Lwc1 Flashdb Free Essays

string(302) was the Clean Air Act passed? 1963 What year was the Clean Water Act passed? 1977 What are the elective question goals techniques? *Arbitration †third unbiased gathering hears the two sides and settles on a coupling choice, conceivable honor, no revelation, no class activity, no pulic data of outcome. What is the meaning of an agreement? An understanding between at least two gatherings for the doing or not doing of something determined. Portray the different sorts of agreements. 1) Bilateral and Unilateral 2) Express and Implied 3) Executory and Executed What components does an agreement should be enforceable? 1) Agreement 2) Legality 3) Consideration 4) Capacity What components would comprise a release of an agreement? 1) Material penetrate 2) Minor break 3) Anticipatory break 4) Mutual Rescission 5) Accord/Satisfaction What is a reciprocal agreement? The two gatherings make a guarantee. We will compose a custom article test on Lwc1 Flashdb or on the other hand any comparable point just for you Request Now What is a one-sided contract? One gathering make a guarantee that the other party can acknowledge just by accomplishing something. ex. I’ll give you $10 to cut my yard. If not cut no $10. What is an express agreement? Two gatherings express exceedingly significant terms of their understanding. ex. Where, when, how much, oral or composed. What is an inferred agreement? Words and direct of the gatherings show that they expected an understanding. What is an executory contract? At the point when at least one gatherings have not satisfied its commitments. What is an executed agreement? When all gatherings have satisfied their commitments? On the off chance that there is a breech of contact, what cures are accessible? Injuction †A request compelling somebody to accomplish something or shun accomplishing something. Desire Damages/Restitution †$ required to put on party in the position she would have been had the opposite side played out the agreement. Explicit Performance †In instances of uncommon property court requested to finish the arrangement. Transformation †Court will revamp contract. Depict kinds of adequate performace of an agreement. Severe Performance Substantial Performance What are the Sherman and Clayton Antitrust Acts? Sherman Act of 1890 †first national law to manage rivalry. Clayton Act of 1914 explained the Sherman Act. What are the key arrangements of the Sherman and Clayton Antitrust Acts? *Prohibits all understandings that will â€Å"restrain trade† (Sherman) *Bans â€Å"monopolies† (Sherman) *Prohibits anticompetitive mergers (Clayton) *Tying plans (Clayton) *Exclusive dealings (Clayton) *Bans value segregation †unlawful to charge various costs to various buyers. (Robinson-Pattman Act 1936 a revision to Clayton - ) Describe the assortment of forceful business activities that are unlawful and infringement of antitrust guidelines. Imposing business model - having a restraining infrastructure isn't illicit; utilizing terrible acts to obtain or keep up one is. Savage Pricing †bringing costs underneath cost down to drive contenders out. Tying Arrangements †selling items on the condition the purchaser buys an alternate (or tied) item. Contolling wholesalers or retailers (Retail value support) How is customer credit directed? Through the Truth in Lending Act What government guidelines apply to customer item security? *Federal food, sedate, restorative act *Food quality insurance act What is the job of the Environmental Protection Agency? Screen and secure the air, water and land polution. . . What necessities were indicated by the Federal Trade Commission Act of 1914? Unjustifiable or tricky acts or practices. What is where a legitimate understanding is said to have occured? plan to contract List the kinds of breech of agreements. Material Breach Minor Breach Anticipatory Breach Mutual Rescission Accord/Satisfaction What is an express guarantee? Dealer makes with words or activities that merchandise fulfill certain guidelines. Made three different ways: Affirmation of a reality or guarantee, Description of the merchandise, or test or model. What is a suggested guarantee? Made by UCC code itself, not by a demonstration or explanation of the dealer. What is a disclaimer? An explanation that a specific guarantee doesn't have any significant bearing. What are the restrictions on solutions for break of guarantee and item risk? Restriction of Remedy Clause †Parties may restrain or reject typical cures allowed. What is carelessness? Seller’s direct preposterous. Infringement of a standard of care set by resolution. How does carelessness apply to a maker? Careless Design Negligent Manufacturing Failure to Warn What are the sorts of guarantees? Inferred, Express, Implied Warranty of Fitness, Warranty of Merchantiability. What is exacting risk? A tort convention holding to an elevated expectation each one of the individuals who participate in ultrahazardous exercises. (ie explosives) OR who fabricate certain items. What are the barriers accessible to an activity for carelessness? Contributory Negligence †If the plantiff is even marginally careless she recuperates nothing. Relative Negligence †Plantiff may for the most part recoup regardless of whether she was somewhat mindful. What are the resistances accessible or an activity for exacting obligation? None †a respondent participating in a ultrahazardous movement is for all intents and purposes consistently at risk for any mischief that outcomes. Rundown the cures accessible. Compensatory Damages †stream legitimately from contract. Important Damages †result from the one of a kind conditions of the specific harmed party. (Recoverable just if breaking gathering ought to have anticipated them). Coincidental Damages †Minor costs a harmed party causes reacting to a penetrate. What are the fundamental arrangements of the Sarbanes †Oxley Act? *Created an open organization bookkeeping oversight board *Revising inspector freedom rules *Revising corporate administration measures *Increasing criminal punishments for infringement What are the privileges of the investors? Right to data †including minute book, bookkeeping records, and investor records. *Right to cast a ballot *Right to Dissent *Right to assurance from different investors. What plan of action do sharholders have against organizations if investor rights are damaged? Subsidiary Lawsuits †Shareholders sue company, yet harms go to partnership. *Dir ect claims *Class Action What are the key arrangements of the Securities Act of 1933? Prior to offering or selling protections, the guarantor must enroll the protections with the SEC, except if the protections meet all requirements for an exclusion. What are the revelation prerequisites of the Securities Act of 1933? Starting point by point data explanation when the organization first registers. How did Sarbanes †Oxley change the exposure prerequisites of the Securities Act of 1933? Added to the 1934 Securities Act by requiring CEO and CFO to guarantee that: *The data in the quarterly and yearly reports are valid. *The organization has compelling inner controls. *The officials have educated the company’s review board of trustees and it inspectors of any worries that they have about the interior control framework. What year did the Sarbanes †Oxley Act pass? 2002 How might you characterize business morals? The investigation of how individuals should act. What is engaged with building up a moral culture in an association? Administrators setting the model and preparing. What year was the Clean Air Act passed? 1963 What year was the Clean Water Act passed? 1977 What are the elective contest goals methods? *Arbitration †third impartial gathering hears the two sides and settles on a coupling choice, conceivable honor, no disclosure, no class activity, no pulic information of result. You read Lwc1 Flashdb in classification Article models *Mediation †Neutral gathering cajoled two questioning gatherings toward volunatry settlement. No choice made by go between. *Negotiation †List the sorts of courts. State Courts = Trial Courts Government Courts = Trial Courts and Specialty courts (chapter 11, charge, and so on) Appelate Courts = Describe the National Labor Relations Act of 1935. Otherwise called Wagner Act. 1) Created NLR Board to uphold work laws. 2) Prohibits managers from punishing specialists who take part in association action. 3) Requires businesses to deal â€Å"in great faith† with associations. Descirbe what COBRA is, and when was it passed? Merged Omnibus Budget Reconciliation Act went in 1985. Rule gives that previous workers be permitted to proceed with medical coverage for year and a half in the wake of finding employment elsewhere. Portray what the Fair Labor Standards Act is and when it passed? Manages wages and cutoff points kid work. Gone in 1938. 1. 5 time paid for extra time. Youngsters under 14 may just work in farming and amusement. 14-15 constrained hours after school. 16-17 boundless hours in non-unsafe. Descirbe what comprises unfair release under the law. Improper release disallows a business from terminating a laborer for an awful explanation. They fall into three classes. 1) open arrangement †disallows boss from terminating somebody for an explanation that abuses fundamental social rights, obligations, and duties. ) contract law-composed or oral guarantees made during the employing procedure can be enforceable. Worker handbook makes an agreement. 3) tort law †maligning; giving a bogus or negative reference about a previous representative, or â€Å"Intentional Infliction of Emotion Distress †businesses who overlook barbarous treatment of their workers face obligation under tort of de liberate punishment of enthusiastic pain. Clarify the duties of OSHA. Holds bosses to a working environment â€Å"free from perceived dangers that are causing or liable to make demise or genuine injury representatives. Reviews working environments to safeguard that they are sheltered. Depict the central matters of the Americans with Disabilites Act of 1990. The ADA forbids bosses from separating based on handicap as long as could reasonably be expected, with sensible accomodation, pe

Writing Resources for Teenagers

