Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business Essa

Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business       Whirlpool Corporation †A Lawful, Ethical, and CSR Minded Business      During the previous quite a while worldwide organizations, similar to Whirlpool Corporation, have increased worldwide attention to the complex and developing legitimate, moral, and social desires for their partners. While numerous organizations have begun to handle these new arrangement of necessities by altering their statements of purpose, business approaches, and work environment rehearses, authority organizations keep on grappling with the test of coordinating these three essential subjects into their general business activity. Organizations that effectively coordinate intends to fuse the legitimate, moral and corporate social obligation worries inside all zones of their business remain to increase monetary and social advantages through the ID of new business openings, the reinforcing of their brands and corporate notoriety, the fascination and maintenance of top workers, and the acknowledgment as a confided in accomplice (Integra ting CSR: New Risks, New Rewards, 2004).      In this specific paper, the creator will endeavor to depict how legitimate issues, morals, and corporate social duty (CSR) impacts the administration arranging of Whirlpool Corporation.      Whirlpool Corporation is the world's driving maker and advertiser of significant home machines, with yearly deals of over $13 billion. They utilize 68,000 individuals, and have almost 50 assembling and innovation research revolves the world over. The organization markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other significant brand names to customers in excess of 170 nations. Whirlpool Corporation is likewise the important provider to Sears, Roebuck and Co., of many significant home apparatuses promoted under the Kenmore brand name (Fast Facts, 2005).      Embedded in Whirlpool Corporation and their Board of Directors is the profoundly held worth that keeps on controlling them: "There is no correct method to do a wrong thing" (Continuing Legacy, 2005). This fundamental implicit rules underlies the organization's long custom of solid and free corporate administration. Whirlpool's Board of Directors is as of now involved eleven chiefs, nine of whom are indepen... ...al duty and training. Recovered      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_education.html. References Whirlpool Corporation. (2005). Social duty and the earth.      Retrieved      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_enviroment.html. Whirlpool Corporation. (2005). Social duty and mexico. Recovered      June 25, 2005, from      http://www.whirlpoolcorp.com/social_responsibility_mexico.html. Whitman, D. (2003, April). Building a worldwide steadfast after. Recovered      June 26, 2005, from      http://static.highbeam.com/an/apparatus/april012003/buildingagloballoyalfollowing. Yippee Finance. (June, 2005). DiversityInc. magazine perceives whirlpool for assorted variety      strengths. Recovered June 25, 2005, from      http://biz.yahoo.com/prnews/050616/deth006.html?.v=14.      

The Crucible Sumary essays

The Crucible Sumary expositions The Crucible is a play about black magic. Everything starts with a gathering of youthful ladies playing with black magic instructed by Tituba and Abigail Williams. Reverend Parris discovered them and the majority of the young ladies dispersed however the littlest young ladies The individuals of Salem, where the setting is, hold a congregation meeting and call Reverend Hale to choose if it is black magic. Solidness comes to Salem and gets the young ladies to admit and fault Tituba, the slave that showed them black magic. Tituba The city of Salem brought in appointees to attempt individuals for black magic and the young ladies start their demonstrations of retaliation on the whole town. Abigail Williams who desires for John Proctor attempts to bring Elizabeth Delegate, Johns spouse, to preliminary. Abigail went to the board and hauled a needle out of her stomach and guaranteed Elizabeth was capable. Robust visited Elizabeth again and discovered a needle stuck in the midsection of a doll. Abigail had planted it. The tumult proceeded and the young ladies keep on claiming to see the fallen angel during the preliminaries, however to discover what happens youll need to peruse the play. There are numerous topics that you can investigate in this play; conjugal connections, the impacts of widespread panic, yet the most significant is, understanding the ... <!

