National federation of independent business vs. sebelius(2012) Essay

National federation of independent business vs. sebelius(2012) - Essay Example The exchange provides individuals and families with low income,at a certain poverty rate, an opportunity to receive the government subsidy towards purchases made in the exchange. In addition, minimum health insurance policy standards are established by the law. There were two major issues that formed the basis for the case and onto which the involved parties laid their claims. The first issue involved the constitutional validity of the Congressional law requiring the states to make a choice between losing Medicaid funding from the federal government and upholding the Obamacare (National Federation of Independent Business vs. Sebelius, 2012). On the other hand, the second issue involves the constitutionality of the Congressional law that pushes for the obtaining of health insurance by all citizens and imposing penalties for those who fail to comply (National Federation of Independent Business vs. Sebelius, 2012). In reference to the first provision of the Affordable Care Act (ACA), which requires all states to adhere to the Medicaid expansion parameters or experience withdrawal of the Medicaid funding, the 10th Amendment is violated. According to the court, as much as the unconstitutionality of the mechanism is evident, the courts only solution is redaction of the penalty to allow for free choice among the states concerning establishment of the proposed exchange without being treated with loss of the Medicaid funding (National Federation of Independent Business vs. Sebelius, 2012). As such, the court maintained that the unconstitutional coerciveness of the provision that withheld the federal grant was clear and evident. With reference to commerce clause, the ACT is unjustified. The court has never allowed the Congress to purchase a given product mandatory by utilizing its power to control commerce between states. As such, there ought to be an item of regulation for the regulation of intersta te commerce by the congress to be possible. On the

Statement of Purpose Essay Example for Free

Statement of Purpose Essay My objective for graduate studies in Science is to prepare myself for the long term goal of pursuing a career in teaching and research. I have chosen to work in the area of Science which requires good Mathematical and Computer Science background. This decision will give me ample opportunity to consolidate my creative energies. My education suits this field as I have a Bachelor’s of Science with Honors in the field of Mathematics. I started teaching as soon as I finished BS (Honors) Mathematics in 2007. I taught Mathematics, Physics and Computer Science subjects to high school students, and greatly enjoyed this work. I live in Gujranwala, which is the seventh largest city of Pakistan. My surrounding has profound impacts on me. The social, economic and political instability in the region has stimulated me to play my part in the development of the people. Teaching gives me a sense of constructive participation in the region by giving others an intellect and funneling their energies in the constructive direction. At undergraduate level, I have studied courses both, analytical as well as numerical methods for Mathematical Modeling and Simulation, and Numerical Solutions of Ordinary Differential Equations and Partial Differential Equations with Analytical solutions. I have learned and developed capabilities of programming using C/C++, Matlab and Mathematica. Moreover I have studied subjects in Physics, Mechanics, Quantum Mechanics, Fluid Mechanics, Analytical Dynamics and Computer Networks. Pakistan is a developing country with insufficient experts in science. To serve the needs of this industry, science needs to be developed and used. Thus conditions here are very conducive towards an application of my aspirations, when I return after completing my graduate studies. I would consider it my privilege to be able to pursue my graduate studies in Sweden and avail the excellent infrastructural facilities and research opportunities offered by university. I am sure that the stimulating academic environment and interaction with the distinguished faculty at university will prove immensely fruitful and facilitate my development as an individual researcher in my field.

