Sunday, November 24, 2019

Evolution of Warfare Ancient Greece, Romans and Chinese Essays

Evolution of Warfare Ancient Greece, Romans and Chinese Essays Evolution of Warfare Ancient Greece, Romans and Chinese Essay Evolution of Warfare Ancient Greece, Romans and Chinese Essay Throughout the ages, weapons, armor, and even warfare have evolved in astonishing ways to suit societys needs. Many reasons exist for the changes in all these tools. Armor evolved through the need for one to protect him/her-self and weapons evolved alongside to break through this protection. Warfare evolved with society, just as society was evolving itself through time. No other societies better than Ancient Greece, Rome and China can show us how the Age of Armor began and evolved. These societies were the dawn of the great cultures of the world. Greeces epic poems The Iliad and The Odyssey best describe the kind of warfare that was used in battle, along with the weaponry and armor of the time. Ancient texts and artifacts grant us access of how Greek warfare had changed and how some aspects of war remained the same, until the Roman times. The Romans improvised and improved a lot of the tactics that were used by the Greeks and along with new inventions they brought warfare into a whole new level. And the Chinese (Qin Dynasty) were the pioneers of many intriguing weaponry and battle tactics. The Greek soldiers were called hoplites (acquired this name from the hoplon, a convex, circular shield, approximately three feet in diameter, made of composite wood and bronze.(Encyclopedia Britannica). These soldiers were characteristically equipped with about seventy pounds of armor, most of which was made of bronze.Hoplites were equipped with a hoplon (shield), a cuirass, a helmet and a greaves which all consistent of bronze and a long thrusting spear with an iron tip and butt, along with a sword. The heavy bronze shield, which was secured on the left arm and hand by a metal band on its inner rim, was the most important part of a hoplites panoply, as it was his chief defense .

Thursday, November 21, 2019

MANAGING PEOPLE AND PRODUCTIVITY Essay Example | Topics and Well Written Essays - 4750 words

MANAGING PEOPLE AND PRODUCTIVITY - Essay Example This has given rise to the need for companies to pay a great deal of attention to employee performances on the job and motivate them effectively, in order to improve the productivity of an organization. The recent credit crunch has hit the banking industry particularly hard, turning the spotlight on the manner of functioning of these institutions. The need for quality and accountability in these organizations has become even more evident, especially in a recessionary environment where productivity has become even tougher to attain. The management of human resources has come to play an even more important role in achieving that productivity and motivating employees has become vital, especially for the banking industry. This study therefore proposes to apply a case study approach to examine issues surrounding the motivation of employees in Barclays Bank. The true origins of the crisis can be traced back several years to the late 1990s when, concomitant with financial deregulation in the United States that commenced during the Reagan administration, banks began to change their traditional mortgage arrangements. Earlier, mortgages issued were few and far between, because banks provided them to customers only after intense verification checks on credit and customer income. The customer was then obliged to make regular monthly payments to the bank. Earlier, banks had to finance their mortgages largely from their existing deposits from other customers; as a result this restricted the scope of their lending. With the rise in the mortgage bond market, this situation changed because banks were able to find additional sources of funding for loans through investors in mortgage bonds. Banks began to lump their mortgages together with other kinds of loan assets and sell them off to investors in the bond market, through the process of securitization of loans. In recent years, many of the regulatory measures that were instituted as a part of the New Deal after the Great depression of 1929 have been overturned, including the Steagall Glass Act, which imposed restrictions on speculative activity. (Chossudusky, 2008). Inflation in most developed countries was held down in developed countries such as the U.S. and the U.K. using the cheap imports available from countries such as China. Since inflation rates were low, this also helped to keep interest rates low, pushing up the value of property prices.(Blythe, 2008). Such an atmosphere, where property values appeared to be stable and keep rising, only encouraged banks further to branch into more speculative activity related to mortgage lending, and to lend out more than what they had on deposit from customers.(Blythe, 2008). The model presented below graphically depicts the traditional model of mortgage lending as compared to the current, existing system which involves third party bond investors, with deregulation encouraging speculative activity by banking institutions. Fig 1: The new model of mortgage lending (Source: http://news.bbc.co.uk/2/hi/business/7073131.stm) THE NEW MODEL OF MORTGAGE LENDING Top of Form How it went wrong Bottom of Form As per the new model, the banks rely on additional source

