Thursday, December 26, 2019

Critical Analysis Of Table Talk - 1503 Words

Alexandria K Abbrat October 1, 2017 Dr. Richard Joines ENGL 3000 Of Table Talk and Transcending Societal Constraints to the Nothing That There Is As defined in the Merriam-Webster Dictionary, table talk is informal conversation at a table or during a meal; so, from the title itself the irony with which Stevens writes is seen when he makes something that is normally seen as shallow and casual into the deeper and more serious thing that Table Talk seems to be. This poem speaks to the brevity of human life and how humanity as whole reads too much into what we do and what we are, when, in the end is all nothing. What then? What more? It is foolish to try and pick apart the whys behind every motive and desire in this existence. We have but†¦show more content†¦The casual way he writes about death, as an inevitable eventuality is seen all throughout Stevens poems and while brief here, it is important to note that it points to death being â€Å"for good† an end to all things which makes the here and now much more important and relevant. He questions the why, â€Å"Why / Do I happen to like† he wonders, these colors being things he liked. That is of course a question that resonates with all people, of why, why are things they way they are? In Adagia, Stevens says, â€Å"There is nothing in life except what one thinks of it.† That rings in this curious desire to know why but not placing all importance on it as the world is what we see in our own versions of reality. The imagery of the colors Stevens uses are ones that inspire life, â€Å"red bush,† the â€Å"grey grass,† and the â€Å"green-grey sky†. Red is a color of passion, perhaps speaking of the things a person loves in their lifetime, the grey alluding to the everyday, and speaking of the sky he might be thinking of a person’s dreams and aspirations. The overall mood of this poem is a gentle instruction on how to think while also being one of indifference so as not to tell one what to do. â€Å"That is not what I said;† Stevens makes the point, that he does not say these things to tell us he likes these colors best of all but that these are the ones he likes and that is why it matters, even asShow MoreRelatedSwot Analysis Of Mcdonald s Australia Holdings1552 Words   |  7 PagesSWOT analysis of McDonald’s Australia Holdings 1. Executive analysisAustraliaï ¼Å¡SWOT analysis of McDonald’s Australia Holdings ä » £Ã¥â€ â„¢ This report intends to evaluate the external and internal environment of McDonald’s Australia Holdings, in which new product is to be realized and defining strategies appropriate to its realization. In this report, it will analyze the external and internal environments (SWOT) of the McDonald’s Australia Holdings, which includes the strengths, weakness, opportunities andRead MoreCritical Analysis Of Communication Styles And Skills1169 Words   |  5 PagesRESEARCH REPORT ON CRITICAL ANALYSIS OF COMMUNICATION STYLES AND SKILLS OF BRIAN KRZANICH SUBMITTED TO: Dr Preetinder Kaur SUBMITTED BY: Jitender Singh 30305257 S.No. Table of contents Page no. 1 Executive summary. 3 2 Introduction to the report. 4 3 Introduction to the Brain Krzanich 4-5 4 Analysis of communicationRead More12 Angry Men Analysis909 Words   |  4 Pages Juror #3 is the the critical thinker who tries to look at details and stresses the importance of the facts while Juror #8 is his counterpart on the side of voting not guilty. Both men use the most cogent critical thinking of any member of their respective sides and the analysis that they bring to the table become the backbones of the two respective arguments. Before we can look into the arguments themselves, we must define what cognet critical thinking is. Cogent critical thinking is looking atRead MoreThe And Benefits Of The Belbin Theory1353 Words   |  6 Pagesteam’s accomplishments. Forming: This is when a team is established, people get to know each other within the team and a team leader is chosen to take the lead. Storming: At this point the teammates will start to bring their ideas to the group and talk about the methods of how to tackle the work to be done. People will be given responsibilities and some will oppose. This is a very important step because people will begin to understand the ability of each individual, self esteem as well as resentmentRead MoreGender: Annotated Bibliography Essay1480 Words   |  6 Pages Mills, S. (2012). Gender Matters: Frminist Linguistic Analysis. London : Equinox. Gender Matters is a collection of various essays on feminist linguistic texts analysis, by Sara Mills. Mills develops methods of analyzing literary and non-literary texts, in addition to conversational analysis based on a feminist approach. The author draws on data from her collection of essays gathered over the last two decades on feminism during the 1990s. The essays focus on gender issues, the representation ofRead MorePeripheral Intravenous Infusion For Medications, Fluids, And Nutrient Administration926 Words   |  4 Pagesof Research Rigor Scientific rigor in quantitative research helps determine a study’s validity by examining the quality of the research (Claydon, 2015). This can be done by using critical appraisal checklists – which will be done with each article used in this SRR. There are different checklists available, Critical Appraisal Skills Programme (CASP) being one of them. It provides checklists for different types of articles to help determine an article’s validity. CASP Randomised Controlled TrialRead MoreDescribe Famoso s Positioning Through High Quality Product1053 Words   |  5 PagesFamoso, s marketing strategy focuses on guest experience in the restaurant, or what the company calls â€Å"four walls marketing.† It emphasizes marketing inside the restaurant, as the hour-and-a-half to two-hour consumer experience in the restaurant is critical to the success of Famoso. Question 2 Which segment is Famoso Neapolitan Pizzeria targeting? Why do you think this?   †¢ Famoso Neapolitan Pizzeria is targeting millennial crowd on the Go or the group in the range of 19-34 yearsRead MoreThe Idea For Blooms Taxonomy1699 Words   |  7 PagesComprehension 3) Application 4) Analysis 5) Synthesis and 6) Evaluation. (Bloom et al., 1956 p. 18) These six classifications comprise a tiered learning system that teachers used to push students through when implementing an instructional model based on the Taxonomy of Educational Objectives in the OW. Each classification level presented a higher amount of rigor, which required students to think more critically. (McKay, 1956) The OW of Bloom’s taxonomy suggested that critical thinking and higher orderRead MoreKrispy Kreme Company Analysis and Evualtion1670 Words   |  7 PagesRunning Head: COMPANY ANALYSIS AND EVULATION PROJECT Company Analysis and Evaluation Project Krispy Kreme Doughnut, Inc. By Todd E Mandley For Dr. Manny Jose, BUSI 601, Accounting for Decision Making Liberty University Table of Contents Title Page †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1 Table of Contents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 Organization Description†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 SWOT Analysis chart†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 Balanced Scorecard chart†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreIndustry Analysis Of Education Sector1431 Words   |  6 Pages Industry analysis of education sector in the emerging Global Industry Table of contents 1.0 Introduction 2.0 key features 3.0 challenges 4.0 interviewees comments 5.0 conclusion 1.0 Introduction: Education is now emerging as a recognised global industry, because education plays a major role in the economic development of any country. As this global industry continues to mature, many factors have combined to make this as a generation opportunity. As John Dewey who is known as the â€Å"father

Wednesday, December 18, 2019

A Brief Note On Multiculturalism And Culture And The...

1. Describe the meaning of multiculturalism in your own words. In this essay the emphasis is to be on culture and the different variations of how cultural categories are separated and defined. The primary focus is that of multiculturalism. Multiculturalism, as defined by Merriam-Webster is â€Å"relating to or including many different cultures†. It is multicultural in adjective form. I find this interesting because an adjective is something that doesn’t stand alone, it needs a helper to make it become what it is intended to be. I define multiculturalism as a group of different cultures that must exist together to create a society a cohesive unit. It has to exist in order for society as a whole, to exist and progress. I don’t believe a single†¦show more content†¦Those countries that had not begun to experience any significant social cultural evolution at a rate that this country was beginning to experience saw this country as an opportunity. The United States, even in its, beginnings, had multiculturalism. The act of bringing slaves into the country, bought with it other cultures and subcultures with it. Even to this day, we continue to evolve culturally on many levels. With the arrival of new cultures and also with the evolution of sub cultures within our country. With the addition of these cultures come different values (as cited in Macionis, 2008). 3. Why is multiculturalism a controversial issue for some people? Multiculturalism is an issue for many people. Not just people of this country but others as well. Because it is believed and in reference to the Applying Theory of Culture Table(page 62, chapter 2), the idea that â€Å"Culture is a system of behavior by which members of societies cooperate to meet their needs.†, human nature, in some people’s view, is a behavioral response to a person’s situation. If they live in a culture that was in poverty and stealing was a way of survival, of meeting their needs, than that behavior would be carried with them regardless of where they were physically positioned. An example is that, when Mexican begin migrating in large numbers into southern California, they begin to move into communities. For some, it was a cultural habit to hang clothes lines or

