Achievement Gaps - 1012 Words

Achievement Gaps Reading, writing and the ability to solve simple mathematical problems are a part of the necessary tools needed to survive in America. Consequently, such learning tools are used numerous times throughout the day without recognition. However, reading, writing and basic knowledge of mathematical problems are not equally achieved by all social groups. It is clear that education plays a major role in the future of an individual, yet there are achievement gaps between Black, White and Hispanic groups. Unfortunately, minority groups are not meeting the standard scoring according to statistics. White groups are exceeding Black and Hispanic groups in reading, writing, and mathematics. There are a vast number of reasons for†¦show more content†¦For instance, the gap in reading in 2007 between Black and White groups was significant in 44 states, in grade four. However, in 1999 to 2004 the gap for the age nine, in reading, was lower for a longer term than any other per iod. In the mathematic department, Black groups have grown significantly in 2005, while the White counterpart’s scores have not changed. Thus, causing the gaps between White and Black groups to be narrower in 2005. In 2005, Whites had a twenty-seven point lead over Blacks. The gap point gap in 2007 remained almost the same, with Whites having a twenty-six point lead in reading over Blacks. The reasons for the achievement gaps between Black and White groups are based on family income, social status, and poor schools. The conflict perspective best describes the achievement gaps for blacks and Hispanics. According to this conflict perspective, there is a constant struggle between the dominant group (whites) and the subordinate groups (blacks and Hispanics). Those that are a part of the dominant group have economic and political control. The subordinate group is often left ignored and ridiculed for having a lower status by the subordinate groups. Those who support the conflict theory also believe that the subordinate group is stereotyped as lazy and lack the knowledge and/or desire to narrow the gap between blacks, Hispanics and whites; that is subsequently known as â€Å"blaming the victim†. Overall, the subordinate group is viewedShow MoreRelatedThe Gap Of The Achievement Gap917 Words   |  4 Pages The achievement gap is the education gap between the performance group of students in which these groups are usually defined by their social status, race or gender. The education experts proved that this gap had a negative impact on the students of the new generation as most of them tend to believe that this gap couldn t be changed and that their life success and learning will be depending on their social status, race or gender. This gap not only affects students, but also affects everyone in theRead MoreThe Achievement Gap1119 Words   |  5 Pagesthe education sector, the achievement gap delineates the observed disparity in school performance among student groups. This gap is manifested in measures such as test scores, grades, college completion and dropout rates, and selection of courses. Within the U.S. context, the achievement gap has often been used to refer to the worrying performance disparities between Latinos and African-Americans on one hand and their non-Hispanic white counterparts on the other. The gap also describes academic differencesRead More Achievement Gap Essay1447 Words   |  6 PagesThe achievement gap is defined as the disparity between the performance groups of students, especially groups defined by gender, race/ethnicity, ability and socio-economic status. The achievement gap can be observed through a variety of measures including standardized test scores, grade point averages, drop out rates, college enrollment and completion rates. The Black-White achievement gap is a critical issue in modern society’s education system. Although data surrounding the issue clearly indicatesRead MoreAchievement Gap with Minorities753 Words   |  3 Pagesabout achievement gap is broached, it is often offensive towards minorities. Mainly because it implies that you’re acknowledging the fact that there is and achievement difference among their race and Whites. Personally I have no problem with the term because it is factual. It’s what school officials are not doing to close this gap that i have a problem with The achievement gap is sustained by poor school management and teaching—not o ther social or cultural factors. In order to close this gap amongRead MoreThe Achievement Gap Of Education905 Words   |  4 Pagesâ€Å"Achievement Gap.† These are two of the most powerful and controversial words in the educational field today. Professionals use the term achievement gap to refer to the differences in performance, whether it be test scores, attendance, drop-out rates, graduation rates, etc., amongst the various student populations in education. There have been many educational policies and reforms in an attempt to narrow the achievement gap amongst the various ethnic groups namely, â€Å"No Child Left Behind† (NCLB)Read MoreThe Segregation Of The Achievement Gap1837 Words   |  8 PagesThe Camouflaged Segregation of the Achievement Gap in the United States Education System The first public school in the United States opened in Boston in the year of 1821. By the end of the 19th century, public secondary schools began to outnumber private ones. Nevertheless, the education system started with many flaws. One of the biggest problems of the public educational system is that, although it gave the less advantaged an opportunity to learn, it did so in a segregated way. When we talk aboutRead MoreAchievement Gap Between The Educational Performance Gap931 Words   |  4 PagesAchievement gap refers to the difference between the educational performances of different groups of students (Hidden Curriculum, 2014). While this is still a common problem in society, many educators are trying to close the gap and get all students on the same page for success. It is important to know not only the types of achievement gaps faced within schools, but also how they can be handled effectively. One common achievement gap is that of upper-class majority students versus lower-c lass minorityRead MoreEducation And Academic Achievement Gap1304 Words   |  6 Pagesstudents. Many people believe that schools should focus on excelling on standardized testing, such as state tests and college entrance exams, and lowering the academic achievement gap. After all, these examinations are major factors in students’ future decisions and schools’ academic success greatly affects their overall achievement. Focusing on standardized testing is important; however, basic courses—such as English, mathematics, and science—are not the only subjects that are beneficial when preparingRead MoreThe Black White Achievement Gap1462 Words   |  6 PagesAfrican American students in an affluent, suburban district have not successfully closed the achievement gap. These students’ are generally lower performing that whites and Asians and sometimes lower than Hispanic and/or socio-economically disadvantaged. According to Sohn (2012) the phenomenon of the black white achievement gap has returned. Slaven and Madden (2006) assert â€Å"The gap in academic achievement between African American (as well as Latino) children and their White peers is arguably theRead MoreThe Achievement Gap Is Difficult For Children2305 Words   |  10 PagesMarkese Jones Mr. Hance AP Writing Lab 10 February 2015 The Achievement Gap The achievement gap is difficult for children just entering school because the bar has already been set to where some of those children are going to land. At the age of three, children of people with careers have vocabularies that are nearly 1.5 times greater than

Rhetorical Analysis Of `` What The Hell Is Water `` By...

Famed American author David Foster Wallace gave a commencement speech to Kenyon College’s graduating class of 2005. Most commencement speeches focus on graduates’ accomplishments as well as give general life advice. Wallace’s presentation follows this pattern at first, congratulating the students on getting their diplomas. However, most of his speech is dedicated to the idea of thinking beyond ourselves. Throughout the speech, Wallace argues we should live with empathy through his use of humor and appeals to the audience’s empathy. The introduction quickly introduces the humorous tone found throughout the piece with his use of anecdotes. In the opening anecdote, two young fish fail to recognize that they are surrounded by water. By juxtaposing the academic setting with the fish exclaiming â€Å"what the hell is water?† the speaker creates humor with the fish’s unexpected colloquialism. Furthermore, Wallace connects the irony of the fish anecd ote with the that of most adults, who are unable to see what really matters in life just as the fish can not see the water that encompasses them. The speaker follows this story with another about an atheist and a theist arguing about the existence of God. By refusing to see the other’s perspective, Wallace shows the humor in their rigid belief systems. The speaker also pokes fun at his liberal arts audience by asking why they accept both men’s position without questioning their rationale for doing so. By doing so, Wallace displays audienceShow MoreRelatedEssay about Wallace Rhetorical Analysis1393 Words   |  6 PagesA Rhetorical Analysis of â€Å"This is Water† If one were to try to imagine a world without air, then it would certainly be very different than the world as humans know it. Since air is essential to the livelihood of most life on Earth, it could be considered an â€Å"important reality.† In David Foster Wallace’s commencement speech, â€Å"This is Water† to the 2005 graduating class of Kenyon College, Wallace states that â€Å"the most obvious, ubiquitous, important realities are often the ones that are the hardestRead MoreDeveloping Management Skills404131 Words   |  1617 PagesOrganizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam

