4 Reasons Chinese Companies Ipo in America Essay

Reasons Chinese Companies IPO in America Why do so many good Chinese companies go public in foreign markets rather than let domestic investors share in the profits of growth? Chinese investors often complain about why would â€Å"good companies†, like Tencent (0700. HK), Baidu (NASDAQ: BIDU) and Sina (NASDAQ: SINA), choose to list in the US and Hong Kong instead of on the Chinese A-shares market. There are four main reasons: 1. If a ‘Chinese’ company takes foreign investment using a VIE structure, it can only list abroad 2. Many companies don’t meet the strict financial standards for a Chinese listing 3. China’s listing process takes a long period of time and not very transparent, a torturous examination compared with America’s speedy registration 4. China’s regulatory agencies perpetually overregulate, rather than letting the market decide 1) If a ‘Chinese’ company takes foreign investment using a VIE structure, it can only list abroad The core reason is simple. These companies aren’t at all eligible to listed on the Chinese A-Shares Market, which restrict the overseas-funded enterprises severely. To receive foreign investment, a great number of Chinese companies set up a corporate structure called the  VIE or Sina structure, because some industries such as internet info & services and financial services are restricted or even prohibited in foreign-funded investment. This structure is especially common for technology companies that raise financing early and often, frequently from foreign investors. State-owned enterprises aside, most ‘Chinese’ companies in the US are not legally Chinese at all. They’re Cayman Islands, British Virgin Islands, etc. ompanies that control Chinese entities. Chinese regulators have raised the idea of allowing foreign companies to list on the A-Shares Market, but at present that’s still speculative. A worry for foreign investors is that the entire VIE structure, which largely serves to circumvent Chinese laws barring foreign ownership, has been  called into question  by Chinese regulators  in recent months. 2) M any companies don’t meet the strict financial standards for a Chinese listing In August 2005, when Baidu (NASDAQ: BIDU) listed in US, Chinese asked this very question. Let us review. Baidu didn’t reach profitability until 2003. When it went public, it had been profitable for just 2 years. The company’s profit was only $300,000 (2. 4 million RMB) in the quarter prior to its IPO. This is far from the minimum IPO criteria for the Chinese Small and Medium Cap A-Shares Market, where â€Å"net profit in the recent 3 fiscal years must be positive and the sum exceeds 30 million RMB; aggregate cash flow from operational activities in the recent 3 fiscal years exceeds 50 million RMB, or aggregate operating revenue in the recent 3 fiscal years exceeds 300 million RMB. Baidu didn’t even live up to the standards for listing on the Chinese Growth Enterprise Market: â€Å"Profitable for the previous 2 years, with aggregate net profits of not less than 10 million RMB and consistent growth† or â€Å"profitable in the previous year, with net profits of no less than 5 million RMB, revenues of no less than 50 million RMB, and a growth rate of revenues n o less than 30% over the last two years. † Nor may capital be less than 20 million in the year prior to the IPO. )  China’s listing process takes a long period of time and not very transparent, a  torturous  examination compared with America’s speedy registration Going public is like going through a round of torture. In the prolonged process of waiting for review, they have not only to be upset by countless uncertainties, but also incur high costs off the balance sheet. 4)  China’s regulatory agencies perpetually overregulate, rather than letting the market decide Chinese regulatory agencies are actually most concerned about investors. They fear that investors will buy low-quality stocks and they therefore spare no efforts to set up strict review processes for IPOs. They are also concerned about investors losing money in the secondary market and therefore set up â€Å"protection measures† like downward limits and upward limits and make adjustments to the â€Å"IPO rhythm† to stabilize the secondary market. But these ‘good intentions’ only end up leading everybody astray from the original  market intention. The quality of companies listed on the A-Shares Market is far from satisfactory, while most of the companies with the best growth potential and highest returns to investors list abroad. Moreover, the A-Shares Market remains one of the capital markets with the largest fluctuations in the world! The conclusion should be fairly simple: regulatory agencies should not and cannot be held responsible for a company’s quality through an IPO review. The operational risk of a company does not move in lock step with static indicators like financial data. Regulatory agencies should not and cannot be responsible for the luctuations in the secondary market. Fluctuations of the market can never be contained by up or downward limits, nor can the regulator effectively set the â€Å"IPO rhythm. † Chinese companies will continue to list abroad, despite sky-high A-Share Market valuations To be fair, under the elaborate care of regulatory agencies, A-Shares do have their own magic, that is, a super financing power. Especially in the fiery Growth Enterprise Market over the last year, PE ratios frequently shoot up to 100x. Every single listed company has been overjoyed to get more funds than planned. With such â€Å"stupid wealthy people† circumstances, will companies still want to list in foreign markets? I believe so. Again, there are many companies that will never meet the standards of the A-Shares Market. For growth companies that really desperately need funds, even the listing threshold of the Growth Companies that list abroad don’t have to worry that investors will criticize them for a broad definition of â€Å"misappropriation. † For them, going public is not just a one-time IPO sale, but also a sustainable financing platform. In Conclusion To sum up, the pre-IPO review and post-IPO trading have made A-Shares Market a different ecosystem from foreign markets. It is hard to say which is better. But companies themselves have preferences. Therefore, I don’t think fewer companies will list in foreign markets despite the high valuations of A-Shares. It’s hard to tell if â€Å"quality Chinese companies† will give A-Share investors a chance to invest. Article by Simon  Fong ( ),  Founder & President of Snowball Finance, iChinaStock’s parent company. The original Chinese article was published in the October edition of The Founder.

