Basic hazardous waste management (Blackman, 2001) Essay

Basic hazardous waste management (Blackman, 2001) - Essay Example The management helps in safe handling and proper disposal of the waste products. Spit cups are containers used to spit on. They are of different models and types and thus while being collected to be disposed they require specific selections (Blackman, 2001). Those involved in collecting the spit cuts should wear protective clothing’s since the materials are not safe to be collected with bare hands. Differentiate the different makes and materials used to make the spit cups. Check if the material is extremely hazardous from the list of the known and extremely hazardous materials. If not in the list proceed to the next step. If material found extremely hazardous, it should be disposed, as such waste and should not be rinsed. The liquid hazardous material in the next stage should be empty, and no liquid should drain from it. Spit cans fail to qualify as empty. Label the waste with hazardous waste tags and a request for collection to hazardous waste collection team follow (Blackman, 2001). The environment, health, and safety then collect the waste for disposal as hazardous waste. They will facilitate and dispose the material waste generated by UCSD

Incredible India Assignment Example | Topics and Well Written Essays - 1000 words

Incredible India - Assignment Example The former capital of India was Kolkata, situated in the east of India. Today the capital of this country is Delhi located in the northern part of the country. Its flag has 3 horizontal bands of 3 colors with a blue Ashok chakra (24- spokes wheel) in the middle of the white band. First band is of saffron color which stands for courage and sacrifice, the second band is white which symbolizes peace and honesty, whereas the third band which is green signifies hope, joy, fertility and love and in many cultures have a sacred significance. Blue symbolizes vigilance, truth and loyalty, perseverance and justice. The currency of India is denoted in rupees. II. When we hear the name â€Å"India† one thing that comes to our minds is a huge country full of different colorful cultures and people coming from different religions with unlike beliefs speaking diverse languages having dissimilar lifestyles staying together with peace and harmony in one country. India was once known as the †Å"Golden bird† and today it is considered as the country of colors. From the deep red –orange marigold flowers that festoon almost every festivity to the tones of deep red that become the adornment of the bride on her most important day, India without colors cannot be imagined. Colors, becoming a vital part, controls every aspect of life in India when it comes to religions, festivals ,cultures , politics be it anything. In India be it north, south, east or west, color and culture go hand in hand. If I had to define India in one line it would be a magical experience which must not be missed. III. Below I will be discussing about language, art, marriage, family and religion in India. First we need to know the definitons of language, art, marriage, family and religion. IV. According to dictionary.reference.com, â€Å"a body of words and the systems for their use common to a people of the same community or nation† is called a language. In simple words a language is a way of communication between two or more living beings in such a way that both can understand what the other is trying to share. India is a vast country and therefore has many people belonging to diverse cultures. Each culture and community has its own language. Languages in India have evolved from two families, the Aryan and the Dravidian. Languages spoken in the southern part of India belong to the Dravidian family whereas the languages spoken in the northern part of Indian come from the Aryan family. Apart from these two families of language there is another language known as Sini-which come from the Mongoloid family mostly spoken in East India. Languages have evolved in different phases of history of India. The languages in which the holy books of different religions have been written is not spoken commonly any more. The holy books of hindus are written in Sanskrit, the holy books of Buddhism are written in Pali whereas Qoran is written in Arabic. Though these languages are not spoken in day to day life yet sanskrit is acknowledged as one of the official languages of India. Today Hindi is recognized as the official national language of India. Hindi is easily understood everywhere in India. People who speak other languages have also got quite familiar with Hindi due to media. Second to Hindi comes English. Today english is widely spoken

Gold Bear Golf INC. Essay Example for Free

Gold Bear Golf INC. Essay 1.The professional auditing standards have a set of five management assertions. Of the five assertions, three are very important in regards to the Paragon audit. The descriptions below, audit procedure is explained that would have ensured the audit was completed accurately. a.Occurrence- The management assertion that ensures a particular transaction actually happened. In the case of a construction company such as Paragon, this could be verified by going to a job site and checking to see if the job is actually happening. b.Valuation/Allocation- The management assertion that ensures the transactions are accounted for the correct amount. Changing from percentage-of completion method to the earned value method resulted in significantly overstated revenues and material misstatements in the financial statements. The audit procedure that should take place in this situation is inspection of the records. Looking back at the records would show the change was not supported by the accepted accounting standards. c.Presentation/Disclosure- The management assertion that ensures all changes within a company are stated in the notes of the financials. These changes should be easy to understand and depict a complete picture of the company from the year. The audit procedure that should have taken place during the audit is inquiry. Sullivan and the staff should have questioned the managers on his or her decisions instead of taking their word as to why the changes were made. 2.The audit failures the SEC were referring to was the fact that Sullivan and his staff relied on the manager’s word. Sullivan and staff did not perform the accurate assertions to test the information provided from Paragon’s managers. The audit partner, Sullivan in this case, is the individual who is in charge of ensuring everyone on the audit is performing his or her job completely and accurately. Sullivan will take the blunt of the responsibility because he is ultimately the person who is in charge of overseeing the auditing the audit as a whole, but the audit staff should also face consciences from the findings. 3.A high risk audit means the chance that of material misstatement and fraudulent activities are significantly higher. Weak controls, changes in management, and changes in accounting methods are several reasons why an auditor would conclude a company is a â€Å"high risk† engagement. The audit partner basis the risk of engagement on his or her observations from the company. When working a high  risk engagement, an auditor will examine a higher percentage of the transactions from throughout the year. Checking more transactions means the auditors are going to produce the most accurate financials possible and ensuring no fraudulent activities are taking place within the company. 4.Auditors do have the responsibility of following the AICPA Audit and Accounting Guides for specialized industries. The AICPPA set guidelines for companies in these industries to follow to ensure the end product is of highest quality. Auditors should make sure the managers are following all of the rules and regulation set forth for that type of company, but these guidelines should never override or replace the Statements on Auditing and Standards. The Statement and Auditing Standards is the rule book for how and what is to be performed in an audit. the AICPA should make the Audit and Accounting Guides for specialized industries in accordance with the Statement and Auditing Standards so the companies are operating with the highest quality, in both products and financial standing. 5.When making a change in the accounting principle used within a company, there has to be very good reason why the company wants to. When these changed are made, they must be presented retrospectively. Managers must produce the financial statements for the past several years so the public can see the effects it has on the company. On the other hand, the changes in accounting estimates are applied prospectively. Managers use the new method in estimating cost and revenues from that point forward. The changes Paragon made are for accounting estimates. The percentage-in-completion method and the earned value method are accounting estimate methods. Boyd and Curbello will use the new method from that point forward. The problem Paragon ran into is disclosure. The changes were not properly disclosed in the financials. This is a problem because two method result in very different numbers for the company.