Investment Analysis and Portfolio Management †Free Samples

Question: Discuss about the Investment Analysis and Portfolio Management. Answer: Introduction: The overall assignment mainly depicts the use of adequate financial derivatives by portfolio managers to improve they all return from investment. Financial derivatives mainly comprises of 4 different types which allow it get investors to increased exposure in the market. The use of derivative mainly helps investors in hedging their overall exposure in the capital market.These derivative options also allow investors and Portfolio managers to adequately apply relevant investment theories and make exponential gains. The whole assignment mainly evaluates under hypothetical situation where all the four different types of the derivative instrument is evaluated and analysed. Lastly, the overall recommendation for portfolio managers, which could help in improving the overall give ability to increase profits by using different derivative instruments. Describing the four major financial derivatives used in portfolio management: There are different types of financial derivatives, which could be used by portfolio management these derivatives are depicted as follows. Forward contract derivative: Forward contracts derivatives are mainly identified as its simplest form of decorative instrument, which are applicable only for today. This is one of the oldest forms of contract, which are conducted by investors to hedge or control losses in future. The forward contract is mainly an agreement, which is made between two parties regarding sale of a product or instrument in later date. This instrument was widely used before the invention of future contracts.Many investors are still using the forward contracts effectively until day to conduct adequate exposure in the market. Berezhnoy et al. (2014) stated that forward contracts are mainly conducted between two parties or counterparties, where there is no exchange responsible for the transaction. On the other hand, Bodie (2013)argued that use of future contracts does not allow oroblige the other party to keep commitment regarding the contract. Details of the forward contracts can be kept secret from the public, as it is not mandatory to provide relevant details regarding the transaction. Forward contract mainly allowed investors to effectively control the rising prices and reduce any kind of losses, which might income from volatile capital market. Forward contract are currently used in currency exchange, which are conducted by the bank (Dutta 2016). Example of a forward contract: Particulars Value Value AUD payment 1,000,000 Current AUD/USD Rate 0.75 = 1,000,000 * 0.75 = 750,000 Forward Contract Rate 0.73 = 1,000,000 * 0.73 = 730,000 Expected AUD/USD Rate 0.72 = 1,000,000 * 0.72 = 720,000 Reduction in losses 10,000 A firm using AUD USD rate for reducing any kind of volatility in the exchange market for the payment that needs to be converted in USD.The overall use of forward contract mainly helps in reducing the losses by $10,000. This was made possible by using the forward contract, which fixed the overall exchange rate and reduced any kind of risk that may be faced by the person exchanging the payment. This mainly helps investors to fix their overall exchange rate, which help in reducing any kind of risk from capital market (Fat and Pop 2015). Future contract derivative: Future contracts are a viable transaction, which is conducted with the help of an exchange and allows investors to make adequate investment decisions.This type of contract is mainly similar to forward contracts where sale of a particular commodity is conducted on a specified future date. However, the prices of that commodity are fixed in the current date, which helps in reducing any kind of price volatility that might think in later date. Future contracts use exchanges and are conducted through a medium, which allows and obliges different parties to fulfil their part of the bargain (Frino, Mollica and Webb 2014). Future contracts conducted on a pre designed format, which needs to be followed by an investor while conducting investments and transaction. Furthermore, the future contracts mainly follow a daily settlement contract format, where all the gains and losses are realised on the given day after commencement of the trading day. In future contracts buyers and sellers does not form any kind of contract enter or enter in an agreement, they simply transact with the exchange. Thus, exchange is mainly responsible for all the transactions conducted under the future contracts and is liable to pay the parties. Example of a future contract: Particulars Value Value Buying Gold 100 ounce Current Gold price 1258.63 = 100 * 1258.63 = 125,863 Future contract 1265 = 100 * 1265 = 126,500 Expected Price 1350 = 100 * 1350 = 135,000 Reduction in losses 8500 From the overall evaluation of Future contracts example it would be understood that reduction of $8,500 worth of value in Gold buying bus conductor.This reduction was mainly achieved by using a futures contract, which help in locking the current prices of the gold and allowed investors to effectively reduce extensive losses in buying the gold commodity.This type of extensive used mainly allows investors to effectively improve their current financial exposures in the market (Hou 2017). Option contract derivative: Option contract derivative is the third option, which is used by investors to effectively Hedge the exposure in the capital market. The option contract mainly allows investors effectively hedge against any kind of future volatility that might be expected by them. There is simply two types of options, which are used extensively by investors first is the call option second is the put option. Call option is mainly a right, which allows investor to buy something at later date at a given price (Johnson 2015). However, put option mainly allows investors to sell something at later date at a given price. Furthermore, option contract provides an effective choice to the traders as they could conduct the trade in future date or not. This relevant choice mainly allows investors to effectively speculate the market and reduce any kind of extensive losses, which might be conducted during the investment Period. The option contract is mainly conducted with the help of an exchange, as adequate measures need to be taken when option trades are conducted. Option trades mainly allow investors to increase their exposure in the market with relevant small premium provided by them. The investor at the cost of the premium could ignore any losses that might incur in future. Currently option contracts at high demand among investors, as it allows them to produce any kind of risk and increase their investment capacity. Option contracts is conducted based on prices related to a certain instrument, these options are conducted based on future price volatility to increase their gains from investment. The main expense, which is incurred by the option contractors, is the premium amount that they are charged for exercising the trades. The use of premium amount mainly allows investors to reduce the overall capital blockage, which were previously conducted in future contracts and help to increase their investment capacity. Khumawala, Ranasinghe and Yan (2016) argued that due to the option trading system speculators and novice traders are able to inflate and create volatility in the market, which in turn reduces market efficiency. Example of a option contract: Particulars Value Value Selling shares of Apple 1000 Buying Put Option Current price 152.96 1000 * 152.96 = 152,960 Strike price 150 1000 * 150 = 150,000 Premium 5 1000 * 5 = 5,000 Expected Price 140 1000 * 140 = 140,000 Actual Price 149 1000 * 149 = 153,000 Reduction in losses 145,000 -149,000 = 4000 loss According to the example portrayed in the above table, option price of Apple did not follow to the relevant speculation of $140. This mainly increased the losses of the investor my $4,000 as the investor invested in a strike price on $150 and premium of $5. This mainly indicated that prices of Apple went below $145 then the investor could get good return from investment. Thus, the price only went down by 149 dollars, which resulted in a loss of $4,000 by the investor. If the investor does not choose to take the trade then he has to pay premium of $5,000, which is greater than the loss that was incurred (Lievenbruck and Schmid 2014). Swaps derivative: The most complicated type of contract in derivative is the swap contract, which involves adequate speculation and relevant research before conducting the trade. Swap derivatives are mainly conducted on different participants where one investor uses the fixed rate for a floating rate interest to increase its overall gains from investment. The swap trades allow investors to swap interest rates and underlying currency for increasing the overall financial income. With the help of swap trades companies are able to avoid foreign exchange rates, which might hamper the overall return from investment.Swap trades mainly conducted by private contractors to negotiate between two parties to get the relevant benefit from the spread (Neuberger 2016). Swap trades are mainly conducted by investment bankers between the two parties, as it helps in reducing any kind of risk from investment.However, swap trades mainly increase the overall risk from currency exchange rate, which might hamper and reduce an y kind of income that might be generated from the investment. Amount to be invested 100,000 Interest rate 1st country Interest rate 2nd country Exchange rate 4 0.25 Savings 8% 3% Loan 9% 4% Invested amount 400,000 Interest received 32,000 Converted to 2nd country 8,000 Invested amount 100,000 Invested paid 3,000 Total income 5,000 From the overall evaluation of the example, it could be understood that Investment in first country could eventually help in gaining interest of 32000, which converted to 8000. In addition, a loan in second country code eventually attracts a payment of 3000,which will make a total income of 5000 for the investor. This type of seed is mainly identified as a swap trade, which is conducted by companies and investors to increase their overall investment (Norden, Buston and Wagner 2014). Analysing the desirability of using in derivatives in hypothetical situations with adequate critics: After the overall evaluation of the four different types of derivative instruments option contract and futures contract is mainly identified, as the most viable investment option. As this will allow investors to conduct trades without any relevant risk. Thus, the hypothetical situations in the above examples mainly depicts that use of option trading and future trading could eventually help investors in making investment decisions and effectively conduct trades in the market (Pinzur 2016). However, forward contracts are elements used in the market, which should be avoided, by investors and Portfolio managers in their portfolio construction. In addition, swap trades also be avoided by the portfolio managers, as it only comprises of swap interest rates, which is a complicated endeavour conducted by companies. Thus, the use of future and option contracts could eventually help a portfolio manager to conduct and deliver the required rate of return from the investment. Recommendations and Conclusions: After the overall evaluation of the assignment, it could be understood that derivative contracts allow investors to adequately invest in the market. Investors to conduct relevant transactions in the market mainly use the derivative instruments such as forward, future, option, and swap contracts. However, the use of future and option contracts is relevantly higher in the market as it provides an effective measure for all the investors to increase their profitability. Therefore, it could be understood that the use of option contracts is mainly and adequate investment instrument, which could help investors in conducting high end trades. Thus, portfolio managers needs to use option and future contracts to effectively conduct and prepare their portfolios and obtain the relevant return from investment. References Berezhnoy, V.I., Berezhnaya, E.V., Berezhnaya, O.V., Telnova, N.N., Ostapenko, E.A. and Shatalova, O.I., 2014. Methodology of application of the systematic and derivative analysis of the conditions of the local raw materials market development.Life Sci. J,11(8), pp.600-602. Bodie, Z., 2013.Investments. McGraw-Hill. Dutta, A., 2016. A Comparative Study of Efficiency of the Market-The Pre and Post Derivative Trading Period in India. F?t, C. and Pop, F., 2015. The Evolution of OTC Interest Rate Derivative Market: The FRA Case.Procedia Economics and Finance,32, pp.1154-1162. Frino, A., Mollica, V. and Webb, R.I., 2014. The Impact of Co?Location of Securities Exchanges' and Traders' Computer Servers on Market Liquidity.Journal of Futures Markets,34(1), pp.20-33. Hou, Q., 2017. Research on the Development of Derivative Products of Comic and Animation Advertising Video of Local Characteristic Culture.DEStech Transactions on Social Science, Education and Human Science, (icsste). Johnson, C.A., 2015. Moving from Soft Law to Hard Law in the Derivative Area: A Case Study.The Changing Landscape of Global Financial Governance and the Role of Soft Law, p.258. Khumawala, S., Ranasinghe, T. and Yan, C.J., 2016. Why hedge? Extent, nature, and determinants of derivative usage in US municipalities.Journal of Accounting and Public Policy,35(3), pp.303-325. Lievenbrck, M. and Schmid, T., 2014. Why do firms (not) hedge?Novel evidence on cultural influence.Journal of Corporate Finance,25, pp.92-106. Neuberger, A., 2016.Role of risk management in the oil and gas industry: the effect of derivative contracts used to manage oil and gas price risk on stock price sensitivity in the oil and gas industry during a period of declining oil and gas prices. Norden, L., Buston, C.S. and Wagner, W., 2014. Financial innovation and bank behavior: Evidence from credit markets.Journal of Economic Dynamics and Control,43, pp.130-145. Pinzur, D., 2016. Making the grade: infrastructural semiotics and derivative market outcomes on the Chicago Board of Trade and New Orleans Cotton Exchange, 18561909.Economy and Society, pp.1-23. Rauterberg, G.V. and Verstein, A., 2014. Assessing transnational private regulation of the OTC derivatives market: ISDA, the BBA, and the future of financial reform. Rifai, N., Syaukat, Y., Siregar, H. and Gumbira-Sa-id, E., 2015. Factors affecting increased export of Indonesian palm oil and its derivative products to the United States of America market.Journal of ISSAAS (International Society for Southeast Asian Agricultural Sciences),21(1), pp.137-146. Roukny, T. and Battiston, S., 2014. A network analysis of the evolution of the German interbank market. Salazar, M., 2014. Swapping More than Regulations: Reexamining the Goals of the Dodd-Frank Act and the European Market Infrastructure Regulation on Over-the-Counter Derivative Markets.Sw. J. Int'l L.,21, p.217. Sharma, P., Lee, S., Guo, T., Irwin, D. and Shenoy, P., 2015, April. Spotcheck: Designing a derivative iaas cloud on the spot market. InProceedings of the Tenth European Conference on Computer Systems(p. 16). ACM. Takino, K., 2016. An Equilibrium Model for an OTC Derivative Market under a Counterparty Risk Constraint.