Current Events at SIPA COLUMBIA UNIVERSITY - SIPA Admissions Blog

Current Events at SIPA COLUMBIA UNIVERSITY - SIPA Admissions Blog Here are just a few of the exciting events that have recently been broadcast to our students. February 18: Anthony Dowd, chief of staff for former Fed chairman Paul Volcker, will deliver a lecture entitled “The Dukes of Moral Hazard: The Trust Banks, their Bailout, and the Volcker Rule.” February 25: David Miller, chief investment officer for the U.S. Treasury’s Troubled Asset Relief Program (TARP) will deliver SIPA’s Investcorp lecture. February 25: Information Overload? Navigating the Age of Democratized Media,  a conference hosted by SIPA’s student-run blog The Morningside Post. Speakers include: Robert Fishman, Vadim Lavrusik, Emily Bell, Carne Ross, Gabriel Escobar, Anas Qtiesh, Anne Nelson, and more. March 2: SIPAs United Nations Studies Program hosts Michelle Bachelet, executive director of UN Women and former president of Chile, at a celebration of International Women’s Day.

Creating a Genealogy Research Plan Like a Detective

If you like mysteries, then you have the makings of a good genealogist. Why? Just like detectives, genealogists must use clues to formulate possible scenarios in their pursuit for answers. Whether it is as simple as looking up a name in an index, or as comprehensive as looking for patterns among neighbors and communities, turning those clues into answers is the goal of a good research plan. How to Develop a Genealogy Research Plan A major goal in developing a genealogy research plan is to identify what you want to know and formulate the questions which will provide the answers you seek. Most professional genealogists create a genealogy research plan (even if only a few steps) for each research question. The elements of a good genealogy research plan include: 1) Objective: What Do I Want to Know? What specifically do you want to learn about your ancestor? Their marriage date? Spouses name? Where they lived at a particular point in time? When they died? Be really specific in narrowing down to a single question if possible. This helps keep your research focused and your research plan on track. 2) Known Facts: What Do I Already Know? What have you already learned about your ancestors? This should include identities, relationships, dates and places that are supported by original records. Search family and home sources for documents, papers, photos, diaries, and family tree charts, and interview your relatives to fill in the gaps. 3) Working Hypothesis: What Do I Think the Answer Is? What are the possible or probable conclusions that you hope to prove or possibly disprove through your genealogy research? Say you want to know when your ancestor died? You might start, for example, with the hypothesis that they died in the town or county where they were last known to be living. 4) Identified Sources: Which Records Might Hold the Answer and Do They Exist? Which records are most likely to provide support for your hypothesis? Census records? Marriage records? Land deeds? Create a list of possible sources, and identify the repositories, including libraries, archives, societies or published Internet collections where these records and resources can be researched. 5) Research Strategy The final step of your genealogy research plan is to determine the best order to consult or visit the various repositories, considering the available records and your research needs. Often this will be organized in order of the available records likelihood of including the information youre looking for, but may also be influenced by factors such as ease of access (can you get it online or do you have to travel to a repository over 500 miles away) and cost of record copies. If you require information from one repository or record type to be able to more easily locate another record on your list, be sure to take that into account. A Genealogy Research Plan in Action ObjectiveFind the ancestral village in Poland for Stanislaw (Stanley) THOMAS and Barbara Ruzyllo THOMAS. Known Facts According to descendants, Stanley THOMAS was born Stanislaw TOMAN. He and his family often used the THOMAS surname after arriving in the U.S. as it was more American.According to descendants, Stanislaw TOMAN