Cameron Moore. Erica Peterson . English 1320 . 3 February

Cameron Moore Erica Peterson English 1320 3 February 2017 Annotated bibliography In choosing for this research project I have decided to challenge the ethical problem of the shortcomings of feminism. There has been much debate over feminism, the questioning of its purpose, its design, its inclusiveness, it is stance on other matters that connect to it. In a quest in finding the shortcomings, and bringing them to light. Using other essays as sources I plan to make this bibliography a journey into the scope not just feminism, but the history of feminism, intersectional feminism, the wage gap, and what defines a feminist. We will take into account of all aspects of feminism and how authors of some essays included have offered their†¦show more content†¦N.p., n.d. Web. 05 Feb. 2017. Gaye explains about feminism extensively. Roxanne shows us that there an error in the way of most feminist thinking. That being a generalized thinking of what a feminist is, which is the tomboy, man hating, and other stereotypes that suspend the cultivation for others to consi der the feminist movement in better light. Her solution to this problem is for every woman to embrace what makes them happy. Gaye loved pink things and â€Å"girly† things. If women did the same as what she did then the current definition of feminism held by society would began to dissipate and reform. I find that using this is as a source would prove effective because it adds to the main objective of the shortcomings in feminism. While it is clear that though we have made several steps in the feminist movement, the movement it subjects self into internal torture by women not accepting the title because of its negative social connotations. Leber, Rebecca. The Gender Pay Gap Is Bad. The Gender Pay Gap for Women of Color Is Even Worse. New Republic. N.p., 14 Apr. 2015. Web. 07 Feb. 2017. This is an excellent piece written by Leber it shows in such greater detail of not just whats wrong with the way the world is viewed for women, but also how even amongst women there are gaps remaining even to this day. The wage gap is so prominent in America, we have problems on two fronts. Problem one is yes women in general are earning twenty-two percent less than men. The

Human Development Is Shaped By A Dynamic And Continuous...

Core Concept 1 â€Å"Human development is shaped by a dynamic and continuous interaction between biology and experience† (Shonkoff Phillips, 2000, p. 22). †¢ Children and their environments are continually influenced by each other (Shonkoff Phillips, 2000, p. 22). †¢ No environment is the same for any child. Even if they live in the same house, they will have different experiences (Shonkoff Phillips, 2000, p. 22-23). †¢ Children’s experiences will impact the levels of the brain’s blood supply, their cellular and intercellular makeup, as well as the neurochemical that is produced. Every experience a child has adds to or takes from the child’s development (Shonkoff Phillips, 2000, p. 22-23). Core Concept 2 â€Å"Culture influences every†¦show more content†¦That desire spans their life cycle (Shonkoff Phillips, 2000, p. 27). †¢ Early childhood skills can be gained by utilizing everyday objects. Children don’t need fancy toys to gain knowledge; they only need objects from their environment (Shonkoff Phillips, 2000, p. 27). †¢ Healthy growth and development is dependent upon the individual’s experiences that support growth (Shonkoff Phillips, 2000, p. 27). Core Concept 5 â€Å"Human relationships, and the effects of relationships on relationships, are the building blocks of healthy development† (Shonkoff Phillips, 2000, p. 27). †¢ Throughout the lifespan, human beings need to have healthy, intimate relationships, which leads to adapting to life successfully (Shonkoff Phillips, 2000, p. 27-28). †¢ The more a caregiver and young child are tuned into each other’s emotional cues and respond in a healthy, supportive way, the more likely the relationship will support healthy development in multiple areas, such as communication and cognition (Shonkoff Phillips, 2000, p. 27-28). †¢ Every child has the capability to attain developmental goals, but in various ways and conditions (Shonkoff Phillips, 2000, p. 27-28). Core Concept 6 â€Å"The broad range of individual differences among young children often makes it difficult to distinguish normal variations and maturational delays from transient disorders and persistent impairments† (Shonkoff Phillips, 2000, p. 28). †¢ Children varyShow MoreRelatedThe Movement Of Positive Psychology1151 Words   |  5 Pagesindividuals and communities to thrive and it is founded on the belief that people want to lead meaningful and fulfilling lives. Pain, suffering, and death can be integrated into positive psychology through the idea of what gives us meaning in life. As human beings we are always looking for meanings in our life and how we should live. We want to cultivate what is best within ourselves. 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Today’s Prejudice Racial Discrimination in Everyday Life free essay sample

Racial Discrimination in Everyday Life| Submitted By: Humphrey Osei Owusu| | | | Jo-Anne MacLellan SEC A 1000 Tutorial #09 | In the 1920’s, restaurants in the United States were not the same as the restaurants we visit today. Certainly there were servers to serve food and beverages expecting a tip as usual, but that is not what is different. Look toward the window, there is a sign written in big letters: WHITES ONLY AT THIS POINT. During this time, signs granting access to whites were common, but what does this mean for the races that are not white? Whether one can admit it or say otherwise, racial discrimination will always be part of modern society. The world has faced the issues of discrimination ever since the beginning of time. Discrimination can be defined as the prejudicial treatment based off of different categories. These different categories apply to religion, race, sexuality and gender. Since the earth was formed, the world has been brought up by race. After the discovery of race, the issues of discrimination start. An example of this is with the settlers of Europe. They looked down upon Native Americans as inferior to them. The Natives have been beaten and raped and forced to convert to Christianity by the force of Europeans. Still to this day we still struggle on the topic of discrimination. As mentioned earlier racial discrimination still exists, but we fail to realize that it is happening. Many people believe that discrimination has gotten better, but is it really? In the media, we hear reports about the treatment of minorities in the law. One race can be turned away for job even if they are more than qualified for the position. This paper will argue out of all minorities that experience discrimination, African-Americans experience it the worst. This paper will also explain that although individual discrimination is at a minimum, institutionalized discrimination still exists at an all-time high but heavily concealed. This paper will explore the means of affirmative action through the workforce and education system. It will also explain how people are unaware racial discrimination still exists in our education system, the workforce, and law enforcement What is institutionalized discrimination? Institutionalized discrimination is the indirect treatment of individuals by government, financial institution, schools, hospitals and other large organizations. This kind of treatment includes unfair distribution of rights or opportunities to a specific group. This kind of bias targets a race or religion and is part of the way society is structured. These kind of bias were not implemented by some bigot government, they are implemented by people who believe they are doing what they are instilled to do. But the fact of the matter is institutionalized discrimination has a negative effect on minorities who suffer it. Discrimination in the learning environment is more evident than ever. Education is not solely based on learning, but it is based on social learning, life experience and decision making. Unfortunately for one that is discriminated against, they may value the purpose less than one that is not a victim of discrimination. There are many stories where discrimination against African American students occurred and its effects on them. Ruby Bridges, the first black child to enroll in an all-white elementary school, is a prime example of this. Ruby endured shouting crowds spouting death threats and derogatory names plus the other children wanting nothing to do with her, making her feel isolated. Another modern example of discrimination is the well-known story taking place in Kentucky of a white teacher addressing a black student by the n word causing the teacher to lose his job. The discrimination that is brought on by teacher sends the idea to African Americans that they are not welcome in the school. Because of their past negative experiences in school it causes African Americans to do poor in school due to their lack of motivation. It is also proven that teachers are harsher with discipline on African American students, particularly harsh on boys. In 2012, the New York Times reported a study backing up that claim. The study consists on gathering statistics from 72,000 schools. After that, the results concluded that one in five black boys as well as one in five black girls were more likely to receive and out of school suspension than their white peers. These statistics are reasons why black students have lower scores in contrast to other races. Affirmative action is another policy of discrimination that is as controversial as racial discrimination. This was back in the 60s when black men and women were denied access into public bathrooms, restaurants and even drinking fountains. They were also denied opportunity for employment and education. The policy came in effect back in 1964 when Lyndon B Johnson signed the Civil Rights Acts of 1964. The motive behind this policy is to try to eliminate discrimination as much as possible by giving women and minorities a chance. After a few decades, affirmative action plays a role in college acceptances and employment offers. However the objective is now changed from its initial intentions of equality to now seeking retribution from how blacks were treated. This is how affirmative action can now be interpreted as reverse discrimination. Reverse discrimination is a type of discrimination in a minority group is biased against a majority group. Imagine a white student, who is trying to get into an elite university. This student has a 4. 0 GPA and has all the qualifications into being admitted. On the other hand, there is a black student, trying to gain admission into the same school with a 2. 0 GPA. However here is a quota that needs to be filled and the percentage of white students is higher than the percentage of blacks and other minority. If the quota has not been filled, that means the black student gets accepted to the school while the black student does not, thanks to affirmative action. Just like with the education system, affirmative action was implemented for minorities to have equal opportunities. Perhaps in the past, Affirmative action was beneficial. But as of the present time, it seems to create more problems. The ones who are for affirmative action believe the purpose is to seek over compensation for inequality. However, affirmative action tends to do more bad than it supposed to be good. For starters, it leads minorities to believe that they don’t truly qualify for a job. Besides the skills but got it solely based on their race, leading to feelings of inadequacy. Another problem with affirmative action is that one who belongs into the majority is punished for something they have nothing to do with. The white man is responsible for the scrutiny blacks endured, but an individual white man is not. There should be no reason that an honest white man should not be punished for past grievances. Like the phrase says â€Å"two wrongs don’t make a right† The inequalities against racial minorities happen to be a thing of the past. It seems like a power trip for minorities to take advantage of this so called policy promoting equality. Racial discrimination is rampant all over the workplace. Surely it is not as extreme as it is from the 1960’s, but it is not ignored. In 1964, the Civil Rights Acts of 1964 is signed by then president Lyndon B Johnson. The act outlaws discrimination based on one’s skin color, religion or sex while protecting the rights of African Americans as well as other minorities. It created the Equal Employment Opportunities Commission. However according to statistics, it is been proven that 36 percent of minorities experience mistreatment due to their ethnicity. According to an article an example of racial discrimination on the job is can be based off a first name. An experiment done in Boston and Chicago determined the more â€Å"black† ones name sounded, the chances of getting a callback were slim. To prove this, researchers sent out resumes to possible employers. Despite being the exact resume, one copy had a â€Å"black† sounding name such as Lakisha, while another copy had a â€Å"white† sounding name such as Emily. This experiment determined that â€Å"Emily† had a 50 percent chance of getting a callback even with an interview included. Discrimination as unfair as someone’s name is often kept in the dark. No one would hear on the news reporting a case of discrimination against a name that is as ethnic sounding like â€Å"Lakisha†. But it epitomizes what is wrong with institutional discrimination. Names are chosen for different purposes. Some of those reasons can be for culture, meaning, uniqueness or simply because they like the name. A company should not turn away an applicant for a reason as arbitrary as their name. Therefore one should not bear the scrutiny of having a â€Å"black† sounding name. The use of racial discrimination and law enforcement is the most controversial subtopic out of all three and the most portrayed by the media that black males are usually the target. This is a strategic method police officers use to harass African Americans because of stereotypes associated to their race. This act, better known as racial profiling, is a method used to target individuals for suspicion base off of skin color. Most people are familiar with the scenario with an African-American male driving a luxury car. From the perspective of a police officer, this man does not look wealthy, he is not even wearing a business suit, and chances are his car is stolen. This kind of tactic is an injustice to society, an act of discrimination and it also goes against of the Bill of Rights stating free from cruel and unusual punishment. One of the famous accounts of racial profiling comes from the well-known, yet controversial case of the shooting of Trayvon Martin. An unarmed teenager victimized of racial profiling by the neighbourhood watchman targeting him of suspicious behaviour which after a confrontation eventually leads to Martin’s death. The case is a reminder that the world has not come a long way from racial profiling. This is an unarmed teen minding his own business, unfairly being labelled as a troublemaker or in the words of the shooter â€Å"up to no good† As much as it is claiming to be non-existent or a thing of the past, the evidence is placed right in front of our faces. I can recall a few times as a kid when I would step into a convenience store with the intention of buying an item, and being watched from the corner of the store clerk’s eye or being subtly followed as I am being unfairly labelled a perpetrator. In conclusion, part of the name of this paper is titled â€Å"Does it still exist? † a question which pertains to the topic of discrimination. Society has come a long way in comparison to society nearly one hundred years ago. But despite society’s changes the answer to that question is a definite yes.. Racial discrimination, not only against African Americans, will always exist. It will always exist through institutionalized discrimination. Attempts can be made to lessen it, but it will always have its setbacks. Affirmative action is one of those setbacks, being disguised as a solution to racial inequality, but in actuality it should not be overly depended on. It is extremely hypocritical to claim that affirmative action promotes equality. When in actuality, the policy basically lowers standards for education and employment. Thereby giving an advantage to a minority group and that skin color is the reason why they have a college education or have a place in the workforce. Even though discrimination is wrong in the fields of education, the workforce and in law enforcement, it is still being practiced in certain countries. What I can take away from social science and race is that you cannot change the past but you can work on changing the future The source of discrimination is unknown, but as society continues to progress, the more open minded society becomes. One day, the future generation will learn not to judge whether one is good or bad based off of the color of their skin. Work Cited 1. Gerrard, Meg, Frederick X Gibbons, Ross E OHara, Ronald Simmons, and Chih-Yuan Weng. Perceived Racial Discrimination as a Barrier to College Enrollment for African Americans.   Personality and Social Psychology Bulletin  (2010): 77-89. Proquest. Web. 19 Mar 2013. 2. Krysan, Maria, and Amanda Lewis. THE UNITED STATES TODAY: Racial Discrimination Is Alive and Well.   M. E Sharpe Inc. 48. 3 (2005): 34-39. Print. 3. Barksy, Adam, , et al. Subtle Yet Significant: The Existence and Impact of Everyday Racial Discrimination in the Workplace.   SAGE journals. 56. 11 (2003): 1299-1324. Print. 4. Bertrand, Marianne, and Sendhil Mullainathan. Are Emily and Greg More Employable than Lakisha and Jamal? A Field Experiment on Labor Market Discrimination.   National Bureau of Economic Research. n. page. Print. 5. Sampson, William Alfred. INSTITUTIONAL DISCRIM INATION. Encyclopedia of Race, Ethnicity, and Society. 2008. SAGE Publications. 6 Aug. 2011. lt;http://www. sage-ereference. com/view/ethnicity/n289. xmlgt;.

