Is Project Accounting Really That Important - 1217 Words

Is Project Accounting really that Important? Project accounting is a practice that is used by businesses and organizations of all sizes. During the process of completing this system, leaders use the information gathered to create, plan, manage and control projects that are being completed by the organization. The goal of project accounting is to track the progress of these projects through financial reports. This information is then used to determine if the project is on-track, staying within budget and whether the project needs adjustments to the overall plan and structure of the project. One common concern that business leaders have is that the time, effort and money that is spent utilizing project accounting is not as valuable as one†¦show more content†¦This is also a process that is able to analyze every step stage of the project. This is beneficial because it helps businesses to know that they are staying on budget and whether the project will be completed on time. Along with budget, project accounting is also a crucial process that helps to determine ROI. Without the data provided by a project accounting system, a company would never be able to determine how much income was generated from a project. Project Accounting in Real Life There is really no denying that project accounting is something that is a laborious task. However, without it, research has shown that businesses aren t nearly as successful. One prime example of this concept comes from government agencies. According to PMI research, barely half of government strategic initiatives are able to meet their original goals and intent of the projects that they are completing. One reason that this is the case is because only a third of the agencies included in this research truly understand the value of project management. For those agencies that did understand and embrace project accounting, there were notable differences in the results of their projects. The most notable organizations that were affected by project accounting were the Social Security Administration, The Bureau of Indian Affairs and the Federal Aviation Administration. Here were a few of the ways that these organizations were able to see success for their projects. Hands On Leaders This

