Saturday, November 30, 2019

What human issues form the subjects of the work Did you find any of them particularly well handled Essay Example

What human issues form the subjects of the work? Did you find any of them particularly well handled? Essay The Sporting Spirit encapsulates instincts, pride, appearances, nationalism, symbolism, social identity, and human penchants as core issues that foment the gravity of the essay; â€Å"savage† instincts coagulate with nationalism and appearances to foster one’s pride, symbolizing the proudness of being labelled by one’s country – American, British, Russian, or otherwise. Pride fosters greed, which disinters the need for war – either literally or figuratively. Orwell conveys symbolic war in his essay, The Sporting Spirit, depicting sports as a means of a battle between spectators, between two nations. It is a game where you either lose or win; there is no alternative. â€Å"Sport is frankly mimic warfare,† George Orwell says. Orwell touches on many human issues as subjects, but focuses on differences of communities, spectators, and nations to elucidate his opinion, adding to his authenticity. In paragraph seven, Orwell differentiates between urban and rustic communities, and how they view sports. Sports provide escapism for people in urban societies – big towns – as a way to wander from their sedentary life. The diction of â€Å"sedentary† crafts this aura of idleness, which contrasts the theme of â€Å"savage† spectators – spectators who are ardent to win through violent ways. Orwell even describes those who believe games bring nations together as a modern cult. This cynical usage of â€Å"cult† – a group or a system of religious belief – portrays the dark humour Orwell uses to subtly mock those views. We will write a custom essay sample on What human issues form the subjects of the work? Did you find any of them particularly well handled? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on What human issues form the subjects of the work? Did you find any of them particularly well handled? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on What human issues form the subjects of the work? Did you find any of them particularly well handled? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The essay’s tone is didactic, conclusive, and the reader is enticed by Orwell’s sequence as he progresses from the commonplace views, to specific authoritative views and events that explicate the truthfulness of his view; the reader is to adopt Orwell’s views – the opinionated writer. Orwell touches on human issues of stratification in the first two paragraphs. He divulges what many â€Å"thinking† people have kept clandestine for so long – that sport breeds ill-will. Sport aggression is a common phenomenon nowadays; Orwell classifies teams as â€Å"Dynamo,† â€Å"Russian,† or â€Å"British,† causing the reader to deliberate the labels spectators use in order to identify with their team. The diction of Orwell – â€Å"†¦ I am told by someone,† and â€Å"†¦ someone else informs me† – signify how his opinion is not confined to him alone, but rather that others share it as well. Social id entification is one of the key human issues conveyed in the essay. Orwell says that sports create fresh animosity on both sides. The diction of â€Å"animosity† portrays the hate of spectators to one another as fervent dislike bred from the virtues and differences of one another. This is one of the human issues Orwell is able to convey sublimely. The dictum that sports create good-will between the nations is a great misnomer because it is sport that symbolizes the competitive nature of humans and their need for classification. Humans seek pride, and they love power and domination. That is why sport is war – it is about the loss, as well as the gain. (What one gains, the other loses.) Spectators are able to surmise differences of races, countries, or political predilections as a group, and either boo the referee, or sing offensive songs that degrade the other team as well as their spectators to show their judgments. Orwell insinuates that competitiveness does not build character. At best, it betrays it. At worst, it corrupts it. It is not just the players who are corrupted; it is also the spectators. The imagery of a battlefield illustrate Orwell’s view of sport as a savage, violent activity where running, jumping, and kicking a ball are tests of national virtue. Good sportsmanship – honesty, humility, imperturbableness, respect, and appreciation – is non-existent to Orwell. Orwell’s insincere pathos delineates how sports are wrongfully understood by many. Orwell also touches, in my opinion, on chauvinism rather than patriotism. In sports, if a team loses, it is for a reason. Ignoring the reasons for loss, and recklessly blaming the referee or the conditions is a form of ignorance that is only shown by a chauvinist – a person who believes that his country is the sole best county, obdurately. Orwell is able to craft the essay with one human issue as a core: sport glorifies differences, it demonises opponents, and erodes the moral character of its followers.