Composing Resources for Teenagers Composing Resources for Teenagers Composing Resources for Teenagers By Ali Hale I know from the remarks that loads of youngsters read Daily Writing Tips, and as a previous high school author myself, I needed to offer a portion of my tips and most loved assets. I’ve been recounting stories for whatever length of time that I can recall †even before I could compose, I made up stories to advise to my mum and infant sibling. As a teenager, I composed a sci-fi novella (around 40,000 words) matured 14/15. I despite everything have it concealed in a closet in my parent’s house. Here’s a portion of the counsel I could have finished with in those days (I’m going to concentrate on high schooler fiction scholars here, yet you’ll locate some helpful connections if you’re a blogger or true to life essayist as well. A ton of the locales referenced are incredible for under-13s as well, and a lot of the great composing counsel applies to grown-ups, not simply youngsters!) Ali’s tips Before I get to the rundown of assets, I’ll give you three brisk tips that helped me as a teenager essayist. 1. Join a writers’ circle or night class †I began going to one when I was 14 and remained until I left for college matured 18. I was the most youthful part by far, yet I was made exceptionally welcome and I took in a tremendous sum. 2. Compose each day †I used to jot away in the school library in my lunch-break, and my folks gave me a word processor (more like a celebrated typewriter than a PC) when I was 15. (Matured 16, I found a web based composing game, and the remainder of my composing everything except halted for two years†¦) 3. â€Å"Borrow† plots from works of art †The main stories I composed that I was content with, matured 12, depended on Beowulf (see an examination control for this book here) and the Ballad of Semmerwater (the two of which we were concentrating in English class). Youthful Writer Magazine I used to peruse this when I was around 12, and afterward it quit being distributed for a considerable length of time. It’s being distributed normally once more (hurrah!) however somewhat late for me. It caters for journalists under 18, and distributes children’s and teens’ fiction and verse. You may experience difficulty discovering it on the magazine racks if you’re outside the UK, yet you can buy in on the Young Writer site, any place you live on the planet. (I likewise suggest perusing general composing magazines focused on grown-ups †these will have a lot of articles focused on fledglings, and give you a genuine feeling of the distributing business.) Rivalries Open to Teens One of my genuine disappointments as an adolescent essayist was that Writing Magazine’s rivalries were possibly open on the off chance that you were 16+ (because of granting money prizes). Cheerfully, there are bunches of youngster explicit composing rivalries. Here’s only two or three them: TooWrite (run by Young Writer) which is available to authors matured 16 and under, of any nationality. The prizes on offer are extraordinary, as well; your stature in books if you’re under 10, the length of your foot in CDs if you’re 11-13, and your age in number of DVDs if you’re 14-16. The Green Story Teen Version (Link not, at this point dynamic) †This is where you can present a part of a community novel. The sections get decided on and the best one turns out to be a piece of the novel. On the off chance that you google composing rivalries, youll discover a lot of connections and watch out on noticeboards at school, in book shops or at open libraries for neighborhood rivalries. Online Articles In the course of recent years, I’ve run over some superb online articles focused on teenager journalists. Here’s a not many that I suggest perusing: From Vision: A Resource for Writers: Being a Teenage Writer †by Lorianne Watts (matured 17 at the time she composed the article). Five Practical Tips for Young Writers †by Beth Adele Long, the partner proofreader of Young Writer’s Scene. (NB: something isn't right with the organizing of this one; on the off chance that you reorder the entire thing into Word, it’s lucid!) Helping Younger Writers by Lazette Gifford, the proofreader of Vision. Focused on grown-ups who need to support more youthful journalists, however give it a read if you’re a high schooler as well. Beginning: A Guide for Young Writers by Victoria Hastings (who had her first paper distribution when she was in the fifth grade). Articles from somewhere else: Rules for Teen ProBloggers †from ProBlogger. Incredible counsel on the off chance that you need to get into proficient (for example cash making!) blogging. Tips for Young Writers †from Zoe Marriott (who composes for a youthful grown-up crowd). She responds to a few peruser inquiries here. 10 Things Teenage Writesr Should Know About Writing †fair exhortation, amusingly advertised. I wish I’d read this when I was fourteen†¦! Suggested books Have a go at acquiring, asking or purchasing duplicates of a couple of good books on composing. These will in general be focused on grown-up (or undergrad) essayists, however the guidance is normally direct and flawlessly reasonable for learners. Two of the books I’ve discovered extremely helpful are: Nigel Watts’ Teach Yourself: Writing A Novel And Getting Published †I’ve had my duplicate since I was 14 (I despite everything got it with my birthday cash in 1999) The cover’s nearly tumbled off now, which shows how valuable it’s been throughout the years! Palgrave’s How to Write Fiction (And Think About it). This is focused on understudies, and goes into a great deal of profundity and hypothesis about fiction composing †yet I’d recommend giving it a go in any case. On the off chance that you’re a wise high schooler, you can deal with it. Your school bookkeeper might have the option to suggest some great books, and in the event that you know any grown-up scholars, take a stab at asking them. NaNoWriMo I’ll end this article by pointing you towards NaNoWriMo (National Novel Writing Month), which begins on November first. Challenge yourself to compose a 50,000 word novel in only one month †countless individuals get included each November, and there’s a committed Young Writers’ program for children and teenagers (where you set your own objective number of words). On the off chance that you’re matured 13 †17, you can pursue the Young Writers’ program or the principle site. It is phenomenal to get notification from some of Daily Writing Tips’s high schooler scholars †we know you’re out there! What are you chipping away at right now? Do you compose fiction, a blog, or something different totally? What do you discover best and most noticeably awful about being a high schooler essayist? Need to improve your English in a short time a day? Get a membership and begin accepting our composing tips and activities day by day! Continue learning! Peruse the Fiction Writing class, check our famous posts, or pick a related post below:Direct and Indirect ObjectsLoan, Lend, Loaned, LentKn-Words in English

How to Solve a Brain Teaser in a Job Interview

How to Solve a Brain Teaser in a Job Interview You might be more familiar with seeing brain teasers in the end pages of a newspaper, but some industries also use them as part of the interview process. But what are brainteasers for in job interviews and how can you solve them? © Wikimedia Commons | CepheusWe’ll explain the 1)  purpose of brain teasers and provide you some of the 2)  most common teasers used in job interviews. We’ll also give you tips on 3) how to prepare for a job interview and 4)  the three-step approach you should use to solve a teaser.WHAT IS A BRAIN TEASER?Brainteasers are not a new invention, as we humans have been interested in puzzles for a long time. In fact, one of the earliest brainteaser enthusiasts was Greek mathematician Archimedes, who used to devise mathematical problems for his fellow citizens to solve.So, what are these brainteasers? The Cambridge dictionary definition states brainteasers to be “a problem for which it is hard to find an answer, especially one which people enjoy trying to solve as a game”.Brainteasers are therefore types of puzzles and they require plenty of thought to answer. Typically, brainteasers require quite a bit of out-of-the-box thinking. The answer is not an easy one to find, but the pers on must use lateral thinking and intuitiveness.The focus of a brainteaser is usually on a puzzle or a specific problem. This excludes many other types of questions, which might be challenging, but won’t count as a brainteaser. This includes things such as:Tough technical questionsValue based questionsFailure or weakness based questionsWhile these might be challenging questions, they aren’t brainteasers.Brainteasers are typically found in newspapers and magazines, as something fun for the reader. But they’ve also found their way into the world of job interviews. The popularity of brainteasers depends a little about the industry, as well as the country. Nonetheless, it is a good idea to understand brainteasers, in case you ever find yourself in a situation where you’re presented with a brainteaser.Lets start by looking at some simpler brain teasers.[slideshare id=48369850doc=brainteasers-150520060632-lva1-app6891w=640h=330]We’ll explore the use of brainteasers in job intervi ews in more detail below, but it’s now time to look at some examples of commonly used brainteasers.EXAMPLE BRAINTEASERSWhen it comes to brainteasers in job interviews, the questions often fall under two categories: questions with correct answers and questions with no correct answer.Questions with a correct answerQuestions with correct answers are often math questions. Therefore, they are typically used in technical and finance industries, which require good mathematical skills and logical thinking.Below are a few examples of these types of brainteasers. While the wording or the examples used may not be the same, the examples provide the most common type of brainteasers you could expect. We’ve included the answers to these questions, but try to guess the answer first before checking!Example brainteaser 1:  You roll two fair dice, what is the probability that the sum is 9?Example brainteaser 2:  If time is 3:15, what is the angle between the hour hand and the minute hand on a cloc k?Example brainteaser 3:  You’re in a room with three light switches, each of which controls one of three light bulbs in the next room. Your task is to determine which switch controls which bulb. All lights are initially off, and you can’t see in one room from the other. You may inspect the room only once. How can you know which switch is connected to which light bulb?Example brainteaser 4:  What can you hold without ever touching, or using your hands?Answers to the brainteasersBrainteaser 1: The possible pairs of dice are: 3+6, 4+5, 5+4 and 6+3. Probability is therefore 4/36=11%.Brainteaser 2: 7.5 degrees. The hour hand moves around every 12 hours, which is 360 degrees in 12 hours or 30 degrees per hour. At 3, the hour hand points exactly at 3. This means that 15 minutes later, the minute hand is pointing at 3 and the hour hand is pointing 7.5 degrees past it.Brainteaser 3: Assign the switches with numbers 1, 2 and 3. Leave switch 1 off. Turn the second switch on for five minut es and turn it off. Turn switch 3 on and leave it on. Enter the room. The bulb currently on is controlled by switch 3. Feel the other bulbs for heat. The bulb, which is off, and warm is controlled by switch 2. The cold bulb is switch 1.Brainteaser 4: Your breath.Questions with no single correct answerBut job interviews often aren’t about testing your math skills, but are more focused on your logical thinking and creativity. This is why they often tend to use brainteasers with no correct answer.These are designed to find more about your approach to solving a problem and your ability to think on your feet. These brainteasers are not as much about the answer you give, but the way you go about solving them.There are two types of questions with no correct answers: the questions with a logical solution and often a possible correct answer, and the questions that aren’t possible to solve in any sensible way, but aim for a creative answer.Check out these hard to solve brain teasers and h ow to solve them.