Does She Encourage Thinness Free Essays

This essay examines the question of whether the iconic â€Å"Barbie Doll† (â€Å"Barbie†) causes young (5-8 year old) girls to desire thinness, thereby detrimentally effecting their self-image. Barbie, introduced to the children’s market in the 1950s, is a 9-inch doll created with what are widely regarded as imaginary proportions. Concern over the adverse effects of Barbie on children growing, Barbie’s figure was recently changed to reflect, among other things, a smaller bust and wider hips. We will write a custom essay sample on Does She Encourage Thinness? or any similar topic only for you Order Now Nevertheless, the controversy still remains: Does Barbie contribute to or even create negative body images in young girls? II. The Concerns: Barbie as Destructive Force Concerned parents and adult women who themselves were affected by the body size and shape portrayed by America’s favorite doll have expressed fear or conviction that playing with Barbie dolls may or does lead to a panoply of image-related problems in the youth who play with them. Little best examples the detrimental results of Barbie on children than the reputed decision of one adult woman to request that a plastic surgeon recreate her body and face to mirror Barbie’s. When examined closely, however, the woman – and, eventually, society – learned that Barbie, if created as a human being, would have feet too small to balance her body on, breasts too large to be supported by her tiny waist, and hips likely too narrow to bear children. Indeed, Barbie could literally never exist in reality. At core, those opposed to Barbie for image-related reasons posit that girls at particularly vulnerable ages are easily impressed upon by the doll they come to not only play with, but idealize. Those girls wish not only to do all the things Barbie does – become an astronaut or doctor – but look like her. While becoming an astronaut or doctor are attainable goals for most if not all young girls, achieving Barbie’s looks is not. Were Barbie not important, she would in fact have little if any effect over her fans. III. Why They Have Their Point Though Barbie may not be responsible for the destructive force many attribute to her, concerned parents and former Barbie fans do have their point: Women do not look like Barbie dolls. Though an ultimate compliment may be, â€Å"You’re so pretty – you look like a Barbie,† in reality Barbie paints a picture of women that does not accurately reflect nature. For children particularly, impressions are easily made at tender ages, when bodies have yet to develop and knowledge is limited. Therefore, the five- or six-year old child, who has little reason to know otherwise, will be prone to accepting Barbie’s figure and appearance as a true reflection of what she will one day become. The detrimental effects may be especially harsh on children without mothers or sisters in their lives, or children in families who perpetuate negative self-images via perpetual dieting or other behaviors. For those children – the ones who arguably need the most direction – they may â€Å"look to† Barbie for more and as a result shape their own self-images around her. IV. Anti-Barbie: A Correct Assumption Underlying the Barbie dissenter’s opinion is the assumption that Barbie’s fans are easily impressionable and that Barbie has enough power in their lives to effect self-perception. Little argument can be made as to the former assumption (few would dispute that 5-year-olds are easily manipulated); and, though there is room for doubt as to the latter proposition, popularity attests to Barbie’s frontrunner status in the children’s market. Year by year, Barbie is consistently a favorite among young girls, and over time has evolved from teen fashion model to wife to mother to career woman. Throughout all, her figure has remained unscathed, sending the perhaps subconscious message to the girls who idealize her that they, too, will look forever young and thin no matter how old they grow or how differently their bodies may be made. It is Barbie’s enduring popularity that makes her so central a figure in the lives of so many. V. Why Barbie Works Despite Her Flaws Despite criticism, Barbie may in fact little harm a young girl’s self-image. She is, after all, just a doll. Few girls are told, or even given the suggestion, that Barbie is a true reflection of women’s bodies or lives. Barbie no more accurately reflects women’s bodies than does Ken accurately reflect men’s, and she is not designed to. Barbie, rather, is a tool of escape. Children of ages five, six, and even eight and ten seldom if ever would be found focusing on Barbie’s proportions or dress size. They, rather, use her as a tool with which to engage in fantasy. Beyond this, while Barbie may be the most popular girls’ toy, she is far from the most determinative factor on a young woman’s self-image. Most girls discontinue Barbie play well before their adolescence, the time when most young women begin focusing on and comparing their bodies with others. The force of society on a girl’s self-image cannot be underplayed. To assign Barbie with greatly influencing a girl’s view of her body when she is bombarded with images of real girls in popular culture who are unnaturally thin (on television, in magazines, in film) is to assign to her more importance than she in fact has. While Barbie lives in the world of fantasy and toy, images of super-thin models and women abound in an adolescent’s very real world – in the magazines she reads and on the television programs she watches. In many instances, the superstars and celebrities she looks up to are unnaturally thin and encourage her to dislike her own body. Perhaps more importantly, a young girl’s friends and family likely have far more influence on a girl’s perception of herself than Barbie. If a girl’s mother is comfortable with her body, she will likely instill similar comfort in her daughter. If, in contrast, a girl grows up hearing her mother perpetually complain that she (the mother) is fat or otherwise inadequate, she may well internalize such thought process and apply it to herself. Peers, too, who complain that their bodies are inadequate in one form or another may cause self-doubt in a girl. VI. A Balance: Healthy Barbie Though Barbie may not have the effect on her fans that her critics assign to her, it is likely that she does have some influence over her audience. Barbie, a staple of the toy world, doubtless plays her part in society and in shaping the goals, values, and self-images of those who play with her. To some extent, Mattel, Barbie’s creator, has recognized and attempted to remedy some of the potential damage Barbie’s surreal figure may do on young girls by slightly changing her mold. Mattel, however, can do only so much, and even the doll sold today paints a false picture of what most girls will mature to look like. Short of Mattel creating a Barbie that comes in all different shapes and sizes, parents in particular can use their influence to minimize any ill-effects Barbie may potentially have. Children should be taught that bodies do not come in standard sizes, and that it is important to have a positive view of yourself no matter how you are built. For some households, this may entail limiting or completely erasing Barbie from the toy mixture. More ideal, however, would be to tell children that they are beautiful and fine, and that Barbie is what she is marketed as: Just a toy. How to cite Does She Encourage Thinness?, Papers

