William Shakespeare s King Lear Essay - 2262 Words

Shakespeare s King Lear is regarded to be one of his most successful piece of literature, published in the 17th century, in which he depicts a dramatic adaptation of relationships between parents and their children. Preceding the twentieth century, several critics have deemed King Lear as a classic tragedy and therefore labelling the character of Lear as a tragic hero. This is because much-like the ancient Greek legend of Oedipus, Lear s sense of pride is what consequently leads to his demise from the very beginning, where Lear is arguably at the pinnacle of his power. Therefore, upon the traditional reading of King Lear, Lear’s human qualities shown following his downfall as king would prove this character suitable for the title as a tragic hero; where a lesson can be learned, thus allowing an Elizabethan audience to feel a sense of moral justice at the end of the play (however, the existence of the sub-plot involving Edmund and Gloucester alongside that of Lear s tragedy and his daughters implies a lack of distinction from Lear s character to other true tragic heroes). In light of this, it could change our overall interpretation of the play itself to be Shakespeare s personal comments on the Human Condition to his advantage, removes any suspicion that he may be making a direct comment on the death of an ageing monarchy and rise of a usurper towards the Catholic James 6th of Scotland by intentionally setting the play in a pre-Christian Albion world. Alternatively,Show MoreRelatedWilliam Shakespeare s King Lear1564 Words   |  7 PagesWilliam Shakespeare is universally known for his literary output both in poetry and drama. Whether through his laugh-invoking comedies or his heart-wrenching tragedies, Shakespeare’s plays have changed the course of literature. Many of his plays about love are widely praised by all, but Shakespeare s King Lear differs from the rest due to its definition of love. King Lear serves as an battleground between deception and compassion, between flattery and honesty. Rather than focusing on romantic loveRead MoreWilliam Shakespeare s King Lear1550 Words   |  7 PagesINTRODUCTION: By facilitating the growth of evil within William Shakespeare’s King Lear, it is evident that the tragedy’s protagonist, King Lear can be held accountable for his own victimization and ultimate downfall. The most notable aspects of this self-induced victimization include Lear’s own lack of practical wisdom and divergence from the natural order, combined with the neglect of kingship, that enables Lear as a tragic hero to create the conceptual framework in which the ulterior motives ofRead MoreWilliam Shakespeare s King Lear3086 Words   |  13 PagesJerion Young Ms. Woods English IV 4 March 2015 King Lear William Shakespeare uses several literary elements in his writing, elements which are especially apparent in his play, King Lear. Shakespeare uses excellent creativity and description when writing this tragedy. â€Å"Neither has Shakespeare placed in the mouth of any other character in this play such fatalistic expressions as may be found in King Lear and occasionally elsewhere†(A.C. 2003). The way King Lear talks in this play is very evil compared toRead MoreWilliam Shakespeare s King Lear1611 Words   |  7 Pagesexperience life-changing events that jeopardize our sense of identity and make us question how we value ourselves. Our perception of our worth can change with what we learn through our existence, much like the characters in the play King Lear by William Shakespeare. Adversity and hardship are inevitable when characters are unable to connect themselves within their own identity or find a loss of self at some point in their role. The self-awareness, an essential a spect of their role, of many ofRead MoreWilliam Shakespeare s King Lear1320 Words   |  6 Pagesothers. Having strong communication skills allows one to better understand the situation at hand. Proper communication is essential to working out problems because of this reason. In the play King Lear by William Shakespeare, Lear communicating with his daughters, Gloucester communicating with his sons, and Lear communicating with Kent are all examples of failure of communication, which later lead to consequences and hardships that the characters must face. Without proper communication, people willRead MoreBlindness By William Shakespeare s King Lear2212 Words   |  9 PagesMaysoun Deeb Mr. A. T. Lebar EN4UN-04 13 July 2015 King Lear Blindness by definition, according to dictionaries, is â€Å"unable to see and lacking the sense of sight† by which King Lear, the classic tragic play written by William Shakespeare, illustrated the concept of blindness amongst his characters as the leading theme. King Lear and Gloucester were the characters that have been conflicted by this â€Å"blindness† that may or may not change their personalities in the very end of the play. Gloucester becomesRead MoreWilliam Shakespeare s King Lear1546 Words   |  7 PagesTwo Sides to Every Person There are two sides to every story; that of the