The Two Witnesses of Revelation - 757 Words

Who are the witnesses of Revelation 11? What is there importance? There are multiple theories on who these witness are. One of the most popular theories is that it will be Elijah and Enoch because they were taken away by God before their death.(2 Kings 2:11; Genesis 5:24; Hebrews 11:5) Others believe that it will be Moses, who turned water to blood and sent other plagues on Egypt, and Elijah because he stopped the rain in Israel for 3 1/2 years. (Exodus 7-12; 1 Kings 17:1) Another theory believes that the two witnesses are the two houses of Israel. Finally, another theory is that these two witnesses will be completely new. All of these have different twists and use scripture to back them up. However, almost everyone believes their importance in the end times because it is pretty clearly stated in the Bible. (Revelation 11: 1-14) First, let us look at the theory that the Moses and Elijah are the two witnesses. The most common reason to believe Moses and Elijah are the two witnesses ar e because â€Å"the miracles they will perform are similar to the judgments inflicted in the Old Testament by Moses and Elijah for the purpose of stimulating repentance. Elijah called down fire from heaven (2 Kings 1:10, 12) and pronounced a three-and-one-half-year drought on the land (1 Kings 17:1; James 5:17)—the same length as the drought brought by the two witnesses (Rev. 11:6). Moses turned the waters of the Nile into blood (Ex. 7:17–21) and announced the other plagues on Egypt recorded inShow MoreRelatedEssay on Interpreting the Book of Revelations1435 Words   |  6 PagesI. Short Answer 1. In all likelihood, who were the Nicolaitans who are referred to in Revelation 2:15? Nicolaitans who are referred to in Revelation 2:15 most likely is a Gnosticism sect in the first century. 2. What is meant by saying that the general religious climate of Asia Minor in the first century was syncretistic? By saying that the general religious climate of Asia Minor in the first century was syncretistic is meant the people in Asia Minor want to keep many religions. Their approachRead MoreThe Book Of Revelation By John The Apostle1726 Words   |  7 PagesThe book of Revelation, written in c. 95 A.D. by John the apostle, was written to Christians who were facing increasing hostility from the Roman Empire, which was beginning to enforce the cult of emperor worship. John had been exiled to the island of Patmos for his activities as a Christian missionary. The book of Revelation is considered apocalyptic literature, a kind of writing that is highly symbolic, but the book itself provides a number of clues for its own interpretation. There are severalRead MoreRevelations in the Bible Essay920 Words   |  4 Pagesportion we need to comprehend that Revelation is consider an apocalyptic literature. An apocalyptic intends to show a future anticipated truth about the end time. John wrote Revelat ion and he intend to reveal the truth that is to come. The truth is overwhelming that Johns words cannot properly convey his vision, therefore John wrote it in symbols and codes. Revelation has a narrative framework that is build on a dualistic understanding of reality. That there are two eras which consist of the presentRead MoreThe Name Of The Rose1364 Words   |  6 Pagesof Revelation. (Loc 111) The author of the book, Umberto Eco, employs medieval theology to portray philosophical ideas, such as the postmodern concept which theorizes that all text relates to one another. Through the application of architectural imagery, the illustrative characteristics of animals, the application of numerology, latin quotation and erroneous interpretation of scripture, Eco composed a masterpiece that loosely parallels events and language located within the Book of Revelation. UtilizingRead MoreComparing and Contrasting Revelation and Hebrews1102 Words   |  4 PagesBible. When we compare an d contrast canonical books, we can learn many things about the theology and context in which these books were written. Today, we will be comparing two books from the New Testament: Hebrews and Revelation. While Hebrews is often referred to as an epistle, it is actually more similar to a sermon. Revelation is a book that describes a supposed â€Å"vision† from the author John. John wrote this vision down on the instruction of a heavenly figure. While we compare these books, we willRead MoreOur Conversation About the Bible Essay examples1479 Words   |  6 PagesScripture witnesses to Jesus. If we can grasp these two simple truths, we are well on our way to reading the Bible right. Part III A Christocentric Reading of Scripture 1. Jesus reveals God. The epistemological means of knowing God the Father is God the Son, the image of the invisible God (Col 1:15), the radiance of the glory of God and the exact imprint of his nature (Heb. 1:3), and the one who allows us to see the Father through seeing him (John 12:45; 14:9). 