Profitability of going green

Profitability of going green Green Environment Analysis Financial planning and financial analysis are some of the major aspects on which the entire capability of an organization depends upon. When it comes to organizations, then the name of net productivity and efficacy are some of the major things that stride under its capability and effectiveness. Increasing the shareholder’s net with the help of effective and timely decisions is an important aspect from the viewpoint of an organization and organizations always required to have effective economic decision on the basis of different information. Finance is a broad field which has the tendency and capability to analyze the effectiveness of the financials of an organization and the tools which used to assess the same. Financial analysis is one of those tools which is used for the same purpose in a market. The main theme of this section is the continuation of the same project which is of Waste Management and Going Green. As the company is new one, hence most of the answers are on the assumption basis. We will analyze the firm from different angles, like, profitability, market share, asset management and liquidity and all of these sections are important to cover in this particular analysis. We have considered the company of Waste Management in which we are trying to save the earth by Going Green. The name of our company is Green Environment and it is a hypothetical company. The idea of the project is new as well as effective and there are certain aspects and risks which will affect the business from different viewpoints. There are two different types of risk which is associated with our project which are systematic risk and unsystematic risk. Systematic risk is the one that could not be diversified while unsystematic risk could be diversifying accordingly. The systematic risk which we will be facing in our project is the high regulations of the government and other international governmental organizations that will use different amount of regulations on our projects and we have to comply with them accordingly and effectively at the same time. There is a need to get sufficient support from the government and central bank related to this particular stance, like government initiation to increase the financial aspect of the company would be effective for the company in future. On the other hand, there are unsystematic risks as well that associated specifically with the company which are investment concerns and high competition. The company can diversify their portfolios of products as well as investment securities by diversifying their portfolio and investing in different securities to get the desired result, while competition could be resolved by decreasing the price recognition of the company accordingly and become economically active an d prosper. Part-2 Financial Ratio Analysis There are two different parts of this particular analysis which is required in this section of the report, which is economic analysis in which different risk factors both systematic and unsystematic would have been analyzed accordingly along with the analysis of the financial capability of the company. There are number of ratios which could be used for the same purpose. Financial forecast has been done on the basis of the years from 2014 to 2018 and all of the currencies are in Arab Emirati Dirham (AED). Profitability Analysis Every organization strives hard for profitability and maximizing the net worth of an organization. It is always required to have sufficient actions and activities from which the profitability of an organization could be enhanced accordingly and effectively at the same time. With the help of profitability analysis, organizations can get apprehension over their effectiveness in particular. There are two different ratios that used to come under the same ambit with the names of Net Profit Margin (NPM) and Gross Profit Margin (GPM) and both of these ratios are essential for the sake of an organization as far as increasing their financial capability is concerned from different slants. Net Profit Margin (NPM) Net profit margin is an important measurement of financials used by the analyst of an organization. It is one of the most important and widely used tools used by the organizations to analyze that how much net profit earned by a company on the basis of its net sales. Net worth and capability of an organization would have been analyzed considerably with the help of this particular ratio. The NPM of the selected company for five forecasted years is mentioned below From this above mentioned analysis, it is found that the NPM of the selected company will lie in a remarkable range which can be analyzed from the above mentioned table and graph. The NPM of the selected company was 62.5% in the financial year (FY) 2014 which increased and then decreased with similar percentages of 4.17 for years 2015 and 2016 respectively. The NPM of Green Environment will increased for two consecutive years by 4.17% and 8.33% in the years 2017 and 2018 respectively showing the capability of the company to increase its financial belongings. The average NPM of the selected company is 66.67%, showing that the company has the ability to generate AED 66.67 from the net sales of AED 100. Gross Profit Margin (GPM) Likewise NPM, Gross Profit Margin (GPM) is yet another important ratio that comes under the ambit of profitability analysis. This particular ratio diverse that how much gross profit earned by the company on the basis of its net sales. With the help of this particular ratio, an analyst can analyze the effectiveness of managing the cost of the company accordingly. The lower the cost, the higher will be the gross profit of the company. The GPM of the selected company for the next five years is mentioned below It is clear from the above mentioned table and chart that the GPM of the selected company is quite high and effective which is an evidence that the company has the capability to increase its financial belongings accordingly and effectively at the same time. The GPM of Green Environment will be 75% of its sales in the year 2014, which increased to a level of 83.3% in the year 2015, showing an increase of 8.33% as compared to the same period of last year. An increment of 4.17% and 2.08% has been envisaged in the financial years (FY) 2017 and 2018 respectively. The average GPM of the company is 80.25% for five forecasted years, which is quite high and effective as well for the company showing that the company has the power to mitigate its direct cost and increase its financial belongings accordingly. Asset Management of Efficiency Ratio Asset Management Ratios also known as Efficiency Ratios are some of the effective ratios that used to analyze the capability and ability of an organization as far as