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Pleasing Words

Satisfying Words Satisfying Words Satisfying Words By Mark Nichol The Latin action word placere, which means â€Å"be acceptable† or â€Å"be liked,† is the wellspring of various English words relating to suitability. This post records and characterizes these terms. The action word it would be ideal if you meaning â€Å"be agreeable,† is from plaisir, the Old French mediator of placere, which is additionally the cause of joy, which means â€Å"give joy to† and, as a thing, â€Å"enjoyment† or â€Å"something enjoyed.† (The equivalent word pleasance is uncommon.) Please, as an intensifier, likewise goes before or follows a solicitation (â€Å"Please close the door†) or an attestation (â€Å"Yes, please†) to make it increasingly gracious however can likewise communicate disparagement (â€Å"Oh, please†). The antonyms of the action word and thing, separately, are disappoint and dismay. Something that satisfies is satisfying, and somebody who satisfies is a pleaser. Fake treatment was received legitimately from a Latin expression meaning â€Å"I will please.† The word alludes to a substance given to a patient for mental as opposed to physical alleviation (in light of the fact that the patient is hoodwinked into feeling that the fake treatment will affect an envisioned or overstated condition). It additionally applies to a likewise harmless substance given to individuals from a benchmark group in an examination to help assess the adequacy of a medication taken by guineas pigs; if the medication is resolved to be more compelling than the fake treatment, it is solid. Another nearby relative is the descriptor charming, which means â€Å"agreeable,† the antonym of which is disagreeable. A merriment is a gracious comment made during a social event, or a silly or energetic one. Then, supplication is likewise plunged from placere, by method of placitum, which means â€Å"decree† or â€Å"opinion†; the advancement of the sense is from â€Å"something concurred on the grounds that it pleases† to â€Å"something decided.† The action word structure, argue, initially applied solely to making a supplication in court yet was later reached out to apply to a critical solicitation; arguing created as a thing from the principal sense, portraying the demonstration of contending a case. Smugness initially implied â€Å"pleasure† yet came to relate to an absence of concern or to vanity; the variety lack of concern has the negative implication of confused carelessness. The homophone agreeableness is an immediate obtaining from Middle French importance â€Å"desire to please.† The descriptive structures are self-satisfied and obliging. Tranquil, from placere by method of placidus, which means â€Å"peaceful,† holds the Latin significance. (The thing structure is placidity.) The Latin action word placare, which means â€Å"appease† or â€Å"assuage,† is connected; it is the wellspring of mollify, which holds those implications. The descriptive structure is appeasing, and the demonstration is called assuagement. Placable is an elective descriptive word, however it is uncommon; the antonym, inflexible, is increasingly normal. Need to improve your English shortly a day? Get a membership and begin getting our composing tips and activities day by day! Continue learning! Peruse the Vocabulary classification, check our well known posts, or pick a related post below:Punctuating â€Å"So† toward the Beginning of a SentenceEmpathy With or Empathy For?30 Words for Small Amounts

A Review of the SMART Addiction Recovery Program

A Review of the SMART Addiction Recovery Program December 06, 2019 Tom Merton/Caiaimage/Getty Images More in Addiction Coping and Recovery Methods and Support Overcoming Addiction Personal Stories Alcohol Use Addictive Behaviors Drug Use Nicotine Use As with 12 step groups, the SMART Recovery program can be an excellent resource for many people who are working to overcome addictions. The SMART Recovery Program shares with AA the foundation principles of accessibility, confidentiality, and mutual support, which links you to a worldwide network of help, as often and when you need it. However, the SMART Recovery Program is not as widespread or well-known. More rigorous in approach than 12 step groups, the SMART Recovery program can provide more safety for participants in its facilitated and standardized approach to overcoming addiction SMART Recovery's 4-Point Process Building and maintaining the motivation to changeCoping with urges to useManaging thoughts, feelings, and behaviors in an effective way without addictive behaviorsLiving a balanced, positive, healthy life The meetings follow a standard structure that includes both teaching and participant input. The SMART Recovery Program differs from 12 step groups, but many people choose to be involved in both groups. The 12 Steps of Recovery Programs SMART Recovery Program Review The SMART Recovery program is a community-based self-help program, which can be an alternative to, or complement to, 12 step programs such as Alcoholics Anonymous (AA), Narcotics Anonymous (NA), and Cocaine Anonymous (CA). Although not as widespread or well-known as 12-step groups, there is a large network of over 500 in-person meetings (available in many countries) as well as online meetings. This is a boon to people with addictions who require ongoing support: No matter where you go, you can often find a meeting if you want to attend one. SMART Recovery meetings are facilitated, and the meetings themselves follow a standardized format. This can provide a great advantage over 12 step groups, which can vary greatly and can be dominated by individuals pushing their own agenda. Smart Recovery Six stages of change No sponsors Psychological approach Run by facilitators 12-Step Programs 12 steps Sponsors Spiritual approach Run by volunteers Another advantage is that, unlike AA and other 12 step groups, SMART Recovery is based on sound and proven psychological and evidence-based approaches. Some members also appreciate the fact that SMART Recovery makes no demands of participants to engage in spiritual practices. And particularly important to those with dual diagnoses involving a mental health problem, or a physical health problem requiring psychoactive medications, you will not be faced with individuals suggesting that this is another form of addiction, which can sometimes happen with extremist 12 step participants. In fact, the SMART Recovery Program states that it supports the appropriate use of medications.

Law of Constant Composition in Chemistry

In chemistry, the law of constant composition (also known as the law of definite proportions) states that samples of a pure compound always contain the same elements in the same mass proportion. This law, together with the law of multiple proportions, is the basis for stoichiometry in chemistry. In other words, no matter how a compound is obtained or prepared, it will always contain the same elements in the same mass proportion. For example, carbon dioxide (CO2) always contains carbon and oxygen in a 3:8 mass ratio. Water (H2O) always consists of hydrogen and oxygen in a 1:9 mass ratio. Law of Constant Composition History Discovery of this law is credited to the French chemist Joseph Proust, who through a series of experiments conducted from 1798 to 1804 concluded that chemical compounds consisted of a specific composition. Considering John Daltons atomic theory was only just beginning to explain that each element consisted of one type of atom and at the time, most scientists still believed elements could combine in any proportion, Prousts deductions were exceptional. Law of Constant Composition Example When you work with chemistry problems using this law, your goal is to look for the closest mass ratio between the elements. Its okay if the percentage is a few hundredths off. If youre using experimental data, the variation might be even greater. For example, lets say that using the law of constant composition, you want to demonstrate that two samples of cupric oxide abide by the law. Your first sample was 1.375 g cupric oxide, which was heated with hydrogen to yield 1.098 g of copper. For the second sample, 1.179 g of copper was dissolved in nitric acid to produce copper nitrate, which was subsequently burned to produce 1.476 g of cupric oxide. To work the problem, youd need to find the mass percent of each element in each sample. It doesnt matter whether you choose to find the percentage of copper or the percentage of oxygen. Youd simply subtract one of the values from 100 to get the percent of the other element. Write down what you know: In the first sample: copper oxide 1.375 gcopper 1.098 goxygen 1.375 - 1.098 0.277 g percent oxygen in CuO (0.277)(100%)/1.375 20.15% For the second sample: copper 1.179 gcopper oxide 1.476 goxygen 1.476 - 1.179 0.297 g percent oxygen in CuO (0.297)(100%)/1.476 20.12% The samples follow the law of constant composition, allowing for significant figures and experimental error. Exceptions to the Law of Constant Composition As it turns out, there are exceptions to this rule. There are some non-stoichiometric compounds that exhibit a variable composition from one sample to another. An example is wustite, a type of iron oxide that may contain 0.83 to 0.95 iron per each oxygen. Also, because there are different isotopes of atoms, even a normal stoichiometric compound may display variations in mass composition, depending which isotope of the atoms is present. Typically, this difference is relatively small, yet it does exist and can be important. The mass proportion of heavy water as compared with regular water is an example.

