Saturday, August 31, 2019
Gender Implications in Web Development/HCL Essay
There are many women just as men who use internet on the web pages. The number of users from both genders continues to increase and this leads to a size doubling of the World Wide Web every two to three months. However, despite the fact that both female and male users are many, there are fewer women compared to men in the IT professions dealing with web design and development. Objectives †¢ To identify factors of web-design that appeal to men and those that appeal to women †¢ To evaluate how the factors affect the usage of web across the two gender groups Background Internet usage is growing for both commercial and personal purposes. In website-development for commercial purposes, appeal is important because substantial studies show that visitors stay longer on the web site they are visiting if they perceive it to be appealing (Moss, Gunn & Heller, 2006). The more the visitors stop and the longer they stay at a page the more likely the success of the web’s purpose will be achieved. Research shows that customer preferences are varied and more so the difference is sharp between the male and female consumers segments. However, there are many men website-developers as compared to females and it is assumed that various web designs will thus be aligned to suit the male’s preference. Does this mean that female consumer preferences are sidelined in web designs and if so how does this affect the mushrooming e-commerce activities? Research Questions 1. What are the factors of web designs that are likely to appeal to women and how frequent do they occur in web designs? 2. How does the lack or presence of these factors affect on-line businesses? Literature Review Moss, Gunn & Heller, (2006) show the importance of women as consumers and web users. Moss, et al. , (2006) address previous study on web development in which demographics like age, social status, and geographic locations are factors identified to be most considered in web development. However, there is a growing interest on how gender-perceived factors influence the usage of web. Moss, et al. , (2006) conducted an interactionist in which data from Cyber Dialogue data of 1998 was used to measure the number of male and female visitors attending to various sites like news, fitness, health and fashion. The study tries to evaluate factors that attract the customers to particular sites. This research will be based on the same methodology but on a more current date because internet innovations occur at a first rate. The study will compare the factors in the current female and male consumer segments by answering why each group prefers particular websites to others. Proposed Methodology A rating system will be used in which respondents will be asked to rate different kinds of websites against a set of criteria that will be determined from Jakob Nielsen’s factors of an appealing website. The respondents will be required to indicate whether they are male and female. During the analysis stage, a chi-square test of association will be used to compare the rates achieved between the males and females. A quantitative rating system is a justified system for the study because individual preferences can be identified. Jakob Nielsen (1989) a primary researcher of human computer interactions revealed usability issues that have the most impact on the hypertext interfaces and showed how some of them are related to individual differences as far as hypertext systems are concerned. References Moss, G. , Gunn, R. & Heller, J. (2006). â€Å"Some men like it black, some women like it pink: Consumer implications of differences in male and female website design,†Journal of Consumer Behavior, 5: 328-341. Nielsen, J. (1989). â€Å"The matters that really matter for hypertext usability,†Proceedings of Hypertext ’89, Pittsburgh, PA, ACM Press, 239-248
Friday, August 30, 2019
Evaluating the Results of School Administration and Supervision
Educ. 207 Evaluating the Results of School Administration and Supervision Organizational evaluation or assessment measures compare and analyze the coherence between results and specific objectives, and between specific objectives and general objectives of institutional projects, programs or plans. Evaluation is an important aspect of improving the administration in any organization. It plays a very important role in helping the managers to improve the efficiency and effectiveness in their operations.It can act as an instrument to create confidence and generate support of the people for research programs, and put forth their activities in a transparent and effective way to its shareholders. Depending upon the time of evaluation, it can either be Ex-ante evaluation or Ex-post evaluation. When the evaluation has been conducted before or during the implementation of a task, it is known as Ex-ante evaluation. Ex-post evaluation is carried out after a task is completed. Evaluation in an or ganization can be carried out in an integrated form or with respect to certain departments.When it is carried out for the entire organization, the result is apprised with goals and objectives and the quality of the result is calibrated with predetermined standards. When it is carried out separately for each department, it is necessary to determine the importance of the task performed and role played in the result by the respective department. Coordination between different departments is always an important aspect of any evaluation process. Communication within the workplace should generally be followed with proper protocols, but it should be from top to bottom and vice versa.Horizontal communication should also be promoted in an effective manner. The three vital elements in an evaluation process are the organization, the assessment team and the employees who use the assessment results. To effectively carry out the evaluation process, the assessment team must be aware of power hiera rchies, decision-making policies, organizational culture and other internal and external intricacies. Organizations should provide formal coaching to an assessment team before carrying out any evaluation.Employee assessment plays a vital role in building a good rapport and cordial relations between the management and the employees. Employee evaluation should be carried out in a friendly atmosphere with minimum formalities. They should be given an opportunity to speak out openly. Interviews can be conducted in an informal and unstructured manner to gauge the employee satisfaction level. People like recognition for the work they do and mostly wish to talk about it. They like to share their problems, conflicts, perceptions and achievements. Educ. 07 Code of Ethics for Professional Teachers An ideal teacher is the one we respect from our heart. He/she acts as a guide to the students, while not pushing them too much. Such a perfect motivates them and boosts their morale. He/she tries to encourage the students and refrains from criticizing them. The perfect teacher prefers to give positive motivation to his/her students. His/her comments are always constructive in nature. He/she serves as our friend, guide, educator, confidante, and a blend of all the good qualities one can posses.Such a teacher shapes the entire life of the students. If everyone in this world gets an ideal teacher, he/she won’t have to look back in his/her life ever. Considering the fact that students spend a great part of their life at school, one may come to conclusion that schools contribute significantly into overall ‘quality' of students' lives. No wonder that personality of a teacher is of crucial importance; moreover, some teachers turn into extremely important people for the whole life due to the impact they make while teaching us.It is good if this impact is positive and brings motivation for students, however, it sometimes happens that teachers manage to spoil not only mood o f a student but intrude into internal world, leaving unpleasant vestige there. That is why the statement that, â€Å"What the teacher is, is more important than what he teaches†, expressed by Karl Menninger is really truthful. Question of teacher's ethics has been on the agenda since teachers appeared and it is still important to talk about that.Teachers are the people, who should serve for students not only as examples of high education but of decent behavior as well. That is why each violation of teacher's ethics may cause some really serious consequences and turn into crucial mistakes. For example, ignoring some student may lead to personal complexes because a young personality will feel depressed and underestimated. Of course, much depends on child's family, surrounding, but as it was stated from the very beginning school is the place where children spend a great part of their time and that's why they are growing as personalities at school.It is vital that they grew in a healthy atmosphere, surrounded by professional teachers that would be able to not only give knowledge but give lessons of ethics too. Educ. 207 BASIC EDUCATION SECTOR REFORM AGENDA ( BESRA ) The Department of Education is pursuing a package of policy reforms called the Basic Education Sector Reform Agenda (BESRA) to build upon the efforts of the School First Initiative (SFI) and to create a basic education sector that is capable of achieving the Education for All (EFA) objectives by 2015.STRIVE focuses on systems development, particularly at the regional level. The support systems which are being developed will address the need for effective continuous use of promising project initiatives mainstreamed in DepED as well as ensure quality improvement processes within the education system itself. STRIVE focuses on developing systems for BESRA regional implementation anchored to the national policy and frameworks. It is one of the strategic avenues to support the successful implementatio n of BESRA.The implementation of the BESRA was seen as a welcome move by many, both in the private and public sector. Several landmark initiatives by the DepEd have been based on the BESRA, such as the institutionalization of multilingual education, the Third Elementary Education Project (TEEP), and the Secondary Education Development and Improvement Project (SEDIP). However, years after its first implementation, many of the proposed reforms have not been fully implemented.As NicetoPoblador said in the column â€Å"Beyond reform, beyond transformation,†published in the Philippine Daily Inquirer last 25 January 2009, the primary hindrance to any true reform in the education sector was the resistance of â€Å"entrenched elements in the bureaucracy and by elements outside the system whose interests firmly lie on the status quo. †Poblador also paraphrases Cynthia Bautista, a sociologist at the University of the Philippines, saying that most of the reform proposals that h ave been put forward (including the BESRA, which was founded on the research of external parties) have been â€Å"externally generated. Because the proposal was â€Å"externally generated,†bureaucrats have the final say in the implementation of these reforms. Educ. 207 PROGRAMS AND PROJECTS OF DEPED Academics is not the be-all and end-all of education. At DepED, we recognize that pure classroom instruction cannot fully satisfy the growing need to provide pupils and students with opportunities for practical learning and proper channelling of potentials and interests.Because we believe in the importance of exposing and preparing young people to face the realities of life, we implement various programs and projects – all of which, hopefully, will help pupils and students become more well-rounded individuals and citizens of our country. A. STUDENT TECHNOLOGISTS AND ENTREPRENEURS OF THE PHILIPPINES (STEP)                Establi shment of STEP Organizations                Technical Conference and Training/Workshop                Skills Development and Competitions                AwardsAnnual Evaluation and Planning Conference and Workshop           B. STUDENT GOVERNMENT PROGRAM (SGP) Synchronized Supreme Pupil/Student Government Elections                Supreme Student Governments Division, Regional and National Federations                National Leadership Training for Student Government Officers                Awards Youth Leadership Awards – Celebrity Edition Peer Counseling Program Training/Workshop                 National Federation of Supr eme Student Governments Conference                 Annual Evaluation and Planning Conference and Workshop           C.YOUTH ENTREPRENEURSHIP AND COOPERATIVISM IN SCHOOLS (YECS)                Establishment of YECS Organizations                Training and Conference (Teen Negosyo)                Awards Moderators’ Training Annual Evaluation and Planning Conference and Workshop          D. YOUTH FOR ENVIRONMENT IN SCHOOLS (YES)                Establishment of YES Organizations                Youth for Environment Summer Camp                Massive-Intensive-Sustained Tree-Planting, Tree-Growing and Tree- Caring                Annual Evaluation and Planning Conference for Tree-Planting Program
