Legality And The Morality Of Insider Trading Finance Essay - Free Essay Example

Is insider trading ethical? Is insider trading illegal? Insider Trading phenomena is controversial and is bringing a lot of discussion around itself. Some of the opponents claim that its both not ethical and legal to use information, which is not putted into public knowledge, while other opponents argue that insider trading increases market efficiency and does not any hurt to anybody. During this paper I will try to bring topic closer to the reader by providing the reasoning of both parties involved in discussion. What Insider Trading states for? Who is an insider trader? It is hard to define insider trading due to complexity of the topic, however the most common definition stands for: Insider trading is illegal when transactions like buying or selling stocks, bounds or other securities are based on information that is not available to the general public. In other words, the inside information which is used by inside traders to influence their decisions before publishing this information to public knowledge, thus giving them an edge in making the best deals, whether to buy or to sell. This competitive advantage according to the law is illegal and according to some scholar it unethical. Insider informer can take any forms. One can be a member of a company and has stock in the company, and finds out that your company is going publicly bankrupt the next day. Or, quite the opposite, if a business was to be buying out a major competitor, knowing that information before it was publicly announced would also be insider information. Paying someone to be a n informant from a company is also considered as insider information and again is illegal. Insider traders are usually defined as companys officers, directors and any beneficial owners of more than ten percent of the companys equity securities. However, American law is not limiting anti insider trading law only to these people. In the understanding of this law, any person who trades shares based on material non-public information in violation of some duty of trust. This duty may be imputed; for example, in many jurisdictions, in cases of where a corporate insider tips a friend about non-public information likely to have an effect on the companys share price, the duty the corporate insider owes the company is now imputed to the friend and the friend violates a duty to the company if he or she trades on the basis of this information. Insider trading legal aspects. Insider trading was not always illegal. First regulation in the USA appeared only in 1929 when the USA Congress passed the laws limiting insider-trading acts, and created the Securities and Exchange Commission to enhance market oversight. Since that time much of the development of insider trading law has resulted from court decisions. Nevertheless there is still a legal dilemma about insider trading as for example: the law prohibits these insiders from trading on this information until the information is made public. But even then the definition of what is made public may not be what one thinks. Lets assume that a person working for a company on a proposed merger with another company happens to mention it to a friend who works for a newspaper or news broadcaster who then publishes the information. Has it then become public such that everyone is now free to trade in the securities? No. There are also strict interpretations on this subject. The information has become public when the company officially publishes the information by filing it officially with the appropriate authorities, meaning the Ministry of Finance. The other alternative is for the company, itself, to arrange its publication in two public media such as newspapers, TV broadcasts, etc. Even then, individual has to wait until 12 hours after it is made public. America has been a pioneer in criminalizing insider trading, but nowadays regulations, which prohibit this phenomenon, are present in law legislation in most of the countries all over the word. As example: In the UK, the relevant laws are the Criminal Justice Act 1993 Part V Schedule 1 and the Financial Services and Markets Act 2000, which defines an offence of Market Abuse.  [1]  Just like in American law, it is also illegal to fail to trade based on inside information. The principle is that it is illegal to trade on the basis of market-sensitive information that is not generally known. No relationship to the issuer of the security is required; all that is required is that the guilty party traded (or caused trading) whilst having inside information.  [2]  In comparison in Japan first law against insider trading appeared in 1988 but even now as Roderick Seeman claims that: many Japanese do not understand why this is illegal. Indeed, previously it was regarded as common sense to make a profit from your knowledge.  [3] Insider trading Ethical Dilemma. Even with existing laws and regulations, ethical dilemmas still exist and the laws are sometimes vague. When we analyze insider-trading phenomena, we can ask ourselves the question what is wrong in taking good luck and opportunity to advance in business and profit? I would answer NOTHING, except the fact that it is an illegal act. That is why some economists and authorized scholars, like Henry Manne, Milton Friedman, Thomas Sowell, Daniel Fischel, Frank H. Easterbrook argues that laws, which makes insider trading illegal should be cancelled.  [4]  They claim that insider trading based on non-public information benefits investors, as well, by more quickly introducing new information into the market and in this way speeds up market efficiency, which is a benefit for all parties. Moreover according to some economist such control over the stock market is too much government regulation in the stock market, and in same way is harmful to capitalism. Henry Mann, argues that the legi slation has not stopped insider trading from happening, and that legalizing it is a sensible solution to the improper regulation that ultimately hurts the market. He also claims that if insider trading is allowed, it will allow stocks to show its actual worth, rather than have the price tempered by waiting for the information to go public.  Ã‚  [5]  Another great economist Milton Friedman, laureate of the Nobel Memorial Prize in Economics, said: You want more insider trading, not less. You want to give the people most likely to have knowledge about deficiencies of the company an incentive to make the public aware of that. Friedman did not believe that the trader should be required to make his trade known to the public, because the buying or selling pressure itself is information for the market.  [6] This brings me to another critical issue. Does the fact of possessing information bring necessary any value? No, because to act on any piece of information requires interpr etation of that information, which in turn requires a large number of other pieces of information. Lets imagine that for example Apple announced that that its Q4 profits have raised by 45 percent. This doesnt really tell anyone how to perform it in the market for Apple securities, whether to buy or sell. This requires additional general knowledge about IT market, the profits of other IT companies and Apple main competitors future actions plan and so on. Only if we add to the Apple announcement information about Microsofts profits, which let says, could have raised by 100 percent, we can draw father conclusions. So any single piece of information about a company, however critical it may be to that company and its future, does not in itself provide clear instruction to the investor. Action requires interpretation, which requires wider knowledge. Many market theorists have argued, that insider trading enhances market efficiency, smoothes price volatility and reduces the likelihood o f price shocks arising from unexpected events.  [7]  On the other hand, when we think about illegal aspect of these phenomena it is hard to not agree that providing information which are not public to the everyone knowledge introduce the problem of the fairness. Fairness which in these case would hold that in a fair market, all parties have equal access to information relevant to asset valuation, but entitled to nothing more.  [8]  So in this situation insider trading is perceived as an unfair act, it causes some injury to specific traders or potential traders, or because it causes investors as a whole to lose confidence in the securities markets. To illustrate, assume that insiders are aware of negative information regarding Alpha Corporation that, if disclosed, would cause the current per share market price of Alpha stock to drop from $25 per share to $20 per share. Prior to public release of the information, Alpha insiders sell Alpha stock on the basis of this negative in formation, reducing Alphas price to $23 per share. Some outsiders will undoubtedly sell at $23 and could thus legitimately claim to be $2 per share poorer than they would have been absent insider trading. A corresponding number of investors, however, will purchase at the more correct price of $23 per share, making them better off than they would have been in the absence of insider trading. Although the $23 per share price is higher than the $20 per share price that would have prevailed if the insiders had been forced to reveal their secret information prior to trading, this harm is attributable to the lack of a general duty to disclose material non-public information under the federal securities laws and not to insider trading.  Ã‚  [9] This example touches another critical issue in the insider trading discussion like stock price manipulation phenomena. We can imagine the situation where insider traders manipulate investors by releasing fails information about company in o rder to move market prices away from their fair values and take financial benefit from it. As the last, insider trading also violates the duty of trust or confidentiality that one individual or business entity owes to another. This causes loss in confidence in the securities markets. People fear that insider traders regularly take benefit at their expense, which lead to decrease people in willingness to invest. In this case raising new capital would be more costly for companies whose securities were harmed by insider trading. Hence, all else being equal, insider trading makes it harder for companies to raise money when opportunities to undertake new projects arise. Conclusion For sure there are no clear and easy answers to the question of regulating insider trading. Insider trading may have benefits for both the company and the capital market under certain conditions. As was presented above insider trading can positively influence the market effectivness Henry Manne Insider Trading and the Stock Market. However, the arguments against regulation show a certain ambiguity and doubts of regulators are proven. Even though scholars often argue that fairness considerations do not carry much weight, the personal feelings of the individual investor and his confidence in the integrity of securities markets must be taken into account. Although insider trading can have positive effects for the firm and its wealth, as the arguments of deregulators show, it also bears several severe risks. The costs seem to outweigh the benefits.  [10]  Therefore, it is correct to prohibit insider trading by a mandatory regulation.

