This essay shows the importance of education in our society and past societites.

This paper shows the significance of instruction in our general public and past societites. To numerous individuals, acquiring instruction has consistently been a significant goal.High school to school or even a G.E.D. most businesses won't employ laborers that havenot yet acquired one of these. Such a significant number of Americans endeavor to get their training for onereason or another. Numerous individuals wonder what great does knowing dates and the names ofall the leaders of the United States of America does in our lives outside of school. Wewonder how this data applies to this present reality and what the explanation are that wewere requested to go to this institution.It has been discovered that training is thought of as a change for the human brain. A few people would state what is the sense in training when I have gotten the hang of all that I have to know in the city. Some portion of our training is persuading us to think, through the procedure of evaluation school (this incorporates k-12 evaluations), like great residents should.American Education is in the Dumps terA productive member of society being somebody that wakes goes to work possibly has a family, returns home and does it once more the following day. It is said that inside the exercise plans utilized in school there lies a shrouded educational program. On which understudies are reviewed on how well they fit in with the learning structure of the school region. John Gatto said in his books that when he encouraged his classes now and again pointless and detached realities he was truly showing seven significant exercises that are instructed broadly. Gatto portrayed these exercises, as disarray, class position, lack of concern, passionate reliance, temporary confidence, and that one can't circumvent fitting in with these exercises. Gatto likewise expressed this was the arrangement, since the Roman Empire. Plato hesitantly transmitted in The Republic when Glaucon and Adeimantus blackmail from Socrates the arrangement...

History of the Integrated Circuit (Microchip)

History of the Integrated Circuit (Microchip) It appears that the coordinated circuit was bound to be imagined. Two separate creators, unconscious of every others exercises, concocted practically indistinguishable coordinated circuits or ICs at almost a similar time. Jack Kilby, a specialist with a foundation in artistic based silk screen circuit sheets and transistor-based listening devices, began working for Texas Instrumentsâ in 1958. A year sooner, inquire about engineer Robert Noyceâ had helped to establish the Fairchild Semiconductor Corporation. From 1958 to 1959, both electrical architects were taking a shot at a response to a similar issue: how to make a greater amount of less. What we didnt acknowledge then was that the incorporated circuit would lessen the expense of electronic capacities by a factor of a million to one, nothing had ever done that for anything previously - Jack Kilby Why the Integrated Circuit Was Needed In planning a complex electronic machine like a PC it was consistently important to expand the quantity of parts associated with request to make specialized advances. The solid (framed from a solitary precious stone) coordinated circuit put the recently isolated transistors, resistors, capacitors and all the associating wiring onto a solitary gem (or chip) made of semiconductor material. Kilby utilized germanium and Noyce utilized silicon for the semiconductor material. Licenses for the Integrated Circuit In 1959 the two gatherings applied for licenses. Jack Kilby and Texas Instruments got U.S. patent #3,138,743 for scaled down electronic circuits. Robert Noyce and the Fairchild Semiconductor Corporation got U.S. patent #2,981,877 for a silicon-based incorporated circuit. The two organizations astutely chose to cross-permit their advancements following quite a while of fights in court, making a worldwide market now worth about $1 trillion per year. Business Release In 1961 the first economically accessible coordinated circuits originated from the Fairchild Semiconductor Corporation. All PCs at that point began to be made utilizing chips rather than the individual transistors and their going with parts. Texas Instruments initially utilized the chips in Air Force PCs and the Minuteman Missile in 1962. They later utilized the chips to deliver the primary electronic versatile number crunchers. The first IC had just a single transistor, three resistors, and one capacitor and was the size of a grown-ups pinkie finger. Today an IC littler than a penny can hold 125 million transistors. Jack Kilby holds licenses on more than sixty creations and is additionally notable as the creator of the versatile mini-computer (1967). In 1970 he was granted the National Medal of Science. Robert Noyce, with sixteen licenses to his name, established Intel, the organization answerable for the innovation of the microchip, in 1968. Be that as it may, for the two men, the development of the incorporated circuit stands generally as one of the most significant advancements of humankind. Practically all cutting edge items use chip innovation.

Resources I Love at Illinois (Part II)

Resources I Love at Illinois (Part II) Medical Resources I really like our McKinley Health Center for two major reasons: you can always get whatever you need there, and you can get them as quick as possible. I think most Chinese students, especially girls, are quite familiar with Mckinley Health because we got our HPV vaccine there. The old version of this type of vaccine was not available in mainland China until last year, and it was just too much work to get three shots in Hong Kong or Taiwan for better versions. However, we could get the newest version here without an appointment for free (your insurance will cover that). When I don’t feel good, I can  call a 24/7 service called Dial-A-Nurse or make an appointment with a doctor. The appointment could be scheduled online and usually, the time spots are plenty and within two days. Even during the break, they would respond quickly: I got my annual exam in the Women’s Health department during the summer, and I have made a couple appointments over winter  and spring break. Internships The term “internship” here usually means a  part-time job  because they are not as time-consuming as summer internships, which usually mean working full-time. They are a  chance for us to meet different people and earn some pocket money. I have seen students in various positions, like in the Career Center, the Office of Volunteer Programs (OVP), International Student and Scholar Services, and more If you would like to do more  â€œacademic work, it is always a great idea to do well on your favorite course and become a grader or undergraduate TA. It really helps to connect with professors and gain communication skills. Even during the summer, there are various job opportunities, and it is always a great idea to check the  Virtual Job Board, where available on-campus jobs will be posted. I am planning to apply for something during this summer so that I can have something to do while staying on campus since only a few of my friends will  still be in the U.S. In all, there are so many possible sources waiting for everyone to explore and even make a difference in our life or community, and I hope you could have a lot of fun in this process. Connie Class of 2018 I am double majoring in Computer Engineering in the College of Engineering and Statistics in the College of Liberal Arts and Sciences. My hometown is a historical and peaceful city called Suzhou, located in southeastern China.

Assignment Overview And Introduction Of Risk Management

Assignment Overview and Introduction to Risk Management This Risk Management is to assist with the company’s new venture for export of Minining equipment to Ghana (West Africa). This report acts as a Guideline for planning the contractual documentation and obligations to secure and execute the mining equipment export to Ghana. This report details procedures and steps that need to be considered when dealing with an export contract. The intended review team is the Company’s senior management. Equipment Manufacturing companies are always in the line of risk as technology advancement improves every day. An efficient risk management procedure will benefit the project financially, as the health of the project is only as good as its financial†¦show more content†¦2. Export Risk Risks that could be arising with exporting manufactured goods to a particular country must be thoroughly investigated and solutions and procedures must be implemented to mitigate against these risks. This also has an effect on the position of the current strength of the related market demands and profits that can be made in the export market. The following brief description will indicate some of the likely problems that could occur when dealing with exporting manufactured goods. 3. Political risk - This indicates the possibility of risk that the ruling government or political unrest could affect or interfere with export and import regulations. The results could come in many different forms such as collapse in share market and also loss or cancellation of export license, seizure of property etc. This is a possibility where a country may experience political instability. We must monitor the effects of political changes and developments that it has on businesses in the country. 4. Credit and finance risks – This risk deals with possibilities where the customer may default on making payments on time or the customer’s business may go bankrupt. For our company to protect itself against a possible credit and finance risk it would be imperative that we use payment methods which can provide a level of security such asShow MoreRelatedThe Accounting Software Installation Project Case Study1680 Words   |  7 Pages EMERGENCY MANAGEMENT SUBJECT OUTLINE Subject Number: Emergency Management Credit Points: 6 Subject Coordinator: Dr Jaya Kandasamy Subject Lecturer: Peter Garland Semester/Year: Spring 2007 Prerequisites: Completed a degree course Co-requisites: Nil, but a basic knowledge of local government procedures is helpful Anti-requisites: Nil, although some previous experience in local government and emergency management is useful. Read MoreAuditing And The Growing Use Of Financial Software1114 Words   |  5 Pagesa presentation done in class to reflect on your understanding and how to improve after getting your feedback. Table of contents †¢ Introduction (what is auditing) †¢ Auditing definitions †¢ Purpose of auditing †¢ An overview of framework for audit assignment †¢ Auditing terms and definitions Audit evidence – Inherent risk - Control risk - Detection risk - Business risk - Compliance testing - Substantive testing - Governance framework - Internal and external controls - Computer assisted audit toolsRead MorePersonal Financial Planning1579 Words   |  7 Pagesnecessary in developing personal financial plans as well as the financial planning process applied in professional practice. Topics to be covered include the fundamental principles of finance, financial goal setting, budgeting, tax planning, cash management, personal credit, investment planning, insurance planning, retirement and estate planning. There is about equal emphasis on the analytical principles underlying Personal Financial Planning as on the application of those principles. Thus an importantRead Morenebosh unit d examiners paper2427 Words   |  10 Pagesï » ¿ Occupational safety and health management systems (OSHMS) form the cornerstone of any organisation’s attempt to comply with the requirements of corporate governance, corporate social responsibility, business risk management principles. As with any management system, an OSHMS needs to be fully integrated into the normal organisational and operational processes of the organisation. In his report on guidance for company directors on their obligations under the Combined Code, Nigel Turnbull usedRead MoreComparisons of Information Security Management Frameworks Essay712 Words   |  3 PagesComparisons of Information Security Management Frameworks Module 1 Case Assignment ITM517: Information Security Overview for Managers and Policy Makers Dr. Kiet Tuan Tran October 20, 2012 Introduction For businesses to keep pace with the latest technology, threats and to remain in compliance with current and future regulations or policies need to have effective management of information security in their organization. Information Security Management Frameworks are based on existingRead MoreNebosh Diploma Unit D Assignment Guidance3683 Words   |  15 PagesDIPLOMA IN OCCUPATIONAL HEALTH AND SAFETY Unit D and ID Assignments CONTENTS Introduction 2 Unit D and ID Assignments 3 ïÆ' £ 2011 NEBOSH, Dominus Way, Meridian Business Park, Leicester LE19 1QW tel: 0116 263 4700 fax: 0116 282 4000 email: info@nebosh.org.uk website: www.nebosh.org.uk The National Examination Board in Occupational Safety and Health is a registered charity, number 1010444 T(s):exreps/UnitD/UnitD EXTERNAL JP/DA/REW Introduction NEBOSH (The National Examination Board in OccupationalRead MoreMy Company With A Crm Implementation766 Words   |  4 PagesINTRODUCTION This case study that I am discussing is about my earlier company in India which was in the Telecom industry. Since there was an extremely stiff competition in the telecom industry, companies in the telecom business were adopting to new technological imperatives in order to outperform their competitors. Hence my company also chose to implement CRM solution which will connect all business users, stakeholders, inter-departmental executives so that all business processes are automated andRead MoreAnalysis Of The Project Management Methodology Known As It Can Tie Into The Area Of The Subject1128 Words   |  5 PagesGEORGE BROWN COLLEGE PRINCE2 RESEARCH ASSIGNMENT BUS 4053 Jonathan Chiu (101014291) Shyju Kozhisseri (100993642) TABLE OF CONTENTS INTRODUCTION HISTORY OF PRINCE2 PRINCE2 METHODOLOGY PRINCIPLES THEMES PROCESSES PROS AND CONS POPULARITY IN WORLD MARKET PRINCE2 CERTIFICATIONS PRINCE2 AND BUSINESS ANALYSTS INTRODUCTION â€Å"Of all the thing I’ve done, the most vital is coordinating the talents of those who work for us and pointing them towards a certain goalRead MoreFive Ways In Which An Fm Department Can Manage Energy / Utility Bill Essay904 Words   |  4 Pages ASSIGNMENT SIX Exhaustively discuss five ways in which an FM department can manage their energy/utilities bills. INTRODUCTION Managing energy/utility bills is one of the fact that the facility management department needs to address. For the past few years managing energy/utility bills has been a low priority for most corporations. But now the situation is different, most corporations pay more attention to their energy/utility bill costs just because energy cost estimated to over 20% of the averageRead MoreNotes On Water Supply Report1140 Words   |  5 Pages Module: FC502-2T Module Title: Skills for study 2 Tutor Name: Chiara Matthews Assessment type: Recommendation Report Assignment Title: Water Supply Report Student ID number: 28960 Date of submission: 4th January 2016 Word count: 1127 I. Introduction Water is an important source to survive, but some countries face a big issue with water scarcity, which has limited economical development, food production to meet the basic health and hygiene needs of the population (Neima

