Saturday, December 28, 2019

Persuasive Essay On Dress Code - 711 Words

Dress code is a controversial subject in a lot of schools. Dress code is a set of rules put into place to promote school safety and encourage a positive learning atmosphere where students are not distracted by their peers’ outfit choices (Daniels). This set of rules allegedly is put into place to stop the sexualizing of women by keeping them from wearing â€Å"suggestive clothing,† but what is suggestive clothing? Who defines what clothes are seen as â€Å"suggestive?† Dress code does more harm than good for students, therefore it should not be present in public schools. Dress code is considered constitutional because it promotes school safety. Although it may help censor what students wear, it also teaches them to conform rather than be unique.†¦show more content†¦She said, â€Å"I’ve never seen a boy called out for his attire even though they also break the rules (Zhou).† I will admit that I’ve seen boys get called out for their pants sagging or wearing hats, but I’ve never seen a male get called out for wearing shorts that are shorter than fingertip length or having to go to ISS because of their sagging pants. Why should females have to worry about their clothes being a distraction? Why should females have to cover up? Because if not, a male will sexualize them? Not only is dress code sexist, but it’s degrading. Dress code makes girls cover up and not wear what they feel confident in. It is restricting and is telling girls that they should be ashamed of their bodies because they cause a distraction and disrupt the class. Dress code teaches women that they cannot wear what they want because a man will sexualize them (Zhou). Once a person starts hearing how they can’t wear things because it is too suggestive, then that person starts losing confidence. If what a person wants to wear and feels confident in is too suggestive and inappropriate, then what can that person wear? â€Å"If schools want to teach respect, they need to give the message that it is unacceptable to blame a girl for being more developed and thus too distracting for her male classmates,† a grandmother, and retired preschool director, said after her elementary school granddaughter was sent to the principal’sShow MoreRelatedPersuasive Essay On Dress C ode733 Words   |  3 Pagesexcessively strict dress code.   While many people in private schools have complete uniforms to implement equality, being confined through a severe dresscode not only impaired my freedom of expression, but also the ability to grow into myself.   Ã‚  As an adult, I am expected to make choices for myself, present myself in a certain way, and how important I am depends on how unique I am.   Spending some of the most impressionable years of my life in a high school priding itself in a firm dress code, I feel as thoughRead MorePersuasive Essay Topics1228 Words   |  5 Pages101 Persuasive Essay Topics By: Mr. Morton Whether you are a student in need of a persuasive essay topic, or a teacher looking to assign a persuasive essay, this list of 101 persuasive essay topics should be a great resource. I taxed my brain to create this huge list of persuasive essay topics relevant to todays society, but I believe I am happy with the results. I appreciate any and all comments or feedback. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24Read MorePersuasive Analysis : Charlie And The Chocolate Factory736 Words   |  3 Pagesfactory is quite a popular novel, and due to its popularity, it was made into a movie in 2005.Since then it has been used to teach kids how to write persuasive essays.Now aside from the movie information, I need to say what form of storytelling is better and keeps us more entertained along with the fact this is my opinion.So we can get this persuasive essay train rolling.So after analyzing the film and the novel I have decided that the novel keeps us more engaged, entertained and is more useful to experienceRead MoreParents Responsibility1022 Words   |  5 PagesThis WebQuest is a follow-up lesson to consolidate what you have learnt about writing an argumentative essay. There are 2 components to this assignment: the Essay component and the Reflection component. Essay Component First, you are to research online on what an argumentative essay is all about, the grammatical features of an argumentative essay and how you should structure your argumentative essays. Secondly, you are to read the articles provided in this WebQuest and you are to figure out howRead MoreWhat I Learned At The English 110 Essay1125 Words   |  5 Pagesreceiving the prompt for a reflective research essay three, I began my writing process in a normal direction to starting an essay with simply brainstorming ideas. I started to think about which topic I d be most passionate writing about because for a shy person 1500 words is a lot to say about something you believe strongly in. When I was talking in class about possible research topics to Hunter and Marissa, I remembered last year I wrote a persuasive speech about tattoo stereotypes. I thought I dRead MoreDetroit s Convict Culture