Financial Policy Definition

Amartuul Turbat Professor Fillenwarth Financial Policy 11 March 2011 The Definitions Question 1-2; (1-1. a. b. ) Proprietorship: is the entity owned by an individual who is only founder and manager of the company. Even though it does not pay tax for located states, proprietorship’s profits or loses reports on its owners’ annual tax reports. Despite the fact that proprietorship is easy to form and has seldom government regulations, its term of operation is directly depending on its founder life time (Ehrhardt and Brigham 5). In addition on proprietorship, a partnership is more flexible type which is a business relationship between several individuals who are similar desires to obtain the profits from the partnership’s operation. Typically, partnership classified general and limited based on its contract regulation. Despite the fact that in general partnership-general members responsible to pay company’s loss by their own assets, in limited partnership members-limited members can lose the amount of money which they invested in the partnership. Furthermore, likewise limited members responsible for limited part of the partnership, they have limited right to participate or control the company’s management. Even though at least one person should be a general member of the partnership, all members can be partner whose potential losses are limited by their amount of investment. This type of company is called Limited Liability Company (Ehrhardt and Brigham 6). Finally, company organized as a corporation when business enlarged and it is difficult to manage it by structure of partnership or proprietorship. Corporation works under the located state law and operates independently from managers. Due to this separation, corporation has â€Å"unlimited life of existence, easy transferability of ownership interest, and limited liability losses† (Ehrhardt and Brigham 24). Question 1-1 (C) Stock holder Wealth Maximization: is the main goal of the corporation since it is the best way of successful operation in long-term business. Derivatives: is the special type of securities because its value and right are depending on prices of another assets or operation. D; E) – Corporations can sell its stock in the private markets or the public markets. Unlike the private market in which trade is made in between two sides, in the public market, numerous people participate in the trades. In order to be an owner of the corporations, investors can buy the company’s stock from the â€Å"primary markets† in which companies sell their IPO (Initial Public offering) or from the â€Å" secondary market† in which IPO owners sell their stocks for other investors. Also, there are some other financial markets exist such as money markets and capital markets. Main difference between those two markets is â€Å"liquidation† of the securities (Ehrhardt and Brigham 23). For example, in spite the fact that short-term highly liquid debts trade in the money market and long-term stocks and debt maturing trade in the capital markets. (F) Investment Bank: is a financial institution which encourages the company to create stocks into the markets, and it is the assistant of the companies when they merging with each other (Ehrhardt and Brigham 23). Financial Service Corporations: are the organizations which involved with money management such as banks, credit card companies, and insurance companies (Ehrhardt and Brigham 24). Financial Intermediaries: are the unions which involved finding the surplus money from one side and then allocating it to deficit sides (Ehrhardt and Brigham 30). (G) Mutual Funds: are the organizations that collect money from numerous investors and then put it to buy financial instruments such as stocks, bonds, short and long-term money instruments. Money Market Fund: is the one type of mutual fund which invests in securities with short-term, low risk, and more safety conditions (Ehrhardt and Brigham 29). (H) Physical Location exchanges: is a physical financial market in which brokers and dealer participate in trade of stock, bonds, notes and mortgages. Computer/ Telephone Network: Invertors can participate in trades by computer/ telephone network without requiring members to be in the same building. (I) Open Outcry Auction: is a trading process of selling and buying stocks by offering bids and then sell it higher prices. In other words it is the mechanism of the trades. Dealer markets: is different from the auction since in which brokers acting a main role of the trading process, and they ask and quote the prices in order to match the seller or buyer with their prices (Ehrhardt and Brigham 30). Electronic communication network: is the automatic system which helps for members to match their bid to another buyer or seller. It provides people in any every counties opportunity to participate in trading by using internet (Ehrhardt and Brigham 30). J) Production opportunities: is the possibility to convert a capital into profits. Because production opportunities affect the returned earnings of the investment, financiers consider it when they determining the cost of money (Ehrhardt and Brigham 21). Time references for consumption: is the tendency of the use of money in present and future. In spite the fact that in China people tend to save their money for future, Mongolian people prefer to use their money p resents (Ehrhardt and Brigham 20). (K) Foreign trade deficit: is the one of the economic condition which affects the cost of money. For example, if American foreign trade getting slows, its reserve of the money become decreasing, so it can be influence cost of the investment. It means American buy more than they sell (Ehrhardt and Brigham 19). Question 1-3 Intrinsic value is the true value of the organizations which based on real position of market share, company’s assets, and perception of the future. This value can be same as market value if factors are same in the estimation process. On the other hand, intrinsic value may be different from market value depending on information used in evaluation. For example, if management hides negative information, market value might be higher than intrinsic values (Ehrhardt and Brigham 9). Question 1-4 Edmund Enterprises recently made a large investment to upgrade its technology. Even though this investment cannot improve the income in short-term, it can reduce the production cost. Therefore, in short-term investment cost will increase in the â€Å"Income Statement† because of the new investment; as a result profits will decrease and company’s earnings per share will decrease. However, in the financial markets, this news affects positively on stock’s market price. Also, this investment can raise the company’s intrinsic value since it can reduce the production costs (Ehrhardt and Brigham 30). Question 1-5 Capital can be transferred by the direct and indirect ways. In direct ways only two sides participate. Savers can make investment direct into business, and business sells their securities to savers without other parties. On the other hand, investment bank or financial intermediaries can participate effectively in transfers of capital. For example, person who has surplus money invest in business by using investment bank or financial intermediaries, and companies can get investment by collaborating with those third parties (Ehrhardt and Brigham 14). Question 1-6 Financial intermediaries such as commercial banks, financial service companies play a crucial role of the economic system. Banks allocate efficiently financial fund, and they offer financial services that can make easy to obtaining information for both savers and borrowers (Levine 690). Question 1-7 An initial public offering (IPO) is a  primary market transaction. Typically, the company sells the IPO to other  institutional investors, so the general public has no access to the IPO initially. After certain institutions get the stocks, they may sell them into the secondary market where all investors can buy them (Ehrhardt and Brigham 28). Question 1-8 Stock market is a securities market where bond, stock and other securities trading in guided by the professional stockbrokers. On the other hand, in dealer markets, transactions makes based on person who acting as dealers for his own accounts rather than brokers acting as dealer for his buying and selling processes (Buiter). Question 1-9 Two leading stock markets are â€Å"New York Stock Exchange† (NYSE) and â€Å"Nasdaq Stock Exchange† (NASDAQ). NYSE is considered largest stock market in the world and companies’ market capitalization which are listed at NYSE are US$13. 39 trillion in end of 2010. Also, NASDAQ is the largest electronic screen trading in the United States, and second largest stock market by market capitalization of listed companies (Buiter para. ). Works Cited Brigham, Eugene F. , and Michael C. Ehrhardt. Financial Management Theory and Practice. Mason, Ohio: South-Western Cengage Learning, 2010. Print. Buiter, Willem H. â€Å"Time Preference and International Lending and Borrowing in an Overlapping-Generations Model. †Ã‚  The Journal of Political Economy  89. 4 (1989): 769+. Google Scholars. Web. 2 Mar. 2011. Levine, Ross. â€Å"Financial Development and Economic Growth. †Ã‚  Journal of Economic Literature(1999): 688-729. Web. 02 Mar. 2011.

