Restaurant Industry :: essays research papers

Discussion of the problem Sanjay Thomas, a second-year MBA student at M.I.T. Sloan School of Management has three choices after he graduates. The first one is an excellent job offer that he received from a top-flight management consulting firm. The second option is to open an upscale restaurant that will serve Indian gourmet cuisine. The third option is to open the restaurant with his aunt. Each option has positive and negative aspects, but when Sanjay compares them only the financial benefits are relevant. If Sanjay takes the job offered by the management consulting firm he would earn a salary of $80,000 a year. If he decides to open the restaurant, he would face a different scenario. To figure out Sanjay’s salary he would have to take into account three variables: number of meals sold, revenue per meal, and labor cost. If Sanjay opens the restaurant in partnership with his aunt, she would guarantee him a salary of at least $3,500 a month, and in return she would get 90% of all monthly earnings in excess of $9,000. Data Analysis Sanjay estimated the following statistics for the variables that affect the expected salary at the restaurant. First, the number of meals obeys a normal distribution with a mean of 3,000 and a standard deviation of 1,000. Second, the revenue per meals is $20.00 with a probability of 25%, $18.50 with a probability of 35%, $16.50 with a probability of 30%, and $15.00 with a probability of 10%. Third, the labor cost follows a continuous uniform distribution between $5,040 and $6,860. He also estimates that there are two fixed costs. One is the fixed cost per meal of $11 and the other one is non labor cost of $3,995. All these variables and fixed costs were used in a simulation software package to forecast the expected salary on the restaurant for the two situations: one running the restaurant by alone, and the other one, running it with his aunt. Each simulation consisted of 10,000 trials. The result of Sanjay running the restaurant alone is represented in Graph A. With a mean of $10,845 and standard deviation of $8,568 (Table 1), this option shows that the expected salary would be higher than the $6,666 monthly salary that he would earn in the consulting firm ($80,000/ 12). At the same time, the standard deviation projects a high variability on the expected salary, which means that there is the potential of earning more money than at the firm and of losing money running the business.

Differing Ideas of Herbert Hoover and Franklin Roosevelt on The Great Depression :: American History

The Great Depression: A look at Herbert Hoover and Franklin Roosevelt Hoover and Roosevelt had very different ideas on how the Depression should be handled. This was almost entirely a result of two integral differences in their lives. Hoover was a Republican, and had basically worked his way through life, while Roosevelt was not only a Democrat, he had basically been born with the proverbial silver spoon in his mouth. As one can easily see, in many ways these two are complete opposites. If one looks at both their upbringing and their political affiliation, it seems that Roosevelt's and Hoover's policies must have been different in a many ways. Hoover was brought up in a poor family, and worked almost his entire life. His father was a blacksmith and they lived in a small house. However, through hard work his father was able to move the family into a much bigger house soon after his birth. He learned early in his life the importance of self- reliance and hard work. In 1880 his father, Jesse, died and four years later his mother passed on. At age 11 he went west to Oregon to live with his Uncle. His uncle worked with him, and later became rich. Hoover had endured a great many hardships in his life, and knew what it was like to do without. With Hoover having and education and a past like his, one would think that he would know how to run the country like a business, so that it would stay afloat. But when confronted with the Depression, he repeatedly cut taxes. Hoover was basically a hard working Republican, and a self made man. He graduated as a mining engineer from Stanford. After capably serving as Secretary of Commerce under Presidents Harding and Coolidge, Hoover became the Republican Presidential nominee in 1928. He said then: "We in America today are nearer to the final triumph over poverty than ever before in the history of any land." His election seemed to ensure prosperity. Yet within months the stock market crashed, and the Nation spiraled downward into depression. Roosevelt, on the other hand, had been born into a very rich family. He grew up with education at Harvard and Columbia Law School, and had everything basically taken care of for him in his childhood by his mother. This gave him a sense of security, of being able to do anything he wanted, most simply because he didn't fail early on.