Has Shaped The Lives Of Many Young American Men1318 Words   |  6 PagesIn this essay, I will argue, Detroit’s convict culture has shaped the lives of many young American men in Detroit America. Through using structural power to create systemic interaction among society. By using id eological, economic, political and military power to shape public ideas and values through institutions like Detroit’s detention facility. The detention centre has both positive and negative effects on the convicts, designed to enforced cultural beliefs often different from one’s own cultureRead MoreEssay on Advertisement of Delicious Night1870 Words   |  8 PagesThere are many different methods to advertise. Most commonly used are: radio, leaflets, magazines, newspapers, internet and billboards. Brands use many different techniques to promote a product/service in order to notify a wider audience. In this essay I will be analyzing an advert of a perfume to see how it persuades the target audience to purchase the product. The advertisement I have studied takes the form of a poster although the product advertised is also promoted on billboards, magazinesRead MoreEssay on Exploration of the Different Aspects of Love in Poetry2022 Words   |  9 PagesUpon Julias Clothes by Robert Herrick (1591-1674). These poems cover lust, an aspect of love, and this was very controversial in the Victorian and Elizabethan times. Lust was very controversial in those times as it went against social codes and religion. Lust and desires are known for being part of the seven deadly sins. The subject of sex was a taboo and was not an overt subject of conversation. Poems such as The Ruined Maid also include the subject of a womansRead MoreThe Prologue and First Scene of William Shakespeares Romeo and Juliet1974 Words   |  8 PagesThe Prologue and First Scene of William Shakespeares Romeo and Juliet This essay will feature how different directors put the original text of Romeo Juliet into films using their own interpretations. In the prologue Shakespeare has given an insight into the play similar to a blurb on a book or a film trailer. The prologue sets the scene, In fair Verona (where we lay our scene), making the play more believable, as in Shakespeares time scenery would have beenRead Morejlok]1986 Words   |  8 Pagesin battle. The squire training would continue for approximately five years until he was deemed eligible for knighthood. The ceremony for knighthood could come from another knight, who would dress the squire in armor and dub him with a sword. The new knight would then follow a strict code of chivalry. Knights were known for intense loyalty for their lords and severe justice to those they battled. The court system in feudalism is still seen today, as many of the parts of the lords

Friday, December 20, 2019

Management Accounting Essay - 2532 Words

From the management accounting viewpoint of business, the process of decision-making is the main aim of management accounting. The way of how accountants make their decisions has been studied and investigated widely. It is very helpful in management accounting to categorize decisions in to strategic and tactical and in to short run and long run decisions. The objective of management accounting is to make a good decision as the process of management decision-making is extremely subjective. A good decision is depends on the aims and purposes of management. As a result, the management has to set the aims and purposes in order to make decisions. For instance, the management is required to decide strategic aims such as the pricing strategy,†¦show more content†¦The entire tools are regarded as mathematical models of decision-making. For instance, the base of C V P analysis is the equation: I = P (Q) - V (Q) - F. The above tool is relating to employing and using financial statements as a check list to recognize and discover decision-making fields and also it is used to find the most proper and suitable management accounting technique. There is one or more proper management accounting technique for each item on financial statements. 2.2 Financial Statements Financial statements or what also called financial reports are formal documents of financial activities of business. Financial statements are regularly called as accounts in some law companies. In both short and long term, financial statements can offer a summary of a business financial situation. There are four major financial statements. First one is Balance sheet which also called as statement of financial situation or condition. Balance sheet is a report on a companys assets, liabilities, and net equity as of a given point in time. Second basic is income statement which also called Profit and Loss statement or a PL. Income statement is a report of companys expenses, income and profits over a period of time. Third basic is taxes which are financial charges imposed by a state on an individual or on a legal entity.Fourth one is Statement of cash flow which is report on aShow MoreRelatedManagement Accounting1950 Words   |  8 PagesManagement in business and human organization acti