Monday, December 9, 2019

On The Waterfront Essay Example For Students

On The Waterfront Essay Word Count: 523Terry Malloy as a HeroWhen Terry Malloy was first introduced, he did not make any indications that he would strive for the respect that he gained throughout the story. His tough-guy behavior and compassionate attitude has made him what he is: a hero. He never revealed what he was truly made of or what he was capable of. He always had low self-esteem about himselfrepeatedly calling himself a bum. Despite his stubbornness to change and his ignorance to others, Malloy proves himself by doing what he knows is right to be a true hero. Throughout the whole film, Malloy displayed himself as a bum. He rarely works, and he is a has-been boxer. Others occasionally criticize him about his boxing career; explaining to him that he was no good. Because a lot of the criticism got to Terrys head, he was unable to associate with others. This proves so with the relationship he has with Edie Doyle. He is barely able to hold the relationship with Edie, even though she is the one whom Terr y loves so much. Up to this point, Malloy does not display himself as a hero, or even close to being one. On the docks work was on a first come first serve basis. Friends of the mob was given good easy jobs while the other work tokens were thrown on the ground and the men would fight for them. Characters The main character is Terry an ex semi-professional boxer who became friendly with the mob during his career. He is a common unintelligent man (typical of his town) that unlike his brother quit school. He was the man that helped the mob kill a good man in the opening scene by distracting him to come onto the roof and check out his pigeons (Symbolic). His brother keeps the mobs papers. The Antagonist is the mob boss named Johnny who blames poverty for causing him to transform into a crook and murderer. It is either make no money or make money. They live like animals in a Social Darwinism. The other main actor is the sister of the murder victim named Iddie. She comes from a totally sheltered life, growing up in a catholic school raised by nuns. She refuses to return to school because she wants to face a real problem, not just read about them. She also wants to find out who killed her brother. The priest plays the role of the godly guiding force that directs the characters to tell the truth and to stand up to the evil forces of the mob. They wont be beat by saying silent he rallies them to stand up. He also directs Terry do confess to Iddie about her brother. Final Outcome After truly listening to the priests speeches and looking around his town a realizing that staying quiet is not going to get anyone any better conditions. He truly came to grip that he was a nothin g because of the mob and everyone else was also being held down because of this. He could have been a champion boxer but he fell because of the mobs bet. After thinking about the outcome he decided to confess to the c..ase of Iddies brother and to come forward and be a witness to all the injustices that were done to the innocent people of Waterfront. Now that he became the pigeon and sang everyone in town no longer knew him or talked to him he was an untouchable. The next day at the docks the mob mentioned that today everyone would be given a chance to work and no more fighting over tokens. All workers were given jobs but him. He went to meet Johnny and to let him know what he felt. In front of all the others town workers he told Johnny and his gang that he was happy about his confession and he is proud that he is talking their fists off of innocent peoples back. Then a fight started and the workers wanted to join in yet their fear was still set in. While

Monday, December 2, 2019

The Scarlet Letter and Sigmund Freud free essay sample

Sigmund Freud believes the attributes of the unconsciousness in the human mind are the Id, Ego, and Superego. All humans have these characteristics, but one may be more prominent than another. The Id is the impulsive selfishness of the human mind. The Superego is the moral, rational part of the mind. The Ego mediates between the selfishness and the rational thoughts in humans. In the novel The Scarlet Letter by Nathanial Hawthorne, each character represents one attribute. Even though Hester Prynne sinned, her moral behavior afterward represents the Superego; Roger Chillingworth’s selfish behavior shows the Id, and Pearl, who mediates the impulsive and rational thoughts of Hester Prynne and Author Dimmesdale, represents the ego. Hester’s behavior after her sin is saintly. Hester gives to the poor and less fortunate even though she is considered the worst sinner and most unfortunate out of everyone in the town. She â€Å"bestowed all her superfluous means in charity, on wretches less fortunate than herself, and who not infrequently insulted the hand that fed them† (Hawthorne 97). We will write a custom essay sample on The Scarlet Letter and Sigmund Freud or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Hester continually gives to the poor even when they don’t appreciate that she is helping them and they only judge her for her sin. The moral act she did was charity when she could have done a different job where she would not be insulted for doing well in the community. Another reason Hester is moral is because she begged Chillingworth to punish her instead of Dimmesdale. She believes Dimmesdale has suffered too much and she would rather suffer than watch Dimmesdale suffer. Hester impulsively tore off her the scarlet letter from her bosom because she wanted to be free of her sin. A moral person who commits a sin and wears the Scarlet Letter acknowledges their sin and will never truly feel moral. By ripping off the Scarlet letter, Hester hoped to get rid of her sin. By riding herself of her sin, she can become the person she hopes to be. Roger Chillingworth’s selfish and impulsive acts symbolize the Id. Everything Chillingworth does is to punish the co-sinner, Author Dimmesdale. He finds pleasure in the sinner’s internal pain and punishment. He would not listen to the moral and rational thoughts of Hester telling him he has tortured Dimmesdale enough and therefore should receive penance. Chillingworth’s response to the moral thought was â€Å"No! No! He has but increased the debt! † (Hawthorne 206). By saying that Dimmesdale has increased his debt, he represents the Id because it shows that he is selfish. The rational thoughts of Hester are telling him to not be cruel and continue to torture Dimmesdale. Chillingworth ignores any rational thoughts and focus only on the pleasure of making Dimmesdale suffer to make him pay for the sin he committed. Little Pearl, who sees the Id and Superego in her daily life, controls the impulsive, selfish behaviors and the moral, rational behaviors; she represents the Ego. When Pearl, Hester, and Dimmesdale were in the woods, Pearl acted as Ego for Hester when she ripped off the Scarlet Letter. When Pearl discovered that her mother was no longer wearing the Scarlet Letter, Pearl reacted by a â€Å"wild outbreak with piercing shrieks, which the woods reverberated on all sides; so that, alone as she was in her childish and unreasonable wrath, but stamping its foot, wildly gesticulating, and in the midst of all, still pointing its small forefinger at Hester’s bosom! † (Hawthorne 251-252). By throwing a temper tantrum, she was telling Hester that she has not served her penance for her sin and that she does not deserve to have the Scarlet Letter removed. Pearl making Hester act on what is right and not act by doing what she wants. Pearl is acting as Hester’s moral compass. Each character in The Scarlet Letter represents the psychological view of the human mind. After Hester sins, her behavior becomes saintly. She represents the moral and rational Superego. Chillingworth’s impulsive and selfish behavior towards Dimmesdale represents the selfish wants of the Id. Pearl controls the moral and selfish behaviors and thoughts of Hester. Pearl represents the medium between good and evil. She symbolizes the Ego. The three psychological attributes are present in all human minds, but in various degrees.

Wednesday, November 27, 2019

The Rocky Horror Picture Show as an Enduring Pop Cult Classic essays

The Rocky Horror Picture Show as an Enduring Pop Cult Classic essays For years, with its phenomenal success as a midnight movie, The Rocky Horror Picture Show has made "don't dream it, be it" the motto for its ever-growing cult audience. The film continues to be regarded by critics and audiences as the only no-holds-barred, ultimate theatre experience, which has seemingly drawn a repeat audience of cult film followers year after year. More than just a movie, The Rocky Horror Picture Show (RHPS) has become a community, a loud, profane, exuberant collection of cult film freaks: the beautiful, the creative, the lovers and the lost. Despite its first success as a play and then initial failure when produced as a mainstream film, RHPS has become a successful paradigmatic cult classic due to its strange and unusual theatrical exhibition and the film's blend of thematic, visual and verbal elements, which parody accepted societal conventions. According to the RHPS Anniversary Commentary, a young actor by the name of Richard O'Brien originally wrote RHPS's musical predecessor, The Rocky Horror Show. After performing small roles in the films Carry On Cowboy and Casino Royale, O'Brien landed roles in the musicals Hair and Jesus Christ Superstar and made one disastrous yet fateful performance in each. Although he did not succeed in either of the shows, O'Brien had the opportunity to present his rock musical entitled "They Came From Denton High" to Jesus Christ Superstar's director Jim Sharman. Through Sharman, a solo acoustic tape of O'Brien singing the future RHPS opener "Science Fiction, Double Feature," came across the desk of independent theater producer Michael White. White became fascinated with the tape and story concept and agreed to sponsor the production as a small experimental stage production at London's Royal Court Theatre Upstairs. O'Brien spent countless hours in movie houses watching the tasteless thrillers which would later inspire him to write The Rocky Horror Show. The play was base...

Saturday, November 23, 2019

Mermaid Purse vs. Skate Case

Mermaid Purse vs. Skate Case Perhaps youve found a mermaids purse on the beach. Mermaids purses blend really well with seaweed, so you may also have walked right by one. Upon further investigation, you can learn more about what they are. The enchantingly named structures are the egg cases of skates and some sharks. This is why they are also known as skate cases. While some sharks bear live young, some sharks (and all skates) release their embryos in leathery egg cases that have horns and sometimes long tendrils at each corner. The tendrils allow them to anchor to seaweeds or other substrates. Each egg case contains one embryo. The case is made up of a material that is a combination of collagen and keratin, so a dried egg case feels similar to a fingernail.   In some areas, such as in the Bering Sea, skates seem to lay these eggs in nursery areas.  Depending on the species and sea conditions, the embryo may take weeks, months or even years to fully develop. When they hatch out of one end, the baby animals look like miniature versions of their skate or shark parents.   If you find a mermaids purse on the beach or are lucky enough to see a live one in the wild or in an aquarium, look closely if the developing skate or shark is still alive, you may be able to see it wiggling around.  You also may be able to see it if you shine a light through one side. The egg cases on the beach are often light and already opened, which means the animal inside has already hatched and left the egg case.   Where to Find a Mermaids Purse Mermaids purses usually get washed or blown to the high tide line of the beach, and they often get wrapped up in (and blend in well with) seaweeds and shells. As youre walking along the beach, walk in the area where shells and ocean debris seems to have washed up, and you might be lucky enough to find a mermaids purse. You may be more likely to find one after a storm.   Mermaids Purse Identification Found a mermaids purse on the beach and want to know where it is from?  Skate and shark species vary by region, but there are some identification guides out there for you beachcombers wanting to identify your finds. Here are the ones Ive found so far: Egg Cases of Alaska (great pamphlet about where baby skates come from)Shark Trust Egg Case Identification Key (UK) Conservation Factors To learn about population sizes and reproduction, some organizations have launched citizen science efforts to have people report and send in egg cases they find on the beach. Click on the links below for more information on reporting mermaids purses that you may find. The Great Egg Case Hunt (Shark Trust, UK)Marine Dimensions (Ireland) References and More Information Florida Museum of Natural History. Shark Biology. Accessed February 28, 2015.Florida Museum of Natural History. Ray and Skate Biology. Accessed February 28, 2015.Shark Trust. The Great Egg Case Hunt Project: Frequently Asked Questions. Accessed February 28, 2015.Weis, J. S. Do Fish Sleep? Fascinating Answers to Questions About Fishes. Rutgers University Press. 217pp.