The many failures that lead to the disaster at the Royal Bank of Scotland finance

The many failures that lead to the disaster at the Royal Bank of Scotland finance Among the many failures that led to the disaster at the Royal Bank of Scotland, there was obviously a failure of corporate governance. So it is only right that, along with all the other regulatory reviews, there should be a review of the governance of corporate governance. In Britain, this is partly a matter of self-regulation, with companies expected to follow the best practice corporate governance standards set out in the so-called Combined Code. It is surely only a matter of time before some headline-grabbing politician identifies the root cause of all our problems: we have been letting the rascals regulate themselves. So it is very sensible for the Financial Reporting Council, which acts as caretaker of the Code, to try to get its retaliation in first. And it is very sensible that it will work closely with Sir David Walker, who is conducting a separate review of governance of banks. Critics of the British approach to corporate governance particularly in America enjoy pointing out that RBS was, in fact, a model pupil. It did everything by the book, ticked all the boxes and filled page after page of its annual report with an exhaustive analysis of its corporate governance performance. In particular, it had a separate, non-executive chairman a central pillar of the UK code, but far from standard practice in the United States a post is designed to restrain an over-mighty chief executive. Yet the RBS chairman Sir Tom McKillop failed to restrain Sir Fred Goodwin, with catastrophic consequences for the bank and the taxpayer. American critics of the British system claim that we are so focused on ticking the boxes that it makes us complacent. It is one thing following all the rules, but boards also have to ensure that they are working in practice. There are a few obvious areas the review should examine. The roles of chairman, chief executive and senior non-executive director need to be better-defined. The code should encourage non-execs to seek outside advice on big decisions. It should consider whether there should be special rules applying to banks it would clearly be advantageous if at least the chairman and members of the risk committee of banks had specialist experience. The review should consider ways to encourage more active involvement of shareholders in corporate governance questions. And not just traditional institutions, but also sovereign wealth funds and even hedge funds. The problem with all this is that, however they are structured; boards are only as good as the people on them. And, for many reasons, the job of non-executive director of a big company, let alone chairman of a bank, is not getting any more attractive. Even good people fail. Example is RBS board. It included the likes of Peter Sutherland and Sir Steve Robson. And, given that so many reputations have been tarnished by the credit crisis, the pool of good people is shrinking. But it would be a mistake to allow the few good people to take on too many jobs. As chairman of BP, Mr Sutherland is now supporting the reappointment as a director of Sir Tom, whom he helped to become chairman of RBS. Sir Tom, the man ultimately responsible for Sir Freds pension, even sits on the BP remuneration committee. Research Question and Methodology: Royal bank of Scotland was a good example of following corporate governance which follows all the code of corporate governance. Despite this RBS had to bail out by taxpayer money, and majority of its share now owned by taxpayer. Board of directors of RBS was all outsiders and reputed on their own field and there was no inner member on the Board. This proposal found a report that RBS trader bought  £34 billion pounds of sub-prime toxic assets in US without informing its Board. The sub-prime assets are being blamed for causing the banks near collapse in 2008. Last year RBS posted a loss of  £28 billion the largest in British corporate history. There may be a conflict between Board of members and Management. Maybe if there were member in Board from inside or from management this trouble in RBS might be avoided. This proposal will try to find out structure and role of Board of Member and Management at RBS. And try to find out any conflict between Board and management which put RBS in turmoil. This proposal will try to research on theory of corporate governance and their practice at RBS; try to find out the impact of corporate governance and its practice at RBS. This proposal will use secondary date for its quantitative research. Literature Review: Corporate Governance Board of Directors The Corporate Governance is a wide and important subject that covers a range of issues from accountability and transparency and the relationship between the board of directors, management and shareholders to help in determining the path and performance of the corporation (Hunger Wheelen, 2007, p. 18). The corporate governance system was designed to help oversee the decisions and best interest of the shareholders. The system should works accordingly: The shareholders elect directors, who in turn hire management to make the daily executive decisions on the owners behalf. The companys board of directors position is to oversee management and ensure that the shareholders interest is being served. Corporate governance focus is with promoting enterprise, to improve efficiency, and to address disputes of interest which can force upon burdens on the business. Ensuring that the clearness, and truth in a companys business can make contribution to improving the enterprise standards and public g overnance. In brief, corporate governance is the system of controls to ensure that investors can assure themselves that they will get their investment back. Depending on laws and other standard it might vary, but generally Board of Director describes as bellow: Those who set the overall path, vision and mission within the business. Those who make the decisions to hire and, or fire any top management member (Hunger Wheelen, 2007, p. 19) Those who oversee management and evaluate strategy. Those who have the shareholders best interest in mind. Those who review and approve the use of company resources, as well as monitoring the effectiveness of the governance practices. Corporate Governance in U.K. Corporate governance is varied in almost every country depending on a number of factors such as the economic development of the country, the strength of the legal system, the stability of the government but despite this the U.K is decidedly different from that of its neighbouring regions in the E.U. There is a unitary board of management and a broader shareholder bases as well as hardly any dual shares and no pyramid structures. (Franks et al. 2004) An examination of the history and development of corporate governance and legislation in the U.K may provide some answers to the considerable differences that have occurred in contrast to many other European countries and worldwide. The U.K corporate governance practices have evolved from an agency perspective and the principal agent theory with a strong bias towards shareholder protection and shareholder rights. The protection of shareholders, in particular minority shareholders is covered by Company Law and is a major reason for the wide shareholder base characteristic of U.K listed companies. The major developments