Importance of Maximising Shareholder Value

Importance of Maximising Shareholder Value Introduction Firms may have different objectives to achieve. However in theory, a firm should set its objectives to increase its value for its owners. Shareholders are the owners of a firm. Therefore according to theory maximising shareholders wealth is the fundamental objective of a firm. (Watson Head -Corporate Finance principles and practice 2007) Investors generally expect to earn satisfactory returns on their investments as they require increasing the value of their investments as much as possible. This is usually determined by dividend payout and or capital gains by increasing the market value of the share price. The managers of the company act on behalf of the investors, such as operating day to day activities and making decisions within the business. In another way they do have the control of the business entity. However, firms may have other objectives to achieve such as maximising of profits, growth and increasing its markets share. When achieving these objectives of a firm, conflicts may arise as a result of ownership and control. Managers may make their decisions on their own interests rather than achieving investors wealth. Discussing the investor related goals as described earlier, in theory behaviour of management should be consistent towards maximising shareholders wealth, enhancing the value of the business (Basely Brigham- Essentials of Managerial Finance).Value of the business is measured by valuing firms price of shares. Its essential to consider maximising of stock prices, and its impact to the investors and the economy as a whole simultaneously. Maximising profits is also an objective of a firm. It is determined by maximising the firms net profits. It is also can be described as a short term objective whilst maximising the value of the company is a long term objective for a firm (Financial Management -Kaplan Publishers 2009). Therefore it is not necessary, maximising profits as maximising shareholders wealth because there are number of potential problems can be occurred adapting to an objective of profit maximisation. It will be discussed in the latter part of the report. Earnings per share (EPS) is one of the main indicators of the firms profitability and it is a broadly used method measuring firms success, as it is determined return to equity in theory (Financial Management Kaplan Publishers 2009).However, EPS doesnt expose the firms wealth since it is determined by using firms net profits. Therefore EPS is also exist the same criticism as profit maximisation above which will be discussing in the later part of the report. During the past ten years have seen a much greater emphasis on investor related goals. The conflict of ownership and control can be recognised as one of the significant causes which were affected investors and the world economy in the past ten years. The corporate scandals such as Enron, Maxwell and World com which occurred recent past had been lost investors confidence towards capital markets. Therefore its essential to consider the ethical behaviour and social responsibilities towards shareholder wealth maximisation simultaneously. It can also be said the institutional investors such as insurance companies and pension funds had also made a significant influence on investor related goals in the recent past. Review of Literature OBJECTIVES OF PROFIT MAXIMISATION According to Watson and Head 2007, whilst individuals manage their own cash flows, the financial manager involves in managing cash flows on behalf of the company, and its owners. In a firm financial management is concerned with taking decisions in three key areas which are financing, investing and dividend policy. Watson and Head also mentioned, shareholders wealth maximisation as the primary objective of the firm and at the same time the existence of other stakeholder groups such as creditors, employees, customers and community are also affected when adapting to a corporate goal. However the firm may adopt one or several objectives in short term whilst its pursued the objective of shareholders wealth maximisation in long term(Basely and Brigham; Essentials of Managerial Finance). Therefore it is essential to be considered the other possible objectives in short term as well as long term simultaneously. Reviewing one of the main objectives of profit maximisation, a classic article of Milton Friedman in the New York Times magazine 1970The social Responsibility of Business is to Increase its profits (Poitras, Geoffrey 1994). Considering classical views of Friedman (1970), Grant (1991), and Danley(1991), Geoffrey analysed the connection between shareholders wealth maximisation and profit maximisation, as an foundation for establishing an ethical analysis for shareholders wealth maximisation. However, Friedman had a moderate view later relating to the concept of profit maximisation towards social responsibilities. (Pradip N Khandwalla, Management paradigms beyond profit maximisation 2004) While there were similarities between these two objectives, Solomon; 1963, chp.2 highlighted the inconsistencies in his classic article (Poitras, Geoffrey 1994). Considering the above views from different authors, Geoffreys suggestion was Even though