Art History 306 Dissertation Example | Topics and Well Written Essays - 500 words

Art History 306 - Dissertation Example The proximity and accessibility of the artists to each other’s lives and work sprouted an art â€Å"scene† with â€Å"constant face to face encounters†¦constant feedback, mutual awareness† (Sandler, 1978, pg. 30) and frequent socializing in â€Å"semi-public and public meeting places†. (Sandler, 1978, p. 29) The ambience was electric, for it â€Å"generated social and intellectual exchanges†, â€Å"and it was natural for vanguard artists in every field to gravitate to the world of the New York school† (Sandler, 1978, p.22). This solidarity was reinforced by a post war sentiment of alienation which could best be summarized as â€Å"you had a feeling †¦ of you and your friends against everyone on the outside.† (Sandler, 1978, p. 29) Disillusioned further by the political climate and pseudo culture of Middle America, the vanguard artists turned to their art for â€Å"self-discovery, freedom of belief and action, and autonomous, honest creation.† (Sandler, 1978, p.21) The canvas became an â€Å"arena in which to act† (Rosenberg, 1959) and gestural painting was adopted by such influential figures as de Kooning and Hofmann. Art produced during this time was coined Abstract Expressionism (Rosenberg, 1959).

We Need a Traditional Chinese Medicine Essay Example for Free

We Need a Traditional Chinese Medicine Essay Kelly Ross said, â€Å"The U. S. economy was broken long before the Crash of 2008, but its weakness was temporarily papered over by a real estate bubble in the Bush years. † (Ross, 2012) It seems like that we are experiencing a financial crisis right now, but the truth is that our economy system is weaker than what we thought. How do we resolve the underlying problems? Think about China, why is China doing so well? Cheaper labor cost, lager export, or huge householder savings? Anyway, let’s go into Chinese’ core values first and then figure out the reasons which may useful for us. The Confucius is the core of Chinese culture and he is also one of the earliest economists in China. His Confucian theory has been used by Chinese governments to control their people as long as thousands years. Here is the question for today. How does the Confucius’ economics become an antidote to our economic recession? First of all, let’s talk about the Confucius’ view of wealth. His theory is based on morality and it is also the foundation of his economic thought. According to Confucius, â€Å"Riches and honours are what men desire. If it cannot be obtained in the proper way, they should not be held. Poverty and meanness are what men dislike. If it cannot be avoided in the proper way, they should not be avoided† (Confucius, 551-479 BCE, p 17. ) The Confucius is teaching his students that even though we all want to get wealth, but we cannot get it via sharp practice. We should think about â€Å"Yi(? )† first which comes before gain. â€Å"Yi† can be seen as the word â€Å"righteousness† in English which is also based upon the idea of reciprocity. This idea looks like an opposite idea of self-interest. On the other hand, Adam Smith told us that â€Å"self-interest is ‘good’† (Class ppt. Kuiper. ) Self-interest can stimulate economic growth in the short run but can also bring moral issues for a long term implication. Take a look at our economy today, there are many examples showed us that the lack of supervision is the most common reason for financial crises. What are wrong with our supervision system and moral cognition? We cannot obtain every single penny from the world. If so, our desire will never be satisfied and it can lead us to blot up the resource from our descendants in the future. Money is not the purpose of our life; it is only a tool that services our life. However, this is not meaning that we should avoid wealth. The Confucius said, â€Å"If the search for riches is sure to be successful, though I should become a groom with whip in hand to get them, I will do so. As the search may not be successful, I will follow after that which I love. † (Confucius, 551-479 BCE, p. 38. ) From this sentence we can see that Confucius is perfervid to earn gain via being an official. Therefore, if it is the right way of getting gain, then he would love to do it, even only being a low- level official with physical labor. Moreover, The Confucius said, â€Å"The mind of the superior man is conversant with righteousness; the mind of the mean man is conversant with gain. † (Confucius, 551-479 BCE, p 19. ) A gentleman should understand and familiar with righteousness. In the orientation of value, the first thing a gentleman should consider is â€Å"Yi†; also, for a gentlemans virtue and morality, â€Å"Yi† is the value of life and it is very important for Confucian. Therefore, virtue and morality will be the gentlemen’s first pursuit. In addition, the Confucianism is always in a moral and political perspective to deal with problems. The Confucius said, â€Å"If a superior love propriety, the people will not dare not to be reverent. If he loves righteousness, the people will not dare not to submit to his example. If he loves good faith, the people will not dare not to be sincere. Now, when these things obtain, the people from all quarters will come to him, bearing their children on their backs; what need has he of a knowledge of husbandry? † (Confucius, 551-479 BCE, p. 76. ) From Confucius’ words, we can see that personality trait is most important in the Confucianism. If we can build a wonderful moral system, then we will be able to obtain a political stability, and then, to have a stabile economy. In addition, even though the economy is very tied to people lives and development, it still does not become above to the moral and politician’s primary task in the Confucian. That is an upside down relationship with what we thought today, because we all treat the economy as the most important part of our society. Furthermore, one of Confucius’s points of view is advocating a frugal society and stand against luxury. He thinks that if a government wants to govern the country well, then saving and reduce spending are most important. He said, â€Å"Administration is saving. † (Confucius, 551-479 BCE, p. 72.) This is not meaning that spending it bad, but we should also do saving as well. Our earth needs a balance as well as we does. However, it is going to lead to a severer resource shortage if we do not change our spending behavior right now. In addition, the Confucius also encourages the government into universal education after they have a stabile economy. He thinks that in order to improve the quality of people we should improve the extent and quality of education, which is a sustaining way to keep our society stabile. According to The Analects of Confucius, â€Å"‘and when they have been enriched, what more shall be done? ’ The Master said, ‘Teach them. ’† (Confucius, 551-479 BCE, p. 77. ) Therefore, we should make our education system stronger as well as our morality system. As economic globalization from today, we are not only need abundant economic resource as our supporter; we also need to be sustained with ideological and ethical system because that is the true basis of our life. Even though there are many different kind of economic activates, productive activate is still one of the most important activates. Also, the Confucius teaches his students that economic activities should be amenable to ethics. We should regain the time which is frugal. Don’t we be touched from him? In addition, here is a sentence shows an epitome of the Confucianism â€Å"There were four things which the Master taught, — letters, ethics, devotion of soul, and truthfulness. † (Confucius, 551-479 BCE, p. 39. ) The Confucius also teaches his students that every choice, which related to praise or blame, and publicity or suppression, depends on whatever they conform to the establishment of the Confucian moral laws and political criterion. As Chinese economy growth today, we may try this â€Å"traditional Chinese medicine† which is from the Confucianism; see if it can help our economy to get better.

planning Essay -- essays research papers

Planning is fundamental to any organization in its ability to succeed. Planning is the first step any organization must do before carrying forward toward any new initiative.   Ã‚  Ã‚  Ã‚  Ã‚  Ethics is a consideration that organizations must keep in mind when planning all facets of their organizastions objectives. Ethics is: The system of rules governing the ordering of values. (Batemen et al, 2004). In other words, ethics is what should be the guide for how businesses conduct business. it helps answer the question of what is the right thing to do. This can be a conflicting concept for many managers. The right thing to do does not always seem to agree with the needs of a business. For example, Enron has now become a point that people point to when it comes to corporate ethical shortcomings. It is hard to say for sure why things at Enron happened the way that they did but one thing is obvious from the outside looking in. The stockholders did not seem to mind too much when the stock was growing at a fast pace. This then creates a dilemma many managers must face, how do they continue to satisfy the market while still conducting business in an ethical way?   Ã‚  Ã‚  Ã‚  Ã‚  Many if not all organizations must understand their ethical standing in the business world as well as the global world. The values that a company adheres to are how they will be best known.   Ã‚  Ã‚  Ã‚  Ã‚  At Omni Health Care, our management takes enormous pain to ensur... planning Essay -- essays research papers Planning is fundamental to any organization in its ability to succeed. Planning is the first step any organization must do before carrying forward toward any new initiative.   Ã‚  Ã‚  Ã‚  Ã‚  Ethics is a consideration that organizations must keep in mind when planning all facets of their organizastions objectives. Ethics is: The system of rules governing the ordering of values. (Batemen et al, 2004). In other words, ethics is what should be the guide for how businesses conduct business. it helps answer the question of what is the right thing to do. This can be a conflicting concept for many managers. The right thing to do does not always seem to agree with the needs of a business. For example, Enron has now become a point that people point to when it comes to corporate ethical shortcomings. It is hard to say for sure why things at Enron happened the way that they did but one thing is obvious from the outside looking in. The stockholders did not seem to mind too much when the stock was growing at a fast pace. This then creates a dilemma many managers must face, how do they continue to satisfy the market while still conducting business in an ethical way?   Ã‚  Ã‚  Ã‚  Ã‚  Many if not all organizations must understand their ethical standing in the business world as well as the global world. The values that a company adheres to are how they will be best known.   Ã‚  Ã‚  Ã‚  Ã‚  At Omni Health Care, our management takes enormous pain to ensur...