Thursday, August 29, 2019
Protein Energy Malnutrition Essay
* Kwashiorkor (protein malnutrition predominant) * Marasmus (deficiency in both calorie and protein nutrition) * Marasmic Kwashiorkor (marked protein deficiency and marked calorie insufficiency signs present, sometimes referred to as the most severe form of malnutrition) Note that this may also be secondary to other conditions such as chronic renal disease[3] or cancer cachexia[4] in which protein energy wasting may occur. Protein-energy malnutrition affects children the most because they have less protein intake. The few rare cases found in the developed world are almost entirely found in small children as a result offad diets, or ignorance of the nutritional needs of children, particularly in cases of milk allergy.[5] Kwashiorkor (pronounced /kwÉ‘Ë ÊÆ'iˈÉâ€rkÉ™r/) is an acute form of childhood protein-energy malnutrition characterized by edema, irritability, anorexia, ulcerating dermatoses, and an enlarged liver with fatty infiltrates. The presence of edema caused by poor nutrition defines kwashiorkor.[1] Kwashiorkor was thought to be caused by insufficient protein consumption but with sufficient calorie intake, distinguishing it from marasmus. More recently, micronutrient and antioxidant deficiencies have come to be recognized as contributory. Cases in the developed world are rare.[2] Jamaican pediatrician Dr. Cicely D. Williams introduced the name into the medical community in her 1935 Lancet article.[3] The name is derived from the Ga language of coastal Ghana, translated as â€Å"the sickness the baby gets when the new baby comes†,[4][citation needed] and reflecting the development of the condition in an older child who has been weaned from the breast when a younger sibling comes.[5] Breast milk contains proteins and amino acids vital to a child’s growth. In at-risk populations, kwashiorkor may develop after a mother weans her child from breast milk, replacing it with a diet high in carbohydrates, especially starches, but deficient in protein. SIGNS AND SYMPTOMS The defining sign of kwashiorkor in a malnourished child is pedal edema (swelling of the feet). Other signs include a distended abdomen, an enlarged liver with fatty infiltrates, thinning hair, loss of teeth, skin depigmentation and dermatitis. Children with kwashiorkor often develop irritability and anorexia.[1] Victims of kwashiorkor fail to produce antibodies following vaccination against diseases, including diphtheria and typhoid.[6] Generally, the disease can be treated by adding food energy and protein to the diet; however, it can have a long-term impact on a child’s physical and mental development, and in severe cases may lead to death. In dry climates, marasmus is the more frequent disease associated with malnutrition. Another malnutrition syndrome includes cachexia, although it is often caused by underlying illnesses. These are important considerations in the treatment of the patients. POSSIBLE CAUSES There are various explanations for the development of kwashiorkor and the topic remains controversial.[8] It is now accepted that protein deficiency, in combination with energy and micronutrient deficiency, is necessary but not sufficient to cause kwashiorkor.[citation needed] The condition is likely due to deficiency of one of several types of nutrients (e.g., iron, folic acid, iodine, selenium, vitamin C), particularly those involved with anti-oxidant protection. Important anti-oxidants in the body that are reduced in children with kwashiorkor include glutathione, albumin, vitamin E and polyunsaturated fatty acids. Therefore, if a child with reduced type one nutrients or anti-oxidants is exposed to stress (e.g. an infection or toxin) he/she is more liable to develop kwashiorkor. Ignorance of nutrition can be a cause. Dr. Latham, director of the Program in International Nutrition at Cornell University cited a case where parents who fed their child cassava failed to recognize malnutrition because of the edema caused by the syndrome and insisted the child was well-nourished despite the lack of dietary protein.[citation needed] One important factor in the development of kwashiorkor is aflatoxin poisoning. Aflatoxins are produced by molds and ingested with moldy foods. They are toxified by the cytochrome P450 system in the liver, the resulting epoxides damage liver DNA. Since many serum proteins, in particular albumin, are produced in the liver, the symptoms of kwashiorkor are easily explained. It is noteworthy that kwashiorkor occurs mostly in warm, humid climates that encourage mold growth. Protein should be supplied only for anabolic purposes. The catabolic needs should be satisfied with carbohydrate and fat. Protein catabolism involves the ureacycle, which is located in the liver and can easily overwhelm the capacity of an already damaged organ. The resulting liver failure can be fatal. In a study of twins from Malawi, presented March 9 at the International Human Microbiome congress in Vancouver, kwashiorkor affected one twin in 50% of a study group, but both twins only 7% of the time. When gut bacteria from the twins were transplanted into germ-free mice, the mice receiving bacteria from affected twins lost more weight on a typical Malawian diet consisting largely of corn flour and water with some vegetables. It was speculated that transplantation of fecal bacteria may help affected children MARASMUS Marasmus is a form of severe protein-energy malnutrition characterized by energy deficiency. A child with marasmus looks emaciated. Body weight may be reduced to less than 80% of the average weight that corresponds to the height .[citation needed] Marasmus occurrence increases prior to age 1, whereas kwashiorkor occurrence increases after 18 months. It can be distinguished from kwashiorkor in that kwashiorkor is protein wasting with the presence of edema. The prognosis is better than it is for kwashiorkor.[1] The word â€Å"marasmus†comes from the Greek ÃŽ ¼ÃŽ ±Ã ÃŽ ±ÃÆ'ÃŽ ¼ÃÅ' marasmos â€Å"consumption†from ÃŽ ¼ÃŽ ±Ã ÃŽ ±ÃŽ ¯ÃŽ ½ÃŽ µÃŽ ¹ÃŽ ½ marainein â€Å"to consume, exhaust.†â€â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- Signs and symptoms The malnutrition associated with marasmus leads to extensive tissue and muscle wasting, as well as variable edema. Other common characteristics include dry skin, loose skin folds hanging over the buttocks (glutei) and armpit (axillae), etc. There is also drastic loss of adipose tissue (body fat) from normal areas of fat deposits like buttocks and thighs. The afflicted are often fretful, irritable, and voraciously hungry. Marasmus is generally known as the gradual wasting away of the body due to severe malnutrition or inadequate absorption of food. Marasmus is a form of severe protein deficiency and is one of the forms of protein-energy malfunction (PEM). It is a severe form of malnutrition caused by inadequate intake of proteins and calories
Wednesday, August 28, 2019
Discuss the historical context of the passage in Israel's history and Essay
Discuss the historical context of the passage in Israel's history and the significance of the passage for Biblical Religion - Essay Example Historic reading of the flood myth shows us how the ancient Israelites understood their place in the universe, their relationship to God, their relationship to other nations, and God’s feelings toward and desires for them. A historical reading of the story of Noah can tell us many things about the ancient Israelites. McDermott explains how comparing the Biblical account of the flood to a similar and undoubtedly related story in the epic of Gilgamesh helps demonstrate the worldview of the ancient Israelites. First of all, the prevalence of such tales across a diversity of cultures suggests to modern readers â€Å"that there must have been some wide event behind them†(McDermott 31-2). However, as tantalizing as this information is, it is not specific to the Pentateuch. More interesting are the differences between the two views of God and intention. In particular, the Gilgamesh account portrays a world with many gods, who do not always agree, and who do not entirely control the universe. There is an element of chaos and lack of control in the Gilgamesh account, with a renegade god and an unplanned survivor. The Genesis account, on the other hand, naturally speaks of one, all-knowing, all-powerful , and all merciful god who set out to create the exact flood and the exact result delineated in the story of Noah. This represents a huge shift in religious thought. In Gilgamesh, the flood â€Å"is simply an arbitrary act†(McDermott 33) while in Genesis it is done for the purpose of giving â€Å"creation a second chance to live righteously†(McDermott 33). In Gilgamesh, the survivor is an accident, while Noah is part of God’s plan. In Gilgamesh, the flood â€Å"was so terrifying that even the gods were frightened and retreated to the high heaven†(McDermott 32); in Genesis, God â€Å"remembered Noah and all the wild animals and domestic animals that were with him
Ideology of the American Public Accounting Profession Coursework
Ideology of the American Public Accounting Profession - Coursework Example The researcher states that public interest is the collective well-being of people and the institutions they serve. Failure to fulfill this mandate can have very serious adverse consequences such as what happened to the Arthur Andersen auditing firm for being complicit in the Enron scandal. This paper examines the role of accounting in serving public interest versus self-interest when accountants and auditors are engaged for their services. I will state the answer to the above question is in the negative in relation to the financial crisis brought about by the bursting of the real estate asset price bubble and the issue of stock buybacks within the context of academic research. Real life as used in this paper refers to actual business and economic conditions; regulations pertain to all the government orders issued to control the conduct of business to protect the public interest. The accounting profession adopted a code of ethics and professional conduct for its members to guide them in serving a public interest. The dilemma that most accountants face often is the conflict of interest between public interest and their self-interest. In conflict-of-interest situations, the tendency is to side with private firms that had engaged their services. The International Federation of Accountants (IFAC) was formed to guide members in 164 countries how to conduct themselves to resolve issues involving professional ethics in diverse areas like public accounting and auditing. The chief ethical dilemma of most accountants is what constitutes timely and full disclosure. Another example would be the issue of what is appropriate to use: historical cost accounting or fair value accounting. There are plenty of materials that discuss the advantages and the disadvantages of either of these approaches. Accounting reports prepared for financial users such as investors and shareholders do have the important bearing on investment decisions because people rely on them. Accounting is used to improve risk disclosure among publicly-listed companies in terms of adequate internal controls so investors feel assured. Financial statements have a public interest when investors use them in evaluating the alternatives in several companies. Professional bodies emphasize to all members to put public interest over and above self-interest and accept full responsibility for all their work. The International Accounting Standards Board (IASB) has guidelines to integrate global capital markets through a common language for financial reporting through the International Financial Reporting Standards (IFRS). It is now used in a hundred nations.