there are significant consistencies between these two goals, the goal of profit maximisation has designed for the traditional microeconomic environment and for the firms which do not have the conflict of ownership and control. It is also assumed that its applied for the environment where there was no uncertainty and no stock issues( Poitras, Geoffrey, 1994). According to Keown, Martin and Petty, 2008; Lasher 2008; Ross Westerfield, and Jordan; 2008, Managers are encouraged to maximise its current stock prices by the shareholder theory, therefore the criticisms are understandable. This approach determines the existence of agency problem towards incentive schemes, as incentives are rewarded with the continuous growth of share price and leads to an unethical behaviour of managers, towards manipulating the firms current stock prices (Daniel, Heck Shaffer). CONFLICT OF OWNERSHIP AND CONTROL The conflict of ownership and control was first identified by Adam Smith (RBS Review 1937) and he suggested that the Director cannot protect the other peoples money with the same way that he protects his money (Tony Howell; Shareholder ship model versus Stakeholder ship model). Its also mentioned in Tony and Howells article, that the separation of ownership and control make a significant influence for corporate behaviour and its deeply discussed by Berle and Means (1932). But La Porta et al. (1999) argued against Berle and Means, and he suggested its different from the large corporations, because the shareholders of large corporations involved in corporate governance actively where managers are unaccountable (Tony and Howell; shareholder ship model versus Stakeholder ship model). Winch (1971) suggested the goal of profit maximisation is consistent with the ethical theory of utilitarianism whilst allocating resources under different circumstances. (Poitras, Geoffrey 1994). Having considered Winchs suggestion related to the utilitarian theory and profit maximisation, Geoffreys (1994) view was that, inter temporal behaviour is important for firms and efficient investment has a significant affect towards maximising of profits as a result of uncertain future cash flows. It is also discussed the potential conflict of ownership and control. Therefore Geoffrey (1994) suggested the separation of ownership, the decision makers (managers) and owners (shareholders) are involved to the corporate structure. SHAREHOLDERS Vs STAKEHOLDERS Even though most of the economists and authors acknowledge the theory of shareholder wealth maximisation (Berle and Means, 1932; Friedman, 1962), other authors argued the criticisms of shareholder wealth maximisation. They argued that Shareholder Theory encourages the managers to make short term decisions and behave unethically as a result of the influence of the other stakeholders. According to Smith (2003) believed Shareholder theory is prepared to maximise short term objectives at the expense of long term goals (Daniel, Heck Shaffer; Journal of Applied Finance; winter 2008). However Daniel, Heck and Shaffer analysed the reasons for the criticism and the misguidance of the shareholders theory in their article about shareholder theory, How Opponents and Proponents Both Get it Wrong? The misguidance has been occurred as a result of pursuing a long term objective in shareholder theory. Managers should maximise the future cash flows and its important to consider the stakeholders accor dingly (Jensen, 2002; Sundaram and Inkpen, 2004a). According to Freeman (1984) a firm should consider both shareholders and stakeholders when making their business decisions. However Daniel, Heck and Shaffer describes that the stakeholder theory determines the same criticism as short term behaviour but the shareholder theory has got the protection for both shareholders and stakeholders in the long run. Therefore stakeholder theory is not predominant to shareholder theory. Daniel, Heck and Shaffer suggested the expected future cash flows to analyse the above scenario and they argued that its essential to undertake all the positive NPV projects to maximise shareholders wealth analysing towards maximising current stock price. If there was a goal of increasing of current share price, managers who are rewarded by incentives may attempt to boost the stock price of the firm. However Jenson (2005) and Danielson and press (2006) argued the effort to increase or maintain the stock prices by m anagement could be destroyed the long term values of the firm by manipulation, unethical behaviour, delaying NPV positive projects, reducing or not spending on research and development. Jenson has taken Enron as an example for explaining the above scenario. The management of Enron had hidden their debts through off balance sheet activities and by manipulating the company accounts (Daniel, Heck and Shaffer). Therefore Daniel, Heck and Shaffer suggested that its essential to design strategies which are consistent with the objective of increasing future cash flows rather than adopting an objective of increasing of current stock price to maximise the wealth of shareholders. Freeman, Wicks and Parmar (2004) argued that all the recent business scandals are oriented toward ever increasing shareholder value at the expense of other stakeholders (Poitras, Jefforey; 1994) After