One to one communication interaction Essay

In this activity, I will be carrying out two interactions, one with an individual and one with a group of service users. For my individual interaction I have chosen to work with a service user from my workplace. I am a social tutor working with deaf and blind adults. I will take an activity with a group of young children in a local school for my group interaction. After these interactions have taken place, I will look at and discuss the types of communication skills shown, and I will also describe the interpersonal interaction that occurred. Communication with other people involves a process that most of us take for granted. We need to pass information using a form of code from one individual to another. A code is a communication system, which contains elements, which all individuals will understand. This could be verbal, non-verbal i.e. body language, Braille, sign language, writing, pictures or even music to convey a message (CCMS, 2006). We need to express our thoughts to another person using methods of communication. The other person thinks about our communication and responds. We then check the response, whether the communication has been correctly interpreted, and if not we need to clarify our communication. Gerard Egan (1986) states that ‘the goal of listening is understanding’. (Moonie, 2005) see more:describe the impact the behaviours of carers and others may have on an individual with dementia I had chosen to work with a male service user, a resident at my workplace. I will refer to this service user as Mr A throughout this report, to protect his identity. This is important, as confidentiality is a basic human right. Law protects confidentiality through the Data Protection Act 1988, and the Freedom of Information Act 2000. Maintaining confidentiality also forms part of the Care Standards Act 2000, and staff in health and social care are expected to work within the boundaries of confidentiality. Before I undertook my individual interaction, I gave some thought to how I could get as much conversation as possible. Mr A has very limited sight and good hearing. He has a pair of glasses but does not like to wear them. He also has learning disabilities, which makes his ability to respond verbally quite difficult. As I know Mr A well, I will use informal conversation, also a formal interview would not be appropriate due to Mr A’s conversational skills. Informal is defined as â€Å"without ceremony or formality; relaxed and friendly.† (Chambers, 2007) Taking this into account I thought of a few questions, which would be easy for him to respond to. I had open questions in my head, such as ‘what are you doing today’ ‘what would you like for breakfast’ and ‘how was your evening’. Using open questions, I hoped to encourage conversation and interaction between us. Closed questions, which only require a yes or no answer, would not be productive to this activity, however due to Mr A’s disabilities I may have to use closed questions at times. As I have worked with Mr A for two years, I already have a good relationship with him. Mr A requires a lot of support with his personal needs, but likes to be as independent as possible. Talking to other staff, reading Mr A’s care plan and observations I have made during the time I have worked with Mr A has allowed me to build up a good relationship with him, and knowledge of how he likes to communicate. I know when to offer support, and Mr A appears to like me. Mr A makes it quite clear when he is unhappy by shouting. On Tuesday 19th December 2006 at 9am I went to my workplace. The weather was dull and cold outside. Mr A was sat in his usual chair in the living room. He had his arms relaxed by his side, and one knee across the other. There was one other service user in the room, and the radio was on low. The radio is always on for Mr A; he likes to listen to either the radio or the television at all times. Another member of staff was also in the living room writing up paper work. The temperature was warm, the room was well lit but not too bright and the atmosphere was calm. Mr A appeared relaxed. My body language was relaxed, and I smiled and said ‘good morning’ to Mr A, and he said ‘yeah’ in response. He shuffled around in his chair at little as he spoke to me. I sat in a chair in close proximity to Mr A so that he would be able to hear me clearly above any background noise, and know where I was location to him as he has very limited sight. Mr A needs a lot of help with his needs, and he is comfortable with carers in his personal space. I sat relaxed, with my body turned towards Mr A, my arms leaning across my knees. I made sure I looked at Mr A so when I spoke to him he would know I was making as much eye contact as possible. Mr A does not make eye contact with anybody, he tends to look down towards his knees and occasionally look up towards the centre of the room. Although Mr A was