The Music of Pyotr Ilyich Tchaikovsky free essay sample

One example of this is Tchaikovsky piece titled 1 812 Festival Overture Pop. 49. This piece starts very soft, and soothing with a string ensemble. Inwards, it switches between driving Brass/String movements, and back to lighter string ensembles. This continues throughout the piece until the Finale. This Finale is well know by many people, and may be the most recognizable in the world. Tchaikovsky even made it so that he could use live cannons (the heavy paean of choice in that time period) in his finale rhythmically in time.If you ask me, thats a pretty awesome feat to accomplish. Contrary to popular belief, many think that Tchaikovsky was a part of The Five (The five were Russian composers all from SST. Petersburg during the same period as Tchaikovsky); but in fact was the opposite of the group. In mid- to late-19th- century Russia, Tchaikovsky and The Five had differing opinions on the nature of classical Russian music, specifically whether it should follow western or native compositional practices. We will write a custom essay sample on The Music of Pyotr Ilyich Tchaikovsky or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Some of his work includes a symphonic poem titled Romeo Juliet, (Tchaikovsky was heavily inspired by Shakespearean work), The Festival Overture of 181 2 (my favorite), and three ballets; The Nutcracker, Swan Lake, and Marcher Slave. In total, Tchaikovsky wrote four concertos, six symphonies, and eight operas. He has written somewhere around 1 06 songs, and over a hundred piano works, covering the entire span of his creative life. Tchaikovsky used his own ideas of building tension within the music, and then releasing it in an explosion of emotion.The main way he did this was to use alternating harmonies and rhythms. He incorporated German Augmented Sixth chords, minor triads with added major sixths, augmented triads, and everything in between. People saw that he lacked development all throughout his work. But Tchaikovsky was not trying to follow the style of all other composers that many had heard. He in fact was creating his own sub-genre of intensely energetic music that ignored seamless flow and intensified emotion created by momentous bursts of enormous harmonies.

Analysis of Decision-Making Model Essays

Analysis of Decision-Making Model Essays Analysis of Decision-Making Model Essay Analysis of Decision-Making Model Essay We all make determinations of changing importance in the workplace every twenty-four hours. so the thought that determination devising can be a instead sophisticated procedure may at first seem unusual. However. surveies have shown that a big per centum of people are much poorer at determination doing than they think. An apprehension of what determination doing involves. together with an effectual techniques. will assist bring forth better determinations. Decision devising is the survey of placing and taking options based on the values and penchants of the determination shaper ( Harris. 1998 ) . Making a determination implies that there are alternate picks to be considered. and in such a instance we want non merely to place as many of these options as possible but to take the 1 that best tantrums with our ends. desires. life style. values. and so on. To make this I will use Rick Robert’s 7 Step Decision Making Model and use it to a recent work-related d etermination. I will besides depict how critical thought impacted this determination. The 7 Step Decision MakingModel by Rick Roberts has. you guessed it. seven different stairss. The first measure is to place the determination to be made. Under this measure. one will besides hold to find whether you are doing a pick between two or more options. The following measure is to understand yourself. What skills. involvements. values. and personality do you hold? The 3rd measure is to place the options. What are the current options and are there others available. Step four is to garner information and information. Take a expression at bing resources and place extra information and resources that may be needed. Step five is to measure the options. List the pro’s and con’s of each option. Identify the value and demands that are met by each. Acknowledge any hazards. present and future. involved with each option. The following measure. measure six. is to choose one of the options. If you don’t hold adequate information to choose one of the determinations. so reappraisal or revise one of the above stairss. The concluding measure is to plan a class of action to implement the determination. This 7 Step Decision-Making Model helped me with a recent determination that needed to be made at my occupation. I was offered a sidelong publicity. which would necessitate me to travel from one location to another. I used the different stairss to find whether I should accept the place. First I identified the determination that needed to be made and that I had two picks. whether I should accept this new place or non. Following I evaluated myself. Did I possess the accomplishments to execute this new occupation? Did the place tantrum with my personality? The 3rd measure determined my options. which were to accept the place or base on balls on the offer. My following measure was to garner all the information on the new place. I researched the occupation duties. radius with other employees who were executing the same occupation. and toured the new location that I would be working at. Following I evaluated the pros and cons of my determination. The pros were that I would be interacting with a new client base. spread outing my capablenesss as an employee and doing myself more marketable for a future publicity. the new environment was less nerve-racking. and I would be able to interact with other sections more. The cons of my new place would be that I would hold a longer distance to go to work. I would be unfamiliar with my new duties and would be larning from abrasion. and eventually I would be traveling into a smaller office. Following I moved on to step six and selected one of my options and decided to accept the place that was being offered. I so followed step seven by set uping a meeting with my supervisor and manager to rede them of my pick. Critical thought was really of import in doing this determination. since I needed to do a determination based on the benefits of my pick instead than allowing emotions guide me. Critical thought is make up ones minding rationally what to or what non to believe ( Norris. 1985 ) . Rick Robert’s 7 Step Model helped see that I looked at my picks from different angles and removed the factors that would non hold efficaciously influenced me. Decisions can be much more complex than they appear. Since our mundane lives and success is dependent on our ability to efficaciously place and put to death these determinations. it is indispensable that we find a method to this. I hope that Rick Robert’s 7 Step Decision-Making Model has given you a tool to hone this procedure.