Analysis Of Homer s Odyssey - 1710 Words

Dvir Reif Classics 28 Professor Griffith 4 March 2016 Odysseus’ Divide Homer’s Odyssey provides a detailed account of the Greek hero Odysseus’ return home after the end of the Trojan War and the many obstacles and adventures he encounters along his journey. Depicting a non-traditional heroic character, this epic poem gives an insight into the intricate relationships between mortals and gods, commenting as well on societal norms and expectations in ancient Greece. Odysseus, though not developing as a character in Homer’s Odyssey, experiences dynamic shifts in his character throughout the poem. This constant shifting between two contrasting versions of his character allows Odysseus to be situated as a representation of mankind, a fusion of both civilization and barbarism. Odysseus exhibits an initially civilized attitude upon meeting the Cyclops Polyphemos. Odysseus does not realize, as he explains to the Phaiakians later on, that he â€Å"would encounter a man who was endowed with great strength, and wild, wi th no true knowledge of laws or any good customs†(IX. 214-215), and acts accordingly. This whole interaction between Odysseus and Polyphemos represents a perversion of the guest-friendship relationship that is highly emphasized throughout the Odyssey. The guest-friendship relationship with the Phaiakians provides a basis of comparison for this interaction. Their overall generosity and willingness to help Odysseus, is completely reversed in the situation with the Cyclops.Show MoreRelatedAnalysis Of Homer s Odyssey By Homer1202 Words   |  5 Pagescoping with the idea of losing his father and letting others to rule Ithaca. It is noticeable from the beginning of The Odyssey, written by Homer that Telemachus finds himself in a complicated situation where his life is seen to be in danger. He is a character of being distance from people. The idea of Telemachus becoming his own father, threatens suitor’s control in Ithaca. Homer describes Telemachus as a teenager who has not found himself and is on a mission to become an adult as his father. TelemachusRead MoreAnalysis Of Homer s Odyssey By Homer1095 Words   |  5 Pagesused in Homer’s Odyssey is the digression. The digression is departure from the main storyline that does not alter the action of the story, but adds a layer of sentimental content to the plot which usually helps underscore themes central to the story. The digressions in the Odyssey are meticulously written with great attention to detail just like the rest of the epic, and they truly help readers grasp the important aspects of the story. The liberal use of digression in the Odyssey helps build a vividRead MoreAnalysis Of Homer s Odyssey By Homer2018 Words   |  9 PagesThe Odyssey by Homer is more light in tone than the Iliad, of the same author: The good wins while the evil is punished. Even though the gods are still strict, the relationship between Odysseus and Athena is a more sincere and equal a relationship than between G od and Man in the Iliad. Odysseus is distinguished not only by his bravery, but largely by his intellect and cunning. He is the type of resourceful man whom never gives up, thinks of the causes, is reverent and never gives in. The Odyssey isRead MoreAnalysis Of Homer s Odyssey, By Homer915 Words   |  4 PagesThroughout the Odyssey, the hero, Odysseus is portrayed in two different and contradicting lights: the wise hero and the capricious leader blinded by his own pride. The epic writer, Homer, embodies the theme of hubris throughout Odysseus’ journey home. The idea of hubris, a trait of excessive pride, significantly develops personalities of characters within The Odyssey, and Homer ultimately creates a statement about excessive pride. The dual portrayal of Odysseus leads the reader to ultimatelyRead MoreAnalysis Of Homer s Odyssey By Homer Essay1479 Words   |  6 Pages The word â€Å"Family†, according to Merriam Webster, is thought to be a group of people brought together by common affiliation. The same cannot be said for the culture in the Odyssey by Homer. In the Odyssey, Odysseus is trying to get back home from fighting in the Trojan War. He has been away from home for almost 20 years longing to just be reunited with his kinfolk. Along the way, he comes across many obstacles that hinders him from reaching his home and family in in Ithaca. Luckily, the memoriesRead MoreAnalysis Of Odyssey By Homer s Odyssey2253 Words   |  10 Pagesand Midwifery Council, 2006). The literature surrounding the subject of mentorship is vast and fails to provide a single definition, however the terms used are often similar. Colley (2000) writes that the word mentor originated in Homer’s poem ‘Odyssey’ in which the character oversees the development of Telemachus. Usually mentoring describes the process of an experienced team member using their skills and knowledge to educate and develop a junior or less skilled co-worker (Chartered Institute ofRead MoreAnalysis Of Homer s The Odyssey 1483 Words   |  6 PagesViolence in The Odyssey Violence in Literature can take any form, whether it be natural disaster like and earthquake or a human based disaster like war (Campbell). In Homer’s The Odyssey both types are found†¦ whether it’s Odysseus’s hardships like making it home or dealing with the wrath of the god Poseidon. Every violent scene has its own reasons, some are more reasonable than others. For instance, the gods were angered by the disobedience of the mortals, this is more reasonable than the killingRead MoreAnalysis Of Homer s The Odyssey 795 Words   |  4 Pages Odysseus Epic Hero In the Epic, â€Å"The Odyssey, spoken by Homer, conveys a heroic tale of an epic hero named, Odysseus, who faces many challenges as he sails to get home. One of the tasks Odysseus faces is, The Sirens, who challenge Odysseus s will power. Another challenge Odysseus encounters is, â€Å"The Cyclops, who torments and slaughters some of Odysseus s men due to his curiosity. One of the hardest threats he had to confront was, â€Å"The Land ofRead MoreAnalysis Of Homer s The Odyssey1636 Words   |  7 PagesGreek society, Homer’s The Odyssey provides a detailed insight into the values of this intricate culture. In particular, this epic discusses the ways in which the deathless gods influence the fates of the mortals. The overall impact of the gods’ power is the mental straining that emerges from the unrelenting conflict of man versus immortal. Likewise, the actions and misfortunes of others also catalyze this extremely significant and powerful mental battle. Homerâ€⠄¢s The Odyssey reveals the values of ancientRead MoreAnalysis Of Homer s The Odyssey 1128 Words   |  5 Pages The Odyssey shows a lot of different stereotypes for women throughout the book, taking action to get what they want. Odysseus is trying to get back home after ten long years since the fall of troy, and his son is going out to find him. Throughout the book Odysseus meets lots of woman who vary in personality. He meets woman with the stereotypes: â€Å"mantis†- dominant, eats its mate, destroys to gain power, feared by many. â€Å"Damsel in distress†- persecuted maiden, woman placed in a dire predicament requires

EHT Task Free Essays

Guided Practice: a. Teacher follows the above procedure for each student working with each student both directly and indirectly. Teacher and aid will use both physical and verbal cues until student is able to work in pairs and then independently. We will write a custom essay sample on EHT Task or any similar topic only for you Order Now E. Independent Student Practice: a. Teacher will begin pairing students together based on ability to follow through with â€Å"kick the ball†. B. Students will be monitored for safety implicate, sharing and taking turns as well as using correct technique. C. Students who are non-compliant with safety procedures will work independently with teacher or aid as they kick the ball and retrieve it. D. Wheel chair students will receive moral and physical support as required. F. Culminating or Closing Procedure/Activity/Event: a. Students will participate in a non-traditional game of kick the ball; students will utilize a three base plus home plate field (set up like baseball). Each student will receive a turn to kick the ball and maneuver the basses. Students enable to walk or run or who are in a wheelchair will be assisted around the course. Students will receive instruction, praise and reward for all efforts and achievements. Pedagogical Strategy (or Strategies): Teacher will be utilizing direct instruction, one-on-one instruction, small group instruction and independent teaching strategies. Differentiated Instruction: Accommodations have been implemented for physically challenged students. Small group Para-pro for student with CUP. Classroom aid for wheelchair bound student and additional coverage where needed throughout the lesson. Technology Integration: Technology deemed inappropriate for this lesson format as physical exercise is required. Student Assessment/Rubrics: Assessment: Per state guidelines students are only required to participate so attendance will be taken and submitted. An alternative assessment could be documented and kept in student records and could be in the format of a rubric. Students could be measured as: Mastered, independent, guided, and physically assisted. This information could as well be kept in a teacher grade book used to monitor progress or regression. How to cite EHT Task, Papers

List Of Prepositions - The Writers For Hire

PREPOSITION LIST What is a Preposition? A preposition is a word or phrase typically placed before a noun and indicates the relation of that noun to a verb, adjective, or other noun. Richard Lanhams Paramedic Method consists of six steps to create clear and concise copy. The first step is to find and eradicate unnecessary prepositions. But, if you dont know how to spot a preposition, how can you eradicate it? Mrs. Moore, my third-grade teacher, taught me to identify most prepositions by asking the question, Can a cat do it to a box? For example, a cat can go over, by, beyond, behind, around and through a box. This is a quick and easy way to single out most prepositions, but it doesnt work every time. A cat cant go like, subsequent to, or aside from a box, but these are all prepositions. To assist you, Ive put together a list of the most common prepositions in English. Four Types of Prepositions: One-Syllable Prepositions Two-Syllable Prepositions Combined One-Syllable Prepositions Combined Word Prepositions 17 One-Syllable Prepositions: in with like at by on near to from down off through out past up of for 21 Two-Syllable Prepositions: about along below during above among beneath except across around beside inside after before between outside against behind beyond over under 6 Combined One-Syllable Prepositions: into upon without onto within throughout 6 Combined-Word Prepositions: according to out of on account of aside from prior to owing to by means of inside of in front of because of subsequent to as to For those of you that a picture speaks a thousand words, check out the article on the Visual Representation of Prepositions. Return to Main Writing Tips Resource Page