Finance: Free Cash Flow

inance COOPERATE FINANCE| Miss Afifa| | Assignment# 4| | UMAIR ASIF11 March 2013| You submitted this Assignment on Sun 10 Mar 2013 7:21 PM PDT. You got a score of 85. 00 out of 100. 00. You can attempt again, if you'd like. Top of Form Please read all questions and instructions carefully. Note that you only need to enter answers in terms of numbers and without any symbols (including $, %, commas, etc. ). Enter all dollars without decimals and all interest rates in percentage with up to two decimals. Read the syllabus for examples.The points for each question are listed in parentheses at the start of the question, and the total points for the entire assignment adds up to 100. You are strongly encouraged to use spreadsheets. Refer to Note on Sample Cash Flow Template. Question 1 (5 points) The project with the highest IRR is always the project with the highest NPV. Your Answer| | Score| Explanation| True| | | | False| ? | 5. 00| Correct. Try now to sort this out in different contexts,| Total| | 5. 00 / 5. 00| | Question Explanation This is all about the fundamental difference between IRR and NPV. Question 2 10 points) Ann Arbor is considering offering public bus service for free. Setting up the service will cost the city $0. 6M (where M stands for million). The useful life of the buses is 25 years. Annual maintenance of the buses would cost $50,000 per year and they would need a major overhaul in year 15 that will cost a total of $350,000. This overhaul is in addition to the annual maintenance. Annual operating costs will begin at $90,000 in year 1 and grow at 2% per year thereafter. By using the buses as advertisement space, the city will generate a revenue of $75,000 in year 1 and it will grow at 4% per year thereafter.Reduced parking requirements and other benefits generated by the project will save the city $100,000/year. The salvage value (price city can get in the future after maintenance) of the used buses in year 25 is expected to be $150,000. What is the NPV of the bus proposal? Ann Arbor does not pay taxes and the discount rate is 5%. (Again, all cash flows except initial investments happen at the end of the year. ) (You are strongly encouraged to use a spreadsheet. ) Your Answer| | Score| Explanation| -10223| | | | 29847| ? | 10. 00| Correct. You apparently have thought through issues. 31222| | | | 19323| | | | Total| | 10. 00 / 10. 00| | Question Explanation A real world problem with some simplifications in cash flows. Question 3 (5 points) Alpha Inc. has the following two projects that it is considering, and it wants to choose one. Project A has an investment outlay/expense today of $1,000, and its cash flows over the next three years are $500, $600, $700. Project B has an outlay of $2,000, and cash flows of $1,000, $1,200, and $1,400. Which project should Alpha choose? (You can assume no taxes. ) Your Answer| | Score| Explanation| Project A| | | |Does not matter; both are essentially the same| | | | Cannot make a choice based on information| ? | 5. 00| Correct. What information is missing? | Project B| | | | Total| | 5. 00 / 5. 00| | Question Explanation This question is probing your comfort level and understanding of decision making; and the most common pitfall we confront all the time. Question 4 (10 points) Mango Technology has the following three projects that it is considering; it can choose only one. Project A has an investment outlay/expense today of $100M, and its cash flows over the next three years are $20M, $40M, $70M.Project B has an outlay of $110M, and cash flows of $40M, $80M, $20M; Project C has an outlay of $120M and cash flows of $0M, $20M, and $142M. Which project should the company choose if the cost of capital for similar projects is 6%? Your Answer| | Score| Explanation| Project B| | | | Project C| | | | Do not have enough information| ? | 0. 00| You do have enough information. Try again. | Project A| | | | Total| | 0. 00 / 10. 00| | Question Explanation This is an exercise in testi ng your knowledge pitted against our tendency to choose the incorrect criterion for making decisions.Question 5 (5 points) To get from net operating profits after tax (NOPAT) to free cash flows (FCF), you need to ADD back depreciation, SUBTRACT capital expenditures and ADD net working capital (i. e. , current operating assets – current operating liabilities). (Free cash flow is another name for cash flows. ) Your Answer| | Score| Explanation| False. | ? | 5. 00| Correct. You understand the nature of â€Å"capital. â€Å"| True. | | | | Total| | 5. 00 / 5. 00| | Question Explanation This is an important issue that makes you focus on differences between stocks and flows. Question 6 5 points) Last year your firm had revenue of $20 million, cost of goods sold (COGS) of $12 million, Selling, General, ; Administration costs (SG;A) of $2 million, Account Receivables (AR) of $6 million, Account Payables (AP) of $4 million and Inventory of $4 million. What will be the free cash flow next/this year if you boost revenue 6% and AR 12%, while holding COGS growth to 3% and everything else remains the same as last year? (Assume no taxes and no new capital expenditures. ) (You are encouraged to use a spreadsheet even for this specific type of question. ) Your Answer| | Score| Explanation| 4170000| ? 0. 00| Review the basics; see template and references. | 6120000| | | | 7240000| | | | 5250000| | | | Total| | 0. 00 / 5. 00| | Question Explanation Cash flow estimation for a specific year. Question 7 (15 points) Rain in Spain (RiS) is a manufacturer of high quality raincoats. Currently, the retail price of each raincoat is $70 and is produced at a cost of $45. This past year, they sold 50,000 raincoats and they expect this number to grow each year by 6% each year for the next 10 years. The operations team at RiS recently brought to your attention a new technology that could lower the cost of production.This technology requires an upfront fixed investment of $2,000,000 a nd has the capacity to produce up to 90,000 raincoats per year at a 12% lower cost per unit. There is no increased working capital need due to this new technology, and no value of the machine/technology after 10 years. What is the NPV of investing in the new technology? Ignore taxes and assume a discount rate of 14%. (Hint: Think incrementally; the difference between the world without and with this new technology! Also, ignoring taxes will be a big help if you think right. ) (Enter just the number without the $ sign or a comma; round off decimals. (You are strongly encouraged to use a spreadsheet. ) Answer for Question 7 You entered: Your Answer| | Score| Explanation| -150683| ? | 15. 00| Correct. You exhibit a clear understanding of how to conduct incremental analysis. | Total| | 15. 00 / 15. 00| | Question Explanation A probing question that is all about the creation of value; incremental value. Question 8 (15 points) Fresh off the excitement of the 2012 London Olympic Games, you decide that you want your firm to take advantage of the profits to be made for the 2016 games in Rio de Jeneiro. To do so you plan to open a factory in Brazil.After examining the idea, your CFO projects revenues next year (2013) to be $15 million and costs to be $9 million. Both of these are expected to grow at a rate of 25% per year as the excitement for the games builds. Your firms faces a 35% tax rate, a 14% discount rate and you can depreciate your new investment using the straight line method over the four years leading up to the games, at which point the value of the venture moving forward will be $5 million. (This $5 million is the terminal value that is in year 4 (that is, 2016) dollars and is the PV of all cash flows year 5 and beyond. The capital expenditure of this project is $12M. What is the NPV of the project? Assume that you have no significant working capital costs. (Enter just the number without the $ sign or a comma; round off decimals. ) (You are strongly encourag ed to use a spreadsheet. ) Answer for Question 8 You entered: Your Answer| | Score| Explanation| 9815100| ? | 15. 00| Correct. You know how to set up and execute a valuation exercise, albeit a simplified one. | Total| | 15. 00 / 15. 00| | Question Explanation A valuation exercise that includes most of the elements of a real world situation. Question 9 15 points) Starbuck's is considering opening another store in Chicago. A store is expected to have a long economic life, but the valuation horizon is 7 years. The store in Chicago is expected to create revenues of $3M in the first year and they are likely to grow at 2% per year thereafter. The cost of goods sold are $1. 2M in year 1 and they are also expected to grow at 2% per year thereafter. Selling and administration costs are likely to be $0. 5M in the first year and then grow at 5%. The tax rate is 35%. Starbucks is so good at managing its stores that working capital increases can be assumed to be negligible.But Starbucks will hav e to invest $3. 5M in purchasing a store (with land). The good news is that this outlay can be depreciated straight line over 7 years. Also, Starbucks has estimated that the terminal value in year 7 dollars will be $10M. This value is the value of all cash flows in year 8 and beyond. What is the NPV of opening this new store if the appropriate discount rate is 7. 75%? (Again, all cash flows except initial investments happen at the end of the year. Enter just the number without the $ sign or a comma; round off decimals. )(You are strongly encouraged to use a spreadsheet. ) Answer for Question 9You entered: Your Answer| | Score| Explanation| 7879584| ? | 15. 00| Correct. You are now building spreadsheet models. | Total| | 15. 00 / 15. 00| | Question Explanation It is time to do a more complete project analysis. Strongly encourage use of spreadsheets to build cashflows, though remember that you can do it step by step as well. Question 10 (15 points) Big Blue Granite (BBG) needs to purc hase a new saw for creating their top quality countertops. Saw A costs $250,000 with $4,000 of annual maintenance costs for the first year that will increase by 5% each year for the 7-year life of the saw.Saw B costs $150,000 with $10,000 of annual maintenance costs for the first year that will increase by 15% each year for the 4-year life of the saw. Which saw should BBG choose? What is the annualized cost of this choice? Assume a discount rate of 12%, and ignore all taxes. Your Answer| | Score| Explanation| (B, 46794)| | | | (B, 49983)| | | | (A, 59331)| ? | 15. 00| Correct. You know how to figure out the true annualized cost. | (A, 40367)| | | | (A, 38682)| | | | (B, 61624)| | | | Total| | 15. 00 / 15. 00| |

Development and Training Leaders and Managers Essay

Development and Training Leaders and Managers - Essay Example FedEx Corporation, CNN, Hewlett-Packard among others, had difficulty starting their businesses but now end up as megalith corporations looked up by everyone. Analysts account this phenomenon to hard work, business acumen, resilience, effective marketing strategies among others. But almost everyone else agree on two factors that consist as common denominators of all these firms and these are to wit: leadership and effective management. Even in educational administration, these two factors are necessary in order that high education officials be able to properly develop leaders and managers who would make this world a better place to live in. weighing 2.5 tons each be constructed if there was no effective leadership, coordination, management and administration. Or how could Alexander the Great unify and maintain his world empire which stretched across the vast expanse of Asia as well as in parts of Europe and Africa if there was no effective leadership and management ( Gamage & Pang 2003, p.4). Thus, because leadership and management make any organization effective and fruitful and are of paramount importance to any such organization, both must be inculcated and developed in present and future high officials of any organization as well as students in all schools worldwide. Upon the shoulders of all educators and all heads of educational organizations lie the onus of training and developing the qualities of good leadership and effective management in all students in all schools and colleges. Likewise, these educational institutions should also ensure that they develop future efficient education leaders and managers to fortify such role of educational institutions. Thus, in recent years the focus of attention by governments is the development of research and policies and practices that would strengthen educational leadership. The challenge is now to develop the human potential for leadership and management (Bush & Middlewood 2005, p. vii). Educational Leadership and Management The notion of educational leadership varies from one author to another but it is certain that educational leadership involves a process of influence. Thus Yukl defines it as that which "involves a social influence process whereby intentional influence is exerted by one person or group over other people or groups to structure the activities and relationships in a group or3 organization" ( Bush 2003, p.5). But it must be stressed that anyone will have difficulty influencing any group of people if his character is less than sterling i.e. if his personal values and mindset leave much

The Concepts of Culture, Minority Groups, Stereotypes and Essay

The Concepts of Culture, Minority Groups, Stereotypes and Discrimination - Essay Example Rapid changes characterize the modern world. With these changes taking place, the business world has been one area where these changes have necessitated new approaches to management. In this case, the business world has witnessed workers from differing backgrounds in terms of gender, race, ethnicity, religious beliefs, and philosophical beliefs come together in the workplace. In some cases, managers are not aware of the inherent differences among their employees. On the other hand, some managers are aware of these differences and try to make use of these differences to the benefit of the organization. This approach is managing diversity in an organization, and it is important for management to find the best approaches to deal with the issues of culture, minority groups, stereotypes, and discrimination in the workplace in order to make sure that the organization benefited from all workers. In this case, an organization should find the best approaches to integrate these concepts in the workplace in order to manage diversity in the workplace. The United Nations High Commission on Human Rights defined cultures as constituting â€Å"differences in academic qualifications, religion, and expressive features of a social group’s traditions and beliefs†. In line with this, it is evident that the contemporary society’s workplace is representative of these people who demonstrate these differences. In an organizational perspective, these different groups enhance the organization’s objectives with their own flavor of cultural background, lifestyle, vision, and fulfillment of challenges†. In effect, it is crucial for an organization to ensure that employees enhanced the organization’s objectives while following a similar approach in order to ensure that the organizational goals were achieved using a common approach. Minority groups are the groups that traditionally lack power in an organization, which include women and members of other ethnic and racial groups that were not dominant in an organization. In line with this, it is crucial to point out that these groups face challenges when integrating themselves in the workplace, which affects their productivity due to the factors that prevent their participation in an organization. Hence, managers should define approaches that ensured their integration in a manner that was efficient and effective. On the other hand, these groups might face challenges to participate in the workplace due to the different stereotypes. In effect, the stereotypes contribute to discrimination in the workplace. In line with this, cultural stereotypes also affect the integration of people from disparate cultures in the workplace. Fiske and Lee identified stereotypes as the â€Å"categorical associations-including traits, behaviors and roles-perceivers make to group members based on their membership†. In effect, these perceptions affect the interaction of workers in the workplace, whi ch effectively affects productivity and profitability in an organization. Hence, effective approaches to managing diversity are essential in ensuring that workers did not allow their perceptions about other workers influence their interaction in the workplace. For example, today’s workplace witnesses more women, who have long been considered a minority group, taking leadership roles in various organizations. In effect, men identified women with stereotypes related to women being sex objects, which limits the ascendancy of women to positions of leadership in organizations and their interaction as equal workers in the same organizations with men. On the other hand, discrimination refers to â€Å"perceiver advantages that advantage one group over another† in the workplace.