The Struggles and Benefits of Being a Native American

First Video: https://www.youtube.com/watch?v=qIIjqG_QIVY Being Native American: the struggles and the benefits The video presented the interview of many young Native Americans about their struggles and the benefits of being Native Americans. All of the young Native Americans in the interview love and are proud of their cultures. They all went and lived in schools that were outside the communities to get higher education. However, when they came back to their own communities, they had hard times to adapt to their own original cultures (Native Americans). When they got back, some of them didn’t want to speak Native Americans lauguage anymore and some forgot about their own cultures. Therefore, many of Native Americans in communities pick on them that they tried to be white people or show off. This group of young Native Americans would like other people to respect and accept them the way they are. Second Video: https://www.youtube.com/watch?v=W-crm0rWIL8 Resilient Culture: Native Americans at the University of Nebraska-Lincoln There were 266 Native American students at the University of Nebraska-Lincoln (UNL) and the total of students was 24,000 including other races. The Native Americans were severely unrepresented at UNL and this created problems for Native American students. They didn’t have enough people to form their own communities and several non-Native American students didn’t understand or know the Native American students. Most of non-Native Americans students hadShow MoreRelatedCultural Appropriation : Culture And Appropriation1184 Words   |  5 Pagesappropriation is taking a culture of minorities and using it for someone’s own benefit and use, it’s about taking a Native American war bonnet and using it to be â€Å"different† and about being fashion forward at events like Coachella, it’s about taking a holiday and calling it â€Å"Cinco de Drinko.† Cultural appropriation is about when a white person wears dreads because they’re trying t o be â€Å"boho† or â€Å"chic† but if you’re African American you automatically smell of, â€Å"patchouli oil and weed.† When a privilegedRead MoreAnalysis Of Se Habla Epanol By Tanya Maria Barrrientos1046 Words   |  5 Pagesthe tribulations of being born in Guatemala, moved to and raised in the United States, and attempting to learn her native Language once again (Barrientos 645). While many of us, including Tanya, have difficulties learning a new language and understanding others cultures, the struggle will prove to be worth it in the end. Se Habla Espaà ±ol is an article written by Tanya Maria Barrientos. She describes the struggles she dealt with while attempting to learn her foreign but native language. Tanya wasRead MoreDBQ 7 Years War819 Words   |  3 Pagesï » ¿Isabel AP World History DBQ: Analyze connections between regional issues and European struggles for global power in the mid-eighteenth century. Identify an additional type of document and explain how it would help your analysis of these connections. During the mid-eighteenth century, the European was struggling to spread its power in the whole world, especially in Americas and Asia, experiencing various regional issues in economy, diplomacy, and territory with local people. Document 1 6, and 9Read MoreThe Native American Indian Population1293 Words   |  6 Pageschosen is the Native American population, also known as American Indian. Aside from the information given by this course, a Children’s Literature class taken at the Newark branch of the Ohio State University also contributed to my decision. During a lecture there was a guest speaker of Native American descent, she grew up on a reservation, and in her work she wrote and illustrated the Native American culture and lifestyle. Her lecture consisted of the perspective of the Native American population duringRead MoreNative American Self Determination Movement1441 Words   |  6 Pagesfollowing on from this last point the Native American self-determination movement h as achieved almost all of its victories without outside help. Indeed many organisations such as the National Congress of American Indians (NCAI), Native American Rights Fund (NARF) and National Alaska Native American Indian Nurses Association (NANAINA) are run by and for Native Americans and their interests. As with most civil rights movements but even more the case as Native Americans have their own sovereign citizenshipRead MoreNative Americans Should Provide Compensation For The Historical Effects, Cultural And Social Reform, And Lack Of Financial1345 Words   |  6 Pagesindividual American nations. The government developed contracts that negotiated land agreements. The American Indian nations gave up their homelands in exchange for protection provided by the United States government. A connection based on trust was established so that each party could fulfill their obligations. However, problems struck when one group failed to attain their responsibilities. Repayment is a prio rity Indians need to receive in order to regain integrity. Native Americans should receiveRead MoreThe Negative Effects Of Mental Health1050 Words   |  5 Pages Mental health is a critical aspect of anyones well-being. However, struggling with a mental illness can negatively affect that. Mayo Clinic defines mental illness as a wide range of mental health conditions — disorders that affect your mood, thinking and behavior. Struggles with mental health are a major obstacle for anyone to endure, no matter their racial identity. However, racial minorities tend face further struggles in their journey. Understanding the underlying factors that play into mentalRead MoreAlcoholism: An Enemy of the Abandon Essay1034 Words   |  5 PagesFor instance, Sherman Alexie, a Native American writer, experiences many sorrows from alcohol. He writes about the sufferings he experienced in his fiction novel, â€Å"The Absolutely True Diary of a Part-time Indian† and talks about the s truggle in his interviews. In addition to Alexie’s stories, Diane Sawyer, a reporter, investigates a Native American tribe and discovers that alcohol abuse is common in the reservation. Alcoholism is portray as an enemy to Native Americans; however, alcohol becomes a toolRead MoreThe American Of The United States1095 Words   |  5 Pagesof manifest destiny in full fledged in the 19th century, the United States government made it their mission to expend from the east coast all the way to the west coast. Unfortunately the lands they wanted to expand into were already claimed by the natives that settled there centuries before. In order to deal with this obstacle, The united states’ government used many strategies to combat what was referred to as the ‘indian problem’ including: confiscating their lands, relocating the to reservationsRead MoreMy Knowledge Of Native Americans Culture Stems From My Parent s Teachings About The Reservation1323 Words   |  6 PagesMy knowledge of Native Americans culture stems from my parent’s teachings about the topic. When I was young my mother went on multiple mission trips to the Navajo Reservation in Arizona. My mother came back with stories and cultural details unbeknownst to most of citizens I interact with today, one particular story described kids in the tribe that had no shoes and walked around bare foot constantly. I was appalled by this as a child and decided I too would go without shoes, this didn’t last long