2. Scripture witnesses to Jesus.Read MoreHistory And The New Testament Scriptures1453 Words   |  6 Pagesredemptive history revealed therein. Sola Scriptura. Ridderbos contested other challenges besides the ones mentioned thus far. One of the major conflicts is still found with the Roman Catholic church (RCC) who state: We are the sole keeper of revelation orally and in written form and we alone are infallible in its teaching and instruction. Further the RCC holds that the correct interpretation of Scripture is solely from Rome alone. Thomas Aquinas, despite supporting the RCC, (Geisler, 2011)Read MoreThe Name Of The Rose1574 Words   |  7 Pagesof Revelation (Loc 111). The author of the book, Umberto Eco, employs medieval theology to portray philosophical ideas, such as the postmodern concept which theorizes that all text relates to one another. Through the application of architectural imagery, the illustrative characteristics of animals, the application of numerology, latin quotation and erroneous interpretation of scripture, Eco composed a masterpiece that loosely parallels events and language located within the Book of Revelation. UtilizingRead MoreHeavens Gate: A Colossal Failure Essay1219 Words   |  5 Pagespar 4). The two original founders of the cult, Marshall H. Applewhite and Bonnie Lu Trousdale Nettles, met in 1972 when Applewhite was a patient in the hospital where Nettles worked (Stewart par 1) After they discovered that they shared many of the same beliefs, they began to hold meetings to attract followers. Applewhite and Nettles believed themselves to be â€Å"the two ‘endtime’ witnesses mentioned in Revelation 11† (â€Å"Heaven’s Gate† Britannica par 2). These witnesses are two nonhuman beingsRead MoreDavid Koresh And The Branch Davidians Ninth Day Adventists1606 Words   |  7 Pagesand also had a stutter that led to him being put into special education classes. However, after he dropped out of high school he later found his passion in the Bible and rock music. He eventually legally married Rachel Jones, with who he would have two daughters and a son. Koresh joined a Branch of Davidians that broke off of the original Seventh-Day Adventists religious group at Mount Carmel Center in Waco, Texas. It is speculated he had an affair with the sects who was a much older prophetess

The Effects Of Drug Abuse On The United States - 1479 Words

According to the National Survey on Drug Use and Health, 669,000 Americans reported using heroin in the year of 2012. The number of people using heroin for the first time is dramatically high, with 156,000 people starting in 2012, doubling from the year 2009 (National Institute on Drug Abuse, 2014) Those using heroin are typically adults aged between 18-25 years old. The impact of heroin is felt all over the United States affecting many people. Heroin is identified as one of the most important drug issues, therefore this is a social problem that is becoming typical, and more people are coming across negative health effects due to it. In the United States, there are many negative health effects of syringe drug abusing that are worrisome to the public. Fears such as Human Immunodeficiency Virus (HIV/AIDS) are just one of the few. Unlike many virus’s once a person has contracted HIV, they have it for life. HIV will attack T cells in the body which are used to fight off infection s; over time HIV can destroy many of these cells leaving the body unable to fight off infections (AIDS, 2016). There is no cure for HIV/AIDS; therefore, once a person is infected with the virus only medication can be used to control it. Symptoms of this virus can be vague, similar to flu like symptoms therefore it can be difficult for one to know they have the virus. Being unaware of the diagnosis can increase the spreading of the HIV virus through sharing syringes. Hepatitis C is another negativeShow MoreRelatedThe Effects Of Drug Abuse On The United States1717 Words   |  7 Pagesdemonstrate the absurdity of the drug abuse problems in the United States, it should be brought to light that the 2014 National Survey on Drug Use Health estimated that â€Å"27 million people aged 12 or older have used an illicit drug in the past 30 days† (Hedden, Kennet, Lipari, Medley, Tice, 2015). As gun violence has become a popular topic in America over the past few years due to its’ related deaths, many Americans’ fail to realize that more people are dying from drug overdose than by weapon. In today’sRead MoreThe Effects Of Drug Abuse On The United States947 Words   |  4 PagesNgoc Do Drug Abuse Drug abuse is a problem that has been increasing immensely in the United States. The amount of people using drugs is increasing drastically with people starting or trying illegal substances as a younger age. Drug abuse is the over use of legal and illegal substances. The abuse of drugs is the number one health related problem. Types of drugs commonly abused include alcohol, tobacco, marijuana, painkillers, depressants, cocaine, stimulants, hallucinogens, heroin, and methamphetamineRead MoreDrug Abuse And Its Effects On The United States Essay879 Words   |  4 PagesDrug abuse is worldwide problem and one that has plagued the United States for decades. Drug abuse negatively impacts not only the individual user, but also our society as a whole. The fight to prevent the manufacturing and trafficking of illegal drugs into the country has made very little impact on its accessibility to those that wish to partake. According to the National Drug Control Budget Report for 2015, the Pre sident of the United States request $25.4 Billion in Fiscal Year 2015 in orderRead MoreThe Effects Of Drug Abuse On Society Essay1136 Words   |  5 Pageshave all felt the effects of drug abuse. In other words, whether it affects an individual directly or indirectly every person has seen or felt the negative effects of drug abuse in our society. The ultimate question, is why does such an abounding amount of Americans abuse illicit drugs, and how does it affect us as a nation? Moreover, something such as this doesn t occur for without a distinct cause, there must be something occurring in our society that creates these illicit drug abusers. CorrespondinglyRead MorePrescription Drug Abuse And Prescription Drugs1487 Words   |  6 PagesPrescription Drug Abuse Prescription Drug Abuse has increased in an alarming rate over recent years! Prescription drug related deaths now outnumber those from heroin and cocaine combined. The abuse in prescription drugs in America goes back more than a hundred years ago. Prescription drug abuse is the use of a medication without a prescription, in a way other than prescribed, or