of a workable corporate governance system for the U.K came about due to a few notable high profile financial scandals and public corporate collapses such as Maxwells Communication Corporation and Bank of Credit and Commerce International (BCCI). Robert Maxwell had been taking money out of the pension funds to aid his downwardly spiralling financial situations and managed to bypass auditors and shareholders alike. His uncurbed power made this possible. The BCCI scandal had a worldwide effect. The Bank was guilty of bribery, arms trafficking, money laundering, the sale of nuclear technology, tax evasion, illegal immigration etc. Auditors were blamed again. After these and various other scandals there appeared to be a lack of confidence in the ability of many U.K companies to accurately report on their financial situations. This led to an important committee being formed; the Committee on the Financial Aspects of Corporate Governance. The report issued by the committee in December 1992 is one the most influential codes on corporate governance and has been used and adapted by many other countries in the development of their corporate governance systems. Sir Adrian Cadbury was the Chairman of the Committee and so the report became known as the Cadbury Report. This report made many valuable recommendations on the composition and roles of the board of directors as well as the non executive directors. Some of the recommendations given in the Cadbury Report were the separation of the Chairman and the CEO, the inclusion on non executive directors, regular and scheduled board meetings, directors access to advice, the length of appointments, the system of appointing non executive directors, disclosure of remuneration and the system of reporting and controls. All U.K registered companies who want to be listed must comply with the Codes of Best Practice recommended by the Cadbury Report. This comply or explain system as opposed to statutory regulation is said to give the United Kingdom an advantage in that it doesnt unnecessarily constrain business practice and innovation. (Financial Reporting Council 2006)

The Search for Enlightenment Essay -- Personal Narrative Writing

The Search for Enlightenment Nature, I think we can deduce, refers not only to animals, plants, and mountains, but rather to the universe as a whole--the entirety of the physical universe ranging from human nature to quantum nature while also including, plants, animals, and mountains as part of this greater whole. It has been the search for knowledge and truths of the wonders and mysteries of "nature," or rather the universe (in other words science) that has, over the past few years been the underlying motivation in my life. Not only do I find the search for knowledge exciting and intellectually stimulating, but I have found that this motivation gives meaning or rather a direction to my life. I don't wish to imply that science and religion give my life, nor events that occur during my life, meaning. I have always found that life is inherently meaningful without aid from science, religion, or purpose. But why does the search for knowledge hold such importance for me in providing motivation and, hence, meaning/direction? Is it nature or nurture? Is it due to my personality type (INTP--Introverted iNtuitive Thinking Perceptive [Myers Briggs Type Indicator) and my innate drive for competence or is it culture and socialization? Is it possible that my motivation and direction is not based on rational grounds but rather on a biological instinct that tends to create a generalized desire for competency? My drive for competency which, whether it has been unconscious or conscious at times and stimulated by both biology and environment, seems to motivate and direct my search for knowledge. I have realized that what has attracted me to science and the search for knowledge, is not that "science tries to explain what life is in order t... ... in an uncomplicated fashion so as not to scare away the masses. Thus, I hope that when I am older that I will be able to disregard my feelings of anger and frustration and move toward becoming a beacon of light for science in a world of "witchcraft that has taken hold of our culture and society. I have heard the call. I feel that I can best answer this call by searching for and obtaining a background in the social, natural, and physical sciences. I aspire to remove the ignorance of science and self in order to become an advocate for the "enlightenment" of scientific literacy. References Wilson, Edward O. 1998. Consilience, The Unity Of Knowledge. New York: Alfred A. Knopf, Inc. Dostoyevsky, Fydor. [1877] 1980. The Dream of a Ridiculous Man. New York: Signet Classic part of Penguin Books USA Inc. Orwell, George. 1946. Politics and the English Language. The Search for Enlightenment Essay -- Personal Narrative Writing The Search for Enlightenment Nature, I think we can deduce, refers not only to animals, plants, and mountains, but rather to the universe as a whole--the entirety of the physical universe ranging from human nature to quantum nature while also including, plants, animals, and mountains as part of this greater whole. It has been the search for knowledge and truths of the wonders and mysteries of "nature," or rather the universe (in other words science) that has, over the past few years been the underlying motivation in my life. Not only do I find the search for knowledge exciting and intellectually stimulating, but I have found that this motivation gives meaning or rather a direction to my life. I don't wish to imply that science and religion give my life, nor events that occur during my life, meaning. I have always found that life is inherently meaningful without aid from science, religion, or purpose. But why does the search for knowledge hold such importance for me in providing motivation and, hence, meaning/direction? Is it nature or nurture? Is it due to my personality type (INTP--Introverted iNtuitive Thinking Perceptive [Myers Briggs Type Indicator) and my innate drive for competence or is it culture and socialization? Is it possible that my motivation and direction is not based on rational grounds but rather on a biological instinct that tends to create a generalized desire for competency? My drive for competency which, whether it has been unconscious or conscious at times and stimulated by both biology and environment, seems to motivate and direct my search for knowledge. I have realized that what has attracted me to science and the search for knowledge, is not that "science tries to explain what life is in order t... ... in an uncomplicated fashion so as not to scare away the masses. Thus, I hope that when I am older that I will be able to disregard my feelings of anger and frustration and move toward becoming a beacon of light for science in a world of "witchcraft that has taken hold of our culture and society. I have heard the call. I feel that I can best answer this call by searching for and obtaining a background in the social, natural, and physical sciences. I aspire to remove the ignorance of science and self in order to become an advocate for the "enlightenment" of scientific literacy. References Wilson, Edward O. 1998. Consilience, The Unity Of Knowledge. New York: Alfred A. Knopf, Inc. Dostoyevsky, Fydor. [1877] 1980. The Dream of a Ridiculous Man. New York: Signet Classic part of Penguin Books USA Inc. Orwell, George. 1946. Politics and the English Language.

