The General Principles of Financial Management Essay

The General Principles of Financial Management - Essay Example Profit maximization is the main aim for which the whole organization put in efforts too but it not the only goal of the firm as discussed above. The change in the value of firm can be measured by the change in Earnings/Share which shows the per share return to investors. (Gitman, 2006) Managers and their co-workers can not only depend on the main aim of an organization which is to maximize its profits. It is because of the timing of the cash received is important as the t soon as it is received is better because of the concept of time value of money. Owners receive cash in form of dividend and hence higher EPS doesn’t necessarily mean that there will be an increase in dividends as managers may increase their own bonuses instead. Maximizing profit might result in more risky investments made and hence increasing the beta of the firm so profit maximization is not the only main goal of firm. (Gitman, 2006) Question#2: Total risk of any firm can be bifurcated into two categories: a ) Diversifiable risk b) Non-diversifiable risk The diversifiable risk is one that can be diversified by taking some crude actions and making sure that firm doesn’t lose anything as a whole. This is a kind of risk that is just specific to a firm such as fire at a warehouse. This type of risk can be diversified if special precautionary measures are taken and hence it is in control of the firm to reduce such kind of risk. The chances of fire at workplace can be reduced by placing special notifications at flammable spots in the factory and other working areas. Therefore, this kind of risk is usually referred to as firm-specific-risk or nonsystematic risk. The non-diversifiable risk is the one that is out of firms own control and affects all firms in the industry with the same effect on each of them. This kind of risk is not avoidable and hence no contingency planning can help any firm in this case. The example of this kind of risk is when government increases the tax rate of the firms, they all have to bear it and none can take any step to avoid such an alteration in law. Therefore these kinds of risks are known as market risk or unsystematic risk as well. Therefore it is said that if you can’t do anything about something you just bear with it and hence nonsystematic risk is usually considered to be irrelevant while making long-term decisions. (Niehaus, 1999) Question#3: Weighted marginal cost of capital is the cost of borrowing/financing next extra dollar. The graph that portrays the cost of capital of a firm can be used to identify WMCC. The graph shows the discount rate that is applicable at each point or dollar of financing that is required. Marginal cost of capital is the rate that the firm will pay in return to its financings achieved through a particular source. WMCC is weighted average cost of all the financings done by the firm through several sources like debt, preferred stock, common stock, debentures, loans etc. each financing activity ha s different cost attached to it like common stock bear high cost then debentures or bonds because the holders of common stock have the right to vote for the selection of board of directors and also bear a risk of not attaining anything in terms of dividends if the business make loss in any year. Bonds on the other hand have a fixed rate of interest that is to be paid to the bondholders at the end of every year regardless of the fact that business made any profit or not.

The analysis of the academic texts by Adler and Marvin, Turino and Essay

The analysis of the academic texts by Adler and Marvin, Turino and Daughtry - Essay Example Moreover Daughtry (62) explains that momentum is directly related to emotional power and can either be positive or negative. However, in a battle of two, positive momentum is gained by only one party while the other party experiences negative momentum. Music and other sounds may be used to initiate the negative momentum. As outlined by Turino (221), emotional power of music often results to two impacts. It can either be positive or negative depending on the situation in which music is employed. Negative momentum may also result from the internal among the team members ore the players in the field. External negative momentum is generally initiated by the opponents especially when they are able to initiate morale and motivate their players. This is usually experienced by musical instruments, songs, chats and songs that are mainly meant to discourage or mock the opponents. This was evident especially during the time when racial discrimination was on its peak in the United States of Amer ica. It was evident that the society was much divided such that the blacks were supporting blacks while the whites also played alone. Internal negative momentum can arise from the internal activities by the players themselves. For example, when the actions by one or two members of the team are not pleasing to the other members of the team, there is loss of moral as well as reduction in the play. According to Turino (222), this result into a condition of hopelessness and the players feel that they no longer own the play. Later a pessimistic attitude change develops and the individuals begin to think of losing the game rather than winning the game. At this time, the players experiencing negative attitudes towards each other in the game and what remains are to wait for the game... The analysis of the academic texts by Adler and Marvin, Turino and Daughtry Turino, Thomas’ Signs of Imagination, Identity, and experience: A Pircian Semiotic theory for music is an exploration of the emotional power of music in the activities of individuals, families and communities. This article also illustrates the intimate interfaces of sound structures, identity and social structures as well as incorporating the views of other scholars. Adler and Marvin’s Momentum: A Theory of Social Action explores the idea of momentum development in sports and the several ways by which individuals and teams can develop or gain momentum. Alder and Marvin have also discussed the impacts of positive and negative momentum in a team’s performance. Daughtry’s Russia’s New Anthem and the Negotiation of National Identity has outlined how music derives self image. In this article, Daughtry discusses several case studies in which music reflects national image and identity of a nation. In sporting activities, it is usually common to listen to m ost sport analysts from different categories of the games puts more emphasis on fans contributing to the performance of a team. It is a common knowledge that a team that has many fans is likely to win in a game. Generally, understanding of the theory and the actual sports experiences reveal that momentum is very important in all the games. However caution should be taken to ensure that the generated momentum is not negative since negative momentum is destructive and results to feeling of uselessness and lost of hope in the game.

