Compare Alternative Definition of Marketing - 913 Words

1a. Marketing term appeared firstly in United State in the early 20th century and then spread to Europe and Asia. In the meantime, there are many definitions of Marketing given by leading organisations and experts in the fields of economy such as: Kotler, CIM, AMA†¦ - Definition of Chartered Institute of Marketing (CIM): â€Å"Marketing is the management process responsible for identifying , anticipating and satisfying customer requirements profitably†. - Definition of Philip Kotler: â€Å"Marketing is the social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others†. - Definition of American Marketing Association (AMA):†¦show more content†¦And the way they focus on customers is meeting the customer requirements. By different way, Philip Kotler orientates marketing associated with customer’s needs and wants. The most important thing to assess effectiveness of marketing is not how to sell more goods, which is how to satisfy customer needs and create a relationship not easily changed. According to Kotler, the relationship with customers is a major factor in the success of the company. And value of customers is the most importance. However, according to AMA, marketing is one of the factors which create exchanges. In many ways, this definition has been given in detail of the fundamental nature of marketing. First, to clarify what is exchanged is not limited to tangible products (goods) but it also includes ideas are formed, the services are provided. In the view of the AMA, the customer is not limited to individuals that includes the organization. According to AMA, the exchange is most important. The more various exchange, more and more products consumed, the bigger profit the companies earn. Not a management process, not a social process that marketing is the process of market research to provide the best strategy for companies. Making the exchange more development means that marketing strategies of company more successful. Summary,Show MoreRelatedNike Markeing1333 Words   |  6 PagesProgramme: Business Management Module 1: Marketing Assignment [pic] Date for Submission: 15th September 2010 To achieve a pass in this unit the learner must: LO1: Investigate the concept and process of marketing LO2: Explore the concepts of segmentation, targeting and positioning LO3: Identify and analyse the individual elements of the extended marketing mix LO4: Apply the extended marketing mix to different marketing segments and contexts Context TheRead MoreOrganization Marketing Process1209 Words   |  5 PagesManagement | SUBJECT CODE amp; TITLE | : | MCG 202 / Marketing | ASSIGNMENT TITLE | : | Applying marketing concepts and theories for organizations | Summary of the Learning Outcomes covered: 1. Investigate the concept and process of marketing 2. Explore the concepts of segmentation, targeting and positioning 3. Identify and analyze the individual elements of the extended marketing mix 4. Apply the extended marketing mix to different marketing segments and contexts ASSIGNMENT TYPE | : | IndividualRead MoreOrganization Marketing Process1196 Words   |  5 Pages SUBJECT CODE amp; TITLE | : | MCG 202 / Marketing | ASSIGNMENT TITLE | : | Applying marketing concepts and theories for organizations | Summary of the Learning Outcomes covered: 1. Investigate the concept and process of marketing 2. Explore the concepts of segmentation, targeting and positioning 3. Identify and analyze the individual elements of the extended marketing mix 4. Apply the extended marketing mix to different marketing segments and contexts ASSIGNMENT TYPE |Read MoreCommodity School1154 Words   |  5 PagesMarketing Theory Commodity School 01.11.2012 [Åžirket adÄ ±nÄ ± yazÄ ±n] Bahcesehir University, MA Marketing What is commodity school and what are strengths and weaknesses of that thought? Marketing theory has been discussed over years. Many theorists had tried to explain marketing thought since it was a separate field apart from economics. In order to indicate progress of the theory; Sheth, Gardner and Garret in the book of Marketing Theory Evolution and Evaluation compiled all schools of marketingRead MoreGuidelines for Writing the Case Study1747 Words   |  7 Pageslater. This is what will drive the remainder of your case analysis. Don’t forget—case analysis is all about identifying a problem and developing a solution. This section should take no more than 30% of your total writing time. Section II: Problem Definition A. Name immediate issues and define them in a way that calls for action-oriented answers. Be sure to identify problems not symptoms. To help identify the underlying problem, isolate the key factor, which is the one thing that needs to be changedRead MoreHow to Lay Out a Marketing Assignment1054 Words   |  5 PagesHNC Business Marketing Unit 1 Summary of learning outcomes To achieve this unit a learner must: 1 Investigate the concept and process of marketing 2 Explore the concepts of segmentation, targeting and positioning 3 Identify and analyse the individual elements of the extended marketing mix 4 Apply the extended marketing mix to different marketing segments and contexts. Assignment 1 To get you started! NOTE: ALL WORK MUST BE REFERENCED USING THE HARVARD SYSTEM OF REFERENCING!NOT thisRead MoreCognitive and Behavioural Model1364 Words   |  6 Pagesdecisions, there is a brief definition about the relation between consumer behaviour and cognitive approach, â€Å"Consumer behaviour is widely understood as a problem solving and decision making sequence, the outcome of which is determined by the buyer’s goal directed processing of information. The ‘cognitive consumer’ is credited with the capacity to receive and handle considerable quantities of information, to engage actively in the comparative evaluation of alternative products and brands, and toRead MoreBuyer Decision Process Essay1409 Words   |  6 Pages1. Introduction Whether marketers understand how customers make their purchase decision is a very important issue for a company. It can bring numerous influences to companies for establishing an appropriate marketing strategy. Therefore, the research of each stage of buyer decision process is relevant for all the marketers. Teo and Yeong (2003) point out that the setting up of buyer decision process model can help managers to understand and forecast consumer behaviours, and thereby they can makeRead MoreThe Sarova Hotel Budget Analysis664 Words   |  3 PagesRunning Head: The Sarova Hotel Budget Introduction Budget forms a broader part in the planning process. Among the key functions of a budget are; setting business objectives, assessing alternative plans, monitoring outcomes and are redefining the companys objectives and plans. When a company has a comprehensive budget it means that it has a formal and overall plan which contrasts the intuitive approach to operations. Budgets are often prepared for a period of one year although in some cases itRead MoreMarketing Analysis : Price And Brand Image1572 Words   |  7 Pagesactual technical superiority or excellence of the products’ (Zeithaml, 1988, p. 4). The differences between objective quality and perceived quality has been studied and emphasized in a lot of researches and there are many controversies around it. The definition of objective quality has been developed into different concepts such as product-based quality and manufacturing-based quality (Garvin, 1983). However, these concepts are all based on perception too so ther e is no standard which can be called the

The Stamp Act that Led to the American Revolution Essay

The massive debt of the French and Indian war was a very big struggle for Great Britain and the massive debt will start the revolutionary war. The massive debt happened right after the French and Indian war. Great Britain was 122 million pounds in debt. That is why they tried to tax the colonies. The taxes were called acts. This payed off part of the debt but the taxing didnt come to a pleasant end for Great Britain. One of the acts was the stamp act. This was a way to force the colonies to help pay off the war debt. The British pushed the Stamp Act through Parliament in March 1765. This act required Americans to buy paper, newspapers, playing cards, and legal documents such as wills and a marriage license strictly from†¦show more content†¦This made the colonists get very angry that they had to take care of more people that they didnt even know! This was madness. The proclamation line came into play in 1763 right after the French and Indian War ended. The British had to rep ay the Native Americans who helped them during the war. So, the Proclamation of 1763 gave the land between the Mississippi River and the Appalachian Mountains to the Native Americans that helped the English during the war (doc 5). The Proclamation Line was the western border of the English colonies. Unfortunately, some colonists already lived past the proclamation line and the colonists didnt want to go back to the squished colonies. Also, the border was so long that it was very hard for the English to enforce. Thats why Great Britain passed the quartering act. This made the colonists feel like they were being spied on by the British. After about 4 years the Townshend acts were passed. The Townshend acts were originated by Charles Townshend. They were meant to add even more taxes on all imported goods, which makes everything almost double the original price. Great Britain needed to pass this act because they still had so much of the debt to pay ofF. This was a huge financial burden for the colonists. There were many violent protests.This act eventually led to the Boston tea party. The Boston tea party was when a group of colonists dressed up as native Americans they boarded aShow MoreRelatedCauses Of The American Revolution1202 Words   |  5 PagesThroughout history many revolutions took place, ranging from the unremarkable to a truly memorable, as the French revolution, the American Revolution, and the Bolshevik Revolution, but American revolution took place in 1775-1783. The revolution was different from other revolution because of growing tensions between residents of Great Britain’s 13 North American colonies and the colonial government because American revolution was not like the others. This revolution was not like the others becauseRead MoreCauses Of The American Revolution1344 Words   |  6 PagesAmerican Revolution The causes of the American Revolution go back to the beginning of salutary neglect and the French and Indian War, as well as changes in the thinking of society. The effects of these events and other factors led to pressure within the colonies, ultimately resulting in rebellion. There were five factors to the nature of the American Revolution: The Environment, The Enlightenment, Self-Government, Economic Independence and Colonial Unity. The first factor that led to the AmericanRead MoreAmerican Revolution Accelerated evolution vs Cataclysmic revolution1624 Words   |  7 Pagesï » ¿The American Revolution was an accelerated evolution rather than a cataclysmic revolution to a certain point. An accelerated evolution is a rapid process of growth and change, while a cataclysmic revolution is a sudden and violent event that brings great changes. 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Alongside, Britain feeling as though they ownedRead More Causes of the American Revolution Essay1439 Words   |  6 Pagesone event that started the American Revolution. This paper will address the problems that lead to the start to the American Revolution. The colonists believed that they should live democratically. Britain felt that they owned the American colonies and they could use their resources in any way that they wished. The colonists did not want to live being ruled by another country. The major events that led to the American Revolution were the French and Indi an War, Stamp Act, Boston Massacre, Boston TeaRead MoreCauses Of The American Revolution1008 Words   |  5 PagesThe American revolution, the war that helped make America what it is today. However, America did not become the land of the free and home of the brave overnight. Like many wars before, one single event did not cause the American Revolution. After years of disagreement on how Britain should rule the American colonies, the colonists declared their independence and sparked a revolution. By the late 1600s, England pushed to strengthen their control over the existing American colonies by enforcing mercantilismRead MoreThe Revolution Of The American Revolution999 Words   |  4 PagesBetween 1770 and 1776, resistance to imperial change turned into a full-on revolution. The American Revolution, also known as the Revolutionary War, was a time of revolting and political uprising, in which the 13 colonies separated from the British Empire, forming the independent nation known as the United States of America. Though the American Revolution began because the colonies wanted independence from Britain, many important historical events and revolts also lead to the tensions and resistanceRead MoreThe Reasons Behind The Writing Of The Declaration Of Independence896 Words   |  4 Pagesof Independence There were several events that led up to the writing and publication of the Declaration of Independence. The colonists did not understand why they were being taxed on items such as stamps and tea which was extremely essential to the colonists at this time. The phrase â€Å"taxation without representation† was used by the colonists to show their outrage with these taxes from England. They set out to rebel and started the American Revolution. Thomas Paine contributed to the colonists’ views

Greece and Persia Essay free essay sample

Although these great nations differed greatly, they still had various similarities; of the similarities the two empires shared were their very strong and powerful military forces. The Persians and Greeks built two of the most successful and prosperous nations in history. The Persians and Greeks built two of the most successful and prosperous nations the world has ever known. Ancient Greece may have been very great and powerful but it wasn’t able to be unified. City-states fought each other frequently, unlike Persia which was a much unified empire. Persia is known to own the title of the largest empire that has ever existed, because they were unified it helped them become strong and powerful, ergo to the fact of them being a great empire. Grecian city-states weren’t able to maintain unity in their nation because they kept fighting. The city-states had many issues with one another but they had to unite to fight off the Persians because the Persians were double their size. We will write a custom essay sample on Greece and Persia Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Other than being unified, ancient Greece and Persia also differed in their political systems. Greece had several political systems because each city state had a different political system of their own. Majority of the Greek governments were  monarchies,  oligarchies, tyrannies  and  democracies. In Persia the political system was based on one’s freedom. The rulers of Persia were Zoroastrians; they practiced religious toleration and helped rebuild the temples of foreign religions with money and official permissions. For example when King Cyrus freed the Jews and gave them official permission to rebuild the Temple of Solomon. The two nations saw their way of government in different perspectives. Military force may have been the most similar aspect of Ancient Greece and Persia. Greece consisted of several city states, some like Sparta who had more power than the rest of the city-states; Spartan men began their military training at the young age of 7. Greece had many great leaders who helped them achieve greatness like Alexander the Great. The Persian Empire was known for its military superiority as well. The Persians had bodyguards known as â€Å"The immortals. † From time to time, the two nations clashed, such as the Battle of Thermopylae, where all the Greek soldiers fought to the end. The two nation’s military forces were much far powerful and strong compared to other nations during this time period. The ancient world had faced many great battles but battles of ancient Greece and the Persian Empire were amongst the most important. The differences in their political systems and their ability to be unified are very amazing. The similarity between their military forces shows how much their system worked making them successful nations. These wars lasted for twenty years, the Greeks won with the leadership of Alexander the Great, and the Persians never fought the Greeks again.