Iago of Shakespeares Othello :: free essay writer

Iago of Othello Of all the characters presented in Shakespeare's literature the most sinister one is without a doubt Iago. He is a ruthless sociopath. No other character can even come close to his evil. Most of the antagonists present in Shakespeare's plays have valid reasons for the troubles the cause. Iago doesn't for the most part he just has a burning hatred for the world especially Othello. Iago is the whole reason there is any conflict in Othello . If he never had entered the play Othello would have married Desdimonia and they would have lived happily ever after. Right from the beginning of the play to the very end he causes conflicts. He is directly or indirectly responsible for the deaths of: Othello Desdimona, Emilia, Cassio, and Roderigo. Which happen to be all of the main characters. I believe Shakespeare didn't just want Iago's character to be evil. I think he wanted him more to symbolize it. All of the problems he causes are through lies, treachery, manipulation, and a deep unknown hate. Some of his hate is fueled by jealousy and revenge. The ironic part is that he wants to be known as "honest Iago". Every act contains an evil plot set up by Iago. They all play into his "grand scheme". In the very beginning of act 1 Iago displays his hatred for Othello. He is angry at him for making Cassio the lieutenant. Jealousy is his first motif. He than tells Roderigo (a fo rmer suitor of Desdimonia) that Othello and Desdimonia are getting married. The two of them then go and tell Desdimonia's father, Brabantio that Othello and his daughter just got eloped. This infuriates Brabantio. Soon after Brabantio gets a gang after Othello. Iago's treachery is first displayed hear. When Othello is confronted Iago is on his side. Iago was the person who insighted the whole ordeal. Act 1-3 is where Iago pieces together his whole sinister plot to get revenge. He first tells Roderigo to sell his lands and move to Cypress to court Desdimonia. The last stanza is where he manifests his "grand scheme". His idea is to get Othello into thinking Cassio is in love with Desdimonia. That way Cassio will be dismissed from lieutenant and Othello will lose Desdimonia. Shakespeare does a very good job in showing what kind of person Iago is right from the beginning of the play. Iago of Shakespeare's Othello :: free essay writer Iago of Othello Of all the characters presented in Shakespeare's literature the most sinister one is without a doubt Iago. He is a ruthless sociopath. No other character can even come close to his evil. Most of the antagonists present in Shakespeare's plays have valid reasons for the troubles the cause. Iago doesn't for the most part he just has a burning hatred for the world especially Othello. Iago is the whole reason there is any conflict in Othello . If he never had entered the play Othello would have married Desdimonia and they would have lived happily ever after. Right from the beginning of the play to the very end he causes conflicts. He is directly or indirectly responsible for the deaths of: Othello Desdimona, Emilia, Cassio, and Roderigo. Which happen to be all of the main characters. I believe Shakespeare didn't just want Iago's character to be evil. I think he wanted him more to symbolize it. All of the problems he causes are through lies, treachery, manipulation, and a deep unknown hate. Some of his hate is fueled by jealousy and revenge. The ironic part is that he wants to be known as "honest Iago". Every act contains an evil plot set up by Iago. They all play into his "grand scheme". In the very beginning of act 1 Iago displays his hatred for Othello. He is angry at him for making Cassio the lieutenant. Jealousy is his first motif. He than tells Roderigo (a fo rmer suitor of Desdimonia) that Othello and Desdimonia are getting married. The two of them then go and tell Desdimonia's father, Brabantio that Othello and his daughter just got eloped. This infuriates Brabantio. Soon after Brabantio gets a gang after Othello. Iago's treachery is first displayed hear. When Othello is confronted Iago is on his side. Iago was the person who insighted the whole ordeal. Act 1-3 is where Iago pieces together his whole sinister plot to get revenge. He first tells Roderigo to sell his lands and move to Cypress to court Desdimonia. The last stanza is where he manifests his "grand scheme". His idea is to get Othello into thinking Cassio is in love with Desdimonia. That way Cassio will be dismissed from lieutenant and Othello will lose Desdimonia. Shakespeare does a very good job in showing what kind of person Iago is right from the beginning of the play.