Tuesday, November 26, 2019

Writing Sample Essay

Writing Sample Essay Writing Sample Essay The book â€Å"Fifty Shades of Grey, by E.L. James,† is the first book of its kind to reach popular culture. Although there are a lot of stimulating fiction novels that exist, one has to ask what was it that caused this series to hit top-seller all around the world and turn out to be a sensational hit? Many people in the world and critics claim to say that the book was incompetently written and is a literary disaster, however it’s fame, success, and popularity cannot be overlooked. With the media calling the trilogy â€Å"Mommy porn† and feminists arguing it’s negative repercussions in regards to male dominance and female subordination, E.L. James has caused quite the controversy with this series. I found this trilogy appealing because aside from all the negativity and positivity I heard from it, I wanted to see for myself what was the fuss about this book. When I first started to read the trilogy almost two years ago, I remember saying to myself that this book was going to be a about a sappy love story like Nicholas Sparks. After reading a couple of pages, I knew that this book was nothing like a Nicholas Sparks novel. Aside from all the uncensored sex scenes, it has it’s similarities. I noted that this trilogy was written in first person narration from the view of the protagonist. Anastasia Steele whom is the protagonist, is an innocent, beautiful, smart, young woman fresh out of college. Her sexual experience is non-existent, particularly in comparison with the sex crazed,

Friday, November 22, 2019

Autism 2

Autism 2 Essay There are many diseases and disorders that plague todays society, but one of the most serious of those disorders is autism. Autism is not nearly as widely known as the familiar Downs Syndrome, yet, surprisingly, autism is far more widespread. In fact, autism is the third most common developmental disability, affecting 400,000 people worldwide (Autism Society of America). As of yet there is no cure for this debilitating disorder, only a variety of treatments. Autism is a developmental disability, not a mental illness, that typically appears during the first three years of life and affects 15 of every 10,000 individuals. No one is certain why it occurs, but researchers have found that MRI (Magnetic Resonance Imaging) scans of people with autism show abnormalities in the structure of the brain. Significant abnormalities include differences in the cerebellum and in the size and number of Purkinje cells within the brain. Sometimes there is a pattern that exists within families from generation to generation. This indicates the possibility that autism is genetically related. However, no gene has been found. Every person with autism is different and there is no set type or typical person with autism. This is because autism is a spectrum disorder, meaning that symptoms and characteristics of the disorder can present themselves in a variety of ways, from mild to severe. Usually children with autism have deficiencies in both verbal and non-verbal communication. Their language develops slowly or not at all and they have very short attention spans. They often lack social skills and will spend time alone, rather than with others. In more severe cases, children have unusual reactions to physical sensations such as being overly sensitive to touch or under responsive to pain. Most commonly, children with autism lack imagination and imitate others ideas, rather than initiate their own. Lastly, behavior is greatly affected by autism. They may be overactive or very passive and throw frequent tantrums, injuring themselves, for no apparent reason other than to gather attention. They often lack common sense and show aggressive or violent behavior. While some people only show one or two symptoms, others have all or nearly all and find it extremely difficult to function in society. People with autism do live normal life spans and the behaviors associated may change or disappear over time. As of yet, there is no cure for autism. However, with the proper treatment, many of the behaviors can be positively changed. Some of the treatments include behavioral training, teaching of communication and social skills, auditory training, medications, and a change in diet. Behavioral training or modification, as it is also called, deals with changing or extinguishing inappropriate behaviors and increasing positive behaviors. A few methods are used to do this. One way is self-management where the individual monitors their behavior and receives self-reinforcement. Another method used is modeling. This is when the teacher or therapist demonstrates what is being done so the child can model the steps. Behavioral training is effective in stopping self-inflicted pain by shaping and distributing positive reinforcement. The teaching of communication and social skills is an integral part of treating autism. Speech therapy may include gaining language skills or learning sign language. Some devices are used frequently such as picture communication boards. Another device is used with a trained professional supporting the hand or arm of the person helping them to punch keys on a device. This technique, called facilitated communication, is highly controversial because it is sometimes thought that the facilitator is directing the persons arm unknowingly. One of the main characteristics of autism is the lack of understanding of social cues (Autism Society of America). The person with autism may be taught how to communicate in social situations or respond to certain facial expressions and emotions. If the emphasis is on social communication, a speech therapist will work closely with the child to ensure proper communication in social situations. Auditory training is sometimes used for those individuals who are oversensitive to sound. An audiologist plays a different variety of sound frequencies in this therapy. Food allergies and sensitivities have been shown to produce a variety of symptoms associated with .