Analysis of Ryanair Essay

Ryanair established in 1985 carrying more than 5,000 passengers between its route Waterford Airport in Ireland to London Gatwick during its first year. The company expanded by 1989 had 350 employees, 14 aircraft and carrying more than 600,000 passengers a year. In 1997 there were dramatic changes in the European airline industry with deregulation of European Union air transportation allowed airlines to open new routes into Europe. The European Low fares association reported that low fares airlines are carrying more passengers than before with an increasing number of destinations in Europe set to increase from 38% to 53% in European travel (elfaa.com, 2011). Ryanair took advantage from the deregulation with routes from London Stansted to Stockholm, Oslo and Paris. By 2001 Ryanair launched its own travel website and within 3 months received 50,000 bookings (Ryanair.com, 2011). The report will focus on the low cost industry environment by identifying the opportunities and threats as well as five forces of the external environment. The report will also identify the strengths and weaknesses of Ryanair. Part 1: Low cost Airline industry The low cost airline industry has become the most profitable with all segments in the market with low prices and high load factors. This strategy has been challenged since the 1990s with the liberalization of services allowing new entrants to compete for business (Economist.com, 2011). The low cost airline industry operates all activities by reducing costs in order to gain strategic success and competitive advantage. This approach has a lot of opportunities as well as threats. Political Governments in the UK have the highest tax compared to Germany with a $1.3bn departure tax and Austria’s similar $119m duty tax (Independent.co.uk, 2011). The threat of passengers paying higher prices as a result of increased tax for their airline tickets can lower profits for airlines. This can affect low cost airlines such as Ryanair and Easyjet as the higher taxes cut profits for the company for example Easyjet stated they had lost  £21m of its  £153m in 2011 (IATA.com, 2011). Acts of terrorism can also be a major threat to the airline industry. Initiating further routes is an opportunity for low cost airlines to other destinations in Europe with its growing economy and additional 15 EU countries that joined in 2004 such as Lithuania, Poland, Slovakia, Latvia can offer new opportunities for new routes to increase the number of passengers(Delfmann, 2005). There has also been a threat with the plans to sell Stansted airport, the main location for low budget airlines after the Competition Commission to reduce its dominance in the market. This will bring greater competition to low cost airlines and benefit passengers with more low fare airlines from regional airports such as Gatwick and Stansted competing more (Telegraph.co.uk/travel, 2011). Economic The threat of rising oil prices caused global airlines to lose $16 billion in profits which did rebound in 2010 with higher traffic. The threat continues with oil prices averaging $110 a barrel and estimated to further increases in the industry’s fuel bill which will rise from $10 billion to $176 billion (Bangkokpost.com, 2011). This threat has also been warned by Willie Walsh, the chief executive of British Airways and Iberia who cautioned that European carriers have to bear the impact of the high fuel costs with some operators having to go out of business (Guardian.co.uk, 2011). The recession in 2008 resulted in travelers seeking cheaper fares and led to growth in sales for budget airlines. This opportunity during recession allows budget airlines to take advantage and of more travelers seeking low fares with budget airlines rather than more expensive airline tickets. With the higher oil prices, natural disasters in Japan, discontent in the Middle East, North Africa and can force competitors in the airline industry to increase prices and fuel surcharges which pose major threats to airlines profits and survival of airlines. Social The growth in demand for passengers seeking low cost airlines for cheaper fares is an opportunity for budget airlines. People are living a better standard of life with declining inequality of incomes made up mostly of middle class income people. People are also more well-travelled, experienced and seek new destinations with the growth of vacation property (Goeldner and Ritchie, 2009). This is an opportunity as budget airlines frequently service short haul destinations for short trips or weekend trips for leisure or business purposes offering more destinations and new experiences to people with low fares. Migration has also made commuting a factor with people seeking employment opportunities and education as a motive for travelling as well as the rising quality standards has shown to expect growth for low cost airlines (Gross and Schrà ¶der, 2007). There are significant opportunities for low cost airlines that can benefit from the demand of increasing passenger from various destinations and purposes. Many people also seeking new destinations is a good opportunity for budget airlines to increase passenger numbers and revenue by providing different destinations of regional airports. Technological The increasing popularity of information technology is an opportunity for low budget airlines as they don’t use travel agents to sell tickets and allows consumers to be informed about schedules, compare prices and itineraries as well as flights with other airlines (Pease etl al., 2007). The new ‘saddle seat’ which is designed to allow 23 inches of legroom compared to 30 inches on a normal seat space and shaped to sit at an angle increase the number of seat for an airline (Telegraph.co.uk/travel, 2011). The seats offer an opportunity for low budget airlines such as Ryanair and Easyjet to allow more storage space and more passengers in a plane which can increase revenues. The opportunities in technology allows airlines to take advantage of potential revenues with the internet offering direct marketing for customers and value added service by bringing offers to the customers directly. The opportunities for of the new seats can offer planes to fit more passengers and is a further potential a growth in revenue for budget airlines. Legal The airline industry has considerable regulations with issues concerning legislation and guidelines. For example low cost airlines have aggressive advertising campaigns to emphasize low fares which have become an issue with consumer protection legislation. Separate details of surcharges such as government tax, airport tax and fuel surcharge have to be included so that it does not consumers are not misinterpreted and misunderstood when buying a ticket. This is a threat to low cost airlines as it disregards the concept of low fares with all the taxes passed on by governments and aviation authorities. Low cost airlines can be substantially threatened with EU regulations and laws which can lower profits and damage the reputation of an airline with a negative image. Environmental Natural disasters such as the 2010 Iceland Volcano which caused 14,000 Ryanair flights cancelled. Costs of the 2010 Iceland disruption to the global airline industry soared to  £1.1bn according to estimates from the International Air Transport Association (Iata) (Guardian.co.uk, 2010). This threat to the airline industry faced by natural disasters such as the Iceland volcano can occur at any time and stop people from travelling costing airlines major disruptions with delays or cancellations. Emissions used by the airline industry have been increasingly growing rapidly over recent years, increasing 98% between 1990 and 2006 with predications of further increases to another 88% by 2050. This threat to the aviation industry enforcing airlines to pay for carbon dioxide and lower profits (Ftadviser.com, 2011). Porter’s five forces Porter points out the five forces which consist of bargaining power of suppliers, buyers, threat of potential new entrants and threat of substitutes to the industry. A company can adapt to the forces in order to increase chances of gaining sustainable competitive advantage and profitability. In understanding the strategic decisions a company has to make, it can be useful to look at the five forces of rivalry amongst the firm, substitution, new entry, the power of customers and the power of suppliers. Figure 1.1: Porters five forces Source: (Fouris and Oswald, 2006) Barriers of entry: to obtain aircrafts is extremely expensive and acquiring a basis at airports is also difficult (Gross and Schrà ¶der, 2007). With the success of Southwest airlines and deregulation and liberalization of the airline industry has allowed 40 budget airlines in the airline such as Easy Jet. This level is high as a result of these factors. Substitution- for the short haul flights, the substitute products include car, train and boat services. Travelling by train is clearly a substitute choice for travellers as it is high speed or travelling by car with the many motorway links available can have an impact. Technology can also be a substitute, for example business travellers may choose to conference skype calls over the internet. This level is moderate as flying is the main method of travelling long distances at a shorter time. Bargaining power of buyers: consumers can now purchase their own tickets from low cost airlines and can choose airlines with for higher level of quality, better service and lower price. Customers have the power to easily switch to another product that have lower prices with the ease of the internet (Hitt, et al, 2008). This popularity of comparison internet sites allows passengers to compare flight prices and choose the lowest cost airline of their choice. Therefore to survive with these intense factors airlines have to provide lowest fares to attract customers which is important for budget airlines and as a result the power of buyers is high as they consumers choose lowest fares causing risk of survival to an airline. Bargaining power of suppliers: Airlines rely heavily on the inputs for the company to survive which would be fuel, materials for the planes, services and manpower. Airlines either use Boeing or Airbus together with high maintenance fees, training staff. Additionally with the increase of cost for fuel to $50bn in 2011 resulted in travelers paying higher prices for tickets (Reuters.com, 2011). Therefore these inputs have high bargaining power over airlines as it can affect profits of an airline substantially. Competitor rivalry: may occur from price competition, product differentiation, advertising against other competitors is likely to affect the business (Bowhill, 2008). The intense rivalry occurs between low fares carriers are Ryanair, Easyjet and the carriers that provide ‘frills’ service with lower fares are British Midland Airways. Rivals also have to invest high capital investment and have a unique selling point to attract a large majority of customers and offer significant discounts and special offers. According the annual reports of Ryanair and Easy Jet, in 2010 Ryanair carried over 66 million passengers in comparison to Easy Jet carrying just 34 million. Therefore the airline’s low cost model delivers increased revenue and passenger growth as customers seek cheaper flights and benefit from price wars between airline fares. However budget airlines are still affected by rivalry with Ryanair and Easy Jet competing for customers flying with no frills airlines and the level of competitor rivalry is moderate. Conclusion Finally the analysis has demonstrated the attractiveness for the budget airline based on the ease of entry regulations and with the low expenditure costs lower than charter airlines that provide more service. The unstable environment has led to an increase in fuel costs with airlines paying heavily for their supply and in contrast the unpredictable economic environment has caused consumers to spend less and look for cheaper travel and prefer budget airlines such as Ryanair. Even though there is intense rivalry between airlines, budget airlines have an attractive strategy with more airlines using the low cost model to compete for passengers. Part 2: Internal analysis The internal factors of Ryanair’s concerns strengths and weaknesses to assess the extent to which the strategies for the airline in order to be successful, these summarizes the internal business environment and the capabilities (Johnson et al., 2002). The strengths of Ryanair are: The company has a successful low cost model benefitting from low expenses by using staff to clean the plane, passengers have to pay to print boarding pass reducing the need for staff at check in desks and take advantage of the internet to sell tickets. Ryanair’s low fares are aimed at encouraging demand especially with price sensitive leisure and business travellers that might choose alternative forms of transport method. Ryanair have set fares on the basis of demand on particular flights with higher fares on flights that have the highest demand for bookings booked nearer to the date of departure. Ryanairs competitors also do not operate on comparison sites and save commission or fees to other comparison websites. The company loses fewer bags and with 88% punctual flights compared to competitor’s ant explains why the company is a favorite airline for customers with over 73 million passengers in 2010 (Ryanair.com, Annual report 2010). Flights to secondary airports: the company offers point to point service on short haul flights to secondary and regional airports around the major hub centers and cities. The point to point routes rather than hub airports allow the company to provide direct nonstop flights and avoid the costs of providing services through connecting passengers, baggage transfers and transit passenger assistant costs. By choosing secondary locations allows convenience for a large majority of the population and is generally less crowded than in major airports. This has also resulted in on time flights, faster turnaround times, less terminal delays as well as more competitive airport access and handling costs or operating restrictions that can reduce expenses (Ryanair Annual Report, 2010). Low operating costs: Ryanair maintain low operating costs as a low budget airline company and aims to reduce costs in main areas which include: aircraft equipment, personnel productivity, customer service costs and airport access and handling costs. Weaknesses Ryanair have been negatively perceived as arrogant as the company does not take into consideration the competition by putting other low fares airlines out of business creating a bad image with negative media. Ryanair is viewed as not caring too much about customer needs or problems which reflect O’Leary’s opinion that customers pay low prices and get a good deal therefore should expect low standards. There have also been complaints for the extra payments for fees and taxes as well as paying higher prices for stowing luggage and onboard food and beverage. The company has also come across as having a negative reputation by having underpaid staff that are disciplined for any mistakes, work long hours and unhappy staff with staff (itfglobal.org, 2011). The company also charges  £5 for every purchase using bank card,  £40 for printing a boarding pass at the airport and  £100 for changing the name on the booking. Therefore customers often have to pay a lot more than they expected which makes Ryanair’s image appear dishonest (Ryanair.com, 2011). Porters value chain The generic strategies are concerned with the strategies of the company and at the micro level by exploring Porters model of the value chain. The value chain classifies the activities of the company and divided into primary and support activities used to identify the cost leadership strategy as illustrated in appendices b. The core competencies of Ryanair consist of maximizing revenues whilst providing a no frills low cost strategy and keeping logistics simple. This is maintained by Ryanair’s capability to lower operating costs such as aggressive online booking reducing the cost of staff and operate in secondary airports using Boeing 737-800. Through simple services and investing less on employees, Ryanair core competencies provide effective and efficient resource management. The primary activities involved in the inbound logistics of Ryanair consist of its 272 Boeing 737-800 planes that can carry 189 people and agreements to secondary airports. Ryanair have contract agreements with these large aircrafts with the ability to fly long hours and do not charge fuel surcharge (Ryanair.co.uk, 2010). Operations: Ryanair have lower unit costs as part of its operation and save costs through lower handling fees, landing fees in secondary airports and fast turnaround times with the capacity to utilize the aircraft at a shorter time. Ryanair operate in 1,110 routes and 1,400 flights a day from 44 bases. The efficiency of its operation supports the low cost strategy position with fast turnaround times, no meals on board and improved employee productivity (Ryanair.com, 2010). Financial analysis The strengths of Ryanair are quite clear. The company has been profitable with an increase in profits of 26% to â‚ ¬401m and operating profit increase by 28% to â‚ ¬516.2m in 2011. The figure below illustrates how the company increased passengers by 8% and revenue 16% by 2010. Figure 2.1: Summary Table of results (IFRS) in Euro Source: (Ryanair.com, 2011) Figure 2.2: Summary table for EasyJet Source: (Easyjet.com, 2011) As seen from the tables above it can be clear to differentiate the profit revenues. Profit after tax for Ryanair in 2010 was â‚ ¬138 million and for Easyjet was just  £121 million. Revenue for Easyjet in 2010 was  £2, 973 million in 2010 and  £2, 66 million in 2009 compared to Ryanair’s revenue in 2010  £18 million and  £16 million in 2009. According to Ryanair’s annual reports, revenues rose by 16% to â‚ ¬896.8m due to an 8% rise in traffic and a 5% increase in average fares in 2010. Ryanair has been able to gain a growth in revenue even during the financial recession which had a significant effect on other major airlines resulting in bankruptcy and closure. Due to its cost efficient methods through increased passenger traffic with its new routes and low prices Ryanair has been able to uphold its place as the number one low cost carrier. This difference also shows in Ryanair’s current ratio at 1.79 in 2010 compared to Easy jet only gaining 1.33. Conclusion From the internal analysis it is clear to see Ryanair’s low costs strategy means it is less affected than its competitors with its cost leadership. This has required the company to gain a large market share whereby it has purchased large quantities of planes and low cost operations has made shown that cost leadership is the only way to work for the future and globally. Ryanair has built a low cost culture however still needs to pay close attention to the external environmental factors including governmental policies and increased cost of fuel. The core cost savings mentioned has made the company highly successful with its short haul routes with standardized no frills services, higher seating density and its ticketless reservation system. Ryanair have succeeded by becoming a successful airline in Europe with the Southwest airline model and managed to grow its market segment of price sensitive customers through its no frills service. Bibliography Afuah, A. (2009) Strategic Innovation: New Game Strategies for Competitive Advantage. New York: Routledge. Beech, J. and Chadwick, S. (2006) The business of tourism management. 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Discount rate