a number of high profile firms collapsed i:e: Enron, WorldCom and Arthur Anderson in US and Maxwell, Polly Peck, BCCI, Barings bank in UK, its been determined the requirement of a good Corporate Governance (Tony Howell; the shareholder ship model versus stakeholder ship model). According to Tony Howell, Corporate Governance has been growing for the past 25 years and the foundation for Corporate Governance was placed, after the introduction of Cadbury report in 1992 (UK). Omran et. al.2002; Mills, 1998; Fera, 1997 suggested the importance of Corporate Governance as a result of the new entrance of Institutional Investors to Capital markets, Globalisation of Capital markets, increase of Stakeholder and Shareholder expectations(Tony and Howell). Analysis According to financial management theory, its assumed that the fundamental objective for a firm is to maximise shareholders wealth (Watson Head 2007). Analysing the suggestions and arguments towards fundamental objective, it can be seen that not only in theory but also in the real world it is essential to maximise the wealth of shareholder. Analysing the objective of profit maximisation, overriding the classical economics views by Hayek (1960) and Friedman (1970), other authors, Solomon (1963) and Geoffrey (1970) argued about the criticisms associated with the objective of maximisation of profits. The conflict of short term goal of profit maximisation and long term objective of shareholder wealth maximisation can be identified as the main conflict. If a firm adapts to an objective of profit maximisation and the managers are rewarded incentives for achieving it, the agency problem could be arise. Therefore in such a situation managers may take decisions towards their own selfish interests, rather than on shareholders. Achieving their self interest managers may reduce costs by cutting research and development costs, reducing quality control measurements, reduce advertising, using lower quality materials. At the same time the NPV positive projects could also be postponed to reduce their costs to determine more profits in s hort term. Producing low quality products, losing market share, losing customer trust on their products and finally reducing financial performance could be resulted as a result of using low cost strategies. It may lead the business towards insecure stock prices in long run. The other criticism is profit maximisation does not appraise the associated risks. Therefore managers may undertake higher NPV projects to determine higher returns. However higher the required returns, higher the risk (Peter Atrill; Financial Management for Decision Makers, 2008). Investing on risky projects will result future cash flow problems. However, shareholders are assumed as rational investors who provide finance for firms to invest in future projects. As rational investors they require a reasonable return for their investments. Therefore it can be suggested that objective of profit maximising is different from the wealth maximising. Even though shareholder wealth maximisation is the fundamental, firms are not being able to reject the profit perspective goals, because there are stakeholder groups who is interesting about financial activities in a firm. In addition to shareholders, Managers, Employees, Customers, Suppliers, finance providers and the community at large are included in the typical stakeholder group. Therefore its essential to take account of profit maximisation within the firm. As a result of these multiple objectives managers can easily pursue their own interest. In real world, financial statements are used to assess firms performance. However, profits are defined as profit before interest and tax, profit after interest and so on. Therefore the ratio of Earnings per Share is often used instead of profit which is calculated using the net profits and the number of shares issued. Investors usually use EPS as a measurement of valuing stock. EPS is mostly used as it contains of net income of the firm, and it is also used as an indicator measuring firms future cash flows. Although the disadvantage is EPS does not determine shareholders wealth. However, firms value should be determined by the future cash flows and the risk also need to be considered which is associated to the cash flow. However as mentioned earlier, profits does not take account of risks. I:e:Reported profit figures such as Biotechnological companies and other new economy ventures have insignificant relationship on its stock prices (Financial Management -Kaplan Publishers, 2009). Th erefore, in the short term theres an inconsistence between profit maximisation and increase in stock prices in a firm. According to Smith (1937), Berle and Means (1932) and Geoffrey (1994) the separation of ownership is involved the corporate structure. The conflict was mostly seen during the recent past, following the corporate scandals. According to Maria and William in the article of Privatisation and the Rise of Global Capital Markets (Financial Management; winter, 2000) The past years there was significant growth in capital markets valuation, growth in security issuance as a result of the privatisation programmes. The impacts of share issue privatisation are increasing market liquidity, pattern of share ownership (i:e: Individual and institutional investors such as Pension funds and Insurance Companies), and increasing of number of shareholders in many countries. However, globalisation was also affected on firms activities simultaneously. Therefore the firms (i:e: Enron Maxwell), which had poor Corporate Governance had the possibility to involving in unethical activities such as creative accounting and off balance sheet finance(Financial Management, Kaplan Publishers; 2009). At the same time Directors involved in high level of corporate takeover activities, achieving their personal interest such as empire buildi ng, large remuneration packages (Financial Management, Kaplan publishers; 2009). Further analysis of Stakeholder theory and Shareholder theory by different authors, Jenson 2005) and Daniel and Press (2006) argued the criticism of stakeholder theory, whilst Daniel, Heck and Shaffer (2008) and Freeman (1984) argued the importance of both shareholder and stakeholder theory. However, it can be suggested that the stakeholders play a significant role towards increasing shareholders value. As an example to motivate employees of the firm, they should be treated in a good manner by rewarding increments, bonuses and so on. Long term employee satisfaction could drive the firm towards higher performance and the development of the business by increasing higher productivity and better quality of products. Simultaneously, building up a trust among customers and acquire and maintain the industry leadership. At the same time shareholders provide finance for firms for its working capital management and noncurrent assets for its future projects. Therefore it can be seen an inter relationship and importance of shareholders and the other stakeholders. According to Peter Atrill, (Financial Management for Decision makers , 2008)In the early years financial management theory was mainly developed as part of accounting and the suggestions and arguments were based on casual observations rather than theoretical frame work. But after the number of high profile firms collapsed, the requirement of corporate governance occurred. Number of committees met and discussed to improve the Corporate Governance and the main concern was the conflict between shareholders interest and managers. Enron was the seventh largest listed company in US when its collapsed in 2001 as a result of manipulation of financial statements. Its affected to shareholders, more than 20000 employees worldwide, creditors and customers (Janis Sarra; St Johns Law Review ; Enrons Repercussion in Canada). The 11 titled Sarbanes Oxley Act 2002 CONLUSION By analysing the review of literature, it can be suggested that its essential to maximise shareholder value rather than maximising profits alone. However maximising profit is also can be defined as a performance measurement of a healthy business. Extremes of profit maximisation can also be caused unethical behaviour of management towards its shareholders and stakeholders. Although, Earnings per Share inconsistent with the long term value of shareholder, its still can be used as a performance measurement, since its got firms net profit. As a result of recent corporate scandals such as Enron, WorldCom and Arthur Anderson, shareholders and other stakeholder groups had given much emphasis on corporate behaviour. The unethical and illegal behaviour of those high profiled firms were lost investor confidence of capital markets. They identified the importance of Corporate Governance which provides the road map for managers to follow, pursuing different objectives towards the firm (Basley Brigham). At the same time the arrival of Sarbanes Oxley Act 2002 provided investors a much more confidence and strength towards capital markets. However, stakeholders are also important for firms. They are also treated well for the to maintain a Even there are conflicts between stakeholder theory and Shareholder theory, its necessary to balance these two theories. According to Cathy Haywards article (Black hole sums; Financial Management May 2003), during the period of May 2003 the pension funds in US and UK were in a bad condition. According to the assessment of National Association of Pension Funds, there was a drop in UK pension funds by more than 250 million in 2002. Its being told that there were many reasons for the crisis but, the huge drop in stock market during the economic down turn 2000-2003 has mainly been affected. The pensions funds are heavily depend on the dividend payments and the stability of the equity markets, as a result of the drop in share prices the pensions funds struggled to meet their obligations. References Besley Brigham Essentials of Managerial Finance Daniel, Heck Shaffer Journal of Applied Finance; Fall Winter 2008 Shareholder theory, How Opponents and Proponents Both Get it Wrong? Denzil Watson Antony Head Corporate Finance (electronic resource): principles and practice 2007 Management paradigms beyond profit maximisation Colloquium a debate by S K Chakraboty, Verghese Kurien, Jittu Singh, Mrityunjay Athreya, Arun Maira, Anu Aga, and Anil K Gupta. Maria K. Boutchkova William L. Megginson Privatisation and Rise of Global Capital Markets , Financial Management; Winter, 2000, p31-76 Peter Atrill Financial Management for Decision Makers 5th Edition 2008 (electronic resource) Poitras, Geoffrey Share Holder wealth Maximisation, Business ethics and social responsibility, Journal of Business Ethics; feb 1994;13,2;ABI/INFORM Global pg125 Rebecca Stratling The Legitamacy of Corporate Social Responsibility ; Corporate Ownership and Control; Volume 4; Issue 4, Summer 2007 Tony Ike Nwanji, Kerry E. Howell; A review of the two main competing models of Corporate Governance: The Shareholder ship model versus the Stakeholder ship model; Corporate Ownership and Control, Volume 5, Issue 1, Fall 2007

