Risk Management Analysis Essay -- Business Management

This assignment will discuss the theoretical basis of financial risk, because managers need to be aware that financial risk its present in all sectors of activity so that they can run business efficiently and take advantageous investment choices, considering the different types of financial risk relevant to the current economic climate, as well as evaluating the methods available to business for managing, and by observing a case study where risk management has possibly failed. Risk is the doubt about future gains or losses, thus such doubts reveal that some future expectation and their impact cannot be predicted Chorafas (2008). Markowitz cited in Brigham, Gapenski and Ehrhardt (1999), argues that the portfolio theory can get high expected returns on investment with low levels of risk. therefore, risk can be spread and consequently eradicated so does not concern investors, thus the only worrying risk for managers , is the market risk which cannot be eliminated. However, Arnold (2002), suggest that this fails to assert that portfolio risk does not need to be considered, thus resulting with a problem with the theory, because it uses historic data returns to support decision making about potential investments, and as risk is about uncertainty is difficult to calculate future events, therefore this theory may have gaps. Alternatively Brigham et al. (1999), argues that the CAPM model establishes a causal relation between risk and return on assets, where investors have the same expectations about the expected return and there are no transaction costs and taxes. However, Pike and Neale (1999) suggest that some concerns may occur related to the validity of this model because there are transaction costs and taxes which are sources o... ... Hillson, D., & Murray-Webster, R. (2007).  ´Ã‚ ´Understanding and Managing Risk Attitude ´Ã‚ ´. ( 2nd ed.). England: Gower Publishing Limited. Hamada, R. S., Bain, G., & Gerrity, T. P. (1998).  ´Ã‚ ´ Mastering Finance: single-source guide to becoming a master of Finance ´Ã‚ ´. England: Pearson education: Financial Times/Prentice Hall. Neale, B., & McElroy, T. (2004).  ´Ã‚ ´Business Finance: A Value-Based Approach ´Ã‚ ´. England: Pearson Education; Financial Times/Prentice Hall. Pike, R., & Neale, B.(1999). Corporate finance and investment : decisions and strategies. London ; New York : Prentice Hall. Voon-Choony, Yap., Hway-Boon, Ong., Kok-Thim, Chan., & Yueh-Sin, Ang. (2010). European Journal of Economy Finance and Administration Science.  ´Ã‚ ´Factors Affecting Bank ´s Risk Expoujiusure: Evidence from Malaysia ´Ã‚ ´. Issue 19, retrieved from: http://www.eurojournals.com/ejefas_19_09.pdf

Different Kinds Of Love In Great Expectations Essay -- Great Expectatio

In Great Expectations, there are many odd points of view of love and what love should mean. Pip’s love toward Estella is a yearning craze, and he is blinded by her fascinating beauty. On the other hand, Uncle Joe has a very respected love for Mrs. Joe, considering how harshly she treats him, Mrs. Joe doesn’t seem to love Joe at all. Biddy’s love for Pip seems true, until Pip leaves his home to become a gentleman. Estella also gets married to a man that loves her, Bently Drummle, but does not return his love, and chooses to marry for profits only. Love plays a large part in this story, binding some of the characters together, and ruining other’s relationships. When Pip was very young, he was confused at what love should really be. It is no surprise that Pip has a very odd point of view about women at this point in the story. He’s met so many harsh women, he must think at his young age, that most women are like that. Estella, Pip’s first love, looks down on him, and Miss Havisham, confuses him and even tells Estella to break his heart. It is a mystery to know how Pip actually learns what love is with all the confusion from when he was young. Estella does not return Pip’s love when they are young, but when they grow older, she learns to love him dearly as a friend. When Pip traveled to London to become a gentleman, he becomes very close friends with the convict Magwitch. Later, Pip finds out that Magwitch is Estella’s real father, and on his deathbed, Pip, by his side, admits h...

