Monday, September 30, 2019

McCarthyism and the Red Scare Essay

Have you ever had that moment in your life when you thought to yourself, â€Å"Why would he do that, or why would that happen?† Well, that is just what many people thought about McCartyism and the Red scare after that time period had passed. The Red Scare was a point in time when many Americans believed that the uprising of communism would be among them. These waves of the Red Scare happened twice, once after World War One, and the second time, which was more significant, after World War Two. During this time period many people were extremely afraid of communism, so the ideals of McCarthyism rose up. McCartyism was named after Joseph McCarthy, who was the Senator of Wisconsin at the time. Joseph McCarthy’s actions, as well as The House Un-American Activities Committee, and Congress were not justified. It was breaking people’s Constitutional rights, ruining many peoples lives and careers, and because they interrogated hundreds and thousands of people who didn†™t even believe that communism should exist in our country. One of the main reasons to prove that the actions during the Red Scare weren’t justified was because it broke people constitutional rights. During a speech Senator Margaret Smith of Maine said this inspiring quote, â€Å"The right to criticize; The right to hold unpopular beliefs; The right to protest; the right of independent thought.† Now, to some this might just look like a list of rights an American has. But to many, this is an inspiring quote of the things great about America and the things that McCarthy, Congress, and the HUAAC attacked. This shows that McCarthyism broke many of the rights that they as Americans had and deserved to keep. Another important reason why the actions of McCarthyism weren’t justified was that they ruined many people’s lives and careers. One group collected and published the names of people in the world of the arts and entertainment thought to be un-American in their politics (Picture seen in back). The most famous victims were able to successfully fight off such attacks, but Red Channels, radio stations, weren’t destroyed for many years. Red Channels reported on possible Communists and they faked information in order to keep their stations alive. These Channels ruined and/or harmed many people’s  careers. The last major reason why all this was not justified is because they interrogated hundreds and thousands of innocent people who didn’t even believe that communism should exist in our country. Refusal to cooperate with the HUAAC could ruin careers. If a witness refused to testify about past political associations, relying on the First Amendment to the U.S. Constitution, the witness would be cited for contempt of Congress. The government would then prosecute the witness for criminal contempt of Congress. Some people were convicted and sent to federal prison for several years. Mcartyism was not justified because it broke many constitutional rights, ruined people’s careers, and led to a state of panic throughout America. So next time your in a situation where you dont know what to do or what to say. Think about how it will affect others, not just yourself.

Sunday, September 29, 2019

Formal Lab Report Essay

Human reaction times vary person to person and often increase with age. This change in reaction time can have little impact on a person’s daily life, such as when answering a ringing telephone. But this change can also have a dramatic impact when driving, working in dangerous environments, and negotiating busy streets and sidewalks. Literature Search â€Å"Reaction time has been used as a psychological test since the mid-19th century (Deary, 1). † Several studies have been conducted dealing with reaction time and the factors that can affect it. In their study titled â€Å"Validation of reaction time as a measure of cognitive function and quality of life in healthy subjects and patients†, Jakobsen, Sorensen, et al studied and reported findings regarding diminished reaction times and the effect that poor health had on those times. Findings were conclusive that the healthier the individual, the better their responses. Hypothesis Individual’s reaction time with their dominant hand is faster than those with their non-dominant hand. Conversely, there may be no statistically valid difference in the reaction time from one hand to the other. Experiment To test the variance in reaction time from dominant hand to non-dominant hand we set up an experiment using a simple reaction time test found in the free marketplace on an Android telephone. This application required the user to touch one of four colored stars that match the color of an identified star in the upper right hand corner. The subject was asked to repeat this response 20 times and the total time was scored as the reaction time. If a subject made an incorrect â€Å"touch† then their time would continue until the correctly touched 20 stars. The subject would then be ask to repeat this test with their non-dominant hand. To standardize the testing instructions were provided by my team mates and it was decided that the subject would place the device on a flat surface in front of them and use the index finger on first their dominant hand and then their non-dominant hand. Data was collected for 30 random subjects and analysis performed. Data Analysis Data collected from the 30 random subjects was input and the following summary statistics were produced. Dominant Hand Mean Reaction Time (D)| | | 18. 865 sec. | Median Reaction Time (D)| | | 17. 264 sec. | Variance (D)| | | 28. 235 sec. | Standard Deviation (D)| | | 5. 314 sec. | Non-dominant Hand Mean Reaction Time (N)| | | 17. 734 sec. | Median Reaction Time (N)| | 16. 412 sec. | Variance (N)| | | 16. 130 sec. | Standard Deviation (N)| | | 4. 016 sec. | The graphs below illustrate the mean for each hand as well as error with in plus or minus one standard deviation. Conclusion After conducting this experiment and reviewing the data, a few things became clear. One is that age of the subject had a significant impact on results with both hands. This is presumed to be the result of the interaction with a new technology. Younger subjects seemed to grasp the concept of what they were expected to do more quickly. Second, in this case, familiarity did not breed contempt, but it did breed faster reaction times. As subjects became more comfortable with the application they were using, their response times decreased. The later of these two factors had a more global effect on our outcomes, thus disproving our hypothesis in this case. I do not believe these results to be conclusive or authoritative and simply put, more research is needed. References Deary, I. J. , Liewald, D. & Nissan, J. (2011) A free, easy-to-use, computer-based simple and four-choice reaction time programme: The dearly-liewald reaction time task. Behavior Research Methods (Online), 43(1), 258-268. Retrieved from http://search. proquest. com/docview/920259801? accountid=39001 Jakobsen, L. H. , Sorensen, J. M. , Rask, I. K. , Jensen, B. S. , & Kondrup, J. (2011). Validation of reaction time as a measure of cognitive function and quality of life in healthy subjects and patients. Nutrition, 27(5), 561-570. Doi: http://dx. doi. org/10. 1016/j. nut. 2010. 08. 003 Norman, Celia (2011). General Biology 111: Laboratory Manual. Denver, CO: Department of Biology, Arapahoe Community College.

Saturday, September 28, 2019

Identify and select a contemporary management issue from current Essay

Identify and select a contemporary management issue from current affairs - Essay Example Body Globalisation There are various perspectives which can be used to explain and define globalisation. These perspectives and explanations span the historical, economic, and socio-cultural realms. For purposes of this discussion, the economic perspective shall be considered. Higgott and Reich (1998, p. 8) discuss that globalisation â€Å"might be characterized functionally as an intrinsically related series of economic phenomena†. Under this perspective, inclusive aspects of globalisation would also embrace liberalisation, the deregulation of trade activities, the reduction of state control functions, expansion of foreign direct investments, and the coordination of capital markets (Higgott and Reich, 1998). A globalised economy also means that the sale, production, and the manufacture of goods can be made on the wider global market. Labour would also be able to include the global citizenry, with a possibility of covering a more diverse, more talented, and an even more skille d labour market. The article by Schifferes (2007) discusses that globalisation seems to have a significant impact on rich and poor countries, â€Å"transforming regions such as Detroit of Bangalore from boom to bust – or vice versa – in a generation†. ... Globalisation has been an acknowledged element in the economic progress seen in the past few decades, and more apparently in recent years; moreover, its benefits seem to be spreading not just to the developed states, but to the developing and emerging economies of Asia. Multinational corporations (MNCs) have also thrived well under this globalized economy as these corporations have built numerous manufacturing plants in various countries in order to take advantage of cheap labour and more accessible natural resources (Schifferes, 2007). MNCs have also found globalisation to be largely advantageous to them due to the difficulties in tracking their progress; in effect, some of them have actually become virtual corporations as they outsource many of their production activities to other countries like Asia (Schifferes, 2007). As the developing nations and emerging economies have been enjoying the fruits of globalisation, developed nations seem to be experiencing some of its pitfalls. It seems that globalisation has become a global equalizer as it is stripping away many of the advantages which the developed nations used to have over the developing countries. Now the economic playing field is on equal ground with the richer countries needing the cheap labour and lower production costs, while the emerging economies are continuing to enjoy major gains in profits and a larger access into the global market. As the developing countries and emerging economies are benefiting well from the globalization activities, the West has become anxious about globalization. In the UK, investors have been worried about outsourcing white collar jobs with the general public protesting about the thousands of jobs being outsourced

Friday, September 27, 2019

Discussion Questions law Assignment Example | Topics and Well Written Essays - 500 words

Discussion Questions law - Assignment Example Litigation is also cost prohibitive due to the legal fees and case filing fees involved. Due to the unpredictable time frame involved in trying such cases, additional emotional and financial damage is inflicted upon the person who filed the case. That is why ADR has become a logical alternative for some people who do not want to deal with the hassles of litigation. ADR offers an alternative solution to filing a case in a shorter amount of time because the negotiations involve and informal and less adversarial setting than litigation. Both parties can compromise on an issue with the aid of an expert in the decision making process. This is something that judges approve of as sometimes their knowledge of certain business related cases can be limited. Examples of ADR or arbitration that can happen to a person in his personal or professional life include restructuring of debt payments (personal) and an administrative case filed before a person in his place of office that needs to be resol ved by the owners of the company or its in-house legal department. 2. Substansive law is the written law that defines the crimes and punishments in criminal law, or civil rights under civil law. It is a codified legislated statute that is enacted through public initiative. An example of this law would be the law covering the intentional killing of a person. This should not be confused with Procedural law which is the law that enforces the said rights and duties through rules determined in civil or criminal proceedings. A clear example of a procedural law is when a decision is made to arrest a person. The grounds covering his arrest fall under procedural law. These are totally different from criminal law which, simply put, is the system of law that punishes people who commit crimes such as felonies and misdemeanors. Civil law on the other hand, deals with private relations between community members. Civil law looks to gain compensation for damages received