The Republic Of Pakistan Essays - Dominion, Political Geography

The Republic of Pakistan Dominion Republic (Speech) Thank You, ladies and gentlemen. Now, we, The Republic of Pakistan, as we feel it is our sole duty to do so, would hereby like to take the opportunity to affirm and acknowledge the statements ejaculated by The Dominion Republic. First, we would like to state the present situation of Brazil: Brazil is in trouble! Economic crisis are just too much. Social distress is also pondering amongst the citizens. Dreams of a golden future have now practically run out. It is in so much trouble, that it holds the world largest foreign debt of $130 (Yes, one hundred and thirty), BILLION dollars! Ladies and gentlemen, there are numerous upon numerous examples which we can share with you to clarify how Brazil's economy is, to put it bluntly, IN THE PITS! But, you and I have already heard enough examples we need from The Dominion Republic themselves. It is no doubt that the government of Brazil is lacking in practically every respect. SOMETHING MUST BE DONE! We can not let this continue yet further, as it will then be even more difficult to come out of it later. Here is what the Dominion Republic purpose: To put a price freeze on all goods and services. What this would do, is result in a decrease of Brazilian inflation hence, saving the economy. This must be done! Ladies and gentlemen, there is a solution to every problem, unfortunately, the Brazilian government does not seem very interested in the remedies. HOWEVER, we, The Republic of Pakistan, feel that the opportunity should be given to The Dominion Republic to help assist in the damaged society. One may ask, why is Pakistan interested in such a resolution? Well, we know how governments are. They are interested PURELY IN THEMSELVES! The Brazilian government is just like the Kashmir government (but that's another speech). They do what he want, and do NOT give a 2 cents about the public. We know where The Dominion Republic is coming from, and we express our concern as such. So, please, ladies and gentlemen: Acknowledge the lack of decency the governments posses, and help us rise from this disaster; only with the help of the United Nations, can we overcome this dilemma. I thank you, ladies and gentlemen, for listening to us thus far. And I also hope that you understand and acknowledge our concern, as well as the concern of The Dominion Republic. All our intentions are laid our clearly, we only hope that you will allow The Dominion Republic the opportunity to prove ourselves. Thank You.

The Importance of Cultural Approaches to Negotiation

The Importance of Cultural Approaches to Negotiation Negotiation occurs when individuals with conflict of the interests get together to determine how they would allocate resources or work together in the future. The ideas of both parties need to be well presented in the negotiation. Both parties should end up with equally benefiting outcomes.Advertising We will write a custom essay sample on The Importance of Cultural Approaches to Negotiation specifically for you for only $16.05 $11/page Learn More Negotiation results in problem solving to a common problem between the parties involved. Contradicting issues arise due to different schools of thought and cultural backgrounds. This is the reason why negotiation needs expertise when handling it. Negotiations in business involve open communication, understanding the conflict and search for the solution by the involved parties. Different cultures approach negotiations differently and thus, utmost understanding is required (Hendon, Hendon Herbig, 1996).The main purp ose of this paper is to discuss the cultural approaches used in negotiations. It will explain five cultural approaches used by the Chinese and their effectiveness if applied in the United States of America. Different cultures approach negotiation differently. This is because of the differences in their traditions and beliefs. Negotiators’ cultural background is reflected during negotiation process through the way they think and are sensitivity to the issues. The approaches used in different cultures have their advantages and disadvantages. Therefore, it is necessary to understand the different cultural approaches to negotiations especially when dealing with foreigners. If this is not done it may lead to frustrations of the two parties and this is likely to bring enmity, which is not good for business investors (Hendon, Hendon Herbig, 1996). The Chinese culture is renowned for persistence and coherence. It is rooted in religio-philosophical traditions of Taoism, Buddhism, Con fucianism, Pantheistic and Animist beliefs. Confucianism, for example, is associated with the subtle and tacit but forceful social moral and behavioral code in China. Social harmony is another element of Chinese culture that gives a non-interventionist, outer directed and situation-accepting orientation. This allows the Chinese maintain harmony with their counterparts. Besides this, they place the negotiation on a wider context in understanding of the underlying principles. The Chinese also take responsibility for the decisions made and are less likely to result in overt conflicts during the negotiation.Advertising Looking for essay on communication strategies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Their culture is also relationship oriented as it values relationships above everything else. Thus, the Chinese negotiators will take negotiation as a relationship building process. In this regard, they ensure that a good relati onship is maintained during and after the negotiation (Li Weldon, 2000). Their cultures require them to be implicit and indirect and this is reflected in their negotiation style. They are more sensitive and practice proper etiquette in their dealings. They are also governed by reciprocity and therefore, they expect concessions in return. In addition, they show patience in their negotiations and more likely to place a negotiation in a historical context. They deal with issues as a package rather than one issue at a time and they are comfortable with long-term negotiations. Another cultural factor is contingency propositions. This means that they display more caution and they are more assertive as well as open to the pursuit of self (Li Weldon, 2000). On the other hand, the objective of American negotiators is to arrive at legalistic contracts. They thrive in getting the details right and using all relationships to facilitate the achievement of unambiguous understandings. They focus on the short-term solution and they are result oriented. They prefer a competitive environment with the intent of solving problems and they expect reciprocity. The law binds them and they honor their contracts no matter the results of the outcome. The Americans negotiate expecting immediate results. They see delays as a sign of ineptitude and they deal with perceived insensitivity. Their tendency to getting straight to the point mostly leads to failures in negotiations (Hendon, Hendon Herbig, 1996). Therefore, there are distinct differences between the American cultural approach to negotiation and the Chinese cultural approach to negotiation. The Chinese approach is humanitarian and if applied in the United States, it is bound to bring about positive changes. However, its effectiveness will solely depend on how this culture is embraced. Most American investors have built their negotiation skills on western culture and it may be a challenge to adopt new changes. However, some of th e Chinese cultural approaches to negotiation are possible to be incorporated into the United States culture (Li Weldon, 2000).Advertising We will write a custom essay sample on The Importance of Cultural Approaches to Negotiation specifically for you for only $16.05 $11/page Learn More For example, the Chinese’s collective way of thinking will do well if it replaces the American’s individualistic way of thinking. This way, it is possible for an American negotiator to put himself in the shoes of another person and view the negotiation in a broader perspective. The Americans may see the sensitivity with which the Chinese handle negotiations as a weak point but if incorporated in the US culture, it is likely to help build long-term relationships following a negotiation (Lam, 2000). The Americans are always in haste in their business dealings. Adapting the formal long-term relationship building of the Chinese culture at the negotiation table may help them pay close attention to details of the issue and understand their counterparts. It is also possible to replace the impatient and aggressive tendency of the Americans with the more subdued patient spirit of the Chinese. The Americans are result oriented and they are likely to close businesses deal in their favor even if their counterparts get furious over it. This can also be overcome by the Chinese’s long-term perspective, which helps them have better deals and hence become better business investors (Lam, 2000). In conclusion, negotiation skills are shaped by negotiator’s culture. In order to avoid enmity when solving conflicts, the negotiators need to understand each other’s culture. Each culture has its pros and cons when approaching the negotiation table. Therefore, it is the role of the negotiators to learn and appreciate the other parties’ cultures. It is also necessary to incorporate the pros of different cultural approaches to be able to m aximize opportunities in international and national business (Hendon, Hendon Herbig, 1996). References Hendon, D., Hendon, R. Herbig, P. (1996). Cross-Cultural Business Negotiations. Connecticut: Greenwood Publishing Group.Advertising Looking for essay on communication strategies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Lam, M. (2000). Working With Chinese Expatriates in Business Negotiations: Portraits, Issues, and Applications. Connecticut: Greenwood Publishing Group. Li, J., Tsui, A., Weldon, E. (2000). Management and Organizations in the Chinese Context. Hampshire: Palgrave Macmillan Publishers.

