Is Thai Airways going to bankruptcy Research Paper

Is Thai Airways going to bankruptcy - Research Paper Example uld take up shares with the business, beginning April 1, 1988, to be the major shareholder with an estimated 51.03% of the company’s shareholdings, while the remaining 48.97% is owned by investors in the domestic and foreign markets, also including the company’s employees (THAI, 2013). Through the years, the company has experienced various challenges, benefits, and implemented different strategies to remain competitive and profitable in a highly competitive international market (Shoffner, Shelly, & Cooke, 2011). There is speculation that Thai Airways may be going bankrupt, following several challenges in generation of revenue. Different scholars and publications have closely followed the progress of the company, often making speculations, and detailing the actions taken by various entities in an effort to prevent the company from going bankrupt. The impeding bankruptcy of the airline follows a number of decisions made by the company, with respect to the market forces. T he extent to which the investors are willing to get involved in the recovery efforts will determine the probability and possibility of the company failing. In this study, the aim is to conduct a comprehensive analysis of the company finances and situation to establish the basis of bankruptcy claims and probabilities. Thai Airways is an entity in the transportation industry, such that the ministry of transport manages the domestic, regional and international routes. The nature of the venture means that the products and services offered include air passenger, cargo and mail transport, warehouse, ground passage, ground equipment, and catering and maintenance services. Although the company is renowned for the air passenger services, the other services serve to support this core service. Under the service, the company has witnessed growth in the customers as well as fleet of airplanes, but challenges have resulted in premonitions on the company’s bankruptcy. Improvements to the services offered and

Moses Mendelssohn :: essays research papers

Moses Mendelssohn lived between the years 1729 and 1786. He was known as the " father of Haskalah " because of his contributions to the Haskalah movement. Mendelssohn was a Jewish philosopher, and got much of his education from his father, the local rabbi, David Frankel. Mendelssohn studied the philosophy of Maimonides. He had written the " Principally Leibnia ",as an attack on the national neglect of native philosophers. Also published by Mendelssohn was the " Philosophical Conversations " in 1755. Between the years 1756 and 1759, Mendelssohn became known as the " leading spirit of the Bibiothek " and ran some risk by freely criticizing the poems of the king of Prussia. In 1762 he won the prize offered by the Berlin academy for an essay on the application of mathematical proofs to metaphysics. On October 1763, the King granted Mendelssohn the privilege of Protected Jew (Schutz - Jude), which assured his right to undisturbed residence in Berlin. Mendelssohn devoted his life to the culture and emancipation of the Jews. He began by his German translation of the pentateuch and other parts of the bible. From this, the Jews learned the German language, German culture, and got a desire for German nationality. Mendelssohn put forward his plea for tolerance in Jerusalem " Oder Uben Religios Macht und Judenthum ". Mendelssohn was a great philosopher, and his contributions to the Jews were and still are great. Samson Raphael Hirsch lived between the years 1808 and 1888. He was the leader of Orthodoxy in Germany in the nine-teenth century. Hirsch was known as the " Jewish religious thinker ", and the " founder of Trenniley-Othodixie " (separatist Orthodoxy). He was the leading spirit in the establishment and of modernized Orthodox Jewish congregation and school system. The slogan of the growing " neo-orthodox " group was " torah combined with wordily wisdom ". They believed in schools that the Hebrew language, Jewish subjects, secular studies, and the school curriculum should be taught. Prussia adopted a law permitting Jews to secede from the general Jewish community and establish separate religious societies. Hirsch wrote " Nineteen Letters "," Horeb ", commentaries on the Pentateuch, Psalms, the Hebrew prayer book, and edited the monthly " Jeshurun ". Hirsch showed Judaism as a community based on faith, aiming at the sanctification of life, the spiritualization of man, and the attainment of an awareness of G-d's presence on Earth. He rejected biblical criticism, and the application of scientific methods to the study of Judaism. Moses Mendelssohn and Samson Raphael Hirsch were different in that Mendelssohn believed in secular education,assimilation within your country, and learning the language of the country ( in his case, it was Germany ) .