Wednesday, November 20, 2019

Marketing Simulation Research Paper Example | Topics and Well Written Essays - 1250 words

Marketing Simulation - Research Paper Example The Ochre teams had an increase of approximately 10 percent, which is roughly near the Orange team’s performance level. Customers From the market outlook chart above, most of the customers are derived from households and companies. On average, most of the customers are derived from general households. The high-end households also contribute a large portion but particularly in Europe. In Asia, the sales in the high-end households have dwindled to the extent that there are negative sales in this particular segment. The companies follow the household in usage in both Europe and Asia. However, in Asia, the reception in the high-end companies has been poor compared to the European market. Marketing Research The team has three phones in the European market that are SSKE 1, SSKE 3 and SSKE 4. In the Asian market, the team has one phone, the SSKE2A. The SSKE4 I is the best performer in the European market followed by the SSKE1. Most high-end companies prefer the SSKE4 while the ordina ry companies prefer the SSKE1. Therefore, it can be concluded that most of the consumers in the region are derived from companies. The phone model on sale in the Asian market mainly targets the lower end segment of the market. The product has received significant reception in the general households and companies. By not focusing on improving the product to suit the high- end segment of the market, the company is losing on sales in this segment in Asia. The team also has not emphasized enough on creating enough awareness of the product in the region compared to the awareness in Europe. Furthermore, introducing only one product in the region is not a feasible strategy. The team should introduce more products in the region to compete effectively with the competitors. The team also... The team has three phones in the European market that are SSKE 1, SSKE 3 and SSKE 4. In the Asian market, the team has one phone, the SSKE2A. The SSKE4 I is the best performer in the European market followed by the SSKE1. Most high-end companies prefer the SSKE4 while the ordinary companies prefer the SSKE1. Therefore, it can be concluded that most of the consumers in the region are derived from companies. The phone model on sale in the Asian market mainly targets the lower end segment of the market. The product has received significant reception in the general households and companies. By not focusing on improving the product to suit the high-end segment of the market, the company is losing on sales in this segment in Asia. The team also has not emphasized enough on creating enough awareness of the product in the region compared to the awareness in Europe. Introducing only one product in the region is not a feasible strategy. The team should introduce more products in the region to compete effectively with the competitors. The team also channeled most of its resources in advertising and channel investments. This caused a reduction in operating profits for the team. The team should have reduced the investment in the two divisions considering that most phone companies have their own niche in the market. The curved out section will always buy the products. Furthermore, the investment was done without an introduction of more new products. The money would have been used for research and development instead.

Monday, November 18, 2019

Re-write lab Report Example | Topics and Well Written Essays - 500 words

Re-write - Lab Report Example Sand was already there in the can. A thermocouple sheath made of stainless steel was also introduced into it exactly quarter of an inch above the crucible’s base. The isolation was created with a glass fiber that decelerated the cooling process. The experiment used this time to note the data. He noticed the alteration of temperature with respect to time. Until the temperature of Tin reached 150C, temperature was noted several times at an interval of 5 seconds. 150C is essentially 10C above the freezing point of Tin. This was done so as to ensure that the thermocouple sheath does not get frozen. Once the data was completely collected, the Tin cooling curve was developed using the information of temperature versus time. Abstract This experiment was intended to find out Tin’s melting point for which, a ceramic crucible that contained Tin was heated in a furnace enough to get the temperature above Tin’s estimated melting point. The molten Tin was shifted to the coffe e can filled with sand. A thermocouple sheath was placed into the molten Tin and was isolated with a glass fiber. The cooling process was slowed down due to that and the experimenter noted the data meanwhile. Finally, with the help of data of temperature alteration with time, the Tin cooling curve was formulated.