Kamdhenu Case free essay sample

DECISION ANALYSIS CASE STUDY Kamdhenu Case GROUP 5 Abhijeet Mahajan Amit Vijay Bishakha Majumdar Gaurav Khatri Sahil Sambyal Sakshi Makkar Vaibhav Rastogi Introduction: The Kamdhenu Dairy is a cooperative of the dairy farmers – located in Sanand, a small town in one of the western states of India. Set up with a goal to ensure a steady market and revenue for the small dairy farmers, the Kamdhenu Dairy supplies pasteurized milk to the State Government – in a fixed quantity (75000 litres/day), throughout the year. However, the production of milk has wide seasonal variations – with production of milk in winter being 250 % of that in summer. The additional milk is used for producing other milk products. The problems before the KD are as follows: 1. Finding the optimum product mix. 2. Deciding if they should continue with the loss making products – cheese and baby food. Question 1: Should Cheese be dropped from the product line ass suggested by Mr. We will write a custom essay sample on Kamdhenu Case or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ramaswamy? Answer: After the analysis, as is clearly visible from the value of the shadow price of the Cheese, it’s both positive and large than the values of other products. Hence, we should continue with the production of cheese. Microsoft Excel 14. 0 Sensitivity Report| | | | | | Worksheet: [DA Kamdhenu. lsx]Sheet2| | | | | | Report Created: 8/26/2011 3:52:39 AM| | | | | | | | | | | | | | | | | | | | | | Variable Cells| | | | | | | Â  | Â  | Final| Reduced| Objective| Allowable| Allowable| | Cell| Name| Value| Cost| Coefficient| Increase| Decrease| | $B$18| Solution x1| 7. 5957| 0| 503| 407| 55| | $C$18| Solution x2| 0| -55| 448| 55| 1E+30| | $D$18| Solution x3| 0| -366| 544| 366| 1E+30| | $E$18| Solution x4| 0| -555| 355| 555| 1E+30| | $F$18| Solution x5| 2. 4743| 0| 910| 923| 45| | $G$18| Solution x6| 0| -165| 745| 165| 1E+30| | $H$18| Solution x7| 0| -45| 865| 45| 1E+30| | $I$18| Solution x8| 0| -277| 633| 277| 1E+30| $J$18| Solution x9| 1. 83| 0| 1833| 1E+30| 223| | $K$18| Solution x10| 0| -223| 1610| 223| 1E+30| | $L$18| Solution x11| 0| -151| 759| 151| 1E+30| | $M$18| Solution x12| 0| -278| 632| 278| 1E+30| | | | | | | | | Constraints| | | | | | | Â  | Â  | Final| Shadow| Constraint| Allowable| Allowable| | Cell| Name| Value| Price| R. H. Side| Increase| Decrease| | $N$10| Cheese Constraint Total| 1. 83| 923| 1. 83| 2. 4743| 1. 83| | $N$11| Raw Milk Procurement Total| 11. 9| 910| 11. 9| 2. 615355172| 2. 4743| | $N$12| FA Milk Govt Supply Total| 7. 5957| -407| 7. 5957| 2. 4743| 2. 615355172| | $N$6| Butter Constraint Total| 2. 951592| 0| 10| 1E+30| 7. 0048408| | $N$7| Ghee Constraint Total| 0| 0| 2. 5| 1E+30| 2. 5| | $N$8| Milk Powder Constraint Total| 3. 587735| 0| 7. 38| 1E+30| 3. 792265| | $N$9| Baby Food Constraint Total| 0| 0| 5. 36| 1E+30| 5. 36| x1| x2| x3| x4| x5| x6| x7| x8| x9| x10| x11| x12| FA Milk + Butter| FA Milk + Ghee| SMP + Butter| SMP + Ghee| WMP + Butter| WMP + Ghee| Baby Food + Butter| Baby Food + Ghee| Cheese + Butter| Cheese + Ghee| SM + Butter| SM + Ghee| Question 2: What should be the production program for the Dairy if it had no contractual obligations to supply FA Milk to the State Milk Scheme? Answer1: The production scheme for both the summer as well as the winter months can be found out from the two tables by just looking at the final values. For Summer Months (May to August) Microsoft Excel 14. 0 Sensitivity Report| | | | | | Worksheet: [DA Kamdhenu. xlsx]Sheet2| | | | | | Report Created: 8/26/2011 11:46:17 AM| | | | | | | | | | | | | | | | | | | | | | Variable Cells| | | | | | | Â  | Â  | Final| Reduced| Objective| Allowable| Allowable| | Cell| Name| Value| Cost| Coefficient| Increase| Decrease| | $B$18| Solution x1| 0| -362| 503| 362| 1E+30| $C$18| Solution x2| 0| -417| 448| 417| 1E+30| | $D$18| Solution x3| 0| -352. 0344828| 544| 352. 0344828| 1E+30| | $E$18| Solution x4| 0| -541. 0344828| 355| 541. 0344828| 1E+30| | $F$18| Solution x5| 5. 089655172| 0| 910| 1E+30| 45| | $G$18| Solution x6| 0| -165| 745| 165| 1E+30| | $H$18| Solution x7| 4. 980344828| 0| 865| 45| 106| | $I$18| Solution x8| 0| -232| 633| 232| 1E+30| | $J$18| Solution x9| 1. 