Social Aspects of Down Syndrome Research Paper Example | Topics and Well Written Essays - 1250 words

Social Aspects of Down Syndrome - Research Paper Example This is a curable disease that if identified in the early stages after birth can be managed properly to later stages in life. The different aspects for children and adults, speech, relationships with groups and how certain environments influence social skills and mental capabilities are vital signs to be considered critically (Royston 2005). This includes the developments of friendships, interpersonal social skills, leisure and play skills, self-help skills and independence and socially recommended behavior. Social skills for being independent, making friends, searching work and becoming independent through social confidence and competence is vital than academic skills. The ability to understand others feelings, emotions, and their behavior lead to success in social relations. For both children and adults suffering from Down syndrome, social understanding starting in infancy is considered as strength. The none verbal cues like voice tonal variation, facial expressions, posture and gestures indicate how someone feels, that in the event when one does not understand the spoken words used, they are suppose to pick the major messages about feelings and thus behave appropriately. Children and adults with strong social skills and empathy suffering from Down syndrome tend to enjoy better social behavior and understanding than t heir counter parts with the same stage of communication delays. On the other hand, this understanding of others behavior also enables Down syndrome children to be naughty since they have knowledge of how to provoke the reactions of the others (Evans 2009). The social development of infants with Down syndrome is influenced by their experiences in the environment by factors like family, society and schools, their tempers and the treatment they receive from others. Different behaviors in children are experienced according to their immediate environments, for instance, where a child notices negative emotions

The analysis of the academic texts by Adler and Marvin, Turino and Essay

The analysis of the academic texts by Adler and Marvin, Turino and Daughtry - Essay Example Moreover Daughtry (62) explains that momentum is directly related to emotional power and can either be positive or negative. However, in a battle of two, positive momentum is gained by only one party while the other party experiences negative momentum. Music and other sounds may be used to initiate the negative momentum. As outlined by Turino (221), emotional power of music often results to two impacts. It can either be positive or negative depending on the situation in which music is employed. Negative momentum may also result from the internal among the team members ore the players in the field. External negative momentum is generally initiated by the opponents especially when they are able to initiate morale and motivate their players. This is usually experienced by musical instruments, songs, chats and songs that are mainly meant to discourage or mock the opponents. This was evident especially during the time when racial discrimination was on its peak in the United States of Amer ica. It was evident that the society was much divided such that the blacks were supporting blacks while the whites also played alone. Internal negative momentum can arise from the internal activities by the players themselves. For example, when the actions by one or two members of the team are not pleasing to the other members of the team, there is loss of moral as well as reduction in the play. According to Turino (222), this result into a condition of hopelessness and the players feel that they no longer own the play. Later a pessimistic attitude change develops and the individuals begin to think of losing the game rather than winning the game. At this time, the players experiencing negative attitudes towards each other in the game and what remains are to wait for the game... The analysis of the academic texts by Adler and Marvin, Turino and Daughtry Turino, Thomas’ Signs of Imagination, Identity, and experience: A Pircian Semiotic theory for music is an exploration of the emotional power of music in the activities of individuals, families and communities. This article also illustrates the intimate interfaces of sound structures, identity and social structures as well as incorporating the views of other scholars. Adler and Marvin’s Momentum: A Theory of Social Action explores the idea of momentum development in sports and the several ways by which individuals and teams can develop or gain momentum. Alder and Marvin have also discussed the impacts of positive and negative momentum in a team’s performance. Daughtry’s Russia’s New Anthem and the Negotiation of National Identity has outlined how music derives self image. In this article, Daughtry discusses several case studies in which music reflects national image and identity of a nation. In sporting activities, it is usually common to listen to m ost sport analysts from different categories of the games puts more emphasis on fans contributing to the performance of a team. It is a common knowledge that a team that has many fans is likely to win in a game. Generally, understanding of the theory and the actual sports experiences reveal that momentum is very important in all the games. However caution should be taken to ensure that the generated momentum is not negative since negative momentum is destructive and results to feeling of uselessness and lost of hope in the game.