An Analysis of Literary Devices That Works Well With Your Own Voice

<h1>An Analysis of Literary Devices That Works Well With Your Own Voice</h1><p>As an essayist, you have without a doubt seen that diagnostic of scholarly gadgets that works best with your own voice is one of the most significant components to be fruitful. It is the establishment to a solid, balanced composing style. Numerous scholars are regularly enticed to abuse these artistic gadgets in their work, bringing about solid composing that is frequently dull and repetitious.</p><p></p><p>You will need to study and execute the methods that have worked for you in your example paper. In the event that you wish to improve your capacity to dissect artistic gadgets, there are a lot of assets online that can help you through this procedure. The most ideal approach to turn into a progressively fruitful author is to contemplate those strategies that have worked for you in the past.</p><p></p><p>You can likewise utilize an example exposition as an instrument to help dissect artistic gadgets. An examination of abstract gadgets that function admirably with your own voice can significantly affect your capacity to write in any case. In case you're the kind of author who likes to abuse abstract gadgets, it might be valuable to consider a paper with increasingly scholarly gadgets remembered for the content.</p><p></p><p>Often, essayists get sluggish with regards to examining artistic gadgets. Rather than getting capable around there, they just abuse them. For instance, rather than expounding on a particular circumstance, you may wish to consider looking into and expounding on various circumstances. The capacity to examine abstract gadgets will get through the way that you can undoubtedly catch the tone and feel of a wide range of sorts of situations.</p><p></p><p>With an investigation of scholarly gadgets that function admirably with your own voice, you can turn into the essayist that everybody needs to peruse. You'll see that you can make diverse artistic gadgets work for your very own style. It will require some investment to examine your composing style and how this style has been effective for you to turn into the author that your crowd appreciates reading.</p><p></p><p>When you're chipping away at your whole exposition, you'll need to invest some energy in dissecting scholarly gadgets that function admirably with your voice. One incredible instrument to utilize while doing this is test exposition tests. You can undoubtedly utilize this to distinguish any zones that you have to take a shot at and join into your own essay.</p><p></p><p>By considering an investigation of scholarly gadgets that function admirably with your own voice, you can turn into the author that perusers appreciate perusing. Your trust in your composing will develop, as will your energy to catch the tone and feel of a wide ra nge of circumstances. Investigating scholarly gadgets will likewise assist you with turning into an all the more intriguing and drawing in author, just as an all the more testing and engaging writer.</p><p></p><p>A test article is a viable method to start to build up this aptitude. The capacity to break down scholarly gadgets will be a positive part of your general composing style. Examining different papers that contain artistic gadgets will assist you with turning into a progressively capable essayist in a brief time of time.</p>

The Honest to Goodness Truth on Active or Passive Voice in Research Papers

The Honest to Goodness Truth on Active or Passive Voice in Research Papers The shirking gets significant when the full archive is made on the grounds of inactive voice sentences. A few types of records need dynamic voice sentences. In such sentences, plainly the specialist is doing the dissolving and titrating. There are two or three guidelines to remember while changing sentences from dynamic to inactive structure. There isn't any space for broadened sentences in scholarly examinations. Every now and then, the use of the contrary voice can turn the noteworthiness of a sentence with the large move. The person who does the activity, conceivably the most significant component of the sentence, isn't referenced. The Fight Against Active or Passive Voice in Research Papers All our records are lost. Furthermore, it is conceivable to discover some stuctures in English which aren't conceivable in certain dialects. English is spoken in the US. English is spoken inside this shop. Punctuation is contemplated online by certain understudies. A few understudies study sentence structure on the web. Know that using the third individual point of view is vital when it has to do with scholarly composition, in case you're not composing a reflection. The scholarly paper contingent upon the data and realities is called Descriptive Research Writing. Worldwide showcasing and promoting technique exposition. Gay segregation at work article. What is Actually Going on with Active or Passive Voice in Research Papers Once you have the outcomes, the rest of the piece of the tasks occur totally inside your web program. It needs to get devices that empower you to include content from the net, it needs access to formats which make record creation simpler, and it needs devices that may check your work for botches. The device can do the rest of the piece of the activity itself. 1 normal device is named Grammarly. Every once in a while, aloof voice is gainful. It is conceivable to change into inactive or dynamic voice in several ticks. The uninvolved voice is commonly progressively extraordinary. Th usly, it is a suitable decision, in spite of the fact that the dynamic voice would not be wrong. It's occasionally fundamental to utilize the uninvolved voice to put the most basic data toward the beginning. In this way, it's satisfactory to utilize the inactive voice when it's required. Uninvolved voice is regularly wordier, yet could at present be useful in some particular circumstances. Utilizing the dynamic voice inside this section would adjust the tone of the entry and make very different message. Inside this occasion, the speaker is unconscious who took the phone and wallet, making the use of the latent voice fitting. There isn't a choice of procedures to revise any mix-ups related with dynamic or uninvolved voice. It's additionally judicious to understand the in the middle of gainful rather than idle manner of speaking inside records. A Secret Weapon for Active or Passive Voice in Research Papers The inactive voice, on the other side, stresses the individual or article getting the activity. For example, utilizing the latent voice might be an excellent method to prevent from allotting duty regarding work or issue. For example, on the off chance that you intentionally wish to conceal the operator or in the occasion the specialist isn't generally pertinent, use the detached voice. On the off chance that the specialist isn't known. You may go for a reasonable proposal and can improve your writing in a matter of moments. Checking anything else than a part at one time seems, by al l accounts, to be unreasonable to me, however should you truly want to complete a few sections simultaneously, proceed. From 1 controller to an alternate research paper. Peruse these models. Fortunately it's an exceptionally straightforward issue to have the Spelling and Grammar checker search for uninvolved voice, and that implies you can basically hold fast to the bearings beneath to consolidate that search when you run the instrument. A URL to the genuine worksheet is likewise on the site page. Before utilizing a fragmented sentence checker, you must know about the assortments of scholastic papers. Check your preferred word handling instrument's documentation to find the spelling and language structure checking choices you need to utilize.