Adjectives That Look Like Adverbs

Adjectives That Look Like Adverbs Adjectives That Look Like Adverbs Adjectives That Look Like Adverbs By Mark Nichol What’s the visual difference between an adjective and an adverb? Well, all adverbs end in -ly, and no adjectives do, right? Wrong on both counts. Some adverbs, called flat adverbs, lack the -ly suffix. The words in this category, like straight, can be used both as adverbs (â€Å"Drive straight through the intersection†) and adjectives (â€Å"He drew a straight line†). Some adverbs, like slow, are interchangeable with their -ly forms (see this post). Others, like hard, are distinct in usage from the adverbial -ly form (â€Å"I worked hard† is opposite in meaning from â€Å"I hardly worked†) and have no adjectival -ly form. At the same time, dozens of adjectives end in -ly, and many have no adverbial equivalent. (Some adjectives that pertain to periods of time, such as daily, weekly, and monthly, can be both adjectives and adverbs: â€Å"They followed a daily regimen†; â€Å"They followed the regimen daily.†) For example, friendly can modify a noun (â€Å"She wore a friendly smile†), but although one can write, â€Å"She looked friendly,† it means she had a friendly look, not that she looked at someone in a friendly manner. (Friendly is not an adverb; friendlily is, though I’ve never seen it used, and one must otherwise use the adverbial phrase in the previous sentence, or a similar one, in place of friendly.) Other adjectives ending in -ly that are not also adverbs include costly (â€Å"It was a costly event†), miserly (â€Å"That’s a miserly attitude†), and unruly (â€Å"He’s an unruly boy†). One cannot, for example, act costly, miserly, or unruly; one is said, for example, to spend in a costly manner, to behave in a miserly fashion, or to engage in unruly behavior. Adjectives ending in -y can be converted to adverbs with the insertion of -il- before the final letter, as in frosty (â€Å"She gave him a frosty look†) becoming frostily (â€Å"She looked at him frostily†), but, friendlily notwithstanding, few adjectives can be converted to adverbs in this manner. For example, â€Å"She gave him a deadly look† is correct, but â€Å"She looked at him deadlily is not.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:20 Words with More Than One Spelling8 Types of Parenthetical Phrases45 Idioms with "Roll"

Direct Request Essay Example | Topics and Well Written Essays - 500 words

Direct Request - Essay Example Answers should be directed to your department and then to a manager of a corresponding project. Each quality should be rated on a scale of 1-10, and evaluation should be repeated every sixth month. We understand that this procedure means more work for departments' managers and forces suppliers for higher achievements in their work. On the other hand it will facilitate access to important information about suppliers' company and enable its financial success. Project manager is also benefiting from this program, because it will enlarge his/ hers personal experience and create new career opportunities. We will appreciate your support of the program and believe that it will make a significant difference in our work effectiveness. Level of understanding is high (about 90 % in both groups), because the idea of project is simple and doesn't require extraordinary level of competence. Problems with understanding could be related to little working experience or otherwise to a lack of basic knowledge (when promotion to the post of manager was based on personal relations instead of working achievements). Audience expects payment increase and career promotion due to the new responsibilities, 10-30 % of the audience prefers to work as before and get the same payment, but the most part will agree for a larger amount of work in exchange for higher income. At the beginning of the project audience wou

Research Bibliography Paper Example | Topics and Well Written Essays - 1750 words

Bibliography - Research Paper Example Visual arts and film studies is a broad body of knowledge that requires adequate research in a variety of fields. Several scholars in the field of visual arts and film studies have wrote useful research books that can be used for comprehensive studies. Francisco Goya is among the scholars who have made a great contribution in the field of visual arts and film studies. A critical analysis of his works portrays a cognitive combination of various artistic features aimed at broadening the reader’s mind in analyzing artistic aspects. Francisco Goya developed the los Caprichos, which comprise of 80 sets of prints put out as an album (Goya, 50). Francisco’s works are organized as an artistic experiment tailored to picture the flaws in the knowledge base of the Spanish society, a place he spent much of his time. Francisco elaborated the issue of dominance of superstition in the society, high level of ignorance, defective leadership approach, and marital slipups. Generally, his works can be described as depicting since they are concerned with outlining misconceptions that are evident in any civilized society. In essence, most of his works point out deceptive features in the society such as ignorance, self-interest by leaders, and unclear means of acquiring wealth. For the purpose of studying various aspects of visual arts and film studies, we can focus on the fourth series of Francisco’s artistic genre. The series is a critique of the practices experienced in the 18th century in the Spanish society and the human race at large. Francisco uses a unique informal style of writing to convey crucial information regarding the contemporary society and people behavior. His style of presenting ideas laid a foundation for quality print production for future generations. From studying the works of Francisco Goya, people understood that information can be passed through prints and animation. In addition, blending color with a combination of

Reference to two South African examples Essay Example for Free

Reference to two South African examples Essay In at least one point in the day, every-one finds themselves tuned into one broadcast station or another, be it radio or television Be it for entertainment, relaxation, to be informed or merely a means of escapism. For whichever reasons it is, radio and television play an active role in our everyday life whether we are aware of it or not. Using South African examples, this assignment seeks to discuss two radio and two television genres. It is virtually impossible to discuss the issue genre before defining this term. Both the Oxford dictionary as well as Creeber (2001), defines genre as type or kind. Genres allow for the types or kinds of things to be categorised. For example in radio broadcasting, there are various different programs aired, such as talk shows, music shows, news broadcasts, drama shows and so on. Each of these shows are categorised into a particular genre based on their characteristics. The two radio genres that will be discussed are talk shows and music shows. The phenomenon of genre is not exclusive to radio and television alone. In fact according to Greeber, it [genre] has played an important role in the study of literature, theatre, film, television and other art and media forms (Creeber, G: 2001 pg. 1). Radio-Talk Genre Radio stations like SAFM and 702 are almost entirely dedicated to the genre of talk show however almost every radio station incorporates this genre if not at least for a few minutes. The success of talk shows lie in participation by the audience. The audience is urged to call into the radio station and either view their opinion on the topic of discussion or pose questions to either an officiator or a panel. On SAFM for example, there was a program entitled The Life and Times of Dr. Bayers Nordea. The show was as the title implies, discussing and talking about Dr. Nordeas life. The show hosted family, colleagues and friends, who spoke about his life. Listeners also got the opportunity to add their comments, thoughts, as well as pose questions to the panel. The show was also officiated by the host or disk jockey (D. J) of the show, who not only directed most of the discussion, but also made sure that the show, ran smoothly. The nature of talk shows is such that the audience phones in either agreeing or disagreeing to the topic or question being discussed. This opens the door for others to voice their opinions. According to Barnard (2000), phone-in encourages a free flow of opinion and conversation within the safety of an artificially created community (Barnard, S: 2000). With out this element, the talk show would be deemed unsuccessful. Talk shows do not follow a particular protocol, meaning that any topic can be addressed. The mere action of a D. J. posing a question relating to any topic and receiving feedback from the audience constitutes the genre of talk show to be exercised. As any topic makes way for talk shows, it is common to find small inserts of talk show, even within a primarily music radio station. Highfeld Stereo is an example of a South African music radio station. It is common to find a situation where a D. J. poses a question and opens the lines to receive feedback. The D. J is thus officiating a talk show, within a music show. Listeners of talk shows however, are required to concentrate on the discussion if they are to understand what is being discussed, thus ones attention cannot divert from one thing to another. For example, one cannot talk to a friend on the phone, as well as remain focused on the discussion. Radio-Music Genre. Although there is audience participation in the music genre, it differs from that of the talk genre. Regarding music radio, the audience is urged to call in to send dedications to friends or loved ones, choose songs they wish to hear, or vote for their favourite song rather than voice their opinions on a matter. Music as a genre is not so clear-cut like talk shows. Within the music genres, there are sub-genres, where by music is categorised according to style. Rock, rave, hip-hop and pop would all be examples of sub-genres of the music genre. The music genre requires less attention from the listener to be focused on the show. Namely, the listener can do various other activities without loosing out on the entertainment. For example, while driving a car and focusing on the road, or while working at ones desk, one can continue to listen to his or her favourite song and not be side tracked. Unlike the talk genre where if one was driving a car and focusing on the road they would more than likely loose track of what was being discussed-alternatively, they would possibly have an accident. As the genre implies, the emphasis in music shows is in fact music. Therefore it is common to find very little talking by the D. J. and more music being played. The show usually consists of popular songs in the specific sub-genre being aired. This genre also usually has a top 40 show, where the 40 most popular songs are aired. This is commonly known as contempory hit radio (Tomaselli/de Villiers: 1998). 5FM radio station for example has the Coca-Cola Top 40 music show which is aired every Sunday morning from 10:00- 14:00. Other radio stations like East Coast Radio host the Top 10 at 10 show, which airs the 10 most popular songs every Tuesday night at 22:00. These songs which make it onto the top 10 or top 40 lists, are songs which have been voted for by the public. Jacaranda FM in contrast to the mainstream radio stations of say 5FM for example would air music of a different sub-genre, however one would still find the most popular tracks of that specific sub-genre being aired, as well as top 10 shows occurring. In the music genre, the D. Js primary job is to play music and possible talk a little bit about the artist of the track, rather than being an officiator or a mediator of discussion, as is found in talk radio. Television-Documentary Genre. As the term documentary implies, these shows are usually fact based and require research to be done on the particular topic being showed. Events are documented by a team of researchers and aired to the public. An example of a documentary would be found in the SABC 2 show 50/50. This is a documentary program that focuses on various aspects of the wild life. Documentaries however could focus on a variety of topics, including an event, person or idea. As the emphasis of documentaries is on information, enlightenment and facts, viewers usually watch documentaries as a means of being informed, rather than being entertained. The nature of documentaries is such that each episode is fully formed and has a definite conclusion even if left as an enquiry for the viewer to think about what they have just viewed. This allows the viewer to evaluate their knowledge of the topic against that of the show. Documentaries are also not usually serial form, as would be the case in a sitcom for example. Rather, they tend to be self-contained episodes with definite endings. Documentaries usually also adopt a narrative structure psychological relationship of the viewers to the program. The viewer is often addressed directly, in order to persuade the actual person watching at home that he or she is the you to whom the addresser is speaking (Allen,C: 1992 pg. 118). This also keeps the viewer interested in the show as well making them feel as if they actively involved in what is going on. Due to the fact that documentaries are not entertainment focused and are rather a means of transferring information, events, people or animals being documented are portrayed as realistically as possible. Animals, which are filmed in the 50/50 program, for example are filmed in their natural environments, rather than in zoos, in order to give the viewer the most realistic experience. As they are based on real occurrences, documentaries, unlike entertainment programmes such as sitcoms, do not focus as much on a specific plot. Television-Soap Opera As soap operas were originally targeted at the female audience (Brown, M: 1994), it is not surprising to find that many of the central characters within this genre are women. More importantly, they are strong, powerful and influential characters, rather than the stereotype housewife women. SABC 3 airs the soap opera Isidingo. Charel de Villiers and Leigh Haynes are two examples of strong, powerful and ambitious characters that play central roles in the show. It is important for these kinds of characters to exist, in order for the audience to which the show is targeted at to be able to relate. They [women] recognise some of there own identity in this product created by the media (Brown, M: 1994). People watch soap operas for a number of reasons. The fact that they are entertaining, allows the viewer to unwind, relax or escape from the stresses from every day life, for the duration of the show, as the audience get lost in the reality of the program (Anderson, M: 2004). Viewers could also be using the decision-making techniques and outcomes of the soap opera to work through their own issues (Anderson, M: 2004). Isidingo is an example of a program that deals with AIDS-an issue that the whole of South Africa is facing; it also provides solutions in the form of Nandipe-a married women infected with HIV. Her positive attitude allows her to live a productive life. Viewers may see Nandipe as a role model. Those viewers infected with HIV may in fact even echo her actions in order to try and increase productivity in their own lives. Characters in soap operas are usually found in the form of multiple characters (Brown, M: 1994) meaning that characters emphasize the group over the individual (Brown, M: 1994 pg 53), thus many people can relate to one specific character. This also makes way for viewers to find similarities between themselves and various other characters rather than one particular character. Brown believes that rather than relating to characters in soap operas, viewers implicate themselves to various characters, meaning that the viewer will see similarities between a particular character, or even characters, but when the character acts in a way that the viewer does not agree with, or feel comfortable with, the viewer will distance him or herself from the character (Brown, M: 1994). Soap operas adopt a visualization style, which gets the viewer to focus and identify with a specific character (Brown, M: 1994 pg. 53). On a radio talk show for example, a TV viewer called in with the opinion that the Isidingo villianess, Cherel de Villiers should be punished, as if the viewer could not differentiate between reality fiction. (Anderson, M: 2004). Apparently actors who play villainous characters are shunned offset by the public (Anderson, M: 2004). It is not only the relatable characters and entertaining style of soap operas that keep the audience hooked. It is also the continuous open-ended nature of episodes, set in the present and containing a number of alternating story lines which gives the audience sense of continuous pleasure (Brown, M: 1994, pg. 58). The fact that soap operas resists narrative closure, meaning that the story is continuous and never ending, means there is always hope for the future (Anderson, M: 2004). Thus viewers will continue to watch future episodes in order to come closer to seeing what will happen at the end (which never really comes). John Davies (1984) suggests about soap opera viewers that once hooked, they vacillate between their need to know, or the pleasure of anticipation that keeps viewers watching (Brown, M: 1994). In discussing two radio and two television genres with reference to two South African examples, it is evident that the complexities and intricacies of various broadcasts and genres are not as simple as one would imagine. As seen above, various genres and broadcasts draw in different audiences, and evoke various different responses in the viewer or listener. As technology continues to move forward, where will these broadcasts find themselves in the future? For now though, radio and television will continue to play an active part in almost all of our lives. BIBLIOGRAPHY Allen, Robert C. 1992. Televisions modes of address the social context of T. V. viewing. In Channels of Discourse, reassembled. 2nd ed. Edited by Robert C. Allen. London: Routledge. Anderson, Muff. Soapies mirror SAs soul. Mail Guardian. 24 March 2004. Barnard, S. 2000. Studying Radio. New York: Arnold Hodder. Brown, Mary Ellen. 1994. Ch. 3: Soap opera and womens talk: The pleasure of resistance. Thousand Oaks: Sage. Creeber, G. (ed. ). 2001. Introduction: What is genre? In Creeber, G (ed),The television genre book. London: British Film Institute, 1-7. Teer-Tomaselli, R and de Villiers, C. 1998. Radio: Theatre of the Mind. In De Beer, A (ed). Mass media toward the Millennium. Pretoria: Van Schaik, 147-175.