Tuesday, August 27, 2019
Role of communication within an organisation Essay
Role of communication within an organisation - Essay Example Derived from the Greek terminology organon, an organization can be defined as a social body which arranges one or two or more persons to pursue collective goals. Organization can be created with one or more than one person and the communication within the organization helps everyone to achieve its goal in a systematic manner. It should be remembered that proper communication implies the same meaning of a matter to everyone which is being evaluated collectively. It has been examined that almost nine-tenth of a manager’s work time is dedicated towards communicating in the organization (Kushal and Ahuja, 2009, p. 19). Different types of communication models are used in various organizational contexts. Broadly communication in an organizational context can be classified into two parts, namely, one way communication and two way communication. In one way communication the communication flows downward or upward. In most of the organization the one way communication is used for sending notice, policies etc., whereas, two way communication is basically used in most of the organization for sharing ideas, thought etc. As we know organization is nothing but aggregate of many entities, those can be structured in different forms, keeping in accordance with requirement of an organization so that the organizational purposes can be served through that particular method of communication in the best way possible. In complex matrix organization delayering is recommended. Most of the multinationals have adopted the delayeing method to cut the cost of reporting layers as well as to build effective communication among the organization within small groups which bridge the whole organization. Delayring also speeds up the communication as the decision is being taken by the lower level managers respect to their strata, which improves the communication in both upward and downward hierarchy it also increase the
Monday, August 26, 2019
Leadership Essay Example | Topics and Well Written Essays - 250 words - 67
Leadership - Essay Example Nonetheless, his greatest gift as a conversationalist was that many people believed that he meant what he said. It was emblematic for him to be at odds with people that were very close to him. He also frequently experienced the disapproval and contempt from his enemies and critics. He was firm and had a great sense of responsibility to tackle the deeply decisive matter the nation was going through; the Civil War and slavery (Schwartz & Schuman, 2005). Lincoln often visited the areas where that had work that related to the matters he was fighting, asking many questions and getting insights from those with the most knowledge concerning a situation At the time of his presidency, the nation was divided into southern and northern regions. Civil war broke out, an extremely violent as well as a bloody war on the territory of both nations. He led the United States to eventually defeat the union, and following his celebrated Emancipation Proclamation, he set up measures to eliminate slavery (Schwartz & Schuman, 2005). Lincoln was right in backing the Union, which fought slavery. He did not protect the association and the people backing slavery (Schwartz & Schuman, 2005). He felt that it was particularly significant for the United States to stop slavery. When the war ended, he felt that it was critical to join up the Union and the coalition back into one nation. The measures he took to accomplish the goal to reunite the United States were some of his major
Sunday, August 25, 2019
Determination of Exchange Rate Coursework Example | Topics and Well Written Essays - 4000 words
Determination of Exchange Rate - Coursework Example The initial period was 1870 to 1914 where most countries adopted the gold standard where gold was used as domestic money. The above gold standard was a uniform exchange rate regime, though some countries constantly used silver while other countries gold inconvertible currencies (Ehrmann and Fratscher, 2004, p. 105). The start of the First World War interrupted this exchange rate era thereby bringing in the second phase that was 1914-1946. Under this second period, there were many changes as many countries saw great variations of currencies used among countries and the over time. Exchange controls were initiated with most countries utilizing the floating exchange rates (Escobar, 2012). It was noted that in the late 1920s, the efforts to restore the gold standards as were before the war began aborted (Deaton and Duprietz, 2011, p. 152). The exchange rate policy was dominated by the Breton Woods agreement that was signed in 1944 between 1946 and 1973. Through this pact, countries agreed to commit themselves to convertible currencies that could be converted to the current account and the fixed exchange rate (Chinn and Hiro, 2005, p. 301). The pact enhanced eschew of exchange controls and fixing the exchange rates due to the negative lessons that were experienced after the world war (Bagella, et al. 2006, p. 1152). Despite the increased application and use of the Breton Woods pact, Kenen (2000, p. 111) posits that the arrangement was strained since the 1960s and in 1973, fixation of exchange rates was officially abandoned by most countries in Europe and Japan thereby ushering in the next period of exchange rates that has been in application since 1973 to date where countries use floating exchange rates (Chinn & Hiro, 2005, p. 303). 2.2 Types of Exchange Rates 2.2.1 The Nominal Exchange Rate Regime The nominal exchange rate is the exchange rate of a given currency whose value is not averagely weighted in relation to the major currencies across the globe (Cooper, n.d. : 21). The weights of the currency are determined by the domestic country that places its currency in a given pool of global currencies that are measured by the balance of trade between these countries. The nominal effective exchange rate (NEER) is the relative value of a domestic currency as compared to major global currencies such as the U.S. Dollars, the UK Pound and the Japanese Yen among others. A high NEER implies that the domestic currency has a more value than the foreign currency while a lower NEER implies that the domestic currency has a less value as compared to the foreign currency. As noted by Eichengreen and Leblang (2003, p. 804), the nominal exchange rate refers to the exchange rate of a given currency in relation to the given foreign currency. 2.3 Real Exchange Rates Galindo (2006, p. 64) note that the real exchange rate can be distinguished from the nominal exchange rates since real exchange rates refers to the cost of foreign good relative to the cost of domestic products. It provides the required competitiveness in the market and it is necessary in explaining the behavior of trade and national income in a competitive global economy. The real exchange rate is usually volatile and it keeps varying based on various business environment factors (Ickes, 2004, p. 16). The big fluctuations in the real exchange rates could lead to improved welfare to an economy, though this is not
Saturday, August 24, 2019
Benefites and drawbacks of the internet Essay Example | Topics and Well Written Essays - 750 words
Benefites and drawbacks of the internet - Essay Example Internet is just like an ocean of knowledge for all the people. But the problem is that this ocean consists of good and evils. Only the matured persons will be able to select and segregate good things from internet whereas immature people always fell in to this ocean as victims of the bad things. This paper briefly analyses the advantages and disadvantages of internet. â€Å"Internet can provide explicit sex and violence related materials which can harm the development of modern generation. Exhibitions of genitals, the use or sale of weapons, illegal drug sale, illegal gambling, alcohol consumption, explicit violence against people or animals including hate crimes, tobacco use etc are some of the major disadvantages of using internet. One of the major reasons for juvenile offenses is the influence of internet upon children. Segregation of good and evils is difficult for kids because of the growth of sex hormones at the adolescent period. It is easy for the juveniles to watch movies filled with violence and sexual activities using internet websites like YouTube. Internet is a paradise for gamblers and antisocial elements. Credit card forgery, phishing like internet scams are increasing day by day and even intelligent adults fall victims of such cheaters. It is easy for such tricksters to cheat the kids, if the parents fail to put an eye on their child’s activities in internet. Another major disadvantage of internet is the threat of viruses. â€Å"Over 50% of all companies report being hit by a virus each year. Over 20% of all computers are currently infected with spyware†(Computer Internet Security). In short, many companies are facing severe problems in keeping their data safe in their computers because of the virus threat from internet. Internet addiction may sometimes reduce the thinking ability of a child. Children will use internet for everything and the readily available information may result in seldom usage of their brains. The growth of mental
Friday, August 23, 2019
Who has been more successful at harmonising financial reporting the EU Essay
Who has been more successful at harmonising financial reporting the EU or the IASB Give reasons for your judgement - Essay Example Why? Because if an investor is interested in trading and putting his money which cumulatively accumulates as the region’s capital cannot invest in the member state which has different accounting standards as compared to his state, thus forcing him to invest in his state as he is not able to compare the financials of the other state leading to a non optimal distribution of capital. So for smooth and optimal distribution of capital across the European Union, it decided to go for an all out conversion of accounting standards, making the region more investor friendly and helping its political cause as well (Susanne & Christina, 2003). Even though standardisation of accounts was a welcome change for investors and industry as a whole, the reason behind the selection of International Financial Reporting Standard (IFRS) promulgated by IASB was questioned. It could be answered in two steps, one which was politically motivated and other which was more accounting standard oriented. In 1990s there were an increased mergers and acquisitions involving European companies within European Union and out of it, which increased the pressure of having a unified and standardised form of reporting system. Globalisation of capital market and international fund movement was mounting throughout the 90s. EU securities exchange allowed companies to list themselves if they were reported according to GAAP or IAS, the only possible way to remain in the global securities market which was constantly dominated by the United States. The European Union governments feared that this way US GAAP would become the international standard for financial reporting. Therefore, a need for a competing set of standard for reporting financials was deeply felt to counter the US dominance and their dictatorship over the rules of accounts to be followed worldwide. Thus, the option boiled down to two accounting standards: â€Å"European†standard or IASB accounting standard. Historical unsuccess ful combination
Thursday, August 22, 2019
The Role of the Youth in Establishing Unity in a Diversified Multicultural Society Essay Example for Free
The Role of the Youth in Establishing Unity in a Diversified Multicultural Society Essay The Role of the Youth in Establishing Unity in a Diversified Multicultural Society Years passed, adults have tried to control youth because they represent the future. Young people often fight back, trying to create their own world that is separate from their parents. At the end of World War II they were finally given a name: â€Å"teen-agers,†an ideal of young people as consumers. That model for youth spread around the world, and still exists today. Throughout history, young people have played an active role in shaping major social and political advancements. Today’s growing globalization and cross-border movements create an environment, which is increasingly diverse in terms of culture and religion. Young people’s contribution to understanding the impact of this diversity on everyday life as well as politics is now more crucial than ever. Moreover, as they constitute the largest segment of population in many regions, the role of youth in shaping their country’s response to cultural and religious diversity is vital. We clearly see youth as an essential asset – a crucial pool of talent, ideas and energy – that plays a critical role in addressing the challenges related to global and local instability. We must get control of this. We must motivate our youth. We must teach responsibility and goal setting. I fear if we do not we will soon be supporting an entire generation of homeless and needlessly on welfare families. Things have to change, with our schools, with the older generation being good role models, with the older generation being mentors, and with the youth who are right now doing nothing. We believe that it is important to recognize young people’s own contribution to promoting respect and understanding and fostering dialogue among people of different backgrounds. With teenage unemployment soaring, young people can no longer influence the world with their wallets. As student protests began exploding across the globe this fall, we felt compelled to connect our work to these burgeoning movements. Similar generational conflict and disparate youth movements were born out of the Great Depression. These movements share a common goal: to re-imagine the future. It’s an exciting premise that is perhaps the hallmark of adolescence, and a vision typical of history’s most influential youth cultures. Many adults discredit youthful rebellion simply as an emotional rite of passage. However, it is our belief that this style of unrest can bring about real change.
