Tuesday, May 26, 2020
What You Need to Write About in Your Social Justice Topics to Write AboutYou need to write some social justice topics to write about if you want to write about the future of the world. You can't only talk about the economy and talk about money or about how the corporations are destroying the earth for their profit. You need to talk about other things too that you will read in books, or maybe in books that you download from the internet, but you will need to write about social justice topics too.When you are writing about the future of the world and you are talking about the future of humanity, you will want to write about social justice topics as well. You will also have a need to write about the future of the economy, and what the role of the government is going to be in the future. Because you will need to know how you are going to change things so that they are better.What do you mean by better? Well there will be a need to stop the wars that are going on now, and you will need to make sure that there are some peaceful changes in the future that will make the world a better place. And you will need to have a better idea of how to make the people better off, because then they will be happy and if they are happy they will be willing to work for it.You will also have to write about some of the things that will happen in the future if we continue to do the things that we are doing now. You will need to start thinking about the planet and some of the things that will happen if we continue to do those things, and you will have to look at the implications of all of the things that you are doing now, and what all of the pollution is doing to the planet.If we don't stop the pollution that we are doing now then we will find that all of the rainwater that we are taking will not be able to get to the oceans where it belongs. Therewill be all of the algae in the rivers and on the beaches that will die off, which will cause all of the fish to die off, and then the problem will get worse. That is the whole idea of the future of humanity.Now you have to realize that if the people that you are working with understand what is going on, then maybe you will be able to change them. You will have to be able to change people who are part of the government or corporate world. You will have to be able to convince them to change so that the future of the world is one where there is no war, or drugs, or corporations are not doing what they are doing now.People need to understand the reasons why they are making all of the decisions that they are making, and it is not just because they are greedy, or because they want to make more money. All of that is going to come out soon, and you have to be able to think about the future of the world. Think about the future of your children and of your grandchildren.
Saturday, May 16, 2020
Sample details Pages: 6 Words: 1727 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Narrative essay Did you like this example? When we come across into organizational culture, artifacts are the observable symbols and signs of it. It may be a very simple behavior that how their employees greet to their customer, how their employees are rewarded or punished in a positive way, or even the organization physical layout that actually represent their cultures. Artifacts are considered as a very important role out of the four methods of Changing/Strengthening Organizational Culture, because they potentially support the changes of an organization culture. DonÃ¢â¬â¢t waste time! Our writers will create an original "Physical Structures And Symbols Business Essay" essay for you Create order Moreover, due to some of the artifacts are hard to be seen in a short period of time, so the new comers to the organizations who wants to learn from their cultures, might take up a long times to actually understand the organizational culture. Nevertheless, if the new employee is willing to spend some time on it, they could do observation to their workplace from time to time, and interact with the staff to get more information of what cultures within the organization would be. In other words, artifacts could be identifying through four categories, which are physical structures symbols, organizational language, stories legends, and rituals ceremonies. Physical Structures Symbols The past British prime minister, Winston Churchill said We shape our buildings, thereafter, they shape us. This is to remind us that the building structure of an organization reflects its cultures throughout a companys building, designs of every employee workplaces, and some other workspaces for employees to interact and communicate with each others. For examples, in order to motivate employees of Google, Google has been always providing the most relaxing working environments to their employees, the Googlers. By doing this, Googlers might tend to talk more and come out with more creative ideas under the relaxing and luxury workplaces. After long hours of working, Googlers might wants to have a short break by visiting the massage room as reinforcement. Additionally, various type of snacks will be also provided at wherever workplace for them. As Google said that they want their employee, Googlers to love coming to work every day, not just for works and projects during the working hou rs, but for the exclusive cultures and buildings structures that gives them the opportunity to outshine their ability and professional to the works. It is also highly encouraged by Google that all the Googlers are recommend to be feel free to be themselves in the working environment, this has been carried out through their offices around the world. Moreover, most of the walls in the Googles company are surfaced with magnetic whiteboard material. The reason that they built this is to allow their engineers to point down the idea at anytime and anyplace when they figured out the solutions to problems. Much of the companys desk and chairs are flexible to be adjust, this is to suits the persons height to assist in the quality of works. Furthermore, they are proving a large are of floor space to overcome the bored casual meeting that held in the conference room. While if the hours of working forced to be extended, at least Googlers are still working in the enjoyable environment. These are what made Google Company to won for the top 1 out of 100 companies as Best Companies to Work For during the years 2007, 2008, 2011, and 2012, while 4th out of 100 during year 2009 and 2010. Organizational Language Language could be another way to identify the cultures in an organization. By how employee using words to address people, such as the way they greets within the organization, how they express anger or relax, how they reflects on customer service. Employee communicate