How to buy a car Essay Example | Topics and Well Written Essays - 500 words - 1

How to buy a car - Essay Example Estimate a figure for yourself, with a range of the lowest and highest amount you, are prepared to pay for the car. Under no conditions should you go out of this range as it will ensure you do not spend more than you can afford. The next step in purchasing a car is to research online for car dealers near your locality that sell the type of car you want. Searching for dealers near you is advisable as it eases the purchasing process at a later time. Once you have identified dealers near you that have the car that you need, contact them through the internet or by phone and request for full details about the car including the quotation. Thoroughly go through the car details to ensure it has all the features you want. The fourth step entails doing further research on the price and characteristics of the car. You can go to the manufacture’s website to determine if the dealers are authorized dealers. Authorized dealers tend to give better discounts and also give promotional products as compared to dealers who might be brokers. You must carry out further research on the prices of the car type that you want and compare its features with that of other manufacturers to determine it is of the right worth. At this stage, you must have a range for the actual car price. Once you have determined the lowest price that you can get for the car, bargain with the dealers to ensure that you get a good price. You must not fear to bargain. You can go up to the level of pitting two dealers together by sending them low quotations from other dealers. At this stage eliminate some dealers who are rather uncooperative or have high price quotations, and single out at most three dealers who you will bargain  with later. Once you get the best prices from the dealers move to the next step The sixth step is where you bargain for tradeoffs and financing with the dealers. Ask for best prices for your trade and do some online research to determine

Issues and Traditions of Judaism, Christianity, and Islam Essay Example for Free

Issues and Traditions of Judaism, Christianity, and Islam Essay Religion takes on many different forms and there are several definitions in as many languages used to describe the practices. For the purposes of this paper, the following basic definition will be used. Religion is the belief in and reverence for a supernatural power or powers regarded as creator and governor of the universe. Also, a personal or institutionalized system grounded in such belief and worship (Company, 2000). This paper will examine three major religions of today: Judaism, Christianity, and Islam. An attempt will be made to identify the top two current issues each religion faces as well as look at two sacred traditions and study the significance and major characteristics of each. Judaism Judaism is monotheistic in nature and has been described as a religion, a race, a culture, and a nation. All of these descriptions have some validity to them but Judaism is best described by some as an extended family (Rich, 2006). This extended family consists of four movements Reform, Conservative, Orthodox, and Reconstructionist. All of which, still find themselves victims of discrimination known as anti-Semitism which is based on stereotypes and myths and often invokes the belief that Jews have extraordinary influence with which they conspire to harm or control society. For those Jews living in the Middle East there is also the very real danger and threats from a powerful country possibly in possession of nuclear weapons. The president of Iran threatened them publicly with annihilation. Discrimination and threats of violence Jews are a very real part of Jewish life but there are just as many positive popular time honored traditions that exists still today. One of which is the wedding tradition. The tradition begins with the husband signing a Ketabuh, the groom’s marital contractual obligation to the bride. The groom is then led to the Chuppah, a tarp this symbolizes their future home together. The bride is led in with singing and dances and then she circles the groom seven and comes to stand to the right of him. After several additional steps the marriage is blessed and ends in a wedding feast. Another Jewish tradition performed prior to Yom Kippur is called the ceremony of kapparot. The practice was first discussed at the beginning of the ninth century. It was believed that the sins of an individual could be transferred to a fowl, a rooster for men and a hen for women. The fowl was to be held over the head and swung in a circle three times while the following was spoken: This is my exchange, my substitute, my atonement; this rooster (or hen) shall go to its death, but I shall go to a good, long life, and to peace. (Schwartz, 2009) The fowl was then donated to the poor and hoped to take on any misfortune that might have occurred to the one who took part in the ritual. The primary sacred text used by the Jews is the Torah. Christianity is currently noted to be the largest religion in the world today, with around two billion followers. Christian beliefs center on the life, death, burial, and resurrection of Jesus Christ as the son of God. Jesus’ teachings focused on the kingdom of God, love of God, and love of one another. Today there are many different views his teachings and the meaning of some forms of love. One of the most controversial topics in the faith today is that of practicing homosexuality. The Christian bible stems from the Jewish sacred text which banned homosexuality of any kind. The bible even talks of God destroying two cities over homosexual behavior (Clark, 2009). Today many leaders condone the behavior and some are even practicing it themselves. While homosexuality may serve as a religious divider here in the U. S. , persecution is served cold as a divisionary disabling tactic abroad. It is the number one issue facing many Christians today, outright discrimination as in the case with Jews as mentioned earlier. In countries such as Iraq, Afghanistan, China, Saudi Arabia, and others Christians are being martyred because of their refusal to denounce Christianity. Everyday there are approximately 465 people killed because they will not give up their faith in Jesus (Dearmore, 2009). Most Christians in the U. S. attend a church service of some kind one to three times a week. This is a time honored tradition, just as the wedding tradition is in Judaism. The reason behind this is to participate in a time of fellowship with one another. Normally, the tradition includes worship service, private and corporate prayer, the study and reading of scriptures, and collection of tithes and offerings. There is also the coming together for celebration of special holidays. The most important Christian holiday is Easter, the celebration of the resurrection of Christ and Christmas the celebration of his birth. Christian practices differ by denomination. Easter is a central theme for most if not all denominations. The origin of the word â€Å"Easter† is not certain but it was probably derived from Estre, an Anglo-Saxon goddess of spring (Dreamweaver, 2009). It is a celebration of the central event of the Christian faith, the belief that Jesus rose from the dead on the third day following his death and burial. It is the oldest Christian holiday and the most important day of the church year. There is evidence that the resurrection used to be celebrated every Sunday until some point in the first two centuries when it was agreed to move it to once a year. The sacred text of Christianity is the Bible. Islam The Islamic religion is monotheistic in nature; they follow one God named Allah. The primary meaning of Islam is peace and the prime message is the Unity of God. Islam identifies Jesus and John the Baptist as prophets. They also believe that there will be no other prophet after the prophet Muhammad. One of the primary concerns facing the Muslim community still today is retribution after the terrorists’ attacks of 11 Sept 2001. Many Islamic followers faced discrimination on all fronts because of the fear of their culture and religious stereotyping (Clark, 2009). The attacks on American soil left a scary imprint of terror in the minds and hearts of many. The media portrayal added fuel to the fire and did nothing to ease the tensions caused by the scary pictures of death left behind. Unfortunately, there is also the fight with fundamentalist ideology and division among their own religious sects. Some groups are teaching others to hate Jews, Christians, and Americans as well as others. In the midst of this hate is a tradition of peace and goodwill towards others. One of the most important traditions is the observance of the Five Pillars of Islam. This involves witnessing to the fact that there is none worthy of worship except Allah. The second pillar is Salat, facing toward Mecca, the Holy Land of Muhammad, five times a day and kneeling in prayer. The third pillar is Alms giving, which encompasses giving charitably to other Muslims. The fourth is the performance of a pilgrimage to Mecca at least once in their lifetime. Last is to observe fasting during Ramadan. Muslims normally worship in Mosque; they kneel prostrate on small prayer rugs. The rugs may look to be small oriental carpets. Muslims kneel as a sign of humility before God. There is only one requirement that the place of prayer be clean. The rug is approximately one meter in length just long enough for an adult to fit on comfortably. When prayer time comes the rug is placed on the ground with the top pointed in the direction of Mecca, Saudi Arabia. After prayer the rug is immediately folded and put away until next time. The Arabic word for a prayer rug is sajada, which comes from the same root word (SJD) as masjed (mosque) and sujud (prostration) (Huda, What are prayer rugs, and how are they used by Muslims? ). This paper discussed three major religions of today and two current issues that they face. It also examined the characteristics of some of their valued traditions. Judaism, Christianity, and Islam all have one central theme in common besides the discrimination they all endure; they are all monotheistic in nature. They all believe in their own sacred text, their own version of truth. References http://islam.about.com/od/prayer/f/prayer_rugs.htm http://www.jewfaq.org/judaism.htm http://www.jewishvirtuallibrary.org/jsource/Judaism/kapparot.html

Horse Dealer Daughter mythology :: essays research papers fc

Cosmological Life Cycles In â€Å"The Horse-Dealer’s Daughter†   Ã‚  Ã‚  Ã‚  Ã‚  Cosmological myths serve the purpose of explaining existence, particularly to less scientifically advanced cultures. These myths, or stories, were created as a way of dealing with the questions regarding the universe which could not be answered concretely. Cosmic myths include creation myths, flood myths, apocalyptic myths, and afterlife myths. Examples of all of these aspects of the cosmological life cycle are present in D.H. Lawrence’s â€Å"The Horse-Dealer’s Daughter†.   Ã‚  Ã‚  Ã‚  Ã‚  Creation myths, cosmogonies, explain the beginnings of the universe. The book of Genesis, the Hebrew story of creation, tells of a supreme being who brings light unto the darkness, moves the waters from the land, and gives life (Leeming, 24-25). Mabel, the main character in â€Å"The Odor of Chrysanthemums†, finally begins to live her own life after being rescued from dark, murky water by a man who can give her everything she needs (Lawrence, 9-10).   Ã‚  Ã‚  Ã‚  Ã‚  Flood myths help to explain events which cannot be controlled, such as natural disasters. The Hebrew flood myth tells of a man named Noah, who is selected, along with his family, to survive an epic flood. The flood must occur to cleanse the world of its impurities (Leeming, 47-53). The â€Å"flood† in Mabel’s own life involves the many things she loses: her mother, her family’s money, her idea of the future. However, these losses allow her to become a stronger person, to move away from merely being a daughter or a sister and become Mabel (Lawrence, 1-15).   Ã‚  Ã‚  Ã‚  Ã‚  Apocalyptic myths tell of the end of the world. The Norse myth â€Å"Ragnarok† ends with the Gods dying, and new gods stepping in to take their places (85-88). In â€Å"The Horse-Trader’s Daughter†, Mabel loses her mother, her creator. The doctor who saves her from drowning then takes on the important role of having given her renewed life, filling that void for Mabel (Lawrence, 1-15).   Ã‚  Ã‚  Ã‚  Ã‚  Afterlife myths explain what becomes of the soul after the body dies, as humans have a problem accepting the possibility that the soul becomes nothing.