Friday, November 15, 2019

Effect of Currency Exchange Rate on Aggregate Demand Shocks

Effect of Currency Exchange Rate on Aggregate Demand Shocks The exchange rate helps insulate the economy from aggregate demand shocks but it may need unsettlingly large changes to do so. This paper will examine the extent to which the exchange rate of a currency can be used to insulate an economy from aggregate demand shocks. First, it will define aggregate demand. Second, it will look at the monetary implications of the aggregate demand curve. Thirdly it will look define aggregate demand shocks and their effect on the aggregate demand curve. Fourthly, it will examine the ways in which the exchange rate can be used to reduce the impact of an aggregate demand shock. Finally, the question of whether using the exchange rate as a means of reducing the impact of an aggregate demand shock will be examined to determine whether it is a feasible strategy and whether the amounts required would be unsettling or not. Aggregate Demand (AD) refers to the total demand (d) in the economy (Y) for goods and services at a certain price level and at a certain time. AD in an economy is the sum of all consumption (C), investment (I), government spending (G) and net exports (NX), where NX is equal to total exports (X) minus total imports (M). This can be represented mathematically as: [1] Aggregate demand is represented by the AD curve, which will show the relationship between price levels and the quantity that producers are willing to provide at that price. The relationship between AD and price is normally negative, showing that the less people are willing to pay, the less firms will produce or, from the other point of view, the less firms charge, the more people will buy. Below is a simple AD ‘curve’: In the chart above, the AD ‘curve’ is represented by a negatively sloped line. If prices (P) are lower, demand (Y) is greater. This negative relationship between price and demand has a number of important monetary consequences. It is necessary to briefly examine these prior to examining the relationship between exchange rates and aggregate demand.[2] Firstly, price levels (P) have a direct relationship to the real value of money. This is because as price levels (P) decrease, the purchasing power of consumers increases, meaning that the real value of the money they hold increases. Likewise, if P increases, consumers get less for the same money, or the real value of their money has decreased. Therefore, P and the real value of money are inversely related to each other.[3] Secondly, decreases in P cause an increase in the real interest rate. Interest rates, the price a borrower pays to borrow, or the return a lender receives for lending, can be expressed as a nominal or real rate. The nominal rate is the amount that must be paid for borrowing, expressed solely in money terms. The real interest rate is the nominal rate adjusted to take account of inflation (p). Thus real interest rates are expressed by the following formula: Thus, the higher p, the lower the real interest rate. Therefore, any increase in inflation will generally lead to pressure on the nominal interest rate to increase, to offset the deduction that will result from inflation. However, as we have seen above, price level decreases add to the real value of money, this is the same as saying that they decrease inflation. A decrease in inflation will mean that real interest rates are now higher than they were before the decrease in inflation. Therefore, price level decreases raise real interest rates and cause pressure for interest rates to be reduced.[4] Thirdly, lower prices increase the international competitiveness of the economy, and this should be reflected in increased international demand for the economy’s exports, causing a rise in net exports and thus in the aggregate demand. Now we will look at aggregate demand shocks. A demand shock is an event that is sudden and unexpected, and has the effect of measurably affecting the demand for goods and services in the economy, either positively or negatively, for a temporary period of time.[5] That is to say, the event shifts the AD curve, either to the right or to the left. A positive demand shock increases demand and shifts the curve to the right, resulting in higher prices. A negative demand shock decreases demand, shifts the curve to the left, and thus leads to a decrease in prices. Any number of events could constitute a demand shock, from an unexpected tax cut that increases consumer spending, to a dip in consumer confidence that decreases consumer spending. Likewise, an economic boom in for example China could result in higher exports to China, increasing demand. The danger of an aggregate demand shock is that they are a cause of uncertainty in the economy. Uncertainty makes it difficult for firms, government and consumers to budget properly and make the most effective investment and saving decisions. Both positive and negative demand shocks can be harmful, however, negative shocks are generally more feared. A negative demand shock, such as a drop in consumer spending, will lead to price decreases and the 2008 global financial crisis has been traced to such a demand shock in the US, which led to a fall in house prices, causing problems in the US subprime mortgage sector that then extended to the rest of the financial sector and wider economy. However, positive demand shocks, such as China’s increased demand for raw materials to fuel its economic growth have led to price increases in a number of important commodities that have also caused economic difficulties around the globe. Therefore, the consensus is that demand shocks of either ty pe are dangerous and any means of dampening them available to governments are desirable.