Business and ethics essay part 2

Business and ethics essay part 2 Business and ethics essay part 2 Business and ethics essay part 2Business and ethics   essay part  1Joe Stratford, the narrator of the book was the average realtor before he has got acquainted with Marcus Burns. Joe was quite successful but Marcus has increased his ambitions enormously and raised his egoism into Joe. Joe led a routine life before he has got acquainted with Marcus, who opened the world of great opportunities for Joe, who has already been quite a prosperous person.In such a way, the egoism of the main character has proved to be stronger than his reason. At any rate, in pursuit of even greater wealth he agrees to the partnership of Marcus, which he expected to bring him exorbitant profits. At this point, it is worth mentioning the fact that Joe was just the mere puppet in hands of Marcus, who used him to make the deal and launch the partnership, which he believed to be prospective and potentially beneficial.Even though Marcus pretends to be friendly with Joe, as his business partner, he apparently does not care about anyone but himself as is the case of the main characters of Glengarry Glen Ross. The egoism of Marcus, as the milestone of his ethics and system of values, becomes obvious, when the partnership’s failure becomes obvious. In fact, the business run by Marcus and Joe is apparently falling apart and future prospects of the company are questionable. In such a situation, Marcus flees and takes all the money of the company with him. In such a way, he betrays his business partner and flees leaving Joe no hope for survival of their business anymore.In such a situation, the egoism of Marcus is obvious and he does not care about anyone but himself. He is apparently aware that he pushes Joe right into the abyss of bankruptcy but still he steals the money and just runs away.On the other hand, Joe is not as good as it may seem to be compared to Marcus. In fact, Joe is driven by the same egoistic concerns as Marcus is and he looks good for readers just because he is not as bad or evil as Marcus is. In this regard, he is just a good among the worst but he is definitely not good in moral terms. For instance, Joe has a love affair with Felicity, a married daughter of his mentor. Obviously, this love affair is a betrayal of his mentor but still Joe puts his personal interests, needs and wants above moral norms and laws. He easily violates them and proves to be a good student of Marcus, who teaches him to do business and live in the world of great opportunities. However, opportunities turn out to be open for the worst and most immoral persons, like Marcus because they take every opportunity regardless of the moral background of their actions. In this regard, egoism is the major, if not to say, the only moral criterion for them. What is good for the main characters of Good Faith at the moment is moral.At the same time, it is still important to place emphasis on the fact that Joe is not absolutely bad. Instead, he used to be good in a way, before he has got acquainted with Marcus. Joe was quite good. At any rate, he recognizes that he grew up in a religious family, where he learned basic moral norms of Christian community but he did not really care about them. On the other hand, he has not violated those moral norms openly before Marcus has arrived. In this regard, it is quite symbolic that his love affair with Felicity starts after his acquaintance with Marcus, as if Marcus has corrupted Joe and made him slipping to the wrong way and immoral lifestyle.In such a way, Marcus and other puppeteers from the film, like Moss, are immoral agents, who are ready to act immorally to meet their egoistic ambitions and goals. In fact, they pursue their personal interests and benefits but they turn out to be contagious in their egoism and the strife for their personal well-being regardless of needs and interests of other people. On following their lead, their puppets, like Joe, Levene and others, also turn out to be highly egoistic and pursuing their own well-being with disregard to the well-being of other people or to existing moral norms and standards.Thus, egoism turns out to be the mainstream ethical theoretical framework which determines the life, actions and decisions taken by the main characters of the film Glengarry Glen Ross and the book Good Faith. The main characters of the book and the film are quite different. Some of them look to be quite good at first, as is the case of Joe or Levene. However, under the impact of evil geniuses, like Marcus or Moss, even those characters, who seem to be good, turn out into immoral characters, who violate existing moral and ethical norms and are ready to violate legal norms and rules. In this regard, puppeteers, like Moss and Marcus, stand on the egoistic ground and view their well-being as the only moral criterion for their decisions and actions and they teach this philosophy to other characters. Remarkably, other characters learn this lesson fast and also slip to the immoral way of life. Symbolically, both the director of the film and the author of the book show that their egoistic way of life is the way to nowhere since their egoism brings them no good. On the contrary, in their pursuit of the personal well-being and success, the main characters become absolutely corrupted and ready to violate not only moral but also legal norms and rules.

So You Just Got Fired. Now What

So You Just Got Fired. Now What Even if it wasn’t your fault, getting fired can be a traumatic experience. Here are 8 steps you can take to ensure you bounce back. 1. Take a momentSulk. Set yourself a time limit- a week or less- and throw yourself a pity party. Wear sweatpants and have ice cream for breakfast and grieve for the job you lost. Feel all the feels and then cut yourself off and get back on that horse.2. Stop Facebook stalkingNo good can come of you and social media right now. You’ll only compare your current situation to everyone else’s apparently devastating success- the constant feed full of fancy promotions and careers, even marriages and babies. Remember that your current situation does not define the scope of your life or career and take a breather from all the bragging of your network.3. Open the windowThe door is closed. That sucks. But now you get to find the window. There will always be a window. Reframe how you’re looking at this loss, and turn it into a gain. What do you now have the freedom to pursue? Figure that out and go get it.4. Soul searchYou’ve turned the positivity corner. Now you’re strong enough to examine what you may have done wrong- or failed to do really well- so you can prevent that from happening again. This could be a valuable learning experience for you. Even if you learn that you just picked a rotten company at a rotten time. Figure out how you can make yourself a better worker having learned where your performance was perhaps not perfect.5. Take it on the chinAsk former coworkers you trust how they view the situation. Ask them to give you straight-up, honest feedback, then listen to what they have to say. Don’t argue. Just take in their view and examine it in the comfort of your own home. Ask yourself what you can take away from what they said in order to do better next time.6. Make a planNow that you’ve learned more about your weaknesses (and are starting to feel that sneaky despair again), it ’s time to get back into the positive and proactive realm. Make a plan for improving each thing on your newfound list of faults, whether major or minor. Turn all of this difficult feedback into a new set of goals you can work at, reach, and celebrate.7. Get physicalNever underestimate the endorphin rush of exercise. Or the confidence you’ll gain from realizing your bod is getting hotter by the day. Your self-esteem will thank you.8. Be gratefulWrite a thank you note. Or ten. To your former boss, your colleagues. Most importantly, to your former supervisor for the opportunity and the things you learned from them. You’ll never know when you might cross paths again.

Economics Essay Example | Topics and Well Written Essays - 1500 words - 3

Economics - Essay Example The fiscal expansion which came about as a result of World War 11 led to the end of that period of contraction. As some parts of the world are recovering from what has been described by many as the Great Recession, the debate is on as to whether or not the world went through a depression or a recession. Indeed there are some similarities with the Great Depression of the 1930’s but the official authorities have not characterised it as such. This paper defines recession and depression and explains the differences between them. It also looks at similarities and or differences leading up to the Great Recession which was triggered by the volatility in the stock market and a credit crunch in 2007, and those of the Great Depression which lasted from 1929 to 1933 and extended into the 1940’s. Definitions The Business Cycle Dating Committee (BCDC) at the National Bureau of Economic Research (NBER) defines a recession as a time when business activity is at its peak and therefore starts falling until it reaches its lowest level (â€Å"bottom out†) –a trough (Recession n.d.). A recession normally lasts for a year and is part of a regular business cycle which involves contractions (recession) and expansions. However, there are others which have lasted for up to two years. An example is the Japan’s economic slowdown in Japan in the 1990’s which lasted for 2 years to March 1999 can be considered as a recession since the largest peak to trough decline in GDP during that period was 3.4%. A depression on the other hand represents a slowdown in economic activity where GDP falls by more than 10% (Recession n.d.). It is characterised by rising unemployment, a sustained long term downturn in the economy and normally last for more than three years. The great depression which lasted from 1929 to 1933 and which was prolonged well into the early 1940’s with the â€Å"double-dip† is a prime example of a depression. During this perio d real GDP fell by 30% which is above the 10% benchmark. Unemployment levels soared to never before seen levels and a large number of families and single persons were losing there homes. Thousands of business closed there doors while others downsized. Differences between a recession and a depression The Economist (2009) quotes Saul Eslake, the Chief Economist at ANZ Bank as saying that the difference between a recession and a depression is more than just size and duration as noted in the definitions above. Eslake indicates that the cause of the downturn is also of importance (qtd. in The Economist, 2009). Eslake went on to state that a recession usually results from tight monetary policies while a depression is the result of a â€Å"bursting asset credit bubble†, a sharp decline in credit (contraction) and a fall in the general price level (The Economist 2009). Eslake further stated that during the Great Depression prices fell by approximately 25% and nominal GDP shrank by al most 50%. A depression Eslake suggested does not have to be as severe as in the 1930’s. They can either be mild or severe. Additionally, Eslake (qtd. in Economist 2009) indicates that the economic downturns (slumps) which followed on the heels of the collapse of the Soviet Union and the ones which characterised the Asian crises were not depression. The reason Eslake states is that inflation increased sharply. Eslake also suggested that the downturn in the e