Relationship Between Money and Happiness

Preface First, people could not be without money. That is, if people out of money, people have no happiness lives with. Money is the foundation of live, for if there is no money, people cannot survive. If people cannot survive, how can there be happiness at all. Second, money is not everything. Most of the happiness could not be brought by money. For example, Bill Gates cannot enjoy the happiness of escape from a disaster, cannot enjoy the happiness of be a world champion, cannot enjoy the happiness of win the gold medal, cannot enjoy the happiness of families reunion, cannot enjoy the happiness of be a president. Money only slightly associated with happiness In fact, when people have enough of money, the happiness people gain become less and less. It is majority people unexpected, but this is the fact that Western countries live for decades. Experts in the West confirmed a fact: â€Å"If you made a graph of American life since the end of World War II, every line concerning money and the things that money can buy would soar upward, a statistical monument to materialism. Inflation-adjusted income per American has almost tripled, such as per capita income, real income, lifetime, housing area, the per capita car number, the number of telephone calls each year, the number of trips per year, the highest degree IQ scores. No matter how you chart the trends in earning and spending, everything is up, up, up. But if you made a chart of American happiness since the end of World War II, the lines would be as flat as a marble tabletop. Almost everything is getting better, but people did not feel happier. Yale University political science professor Robert †¢ Portland found that if you charted the incidence of depression since 1950, the lines suggest a growing epidemic. Money jangles in our wallets and purses as never before, but we are basically no happier for it, and for many, more money leads to depression. Correlation between money and happiness- 0. 25 Many scholars have been extensive, large-scale sample survey concluded. Concluded that: money and happiness is not the way people think proportional, neither the happier the more wealthy people, the more money the less happy people. The relationship between them is minimal, with scholars jargon, the relationship between them is only â€Å"slightly positive. † The psychology of money, this book made a quantifiable figure on the relationship between money and happiness – † there have been a number of studies of this relationship, and they all come up with a correlation of about 0. 25 † This book use x-axis and y-axis, the mathematics way, visually describe the relationship between money and happiness: assuming that use y-axis draw the satisfaction of happiness, and use x-axis describe the amount of money. The intersection of two axes is the starting point of zero. And then make a mark on y-axis at 0. 25, which is limit value of the correlation between money and happiness. When people's incomes are low, the satisfaction of happiness is very low indeed. When people are without money, the satisfaction of happiness is almost close to zero. Once people just out of the poverty line, the curve which describe the relationship between money and happiness will rush up almost touch the 0. 25 line. And then quickly become a horizontal line at 0. 5 irrelevant with the x-axis. Even if the amount of money on the x-axis increasing in thousands, millions, or billions rate doubled, the relationship between money and happiness curve ignore it. The line will never exceed 0. 25. And the curve maybe fall to 0. 2, 0. 1 or lower level. In mathematics, this phenomenon is called â€Å"diminishing marginal effect. † Reasons for money and happiness curve diminished Through observation and study of happine ss, we can find that any happiness in the world has a premise which is desire. If people have no desire, people would not have happiness. So eager is only source of happiness. Desire is something people look forward, but do not get yet. So happiness is the pleasure when people are satisfied or say gets the thing which they look forwards. Furthermore, we can draw a conclusion, happiness (that is the source) is unrenewable. After we got a happiness, we can repeat to enjoy it, the desire will diminished, until disappear. This means people only have N times to enjoy the same type of happiness. For example, when people have learned how to ride bicycle, he will use it as much as possible, the happiness he get will increase. But when the time he ride bicycle reach to N, the happiness he get before will fall to zero. Because of happiness is non-renewable resources, so in the world of money and material, everyone has the limited resources of desire, and everyone has limited happiness to enjoy. For example, after we learned how to ride bicycle, and enjoy the happiness of ride bicycle, we will never enjoy it again. Along with our possession increase, our happiness will increase too. But the resources of happiness will diminish. It means the happiness we can enjoy will decrease. That is reasons for money and happiness curve diminished Conclusion They say money can't buy happiness, but it can facilitate it. —Malcolm Forbes Happiness is the desire for repetition. –Milan Kundera At the lower end of the income scale the better-off are happier; there is no effect from the middle of the scale onwards. And there has been no historical effect of increased national prosperity on happiness. There is evidence that people are happier of they think they are doing better than other people, or than they did themselves previously. Other sources of happiness are much more important, such as leisure, job satisfaction, social relations and personality. Money has very little effect on these, money people want to be rich or richer, and many take part in lotteries, no doubt in the belief that winning will make them happier. References

Character Analysis of Meredith Grey in Grey’s Anatomy Essay

Meredith Grey, M. D. is a fictional character from the medical drama television series Grey’s Anatomy, which airs on the American Broadcasting Company (ABC) in the United States. The character was created by series’ producer Shonda Rhimes, and is portrayed by actress Ellen Pompeo. Meredith is the series’ protagonist, and was introduced as a surgical intern at the fictional Seattle Grace Mercy West Hospital, eventually obtaining the position of resident, and later attending. As the daughter of world-renowned surgeon Ellis Grey, Meredith struggles with the everyday life of being an attending, maintaining the relationship with her one-night stand and eventual husband Derek Shepherd, her new-found motherhood, and the friendships with her colleagues. Meredith is the narrator of the show and serves as the focal point for most episodes. Pompeo’s connection with Patrick Dempsey (Derek Shepherd) is acclaimed as a high point of the series. Rhimes has characterized Meredith as not believing in good or bad, but doing what she thinks is right. Pompeo has been nominated for several awards, winning many of them, for her performance on the show. Grey has been positively received by television critics, with Alessandra Stanley of The New York Times referring to her as â€Å"the heroine of Grey’s Anatomy†. News of Pompeo leaving uprose when it was made clear that her contract ended after the eighth season. Speculation occurred again when Rhimes reported that Grey’s Anatomy will be returning for a ninth season. TVLine reported that Ellen Pompeo has signed on for two more years, along with her fellow cast members.

Science Terms and Definitions You Should Know

Science Terms and Definitions You Should Know Scientific experiments involve variables, controls, a hypothesis, and a host of other concepts and terms that may be confusing. This is a glossary of important science experiment terms and definitions. Glossary of Science Terms Central Limit Theorem: states that with a large enough sample, the sample mean will be normally distributed. A normally distributed sample mean is necessary to apply the t test, so if you are planning to perform a statistical analysis of experimental data, its important to have a sufficiently large sample. Conclusion: determination of whether the hypothesis should be accepted or rejected. Control Group: test subjects randomly assigned to not receive the experimental treatment. Control Variable: any variable that does not change during an experiment. Also known as constant variable Data:  (singular: datum) facts, numbers, or values obtained in an experiment. Dependent Variable: the variable that responds to the independent variable. The dependent variable is the one being measured in the experiment. Also known as the dependent measure, responding variable double-blind: neither the researcher nor the subject knows whether the subject is receiving the treatment or a placebo. Blinding helps reduce biased results. Empty Control Group: a type of control group which does not receive any treatment, including a placebo. Experimental Group: test subjects randomly assigned to receive the experimental treatment. Extraneous Variable: extra variables (not the independent, dependent, or control variable) that may influence an experiment, but are not accounted for or measured or are beyond control. Examples may include factors you consider unimportant at the time of  an experiment, such as the manufacturer of the glassware in a reaction or the color of paper used to make a paper airplane. Hypothesis: a prediction of whether the independent variable will have an effect on the dependent variable or a prediction of the nature of the effect.   Independence  or  Independently:  means one factor does not exert influence on another. For example, what one study participant does should not influence what another participant does. They make decisions independently. Independence is critical for a meaningful statistical analysis. Independent Random Assignment: randomly selecting whether a test subject will be in a treatment or control group. Independent Variable: the variable that is manipulated or changed by the researcher. Independent Variable Levels: refers to changing the independent variable from one value to another (e.g., different drug doses, different amounts of time). The different values are called levels. Inferential Statistics: applying statistics (math) to infer characteristics of a population based on a representative sample from the population. Internal Validity: an experiment is said to have internal validity if it can accurately determine whether the independent variable produces an effect. Mean: the average calculated by adding up all the scores and then dividing by the number of scores.   Null Hypothesis: the no difference or no effect hypothesis, which predicts the treatment will not have an effect on the subject. The null hypothesis is useful because it is easier to assess with a statistical analysis than other forms of a hypothesis. Null Results (Nonsignificant Results): results that do not disprove the null hypothesis. Null results dont prove the null hypothesis, because the results may have resulted from a lack of power. Some null results are type 2 errors. p 0.05: This is an indication of how often chance alone could account for the effect of the experimental treatment. A value p 0.05 means that 5 times out of a hundred, you could expect this difference between the two groups, purely by chance. Since the chance of the effect occurring by chance is so small, the researcher may conclude the experimental treatment did indeed have an effect. Note other p or probability values are possible. The 0.05 or 5% limit simply is a common benchmark of statistical significance. Placebo (Placebo Treatment):  a  fake treatment that should have no effect, outside of the power of suggestion. Example: In drug trials, test patients may be given a pill containing the drug or a placebo, which resembles the drug (pill, injection, liquid) but doesnt contain the active ingredient. Population: the entire group the researcher is studying. If the researcher cannot gather data from the population, studying large random samples taken from the population may be used to estimate how the population would respond. Power: the ability to observe differences or avoid making Type 2 errors. Random or Randomness: selected or performed without following any pattern or method. To avoid unintentional bias, researchers often use random number generators or flip coins  to make selections. (learn more) Results: the explanation or interpretation of experimental data. Statistical Significance: observation, based on the application of a statistical test, that a relationship probably is not due to pure chance. The probability is stated (e.g., p 0.05) and the results are said to be statistically significant. Simple Experiment: basic experiment designed to assess whether there are a cause and effect relationship or test a prediction. A fundamental simple experiment may have only one test subject, compared with a controlled experiment, which has at least two groups. Single-blind: when either the experimenter or subject is unaware whether the subject is getting the treatment or a placebo. Blinding the researcher helps prevent bias when the results are analyzed. Blinding the subject prevents the participant from having a biased reaction. T-test: common statistical data analysis applied to experimental data to test a hypothesis. The t-test computes the ratio between the difference between the group means and the standard error of the difference (a measure of the likelihood the group means could differ purely by chance). A rule of thumb is that the results are statistically significant if you observe a difference between the values that are three times larger than the standard error of the difference, but its best to look up the ratio required for significance on a t table. Type I Error (Type 1 error): occurs when you reject the null hypothesis, but it was actually true. If you perform the t-test and set p 0.05, there is less than a 5% chance you could make a Type I error by rejecting the hypothesis based on random fluctuations in the data. Type II Error (Type 2 error): occurs when you accept the null hypothesis, but it was actually false. The experimental conditions had an effect, but the researcher failed to find it statistically significant.

