Why Does Fashion Change Essay - 751 Words

Why does fashion change? Human beings have been using clothes throughout history; however as we notice today garments that were worn in the past are not the same that are being worn today. In this essay I will develop the question ‘Why does fashion change?’ and if such changes are due to fashion as such or if there is any external influences such as marketing and media. Every change in society, including differences between cultures and living styles is reflected in the way people dress and types of accessories being utilized. As a result, it can be seen today how the increase in the number of hours that people spend in leisure activities has generated the need in people to wear a wider range of clothes according to each†¦show more content†¦What is fashionable is imposed by marketing. As Mark Easay says, ‘The ethos of the fashion industry revolves around seasonality’. He also emphasizes on the industry’s mechanism in developing new goods despite the product could already exist in the market. (2002: p 34). Fashion also changes as a response to variations in markets and economy. Globalization and the possibility of trading opportunities in many countries in the world have induced a decrease in cost which has obliged certain companies to implement different marketing strategies to compete successfully in modern markets. A clear example is Marks and Spencer which started to feel the pressure generated by specialist chains (Benetton and Next) and Tesco and Asda who used to import goods from countries with a lower level cost. To compete, Marks and Spencer felt the need to increase the speed which they used to launch their new collections with changes in style. (Easey 2002). Continuing with the above, Kawamura also idicates that changes in fashion could be induced mainly by economic and sociologic aspects. She states that a common approach from an economic perspective is that designers and manufacturers influence consumer behaviour to develop the market and increase trade. On the other hand the sociologial aspect idicates that chages in fashion do not obey to the amout spent byShow MoreRelatedLimitations on BMI Model Bodies1084 Words   |  5 Pagescenterfold of a Playboy magazine. So why do young girls and women all over the world struggle psychologically and physically to look like those models? And what effect does this have on our society? Should the use of models with a low Body Mass Index (BMI) be banned from fashion, media, and print? I will answer all of these questions and more, to support my view on why there should be changes placed on the limitations of BMI’s on fashion models and how these changes will promote healthier body imag esRead MoreDifferences Between Modernism And Postmodernism1411 Words   |  6 Pagesthinking was encouraged as well as being objective and postmodernism does not and is subjective. My chosen major is fashion designing. The purpose of fashion to me is an artistic way of self-expression, it is not only shown through clothing, but a large variety of things like one’s hair, personality and even plastic surgery! It is because, self-expression is more than just what you wear but a way to show your â€Å"personality† through fashion. Jameson (1998, 1) stated, â€Å"The concept of postmodernism is notRead MoreThe Clothing And Fashion Industry774 Words   |  4 PagesConsumers in the Fashion Industry The topic I chose to write about was the clothing and fashion industry. Clothing is something that everyone in modern society needs, and something that a few consumers care very much about. The number one thing clothing is used for, besides covering and protecting our bodies, is to express our personalities, socioeconomic status, and how we feel on a given day. Because the the demographic for people who buy clothes is so large, it has a lot of variation. PeopleRead MoreIs Fashion Important1379 Words   |  6 PagesIs Fashion Important? Fashion means a general term of a famous style or practice; this is more especially in clothing, footwear, makeup, body piercing, and furniture. Also fashion may refer to a very distinctive and more often habitual trend speaking of the style which one dresses, as well as in prevailing styles in behavior. Fashion may also refer to the newest innovations of textile designers. On the technical form the term costume is so connected with the term fashion in which the use of theRead MoreThe Relationship Between Fashion and Lifestyle1723 Words   |  7 PagesThe relationship Between Fashion and Lifestyle To begin with, I shall look at what fashion is; it is a currently popular style or practice involving clothing, footwear or accessories. It mostly refers to the current trends in looks and dressing style of a person (Cumming 234). In most cases, fashion is confusedly related to costumes; when a person talks of fashion they are seen to mean fashion in terms of textile. Fashion is seen to originate from the Western world and it is copied by other placesRead MoreThe Effects Of Fast Fashion On The World1547 Words   |  7 Pages The Effects of Fast Fashion on the World This papers purpose is to teach fashion heavy