The Role of Service Industry in the Economic Development

Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 www. iiste. org The Comparative Growth of Service Sectors in Bangladesh Mohammad Shahidul Islam1, Md. Musa2, Rajib Kanti Das3 1. Assistant Professor, School of Business, University of Information Technology and Sciences, 40/1 Jakir Hossain Road, Khulshi, Chittagong, Bangladesh Tel: 88-01190-955692 E-mail:[email  protected] com 2. Lecturer, School of Business, University of Information Technology and Sciences, 40/1 Jakir Hossain Road, Khulshi , Chittagong, Bangladesh,Tel: 88-01819-619269 .E-mail: [email  protected] com 3. Assistant Professor, Faculty of Business Administration, BGC Trust University Bangladesh * E-mail of the corresponding author: [email  protected] com Abstract The Economy of Bangladesh is classified into three sectors. Of these, the average contribution of service sector, industry sector, agriculture sector to the GDP are 49. 33%, 28. 42% and 22. 42% resp ectively. So, the service sectors contribute most of the development of national economy.The research aims are to analyze the comparative contribution of service sector with other sectors, the impact of trade liberalization of service sector and to provide the recommendations for development of service sector. It is taken a sample of ten years data of GDP from 2000-01 to 2009-10 for analyzing the comparison of service sector with other sectors (industry and agriculture). The average growth rates between service sectors and industry sectors or agriculture sector or total GDP are analyzed with‘t’ test. The average growth rate of service sector, inudsty sector, and agriculture sector are 6. 17%, 7. 49%, 3. 21% respectively.The growth of service sector is more than the agriculture sector but less than the industry sector (result of‘t’ test). The paper also reveals that total trade deficit of service is increasing over the year. The average employment of Agricul ture, Industry, Service to total employment are 58. 89%, 12. 39% and 25. 36% respectively. The paper emphasizes for the development of Tourism sector, Software, Transportation and Financial srvice, Education with quality, etc. Keywords: GDP, Service, Agriculture, Industry 1. Introduction The Economy of Bangladesh is growing one. It is basically divided into three basic sectors viz.Service, Agriculture and Industry. Among the Economic Sectors in Bangladesh, Service sector is most important. The contribution of service sector to the GDP is about 50% (Bangladesh Economic Review-2010). So, Service sectors influence the development of national economy. There is a latent demand for services in Bangladesh. To specify the need of services for huge population of Bangladesh, such sectors are to be opened for private entrepreneurs with required control. The enormous contribution of service sector and an increasing trend therein have played an important role in high growth of GDP.The analysis o f last few years’ data gives a clear idea on the phenomenon. The contribution of the industry sector to the economy of Bangladesh has been increasing day by day. For the purpose of national income accounting, Bangladesh Bureau of Statistics (BBS) divides the economy into fifteen sectors (Bangladesh Economic Review-2010, Ministry of Finance). 2. Problem statement From the growth of overall size of Economy, it is difficult to identify the significance of specific sector. Proper nurturing of significantly contributory sector, the growth of Economy may be resisted.Previously there was no difference between Services and Products. Service concept is the modern issue in the world. The most of the business is related to services. Even the product itself provides the service to the customers. So the services are the vital issue now. The economic sectors classified by Bangladesh Government are Hotel and Restaurant, Retail trade and Wholesale trade, Transportation and Communication, Rea l state and Renting, Financial Institution, Public Administration and Defense, Education, Health and Social Services, Community and Personal Services are included under Service Sectors.So they occupy a major share of total economics sectors. As a result, importance of service is significant. For Economic development we always think regarding industry and agriculture sectors rather service sectors. But major sector in the economy is service sector. In the modern world, service is required in every phase of life. People expect better service. Our public sectors 178 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 www. iiste. org including public enterprises are largest sectors in the economy. But these sectors are losing concern.The public sector is unable to provide competitive service. So, people go to private sectors such as financial institutions, transportation, hospitals, educational institutions, and communication media for better service. But the growth rate of service sectors is either below expected level or not as per its importance in the economy. From this research the problems of service sectors are identified. For increasing the living standard of the people the service concept has come to lime light. Service marketing and service management will get the importance to develop the service sectors in Bangladesh.The research aims are to analyze the comparative contribution of service sector with other sectors, the impact of trade liberalization of service sector and to provide the recommendations for development of service sector. 3. Objectives of the Study Some specific objectives are set for this research. The principal objective of this study is to evaluate the comparative position of service sector. To accomplish this basic objective, following specific objectives are set: i. To conduct the comparative analysis of service sector with Agriculture and Industry sectors. ii..To analyze the im pact of Liberalization on Service sectors iii. To provide the recommendations for development of Service sector. 