Hester as A Self-Reliant Character Essay -- essays research papers

Individualism in a Society-Based World   Ã‚  Ã‚  Ã‚  Ã‚   In a society-centered world, living as self-reliant can be a difficult task to accomplish because society puts pressure on its members to conform to its standards. Nonconformists are eluded by society and consequently have difficulty retaining their nonconformist position. According to Ralph Waldo Emerson’s â€Å"Self Reliance†, those who express themselves and dismiss the role of consistency are misunderstood, but great and as a result will ultimately rise in a â€Å"morally perfect,† but hypocritical society. In Nathaniel Hawthorne’s Scarlet Letter, Hester Prynne was created as a self-reliant character that indirectly exploits the flaws and hypocrisy of Puritan society, as well as to prove Hester as a survivor. In addition to Hester and self-reliance, Hawthorne reveals the hypocrisy of Puritan society.   Ã‚  Ã‚  Ã‚  Ã‚   Hester is a symbol of self-reliance because she resumes wearing the scarlet letter â€Å"A,† a symbol of her adulterous act and she stayed loyal to herself by daring to live beyond the petty rules of Puritan society. She is obviously not repentant, as she chooses to remain in Boston, even when she is free to go elsewhere and start a new life. â€Å"Here had been the scene of her guilt, and here should be the scene her earthly punishment; and so perchance, the torture of her daily shame would at length purge her soil, and work out another purity than that which she had lost; more saint-like bec...

Finance 3220 Problem Set 1

What is the present value of $150,000 to be received 8 years from today if the discount rate is 11 percent? Question 1 options: | A)|   $65,088. 97| | B)|   $71,147. 07| | C)|   $74,141. 41| | D)|   $79,806. 18| | E)|   $83,291. 06 | Question 2 (2 points) According to the Rule of 72, you can do which one of the following? Question 2 options: | A)|   double your money in five years at 7. 2 percent interest| | B)|   double your money in 7. 2 years at 8 percent interest| | C)|   double your money in 8 years at 9 percent interest| | D)|   triple your money in 7. years at 5 percent interest| | E)|   triple your money at 10 percent interest in 7. 2 years  | Question 3 (2 points) On your ninth birthday, you received $300 which you invested at 4. 5 percent interest, compounded annually. Your investment is now worth $757. How old are you today? Question 3 options: | A)|   age 29| | B)|   age 30| | C)|   age 31| | D)|   age 32| | E)|   age 33| Question 4 (2 poin ts) You just received a $5,000 gift from your grandmother. You have decided to save this money so that you can gift it to your grandchildren 50 years from now.How much additional money will you have to gift to your grandchildren if you can earn an average of 8. 5 percent instead of just 8 percent on your savings? Question 4 options: | A)|   $47,318. 09| | B)|   $52,464. 79| | C)|   $55,211. 16| | D)|   $58,811. 99| | E)|   $60,923. 52 | Question 5 (2 points) Shelley won a lottery and will receive $1,000 a year for the next ten years. The value of her winnings today discounted at her discount rate is called which one of the following? Question 5 options: | A)|   single amount| | B)|   future value| | C)|   present value| D)|   simple amount| | E)|   compounded value | Question 6 (2 points) Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Andy will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true? Question 6 options: | A)|   Barb will earn more interest the first year than Andy will. | B)|   Andy will earn more interest in year three than Barb will. | | C)|   Barb will earn interest on interest. | | D)|   After five years, Andy and Barb will both have earned the same amount of interest. | | E)|   Andy will earn compound interest. | Question 7 (2 points) You invested $1,650 in an account that pays 5 percent simple interest. How much more could you have earned over a 20-year period if the interest had compounded annually? Question 7 options: | A)|   $849. 22| | B)|   $930. 11| | C)|   $982. 19| | D)|   $1,021. 15| | E)|   $1,077. 94 | Question 8 (2 points)A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5. 5 percent. Today, you could earn a fixed rate of 6. 5 percent on a similar type account. However, your rate is fixed and cannot be adjusted. How much less could you have deposited last year if you could have earned a fixed rate of 6. 5 percent and still have the same amount as you currently will when you retire 38 years from today? Question 8 options: | A)|   $2,118. 42 less| | B)|   $3,333. 33 less| | C)|   $5,417. 09 less| | D)|   $7,274. 12 less| | E)|   $9,234. 97 less  |Question 9 (2 points) You are investing $100 today in a savings account at your local bank. Which one of the following terms refers to the value of this investment one year from now? Question 9 options: | A)|   future value| | B)|   present value| | C)|   principal amounts| | D)|   discounted value| | E)|   invested principal | Question 10 (2 points) One year ago, you invested $1,800. Today it is worth $1,924. 62. What rate of interest did you earn? Question 10 options: | A)|   6. 59 percent| | B)|   6. 67 percent| | C)|   6. 88 percent| | D)|   6. 92 percent| | E)|   7. 01 percent |