Thursday, September 26, 2019

Written communication and skills. Reflection Paper Essay

Written communication and skills. Reflection Paper - Essay Example I’ve always been inclined to read and have interest in reading a variety of novels, books and other literary pieces; however, due to some reason I could never write effectively. Whenever it came to writing even something as simple as my college admission essay, I would take hours to pen down my thoughts. Although I had consulted few books to learn how to write effectively, I could never be confident of my work. This course took me a step ahead in my endeavors to become an ardent writer. At first I would speedily begin writing without any outline or draft. This led me to skip a lot of important ideas that would come to mind later on. Fitting in these ideas on an ad hoc basis also disrupted the flow of my academic work so that later when I used to read it I found it nothing more than a haphazard summary of ideas. Upon taking this course, however, amongst the first things that my instructor taught was to prepare an initial draft of the prose and to proofread that draft before fin alizing it. This practice ensured that there were no dramatic leaps in my work and that all paragraphs were connected. The assignments I’ve worked on have developed in me the habit of proofreading all my work prior to submission. This has been a very effective strategy as it allows me to rectify any careless mistakes that I may have overlooked while speedily inking my thoughts. There have been cases where (during proofreading) I changed the sentence structure to break the monotony and replaced some words with their synonyms to increase the overall impact of the prose. This would be particularly useful for me when writing a cover letter for my job since any grammatical mistakes in this could put up a negative impression of me and cost me my job. It has inculcated in me the spirit of critically evaluating my work from all possible angles which allows me to explore various approaches to the same topic. This has overall improved the quality of my argumentative essays by equipping me with the skills to craft un-biased and convincing arguments by considering both sides of the topic. So, for instance, when putting up a project proposal to the Board of Directors as a manager in future, I would be able to analyze the feasibility of the project (including its pros and cons) in order to put up a strong argument and suggest strategies for overcoming the drawbacks. Surprisingly, these assignments did not require students to work in isolation (as one may expect from an ‘academic writing’ class). Instead, there were assignments which required students to reflect on the ideas of their peers which have provided us with the basis for producing peer-reviewed academic work. Not only has this led to an improvement in my written skills but also oral skills due to constant verbal communication and interaction during the assignments. In future, I see this as an important skill as I would be required to consult my boss/superior at work as well as my team prior to a rriving at a decision. Perhaps one of the most useful academic skills that I learnt in my assignments was that of referencing my work. In my initial assignments, my referencing was weak which would result in high plagiarism. However, with the use of electronic media I was able to provide all relevant referencing for ideas that I borrowed from other authors. Considering that plagiarism is a crime, the assignments taught me how to paraphrase ideas rather than merely quoting them. This has also contributed to my language skills as paraphrasing requires the use of synonyms and producing variations in sentence structure while sticking to the original idea. I find these skills very useful for preparing reports and documents at

Wednesday, September 25, 2019

Is Teacher Certification Worthwhile or Not Essay

Is Teacher Certification Worthwhile or Not - Essay Example Every industry faces high levels of competition, and as such, having a competitive advantage over other firms is of priority for different firms. Subsequently, they hire the best and highest qualified individuals in the market to work in their firms. Governments on the other hand, in an effort to raise their GDP, have seen the importance of investing in quality education for its population. It is with this reason that there is an increase in the demand for teacher certification as countries and firms battle out at the global market arena. This essay addresses the reasons why it is important for every teacher to seek certification before joining the teaching profession. There is an increase in the number of colleges training teachers especially in California. Without any mechanism in place to test the competency of these teachers, there is a high likelihood of there being non-trained as well as poorly trained teachers. A non-trained or poorly trained teacher cannot teach in a competit ive way. Although these colleges are accredited colleges, there is no mechanism in place to prove that a teacher in deed has gone through training and can thus comfortably handle students. Initially, when there were few universities and colleges offering teachers’ training, it was possible to tell the quality of the tutoring. This is however not the case anymore. With the increase in the number of colleges, the only way of determining the quality of training that teachers receive in these colleges is only through the certification process. Additionally, teacher certification is the only way in which a person can prove their skills and expertise. The uniqueness of the teaching profession makes it necessary for the certification of teachers globally, not just in California. A teacher needs to have basic teaching skills in addition to their ability to handle students comfortably. Understanding that teaching entails much more than just classroom teaching is the bottom line for se eking certification. Taking a specifically exam is one of the main ways in which an individual could become a certified teacher. However, there are different kinds of skills that teachers need to have, which different tests seek to test in a teacher. The California Basic Education Skills Test (CBEST) in California is one of these tests that seek to test the basic teaching skills of a teacher in the state of California. Notably, most of the exams test reading skills, writing skills and the computation skills of a teacher. For one to pass the test, the middle graduate student knowledge is mandatory. Therefore, without having acquired this level of knowledge, it is hard for one to pass the test comfortably. The importance of having this certification is evident by the fact that unified school district holds only the certificate of basic education test. This is the first step of becoming a teacher, as one has to take the certification test to qualify as part of the unified school distri ct department. Moreover, the CSEST tests the understanding of the teacher’s basic knowledge, history, and application of skills in the major subject. This makes it possible for the unified district department to screen out teachers by the understanding of the subject and decide that who can be employ. Currently, the CSEST does not require any experience for one to qualify as a

Tuesday, September 24, 2019

Obesity and Smoking Essay Example | Topics and Well Written Essays - 1250 words

Obesity and Smoking - Essay Example 935). Smoking has been estimated to account for 8% of total healthcare costs in the US, 3.8% in Canada, and 3.7% in Germany (Chang et al, 2005, pp. 2122 -2125). Dramatic variations in rates and trends of smoking are evident for specific subpopulations of women in Canada. There has recently been a disturbing trend whereby smoking rates among teenaged girls exceeded smoking rates among teenaged boys for the first time. Among girls aged 15 to 19, 25.1% reported being daily smokers in 1998 - 1999 and 26% in 2001, as compared with 18.5% and 20% respectively for boys in this age group (Chang et al, 2005, pp.2126 -2128). Girls also started smoking at a younger age, 41% of girls aged 15 to 17 reporting having smoked their first cigarette before age 13 as compared with 29% of boys. In the last decade, daily consumption increased for girls aged 15 to 19 from 11.5 cigarettes per day in 1990 to 12.7 cigarettes per day in 1999; this has decreased to 10.8 in 2001 (Statistics Canada, 2000, pp. 238- 245). In this paper we would be discussing the two issues faced by the Canadians - Obesity and Smoking. The simplest definition of obesity is an excessive amount of body fat. It must be distinguished from overweight, which refers to an excess of body weight relative to height. Obesity is probably best assessed by the visual judgment of an experienced observer. If a man, woman, or child looks fat when undressed, he or she is probably obese. Measurement of sub scapular and triceps skin-fold thicknesses with calipers is the simplest objective way to assess body fat. Data from the 2004 Canadian Community Health Survey (CCHS) indicate an obesity rate for Canada of 23.1% and an overweight rate of 59.1%. U.S. data from the National Health and Nutrition Examination Survey (NHANES) 1999 -2002 show that 65.1% of the American adult population is overweight and 30.4% are obese (Hedley et al, 2004, pp. 2847- 2848). The problem of obesity does not affect all populations equally, particularly in the U.S. The obesity rate in the U.S. is higher for women at 33.2% compared to the rate for men (27.6%). By race, these gender differences are exacerbated. F or example, the obesity rate among non-Hispanic white women is 30.7% compared to a rate of 49% among non-Hispanic black American women, whereas obesity rates across race for men do not differ significantly (Hedley et al, 2004, pp. 2849- 2850). In Canada, obesity rates do not vary substantially by sex (23.2% for women and 22.9% for men). However, obesity rates are higher for white women (24.8%) and white men (25 .5%) compared to their non-white counterparts (Hedley et al, 2004, p.2849). An estimated 80-90% of persons with type 2 diabetes mellitus in the Canadian population are overweight or obese. Obesity is also a growing problem in children with type 1 diabetes (Hypponen et al, 2000, pp.1755-1760). Furthermore, intensive insulin therapy is associated with weight gain. Weight loss has been shown to improve glycemic control by increasing insulin sensitivity and glucose uptake and diminishing hepatic glucose output (Chou et al, 2004, pp. 565-587). The risk of death from all causes, cardiovascular disease (CVD), and some forms of cancer increases with excessive body fat (Calle et al,

Monday, September 23, 2019

National Health Services Essay Example | Topics and Well Written Essays - 3000 words

National Health Services - Essay Example The researcher states that most of the services provided by National Health Services or NHS are free. It is funded by the money raised through taxes. The payments made under National Insurance are also utilized for the funding of its health services. In view of the recent budget cuts announced by the government, there will be an impact on taxation. This will lower the fund availability of the NHS as it is mainly dependent on taxation for discharging free health services. Therefore it is important that it identifies alternative sources of funding or it will face the problem of scarce resources in the future. NHS receives a significant chunk of the total budget allocated for the Department of Health. Out of the  £94 billion amount allocated for this Department the NHS received nearly  £92.5 billion in the year 2008-09. The Primary Care Trusts (PCTs) are the principal fund holders of NHS and they distribute funds to the system on a contract basis or at a tariff agreed upon. NHS appl ies charges on prescriptions of adults. Apart from this, they also charge money for dentistry and optician services. Most of the costs of the system are funded by taxes, implying that the contributions from UK taxpayers comprise most of its funding. NHS receives money from dentistry as well as optical services. The dentistry charges on examination at NHS as on April 2009 was  £16.50,  £45.60 for extraction or filling and  £198 was charged for other complex procedures.

Sunday, September 22, 2019

Discuss some of the key similarities and differences between orthodox Essay

Discuss some of the key similarities and differences between orthodox and naturopathic medicine. briefly evaluate circumstances when the use of one may be more - Essay Example According to Larson (2007, p. 1), alternative medicine represents any form of healing therapy outside the borders of orthodox medicine which uses pharmaceuticals, radiation, chemotherapy, and surgical procedures in its practice of healing the sick. Alternative medicine includes all forms of therapy from acupuncture to Zen Buddhism as potential pathways to health. The National Center for Complementary and Alternative Medicine states that there four types of alternative medical systems which include Chinese medicine, ayurvedic medicine, naturopathy, and homeopathy. What separates naturopathy from the other types of alternative medicine is not only its beginnings, but also the basis on which health, disease and treatment is seen. While the other forms of alternative medicine have their roots in shamanism and spirituality, the beginnings of naturopathy can be traced back to the beginnings of orthodox medicine. Hippocrates, generally considered as the "Father of Medicine", is also considered to be a physician that practiced what was similar to naturopathic medicine. ... Although this does not correspond entirely to the principles of naturopathy, as it can be observed, the view that the health and disease is based in the balance of natural elements is the basis of most naturopathic beliefs. In order for the differences and similarities between orthodox and naturopathic medicine to be better evident, the six basic principles of naturopathic medicine should be reviewed. The first concept is the healing power of nature, which refers to connecting with nature, or the life force, which is constant, although ever changing. Connecting with nature involves getting outside yourself, getting beyond whatever health limitations are concerning you. Further, the healing power of nature involves a connection with this life force, taking some action, either through exercise or any physical activity, that connects us with life. Naturopathy involves taking an active role in your own health, becoming your own health maintenance organization, as opposed to approach of traditional medicine of prescription drugs. The second concept of naturopathy, identification and treatment of the cause of disease, focuses on eliminating the problem that is resulting in the illness. One common example can be given, as high blood pressure, and its treatment through conventional medicine. Diuretics are the most common treatment, however, if the root cause is obesity and sedentary lifestyle, then the use of diuretics but failure to address those contributing factors will have the end result of treating symptoms but not correcting the basic problem. Modern medicine, however, also is beginning to focus more on eliminating social and other underlying problems that cause diseases. One such example is Sweden's