[slideshare id=36538567doc=hardtosolvebrainteasers-140702012330-phpapp01type=dw=640h=330]Again, we’ve added some common brainteaser examples, which are popular in job interviews. We’ve also included a few ways you could answer these questions.Example brainteaser 1:  If you had 5,623 participants in a tournament, how many games would you need to be played to determine the winner?Example brainteaser 2:  How many quarters of pizza do Americans eat a month?Example brainteaser 3:  How many footballs can fit inside a Boeing 747?Example brainteaser 4:  How would you move Mount Fiji?Example brainteaser 5:  Why are manhole covers round?Answers to the brainteaserAs you probably noticed, questions 1 to 3 can be answered with a near correct answer. In fact, if you had access to the required data, it would be possible to answer the questions correctly. But in a job interview, the focus is more on estimates and whether you take all the different aspects of the questions into account.Below answers are therefore focused on the averages and the focus is on the things you should consider when giving the answer.Answer 1: There are potentially an unlimited number of answers to this brainteaser. The point here is to ask questions. Questions you need to ask to solve the brainteaser include:Are the participants individual competitors or members of bigger teams?If teams, what is the number of teams?What is the tournament structure? Single elimination rounds or do each team get to play a specific number of games?Answer 2: To answer this question, you need to have an estimate of the population of the US, make a guesstimate on how many people eat pizza. After that guesstimate how many slices a person would eat and how often in a month. Then you can calculate the average size of a pizza.For instance, the figures could look something like:Population around 300 millionTwo out of three eat pizza - 200 million eat pizza.Average person eats two slices of pizza twice a mon th, meaning four a month.The average slice is six inches at the base and ten inches long - 30 square inch - four slices is 120 square inches.One square foot equals 144 square inches and on average one person would eat around one square foot per month, if you round up the answer.200 million times one square foot = 200 million square feet of pizza a month.Answer 3: You’ll need to consider the size of a Boeing 747 and the size of an average football. Boeing 747 has a passenger volume of around 876 cubic meters, with cargo volume of 159 cubic meters. The average football is 22 inches in diameter. The average would therefore be around 47,000 balls.Since the focus is not on the correct answer, you should consider asking extra questions. For example, are they talking about football (soccer) balls or American footballs? Can you use the fuel tank and does the airplane have seats attached?The final two brainteasers, on the other hand, don’t have an actual answer. For example, moving Mount Fiji from one spot to another isn’t really a logical question, as you wouldn’t be able to do so. The idea is, therefore, to focus on how you approach the question and how good you are thinking outside of the box.Answer 4: The questions, popularized by Microsoft according to reports, can be answered in a numerous different ways. Here are some of the possible solutions:Mount Fiji is already constantly moving, as the Earth is rotating around its axis.You could create a massive earthquake, which could shift the mountain.Take a picture of it and carry the image elsewhere.Take a piece of the mountain from the right and add it on the left. This would continue to move the mountain.Answer 5: This is another out-of-the-box kind of questions. The possible answers could include:Because manholes are round and any other shape wouldn’t fit it.A round manhole cover is easier to move, as it can be rolled.Circular covers are easier to place on the opening, since they don’t require precise al igning.Some further examples of brain teasers and how to solve them. WHY DO INTERVIEWS USE BRAINTEASERS?Whilst we can agree that brainteasers are a fun way to spend a few minutes (or hours!), but what is the reason behind job interviews using them.As mentioned above, the idea behind brainteasers in an interview isn’t about finding the correct answer, but more about the journey to an answer.In fact, the candidate’s ability to answer a brainteaser (right or wrong) can reveal more information to the interviewer and help the interviewer understand whether the person is the right fit for the role.Brainteasers generally help the interviewer to analyze the candidate’s proficiency in:Problem solving â€" How fast can you analyze the problem in question and come up with a possible solution?Critical thinkingâ€"Are you able to see the big picture and evaluate all the different options and aspects behind the question?Analytical skills â€" What is your ability to analyze different pieces of data and use them to determine probability? Are you able to make calculations based on the information you have available?Creativity and out-of-the-box thinking â€" Can you take an innovative approach to problems? Can you see past the ‘obvious’ solutions and surprise the interviewer with a fresh approach?Their ability to think on their feet â€" Are you able to come up with a solution even when you haven’t been able to prepare for it?Their ability to perform under pressure â€" Will you be able to remain calm and composed even when you’re presented a tricky brainteaser?When faced with a brainteaser, you should always remember the focus is not so much on the actual answer, but the way you approach the problem.Jean Eisel, director of the Career Management Center at Duke’s Fuqua School of Business, told Monster, “You don’t necessarily have enough information to give the answer. They’re (interviewers) really looking at how people process information”.HOW TO PREPARE FOR BRAINTEASERS?Since job interviews don’t always follow a similar pattern, it’s impossible to know whether you have to answer a brainteaser or not. Your interview success won’t be determined by how well you answer a single brainteaser, so don’t make it the central focus of your interview preparation.Nonetheless, it can be helpful to understand some of these basics beforehand, as you’ll be more able to stay calm and composed in case a brainteaser comes up. The focus of your preparation should be on understanding what brainteasers are, what the interviewer is trying to measure with it and how you can go about solving them.Go through the examples above to understand the different kind of brainteasers. You can find further brainteasers online and even watch the video below for some common brainteasers. HOW TO APPROACH A BRAINTEASER?The final part of your preparation and understanding of brainteasers should involve the right approach to solving the problem. There are three steps to approaching and solving a brainteaser and you should use this tactic in a job interview.Step 1: Take a moment to understand the questionFirst, if the interview asks you a brainteaser, stay calm and take a deep breath. Don’t blurt out the first thing that comes to your mind. A good trick is to repeat the teaser aloud while you gather your thoughts and analyze the kind of question you are presented with.Think whether the problem has a single solution or is it a more open-ended question. What are the interviewers looking for with the question?For example, if the problem is a simple math question, you can start working on the solution. On the other hand, if it seems like a creativity question, such as the Mount Fiji, one, start thinking a fun and innovative answer.Step 2: Clarify any issues you might haveDon’t be afraid to ask questions. In fact, it’s going to tell the interviewer a better ability to solve problems and be analytical if you do. Follow-ups also give you a little more time to think and gather your thoughts.It is often possible to use pen and paper to make notes. You can also use them to draw graphs and to visualize your answer and approach. This can show the interviewer your ability to analyze and think about the big picture.Step 3: Explain your thinking processFinally, you should explain your thinking process behind the answer, not simply blurt it out. You can present your abilities to solving complex problems, as well as highlight your creativity, by talking through your thinking process and the approach you took.For example, on the Boeing 747 question, you don’t want to simply answer with the final estimate. Instead, go through the different sets of data you need to know, the way you reached to your estimates and how you then calculated the final answer.If you had no idea of the size of a football, you should explain what estimate you used. For instance, you could say that you assume a football is slightly smaller than basketball, which you play and therefore, you estimated the ball to be about 22 inch.Remember, the focus should be on your thinking process and logical thinking skills, not whether or not you used the exact data or numbers. Even in the questions with a single correct answer, you can salvage points by highlighting the approach you’d take and the honesty of winging it if all else fails.IN CONCLUSIONBrainteasers are not the most common part of today’s job interviews, but certain companies still regularly use them. It can therefore be helpful to understand why you might come across them and the approach you should take to solve them.You shouldn’t ever stress about brainteasers too much â€" they are more about analyzing your creative and problem solving skill than a correct answer. Always keep a cool head and focus on explaining your approach and the thinking behind your answer.Image credit: Wikimedia Commons | Cepheus under the public domain.