The rate used to discount future cash flows to their present values is a key variable of this process. A firm's weighted average cost of capital (after tax) is often used, but many people believe that it is appropriate to use higher discount rates to adjust for risk or other factors. A variable discount rate with higher rates applied to cash flows occurring further along the time span might be used to reflect the yield curve premium for long-term debt. Another approach to choosing the discount rate factor is to decide the rate which the capital needed for the project could return if invested in an alternative venture. If, for example, the capital required for Project A can earn five percent elsewhere, use this discount rate in the NPV calculation to allow a direct comparison to be made between Project A and the alternative. Related to this concept is to use the firm's Reinvestment Rate. Reinvestment rate can be defined as the rate of return for the firm's investments on average. When analyzing projects in a capital constrained environment, it may be appropriate to use the reinvestment rate rather than the firm's weighted average cost of capital as the discount factor. It reflects opportunity cost of investment, rather than the possibly lower cost of capital. An NPV calculated using variable discount rates (if they are known for the duration of the investment) better reflects the real situation than one calculated from a constant discount rate for the entire investment duration. Refer to the tutorial article written by Samuel Baker[3] for more detailed relationship between the NPV value and the discount rate. For some professional investors, their investment funds are committed to target a specified rate of return. In such cases, that rate of return should be selected as the discount rate for the NPV calculation. In this way, a direct comparison can be made between the profitability of the project and the desired rate of return. To some extent, the selection of the discount rate is dependent on the use to which it will be put. If the intent is simply to determine whether a project will add value to the company, using the firm's weighted average cost of capital may be appropriate. If trying to decide between alternative investments in order to maximize the value of the firm, the corporate reinvestment rate would probably be a etter choice. Using variable rates over time, or discounting â€Å"guaranteed† cash flows differently from â€Å"at risk† cash flows may be a superior methodology, but is seldom used in practice. Using the discount rate to adjust for risk is often difficult to do in practice (especially internationally), and is difficult to do well. An alternative to using discount factor to adjust for risk is to explicitly correct the cash flows for the risk elements using rNPV or a similar method, then discount at the firm's rate. Discount rate The rate used to discount future cash flows to their present values is a key variable of this process. A firm's weighted average cost of capital (after tax) is often used, but many people believe that it is appropriate to use higher discount rates to adjust for risk or other factors. A variable discount rate with higher rates applied to cash flows occurring further along the time span might be used to reflect the yield curve premium for long-term debt. Another approach to choosing the discount rate factor is to decide the rate which the capital needed for the project could return if invested in an alternative venture. If, for example, the capital required for Project A can earn five percent elsewhere, use this discount rate in the NPV calculation to allow a direct comparison to be made between Project A and the alternative. Related to this concept is to use the firm's Reinvestment Rate. Reinvestment rate can be defined as the rate of return for the firm's investments on average. When analyzing projects in a capital constrained environment, it may be appropriate to use the reinvestment rate rather than the firm's weighted average cost of capital as the discount factor. It reflects opportunity cost of investment, rather than the possibly lower cost of capital. An NPV calculated using variable discount rates (if they are known for the duration of the investment) better reflects the real situation than one calculated from a constant discount rate for the entire investment duration. Refer to the tutorial article written by Samuel Baker[3] for more detailed relationship between the NPV value and the discount rate. For some professional investors, their investment funds are committed to target a specified rate of return. In such cases, that rate of return should be selected as the discount rate for the NPV calculation. In this way, a direct comparison can be made between the profitability of the project and the desired rate of return. To some extent, the selection of the discount rate is dependent on the use to which it will be put. If the intent is simply to determine whether a project will add value to the company, using the firm's weighted average cost of capital may be appropriate. If trying to decide between alternative investments in order to maximize the value of the firm, the corporate reinvestment rate would probably be a etter choice. Using variable rates over time, or discounting â€Å"guaranteed† cash flows differently from â€Å"at risk† cash flows may be a superior methodology, but is seldom used in practice. Using the discount rate to adjust for risk is often difficult to do in practice (especially internationally), and is difficult to do well. An alternative to using discount factor to adjust for risk is to explicitly correct the cash flows for the risk elements using rNPV or a similar method, then discount at the firm's rate.