Research Paper Topics - How to Find Popular Topics

Research Paper Topics - How to Find Popular TopicsSelecting a topic for your high school research paper is the most important part of writing. Even if you know exactly what topic you want to write about, you still need to find out which topic is actually popular among high school students and has enough potential readers for you to succeed. A good idea would be to go online and look for topics that are already popular with high school students.A good topic for a research paper is one that has enough students who are interested in it. There should be something that is a little different about it, and there are several different ways to go about finding a new subject. You could ask your parents what their opinion is on a topic. Most parents would agree with you if you think about it.Another way would be to ask a couple of friends or classmates what they would do if they were in your position. Some people would tell you that they would try a new hobby, others would mention things that i nterest them, and some would say that they would try to get involved in a topic that interests them. By asking other people you may get a better idea of what topics they like to read about. Of course this will depend on what topic that they are looking at. However, if they tell you that they don't particularly have a favorite topic, that is a good sign that it probably isn't a good choice for you.Asking your students what they like to read about is one of the best ways to choose a topic. Also you should ask your students what topic they have already been studying. Sometimes students who haven't studied a particular topic might have an idea of what is popular in that subject. You should also check out any research studies that you can find. In fact, if you take a look at some of the research on certain topics you will probably find something interesting that you can use as a topic for your own research paper.One of the first steps when writing a high school research paper is to do so me research. The research that you do will determine whether or not the topic will be successful or not. Do not just guess about anything just because it sounds popular. This will not only make you look foolish, but it will also cost you time and money that you can put into other things.You should do the best that you can to find a topic that will be popular. It can be time consuming, but it is a great way to find out what the best topics are. You will need to spend some time doing this, but the payoff is that you will have a topic that you can use to write your research paper on.When you finally find a topic that you can use, it is time to find a good topic writer for your research paper. You should find someone who can do all of the legwork for you. The research writer can write the research paper, so that he or she can spend some time looking for good topics that are already popular with students.When you look for a topic for your research paper, you want to find one that is popu lar. There are many sources to find this information, and the best part is that it can be done by doing your research!

SAT Essay Practice Writes Video

<h1>SAT Essay Practice Writes Video</h1><p>Using a video exposition composing programming is an extraordinary method to work on composing your article for your SAT. On the off chance that you resemble me, this will be the principal thing you do when you start your last semester. It will give you an incredible inclination to place in the entirety of your difficult work and truly ensure that you get it directly on that test.</p><p></p><p>There are such a significant number of various feelings on what is the most ideal approach to read for the test. I am not one to push a specific technique. I will concede, however, that I have discovered that plunking down and composing two or three expositions truly encourages me. What do I mean by that?</p><p></p><p>I regularly watch the SAT on the web or the SAT Prep recordings and watch how they approach their assignments. Following half a month, I can tell when they are not followin g the headings and the amount of an effect that has on them. Some of the time it is terrible to the point that I quit viewing those recordings and simply get out my notes.</p><p></p><p>This is extraordinary for me since now I can investigate what I fouled up and what the thing that matters was. You can see precisely what you did that made you come up short and what you did that got you through. Thus, I can improve my exhibition on that test and presumably show improvement over before.</p><p></p><p>Some individuals express that the most ideal approach to work on composing for the SAT is to take a training test that is like the one you will be taking. I oppose this idea. I need to ensure that my 'article' will be not the same as one test to the next.</p><p></p><p>Another approach is to plunk down and expound on a circumstance from your life that might be somehow or another identified with the test. This is somethi ng that I did when I was attempting to choose whichSAT video I should use for my expositions. It helped me choose if I should purchase the VCD or not.</p><p></p><p>These are only a couple of approaches to get ready for the SAT. Whatever strategy you pick, simply ensure that you are doing it right with the goal that you don't get worried or uncertain of what to do.</p>

Research Paper Topics For Anatomy

<h1>Research Paper Topics For Anatomy</h1><p>There are a few things you can do to examine paper subjects for life structures. Toward the finish of this article you will find increasingly about the methods to use.</p><p></p><p>Just like when you are concentrating any subject, ensure you are doing the examination from a similar spot that the subject is being contemplated. That way you are not befuddled in the psyche of the analyst. It is likewise a smart thought to look into the subject before you really go to the site. Find out about the point on an internet searcher and see what others have discovered. You ought to likewise set aside the effort to find out about the data that is on the web, this incorporates viewing how individuals have expounded on it.</p><p></p><p>You may likewise be keen on looking into some intriguing things about the subject. On the off chance that you do this, you may discover increasingly about the historical backdrop of the subject and how things have changed. This is something that will help you when you are composing your examination paper themes for anatomy.</p><p></p><p>One of the least demanding approaches to look into paper points for life structures is to do some exploration regarding the matter. These days it is anything but difficult to track down data on nearly anything you wish to think about, including anything identified with anatomy.</p><p></p><p>You can utilize the net to assist you with discovering data on life structures. You can get thoughts for subjects for your examination paper themes for life systems from the net or maybe utilize the assets that are accessible at the web. Doing a tad of research on any theme will help you when you are composing your exploration paper points for anatomy.</p><p></p><p>If you find that you are not having a great deal of karma with the online assets, you can have a go at heading off to the library and utilizing a library card. This is a good thought since it is free, and numerous libraries offer free card on the internet.</p><p></p><p>If you need to explore paper subjects for life structures at that point attempt a portion of these strategies first. It may merit a try.</p>

Information gathered can confirm if transactions are fraudulent - Free Essay Example