[6] So could exchange rates be used to dampen a demand shock? A brief look at the relationship between monetary factors and the demand curve will demonstrate that exchange rates can be used to affect the demand curve. Therefore, in a positive demand shock, exchange rates could be used to decrease demand and in a negative demand shock, exchange rates could be used to increase demand. The relationship between two currencies may be nominal (e), or it may be real (RER). The real exchange rate takes into account variances in price levels in the two economies. P represents price in the domestic economy and P* the price in the foreign economy. [7] The exchange rate can be used to increase or decrease the price of goods in the economy relative to other economies. This will in turn impact on the international demand for a country’s products. This will impact on the net export figure (NX). A higher exchange rate will decrease international demand and thus will pressure a demand curve towards the left. This could be used to temper a positive demand shock that had increased demand for goods and pressured the curve towards the right. Likewise, a lower exchange rate will increase international demand, increasing exports and shifting the demand curve to the left. This could be used in the event of a negative demand shock to reduce the impact of the shock.[8] Basically, if any sector of demand changes rapidly, the government can seek to push exports in the opposite direction by making them more or less expensive. It is a simple idea and manipulating exports may be more desirable than manipulating other elements of demand, such as government spending, and may be easier to manipulate than, for example, consumer spending. Finally, the question must be asked, is the approach feasible? A central bank can quite easily impact on exchange rates by trading in its own currency. Buying will increase the exchange rate and selling will decrease the exchange rate. However, in order to move a currency value significantly, a central bank would be required to buy or sell a ‘significant’ amount of a currency. So what constitutes a ‘significant amount’ in the foreign exchange market? The global currency market is the largest and most liquid asset class in the world. The accepted size of this market in 2007 was generally put at about two trillion dollars a day. That would make it ten to fifteen times the size of the bond market and fifty times the size of the equities market. That means on a normal trading day, two trillion dollars passes hands. It would take an enormous amount of selling or buying by a central bank to make a dent in this market. A central bank that stepped in to buy or sell a couple of billion dollars worth of their currency would barely be noticed on the market, especially for the major currencies. And the question arises, how would a government fund such an intervention? It is also estimated that about 85 to 90 percent of the forex market is made up of speculators, meaning that attempts to manipulate exchange rates would be vulnerable to massive speculator bets which would have the power to undo any effect a government had on price movements.[9] Also, given the side effects of exchange rate changes, such as the relationship of the exchange rate to inflation, it is likely that the cost of moving the exchange rate, just to get the indirect benefit of altering net exports, would outweigh the benefit.[10] Therefore, it is concluded here that while exchange rates could be manipulated to insulate the economy from aggregate demand shocks, it amount of intervention required would be too large to justify the measure. Bibliography Dutt Ros, Aggregate demand shocks and economic growth, Struct.C.Ec.Dy 18 (2007) 75-99 Hargreaves-Heap, S.P., 1980. Choosing the wrong natural rate: accelerating inà ¯Ã‚ ¬Ã¢â‚¬Å¡ation or decelerating employment and growth? Economic Journal 90, 239–253 Krugman Obstfeld, (2005) International Economics: Theory and Policy, 6th ed., Pearson: London Krugman, (1987) The narrowing band, the Dutch disease and the competitiveness consequences of Mrs. Thatcher, Notes of Trade in the Presence of Dynamic Scale Economies, Journal of Development Economics (Oct) 1987 p. 321 Krugman, (1998) The Age of Diminishing Expectation, MIT Press: Cambridge MA. Li, X.M., 2000. The Great leap Forward, economic reforms, and the unit root hypothesis: testing for breaking trend functions in China’s GDP data. Journal of Comparative Economics 28 (4), 814–827 Perron, P., 1989. The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis. Econometrica 57, 1361–1401 Romer, D., 1996. Advanced Macroeconomics. McGraw Hill: New York. Romer, D., 2000. Keynesian macroeconomics without the LM curve. Journal of Economic Perspectives 14 (Spring (2)), 149–169 Tobin, (1975) Keynesian Models of Recession and Depression, Am. Ec. Rev. 65, 195-202 Footnotes [1] Krugman Obstfeld, (2005) International Economics: Theory and Policy, 6th ed., Pearson: London [2] Krugman, (1998) The Age of Diminishing Expectation, MIT Press: Cambridge MA. [3] Dutt Ros, Aggregate demand shocks and economic growth, Struct.C.Ec.Dy 18 (2007) 75-99 [4] Krugman, (1987) The narrowing band, the Dutch disease and the competitiveness consequences of Mrs. Thatcher, Notes of Trade in the Presence of Dynamic Scale Economies, Journal of Development Economics (Oct) 1987 p. 321 [5] Tobin, (1975) Keynesian Models of Recession and Depression, Am. Ec. Rev. 65, 195-202 [6] Perron, P., 1989. The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis. Econometrica 57, 1361–1401 [7] Romer, D., 1996. Advanced Macroeconomics. McGraw Hill: New York. [8] Romer, D., 2000. Keynesian macroeconomics without the LM curve. Journal of Economic Perspectives 14 (Spring (2)), 149–169 [9] Li, X.M., 2000. The Great leap Forward, economic reforms, and the unit root hypothesis: testing for breaking trend functions in China’s GDP data. Journal of Comparative Economics 28 (4), 814–827 [10] Hargreaves-Heap, S.P., 1980. Choosing the wrong natural rate: accelerating inà ¯Ã‚ ¬Ã¢â‚¬Å¡ation or decelerating employment and growth? Economic Journal 90, 239–253