Tourism in Nepal Free Essays

Nepal is one of the most desired tourist destination of all time. Due to these cultural norms and values, Nepal is a most profitable destination for tourism industry. Annually, the visitors arriving in Nepal have their varied purposes and they are almost always enthusiastic about spending their holidays in Nepal’s touristic sites and they have to be encouraged to do so through extensive marketing efforts by Nepal Tourism Board. We will write a custom essay sample on Tourism in Nepal or any similar topic only for you Order Now Furthermore, Nepal’s traditional cultural values can also be used for the poverty alleviation thorough eco-tourism, religious tourism and destination tourism and this has been included in the tourism marketing strategy of NTB. At present, apart from the obvious problem of negative media coverage, Nepal seriously lacks credible market research as to why exactly its tourism industry is under-performing and what aspects of product need attention. Inappropriate marketing expenses that are hard to track on the result on productivity could be being made and they need to be eliminated to attract appropriate techniques for the marketing. Regular surveys of departing visitors are not undertaken, so the country cannot gauge their levels of satisfaction, unsatisfied wants, spending or current propensity to return. Information on potential and in existing markets is only beginning to be gathered and marketing partnerships with the travel trade in these markets are lacking. However, some small attempts have been taken by the NTB and other concerned private sectors about the research on tourism industry of Nepal which is not a sufficient attempt in this business. Tourism is a traditional activity of the human being that is related with the traveling and it is naturally a human character. People desire change and travel provides the pleasure and leisure. Tourism is the movement of people from one place to another for the purpose of getting satisfaction. The most important assets of a country are cultural norms and values that reflect people’s social pattern that can be used for tourism industry in Nepal. The main objective of this project report is to analyze and discuss about the strategy of Nepal for tourism marketing promotion. FoH/TU guidelines are followed to complete this report. Some methodologies such as survey, collecting relevant data, comparative studies and analysis are used and recommendations are presented as need of FoH/TU. How to cite Tourism in Nepal, Essay examples

Ojt Narrative Report free essay sample

A statement of purpose, or personal statement, is a brief and focused essay about one’s career or research goals. It is a concise treatise about one’s profession target, identified means to achieve them and accomplishments so far towards those goals. The following statements are the trainee’s objectives for his practicum training: * To enhance and apply learning’s from the previous academic years to operating environment and improve those in order to get better. To gain experiences in the field of Food and Beverage Industry and to identify the needs, problems and issues with regards to its work environment. * To acquire knowledge and enhance the skills on the operational system in the Restaurant. * To procure information, familiarity, awareness in the restaurant in relation to the consistency in standards, service excellence, product knowledge, technical skills and values oriented with social responsibility. * To develop a greater understanding about caree r options while defining personal career. There are many basic factors and considerations that we have to consider for OJT. We need to be careful enough in planning and choosing what kind of business establishment can train and mold us to what we want to be. We have to be certain that it can meet and give us valuable working experience and motivate us to perform our work better. As a business oriented student I have to think of a certain company to where I can Practice my managerial and financial faculties. I was assigned to the Hopewell Finance Corporation, Sister Company of F. Gurrea Without any hesitation I Together with Rachell Ann Aninang accepted the offer. We definitely sure that working on that sort of entity will positively develop our skills and abilities. So, I started comply all the necessary requirements just to start our training. We started our practicum Last April 8, 2013. Early that day, we went to their Company and ma’am Rhoda Lopez oriented to us about their company and the rules and regulations. Rachel and I assigned at Hopewell Finance Corporation. Our work in the office dealt more on the recording, organizing and hands on the computer. We were also assigned to encode necessary data in the computer and finally filed and arranged their records. My one and half month or my 240 hours in the office was my learning stage. I learned valuable information that I didn’t expect to learn. I discovered that focussing only on the theory w/o subsequent realization would only be trivial. I was able to determine the big difference between written information we have in school to its actual application. My practicum had given me enough knowledge and experience. It was such a great realization of my field. I was given the opportunity to acquire practical office experience and at the same time develop closely professionalism. I realized how difficult and challenging my life would be after graduation. My work in the office needs ample of knowledge, interest, common sense, dedication, discipline and motivation to be able to withstand and endure the test. I have to exert effort to learn valuable experiences. During my OJT I significantly develop self-confidence, determined my strength and weaknesses and improved my interpersonal relationship with my co-apprentice. I was able to manage responsibility assigned to me and knew how to deal with those responsibilities. It’s not easy to handle a certain job. You should know how to adjust yourself and at the same time learn to be resourceful and know how to get done your work independently. You have to perform your job accurately and efficiently to avoid destructive and negative criticism. Though there are moments that I can’t do my work better, still I was optimistic. I persuaded and imbue in my mind that I can manage and able to handle my work as good as I can. Difficulties are just part of learning, a process that I have to take and endure. My OJT will always linger in my mind. I will surely miss my daily routine of work; the people who always greet us every time we went to the office for duty and of course my witty and fun to be with company. As a student I am confident enough to say that my training ground filled the lacking experience I long for. I went out in the office with glee because of the good stepping stone I have with me. Though there are expectations I didn’t met, still I can say that my stay in the office is quite good. Now I know how to prepare myself for future employment. I am grateful that even just a little moment I render service and able to practice my managerial and financial skills, develop my personality and truly understand the word â€Å"professionalism†. I genuinely believe that experience is the best learning: the core that molds us to be better workers. It is the basic instrument and door that will pave the way into various opportunities. It is perhaps the best education a simple individual could have. With the expanded and added information and experiences I gained from my OJT, I think I’m quite ready to face and step the next stage of my life and that is the most difficult, challenging yet motivating phase—my employment stage. Prepared By: Karen BrilloJovelyn Casquete BSC 3B Supevisor Submitted To: MR. BONIMER ALBOR OJT COORDINATOR

Two Communication And Technology Reflection Essay Example For Students

Two Communication And Technology Reflection Essay The choices that I make in High School are very important. I know if I do not handle everything I need to, it will not be a good thing when I do not participate in the graduation. This part of my portfolio is called the communication and technology section, to demonstrate these skills I chose the following items: First on the list is Oral Communication and Listening Skills. I included my interview presentation. Second/Third section are, Written Communication and a word-processed document, to show that I have met these requirements I included my Kaffir Boy Project. Fourth on the list is send information using e-mail, for this I have included copies of e-mails that I have sent and received. Last is create, edit and analyze information using a spreadsheet or database, I included a spreadsheet for this part. My interview presentation meets the requirements of Oral Communication and Listening Skills. It meets the requirements because in this I had to listen to the person I was interviewing. I also had to take notes and come up with a presentation that I would make to the class. We will write a custom essay on Two Communication And Technology Reflection specifically for you for only $16.38 $13.9/page Order now For this assignment I was expected to listen to the person I interviewed, and be able to record and present what was recorded during the interview. After the interview was finished I develop a presentation and give an oral report to the class. The Kaffir Boy Project that I did shows written communication in the following ways. I was to read a story from my World Literature book, take notes, write an essay and present it to my class. This demonstrates my ability to communicate bot through written word and orally written communications. Because I used a word processor to type this report this project also meets the requirements. To meet the e-mail requirement, I sent an e-mail to me advisor Mr. Clunn. About 3 days later I received a reply, included are copies of both e-mails. Last year in my business application class we were to come up with our own spreadsheet. The spreadsheet that I came up with had to do with a few of my peers and shoe sizes. The point of the spreadsheet was to show that boy the same age as girls, usually have bigger feet; a copy of the spreadsheet is included. As I go on trying to do everything that I can to graduate, I think back to what I should have been doing so that my senior year would not be so hard. I remember times that I should have been doing homework instead of putting it aside to do unnecessary things. I wish that I would have done things differently, and thought about how