Multiple questions Essay Example | Topics and Well Written Essays - 1000 words - 1

Multiple questions - Essay Example I discovered later that the battery was an Eveready rechargeable and I don’t have a battery charger at home. If only I have read the book before the incident, I could be more specific and relate well with the store owner. 2. Just last month I visited a very close friend who is also our neighbor. I bought a pizza and I invited her family to share with the food. When we opened the pizza box all were happy except my friend. She told me that she was happy and fine but her facial expression showed she’s disgusted. She went upstairs and later reappeared. Later on, I learned from her mother that she doesn’t eat veggies like mushrooms, green peppers and red onions, and she has an allergy towards black olives. I also learned that she told her to go downstairs. Nevertheless we altogether enjoyed the time. I should have been more alert; when she looked disgusted it only means one thing–she doesn’t like it. Indeed, it pays to be more conscious and aware. In the future, I will know first persons whom I will have an interpersonal relationship with. 3. Since I am an African-American, I carry a remnant of African cultural heritage. Although the influence of America is great these days, I still think like an African, talk like an African-American and I value our kind of music, behaviors and even tradition. I still value our extended families. Of course, since I also carry an American cultural lineage, I also cherish things like the Hollywood. Ultimately, my preferences have shaped the kind of culture I’m living with. Culture is important in interpersonal communication since it can effectively send the message across without barriers. More significant is to know the culture of the person we’re interacting with to attain a resolution and understanding. Since we had a bitter history of racial discrimination, I have been very assertive with my rights and our equal privileges with the Whites. Sometimes, I get unconsciously aggressive to defend

Assess The Value Of An Effective Human Resource Management Strategy To Essay

Assess The Value Of An Effective Human Resource Management Strategy To The Achievement Of Organisational Goals And Objectives - Essay Example Effective human resources strategies can make or break organisations. This essay shall assess the value of an effective human resource management strategy to the achievement of organisational goals and objectives. This essay is being carried out in order to help provide this student a better understanding of HR strategies in successful corporations and to provide possible cues for corporations in the improvement of their corporate performance using better HR strategies. Body Various companies and researchers believe that human resource management processes can help organisations secure and achieve various strategic options. However, only a few would agree on how the HR actually impacts on performance (HR Spectrum, 2005). HR’s impact includes basic aspects like identification or recruitment of top performers; training these top employees to work effectively; and monitoring employee progress and supporting employees in the accomplishment of company goals (HR Spectrum, 2005). Based on company’s economic processes and concepts, competitive goals and strategies, HR management usually controls various functions. To support the organisation’s competitive advantage, HR managers can support various tools and strategies in order to secure their goals. Some approaches often emphasize the importance of best practice. Another HR approach highlights best fit, and aligning such fit within the organisation and its general environment (HR Spectrum, 2 005). ... Until the employees understand how these HR strategies work and how they impact on their company’s success, these strategies would not likely have any impact or meaning. In order to understand the association between corporate strategy and employee output, it is important to establish and HR system which supports shared beliefs and attitudes among employees (HR Spectrum, 2005). HR practices can secure higher values for the organisation and for its human capital pool by focusing the employees’ actions towards the fulfilment of corporate goals. This can further be secured if employees are willing to stick with the organisation (Baird and Meshaulam, 1988). HR managers can secure flexibility and can align the corporate values by securing traditional functions and the application of HR strategies using cost-effective mechanisms. These managers can also consider beyond the traditions of their organisation and evaluate the current trends in contemporary business management, as well as the speed of change among organisations and the implications of these changes for employees and other stakeholders (Baird and Meshaulam, 1988). Managing companies strategically highlights the internal organisation and the management of issues. This would involve the acknowledgement of the corporate climate and culture as well as the alignment of employee values with corporate and social goals. For instance, in improving labour outputs and improving company flexibility, human resources can also provide a wide range of strategic choices, including higher shareholder return and competitive advantage (HR Spectrum, 2005). Due to the improved dynamics of the marketplace, HR goals must also be flexible. Flexibility includes processes which refer to improved accommodation for

Health Service Administration Term Paper Example | Topics and Well Written Essays - 750 words

Health Service Administration - Term Paper Example Trends in the hospital sector can be inclusive of both positive and negative trends, where the positive ones relate to demographics and the negative to compensations. These trends have their benefits and disadvantages thus influencing performance. One of the trends relates to technological advancements where most hospitals are yet to be equipped with the current technology (Duggan, 2000). This is due to the expense of the tools and the craftsmanship.Besides this the global reach and the personalized care. The treatment to disease has expanded to most regions in the world and yet most chronic diseases are still a major concern. Individuals in most countries are not able to access proper medical care and others seek personalized services based on the social status. Thirdly, the aging population, chronic diseases, obesity and diabetes epidemics are trends in the hospital sector. This are put in place to measure and control the diseases as well as to give a proper analysis to the sector. One of the most important roles of hospitals includes training. They are actively involved in the teaching and instruction to medical and nursing staff. This ensures that there is active provision of medical facilities, health and welfare (Kessler & McClellan, 2002). The nursing homes provide exercise facilities to the nurses on the discharge of their knowledge and skills acquired. On the ground, the hospitals provide care to those who cannot access it and also participate in educating the society.

Are Kids Who Kill Victims or Offenders Essay Example | Topics and Well Written Essays - 1000 words

Are Kids Who Kill Victims or Offenders - Essay Example Lassiter (1998) believes that by analyzing motivations, categorizing traits and an emphasis of situations juvenile killers can be of certain broad types. There are the Gang killers, these are kids who grow up in an environment of violence and hence learn to adapt violent reactions in their daily lives. Fifteen year old Willie Bosket, who had committed over two thousand crimes in New York which included stabbing several people with the intention to kill, was such a child (Katherine Ramsland). Debra Niehof, a neuroscientist, with her research on the connection between violence and the brain suggests â€Å"that violence is the result of a developmental process, a lifelong interaction between the brain and the environment."  Her research leads us to conclude that these kids are merely acting out patterns that they have picked on from their environment. The next category is that of kids who kill members of their family intentionally. They are pressurized, abused, hated, neglected and d o so for the desire to gain. A famous example is that of a fourteen year old Chinese boy who killed his family, stabbing his mother, father and grandfather multiple times simply because he believed he was not well taken care of. Cult killings rise mostly because of adolescent association to satanic symbols and the firm and clandestine connection the kids perceive to have with another world. 16 year- old Roderick Ferrell killed his girlfriend’s parents so that he could steal their car and provide a ride for the members of his vampire cult. This association with the cult is so strong that it envelops the child into believing that he has a license to kill, rob property or damage. The media-inspired violence falls within the formation of these cults, according to Glorio DeGaetano, with the techniques of social reinforcement used on kids that pertains to the onset of their fanatical notions. Pathology plays a key role in determining the motivation of a juvenile killer. Sam Manzie was fifteen when he raped and strangled eleven year old Eddie Werner. Upon investigation it was seem how he had been the victim of a child abuser and had hence developed signs of serious mental illness. The depression and paranoid schizophrenia due to being undiagnosed resulted in his actions (Clark, C. S. 1993). Sexual killers face similar symptoms however their actions hinge more towards a sexual assault of their victims. School killers act due to some perceived wrong done to them. Bullying plays a critical role in activating the onset of their rage (Greenya, 2001). Michael Carneal, a classic example, who was constantly picked on and taunted one day got a gun and decided to act out. He ended up killing three students. Another category is that of killings committed during another crime. Killing is not the main intention of this type however the situation escalates into one that involves murder. Fifteen year old Sandy Shaw lured a twenty four year old into the Nevada desert with the intention to rob him however the crime resulted in the victim being shot six times. Hate crimes that children indulge in are a by product of anger and hate and pent up rage. According to Tru Crime Library, two boys, 17 and 14 shot a gay man in the head and ran him over repeatedly only so they could brag to

Public Health and Health Care Paper Essay Example | Topics and Well Written Essays - 1250 words

Public Health and Health Care Paper - Essay Example Generally, the private sector in any health care system of a nation consists of diverse nongovernmental institutions of varying scale and scope. Public health is basically financed with government’s funds solicited from tax revenues. In the United States, â€Å"the public sector includes official (or governmental) agencies, voluntary agencies, and nonprofit agencies.† (Delaune & Ladner, 2006, 60) This essay is hereby written with the objective of describing public health and its role in the delivery of health care services. It aims to describe a selected public agency and determine its contribution to the core functions of public health. The essay will also examine specific ways the agency influences the workplace and health care provider. Finally, the roles of the agency workers are to be identified, including specific responsibilities, competencies, and skills. At the top of the hierarchy in the public sector’s delivery of health care is the U.S. Department of Health and Human Services (DHHS) which is the sole governing body tasked with the responsibility of delivering health care services to the public. Next in line are state departments of health which vary in providing health care to their constituents. The state departments of health eventually relegate and coordinate health activities of local health units. A report from the USDHHS on Public Health in America proffered the public health sector’s vision as â€Å"healthy people in healthy communities† with the mission of â€Å"promoting physical and mental health and preventing disease, injury and disability†. (DHHS, n.d., 21) The national governing body ensures that its role in the delivery of health care services to the public encompasses the following core functions, to wit: â€Å"prevents epidemics and the spread of disease; protects against environmental hazards; prevents injuries; promotes and encourages healthy behaviors; responds to disasters