Aib Problem Solution

Aib Homework Wk3 Problem 1 The following data were obtained from a project to create a new portable electronic. Activity Duration Predecessors A 5 Days — B 6 Days — C 8 Days — D 4 Days A, B E 3 Days C F 5 Days D G 5 Days E, F H 9 Days D I 12 Days G Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) a) What is the Scheduled Completion of the Project? (2 points) 32 -> CORRECT b) What is the Critical Path of the Project? (3 points) B,D,F,G,I -> CORRECT 2,4,6,7,9 c) What is the ES for Activity D? (2 points) 6 -> Correct ) What is the LS for Activity G? (2 points) 15 e) What is the EF for Activity B? (2 points) 6 -> Correct f) What is the LF for Activity H? (2 points) 32 -> Correct g) What is the float for Activity I? (2 points) 0 Problem 2 The following data were obtained from a project to build a pressure vessel: Activity Duration Predecessors A 6 weeks — B 6 weeks — C 5 weeks B D 4 weeks A, C E 5 weeks B F 7 weeks D, E, G G 4 weeks B H 8 weeks F I 5 weeks G J 3 week I Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) ) Calculate the scheduled completion time. (3 points) 30 b) Identify the critical path (4 points) B,C,D,F,H c) What is the slack time (float) for activity A? (2 points) 5 d) What is the slack time (float) for activity D? (2 points) 0 e) What is the slack time (float) for activity E? (2 points)4 f) What is the slack time (float) for activity G? (2 points) 5 Problem 3 The following data were obtained from a project to design a new software package: Activity Duration Predecessors A 5 Days — B 8 Days — C 6 Days A D 4 Days C, B E 5 Days A F 4 Days D, E, G G 4 Days B, C H 3 Day G Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) e) Calculate the scheduled completion time. (3 points) 19 f) Identify the critical path(s) (4 points) A,C,D,G,F g) What is the slack time (float) for activity B? (2 points) 3 h) What is the slack time (float) for activity D? (2 points) 0 e) What is the slack time (float) for activity E? (2 points) 5 f) What is the slack time (float) for activity G? (2 points) 0 Problem 4 The following data were obtained from an in-house MIS project: Activity Duration Predecessors A 5 Days — B 8 Days — C 5 Days A D 4 Days B E 5 Days B F 3 Day C, D G 7 Days C, D H 6 Days E, F, G I 9 Days E, F Step 1: Construct a network diagram for the project. Step 2: Answer the following questions: (15 points total) a) Calculate the scheduled completion time. (3 points) 25 b) Identify the critical path (4 points) B,D,G,H c) What is the slack time (float) for activity A? (2 points) 2 d) What is the slack time (float) for activity D? (2 points) 0 e) What is the slack time (float) for activity E? (2 points) 3 f) What is the slack time (float) for activity F? (2 points) 1