Saturday, September 21, 2019

Strategic information system of Meena Bazar Essay Example for Free

Strategic information system of Meena Bazar Essay Acknowledgement After going through a lot of limitation finally I was able to do a fruitful assignment on the strategic information management system of â€Å"Meena Bazar†. I would like to thank our honorable course teacher for her support and proper guideline that helped me a lot make a successful report. Special thanks to the Meena Bazar authority for their infarctions which helped me a lot to be successful in making the report. Acknowledgement After going through a lot of limitation finally I was able to do a fruitful assignment on the strategic information management system of â€Å"Meena Bazar†. I would like to thank our honorable course teacher for her support and proper guideline that helped me a lot make a successful report. Special thanks to the Meena Bazar authority for their infarctions which helped me a lot to be successful in making the report . Also thanks go the Wikipedia and other websites authorities fromwhere found lots of useful information. INTRODUCTION Meena Bazar is a well developed super shopin Dhaka City. It is a retailer of the daily goods includes all thefast moving consumer goodslike household, groceries,stationeries and cosmetics, etc.It offer clean and  friendlyenvironment with a wide rangeof quality products at affordableprices and it has become the primary channel for distribution of foods and other household effects on the consumers. Super shop  is to achieve the leading positionin superstore business of the country through excellence product and servicewith affordable price by implementing proper information technology. Scopes of the shop There are some scopes for the super shop to extend, such as; It is the only one organized super shop in the local market. There is more demand for such business in the local market. It can retail the quality products at the most lowest price in themarket. There is a chance to develop more outlets throughout the city. Thatis because; Demand to super shop is being increased day by day in city. Target Market Their target customers are those in the upper, upper middle and middleclass .It has a longer-term vision to target a customer base and include peoplefrom the lower income group.

Friday, September 20, 2019

Economics Questions and Answers on Resources and Profit

Economics Questions and Answers on Resources and Profit Assignment Questions: Question 1: The removal of imperfections in the market leads to an increase in efficiency in the allocation of resources. Discuss whether you agree with this view (25 marks) Question 2: Explain what is meant by normal and abnormal profit and when such profits might occur (12 marks) Discuss the three reasons as to why people demand money, according to the liquidity preference theory (13 marks) Table of Contents (Jump to) Question 1: A. Allocative Efficiency and Perfectly Competitive Market B. Allocative Efficiency and Monopoly Question 2 (a): A. Perfect Competition B. Monopoly C. Monopolistic Competition Question 2 (b) A. Transaction Motive B. Precautionary Motive C. Speculative Motive Referencing List of Figures (Jump to) Figure 1: Pure Competition MSC MSB Curves Figure 2: Consumer Surplus Producer Surplus Figure 3: The short run and long run in perfect competition Figure 4: The short run and long run monopoly market Figure 5: The short run and long run monopolistic competition Figure 6: Money Demand Curves (liquidity preference theory) Question 1: The removal of imperfections in the market leads to an increase in efficiency in the allocation of resources. Discuss whether you agree with this view (25 marks) A. Allocative Efficiency and Perfectly Competitive Market Allocative Efficiency occurs when it is not possible to reallocate resources in order to make someone better off without making at least another person worse off. It arises where: Marginal Social Cost (MSC) = Marginal Social Benefit (MSB). The MSC refers any extra cost to society of producing one more unit of output. The law of diminishing returns implies that MSC will be upward sloping. On the other hand, the MSB is any extra benefit to society of producing one more unit of output. The law of diminishing marginal utility implies that MSB will be downward sloping. For example: If the 20th unit of output is produced, then it costs the society $10, but yields a benefit of $20. Thus, the society’s welfare increases by $10 (i.e. MSB – MSC). Since MSB is greater than MSC, people is better off. On the contrary, it is not in the society’s interest to produce the 40th unit. In perfect competition, both consumer surplus and producer surplus is maximised (as illustrated by figure 1), where the price is equal to the marginal cost. The consumer surplus is the total net benefit enjoyed by all consumers buying the product. For instance, a consumer paying $20 for a product whose market price is $15; thus enjoying the benefit of $5 ($20 $15 = $5). Producer surplus is the difference between the market price the producer receives and the marginal cost of producing this unit. Demand curves measure the maximum price that consumers are willing to pay for a given quantity of a good. Hence, the demand curve is a measure of marginal benefit (or marginal utility) to the consumer. Therefore, in absence of externalities, MSB = D = P. In perfectly competitive market, the supply curve is a measure of the marginal cost in the industry. In the absence of externalities, MSC = S = MC. Therefore, an efficient allocation of resources under perfect competition happens when price equals to marginal cost, i.e. P = MC, in the short and long run. B. Allocative Efficiency and Monopoly Monopoly market structure is one of the major sources of market imperfections. A monopoly is having one firm producing and selling a product with the existence of barriers to entry. A monopolist is a price taker. The monopolist can set the price or the output, but not both. They can even earn abnormal profits at the expense of efficiency and welfare of consumer and society. Since price is higher than marginal cost, this will lead to a loss of allocative efficiency and a failure of the market. In fact, the monopolist is extracting a price from consumer that is higher than the cost of resources required. Thus, at price Pm, the monopolist is charging a higher price and restricting output to Qm, whereby capturing a portion of the consumer surplus. Under monopoly, there is a portion (triangle ABC) where both the consumer surplus and producer surplus are recovered. This is known as â€Å"deadweight loss†. Figure 2: Consumer Surplus Producer Surplus Imperfections in the market leads to misallocation and underutilisation of resources and reduction in consumer surplus since price is greater than marginal cost, i.e. P > MC. But imperfections in market do have some benefits such as: Monopolist are supplying products on a very large scale, thus they may be in a better place to exploit increasing returns to scale leading to a fall in average total costs of production. This reduction in costs will lead to an increase in monopoly profits, but some gains in productive efficiency may pass onto consumer in the form of lower prices. Earning abnormal profits in the long run may lead to faster rate of technological development thereby reducing costs and producing of better quality. Supernormal profits may be used to invest in research and development programmes that have the potential to bring dynamic efficiency gains to consumers in the markets. Question 2 (a): Explain what is meant by normal and abnormal profit and when such profits might occur? (12 marks) Normal profit is the minimum level of profit that a company needs to remain competitive in the market. If firms in an industry are making normal profit, then there is no reasons for them to leave or for other firms to join the industry. Normal profit occurs when revenue equals cost. Abnormal profit (or super normal profit) is profit in excess of normal profit. If firms in an industry are making abnormal profit, then there is a reason for other firms to join the industry if they can. Abnormal profit occurs when the revenue is greater than the costs. A. Perfect Competition In the short run, firms can make abnormal profits or losses, whereas they can only make normal profits in the long run, as illustrated below: Figure 3: The short run and long run in perfect competition B. Monopoly Monopolies can earn abnormal profits in the short run and in the long run due to the existence of strong barriers to entry. Figure 4: The short run and long run monopoly market C. Monopolistic Competition Monopolistic competition involves many sellers with differentiated products, e.g. shoe producers or restaurants. In the short run, firms can make abnormal profit whereas in the long run, other firms will be attracted by the abnormal profits causing firms’ demand to fall until only normal profits are made. Figure 5: The short run and long run monopolistic competition As a conclusion, if firms are making abnormal profits, other firms will be attracted by such profit, and will try to enter that particular market to reap some of that profits. As a result, firms in perfectly competitive market and monopolistic competitive market will enjoy normal profit with the entrance of new firms in the long run. On the other hand, firms in monopoly market will enjoy abnormal profits both in the short run and in the long run due to the existence of strong barriers to entry. Question 2 (b) Discuss the three reasons as to why people demand money, according to the liquidity preference theory (13 marks) According to Keynes’ Liquidity Preference theory, people demand moneyand hold their wealth in monetary form because of the following three main reasons: A. Transaction Motive Day-to-day transactions are performed by both individuals and firms. An individual person holds cash in order to meet his/her daily expenditures. Business holds cash to meet its current needs such as payments of raw materials, etc†¦ Therefore, we can say that money needed by consumers, businessmen and others, is known as the demand for money for transactions motive. This demand depends upon the following: Size of the income: If income is high, more will be available for daily transactions and vice versa. Time gap between receipts of income: If a person gets his pay daily, he/she will demand less cash and vice versa. Spending habit: If a person is spent a lot, he/she will do more transactions and thus will demand more money. B. Precautionary Motive Precautionary motive for holding money refers to the desire to hold cash for unforeseen contingencies such as illness, accidents, unemployment, etc Business keeps cash reserve to safeguard their future. This type of demand for liquidity is called demand for precautionary motive. This demand depends upon many factors: Size of the income: If a person earns a high income, he/she will demand more money for safeguarding his future. Nature of the person: Some persons are optimistic, i.e. they anticipate less of future risk and danger, and hence they will demand less money for precautionary motive. On the other hand, pessimistic persons foresee dangers, calamities, and emergencies in the future, and hence, they want to have more cash with them. Farsightedness: They are persons who can proper guess of the future, and thus they will keep more money (in cash) with then in case of more emergencies expectation and vice versa. C. Speculative Motive The speculative motive relates to the desire to hold cash and take advantage of future changes in the rate of interest or bond prices. For instance, if the price of bond is expected to rise, meaning the rate of interest is expected to fall, then people will buy bonds and sell later when the price rises, and vice versa. According to Keynes, â€Å"the higher the rate of interest, the lower the speculative demand for money and vice versa†. Figure 6: Money Demand Curves (liquidity preference theory) Keynes hold that the transaction and precautionary motives are completely interest inelastic, whereas the speculative demand for money is a smooth curve which slopes downward from left to right, as illustrated in above figure. References GILLESPIE, A (2001) Advanced Economics through Diagrams. [Online] 2nd Ed.  UK: Oxford University Press. Available from: https://books.google.mu/books?id=vR-cjX2e-bkCpg=PA33dq=normal+and+abnormal+profithl=ensa=Xei=Wi4EVfKiCcH5UISKhLAIved=0CBMQ6AEwAA#v=onepageqf=false  [Accessed: 14th March 2015] ECONOMICS ONLINE (2015) Barriers to entry [Online] Available from:  http://www.economicsonline.co.uk/Business_economics/Barriers_to_entry.html  [Accessed: 14th March 2015] ECONOMICS.HELP (2012) Barriers to entry [Online] Available from:  http://www.economicshelp.org/microessays/markets/barriers-entry/  [Accessed: 14th March 2015] GOVT. T.ROMANA COLLEGE Keynes’ Liquidity Preference Theory of Interest [Online] Available from: http://www.trcollege.net/study-material/24-economics/40-keynes-liquidity-preference-theory-of-interest [Accessed: 17th March 2015] INVESTOPEDIA (2015) Liquidity Preference Theory [Online] Available from:  http://www.investopedia.com/terms/l/liquiditypreference.asp [Accessed: 17th March 2015] ECONOMICS ONLINE (2015) Money and Monetary theory [Online] Available from:  http://www.economicsonline.co.uk/Global_economics/Money_and_monetary_theory.html [Accessed: 17th March 2015] TUTORS2U.COM Liquidity Preference Theory [Online] Available from:  http://www.tutors2u.com/rte/File/Economics/LIQUIDITY PREFERENCE THEORY.pdf [Accessed: 17th March 2015] MOSCHANDREAS Maria (2000), Business Economics.  Cengage Learning EMEA HOAG, Arleen J. and HOAG John H. (2006) Introductory Economics [Online]  World Scientific. Available from: https://books.google.mu/books?id=-2AcaoqC-28Cdq=efficient+allocation+of+resources+in+perfect+competition+market+and+monopolysource=gbs_navlinks_s  [Accessed: 1st April 2015] SEXTON Robert (2015) Exploring Economics [Online] 7th Ed.  Cengage Learning. Available from: https://books.google.mu/books?id=YDdBBAAAQBAJdq=efficient+allocation+of+resources+in+perfect+marketsource=gbs_navlinks_s  [Accessed: 1st April 2015] MANKIW N. (2014) Principles of Economics [Online] 7th Ed.  Cengage Learning. Available from: https://books.google.mu/books?id=K-jKAgAAQBAJdq=efficient+allocation+of+resources+in+perfect+marketsource=gbs_navlinks_s [Accessed: 1st April 2015] BAUMOL W. and BLINDER A. (2015) Microeconomics: Principles and Policy [Online] 13th Ed. Cengage Learning. Available from: https://books.google.mu/books?id=XwW0BAAAQBAJdq=efficient+allocation+of+resources+in+monopolysource=gbs_navlinks_s  [Accessed: 1st April 2015] TUTORS ON NET (2007-2014) Resource Allocation under Monopoly [Online]. Available from: http://www.tutorsonnet.com/monopoly-resource-allocation-homework-help.php  [Accessed: 1st April 2015] BYU IDAHO Economic Principles and Problems – Micro [Online]  Available from: https://courses.byui.edu/econ_150/econ_150_old_site/lesson_08.htm  [Accessed: 1st April 2015] KIRZNER Israel M. (2007) Market Theory and the Price System [Online]  Ludwig von Mises Institute. Available from: https://books.google.mu/books?id=h68AKS010W0Cdq=efficient+allocation+of+resources+in+monopolysource=gbs_navlinks_s [Accessed: 1st April 2015] OHRI VK and JAIN TR, Principles of Microeconomics [Online]  FK Publications. Available from: https://books.google.mu/books?id=geSOZshzNt0Cdq=efficient+allocation+of+resources+in+perfect+competition+market+and+monopolysource=gbs_navlinks_s  [Accessed: 1st April 2015] LIPSEY Richard G. and HARBURY Colin (1992) First Principles of Economics [Online]  Oxford University Press. Available from: https://books.google.mu/books?id=cV0EZuJxod8Cdq=efficient+allocation+of+resources+in+perfect+competition+market+and+monopolysource=gbs_navlinks_s  [Accessed: 1st April 2015]  MISSOURISTATE.EDU Monopoly and Perfect Competition Compared [Online] Available from: http://courses.missouristate.edu/ReedOlsen/courses/eco165/Notes/pc-m.htm  [Accessed: 1st April 2015] ECONOMICS.HELP (2012) Diagram of Monopoly [Online] Available from: http://www.economicshelp.org/microessays/markets/monopoly-diagram/  [Accessed: 2nd April 2015] TUTOR2U Potential benefits from monopoly [Online] Available from: http://www.tutor2u.net/economics/content/topics/monopoly/benefits_of_monopoly.htm  [Accessed: 2nd April 2015] ECONOMICS.HELP (2012) Advantages of Monopoly [Online] Available from: http://www.economicshelp.org/microessays/markets/advantages-monopoly/  [Accessed: 2nd April 2015] TUTOR2U (2004) Perfect Competition [Online] Available from: http://www.tutor2u.net/economics/revision_focus_2004/A2_Perfect_Competition.pdf  [Accessed: 2nd April 2015] TRIPLE A LEARNING Efficient Allocation of resources [Online] Available from: http://www.sanandres.esc.edu.ar/secondary/economics packs/microeconomics/page_117.htm [Accessed: 2nd April 2015] TUTOR2U (2012) Perfect Competition – Economics of Competitive Markets [Online] Available from: http://tutor2u.net/economics/revision-notes/a2-micro-perfect-competition.html [Accessed: 2nd April 2015] TUTOR2U (2012) Monopoly Economic Efficiency [Online] Available from: http://www.tutor2u.net/economics/revision-notes/a2-micro-monopoly-economic-efficiency.html [Accessed: 2nd April 2015] YOUR ARTICLE LIBRARY.COM (2015) Resource Allocation: it’s Meaning, Monopolistic, Oligopoly Competition and Resource Allocation [Online]. Available from: http://www.yourarticlelibrary.com/economics/resource-allocation-its-meaning-monopolistic-oligopoly-competition-and-resource-allocation/28945/ [Accessed: 2nd April 2015] YOUR ARTICLE LIBRARY.COM (2015) The Demand for Money: The Classical and the Keynesian Approach Towards Money [Online]. Available from: http://www.yourarticlelibrary.com/economics/money/the-demand-for-money-the-classical-and-the-keynesian-approach-towards-money/10987/ [Accessed: 2nd April 2015] EXPERTSMIND.COM (2012) Keynes Interest Theory [Online] Available from: http://blog.expertsmind.com/2012/03/ [Accessed: 2nd April 2015]