Anthrax Essay Example | Topics and Well Written Essays - 1000 words

Anthrax - Essay Example They are of three types: Symptoms: The causal agent does not cause the infection immediately but requires incubation period from 7 to 60 days. The initial symptoms are similar to flu with a very high temperature > 100 F followed by coolness or sweat. It may give chest distress, difficulty in breathing, muscular fatigue. The symptoms also include non-productive cough, aching throat, headache and nausea, loss of appetite, abdominal distress, vomiting or diarrhea (Mikesell,). 1. Cutaneous anthrax (skin): The causal organism gains entry in the body through a cut or an abrasion especially when a person encounters either contaminated animal products or diseased animal. The organism establishes the infection with a raised bump similar to an insect or mosquito bite, followed by itching. After 1-2 days it develops into a vesicle which takes the form of a painless ulcer. This ulcer after 7-10 days becomes black necrotic in the centre called as eschar. The body responds to this by swelling in the adjacent lymph glands. Fever, headache and distress occur. It could be fatal if antimicrobial treatment is not given. 2. Inhalation anthrax: The incubation period varies from 2 to 60 days. The symptoms are similar to common cold or sore throat with a mild fever and muscular pain and malaise. It is not contagious but if untreated the condition results in severe breathing discomfort, shock, symptoms like pneumonia or may give rise to meningitis. It may become fatal in 24 to 36 hrs. 3. Gastrointestinal anthrax: It is more severe form of anthrax than cutaneous form, caused by the consumption of contaminated animal product. This is featured by an acute inflammation of the intestinal tract. The condition onset with nausea, vomiting with blood, followed by loss of appetite, fever and severe abdominal pain and severe diarrhea with blood. It may be fatal in 25-60% of the cases as ascites fills the abdomen, followed by shock an death within the span of 2-5 days. 4. Oropharyngeal anthrax: It is not a popular form of anthrax. This encompasses fever, swelling in the lymph nodes especially in the cervical region and severe throat pain and discomfort in swallowing. Sometimes ulcer may appear at the basal region of tongue. If condition is not cured then breathing distress occurs (http://www.bt.cdc.gov). Treatment and Prevention: The disease is not contagious but the fomites of the patients may be contaminated with the spores of the causal organism. Decontamination of people and belongings is crucial with an antimicrobial agent or with bleach especially formaldehyde as chlorine is ineffective to kill vegetative cells and also the spores. Articles can be decontaminated by boiling them in water for at least 30 mins. Timely care and antibiotic therapy can enhance the chances of survival of the victims. Therapy can be started with the oral course of antibiotics followed by intravenous doses (IV). Fluoroquinolones like ciprofloxacin (cipro), doxycycline, erythromycin, vancomycin or penicillin. Early antibiotic prophylaxis can prevent the disease taking the fatal form. Quarantine

Internal and external environment Essay Example for Free

Internal and external environment Essay Introduction Internal and external environment of each company is a concept of poles apart. The knowledge of human is influenced by various factors that are surrounding the environment in which that an individual is placed. A continuous and steady improvement is the order of the day for increasing the human efficiency in working environment. â€Å"THE modern business man is the true heir of the old magicians. Every thing he touches seems to increase ten or a hundredfold in value and usefulness. All the old methods, old tools, old instruments have yielded to his transforming spell or else been discarded for new and more effective substitutes. In a thousand industries the profits of to-day are wrung from the wastes or unconsidered trifles of yesterday†(Scott, Walter Dill, 1998 Increasing Human Efficiency in Business, Chap. I. pg. 1) The era of computerization is system based approach at every level of working, whether it is in business, management, information technology or any industrial and social sector. The adherence to system has been fruitful in all aspects and also in locating the risk areas that can be monitored to avoid such risks with appropriate standards of management techniques and tools. Definition of system and Manager’s adoption of principles of system A system is defined as an organized, unitary whole composed of two or more interdependent parts (subsystems) where the whole contains identifiable boundaries from its environment (suprasystem). The practice of system is based on system principles and methods which are to be understood by a manager are : (1) Define company as a system (2) Establish system objectives (performance criteria) (3) Identify wider systems (environment). (4) Create formal subsystems (including a humanistic, psychosocial subsystem (5) Integrate the subsystems with the whole system (if not the subsystems themselves, whatever interrelates them with other subsystems. There are various aspects that are co-related with systems approach in terms of management of external and internal environment and how management theory is applicable in legal matters and what is the status of manager in communication in solving complex issues that arise from time to time in both external and internal environment. This is another way of stating that a manager has to be dynamically competitive and work advantageously in both environments with the prop of system theory. Systems theory as prescribed above, requires a complete in-depth understanding about working of a company apart from day to day analysis of performance within and outside environment of a company. The tools that are effective in measuring and managing the affairs of a company are viz., time management, risk management, supply chain management, team management, customer relation management, operation management, management of information systems, decision supportive systems and organizational behavior. A continuous persisting efforts of a manager produces emergence of new ideas and strategies apart from assisting in identifying key areas of a problem. It can also be stated that problems produce some of the best systematic ideas that are recognized as best strategies in the long term for the benefit and growth of a company. †And while the body is confined to one planet, along which it creeps with pain and difficulty; the thought can in an instant transport us into the most distant regions of the universe; or even beyond the universe, into the unbounded chaos, where nature is supposed to lie in total confusion. What never was seen, or heard of, may yet be conceived; nor is any thing beyond the power of thought, except what implies an absolute contradiction†. â€Å"But though our thought seems to possess this unbounded liberty, we shall find, upon a nearer examination, that it is really confined within very narrow limits, and that all this creative power of the mind amounts to no more than the faculty of compounding, transposing, augmenting, or diminishing the materials afforded us by the senses and experience†(Raleigh, N. C Alex Catalogue, An Enquiry concerning Human understanding, Sec. II. The origin of ideas, pg. 11) Ideas are the final output of thinking process, which has to undergo a brain storming session, group discussion and after several workshops, a company launches a new product.

Trifles Film Adaptation Essay Example for Free

Trifles Film Adaptation Essay Susan Glaspell’s Trifles is a play about a murder mystery that is loosely based on an actual murder case that the author covered while working as a reporter for the Des Moines Daily News (Ben-Zvi 143). Since the play is written in 1916, a time when the boundaries between the private and public spheres are beginning to break down, it strongly reflects on the culture-bound notions of sex roles and gender. Back then, women are thought to be concerned about insignificant issues that hold little to no importance to the true work of society, also known as trifles, just as the title of the play suggests. In 2008, Ghost Ranch Productions, with director Pamela Walker, who plays Mrs. Wright herself, produces Trifles, a film adaptation of Glaspell’s famous play. Through the creative use of literary elements and some small alterations to the plot, dialogue, and setting, Walker effectively demonstrates the play’s major theme of gender differences in the film. Exposition is the first difference between the beginning plot in Glaspell’s play and the film adaptation. Exposition or introduction â€Å"brings out everything the audience needs to know to understand and follow what is to happen in the play† (Roberts and Zweig 890). In the first part of the play, the plot begins when the sheriff, his wife, the county attorney, and a man named Mr. Hale and his wife all enter the Wright’s disheveled kitchen where they assemble and plan for the investigation of Mr. Wright’s murder. The play’s exposition shows its audience that the entire play is about finding the evidence needed to solve the crime. At the beginning of the film, on the other hand, a scene showing Mrs. Wright’s strange and depressed demeanor, particularly in a scene where Mr. Wright’s voice is heard harshly yelling at his wife in the background, points its audience toward the intriguing thought that she may be a victim of domestic violence. The creative exposition of the film reaches beyond what the play originally describes. It not only tells the audience what they need to know about what will happen next, but also creates a scenario that progresses to a more dramatic climax. The film adaptation shows some dialogue alterations, particularly in the part where the county attorney interviews Mr. Hale, the first man to discover Mr. Wright’s lifeless body. In Glaspell’s play, Mr. Hale describes everything verbally when he is asked for the details of what transpired on the day he discovered Mr. Wright’s murder. In the film, instead of Mr. Hale describing all the details and telling his side of the story, a different scene is created. The scene shows Mr. Hale paying John Wright a visit and being greeted by an expressionless Mrs. Wright sitting on her rocking chair. All the dialogue in this scene is exactly as described by Mr. Hale in the play except for one line where he says: â€Å"And then she—laughed. I guess you would call it a laugh† (917). In the film, Mrs. Wright did not laugh or show any kind of expression associated with laughing. Her unemotional facial expression and vocal tone are consistent throughout the scene, which can be interpreted as someone who does not care about her husband’s death or someone who is emotionally battered by the thought that her husband was just murdered. The setting of the story is during a cold winter in the early twentieth century, and the action happens in the kitchen of a farmhouse in the American Midwest. Unlike in Glaspell’s play, the film shows several series of short scenes at the beginning that help establish not only the events that take place in the kitchen, but also the surrounding area and the nearby town. The setting is described as the â€Å"natural, manufactured, and cultural environment in which characters live and move, including all their possessions, homes, ways of life, and assumptions† (Roberts and Zweig 1448). Glaspell’s play only describes a setting of a gloomy kitchen in an abandoned farmhouse. On the other hand, the film shows a broader scope, including the gloomy and snowy weather, which makes Mr. Hale’s shivering coming from the outside more realistic. The alteration to the setting in Glaspell’s play not only helps with the mood of the story, but also helps the audience to visualize what is going on and connect to the characters better. Overall, despite the minor differences and alterations to the plot, dialogue, and setting, both the film adaptation and Glaspell’s play effectively illustrate the main theme of gender relationships and power between the sexes. On the surface, it seems that Trifles is only about the competing roles and different perspectives of men and women; however, this is only one important part of the play. Digging deeper, one sees that Trifles is about a concept that is even more profound. It is about how we pursue the truth, how we come to explain and interpret it, and how we value it.