Christina Contreras. Mr. Limon. Erwc. 01 March 2017. The

Christina Contreras Mr. Limon ERWC 01 March 2017 The Relevance of Neil Postman’s Assertions in Today’s Society: Huxley’s Brave New World could be considered almost prophetic by many people today. It is alarmingly obvious how modern society is eerily similar to Huxley’s novel with the constant demand for instant gratification encouraging unnatural changes. Neil Postman, a contemporary social critic, seems to have noticed this similarity as he has made very bold, very valid statements regarding the text and its relevance to our world today. This statement is strongly in support of those statements and will provide both support and counterargument in an effort to thoroughly explain why. According to Postman, â€Å"Huxley feared the truth would†¦show more content†¦In the novel, there is the same problem when Linda sleeps with the husbands of other women in an effort to achieve sexual stimulation. As a result, women â€Å"[began] hitting her with a whip...and each time Linda screamed† (134). Also, when Bernard completely loses his social status after John refuses to show up to one of his parties, he â€Å"...began to weep†¦[and later] took four tablets of soma† (182). Bernard, in an attempt to reach something he absolutely loved--attention and social approval--ended up filling himself with a drug addicting enough to put his mental health in danger. Considering people today take whatever drug they can to avoid feeling sad, Portman’s quote prevails. Lastly, when John tries to defend morals like being chaste, he is rebuked by Mustapha Mond, who says, â€Å"...chastity means passion [and neurasthenia], [and those things] lead to instability...and instability means the end of civilization† (239). Later, when he begins whipping himself as an act of self-discipline, he is encouraged to continue by a crowd of desensitized people saying, â€Å"Do the whipping stunt. Let’s see the whipping stunt† (257). Both these quotes support Postmanâ⠂¬â„¢s take on Huxley’s fear, which go, â€Å"Huxley feared [society] would become a trivial culture, preoccupied with some equivalent of the feelies, [orgy-porgy, and centrifugal bumblepuppy]†. All the New Society cares about is pleasures that mean nothing in theShow MoreRelatedNeil Postman s Assertions And Today s Society990 Words   |  4 PagesChristina Contreras Mr. Limon ERWC 01 March 2017 Neil Postman’s Assertions and Today’s Society: Huxley’s Brave New World could be considered almost prophetic by many people today. It is alarmingly obvious how modern society is eerily similar to Huxley’s novel with the constant demand for instant gratification encouraging laziness, greed, and entitlement. Neil Postman, a contemporary social critic, seems to have noticed this similarity, as he has made bold, valid statements regarding the text and

African Storytellers, By Chinua Achebe s Things Fall...

African storytellers utilize a variety of techniques as a way to convey a message to the intended audience. Illustrating the specific gender roles dictated by African society while explaining why they must be broken is a technique used to validate the importance of women in society. While most African societies are male led or dominated, storytellers craft social commentary to establish the relevance of feminine influence on the success of these societies. Both Chinua Achebe in Things Fall Apart and Sembene Ousmane in God’s Bits of Wood employ the technique of exploring the defined gender roles while pushing their limits to achieve success as a society. While Achebe focuses on a male character, Okonkwo, and Ousmane focuses of a group of female characters, both storytellers are using the technique to reveal the same message; the importance of femininity in African society. The technique employed by both storyteller’s is essentially the same, despite the fact that it is being applied to characters of opposite genders. The storyteller examines the gender roles set forth by African societies while making arguments for why these roles must be challenged. In the case of examining a male character in Things Fall Apart, Achebe portrays what occurs if these gender roles are kept as society dictates. In contrast, in God’s Bits of Wood, Ousmane depicts a potential outcome if women challenge their gender roles. While these situations are very different, both storytellers reveal

Fin111 Financial Markets and Economic Principles Free Essays

string(28) " the 10th straight meeting\." [pic] Financial Markets and Economic Principles (FIN111) Assignment Answer Template |Students: Please enter |Word count | | |your word count for this |I have read the Assignment Guide in the Subject Room and have applied the word count | | |assignment |principles to my work. | | |My word count for this assignment is | | | |5368 words | | | | | | Marker feedback Comment on overall performance: |For marker use only. | |Students begin your assignment answers on the following page. We will write a custom essay sample on Fin111 Financial Markets and Economic Principles or any similar topic only for you Order Now | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Begin your assignment answers from this point. Section A – Question 1 †¢ Describe the operations of each company JB Hi If – Is an Australian owned and operated company established in 1974. Due to the success of the business model and the growing retail sector in July 2000 JB Hi Fi was purchased by private equity bankers and senior management with the strategy of taking the model nationally. With a strong sign of the success of the business in October 2003, JB Hi Fi was floated on the Australian Stock Exchange. JB Hi Fi has proven to be one of Australia’s fastest growing and largest retailers of home entertainment. Looking to build on the successful model and expand their operations in July 2004, JB Hi Fi bought the Clive Anthony chain of retail stores who competed in the same retail space. Harvey Norman – Is an Australian based retail provider of electrical, furniture, computer, entertainment and home goods. They have over 230 stores in Australia and abroad in countries including New Zealand, Slovenia, Ireland, Malaysia, Croatia and Singapore. Harvey Norman has implemented a unique strategy to the Australian retail market through their operating structure, in that each store department is operated by a separate franchise. Therefore these superstores are a combination of more than one business with each franchisee (computer, bedding, electrical) contributing to the gross revenue of Harvey Norman Holdings Ltd. This is achieved through their individual lease payment and a percentage of their sales. The individual departments have their own checkouts for its products and warehouse space is shared by the separate franchisees. Harvey Norman Holdings Limited is also a franchisor of other well known retail chains including Domayne, Joyce Mayne and others. †¢ Consider the key factors that may affect the performance and the share price of the companies in the short and long term Given the fact both companies are competitors in the retail sector, key factors affecting their performance will be quite similar. They both heavily rely on the consumption of the â€Å"Household Sector†, this helps drives revenue through their operations. A concern therefore would be given the challenging economic times there is a decrease in domestic spending. With households adversely increasing their savings as anxiety over the sovereign debt crisis in Europe escalates and general unease in regards to the global economy. This is also reflected through the â€Å"Business Cycle† as it is my belief we are currently within a â€Å"Contraction to trough† period which is reflective of a decline in retail sales. This decline has been seen nationwide through the whole retail sector as organisations battle to lower prices to remain competitive when demand isn’t strong and still attempt to retain a profit. Some retailers have opted for longer trading hours and there is also concern over the moving trend towards internet shopping. JB Hi Fi currently have a strong focus on online shopping which has helped them maintain consistent sales results. Harvey Norman have moved to online shopping only in July of 2011, and has big ambitions with Gerry Harvey stating â€Å"I’ve told my team I want them to turn over $100 million within 2-3 years and then take it to $1billon within 5-10 years†. The decline is also reflected in the ABS August Key Figures report for monthly turnover within the retail sector which saw department stores post a -0. % fall in July to August 2011. Also a long term concern for both companies would be that if global equity markets do recover and inflation rises that will lead to a rise in interest rates which would further affect the Household sector through their discretionary spending. The fluctuations of the Australian dollar will impact both companies as the stronger Australian dollar lowers the prices both enterprises can charge consumers. Increasingly consumers are buying electronics online both domestically and international, with the resilient dollar giving them an incentive to shop abroad. Question 2 ) JB Hi-Fi and its network of retail stores is an intermediary. They are an intermediary between the large electronic manufacturers (Sony, Samsung, Panasonic) whose products are sold in store and the general consumer in the household sector. The large manufactures are able to meet the order demands of the organisation and JB Hi-FI in return supplies the broad market with the products. The consumer is provided with a product at a competitive price and JB Hi Fi earns a margin on the product for the service. 2) JB Hi-Fi also uses an additional intermediary to increase their exposure in the sector. They have purchased Clive Anthony which was another established retail electrical chain. They own Clive Anthony however it continues to operate under its original trading name. All revenue is attributed to the JB Hi FI Limited organisation. 