Free Essays on The Dark Ages of Europe

The Dark Ages of Europe were called such for several reasons. One of the more notorious reasons was the state of the Catholic Church. In the years before the Reformation, members of the Catholic clergy had reached an all time low in terms of their morality. The abuses of clerical power and privileges by the medieval clergy spanned all parts of their daily lives. Members of the Catholic clergy were financially, politically and socially corrupt. Each of these corruptions made up the enormous religious corruption that was the logical result of such debauchery. Of the several grievances against the Church, â€Å"[t]he first and sorest was that she loved money, and had too much of it for her own good† (Durant 17). Documents on the exact wealth of the Church in the Middle Ages simply do not exist. Historians, however, speculate that the Church’s share of the wealth made up anywhere from a fifth to three-quarters in each of England, France and Germany. â€Å"In Italy, of course, one third of the peninsula belonged to the Church as the Papal States, and she owned rich properties in the rest† (Durant 17). The clergy was notorious for sucking money out of the people any way they could. They were known to have sold false relics to unsuspecting believers, passing animal bones and bits of torn cloak as those of Christ. Often times â€Å"priests†¦charged a mite too much for burial services† (Mee 151) or raised the amount of taxes due by a few ducats. Charging extra for taxes was not difficult because clergy often served as local officials, including those in charge of collecting taxes (Clifford 7). Had he Church been using the skimmed/scammed money for legitimate Church purposes, it may not have been so insulting. However, it was blatantly obvious that the cash was going to the clergy, who were becoming worldlier by the day. Even the papacy, the highest representative of God’s church on Earth, had become almost mortally corrupted. Pope Clemen... Free Essays on The Dark Ages of Europe Free Essays on The Dark Ages of Europe The Dark Ages of Europe were called such for several reasons. One of the more notorious reasons was the state of the Catholic Church. In the years before the Reformation, members of the Catholic clergy had reached an all time low in terms of their morality. The abuses of clerical power and privileges by the medieval clergy spanned all parts of their daily lives. Members of the Catholic clergy were financially, politically and socially corrupt. Each of these corruptions made up the enormous religious corruption that was the logical result of such debauchery. Of the several grievances against the Church, â€Å"[t]he first and sorest was that she loved money, and had too much of it for her own good† (Durant 17). Documents on the exact wealth of the Church in the Middle Ages simply do not exist. Historians, however, speculate that the Church’s share of the wealth made up anywhere from a fifth to three-quarters in each of England, France and Germany. â€Å"In Italy, of course, one third of the peninsula belonged to the Church as the Papal States, and she owned rich properties in the rest† (Durant 17). The clergy was notorious for sucking money out of the people any way they could. They were known to have sold false relics to unsuspecting believers, passing animal bones and bits of torn cloak as those of Christ. Often times â€Å"priests†¦charged a mite too much for burial services† (Mee 151) or raised the amount of taxes due by a few ducats. Charging extra for taxes was not difficult because clergy often served as local officials, including those in charge of collecting taxes (Clifford 7). Had he Church been using the skimmed/scammed money for legitimate Church purposes, it may not have been so insulting. However, it was blatantly obvious that the cash was going to the clergy, who were becoming worldlier by the day. Even the papacy, the highest representative of God’s church on Earth, had become almost mortally corrupted. Pope Clemen...

Long term memory essays

Long term memory essays All information that we come across gets stored in our long term memory, either intentionally or not and stays in our long term memory. The reason we do not think or realize we know all of the information is because all the information is not accessible. All the information in our memory is available, but not all the information is accessible. This is different from other theories of long term memory in that it does not support the idea that information leaves the long term memory storage through the processes of decay or interference. Availability is the term used for the amount of information in the long term memory. All information is available and the memory trace exists and is encoded in the long term memory. This means that any information, be it episodic or semantic, once it is stored into the long term memory, will be there forever and can not be lost or decay. Since all information remains in the long term memory and is always available, the question as to why we can not always remember the information that we know we learned at one point remains unanswered. This is where accessibility answers questions. Accessibility refers to the degree to which we can retrieve the information that is stored in our long term memory. If all the information is still in there, it would lend itself to say that all information can be remembered, but all information is not remembered. The reason we can not remember all the information is because it is not all accessible. For whatever reasons, information gets lost in the system. The information may be encoded in such a way that can only be retrieved in certain situations or circumstances or has become weak from lack of use. The important thing in the difference between accessibility and availability is that all information is available even if its not all accessible. Some evidence for this theory is the tip of the tongue state, where you cant r...

Sample Appeal Letter for a College Rejection

Sample Appeal Letter for a College Rejection If youve been rejected from college, you often have the option of appeal. The letter below illustrates a possible approach for appealing a college rejection. Before appealing, however, make sure you have a legitimate reason for appealing a rejection. In the majority of cases, an appeal is not warranted. If you do not have significant new information to report to a college, do not write an appeal. Also, make sure the college accepts appeals before writing one.   Features of a Successful Appeal Letter Address your letter to your admissions representative.Present a legitimate reason for appealing.Be respectful and positive, not angry or whiny.Keep your letter brief and to the point. Sample Appeal Letter Ms. Jane GatekeeperDirector of AdmissionsIvy Tower CollegeCollegetown, USA Dear Ms. Gatekeeper, Although I was not surprised when I received a rejection letter from Ivy Tower College, I was extremely disappointed. I knew when I applied that my SAT scores from the November exam were below average for Ivy Tower. I also knew at the time of the SAT exam (because of illness) that my scores did not represent my true ability. However, since I applied to Ivy Tower back in January, I have retaken the SAT and improved my scores measurably. My math score went from a 570 to a 660, and my reading score went up a full 120 points. I have instructed the College Board to send these new scores to you.I know Ivy Tower discourages appeals, but I hope you will accept these new scores and reconsider my application. I have also had the best quarter yet at my high school (a 4.0 unweighted), and I have enclosed my most recent grade report for your consideration. Again, I fully understand and respect your decision to deny me admission, but I do hope you will reopen my file to consider this new information. I was tremendously impressed by Ivy Tower when I visited last fall, and it remains the school I would most like to attend. Sincerely, Joe Student Discussion of the Appeal Letter As stated above, before writing a letter of appeal, you need to make sure you have a  legitimate reason to appeal. You must also make sure the college allows appeals- many schools do not. Theres a good reason for this- nearly all rejected students feel they have been treated unfairly or that the admissions staff failed to read their applications carefully. Many colleges simply dont want to deal with the flood of appeals they would receive if they allowed applicants to argue their cases. In Joes case, he learned that Ivy Tower College (obviously not the real name) does accept appeals, although the school discourages appeals. Joe addressed his letter to the Director of Admissions at the college. If you have a contact in the admissions office- either the Director or the representative for your geographic region- it is best to write to a specific person. If you dont have the name of an individual, you can address your letter with To Whom It May Concern or Dear Admissions Personnel. An actual name, of course, sounds much better. Now on to the body of Joes letter. Note that Joe is not whining. Admissions officers hate whining, and it wont get you anywhere. Joe is not saying that his rejection was unfair, nor is he insisting that the admissions office made a mistake. He may think these things, but he isnt including them in his letter. Instead, in both the opening and closing of the letter, he notes that he respects the decision of the admissions folks. Most important for an appeal, Joe does have a reason to appeal. He  tested poorly on the SAT, and he retook the exam and brought up his scores dramatically. Notice that Joe makes mention of being sick when he first took the SAT, but he is not using that as an excuse. An admissions officer is not going to reverse a decision simply because a student claims some kind of testing hardship. You need actual scores to show your potential, and Joe comes through with the new scores. Also, Joe is wise to send along his most recent grade report. He is doing extremely well in school, and the admissions officers will like to see those strong grades. Joe is not slacking off senior year, and his grades are trending upward, not down. He is certainly not revealing signs of senioritis, and he has avoided the issues in this weak appeal letter. Note that Joes letter is brief and to the point. Hes not wasting the time of the admissions officers with a long rambling letter. The college already has Joes application, so he doesnt need to repeat that information in the appeal. Joes letter does three important things in a concise manner. He states his respect for the admissions decision; he presents the new information that is the basis for his appeal, and he reaffirms his interest in the college. Were he to write anything else, he would be wasting the time of the admissions officers. A Final Word About Joes Appeal It is important to be realistic about an appeal. Joe writes a good letter and has significantly better scores to report. However, he is likely to fail in his appeal. The appeal is certainly worth a try, but the majority of rejection appeals are not successful.