consumers on the real price of fast fashion and how buying it affects the environment. This type of audience can be anyone who partakes in the buying of well-known cheap retail stores that have a large audience of being fast and obtainable. These consumers should have the information on how fast fashion effects are environment so it could possibly alter their buying habits to be eco-friendlier but buying eitherRead Morepositives and negative effects of the fashion1420 Words   |  6 PagesPositives effects of fashion We can argue whether or not the fashion industry has more of a positive or negative effect on people of today, regardless we can agree that the fashion industry has grown to become very popular and influential. It seems as if everyone is trying to pursue a career in this field. Here are 10 positives of the fashion industry.   1. New designs- designers are able to create new designs for those people who have a love for fashion. It is an enjoyment they feel when seeingRead MoreElectronic Product Essay1405 Words   |  6 Pagesof your product begins. Fashion makes our life colorful and changes our life with the time or according to the time. It makes one feel good whenever they follow fashion and trends. When it comes to fashion it has never been more expensive. Why? Fashion is a constant presence in a person’s life. It is a daily task of choosing what clothing to put on your body for the day, and it is not only used to protect modesty, but it is used for self-expression. (Bui, 2016) The fashion industry is designed toRead MoreEco Friendly, Green, Earth, Dirt, Recycle, Reuse1715 Words   |  7 PagesI will break down what 1 sustainable fashion is, 2 how it began, 3 why it’s important, 4 some of the processes and materials in sustainable fashion, and 5 what you can do to help. 1 Sustainability in fashion is something that is rapidly growing, but do you know what it is? Well, the term sustainable fashion is typically used to refer to a type of fashion production or design methods that are environmentally and/or ethically conscious. Sustainable fashion does not have standard definition and hasRead MoreFast Fashion Vs. Slow ( Luxury ) Fashion1291 Words   |  6 PagesContemporary Design Issues Stage One - Initial Research Essay Fast Fashion vs. Slow (Luxury) Fashion By Alanna Mitchell In 2014, Jean Paul Gaultier retired from his Ready-To-Wear line. In an interview with The Associated Press he said, Too many clothes kills clothes... Fashion has changed.† (1) This change that Gaultier is referring to is known as â€Å"Fast Fashion†. It is a phenomenon within the fashion industry that â€Å"has made its way into Australian consumers’ wardrobes over the past five years†

Breaching Social Norm Experiment - 922 Words

For my breaching social norm experiment I was determined to do something I would never do even if it was a dare, especially since my ability to interact with strangers is not the best. So, I decided to make people feel uncomfortable by holding their hand. What I would do is walk up to the person from behind and slowly make my way to their hand to make them feel even more uncomfortable. People normally hold hands with their significant other, or with someone they know like a friend or family member, so to be holding hands with a stranger is out of the ordinary and awkward. In preparation to starting our experiment it took my confidant Carla and I about an hour to finally initiate the first move. Before even holding hands with strangers my mind was swirling with multiple questions and thoughts, like â€Å"Why am I even doing this?†, â€Å"I don’t appreciate making people feel uncomfortable.†, â€Å"Why is Mrs.Henry torturing me!†, â€Å"Can I just not do it ?†, and so on. In addition to my thoughts and questions, I felt myself sweating and my stomach felt as if it was in a twisted knot. While I approached my first victim I felt the temperature of my body raise up to boiling point and the color of my skin turn from snow white to lava red in a split second. To make things worse once I held onto the lady s hand she was gripping onto mine and was holding on tight, and my reaction was to laugh because when you are in an uncomfortable situation you honestly don’t know how to react.Show MoreRelatedMy Breaching Social Norm Experiment921 Words   |  4 PagesFor my breaching social norm experiment, I was determined to do something I would never do even if it was a dare, especially since my ability to interact with strangers is not what I consider advanced. So, I decided to make people feel uncomfortable by holding their hand. What I would do is walk up to the person from behind and slowly make my way to their hand to make them fe el even more uncomfortable. People normally hold hands with their significant other, or with someone they know, like a friendRead MoreBreaching Experiment935 Words   |  4 PagesBreaching Experiment Name Class Affiliation Instructor Date In social psychology and sociology field, a breaching experiment is one that evaluates the reaction of people to violation of accepted norms. The experiments consist of the exhibition of conscious engender, and social structure analysis that