Wednesday, November 20, 2019

Describe in DETAIL the A-B-C-D-E therapeutic approach of REBT Essay

Describe in DETAIL the A-B-C-D-E therapeutic approach of REBT - Essay Example The thesis below will discuss the A-B-C-D-E therapeutic approach of REBT in details. Ellis formulated the therapeutic approach method to help solve psychological problems easily. The core method is used in the first and the subsequent sessions where the therapist explains each session. Letter A in the sequence is the activation event that elicits stress or worry. The worries caused by bad performance at work, lack of confidence that propels the victim to a counselor. B represents the belief system. There are two types of beliefs rational and irrational (Sharf, 2011). Irrational behaviors are exaggerated and leads to disturbed feeling that do not help victims reach their goals. However, it is important to identify irrational behaviors early so that they can be solved. C stands for consequences of the irrational behavior (Sharf, 2011). People with negative thoughts may repeat these thoughts creating a condition known as rumination that acts like self-programming trigger. People with the repeated negative thinking may seclude themselves hence the need for such to replace the irrational thinking with positive thoughts that can make one to address problems reasonably (Sharf, 2011). D represents disputing irrational behaviors. Therapists must challenge the client belief directly. This way, the client can substitute negative thinking with more realistic ways of solving problems. E represents the client’s way of interpreting the situation. If the treatment is effective, the client loses the pessimism, anxiety, distress, and starts focusing on practical ways to solve problems (Sharf, 2011). The clients resume into their normal self and starts making reachable

Tuesday, November 19, 2019

Improving Patient Services Intitiative & Standards in a Community Article

Improving Patient Services Intitiative & Standards in a Community Services Program - Article Example ll not only force an organization to develop and define its quality mission, but also ensure that the processes can be understood and actualized by all involved (Santiago, 1999; Hall et al, 2003). Several studies have shown intervention models that have improved the quality of health care and reduced the health care costs. One is the Total Quality Management (TQM) described as the â€Å"development of an organizational culture which is defined by, and supports, the constant attainment of customer satisfaction through an integrated system of tools, techniques and training† (Sashkin and Kiser, 1993 as mentioned in Walsh, Hughes & Maddox, 2002, p. 299). Since customer satisfaction is the goal of TQM, it should have an in-built culture of continuous improvement by focusing on an organisation’s activities on eradicating the causes of defective products and services which should never reach the customer. Blades (1995) discussed the Baxter Health Care Ltd. model for promoting quality improvement. The model involves coming up with pictorial signs to educate or remind staff of the high quality they need to render. These were initially used as slides for training and then turned to posters. It provides a framework for both analysis and education on quality issues, focusing on the elements of total quality management namely communication; commitment; customer focus and continuous improvement. Piette, Ellis, et al (2002) conducted a study with the purpose of determining the most effective quality of care using the facility’s ethical practices. In the study, constant monitoring and investigation ensure quality outcomes. A leadership council was formed, meeting monthly to discuss and communicate regarding corporate compliance and personnel programs, clinical outcomes reviews, and clinical issues. All committees and councils reported to the Board of Directors on the progress of their project. The study design utilized a clinical practice committee breakdown of the

Saturday, November 16, 2019

Transition stages of a group Essay Example for Free

Transition stages of a group Essay Recognizing that change will be occurring noticing our reaction to it initiates the transition process. Some people recognize the need change earlier than others. We may see the signs and notice the handwriting on the wall well ahead of others. Other of us may not recognize or react until the change is imminent. In either case, when change is apparent to sometimes obvious, we all form a reaction to the pending change. There are three options. It can embrace the change, accept it somewhat passively, or reject it. The first reactions will lead to the planning stage. However, if we reject or disagree with the change, we can become temporarily stalled. It might question the need for the change, become angry about it, feel highly stressed by the thought of it, or in some cases, experience feelings of depression like losing a job or getting a divorce can be so intimidating that short term counseling may be needed to help with acceptance of change and to facilitate the planning process. Before, we can continue the journey to the next adventure or change we will need to formulate a goal and action plan. If the change is about entering a new relationship, we often discuss with our partner the goals we have for the relationships, describe our expectations, or try to be clear in our own minds what it is we are looking for. If we are looking for a new relationship we may generate alternatives about how to meet new people. When anticipating a major move, we need to think about where we will live, what we need to take with us, and what need to be done before we can leave. The planning stage can help to minimize and diminish fears and concern about the unknown by identifying the concrete steps that will help us with the transition. Setting short term goals and envisioning the perfect scenario that could occur as a result of the change may help s to feel better about it. This is often the most difficult part of the transition process. It can be both stressful and sad to leave the familiar environments and routines or let go of cherished keepsakes, pets or a way of life especially when the experiences have positive. For many, the most difficult is to say goodbye to the people whom we have come to know, love respect, and depend on. There are things we do to reduce the effect of the separation. We may need to be sure that we have time to visit with each  of those special people and to set up ways to keep in touch. Setting a date for a reunion or a phone call in the near future may reduce feeling of finality. Creating photograph collages with special memories that may be given as parting gifts can help to keep memories in the forefront to reduce anxiety. Remembering that we are all only a phone call or e-mail away may even help to reduce the initial stress of leaving others behind. Whenever we start a new journey there are moments of anticipation or exhilaration. We may even experience and a adrenaline rush, where we can feel the physical effects of the body’s anticipating of the change. Whether we’ve moved to a new place, or we just start a new job, the initial entry, while stressful, can also be positive exciting. This stage is helpful in putting the past behind and embracing the excitement and newness of what is to come. Taking it all in, meeting new people, and looking at possibilities may seem exciting and sometimes even almost overwhelming. Sometimes this new period has been called the honeymoon period where the newness the change gives us a false sense of reality. True or false this period of initial excitement is an important bridge from the past to the future. This security and eager anticipation helps to energize us to cross over into our new situation. However wonderful the initial excitement, when the dust settles and reality sets in we can often feel a let down. We realize that we are in a new and different place. We are not sure of the culture, the expectations, or how we will fit in. during this stage we begin to fill in the blanks. We familiarize ourselves with the routines, the environment and people who potentially will enrich our lives if we allow it. As Spenser Johnson (1998) says in his book about dealing with change, â€Å"who moved my cheese†? during the search for new endings (or cheese) we must free ourselves of the fear, envision the goals and leaves the past behind. We may need to find mentor d or guides who can provide information and advice about the culture or context. We will need to explore untraveled paths and leave ourselves open to new experiences, although some days may be difficult especially at the onset or in the beginning of the change. Taking a one day at a time philosophy, we should allow ourselves to set a specific goals for the day, focus on one positive event that occurred that day, and let go of the past. â€Å"Movement in a new direction helps you find new cheese.† During this time we try to make the strange familiar by seeking out others who have  out similar interests, goals, or talent. We should seek out opportunities that pique out interests. When we reach this stage we are now living the change as a normal part of life. We feel as though we have become an accepted and valued member of the community or relationship. We can now focus on how we contribute to the environment and to make a difference in self actualization and elevate ourselves on Maslow’s hierarchy of needs scale. We may even realize that what we may have been holding onto about a former life was an exaggerated illusion and not the reality of that life at all. Finally we realize that while in this situation we should take advantage of what this new change offers as the next change is just around the corner, and it begins again!