Summary of the article Three Kinds of Ethics for Three Kinds of Engineering

Summary of the article Mariarty (2001) main thesis is that modern-day engineers need to move beyond know what or know how, and embrace know-why. Contemporary engineering must be governed by three types of ethics that emerge from different eras of engineering: virtue ethics, conceptual ethics and material ethics. The latter are synonymous with traditional engineering, modernist engineering and focal engineering, respectively.Advertising We will write a custom essay sample on Summary of the article Three Kinds of Ethics for Three Kinds of Engineering specifically for you for only $16.05 $11/page Learn More The author starts with a description of the earliest form of engineering, which was traditional engineering. At the time, engineers lacked a central scientific method with which to carry out their work. Therefore, most of them depended upon their intuition and experience. Since they worked under autocratic leaders, they had little room to inquire into th e processes of production. They merely implemented what they were told using rough estimates. As a result, the actor was the most important component of the engineering process. This meant that ethical principles that governed a person’s character were the most appropriate. Virtue ethics stresses the importance of doing good. A person strives to be honest, caring and diligent in his or her method. Therefore, the traditional engineer compensated for the lack of scientific expertise using his character. Such a person was diligent, hardworking and even-tempered. This aspect of ethics is still applicable today as stakeholders still want to know about the actor. Know-what is still imperative in engineering practice. Modernist engineering was the next phase of development in the profession. This saw the birth of scientific processes in engineering. Stakeholders were not just concerned about the actor but now dwelt on the act. They moved from know-what to know-how. Analysis and synt hesis now became central elements of the engineering process. Therefore, the brand of ethics developed for this type of work was material ethics. Individuals developed ethical frameworks that would justify why it was necessary to do good. At the time, individuals such as Johns Stuart Mill and Immanuel Kant came up with conceptual ethics. Mill was the father of utilitarianism, which stressed the need to maximise the overall good for the greatest number of people. Kant created the Categorical Imperative, which prompted people to act as though, if they were in the same position, they would do the same. Conceptual ethics is a brand that stemmed from technicism. Technicism is a school of thought which espouses that man should control his reality as he has the capacity to do so.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More The final phase of this profession was focal engineering. It dwells on things that enrich people’s life. There, the main concern is not just to produce, but to add value to people’s lives. At this point, the actor’s role seemed to subside and more emphasis was given to the product hence the need for material ethics. Material ethics asks questions regarding the effect of the product on the concerned stakeholders or environment. The focal engineer is one who looks at the reasons, purposes and causes behind certain things. He or she causes engagement between the user and product, harmony between the beneficiary and the world and harmony between the world and the products. It shifts away from know-how and know-what to know-why. Therefore, a focal engineer ought to be engaging and enlivening. For instance, the person would consider the effect of his actions on professionals other than engineers, such as architects or manufacturers. The author espouses that contemporary engineers are probably more of focal engineers than traditional or modernist eng ineers. Therefore, instead of just introducing new products, they ought to ask whether these products would enrich people’s lives or disengage them. Negotiations are a necessary aspect. Nonetheless Moriarty (2001) still believes that it is essential to merge all three brands of ethics in engineering practice as it entails input from these different schools. John Stuart on scientific management It is likely that Stuart would have supported Taylor’s theory of scientific management. At its heart, the management theory is a brand of technicism, which espouses the need for human beings to control their reality. Taylor believed that worker’s could be controlled in order to reap maximum benefit from them. This notion of controlling the world stemmed from the belief in the superiority and applicability of science in various aspects of life. 19th century thinking was grounded in this mind set. Technicism was propagated by the need to control the future, and allow for hum ans to have everything they wanted.Advertising We will write a custom essay sample on Summary of the article Three Kinds of Ethics for Three Kinds of Engineering specifically for you for only $16.05 $11/page Learn More The main aim of technicism was to guarantee material progress by solving problems. In this school of thought, it is presumed that all problems have a solution. John Stuart Mill and Taylor both held these world views. Therefore; one can state that to some extent, Mill would agree with Taylor’s views on the same. John Stuart Mill’s theory of utilitarianism advocated for the greatest good for the greatest number of people. Taylor’s theory of scientific management aimed at increasing the greatest good for the greatest number of people in production. Taylor wanted to accommodate the aspirations and needs of all members of production. For instance, he wanted to meet managers’ needs by increasing productivity. Further more, he was interested in increasing profits for business owners. The theory was also intended in curbing labour unrest by meeting the needs of employees. Many of them were concerned about their inability to meet their basic needs. Consequently, Taylor’s scientific management would grant them the proper platform to achieve these aims. Although some unwanted intentions stemmed from Taylor’s suggestions, it is still laudable that he had such noble intentions. Since so many stakeholders were involved in production, scientific management accepted this fact, and tried to maximise their utility. In essence, Taylor was a utilitarian that would have garnered support from Stuart Mill. To further illustrate the above point, one only has to study the effects of some of these principles in the work process. Taylor (2010) sold his theory of scientific management to several firms. Some firms required frequent movement of materials between various work stations. Typical examples inc luded the automobile industry, textile industry and repair workshops. Managers in these businesses wanted to minimise bottlenecks and delays. Their main aim was to increase output as well as the rate of production. Taylor’s theory would provide them with a solution to achieve this aim. Additionally, some firms were struggling with the employee reforms. They wanted to provide their employees with the best working conditions as this would guarantee harmony and reduce attrition. Taylor’s theory held a lot of promise with regard to improvement of working conditions or the challenges of building social harmony. Taylor realised that every stakeholder in production is interested in preserving his well being. This was the reason why he used the analogy of the slow Dutchman. In this story, he believed that the worker needed an incentive to work for one company over its competitors.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More By providing the worker with higher wages than competitors, a manager could meet the worker’s need as well as his own of maintaining consistent work. His theories were particularly useful at the time because some workers had the tendency to be overcome by greed if they found that they were to be compensated for any amount of time they put into their day. Taylor thus suggested tempering this greed with controlled periods of rest for employees. Some labourers would be unaware of their need for consistent rest and this would minimise their capacity to work the next day. Therefore, their interests would be covered in scientific management, and this would have won approval from Stuart Mill (Taylor, 2010). On the other hand, the theory had some dire consequences, which would have elicited disapproval from Stuart Mill. Contrary to Taylor’s expectation, his theory eventually led to speedups for most employees. Managers who implemented his theory started by streamlining product ion bottlenecks eventually increased working hours. This heightened fatigue and burn out among several workers. Additionally, some of them instated wage rate cuts in order to make their production processes more efficient. In addition to the above measures, scientific management eventually led to deskilling and the loss of jobs. Workers experienced most of the negative effects of the theory of scientific management. Since utilitarian principles espouse the greatest good for the greatest number of people, then it can be said that Taylor’s theory protected the interests of the minority (business owners and managers) but trampled the needs of majority who are the employees. In this regard, John Mill would have disapproved of the theory. References Moriarty, G. (2001). ‘Three kinds of ethics for three kinds of engineering.’ IEEE technology and Society Magazine, 31-39. Taylor, F. (2010). The principles of scientific management. London: Penguin This essay on Summary of the article Three Kinds of Ethics for Three Kinds of Engineering was written and submitted by user Tanner H. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Could Content Writing Help You Make Ends Meet as a Writer

Could Content Writing Help You Make Ends Meet as a Writer Content could be your best chance of making up the extra income you need to keep your writing ambitions on track. So what is it and how does it work? Content is the material produced Is content the same as advertising? Its more a cross between advertising and journalism. The idea is that people are tired of constant promotional messages – buy this now! – and are becoming increasingly savvy shoppers: before they buy anything, they do loads of research online, for instance, in online forums and on social media. So to reach them, businesses now need to be part of that research process. And that means offering useful information and inspiration to support their decision-making: content. So what does content look like? Its the difference between a mortgage website that just says, check out our deals, and one that also says First-time mortgages: a handy guide for new homebuyers. Since the company is an expert in mortgages, it can tell people some useful things that will help them make a choice. In exchange, the potential customer will consent to hearing a few marketing messages and hopefully feel better disposed towards this provider. Whats the opportunity for writers? The rise of internet search as the dominant way in which consumers interact with businesses has led to a content marketing boom. Video and visual content are increasingly popular, especially in social, but written copy is still needed in huge volumes. Pretty much every business of any size needs content, and that means they need writers. For example, an airline might commission a series of destination guides. A supermarket site might want to develop a library of recipes. A business bank might offer funding tips for startups. A recruitment company might offer CV and interview advice. And so on. With all these examples, theres a strong commercial reason for doing the content: the airline wants people to buy tickets to the destinations they write about, for example. But the content still has to be editorial in flavour: if the material is too salesy it will lose its credibility. How can you get started with content work? Businesses employ a multitude of individual freelancers, freelance platforms and marketing agencies to create content on their behalf. Start What skills and experience do you need?   A background in journalism or copywriting is a great help, but many writers in the content world have no special training and have simply picked up skills and experience along the way. Any specialised knowledge or experience is a plus: a degree in

A Guide to Alto, the Spanish Word for Stop

A Guide to 'Alto', the Spanish Word for Stop All over the English-speaking countries of the world, people may drive on different sides of the road, but an international constant is an octagonal red STOP sign is used to let drivers know they need to stop. The same cannot be said for Spanish-speaking countries. In Spanish-speaking countries, the red octagonal shape is used to mean stop, however, the word used in the sign changes depending on the Spanish-speaking country you are in. In some places the red octagon says Alto, or in other places, the red octagon says, Pare.   Both signs signify for a driver to stop. But, the word alto does not traditionally mean stop in Spanish. Parer is the Spanish verb meaning to stop. In Spanish, the word alto commonly serves as a descriptive word meaning high or loud. As in, the book is up high on a shelf, or the boy shouted loudly. Where did alto come from? How did this word end up on Spanish stop signs? Alto Defined Most native Spanish speakers do not know why alto means stop. It requires some digging into the historical usage of the word and its etymology. For those with a knowledge of German, a similarity could be drawn between the word alto and the German word  Halt. The word Halt in German has the same meaning as the word halt in English. According to the Spanish Royal Academys dictionary, the second reference to  alto with stop as its  meaning is commonly found on road signs  in Central America, Colombia, Mexico, and Peru, and it  comes from the German halt.  The German verb halten  means to stop. The dictionary provides a basic etymology of most words, but it does not go into extensive detail or give a date of first use. According to another Spanish etymology dictionary, the  Diccionario Etimolà ³gico, urban legend traces the Spanish usage of the word  alto with the meaning of stop back to the 15th century during the Italian Wars. The sergeant raised his pike high as a signal to stop the column of soldiers from marching. In this reference, the Italian word for high is alto.   More credence is given to the Spanish Royal Academy dictionarys meaning, suggesting that alto is a direct borrowing from the German halt. The Italian story sounds more like a folk tale, but the explanation is plausible. The Online Etymology Dictionary suggests that the English word halt comes from the 1590s from the French halte or Italian alto, ultimately from the German halt, possibly as a German military term that made its way into the Romance languages. Which Countries Use Which Sign Most Spanish-speaking Caribbean and South American countries use pare. Mexico and most Central American countries use alto. Spain and Portugal also use  pare. Also, in Portuguese, the word for stop is pare.

Policy in the Human Services Assignment #2 Example | Topics and Well Written Essays - 1750 words

Policy in the Human Services #2 - Assignment Example The different stages right from deciding on the agenda or issue for which the policy is needed to be framed to the implementation of the final policy is effectively reflected in the following diagram. The policy making stages reflect after identification of the issue for designing of the policy, reflects on evaluating the problems and the different options for setting up of the policy. After the selection of the right or favorable option the policy making process focuses on generation of legislative and regulatory procedures for designing of the policy before implementing the same to bring about necessary changes. The process of designing or generating a policy is also observed as an effective cycle of different types of activities that are conducted in a specific order. The different types of activities that are conducted in a chronological fashion are identified as recognition of the problems or issues based on which the agenda can be constituted, analysis of the policy to be made, evaluation of the tools for designing of the policy, making effective consultation and collaboration with interested stakeholders, coordinating with other principal areas, formulation of decisions re lated to the policy, implementation of the decision made and finally evaluating the potentiality of the implementation phase in meeting the policy objectives. The above discussion is diagrammatically as follows. Work Life Inc. is a company that works as a consultancy in the generation of effective strategic and marketing solutions for different companies operating in the services sector. Mainly based in United States, the company is currently observed to focus on becoming a multinational company through setting up of branches in different parts of the world both in developed and developing nations. In its bid to internationalize, the company aims in generating a policy framework on incorporating a diversified workforce that

Current Issues in Information Technology Essay Example | Topics and Well Written Essays - 250 words

Current Issues in Information Technology - Essay Example The study will analyze and evaluate the impact of social media on business performance. In this case, the social media provides a platform for doing business where business companies can reach greater market and make their products and services visible on the global scale. The invention enables all companies to reach target market at minimized costs, therefore providing opportunity for competition on an equal footing for small sized businesses (Gilmore and Altan-Erdem, 2008; Baker and Hart, 2007; Barker et al., 2013). The overall research design for this study will be more descriptive in nature applying semi-structured interviews and surveys to solicit information from participants (Bryman and Bell, 2011; Strauss and Corbin, 1998). Primary research will include semi-structured interviews with business managers from different departments such as sales and marketing. Secondary research will be used in the analysis of company policies and providing background on organizations under study. At the same time, the method will examine information communication technology evolution within the corporate sector (Wilkinson, 2003; Kuter and Yilmaz, 2001; Patton,

