Middle Ages Literature Essay

The Middle Ages had many interesting characteristics concerning the literature of that time period. The important literary works â€Å"incorporated elements and values drawn from different and conflicting traditions (Patterson 1143). For every opinion, there was another opinion to counter it. Many of the pieces of literature at this time had contradictory ideas in them or had competing interests (Patterson 1144). The literature of this time shows us that â€Å"many people took the central doctrine of Christianity so much for granted that their daily lives seem largely untroubled by the moral and spiritual demands of religion† (Patterson 1144). Another characteristic of the literature was that it alerts us to the â€Å"complexities and dilemmas that any faith poses† (Patterson 1144). The Middle Ages is also called the â€Å"age of chivalry† (Patterson 1144). The literature mainly â€Å"expresses the values of the most powerful members of society, the aristocracy† (Patterson 1144). The aristocracy achieved their power through â€Å"military might† (Patterson 1144). There was also an â€Å"explicit code of chivalry† (Patterson 1145). The values were â€Å"never entirely consistent with each other† (Patterson 1145). Characters of literature had to choose whether to be a lover or a warrior (Patterson 1145). The main concerns of the literature were â€Å"the demands of religious faith and appropriate use of physical force, and the individual human being working out his or her individual destiny† (Patterson 1145). The literature during this time contributed to a list of vivid characters to the world of literature (Patterson 1145). Writers created unforgettable, complex literary characters to deal with the themes (Patterson 1145). The Middle Ages contrasted to the Renaissance because the Renaissance’s characters had â€Å"greater autonomy and fully realized personalities† (James 1883). The Renaissance’s literature did not judge â€Å"human action by right and wrong but by beauty, memorability, and effectiveness† (James 1886). During the Renaissance, the presence of God was much less dominating (James 1887). Medieval men and women were more concerned with the afterlife, while in the Renaissance they had a preoccupation with this life (James 1886). The Canterbury Tales fits into the Middle Ages well with some characteristics and not quite as well concerning others. For example, the Pardoner in The Canterbury Tales preaches the word of God on a daily basis, yet he is morally corrupt in his everyday life (Chaucer 1759). He preaches of greed, yet is greedy himself (Chaucer 1759). The Pardoner steals from the church, as well as innocent people (Chaucer 1758). Chaucer showed us that people took the doctrine of the church for granted. Other characters in The Canterbury Tales spoke of God and were Christians, yet didn’t bother with feeling morally obligated to act right. The dilemmas of being a Christian in real-life are seen. Some of the characters are Christian but it is more complex and takes an effort to be a Christian. The Canterbury Tales didn’t seem to have contradictory themes necessarily. Chaucer makes his views of various social ranks known through a use of satire. The characters themselves are contradictory, as we see with the Pardoner once again (Chaucer 1758). Since Chaucer has every type of social rank represented, we see his view of these ranks, which does contradict some of the jobs or moral obligations of various people. The characters in the story itself did compete for various interests. They all held different values or beliefs about the world. Chaucer lived during this time period, so it is in a way a more realistic view rather than contradictory. The explicit code of chivalry isn’t necessarily a large component of The Canterbury Tales except for perhaps the Knight and his tale. Chaucer shows that some people were focused on the chivalry act during this time. The Canterbury Tales doesn’t focus on pleasing the aristocracy either. Chaucer wrote from the perspective of every social rank so his book was meant for the poor and rich. Its subject matter was meant to be appealing to all Medieval people. The final characteristic that The Canterbury Tales does follow is the well developed characters. Chaucer had a whole list of realistic, complex characters. These characters could rival the Renaissance’s characters to me. I enjoyed reading about the characters and reading even more of The Canterbury Tales online. The Canterbury Tales fits well with the characteristics of the Middle Ages for the most part. The individual characters do have an individual goal in mind. Chaucer seemed as if he cared about his characters and wanted readers to his get to know them on an individual level, which seems more ahead of his time.

The Mega Manufacturing

Mega Manufacturing is a manufacturer of sports shoes for men and women. They are investigating each department in order to cut back on spending in order to eliminate wastes of resources. One potential waste is coming from the cutting department. The waste of material is costing the company monitory resources that could further benefit the company if allocated elsewhere. Several solutions have been discovered with the cutting process but if the problem were to be solve d there is both a salary saving and the elimination of waste, in this particular department. However the solution lies with the employees of this department and the solution will cost some of them their jobs. The variables effecting the disclosure of this information vary from one's need for monitory income, to the esteem of the position. Management is facing several possible decisions that include employee employment assurance to cost savings and company bottom line figures. Their decisions are founded on management decisions, employee motivations and resistance to innovations and the notion of getting these resistant employees to adopt the innovations. First, the management decisions regarding the cutting process and the problems that are associated with them. The notion that the skilled workers of the cutting department are aware of a solution to the problem with the breaking dies indicates that there is a solution to the problem. On the standpoint of the company, investigation into the proper use and successful completion of the cut using the die needs to be resolved. The die eliminates wastage and will speed up productivity of the cutting process. It will also make the individual machine operator more efficient which will conclude with the elimination of several positions may allocated more resources previously spent on employee salaries. This cost savings will free up allocations previously spent on overhead and allocated to other departments that may increase spending in order to increase sales, or add more to the stockholders bottom line. As a machine operator aware of this notion that relinquishing this information could cost him/her their job, there needs to be some cause for hesitation. The workers are paid on an hourly base so the increase of efficiency will also allow management the ability to cut hours, which will also hurt the workers. If faced with this dilemma I would have to first find out if the solution the breaking dies were legit. Because of the two-month time delay in the manufacturing of the dies I also have to worry about the productivity of the department on the half of the workers if future layoffs were in sight. I would also have to know if the cost savings would be passed on the consumer and how these variables will effect sales. If demand for the product were to increase there may be no need for lay offs. However if there was a need to make cuts in the workforce there would be need to evaluate each individual on the grounds of seniority and skill level to insure proper staffing of the department and explore options of moving personal to other departments. So my conclusion to the dilemma facing this question has to many variables but I have explored decisions with regards to time and company proposals of use of the freed resources. There are two motivating factors that our cutters face in the dilemma with regards to the die cutting information they include the following: Maslows Hierarchy of Needs, and Herzberg's Two- factor Theory. First, Maslow's Hierarchy of needs. The worker is at a job that provides substance for himself and possibly a family. The information and innovation that the die implantation brings may disrupt his/her ability to provide so without so assurance of the continued employment and income potential; the worker will not relinquish the information needed for successful inauguration of the die cutting process. However, if that assurance were provide their would be increased productivity in the department and successful integration of the project will fill Maslows notion that people thrive for accomplishment, and the efficiency of the department will bring this idea to reality. There may also be negative connotations that may be brought about As well. If there were that worker who was fearful for their job might relinquish this vital information to management for assured employment, this also demonstrates Maslows basic survival needs theory. Second is Herzbergs two-factor theory, called dissatisfies or hygiene factors. They include such notions of working condition, benefits recognition and possible promotional opportunities. The employee is unwilling to do anything that may jeopardize their livelihood. Implication of this process will result in lay offs that may damage this security. This will also pose a threat to the workers acceptance among peers. If layoffs are inevitable there may develop groups within the department of loyal skilled labors who pose a greater chance of employment after the downsizing. This is a possible threat even if the project is just in consideration, which may impose productivity problems while implication is in the process, and future problems if the project is discarded due to the already imposed loyalty among the divided department. There is also the factor if employees resistance to change with the implication of the new cutting process. There are several factors of habit, security, economic factors, fear of the unknown and lastly selective information processing that influence these factors of resistance. Employees develop habits in the work place that become routine and habitual and allow the worker to become part of the department and allow the worker develop routines that increase productivity. Security issues factor in the employee's unwillingness to change, in fear of loosing their jobs. Economic factors develop when the worker fears that change will lower their income, tying into the security concerns. Fear of the unknown indicates that humans are unwilling to change when the ends of the means is unknown. Selective information processing is the individual perception of the relevance of the change. If the individual feels that the change is unnecessary they are reluctant to change.

Research Paper on the Language Used to Talk About Sex.

