Lab Questions – Business

Money is a medium of exchange representing something's worth, usually through coins or banknotes. 2. How did religious views influence money-lending In early Italy? When did money lending become acceptable? Many religions frowned upon money lending. Italy contained many Christians and Jews and their biggest question was whether money lending was worth living eternally In hell. The practice of lending money only became acceptable when the Meddle family rose around the asses. 3. How did the Medici get around the usury laws?The Medici got around the usury laws by changing how people studied God, and by buying the ruling of the pope, since the pope could do no wrong, this made them exempt from Illegal money lending. 4. How did the bond market develop? The bond market Is a financial market where new debts are Issued; It Is used to support the expenditures of the public and government. 5. What Invention did the Dutch have that influenced the stock market? The Dutch invented the stock excha nge in Amsterdam, which acted as the first stock market in the world. Their first traded stock was for the East India company, and the idea blossom soon after that. What was the first joint-stock company? What determined the stock prices? A joint-stock company is a business entity that is owned by shareholders. The first joint-stock company was the Company of Merchant Adventurers to New Lands in 1553. Their stock prices were determined by how many shareholders their were. 1 . What is money? Coins or banknotes. 2. How did religious views influence money-lending in early Italy? Whether money lending was worth living eternally in hell. The practice of lending money only became acceptable when the Medici family rose around the asses. Exempt from illegal money lending. 4. How did the bond market develop? The bond market is a financial market where new debts are Issued; It Is used to support the expenditures of the public and government. 5. What Invention did the Dutch have that influence d the stock market? The Dutch Invented the stock exchange In Amsterdam, which acted as the first stock market In the world. Their first traded stock was for the East India company, and the Idea blossom soon after that. 6. What was the first Joint-stock company? What determined the stock prices?A Joint-stock many Is a business entity that Is owned by shareholders. The first Joint-stock company was the Company of Merchant Adventurers to New Lands In 1553. Their stock prices were determined by how many shareholders their were. Lab Questions – Business By architects 1 . What is money? Money is a medium of exchange representing something worth, usually through The bond market is a financial market where new debts are issued; it is used to support the expenditures of the public and government. 5. What invention did the company is a business entity that is owned by shareholders.

Lost in the labyrinth Essay

Emily is sitting in the park thinking about the argument she had just had with her mum and how she didn’t mean anything she had said to her. She all of a sudden realised the time â€Å"oh no I’m ten minutes late now mum will be even more annoyed with me† she says. Emily quickly starts to run home trying not to run into people or things. She arrived home but to her amazement there isn’t an angry mum waiting to tell her off at the front door. â€Å"Mum† Emily shouts â€Å"mum† but there was no reply so she shouts again â€Å"mum are you there†. Emily starts to look around the house but she can’t find her anywhere â€Å"ok then if she’s not here there will be a note† thinks Emily. So she begins looking for a note but there isn’t one anywhere. Emily then spots something on the floor â€Å"what’s this† says Emily. To her surprise it was her favourite book on the floor â€Å"I’m sure I didn’t leave this here† says Emily confusedly. Emily picks up the book and looks at the open page and there was her mum in the picture on the page and in shock she drops the book on the floor. Then Emily remembered the story in her book about the pixie king who desperately wanted a wife and who had a secret labyrinth. Emily starts crying and mutters to her self â€Å"why my mum out of all the people he could pick why my mum. When she had finished crying she turned around and there was the pixie king staring at her and laughing. â€Å"What have you done with my mum?† she cries. â€Å"If you really want to know ill take you there just close your eyes† says the pixie king. Emily closes her eyes. Emily opens her eyes and finds her self in a dusty field where all the grass is dead and in the distance she spots at the entrance of a labyrinth. The pixie kind returns and says â€Å"your mum will be turned in to my wife and will forget you and everything unless you get there in time which you wont,† laughs the pixie king. The pixie king vanishes â€Å"well how hard can it be† says the pixie king. The pixie kin g then reappears and says â€Å"oh and one last thing you have till 12:00 to get to my castle and give your mum this apple it will be too late†. Emily take the apple he gives her and as soon as she takes it he vanishes. â€Å"First I need to get to the labyrinth,† thinks Emily and she starts her walk to the labyrinth. Finally Emily arrives at the gates of the labyrinth â€Å"well this is it† Emily says worriedly and with a big deep breath Emily enters. Emily gives a sigh of relief â€Å"this isn’t so bad† Emily says. The labyrinth is brightly a colour and everywhere she looks there is different types of berries. â€Å"Yum just what I need† Emily says in delight. She reaches out for some strawberries. â€Å"NO NO NO don’t eat them do you have no common sense† says a voice from no where â€Å"Hello who said that† shouts Emily. Out of nowhere a pink and purple butterfly appears and says â€Å"it was me† â€Å"you can talk† says Emily in shock â€Å"of course I can talk says the butterfly†. â€Å"Fine then but I do have common sense and I know that when your hungry your suppose to eat† â€Å"oh you must be new around here I’m Pippy. You can’t eat those berries they make you forget,† says the butterfly. â€Å"Hello I’m Emily and thank you† thanks Emily. â€Å"One last thing how do you get to the pixie kings castle† asks Emily â€Å"well first you go left and I’m really sorry but you’ll have to work out the rest because I don’t want the king after me but if you ever need help just call, bye† says pippy and fly’s of. Emily follows pippy’s instructions and goes left. Emily then notices that every single path she takes is a different colour. Emily continues walking and when she turns the corner she hears an â€Å"oww†. She looks down and notices a worm wearing a black jacket and a top hat â€Å"this place just gets stranger and stranger† mutters Emily. â€Å"I’m not weird and you just kicked me which hurt† shouts the worm â€Å"I am very sorry† apologises Emily â€Å"are you ok† â€Å"yes yes I’m fine, I’m wiggle† replies the worm. â€Å"Hi wiggle, I’m Emily† says Emily â€Å"do you know the way to the castle† asks Emily â€Å"yes you go left and follow the path† says wiggle â€Å"thank you† says Emily thankfully. Emily turns left and follows the path. Emily arrives at the end of the path but she comes across a dead end. â€Å"Well that’s great,† she says. A voice from nowhere then says, â€Å"well you shouldn’t trust strangers† Emily turns around and sees wiggle. â€Å"Why would you do that† Emily says Shockley â€Å"well I couldn’t really tell you the way, I mean who knows what the pixie king would do to me but I’m telling you it wouldn’t be nice?† says wiggle. â€Å"Fine then I’ll do it by my self, GOOD BYE† shouts Emily. Emily goes back down the path and turns the corner and she sees a little pixie wearing a red and green outfit jumping on ladybirds. â€Å"Hey stop† Emily shouts at him â€Å"why should I there horrible things† replies the pixie. Emily picks up the ladybird, the ladybird pricks her. â€Å"Oww it pricked me† she drops the ladybird. â€Å"Well what do you expect† the pixie says â€Å"well not that† says Emily. â€Å" Who are you any way† asks Emily â€Å"who me† says the pixie â€Å" I don’t see any one else around† says Emily â€Å"oh I’m pixel† replies the pixie. â€Å"Please can you help me get to the castle† asks Emily.