Discussion board Essay Example | Topics and Well Written Essays - 250 words - 3

Discussion board - Essay Example Prison wardens could use excessive force that violates human rights to meet these goals, particularly when handling difficult inmates. Use of inhumane strategies by wardens to contain an inmate’s behavior, either directly or indirectly could cause such wardens to be sued. This could be attributed to violation of laws that dictate that for whatever reason a person is incarcerated, such a person should not suffer pain beyond liberty deprivation and that even the most atrocious offender should be treated with dignity and respect. The report of such violations by a Rikers Island jail guards by Weiser (2009) provides an example of how wardens’ actions could cause them to be sued. This reporter observes that the jail’s wardens influenced other inmates to attack inmates who exhibited undesirable conduct. It was such action by the wardens that led to the death of Christopher Robinson, an 18-year old inmate, on 18th October 2009. Three wardens were linked to the death and charged by the Bronx district attorney of larceny and assault among other charges. Therefore, whereas wardens are charged with maintaining order in correctional facilities, they are limited by the need to respect human rights from acting

Shakespeares Hamlet - Hamlet and the Ghost Essay -- GCSE English Lite

Hamlet and the Ghost      Ã‚  Ã‚   This essay will analyze a very important, non-human character in Shakespeare’s tragedy, Hamlet. This is, of course, a reference to the supernatural creature, or Ghost.    A.C. Bradley in Shakespearean Tragedy discusses the quandary into which the Ghost put the protagonist:    What, it may be asked, was hamlet to do when the Ghost had left him with its commission of vengeance? The King was surrounded not merely by courtiers but by a Swiss bodyguard: how was Hamlet to get at him? Was he then to accuse him publicly of the murder? If he did, what would happen? How would he prove the charge? All that he had to offer in proof was – a ghost story! Others, to be sure, had seen the Ghost, but no one else had heard its revelations. (97)       Frank Kermode in â€Å"Hamlet† fits the Ghost into the local and national scene:    But meanwhile the ghost – â€Å"this thing† – has appeared. (Horatio as skeptic raises questions as to its status which could have been avoided.) There has been speculation as to its purpose, but one thing seems sure: it has to do with the state of the nation – it   â€Å"bodes some strange eruption to our state† – and with the armaments drive now in progress under the threat from Norway. That it genuinely has to do with the state of the nation – its spiritual rather than its merely political state – we shall learn; and to give us a â€Å"musical’ sense that this is so, there is the unexpected speech about Christmas. (1138)    The Ghost means more than a commentary on the spiritual and political state of the nation. Gunnar Boklund’s   â€Å"Judgment in Hamlet† introduces the Ghost in terms of the dilemma of the protagonist:      It is a commonplace to refer to Hamlet’s â€Å"... ...Diego: Greenhaven Press, 1999. Rpt. from The Masks of Hamlet. Newark, NJ: University of Delaware Press, 1992.    Shakespeare, William. The Tragedy of Hamlet, Prince of Denmark. Massachusetts Institute of Technology. 1995. http://www.chemicool.com/Shakespeare/hamlet/full.html    Ward & Trent, et al. The Cambridge History of English and American Literature. New York: G.P. Putnam’s Sons, 1907–21; New York: Bartleby.com, 2000 http://www.bartleby.com/215/0816.html    West, Rebecca. â€Å"A Court and World Infected by the Disease of Corruption.† Readings on Hamlet. Ed. Don Nardo. San Diego: Greenhaven Press, 1999. Rpt. from The Court and the Castle. New Haven, CT: Yale University Press, 1957.    Wilkie, Brian and James Hurt. â€Å"Shakespeare.† Literature of the Western World. Ed. Brian Wilkie and James Hurt. New York: Macmillan Publishing Co., 1992.   