Thursday, November 14, 2019

Essay on the Moon in the Works of William Shakespeare :: Biography Biographies Essays

The Motif of the Moon in the Works of Shakespeare  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the paper, "The Hounds of Love: A Midsummer Nights' Dream, it is suggested that Shakespeare borrowed heavily from Chaucer's "Knight's Tale" to the extent that Shakespeare dramatized the image drawn in Chaucer of Diana, the moon goddess, with the hounds of love about her feet--Lysander and Demetrius behaving like the hounds of love in A Midsummer Night's Dream. While Shakespeare "creates unity of atmosphere [in Midsummer Night's Dream] chiefly by flooding the play with moonlight" (Schanzer 29), he also--by frequency of allusions to similar cyclical motifs (Moon, Diana, Wheel of Fortune)--creates an overall atmosphere, or structure, to many of his other plays. Northrup Frye's thesis--that the comedies have a cyclical pattern of the characters who depart from the city to the forest then return to the city recovered from the madness that occurred in the forest (see class handout)--can be applied to many of the other plays. But one must look beyond the locality of the characters (as Fr ye does) to note the frequent allusions to Diana, the Roman personification of the moon, and the similar allusion to the Wheel of Fortune. What does the Wheel of Fortune have to do with Diana? Shakespeare considered both of them to be much the same. Both have a cyclical nature: the moon waxes and wanes just like Fortune waxes and wanes. The motif of both figures in Shakespeare's plays reveals his belief that the moon is a symbol of the fickleness and changeability of fortune and luck, at once an omen and a blessing, and the result of the changeability of the moon/Wheel is the character's madness, leading to the audience's laughter (as in A Midsummer Night's Dream and Much Ado About Nothing) or catharsis (as in King Lear, Macbeth, or Hamlet). Diana figures mostly in the comedies, the most blatant example in A Midsummer Night's Dream. Shakespeare begins with Theseus vocalizing his desire that the moon should change, a symbol for his impatience for the wedding:   Four happy days bring in Another moon; but O, methinks, how slow This old moon wanes! (1.1.2-4) The old moon is own aging self that shall be renewed by his marriage just as the moon passes through its cycle to eventually become a new full moon. It is under the auspices of the changing moon that overlooks the forest that the madness of all of the characters ensue.