Learning Style Inventory

The two personality inventories that my cousin and I took part in measure the five factors that most psychologists use in studying the personality of the individual. However, each test was administered by a different group and found on a different website. Both tests provide a set of questions that measure what are considered to be the five basic dimensions of one’s personality: extraversion, emotional stability, agreeableness, conscientiousness, and openness to experience. Collectively, these dimensions are called the Big-5 dimensions. The first test is found on the website http://test.personality-project.org/. According to the website, the personality survey had two main objectives. The first is, â€Å"to find out more about these five dimensions of personality.† The second objective is, â€Å"To take part in and further the use of the internet as a collaborative and data collection tool.† Furthermore, the questions in the test were taken from International Personality Item Pool. The descriptions of each of the basic dimension were derived from the work of John Johnson. The participant was asked to rate the phrases that describe people’s behavior depending on how accurate they describe him. In addition to measuring the big-5 dimensions, the test also included items about one’s musical preferences and cognitive ability. There were a total of 60 questions about the big-5 dimensions and an additional 26 about musical preference and cognitive ability. Upon comparing my results of the test to that of my cousin, I found out that of the five dimensions measured, we differed significantly in only one dimension, extraversion. My cousin is considered to be more of an extravert than I am. In fact, he scored very high in the said dimension. On the other hand, out of 100, I only rated 34. He is considered to be highly sociable, energetic, and outgoing. My score, on the other hand, is seen as average. According to the description given, I am neither a loner nor a social butterfly. In other words, there are times I prefer to be around other people enjoying their company but there are also times that I prefer to be alone. For the dimension of agreeableness, we both were rated high, meaning, we both possess a strong interest in other people’s needs. As both our reports said, â€Å"You are pleasant, sympathetic, and cooperative.† For conscientiousness, both my cousin and I scored high. This high score indicates that we set our goals and aim to achieve these goals. Likewise, we are both considered to be hard-working and reliable. With regards to the dimension of emotional stability, both of us scored high which indicates that we are calm and not easily rattled or stressed. Furthermore, it says that we remain unaffected by intense situations. For the last dimension, openness, both my cousin and I scored average. According to our reports, this meant that we are not purely conventional nor are completely radical. In other words, we enjoy certain traditional things but are somewhat open to venturing out to unfamiliar things as well. The second personality inventory we took measure the same personality dimensions as the first. The test is available to anyone through the website: http://www.outofservice.com/bigfive/. There are a total of 48 items in the test. The participant is asked to rate their agreement with a given statement about themselves from a scale of 1 to 5 with 1 meaning complete disagreement and 5 meaning complete agreement. These items will see how the participant perceives himself to be like. My results in this test did not differ much from the first test. The main difference was that in this test, I scored low in openness to experience. In this test, I found out that I am conventional. In the earlier test I was neither conventional nor the opposite. For the other dimensions, my scores were very similar to the first. Basically, the test told me that I am well-organized and reliable. Also, it said that I am neither reserved nor particularly social. Furthermore, my results indicated that I was considerate of the feelings of other people and that I remain calm even in tense situations. On the other hand, the results of my cousin in this test remained consistent with his earlier test. As such, in this test, our differences lie in the dimensions of extraversion and openness. This test revealed that he was highly sociable and that was neither conventional nor complex. As for the dimensions of conscientiousness, agreeableness and emotional stability or neuroticism, our scores did not differ significantly indicating that we shared such personality traits. I learned several things from taking the two tests. First, it was able to tell me certain things about my personality. I discovered that I should not consider my self as completely unsociable for I do have the capability to mingle and enjoy my time with other people. I have long seen myself as being a loner but the tests have shown me that I indeed have it in me to enjoy the company of other people. Secondly, taking the test made me realize that indeed people who are alike tend to stay together. I am very close to my cousin. With our results being very similar, I realized that it was because we were very much alike in certain areas. Finally, the tests gave me a glimpse as to who I am. Although I know that the results do not sum up who I really am, I am glad to gain even just a faint idea as to who I really am. Reference: John, O (2003). The big-5 personality test. University of California, Berkeley. Retrieved 29 October 2007 from: http://www.outofservice.com/bigfive/. Revelle, W. (n.d). Internet Personality Inventory Survey. Northwestern University. Retrieved 29 October 2007 from: http://test.personality-project.org/.   

The Issue Of Fishing And Piracy - 1626 Words

Question 1 According to the article, the next-best alternative use of time when for some fishermen in Indonesia is turning to piracy. Since the fishing and piracy are similar activities, these two activities will have the similar marginal cost, however the poor weather conditions may decrease the marginal cost for piracy, because the poor weather conditions provide a cover to the pirates and make them can hijack ships easier. And if weather conditions are unsuitable for fishing, the marginal benefit will decrease due to the decrease in the number of fishes captured each net. But the marginal benefit for piracy isn’t influenced by the weather. Therefore, the rational decision makers will seek another source of income when the marginal†¦show more content†¦As the negative externalities appear, tax can apply. As the graph shown, people maximize their welfare where PMB = PMC. By applying the tax of P0 -P2, the supply curve shifts to SMC and price rises from P1 to P2, People will no w consume less, as the quantity decreases from Q* to Q**, the negative surplus (shaded area) will decrease, thus, the social well-being increases. c)As a criminal organization, government regulation will have no effect on them, so they will ignore the regulations instead of comply, so the private marginal cost of Mafia running an illegal sector for gambling will not be increased to the social marginal cost, so the negative externalities will still exist, the social well-being will not be maximized, and the lower price than other legal gambling house (because Mafia does not subject to this tax) will give gamblers a incentive to participate the gambling market ran by Mafia more, the quantity of gambling will exceed the efficient level. Therefore, the existence of illegal sector for gambling will decrease the effectiveness of the government intervention. d)The market of gambling is already in an efficient level with government taxes, further government regulations of reducing the number of the gambling machines can only reduce the social well-being. There will be a decrease in supply, so the supply curve shifts inward, as a result, the equilibrium price will increase, and because the demand for gambling is relatively inelastic