not making eye contact with me, I felt it important to maintain contact, as I may be able to guess his thoughts and feelings by looking at his eyes. Mr A settled back into his chair and his body posture was relaxed. With my voice at a calm slow pitch I said ‘who is it Mr A’, Mr A said ‘Sarah been on days too long’. This is an affectionate term for Mr A. I responded with ‘yes I think it is time I had a holiday’ and Mr A laughed and said ‘its time you did’. I laughed with Mr A to show I found his remark amusing. He shuffled around a little in his chair again. I continued to talk to Mr A in a varying tone to ensure my voice sent a friendly message. I asked Mr A how he was feeling today and he said ‘yeah’. I asked him if he was feeling poorly and he said ‘didn’t say that’, so I asked him if he was feeling well. Mr A responded ‘yeah’. By maintaining eye contact and looking interested, I assured Mr A that I was actively listening. Mr A’s receptive language is very good however his expressive language is very limited. In order to find out something from Mr A I have to clarify what it is I want to know. By asking if he felt poorly or well first I knew from experience that Mr A would respond ‘didn’t say that’ to the wrong one. I paraphrased what I had asked, reflecting back on the question to ensure I had understood what Mr A was telling me. I touched Mr A on the arm and told him that I was pleased he felt well. I felt touch was appropriate in this instance, however I recognise that this is not always the case. I asked Mr A if he would like some breakfast, and he responded ‘yeah’. He got up from the chair and made his way to the dining table. Mr A is very good at finding his way around the house and does not like being guided. By not intervening until Mr A asks for help, I am empowering him. This gives Mr A a feeling of confidence and higher self esteem. He sat down in his usual place. I asked him if it was ok to put an apron on him, he responded ‘yeah’ and lifted his arms up so I could tie the apron. It is important to offer choice to Mr A as this empowers him further. Mr A has muscle wastage in his right arm and has very little use of it. He eats well out of a specially designed bowl and a special spoon using his left hand. Mr A is unable to put cereal or milk into the bowl himself, or to spread toast or make drinks. He requires someone to do this for him. I asked Mr A what he would like for breakfast. Mr A responded ‘not much’. This is a typical response so I asked whether he would like Weetabix or Shreddies. This again ensured Mr A had a choice. Mr A answered ‘Weetabix’. Mr A will most often copy the last thing a person says, so I encourage his responses by saying the cereal he has every morning first. After Mr A had finished his Weetabix I asked him if he would like any toast and he said ‘yeah’. I then asked Mr A if he would like marmite on his toast. Mr A responded ‘didn’t say that’ and shuffled around in his chair, indicating to me that he was not very happy. His body language became defensive as he turned away from me. With my voice at a calm slow pitch I asked Mr A if he would like jam on his toast (which he always has) and Mr A said ‘yeah’. I used this tone of voice to calm the situation. Mr A then relaxed and turned back towards the sound of my voice. The questions used at this point were closed because I know that Mr A has little expressive language so at times this is unavoidable. I thought I would offer Mr A a drink at this point so I asked him what he would like to drink. Mr A answered ‘tea’, so I went and made him a cup of tea. After he had finished the tea he stood up and made his way to the kitchen with his cup. He removed his apron and held it out to me. I asked Mr A what he wanted me to do with the apron and he responded ‘rubbish’ so I took the apron and threw it in the bin. Mr A then made his way back to his chair in the lounge. He sat down and crossed his legs, tapping his foot to the song on the radio. I sat back down in the chair close to Mr A, again with my body posture relaxed. I asked Mr A if I could turn off the radio and talk. Mr A’s muscle tone became rigid and he started shouting ‘that’s stupid’ over and over again. I waited a moment until he calmed down and stopped shouting, and then, using a calm, quiet tone of voice, I said ‘we can talk with the radio on low’ and Mr A responded ‘yeah’. I asked Mr A what he had done yesterday evening. Mr A did not respond, so I waited a few moments before I asked if he had been busy yesterday after tea. Mr A said ‘not much’. I asked him I if he had been out and he said no. I asked him if he had listened to the TV or the radio, Mr A answered ‘TV times’ which means he listened to the TV. Mr A was shuffling gently in his chair as he spoke to me and he seemed very relaxed. He uncrossed his legs and crossed them the other way so he was facing towards me even more. I was still sat in the same relaxed position, with my arms resting on my knees, turned towards Mr A as much as possible. I asked Mr A what he would be doing today, again Mr A responded ‘not much’. I asked him if he was going out and he said ‘don’t know about it’, I said to Mr A that he would have to think about it and see how he felt later. I told Mr A that I was going to put my feet up for the rest of the day and do no work. Mr A laughed at me and said ‘she does that sometimes!’ I asked Mr A if he had enjoyed talking to me this morning and he answered ‘yeah’. I touched Mr A on the arm again and said goodbye. Mr A responded ‘Yeah’ and continued to tap his foot. I felt the interaction went very well. Mr A responded very well in conversation, and I feel that was due to the factors involved. The location was quiet, warm and calm. Mr A was seated in an environment he is very comfortable with. Mr A appeared comfortable with the proximity, that is, the fact I have to be very close to him, in his personal space. This is due to his personal difficulties, and his need for support with a lot of his personal needs. As he is quite an elderly gentleman, he has relied on carers being very close to him and helping him do things his whole life and seems very comfortable with this. If the support offered to Mr A is more than he wishes for, he quickly becomes very angry. At no time did Mr A appear to be unhappy with the support I gave him. During the interaction, Mr A was not able to see my body language due to his visual disability, however I sat close to him and faced him at all times so he would be aware that I was listening fully. Mr A’s body language was good throughout most of the interaction, he leant towards me and his muscle tone was relaxed. My body language was relaxed throughout the interaction, both when seated and when assisting Mr A with his breakfast. Mr A does not use hand gestures when he speaks, mostly due to his muscle wastage in his right arm. At one point when I asked him if he would like marmite on his toast, he exhibited a little negative body language by turning away from me. When I suggested turning off the radio Mr A’s muscle tone became very rigid and he shouted at me. This was an indicator that Mr A was very unhappy with the suggestion and wanted the radio left on. The radio was turned down low and did not hamper the conversation in any way as we could clearly hear each other. My conversation with Mr A was informal. This is because I know Mr A very well so do not need to speak to him in a formal manner. I gave Mr A appropriate lengths of time to respond to my questions, and I listened carefully to his answers. By giving Mr A time to respond to my questions, I ensured that he had time to think about what I was asking, and formulate the correct response. I followed up by responding to his answers with appropriate further conversation. At one point I had to clarify a question by changing it from asking ‘what he had done yesterday evening’ to ‘if he had been busy yesterday after tea’. By asking the question in a different way I was checking that Mr A had fully understand what information I required from him. This in turn encouraged Mr A to respond when maybe he did not wish to, or maybe did not understand the question. Mr A is a person who likes to be as independent as possible. He appreciates when I understand his needs and what he is trying to tell me. Throughout my interaction with Mr A I used empathy at all times. Empathy is â€Å"a person’s awareness of the emotional state of another person and their ability to share an experience with them† (Richards, 2003, p.121). I was aware of Mr A’s emotional state and my ability to build an understanding. On two occasions I touched Mr A’s arm briefly to show friendliness and compassion. I feel Mr A was very responsive to our interaction and I was very happy with how it went. I think that given Mr A’s verbal disabilities I engaged him in a good conversation, listened well and used correct techniques to aid this. I also provided him with the correct amount of support during his breakfast. The other staff member present in the room was my deputy manager. I asked her to complete a witness statement for my to say I had completed an interaction with Mr A. She agreed to this. I also asked her for feedback on the techniques I had used, and how she felt the interaction went. She told me that I had engaged Mr A well. When Mr A is listening to the radio he doesn’t always want to talk. He responded that he was happy to talk to me with the radio turned down low. She said Mr A appeared very relaxed and seemed to enjoy talking to me. He was also happy to go to the dining table and let me assist him in getting some breakfast. When asked, Mr A said he had enjoyed talking to me. He also appeared to be happy with the support I offered him when getting his breakfast. As he can become angry quite easily when offered too much support, I also felt this was good feedback.