managing its operational assets accordingly. The higher the asset management ratio’s amount, the higher will be the chance for the company to have high inclination towards the analysis. There are two different ratios which could be used for the same purpose, with the name of Return on Assets (ROA) and Return on Equity (ROE). Return on Assets (ROA) Analysis Return on Assets (ROA) is a measurement or financial tool used to assess the capability of an organization as far as managing its operational assets are concerned. It is one of the most important ratios that used to assess the profitability of an organization in terms of utilizing its assets accordingly. The computed ROA of the company is mentioned below The above analysis is showing clearly that tendency and ability of the company as far as utilizing its operational assets effectively. From the analysis, it is clear that the ROA of the selected company in the year 2014 will be 31.25% and it increased by 16.37% in the year 2015. The ROA of the company has the capability to increase accordingly each year with regular and effective percentages, like it increased by 8.14% and 13.95% respectively for years (FYs) 2017 and 2018 respectively. The average ROA of the selected company is 44.21%, which is quite high and effective and the company should grow accordingly on the basis of these high amount of ROA in particular. Return on Equity Analysis An analytical tool which is used to analyze how much effective and organization in terms of utilizing its net equity is known as Return on Equity (ROE). It is one of the most important tools that come under the ambit of financial analysis used by the analyst to increase their investment return. The computed ROE of Green Environment is mentioned below Table and graph mentioned above is showing the tendency of the company in terms of utilizing its equity accordingly. The ROE of the selected company was 25% in the year 2014 which increased by 8.33% in the year 2015 and then decreased by 208 basis points in the year 2016. The ROE of Green Environment increased for two consecutive years by 7.97% and 3.64% for years (FYs) 2017 and 2018 respectively which is quite high. The average ROE of the company is 34.33%, showing that the company is able to generate 34.33 AED from its net Equity amounting to 100 AED. Liquidity Ratio Analysis Liquidity Ratio Analysis (LRA) is one of the most important ratios that come under the ambit of Liquidity Analysis and the ratio which is used for the same purpose is Current Ratio (CR). Current Ratio Analysis Current Ratio is an important ratio that comes under the ambit of Liquidity Analysis. It is a ratio that used to assess the capability of an organization as far as meeting with the financial obligation is concerned. A CR of higher than 1, is an indemnity that the company has enough capability to meet with its financial obligations and promises in particular. High amount of CR is always be effective from the viewpoint of an organization. The analysis is clearly showing that the Current Ratio (CR) of the selected organization lies in a good and sophisticated range which could be found from the above mentioned analysis. The CR of the company will be 1:33 in the year 2014 which decreased by 8, 5 and 12 basis points in the years 2015, 2016 and 2017 respectively, but still manages to keep it on the level of 1. The average CR of Green Environment is 1:20, showing that the company has the ability and stance to meet with its current financial obligations in particular and able to meet with its short term financial promises as well. It is an important ratio that used for different purposes in an organization and usually banks would used this particular ratio to analyze the paying back stance of a company. Solvency Ratio The ratio which used to analyze that how much active an organization as far as meeting with its long term financial obligations in particular. This particular aspect is known as Solvency Ratio. The ratio that comes under the ambit for the same analysis is Debt to Equity (D/E) ratio and it is an important ratio used for the purpose of analysis. Debt to Equity Ratio Analysis A ratio that is used to assess the proportion of debt in equity of a company is known as debt to equity ratio. It is one of the most important ratios used for the long term liability is concerned and it is particularly known as Solvency Ratio in particular. The provision of the same ratio is quite high and it is equally beneficial for Green Environment as well. From this particular analysis, it is found that the total debt to equity of the company is perfect that les in an effective environment. The debt to equity of the company lies in the range from 0.80 to 1.02, which is quite effective in particular. This particular aspect is effective from the viewpoint of the company. The proportion of debt in the equity of the company on average is quite low which 25% is only while rest of the equity has been financed with equity which is quite high and effective. This particular aspect is showing that the level of solvency of the selected company is quite high and effective and it is one of the most important sign for the company as far as their future economic consequences is concerned and Green Environment should prolong the same. Market Value Ratio Investment is an important aspect from the viewpoint of an organization and no organization could be in the sake of economic prosperity and expansion without having high amount of investment associated with it. There are number of ratios that could be used for the same analysis and among them, the name of Earnings per Share (EPS) is one of them which have its own importance and recognition lies in a broad nutshell. Earnings per Share (EPS) According to International Accounting Standards (IAS-13), every organization is required to show the share analysis on the basis of its income statement. High EPS is always be effective from the viewpoint of an organization. The earnings per share of the selected company are effective and high and it is showing that the company has the ability to increase their economic belongings with the help of effective and timely strategies in particular. The average EPS of Green Environment is 1.18 AED which is showing that the company is economically prosper and active and it would remain in the same jurisdiction for a long span of time. The market value and market tendency of the company is strong and high which leads to increase the financial and strategic prosperity of the company for a long span of time. Conclusion â€Å"Green Environment† is a non-profit organization which wants to improve the standards of waste management in Emirates. This is a newly born company and therefore it needs the support of government and other organizations. The company is a hypothetical one, which is trying to make such