Relationship of Leadership to the Politics

DefinitionLeadership-This is the practice of controlling and directing the behavior of individuals towards the completion of some common goals and objectives. It involves influencing people in undertaking things to a given set and value on top of their standard and all this is done willingly.  Politics-This is the process of recognizing and eventually integrating opposing interests inside the organization. This may be as the means of creating non autocratic or a democratic working environment.  Organization-This is the social arrangement that pursues collective objectives and goals, hence controlling its own performance, and it has a boundary separating it from environment surrounding it.DiscussionThe politics of an organization is essential and an unavoidable reality woven with system of management whereby organizational activities are affected by it. Organizational mission, goals, strategy, correction, assessment and ways of developing agreement are always leadership and politi cs of that particular organization. This is so because some of the great leaders in organizations have also ventured in politics thus becoming more influential in there actions as they dominate specific places both within and outside the organization. Politics and leadership go hand in hand, since most key leaders will tend to listen and get involved as they interact with politicians. For instance politicians may seek to meet trade, chambers of commerce and economic planning and development leaders to find out the operational activities of firms since both of them are policy makers. These politicians go their not to ask for endorsements but they go there to get out what is happening in the market and their country.Employees have the biggest influence on deciding what leadership style works for them, and sometimes they will mislead the leader to a very easy style hence the first thing to be undertaken is figuring out an exact style which works for and with them, hence democratic will not work well here and the preferred will be situational leadership and this will make the followers of a particular leader to decide for him. Though leaders should lead by example and move further to formulate and implement organizational policies.Organizational structure cannot be expected to resolve political problems within an institution. Political ambitions are frequently driving force behind these structural changes. Wider political and social forces in societies a s a whole also limit the choice and operation of organizational structures. This is common in the case of state organizations in both socialist and capitalist economies and of public service departments as well. Here the form of structure is usually imposed as a political rather than purely managerial decision.According to George’s leadership, political climate of a particular organization is affected by a leader through management and making use of alternative settings which is visible in decision making, interaction with others in mobilizing support and setting of agenda, also in inspiring individuals, teams and other people. The relationship between organizational politics and leadership can be comprehended from the fact that organizational leadership occurs in the perspective of groups, where followers are prejudiced by the leader to make sure their loyalty and voluntary participation towards predetermined outcomes. The interaction between leaders and their influence & authority over the followers lay down the tone for political climate in an organization. By clearly understanding of organizations’ political systems which is necessary for leadership to lead the company towards the goal achievement. Leaders who have worked for long in the company will possess the general knowledge of political climate prevailing in the organization. Leaders from outside should take time to learn and understand the organizational politics by focusing and observing keenly relationship of the v arious groups in the company.  The literature on politics in organizations is both complex and confusing. Consistent with the connotation that politics is somehow bad and to be avoided, at least in rational organizations. Politics in organization arises where groups in an organization have there own preferred goals, and the means to attain those goals, sanctioned by rest of the organization, for instance the case must be of powerful groups. Pfeffer (1981) suggests that political behavior is best known as those activities taken within organizations to acquire, develop and use power and other resources to obtain ones preferred outcomes in a situation in which there is uncertainty or discensus about choices. In this respect organizational politics and social power are very much a like, only that they are distinguished primarily by the unit of analysis involved. When our focus is on individuals influencing other individuals, here we talk about social power and when our focus is on gro ups influencing other groups we are talking about organization politics, hence political behavior occurs in situation characterized by uncertainty.Conflicting opinions and preferences are perhaps the single most important cause of political behavior. But such conflicts can exist only if there is some degree of uncertainty about what is objectively the best or must appropriate course of action. To try and solve this political behavior in organizations, power should be distributed equally among the groups affected by decision which give rise to this. It is also important to recognize that although conflicting preferences can exist only when there is some uncertainty about what is objectively the most correct or appropriate course of action, uncertainty simply provides an environment in which conflicting preferences can develop. The real causes of the conflicting opinions and preferences are differentiation and resource scarcity. Political leaders place there interest ahead of the inte rest of an organization, to them don’t visualizes the difference between operating within the law and operating ethically.It is important to note that since differentiation is a natural consequence of organizational growth, and since both uncertainty and resource scarcity are the rule rather than the exception in organizations, it must be concluded that both conflicts and political activity are inevitable group level outputs that can be found in virtually any organization. Understanding is the key for leaders to make use of organizational politics and also to enhance their own leadership credibility.   The amount of conflict and political behavior that occurs in a given organization will depend upon the severity of the prerequisite conditions, that is the degree to which there exist task interdependence, parochial perspectives, resource scarcity and soon.Referenceshttp://www.careerknowhow.com/guidance/micromanager.htmhttp://www.ebscohost.com/ehost/pdfhttp://www.leadersdirec t.com/leaderstyle.html

buy custom Cleft Lip or Palate essay

buy custom Cleft Lip or Palate essay Clefts of the lip, alveolus and hard palates are the most common congenital deformities affecting the upper jaw leading to difficulty in feeding. However, cleft lip alone generally doesnt interfere with feeding. There are chances of regurgitation of milk, associated lung infections and chronic otitis media, Conductive hearing loss and delayed speech in the patients of cleft palate. They generally occur as isolated deformities and very rarely are associated with congenital heart disease and genetic conditions such as Aperts or Downs syndrome. INCIDENCE: 1 in 2500 live births. Clefts are highest among Asians and lowest among blacks. cleft lip and palate in conjoint predominate in males. Cleft palate alone is more common in females. ETIOLOGY:- possible etiology include maternal drug exposure during pregnancy, syndrome malformation complex, or genetic . This condition of cleft lip and palate is inherited in a dominant fashion, (van der woude syndrome) Embryology of Normal fetus: the masticatory muscles in conjoint with internal pterygoid Muscle allows the mandibular teeth to forcefully contact the maxillary teeth. When teeth meet simultaneously, the force is distributed over a large are of bone to tooth attachment and resulting to the joining of medial nasal and maxillary processes. Embryo histology: The cleft of the lip appears because of the hypoplasdia of the mesenchymal layer, resulting in failure of the medial nasal and maxillary processes to join. Cleft of the palate appears to represent failure of the palatal shelves to approximate or fuse. Genetic influences more significant in cleft lip/palate than cleft palate alone where environmental factors exert a greater influence. Clinical features: cosmetically looks ugly: Cleft lip may vary from a small notch in the vermillion border to a complete separation extending in to the floor of the nose. Clefts may be unilateral or bilateral and may involve the alveolar ridge. Cleft palate may result to difficulty in feeding, regurgitation ,lung infections, middle ear infections, dental decay and speech delay/hyper nasal speech, inability to whistle, gargle, blow out a candle, of inflate a balloon . MANAGEMENT : COSMETIC SURGERY : the correction of cleft lip is undertaken earlier because Of the obvious cosmetic problems.(three months of age) SURGICAL CLOSURE OF THE DEFECT: restoring the normal anatomy of the cleft palate undertaken later, but before the development of speech(around ten months of age) Treatment of lung infection like pneumonia and atelectasis orthodontic correction, Speech therapy :If surgery is delayed beyond three years of age, a contoured speech bulb can be attached to the posterior of a maxillary denture to accomplish occlusion of the naso pharynx and help the child develop intelligible speech. Treatment of middle ear infection e.g., otitis media and conductive hearing loss. Healthy diet:-feeding can be continued with a Mead Johnson bottle or a cup. Use a crosscut nipple to prevent choking. Any nipple can be crosscut manually using a single-edged razor blade. The crosscut is on the tongue side. CONCLUSION Cleft lip or palate is a congenital developmental deformity probably caused by maternal exposure of drugs during pregnancy Because of this deformity the neonate gets difficulty in feeding along with lung and middle ear infections. The only management remedy is surgical correction of the defect. Buy custom Cleft Lip or Palate essay

3 Justifications for Altering Quotations

3 Justifications for Altering Quotations 3 Justifications for Altering Quotations 3 Justifications for Altering Quotations By Mark Nichol Generally, writers should not change the wording in quotations, but quotations that lack context or that include a gratuitous word or phrase should be repaired, as shown in the following examples. 1. â€Å"Without those tools, she said, ‘It’s as if years ago we had given them a pencil to write the essay and took away the eraser.’† When a partial paraphrase is inserted before a quotation to provide clarity or additional information, lowercase the first letter of the first word of the quotation even if it was originally a complete sentence: â€Å"Without those tools, she said, ‘it’s as if years ago we had given them a pencil to write the essay and took away the eraser.’† 2. â€Å"It [the fire] was both a setback and a great relief,† he later remarked. Avoid introducing a bracketed noun or noun phrase to specify what an ambiguous pronoun refers to in a quote. Instead, use the noun or noun phrase in a paraphrase and omit the pronoun from the partial quotation that follows: â€Å"The fire, he later remarked, ‘was both a setback and a great relief.’† 3. â€Å"I think it’s important to recognize that this issue is not a, quote, distraction,† she added. Omit, without comment, a speaker’s or writer’s use of the word quote (or the phrase â€Å"quote, unquote†) to signal emphasis or skeptical or ironic usage; simply frame the emphasized word or phrase in single quotation marks: â€Å"‘I think it’s important to recognize that this issue is not a â€Å"distraction,†Ã¢â‚¬â„¢ she added.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Punctuation category, check our popular posts, or choose a related post below:100 Beautiful and Ugly WordsAcronym vs. Initialism15 Names and Descriptions of Effects

Ethical Dilemma Assignment Essay Example | Topics and Well Written Essays - 1500 words