Mkt 402 Exam

Question 1 6 out of 6 points Proactive pricing suggests that _____. Answer Selected Answer: a company develops strategies to maintain profitability in anticipation of a changing market Correct Answer: a company develops strategies to maintain profitability in anticipation of a changing market Question 2 6 out of 6 points Which of the following is the simplest price structure? Answer Selected Answer: price per unit Correct Answer: price per unit Question 3 6 out of 6 points ____ allows a company to vary its prices outside the scope of value and cost according to explicit or cultural rules or protocols. Answer Selected Answer: Pricing policy Correct Answer: Pricing policy Question 4 6 out of 6 points Pricing that reflects market conditions is _____. Answer Selected Answer: customer-driven pricing Correct Answer: customer-driven pricing Question 5 6 out of 6 points Price-cutting is one strategy of share-driven pricing to achieve sales objectives but _____. Answer Selected Answer: it doesn't sustain a long term market advantage unless competitors cannot match the price cut Correct Answer: it doesn't sustain a long term market advantage unless competitors cannot match the price cut Question 6 6 out of 6 points Cost-plus pricing is effectively opposite of a prudent pricing strategy because _____. Answer Selected Answer: it leads to overpricing in weak markets and underpricing in strong markets Correct Answer: it leads to overpricing in weak markets and underpricing in strong markets Question 7 6 out of 6 points _____ pricing suggests that prices should reflect the value a customer receives from a product or service. Answer Selected Answer: Value-based Correct Answer: Value-based Question 8 0 out of 6 points Marketing research is the key to creating good value because _____. Answer Selected Answer: it compares willingness-to-pay against the cost of producing the product Correct Answer: it analyzes how much value different combinations of benefits could represent to cutomers Question 9 6 out of 6 points A company that is willing to be a smaller company in order to be profitable is employing the _____ principle of strategic pricing. Answer Selected Answer: profit-driven Correct Answer: profit-driven Question 10 6 out of 6 points A _____ company focuses pricing to increase revenue relative to other investments rather than as a comparison to competitors earnings. Answer Selected Answer: profit-driven Correct Answer: profit-driven

Case analysis Coursework Example | Topics and Well Written Essays - 1500 words

Case analysis - Coursework Example To begin with, it is crucial to examine the threat of emergence into the MP3 industry. The threat of entry expresses a medium possibility since the cost of production is moderate. For instance, the cost of packaging, of iRiver, is ?69 and the entity can sell the same at ?163. This suggests that it may stimulate new rivals into entering the market because the cost of producing mp3 products is meager. In addition, there is a considerable product margin that attracts new competitors. IFPI issued reports of a speculated increase in demand of music in mobile phones and the internet. This may swap physical formats of storing musical information such as CD’s and DVD in the succeeding years. In turn, many companies would wish to enter the market and pose market share threat to existing companies. For instance, the Microsoft Company has launched an MP3 product that is known as Zune. Such a product may be a competitive rival with the Apple Company products such as iPod. However, such an entry might be constrained with the difficulty of gaining market share. The Apple Company is reigning as the market leader because they face economies of scale that prohibits new entrants from the market. Sales of iPods make a figure of over 10 million and a considerable margin cost. It is crucial to highlight that there are only seven dominant companies in the MP3 industry. This is in spite of the idea that there are over 100 companies that participate in the production and sale of MP3 products. This is a manifestation of economies of scale that bar competitors from accessing the market. Additionally, the concept of differentiated products makes existing companies indispensable. For instance, the Apples’ iPod Nano has superb features such as the ability for easy downloads of songs. It becomes difficult for new entrants to have products that can overcome the customer belief in the existing companies. The second component of the five porter model pertains to buyer’s ba rgaining power. There are several quality products that place the customer in a tricky choice scenario for the most appealing model. In addition, these models follow price setters such as Apple in delivering pricey products. For instance, Apples’ products go at steep prices of $ 299. This makes the consumer to lose their bargaining power because several customers would be willing to purchase the music players without consideration of their prices. In this perspective, the customers possess a low bargaining power. Another feature that presents, in the MP3 player industry, pertains to consideration of brands over price. This suggests product differentiation that sets high prices for its products. Companies such as Apple set steep prices and establish high switching costs to other brands. This further cuts down on the customer bargaining power as a considerable number would be willing to purchase due to the high utility that the products present. In the end, customers purchase p roducts because of their superb features and attractive appearance. Additionally, there is the threat of substitute products. The digital products have distinct features that place them at a platform whereby they cannot easily be replaced by other products. This creates a medium threat of substitute from other products. Besides, the digital music products possess notable advantages for customers. For instance, the iPods possess a high quality stereo sound that gives them an edge

Answer the questions Assignment Example | Topics and Well Written Essays - 250 words - 1

Answer the questions - Assignment Example The U.S. commercial airports obtain their revenue largely through selling their tickets to their customers. It includes offering air transport both within and without USA. Profits are generated when their revenues exceed their costs. Commercial aircraft operators are solely licensed to offer certificates that allow an airport to charge their customers for their flight services. They obtain their revenues from fees charged for these certificates. If costs are lower than fees, they then make profits. The Transportation Security Administration is an agency that has got authority over security issues of the travelling public while Federal Aviation Administration is an authority in the US national aviation concerned with overseeing and regulating all aspects of the American civil aviation. 7. The major U.S. commercial aircraft operators must adopt a specific TSA security program that requires the aircraft operator to designate certain security positions within their company. What is the name of the security program and what specific security positions does it require the aircraft operator to have? ( 3 points) The name of the program is the Twelve-Five Standard Security Program (TFSSP) that established security requirements and measures for aircraft operators. Security Coordinator together with TFSSP provides security of property and passengers travelling on flights. This is with the aid of the Twelve-Five aircraft operator. 8. The primary U.S. airport operators must adopt a TSA security program that requires the airport operator to designate a security position within their airport organization. What is the name of the security program and what specific security position does it require the airport operator to have? Its name is Secure Flight Program. It requires an operator to have a passenger’s details (full name, date of birth, redress number, gender and known traveller number). Redress is for those customers who feel that they have been mishandled;

Discussion week 9-2 Essay Example | Topics and Well Written Essays - 250 words

Discussion week 9-2 - Essay Example In view of the assignment given prior to the lesson (essay outlining the role of different people in society), the instructor will then evaluate the students understanding before the lesson and after the discussion (mentioned below). On the other hand, informal presentation will come in handy while carrying out some activities during this same lesson. I mentioned in the lesson plan that the lesson is predominantly a discussion; therefore, judicious review is a major strategy. This aspect ensures that information delivery is clear and concise while providing for students’ active involvement in information gathering and rehearsal. The power point presentation as a visual aid will further accentuate this method. Structured discovery will also work well in this same lesson. This is because the lesson is safe in view of environment and potential discoveries and failure is not imminent. The instructor first outlines a few of the objectives (occupations in society); the students are already consciously aware that people need to make a living by having an occupation. After this, it is up to the student to create a connection to other objectives, for instance, differences in occupations, benefits of different types of occupations and gender disparity in different types of

Restitution Essay Example | Topics and Well Written Essays - 750 words

Restitution - Essay Example On October 15,1999, Liam Youens a resident of New Hampshire, shot and killed a young woman she had been running a trail on for several years named Lynn Amy Boyer. Youens had developed an obsession for Boyer since their high school years and had created a website featuring information about Boyer and his stalking tendencies with plans of eventually killing her. Youens employed an on-line service called Docusearch,Inc., to acquire personal information about her, including her place of work and social security number. A Docusearch subcontractor gathered her employment details under a fraudulent "pretext call." The subcontractor pretended to be an affiliate with her insurance company. Docusearch then sold their findings to Youens, who then traced her workplace, murdered her as she was leaving for work and committed suicide. The parents of Boyer filed a civil lawsuit against Docusearch for unfair death, privacy invasion through intrusion upon seclusion, privacy invasion through commercial acquisition of personal information, violation of the Federal Fair Credit Reporting Act and the violation of the New Hampshire Consumer Protection Act, alleging invasion of privacy, negligence and violation of the state consumer protection act. The New Hampshire Supreme Court found Docusearch at fault along the following legal theories. The private investigator would be held responsible since his revelations create a foreseeable risk of harm. The court also declared that one whose social security number is obtained under pretence and without the owner’s consent may have a cause of action for intrusion upon seclusion for the harm caused as a result of the sale of the number by the private investigator. Finally, the court concluded that obtaining a persons workplace address and later selling the information is guilty of harm under the state consumer protection act. This case was a success for the victims. After the ruling that docusearch would be held culpable