4. Methodology This research has used mostly secondary data have been used for analysis. Data have been collected from Bangladesh Economic Survey, Bangladesh Bureau of Statistics, Bangladesh Bank, World Bank, and Internet web sites, Books, Newspapers, Magazines and Journals. We have used required data for ten years from 2000-01 to 2009-10 for analyzing the contribution of economic sectors, growth rate of each sectors viz. service, industry and agriculture.Data of service export and import from 2004-05 to 2009-10 (five years) and the data of employment contribution for 9 years have been explained. 4. 1 Analysis of data: The data have been analyzed using graph, chart and some other simple statistical tools. The growth rate of service sectors (trend) is shown by graphical presentation. The total contribution of service sectors and sector wise share of major sectors are shown graphically. The average growth rates between service sectors and industry sectors or agriculture sector or total GDP have been compared by student’s‘t’ test. 4. 2 Hypothesis test 4. 2. H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and industry sectors. ) 4. 2. 2 H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and agriculture sectors) 4. 2. 3. H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and the growth rate of total GDP) 5. Analysis and Results 5. 1. The Contribution of Service Sector Off all the sectors, service sector is prominent one. Service sector has the growing potential to be driver of sustainable economic growth and significant poverty alleviation in Bangladesh.Service sector in Bangladesh is the largest sector. From the table 2(a), it is observed that the contribution of the service sector is a verage 49. 33%. It is steady over the period. The contribution of service sectors are 48. 77% in 2000-01 and 49. 90% in 2009-10. Figure-1 demonstrates contribution of different sectors in GDP. The groth rate of srvice sector is steady. The average growth is 6. 17%. The growth rates are 5. 43% ,6. 40%, and 6. 59% in 2001-02, 2005-06, 2009-10 respectively. 5. 2. Growth of Sub-sectors of Service Sector Growth rate of service sector is consistnent and contineous.From the Table 1(b), it is shown that the four sub sectors –(i) Trade (ii) Transport, storage and communication (iii) Realstate renting and other Business activities (iv) Community, social and personal services contribute more in GDP which are 14. 06%, 10. 07%, 7. 98%, 7. 39% 179 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 www. iiste. org respectively. But The growth rate is more for the Education, Banking, Public administration, Transportation which are 8. 4 2%,8. 13%, 7. 88% ,7. 48% respectively. 5. 3.Comparative Analysis of Service Sector with Agriculture and Industry Sector From the comparative presentation of the sectors, it is found that service sector is sustaiable in terms of growth and contribution to toal GDP. From the Table 2(a), 2(b) and figure -2, it is shown that the average contribution of service sector, industry and agriculute sectors are 49. 33%, 28. 42%, 22. 25% respectively. So, the service sector is the half of total sector of economy. The growth rate of service sector, inudsty sector,and agriculture secture are 6. 17%, 7. 49%, 3. 21% respectively.Here, from the figure-2, it is seen that the contribution of service sector is steady. The contribution of industry sector is increasing with the reducing trend of agriculture sector. Here, aparently it is seen that the average growth rate of service sector is more the agriculture sectors and the total GDP growth and the average gorwth rate of industry sector is slightly mo re than the service sector. Now we shall statistically test whether the average growth rate of service sector is more than the agriculture sectors and total GDP growth and whther there is significant difference of growth rate between service sectors and industry sector. . Hypothesis test Since in the given data variances of population are unknown and the sample size is small we have used t-test from the table -6. The result of hypothesis test is in table 3. 6. 1. H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and industry sectors. ) Table 3: Paired Samples Test Details 95% Paired Std. Std. Confidence Differences Deviation Error Interval of the Mean Mean Difference Lower Upper 1. 1152 . 3717 -2. 1783 -. 4639 t df Sig. (2tailed) Pair 1 Growth rate of Service sector – Growth rate of Industry sector -1. 211 Growth rate of Service sector – Growth rate of Agriculture sector Growth rate of Service sector – Growth rat e of Total GDP sector 8 3. 554 .007 Pair 2 2. 7722 1. 2957 . 4319 1. 7763 3. 76826. 419 8 . 4806 . 1602 7. 3847E- . 6650 1. 845 8 02 .000 Pair 3 .2956 .102 Source: Compiled by authors through SPSS The table value is -2. 306 So, the calculated value (-3. 554) is outside the critical region. So, the alternative hypothesis is accepted. There is significant difference between the growth rate of service sector and industry sector.The growth rate of industry is more than that of service sector. 6. 2. H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and agriculture sectors) The table value is 2. 306. The calculated value(6. 1. 77) is outside the critical region. So, the growth of service sector is more than the growth of agriculture sector. 6. 3. H 0 :  µ1 =  µ 2 (There is no significant difference between the growth rate of service sectors and total GDP) The table value is 2. 3306. The calculated value (t=1. 84) is inside the critical region. So, the null hypothesis is accepted.Though the average growth rate of service sector is more than the growth rate of total GDP, but there is no difference with t test. 180 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 7. Trade of service and Trade liberization www. iiste. org Trade liberlization has opened a new horizon for service exports. Service export is the amount which is paid by the foreign national for using the service of Bangladesh. Service import is the amount which is paid by the Bangladeshi national for using the service of other countries. GATS was formed to eliminate the trade barriers.Here we shall see the impact of trade liberization on the service sectors of Bangladesh. From the table 4, the figure-3 is drawn. It is found from the figure -3 that the import of service average Tk. 199368 million is more than the export of service average Tk. 112214. 