Thursday, September 19, 2019

Linda Pastans Poem Ethics :: Pastan Ethics

Linda Pastan's poem "Ethics" In Linda Pastan's poem "Ethics," the speaker recounts a moral dilemma that her teacher would ask every fall, which has been haunting her for a long time. The question was "if there were a fire in a museum / which would you save, a Rembrandt painting / or an old woman who hadn't many / years left anyhow?" and the speaker tells us through the theme that ethics and moral values can be only learned from the reflection which comes through experience and maturity. In this poem, imagery, diction, and figures of speech contribute to the development of the theme. The speaker in the poem uses images to help to support the theme. For example the statement that "sometimes the woman borrowed my grandmother's face" displays the inability of the children to relate the dilemma to themselves, something that the speaker has learned later on with time and experience. In this poem, the speaker is an old woman, and she places a high emphasis on the burden of years from which she speaks by saying "old woman, / or nearly so, myself." "I know now that woman / and painting and season are almost one / and all beyond saving by children." clearly states that the poem is not written for the amusement of children but somebody that has reached the speaker's age, thus supporting the idea of the theme that children cannot help or understand her or anybody of her age. In addition, when the speakers describes the kids in the classroom as "restless on hard chairs" and "caring little for picture or old age" we can picture them in our minds sit ting, ready to leave the class as soon as possible, unwilling and unable to understand the ethics dilemma or what the speaker is feeling. The choice of words of the author also contributes to the development of the theme. For example, the use of words like "drafty," "half-heartedly," and "half-imagined" give the reader the idea of how faintly the dilemma was perceived and understood by the children, thus adding to the idea that the children cannot understand the burden the speaker has upon herself. In addition, referring to a Rembrandt as just a "picture" and to the woman as "old age," we can see that these two symbols, which are very important to the speaker and to the poem, are considered trivial by the children, thus contributing to the concept that the children cannot feel what the speaker is feeling.

Wednesday, September 18, 2019

Nathaniel Hawthorne’s The Blithedale Romance Essay -- Nathaniel Hawtho

Nathaniel Hawthorne’s The Blithedale Romance In the penultimate chapter of Nathaniel Hawthorne’s The Blithedale Romance, Coverdale offers a â€Å"moral† at the end of the narrative that specifically addresses Hollingsworth’s philanthropic and personal failures: "†¦admitting what is called philanthropy, when adopted as a profession, to be often useful by its energetic impulse to society at large, it is perilous to the individual whose ruling passion, in one exclusive channel, it thus becomes. It ruins, or is fearfully apt to ruin, the heart, the rich juices of which God never meant should be pressed violently out and distilled into alcoholic liquor by an unnatural process, but should render life sweet, bland, and gently beneficent, and insensibly influence over other hearts and other lives to the same blessed end." (348) Coverdale’s â€Å"moral,† which implicates all of the reformers, including both Hollingsworth and himself, implies that an Edenic world created by individuals unwilling to acknowledge a deterministic universe ultimately proves destructive, both to the self and to others. It not only proves fatal for the individual—as evidenced in Hollingsworth’s â€Å"ruling passion,† Coverdale’s disillusionment, and Zenobia’s suicide—but it also proves fatal to the community, composed of â€Å"rich juices† symbolically depicted throughout the novel as fruit, specifically grapes and wine, that represent its members and their desires. When â€Å"pressed violently,† these â€Å"ruling passion[s]† follow an â€Å"unnatural process† that cannot accommodate a â€Å"life sweet, bland, and gently beneficent,† or one that accepts a predetermined course not governed by individual human will. Coverdale’s journey, a journey not only temporally taken through seasons ... ...to establish community in a predetermined world. The latter painting only results in isolation, in the â€Å"death-in-life† state even Coverdale cannot escape at the end. The â€Å"bubbled† world encapsulated in the revelers’ painting offers a momentarily glimpse into the ending Hawthorne does not give the romance. Rather, he leaves us with the last painting’s lesson, the â€Å"broken bubble† that not only describes Blithedale, Hollingsworth, and Zenobia, it also describes Coverdale, who sits in judgement on others, even in his memory, and leaves himself, like the â€Å"New England toper,† in isolation. If, in Hawthorne’s view, we should accept a predetermined course, acknowledging that we have no free will and no possibility for a Paradisiacal world devoid of corruption, then we should also learn to share together in a communal spirit that ultimately defeats absolutism and isolation.