make the social reaction possible. In today’s world, it seems everybody owns a mobile phone, and when people are in public areas, particularly a library, it is a social norm to either put itRead MoreBreaching Reflection Paper1357 Words   |  6 PagesDuring syllabus week, I was immediately interested in the breaching experiment. I have always been interested in the challenging the mundane aspects of our culture and seeing how people react. A breaching experiment is an experiment that is used to observe and record reactions of people in which an individual breaks a social rule or norm. Breaching experiments are important because even if you don’t realize it, following the rules that have been set around us and acting like everyone else shows thatRead MoreThe Importance Of Breaching A Social Norm1075 Words   |  5 PagesBreaching is a type of sociological experiment where a social norm is purposefully broken and the reactions of people unaware of the experiment are noted. It can be used to discover how people react when presented with a situation to which they are not accustomed. Along with that, it is important because some reactions are more or less severe based on their experiences and how developed their generalized other is in regards to the norm being breached. Some things that are considered mores in oneRead MoreSocial Order And Its Effect On Society1386 Words   |  6 PagesEvery day social order is taken for granted. Social order is related to social realities, which are shared expectations about a chain of events, the types of people involved and associated behaviors and feelings (O’Brien, 2011). It is not until someone violates these realities and interactional routines that they recognize the difference and become aware. For this reason, during the 1950s, Harold Garfinkel developed the breaching experiment; a breaching experiment is an activity used in social scienceRead MoreEssay On Social Norm1321 Words   |  6 PagesFor my breaching project, I will be brea king the social norm of wearing shoes. I believe it is a social norm to wear shoes when outside. From my observation, around Bluffton University, it is normal for students and professors to wear some sort of footwear while in the classroom or outside. I realize there is a group of students on campus who already do not wear shoes, so to differentiate myself I will be wearing only socks. I choose this norm project because it was something subtle since I amRead MoreTypes Of Norms And Each Type Have Their Own Set Of Rules1860 Words   |  8 Pagesdecided to wear neon colors? Would you not be taken aback if one day, you came home to find your father and his sister interacting with each other sexually? Is this normal? How are social norms defined? Social norms are behaviors that are considered acceptable in a group or society. However, there are many types of norms and each type have their own set of â€Å"rules†. Tacit rules are rules that are generally understood but are not precisely recorded. Tacit rules, if broken can not be punished with legalRead MoreSit-In Breach Essay734 Words   |  3 PagesA breaching experiment is arguably the best way to obtain data of the sociological reactions exhibited towards a fracture in the perceived social normality. Commonly, people are able to enjoy a leisurely stroll from store to store in a shopping mall with little or no obstructions in their path. Faced with the encumbrance of someone hindering their stroll, how would they react? This is the question we strived to answer. First, we had to decide how we were going to impede their travels. The settlementRead MoreSocial Norms : How People Interact With One Another Essay2032 Words   |  9 PagesIntroduction Social norms are expectations in regards to human behavior--impacting how we talk, behave, and perceive one another. They act as a mutual understanding of how people should engage with one another with nonverbal and verbal communication. Social norms guide our everyday lives, which can include but not limited to: washing hands after going to the bathroom, shaking hands when we introduce ourselves, and making eye contact when talking to someone.When these social patterns are broken, peopleRead MoreEssay on Financial Accounting Theory1727 Words   |  7 Pagescovenant requires that ratio of net profit, with interest and tax added back, to interest expense is at least a minimum number of times. In the case of Sigma Pharmaceutical, the reported loss of $389 million of profit might be the main reason for its breaching of the interest coverage ratio. b. Explain the purpose of the debt covenant from a contracting theory perspective. Is the debt contract an efficient contract? Explain your answer. From a contracting theory perspective, the purpose of the debt covenant

Gladstone’s liberalism Free Essays