The Handmaids Tale Essay Example for Free

The Handmaids Tale Essay Gilead’s totalitarianism regime uses religion to meet the ends of the regime, rather than the regime being a means to serve God. ‘Soul Scrolls’ is a place where Handmaid’s purchase one of five prayers to be read to them, before being recycled. Offred’s prayer is a distortion of the Lord’s Prayer which is ostensibly much more personal to her. Offred describes ‘Soul Scrolls’ as ‘a franchise’. This suggests the presence of business and technology in Gilead, reinforced by the idea that the Handmaid’s accounts are debited and that the regime is everywhere. This concept of business is continuous throughout the novel, for example the ‘ceremony’ previously discussed is portrayed to be a business transaction. ‘Franchise’ has connotations of something which is unavoidable. Everybody knows it and everybody has access to it, and it’s the same everywhere you go – it’s incredibly impersonal. Gilead uses ‘Soul Scrolls’ as a means of controlling the Handmaids. There is no flexibility because there is no choice in prayer – there are only five prayers to choose from, which seems quite artificial. In only offering five exact choices – ‘health, wealth, a death, a birth, a sin’, it prevents people praying for anything else. Despite the fact that the Handmaid’s can mentally think of other prayers, they can never articulate this because their freedom of speech is subverted to the state of Gilead. ‘Birth’ and ‘death’ are rites of passage and for the Handmaid’s; it’s the only two things they can be certain of. They exist simply for the purpose to bear children, and constant reminders of the consequences if they fail to conceive are that they will eventually die. With only 5 prayers available, this creates uniformity which shows how Gilead manipulates religion, because in reality, prayer should be different for everyone. The concept of Christianity is based on the relationship between God and the person. Prayer is theoretically supposed to be a means of personal communication, a way to thank God, and to wish for things to happen. ‘Soul Scrolls’ is not personal. ‘The machines talk’ and by speaking in a ‘toneless metallic voice’, Gilead is taking all freedom from the Handmaid’s minds, and this autonomy removes any need for a thought process, which means the Handmaid’s cannot threaten the Gilead regime by thinking for themselves. ‘Soul Scrolls’ allegedly teach the Handmaids’ what they should think. However, their soul is a part of them and they should already know what they want to think, but the absence of this suggests the influence and power of Gilead. The idea that the Handmaids’ minds are also controlled is emphasised by this because Gilead doesn’t let them develop, it uses machines and the role of people such as aunt’s and commanders to brainwash them. Regardless of the Handmaids’ being unable to express their thoughts, since God is omniscient he should know what they’re thinking. However, in articulating their thoughts they could confirm their own beliefs to themselves in a pragmatic way. It forms a part of positive thinking in the concept that the more you repeat it the better a chance they have of getting what they want. There is also a value in articulating feelings to people you love because it’s comforting. God is a conscious living entity aware of people’s love. Nevertheless, Gilead completely restricts this because the Handmaids’ have been brainwashed for so long that it’s wrong to think and to have these feelings, and so this restricts the power that the Handmaids’ could have. ‘Soul scrolls’ is only one way communication from the machine to the Handmaid, and this stops them developing thoughts, making the ‘Soul Scrolls’ simply another way of controlling the Handmaids. ‘Soul Scrolls’ are described by the Wives to ‘help their husband’s career’, which shows the machines to be pragmatic and simply a way to get ahead and follow the regime. ‘Soul Scrolls’ also suggests that the regime is manipulative because it shows a yearning for money and power in charging for the prayers to be read, and in controlling the Handmaids’. In buying prayers, it’s a sign of faithfulness to the regime, which implies that the regime has completely replaced religion and which emphasises that the Commander is thought to be like a God. Gilead completely distorts the meaning of prayer because with ‘Soul Scrolls’ it’s not about connecting with God, and in prayer you should want to pray which is not what this is about. Atwood’s repetition of ‘punching in the numbers’ reinforces this sense of autonomy and contempt for the regime, because it appears repetitive and tedious. Offred describes it as having ‘roll upon roll’ of prayers, which shows Gilead believes in quantity not quality, further emphasising the concept of business and money. Gilead’s regime is described as indestructible. ‘The window of ‘Soul scrolls’ is shatterproof’, which suggests that for the regime to have protected the franchise, they must have feared there would be dissenters. It suggests that not everybody in Gilead accepts it but they don’t dare to express this because of the consequences. There is reference to the spies in ‘Soul Scrolls’, ‘each machine has an eye painted in gold on the side’, which shows their superiority and that the Handmaids’ are always being watched – there is no escape and this is yet another means of controlling them. Offred tries ‘to remember’ what the place sold before and realises it was a lingerie shop. This takes away the feminist aspect of women because Gilead attempts to strip women of any wants and thoughts, to make them only want to bear children. If a lingerie shop existed in Gilead’s society as it were then, it would be considered corrupt, which is ironic because Gilead itself is a mire of corruption. The concept of a patriarchal society is reinforced in that ‘most of the stores carrying things for men are still open’. Offred’s parody of the Lord’s Prayer, which takes place by an empty garden (similar to how Jesus prayed alone in the Garden of Gethsemane), articulates Offred’s feelings of abandonment and despair. Line by line, such as ‘Who Art in the kingdom of heaven’, she regurgitates the sentiments of the Lord’s Prayer, typically used at ceremonies (the irony being in comparison to her experience of ceremonies), and in private commitment to express needs and hopes. Offred dwells on metaphors of ‘heaven’, ‘hell’, ‘daily bread’, and ‘forgiveness’, from which arises a vision of the absent chandelier where her predecessor attached a noose. This shows Offred’s despair because throughout a hopeful prayer she arrives at the conclusion that dying is the only option. Offred tediously recites the recurrent line from a tombstone in Gilead’s cemetery, and despite her attempts to remain ‘In hope’; Offred suffers so much isolation that her prayer becomes a desperate cry for spiritual nourishment. Offred concludes with a plaintive rhetorical question, ‘How can I keep on living? ’ which emphasises her unhappiness within Gilead and her want to end it all. Offred continually refers to God as ‘You’, which shows her yearning to be personal with God and to have a personal relationship. Atwood refers God as ‘you’ because it personifies God showing Offred as trying to talk to him personally. She wishes she knew ‘Your name’, which implies she needs God to answer her. She describes her thoughts as ‘hell we can make for ourselves’, which suggests that the hell is Gilead itself. Offred is uncertain about her capacity to find out about what’s happening in Gilead. ‘The Fall was a fall from innocence to knowledge’ is a reference to Adam and Eve’s loss of innocence after they disobeyed God and tasted the Tree of Knowledge. Offred applies this to herself because Gilead teaches that knowledge is dire and that they will no longer be innocent if they think such knowledge (the irony being that they were never innocent in Gilead’s corrupt regime). This suggests that if Offred was to find out about what was happening, this would be a sin, and this also reinforces Gilead’s influence in terms of how they brainwash the Handmaids’ with bible stories. Offred avoids the ‘traditional’ posture of praying ‘I don’t even close my eyes’. This is because it would draw attention to her and also shows that she is afraid of the consequences if she was found to be personally praying, and so this informal prayer becomes her only way of communicating with God. The ‘equal darkness’ even when her eyes are closed implies that nothing goes away because it’s too hard. However, there is potential optimism within Offred. ‘Or light’ suggests that there could be hope for Offred, except that Gilead takes this hope. This informal way of praying seems like she’s not fully committed but she still wants to pray because she’s desperate. ‘Soul scrolls’ is very impersonal in comparison to Offred’s own prayer. All thought process is removed, unlike how Offred can reflect in her mind during her own prayer. In her own prayer, despite Offred not being completely committed, she does get the opportunity to think about what’s happening in Gilead. In ‘Soul Scrolls’, Offred cannot do this because she may be caught and also because the autonomous voices prevent her from thinking. Offred’s own prayer becomes much like a desperate cry for help and the purpose of her prayer is to portray to the reader just how distressed she is. On the other hand, Offred commits to ‘Soul Scrolls’ because she has too since it’s a sign of faithfulness to Gilead’s regime, and if she didn’t, it would seem suspicious, even if she doesn’t believe in doing it. However, both do criticise Gilead, with ‘Soul Scrolls’ expressing the pointlessness of it, and her own personal prayer expressing how Gilead is a hell. In her own personal prayer, Offred has hope for two way communications, and although his name is not known, God does offer some kind of contemplation for Offred, as she works her way through her feelings. ‘Soul scrolls’ is simply a one way communication because prayers are printed and read to the Handmaids’ before being recycled, which shows the uniformity of this prayer. Offred’s own prayer is also in a sense a rebellion from the constraints of Gilead, because although this isn’t her aim, it does go against what Gilead teaches – that she should not be thinking for herself. When Offred visits ‘Soul Scrolls’, she is complying with the ways of Gilead simply to stay out of trouble. In conclusion, Offred’s personal prayer is much more personal than ‘Soul Scrolls’, and despite it being a distorted version of the Lord’s prayer, it does signify her desperation for salvation from the regime. ‘Soul Scrolls’ is something Offred simply goes along with because she has no choice but too, and this offers her no answers to her thoughts because of how autonomous and controlled it is.

Our Economy Essay -- essays papers

Our economy Their season opened in Boston, against a young Celtics team that had listened to 80-year-old Red Auerbach. "David Stern's name is on the basketball," Auerbach had said. "Not Michael Jordan's." That evening, Celtics TV analyst Tom Heinsohn made sure his audience knew who Jordan is not. "He's not God," Heinsohn said. "Everybody treats him like a messiah or something. He isn't." If it seems odd, at this point, for so many to be confused about Michael Jordan's identity, it's only because Jordan makes it confusing. He does not own the Bulls, and he isn't general manager, but as sure as they lost their opener to the Celtics and as sure as they drifted through the first two months of the season, he is the guy who built this team, for better or worse. Shortly after the Bulls defeated the Jazz in the NBA Finals last spring, Jordan said, "We deserve a chance (to win a sixth title)." Much of what has followed is a consequence of Jordan's desire, ambition and power. Phil Jackson is coach, Scottie Pippen is still a part of the team, albeit disgruntled, and Dennis Rodman is back in Chicago, thanks to Jordan. The power to shape a basketball team, not just any team, but the defending NBA champions, winners of five titles in seven years, is impressive power, indeed. This is one reason Jordan, 34, is The Sporting News' Most Powerful Person in Sports for 1997. Here's another: Jim Jannard, chairman and president of Oakley, Inc., welcomed a new director, Bill Schmidt, onto his board this week. California-based Oakley manufactures high-tech sunglasses at a state-of-the-art Orange County factory. Schmidt is executive vice president of Quaker Oats-Gatorade, creator of the successful "Be Like Mike'' ad campaign in which Gatorade and the basketball superstar beckon thirsty consumers. Jannard and Schmidt were introduced by Jordan, an Oakley director who is developing an inside game-soaring high above boardrooms-to complement his outside shot as a marketing superstar. The cross-pollination of Oakley and Gatorade, Jannard and Schmidt, is a reflection of Jordan's power outside the game, just as his shaping of the Bulls reflects it within. He becomes the first No. 1 who started as an athlete before veering into business and media. Previous No. 1s-Laurence Tisch (1990), David Stern (1991), Phil Knight (1992), Ted ... ...se Jordan and Jackson valued his toughness. A key big man from the '97 playoffs, Brian Williams, was lost because of the cap. As the Bulls limp toward January, Pippen still is sidelined because of foot surgery, and he demands to be traded. Rodman plays lethargically. Jackson's zen is on the blink. Only Jordan, averaging a league-leading 26.8 points, stands between the club and humiliation. In business, as with the Bulls, he has the power to be who he is, to call his shots, to control his image. A bold display of Jordan's power occurred this year when two companies he represents, Nike and Oakley, collided over use of his image. Jordan has been with Nike since 1984; he earns $15 million to $20 million a year from the $9 billion behemoth. He has been with Oakley since 1995; he earns about $500,000 a year plus stock equity from the $220 million upstart. An Oakley print ad featured Jordan wearing Oakley sunglasses as well as an Oakley beret. Nike sued Oakley, claiming its contract with Jordan requires he wear Nike apparel in all of his ads. Jordan says he wore the Oakley beret because he believed at the time his deal with Nike encompassed only athletic equipment.