Comparing and Contrasting HHS, NASA and DHS Acquisition Planning and Essay

Comparing and Contrasting HHS, NASA and DHS Acquisition Planning and Policies - Essay Example The sustainability of a procurement approach is considered when a contracting a project. Furthermore, projects initiated through procurements should seek professional advice prior to their implementation. The financial demands and design are critical aspects that equally need consideration. It took the council a while before amassing sufficient the funds to carry out this community project; thus, cost became a critical issue in the method used. A decision on the procurement route for use should expect variance on the outcome (Morledge, Smith, Kashiwagi, 2006). The time required for the project and resource availability basing on knowledge is equally subject to consideration. The choice of the procurement route is dependent on the objectives that a client intends to attain with the available resources. According to Morledge, Smith, and Kashiwagi (2006, p.96), the traditional procurement is the most common and current procurement approach. Organizations use it in implementing their projects and other business activities within the community. This technique also referred to as design bid build procurement, is efficient regardless of an individual’s knowledge concerning project management. This procurement style carries out complicated activities with indefinite periods for their accomplishment. This procurement is friendly in terms of affordability and other logistical requirements by the client. The Little-tree Parish Council will engage their ideas in the design presented before the contractors make suggestions concerning their needs. In the traditional route, a client lays out the plan for a project of which he/she selects a contractor to carry out the activity. They normally involve low risks since skilled contractors carry out most activities (Morledge, Smith, Kashiwagi, 2006, p.108). When traditional procurement is run for a short period, it can cause irregularities.

Police Discretion Position Paper Essay Example | Topics and Well Written Essays - 1250 words