3) Harvey Norman Holdings Limited is well known for using a number of intermediaries within their own organisation. They have fragmented each department (bedding, electrical, computer) of their organisation to be an individual franchise or â€Å"intermediary†. With each franchisee contributing to the gross revenue of Harvey Norman Holdings Limited. This provides each department the ability to specialise and deliver expert service to their consumers. Other financial intermediaries Harvey Norman would include its acquired retails chain Clive Peter’s and the number of overseas retail operations it owns which contribute to its net profit. Question 3 Question 3: Impact of monetary policy Justify the Reserve Bank’s decision on interest rates announced on 4 October 2011 †¢ The factors that influenced the Reserve Bank’s decision and the likely impacts on the domestic economy The Reserve Bank nominated on the 4th of October to keep interested rates on hold for the 10th straight meeting. You read "Fin111 Financial Markets and Economic Principles" in category "Essay examples" The factors influencing this decision were concern over global financial markets and fears world economies may be sent into global recession. Previously during the Aug-Sep meetings there had been a deteriation in the markets and between Sep-Oct meetings that had been a further substantial deteriation of global markets. The RBA acknowledged that domestic growth would weaken in the coming quarters. Europe’s sovereign debt issues are a major concern to the RBA and a contributing factor to rates remaining on hold. It has caused major volatility to global markets, with growing uncertainty in regards to a solution and its impact on banks in Europe. It is also affecting the outlook for Global Economic growth. The RBA will continue to assess market developments as well as the general indicators it follows including economy and inflation data. A benefit for the domestic economy is the RBA stated it had a bias to easing and that a rate cut could occur if September Quarter CPI data due on October 26 showed a moderation in prices †¢ The impact on the share market as a whole and the share price of your chosen companies The immediate impact on the share market following the RBA’s decision was negative. The SP/ASX 200 closed down 0. % or 24. 9 points to 3872. 1 points, with the All Ordinaries down 0. 6% or 25. 1 points to 3935. 6. Also the Australian dollar slumped to a 13-month low of $94. 6 US cents. Despite an optimistic start to trading on the day with the market overcoming a negative lead from the US, the RBA’s decision had plunged the markets back into negative territory. JB Hi-Fi was down 60 cents to $14. 30 No t a substantial impact to HVN which was up 2cents from the close the previous day. †¢ Whether the impact on the share market as a whole differed from the impact on your chosen companies The negative impact of the decision by the RBA was shared by both the market itself and the individual holdings of JB Hi Fi Limited and Harvey Norman Holdings Limited. The decision had a significant impact on the performance of consumer exposed stocks such as JB HI FI and Harvey Norman. Question 4 JB HI FI posted its first profit slide since the stock floated in 2003. There were some contributing factors to this performance including a restructure of its Clive Anthony’s stores and a negative sales growth for July. JB Hi-Fi reported on August 8th 2011 that full year net profit fell 7. 5% to $109. 7 million on sales of $2. 6 billion, up 8. 3%. The slip has been attributed to the $24. 7 million in costs to restructure its Clive Anthony stores. Annual comparable sales fell 1. 2% Despite the daunting outlook for the retail sector JB Hi FI have stated they expect another solid group sales performance for this financial year, with full year sales to rise 8% to 3. 2billion. JB Hi FI i s expecting that the Christmas period will be successful also timing with a number of new product releases. However due to the profit results and weak July sales on August 9th JB Hi-Fi shares closed down 35 cents at $14. 00 Harvey Norman announced a net profit after tax of $252. 6 million for the financial year ending 30 June 2011, which is up 9% on the 2010 financial year. These results were released in its 2011 annual report. The franchises within the organisation continued to provide the stability in the overall performance of the group. Owner Gerry Harvey stated â€Å"we have a strong balance sheet underpinned by a $2. 04 billion property portfolio and generate strong free net cash flows from our franchising operations segment† Total revenue for the year was $2. 7 billion, which has increased from the 2010 figure of $2. 45 billion according to the results statement. Harvey Norman experienced an increase in consumer transactions despite revenue being down, this was caused by the strong Australian dollar reducing prices on imported goods. Despite the retail sector weakening in reflection of global markets Harvey Norman franchisees have experienced strong customer traffic and transactions. Also stronger results generated by retail operations in Singapore, Malaysia and Slovenia have increased profitability by $4. 65 million before tax collectively compared to the previous year. Despite challenging macroeconomic conditions, the outlook the retail, franchise and property system of the company remains positive. An important addition to the business moving forward in the first half of 2012 financial year will be the launching of our e-commerce site for Harvey Norman. Harvey Norman states they are confident there online transactional strategy will produce incremental dollars to the existing channel. Harvey Norman closed 1cent higher after releasing its annual report at $2. 15 on August 29th. Question 5 †¢ Explain the correlation of returns from the asset classes – Cash- Is looking to be a stable and reliable asset class in the 2011 calendar year. It will provide necessary stability to investor’s profiles. However will remain relatively unattractive reflecting low interest rates. Some important considerations for the RBA in determining any movement in monetary policy is the strength of the Australian dollar relative to trading partners, in particular the US. It is anticipated the RBA will lift the cash rate to 5% before the end of the year Fixed Interest – Will provide stability with a higher yield than cash given there is an element of risk. Savvy investors will look to this sector as global equities remain volatile and fixed interest provides the ability to stabilise returns. Large parts of the credit market in particular Australian credit offer reasonable value especially if the global growth outlook commences an incline. Equity – Global equity markets outlook remains extremely volatile. This outlook is reinforced by the RBA’s recent decisions to keep interest rates on hold and even suggest they may be deducted in the future. The cause for concern has moved on from the Sub Prime Crisis of 2008 and is now centred on government sovereign debt in the US and particularly in Europe and the PIGGS (Portugal, Ireland, Greece, Spain). Of major concern is whether Greece will default on its loans and the potential impact on world markets. This is playing out at the moment with recent developments within the EU with a bailout fund and more recently revision of the size of the fund. This has provided huge amounts of volatility in the market and it seems it will play out most of the year, with a potential default if not avoided of Greece in early 2012. There is plenty of value long term in equities currently with stocks undervalued however you must be prepared to accept volatility in the short to medium term. Property – With improving international economic conditions, a local economy with good foundations and quality property managers achieving attractive terms on financing, prospects for high grade property investment remains attractive. Australian direct property will continue to perform well and prospects for the sector are high especially in commercial and industrial property. The retail sector could be a danger given the challenging times being experienced in the Australian consumer sector †¢ Provide a forecast of which asset class you believe will provide the best returns in 2011 Due to global economic growth picking up in 2011 with various predictions at around 3. 5 – 4% driven largely by emerging economies, this provides opportunities in the equities sector. Market volatility is likely to continue due to Sovereign debt concerns in Europe and the impact of potential further quantitative easing in the United States. There is concern about equity markets seemingly drifting sideways over the past 12 months, however global share markets have recorded strong gains The economic outlook is likely to be supportive for equities in 2011, while there will be areas of concern. The slowly improving economic environment and a potential solution to the sovereign debt crisis in Europe should see companies begin to expand by borrowing. After experiencing a significant correction in 2010, equities are well positioned to post strong gains in 2011. Shares are good value and continuing economic recovery will contribute to further gains in profit. Question 6 Question 6: Influences on share prices Provide a graph showing both companies daily share price and the All Ordinaries index over the four week tracking period [pic] [pic] Explain the performance of the two companies over the four week period. In your explanation consider: †¢ The impact of any significant events or unexpected announcements JB Hi Fi – The announcement of Apple’s launch of its latest handset the iPhone 4s is hoped to have a significant impact on sales and foot traffic through its retail stores. – JB Hi-Fi held its annual general meeting on the 12th of October, it stated total sales were up 6. 6% compared with the previous corresponding period. The timing of this news to the market had investors responding positively with 3. 09% increase for the day with a close at $14. 36 Harvey Norman Holdings Limited There is direct concern for Harvey Norman over debt issues within Europe as they hold operations in Ireland which was the first country in the European Union to ask for a bailout. Harvey Norman’s stores there made a trading loss of $38. 59 million for the 2010-11 financial year, with the board â€Å"committed to Ireland for the long term† – Harvey Norman have also responded to the online retail sector threat by launching a new e-commerce site in early October – Harvey Norman released its annual report on the 29th of September, revealing a 9% rise in 2011 full-year net profit to $252. 