What Do I Have to Offer This College Family Essay Example for Free

What Do I Have to Offer This College Family Essay Upon choosing this topic I pondered, what next? I sat in front of my PC deliberating what direction I wanted this piece to go in, and what impression I wanted to give my future alma mater’s admissions of myself and then it struck me. The point of this essay is not to paint an illusion of myself to you, but, to show you what I have to offer as a unique individual. Marrianne Williamson in her book, â€Å"Return to Love† and I quote, wrote, â€Å"Our greatest fear is not that we are inadequate, but that we are powerful beyond measure. It is our light, not our darkness that frightens us. We ask ourselves, who am I to be brilliant, gorgeous, handsome, talented and fabulous? Actually, who are you not to be? † I first stumbled upon this quote during one of my times of feeling deeply insignificant among my high school population. I decided that constantly feeling as though you are insignificant leads to you becoming insignificant. I am a believer that the mind is a very powerful thing and I plan to use this belief a self confidence to encourage those around me to do nothing but their best because the minute you start believing your worst is your best, it in fact becomes the best you can do. Academically, I am well rounded. I have over the years gained all the necessary basic knowledge to excel in any subject I decide to work at. I study well in groups and have always had a love for tutoring; as such during and after high school I took the responsibility of tutoring my younger sister and her friends at the primary level. Throughout high school I also tutored my friends in order to ensure that leisure time was not affected by poor academics. The passion for helping those in need, has become a part of who I am and I intend to use this to help those around me if I am accepted into the university. I am extremely confident a team player, athletic and energetic young woman and I have dreams of one day helping everyone around me see that they too can be apart of this world holding only a positive outlook for their lives and being calculative about consequences. I am trained as a peer councillor and intend to use my skills for self upliftment as well as the maintaining of the mental well being of those I encounter in my tenure at this prestigious university. It would be unlike me to not mention my rich Jamaican heritage as one of the things I have to offer this university. Cultural diversity is one of the many things that make university life worthwhile and I am no doubt endowed with a mixture of cultures; as the Jamaican culture has evolved to included aspects of cultures of people from all walks of life. I hope I have given you a good enough idea of what I have to offer this institution, but I assure you this is just the tip of the ice berg. I also have no doubt that I will not be a silent student as I intend to be a production member of the university family. As we say in Jamaica â€Å"Wi likkle but wi tallawah†, meaning big things come in small packages.

Regulation of Complementary and Alternative Medicine (CAM)