Film Scene Analysis On Racism Depicted In The Movie Crash Essay

In the film Crash we are given a picture of all different kinds of social and multicultural differences, giving us an eye opening and often disturbing examples of racism that damages our society. The scene I have chosen to analyze is between 18:30 – 21:05 minutes in the movie Crash. Cameron and Christine are a black well off couple. They experience stereotyping and racism when they are driving home from a party. A white police officer pulls them over and performs a search on both Cameron and Christine. This scene illustrates the social and racial tensions, with a racist white officer molesting an innocent black woman. The scene is located in a residential neighborhood, in an American City. Although the time of date is not stated it is very dark and probably late at night as there a few cars that pass through the entire scene. There is a Christmas tree in the background, suggesting that this is set during the winter. Although it is dark and gloomy, we can depict that it is cold as Cameron is wearing a turtleneck and blazer, and the policeman are also wearing jackets. The scene revolves around four major characters, Cameron (Husband), Christine (Wife), Officer John, and Officer Tom. Cameron and Christine are pulled over by the two officers whilst driving a Black Navigator. The cop car is directly behind the black navigator, however most of the scene takes place near the Black Navigator. Around the characters there are a few malnourished trees, alongside with blurred streetlights and shop signs. There are glimpses of residential houses in the background indicating that they are in a suburban area. Cameron’s costume is a beige turtleneck, with a Dark brown blazer and black dress pants. He is also wearing a wedding ring, black leather strap watch, and frameless glasses. Christine is wearing a white cocktail dress, with the majority of her body exposed. She is wearing diamond earrings and a wedding ring. Officer John and Tom are wearing police issued jackets, black button down  shirt, black pants and black leather shoes. There is a police badge stitched into the jacket, and on the left arm of the jacket showing their rank. Throughout the scene the dialogue is accompanied by a faint eerie melody that is played at slow tempo. As Officer John is molesting Christine the camera starts to follow John’s hands up and down her backside. Most of the time the camera is focused on the characters faces, to allow the viewer a deeper insight into the situation. Cameron and Christine are both of African decent, and first generation Americans. Christine mentions at the start that Cameron is a Buddhist, and does not drink; however Christine does not oblige to the same lifestyle. Cameron is 5ft10, 40-50 years old, around 160-180 pounds and has his hair slick back. Christine is 5ft7, 40-50 years old, around 120-140 pounds and has her hair tied back. Officer John is around 5ft10-11, 30-40 years old; around 170-190 pounds, and slick back hair. Officer Tom is a younger version of John, around the ages of 20-30, same height and around 150-170 pounds with unpolished hair. When Cameron and Christine are pulled over by the Police, they smile at each other as if they just cracked a joke. When the police officers approach the vehicle and ask Cameron to step out the car, Christine loses it and starts mouthing off at Officer John calling him a â€Å"cracker†, boiling his blood. A key moment in the scene is when Christine searched by Officer John, and glares at Cameron signaling for help. Cameron makes eye contact and looks away in sadness signaling there is nothing he can do. Although Cameron does not speak out, we can clearly tell he is in distress and controlling his anger displayed through non-verbal behavior (Elliot Aronson et Al, 2012). While Officer John runs his hands down Christine’s backside he constantly glances at Cameron showing him the distribution of power in this situation. Although Cameron may be a movie director, John proves to him he is an officer of the law and holds more power than his money can buy. Officer Tom handles contains Cameron as he is forced to watch his partner perform sinful acts on the poor housewife. Through his facial expressions we can depict that he is clearly uncomfortable with his partner’s action, however he is unable to act against them. Officer John clearly outranks Tom in terms of superiority, and must follow his orders. Officer John is portrayed as a troubled racist white that feels the need to establish his racial dominance and authority. Although this could have been a long stemming hatred towards blacks (Attribution Theory (Elliot Aronson et Al, 2012)), it seems that an incident prior to the scene may have triggered his reaction. An Availability Heuristic (Elliot Aronson; Timothy D. Wilson; Robin M. Akert, 2012) may have readily been available for John when he saw a black man receiving fellatio from either a white/black female. Christine as mentioned before is slightly drunk throughout the scene, and starts mouthing off at Officer John. Although both Cameron and Christine realize that this is an act of racism Christine acted out of line by turning a bad situation into a worse one. In a way she was acting out of her Gender Role (Elliot Aronson et Al, 2012) as the male should be the one to deal with situations like this. In the marriage vows it says that you must protect your partner at all times, and is a common known fact when associating Gender Roles (Elliot Aronson et Al, 2012). The traditionally male roles of â€Å"provider† and â€Å"protector† are especially examined when the police officer is molesting Christine, and Cameron just watches in silence and despair. It is arguable that when confronted by police there are certain Demand Characteristics (Elliot Aronson et Al, 2012) that should be done, however in this case Cameron acted like a coward. It is interesting to observe the interaction between Cameron and Christine throughout the scene. Cameron shows his male dominance by telling Christine to â€Å"Shut Up, Stop Talking† and stay out of the situation. This proves that Cameron’s Social Cognition (Elliot Aronson et Al, 2012) is that he is in power and that his wife should listen to his words. Another key thing that was observed during the analysis was that Cameron was more afraid of the consequences against his own future career than his wife. To elaborate Cameron knew that if he intervened with Officer John he would be arrested and be all over the news. He was more concerned with his own image than his wife, which is why he stood there helplessly watching. Once the officers left, we can see that Cameron has been morally degraded and on the verge of succumbing into insanity. Christine starts to blame Cameron for his cowardly actions, although he does not seem to care much on the outside we can depict that it is doing a number on him mentally. When I first  watched this scene I was shocked to see Officer John abuse his power, whilst at the same time surprised to see Cameron and Officer Tom watch helplessly. Especially Cameron being her husband he shows no signs to try and help Christine. This scene is a clear example of Modern Racism (Elliot Aronson et Al, 2012), and how certain roles in society have the ability to abuse their power. It is also very interesting to see how social psychology plays a big role in how certain people make decisions. Such as Christine speaking out of place, John molesting Christine, and Tom and Cameron acting as innocent bystanders. References Elliot Aronson; Timothy D. Wilson; Robin M. Akert (2012), Social Psychology, Eight Edition, New Jersey, Pearson Education Inc, Retrieved from Coursesmart Library

Discussion Questions Week 1 Economics 365

Discussion Questions Week One Economics 365 TEAM C- WEEK ONE DISCUSSION QUESTIONS 1. What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making. (Ana K Gonzalez) * According to â€Å"What Is Economics? A Definition Of Economics† (2012): * Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals.Since economics is a driving force of human interaction, studying it often reveals why people and governments behave in particular ways. There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. Macroeconomics, on the other hand, takes a much broader view by analyzi ng the economic activity of an entire country or the international marketplace (Para. 2 & 3). Economics play an important role in all aspects of life and sometimes people don’t realize that they are using economics day by day.With the use of economics people can understand how to spend time and money. Unemployment, technological progress, interest rates and budget deficits are important issues presented in our daily personal and professional lives. As students, economics can help us to acquire more knowledge about what kind of difficulties business in our region presents, how to solve it, and the difference procedures to follow to succeed as a business holder. 2. What is the difference between a movement along and a shift of the demand curve?What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the role of supply and demand in decision making? Provide a real-world example . (Sonia Elias) The difference between a movement along and a shift of the demand curve in the movement along is caused by a change in the price of goods or services performed and a shift of the demand curve is caused because a change in any non-price determining on the demand and it can change to both side the right or the left.The effect in the equilibrium price and quantity that result from the increase in demand is the price goes up because of the demand of the product is more and also the quantity has its effect because with more demand it requires more quantity on the product. A good example is the petroleum now its price is going up because of the demand it is suffer. The role of the supply and demand takes the role of decide how much quantity will require to provide the costumers with their demands on a certain product; it makes the decision of require more quantity of products to supply the costumers. . What is the definition of price elasticity of demand? What is the relat ionship between price elasticity of demand and total revenue? How does price elasticity of demand affect a firm’s pricing decisions? How does the availability of substitutes affect the price elasticity of demand? Provide an example. (Chuck Crain) By definition, price elasticity simply means the way demand responds to price changes. The relationship between price elasticity and total revenue can be a very successful one or a total nightmare based on whether or not the product has good elasticity.As long as the product is something the general public either needs or is very high on their want list, then the product has good elasticity and the profits will continue to increase, thus making total revenue much greater. However, if the product is something society can live without, then the product has bad elasticity and total revenue will go down. When a firm decides to make or sell a product, many considerations go into their long term plans, such as will this product stand the t est of time and will it be profitable even in tough financial cycles.As long as the product has good price elasticity and the competition is low, then prices can be adjusted to meet the current market price or to increase revenues. However, if the product has a bad elasticity, then the business will have to decide on whether or not to raise prices, but this decision could cost the company money now and in the future because the customers chose not to pay a higher price. When people want a similar product without the high price, they turn to substitutes.This can include any generic brands of products that provide close to the same experience for the customer, without the higher price of their original brand. Substitutes greatly affect the elasticity of price, because people can choose to buy another product at a lower price, and basically get the same results from the product. An example would be if a person loves to drink Coke, but can’t afford the price they charge.The perso n would turn to a cheap brand such as Sam’s Cola and receive basically the same benefit, without spending the extra money. * Reference Principles of Macroeconomics. (2009). Retrieved from http://ocw. mit. edu/courses/economics/14-02-principles-of-macroeconomics-fall- 2009/ What is Economics? A Definition of Economics. (2012). Retrieved from http://www. whatiseconomics. org/ Why is economics considered social science?. (2012). Retrieved from http://wiki. answers. com/Q/Why_is_economics_considered_social_science

How To Lead A Remote Team With Sandra Lewis From Worldwide101

How To Lead A Remote Team With Sandra Lewis From Worldwide101 Do you work remotely? A recent Gallup study shows that more than 40% of the American workforce works remotely, at least some of the time. Today, we’re talking to Sandra Lewis, founder and CEO of Worldwide101. It’s a premium subscription staffing company with virtual assists, expert marketers, and others across the world. Sandra shares six keys you need when working with a remote team to amplify their abilities and make them successful. Key 1 Hire for passion: You want them to be interested, passionate, and obsessive in your service and product Key 2 Analyze skill sets and strengths: Worldwide101 has two pillars that categorize someones strength structured or creative Key 3 Amplify those strengths: Amplifying a strength is having someone do what they do best; also look at what can complement a core strength (soft skills) Key 4 Provide ongoing learning opportunities: Keep people engaged and provide a path and cross training for them to grow their strengths Key 5 Provide great tools: Try new tools and build a tool stack that helps workers be more efficient and productive Key 6 Over communicate: Have face-to-face meetings, acknowledge every email, set check-in times to build trust and get to know someone remotely To lead a successful remote team, keep it personal; do little things that make working remotely less isolated; love the people you work with and celebrate them Links: Worldwide101 Upwork Slack Constant Contact Write and send a review to receive a care package If you liked today’s show, please subscribe on iTunes to The Actionable Content Marketing Podcast! The podcast is also available on SoundCloud, Stitcher, and Google Play. Quotes by Sandra Lewis: â€Å"My company allows for successful business owners and executives to subscribe to staff without having to employ them themselves.† â€Å"Over-communicate. That is super important when youre remote, when you cant see each other.† â€Å"The first thing to do to amplify strength is to make sure you give that person what theyre good at.† â€Å"Everyone wants to keep learning, its part of staying motivated in what you do.†

Quotes from James Monroe - Fifth President of the United States

Quotes from James Monroe - Fifth President of the United States James Monroe was a fascinating character. He was studied law with Thomas Jefferson. He served under George Washington during the American Revolution. He was also the only person to serve as both Secretary of War and Secretary of State at the same time during the War of 1812. Learn more about James Monroe. The American continents ... are henceforth not to be considered as subjects for future colonization by any European powers. Stated in The Monroe Doctrine on December 2, 1823.   If America wants concessions, she must fight for them. We must purchase our power with our blood. It is only when the people become ignorant and corrupt, when they degenerate into a populace, that they are incapable of exercising their sovereignty. Usurpation is then an easy attainment, and an usurper soon found. The people themselves become the willing instruments of their own debasement and ruin. Stated during the First Inaugural Address of James Monroe on Tuesday, March 4, 1817.   The best form of government is that which is most likely to prevent the greatest sum of evil. Never did a government commence under auspices so favorable, nor ever was success so complete. If we look to the history of other nations, ancient or modern, we find no example of a growth so rapid, so gigantic, of a people so prosperous and happy.  Stated during the First Inaugural Address of James Monroe on Tuesday, March 4, 1817.   In this great nation there is but one order, that of the people, whose power, by a peculiarly happy improvement of the representative principle, is transferred from them, without impairing in the slightest degree their sovereignty, to bodies of their own creation, and to persons elected by themselves, in the full extent necessary for the purposes of free, enlightened, and efficient government. Stated during the Second Inaugural Address of the president on Tuesday March 6, 1821.