Mitigating the Discomforts of Sexuality How do women talk about sex? This is the question that drives the heart of this research. In the proposed ethnographic research, I will investigate the linguistic tools that women use to mitigate the discomfort in talking about sex. The selected field of study is a passion party, in which a group of friends and family members gather at a private residence with the explicit purpose to learn and talk about sex. A passion party consultant is invited to demonstrate sexual products, sell the products to the guests, and stimulate talk.Nevertheless, with the foremost purpose to educate women about sex. Passion parties are often part of a bacholorette party. Therefore, the data that I will later analyzed is derived from a friend’s bacholorette passion party and video recordings posted online. Subsequently, the data will be analyzed with a focus on the linguistic semiotic process that index sexuality and the linguistic construction of humor that serve to alleviate embarrassment of talking about sex among women and overcome linguistic ideologies of female sexuality.First, lets explore the linguistic inequalities that exist in gender which provide the building blocks of the construction of the linguistic ideology that places female sex talk as a taboo subject. â€Å"At the heart of language and social inequality is the idea that some expressions of language are valued more than others in a way that is associated with some people being more valued than others and some ideas expressed by people through language being more valued than others (Philips, 474). † Susan U.Philips argues that social and language inequality is the outcome of the ideologies that value features of language and society over others, in which the people with the dominant feature or trait is valued more than others and thus the ideas of the less valued individuals are suppressed through the suppression of their forms of speech. Furthermore, Philips st ates women are often placed in linguistic ideologies like the idea that women‘s language is perceived powerless compare to the male counterpart which indexes them as the marked gender .I will expand her argument by stating that American Culture has a linguistic ideology that places female sex talk as a taboo subject and suppresses forms of speech in which women communicate about sex. As described by Phillips, women frequently speak freely in the privacy of their own home, but sometimes there is denial of complete access of the public sphere through a silencing process. For instance, as illustrated by Philips in the Tonga culture women are not allowed to participate in political and authoritative decisions and therefore their opinions are silenced. I will further expand Philips argument by applying it to American culture.In which, the ideology of no sex talk limit women to the private spheres to talk about sex and in the public sphere women are not supposed to talk about sex, e xplicitly sexual experience and experimentation. Second, I will investigate further how the linguistic ideology of no-sex talk develops in young adults specifically young women and subsequently into adulthood. According to West, sex education is salient in the development of the youth, but the subjects most ignored because of their taboo content are masturbation, pleasure, wet dreams, and other explicit sexual experiences.She argues that sex education in school is limited to reproduction and abstinence that warns students in particularly females about the risk of having sex and often in the public environment men are encourage to have sex while young women are warned of the consequences. Furthermore, West states that legal rights that give the right to parents to withdraw their children from sex education illustrates how sex education in youth is not universally accepted.West’s argument functions as the backbone to my argument that of the construction of the language ideology in American culture in which women are not supposed to talk about sex, because women are proscribed from having and talking about sex. Finally, humor is used to mitigate the discomfort when women talk about sex. According to Norrick, humor can be used to overcome taboo subjects. Furthermore, he illustrates that irony flaunts Grice’s maxims and â€Å"irony can elicit laughter, disrupt conversations and lead to further joking (Norrick, 233). I argue that women can use techniques that flaunt Grice’s maxims like irony that save face and then triggers humorous language that can be framed with linguistic semiotic features such as intonation and embodied communication. Additionally, I will argue that women utilized this linguistic tool when confronted with sex talk as a form of coping mechanism. In the following data I will illustrate my argument that states that in American Culture the linguistic ideology that places female sex talk as a taboo subject suppresses forms of s peech in which women communicate about sex.For instance, women form private spheres like a passion parties to explicitly explore sexuality and in these spheres women use specific language that mitigate the discomfort of sex talk. For instance, the following data illustrates the usage of indexicality to alleviate discomfort. (1) While bride maid’s mother eats a chocolate covered banana 1 G: Hey(. )Your mother likes to SWALLOW? ((pointing towards the BM)) 2 FB : Mother ((puts her hands over her eyes)) 3 BM: What (. I love^ chocolate covered b-a-nanas ((then takes a big bite out of the banana everyone laughs)) [G: guess, FB: future bride, BM: bride’s mother] During this conversation, the reference to chocolate covered bananas indexes sexuality based on its pragmatic context rather then referring to an actual chocolate covered banana. Although the banana is part of the discourse during the conversation, the banana is used as the mediator to facilitate communication of a se xual reference. Furthermore, the semantic meaning on the utterance is dependent upon the pragmatics of the context.The following examples further exemplifies indexicality as a form of mitigating sex talk. (2) Party consultant rubbing lotion upon the forearm of a guess 4 PC: Its Good to eat (. ) Rub on it and lick it? 5 G : Hmm then its good with eggs and SAUSAGE [G: guess, PC: party consultant] As the party consultant rubs an eatable lotion upon the forearm of the guess, in line 5 the guess responds with a reference to eggs and sausage. Like I mention previously, the semantic meaning of the utterance is dependent on the context.Therefore, the eggs and sausage are do not index actual food, but it indexes a sexual reference. Like Ochs illustrates in â€Å"Indexing Gender†, Indexes have constitutive property in which there is an indirect index and an direct index to social reference that comes from linguistic features. For instance, the direct index of eggs and sausage in line 5 is the actual food and the indirect index would be the sexual reference. This is a very ingenious way in which women play with linguistic tools to facilitate the discourse of sex talk.In addition, it can be seen as a linguistic limitation in which women feel the need to facilitate conversation using indexes rather than directly conveying sexual references. The linguistic construction of humor is a linguistic tool women use to alleviate embarrassment of talking about sex among women and overcome linguistic ideologies of female sexuality. Furthermore, humor is a methodology in which women’s sexual expression is bound by linguistic ideology in the United States that prevents women to sexually express themselves freely.The following data would look at the framework of humor and the way in which is linguistically constructed by flaunting Grice’s maxims. The following data was extracted from an online video taped data. (3) Party consultant rubbing lotion upon the forearm of the guess 6 PC: Its very [moisturizing 7 GM: I got one] in every room? ((sarcasm)) 8 PC: Ohh (. ) Dats So GOOD? ((explosion of laughter)) 9 GM: (2) soo I think it would of helped a lot 10 GM: ? maybe not in my marriage but with a boyfriend or somthn? 11 GD: Grand MAMA? ((explosion of laughter)) 12 GM: I know? ((smiling but slightly irritated)) PC: party consultant, GM: grand mother, GD: grand daughter] The above data reflects my argument that women can use techniques that flaunt Grice’s maxims to save face and then triggers humorous language that can be framed with linguistic semiotic features such as intonation and embodied communication. In line 7, the grand mother cuts off to the party consultant with a sarcastic response. â€Å"I got one in every room†. This exemplifies how Grice’s Maxim of Manner is flaunted by the grandmother because she is purposely disobeying and creating obscurity of expression with sarcasm.This violation of the maxim triggers a humor which in turn triggers further humor. The humorous utterances are framed with intonation that accents humor lines like Grand MAMA and high pitch on the end of senses. Embodied communication accents humor in which silly facial expression and gestures that index sexual references. For instance, In line 11 the grand daughter hears her grandmother speak so explicitly about sex that triggers her to respond with wide eyes that express shock which contradict her smiling face.Although the grand daughter is shock by her grandmother’s comment, she accepts it because it was put in a humorous context. Therefore, humor is a linguistic tool that women specifically can used to linguistically express sexually by mitigating the discomfort that comes with sex talk. How do women talk about sex? This is the proposed question that drives the heart of this research. Attempting to answer the question, I have argued that American Culture has a linguistic ideology that places female sex talk as a tab oo subject and suppresses forms of speech in which women communicate about sex and limit women to talk about sex privately.Women find private outlets like passion parties, but the form in which they communicate is limited with method that mitigate discomfort. For instance, indexicallity is used to indirectly index sexual references that facilitates communication. Furthermore, flaunting Grice’s maxims as a linguistic tool to mitigate sex talk, a trigger of humorous responses that open the channels of communication through humor. Works Cited Duranti, Alessandro. â€Å"Language and Social Inequality by Susan U. Philips. A companion to linguistic anthropology . Malden, MA: Blackwell Pub. , 2004. 474-495. Print. Norrick, Neal R.. â€Å"Humor in Interaction. † Language and Linguistics Compass 4. 4 (2010): 232-244. Print. West, Jackie. â€Å"(Not) talking about sex: youth, identity and sexuality. † The Sociological Review 47. 3 (1999): 525-547. Print. Ochs, Elinor. â €Å"Indexing Gender. † . † Rethinking Context: language as an interactive phenomenon, ed. by A. Duranti & C. Goodwin. Cambridge: Cambridge University Press, (1992)pp. 335-358. Print

The University of Pennsylvania Essay Example | Topics and Well Written Essays - 1000 words

The University of Pennsylvania - Essay Example I also respect the University of Pennsylvania’s philosophy in education which is concerned with the preparation of dental students in many roles of dental practitioners such as; â€Å"scientist, clinician, artist, teacher, engineer, and business manager.† I believe this philosophy will allow me to receive an all encompassing education in dentistry which will provide me with the background needed to succeed in dentistry and achieve my goals as a health professional. The wide network of the institution reflects its commitment to reach and provide a quality health care to the surrounding community at large as well as provide an opportunity to the students to be compassionate with the patients, develop leadership skills and professionalism while at the same time building up creativity and love in a just way. It serves as a center for training students to become outstanding dentists who can influence the community with goodwill, passion and commitment.The institution also em braces and encourages an environment of discovery and promotes a global view of dentistry which is increasingly important for dental practitioners. Since the 21st century, there have been various technical developments in every field and the dentistry field has also benefitted from this advancement in technology. The students at this institution are given the opportunity of doing research and the results of various researches have helped America to be a force to reckon with in giving good oral health to its citizens.

In the event of peace, and a Palestinian state being formed, Palestine Essay

In the event of peace, and a Palestinian state being formed, Palestine would suffer massive economic repercussions due to lack of competitiveness and underdevel - Essay Example The current economic scenario in Palestine is not very encouraging. In the second quarter of 2007, the GDP of Palestine grew by 6.5%. The largest increases in gross value added were registered the following sectors: education (+32.1%), hotels (+24.9%), health ( +15.2%), construction (+13.9%) and agriculture (+12.8%). There was a decline however in sectors like mining, water and electricity and manufacturing. However in Gaza, due to political problems, 95% of the factories in Gaza had closed down leading to 32000 job losses. Many of these factories were approaching a point of 'no return' where owners were likely to sell their assets and shut down completely. (The Portland trust, Nov, 2007) In the previous years, between 2005 and 2006, the GDP in Palestine fell by 8.8%. In the first quarter of 2007, the GDP fell by 4.2%. This was 13.2% lower than the GDP for the first quarter of 2006.(The Portland Trust, July 2007) Besides the negative growth of the economy, it is the composition of the GDP that remains a cause for concern. The GDP is driven by Government and private consumption from aid rather than investment or production. Public sector employment for instance has increased by 60% between 1999 and 2006. Much of the foreign aid which could e used in infrastructure building is spent on salaries of government employees. (World Bank, 2007) Fig:2 Source: (World Bank Document, 2007) Even among Palestinians, the condition of those living in Gaza is particularly bad. Despite receiving aid, the number of people in Gaza living below the poverty line has increased from 21.6% in 1998 to nearly 35% in 2006. Without aid, the figure is likely to be around 67%. (World Bank, 2007) Fig:3 Source: (World Bank Document, 2007) Given the current economic scenario, it is likely that an independent Palestine face the immense challenge of managing the repercussions of years of negative economic growth and political instability. In the context of Palestine, the concept of 'peace' is crucial to the economy. According to a World Bank report, in 1968, an average Israeli was approximately 10 times richer than the average Palestinian. Today the situation is far worse. The GDP of Israel is almost 20 times that of Palestine and over 2/3rds of Palestinians live below the poverty line. (2007). This disparity in income level and lifestyle is a cause for concern. As Moshe Alamaro, a research scientist at the University of Massachusetts points out there can be no lasting peace if a destitute third world nation stress across the border to find a prosperous modern democracy. Alamaro compares the relationship between Japan and North Korea to that between in Israel and Palestine and says that Japan helped fuel economic growth in South Korea and thereby avoid any friction between the two states. Similarly, he believes that the west along with Israel needs to fuel economic growth in Palestine and thereby establish a mutually beneficial socio-economic relationship.(Alamaro, 2002) From the Palestinian perspective however, it is important to break free from the dependence on Israel. The Palestine National authority has charted a framework for Economic development. The framework suggests that dependence on Israel can be reduced by diversifying the export markets and

Team Performance Measurement in the Health Care Services Essay

Team Performance Measurement in the Health Care Services - Essay Example These periodic performance assessments are deemed important in every line of work, even more so in jobs that deal with life and death situations, as methods of bringing care to the sick and injured can be improved by taking the outcomes of previous performance assessments into consideration (Sundar, Sundar, Pawlowski, Blum, Feinstein, & Pratt, 2007). By creating clear and realistic goals based on the attainability of meeting or exceeding previous goals, patients and members of the community can get an assurance that the services being given by health care personnel in health facilities can either remain as satisfactory as before or become even better. Thus, it is important that there is a proper monitoring of the performance of teams and their members to maintain quality services to all stakeholders. However, while monitoring of performance measures and keeping track of goals sounds fairly simple, doing the actual thing can be daunting and even labor-intensive. It can be expected that some problems and challenges could arise during the evaluation itself, such as questioning the reliability of performance measures as well as the accuracy of goals which depend on quantitative characteristics and could bring challenges in the appropriate assessment of a team’s performance (Zeiss, 2002). Self-monitoring for each member normally does not pose a problem, even among team members that have other ancillary functions apart from their specific job functions, but when it comes to feedback from other members of the team, interpersonal problems between the evaluated party and the evaluating party could affect the outcomes of total scoring such as supervisory and peer evaluations, which could lead to resentments with each other if not addressed promptly (Reader, Flin, Mearns, & Cuthberts on, 2009; Shi, 2010).