Wednesday, November 13, 2019

Antibacterial Soap Causes Antibiotic Resistant Bacteria Essay -- Expos

     Ã‚   The next time you are in your kitchen, look at the area where you prepare food.   Do you wonder how many disease-causing bacteria could be living there?   There most certainly are some.   But don't let that image drive you to throw down this magazine and run for the antibacterial cleanser under the sink.   Right now it is pretty tough for those bacteria to make it into your body and begin wreaking havoc, because there just aren't enough of them right there in your kitchen.   But TV commercials for antibacterial cleansers would have you believe otherwise.   Those cheery soccer moms want you to be so afraid of the bacteria living in your kitchen that you make sure to buy their product-the one that "kills 99.9% of bacteria."   Now, it's true that bacteria can cause illness, and as humans we are often at odds with bacteria, but we just can't kill them all.   If we try, we could see our plans backfire and send ourselves into a new and precarious future of disease.    To understand how, we simply need to take a look at how bacteria have become rapidly resistant to antibiotics, and we see a story unfolding that begins with penicillin as an attack on disease and now has become a Frankenstein's monster of sorts.    Since the 1950s, antibiotics have been widely available and frequently prescribed, and consequently our overuse of and dependence on antibiotics has left us powerless against new, stronger bacterial species capable of causing life-threatening illnesses, such as tuberculosis. In their valiant effort to create safe, disease free environments, hospitals have unwittingly contributed to the proliferation of antibiotic resistant bacteria.   Although these "superbacteria" are now found mainly in hospitals, a new wave of household pr... ...w think of your own kitchen.   You have the power to keep it as close to the memory of your childhood as you wish. By restricting our use of antibacterial products, we can keep our houses-and our children's houses-safe. But by attempting to wipe out all bacteria and live germfree, we will catapult ourselves into a dark and uncertain future, where our best cure has become our worst poison.    Notes 1. "News Release Archive for 1999," the Soap and Detergent Association web site, 22 May 2014 <http://www.sdahq.org/about/archive99.html#triclosan>.    2. Joseph B. Verrengia, "Some Soaps May Aid Drug Resistance," AP Online. 6 August 2014, 16 June 2014 <http://web.lexis-nexis.com/ >; see also Barbara Ingham, "September 2014 Newsletter," Food Facts for You! 20 June 2014 www.uwex.edu/ces/flp/specialists/ingham/sep2014.html 3. Verrengia.