The Issue of Discrimination and Antidiscriminatory Practice

The issue of discrimination and antidiscriminatory practice Discrimination is the unfair treatment of a person or group deemed different from ourselves or society. Discrimination derives from our prejudices towards these groups of people who we have developed negative attitudes towards. Family, friends, workplace and society can affect these attitudes. It is part of your job as a social worker to fight discrimination where you find it and for this you adopt the theory of anti-discriminatory practice. Anti-discriminatory practice is the main strategy in combating discrimination.It takes into account how we behave towards other individuals. All employees in a care setting should promote this practice in the workplace as it is key to combating prejudice, in doing so they are trying to eradicate discrimination and promote equality for service users and for staff. 1. â€Å"Whatever the personal characteristics and needs of the individual, everyone has the same rights. Equality of care is a central value to all caring professions and is written into codes of practice and in the government's patient's charter. † Discrimination takes many different forms so carers must be vigilant.One form of discrimination that can be found in the work place is to do with gender, whereby men are favoured over women for high ranking jobs within a company. Physically disabled people face discrimination everyday when due to their condition they are unable to access facilities in their physical environment. Perhaps one of the biggest forms of prejudice in our society relates to race. People who are racially different from ourselves (e. g. coloured, Asian, Pakistani etc. ) can be deemed in some situations less desirable than a British Caucasian.They may also find it more difficult to get a job and once in this job may be met with much racial tension as with the case study below. 2. â€Å"Mr Singh had been a social worker in a local council's children's services department since 199 1. When he became a target for racist remarks by one member of staff and complained, his manager dismissed the incidents as office banter' and told Mr Singh to ignore them as the offender was due to retire shortly. Because of the way the complaint was handled, Mr Singh was branded a trouble maker', and staff relations broke down.The Industrial Tribunal found that the council did nothing to put matters right. Mr Singh was awarded a total of 16,615 in compensation: 5000 for the racial discrimination he suffered and 11,615 for unfair dismissal. So in one way promoting A. D. P is an individual act, it is important that if you see malpractice happening you should take steps to put an end to it. As a care worker you are instilled with a certain degree of power and it is important that this power is used in the correct way and not abused. A. D. P is an essential practice in the profession of social care and is imperative in ensuring equality for all service users, no matter what their indi vidual situation. Promoting it within the workplace is a duty that should be carried out by all individuals working there and is key to providing equality within the service for staff and service users. To do so staff should be well educated about the different types of discrimination and how easy it is to discriminate against someone. Also they should be alerted to types of discrimination language and how this although seemingly small can affect people.Mainly though you should ensure that you individually are not abusing your role and be vigilant of others who may be abusing theirs. Three values that underpin A. D. P are Privacy, Dignity and worth, and the right to choices. All service users should be given the right to privacy. Be given space to themselves when they need it, a little solitude and just time to be on their own. Every person needs and deserves privacy and it is essential that this right is adhered to. Every individual should also be given their dignity, respected and made to feel they as individuals are worth this respect, in turn giving them a more self-respect.This can be especially important in moving and handling or helping with bathing etc. Another important value in A. D. P is the right to choices. This recognises the individual's right to a choice concerning them or their welfare. Whether it be preferences in clothing or alternatives towards diet these choices should be respected. These values influence how we work in the care profession and when adhered to reduce the risk of discrimination in the workplace. Three examples of legislation which underpin A. D. P are: Sex discrimination act 1975 Disability discrimination act 1995 Race relation's act 1976 3.â€Å"The sex discrimination act 1975 states that: Direct and indirect discrimination on the basis of gender is illegal. † It applies to both male and female and makes it illegal to discriminate in employment, education and housing etc. on the grounds of gender. It aims to ensure t hat neither sex is discriminated against and is key to promoting equality between sexes. 4. â€Å"The disability discrimination act 1995 defines disability and encourages employers, transport providers and others to make reasonable efforts to respond to the needs of people with disabilities. This act takes into account the needs of the disabled and enforces society to respond to their needs whether it is access or care. 5. â€Å"Race relations act 1976 made direct and indirect discrimination on the basis of race illegal. The Commission for Racial Equality was set up to implement and monitor this act. † This act made it illegal to take a person's race into account when considering them for a job and made it illegal for people to be racially discriminated against in their workplace, promoting equality for the different races alongside ours, and helping to remove racial tension from the workplace.Each of these pieces of legislation affect how people work in the care profession, they must be taken into account and affect the service provided. They ensure to a certain degree that A. D. P is upheld and that all service users and staff are free from discrimination and ensured equality of service. However this is not always the case so it is important that with these things in mind each care worker is ever vigilant and always promoting A. D. P in the example of their own work.