Monday, November 11, 2019

Foreigh Currency Risk Test

FOREIGN CURRENCY RISKQ1. Jack is a UK based car exporter who exports luxury cars and has a competitor in Germany; he has recently seen a change in foreign currency that pound ( £) of UK has strengthened against euro (â‚ ¬) of Germany. What is the type of risk does Jack face in his business? (MCQ) Credit Risk Translation Risk Economic Risk Transaction Risk(2 marks) Q2. Yarn Co is multinational business & wants its foreign subsidiary financial statements. They are making exchange losses when the accounting results of its foreign subsidiary are translated into the home currency. Which type of currency risk does Yarn Co face? (MCQ) Netting off Risk Translation Risk Economic Risk Hedging Risk(2 marks) Q3. Saito Co, a USA based fish exporter has competition with Sakkara Co based in Bangladesh. He believes he faces an economic risk in the business. What type of impact does it have on Saito Co? (MCQ) Direct Impact Indirect Impact Political Impact Economic Impact(2 marks) Q4. The current spot rate of UK ( £) to USA ($) is  £3:$1.5. The interest rates per annum are UK 5% & USA 9%. What will be the two-month forward rate (to the nearest two decimal places)? (FIB) £ :$1(2 marks) Q5. The current spot rate of UK ( £) is  £3. The inflation rate per annum of UK is 3% & the expected future six-month spot rate is  £3.06. Calculate the foreign annual inflation rate? (FIB)%(2 marks) Q6. Which of the following statements relates to International Fisher Effect? (MCQ) The exchange rates of countries depending on inflation rates The exchange rates of countries depending on interest rates Prices are same to different customers in an economy Nominal interest rate differentials between countries provide an unbiased predictor of future changes in spot exchange rates.(2 marks) Q7. Which of the following differences will result in an Expectation Theory? (MRQ) The difference in Inflation Rates Difference between Spot & Forward Rates The difference of Interest Rates Difference between Spot & Future Rates(2 marks) Q8. Select the appropriate theory with the following statements. (P&D)Depreciation of forwarding rates will be due to high-interest rates Differences in nominal rates due inflation rates A commodity is priced same in every country The forward rate is a fair predictor of the spot rate in the future EXPECTATION THEORY PURCHASING POWER PARITYTHEORY INTERNATIONAL FISHER EFFECT INTEREST RATE PARITY THEORY(2 marks)Q9. Patio Co. operates in the USA. They will be receiving a payment of  £2,500 from customers in four months' time. Calculate Patio Co.'s receipts in four months' time? Use the following rates. (MCQ)Spot Rate  £1.4/$ –  £1.6/$4 Month Forward Rate  £1.8/$ –  £2.0/$ $1,786 $1,563 $1,389 $1,250(2 marks) Q10. Fray Co is a USA based company ; imports Robots from China. The usual credit period is three months. Fray Co has to pay  ¥60,000. Calculate the loss/gain of the payment on forwarding contract? (MCQ)Spot Rate  ¥1.321/$ –  ¥1.521/$3 Month Forward Rate  ¥1.654/$ –  ¥1.854/$ $7,085 (Loss) $9,144 (Loss) $9,144 (Gain) $7,085 (Gain)(2 marks) Q11. PXG Co, a UK based company has made $3,600 sale to its USA customer on credit. The current  £/$ exchange rate is  £6.4/$12.8. It is expected that UK  £ will strengthen by 15%, by the time USA customer pays. Calculate the receipts in  £? (MCQ)  £244.57  £281.25  £489.13  £562.5(2 marks) Q12. The dollar is quoted at a $0.067 premium for the forward rate. The current exchange rate is $/ ¥ 1.0005 +/- 0.0045. What will a $4,900 payment convert at forwarding rate? (MCQ)  ¥4,876  ¥4,920  ¥5,224  ¥5,274(2 marks) Q13. A UK based company Bib Co will receive a foreign payment of $2,000 in four months' time. The spot rate is $1.1/ £ – $1.4/ £. Calculate the income in four months' time using money market hedging? (MCQ) Borrow DepositDollar ($) 4% 5%Pounds ( £) 3% 2%  £1,414.4  £1,419.4  £1,800  £1,807(2 marks)This information is used for Q14, Q15 ; Q14.A USA based company has to make a payment of  £95,000 in nine months' time. The spot rate is  £2.2/$ –  £2.5/$. Following details are: Borrow DepositDollar ($) 7% 5%Pounds ( £) 5% 3%Q14. Calculate the foreign payment using money market hedging? (MCQ) $37,164 $42,232 $43,816 $44,449(2 marks) Q15. Calculate the foreign payment if the nine-month forward rate is  £2.37/$ –  £2.71/$? (FIB)$ (2 marks) Q16. Calculate the gain/loss for the company for not leading the payment? (MCQ) $4,365 (Gain) $4,365 (Loss) $3,816 (Loss) $3,816 (Gain)(2 marks) Q17. Following statements relate to Forwarding contracts. (HA)An immediate binding contract TRUE FALSEThe forward rate is variable in nature TRUE FALSEThe timing of the contract is unknown TRUE FALSE(2 marks) Q18. A company wants to reduce its transaction risks when conducting business with foreign receivables/payables. Following statements are said by the directors during this years' AGM. Select the appropriate statements to reduce the risk. (MRQ) â€Å"The company should hold back its payments for few months†, this technique is Leading â€Å"The company should continue as normal† â€Å"I have some friends offshore who work in a bank, I may able to arrange a foreign account for the company† said by a director â€Å"The company should deal in the foreign currency only† (2 marks) Q19. Juab Co is a manufacturing company ; has a foreign supplier who supplies raw materials. Recently the supplier has now become a customer as well, who purchases Juab Co.'s finished products and sells in his respective country. Which technique of reducing risk is applicable for Juab Co? (MCQ) Money market contract Leading & Lagging Forward market hedging Matching & Netting(2 marks) Q20. Which of the following statements are true in relation to futures? (MRQ) Currency futures are standard contracts A high premium is paid initially Futures are available in all currencies offered by the bank Future contracts are binding (2 marks) Q21. A company wants to hedge itself from any currency risk. They have decided to hedge themselves using currency futures. They have to make a payment in May of $36,000. The futures have a contract size of $15,000. Which of the following futures will they select? (MCQ) Buy three futures on March Sell two futures of March Buy two futures of June Buy three futures of September(2 marks) Q22. Select the appropriate option in relation to futures. (HA) Transaction cost is lowest