Think of your own Essay Example | Topics and Well Written Essays - 1250 words

Think of your own - Essay Example After World War II, a completely new development phase emerged. Therefore, the term development is in a great way based upon how the western world conceptualized it, regardless of the thoughts of the other world regions Development as a concept has various definitions. These definitions mostly rely on the context under which the term is used. For instance, whereas the 1987petit Robert dictionary defines development as a form of progress, growth, blossoming, expansion and extension, president Julius Nyerere of Tanzania implied that the term refers to a process that enables persons to live fulfilling and dignified lives in addition to building self-confidence. He went further to argue that the term refers to a process that tends to free people from exploitation and unfulfilled potential. On the other hand, human development report (1991) implied that the primary goal of development is to increase the number of available choices while increasing participation and democracy. Between 1870 and 1940, the great nations of the world commenced what they termed as ‘development’. From the onset, they considered their ideas, opinions and actions as acts that represented development. These ideas also represented an affluent society. Other non-European countries were therefore backward, and under developed. European colonization was the first step to the application of western development concepts. This venture was carried out without the United States. The Europeans in some instances took the conquered regions as extensions of the respective European countries. The Europeans visited most of the previously unvisited areas. The League of Nations developed an internationalism approach. It implied that the world had to look united. The internationalism of the League of Nations enabled the colonizers to profit greatly from their conquests by basically recognizing each other’s rights. These devious plans enabled the nations to sway the

Muhammad Yunus Essay Example | Topics and Well Written Essays - 750 words

Muhammad Yunus - Essay Example Micro finance is a term given for the practice of providing financial services, usually very small loans, to developing economies. As the name itself suggests, most transactions in micro finance involve small amounts of money, frequently less than 100 USD. This paper will review an article about Microfinance titled, The Microfinance Promise written by Jonathan Murduch with special focus on Economist, Muhammad Yunus. The main thesis of this article is about the role of Microfinance in the development of individuals and how Muhammad Yunus’s role is very crucial in that development. Microfinance is the ray of hope for many people the world over, who were living a life of struggle due to the lack of basic needs caused by deficient economic resources. This economic deficiency is actually due their inability to find a livelihood and this is further accentuated by the apathy shown by the Government and its institutions. â€Å"About one billion people globally live in households with per capita incomes of under one dollar day. The policymakers and practitioners †¦face an uphill battle. Reports of bureaucratic sprawl and unchecked corruption abound† (Murduch 1569) The author focusses on Muhammad Yunus and Grameen bank after discussing about the utility of Microfinance and the latest approaches. According to the author, it is due to the personal initiative of Muhammad Yunus that Microfinance had its roots in Bangladesh, which in turn ‘rooted’ and ‘routed’ many lives in their path to success. Before Yunus’s initiative, many people had no idea of about the concept of Microfinance and lived their lives with lot of discomfort. And, this term entered common parlance due to the work of Prof. Muhammad Yunus, who was aptly awarded the Nobel Prize for economics in 2006. Muhammad Yunus is only credited with disbursing the first microloan in Bangladesh in 1974 using his own money. The author of the article, Murduch focusses on Yunus

Tell us about 2 activities that is important to you, and why (1 page Essay

Tell us about 2 activities that is important to you, and why (1 page per activity) - Essay Example In similar terms, societal predicaments seem to fascinate a number of people, challenging them to ethically reflect on past transgressions before moving forward towards promising prospects (Katz 70). In a way, reading news articles can make people recall things that had already happened, but still have a way of influencing the habits of the present. All these are important points that are deemed logical to the reason behind the practice of reading daily newspapers. On the part of the writer, all these partly account for the reasons why news articles are important. Most importantly, the act of reading relevant news can stimulate the mind of an academic individual. Although not all people claim this as such, there is a cognitive development happening when new pieces of information are assimilated. Old beliefs are replaced, while blank slates in the mind are rejuvenated. All in all, the act of reading news articles fulfills not only the natural instinct of every person to learn, at best , it promotes the learned response exhibited by a well-read individual. The more one learns, the more open-minded the behavior is towards self and environment in general.

The entrepreneurial organization Essay Example | Topics and Well Written Essays - 2250 words

The entrepreneurial organization - Essay Example They can only thrive in an environment of relative freedom. Under industrialization, bureaucracy was the dominant form of organization. The factory was designed to produce standardized products; the bureaucracy was designed to produce standardized decisions. Many major corporations of today developed in an industrial society, based on a bureaucratic model of machine-like division of function, routine activity, regularity, seeming permanence, and a long vertical hierarchy. It was a world of mass markets uniform goods and services, and long production lines. During the 1990's, however, the top-down authoritarian management style began yielding to a networking style of management. Horizontal communication in a networked environment is freer and more fluid, with few bureaucratic barriers. In the new style of management, people learn from one another peer to peer, everyone is a resource for everyone else, and each person gets support and assistance from many different directions. In any bureaucratic structure, people tend to feel they cannot change their environment and thus may never seek the information that might change it. In sharp contrast, the new emerging form of organizations supports change, innovation, and individual initiative to an optimal degree. Intrapreneurship simply represents an organizational culture that allows employees flexibility and authority in pursuing and developing new ideas. Intrapreneurship is nothing but entrepreneurship practiced within the context of a large established organization. An intrapreneur is involved in the "venturing" process, that is, in developing a new business inside a corporation from its initial idea until it becomes a viable business. Often an intrapreneur must lead a project with an entrepreneurial vision , willingness of using power , leadership, motivation and ability to overcome resistance and barriers (Johansen, 2002). Joseph Schumpeter (1883-1950) was a pioneering researcher in the field of entrepreneurship, he studied the role of the entrepreneur as an innovator, i.e., the person who develops a new product, a new market, or new means of production. Schumpeter distinguished between dependent and independent entrepreneurs, the former being those who are connected to an existing company, and the latter being those who start their own companies. Although coined and popularized by Gifford Pinchot in 1985, the term 'intrapreneur' (short for intra-corporate entrepreneur) essentially means what Schumpeter called a dependent entrepreneur. Several factors in organizations can have an influence on intrapreneurship/entrepreneurship. Usually, there are any number of barriers to innovation that can occur in organizations. Among all these factors and barriers, the degree of bureaucratic-style management within an organization can have the most adverse impact on the levels of individual initiative. 2. The Paradigm Shift Bureaucratic-style management is fading from the scene, albeit gradually. Mega corporations may be thriving, nonetheless their internal structures are becoming more geared towards innovation. Once considered a contradiction in terms, corporate intrapreneurship has become widely accepted in successful companies, such as 3M, Intel, and Coca-Cola.Also, in the fiercely competitive world of high

Statistic analysis of an exporting apple company Essay

Statistic analysis of an exporting apple company - Essay Example Statistic analysis of an exporting apple company This is statistically significant for this indicates that in promoting slow moving dog products, these items will be placed on the waist level shelves. This also applies for goods that need to be sold immediately like old stocks and products approaching expiration dates. Through this, inventory and the First-In-First-Out products will be controlled. An apple exporting company is currently retrenching and would like to reduce the number of packers in one of their processing plants from 3 packers to only 2. In finding out the most efficient packers, they conducted a 8 hour study for 6 days based on their speed in packing apples. Below are six study results for the three packers indicating the number of boxes packed in 8 hours. Which packer is best? An industrial psychologist is interested in brainstorming among groups as a means of solving complex problems and she decides to manipulate two types of problem â€Å"sets† or attitudes. She selects 6 groups of four people to participate in the experiment. Three of the groups are given problem â€Å"set† 1 and three of the groups are given problem â€Å"set† 2. In addition, however, two of the participants in each group are males and two are females. She measures number of problems solved by each individual after group discussions at the end of each of three sessions (max = 30). Examine all interesting effects, present important data, and consider problems in the analysis. Total Problem "set" 1 G11 Males S1 8 S2 7 Females S3 27 S4 24 G12 Males S5 20 S6 24 Females S7 27 S8 28 G13 Males S9 14 S10 18 Females S11 27 S12 26 Problem "set" 2 G24 Males S13 26 S14 30 Females S15 4 S16 8 G25 Males S17 26 S18 29 Females S19 15 S20 18 G26 Males S21 28 S22 28 Females S23 8 S24 12 1) sH0 : AProblemSet 1 = 2 G/A 1 = 2 = 3 = 4 = 5 = 6 BGender M = F (A)B 1M = 2M = 1F = 2F sHa : Not sH0 2) Between Subjects Hierarchical S2(G3B2/A2) 2-tailed (A): (1,4) = 7.71 (G/A): (4,12) = 3.26 (B): (1,4) = 7.71 (AB): (1,4) = 7.71 (GB/A): (4,12) = 3.26 3) = .05 4) Final Source Table: Source DF Sum of Squares Mean Square F-Value F-crit A Problem Set 1 13.50 13.50 .29 7.71 G/A Groups 4 187.83 46.95 10.25* 3.26 B Gender 1 48.17 48.17 1.36 7.71 AB Problem Set*Gender 1 1204.17 1204.17 34.12* 7.71 (GB/A) 4 141.17 35.29 7.70* 3.26 S(GB/A) 12 55.00 4.58 T 23 1649.83 A Problem Set, B Gender, and AB Problem Set*Gender F values are different from SAS output. Why 1 - First, have to test to determine proper error term to use; Fcrit (4, 12) = 3.26 , = .05 G/A / S(GB/A) = 46.96 / 4.58 = 10.25* so must use G/A to test A. F ratio for A = 13.50 / 46.95 = .29, NS Fcrit (4, 12) = 3.26 , = .05 GB/A / S(GB/A) = 35.29 / 4.58 = 7.71* so must use GB/A to test B and AB F ratio for B = 48.17 / 35.29 = 1.36, NS F ratio for AB = 1204.17 / 35.29 = 7.70* significant! (Didn't really need to do this because the group error terms were significant at .05 and cannot be pooled) Subsequent Tests: LSDAB = 2.78 [2(35.29) / 6] = 9.53 M Female-P1 - M Female-P2 = 26.50 - 10.83 = 15.67* M Male-P1 - M Male-P2 = 15.17 - 27.83 = -12.66* 5) The data indicate there was no significant main effect for Problem Set, F(1,4) = 0.29, MSe = 46.95, or for Gender, F(1,4) = 1.36,

Enviornmental Biotechnology Research Paper Example | Topics and Well Written Essays - 2250 words