using jargon within the company could be one of the best examples, it is the language of how a group of profession communicated with specialized terms such as, Google Company uses the word reboot instead of restart due to most of them are in the IT fields. Stories Legends Stories telling could be one of the most effective ways to communicate in the organization when there are new employees enter to the company. A legend could be how heroic a person have done in the organization, how that person help the company to solved problems. From how a person being rewarded, or being punished, telling all the stories and legends might show to the new comers what the company cultures are. A great story or legend told to the new comers could be a key where managers can motivate the new employee by showing the good behavior of the legendary. The communication between employee sometimes describe the real people in the organization, tell their past history and backgrounds, this is to help the new comers to get know more of their colleagues. Google Company are structured to reinforce their organizational culture, to assist Googlers to perform better and coming out with innovative ideas. Every employees are being Googley, which means that an every employee ever si nce joining the company should follow the accordingly with company values. Googlers came around the world, with a variety of backgrounds, this shows how uniqueness are them in the organization. In 2011, a thousand of Googlers be present at Sum of Google celebrations, which carry out in 30 countries and 52 offices. Every Googlers are told to submit a video clips that share their background, how they can be themselves in the organization during the Googler Storied Video Project., it is one of the event during the celebrations. Moreover, there is global network that connect more than 30 active chapters across the world, which is The Women at Google. While during the Women @ Google Speakers Series, Google had invited the most successful women to their company to share their stories, and how they succeed. Past guests being invited were political leader Madeleine Albright and Hilary Clinton, entertainers Tina Fey and Lady Gaga, and social activist Alice Walker and Gloria Steinem. Besid es, Googles senior women were also invited to talk about their stories and career paths, how they went through it. In addition, Google supports its employee no matter who they are, giving the chance for Lesbian, Gay, Bisexual, and Transgender an opportunity to work with them. This is how the LGBT community came across, to ensure that their employees are treating in fairness and equality. Besides, there is a legend that a couple of guys, who celebrate the accomplishment to their new products, by shaving their heads inside the Google mens room. Rituals and Ceremonies Rituals refers to the routines of organizational life that being programmed that have symbolic meaning. The organization is responsible to share the corporate values of their company to their employees. For example, Googlers had been told that there are 10 things that all of them should hold it as a motivation. The 10 things are: Focus on the user and all else will follow. Its best to do one thing really, really well. Fast is better than slow. Democracy on the web works. You dont need to be at your desk to need an answer. You can make money without doing evil. Theres always more information out there. The need information crosses all borders. You can be serious without a suit. Great just isnt good enough. From time to time, Googlers shall revisit to ensure if they are still with 10 of it. In November 2011, Google announced the winners of the Leadership Awards with 27 Googlers, according to their past accomplishment and contributions towards the c ompany. Each of them shows the passionate and the leadership skills within the organizations. Moreover, every Googlers follow a rule everyday with their works, which is the 70/20/10 rule. It is mean by, everyone of them have to spend 70 percent of their working hours to whatever project that are being assigned to them by the management, 20 percent of their working hours to come out with new ideas that is related to their projects given, and lastly 10 percent to and new ideas that they wish to suggest to their manager, regardless what they want to do. Problems Encountered With all of the best benefits from the Best Company to Work for, there are some problems being encounter due to the best benefits are given. Although a very relaxing and luxury working environments are provided in the Google Company around the world, without doubting there should be a great place to work for. However, there is some of the people out there who just want to enjoy within the organization without any contribution, this could bring a lot of matters to the company. With too much of enjoyment, people could lose their working attitude towards the job. Secondly, there was a lot of complain from customers regarding the Customer Service of Google are very bad in attitude. According to the Customer Service Scoreboard website, Google Customer Service is ranked 567 out of the 604 companies that registered. From here we know that they are really bad in customer service. There is also the reply from Google that they shared it on Google + and saying: If you have a billion users, and a mere 0.1% of them have an issue that requires support on a given day (an average of one support issue per person every three years), and each issue takes 10 minutes on average for a human to personally resolve, then youd spend 19 person-years handling support issues every day. If each support person works an eight-hour shift each day then youd need 20,833 support people on permanent staff just to keep up. Recommendation According to the first problem encountered and in order to overcome the problem statement, I am now recommend that Google should set up some of the rules for their employees, being strict to them is one of the ways to deduct the enjoyment towards them. While based on the second problem faced by Google, I recommend that Google should have a good conversation to their entire employee, they should have control with their attitudes towards their customer, and its always been said that The customer is always right, that shall follow this motto as their response to the customer service. From the above recommendations, the theory of Communicating in Teams and Organization should be applied to the issues. Google are recommended to have more communications to their employee, especially for those in the customer service department. As we know that the importance of communication is to coordinating work activities, organizational learning and decision making, and it could lead to the em ployee well-being in the organizations.