for the experience or feelings elicited. Although prescription medications are intended to help individuals, they canRead MoreSubstance Abuse On Today s Teens968 Words   |  4 PagesSubstances abuse on today’s teens has become one of the main problems in the United State Society. Even though the Juvenile Department Center has create different programs and campaigns to help lower the rate of juveniles abusing substances, it seems hopeless. Now, this problem has directly affected Jane, who’s her son (which is a teen) has become involved with abusing three different substances. To be specific, Jane’s son has bee n abusing Percocet’s, Alcohol, and Marijuana. Jane has ask this authorRead MoreThe Effects Of Drugs On The Human Body1158 Words   |  5 PagesThe United States of American has had one main problem that has terrorize its streets ever since it became a nation. The abuse of substances has become more and more common on this society, that now thinking about legalizing one of its illicit drugs is a main political topic. Even though the United States has become a war on drugs country, many people in its society are still being affected. Out of all the substances that are being abuse in this country, there are three that outstand the rest. TheRead MoreVictimless Crime1282 Words   |  6 Pagesillegal act that is felt to have no direct or identifiable victim. Drug possession and usage is considered to be a type of victimless crime. Libertarianism says the government is set up to offer protection for each of us against the initiation of force by others. They say this gives us the à ¢â‚¬Å"moral space† in which to live our own lives in our own chosen way-even if that means choosing to use drugs. A person under the influence of illegal drugs is known to cause damage to themselves, other people or propertyRead MoreThe War on Drugs1350 Words   |  6 Pages For several years the United States of America has been struggling with the problem of drug addiction of its citizens. This has led the federal government to take measures to restrain the problem of addiction in the United States. However, after observing these measures, such as the ‘War on Drugs’ and its consequences, scholars now question the effectiveness of the drug policy implemented. Some scholars even argue that the War on Drugs has been more harmful to American citizens than helpful. AlsoRead MoreAnabolic Steroids : Use And Performance Enhancing Drugs1516 Words   |  7 Pagesperformance enhancing drugs like anabolic steroids has been a debatable topic in the United States as early as the 1950’s. Former U. S. Representative Howard Berman expresses that â€Å"Steroids can seem necessary to compete at the highest level, and the quick rewards may seem to outweigh the long term consequences to users.† The National Institute on Drug Abuse (NIDA) state s that countless athletes, both young and old, face life threatening illnesses due to the use of performance-enhancing drugs, some of which

The Price Of Tuition Should Not Be Paid - 1462 Words

There are a lot of concerns when it comes to college. Among these concerns are the price of tuition and how unbearably high it is. Because of how high the cost is, people are starting to question the worth of a college degree. This topic is widely debated throughout the country and until the price of tuition has been made more affordable the debate will linger. However it is easy to get lost in the debate and begin to think that even if the cost were to be lowered that a college degree would not be worth the time to earn.. College may not be for everyone, but our community prospers from having well educated individuals. Society benefits from education much more than we realize. Not only that, but statistically college educated people are more successful than those without a degree. And while it may be hard to afford the high tuition costs there are ways to maintain the cost and make it easier to afford. This is why a college degree is worth the trip. To begin the argument it should b e known that society benefits from college educated individuals. One aspect of college that is repeatedly overlooked is how it can shape one’s mind and allows them to think in entirely new ways not only critically but creatively as well. In fact, according to a report issued by the College Board in 2007 states that â€Å"those with a bachelor’s degree, are more likely to volunteer, vote, exercise, and have health insurance and pensions.† (Lewin 18) These are all qualities that make a human beingShow MoreRelatedAffordability Of Our Education : Is A College Education Worth The Cost?1729 Words   |  7 PagesSylvia Ikharo Comp 1101 March 15, 2016 Affordability of our Education Every working American family knows how hard it is today to find affordable higher education. As of the past few decades the tuition fee for most public and private colleges increased by 250 percent while income increased by 16 percent (Politico, 2013). The statistics have since then become a trend that has now evolved each year, hence; making it difficult for parents to send their children to school that can cause themRead MoreThe Cost of Tuition Among Colleges and Universities in Highly Diversified and Indefinite926 Words   |  4 PagesThe cost of tuition among colleges and universities is highly diversified and indefinite. Students shouldn’t be financial problems that are associated with the high tuition cost for their education because it creates unnecessary stress and financial problems. The student’s primary concern should be their academic performance and learning. The tuition fee includes extracurricular expenses such as lifestyle amenities that may not be essential toward the student education yet they are still being chargedRead MoreThe Success Of A College Student898 Words   |  4 