protagonist and that of the antagonist. As shown in the Shakespearean play King Lear, there is very little difference between the two. Edmund, who appears to be a villain, is more than meets the eye. His evil is a rebellion against the social order that denies him legitimacy. His villainy does not come from innate cruelty but from misdirected desire for familial love. His remorse in the end displays his humanity and blindnessRead MoreWilliam Shakespeare s King Lear1510 Words   |  7 PagesShakespeare’s King Lear deals with tragic human relationship like the other tragedies of the author, but this story was written in social aspect and raises the doubtful point on legitimacy of some political systems. In this play, various characters form multi-layered kconflict relations. Thus, the story is being propelled towards tragedy due to numerous inner and outer conflicts of each character. However, as it is brought into being a charact er, Edgar in the end of the story, it implies new beginningRead MoreWilliam Shakespeare s King Lear1470 Words   |  6 Pagesduring the Elizabethan era, making it relatable to all audiences, especially the modern audience, leaving room for multiple perspectives and understanding of the play. Shakespeare’s play ‘King Lear’, depicts the main protagonist’s ‘gradual descent into madness’ as a result of the forces of evil acting in the play for Lear has, to an extent, have sinned though it can’t outweigh that he has been sinned against. This is confirmed through Lear’s injudiciousness to see through his two eldest daughter’s internalRead MoreWilliam Shakespeare s King Lear 1306 Words   |  6 Pagesâ€Å"All...shall taste the wages of their virtue...the cup of their deservings. (5.3.317-320)† King Lear is frequently regarded as one of Shakespeare’s masterpieces, and its tragic scope touches almost all facets of the human condition: from the familial tensions between parents and children to the immoral desires of power, from the follies of pride to the false projections of glory. However, one theme rings true throughout the play, and that very theme is boundless suffering, accentuated by the gruesome

Different Forms of Love in Romeo and Juliet - 1447 Words

In the early stages of Romeo and Juliet, Shakespeare conveys love in many different ways. Love is shown as being imperfect, such as bawdy love, unrequited love and fatherly and maternal love, this contrasts greatly to Romeo and Juliet’s pure, perfect and requited love, and makes it seem all the more true before it is shown to be deadly. At the very beginning of act1 scene 1, bawdy love is shown by two lower class characters, Sampson and Gregory, who don’t think of women as equal but think of love in a purely sexual way, this is shown when they say â€Å"therefore women being the weaker vessels are ever thrust to the wall.† This shows that they feel that because they are stronger than women, they have more power over them and so the woman can†¦show more content†¦This shows how something imperfect, like bawdiness, can nevertheless be mixed with a more pure type of love such as the maternal love, shown by the nurse. At the outset, when Capulet is talking about marriage proposals to Paris, he shows his fatherly love and concern for his daughter and her happiness. He doesn’t want to marry her off too early, or force her to marry someone that she doesn’t like. He conveys this by saying, â€Å"Earth hath swallowed all my hoped but she†¦ woo her gentle Paris, and her consent is but a part.† This shows that Capulet cares about Juliet because she is the only hope that he has left. He tells Paris to â€Å"woo her gently† and not to push, or pressurise Juliet into marrying him, this shows his concern about her. In addition to that, Capulet tells Paris that Juliet’s â€Å"consent is but a part† which shows his consideration and trust in Juliet, that she is allowed to have her say in the marriage and that he trusts her to choose the right husband. He also doesn’t want her to marry at such a young age; this is made clear when he says â€Å"let two more summers wither in their pride Ere we may think her ripe to be a bride.† By saying this, it is clear how much Capulet cherishes Juliet. He is risking a rich suitor, to let Juliet become more mature before she marries. By speaking in prose Shakespeare shows Capulet’s class and authority, nevertheless, it also shows the sincerity of his love for Juliet. However the nurse also shows the love of a parent, sheShow MoreRelatedTo Explore and Examine the Different Forms of Love Within Romeo and Juliet1908 Words   |  8 PagesRomeo and Juliet was written by William Shakespeare as a play for the theatre. William Shakespeare took his idea from an Italian folk story and is heavily influenced by sonnets which where developed by Francesco Petrarch an Italian poet. Shakespeare took most of his inspiration for Petrarch for demonstrating love with in the poem. William Shakespeare wrote most his plays with three main themes. These themes are gang warfare, Young love and a moral in the tale. William Shakespeare is now widelyRead MoreHow Does Shakespeare