Sample details Pages: 6 Words: 1937 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Did you like this example? Another advice that Dr. Mitchell can give to the caller is to arrange another meeting with senior executives of the firm. She should tell them about her concerns about improper transactions included in financial statements. Don’t waste time! Our writers will create an original "Information gathered can confirm if transactions are fraudulent" essay for you Create order She should emphasize the GAAP sections which deal with revenue recognition. She should also tell them about the repercussions of reporting fraudulent transactions. The consequences would be extremely harsh and all the senior executives could face heavy fines, even possible jail time, and the company can go bankrupt. The company may face litigation from various creditors and due to no financing sources available, may even go bankrupt. The last advice that Dr Mitchell can give to the caller is to immediately consult with a lawyer. Since producing and submitting fraudulent transactions has serious legal implications, the advice of a law professional can be helpful since they have experience in dealing with these matters. The lawyer can also provide guidance on how to immunize her from litigation. (b) Even if the senior executives repent and correct their mistake, Dr Mitchell should advise the caller to ultimately resign from her position at the company. This is because the caller has evidence incriminating senior management and even if that information is published at a later date, it could seriously taint the managements integrity in accounting matters. If she continues to work at the company, and if these matters are raised at a future date, association with these executives could tarnish her professional reputation. Even if she faces hardships by resigning her positions, the long-term effects are surely beneficial since she will not be working with a management which has flexible views on ethics. (c) The risk of resigning immediately would be that she would not have access to the evidence about these fraudulent transactions. Obtaining that evidence is important especially if the company decides to sue her for fraudulent financial reporting at a future date. Her first task when reaching the office would be to obtain evidence of these transactions. (d) The state board of accountancy may prove to be an important help to the caller. Probably the board h as guidelines on how to deal with such situations from prior experience. Also, the caller may be able to discuss her situation with an accountancy ethics expert and obtain more advice on the situation. Question 2: Even though the caller is sure that the company is obtaining financing from the bank through fraudulent ways, Dr Mitchell may suggest to her that going to the bank immediately poses other kinds of risk. Since the senior executives are responsible for giving the bank their financial statement, it is their duty to ensure that there are no material misstatements in the financial records. The caller is aware that these records may contain inflated balances from the period. The risk is that if the transactions actually turn out to be valid, and if the caller informs the bank that they are not, the caller would be responsible for giving misleading information that harms the company. This would result in her being fired from the company, and possibly the company suing her for defamation. So it is very important that the caller be convinced in every way possible that the financial statements are materially misstated. She should be confident of these transactions before reporting to any outside entity. When she is confident about the misstatements, she can contact the bank, although it would be advisable for her to consult legal counsel before any such actions. On part of the bank, her not signing the financial statements should be detected in the internal control. Since a controller not signing financial statements is likely a big issue, the bank should investigate the companys accounts and should also start interviewing management about reasons why the statements are not properly authorized. Question 3: (a) The caller should likely consult with the state board of accountancy on whether there is a legal requirement for her to notify any third parties of what has happened. She should then follow their advice on whom to contact. However, if there is no such requirement, the caller does not face any legal repercussions for not contacting anyone else with information about these transactions. However, it is always better to also consult an independent lawyer in addition to the state accountancy board to completely ensure her immunity. (b) The external auditor should only be notified after the caller has consulted a lawyer. The eternal auditors can help to convince the company that they are deliberately misstating the companys financial statements. Also, the external auditor may recheck if the previous years accounts contain any material misstatements. This investigation will lead to auditors higher skepticism when dealing with the company next time. They may even go through the enti re backlog of previous audits to ensure that there were no material misstatements. However, it may even lead to the auditor to resign since they do not want a client with such high Audit risk. Question 4: (a) Even though the media in this decade has been full of headlines of accounting malpractice, it is really difficult to put an exact number on the prevalence of accounting malpractice. Some famous cases include Enron and Arthur Anderson, WorldCom, Tyco, etc. In 1999, a COSO study was released highlighting fraudulent reporting in the previous decade. This report was called Fraudulent Financial Reporting 1987-1997: An Analysis of US Public Companies. To the surprise of many people, the report stated that there were only about 300 cases of fraud in the corresponding decade. This number is quite low when one considers the amount of publicly traded companies in the US. However this is limited to public limited companies only and also because the Securities and Exchange Commission (SEC) has very limited resources. Almost 50% of fraudulent companies involved a situation like the one above where revenue recognition criteria were not followed. So this is quite a common method of committing fraud. Because of this, the AU requires that external auditors assume a risk of fraud causing material misstatement when evaluating financial statements. (b) Senior executives who face undue pressure to meet the expectations of different stakeholder may try to projects these pressures upon employees to help meet those targets expected by the stakeholders. Senior executives may even commit fraud to continue meeting expectations of stakeholders. The status of senior management can be used to pressure lower level employees to commit fraud. Threats usually employees are job loss or denial of promotions to employees unless they accept to be a part of managements fraudulent schemes. Also, the experience of senior employees may cause lower level employees to think that they are safe from prosecution as these techniques have already been tried. Also, if junior employees may not know the full picture, they can be easily lured into committing illegal frauds by management. (c) The best method junior employees can use is to stick with the IAS or GAAP as the basis for any activity or reporting. The same with this case where the caller was concerned that her employers were not meeting GAP criteria. Thus, the employee cannot be blamed for not doing transactions which do not abide by IAS or GAAP criteria. This also gives senior employees no justification to carry out recording which goes against established standards. Question 5: The senior executives of the company where the caller worked faced many incentives which made them give out materially misstated financial statements. Because it is a start-up company, executives face intense pressure to get the business to become a profit making enterprise and establish itself as a serious competitor in the marketplace. This company had been operating at a loss for a while and facing a huge cash shortage. Also, the bank had halted all credit until the quarterly reports could be produced. So there were a large number of pressures the management was facing and it gave the, the incentive to commit fraud. When they had so many incentives, they took advantage of some of the opportunities to commit fraud. Because these are interim and not period end reports, they were not audited by an external auditor. This gave management a huge opportunity to engage in fraud for the first quarter since there was no external investigation or audit. Also, because the company is smal l, the management could influence the clerks to commit fraud. Also, the fraud could have been easily perpetuated due to a lack of sophisticated control systems. And since the caller was gone for some days, it prevented management with a rare opportunity to get fraudulent accounting entries in to the system. Attitude was another condition that the management displayed when perpetuating fraud. They also showed a complete and utter disregard towards the importance of fairly presented financial statements. They used rationalization that everybody does it and accused the controller of being too high-minded and an idealist. They also commented on the controller lack of practical experience tried to rationalize it to the controller. But their overall main rationalization was that most companies do commit accounting fraud, and they shouldnt be the exception. Question 6: To record a transaction, SAB 101 states that the following criteria are required for GAAP: Evidence of an arrangement to exchange goods or services Earnings process should be complete. This means that the company has provided the product and a credit or cash payment has been made The money to be received can be measured reliably Collection is reasonably assured. The caller had said that none of these criteria were there to record the transactions. There was no arrangement to exchange goods and services, no goods were provided or cash or credit received. Consequently there was no way to measure revenue. And there was no possible assurance of collection since no transaction was agreed upon by any two parties. Question 7: (a) In this case, management had recorded revenue and debited accounts receivable when no purchase order was placed for those goods and no goods were shipped out. There were no actual customers. Thus, if recorded, these posting would not confirm to the occurrence assertion in the financial records for sales transaction. If we reference AU 326, the occurrence assertions tests whether the transactions recorded actually happened and whether they are done by the company. So there would be no occurrence assertion for these transactions. As there were no orders placed by customers to the company in the case, there obviously had been no shipping to these customers by the company. And since there was no shipping of these goods, there was no arrangement of any kind between customers and the company for exchange of cash and goods. (b) There are many audit procedures which can detect this kind of fraudulent records. The easiest and most straightforward way would be to send confirmation to these customers to verify that these transactions had indeed occurred. Customers would have probably exposed the proper amounts they owe to the company as accounts receivables. Also, they should show if these transactions were prematurely recorded or not. Another audit procedure would be to analyze the supporting documents of these recorded transactions. For example, select a sample of transaction from the Sales Journals, and check if there are supporting documents verifying the amounts. These can be, but are not limited to, the customers purchase orders, shipping documentations and acknowledgment of receipt of goods. There are also analytical procedures that can be used to check the occurrence of these transactions. This can be done by comparing this quarters data to previous quarters and measuring the discrepancies between quarters. Other comparisons can also be used; but some might only have a limited affect in ensuring occurrence of these transactions.