Existing Good or Service Business Proposal Essay

The Thomas Money Service, Inc. is a consumer finance company that has been granting loans and financing since 1940. Within the first five years the company expanded its business when it began â€Å"issuing business loans, business acquisition financing, and commercial real estate loans† (University of Phoenix, 2011, p. 1). By 1946 the company expanded to include equipment financing by creating a subsidiary named Future Growth Inc. (FGI). Due to increased demand in forestry and construction equipment in 1951 FGI purchased a manufacturing company so that the company was able to offer financing as well as their own brand of construction equipment. Over the past 67 years, FGI has held a monopoly on financing and manufacturing construction equipment and has seen only increased profits year after year. FGI has also never had to lay off any of its employees. â€Å"This track record has allowed their stock to grow from $5.00 to $85.60 with stock splits from 1975 to 1998. FGI has never issued bonds, and the present stock value is $35† (University of Phoenix, 2011, p. 1). Unfortunately, with the current economic downturns, natural disasters, and a decline in new-home sales, profits for FGI began to decline by 30% from the previous year. Due to the decline in production, the company was forced to layoff a third of their employees. Even with the current drop in new-home sales, there is still the opportunity for demand to increase as the economy becomes healthy again. Below the author will discuss how to increase revenue. Increase revenue FGI has many opportunities to increase revenue. Increasing revenue is not only dependent on the sales price of the product but also on what the companies expenses include. The company will need to re-evaluate the way it spends money and determine how to reduce outgoing costs. The first step FGI should take is to review its vendor list and communicate with the vendor to  determine the best way to reduce costs while saving the vendor money as well. FGI could request that all parts and supplies be purchased in bulk to cut down on freight charges as well as reach out to other businesses in the area to purchase supplies from the same vendor together. They would share the cost of freight, which would reduce the expense for both companies. Advertising is another expense that FGI needs to focus on. Currently FGI has cut back on its advertising efforts and has decided to only advertise during sporting events. This might not be a productive advertising strategy. It would be more lucrative to advertise in several venues such as direct mail, newspapers, and telephone books. This strategy will get the company name and services to a broader area of customers. Another expense is employee hours, schedules, and benefits that could use an overhaul. Currently FGI was forced to layoff a third of its workforce. The company needs to determine the best way to keep its employees while still saving money for the company. Department heads will need to review and re-evaluate employee schedules and hours to ensure that they are using the employee hours effectively. By re-scheduling and reducing employee hours, FGI will be able to save even more revenue. Benefits are also an expense that is offered by the company, but the company is not required to offer them to its employees. FGI should review and determine if it can continue to offer all of the benefits it currently does. If necessary, FGI could reduce 401k matching, reduce or stop employee bonuses and parties, and finally re-negotiate with insurance companies to find a more cost effective insurance package for the employees. Finally, the most effective way to ensure an increase in revenue is to cut t he sales price of the equipment. The chart below shows that the lower the price, the higher the demand. If FGI were to decrease its prices they would increase sales. Communicating with vendors, upping advertising, re-structuring employee hours and benefits, and cutting prices are all successful ways to increase revenue. Another aspect of increasing revenue that FGI needs to  consider is the spending power of its customers. The economy of the United States is currently on the down turn again, heading back into a recession. The credit market conditions are not very strong; the current unemployment rate is unchanged at 9.1% according to the U.S. Bureau of Labor Statistics. The fact that the unemployment rate has had no change means that the economy has not changed. There are no new jobs, which affect the construction industry. People cannot afford to build homes and they cannot apply for loans because their credit history is not strong enough. There is a silver lining for construction companies and equipment companies such as FGI. In 2009, the government created the 2009 Stimulus Package, which included â€Å"$131 billion allocated for construction-related spending† (The McGraw-Hill Companies, Inc., 2011, para 1). This stimulus allows for construction companies to bid for upcoming transportation construction jobs. Construction companies will need to upgrade their equipment to newer more efficient equipment that can handle the new workload and conditions. FGI will need to take advantage of the influx in construction equipment purchases by advertising and offering discounts and rebates to all new and current customers. Maximize Profit The concept of marginal cost and marginal revenue is used to determine how much it will cost to produce one more piece of equipment. â€Å"Companies typically look to reach a production equilibrium where marginal cost and marginal revenue are equal. At this point, the company will maximize its profit† (Vitez, 2003-2011). If an imbalance were to occur on either marginal costs or marginal revenue there will be inefficiencies with production. There is a possibility that it could cost the company more to produce the extra piece of equipment than it would profit from. According to Huter â€Å"The quantity that maximizes profit is where marginal profit shifts from positive to negative† (1999-2011). To determine the profit-maximizing quantity it is necessary to know the price, variable costs, marginal revenue, and quantity ordered. Looking at the chart above it is clear that the company is making money off of the maximum of 12 orders. If the order demand were to go from 12 to 13, there is the possibility that it would cost the company more to produce that many than they are able to charge for all 13. With that in mind, the  profit-maximizing quantity would be 13. Suggested Mix of Pricing and Non-Pricing Strategies FGI is no longer the only equipment manufacturing company for customers to choose from. In order for FGI to stay competitive, the company must include a mix of pricing and non-pricing strategies. Non-pricing strategies would include advertising the company as well as any discounts, financing, and warranties the company has to offer. Pricing strategies could include low-interest financing, longer payment terms, warranties, and product bundling. Product bundling could simply state that if a customer not only orders the equipment through FGI but also finances the purchase than they will receive a discount on the total price. According to the Wall Street Journal, â€Å"the Labor Department’s snapshot of the August jobs landscape, cuts in the public sector entirely offset the private sector’s gain of 17,000 positions. Figures from earlier months were lowered, due largely to deeper cuts by government. The unemployment rate remained at 9.1% but is likely to move higher in coming months amid the lackluster pace of job creation†Ã¢â‚¬â„¢ (Reddy, 2011, para 4). Due to the possible economic downturn, FGI must consider a radical change in policy to stay competitive and on top of the market for construction manufacturing equipment. This radical change would be to offer customers the opportunity to rent or lease the construction equipment instead of purchasing it out right. Leasing construction equipment will allow construction companies to save money and will allow FGI to earn income and stand out among its competition. Create or Increase Barriers to Entry It can be difficult to create or increase barriers to entry when there is already competition in place. A few things that FGI could do to increase barriers to entry is to offer customers something that is totally different from the competition. Making the customers want to only purchase from FGI. Those differences would include the ability of the customer to rent the construction equipment for the duration of their contract and increase customer service. Increasing customer service would include offering the customers more options to contact FGI. FGI will need to utilize technology  such as the Internet, Websites, email communication, and QR codes, which allows customers to access company information and discounts. Increase Product Differentiation Product differentiation includes pricing and non-pricing strategies as well as increasing barriers to entry. FGI will need to make their construction equipment stand out from its competitors. In order to stand out, FGI will need to make changes to how it advertises its product, increase offers customers who purchase the equipment, and make the customers experience with FGI unique. Customers want to be excited about spending money, FGI should make their shopping experience exciting and rewarding. Customers who are happy about their purchases will spread the word to other potential customers who will then decide to purchase from FGI over other construction equipment companies. Other Ways to Minimize Costs A few ways to minimize costs for the product includes reducing the amount of employees, which FGI recently did. One way to minimize costs is for FGI to lease their manufacturing centers and financial offices instead of purchasing the buildings. Leasing will reduce costs to FGI because the owner of the buildings will need to pay for the upkeep and maintenance of the building and grounds. Reducing spending on supplies and manufacturing equipment is another way to minimize costs. The issue with reducing spending on supplies and is that the supplies could potentially be inferior products which would then make the products that FGI sells inferior. FGI will need to determine if the quality of their product is worth risking so that the company can reduce the cost of producing the equipment. International Trade International trade is beneficial to both the United States and foreign countries because it is the exchange of goods between both countries. â€Å"Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries† (Heakal, 2003, para 4). International trade can affect and is affected by each nations political issues. A current example is the Greek economic bail out. The Greek economy is currently in need of another debt bailout to hopefully  turn its economy around. The affect that the European bailout of Greece could have on the United States is that Europe will have less money to spend on American goods, which will then cause trade to decrease. â€Å"If a full default occurred, other troubled countries, notably Spain and Portugal, could also follow suit, leading to a wave of defaults that would severely affect the European zone and could send shockwaves all the way to Wall Street† (Katrandjian, 2011, para 13). As the Global Economy stands now, international trade has not been affected significantly. There is the possibility of international trade being affected if the European economy doesn’t stabilize. With that in mind FGI must consider how the international economy will affect the overhaul of FGI’s current marketing structure. FGI will need to make its products more lucrative for foreign companies to purchase. FGI would need to create a special package offer to foreign companies that includes special incentives such as discounts, extended warranties, and shorter lead times. Conclusion FGI has been a successful company since 1940. With the recent economic hardships and additional competition, FGI has determined that they need to re-evaluate their current marketing and product strategies. To increase profit and market value, FGI will need to revamp their spending, marketing, employee hours and benefits, and reduce the cost of their product. Another aspect of business that FGI needs to focus on is the marginal costs and marginal revenue to maximize profits so that they are not producing too much product that will end up costing them more than it is sold for. FGI has the opportunity to re-strategies their pricing and incentives to draw in more customers as well as increase blocking more companies from entering the construction equipment manufacturing industry. With the current credit markets being at an all time low, FGI will need to adjust their production and extended forecast to meet the potential decrease in sales. The 2009 Stimulus Package offers hope to FGI that sales will increase due to the government projected construction improvements on all Freeways and Highways throughout the country. Reference: Katrandjian, O., (2011) Greek Debt Bailout Could Affect the U.S. Economy. Retrieved September 5, 2011 from http://abcnews.go.com/Business/greek-debt-bailout-affect-us-economy/story?id=13879426 Heakal, R., (2003) What is International Trade? Retrieved September 5, 2011 from http://www.investopedia.com/articles/03/112503.asp#ixzz1X6dCaTuv Huter, S., (1999-2011) How to Calculate the Profit Maximizing Quantity. Retrieved August 20, 2011 from http://www.ehow.com/how_6713701_calculate-profit_maximizing-quantity.html Reddy, S., (2011) Job Growth Grinds to a Halt. Retrieved September 4, 2011 from http://online.wsj.com/article/SB10001424053111904583204576546220157206548.html The McGraw-Hill Companies (2011) Construction Stimulus Special Section. Retrieved September 4, 2011 from http://construction.com/stimulus/market_sectors/ University of Phoenix, (2011). Thomas Money Service Inc. Scenario [Computer Software]. Retrieved from University of Phoenix, Simulation, ECO561 website. U.S. Bureau of Labor Statistics (2011) Employment Situation Summary. Retrieved September 4 , 2011 from http://www.bls.gov/news.release/empsit.nr0.htm Vitez, O., (2003-2011) What Is the Relationship Between Marginal Cost and Marginal Revenue? Retrieved August 21, 2011 from http://www.wisegeek.com/what-is-the-relationship-between-marginal-cost-and-marginal-revenue.htm