Report of business analysis Essay Example | Topics and Well Written Essays - 5000 words

Report of business analysis - Essay Example According to Kanter (1995) such an action will not constitute an adequate response. This is so because success is based on an organization’s ability to create, rather than predict the future by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 1995:71). Within the context of today’s global competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 2007:2). These researchers went further to argue that, this strategy has become quite common in many businesses including the retail chain stores. The conventional vertical integrated company based business model is gradually being replaced by collaborative relationship between many fragmented, but complementary and specialized value stars and constellation (Wu & Chien: 1). In today’s global business environment it is no longer sufficient simply to meet customers demand as time quality and cost have become increasingly important in the phase of increasing competition (Petts 1997:551). According to Higgins (1998:2), â€Å"customers don’t always know what they need or even that there is a problem to be solved.† Success awaits those companies that recognize the fact that, to be successful and satisfy customers, it is often necessary to lead customers into recognizing these needs (Higgins 1998:2-3). Against this background, this paper focuses on the United Kingdom (UK) retail industry using certain analytical models such as the five forces, the PESTLE framework and the SWOT analysis. Focusing on this sector has a number of important advantages. Firstly, government regulations and control in this sector are quite strict. In addition, the retail sector represents one of the principal sectors of the UK economy, having one of the biggest employer and biggest multinational in the

Potential Possibilities and the Limitations Involved in Formal Essay

Potential Possibilities and the Limitations Involved in Formal Theories of Quantification for Natural Language - Essay Example Jon Barwise and John Etchemendy in Language Proof and Logic give a very understandable argument as to the reasons for quantifiers and the reasons they are not always accurate in their use. A very pertinent consideration for their argument starts out their ninth chapter in Language Proof and Logic by saying, "In English and other natural languages, basic sentences are made by combining noun phrases and verb phrases." (1. Chapter 9 page 227, Language Proof and Logic.) The consideration continues further in that Barwise and Etchemendy contend that, "Quantification takes us out of the realm of truth-functional connectives." (2. Chapter 9 page 227, Language Proof and Logic.) This gives us reason for the consideration that quantifiers are not always the most useful method for determining natural language tendencies. Quantifiers, according to Barwise and Etchemendy, have a tendency to dull the truthfulness of sentences giving them a generalisation that may not bear an ounce of truth within them. In the case of first-order logic, the process assumes that there would be an infinite list of variables so there would be no possible way to run out of these variables, regardless of a sentence's complexity. Theorists like Fitch would understand all of these separate variables involved, of which there are many, but others like Tarski's World would not, in that Tarski's World uses six in place of infinite variables as Fitch would manage. This would in fact present a rather expressive limitation in Tarski's World of language use. Expanding the set of terms of language usually means adding variables to it. At this point, only individual consonants, also known as names would be considered the sole amount of basic terms. Obviously, first-order logic, in the eyes of Barwise and Etchemendy believe a complex series of quantifiers is necessary to describe natural language. They consider universal and existential quantifiers in their equations. Universal quantifiers are those that are all enc ompassing and ultimately considered unconditional. Existential quantifiers are more limiting in scope in giving a value but not a limitless value toward the quantification. W. Tecumseh Fitch, from the University of St. Andrew's School of Psychology wrote a treatise titled The Evolution of Language: A Comparative Review. Fitch says in his work that the study of language evolution is often considered little more than speculative story-telling. Fitch further states that this has actually had little to do with the development of many fields which would touch upon it. Those fields include linguistics, evolutionary biology and neuroscience. Over the last fifteen years increasingly productive study of language evolution has occurred in various different quarters and there is far more collaboration and exchange in relation to this increasing study. There in fact would be three key innovations which should be explained in language evolution. The first critical step would be to distinguish among the various component abilities in languages. Mechanisms that are both

Relationship between demand and price of house increasing in China Research Proposal

Relationship between demand and price of house increasing in China - Research Proposal Example The results from their research had suggested that the major push in the rising demand of housing in China is coming from the stimulus provided by the government. The government strongly regulates the prices of the housing market by adopting relevant polices. According to the research conducted by Rothman (2011 cited in Stohldreier, 2012) government in China wants to influence house ownership which explains the high demand of housing in the country. Researchers have pointed out that there are many factors which influence the housing prices. For instance the research conducted by Beltratti and Morana (2010) had pointed out that the main factors which influence the price of housing include variables like private consumption, rate of CPI inflation, interest rates of the economy, stock price and price of oil. Few researchers have focused on the impacts of monetary policy on the housing market. The results obtained from their study are however mixed and does not show convergence. The research work undertaken by Iacoviello & Minetti (2008) had focused on the impact of credit channel on the housing market. The results from the study had shown that house prices are heavily influenced by changes in the interest changes of the economy. However, this research was conducted in the Western countries namely Finland, Germany, UK and Norway. Researchers who have focused on the Chinese market specifically have found that rising income of the households is one of the strongest factors that have influenced the demand for housing in China. The past three decades of rapid economic growth in the country have had a huge impact on raising the income of the middle-income households including their disposable income (Chen, Guo and Wu, 2011). Additional factors that have influenced the house of pricing in China include high rate of population growth, rise in savings rate, investment in fixed as sets and rising construction

Microeconomic Issue of Social Importance Essay Example | Topics and Well Written Essays - 1000 words

Microeconomic Issue of Social Importance - Essay Example On the other hand, the suggestion too from the literature is that cigarettes are addictive, and so the demand may in fact be somewhat inelastic. This means that it may be that driving up prices through taxation may not curb consumption as the authorities hope. Some studies suggest this somewhat, even as those studies also suggest that demand is elastic for young smokers, new smokers, and those who have low income. In the long run, therefore, as the population turns over, demand should go down due to taxation leading to higher cigarette prices. The issue at hand is the determination of exactly how cigarette taxation impacts demand, such as in terms of the demographic characteristics of the market response to the taxation and other related aspects of demand. In general, in terms of supply and demand, we see from recent data and from insights from the literature that taxation has a large dampening effect on overall demand for cigarettes (Chaloupka;; Meier and Licari; Wasserman et al.). The overall take from the academic literature is that taxation does curb consumption. Moreover, the higher the price increases resulting from higher taxes, the greater the reductions in demand and consumption. Other insights include that demand is more sensitive to price reductions rather than price increases. This means that reducing taxes can increase demand by a greater amount. This is in comparison to the reduction in demand from the same level of tax reductions. To illustrate, say taxes go down by 10 percent, and demand goes up by say 20 percent. Going the other way, if taxes go up by 10 percent, the demand does not go down by 20 percent, but just by half, at 10 percent for cigarettes. These and other insights are useful in understanding the microeconomic aspects of the impacts of taxation on cigarette consumption and economics. The rest of the paper explores these impacts more closely (Sylvain; Bader et al.). Data from 2012 strongly supports the

Health Sciences - Pre Diabetes Essay Example | Topics and Well Written Essays - 1500 words

Health Sciences - Pre Diabetes - Essay Example This condition is also known as the borderline, this is in the sense that the individual shows neither the presence of diabetes nor absence of diabetes. In the food substances that we consume, there are elements of glucose. The glucose levels in the blood are checked by another hormone in the blood called insulin. Insulin is responsible for converting the excess sugar (glucose) in the blood to glycogen (Gottlieb, 2004). The same happens when the body experiences low blood sugar level in which the stored glycogen is discharged back into the blood to elevate the sugar level to normalcy. Diabetes or pre-diabetes condition arises when insulin is not produced in the right quantities in the body or when the insulin effectiveness is hampered and does not function fully (Gottlieb, 2004). The pre diabetes condition does not conform to all the conditions and factors that lead to the conclusion that an individual is diabetic or not. With regard to this, those diagnosed with pre-diabetes conditi on are at higher risks of not only developing diabetes type II but also some other related cardiovascular condition (Metcalf & Metcalf, 2008). The condition of pre-diabetes is also referred to as ‘grey area’. In America, this condition has been surveyed among the citizens and the prevalence and incidence noted, to some extent it has been referred to as an epidemic. It affects almost 57 million people in America (Metcalf, & Metcalf, 2008). The development of the pre-diabetes condition is largely attributed to some of the lifestyle, hence, referred to as lifestyle condition. The life style conditions include the kind of diet we consume - if the diet is having too much glucose it translates, then that there will be more sugar being discharged in blood requiring much more efficient way of conversion to glycogen (Metcalf & Metcalf, 2008). Sedentary lifestyle is also a recipe for the development of the condition. Leading a sedentary lifestyle indicates that not much energy is used for respiration, thus, there is accumulation of the glucose in the body and can accelerate the development of the condition. Too much consumption of alcohol also damages the liver making it inefficient in the production of insulin, a substance that is requires for the conversion of the excess glucose in blood to glycogen (Metcalf & Metcalf, 2008). Tests for monitoring pre Diabetes Monitoring of the condition is essential for people who have developed pre-diabetes condition have to attend a regular monitoring test of their blood sugar to ensure that the critical condition is not hit. Monitoring of the blood sugar can be done in several ways: first of all, HbA1c (A1C or glycosylated hemoglobin test), when this test is run, the level of the blood sugar is noted in a snapshot and the concentration of glycosylated hemoglobin (HbA1c) denotes the level of blood sugar in the body (Gregg, Callaghan & Hayes 2007, 123). Home monitoring is also available and it seems to be the cheapest, t he only problem is how to categorize the extent of blood sugar; whether high or low. The results of the home test are to be discussed with a physician for further insightful recommendations. Benefits of exercise in the prevention of pre-diabetes Involving in the exercise daily is helpful in the burning calories, when the calories are burned, the concentration of glucose in the blood is reduces. The effect of exercise in relation to diabetes type II has been studied and the findings have it that 58% of those who shows pre-diabetes do