3 million Whether the performances have been similar or different The performance of Harvey Norman has been quite flat with quite limited movement of the stock over the reporting period. They released their annual report with a rise in profits but investors did not respond with any significant movements. JB Hi-Fi hit a low of $13. 87 for the reporting period on the 11th of October as anxiety hit over the release of information from its annual general meeting. The news and results provided were positive and the stock reacted positively reaching close to the peak of the reporting period on the 14th of October closing at $15. 0 †¢ How the companies performed in relation to the All Ordinaries Index There has been limited volatility seen in regards to bot h JB Hi-FI and Harvey Norman. The reasons for this would be they both have core business which is based in the retail household consumer sector. The All Ordinaries which is based on the movements of the top 500 Australian companies has a much wider exposure to sectors. It is for this reason there has been significantly more volatility on the All Ordinaries as it has been exposed to the market’s recent concerns over the European Sovereign debt crisis. Whether the shares would be considered growth or defensive Both these companies’ shares would be considered cyclical stocks, where sales and earnings are affected by economic or industry cycle They would therefore be considered growth shares. †¢ Your view with justification on whether the companies are a buy, sell or hold JB Hi-Fi (HOLD) – The stock is vulnerable to a decrease in discretionary spending in regards to its electronic goods and also the impact of the volatile Australian dollar. However the organisa tion is in a growth period with a number of new stores opening in a strategic move. The company has been a popular stock and has proven to be quite resilient, trading strongly through the last few turbulent years and also distributes a strong yield. It is in a good position to see through the current wave of volatility. Harvey Norman (HOLD) – The strength of the Australian dollar has seen a rise in internet commerce. Harvey Norman is launching a centralised online website to respond to this growing trend. International holdings have been performing well and there are talks of a possible expansion into the UK. The stock has been proven to be relatively resilient with a reasonable dividend and is adapting to a changing market by looking at opportunities online and abroad, for these reasons the recommendation would be to hold. Section B Question 1 Section B – Question 1 Identify and discuss four advantages for AWPL of establishing a factory in New Zealand †¢ Operating costs – Establishing a new factory in New Zealand will save AWPL $A2 million per annum which is a significant savings long term. These additional funds can be used to reduce debt or spent on further product development or research Increase production – With the establishment of the New Zealand facility AWPL will be able to meet the demands of their current production and collectively with its Melbourne location the demands of the new proposed contract in the US. This will add a projected 30% to sales growth. †¢ Save $A 3 million – Establishing the new location at New Zealand would mean the fire upgrade to the current location at Devonport would no longer be necessary and the funds will be used to support the long term functionality and growth of the business as opposed to a maintenance cost Brand Awareness – Currently AWPL provides production for Australia, UK, Germany and potentially the US. Having a location in New Zealand will promote the brand and create awareness which may lead to business opportunities through production in their domestic sector in the future Also four major funding and/or business constraints that AWPL needs to consider when deciding whether to establish a new factory in New Zealand or upgrade and expand the existing factory in Melbourne Production concerns – Due consideration needs to be made to legitimate concerns over AWPL ability to meet the demand of current production requirements during construction of a new factory in New Zealand. Meeting these demands are imperative to the survival of the business †¢ $1 million payou t – Will need to be paid due to the retrenchments of the employees at the Devonport factory, this is a considerable amount of capital and needs to be taken into consideration †¢ Establishment costs – AWPL have determined that the establishment costs of the New Zealand venture are high with additional costs that do not exist in Australia Debt Funding – All the proposed developments require capital of $A10 million, AWPL do not have the liquidity to cover this outlay and will need to look at financing options. Their lenders at the moment already have concerns over their current level of gearing, so they will need to look at all their options. Question 2 a) Is AWPL eligible for listing on the ASX given its current structure and financial position? AWPL is not able to list on the ASX given its current structure, as it does not currently meet the requirements of the ASX listing rules. In particular condition 7 which states â€Å" An entity must satisfy either a) or (b)† a) There must be at least 500 holders each having a parcel of the main class of securities with a value of at least $2,000, excluding securities not acquired by those holders under a recent prospectus or Product Disclosure Statement b) Both of the following are satisfied †¢ There must be at least 400 holders each having a parcel of the main class of securities with a value of at least $2,000, excluding securities not acquired by those holders under a recent prospectus or Product Disclosure Statement AWPL is unable to meet these requirements as it currently only has 40 shareholders ) Listed companies are required to comply with stringent obligations imposed on them by the ASX Listing Rules. Explain four obligations that AWPL would be required to fulfil if it was a listed company †¢ Under Condition 3 of the ASX listing rules â€Å" A prospectus or Product Disclosure Statement must be issued and lodged with ASIC. If ASX agrees, an information memorandum that c omplies with the information memorandum requirements of Appendix 1A will be sufficient instead of a prospectus or PDS. This ensures that potential investors have access to critical financial information about the organisation to make an informed decision to invest or not. 1. 2. 4 of the Profit Test states that the entity’s aggregated profit from continuing operations for the last 3 full financial years must have been at least $1 million. This is to ensure the organisation is successful and has the means necessary to warrant being listed on the ASX †¢ 1. 2. 5A states that the entity must give ASX a statement from all directors confirming that they have made enquiries and nothing has come to their attention to suggest that the economic entity is not continuing to earn profit from continuing operations up to the date of application This is to ensure the organisations admission is based on factual information and aims to confirm the integrity of the organisation and its intention not to commit any acts of fraud or deception †¢ 1. 3. 5 The entity must give ASX each of the following a) Any accounts, together with any audit report or review: – for the last 3 full financial years (or shorter period if ASX agrees); and – if the last full financial year ended more than 8 months before the entity applied for admission, for the last half year (or longer period if available) from the end of the last full financial year If the accounts have not been audited or reviewed, the entity must tell the ASX This ensures that there is full disclosure of financial information to the ASX and potential investors Question 3 a) Discuss three reasons why the bank would be reluctant to increase funding to AWPL at this time †¢ Financial Markets – Due to the implications of financial markets over the last few years starting with the Mortgage Sub Prime crisis in the United States and more recently the sovereign debt crisis in Europe, lenders have become tighter with their lending practices. They want extra security and having a signed contract confirming the commitment for production in the US confirms the need for additional funding †¢ The bank already has expressed concern over the level of gearing the organisation holds at the moment so without evidence to support the need for expansion there will be hesitancy from the lender †¢ There is also an element of risk involved as there is concern that if the upgrade and expansion plans are not handled effectively then production rates may be harmed which would ultimately mean AWPL would be unable to meet current order demands. If that was to occur then the ability of AWPL to service its current debt commitments to the bank would be placed in jeopardy b) Jack is concerned that the New Zealand project will expose the shareholders of AWPL to a new financial risk (associated with borrowing funds to upgrade the Melbourne factory and to establish the New Zealand factory). Assume that the US contract is signed. Identify the new financial risk. Discuss the implications of the risk on debt repayment schedules and outline the steps AWPL might take to reduce the risk Jack is concerned about AWPL ability to meet current production orders. The fear is that if establishment of the NZ factory and upgrade of the Melbourne location isn’t seamless it will affect the ability of the business to meet current demands and that of the new contract. This exposes the business and current shareholders to potential risk of defaulting on existing debt demands from their lender. AWPL may look at hedging this risk by looking at Business Risk Protection which would cover their expected income if they are unable to meet their demand for various reasons. AWPL should also consider looking at alternate factory locations they can use at short notice if production is impacted for any reason Question 4 a) Identify and discuss three effects that an appreciating Australian dollar (AUD) would have on a decision by AWPL to move its manufacturing operations to New Zealand †¢ An appreciating Australian dollar would be a concern for the core of AWPL business which is exports. If the Australian dollar rises a major implication is the impact on the terms of trade as exports become more expensive and imports become cheaper. A likely result would be an increase in