Wednesday, August 21, 2019
The Easycar Company Report Essay Example for Free
The Easycar Company Report Essay The Easycar company like any other business venture with an aim of maximizing profit, is been faced with the normal business environment. Achievement of the profit goal of such business involves diagnosing problems and making forward movement in improving its performance. The company has taken off smartly with attraction of many customers and still at a competitive market in Europe: Although it monopolizes in the use of a single type of vehicle at the start in each of its location, it’s a smart move to its management though such service monopoly may far outweigh the different customer requirements. It has a high quality mode of booking which to the management serves as a first hand system though it may have different inconsistencies of been expensive despite its mission to offer a cheap transport service. Therefore, it should diversify such a method to include other methods like counter booking. Easycar is however, been faced with it bureaucratic mode of administration in its financial authorities about customers getting the service. It has many unstable car service charge requirements which are often changing depending on the nature type time and other illogical requirements. Although such attentions are taken to ensure the best business fit in this competitive environment; this compromises the effectiveness of quality service delivery. Rather than providing a cheap service, costs of such services are becoming too expensive. It’s important that the company streamlines the cost of services delivery to become cheap to the customers. Perhaps the other companies are doing better, because of their diversification in agency and intermediaries. To Easycar, however, doing the business directly on its own is seen as its best solution for growth and expansion. Like the other companies in this industry, Easy car should also aim at diversifying its customer’s targets and increasing the range of its vehicles. Perhaps it would even achieve its motive not by its one car service monopoly and strict destinations but by diversification in such areas. Though it has the intention of providing high quality car services and improve the growth of the company, but such maximum profit may not be recognized by the use of these too expensive mercedes cars which require high capital input. The system of car renting by its own depicts and wide range of inconsistencies, where its policies are changing without regard to any specific regulations. It thus forms a basis of inconveniences to the customers where customers have to keep mobility in the change of regulations about the renting and its charges. It’s important that the company maintains stability in renting management otherwise this would be a gate pass to customer inconvenience Problems facing the company Easycar is challenged by a number of problems. The company’s mission can only be attained subject to the address of these problems that highly inhibits its performance. Firstly, the company is renting only one type of car, which is at a high risk of service monopoly. Either, these cars are too expensive which implies that low customer requirement may not be met. The company is operated directly through direct internet or company phone service for its booking. However other companies in the industry are using intermediaries and broker agents. Perhaps this is a key contribution to these companies success. These agents and intermediaries can function to promote to reach many customers. It’s not optimally exploiting its resources where it’s not leasing all its parking spaces. Some spaces are found vacant when most of the cars have been rent during the day. Either it has not optimally exploited opening new sites where more locations can be opened by hiring smaller staff, driving fan to the location and adding these locations to company’s website. The company depicts a broad range of booking inconsistencies where time of service is determined at booking. The rental prices are charged at times of picking. The system also require many customer requirements are unrealistic (Printed copy of contract and a credit card) There is delay in picking up of vehicles where a customer can even spend 30 minutes waiting for processing of transactions and receiving their vehicles. This was due to the low staff level who cannot give service adequately. The contract of picking up a car involves too expensive cost of a refundable fee upon fulfilling the service requirements of the car contract. This would have perhaps, passively challenged some customers who for reasons could not manage to afford this refundable contract fee. Empty fueled vehicles are still a problem which would lead to further customer inconveniences in fueling the tanks. Also there were many requirements regarding the return back level of cars fuel. Since customers are to drive for them this would have highly inconvenienced customers who never knew some places despite provided with a map. Either non-driver was totally limited to this service since a customer was to drive the car for himself. The cleaning car policy before returning was a big drawback of inconvenience to customers. This was an inhibitor in the service rendering of this company. Otherwise the previous higher cost levy without regard to cleaning the car was far economical than the penalty levy to the customer when they returned the car dirty. The stringent strictness in the number of kilometers the car traveled at the renting period worked to demoralize some of the customers. Booking of the cars itself constituted a range of expenses, where using the phone system was charged â‚ ¬0. 95 a minute for a call and â‚ ¬5 for using credit card. Inconsistent levy for returning the car late was a problem. Mismanagement in the high cost of advertising had no economies of scale. It even chose to double its marketing effort to â‚ ¬3million in 2003 in featuring the founder of the company Justification of the problem facing company The company was established to provide the same type of car service in all its locations across its markets. It had signed a contract with the General Motor Show to purchase 5000 A-class Mercedes cars which cost the company over â‚ ¬6. million . Its mission was to use brand new Mercedes cars in the same way that easy jet uses brand new Boeing aircraft. By 2002, its fleets consisted of 6000mercedes A-class vehicles across 18 sites The company operated directly through its website and phone system and never transacted with any intermediaries or agents. Its entire sites were manned by its employees. However, the other car companies operated with agents and intermediaries which helped to have a broad catchments area for its customers. Example, companies like the sixt, Eurocars, Avis and Hertz targeted both vocational and business travelers and offered a wide range vehicles for rent. Despite the fact that Easycars where rented 90 percent of the time, only 15-20 spaces were required at an average, with a fleet of 150 cars. It could still open other locations by hiring less staff adding locations to its website and driving a van to its location. Booking prices usually changed with time and space. Customers who picked their cars early in the morning were paying more then those who picked the cars late in the day or at busy times. Processing the booking also required many requirements where customers were supposed to produce a copy of contract credit card. It also involved a long process of new customer’s identification. (Kirkegaad, 1997) Customers were highly delayed in picking up vehicles. This could go as long as 30 minutes and the company staff are described as been slow. To pick a car, a customer was made to put down a refundable contract fee of â‚ ¬80 before signing and moving away with the car. Customers were also expected to maintain the fuel tank at a level. Empty or less tanks were charged a fuelling fee of â‚ ¬16. The employee in charge would investigate and if finds the low-fuel indicator, the customer was supposed to pay this low fuel levy. The office of the Fair Trading (OFT) accused the Easycar Company as not been a transport company because its customers drove for themselves unlike other transport companies. However, the management of the company had filed a suit of appeal in the court that its service system was to ensure a low price to its customers. Such case was even to reduce the companies plan for the 2004 IPQ. At the beginning the policy required that customers were to pay â‚ ¬11 at booking for preparation of the car. However, the new policies required customers to maintain the car clean or pay the cleaning levy. The company provided customers with maps showing car washing points which could however inconvenience the customers very much. A customer was only supposed to drive 100 kilometers per day and any additional kilometer was charge a rate of â‚ ¬0. 12 per kilometer. Above this, customers were required to return the cars on time. Returning the car late imposed an instant charge of â‚ ¬120 and a subsequent â‚ ¬120 for every 24 hour period if the car was not returned. To book a car by itself was a problem which cost â‚ ¬0. 95 a minute for a call and â‚ ¬5 for using credit card. Customer was also charged a â‚ ¬16 charge fee if they wanted to change their booking. The company advertising system comprised of a mismanaged system where advertising was made in an abrupt manner and using very local methodologies. Offering the mercedes cars only, may be too costly for some customers who perhaps may not afford its cost. Either, expansions of its market may serve to attract a diverse number of customers with different service requirement. Rather than to dwell, on only some few stations it should seek to expand its markets like the other companies. This is aimed at reducing any monopolistic effects of dwelling on only few markets. (Write, Robbie, 1999) If possible, the company should seek to merge with other companies in order to diversify its resource mobilization. Through such merges, the company can have more bargaining power in the industry attracting a better income share from the market. Either, through merging, there is diversification in the company risks. This helps to ensure that, any possible losses do not fall on the shoulders of one company but rather shared between the parties. Trough merging, greater inventions and business market researches can help them to perform better than one company. By sharing of resources, brings about greater economies of scale which help to run the business at relatively lower costs. This is because market researches can be done for one business expenses such as advertisements, consultant and market research can be done for one business which constitutes many business. (Sunden, Stratton, 2006) The company can choose to improve its technology as a way of improving its business. Firstly, technology implies quicker service delivery, efficiency and more consistent. Either, improving technology has a lower cost to business performance at the long run trend of business cycles. This implies that, it will cost less for high technologies business after it has attained cost-benefit equilibrium. It should use better technology in its customer service provision where lower time is taken in processing the customer requirement before picking the car. Its mode of advertising still lags behind as a developed system which can influence more customers, where it uses posters at different stations. Such mode of advertisement needs improvement probably to use television or internet. Due to the company’s extensive business transactions, it should improve on its database system to enable faster processing, identification of customers and improving efficiency in monitoring its financial transactions. (Gutterman, 1994) Improvement in its human resource capital, where more qualified staff should be employed. The problems of slow service to customer by the company workers can only be improved by employing more qualified workers. This improves efficiency in the company’s operations. Above all, the company should also re-structure its mode of operations where a customer is let to drive for himself and employ its driver. This can lead to a better service provision. (Lipsy, Chrystal, 1997) The company costing system is faced with many bureaucracies where charging prices of services without rigidities to permanent regulations. Such costing methods need to be revised so that there is simplicity in pay requirement of a customer picking a car. Broadly, it should maintain simpler terms of service costs that should seek to even attract more customers. There is a diverse immobility in customer payment to their service delivery. Either, the company can monitor its expensive mode of its operations to achieve more profit. Basically, it spends a lot of money in purchasing its cars where there are still alternative of other cheaper cars. It solely dwells on one type of expensive car. Costing regulations should be emended to secure lesser company expenses and earn more profit. High costs of business operation are also revealed by its mode of advertising and booking which tend to be too costly for both the business and the customers. The business can therefore achieve its mission through amendments of its cost variable. (Bjerke, 1999) From one perspective the business is doing well, with good service provision. Therefore the business can still continue its operation in the same standard manner it is operating in. Since it seen improving, and opening even more branches, it implies that the business mission will still be achieved. It should seek to streamline its operations in line with its current system. However, the business should not be closed down. Since it depicts a continued and outstanding performance, closing such a business would be doing away with a prospective business entity. Since the former goals were to start a car industry, which is now expanding, it should be let to continue in its operations. (Warner, 2001) Either, the management should not seek the alternative of selling up the business. Perhaps, selling such a business which is acquiring such a good expansion would even earn the company lesser profit than if let to operate.