Wednesday, May 6, 2020
The similarity and differences between financial and managerial accounting, Management accounting is only used for internal operations and the financial is more external which is the overall financial picture and data collected by an organization that may have accountability towards the public, IRS and partners. Both are similar functions, but one is perhaps more in depth. The Target company purpose is design the show, review the project, inputs and outputs, expenses, and review all necessary steps involved with designing the shoes. There are a number of production methods in accounting and different systems that Target Company can use. The accounting system -managerial accounting is mainly used for internal purposes. Here are someÃ¢â¬ ¦show more contentÃ¢â¬ ¦Manufacturing overhead (also known as factory overhead, factory burden, production overhead) involves a company s factory operation. It includes the costs incurred in the factory other than the costs of direct materials and direct labor. This is the reason that manufacturing overhead is often classified as an indirect cost. The general professional accounted has accepted accounting principles require that cost of direct material cost, direct labor, and manufacturing overhead be considered as the costs of products for valuing inventory and for determining the cost of creating these shoes. An example, of manufacturing overhead include the depreciation or the rent on the factory building, depreciation on the factory equipment, supervisors in the factory, the factory quality control department, factory maintenance employees, electricity and gas for the factory, indirect factory supplies. The method of cost accumulation is detailed accumulation of production costs attributable to specific units or groups of units which is all expenses related to the production of said item. For example, the entire process of producing a shoe is the cost accumulation which encompasses all expenses involved with the making of the shoe. Within an organization remains a certain amount of control which allows for environmental changes, limiting the accumulation of error, coping with organizational complexity. Cost information is vital to any business. It is the
Tuesday, May 5, 2020
Question: The following questions are all based on the above Zambrero article published in Australia Unlimited. Basing your arguments on the topics that you have studied in the first five weeks of this unit, write a report addressing the following two questions:a) Entrepreneurs have been identified as having certain traits and characteristics. Discuss the extent to which Zambrero founder Sam prince exemplifies these traits and characteristics. Justify your response with reference to academic sources (e.g. academic journal articles, textbooks, etc.).b) The article clearly outlines what we might consider 'social entrepreneurship', whereby an entrepreneur establishes and/or leads an organisation or initiative engaged in social change. Outline three current trends that illustrate the social entrepreneurship movement. Again, you should be looking to use academic sources as the foundation of your review. Wikipedia or web blogs are not considered as 'sound' academic sources? Answer: Introduction: Sam prince, he is an entrepreneur. He is a Scottish-born Australian doctor with Sri Lankan running a chain Mexican restaurants and doing aid work in the Asia-Pacific in places like Cambodia, Sri Lanka and Vietnam (Levy, 2014). Prince started the restaurant Zambrero at what time when he was 21 years old. Many entrepreneurs display entrepreneurial performance long earlier when they get on their opening business enterprise (Volery, Mueller and von Siemens, 2013). At the age of 21, prince was at Medical School and work as a chef in a Mexican caf to shell out his way during university. In the restaurant Prince were establishing his obsession for Mexican food and for the purchaser that come to the Restaurant. This obsession for the product and services is marked in both Zambrero and Mexico, afterward his Mexican marketplace to counter restaurant in Sydney. Then he come up with innovative idea where h said that for every meal sold at Zambrero, a plate of food is donate to the rising world, which he used to called plate for plate. In 2010, he was nominated for Entrepreneur of the year. Prince is also a chairman and founder One Disease at a Time, were he worked for those people who are suffering from eradicating scabies, and its a disease common among local communities (Johnson, Freeman and Staudenmaier, 2015). His phenomenal success nominated him as a Young Australian in the year for 2012 for the Australian Capital Territory (Lerner and Watson, 2008). By the help of his innovative medical business and aid project he work for 100 men, and civilizing the lives of thousands people. By doing this kind of social work declared GQ in name him the 2011 Man of courtesy in its annual Men of the year list (Volery, Mueller and von Siemens, 2013) Analysis of entrepreneur