Cost Of The American Civil War Essay Example | Topics and Well Written Essays - 250 words

Cost Of The American Civil War - Essay Example This research will begin with the statement that soldiers who engage in Civil War are doing so because they believe that their actions will ultimately lead to a better society for them, their family and their friends and countrymen. This essay discusses that many of the Confederate states that seceded from the Union did so because they knew that the abolition of slavery would not only destroy their way of life, but it would drastically hinder the families of the south to be able to properly make a living. The present research has identified that the entire economic system was based upon using African American slaves in the south to create crops that were used to engage in international trade with Europe at the time as well as to provide basic products and money to other families and services in the South. Likewise, the Federal soldiers fought to conserve their country that they believed so much in. From the research, it can be comprehended that the Confederacy was a direct threat to their way of life and the nature of the conflict bridging on war threatened the safety of their land and placed an even greater threat on the lives of friends and family. The researcher states that in both cases, each side fought directly to ensure that their way of life remained intact and that nothing would threaten their financial health or their safety. The real cost of the Civil war came in the form of not only financial cost but also in the cost of lives and resources in America.  

Risk and uncertainty Essay Example | Topics and Well Written Essays - 500 words

Risk and uncertainty - Essay Example In contrast, there is an uncertainty when individuals are not informed of the outcome or of its distribution. Some authors suggest that risk is about the outcome of events whereas the uncertainty is specifically related to its probability. An effective inventory management is essential to ensure the better use of inventory. If the prevailing economic and market conditions are favourable, the organisation may use the inventory at its best level to generate more profits. Likewise, the firm should not choose to use inventory on a large scale when the existing business conditions are not promising. Businesses should use their excess capacity once they identify an emerging opportunity to expand their market territory or to increase sales volume. For instance, firms may use their excess capacity in peak seasons to take advantages of the favourable market situation. A cake manufacturing company must use its excess capacity in festival seasons like Christmas, New Year, and Easter because there will be an increase in the market demand of cake during these seasons. By using the excess capacity, the company can improve its production capacity to meet the increased supply needs. In addition, a company can use its excess capacity when demand conditions are favourable. To illustrate, a company would experience increased demand for its products/services following a positive review by reputed agencies and therefore the company must increase its capacity to benefit from this particular business situation. A number of strategies can be used to minimise risk/uncertainty exposure during the product launch (Harley Davidson low-to-the-ground hover bikes). It is clear that the organisation would not be informed of many risks and uncertainties when it launches the product into the market. A prior market survey can really assist the organisation to minimise its risk/uncertainty exposure to a great extent. The business can make use of the wide popularity of the social