Portray Love in Romeo and Juliet?1638 Words   |  7 PagesIn Romeo and Juliet, Shakespeare portrays different aspects and types of love in many ways. The obvious love is the fateful love between Romeo and Juliet although the play also displays platonic love, maternal love and aspects of adolescent love. The first kind of love shown in the play is teenage love through Romeo. Montague tells us that Many a morning hath he (Romeo) been seen... adding to the clouds more clouds with his deep sighs. Romeo is often seen sighing showing that he is either depressedRead MoreDifferent Ideas of Love in Romeo and Juliet by William Shakespeare1562 Words   |  7 PagesDifferent Ideas of Love in Romeo and Juliet by William Shakespeare Love has existed in many forms throughout time. There is no better example of this then in Shakespeares Romeo and Juliet. In this tale when love is most apparent, the most crucial events occur to develop tragedy. The evident forms of love are Familial love, Fraternal love and Romantic love. Shakespeare portrays the love of Romeo and Juliet as 2 halves which when joined makeRead MoreHow Is Love Presented in Romeo and Juliet and Two Poems from the Shakespeare Literary Heritage1213 Words   |  5 PagesHow is Love presented in Romeo and Juliet and two poems from the Shakespeare Literary Heritage Love is presented in a variety of different ways in Romeo and Juliet and my chosen poems from the Literary Heritage: Stop All the Clocks and Sonnet 130. For instance, in Romeo and Juliet Shakespeare is attempting to challenge the tradition of courtly love that was prominent in the Elizabethan era. He is suggesting that the tradition of courtly love is artificial and essentially false. CourtlyRead MoreThe Different Types of Love Presented in William Shakespeares Romeo and Juliet1204 Words   |  5 PagesThe Different Types of Love Presented in William Shakespeares Romeo and Juliet Shakespeare has written many plays, especially a lot of tragedies. The most famous of all Shakespeares plays is Romeo and Juliet, enjoyed by different generations down the years. The majority of the play takes place in the attractive small city of Verona, in the north of Italy. The play has been adapted in books, ballet and films. Romeo and Juliet is a play about a young man and a young womanRead MoreRomeo and Juliet, Tragedy or Romance791 Words   |  3 PagesRomeo and Juliet, Tragedy or Romance? What determines what a true love story is? Many events in Romeo and Juliet make the audience question whether or not they are truly in love or are just blinded by a false or not true version of a not so deep feeling. Romeo and Juliet is a famous love story but it stands out compared to other love stories. Romeo and Juliet continue to be a true love story to this day. They are married at a young age and differentiate from other love stories, it’s still consideredRead MoreThe Dramatic Significance of Act 1 Scene 5 of Romeo and Juliet1328 Words   |  6 PagesAct 1 Scene 5 of Romeo and Juliet This scene is very important to the whole play of Romeo and Juliet. Mainly because its where Romeo and Juliet first meet and fall in love, we also see tybalts anger which shows us the obstacles that will become a problem in Romeo and Juliets relationship. In a usual Shakespeare tragedy the main character that is noble of birth has a flow, which brings about their downfalls and death of others. Romeo and Juliet kind of fits inRead MoreDeath and Responsibility in William Shakespeares Romeo and Juliet1075 Words   |  5 PagesResponsibility in William Shakespeares Romeo and Juliet Death is an elusive concept that binds and connects a series of themes and issues that occur in Romeo and Juliet. To discuss whether Romeo and Juliet are responsible for their deaths, one must analyse various causes of this tragedy. This essay will explore the following reasons: family feuds, love, passion, and fate. First, it is important to understand the characters. Romeo we know is the only son and the mainRead More Comparing Different Types of Love in William Shakespeares Romeo and Juliet1520 Words   |  7 PagesComparing Different Types of Love in William Shakespeares Romeo and Juliet The three different examples of love between Romeo and Juliet, Romeo and Rosaline and Paris and Juliet do share some similar aspects, but they also have their own differences. These three different types of love show us the variations of love and how it can mask itself into different forms. Romeos love for Rosaline. He was portrayed as a Petrarchan lover and his love was simply an infatuationRead MoreThe Representation of Love and Marriage in William Shakespeares Romeo and Juliet793 Words   |  4 PagesRepresentation of Love and Marriage in William Shakespeares Romeo and Juliet In this essay I am going to examine love and marriage and the way it is presented in the play Romeo and Juliet. William Shakespeare is one of the most famous writers in British history. During Shakespeares time, attitudes to love and marriage were very different to the ways we are used to today. Love is presented as an intense and overwhelming force in the story and different forms of love are presented