Essay about Financial Plan

Essay about Financial Plan Essay about Financial Plan Business Plan MR.BEAR Korean Barbeque (BBQ) Buffet Jinse, Zoe, Nicky, Nichole, Ying CONTENTS 1. Business Idea * Goods or services * Product, price, sizes, services, offers * Logo * Business name 2. Market * Market size * Market segment * Main competitors * 3. Research * Primary research * Secondary research 4. Legal Structure 5. Location 6. Human resource * Number of employees you plan to employ 7. Finance * Sources of finance(short and long term) 8. Costs * Start-up costs * Fixed and variable costs 9. Budget * Sales budget * Cost budget * Production budget 10. Financial forecast * Break even chart * Cash flow forecast 11. SWOT analysis 12. Appendix BUSINESS IDEA MR.BEAR is a Korean BBQ Buffet restaurant. We will provide many different types and parts of fresh meats (Beef, pork, chicken, lamb). It will be called the meat bar. Also, we will offer salad bar and even desserts. Our first restaurant will be located in Tottenham Court Road, London. MR.BEAR would be a medium restaurant like Pizza Hut and Nando’s which are normal restaurants for people as not too expensive compare to high restaurants like hotel meals therefore they are easy to come and enjoy our restaurant. Korean BBQ refers to the Korean method of grilling beef, pork, chicken, lamp or other types of meat. Such dishes are often prepared at the diner's table on gas or charcoal grills that are built into the table itself. Some Korean restaurants that do not have built-in grills provide portable stoves for diners to use at their tables. As we mentioned above, our restaurant will be operated as a buffet which is a system of serving meals in which food is placed in a public area where the diners generally serve themselves. We will provide fresh many different meats, vegetables, side dishes and desserts (fruits and ice creams). People can choose and eat every food that they want to try. Moreover, about drinks, not only soft drinks but we will also offer Korean traditional teas and Korean traditional alcoholic drinks (Soju and Makgeolli). [ If people pay certain amount money (It will be shown below), they could try all the food as much as you like. We will only charge costs for drinks. However, there is a time limit maximum two hours as some people could stay more than 3hours, and then our business would be failed. Pictures of meat bar How to enjoy our restaurant (grill) Step 1 Bring your food what you want from the food bars and put your meat like the picture below Step 2 When the meat is roasted well done one, then roast another part as well. Step 3 When the both side of meat are roasted, and then cut the meat. Step4 Menu | Weekdays | Weekends | Lunch | * Adult: Â £14.90 * Student: Â £11.90 * Children(5-11): Â £5 * Baby(0-4): Free | * Adult: Â £16.90 * Student: Â £13.90 * Children(5-11): Â £5 * Baby(0-4): Free | Dinner | * Adult: Â £17.90 * Student: Â £14.90 * Children(5-11): Â £7 * Baby(0-4): Free | * Adult: Â £19.90 * Student: Â £16.90 * Children(5-11): Â £7 * Baby(0-4): Free | Special side dishes * Korean cold noodle: Â £3 * Korean spicy noodle: Â £3 * Korean Miso soup: Â £3 * Korean Kimchee soup: Â £3 | Drinks * Soft drinks: Â £1.30 * Korean green tea: Â £2Beverages * Soju: Â £8.90 * Makgeolli(rice wine):

Cherchez la Femme - The Sexist French Expression

Cherchez la Femme - The Sexist French Expression Cherchez la femme is an expression that has somewhat shifted meaning between French and English. Literally, this expression translates as look for the woman. Cherchez la Femme (Not Churchy la Femme) English Meaning In English, this expression means the same problem as ever, kind of like go figure. Its often misspelled as Churchy la femme! - Im still hungry.- Cherchez la femme!   Cherchez la Femme French Meaning But its original meaning is much more sexist. The expression comes from the 1854 novel The Mohicans of Paris by Alexandre Dumas. Cherchez la femme, pardieu ! Cherchez la femme! The phrase is repeated several times in the novel. The French meaning is no matter what the problem may be, a woman is often the cause. Look for the mistress, the jealous wife, the angry lover... there is a woman at the root of each problem. - Je nai plus dargent. I no longer have money.- Cherchez la femme. Look for the woman - ie your wife must have spent it all. Beware French phrases that are commonly used by English  speakers, including voulez-vous coucher avec moi, ce soir, as they may be misused and offensive.

Finance Essay Example | Topics and Well Written Essays - 2250 words - 3

Finance - Essay Example There were already reports of rising default on subprime mortgages that further fuelled quickly thereafter. Such mortgages are usually given to borrowers with below average credit ratings which are mainly due to their higher average risk of evasion in loan repayment. The financial institutions often charge higher interest on subprime mortgages in order to compensate for the risk taken. Thus, as the banks began clear out more loans to home owners, the housing prices rose. The easy accessibility of credit in U.S. in addition to large foreign inflows led to the boom in construction and increased consumer spending that was mostly financed by debt. The falling prices of houses resulted in more homes less worthy than mortgaged loans which provided a financial incentive to financial institution to take possession of mortgaged property when the mortgagor failed redeem loans leading to financial crisis in banking sector (Brunnermeier, pp.78-81). 2- What would a commercial bank's balance sheet have looked like in 1973? What would an investment bank's balance sheet have looked like in 1973? Considering Bear Stearns in 2007, was it closer to a commercial bank or an investment bank? During the period of 1973, the commercial bank operations involved both issuing loans as well as taking deposits. The loans and deposits were shown in the lenders’ balance sheet. On the other hand the investment banking operations involved underwriting activities such as underwriting equity and debt. In addition to underwriting activities, the investment banking operations also included buying and selling of securities. The investment bankers would buy securities such as debt and equities from a syndicate bank and then sell such security to investors. Thus, the investment bank would act like a market maker and their functions were similar to that of a broker or a dealer. Historically, the financial companies could slot in both investment and the commercial banking activities. It was only after the Great Depression Era that the congress realized the intrinsic risk of underwriting securities and hence decided to separate the commercial banking activities from the investment banking activities. Such a step was taken to protect the depositors from the risk of defaulting from underwriting activities. The Congress issued Glass-Steagall Act to separately identify the commercial and investment banking activities of the banks. The distinction between the investment banks and commercial banks narrowed during the mid 80s. In the late 80s, Fed started removing the Glass-Steagall Act that restricted the interference of investment activities from commercial activities. This Act was ratified by the Congress in the year 1999 with passing of Gramm-Leach-Bliley Act. After the issue of this new act many investment and commercial banks were consolidated that resulted into renowned conglomerates like UBS group, Citi group, JP Morgan Chase, and so on. But other exclusive investment banks like Bear Sterns decided not to enter the commercial banking activities and take deposits. 3- Bear Stearns fell quickly. On March 10th, SEC Chairman Christopher Cox described Bear as being "well-capitalized". Do you agree with this assessment? Why or why not? Bear Sterns & Co. also known as Bear was the fifth-largest investment bank

Comparison between Confucius and Lao Tzu Research Paper

Comparison between Confucius and Lao Tzu - Research Paper Example The teachings associated with Confucius can be considered as concepts of human activities and they contain five fundamental messages. The initial message demonstrates two key components which are Zen and li. The concept of Zen points toward humanity and benevolence while li addresses rules and decorum. According to Confucius, li was the greatest manifestation of Zen despite the fact that Zen is attained through li. This means that the capability to abide by rules and decorum was the most favorable way to display respect and regard to the authority figure and the environment inhabited by individuals. The second message associated with the teachings states that an individual who is honest and decent should obey the authority and avails a set of morals for people in authority. These two mechanisms demonstrated the opinions held by Confucius concerning the framework of the state as well as the manner in which the community is organized socially. The third message carries Confuciusâ€℠¢ warning to human beings against possessing anything that will make their characters become extreme. Confucius perceives the center as being the most favorable position for an individual. The fourth message addresses issues of power and Confucius considers that it should be based on the ideology of justice. In essence, he blended the ideas of power and justice into one concrete formation. The final message argues that the human beings have to be completely involved and realistic to the religion they confess.