Regulation of Complementary and Alternative Medicine (CAM) Using Osteopathy as an example, describe and critically evaluate the ways in which the organisation and regulation of Complementary and Alternative Medicine (CAM) in the UK provides safeguards for users. The provision of CAMs in the UK is historically both a component of healthcare services and viewed with suspicion by the dominant medical model of healthcare which has characterised the NHS since its inception in 1948. The kinds of CAMs which are included under the aegis of NHS provision have been restricted, to, for example, homeopathy and osteopathy (Nicholls, in Lee-Treweek et al, ). Such provision is typically regulated and monitored in ways that a wide range of other therapies which come under the same umbrella are not. This essay explores the ways in which this organisation and regulation can provide service users with the same kinds of safeguards that other NHS services have always provided. This kind of regulation, such as that provided by the professional bodies of Nursing (the Nursing and Midwifery Council) and Medicine (The General Medical Council, is a valuable means of ensuring the highest quality of care provision by ensuring only properly trained practitioners are allo wed to practice, whilst at the same time holding practitioners accountable for their practice. Patient feedback and other studies has demonstrated that the provision of CAMs within NHS care provides valuable treatment and support for patients with complex medical conditions. This is a symptom what Heller et al (2005) describe as the ‘late modernity’ of healthcare in the preesent context, characterised by increasing diversification (which is often not recognised by the dominant medical authority of the NHS).Rigorous randomised controlled trials, the gold standard for the provision of evidence for medical care, have demonstrated that CAMs are effective, yet the Medical model of care still does not always allow for the value of such treatments, and they are treated as ‘fringe’ medicine. Because of this, and because of the general standards of regulation and surveillance of medical care, very few complementary therapies are provided as a matter of course within the NHS, despite some therapies, such as Homeopathy, having a history of regulation and care pr ovision going back to 1844 (Nicholls in in Lee-Treweek et al). The training of CAM practitioners has also changed, with a more rigorous training process which reflects professional education processes and principles, and some standardisation (though not national standardisation) of education and standards. However, one therapy which is provided in this context is osteopathy. The changing face of medicine has both served the inclusion of CAMs within the NHS and served to bring about regulation by aligning the training and provision of such therapies with the principles which have governed medicine and medical practice in the UK (Heller et al, 2005). The concept of health has also evolved (Cant, in in Lee-Treweek et al; Heller et al, 2005). This has led to the emergence of integrative medicine, in which CAM practitioners work in conjunction with multi-disciplinary healthcare teams which manage patient care in an holistic and comprehensive manner (Cant, in Lee-Treweek et al). Obviously, this is the ideal from the point of view of the service user, because the hitherto unchallenged medical model of health has been replaced by a growing understanding of the complex nature of health and illness and the similarly complex responses required from those charged with promoting health and treating illness, disease and injury (Cant, in Lee-Treweek et al). However, th is has had what some view as a negative effect on CAM provision. As Heller et al (2005) state, â€Å"the growth of ‘integrative medicine’ represents an undermining of counter-cultural values, as more holistic paradigms based on challenging orthodox biomedical or ‘scientific’ theories may become displaced proximity to the dominant biomedical systems† (P xiii). Another issue is that as CAMs become more prevalent within ‘normal’ medicine and health, medical and nursing staff who are asked to advise on these therapies may not have been able to maintain current knowledge of the evidence about these therapies (Heller et al, 2005). One of the potential benefits of this influence, however, is that of ensuring patient safety. Heller et al (2005) state clearly that patients must make informed choices about such therapies, and should be able to have the information to evaluate the safety of the practitioner and the therapy. This is evident in the ways in which most people access CAMs, through private practice, through seeking out treatment and evaluating which practitioners of which therapies to access (Heller et al, 2005). However, there is such a diversity amongst many practitioners of sources of training and regulation that for many therapists, having a certificate of membership of a ‘professional’ organisation is no guarantee of quality or of redress should the service user be dissatisfied with or harmed by the therapy provided. The author has anecdotal evidence of discussions with medical doctors who believe that CAMs practitioners are dangerous, poorly regulated, and represent a danger to the pub lic by preventing sick people accessing or utilising medical healthcare services. This is a rather limited view, but one which signifies certain areas of public opinion, which in turn reflects the ways in which many therapies have not been regulated, evaluated through rigorous testing, or been subject to the same kinds of quality control and surveillance as conventional medicine. Osteopathy, however, is regulated by Acts of Parliament in a similar fashion to medicine, nursing and allied healthcare professionals, and is described as one of the ‘big five’ of the CAMs, which have a better reputation and standing within conventional medicine (Heller et al, 2005). It is this regulation which is supposed to protect patient safety and safeguard the interests of service users, but it also serves other purposes. Stone (1996) argues that regulation is not merited by the majority of therapies and would be inappropriate for therapies which are too different from medicine. Regulation ensures that the profession itself has a better professional status, that all its practitioners are trained in a similar manner, and provides support, guidance and legal support to practitioners. This suggests an increased level of responsibility and accountability, because professional bodies maintain agreed and defined standards. Therefore, in terms of informed choice, any serv ice user can be assured that any practicing osteopath is subject to the same standard of training and the same regulation, and so should be ‘safe’ to access, much in the same way as medical care is accessed. Thus regulation may safeguard patient safety by being required to formally adhere to ethical principles. Heller et al (2005) describe the requirements of professional ethical practice as: â€Å"a duty to tell the truth; a duty to act honestly and fairly; a duty to respect people’s wishes, and not to treat people as a means to an end, but as individuals with rights; a duty not to harm people;†¦[and the right] not to be harmed [and] not to be lied to.† (p 85). While these may be considered general human rights they are augmented by principles which are generally agreed to underpin healthcare, including the principles of beneficence and non-maleficence (Heller et al, 2005). It could be argued that no therapy should be provided, therefore, which does not have proven benefits to the patient, and is proven to do no harm to the patient. Professional regulation may serve this purpose, because it professionalises the therapy and demands acceptable standards of evidence to demonstrate these features. But only therapies which can provide this standard of evidence would be regulated (Stone, 1996) which could have detrimental effects on the status and reputation of more esoteric therapies which cannot be subject to the kinds of evidence that underpins medicine. Voluntary regulation may be the answer: â€Å"Consumers will best be protected by a dynamic, ethics-led approach to voluntary self-regulation in which high standards of practice together with visible and effective disciplinary procedures are given higher prominence than the pursuit of professional status (Stone, 1996 p 1493). In conclusion, this author believes that regulation, either statutory or voluntary, holds practitioners accountable and serves the interest of consumers by demonstrating that those providing CAMs are at the least educated to some kind of agreed standard, and by offering consumers a means of redress should they be dissatisfied with their treatment. However, only statutory regulation would give proper redress, but in the current legal context, there is so much legislation protecting the interests and rights of consumers of goods and services that there is plenty of room for redress through other means. Only statutory regulation could offer assurances of safety, but this is not suitable for all therapies (Stone, 1996). References Heller, T., Lee-Treweek, G., Katz, J. et al (2005) (eds). Perspectives on complementary and alternative medicine. Milton Keynes: Open University Press/Routledge. Stone, J. (1996) Regulating complementary medicine: standards, not status. BMJ 312 1492-1493.