Descriptive Essay Essay

There are few moments in a person’s life in which they can take a step back from their conscious minds and realize a change in â€Å"direction† or change of â€Å"purpose† within their paths. Most of life seems like a continuous flow of a journey, an ever speeding ride that starts and finishes as the sun’s journey through our day light. We are, when you get down to the core of it, simply a combination of our past experiences and memories. But some of us, few and far between, have experienced a brief moment in history in which we felt the tides of our own oceans turning. The moment is brief. The moment is sometimes small. Yet the moment is forever fleeting. Like a cool breeze that suddenly crosses over the hot sands of our minds, we suddenly are swept up from something that finally brings a new sense of understanding into our lives – ultimately changing us forever. This moment came for me when I was rather quite young. In fact, I was in the middle of my third year of elementary school. Before we go any further down this recollection trip of ours, I will have you know a little about my past. In my younger days, I had been branded as what you may refer to as a â€Å"liar†, but the reality wasn’t found in the sense of that word. Instead of â€Å"lying† in modems of deceit, I simply and honestly believed with all my being that if something was conceived within my thoughts and plopped out of my mouth that it was systematically true. It probably sounds absurd, simply believing in something and taking it as true when there was no evidence behind its conception other than my frivolous thoughts. But that’s how it was, or so I thought, in my world of being. In fact, I vividly remember telling my brother one day that I was actually not his sister, rather a lost princess in need of finding her way home. Where from the cosmos did that idea originate from? Well, since I can’t even tell you, God would be the only one to know. With the daisy chain I labored at making for hours around resting atop my curly locks and birds singing every which way I turned, I was a princess. Nothing that â€Å"reality† presented to me was truer than that. And so time went on. I was a royal princess. I did not eat the last cookie. I had magical powers. Just no one else knew about it yet. Imagination was the all-powerful and ruling force of my world – the seams of reality and dream forever muddled and intertwined. It was like I had not really been born yet, like I was not actually alive, rather just stuck in purgatory of pre-life and had not yet taken the steps into the real universe yet. And then came  third grade. It was Mrs. Alley’s class – she was a rather â€Å"persnickety† as she liked to call it lady who absolutely wouldn’t let anyone get away with anything. She was nice though, I could tell she had a warm heart and I liked her better than my last teacher. All the other kids had done and finished their detailed map of the California state, all colorful and bright from crayons wax. But then there was me – perfectionist who would draw four pencil etchings and then erase five. Mrs. Alley announced that everyone that was done could go outside and begin a game of â€Å"kick ball†, which was the absolutely best part of any school day. I was put in between a rock and a hard place. As everyone else started fileling out of the room, a silence began to pervade the place. Eventually I was alone, sitting in a desk with a half lightly drawn potion of California on my paper. Eventually I just put my pencil down and started to look around the class room. It’s truly amazing how the absence of sound and souls can change a place. As the clock ticked onwards, my mind came to recollect the perfectly printed version of the California map that was resting in the pages of my history section of my binder. One envisioned, there was no turning back. I ran to the other side of the class room and tore my binder from the top shelf, turned the history tab and found my booty. It didn’t take long, the copying of the whole thing and the end product was rather magnificent if I have the right to admit so myself. By the time I was finished though I could hear little third grader feet beginning to scuff on the outside stairs. With the zip of a zipper and a scurry across the room, all proof of the occurrence had been erased†¦ or so it appeared. When everyone had come back in, Mrs. Alley announced that there would be a contest for whoevers map looked the nicest. As she walked around she gave nods and smiles to the other children, but when she came to peer over my shoulder she stopped. With perfect lines and strait edges my map probably seemed like a masterpiece of Van Gogh’s proportions compared to everyone else’s. It all happened rather quickly. The asking, the removing of the binder from the book shelf, the  hol ding of the map up to the window against the original, but all throughout this process a thought formed from within my head and there was no point of return: I had not traced it. I had done it all by myself with my own hands. For all I could have known in that moment I could have been outside the whole time with the rest of my class, but the history of the past hour was completely erased from my mind. It seems odd really, even for me to talk about the thought that I gave myself subject to and belief in, as if almost I am only recalling memories from another world or a half remembered dream. All I can remember from that moment is that from the whole moment is my whole body and being screaming â€Å"No† from every angle, every corner of the depths of my being. But she did not give in, she did not even falter. Eventually we sat alone in her room, fists clenched, face red, and eyes wet and still neither giving in. And then she turned to me and said â€Å"Ok Courtney† with the most unsatisfactory unbelieving persona that I have ever have witnessed in my life. As the car wised by the pine and cedar trees I could still feel the heat of anger come off my face. Why didn’t she believe me? My mom crying from the driver’s seat tried to lecture and yell sense into me. She was a good mom, is and always will be. Neither she nor my father had ever taught me to â€Å"lie† or let me get away with it. The sting of getting spanked had often been upon my bum in my younger years. But I honestly didn’t know what I was doing wrong. The â€Å"lies† I was accused of making were simply given truths in my mind. And then it hit me. Like a hail storm sent from the Greek gods that fell and tore away the bond between me and my fuzzy pink fog of fantasy, the memory. The remembrance of what had really occurred in the class room a couple hours ago. My world wasn’t real, or at least the one I had been creating wasn’t in the least. The bands of the horizon in my life slowly started to unravel and integrate in front of my very eyes. All of a sudden, from the very depths of somewhere in my being, a very distant kind of concrete place that resides behind my head, I heard a voice. Sweet and low, comforting yet powerful I heard a voice that was not of my own in my head. And it seemed to bend down and pull me close as a parent does to their kids after a thunder storm has just passed as it whispered somewhere within me, â€Å"BE ALIVE†. I started to cry, in fact rather mentally break down. And through my tear I finally gained sight of the light of day that penetrated and wished all the fuzzy thick fog of my fantasy  world away.