How Plagiarism Violates the NASW Code of Ethics
How Plagiarism Violates the NASW Code of Ethics The National Association of Social Workers (NASW) is an organization of professionals that â€Å"works to enhance the professional growth and development of its members, to create and maintain professional standards†(National Association of Social Workers [NASW], 2008, About). Within this association there is a Code of Ethics that was created to help guide the behavior of both professional and student social workers. The NASW Code of Ethics provides ethical standards, values, and principles that all social workers are responsible to adhere to. The Code is presented in four sections detailing appropriate behavior for social workers. With these guidelines in mind social work students are expected to complete both assignments and practice in the field with the upmost highest integrity. While there are many topics covered within the Code, one that is essential for students to consider is plagiarism. Plagiarism as defined by Columbia University School of Social Works Writing Center is â€Å"the use of another writers ideas or words as ones own without citing that person†(CUSSW Writing Center, 2010). Without providing proper documentation of where the writer obtained the information included in an assignment the reader will automatically assume that these are the writers original thoughts and ideas. The fact that a social work student does not credit an author used in a writing assignment goes directly against the guideline of acknowledging credit depicted in section 4.08 of the NASW Code of Ethics, which states, â€Å" a) Social workers should take responsibility and credit, including authorship credit, only work they have actually performed and to which they have contributed. (b) Social workers should honestly acknowledge the work of and the contributions made by others†(NASW,2008, preamble). All students in the School of Social Work are bound by the by the NASW Code of Ethics and by the policies of the Columbia University School of Social Work community. It is the students responsibility to be fully informed as to what constitutes plagiarism and to refrain from all activities that constitute plagiarism. Typically this information can be obtained by visiting the schools website. As a social work student it is necessary to practice personal and academic honesty because it shows ones character. By copying information and passing it as your own can be considered deceitful and misconstrued as portraying fraud or deception. The Code of Ethics also provides students a method to check ourselves as social workers as we go forth and set an example to clients. In addition, as read in Section 4, Social Workers Ethical Responsibilities as Professionals, of the NASW Code of Ethics â€Å"Social Workers should not participate in , condone, or be associated with dishonesty, fraud or deception†(NASW, 2008, Section 4). This reinforces the concept that as social workers we have a commitment to be true to ourselves and recognize the work of others by crediting them. After a close examination of the NASW Code of Ethics it is apparent that when one performs any act of plagiarism including cheating it is violating the code of many levels and aspects. Under the value of integrity stand the following ethical principles outlining â€Å"Social workers behave in a trustworthy manner†(NASW, 2008, Ethical Principles). The participation of plagiarism this value and ethical principle that are put upon social workers is disgraced. Additionally, under the value of competence, the ethical principle paired is, â€Å"Social workers practice within their areas of competence and develop and enhance their professional expertise†(NASW, 2008, Ethical Principles). All of these are broken when partaking in plagiarism, as we use others words we are not valuing that individuals worth of the person and more or less stealing their hard work and concepts. Not only do we lose trust of our colleagues but trust in ourselves and are overwhelmed with the feeling of being incompetent when one cannot honor another individuals work. The core values provided by the NASW Code of Ethics are important because our profession is based on these morals. Since â€Å"CUSSW students are expected to conduct themselves in all aspects of school activities in a manner consistent with the Code of Ethics of the National Association of Social Workers†participating in plagiarism directly violates these standards (CUSSW, Policies, 2010). As a matter of professional development social work students need to develop a respect for written communication and the process of presenting work. Academic communication is often a balance between the presentation of your original ideas, representation of information gained from other sources and the integration of both. It is ones liability to account for the usage of others work, so we stay in line with our social work ethics and values presented in the code. Furthermore, the Ethical Standards provided in the code include: social workers ethical responsibilities to colleagues, ethical responsibilities in practice settings, ethical responsibilities as professionals, social workers ethical responsibilities to the social work profession, and Social workers ethical responsibilities to the broader society. All of this is lost when not crediting someone else work. It is every social workers mission to follow and have their professional worth be embedded in the core values that the Code of Ethics is based upon and identifies. It is crucial for academic institutions to hold the responsibility of students of fostering and evaluating professional behavioral development for all students in the social work program is (Atlantic University Florida). The School of Social Work also bears a responsibility to the community at large to produce fully trained professional social workers who consciously exhibit the knowledge, values, and skills of the professi on of social work. The values of the profession are codified in the NASW Code of Ethics. When a student does not adhere to these ethical principles, a dilemma arises that question if a student fully comprehends the NASW Code of Ethics and what responsibility it carries. It is clear that quality students fully prepared for the profession will adhere to all the guidelines provided in the NASW Code of Ethics and demonstrate knowledge of the meaning. http://www.columbia.edu/cu/ssw/faculty/policies/index.html#ethics http://www.columbia.edu/cu/ssw/write/handouts/AvoidPlagiarism.html http://www.cosw.sc.edu/student/syllabi/sowk735.html http://www.naswdc.org/pubs/code/Default.asp http://www.fau.edu/ssw/expectations.html www.socwork.jmu.edu/demos/partone.ppt http://www.socialworkers.org/pubs/code/code.asp National Association of Social Workers. (2008). Preamble to the code of ethics. Retrieved May 4, 2008,from http://www.socialworkers.org/pubs/ Code/code.asp Social work values and ethics Reamer, Frederic, G. Columbia University Press New York Chichester, West Sussex Copyright  © 1999 Columbia University Press
Tuesday, August 20, 2019
Things Fall Apart By Chinua Ac :: essays research papers
Chinua Achebe wrote the novel, Things Fall Apart, which is a great piece of African literature that deals with the Ibo culture, society, and history. One place where the Ibo religion is practiced is in the village of Umuofia in Africa, where the story takes place. On the other hand, Christianity is a very common religion that is practiced all over the world. Although Christianity and Ibo are both types of religions, they have many differences. One way the religions are different is the Ibo practice polytheism and Christians practice monotheism. A second difference is the Ibo believe in animate Gods unlike Christians who believe in an inanimate God. Another contrast is the Ibo practice polygamy unlike the Christians who practice monogamy. A final contrast is the afterlives of the two religions. First of all, the Ibo practice polytheism and Christians practice monotheism. Polytheism is the belief in more than one God, and monotheism is the belief in one God. Christians believe in one supreme creator of the heavens and the earth, who is called God. In contrast, the Ibo have various gods who they worship. The conversation between Mr. Brown, a Christian missionary in the village of Umuofia, and Akunna, a member of Umuofia, explains the Ibo religion very well. Akunna said that the Ibo believe in one supreme God also, but they call him Chukwu because â€Å"he made all the world and the other gods.†Mr. Brown made the comment that the Ibo worship carved wood and Akunna replied by saying,†The tree from which it came was made by Chukwu, as indeed all the minor gods were.†Akunna also said that the Ibo â€Å"make sacrifices to the little gods, but when they fail and there is no one else to turn to they go to Chukwu.†(179-180). Another god, besides carved wood, that the Ibo worship is the Oracle of the Hills and the Caves. The Ibo believe they must do whatever the Oracle of the Hills and Caves says or they will be punished. An example of this is when the Oracle of the Hills and Caves pronounces that Ikemefuna, the boy living with Okonkwo, be killed. Since the Oracle of the Hills and Caves had said it must be done, the men of Umuofia took the boy outside the village and killed him. (57). Another god the Ibo worship is the snake, which is called the sacred python.
Monday, August 19, 2019
Mind Body & Soul :: essays research papers
     Everyone has their own opinions and beliefs and can interpret information as they see fit. Both Bertrand Rusell and Richard Swinburne have expressed their views on the topics of the mind soul and the after life. These are very complex areas of science and have their own ideas of what the mind and soul are and what there purposes are.      Russell discussed the finality of Death. He argues that there cannot be life after death and that after the destruction of our body’s that our memories and personality are destroyed as well. He discusses the importance of fear when dealing with death. He states that this is the strongest emotion and he also states that it is instinctive and biological and that it is useful. He thinks that if we truly believed in future life that we should have no fear of death. I have a few opinions about this subject. For one I think that fearing death can be to your advantage. For instance I know people who believe in the after life but they still fear death. Having this fear of death prevents them from doing any harm to themselves. Also not knowing what awaits them in the after life could cause this fear as well. This also has to do with religions there are some that believe strongly that there is life after death and that it is their destiny to be with God.      Furthermore Russell talks about memories and how after we die they no longer exist. I feel that he has not way of proving this. I do not agree or disagree with his theory. I think that there are so many ways to record our memories now that they could always exist. Our memories and sometimes even our personality can be carried by and kept alive through our families depending on how strong the ties are. Maybe not the person’s entire memories are kept but at least a fragment. For instance a lot of writers wrote about their real life experience so we get a glimpse of their life and through their writings the memories continue.      On the other hand Swinburne discuss the relationship between the brain and the soul. He feels that once the brain dies that soul does as well. He came up with an analogy witch does a good job of summing up how he feels â€Å"the soul is like a light bulb and the brain is like an electric light socket.