vity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, -resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. ManagementRead MoreAccounting Analysis On Management Accounting Essay1210 Words   |  5 PagesManagement Accounting Introduction: Management accounting technique is the procedure of understanding, analyzing, exam, calculating, deciphers, and transfers the verbal data to chase of company objectives. The section of bookkeeping is called as cost accounting. The difference between the financial and managerial bookkeeping data is the goal at assist the administrators inside the corporation to create choice as per their situations. Even as economic bookkeeping is intended at giving data to gatheringRead MoreManagement Accounting1870 Words   |  8 PagesRunning Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world’s third largest retail store with regard to the revenues that it generates. Tesco standsRead MoreManagement Accounting1590 Words   |  7 Pagestaxes | | 1600000 | Income Taxes 30% | | 480000 | Net income | | 1120000 | Scenario: The sales agents want sales commissions increased to 20%, this will caused the commission to agents would increase to $3,200,000 (20%X $16,000,000). The management of Pittman Company suggested to employ company’s sales force and incurred $2,400,000 fixed costs for the sales force. Besides Pittman Company would also save $75,000 a year because no need to pay the audit firm for check out the agent reports, soRead MoreImpact of Environmental Accounting on Management Accounting7424 Words   |  30 Pages1.0 Introduction According to The Environment Agency in the United Kingdom (2006), Environmental Accounting can be defined as: â€Å"The collection, analysis and assessment of environmental and financial performance data obtained from business management information systems, environmental management and financial accounting systems. The taking of corrective management action to reduce environmental impacts and costs plus, where appropriate, the external reporting of the environmental and financialRead MoreStrategic Management Accounting13457 Words   |  54 Pagesthis journal is available at www.emeraldinsight.com/0951-3574.htm AAAJ 21,2 Strategic management accounting: how far have we come in 25 years? Kim Langï ¬ eld-Smith Monash University, Melbourne, Australia Abstract Purpose – The purpose of this paper is to provide a review of the origins of strategic management accounting and to assess the extent of adoption and â€Å"success† of strategic management accounting (SMA). Design/methodology/approach – Empirical papers which have directly researched SMARead MoreManagement Accounting Assignment980 Words   |  4 Pages602 Management Accounting David Xu Id: 65990771 Session Preparation Assignment (SPA) #2 Understanding Key Cost Relationships 1. Read Chapter 2 of SN, Key meanings in the Chapter. Understanding key cost in a firm is the most important issue in management accounting. That is because business survives on value exchange. Customers and business are willing to exchange money and services (products) based on the costs. How products cost can effect a firm’s financial health isRead MoreThe Implications Of Management Accounting2362 Words   |  10 Pages1987, Johnson and Kaplan studied the evolution of management accounting and how it has lost relevance today. In the world of technology, competitive environment many issues have escalated, therefore management accounting methods aren’t relevant. Management accounting systems used by the firms before do not apply to organisations today. Hence the reason why the two academics explored reasons why organisations need to develop the methods in which they measure their performance and costs. This essayRead MoreManagement Accounting Essay1907 Words   |  8 PagesManagement in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, - resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. ManagementRead MoreEthics in Management Accounting2322 Words   |  10 PagesASSIGNMENT ON ASSURANCE OF LEARNING – ETHICS IN MANAGEMENT ACCOUNTING (CMA) Awoluyi Adekunle, Matric Number: 201403007 JUNE 29, 2015 MEMBA 3 LBS, Lagos AWOLUYI ADEKUNLE Matric Number: 201403007 Introduction The source of cost management ethical problems in any organization can be one or more of the following; 1. 2. 3. 4. Organisation’s management expectation Vs. professional ethics Personal desire for recognition / and promotion within the company Strife for quick money

Thursday, December 12, 2019

Corporations Associations Cases Materials †Myassignmenthelp.Com