This question focuses on Gladstone’s liberalism and to what extent he applied it during his first ministry, 1868-74. Liberalism is a political philosophy that stresses individual liberty, equal opportunity and rights, Victorian liberalism was a mixture of ideology, morality and self-interest, and it advocated civil and religious liberty. Gladstone was the embodiment of Victorian liberalism, he tried to put forward his liberalism but he often found that he fought a lone battle in the cabinet. We will write a custom essay sample on Gladstone’s liberalism or any similar topic only for you Order Now To assess the extent of how much Gladstone’s liberalism was applied during his first ministry, I will be looking at the acts that were passed during this period and looking at how liberal in nature they were. His attention was mainly focused on Ireland as he said in his own words â€Å"It is my mission to pacify Ireland†. He put forward 3 acts and bills concerning Ireland, at the time these were fairly controversial, as he was one of the first Prime Ministers to address the Irish question. The first act that Gladstone passed as Prime Minister was The Disestablishment of the Irish Church Act. This broke the connection between church and state and ended the Anglican church’s status as the established church of Ireland, this aimed to reduce endowments and redistributing a third of its annual reserve to non-religious ends, e. g. improving hospitals. This was quite a liberal act as it allowed people to freely attend whichever church they wanted. This however showed Gladstone’s willingness to solve a problem without appreciating its background and not understanding its immediate practical requirements. Th Irish Church Act was Gladstone’s first liberal move and gave an indication of the path his future acts would take. His second act in 1870 was The Irish Land Act. This was initially one of his most liberal measures as it gave a lot of the protection to the tenant, the individual, but it was diluted so its effectiveness was reduced. It said that tenants should have greater protection from eviction and should be compensated if their rent was deemed excessive, be given compensation for improvements and repairs they had made and that new tenants should compensate the old tenants for their share in the property. The most important part of this at was the compensation if the rent was deemed excessive; Lord Salisbury objected to this clause as he said that no court had the right to adjudicate on the fairness of rent. This omission made the bill limited and unremarkable, this caused anger as it did not live up to its expectations and it failed to realise the aim of the land-lord. At first this bill promised to be a very important bill as it finally gave protection to the tenants but in the end it just made the tenants position less secure as land-lords could now freely increase rent as there was no-one to stop them. This should have been another success for Gladstone but after it had passed through parliament it became just another ordinary act. The Education Act of 1870 put forward by William Forster allowed for the continuation of denominational schools, but in districts where schooling was deficient a locally elected board would be set up. This had the power to organize schools and enforce the attendance of children aged between 5 and 12 who were not being educated in any other way, the boards could also decide whether religious teaching was to be given in their schools. This mainly benefited the working class who before had been unable to send their children to school because it was too expensive so the children went to work instead. The two main organizations involved in this act were the National Education League and Union. The League was non-conformist and wanted gratuitous secular education, the Union was Anglican and wanted religious teaching. The pressure resulting from the conflict between the two groups produced the Cowper Temple Clause; this meant that only non-denominational religious education was to be provided in schools receiving state aid. This was an important liberal act as it gave educational opportunities to the working class who had never before had the chance of free schooling. Other important acts included The 1870 Civil Service Act. This meant that all positions within the civil service were open to public competition, this was obviously a liberal act as it gave the opportunity to people to hold positions which had never been open to them as before a system of patronage was used. Army reforms were also introduced these were the 1871 Army regulation Act. The aim of this was â€Å"To combine in one harmonious whole all the branches of our military forces†, this abolished the system of purchase, an officer bought his commission and could sell it for whatever he could get, and also flogging in peacetime was abolished. The 1871 University Test Act made positions of teaching at Oxford and Cambridge open to non-Anglicans. The Ballot Act introduced the secret ballot, this meant that people could express their opinions without being persecuted. The Trade Union Act of 1871 legalized trade unions. Workers were now protected and had their interests looked after so if they felt that they were being treated unfairly they could do something about it. All of these acts cohered with the liberal philosophy, they gave long overdue equal rights and opportunities to everyone. One of the final acts by Gladstone was the Licensing Act of 1872. This