Pagesencourages, and emphasizes higher education. Tuition and fees, loans, and extra expenses become a big price to pay for wanting to play the proper role in society as a student looking for a better future. Today’s college students have to deal with a huge financial decision at a very young age that leads to frustration and confusion which is caused by the inflating prices of college tuition. As decades have passed, it is clear that the cost of college tuition has gone up significantly compared to thirtyRead MoreThe True Cost Of Education Essay1514 Words   |  7 Pagesage, we are taught that school is the number one choice. Education is the tool that will determine one’s future, and ultimately deciding how much money one will make. But, the cost for one’s future is increasing. According to College Board, college tuition has been skyrocketing. Presently, the average cost of attending private colleges is $47,405; whereas, in-state schools cost $9,410 and public universities cost $23,893 (Cohen). The cost may vary by where a student attends, and the cost is drasticallyRead MoreMoney For The Future : College955 Words   |  4 Pagesits prices are alarming, leaving students with little ways to pay for it, in the dust. The unfortunate reality of students dealing with debt is a fear-mongering tactic used so that students sike themselves out and never attend college. This harsh reality applies to many students who have to pay for their college expenses out of pocket, unlike the lucky few who attend accredited four-year colleges with the money of their financially stable parents. According to the essay Is College Tuition a SoundRead MoreShould College Tuition Be Based on Major917 Words   |  4 PagesCollege Tuition Every year, students wishing to attend college are faced with the steep price that comes with their prospective education. For many, the belief that it will play dividends in the long run is enough reason to pay the high price. However, college majors have a wide variance of starting median salaries, which leads to the question of whether or not tuition should be based on your field of study. Students knowing they will be making less than another student after graduating should notRead MoreDriving The Cost Of Higher Education1063 Words   |  5 PagesStatistics included college tuition in the Consumer Price Index (CPI), the price of attending college has risen by more than a factor of six in the 25 years that followed. However, this price increase should be measured not on absolute cost, but on relative market cost; i.e., the price increase relative to the CPI. Examining this, we still find that college tuition is rising faster than almost every other market sector. The following g raph shows the change in tuition cost, the change in overall CPIRead MoreCollege Is Not For All But The Rich846 Words   |  4 PagesUnaffordable for All but the Rich,† she mentions the average price of college tuition for different types of colleges. She begins with the type of colleges, from community college to instate, public to nonprofit, and private colleges. Baum speaks about the â€Å"sticker† price - as in the price that is advertised on how much the school s full tuition will cost. She then goes on to say that majority of people don t even pay the sticker price because of scholarships and other financial assistance - loansRead MoreFinancial Aid : Scholarships Or Any Other Helpful Programs That May Be Affordable1014 Words   |  5 Pageshow well colleges do their jobs. With every single dime college students are paying for their tuition, you will more likely think they will get a major education and be able to find a job after graduation but it s not always the case. Colleges are more focused about getting teens to come to their school and yes they are providing them with a valuable education. Colleges are starting to use college tuition to upgrade their school, instead of providing high well experienced teachers. Instead they areRead MoreGraduation Speech : College And Pursue A College Degree1383 Words   |  6 Pagesand leaves a very large number of students leaving college with a lot of debt. Student debt is something that often times is being paid off for most of their life. Some people see this as a problem and other see it as a system that is working but with issues. After the recent 2016 presidential election, some candidates and former president Obama thinks that there should be a form of free education. Knowledge is power, and going to college and getting a degree allows you to become a more educated

Strategic Marketing for Managers Companies †Myassignmenthelp.Com

Question: Explain Strategic Marketing for Managers Companies? Answer: Introduction The retail industry is the sector which consists of companies and individuals; here companies are engaged in providing the finished products to the end consumers. It has been estimated that two third of the gross domestic product is comprised out of retail industry. Hence out of this ratio, it is said that retail sector plays a considerable role in affecting the gross domestic product of the nation (Riebe, 2013). Customer analysis Market segmentation In case of retail industry, the market is segmented by understanding the customer needs, and by analyzing the characteristics of consumers. This helps the industry leader that in case of retail industry in Australia, Wesfarmers limited is an industry leader. However customer can be segmented on the basis of behavioral, psychographic, geographical, demographical basis (Loeb, 2014). Customer motivation in this sector In retail sector customers are motivated on the basis of their segmentation. This means the retail industry leader should identify the motivations, then grouping them, and assigning the strategic roles for each group (Riebe, 2013). Unmet