Report on BlueScope Steel Lab Example | Topics and Well Written Essays - 2000 words

On BlueScope Steel - Lab Report Example The most important growth element in BlueScope Steel is evident in its major restructuring plan covering Australian operations, which seeks to reposition the company for increased profitability and as well as growth. The Board approved the restructuring plan and as such, it will contribute to major changes in the operations of the firm that include shutting down the No. 6 Blast Furnace at the Port Kembla, closure of No.4 Cokemaking battery, No. 3 BOS steelmaking furnace and No.1 slab caster as well as closure of the Western Port Hot Strip Mill. Mergers and acquisitions are considered the best corporate strategy for BlueScope Steel owing to a wide range of positive attributes associated with it. With mergers or acquisitions, the company will certainly avoid the hustles associated with joint ventures or funding a subsidiary. The company has managed to expand a number of its operations owing to acquisitions. Key among the acquisitions made by BlueScope over the previous financial years include IMSA Steel Corp, a steel products manufacturing company, from Ternium SA subsidiary of San Faustin NV's Grupo Techint unit as well as Smorgon Steel Group Ltd (SS) steel and metal marketing division. Member 3 WANG, YING 2766757 To a steel-making company such as BlueScope, the value for its business comes from the steel and iron production, which is the most important valuation measurement. Besides the workforce, the steel industry is labor-intensive business. Then, the equipment and devices are also the value for this kind of industry. To increase the enterprise value, there are three major missions, namely reinvigorating their domestic business, including Australia and New Zealand; expanding and improving Asian and North American market; and continuing to grow sunrise business to make BlueScope Steel a unique steel production enterprise (2010/2011 Annual Report 2012). Coated and Industrial Products and Pacific Steel Products have significantly helped the company earn much mo re profit than before, in Australia and New Zealand, respectively (BlueScope Steel Limited Products2012). Because for the domestic market raw materials can be mined in Australia, the transportation expenses can be saved and steel marketing industry is the mainstay industry to countries in Oceania. Therefore, the growth project for steel making in these two years was very strong (IBIS World 2012). In addition, this program makes raw materials a very important role of producing iron for steel-making companies. As everybody knows, Australia is the origin of iron and its economy based on the export of the raw materials and iron. Australia gained a huge amount of capital during these four to five years (2010/2011 Annual Report 2012). Moreover, Australia was just affected slightly by economic crisis. According to this advantage, steel and iron production increased rapidly in Asian countries, and BlueScope Steel seized this opportunity. They take the advantage of Australia's natural resour ces, transfer them to the capital, and make the steel industry to be one of the top three pillar industries both in Australia and in New Zealand. The hot strip mill and the plate mill have been identified as the most two profitable products.However, this only depends on the market demand. For instance, if the market is in a positive situation, the steel price is high and market demand is optimistic, hence the production level will be maintained and the profit will be guaranteed at the same time. When it comes to the real

Paul Rand Research Paper Example | Topics and Well Written Essays - 1500 words

Paul Rand - Research Paper Example Paul Rand’s life began in 1914 in Brooklyn. He was raised up in a firm Orthodox Jewish environment. Orthodox rules condemn the establishing of images for worship such as idols, but at a tender age, Rand would contravene such laws by extracting and placing photos of celebrities and supermodels aired in the media in his father’s grocery warehouse. He joined the Pratt Institute, previously known as the Parsons School of design, as well as the Art Students League. In the Art League, he became one of the pioneers of the Swiss Style of graphic design.2 Having a strong background in designing stock portraits and images for many magazine and newspaper companies, coupled with the thought that his Jewish name might drag his career backwards in a white domineering society, he renamed himself Paul Rand. These two four letter words served as his lifelong corporate identity. In his early twenties, Rand piled a large Portfolio. He was being assigned jobs that made him famous both at home and abroad. During this period of time, he began setting page layouts for the famous Apparel Arts magazine. His designs on the exterior layout of the Direction Magazine became astounding, attracting readership. In 1940, he came up with a barbed wire cover design, which depicts the magazine as both a war-tone token and a crucifix. This was his tactic of testing with high art themes.3 Rand was gifted in converting the mundane into creative and astonishing layouts. This earned him a contract in the Esquire-Coronet magazine as an art director. At first, he failed to take up the job, but later reconsidered the offer, making him the head of Esquire Magazine when he was as young as 23. In late 1930s, Rand commenced his occupation of designing logos and corporate brand identities. In 1938, he established a new trade name for both Wallace Puppets and Esquire. At the turn of 1940, Rand climbed the job ladder to become the Art Director with William H. Weintraub Advertising firm.4 During his

Influence of Corruption in Italian. Italian Soccer League Research Paper

Influence of Corruption in Italian. Italian Soccer League - Research Paper Example According to FIFA; which is the World Football regulation body, match fixing is an offense. In Seriea A, match fixing alongside other cases such as bribing of referees so as to influence a match in a way that benefits some other team have been common. This paper investigates how such actions are likely or have been able to influence the Italian Soccer league. Corruption and the Italian Soccer League In the recent past, Italy has had to deal with a series of match fixing scandals. Several people have been arrested, several club teams both at upper and lower levels have been held for impropriety with several other team officials and coaches being put under serious investigations. In 2006, Juventus suffered a heavy blow after it was temporarily demoted to Serie B and stripped of two Serie A titles, due to a match fixing scandal. It is important to understand how match-fixing scandal often takes place. One, it involves a pre-determined way of playing in a way that benefits some team (Hum phreys and Howard, 2008). ... However, one fact needs to be established that corruption has often affected the performance of not only selected clubs but also the Soccer League in general (Deloitte, and Touche, 2003). It has been established that corruption in the Italian soccer league in the Italian Soccer league is not just a current affair. There is a long history of corruption associated problems that has faced the league since its inception. For instance, in 1925 there was a national strike of referees following the suspicion that there was a ploy to mistreat and blacklist some members of the referees’ association (AIA)? It is believed that certain clubs were behind this supposed blacklisting, in order to eliminate some referees had remained reluctant to bow for the pressure and manipulation that these clubs had some times resorted to, in what has been referred to as winning at all cost (Deloitte, and Touche , 2003). To illustrate how this scandal had affected the credibility of the league, a match ha d to be declared null and Void in 1926 between Torion and Casale following the allegations that the referee had failed to officiate the match with â€Å"the correct serenity of spirit†. It was believed that the referee was completely biased awarding one of the teams most of the advantages. The reputation of referees then was put into question following a number of same incidences. The referees went on strike refusing to take any officiating responsibility due to the fact that most of them were victimized for no apparent reasons. In order to respond to these issues the Italian football had to set-up a commission that would identify and recommend reforms so that the once credible

Leadership Skills of Paul of Tarsus

Leadership Skills of Paul of Tarsus Carmel Gittens In the light of Romans, 1 Corinthians and Galatians, what sources of authority does Paul draw on to reinforce his case and what can be learned from the apostle in this respect for contemporary church leadership? Following his conversion on the road to Damascus, where Paul of Tarsus, one time persecutor of the followers of Jesus met with the risen Lord, he became the greatest defender of the newly forming Christian faith. His zeal and fervour once so attuned to ridding the world of this perceived threat to Judaism now turned to promoting the same. However, such was his dramatic and life changing meeting with Jesus, that Paul not only devoted his life to growing and nurturing early Christian churches, and spreading the gospel across the Mediterranean and beyond, but was willing to endure persecution and indeed martyrdom himself in the pursuit of his divine mission. It is widely held that Paul was uniquely equipped for this mission as he had many of the qualities needed for such an enormous task. In this essay, I will look at Pauls journey from persecutor to proselyte, a journey that took him many thousands of miles and one that required him to assert his message with conviction and authority. Paul would have to defend his teachings and the gospel he proclaimed in many varied and often difficult situations. To do this he used a variety of sources, for example, when Paul defends his apostolic status or challenges lax moral behaviour or advocates his gospel message he draws on his conversion experience, the Hebrew Scriptures, his finely honed and excellent rhetorical skill, and subsequent force of argument, to strengthen his case. Finally, I will look at how his leadership skills and methods may give us an insight into contemporary church leadership today. Let us first look at Pauls apostolic authority. There is no doubt that Paul claimed to be an apostle, and he certainly exercised authority, but when he did would he have claimed this to be as an apostle? He would not particularly have claimed that his authority came from his appointment as an apostle, but there are times when in defending his status he does assert his apostolic position. In the first two chapters of Galatians and in the letters to Corinth Paul hotly defends the position of being an apostle. In Galatians, some had argued that because he was not one of the original apostles appointed by Jesus he is somehow inferior to them, but more importantly as inferior to Peter. Of course, this is at the heart of the debate over apostleship. Pauls response to this was furious, he was furious with the old teachers who questioned his authority and tried to tie up the Christians with the old laws. But he was even more furious with the Christians for succumbing to their intimidation. Paul begins his letter with a strong and clear account of how his commission is not by vote of man, but God given. He continues to state how once James, Peter and John have recognised this they shake hands with him and Barnabus and assign them to a ministry with the non-Jews, while they continue with the Jews. He is stating here also that even as he rebukes Peter for certain practices that he thinks are out of line, Peter recognises his authority and equality with himself. In 1 Corinthians 9.1; 15.8-11 Paul asserts his right to be included as an apostle. He had after all seen the risen Christ, and the mission work he was doing with the Corinthians attested to his position (1 Cor.9.1-2) Am I not free? Am I not an apostle? Have I not seen Jesus our Lord? Are you not the result of my work in the Lord?2 Even though I may not be an apostle to others, surely I am to you! For you are the seal of my apostleship in the Lord. But this claim is not one that Paul constantly refers to. He actually only claims to be an apostle in Romans, 1 and 2 Corinthians and Galatians. In both Corinth and Galatia some denied that he was an apostle so it is here in his letters to them that he launches his defence. But in Romans he speaks from the outset as being an apostle perhaps because having never personally visited these churches he wants them to be clear from the outset that the gospel he proclaims is on the same standing and has the same authority behind it as that proclaimed by Peter and the twelve. He does not however have to defend his position as much in Rome as he does in Corinth and Galatia. But rather he gently reminds in Rom 11.13: 13 I am talking to you Gentiles. In as much as I am the apostle to the Gentiles, I take pride in my ministry. It is clear from this that Paul only therefore claims his apostleship when this has been called into question by others, and not on the basis that he needs this authority in order to be a witness to the gospel. Pauls self-professed authority comes from God himself via Jesus the Son. Paul claims this has come from his road to Damascus vision of Christ, and as such he believes that he speaks authoritatively as one the Lord trusts. For example, when speaking to the Corinthians on the subject of marriage (1 Cor 7.25) 25 Now about virgins: I have no command from the Lord, but I give a judgment as one who by the Lords mercy is trustworthy. Although he does at times directly speak of the Lords teachings; as when instructing about the proper way for the Lords supper to be celebrated (1Cor 9.14), 23 For I received from the Lord what I also passed on to you: The Lord Jesus, on the night he was betrayed, took bread, he does not regularly use the words of Jesus but claims that his authority comes directly from the Lord e.g.,for building up not tearing down (13.10). Scuhz1 argues that Authority is the interpretation of power and for Paul that power would be the gospel He claims that the thing that makes Paul so authoritative is his ability to interpret the gospel. This act of interpretation unlocks the source of power in the gospel and thereby makes that power accessible to those who respond in trust and obedience to it. Pauls ability to be a vessel of this power to people is what establishes his apostolic authority. Because the gospel has both an initial and ongoing task to accomplish in the community, Pauls authority extends past the initial acceptance of the gospel and well into the intricacies of the communities everyday forms, patterns and practices. His right to speak to the communities he founded arises out of the foundational power which they both have experienced, the gospel that he both mirrors in his life experience and which he preaches. The restraint on apostolic authority has its anchor in the nature and meaning of that same gospel. Power through weakness. No egotistical or authoritarian style for Paul. His authority and leadership are informed, shaped and regulated by the paradoxical content of the gospel he preaches. see I Cor 1:18ff Bibliography Dunn, James D G (ed), The Cambridge Companion to St Paul (Cambridge: CUP, 2003), especially the essays in Part 3. Furnish, Victor Paul, Theology and Ethics in Paul (Nashville: Abingdon, 1968). Longenecker, Richard (ed), The Road from Damascus: The Impact of Pauls Conversion on His Life, Thought, and Ministry (Grand Rapids, Michigan: Eerdmans, 1997). Malherbe, Abraham J, Paul and the Popular Philosophers (Minneapolis: Fortress, 2006). Sampley, J Paul, Walking between the Times: Pauls Moral Reasoning (Minneapolis: Fortress, 1991). Kim, Sayoon, Paul and the New Perspective: Second Thoughts on the Origin of Pauls Gospel (Grand Rapids: Eerdmans, 2002). 1Schà ¼tz, John Howard, Paul and the Anatomy of Apostolic Authority (Cambridge: CUP, 1975).

Lord Of The Flies - Symbolism :: essays research papers

In the book, Lord of the Flies, the author frequently uses symbolism. Symbolism-n 1: the art or practice of using symbols esp. by investing things with a symbolic meaning or by expressing the invisible or intangible by means of visible or sensuous representations. In other words, discussing or explaining a broader, more general topic by linking it symbolically with a specific event in a literary work. The superb use of symbolism in the book is one of the contributing factors to the profoundness of Lord of the Flies. This book is peppered with examples of symbolism, but the ones that stand out the most are: The breaking of Piggy’s spectacles, the representation of the littluns and Jack as the "people" and the government, and Simon’s conversation with the Lord of the Flies. The breaking of Piggy’s spectacles meant much more than the mere marring of a pair of glasses. ‘Ralph made a step forward and Jack smacked Piggy’s head. Piggy’s glasses flew off and tinkled on the rocks.’ "One side’s broken." This is somewhat of a turning point in the book. The breaking of Piggy’s spectacles symbolizes a mark at which rational influence decays as the story progresses. To better understand this, you must first know that Piggy himself is symbolized a grown-up figure, with intelligence and common sense. Looking back on the story, one can begin to realize how true this is. After Piggy’s glasses are broken, the fabric that holds the island society together begins to dissolve and everything goes awry. This discussion is perhaps the single most important part of the story, and may also be the most difficult part to understand. Another subtle, but important symbolization is the representation of the littluns as the "people", and Jack as the government. By using this symbolization, the author tries to express what he feels is wrong with modern government. This symbolization is shown in the book by a statement made by Jack. "What about the littluns?" "Sucks to the littluns!" "Somebody has to look after them" "Nobody has so far." By this, the author makes reference to the government (Jack), and how government officials disregard it’s "people" (littluns). The most deeply symbolic event in the book, is Simon’s discussion with the pig’s head, or the Lord of the Flies. "-and his gaze was held by that ancient, inescapable recognition. This statement is crucial to understanding the theme of Lord of the Flies.