domestic spending on imports and reduced demand for exports in foreign countries. This would be a huge concern for the viability of AWPL’s international production orders. If there is a change in the current revenue streams than it may impact their ability to service their current debt and/or gain finance for expansion plans †¢ Also an appreciation in the Australian dollar will mean AWPL’s exports will become more expensive and may result in them not being as competitive as other international competitors. The impact of this may be felt in loss of contracts, renegotiations and general cost cutting. Severely impacting their ability to implement any expansions †¢ These concerns will not only be felt by AWPL but by their shareholders and lenders. When approaching lenders about further debt funding an appreciating dollar and the potential negative impact on the business may very well be taken into due consideration before approval. b) Taking into account current economic conditions and financial market sentiment, identify and discuss two factors that could cause the AUD to move significantly above its current rate against the US dollar in the coming months One impact which could cause the AUD to move significantly above its current rate against the US dollar is the appetite for risk from foreign investors. With extreme volatility being experienced in the market currently and concern for the global economy the Australian dollar can be influence by the risk appetite of foreign investors. During the volatile times in the market we are experiencing currently there are heightened p erceptions of risk which leads to a decline in the demand for riskier assets which promotes a move for investors to quality investments and an appreciation of reserve currencies such as the US dollar. This can see the Australian dollar appreciated when markets sentiment is high and there is positive news about foreign and global development and depreciate on negative news. – An additional factor which may see a further increase of the AUD over the US dollar could be another round of Quantative Easing (QE3) from the United States. This involves the US Federal Reserve effectively prints more money injecting it into the economy The US government achieves this through purchases of bonds and places money into banks which then be loaned to the public. This in turn eases lending constraints and money flows through too small to medium businesses. A consequence for the US is that the increase in the supply of their currency weakens the value and causes further appreciation of the Australian dollar Question 5 – A) Discuss the outlook for global economic growth in 2011. Support your answer with a percentage forecast for global growth International recovery after the Great Financial Crisis has been uneven with markets seemingly moving sideways recently. Risks globally remain high with world economies continuing to recover from its effects. Financial conditions have improved through corporate earnings and financial market volatility has moderated, notwithstanding ongoing concerns over European Sovereign debt and the European Union ability to contain the crisis. The forecast for advanced economies is to continue to consolidate, where as growth in emerging markets is anticipated to deliver higher levels of growth and returns. Therefore in accordance the global economy is widely predicted to grow over 4% in 2011 down from 5% growth in 2010. Although traction has been made global economic recovery also remains vulnerable and a clear resolution to the sovereign debt crisis in Europe ill provide markets with strong sentiment and incentive to return to the equities market. Also failure for the US to develop a viable solution to the unsustainable US Fiscal position also poses a threat to the progress of global recovery – (B) Each of the countries below has a significant influence on global growth. Briefly comment on each country’s outlook for economic growth in 2011 Support your answer with a percentage forecast for each country’s economic growth i) USA The forecast for the United States is that their economy will grow between 3. -4% in 2011. This is an increase from the 3% growth recorded in the 2010 calendar year. The basis of this will be driven from growth in the consumer and business spending and personal consumption expenditure (PCE), an increase in consumer spending. PCE is adding between 0. 7% and 2% to overall US growth has increased for five consecutive quarters. Concerns for the US are European Sovereign Debt, budget concerns at all levels of government and falling house prices. These effects could impact and lead to a slower US recovery. ii) China Due to the unprecedented growth of China, tighter monetary policy was necessary to reign in growth which is still projected to be close to 9% in 2011. Inflation is a constant concern and will increase over the calendar year. It is china’s greatest concern and most pressing policy issue, their ability to contain this effectively will determine their sustained growth. The present account surplus is set to fall to 4. 5% of GDP, which is a reflection of a decline in export growth and higher commodity prices While high commodity prices pose risks they are unlikely to dent growth. Currency appreciation will continue at a gradual pace as reserves accumulate iii) Japan In March 2011 the Great East Japan Earthquake was the strongest ever recorded in Japan and triggered a tsunami which severely damaged the country and was the impact was felt on world equity markets. A preliminary report by the government estimated damage at between 3. 3-5. 2% of 2010 GDP There are serious concerns about Japans ability to recover from such a traumatic natural disaster. The timing and strength of an economic recovery is difficult to forecast. The growing uncertainty about the Japanese recovery, compounded by the ongoing nuclear situation and rising oil prices are adding to the difficulty of the situation. However Japan has experienced natural disasters before and the sentiment from other advanced nations is there will be a rebound in economy as reconstruction spending picks up. Such a pattern will see real GDP growth to 0. 8% in 2011 Bibliography Chris Zappone April 27 SMH – Harvey – Move online. http://www. smh. com. au/business/harvey-norman-reveals-online-move-20110427-1dvl9. html Pip Freebairn – Australian Financial Review – 4th October RBA holds rates but hints door open for cut http://www. afr. com/p/national/rba_holds_rates_but_hints_door_open_5JEhJP8jKehLd5SsNxQREL Joanna Heath – Australian Financial Review – 4th October Shares fall after RBA rates decision http://www. afr. com/p/markets/shares_fall_after_rba_rates_decision_gYLoKCrItyz0zl5JXVUUQM Eli Greenbalt – August 9th High Flying JB Hi FI experiences the lows of a struggling sector http://www. smh. com. au/business/highflying-jb-hifi-experiences-the-lows-of-a-struggling-sector-20110808-1ij7k. tml Harvey Norman Annual Report http://www. harveynormanholdings. com. au/pdf_files/2011_Annual_Report. pdf Shane Oliver Insights – Review of 2010 and outlook for 2011 http://www. adviservoice. com/2010/12/review-of-2010-and-outlook-for-2011/ David Ramli Ben Woodhead – Australian Financial Review October 5th Wither retail as Apple touts iPhone 4s http://www. afr. com/p/business/technology/whither_retail_as_apple_touts_iphone_FzmXGsKsIEA3iYW45oG21M Joanna Heath – Australian Financial Review 24 September 2011 Europe’s troubles hit home http://www. fr. com/p/markets/europe_troubles_hit_home_FTVWCTnHmtNXJ90oaRoTsI RBA – The Exchange rate and the Reserve Bank’s Role in the Foreign Exchange Market http://www. rba. gov. au/mkt-operations/foreign-exchg-mkt. html Chris Caton – 2 Feb 2011 The Aussie Dollar- Where to from here? BT Insights http://www. bt. com. au/bt-market-insights/bt-latest-updates/2011/02-february/201102-australian-dollar. asp Budget Strategy and Outlook 2011-12 http://www. budget. gov. au/2011-12/content/bp1/html/bp1_bst2-01. htm IB Times Staff Reporter – US Economic Outlook 2011 How to cite Fin111 Financial Markets and Economic Principles, Essay examples

Insight in to Jean Watsons Caring Theory free essay sample

In To Jean Watsons Caring Theory Dr. Jean Watson is a nursing theorist whom work has expanded the concept of caring within the nursing profession. Jean Watson’s Caring theory focuses on the transpersonal interactions between nurse and patient to establish a caring relationship. In this paper, I will define theory as it pertains to nursing. I will also give a general background of Watson’s caring theory. I will include a description of concepts within Watson’s theory as well as, major theory assumptions related to person, health, nursing, and environment in the context of the caring moment. In this paper, I will apply Watson’s theory to one specific nurse-patient interaction, which I encountered during my experience as a nurse. I will also describe how Watson’s carative factors were utilized in the transpersonal relationship. I will also give a personal reflection on my professional experience that is basis of this paper. We will write a custom essay sample on Insight in to Jean Watsons Caring Theory or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The term theory has many definitions, but generally it refers to a group of related concepts, definitions, and statements that propose a view of nursing phenomena from which to describe, explain, or predict outcomes (Chitty, 2005). Theories are important because it help guide nurses in the direction to provide the best care to patients’. A benefit of having a defined body of theory in nursing allow the nurse to provide efficient patient care, promote nursing status as a professional, improved communication amongst caregivers and patients, and guidance for nurses to engage in research to further their education . Dr. Jean Watson is an American nursing scholar born in West Virginia. Dr. Watson attended the University of Colorado where she earned her Bachelor’s of Science degree in nursing and psychology. Watson later earned her master’s degree in psychiatric-mental health nursing and continued to earn her Ph. D in education psychology and counseling (Chantal, 2003). In 1979, Dr. Watson’s theory of science of caring was first published in Nursing: The Philosophy and Science of Caring. In the publication, she issued a call for a return to the earlier values of nursing and emphasized the caring aspects nursing. Watson’s work addresses the philosophical question of the nature of nursing when viewed as a human-human relationship (Chitty, 2005). There are three major concept of Watson’s theory: a) the carative factors, b) the transpersonal caring relationship, and c) the caring occasion/caring moment. The carative factors provide a focus for nursing phenomena. Carative factors specify the meaning of the relationship of the nurse and patient as human beings. Transpersonal caring relationships describe how the nurse goes beyond an objective assessment, showing concerns towards the person’s subjective and meaning regarding their health care situation. The goal of transpersonal caring relationship is to protect, enhance, and preserve the person’s dignity, humanity, wholeness, and inner harmony(Cara, 2003). Caring occasion/caring moment occurs whenever the nurse and another come together in a given moment for human-to-human interaction. Watson believes that both nurse and patient can be influenced by caring moments depending on their action and choice within the relationship. Dr. Watson’s carative factors consist of 10 elements: 1. The formation of a humanistic-altruistic system of values. 