Essay Topics: Senior Essays

<h1>Essay Topics: Senior Essays</h1><p>Senior English expositions are harder than junior papers. There are a lot more components engaged with composing a senior paper, including the subject, the structure of the exposition, and numerous different variables. These are terrifically significant when composing a senior article, however it's anything but an occupation that can be taken lightly.</p><p></p><p>The first activity is to know your points. It is essential to begin on the theme, as it will establish the pace for your paper. Not all points are incredible for senior articles. You should invest some energy examining various themes, and select one. Pick subjects that you definitely think about, or that are anything but difficult to research.</p><p></p><p>Writing a senior paper requires a decent point. You can decide to have another person compose the theme for you, however it might occupy a lot of time. In the event th at you are keen on composing a subject yourself, consider picking a point that you are as of now acquainted with. A few subjects that may function admirably for senior papers include: history, life, connections, love, religion, travel, culture, food, sports, etc.</p><p></p><p>Once you know your point, you can begin considering how to compose the exposition. A few subjects can be hard to compose. Others are a lot simpler to compose. Contingent upon the theme, you may need to remember bunches of models for request to make the focuses you need to make.</p><p></p><p>Writing expositions is likewise about structure, and senior article subjects frequently require great structure. A few subjects require an exposition, while others don't. Remember that an exposition is significantly more organized than a novel. Senior expositions are unquestionably harder than junior papers, so try to follow the correct format.</p><p></p><p >For a few points, structure is required, while others are simpler to structure than youngsters. Senior exposition themes can incorporate considerably more detail than junior papers and along these lines require more structure. There are a few rules that you can follow, including the various kinds of sentences, sections, and different components. Structure for senior papers can be as straightforward as keeping a couple of rules, or as intricate as following the whole structure of a novel.</p><p></p><p>Essay points are so significant, and senior exposition subjects are much more so. The time you put into investigating a point will take care of when you get an incredible evaluation and discover you composed an extraordinary senior paper. Remember that most understudies discover junior papers simpler to compose, so in case you're now experiencing difficulty composing the senior papers, you might need to take a gander at the youngsters instead.</p><p& gt;</p><p>Finding the correct themes for your senior article points isn't troublesome. It just requires some investment and thought. Furthermore, recollect, in the event that you need to compose a decent senior paper, it should be a theme that you know about. It's likewise critical to consider the structure of the exposition, just as the kind of sentences, sections, and other elements.</p>

Essay Writing Site with Kittens While You Type - the Story

<h1> Essay Writing Site with Kittens While You Type - the Story </h1> <h2> Essay Writing Site with Kittens While You Type - Dead or Alive? </h2> <p>This is an open door for you to be imaginative. Every single word you compose ought to be an extremely clear way and should prompt your last point. It's amusing to endeavor to keep on streaks and the focuses are a way to mess with that. On the off chance that you prepare, you will be in a situation to get enough criticism from your relatives, companions, and instructors, as well. </p> <p>Dogs must be let outside or gone for on strolls a few times regularly as an approach to utilize the bathroom. The canines require a great deal of room, on the grounds that a considerable lot of them are colossal and like playing with each other, while the felines are totally satisfied with insignificant space. Felines don't regularly eat as much as mutts yet at the same time should get took care of two times each day. What's more, they can prep themselves so they don't need to be washed all the time. </p> <p>Always be sure to examine the survey my exposition segment of any composing administration site you're considering utilizing. Our administration is a perfect answer for you. Distinguish the highlights that have made the particular music one of a kind. In the event that you have settled on the choice to stop by our site, you've made the perfect choice. </p> <p>This composing business can give a wide assortment of administrations, which as an understudy you may require in your scholastic profession. Hence, you should ensure your paper is altered and edited appropriately. It's actual, you should adhere to the rules in your task. This administration highlights help to those that are battling in their investigations. </p> <p>If you get another and charming edge you need to move toward the article from, at that point do it. You should simply handle each piec e as you come and you will before long discover the article fabricate. The best technique to make an exposition is to arrange for what you will compose before hand. It is difficult to create a paper that would be perfect from each point. </p> <p>If that is the situation, maybe those perspectives are those that should be introduced in your paper. While scanning for an individual to create your paper, having somebody who's a specialist take a shot at it's fundamental. That gives you a decent arrangement of references by the end of the exposition which ordinarily implies you'll have done a lot of research without acknowledging it. We'll require this data to get in touch with you at whatever point conceivable while taking a shot at your paper or whenever the work is as of now done.</p> <p>After you have done that you would then be able to make the end. It is a significant issue for some since they discover it somewhat testing to make an extraordinary exposition would fulfill their teacher's prerequisites. Utilizing a composing administration is the best way to have an elegantly composed article to use as a rule to ensure the papers you compose are hitting all the vital focuses and are at the proper profundit y required for your scholastic evaluation. Word determination, right introduction of the realities where required and no copyright infringement could be gainful in contributing towards the attribute of the essay.</p> <p>The increasingly nitty gritty your portrayal is, the bigger the chances are that you will get an article that absolutely fulfills the needs of your educator. There are bunches of points that you can choose from when you begin to form your pet paper. Thoroughly analyze expositions are a decent way to develop your insight on two subjects. A compelling exposition requests the essayist to shock down the entirety of the basic focuses in such a way, that the peruser wouldn't lose his advantage. </p> <h2> The Lost Secret of Essay Writing Site with Kittens While You Type </h2> <p>Although there are loads of likenesses and contrasts, we'll focus on simply this one for the enthusiasm of giving a model. In your Venn chart, you'll have a few focuses and models from the 2 subjects. For example, in case you're looking into two books, you should have a look at how the two stories and the characters inside them relate with respect to a particular subject. Become fami liar with the best approach to make a thoroughly analyze layout. </p>

New Questions About Honors Society Application Essay Sports Samples Answered and Why You Must Read Every Word of This Report