Finnce And Capital Budgeting Techniques †MyAssignmenthelp.com

Question: Discuss about the Finnce And Capital Budgeting Techniques. Answer: Capital budgeting techniques Capital budgeting is considered to be a process of planning that usually used to establish whether an organization's long-term investments like replacements of equipment, new machinery, new products, new plants and research improvement projects are worth support of cash via the company capitalization plan (Andor, Mohanty, and Toth, 2015). Capital budgeting is primarily one of the areas that have basically attracted a lot of academic attention in the last decades, and a lot of descriptive literature has emerged in as a management accounting technique. Capital budgeting decision is of strategic significance not only for the development of the company but also for the overall growth of the overall economy because such diverse decisions basically involve the company committing limited productive resources to its systems of production as they renew or strengthen their resources. Therefore, the aspect of capital budgeting involves how diverse resources must be allocated to the organization so as to maximize the stakeholder's wealth (Burns, and Walker, 2015). It involves a commitment of large amounts of funds in a provided project, or investment and such decisions are often complex to reverse without disturbing the firm financially and economically. In this case, capital budgeting practice is considered to be one of the important inputs of investment decision-making process of working on diverse projects or investments. According to Chittenden, and Derregia (2015), capital budgeting practice is employed so as to make diverse decisions in investments in long-term assets such as plants, properties, equipment, designs, and trademarks. Capital budgeting techniques are stipulated decisions rues that guides the managers on how to make investments or projects decisions since they are usually measures of the investments or projects economic and desirability feasibility. Various capital budgeting techniques have been gradually developed over time. Because the future is basically full of uncertainties, managers should scan the environment in which they operate in. Diverse factors often affect the forecasted cash flows, and they include; inflation, risks, uncertainties and the discount rate. The most generally recognized and used techniques are basically grouped into two major classifications. Conventional techniques Discounted cash flow techniques Conventional techniques are considered to be those techniques that do not consider the time worth of cash flows and they include the Accounting Rate of Return and the Pay Back Period. On the other hand, the discounted cash flow techniques are considered to be those techniques that basically consider the time worth of the cash flows and they encompass the Probability Index, Net Present Value and the Internal Rate of Return. However, the Pay Back Period has been modified at least to consider the time worth of money but, still it has the problem of not recognizing the cash flows after the Pay Back Period (Brunzell, Liljeblom, and Vaihekoski, 2013). Discounted cash flow techniques basically do not offer the methodology for measuring the value or worth of real options since the value derives from the aspect that diverse managers have the right to make on going favourable decisions that concerns the investment and subsequent operations of the investment or the project. Capital budgeting ba sically comprises of diverse techniques utilized by company executives such as; Pay Back Period Technique Pay Back Period basically measures the time length that it takes a firm to recover the cash in original venture. This notion can also be elucidated as the basic length that a project or investment takes in order to produce cash equals to the project and pay the organization back (Ghahremani, Aghaie, and Abedzadeh, 2016). Pay Back Period is usually evaluated by dividing the resources investment by the net yearly cash flows. In this case, the petite the Pay Back Period, the faster the organization recuperates its cash investments. Net Present Value (NPV) Net Present Value is considered to be the worth of the present amount of cash in contrast to some future worth that will contain when the amount is capitalized at a compound interest. It is basically a measurement of revenues calculated by subtracting the current value of the fund flows that included the initial costs from the present values of the cash flows over period of time (Gitman, and Maxwell, 2011). This particular technique is usually used to determine the present worth of a project by the discounted amounts of cash flows that is received from the investment or the project. This particular technique is vital for managers because it basically considered the time worth of money and favours the ultimate aim of organization of maximizing the shareholders wealth and increasing the company share price. Internal Rate of