English Legal Methods Essay Example | Topics and Well Written Essays - 3000 words

English Legal Methods - Essay Example The most authoritative decision is the [1996] AC 563 as it is the House of Lord’s decision. The House of Lord is the highest court in England. The doctrine of judicial precedent states that the decisions of this court are binding on the lower courts. Question 3 [6 marks available in total] What were the facts giving rise to Mr R’s criminal trial and what was the outcome of that trial? Mr R had a relationship with the mother of four children. They gave birth to two children and the other two were from a previous marriage. The father was Mr H, and C was the eldest daughter, who alleged that in September 1993, Mr R had raped her continuously when she was between 7 and 8 years. This continued for over 5 years. Mr R was then charged with rape. He was tried in October 1994. The allegation involved four charges of rape. The main witness in this case was the daughter C. Mr R was consequently acquitted of the charges. Question 4 [6 marks available in total] At the hearing of thi s case at first instance what, in summary, were the two key conclusions the judge reached in respect of D1’s allegations against Mr R? The judge made the following conclusions. The first substantive issue was whether D1 was sexually abused. The judge averred that D1had proved, in her statement, the fact that there was abuse. Her story was consistent and factual. Mr. R had lied that he had never had an opportunity to be alone with any of the children, which was proved by D1 testimony. The judge felt that that D1’s allegations were true. He felt that the evidence presented by her and her statement in court was true. Mr. R had not rebutted these assertions by his evidence or his behavior in court. He felt that the allegations of abuse by D, which were true were based on presentation of evidence. He believed the evidence tendered by the girl was true. Her statement could also be reasonably suspected to be true Question 5 [4 marks available in total] Summarise the issues ce rtified for Their Lordships’ consideration in this case. The issues before the Lordships are three, and they are as follows. The first issue is the standard of proof, which is to be proved where an allegation has been made that a child will suffer significant harm under the second part of 31(2) (a) of the Children Act. The second issue is in relation to the requirement of proof of sexual abuse, which is the standard of proof being higher than the normal civil standard of balance of probability, but lower than the criminal standard of proof. There is a question as to whether the evidence needed to prove the charge needs to be based on the seriousness of the charge. This means that the more serious the charge, the more evidence one needs to prove their case as opposed to a question of proving on a balance of probability. The final issue is where an allegation is made that a considerable injury is likely to impact on the child. The question raised here is: should one prove the l ikelihood to suffer harm on a balance of probability or does the presence of a substantial risk suffice instead of a speculative future risk? Question 6 [8 marks available in total] Summarise the submissions made before Their Lordships on behalf of: (a) The Local Authority (3marks) (b) The Guardian Ad Litem (2 marks) (c) The parents (3 marks) Submissions made on behalf of the Local Authority. The counsel submitted that the question of law to be addressed was on the

Schizoaffective disorder Essay Example | Topics and Well Written Essays - 1500 words

Schizoaffective disorder - Essay Example For a full diagnosis of this disorder to be verified, there should be a period of at least two weeks where the patient displays psychosis without mood disorder, and these symptoms of psychosis should not be due to the use of medication or other substances. Schizoaffective disorder tends to affect an individual’s perception and emotions and this result in false perceptions as well as disordered thought processes, which include delusions, disorganized speech, and thought process. Due to this, it is very common for those affected by this disorder to have dysfunctions in both their social and occupational lives. The division into depressive and bipolar types of schizoaffective disorder depends on whether an individual has ever had manic, hypomanic or mixed episodes, and symptoms for this disorder normally occur in early adulthood, with symptoms rarely occurring before the age of thirteen (Diabetes Week, 2009). A person who has this disorder tends to experience extreme transformati ons in mood and has some of the psychotic symptoms, which are related to schizophrenia such as hallucinations. The psychotic symptoms are reflected when a person is unable to differentiate between what is real from what is imagined, and these symptoms tend to vary greatly from one person to another (Dodd, 2010). While the symptoms may be mild for in certain individuals, they can manifest themselves very severely in others. Some of the symptoms, which are displayed when one has schizoaffective disorder, are the following: depression, mania, and schizophrenia. Cases of depression in schizoaffective disorder are always accompanied by various characteristics such as the loss of appetite and this tends to result in the loss of weight. Furthermore, the individual’s sleeping patterns also change so that this individual my sleep a lot or very little, depending on their situation. Depression is always accompanied by excessive restlessness as well as a lack of energy in the body. The i ndividual experiences a lack of interest in those activities that he or she was very active in. there are times when an individual may have feelings of being worthless or hopeless and this can bring about guilt or self–blame. Depression may also bring about the inability to think coherently or to concentrate, and the individual may be tempted to resort to suicide as a result. Schizoaffective disorder is often accompanied by mania, which results in the increase in activity of the affected person, and these include work, social, and sexual activities. Mania also results in the increased talking of the individual due to the rapid and racing thoughts, which are common symptoms of mania. An individual feels very little need for sleep and may in fact prefer staying up late trying to do other activities. The individual might also be very agitated about nothing important in particular. Furthermore, there is a chance that mania might result in the individual having a very low self-est eem and this brings about very destructive behavior such as having unsafe sex, having spending sprees, as well as driving recklessly. Schizophrenia is one of the signs, which enable nurses to identify that a person does in fact, have schizoaffective disorder (Martin, 2007). One of the symptoms of schizophrenia is delusions; this is where an individual has very strange beliefs, which have no real basis in reality, and he or she holds on to these beliefs even when they are presented with facts to the contrary.

William Bradfords Relationship with the Indians Essay

William Bradfords Relationship with the Indians - Essay Example o would later come to the New World and interact with the Native Americans, the Pilgrim’s relationship with them was â€Å"largely peaceful, despite profound cultural misunderstandings† (â€Å"Plymouth Colony†). Bradford and his followers became friends with Native American leaders and established a policy of tolerance and trust between their cultures. Native Americans in the area had previously interacted with English traders and fisherman before Bradford’s arrival. Relations were not positive and 20 Indians were kidnapped by Thomas Hunt, who tried to sell them as slaves. In 1621, the Indian, Somoset, came to the Plymouth colony and began speaking with the Pilgrims; he had previously learned some of the English language from those earlier traders and fisherman. He returned a few days later with the famous Indian, Squanto, who was one of the Indians kidnapped by Thomas Hunt. Squanto and Somoset talked with Bradford and other Pilgrim leaders and arranged a meeting with their Chief, Massasoit. The Pilgrims then established a peace treaty with the Indians that, under the Governorship of Bradford, would last for over 50 years. Later in 1621, when Bradford became Governor of the Plymouth colony, he invited Massasoit to what would later become known as one of the most famous events in American history, called Thanksgiving ( "Plymouth Colony†). Before the plentiful harvest of that first Thanksgiving, Plymouth was struggling to survive. The Indians played a significant role in saving the colony from starvation. Because of his ability to speak fluent English and his willingness to help the Pilgrims, Squanto was revered by the people of the Plymouth colony. He taught the Pilgrims how to plant their corn, where to fish, and led them to places where they could more easily live off the land. In his History of Plymouth Plantation, Bradford explains his belief that the Indian, Squanto, was sent as an â€Å"instrument of God† to help them (95). Bradford was a devoted friend

Schizoaffective disorder Essay Example | Topics and Well Written Essays - 1500 words

Schizoaffective disorder - Essay Example For a full diagnosis of this disorder to be verified, there should be a period of at least two weeks where the patient displays psychosis without mood disorder, and these symptoms of psychosis should not be due to the use of medication or other substances. Schizoaffective disorder tends to affect an individual’s perception and emotions and this result in false perceptions as well as disordered thought processes, which include delusions, disorganized speech, and thought process. Due to this, it is very common for those affected by this disorder to have dysfunctions in both their social and occupational lives. The division into depressive and bipolar types of schizoaffective disorder depends on whether an individual has ever had manic, hypomanic or mixed episodes, and symptoms for this disorder normally occur in early adulthood, with symptoms rarely occurring before the age of thirteen (Diabetes Week, 2009). A person who has this disorder tends to experience extreme transformati ons in mood and has some of the psychotic symptoms, which are related to schizophrenia such as hallucinations. The psychotic symptoms are reflected when a person is unable to differentiate between what is real from what is imagined, and these symptoms tend to vary greatly from one person to another (Dodd, 2010). While the symptoms may be mild for in certain individuals, they can manifest themselves very severely in others. Some of the symptoms, which are displayed when one has schizoaffective disorder, are the following: depression, mania, and schizophrenia. Cases of depression in schizoaffective disorder are always accompanied by various characteristics such as the loss of appetite and this tends to result in the loss of weight. Furthermore, the individual’s sleeping patterns also change so that this individual my sleep a lot or very little, depending on their situation. Depression is always accompanied by excessive restlessness as well as a lack of energy in the body. The i ndividual experiences a lack of interest in those activities that he or she was very active in. there are times when an individual may have feelings of being worthless or hopeless and this can bring about guilt or self–blame. Depression may also bring about the inability to think coherently or to concentrate, and the individual may be tempted to resort to suicide as a result. Schizoaffective disorder is often accompanied by mania, which results in the increase in activity of the affected person, and these include work, social, and sexual activities. Mania also results in the increased talking of the individual due to the rapid and racing thoughts, which are common symptoms of mania. An individual feels very little need for sleep and may in fact prefer staying up late trying to do other activities. The individual might also be very agitated about nothing important in particular. Furthermore, there is a chance that mania might result in the individual having a very low self-est eem and this brings about very destructive behavior such as having unsafe sex, having spending sprees, as well as driving recklessly. Schizophrenia is one of the signs, which enable nurses to identify that a person does in fact, have schizoaffective disorder (Martin, 2007). One of the symptoms of schizophrenia is delusions; this is where an individual has very strange beliefs, which have no real basis in reality, and he or she holds on to these beliefs even when they are presented with facts to the contrary.