married Barbara RUZYLLO about 1896 in Krakow, Poland. He immigrated to the United States from Poland in the early 1900s to make a home for his family, settling first in Pittsburgh, and sent for his wife and children a few years later.The 1910 U.S. Census Miracode index for Glasgow, Cambria County, Pennsylvania, lists Stanley THOMAS with wife Barbara, and children Mary, Lily, Annie, John, Cora, and Josephine. Stanley is listed as having been born in Italy and immigrating to the U.S. in 1904, while Barbara, Mary, Lily, Anna, and John are also listed as having been born in Italy; immigrating in 1906. Children Cora and Josephine are identified as having been born in Pennsylvania. Cora, the oldest of the children born in the U.S. is listed as age 2 (born about 1907).Barbara and Stanle y TOMAN are buried in Pleasant Hill Cemetery, Glasgow, Reade Township, Cambria County, Pennsylvania. From the inscriptions: Barbara (Ruzyllo) TOMAN, b. Warsaw, Poland, 1872–1962; Stanley Toman, b. Poland, 1867–1942. Working HypothesisSince Barbara and Stanley were supposedly married in Krakow, Poland (according to family members), they most likely came from that general area of Poland. The listing of Italy in the 1910 U.S. Census is most likely a mistake, as it is the only record located that names Italy; all others say Poland or Galicia. Identified Sources 1910, 1920 and 1920 census for Stanley Barbara TOMAN/THOMAS in Cambria County, PennsylvaniaPassenger lists for the ports of Philadelphia, PA; Baltimore, MD; and Ellis Island, NY.Marriage records for the children born in PolandSocial Security Death Index and Social Security application records (SS-5) for Barbara and Stanley TOMAN/THOMASNaturalization records for Stanley, Barbara, Mary, Anna, Rosalia (Rose)or John Research Strategy View the actual 1910 U.S. Census to confirm the information from the index.Check the 1920 and 1930 U.S. Census online to see if Stanley or Barbara TOMAN/THOMAS were ever naturalized and to confirm Poland as a country of birth (disprove Italy).Search the online Ellis Island database on the chance that the TOMAN family immigrated into the U.S. through New York City (more likely they came in through Philadelphia or Baltimore).Search for Philadelphia passenger arrivals for Barbara and/or Stanley TOMAN  online at FamilySearch or Ancestry.com. Look for the town of origin, as well as indications of possible naturalizations for any of the family members. If not found in the Philadelphia arrivals, expand the search to nearby ports, including Baltimore and New York.  Note: when I originally researched this question these records were not available online; I ordered several microfilms of records from the Family History Library for viewing at my local Family History Center.Check the SSDI to see if Barbara or Stanley ever applied for a Social Security card. If so, then request an application from the Social Security Administration.Contact or visit the Cambria County courthouse for marriage records for Mary, Anna, Rosalia, and John. If there is any indication in the 1920 and/or 1930 census that Barbara or Stanley was naturalized, check for naturalization documents as well. If your findings are negative or inconclusive when following your genealogy research plan, dont despair. Just redefine your objective and hypothesis to match the new information youve located so far. In the above example, initial findings prompted an expansion of the original plan when the passenger arrival record for Barbara TOMAN and her children, Mary, Anna, Rosalia, and John indicated that Mary had applied for and become a naturalized U.S. citizen (the original research plan included only a search for naturalization records for the parents, Barbara and Stanley). The information that Mary had likely become a naturalized citizen led to a naturalization record which listed her town of birth as Wajtkowa, Poland. A gazetteer of Poland at the Family History Center confirmed that the village was located in the southeast corner of Poland—not too terribly far from Krakow—in the portion of Poland occupied by the Austro-Hungarian Empire between 1772-1918, commonly referred to as Galica. After World War I and the Russo Polish War 1920-21, the area in which the TOMANs lived returned to Polish administration.