Journal Assignment Example | Topics and Well Written Essays - 250 words - 53

Journal - Assignment Example The writer examines the different voting blocks and concludes that Blatter calls the shot due to a massive backing he enjoys. Although Prince Ali stands to gain more votes in Western Europe, and parts of America and Asia, he still does not stand a chance against Sepp Blatter. The Lyttleton’s article covers the concept of management in the world of soccer. There must be proper management if soccer standards are to be improved around the world. FIFA is a governing body that is responsible for the management of football in the world, hence the need to elect a competent President. The different voting blocks will be looking at the management skills of various aspirants and make a decision as to who would be given a mandate at the helm of FIFA. The other critical concept highlighted by the article is the issue of elections; elections are carried out to choose a team that will manage soccer. Every member of FIFA has one vote and equal rights to elect the leadership. In an exercise of democracy, the member countries will vote in may this year to elect FIFA

Profit Variance Analysis A strategic Focu Essay Example | Topics and Well Written Essays - 750 words

Profit Variance Analysis A strategic Focu - Essay Example Although, prima facie, it would seem that the Company is growing at a fairly good growth rate and is in good financial health, this may not bring out the entire picture. It is very much possible that certain key indicators of business performance, like market shares, Contribution, net worth, ROI, and P/V Ratio, that is Profit volume ratios may not be as desired, but these vital parameters lie buried under the avalanche of profit statements. The Analysis reported in Table 3 fails to address certain key questions regarding the marketability of products. If the Company is a single product catering to a single market, things are easy. But, if the Company is multi-producted, having, say two or three diverse product lines, would it be logical to assume that they have the same markets and customers. This may not be true. Different products may have different markets, diverse customers and separate market shares. To club all together, would be inadequate and misleading. Therefore, different market strategies, financial costing, and management accounting principles would have to be used for the different product lines. Only then would a clear and correct picture emerge regarding contribution, PV Ratio, ROI product wise, market share and estimation of fixed, variable, semi-variable and step-fixed variable costs be correctly estimated and determined. Question 2 : Does a favorable variance imply favorable performance Answer 2 : A favorable variance, or adverse variance, does not always imply favorable or adverse performance. The connection between favorable and adverse variance on the one hand, and the favorable and adverse performance on the other, would depend upon the laying out of the strategies in the context of business, and it is only after evaluation of execution of these business strategies that it could be possible to adjudge, whether a favorable or adverse variance necessarily implies favorable or adverse product performance. (Govindarajan & John, 1989). Question 3: Table 4 shows a rather elaborate and detailed analysis of variances of operating factors such as total market share, market share of the firm, sales mix, selling price and costs. The analysis considers almost all, if not all, the factors that are of interest and importance to management. Why is this analysis incomplete Answer 3: An important aspect of variance analysis is the implementation of strategic goal settings and the constant comparison of actual performance with the targeted strategic goals. This method is connected with strategic analysis and aptly manifests the significance of integrating strategic planning with the assessment of the overall financial performance. The performance evaluation, which is a critical component of the management control process, needs to be embedded into the strategic structural framework of the firm for optimum results. In a Company, the different strategiesimplies different specialized tasks and requires different corporate behavioral patterns for effective performance. In such a

Inks lake Research Paper Example | Topics and Well Written Essays - 1000 words

Inks lake - Research Paper Example Devils washtub is located in Inks Lake National park. This is a state park found in United states of America, Burnet County, Texas. The landscape of the park is hilly with many cedar, live oak, cacti and Yuccas. The ground of the park is rocky, mainly consisting of Gneiss rock. The park has a natural forest known as Ghost Forest. The Devils washtub / waterhole is a small extension of the Inks Lake National Park, which is almost completely surrounded by rocks. Tourists visiting the area conduct canoe tour within the Devils Waterhole. Diving and swimming is also done but without a lifeguard, at personal risk. The park also acts as a habitant for wildlife such as quail, deer, vultures and other many varieties of birds.The rocks within the Devils washtub are dated 1,232 million years old. The field trip was carried out to investigate the to investigate the geology of the area. The main type of rocks found within the area was Gneiss, quartzite, granite and amphibole/amphibolite.The most Common rock within the Devilstub - Gneiss is a laminated metamorphic rock similar to granite. It is a course grained metamorphic rock formed sedimentary rocks through regional metamorphism. The field research showed that these rocks contained a wide range of minerals, such as feldspars, quartz, mica minerals, aluminous and ferromagnesian silicates. The gneiss rocks were also found to contain some amounts of iron, nickel , silicon and cobalt. The granite rock among feld spar, quartz and mica also contained diamond and chalk.Some parts within the Devils water-mouth also contained the amphibolite rock. These kind of rock were found to contain some amounts of feldspar with little amounts of quartz. The trip study also showed that these rocks had severally undergone metamorphism,a change in the structure of rock by natural agencies such as pressure, heat or introduction of new chemical substances. For instance, the high temperature conditions,and pressure beneath

Home Health Assignment Example | Topics and Well Written Essays - 500 words

Home Health - Assignment Example The services most popular amid the home care agencies broadly include physical therapy, speech therapy and other consumer oriented medical facilities. The trained nurses can even provide advanced healthcare at home if supported with the diversified apparatus needed for such treatments (CARIE, 2008). Voluntary organizations that help in developing the healthcare needs can be identified as the American Association of Ambulatory Health Care (AAHC), Centers for Medicare and Medicaid Services (CMS), Joint Commission on Accreditation of Healthcare Organization (JCAHO), National Committee for Quality Assurance (NCQA) among others, who have been providing the home healthcare services within the society (Lundy & Janes, 2009). The initial health care plan for home care is identified as a defined period of certification. This certification needs to be renewed after the completion of its period for developing the effectiveness of the entire medical system. Hence, it gets an opportunity to be redeveloped based on the changing needs of the medical services. This could be duly identified as possessing a huge amount of development within the field of medical information (Pamela, Fenstemacher & Winn, 2010). The importance for documentation is thus noted to be one of the most important parts of the medical needs, as it would help in developing the instances of reimbursement and enhance the effectiveness of the system. Thus, the needs for documentation are important, as it helps in developing the overall attributes associated with such reimbursement and enhances transparency of the process. This further helps in developing proper documentation to be used for assistance in future (Pamela et al., 2010). Oasis C is a modified version of the Outcome and Assessment Information Set (OASIS), which is one of the compulsory documentations required for the home healthcare agencies. The purpose of OASIS-C is to provide a proper manual for the