The Factors Determinant Tax Revenue In Malaysia - Free Essay Example

Sample details Pages: 18 Words: 5434 Downloads: 6 Date added: 2017/06/26 Category Statistics Essay Did you like this example? INTRODUCTION Malaysia is a federation of 13 States and the Federal Territories of Kuala Lumpur and Labuan. The Federal Constitution contains special provisions regarding sources of revenue that are assigned to the Federal and the State governments. Those that are assigned to the State governments include revenue fom land, forest, mining, entertainment, water supply, bank interests, returns from investments, fines including forfeitures (other than imposed by Federal Courts) and fees for licences and permits (but not licences relating to motor vehicles and registration of businesses). Don’t waste time! Our writers will create an original "The Factors Determinant Tax Revenue In Malaysia" essay for you Create order All other revenues, not specifically assigned to the states, are Federal Government revenues. Taxation become crucial economic tools to govern economics for any country, especially to developing countries like Malaysia. With the rapid trend toward globalization and internationalization, the pattern of tax revenues and economic growth accross countries has become a significant concern to economists. Recently, Malaysia has also performed well and shows the similar growth pattern in economy. Therefore, fund collected from taxation used by the government to provide facilities for its population and for the development of the nation. Other than that income tax is one of the surest way to make sure the Government fund is available for spending. Inland Revenue Board (IRB) has play their main role as an agent of Malaysian Government and to provide services in administering, assessing, collecting, and enforcing payment of income tax and other revenue as may be agreed between Government andd the Board. For many years, the Inland Revenue Board (IRB) has presumed that its activities promote better tax collection starting from Official Assessment System (OAS) until Self Assessment System (SAS). Malaysia Federal Government revenues are broadly classified as tax revenues, non-tax revenues and non-revenue receipts. Tax revenues include both Direct and Indirect Taxes. Direct taxes are collected by the Inland Revenue Board (IRB) and includes taxes such as income tax on individuals and corporations, petroleum income tax, stamp duty and real property gains tax. While for indirect taxes the responsibility of collection is taken by the Royal Customs and Excise Department. Indirect taxes include import duties, export duties, excise duties, sales tax, service tax and last but not least; goods and services tax (GST) that replace sales tax and service tax. Non-tax revenues of Malaysian Government consists of fees for issue of licences and permits, fees for specific services, proceeds from sale of government assets, rental of government property, bank interests, returns from Government investments (including gains from sales of investments) fines and forfeitures. The non-revenue receipts consist mainly of repayments and reimbursements such as refunds of overpayments in previous years and repayment of loans from the Federal Governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s Consolidated Fund (Revenue Account) received from other Federal Government Agencies and State Governments. The trend of tax collection in Malaysia is inconsistent, changing upward and downward depending upon economic conditions. However, over a 30 period, most years show an increasing incremental in total collection. The exceptions are when there is an abnormal economic condition such as financial crisis, war or increase in world oil prices. During the early stages of its development which is in year 1960, Malaysia similar with most developing countries relied heavily on indirect taxes accounted for 76.7% (Kasipillai, 2006). However as the economy developed and with the tax reform less reliance was placed on indirect tax which starting from year 1999 the major contribution to government revenue is come from direct tax (69%). In 2008 the collection of direct tax represents 52% of the Government total revenue (Economic Planning Unit, Ministry of Finance and Bank Negara Malaysia). It is believed that the encouraging growth in Gross Gomestic Product (GDP) in 2009 stood at 23% contribute positively to the national revenue collection (9MP). After brief introduction the remainder of this paper is structured as follow. Chapter 2 provide some sort of literature review regarding all the variables included in this research. Chapter 3 consist of research methodology and design, data collection, theoretical framework, hypothesis statement, and data analysis. Chapter 4 provides data description and result analysis and finally in section 5 gives conclusion and summary of the study. BACKGROUND OF STUDY Tax is the main sources of income for government. Tax is defined as a fee charged (levied) by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is direct tax. If tax is levied on the price of a good or services, then it is called an indirect tax. Malaysia is a very tax friendly country compared than the others. Income tax comparaly low and many taxes which are raised in other countries, do not exist in Malaysia. All earnings of companies and individuals acccumulated in, derived from or remitted to Malaysia are liable to tax. Government will used this tax revenues to fund all spending made by government in order to achieve an economic growth and also to promote a sound of economy. Government will present their budget in Parliament around September each year. Determination of budget is based on estimation of government revenue and spending. An increase in government revenue will increase the allocation for government spending. The tax rate is one of the components in government budget. The government will decide whether to increase or decrease the tax rate or to remain unchage based on the goals of government in each budget every year. Definition Of Terms Gross Domestic Product (GDP) Gross domestic product (GDP) is the market value of all final goods and services produced within a country in a given period of time. It is also define as an economic measurement that monitors the overall income and output of a country. It is a way to interpret the overall prosperity of the economy. It is culculated on an annual basis with quarterly updates. The data produced by GDP is interpreted in number of ways. Some use it to measure the productivity of the country, in that it shows how much product was produced and sold. Others use it to measure the general health of the economy and the standard of living of those living in it. Inflation Rate Inflation rate is a measure of inflation, the rate of increase of a price index. It is the percentage rate of change in price level of time. The rate of decrease in the purchasing power of money is approximately equal. The used of inflation rate is to culculate the real interest rate, as well as real increases in wages. When interest rate are high, fewer people and businesses can afford to borrow and it will usually slows the economy down. Unemployment The definition of unemployment is an economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is an important measure of the economyà ¢Ã¢â€š ¬Ã¢â€ž ¢s strength. A high unemployment rate generally indicates an economy in recession with few job opportunities, while a low unemployment rate points to an economy running at or near full throttle. Openness The meaning of à ¢Ã¢â€š ¬Ã…“opennessà ¢Ã¢â€š ¬? has become similar to the notion of à ¢Ã¢â€š ¬Ã…“free-tradeà ¢Ã¢â€š ¬?, that is a trade system where all trade distortions are eliminated. Openness also means the extent to which an economy is open to trade, and sometimes also to inflows and outflows of international investment. The openness here means à ¢Ã¢â€š ¬Ã…“à ¢Ã¢â€š ¬?trade opennessà ¢Ã¢â€š ¬? that consist of imports and exports from a large percentage of GDP. PROBLEM STATEMENT Malaysia is facing budget deficit every year since government expenditure exceed government revenue. If the governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s budget are not sufficient, some of the macroeconomic factors canà ¢Ã¢â€š ¬Ã¢â€ž ¢t be achieved. Government cannot reduce unemployment and inflation rate and also cannot increase the economic growth and promote currency stability if they cannot reach a sufficient budget to cover all the expenditure. Tax is the main component of government revenue that will use to finance all the government expenditure to stabilize the economy. The expenditure here means the used of governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s revenue for the development and operational expenditure that will bring an economic growth. This study is undertaken to discover factors determinant of tax revenue which are independent variables namely Gross Domestic Product (GDP), inflation rate, unemployment and openness (trade) on dependent variable which is tax revenue. It tries to grasp those variables volatility impact on tax revenue in a given economic environment and horizon. Besides, this study was brought up to strenghten tho prove of previous similar study. However, due to the changing environmentof the economy, past researchers cannot be deem a suitable for current application. There is a need to revise the findings from the previous researchers, so it is consistent with current economic situation. The horizon of the research will cover from 1995 to the ending 2009. From this, all the indpendent variables are important towards dependent variable. Therefore the problem statement for this study is which variables that have strongly positive significant relationship towards tax revenue? RESEARCH QUESTION In order to realize the factors determining tax revenue, this question must be taken into consideration. The question is: What is the relationship between GDP and tax revenue? What is the relationship between Inflation rate and tax revenue? What is the relationship between Unemployment and tax revenue? What is the relationship between Openness and tax revenue? This question must be taken into consideration because the questions will answer the overall study and to make sure whether the problem lies within this factor or the others factor. OBJECTIVES OF STUDY General objectives The general objective of this study is to identify the factors determine tax revenue in Malaysia from year 1990 to 2009 which is 20 years. Specific objectives To know what are the factors that will increase or reduce the total tax revenue collected by government. To determine whether growth in GDP significantly affect tax revenue collected by government. To determine whether inflation in Malaysia significantly affect tax revenue collected by government. To determine whether unemployment in Malaysia significantly affect tax revenue collected by government. To determine whether the degree of openness in Malaysia significantly affect total tax revenue collected by the government. SIGNIFICANCE OF STUDY This research study can help the researcher to determine the most significant independent variables to the dependent variable. From this study, it can help the relevant parties to know which variables can give influence to the tax revenue collected government. The findings from this research can provide the information to the other researcher for future research that is similar or related with this study. SCOPE OF STUDY The scope of study is as follow: This study focus on factors determining tax revenue collected by government. The data will be collected from 1990 to 2009 which is twenty years in yearly. Four variables are choosen which are GDP, inflation rate, unemployment, and openness. Software that used as a regression tool is Statistical Package for Social Science (SPSS) 16.0. LIMITATIONS OF STUDY Cost Cost also becomes one of the limitations in doing this research because the researcher needs to bear all the cost and expenses in completing this research without getting any sponsorship. The cost that incurred such as stationeries expenses, photocopying, printing, transportation expenses and others are fully support by the researcher. Choice of Variables Choice of variables is the other limitation of the study. There have many variables that are determinants tax revenue and the researcher need to choose the exact variables so that it is