Knowledge Essay -- essays research papers

Knowledge   Ã‚  Ã‚  Ã‚  Ã‚  Knowledge can be interpreted in many different ways. Some may see knowledge as learned education. Others may see education as intelligence. None of these perspectives of knowledge are right or wrong. Every person is entitled to their own definition, source, and use of knowledge in their lives. I view knowledge as the wisdom and insight that one may acquire over time, by personal experiences and influences in life.   Ã‚  Ã‚  Ã‚  Ã‚  Most of the basic knowledge acquired by people starting at a young age is in school. As young children, we learn elementary facts such as our numbers and the alphabet. The older we become, the more facts we are taught, and the more complex these facts become. The knowledge one may learn in school is what I think of as worldly knowledge that will get people into the colleges and jobs that they may desire. The people that are abundant in educational knowledge are the people who dominate our economy and run our country. Certainly, this is one of the more important types of knowledge there are and definitely one that we could not do without, but it is not quite as important as some of the others. Education is vital in life, but mere facts cannot aid in the solution to all problems.   Ã‚  Ã‚  Ã‚  Ã‚  Another source of knowledge is entertainment, such as in television, movies, books, or even music. Certain types of entertainment can even be education. For example, television shows such as â€Å"20/20† or â€Å"DateLine† are both very informative shows, but interesting e...

Feminism Essay -- essays research papers

I have been exposed to many forms of feminism. Many different ideas, concepts, and situations have been brought to my attention, enabling me to formulate my own loose definition of feminism, and to take those concepts with me to utilize in my life as a woman in order to obtain the life I deserve. To first understand feminism, one must be aware of the factors and forces that made—and still make—the fight for women’s rights such a relevant necessity. For example, women are mistreated and undervalued in athletics. Sharon Lennon, author of What is Mine, was taught this lesson young, as an excellent female softball player on a male team. After asking to play catcher in a game, the coach responded, â€Å"All right†¦but you’ll have to wear a cup† (Lennon, 215). This continues through less attention and money allotted to female teams, as well as fewer and lower-valued scholarships for female athletes. In academics, women also suffer from sexism at the hands of sexist males in higher positions. In her essay High School Lowdown Miranda J. Van Gelder recounts numerous clear cut instances of such sexist acts as male teachers asking female students to lift up their skirts, making comments referring to the girls taking their ‘rightful place in the kitchen,’ and referring to girls by demeaning pet names (Van Gelder, 305). According to Myra and David Sadker’s â€Å"Failing at Fairness,† boys receive more challenging questions, more attention from the teacher, and more helpful feedback. From elementary through college, girls receive less and lower quantity instruction, fewer scholarships, and suffer economic penalties after college: ‘female’ jobs are poorly, while women in ‘male’ jobs are still paid less then men in the exact same jobs (Sadker, 90). Inequality is clearly and painfully evident in the workforce. Twelve million women work full time in jobs which pay below the minimum wage. White women received only 71.2% of a white man’s earnings as of 1995, while Hispanic and black women only made between approximately 53% and 64% of a white man’s salary (Wage Gap, 86). While women comprise up to 50% of professional employees, they hold less than 5% of the upper level and senior management positions. As Mary Mattis found out, â€Å"60% of human resource managers who participated in [her] study reported that putting women in line jobs was perceived as risky† (Lopez, 82). it can only be â€Å"pe... ...efforts, seeing more suffering than benefits, knowing the benefit will grace their posterity. These amendments and revolutions must also be in the benefit of a diverse group of women, embracing them all; otherwise, feminism could not be called a fight for women’s rights if it left any women unaccounted for and uncared for. women are separated when diversity is mishandled and ignored. Not all women’s experience are going to be the same, and just because they are not the same does not mean that one is not just as valid as the next. From this class and my comprehension of its content, I have seen my own compliance to patriarchal enforced ideals and I have begun to challenge that. My speech, thought processes, and confidence have already been effected and are reflecting the evidence of my new knowledge. I will push for what is withheld from me but that I deserve as a woman. I am holding me head higher, knowing that I am worthy of better treatment than I receive. I will stop visualizing myself as I appear to others when I walk into a room, analyzing my every move myself! I deserve to be respected, not treated as an object, either by strangers†¦.or myself.   Ã‚  Ã‚  Ã‚  Ã‚  