Stress management Essay

Stress management Essay Stress management Essay We, as nursing professionals, are in the midst of caring for others on a daily basis. We are involved in implementing and evaluating the care plans that were developed for our patients, and oftentimes, this can take a toll on our well-being and cause stress. So what exactly is stress? The following is a synopsis of the history of our awareness of stress: Walter Cannon (1871–1945) pioneered the initial understanding of stress. He investigated the sympathetic nervous system as it reacts to heat and noticed that the body responds in a predictable sequence (Selye, 1956). Han Selye furthered Cannon’s work by defining stress as the "rate of wear and tear on the body" and stressors as the "causative agents of stress" (1956). Selye found that stressors may be physical, such as infection, injury, and pain, or may be psychological, such as fear, anger, and sadness. He identified what he called a general adaptation syndrome (GAS), whereby the body seeks to maintain homeostasis or balance. Lazarus enlarged our understanding of stress and the ways people deal with it when he observed that, when individuals view a new or evolving situation, they first decide whether it is a threat. He called this primary appraisal. Then, as individuals continue to monitor a threat, they evaluate their ability to cope with it by what Lazarus called secondary appraisal (1956). In this second step of appraisal, individuals may judge themselves unable to handle the situation and withdraw. Others, especially caregivers, are apt to believe they "should" be able to handle anything and attempt to do so no matter how great the cost. Seyle, Cannon, and Lazarus (Folkman, 1984) further recognized that stressors can lead to burnout and job fatigue if there are no coping mechanisms in place - this is especially true for the professional nurse. According to the American Nurses Association, nurses report that there are many factors that promote stress and lead to the classic â€Å"crash and burn† syndrome that many nursing professionals experience. The following are just some of the issues that nurses face that often contribute to stress: Anxiety related to demands of the job. Inefficient coping related to the lack of knowledge for job requirements. Spiritual distress related to the inability to find meaning or purpose in professional and personal life. Ineffective leadership ability; ineffective assertiveness training. Inability to motivate staff. Ineffective ability to balance work, family, and personal life. Lack of supervisory support. Poor co-worker relationships. These stressors can lead to the classic â€Å"burn-out† syndrome. Instead of persisting until this happens, nurses can learn more effective coping strategies, become self-aware, acknowledge their own limitations, and acquire emotion-focused and problem-solving skills (Selye, 1956). Likewise, managers can provide physical and emotional support for staff members because they value them and understand the stressful nature of their work. Nurses are strong at supporting patients and families through stressful situations, so perhaps they can simply adopt these same strategies for their own stressful battles. The following are several strategies that nurses can use combat stress: Learn to Identify Feelings Breaking through denial and admitting there's a problem is a step toward finding solutions to stress. Feelings can be named in one word: betrayal, guilt, anger, sadness, frustration, etc... Registered Nurses are trained to treat others with compassion, but unless they identify their own emotions, they can't generate compassion for themselves and begin to heal. Journaling, meditating and praying are strategies to help one get in touch with those deep rooted inner feelings. Similarly, interests such as poetry, gardening, working, animals, and painting are useful methods to unleash these deep rooted feelings. Consider the nurse who has just

Organizational Structure Paper Essay Example | Topics and Well Written Essays - 1250 words

Organizational Structure Paper - Essay Example In coming up with the right structure, organizations search for the one that is most effective in categorization of departments and relational coordination, which is essential to achieve optimal production levels. Wal-Mart has a three divisional structure for products. Their business categories are composed of Sam’s Club, Wal-Mart Stores, and International Stores. Approximately 20% of Wal-Mart’s business income is from their international segment, which is responsible for stores and restaurants in thirteen countries, including Sam’s Club and Wal-Mart Stores. By using a divisional structure, they are at an advantage since every division has the ability to focus on its specific objectives and goals, for example customers, service, and products (MacKenzie, 2008). By narrowing their focus, Wal-Mart is enabled to perform with more efficiency as they can locate particular areas that they should adjust or change as needed. Wal-Mart’s Organizational Structure Wal- Mart, as a major retail corporation, consists of stores that are spread all over the US, as well as the world, making them one of the largest retailers in the world. Because of the complexity that this comes with, it is essential that they have a well thought out and strong organizational structure. ... By having it this way, Wal-Mart was able to create a structure that suited their complex business operations and needs. Because of the many stores that Wal-Mart has all over the world, which are heavily dependent on the organization in order to run efficiently and effectively, this organizational structure allows them to improve their decision-making mechanisms by having managers who can deal with local issues and get the input of the overall executive managers (Brunn, 2012). Wal-Mart is also able to satisfy their customers through this structure since the different managers are able to come up with strategies that suit their local market, rather than overall strategies that may not be compatible. The matrix structure is just one of many diverse structures used by organizations. As mentioned, the organizational structure chosen by a specific company is dependent on the complexities of their business, as well as the requirements of managing their competencies. Apart from the matrix st ructure, there is the divisional organizational structure. This structure has its basis on the customer, products, and geographic location, which is unlike the matrix organizational structure that is based on reporting and who employees report (MacKenzie, 2008). These could be shift managers, general managers, and CEOs. In the divisional structure, the functional areas that compose an organization are divided into various divisions. Each of the divisions has resources that allow it to function independently. One example of a company using a divisional structure is GE, which has divisions like turbine division and microwave division, each with independent finance and marketing teams. Another type of structure is the functional structure, in which the organization groups various

Quality Statistics Project Example | Topics and Well Written Essays - 750 words

Quality - Statistics Project Example Still from Table II-A, the maximum locate number is located where the raw with N code letter intersects with 1.5 percent – this number is 14, which is the maximum locate number. To estimate the producer’s risk, we shall use binomial distribution Table. Since we shall require n = 15 as the sample size, we shall go to the row where n = 5. In the ‘x’ Colum, we shall select 2, assuming that we shall not allow more than two defects. To get the producer’s risk, we shall locate the value that corresponds to 0.05, which is the AQL - this value is 0.97. Therefore, the producer’s risk = 100-97 = 3% or 0.03. This is a two-tailed test because the null hypothesis will be rejected if the sample mean is either too large or too small – there are two outcomes that will lead to rejection of the null hypothesis. Considering the two-tailed test, we shall be interested in establishing whether the p-value is less than -2.5 or greater than 2.5 Using t Distribution Table, we find that P (t > 2.5) = 0.9885 and P(t < -1.77) = 0.9885 Therefore, p-value = 0.9885*2 =

The Impossible Budget Deficit Essay Example for Free

The Impossible Budget Deficit Essay In his article, â€Å"Trouble, Trouble, Debt, and Bubble,† Tabb (2006) writes that the United States is importing far more than it is exporting.   The high consumption of the United States is due mainly to the reason that the rich people of the country must maintain their upper class status and high standards of living.   But the country is not earning enough to support its expenditure.   At one time or another, the United States would also become unable to pay the interest on the foreign debt that it is using today to maintain its high consumption.    The country may become bankrupt at such time, and the rest of the world would suffer because it would not have the United States to buy its goods.   Ã‚  Ã‚  Ã‚   While the author’s analysis makes sense, I would not blame the upper class consumer in particular for maintaining high consumption.   I believe that the capitalist or the industry of the United States is equally responsible.   The author also mentions the relation of the U.S. dollar’s value to the global economy.   A decrease in the demand for U.S. dollars can lead to a depreciation of the value of the currency with respect to another country’s currency.   Indeed, the fall of the U.S. dollar would turn out to be a curse for the global economy, although it may benefit the U.S. economy for some time (Tabb).    By making U.S. exports cheaper to other countries, it would increase the aggregate demand for U.S. goods which would in turn give the United States the income that it needs to fuel high consumption.   The United States can hope to reduce its current account deficit and trade deficit through the decline of the dollar, for it is obvious that making U.S. goods and services cheaper to foreign importers may very well increase the aggregate demand of U.S. goods and services, thereby fueling the growth of the U.S. economy.   Still, the benefits to the U.S. economy may eventually be offset by a fall in the aggregate supply of foreign goods into the U.S. market, seeing as foreign nations would stand to lose by selling to the U.S. consumer market and facing a reduced dollar value in return.   Ã‚  Ã‚  Ã‚   Tabb does not offer real solutions to the problem that the U.S. economy is facing at present.   All the same, it is obvious that the entire global economy is in danger because of the troubles facing the United States economy.   Thus, Tabb’s article offers food for serious thought.   It is mind-boggling, yet essential to reflect on. References Tabb, W. T. (2006). â€Å"Trouble, Trouble, Debt, and Bubble.† Monthly Review, Vol. 58, Number 1. Retrieved Nov 25, 2007 from http://www.monthlyreview.org/0506tabb.htm.