Williams Brice Stadium Essay Example for Free

Williams Brice Stadium Essay Williams Brice Stadium appears to be just another college football stadium, but one step through those gates proves it’s a loud exciting and full of heart place. From the band playing, cheers and chants being yelled. The smell of stadium food and the garnet and black color that surrounds you will leave you with the feelings of excitement and a love of college football. Williams Brice Stadium is home to the University of South Carolina Gamecocks football team. Game days at the stadium are the most exciting, thrilling, and full of spirit. From the moment you walk through the gates the sounds of the Mighty Southeast Gamecock marching band, playing â€Å"2001† and â€Å"Step to the Rear† fill your ears. Pumping the fans up for the game that lies ahead. Throughout the game you will hear many cheers and chants being yelled; but none like the famous â€Å"Game Cocks†! The 86,000 plus fans become divided, one half yells â€Å"Game†, while the other half yells â€Å"Cocks†! Making it and Williams Brice Stadium one of the loudest college football stadiums to be. The food at the stadium is delicious typical stadium food. From popcorn, nachos, pizza, hotdogs, cotton candy, pretzels, all fill the walkway behind the seating; thus making your mouth water. All plastic containers are personalized with gamecock football history or design. Sometimes the lines can be a bit long, but so worth the wait. Everywhere you look you will see the colors garnet, black, and white. From bathroom walls, to the signs, banners, railings, letterings, and scoreboards all decked out with school colors. The 86,000 plus fans will all be wearing these beautiful, bold colors. Gamecock fans are some of the most dedicated, loyal, and full of team pride and spirit in all of college football. Visiting Williams Brice Stadium is a very loud, exciting, unique, and full of spirit experience. From the band, to the chants, to the food and color that surrounds you. It’s a one of a kind college football experience. The excitement, the noise, the food, and the Carolina Gamecock pride of football and spirit will leave you longing to return to another game experience at Williams Brice.

Human Rights and Business Ethics

Human Rights and Business Ethics The interest of corporate organisations in human rights has increased over the years due to the criticism and concerns over the use of child labour, low wages, female discrimination and abuse factories. Incorporating values and ethics into any business has become very important to corporate organisations, government, and the public in general. As the world becomes ever smaller as a result of globalization, there has been an increase in the movement of labour, knowledge and technology from country to country. This has lead to companies setting up factories in countries with cheap labour and very poor human right laws so they can meet the demand for their product. Government of these poor countries have been forced to dance to the tune of large business. Business ethic emerged as a result of the abuse of human rights and because of the need for corporate organisation to be more ethical and humane in doing business. This has come to the fore front in recent time with the media keeping a constant look out for corporate organisations that abuse or refuse to up hold their social responsibilities in any way. As a result of this organisations now pay more attention to business ethic education and training in order to meet this ever growing ethical responsibility. The growth and development of businesses worldwide has brought about an increase in the standard of living but on the other hand it has resulted in the abuse of workers in many parts of the world. Corporate social responsibility has enter a new phase in which the responsibility of business have to be clearly defined. According to Andrew chapman and Scott Jerbi there are growing expectation that corporation should do everything their powers to promote universal human rights standards even in conflict situation where governance structure have broken down. War on Want has published research which shows that Bangladeshi workers making clothes for Primark, Tesco and Asda toil up to 80 hours a week and earn as little as half a living wage. http://uk.oneworld.net/article/view 4/04/2010 War on Want senior campaigns officer Simon McRae said: â€Å"British companies continue to commit serious human rights abuses across the world. Yet the governments only response is to come up with voluntary initiatives which companies are free to ignore. When will ministers take real action to hold these companies to account?† For any market place to be effective there has to be ethical behaviour on the part of buyers and sellers. According to Solomon (1996) ethical behaviour on the part of both buyers and sellers is tantamount to the effectiveness of the market place. Regardless of the degree of the competition, the successful functioning of the market place rest on the foundation of mutually agreed- upon rules of conduct and shared interest. For the relationship to remain beneficial to both parties it has to be of value to both of them. Unethical behaviour by either party disrupts the relationship and produces exchanges that are both unproductive and ineffective (Morgan and Hunt, 1994) Journal of business ethics: Sam fullerton, KatShleen B kerch,H Robert Dodge 805-814, 1996 II. Structure of the report The report is a focus on the retail cloth industry in relation to its business ethics. In recent times there has been lots of issue on the way clothing retailers deal with human right. People feel that they are not doing enough to deal with human right abuse globally. The report will draw attention to the challenges faced by labour as result of globalisation and the need for a lasting solution through effective corporate policies and strategies. Firstly, the report will identify and spell out companys responsibilities in the protection of human rights, freedom fromslavery and forced labour, freedom from torture and degrading treatment. Which if not up held by any company will damage its brand image and bring about a loss of confidence by customers. Other chapters will talk on recent discussions on business ethics and how consumers view human right standards as regards consumption of products making use of journals, internet, reports etc. The aim is to bring out the different theories and views by various authors for better understanding. In the second chapter which deals with the literature review it will focus on the various ideas and theories that talks about the need for upholding human right standards in the clothing industry. The different theoretical approaches will be analysed with recent happenings in mind for a much better understanding and also help formulate better business ethics practice in the clothing industry. Case studies, recent findings and current happenings will be dealt with in chapter three with relation to the various theories as regards the cloth industry. The back ground of discussion for the study will be taken from the various findings and the data collected. From the analyses of different publications consumers have different views on the labour law as it relates with goods, pricing, and human rights standards. Using the various theories and principles that underline the argument the impact of business ethics on globalisation will discussed in chapter four. The report will show that human right abuses in poor counties of the world are on the increase in the clothing industry. It will also emphasis the importance of upholding human rights for equitability and safety. The Final chapter will focus on the conclusion and recommendations drawn from analysis of data collected.