Enviornmental Biotechnology - Research Paper Example The contamination of drinking water by these compounds is a major concern, and has led to the development of water treatment strategies aimed at their removal. The EDCs have been implicated in disorders of the neuroendocrine system, specifically on the hypothalamic neurotransmitter system, size of specific hypothalamic region, and the numbers of cells expressing the estrogen receptor ÃŽ ² . Certain chemical groups can disrupt and mimic reproductive hormones of fish, resulting in feminisation and premature egg yolk production in fish. Aside from effects on the reproductive system, these disrupters of hormonal activity have also been related to the prevalence of obesity and lately, schizophrenia. Cylindrospermopsin (CYN) is a freshwater algal toxin that is produced certain cyanobacterial species. The strains producing CYN are widely distributed in different regions of the world. These are Cylindrospermopsis raciborskii, Umezakia natans and Aphanizomenon ovalisporum. Cylindrospermopsin is a tricyclic alkaloid with a tricyclic guanidine moiety combined with hydroxymethyluracil. It is considered a globally important freshwater algal toxin. The tolerable daily limit for cylindrospermin is 0.02 g/kg body weight/day (2) . Ingestion of CYN can result in liver and kidney damage with bloody diarrhea and urine (2). Several methods have been developed for the detection of CYN (3). CYN has has a maximum UV absorbance at 262 nm, and an easily identifiable peak. The first screening method for CYN used reverse phase high performance liquid chromatography (HPLC) coupled with photo diode array detection.Later HLPC-mass spectrometry with electrospray increased the detection limit to 200 ÃŽ ¼g L-1. With tandem mass spectrometry, 1 Â µg of CYB can be detected. The techniques used earlier were quite expensive and the development of polymerase chain reaction amplification systems were developed so with

Statistic analysis of an exporting apple company Essay

Statistic analysis of an exporting apple company - Essay Example Statistic analysis of an exporting apple company This is statistically significant for this indicates that in promoting slow moving dog products, these items will be placed on the waist level shelves. This also applies for goods that need to be sold immediately like old stocks and products approaching expiration dates. Through this, inventory and the First-In-First-Out products will be controlled. An apple exporting company is currently retrenching and would like to reduce the number of packers in one of their processing plants from 3 packers to only 2. In finding out the most efficient packers, they conducted a 8 hour study for 6 days based on their speed in packing apples. Below are six study results for the three packers indicating the number of boxes packed in 8 hours. Which packer is best? An industrial psychologist is interested in brainstorming among groups as a means of solving complex problems and she decides to manipulate two types of problem â€Å"sets† or attitudes. She selects 6 groups of four people to participate in the experiment. Three of the groups are given problem â€Å"set† 1 and three of the groups are given problem â€Å"set† 2. In addition, however, two of the participants in each group are males and two are females. She measures number of problems solved by each individual after group discussions at the end of each of three sessions (max = 30). Examine all interesting effects, present important data, and consider problems in the analysis. Total Problem "set" 1 G11 Males S1 8 S2 7 Females S3 27 S4 24 G12 Males S5 20 S6 24 Females S7 27 S8 28 G13 Males S9 14 S10 18 Females S11 27 S12 26 Problem "set" 2 G24 Males S13 26 S14 30 Females S15 4 S16 8 G25 Males S17 26 S18 29 Females S19 15 S20 18 G26 Males S21 28 S22 28 Females S23 8 S24 12 1) sH0 : AProblemSet 1 = 2 G/A 1 = 2 = 3 = 4 = 5 = 6 BGender M = F (A)B 1M = 2M = 1F = 2F sHa : Not sH0 2) Between Subjects Hierarchical S2(G3B2/A2) 2-tailed (A): (1,4) = 7.71 (G/A): (4,12) = 3.26 (B): (1,4) = 7.71 (AB): (1,4) = 7.71 (GB/A): (4,12) = 3.26 3) = .05 4) Final Source Table: Source DF Sum of Squares Mean Square F-Value F-crit A Problem Set 1 13.50 13.50 .29 7.71 G/A Groups 4 187.83 46.95 10.25* 3.26 B Gender 1 48.17 48.17 1.36 7.71 AB Problem Set*Gender 1 1204.17 1204.17 34.12* 7.71 (GB/A) 4 141.17 35.29 7.70* 3.26 S(GB/A) 12 55.00 4.58 T 23 1649.83 A Problem Set, B Gender, and AB Problem Set*Gender F values are different from SAS output. Why 1 - First, have to test to determine proper error term to use; Fcrit (4, 12) = 3.26 , = .05 G/A / S(GB/A) = 46.96 / 4.58 = 10.25* so must use G/A to test A. F ratio for A = 13.50 / 46.95 = .29, NS Fcrit (4, 12) = 3.26 , = .05 GB/A / S(GB/A) = 35.29 / 4.58 = 7.71* so must use GB/A to test B and AB F ratio for B = 48.17 / 35.29 = 1.36, NS F ratio for AB = 1204.17 / 35.29 = 7.70* significant! (Didn't really need to do this because the group error terms were significant at .05 and cannot be pooled) Subsequent Tests: LSDAB = 2.78 [2(35.29) / 6] = 9.53 M Female-P1 - M Female-P2 = 26.50 - 10.83 = 15.67* M Male-P1 - M Male-P2 = 15.17 - 27.83 = -12.66* 5) The data indicate there was no significant main effect for Problem Set, F(1,4) = 0.29, MSe = 46.95, or for Gender, F(1,4) = 1.36,

What is art Aspects of the definition of art Essay

What is art Aspects of the definition of art - Essay Example Art is considered to be indefinable. Art has no specific characteristics or features. According to the romantic tradition, it is the subject of genius, whose perception is beyond any social limitation and therefore it is considered as indefinable. In simple words art can be defined as a skillful piece that is the creation of a human artist. However the artists of modern age constantly have been pushing the boundaries of this definition and challenging new perceptions. The human artists have often left the psychologist, philosopher and critics far behind when it comes to preconception. Readymade art or found out often challenges the job of an artist as the creator of art (Tolstoy, n.d.). It is not always that an art is indefinable. It can be defined by the help of the institutional theory of Art. According to these institutional theories of art, it can be defined by the help of its partial or relational properties. The procedure through which art has been developed can also be conside red as a way of defining art.According to the Formalist theory of art, the formal characteristic of artwork can be used to determine its aesthetic properties. This formal relation can be between its constitutive elements such as relationship between line, colors, volume and masses in the form of visual art work for e.g. paintings. There are theories present that confirm that content can be an effective contribution to the aesthetic value of artwork. This is the only story that supports such an argument. The general and non-honorific are two aspects of the classification of art and therefore it better to develop the understanding of the two aspects and the difference between them. The two main categories of art are fine art or applied and decorative art. Fine art consists of aesthetic objects that are not meant to be used to fill any kind of practical purpose or the art which is purely decorative but doesn’t have any facade of being considered as art. The foundation of concept ual or found art dates back to the time when Marcel Duchamp’s work was introduced, which was the representation of the enamel urinal as the subject of art. The object of questioning used by Marcel was purely based on the aesthetic view and the high level of aesthetic excellence that can be used as the instance of art. We can also observe that not always are these events the instances of art, irrespective of the fact that how they are being viewed by an institution. Objects can be classified as art or non-art. It order to place a project in the former category it is important to ask about the intention of the artist regarding his composition that whether it is aesthetic or the artistic appreciation, whether the creation of the artist is original or it is inspired by the work of others or whether the work is a reproduction or is it an object that is produced in bulk. Fine art, folk art and popular art can be distinguished from each other on the basis of several aspects. For e.g . in fine art almost every composition of the artist is original but there are so many reproductions of it present, whereas folk art is purely original with no reproduction or copy. However popular art can be distinguished from the other two form of art as all the work present in this category is merely copy and there is no originality present, or has been preserved. There are two aspects of the definition of Art i.e. horizontal and vertical. Both these aspects at times can be confusing and therefore it’s better to develop a clear understanding about them. The horizontal aspect of art is concerned with choosing the general aspect of different things and then contrasting it with different aspects of human culture. These aspects can be literature, science, sports, etc. Horizontal aspect can be considered as a non-honorific or general aspect of art in which different categories of art are included. These categories can be applied art, decorative art, amateur art, popular art, fo lk art and children art. According

Induction Plan Essay Example for Free

Induction Plan Essay The entire staff member must attend three hour of induction training. At the first two hour of the induction all the waiter, waitress and supervisor will need to combine to have their induction together. First I will welcome them to our organisation, briefly tell them overview of their duties, discuss the rule of our company, and an introduction to the benefits provided to all the employees. Besides that, I will take them to a tour around the restaurant and show them all the equipment in the restaurant. After that I will create an ice breaking session to let them introduce themselves to each other and chat a while with each other. In order to create team sprit among them, I will divide them in to groups to play a game or complete a task. A leader will be selected among them and groups with supervisor in it the supervisor will be the leader, but if the group does not have a supervisor in it they can just choose anybody to be the leader. After that I will ask them to have a role play, some of them will act as the customers whom are very hard to handle and some of them will be the supervisor or waiter of the restaurant. The people who act as the supervisor or waiter of the restaurant must find a way to settle the problem. They also need to switch their roles after they finish because every employee must have a chance to act as the customers and the waiter or supervisor of the restaurant. After the two hours of the induction programme, both waiter or waitress and supervisor need to have a separate induction programme in the next one hour. For the supervisors they will need to attend a briefing on how should they manage the restaurant and how they should treat their staff. I will also let them know what they should do when their staff did something wrong, how they should react in all kinds of situation and other important things that they need to take precaution while managing the restaurant. For the waiters and waitresses, they will need to attend a briefing on how should they treat their supervisor and what should they do if your supervisor does not do his or her duty as a supervisor. I will also let them know how they should react in all kinds of situation and other important  things that they need to take precaution as a waiter or waitress. A number of issues need to be decided in advance if an induction programme is to be successful . (Maimunah Aminuddin, 2009). So, I will make sure that the induction programme will go on smoothly. I strongly agree that, induction programme should be scheduled as soon as the new employee joins the company, the longer the delay, the less effective the programme will be. (Maimunah Aminuddin, 2009).