Health Care Utilization Essay Example for Free

Health Care Utilization Essay Health care reform is not a recently devised concept. The government and health professionals have studied and tried to establish legislation that would assist the general population with a means of accessing adequate health care for decades. The task has proven itself as a daunting one although studied the world over. Individuals struggle with disease and illness that they cannot afford medical attention and treatment. Insurance companies price gouge or drop individuals from their insurance coverage. Reform has to be implemented to protect the public and provide across the board health care for every situation. Ronald Andersen wrote in the Journal of Health and Social Behavior there is a model of behavior that determines the seeking out of health services (Anderson, 1995). Anderson collaborated with Odin Anderson and wrote The Initial Behavioral Model in 1968 to assist in the analysis of national survey data collected by the Center for Health Administration Studies and the National Opinion Research Center at the University of Chicago (Andersen Anderson, 1967). The model explains that there are elements that may determine if an individual will access health services. Anderson explained, â€Å"I want to stress that the model was initially designed to explain the use of formal personal health services rather than to focus on the important interactions that take place as people receive care, or on health outcomes†(Andersen, 1968, p. 1). The Initial Behavioral Model (1960s) PREDISPOSING ENABLING USE OF CHARACTERISTICS RESOURCES NEED HEALTH SERVICES Demographic Personal/Family Perceived Social Structure Community  (Evaluated) Health Beliefs (Revisiting The Behavioral Model and Access to Medical Care: Does it Matter?, 1995) The president had legislation passed in 2010 to implement the Affordable Care Act. Today, more than 45 million Americans lack access to affordable health insurance. Additionally, many individuals who do have health insurance have incomplete coverage that may include exclusions for pre-existing conditions, or they may be one-step away from losing coverage because of a change in employment. Individuals with health insurance face increasingly high premiums and medical costs that drive some to bankruptcy or force choices between maintaining health insurance coverage and paying for other household essentials (HHS, 2013). These new regulations will provide consumer protections and the developing of a competitive market. Insurance companies will be required to spend a specific percentage on health care and not excessive administrative costs. There have been major changes to the accessibility of insurance coverage for individuals which have been diagnosed with a pre-existing medical condition. Insurance companies will no longer be allowed to deny insurance coverage for individuals, such as children born with life-threatening illnesses. This will also address lifetime limits on medical care. There has been a health insurance exchange in an effort to pool millions of people and allow them to examine various insurance coverage policies to determine the best policy for them and their families. Health and Human Services has implemented a website for the comparison of the insurance coverage options (HHS, 2013). There have been conversations for decades about the implementation of universal health coverage. The World Health Organization defines it as a goal to ensure that people obtain the health services they need without suffering financial hardship when paying for them. It goes on explaining, access to health services enables people to be more productive and active contributors to their families and communities†¦.financial risk protection prevents people from being pushed into poverty when they have to pay for health services out of their own pockets (WHO, 2012). There is a definite similarity with the concepts of universal health care and the Affordable  Care Act now in place in this country. Attempts are being made to ensure that all citizens can access health care and increase their wellbeing in the process. The expansion of Medicaid will benefit multiple low-income citizens who, through no fault of their own, are working at a minimum wage job. They are barely earning too much money to be eligible for assistance and are not making enough of a salary to afford health insurance coverage. It turns into a viscous cycle. The individual has to decide whether it is better to quit work and get assistance for medical care or to continue struggling and still not make the grade. There have been no major issues personally with the implementation of the health care expansion. The insurances that I carry are both the Medicare and Medicaid. Medicaid has changed in that they are requiring that there is a primary care physician (PCP) established to oversee medical services provided. The initial visit would be to the PCP where any examination and testing would be performed for the determination of the necessity of a referral. The PCP’s office would organize all medical records and coordinate with the specialist’s staff to establish a consultation. I consider myself an extremely fortunate individual because I have been able to have multiple medical issues addressed and corrected because of the medical coverage. The Medicare coverage is not as restrictive as Medicaid. Medicare allows the individual to access any physician or facility that the patient desires for treatment as long as their insurance is accepted. There has not been any specific positive or negative effect with this coverage. Medicare has provided successfully for preventive measures in my health services such as yearly mammograms, colonoscopy testing every two years (if deemed necessary through findings during prior examination), and comprehensive yearly physical examinations. Unfortunately, there is minimal dental coverage and no eye examinations available. There has been major skepticism with the Affordable Care Act being voted on and implemented in the governmental realm. It is exhibiting a number of positive actions implemented with the creation of this act. It is time that this country gives thought to the individuals which are suffering because of no fault of their own other than being on the lower end of the income scale. Also citizens are pleased with the inclusion of the poor souls battling daily with an affliction that requires more attention and treatment than they could ever afford. It is in this new light that people are viewing the creation of the Affordable Care Act and see that this should prove to be beneficial to every citizen within the national borders. Reference Andersen, R. M. (1995). Revisiting The Behavioral Model and Access to Medical Care: Does it Matter? Journal of Health and Social Behavior, 36, 1-10, retrieved from: http://www.jstor.org/stable/2137284 Andersen, R.M., Anderson, O.W. (1967), A Decade of Health Services, retrieved from: http://www.jstor.org/stable/1815595 Health and Human Services (2013), Strengthen Health Care, retrieved from: http://www.hhs.gov/secretary/about/goal1.html World Health Organization (2012), What is Universal Health Coverage, retrieved from: http://www.who.int/features/qa/universal_health_coverage/en/index.html