Inflation Is Assumed

Inflation is assumed Chapter 1 True / False Questions 1. Inflation is assumed to be a temporary problem that does not affect financial decisions. FALSE 2. Financial Capital is composed of long-term plant and equipment, as well as other tangible investments. FALSE 3. Real Capital is composed of long-term plant and equipment. TRUE 4. During the 1930s, financial practice revolved around such topics as the preservation of capital, maintenance of liquidity, reorganization of financially troubled corporations and bankruptcy. TRUE 5. In the mid 1950s, finance began to change to a more analytical, decision-oriented approach.TRUE 6. Recently, the emphasis of financial management has been on the relationship between risk and return. TRUE 7. The most common partnership arrangement carries limited liability to the partners. FALSE 8. In terms of revenues and profits, the corporation is by far the most important form of business organization in the United States. TRUE 9. Dividends paid to corporat e stockholders have already been taxed once as corporate income. TRUE 10. One advantage of the corporate form of organization is that income received by stockholders is not taxable since the corporation already paid taxes on the income distributed.FALSE 11. A corporation must have more than 75 stockholders to qualify for Subchapter S designation. FALSE 12. Profits of a Subchapter S corporation are taxed at corporate tax rates. FALSE 13. Corporate governance issues have become less important to the financial community during the first decade of the new millennium. FALSE 14. Agency Theory examines the relationship between companies and their customers. FALSE 15. A major focus of the Sarbanes Oxley Act is to make sure that publicly traded companies accurately present their assets, liabilities and income in their financial statements.TRUE 16. The Sarbanes Oxley Act is primarily intended to increase public scrutiny of private companies that had previously been exempt from many public dis closure requirements. FALSE 17. Timing is not a particularly important consideration in financial decisions. FALSE 18. Maximizing the earnings of the firm is the goal of financial management. FALSE 19. Insider trading involves the use of information not available to the general public to make profits from trading in a company's stock. TRUE 20.Financial markets exist as a vast global network of individuals and financial institutions that may be lenders, borrowers, or owners of public companies worldwide. TRUE 21. Money markets refer to those markets dealing with short-term securities having a life of one year or less. TRUE 22. Money markets refer to markets where excess corporate cash is exchanged for foreign currencies that can earn a higher return than domestic money. FALSE 23. Capital markets refer to those markets dealing with short-term securities having a life of one year or less. FALSE 24. The primary market includes the sale of securities by way of initial public offerings.TR UE 25. High quality initial public offerings are usually sold in a primary market, such as the New York Stock Exchange. However, low-quality stocks must usually be sold in secondary markets, such as NASDAQ. FALSE 26. Although NASDAQ is a secondary market, some of the firms traded there, such as Microsoft, are large enough to move to the primary market if they so desire. FALSE 27. The secondary market characteristically has had stable prices over the past 20 years. FALSE 28. In the United States, stocks sold on either the New York Stock Exchange or NASDAQ are considered sold in the primary market.FALSE 29. New issues are sold in the secondary market. FALSE 30. Existing securities are traded in the secondary market. TRUE 31. Many companies have cross-listed their stock on multiple international stock exchanges and more than several hundred foreign companies have listed their shares on the New York Stock Exchange. TRUE 32. Financial management requires both short-term activities as wel l as long-term planning such as raising funds. TRUE Multiple Choice Questions 33. What is the primary goal of financial management? A. Increased earnings B. Maximizing cash flow C. Maximizing shareholder wealthD. Minimizing risk of the firm 34. In the past, the study of finance has included A. mergers and acquisitions. B. raising capital. C. bankruptcy. D. all of these. 35. Professor Merton Miller received the Nobel prize in economics for his work on   A. dividend policy. B. investment theory. C. working capital management. D. capital structure theory. 36. Professors Harry Markowitz and William Sharpe received their Nobel prize in economics for their contributions to the   A. options pricing model. B. theories of working capital management. C. theories of risk-return and portfolio theory. D. heories of international capital budgeting. 37. Proper risk-return management means that A. the firm should take as few risks as possible. B. the firm must determine an appropriate trade-off between risk and return. C. the firm should earn the highest return possible. D. the firm should value future profits more highly than current profits. 38. One of the major disadvantages of a sole proprietorship is   A. that there is unlimited liability to the owner. B. the simplicity of decision making. C. low organizational costs. D. low operating costs. 39. One of the major advantages of a sole proprietorship is   A. hat the owner has limited liability. B. that stock in the proprietorship can be easily transferred. C. that it is exempt from many tax rules that would otherwise apply when employees are hired by the firm. D. low operating costs. 40. The partnership form of an organization A. avoids the double taxation of earnings and dividends found in the corporate form of organization. B. usually provides limited liability to the partners. C. has unlimited life. D. simplifies decision making. 41. A corporation is A. owned by stockholders who enjoy the privilege of limited lia bility. B. easily divisible between owners.C. a separate legal entity with perpetual life. D. all of these. 42. With a Subchapter S corporation A. income is taxed as direct income to stockholders. B. stockholders have the same liability as members of a partnership. C. the number of stockholders is unlimited. D. life of the corporation is limited. 43. A Subchapter S corporation A. is similar to a partnership in that is carries unlimited liability. B. is a separate legal entity which is treated like a normal corporation. C. has all the organizational benefits of a corporation and its income is only taxed once. D. all of these. 44.Corporate governance is the A. relationship and exercise of oversight by the board of directors of the company. B. relationship between the chief financial officer and institutional investors. C. operation of a company by the chief executive officer (CEO) and other senior executives on the management team. D. governance of the company by the board of director s with a focus on social responsibility. 45. Many companies such as Tyco, Enron, and WorldCom that suffered financial distress in the late 1990s and early 2000s,   A. committed fraud. B. had failed corporate governance oversight. C. went bankrupt. D. ll of these are true. 46. Agency theory examines the relationship between the A. shareholders of the firm and the firm's investment banker. B. owners of the firm and the managers of the firm. C. board of directors and large institutional investors. D. shareholders and the firm's transfer agent. 47. Agency theory would imply that conflicts are more likely to occur between management and shareholders when   A. the company is owned and operated by the same person. B. management acts in the best interests of maximizing shareholder wealth. C. the chairman of the board is also the chief executive officer (CEO). D. he board of directors exerts strong and involved oversight of management. 48. Agency problems are least likely to arise in whi ch organizational form? A. sole proprietorship B. limited partnership C. corporation D. subchapter S corporation 49. Institutional investors are important in today's business world because   A. as large investors they have more say in how businesses are managed. B. they have a fiduciary responsibility to the workers and investors that they represent to see that the firms they own are managed in an ethical way. C. as a group they can vote large blocks of stock for the election of board members.D. all of these. 50. The increasing percentage ownership of public corporations by institutional investors has   A. had no effect on corporate management. B. created higher returns for the stock market in general. C. created more pressure on public companies to manage their firms more efficiently. D. taken away the voice of the individual investor. 51. The Sarbanes-Oxley Act was passed in an effort to A. protect small business from large corporations dominating the market. B. ensure that pa rtnerships divide profits among partners in a fair manner. C. guarantee outside auditors can control corporate accounting practices.D. control corrupt corporate behavior. 52. Maximization of shareholder wealth is a concept in which   A. increased earnings is of primary importance. B. profits are maximized on a quarterly basis. C. virtually all earnings are paid as dividends to common stockholders. D. optimally increasing the long-term value of the firm is emphasized. 53. Which of the following is not a true statement about the goal of maximizing shareholder wealth? A. It takes into account the timing of cash-flows. B. It is a short-run point of view which takes risk into account. C. It considers risk as a factor. D. None of these. 54.Insider trading occurs when A. someone has information not available to the public which they use to profit from trading in stocks. B. corporate officers buy stock in their company. C. lawyers, investment bankers, and others buy common stock in compan ies represented by their firms. D. any stock transactions occur in violation of the Federal Trade Commissions restrictions on monopolies. 55. The major difficulty in most insider-trading cases has been   A. that lenient judges have simply released the guilty individuals. B. that insider trading, even though illegal, actually serves a beneficial economic and financial purpose.C. that inside trades have not been legally well defined. D. inside trades actually have a beneficial effect on the wealth of all stockholders. 56. Money markets would include which of the following securities? A. common stock and corporate bonds. B. treasury bills and commercial paper. C. certificates of deposit and preferred stock. D. all of these. 57. Capital markets do not include which of the following securities:   A. common stock B. commercial paper C. government bonds D. preferred stock 58. When a corporation uses the financial markets to raise new funds, the sale of securities is made in the   A. rimary market. B. secondary market. C. on-line market. D. third market. 59. Corporate restructuring has been one result of more institutional ownership. Restructuring can cause   A. changes in the assets and liabilities of the firm. B. the sale of low-profit margin divisions. C. the removal of current management and/or large reductions in the workforce. D. all of these. 60. The internationalization of the financial markets has   A. allowed firms such as McDonalds to raise capital around the world. B. raised the cost of capital. C. forced companies to price everything in U. S. dollars. D. all of these. Chapter 2True / False Questions 61. The income statement is the major device for measuring the profitability of a firm over a period of time. TRUE 62. The income statement measures the increase in the assets of a firm over a period of time. FALSE 63. Operating profit is essentially a measure of how efficient management is in generating revenues and controlling expenses. TRUE 64. Ac counting income is based on verifiably completed transactions. TRUE 65. The P/E ratio is strongly related to the past performance of the firm. FALSE 66. When a firm has a sharp drop off in earnings, its P/E ratio may be artificially high. TRUE 67.The real value of a firm is the same from an economic and accounting perspective. FALSE 68. A balance sheet represents the assets, liabilities, and owner's equity of a company at a given point in time. TRUE 69. The investments account represents a commitment of funds of at least one year or more. TRUE 70. Asset accounts are listed in order of their liquidity. TRUE 71. Accumulated depreciation shows up in the income statement. FALSE 72. Total assets of a firm are financed with liabilities and stockholders equity. TRUE 73. Book value per share and market value per share are usually the same dollar amount. FALSE 74.Book value per share is of greater concern to the financial manager than market value per share. FALSE 75. Book value is equal to net worth. TRUE 76. Equity is a measure of the monetary contributions that have been made directly or indirectly on behalf of the owners of the company. TRUE 77. Stockholders' equity is equal to liabilities plus assets. FALSE 78. Retained earnings shown on the balance sheet represents available cash on hand generated from prior year's earnings but not paid out in dividends. FALSE 79. Retained earnings represent the firm's cumulative earnings since inception, minus dividends and other adjustments.TRUE 80. The statement of cash flows helps measure how the changes in a balance sheet were financed between two time periods. TRUE 81. Cash flow is equal to earnings before taxes minus depreciation. FALSE 82. An increase in an asset represents a source of funds. FALSE 83. Assume that two companies both have Net Income of $100,000. The firm with the highest depreciation expense will have the highest cash flow, assuming all other adjustments are equal. TRUE 84. An increase in inventory represe nts a source of funds. FALSE 85. An increase in a liability account represents a source of funds on the cash flow statement.TRUE 86. An increase in accounts receivable represents a reduction in cash flows from operations. TRUE 87. An increase in accounts payable represents a reduction in cash flows from operations. FALSE 88. The purchase of a new factory would reduce the cash flows from investing activities on the statement of cash flows. TRUE 89. The sale of corporate bonds held by the firm as a long-term investment would increase cash flows from investing activities on the statement of cash flows. TRUE 90. Paying dividends to common shareholders will not affect cash flows from financing activities. FALSE 91.The sale of a firm's securities is a source of funds, whereas the payment of dividends is a use of funds. TRUE 92. Depreciation is an accounting entry and does not involve a cash expense. TRUE 93. Free cash flow is equal to cash flow from operating activities minus necessary ca pital expenditures and normal dividend payments. TRUE 94. An increase in accounts receivable results in a cash inflow on the statement of cash flows. FALSE 95. A decrease in bonds payable results in a cash outflow on the statement of cash flows. TRUE 96. An increase in accrued expenses results in a cash outflow on the statement of cash flows.FALSE Multiple Choice Questions 97. Which of the following is not one of the three basic financial statements? A. Income Statement B. Statement of Retained Earnings C. Statement of Cash Flows D. Balance Sheet 98. Which of the following is not subtracted out in arriving at operating income? A. interest expense B. cost of goods sold C. depreciation D. selling and administrative expense 99. Increasing interest expense will have what effect on EBIT? A. increase it B. decrease it C. no effect D. not enough information to tell 100. The residual income of the firm belongs to A. creditors. B. preferred stockholders.C. common stockholders. D. bondholders . 