Read the Inland Bank AND the Cisco cases and identify the Essay

Read the Inland Bank AND the Cisco cases and identify the stakeholders. Analyze each case separately (write 2 separate one page) - Essay Example erest is being entrusted with a regular paycheck as a reward for her efforts and without ongoing efficiency and profitability at the bank, Amy would not be able to sustain a quality lifestyle. Regular, low-level employees of the bank are also stakeholders of the firm. With closures, they are out of jobs. This impacts lifestyle and the local economy (to a moderate degree). Neighborhood citizens additionally, are stakeholders for Inland National. With positive business operations in the community, it promotes taxation and resource allocation benefits to the city government that can be used for urban development projects. If the bank in the region is to be closed, it can cut off these revenues and cause even further collapse of the neighborhood infrastructure. The case is about the long-term impact of business decision-making on internal and external stakeholders. As the business attempts to secure its own interests, it has a trickle down affect on the neighborhood and employees, thus anyone who conducts business with the bank, works at the bank or relies on economic benefits of bank operations have real concerns. The 20,000 employees that would be working at the huge industrial complex owned by Cisco are primary stakeholders. Cisco’s successes and ability to create local business environments would be advantageous for locally-recruited employees and ensure they have a quality lifestyle provided by continued company profitability and competitive advantages. As primary stakeholders, it would be highly beneficial for the company to stay financially lucrative to avoid being outperformed by rival companies. Local citizens in the region are also stakeholders. They were concerned that this new development, without provision for employee housing, would drive up costs of accommodations in the city and cause problems with roadway congestion by dramatically increasing the local population with recruited employee populations. Their main interest was ensuring that local

Operant Conditioning Experiment Essay Example for Free

Operant Conditioning Experiment Essay I chose to involve the 1-year and a couple of months old son of my good friend and neighbor (named Judith) for my Operant Conditioning Experiment. Shawn, as we fondly call the toddler, happens to be extraordinarily shy. He would rather stay around the presence of his mom or dad than enjoy playing with other kids. He shuns most, if not all occasions of interaction with other fellows. I, for my part, have tried to â€Å"sneak† him away from his parents (with their permission, of course), to no avail. Instances in the Experiment I set for myself a modest goal – i. e. , to be able to make Shawn a little more comfortable with the company of someone other than his parents for at least 5 minutes. What I did was to spend some time, about an hour, in my friend’s home after school. I asked my friend to bring Shawn to the living room area, where we would chat while sitting on the couch. In the process, I would give Shawn some cookies (oat meal cookies are his favorite) on the condition that he would sit by my lap. The first day was a complete mess. Judith brought with her Shawn to the living room, but ended up catering to his tantrums. He appeared restless that time. The second day was the formal start of the experiment. Shawn sat near her mom by the couch. I handed him over an oatmeal cookie but he won’t accept. He only got it when Judith convinced him to do so. Come third day, we did the same routine again. I offered Shawn an oatmeal cookie and pulled it back again and again just as he was about to get it. The concept was that I needed to ask him to sit nearer my place before I would give in letting him have the cookie. Still, the experiment proved unsuccessful. I got almost the same results on the fourth day of my experiment. But I was feeling happy that Shawn’s uneasiness with my presence appears to be waning. The fifth day however, I saw a significant development. When I asked him to sit beside me while offering the cookie, Shawn got up to get the cookie from where I was, and sat for a few seconds. He then got up again, holding his cookie, and got back to his mother’s place in the couch. Evaluation of the Experiment Firstly, I must say that I did not meet the goal of my experiment, i. e. , to make Shawn enjoy my company even for 5 minutes. While I got Shawn to become a little less uneasy with my presence, and in fact got him to get his cookie and sit beside me for a few seconds, the fact that I was not able to make him stay with me at least for 5 minutes renders the experiment only as a relative success. Looking back, I have three realizations to make in relation to the experiment. First, I may have set a goal which is too much for Shawn to handle. Second, the experiment duration of 5 days may be too short for someone as timid and shy as Shawn. Third, I realized that Operant Conditioning may entail exploring other motivations to elicit behavioral change. If only I have explored offering him other enjoyable stuff like toys, I may have gotten better results from my experiment. Had I used more appealing reinforcers to help my experiment, I believe that my experiment would have generated better and more successful outcomes.

Fiduciary Duties

Fiduciary Duties 1.0 Introduction Fiduciary duty refers to a legal duty for an individual to act on behalf of another particular in order to make a relationship of confidence and trust (Davies, 2007). It consists of the set of moral value such as trust, honesty and confidence; fiduciary duty can be obviously seen in the relationship between the shareholders and the board of directors as the BOD are managing the company’s affairs on behalf of the shareholders. However, there is no legal duty between the relationship of individual shareholders and board of directors. Individual shareholders are unable to against the board of directors if the BOD causes any damage unless the company give permission to sue them on behalf of shareholders as BOD and shareholders are separate legal entity. Fiduciary duty is a common law however due to some unethically act of directors, government codified the directors’ duties under section 171 to 177 of Companies Act 2006 so that directors will act in good faith and best inte rest of the company. As these duties had been legalized under Companies Act 2006, the board of directors of every company are binding to these duties as the role of directors. Example of the role of directors are acting within the powers, promoting the success of the company, exercising independent judgement, exercising reasonable care, skill and diligence, avoiding conflict and declaring interest in proposed transactions or arrangement (Davies, 2007). It is very crucial for the BOD to abide the duties as they are managing the company’s affairs. 2.0 Duty to act within powers (Section 171 of Companies Act 2006) In this section directors are required to exercise their power in the company’s constitution. Besides, they are not allows to use their power for any improper purposes such as issue shares for purpose of creating new majority within the company to gain control even though directors honestly believe their act is in the best interest of company; directors can only use their power for purposes which they were conferred or given. It is stated clearly in Section 171 of Companies Act 2006: â€Å"(a) directors are required to act in accordance with the company’s constitution (b) exercise power for purposes for which they are conferred†. This principle implemented in Hogg v Cramphorn in UK. In this case, Colonel Cramphorn has abused his powers by issuing shares to stop Baxter from taking over the company. He also convinced other directors to vote against the takeover by issuing share capital. Although he believes that this action was the bona fide for the company’s interest, this case was held as breach of directors’ duties due to exercise power for an improper motive and it is considered as ultra vires (Mantysaari, 2005). However, this principle does not consider as a breach of duty in Teck Corporation Ltd v Millar in Canada. This is because directors have to consider the reputation, experience and policies of people who are willing to take over the company before the new shares issued. Besides, they are also allowed to use their powers to protect the company if the takeover may cause significant damage to the interest of company (Kershaw, 2012). 2.1Duty to Promote the Success of the Company (Section 172 of Companies Act 2006) Under this statutory, directors are obligated to this duty to act in good faith and act in the way that they consider to enhance the development of the company and get benefits for all members in the company. Moreover, in this section government also requires directors to take account of six factors in the decision making process. Consequently, Section 172 of CA 2006 provides that: â€Å"(1)A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to— (a)the likely consequences of any decision in the long term, (b)the interests of the companys employees, (c)the need to foster the companys business relationships with suppliers, customers and others, (d)the impact of the companys operations on the community and the environment, (e)the desirability of the company maintaining a reputation for high standards of business conduct, and (f)the need to act fairly as between members of the company.† The term â€Å"have regard† in section 172(1) indicates that government leave the decisions of how they implement the individual factors to directors. Furthermore, it is also no requirement for directors to give precedence of any factors; as directors take account of any listed factors or any relevant factors in the decision making process they are considered already fulfilled their duties in this section. The case law in this statutory concerned about the directors should exercise in best interest of the company rather than the principle of promoting the success of the company directly. For example the case of Hogg v Cramphorn, in order to take over the company, directors abused their power by issuing shares to create new majority within the company (Mantysaari, 2005). Under this section, directors must use their powers for intended purposes not collateral purposes and always act in the best interest of company. 2.2 Duty Not to Accept Benefits from Third Parties (Section 176 of Companies Act 2006) The principle of this duty is stated clearly in the statutory. The benefits that accepted from third parties[1] by the directors are considered as breach of directors reason being provided in s.176(1) is because of theirs’ position or directors may do or not do as a director. This statutory also states that directors can only accept the benefits that paid by someone’s services as a director or otherwise to the company and benefits that will not affect the conflict of interest. Section 176 of the Companies Act 2006 provides that: â€Å"(1)A director of a company must not accept a benefit from a third party conferred by reason of— (a)his being a director, or (b)his doing (or not doing) anything as director. (2)A â€Å"third party† means a person other than the company, an associated body corporate or a person acting on behalf of the company or an associated body corporate. (3)Benefits received by a director from a person by whom his services (as a director or otherwise) are provided to the company are not regarded as conferred by a third party. (4)This duty is not infringed if the acceptance of the benefit cannot reasonably be regarded as likely to give rise to a conflict of interest. (5)Any reference in this section to a conflict of interest includes a conflict of interest and duty and a conflict of duties.† One of the examples that breach the duty not to accept benefits from third parties is Tesco Stores v Pook. In this case, Mr Pook, the senior employee, fabricated false invoices about  £500,000 and accepted a bribe of total  £323,749 from third parties. He also denied that the payment is not a bribe but it is a start up loan for his business. However, Judge Peter Smith held that the money is a bribe as the means of false invoices and fraudulent value added tax had documented by the payers. Judge Peter Smith held that the bribe will be accounted on constructive trust based on the case of Attorney-General for Hong Kong v Reid[2] (Fisher, 2003). 2.3 Duty to Exercise Reasonable Care, Skill and Diligence (Section 174 of Companies Act 2006) Generally, this duty was a common law duty which required directors to act with reasonable care, and skill; yet, government codified it under section 174 of Companies Act 2006 by imposing the objective and subjective of standards of care to directors. Directors are obligated to act reasonable care, skill and diligence which indicated by the term of â€Å"must† under s.174(1). â€Å"(1)A director of a company must exercise reasonable care, skill and diligence.† Also, directors are required to follow the subjective and objective standards of care that states in section 174(2) in order to fulfil the standard of competence given. Section 174(2) of Companies Act 2006 provides that: (2)This means the care, skill and diligence that would be exercised by a reasonably diligent person with— (a)the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company, and (b)the general knowledge, skill and experience that the director has. Under this section, directors are not liable if the negligence found to be honest ought to be excused. It can be seen in the case of Re City Equitable Insurance Co Ltd that held by Romer J where the chairman of the company, Mr Bevan had committed fraud which caused the company loss of  £1,200,000 in the investments. Romer J held that even other directors and auditors involved in this case due to negligence as overlooked the fraud and signed a blank cheque for Bevan, they were honest and still acting in the degree of both still and diligence. Therefore, they’re not suspicious and not liable (Chan, 2009). 3.0 Conclusion In conclusion, there is no effective control on the board of directors even there is statutes as the relationship between board of directors and shareholders are based on fiduciary duty (trust) not legal duty. Therefore, there is no direct remedy for shareholders to against the board of directors as the board of directors only represented shareholders fiduciary. If board of directors had breached their duties, individual shareholders are not allowed to sue the board of directors because shareholders and the board of directors are two separate entities. Besides, when the board of directors breach their duties, the â€Å"victim† is the company not the shareholders. Hence, only the company can sue the board of directors only if the board of directors agrees to sue. Individual shareholders can only against the board of directors if the company accept or individual shareholders are able to raise the issue of minority protection. However, there are remedies to against the board of d irectors due to breach of director duties. The company allows to against the directors who make a mistake at their duties that causes loss in the company. Additionally, directors who make a mistake at their duties can be asked for compensation by the company due to their negligence. Moreover, company can also void the contract that director has an undisclosed interest (Davies, 2007). Parmalat Scandal (2003) Parmalat is an international corporate that produces dairy products which based in Italy. As this company is owned by family members, it causes the lack of transparency of the company which may not only harm the company but also the shareholders. This had led to the scandal of breach of director duties on financial fraud and money laundering in year 2003 by the senior executives of the company and causes 15,000 employees loss their jobs. In December 2003, Parmalat declared bankrupt as the company has a huge debt about â‚ ¬14 billion excluding the â‚ ¬4 billion hole in the company’s accounts due to financial fraud and money laundering (Chalkidou, 2011). This scandal also known as â€Å"brazen fraud†; it was started in mid-November where auditors and banks look into Parmalat’s accounts when the company defaulted on a bond payment which cost â‚ ¬185 million. They realized that one of bank accounts in Cayman Island which holding â‚ ¬4 billion did not exis t (Chalkidou, 2011). The company also fake the statement of financial position by overstated the assets in order to hide the liabilities of â‚ ¬16.2 billion over a fifteen-year period. Moreover, Parmalats CEO also embezzled about â‚ ¬620 million to cover losses of other family-owned corporate (Chalkidou, 2011). There are about 20 individuals that involved in this scandal were sentence in jail included Calisto Tanzi, the founder and Chief Executive Officer of Parmalat and Fausto Tonna, the Chief Financial Officer of company (Tanner, 2010). Both of them where sentence in jail for 18 years and 14 years respectively; whereas, Giovanni Tanzi, Calisto’s brother where sentence 10 years in jail. Other former directors were also sentence in jail for less than 10 years. [1] Third parties refer to company or individual who acting on behalf of an associated body corporation. [2] In the case of Attorney-General for Hong Kong v Reid, it is held that the bribes should consider as constructive trust so that fiduciaries will not have gain any benefits from their illegal behaviour.