Thursday, November 21, 2019

PEST Analysis of Pizza Hut Inc Essay Example | Topics and Well Written Essays - 2750 words

PEST Analysis of Pizza Hut Inc - Essay Example A PEST analysis has been conducted to assess the international marketing environment of the firm. The next section covers the international promotional decisions the firm makes to be a global brand. Pizza Hut’s international market entry strategies are covered in the next portion which illustrates how it assesses the market before it enters it so that it can modify itself accordingly. The international segmentation strategies are then highlighted to show how the firm segments its international market. Lastly, the market research methods of the firm are discussed to show how the firm understands the market it enters and survives in. Pizza Hut and other fast-food chains like McDonald's have been accused of causing obesity due to their calorie contained products which are making nations fat and it seems like the issue will be a national issue and concern (BBC, 2007). Legal actions have been taken against competitors like McDonald's, however, Pizza Hut has been saved from the nega tive image building for now, however, it will have its trickle-down effect and soon legal actions would be taken against the brand too(Dev and Don, 2005). To avoid this, the firm is incorporating healthier meals in its menu which are less in calories but it has not been able to do it on a large scale. However, for now, governments have not been involved to put legal restrictions on fast-food chains but this is becoming increasingly likely and the firm should take action to protect itself. The strategy of introducing healthy meal options should be applied globally so that the firm can be proactive and be saved from government restrictions and legal involvements (BBC, 2007).

Tuesday, November 19, 2019

Writing a Prospectus Essay Example | Topics and Well Written Essays - 750 words

Writing a Prospectus - Essay Example nt presents a short and snappy statement, which is backed up with literature and whose aim is to make clear the problem that makes the study worth to be conducted. The problem statement is followed by research questions, which are designed to express what the researcher is intending to achieve. The significance of the study provides back up on why the problem statement as well as the aim of the study is important. The conceptual framework is simply the theoretical foundation upon which the topic resolves - this further provides support for the topic. The researcher also formulates limitations and assumptions. Limitations define the factors that the researcher has no control over, such as resources and time. The assumptions are those issues that the researcher assumes so the research can be conducted within the relevant context. Towards the end of this chapter, it is important for the researcher to provide a definition of key terms, which are used in the rest of paper so the reader can understand them well (Cone & Foster, 2006). Review of the literature is usually the second chapter of the dissertation. It is in this chapter that the author writes what other theories, experts and researchers, among others; have written regarding the subject in question. Among the issues that should be covered in this chapter include the dependent and independent variables of the study, issues of measurement as well as a variety of alternative viewpoints. What is covered in this chapter must be congruent with the research questions and the aims of the study (Cone & Foster, 2006). This chapter in concerned with the methods of the study, which are used to help the researcher address the problem being investigated and answer the research questions raised in chapter one, as well as assist in testing of the hypothesis. In addition, the researcher is obliged to report on the population and sample of the study in this chapter. Specifically, the researcher must point out the technique

Sunday, November 17, 2019

The Letter of Paul to Romans Essay Example for Free

The Letter of Paul to Romans Essay Romans is the longest and most theologically significant of the letters of Paul. It can be described as a tractate letter, one that is composed of a theological argument or series of arguments. A letter essay as it may be, it was received by the people of the church at Rome who were mostly Gentiles. Paul, as the author of the letter to Romans, must have written the letter in Corinth. This is most likely on the near end of his third missionary journey. While there is no certainty of the date in which the letter was written, A. D. 57 is the best alternative. Preparing his way for his planned mission to Spain, Paul might have written his letter for the particular reason of asking for support from them. Yet he also presented his matured views on the issue between the Jews and Gentiles and the law and gospel. In addition, he set forth a teaching on a basic system of salvation that Rome had not received from an apostle ever since. In his letter, Paul explained why it is necessary for God to manifest His righteousness and that humankind can experience this righteousness only by faith. All have sinned and cannot be brought into a relationship with God by mere good works. God alone can change this by the sacrifice of Jesus Christ. Through Him, we can be justified before God and this justification can be gained only by faith. Justification means being blameless to God and this can be achieved by having faith in Jesus Christ. Through Christ, we can be freed from the bondage of sin and hence, sin can no longer dictate our actions, decisions, and our very lives. This is the power of God for salvation shown through the gospel to us. Paul, as well, emphasized that even though God had made a covenant to the Jews, being born as a Jew does not mean that they are automatically saved. It is their shortcomings to accept God’s righteousness that is to be blamed. Also, Gentile Christians (including us since we are not Jews) are not to boast and be arrogant on this matter for it is from Israel that salvation has come. Thus, we are ought to respect each other and humble ourselves down. The Christian is to serve God, as stimulated by His grace, by putting on the armor of light. This means that we must leave behind the deeds of the darkness and that we shall not grant the desires of our sinful nature. We are also ought to love others as ourselves no matter how unlovable they are for Jesus Christ died for them as well. Though free from the law, we still have to submit to the government because God has delegated His authority to them too. In this modern era, many circumstances might hinder us from doing good works. Yes! It is through faith that we are saved but faith without works is dead. Therefore, our lives must reflect on whom we put our faith in. Whatever this contemporary world throw at us, we must stand firm in our faith and even in our actions. Furthermore, do not let good works do the saving rather, mix it with faith and allow God to do the work of salvation. As the saying goes, walk by faith and not by sight.

Thursday, November 14, 2019

Alexander Pope Essay on Man :: essays research papers

Alexander Pope was born May 21, 1688, in London. His father was a cloth merchant living in London, both his parents were Catholic. It was a period of intense anti-Catholic sentiment in England, and at some point Alexander's family was forced to relocate to be in compliance with a statute forbidding Catholics from living within ten miles of London or Westminster. They moved to Binfield Berkshire where Pope's early education was affected by his Catholicism. The Catholic schools were illegal but, they were allowed to survive in some places. Prior to his move to Binfield Pope spent a year at Twofold, where he wrote "a satire on some faults of his master," which led to him being whipped and beaten until he became ill. Then once again he was taken from his family. Alexander went to study with Thomas Deane, a convert to Catholicism who lost his position at Oxford as a result of his religious beliefs. After the Pope family moved to Bin field Alexander became self-taught. Pope's disease apparently tuberculosis of the bone became evident when he was about twelve. Later in Pope's life, Sir Joshua Reynolds described him as "about four feet six high; very humpbacked and deformed. Pope was also afflicted with constant headaches, sometimes so severe that he could barely see the paper he wrote upon, frequent violent pain at bone and muscle joints shortness of breath, increasing inability to ride horses or even walk for exercise. William Wycherley, impressed by some of Pope's early poetry, introduced him into fashionable London literary circles in 1704. Public attention came with the publication of Pastorals in 1709. The Rape of the Lock helped secure Pope's reputation as a leading poet of the age. Pope moved Twickenham in 1717 there he received visitors just about everyone, attacked his literary contemporaries although notable exceptions were Swift and Gay, with whom he had close friendships and continued to publish poetry. He died May 21, 1744 at Twickenham Village. He wrote a poem called the Essay of a Man in 1733-1734) Pope examined the human condition against Miltonic, cosmic background. Although Pope's perspective is well above our everyday life, and he does not hide his wide knowledge, the dramatic work suggest than humankind is a part of nature and the diversity of living forms each beast, each insect, happy in its own.