5 million. The total trade deficit is increasing over the year. The average rate of growth of service export is more than service import which are 16. 16% and 15. 89% respectively. This is a good symptom for Bangladesh. 8. Employment opportunity in Service sector Service sector has created a great scope for employment.Bangladesh is a labor intensive country. Population is an important resource of Bangladesh. From the table 5 (data is taken from world Bank data bank) the figure-4 is drawn and it is shown that average employment of Agriculture, Industry, Service to toal employment are 58. 89%, 12. 39 5and 25. 36% respectively. But employment of service sector is increasing. The employment of industry sector is increasing but agriculure sector is decreasing. 9. Recommendations for Service Sectors After analysis, it can be said that the contribution of service sector is about 49. 22% and the growth rate of service sector is 6. 75%. The contribution is about half of the total economic sectors and the growth rate is more than the avera ge growth of GDP. Emphasis is given on the service sector for development. Since the industry sector is growing rapidly (7. 49%), support can be given by providing the quality and smooth service. The employment in service sector is increasing day by day. So, there is lot of opportunity for employment in this sector. Though there is negative Trade Balance of service of Bangladesh, the growth rate of srvice export is more than that of import. It is a good symptom for us.So we have to emphasize the service export such as Tourism, Software, Transportation and Financial srvice etc. The prospects of some promising service sectors are pointed out below. 9. 1. Development of Tourism Tourism is one of the most promising sectors for Bangladesh with her huge natural beauty, heroic historical background and archaeological resources (Das & Chakroborty 2012). Bangladesh is a country of natural beauty. She has lot of tourism places. These places are of different interest like beaches, historical p laces, archaeological sites, religious palaces, forest and jungle etc. . 2. Development of Software and IT With the passage of time, the globe is being changed from analogue to automation. During last few years Bangladesh showed enormous success in Software and IT Sector which can enlarge the extent of her service market (BASIS 2010). The current size of Bangladesh IT Industry and software/ITES industry is still smaller compared to the overall economy and the number of population (over 150 million). Over the last few years the industry has been grown considerably and is expected to grow at that rate for some time. 9. 3.Information Communication Technology (ICT) With the hope of great development, the govrnment of people republic of Bangladesh introduced National Information and Communication Technology (ICT) Policy in October 2002. This policy document guides the development of a country-wide ICT-infrastructure for human resources development, governance, e-commerce, banking, public utility services and all sorts of on-line ICT-enabled services by 2006. 9. 4. Improvement in Transportation Transportation is an important sub-sector of total service sector. It includes different type of transport for example road transport, waterways, railways, and airlines.Of these, road transport is mostly used means of transport. Road transport in Bangladesh is a private sector affair operating predominantly in domestic routes. 181 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 www. iiste. org Rates are among the cheapest in the world. Express and non stop services are available. Total Highways is 204,022 km of which paved is 25,095 km and unpaved is 178,927 km (1996 est. ) (bangla2000. com). 9. 5. Quality Financial Services Financial service is another important part of total service sector in Bangladesh.It is a promising sub sector which consists of the Bangladesh Bank (the central bank), four nationalized commerci al banks (NCBs), 5 stateowned specialized banks (SBs), more than 30 private sector commercial banks (PCBs) and more than 9 foreign commercial banks (PCBs). The rest of the financial sector consists of more than 29 non-bank financial institutions, the capital market, 3 general and 17 life insurance companies, the cooperative banks and the microfinance institutions. 9. 6. Development of Education sector For increasing of people and literacy rate, the demand of higher education is increasing.The technical institution, Business education, health education create the demand to the people. The development of government and private universities is the indicator of growing demand of education sector. 10. Concluding Remarks The contribution of service sector is about 50 percent of the total GDP. So, the growth rate of GDP depends on the service sectors. The service sector provides the support for the development Industry sector and agriculture sector. For the international trade (export and import), the smooth transportations, financial and insurance service is required.For the improvement of the GDP sector, it has to give special emphasize on service sectors. There is lot of scope of development of service sector. Bangladesh is providing transit and transshipment to India, Nepal and Bhutan that will increase return from the transportation and communication sector. The manufacturing sector is growing rapidly. So, the need of financial service and education is increasing in future. Tourism, hotel service is promising in Bangladesh. The trade liberalization on service will cause the opportunity for service export. So, we have to take the initiatives for development of service sectors.This paper has analyzed the comparative contribution of service sector, the growth of service sector, service export and the employment in service sectors. There is scope for further research about the ways of development of service sectors. 