Belonging: Birmingham Royal Ballet and Billy Elliot

An individual had chance to choose to belong to community/ place/ culture which can helps a person gain an idea of belonging or not belonging to themselves because belonging is a part of our life. â€Å"Immigrant Chronicle† of Peter Skzynecki, Billy Elliot of Stephen Daldry and the Lottery by Shirley Jackson are 3 properly evidence shows an idea of belong within an individual feeling to connect to community or place or culture. The acceptance and understanding of big father can make a strong relationship within no bad mood reason such as Billy Elliot. The full shot of Billy’s Father try to push Billy back to the Health Check Room in the Royal Ballet School while he had changed his mind and want to come home emphasises Billy’s Father realised that Billy need to prove his talent in the good situation like Royal Ballet School. Furthermore, a sense of belonging can emerge from experiences through the family because the family is a perfect situation which helps an individual identifies themself in love, in relationship. Moreover, the poem called Feliks Skzynecki in the collection of poem called Immigrant Chronicle by Peter Skzynecki is convey the idea of family – specific the relationship between father and son. The poem opens with the uses of first person singular – â€Å"My Gentle Father† suggests ownership and recognition of a familiar bond, the persona belong to his father. The use of word â€Å"Gentle† establishes Feliks as a calm and mild man and also demonstrate the relationship between the persona and his father is completely strong. Therefore, family is the first place which teaches you about the understanding and acceptance to identify the sense of belonging in your life. An individual can fit in a group and can feel the sense of belonging while they can notions their identity, relationships connection in that group. This can be seen in the story called â€Å"The Lottery† telling the audience about the story of a small village where all the people come to do the traditional draw every year and from there, the relationship between people, neighbour, family are made. It is shown by the descriptive language of the paragraph – â€Å"The children assembled first, of course. School was †¦ †¦ †¦ their older brothers or sisters. † can properly emphasise that the connection between student, children, and peoples. In addition, the sense of belonging can discover if an individual can find out and gain the happiness with their notions of identity, relationships. This statement is further emphasised in the movie called â€Å"Billy Elliot†. Billy – a main character had hoose Ballet to identify his dream in the future, Ballet’s community group is where he can identify his identity. It is shows by the costume of his boxing gear – the white singlet can allow him to connect to Ballet’s class easier because the dancing girls are also dressed white. So, a sense of belonging can be finding out when an individual notice their identity, relationships, acceptance and understanding in a group. However, som etimes the understanding and acceptance are occurs but the sense of belonging is still silent. This can be finds in the â€Å"The Lottery†, the traditional is force to separate the family by doing the unfair and weird gaming festival. The dialogue of â€Å"It isn’t fair, It isn’t right† and the descriptive action after the dialogue which is a stone hit her on the side of the head depict the barrier’s wall between people with the tradition’s gaming which you have to take your life into the dangerous mood. No acceptance, no relationships, no understanding, there will be no sense of belonging. Immigrant Chronicles† – the book of poems which Peter Skzynecki convey the idea of barrier of belonging. Specially, â€Å"Migrant Hostel† highlights the barrier of belonging. Sustained imagery of bird projects the perspective of feeling uncertain about the future and reflects the transitionary stage of the composer’s life. So, while the acceptance and understanding are occur, there is also have a barrier of belonging from an individual. In conclusion, a sense of belonging can emerge from experiences and notions of identity, relationships, acceptance and understanding.