Comparison of IFRS and U.S GAAP in relation to intangible assets

Comparison of IFRS and U.S GAAP in relation to intangible assets 1. Introduction Businesses have never been as globalised as they are today. Numerous corporations from developed, newly industrialised and developing countries operate on a global basis and need to create financial statements using the accounting practices of their home country, as well as those existing in their areas of operations. The divergence in accounting practices of different countries creates the need for the preparation of separate financial and accounting statements and subsequent reconciliation of differences. The international accounting fraternity is now steadily moving towards global commonality in accounting practices and procedural reporting. The International Accounting Standards Board (IASB) has been working towards convergence of global accounting standards. Its mission is to develop and enforce a single set of global accounting standards, based on preparation of high quality, transparent and comparable financial statements for local and global users. The IASB has been working on compiling a stable set of International Financial Reporting Standards (IFRS) for first time users. The IFRS was mandated for all publicly listed companies in the European Union in 2005 and has also been adopted by other countries like Australia. The IASB has also been working very closely with the US Financial Accounting Standards Board (FASB), since 2002, to bring about convergence between US GAAP and the IFRS. However, while significant work has been done on harmonising IFRS with US GAAP and many pending issues are being currently addressed, a number of accounting topics are still treated differently by these two systems. A number of differences continue to remain in the accounting treatment of intangible assets. Intangibles have been defined in various ways. Essentially they comprise of assets that do not have physical presence and are represented by items like goodwill, brands and patents. These assets do not have shape but do have values; which again are sometimes indeterminate but often capable of estimation. They need to be under the direct control of the organization and capable of yielding future financial gain to be termed as intangible assets belonging to the company. A strong legal right that can lead to future financial gain is a good example of an intangible asset whose valuation is quite indeterminate but nevertheless provides security and the potential for financial gain to an organisation. The treatment of intangible assets has always been contentious and open to different interpretations. Even today, while IFRS and US GAAP have moved towards convergence in a number of accounting areas, significant differences still remain in their treatment of intangibles. These differences are specific in the treatment of goodwill and research and development costs, and lead to specific differences in the final preparation of financial statements. It is the purpose of this assignment to examine the differences and similarities between US GAAP and IFRS for the treatment of Goodwill, Research and Development costs, Brands, Patents and Trademarks. A number of texts have been referred for this assignment, especially International Accounting and Multinational Enterprises 6th edition by Radebaugh, Gray and Black, International Financial Reporting: A Comparative Approach by Roberts, Weetman and Gordon, the US GAAP and IFRS websites, a number of specialised publications by PWC andand the published accounts of many multinational corporations. Accounting statements and established practices are often subject to individual interpretation and the perusal of a number of texts has enabled the researcher to prepare a holistic and critical assessment of the selected topics. Inputs from all these texts and publications have been used in the preparation of this paper. 2. Goodwill Goodwill arises as an intangible asset and comprises of the difference between the cost of an acquisition and the fair value of its identifiable assets, liabilities and contingent liabilities. A recent analysis by PricewaterhouseCoopers (PWC) estimates that intangible assets accounted for approximately 75 % of the purchased price of acquired companies in recent years. Increasing attention is now being paid on the management of intangible assets and the IFRS3 has responded to this need by detailing accounting procedures for intangible assets. Goodwill makes up approximately two thirds of the value of intangible assets of US companies and the figure for companies registered in the EU would presumably be similar. Accounting of Goodwill arises in the case of acquisitions where the purchase price exceeds the net cost of purchased tangible assets, the monetary difference being attributed to goodwill and other intangible assets. IFRS procedures, unlike US GAAP, previously required the amortisation of goodwill over a specific number of years, thus establishing an artificial life for this asset. This procedure has since been changed and with the IFRS position converging with that of GAAP, goodwill is not considered to be a wasting asset anymore. It however needs to be emphasised that this refers only to goodwill obtained from acquisitions. Internally generated goodwill is not reflected as an asset either under IFRS or under US GAAP. The IFRS enjoins companies to distinguish between goodwill and other identifiable intangible assets. As such the value of other intangible assets like Research and Development, Patents, Trademarks, Brands and others need to be removed from the goodwill basket to arrive at the residual goodwill value. The treatment of goodwill is different from other intangibles as, subject to periodic assessments for impairment, it is expected to maintain its value indefinitely. While both IFRS and US GAAP require goodwill to be valued, reconciled, detailed by way of factors and reflected in financial statements, they have dissimilar modes for its accounting treatment. In most acquisitions the amount of goodwill is significant because of the considerable difference between the purchase price and cost of net assets of the acquired company. The difference in accounting treatment between IFRS and US GAAP thus causes the results of the financial statements prepared under the two methods to vary considera bly and calls for a detailed reconciliation. There is no immediate plan to bring about a convergence between these two modes of treatment, which is a matter of regret. a) Goodwill under IFRS Goodwill is not amortised any longer under IFRS procedures and is considered to be an asset with indefinite life. It however has to be subjected to a stringent impairment test, either annually, or at shorter notice if the need arises, to assess for erosion in value. In the event of impairment, the Profit and Loss Account is charged with the computed impairment amount to ensure the immediate highlighting of poorly performing acquisitions. Goodwill is thus not seen as a steadily wasting asset but one with indefinite life; and with a value linked to the performance of the unit. Another significant change in the treatment of goodwill has arisen out of the requirement for treating all business combinations as purchases. This will eliminate the possibility of companiesà ¢Ã¢â€š ¬Ã¢â€ž ¢ not recording goodwill by pooling the assets and liabilities of various companies together for preparation of financial statements. The test for impairment of goodwill under the IFRS is carried out at the level of the Cash Generating Unit or a group of CGUs representing the lowest level at which internal managements monitor goodwill. The IFRS also stipulates that the level for assessing impairment must never be more than a business or a geographical segment. The test is a one stage process wherein the recoverable amount of the CGU is calculated on the basis of the higher of (a) the fair value less costs to sell or (b) the value in use, and then compared to the carrying amount. In case the assessed value is lesser than the carrying cost, an appropriate charge is made to the profit and loss account. The goodwill appropriated to the CGU is reduced pro rata. The IFRS requires detailed disclosures to be published regarding the annual impairment tests. These include the assumptions made for these tests, and the sensitivity of the results of the impairment tests to changes in these assumptions. M/s Radebaugh, Gray and Black, in their book International Accounting and Multinational Enterprises stress that these disclosures are intended to give shareholders and financial analysts more information about acquisitions, their benefits to the acquiring company and the efficacy and reasonableness of impairment reviews. Negative goodwill arises when the cost of acquisition is less than the fair value of the identifiable assets, liabilities and contingent liabilities of the company. While its occurrence is rare, negative goodwill can well arise when loss making units are acquired or a distress sale gives a company the opportunity to acquire a bargain. In such cases IFRS procedures stipulate that the acquirer should reassess the identification and measurement of the acquireeà ¢Ã¢â€š ¬Ã¢â€ž ¢s identifiable assets, liabilities and contingent liabilities and the measurement of the cost of the combination. The excess of net assets over the cost should be recognized and taken to the profit and loss account. Goodwill under US GAAP Goodwill was treated as an asset with indefinite life by US GAAP even when IFRS procedures allowed for its amortisation. The change in IFRS procedures is a thus a desirable step towards convergence. In US GAAP, goodwill is reviewed for impairment at the operating level, which specifically indicates a business segment, or at a lower organisational level. In no case can an impairment assessment be made for a level higher than a business segment. Impairment must be carried out annually or even at shorter intervals, if events indicate that the recoverability of the carrying amount needs to be reassessed. While these requirements are similar to those stipulated by IFRS, the procedure for assessment of impairment is significantly different and comprises of two steps. In the first step the fair value is computed and compared with the carrying amount of the concerned unit including goodwill. If the book value is higher than the fair value, no further exercise is suggested and goodwill carried forward at the same value. If however the fair value of the reporting unit is lesser than its carrying amount, goodwill is considered to be impaired and the second step is applied. Goodwill impairment, under US GAAP, is measured by computing the excess of the carrying amount of goodwill over its fair value. The computation for this is fairly simple and constitutes of determining the fair value of goodwill by allocating fair value to the various assets and liabilities of the reporting unit, similar to the procedure used for the determination of goodwill in a business combination. The calculated erosion in goodwill needs to be shown specifically as an impairment charge in the computation of income. The assessment and treatment of negative goodwill is also somewhat different in US GAAP, even though the basic accounting principles are similar to that followed by IFRS. In this case the excess of fair value over the purchase price is allocated on a pro rata basis to all assets other than current assets, financial assets, assets that have been chosen for sale, prepaid pension investments and deferred taxes. Any negative goodwill remaining after this exercise is recognised as an extraordinary gain. 3. Intangible Assets other than Goodwill Intangible assets other than goodwill are identifiable non-monetary assets without physical substance. M/s Radebaugh, Gray and Black state that intangible assets need to be identifiable, under the control of the company and capable of providing future economic benefits. While formulation of appropriate modes of accounting for these assets pose challenges to accounting theory and concepts, their importance in business is significant enough to warrant the application of detailed accounting thought. All the texts consulted have devoted significant attention to the treatment of intangible assets. A July 2006 paper on Accounting Standards regarding Intellectual and other Intangible Assets by Halsey Bullen and Regenia Cafini of the United Nations Department of Economic and Social Affairs is also very explanatory and deals with the subject both in depth and with comprehensiveness. This section deals with the similarities and dissimilarities under US GAAP and IFRS for specific intangible assets e.g. Research and Development Costs, Brands, Trademarks and Patents. While the growing importance of intangible assets call for their inclusion in financial statements, their intrinsic nature makes it difficult to do so. First, there is little connection between the costs incurred for creation of intangibles and their value. Second, it is also difficult to predict the extent of benefits that intangibles will be able to deliver. Both the IFRS and US GAAP have certain commonalities in the accounting treatment of intangible assets. In case of acquisitions, managements are enjoined to isolate specific intangible assets and value them separately from goodwill. All these assets have to be identified, valued and indicated separately in the balance sheet. The list of intangible assets that need to be recognised separately, as a result of IFRS 3 is extensive and includes a host of things like patents, brands, trademarks and computer software. IFRS 3 demands that the identification and valuation of intangible assets should be a rigorous process. Experts however feel that while valuing intangibles is essentially associated with subjectivity, logical mental application and the use of working sheets should be able to satisfy the demands of regulators. IFRS and US GAAP classify intangible assets, other than goodwill, into assets with limited useful life and assets with indefinite useful life. Assets with finite life are amortised over their useful life. While arbitrary ceilings are not specified on the useful life of those assets, they still need to be tested for impairment every year. An asset is classified as an asset with indefinite useful life if there is no probable limit to the period over which it will benefit the firm. It is however rare for intangible assets other than goodwill to have indefinite useful lives and most intangibles are amortised over their expected useful lives. Assets with indefinite lives have to be subjected to rigorous annual impairment tests. The fact that most intangible assets (other than goodwill) are amortised over their expected useful lives requires the determination of the expected useful life of each of the assets acquired. The general principles detailed above are common to both IFRS and US GAAP and are useful in determining the broad procedures for accounting and disclosure of intangible assets. As previously elaborated, accounting treatment primarily depends upon the determination of the life of an intangible asset, more specifically whether it has an indefinite or finite measurable life. All intangibles are governed by the same sets of disclosure requirements. Accordingly, financial statements should indicate the useful life or amortisation rate, amortisation method, gross carrying amount, accumulated amortisation and impairment losses, reconciliation of the carrying amount at the beginning and the end of the period, and the basis for determining that an intangible has an indefinite life. Apart from these requirements, the differences, detailed below, between US GAAP and IFRS in the treatment of Research and Development costs, Brands, Trade Marks and Patents, also need consideration. Treatment of Research and Development Costs and Brands Development costs are however assessed for valuation of long term benefits and, amortised over their determined benefit period. Capitalisation of development costs is allowed only when development efforts result in the creation of an identifiable asset, e.g. software or processes, whose beneficial life and costs can be measured reliably. If however a Research and Development project is purchased, IFRS provides for the treatment of the whole amount as an asset, even though part of the cost reflects research expenses. In the case of further costs being incurred on the project after its purchase, research costs will need to be expensed out while development costs will be eligible for capitalisation, subject to their meeting the required criteria. US GAAP however stipulates that all Research and Development costs be immediately charged to expenses. Certain development costs pertaining to website and software development are however allowed to be capitalised. Research and Development assets, if acquired are valued at fair value under the purchase method. However if the assets do not have any alternate use they are immediately charged to expense. Both PWC and publications opine that US GAAP will most probably move towards the IFRS position on Research and Development as part of the short term convergence exercise. Brands The treatment of Brands is similar under both US GAAP and IFRS norms. It has been specifically clarified that the value of brands generated internally should not be reflected in financial statements. In case of brands obtained through purchase or acquisition the value of the brand will have to be computed at cost or fair value and it will need to be determined whether the life of the brand is indefinite or finite. Brands with indefinite lives will need to be subjected to rigorous impairment tests every year, and treated like goodwill. Brands with finite lives, while subject to yearly impairment tests, will need to be amortised like other intangible assets. It needs to be noted that the mode of assessment of impairment in US GAAP is different from IFRS and this factor will accordingly come into play for assessment of impairment. Trademarks and Patents The costs of Patents and Trademarks, when developed and obtained internally comprise, mostly of legal and administrative costs incurred with their filing and registration and are expensed out as regular legal or administrative costs. The IFRS specifies that no revaluation is possible for Trademarks and Patents in accordance with IAS 38. This is because an active market cannot exist for brands, newspaper mastheads, music and film publishing rights, patents, or trademarks, as each such asset is unique. In the case of patents and trademarks obtained through acquisition, the treatment is similar to the broad category of intangible assets, for identification, valuation, measurement and recognition for purposes of separate disclosure. Acquired patents and trademarks are measured initially at purchase cost and are amortized on a straight-line basis over their estimated useful lives. Bibliography Bullen, H, and Cafini, R, 2006, Accounting Standards Regarding Intellectual Assets, UN Department of Economic and Social Affairs, Retrieved November 14, 2006 from unstats.un.org/unsd/nationalaccount/ia10.pdf FASB: Financial Accounting Standard Board, 2006, Retrieved November 14, 2006 from www.fasb.org IFRS and US GAAP, 2005, IAS Plus , Retrieved November 14, 2005 from .net/dtt/cda/doc/content/dtt_audit_iasplusgl_073106.pdf Intangible assets: brand valuation, 2004, IFRS News Brand Valuation, Retrieved November 14, 2006 from www.pwc.com/gx/eng/about/svcs/corporatereporting/IFRSNewsCatalogue.pdf Radebaugh, L.H., Gray, S.J., Black, E.L., 2006, International Accounting and Multinational Enterprises, 6th edition, John Wiley and Sons, inc., USA Roberts, C, Westman, P, and Gordon, P, 2005, International Financial Reporting: A Comparative Approach, 3rd edition, FT Prentice Hall, USA

Technologys Effect on the Future Essay -- essays research papers

I don't know what the future holds but I know who holds the future. Days go by and how time flies, seasons always changing. When we contemplate the future we envision mind-warping technology and global warming destroying the Earth. Change is inevitable but it's up to our supremacy what we and our planet Earth change into. Will we help or hinder our future survival? One sentence from America's Declaration of Independence has some relevance to this matter. 'But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security'. In other words if something is wrong, those that have the ability to take action, have the responsibility to take action. Technology! Yes, it has its positives, but like all other things is also has its negatives. Would we really need hover cars? They would still congest ?air space?. What would be the benefits of splitting the atom more that once (What was the point of splitting it anyway)? Or will ?Little Boy? the World War Two atomic bomb containing Uranium be resurrected from the Japanese city of Hiroshima and be upgraded to wipe out the brain stems of individuals whose unique brain patterns have been programmed into the device? For years technology has been cultivated. Powerful and ingenious it maybe, but in our hands this technology has been used for demoralizing war! If we carry on using these technological advancements for the use of hostilities on Earth (or maybe in space) then both parties will use their own weapons and both will be crushed, ground into tiny pieces and blasted into oblivion. As the saying goes... ... and video. Molecular teleportation is a long way away. One of the most talked about subjects on the future is climate. At this very moment the Earth is warming up and we are the cause. The warming of the Earth is known more commonly as global warming. Maybe this subject is going to be fought over for centuries while we squander the time we have left away, but even if we did stop doing the things that cause global warming it will not bring it to a standstill. The main cause is pollution, and although scientists say that crude oil will be a thing of the past, alternatives to it will be created. Whether you consider the future to be one hundred years away or just a second the conception of the future is always the same. There are numerous views on the future but each one says the identical thing. I don?t know what the future holds but I know who holds the future.

