Personal statement Example | Topics and Well Written Essays - 500 words - 51

Personal Statement Example The knowledge obtained by combining management and financial study is essential as it facilitates the development of strategic decisions. At the same time, the two disciplines ensure effective adoption and implementation of policies and plans aimed at achieving the organisations objectives. Asset allocation is one of the fields where management and financial strategy are often intertwined. This investment strategy involves creating a balance between risk and reward by adjusting the percentage of an asset. Therefore, critical thinking that is a skill obtained in management is significant in determining business’s risk tolerance, goals and investment time frame (Pandey 2009:70). Moreover, the external environment is often bombarded with issues such as inflation. Inflation is a current issue that can cause significant distortions in the economy. A market that is experiencing inflation discourages savings, reduces economic growth and can discourage investors. Management cannot rely on their knowledge regarding the market. Therefore, management would be expected to conduct research on the environmental forces that would affect its resources and thus inhibit the achievement of the set objectives. When it comes to inflation, management is expected to utilise its financ ial tools so as to come up with an effective financial strategy that would ensure the firm’s success. Studying finance is important as it enables a manager to ensure proper allocation of money. The business operates in a financial environment in which there are a constant inflow and outflow of money. Without proper financial management, a firm would be unable to account properly for the financial resources available. For example, if a small business took a small loan and used it to finance its fixed assets. The short loan is a liability that has to be paid back within one year. However, the firm may find it difficult to sell the assets within one year. The company may find itself unable to pay

Greenhouse Gas Emission Essay Example | Topics and Well Written Essays - 1250 words

Greenhouse Gas Emission - Essay Example From the figure above, the EPA (2010) notes that sources such as agriculture, waste and wastewater, and residential and commercial building are quite new sources that have been added to the sources of greenhouse gas emissions over the years. The understanding therefore is that in years past, these sources did not pose any threat to the world as far as the emission of greenhouse gases was concerned. From these arguments, I can ask a question to support my position that if indeed successes have been achieved, why are the sources of greenhouse gas emission increasing rather than reducing?From the evidence of increasing number of sources of greenhouse gas emissions, the University of Washington (2011) makes a shocking revelation to the fact that the levels of greenhouse gas emissions have been so disturbing that, there is virtually no hope of reversing the trend. The source therefore notes that, â€Å"There would continue to be warming even if the most stringent policy proposals were ad opted† (University of Washington, 2011). The major underlying reason for development is that some greenhouse gases have been left to dominate in global warming so much to the extent that they have created heat-trapping mechanisms that will continue to account for the emission of heat in the nearest future. In the graph below, there is another evidence to support the fact that efforts on greening the earth have failed because global stakeholders have done very little to controlling the effect of certain greenhouse gases., particularly carbon dioxide and methane. Global Greenhouse Gas Emissions by Gas Source: IPPC (2007). From the graph above, it would be realized that among the different causes of greenhouse