tightened the control on licensing and fixed public houses opening and closing times, with this Gladstone did his party immense harm by alienating brewers and distillers who naturally turned to the conservatives. Gladstone had no doubt in his mind what had caused his election defeat in 1974, in a letter to his brother he commented † We have been borne down in a torrent of gin and beer†, this act did more harm than good and ended Gladstone’s first ministry. Gladstone’s serious view of life, his devotion to progress and his insistence on justice and right made him a leader who was idolized or hated. His was the figurehead of liberalism and his many liberal acts showed how passionate he was about it. He was not a great Prime minister but during his first ministry he tried very hard to spread liberalism that appealed rather to a particular mentality that might be found in all classes, so in fact it was above class. In conclusion Gladstone’s liberalism was his belief in equal opportunities, in an era when this was not available to everyone it was a very brave belief as many of the population could not afford schooling, but thanks to Gladstone this problem was now fixed. He applied his liberalism to a great extent as he introduced some very important changes, these being the Education and Irish Church acts. The way his ministry ended showed that he had not finished and more was to come, mainly his pursuit of Irish Home Rule. He was probably more important for what he was than what he did. How to cite Gladstone’s liberalism, Papers

Investment Analysis Financial Management †Myassignmenthelp.Com

Question: Discuss About The Investment Analysis Financial Management? Answer: Introducation The decision of the management is the most critical in ascertaining the main basis of the establishment of the business. So it must be clear that the decisions made by the management should be perfect and there should not be any flaws in the decision making. If any flaw would remain in the decision of the management then it could lead to bad impact on the profits and losses of the organization. The most appropriate option should be selected so that the management can get the desired results keeping in mind the factors affecting the goal of the management. Since the business environment in todays world is dynamic in nature hence only a decision keeping in mind a particular goal cannot be implemented. The result should be continuously evaluated so that the decision proves to be correct one and the desired results can be achieved (Berman, Knight and Case, n.d.). Usually there are two types of decisions taken top down approach or the bottom down approach. Depending on the type of decision the management is taking either of the two approaches is used. Although the decisions of the management is necessary to attain a particular result but the execution of the decision is more important for achieving a particular goal. It is important for the management to keep a healthy relationship with the lower level and the middle level management so that the decisions can be executed in the best possible manner. If the lower level or the middle level management does not function properly then any best decision in the world would not be successful hence there must be continuous good relationship with all levels of the management so that each and every person in the organization could feel the responsibility of the work given and function properly (Shim and Siegel, 2008). The management while making its decisions must keep in mind that it needs to make best use of available resources. But in most of the cases the decision of the management gets struck by the availability of the capital hence the management uses the capital budgeting method in order to get the best return with the available resources. Capital budgeting can be done using various techniques. They are discounted cash flow method, internal rate of return method, net present value method and payback period. These methods are described as follows: Discounted Cash Flow method (DCF method): In this method, the future cash flows are discounted to their net present values by using cost of the capital so that the present value of the investments can be evaluated. The main purpose is to identify the time value of money by discounting the future cash flows (Bruner, Eades and Schill, 2017). Internal Rate of Return method (IRR method): In this method the net present value from all the cash flows from a particular project is made zero by using a discount rate. This method is used to determine the potential of a particular project. The formula used for internal rate of return method and the net present value method is same. If the internal rate of return derived is greater than the rate of return the organization desires then the company will move ahead with the project however if the rate of return derived is lesser than the rate of return the organization desires then the company will forego the project and will not invest its money in the project (Saltelli, Chan and Scott, 2008). The calculation of the internal rate of return is as follows. The same example is also