Police Discretion Position Paper - Essay Example Several myths, such as an inevitable abuse of power, are unsupported by the research. The main causes of police discretion are offender variables, situational variables, and systemic variables. The exercise of police discretion arises in many situations, such as domestic violence and juvenile delinquency, and can often lead to positive resolutions. Discretion is a valuable part of police work. The issue of police discretion, while a seemingly natural aspect of the duties of a law enforcement officer, is a topic which generates much debate. Historically, the concept of police discretion was thought to be associated with police corruption and with an "extralegal" use of police power (O'Connor, 2005: np). Indeed, the recognition of police discretion as a legitimate aspect of police duties was not formally recognized until 1956 when it was formally identified and discussed by an American Bar Association study. This revelation, that the police did in fact use discretion in the course of their duties, generated a substantial amount of controversy: "When it was finally exposed, people like the American Friends Service Committee (1971) called for its abolishment, and police administrators sought a clampdown on discretion (administrative rulemaking)" (O'Connor, 2005: np). In the beginning, though police discretion was an integral part of daily police work, it was viewed with suspi cion. A more modern view posits that police discretion is a valuable and necessary part of police work. To this end, calls for the elimination of police discretion have been replaced by proposals to more carefully define when and how police officers should use discretion. This modern view operates on the assumption that police work is often complex, that situations are rarely neat and simple, and that discretion results in better police work than a mechanistic application of the law. As noted by a National Institute of Justice Research Report, "Each tactical choice by the police, each citizen's response, counter responses by each, and changes in other variables in the context (for instance, intervention of strangers) create a fluid, ever-changing encounter" (1997: pg.35). This essay will define what is meant by "police discretion", a number of common myths associated with the concept, and the real-life sources of the need for police discretion. The essay will then present ten practical illustrations of police discretion in operation in order to compare situations in which discretion is used appropriately and situations in which discretion very well might be abused. Police Discretion: Definitions, Myths, and Sources Discretion means many things and encompasses a tremendous variety of different situations. From a theoretical point of view, it has been referred to as the making of decisions where the law is not clear, where the police officer has alternative courses of action, and where a cost-benefit analysis cautions against the rigid application of the law. Some scholars have defined police discretion as judgments made within the realm of a "regulated autonomy" (De Lint, 1998: pg. 2) and others have characterized discretion as a police officer's role as a public servant whom is sworn to balance the intent of the law against the interests of

Famous trials Essay Example | Topics and Well Written Essays - 500 words

Famous trials - Essay Example The investigations asserted collected evidence from Frank Leo partners, such as Jim Conley to nail him during the trial. The investigations were based on the evidence collected at the scene of the crime. The notes found at the scene were used as leads to finding the murderer. However, the notes were discarded as they were considered a cover up. Consequently, a sweeper, Jim Conley was used as a witness to recount the happenings at the material day when the victim was murdered. The witness recounted how Leo Frank requested that Conley   keeps the door locked for him to make out a sexual activity with Paghan. The witness disclosed to the court that he kept the doors locked so that no one could access the room. He and Leo had made an arrangement on how they would communicate. The prosecution used the witness to assert that the suspect, Mr. Leo admitted to Conley that he hit the victim and called for his help in dumping the body. The prosecution also took issue with the conduct of the suspect in regard to female workers. As Conley and several women witnesses stated, Leo was a pervert who lured girls into having sex with him. Upon completion of the hearings, the amount of evidence availed by the prosecution was sufficient to hand a death sentence by hanging. The trial jury held that the suspect, Frank Leo was indeed the murderer and would be executed by hanging. The defense was dissatisfied and sought to appeal in the supreme court of Georgia. The appeal was based on availability of new evidence. However, the court dismissed the case on a 4-2 vote. The then governor of the state of Georgia, John M. Slaton, believed in the innocence of Leo Frank and reduced the sentencing into a life sentence. The defense was categorical that the case was racially motivated and biased. Despite the widespread cases of child labor in the state, the murder, especially committed by a Jew, was supposedly the most influential issue in the case. The

Business and Management Research Methodology Essay

Business and Management Research Methodology - Essay Example scheduling the research workload and activities over a stipulated period and being flexible enough to make alterations in it when problems occur; vii. constructing and sustaining the research argument through a long document without resorting to long descriptions that are not embedded in the structure of the argument; viii writing and understanding the purpose of an introduction, a conclusion and an abstract for an academic document; ix writing clearly and imaginatively, and with a sense of authority; and x. using an appropriate referencing system. In order to conduct research in terms of the above mentioned requirements, the work involved may include: the development of an appropriate and interesting research topic; reading the relevant and other appropriate literature; specifying the method adopted for the research; collection or selection of the required data; analysis and interpretation of the data and finally writing up the dissertation as the end product. Deciding on the research topic takes a good deal of time, thought and discussion. In deciding on it, the best help is discussion with the research guide and other faculty members, one's colleagues, journal articles which may point out 'further areas of research', doctoral thesis reading which would give ideas of extending or disagreeing with the thesis propounded in the research thesis. The preliminary reading will not only be useful for choosing the topic but will also be helpful for writing a literature review for the project later on. So careful notes should be kept at every stage. Readings can include article summaries from Abstracts. Label the notes so that somebody else could read and understand them. This should mean that the researcher too, understand them when they are read again. A research statement turns the original ideas into something that can be researched. (Kumar 1996) Research Project After the preliminary readings, the research a proposal has to be formulated. A good way to prepare a research project is to include the categories of the research proposal as the project itself. There should be a proposed title or an initial short statement about what is proposed to be done. The introduction could be shorter than in the research thesis. But it should explain: why is this work is being done what problems are being investigated what questions will the researcher ask what other research is relevant to the work The methodology may be described, but it could be tentative if, at this stage a final decision about the methods of investigation and analysis would not have been made. But describe a range of possibilities that are being considered and how the information collected will be analyzed. A research proposal should also include a rough timetable as to when the different stages of the work are planned to be carried out. Timetable the Research and Report The researcher will have to be able carry out the research work and write it up by the deadline indicated in the