Tuesday, November 12, 2019

Examining “Don’t Eat This Book” Essay

Morgan Spurlock’s book is an outstanding indictment on people’s eating habits and a marginally effective indictment of the big food industry. The reason for this â€Å"half and half† success is that while Spurlock does properly show that people are guilty of making poor decision that lead to obesity, he falters when he tries to place a large volume of the blame of the â€Å"Big Food† industry. While Big Food is definitely not the friend to people looking to lose weight as the Big Food industry places an amoral desire to boost profits at the risks of health, the bottom line is (and always will be) Big Food loses all its power when people cease to consume and people simply refuse to cease consuming. Spurlock does point out that there is only one method designed to lose weight: reduce calorie consumption either by reducing the amount that is eaten (a decent idea), increasing exercise (better idea), reducing food consumption and replace the bad food that is consumed with high quality food while increasing one’s activity level (the best plan of action). Spurlock confronts people with their decided lack of exercise and challenges people to get up and move! He also confronts people with their food choices. Where Spurlock succeeds magnificently is he enlightens people who may be somewhat confused as to why they cannot lose weight even though they follow fad diets and cut back on their consumption. By pointing out to people that most fad diets are designed to drop water weight and fool people into thinking they lost fat as well as pointing out that eating food high in sugar and fat means higher calories, Spurlock shifts people’s focus on where it belongs when it comes to diet. Their focus belongs on the basics: proper diet and exercise is the cure. Spurlock also successfully points out the reason why fast food is a surefire path to obesity because the processed nature of such food is a â€Å"recipe† for disaster. In a very interesting sidebar, Spurlock shows the sociological reasons why Big Food became as powerful as it is and how deceptive marketing leads to consumption. However, where Spurlock falters is in the silly belief that my regulating Big Food will yield results. To support his philosophy on this, he compares big tobacco to big food. On the surface, the comparison makes sense because emotionally we wish to see Big Food punished. When we think about the situation logically, we realize that the fault lies not in big food but in ourselves. The comparisons between Big Tobacco and Big Food are compelling on an emotional level, but there are some flaws in terms of the logic. Big tobacco was far more complicit in perpetrating a deadly fraud on the population as opposed to Big Food that merely cut corners that yield a higher fat and sugar content. That is, Big Tobacco knew full well that cigarettes were addictive and the tobacco companies also knew that cigarettes caused cancer, heart disease, etc. To make a bad situation worse, Big Tobacco companies increased and manipulated the levels of addictive nicotine in cigarettes in order to â€Å"hook† smokers. Eventually, the lie was exposed and the number of cigarette smokers in the United States has dropped from 54% of the population in 1964 to less than 25% today. When the truth about cigarettes was discovered, the sales of cigarettes declined dramatically. With Big Food, the truth was never hidden and when confronted with the truth, no one cared and the consumption continued. When it comes to Big Food, the problem of obesity not only lies in the fact that refined and artificial sugars, flavors and fats, all of which were designed to lower costs and increasing profits. The ancillary result of this is that calories will dramatically increase when natural products are replaced with refined products. This DOES NOT mean that the natural products are safe! Brown sugar and saturated fat are high in calories and will lead to obesity much in the same was as refined sugar and trans fat will. Furthermore, no one is so naive to believe that McDonald’s food will not make a person fat nor is anyone naive enough to believe it is healthy. Spurlock attempts to use the case of the two overweight girls in NYC as an example of how big food should be sued in the same way that big tobacco was sued due to complicity in the health problems of smokers. The case of the overweight girls was thrown out of court and for good reason: the girls were STILL overweight when the case was filed. They had never reeled in their food consumption habits and were looking to blame someone for their problems. Spurlock attempted to portray these girls as martyrs and it simply doesn’t work. As a sociological look at the over consumption of food and as a common sense approach to diet and weight loss, Spurlock’s tome is outstanding. As an indictment of the Big Food industry, it is only partially successful. Overall, it is a classic study of human nature that only comes along one in a generation. SPEECH There is an inherent problem that is part of human nature. That problem is the concept that if something brings pleasure, then it must be consumed. There is also another item that is part of human nature. That item is logic and reasoning. By logic and reasoning, we understand that something feels good because in our own minds, we make it feel good. We also understand that within our own minds, we define certain feelings as negative. The problem is that we accept things that feel good for the moment that lead to much misery and pain in the long run. Over consumption of food will make a person feel good for the 15 minutes that it takes to consume an abominable meal at a McDonald’s. When we over consume like this three times a day, seven days a week, we derive a combined amount of pleasure that equals less than four hours. The remaining hours in the weeks, months, years are left with the pain that comes from the obesity derived limitations on our social lives, our physical well being and our mental health. When a person stops to think about it, that isn’t pleasure at all. The consumed food is a mere diversion from a life that is ultimately limited and a limited life is a miserable one. What Mr. Spurlock points out is that if we stay away from the diet pills, stay away from the fad diets, refrain from feeding the Big Food machine with out dollars and cents, we can ultimately live a life that is free from the shackles of obesity. However, what we ask here is something that only a mature adult will understand and children are not mature adults. When a child grows up ingesting food that will ultimately make them sick, the adults who allow such things must be held accountable. Whether it is parents or school officials, there needs to be an external pressure designed to be sure that they place the welfare of the children taking the easy way out. As adults, as Mr. Spurlock shows, it is our responsibility to make the younger generation understand that the pleasure they receive from sugar rushes or the effect laboratory engineered trans fat has on the tastes buds is not real pleasure as it is a transitory gateway to a very limited and miserable life. We must educate and we must pressure and we must be successful at this or the negative cycle that has enveloped young children since the early 1970’s will be an unbroken cycle. Work Cited Morgan Spurlock, Don’t Eat This Book, New York: Putnam’s Sons, 2005.

Sunday, November 10, 2019

Accountancy 2258

Written Macro Assignment Solutions True/False Questions. Read each statement carefully, and neatly write the word TRUE on the line next to the statement if you believe the statement is true, or neatly write the word FALSE on the line next to the statement if you believe the statement is false. FALSE1. Do†¦Loops are used in macros to repeat lines of code a specified number of times. TRUE2. The area where macro code is displayed in Visual Basic is called the Code Window. TRUE3. A macro name is not required when creating a private macro. TRUE4. When declaring a variable, Dim stands for â€Å"define in memory†. FALSE5.Objects, Variables, and Actions are used to write macro code. TRUE6. One way to create a new macro is to use Record New Macro. TRUE7. The If†¦Then†¦Else†¦End If code allows code to be conditionally executed depending on whether a specified logical condition has been met. FALSE8. The last line of code for a private macro should be End Private Sub. FALSE9. The formula for a user-defined function must be entered in quotation marks. TRUE10. A public macro/procedure is activated by the user pressing the shortcut keys or clicking on a button. Problems. Read each problem carefully and follow the instructions given. 1.Open up Excel. Go to Cell E9 and use the Name Box to name this cell â€Å"Winter†. Then go to the Developer tab on the Ribbon, and click on the Record Macro button in the Code group. Name your macro â€Å"Referencing† and give it a shortcut key of â€Å"R†. After clicking OK to close the Record Macro dialog box, do the following: †¢ Select Cell C7 using absolute referencing (do not select the Use Relative Reference button). †¢ Using the drop-down arrow to the right of the Name Box, select â€Å"Winter†. †¢ Click on the Use Relative Reference button in the Code group on the Developer tab to use relative referencing, and then select Cell A4. Click on Stop Recording button in the Code group on the Developer tab. After you have performed these steps, view your code in Visual Basic Editor, and answer the following questions: a. What code was written when you selected Cell C7 using absolute referencing? Range(â€Å"C7†). Select b. What code was written when you selected the cell named â€Å"Winter† using the Name Box drop-down menu? Application. Goto Reference:=†Winter† c. What code was written when you selected Cell A4 using relative referencing? ActiveCell. Offset(-5, -4). Range(â€Å"A1†). Select Remember that ActiveCell.Select is the basic format used when writing macro code using relative referencing. Also, please note that when writing out the VBA code to move from one cell to another using relative referencing (as we did above) the Range(â€Å"A1†) portion of the code is not necessary. It shows up automatically (as displayed above) when we are recording a macro and moving from one cell to the next using relative r eferencing, but if you are just writing out the macro code, you do not need to include that portion of the code. 2. Assume Cell B3 is the current cell you are in on your Excel spreadsheet.Write the appropriate VBA code to perform the following: a. Move from Cell B3 to Cell E8 using relative referencing ActiveCell. Offset(5,3). Select Note that I did not include Range(â€Å"A1†) before . Select, as this is not necessary (see my note above). b. Move from Cell B3 to Cell A1 using relative referencing ActiveCell. Offset(-2,-1). Select c. =Move from Cell B3 to Cell J10 using absolute referencing Range(â€Å"J10†). Select 3. Write the necessary code to define a variable in Visual Basic named Age to store whole numbers with no decimal places.Dim Age As Integer 4. Write the necessary code to define a variable in Visual Basic named Expenses to store dollar values. Dim Expenses As Currency 5. Write the necessary code to define a variable in Visual Basic named City to store text values. Dim City As String 6. Write the appropriate code to create a dialog box asking the user to enter their employee ID number. Give the dialog box the title ID. Your code should place the user’s response in Cell A5 on your worksheet. Then create a loop around your code that will loop while Cell A5 is blank.Do Range(â€Å"A5†). Value = InputBox(â€Å"Please enter your employee ID number†, â€Å"ID†) Loop While Range(â€Å"A5†). Value = â€Å"† 7. Assume the employee ID number entered in the above dialog box is expected to be greater than or equal to 1 and less than or equal to 99999. Rewrite your loop so it requires the user to enter a number that is equal to or between 1 and 99999. Do Range(â€Å"A5†). Value = InputBox(â€Å"Please enter your employee ID number†, â€Å"ID†) Loop Until Range(â€Å"A5†). Value >= 1 and Range(â€Å"A5†). Value 9999 and ActiveCell. Value

Thursday, November 7, 2019

Enter to win a pass to the Nonfiction Writers Online Conference or membership in the Nonfiction Authors Association

Enter to win a pass to the Nonfiction Writers Online Conference or membership in the Nonfiction Authors Association Contest Alert! Enter to win a pass to the Nonfiction Writers Online Conference or membership in the Nonfiction Authors Association NOTE: As of April 4, the winners have been chosen! BIG CONGRATS to Lula Lucy at Lulalucy.com for winning a Gold access pass to the Nonfiction Writers Conference, and KUDOS to Carolyn Howard Johnson for winning the Authority Membership in the NF Authors Association for a full year!!!! And thanks for all who entered. Wow well over   200 entries!   DOUBLE NOTE: The conference is May 2-4, and I assume some of you are still interested in attending. If so, use this link to sign up and mention FUNDSFORWRITERS35. Youll get 35% off the sign up fee.   FundsforWriters has teamed up with the Nonfiction Writers Conference and Nonfiction Authors Association to host an EASY contest. Two winners will be selected at random to receive one of two great prizes: A Gold access pass to the Nonfiction Writers Conference, happening May 2-4, 2018 (this event is virtual- no travel required!). Value: $225 Authority membership in the Nonfiction Authors Association for a full year! Value: $190 How to Enter: This is a blog comment contest so all you need to do to enter is post a comment below that answers this question: What are your top three writing goals this year? That’s right, simply answer the above question in the comment area below. Feel free to include your book title if applicable and a link to your website. Remember to include your email address when you register your comment so that we can contact you if you win! This contest will run from March 16 to April 1, 2018. (Winners announced April 3, 2018.) About the Prizes One winner will receive a Gold Access pass to the 8th annual Nonfiction Writers Conference, happening May 2-4, 2018 and featuring opening keynote speaker Gretchen Rubin, New York Times bestselling author of The Happiness Project, Better Than Before, and The Four Tendencies. Event speakers will cover how to write, publish, promote and profit with a book! NFWC is completely virtual- all sessions are delivered via phone or Skype. Your Gold pass includes all event recordings, an invitation to our attendees-only Facebook group, and access to our Ask-a-Pro sessions- complimentary 15-minute consulting sessions with industry experts, delivered via phone or Skype. Learn more about NFWC: http://NonfictionWritersConference.com/register-nfwc-2018/ One winner will also receive a full year of Authority membership in the Nonfiction Authors Association, a vibrant community for writers. Membership includes access to recordings from weekly teleseminars with industry experts, marketing â€Å"homework† sent via email each week, exclusive templates, checklists and other content, discounts off our year-round Nonfiction Book Awards and Nonfiction Writers Conference, and discounts with our partners including IngramSpark, Office Depot and more. Learn more about NFAA:  https://NonfictionAuthorsAssociation.com Additional Contest Guidelines Open to legal residents of the United States, age 18 or older. No purchase necessary, void where prohibited. The Sweepstakes is governed Two winners will be chosen at random to receive the prizes listed above. The specifics of the prize shall be solely determined Enter Below to Win! Post your comment What are your top three writing goals this year? Thanks for joining us- and feel free to share this contest with your writer friends!  Ã‚   C. Hope Clark, Editor, FundsforWriters.com