The Adventures of Tom Sawyer :: essays research papers

The Adventures of Tom Sawyer, by Mark Twain B. This type of book is realistic fiction. C. The main character is Thomas Sawyer, a twelve year old boy, whose parents are dead. Tom lives with his aunt, Polly. Tom is busy either making trouble or thinking up new schemes. Another character is Huckelberry Finn, hated by all mothers and loved by all children. Tom is friends with Huck and they share many adventures together. Becky Thatcher, the daughter of a judge, who likes Tom but sometimes fights with him. Injun Joe is an indian who kills someone named Dr. Robinson and makes everyone believe that the real killer is a man named Muff Potter. Mr. Potter, a nice man, helps Tom and Huck to fish and fly kites. D. This story takes place in St. Petersburg, Missouri, in the mid-1800's. E. The main problem in this story is the many ways which Tom tries to avoid Injun Joe because as a witness to the murder of Dr. Robinson, Injun Joe is trying to kill Tom. Poor Tom also has to deal with being punished on a Saturday when he could be out playing. The last problem is how Becky and Tom will escape from a cave. II. Tom, Sid, Tom' half brother, and Tom's Aunt Polly were sitting down at the table eating supper. Aunt Polly asked Tom questions hinting that she suspected him of playing hooky and going swimming instead of going to school. Aunt Polly gave up but then Sid pointed out that Tom had a different color thread than the one Aunt Polly sewed on Tom's collar. Tom's punishment was to whitewash the fence, but Tom wanted to go out and play. Tom used reverse psychology to make his friends think that whitewashing was an honor and they even gave him trinkets for the honor of whitewashing the fence. At school, Tom meets a new girl, Becky Thatcher, daughter of Judge Thatcher. Becky and Tom both like each other but Tom mentioned that he was engaged to Amy, and Becky hated him for it. Tom and his friend Huck go to the cemetery with a dead cat, a supposed wart cure. While at the cemetery they see Injun Joe kill Dr. Robinson while blaming Muff Potter. Both Tom and Huck swear to themselves that they will not say a thing about the murder. One day when looking for treasures in a haunted house, Tom and Huck overhear Injun Joe talking with another man about finding treasures. Tom and Huck decide to track the men in order to find the treasures which the men hide in "the number 2".

Principles of Providing Admin Services Essay

Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used. FeatureHow / when used 1. Conference calls This makes it possible to speak to more than one person simultaneously. 2. Transfer Enables one to transfer a caller to another extension. 2. Prepare a brief report advising people on: How to follow organisational procedures when making and receiving telephone calls When making phone calls the caller should make sure he or she has all the questions they want to ask, its good practice to have a pen and paper handy to take messages and be ready to listen to the conversation attentively. When receiving a call answer after a certain number of rings, say the name of the company and branch if the organisation has multiple locations, listen carefully to the reason why the caller rang, and it’s important to smile when talking on the phone as it. The purpose of giving a positive image of yourself and your organisation when making and receiving telephone calls. If possible, use specific information from procedures in your own organisation (or one that you are familiar with). A positive image is vital for any business so opening and closing phone conversations is paramount and knowing how to deal with each caller efficiently. Using the right tone and language as well helps to portray a positive image for the business and for the individual and also shows how professional someone is. Section 2 – Understand how to handle mail 1. Explain the purpose of correctly receiving, checking and sorting mail and packages (both incoming and outgoing). Incoming mail †¢Open mail not private unless cleared to do so †¢Remove contents †¢Date stamp mail when received †¢Check and attach enclosures †¢Sort mail according to department †¢Mail is delivered or collected by different departments by designated staff and then put in the recipient’s in tray Outgoing Mail †¢Collect mail from each department †¢Deliver mail to the mail room at an agreed time †¢Sort mail into first, second, special and recorded delivery †¢Weigh letter or packages †¢Calculate postage costs Stamp or frank items at the correct cost †¢Take mail to an appropriate post box or post office It is of paramount importance for mail to be sorted properly within any business because failure to do so means †¢Loss of potential business †¢Short and long term loss of revenue †¢Workers unable t o complete tasks leading to unsatisfied customers and wasted time †¢Irritated suppliers when they chase up payments 2. Complete the table below with the following information: †¢At least two examples of internal mail services that are available to organisations †¢At least two examples of external mail services that are available to organisations Internal mail servicesExternal mail services 1. Intranet 1. Royal Mail 2. Secure pouches and bags 2. DHL 3. Describe two methods that you can use to calculate postage charges for mail and / or packages. †¢Taking weight and dimensions of the item. With this method ideally, what is required is the length, width, height and weight of the package and a price will be automatically worked out for you and this helps to provide an accurate price for postage. †¢Use of postage rate tables – this is used to set the amount you charge per postage by delivery method and destination. Costs can also be specified by international postage, either by region of specific country. Section 3 – Understand how to use different types of office equipment 1. Describe the main types of equipment found in offices and how they are used. Include examples of at least three different types of office equipment. †¢Computers – these provide a wide range of functions which make them useful for everyday situations. Once loaded with various software programmes a computer can perform various tasks from word processing, spreadsheets, database and even gaming. †¢Printers – used to produce copies of documents from the computer files. Photocopiers – used to make exact copies of any document from letters or certificates. With photocopying you can make one or multiple copies of the same document. 2. Explain the purpose of following manufacturer’s instructions when using equipment. †¢ This enables the user to get most out of the equipment, understand the equipment before use and. Not following the instructions could lead to health and safety risks, higher maintenance costs could be incurred by the user if anything goes wrong with it as warranties and guarantees could be void. 3. Explain the purpose of keeping equipment clean, hygienic and ready for the next user. For any organisation quality is of paramount importance so clean equipment produces better quality products and with deadlines and targets to meet time and resources will not be wasted. In some organisations (call centre) people have to share equipment like headsets so it’s always good practice to make sure it is cleaned after use and ready for the next person to reduce risk of infection and spreading of germs. Also, if other people don’t keep shared equipment or work stations clean this can have negative impact on the business as targets/deadlines won’t be met as this could be de-mot ivating for other staff members. Understand how to keep waste to a minimum in a business environment 1. Explain why waste should be kept to a minimum in a business environment. †¢Too much waste has a financial impact on the business in the long run. Too much money will be wasted to rectify the problem. For instance faulty machines can produce defective products. These defective products can pose to be a risk to the environment if not disposed off correctly can get the fined by authorities. And depending on the organisation, money spent of refunds especially on something that can be avoided causes loss of revenue. . Identify at least two main causes of waste in a business environment. †¢People in the business due to making mistakes †¢Materials and equipment 3. How can you keep waste to a minimum in a business environment? Describe at least two ways of doing this. †¢Using email as a way of communication more within the business. This will help reduce the amount of paper used. The good thing about t his as well is a database can be used to access all archived documents. †¢Energy efficiency is another good way of keeping waste to a minimum. Staff members should get in the habit of shutting down their computers after work and making use of motion operated lights Section 5 – Know how to make arrangements for meetings 1. Complete the table below listing at least two different types of meetings and describing the main features of each type of meeting. Type of meetingMain features Conference meetings This meeting is organised with high planning and structure, moderated by a chair person. The number of participants depends on the purpose of the conference. PresentationThese meetings are held generally to inform the team about any new changes made in processes and procedures. In this meeting there is a presenter or two and in the end, the attendees have the opportunity to ask questions. 2. When arranging a meeting: †¢What sources and types of information are typically needed? -Date of the meeting -Start and finish times of the meeting -Venue and agenda of the meeting -Attendance list -Minutes from previous meeting -Reports for consideration in the meeting -The desired outcome for the meeting †¢How should meetings be arranged? -Find out about the meeting brief -Confirm venue, catering and equipment requirements -Produce the agenda and meeting papers Invite attendees and send them the agenda -Confirm attendance -Make sure attendees’ needs are met -Make amends to correct any needs for requirements like catering -Collate and dispatch papers for the meeting within agreed time scales -Produce spare copies of meeting papers -Arrange the equipment and layout for the room – Make sure attendees have a full set of papers -Take accurate notes of the meeting including attendance -Provide information and support when required -Produce a record of the meeting -Seek approval and amend the meeting record as necessary Circulate the meeting record to agreed time scales Section 6 – Understand procedures for organising travel and accommodation arrangements 1. Explain the purpose of confirming instructions and requirements for business travel and accommodation. †¢It ensures that no mistakes have been made during the process †¢Helps clear out any misunderstandings so it’s important to always check the facts with the relevant people so that everything is done correctly from the onset. †¢It ensures that individuals arrive on time for meetings or appointments. 2. Complete the table below with an outline of the main types of business travel and accommodation arrangements that may need to be made and the procedures that should be followed when doing this. Travel and accommodation arrangementsProcedures TransportBook flights, train tickets on time. If using own transport from airport have a taxi booked as well Long check in flights may be required with international flights Accommodation Book hotel for the appropriate dates Cost of room Meals – which ones are included Location of hotel Money Arrange travellers cheques or foreign currency before the trip Insurance travel Travel information Confirm with the traveller that itinerary and documents meet the requirement Maps 3. Explain the purpose of keeping records of travel / accommodation arrangements in a business environment. †¢This simply shows organisation and efficiency for the business as this information will be easy retrieved when needed again †¢It makes it easy to account for things and the expenditure can compared with and reviewed against a budget †¢This will enable the business to ascertain which areas they need to save money on. Section 7 – Understand diary management procedures . Briefly explain the purpose of using a diary system to plan activities at work. Give at least two reasons. †¢It helps keep a record of business schedules, activities such as meetings and appointments. And in a business environment it is vital in case someone is not well, colleagues can easily take a look at what you had planned for the day and what is a priority for the working day and sort it all out. †¢For example, a diary helps to -Manage ones’ time -Note down tasks and tick once completed. 2. Identify the information needed to maintain a diary system in the workplace. In the workplace, the following is required -Who the meeting/interview is with -What the meeting is about -When it is -Where its being held -Why the meeting is being held Section 8 – Understand the purpose of delivering effective customer service and how to do so 1. What are the differences between internal and external customers in a business environment? †¢Internal customers are people or departments in the same organisation as the service provider. For example marketing department is an internal customer of the IT department because it uses IT services. External customers are people who are not employed by the organisation or organisation that are separate legal entities that purchase services from the service provider. When a service provider charges for services and paid real money or exchange or services or products. 2. Explain why customer service should meet or exceed customer expectations. †¢Meeting or exceeding customer expectations automatically enhances t he business reputation, first time customers will end up being loyal customers, increased sales and more referrals from satisfied customers who bring in additional business by word of mouth. Include at least three reasons in your answer. †¢High quality products at a competitive price †¢Fast, efficient and accurate service †¢Trained staff that can handle their questions without referring them on 3. Explain the importance of building positive relationships with customers. †¢Positive relationships are good for the business as this will have a good impact on the business and provides more public awareness with other potential customers. Ideally, the business should not promise something that they can’t deliver, treating each customer as an individual and where appropriate use customer names. Outline two ways in which this can be achieved. †¢Mutual respect between both parties †¢Keeping clear communication channels open 4. How do customers demonstrate their own needs and expectations? -Customer complaints is a way of customers to offer a very clear insights in what they need and what they expect -To demonstrate their needs an organisation must design a system and procedures to help produce desired outcomes to meet the above -Asking questions -Body language -Active listening