Use of Imagery in Jean Toomers Cane Essay -- Toomer Cane Essays

Use of Imagery in Jean Toomer's Cane Dusk. It is that darker side of twilight when the sun has just set, but the moon has yet to take full charge. It is a time of mergings, of vagueness and ambiguity, when an end and a beginning change places. The sun steps aside and lets the moon and stars take over for a while. As the most pervasive image in the first section of Jean Toomer's Cane, it is the time of day when "[t]he sky, lazily disdaining to pursue/The setting sun, too indolent to hold/ A lengthened tournament for flashing gold,/Passively darkens" ("Georgia Dusk," 15). It is also a reflection of the souls of the characters, like Karintha, "perfect as dusk when the sun goes down" (3). Dusk and its smoky, dreamlike derivatives form the connective imagery joining light and dark, day and night, black and white. It is the kind of imagery that most closely articulates what George Hutchinson called Toomer's dream of a new "American" race in his essay "Jean Toomer and American Racial Discourse" (227). He says, "To omer's vision of a coming merging of the races makes perfect sense within the framework of the first section of Cane: the dystopia of the contemporary South implies a corresponding utopia" (234). While Hutchinson's theories rely heavily upon miscegenation and Toomer's use of racially mixed characters, the more compelling evidence seems to lie in the murkiness of both the mystic-like atmosphere of rural Georgia and the half created characterizations of its people. Through his distinctly modern use of imagery, Toomer creates a new iconography that defines a vision of the future where colors merge and race is no longer the harbinger of identity. To call Toomer's agenda and use of imagery modern implies ... ...on, George. "Jean Toomer and American Racial Discourse." Texas Studies in Literature and Language. 35, 2 (Summer 1993). 226-245. Reuben, Paul P. "'Chapter 9: Harlem Renaissance - Jean Toomer.' PAL: Perspectives in American Literature - A Research Guide. URL" http://www.csustan.edu/english/reuben/pal/chap9/toomer.html Toomer, Jean. Cane. New York: Norton, 1988. Toomer, Jean. Selected Essays and Literary Criticism. ed. Robert Jones. Knoxville: UT Press, 1996. Whyde, Janet. "Mediating Forms: Narrating the Body in Jean Toomer's Cane." Southern Literary Journal. 26, 1 (Fall 1993). 42-52. Williams, Scott. "A Jean Toomer Page" http://members.aol.com/bonvibre/toomer0.html Yeats, William Butler. "Into the Twilight." The Norton Anthology of Modern Poetry. eds. Richard Ellman and Robert O'Clair. New York: Norton & Company, 1988.

Has television destroyed communication among friends and family? Essay

Television is undoubtedly one of the most powerful means of communication in the history of humankind, rivaled only by such other forms of communication as the Internet, the telephone, movies, and, of course, simple, low-tech speech. Television, with its wide availability and rich media with image and sound, is difficult to ignore and even seductive in its appeal. Television is as much a part of our lives as are our meals, work, or school; studies consistently show that the average American child spends almost as much time watching television as she does in school. Furthermore, because television is so rich in its media, it often requires our full attention or is more attraction to us than are our daily lives. Naturally, the more time one spends watching television, the less time she has with her family and friends. Thus, we can clearly see why some have claimed that television has been harmful for communication among family and friends. However, I believe that, while television has been somewhat harmful in its effects, it has hardly â€Å"destroyed† communication among family and friends for most people, although for some, this may be true. Most people much prefer spending time with their families and friends to spending time watching television. Television is of course an important part of many people’s lives, but most people would gladly choose family and friends over television were they given the choice. Furthermore, most educated people are aware of the deleterious effects of too much television and either avoid excessive time watching television, or actually do not enjoy it. I, for example, after a long day at work, would much rather spend time talking with my wife and playing with my children than I would watching some unrealistic portrayal of life on television. For me and my family, our time together is precious and beautiful, and could never be replaced or hurt by television. Furthermore, the effect of television is simply not so great that it could be said to have â€Å"destroyed† communication among family and friends. Granting that communication among family and friends in industrialized count ries has decreased in recent years, it might be tempting to blame this problem on television since its rise roughly coincided with the decrease in time we spend with our families. However, I believe this situation is more likely due to increased pressures relating from work, school, and the economy. In my case, for example, I find that my pressures from work are so great that I must often sacrifice time at home so that I can meet the challenges of  running my own business. Many of my friends are in similar situations–my best friend, for example, has just finished law school, which took about sixty hours a week of his time. In a word, people nowadays have very little time for anything, but television is not the cause–it is increased desire to succeed. In some situations, however, television has surely contributed to a decrease in communication among family members. In my childhood in the countryside, I often saw parents and children watching television for hours on end, rarely speaking with one another. It seemed for them that television was a way to escape from their sad, miserable existence. However, even in this case, I would say that television merely contributed to the bad situation, but did not cause it; were television not existent, surely these people would have found other escapes, alcohol or gambling, for example. In other words, people always find a way to do what they want to do. In short, I do not believe that television has d estroyed or even harmed interpersonal communication among most people. Most people realize that television is merely a temporary diversion and do not use it to replace interpersonal communication. I believe that the damage attributed to television is greatly exaggerated and that such damage is most likely attributable to other more powerful social factors.