The Human Respiratory System: Diagnosis Questions

A)How could an infection in Cari’s nasal passage and pharynx spread into her sinuses? a. Her infection was able to spread to her sinuses because her sinuses became an area that her nasal passages and pharynx could drain into. In here the drainage just sat there and became a breeding ground for bacteria. B)What is the Cough Reflex? Describe the process that Cari’s respiratory system is using to clear her lungs by coughing? a. The cough reflex is used to get things like irritants and fluid which causes us to have sputum out of the nasal passage and pharynx.The cilia or little hairs that are in our trachea is trying to move that mucus and crap from her lungs because they don’t want it there so when there is too much mucus it triggers the cough reflex try to get it out to make more room. C)Which structures found in the terminal bronchioles and alveoli normally would protect Cari’s lungs from infectious pathogens and particulate fluid? a. The structure that wou ld normally help with this are the Macrophages. They are normal found in the terminal bronchioles and alveoli. D)How would the resistance of Cari’s airway be affected by excess mucus and fluid in her lungs? . It would cause her airway to have resistance because of the fluid buildup would cause her airway to be smaller in diameter. With all of the fluid in her lungs some of her alveoli would be under this fluid causing them not to be able to work like they should and causing friction. E)How would Cari’s lung compliance (the effort required to expand the lungs) be altered as her alveoli fill with fluid due to pneumonia? a. It would increase I believe because she will be working harder to gases In and out of the alveoli.F)How would fluid in Cari’s lungs affect her total lung capacity? a. Her overall lung capacity would be lowered or decreased because of all the fluid in there. With the fluid in there it is taking up all the space that she would normally use for air which means she can’t get as much air in her lungs. G)How does the elevation of Cari’s respiratory rate alter her minute ventilation? a. It would be alter becaused it would be raised. It raises it because she has more volume in her lungs. H)Normal blood oxygen saturation levels are greater than 94%.Cari’s blood oxygen saturation level was 90% at the time of her exam and an arterial blood gas analysis done when she was admitted to the hospital revealed her arterial Po2 was 54 mm Hg. How do these clinical findings relate to the internal respiration in Cari’s body? a. First a normal resting oxygen level should be 94% or higher with no oxygen supplements. A normal Po2 on a person resting is 40 mm Hg and if it was someone that was exercise it would be even lower so the 90% and 50 mmHg means that the arteries have too much oxygen. I)Which symptoms Cari has described are due to lack of oxygen and reduced oxygen exchanged at her tissues? . When she said â€Å"P anting like a dog†. This would be a symptom of what is going on. J)As Cari’s Pco2 rose, how was the oxygen –carrying capacity of hemoglobin affected? a. It will decrease since the CO2 will take oxygen place on the bus which means she will be getting more oxygen and the CO2 will be taken and gotten rid of. K)How would you have expected Cari’s decreased Pco2 and alkaline blood pH to have affected her breathing? a. Since her pH and Pco2 is decreasing so is her rate of breathing because she is not having to work as hard.