How to Use the Particles O and No in Japanese

How to Use the Particles O and No in Japanese A particle is a word that shows the relationship of a word, a phrase, or a clause, to the rest of the sentence. The Japanese particles o and no are commonly used and have many functions depending on how it is used it a sentence. Read on for an explanation of these different usages. The Particle "O" The particle o is always written as ã‚’ not 㠁Š. "O": Direct Object Marker When o is placed after a noun, that indicates that the noun is the direct object. Below are a sentence examples of the o particle being used as a direct object marker. Kinou eiga o mimashita. æ˜ ¨Ã¦â€" ¥Ã¦Ëœ  Ã§â€ »Ã£â€šâ€™Ã¨ ¦â€¹Ã£  ¾Ã£ â€"㠁Ÿã€‚- I watched the movie yesterday.Kutsu o kaimashita. é  ´Ã£â€šâ€™Ã¨ ² ·Ã£ â€žÃ£  ¾Ã£ â€"㠁Ÿã€‚- I bought shoes.Chichi wa maiasa Koohii o nomimasu. çˆ ¶Ã£  ¯Ã¦ ¯Å½Ã¦Å" Ã£â€š ³Ã£Æ' ¼Ã£Æ'’ãÆ' ¼Ã£â€šâ€™Ã© £ ²Ã£  ¿Ã£  ¾Ã£ â„¢Ã£â‚¬â€š- My father has coffee every morning. While o marks the direct object, some English verbs used in Japanese take the particle ga instead of o. There are not many of these verbs, but here are some examples. hoshii æ ¬ ²Ã£ â€"㠁„ - to wantsuki Ã¥ ¥ ½Ã£   - to likekirai Ã¥ «Å'㠁„ - to dislikekikoeru è Å¾Ã£ â€œÃ£ Ë†Ã£â€šâ€¹ - to be able to hearmieru è ¦â€¹Ã£ Ë†Ã£â€šâ€¹ - to be able to seewakaru 分㠁‹ã‚‹ - to understand "O": Route of Motion Verbs such as walk, run, pass, turn, drive and go through using the particle o to indicate the route that the movement follows.   Here are sentence examples of o used to indicate the route of motion. Basu wa toshokan no mae o toorimasu. ãÆ' Ã£â€š ¹Ã£  ¯Ã¥â€º ³Ã¦â€º ¸Ã© ¤ ¨Ã£  ®Ã¥â€° Ã£â€šâ€™Ã©â‚¬Å¡Ã£â€šÅ Ã£  ¾Ã£ â„¢Ã£â‚¬â€š- The bus passes in front of the library.Tsugi no kado o magatte kudasai. æ ¬ ¡Ã£  ®Ã¨ §â€™Ã£â€šâ€™Ã¦â€º ²Ã£ Å'㠁 £Ã£  ¦Ã£  Ã£   Ã£ â€¢Ã£ â€žÃ£â‚¬â€š- Please turn the next corner.Dono michi o tootte kuukou ni ikimasu ka. 㠁 ©Ã£  ®Ã© â€œÃ£â€šâ€™Ã©â‚¬Å¡Ã£  £Ã£  ¦Ã§ © ºÃ¦ ¸ ¯Ã£  «Ã¨ ¡Å'㠁 Ã£  ¾Ã£ â„¢Ã£ â€¹Ã£â‚¬â€š- Which road do you take to get to the airport? "O": Point of Departure Verbs such as to leave, come out, or get off take the particle o to mark the place from which one gets off or leaves.   The following are sample sentences of the o particle used to indicate a point of departure. Hachi-ji ni ie o demasu. å… «Ã¦â„¢â€šÃ£  «Ã¥ ® ¶Ã£â€šâ€™Ã¥â€¡ ºÃ£  ¾Ã£ â„¢Ã£â‚¬â€š- I leave home at eight oclock.Kyonen koukou o sotsugyou shimashita. åŽ »Ã¥ ¹ ´Ã© «ËœÃ¦   ¡Ã£â€šâ€™Ã¥ â€™Ã¦ ¥ ­Ã£ â€"㠁 ¾Ã£ â€"㠁Ÿã€‚- I graduated from high school last year.Asu Tokyo o tatte pari ni ikimasu. 明æâ€" ¥Ã¦  ±Ã¤ º ¬Ã£â€šâ€™Ã§â„¢ ºÃ£  £Ã£  ¦Ã£Æ'‘ãÆ' ªÃ£  «Ã¨ ¡Å'㠁 Ã£  ¾Ã£ â„¢Ã£â‚¬â€š - I’m leaving Tokyo for Paris tomorrow. "O": Specific Occupation or Position In this case, the particle o indicates a specific occupation or position, which is usually followed by ~shiteiru or ~shiteimasu. See the following sentences for examples.   Tomoko no otousan wa bengoshi o shiteiru. æ™ ºÃ¥ ­ Ã£  ®Ã£ Å Ã§Ë† ¶Ã£ â€¢Ã£â€šâ€œÃ£  ¯Ã¥ ¼ Ã¨ ­ ·Ã¥ £ «Ã£â€šâ€™Ã£ â€"㠁 ¦Ã£ â€žÃ£â€šâ€¹Ã£â‚¬â€š - Tomokos father is a lawyer.Watashi no ane wa kangofu o shiteimasu. ç § Ã£  ®Ã¥ §â€°Ã£  ¯Ã§Å"‹è ­ ·Ã¥ © ¦Ã£â€šâ€™Ã£ â€"㠁 ¦Ã£ â€žÃ£  ¾Ã£ â„¢Ã£â‚¬â€š - My sister is a nurse. The Particle "No" The particle no is written out as  Ã£  ®.   "No": Possessive Marker No indicates ownership or attribution. It is similar to the English apostrophe s (s). These sample sentences show how the no particle is used as a possessive marker. Kore wa watashi no hon desu. 㠁“ã‚Å'㠁 ¯Ã§ § Ã£  ®Ã¦Å" ¬Ã£  §Ã£ â„¢Ã£â‚¬â€š- This is my book.Watashi no ane wa Tokyo ni sunde imasu. ç § Ã£  ®Ã¥ §â€°Ã£  ¯Ã¦  ±Ã¤ º ¬Ã£  «Ã¤ ½ Ã£â€šâ€œÃ£  §Ã£ â€žÃ£  ¾Ã£ â„¢Ã£â‚¬â€š- My sister lives in Tokyo.Watashi no kaban no nakani kagi ga arimasu. ç § Ã£  ®Ã£ â€¹Ã£  °Ã£â€šâ€œÃ£  ®Ã¤ ¸ ­Ã£  «Ã©  µÃ£ Å'㠁‚り㠁 ¾Ã£ â„¢Ã£â‚¬â€š- There is a key in my bag. Note that the final noun can be omitted if it is clear to both speaker and listener. For example: Are wa watashi no (kuruma) desu. 㠁‚ã‚Å'㠁 ¯Ã§ § Ã£  ®(è »Å )㠁 §Ã£ â„¢Ã£â‚¬â€š- That is mine (my car). "No": Indicating Position or Location To indicate the relative location of the first noun in a sentence, the no particle is used. Take these phrases for instance: tsukue no ue æÅ" ºÃ£  ®Ã¤ ¸Å  - on the deskisu no shita 㠁„㠁™ã  ®Ã¤ ¸â€¹ - under the chairgakkou o tonari Ã¥ ­ ¦Ã¦   ¡Ã£  ®Ã©Å¡ £ - next to the schoolkouen no mae - å… ¬Ã¥Å"’㠁 ®Ã¥â€°  - in front of the parkwatashi no ushiro ç § Ã£  ®Ã¥ ¾Å'ã‚  - behind me "No": Noun Modification The noun before no modifies the noun after no. This usage is similar to the possessive, but it is seen more with compound nouns or noun phrases. The following sentences show how the no particle can be used to modify a noun. Nihongo no jugyou wa tanoshii desu. æâ€" ¥Ã¦Å" ¬Ã¨ ªÅ¾Ã£  ®Ã¦Å½Ë†Ã¦ ¥ ­Ã£  ¯Ã¦ ¥ ½Ã£ â€"㠁„㠁 §Ã£ â„¢Ã£â‚¬â€š- The Japanese class is interesting.Bijutsu no hon o sagashite imasu. ç ¾Å½Ã¨ ¡â€œÃ£  ®Ã¦Å" ¬Ã£â€šâ€™Ã¦Å½ ¢Ã£ â€"㠁 ¦Ã£ â€žÃ£  ¾Ã£ â„¢Ã£â‚¬â€š- I am looking for a book on fine arts. No as a noun modifier can be used many times in one sentence. In this usage, the order of nouns in Japanese is the reverse of English. The normal Japanese order is from large to small, or general to specific. Osaka daigaku no nihongo no sensei Ã¥ ¤ §Ã©Ëœ ªÃ¥ ¤ §Ã¥ ­ ¦Ã£  ®Ã¦â€" ¥Ã¦Å" ¬Ã¨ ªÅ¾Ã£  ®Ã¥â€¦Ë†Ã§â€Å¸ - a teacher of Japanese at Osaka universityyooroppa no kuni no namae ãÆ' ¨Ã£Æ' ¼Ã£Æ' ­Ã£Æ'Æ'ãÆ'‘㠁 ®Ã¥â€º ½Ã£  ®Ã¥  Ã¥â€°  - the names of the countries in Europe "No": Apposition The no particle can also show that the first noun is in apposition to the second noun. For instance: Tomodachi no Keiko-san desu. Ã¥ â€¹Ã© â€Ã£  ®Ã¦  µÃ¥ ­ Ã£ â€¢Ã£â€šâ€œÃ£  §Ã£ â„¢Ã£â‚¬â€š- This is my friend, Keiko.Bengoshi no Tanaka-san wa itsumo isogashisou da. Ã¥ ¼ Ã¨ ­ ·Ã¥ £ «Ã£  ®Ã§â€ °Ã¤ ¸ ­Ã£ â€¢Ã£â€šâ€œÃ£  ¯Ã£ â€žÃ£  ¤Ã£â€šâ€šÃ¥ ¿â„¢Ã£ â€"㠁 Ã£ â€ Ã£   Ã£â‚¬â€š - The lawyer, Mr. Tanaka seems to be busy all the time.Ano hachijussai no obaasan wa ki ga wakai. 㠁‚㠁 ®Ã¥â€¦ «Ã¥  Ã¦ ­ ³Ã£  ®Ã£ Å Ã£  °Ã£ â€šÃ£ â€¢Ã£â€šâ€œÃ£  ¯Ã¦ °â€"㠁Å'è‹ ¥Ã£ â€žÃ£â‚¬â€š - That eighty-year-old woman has a youthful spirit. "No": Sentence Ending Particle No is also used at the end of a sentence. Read up on ​sentence ending particles to learn about the usage.