English Language and Cultural Homogenization

English Language and Cultural Homogenization Abstract In this paper, I will look at the subject matter of English language and the relative importance it stages in the sphere of globalization and cultural homogenization. The usage of English language has intensified the ongoing process of the modern communicative world amidst the impact of socio-cultural globalization. Its competency in the global scenario is highly sought in communication as also in occupying better positions in the market economy as an inter-linkage of understanding between two or more countries that inhabit cultural attachment of ones own language. However English language is criticized on account of heterogeneity that exists in the world countries which often provoke conflicts, along with the varying cultural settings through different practices and physical characteristics, and for which language is one that define their cultural background. Despite the fact that English language being the most influential panorama in the global language field, especially on the so cio-cultural aspect, it has been argued that its impact has devalued certain cultural norms and practices which is meant to have a negative impact on the language and culture of certain countries, especially of those colonized countries and the non-English speaking cultures. Nevertheless English language has a great impact on how people view themselves and others in the diversity of cultural background and within ones own cultural milieu. Furthermore, English language and its mode of education have a greater impact on our culture and relevant understandings. Despite being critiqued in many aspects, it establishes a dominant feature in the process of globalization with the subsequent effect it has on the socio- cultural exchange and learning. Introduction Language is one of the most important tools that greatly distinguish the capacity of human beings, placing humans at the top of the evolutionary ladder (Neuliep 2006: 246). Anthropologist and linguist like Edward Sapir argued that the language of a culture has an impact on the people belonging to that particular area on how they think, how they perceive the world around them, how they view their natural and social environments; Similarly, Whorf also stress on the idea that the languages of the people determine different types of observations that helps perceive the world differently (Ibid.). This led to the Sapir- Whorf Hypothesis that rests on two principles- the principle of linguistic determinism which believes that what one thinks depends on what language one speaks and the principle of linguistic relativity which determines that the different views of the world as seen by the speakers are based on the different languages they belong to. While there are linguists who believe that the language of the people is determined by the vocabulary and the grammar structure that corresponds to the nonverbal culture depending on the geographic, climatic, kinesic, spatial, and proxemic aspects of culture that shows itself to the cultures language (Ibid.246-248). On one hand, the varied forms of vocabulary and the meanings attached to the language is a form of culture and as such language and culture are inextricably linked; while on the other hand, a groups language defines their cultural group and cultural identity that enable social bonds stronger  [1]  . Language make possible, people belonging to different cultures, to communicate effectively that are in a way enriching ones personal and professional connectivity. It is an important tool for a knowledge based skills attitudes which incorporate ideas, customs, habits, and values that enable oneself to participate in the local and international subjects, while enriching ones personal and professional life  [2]  that characterize its impact in the process of the socio-cultural globalization. Language determines the historical tradition of people and their respective culture that are rooted in their attitudes and behavior through varied form (Ibid) In the domain of socio-cultural perspectives, Waters (1995: 3) defines globalization as a social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding (in Sengupta 2000: 3140). Certain terms that attributes to the global culture effects are Westernization, Mcdonalisation or Cocacolonization which are much talked about in the discourse of globalization, to which Westernization draws much of its critique on account of the relative effects that draws upon the rest of the world as much as cultural diffusion is concerned (Ibid.). In addition, those factors that influence the process of globalization are met through symbols of values, preferences and tastes, and not through economic materials and political power exchanges (Ibid. 3141). In the domain of establishing English language as a global practice, Britain and United States seem to have an upper hand because of its strong political and economic power for the past two centuries. The use of English Language in the fields varying from publishing, science, technology, commerce, diplomacy, air-traffic control and popular music, are drawn mostly by the aforesaid countries to forming a well known world language more popularly  [3]   English Language in the Globalization era . In the earlier times, there was an indication with regard to English as a world language, i.e., The International Herald Tribune, the former New York Herald Tribune described as The worlds daily newspaper (Phillipson 2001: 188-89). English language is perhaps the most well known language in the world spoken by native as well non-native speakers. Globalization is the buzzword the world is talking about and there are extensive literatures that relate to it but there is not much literature that specifically relates to globalization and the English language as much as the study on the global English is concerned (Ibid.). English competency is regarded as an essential tool for survival in the era of globalization, which is predominantly used in the computers when the world is largely interpreted through it  [4]  . The language of English is very popular worldwide that it has an immense role in specifying the dominance of communicators in the present globalization times that affects socio-cultural identities. The language of English is also a central part in the dominance of international politics and commerce  [5]  while also in the military links  [6]  and culture  [7]  (Phillipson 2001: 187). In the European Union too, there is much visibility on English being its dominant language, while in the central Europe the knowledge of English language is now a basic skill for a modern adaptability just like any other skills like driving a car or using a computer  [8]  . It is therefore acknowledgeable that English language is regarded as an international language that enable people to understand the ways of the world better and even communicate more smoothly  [9]  . It enables people belonging to different cultural background to come closer and to understand each other better through the communicative mode of interaction. English language is now regarded as the dominant language in the world, more popular than French because the latter is seen to be losing its ground of priority in its studies and in the everyday usage  [10]  . Further, Arnold (2006) stresses on issues as to how in the global world the English language implicates the non-English speaking culture or countries to construct itself to a form a global culture, while denoting that the globalization effect on socio cultural aspect is also caused by the colonization influences and power. Then there are instances where, about 6000-7000 spoken languages and many more sign languages and hundreds of languages across the national borders, in addition to the role of the monolingual speaking nation states that greatly affected the marketing systems and the consequent threatening affects caused by globalization (Phillipson 2001: 188-89). Critical aspects of English Language in the globalization era There are a lot of controversial issues as much as the conceptualization on English as the global language is concerned. Even though the language has marked its potency as an essentially standardized form in the speaking languages of the world, it has been critiqued for its limitations because it cannot be applied to every country or speaking communities in the world. Phillipson (2001) mentions that majority of the worlds citizens do not speak English, whether as a mother tongue or as a second or foreign language and as such, urges upon scholars to analyze things in this particular matter as to whether the English language really do serve the need of the citizens in the world or, if its use serve the better of everyone in the world if it is being considered as the world language. A lot of decisions that affect the worlds population are taken in English including the educational academics and including the scholars , and as such it is questionable as to whether it serves the interests of people in the world or whose interests does it actually serve? (Ibid.189). In addition, the colonial legacy in India is considered as capturing not only the regions economy and territory but in conquering minds that further states that the educational policy of the British was based to create A class of persons, Indians in blood and colour, English in taste, in opinion, in morals and in intellect (Ibid. 189). Likewise, we can find the dominance of the English language at every educational institutions and universities, as also of the distance educational policies and purposes. On critiquing the diffusion and domination of the English language, it entails that the promotion of one language (English) and one culture (the USAs) at the expense of others through linguistic imperialism with a system of production and ideologies brings about an economically expansionist and exploitative world order, while Agnihotri and Khanna (1997) argue for a need to shift language planning paradigms so that English would sustain and not destroy the multi-lingual ethos of India (Ibid. 193). While there is a prominent diffusion especially on the part of English language spreading throughout the world, it is also important to preserve ones language that incorporates its cultural settings. On account of this, it well known that apart from ones mother tongue there are numerous people who speak English which has an enormous effect on ones identity. In this regard, it has been argued that the cultural attachments in a language dies once there is a prominent and constant use of English while the local one diminishes, and as such, there is a need to stress to preserve linguistic diversity so that ones culture be prevailed (Arnold 2006) In the process of globalization, the World Bank also retains the usage and role of English as the pioneer of educational policy along with other transnational corporations including the European Union (EU), while there are certain corporations that aid and provide funding projects  [11]  in order to upgrade their business for the purpose of English and likewise, making use of English education for business purpose (Phillipson 2001: 190-92). David Blunkett, the British Minister for Education and Employment alleged that they make use of English language as a tool for economic development and competency, while they also intends to expand their culture overseas from the viewpoint of cultural globalization (Ibid.). With the globalization as the spark of the various ongoing factors between the world countries, even the usage of the present Information Technology (IT) characterizes English as the e-language of the world. English language being supposedly the language of electronic globalization at the present world was also the language of geographic globalization in the earlier times which has an impact on the related cultural imperialism (Arnold 2006: 2). This effect that it has on the colonized countries and their relative cultures is understood to have a negative impact as far as preserving ones original identity and culture is concerned. In this connection, it has been critiqued that English language as global language destructs the non-English speaking communities  [12]  , which is understood to be affecting their local cultures lives. It is therefore assumed that considering English language as a global form of language will be like one world: one dictionary or questions if it could al so mean one world: one language?  [13]   The British culture is considered as the most dominant in the cultural imperialism effect, as also because of the fact that it has influenced the culture of the world education that lines through Africa, America, Asia, and Australia; it has enabled to form a sort of community different  [14]  from its own cultural background (Ibid. 3). Hence, the English language is criticized on the base that it has led to a devalued form of our own languages in the community practices that involves our customs and beliefs, laws and preferred form of lives, which in turn has made our culture strayed from its original belonging. Nevertheless, the English language is considered as the strongest of all global influences as far as the diffusion of languages are concerned (Ibid.). The imperialistic attitude of English language in the globalization process is also seen at the two theories namely Exploitation Theory which is the imperialistic form of approach and the Grassroots Theory that takes a neut ral role in the cross border communication process  [15]   Impact of English Language on globalization and cultural homogenization After the II world war, the globalization effect brought with it the free trade agreement  [16]  that further led to transfer of goods and services (economic as well cultural); the economic front were the production, trade and transportation while the cultural transfer in the form of music, art, fashion and lifestyles, communication through World Wide Web and Language  [17]  . This aspect of goods and service transfer in the globalization process places English language as one important aspect, that in turn has a huge impact on the level of communicators linkages, locally and internationally, and this criterion makes English as the dominant form of communication process in the globalized world. With the globalization effect and the role of information technology that has ushered in, the earlier definition of geographic colonization has terminated to formation of an electronic globalization that has now role to play in the socio-cultural aspects of peoples life, in a way that geography does not matter anymore, however that, local lives can be lived and stretched out through electronic ways of communication and sharing ideas and knowledge (Arnold 2006). English language is predominantly used as the global mode of communication that has a greater affect in the global culture characterized by a form of modernized e-language throughout the diffusion of culture sharing. Hence, English language is characterized by its impact on the homogeneity and heterogeneity of world cultures despite being critiqued that it is based on its colonized mission and strategies that furthers the problem of non-English speaking communities. Its enables one to identify the different cultures that exist s in the world and also to view ones own within the cultural background and the diverse set of practices in the world on account of it. Redman (2002) have argued that, communities that express their languages and cultures are learning to become homogenized and for which English spans the divide between people and cultures. It isnt owned by Britain and America: now it belongs to everyone, in addition, Burnett (2004) argues that English language could belong to everyone and all the practices and cultures of other languages vanish or of no usage any longer (in Arnold 2006: 3). The globalization and technological intervention has brought about a most popular form of a web-based language- English language that has initially led to a formation of a new form of culture and language authenticity (Ibid.). Hence the web-based English language is intensifying the process of communication and in sharing world wide cultures across various communities. The role of English language has a great impact on various aspects such as political, economic-business, education, socio-cultural and other factors that vary from local to international perspectives. Its usage is like opening windows to the wider world that is believed to bring about economic progress and a better means of communicating for any kind of international understandings  [18]  . English language is taking over the world communicative process and hence, the local culture too (Arnold 2006). Arguing on a topic as to whether English language is a killer language or not, it has been observed that it is not necessarily a killer language because it acts in accordance to situation or dominance, while another important aspect of it is that, it does not merely impose applications of vocabularies to other countries; it has also been adopting itself to the expressions of other languages and cultures  [19]   Eventually it has led to the formation of a borderless world, a techno-driven on the global real/virtual basis of online connectivity, a global culture, often described as the culture of global village (Arnold 2006). According to Krishnaswamy and Brude (1998), the English language and its spread in the global world of developmental aspect after the two world war was that It is almost as if God said, Let there be language, and there was English, while it is also seen as a necessity and a form of key to success in the process of globalization (Kak 2005: 39) Conclusion English Language has brought about an immense cultural interlink age through the communicative process along with the role of the educational system that it hinges upon in almost the entire world. As such, it stages a relative importance in the sphere of globalization and cultural homogenization process. The mode of communication has greatly intensified the sharing of ideas and knowledge of the world cultures. The Information Age has made the means of communication a lot easier and the cultural homogenization stronger. It has globalized countries that inhabit their own cultural attachment through the diffusion of languages and most importantly specifying the dominance of English language in the process. Even though it has been criticized on account of the conflicts that arise because of heterogeneity or being blamed for devaluing certain cultural norms and practices, it has a great impact on the cultural homogenization in the form of blending knowledge, ideas and cultures through the effects of information and communication process, be it virtual or real and vice versa. The globalization era has therefore greatly enhanced the role of English language and its impact on the cultural homogenization enabling people to come closer beyond boundaries in the diverse set of different cultural backgrounds into forming a cultural homogenization.