Research Plan Essay Example | Topics and Well Written Essays - 1250 words

Research Plan - Essay Example The CVS chain has recently been unfavourably in the public eye because it was found to be selling drug products that were expired and thereby violating health codes. The goal of this research study is to derive an answer to the research question: â€Å"Why do people go buy their goods in Duane Reade rather than CVS?† It appears likely that the negative publicity that CVS has gathered about selling expired products could be one of the salient reasons why customers are preferring Duane; however it is also likely that other factors such as store layouts, their convenient locations to arrangement of goods within the store, prices, customer service or quality of goods could be the factors motivating customers instead. The objective of this study will be to determine why customers appear to be preferring Duane; whether there is more than one reason for such a choice and if so, what are the factors that are leading to such a preference? In order to arrive at an understanding of the factors that could be propelling customers to make such a choice, it would first be necessary to carry out an exhaustive review of the literature that is available on customer service, product quality, marketing, good business practices, ethics in business, the importance of complying with Government regulations and similar aspects that would provide background information which would be valuable in arriving at an answer to the research question. This comprehensive study of the literature would not only help to identify salient factors that may affect customer shopping preferences, it may also help identify additional factors which are peculiar to the New York region, such as targeting ethnic groups who form a sizable portion of the population, more so than those present in the states where CVS markets its goods – although these states are also primarily in the north-eastern part of the United States. Once the

Public vs private management Research Paper Example | Topics and Well Written Essays - 500 words

Public vs private management - Research Paper Example The first difference is on the ownership of the organization where the public sectors are run and financed by the government, and the private sector is operated and owned by the corporation or the private owners. In the public sector, all employees including the managers work for the governments while the employees in the private sector work for the organization (Dresang, 2009). The other difference between the two sectors is that public sectors are established by law. This fact discourages managers from changing the laws depending on the changing conditions. On the other hand, directors in a private sector can change the objective when necessary. The output of a private sector can be valued by the paying customers. This is easily captured on the organization’s objectives, missions and decision criteria. However, it may not be easy for the market forces to dictate the gains of a public sector entity (Mgbeke, 2009). Therefore, private sectors have the responsibility to generate satisfactory returns on their investment and private investors get more motivation to put more investments. Contrary to this, public sectors still have the assumption that their capital is free, and the need to gain massive profits are ignored (Dresang, 2009). Skills One skill a public manager should develop is the ability to communicate with the public. The communication with the pubic and other outsiders is a paramount and effective skill for the public manager.

Asthma and Common Type Essay Example for Free

Asthma and Common Type Essay I’m going to be discussing how one in 15 people has asthma, a chronic condition whose symptoms are attack of wheezing, breathlessness, chest tightness, and coughing. There’s no cure for asthma, but most people can control the condition. As far as I remember, Asthma has been around my family for years. I have a lot of family members who suffer this, so I can relate to it. I will be focusing on what it is, warning signs, symptoms cause and the treatment that are used. Asthma is a chronic inflammatory disorder of the airway in which many cells and cellular lements play a role. The inflammation causes these symptoms of the breathlessness, wheezing, chest tightness, and cough. Asthma is a condition in the airways of your lungs. it tighten your muscles surrounding your airways and there is swelling plus irritation in in the airways. This is what cause inflammation. What can trigger asthma could be your allergies, infections, tobacco smoke, weather; changes in temperature and even strong odor or fumes that come from your house. It is very important that you treat your asthma, If untreated you will have a asthma attack or may cause long term loss of lung function. That is not good. An attack is a sudden worsening of the symptoms. With an asthma attack, your airways tighten, swell up or fill with mucus. Not every person with asthma has the same symptoms of an asthma attack. You may not have all these symptoms or you may have different symptoms at different times. Your symptoms may also vary from one asthma attack to the next, being ild during one attacks and severe during another. It is important to remember that there is no cure for asthma, but it can be controlled. There many medication that help people with asthma. One main treatment to lessening the effects of asthma is use of inhalers. They are hand-held devices enable people with asthma to deliver medicine directly to their lungs anyplace, anytime, which helps opens up the airways in our lungs. This is the most common type of treatment that is used.