Freudian Theory in “Lord of the Flies” Essay

â€Å"The Lord of the Flies† by William Golding is a social experiment with a twist. It is executed by isolating young boys on a deserted island. They arrive on the island because their airplane was shot down while they were trying to escape a bombing in England. The boys are young so they have not been completely molded by society; therefore they have room to deviate quickly. The isolation removes the blinders of civilization and the true identity of the boys and human nature is revealed. If the reader uses a Freudian approach to reading the novel one will find that Golding’s characters and conflicts follow Freud’s theories of the id, ego, and superego, thus making them more understandable. Studying the Freudian theory allows one to see Jack as the id, Ralph as the ego, Piggy and Simon as the superego, and why they clash. The famous psychologist Sigmund Freud developed a theory that uses people’s personality traits to classify them into three different categories of id, ego, and superego. Although every person contains all three of the forces, one can dominates. â€Å"For Freud, we are simply actors in the drama of our minds, pushed by desire, pulled by conscience† (Understanding the Id, Ego, and Superego in Psychology). This theory allows one to realize that people tend to exhibit behaviors of their category. The id is the primal force of desires and needs. Impulse is controlled by the id. It can be compared to the devil on the shoulder of cartoon characters, and Mr. Hyde. Some people do not keep the id in check so it dominates their personality. Signs of the id are forceful speech, physical expression, and emotional outbursts. Read more:  Ralph quotes lord of the flies essay The ego is the mediator between the id, the superego, and the external world. Ego is the negotiator between desires and morals. Negotiations with the id help it get what it wants without causing too much damage. It also tries to harness the power of the id to achieve things by regulating it. People that have ego personalities want to please everyone; they tell people what they want to hear. The superego is the moral judge and conscience. â€Å"While the ego negotiates with the id, trying to prevent another tantrum, the superego judges the performance† (Understanding the Id, Ego, and Superego in Psychology). Usually the superego’s morals and standards come from figures of authority or society. Most importantly the superego is not affected by impulse or others. Each of the characters in Lord of the Flies each embodies  a certain force which is why they can not work with each other. Jack is a boy who gets angry quickly, acts on his desires, has emotional outbursts, and enjoys hunting and killing, he obviously embodies the id. These traits are a result of the id not being kept in check inside of ones self. Blushing is a sign of Jack’s anger, which happens every time his pride is wounded; â€Å"Jack’s face disappeared under a blush of mortification† (Golding 23). Jack becomes angry so often because he does not censor his emotions. He always does whatever he feels like. The main things that Jack likes to do are hunt and kill. He is driven to do it and his â€Å"compulsion to track down and kill that was swallowing him up† (47). This is very primal and the desire to kill shows his lack of conscience. Since he becomes obsessed with hunting he also has a bloodlust. Sometimes Jack burst out in emotion some times happiness; â€Å"He [Jack] began to dance and his laughter became a bloodthirsty snarling† (Golding 58), and sometimes anger; â€Å"I’m going up the mountain. The words came from Jack viciously, as thought they were a curse† (Golding 119). Jack bursts out because he wants to make it known that he will do whatever he wants, and no one will get in his way. The biggest conflict caused by Jack clashing with the other forces is his separation from the tribe and the creation of his own faction. Jack cannot coexist with the other boys because of his id state. He does not want to be governed so he leaves; â€Å"I’m not going to be part of Ralph’s lot─ I’m going off by myself† (Golding 127). He leaves because his id was under constant scrutiny by the ego and superego of the tribe, so he acted on an impulse. This causes conflict because he takes almost all of the boys with him. Later the same boys kill Simon and Piggy, and hunt down Ralph. Although the id can be beneficial, without the checks from the other forces nothing productive or any long term good can come from it. Ralph is the islands leader he seeks the approval of every one, he is highly influenced by the superegos, he is the only one who can reason with the id, and he can use the id to his advantage, therefore he can be classified as the ego. The ego is the only mediator between id and superego. Ralph strives for the approval of the other boys. He says things that will make them look up to him; â€Å"He’s [Ralph’s father] a commander in the navy. When he gets leave he’ll come and rescue us† (Golding 13). He says things like this because he thinks if he does the boys will like him more. Some things that Ralph wants to do come from the suggestions of the superego; â€Å"The first thing we ought to have made was shelters down there by the beach† (Golding 45). This influence from the superego becomes Ralph’s goal. This happens because he is ego; the id would not heed the suggestions of the superego. Ralph is the only one who can negotiate with Jack, who is the id. When Jack does not become chief, Ralph negotiates and gives him the consolation of having an army of hunters; â€Å"The choir belongs to you of course. They can be an army─ Or hunters─ They could be† (Golding 23). He is able to make sure that the id does not go wild or revolt by offering it other choices. Ralph uses Jack to help him keep a fire; â€Å"We’ve got to have special people for looking after the fire. Any day there could be a ship out there.† â€Å"Ralph I’ll split up the choir my hunters, that is into groups, and we’ll be responsible for keeping the fire going† (Golding 43). Ralph is using the ego’s influence on the id to accomplish a goal. The gradual breakdown of the tribal assemblies is caused by Ralph being the ego. He is not assertive enough as a leader an d is overly concerned with the influence of the superego. He is also worried about what people think of him and if he is making them happy. The ego kept order on the island longer than it would have lasted if it was not present. Simon and Piggy are the only boys that bring morals and the values of society to the island, they act as the superegos. Piggy often reminds the boys of the grownups and the rules of where they came from; â€Å"What’s grownups going to think?† (Golding 84). He does this because his superego cannot stand rules being broken. He constantly reproaches their behavior and tries to invoke rules. Simon displays more of a moral value; â€Å"Then, amid the roar of bees in the afternoon sunlight, Simon found for [the littluns] the fruit they could not reach†¦[and] passed them back down to the endless, outstretched hands.† (Golding 51). He does what is thought of as good and right. He is superego but not in the way piggy is. Piggy’s superego conveys rules, Simon’s conveys morals. Piggy and Simon are both killed because they are superego. The id cannot tolerate the blocks of value set up by superego, so it seeks to destroy them. With the superegos out of the way the id has  more freedom to do what it pleases. The superego is vital for a functioning human or society, without it a breakdown will quickly begin to transpire. Golding’s characters clearly represent Freudian forces. Since each is a different force many conflicts arise. The conflicts would not necessarily have happened if the characters were not set into specific roles. This all makes sense because of the Freudian theory. Golding’s novel demonstrates that in order for civilization or a human to prosper there must be a balance of the Freudian forces. The island lacks a balance of desires, rules, and the pleasing others, which are an essential part of the functioning mind or society, thus the island breaks down. Works Cited: Golding, William. Lord of the Flies. New York: Berkley Publishing Group, 1954 â€Å"Understanding the Id, Ego, and Superego in Psychology†. Dummies. Wiley Publishing, Inc. 5 Nov. 2005 â€Å"Ego, superego, and id†. Wikipedia. 5 Nov. 2005. Ayres, Robert. â€Å"Lord of the Flies Lecture†. Epic333. 5 Nov. 2005.

Pros and Cons of Social Studies Teaching

Characteristics of Short Stories [pic][pic] References Alphonse, M. , (2011). Naturalism in Literature. Retrieved November 20, 2012 from http://www. buzzle. com/articles/naturalism-in-literature. htmlom. Vaux, R. (2012). What Are the Basic Characteristics of Realism. Retrieved November 20, 2012 from http://www. ehow. com/facts_5714410_basic-characteristics-realism_. html. [pic] ———————– Dramatic Structure Exposition: Introduction to setting, situation, and main characters. Complication An event that introduces the conflict.Rising Action Crisis: Crucial moment for the protagonist to commit to a course of action. Climax The highest interest of conflict, the most action. Resolution The point when the conflict is resolved. Naturalism Realism Pessimism: When a character tends to repeat a phrase by having a pessimistic outlook, this sometimes emphasizes the inevitability or quality of death, or the end (Alphonse, 2011). Detachment: Th e author tries to maintain an objective tone by achieving a detachment or change through nameless characters.This focuses mainly on the plot and character rather than focusing on the character only (Alphonse, 2011). Determinism: The notion that individual characters have a direct choice on their lives is replaced by a focus on fate or nature; this is the opposite of the belief of free will. The author makes the reader believe that the fate of the character has already been predetermined by certain factors, especially environmental factors and he can do nothing to change it (Alphonse, 2011).Twist at the end: There is an overwhelming sense in the naturalist stories and novels that nature is not affected by human struggle. The key themes, survival, determinism, violence, and taboo, have been ideally portrayed in all the works of this literature genre (Alphonse, 2011). Accuracy: Realism strives for total accuracy in the depiction of its subjects. Devoid of any unnecessary dramatics or a rtistic affectation. Realistic works refrain from undue embellishment, and strive for a natural tone (Vaux, 2012). Read more: What Are the Basic Characteristics of Realism? eHow. com http://www. ehow. com/facts_5714410_basic-characteristics-realism_. html#ixzz2CmwKmoVv Honesty: Realism seeks the depiction of honesty. Avoid hiding things behind distortions or opinions. Unpleasant facts or images are presented as they are, as are plain or unassuming details about the content (Vaux, 2012). Independence: Philosophical realism stresses the independence of objects from the reader. The author gives a life and an existence separate from anything else, which will continue regardless of anyone's opinions the matter (Vaux, 2012).Ordinariness: The subjects of realistic works are defined not by their exceptional nature, but by how ordinary they seem. This allows ordinary to have a voice (Vaux, 2012). Difficulties: Realistic protagonists are often beset by great forces beyond their control or the natural world. Through indifference of a larger society, and in many cases they do not find triumph in their struggle. Unhappy endings are not always the norm in realistic stories, but they are fairly common. Happy endings often involve compromise and larger than life victories (Vaux, 2012).

SFAS 154 - Accounting Changes and Error Corrections Assignment

SFAS 154 - Accounting Changes and Error Corrections - Assignment Example At times, it also happens that a change in the accounting policy or principle affects the consolidated financial statements of the group as well. So, SFAS 154 aims to highlight all of the above discussed issues in details and provide appropriate guidance as how to incorporate the effects of all those changes in the financial statements of the reporting entity. This article is structured in such a manner that first section describes the overview of SFAS 154 which includes the objective of its issuance as well as the scope of this standard. Next section focuses on recognition, measurement and disclosure requirements of SAFS 154. Third section highlights the comparison of SFAS 154 of FASB with IAS 8 of IASB i.e. a comparison between US GAAP and IFRS in respect of these two standards. An illustrated example is also provided after the comparison of the standards which is then followed by a conclusion which summarizes the whole article. Overview of SFAS 154 Objective Mainly the objective o f FASB to issue this standard is to bring more convergence with IASB towards the preparation, development and furnishing the financial statement as a high quality single set across the world (Deloitte, 2008). As IASB has issued IAS 8 on similar footings, therefore it is the intension of both accounting standard boards to bring more harmonized financial statements in most of the areas of accounting. ... The section â€Å"Accounting Changes† is further divided into three areas which are â€Å"Changes in Accounting Principle†, â€Å"Changes in Accounting Estimates† and lastly, â€Å"Changes in the Reporting Entity† (Financial Accounting Standard Board, 2009). Scope The scope of this standard covers three areas which are listed below (Financial Accounting Standard Board, 2009): 1. SFAS 154 is applicable for both profit making business organizations as well as not-for-profit organizations. In this standard both these kinds of organizations are referred to as â€Å"entities†. 2. Another application of SFAS 154 can be possible in case of summarized financial information which are primarily based upon the financial statements such that accounting changes are reflected in the accounting period in which those changes have arisen. 3. SFAS 154 also encompasses the other forms of financial statements which are prepared for some special purposes. Measurement, R ecognition and Disclosure Changes in Accounting Principles SFAS 154 provides specific guidelines to incorporate a change in the accounting principle. A change in the accounting principle is the change that has been made by FASB by making amendment, addition or deletion in the existing accounting standards issued by FASB (Financial Accounting Standard Board, 2009). FASB requires the entities to bring the effects of the changes in accounting principle retrospectively such that all of the previously issued financial statements need to be modified as a result of change in accounting principles (Deloitte, 2008). SFAS 154 also guides the entities in the situations where it is not practicable for the entities to bring the effects of the