2. Instillation of faith-hope. . The development of a helping-trusting, human care relationship. 4. The cultivation of sensitivity to one’s self and to other’s 5. The promotion and acceptance of the expression of positive and negative feelings 6. Creative problem solving caring process 7. The promotion of transpersonal teaching and learning 8. The provision for a supportive, protective and/or corrective mental, physical, socio-cultural and spiritual environment. 9. Assistance with the gratification of human needs 10. The allowance for existential-phenomenological forces. (Cara, 2003, p. 52). As Watson continued to develop her theory, she developed clinical caritas processes, which replaced the carative factors. Clinical caritas processes were: 1. Practice of loving kindness within context of caring consciousness. 2. Being authentically present, and enabling and sustaining the deep belief system and subjective life world of self and one-being-cared for. 3. Cultivation of one’s own spiritual practices and transpersonal self, going beyond ego self, opening to others with sensitivity and compassion. 4. Developing and sustaining a helping-trusting caring relationship. . Being supportive of, the expression of positive and negative feelings to connect with a deeper spirit of one self. 6. Creative use of self and all ways of knowing as part of the caring process; to engage in artistry of caring-healing practices 7. Participate in genuine teaching-learning experience that promote unity of being and meaning, attempting to stay within others; frames of reference. 8. Creating an environment that is conductive to healing at every level, subtle environment, which potentiates the ability to sustain or develop dignity, comfort, and peace. Ensuring basic needs are met, with a caring conscious, providing â€Å"human care essentials†, which tends to the individual’s mindbodyspirit. 10. Allowing the expression one’s spirituality and attending to spiritual needs as it relates to ( Cara, 2003). According to Suliman, Welmann, Omer, and Thomas (2009), transpersonal relationship depends on the nurse moral commitment in protecting and enhancing human dignity. It also depends on the nurses’ caring conscious communicated to preserve and honor the embodied spirit. The nurse caring conscious and human-to-human relationship potentiates a healing process that is based on the nurses’ intentional connection, perception, and experience. Dr. Watson’s carative factors can be utilized in the transpersonal relationship in the clinical setting in many ways. When developing a nurse-patient relationship, it is very import to establish a helping-trusting, human care relationship with the patient. Establishing a relationship that is genuine in nature, which goes beyond working nurse-patient relationship is necessary to build a transpersonal relationship. Transpersonal relationship can develop from the nurse-patient incorporating spiritual matters in the healing process. The nurse ability to instill hope and faith to patients who are in distress, exhibit a sense of the nurse caring conscious. Promoting hope when modern medicine have nothing else to offer, the nurse can continue to give faith-hope to provide a sense of well-being through belief’s which are meaningful to the individual (Holland Wade, amp; Kasper, (2006). Assisting with the gratification of human needs could also be utilized in the transpersonal relationship. When developing a transpersonal relationship one must remember to protect the dignity of the patient at all times. Assisting the patient with basic needs with intentional caring consciousness, while administering â€Å" human care essentials,† which potentiate alignment of mindbodyspirit and unity of being in all aspect of care (Cara, 2003). The promotion of transpersonal teaching and learning is also useful in the development of transpersonal relationships. Engaging in meaningful and intentional caring process allows the nurse to establish transpersonal relationship with the patient. This encounter also allows the nurse and patient to communicate in a way where each one’s perspectives are evaluated for understanding. Understanding the person’s perception of the situation can assist the nurse to prepare a cognitive plan. This interaction promotes mutuality between both nurse and patient, which is essential in developing a meaningful relationship. Dr. Watson define the person as a being-in-the-world who holds three spheres of being-mind, body, and spirit that are influenced by the concept of self and who is unique and free to make choices (Cara, 2003). Dr. Watson’s assumption of caring as it relate to the person states â€Å" †¦a caring person is that the person is somehow responsive to another person as a unique individual, perceives the other’s feelings, and sets one person apart from other†. Dr. Watson’s believes that a person’s health is subjective. Health corresponds to the person’s harmony, or balance, within the mind, body, and spirit. Dr. Watson’s assumption of health states that caring promotes health more than curing and effective caring promotes health to an individual as well as family growth (Cara, 2003). According to Dr. Watson nursing is defined as a â€Å"human science of persons and human health-illness experiences that are mediated by professional, personal, scientific, aesthetic, and ethical human care transactions† (2008a, p. 54). Dr. Watson’s assumption as it pertains to nursing states that human caring in nursing is not just an emotion, concern, attitude, or benevolent desire, but rather a personal response (Cara, 2003). Dr. Watson believe the person’s environment could expand awareness and consciousness, while promoting the healing of the, mind, body, and spirit. Dr. Watson’s assumption of caring as it relates to the environment states that â€Å"a caring environment offers the development of potential while allowing the person to choose the best action for the self at a given point in time† (Alligood, 2010, p. 109). To better understand Dr. Watson’s theory, I will apply her theory to a specific nurse-patient encounter. When using clinical caritas process (CCP), I will also attach the corresponding numbers to denote its use within my clinical story. While working in Post Anesthesia Care Unit (PACU), I was assigned a patient by the name of Ms. Anderson. Ms. Anderson was 1 day post-op of having a vaginal hysterectomy. Upon getting report regarding Ms. Anderson’s condition, I was informed that the patient was â€Å"very needy† and didn’t want to go home†. When I went into Ms. Anderson’s room, I introduced myself and told her that I will be her nurse for the day. I proceeded to ask Ms. Anderson if there is anything I could do for her at that time. She told me that see just want the lights off and the curtains closed. After an hour I went back into Ms. Anderson’s room informing her that she will be discharged that day. She appeared very anxious and apprehensive. I held her hand as I asked â€Å"Ms. Anderson you seem a little upset is there a reason you do not want to go home’’(CCP#4). Ms. Anderson began to cry and I assured her that everything will be ok, but she had to believe that I was there to try to help her (CCP#2). Ms. Anderson proceeded to tell me that she does not live in this state and she thought that she would be hospitalized for at least three days. Ms. Anderson said she had a train ticket back to her home state of Atlanta, but the train ticket was for the following day. I acknowledged Ms. Anderson’s concerns and informed her that she need not to worry (CCP#5). I informed Ms. Anderson’s doctor and notified the hospital social worker regarding her situation (CCP#6). After collaborating with the doctor and social worker, we were able to accommodate Ms. Anderson for another night. I inform Ms. Anderson that she could stay in the unit and I will continue to assist in any way until her departure the following day (CCP#1). Allowing Ms. Anderson to stay in the hospital an additional night, eliminated her anxiety. Dr. Watson’s theory has personally expanded my perception regarding how patients’ should be managed as a whole. When using Watson’s theory in practice, it allows me to place focus mainly on the patients needs by the use of having a caring conscious rather the use of technology or medication. In conclusion, Watson’s caring theory provides a guide for nurses to practice nursing by way of having a caring conscious. Nursing theories provide a guide for nurses to administer evidence-base nursing to provide best care to patients’. The major concepts of Watson’s theory, which are carative factors, transpersonal relationships, and caring moment allow the nurse to provide a foundation for nurses to use within the clinical setting. Dr. Watson’s theory assumptions provide a guide for nurses’ to establish human-to-human relationships, which could be applied during a caring moment. The nurse ability to establish a caring relationship with the patient is the focal point of Watson’s theory. Applying Watson’s theory in the clinical setting could enhance patients’ sense of well-being, while developing the nurse ability to establish caring relationships.