suitable with the dependent variable. The variables that are choosen in this study are GDP, inflation rate, unemployment, and openness. Data Collection Data collection is one of the limitation of the study. The data covered a period of twenty years which is from 1990 to 2009 in yearly. Besides that, there have difficulties while choosing the exact journal and literature review that are strongly support all the variables. Accuracy of Data Accuracy also become a limitation of the study. Researcher used secondary sources in conducting this stdudy to collect data. The secondary sources such as annual reports, books, article, journal that the researcher found from internet and library. So, the accuracy of data depend from all the secondary sources that found in various materials. It means that, the researcher trying to maintain the originality and quality of the journal but the data needed depend on the materials. CHAPTER TWO 2.0 LITERATURE REVIEWS The amount of literature that directly deals with an analysis of factors that determine tax revenue collected by government in Malaysia is fairly limited. Minea and Villieu (2009), in their research show theoretically that a tighter monetary policy should induce the government to improve institutional quality in order to limit the erosion of tax revenue. The model developed by them exhibits two interesting results. First, by finding an inverse relationship between the level of effort and the inflation target, the authors show that the lower the inflation target is, the higher the governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s effort in enhancing the quality of its institutions will be. In other words, by setting a lower inflation target, the à ¢Ã¢â€š ¬Ã…“supra-authorityà ¢Ã¢â€š ¬? encourages the fiscal authority to intensify its effort to implement a more efficient tax-collecting administration in order to recoup the loss of seigniorage revenue due to a tighter monetary policy. Effectively, a decrease in the inflation target reduces the interval in which governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s effort is minimal and increases the interval in which the effort in improving institutional quality is maximal. To conclude, it is important to note that the incentive of the government to improve the collection of tax revenue could be nonetheless diminished by a significant decrease of inflation rate. Huang and Wei (2006) extended the model developed by modifying the principal-agent setup and by incorporating an indicator of financial development and social welfare function. They conclude that, conditionally to the cost of institutional reforms, pursue a low inflation target encourages the government to increase the performance of its tax collection system. Therefore the adoption of Inflation Targeting in emerging countries is expected to exert a positive effect on tax revenue collection. Indeed, empirical literature has provided evidence that tax revenue is negatively affected by inflation, the so-called Olivera-Tanzi effect (Tanzi, 1992). This inverse relationship is usually explained by the fact that the real value of tax revenue is erode by inflation, since it exists for some tax categories a time-lag between the date of imposition and the effective collection of these taxes. Therefore, by theoretically maintaining inflation at low levels, and therefore by increasing the real value of tax revenue, Inflation Targeting may attenuate the governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s tax collection effort. Lucotte (2010), used a methodology suggested by Dehejia and Wahba (1999) which consists of dropping treated observations whose the propensity score is higher than the maximum or smaller than the minimum in the control group. The result shows that the estimated average treatment effect on treated (ATT) are all found to be positive and statistically significant. This suggests that, on average, Inflation Targeting has a quantitatively large and statistically significant impact on increasing public revenue in emerging market economies. This result largely support their hypothesis that the adoption of Inflation Targeting may encourage the government to improve the collection of tax revenue. Clausing (2007), analyze the impact of the size and the profitability of the corporate sector on revenues from corporate tax. The result of her regression analysis confirm that the share of the value added of the corporate sector, profit level GDP per capita and GDP growth have a positive impact on revenues from corporate tax, whereas the unemployment level has a negative impact. Kubatova and Rihova (years of study are not stated), found that all of their examined factors (GDP growth, inflation and unemployment) were statistically significant. Along with the growth of GDP comes the growth of revenues from corporate tax. Inflation also has a similar effect. Conversely, higher unemployment leads to a decrease of the revenues from corporate tax. Qazi (2010), in his paper attempts to search the determinants of tax buoyancy of 25 developing countries. He found that growth in import and manufacturing sectors have positive and significant impact on tax buoyancy which shows with the increase in growth of import sector tax revenue collection increases through import duties, tariff, sales tax on import stage and withholding income tax at import stage. Saeed, Ahmad and Akhtar (2010), have studied the impact of corruption index on the tax revenues over 27 developing countries and use annual data for the 2002 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2006 periods found that GDP per capita is positive but it is significance at 12 percent level. The coefficient of the ratio of exports and imports (openness) to GDP is positive but not significance at even 10 percent level. CHAPTER THREE 3.0 RESEARCH METHODOLOGY AND DESIGN RESEARCH DESIGN 3.1.1 Purpose of Study The purpose of this study is to determine the factors determinant tax revenue in Malaysia namely Gross Domestic Product (GDP), inflation rate, unemployment and openness. 3.1.2 Research Interference Most of the data used in this study are obtained from the secondary sources from various resources that have been analyzed. The data are collected from an internet resources. 3.1.2.1 Accuracy and Data Reliability Multiple regression analysis and a correlation research design are selected as the method of this study in order to investigate the variables that are associated with the problem. Two random variables are positively correlated if high values of one are likely to be associated with high values of the other and negatively correlated if high values of one are likely to be associated with low values of the other known as correlation. A statistical method used with one dependent variable and more than one independent variable known as multiple regression analysis. Thus, the accuracy and the data reliability of the data may partly depend on the published materials. 3.1.3 Study Setting Secondary data from various resources have been analyzed. Research here is a field study where it is non contrive setting with minimial interference. 3.2 DATA COLLECTION In completing this study, data is the most important thing needed. From the data collected, the researcher can make analysis and interpret the output to find out the result. Secondary Data It refer to the data collected by someone for some other purposes. The sources include census reports, organizational records, surveys and annual reports. This secondary data used by the researcher to gain the idea and information to develop the literature review and complete this study. 3.2.1.1 Internet and website Google Search The major sources that the researcher choose to find and gather journal that related with this study. This website are useful to the reasercher because help the researcher to gain the information about this study. 3.2.1.2 Library Research The researcher find the journal and books through the library reserach. Some of the information from journals and published materials can be used as references to the researcher to get a better picture of the situation. THEORETICAL FRAMEWORK INDEPENDENT VARIABLES GDP Tax Revenue Inflation Rate DEPENDENT VARIABLE Unemployment Openness Figure 1.0: Theoretical Framework Based on the figure 1.0 above, it shows the relationship between the dependent variable which is Tax Revenue and the independent variables that includes Gross Domestic Product (GDP), Inflation Rate, Unemployment and Openness (trade). All these independent variables will be test to determine the relationship among these independent variables and dependent variables. 3.3.1 Priory Relationship 1. GDP and Tax Revenue : if GDP increase, the total tax revenue collected by government will also increase. This two variable have a positive relationship. 2. Inflation Rate and Tax Revenue : if an inflation rate increase, the total tax revenue collected by government will decrease. This two variable have a negative relationship. 3. Unemployment and Tax Revenue : if unemployment increase, the total tax revenue collected by government will decrease. This two variable have a negative relationship. 4. Openness and Tax Revenue : if the degree of openness increase, the total tax revenue collected by government will also increase. This two variable have a positive relationship. HYPOTHESIS STATEMENT The purpose of the hypothesis statement is to illustrates which of the hypothesis is most affect the dependent variable. The hypothesis are: H0 : GDP is not statistically significant to affect tax revenue in Malaysia H1 : GDP is statistically significant to affect tax revenue in Malaysia. H0 : Inflation is not statistically significant to affect tax revenue in Malaysia H1 : Inflation is indeed statistically significant to affect tax revenue in Malaysia. H0 : Unemployment is not statistically significant to affect tax revenue in Malaysia. H1 : Unemployment is indeed statistically significant to affect tax Revenue in Malaysia. H0 : Openness is not statistically significant to affect tax revenue in Malaysia. H1 : Openness is indeed statistically significant to affect tax revenue in Malaysia. DATA ANALYSIS In this study, the data analysis need to be explained clearly. The data also consists of independent variable and dependent variable which is GDP, inflation rate, unemployment and openness . Pearson coefficient of correlation is used to the extent of relationship among different variables. All the data has been analyzed by using Statistical package Science for Social (SPSS) program. The data will be examine by: Beta analysia (Coefficient) To find out the relationship between independent variables and dependent variable. Does the relationship exist or not. Coefficient of Determination (R-squared) To know how well the independent variables explain the variation of the dependent variable in the regression. T-Statistic Identify significant relationship of each independent variable with the dependent variable F-Statistic Testing the significance of the overall independent variables with the dependent variable Standard Error of Estimation (See) The objective is to identify whether a particular variableis significant at a certain level of confidence. Multiple Regression Analysis TR = f ( GDP, Inf, Un, Op )This technique will focus on a relationship between a dependent variable and one or more independent variable. The regression analysis help the researcher to understand how the typical value of the dependent variable changes when any one of the independent variable is varied, while the other independent variables are held fixed. TR = a + b1 GDP + b2 Inf + b3 Un + b4 Op + Ɇº Where: TR = Tax Revenue GDP = Gross Domestic Product Inf = Inflation Rate Un = Unemployment Op = Openness The dependent variable in the above equation is tax revenue while the independent variables are GDP, inflation rate, unemployment and openness. Beta Analysis (Coefficient) Beta analysis is a measurement used in order to find out the relationship between independent variables and dependent variable does exist or not. Therefore, if the result is positive that means the independent variables can explain the changes in the dependent variable. Coefficient of Determination (R ²) The coefficient of determination is a statistic that will give information the goodness of fit of model. It is a statistical measure of how well the regression line approximates the real data points. Is a descriptive