Question: Discuss About The Corporations Associations Cases Materials? Answer: Introducation A contract is something more than a mere agreement created between two or more persons. Therefore, there are certain elements that should be present in order to make a contract binding on the parties. In this regard, it is required that there should be an offer made by one party to the other one, the same should be accepted by the other party and similarly it should be the intention of the parties to enter legally binding relationship. There is also a requirement of a price paid. It may not be in the form of money (Re McArdle, 1951). The parties should also have the legal capacity to create the contract of their own free will (Crown Lands Comrs v Page, 1960). The parties should enter the contract after properly understanding it. On the other hand, the consent of the parties is appreciated if there is any undue influence, duress or false statements due to which the contract could become illegal and void. In this way, the elements that are required to demonstrate that a binding contract is present are:- Offer: an offer should be made by one party to the other. Acceptance: the offer should be accepted by their party exactly on the same terms. The introduction of new terms amounts to a counteroffer. Consideration: the promise made by the parties and the contract should be supported by the valid consideration. Mutuality of obligations: Both the parties under the contract should accept their obligations imposed by the contract. Capacity: the parties should have the legal capacity to enter the contract Most of the contracts can be either in writing or created orally and still these contracts can be enforced by the law. However there are certain particular elements that are required by the law to be in writing in order to be legally enforceable (Baxt, Fletcher and Fridman, 2008). On the other hand, it is difficult to enforce oral contracts. The reason is that in case of oral contracts, there is no real record present regarding the offer, consideration and the acceptance of the parties. Still it is important to be aware of the types of contracts that need to be created in writing for being legally enforceable. Generally the contracts that needs to be created in writing for the purpose of being legally enforceable are the contracts that are related when certain debts, real property, regarding money over a particular amount. On the other hand, when it is not required by the law that every good contract should be writing, the other elements that are necessary for the purpose of creating a legally enforceable contract should be present in any case (Harris, Hargovan and Adams, 2013). In this way, the bottom line in this regard is that while generally the parties entered into transaction in good faith, a well-drafted contract created in writing provides the best protection that may be available to the parties in case of a dispute. Ideally, it is advisable that an attorney should be contacted before drawing or entering into a contract. However, the smaller the sum involved in the contract and the simpler the contract, there is less need of written contract. In this way, it is clear that it is not necessary that a contract should have been created in writing in order to be legally enforceable. However there are certain types of content that are required by the law to be created in writing for the purpose of being enforced by the courts. However, it is a good idea to put the agreement in writing because in such a case it becomes easier to establish the terms of the cont ract (Sweeney, OReilly and Coleman, 2013). On the other hand, in case of an oral contract, difficulties may arise in establishing the terms of the contract A formal contract can be described as a contract in which the parties have sealed the document under seal. On the other hand, in case of an informal contract, it is not signed under seal. In this context, a seal can be described as any impression that has been created by the parties to the contract on the document. Traditionally, this was done in wax, mentioning the intention of the parties that they will be bound by the contract. Only the parties to the sealed documents are considered to be the persons who have the rights under such contract. Therefore, only the persons who were the party to the contract can be considered as liable under it (Miller, and Cross, 2012). On the other hand, nearly all of the contracts that are made today are informal contracts. However the legitimacy of the contract is not dependent on the fact if the contract is formal or informal. In both cases, the contract is considered as binding, provided that the other elements that are necessary for creating a le gally enforceable contract are present. Generally, a formal contract is created by a greater authority like a corporation or the government. The formalities of such contract required that the document should be signed under seal. The two examples of a formal contract include:- Negotiable instrument Letter of credit In this case, a group of friends contribute $2 each to purchase a lottery ticket and one person from the group actually purchase is the ticket. When the winning ticket is wrong for the group, it is claimed by the purchaser of the ticket that the arrangement was the only social and he is not required to share the prize money. In such cases, the law contract requires that one of the elements that are required to make a contract legally binding is the intention of the parties. Hence in such cases it is required that it should be the intention of the parties that the obligations imposed by the contract should be enforceable by the law (Lens v Devonshire