Tuesday, September 17, 2019

The Patriot Act :: Terrorism Terrorist International Education Essay

The Patriot Act As the nation watched in horror the atrocities of September 11th, Nassim Benamara watched his future slip away from him. " I was very worried, because I was supposed to start school a week later in Boston, and I did not know if I could still come to Boston," he said. Two weeks later, he boarded a plane from Algiers, Algeria, with his twin brother Saleem, to attend school here. Three years later, Saleem and Nassim have still not made it back to their home country. â€Å"We hear a lot of stories of international students who go home for vacation, and when they come back they are not let back into the country. We do not want to risk this, so we don't go home ever," Saleem said. Such stories are the result of the unpopular Patriot Act, which was passed on October 26th, 2001, just a few weeks after the terrorist attacks on U.S. soil. President Bush then declared that the act was necessary, to make sure that every so-called â€Å"international student† was in fact attending school. Among the components of the act, the Patriot Act greatly restrains international students in their rights. All their medical, library and school files are available to various agencies, including the CIA, FBI and INS. The school files are part of an online database accessible only to those three agencies, named "SEVIS," or "Student and Exchange Visitor Information System". All schools in the United States with foreign students had to turn over those files by August of last year, or risk a penalty. With just a click of the button, anyone at the INS can find out the student's grades, classes, the address, and much more. Many organizations, such as the ACLU, were quick to denounce the Patriot Act, and the SEVIS registration, as un-democratic. Yet, in this era of terrorism, safety can come at a high risk, David Chanderlain said. As the head of the International Student Office at Northeastern University, it is his job to make sure that all international students are up to date with the new SEVIS forms, that they're taking enough classes, and much more. "Many people don't agree with the Patriot Act, but right now it's necessary," he said. Salim and Nassem agreed with him. "I don't like to have my home searched, I don't like to be treated like a terrorist, but I understand why they do it. It is for my safety too, and there is not much I can do.

Monday, September 16, 2019

New Heritage Doll Essay

Introduction Emily Harris is the Vice president of New Heritage Doll Company’s production division. In mid-September of 2010 she was trying to decide on project proposals for the company’s capital budget meeting in October. Of the proposals presented to her, two of them stood out based on their innovation and ability to strengthen the division’s product lines. The first project, Match My Doll Clothing Line Expansion (MMDC), would extend the warm weather products to an all-weather clothing line. The second project, Design your Own Doll (DYOD), would start with a website where customers would choose the doll’s features, color, etc. and then the dolls will be made to order. The firm could decline both of the proposals because of managerial and financial resource constraints. Other divisions in the company are also expected to promote projects of their own. Because of these factors Harris has to choose to promote one of her division’s projects over the other. The fo llowing questions will help Harris make the best decision for her division and help support her recommendation when communicating back with the divisions executives. 1. Set forth and compare the business cases for each of the two projections under consideration by Emily Harris. Which do you regard as more compelling? The Match My Doll Clothing Line Expansions (MMDC) Project involves expanding the existing successful Match My Doll Clothing line. This clothing line originally consisted of a few sets of matching doll and child clothing for warm weather. Given its current success, there is a consideration to expand it to include all season clothing line. Since it is an expansion to existing product line, investment in operating capital, pricing structure and product cost can be based on historical information. The company should be able to use current sales channels like selling to retail divisions or private labels. New Heritage should be able to outsource manufacturing of this product line expansion to Asia, similar to other existing products. The Design Your Own Doll (DYOD) Project involves creation of new customized dolls to customer’s specification. This project will require new web-based doll-design software. Due to lead time constraints, the company will have to consider manufacturing this made-to-order product line in-house or outsource it to contract manufacturers in USA instead of Asia. This would be a new manufacturing channel for the company. Product cost is expected to be high due to low volume and customized set up. New Heritage Doll Company will have to be thorough when they calculate product cost and price structures for this new product line. This new product will probably be sold through on-line channels only. Without any financial information, the Match My Doll Clothing Line Expansions (MMDC) looks more attractive because it involves less risk and less capital investment and utilizes existing infrastructure and well established sales channels. 2. Use the operating projections for each project to compute a net present value (NPV) for each. Which project creates more value? We assumed that the Match My Doll Clothing Line Expansions (MMDC) Project is a medium risk project since it is an extension to existing successful product line so we used risk-adjusted cost of capital of 8.4%. We believe that project 2 (DYOD) is a much higher risk project since it is a completely new product line for the company and requires an information technology component, so we used risk-adjusted cost of capital of 9%. According to Exhibit 1, the Match My Doll Clothing Line Expansions (MMDC) Project has a Net Present Value (NPV) of $7,150 and Exhibit 2 shows that the Design Your Own Doll (DYOD) Project has a Net Present Value (NPV) of $7,058. Both projects have positive NPV and would create value for the company. However, the Match My Doll Clothing Line Expansions (MMDC) Project has a slightly higher NPV so it would create more value for the company . 3. Compute the internal rate of return (IRR) and payback period for each project. How should these metrics affect Harris’s deliberations? How do they compare to NPV as tools for evaluating projects? When and how would you use each? The internal rate of return (IRR) for the Match My Doll Clothing Line  Expansions (MMDC) is 24.0% based on the NPV calculated above ($7,150). The IRR for the Design Your Own Doll (DYOD) project is 17.9% based on the NPV calculated above ($7058). The calculated IRRs of the two projects do not eliminate either from consideration. Both projects IRR’s are above their individually assigned discount rates, 8.4% for MMDC and the higher (riskier) 9.0% for DYOD. The MMDC Project has an IRR=24%, MIRR=21%, payback of 7.4 years and discounted payback of 9.1 years. The DYOD Project has IRR=17.9%, MIRR=16.4%, payback of 9.1 years and discounted payback of 9.4 years. The MMDC Project has a higher NPV and better internal rate of returns (both IRR and MIRR) than DYOD Project. The MMDC Project has a shorter payback and discounted payback period than DYOD Project. So based on financial analysis, the MMDC Project is more attractive than DYOD Project. The DYOD Project is more capital intensive and even though it might potentially generate higher revenues, it would take longer to generate free cash flow. The NPV is lower for the DYOD Project in this case because it uses higher risk-adjusted cost of capital than the MMDC Project. One point to mention is that the payback period is less sophisticated than IRR or NPV. The payback period looks at the cash flows and determines when the money paid out will be recovered by the benefits of a project. The payback period looks at a project only until the costs have been recovered. This analysis tool is often ignored because it does not take into consideration the time value of money. The time value of money limitation of the payback period can be modified by using the discounted cash flows of a project for the analysis of when the outflows will be recovered. To make the most informed decision the IRRs and payback periods of the projects should be compared in conjunction with the NPVs of the two projects. The NPV analysis of the two projects under consideration indicates that the MMDC Project is the better of the two projects. 4. What additional information does Harris need to complete her analyses and compare the two projects? What specific questions should she ask each of the project sponsors? When comparing the two projects other than comparing the NPV and IRR of each project Harris will need to look at other factors as well. Among the factors that should be considered along with the NPV and IRR, are the manufacturing capabilities, the company’s core competencies, and ensuring that the project aligns with the company’s corporate strategy. With this being said the DYOD Project is at a disadvantage because the MMCD Project is already a successful operation which allows Harris to analyze the historical data as opposed to the project projections of DYOD. Using the factual data provided by MMCD is a less risky option for Harris to choose. In order to ensure that Harris is making the correct decision on which project to select she should ask the following question of each of the project sponsors: Is manufacturing children’s clothing part of the core competencies of New Heritage? Is your project aligned with the mission and long term strategies of the company? What are the differences in New Heritages current market and the doll market? How will scaling up production affect operating and overhead costs? What is the level of risk of the Design Your Own Doll project? Did they consider all hidden labor costs in the MMDC Line Expansion, which are similar to the extra labor costs in the DYOD project? Additionally, it would also be helpful if Harris had information about projects submitted by other departments to make sure that proposed production department projects are in-line with other department projects and an overall company strategy. Even though financially the MMDC Project is more compelling, maybe there is a good reason to pick the DYOD Project. For example, if one of the other divisions is submitting a complimentary project to the DYOD, maybe that would lower the overall risk of the DYOD Project and make it more appealing strategically. 5. If Harris is forced to recommend one project over the other, which should she recommend? Why? Since Harris can only promote one project during the capital budget meeting we would recommend that she support the MMDC Project. Of the two projects presented by her division it has the highest NPV. Financial Management authors Brigham and Ehrhardt state often ‘‘whenever conflicts exist between mutually exclusive projects, use the NPV method†. The NPV method tells us how much a project will add to the value of the company. This is a stated  goal of the New Heritage Doll Company. Also, this project would seem to further solidify relationships with strong customers and gain new ones by broadening the brand and leveraging existing infrastructure.

