Sport In Society Essay Example | Topics and Well Written Essays - 1250 words

Sport In Society - Essay Example Physical activity is an expression of emotion and competitive sport can have a beneficial impact when performed in favorable conditions (Cockerill, 1995). Sports participation generates transferable life skills and acquisition of motor skills can lead to enhanced self-esteem and self-efficacy. Fitness training has a beneficial effect on mood, performance at work, cognitive function and self-concept. It helps to ameliorate conditions like obesity and develop and maintain optimal fitness (Gilson, Cooke & Mahoney, 2005). Sport is an important factor in the development of the society which is why UNESCO has supported the demand to include physical education and sport in the Human Development Index (Schwery, 2003). Sport contributes to self-confidence and organizational skills. Sport is an essential element in the growth and development of the society. Its benefits are immense for the physical and mental well-being of an individual but much depends on the self-perception of an individual. the motivation and mood determine the outcome of participating in sport. Sport also fosters brotherhood and brings people together. However, globalization of sport is happening at a very fast pace. Globalization is inevitable and consumerism has given different dimensions to sport. It has led to heightened international understanding and cooperation; it has transcended national borders. Media has exploited the popularity of the sport and the sports people as the athletes are used for celebrity endorsements by marketers.

Financial Statement Ratio Analysis Essay Example | Topics and Well Written Essays - 3500 words

Financial Statement Ratio Analysis - Essay Example (basic raw material) plus an oven to bake the cookies (plant and machinery), and also a place to keep the oven (premises). Plus, not to forget, skilled labor (You've got to know how to make cookies OR hire someone who can.). Last but not the least, your have to find a way to sell the cookies - either hire a salesman with a fixed pay or hire an agent with a fixed share in profits (Selling and distribution overhead). All these factors would sum up to be the 'Cost' incurred on making the cookies. Based on this cost, you may decide your expected 'Selling Price' and thus the 'Contribution' per unit. (Activity Ratios) Also, to keep things going, you would need enough money readily available for your short term requirements (like buying more raw materials, paying rent, electricity bills, wages to employees, etc.) as well as for long term requirements (paying off debts, more money for further expansion, etc.). Also, you very well know that your creditors will supply you material on credit only if you are worthy of it. i.e. you are able to pay them in time. (Liquidity Ratios) In both the cases, money doesn't come free of cost. Business should be profitable enough. Both the parties would again, check your credibility as well as the worthiness of the business. In the first case, you would be liable to pay a fixed interest to your bank, regardless of what you make. In the second, you've got to make enough money so that you and your friend are glad that you invested in the business. Therefore, to be sure of what you are doing, at every moment you would be analyzing your 'profitability ratios', like you would constantly be calculating your earnings as against your investments (EPS) and comparing it with what ever was the next best use of your money (opportunity cost). Further, you could even decide your debt-equity ratio - how much share in the profit should be sacrificed for funds and how much should you borrow from the bank. And if you make handsome profits, how much of it should be invested back in the business (retained earnings). Or maybe you have better uses for your money and decide to take a further loan against your business from the bank so as to free your capital and maximize your returns on investment (leverages). Thus, organizing your 'Capital Structure' is a very basic and important decision. The point behind this entire example is that the smallest of small business would require analyzing their basic ratios to know how well they are doing. Without comparing various financial figures (ratios) we cannot make an informed decision. Without these, you will never know what can go wrong with your business. Before staring any business you must know in advance what you may expect from the business and what you should be expecting in return for your time, effort and investment. At any stage of the business you must know how much have you given to the business and how much the business can return back and what is the present condition as well