Club, 1914). The key to the interpretation of the contract is to give effect to the intention of the parties as mentioned in the agreement between the parties. For this purpose, generally the intention of the parties has to be ascertained objectively (Balfour v Balfour, 1919). For this purpose, the court is required to consider the words used by the parties in the agreement; the actions of the parties in accordance with the agreement and the circumstances related with the agreement. After considering all the facts, if it can be concluded by any reasonable person, that it was the intention of the parties to create legally binding contract, such a contract with the enforced by the court. Another significant role in this regard is the plain meaning rule. According to this rule, when a clear and unequivocal contract is present, the contract will be enforced by the court. According to the plain terms of the contract that have been mentioned on the base of the document and the court is not required to consider extrinsic evidence or to interpret the language used in the contract. A business owner may hire two the people, Agents and independent contractors. Although he appears to be a simple matter of delegation but from a legal perspective, there are several other implications present. The employees who are hired to work under the command of their own that fall under the integrity of agents. On the other hand, hired help for completing temporary or recurring tasks fall under the category of independent contractors. In order to differentiate between the two, the court will consider the level of control that the employer has over the person hired. If the business woman had outsourced to some work to an individual or another company specializing in that line of work, most probably, the individual will be treated as an independent contractor, particularly if such person has great discretion in completing the work. On the other hand, if a person is hired on a recurring basis and if that person has less discretion to complete the work, most probably the person with will be considered as an agent. In this way, the difference between an agent and an independent contractor can be described as follows:- An agent is required to act in accordance with the supervision of control of the principal. An agent has to follow the instructions given by the principal. The acts of agents are binding for the principal Independent contractor An independent contractor is required by the law to follow the terms of the contract. An independent contractor uses his own equipment, labor, machines and material. The independent contractor does not have the capacity to bind the employer References Baxt, R, Fletcher, K Fridman, S 2008, Corporations and associations: cases and materials, 10th edn, LexisNexis, Butterworths, Sydney, New South Wales Harris, J, Hargovan, A Adams, M, 2013, Australian corporate law, 4thedn, LexisNexis Butterworths, Chatswood, New South Wales Miller, and Cross. "Chapter 11: Contract Law." Business Law: Text and Cases. By Clarkson. 12th ed. Mason: Cengage Learning, 2012. 210 Sweeney, B, OReilly, J Coleman, A, 2013, Law in Commerce, 6thedn.2015, Australian Corporations Legislation, LexisNexis Butterworths Case Law Balfour v Balfour [1919] 2 KB 571 Crown Lands Comrs v Page [1960] 2 QB 274 Lens v Devonshire Club (1914) The Times December 4 Re McArdle (1951) Ch 669

Wednesday, December 4, 2019

Government Business Relationship in Australia

Question: Discuss about theGovernment Business Relationship in Australia. Answer: Governments across the world play acritical role in the set-up and operations of businesses. The government as the highest authority in the land affects businesses in several ways especially through policies (Afonso, Jalles, 2013). The government and its arms like the legislature make laws which regulate business practices in a given country. The most common roles of government in business today include taxation, consumer protection, employee protection, investor protection, enforcing contracts and bailouts. In general, the role of the government is to create an environment for businesses to thrive so that they can translate their returns into national economic growth (Wang., et al, 2012). The Australian government is no exception to this pattern. For a very long time, the Australian government has been working closely with the car manufacturing industry along several spheres. The fundamental role that the Australian government has been playing for years is offering financial assistance to car manufacturers as a way of empowering them to compete with established brands across the globe as well as cushioning them against fluctuating market trends. The government has been doing this, in the realization that the automotive industry is critical to the economy of the country. In 2005, the Australian government pumped in excess of $7 billion to car manufacturers in the country to boost their capacity and stimulate sustainable growth while increasing local and global competition (Cavanagh Freeman, 2012). This figure stagnated in the following year and declined