Old Man And The Sea :: essays research papers

In the book, The Old Man and the Sea, Ernest Hemingway tells a story of an old fisherman. The old man, named Santiago, had gone for eighty-four days without catching a fish. Santiago feels that the following day would be a good day because eighty-five is his lucky number. The following day he gets up before dawn and sets out for a day of fishing. He had set one bait at forty fathoms, the second at seventy-five fathoms, and the third and forth were at one hundred and one hundred and twenty-five fathoms. While Santiago is fishing he sees a bird trying to get a flying fish that was being chased by tuna. The old man tries to put his boat over the school of tuna in hope of getting a catch. Suddenly something hooked itself on the bait that was set at one hundred and twenty-five fathoms. The old man had caught a huge marlin that was now pulling him out to sea. The fish continued to pull the old man out to sea for about 3 days. The old man survived by putting one of his other lines out so th at he could catch fish and eat them in order to keep his strength. On the third day he finally caught the fish. He had pulled the fish in slowly and then threw his harpoon at the fish's heart killing it instantly. The old man tied the fish to the side of his skiff and began to sail home. As he was sailing a shark took a large bite out of the fish he had caught. The old man harpooned the shark in his brain, and as the shark rolled off of the fish it took the old man's harpoon with it. The old man knew that there would be other sharks that would follow the scent of the fish's blood. He tied his knife to the butt of one of his oars. Two more sharks came and the old man killed them both. The second shark broke the blade as it rolled off the fish. Desperate, the old man waited for the other sharks. All he had left was a club, and he was going to use it. More sharks came, but this time in a pack. The old man desperately fought off the shark with his club, but the club was grabbed from his hands.

Effective Teaching of Abstract Algebra :: Mathematics Education Papers

Effective Teaching of Abstract Algebra Abstract Algebra is one of the important bodies of knowledge that the mathematically educated person should know at least at the introductory level. Indeed, a degree in mathematics always contains a course covering these concepts. Unfortunately, abstract algebra is also seen as an extremely difficult body of knowledge to learn since it is so abstract. Leron and Dubinsky, in their paper  ¡Ã‚ §An Abstract Algebra Story ¡Ã‚ ¨, penned the following two statements, summarizing comments that are often heard from both teacher and student alike. 1."The teaching of abstract algebra is a disaster, and this remains true almost independently of the quality of the lectures." (Leron and Dubinsky agree with this statement.) 2."There's little the conscientious math professor can do about it. The stuff is simply too hard for most students. Students are not well-prepared and they are unwilling to make the effort to learn this very difficult material." (Leron and Dubinsky disagree with this statement.)(Leron and Dubinsky, p. 227) Thus the question is raised: if there is something the "conscientious math professor can do about" the seemingly disastrous results in the learning of algebra, what is it that we can do? As a teacher of undergraduate mathematics, I want and need to know what these effective methods of teaching abstract algebra are. Leron and Dubinsky's paper referred to above and papers resulting from their research contain the bulk of literature that I reviewed. In this paper, they summarize their experimental, constructivist approach to teaching abstract algebra. Among the classroom activities are computer activities, work in teams, individual work, class discussion, and sometimes a mini-lecture summarizing the results of student work (which by this time is familiar to them), providing definitions, theorems, and proofs in their abstract forms. The computer activities use the ISETL programming language. As an example of its use, students write a program implementing the group axioms. They then can enter what they consider to be a group, and the computer will give as output a true or false response. They can use the same process to determine whether their proposed group is closed, has an identity, etc. They choose their answer and then let the computer respond. In this way, students  ¡Ã‚ §construct ¡Ã‚ ¨ the group process, with the view that they will also have a  ¡Ã‚ §parallel construction ¡Ã‚ ¨ occurring in their minds. Students have an experience on which to base their learning of group theory. The method proposed here by Leron and Dubinsky certainly seems patterned after Dubinsky's theoretical foundation for student learning laid out in his work  ¡Ã‚ §Reflective Abstraction In Advanced Mathematical Thinking.

Mobile Phones In Business :: essays research papers fc

Introduction to Mobile Phone Mobile Phone is a wireless device that emits RFR (radio-frequency radiation) to transmit data and allows people to communicate anywhere. It can be carried anywhere as long as there is a signal transmission. There are three types of Mobile coverage, which are: AMPS, GSM and CDMA AMPS (Analogue Mobile Phone System) It is an analogue signal and system for transmit data and be used for mobile communication. The strength of this system is it has a better network coverage than GSM. However it is the most insecure mobile phone. This system is also going to be closed in Australia until end of 2000 as the government states that analogue signal make the frequency too crowded. GSM (Global System for Mobile Communication) It is a digital system that converts from our voice to digital (pulse) and transmits it to air for mobile communication. The strength of this system is it is more secure than analogue system. On the other hand, the weakness is the signal is not as strong as analogue system. CDMA(Code Division Multiple Access) It uses a digital systems but it is not pulsed as GSM did. The strength of this system is it has the best signal receiver, and it is secure communication. However, it is just being introduced in Australia and the rest of the world. <div class="sub-title">Network Provider in Australia Optus Optus stated that they have 93% population coverage, which means, the capacity of the network that Optus can carry is up to 93 % of total population. It also has strength, which it has the lowest congestion rate (making and receiving call) Telstra Telstra stated that they have 94% population coverage, which means they can carry up to 94 % of the total population. Their strength is they have better network signal compare to other competitors. Vodafone Vodafone have 91% population coverage. Their strength is they are international recognition so people will believe that they have more experienced worldwide. The market shares of these companies are as follow: Telstra 49%, followed by Optus 33 % and last by Vodafone 18% <div class="sub-title">The Users of Mobile Phones Business People It is obvious that most of business people in Australia use Mobile Phone now. It can be seen from the street that almost every business people have a mobile phone. Rural Business People It is important that rural business people to be able to communicate to other people, as sometimes the lines connection to rural area is not available.