Food assignment SC300 Essay

Do you ever wonder where your food comes from? There are so many different and yummy foods out there for us to enjoy, but it is also good for us to know where they come from. There are many things to consider when choosing the food you consume; economical and agricultural research, animal health, water resources and the importing and exporting of your food. In New York there are many farmers markets all year round that help distribute much of the fruits and vegetables while still using imports from other countries. The USDA, United States Department of Agriculture, provides us with many guidelines on the importing process. When importing meat, poultry and eggs there are five basic steps to follow: it must originate from certified countries, the APHIS, the Animal and Plant Health Inspection Services, must be contacted, countries and establishment become eligible by a ‘equivalence determination process’, goods have to reach the labeling requirements and after meeting these expectations it then is inspected one last time by FSIS, Food Safety and Inspection Service. There are certain countries that are eligible to export meat, poultry and eggs to our country. Canada is actually the only country to produce eggs for the U.S. For meat and poultry we can receive our goods from a variety of countries from Australia to Uruguay. The packaging of meat, poultry and eggs is also important, the U.S. Food and Drug Administration approves all food packaging material before being shipped. The manufacture has to send a petition along with the food ready to be shipped. â€Å"Packaging materials entering a meat or poultry plant must be accompanied or covered by a guaranty or statement of assurance from the packaging supplier. The guaranty must state that the material complies with the FFDCA. It must also state the brand name, supplier, and conditions for use, including temperature and other limits† (New York State). With following all the steps properly we should be able to receive and consume healthy food. New York State Department of Agriculture has guidelines to disturbing food locally, country wide and international. As a food distributer you have to be licensed and registered. In New York there are numerous amounts of farmers markets working together to distribute fresh healthy food to the people, all year round. Fruits and Vegetables are among the main components of the farmers markets. They provide activities and services to get the food to schools, factories and get them ready for international trade. And all food goes through the proper inspection before the selling of it. New York farmers markets are very thorough in that they give you list of when and where the markets will be held and what times of the year certain products will be available. There are also ecological and economic advantages and disadvantages to locally grown food and imported foods. In New York one of the disadvantages in eating the locally grown food is that some of the lakes surrounding us are not fresh. Some of them are contaminated to the point that you can’t swim in them. It creates a chemical and physical imbalance within the ecosystem forcing New York to outsource water from the bigger lakes, like the Great Lakes or the Finger Lakes. So making sure that the water resources we have are fresh and ready for drinking and the watering of the crops is important. That’s where the advantages come in and there is endless supply of fresh water for the crops and drinking. The ecosystems survive better with the fresh water and the food web can establish itself. When we look at the advantages and disadvantages from an economic stand point in New York the weather can become a common denominator. The weather in New York can be drastic in the winter with the Lake effect just waiting to kick in. But, New York is also known for the farmers markets that are all year round. The summers are hot and the winters are bitterly cold but with all the farming land surrounding the big NY it’s hard not to take advantage of the weather. When we think about our food and all the options we have how do we decide what’s best for our families? We have choices to make when purchasing food; when we buy chicken do we get organic or not? These choices do impact us globally; hence â€Å"Think Globally, Act Locally.† Our environment is important and it’s also the nesting ground for our food source. We as the people should make sure our actions and decisions gear toward protecting the world we live in. When purchasing our food I do believe that the best would be organic. It supplies our animals with the healthiest appetite to provide the best produce to us. Farmers markets are the best way to support your town or community and making sure you also are getting healthy food for you family. Everything plays apart with something else and making sure we do our part would be making sure we are the healthiest we can be. References New York State. (n.d.). Department of Agriculture and Markets. In New York State Department of Agriculture and Markets. Retrieved September 30, 2013, from http://www.agriculture.ny.gov/TheDepartment.html. Trefil, J., & Hazen, R.M. (2011). The Sciences: An integrated approach. Hoboken, NJ: John Wiley & Sons, Inc. USDA. (n.d.). Importing Goods. In United States Department of Agriculture. Retrieved September 30, 2013, from http://www.usda.gov/wps/portal/usda/usdahome?navid=IMPORTING_GOODS.

Economics of Transition Essay Example | Topics and Well Written Essays - 2000 words