in 2010, when the government offered $4.5 billion. This fluctuation was attributed to the global financial crisis of 2008/9 which paralyzed economies across the globe. The government of Australia reports that in the last ten years alone, it had allocated more than $50 billion in industry assistance (Produc tivity Commission, 2014).This means that to a larger extent, it is the people of Australia who are footing the bill. The financial assistance accorded to Australian car manufacturers takes both direct and indirect forms. Whereas direct cash injections have been dominant, the Australian government is also involved through tax incentives (Clibborn., et al, 2016). These have been gaining popularity since they are widely acceptable as more impactful and empowering than cash injections. The government through the Australian National Chamber of Commerce undertakes to give manufacturers tax deductions and export subsidies. By reducing the tax rates, companies are able to manufacture more and expand their global competitiveness. For most of the 64 car manufacturers in Australia, the tax rates have been a major hurdle especially in trying to cut down the operational costs. Thus, the government realized that in order to enable companies to increase their capacity and reach out to the global market, it was critical to review the tax rates and settle on a rate that is favorable for the companies, the governmen t as well as the manufacturing industry as a whole. The Australian government, in the same context helps car manufacturers by offering subsidies so that the prices of finished automotive can remain competitive in the local and international market. This takes the form of tariff protection so that in the end, the prices that the Australian-manufactured cars fetch the highest prices possible in the global market. One of the benefits of tariff protection is that the number of cars being imported into Australia will go down significantly. The influx of car imports will increase competition negatively and hurt the local manufacturers. Tariff protection and subsidies will continue to play an important role in shaping the destiny of the market and how its fortunes translate into national growth. In the year 2013, the Australian government under the Labor Party set aside $A5.5 billion to cover for subsidies for car manufacturers covering the period to the year 2020. A breakdown of the figure showed that Holden and Toyota Australia will receiv e a bigger percentage of the money (a combined $A 2.9 billion).This amount will among other things assist companies to invest in innovation, research and development. The involvement of the Australian government in the automotive industry also comes in the form of trade agreements and partnerships at the national or regional level. The government works with other governments in the region to forge common policies that increase trade and innovation. Considering that the automotive industry contributes about 15% in terms of GDP, the government takes a leading role in stimulating growth through signing agreements with countries across the globe so that any existing barriers are eliminated to enhance trade across the borders. The fundamental role of regional trade agreements is to open the borders and establish the export/import balance. This benefits local and international companies because most of the tariff barriers are eliminated in the process. The Free Trade Agreements Australia signed a trade pact with the government of Thailand in 2005 (Baldwin Jaimovich, 2012). This agreement involved among other provisions sought to lift import tariffs imp osed on car imports from Thailand. This, in return stimulated local manufacturing in anticipation of competition and low-cost cars made in Thailand. It is worth noting, however that the pact did not live to its billing as Thailand exported more cars to Australia than it was able to import from the same market. Did the Government Make the Right Decision to Withdraw Financial Support? The Australian government in 2013 undertook a major policy shakeup targeting the automotive industry in the country. Part of the changes included withdrawing financial support for companies and taking a more market-driven assistance. The government promised to create an enabling environment that would increase efficiency, accountability and self-regulation so that companies would become more independent (Magg, 2016).This move came as surprise for manufacturers but for most experts, this was bound to happen at some point especially after the realization that the financial injection was not contributing significantly to economic growth. This opened a long-running debate on whether the government was right to take such a move, and particularly, what was the possible implication on the economy. However, years later, it is evident that the government made the wrong move. The closure of Toyota, General Motors and Holden, the three biggest car manufacturers will have a lasting negative impact on the economy of Australia. Fundamentally, we are looking at a sector that contributes to more than 12% of the