Anne Robert Jaques Turgot and His Relevance to the French Revolution :: essays research papers fc

Introduction Anne Robert Jaques Turgot, baron l' Aulne, was born in Paris on May 10, 1727 to a noble French family of Normandy. Following in the footsteps of his ancestors, who had furnished the state with numerous public officials, Turgot would achieve public renown as Intendent of Limoges and later as Controller General of all France. Although Turgot ended his public career in unfortunate circumstances, being dismissed by Louis XVI for ineffectiveness, his political theories became a major influence in the remaining years of the Old Regime. The depth of Turgot’s economic thought was not recognized at the time because it largely went against what the ruling aristocracy wanted to hear. His clairvoyance is much more fully noted in light of the last two centuries. Furthermore, Turgot was one of the King’s last controller-generals before the French Revolution ended the monarchy. When his political and economic ideals are considered against this backdrop their importance as well as thei r contradictory nature become apparent. Turgot's main contribution to economic theory is his Reflections on the Formation and Distribution of Riches. Apart from this short but highly systematic account of the nature of economic development, Turgot's other relevant writings are sparse and far from cohesive. Since this paper will consider his economics with regard to his political thought, only Turgot’s theories on the nature of government influence, free trade, and taxes will be examined. Furthermore, an explanation of Turgot’s theory on administration will be provided. In gaining an understanding of Turgot’s political and economic thought a powerful example of the problems that manifested themselves in the revolution is provided. Turgot was the model of an enlightened, reform-minded administrator and this may be glimpsed in the liberality of his economic ideas. However, while he certainly advised reforms in administration, they were simply intended so that the King could more effectively centralize pol itical power. Laissez-Faire and Free Trade: As a young man Turgot was very close to Claude Marie Vincent, the Marquis de Gournay. Vincent was not only a friend but also Turgot's mentor in economics and administration. It is in tribute to Vincent that after his death Turgot developed his ideas on laissez-faire government in a paper called, the "Elegy to Gournay" (1759). Within this paper Turgot condemns the foolishness of mercantilist regulation of industry while expounding the benefits of free domestic and foreign trade following from the presence of free exchange. In a detailed analysis of the market process, Turgot writes that self-interest is the prime mover in the market process and that in a free market the individual interest must always coincide with the general interest.