Sunday, August 18, 2019
Ethics: The Foundation of Good Business Essay -- Business Ethics
According to the Hutchinson Unabridged Encyclopedia business ethics is the moral principles defining how businesses and business professionals should act toward each other, employees, and the public. Some professions such as law and medicine clearly have defined codes of professional ethics. In other areas appropriate behavior has been established over time by practice. Business ethics involves the role of a company in our society. Complex and contentious areas of business ethics would include the effect a petrochemical company's actions have on the environment or the obligation of a pharmaceutical company to make its drugs available to developing countries. As lobbyists and pressure groups become more powerful, companies are being forced to pay greater attention to corporate responsibility and business ethics (Business, 2009). Human Resources Issues A company’s human resources is its most valuable and expensive investment that can make or break a company in relation to its success. One major ethical issue faced by the human resources department is discrimination. Unfortunately, discrimination is alive and well in our business environment today, which have a major affect on local communities and organizations. One aspect of discrimination I have either experienced or witnessed is the lack of respect and accomodation for female workers, especially in corporate America. In most cases, the female employees tend to have lesser salaries than men in the same position. Companies also do not cater to women with respect to childcare issues, and lactating mothers returning to the worforce after maternity leave. Another aspect of discrimination that is prelevant in today’s business environment is the treatment of older employees, co... ...ears, without any consideration of the damge the software issues with their cars and trucks may cause to their customers safety. The company was accused of hiding this fact because a re-call would cost millions. Conclusion There is necessity for companies today to practive excellent business ethics. Ethics is the foundation of on which good relationships are developed, it encompasses who businesses deals with their partners or associates, customers, and employees. Works Cited Business Ethics. (2009). In The Hutchinson Unabridged Encyclopedia with Atlas and Weather guide. Retrieved from http://www.credoreference.com/entry/heliconhe/business_ethics Trevino L.K. & Nelson K.A. (2006) Managing business ethics. Straight talk about how to do it right (4th ed) Hoboken, NJ John Wiley & Sons. Retrieved from https://ecampus.phoenix.edu/classroom/ic/classroom.aspx Ethics: The Foundation of Good Business Essay -- Business Ethics According to the Hutchinson Unabridged Encyclopedia business ethics is the moral principles defining how businesses and business professionals should act toward each other, employees, and the public. Some professions such as law and medicine clearly have defined codes of professional ethics. In other areas appropriate behavior has been established over time by practice. Business ethics involves the role of a company in our society. Complex and contentious areas of business ethics would include the effect a petrochemical company's actions have on the environment or the obligation of a pharmaceutical company to make its drugs available to developing countries. As lobbyists and pressure groups become more powerful, companies are being forced to pay greater attention to corporate responsibility and business ethics (Business, 2009). Human Resources Issues A company’s human resources is its most valuable and expensive investment that can make or break a company in relation to its success. One major ethical issue faced by the human resources department is discrimination. Unfortunately, discrimination is alive and well in our business environment today, which have a major affect on local communities and organizations. One aspect of discrimination I have either experienced or witnessed is the lack of respect and accomodation for female workers, especially in corporate America. In most cases, the female employees tend to have lesser salaries than men in the same position. Companies also do not cater to women with respect to childcare issues, and lactating mothers returning to the worforce after maternity leave. Another aspect of discrimination that is prelevant in today’s business environment is the treatment of older employees, co... ...ears, without any consideration of the damge the software issues with their cars and trucks may cause to their customers safety. The company was accused of hiding this fact because a re-call would cost millions. Conclusion There is necessity for companies today to practive excellent business ethics. Ethics is the foundation of on which good relationships are developed, it encompasses who businesses deals with their partners or associates, customers, and employees. Works Cited Business Ethics. (2009). In The Hutchinson Unabridged Encyclopedia with Atlas and Weather guide. Retrieved from http://www.credoreference.com/entry/heliconhe/business_ethics Trevino L.K. & Nelson K.A. (2006) Managing business ethics. Straight talk about how to do it right (4th ed) Hoboken, NJ John Wiley & Sons. Retrieved from https://ecampus.phoenix.edu/classroom/ic/classroom.aspx
Saturday, August 17, 2019
Health Nursing
Public Health is the science and art of protecting and improving the health of the communities through education, promotion of healthy life styles and research for disease and injury prevention. Public Health helps improve the health and well being of people in local communities around the world also works to prevent problems before they occur. Public health nursing is a specialized form of registered nursing that combines nursing and public health principles.According to the American Public Health Association, the primary focus of public health nursing is improving the health of the community as a whole rather than just that of an individual or family. Public health nursing is sometimes called a type of community health nursing. Some experts use the terms â€Å"public health nursing†and â€Å"community health nursing†interchangeably. Public Health Nursing provides health promotion, disease prevention, and intervention and support services to women, children, youth an d families living in the Capital Region.Services are provided to individuals, families, groups and communities in homes, schools, health units and community setting Community health nursing a field of nursing that is a blend of primary health care and nursing practice with public health nursing. The community health nurse conducts a continuing and comprehensive practice that is preventive, curative, and rehabilitative. The philosophy of care is based on the belief that care directed to the individual, the family, and the group contributes to the health care of the population as a whole.The community health nurse is not restricted to the care of a particular age or diagnostic group. Participation of all consumers of health care is encouraged in the development of community activities that contribute to the promotion of, education about, and maintenance of good health. These activities require comprehensive health programs that pay special attention to social and ecologic influences a nd specific populations at risk. Basic Principles of CHN 1. The community is the patient in CHN, the family is the unit of care and here are four levels of clientele: individual, family, population group (those who share common characteristics, developmental stages and common exposure to health problems – e. g. children, elderly), and the community. 2. In CHN, the client is considered as an ACTIVE partner NOT PASSIVE recipient of care 3. CHN practice is affected by developments in health technology, in particular, changes in society, in general 4. The goal of CHN is achieved through multi- sectoral efforts 5.CHN is a part of health care system and the larger human services system. Specific Responsibilities of a Nurse, spelled by the implementing rules and Regulations of RA 7164 (Philippine Nursing Act of 1991) includes: †¢ Supervision and care of women during pregnancy, labor and puerperium †¢ Performance of int ernal examination and delivery of babies †¢ Suturing lacerations in the absence of a physician †¢ Provision of first aid measures and emergency care †¢ Recommending herbal and symptomatic meds†¦etc.In the care of the families: †¢ Provision of primary health care services †¢ Developmental/Utilization of family nursing care plan in the provision of care In the care of the communities: †¢Community organizing mobilization, community development and people empowerment †¢Case finding and epidemiological investigation †¢Program planning, implementation and evaluation †¢Influencing executive and legislative individuals or bodies concerning health and development. Responsibilities of CHN be a part in developing an overall health plan, its implementation and evaluationfor communities †¢provide quality nursing services to the three levels of clientele †¢maintain coordination/linkages with oth er health team members, NGO/government agencies in the provision of public health services †¢ conduct researches relevant to CHN services to improve provision of health care †¢ provide opportunities for professional growth and continuing education for staff development; http://www. answers. com/topic/public-health-nursing#ixzz2Do73aZIE
Friday, August 16, 2019
Distinguish between problem-focused coping and emotion-focused coping Essay
Problem-focused coping: Problem-focused coping is attempting to alleviate stress directly either by changing the stressor or the way we interact with that stressor, Problem-focused coping, targets the causes of stress in practical ways which tackles the problem or stressful situation that is causing stress, consequently directly reducing the stress. Problem focused coping aim to remove or reduce the cause of the stressor. (McLeod, Stress Management – Problem Focused Coping with Stress. , 2010) For example, the way classmates deal with stressors like exams , you can see a range of different coping responses. Some classmates will pace around or worry about it, others will revise, or pester their teachers for clues. Problem-focused strategies include: Taking Control – this response involves changing the relationship between yourself and the source of stress. Examples: escaping from the stress or removing the stress. : Information seeking is the most rational action. This involves the trying to understand the situation (e.g. using the internet) and putting into place cognitive strategies to avoid it in future. Information seeking is a cognitive response to stress. : Evaluating the pros and cons of different options for dealing with the stressor. In general problem-focused coping is best, as it removes the stressor, and so deals with the root cause of the problem, providing a long term solution. However, it is not always best, or possible to use problem-focused strategies. For example, when someone dies, problem-focused strategies may not be very helpful for the bereaved. Dealing with the feeling of loss requires emotion-focused coping. Problem focused approached will not work in any situation where it is beyond the individual’s control to remove the source of stress. They work best when the person can control the source of stress (e.g. exams, work based stressors etc.). It is not a productive method for all individuals. For example, not all people are able to take control of a situation. People with low self-esteem typically use emotion focused coping strategies. Emotion-focused coping. Emotion-focused coping Involves trying to reduce the negative emotional responses associated with stress such as embarrassment, fear, anxiety, depression, excitement and frustration. This may be the only realistic option when the source of stress is outside the person’s control. Drug therapy can be seen as emotion focused coping as it focuses on the arousal caused by stress not the problem. Emotion-focused strategies include: Keeping yourself busy to take your mind off the issue : Letting off steam to other people : Praying for guidance and strength : Ignoring the problem in the hope that it will go away : Distracting yourself (e.g. TV, eating) : Building yourself up to expect the worse Emotion-focused strategies are often less effective than using problem-focused methods. For example, Epping-Jordan et al (Epping-Jordan, 1994) found that patients with cancer who used avoidance strategies, e.g. denying they were very ill, deteriorated more quickly then those who faced up to their problems. The same pattern exists in relation to dental health and financial problems. It does not provide a long term solution. However, they can be a good choice if the source of stress is outside the person’s control for example a terrorist attack. There are Gender differences: women tend to use more emotion-focused strategies then men (Billings, 1981) It also may have negative side effects as it delays the person dealing with the problem. (McLeod, Emotion Focused Coping., 2009) My basic outlook on life and how does it impacts on my ability to cope with stress According to the study by Meyer Friedman, Ray Rosenman, and their colleagues (friedman, 1984) I am a type B personality so less prone to heart problems, I have always been an easygoing person and an optimist. In my coping with stress I think I use the problem-focused coping most times, as I have always been a muscularly big person so with that confidence I was never afraid to grab the bull by the horns so to speak and directly try to work things out, also I have been into the healthy lifestyle and gyms since the age of fifteen. my social support is good and I do have a lot of close friends and keep in touch with them regularly, my family is with me most times (sons, daughter, sister and brother )so I think that my ability to cope with stress is excellent Some stress minimizing and management methods are exercise, relaxation, mediation, biofeedback and spirituality Exercise: exercise is your shortest route to a feeling of well-being and a physical glow. Everyone knows that exercise is good for you and that it is one of the best stress combatants available Not only does it keep the heart healthy and get oxygen into the system, but it helps deplete stress hormones and releases mood-enhanc ing chemicals which help us cope with stress better. Relaxation: Relaxation is more than a state of mind; it physically changes the way your body functions. When your body is relaxed breathing slows, blood pressure and oxygen consumption decrease, and some people report an increased sense of well-being. This is called the â€Å"relaxation response.