83| 0| 1833| 1E+30| 223| | $K$18| Solution x10| 0| -223| 1610| 223| 1E+30| | $L$18| Solution x11| 0| -106| 759| 106| 1E+30| | $M$18| Solution x12| 0| -233| 632| 233| 1E+30| | | | | | | | Constraints| | | | | | | Â  | Â  | Final| Shadow| Constraint| Allowable| Allowable| | Cell| Name| Value| Price| R. H. Side| Increase| Decrease| | $N$10| Cheese Constraint Total| 1. 83| 968| 1. 83| 4. 980344828| 0. 379655172| | $N$11| Raw Milk Procurement Total| 11. 9| 865| 11. 9| 0. 379655172| 4. 980344828| | $N$6| Butter Constraint Total| 7. 575451034| 0| 10| 1E+30| 2. 424548966| | $N$7| Ghee Constraint Total| 0| 0| 2. 5| 1E+30| 2. 5| | $N$8| Milk Powder Constraint Total| 7. 38| 31. 03448276| 7. 38| 7. 2215| 0. 5505| | $N$9| Baby Food Constraint Total| 4. 80344828| 0| 5. 36| 1E+30| 0. 379655172| Microsoft Excel 14. 0 Sensitivity Report| | | | | | Worksheet: [DA Kamdhenu. xlsx]Sheet2 (3)| | | | | Report Created: 8/26/2011 11:47:17 AM| | | | | | | | | | | | | | | | | | | | | | Variable Cells| | | | | | | Â  | Â  | Final| Reduced| Objective| Allowable| Allowable| | Cell| Name| Value| Cost| Coefficient| Increase| Decrease| | $B$18| Solution x1| 0| -140. 5624082| 503| 140. 5624082| 1E+30| | $C$18| Solution x2| 0| -184| 448| 184| 1E+30| | $D$18| Solution x3| 0| -386. 7825206| 544| 386. 7825206| 1E+30| | $E$18| Solution x4| 0| -390. 839891| 355| 390. 7839891| 1E+30| | $F$18| Solution x5| 5. 089655172| 0| 910| 1E+30| 51. 98678414| | $G$18| Solution x6| 0| -51. 98678414| 745| 51. 98678414| 1E+30| | $H$18| Solution x7| 5. 36| 0| 865| 1E+30| 102. 2026432| | $I$18| Solution x8| 0| -102. 2026432| 633| 102. 2026432| 1E+30| | $J$18| Solution x9| 1. 83| 0| 1833| 1E+30| 118. 5653451| | $K$18| Solution x10| 0| -118. 5653451| 1610| 118. 5653451| 1E+30| | $L$18| Solution x11| 3. 172259861| 0| 759| 58. 42079208| 127| | $M$18| Solution x12| 3. 548084966| 0| 632| 127| 58. 42079208| | | | | | | | | Constraints| | | | | | Â  | Â  | Final| Shadow| Constraint| Allowable| Allowable| | Cell| Name| Value| Price| R. H. Side| Increase| Decrease| | $N$10| Cheese Constraint Total| 1. 83| 1096. 565345| 1. 83| 3. 857694581| 1. 83| | $N$11| Raw Milk Procurement Total| 19| 632| 19| 1. 268870718| 3. 548084966| | $N$6| Butter Constraint Total| 10| 186. 4904552| 10| 2. 416245862| 0. 864100959| | $N$7| Ghee Constraint Total| 1. 841456098| 0| 2. 5| 1E+30| 0. 658543902| | $N$8| Milk Powder Constraint Total| 7. 38| 113. 7839891| 7. 38| 5. 169056106| 7. 38| | $N$9| Baby Food Constraint Total| 5. 36| 103. 2026432| 5. 36| 3. 103892192| 5. 6| For Winter Months (September to April) As can be seen from the above analysis, we will supply the following products -: Winter Months – 5. 09, 4. 98 and 1. 83 units for WMP + butter, Baby Food + butter and Cheese + Butter respectively. Summer Months – WMP + Butter 5. 09, Baby food + butter 5. 38, Cheese + butter 1. 83, Standardized Milk + butter 3. 17, Standardized Milk + Ghee 3. 54 units Question3: In case you were negotiating a contract with the state, what qua ntity of FA Milk would you commit to supply? Answer: As seen by the analysis done above, the quantity of FA milk is 0. Hence, the assumption that FA Milk is the most profitable product stands invalidated. However, we have an obligation to supply to the government as the main objective of the dairy is to supply to the government. So, we will only supply the bare minimum quantity. This will never exceed the lowest value (the value for June). However, if there is no such obligation, we will not supply any milk as it is not profitable to do so. Question4: In case the dairy was planning to expand its butter churning and powder drying capacity, how much money should it invest in this expansion? Answer: The amount of money which can be spent should be less than the profit which we can make from this. Profit which can be made = shadow price * increase in capacity (till the allowable increase limit) Also, there should not be any slack i. e. excess capacity for the products. If there is already excess capacity available, we would not be expanding. Thus, the amount which can be spent for expansion of butter storage capacity = 186. 5 * 0. 864 = Rs. 161. 136 The amount which can be spent for expansion of Powder drying capacity = 113. 8 * 7. 38 = Rs. 839. 844