ADVANTAGE DISADVANTAGEContracts are limited to some currencies ADVANTAGE DISADVANTAGEThe exact date does not have to be known ADVANTAGE DISADVANTAGE(2 marks) Q23. Picots Co is UK based company which has a lot of foreign customers. It will be receiving a payment from USA based customer of $500,000 in five months. The company has been advised to use derivatives to hedge themselves against any currency risk. If they opt for currency options which of the following are correct? (MCQ) Buying a USA $ call option in the UK Buying a USA $ put option in the UK Buying a UK  £ call option in the USA Buying a UK  £ put option in the USA (2 marks) Q24. Which of the following statements relate to currency options? (MRQ) In future the market becomes favorable and the company will face a loss because it is bound to the contract They are negotiated Cannot be traded in all currencies Easily arranged & Flexible (2 marks) Q25. Which of the following is incorrect for swaps? (MCQ) It is negotiated between two parties having their own spot rate It has a nominal cost It is an over the counter deal It has multiple markets (2 marks) Q26. Which of the following has a refundable cost? (MCQ) Currency Futures Forward Contracts Currency Options Currency Swaps(2 marks)FOREIGN CURRENCY RISK (ANSWERS)Q1. CEconomic risk is the variation in the value of the business due to unexpected changes in exchange rates. This is an indirect impact on Jacks business. Q2. BThey are making exchange losses when the accounting results of its foreign subsidiary are translated into the home currency. This is an indication of Translation Risk. Q3. AIt is a direct impact on Saito Co as the USA being home currency strengthens then foreign competitors Sakkara Co in Bangladesh is able to gain sales at your expense because your fish have become more expensive in the eyes of customers both abroad and at home. Q4.  £3.02Interest rate parity theory = 3 Ãâ€" (1+(9% Ãâ€" 2/12))/(1+(5% Ãâ€"2/12)) =  £3.02 Q5. 7%Purchasing power parity theory = 3 Ãâ€" (1+(x% Ãâ€" 6/12))/(1+(3% Ãâ€"6/12)) =  £3.06X% = 7% Q6. D The exchange rates of countries depending on inflation rates (Purchasing Power Parity Theory) The exchange rates of countries depending on interest rates (Interest Rate Parity Theory) Prices are same to different customers in an economy. The law of one price. (Purchasing Power Parity Theory) Nominal interest rate differentials between countries provide an unbiased predictor of future changes in spot exchange rates. (International Fisher Effect) Q7. When these two will become equal, Expectation Theory arises. Difference between Spot & Forward Rates Difference between Spot & Future Rates Q8.Depreciation of forwarding rates will be due to high-interest ratesINTEREST RATE PARITY THEORYDifferences in nominal rates due to inflation rates INTERNATIONAL FISHER EFFECTA commodity is priced same in every country PURCHASING POWER PARITY THEORY The forward rate is a fair predictor of the spot rate in the future EXPECTATION THEORY Q9. DReceipts =  £2,500 à · 2.0 = $1,250 Q10.Payment (Forward) =  ¥60,000 à · 1.654 = $36,276Payment (Spot) =  ¥60,000 à · 1.321 = $45,420Gain = $9,144 Q11. AFuture Rate = $12.8 Ãâ€" 115% = $14.72Receipts =  £3,600 à · 14.72 = $244.57 Q12. DThe Spot rate = $0.996/ ¥ – $1.005/ ¥ -/+ 0.0045The dollar is at a premium so subtract it as if dollar strengthens then yen will weaken in the forwards market. The new Spot rate = $0.929/ ¥ – $0.938/ ¥ – 0.067Payment = $4,900 à · 0.929 =  ¥5,274 Q13. BBorrow Foreign Currency = $2,000 à · [1 + (4% Ãâ€" 4/12)] = $1,974Convert Foreign to Local = $1,974 à · 1.4 =  £1,410Deposit (Interest) = (1,410 Ãâ€" 2% Ãâ€" 4/12) =  £9.4Total Receipts =  £1,410 +  £9.4 =  £1,419.4 Q14. DDeposit Foreign Currency =  £95,000 à · [1 + (3% Ãâ€" 9/12)] =  £92,910Convert Foreign to Local =  £92,910 à · 2.2 = $42,232Deposit (Interest) = ($42,232 Ãâ€" 7% Ãâ€" 9/12) = $2,217Total Payments = $42,232 + $2,217 = $44,449 Q15. $40,084Payments =  £95,000 à · 2.37 = $40,084 Q16. B Q17. An immediate binding contract TRUE The forward rate is variable in nature FALSEThe timing of the contract is unknown FALSE Q18. â€Å"The company should hold back its payments for few months†, this technique is Lagging (Incorrect) â€Å"The company should continue as normal† This refers the company should take no action (Correct) â€Å"I have some friends offshore who work in a bank, I may able to arrange a foreign account for the company† said by a director. This statement indicates opening a foreign bank account. (Correct) â€Å"The company should deal in the foreign currency only† The company could deal in home currency rather in foreign currency (Incorrect) Q19. DThis technique attempts to match the same foreign currency receipt & payments due at the same time. The netting of the intra debit & credit balances saving transaction cost & reducing risk. Q20. Currency futures are standard contracts, fixed limits specified (True) A high premium is paid initially, this is applicable in options (False) Futures are available in all currencies offered by the bank, Only in few currencies (False) Future contracts are binding, they have to be closed (True) Q21. CThe Futures can be bought or sold only four times a year which are March, June, September & December. Future contracts can be signed relating to a month after the date of receipt. They will buy two futures each of $15,000 and the remaining $6,000 can be hedged using other techniques. (E.g. forward contracts)Q22. Transaction cost is lowest ADVANTAGEContracts are limited to some currenciesDISADVANTAGEThe exact date does not have to be knownADVANTAGE Q23. BPicots Co will want to sell the USA $ when they receive the payment which is why they will use USA $ put (sell) option bought in the UK. Q24. In future the market becomes favorable and the company will face a loss because it is bound to the contract, this statement relates to future contracts They are negotiated, this statement relates to options (Correct) Cannot be traded in all currencies, it is a disadvantage hence this statement relates to options (Correct) Easily arranged & Flexible, this statement relates to swaps Q25. DIt has no markets; it is a tailor-made an agreement between two parties.Q26. A Currency Futures, An initial margin cost which is refundable Forward Contracts, has a transaction cost Currency Options, A non-refundable premium cost Currency Swaps, No initial cost