†Being able to produce the relaxation response using relaxation techniques may counteract the effects of long-term stress, which may contribute to or worsen a range of health problems including depression, digestive disorders, headaches, high blood pressure, and insomnia Mediation: Meditation can give you a sense of calm, peace and balance that benefits both your emotional well-being and your overall health. And these benefits don’t end when your meditation session ends. Meditation can help carry you more calmly through your day and can even improve certain medical conditions. The emotional benefits of meditation include: Gaining a new perspective on stressful situations, Building skills to manage your stress, Increasing self-awareness, Focusing on the present, Reducing negative emotions Spirituality: Research shows that people who are more religious or spiritual use their spirituality to cope with life,†In her new book, The SuperStress Solution, Dr. Roberta Lee devotes a section to the topic of spirituality and prayer. Notes ,Dr. Lee. â€Å"They’re better able to cope with stress, they heal faster from illness, and they experience increased benefits to their health and well-being. On an intellectual level, spirituality connects you to the world, which in turn enables you to stop trying to control things all by yourself. When you feel part of a greater whole, it’s easy to understand that you aren’t responsible for everything that happens in life. Among the research she cites is one study of approximately 126,000 people that found that the people who frequently attended services increased their odds of living by 29 percent. Another study conducted by the National Institute for Health Care Research (NIHR) illustrated that the Canadian college students who were connected to their campus ministries visited doctors less often and were less stressed during difficult times than the other students. The students who had strong religious correlations also had higher positive feelings, lower levels of depression, and were better equipped at handling stress. (a) I employ exercise and relaxation for stress relief,and I use the problem-focused coping most times to directly address any stressful situation I encounter Bibliography Billings, A. G. (1981). The role of coping responses and social resources in attenuating the stress of life events. . Journal of Behavioral Medicine,, 13: 539-547. Epping-Jordan, J. A. (1994). Predictors of cancer progression in young adult men and women: Avoidance, intrusive thoughts, and psychological symptoms. Health Psychology. McLeod, S. A. (2009). Emotion Focused Coping. http://www.simplypsychology.org/emotion-focused-coping.html. McLeod, S. A. (2010). Stress Management – Problem Focused Coping with Stress. . http://www.simplypsychology.org/problem-focused-coping.html.
Thursday, August 15, 2019
Child abandoment Essay
Many babies are abandoned by parents who avoid their responsibilities. It could be have really serious problems, but it is irresponsible behavior. In addition, some parents abandon the babies outside. It is cruel behavior. We should not ignore this problem. There are three solutions: controlling illegal abandonment, allowing abortion legally, and educating people to use contraception. Controlling illegal abandonment is a good way to prevent babies from being abandoned. The police should catch and punish the parents who abandon their babies. Because it is the same as murder. So it has to be strictly controlled. However, it’s hard to find and catch the parents because they abandon babies secretly. Therefore, the government should set cameras that track everything everywhere, and warn people that if they abandon their babies, they will be punished intensely. Allowing abortion legally can prevent babies from being abandoned. There are some countries in which abortion is illegal. So the women who want abortion decide to do dangerous illegal abortion or abandon the babies. So the government should allow abortion. Nevertheless, some people will disagree if the government allows abortion. In this case, the government should persuade women to make their own decisions about their bodies. Education people to use contraception is the best way to prevent babies from being abandoned. Many people don’t know how important contraception is. So the government should educate people to do contraception to prevent unwanted babies. However, some people ignore or don’t believe this kind of education. Thus, the government should educate people since they are children. In conclusion, we can try some solutions to prevent babies from being abandoned even though it is not easy. The government should set cameras that track everything, and warn people to control illegal abandonment. And the government should allow abortion legally and persuade people who disagree of abortion. Also, the government should educate people since they are children to learn how important contraception is.
Damage Control Strategy for Alumina
Alumina Incorporated is a $4Billion aluminum-making industry operating in eight countries with the United States of America as its base which also accounts for 70% of its sales. It is situated in the fringes of Lake Dira in the State of Erehwon. Five years ago, Alumina Incorporated was reported to be in violation of environmental discharge norms in a routine EPA compliance evaluation inspection. The polycyclic aromatic hydrocarbon (PAH) concentration in test samples was above the prescribed limit of 5milligrams per liter of all hydrocarbons.A clean-up was ordered by the Environmental Protection Agency (EPA), to which Alumina complied promptly. The subsequent environmental audit reported the violation as â€Å"corrected†. Barring this one incident, Alumina Inc. has enjoyed a good overall environmental record. Now, it is being accused by Kelly Bates, a 38-year-old single mother, of contaminating the waters of Lake Dira with carcinogenic effluents and that the alleged contaminate d water is the proximate cause of the leukemia Kelly Bates’ 10-year-old daughter. This accusation was made through the Erehwon Reporter, a local daily.Alumina’s reaction to control the damage caused by this accusation was to release a news story highlighting the efficacy of their system declaring that they use the best available technology for pollutant cleanup in compliance with the Clean Water Act. This strategy was suggested by Arthur Todd, the legal counsel for the company. This damage control strategy, at first blush, may seem to be too defensive as it is a direct counter to the accusation of Kelly Bates and is calculated to balance public opinion about the company. Even the Erehwon Reporter called this a defensive move in a double editorial.Despite the fact that this may be a defensive move, this is the proper way to handle an accusation made through the pressâ€â€to counter it through the press also. The media can be your friend or foe during a disaster (Bake r, 2001). When charged for being defensive by the Erehwon Reporter, Alumina no longer used the press to counter the charge. Instead, it ignored the Erehwon Reporter editorial and went on to conduct an independent site study to check for new violations. This shows the company’s willingness to correct any mistake as soon as possible. And this also shows concern for the environment and for the populace.This is a value which is very appealing to people. And truly enough, the independent site study showed that the PAH levels are lower than the prescribed limit of 5milligrams per liter of all hydrocarbons. This gives the company, as well as a large portion of the residents of Erehwon, a lot of breathing space. This should also quell Kelly Bates’ accusation against the company for a while. However, after a short while, a study made by an American Scientific Society showed that the PAH levels in Lake Dira are high, in fact, 100times higher than pre-urban conditions.Although th e cause of this was found to be the heavy traffic in Erehwon, and not the aluminum-making industry, this finding still puts into question the independent site study made by Alumina on the PAH levels of Lake Dira because their results are not in harmony with each other. This development prompted Kelly Bates and the press to approach the EPA to get hold of a copy of the environmental audit report that documented Alumina’s violation of the Clean Water Act five years ago. They were claiming their rights as citizens to be informed of audits made by government agencies.Though they have such rights, the Freedom of Information Act (FOIA) allows the company to withhold confidential information. The environmental audit report is considered confidential information which the company may refuse to reveal. However, Alumina agreed to release portions of it which pertain directly only to the violations discovered five years ago. This erases any air of arrogance on the part of the company an d shows their willingness to cooperate and desire to avoid any sensationalized dispute. And this is a proper way to handle this kind of situations. Statements should reflect concern, a call to action, and a move toward resolution.Baker suggests: provide as much information as possible. If your company has an involvement in the situation, admit it. The public can be very forgiving unless they perceive you're hiding something (id). Also, allowing only a partial release of the audit report kept the company from jeopardizing its business by keeping release of confidential information to a minimum. However, despite all the cooperation extended by the company, Kelly Bates still threatened to file her lawsuit. The company, seeking to avoid protracted litigation, sought an alternative dispute resolution to settle the case.It sought a third party mediator to settle the dispute and it was a success. They saved money by eliminating litigation expenses. The company’s settlement offer was in no way an admission of guilt. It was more of a money-saving device. The cost of the mediated settlement is a fraction of what Alumina would have spent to defend against Kelly Bates’ claims in court. Alumina’s Values The primary value displayed by Alumina in cases of crises is its willingness to comply and cooperate and correct its errors, if any. It has a humble approach towards dispute resolution.This value is shown by its immediate compliance with the Clean Water Act when it was audited five years ago. When Kelly Bates made an accusation, it made an independent site study of the lake. And this value was also shown when it was willing to allow a partial release of the audit report. The company never tried to hire a public relations officer or an image consultant. It did not turn to public relations firms to clean up their reputation rather than change environmentally damaging practices, as is the trend these days, even though the latter strategy is more costly (Be der, 1997). This is a noble trait.
Wednesday, August 14, 2019
Cash payment made on quarterly or semiannual basic by company to its shareholders.