Sunday, September 15, 2019

Napoleon was a child of the Enlightenment Essay

Assess the validity of this statement by using specific policies and attitudes of Napoleon. During the time period of the French Revolution, many governments came and went as a result of the unorganized and often times, radical political regimes that were recklessly installed by desperate people longing for equality and liberty. The French were inspired by the new liberal notions and ideas of political and economic rights for all proposed by Enlightenment thinkers. As different forms of governments and their leaders among them passed, one man named Napoleon Bonaparte rose to power by manipulating the Directory and the French people to enable him to assume authoritative powers over his subjects and, as a side effect, majority of continental Europe. Bonaparte used his autocratic powers to maintain the rights achieved during the revolution and inject new Enlightenment he had been educated from the small island of Corsica as long as they did not interfere with his thirst for power. Napol eon Bonaparte rose to power via the arrogance of a political leader who failed to comprehend the influence of Bonaparte and his army. Napoleon Bonaparte issued a constitution, the Constitution of Year VIII, to clarify his new political intentions he would impose. With this constitution, he created an illusion to the French people that people from all fractions of the political spectrum would be content with. His constitution appealed to the common man and democratic supporters with â€Å"universal male suffrage.† An elaborate system of checks and balances between each sector of his government appealed to republican supporters. Also, the Council of State would satisfy any monarchists that remained in France. However, as an intellectually-inclined individual from his education in philosophy and military strategy, Bonaparte provided the French with a sound and stable state and what appeared to be a constitutional government in which he knew that the public would eat up his legal proposition. Bonaparte also simplified and cleaned up the French government and its legal system with reforms such as the Civil Code o f 1804, or more commonly known as the Napoleonic Code. Napoleon Bonaparte created reforms that were based off of the education he received as a boy from the Age of Enlightenment that would thus act as a tool for nation-building and continental domination. Napoleon Bonaparte demonstrated from his enlightened point of view that religion could be separate from government–but does not have to be totally eradicated from society itself to achieve such an intention–with the concordat with Pope Pius VII. He also treated all faiths equally by emphasizing that the state was supreme over whatever religion or denomination it may be like how he enacted laws on both Protestant and Jewish communities in the Roman Catholic dominated France. Bonaparte maintained the abolishment of the practice of primogeniture. Napoleon also went on a rampage all of Europe to expand his empire. As he marched throughout Europe, he liberated peasants by eliminating the economic and social practice of serfdom. Napoleon Bonaparte developed in an environment that was saturated with philosophical ideas pertaining to social and religious ideas that Enlightenment thinkers studied and discovered new ways of the ways people could interact such as religious toleration and social equality. Napoleon Bonaparte grew up in a home that was greatly influenced by Enlightenment ideas and principles. This statement can be reached with Bonaparte’s actions that were obviously liberal and new to the decades prior to the French Revolution. He did assume total control over France and the continent of Europe, but he did permit some liberty and freedom to his loyal subjects. Bonaparte used Enlightenment ideals to gain power and used them to maintain power by convincing he was still providing what the liberal bourgeois and nobility had been fighting for and along with some new ideas that did not go against his drive for authoritative powers. In all Napoleon Bonaparte utilized his Enlightenment education to manipulate the French and free many serfs and to control France and later Europe.

Why was the Cuban Missile Crisis a turning point in Cold War Relations?

The Cuban missile crisis had relieved the tensions and possibilities of a nuclear war between the two superpowers. The USA had attempted to destroy Castro’s regime, with the April 1961 Bay of Pigs invasion where 1,400 Cuban rebels attempted to invade the island. The USSR had come to the aid of Cuba, providing nuclear missiles aimed at major cities in USA. The USA ordered a naval blockade to prevent Soviet ships from transporting the missiles to Cuba. The threat of a nuclear war was apparent and eventually the two superpowers made an agreement stating the removal of the US missile sites in Turkey in exchange for the USSR missile sites in Cuba, aborting the possibility of nuclear annihilation. The two superpowers were at the brink of a nuclear holocaust but the crisis made them realise the policy of brinkmanship was dangerous so they abandoned it, which is why the crisis is viewed as a turning point. The crisis had also improved US-USSR relations. USA and the USSR were prepared to avoid a future crisis after they realised the policy of brinkmanship nearly caused a nuclear war. A telephone hotline was set up between the White House and the Kremlin to provide swift communication and in August 1963, a Test-Ban treaty was signed, outlawing the test of nuclear weapons. Therefore, the Cuban Missile Crisis was a turning point in Cold War relations because the two superpowers developed a friendship, putting the effort in to reduce risk of a recurrence. On the contrary, it could only be described as a turning point in this period because they were reducing the risk of a crisis but they did not preserve their relations later on. The crisis had also led to world peace. The superpowers had avoided a nuclear war and in doing so prevented the destruction of the world. The USA did not bother Cuba again and the Soviet missiles were removed from Cuba. The superpowers realised that peaceful negotiations can help solve predicaments and both leaders were credited for their part in maintaining world peace. The crisis is a turning point as before, the world wasn’t peaceful with USA trying to rid the world of communism and the relations between superpowers were negative. However, in this time period, they had restored world peace by negotiating terms. The Cuban Missile Crisis influenced Cold War relations strongly. The two superpowers had now realised the dangers of adopting the policy of brinkmanship and made an effort to avoid a recurrence of the crisis again by understanding the importance of swift communication.

Saturday, September 14, 2019

Should Teenagers Be Tried as Adults

* Should teenagers be tried as adults? Opinions differ. Some people argue that teenagers don't know what they are doing when they commit a crime and are still too young to comprehend what is right and wrong. I totally disagree. I am old enough to know that committing a crime is wrong and that if I commit one, I will be punished. Anyone who says teens can't tell right from wrong is either too old to remember what being a teenager is like or they are a teenager who has committed a crime and don't want to be tried as an adult. In either case, they are wrong. All teens know that killing is wrong, yet they do it anyway and get away with a light sentence because of their age. Even if a teen didn't know it was wrong, it doesn't mean it's right. They should still be punished. If they aren't, they will think that crimes are okay and continue to commit them. Teens today don't fear the law because they don't think they will get caught. And if they do, they know they have a good chance of getting off because they are tried as teens and not adults. We have to get tougher on crime. There should be a law that everyone over eleven years old will be tried as adults. That way more teens would be discouraged from committing crimes. They would know that murder would get them a very long sentence instead of staying in juvenile hall until they are eighteen. If we want to cut down on teen crime, we have to have tougher laws. ? * I don't think there is any excuse for committing a crime. * i think it depends on the crimes stances. hat if a kid kills their physically abusive parents in those cases there should be special treatment. However crimes of passion and maybe drugs should they should be tried as adults. * Since we're talking about murder cases, I believe that teens should be tried as adults. If not, they are most likely going to repeat the crime knowing that they won't get in any serious trouble. For example, I know people who have stolen things of mine because they figured they were only 10 and there was no one who would really pun ish them if they were caught. Now, at 13 they are still stealing because they think it's okay. Now if you're a teenager, you know that murder is wrong (unless it's in self-defense) so there is no excuse for doing so. * A rising number of juveniles under the age of 18 are not only being charged for crimes as adults, but are serving in adult jails and even serving life sentences. Every state has some mechanism in place that allows juveniles charged with certain crimes to be tried in criminal court as adults. Thousands of children annually are even being â€Å"automatically† transferred to adult criminal court. Much of the change in the laws over the past few decades making it easier to try youths as adults has been in part due to the increase in juvenile crime and public outrage over particularly violent crimes and repeat juvenile offenders. The most common increases in juvenile crime have been noted with respect to gang violence, school shootings, increases in drugs in youth neighborhoods, and even increases in bullying among peers.

Friday, September 13, 2019

An Analysis of the Seniority Problem Essay Example | Topics and Well Written Essays - 2750 words

An Analysis of the Seniority Problem - Essay Example Seniority in Companies can be positive or negative. This paper will discuss the positive and the negative of Seniority in companies non-unionized and unionized. How will Seniority affect the Company, Management, Co-Workers? The concept of seniority refers to an individual or a group who is in charge of or commands another individual or group. In companies seniority is often followed by additional privileges such as higher salary, more authority over subordinates, favorable work hours etc. â€Å"Seniority means precedence of position, especially precedence over others of the same rank by reason of a longer span of service. It is a system often used by employers as a basis for granting job benefits† (US Legal, 2009). Seniority systems help in protecting the employees from indiscriminate termination, occasioned by whims, malice or prejudice of the employer. On the other hand, it also helps in creating a harmonious work environment, filled with co-operation and solidarity amongst the workers (Ezorsky, Nickel, 1987). Several companies are known to offer job bidding rights to their employees which facilitate them in availing several perquisites. However these bidding rights are subject to certain restrictions imposed by the organizations, for instance, the employee claiming such a benefit must be employed in the company for a period of at least 12 months and / or worked in his capacity for a period of at least 6 months in his current job. Those who qualify are eligible to bid for additional benefits offered by the company such as promotion or transfer. According to Edwards (1993) â€Å"The right to seniority preference is closely linked to job – bidding rights†. In some organizations seniority preference rather often tend to be the determining factor in for employment, promotion, or transfer, and where factors such as qualification, skill and work record are more or less equal, seniority is

Thursday, September 12, 2019

Ethics and the Criminal Justice Profession Case Study

Ethics and the Criminal Justice Profession - Case Study Example He fails to document this information." (Rothlein, 2007). This case shows that evidence has been discarded that may or may not affect the case. It is not within the bounds of the detective to determine that. All evidence must be disclosed. This case essentially tells how important the Brady v Maryland case is in the everyday job of the police officer or investigator. This in many ways is a difficult question to answer. No one wants to be held to a higher standard than those around them. However, I again quote the Law Enforcement Code of Ethics. In paragraph two it says: "I will keep my private life unsullied, as an example to all: I will be exempletory in obeying the laws of the land and the regulations of my department."(Law Enforcement Code of Ethics). If we do not hold the police officer at a higher standard than what might that affect when it comes time to prosecute a criminal If the arresting officer is known to indulge in drug abuse off duty and then arrests someone for doing the same while on duty, how does he justify that Because it is the law.