Quotes From The Notebook

The movie The Notebook is an adaptation of the Nicholas Sparks book by the same title. This romantic story is told by an old man, Duke, reading to an old woman in a nursing home. The  emotional roller coaster ride of the movie makes us laugh and cry along with the lead characters, Allie and Noah, who fall in love but are separated by her parents. Years later Allie meets a wealthy soldier, Lon, and becomes engaged to him. When Noah returns, she has to choose between the two men. These quotes from The Notebook focus on the miraculous power of love. Duke   It was an improbable romance. He was a country boy. She was from the city. She had the world at her feet while he didnt have two dimes to rub together. Look guys†¦thats my sweetheart in there. Im not leaving her. This is my home now. Your mother is my home. He [Noah] got the notion into his head that if he restored the old house where they had come that night, Allie would find a way to come back to him. Some called it a labor of love. Others called it something else. But in fact, Noah had gone a little mad. I am no one special. Just a common man with common thoughts. Ive led a common life. There are no monuments dedicated to me and my name will soon be forgotten, but in one respect Ive succeeded as gloriously as anyone who ever lived. Ive loved another with all my heart and soul and for me that has always been enough. Young Noah   Now you know that I want to give you everything you want. But I cant  because theyre  gone...Theyre broken. Its not going to be easy. Its going to be really hard. And were going to have to work on this every day, but I want to do that because I want you. I want all of you, forever, you and me. Noah The best love is the kind that awakens the soul; that makes us reach for more, that plants the fire in our hearts and brings peace to our minds. Thats what I hope to give you forever. I wrote you 365 letters. I wrote you every day for a year. It wasnt over...it still isnt over. Stop thinking about what I want, what he wants, what your parents want. What do you want?   Allie I want a white house with blue shutters and a room overlooking the river so I can paint. Do you think our love can make miracles? It was real, wasnt it? You and me. Such a long time ago, we were just a couple of kids. But we really loved each other, didnt we?   Allies Father Well, in theory, were both millionaires, but in reality, we live with a bunch of whores. Allies Fiancà ©Ã‚   The way I see it, I got three choices. One, I can shoot him. Two, I can kick the crap out of him. Or three, I leave you. Well, all thats no good. You see, cause none of those options gets me you.  [about Noah]