Tuesday, November 5, 2019

Tips for Teaching Vocabulary to Students with Dyslexia

Tips for Teaching Vocabulary to Students with Dyslexia Building reading vocabulary is a challenge for students with dyslexia, who have a hard time learning new words in print and in word recognition. They often have a discrepancy between their spoken vocabulary, which may be strong, and their reading vocabulary. Typical vocabulary lessons may include writing a word sometimes 10 times, looking it up in a dictionary and writing a sentence with the word. All of these passive approaches to vocabulary will not by themselves help students with dyslexia very much. Multisensory approaches to learning have been found effective in teaching children with dyslexia and there are many ways this can be applied to teaching. The following list provides tips and suggestions for teaching vocabulary to students with dyslexia. Assign each student one or two vocabulary words. Depending on the number of students in the class and the number of vocabulary words, there may be several children with the same word. During class or for homework, students must come up with a way of presenting the word to the class. For example, a student could write a list of synonyms, draw a picture to represent the word, write a sentence using the word or the write the word in different colors on a large paper. Each student comes up with their own way to explain and present the word to the class. All the students with one word stand up and present their word, giving the class a multi-dimensional view of the word and its meaning. Begin with multisensory information on each vocabulary word. Use pictures or demonstrations to help the students see the meaning of a word as each word is presented. Later, as the students are reading, they can recall the illustration or the demonstration to help remember what the word means. Create a word bank where vocabulary words can have a permanent home in the classroom. When words are seen often, students are more likely to remember them and use them in their writing and speech. You can also create customized flash cards for each student to practice vocabulary words. Talk about synonyms and how these words are both the same and different than the vocabulary words. For example, if your vocabulary word is terrified, a synonym might be frightened. Explain how terrified and frightened both mean you are scared of something but that being terrified is being very frightened. Have students demonstrate the varying degrees of being scared to make the lesson more interactive. Play charades. This is a great way to review vocabulary words. Write each vocabulary word on a paper and place in a hat or jar. Each student draws one paper and acts out the word. Give points when a student uses a vocabulary word while talking. You can also give points if a student notices someone, in or out of school, use a vocabulary word. If outside of the class, the student must write down where and when they heard the word and who said it in their conversation. Include vocabulary words in your classroom discussions. If you keep a word bank in the classroom, continue to review it so you can use these words when teaching to the whole class or when speaking individually with a student. Create a classroom story with the vocabulary words. Write each word on a piece of paper and have each student pick out one word. Start a story off with one sentence and have students take turns adding a sentence to the story, using their vocabulary word. Have students choose vocabulary words. When beginning a new story or book, have students glance through the story to find words they are unfamiliar with and write them down. Once you have collected the lists, you can compare to see which words turned up most frequently to create a custom vocabulary lesson for your class. Students will have more motivation to learn words if they help to pick out the words.Use multisensory activities when learning new words. Have students write the word using sand, finger paint or pudding paint. Have them trace the word with their fingers, say the word out loud, listen as you say the word, draw a picture to represent the word and use it in a sentence. The more senses you include in your teaching and the more often you include and see vocabulary words, the more the students will remember the lesson.

Sunday, November 3, 2019

Harry potter Essay Example | Topics and Well Written Essays - 1000 words

Harry potter - Essay Example This story is all about an orphan boy, and unbeknown to him, he is a wizard and very popular in the world of Wizards and is admitted in the well-known magic academy, Hogwarts school of Witchcraft and Wizardry. Harry, whose ten years of life is surrounded in a tiny cupboard under stairs with the very detestable Dursleys and their nasty son Dudley, could never imagine a life full of magic, but all that is about to change when a letter comes through an owl messenger announcing his admission in the great Hogwarts. Once he makes his way into the school, he becomes aware about the reason for his fame – Lord Voldemort, the most feared wizard who is also referred as â€Å"He-Who-Must-Not-Be-Named†. However, the first novel of the whole series mostly shows Harry getting aware of the magic and making friends, nemesis and facing Voldemort for the first time, after getting cursed by him when he was just a baby. As the story evolves one can, to some extent, grasp the few agendas tha t the book seems to be outlining and those are the value of humility and friendship, the dangers of desire and the periodic need of rebellion. Regardless of his surrounding and the people he is dealing with, Harry’s respect and dignity for others is never lost on anyone. Even though he is just a kid, his values and thinking is that of an adult, usually a kid of his age is very naughty, lively, whiny and childlike, but after reading the book and watching the movie one cannot blame him for having any such traits. The value of humility in him can be judged at different turns in the book, for instance, in the academy he is uncomfortable with the popularity and when his potions teacher, professor Snape dubbed him as â€Å"our new celebrity† he gets embarrassed, similarly, when the teacher humiliates him on ignorance of herbs he remains silent, showing respect for the teacher. Interestingly, children often seems to enjoy and take advantage of being famous, but again this is not the case with

Friday, November 1, 2019

Research Method Essay Example | Topics and Well Written Essays - 1000 words

Research Method - Essay Example Inamulhaq (2012) discussed that there are different techniques which can be adopted by nurses and other health practitioners in order to ensure and improve hand washing techniques. One of these methods is health education, and this would necessitate the actual training of the staff in relation to proper hand washing techniques in the clinical setting (Inamulhaq, 2012). The availability of antibacterial soaps was also highlighted as an important means of ensuring the application of hand washing techniques. Moreover, facilities where hand washing can be carried out can also be made available in as many places as possible for the hospital staff (Inamulhaq, 2012). In the paper by Erasmus and colleagues (2010), the importance of action planning, was established as one of the effective ways hand washing among nurses can be improved. Action planning involves active participation in the hand washing process, for example, nurses may list when they are supposed to wash their hands. Covering 17 participants in a pilot study on hand hygiene behaviour, the authors established that where an action plan for the nurses is established before or during the shift, the possibility of ensuring that hand washing is carried out becomes greater (Erasmus, et.al., 2010). The action plan then soon becomes part of the nurse’s routine and the possibility of compliance is significantly improved (Erasmus, et.al., 2010). In the study by Nicol, et.al., (2009) the authors emphasized the theory of planned behaviour. The study revealed that the theory of planned behaviour could sufficiently help improve the education and training of nurses in hand hygiene behaviour (Nicol, et.al., 2009). This study was also able to demonstrate that deep-seated habits which are incorporated well into a person’s activities have a significant potential of improving a certain activity or behaviour (Nicol, et.al., 2009). The theory of planned

Wednesday, October 30, 2019

Human Resource Management for Service Industries Assignment - 1

Human Resource Management for Service Industries - Assignment Example It involves having the total responsibility of maintaining high-quality standards of the selected hotel. The job comes with comprehensive training activities, competitive benefits and handsome annual salary that relies on the market pay ranges. There is an additional monthly bonus. There is also room for personal career growth, as well as enough opportunity for steady progression. As a hotel manager, one is responsible for overseeing the daily operations of the hotel and management of the junior workforce. Also, guarantees that high-quality guest service, as well as the severe quality and cleanliness standards, are unfailingly sustained. One assumes the total ownership of the hotel premises, being able to carry out some minor maintenance and repairs, and ascertaining profitability of the business and that guests are satisfied with the hotel services. As a hotel general manager, one receives various economic and physical benefits. As the hotel industry experiences constant growth, it also provides an avenue for career growth. One also enjoys a fully paid comprehensive training that helps one achieve his credentials as a certified hotel manager. Furthermore, by being hardworking and a display of professionalism one receives handsome rewards with remarkable compensation and benefits. A hotel manager requires an individual with the ability of combining meticulous professionalism with a sociable, convivial and enthusiastic personality. Ones need to be outgoing, well presentable and able to usher in guests into the hotel as it were his home. Also, possess the ability to manage P&L and financials efficiently so as to ensure the continual profitability of the hotel. The employees play a critical role in the success of any business. Therefore, careful selection and recruitment of working personnel is essential for any organization, as well as the hotel industry. In order to get the required applicant pool that is diverse and talented a team