traits/characteristics: In this case study, Dr. Sam Prince he is an entrepreneur and philanthropist (Volery, Mueller and von Siemens, 2013). He want to build a humanitarian organization devoted to social responsibility at the same time as providing bold, modern Mexican (Fried and Tauer, 2015). Entrepreneur traits and characteristics: 1. Passion - According to this case study Dr. Sam prince he is an entrepreneur and philanthropist. He is a social entrepreneur; his mainly focus on social work. Like in this case study his passion is to open a restaurant named as Zambrero on the other hand he used to help those people who are suffering from eradicating scabies. At the age of 21 he opens a restaurant which is well known for Mexican foods (O'Shaughnessy, 2015).2. While doing social work like for people who are suffering from aid, in this he learnt three instructions. First, before you do any type of aid works, you supposed to have a apparent perceptive of what you consider are a basic human rights and a basic human responsibility. As a doctor we obtain the Hippocratic promise of first does no harm. Second, when he feel back to working emergency department in hospital, he call the look of complete fear in the eyes of people who are suffer from heart attack. Third, have to run an aid organization with the similar strictn ess as you would a business (FECHER, CHAVES and MONZON, 2012).3. Plan everything- Now onwards, from Asia his focus shifted closer to home to native communities. The idea after One Disease at a point was spark by a discussion with one of his mentors, Frank Bowden. He is a lecturer of medical at the Australian National University Medical School. Prince thing that he can do this while being a doctor, aid worker and Entrepreneur. One more key person concerned with it Professor Jonathan Carapetis, his research exposed a link connecting skin infection which is cause by this scabies mite and the potentially fatel stiff heart disease (FECHER, CHAVES and MONZON, 2012). Recent trends in social entrepreneurship: Social entrepreneurship is additional market-driver, corporate friendly, dimension leaning than yet previous, said by an entrepreneur Jason Saul. Some current trends in social entrepreneurship, we believe that these trends will notice stronger expansion as extra entrepreneurs will be excited to affect and understand their benefits: 1. Commerce- It is fast as a mode of fighting poor quality. A rising class of societal startups is using consumerism to increase resources, to construct fair employment and to recover the living standard of the poor. They are build products and company with the uppermost more moral principles like organic, mindful manufacturing, fair wages etc (Kim and Howard E. Aldrich, 2005).2. Crowd funding- It is ever more be the favorite option for entrepreneurs to support their startups. Recently 2013, saw fracture of social good project on crowd funding site like kick starter, Indiegogo etc will be their fundraising activities (Toivonen, 2015).3. Data- In this small a big will progressively focus more on the dynamic force behind each motion in the social good spaces. At the executive level, entrepreneurs are more aware of the data they are generating every day. They are continuously measuring and analyze data to force business decision and to optimize for achievement (Volery, Mueller and von S iemens, 2013).4. Proof- 100% clearness is the latest, emerging trends that lots of entrepreneurs are agreement. In this Charity Water was the original nonprofit that initiate this, prove how each dollar raise in making a distinction on the argument (Tan and Yoo, 2014).5. Hackathons- During initially prepared by and popular with the tech society have taken the societal good division by storm.6. Energy- Improvement in Renewable, require for reasonable, renewable energy continue to rise as the authority demands of a global population increase. Industrialized nation have ongoing to decrease or slow down the invention of greenhouse gas emissions, but extra is needed to stymie climate modify (FECHER, CHAVES and MONZON, 2012). Conclusion: Main aim of the case study is to describe the entrepreneur trends and characteristic and also include the current trends of social entrepreneur. This case study is about an entrepreneur and philanthropist Dr. Sam Prince; he is a doctor on the other hand his passion is toward open a Mexican restaurant named as Zambrero. As well he uses to take care of those people who are suffering from Scabies. He add that the removal of scabies from east Arnhem Land is an extremely complicated task and one has any illusion that a easy asset of more money will resolve a composite problem that is as much a common issue as a medical one (FECHER, CHAVES and MONZON, 2012) .Prince evidently clock up an imposing number of hours each week, but for him effort and play merge into one. Prince puts the motivation of others to get concerned behind him trying his dreams on his sleeves. He say that by asset of claim it and say, I want to do this