Secularism In India | An Analysis

Secularism In India | An Analysis Secularism in India as Gandhi and Nehru saw it is distinctly different from the Western view of secularism. The Gandhi-Nehru secularism places the importance of the states neutrality between Indias many faiths. Indias independence eventually came as a result of Congress success in 1946 elections,  [1]  and as a result the emergent India embodied an idea of a political community that was brought together by modern notions such as individual rights, democracy, and citizenship irrespective of religious or other markers of ethnic identity.  [2]  The Congress party embraced a version of nationalism that promoted an inclusive and plural vision of the Indian state irrespective of religious or other identities. According to Amartya Sen, the roots of Indian secularism can be traced back to its long and diverse multi-faith history.  [3]  Indias constitution grants its citizens, individual as well as group rights.  [4]  As such, Indias secularism tends to emphasize the neutrality of the state in religious affairs as opposed to a strict separation of the state from religion. According to Sen, the first view requires the state to be equidistant with respect to all religions meaning that the state treatment of different religions and religious communities will be symmetrical. The second view requires that the state has absolutely no relationship with any religion.  [5]   For the purpose of this essay first we will look if as per the Constitution India is secular State and second how Hindu nationalism affects Indias secularism. Evolution of constitution Nehru initiated the process of constitution making with the eight point resolution for Independent India on December 13th, 1946. According to the resolution India was to be a union of the provinces and the princely states. The constitution guaranteed the upholding of equality, justice, and freedom to the people of India. Along with these the constitution had special provisions for the people from the scheduled class, backward and under-developed areas. The constitution of Independent India had many things in common with the Government of India Act 1935 except the incorporation of Universal Adult Franchise as article 326 in June 1949 which marked its major differentiation with the Government of India Act.  [6]   The Constitution did not contain the word secular till the 42nd Amendment in 1976, in Article 25(2)(b). Prof. K.T. Shah was the only member who made an effort to get a provision regarding the secular character of India included in the Constitution. The following amendment, moved as Amendment No.366, was defeated on 3rd December 1948.  [7]   The State in India being secular shall have no concern with any religion, creed or profession of faith; and shall observe an attitude of absolute neutrality in all matters relating to the religion of any class of its citizens or other persons in the Union. The following extract from the speech of Pandit Laxmi Kanth Maitra on 6th December 1948 quoted by Justice R. A. Jahagirdar can be said to reflect the consensus of the members: By (a) secular State, as I understand it, is meant that the State is not going to make any discrimination whatsoever on the ground of religion or community against any person professing any particular form of religious faith. This means in essence that no particular religion in the State will receive any State patronage whatsoever.  [8]   As the BJP Home Minister L.K. Advani is quoted by James Chiriyakandath to have said: The Constituent Assembly drew up a secular Constitution essentially because theocracy is alien to Indias history, tradition and culture. The concept of Sarva Panth Sammabhav (equal respect for all faiths) has always been regarded as an essential attribute of the state and statecraft of our country.  [9]   The non-discriminatory character of a secular State is undoubtedly imprinted on the Constitution. There is individual and collective freedom of religion the right to freely profess, practice and propagate religion. Every religious denomination has been given the fundamental right to establish and maintain its own institutions and to manage its own affairs in matters of religion (Art.25).  [10]   While Article 25 gives individuals complete autonomy with regard to practice and performance of religious rituals, Article 26 allows every religious group an equal opportunity to operate within the prescribed domain, which is defined by the law.  [11]   Equal treatment of all religious denominations requires that the state does not associate itself with a particular religion or recognise a particular religion as the majoritys religion which in Indias case is Hinduism, the constitution rather disassociates itself from it. Article 27 stipulates that no person shall be compelled to pay any taxes, the proceeds of which are specifically appropriated in payment of expenses for the promotion or maintenance of any particular religion. Article 28(1) says: No religious instruction shall be provided in any educational institution wholly maintained out of State funds.  [12]   These articles indicate separation of state and religion. Moreover, the silence of Indian constitution over the provision of an official religion speaks the most about separation of state and religion. As Smith says, What the constitution does not say is just as important as what it does say. On citizenship, the Indian constitution recognises the people of India as the citizens where the state has nothing to do with their religion, faith, belief or caste and acclaims to treat all citizens equally. Article 15(1) ensures religion as not being a cause of discrimination. It states: The state shall not discriminate any citizen on grounds only of religion, race, caste, sex, and place of birth or any of them. Article 16(1) and (2) states: There shall be equality of opportunity for all citizens in matters relating to employment or appointment to any office under the state.  [13]   No citizen shall, on the grounds of religion, race, caste, sex, descent, place of birth, residence or any of them, be ineligible for, or discriminated against in respect of, any employment or appointment under the state. The employment of the three clauses, individual and collective freedom of religion, separation of state and religion and citizenship in the Indian constitution excludes the role of religion in defining the relationship between the union and its citizens. Emergence of Hindu nationalism and role of Hindutva in Indian politics The Bharatiya Jana Sangh (BJS) and the Akhil Bharat Hindu Mahasabha had been in the Indian political arena since 1951 and 1915 respectively. It was the political and institutional context of Indian politics in the 1980s, and not Hindu nationalist ideology per se, that facilitated the emergence of the BJP.  [14]  For BJP Hindu nationalism equates Indian-ness with Hindutva (Hindu-ness)  [15]  as the threat that nationality is based on territory and not religion.. For this essay the impact of Hindu nationalism on Indias secularism is explained by assessing a) the Uniform Civil Code, b) the Ayodhya controversy and c) Article 370 of the Indian Constitution which gives Kashmir special status within the Indian union. We also look at d) the saffronization of education in India through a reinterpretation of Indian history by Hindu nationalists. According to Savarkar a true citizen of India is one for whom India is not just the matribhoomi (motherland) but also the punyabhoomi (sacred land).  [16]  These two notions are congruent for Hindus Hindus, Jains, Buddhists and Sikhs whom they regard as the true citizens of India. According to this argument, Christians and Muslims pose a cultural threat to Indian (Hindu) culture since their punyabhoomi does not coincide with the territory of India. They can live in India so long as they do not assert their identities and conform to the larger Indian (Hindu) culture.  [17]   The Hindu nationalist agenda operates at multiple levels within Indian society. The BJP (and its predecessor, the BJS) serve as the political arm of Hindu nationalism. The RSS fulfils a militant and ideological role; the Bajrang Dal is an organization aimed at radicalizing Indias Hindu youth; the Vishwa Hindu Parishad works as a social and cultural body espousing Hindu nationalism (and even works with the radical elements within the Hindu diaspora); and the Vidya Bharti works as the educational arm of the RSS. Together, these and numerous similar organizations form what is known as the Sangh Parivar built around the RSS that aims to promote Hindu nationalism. In 1948 RSS was temporarily declared to be an unlawful organization and its activities were proscribed as a result of Mahatma Gandhis assassination by Nathuram Vinayak Godse, an RSS devotee. The Hindu Mahasabha, another political group of HIndutva escaped ban at this time but their activities were forbidden these groups were forced to maintain a lower profile. Since independence, Congress party dominated the Indian political scene until 1989. Congress partys hegemony began to gradually decrease after Nehrus death in 1964. Indira Gandhis imposition of emercy between 1975 and 1977 caused mass disillusionment with the Congress party across India. This ultimately led to the election of the first non-Congress party government in 1977, led by the Janata Party, a coalition of parties that included the BJS. Within this political context BJP formed in 1980 entered national politics in India. BJP tried an attempt to appear as a more moderate party and capture wider popular appeal which alienated the RSS, which in turn supported Rajiv Gandhi and the Congress party in the 1984 elections to demonstrate its displeasure.  [18]  As a result, the BJP returned to its Hindu nationalist ideological core. Use of religion by Indira Gandi in the state of Punjab to challenge the appeal of its regional rival, the Akali Dal, a Sikh religious party and later Raj iv Gandhis reversion of Supreme Court judgment that had granted alimony to Shah Bano  [19]  further assisted BJPs Hindutva cause rise. BJP used Congress partys decision to pacify the Muslim orthodoxy to argue that this step was contrary to the spirit and practice of Indian secularism as it privileged the sectarian interests of a particular religious community. In 1989 Rajiv Gandhi began his electoral campaign in Faizabad district, where the town of Ayodhya is located. There he promised to create a Ram Rajya (rule of Ram), again playing majoritarian politics. BJP started to openly criticise the Congress partys manipulation of religious symbols as pseudo-secularism. However, the Congress party lost the 1989 elections and the era of coalition and minority-led government of V. P. Singh which was supported by the BJP from the outside. In order to secure the support of the now mobilized lower castes, V. P. Singhs government put forth an affirmative action program the Mandal Commission that promised 27 percent of all government jobs and places in institutions of higher education.  [20]  In order to offset political split within the Hindu community, L. K. Advani launched a 10,000 kilometer-long rath yatra in 1990. He expected the twin pillars of Mandal and Masjid would ensure the rise of hindu nationalism rise in Indian politics. While the BJP was only able to win 7.4 percent of the popular vote in the 1984 general elections, its vote share increased to 21 percent in 1991.35 In 1996 the BJP formed a coalition government that only lasted 13 days, while the 1998 BJP-led coalition government, the National Democratic Alliance (NDA), survived for a year. Finally, in 1999 the BJP-led NDA government formed the first non-Congress government that survived the full five-year term with Atal Bihari Vajpayee as its prime minister. Jaffrelot has shown that the Hindu nationalist movements strategies include both radical and moderate elements.  [21]  The BJPs radicalized, militant nature is demonstrated by the Babri Masjid demolition in 1992 and the Gujarat violence a decade later ensured the support of its core constituency and the RSS. In spite of their coalition with ideologically different parties, the BJP succeeded in promoting a Hindu nationalist version of Indian history by implementing changes to the National Curriculum Framework.  [22]  The specific policy issues that were crucial to the Hindu nationalist agenda were; Uniform Civil Code: In the late 1980s the controversy created by the Shah Bano case gave the BJP the ammunition to criticize the policies of the Congress party as catering to minority-ism and being pseudo-secular. This case is an example of this tension between individual and group/religious rights guaranteed by the Indian Constitution.  [23]  The Indian state did not show the same zeal for reform in Muslim laws as it did while enacting the Hindu laws in 1955 and 1956. According to Articles 37 and 44 of the Indian Constitution, the establishment of a uniform civil code is a directive principle for the Indian state in making laws, even as it is not enforceable by any court.  [24]   BJP still remains committed to the implementation of a uniform (Hinduized) civil code. The Ayodhya Controversy: The destruction of the Babri Masjid at Ayodhya in 1992 and controversies surrounding this mosque had been around since the nineteenth century, this issue had remained dormant since Indias independence.  [25]  In the 1980s, the BJP used this issue as a political rallying point to unite the Hindu electorate irrespective of caste or language in an attempt to construct a Hindu vote.  [26]  As an electoral strategy the Ayodhya issue paid off. The BJP increased its vote share from 11.4 percent in 1989 to 21 percent in the 1991 general elections.  [27]  The construction of a Ram temple at the site of the destroyed mosque remains on the agenda of the Hindu nationalists. The Ayodhya controversy erupted again in February 2002. This attack had all the signs of a systematic and pre-meditated political violence on minority Muslims in which the state government was an active party. This led to the rise of Hindu nationalism supporters so much so that Narendra Mo di even campaigned on the Hindutva platform in the state elections in 2002 and won. The Hindu nationalists further threatened that Gujarat experience would serve as a laboratory to be replicated elsewhere in India.  [28]   According to Nussbaum, Hindu nationalism in general, and the Gujarat incident in particular, poses a serious threat to the survival of democracy in India.  [29]  However, the general outrage amongst the Indian public in other states led BJP to drop this issue from their 1999 NDA election manifesto try to replicate it in other Indian states. Article 370 and Kashmir: Article 370 of the Indian Constitution grants Kashmir special status within the Indian union. Kashmir is Indias only Muslim-majority state but enjoys special provisions such as restrictive land-ownership. Article 371 of the Indian Constitution allows the governments of certain states such as Nagaland and Mizoram in northeast India to legislate on the ownership and transfer of land in these regions, thereby restricting migrations of Indians from elsewhere in the country.  [30]  Indias Lakshadweep islands also enjoy a similar status as even Indian citizens require special permission to enter this restricted region.  [31]  However, it is only the Kashmir issue that is important to the Hindu nationalists given the complex history of its accession to the Indian union after independence.  [32]   Reinterpretation of History and Changes in the Educational Curriculum: In an attempt to show that India is the matribhoomi of all Hindus, the Hindu nationalist historians claim that the Vedic Sanskrit-speaking Indo-Aryan peoples were indigenous to India, thereby implying that no Indo-Aryan migration into the subcontinent ever occurred.  [33]  to show that all of Indias Hindus are the descendants of the original inhabitants of the subcontinent.  [34]  Islamic political dominance in the subcontinent has been reinterpreted by the Hindu nationalists to emphasize the more militant aspect of the rule of the Mughal Emperor Aurangzeb and the exploitation of their Hindu subjects. Periods of Hindu-Muslim cultural syncretism and good governance of Akbar is absent from the Hindu nationalist narrative of this period of Indias history.  [35]  Furthermore, these revised textbooks have deleted references to the assassination of Mahatma Gandhi in 1948 by a member of the Hindu Mahasabha. T he textbooks blame Muslims for the partition of India.  [36]  Since the BJP has a long-term agenda to redefine Indian identity, they were not hesitant to use their power while in government to redefine Indias past with the intention to mould the future generations understanding of Indias history along their ideological lines. According to the twin tolerations argument, a broad range of religious-state relations are possible in a democracy.  [37]  BJPs single major success has been the communalization of Indian politics by changing the discourse on secularism. It has affected in two ways. First, in spite of the rise of Hindu nationalism, a standardization of Hinduism appears to be occurring for the first time in the religions history. Second, Indias lower castes are increasingly conforming to the religious and social norms of the upper castes as they climb the socio-economic ladder. This is resulting in further homogenization within Hindu society.  [38]   Is India a secular state? What is India and who is an Indian are simple questions that are extremely difficult to answer.  [39]  One should note that the territorial idea inevitably becomes part of all nation-states, but territory does not have to be the defining principle of national identity.  [40]  The constitution makers without mentioning the word secular wrote a secular constitution. Though the constitution does not define who or what is a Hindu, but it defines followers of Buddhism, Jainism and Sikhism as Hindus for purposes of Hindu temple entry. Article 25 (2) (b) (Explanation II) states: the reference to Hindus shall be construed as including a reference to persons professing the Sikh, Jaina or Buddhist religionà ¢Ã¢â€š ¬Ã‚ ¦ Would this be to prevent the conversion of Dalits to Christianity or Islam, to reform Hinduism to make it palatable to the former untouchables? The Hindu Marriage Act of 1955 applies to (a) any person who is a Hindu by religion in any of its forms and developments, including a Virashaiva, a Lingayat or follower of the Brahmo, Prarthana or Arya Samaj; (b) to any person who is a Buddhist, Jain or Sikh by religion, and (c) to any person domiciled in the territories who is not a Muslim, Christian, Parsi or Jew by religion.  [41]   In other words, legally there is no such thing as a Buddhist, Jain, or Sikh marriage, is this another attempt to deny other religions a distinctive identity and absorb them in the Hindu fold? Although freedom of religion is granted under the constitutions Article 25 (1), in 1982, when a few hundred Dalits embraced Islam in Meenakshipuram, Indira Gandhi characterized conversions as a threat to national security and the central government took measures to curb conversions. Is it not ironic that the Indian state is ready to deploy army to cleanse out Sikh insurgents from Golden Temple and Muslim rebels from Charar-i Sharif, but not protect Babri Mosque from the Hindu activists? Article 16 (2) of the constitution prohibits discrimination in public employment on religious grounds. Per Presidential orders of 1950 and 1956 the beneficiaries of Scheduled Castes reservation can only be Hindus, Sikhs and Buddhists but not Christians and Muslims. Predominantly Hindu army of Kashmir was absorbed in the national army in 1947; whereas Hyderabads largely Muslim army was disbanded, rendering nearly 20,000 jobless. Are Indian armys infantry regiments not still based on religion (Sikh regiments), or ethnicity (Gorkha) or caste (Rajput) or region (Garhwal) in which members of other faiths, ethnicities, and regions are barred? Are government school texts in Hindi and regional languages not saturated with signs, symbols idioms, phrases, and icons of Hinduism? Have the textbooks of history and social studies not been filled with gross distortions of Indian history of all eras, ancient, medieval and modern portraying Muslims and Christians to be the villains, traitors and foreigners? Based on the constitution and political practice including congress partys can we not say India is as secular as India can be No Less, No More.