Return (IRR) Internal Rate of Return is a technique that basically uses the present worth of fund flow concepts. This technique basically defines the interest yield of the projected capital investment at which the NPV equals to zero which is where the present worth of the net fund flows equals the venture (Rossi, 2015). In this particular case, if the IRR is considered to be greater than the company required rate of return, then the project may be accepted and rejected if its IRR is not more than the essential rate of return because it is unprofitable. Managers often employ this particular technique in order to determine the project effectiveness. Probability Index (PI) Probability Index technique is the ratio of the present worth of the future money flows of a project to its original project that is required for investment. This technique measures the present value of the returns that is derived from each of the invested amount that will basically demonstrate the relationship that exist between benefits and the cost of the project (Schlegel, Frank, and Britzelmaier, 2013). Probability Index technique is usually useful to the company managers because it will assist them determine the ratio of the future cash flows of the projects anticipated to be invested. Sensitivity Analysis Sensitivity Analysis is one of the technique developed to address the capital budgeting decisions problems. Sensitivity Analysis helps in measuring the sensitivity of a decision to the changes in the variables of one or more parameters. It examines the changes in the projects Net Present Value for a provided variation in one of the variables. Sensitivity Analysis also shows how profound the projects IRR or NPV are to the changes in a particular variable (Bierman and Smidt, 2012). The technique basically investigate the aspect that can happen to the Net Present Value only when one variable is changed as it assists managers identify the margin of safety for each factor identified. In the Sensitivity Analysis other factors that affect are kept constant and the one that varied at a period to see how that factor affects the projected cash flows. Therefore, Sensitivity Analysis is basically referred to as the technique that is utilized to define how diverse values of an independent variable might influence a particular dependent variable in a given set of estimates. It is usually used in specific limits that will rely on more or one input variables like the impact that varies in rates of interest will contain on a price of a bond. The sensitivity is mainly concerned with what if questions such as what if the market share decrease or increase by a certain percentage, what will be the anticipated cash flows (Peel, and Bridge, 2008). Even though this particular technique can basically identify the factors that are considered to be more risky as far as the investment is concerned, the technique does not basically offer a basis of accepting or rejecting the investment or the project. This is because it only shows that a certain factor is more risky than the other and thus one can still do the evaluation techniques in order to choo se the project. Sensitivity Analysis has been proved to be static because it only analyses one factor at a time and this make the managers to depend mostly on their personal judgements (Ghahremani et al. 2016). Even though this particular technique is good but it may need the managers to have more knowledge and skills on how to conduct break even analysis and correlation that may make it hard to be utilized in small businesses especially in the developing states. This therefore may make Sensitivity Analysis less applicable in the developing nations. Steps used in the use of Sensitivity Analysis Identification of all the variables that have effects of the projects Internal Rate of Return or the Net Present Value. Definition of the important correlations in the resultant variables Analysis of the influence of the changes in each of the variables in the Internal Rate of Return or the Net Present Value of the projects (Levin, and Hallgren, 2017). Generally, sensitivity analysis facilitates the organization to approximate what will occur to the investment if the assumptions or the estimates turns out to be unpredictable in case the project do not generate the anticipated results. This technique is of great significance to the company managers because they will contain a clear view point of a particular project before embarking on the investment. Scenario Analysis Scenario Analysis is a techniques that basically evaluates the expected value of the proposed business investment activity. This particular technique is considered to be a strategic practice of exploring diverse decisions by comparing alternative probable results since it is not a predictive tool but an analytic technique to accomplish uncurtaining today (Hasan, 2013). The statistical mean is that the highest probability event expected in a particular situation. Scenario Analysis offers a means to assess the probable inconsistency in a capital budgeting projects Net