An Inspector Calls 13

We don’t live alone. We are members of one body. We are responsible for each other. How does Priestly present this theme through the use of character, action and dramatic devices? ‘An Inspector Calls’ by ‘J. B Priestly’ is a post world war 2 drama set in 1912. The play is set in the industrial town of Brumley, the play is set in the front room of the Birling household. The play follows the classical unities rule where the play is set in one place, this allows future interpretations of the play to be less imaginative in where they set it, but it does mean that they can add more detail to the set as it never changes.The Birling family is a lower upper class family who have benefited from the industrial revolution. In the Birling family there are four members and one soon to be member of the Birling family; there is Mr Arthur Birling, Mrs Sybil Birling, Sheila Birling and Eric Birling. The soon to be family member is Gerald Croft. During act one they get a visit from Inspector Goole. Inspector Goole is a very secretive character who likes to keep his card close to his chest. The inspector is here to piece together events that led to a girl’s suicide; this girl is called Eva Smith.Pristley is socialist, he believes in equality between everybody; he uses the inspector as his mouthpiece for his socialist views. The Birling family have capitalist views, these are that not everyone is equal; you have to work and earn money to be successful. They are also quite a smug family, who only have interests for there own priorities. The Inspector wants to teach the Birlings about social responsibility; social responsibility is about looking after everyone is your community, not just your own interests.The play itself is set in 1912, but it was written in 1945 and first performed in 1946. This gives the audience hindsight into events that have happened in between that time. Mr Birling mentions the Titantic being ‘unsinkable, absolute ly unsinkable’, although the audience knows this isn’t true as the Titanic sank on its maiden voyage. The characters in ‘An Inspector Calls’ are very important, as they’re views and beliefs play a huge part in the story. Mr Birling is self-centred man, with only interests in money. He believes money is more important than people.He would rather sack someone instead of giving them a small pay rise, even if they were a very skilled worker, as in the case of Eva Smith. He is an avid believer in capitalism, he is a social climber, he started his business with nothing and climbed up the social ladder to where he his now. Mrs Birling is a very arrogant and snobby person; she chairs a charity called the ’Brumley Women’s Charity’. It was set up to help unprivileged women try get back on there feet if they are exceptionally poor. Although, Mrs Birling uses it as a social status to make her look like an individual that has social responsi bility.Mrs Birling is the complete opposite, she abuses her position as chair of the board, she has a big influence on the board, which she uses to turn down Eva Smiths application. She has the least respect for the Inspector of all the characters. She tries – unsuccessfully – to intimidate him and force him to leave, then lies to him when she claims that she does not recognise the photograph that he shows her. Gerald Croft is the fiance of Sheila. Gerald is the son of a very wealthy business man who is in a trade war with Mr Birling and his company.Gerald and Sheila coming together in marriage is seen as a huge gain towards a partnership between the two businesses. Gerald is in his fortys, he has views of both the older generation and the younger generation. The inspector is worried that Gerald will follow the views of the older generation. The inspector see’s the younger generation’s views as the way forward in life as the older generations views are ca pitalist and self-centred. The two younger characters in the play, Eric and Sheila Birling are seen by the inspector as a shining light of hope for the future of the family as there views are open to new ideas.Eric is seen by his parents as being venerable so they have kept him on a close watch. Eric seems  embarrassed and awkward right from the start. The fist mention of him in the script is  Ã¢â‚¬Å"Eric suddenly guffaws,†Ã‚  and then he is unable to explain his laughter, as if he is nervous about something. (It is not until the final act that we realise this must be because of his having stolen some money). Sheila is the fiancee of Gerald; she has views of the younger generation, but let her anger come over her when in the clothes shop Milwards in which Eva Smith worked in.Sheila used her famiy’s wealth to force the Milwards manager to sack Eva because Eva smirked; Sheila claimed that Eva was mocking her. Although she has probably never in her life before consider ed the conditions of the workers, she shows her  compassion immediately she hears of her father's treatment of Eva Smith:  Ã¢â‚¬Å"But these girls aren't cheap labour – they're people. † Within  the play  Ã¢â‚¬ËœAn Inspector Calls’, Priestly uses numerous dramatic devises to get across his message of moral, class and political influence.The first hints of his central themes are imposed when Priestly describes the scene and setting of the first act. An immediate perception is given off towards the audience of ‘heavily comfortable house. ’ With this being a place of constant setting, a reflection of real time and naturalism is released. The lighting prescribed for the scene also creates the mood of  the play. Priestly states within his stage directions the lighting should be ‘pink and intimate’ prior to the inspector arrives a shaded glow of rose tint then should grow ‘brighter and harder’.In context and example of th ese stage directions are as pursued. ‘The dining room of a fairly large suburban house, belonging to a prosperous manufacturer. It has good solid furniture of the period. At the moment they have all had a good dinner, are celebrating a special occasion, and are pleased with themselves’. Another devise used to enhance  the play  writer’s dramatic concepts is the use of dramatic irony. These are used when the knowledge of the audience exceeds those of the characters within  the play.This technique of dramatic irony is in attendance when Mr Birling makes self-assured conjectures about the coming war and the ship Titanic being unsinkable. For example Priestley uses techniques to expose Birling’s naivety and generation gap. Tension is also secured throughout  the play  as each character holds significant connection with the suicide victim, Eva Smith, who represents the universal populace. By making Eva a representation rather than a real character the moral of  the play  is taken more literally. The contribution from each character also produces a deeper and more involved structure towards  the play’s plot.Timing which features as a critical decisive; with stage directions of speech, movement exits, entrances and sounds. A strategic illustration of this is the arrival of the Inspector instantaneously, subsequent to Mr Birling notifying Gerald about his imminent knighthood and regards of how ‘a man has to look after himself and his own. ’ The Inspector, the true mouth piece of Priestly adds a dramatic tone. The character is directed with the use of pace and tension and presents each idea and enquiry without conjunction, by observing and exposing each statement from an individual’s account.This method slowly throws light on the core of Eva’s life and the real effect of classes on a wider population. Inspector Goole is the eponymous character in An Inspector Calls' by Priestley who has many f unctions. Primarily, he is introduced to the play to interrogate the Birling  Family  and Gerald Croft, but Priestley also uses him to move the plot forward and as a device for the writer to voice his opinion, furthermore he controls movement on stage, encourage the characters and audience to learn from their mistakes and to create moments of tension and mystery.The Inspector creates moments of tension in the play, mainly at the end of Acts One and Two where something happens and the audience is waiting for someone to confess their relation to the death. Inspector holds up a hand. We hear the front door. They wait, looking towards the door. Eric enters, looking extremely pale and distressed. He meets their inquiring stares. Curtain falls quickly. At this moment, the audience would be on the edge of their seat and because the Three Acts are continuous, this act change is just in the right place for creating a cliff-hanger.This also happens at the very end of Act one where I have quoted above, and these moments aren't just at the end of the acts, they can also be in the middle caused by a passing comment. â€Å"Naturally I don't know anything about this girl† claims Mrs Birling. Inspector â€Å"well, we'll see, Mrs Birling†. This is just a very short sentence but it gives the audience a hint of what is to come next and that Mrs Birling has a connection to the death and they just want to find out what it is. I think the Inspector is very successful in putting Priestley's point across and that he captures the audiences' attention really well with his gripping speech.The Inspector is the creator of all of the drama, tension, intrigue and mystery in the play An Inspector Calls' and he is used incredibly well to capture the audience’s attention. I think that Priestley, as well as using him as the main character in terms of development in the storyline, has really just used him to echo his own views. This is to give a rather obvious moral to t his play saying that everybody's actions affect everyone else and no one should be selfish as it could influence someone's life greatly in a chain of events. Priestlys message is still relevant as the gap between the classes is ever increasing,

Advertising Objectives Essay

Furthermore, Budweisers mission is to pursue a semipermanent growth strategy by engage high intake food markets and attaining a unfaltering market share among competitors. Budweiser has a loyal brand name domestically, but for this grumpy region it forget need to fulfil a penetration strategy. Also, Budweiser entrust stress on securing valuable distribution impart including pubs and highlymarkets. The harvest-tide positioning strategy reflects combative pricing and product specialty.Inherently, the product reflects ethnic values of the purport country, with attributes much(prenominal) as caffeine and topical anaesthetic flavors that represent regional preferences. The brand may potentially increment market share via acquisition of integrity investment. Tactical Details Product heterogeneous product attributes leave behind be localized to appeal to consumer tastes such as a diet/lighter version beer with caffeine. crack smaller glass bottles, which align with E uropean consumption volume trends, testament key out product packaging. The beer base content allow be standardized but with local flavors base on market explore.Also, found on potential research findings thither is a possible product filename extension for an all-natural beer at bottom the Austrian market. Additionally, products depart be available in mini kegs to foul the younger market share behavioral characteristics. Advertising Implementing TV, Radio, Direct mail, Print ads, and profit allow be necessary to bear on up with competitive advertising within this region. Messaging allow boil down on initially creating awareness. Ultimately, message strategies will introduce a global brand finished localized messaging.Internet advertising will be highly influential for the demographic market segment. Advertising will intromit viral ads, flash advertisements, and promotional incentives and carry sites such as MySpace and blogs (for the younger generation). Further more, sponsorship from ordinary celebrities or musicians for events and products will appeal to the target market. Personal Selling Face to facet education via account executives with clubs/pubs will be imperitive to create awareness and motivate front-line distributors.Additionally, personal points of contact in grocery stores and tops(predicate)/hypermarkets will be important in order to impact this a capacious portion of purchases. These tasks will be assure out to a local sales force that understands the culture, industry and competitive environment. workaday follow-ups and frequent interactions will be punctuate in order to maintain voiceless distributor relationships. Sales Promotion Incentives will be offered to club owners, super markets and so forth that will be base on volume discounts.A sales contest will excessively be commenced across the club/pub segment and the supermarket segment to increase purchases, emphasize product push through distribution convey and create awareness for caffeinated beer. Sub-brand specific websites will offer promotional incentives as sanitary (BOGO, etc). Sleek, appealing point of purchase displays will be exhibited in supermarkets. Promotional partnerships with file a company, such as put down iTunes downloads with purchase will be enforced to appeal to youthful market. diffusion Distribution will primarily focus on clubs/pubs, closely following the Red squat distribution model and its flourishing winner within this region. Distribution will also be emphasized in super and hypermarkets. Price Policy Pricing will remain competitive, but not premium. Also, establish on market research, pricing will reflect that of energy drinks. Product differentiation and promotional efforts will not focus on price, but instead localise to increase purchasing through incentives such as volume discounts. ResearchA partnership with an experienced European market research agency (i. e. EURO, RSCG) will be imperative to monitoring quality identification and target market acceptance. Research will closely examine brand recognition development over time. Data mine from distributors to track trends will also be influential in understanding consumption behaviors. Research will also be needed in evaluating the possibility of institution a more mainstream bud beer. Finally, based upon success within Austria, further research into surrounding countries will be necessary.

How to write an introduction for a dissertation?

The introduction might be since they developed, or once you have finished to reflect the stream of your arguments, you might want to rewrite it.The thing is that students typically tend to write dissertation good introductions that are lengthier than they are supposed to be. The whole point is lost and it becomes harder good for a reader to grasp the main idea. Writing a very detailed introduction is another common problem. In such a way, the surprise effect is spoiled and readers no longer need to familiarize themselves with the rest of the research study.A brief introduction will locate off the essay and wont create a fantastic impression.If you have an interesting example to illustrate your point, do not hesitate to do so, as it will immediately big draw the reader’s attention. Then, proceed to describe the topic of your dissertation. Define the subject you want to research. Try to choose something unusual or under-researched.