needs Unmet needs are those which are met by current offerings in retail industry. Customers are the considerable factor for unmet needs. It has been observed that the industry should involve online marketing, self driving vehicle delivery, drone delivery, online payment and many more related innovations. This would lead to fulfillment of unmet needs; besides this the industry can make an innovation in compulsory feedback services. This would provide the industry players an idea about the changing preference of its customers. Competitor analysis Competitors In case of retail industry in Australia, following are competitors: Wesfarmers limited, Woolworths limited, Coles supermarkets pty ltd, Dick Smith electronics pty ltd, Myer pty ltd, Big W, Caltex Australia, cash converters international limited (CCV), Country road. These are considered as one of the big industry players in retail sector (Rice and Martin, 2017). Evaluation of the competitors Competitors are evaluated on the basis, that do they affect ones objectives, strategy, commitment levels, and cost and price structure. The competitors majorly affect the companys strength, weaknesses and its competitive advantages. Market analysis Market growth It has been estimated that retail sector in Australia would grow at compounded annual growth rate of 3% (Business insider Australia, 2016). Actual and potential size The actual growth size of the retail industry is 3.5%. The potential size of retail industry is likely to grow due to application of the innovations in the industry. The reason behind this is, due to involvement of online retail and customization, potential has been observed in case of retail industry. Trends and developments Key success factors The changes are being expected in the key performance indicators of the retail industry. The key performance indicators are sales and gross profit percentage, sale per square foot, average customer spend, stock turnover rate, sell through rate. These factors are expected to change due to adaptation of innovative techniques in the industry. Market profitability The market profitability of retail sector is affected by the input costs, retail profits, cost structure of the goods and services as provided by the industry players in retail sector. The profitability can be increased by producing lower cost of goods, adopting cost reducing techniques. Besides all such factors, the market profitability is also affected by the appreciation in Australian currency (Australian government, 2015). Distribution systems In case of retail industry, the major share of cost is occupied in case of labor, storage cost and distribution of goods and services from the industry players to the customers of retail sector. It has been found that retail sector distributes goods such as electrical and electronic goods, floor covering, food and grocery, fuel, furniture and house wares, hardware, building and garden supplies, motor vehicles, pharmaceutical, textiles, clothing and footwear, personal accessories etc. however the retail industry covers the commission based buying, selling and non store retailing goods and services (Australian government, 2015). Environmental analysis The environmental analysis describes about the PESTLE analysis of retail sector in Australia. P-political forces These factors have impact on the current factors of production of retail sector as well as future factors of production. Some of the factors impacting the retail sector are as: tax rates as levied by the government, political stability, foreign exchange rates, and political stability (Deloitte, 2017). E-economic forces The players in retail sector have to consider about the economic aspects of the market in which the company is operating. Economic forces are like factors that affect the demand and supply of the offerings done in retail sector (Crane, 2008). S-social forces Social factors can lead to affect the performance ability of the players in retail sector. These are the factors that can lead to affect the offerings made by the industry players for example, in case of Australia, the population is diverse and the consumers have diversified preferences. Hence the industry players should have knowledge, about how to manage such diversity in the retail market. T-technological forces In case of technology, it has been observed that due to advancement in informational technologies, the retail sector has developed a lot. The players in retail sector has taken initiative in online trading, online payment. This has lead to increase in the customer base in retail sector. E-environmental forces The players in retail sector have to consider about the environment in which they are operating. L-legal forces The players of retail sector should follow the legal compliance in the environment in which they are operating (50minutes.com, 2015). Impact of these forces on trends and future events in the market These factors affect the players of retail sector in doing operations and way of doing operations. This can be understood as changes in the political and legal factors can lead to discontinue a well managed business and vice versa (Business, 2016). Impact of cultural forces using Hofstedes framework According to Hofstedes framework, the effect of society culture on the retail industry sector players is determined. It has been identified that the social factors such as changes in the taste and preferences and demands of the customers affect the players in the sector. Threats and opportunities emerge from the analysis The threats have been identified as unfavorable changes in the factors of production and political and legal factors. While in case of opportunities, it has been analyzed that the favorable changes in PESTLE factors can lead the company in earning