Bilingualism Course Essay Example | Topics and Well Written Essays - 750 words

Bilingualism Course - Essay Example According to the research findings, having Adequate knowledge of â€Å"Bilingualism† will help to improve in the field of second language acquisition and offer necessary assistance and guidance regarding issues such as the need for a suitable learning environment and excellent effective materials for learners. The researcher enrolled in this course â€Å"Bilingualism† thinking that with the sole purpose of it was only some additional adding some bonus credits that he should take to graduate to his graduation course. This thought, however, lasted for only one week, i.e. the first week of the semester. What the researcher did not know was that how much the amount of knowledge he will was to gain from that class. Before Prior to enrolling in this course, the author did not realize that had very little or no realization about the fact that bilingualism is one of the crucial topics that a second/foreign language teacher should must know about and the numerous benefits one ca n earn, in terms of career, by gaining and have a better understanding of the subject in order to do well in her/his career. This course has totally completely transformed the author’s perception about bilingualism changed his view to Bilingualism. It has created The researcher now have a newfound appreciation for the course and/or this subject, as well as extensive knowledge about bilingualism which will help, in the future, to while dealing with classes that have to comprise of monolingual, bilingual and multilingual learners. This class course has not only helped the author develop as a teacher, but it has allowed him to become more knowledgeable and confident in teaching English as a second language. This class has provided the narrator with various useful information through various activities such as class participation, writing journal, critical review, group discussion and Robyn`s presentation. One of the crucial parts most vital aspects of being a student is to parti cipate in the class, ask questions and give share opinions.

Starbucks (Globalization) Term Paper Example | Topics and Well Written Essays - 1750 words

Starbucks (Globalization) - Term Paper Example According to a study conducted by the World Health Organization in 2001, there are about 150,000 to 200,000 commercial sex workers in Thailand (U.S. State Department Bureau of Democracy, February 25, 2009). A subsequent study conducted by the Chulalongkorn University in 2004 reported that there are about 2.8 million sex workers in the country and a large majority of these people are women and minors (U.S. State Department Bureau of Democracy, February 25, 2009). The most recent study conducted by the Bureau of Democracy, Human Rights and Labor in the United States revealed that as of 2008, there are about 200,000 to 300,000 sex workers in the country (U.S. State Department Bureau of Democracy, February 25, 2009). According to the same office, the figure could be higher as there are many people coming into the country undocumented and many of these people end up prostitution dens. Many people come to Thailand from neighboring countries like Myanmar, Lao, Cambodia and China to find wor k but end up in some back alley prostitution dens and are forced to cater to anybody who can afford their price (The Nation, 3 January 2004). The worst part of if is that many of these people who are forced into the sex trade are minors. ... In fact, the city of Nangkon, the Phuket and the Pattaya areas are known as â€Å"primary tourist prostitution† spots and many foreign nationals come to these places for hedonistic reasons (Fox, J. (30 November 2009). Several people come to this place not only to take a vacation but to enjoy the commercial sex trade offered by different establishments in these areas. II. Sex Tourism and the Globalization of Tourist Networks   The booming international tourism industry in Thailand along with poor law enforcement is some of the primary reasons why the sex industry in the country is currently booming. According to Fox, J. (30 November 2009), the globalization of tourists networks help create a venue for pedophiles, sex offenders, prostitution rings and similar establishments to communicate with each other and do business. The rising prostitution statistics in Thailand is exacerbated by the fact that there are now many international establishments in the country and access to co mmunication is now very easy. At present, most sex tourists communicate with the local prostitution ring through the internet so it is very easy for these people to do business with minimal risk of being caught by the authorities. In most cases, tourists who come to Thailand for hedonistic reasons communicate with their hosts online so they know where to go and who to look for when they come to the country (Monk-Turner, and Turner, December 23, 2009). In fact, a number of sex tourists already have advance contracts with the local prostitution ring before they come to the country. Aside from well established prostitution rings that operation both online and offline, there are also a number of men and women who are