Keeping the debut can enable you to make sure check your research remains on track.Keep in mind that there is a difference between the objective and the problem clear statement of your dissertation. Use research questions to dwell upon the problem statement. The objective, in its turn, is the explanation of the reasons why you have decided to study this more particular issue. Thus, you will need to describe what you want to achieve with this further research study as well as what outcome you expect.Begin with the massive topic of the problem when youre considering how to compose a dissertation debut.Speaking about research design, you definitely need to mention it in your introduction to dissertation. Provide a brief summary of it. The last part of your brief introduction should be the dissertation outline. What you are supposed to do is to briefly describe how your unpublished dissertation is constructed.

It has to be intriguing so as to arouse interest, and stick out.In such a way, it is easier to present a coherent piece of writingâ€"with the help of which you will be able to explain to your target reader what the goal of your research study is.Speaking about the length of the dissertation introduction, how there are no specific requirements. This means is your introduction for dissertation should logical not look like an abstract. However, it does not also mean you are supposed to submit a huge document.Studies dont have hypotheses.It is totally normal if you cannot write a proper dissertation introduction on your part first try. It takes time, which is the reason why it is important not to stress worn out much about it. Take a break. The best advice is to get down to the easy task of writing an introduction for your dissertation when you are finished with unpublished dissertation writing.

In an abstract you must outline what your study is about in character.Make sure the interested reader understands the aims of your research, as well as what you are trying to achieve in the angeles long run. The more you dwell upon all these aspects in your introduction, the easier it good will be for readers to grasp your main idea. Therefore, they will be more able to understand what you are working on, what impact it is going to have, as full well as what results can be achieved if you are successful in reaching all these goals you have set.As the author of the dissertation, your main task is to make certain that the reader is interested in your research.This way youre confident that the research is made of premium quality and can be utilized on your dissertation, thesis or essay.Begin with outlining the main argument right away. In such a way, it will be easier for readers to understand what issue you are dealing with. Then, dwell upon the methodology you have used. Explain what tools you have chosen and special mention why you have decided to use those particular ones.

If at all possible, good look for a buddy or fellow-student with whom it is likely to swap in the same position several dissertations for proof-reading.Therefore, it is a great way to impress your target audience and motivate how them to keep reading to find out more about the subject you have well chosen to research. When you work on the task of writing the introduction, keep in own mind that you may not write everything at once. If you come up with new ideas, feel free to develop them and add to your introduction later on. Make sure deeds that the finished version remains coherent.The simplest way to construct a dissertation is inside-out.You may start to feel you will need to revise it and that your dissertation will forget not ever be good enough.

Intro to Microeconomics Study Guide Essay

political economy is the quid of tryst of singular options 1) Chapter unitary The teachings of Micro economicals a. quartet resources Land, Labor, crown (machinery), Entrepreneurship (human metropolis) b. precept 1 hatful daring duty take erupts, regimen withal faces them, the briny whizz the gov. faces is readiness vs. blondness i. ability is when every whizz who agnises the nigh, keeps the most situation ii. equity would be if every genius was valueed the equal c. doctrine 2 The live of roughthing is what you b little up iii. probability equal = the measuring of apportion- score you for fixate up something you lavatory suck posterior, to ca-ca something at once d. rule 3 wise muckle c every(prenominal) in at the security deposit iv. They do whats trounce for them and maximise benefits v. entail at the perimeter = intellection to the highest degree the following(a) mavin vi. beach= scurvy additive changes e. rule 4 flock reso lve to incentives vii. sets ar major(ip) incentives viii. Taxes/tax recognize f. article of be untruthf 5 condescension locoweed f wholly in every ane separate glowering ix. Everybody croup set x. to a greater extent garland of pleadds xi.Doesnt cease littlely describe every wizard relegate off ex Jamaica, NAFTA xii. wiz cooperator net be healthful and everywhere ply opposites g. regulation 6 merchandises argon a healthy representation to conspire economic bodily process xiii. tribe be command by self-interest xiv. commercialises ar where collectrs and suppliers stick to defecateher and trade-off put crosswises h. Principle 7 The political relation ground fix repair merchandise bycomes xv. important defend of governing follow up property rights xvi. governance roll in the hay timber in if in that respects mart failureexternalities occur (taxes screw be apply for cig arttes), bulk who bent in the mart atomic number 18 ffec ted xvii. judicature advise ill-treat in when theres food securities industryplace part xviii. Monopoly/oligopoly-government world power ill- use in 2) Chapter 2 What does it rigorous to signify handle an economist? i. objectively j. scientific order xix. Observe, hypothesis, discover vari satisfactorys, bundle data, demonstrate hypothesis, hunt down a stopping point k. intemperate to transmit a controlled image into in economic science l. eyeshade come down diagram = specie and ruins and go come down from introduce food food food foodstuff step upput foodstuff xx. liquefy of bullion market place for particularors of intersection (input market) households get income outlay on markets of trustworthys and go (output market) which generates tax income for firmswhich hold favour and tide rip for factors of output signal xxi. lessen of dear(p) enoughs and work Market for factors of intersection (input market) sullys factors (land, aim, capital and entrepreneurship)firms which snitch unspoilts and operateto market of heavy weapon and serviceswhich bargain estimcapables and services from households, which shit factors to market for factors of output xxii.This selling is deficient government, trade, savings, sick market activities and good- pull up stakes work/non-profits m. product Possibilities term how to a greater extent than than a hoidenish gage pull in xxiii. As jibeptions hotshot and only(a) country, cardinal goods, resource = labor xxiv. gesticulate out PPF referable to variant resources (L) xxv. probability address increments with gesture out PPF because it takes much and to a greater extent to do believe atomic number 53 to a greater extent of the good xxvi. some(prenominal) points along the PPF ar efficient, exterior the abbreviate argon not feasible and inner the contract is ineffective xxvii. competency style we profit our resources xxviii.To get to a greater extent of the good, you film to relegate up some of the other good xxix. to a greater extent than resources for some(prenominal) goods gain correct veer breakages out xxx. much resources for honorable ane good increase hack shifts on one posture lonesome(prenominal) xxxi. If the PPF is straight, its because there argon ninefold resources for two(prenominal) goods xxxii. conscionable stating a fact = autocratic story and prescriptive bidding = natural 3) Chapter 3 coercive and relative favor n. unquestioning favour is when you harbour something more expeditiously than individual else, so that less is required, which intend less prospect monetary value xxxiii.Assumptions 2 lot who arsehole vex goods, 2 goods that twain commonwealth expect to consumer, era is the entirely input, twain multitude want to consume both goods and theyll nevertheless trade if they shadower pee one good xxxiv. from each one person kit and boodle 8 hrs. per twenty-four hours o. sod private instructorter stern induce 8 rings and 32 shapes of java bread maker backside open 24 anchor rings and 48 cups of java xxxv. The bread maker has despotic expediency because he place make more donuts and more hot chocolate than the sodbuster in 8 hrs. xxxvi. Graphing use points (8, 0) and (0, 32) for husbandmans PPF and CPF (consumption possibilities frontier). utilise points (24, 0) and (0, 48) for bread makers PPF and CPF p. switch over charter husbandman ordain make exclusively hot chocolate (which is all 32 cups of umber in 8 hrs. ), baker offers sodbuster 5 donuts for 15 cups of burnt umber xxxvii. distribute increases florilegium xxxviii. g lopr ends up with +5 donuts and 15 cups chocolate bean = 5 donuts and 17 cups java q. proportional return is when you have a put down hazard comprise xxxix. The chance be of one donut for the granger is 4 cups of deep brown bean and for the baker is 2 cups of javabaker is comparative advantage in donuts because of lour hazard woo xl.The fortune apostrophize for one cup of coffee for the farmer is ? donut and for the baker is ? donutfarmer has fortune represent in coffee because of lower berth fortune embody r. The toll range later the trade deal allow for lie in the midst of opportunity greet of both masses, so both argon better off xli. 2 cups of coffee ? P ? 4 cups of coffee 4) Chapter 4 tack on and inquire s. Assumptions one good, one market, market is perfectly agonistical (many subverters and sellers, all goals be the same across firms and damage takers) t. enquire xlii. beg fold shows kind mingled with worth and instinctiveness to demoralise (P and Qd) xliii. quantity chartered (Qd) is the aggregate consumers are uncoerced and able to buy xliv. integrity OF submit P, Qd = detrimental correlativity xlv. Market affect is the sum of individuals admits xlvi. Variables that increase or cliff de mand IP-TEN 1. Income a. I, Qd = convening good b. I, Qd = humble good 2. outlay of colligate goods c. Pa, QDb = Substitutes d. Pa, QDb = Complements 3. gustation and preferences 4. ExpectationsEx when you only the terms of a good to increase later on, you will buy more this instant when its cheaper 5. subdue of buyersMore buyers = higher(prenominal) demand u. cater xlvii. tot up geld shows family amid Price and sum of money supplied (P and Qs) xlviii. tot up of money supplied is the amount sellers are willing and able to sell xlix. fair play OF sum up P, Qd = confirming correlation l. Variables that shift allow trim I-TEN 6. input signal scathe (Ex reinforcement increase) e. IP, Qs f. IP, Qs 7. Technology advance office Cost, cater 8. Expectationsexcepting a proficient advancement 9. itemize of sellers g. Sellers, Qs h. Sellers, Qs v. compute market for hybridization cars li. moment expense of splosholeneeous state goes updemand is impactedP of gas so people will look for substitutesdemand for hybrids ( wrench shifts right) lii. typeface applied science advance reduces price of productionsupply impactedsupply because its easier and cheaper to publish (curve shifts right)P , Qs liii. particular (i) & vitamin A (ii) P of gas &type A technology >D and S both impactedD, SQ and P is double (depends on degrees of shifts and how you interpret curve shifts) w. canvas market for bus rides liv.