Sunday, October 27, 2019

Analysing equality and diversity in social care

Analysing equality and diversity in social care Equality is about creating a fairer society, where everyone can participate and has the opportunity to fulfil their potential (DH, 2004). It is about identifying patterns of experience based on group identity, and the challenging processes that limit individuals potential health and life chances. For example, occupational segregation. Women make up almost 75% of the NHS workforce but are concentrated in the lower-paid occupational areas: nursing, allied health professionals (AHPs), administrative workers and ancillary workers (DH, 2005). People from black and minority ethnic groups comprise 39.1% of hospital medical staff yet they comprise only 22.1% of all hospital medical consultants (DH, 2005). An equalities approach understands that our social identity in terms of gender, race, disability, age, social class, sexuality and religion will impact on our life experiences. Diversity literally means difference. When it is used as a contrast or addition to equality, it is about recognising individual as well as group differences, treating people as individuals, and placing positive value on diversity in the community and in the workforce. Historically, employers and services have ignored certain differences. However, individual and group diversity needs to be considered in order to ensure that everybodys needs and requirements are understood and responded to within employment practice and service design and delivery. One way in which organisations have responded to the issue of diversity in recent years has been the development of flexibility in working practices and services. For example, an employer may allow an employee to work a flexible working pattern to accommodate child care arrangements, or a GP surgery may offer surgeries at the weekends in accommodate those who work full time during the week. These approaches recognise that in order to be inclusive and equal to all, organisations may need to respond differently to individuals/groups. Therefore, a commitment to equality in addition to recognition of diversity means that different can be equal. Learning outcomes Understand concepts of equality, diversity rights in relation to Health and Social Care. Equality and diversity is becoming more important in all aspects of our lives and work for a number of reasons. We live in an increasingly diverse society and need to be able to respond appropriately and sensitively to this diversity. Learners in the healthcare setting will reflect this diversity around gender, race and ethnicity, disability, religion, sexuality, class and age. Your organisation believes that successful implementation of equality and diversity in all aspects of work ensures that colleagues, staff and students are valued, motivated and treated fairly. Every member of society is likely, at some point, to be a recipient of health and social care. The Department of Health can only achieve its aim of better health, care and well-being for all, by building an explicit commitment to equality, diversity and human rights throughout the health and social care system. All public organisations including the Department of Health and public providers and commissioners of health and social care services have a duty to promote equality. Successfully delivering these duties is a core part of the health and social care systems objective to offer services that deliver high quality care for all. To do this, the diversity of the population has to be recognised, in policy development through to service delivery and patient care, acknowledging the diverse experiences, aspirations and needs of staff, patients and service. The Department of Health and local health and social care organisations continue to take proactive steps to address unequal access and outcomes experienced by some sections of the community. DH is working to ensure the principles and practicalities of fairness, equality, diversity and human rights are a central to the work of the Department. In 2007 the UK established a new single equalities body, to bring together the existing equality Commissions dealing with gender, disability, and race and ethnicity into a Commission for Equality and Human Rights. The promotion and enforcement of equality and diversity is one of the three duties of the new body. This paper briefly explores diversity in relation to the theory of gender equality and also examines developments in policy at the EU level, which has provided much of the impetus for change. Our focus is on the policy approach and the tensions that the policy documents reveal about the emphasis on equality and diversity approach, in particular the extent to which attention to gender issues may get lost in the diversity bundle, and the extent to which a focus on the individual may be strengthened over the group. This page lists some of the guidance materials produced by the former equality commissions and guidance produced by external organisations, who have given us permissi on to reproduce their materials on our site. Understanding how discrimination can impact on individuals lives is essential to prevent potential discrimination within in teaching and learning situations and ensure that you are confident in dealing with discrimination issues if and when they arise. While we can face discrimination because of any of these aspects, it is important that we also identify the links between social identities and individuality and/or a state and situation. Bad treatment can be multi-layered and occur because of: Since 1998 the UK has also included human rights within its legal framework. The Human Rights Act applies to all public authorities and bodies performing a public function. The Human Rights Acts places the following responsibility on your organisation. Organisations must promote and protect individuals human rights. This means treating people fairly, with dignity and respect while safeguarding the rights of the wider community. Organisations should apply core human rights values, such as equality, dignity, privacy, respect and involvement, to all organisational service planning and decision making. The Human Rights Act provides a complementary legal framework to the anti-discriminatory framework and the public duties. The legal context As a clinical teacher you will want to ensure that you understand the legal framework regarding equality, and that you can relate this framework to your everyday role. The UK framework has two elements to it: the anti- discriminatory framework (which gives individuals a route to raise complaints of discrimination around employment and service delivery) and the public duties (which place a proactive duty on organisations to address institutional discrimination). The SEN and Disability Act 2001 extended the Disability Discrimination Act 1995 to education with effect from September 2002. This act requires teachers to explore the provision of reasonable adjustments for students who may have disabilities, including learning disabilities, to enable them to participate effectively. Beliefs are the assumptions we make about ourselves, about others in the world and about how we expect things to be. Beliefs are about how we think things really are, what we think is really true and what therefore expect as likely consequences that will follow from our behavior. Since the last comprehensive review in 1974, the Health Belief Model (HBM) has continued to be the focus of considerable theoretical and research attention. This article presents a critical review of 29 HBM-related investigations published during the period 1974-1984, tabulates the findings from 17 studies conducted prior to 1974, and provides a summary of the total 46 HBM studies (18 prospective, 28 retrospective). Twenty-four studies examined preventive-health be haviors (PHB), 19 explored sick-role behaviors (SRB), and three addressed clinic utilization. A significance ratio was constructed which divides the number of positive, statistically- significant findings for an HBM dimension by the total number of studies reporting significance levels for that dimension. Summary results provide substantial empirical support for the HBM, with findings from prospective studies at least as favorable as those obtained from retrospective research. Perceived barriers proved to be the most powerful of the HBM dimensions across the various study designs and behaviors. While both were important overall, perceived sus ceptibility was a stronger contributor to understanding PHB than SRB, while the reverse was true for perceived benefits. Perceived severity produced the lowest overall significance ratios; however, while only weakly associated with PHB, this dimension was strongly related to SRB. On the basis of the evidence compiled, it is recommended that consideration of HBM dimensions be a part of health education programming. Suggestions are offered for further research. It is important for care workers to promote equality, value diversity and respect the rights of service users. There are various ways of how they can challenge discriminatory issues and practices in health and social care. One of the ways in which care worker can promote equality, value diversity and respect the rights of service users is to always put the patient/service user at the heart of the service provision. This means that the patients individual needs will be met and achieved Human rights are the basic rights and freedoms that belong to every person in the world. Ideas about human rights have evolved over many centuries. But they achieved strong international support following the Holocaust and World War II. To protect future generations from a repeat of these horrors, the United Nations adopted the Universal Declaration of Human Rights in 1948. For the first time, the Universal Declaration set out the fundamental rights and freedoms shared by all human beings. These rights and freedoms based on core principles like dignity, equality and respect inspired a range of international and regional human rights treaties. For example, they formed the basis for the European Convention on Human Rights in 1950. The European Convention protects the human rights of people in countries that belong to the Council of Europe. This includes the United Kingdom. Until recently, people in the United Kingdom had to complain to the European Court of Human Rights in Strasbourg if they felt their rights under the European Convention had been breached. for example; a personal eating plan to a specific individual. Putting the service user at the centre of the provision generally makes a happier and healthier patient in all areas. Care workers can help achieve this by: * Understanding what it is like to use those services * Involving those who use the services Another example can be quoted as, Rights of one patient will clash with the rights of another A patient has the right to watch TV or listen to the radio, while the patient in the next bed has the right the right to an undisturbed sleep the rights of these two patients clash. By providing earphones could help resolve this. If patients share a room one wants the door propped open and the other one doesnt although this is a clash of rights the rights of the patient who wanted the door closed would outweigh the other as propping open doors is a fire risk Care settings must provide services in such a way that all service users get equal benefit for them. For example a person who does not have English as their first language may require a translator in order to understand the services available and to express a choice about them. One of the most beneficial ways in which a social care setting can challenge anti discriminatory is through staff development and training this may be done formally through supervision sessions or more informally in the course of day to day working. The manager should supervise the work of their staff, offer advice and guidance in difficult situations and help the workers identify training opportunities to improve their practise.  

Friday, October 25, 2019

AIDS/HIV :: essays research papers

Different people define success in many different ways. What is considered success by one person may be viewed as failure by another person. Randy Shilts, a homosexual newspaper reporter / author, attempts to make fundamental changes in America’s opinion on AIDS. In Randy Shilts’s essay, "Talking AIDS to Death," he speaks of his experiences as an "AIDS celebrity." At the core of Shilts’s essay is the statement, "Never before have I succeeded so well; never before have I failed so miserably"(221). Shilts can see his accomplishments from two points of view- as a success and as a failure. Despite instant fame, Shilts is not satisfied with the effects his writings has on the general public. Shilts’s "success" and reasons for failure can both be considered when one decides whether or not his efforts were performed in vain. From a superficial stand point Randy Shilts, without a doubt, has become a great success with the release of his book And the Band Played On. Almost over night, Shilts is emerged in all the luxuries of stardom. "I quickly acquired all the trappings of bestsellerdom: 60 Minutes coverage of my "startling" revelations, a Book-of-the-Month Club contract, a miniseries deal with NBC, translation into six languages, book tours on three continents, featured roles in movie-star-studded AIDS fund raisers, regular appearances on network news shows, and hefty fees on the college lecture circuit" (220). These benefits, along with numerous others, mark that of a "successful" person. Hopes 2 However, a deeper look into the expectations Shilts has for his book can offer an explanation to why Shilts was not a complete success. Randy Shilts set out to make monumental changes in the world’s perspective of AIDS. He planned to enlighten, motivate, and educate the population on this tragic disease that has already claimed so many lives. He believed that virtually all the misconceptions about AIDS would be corrected and the public would insist that more be done to stop the epidemic. "I had hoped to effect some fundamental changes. I really believed I could alter the performance of the institutions that had allowed AIDS to sweep through America unchecked" (220). Shilts’s immense expectations positioned him for his inevitable sense of failure. He did not accomplished all that he had planned. AIDS was still spreading and people were still dying. "The bitter irony is, my role as an AIDS celebrity just gives me a more elevated promontory from which to watch the world make the same mistakes in the handling of the AIDS epidemic that I hoped my work would help to change"(220).