Saturday, November 9, 2019

Management and Interpersonal Roles

In this article Mintzberg reviewed that managing through people bringing them one step closer to managerial action instead of information roles. The author used Hawthorne’s organizational experiments as their data gained which demonstrated in 1930s to describe the importance of interpersonal roles. His research focused on the managerial roles, which are interpersonal, informational and decisional roles towards management. This article is useful for my research topic, as Mintzberg stated that interpersonal roles dealt with leadership. The main limitation of the article is that the author more concerned about leading. However, Mintzberg indicated that most of the managers seemed to spend most of their time in interpersonal roles. This article will help me to form the base of my research essay. Lamond,D. 2003, â€Å"Henry Mintzberg vs Henri Fayol: Of Lighthouses, Cubists and the Emperor’s New Clothes, The Journal of Applied Management and Entrepreneurship, vol 8, no. 4, pp. 5. In this article Liamond reviewed the management of Mintzberg as the nature of managerial work. Based on the author article, Mintzberg used structured observation techniques for his research. His article differentiates the management of Henri Mintzberg and Henri Fayol. This article is useful for my research topic, as Liamond explained how Mintzberg’s management works. The main limitation of this article is that the author used generalization as a description of his article. Thus, his article discusses the works of Mintzberg and Fayol theoretical understanding about managerial. This article will help me as additional information to my research. Mintzberg, H. 1975. The manager’s job: folklore and fact. Harvard Business Review, 53(4), pp. 49-61. In this article Mintzberg stated that there are 3 main roles in management, which are interpersonal roles, informational roles and decisional roles. Mintzberg studied and researched to maintain his point of view. His article focused on the manager’s job. This article is useful for my research topic by how Mintzberg separate those roles in detail. The limitation of this article is it doesn’t fully focus on my research topic, which are the interpersonal rules. However, he also gives us some important information about the various types of interpersonal roles. This article will help me to complete the base of my research topic.