Ethical Dilemma Assignment - Essay Example Ethical decisions may present themselves that can run the risk of ruining a career or creating a poor patient outcome. These decisions must be made carefully and thoughtfully, and with introspection and deliberation. Making the ethical decision is a process of self-reflection and personal integrity. This paper will define an ethical dilemma and explore the decision making process used to arrive at a decision where all the options have significant consequences. As a health care worker, friends occasionally confront me that need medical care and require a prescription drug. They will occasionally request that I write the prescription without seeing the patient, which is in violation of common medical ethics and sound medical practice. They may additionally ask me to write the prescription for a third party that has insurance in an effort to eliminate the cost of the drug. In addition to violating medical ethics, this also has the legal liability of being against the law. Adding to the ethical dilemma is the reality that they often do not have the money for their expensive medications, and using someone else's insurance may be the only option they have to acquire them. I am also familiar with their case and know the patients, and they perceive the demand to see them in the office as simply 'medical over-kill'. These factors impact my decision making process, as I am empathetic to their financial needs and sympathize with their feelings regar ding the office visit. I need to make a decision that will consider my friends and our relationship, their physical and emotional health, as well as my career and personal integrity. There are myriad sides to this dilemma and numerous aspects that need to be evaluated. I need to weigh the importance, and definition, of our friendship and how that might be impacted by my refusal to comply with their requests. I also need to examine the fact that I might be able to significantly help these people by doing a minimum amount of harm. The professional ethical guidelines that I uphold have a high value to me, and violating them reduces my own sense of self-worth. In addition, I could risk losing my license, my practice, my career, and my livelihood. I need to be sure that these risks are real, and not simply defense mechanisms that I am using to deny my friends' requests. These are the factors that need to be weighed into a reasonable and balanced decision that I can live with. The decision making process begins by defining the dilemma and ends with taking action. The process also includes consulting professional guidelines, considering all the options that are available, consulting colleagues, and evaluating the potential outcome of each alternative (Koocher & Keith-Spiegel, 2008, pp. 22-23). Every decision we make has consequences and when making a decision we need to be able to accept and endure the cost of that decision. I believe in the theory of virtue in regards to ethics and believe that our actions should adhere to the principle that "what is ethical is what develops moral virtues in ourselves and our communities" (Velasquez, Andre, Shanks, Meyer & Meyer, 2008). Unlike the utilitarian, I don't compare the potential good against the possible harm and see which outweighs the other. I simply must see if my actions develop my sense of moral virtue. I

Global Demographics Essay Example | Topics and Well Written Essays - 750 words

Global Demographics - Essay Example Companies in the business of entertainment will need to pay far greater attention to Spanish speaking Americans in their product offering than they needed to a few years ago, as Hispanics are the fastest growing ethnic group. Products and services geared toward working mothers are very likely to enjoy success in an atmosphere in which women are pursuing careers before and after having children. Businesses that are blind to these kinds of demographic trends are likely to stagnate and ultimately lose out to more astute competitors. In an environment of global growth and diversity, there are trends that are likely to pose great challenges to competition and business success. The ability of an organization to embrace diversity and leverage it to strengthen its products and services, as well as its community image, is crucial to the ongoing success and competitiveness of any business today. No longer can businesses make assumptions of homogeneity in any market in which they choose to operate. Multiculturalism and diversity have redefined everything from what it means to be American or European to what is considered a family. Organizations must prepare to meet the ch... Question 3 If diversity could be viewed as a business strategy, it most certainly would contribute to an organization's competitive advantage. Communities are becoming ever more diversified; and organizations that fail to acknowledge and respond to that growing diversity risk becoming out of touch with the market in which they seek to operate successfully. Successful business have their finger on the pulse of what is going on in the market place, and are able to change and adapt accordingly. Those that remain stodgy and inflexible in the way they operate, and the way they develop and market their products and services, in the face of a demographically dynamic marketplace are very likely to be left out in the cold. A business strategy of diversity means utilizing market intelligence to quickly detect and respond to demographic and other changes in the market. It means relating to a diverse market by cultivating an image of diversity through public relations efforts, and committing to products and services that resonate with a diverse clientele. Those organizations that pursue this type of business strategy will enjoy a strong competitive market position well into the future. Question 4 Trends in changing demographics and global business expectations that demand attention from organizations desiring to remain competitive in the future include populations that are aging, becoming more ethnically diverse, and have greater access to information than ever before. People today have the ability to virtually instantaneously retrieve information about their product options, facts about the competition, and communication with others with

Abortion Essay Example | Topics and Well Written Essays - 1500 words

Abortion - Essay Example These untruths have been widely perceived as facts. In addition, the Founding Fathers of this nation intended to shape not only the legal but the moral direction of American society as well when they drafted the Constitution, the document that defines the laws of the nation. If they were alive today, the Founders clearly would be against the killing of innocent victims for reasons of convenience. There is little freedom of choice for women who are experiencing an unwanted pregnancy. The women themselves usually wish to bring their baby to full term. Other powerful influences in her life such as husbands/boyfriends, parents and friends are generally the forces that exact pressures on her to terminate the pregnancy. â€Å"Eight out of 10 women surveyed after abortion said they would have given birth if they’d had support and encouragement from family and friends† (Reardon, 2002). It’s the abortion that, in many cases, is unwanted by the woman, not the baby. Most often, the father of the child, not wishing to accept responsibility, may beg or even threaten a woman until she agrees to the abortion. â€Å"In 95 percent of all cases the male partner played a central role in the decision† (Zimmerman, 1977). This and other studies have illustrated clearly that most women decide against their own conscience. Legal abortion enables fathers to force their will on mothers. Some women resort to abortion in desperation because they fear continued abuse. That fear is substantiated as women who refuse to abort have been subjected to serious abuses which have escalated to murder if the women still persists in her refusal. Murder is the leading cause of death for pregnant women and for what other motive could there be? â€Å"Sixty-four percent of women surveyed report being pressured by others into unwanted abortions† (Reardon, 1992).   Ã‚  Immediately following an abortion, the one(s)