Wednesday, September 11, 2019

Napoleon in egypt and his effect on education , newspaper ,edition, Essay

Napoleon in egypt and his effect on education , newspaper ,edition, military - Essay Example t the months Alexander spent in Egypt, from late October 332 till April 331, marked a psychological turning-point in his life." By right of conquest Alexander "became simultaneously god and king, incarnation and son of Ra and Osiris; he was Horus the Golden One, the mighty prince, beloved of Amen, King of Upper and Lower Egypt."2 Previously, in Macedonia, rumours of Alexander being the son of a God had circulated. His mother claimed his father was Zeus-Ammon and it was said that he had a ring as a token of this paternity. However, it was in Egypt for the first time "he learnt that he was in truth a god, and the son of a god. Greek tradition distinguished sharply between the two; Egypt did not."3 He was not merely the son of a God but a God. Over two millennia later another rising military and imperial star, Napoleon Bonaparte invaded Egypt. Like Alexander before him, Napoleon, for a host of diverse reasons, both personal and political, opportunistic and strategic, turned his eyes to the Nile delta. The campaign is regarded as one of his first defeats. However, while it may have been a failure militarily, and was followed by Bonaparte becoming First Consul, then Emperor, and it had profound consequences on European history beyond the military and strategic. The months Napoleon spent in Egypt cannot be described as a psychological turning-point in his life, as they were for Alexander. However, the fact of the matter is that, Napoleon departed for Egypt as a leading military leader and returned a candidate for Emperor. Militarily, the campaign was a defeat. The Army of Italy was shipped to Egypt and campaigned along the Nile. It won some battles and it lost some battles. Ultimately, Nelson destroyed the French fleet in Aboukir Bay and left the army stranded in Egypt. At this point Napoleon returned to France where he became First Consul. Critics argue he abandoned his army in Egypt. His advocates claim he returned to the seat of government to rescue the

Tuesday, September 10, 2019

Internal combustion engine Essay Example | Topics and Well Written Essays - 500 words

Internal combustion engine - Essay Example Since the ports remains open during up word stroke, the actual compression starts only after both inlet and exhaust ports have been closed. So actual compression ratio and the thermal efficiency of the two stroke cycle engine is less than that of four stroke engine of the same dimension. In two stroke cycle engines the number of power strokes per minutes are twice the power strokes of four stroke cycle engine. So the capacity of cooling system used must be higher. The cooling of the engine also presents difficulty as quantity of heat remover per minutes is large. The piston gets over heated due to firing in each revolution and oil cooling of the piston is necessary. In two stroke cycle engine some of the fresh charge is mixed with burnt fuel and exhaust through the exhaust port which causes high fuel consumption. So two stroke cycle engine is not widely used except in the case where size is compact for example light vehicles, scooters, out board motor, motor cycle etc .Large two stroke cycle engine are generally CI engines. Two stroke CI engines are better for slow and moderate speeds.

Monday, September 9, 2019

Information Systems Use Security Policy Assignment

Information Systems Use Security Policy - Assignment Example When a company begins to address the proper use of its information systems, the challenges that emerge also expose the firm’s administrators to problems ranging from time delays, poor product performance and overruns in costs which come as a surprise. For a growing company, the many problems and opportunities that arise may demand different ways of approaching them. A solution that worked one year ago may no longer work in future. In a growing business, the source of information that a company uses when conducting its research needs to come from the right source. Using ineffective information systems makes it extremely difficult to get information and the purchasing behavior of customers analyzed. Even when the company begins to use and implement its information systems successfully, the systems may not present the proper view of the firm’s increased efficiency (Sousa & Effey, 2014). An excellent example in an organization is the use of emails. The use of emails is a trend in most firms, but their increases in volumes are no doubt a source of time drain for the individual and the organization. As the IT services manager for Sunshine Machine Works, I propose the use of the following guidelines. An increase of employees to more than 100 staff members and computers shows that the company is growing at a successful rate. A written policy on use of computers by all staff members in the organization is one of the best ways of preventing breach of sensitive information such as financial data, personal employee data. A guideline will also ensure that there is a centralized file storage system in the firm. Time limits: The first guideline to consider when creating this policy would be the time limits. As the administration panel in the organization, the Chief Executive officer, Chief Financial officer and general manager would be required to lead by example. Computer time should be strictly reserved for certain period, such as when files

Sunday, September 8, 2019

Case Analysis Report Study Example | Topics and Well Written Essays - 1250 words

Analysis Report - Case Study Example They are situations that are merely beyond control of the organization. First, there were technical problems caused by weather conditions and malfunctioning of the parts manufactured by the contractors. At the time of different scheduled launches, there existed poor atmospheres that could not allow spacecrafts to operate. As a result, there was an adjournment at various dates. On the other hand, the parts that were manufactured by Thiokol were an ineffective and an exposed danger to human beings. Thus, there was need to correct them before NASA could operate as a result hindered NASA operations and reduced confidence from the stakeholders. NASA experienced economic shortage in finance due to reduced funding from the Congress. The country was embroiled in war with the Vietnamese, hence had reduced their support to the organization. Thus, they could not work as per their specifications and had to revert to more cost effective ways. This limited their goals and could not make effective decision on their own since there was a control from the government sect. Due to these inefficiencies, it meant that the organization could not achieve its objectives and had to be rational enough if they were to succeed. They had to prolong maturity dates of the project, abandon the most sophisticated space crafts and manufacture according to budget. The management also had to spread work as they did in the three branches to allow for more consultations and smooth workflow. Roger Bosjoloy was an expert in the solid rocket booster at the Morton Thiokol. He was charged to oversee an efficient manufacture of the O-ring rocket parts. The unit he led played a significant part in the launch of the challenger however much they experience technical problems. He was however in support of the launch of the challenger regardless of the problems he knew existed. To persuade

Saturday, September 7, 2019

Women and society Assignment Example | Topics and Well Written Essays - 250 words - 1

Women and society - Assignment Example In Perspectives of Native American Women on Race and Gender, I believe that there is a huge need to educate the public on the history of the Black women (Kirk & Okazawa-Rey 101-113). It is evident that the Black women were not favored by their culture and past; thus, placing them at a lower rank than the White women. I am also of the opinion that with exposure and enlightenment the Native American will present double development. It is also evident gender bias has simply been derived from societal perceptions that do not have any valid reasons. In A Question of Class, I concur with the author that lots of people of a similar class often share their sentiments (Kirk & Okazawa-Rey 123-130). The poor are ashamed of their life and will stick to similar persons such as Dorothy did in her childhood (Kirk & Okazawa-Rey 123-4). I also agree that most people make endless attempts to shift from their lifestyles to others. This explains why the poor are ashamed of their lives and will even attempt to escape their real lifestyles. Some even assume their current statuses to avoid having a real glimpse of their real

Friday, September 6, 2019

The decline of the Great Muslim Empires Essay Example for Free

The decline of the Great Muslim Empires Essay From the middle of the fifteenth century and up to the end of the eighteenth century three Great Muslim Empires had been dominating in the Islamic zone of then world: the Ottoman Empire in Asia Minor, the Mughal Empire in India, and the Safavid Empire in Persia, forming the most rapidly expanding forces in world affairs (Kennedy 1989). They all failed sooner or later due to the internal factors such as weakening of centralized political control, excessive enlargement of the territories, religious diversity, and rulers conservatism resulted in failure to implement the modern technologies (Kennedy 1989). The prevailing factors of their sunset were not the same for each of them, although there were several common ones. But the major contribution to the process of their decay was made by the outer world. Internal weaknesses were enough to wreck the Muslim empires, but each also failed to recognize the threat to their dominance posed by the rise of the West. By the beginning of the seventeenth century the main world communication routes didnt pass through the Middle East any more and the European states dominated at sea turning a profit from their advances in science and technology and successfully carrying out the gunpowder policy as well as promoting their trade on the territories earlier controlled by the Muslim empires (Wells 1933). To find the factors which led to the decline of the Great Mughals, the Safavid Dynasty, and the Ottoman Empire, while the Europeans went ahead, we should investigate their features, compare them and draw a conclusion.   Considering chronology of their decline, one can find a certain similarity – the period of extinction went along by the reign of a certain leader: the Ottomans fell apart after Suleyman the Lawgiver rule, the Safavids – by the end of Abbas Is reign, and the Mughals – after Aurangzers rule. The timing of collapse for the Ottoman, Safavid, and Mughal empires substantially differ. While the Ottoman state declined for the period of three centuries, the Safavids drop was much faster as well as those of the Great Mughals. The reason of rapid Safavids decay noticeably lied in the uselessness to defend from the neighboring Ottoman Empire in the seventeenth century resulted in complacence of the Safavid Shans, their growing corruption and decadence. The Mughal Empires fall is owed to heavy hand rule and aggressive East India Company trade policy. Ottoman rulers in turn had a very short–term policy unwilling to develop their territory as well as to invest in it and mercilessly exploiting land and peoples, they relied on continuous expansion for stability, and when the empire did not grow, it gradually collapsed (Hooker 1999). The Ottoman Empire was the long–lived one in comparison with the Mughals and the Safavid dynasty (a short–lived one). It reached its peak by 1600 under the reign of Suleyman the Magnificent and then has been gradually declined up to the end of the eighteenth century, but even survived through the First World War, and was disbanded in 1918. The Mughal Empire survived until 1857, it, as Phillip Myers affirmed, lasted upwards of 300 years, – until destroyed by the English in the present century, but in fact its rulers after 1803 were the pensioners of the East India Company (Myers 1902). As for the Safavids their demise after the reign of Abbas I was too prompt, and internal disorder plagued the empire which resulted in Afgans successful conquest of its capital Isfahan in 1722 (Hooker 1999). The Ottoman Turks†¦ were to falter, to turn inward, and to loose the chance of world domination†¦ To a certain extent it could be argued that this process was the natural consequence of earlier Turkish successes: the Ottoman army, however well administrated, might be able to maintain the lengthy frontiers, but could hardly expand farther without enormous cost in men and money (Kennedy 1989). The latter thought by Paul Kennedy could be referred not only to the Ottomans – it also determines one of the main economic reasons underlying the nature of Safavids and Mughals sunset. It is very expensive business to run an empire encompassing vast territory and one day such empire becomes too big to be successfully governed. The rapid expansion of the Muslim Empires spread their governments and military administrations too thin. The enormous expenses impoverished them and built up long–standing hostility among the people towards the lavish emperors. This subsequently led to the frequent rebellions and instability in the society in all three concerned empires (Hooker 1999). The lack of flexibility in attitude to the newer weaponry and resistance to any military technology that threatened the dominance of the Muslim Empires caused them to fall behind Western nations. Backwardness of Janissaries, their hereditary membership since 1637 resulted in transformation of Ottomans powerful army into a mob of cobblers and weavers. In case of the Mughals the most dramatic effect was taken by the recruitment of slave armies that finally became to dominate their hirers and govern independently. Similarly to them the Safavid Shan Tahmasp I begun introduction of converted slaves into military since the middle of the sixteenth century who later would acquire positions of influence under Shah Abbas I. But after conclusion of the treaty delimitating frontiers with the Ottomans in 1639 the army got peace and declined in size and quality (Kennedy 1989). During the seventeenth century all three empires showed the signs of weakening centralized political control. At the same time vast corruption among the bureaucracy and local aristocracy became evident. In the Safavid Empire which was a theocracy unlike the Ottoman and Mughal nations a new class of wealthy religious aristocrats owed everything to the state, but plundered it. Later sultans in the Ottoman Empire reduced to puppets dominated by Janissaries and viziers. Venality and corruption run through all level of bureaucracy. The last Mughal powerful emperor Aurangzeb decided to extend the territory under his control to the entire Indian subcontinent, and this campaign although being successful emptied his exchequer and increased his enemies. He faced rebellions in the north, and throughout the empire Islamic invaders, Hindu separatists and Sikh revolutionaries caused centralized political control to break down. Furthermore the rebellions in all three empires were excited over economic reasons: the heavy tax burden posed on peasants, alienation of the non–Muslim merchant classes in the Ottoman Empire; land seizures from Quizilbash landholders by the Safavid ruler Abbas I; a punitive tax on Hindu subjects re–imposed by the Mughal emperor Aurangzeb (Hooker 1999). Religious diversity also contributed to the Great Muslims decay, although not so much as the above mentioned factors. Without religious tolerance the empires got a great many internal enemies disposed to the rebellions. The complexity of religion issue interrupted also the further development of the Muslim Empires. For example, Paul Kennedy stated with respect to the Mughals, that the system was weak at the core. The sheer rigidity of Hindu religious taboos militated against modernization (Kennedy 1989). The crisis in the Muslim Empires deepened also due to the external factors. They all were based on land routes, not sea travel, and this enabled the Europeans to dominate in trade by sea after discovering African water route to India by the Portuguese explorers. Muslim monopoly of trade with Asia ended then which unsettled the Ottoman economy and led to the inflation there. Although the English occasionally traded through Persia, the Safavids economy was weakened as well by the general loss of trade. Since the seventeenth century the trade routes in the world went through the oceans, which let the Europeans to have a great advantage controlling the trade by sea with India and the Far East. Having no seafaring skills, the Muslim Empires failed to resist to such domination, and they were to be reconciled with the presence of the Europeans in their cities (Wells 1933). In conclusion, the immense Muslim Empires were doomed to lose to the Europeans who advanced in science and technology, removed one of the sources of profit for the Muslim merchants having discovered new trade sea routes, and rose powerful nation–states able to gain territories not only due to gunpowder policy, but as the result of successful economic invasion. The Western Europeans, and particularly the Dutch, the Scandinavians, the Spanish, the Portuguese, the French and the British were extending the area of their struggles across the seas of all the world†¦ Great innovation, the ocean–going sailing ship, was inexorably extending the range of European experience to the further most limits of salt–water (Wells 1933). Bibliography Hooker, Richard. World Civilizations. Islam. Washington State University Web Site. 1999. http://www.wsu.edu:8080/~dee/MODULES.HTM Kennedy, Paul. The Rise and Fall of the Great Powers. London: Fontana Press. 1989. Pp. 10–16. Myers, Phillip V. N. A General History for Colleges and High Schools. Boston, U.S.A., and London: CINN Company Publishers. 1902. Pp. 460–464. Wells, Herbert G. A Short History of the World. London: Waterlow Sons Ltd. Printers. 1933. Pp. 168–235.