H202 Decomposition Free Essays

Hydrogen Peroxide Decomposition Reaction Kinetics Purpose: In this experiment, you will determine the rate law and activation energy for the iodide-catalyzed decomposition of hydrogen peroxide. Overview: The decomposition of hydrogen peroxide is catalyzed by iodide according to the following reaction: 2H2O2 (aq) [pic] 2H2O (l) + O2 (g) The speed of the reaction is determined from the reactants being consumed or from products that are being formed. This must be determined experimentally by measuring the rate of change in the concentration of one of the reactants or one of the products. We will write a custom essay sample on H202 Decomposition or any similar topic only for you Order Now The change of concentration can be measured by such physical properties such as the volume of a gas or color intensity of a solution. The rate may be expressed, for example, as moles per liter of product being formed per minute, milliliters of gas being produced per minute, or moles per liter of reactant being consumed per second. During this experiment, you will determine the rate of decomposition of hydrogen peroxide in the presence of a catalyst, iodide. The goal in this experiment is to deduce a rate law for the reaction, showing the dependence of the rate on the concentrations of H2O2 and I-. Your rate law will be of the form: -[pic]= k[H2O2]x[I-]y k is the reaction rate constant and depends only on temperature. x is the reaction order with respect to the hydrogen peroxide concentration and y is the reaction order with respect to the iodide ion concentration. Your objective is to determine the numerical values for the exponents x and y and rate constant, k. You will also study the effect of temperature on the reaction. Materials: 0. 25M KI solution 3% H2O2 solution distilled water 125mL or 250mL Erlenmeyer flask 50mL gas collection tube ring stand test tube clamp one-hole rubber stopper eaker water bath 50mL graduate cylinder 5 and 10 mL pipets thermometer Procedure: 1. Fill one beaker about half full with water. Fill the gas collection tube with water and invert into this beaker. Clamp the gas collection tube to the ring stand. You will use this to measure the volume of gas generated in the reaction. 2. Place the Erlenmeyer flask into a water bath. Fill the waterbath two thirds full of water. Record the temperature of the water. Cap the Erlenmeyer flask with a one-hole rubber stopper. Insert a short piece of glass tubing into the one-hole rubber stopper. If necessary, cut a piece of glass tubing and fire polish the ends. Connect one end of the rubber tubing to the glass tubing and insert the other end into the gas collection tube. You are now ready to start the reaction. 3. Remove the rubber stopper from the 50 mL flask. Add 10 mL of the 0. 25 M KI solution and 15 mL of distilled water to the flask. 4. Add 5 mL of 3% H2O2 to the Erlenmeyer flask. Swirl to mix the solutions and immediately replace the rubber stopper. Begin taking oxygen volume readings immediately. 5. Record the time and oxygen volume (mL) every ten seconds for 240 econds or 30mL (whichever comes first). Swirl the flask during the reaction to prevent the solution becoming super saturated with oxygen. 6. Repeat the experiment, using a clean flask, with10mL of the 0. 25-M KI solution and 10mL of distilled water, then adding 10 mL of the 3% H2O2. 7. Repeat the experiment again, this time using 20mL of the 0. 25-M KI solution and 5mL of distilled water, then adding 5 mL o f the 3% H2O2. 8. Replace the water in the water bath containing the Erlenmeyer flask, with water that is 10-20(C warmer than previously used. Repeat the experiment using 10mL of 0. 25M KI, 15mL of distilled water and 5mL of the 3% H2O2. 9. For each of the three trials, plot the volume of oxygen in milliliters versus the time in seconds. Fit the data with the best-fit curve or straight line for each trial, ignoring the first sixty seconds of data. (Do not draw a line that connects point to point. ) 10. Calculate the slope (mL/sec) of each line. The slope of each line gives the rate of oxygen production in mL/seconds. 11. Use the slopes and the details from each trial to determine the reaction orders for the I- and H2O2. Note that the KI and H2O2 volume are proportional to their concentrations in the reaction solution. | |Slope (mL/sec) |KI |H2O2 | |Trial 1 | |10mL |5mL | |Trial 2 | |10mL |10mL | |Trial 3 | |20mL |5mL | 2. Calculate the rate constant, k, for the equation: -[pic]= k[H2O2]x[I-]y Substitute values for [H2O2], [I-], x,y and -[pic]/[pic]into the equation and solve for k. Use the reaction orders determined above for x and y. Using data from one of the trials, calculate the molarity of the H2O2 and I- in the reaction solution and the hydrogen peroxide disappearance rate. Use these values to substitute into the above equation. You can determine the hydrogen peroxide disappearance rate from the rate of oxygen production. Convert the rate of oxygen production to moles per second using PV=nRT. Remember to reduce the pressure of the oxygen by the water vapor pressure. Use stoichiometry to convert moles of oxygen to moles of hydrogen peroxide. Use the solution volume to convert the moles per second to molarity per second. Calculate the rate constant, k, to two significant digits. Be sure to include units. 13. Examine your results to determine the effect that temperature had on the reaction rate. 14. Calculate k for the higher temperature, and, using both k values determine the activation energy for this reaction[1]. Questions: 1. How would your calculated reaction rate constants and calculated activation energy have been affected if the nominally 3% hydrogen peroxide had a concentration of only 2%? 2. How would your results have been affected if extra water had accidentally been added to the reaction mixture? 3. If you do not agitate the reaction solution, it can become supersaturated with oxygen. How would this affect your results? . If you had been able to directly determine the concentration of hydrogen peroxide in the reaction solution, you would have been able to graph the concentration versus time. What would that graph look like? 5. If you had been able to directly determine the concentration of iodide in the reaction solution you would have been able to graph its concentration versus time. What would that graph look like? 6. What would you graph versus time to determine the reaction rate constant? How would you calculate k from the graph? dapted from a lab at Occidental College http://departments. oxy. edu/tops/Kinetics/kinetics. pdf ———————– [1] Activation energy, Ea, is related to the reaction rate constant, k, by the Arrhenius equation: k=Ae-Ea/RT. R is the ideal gas constant, 8. 314510 J/(K†¢mol). A is the frequency factor with units of L/mol†¢s, and is related to the fraction of collisions that have the correct geometry. The activation energy can be determined using reaction rate constants from two different temperatures using the Arrhenius Equation rearranged as: ln k2 – ln k1 = – [pic] How to cite H202 Decomposition, Papers