Firewalls VS Nudity :: essays research papers

Starbuxman (11:45:02 PM): trying to defend firewalls should be a crime ELITE BOO (11:46:17 PM): im not defending them, its only the facts. plus if you try to make that a crime, the world of computers would just laugh at your face ELITE BOO (11:48:02 PM): btw, trying to download from nbci was a bitch, i had to create my own html file to link to them, twice! Starbuxman (11:48:40 PM): the facts are a simpler, cleaner system is the way to go. Virus protection, firewalls and other idiocy only inhibit progress. and the firewall would indeed inhibit an installation if it were one of the many programs/crap/variables free on the internet. Each time i send someone on AIM a file, they have to disable the firewall. This is lost time. Starbuxman (11:48:58 PM): And NBCI isn't a bitch (or if it is, dont say it) rthey use PHP, atfer all Starbuxman (11:49:08 PM): and sexy apache ELITE BOO (11:50:24 PM): ive always had a firewall on while you sending me something through aim and never had to turn it off, shows how much you know about the ELITE BOO (11:50:25 PM): m Starbuxman (11:50:52 PM): hey senor i know plenty. kevin has a firewall. he has to turn it off. ELITE BOO (11:51:01 PM): without having a firewall installed on your pc is a perfomance of idiocy ELITE BOO (11:51:27 PM): kevin's firewall therefor sucks or he has not configured it properly Starbuxman (11:51:49 PM): and youre the one who uses it -- youre te one whos lacking in knowledge. performance - another reason why firewalls can suck it -- theyre one more thing that inhibits my computers performance ELITE BOO (11:51:58 PM): firewalls dont only come in the form of software niether, they are more common as hardware ELITE BOO (11:52:41 PM): if a firewall lacks your computers perfomance so much that you notice it, then its quite obvious that your computer sucks Starbuxman (11:52:59 PM): my old computer did suck. Starbuxman (11:53:01 PM): and in those cases theyre not only all of the above, theyre expensive. basically theres not a single reason to use firewalls but to protect you from yourself. Starbuxman (11:53:14 PM): hardware. oy. Starbuxman (11:53:29 PM): now youre making it an expense too. no thanks. ELITE BOO (11:55:33 PM): of course there expensive, but its a single payment of 24hr protection... and how the hell can you say the only use of a firewall is to protect