Has the lottery replaced the government in the funding of education Essay Example for Free

Has the lottery replaced the government in the funding of education Essay The overarching aims of education underlie the construction of the curriculum and funding. Education, in the broader sense, aims to develop the individual, to enlarge a child’s knowledge, experience and imaginative understanding, and thus his awareness of moral values and capacity for enjoyment and also to enable the child to take his place in society. The school education on the other hand, has the aim to provide opportunities for all pupils to learn and achieve, to promote spiritual, moral, social and cultural development and to prepare pupils for the opportunities, responsibilities and experiences of life. Consider the school of the late 20th century. It has not changed a whole lot in the last fifty years or so. Isolated from the rest of the world except for one or two school-business partnerships. Working at the edges of the school, these partnerships attempt to provide students with some insight into the working world or give some marginal discretionary resources for the principal to use. The resources are used on one of a multitude of unrelated programs that the school has set up to cope with the problems that society has dumped on the school. The school itself has created barriers that shelter and isolate it from the work of the world that goes on around it. The technological innovations that are pervasive in the business world have yet to penetrate the classrooms except for a single computer in each classroom that the teacher barely knows how to use. Few business people, even the partners, ever come to school; those who do are shocked by the conditions they find and by the discipline problems with which teachers must contend. Still they are comforted by the fact that school feels pretty much like it did when they went to school. On the other hand, the quality of services on a university campus is one thing; to measure the quality of manufactured goods is another matter. Chubb, J. and Moe, T. takes this further and says that a service cannot be objectively measured. Such frustration stems from the difference between services and goods. For example, educational services are intangible and cannot be packaged, displayed or inspected fully by prospective students. Services also have a perishability problem because they cannot be stored for future delivery: when students cut class, the professors time is wasted. Unlike goods, services are difficult to separate from their provider: an academic course is as fascinating or as boring as the professor. There is also a lot of variability in services. For example, the mood of the professor could impinge on his or her tolerance for chatting in class. Services are difficult to standardize. Unlike manufactured goods, services are not as susceptible to strict quality control. With regards to these needs in education, more states are actually looking for fund in order to pursue educational development. Out of 42 states that uses lottery, 24 of it uses the proceeds for school financing aside from the support of the government. In line with this research, the data that describes the 2005 and 2006 development of schools in each state considered. Basically, this paper attempts to identify if the massive lottery practices in each states promotes educational development in terms of funding. The Report  From the previous discussion, The Chicago Reporter found out that the lottery does not supplement school funding, even though the proceeds goes directly the state’s Common School Fund. On the other hand, the South Carolina Education Lottery was approved by constitutional referendum in 2000, and implemented shortly thereafter. In contrast to other education lotteries, the legislation establishing the lottery contains substantive measures to ensure that lottery revenues supplement, rather than replace, general fund tax revenues earmarked for education. Aside from this, the involvement of lottery in funding the schools’ needs show a good advantage as California Performance Review supported the option. California lottery players, retailers and, most importantly, its public schools, all stand to gain from changing state laws that restrict the lotterys ability to increase sales. These changes are not only consistent with the mandated purpose of The Lottery Act as approved by the voters, they represent the only risk-free way to ensure that lottery dollars to education will not actually decrease. In line with this, this paper will evaluate and compare the current development in 46 states in which 24 of it uses the proceeds of lottery to education while the other 22 only uses the support of the government. The Method To determine the current performance of schools in 46 states, the researcher compares the amount of budget between states w/ lottery proceeds used in school funding and states w/o lottery proceeds used in school funding. To determine the difference of budget between these states and the status of development in each school, the researcher conducted an analysis from the data obtained in these 46 states (The distribution of data is shown in the Appendix A) using t-test procedures. From 24 schools that are currently using lottery proceeds, the analysis of their education budget was also compared to their previous years in which lottery proceeds is not being considered (see Appendix B). The use of its mean and coefficient of variation are performed for evaluation of budget.

Has the lottery replaced the government in the funding of education Essay Example for Free

Has the lottery replaced the government in the funding of education Essay The overarching aims of education underlie the construction of the curriculum and funding. Education, in the broader sense, aims to develop the individual, to enlarge a child’s knowledge, experience and imaginative understanding, and thus his awareness of moral values and capacity for enjoyment and also to enable the child to take his place in society. The school education on the other hand, has the aim to provide opportunities for all pupils to learn and achieve, to promote spiritual, moral, social and cultural development and to prepare pupils for the opportunities, responsibilities and experiences of life. Consider the school of the late 20th century. It has not changed a whole lot in the last fifty years or so. Isolated from the rest of the world except for one or two school-business partnerships. Working at the edges of the school, these partnerships attempt to provide students with some insight into the working world or give some marginal discretionary resources for the principal to use. The resources are used on one of a multitude of unrelated programs that the school has set up to cope with the problems that society has dumped on the school. The school itself has created barriers that shelter and isolate it from the work of the world that goes on around it. The technological innovations that are pervasive in the business world have yet to penetrate the classrooms except for a single computer in each classroom that the teacher barely knows how to use. Few business people, even the partners, ever come to school; those who do are shocked by the conditions they find and by the discipline problems with which teachers must contend. Still they are comforted by the fact that school feels pretty much like it did when they went to school. On the other hand, the quality of services on a university campus is one thing; to measure the quality of manufactured goods is another matter. Chubb, J. and Moe, T. takes this further and says that a service cannot be objectively measured. Such frustration stems from the difference between services and goods. For example, educational services are intangible and cannot be packaged, displayed or inspected fully by prospective students. Services also have a perishability problem because they cannot be stored for future delivery: when students cut class, the professors time is wasted. Unlike goods, services are difficult to separate from their provider: an academic course is as fascinating or as boring as the professor. There is also a lot of variability in services. For example, the mood of the professor could impinge on his or her tolerance for chatting in class. Services are difficult to standardize. Unlike manufactured goods, services are not as susceptible to strict quality control. With regards to these needs in education, more states are actually looking for fund in order to pursue educational development. Out of 42 states that uses lottery, 24 of it uses the proceeds for school financing aside from the support of the government. In line with this research, the data that describes the 2005 and 2006 development of schools in each state considered. Basically, this paper attempts to identify if the massive lottery practices in each states promotes educational development in terms of funding. The Report  From the previous discussion, The Chicago Reporter found out that the lottery does not supplement school funding, even though the proceeds goes directly the state’s Common School Fund. On the other hand, the South Carolina Education Lottery was approved by constitutional referendum in 2000, and implemented shortly thereafter. In contrast to other education lotteries, the legislation establishing the lottery contains substantive measures to ensure that lottery revenues supplement, rather than replace, general fund tax revenues earmarked for education. Aside from this, the involvement of lottery in funding the schools’ needs show a good advantage as California Performance Review supported the option. California lottery players, retailers and, most importantly, its public schools, all stand to gain from changing state laws that restrict the lotterys ability to increase sales. These changes are not only consistent with the mandated purpose of The Lottery Act as approved by the voters, they represent the only risk-free way to ensure that lottery dollars to education will not actually decrease. In line with this, this paper will evaluate and compare the current development in 46 states in which 24 of it uses the proceeds of lottery to education while the other 22 only uses the support of the government. The Method To determine the current performance of schools in 46 states, the researcher compares the amount of budget between states w/ lottery proceeds used in school funding and states w/o lottery proceeds used in school funding. To determine the difference of budget between these states and the status of development in each school, the researcher conducted an analysis from the data obtained in these 46 states (The distribution of data is shown in the Appendix A) using t-test procedures. From 24 schools that are currently using lottery proceeds, the analysis of their education budget was also compared to their previous years in which lottery proceeds is not being considered (see Appendix B). The use of its mean and coefficient of variation are performed for evaluation of budget.