Sunday, November 10, 2019

Transhuman Megalomania

Transmute Megalomania Transmutation Deflation: The belief or theory that the human race can evolve beyond Its current physical and mental Limitations, especially by means of science and technology. Megalomania Definition: A psychopathology condition characterized by delusional fantasies of wealth, power, or omnipotence; an obsession with grandiose or extravagant things or actions. Causes the afflicted to believe that they have great or unlimited power or importance. Definition: Not a new mental illness. Refers to victims of megalomania whose edified abilities Justify the subject's sense of Importance.Due to the ubiquitous nature of moods, cybernetic, nanotechnology, bioengineering, picnic, or transubstantiation, It Is Inevitable that certain megalomaniacs are also high-powered madders. Ascertaining whether the Illness Induced the subject's extensive modification or if nodding cements the illness has generally been dismissed as a chicken-or-the-egg conundrum. There is little to be don e for treatment of hyper- megalomaniacs, other than necessary acts of subdued and detainment. Treatment an begin after the subject is forcibly deprived of moods and demoted to a baseline megalomania status.Definition: The belief or theory that the human race can evolve beyond its current physical and mental limitations, especially by means of science and technology. Wealth, power, or omnipotence: an obsession with grandiose or extravagant things or modified abilities Justify the subject's sense of importance. Due to the ubiquitous nature of moods, cybernetic, nanotechnology, bioengineering, picnic, or modification or If nodding cements the Illness has generally been dismissed as a reinvestigation, it is inevitable that certain megalomaniacs are also high-powered madders.Ascertaining whether the illness induced the subject's extensive Natural Computing Natural Computing is an interdisciplinary field of research that investigates human- designed computing inspired by nature as well as computation taking place in nature, I. E. , it investigates models, computational techniques, and computational technologies inspired by nature as well as it investigates phenomena/processes taking place in nature in terms of information processing. One of the research areas room the second strand of research is the computational nature of biochemical reactions.It is hoped that this line of research may contribute to a computational understanding of the functioning of the living cell, which is based on interactions between (a huge number of) individual reactions. These reactions are regulated, and the main regulation mechanisms are facilitation/acceleration and inhibition/ retardation. The interactions between individual reactions take place through their influence on each other, and this influence happens through these two mechanisms.