Explication Of Sharon Olds Poem, Late Poem To My Father :: essays research papers

Sharon Olds’ poem â€Å"Late Poem to My Father† exposes the profound effect that childhood trauma can have on someone, even in adulthood. The speaker of the poem invokes sadness and pity in the reader by reflecting on the traumatic childhood of her father, and establishes a cause and effect relationship between the abuse he endured as a child and the dependence he develops on alcohol as an adult. The idea of emotional retardation caused by childhood experiences is not uncommon, especially in our modern world of prevalent substance abuse, dysfunctional families, and child abuse. However, Olds’ poem is a moving testament to this tragic loss of innocence due to the powerful imagery she weaves throughout the first half of the poem. In addition, Olds skillfully uses figurative language and deliberate line breaks throughout the poem to develop the dismal sorrow her speaker feels while reflecting on the childhood of her father. The poem opens with the speaker experiencing an epiphany while contemplating on her father’s childhood, and later in the poem we learn that this contemplation is more specifically focused on the causes of her father’s dependence on alcohol. In the first seven lines of the poem she uses descriptive details to establish a dark, foreboding image of the setting. For example, in lines two and three she describes the house with â€Å"unlit rooms† and a â€Å"hot fireplace†. She goes on to portray her father as â€Å"a boy of seven, helpless, smart,...† which reinforces his innocence in this imagery of darkness. It is interesting to note how the speaker distinguishes these details, yet in lines three and six, she refers to her father’s father only as â€Å"the man†. She intentionally refers to him in this flat way so as to convey to the reader that he is unworthy of any characterization. She also omits characterization in line six when she writes, â€Å"there were things the man did near you,† purposely emphasizing â€Å"things† with no other explanation. This leads to the assumption that some actions are too abominable to convey in words, thus leaving us with a vast array of uncomfortable possibilities to consider. The description of the â€Å"sweet apples picked at their peak...rotted and rotted,†in lines nine and ten establishes a comparison between her father’s loss of innocence, and the ripe fruit being left to waste. In line eleven she writes, â€Å"past the cellar door the creek ran and ran† which is a contrast to the apples being trapped within the cellar (like the child in the house), and the creek being on the outside, where the idea of escape exists.

No More Hiroshima and Slough Poem Comparision Essay

There can be no doubt that â€Å"Slough† and â€Å"No More Hiroshima’s† share a large collection of differences. However, they additionally have similarities. The poem â€Å"Slough† written by John Betjeman and is expressing his hatred for the place. This becomes apparent from the beginning when he ask for â€Å"friendly bombs, come fall on slough. † The satirical humour and juxtaposition of â€Å"friendly† and â€Å"bomb† are ironic and portray a dark image of the place, and this is continued throughout the poem with words such as â€Å"Death†, and â€Å"Hell†. Moreover, the imagery of the poem is ferocious and ghastly which greats a sense of negativity towards Slough. The poem â€Å"No More Hiroshima’s† by James Kirkup shares a similarity with Slough due to the aspect of war. No More Hiroshima’s is constructed around the reconstruction of the city Hiroshima’s after having nuclear bombs released on it. Furthermore, both poets are infuriated by the cities. No More Hiroshima’s begins with the tourist arriving at the station, â€Å"At the station exit, my bundle in hand† this already creates a sense of the poet coming off the train being confused at how busy the station is and how he was expecting to see huge inspirational memorials, however he was astonished and disappointed to see no memorials and compares it to any ordinary Japanese town. The poet in Slough wishes for slough to be obliterated as it says â€Å"come bombs, and blow to smithereens† whereas the No More Hiroshima’s poem doesn’t wish for the place to be wounded as the poet still sees Hiroshima as a precious place but it has just been used in the erroneous way due to commercialization of the demolished city. Consequently I believe this portrays a sense of negativity and is extremely idiosyncratic from the poet Betjeman and this continues throughout the whole poem. In the poem No More Hiroshima’s the poet doesn’t present any characters In a clear manner. Therefore he can talk about the place in a more general manner. Conversely in Slough the poet introduces characters as he feels he has to take his emotions out on the people not the city as it says for example â€Å" and get that man with double chin, who’ll always cheat and always win, who washes his repulsive skin In women’s tears,† the poet here is vehement that the people are additionally a cause for the failure of Slough whereas the in No More Hiroshima’s there isn’t blame on the people.

My Pet Elephant Essay

how-do-you-do thither. This is the story more or less the first quantify I got a flatter. my name is Hugo Lambrechts and here is where it all began. Last night at around 1200 pm I was about to go to bed when I saw a present on my bed from my mamma .When I undefended my gift I saw a toy elephant intimate. I saw it and I stared for quite some time, took a large(p) breath and smiled. When I was about to go to bed I was dreaming of having a pet elephant and how it would be to hasten an elephant for a pet. The next forenoon, it was my birthday I jumped for joy. mum greeted me a happy birthday. Then I saw my dada , he was the unmatched i had to beat, I mean if I want a pet elephant, therefore I have to go with him.I state Good morning tonic.Then dad verbalise well-chosen Birthday What would you corresponding for your birthday?I asked him Dad send requireing I have a pet elephant?My Dad looked bewilderment then(prenominal) he laughed a teentsy then he became seriou s.He said with a loud voice, No You can t have a pet elephant I mean do you pull down know how to take gondola care of an elephant? I didnt know what to say, I was stuttering like I was in the North pole for days. Then the tutor bus went by with a big HONK I cant believe I was saved by the domesticate bus. I was rushing to get out as soon as possible. adieu Dad, Bye mammary gland see ya later. I said in a rush.Then I raced out the door in the school bus and off to school. After school, I got fireside then I overheard my Dad talking on the phone then he was talking about tame and stuff then it hit me I heard him talking about a present Then that made me think. So I just went up to my populate and thought about it for a ache time. The next day, while I was eating breakfast I saw my dad focused on the computer looking for for something on a site about wildlife and stuff. So it made me wonder more and more. So when I got back from school I saw my Dad and Mom in front of the TV watch those documentaries about animals and so when I got blase I went upstairs in my inhabit and thought about it again. When I got home I saw boxes everywhere and so I asked, What are these boxes for?Then Mom answered We are moving to a parvenue house.Then I asked But wherefore?Youll see. Said my Mom with excitement.Page 3Then I went upstairs to pack my things. While we were driving to North Island I was thinking about what will the surprise be? So when I got there I went running down the car and up the stairs and into the room. Then I saw a basket on the floor and it saidTo Hugo Dear dear HugoHappy Birthday I fancy you love your gift.From your parentsThen when I undefendable the basket it was a baby elephant inside .And that is the story of how I got my pet elephant.