Present Value. Scenario Analysis calculates numerous Net Present Value for the projects basing on diverse scenarios. Unlike the sensitivity analysis that basically analyses only one factor, the Scenario Analysis analyses all the factors at the same time and find out how the factors affects the expected Net Present Value (Baker, and English, 2011). Scenario Analysis is basically intended to see the magnitudes of an event under different set of elements. For instance, it demonstrate how the Net Present Value of an investment would differ under low and high inflation. In this case, scenarios must be practical enough so as to offer a precise picture of the results because a noble scenario for a manager or a stakeholder must not contain captivating the lottery because even though the prospect is viable, but is neither realistic nor feasible for analyzing the possible outcomes. Scenarios analysis uses three different scenario namely; worst case, best case and base case. The base case is considered to be the probable scenario if all things proceeds typically and this is what the anticipated results will be. The best and worst cases are apparently scenarios that contains more or less favourable settings but they are still restrained by a sense of viability (Hise, and Strawser, 2013). For instance, a cost manager who creates the worst case scenario will not be better served to have it included a disaster that destroys the firm because in a bad situation, it is not convincing enough to be useful. Generally, the aim of the scenario analysis is not only to ascertain the exact situations of each situation, but also it just necessities to estimate them so as to offer a possible notion of what may occur. Scenario analysis majorly focuses on approximating the value of the portfolio that could reduce to if an unfavourable condition of the worst case is basically experienced. The first step in using Scenario Analysis is to determine the NPV or the IRR and then identify all the possible errors of the cash flows and investigate the major effects of their assumptions (Rossi, 2014). This particular technique is offers a means to assess the probable unevenness in a capital budgeting investments NPV for the managers in an organization (Ghahremani et al. 2016). By conduction this particular analysis, managers or investors can produce or generate a risk profile for the predicted projects and then build a basis for comparing probable investment that can facilitate the company productions. Monte Carlo Simulation Analysis Simulation Analysis is considered to be a budgeting technique that basically uses statistical data to figure out the average outcome of a scenario basing on complex and multiple factors. The statistical distribution is approximated for each of the input such as market risks or inflation rates. Simulation Analysis is also considered to be a powerful spread sheet technique that permits diverse executives to better visualize and understand uncertainty and risks in discounted cash flows analysis (Gitman, and Maxwell, 2011). The main output, a histogram of the Net Present Value basically draws the complete distribution of probable results as a bell formed curve and thus estimating the prospect of success of a project. (For example, Net Present Value = Zero). Even though this techniques uses fictional names, managers usually illustrate real capital budgeting problems to demonstrate how using this particular technique can result in a more informed making of decisions. Financetheory basically demonstrates that projected cash flows must be discounted at the opportunity required rate of return using a rule of decision to either reject or accept all negative or positive NPV projects. A central issue for organization managers is how to deal with the aspect of doubt that is the statistic that projected cash flows are only a point approximate of a big amount of probable insights (Chittenden, and Derregia, 2015). Simulation Analysis assist manager of an organization determine the most viable projects because the technique often combines the scenario and sensitivity analysis in analyzing risks in investments cash flows by identifying the main factors that influence the profits and interrelationships. Basically, the cash flows are embedded to demonstrate the main factors that influences both the cash payments and receipts and their interrelationship (Chittenden, and Derregia, 2015). Even though the approach theoretically appear to be good, but in practice the technique may be expensive and complex to be used especially for small and medium enterprises and also in the most developing nations because in needs the use of computer software. Simulation Analysis basically comprises of the following steps; Identify the exogenous variables that influence the cash outflows and inflows of the investment and its IRR or NPV like demand, selling price, market size and the variable costs. Understands the relationship between the NPV and the variables such as revenues relies on sales volume and sales price, sales value depends on the market size and market