Journal on Poems Essay

The poem portrays the definitions of sanity and madness. However, these definitions vary from the perspective of people and the surroundings as pointed out in the second line. In other words, the poem points out that for certain people, something normal is considered insane and vice versa. 2. The Road Not Taken by Robert Frost Basically, for me, the poem depicted a common experience in life wherein one makes a choice between two things and then wonders what could’ve happened had he or she took the other option. The situation shown in the poem reflects a reality that everyone faces in life which is making a choice and standing by that decision. However, as illustrated in the poem, despite the choices people make regarding, for example, careers and business ventures, there will also be times that one doubts whether he or she made the right decision or not. 3. Design by Robert Frost The poem basically illustrates that most of the time the world’s beauty can be appreciated through observing the natural things such as the spider and the moth. In addition, as the title suggests, life is basically a design. It is natural for a spider to eat the moth as it was designed to do so. However, since the spider killed the moth, the author also wonders why the â€Å"designer† allows such a thing to happen. In short, while the author acknowledges the beauty natural order of things, he also questions why horrible events, such as death, happen. 4. Mending Wall by Robert Frost Initially, the poem suggests that there are no need for walls between neighbors as this suggests division. However, at the end, although the speaker in the poem still did not favor the construction of a wall between him and his neighbor, he acknowledged the fact that walls are important as these set boundaries and limitations. Basically, the poem also illustrates that in real life, â€Å"walls† or boundaries, which are best exemplified by laws and rules, are necessary to maintain order. 5. Cross by Langston Hughes The poem clearly depicts the speaker’s confusion about his identity. As the title of the poem says, the speaker is a â€Å"cross† between a white man and a black woman and is confused about his true identity. He also wonders if he would share the same fate of his mother and father and yearns to know where he really belongs to. The poem also depicts two realities in life which are discrimination and racism. Basically, the poem suggests that if these two did not exist, the speaker would not have to long for acceptance and would not have to search for his identity.

Illustrator Paper essays

Illustrator Paper essays Tomie dePaola is a very popular childrens book author that writes and illustrates his own books. Although dePaola has dozens of books written and illustrated by him, many of his books illustrations are similar. In a sample of three of his books, Pancakes for Breakfast, Tom, and Strega Nonas Magic Lessons, his characters look very much alike and his styles are similar. However, there are some elements from each book that differs from each other. In all three books, dePaola uses all kinds of lines, jagged, straight, thick, thin, and soft to do a couple of different things. First of all, characters in all 3 of his books are very simple. Their faces and their emotions are expressed through simple lines and shapes. Although they are not complex, you are able to see what the characters are thinking and feeling simply by looking at how dePaola composes his lines. Second, in Pancakes for Breakfast, he used bumpy lines to show slopes and hills and jagged lines to draw shapes of tree branches. In Strega Nonas Magic Lessons, dePaola used a lot of curvy lines on his characters. He did a good job of showing the characters more full body shapes through use of curvy lines rather than straighter lines. Third, dePaola also uses his lines to create texture in Pancakes for Breakfast, but not so much in Strega Nonas Magic Lessons and Tom. For example, in Pancakes for Breakfast, he does a very good job of using criss cross lines to sh ow how barn walls are textured, and he did a really good job of using lines to show the rough texture of hay in the barn. Lastly, in Strega Nona, dePaola uses softer lines and shadows to show depth in his illustrations. In all three of the books examined, dePaola uses a lot of colors to engage the young reader. However, all three books had different color schemes. For example, in Strega Nona, he used a lot of mixed colors. He used different shades of ...

Biography of Joseph Conrad, Author of Heart of Darkness

Biography of Joseph Conrad, Author of Heart of Darkness Joseph Conrad (born Jà ³zef Teodor Konrad Korzeniowski; December 3, 1857 - August 3, 1924) was one of the greatest English-language novelists of all time, despite the fact he was born in the Russian Empire to a Polish-speaking family. After a long career in the merchant marine, he eventually settled in England and became one of the most prominent novelists of the early 20th century, writing classics such as Heart of Darkness (1899), Lord Jim (1900), and Nostromo (1904). Fast Facts: Joseph Conrad Full Name: Jà ³zef Teodor Konrad KorzeniowskiOccupation: WriterBorn: December 3, 1857, in Berdychiv, Russian EmpireDied: August 3, 1924, in Bishopsbourne, Kent, EnglandParents: Apollo NalÄ™cz Korzeniowski and Ewa BobrowskaSpouse: Jessie GeorgeChildren: Borys and JohnSelected Works: Heart of Darkness (1899), Lord Jim (1900), Nostromo (1904)Notable Quote: The belief in a supernatural source of evil is not necessary; men alone are quite capable of every wickedness. Early Life Joseph Conrads family was of Polish descent and lived in Berdychiv, a city now part of Ukraine and then part of the Russian empire. It is located in a region that the Polish sometimes refer to as the Stolen Lands, since it was taken from the Kingdom of Poland. Conrads father, Apollo Korzeniowski, a writer and political activist, took part in the Polish resistance to Russian rule. He was imprisoned in 1861 when the future author was a young child. The family endured exile to Vologda, three hundred miles north of Moscow, in 1862, and they were later moved to Chernihiv in northeast Ukraine. As a consequence of the familys struggles, Conrads mother, Ewa, died of tuberculosis in 1865. Apollo raised his son as a single father and introduced him to the works of French novelist Victor Hugo and the plays of William Shakespeare. They moved to the Austrian-held section of Poland in 1867 and enjoyed more freedom. Suffering from tuberculosis like his wife, Apollo died in 1869 leaving his son an orphan at age eleven. Conrad moved in with his maternal uncle. He was raised to pursue a career as a sailor. At age sixteen, fluent in French, he moved to Marseilles, France, to look for a career in the merchant marine. Merchant Marine Career Conrad sailed for four years on French ships before joining the British merchant marine. He served for fifteen more years under the British flag. He eventually rose to the rank of captain. The elevation to that rank came unexpectedly. He sailed on the ship Otago out of Bangkok, Thailand, and the captain died at sea. By the time the Otago arrived at its destination in Singapore, the entire crew except Conrad and the cook were suffering from fever. Photo circa 1960: A bust of Joseph Conrad as a figurehead on the prow of The Joseph Conrad, a training ship built in Copenhagen in 1882. Three Lions / Getty Images The characters in Joseph Conrads writing are mostly drawn from his experiences at sea. Three years of association with a Belgian trading company as captain of a ship on the Congo River led directly to the novella Heart of Darkness. Conrad completed his final long-distance voyage in 1893. One of the passengers on the ship Torrens was 25-year-old future novelist John Galsworthy. He became a good friend of Conrad shortly before the latter began his writing career. Success as a Novelist Joseph Conrad was 36 when he left the merchant marine in 1894. He was ready to seek a second career as a writer. He published his first novel Almayers Folly in 1895. Conrad was concerned that his English might not be strong enough for publication, but readers soon considered his approach to the language as a non-native writer an asset. Conrad set the first novel in Borneo, and his second, An Outcast of the Islands, takes place in and around the island of Makassar. The two books helped him develop a reputation as a teller of exotic tales. That depiction of his work frustrated Conrad, who looked to be taken seriously as a top writer of English literature. Handwritten and typed letter from Joseph Conrad to Ford Madox Ford. Culture Club / Getty Images During the next fifteen years, Conrad published what most consider the finest works of his career. His novella Heart of Darkness appeared in 1899. He followed it with the novel Lord Jim in 1900 and Nostromo in 1904. Literary Celebrity In 1913, Joseph Conrad experienced a commercial breakthrough with the publication of his novel Chance. Today it is not viewed as one of his best works, but it outsold all of his previous novels and left the author with financial security for the rest of his life. It was the first of his novels to focus on a woman as a central character. Conrads next novel, Victory, released in 1915, continued his commercial success. However, critics found the style melodramatic and expressed concern that the authors artistical skills were fading. Conrad celebrated his financial success by building the house he called Oswalds in Bishopsbourne, Canterbury, England. Personal Life Joseph Conrad suffered from a range of physical maladies, most of them due to exposure during his years in the merchant marine. He battled gout and recurrent attacks of malaria. He also struggled occasionally with depression. In 1896, while in the early years of his writing career, Conrad married Jessie George, an Englishwoman. She gave birth to two sons, Borys and John. Joseph Conrad and Family. Time Life Pictures / Getty Images Conrad counted many other prominent writers as friends. Among the closest were future Nobel laureate John Galsworthy, American Henry James, Rudyard Kipling, and collaborator on two novels, Ford Madox Ford. Later Years Joseph Conrad continued to write and publish novels through his final years. Many observers considered the five years after World War I ended in 1919 the most peaceful part of the authors life. Some of Conrads contemporaries pushed for recognition with a Nobel Prize for Literature, but it was not forthcoming. In April 1924, Joseph Conrad turned down the offer of a British knighthood due to his background in Polish nobility. He also turned down offers of honorary degrees from five prestigious universities. In August 1924, Conrad died at his home of an apparent heart attack. He is buried with his wife, Jessie, in Canterbury, England. Legacy Shortly after Joseph Conrads death, many critics focused on his ability to create stories that illuminated exotic locales and to humanize sordid events. Later analysis has focused on deeper elements in his fiction. He often examines the corruption that lies just beneath the surface of otherwise admirable characters. Conrad focuses on fidelity as a crucial theme. It can save the soul and wreak terrible destruction when it is breached. Conrads powerful narrative style and the use of anti-heroes as main characters have influenced a wide range of great writers of the 20th century, from William Faulkner to George Orwell and Gabriel Garcia Marquez. He paved the way for the development of modernist fiction. Source Jasanoff, Maya. The Dawn Watch: Joseph Conrad in a Global World. Penguin Press, 2017.