The dividend decision is important because it affects the amount of internally sourced finance available and also affects the return received by shareholders on the shares. Once the company decided to pay dividends, they may establish a somewhat permanent dividend policy, which may show the impact of the investors and the financial markets. Establishing a specific dividend policy is to the advantage of both the company and the shareholder. The distribution of dividends requires the approval of the board of directors and paid out to shareholders a few weeks later. There are several dates between the times the board declares the dividend until the dividend is actually paid. The first date of note is the declaration date which the board of director declares the time or date is announced. The next date of note is ex-dividend date which time investors must have bought the stock to receive the dividend. The investor, who buying the stock after ex-dividend date is not receiving any dividend , record date, is a few days after the ex-dividend date the company close its stock transfer books and make up a list of the shareholder, who will receive the dividend. The final step is payment date which the checks of dividend will send to the shareholders. There are different types of dividend, which are cash or as additional stock which increase the number of shares outstanding and generally reduce the price per share, regular dividend which is paid at regular intervals, or a special dividend which is paid in addition to regular dividend and liquidating dividend which are excess of the retained earning they show on their book. There exist four main types of dividend policy theories Modigliani and Miller (1961) dividend Irrelevancy theory, Linter and Gordon (bird-in-the-hand) Theory, Signalling properties of dividend and clientele effect. Is the company’s dividend policy irrelevant to its market value? One of the financial theorists (Miller and Modigliani, 1961) provides a proposition for dividend policy irrelevance. They assume that perfect capital markets, meaning no taxes or transaction costs exist, the market price has many buyer or seller, and there is costless and feely access to information. Modigliani and Miller state that dividend policy was not one of the determinants of share price .Share value is independent of the level of dividend paid. A firm pay dividend is irrelevant and those stockholders are indifferent about receiving dividend. For example, from the aspect of investor, that the company paid too big dividend, investor could buy more share with the dividend that is over the investor’s expectations. Similarly if the company paid too little dividend, an investor could sell some of the company’s share to reflect the cash flow their expected. Market value of company its cost of capital is independent of its capital structure. According to their argument dividend policy is unaffected and irrelevance of market share price .Should the company pay out to its shareholders or retain that money to make new project. Modigliani and Miller’s dividend-irrelevance theory says that investors can affect their return on a stock regardless of the stock’s dividend Residual Policy Modigliani and Miller argued that financial objective is maximise shareholder wealth when the share price is maximised. Shareholders are indifferent between dividends and capital gain. Company is used M M Residual dividend policy when a company undertake all positive NPV project and paid out the residual as dividend. Alternatively a company with not enough funds to invest new project, paid no dividend and the additional funds can obtain from outside sources. They were arguing that if company followed the best investment policy the value of company is irrelevance to its dividend policy. They also argue that shareholders are also indifferent to the timing of dividend payment because if there were no dividends the market value of company would increase to reflect as future dividend and share price is also increasing resulting from the returns of investment. A dividend policy is irrelevant because shareholders have the ability to create â€Å"homemade†dividends that mean that ca pital gain is not perfect suitable for dividend in cash flow terms. This income is achieved by individuals adjusting their personal portfolios to reflect their own preferences. For example some shareholders prefer to get steady of income are more likely to invest in bonds, which interest payment don’t change ,rather than dividend –paying stock, which value can fluctuate. Bird-in-the-hand On the other hands, Lintner (1962) and Gordon (1963) believe that company dividend policies are relevant to their share price. Under conditions of uncertainty and imperfect capital market ,he argued â€Å"bird-in-the-hand†theory that investor can reduce the financial risk associated with their investment if the return is received in the form of dividend earlier, rather than capital gain or higher dividends later. On this analysis, current dividend represent less risky than future capital gain. Therefore, company paying higher dividend will be more worth than company paying lower dividend. Dividend policy is one of the importance factors of determining share price. Gorden argued that the payment of current dividends â€Å"determine investor uncertainty†. The key assumption, as argued by Lintner and Gordon, is that because of the less risky nature dividends, shareholders and investors will discount the firm’s dividend stream at a lower rate of return, â€Å"râ₠¬ , thus increasing the value of the firm’s shares. According to dividend growth model, the value of an ordinary share, Po is given by: Po=D1/(r-g) Where the constant dividend growth rate is denoted by g, r is the investor’s required rate of return and D1, represent the next dividend payments. Thus the lower r is in relation to the value of dividend payment D1, the greater the share’s value. In the investor’s view, according to Linter and Gordon, r the return from the dividend, is less risky than the future growth rate g. http://www.oppapers.com/eassys/Bird-In-Hand/536314 Signalling effect of dividend This theory argued that financial information is asymmetric and managers will always know more than shareholders about the future financial prospects of the company. The dividend declared can be interpreted as a signal from directors to shareholders about the strength of underlying project cash flows. Increasing dividend is usually seen as good news, indicating that the company has positive prospects. The theory of dividend signalling has usually refers to a cash distribution of retain earnings. http://www.jstor.org/pss/2328393 Reference Watson, D. and Head, A. (2010) Corporate finance Principles Practice.5th edition. Essex: Pearson Education Limited. Cash payment made on quarterly or semiannual basic by company to its shareholders. The dividend decision is important because it affects the amount of internally sourced finance available and also affects the return received by shareholders on the shares. Once the company decided to pay dividends, they may establish a somewhat permanent dividend policy, which may show the impact of the investors and the financial markets. Establishing a specific dividend policy is to the advantage of both the company and the shareholder. The distribution of dividends requires the approval of the board of directors and paid out to shareholders a few weeks later. There are several dates between the times the board declares the dividend until the dividend is actually paid. The first date of note is the declaration date which the board of director declares the time or date is announced. The next date of note is ex-dividend date which time investors must have bought the stock to receive the dividend. The investor, who buying the stock after ex-dividend date is not receiving any dividend , record date, is a few days after the ex-dividend date the company close its stock transfer books and make up a list of the shareholder, who will receive the dividend. The final step is payment date which the checks of dividend will send to the shareholders. There are different types of dividend, which are cash or as additional stock which increase the number of shares outstanding and generally reduce the price per share, regular dividend which is paid at regular intervals, or a special dividend which is paid in addition to regular dividend and liquidating dividend which are excess of the retained earning they show on their book. There exist four main types of dividend policy theories Modigliani and Miller (1961) dividend Irrelevancy theory, Linter and Gordon (bird-in-the-hand) Theory, Signalling properties of dividend and clientele effect. Is the company’s dividend policy irrelevant to its market value? One of the financial theorists (Miller and Modigliani, 1961) provides a proposition for dividend policy irrelevance. They assume that perfect capital markets, meaning no taxes or transaction costs exist, the market price has many buyer or seller, and there is costless and feely access to information. Modigliani and Miller state that dividend policy was not one of the determinants of share price .Share value is independent of the level of dividend paid. A firm pay dividend is irrelevant and those stockholders are indifferent about receiving dividend. For example, from the aspect of investor, that the company paid too big dividend, investor could buy more share with the dividend that is over the investor’s expectations. Similarly if the company paid too little dividend, an investor could sell some of the company’s share to reflect the cash flow their expected. Market value of company its cost of capital is independent of its capital structure. According to their argument dividend policy is unaffected and irrelevance of market share price .Should the company pay out to its shareholders or retain that money to make new project. Modigliani and Miller’s dividend-irrelevance theory says that investors can affect their return on a stock regardless of the stock’s dividend Residual Policy Modigliani and Miller argued that financial objective is maximise shareholder wealth when the share price is maximised. Shareholders are indifferent between dividends and capital gain. Company is used M M Residual dividend policy when a company undertake all positive NPV project and paid out the residual as dividend. Alternatively a company with not enough funds to invest new project, paid no dividend and the additional funds can obtain from outside sources. They were arguing that if company followed the best investment policy the value of company is irrelevance to its dividend policy. They also argue that shareholders are also indifferent to the timing of dividend payment because if there were no dividends the market value of company would increase to reflect as future dividend and share price is also increasing resulting from the returns of investment. A dividend policy is irrelevant because shareholders have the ability to create â€Å"homemade†dividends that mean that ca pital gain is not perfect suitable for dividend in cash flow terms. This income is achieved by individuals adjusting their personal portfolios to reflect their own preferences. For example some shareholders prefer to get steady of income are more likely to invest in bonds, which interest payment don’t change ,rather than dividend –paying stock, which value can fluctuate. Bird-in-the-hand On the other hands, Lintner (1962) and Gordon (1963) believe that company dividend policies are relevant to their share price. Under conditions of uncertainty and imperfect capital market ,he argued â€Å"bird-in-the-hand†theory that investor can reduce the financial risk associated with their investment if the return is received in the form of dividend earlier, rather than capital gain or higher dividends later. On this analysis, current dividend represent less risky than future capital gain. Therefore, company paying higher dividend will be more worth than company paying lower dividend. Dividend policy is one of the importance factors of determining share price. Gorden argued that the payment of current dividends â€Å"determine investor uncertainty†. The key assumption, as argued by Lintner and Gordon, is that because of the less risky nature dividends, shareholders and investors will discount the firm’s dividend stream at a lower rate of return, â€Å"râ₠¬ , thus increasing the value of the firm’s shares. According to dividend growth model, the value of an ordinary share, Po is given by: Po=D1/(r-g) Where the constant dividend growth rate is denoted by g, r is the investor’s required rate of return and D1, represent the next dividend payments. Thus the lower r is in relation to the value of dividend payment D1, the greater the share’s value. In the investor’s view, according to Linter and Gordon, r the return from the dividend, is less risky than the future growth rate g. http://www.oppapers.com/eassys/Bird-In-Hand/536314 Signalling effect of dividend This theory argued that financial information is asymmetric and managers will always know more than shareholders about the future financial prospects of the company. The dividend declared can be interpreted as a signal from directors to shareholders about the strength of underlying project cash flows. Increasing dividend is usually seen as good news, indicating that the company has positive prospects. The theory of dividend signalling has usually refers to a cash distribution of retain earnings. http://www.jstor.org/pss/2328393 Reference Watson, D. and Head, A. (2010) Corporate finance Principles Practice.5th edition. Essex: Pearson Education Limited.
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