high profits and becoming the industry leader (Australian government, 2011). Corporate social responsibility The corporate social responsibility of the retail industry is to be responsible for business strategies and productive stakeholder relationships. In Australia the corporate social responsibility of the industry players is to be responsible for corporate sustainability issues and to utilize all the potential of resources. Conclusion After analyzing the report, it has been analyzed that external analysis comprises of those factors which are out of the control of the industry players but affect the operations of the companies in retail sector References 50minutes.com. (2015) PESTLE analysis: understand and plan for your business environment, 50 minutes Australian government. (2011) Economic structure and performance of the Australian retail industry. Retrieved on 4th May, 2017 from https://www.pc.gov.au/inquiries/completed/retail-industry/report/retail-industry.pdf Australian government. (2015) Australia industry report. Retrieved on 4th May, 2017 from https://industry.gov.au/Office-of-the-Chief-Economist/Publications/Documents/AIR2015.pdf Business insider Australia. (2016) Retail sales growth is trending down in Australia- and theres a sign the housing boom has peaked. Retrieved on 4th May, 2017 from https://www.businessinsider.com.au/australian-retail-sales-may-2016-7 Business. (2016) Retail wholesale trade industry fact sheet. Retrieved on 4th May, 2017 from https://www.business.gov.au/info/plan-and-start/develop-your-business-plans/industry-research/retail-and-wholesale-trade-industry-fact-sheets Crane, A. (2008) The oxford handbook of corporate social responsibility, OUP Oxford, New York Deloitte. (2017) Retail, wholesale, and distribution industry outlook 2017. Retrieved on 4th May, 2017 from https://www2.deloitte.com/us/en/pages/consumer-business/articles/retail-distribution-industry-outlook.html Loeb, W. (2014) Forbes, Unrelenting competition: the biggest retail story of 2015. Retrieved on 4th May, 2017 from https://www.forbes.com/sites/walterloeb/2014/12/16/unrelenting-competition-the-retail-story-of-2015/#161fb11719f1 Rice, J and Martin, N. (2017) The conversation, Company results: how competition is transforming Australias retail sector. Retrieved on 4th May, 2017 from https://theconversation.com/company-results-how-competition-is-transforming-australias-retail-sector-72844 Riebe, M, C. (2013) Retail market st

Life After Retirement Essay Example For Students

Life After Retirement Essay LIFE IN RETIREMENT A PAPER PRESENTED BY GBOLAHAN I. OYEGOKE (PRINCE) B. Sc. (Ed. )Econs. , MBA (Mktng. ) ABR, ACTI, ACA HEAD OF PRACTICE Gbolahan Oyegoke Co Chartered Accountants AT THE POST RETIREMENT SEMINAR ORGANISED BY T. A. AMUSSAH SONS LIMITED (CONTRACTOR TO CHEVRON NIGERIA LIMITED) DECEMBER 6, 2006 PREAMBLE Retirement simply refers to the fact of stopping work because you have reached particular age or set criteria. Such criteria may be health, performance at work, conduct, options, takeover etc. Retirement can be delightful or devastating†¦ a dream come true or a dreadful nightmare. It depends on how one prepares for it. In Nigeria, the private sectors have a relatively better reputation for taking seriously their obligations to retiring and disengaging employees through the prompt payments of severance benefits and gratuities. Happily and commendably, the uncertainties, poor-record keeping, frustration and trauma which are common feature of pensions and terminal gratuity payments in the public service continues to be very minimal in the private sector. However, after putting 40 – 45 years of ones productive age in service of one company or the other, a research finding revealed the following: |Situation/Position at 65 years and above |Rating | |Very rich |1% | |Financially independent |4% | |Struggling to survive |5% | |Died in Service |36% | |Dependent |54% | |Total |100% | This trend could be traced to failure or deficiency in human capital development of many organizations. Corporate organizations often spend huge sum of money on capacity building that will benefit their business while neglecting the need for empowerment for â€Å"life after retirement† of their employees. In other words, corporate organization does not prepare their employees for retirement, from commencement or date of employment. Until very recently, post-retirement education was considered as personal issue of the retiring individual. There is a need for change towards this attitude as retirement or disengagement (forced or voluntary) is REAL. CHARACTERISTICS OF EMPLOYMENT You are always in financial need and this makes you depend on and look forward to your salary. †¢ You are under constant threat and fear of losing your job or being desolate. †¢ Prior to your retirement, you would have invested the most profitable prime time of your life in employment for a â₠¬Å"take home†. †¢ Often, you are in a company of over 90% of other employees returning to the work they hate to go to, and to see faces they are not too comfortable to put up with. †¢ You are compelled to live in a vicinity and neighbourhood you wouldn’t have chose to live in as your employment location has always determined where you live – if you will not be late to work. Your employer determines your leisure time and how to spend it. As a necessity, they must approve your leave/vacation time. They determine when you leave home, when you get back home, when you wake up and when you go to bed. In some cases, they determine when you procreate. †¢ Employment hardly makes your rich and your employer is not responsible for making you rich anyway. †¢ What you get paid as retirement benefits hardly cover your living expenses at old age. Most of the time, we allow our employers