Accounting Essays Comparability of Financial Statements

Accounting Essays Comparability of Financial Statements Comparability of Financial Statements. 1.0 Financial Statements and its Significance. In recent times, we have witnessed tremendous policy reforms and recommendations being made to tackle and control the manner in which businesses carry out their accounting work. Numerous accounting mismanagement and malpractices have only added to the urgency to bring regulations that seek to keep a check on accounting procedures followed by the corporate world. The failure of companies such as Enron due to inappropriate accounting tactics stands out as a perfect example. Investors in the form of shareholders and stakeholders provide huge sum of capital anticipating higher future returns. Firms are known to tamper with financial data in order to attract prospective investors to finance their capital requirements and debt elimination. Recently, Shell, one of world biggest energy and oil producing companies was accused of overstating oil reserves to attract investments and had eventually admitted to have tampered with its financial data. Therefore, proper scrutiny of financial statements is essentials especially since various individual and business interests are developed citing information provided in these statements. Countries such as the US have come up with regulations such as US GAAP1 to assess financial policies pursued by corporates and the format to be followed in publishing financial statements. Countries have adopt accounting procedures and guidelines framed under the International Financial Reporting Standards (IFRS) to eliminate discrepancies in financial analysis, improve investment opportunities and to make financial information available. By 2005, all companies registered in the EU have to adhere by new accounting standard. Countries such as UK have come under immense pressure to replace UK GAAP with the new IFRS scheme. Investors often depend on various financial ratios to determine when and where to invest. Such complexities and the presence of diverse interests groups make it essential to develop financial mechanisms that determine the financial health of a company. Companies have to publish Annual Reports that summarise its financial status and act as a medium of information to its shareholders. An important and significant step in determining the health of a company is to analysis its historical financial statements. These historical data provides a picture of the financial health of a business and a roadmap outlining the direction the business is heading. The financial data are covered under various headings such as the Balance Sheet and Income Statements. Each of these has a particular format and is based on the principles of financial regulation framework such as the GAAP. We shall look at them briefly in the following chapter and also look at other techniques developed due to the shortcoming some of these financial ratios are known to show. 2.0 Understanding Financial Ratios Ratio is nothing but the comparison of one figure with another and is normally depicted as a percentage. Financial ratio is an analytical tool used to analyse trends, strength and weakness of a companys assets and its liabilities. Financial ratios are compared overtime on a year to year basis. The basic source for these ratios comes from the companys financial statements which contains information on the assets, liabilities, profits and losses and dividends accruing to its shareholders.2 The most common ratios can be classified under the following headings: Profitability Ratios Liquidity Ratios Capital Structure Ratios In the financial world, firms rely on investors to raise funds for its short and long term needs. This is done by floating shares in the stock markets or by issuing debentures or bonds (loans). The funds may come in the form of short term, medium or long term loans. An investor will only invest if he is fully convinced that his investment will gain higher returns/dividends. He may look at the balance sheet to analyse how much the company is worth. Liquidity is an important criterion that influences investor decisions. The company must be able to pay back its loans on time and doing so will only raise its reputation in the capital market for future borrowings. The company that relies heavily on borrowing its expenses will obviously find it difficult to service its liabilities. Besides, customers spending habit has a larger impact on the companys sales and liquidity. Purchase affects the companys stock of goods which, in turn, affects its liquidity. Since stocks cannot be sold in short notice, it has a direct impact on the firms capability to raise fund to finance short term debt financing. The current liabilities have to be settled in cash within short period of time. The presence of large stocks will artificially inflate the total current assets which may make it appear as if the company has enough resources to meet its short term liabilities. We shall look at some popular ratios that, though informative, cannot be used as an ideal tool for financial analysis. Lets see how. The annual report 2004 of The EMI Group suggests that group has current assets (including stocks) worth  £1107 million and current liabilities worth  £1403.5 million. The resultant current ratio is 0.78:1.3 This figure suggests that the Group does not have enough short term resources to meet its short term requirements. It has only 78 pence to meet a pound of debt. If we deduct the stocks ( £36.4 million) from its current assets to see its immediate liquidity, the quick ratio shows an even poor debt financing capability. The quick ratio is 0.76:1.4 This figure suggests that the Group has only 76 pence to meet every 1 pound worth of debt.5 Analysing the results suggest that it would be inappropriate to rely on the current ratio as it does not explain how much the company real assets are readily convertible into cash in short notice. Stocks are not highly liquid and therefore must be excluded in assessing the companys liquidity in the short period. Therefore, current ratio cannot be used as a reliable means to make investment decisions and that it essential that we look at other ratios and their merits and demerits to determine which of these is appropriate in the capital market. The Gross Profit Ratio is the ratio between the Gross Profit and the Sales Revenue. The Gross Profits is arrived at by deducting the Cost of Sales from the Sales Revenue.6 To analyse this ratio we shall look at the Income Statement of The Sandvik Group.7 The Consolidated Income Statement suggests that the group had an Invoiced Sales of  £4010.2 million and Cost of Sales equalling  £2742 million. The GP ratio between these two figures is 1.46:1 meaning that the group is able to make 46 pence extra from every  £1 of sales. It may look appealing but it must be noted that the Cost of Sales does not include other expenses that may significantly reduce the gross profits.8 If we deduct other expenses worth  £741.9 million, the operating profits drop to  £526.3 million. The Shareholders and the companys future investment plans and its dividend policies depends on the Net Profits. It is arrived at by deducting the interest payables. The Sandviks Net Profits for the year after tax de ductions are equivalent to  £327million. We can see that though the Gross Profit ratio is a useful ratio it does not shows the companys financial position and does not influence any investment decisions. The real true figure that matters is the Net Profits after taxation. The ratio categorised under capital structure ratios are more elaborate and descriptive. However when using ratios such as gearing and interest cover, factor such as market structure, consumer preference and taste, economies of scale, product type have considerable influence. For example, payments from debtors depends of consumer income and preference. These factors have its affect on the current assets (cash) which will in turn affect the company ability to pay its creditors. The points here is that though some factors cannot be measured and may not have direct consequences (market structure) it cannot be ignored. The ideas highlighted above are very important in performing financial analysis of a company. The accounting professionals have introduced techniques that are more accurate and explicable. We shall look at one such technique in the next chapter. 3.0 Improvement in assessment of financial statement. We have seen the technical failure of various financial ratios and the difficulty in using them as a tool to make investment decisions. Comparing financial results from different periods has its own drawbacks because there are no independent frameworks to assess whether the companys current results are good or bad. It is very important that care must be taken when comparing results between two different companies in terms of products, size, market share etc. For example, company A may have a significant market share (turnover) compared to company Bs but smaller net profit due to its bigger operational costs. Such discrepancies can influence wrong investment patterns and decisions. Another major drawback of ratio analysis is that accountants indulge in creative accounting techniques where ratios calculated from published financial statements show favourable figures. For example, sale and repurchase agreements manipulate liquidity figures and off-balance sheet finance which distorts return on capital employed and thereby influencing companys gearing. It is therefore essential that new approach to assessing financial statement must be devised and changed to suit to new market conditions. One such technique was developed by Professor Altman who devised a new technique popularly known as the Z-Score.9 The Z-Score is a statistical model that incorporates the use of five different ratios which serve to predict the health of a firm.10 The Z-Score is used to predict bankruptcy of the business using traditional financial ratios and statistical method known as the Multiple Discriminant Analysis. The Z-score is considered to be 90 % accurate in forecasting business failure one year into the future and 80 percent accurate in forecasting it two years into the future.11 By selecting various financial ratios and applying weight to each ratio it is possible to estimate the financial position of the company. In his study, he analysed over 22 such financial ratios and selected 5 distinctive ratios that focused on the balance sheet and performance ratios. Weights were assigned by establishing appropriate coefficients to show how each of these ratios influenced the dependent Z-Score. Altman Z-Score equation: Z = X1 (a) + X2 (b) + X3 (c) + X4 (d) + X5 (e)12 Where, X1 Working Capital/Total Assets. X2 Retained Earning/Total Assets. X3 EBIT/Total Assets.13 X4 Market Value Equity/Book Value of Total Debt. X5 Sales/Total Assets a, b, c, d, e are respective coefficient assigned to each ratios (X1,X2 ¦Ã‚ ¦..X5). Z Overall Z-Score. Now, companies expand their reach in the global market by producing goods that belong to different markets. Firms engage in horizontal and vertical integration to expand their market and also to reduce risk by spreading their resources in different activities. It is therefore illogical to do a financial comparison of firms from different industry. Professor Altman overcame the problem of comparing companies that specialised in different industries by altering the above equation by eliminating certain ratios. For example, Ratio X5 for non-manufacturing companies. This is done because sales/total assets ratio greatly varies from industry to industry. Z = X1 (a) + X2 (b) + X3 (c) + X4 (d) He modified the equation for a privately held company by implementing book value of equity as a private companys stocks are not publicly traded. He further devised Z Score table to determine a financial healthy company from a sick company in various industries. The companies in the grey area were considered misclassified. Unhealthy Gray Area Healthy Private Companies < 1.23 1.23 2.90 > 2.90 Public Companies < 1.81 1.81 2.99 > 2.99 Non Manufacturing Companies < 1.00 1.11 2.60 > 2.60 The Z Score technique is gaining popularity in the financial world as an efficient and accurate method to predict financial health of a company and also it is less likely to be manipulated as Ratio Analysis are known to be. In the next chapter I shall focus on the International Financial Reporting standard and look at ways it can be improved to promote comparability and facilitate globalisation and movement of capital. 4.0 Financial Reporting and Applications. The International Financial Reporting Standards also known as the International Accounting Standard are a set of accounting standards companies must follow when formulating financial policies and publication of financial statements. In the EU, new regulations require EU companies to adopt International Accounting Standards by the year 2005. Questions have been raised as to whether we need international standards with massive movement towards free market. As Mr. Andrew Crockett puts in advances in IT and the ascendancy of free market principles have underpinned government-led to market-led financial system ¦.the period saw the emergence of financial instability 14 Mr. Crockett also stress on the fact that we need to develop, seek global acceptance of, and implement a set of codes or standards that pertain to key elements of financial system infrastructure . It was felt that certain regulations on financial prices, financial statements framework, and accounting principles pertaining to domestic and cross border transactions were hindering market forces. These factors combined with the shift towards greater fiscal and monetary prudence laid the foundation for a system that controlled capital movement across borders and international standards that improved global accounting principles. The steps taken to achieve efficient financial mechanism must be able to address two factors firstly, it must be able to identify the most economic way of utilising resources and secondly, it must be able to control the manner in which these resources are utilised. It forms the basis for the allocation of income among various claimants on the company and to bring in financial discipline. The major advantages of such reporting standards are:- It helps in poverty reduction by reducing the risk of financial crisis and their impact on the global poor. It achieves significance because the scope of globalisation has reached almost every single country. It helps in creating investor confidence by improving investment climate, eradication of loopholes affecting direct and indirect investments. Its helps by eliminating barriers on free movement of market information and sentiments. It assists local governments to implement taxation regulations and also unwanted barriers to trade. Despite the advantages of having international standards for financial reporting, it is quite evident that certain factors act as a barrier to accounting standards. For e.g. the UK banking sector has been in the forefront of this conflict between the international standards and the national standards. Lets very briefly look at two such regulations that will have an impact on the banking sector the Basel II capital accord and International Financial Reporting Standards (IFRS), which apply to all companies listed in the EU.15 Basel II requires banks to link their capital to risk. It is likely to have consequences on all types of lending to SMEs and large companies. Despite the advantages in terms of better risk management and accurate pricing of loans, the complexity involved in switching will cause some problems. The eventual replacement of UK GAAP with the IFRS comes with the complexity of changing over, cost involved and bad debt provisions. According to an article published in the Business Money magazine by Mr. Mike Imeson, the HSBC bank incurred $ 400 million in expense to bring regulatory changes in accounting standards world over in 2003. Similar sentiments were expressed by Mr. Stephen Pegge, Lloyd TSB in this article by saying that when a business approaches you for a loan, you wont know for certain which legislation applies .16 Considering the above statements, it is essential to look at national concern towards the development of an international standard on financial regulation. It is true that it will improve investment opportunities by elimination of unwanted barriers and it is also likely to create expenses that may prove as a hindrance to an already volatile and underdeveloped financial systems in most countries. As Mr. Pegge puts in, it will create confusion in the mind of investors and lenders as to what legislation applies and bureaucratic delays in understanding and applying them. 5.0 Conclusions In the preceding chapters, we have seen the importance of financial analysis in investment choice and decision making. The ratio forms a very important aspect in making financial choices and also acts as a medium for companies to assess their business performance. Financial analysis of these ratios influences the interests of various groups of individuals and organisations such as Individual shareholders, Employees, Managers, Directors, Governments. Considering these interest groups and affects on each of these entities, the need for an international framework for accounting standard has being increasing felt. It acts as a medium of information for the investors who would assess the basis for making further investments and also to see how well the company is performing. The managers stand to benefit as their remuneration and income are directly linked to the company performance. The governments policy towards economic development and need for further reforms are based on these financial analysis and financial statements. It forms the basis for taxes on trade and tax benefits and exemptions. While the importance haves been highlighted, it is also essential to note that drawbacks are not ignored. As Mr. Pegge points out there must be a clear understanding of the legislations and it must work towards reducing costs rather than increasing it. To conclude, financial reforms and regulations are an essential component in todays global economy. Financial statements must as an informative source free from manipulations of date and figures. References and Bibliography Chartered Institute of Management Accountant (CIMA), (2005 Edition), Financial Accounting Fundamentals Paper C2. Chartered Institute of Management Accountant (CIMA), (2005 Edition), Management Accounting Fundamentals Paper C1. Annual Report, 2004, The EMI Group. Annual Report, 2004, The Sandvik Group. Internet Sources: The EMI Group www.emigroup.com/financial.html The Sandvik Group www3.sandvik.com/pdf/annualreports/sandvik2004_eng_web.pdf Vercor The Global Resource for Business, Sales, Merger and Acquisitions www.vercoradvisor.com/articles/companyscore.html Bank for International Settlement www.bis.org/speeches/sp020227.htm BusinessMoney.com http://www.business-money.com/features_mike_imeson_jan05.html Ventureline www.ventureline.com/SampleOneIndustry.asp