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In reference to the readings and lecture notes, manifest concept signifies the intended function of social policies

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In reference to the readings and lecture notes, manifest concept signifies the intended function of social policies, actions, or processes that are deliberately and consciously intended to be beneficial in their impact on society. These functions or dysfunctions are deliberate and known. Manifest functions result from all means of social actions but are most generally deliberated as aftermaths of the work of social institutions like religion, education, family, and the media and as the product of social laws, rules, policies, and norms (Merton, 68). Take, for instance, the social institution of education. Manifest also entails making something obvious or proving something. The manifest function of the rain dance was used as an example by Merton in his 1957 Social theory and Social Structure, which is to produce rain. The outcome is intended and desired by individuals participating in the ritual (Merton, 70). Schooling is an example of a manifest function; it transmits knowledge to the next generation. There are more than a few major manifest functions connected to education. The first is socialization. Learners are taught to practice several societal roles beginning from preschool and kindergarten. The manifest functions of school education include imparting learners with practical skills, providing an intellectual framework, and conveying society’s values.

On the other hand, latent function signify one that is not deliberately intended, but that, however, has a beneficial effect on society. This function is anticipated and has unintended consequences of an action or social structure. An example of latent function can be that in a clinic or health institution, the specialists, while treating a patient suffering from a particular kind of incurable illness, somehow saves the patient, hence discovering a new treatment method. Education can also fulfill latent functions. It is evident that a lot of things go on in schools that as little with formal education. In schooling, education encourages the growth of youth cultures that normally conflict with parental or state values. Latent functions include socialization with peers and conformity to norms.

China’s one-child policy is both manifest and latent functions in its context. The Chinese government introduced the one-child policy to curb population growth; the female population deficit is its unintended outcome. It is a manifest function in a way that it is intended to cover population growth. It happens to be a latent function in a way that has unintended consequences f female deficit. In the case of China’s one-child policy, forcing or encouraging people to change their fertility behavior without addressing their essential preferences might have unanticipated outcomes. The makers of this policy and other government representatives anticipated the female population deficit (Zhang, 141). It is a manifest function since the government implemented it to control the population, mandating that the enormous majority of couples in the nation could only have one child. It was intended to improve economic, social, and environmental problems associated with its rapidly growing population. Depending on where they dwell, couples can be fined thousands of dollars for having an extra child without a permit, and there are common reports of sterilization or abortions. Critics believe that this policy has unintended consequences of sex discrimination as boys are viewed as culturally preferable.

Understanding both manifest and latent functions is of great importance in sociological inquiry. It has direct inquiry to theoretically fruitful fields of inquiry. Manifest and latent functions serve to offer guidance and direction to the attention of the sociologist to precisely those realms of attitude, behavior, and belief. Understanding manifest and latent functions play a role in conveying society’s values, providing students with an intellectual framework, and imparting practical skills. They are both parts of the structural function approach, which perceive society as interconnected and complex. Understanding this concept helps in important progress in sociological knowledge and inquiry.

Works Cited

Merton, Robert K. “Manifest and latent functions.” Social theory re-wired: new connections to classical and contemporary perspectives (2nd edition). New York: Routledge: 68-84.

Zhang, Junsen. “The evolution of China’s one-child policy and its effects on family outcomes.” Journal of Economic Perspectives 31.1 (2017): 141-60.

since they have established familial ties with people who are not related to them

they should share consent in care and maintenance of property. The ‘division of labor’ concept ensures that responsibilities rest on everyone rather than a single individual. The housemates have the obligation of sharing household responsibilities and other utilities.

Financial Ratios and Financial Analysis

Financial Ratios/Financial Analysis

Liquidity ratios are ratios or figures, which is used to measure firm’s capacity to pay off its short-term debt commitments. This is performed by measuring firm’s liquid assets (comprising those which may easily be converted into cash) versus its short-term liabilities. Liquidity ratio has some limitations, for instance, analysts use this ratio for making decision concerning liquidity of a company; however, company’s inventories and receivables might be vague if the company’s sales are periodic and/or the firm utilizes a natural business year. Furthermore, liquidity ratios must be considered against ratios demonstrating time it would take to convert assets to cash; however, conversion time of several months compared to a few days would seriously impact liquidity (Peterson & Fabozzi, 2012).

Leverage ratios have limitations for a firm; for example, when a company uses financial leverage they are technically borrowing money. Borrowing funds will develop a cloud whether it is one that generates little shade or that caused thunderstorm. Borrowing funds constantly will potentially create an image that may be of high risk. This can lead to increase in interest rates and some restrictions may be given to the borrowing organization. It can also affect the value of stock, thus leading to drastic drop if stockholders become concerned (Vandyck, 2006).

In activity ratio, data collection is time consuming process and capital expenditure on the activity ratio system and it is ensuing running costs may a problem for companies. This means that, activity ratios will limit the company because it will increase the costs (Vandyck, 2006).

In profitability ratios, manipulation is possible because is founded on investments and earnings. Both these figures may be manipulated by management by adopting unpredictable accounting policies concerning inventory valuation, depreciation, and treatment of provisions. Profitability ratio emphasis on short-term profits because overall it stress the generation of short-term profits thus affecting profitability of the firm. The company may attain this objective cutting down cost like those on development and research or sales promotion. Reducing such costs without any justification might severely impact the profitability of the firm in the long run, although this ratio might show performance in the short run. Furthermore, profitability ratio is poor way of company’s performance because it is also impacted by several inessential and non-controllable factors. Frequently the present return is the outcome of the wisdom or the craziness of the past management. Therefore, the present management cannot take credit or be held accountable for doing of the antecedents. Occasionally low or high profit might due to chance. Profitability ratio in such instance, for judging the financial performance will be more or less irrelevant (Peterson & Fabozzi, 2012).

The company should present to shareholders in form of financial statements key financial ratios for the years 2010 and 2009. They should present market ratios that measure returns to stockholders and the value the market places on firm’s stock. It should also have liquidity ratios that usually measure company’s capacity to meet cash requirements if need be. Activity ratio is also needed that measures the liquidity of definite assets and efficiency of managing those assets. Leverage ratios is also needed that measures degree of company’s financing with equity and its capacity to cover interest and other fixed fees. In addition, profitability ratios is required that measures the overall performance of the company and its effectiveness in managing equity, assets and liabilities (Peterson & Fabozzi, 2012).

References

Peterson, D. P., & Fabozzi, F. J. (2012). Analysis of financial statements.

Vandyck, C. K. (2006). Financial ratio analysis: A handy guidebook. Victoria, B.C: Trafford.