Thursday, November 7, 2019

How to write an essay.

How to write an essay. What is the hardest part of writing essays? I know that for myself to write and exciting and interesting essay I must go through a rigorous process of rituals and time alone. I forego many steps in getting my train of thought rolling smoothly. There are so many factors in weather I can actually write an excellent essay, or just write a mediocre one. I also get input from others to see there point of view, in how well my writing skills are and if the topic is even interesting to other people. I know that for some people it is easy to write elaborate essays. I also understand that for others it is more difficult to write essays. I know a few techniques that help me write essays, and many of these techniques I use could really be a big impact on the outcome of the essay, and the way it is written.First essay (rejected postage stamp design) of Tha...Have you ever went to an event, where you thought that some of the things they did were just a little weird, or just to old school for moder n day society? Well I know that some events or factions do these things because it is tradition. I know that in football there is usually a coin toss before the game, this is to see who will kickoff the ball first. This is a tradition that has been used in football for many years. I know that before I write an essay I must do all kinds of crazy things, theses are just a few of my traditions that I like to do. I know that in order for me to think well I was taught that you are at your peak performance when you have a good nights sleep and are well...

Monday, November 4, 2019

Business proposal Assignment Example | Topics and Well Written Essays - 1250 words

Business proposal - Assignment Example In this regard, we would focus on collecting information about the present healthcare and educational issues faced by the lower income group population and provide adequate knowledge through campaigning, in order to improve their living standards. In order to obtain detailed information about the health conditions and educational backgrounds of the locales, we have already prepared a set a program, which can enable our project team to obtain adequate data and formulate effective strategies to achieve the desired objective in improving the living standard of the community population. Therefore, we would highly appreciate your knowledgeable review along with approval regarding the proposed protocol. In this proposal, your questions and further recommendations would be highly acknowledged. We look forward to your kind response regarding the approval of the proposal. Sincerely, Chun Hao EXECUTIVE SUMMARY In relation to the current scenario of the communities, especially the lower income group around the university campus, a significant support is highly essential in order to develop their health and educational background at a greater sustainable level. Correspondingly, the population of the community is often identified to face different health related issues. Moreover, considering the increasing unemployment along with mounting poverty rate of the community population, a substantial degree of need persists to take adequate steps in providing a basic educational support to develop the living standards within the mentioned community. The research proposal aims to conduct knowledge enhancement activities regarding healthcare issues, which can enable them to improve their present living standard, especially that led by the low income group population around the univer

Saturday, November 2, 2019

Do Legislators represent their constituencies economic perspectives Term Paper

Do Legislators represent their constituencies economic perspectives - Term Paper Example One of the aspects that are of our concern is the bailout that tried to stabilize the economy after it crashed in the last decade. The proposal allowed the transfer of $700 billion to the Department of Treasury to purchase declining property that financial firms lost their money on. This paper will also focus on whether or not legislators equally represent their low-income constituents as much as they represent their high-income constituents. As much as it would be believable that representation is equal among everyone, there are many reasons why this is not the case. Because of the inequality of wealth in America, the poor become very poor and the rich become very rich. Likewise, when congressional representatives run for election the price is very high and they need support to be elected. This support is more likely to come from people who have enough money compared to the poor and middle class people who are concerned about their own needs. Both of these aspects will help uncover and answer the burning question regarding our legislators. Pertaining to the Trouble Asset Relief Program (TARP), better known as the bailout, the infusion of money was supposed to prevent large banks from going under and losing everything. It started in 2007 when many banks had loaned out mortgages to people who defaulted, or could not pay back. Soon losses were obvious and many knew of the situation but tried to cover up the problem. This made many banks insolvent in the period between late 2007 and 2008. The TARP was written to prevent a complete economic collapse caused by side effects of banks bankrupting. However, from the point of view of legislators, this helped the rich bankers who lost a lot on their poor investment choices leaving out the poor people that had been affected. Both conservatives and liberals did not appreciate the bill. For conservatives, the bill went against their belief in free market. For liberals, the bill benefited wealthy people