An Inside View on Budget

Question: Discuss the purpose of budgets and the relevance of traditional budgetary systems to the contemporary and dynamic environment in which companies operate? Answer: Introduction Budgets are a very important part of any business or activity carried out. People always think of a budget as the term for running of the typical household. That is given a certain amount of budget, how would one use that money so that all the basic needs are fulfilled and satisfaction is at the top level. In reality, the budget is a very wide concept and is used in almost every activity(Khan Hilderth, 2002). It is a universal tool. In this project, we are going to discuss the purpose of budgets and the relevance of traditional budgetary systems to the contemporary and dynamic environment in which companies operate. We are going to evaluate certain roles of the budget in planning and controlling. We will see how budgets have changed over time and will discuss some kind of traditional budgetary system in details and its advantages and disadvantages. Budget The budget can be defined as a quantitative layout of the plan for any mentioned period of time. It helps the company keep its expenses in control and helps the company it setting a sales target. The planning usually contains sales volume and revenue, expenses on various products, the assets the organization has to acquire, its liabilities etc. Budgets can be measured and so the comparison and setting the standards are easy(Harvard Business School Press, 2013). Budgets can vary from corporate, event management, government to family or personal. Different methods are used to calculate budget in different fields. There are different types of budgets like: Sales budget Production budget Capital budget Cash flow/cash budget Marketing budget Project budget Revenue budget Expenditure budget Purpose of budget Budget is one of the most important departments which have to be taken care of in any kind of activity. Without budget control, no company will be able to execute its plans successfully and smoothly. A budget helps to successfully carry out the plans made to achieve the goals of the business. It helps the managers and the superiors to forecast and see what steps could be taken in case any unfortunate event arises in the future. It helps to evaluate the conditions in the present and in the future and then take decisions accordingly (Curro, 1995). Budget helps the managers and other members of the organization to coordinate all the activities taking place within the organization by checking and keeping an eye on the works and the relationship between their operation and that of the other department. The purpose of budget could be classified as follows: To control resources To increase the morale of its employees and motivate them to achieve the desired goal. For accountability of the organization at the end of the financial year To evaluate the performance of the members of the organization. To make companys performance transparent to everyone. In short we can say that the purpose of budgeting tools is to forecast and plan about the expenses and the revenues in the future. It describes how an organized would carry out its activities and proceed towards its goals if the certain strategy is applied in the correct way. By taking up the budgeting system, the company can actually measure its measure with the standards that it has set. It will give them a clear indication if something goes wrong and they work on it accordingly. The standards set will also make them achieve them by putting it more hard work and dedication. Role of budget in planning If viewed from a practical point, making budgets is the most important part in the planning process. The link between the budget and the plan can show a person if the organization will be able to pull off the plan or not. Some exceptions are there in this case as well but we cannot ignore the fact that budgeting is an essential part of planning process. An annual plan is a big activity; the budget is just a small part in it. An annual plan outlines many things that have to be kept in mind by the organization like the objectives and the goals of the business, priorities for the use of the raw materials or the resources which would be used in the production process, the estimated output and the input of human, financial and physical resources to be used.(Amey, 1979) A budget in this process of planning is a much more specific term with is concerned with the receipts from different taxes and other sources, to check if the funds are available and if could be used, evaluating the cost for all the projects and programs that would be carried out in the future, checking if individual projects are feasible or not and last but not the least checking the income or the revenue generated by doing all of the above. Any business organization operated to earn profits and make its name in the type of field it operates. Budgets are used to evaluate all the cost that the company has to bear in order to get the product or the service readily available to the customer.