Friday, November 8, 2019

Chocolate War essays

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Wednesday, November 6, 2019

buy custom Attitude towards Exercise essay

buy custom Attitude towards Exercise essay Attitude can influence someone positively or negatively towards something. If you have a positive attitude towards something, you will always support it and you will be ready to perform anything associated with it because it lies under your area of interest. Negative attitude on the other hand, will make you ignore anything that you have a negative altitude towards despite the benefits you might gain from it. From the above explanation, we can see that there are two types of altitudes towards something. These two attitudes can be simply classified as positive and negative attitudes. The attitude you have towards exercise can be beneficial to you or ruin your life. Having a positive attitude towards exercising is very important because the benefits of exercising outdo the shortcoming of it. People who have a negative attitude towards exercises usually have health problems such as obesity, they are prone to heart attacks and have difficulties in their diet taking. There are numerous benefits associated with having a positive attitude towards exercising. Physical exercises are very important for maintaining physical fitness and overall health and wellness. Exercises are very crucial since they help to improve your body energy. Combination of exercise and nutritiondevelop a hormonal environment fit to fat loss thus, increased energy. Physical exercises also increase self-esteem because they help someone to gain control of their body size and weight and this will automatically increase their self-esteem. Physical exercises are also attributed to increased mental focus as they help to keep the brain sharp into old age. Another key benefit of exercising is that it helps to reduce the risk of heart attack. Physical exercises lower cholesterol and blood pressure and this diminishes the chances of having a heart attack. Production of endorphin increases through exercise and this improves mood and suppresses depression. Physical exercises are also known to reduce stress level. Taking and exercise right after work is a perfect natural therapy that help you to change your mood, it will also help you to sleep better. These are just a few examples of the benefits of taking physical exercises. Those with positive attitude towards exercises take physical exercises regularly and thus keep their body fit and free from unnecessary health problems such as obesity. Some people have a negative attitude towards exercise though this cannot be considered as their preference to do so. Some of them have physical disabilities thus they hate pphysical exercises with all might. There are others with physical disability if encouraged to have a positive attitude towards exercises can concur their disabilities and be able to life a normal life. This can be portrayed by people with weak limps, if encouraged to take physical exercises regularly their limps can gain strength and they will be able to live a normal life. Obese people should also be encouraged to take exercises so that they can reduce the chances of developing other health problems. Negative attitude towards exercises should be discouraged because it is clear that physical exercises are beneficial to our health. In conclusion, attitude can be said as socially created and modified using direct contact with the variable you are interested in. this suggests that those people with a negative attitude towards physical exercises, their notions and feelings towards exercises can be easily be altered. People should be encouraged take physical exercises regularly so that they can make their bodies physically fit and escape some diseases. To build a positive attitude towards exercises we should start encouraging people take physical exercises when they are young so that they can develop this culture and erode the negative attitude at an early stage. Buy custom Attitude towards Exercise essay

Monday, November 4, 2019

Asymmetric Information Essay Example | Topics and Well Written Essays - 500 words

Asymmetric Information - Essay Example The various forms of asymmetric information include adverse selection, cost monitoring and moral hazard. (Bebczuk, 2003).The financial market is mostly affected by any of these forms which in turn lead to problematic financial transactions. Asymmetric information leads to various problems out of which the opportunistic behavior is the most risky situation. Opportunistic behavior is a situation in which executives and managers of a company tend to differentiate the information. The original information is conveyed in two different ways to the people working in the organization and to the outsiders. (Karuratna, 2000).This is done to improve their contacts and financial transactions through which they can maximize their utilization of funds. This in turn affects the investors as they are not provided with proper information. Since the information is misinterpreted by the managers it leads to the predicament called as the opportunistic behavior. (Sharpe, 1990).The managers make use of this opportunity and their reported earnings get gradually increased. The opportunistic behavior shows desire of the managers and their urge to move on with the financial transactions. Managerial discretion may add up to the already sustainin g problems there by resulting in loss to the people involved in the contract. In addition to that, it eventually increases discretion among the managers which also leads to loss in the amount of shares. (Sun, 2008).The shareholders tend to invest more money in a particular company and managers take advantage of this situation. In a competitive financial market, opportunistic behavior poses greater risk to exporters as well as the party involved in transaction. The terms of contract are also not specified properly in the financial document. There are also two types of opportunistic behavior prevalent in financial markets. Opportunism

Friday, November 1, 2019

Founding Fathers Essay Example | Topics and Well Written Essays - 500 words

Founding Fathers - Essay Example These visionaries drafted a document that served as an inspiration for democracies worldwide. The founders were keen in ensuring that the government that would take over would be defined by liberties of individuals and the quest of happiness for its citizens who will be accommodated by the government and its systems (Mason and Rauchut, 2008). This is to say that the founders intended to form a government, whose sole purpose was to ensure freedom and prosperity of its citizens. They understood that power came with consequence and that it could be corrupted limiting the liberty envisioned, as is evident in the governments nowadays. This can be traced back to the founding fathers hypothesis that there is a correlation between personal liberties and expansion in the federal government that is negative. Though this growth was viewed suspiciously by the founding fathers, it was inevitable since the society is dynamic necessitating governance changes and growth. Even though it may have a de trimental effect on liberty, growth of the federal government since the time of the founding has been necessitated because conditions today demand that government grow to meet our needs, since governance needs change over time. The idea of government is based on the principle of servitude, in that it is created to serve the people.