Economics of Transition - Essay Example This competition not only transformed the contours of politics in the twentieth century but also led to the creation of two parallel and competing economic systems. Transition can be defined as the race of transformation of centrally planned economies into free markets. Such a transformation can be seeing as occurring after the political events that decimated the Soviet Iron Curtain. Transition is characterized by liberalization, macro-economic stabilization, restructuring and privatization and legal and institutional reforms. Countries have employed disparate transition models owing to the distinct initial circumstances that prevailed at the time when transition process materialized. Moreover, transition circumstances can also be seen as the product of the country’s peculiar socio-economic realities. While some countries like China embraced a slow and steady economic transformation approach, others like Russia adopted an aggressive and speedy model. It was envisaged that a sw ift approach could be undertaken for the privatization of small corporate entities as well as liberalization of prices and macro-economic stabilization, without encountering much economic problems (International Monetary Fund, 2000, p.3). The significance of transition for these economies can be attributed to the fact that any immature measures for transition tend to lead to economic collapse. This was all the more clear for example in the Russian banking sector failure in the late nineties. This paper will analyse how rent-seeking activities of financial institutions can have a bearing on hardening budget constraints in the transitional process. 2. Soft and Hard Budget constraints It was Kornai who invented the term ‘soft budget constraint’ to elucidate economic behaviour of the communist economies. This concept is deemed as the focal point of the subject of transition from socialist to capitalist economies. The term itself is derived from microeconomic terminology to shed light on a pragmatic economic social syndrome. The necessity of implementing hard budget constraints is accentuated repeatedly in relation to transition of socialist economies. The disintegration of the banking sector of East Asian economies during the nineties era can be comprehended by studying soft budget constraints (Kornai et al., 2003, p.54). The soft budget hypothesis denotes a condition under which firms incurring losses are bailed out by banks. Banks can undertake this role in both, capitalist and socialist economies. However, its repercussions in socialism make it a potential problem since banks are compelled by the state to rescue loss-making entities, for safeguarding employment or pursing other aims. The entanglement of state and banking into one entity means that any failure on the part of the banks will reflect clearly in the finances of the state. Typical failure in these circumstances leads to massive cuts in social sector development. Under a soft budget const raint, capital is injected in the loss making firm by the banks to keep them afloat and in a position to pay taxes, therefore acting as a disincentive for privatization. Research on the issue practically proves by applying a model based on the local authorities, a bank and firm (Brandt et al., 2003, p.13). The bank managers’ propensity to lend loans to private firms rather than SOEs will escalate as

Patroling Essay Example | Topics and Well Written Essays - 500 words

Patroling - Essay Example I received a radio message that mentioned the emergency help needed to save a woman and five children who got stranded on a beach. It was difficult for me to reach them within the limited time since the only way available was the road that was again narrowed between two cliffs and only a single vehicle could move through it. On the other hand, I encountered another person whose leg had got struck in the middle of the roads. I realized that only the fire department and the EMS could save him. In such a situation, I had to decide how to take measures such that the lives of both the woman and the children on the beach as well as the person stuck in the middle of the roads could be saved. I had the options of attending the man first trying to free him or I could rush to the beach to save the woman and the children. Since it would take me a long time to reach to the beach, I also had the option to send message to the patrol officers who were posted nearer to the coast. Thus with the intentions of saving both the woman and the children as well as the man, I would immediately contact the patrolling officers nearer to the sea beach and inform them to rush to the stranded people. They could at least take the road and run towards them even if they could not drive through the road. The next immediate step that I would consider is to call up the fire brigade and inform them to rush to the place with their manpower to save the man trapped in the middle of the roads. I would also take measures to clear the road of the cars, asking them to move back such that the fire brigade engines could reach the place. By the time the engines would reach the place I would try to rush to the sea beach to look into the progress of saving the woman and the children. The above decisions that I mentioned I would take in such a situation would depend on the values and the feelings that an

Write about movies with solution Essay Example | Topics and Well Written Essays - 750 words

Write about movies with solution - Essay Example In as much as the movies might be fascinating, keen considerations should be the theme of the movies as they pass extremely relevant as well as pertinent information. The first movie Soylent green is a fiction film directed by Richard Fleischer, which highlights police genres and procedural investigations into a murder of a dystopian wealthy businessperson due to environmental problems. The environmental threats covered in the movie include overpopulation, pollution, poverty, depleted resources, dying oceans as well as the green house effect. The movies find a basis on the survival of people on the many-processed food that people relay on, including Soylent green. With a high population of over 40 million in New York, the housing conditions are unreliable and dilapidated. The city has a characteristic of homeless people found in the streets, which only survives on portions of food produces by Soylent Corporation. The corporation produces a new product in the market Soylent green made of high-energy plankton, more palatable and nutritious than other varieties. In the movie detective, Robert Thorn investigates the murder of William R. Simonson a director of the Soylent Corporation. As the investigations proceed, many things unfold when the New York Governor Joseph Snatini a onetime collaborate to Simonson; orders the closing of the case. When thorn disobeys, he sends him an assassin in a ration distribution facility; unfortunately, the assassin cannot accomplish the task successfully. Thorn then takes oceanography reports together with other researchers such as the exchange corporations. After a thorough research, they find out Soylent green is made from processed human remains. To a further surprise, he also finds out; it is the dead people, which make Soylent green. He survives from an attempted murder spreading the gospel that Soynet green is not food but dead people. Secondly