Eps

Eps Education" ¦although we are faced with this word on a day to day basis, the actual meaning behind it may come as a personal interpretation rather than a set definition. Education to me is the expansion of ones knowledge and the learning of the basic day-to-day skills necessary for ones survival and the further development to possessing the key steps to later attaining a success life. In this definition, my personal interpretation of the word, the important aspects of education are held more within the actual "learning"  of skills and the "preparation"  for a life to come in a general way. I feel that rather than trying to teach people to be governors or teachers or politicians, we need to concentrate more on a practical level of teaching that gives everyone the necessary basic skill levels to succeed in life and set them up to then be prepared to choose what it is that they want to be.Education vs Experience

Your Complete Guide to Seasonal Jobs and the Holiday Season at Work

Your Complete Guide to Seasonal Jobs and the Holiday Season at Work As the calendar ticks down, it can be tempting to lean into the party season, and get sucked into a cycle of relaxing, celebrating, and otherwise winding down along with the waning minutes of the year. But really, this season is one that you can use to your advantage, whether it’s making extra money as a seasonal worker, bulking up your job search readiness for the new year, or stepping up your game at work while everyone else is knocking off early for egg nog happy hours. Comprehensive Guide to Seasonal Jobs  Surviving the Holiday Season  How to Maximize Your Holiday Break  Don’t Forget to Keep Up Your Job Search Momentum  Start Your New Year’s Resolutions Early  Let’s look at some of the careers)Surviving the Holiday Season at WorkIf you’re more interested in getting through the next month or two at the job you already have, we’ve got you covered there, too. It can be a tough time of year, with everyone trying to wrap things up to get out the door for the holidays, or even just finding motivation to get through your to-do list while more tempting options beckon. We’ve got your survival guide to getting through the holiday season at work:3 Tips for Staying Focused at Work During the Holidays7 Ways to Close Out the Year with a BangAnd don’t forget that festive minefield, the company holiday party. If you want to keep your work rep intact, here’s what not to do:Don’t Be These 5 People at Your Office Holiday PartyOr you can opt out altogether, and skip the chaos in favor of your own private celebration (whatever that may be). We’ve got your excuses ready to go:5 Festive Ways to Avoid the Office Holiday PartyThere are many, many temptations floating around this time of year, and if you’re not careful, they can trick you into making poor decisions, or just plain ignoring your professional obligations or development. You don’t have to become the office Scrooge, but a little extra care and attention to your work right now can go a long way.How to Maximize Your Holiday BreakHow many times can one person watch It’s a Wonderful Life, anyway? You’ll likely have down time at some point during this holiday season, and while you can still make room for the fun or family-related things you want to do, you can also take some of that time to work on your career momentum.For example, reflecting on the year that just passed is a great time to reflect on what you want to do next. New career path? New job? Want to go for that promotion? While things are a bit slow at work, this is your chance to start formulating your battle plan for the new year. You don’t have to make any definitive decisions, but we’ve got you covered as you start to think about what New Year You will be doing to achieve your goals.What You Absolutely Need to Know About Changing Careers4 Ways You Can Use Your Holiday Break to Gear Up for the New Year10 Steps on How to Get Your Finances in OrderYou can also use your break to devote some time and energy to a side hustle or a business idea, if you’re not quite ready to make a career or job jump in the new year. If you have a side hustle in mind, great! You have some time to work on developing it. If you’re not sure yet what you can or want to do, then you have time to figure that out too while you’re tuning out Uncle Phil’s latest fishing story.The Side Hustle: How to Make Money on the Side7 Strategies for Your Side HustleDowntime doesn’t have to be lazy time- think of the break as an opportunity to devote mental space to things that might usually get crowded out by everyday work and routines.Don’t Forget to Keep Up Your Job Search MomentumIf you’re looking for a new job, you might think that there’s not much point to keeping it up over the holidays, when people are less likely to be hiring/in the office/etc. Not true! Even if HR departm ents are slowing down for the year end, or you’re not seeing as many openings, there are still plenty of things you can do to make sure your hunt doesn’t go colder than Minnesota in December.How to Handle Your Job Search Over the HolidaysEven if you do put our active job search on hold over the holidays, you can put in a little prep and thinking to get yourself ready to hit the ground running come January 1.5 Killer Job Search Tips for the New YearTop 7 Trends That Will Help You Find a Job Next YearAnd if nothing else, you can always work on your resume!Top 6 Resume Template ResourcesResume Format Guide: What Your Resume Should Look Like in 2017Top Resume Trends for 2017This is a great time of year to hunker down and perfect your application package for the new year. You can get your resume in tip-top shape, start thinking about those personal and professional anecdotes for interviews, and maybe even find some good holiday sales on a new interview outfit. You donâ€⠄¢t have to put your professional development on pause just because everyone else is starting to check out for the year.Start Your New Year’s Resolutions EarlyWhile many of us wait until the calendar has safely flipped over to the new year, there’s no reason you can’t start thinking about how you’ll ease back into the usual grind (or an improved one).5 Ways to Get Back on Track After the Holidays5 Ways to Jumpstart Your Career in the New Year5 Ways to Be Happier at Work in the New Year6 New Year’s Resolutions for the Lazy Professional7 Ways to Keep Your New Year’s Health Resolutions5 New Year’s Resolutions Mark Zuckerberg Made That Can Inspire YouThe more thought and energy you put into your new year now, the more likely you are to stick to your new and improved self after the holidays are but a distant memory.The holiday season isn’t usually thought of as a hotbed of career activity, but you have tons of ways to make the seaso n work for you and your productivity. After all, year-end fun and celebration are important, but soon enough we’ll all be facing the cold glare of January. And when that comes, you can feel like you’ve set yourself up nicely for the coming year.