countrys GDP and provides thousands of Australians with jobs (Wanhill, 2012). Therefore, the present and looming pullout by manufacturers will push up the unemployment rate in the country. Toyota, the countrys biggest vehicle manufacturer has been part of the economic transformation in Australia and has become an integral part of the nations culture (Conley, van Acker, 2011). Therefore, the impending withdrawal means that many people will become jobless. It is estimated that more than 30,000 jobs could be lost when Toyota finally exits the Australian market. This, adding to the numbers that have been rising in the backdrop of decreased government funding means that the country might be staring at its worst unemployment crisis in decades. The estimated fi nancial cost of the withdrawal runs into billions of dollars ($2 billion) in the first year alone. Another reason why the governments decision is wrong is because the withdrawal of car manufacturers will expose the local consumers to low quality or expensive imported products. The presence of Toyota, Ford and Holden among other automotive manufacturers in Australia created a competitive environment in which companies strived to raise standards (Herald Sun, 2017). However, there is a possibility that more international companies will dump sub-standard cars in the Australian market at inflated rates. In the same context, it will take a very long period for local assembling companies to fill the gap left by the exit of giant manufacturers (Dowling, 2014). During this period, the forces of competition might have risen outside Australia and local manufacturers might find it hard to gain a foothold in the international market. This will affect the economy and the effect will be felt across all sectors that are indirectly involved such as banking institutions. The government assistance given to automotive manufacturers has been able to make a huge difference in terms of research, development and innovation. The automotive industry has been credited as the most innovation-guided industry and by such; it has contributed significantly to the scientific and technological revolution whose impact spills over to other sectors (Howes, 2013). Consequently, the looming withdrawal of renowned brands from the Australian market is a step backwards in the strides that had already been taken. This is both an economic and psychological setback that will take more years to heal. Ultimately, this can portray the Australian market as unfavorable for foreign investors. Amid the fear that has gripped the car manufacturing industry in the country; the government has consistently tried to put on a brave face, arguing that the closure of businesses means that new ones will come up. However, this assertion is not enough to calm the nerves or reverse the current situation (Sydney Morning Herald, 2015). The number of local manufacturers is high, but their capacity to fill the void is unclear. Besides, they will take long to catch up. In totality, the governments move was ill-timed and uncalled for. Whereas there was a need to decrease government injection as a way of promoting growth and self-sufficiency, the process might have been hastily taken without enough attention to the possible implications. It is inevitable that when Toyota finally pulls out of Australia, things will never be the same. References Afonso, A., Jalles, J. T. (2013). Growth and productivity: The role of government debt.International Review of Economics Finance,25, 384-407. Baldwin, R., Jaimovich, D. (2012). Are free trade agreements contagious?.Journal of international Economics,88(1), 1-16. Cavanagh, A., Freeman, S. (2012). The development of subsidiary roles in the motor vehicle manufacturing industry.International Business Review,21(4), 602-617. Clibborn, S., Lansbury, R. D., Wright, C. F. (2016). Who Killed the Australian Automotive Industry: The Employers, Government or Trade Unions?.Economic Papers: A journal of applied economics and policy. Conley, T., van Acker, E. (2011). Whatever happened to industry policy in Australia?.Australian Journal of Political Science,46(3), 503-517. Dowling, J. (2014). Why Australias car manufacturersToyota, Holden and Fordall conked out.Courier Mail,14. Herald Sun (2017) Retrieved from https://www.heraldsun.com.au/technology/why-australian-car-manufacturing-died-and-what-it-means-for-our-motoring-future/news-story/0428dc235d1b44639459959f5a3bbf9b Howes, M. (2013).Politics and the Environment: Risk and the Role of Government and Industry. Routledge. Maggo, V. (2016). Toyota is Leaving Australia.Indian Journal of Applied Research,5(9). Productivity Commission. (2014). Australias automotive manufacturing industry. Sydney Morning Herald (2015) Retrieved from https://www.smh.com.au/business/the-economy/who-killed-the-car-industry-20151112-gkx1c8.html Wang, C., Hong, J., Kafouros, M., Wright, M. (2012). Exploring the role of government involvement in outward FDI from emerging economies.Journal of International Business Studies,43(7), 655-676. Wanhill, S. (2012). 19 Role of government incentives.Edited by William F. Theobald, 367.