101. Allen Lumber Company had earnings after taxes of $580,000 in the year 2006 with 400,000 shares outstanding on December 31, 2006. On January 1, 2007, the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, 2007 earnings after taxes were 25 percent higher than in 2006. Earnings per share for the year-end 2007 was   A. $1. 67 B. $1. 45 C. $1. 81 D. None of these 102. Consider the following information for Ball Corp. [pic] What is the Operating Profit for Ball Corp? A. $71,450 B. $90,000 C. 120,000 D. None of these 103. Candy Company had sales of $240,000 and cost of goods sold of $108,000. What is the gross profit margin (ratio of gross profit to sales)? A. 75% B. 55% C. 73. 3% D. None of these 104. Density Farms, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of $70,000, and operating profit of $90,000. What was the value of depreciation expense? A. $170,000 B. $230,000 C. Less than $170,000 D. None of these 105. Elgin Battery Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent of sales.Selling and administrative expenses were 9 percent of sales. Depreciation expense was $10,000 and interest expense for the year was $8,000. The firm's tax rate is 30 percent. What is the dollar amount of taxes paid? A. $151,200 B. $145,800 C. More than $151,800 D. None of these 106. A firm with earnings per share of $5 and a price-earnings ratio of 15 will have a stock price of   A. $20. 00 B. $75. 00 C. $3. 00 D. the market assigns a stock price independent of EPS and the P/E ratio. 107. Earnings per share is A. operating profit divided by number of shares outstanding. B. et income divided by number of shares outstanding. C. net income divided by stockholders' equity. D. net income minus preferred dividends divided by number of shares outstanding. 108. Reinvested funds from retained earnings theoretically belong to:   A. bond holders. B. common stockholders. C. employees. D. all of these. 109. The firm's price-earnings (P/E) ratio is influenced by its   A. capital structure. B. earnings volatility. C. sales, profit margins, and earnings. D. all of these. 110. Which of the following factors do not influence the firm's P/E ratio:   A. past earnings. B. shares outstanding.C. volatility in performance. D. none of these. 111. Which of the following would not be classified as a current asset? A. Marketable securities B. Investments C. Prepaid expenses D. Inventory 112. An item which may be converted to cash within one year or one operating cycle of the firm is classified as a   A. current liability. B. long-term asset. C. current asset. D. long-term liability. 113. Which of the following would not be included in the balance sheet investment account? A. stocks of other corporations B. long term government bonds C. marketable securities D. investments in other corporations 14. Which of the followi ng is not a primary source of capital to the firm? A. assets B. common stock C. preferred stock D. bonds 115. The major limitation of financial statements is A. in their complexity. B. in their lack of comparability. C. in their use of historical cost accounting. D. in their lack of detail. 116. Net worth is equal to stockholders' equity A. plus dividends. B. minus preferred stock. C. plus preferred stock. D. minus liabilities. 117. Book value is the same as A. stockholders' equity. B. fixed assets minus long-term debt. C. net worth. D. current assets minus current debt. 118.Total stockholders' equity consists of A. preferred stock and common stock. B. common stock and retained earnings. C. common stock and capital paid in excess of par. D. preferred stock, common stock, capital paid in excess of par and retained earnings. 119. The net worth of a firm A. is usually the same as the firm's market value. B. is based on current asset costs. C. is based on current liabilities. D. none of these. 120. The orientation of book value per share is __________, while the orientation of market value per share is ___________. A. short term, long term B. future, historical C. historical, future D. ong term, short term 121. A statement of cash flows allows a financial analyst to determine   A. whether a cash dividend is affordable. B. how increases in asset accounts have been financed. C. whether long-term assets are being financed with long-term or short-term financing. D. all of these. 122. A firm's purchase of plant and equipment would be considered a   A. use of cash for financing activities. B. use of cash for operating activities. C. source of cash for investment activities. D. use of cash for investment activities. 123. Depreciation is a source of cash inflow because A. it is a tax-deductible non-cash expense.B. it supplies cash for future asset purchases. C. it is a tax-deductible cash expense. D. it is a taxable expense. 124. Depreciation tends to A. increase cash flow and decrease income. B. decrease cash flow and increase income. C. affect only cash flow. D. affect only income. 125. Given the following, what is free cash flow? [pic] A. $115,000. B. $235,000. C. $185,000. D. $165,000. 126. Assuming a tax rate of 35%, depreciation expenses of $400,000 will   A. reduce income by $140,000. B. reduce taxes by $140,000. C. reduce taxes by $400,000. D. have no effect on income or taxes, since depreciation is not a cash expense. 27. Assuming a tax rate of 30%, the after-tax cost of interest expense of $200,000 is   A. $60,000 B. $140,000 C. $200,000 D. $120,000 128. Assuming a tax rate of 40%, the after-tax cost of a $200,000 dividend payment is   A. $200,000 B. $70,000 C. $130,000 D. none of these. 129. Farah Snack Co. has earnings after taxes of $128,750. Interest expense for the year was $20,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. Taxes were $15,000. The firm has 100,000 shares of common stock o utstanding. Earnings per share on the common stock was   A. $0. 90 B. $1. 10 C. $0. 5 D. $0. 80 130. Gerry Co. has a gross profit of $880,000 and $360,000 in depreciation expense. Selling and administrative expense is $120,000. Given that the tax rate is 40 percent, compute the cash flow for Gerry Co. A. $456,000 B. $240,000 C. $600,000 D. None of these 131. Hoover Inc. has current assets of $360,000 and fixed assets of $640,000. Current liabilities are $90,000 and long-term liabilities are $160,000. There is $90,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share   A. $84. 00 B. $66. 00 C. $75. 00D. None of these 132. The best indication of the operational efficiency of management is   A. net income. B. earnings per share. C. earnings before interest and taxes (EBIT). D. gross profit. 133. A corporation can increase their earnings per share by   A. increasing tax-deductible expenses B. increasing Treasury stock C. decreasing depreciation D. decreasing retained earnings From End of the Chapter 2 Problems 5. Given the following information, prepare, in good form, an income statement for Goodman Software, Inc. Selling and administrative expense$ 50,000 Depreciation expense80,000 Sales400,000Interest expense30,000 Cost of goods sold150,000 Taxes18,550 2-5. Solution: Goodman Software, Inc. Sales$ 400,000 Cost of goods sold 150,000 Gross Profit250,000 Selling and administrative expense50,000 Depreciation expense 80,000 Operating profit120,000 Interest expense 30,000 Earnings before taxes90,000 Taxes 18,550 Earnings after taxes$ 71,450 6. Given the following information prepare in good form an income statement for the Kid Rock and Gravel Company. Selling and administrative expense$ 60,000 Depreciation expense70,000 Sales470,000 Interest expense40,000 Cost of goods sold140,000Taxes45,000 2-6. Solution: Kid Rock and Gravel Co. Income Statement Sales$ 470,000 Cost of goods sold$ 140, 000 Gross profit$ 330,000 Selling and administrative expense$ 60,000 Depreciation expense$ 70,000 Operating profit$ 200,000 Interest expense$ 40,000 Earnings before taxes$ 160,000 Taxes$ 45,000 Earnings after taxes$ 115,000 7. Prepare in good form an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. Sales$600,000 Shares outstanding100,000 Cost of goods sold200,000 Interest expense30,000 Selling and administrative expense40,000Depreciation expense20,000 Preferred stock dividends80,000 Taxes100,000 2-7. Solution: Virginia Slim Wear Income Statement Sales$600,000 Cost of goods sold 200,000 Gross profit400,000 Selling and administrative expense40,000 Depreciation expense 20,000 Operating profit340,000 Interest expense 30,000 Earnings before taxes310,000 Taxes 100,000 Earnings after taxes210,000 Preferred stock dividends80,000 Earnings available to common stockholders130,000 Shares outstanding100,000 Earnings per share$ 1. 30 8. Prepare in good form an income statement for Franklin Kite Co. , Inc.Take your calculations all the way to computing earnings per share. Sales$900,000 Shares outstanding50,000 Cost of goods sold400,000 Interest expense40,000 Selling and administrative expense60,000 Depreciation expense20,000 Preferred stock dividends80,000 Taxes50,000 2-8. Solution: Franklin Kite Company Income Statement Sales$900,000 Cost of goods sold400,000 Gross profit500,000 Selling and administrative expense60,000 Depreciation expense20,000 Operating profit$420,000 Interest expense40,000 Earnings before taxes$380,000 Taxes50,000 Earnings after taxes$330,000 Preferred stock dividends80,000Earnings available to common stockholders250,000 Shares outstanding50,000 Earnings per share$5. 00 9. Lasar Technology, Inc. , had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of $70,000, and operating profit of $90,000. What was the value of depreciation expense? Set this problem up as a partial income statement, and determine depreciation expenses as the plug figure. 2-9. Solution: Lasar Technology, Inc. Sales$500,000 Cost of goods sold $180,000 Gross Profit$320,000 Selling and administrative expense70,000 Depreciation Expense (plug figure) 160,000Operating profit$ 90,000 10. The Ace Book Company sold 1,500 finance textbooks for $185 each to High Tuition University in 2008. These books cost Ace $145 to produce. Ace spent $10,000 (selling expense) to convince the university to buy its books. In addition, Ace borrowed $80,000 on January 1, 2008, on which the company paid 10 percent interest. Both interest and principal of the loan were paid on December 31, 2008. Ace’s tax rate is 25 percent. Depreciation expense for the year was $15,000. Did Ace Book Company make a profit in 2008? Please verify with an income statement presented in good form. -10. Solution: Ace Book Company Sales (1,500 books at $185 each)277,500 Cost of goods sold (1,500 books at $145 each ) 217,500 Gross Profit60,000 Selling expense10,000 Depreciation expense 15,000 Operating profit†¦Ã¢â‚¬ ¦35,000 Interest expense 8,000 Earnings before taxes27,000 Taxes @ 25% 6,750 Earnings after taxes20,250 11. Carr Auto Wholesalers had sales of $900,000 in 2004 and their cost of goods sold represented 65 percent of sales. Selling and administrative expenses were 9 percent of sales. Depreciation expense was $10,000 and interest expense for the year was $8,000.The  firm’s tax rate is 30 percent. a. Compute earnings after taxes. b. Assume the firm hires Ms. Hood, an efficiency expert, as a consultant. She suggests that by increasing selling and administrative expenses to 12 percent of sales, sales can be increased to $1,000,000. The extra sales effort will also reduce cost of goods sold to 60 percent of sales (there will be a larger markup in prices as a result of more aggressive selling). Depreciation expense will remain at $10,000. However, more automobiles will have t o be carried in inventory to satisfy customers, and interest expense will go up to $15,000.The firm’s tax rate will remain at 30 percent. Compute revised earnings after taxes based on Ms. Hood’s suggestions for Carr Auto Wholesalers. Will her ideas increase or decrease profitability? 2-11. Solution: Carr Auto Wholesalers Income Statement a. Sales$ 900,000 Cost of goods old (65% of sales) 585,000 Gross Profit$ 315,000 Selling and administrative expense (9% of sales) 81,000 Depreciation 10,000 Operating profit 224,000 Interest expense 8,000 Earnings before taxes 216,000 Taxes @ 30% 64,800 Earnings after taxes $ 151,200 2-11. (Continued) b. Sales $1,000,000Cost of goods sold (60% of sales) 600,000 Gross profit 400,000 Selling and administrative expense (12% of sales) 120,000 Depreciation 10,000 Operating profit 270,000 Interest expense 15,000 Earnings before taxes 255,000 Taxes @ 30% 76,500 Earnings after taxes$ 178,500 Ms. Hood’s ideas will increase profits. 15. E lite Trailer Parks has an operating profit or $200,000. Interest expense for the year was $10,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. The tax was $61,250. The firm has 20,000 shares of common stock outstanding. . Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. b. What was the increase in retained earnings for the year? 2-15. Solution: Elite Trailor Parks a. Operating profit (EBIT)$200,000 Interest expense 10,000 Earnings before taxes (EBT)$190,000 Taxes 61,250 Earnings after taxes (EAT)$128,750 Preferred dividends 18,750 Available to common stockholders$110,000 Common dividends 30,000 Increase in retained earnings$80,000 [pic] Dividends per Share = $30,000/20,000 shares = $1. 50 per share b. Increase in retained earnings = $80,000 16.Johnson Alarm Systems had $800,000 of retained earnings on December 31, 2008. The company paid common dividends of $60,000 in 2008 and had retained earnings of $640 ,000 on December 31, 2007. How much did Johnson earn during 2008, and what would earnings per share be if 50,000 shares of common stock were outstanding? 2-16. Solution: Johnson Alarm Systems Retained earnings, December 31, 2008$800,000 Less: Retained earnings, December 31, 2007 640,000 Change in retained earnings$160,000 Add: Common stock dividends 60,000 Earnings available to common stockholders$220,000 Earnings per share [pic] 17.Mozart Music Co. had earnings after taxes of $560,000 in 2008 with 200,000 shares of stock outstanding. The stock price was $58. 80. In 2009, earnings after taxes increased to $650,000 with the same 200,000 shares outstanding. The stock price was $78. 