Sports Economic Essay Example | Topics and Well Written Essays - 1250 words

Sports Economic - Essay Example Therefore, Commission of AFL established a research board in 1999, in order to establish a body for administering the selection of priorities concerning research and allocation of resources (Booth, 2006). Projects began in 2000 contributing to Australian football becoming a strange paradox due to the game played exclusively in one continent and has transcended cultural barriers and ethnic divides through integration of communities (Australian Football League (AFL), 2012). In fact, the paper will focus on exploring issues related to Australian Football League (AFL). League behavior The players in AFL are expected to behave like sportsmen, whereby upholding their standards of professional conduct and avoid compromising the integrity and dignity of AFL football, clubs, AFLPA and players. In addition, during matches and training sessions the player are also expected to behave in the similar manner, which is in accordance to the Clause 2.1 of the Code (Borland & McDonald, 2004). However, in situations where there are findings by the AFL Tribunal related to misconduct against a player, they are parties involved are dealt with in accordance with the AFL rules. AFL policies One of the most commonly known policies is AFL Anti-Doping Code, which is varied according to the law 21.2 that apply to the payers participating in these games, in a situation where the Controlling Body has not adopted their own code or policy. Nevertheless, the policy that has been adopted by any Controlling Body has to be approved by the Australian Sports Anti-Doping Authority (ASADA) (AFL, 2012). Moreover, the Controlling Body has no obligation to perform testing of players unless directed by AFL, and they should not appoint third parties to undertake these testing procedures. The other policy stipulates that a player, who has been directed to leave the playing surface, should only be replaced by a player whose name is on Team Sheet. The other policy states that a replacement player should enter the playing surface at the same time when the player is leaving the playing surface, and if the replacement player fails to enter the playing surface before the other player has left, the Umpire should restart play. The other policy indicates that player are not allowed to wear any form of jewelers, boot studs, cletes or any protective equipment that is not approved by the Controlling Body. However, there are situations where the field Umpire is convinced that the item does not subject players in any form of risk related to injury. AFL Winning Percentage Team Win% Year Collingwood 100 1929 Geelong 95.45 2008 Essendon 95.45 2000 Carlton 94.44 1908 Essendon 94.44 1950 South Melbourne 92.86 1918 Collingwood 90.91 2011 St Kilda 90.91 2009 Carlton 90.91 1995 Melbourne 88.89 1956 Competitive Imbalance Remedies The measurement of competitive balance relates to two aspects, which include; within-season competition balance that are associated with relative quality of teams in a season, and between-season competitive balance that are aimed at relative quality of teams over a number of seasons (Booth, 2000). One remedy for competitive imbalance is the merits of various measures that canvassed prior to settling on two basic measures, which include; distributions of season win percentage within-season competitive balance and distribution of premierships that are a measurement between season competitive

Professionalization of modern sport For Profit or Glory Coursework

Professionalization of modern sport For Profit or Glory - Coursework Example This has led to more time for the people to attend and followed spectator sports. With the advent of mass media in the contemporary world, these trends continued progressing at a faster rate leading to professionalism in sports. Today, professionalism in sports has become prevalent. This has further increased the popularity of sports as the fans of the sports begin following the exploits of professionals athletes. This happens through mass media, all while enjoying the exercise and the competition that is mostly associated with the amateurs participating in sports. The development of today’s football is closely related to the industrialization process. Most of the Britain’s new working class inhabitants of the industrial towns and cities are seeking fresh forms of enjoying leisure collectively. In addition, the increase in the levels of adult literacy has also spurred the mass media to cover sports that are organized such as football. The popularity of football has played a huge role in eroding the public interest in other sports like cricket (Szymanski 1998). The issue of professionalism in football reached a crisis in England in the year 1884 when football association (FA) expelled two clubs for using players who were professionals. However, players receiving wages had become a common thing by then that the FA had no powered but to sanction the practice a year later. With the growing influence of the players who were working, the upper classes were forced to seek refuge in other sports. With modernization, professionalism in football was inevitable. This led to the establishment of a football league that led to the competition among several teams. During this time, several clubs in England were owned and controlled by businessmen but the shareholders were receiving low dividends if any. Their main reward was only enhanced by the status of the public through running of the local clubs

Max Weber Research Paper Example | Topics and Well Written Essays - 1250 words

Max Weber - Research Paper Example Weber was highly inspired by German idealism and specifically by neo-Kantianism. The most significant influence of neo-Kantianism thought on Weber was the idea that reality is basically disorganized and perplexing, with all the balanced order coming from the way in which the individual mind focuses its attention on particular areas of reality and arranges the perceptions that come as an output. Social Action Max Weber viewed sociology as a science of social action. His early focus in sociology revolved around subjective meanings that individuals attach to the actions that they take and their interpretations of concepts within a particular social context (Elwell, n.d.). According to this, Weber categorizes action in four different ways. The following kinds of action can be taken. Zweckrational (the means used to achieve the required goal are rationally chosen). Wertrational (the goal one is trying to achieve might not be rational, but rational ways are used to attain it). Affective ac tion is rooted in the emotional state of an individual instead of rational thinking. Traditional action is the action that is guided or regulated by customs, habits, or traditions. According to Weber, there are many factors in action behind human behavior, and he believed that most of the behavior exercised by individuals is a mix of the above mentioned actions. He advocated that a distinctive shift in the motivation of individual behavior is a distinguishing feature of a modern society (Elwell, n.d.). Major part of his work investigates the factors that gave birth to the idea of rationalization in the western society. Weber believes that social action is an illustration of the use of an ideal type. An ideal type provides the fundamental method for comparative and historical study (Elwell, n.d.). It also helps the researcher when he or she is studying a specific area of the society. This ideal type cannot be a real phenomenon; it is a classic hypothetical example against which the r eality could be compared (Barnard, Burgess, & Kirby, 2004). Theory of Rationalization According to Weber, rationalization refers to the increasing human control over the social environment. As per this theory, there are three basic points that are individual cost-benefit analysis, the bureaucratic arrangement of organization, and understanding of reality without searching for explanations in mystery, magic, or supernatural beliefs (Allan, 2005). The process of rational thought is the sensible application of knowledge to arrive at a preferred outcome. It leads to competence, cooperation, efficiency, and power over both the natural and the social surroundings (Elwell, n.d.). It also makes individuals come out as free, as he or she breaks the net of traditional thoughts and illogical belief systems. In his later works on bureaucracy, Weber discusses rationalization in detail. Weber advocates that bureaucracies are goal-defined organizations devised according to rational factors in orde r to effectively achieve their goals (Elwell, n.d.). The bureaucratic cooperation of the actions of numerous people has become the main structural characteristic of modern societies. As regards the concept of rationalization, Weber stayed doubtful. He saw it as a two-sided phenomenon. On the

Solaris System Resource Manager Essay Example | Topics and Well Written Essays - 2500 words

Solaris System Resource Manager - Essay Example The system administrator can allocate CPU resources according to predefined shares as opposed to fixed percentages, which allows the system to dynamically apportion all available resources according to the relative proportion f shares f any current user. The SRM pro rates resource shares to users and groups and then adjusts CPU usage to meet the shares. Dr. Gunther presents two significant differences between the TS and SRM schedulers. The first is that the SRM guarantees a minimum percentage f CPU, rather than a fixed percentage. The other difference is that when the allocations are changed dynamically, the SRM changes are not always immediately reflected the in percentages f CPU time the users receive. Dr. Gunther's first example explains that if a user is awarded 10 f 100 shares, that user receives a minimum f 10% f the CPU resources when the machine is busy. If the machine is only 50% active, the same user will receive double or 20% f the CPU resources. This CPU usage is determined by an instantaneous and periodic sampling f the usage to adjust the resource usage. Since the usage has to be sampled and adjusted, this causes a time lag between the allocation and the realization f resources. ... Learning Outcome The goal f the SRM is to dynamically adjust each user's CPU usage to reflect the ratio f shares to which the user is entitled. Dr. Gunther uses a modeling tool called PDQ to demonstrate several capacity planning scenarios. The first scenario presents two small share users in one group. The data compares TS and SRM response times as well as comparisons f SRM response times between scenarios. The user with fewer shares in the first scenario has a longer wait than with traditional TS schedulers. The wait is significantly longer for a small share user when a large share user is brought online in the second scenario. When two groups are active in the third scenario, the group with smaller shares suffers performance degradation. The fourth scenario presents results from all three groups being active. The groups with the largest number f shares have significant performance improvement while the opposite occurs for the small share groups. Gunther points out that allowing a sudden swing in re sponse times by an order f magnitude or more is highly undesirable when allocating SRM shares and this has to be considered when a particular group is given too many resource shares. In addition, a single user from a different group can have a large impact on a separate group. Dr. Gunther recommends a method to use when setting the SRM tuning parameters. If on a particular system, the service demands and workload intensity are less relative to the case studies presented, Gunther predicts the SRM will performance will be better than predicted. If each user has more than one process executing at a time or if there is a great disparity in the work performed by