Economics Essay Example for Free

Economics Essay 1. What did Keynes think some of the chief benefits and defects of capitalism were? Keynesian theory which was developed by Keynes advocates for a mixed economy where the government and private sector are important. In Keynesian model economy is assumed to be below full employment.   Keynesian argues that the aggregate demand for good which seek to increase employment of resources in the country is the driving force of an economy.   According to Keynes, the government’s role is to reduced unemployment rate and deflation level to enhance increased output in an economy (Baqliano and Bertola, 2003). Capitalism developed by Max argues that the poor in capitalistic society are so because of exploitation by the merchants who own the means of production and distribution.   The merchants are said to exploit the poor through low wages.   Marx argued that the value of any economic good should be determined by the labor used to manufacture.   Any cost that is higher than the cost of labor represents the surplus which is the profits the capitalists realize from exploitation of their laborers.   Marx believes that all means of production should be owned by the government or should control by the government.   Marx advocated for socialist government that owns the means of production or democratic administration that control them. Economists who include Keynes deny the claims of Marx that labor is the only measure for surplus.   According to Keynes who support capitalism, employers and employees are guided by the prevailing market wages hence employers offer employment to willing workers. John Keynes believes in capitalistic economy and called on the government to stimulate it but not eliminate it.   However, Keynes site defect in capitalism where he argues that capitalism does not promote full employment, wealth and incomes which the model seeks to achieve in the long run. Keynesian ideologies have been employed by politician but both abuse of the model, inflation has resulted.   This is evident with government manipulating policies to make economic conditions favorable during election which has led to high inflation in most state.   Action by government leads to reduce real wages and real incomes which do comply with Keynes model.   Capitalism has led to segregation of the society into strata according to income and wealth owned.   Most politician use Keynes ideologies by making promises that will earn them votes.   Implementations of the promises require higher taxation which reduces income of individuals (Baqliano and Bertola, 2003). Keynesian advocate for full employment which should be accompanied buy steady controlled inflation level as an effective means of guiding the economy in he interests of capital.   Keynes argue that real wages can be allowed to fall, government expenditure on schools, hospitals and infrastructure can be reduced as anti-inflationary measures and this inflationary measure should be continued until employment level desired is achieved. According to Keynes denied that unemployment is contributed by capitalism. However Keynes argued that unemployment in capitalism is brought by inadequate demand of personal articles of consumption and productive articles of consumption.   Keynes argue that inadequate demand is as a result of the workers tending to accumulate part of their incomes through savings and the inadequate demand   for productive consumption is brought by failure of people to invest their capital profitability which would lead to increase in output and hence reduced unemployment. Keynes advocates that employment can be increased by lowering real wages through inflation introduction and decreasing rate of interest.   Increased rate of interest will encourage investment of capital which will increase aggregate demand.   The government should then expand its budget to allow mass investment. Consumptive demand can be increased through increased extravagance of the ruling class; investing in war prone areas and increased non-productive expenses by the state.   The increased non-productive expenses to attain full employment of the population will actually lead to diminished living standards of laborers. Keynes in his support for capitalism argued that the workers should not be assisted to rise above the capitalists because capitalists who consist of intellectuals are the quality of life and they carry seed of achievement.   Keynes argued against socialism where the government owns the production. Keynes in support of capitalism advocates the governments to support monopoly.   The wage freezing policy by the federal government in Middle East helped increase the profits of the monopolies while lowering the living standards of the workers. Keynes argue that inflation bring about equilibrium position I n capitalism.   In Capitalism â€Å"Boom lead to increased profits and hence increased prices.   Production expands up to overproduction point where equilibrium is achieved through â€Å"boom bursting. 2. What is the `identification problem` in using econometric analysis? Identification problem in ecometrics involves solving unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model.   Reduced form of a model presents a model where endogenous variables are expressed functions of exogenous variables. For example prices in a marker are determined by supply and demand, hence must establish the demand and supply functions.   However, the equation obtained by regressing quantity on market price cannot be identified specifically as either supply or demand function.   In special cases, we use regression to get demand function.   While holding supply function constant or vice versa, but cannot obtain regression while accommodating fluctuation changes in both (Baqliano and Bertola, 2003).