The Theories And Implications On Corporate Financial Decisions Finance Essay

The Theories And Implications On Corporate Financial Decisions Finance Essay This paper concerns mainly on exploring the area of corporate valuation models and their implications in assessing the value of corporate firms. The models to be reviewed and analyzed are Economic Value Added (EVA), Capital Asset Pricing Model (CAPM) and Free Cash Flow (FCF). The selected models would be used on 5 publicly listed firms in the Bursa Malaysia. The aim of this study is to analyze the three models on how it can be utilized in helping a firm to create, sustain and access its corporate value. This paper consists of six parts, which are introduction, literature review, importance of theories and its implications on corporate financial decisions in Malaysia, application of concepts, tenets, fundamentals, technical issues, etc to the five chosen firms, methodology to analyze 5 years financial data of the selected firms and conclusion. Introduction In this paper, three corporate valuation models have been chosen as our main concern, which are Economic Value Added (EVA), Capital Asset Pricing Model (CAPM) and Free Cash Flow (FCF). We then apply the selected valuation models and methodologies to five publicly listed firms in the Bursa Malaysia from the food and beverage industry. The five companies are Dutch Lady Milk Industries, Fraser Neave Holdings Berhad, Nestle Ltd, QSR Brands Bhd and Yeo Hiap Seng (M) Berhad. Summary will be made by reviewing ten journal articles under the literature review part for a preliminary understanding of the models. This paper includes four journal articles for EVA as well as another seven journal articles for FCF and CAPM. In addition, we will identify the importance of the theories and describe its implication on corporate financial decisions in Malaysia. This study has provided us a great learning opportunity by accessing the company value of the real corporate firms. It also provides us a lear ning platform in how to utilize the valuation tools to evaluate companys performance for investment purpose in the future. Literature Review Economic Value Added (EVA) Economic Value Added (EVA) is a corporate valuation tool developed by Stern Stewart Co. to assist managers in their decision making by incorporate two basic principle of finance inside. The first principle is the financial goal of any company for shareholders wealth maximization and the second one is that a companys corporate value is based on the extent to which investors expect future earnings to exceed or fall short of the cost of capital. Another way to explain is that, EVA is developed to align decisions with shareholders wealth. According to Stewarts study in 1994, it is proved that EVA as the single best tool of measuring wealth creation on a contemporaneous basis and the result in describing changes in shareholders wealth is about 50 percent better than its greatest accounting-based rival of EPS, Return on Asset (ROA) and Return on Equity (ROE). EVA model assist managers in better investment decisions making, to identify improvement opportunities as well as to consider the short-term and long-term benefits for a firm. Based on Taubs study in 2003, it is observes that most of the valuation models used among industries focus only on the financial or accounting information. Unlike EVA, it combines factors like accounting, market and economy information in a companys performance evaluation. Various studies have proved the superiority of using EVA over other traditional models for evaluate companys performance due to its transparency and capacity to obtain more important information. According to Kudla and Arendts study in 2000, EVA can eliminate the arising conflicts and confusion when a company employs multiple measures like EPS, Return on Investment (ROI), Return on Equity (ROE) and Net Operating Profit after Tax (NOPAT). Furthermore, EVA can also be used as a tool to eliminate economic distortions of General Accepted Accounting Practice (GAAP) to focus decisions on the actual economic outcomes. It promotes better evaluation of decisions that have an impact on the income statement and balance sheet or trade-offs between each other. Also, EVA managed to cover every aspect of the managerial cycle through the use of the capital charge against NOPAT. There are also studies indicate that EVA is a superior measure of the managerial decisions quality. From Fishers study in 1995, EVA is suggested to be treated as a reliable pointer in estimating a firms value growth in the future. Also, according to Sterns study in 1989, the purpose of EVA is to change the management behavior as well as their performance, leading managers to act in the owners interest. It can be used as a motivation tool to encourage managers to create shareholder value by being a basis for management compensation. Importance of the theories and implications on corporate financial decisions in Malaysia As business grows wider and complex across the border, there is a demand for better valuation tool to evaluate the performance of the business. It is important to adopt more innovative performance metrics so that the companys management behaviors can be closely monitored to achieve the goal of maximizing the shareholders benefits. It is also important to access a firms value for any decision making regarding business expansion or contraction. According to the article of The Chartered Institute of Management Accountants (CIMA), Latest Trends in Corporate Performance Measurement (1992), many companies were experiencing difficulties in implementing measurement frameworks and these statements have been brought to today. There is a study conducted by Dr. Issham Ismail in Malaysia with the purpose to examine the relationship between EVA and the company performance in Malaysia. The study indicates that EVA has a strong relationship with stock return as compared to other measures due to its focus on long-term performance. EVA enhances stock performances by including more informational content in describing the stock returns. According to the study, EVA is considered as a better alternative to other traditional valuation tools such as EPS, ROE, etc. Its characteristic of transparency and capacity to provide more important information helps investors in Malaysia to make better investment decision as well as the resources allocations decisions. Besides that, EVA and MVA can be also treated as performance measures and signals for any strategic change (Lehn and Makhija, 1996). There is another study conducted by Norfarah, Suhaila and Wan Mansor in Malaysia regarding the adoption of EVA on real estate corporations in Malaysia. In Malaysia, real estate sectors have grown to become a large sector and continue to develop for the past two decades even through difficult economic period. Some has been performing well in the industry such as IOI Properties and Boustead Properties Bhd while some of them are experiencing hardship like Country Heights, Land General, and Damansara Realty. In order to identify the company potential of adding more shareholders value, an alternative corporate valuation model has been introduced, which is EVA, proposed by Stern Stewart Management Services. The adoption of EVA is considered to be more comprehensive as its measurement tool provides a clearer picture of whether a business is raising or reducing shareholder wealth. Most of the multinational companies such as Sony, Coca-Cola and Monsanto have formally announced their adoption and implementation of EVA as management systems in their quest of the value. On the other hand, EVA based performance plan produces positive result towards a company management. There is a study on the effects of adopting management bonus plans based on residual income measures. According to Wallaces study in 1997, EVA based performance plan motivates managers to utilize companys assets in a more productive and efficient way. This hence, reduce of the conflict between managers and shareholders interest and the decreasing agency cost eventually help the company to boost its profit after the adoption of the residual income based incentives plans. As a result, EVAs superiority is proved in encouraging managers for shareholder wealth creation. However, in order to work out the EVA compensation system, it requires large commutation effort and extensive training for both managers and their subordinates. Lastly, EVA and its practical applications as a management control system for performance measurement which helps manager to make better investment decisions. Methodology Economic Value Added is an evaluation tools used to examine a companys true economic profitability because it factors in net operating income after taxes interest minus the opportunity cost of capital deployed to earn that net operating income. In other words, EVA tells whether a companys financial performance is higher or lower than the minimum required rate of return for shareholders or business lenders. Besides that, EVA also tells investors if their amount of invested capital in the business is providing them a higher return than their minimum, or if it is better to shift their capital elsewhere. There are few steps required in calculating EVA and this is how Economic Value Added (EVA) is used by the financial analysts. Annual reports from the five selected firms have been sourced respectively in this report. First of all, we have to identify the earnings before interest and tax (EBIT) from the income statement. Next we have to calculate the Net Operating Profit after Taxes (NOPAT) by deducting the Income Tax Expenses from the EBIT. Afterwards, we need to determine the invested capital deployed in the business by deducting Non-interest Bearing Current Liabilities from Total Assets. Then, we need to calculate the Weighted Average Cost of Capital (WACC) using the Capital Asset Pricing Model (CAPM). WACC calculated by adding Risk Free Rate with Beta multiply by Market Risk Premium, where Market Risk Premium is calculated by deducting Risk Free Rate from Market Return. Take WACC multiply with the Invested Capital and finally, EVA can be found by deducting the multiplication of WA CC and Invested Capital from the Net Operating Profit after Tax. The calculation formulas for EVA are as follows: EVA = NOPAT (WACC * Invested Capital) where, NOPAT = Profit Lost Before Interest and Tax Income Tax Expenses and, Invested Capital = Total Assets Non-interest bearing Current Liabilities and, Cost of Equity, WACC is calculated by using CAPM Model where, WACC = Risk Free Rate + ( Beta * Market Risk Premium ) where, Market Risk Premium = Market Return Risk Free Rate Free Cash Flow Literature Review Free cash flow (FCF) refers to the cash generated by the assets of the business available for distribution to all the shareholders and it cant be affected by the businesss capital structure. A firms stock value is calculated by projecting the future free cash flow (FCF) that will be generated by the business assets and then compute the present value of FCF by discounting them at the appropriate required rate of return. FCF appeared to be an appropriate valuation model to be used when (1) the firm doesnt pay dividends at all or pays out lesser dividends than dictated by its cash flow, (2) free cash flow tracks profitability or (3) the analyst takes a corporate control perspective. The present value of FCF is the most fundamentally useful valuation tool used in assisting any investing decisions like investment opportunities appraisal and corporate valuation (Arumugam, 2007). It can also be used to measure the potential of investment opportunities as well as to forecast the firms future performance by accessing its corporate value. Based on an article written by Ben Lardes in March 2010, a companys free cash flow reflects a lot of information about the company performance. Obviously the higher the free cash flow of a business is, the more money you can expect to earn as the businesss shareholder. Every firm has different FCF, which is depends on how well is their performance over the periods. For instance, a well performing firm may have a good amount of positive cash flows. On the contrary, a firm may not have a positive cash flow at all if it has been struggling to succeed. A firm will have a negative FCF if its expenses are exceeding its income. By looking at the FCF, a company can decide whether to go on with its current business direction or to change its management operation. However, negative FCF does not always signify problems within a business. The negative FCF may be due to the preparation of business expansion in the future. The age of a company and its circumstances should always be in the consider ation before judging it purely based on its free cash flow. According to the study conducted by McClure, although FCF has its merits, it still has some limitations and the most significant one would be the garbage in, garbage out principle. Predicted FCF is used as the main input in DCF calculation to evaluate any investment decisions, thus the quality of FCF is very important in the valuation process in order to get an appropriate and reliable outcome. If all the FCF values have found to be inaccurate, then it will be useless in assessing the firms stock price. Therefore, the ability to make good future projections of FCF is critical. The more you confident about the future cash flow, the better project evaluation you can made, leading to a desirable profit from your investment. In this case, the forecast of potential cash flow appeared to be the tricky part, as you are required to prepare a full financial model to get a better estimation. This requires some serious analysis of the business, the macro-economic environment, the legal and regu latory framework and the competitive landscape (Cartmail, 2010). Importance of the Theories Implications on Corporate Financial Decisions in Malaysia Investing decisions can be made based on a simple analysis like selecting your desire firm with a product you expect to have high demand in the future. The underlying expectation is that the company will continue to produce and sell high-demand products and will generate cash flow back to the business. The second part is that the companys management will know where to spend this cash to continue its operations whereas the third assumption is that all of these expected future cash flows are worth more today than the stocks current price.   Free cash flow (FCF) tracks the remaining operating cash flow for the shareholders after laying out the money a firm required to expand or sustain its asset base. It is important as it allows business to pursue more opportunities that could enhance shareholders value. Present value of all free cash flows is the key indicator of a firms equity value. The growing FCF is often a prelude to increased profits. Firms that facing surging FCF as a result of revenue growth, debt elimination, improvement of operational efficiency and others, can reward their investors tomorrow. Thats the reason investors cherish FCF as a sound valuation metric. The odds are good when a firms FCF is increasing, it is believed that the firms share value will soon be increased as well. An important thing to note is that, negative FCF is not bad in itself, however it could represent a sign that a firm is engaging in large investments (Investopedia, n.d.). DCF is one of the favorable and sound tools to be used in corporate valuation because it can produce outcome, which has the closest value to an intrinsic stock value. Unlike other valuation tools like P/E ratio, DCF analysis relies on FCF. It is believed that FCF reflects a clearer view of a firms ability in generating cash, as profits can sometimes be clouded by accounting tricks, but cash flow cannot. The reason is because cash flow generation is hardly to be influenced by accounting assumptions and practices. Also, FCF is a trustworthy measure that eliminates most of the arbitrariness and guesstimates found in reported profits (Investopedia, n.d.). Other than that, FCF can be considered as a forward-looking metric because it depends more on future prospects rather than past results. In addition, it also enables expected operating strategies to be included in the valuation as it allows varies business components to be valued separately. On the other hand, free cash flow theory has important implications for the leverage effect on a firms investment financing decisions. The FCF model implies that for an over-investor, an increase in leverage should lead to a reduction in unprofitable investment spending. Additional leverage will leave less amount of free cash flow at the discretion of the managers at the same time that it increases the intensity level at which the companys activities can be closely monitored. Overall investment will become more efficient as the firm substitutes contractually obligated debt service for negative net present value investments. Empirically, the reduction in unprofitable investment spending should contribute to an increase in the firms stock price that reflects the improved efficiency of managerial investment decisions. Methodology Free Cash Flow (FCF) is the cash generated by the companys assets and it is available for distribution to all the shareholders. It is used to tracks the remaining operating cash flow available for the shareholders after laying out the money a firm required to expand or sustain its asset base. It is calculated by deducting Net Investment in Operating Capital from Net Operating Profit after Tax (NOPAT), where NOPAT is calculated by deducting Income Tax Expenses from the Profit Lost before Interest and Tax (EBIT) and Net Investment in Operating Capital is obtained by using the Operating Capital at time t to minus the Operating Capital at time t-1. Operating Capital is calculated by adding up Net Operating Working Capital (NOWC) and Net fixed Assets, where NOWC is calculated by deducting Non-interest Bearing Current Liabilities from Operating Current Assets. The calculation for FCF is as followed: Free Cash Flow (FCF) = Net Operating Profit after Tax (NOPAT) Net Investment in Operating Capital where, NOPAT = Profit Loss before Interest and Tax (EBIT) Income Tax Expenses and, Net Investment in Operating Capital = Operating Capital at time t Operating Capital at time t-1 where, Operating Capital = Net Operating Working Capital (NOWC) + Net fixed Assets where, NOWC = Operating Current Assets Non-interest bearing Current Liabilities Capital Asset Pricing Model Literature Review Basically, Capital Asset Pricing Model (CAPM) is based on Markowitz (1959) and Tobin (1958), who introduced the risk-return portfolio theory. The primary implication of the CAPM is the mean-variance efficiency of the market portfolio. The efficiency of the market portfolio implies that the positive linear relationship between expected returns and market betas is exists and only beta is playing a significant role in explaining the expected returns of stocks. Several attempts have been done to test the implications of the CAPM using historical rates of returns of securities and historical rates of return on a market index. The CAPM is relies on several assumptions with the fact that every investor wants to maximize the expected satisfaction of their wealth. An addition to the risk aversion is that all of them are having the same expectations towards the returns of the securities. The returns of the securities follow a normal distribution, which characterizes the phenomenon of homoscedasticity. Besides that, CAPM also assume that every investor is allowed to borrow any amount of money at the risk free rate. Finally, there are no taxes or other barriers which lead to an imperfection of every market, that is, the market is assume to be in equilibrium and have a perfect competition among all the participants in the market. According to Grigoris and Stavross study in 2006, one of the earliest empirical studies that support the theory of CAPM is that of Black, Jensen and Scholes [1972]. By using monthly data of return and portfolios rather than individual stocks, Black et al tested whether the cross-section of expected returns is linear in beta. By constructing a portfolio made up by an amount of securities, investors managed to diversify away most of the firm-specific risk, thus increasing the precision of the beta estimates and the expected rate of return of the portfolio. This approach eliminates the statistical problems that arise from measurement errors in beta estimates. The data found to be consistent with the predictions of the CAPM, at which the relationship between the average return and beta is close to linear and that portfolios with high (low) betas will have high (low) average returns. There is another classic empirical study that supports the theory conducted by Fama and McBeth in 1973. In the study, they examined whether there is a positive linear relation between average returns and beta. In addition, the author also investigated whether the squared value of beta and the volatility of asset returns can explain the residual variation in average returns across assets that are not explained by beta alone. There are several studies in the early 1980s suggested that there were deviations from the CAPM risk return trade-off due to other variables that affect this tradeoff. The objective of the studies was to find the missing components that CAPM omitted in explaining the risk-return trade-off and to identify the variables that created those deviations. Banz [1981] tested the CAPM by examining whether the size of firms can explain the residual variation in average returns across assets that remain unexplained by the CAPMs beta. CAPM is being challenged by indicating that firm size does explain the cross sectional-variation in average returns on a particular collection of assets better than beta. The author concluded that the average returns on stocks of small firms were higher than the average returns on stocks of large firms, vice versa. This study has known as the size effect. The general reaction to Banzs [1981] findings, that CAPM may be missing some aspects of reality, was to support the view that although the data may suggest deviations from CAPM, these deviations are not as significant to invalidate the theory. Importance of the theories and implications on corporate financial decisions in Malaysia CAPM, which is a theoretical representation of the financial markets behavior, can be used in the estimation of a companys cost of capital. Despite the limitations, the model can be a superior addition to the analytical tool kit of financial manager. The modern financial theory relies on three major assumptions. First, we assume the participants in the securities market are dominated by rational, at which all the investors are risk averse. Risk-averse person often seek to maximize satisfaction from the returns on their investment. CAPM also assume a perfect competitive market, which is in the equilibrium. It means that the financial market is populated with highly sophisticated and well informed buyers and sellers, meaning that the financial market has the characteristic of transparency. The third assumption implies that investors will choose to hold diversified portfolios, means that every investor wants to hold a portfolio that could reflects the stock market as a whole. Although i t is impossible to own the market portfolio, it is relatively easy and inexpensive for investors to eliminate specific or unsystematic risk and construct a portfolio that tracks the stock market through diversification. Another significant problem is that, it is not possible for investors to borrow at the risk-free rate in the real world. This is because the risk associated with individual investor is particularly higher than the risk associated with the Government. This inability to borrow at the risk-free rate means that the slope of the SML is shallower in practice than in theory. However, CAPM is generally considered as a better method to calculate the cost of equity and it explicitly takes into account the sensitivity of a companys security return to market risk. It is clearly superior to the WACC in providing discount rates to be used in investment appraisal. Research has shown the CAPM to stand up well to criticism, although the arguments against CAPM have been increasing in the recent years. Investment managers in Malaysia have widely applied CAPM as well as its sophisticated extension as the investment valuation metric. CAPMs application to corporate finance is the recent development. Although it has been employed in many utility rate-setting proceedings, it has yet to gain widespread use in corporate circles for estimating companies cost of equity. Methodology The Capital Asset Pricing Model indicates a simple linear relationship between expected rate of return and systematic risk or market risk of a security or portfolio. The model is an extension of Markowitzs (1952) portfolio theory. The researchers who are commonly credited with the CAPM development are Sharpe (1964), Linter (1965) and Black (1972) and that is the reason CAPM is normally referred as SLB model. Markowitz (1952) developed a concept of portfolio efficiency through the combination of risky assets that minimizes risk for a given return or maximizes return for a given risk. Variance of expected returns has been used as the measure of risk and then the efficient portfolio will be developed to minimize risk for a given rate of return. The equation of CAPM indicates the relationship between cost of capital and market returns. The general idea behind CAPM is that investors need to be compensated for two reasons: time value of money  and risk. The time value of money is represented by the risk-free rate, Rf  in the equation and investors are being compensated for the forgone opportunity cost and time value of money due to their investment over a period of time. The other half of the equation represents the risk and the risk premium is the compensation for the investors for taking on any additional risk. It is calculated by using a risk measure (Beta) to the market premium (Rm-rf). The calculation of CAPM is as followed: Ri = Rf + ( Beta * Market Risk Premium ) where, Market Risk Premium = Rm Rf where, Ri = return on equity or portfolio Rm = return on the market portfolio Rf = return on risk-free asset Beta = sensitivity of security or portfolio to the systematic risk The equation indicates that the expected rate of return on asset i is equal to the rate of return on the risk-free asset plus a risk premium. The risk premium is calculated by multiplying beta with the difference between the expected rate of the return of the market portfolio and the risk-free rate. Risk free rate can be obtained from the return on Malaysian Treasury bill at particular time of the stock trading while beta can be calculate from the historical prices of stock and the market and the market return can be calculated based on the market index. To calculate the beta value, we need to first calculate the covariance of the security and the market. Second, we need to calculate the variance from market return. Next, we need to divide covariance of the particular security and market by variance of market to obtain the value of beta.