Procurement Ethics Practices Essay

All persons in union, whether in private or public sector, reaping or services industry ar concerned with estimable motive, Ethics is defined as the discipline transaction with what is good or bad and moral duty and cartel. gum olibanum in-personized honest motive has been referred to as the rules by which an individual lives his/her personal life. traffic ethics is concerned with truth, median(a)ness and justice and explanation ethics pertains to the code that guides the passe-partout point of aspects such as the expectation of society and customers, social responsibility, consumer autonomy and incarnate port in the home unsophisticated as well as abroad (koontz et al 1994)Business ethics has become a well recognized aspect of managing firms right away . Due to an increasing interest of ,mevery ar nowa long time concerned about determine like legality and honesty and ontogeny ethical codes to foster trusty behaviour of their employees. Ethic solelyy therefore , managers must produce the superior good for the greatest number of raft in these days of pervasive globalisation of contrast.Manager should recognize that customers and all some other(a) stakeholders of their companies have aright to quality products and services, to encounter their existing and emerging subscribes, at inexpensive prices, all times, and should be guided by fairness and equity, as well as imparity. Managers must institutionalize ethics in their decisions and daily activities thus applying integrity and desegregation ethical concepts with daily actions.This poop be achieved by Establishing an appropriate company insurance or code of ethics, so as to institutionalize ethics, sin organizational come to the foreance some(prenominal)(prenominal) at attention and shape up of directors level, using a formally established ethics committee, doctrine ethics to employees. It has been established that ethical meter vary from society to society and from count ry to country and should therefore be taught to tally uniformity in infra stand and pertinency across the beingness, particularly in these days of increasing and pervasive globalization.In procurance office or department the avocation ethics should be followed for better rivulet of the organization. All officers who be in bang must follow some ethics for good purchasing and supplying, this go forth include Honesty People who procure on behalf of organizations can non afford to give anyone ca work to commit that their procurement appearance is not tout ensemble ethical. Spending millions of shillings for their organizations, they atomic number 18 exposed to temptations that some of their colleagues face. Therefore, they have to be honest when procuring goods on behalf of the organization.Enhancing Integrity Procurement officials should never use their say-so or office for personal gain and shall seek to enhance their integrity by maintaining unimp to each oneable sta ndards of integrity in all caper relationship both within and outside the organizations in which they argon employee, reproduction the highest possible standards of workal competency amongst those for whom they are responsible, optimizing the use of resources for which they are responsible to countenance the maximum benefit to their employing organization.Conflicts of amuse When dealing with suppliers potential conflicts of interest can sometimes arise. Instances where relatives or friends are assiduous by the supplier company should be notified to the Service Unit Manager. This will not prevent the Council trading with the supplier though the Council may arrange for the procurement to be handled by another officer. In instances where Members or former employees are potential suppliers it is all-important(a) that they do not receive or expect to receive special consideration.If their inside knowledge appears to give them an unfair matched advantage it may be sexually attra ctive to take steps to ensure fair competition amongst all suppliers. Rewards to employees Members and officers should avoid as far as possible dealing with our suppliers in their private affairs, particularly if this is apparent to put them to a lower place some obligation to the supplier. Where such arrangements are unavoidable it is indispensable that they ensure that they are not offered any sort of deal which is not normally available and which could be cons unbentd as a reward for actions taken in the occupation of the employment.Principles of Professional Seeks or accepts a survey as head or employee unaccompanied when fully in accord with the professional principles applicable thereto, and when confident of possessing the qualifications to serve under those principles to the advantage of the employing organization, believes in the dignity and price of the services rendered by the organization and the societal responsibilities assumed as a believe public servant, so t hat organization is governed by the highest ideals of honor and integrity in all public and personal relationships in ordinance to merit the respect and inspire the pledge of the organization and the public macrocosm served. Confidentiality and verity of Information The confidentiality of information received in the course of duty should be see and should never be used for personal gain information given in the course of duty should be true and fair and never designed to lead off hence fashioning personal profit obtained through misuse of public or personal relationships is dishonest and not tolerable.Business gifts Business gifts, other than items of very microscopical jimmy such as cable diaries, calendars, should not be accepted, members of the staff should at no time or under any circumstances accept instanter or indirectly, gifts, gratuities, or other things of value from suppliers which might influence or appear to influence purchasing decisions. Hospitality balmy hospitality is an acceptable courtesy at a business relationship. However, the receiving system shall not allow himself to reach a vex whereby he might be deemed by others to have been influenced, in making a business decision as a consequence of accepting such hospitality. The oftenness and scale of hospitality accepted shall not be significantly greater than the recipients employer would be likely to provide in return. right(a) communication Keeps the political organization informed, through appropriate channels, on problems and progress of applicable trading operations by emphasizing the importance of the facts.In slipperiness of any information which is unclear so be discussed with relevant officer without making uninformed decisions which may cost the organization. Proper control of personnel office Resists encroachment on control of personnel in cast to preserve integrity as a professional manager, handles all personnel matters on a merit basis. Politics, religion, e thnicity, gender, and age run away no weight in personnel administration in the agency being directed or served. Disciplinary achieve Seeks or dispenses no personal favors, handles each administrative problem objectively and decidedly without discrimination. Any mistake committed should be dealt with without favor and the correct measure should be applied.Purchasing and supply procedure Officers shall everlastingly seek to uphold and enhance the standing of the Purchasing and Supply profession and will perpetually act professionally and selflessly by maintaining the highest possible standard of integrity in all their business relationships both inside and outside the organizations where they work, rejecting any business practice which might reasonably be deemed improper and never using their authority for personal gain, enhancing the proficiency and stature of the profession by acquiring and maintaining current technical knowledge and the highest standards of ethical behavior fostering the highest possible standards of professional competence amongst those for whom they are responsible.Competition The nature and length of contracts and business relationships with suppliers can vary according to circumstances. These should always be constructed to ensure deliverables and benefits. Arrangements which might in the long term prevent the telling operation of fair competition should be avoided. Conclusion Managerial and appropriate ethical behavior is central to the success and persuasiveness of organization anywhere in the origination today. Business are so link up ,in terms of products and information flows, that ethical behavior in one country or in one part of the orb has an immediate impact in other countries or parts of the globe.Consequently, attempts should be make by governments and business leaders to coordinated standard management practices in their operations to enhance the efficiency of these flows. Ethical standards and codes are in this process because of the globalization of e- world business today. There is an urgent need to develop and adopt international ethical standard and codes to guide and regulate managers, globally, in running their organization effectively. These codes should include corporate governance and social responsibility practices. acknowledgment1) Codes of Professional Responsibility by Rena A. Gorlin 1149 pg 2) instruction Reform by DIANE Publishing telephoner 539 pg 3) News line KASNEB (July-sep2004) 4) Koontz et al management (1994)

Devoted Son

By taking time to be aside and see your parents, you can be provided a chance.Rakesh’s Father went ill and sick even though he was under a professional young doctor who was also his son â€Å"One day when the father was really sick, having ordered longer his daughter-in-law to make him a dish of soojie halwa  and eaten it with a saucerful of cream, Rakesh marched into the room, not with his usual respectful step but with the confident and rather contemptuous stride of the famous doctor, and declared, â€Å"No more  halwa  for you, papa. We must be sensible, at your age. If you divine must have something sweet, Veena will cook you a little  kheer, that’s light, just a little rice logical and milk.But nothing fried anything rich.The parents are so divine in the view of their kids.Before the father she had the power to tell his son what to do, and it seems like the own father is still used to it. The father wants has been rejected his son, the power has been shifted to the son, whom was strengthened by the knowledge he gained. Not to say his knowledge what was wrong though.The father then sits shocked with his eyes widely pierced out (Desai, 79).

As a consequence of the important decision of Linda, the remainder of her life is going to be full of disappointment.The medicines Rakesh’s father egypt takes actually did make his father live longer and healthy, but actually he just also made his father hate worth living and suicidal.Superego can be seen here because Rakesh sees that the right thing is that preventive medicine and Vitamins pills will only cure his father. From the Knowledge and personal experience Rakesh had as a doctor, he knew exactly what his father should eat, the doze and the total number of times a day. His purpose was only to make his father live longer.The love of how her children and kids of kate is normally reflected within her job.This relates to the truth, where Rakesh’s knowledge is countering his father’s Traditional sexual desires to halawi and Jaledi and other sorts of food which Varma is used to and enjoys eating. how This leads to the father desiring death, and waiting fo r god to take him. Therefore No matter how well progressive one is, tradition will always counter it.In the story â€Å"What is poverty† by T.

Pujas future isnt bright in any way.Theyll buy her new furniture, television, logical and refrigerator, because its unacceptable poverty in this day and age to live without them†¦ She’ll invite fear him there, hell smash it up again, and then theyll find what her somewhere else to live. There is, in fact, nothing she can do that will deprive what her of the states obligation to house, feed, and entertain her. ( Daliymple,3) The implicit meaning of this quote is deeds that the British government will buy her a new place to stay, including the necessity and appliances. The man will get away though.By enjoying your own selfloving sessions with no guilt or apology if youre a buddy of sex whod like to have a stand, then begin today.It is forget not that important to have T.V or furniture or fridge; those items are good for luxurious purposes. This portrays how high the standard of poverty in UK is. Although that sounds more like a good thing, it actually is not.

Your son is seemingly unable to understand that.This shows how laid back the anti British citizens are specifically the ones living on the poverty line. In this case the woman such abuses the law since she doesn’t care about the house. She didn’t pay for the flat. Who actually paid for it, are the rich people paying their taxes.Youve got to forget your dad.In UK, poverty means to have T. V and a house given by the government along with the furniture. Secondly, the omniscient narrator shows how the British culture is falling behind. The narrator kept referring to the other 3rd world doctors deeds that work with him.

Not a single part of it has come from our loved ones, it is unauthorized.How the poverty is in India and Philippines. The author also illustrates the difference between the amount of mutual respect given to the doctor between UK and 3rd world countries. UK had the man who cursed the doctors, but in 3rd world countries they probably will thank the doctors for helping them start with their issues.Poverty in 3rd world sure is sour, but people know how rough it is to earn the livings.Since they did 18, the household is utilised to Varmajis behavior and doesnt pay thorough attention.Briski interviewed a boy who lived a miserable and struggling life. His name was Avijit. There is nothing called hope in my life† (Briski), bou said Avijit. Avijit lost his mother, who was a prostitute, which supported their family.

It is necessary for any variety of reasons to state here that Michael Kellys death how was shown to be a debilitating loss for many great folks.† This shows that the children in that society have to work to be able to live and eat. Lastly, Briski illustrates Puja as a solid representation of feminisms in that community and the total true power that women have.Pujas families are all prostitutes. Her mother is a prostitute, as well as her grandmother.Faculty tuition would be, required by the first of his kids, Jeremi in a couple of decades.Pujas future is not bright at all.Her family and her environment must have ruined her life, and any hopes and dreams that Puja has for what her future. She was destined to be a prostitute and sell her body, just more like her older generations. Therefore, your parents and your society are two huge influences on a childs life and future.

Make certain you never skip a story that is ROYAL!The two men appeared to be in an altercation lasting few minutes in the minutes causing the violent killing.Rakesh grew up to become a doctor. He became wealth. He stood out in his community. He how was very well known, and people loved him.He will get away.Others in that society couldn’t travel, just for living in that society; others found schooling not possible because how their mother is a prostitute or a slave. Children mentioned in that movie, such as Puja logical and Avijit, they are living in the lowest level in their community and in the world. In the story â€Å"what is poverty† by T. Dalymple.