Thursday, October 24, 2019

Foreign exchange risk Essay

Toyota Motor Corporation is the world’s third largest automaker. It was established in Japan on 28 August 1937. Apart from its 12 plants in Japan, Toyota has 54 manufacturing companies in 27 countries, employs 246700 people and markets vehicles in more than 160 countries. Its capital as at March 2002 was 397 billion yen. Toyota is exposed to the fluctuation in foreign currency exchange as it operates mainly in America, Continental Europe and Britain. It is therefore affected by the fluctuation in the value of the US dollar, the Euro and to a lesser extent the British pound. Toyota’s consolidated financial statements, which are presented in the Japanese yen, are affected by the foreign exchange fluctuation, as all the amounts in the various countries’ currencies have to be translated into yen. Toyota’s primary markets based on unit sales for vehicles for financial year ended March 31 2002 were Japan (40%), North America (32%) and Europe (13%). Toyota is listed on the London, New York and Tokyo stock exchanges. In the normal course of doing business, Toyota employs derivatives financial instruments, including forward contracts and foreign currency options to manage its exposure to fluctuation in foreign currency exchange rates. Toyota does not use derivatives for speculation and trading. (http://www.toyota.co.jp/en/ir.html accessed on 14th November 2002) The profitability of Toyota’s operations is affected by many factors including the changes in the value of the Japanese yen against other currencies which Toyota does business. The financial year for Toyota is from 1 April to 31 March. IMPACT OF FOREIGN EXCHANGE RISK ON OPERATION The value of the Japanese yen has fallen generally for the past three years against the dollar and the Euro though there had been periods of  fluctuations. (http://pacific.commerce.ubc.ca/xr/data.html accessed on 14th November 2002). Changes in foreign exchange rate affect Toyota’s revenue, gross margins, operating costs, operating income, net income and retained earnings. Toyota’s cost and liabilities are affected by transaction exposure which relates primarily to sales proceed from Toyota’s non domestic sales produced in Japan. It is also affected to a lesser extent sales proceed from Toyota’s continental Europe sales produced in UK. Toyota’s use of forward exchange rate contracts and currency options is to hedge foreign exchange risk associated with trade receivables denominated primarily in U.S. dollars. Toyota also engages in foreign currency settlements with domestic counter parties. The company enters into forward contracts and purchases currency options (principally euro and dollar) to hedge certain portions of forecasted cash flows denominated in foreign currencies. Additionally, the Company enters into forward exchange contracts to offset the earnings impact relating to exchange rate fluctuations on certain monetary assets and liabilities. The Company enters into forward exchange contracts as hedges of net investments in international operations. This reduces foreign exchange risk and transaction costs in those settlements by handling receipts in the foreign currencies in which they are denominated. Toyota buys supplies from Peugeot in France and is therefore exposed to the Euro exchange rate. It also manufactures engines in Japan for BMW. These inflows and outflows as a result of dealing with these European companies expose Toyota to foreign exchange risks. Cars produced in Japan and other production sites are shipped to Europe and America, which are the major market for Toyota. Toyota has to make a decision as to which currency to price the cars. If the cars are priced in yen in order to avoid foreign exchange risk, Toyota will not be competitive in those markets, as it would have shifted the risk to its customers. If the price is in the domestic currencies Toyota will be exposed to foreign exchange risk. When there is a depreciation or appreciation of the currencies in relation to the yen, Toyota will be torn between changing the price to reflect the change in the exchange rate. This decision will depend on the price elasticity of demand  for cars among other factors. Toyota manages these risks by using forward contracts, money market hedging and option market hedging. Toyota also enters into currency borrowing to address a portion of its transaction risk. Foreign exchange forward contracts are used to limit exposure to losses, resulting from changes in foreign currency exchange rates on accounts receivable and transactions denominated in foreign currencies. Foreign exchange forward contracts, which are designated and effective as hedges of currency, risk on existing assets and liabilities are included as an offset to foreign exchange gain or loss and recorded on the existing assets and liabilities. Foreign currency option is to reduce the risks that are likely to be incurred on account receivable and anticipated transactions denominated in foreign currencies. This has reduced, but not eliminated, the effects of foreign exchange fluctuation. The preparation of Toyota’s consolidated financial statements is in conformity with accounting principles accepted in the United States of America. All assets and liabilities of foreign subsidiaries are translated into Japanese yen at the appropriate year end current rates and all income and expense accounts are translated at rates that approximate those prevailing at the time of the transaction. Toyota therefore uses the temporal method of translation. The resulting translation adjustments are included as a component of accumulated income. Toyota is exposed to translation risk when the results of subsidiaries are translated into yen. The value in yen may not reflect the true value of the subsidiary, as it will also depend on the exchange rate between the two countries at the time of the translation. This can distort significantly when results of different periods are being compared and among various geographical markets. The yen has been stronger in fiscal year 2000 as against 1999. According to Toyota’s Annual Reports, net revenue increased by 6.1% in 1999 and decrease by 0.4% in 2000. If the difference in yen used for translation purposes are eliminated, net revenue would have increased by 5.9% in 1999 and increased by 11.2% in 2000 (http://www.toyota.co.jp/en/ir.html accessed on 14th November 2002). Thus, even though the consolidation figure showed a decrease in net revenue in 2000, it was mainly due to the strengthening of the yen in 2000, which made dollar values smaller after translation. The value of the yen against the Euro and the dollar fell generally for the past three years. The fall of the yen for the past three years has made Toyota reported profit when it is translated into yen though in actual fact it may not have been so. Toyota’s net revenue for fiscal year 2002 showed a 9% increase over the previous year. This is because of the weakening yen and the translation effect. If the difference in yen value used for translation purposes is eliminated, Toyota showed only 2.8% increase. Net revenue increased by 15.5% in North America, 24.8% in Europe and 0.4% in Japan, for fiscal 2002 compared to 2001 after consolidation. If translation effect is eliminated, the net revenue in North America increases by only 2.2% and 12.9% in Europe (http://www.toyota.co.jp/en/ir.html accessed on 14th November 2002). There was a double digit devaluation of the yen to the dollar in the business year ended March 31 2002. Toyota gained 70 billion yen from favourable exchange rate. The US dollar rose to about 127 yen from about 123 yen a year ago. A strong dollar helps the earning of Toyota by boosting the value of overseas revenue when converted into yen. However, translation effect is a reporting consideration and does not affect Toyota’s underlying operation. Toyota does not hedge against translation risk. Toyota manages its operating exposure by diversifying its operation and financing. It has localised much of its production by constructing production units in most of the countries in which it operates. Local operation allows Toyota to purchase most of its supplies and resources used in the production process in currencies that matches the currencies of local revenue with local expenses. Toyota has asked its UK suppliers to settle all bills using Europe’s single currency, the euro (http://news.bbc.co.uk/1/hi/business/873840.stm accessed on 16th November 2002). This reduces its exposure to changes in the value of the pound. Toyota has diversify its finance base by being able to raise funds in more than one place and thereby take advantage in interest rate differentials. Toyota can therefore borrow in Japan, United States of America or Europe to take advantage of interest rate differentials. With the expected fall in the American Interest rate as against the Japanese interest rate, Toyota can borrow in dollars so as to take advantage of the fall in interest rates. The  expected fall in American interest will lead to a fall in the value of dollars in relation to the yen. This fall will make loans and other commitments denominated in dollars less expensive in yen terms. Toyota will therefore gain from the expected depreciation of the dollar. The most obvious source or determinant of economic currency exposure comes from firms having revenues or costs denominated in foreign currencies. These direct or transaction effects are relatively easy to identify and manage. In addition, firms that also have foreign-based operations will have translation exposures that arise from consolidation. At the same time, there are also a number of indirect effects, which can be just as important and apply both to firms engaged in international business and to domestic firms, but which are substantially more difficult to recognise. This indirect economic currency exposure arises from unexpected movements in foreign exchange rates changing the competitive situation of the firm and which affect the firm’s future cash flows (and hence value). GLOBAL ECONOMIC FORECAST INFLATION DIFFERENTIALS The exchange rate stated simply is the price of one currency in terms of another currency. Exchange rate can therefore be expressed in terms of the law of one price which states that â€Å"in the presence of a competitive market structure and the absence of transportation cost and other barriers to trade, identical products which are sold in different markets will sell at the same price in terms of a common currency† (Pilbeam, K. (1992) International Finance, Macmillan). Relative purchasing power parity says that the change in the price level of commodities in one country relative to the rate of change in price levels in another country determines the exchange rate between the two countries. This in other words means that the rate of inflation in one country relative to another determines the rate of change in their respective currencies. (Ross et al, 1999). Thus if there is higher inflation in one country in relation to others, prices of goods and services will increase in th at country in relation with others and exchange  rates have to change accordingly in response to inflation differentials. According to the World Economic Outlook of the International Monetary Fund (http://www.imf.org/external/pubs/ft/weo/2002/02/pdf/appendix.pdf accessed on 14th November 2002), inflation is expected to move from -1.40% in 2002 to -1.2% in 2003 in Japan. This is 14.3% rise in inflation in Japan. Inflation in United States of America is expected to move from 1.2% in 2002 to 1.9% in 2003. American inflation is expected to increase by 58.3% whereas inflation in the Euro area is expected to decrease by 17.4%. This means that prices of goods and services in America will increase more than prices in Japan whiles prices in Europe is expected to decrease. The expected increase in the prices in America will lead to the depreciation of the dollar against the yen in order to maintain the purchasing power parity. The relative decrease in the level of inflation in Europe as against Japan will lead to the appreciation of the Euro against the yen. The yen is therefore expected to appreciate against the dollar but depreciate against the Euro. This will affect Toyota’s revenues and profits, as whatever amount is translated from dollar to yen will be lower comparatively. However, it will gain when the Euro is translated, as values will be higher after translation. BALANCE OF PAYMENT Balance of Payment measures the flow of economic transactions between the residents of a given country and the residents of other countries during a certain period of time. The use of balance of payment data to forecast foreign exchange rates assumes a fixed exchange rate regime. The balance of payment suggests that the current account get worse as national income rises. This is because the increased income will lead