<h1> New Questions About Honors Society Application Essay Sports Samples Answered and Why You Must Read Every Word of This Report</h1> <h2> Want to Know More About Honors Society Application Essay Sports Samples? </h2> <p>Other schools may might want you to form an additional paper that is explicit to that school. The article for Florida state college isn't required, yet it's profoundly prompted. Hence, it isn't only the ideal spot for me, it is the main spot for me. Up and coming understudies may likewise be mentioned to form a school exposition for a bit of their first prerequisites. </p> <p>If you wish to make a school article which works, you should give significance on the substance which you will give the confirmations official of your proposed college with. At the point when you begin to make your school application exposition, consider all the things which make you the individual which you're. Because you've just composed a school article for a solitary college doesn't imply that it might likewise apply on your next applications. Building up a stunning school paper may lose its motivation in the occasion the substance of what you've composed isn't what the college is requesting. </p> <p>Once you conceptualize, you are going to recognize what you might want to state, however you need to conclude how you're probably going to state it. Guide out what you're probably going to compose by making a blueprint. There are a couple of things you can do in your article to be seen and get acknowledged. There's no spot progressively imperative to produce an incredible initial introduction than on paper. </p> <h2> The Honors Society Application Essay Sports Samples Stories</h2> <p>For case, if the organization school mentioned a DOC, that is the thing that you have to send. For instance, a clinical school candidate ought to investigate the ability to work pleasantly with others and exceed expectations ahead of time science courses. On the off chance that you have settled on the choice to apply, at that point you need to hope to discover more on the affirmation technique, to assess your probability for entering the program. The IB program is very hard and takes a lot of endeavors and time. </p> <p>Most schools additionally grant you to send in a paper program, which hypothetically gives you expanded power over your exposition designing. Right, it's tied in with making sense of how to make an application exposition. The Honors Program application needs a lot of certain article inquiries alongside the pa pers required for the general application to GW. It offers a serious application process. </p> <p>Include data with respect to how you will development. These guidelines will furnish you with some supportive indications on the most ideal approach to form a distinctions application exposition. The individual explanation is among the most significant pieces of the application. It is where you get an opportunity to include a distinctive fixing that makes your application one that can't be cannot. </p> <h2>Ok, I Think I Understand Honors Society Application Essay Sports Samples, Now Tell Me About Honors Society Application Essay Sports Samples! </h2> <p>The term of your paper isn't what colleges look for. When you figure out which schools require which papers, you can choose the exact number of unique expositions that you'll really ought to compose. Before you begin composing your expositions, you will need to affirm the length prerequisites on the papers for all your objective schools.</p> <p>Your paper should be one of a kind. At the point when you feel that it is completely completed, you're set up to edit and design the exposition. On the off chance that you can't state whatever you wish to state in a brisk exposition, you have to at any rate remain underneath three pages. </p> <p>Your initial section ought to likewise highlight some sort of postulation explanation, or so the subject of your paper is clear. The guidelines for composing an extraordinary paper are the equivalent. Stephen's exposition is very powerful. Article point decision isn't that straightforward as you accept. </p> <h2>Top Honors Society Application Essay Sports Samples Secrets </h2> <p>Public secondary schools have their own one of a kind decent amount of issues and in the occasion the understudy isn't cautious, they could end up in a gigantic wreckage. Numerous school specialists ask that you form an application exposition before getting an affirmation. Propelled instruction application paper points can spin around the person with address unforeseen difficulties, including enduring an episode. Simply the best understudies become acknowledged. </p> <h2> The Ultimate Honors Society Application Essay Sports Samples Trick</h2> <p>My exp osition composing took an act of a few months. It's extremely valuable to dismantle composing in order to see only the way that it achieves its destinations. At last, the detail of genuine discourse makes the scene pop. Do a little research before you start composing. </p>

Looking For Term Papers For Sale Online? Tips For Buying Papers

Looking For Term Papers For Sale Online? Tips For Buying PapersWhen it comes to purchasing college term papers for sale online, the way you do it may influence how your purchase turns out. So the question is, which way is the best way?Many students have a limited budget when it comes to buying term papers for sale. They might be paying the same amount for school as they were in previous years, but it just doesn't seem like enough money for so many items. That's why we recommend that first-time buyers consider online auctions that feature quality papers at affordable prices.It really isn't as hard as you might think to find an auction that features the papers you need, even if it's not common sense. Some students start their research online and end up in websites that feature just about anything they could possibly want. It's wise to search several websites to find the paper of your choice.Don't worry about this because there will be an auction that offers everything that you're looki ng for. Then again, you might get lucky and stumble across a website that has the papers that you need without spending a lot of time or effort searching for them. You'll be surprised how well online websites work with you. Instead of finding papers, you can find just about anything that you want on the web.As long as you know what you're looking for and you're willing to put the time into researching each one, you'll be able to find the right paper for you. Most people who sell college papers for sale online tend to charge different prices. Don't be afraid to ask questions about the papers and be willing to pay a bit more than the average seller.It's important to remember that if you buy term papers for sale online, you're responsible for making payments if you win an auction. With some sites, you'll also have to agree to the terms of a shipping contract. There are some sites that will take care of all of this for you, but that will involve some research.With most websites that all ow you to buy online, it's possible to save a few dollars even if you don't win. Some sites will offer you a gift certificate to use instead of cash. It's important to consider these things when you're working on your budget and finding out whether or not the papers you need are going to cost more than they would have on a traditional paper auction.College term papers for sale online have proven to be a good way to get papers without paying a whole lot. However, it's still in your best interest to get an item priced online that you can feel comfortable paying.

Confidential Info on Essay Topics about Globalization That Only the Experts Know Exist