Vodun and African culture Essay Example | Topics and Well Written Essays - 250 words

Vodun and African culture - Essay Example They believe there exists a hierarchy of inferior creations, the vodun that vary in strength from Superior deities that govern nature forces and societies of men to the individual streams’ spirits, rocks and trees, an expression considered sacred. Another belief is that God cannot contend with the humans, which makes the Vodun the core of religious life. This element of Vodun religion bears a resemblance to Trinity and angles and saints intercession-making Vodun very compatible with Catholicism and generally Christianity. A strong syncretistic Haitian Vodou was conceived as a result. Tying of souls is another phenomenon in Vodun. They believe in tying a soul in something tangible and physical (Robinson, pg. 72). A person is linked to another person using a soul tie, which commonly links the living and the dead and it is a form of a curse. The key and core Vodun aspect is performing healing to the people from illnesses. Houngans and Mambo arguably have a dominant role in healing. Healing performed in Vodun is a combination of faith healing (using Iwa’s help and some other spirits), herbal medicine, and the western medicine is gaining popularity in many Vodun healing practices (McGee. pg. 28

Government funding for education Essay Example | Topics and Well Written Essays - 1500 words

Government funding for education - Essay Example Therefore, we come to the million dollar questions: How much is today’s government giving to the educational sector? How is the money distributed? Is it enough or more is needed? More importantly, why is government funding so important? First is the State Nursery School, which caters preschool students up to five years. These are usually attached to a primary school, run by the local education authority and are free (BBC, 2009). These centres are essential for high quality early learning and care for children. Realizing the importance, the government has announced extra funding for Nursery Schools in the form of free study hours. News headings flashed across the screens of all leading news channels around the globe in not so recent past: â€Å"Childrens Minister Beverley Hughes has pledged  £340m to extend the entitlement from 12.5 to 15 hours a week† (BBC, 2007). Second and Third Levels are occupied by Primary Schools and High Schools. They, too, are a part of public education. According to the Encyclopaedia Wikipedia, public education is defined as: â€Å"Education mandated for or offered to the children of the general public by the government, whether national, regional, or local, provided by an institution of civil government, and paid for, in whole or in part, by taxes. â€Å" These schools are funded by the Central Government through the local authority according to a range of formulae based on the number and range of each school’s pupils. This is commonly known as delegated funding. Lots has it been put into the development of education at this level. In June 2002, the minister of Education and Young People announced a 1.15 billion package of investment through fifteen public private partnership projects to build schools. In March of 2003, a further of 748 million was pledged to the above mentioned investment package (SEED, 20 04). Next comes the higher education-college and

Business correspondence Essay Example | Topics and Well Written Essays - 750 words - 1

Business correspondence - Essay Example Some of the issues include stress management and communication between the workers. The reduction of pressure on the employees is also suitable in the reduction of the probability of the harmful aspects happening within the business environment. The Mediatization process refers to the process of research especially in the media mediums with the aspect of being up to date with the dealings in the real world. The procedure is crucial in the construction industry in an instance of revolutionizing the industry. The management of any construction firm is thus in a need to study on a new architecture that the new world is demanding in an attempting of attaining an additional benefit in the construction market. The perspective is also the source of all innovations in the construction industry since there is a possible fusion of the various designs that are prevalent. On the other hand, the research of the media industry gives the management of the construction the most recent changes in the prices and thus planning becomes easy. The budgeting of every activity is made easy through the process of Mediatization. The other issue is the linking of the construction business with the commercial world. The aspect involves the marketing of the services that entail the construction sector. The perspective will enable the construction management to notify the world of the gap that exists in the market and the role the construction business has in solving the problem. The instance is thus the primary procedure that determines the sales of the construction industry. The construction management should, therefore, take into consideration the need to link with other commercial institutions such as advertising agents. Furthermore, the auxiliary services such as the banking industry and the insurance are essential to the construction company since they provide finance that makes the activities of the construction firm through investment. The safety education in

My Grandparents Essay Example for Free

My Grandparents Essay One favorite place from my childhood that I remember fondly is my grandparents house. On one hand, its marvelous location is unforgettable to me. On the other hand, I have a lovely remembrance of all the fun activities my family and I did there. In addition, other memories include the delicious meals we enjoyed there. To begin, it had a marvelous location. My grandparents house was in Punta Cuna, one of the eastern beach cities in the Dominican Republic. The house was very near to the beach, on the top of a hill: for that reason, a fresh breeze was always blowing. It was surrounded by beautiful gardens and a huge back yard with many fruit trees on which lived a lot of birds that would delight with their trills. The view from all of the windows, which included the sea or the backyard, was marvelous. Also, my sisters and I could see the sunrise from the portal. Being a woken up by the sound of the neighbor rooster was my favorite. Not to forget the different aromas coming from the prevalent peddlers made you just want to savor all the different bouquets coming there my little pink bedroom window. In addition, my grandparents planned a lot of activities to keep us amused. We and our friends used to go to the beach every morning, and sometimes we went in the afternoons too. We played a lot of board games such as dominoes, canasta, continental and monopoly. Also, we used to play outdoors for example we did races, played hide-and-seek, and took refreshing hose showers at the backyard. My grandfather would send us out on mini scavenger hunts around the yard for different things he would hide. While we would search for them he would change them locate and then yell out â€Å" Your so freezing cold ; wrong direction† in creole, then start laugh. My grandmother would take us with her on occasion to the Marche aux Puces and we would go around and view the different Merchants who enticing fragrance would wake me up in the morning. At night we would lay under the stars in the backyard and enjoy what we bought from the Marche aux Puces. Last but not least, was the exquisite meals that we ate there. My grandfather was a wonderful cook, and he used to prepare tasteful dishes for us. We tried vegetables, seafood, and all kind of meat made for him. Sometimes, my grandparents and we went out to dinner and could taste a wide variety of meals. The beautiful location left indelible marks in our minds. The amusing time that we passed there is unforgettable. I never try again a meal with the delicious taste of my grandfathers meal. For all of that, my grandparents house was in my memory as the most favorite place that I visited during my childhood.

Child Abuse: Frank and Ileana Fuster :: essays research papers fc

The term child abuse was once as rarely heard as that of pink elephants. However rare the term has once been, it is now a term used consistently throughout the news and various other publications today. Along with the progressing decline in society's morals, has come the rapid increase of crime. One such crime is child abuse. Although child abuse is common, the act is defiling. As a result of the abuse, children who fall victim to this often need psychological treatment and counseling. Often, the child is never the same as he or she once was before. The dictionary defines child abuse as: "the physical, or emotional, or sexual mistreatment of children" (Dictionary.com). Everyday thousands of children are the victims of this abuse. The abusers range from parents, friends, total strangers, to even day-care workers. One case involving the abuse of children in their care is that of Frank and Ileana Fuster. The two were accused in 1984 of molesting children in their home. Frank was a 36-year-old Cuban immigrant and was married to 17-year-old Ileana who was Honduran. Frank and Ileana Fuster were residents of Country Walk, Florida where they held a home-based babysitting service (Pendergrast). The case was then known as "Country Walk" because of the city in which the two, Frank and Ileana resided. "The case began when a 3-year-old boy asked his mother to "kiss my body" when she was giving him a bath. He said, "Ileana kisses all the babies' bodies." The mother became concerned and reported the comments to the Dade County child protection authorities ("A Summary of the Frank Fuster..." NP). Fuster seemed to be living the American dream before the accusations were presented against him. Frank and Ileana were newly weds, owned a new home in the suburbs and a landscaping business that was doing well. However, Frank was not living the American dream. He was still on probation for a 1982 child molestation conviction for fondling a nine-year-old girl and manglaughter, for shooting a man after a traffic accident ("Debunking Frontline's Did Daddy Do It?" NP). Frank had been "arrested on September 21, 1982 for lewd and lascivious assault on a minor - a nine-year-old girl whose breasts and genitals Fuster fondled while driving her home. The jury heard from the girl, who was cross-examined at length. They found her credible and convicted Fuster" ("Fuster's Manslaughter Conviction" NP). Child Abuse: Frank and Ileana Fuster :: essays research papers fc The term child abuse was once as rarely heard as that of pink elephants. However rare the term has once been, it is now a term used consistently throughout the news and various other publications today. Along with the progressing decline in society's morals, has come the rapid increase of crime. One such crime is child abuse. Although child abuse is common, the act is defiling. As a result of the abuse, children who fall victim to this often need psychological treatment and counseling. Often, the child is never the same as he or she once was before. The dictionary defines child abuse as: "the physical, or emotional, or sexual mistreatment of children" (Dictionary.com). Everyday thousands of children are the victims of this abuse. The abusers range from parents, friends, total strangers, to even day-care workers. One case involving the abuse of children in their care is that of Frank and Ileana Fuster. The two were accused in 1984 of molesting children in their home. Frank was a 36-year-old Cuban immigrant and was married to 17-year-old Ileana who was Honduran. Frank and Ileana Fuster were residents of Country Walk, Florida where they held a home-based babysitting service (Pendergrast). The case was then known as "Country Walk" because of the city in which the two, Frank and Ileana resided. "The case began when a 3-year-old boy asked his mother to "kiss my body" when she was giving him a bath. He said, "Ileana kisses all the babies' bodies." The mother became concerned and reported the comments to the Dade County child protection authorities ("A Summary of the Frank Fuster..." NP). Fuster seemed to be living the American dream before the accusations were presented against him. Frank and Ileana were newly weds, owned a new home in the suburbs and a landscaping business that was doing well. However, Frank was not living the American dream. He was still on probation for a 1982 child molestation conviction for fondling a nine-year-old girl and manglaughter, for shooting a man after a traffic accident ("Debunking Frontline's Did Daddy Do It?" NP). Frank had been "arrested on September 21, 1982 for lewd and lascivious assault on a minor - a nine-year-old girl whose breasts and genitals Fuster fondled while driving her home. The jury heard from the girl, who was cross-examined at length. They found her credible and convicted Fuster" ("Fuster's Manslaughter Conviction" NP).