to increased income will lead to increased demand for goods and services including foreign products. This will lead to an increased demand for foreign currencies and a decrease in the value of the domestic currency. The basic tendency is for domestic currency to weaken to pay for the increased imports. In a fixed exchange regime, when this falls below certain limits the domestic government will have to intervene by selling resaves of foreign currencies in the foreign exchange market (Buckley, A. 2000). The same is with surplus where instead of selling foreign currencies, the government will buy foreign  currencies. This will increase demand or supply of foreign currencies and therefore affect the price i.e. the exchange rate. Thus if domestic income levels were to rise, the increase will lead to transaction demand for money which means that if the money stock and interest rates are held constant, the increased demand can only come about through a fall in domestic prices. The fall in domestic prices will then requires a depreciation of the currency to maintain purchasing power parity. However, an increase in foreign income levels leads to a fall in foreign prices level and therefore a depreciation of the home currency to maintain purchasing power parity (Pilbeam 1993). If there is increased demand for Japanese goods and services by Americans and Europeans then the yen is likely to appreciate, as the demand for yen will increase. However, under a floating exchange system, the government has no responsibility to peg the exchange rate. The fact that the overall balance does not sum to zero will automatically alter the exchange rate in the direction necessary to obtain a Balance of Payment close to zero (Eitman et al). If the country is running a substantial current account deficit whilst the capital and financial account balance is zero, it will have a deficit Balance of Payment. There will be excess supply of domestic currency and the market will rid itself of the imbalance by lowering the price through the depreciation of the currency. INTEREST RATE DIFFERNTIALS The interest rate parity theorem implies that if interest rates are higher domestically than in a particular foreign country, the foreign country’s currency will be selling at a premium in the forward market; and if interest rates are lower domestically, the foreign currency will be selling at a discount in the forward market (Ross et al 1999). The link between interest rate and exchange rate is explained by the International Fisher Effect, which holds that the interest rate differential is an unbiased predictor of future changes in the spot exchange rate (Rugman et al 2000). This differential is also important in determing forward exchange rates because this rate would be that which neutralises the difference in interest rates between the two countries. If the interest rate of one country is expected to fall in relation to another country, this will make the demand for  financial instruments denominated in that currency to fall. This fall in demand for financial instruments will lead to a fall in demand of that currency and therefore a depreciation of that currency. However, if interest rates are expected to rise in relation to other countries, there will be an increase in demand for financial instruments denominated in that currency and an appreciation of the currency. In practical terms, the international fisher effect implies that while an investor in a low interest country can convert his funds into the currency of a high interest country and get paid a higher rate, his gain (the interest rate differential) will be offset by the expected loss because of foreign exchange rate changes. The recent announcement of a fall in the American interest rate whilst the Japanese interest rate remain constant will lead to a fall in the demand for dollar denominated instruments and therefore a fall in the value of the dollar in relation to the yen. The Euro interest rate is not expected to change and therefore the exchange rate between the yen and the Euro may not change on the basis of interest rates. RISK MANAGEMENT STRATEGIES â€Å"Toyota uses a value-at-risk analysis (â€Å"VAR†) to evaluate its exposure to changes in foreign currency exchange rates. The value-at-risk of the combined foreign exchange position represents a potential loss in pre-tax earnings that are estimated to be  ¥25.2 billion as of March 31, 2001 and  ¥24.0 billion as of March 31, 2002. Based on Toyota’s overall currency exposure (including derivative positions), the risk during the year ended March 31, 2002 to pre-tax cash flow from currency movements was on average  ¥25.0 billion, with a high of  ¥26.7 billion and a low of  ¥22.9 billion. The value-at-risk was estimated by using a variance/ covariance model and assumed a 95% confidence level on the realization date and a 10-day holding period. Toyota changed the model used for calculation of value-at-risk from â€Å"variance/covariance† method to â€Å"Monte Carlo Simulation† method because Toyota introduced a new system, which Toyota considers more effective for risk management purposes. The prior year amounts have been restated to the fiscal 2002 presentation.† (Toyota Annual Report 2002) LEADING AND LAGGING. Larger, more centralized corporations have additional options that may be employed to help control the foreign exchange risk of inter company transactions. One effective and potentially profitable approach involves leading (prepaying) payments when the payer’s currency is devaluing against the payment currency and lagging those payments if the payer’s currency is appreciating. Lagging is when a company pays its financial commitments late so as to take advantage of a devaluing currency. Leading on the other hand is paying early before a currency devalues. It serves as a means of shifting liquidity between subsidiaries to avoid bid – ask spreads and take advantage of interest rate differentials (Clark E. et al 1993). Toyota should take advantage of the fall in the interest rates in United States and subsequent expected fall in the value of the dollar. The American subsidiary should pay early all monies owned to the parent company in Japan. This will give a higher value than waiting for the dollar to devalue before paying. From a company wide standpoint, the treasurer can direct leading and lagging policy in order to take advantage of the favourable effects of exchange rate fluctuations. Additionally, leading and lagging policies may be used to shift funds from cash-rich to cash-poor affiliates, thereby improving short-term liquidity. However, leading and lagging is only possibly when the company has 100% ownership of the subsidiary. This is because the effect of an extended or reduced payment date alters the relative rate of return of each subsidiary. This is unfair to minority shareholders, as they do not necessarily benefit from such a practise that benefits the multinational as a whole. (Eiteman et al 2001). Toyota’s subsidiary in the US has minority shareholders like General Motors and these will be at a disadvantage if Toyota should use leading and lagging to manage its exposure. Inequality may arise unless the adjustment is made to reflect a subsidiary’s sacrifice. NETTING. Netting inter company transfers is another form of international cash management strategy that Toyota can employ. It requires a high degree of centralization. The basis of netting is that, within a closed group of related companies, total payables will always equal total receivables. Netting is useful primarily when a large number of separate foreign exchange  transaction occur between subsidiaries (Eiteman et al 2001). Thus instead of Toyota paying monies owed to and by each subsidiary, the subsidiaries can net off each others debt and thereby not deal in the foreign exchange market. In order to reduce the bank transaction cost, such as spread between foreign exchange bid and ask quotations and transfer fees, Toyota should establish an in house netting centre. The exposure that remains–net payments to payees–can then be hedged in the forward market if desired. The advantages of netting are  · A reduction in foreign exchange conversion fees and funds transfer fees as commissions on foreign exchange transactions and funds transfer are drastically reduced.  · A quicker settlement of obligations reducing the group’s overall exposure. REINVOICING. Reinvoicing goes one step beyond the centralized approach of multilateral netting by way of a clearing centre. A reinvoicing centre buys goods from the manufacturing subsidiary or parent, without taking possession, and reinvoices other company affiliates or third parties when it sells the goods. By conducting all transactions in the affiliate’s functional currency, the reinvoicing centre bears all currency risks. This prevents the FC exposures from distorting the subsidiary’s operating profit (loss). In addition, the reinvoicing centre allows for centralized cash flow management, increase international business expertise and opportunities for arbitrage. The centre also improves and centralizes banking relationships and acts as a central purchasing agent for subsidiaries. Most important, the reinvoicing centre can assess its net position on all inter company transactions and hedge in the forward market accordingly. Problems with reinvoicing centres are * Some countries prohibit reinvoicing centres, as well as any third-party billing (for example, France, Spain,). * They are very expensive to set up because sophisticated information systems and legal and tax expertise are required. BACK TO BACK LOANS Back to back loans is when two firms arrange to borrow money in each others currency so as to avoid the risk associated with exchange rate fluctuation. Toyota can enter into an agreement with an American company that has a subsidiary in Japan. Toyota can then lend yen to the Japanese subsidiary of the American company and the American company in turn lends Toyota’s American subsidiary money in dollars. This will reduce the risk that Toyota will have had if it had lend the money to its American subsidiary as the expected fall in the value of the dollar will have reduced the amount of yen to be received. The advantage with back to back loan is there will not be the need to change currencies as loans will have been contracted in the functional currency of the subsidiary and therefore there will be no risk. However it is very difficult to get a partner who will be prepared to enter into such an arrangement. NATURAL HEDGING Natural hedging is to manage an anticipated exposure to a particular currency by acquiring a debt denominated in that currency. Thus if a firm has a long term inflow in one currency, the firm can acquire an outflow in the form of a loan in the same currency and use the inflow to service the debt. Since Toyota’s main markets are the USA and Europe, it can take out loans in Euro or dollars and use the proceeds from its operations to pay for the loan. Toyota will then not have to bother about the exchange rate fluctuation, as it will be paying the loan from proceeds generated from local operations. Toyota is also asking its British suppliers to bill them in the Euro so as to reduce the risk. This is effective in eliminating currency exposed when the exposure cash flow is relatively constant and predictable over time (Eiteman et al 2001) FORWARD CONTRACT Forward contract is an agreement to exchange currencies of different countries at a specific future date and at a specific forward rate (Eiteman et al 2001). If Toyota has receivables denominated in US dollars in the form of loans owed to the parent company, it can enter into a forward contract to hedge against the expected fall in the value of the dollar. When the value of the dollar depreciates, Toyota will therefore not be at risk. However, should the predictions not come true and the dollar rather appreciates, Toyota would have lost the opportunity of earning more on the spot market. REFERENCES 1. BUCKLEY, A. (2000) multinational finance. 4th ed., Harlow : Financial Times Prentice Hall. 2 CLARK, E. LEVASSEUR, M. ROUSSEAU, P. (1993) international finance, London : Chapman and Hall. 3 PILBEAM, K. (1992) international finance, Basingstoke : Macmillan Education. 4 RUGMAN, A. M. (2000) international business: a strategic management approach, 2nd ed., Harlow: Financial Times/Prentice Hall. 5. EITEMAN, D.K., STONEHILL, A.I., MOFFETT, M. H. (2001) Multinational business finance, 9th ed., 6.ROSS, S.A., WESTERFIELD, R., JAFFE, J. (1999) corporate finance, 5th ed., London: McGraw Hill. 6. (http://www.imf.org/external/pubs/ft/weo/2002/02/pdf/appendix.pdf accessed on 14th November 2002), 7. (http://www.toyota.co.jp/en/ir.html accessed on 14th November 2002) 8. (http://pacific.commerce.ubc.ca/xr/data.html accessed on 14th November 2002) 9. (http://news.bbc.co.uk/1/hi/business/873840.stm accessed on 16th November 2002)