Hiring an Accredited Administrator Essay

Several registered ISO certified companies are providing services to develop your standards according to the ISO. An ISO certified accredited administrator guides you throughout the entire process of standardization. For instance, in writing company’s policy statement, and sometimes even in complex operating procedures. A firm can hire ISO accredited registrar who has knowledge and background about the firm’s business. Nonetheless, the price of accredited administrator and registrar depend on numerous factors like nature and size of business. Objectives of ISO 9000 Design control, quality system, management responsibility, documentation and data control, process control, order entry, training, inspection of test status, delivery, handling, storing, packing, servicing, measurement and test equipment, statistical techniques, and internal quality audit are some of the main objectives of ISO 9000 Quality Management Systems. Cost of ISO 9000 The cost of implementing ISO 9000 standards in any type of company depends on several factors. Usually, gap analysis is employed when evaluating implementation cost. However, the factors which make an outline about cost focus on the following questions: how long will it take to develop your company’s quality management system working with ISO team? Registrar charges vary from country to country. What is the size of your company? Does it conduct business on international level or domestic level? How many people will be involved in setting up the standards whether you hire a person from outside or not? Normally, in gap analysis, companies calculate two kinds of costs: external and internal. Both include services and consultancy professional charges that include gap analysis, system documentation, system developing, training and awareness, system modifications, internal auditing services and so forth. Registrar fees like, application and registration fees, Product cost includes software and publication. Advantages and Disadvantages of ISO 9000 Advantages. The advantages of ISO 9000 are numerous such as maintenance of quality; opportunity to compete with bigger companies; clarity of customer focus; verification of the company; enhancements in facility performances and superiority as a result of implementing and maintaining the process; and increase in customer confidence and satisfaction. According to Ridley, â€Å"in organizations that are registered to ISO 9000 standards, the impact on control systems is significant. Besides, all your business partners agree that your company is producing product in highly standardized environment, which is not a small benefit. (Ridley, 1997) â€Å"The ISO 9000 registration process requires so much documentation and self-assessment that many businesses that undergo its rigors cite increased understanding of the company’s overall direction and processes as a significant benefit. † Moreover, the ISO 9000 certification process emphasis on self-analysis and operations management issues encourages various internal areas or departments of company to interact with one another in hopes of gaining a more complete understanding of the needs and desires of their internal customers†. (ISO 9000: Encyclopedia of Small Business). In addition, small business owners and large firms’ owners have agreed that ISO 9000 standard certification may be a good tool, which ensures funding from joint venture capital firms. According to another researchers Brewer and Mills, â€Å"ISO provides consistency for the end-customer and traceability for the company itself† (Brewer and Mills, 1994) Disadvantages of ISO 9000 Despite the advantages, there are some disadvantages as well. According to Sadiq, â€Å"senior management’s lack of understanding of the benefits they can derive by effectively implementing the standard also plays a role in creating this negative perception. In many situations top management– not understanding the standard or not having been trained in it-starts to view the standard`s requirements as a non-value– adding burden. † (Sadiq, 2002) Business executives and proprietors who are familiar with the ISO 9000 registration process know that this process may take several months to complete. Moreover, too much time is lost in proper documentation, which sometimes looks a hazardous job. According to Bibby â€Å"it virtually ignores the formulas of modern quality management: there is no mandate to reduce cycle time, cut inventories, speed up deliveries, and increase customer satisfaction†. (Bibby, 1996) Nonetheless, to achieve maximum advantage from this standard, standard languages are required for documenting good procedures. A well-managed system that implements practices can be applied throughout the organization. The documentation procedure should cover all parts of the organization within a certain limit and scope of registration in order to insure that quality objectives are met. A third party may be hired to measures audit models and to verify the certification of organizations. Future of ISO. The ISO 9000 is finally being modified according to the growing needs of the business community all around the world. The family of ISO 9000 and 2000, known as the family of Quality Management System standards, was finalized on 2000. According to Meyer, â€Å"the pressure for companies to become ISO 9000-certified is absolutely increasing and will continue to increase†. (Meyer, 1998) Nowadays, these