Case St. Marks Hospital and Oscar Yanez Study Example | Topics and Well Written Essays - 750 words - 1

St. Marks Hospital and Oscar Yanez - Case Study Example The researcher states that the healthcare providers in the hospital have to live with the fact that they did not do as their mission statement stated that they would do as they were busy thinking of ways of saving their income. Although this kind of operation is meant to help the larger community get better basic healthcare services, mismanaging one of their patients does not justify their seemingly good intentions. In any case, the hospital’s mission does state that it will provide the best healthcare services to everyone. It does not single out the uninsured and unregistered immigrants as undeserving of quality medical care. Furthermore, in its bid to help Oscar get repatriated back to Mexico, the hospital failed to consider the welfare of the family considering that Oscar is the family’s sole breadwinner. Even though the hospital cares to ensure that Oscar is discharged without being submitted to immigration authorities, it is clear that the rest of the familyâ€℠¢s welfare is not taken into account. Therefore, the way Oscar was treated was hardly ethical. Once again considering the mission of the hospital, it is beyond doubt that its actions regarding the priorities it has set highly are clearly against its mission statement. The hospital mission states that the organization will provide quality and emergency care to all patients. Ignoring the care of patients in need of emergency care or making this objective secondary to the provision of services such as immunizations, prenatal care, and other community programs clearly goes against ethics and the hospital’s mission. The hospital is a legal organization has the responsibility to report the existence or presence of illegal immigrants to appropriate authorities. In this case, the hospital is legally required was supposed to report Oscar’s presence as an undocumented immigrant to immigration authorities.

What does Unconscionable Mean Term Paper Example | Topics and Well Written Essays - 1750 words

What does Unconscionable Mean - Term Paper Example To identify whether that a contract is unconscionable or not one must understand and analyze the questions of competency, fairness, and honesty. A competent person would never enter to an unconscionable contract. Generally, the level of competency hinges on the age of a person. For instance, an adolescent singer who signs a contract with a music executive who shows unfair favoritism towards the music company than the court can rule it as unconscionable contract due to the relative expertise and age of the music director. Questions of honesty are concerned with whether the facts of the contract have been truly represented or misrepresented by one of the parties. The Times Magazine of July 3, 1986 reports a case of frail old man aging 80 years who obtained relief after having agreed to sell his bungalow for  £2950 when the actual price should have been  £29,500. The contract was declared void and deemed an unconscionable contract. Adhesion contracts are also categorized as a form of unconscionable contract. In adhesion contracts, a contract is prepared by one party on a â€Å"take it or leave it† basis. An employee named Paul Mantor worked for circuit city during 90’s. In 1995, the company planned to enter into a contract with the employees regarding signing an agreement for an arbitration program to prevent the employees from filing lawsuits as they resulted in prohibitive litigation costs. The managers admonished the employees to sign the agreement or either be prepared for termination. Mantor resisted from signing the agreement in the first place but was forced to sign the agreement by 1998. When he was terminated in 2000, he filed a lawsuit at the trial level court where it was ruled that the problem should be solved through arbitration since he had signed the contract.