and creature open about it, this behavior the public around you. He t hinks that here are such a plenty of people who can assist you. We exist in a scarceness concept where we think like theres simply one person in the planet who can help you to accomplish your dream (Volery, Mueller and von Siemens, 2013). References FECHER, F., CHAVES, R. and MONZON, J. (2012). INTRODUCTION: RECENT TRENDS IN SOCIAL ECONOMY RESEARCH.Annals of Public and Cooperative Economics, 83(3), pp.251-258. Fried, H. and Tauer, L. (2015). An entrepreneur performance index.Journal of Productivity Analysis. Johnson, S., Freeman, M. and Staudenmaier, P. (2015). Manic tendencies are not related to being an entrepreneur, intending to become an entrepreneur, or succeeding as an entrepreneur.Journal of Affective Disorders, 173, pp.154-158. Kim and Howard E. Aldrich, P. (2005). Social Capital and Entrepreneurship.FNT in Entrepreneurship, 1(2), pp.55-104. Lerner, J. and Watson, B. (2008). The public venture capital challenge: the Australian case.Venture Capital, 10(1), pp.1-20. Levy, S. (2014). Marketing on the couch: Sidney and psychoanalysis.Marketing Theory, 15(1), pp.9-12. O'Shaughnessy, J. (2015). Note on the marginalizing of psychoanalysis in marketing.Marketing Theory, 15(1), pp.17-19. Tan, W. and Yoo, S. (2014). Social Entrepreneurship Intentions of Nonprofit Organizations.Journal of Social Entrepreneurship, 6(1), pp.103-125. Toivonen, T. (2015). What is the Social Innovation Community? Conceptualizing an Emergent Collaborative Organization.Journal of Social Entrepreneurship, pp.1-25. Volery, T., Mueller, S. and von Siemens, B. (2013). Entrepreneur ambidexterity: A study of entrepreneur behaviours and competencies in growth-oriented small and medium-sized enterprises.International Small Business Journal, 33(2), pp.109-129.
Thursday, April 16, 2020
Luke Gospel Physician and companion of Paul wrote this Gospel in the mid 60's A.D. Luke wrote both the Gospel of Luke and Acts making him the largest contributor to the New Testament. These writings both begin with dedications to Theophilus, perhaps a potential or recent convert or patron who sponsored the circulation of Luke and Acts. The third Gospel presents Jesus as the Son of Man. The first three chapters and the beginning of the fourth give us the entrance of the Lord into the race, beginning with his genealogy; how he was born and made one of us. Then chapters four through nineteen trace for us the first part of his ministry among men, and especially, his journey toward Jerusalem, with the final chapters dedicated to the last days of sacrifice and triumph. Luke's historical narrative begins as follows: With the birth of Zechariah and Elizabeth's child, John. Elizabeth was barren, she and Zechariah were well along in years but Gabriel, an angel of the Lord appeared to Zechariah saying, "Your wife Elizabeth will bear you a son and you are to give him the name John and he will be filled with the Holy Spirit." Zechariah questioned the angel, "How can I be sure of this? I am an old man and my wife is well along in years." Gabriel said, "I stand in the presence of God, and I have been sent to speak to you and to tell you this good news. And now you will be silent and not able to speak until the day this happens." And this was so. A virgin named Mary was pledged to be married to a man named Joseph, a descendant of David when the angel, Gabriel went to her and said, "Greetings, you who are highly favored! The Lord is with you. Do not be afraid, Mary, you have found favor with God. You will be with child and give birth to a son, and you are to give him the name Jesus. He will be great and will be called the Son of the Most High. The Lord God will give him the throne of his father David, and he will reign over the house of Jacob forever; his kingdom will never end." When Jesus made his virginal entrance into the world, the shepherds were visited by an angel telling them the Savior had been born and they could find him wrapped in cloths and lying in a manger in the town of David. The shepherds hurried off and found Mary and Joseph, and the baby. The second item Luke gives us is the story of Jesus' presentation in the temple at the age of 12, and the way he surprised everyone with his ability to answer questions -- his great mental capacity. Some years later, John son of Zechariah and Elizabeth, was preparing the way by preaching a baptism of repentance for the forgiveness of sins. While John was baptizing people, Jesus was baptized too. The heaven opened and the Holy Spirit descended on him and a voice said, "You are my Son, whom I love; with you I am well pleased." It was here that Luke gave a detailed account of Jesus' genealogy, tracing it back to Adam. Now Jesus was about thirty years old when he began his ministry. Temptations were great. The Spirit led him to the desert, where for forty days he was tempted by the devil. He ate nothing during those days, and at the end of them he was hungry. The devil tested him in many ways but Jesus did not