Confidential Info on Essay Topics about Globalization That Only the Experts Know Exist The Essay Topics about Globalization Game Globalization is term that's being deemed as something new on this planet in the area of business. According to experts, if a company or an organization starts having an international presence, a global influence or operates on a worldwide level it's called globalization. At this time, it has become the building blocks of the well-known worldwide notion of globalization. Globalization is thought to be the greatest and most efficient means for the developing world to reach complete development, because it's the sole method to progress for this world economically. Essay Topics about Globalization - What Is It? Otherwise, you might already have some ideas about the subject and wish to persuade your audience to accept a claim you earn. In addition, there are links to other articles that handle similar topics. You will certainly discover the topic you're likely to truly feel fine with. A couple of sentences proving the significance of the topic in question. Things You Should Know About Essay Topics about Globalization Your essay should speak about the simple fact that the site is representative of globalization values not a site that explains globalization. A description of the way the small company can attain globalization is going to be offered. A dissertation of the way the little company can attain globalization will help offered. Whenever you have challenges in identifying a superb research topic on globalization, don't hesitate to inquire on the internet on a list of impressive research topics on globalization and you are going to be assisted professionally. As industrialization proceeds to spread to all sections of the planet, questions on its sustainability have been raised and particularly with respect to its many positive consequences. It is a fact that globalization encourages cost-free trade among countries, but in addition, there are negative consequences because some countries attempt to save their national markets. If you still think that you must get in contact with experts that could aid with a globalization globalization topicyou can receive the best at our company. To summarize, though there are concerns with the globalisation to children, the majority of the nations in the world get benefits due to that. Globalization is at the middle of contemporary economics and politics. Like many other economic processes, it has both major advantages and disadvantages for the world as a whole. In a certain way, it has encouraged the dependence on certain goods and services in some countries. Finally, it has had a cultural impact on many countries that have been subject to large-scale immigration. Writing about complex issues means that you've got to go the additional mile to be able to compose an equally complicated and well-crafted essay. Students are assigned essays on the subject of globalization so they will improve their understanding of the beneficial and negative impacts that result from internationalization. Or in case you have already composed an argumentative essay outline but aren't sure whether you did it correctly, we are here in order to help you too. A decent exceptional topic is the very first thing you ought to compose an outstanding essay. Make an outline along with all the arguments and points you'd like to include in the essay. There are many kinds of essays, among which a research essay is among the toughest. Naturally, as a way to write a terrific globalization research paper or essay students must first pick an outstanding subject, and then they need to write a paper that's intelligent and well-crafted. Nearly every day they are given a task to write some specific assignment and essays, in particular. You may be already aware that a specific sort of essay in some specific majors has its own requirements for a particular topic. Starting an essay isn't always simple, which is the reason the majority of students try to find essay writing help. A broad range of authors have given their opinion on this issue. If you are trying to find a firm that will supply you with the absolute most recent assortment of research topics on globalizationyou should think about contacting us. We and that it's not a simple matter to develop a superior research topic for your research work or project. Should you do some research online, you will find interesting suggestions. As an example, in the usa, c orporations have the ability to do business with businesses with countries with a minimal price of work. For example, the consistent rise of global warming is the end result of the establishment of several factories, using motor vehicles and similar human acts. Since globalization enables workers to easily move from 1 country to another, countries with limited job opportunities often discover that it's troublesome to encourage skilled workers to remain in their countries. The worldwide mechanisms of international problem regulation. Most companies actually supply the choice of ordering goods online. Since countries frequently have very little control over where big businesses register to steer clear of tax, they are usually made to raise different taxes to be able to compensate for lost revenues as a result of corporate tax avoidance. Microsoft is among the maximum examples. What's even more interesting is that the on-line businesses are accessible via the usage of smartphones.

Analysis of Letter From Birmingham Jail - 773 Words

Every Individual comes to a point in their life when he or she must take a stand for what he or she believes in. For some, this may mean coming to the defense of other people, for others taking a stand could mean holding firm to beliefs or morals. In any case taking a stand is part of the human experience. Realizations, reformations, revelations, and revolutions have been brought forth in history because a dauntless individual stood firm for what he or she held to be true. Martin Luther King is famous for his daring counter-cultural beliefs and for being a man who truly made a stand in his struggle to gain civil rights for black people. A genius of the art of persuasion, King uses tremendously effective emotional†¦show more content†¦King states â€Å"Perhaps it is easy for those who have never felt the stinging darts of segregation to say wait. But when you have seen vicious mobs lynch your mothers and fathers at will and drown your brothers and sisters at whim...† For most people the bonds of family are among the most prized sentimental establishments, making it uncomfortable and even painful to imagine one’s own family members being lynched, mobbed, or drowned as haphazardly and unjustly as King describes it. By escorting his audience to a seat of suffering King engages his audience’s sympathies. By doing so he causes his audience to be more perceptive to his message. Though King pierces the heart of his audience by pinpointing their patriotism and value of family relations, he also provides his targets of persuasion with a more comfortable and enticing appeal. Throughout King’s letter there are numerous alliterations, each serves the same purpose of augmenting his argument. King states â€Å"When you have seen hate-filled policemen curse, kick, and even kill your black brothers and sisters. The hard â€Å"c† or â€Å"k† sound reinforces the idea of cursing, kicking or killing. The repetition of the hard consonants even makes it feel as though King himself is â€Å"kicking† his point into the readers mind. It almost causes one to wince at the sound of the three words. Alliteration stands as a highly effective element in emotional persuasion because the human brain enjoysShow MoreRelatedRhetorical Analysis Of Letter From Birmingham Jail1052 Words   |  5 Pagesdiscrimination is? A Rhetorical Analysis of Letter From Birmingham Jail It is known to all that Martin Luther King is a famous person in America, who strongly goes against the racial discrimination all the time. Here, in this letter, Letter from Birmingham Jail, it is easy for us to realize that racial discrimination appears and the non-violence action is still serious at that time. As a matter of fact, this letter is coming from the people in the Birmingham jail, stating their inner thoughts aboutRead MoreLetter From Birmingham Jail Analysis850 Words   |  4 Pagesfriends. (MLK)† This quote from the inspirational civil rights leader captures the motivation behind his â€Å"Letter from Birmingham Jail.† He wrote this letter in 1963--after he had been jailed--in response to southern white clergy who called his actions â€Å"unwise and untimely.† Although MLK utilizes many varying appeals and devices, Kairos and anaphora are the most forceful because they pressure the white clergy and stimulate guilt in them. MLK inserts kairos in his letter to pressure the white clergyRead MoreRhetorical Analysis Letter from Birmingham Jail1517 Words   |  7 PagesPonder Eng291-001 13 September 2013 Rhetorical Analysis Rhetorical Analysis of â€Å"Letter from Birmingham Jail† â€Å"Letter from Birmingham Jail,† by Martin Luther King, Jr., is a letter in which King is writing to his â€Å"fellow clergymen† in a response to their recent criticism of the actions he was leading in Birmingham at the time. The letter was written in April of 1963, a time when segregation was essentially at a peak in the south. Birmingham, in particular, is described by King as â€Å"probablyRead MoreAnalysis Of Letter From Birmingham Jail785 Words   |  4 PagesWhile imprisoned in Birmingham Jail, Martin Luther King Jr. received a letter from the local clergymen that condemned his actions calling them rash and extreme, in response Dr. King wrote his own letter back defending his decisions. In his letter from Birmingham Jail, Dr. King introduces the idea of positive extremism as he attempts to convince the clergymen of the need for direct action in Birmingham, by showing the similarities in his own struggles and those faced by countless historical and biblicalR ead MoreCritical Analysis: Letter from Birmingham Jail1191 Words   |  5 PagesCritical Analysis Essay â€Å"Letter from Birmingham Jail† In arguing, writers use different techniques to effectively convey their message to their intended audience. Dr. Martin Luther King Jr.s Letter from Birmingham Jail was a response to A Call for Unity by eight white clergymen in which King’s presence in Birmingham and his methods of public demonstration were questioned. King’s letter was not only a response to his presence in Birmingham, but he also used the opportunity to address theRead MoreLetter from a Birmingham Jail Analysis1025 Words   |  5 Pagesâ€Å"A Letter from Birmingham Jail† by Martin Luther King Jr. was written in the margins of a letter posted by the clergymen of Alabama at this time that sparked his interest and while he inhabited the jail cell for parading around without a permit. This time allowed him the ability to respond wholeheartedly to this cynical oppressing. King’s letter addresses specific points presented in the Clergymen’s and this direct response distinguishes Kingà ¢â‚¬â„¢s strong points through his powerful writing.   UnethicalRead MoreLetter From Birmingham Jail Analysis1617 Words   |  7 Pagespeaceful protests in Birmingham, Alabama, he was jailed on accounts of â€Å"parading without a permit† (King 3). While in jail, Martin Luther King, Jr. wrote a response to â€Å"A Call For Unity,† written by eight white clergymen of Birmingham, regarding King’s actions as â€Å"unwise and untimely† (King 1). This famous response soon came to be known as â€Å"Letter From Birmingham Jail,† and is currently regarded as one of the best pieces of rhetoric ever written. Dr. King’s â€Å"Letter From Birmingham Jail† is thoroughlyRead MoreAnalysis Of Letter From Birmingham Jail1058 Words   |  5 PagesLetters from Birmingham Jail, was Dr. Martin Luther King Jr.’s response to an open letter from eight Caucasian clergymen in the state of Alabama who had condemned the actions of King Jr. and blac k civil rights leaders. Dr. King Jr. made an impassioned argument addressing the concerns of the clergymen and vigorously discussed shock at their response. His letter covered a multitude of factors clearly and succinctly in a stinging critique of the clergymen’s views. In his infamous letter, Dr. King JrRead MoreSummary and Rhetorical Analysis of â€Å"Letter from Birmingham Jail†1708 Words   |  7 PagesSummary and Rhetorical Analysis of â€Å"Letter from Birmingham Jail† Martin Luther King Jr. was arrested on April 12, 1963, in Birmingham, for protesting without a permit. The same day that King was arrested, a letter was written and signed by eight clergymen from Birmingham and titled â€Å"A Call for Unity†. The letter called for ending demonstrations and civil activities and indicated King as an â€Å"outsider†. On April 16, 1963, King responded to their letter with his own call, which has come toRead Moreâ€Å"Letters from a Birmingham Jail† Analysis of the Rhetorical Appeals1182 Words   |  5 Pagescreate a trustworthy bond with the audience, support his claim through reason, and create emotion in the audience that compels them to leap out of their seats and take action. Martin Luther King Jr. attempted to do this when he wrote an open letter while in his jail cell after a peaceful debate against segregation. His lettered response was guided at a statement by eight white Alabama clergymen saying that segregation should be fought in court and not on the streets. King uses a combination of three