(Bookboon, 2012) The company then has to put a price of its own so that all of its expenses are covered and it earns a profit at the end of the day. Budget is measurable and it helps an organization a lot in this process. Role of budget in control Once the budgets are made in the process of planning and its carried out, the next important stage where the budgets are used controls. The actual results come out and the company evaluates the result with the standards that it has set.(Drury, 2007) A control technique is used where the actual results are compared with the budget that was set earlier. Any variation or differences found out in the process is corrected by key individuals who are given those responsibilities. The decision then lies with them. (Hofstede, 2012)They can either revise the original budgets if they want to or exercise control action and make the relevant changes to meet the expectations. There are many advantages of budgetary control, some of which are stated under: It improves the allocation of the leftover resources and put them to good use. The action motivates all the employees and the other members of the organization to participate in the setting of budgets for the company. It brings out the faults and problems and helps the employees to work together. This helps in better understanding and amongst the people within the organization. Immediate actions are taken in places where there is a fault or a problem which helps the not divert and keep working to achieve its goals. It points out the areas that need extra responsibility and which should be given proper attention by the managers and other employees. Give the financial position of the company in a good place. Traditional budgetary system Advantages There are several advantages why many companies still make a budget at the start. Some of them are: Provides a for control Since the managers have to keep the finance in mind, budget kind of helps the company to do that. It makes sure that the financial use is done correctly and everything stays under control. Part of organizational structure Many companies have been making budgets since early times and it would be a change in culture if they try and adopt something else. It may be risky to put down this plan and come up with anything else as the company is used to make budgetary plans. Disadvantages Although there are advantages of the traditional budgeting, it has it downfalls as well. Researchers say that it takes most of the time, energy, fun and big dream of an organization. It was a very useful and meaningful control instrument once, now is considered as a danger for any organization to last its success. (Swain, 2012)Some of the main problems are: Takes too much of time, money and corporate resources The process of budgeting it too long and tiresome as well. Sometimes it takes around 6 to 8 months. Some of the budgets prepared by the organizations are very detailed and need negotiation continuously which takes up most of the corporate resources. Fixed and inflexible The budget is created at the stage of planning and is very detailed. Though it is made by keeping in mind certain uncertainties that might happen in the future, things might not always go as predicted. The budgets are fixed and its very hard to change them some something goes in the future. entry into the market, new competition, change in customer taste and other changes might affect the plans and changing of budgets then might be a very big problem. Conclusion Budgets are a very important part in any business and work. To have a control over your financial structure, making a budget is the best thing. We have seen in the above report how preparing a budget helps the company throughout the year (Institute of leadership and management, 2007). Though it is of help, it has its disadvantages too. Any organization needs to evaluate all the ups and downs and take the best available decision to achieve the best results. References Amey, L., 1979. Budget planning and control systems. London: Pitman Publishing. Bookboon, 2012. Budgeting: Planning for Success. Sweden: Bookboon. Curro, M., 1995. Budget Function Classification: Relating Agency Spending and Personnel Levels to Budget Functions. Collingdale, United states: DIANE Publishing. Drury, C., 2007. Management and Cost Accounting. Boston: Cengage Learning EMEA. Harvard Business School Press, 2013. Preparing a Budget: Expert Solutions to Everyday Challenges. Boston: Harvard Business Press. Hofstede, G., 2012. The Game of Budget Control. London: Routledge. Institute of leadership and management, 2007. Budgeting for Better Performance. London: Routledge. Khan, A. Hildreth, B., 2002. Budget Theory in the Public Sector. Portsmouth: Greenwood Publishing Group. Pizzey, A., 1989. Cost and Management Accounting: An Introduction for Students. s.l.: SAGE. Swain, 2012. Budgeting for Public Managers. New York City: M.E. Sharpe.