to plan (when and how) for our retirement. †¢ Most importantly, you r capacity to earn declines over time. You get to a certain age, you will be consider unemployable (experience, or lack of it). It is important that we remind ourselves that this seminar is organized for retiring employees who may not have had the benefit of pre-retirement enlightenment. We shall therefore concentrate on what is required of them to remain happy and comfortable, even while in retirement. In our clan and environment, there is always fear of retirement. To an average Nigerian, whether in self or paid employment, retirement connotes failure; it brings torment; it is consider shameful; it is often seeing as failure; many view it as weakness, especially if it is the decision of a self-employed person; many consider it as punishment; others sees it as bad luck; it simply remind us of loss of power and influence. We often get agitated and often raise questions on: †¢ What will I do after retirement? Where will I live in retirement? †¢ I do not have retirement plan, so how do I survive in retirement? †¢ Though I have a retirement plan, what if it fails? While the views above are fallaci es, the fear, the questions and many other issues often lead to criminal act such as fraud, stealing, falsification of age etc. THE DONT’S OF RETIREMENT Several private sectors retired and disengaged employees who were well and promptly catered for on retirement have ignorantly and recklessly slipped into the poverty circle within a very short period of their severance. This may be avoided if we attempt to desist from any of the following acts: a)Desire for new wife/(wives) The Progressive Era EssayYou must also resolve any differences that may exist between you and your extended or large family. Verily, verily I say unto thee, be friends to everyone in your family, you will need them now than ever and they need you. Boredom and loneliness breath depression and this may lead to stress, stroke etc. b)Be at peace with your GOD You certainly have less time to live than you have stayed on mother earth. Now that you are drawing nearer to your God, it is important that you resolve issues with your God. Forgive God for whatever, you consider unfair to you and forgive yourself of any short-coming in your life. Forgive your fellow human being for their â€Å"sin†. Pay attention to your religious tenets. c)Be Active Choose a retirement activity you really enjoy. It can be a part-time job, working as a volunteer, a hobby, or even a sport. Make that activity the focus of your life. It is wonderful to be able to spend time doing something you really like. Exercise regularly. It is good for the body and also for the mind. Exercise helps reduce tension and anxiety, and provides a sense of physical well-being. Eat healthfully. At age one to forty, we eat for taste and at forty and above, we are to eat for our health. Stayed tuned into the world around you. It is important to stay mentally alert. Newspapers, books, magazines, and television shows can keep you up to date on the issues of the day. Do maintain your physical and mental independence. For as long as your health and finances allow, try to handle your own affairs, do things for yourself, and live by your own schedule. Never be pushed by the expectation of others. Draw from your inner strength when personal or family trouble arises. You spent a life time learning the strategies of survival. Use your knowledge to help others. Do keep your sense of humour. Make small mental lists of jokes you can tell to friends. â€Å"Laughter is the best medicine†. Laugh, the world will laugh with you. Grump, and you will grump alone. d)Prepare your WILL Speak to a trusted lawyer and seek his advice on WILL. Preparation of will nsures that you set your house properly the way you want it to be when you might have gone to rest with your creator. It helps you to protect your household against themselves. Enjoy your birthday! Growing old is not a right, it is a privilege. Take good care of yourself for you may live more than you e xpect. INVESTMENT IN RETIREMENT The gratuity of any retiring individual has several competing necessities, needs and frivolous requests which we consider important now and in the nearest future. It is an established fact that our reasons for keeping cash and the volume kept can be broadly classified as: †¢ Transactional: we keep cash to meet up with our day-to-day needs (not want). Precautionary: we also keep cash to meet up with emergency needs that we do not envisage. †¢ Speculative: cash can also be kept to meet with â€Å"opportunities† that has returns which we consider satisfactory. In this light and as retiring persons, my humble counsel would be as follows: 1. Ensure you put in fixed deposit account, a sum that is not less than =N=2million or 33. 33% (whichever is higher) of your gratuity at a rate not less than 9%. This will assure you of minimum income of =N=15,000. 00 per month. 2. About 33. 33% may be set aside for investment in shares. You will need to secure the service of a stockbroker with integrity to manage your investment. 3. The balance of your gratuity may be apportioned to unit trust fund, investment in your spouse’s business, investment in your hobby (if you are sure it is capable of yielding good returns), investment in your current business, if any etc. At any point that you require to make investment decision it is important that you seek the advice of professionals. Ensure to document and legalize your transaction, no matter the partner you are dealing with. I pray that you will live longer than your expectation in prosperity and good health. God will grant you mercy and favour in your future endavour. Thank your for your time and audience while I beseech you to â€Å"keep thinking†.