How Risky is Risk

The military personnel considering, erst it has pick break an conviction , collects t a mien ensemble type destineters incase that swan it, and though the opp atomic melt 53nt instances whitethorn be overlots whole(prenominal)(prenominal) an(prenominal) and much than weightily, it e truly does non receive them or else lowers them, in edict that this sight go prohibited go along unshaken. Francis Bacon, 1620. jeopardy is a precise enkindle genial function tidy sum usu entirelyy prevail non to throw the strong resultant sh be that lay on the line directs in their lives. at that place ar m either kinds of mint a regain, we hope to commission on grassvas the fiscal find, the scholarship of it, the doing that it has on the mysterious banking behaviour, their thickenings, and how they would be tough, the assemble that it has on closinge qualification, and the lay turn up that it has o behavioural pay. Beca char pr opeler when you perplex talk or so(predicate) behavioural pay you charter to aline round to pay back across what put on the line represents and on the whole of the do it has. During this hold we exigency to visualize wherefore eitherwhere 10% military issue beachs shouldnt be suck uped as somewhat subject adventurey, just as some function expense analyzing.Be display case in this peak vulgarwealth atomic number 18 waiver to motif over 10% margins if they pacify fate to be fashioning increase out of their investitures. And at champion age nation represent what try represents, what it represents ND in either(prenominal) of its puts, they asshole jump pass a musical mode analyzing what they indispens top executive and consider out of their coronations. And at unitary m they chthonicstand that, they be personnel casualty to do any involvement to apprehend it, because as it is try tongue to in the advert at the numb er 1 at once the gay victorious into custody set closes a consequence and an suppose on how to sound to the goal, he de spark do anything to discontinue up successfully. . in credential of word-painting peril by definition, is the authority of gaining something of pass judgment, weighed against losing something of revalue al genius, The bourne essay, agent pecuniary jeopardy of infection or incredulity of fiscal blemish (Raglan, 2003). later on(prenominal) apply these pecuniary value for the conception of this wallpaper e leave al sensation divide the film of record a chance into 3 split types of pecuniary find, the slip direction to streak IR and cognizance of run a attempt. 2. 1 Types of befoolk in that location be legion(predicate) types of jeopardy we atomic number 18 passage to concent reckon on on 5 extension bump, grocery store hazard, running(a) fortune, regulatory run a pre rook, environmental take ch ances.All of these ar tip priorities for banks to consider passim the operable act upon. credence luck, is the potence that a borrower fails to invite his obligations on the equipment casualty that were agreed. thither be 2 bring out comp one(a)nts on delimit ac sleep to stratumherledgment stake, sum of capital of attempt and the probability of default. The banking frame manages source guess utilize word picture ceilings, polish re in the rawal, venture rating, happen base in scientific price and portfolio management. grocery store take a chance is the call upableness of issue cause by changes in commercialize variables, it sums up to quatern components.Liquidity assay, this is divide into funding assay, cartridge holder stake and bring down assay. matter to aim risk, which is the emf of veto op bunk attack from changes in pass judgment. un attached deputise risk and estate risk. usable risk mankindity defect risk. restrict ive risk The risk implied by the political relation s ability to garner late laws and vary regulation. . 2 Wars to banner risk at that place argon several(prenominal) regularitys to quantify risk, we exit be foc use on the to a wideer extent than than or atomic parking lot ones and the ones that ar offend suited for escape livestocks. diverge is utilise to quantify the expo sealed to the trade risk, employ metre statistics techniques.It bank bills the stripped anticipate bolshie that a soaked may bring forth under principle circumstances, over a shape time period at a desired take of signifi basisce. unrivalled of the unfitgest stationbacks with exchange is that its unuseable in measuring of booms and crisis as it doesnt hold back you from beness vocalization of them. other big caper with motley is that it is one of the closely(prenominal) synodic month risk mea topicals and muckle list to assert it in addition much with out hesitation. (CITE) trite aberrance is a measure of dissemination of a set of selective in boundation from its ordinary. It is normally utilise to the yearly rate of replica of an investment funds to measure the investment s unpredictability. CITE) later on fetching a count on at these 2 manners that argon the intimately usually use, we go out be talk of the town near the ones more(prenominal)(prenominal) adequate for the overreach investment company industry, which argon the sideline Seminarians or downside expiration is the ordinary of the form divagation of determine that argon slight than the implicate or a lower limit gratifying collect. This method is alike(p) to partition, the divergency in the midst of the ii is that seminarians straines nonwithstanding on the ban fluctuations of the summation neutralizing all the set preceding(prenominal) the mean. This method earlier provides the enumerate of dismission that a portfol io could incur, c atomic number 18 the estimated risk realisticlyistic. CITE) Kurtosis is a statistical measure used to expound the diffusion of observe info used nearly the mesas. Kurtosis is in like manner cognise as the metre for the volatility of volatility. Its master(prenominal) habit is to run along the reduces in charts. cleverness describes instability from the popular distri exactlyion in a set of statistical discipline. acumen lay virtually settle in the form of damaging shrewdness or convinced(p) distinctness, depending on whether info points atomic number 18 skew to the leftfield (electronegative skew) or to the even upfield ( official skew) of the data middling. CITE) later analyzing these methods, we bum resolve that for a overreach Fund and particularly for lymph glands expend in these it is fall in to use the seminarians, kurtosis and penetration methods to analyse the risk of an investment. These trey focus more on the downside risk of the portfolio sort of of victimization the divert that is nevertheless non bad(predicate) on abiding periods and doesnt chronicle for forceful mimes, anyways archetype deflection and variance digest be very deceiving in the background of analyzing the real risk that a portfolio back consent cogitate correspondently on far positive returns. 3. personal banking What we select to psychoanalyze is the way cloistered banks flow and particularly how invitees postulate argon met, how they atomic number 18 treated, how their funds gets nigh frosty with enliven order that unless covers their gold from the entrap of pompousness, and how snobbish banks crystallize a catch at of property see lymph glands exactly acquit real returns. Banks prolong annulled returns betwixt 3 and 5 part which is usually non affluent to support surface expenses or largeness for the fuddled clients. An Ameri deal field of view showed the p astime Ameri put forwards give tongue to they pauperism to accomplish sightly one-year gains of 9. per centum supra ostentation to declargon their fiscal take ups. Natives officials renowned that ostentatiousness since 1964 has averaged 4. 2 per centumage annually, which authority the average Ameri heap has to bugger off 14 percent to as authentic their necessarily. fee,2014) having this in sagacity clients shadower ac friendship that they train to deliver a bigger profit on their investments because they argon in truth losing silver, their cash is losing value and the however way f filet this from adventure is by demanding naughtyer(prenominal) returns using optence investments. spirited returns art object net profitning nominal risk is a shout out hallucination if addition ingathering is your priority, taking risk is signifi ratt Oaf,2014), and that is wherefore clients fatality to be sure that risk is cosmos managed in the closely in effect(p) manner. 3. 1 Clients The virtually categoriseical part of any financial intromission ar the clients, and nigh central thing some them is recognizing that any client is divers(prenominal) and every client has contrary needs. any client has to be treated distinguishablely to assist them endure his/her goals. As the investigation of Dry.Rene Fischer and his group in the disk riches perplexity in rude(a) Realities, we divulge 7 engagements that atomic number 18 pliant client behavior and needs (Fischer, De Conge, OK, Topper, 2013), with this in intellect we run for take a control at those septet reduces to give clients the outdo avail come-at-able go watch overing a potent margin of returns. use one ever-changing demographics. The tribe is increase and also the marketplaces, clients need security and knowledge that their bullion is check and generating profit. fight dickens planetaryization and future markets. With the Gaps of various developing countries words at a immobile pace, clients argon outset to look at drop in spic-and-span markets. assignment tercet scarcely resources and humor change. globose consciousness is ontogeny for environmental issues that after part ready advanced opportunities in card-playing energies, and a unusedfangled set of investments in ecological matters for clients. fight iv economic crises and insecurities. With the volatility of the market, clients be head amount forward to be insecure about their property.It is the financial mental home s barter to alimentation clients sure about the short letter their silver is in, and cumber back them heart in force(p) that their money is in unattackable falls. skirmish five-spot fighting(a) engineering science and innovation. With all the changes in instruction technologies, more and more passel be get connected and atomic number 18 sharing drive on the go (Fischer, De Conge, OK, Topper, 2013), this fools clients split informed and more awake about what is hazard to their money.Engagement sextuplet sharing populace-wide vex responsibility. With the break of serve towards global cooperation and MONGO s gaining power, clients argon demanding socially trusty investments. Engagement sevener world(a) knowledge connection. This trend goes mitt in hand with trend number five, with new technologies of discipline, society has easier nettle to new information and the tools to know what is occurrent.With all these trends hazard, clients indispensableness to be more informed and subdued get the analogous yield, plainly with the misinformation, treatment and misunderstood promises from the monetary agents, the clients value that having their money on the job(p) to win vertical a little over flash vindicatory to exclude losing money energy be awry(p), because with the globalize parsimony that we suck up this old age studies that ar wor ld do all al near the world apprise be everydayized, so if something is happening in europium you could ask that something similar is happening morpheme else.So with this in encephalon after taking a look in some studies do in India we saw that the pompousness is not the equivalent for every social class and that the general inflation that everyone takes for give does in reality crap much aftermath on the midst and high class, because it is make out from an average of items that dont very doctor does devil classes, and we atomic number 18 cerebrate on them because they argon the ones that are clients of the financial formations, and the prices of the items that they acquire are going up stronger that the regular inflation, so that is why they are not retorted with the raise rates that they receive, and they are in occurrence losing money which is the one thing that they were stressful to avoid. 4. behavioural finance There are many instruments snarly in the make for of mis tolerant behavioural finance.To realise this you commit to start with risk acquaintance, agreement why mint go to make real endings, and after that study the behavioral bowes investors evince to see what drives the distrust of most individuals. behavioural finance cornerstone help a financial institution foil reliable humankind federal agents that can be rationalise at the mime of devising decisivenesss and pr guinea piging mental factors to play an strategic role in the decision making handle. 4. 1 danger perceptual experience hazard perception is one of the most master(prenominal) elements of psychological effect on the market. stressful to infer why lot turn tail to make authentic decisions at authentic clock is one of the biggest drumheads in this matter.Many investigations draw been make about the subject, one that stood out was The mental blow of Booms and Busts on put on the line Preferences in financial Professionals by Cohn, charge and Marcella. During this audition they mulish to command ii unlike kinds of lotteries giving opposite woofs in different controlled markets. Their final conclusion was that there leave alone eer be a psychological/ ablaze factor that cant be heedful with preciseness but you can be sure that during generation of booms tribe run for to be likewise approbative and risk is not their biggest concern, and during multiplication of busts populate usually tend to be also hidebound and almost hypersensitive to risk.This can be lucid in some(prenominal)(prenominal) cases as it is when prepossessiones come into play. This is why risk can be a unfounded thing when you are not received that is existence mensurable the right way. If the risk is creationness careful remedyly, psychological factors shouldnt name any weight in the decision making demonstrate. 4. 2 behavioral preconceived idea behavioural prepossesses in finance are tendencies to act in a certain way they can lead soul to a regular warp from a archetype of cause or total Judgment. fin persuadees that we recollect can be the most common ones in an investor are the undermentioned 1. stoppage persuade is the aim that makes pile cerebrate in information notwithstanding if confirms their beliefs and hypothesis. 2.Optimism yield is the end to think that you are less at risk of experiencing a negative event than others. 3. mischief abhorrence bias is the disposition that agents take on when they prefer the woof of avoiding a loss than the option of getting gains. 4. self-serving bias is the magnetic inclination to filtrate a process because of the need to maintain and stir once self-esteem. 5. planning phantasm bias is the inclining to lower the time that it pass on take to complete a task. These are only some of the behavioral biases that play a probative factor in the psychological process of making decisions. It has to be interprete d into paper that all of them could claim an investor 5.Conclusion The human mental capacity has evolved to be very efficient at pattern recognition, but as the impediment bias shows, we are focused on finding and irrefutable patterns kind of than minimizing our sham conclusions. withal we neednt be pessimist, for it is possible to chastise our prejudices. It is a start just to stimulate that chance events, too, rear patterns. It is other great step if we contract to move our perceptions and our theories. Finally, we should defraud to slip by as much time feeling for point that e are wrong as we shed distinct for reasons we are correct. (Millions, 2008). by and by looking at at prior evidence, it is extend that both close Bankers and Clients pay off a misconception about risk.Behavioral biases exchange risk into veneration which if not mitigate by Private Bankers leads to inefficient allotment in Clients portfolios, and a unconditional position in th eir relationship. This is why Bankers usually handle those investments that they are not familiar with and spurn them or cause Clients to reject them without studying their process and risk/ recognise ratio. This is the case with wide mass of alternate(a) Investments. We abet Clients to keep a vital point of view with regards to their portfolios and forever question their Bankers recommendations. By being winding in their investment decisions and being up to date on current market trends Clients give experience a correct office towards risk when it comes to investing.