Lateral Ankle Sprain Injury Health And Social Care Essay

Lateral Ankle Sprain Injury Health And Social Care Essay The aim of this essay is to provide a factual study and evaluation of the implications of a lateral ankle sprain and the pathopysiological processes that may be involved. This study discusses the social and psychological factors that may impact on the patients experience of such injuries, highlighting the importance of . The following case study on Mr Attallah Khan provides a platform to discuss presenting biopsychosocial factors that need to be considered when devising a management plan. Mr Khan sprained his ankle whilst taking part in a three legged race. He turned over on his right ankle experiencing intense pain with inability to bear weight. The main structures within the ankle that would be affected in this type of injury would be the three main lateral ligaments that help to prevent the ankle form rolling forward and outward together with the muscles of the lateral compartment, peroneus longus and peroneus brevis.( re the anterior talofibular ligament, the posterior tablofibular ligament and the calcaneofibular ligament.) Hubbard T, Wikstrom E, states that anterior talofibular ligaments (ATFL), reported to be the weakest is the first ligament injured. This is followed by calcaneofibular ligament (PTFL) and finally to the posterior talofibular ligament (PTFL). X-rays of right ankle showed no fractures. Mr Khan is a week post injury and at sub acute level of inflammation. The subacute stage is when healing and repair occurs. As a result of the inflammation Mr Khan has experienced soreness and swelling that causes him a lot of discomfort at the end of the day. He uses the crutch to help him get about but finds it difficult managing stairs and manoeuvring around the office. Hubbard T, Wikstrom E states that in order to regain stability of the ankle joint, immediate care and rehabilitation should focus on enhancing ligament healing. 2. Mr Khan lives with his wife and two children. He has been recently promoted to Partner in a city law firm. He is fairly active and enjoys family activities such as playing with the children and family walks. Mr Khan may feel immense pressure and anxiety to carry on with his normal daily duties at home and at work despite his injury. He suffers from tension headaches which may be a result of heavy work pressures as a result of his demanding position, for this he takes ibuprofen. Although Mr Khan takes for his headaches it may slow down the healing of the damaged ligaments. NSAIDs work by inhibiting the production of prostaglandins, substances that are involved in pain and also in the creation of collagen Warden S.J et al ( 2009) Collagen is the key element of most tissues and without prostaglandins collagen cannot be made which will hinder the repair of the tissue. By taking such painkillers Mr Khan may continue daily duties without the signals of pain resulting in further injury t o the affected area. Mr Khan also continues to work and has to also commute to the city and meetings, this lack of rest and weight bearing on the ankle may further delay the healing process. Mr Khan has forthcoming plans to travel in four months to America and then to Pakistan this will make a quick recovery his main priority. Mr Khan is a successful professional, intelligent and very motivated. With this in mind (Hegna T, Sveram M 1990) states that it is important to structure a rehabilitation plan that may influence motivation during recovery and it is necessary to try and identify which factors arouse each individuals motivation so that strategies can be used to enhance it. In order provide a successful plan for rehabilitation it would be necessary to set achievable, realistic goals in line with Mr Khan desired outcome which to walk again uninhibited by pain or swelling. To achieve full compliance may prove to be very difficult but the practitioner being seen as the professional whose role is to help patients achieve their objective may promote patient adherence. In Mr Khans case the management plan must include functional activities that are designed to initiate full recovery of the injury which will in turn allow Mr Khan to get on with his life. Management of Mr Khans lateral ligament injury will involve protection, rest, ice ,compression and elevation (PRICE) and function rehabilitation ie. Early mobilisation with support states Mattacola G, Dwyer K (2002). Research shows that early mobilisation of the joint will stimulate collagen bundle orientation and therefore stimulate healing. The primary goal for Mr Khan is to manage the pain, control the inflammation and protect the joint so that healing can take place. Hubbard T, Wikstrom E, (2010). state that in the acute stages of healing it is important to protect the lateral ligament of the ankle because the damage caused would have caused increased laxity. Protection is required with ankle bracing to prevent re-injury while the ligament heals. Rest is a necessary element to Mr Khans plan, this may however be difficult to enforce as Mr Khan is a very active man and may feel it necessary to place his treatment plan secondary to his family and work commitments. Enforcement of thi s rule may require discussions with Mr Khan in order to identify the factors that may hinder him from fully resting his ankle, this may also require the supervision and cooperation of the rest of his family. Factors to consider may be his workload as a new partner in the solicitors firm in which he works, together with the fact that the climbing of stairs with a crutch to get to his office is proving very difficult for him. This may require a temporary relocation of his office to the ground floor or a period of working at home until Mr Khan is able to bear weight on the ankle. Mr Khan is an intelligent man and needs to appreciate the logic in the activities he has been asked to do. It is important for the rehabilitation plan to reflect Mr Khans objectives but equally as important is the requirement for Mr Khan to cooperate and fully embrace the plan in order for it to be successful. Mr Khan must also elevate the ankle to reduce the swelling which will result in less pain; an ice com pression will also assist in this process. With less pain present Mr Khan may begin to engage in gentle mobilisation techniques leading onto exercises that restore motion and strength usually within 48 to 72 hours of injury. It is vital that the patient has complete confidence and have an understanding that if they cooperate and comply with each stage of the plan it will eventually lead to a successful outcome. Dividing the rehabilitation up into short term goals such as reducing the inflammation resulting in less pain progressing to long term goals will allow both patient and practitioner to monitor and measure the success of the treatment and make adjustments where necessary. When short term goals are accomplished this then provides encouragement and motivation for future stages in the treatment. Mr Khan must understands that if the inflammation is first addressed and dealt with then the pain will subside leading to increased range of motion and joint stability, thus leading to a return of activities of daily living (ADL). Patients can become non-compliant to treatment plan if they do not appreciate the rationality behind what they are asked to do. Ley. P. (1988) states that by Improving communication by either increasing the amount of information provided or by using special techniques can often led to increased understanding, recall and satisfaction. Mr Khan is impatient and frustrated with his injury and feels that it is an obstacle to fulfilling the commitments he faces with this in mind it is important to explain why it is necessary to engage with to the treatment and failure to do so may lead to a delayed recovery, that may prevent him from not only continuing in his weekend walks with the family but also may result in him having to cancel his forthcoming travel plans. The Biopsychosocial model of health best fits this case as it is vital to take into account the biological, psychological and socio-cultural factors surrounding Mr Khans case. By not focusing on the injury in isolation but taking into account Mr Khans lifestyle, mind-set, commitments, education, perception of control and his ultimate goals, a precise achievable treatment plan can be devised to help restore him not only back to full, pain-free mobility but to his role in society as a husband, father and lawyer.