Cheating and Plagiarism - The Path to Self-destruction :: Argumentative Persuasive Essays

Plagiarism - The Path to Self-destruction Why do so many people use 123HelpMe.com simply to plagiarize other people's writing? Is it even possible that someone cannot write their own essay, or that someone cannot read a book of any length? If you plagiarize, aren't you sentencing yourself to failure? And if you cannot gather information, aren't you opening yourself to attacks from the System? I know many students who use sites such as 123HelpMe.com to "gather research" - steal other people's ideas and papers. Yet it still amazes me that people could be so naà ¯ve and lazy. Think about it: in high school, you are already expected to know whatever material you've been taught (hopefully). If you cannot get through high school without cheating, how well will you do in college? Professors check whether you have cheated, and you are required to write lengthy papers based on detailed research, which is not present on many Internet paper mills and notes sites. If you cannot read, write, and think on your own, you are doomed. Maybe not now, maybe not during your high school career, but eventually, you will flunk a class or get expelled for cheating. If your job requires you to write essays or gather information, and you "cheat" (gather information without citing it and getting permission) you will be sued and fired. During high school and college, you are more likely to hurt your grade than to get into serious trouble. (However, if your paper sounds too well written, or if a teacher finds that you stole information, you can still be expelled.) Let's face it: Cliffs Notes aren't the Holy Grail of research. If you read Cliffs Notes or Monarch Notes or 123HelpMe.com' essays, you are bound to miss important details. Any decent teacher will check whether you read a book, and to do so, he will ask you details and concepts from the work that you did not read. Cliffs Notes, shortchange you; there are few concepts and almost no details in those. Monarch Notes only have concepts. And most the free essays on 123HelpMe.com are filled typos and inaccuracies. Of course, one must pay a small fee to access the great and excellent essays on 123HelpMe.

An Introduction to Managerial Decision Making Essay -- Business Manage

An Introduction to Managerial Decision Making Phar-Mor, Inc., the nation’s largest discount drugstore chain, filed for bankruptcy court protection in 1992, following discovery of one of the largest business fraud and embezzlement schemes in U.S. history. Coopers and Lybrand, Phar-Mor’s former auditors, failed to detect inventory inflation and other financial manipulations that resulted in $985 million of earnings overstatements over a three-year period. A federal jury unanimously found Coopers and Lybrand liable to a group of investors on fraud charges. The successful plaintiffs contended that Gregory Finerty, the Coopers and Lybrand partner in charge of the Phar-Mor audit, was â€Å"hungry for business because he had been passed over for additional profit-sharing in 1988 for failing to sell enough of the firm’s services† (Pittsburgh Post-Gazette, February 15, 1996). In 1989, Finerty began selling services to relatives and associates of Phar- Mor’s president and CEO (who has been sentenced to prison and fined for his part in the fraud). Critics claim Finerty may have become too close to client management to maintain the professional skepticism necessary for the conduct of an independent audit. The Phar-Mor case is just one of many in which auditors have been held accountable for certification of faulty financial statements. Investors in the Miniscribe Corporation maintained that auditors were at least partially responsible for the nowdefunct company’s falsified financial statements; at least one jury agreed, holding the auditors liable to investors for $200 million. In the wake of the U.S. savings–and– loan crisis, audit firms faced a barrage of lawsuits, paying hundreds of millions in judgments and out-of-court settlements for their involvement in the financial reporting process of savings–and–loan clients that eventually failed. The auditing partners of Coopers and Lybrand, like partners of other firms held liable for such negligence, are very bright people. In addition, I believe that they are generally very honest people. So, how could a prominent auditing firm with a reputation for intelligence and integrity have overlooked such large misstatements in Phar- Mor’s financial records? How could auditors have failed to see that so many of their savings-and-loan clients were on the brink of failure? Critics of the profession suggest... ...fluenced by decision research has been behavioral finance. In the last decade, we have learned a great deal about the mistakes that investors commonly make. This chapter will explore these mistakes and apply the messages of the book to help readers become wiser investors. Chapter 8. This chapter outlines a framework to help the reader think about two-party negotiations. The focus is on how you can make decisions to maximize the joint gain available in a two-party decision-making situation, while simultaneously thinking about how to obtain as much of that joint gain as possible for yourself. Chapter 9. This chapter looks at the judgmental mistakes we make in negotiations. The resulting framework shows how consumers, managers, salespersons, and society as a whole can benefit simultaneously by debiasing their negotiations. Chapter 10. The final chapter evaluates five explicit strategies for improving judgment: (1) acquiring expertise, (2) debiasing, (3) taking an outside view, (4) using linear models, and (5) adjusting intuitive predictions. This chapter will teach you how to use the information in this book to create permanent improvements in your future decisions.

Agriculture in Jesus’ Time

The land of Jesus, the Promised Land (one name amongst many) is very well known by our people. During the time of Jesus, we were accustomed to walk from city to city because the area was so small, stretching from the Mediterranean Sea to the eastern border. We farmers took care of the land and made it blossom into the beautiful land it is today. Palestine holds amazing beauty that astonishes everyone who sees it. Our hills stretch across the plains with gracious lush sides. In comparison, our lakes, deserts, and forests are also astonishing. As beautiful as our land is, our climate can be frightening. One hot day and a freezing night to follow is what you might expect in our land. Today, temperatures during the day may reach seventy-two degrees, but don’t be fooled. Try visiting the barren of the Dead Sea; don’t be surprised at the 122 degree weather. With such temperatures, our water source is scarce. We treasure the Jordan River and the Sea of Galilee, for its beauty of course, but also because of or lack of water. Bread and wine is extremely important in Palestine. We value the bread and hold it sacred to our people. Jesus revealed himself when identifying a relationship between him and the bread. The wine is made from the fruit of the vine, grapes. Again, Jesus declared himself as the true vine, forming another close and sacred relationship between him and the wine. Our animals ware great. Animals such as the donkey are very important to our people because of their capability to withstand our everyday chores. A donkey, with its high value, is never to be eaten or offer up in sacrifice. We have many beautiful animals, both domestic and wild, that roam our lands, such as lions and porcupines. As a farmer, our jobs are to take care of the crops for the making of the bread because it is very important. We harvest the grain between the months of March and May. The rest of the year we make the bread for the people of our village.

Code of Hammurabi

The Code of Hammurabi â€Å"To make justice visible in the land to destroy the wicked person and the evil-doer, that the strong might not injure the weak. † The Code of Hammurabi was a law code written by King Hammurabi. The code was carved in a black pillar and was placed in a temple. This was so the entire village had knowledge of it. It was written sometime between 1792 to 1750 B. C. E. and was partly based off of the Code of Lipit-Ishtar.People in the 1700’s were punished, although punishments weren’t meant to exceed the crime, women had less rights and lower social standing then men, and they highly valued family. â€Å"An eye for an eye, and a tooth for a tooth,† represents a harsh sense of justice based on revenge. King Hammurabi made his laws this way to prevent crimes from happening. Once a person knew penalty of a crime the likelihood of the person committing a crime greatly decreased. Also, he wanted this all people were not viewed as equals.The punishments for the same crime committed by a free man versus a slave were incredibly harsher towards the slave. â€Å"If a man knocked out the tooth of a man that is equal his tooth shall be knocked out,† whereas if a slave had knocked out the tooth of a free man he would have to pay one third of mina of silver. King Hammurabi may have wanted quality but he did not achieve it through his laws. Woman may have played important roles in the Babylonian society, but they certainty were not treated this way.The Hammurabi Code is extremely gender bias towards women, the laws were meant to control the woman in the society. Women were viewed more as an arranged contract between the woman’s father and her suitor. â€Å"If a man has taken a wife and has not executed a marriage contract, that woman is not his wife. † If a wife is caught cheating in the act she can be strangled or become her husbands’ slave, whereas if a husband is caught cheating he has to pay said wife. Clearly, women were treated unfairly compared to men in this society.These laws were considered family laws. Family was the basic unit of daily life. Laws required deep respect towards parents. â€Å"If a son struck his father, his hands shall be cut off. † Hammurabi Code forbids incest. It states â€Å"if a man has committed incest with his daughter, that men shall be banished from the city. † Babylonian Society was very concerned about gender, class, and family. Women were viewed more as possessions then people. Women didn’t get to pick their husband; their father chose and made the arrangements with their future husband.A white male had a higher standing in society than a black man. If a white man and a black man committed the same crime, the black man would face worse consequences. You cannot disown your children legally, unless the said child committed a grave misdemeanor. The most concerned problem for Babylonian society was people lying in trial to a Judge. In most cases punishment for this was death, a serious problem that results in a serious punishment. The Code of Hammurabi showed the types of crimes they had thousands of years ago.