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Financial Services and the World Trade Organization:Liberalization Commitments and the World Trade Organization, World Bank, 1818 H Street NW, Washington, DC. Ministry of Finance(2010), Bangladesh Economic Servey 2010, Ministry of Finance, Dhaka. Mascarenhas, Romeos, Service Sector Management, 1st ed. , Mumbai, VipuPrak ashan, 2002. 3. 5. Tour to bangladesh. com (Tour Operator of Bangladesh) 2010, Tourism Vision 2020, Bangladesh, accessed 2 May 2011, http://www. tourtobangladesh. om/Bangladesh-Tourism-Vision-2020. php Transportation, accessed 2 May, 2011 Appendices Table 1(a): Contribution of total service sector in GDP 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 49816 2519 37464 6608 25033 10505 9624 8373 23832 173774 6. 60 7. 31 7. 48 8. 13 3. 67 7. 88 8. 42 7. 02 4. 14 6. 17 Trade (Retail & Whole sales Hotel & Restaurants Transport, Storage & Communication Banking & Insurance Real Estate, Renting & other Business Activities Public Administration and Defense Education Health and Social Work Community, Social and Services Total Service Personal 8021 1335 19579 3270 18096 5322 4651 4548 16538 101360 29868 1427 20863 3489 18715 5637 5004 4789 17073 106865 31687 1527 22292 3722 19374 5932 5384 5059 17640 112617 33770 1635 23676 3983 20068 6351 5 798 5371 18340 118992 36155 1751 25552 4338 20801 6860 6256 5768 19082 126563 38596 1881 27592 4707 21569 7420 6822 6217 19863 134667 41700 2023 29809 5139 22381 8044 7433 6693 20733 143955 44543 2176 32357 5596 23221 8543 8013 7163 21731 153343 47309 2341 34949 6099 24106 9142 8658 7678 22753 163035 Source: Bangladesh Economic Review, 2010 Table 1(b): Contributions and growth of sub sectorsService sub-sector Trade (Retail & Whole sales Hotel & Restaurants Transport, Storage & Communication Banking & Insurance Real Estate, Renting & other Business Activities Public Administration and Defense Education Health and Social Work Community, Social and Personal Services Total Std. of Service sub-sector 7526. 08 398. 47 6109. 71 1140. 47 2336. 93 1678. 77 1647. 75 1289. 33 2471. 01 24576. 02 Std. of Service sub-sector growth 0. 75 0. 29 0. 80 1. 04 0. 14 2. 85 1. 17 1. 17 0. 58 0. 54 Avg. Contribution % 14. 06% 0. 68% 10. 07% 1. 72% 7. 98% 2. 71% 2. 48% 2. 27% 7. 37% 49. 33% Avg. f subsecto r total 38146. 50 1861. 50 27413. 30 4695. 10 21336. 40 7375. 60 6764. 30 6165. 90 19758. 50 133517. 10 Avg. of subsector growth Source: Bangladesh Economic Review, 2010 183 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 Table 2(a): Sector wise contribution in GDP (in percentage) 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 www. iiste. org Contribution of Agricultures Contribution Industry Contribution of service Total 25. 03 26. 20 48. 77 100 23. 98 26. 75 49. 27 100 3. 47 27. 24 49. 30 100 23. 08 27. 69 49. 22 100 22. 27 28. 31 49. 42 100 21. 84 29. 03 49. 14 100 21. 38 29. 45 49. 17 100 20. 83 29. 70 49. 47 100 20. 48 29. 86 49. 66 100 20. 16 29. 95 49. 90 100 1. 6 1. 38 0. 31 0. 00 22. 25 28. 42 49. 33 100 Source: Bangladesh Economic Review, 2010 Table 2(b): Sector-wise growth of GDP (in percentage) 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2 008 2008-2009 2009-2010 Average 3. 21 7. 49 6. 17 5. 88 112214. 5 16. 16% 51510. 798 199368 15. 89% 24606. 842 (87153. 5) 16. 69% Average Agriculture Industry Service 0. 01 6. 53 5. 43 3. 8 7. 26 5. 38 4. 09 7. 60 5. 66 2. 21 8. 28 6. 36 4. 94 9. 74 6. 40 6. 63 4. 56 8. 38 6. 90 6. 43 3. 21 6. 78 6. 52 6. 19 4. 12 6. 46 6. 32 5. 74 4. 39 6. 42 6. 59 6. 00 1. 53 1. 13 0. 54 0. 68 Total GDP 4. 42 5. 26 6. 27 5. 96 Source: Bangladesh Economic Review, 2010 Table 2(c): Growth of service and other sector (Chain base) 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 Average 7. 02 5. 61 5. 88 SDEV 28849. 471 Service 5. 30 5. 64 6. 17 7. 39 7. 78 7. 66 Other 3. 52 5. 14 6. 82 5. 59 6. 83 6. 01 Sectors Total GDP 4. 42 5. 26 6. 27 5. 96 6. 63 6. 3 growth Source: Bangladesh Economic Review-2010 Table 4: Service Receipts and Payments (in million Taka) 2004-2005 2005-2006 2006-2007 7. 02 5. 89 6. 19 7. 19 5. 21 5. 74 9. 05 5. 46 6. 00 1. 17 1. 00 0. 68 200 7-2008 2008-2009 Service Receipts 75067 89780 102352 129103 Growth of Service 19. 60% 14. 00% 26. 14% Receipts Service Payments 124871 156279 189649 231667 Growth of Service 25. 15% 21. 35% 22. 16% Payment Services(net) (49804) (66499) (87297) (102564) Growth of Service 33. 52% 31. 28% 17. 49% (net) Source: Bangladesh Balance of Payment-2010, Bangladesh Bank 122451 -5. 15% 236634 2. 4% (114183) 11. 33% 154534 26. 20% 257108 8. 65% (102574) -10. 17% 184 2009-2010 STDEV STDEV Average STDEV Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 Table 5: Employment contributions Year 1984 1985 Employment in agriculture (% of total employment) 58. 8 57. 7 Employment in industry (% of total employment) 11 11. 5 Employment in services (% of total employment) 24. 2 26 Source: World development index, World Bank Table 6: Growth of economic sectors 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 ww. iiste. org 1986 57. 1 12. 5 26. 5 1989 64. 9 15. 4 14. 8 1991 66. 4 13 16. 2 1996 63. 2 9. 6 25 2000 62. 1 10. 3 23. 5 2003 51. 7 13. 7 34. 6 2005 48. 1 14. 5 37. 4 SD 6. 06 1. 95 7. 35 Avg. 58. 89 12. 39 25. 36 Agriculture 0. 01 3. 08 4. 09 2. 21 4. 94 4. 56 Industry 6. 53 7. 26 7. 60 8. 28 9. 74 8. 38 Service 5. 43 5. 38 5. 66 6. 36 6. 40 6. 90 Total GDP 4. 42 5. 26 6. 27 5. 96 6. 63 6. 43 Source: Bangladesh Economic Review-2010, Ministry of Finance 3. 21 6. 78 6. 52 6. 19 4. 12 6. 46 6. 32 5. 74 4. 39 6. 42 6. 59 6. 00 1. 53 1. 13 0. 54 0. 68 . 21 7. 49 6. 17 5. 88 Figure 1: Contrubution of Service, Industry and Agriculutre Figure 2: Comparative Sector-wise Growth Rate 185 Average STDEV Sectors Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 5, 2012 www. iiste. org Figure 3: Service Export and Import Figure 4: Employment of Service Sectors. 186 This academic article was published by The International Institute for Science, Tech nology and Education (IISTE). 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