Apocalypse :: essays research papers

Apocalypse FOLLOWING IS AN IMPORTANT REVELATION BEING MADE TO THE GENERAL PUBLIC. THIS IS THE ONLY TIME YOU WILL BE CONTACTED. Disclaimer: The following information contains predictions of the future. This has been written for people who want to know what is on the horizon for humanity, and most importantly, WHAT THEY CAN DO ABOUT IT. Please understand that if you read this material, you will be doing it by your own choice. If your reaction causes you to want to report me to AOL for sending unsolicited email, it could result in my account being closed. I don't ask that anyone believe what I say just because I say it. I do ask that if you choose to read this material, please suspend your judgment of it until enough time passes for its validity to be proven or disproven. Please don't let your personal beliefs cause you to want to deprive others of receiving this. Written October 20, 1996 NOTE: This document is quite lengthy, so it might be best to either print it or copy it to your word processor so it may be read off-line. Dear Friend,   Ã‚  Ã‚  Ã‚  Ã‚  The choice of whether or not to read this message all the way through may have important consequences for you as the events of our immediate future unfold. This is being done solely for the benefit of others so that people may understand what to do about the times now approaching humanity. What I'm about to explain will strike many people as ridiculous, because this kind of thing has been predicted over and over again and people are not inclined to take things like this seriously. I am not your average tabloid psychic. In fact, I'm not a psychic at all. I am what could be called a modern day seer, but I prefer to be thought of as just a human being with an important message.   Ã‚  Ã‚  Ã‚  Ã‚  I have studied prophecy and the techniques used to produce it for many years now. Through a combination of my own findings, the prophecies of Nostradamus, the prophecies given by Jesus and the prophet Daniel, I have figured out the future of humanity. As stated above in the disclaimer, the reader's belief in what I say is not necessary at this point.   Ã‚  Ã‚  Ã‚  Ã‚  This message has been written over and over again since I first set out to do this. In previous versions, I have tried to describe what will cause the rough times to come... but everyone is pretty much aware of the world's problems and they don't really need to have it all pointed out to them. Besides, it makes the message unnecessarily long.

No Magic in William Shakespeare’s Words Essay -- Biography Biographies

No Magic in Shakespeare’s Words A good work of fiction is greater than the sum of words the author invested in it. Shakespeare is a "great" playwright because his plays bear the load of much speculation and creativity from all its interpreters, not because he thought of every possible last detail and symbol and elucidated it clearly. The collaborative flexibility of a play is especially valuable to plays that predate the emphasis on originality and copyright that became more important to writing in the 18th century as authors like Coleridge and the other Romantics began to extol the virtues of imagination and personal creativity. In Shakespeare’s time, one’s work was not one’s own. When a work was sold to a publisher, it belonged to the publisher to be edited and altered how he chose. When writing for a theatre, like Shakespeare, the play was fair game for anyone in the company to edit and "fix." An acting company bought the play just as a publisher would. Plays were also frequently written in teams for speed, since in the late 1580’s and early 1590’s when Shakespeare was starting out, the canon of English drama was less than a decade old, all plays were premiere plays, with new ones being introduced every fortnight. Alterations were made constantly, as overworked actors added or transposed lines from others of the twenty roles they were performing at the same time, scenes were added to allow time for costume changes, or the censors required line or plot changes. The author, or one of the authors who each had written an act or parceled out scenes from the outlines play, or perhaps one of the actors or another playwright was on hand during the rehearsal process to make emendations to the play. The second half of Sha... ... This way, Shakespeare can remain our cultural hero, and what doesn’t work need not be completely cut, but is understood as the detritus of the time period in which he lived remaining in the work. Thus, "it is not so much that Shakespeare appears as a part of Elizabethan culture, but rather that Elizabethan culture appears as a part of Shakespeare"(Shepherd and Womack, 92). Theatre is collaborative in the extreme, and modern attitudes about authorship and originality cannot change that fact. Thus, it is not Shakespeare that preserves Shakespeare’s works as the English language’s greatest works; it is the people that continue to produce his plays. No matter how the work is performed, cut, altered, updated, this is what keeps Shakespeare alive. There is no magic in Shakespeare’s words that his readers did not bestow on it. We create or break a work’s greatness.