John Locke Paper

Throughout the 17th century, John Locke presented society with his teachings and theories that clarified the order of natural law and fulfilled humanity’s divine purpose for living. It all began in 1647, as a young boy when he attended the prestigious Westminster School in London under the sponsorship of Alexander Popham. During his years at the Westminster School, he found the work of modern philosophers more interesting than the material being taught at the university.Much of Locke's influence and later work was characterized by opposition to authoritarianism, which focused on both the level of the individual person and on the level of institutions such as government and church. Locke wanted each of us to use reason to search after truth rather than simply accept the opinion of authorities or be subject to superstition. He wanted us to proportion go along with the proposition to the evidence for them. Locke came to the conclusion that there must be a balance and mutual under standing between individuality and social institutions where society will not feel suppressed under man made law and restrictions.John Locke believed that all knowledge comes from experience. Experience is composed of two parts: external and internal. External experiences are ideas of supposed external objects. These objects enter our minds through sensation. Examples of sensations would be hot, cold, red, yellow, hard, soft, sweet and bitter. Internal experiences are reflections that make us understand the operation on the objects of sensation. Examples of reflections are thinking, willing, believing, doubting, affirming, denying, and comparing.Once again Locke goes back to his foundation of principles by reaffirming that in order to achieve success and sensation there must be a working relationship between individual goals and the law of society. Sensation and reflection are called the two fountains of knowledge. All of our ideas we can naturally have or have so already come from these two experiences. Sensible qualities convey into the mind, and they produce most of the perceptions and most of the great sources of ideas we have.Sensation and reflection differ from each other because sensation is what happens outside the body, and reflection has to do what happens inside the body with our mind. Also reflection has to do with the ideas it affords being such only as the mind gets by reflecting on its own operations within itself, the mind takes over its own operations and the manner of them. Besides having sensible qualities one also contains primary and secondary qualities. Locke explains that these qualities are two kinds of properties that an object could have.Primary qualities contain solidity, figure, extension, motion and number. They are properties that are objective and independent on senses. On the other hand, secondary qualities consist of color, smell, taste, sound and touch. They are properties that are subjectively perceived. In Locke’s, An Essay Concerning Human Understanding, he states, â€Å"sensible qualities; which, whatever reality we by mistake attribute to them, are in truth nothing in the objects themselves, but powers to produce various sensations in us†¦Ã¢â‚¬  (John Locke, 77).In other words, secondary qualities are dependent on the primary qualities. According to Locke, ideas are anything that is â€Å"the immediate object of perception, thought, or understanding† (William Lawhead, 91). Locke states that sensation and reflection are classified as simple and complex ideas. Simple ideas are red, yellow, hard, soft, etc and for example, you touch an ice cube, your mind is telling you its cold and it’s hard, you learn that from experience. Locke believed that the mind cannot know an inexperienced idea or create a new simple idea.Although the mind cannot create simple ideas, it can process them into complex ideas. Complex ideas are made up of several simple ideas, such as beauty, gratitude, a man, an army, the universe. Complex ideas are also broken down into three parts: ideas of substance which is a constant collection of simple ideas, ideas of mode which is a combination of several ideas, which form a mode, like a triangle, last but not least ideas of relationship, which is a comparison of one idea to another.From experience it goes to sensation and reflection, and those are based on simple ideas and that’s all contained in the passive mind, after simple ideas it goes to complex ideas and that’s located in the active mind. Overall in Locke’s theory he uses epistemological dualism, which is the mind that consists of knowing and its ideas. He also states the object in the external world is known by ideas, and our ideas represent those objects. After researching about Locke’s theory of knowledge I would have to agree with what he has stated.Locke states that you go through an internal and external experience and I feel that today’s y outh do go through the motions of the internal and external experiences. As a result the youth are able to gain the knowledge from those experiences by allowing the mind to willingly accept these new ideas. For example, when I was younger I put my hand near a hot stove and from the heat irritating and pressuring my hand my mind told me it was a negative stimuli and it was essential to remove my hand from the stove and to keep that memory as a basic instinct.Society goes through experiences throughout life of internal and external and eventually gains knowledge through these experiences. John Locke also stated that the mind does all the knowing and its ideas are known. I agree with what he is saying because your mind is always working, it’s always active, we receive ideas internally through our mind and we receive ideas from the outside that goes into our mind. The balance is necessary between internal and external factors to keep society and individuals stable and yet progres sive to adapt to new changes that rise up.

Consumer Behaviour with context to E-Commerce

There has been a tremendous rise and increase in the e-commerce. E-commerce refers to Electronic commerce which includes buying and selling of goods carried out electronically mostly on the Internet and World Wide Web. E-commerce concept Is In its full swing in India. The people of India have welcomed the E-commerce concept. There is continuous increase in the buying and selling of goods on the Internet. Cryptographic Segmentation of Indian People And E-commerce Segmentation is dividing the market In to different segments In order to select the argent customers.Market can be segmented on various bases. Cryptographic Segmentation is done on the basis of lifestyle of the people. In India there been a continuous change in the lifestyle of the people found depending upon the new trend. There is a vast effect and attraction of the western culture on the lifestyle of people. In India the lifestyle of the people Is deferent from people that live in the cities and that in the village. The li festyle of the people living in cities is far more advanced than villagers due to higher facilities and the adaptability of the quicker hang by the urban population.The E-commerce sector had made a very good use of this segment. The people In clues easy and quick access to Internet and there Is also a large use of internet found in this place. They readily and quickly accept the new trends In fashion. The latest clothing trends seen in the movie or any of the glamour world personality is rightly kept in to sell by the shopping sites like Gabon, Mantra, and Shopper's etc. For Ex-: Lean, Margins and Varian Divan these popular young superstars of plywood followed and liked youngsters were selected s brand ambassador of Gabon.Also various imitation Jewelry is being sold online keeping in mind the likings of urban ladies who enjoys wearing new patterns of jewelry. Jaywalkers. Com is an example of such a shopping site where only Jeweler Is being sold. Also in order to wait in long lines a nd going out for having your favorite fast food giants like Pizza Hut, Domino's, Sub Way and various other have enabled online ordering. The availability of the products of various International brands like Emperor Airman, Role and other luxurious brands shows the sign of success of e-commerce.Looking at the lifestyle of urban citizens who like to have dinner out every weekend the coupon's are made available at sites like Group of big v star hotels like Grand Hyatt, which offer weekends buffet dinners. Demographic Segmentation of Indian People and E-commerce In Demographic segmentation the market is segmented on the basis of the Age, Gender, Education, Religion, Nationality, Income, Social Class etc. Starting with the major head Age It has been found that it Is the young generation vastly use Internet on their laptops and mobile phones.They are also the biggest fashion crazy people OFF Gabon, Mantra and Jungle. On the basis of the gender also a separate segment for men, women and ch ildren's can be found on the sites like eBay, Amazon etc. Also there are sites like www. Sheepishness. Com are only for ladies. Keeping in mind the cultural and religious thought and its heavy impact on the Indian customers there are various products like beautiful lightings being sold at the time of dalai also colors and Pushchairs are being sold at the time of Hold.Even idols of god are being made available and the clothing at various festivals such as China Chili and Karts t the time of Invariant etc. For Ex-:Trades. Com Conclusion Various other factors that stand to the success of e-commerce in India are the positive thought in the minds of the people about the originality of the product, also giving the trial option, warranty and cash on delivery and cash back guarantee increases the faith in customers and encourage them to buy online.It has been also perceived that the online price is less as compared to the retail outlets due to the eradication of middlemen in between. Also l ooking at the rush at various public laces in cities as well as villages the government has also enabled online booking of tickets, voter ID cards and passport application facility on the internet. Anus 2-: Marketing Mix is the combination of elements of marketing and the role played by each and every element in the process of marketing There is difference in the behavior of a customer from a city and from that of a customer of a village.Product The villages buy with concept of fulfilling Just necessity and the urban people buy with the concept of fulfilling necessity and also for standard, wish, pleasure and comfort. The products that would be kept for sale in to villagers will mostly comprise of the goods related to the basic necessities such as grains, cloths and various other products that would be a part of their day today life. The products would also be such that which the villagers would easily prefer. For Ex-: The sale of olive oil would not be good in villages as compared to cities.Studies say that villages have great brand loyalty from that of cities. It is important to keep the products of customer's preference in the store. Place The villagers do not have goods means of transportation so the place to be chosen or the retail store must be near to the village as well as the place must be not far away from the main road. As the villagers own vehicles like cycle and motor cycle in due to increase in the transpiration facility and ownership of cars it is easy for them to travel a little longer distance.Price Price would play an important factor in the success of the store. The villagers earns from agriculture and other allied activities. The income of the villager is low as compared to that of an urban citizen. The purchasing power of villager is less due to his income. So it is to be kept in mind that the products to be sold must not be of high price. For this individual packets off product such as biscuits should be sold rather than that of family pa ckets. Even though they can even be reduced in a pack of 4 of 5 biscuits per pack.Promotion Promotion in villages should be done on mediums such as at bus stations, writing on the buses, radios, television etc. Personal Marketing at the time of various meals in the villages can also be very useful. Personal Marketing will have a greater impact on the village customers as all their doubts can be cleared and all the description of the reduce can be given. Also various local events like night matches which happen in villages can be sponsored. In cities the promotion can be done on internet, Railway stations and holdings.People People refer to the persons who would directly do the marketing to the village customers. It is to be kept in mind that the persons selected for personal marketing must be having additional skills like the knowing the local language of the village. It would be best if the marketing person selected would be one among the village which would help in more effective communication with the villagers. In cities it not important to find a person from the area itself and he must know any local language.Process Process is a secret key which can help in winning the minds of the customers. Suppose a customer from the buys a electronic product from the retail store and it has an onsite warranty, it needs to be registered online and there is a need of demo for the usage of the new product then the at the time of the selling the product the online warranty activation can be done at the retail shop itself, the customer can be given the facility to talk to the customer care and confirm his registration process and he demo can also be shown at the shop.As the city customers are well educated they can themselves do this by their own. Physical Evidence Physical evidence refers to the surrounding environment. It is important that the sales persons have a proper uniform look clean, they have their cards, and the store has a wider space and a good interior. Phys ical evidence is much essential in cities as the service expected by the people is more due to competition in the cities while due to less competition in the villages some of the factors like uniform and other big store space can be overlooked.