Stereotypes- Katha Pollitt

Stereotypes Almost from the birth kids are differentiating, girls are dressed in pink clothes and boys in blue. But they are just kids who behave almost in the same way, and their beliefs are changing with growing up. The only difference between them is their anatomy. Through genes, masculine and feminine traits are physically different. The mostly common stereotype is that girls should play with a doll, take dance lessons and be a nurse, not a doctor because it is a male profession. Why stereotypes are most important factors in our society to distinguish boys from girls?Following common stereotypes, toys are given to the children according to their gender. Consequently, boys are supposed to play with a truck and girls with a doll. Toy companies design specific toys, ones for girls and other for boys. Even aisles at markets are divided by gender. One is all in pink, with Barbie’s and kitchen sets. The second one is a mixture of colors, mostly of blue and red with trucks and gu ns. I wonder how it would look conversely, dolls in blue clothes and pink trucks. According to Katha Pollitt article, society gives children deceptive view of the world.She states, â€Å"†¦ to reject her is to say that what Barbie represents- being sexy, thin, stylish. † This quotation shows untruthful vision of the ideal women. A toy like Barbie negatively influences teen girls because this doll demonstrates an impossible body image. Fortunately kids are good observers and they know it is not true. Barbie and other toys can result in future psychological for the children because of the negative gender roles. The major reason lies only in our beliefs which we pass through generations.People lie in the stereotypes because is easier to be like each other. Sometimes being different and standing out from the crowd may have bad effects. I think it is fine and acceptable for a boy to play with a doll, and for a girl with truck. I think that boys playing with dolls can only hel p them show their emotions and feelings. Since we have the same rights, why is it seen in some way as eccentricity? There is only one major reason why people are so antisocial and sticking with the stereotypes.It is the traditional view of women as irrational, oversensitive person which destiny is to be a wife and mother. Roots of the current position and status of sexual differentiation lie in childhood and adolescence. During the process of socialization children learn how everything is functioning in the society. Also it comes to the shaping personality traits, needs and values of the system, as well as roles and patterns of behavior expected by the society. Both genders need some knowledge of other’s traditional role in the family life.Boys like girls should do housework and other stereotyped activities. There are two separate theories to distinguish boys from girls. Stereotyped toys and traditional view of role division, divide our society and leads us to think stereotyp ically. Therefore, I agree with Katha Pollitt, we should not limit boys and girl by toys according to genders. I don’t think it is not wrong for child to play with any toy or participating in any sports or activity as long as they are having good time and spending their time, and play appropriately.

Law Term Paper Example | Topics and Well Written Essays - 1250 words

Law - Term Paper Example Consequently, copyright law functions more as a tool to defend creators and not as a system promoting innovation and creativity. Indirect infringement in the US comes under vicarious liability (Shapiro, Bernstein v. HL Green 326 F.2d 304 (2nd Cir. 1963)) and/or contributory liability (Sony Corp. v. Universal City Studios, 464 U.S. 417 (1984)). Where as, in Canada indirect infringement is known as secondary infringement. At the same time with regard to "fair use" doctrine this doctrine can be used in the US in a very broad sense than in Canada. This means that the provisions of fair use are more liberally interpreted in the US than they are in Canada. This is the background of the discussion for this paper. The most important factor of copyright law is linked to the public interest. Copyright law actually protects and for ever tries to equalize the requirement for motivators for creativeness and the requirement to allow society to approach works created (B Kaplan, 1967; P Goldstein, 1970; R C Denicola, 1979; M J Radin, 1982; D Baird, 1983 and I E Novos and M Waldman, 1984). Widening the security rendered by copyright furnishes better incentives for generators, but constricts the public area, that is, the general cultural resources to which the public has contact. Bringing in the right balance linking adequate incentives for originality and limiting the public domain has at all times been, and yet is, one of the major tests of copyright law. The Canadian and US laws look very different on their face as one anticipates different consequences in both the countries with regard to infringement of copyright laws. This is true only to a certain extent. Therefore, when a report is published by the Canadian government or a group which is the agent of the crown can claim copyright of the report in Canada (Dableh v. Ontario Hydro, 1993)i. Whereas the same report, if published by any arm of the US federal government, cannot claim

Applied Portfolio Management Case Study Example | Topics and Well Written Essays - 1250 words

Applied Portfolio Management - Case Study Example It is very significant that no mistake is being made or else it can lead to important losses. Trading systems have several advantages and disadvantages. â€Å"The advantages of trading systems can be hidden when they become associated with trading platforms involving trade order submission and processing.   A clarification of their roles can help explain the benefits of using a trading system.   This can be done without identifying a particular platform or system. Once the platform infrastructure is isolated, a brief look can be taken at why a trader can benefit from a trading system† (Types of Trading System Resources, 2004, para. 4). A good trading system describes when trading must not be attempted, thus preventing forced trading under inconvenient circumstances. It should identify how to independently create a strong watch list of candidate trades to remove the need to chase after the newest hot tip from an advisor. For clear causes, trading systems have easy to use, t ake little of a trader’s time, completely objective and create consistent incomes. It also avoids big draw downs and provides clear trading marks. Once a trading system is reliable in use, extraordinary chances for setting and meeting realistic income goals become obtainable by using a model of accurate money management. A trading method is best learned from a master trader who remains actively busy in teaching. The master can teach the student tailor, the methods to his financial means, personality, skill level and risk tolerance. Another method is to merely read what has been written and adopt it to one’s personal circumstances. The benefit of rule based trading systems lies in its consistency and objectivity. When followed regularly, emotional trading and its connected mistakes are removed from the equation. As a saving, trading systems more than just paying for themselves, not only increases income but also the quantity of capital preserved. 1. Define the trading p lan and system, and must include the following: Trading plan and system can involve any stage of threat and achieve many different savings objectives. A Good trading plan will also give direction on stopping the losses. a. Setup Identification: Setup Identification is very important method of the trading system. There are a lot of actions that we cannot use to any "trading" amount as against "gambling" extent. In other words, if we put on the trade for the reason that you observe the setup, you are trading and if you just go for the action without seeing a setup, you are gambling. b. Trade Execution (entry and exit parameters, trade management). The execution of a command occurs when it is totally filled and not when it is located by the shareholder. When the shareholder places the trade, it goes to an agent who then decides the best method for it to be executed. Trade execution gives marketing and trading staff with tools to powerfully capture and verify financial and physical trad es for energy commodities. c. Position Sizing (money management and asset allocation). Position sizing is the very significant aspect of a trading system. A position sizing model simply tells how much or how big of a position is to be taken. It can be the key factor in deciding whether or not to stay in the game or whether the gains are huge or minimal. Position sizing is the significant method of Money management. Asset allocation is the most significant

Consequences of High Incarceration Rate Term Paper - 1

Consequences of High Incarceration Rate - Term Paper Example Research addressing the impact of parental incarceration on children has identified developmental, emotional, psychological, social, educational, and behavioral consequences for these children (Trice & Brewster, 2004). There is some consensus in the literature identifying some of the serious, detrimental consequences for children of all ages who experience parental incarceration. These issues must be identified and addressed as children of incarcerated parents are viewed as a unique, group with special service needs. The Bureau of Justice Statistics in an August 2000 special report identified a total of 1,284,894 prisoners of which, 721,500 were parents. Within this group of incarcerated parents, 46% resided with at least one minor child at the time of incarceration (Mumola, 2001). Of this group of parents incarcerated, 32% reported having more than one child less than 18 years of age (Mumola, 2001) and 37% reported living with their children in the month previous to their arrest (Mu mola, 2001). In the same year, 2.1 percent of the 72 million minors in the United States in 1999 had a parent in prison, which represents almost 1.5 million children (Harrison & Beck, 2006). Fathers were less likely to report living with their children prior to incarceration than mother, (47% federal inmates versus 73%). Of fathers imprisoned in 1999, reported the childs mother was their primary caregiver 90% of the time where as only 28% of incarcerated mothers cited their childs father as the primary caretaker (Mumola, 2001).

Assessment of Chinese culture Research Paper Example | Topics and Well Written Essays - 2000 words

Assessment of Chinese culture - Research Paper Example These cultural aspects included different religious beliefs, eating habits and diverse beliefs towards family planning methods. Through cultural biasness created, the researcher realized that Chinese distance themselves when communicating with other, avoid too many question by keeping silent and have a sense of humor. The researcher recommended nurses to build trusting relationships, advance their medical training programs and learn to communicate effectively in a multicultural environment. Lastly, the conclusion summarized what the researcher discussed under the research topic. Assessment of Chinese Culture Introduction Culture is an essential aspects and it plays significant roles in life of many people across the globe. Chinese culture is one of the oldest cultures that have been studied across the globe. The Chinese culture is dominant in the Eastern Asia whereby tradition, norms and values vary significantly among the provinces. They have different cultural components such as ma rtial arts, music, cuisine and many others. Cultural diversity enriches Chinese, yet it also poses varied challenges for nurses. This is because Chinese have cultural beliefs towards traditional medicines and such beliefs influences them on the way they treat illness and what constitutes good healthcare. They have beliefs on the way a person experiences and respond to pain or when one needs treatment. Nurses work with different people from diverse cultural backgrounds in order to deliver culturally competent healthcare. Therefore, nurses must embrace and understand varied cultural aspects in order to offer their patients culturally acceptable pain management. They should also be aware of the cultural beliefs, values and customs that might influence the patient’s responses to pain. Cultural belief can impact the role of nurses; thus, it is significant for nurses to stereotype patients in regard to cultural aspects. This will help nurses to understand the cultural patterns in o rder to deliver effective services. Thus, the research offers an assessment of Chinese culture and the way these cultural beliefs can impact the role of nurses; thus offering effective recommendations vital for improving nursing care in a multicultural environment. Summary of Chinese Cultural Aspects Chinese have different cultural aspects ranging from lifestyles, health practices, health beliefs and other different cultural aspects. A comprehensive interview was carried out in order to examine the way nurses build their nursing relationship with patients from different cultural areas. The qualitative data were collected through open-ended interviews in order to determine in case cultural lifestyles, health practices and health beliefs among the Chinese impact nursing roles. One man who is an M.D from a private health care organization and well conservative of Chinese culture, but living in America was interviewed. It was found that Chinese have varied health beliefs and practices t hat should be taken into consideration when dealing with Chinese patients. First, it was found that many Chinese avoid direct eye contact when communicating with others. For instance, many Asians consider it being disrespectful when looking at someone directly into the eye and this is likely to impact the roles of nurses in the hospital settings (Sagar, 2011). A Chinese patient may avoid eye