Hindi matter on fashion Essay

Agriculture is the backbone of Pakistan’s economy. Pakistan today is among one of the World’s fastest growing population, now estimated as over 170 million. Due to lack of large river regulation capability through sizeable storages, the country is already facing serious shortages in food grains. Given the present trend, Pakistan could soon become one of the food deficit countries in the near future. Therefore, there is a dire need to build storages for augmenting agriculture production. reservoirs have already lost about 5,000,000 acre feet (6.2Ãâ€"109 m3) due to sedimentation. Electricity needed Employement India wants its supremacy in the region; therefore, it is not resolving the water and Kashmir disputes. Politics has strong links to trade as political disputes led to blocking of trade India should display seriousness to practically resolve Kashmir and water disputes for trade and economic cooperation between Pakistan and India. Pakistani traders and industrialists want trade ties with India despite some reservations. There are chances of war on the water issue. Improvement in bilateral ties could benefit both the countries, but friendship should not be made at the cost of Kashmir and water. Climate affects the IWT or India’s building of reservoirs It gives India rights to the natural flow of water of the Indus’ three eastern tributaries – the Ravi, Sutlej and Beas – while Pakistan controls the main Indus channel itself and two western rivers, the Jhelum and Chenab. Pakistan has increasingly raised concerns about data sharing and transparency, particularly because the upper reaches of all of the rivers lie in Indian-controlled territory, giving that nation greater scope for control of the entire Indus river system. harvesting summer stream water into 3,000 litre gravity-fed storage tanks. Up to 30 percent of water is lost from the country’s unlined irrigation canals, experts said.

How Did Penicillin Help the Allies Win Wwii?