Artists and Self Portraits

Why would someone take the time to create a work of art that merely resembles themselves? To answer this, one must understand the famous artists of the past, both visual and literary. When analyzing a self- portrait, one notices that it often goes beyond the visual characteristics of the author. Minute details that can be easily overlooked frequently delve into the artist's personality and can sometimes make the viewer look deeper Into themselves. To answer the why of self-portraiture, one must understand the how.By comparing the tertiary elements of Portrait of the Artist as a Young Man, by James Joyce, to the artistic techniques utilized by legendary artists In their self-portraits, one learns the reason of why someone would create a portrait of themselves. When making a self-portrait, It takes much more than simply looking In the mirror and copying what one sees either In text or through art. To make a self-portrait, the artist must look Into themselves and select their most Impor tant qualities that they want to show to the world. Jockey's original version of Portrait of the Artist as a YoungMan, known as Stephen Hero, was comprised of over nine hundred pages and his siblings were major characters. In the revision that made it his portrait, he decided to get rid of a few hundred of those pages and to focus exclusively on the psychological growth of his alter ego, Stephen Deals. While it must have been difficult for Joyce to completely take out a majority of his work from the published product, the more precise version gave readers a true sense of Joyce and what moments in his life affected his process of growth from a young poet to an accomplished writer.The selective process is one of the most important elements of elf-portraiture. Another important aspect of self-portraits is the use of color; in literary portraits, the use of diction. The best way to describe the importance of the two was explained by Vincent van Gogh, â€Å"Instead of trying to reproduc e exactly what I have before my eyes, I use color more arbitrarily, in order to express myself, more forcefully. † Van Gogh understood the importance of colors and how they can affect the overall message off self-portrait.In a portrait that he painted right after being admitted Into a psychiatric hospital (image 1), the background is dark blue and his shirt Is almost the same color. Because the shirt does not have a definite outline, It gives the Illusion that he is fading into the dark abyss of the background. After spending more time In the hospital, he painted another portrait (Image 2). Even though the actual Image of him is almost identical to the previous portrait, It evokes a completely different set of emotions because of the lighter colors he used.The light blue tones make the painting feel relaxed and calm whereas In the previous painting, the dark color makes It feel ominous and depressing. Van Sago's quote can also be applied Joey's writing. In the years after Step hens childhood, he never Just states what Is going on In the world around him; his Dalton and perspective always affect It. The Dalton he uses not only describes his surroundings, but It describes him as well. HIS choice of diction gives the reader Insight Into his personality and his opinion without directly stating it. When talking about prostitutes, he has two very different views.In rebellion, his encounter with the prostitute is very emotional and almost loving. He refers to her as â€Å"a young woman dressed in a long pink gown† and uses phrases like warm and lighthouse,† â€Å"embraced him gaily,† and â€Å"tears of Joy and relief shone in his delighted eyes† to show his happiness and comfort in the presence of the woman. In the third chapter, when Stephen is beginning to close himself off emotionally, he calls prostitutes â€Å"whore's† and describes them using words like â€Å"squalid,† â€Å"yawning lazily,† and â€Å"cluste rs of hair† which accentuates his hardened opinion towards them.Easily overlooked, the use of color and diction changes the overall meaning of self-portraits by conveying feelings that otherwise would have been missed. In addition to color ND diction, small details are another vastly important aspect of portraiture that usually go unnoticed. An artist who understood how small details could express personality and advertise oneself was Judith Leister. She knew how to make people feel as if they knew her when they looked at her portrait.Her self-portrait emphasizes the importance of small details and what they can add to the message of the final product. In her portrait (image 3), her posture alone says many things about her personality. She is leaning back with her elbow on the chair facing towards