standards are being distributed to the institute of ISO’s worldwide membership. In this regard, the three final draft international standards, which have been published, are as follows. †¢ â€Å"ISO/FDIS 9000, Quality management systems – Fundamentals and vocabulary †¢ ISO/FDIS 9001, Quality management systems – Requirements ISO/FDIS 9004, Quality management systems – Guidelines for performance improvements†. (What’s the Future of ISO? ISO 9000:2000) â€Å"The ISO Action Plan for Developing Countries defines a number of actions intended to mobilize its members, regional organizations and donor agencies. The actions are aimed at promoting developing country participation in ISO, building capacity through technical assistance programmes and enhancing interactions at regional and international levels. † (What’s the Future of ISO? ISO 9000:2000) ISO has planned some points for the developing countries for the period of 2005-2010, which includes the following: †¢ Intensify awareness among shareholders in developing countries for standardization of economic growth, global trade, and reliable development. †¢ Increase domestic and international cooperation in order to share training, experience, communication, technology, and communication †¢ Expand electronic communication and expertise in information technology tools to take part in global standardization †¢ Enhance participation in technical and governance work of international standard organization to voice priorities. Economic Benefits of ISO As most of the domestic and multinational organizations adopted ISO standards, it increased economic growth and played a fundamental role in globalizing the business world. Certainly, standards create environment for economic success. Equal sets of standards throughout the business world provide business partners an opportunity to trade globally without hesitating about product quality. In this regard, the primary objective behind setting one global standard is to reinforce the global business as a channel of economic activity. The fair market value of small firms registered with ISO 9000 in the year 1994 increased dramatically up to 0. 75 percent. International large firms have experienced more than 0. 80 percent worth of their business. As product quality has improved, public limited companies’ share prices have increased. â€Å"In the UK, the DTI commissioned research revealed the following facts: †¢ Standards make an annual contribution of ? 2. 5 billion to the UK economy; †¢ 13 per cent of the growth in labor productivity is attributed to the role of standards; †¢ Standards are an enabler of innovation and facilitator of technological change; and †¢ The economic return from investment in standards makes sound business sense at both the macro and the micro-economic level†. (TC_211_Newsletter_08. doc) Conclusion In today’s world of economy, the barriers of international trade have been knocked down. Domestic and multinational companies have enhanced their level of performance in order to survive in today’s global world. Today, ISO 9000 standards are globally accepted. They help companies achieve cost effectiveness and quality assurance methods. Many small- and large-scale firms around the world have been adopted ISO standards. According to Ingman, a resercher in this area, â€Å"most organizations will not stop with ISO as their â€Å"only† main quality initiative, but rather will continue to work toward the broader concept of total quality management (TQM)†. (Ingman, 1994) References Brewer Peter C. , Mills Tina Y, (Feb, 1994), Journal Article, ISO 9000 Standards: An Emerging CPA Service Area – International Organization For Standardization. Bibby, Thomas, (Apr 1996), ISO 9000, A Catalyst, Not A Solution, Manufacturing Engineering, EPA – Environmental Management Systems/ISO 14001 http://www. epa. gov/OWM/iso14001/isofaq. htm Accessed, May 12, 2007 How to Pursue ISO Certification http://www. isixsigma. com/library/content/c000917c. asp Accessed, May 12, 2007 ISO 9000 †¦ for better or worse,( Sept 25, 1997) American Metal Market, ISO 9000: Encyclopedia of Small Business http://business. enotes. com/small-business-encyclopedia/iso Accessed, May 12, 2007 ISO – International Organization for Standardization http://www. iso.org/iso/en/iso9000-14000/understand/basics/basics9000/basics9000_2. html Accessed, May 12, 2007 Meyer Harvey R, ( March, 1998 ). Journal Article, Small Firms Flock To Quality System – Intl Organization For Standards’ ISO 9000 Certification – Includes Related Articles, Nation’s Business Not Available www. geog. leeds. ac. uk/staff/m. blake/magis/glossary/esriglos. htm QUALITY MANAGEMENT WITH ISO 9000 http://www. bioingegneria. uniba. it/bollettino/qualita/q_management. html Accessed, May 12, 2007 Ridley Jeffrey , (August, 1997), Jounal Article, Embracing Iso 9000 – Generic, Organizational, Quality-System Standards. Sadiq, Naeem, (Oct 2002), Jounal Article, ISO 9000 Standards: Where’s The Value? Ingman, Lars, Journal Article, (Jan 1994), Life After ISO 9000 TC_211_Newsletter_08. doc http://www. isotc211. org/Outreach/Newsletter/Newsletter_08_2005/TC_211_Newsletter_08. doc Accessed, May 12, 2007 What’s the Future of ISO? ISO 9000:2000 http://www. isixsigma. com/library/content/c000917e. asp Accessed, May 12, 2007 Where ISO 9000 came from and who is behind it http://www. iso. ch/iso/en/iso9000-14000/understand/basics/basics14000/basics14000_1. html Accessed, May 12, 2007.