Pleasures of Eating free essay sample

Berry first begins with eating as an agricultural act. We think of food as an agricultural product rather than think of ourselves participating in the agriculture. Berry sees us believing we are just consumers, as we buy what we want within our limits and what â€Å"they,† the industrial food companies, want us to buy. With this we ignore the most certain critical questions, â€Å"how fresh is it? How pure or clean is it? How pure or clean is it? How free of dangerous chemicals? How far was it transported? And what did transportation add to the cost? † (Berry 231). Berry recognizes that we are naive to believe that the food we buy is produced on an agriculture farm when we have no knowledge of what kind of far or where it is located. We only know of one process, when it appears on the grocery shelf. Industrial food companies blind us with product commercialization. We will write a custom essay sample on Pleasures of Eating or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page â€Å"This sort of consumption may be said to be on of the chief goals of industrial production† (Berry 231). Industrial food companies have persuaded us to prefer the consumption of food that is already prepared. They have eliminated the agricultural work giving you the connivence of growing, delivering and cooking it all you for. If industrial food companies could find a way to gain profit from pre-chewing your food and feeding it to you they would do it. â€Å"When food in the minds of eaters, is no longer associated with farming and with the land, then the eaters are suffering a kind of cultural amnesia that is misleading and dangerous. † What Berry means by this is we give up knowing the history of our food and hand over all control and freedom. Like any politics it involves our freedom. By giving someone else the control we, â€Å"neglect to understand that we cannot be free unless our food is free† (Berry 232). Our food wars a much make up as actors (Berry 232). Berry expresses that the food industry wants little to do with our health but more to do with volume and price of their product. As scales increase, diversity declines when this happens so does health. From there the dependence on drugs and chemicals becomes necessary. Food advertising leads up to believe that what we eat is good, tasty, healthy and guaranteed to give us a long life (Berry 233). Industrialism is a trap. Berry believes how to escape this trap is to recognize the food problem as a whole and how eating is inescapable. In order to participate in the agricultural act you must; participate in food productions, prepare your own food, learn your foods origin, cut the middle man when you buy, learn about industrial food companies, good farming and gardening and learn from observation and experience. Berry takes pleasure in eating meat from non-suffering non-farm raised animals. As well as, fruits and vegetables that lived a plentiful life. He believes eating should be an extensive pleasure and the more we participate in agriculture and gain knowledge the more we live, â€Å"free from mystery, from creatures we did not make and powers we can not comprehend† (233). Although Berry made very good points on the importance of a healthy lifestyle he uses excessive amounts of emphasis on knowing what you are eating all the time. I believe if you set limits on the amount of industrialized food you consume, you will still be able to live a healthy and fulfilling life. â€Å"The consumer, that is to say, must be kept from discovering that, in the food industry-as in any other industry-the overriding concerns are not quality and health, but volume and price† (Berry 233) This direct quote was very strong and caught my attention. This made me realize that industrial food companies can be compared to any kind of business as their chief objective is increasing profit. There are, however, certain ways to get around the conventional food industry. It is possible to avoid the trap because after all â€Å"the trap is the ideal of industrialism† (Berry 233). Even though I agree with this certain point, I feel as if there might be a more effective approach that Berry could have taken when describing this so called â€Å"trap. † The way that Berry expresses his views makes it seem as if food industries are out to get you. The description of their goal to make consumers fall into a trap is on the extreme side. Wendell Berry seems to be very into the details of farming and how our meals are processed, but as someone who has been given a very fortunate life style, it is hard for me to relate. When I read I find myself to be having contradictory thoughts as this whole time I have disagreed with most things Berry said; with that being said, the main point of his article is that people take for granted their meals and have no idea the process farmers go through to make our lives the happy ones we live. So yes, Wendell Berry is right in saying people, like myself, should know more about the process and food we absorb each and every day. He does a great job of bringing in his arguments with the tone of his article and repetition of ideas. When he makes a point, he wants to â€Å"hammer it home. † Therefore, I have to applause him for his writing as he is a convincing writer with a strong knowledge base. His position on the food industry and the roles that consumers need to play in order to eat pleasurably is grand but some of his views were too extreme to persuade me.