00 a. Compute earnings per share and the P/E ratio for 2008. The P/E ratio equals the stock price divided by earnings per share. b. Compute earnings per share and the P/E ratio for 2009. c. Give a general explanation of why the P/E changed. 2-17. Solution: Mozart Music Co. a. EPS (2008)[pic] = $2. 80 P/E Ra tio (2008)= Price/EPS =[pic] = 21X b. EPS (2009)[pic] = $3. 5 P/E Ratio (2009)= Price/EPS=[pic]= 24X c. The stock price increased by 34% while EPS only increased 16. 1%. 20. Nova Electrics anticipated cash flow from operating activities of $6 million in 2008. It will need to spend $1. 2 million on capital investments in order to remain competitive within the industry. Common stock dividends are projected at $. 4 million and preferred stock dividends at $. 55 million. a. What is the firm’s projected free cash flow for the year 2008? b. What does the concept of free cash flow represent? 2-20. Solution: Nova Electronics a. Cash flow from operations activities$6. 0 million – Capital Expenditures1. 20 – Common stock dividends. 40 – Preferred stock dividends . 55 Free cash flow$3. 85 million b. Free cash flow represents the funds that are available for special financial activities, such as a leveraged buyout, increased dividends, common stock repurchases, acqui sitions, or repayment of debt. 21. The Rogers Corporation has a gross profit of $880,000 and $360,000 in depreciation expense. The Evans Corporation also has $880,000 in gross profit, with $60,000 in depreciation expense. Selling and administrative expense is $120,000 for each company.Given that the tax rate is 40 percent, compute the cash flow for both companies. Explain the difference in cash flow between the two firms. 2-21. Solution: Rogers Corporation – Evans Corporation | |Rogers |Evans | |Gross profit |$880,000 |$880,000 | |Selling and adm. expense |120,000 |120,000 | |Depreciation |360,000 60,000 | |Operating profit |$400,000 |$700,000 | |Taxes (40%) |160,000 |280,000 | |Earnings after taxes |$240,000 |$420,000 | |Plus depreciation expense |$360,000 |$60,000 | |Cash Flow |$600,000 |$480,000 | | | |Rogers had $300,000 more in depreciation which provided $120,000 (0. 40 ( $300,000) more in cash flow. | | | 22. Horton Electronics has current assets of $320,000 and fi xed assets of $640,000. Current liabilities are $90,000 and long-term liabilities are $160,000. There is $90,000 in preferred stock outstanding and the firm has issued 40,000 shares of common stock. Compute book value (net worth) per share. 2-22. Solution: Horton Energy Company Current assets |$320,000 | |Fixed assets |640,000 | |Total assets |$960,000 | |–Current liabilities |90,000 | |–Long-term liabilities |160,000 | |Stockholders’ equity |$710,000 | |–Preferred stock obligation |90,000 | |Net worth assigned to common $620,000 | | | | |Common shares outstanding |40,000 | | | | |Book value (net worth) per share |$15. 50 | 23. The Holtzman Corporation has assets of $400,000, current liabilities of $50,000, and long-term liabilities of $100,000. There is $40,000 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. b. If there is $22,000 in earnings available to common stockholders a nd Holtzman’s stock has a P/E of 18 times earnings per share, what is the current price of the stock? c. What is the ratio of market value per share to book value per share? 2-23. Solution: Holtzman Corporation |a.Total assets |$400,000 | |–Current liabilities |50,000 | |–Long-term liabilities |100,000 | |–Stockholders’ equity |$250,000 | |–Preferred stock |40,000 | |Net worth assigned to common |$210,000 | |Common shares outstanding |20,000 | |Book values (net worth) per share |$10. 50 | |b. Earnings available to common |$22,000 | |Shares outstanding |20,000 | |Earnings per share |$1. 10 | | [pic] | |c.Market value per share (price) to book value per share $19. 80/$10. 50 = 1. 89 | 24. Bradley Gypsum Company has assets of $1,900,000, current liabilities of $700,000, and long-term liabilities of $580,000. There is $170,000 in preferred stock outstanding; 30,000 shares of common stock have been issued. a. Compute book value (net worth) per share. b. If there is $42,000 in earnings available to common stockholders and Bradley’s stock has a P/E of 15 times earnings per share, what is the current price of the stock? c. What is the ratio of market value per share to book value per share? 2-24. Solution: Bradley Gypsum Company |a.Total assets |$1,900,000 | |–Current liabilities |700,000 | |–Long-term liabilities |580,000 | |Stockholders’ equity |$ 620,000 | |–Preferred stock |170,000 | |Net worth assigned to common |$ 450,000 | |Common shares outstanding |30,000 | |Book values (net worth) per share |$ 15. 00 | |b. Earnings available to common | | |stockholders |$ 42,000 | |Shares outstanding |30,000 | |Earnings per share |$ 1. 40 | | [pic] | |c.Market value per share (price) to book value per share $21. 00/$15. 00 = 1. 40 | Chapter 14 True / False Questions 148. Capital markets consist of securities having maturities greater than one year. TRUE 149. The capital structure of the f irm consists of long-term debt and equity. TRUE 150. Capital markets are becoming increasingly international as investors and issuers seek out the best risk-return opportunities. TRUE 151. Upon entering the capital markets, an investor might invest in common stocks, preferred stock, negotiable certificates of deposit, and convertible securities. FALSE 152.In the last decade, the US has invested substantially more in foreign countries than foreign countries have invested back in the US. FALSE 153. Municipal securities are called tax exempt because no federal taxes must be paid on interest received. TRUE 154. The stock market far exceeds the bond market in terms of size of new capital raised. FALSE 155. The capital markets serve as a way of allocating available capital to the most efficient user. TRUE 156. The main reason for the small amount of financing with preferred stock is that dividends on preferred stock are not tax deductible as are interest paid on bonds. TRUE 157. Retained earnings account for the majority of internally generated corporate funds. FALSE 158.When an investor buys stock in the stock market, he is purchasing shares from a company. FALSE 159. Internal funds generated by corporations include retained earnings and non cash expenses such as depreciation and deferred taxes. TRUE 160. Households and the government are mainly considered to be suppliers of funds while corporations are generally considered users of funds. FALSE 161. Financial intermediaries channel funds into the capital markets from the household sector. TRUE 162. Brokers on an organized stock exchange act as an agent for the person buying or selling securities. TRUE 163. Brokers actually own the securities they buy and sell on the floor of the exchange. FALSE 164.The NASDAQ National Market is composed of large nation-wide companies that are traded in the over-the-counter market. TRUE 165. The strong form of the efficient market hypothesis states that prices reflect all public in formation. FALSE 166. The efficient market hypothesis is generally concerned with the impact of information on the behavior of stock prices. TRUE 167. The weak form of the efficient market hypothesis states that an investor can profit by using past price data. FALSE 168. Markets are efficient when prices adjust rapidly to new information, continuous markets exist and large dollar trades can be absorbed without large price movements. TRUE 169.The Sarbanes-Oxley Act of 2002 holds the CEO legally accountable for the accuracy of their firm's financial statements. TRUE 170. The Sarbanes-Oxley Act of 2002 holds a firm's internal auditors legally accountable for the accuracy of their firm's financial statements. FALSE 171. The future of the NYSE is uncertain due to their unwillingness to adapt to the increase in internationalization and electronic trading in the markets. FALSE Multiple Choice Questions 172. Evidence of how global markets are linked was provided in 1997 and 1998 when intern ational markets reacted to   A. the collapse of Asian currencies in Thailand, Indonesia, Malaysia and Korea. B. Russia's default on its sovereign debt. C. Japan's seven years of economic stagnation.D. a and b are true. 173. When global capital markets collectively react to international events like Russia's default on its sovereign debt, it is common to find   A. that there is no impact on multinational companies' ability to raise capital. B. an impact on the ability to raise capital. C. that Wall Street firms are so diversified that they are not affected by this event. D. All of these are true. 174. Which of the following is not a money market instrument? A. Treasury bills B. Commercial paper C. Negotiable certificates of deposit D. Treasury bonds 175. Global capital markets are influenced by A. interest rates. B. investor confidence. C. elative economic growth. D. all of these. 176. Companies list their stock around the globe to A. capitalize on the inefficiency inherent in fo reign markets. B. increase liquidity for their stockholders. C. provide opportunities for the sale of new stock in foreign countries. D. b and c are correct. 177. Foreign investors have preferred to invest in the United States due to all but one of the following reasons:   A. less stringent regulation of securities markets. B. political stability of the U. S. government. C. the U. S. dollar is the world's international currency. D. all of these are reasons that foreign investors prefer to invest in the United States. 178.With respect to the United States and its relationship with the rest of the world, it can be said that   A. the U. S. has invested more dollars in the rest of the world than foreign countries have invested in the U. S. B. the U. S. has actively helped foreign countries finance their government deficits. C. foreign investors hold large positions in U. S. government securities. D. All of these. 179. Financial instruments in the capital markets generally fall under what category in the Balance Sheet? A. Short-term liabilities and equities. B. Long-term liabilities and equities. C. Near cash assets. D. None of these. 180. Corporations prefer bonds over preferred stock for financing their operations because   A. referred stocks require a dividend. B. bond interest rates change with the economy while stock dividends remain constant. C. the after-tax cost of debt is less than the cost of preferred stock. D. none of these. 181. Federally sponsored credit agencies include all but which of the following? A. Securities Investor Protection Corporation (SIPC) B. Federal Home Loan Banks (FHLB) C. Student Loan Marketing Association (Sallie Mae) D. Federal National Mortgage Association (Fannie Mae) 182. Which of the following is an internal source of funds? A. Cash flow from depreciation (tax shield) B. Net loss C. Repurchase of debt securities D. Bank loan 183.The major supplier of funds for investment in the whole economy is   A. businesses. B. hous eholds. C. government. D. financial institutions. 184. Financial intermediaries serve which of the following purposes? A. Financial intermediaries allow for indirect investment in the capital markets by households. B. Aid in the flow of funds through the economy. C. Help provide allocation of funds to the best investments. D. All of these. 185. Which of the following are benefits of financial intermediaries? A. Increase market liquidity B. Provide a direct market for investors C. Act as agents of the government D. Only a and b 186. The purpose of secondary trading is to A. rovide liquidity and competition between investments. B. provide a market to issue securities not handled in primary trading. C. provide jobs for brokers and dealers. D. provide lower commissions than on the organized exchanges. 187. The most important capital markets in the world (in terms of dollar value) are located in   A. New York. B. London. C. Toronto. D. Tokyo. 188. Which Stock Exchange is known as the m ost liquid? A. NASDAQ B. AMEX C. CBOT D. NYSE 189. Middle to small size companies that are centered in one city or state would most likely be found on the   A. NASDAQ National Market. B. NASDAQ Small Cap Market. C. Supplemental list. D. New York Stock Exchange. 190.The emergence of trading via ECNs has A. offer a unique advantage not offered by the NYSE B. lowered the cost of trading. C. made trading more difficult for small investors. D. all of these are true. 191. Which of the following is not a criterion for an efficient market? A. Prices adjust rapidly to new information. B. Large dollar amounts of securities can be absorbed without price destabilization. C. Each successive trade is made at a price close to the previous trade. D. Computerized handling of transactions. 192. Security markets are efficient when each of the following exist except   A. security prices follow the leading indicators such as the DJIA very closely. B. he markets can absorb large dollar amounts of sto ck without destabilizing the price. C. prices adjust rapidly to new information. D. there is a continuous market where each successive trade is made at a price close to the previous trade. 193. The efficient market hypothesis deals primarily with   A. random speculation in securities. B. the degree to which prices adjust to new information. C. degrees to which price movements are the result of past trends. D. how an investor can significantly outperform the market in general. 194. The efficient market hypothesis has several forms. The weak form states that   A. past price data is unrelated to future prices. B. prices reflect all public information. C. ll information both public and private is immediately reflected in stock prices. D. none of these 195. Security markets provide liquidity A. by allowing corporations to raise funds by selling new issues. B. by creating a market in which owners may easily turn an investment into cash through its sale. C. a and b are both correct. D. neither a nor b are correct. 196. The semi-strong form of the efficient market hypothesis states that   A. past price data is unrelated to future prices. B. prices reflect all public information. C. all information both public and private is immediately reflected in stock prices. D. none of these 197. The strong form of the efficient market hypothesis states that   A. ast price data is positively correlated to future prices. B. prices reflect all public information. C. all information both public and private is immediately reflected in stock prices. D. none of these 198. Security markets are affected by all of the following except:   A. interest rates B. global crises C. book values of equity D. emotions 199. Financial intermediaries include all of the following except:   A. commercial banks B. life insurance companies C. corporations D. pension plans 200. The purposes of security legislation include all of the following except:   A. protect against fraud B. ensure market efficiency C. reduce insider trading D. provide a global competitive advantage