used for the net present value method: Net Present value method (NPV method): Net present value is basically difference of the present value of the cash inflow and the present value of the cash outflow. A project with a positive net present value will be taken and with a negative one will be foregone. For example: In case of two assignments A and B where the required rate of return is 10.25% and with different cash flow structures, the net present value of the cash flows will be shown as below: Discounted payback period: Breaking down the starting expenditure by scanning future cash flows and monetary time values are steps of a capital budgeting method which is discounted payback period (Taylor, 2008). According to this, if a project is to be undertaken by the company then the target period must be greater than the discounted payback period which is calculated. Sensitivity Analysis Evaluation of values from different types variables are taken into consideration in this type of analysis. Alteration in the dependent variables with a change in the independent variables is recorded by an analyst in accordance with some constant circumstances. Also known as What if analysis. This analysis is useful for both corporate and personal level decisions. The main business of t6his analysis is to record the alteration in the output value in accordance with a change in an input value while keeping all the other inputs constant (Galbraith, Downey and Kates, 2002). For conducting the sensitivity analysis, following measures should be paid attention to: Evidence should be present for as the base case output; like NPV at a particular base case input value (V1) for which the sensitivity needs to be measured after having all other inputs constant. All the input values must be kept aside and a new value must be undertaken to evaluate the output. After the above processes the %change in both input and output must be evaluated. Dividing the %change in output with the %change in input will reap the final amount of sensitivity. As per the evaluation made, it is clearly evident that if the value of the sensitivity is higher, then the output will be more influenced by any alterations in the input value or the opposite case may be. Scenario Analysis Process related to the evaluation of the estimated value in accordance with the alteration in the key factors such as interest rates, etc for a fixed span of time is referred to as scenario analysis. Calculation of various reinvestment rates is the main work of this analysis with which maximum profit can be attained by the company. All this scanning and reporting is done by a professional analyst. Values of various portfolios keeps on changing as per the changes in the environment and this analysis helps in its detection as to follow the principle of What if analysis. While investing in a particular project, it is advised to use this form of analysis to have a vision of all the ups and downs range probability of the project which keeps on changing and thus increases the threat of irreversible investment or grave loss. Thus, this analysis detects the flaws and the risks of the project at an early stage so as to prevent the losses which can be suffered buy the investor (TULSIAN, 2016). Standard deviation of the monthly or daily security returns can be regarded as the best process to grab the scenario analysis technique. The above procedure evaluated the value of a current portfolio. This analysis provides the analyst with a satisfactory reason as of why the value of the portfolio has been subjected to alteration. There exists some differences between the two above mentioned analysis and they are not at all similar to each other. This can be understood by a simple example like; if an equity analyst is keen enough to record the impact of both the sensitivity and the scenario analysis on Earning per Share(EPS) then he will have to evaluate it through the given data of earnings(P/E) multiple (Holland and Torregrosa, 2008). Break Even Analysis If in a span of accounting period a company undertaken a project which included expenses and then he company carries on with its work to gain surplus capital which can nullify the expense, then in that case it is said Break even analysis. So it is clear that there will be no gain or loss and thus the net income of the company will be zero. This analysis acts as a boon to clarify the amount of sales which must be made by the company so as to nullify all the expenses though the net income of the company will be zero (Khan and Jain, 2014).Accounting Breakeven analysis: Accounting breakeven analysis occurs when the net income is zero. This can only happen if the total revenue or capital gained is similar and equal to the total expense of the project. This can be achieved when we calculate the ratio of variable cost to sales. Taking an example, if there is a given ratio of 0.65 then this states that with every rupee of sales of each unit, the contribution is 0.35. Thus, the contribution m argin ratio comes to 0.35. Therefore the breakeven point can be calculated by the following equation: Breakeven Point = (Fixed Cost + Depreciation) /Contribution Margin Ratio.Non addition of the depreciation leads to the breakeven point to be known as the cash breakeven point. Zero returns on the sale clearly depict that that a particular value has been in contact with the breakeven point. As there in no profit in the project so the money which is invested by the company will be recovered with no additional amount (Reilly and Brown, 2012). Financial breakeven point: If the initial investment is found to be similar to the cash flow then the NVP breakeven occurs. When the net present value is equal to zero then the analyst has to be provided with the transaction related to the amount of sales so as to evaluate the final breakeven point. The term simulation refers to the duplication of a condition or method. Monte Carlo simulation can be thought of as the analysis of the methods that have been copied from the original ones or can be defined as the analysis of the key features of the system of random numbers by the process of duplication. Adding up of the advantages with the ones of the capital budgeting can be thought to be possessed by the simulation analysis as it gives the analyst a clear vision of the risk that prevails in the project. This analysis also keeps a track record of all the alteration being made in different variables of the company. The following steps are to be followed to perform this analysis: Variables need to be categorized for both cash outflows and also for inflows. Every variable related formula must be highlighted and evaluation of probability distribution for every individual variable should be done. Installation of a computer program so as to select a value from every probability distribution of each variable should be done so as to finalize the successfulness or failure of a project by analyzing such values. The result of this calculation is not a small value but it is rather a profitability distribution of all the feasible expected returns. A list of limitation for the capital budgeting prevails in the system though it is important for decision making processes. Inapt and mysterious investments arises difficulty in the preparation of perfect budget. It is advised that all the decisions should be seriously scanned because they comprise of heavy amounts which are irreparable in nature Conclusion From the above assignment we have come to know various techniques and the importance of capital busgeting which are summarised below: Evaluation of the risks: Threats prevails in any long-term investments which are termed as capital costs. Capital budgeting provides the company a safe and secure way to get hold on such expenses (Clarke and Clarke, 1990). Finding the best course of action: This provides the firm with all possible probability of investments from which the company can easily choose the most profitable one. Its main target is to provide profits to the shareholders and thus to increase the dominance and respect of the company in the market. Long run of the business: Reduction in the expense with an increase in the profit at the same time can be sensed while using capital budgeting. This technique makes the company a long race horse while shielding it against abrupt investments. Also helps in analysis, assessing appropriate arrangement (Fairhurst, 2015). Irreversible investments: Some projects require massive funds to be borrowed by the company. In such cases the project must be thoroughly scanned and then only any investments should be carried because such investments once made have no chance of getting refunded. References Berman, K., Knight, J. and Case, J. (n.d.).Financial intelligence for HR professionals. Bruner, R., Eades, K. and Schill, M. (2017).Case studies in finance. Dubuque, IA: McGraw-Hill Education. Clarke, R. and Clarke, R. (1990).Strategic financial management. Homewood, Ill.: R.D. Irwin. Fairhurst, D. (2015).Using Excel for Business Analysis A Guide to Financial Modelling Fundamenta. John Wiley Sons. Galbraith, J., Downey, D. and Kates, A. (2002).Designing dynamic organizations. New York: AMACOM. Hassani, B. (2016).Scenario analysis in risk management. Cham: Springer International Publishing. Holland, J. and Torregrosa, D. (2008).Capital budgeting. [Washington, D.C.]: Congress of the U.S., Congressional Budget Office. Khan, M. and Jain, P. (2014).Financial management. New Delhi: McGraw Hill Education. Palepu, K., Healy, P. and Peek, E. (2016).Business analysis and valuation. Andover, Hampshire, United Kingdom: Cengage Learning EMEA. Phillips, J. (2014).Capm / pmp. New York: McGraw Hill. Reilly, F. and Brown, K. (2012).Investment analysis portfolio management. Mason, OH: South-Western Cengage Learning. Saltelli, A., Chan, K. and Scott, E. (2008).Sensitivity analysis. Chichester: John Wiley Sons, Ltd. Saunders, A. and Cornett, M. (2017).Financial institutions management. New York: McGraw-Hill Education. Shim, J. and Siegel, J. (2008).Financial management. Hauppauge, N.Y.: Barron's Educational Series. Taylor, S. (2008).Modelling financial time series. New Jersey: World Scientific. TULSIAN, B. (2016).TULSIAN'S FINANCIAL MANAGEMENT FOR CA-IPC (GROUP-I). [S.l.]: S CHAND CO LTD.