the ewer which shows that she is confident in what she is doing and takes pride in her work, eager to show it off to any who interrupt her when she is at work. Her facial expression shows that she is happy, outspoken, and has a warm, welcoming attitude towards people.The other miniscule details that she included in her portrait may have been a clever form of self-promotion. The painting she is working on in the picture is of a man playing the violin; she was known for painting lively, happy scenes so by having it in her self-portrait, she is saying that painting these scenes is an important part of her. She is holding eighteen brushes in one hand which shows that she is a talented artist and the clothes that she painted herself in show that she is wealthy and successful.These details could be used to entice potential patrons to hire her because by seeing her portrait, they believe that she is a talented artist who is confident in her work. Like Leister, James Joyce also understood the weight that small details carry. When describing people, Stephen only gives the person's description and actions; he never gives his actual opinions of them. The details that e in cludes shows what stood out to him in the moment and which features of the person were the most important. One character that Joyce gives a personality to through details is Vincent Heron.Heron and Stephen had been competing in school for as long as the two can remember yet Joyce never outright says Stephens opinion of him- it is blatantly stated through the details that are included. The first thing that Heron says is â€Å"Noble Deals' in a high throaty voice. † He then lets out a â€Å"soft peal of mirthless laughter,† and brandishes his cane. Beside him, he has an intimidating yet intelligent friend who agrees with everything Heron says. From these few details, much can be said about what Stephen feels is Heron's personality.From the way laughs and the fact that he carries a cane with him, it is obvious that he is arrogant and believes himself to be better than those around him. It also shows that Heron is a powerful manipulator. His fake laugh, the way he addresse s Stephen and the fact that a more powerful man is his inferior shows that he knows how to interact with people in a way that results in him always having the upper hand in a situation. Small details can have on self-portraits. In addition to these elements of self- portraiture, motifs are significant as well. Might not a painter's choice of lines and colors give an indication of his character, whether it is noble or common? † Paul Gauguin believed that the way in which a person makes their portrait says the most about them. In his Self-portrait from 1889 (image 4), he paints himself among many different symbols. The halo above his head symbolizes him as almost being an angelic figure yet he is holding the snake of temptation between his fingers. He is also within reach of the apples of the Tree of Knowledge which means that when he as painting this, there was a temptation that he had to refrain from.The fact that he only painted his head in the portrait may symbolize that he felt lost in this battle of good and evil and that he felt out of control. The bright red of the background also adds to the chaotic feeling. By painting himself interacting with all of these symbols, it may be his way of conveying his battle between good and evil into a portrait. His painting of the motif showed that he felt there was a hectic struggle going on in his life that affected how he saw himself. Joyce also put emphasis on the power of outfits.In Portrait of the Artist as a Young Man, a major motif that is applied throughout the story is that of temperature. When Stephen was happy and comfortable, Joyce did not have to say it; he made a reference to something that was warm that was a signal of Stephens happiness. When Stephen was depressed and felt lost, something about the situation felt cold. While at Clones, a boarding school that he hated, he always felt cold and uncomfortable and when he thought of being at home to comfort himself, he would feel a wave of warmth wash over him.The motifs that artists use to further their self-portraits often elevate them to a level that takes deep comprehension to understand. So why would one choose to make a self-portrait? Some may say that self-portraiture is a selfish act; merely a way for one to immortality themselves, a way to have a representation on earth long after they are gone. However, James Joyce describes how his self-portrait came to be the best, â€Å"Think you're escaping and run into yourself. † When Joyce first started to write Stephen Hero, he was attempting to distance himself from his embarrassing, poetic sat.Yet as he began to put more into the work, he began to delve deeper into himself, realizing what made him the man he was and what he contributed to the world around him. Self-portraits force the artist to embark on a Journey of self- discovery. They make it possible for the artist to warp the person that the outside world sees into the person that they see themselves as or the pe rson they wish to be. While self-portraiture may have selfish results, the process of creating a self-portrait is the artist's way of understanding themselves, inside and out.