A Review of Zoot Suit, a Book by Luis Valdez

A Review of Zoot Suit, a Book by Luis Valdez In Luis Valdez’s Zoot Suit, the zoot suit has many conspicuous and inconspicuous meanings. The zoot suit is an ostentatious outfit that many Chicano gangsters wore in order to gain recognition of the police and the people of Los Angeles. The boys’ family members believe that the zoot suit symbolizes insubordination while police offers and press view it as delinquency. The boys of the Thirty-eighth Street Gang, who admire the zoot suits, regard the zoot suit as empowering. In the play, there is a clash of opinions as to whether the zoot suit represents power or delinquency. The zoot suit helps many chicano boys of the Thirty-eighth Street Gang identify themselves with the other boys as they face discrimination and aggression from the Downey Gang and police officers. In the beginning of the play, El Pachuco, who is Henry Reyna’s alter ego, expresses his appreciation and passion for the zoot suit. He describes putting on a zoot suit, â€Å"†¦makes [Chicancos] feel real root look like a diamond, sparkling, shinning†¦Ã¢â‚¬  (Valdez 1.1.3). Rather than hiding, El Pachuco displays himself as if he is a radiate gem that all can fawn over because he dresses in style, and therefore should commands respect. The zoot suit gives the boys the confidence and swagger to gain esteem from their fellow boys and the Downey gang, a rival group. The boys use the zoot suit as a uniform symbolizing the ideology of a group of individuals fighting for common goal which was Chicano pride. Even more, El Pachuco, who dons the zoot suit, epitomizes the Chicano spirit because he reminds Henry Reyna to not waver from trying to gain respect from the police. In the end, El Pachuco states he is, â€Å"†¦the ideal of the original chuco was to look like a diamond to look sharp hip bonarro† (Valdez 2.6.16). Therefore, the boys looks up to Pachuco as a genuine symbol of what they are fighting for. The boys feel more formidable when the other boys put on the zoot suit because it gives a sense of brotherhood and community. In packs, the boys feel comforted by the numbers but with the zoot suit, the boys feel invincible. In the eyes of the police and the press, the zoot suit is seen as a symbol of misconduct and malice. After the police disperses the barrio dance and Sergeant Smith detains Henry and the rest of the boys who are main culprits of the Sleep Lagoon murder case, Smith interrogates the boys, and sarcastically comments, â€Å"you pachucos are regular tough guys† (Valdez 1.3.1). By sarcastically insulting the boys for being a bunch of tough guys, Smith is in actuality calling the boys weaklings and therefore, considers the zoot suit powerless and only a symbol of rebellion. Sergeant Smith believes that the zoot suit is just a mere ostentatious attire that makes the boys a target of discrimination. He goes further and declares, â€Å"I hear you pachas wear these monkey suits as a kind of armor. Is that right? How does it work? This is what you zooters need a little old-fashioned discipline (Valdez 1.4.41). Smith again uses name calling instead of properly addressing the boys. The à ¢â‚¬Å"zooter† signifies that Smith utterly shuns the zoot suit and thinks its so ridiculous that the boys wear them. He even goes as far as to question the secret powers of the zoot suit as if to play of the boys emotions and taunt the zoot suit further. Clearly, the police dont take the power of the zoot suit seriously. Even the headlines of the Los Angeles newspaper articles â€Å"Zoot-Suited Goons of Sleepy Lagoon† (Valdez 1.5.15) shows the yellow journalism uses zoot suit in a derogatory term and labeled all Mexicans as Zoot Suits. The press goes further and comments that, â€Å"the Zoot Suit Crime Wave is even beginning to push the war news off the front page† (Valdez 2.6.15) in order to reveal to the audience that wearing zoot suits and being seen in them was considered a crime and a rebellious action that cannot be ignored by even the news. The symbol of the zoot suit bring depth to the play as so many different individuals perceive the zoot suit in their own way. For the boys of the Thirty-eighth Street Gang, it defines their group and intentions. By wearing the suit, the boys make a single stance against the oppression and discrimination by the press and the police officials. However, for the press and police officials, the zoot suit only symbolizes the crime and wrongdoing. They believe that the zoot suit only affirms their beliefs that the boys are reckless. The zoot suit is truly a symbol of the disagreement of individuals within the Los Angeles community.