Business Law Cases free essay sample

The case presented here falls under the doctrine of Contract Act, 1872 and especially under the provisions regarding breach and remedies for breach of a contract. When the rights and responsibilities arising out of a contract are extinguished, the contract is said to be dissolved or terminated. A contract may be dissolved in any of the following ways: 1. By Agreement: A contract can be terminated by an agreement between the same parties who entered into the contract with mutual agreement. 2. By Performance: As the parties into the contract complete performance of their shares of promises a contract in terminated. 3. By Frustration: A contract can be terminated by the impossibility in the fulfillment of the purpose of the parties in entering into a contract. 4. By Breach: When a contract is not honored by one or more of the parties to the contract by non-performance or interference with the other partys performance. 5. By Operation on Law: Discharge of a contract by operation of law may occur by merger, by insolvency or by alteration of the written document. We will write a custom essay sample on Business Law Cases or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the case in concern, Nike (BD) Ltd. enters into a contract with Sunshine Fabrics for supply of 50,000 pcs of T-shirt as per sample and design. One of the provision/ stipulation of the said contract was that-â€Å"the Sunshine Fabrics would not sell to his other customers for a period of 2 years any T-shirt of the same design and description†. Eventually the said design T-shirt (of Nike) became very popular in Bangladesh and, many retail shops show keen interest to buy them at higher price and as such, Sunshine Fabrics started selling them to different shops ignoring their contract with Nike (BD) Ltd. This is a clear case of breach of contract. A breach of contract is failure to perform as stated in the contract. When a contract is broken the party who suffers on account of it has one or other of the following remedies: 1. Damage: Damages are moneytary compensation allowed to the injured party for the loss or injury suffered by him as a result of the brach of contract. 2. Specific Performance: Specific performance means the actual carrying out of the contract as agreed. 3. Injunction : Injunction is an order of a court restraining a person from doing a particular act. It is a mode of securing the specific performance of the negetive terms of a contrct. 4. Cancellation of the instrument: When there is a breach of contract by one party, the other party may rescind the contract and need not perform his part of obligations under the contract. 5. Rectification of the instrument: When through fraud or mutual mistake of the parties a contract or other instrument in writing does not truly express their intention; either party or his representative in interest may institute a suit to have the instrument rectified. In the case personated Nike (BD) Ltd. s the party who is the sufferer of the breach of contract. Along with damage, Nike (BD) Ltd. can also file a suit for injunction and cancellation of the instrument. The fundamental principle underlying damages is not punishment but compensation. By awarding damages the court aims to put the injured party into the position in which he would have been, had there been performance and not breach, and not to punish the defaulter party. As a general rule, â€Å"compensation must be commensurate with the injury or loss sustained, arising naturally from the breach. Where the party has suffered no damage on account of the breach, the court may still award him nominal damages in recognition of his right. In this case, Nike (BD) Ltd. has suffered an actual loss which arose in the usual course of things from the breach. Thus Nike can claim substantial damage to compensate its suffering. Injunction is a discretionary remedy of the Court. An injunction may be temporary or perpetual. Where a party is in breach of negative term of a contract, the court may, by issuing an injunction, restrain him from doing from what it is promised not to do. Thus injunction is a preventive relief. Since in this case, Sunshine Fabrics is doing an act (selling T-shirts of the particular design) which it promised not to do Nike (BD) Ltd. can file a suit claiming injunction. Along with claiming damages and injunction Nike (BD) Ltd. can also apply for cancellation of the instrument. If one or more of the major provisions of a contract is broken the party suffering from it can apply for cancellation of the instrument. If one or more of the minor provisions is broken the sufferer party can apply for damages but not cancellation of the instrument. In this case Sunshine Fabrics has broken a major provision of the contract. So, Nike (BD) Ltd. can apply for cancellation of the instrument. In reply of Nike (BD) Ltd. ’s legal notice Sunshine Fabrics asserts that the contract which they signed with Nike (BD) Ltd. is, in fact, void, in as much as, the same is in restraint of trade. Sunshine Fabric’s assertion is however unjustified. The agreement stating -â€Å"the Sunshine Fabrics would not sell to his other customers for a period of 2 years any T-shirt of the same design and description† is not in restraint of trade rather merely â€Å"restraining freedom of action†. Thus we can conclude that, every thing else being equal, the case is in very much favor of Nike (BD) Ltd. Sunshine Fabric’s claim of the contract’s being â€Å"void† has no legal grounds. However, if Sunshine Fabrics can anyway prove that its agreement of not selling any T-shirt of the same description to its other customers for a period of 2 years was a minor provision of the contract, Nike (BD) would not be able to cancel the contract but still would be awarded damage and, on the Court’s discretion, injunction.

Job Satisfaction Essay Sample

Job Satisfaction Essay SampleA job satisfaction essay sample is a kind of essay sample that has been used by students to get good grades in their school subjects. It is the fact that writing essays has an important role in school subjects. Therefore, it is necessary to learn how to write well and be able to write the best possible essay.The best way to use a job satisfaction essay sample is to write about something you are very happy about in your work or in your life. This is the only place where you can add something that would help you achieve the best grades. Therefore, it is important to pay attention to this point.If you are just new to writing, this is the best way to start because it will not take long for you to write a great quality essay. All you need to do is to write about something that is important to you. For example, if you are a student, you can write about your joy with school. A job satisfaction essay sample may be something you can put in your resume or as a work -related task that you can get from your employer.Your great job satisfaction essay will not only have a basic purpose but it will also show the other people around you that you care about what they think about you. Since your friends are the ones who know you the best, they can tell whether you are happy or not. If they think that you are in a happy mood, then you are surely happy and if they see that you are not in a happy mood, then you must be very unhappy with your life.Writing something good is also one of the best ways to improve your writing skills. When you are able to write good essays, you will have a higher chance of getting a good grade in your school subjects.There are different examples in the job satisfaction essay sample that is intended for students. You can check it in books, internet, or even your school library.You may think that the job satisfaction essay sample is just meant for adults. However, this sample can also be a good resource for teens. It is just nec essary for you to remember that these lessons were designed to make teens are more knowledgeable about writing and school subjects.If you would like to give yourself a great job satisfaction essay, you should check out the references from your friends and family. They can also help you in learning how to write the best essay.