How did Penicillin help the Allies win WWII? Branna Prine Word Count: 1,894Table of Contents Plan of the Investigation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Summary of Evidence†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4-5 Evaluation of Sources†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7-9 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 0 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 A. Plan of the Investigation The scope of the investigation concerned the magnitude of penicillin and how it helped the allies win World War II (WWII). The researcher scrutinized the invention and process in which penicillin came to be, the different types of penicillin we have and use today, how it was used to help us more than any other drug in history at one point, and how it came to save thousands of lives in WWII. The researcher’s method was to use multiple primary resources such as articles written by scholars, medical professionals, and historical investigators. The evidence that was found was evaluated and observed for origin, value, and purpose of penicillin and its use in WWII. B. Summary of Evidence In 1928, Sir Alexander Fleming discovered the first natural mold of Penicillin(Tames 5). Even though his â€Å"creation† was mostly on accident, Fleming had been itching to discover a new â€Å"wonder drug† since he first became interested in being a scientist(5). Though the knowledge of disease causing bacteria was somewhat understood at the time, medical researchers had yet to find a chemical able to rid the body of the potent bacteria while not harming the body at the same time. Fleming’s first form of Penicillin was just what was needed to kick off the ultimate breakthrough of medicine. Even then, it wasn’t until another decade after this discovery that people really started needing and using Penicillin to save lives(History of Penicillin). Although Fleming is credited with this important discovery, it took the start of WWII to pursue medical scientists to strengthen the effect the drug had on people. It’s all thanks to a total of 39 different groups of scientists that hundreds of thousands of fighting men’s lives were saved(World War II and Peoria). Penicillin was considered to be the war’s official wonder drug because of the unbelievable effects it had on infections and deadly diseases. The use of this drug is what made WWII different from any previous war(World War II and Peoria). Before Penicillin was introduced to the allies of the war, soldiers rapidly died from infections such as Staphylococcal(staff), streptococcal(strep), and pneumococcal(pneumonia) (World War II and Peoria). Since death was the ultimate outcome of these infectious diseases, the number of available soldiers to fight dropped immensely and expeditiously. Due to the shortage of men, sergeants called for men to be recruited no matter their experience; as long as they were 18 years old(Inside WWII). That then led to more deaths of young cadets because of the lack of knowledge of what to do on the battle field. At that point of time, the allies came to the conclusion that what they needed was a wonder drug ready to use when needed. That’s when Howard Florey and Ernst Chain were forced in with their team of scientists to use Fleming’s Penicillin mold and improve it to where it cured a grown man of a life threatening infection or disease; and make a quantity of hundreds of thousands(World War II and Peoria). After a total of 39 separate drug laboratories in the U. S. ad given their all to synthesize inorganic Penicillin, in 1941, they created a version 20 times more potent than what they started out with in 1939(22). By the autumn of 1943 the war doctors were using the drug on only American and Allied military patients with life-threatening infections. Since a single infection usually called for two million units of Penicillin(single ampoules held 100,000 units), rati oning who got what treatment was crucial(World War II and Peoria). The scientists shortly discovered that, while the new version of Penicillin was of very good quality, their new focus needed to be directed on quantity of the drug. By 1945, the team of scientists brilliantly came up with an amazingly effective technique that supplied the allies with 7,952 billion units of the strongest possible version of penicillin at the time(World War II and Peoria). Though the injections were painful(the needles had to be large enough to allow the medicine to flow through) and had to be given every four hours, soldiers agreed it was worth being able to live and continue fighting to the victory of WWII(23). By the end of it all, the magnificent wonder drug saved the lives of hundreds of thousands of warriors and even more citizens in the U. S. and has continued to fulfill its duty all the way up to today’s time(World War II and Peoria). C. Evaluation of Sources â€Å"World War II and Peoria† was the title of the article that helped the researcher the most to come to a conclusion on how Penicillin helped the allies win WWII. The article’s purpose was to further inform people about the studies and development of penicillin during WWII. The article talked about the illnesses and wounds the soldiers fighting in WWII came in contact with and how Penicillin helped them fight and survive through it all. This particular unit differed from the rest because it did not have its focal point on how Penicillin came to be, but rather its purpose and usage in WWII. However, it did have some limitations of information on specific numbers and names of soldiers that were affected by the wonder drug. The point of view that the article used was from a college professor who had dabbled in history as well as medicine. The professor’s name was Jennifer Rosenburg and she had posted this information around 2000. The second most helpful article’s title was â€Å"Inside WWII . The purpose of the article being written was to tell a more medical side of the war as opposed to the blood and guts. Although, it still lingered on with the facts and details of the war itself too much, which limited it with important details it should have withheld about the medical side of the war. But, because of the focusing on one little part at a time problem, the researcher ended up to find it very valuable. It stated facts that were focused on the medicine during the war instead of the medicine in general. The origin of this information was found by Dr. Steven Lister. He was a doctor during the war, so this gave him a personal experience and the researcher found great value in this type of first hand information. D. Analysis During the period of penicillin gaining importance, World War II was going on. This specific war was fought from 1939 to 1945 by the Axis: Germany, Italy, and Japan; and the allies: Australia, Belgium, Brazil, Canada, China, Czechoslovakia, Denmark, Estonia, France, Greece, India, Latvia Lithuania, Malta, The Netherlands, New Zealand, Norway, Poland, South Africa, United Kingdom, United States, USSR, Yugoslavia, and many others(The Axis and the Allies). The war was fought by more than fifty countries in the world. The main causes of the war for the U. S. and Britain were The Great Depression and the Treaty of Versailles(Wars and Battles 1939-1945). Around 1943, the Allies really started to need help because they were losing so many soldiers due to infections caused mostly by severe battle wounds which ultimately led to the being outnumbered and overtaken by the Axis. That is where Penicillin came in. Scientists spent over $2,000,000 trying to perfect and learn more about the drug(World War II and Peoria). They eventually found out that what this drug did, once successfully inserted in the body, was it located the source of the infection and fought only the harmful bacteria( Tames 15). As opposed to the other drugs, at the time, which destroyed not only dangerous bacteria, but the vital bacteria used for fighting infections naturally found in the body(16). The drug, therefore, saved over hundreds of thousands of men(World War II and Peoria). A few months after the Allies received the drug, the Axis groups started to surrender, which officially ended the war in 1945 with the Allies‘ being the victorious group(Wars and Battles 1939-1945). Under the circumstances that the allies started winning after penicillin came into the picture, that was considered to be one of the main, but least recognized, expositions for the victory of the allies. Of all the evidence the researcher has came up with to support this claim, the three main pieces of evidence are as follows: only two years after penicillin was thoroughly introduced to the war, the allies won; so many lives were saved –on and off the battlefield–how could it not have such a huge impact; and they must have known it was going to be a huge help, otherwise they would not have invested so much money in the whole process of innovating and testing the drug(World War II and Peoria). The first point was the victory of the allies shortly after penicillin came to use in the war. When they fought without the drug, the allies were losing by a drastic amount considering the vast number of men that died every day from infections on their battle wounds and had suffered without the care that penicillin provided(23). The soldiers suffered for a total of about three and a half years before they actually got penicillin shipped in that had an affect on people(World War II and Peoria). However, when they did get the wonder drug in, they spent about six months learning the different side effects, insertion ways, and preparations needed before they gave the soldiers all they needed to keep them alive and fighting(World War II and Peoria). The second point, was that there was such a large number of people saved by the drug, that it had to have made some kind of a difference in the way World War II ended. In less than a year, penicillin saved 187 lives just of people in America(21). In the war, penicillin took the death toll, caused by wound infections, from over 12 percent down to less than 1 percent on average(23). That would mean the allies side of the war would have had a 12 percent advantage over the axis in the battle at this time due to the drug keeping the soldiers dying from wound related infections. The last point stated was with all the time, money, and dedication with bettering this drug, penicillin obviously had a huge impact on World War II The U. S. spent over $2,000,000 trying to perfect the drug to make it effective enough to cure a whole army of men versus enough for one or two individual people. The money not only paid for the equipment needed, but for the 39 different groups of scientists hired to innovate and test the drug to reach the desired goal(History of Penicillin). E. Conclusion When Penicillin started out, it was but a simple form of mold. Then, When Fleming discovered it destroyed bacteria in the human body without harming the human in any way. He then had over 30 different teams of scientists work at improving this mysterious new drug to make it potent enough to help a man overcome pneumonia. After years and years of experiments and millions of dollars spent, they finally got what they had been working for. They sent as much as they could to the troops fighting WWII at the time. The doctors at the war stations gave it to the men in critical condition and the drug got them back on their feet and fighting in about a week. F. Bibliography Works Cited â€Å"The Axis and the Allies. † The Countries Who Fought in World War Two. Mandy Barrow, 2010. Web. 12 Nov. 2011. . â€Å"The Drug Safety. † The Drug Safety. The Drug Society, 2011. Web. 26 Sept. 2011. . â€Å"How Penicillin Came to Be. Alexander Fleming in WWII. J. Miller. Web. 28 Sept. 2011. . â€Å"Inside WWII. † History Learning Site. Chris Trueman, 2000. Web. 28 Sept. 2011. . Prine, Patricia R. â€Å"Moma's Notes. † Personal interview. 2 Oct. 2011. Tames, Richard. Penicillin: a Breakthrough in Medicine. Chicago: Heniemann Library, 2001. Print. â€Å"Wars and Battles, 1939-1945. † United States American History. Web. 12 Nov. 2011. . â€Å"World War II and Peoria. † 20th Century History. Jennifer Rosenburg, 2001. Web. 26 Sept. 2011. . â€Å"WWII and Medicine. † Medicine in World War II. 2001. Web. 27 Sept. 2011. .

Private Investments in Human Capital Growth in Asian...

This essay will be explaining that why macroeconomics stability is one of the key success factor that contributes to the tremendous economic growth in the last forty years of development in asian countries like singapore, hong kong and south korea. The objective of a government economic policy is to achieve stability. A volatile business cycle is not ideal to the economy as the rapid growth of an economy with high demand and inflation will lead to a recession as the long term inflationary growth will not be sustainable. Macroeconomics stability ensures that the country minimizes its exposure to external shock and volatility against the global market which will in the end leading to sustainable economic growth. Some of the safety†¦show more content†¦The overall national economic output will increase when the employment rate is high. When employment rate is high, the wages of the worker increases then leads to a rise in price for consumer good which causes inflation to increases hence the employment rate has an inverse relationship to inflation. Singapore has been trying to balance between the inflation and unemployment rate because when there is a high volatile fluctuation between the employment rate and inflation, the business cycle span reduces making the economy vulnerable to recession most of the time. Low and stable inflation is a key factor in long term sustainable growth which will lead to a steady, healthy and predictable economy hence attracting foreign investors into singapore to set up business to boost the economy by allowing them to plan for long term strategy. One of the key factor to manage the inflation rate effectively is through monetary policy. Currency stability allow investors to develop long term strategy and minimize exchange rate risk. As Monetary Authority of Singapore(2014) states that adopting the management of exchange rate as it is ideal in terms of the small economy of singapore where it is easier to manage through direct intervention within the foreign market. It is seen as an effective mitigation to curb the high inflation rate for singapore economy However, having just human capital is not sufficient to sustainShow MoreRelatedWhy The East Asian Miracle Really Helped East Asia s Economical Growth1484 Words   |  6 Pageseconomic growth before, The East Asian Miracle, occurred. The East Asian miracle has really helped East Asia’s economical growth. During this semester we have come across The East Asian Miracle, and how it came about. I have read The Four Little Dragons, also the World Bank report and Balassa’s article. Each one of the readings have different and similar arguments in why The East Asian Miracle happened. 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