waiver. As you continue through Luke, you see Jesus teaching and preaching, At one time he was rejected by the people of Nazareth where he had been brought up. Jesus drove out evil spirits from a man possessed by demons. He healed a women suffering from a high fever. People brought to Jesus all who had various kinds of sickness, and laying his hand on each one, he healed them. It was at this time Jesus called his first disciples-Peter (Simon), James, and John. Jesus' teaching and healing continued. He was questioned about his behavior on the Sabbath, concerning fasting and healing. The Pharisees and the teachers of the law were looking for a reason to accuse Jesus, so they watched him closely. Jesus knew what they were doing. The Pharisees were furious and began to discuss with each other what they might do to Jesus. After praying one night the next
Thursday, March 12, 2020
Animal Farm A Study in the Relation Between Power Structures and the Fundamental Right to Freedom essays
Animal Farm A Study in the Relation Between Power Structures and the Fundamental Right to Freedom essays It has been widely acknowledged that George Orwell wrote Animal Farm with the express purpose of indicting Communism as a solution to social problems. Since the collapse of the Soviet Union it can, therefore, be argued that the work has lost its relevance, except perhaps, as a children's fable. To write the novel off in such a fashion would, however, be a mistake because a closer examination of the plot structure and the caricatures of various characters will reveal that the work has a timeless relevance. Indeed, if one were to disregard any preconception that Animal Farm should be interpreted as a satire on Communist Russia, it can be argued that the novel's main purpose is to highlight the negative effects of power structures in terms of suppressing and exploiting the weaker sections of society. The abuse of power, as a central theme, is especially apparent in the manner in which the characters of Boxer and Mollie are portrayed. Although the two possess diametrically opposite personalities, they share one thing in common and that is, they both reveal an inherent weakness, which ends up being exploited by the powers-that-be. Thus, it can be said that the characters of both Boxer and Mollie are used by Orwell to establish that as long as power structures exist, the freedom of individuals to pursue life, liberty, and happiness will always be Like most satires, Orwell uses allegory and irony to allow the reader to interpret the parallels being drawn between the personality trait in a particular animal character and human nature. However, Orwell does not merely stop at that. He also uses the plot structure in Animal Farm to establish that human society will always be a case of "all animals are equal, but some are more equal than others," (Orwell, p. 114) irrespective of arguments or claims to the contrary. Thus, Animal Farm begins with Old Major advising the animals that thei...
Tuesday, February 25, 2020
Company A and B - Essay Example mpany A and Company B arrange a derivative to be transacted on the 1st April 2014 so that Company A pays fixed interest over the period and Company B pays floating rate interest over the period. Assuming that the fixed interest rate agrees with the Company A is LIBOR + 7% (fixed at inception), that LIBOR is 0.5% on April 1 2014 and that on June 30, 2014 the LIBOR rate raises from 0.5% to 1%. a) Describe the derivative trade that would enable such an exchange, the reasons why each company might want to transact such a derivative and calculate what the swap rate would be for Company A at inception. A derivative is a security whose value is dependent or derived from its underlying assets. The derivative represents a contract agreement between two or more parties. Its price is affected by any slight changes in its original assets. Some common underlying assets include bondÃ¢â¬â¢s interest rates stocks, commodities, currencies and market indexes. The major characteristic of derivatives is high advantage. For the case of company A and B would adopt the interest rate swaps as described below Interest rate swap occurs when Party A agrees to pay Party B through a fixed interest rate, and the counterpart Party B agrees to pay Party A through a floating/variable interest rate which is attached to a reference rate (the most used reference rate is the London Interbank Offered Rate, LIBOR).Each counterpart in a swap has a "comparative advantage" in a different credit market and it is through such an advantage in a particular market that is used to obtain an equal advantage in a another separate market to which credit access was denied. Companies in the two different markets agree to an exchange deal in which a fixed rate is exchanged with a floating/variable interest rate loan. In this case Company B prefers liabilities which are floating but would prefer a fixed loan rate. It is therefore prudent that enters into a swap with company A and exchange its fixed rate loan for