share (Gitman, and Maxwell, 2011). Specify the probability distribution for each of the exogenous variable Then develop a computer program that randomly chooses one value from the possibility distribution of each of the variable and then use this value in order to calculate the NPV or the IRR of the investment or the project. Break Even Analysis Break Even Analysis is a capital budgeting tool that is utilized to define the opinion at which profit gained equals the value that are associated with gaining the income. It is also a common and most popular technique for analyzing the relationship between profitability and sales volume since a break even aspect often occurs where the total profits equal the total costs, and therefore the revenues are zero (Burns, and Walker, 2015). This technique usually computes what is referred to as the margin of safety where it is the quantity at which the profit surpasses the breakeven point. In this case, Break Even quantity is the amount that profits fall while still remaining above the breakeven point. This particular analysis is important for managers of an organization because it is considered to be a useful tool that facilitates the study of the relationship between variable costs, fixed costs, and returns. Variable costs often vary in direct relationship to output volume while fixed costs are not directly related to the production level. Breakeven points basically defines when a project will produce a positive yield and can be assessed realistically or with modest arithmetics that basically calculates the production volume at a provided price essential to cover all the prices (Cooper, Cornick, and Redmon, 2011). Under the Break Even Analysis, managers of organizations can make an assessment in regarding the probability of not achieving the Break Even sales level. For viable organizations, the lower the Break Even, the safer the projected investment and vice versa. The Break Even Analysis basically works like sensitivity analysis in capital budgeting because the technique emphasizes costs, sales and the price and how they influence on the company profits and revenues. In this case, Break Even Analysis is important for managers when performing capital budgeting because it often facilitates the managers to have a clear point of view of the investment planned to be undertaken that has a shorter break-even period (Rossi, 2015). This technique is also useful to managers during capital budgeting because it demonstrates the amount or the value of the break-even sales in both quantity and value. Bibliography Andor, G., Mohanty, S.K. and Toth, T., 2015. Capital budgeting practices: A survey of Central and Eastern European firms.Emerging Markets Review,23, pp.148-172. Baker, H.K. and English, P., 2011.Capital budgeting valuation: Financial analysis for today's investment projects(Vol. 13). John Wiley Sons. Bierman Jr, H. and Smidt, S., 2012.The capital budgeting decision: economic analysis of investment projects. Routledge. Burns, R. and Walker, J., 2015. Capital budgeting surveys: the future is now. Brunzell, T., Liljeblom, E. and Vaihekoski, M., 2013. Determinants of capital budgeting methods and hurdle rates in Nordic firms.Accounting Finance,53(1), pp.85-110. Cooper, W.D., Cornick, M.F. and Redmon, A., 2011. Capital budgeting: A 1990 study of Fortune 500 company practices.Journal of Applied Business Research,8(3), pp.20-23. Chittenden, F. and Derregia, M., 2015. Uncertainty, irreversibility and the use of rules of thumbin capital budgeting.The British Accounting Review,47(3), pp.225-236. Ghahremani, M., Aghaie, A. and Abedzadeh, M., 2012. Capital budgeting technique selection through four decades: with a great focus on real option.International Journal of Business and Management,7(17), p.98. Gitman, L.J. and Maxwell, C.E., 2011. A Longitudinal comparison of capital budgeting techniques used by major US firms: 1986 versus 1976.Journal of Applied Business Research (JABR),3(3), pp.41-50. Hasan, M., 2013. Capital budgeting techniques used by small manufacturing companies.Journal of Service Science and Management,6(01), p.38. Hise, R.T. and Strawser, R.H., 2013. Application of Capital Budgeting Techniques to Marketing Operations.Readings in Managerial Economics: Pergamon International Library of Science, Technology, Engineering and Social Studies, p.419. Levin, V. and Hallgren, A., 2017. The choice of capital budgeting techniques: a human capital approach. Peel, M.J. and Bridge, J., 2008. How planning and capital budgeting improve SME performance.Long Range Planning,31(6), pp.848-856. Rossi, M., 2015. The use of capital budgeting techniques: an outlook from Italy.International Journal of Management Practice,8(1), pp.43-56. Rossi, M., 2014. Capital budgeting in Europe: confronting theory with practice.International Journal of Managerial and Financial Accounting,6(4), pp.341-356. Schlegel, D., Frank, F. and Britzelmaier, B., 2016. Investment decisions and capital budgeting practices in German manufacturing companies.International Journal of Business and Globalisation,16(1), pp.66-78.