Unanswered Questions Into Third Grade Essay What Christmas Means to Me Writing Samples Uncovered

Unanswered Questions Into Third Grade Essay What Christmas Means to Me Writing Samples Uncovered A History of Third Grade Essay What Christmas Means to Me Writing Samples Refuted Ok, without further ado, here's a fabulous collection of journaling prompts written particularly for third-grade kids. It is not easy to feel that there's anyone on the planet who's not acquainted with the story of A Christmas Carol. The following day is Christmas day. A more spiritual form of the famed Christmas story. If you don't understand how to begin your essay or where to search for supporting data, we'll be pleased to help you. It is possible to always reach out to your writer to offer additional particulars or request information regarding the order's progress. We are happy to assist you with this request. The students should determine that the details give extra examples of the major subject of the paragraph. Third graders will need to begin writing down what they learn from every source they use, keeping tabs on the source name and page in order that they can find it again, then practice sorting any evidence they find into relevant categories that, at this phase, the teacher will probably determine. Descriptive Narrative Essay Example may be used mainly to recreate an occasion. Essay writing comes in various forms. Student writing may be used to concentrate on various topics, allowing students to learn and understand each topics by themselves. Third Grade Essay What Christmas Means to Me Writing Samples - the Story High school isn't free in Kenya. I really like journaling so much that numerous decades previously, I wrote and self-published some kids journals. I try to produce interesting topics which are fun for those children to write about. Perhaps it's safe to say that most individuals wish to be happy. Descriptive Essay on Market can be employed by tourists or visitors that don't have any prior understanding of a marketplace. Templates like Descriptive Essay about Office can be beneficial for someone who's planning to stop by an office. When you submit your purchase, we start searching for the very best writer to finish your assignment based on your requirements. At exactly the same time, it teaches students the simple writing skills they should know, and later on assist them improve the writing skills they've learned over time. Time to inspect the dictionary! Build a connection by means of your writing. Life After Third Grade Essay What Christmas Means to Me Writing Samples If you're going to prepare creative writing, you might have to to receive your reader involved and immersed in the story that you retell. The reader should receive the concept of the entire essay from the introduction. The more you tell us about your requirements, the better essay help we'll be in a position to provide. The Debate Over Third Grade Essay What Christmas Means to Me Writing Samples We sometimes satisfy our pals and go for coffee. There aren't only the icebears who want somewhere to life we also require a clean and nice pl ace to life. The cat away from the fishbowl, would like to select the fish out so he can eat it. The cat beyond the fish bowl would like to select the fish out so he can eat it. Third Grade Essay What Christmas Means to Me Writing Samples Help! Making a song which is too monotonous. If you're not pleased with its sound, or see the way the melody or lyrics can be made better, make corrections immediately, otherwise you will probably forget about it, or get accustomed to the sound and don't hear the dissonance. Happiness doesn't just happen it must be made, it must be produced, created, discovered, built from the bottom up. It is crucial to start with explaining why the subject of your work is topical and significant to study. Describe your favourite avocation. Luckily, there are lots of strategies people may utilize to make happiness, or at least strive for it. If we'll recycle the rubbish more than ever before we'll receive a better future. International warming has many bad results and it always a global environment problem that individuals wish to address. Give a great deal of details explaining why.

Christianity, A Form Of Religion Based On The Person And...

Christianity, is a form of religion based on the person and teachings , or its beliefs and practice s.1 During 205-207B.C, Christianity evolved greatly throughout the world. Many religions detested this and others embraced it. Some based their teaching s on pure science and questioned every living thing as a question to an unsolved experiment. Although some people didn t understand the being and the reason for the outcome they still believed that there s was God out there that created their existence. Christianity first started with the base of Judaism. Judaism was the primarily religion for the Israelites before Christianity set forth. Christianity was instead viewed as God s chosen people and was commentated back to the New†¦show more content†¦Between 70-130 AD, Jew s started revolting against the Roman Empire. Jewish Christian s therefore were killed, and shipped back, to their settlement in the Palestine region. By the 2nd century Gentile s took the stance of Christianity but still struggled against the Roman s in order to protect their religion. Christian s were first seen as a group of Jewish religion and was later troubled with the Greco-Roman s. Many people in the Roman Empire believed that the Christians were brutally harassed by the Greco-Roman gods given the reason of the Great fire of Rome. However, Christian religion in the Roman Empire soon became legalized in the 4th century. It grew more strongly in than it did in the west and Christianity was able to gr ow stronger than before. Aside from Christianity, Christian s and Jew s were persecuted due to the failures on the Roman religion. The refused to state loyalty to the people of Rome as well as the Roman gods and goddesses. Even though the death rates was very small, the effect s showed greatly.a major factor of this disturbance was Constantine. He attempted to reform the Christian church into the government. By 330 s BC, Constantine allowed complete worship to all Christian. 4 He also allowed the Church to own property without paying taxes. It didn t last until the Greeks and Romans were affected by the god s and goddesses. They would worship them everyday, before an after every meals