CFA review Essay

CFA review Essay CFA review Essay Los 58 Introduction to the measurement of interest rate risk A. Full valuation approach &the duration/convexity approach a. The full valuation approach (scenario analysis approach) – based on applying the valuation techniques for a given change in the yield. a.i. ç› ´Ã¦Å½ ¥Ã¥ °â€ ytmçš„å ËœÃ¥Å'â€"åŠ  Ã¥â€¦ ¥valuation model çÅ"‹å ¯ ¹priceçš„å ËœÃ¥Å'â€"ï ¼Å'Ã¥ ¦â€šÃ¦Å¾Å"Ã¥ ¯ ¹Ã¤ ºÅ½Ã¥ ¤Å¡Ã¤ ¸ ªÃ¨ ¦ Ã¤ ¸â‚¬Ã¤ ¸ ªÃ¤ ¸â‚¬Ã¤ ¸ ªÃ¨ ¯â€¢ a.ii. Stress testing a bond portfolio – using this approach with extreme changes in interest rates a.iii. Can be used to evaluate the price effects of more complex interest rate scenarios,å€ ¾Ã¥ â€˜Ã¥ â€¢Ã¥ ¯ ¹Ã¥ â€¢Ã¤ ¸â€option freeçš„bond a.iv. Example é ¢ËœÃ§â€º ®Ã§ »â„¢Ã¥â€¡ ºÃ¦  ¡Ã¤ » ¶Ã¯ ¼Å¡N,PMT,FV,Y/I ïÆ'   Cpt PV è ¦ Ã¦ ±â€šÃ¦â€ ¹Ã¥ ËœY/I xxbpsï ¼Å'Ã¥ ¯ ¹PVçš„å ½ ±Ã¥â€œ Ã¯ ¼Å'ç› ´Ã¦Å½ ¥Ã¥Å" ¨Ã¨ ® ¡Ã§ ®â€"çš„æâ€" ¶Ã¥â‚¬â„¢Ã¦â€ ¹Y/IÃ¥  ³Ã¥  ¯Ã¯ ¼Å'ç„ ¶Ã¥ Å½Ã¤ ¸Å½Ã¥Å½Å¸Ã¤ » ·Ã¦   ¼Ã§â€º ¸Ã¦ ¯â€Ã¨ ¾Æ' b. Duration/convexity approach – approximation of the actual interest rate sensitivity of a bond or bond portfolio. (ç› ¸Ã¥ ¯ ¹full valuation ç ®â‚¬Ã¥ â€¢Ã¯ ¼Å'only for estimating the effects of parallel yield curve shifts) c. Higher(lower) coupon means lower(higher)duration Longer(shorter) maturity means higher(lower)duration Higher(lower) market yield mean lower(higher)duration B. Positive convexity and negative convexity a. Option-free bond has positive convexity – curve is convex (toward the origin) price increases more when yield fall than it decreases when yields rise. (ç ¬â€˜Ã¨â€ž ¸Ã§Å¡â€žÃ¥ · ¦Ã¥ Å Ã¨ ¾ ¹) b. Duration of a bond is the slop of the price-yield function (å’Å'å‰ Ã©  ¢Ã§Å¡â€žA-cè â€Ã§ ³ »)ä »Å½Ã¥ · ¦Ã¥ ¾â‚¬Ã¥  ³Ã§ § »Ã¦â€" ¶slopeä ¸â€¹Ã©â„¢  c. Callable bonds, prepayable securities, and negative convexity c.i. Callable bond and prepayable securities have upside price appreciation, so price rise at a decreasing rate to decrease yield negative convexity c.ii. At lower yield the callable bond æ˜ ¯negative convexity, at higher yield the callable bond is positive convexity ï ¼Ë†Ã¤ ¹â„¢Ã¥ ­â€"ï ¼â€° c.iii. At low yield Ã¥ ¾Ë†Ã¦Å"‰å  ¯Ã¨Æ' ½Ã¨ ¢ «call, 则æÅ"‰risk reinvest at low yield d. The price volatility characteristics of putable bond d.i. Price increases at higher yields slow and decrease at lower yield fast. (å‰ Ã¥ ¿ «Ã¥ Å½Ã¦â€¦ ¢) C. Effective duration of a bond a. Effective duration – the avg of price change in response to equal increase Effective duration = / D. çŸ ¥Ã© â€œeffective duration and change in yield, ç ®â€"percentage price change a. Percentage change in bond price = -effective duration *change in yield in percentage E. Definition of duration &Ã¥ ¦â€šÃ¤ ½â€¢Ã©â‚¬â€šÃ§â€ ¨Ã¤ ºÅ½embedded option a. Macaulay duration – estimate of a bond’s interest rate sensitivity based on the time, in years, until promised cash flows will arrive. (适ç” ¨Ã¤ ºÅ½option free) b. Effective duration was appropriate for bonds with embedded options because the input (price) were calculated under the assumption that the cash flows could vary at different yields because of the embedded options in the securities. c. Modified duration = Macaulay duration/(1+periodic market yield) d. Interpreting duration d.i. Duration is the slope of the price-yield curve at the bond’s current YTM (first derivative) d.ii. A weighted average of the time(in yrs)until each cash flow will be received d.iii. Approximate percentage change in price for a 1% change in yield. F. Calculate the duration of portfolio a. Portfolio duration= æ ³ ¨Ã¦â€ž Ã§ ®â€"weightçš„æâ€" ¶Ã¥â‚¬â„¢Ã¦Ëœ ¯Ã§â€ ¨(par value*market price)/total par*maket b. Limitation of portfolio duration: yields may not change equally on all the bonds in the portfolio (所ä » ¥Ã¨ ¯ ´Ã¦Ëœ ¯Ã©â‚¬â€šÃ§â€ ¨Ã¤ ºÅ½parallel change in yield curve) G. Convexity a. Convexity is a measure of the curvature of the price-yield curve. (Ã¥ ¼ §Ã¥ º ¦Ã¨ ¶Å Ã¥ ¤ §convexityè ¶Å Ã¥ ¤ §Ã¯ ¼Å'则ä ¸Å½duration所é ¢â€žÃ¦ µâ€¹Ã¥â€¡ ºÃ¦  ¥Ã§Å¡â€žÃ¤ » ·Ã¦   ¼Ã¥ · ®Ã¥Ë† «Ã¨ ¶Å Ã¥ ¤ §) b. ç” ¨duration and convexity é ¢â€žÃ¦ µâ€¹price Percentage change in price=duration effect +convexity effect ={[-duration*Δy]+[convexity*(Δy)^2]}*100 c. Ã¥ ¦â€šÃ¦Å¾Å"Ã¥  ªÃ¦Å"‰durationï ¼Å'underestimate of the percentage increase in the bond price when yields fell, overestimate of the percentage decrease in the bond price when yield rose. [check p145 figure 4] d. For callable bond, convexity can be negative at low yield. Convexity adjustment will be negative for both yield increase and yield decrease. H. Modified convexity and effective convexity a. Effective convexity takes into account change in cash flows due to embedded options, while modified convexity does not, since it is based on