measure between zero and one, indicating how good one term is at predicting another. The value of coefficient of determination is shown below: Range of R ² Strength of relationship No relationship with dependent variable 0.1 to 0.5 Weak relationship between independent variables and dependent variable 0.6 to 0.9 Dependent variable is strongly explained by independent variables 1 Dependent variable ia perfectly explained by Independent variables T-Statistic T-statistic is used to determine whether the significance between the dependent variable and the independent variables exists or not. If the computed T-stat is greater than book T-value, the independent variable is statistically significant or vice-versa. In order to get book T-value, the degree of freedom should be culculated at a 95% confidence interval. The degree of freedom can be calculated as follow: Degree of freedom = n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1 Where: k = Number of Independent Variable n = Number of Observation The results for T-statistic: Accept H1, reject H0 If the computed t-statistic is greater than the book T-value at a 95% confidence interval. Reject H1, accept H0 If the computed t-statistic is lower than the book T-value at a 95% confidence interval. F-Statistic F-test is an overall test of the null hypothesis that group means on the dependent variable do not differ. It is used when comparing statistical models that have been fit to a data set, in order to identify the model that best fit the popultaion from which the data were sampled. F-test mainly arise when the models have been fit to the data using least squares. In order to get book F-value, it should be culculated at a 5% significant level. Formula for book F-value is as follow: Book F-value = FÃŽÂ ± (k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1, n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k) Where: ÃŽÂ ± = Significant level (5%) k = Number of Independent Variable n = Number of Observation k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1 = Numerator n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k = Denominator The result for F-Statistics: Accept H1, reject H0 If the computed F-Statistic is greater than the book F-value at 5% significant level. Reject H1, accept H0 If the computed F-Statistic is lower than the book F-value at 5% significant level. 3.5.6 Standard Error of Estimation (See) It is a measure of the dispersion of tthe data points from the regression line. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s objective is to identify whether a particular variable is significant at a certain level of confidence. Standard error can be measured in two ways: Using T-stat See = b t-stat Degree of freedom Df = n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1 It is also useful in determining the range in which the dependent variable will point to a specified probability. CHAPTER FOUR 4.0 DATA DESCRIPTION AND ANALYSIS This chapter focuses on the data description and result analysis. All the data collected in this study were processed using Microsoft Office Excel and the SPSS program. Microsoft Office Excel was used to describe the performance of dependent variable and independent variables. SPSS program was used to analyze the data from the correlation and regression analysis. The method was used to analyze the data was Multiple Regression Correlation Analysis. A multiple regression analysis involves more than one independent variable. The process of evaluating is the same with simple regression, but in order to derive the estimated regression, a computer is employed due to the complex nature of data and time required. The presentation of findings is made to examine the relationship among independent variables (GDP, inflation, unemployment and openness) and dependent variable (tax revenue). This study used Multiple Regression Method Analysis which is the interpretation of Regression Analysis includes Beta Analysis (Coefficient), Coefficient of determination (R-Squared), T-statistics and F-statistics. 4.1 DATA DESCRIPTION Dependent Variable Figure 1 Independent Variables Figure 2 Gross Domestic Product is the value at current prices of the total annual output of final goods and services produced in a country. .. Figure 3 Inflation rate is the percentage annual increase in the general price level, commonly measured by the consumer price index (CPI) or some comparable price index. . Figure 4 Unemployment rate is Figure 5 Openness is 4.2 INTERPRETATION OF DATA AND FINDINGS 4.2.1 Research Analysis From the data obtained, it shows the result of regression output as stated in Table 1 as follows: Table 1 Variables Constant GDP Inflation Unemployment Openness Beta Analysis -144980.369 13.481 1657.557 5860.522 -572.845 T-statistics 8.284 5.562 3.435 2.643 7.017 R-squared : 0.990 F-statistics : 358.696 Standard error of estimation : 6122.50419 4.2.2 Regression Equation From the result obtained, we can derive the regression linear function as follows: General function: TR = f ( GDP, Inf, Un, Op ) Multiple Regression Equation: TR = a + b1 GDP + b2 Inf + b3 Un + b4 Op + Ɇº TR = à ¢Ã¢â€š ¬Ã¢â‚¬Å" 144980.369 + 13.481 GDP + 1657.557 Inf + 5860.522 Un à ¢Ã¢â€š ¬Ã¢â‚¬Å" 572.845 Op + Ɇº 4.3 RESULT OF FINDINGS 4.4.1 Beta Analysis (Coefficient) Beta analysis is a measurement used in order to find out whether a relationship exists between the independent variables and the dependent variable. Table 2: The result of beta analysis Variables Beta Analysis GDP 13.481 Inflation 1657.557 Unemployment 5860.522 Openness -572.845 Beta analysis for Gross Domestic Product (GDP) From the results obtained, it shows that when GDP increase by 1 unit, tax revenue will increase by 13.481 units. The increase in GDP will raised the total tax revenue collected by government. It shows that this two variable have a positive relationship and consistent with the economic theory. This is because .. Beta analysis for Inflation From the results obtained, it shows that an increase of 1 unit in inflation can explain an increase of 1657.557 units in tax revenue. The increase in inflation will increase the total tax revenue collected by government. It shows that this two variable have a positive relationship and not consistent with the economic theory. This is because .support dengan LR. Beta analysis for Unemployment From the results obtained, it shows that when an unemplyment increase by 1 unit, tax revenue will increase by 5860.522 units. The increase in an unemployment will raised the total tax revenue collected by government. It shows that this two variable have a positive relationship and not consistent with the economic theory. This is because . support dengan LR. Beta analysis for Openness From the results obtained, it shows that when an openness increase by 1 unit, tax revenue will decrease by 572.845 units. The increase in an openness will reduced the total tax revenue collected by government. It shows that this two variable have a negative relationship and not consistent with the economic theory. This is because . support dengan LR. 4.4.2 Coefficient of Determination (R-squared) Coefficient of determination or R-squared measures what percentage of a change in the dependent variable can be measured or explained by the change in the independent variables. It is also explains the level of the explanatory power. If R-squared = 0 (no explanatory power) This means that none of the change in the dependent variable can be measured by the change in the independent variables. The estimated equation is useless. If R-squared = 1 (full explanatory power) This means 100% of the change in the dependent variable can be explained by the change in the independent variables. From the results obtained, it shows that R-squared is 0.990. This means that 99% change in the dependent variable can be explained by the change in independent variables. However, 1% can be explained by other variables. This means that the dependent variable is strongly explained by independent variables. Besides, it also has an accepted higher explanatory power by 99%. 4.4.3 T-statistic T-statistic is used to determine whether the significance between the dependent variable and the independent variables exists or not. If the computed T-stat is greater than book T-value, the independent variable is statistically significant or vice-versa. In order to get book T-value, the degree of freedom should be culculated at a 95% confidence interval. Degree of freedom = n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1 = 20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 4 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1 = 15 From the T-distribution table, the book T-value is 2.131 at 95% confidence interval level. Table 3: The results of T-statistic Variables T-statistics Findings GDP 5.562 2.131 Significant Inflation 3.435 2.131 Significant Unemployment 2.643 2.131 Significant Openness 7.017 2.131 Significant T-statistic for Gross Domestic Product (GDP) From the results obtained, the culculated T-value is higher than the book T-value (5.562 2.131) at a 95% confidence interval. H0 : GDP is not statistically significant to affect tax revenue in Malaysia. H1 : GDP is statistically significant to affect tax revenue in Malaysia. Therefore, we accept H1 and reject H0 because gross domestic product (GDP) is statistically significant to affect tax revenue in Malaysia. T-statistics for Inflation From the results obtained, the culculated T-value is higher than the book T-value (3.435 2.131) at a 95% confidence interval. H0 : Inflation is not statistically significant to affect tax revenue in Malaysia H1 : Inflation is indeed statistically significant to affect tax revenue in Malaysia. Therefore, we accept H1 and reject H0 because inflation is indeed statistically significant to affect tax revenue in Malaysia. T-statistics for Unemployment From the results obtained, the culculated T-value is higher than the book T-value (2.643 2.131) at a 95% confidence interval. H0 : Unemployment is not statistically significant to affect tax revenue in Malaysia. H1 : Unemployment is indeed statistically significant to affect tax revenue in Malaysia. Therefore, we accept H1 and reject H0 because unemployment is indeed statistically significant to affect tax revenue in Malaysia. T-statistics for Openness From the results obtained, the culculated T-value is higher than the book T-value (7.017 2.131) at a 95% confidence interval. H0 : Openness is not statistically significant to affect tax revenue In Malaysia. H1 : Openness is indeed statistically significant to affect tax revenue in Malaysia. Therefore, we accept H1 and reject H0 because openness is indeed statistically significant to affect tax revenue in Malaysia. 4.4.4 F-statistics F-statistic is used to test the hypothesis that the variation in the independent variables explained a significant portion of the variation in the dependent variable. The formula of book F-value is as follow: Book F-value = FÃŽÂ ± (k à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1, n à ¢Ã¢â€š ¬Ã¢â‚¬Å" k) = F0.05 (5 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 1, 20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 5) = F0.05 (3, 16) Numerator Denominator From the F-distribution table, the book F-value is 3.06. The culculated F-statistic is 358.696 3.06 that means all the independent variables (GDP, Inf, Un and Op) are said to be statistically significant. H0 : All the independent variables are not significant enough to affect total tax revenue collected by government in Malaysia. H1 : All the independent variables are significant enough to affect total tax revenue collected by government in Malaysia. From the results obtained, we accept H1 and reject H0 since there is significance for the overall model. 4.4.5 Standard error of estimation (See) It is a measure of the dispersion of the data points from the regression line. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s objective is to identify whether a particular variable is significant at a certain level of confidence. Standard error of estimation can be measured in two ways by using T-statistic and degree of freedom. It also useful in determining the range which dependent variable will point to within a specified probability. From the results obtained, the standard error of estimation is 6122.50419, which means the smaller the standard error, the closer the data points are to the regression line.