Toxoplasma Gondii Essay -- Disease/Disorders

Toxoplasma gondii are deadly parasites that infect millions of unknowing people around the world while causing anything from schizophrenia to abortions. An article in the Emerging Infectious Disease Journal relates that â€Å"T. gondii is an intracellular parasite in the phylum Apicomplexa† (Torrey and Yolken 1375). About ten thousand years ago humans started utilizing agriculture. The population density increased, creating opportunities for epidemic transmission of many kinds of parasites, including T. gondii. Currently, evidence suggests that the most prominent strain is the result of a cross between two parent offspring, an event that took place during this time period; however, according to many scientists exotic strains have existed for about one million years (Volkman and Hartl 353). At least fifteen distinct T. gondii strain types have been found throughout the world. The NE-II strain is more likely to be associated with premature birth and severe disease manifestatio ns. NE-II parasites are more common along the Gulf Coast and Pacific Coast than other areas of the country (McLeod). T. gondii reproduce both asexually and sexually (Volkman and Hartl 353). Asexual multiplication by cell division can occur in virtually any host cell as long as that cell is in a cat (Dubey). T. gondii is a wide spread parasite that can be deadly to some host while going unnoticed by others. Toxoplasma gondii can have devastating effects on people with weak immune systems. If untreated, congenital toxoplasmosis can have serious consequences for a child’s quality of life (McLeod). It states in the Gale Encyclopedia of Children’s Health, â€Å"Children and adults with weakened immune systems have a high risk of developing serious symptoms† (Davidson). C... ...."The Stanley Research Medical Institute.† n.pag., 2008. Web. 25 Apr 2012. McLeod, R. "Test Links Strains of Common Parasite to Severe Illness in US Newborns." Medical Xpress. National Institutes of Health, 2012. Web. 13 Apr 2012. . Torrey, E F., and Robert H. Yolkin. "Toxoplasma Gondii and Schizophrenia." Emerging Infectious Disease Journal. Centers for Disease Control and Prevention, Nov. 2003. Web. 16 Apr. 2012. . Volkman, Sarah K. and Daniel L Hartl, "A Game of Cat and Mouth." Science 299.5605 (2003): 353. MasterFILE Premier. Web. 13 Apr. 2012 .

It’s Your Ship

Book Information Title: It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy Author: Captain D. Michael Abrashoff Publisher’s Name: Warner Books, Inc.Publisher’s Location, Year of Publication: New York, NY, 2002 Number of Pages: 210 pages Content The overall objective of the book is to teach new, and old, leaders to become better leaders. While anyone can benefit from reading this book, the intended audience is leaders in any organization. One statistic that should be alarming to all leaders of businesses was that 65 percent of people leave their companies because of the managers (Abrashoff, 2002). How do leaders change that statistic?Abrashoff believes that running a ship is very similar to running any business; it takes motivating a crew to perform at the best of their abilities to achieve optimal efficiency and completion of tasks. He successfully takes his experiences from leading a Naval crew and teaches the audience how to apply it to t heir organizations. Along with highlighting every winning moment he and his crew experienced on the USS Benfold, Captain Abrashoff also shows failing moments the team had to endure. Those examples show the audience that in order to succeed, there has to be some trials along the way.Abrashoff introduces readers to the 11 lessons he has learned that helped him become a better leader: take command; lead by example; listen aggressively; communicate purpose and meaning; create a climate of trust; look for results, not salutes; take calculated risks; go beyond standard procedure; build people up; generate unity; and improve the crew’s quality of life. He dedicated a chapter to each lesson and explains the importance of each and how to apply them to any business. Chapter one talks about how Abrashoff became the captain of USS Benfold and how he had to take command.His first obstacle was wondering if everyone was going to like him. He quickly realized that â€Å"be likable is not hi gh among a ship captain’s job requirements†¦ to be respected, trusted, and effective† is (Abrashoff, 2002, p. 12). After that, he realized â€Å"a challenge for leaders†¦ is attracting and retaining †¦ the best employees and more important, how to motivate them so that they work with passion, energy, and enthusiasm† (Abrashoff, 2002, p. 12). Leaders need to listen to their employees so they can better understand what they are going through. Along with listening, employees need to be motivated.Motivation helps employees want to do their work and do the best job. Another obstacle was learning the real reason why soldiers were not re-enlisting. Abrashoff (2002) stated the following: I read some exit surveys, interviews conducted by the military to find out why people are leaving. I assumed that low pay would be the first reason, but in fact it was fifth. The top reason was not being treated with respect or dignity; second was being prevented from maki ng an impact on the organization; third, not being listened to; and fourth, not being rewarded with more responsibility. p. 13) All of those reasons are very similar to why people are leaving civilian jobs. Only one conclusion could come from it: all leaders are making the same mistakes. The best answer for those obstacles was summed up perfectly when he talked about his organizing principle. Abrashoff (2002) said â€Å"the key to being a successful skipper is to see the ship through the eyes of the crew† (p. 13). The leader does not always come up with the ideas; leaders would benefit greatly if they listened to their crew more. Empowering employees makes them realize their potential.When â€Å"given the right environment, there are few limits to what people can achieve† (p. 31). After taking command, a great leader must lead by example. In chapter two, Abrashoff discovered â€Å"90 percent of the time, I was at least as much a part if the problem as my people wereâ €  (p. 33). When things go wrong and tasks are not completed, a manager usually blames the employees. Abrashoff used a different approach; he looked at himself and wondered what he may have done wrong in certain situations. By recognizing their own faults, a leader can learn from them and show their employees that they are learning from them.There were four sections of the chapter that was very important. The first section was on remembering the effect one has on people. Leaders need to understand how they affect their people, â€Å"their optimism and pessimism are equally infectious† (p. 35). If the leader is in a bad mood, the employees will sense that and be in the same mood. Abrashoff talks about his â€Å"dark side† and how he purposely stays away from his crew when he is having a bad day. The second section talks about holding leaders accountable. Leaders need to make sure they recognized their part in a mishap and take some of the blame.The Washington Post te st was the next section. If there is any concern on whether something is the right thing to do, picture it being on the front page of a newspaper. Would it cause embarrassment or would it be something to celebrate? Abrashoff thinks that every decision a leader can make should be based on that test. The last section is about obeying a policy even when a leader disagrees. There are plenty of times a manager will disagree with a policy or procedure handed down by upper management; a great leader will support it anyway.Undermining superiors will show employees that they can do the same. In chapter three, Abrashoff stresses the importance of listening. He talked about his experiences with watching William Perry have conversations with people and how Perry always gave his complete attention to each person. In result, Perry was respected and people felt good in his presence. Abrashoff started to focus on really listening to his crew and treating each conversation like it was the most impor tant conversation he was having. While having these conversations, Abrashoff learned to â€Å"see the ship through the crew’s eyes† (p. 4). He discovered that his crew had many good ideas about how to make the environment more enjoyable; they were there every single day and knew a lot about the day-to-day operations on the ship. It would make sense to listen to their ideas. One of his first goals was to learn every soldier’s name, their spouse’s name, and all the names of their children. Then, he continued to learn different things about each of them. He talks about realizing his crew was just like him, â€Å"they had hopes, dreams, loved ones, and they wanted to believe that what they were doing was important† (p. 46).In turn, his crew earned more of his respect and it became easier for them to talk to him and share their ideas. Finding round people for round holes was his next point in the chapter. Since he knew his people so well, he was able to match them with the perfect job. After having an assistant that was not good at handling paperwork, Abrashoff found a younger seaman named David Lauer, who was labeled as a â€Å"troublemaker† to take over the task. Lauer shined in that task and Abrashoff asked him why he had so much trouble in his last job. The seaman said that he felt like his suggestions were not being heard and he just gave up.This example proved that listening aggressively can benefit leaders immensely. â€Å"Word magic† was the last lesson Perry taught Abrashoff. Abrashoff believed â€Å"if leaders back their words with action†¦ practice what they preach, their words create a self-fulfilling prophecy† (p. 50). Every time someone talked about the USS Benfold, it was referred to as â€Å"the best damn ship in the Navy. † He wanted his crew to say it so they believed it and in turn, everyone else believed it. The next lesson is about communicating the purpose and meaning of every task.Abrashoff said it best in the first sentence of chapter four, â€Å"the whole secret of leading a ship or managing a company is to articulate a common goal that inspires a diverse group of people to work hard together† (p. 52). When employees understand why a task it needed and how they can benefit from it, they are more likely to give their all in completing it. It is a shame that someone spends so much time at work and does not believe in the work they are doing. He wanted his crew to really love what they were doing every time they boarded that ship.If a leader makes their crew think they can do anything, they will believe it. Abrashoff thought that if he communicated with his crew about everything, they would understand and be more involved. He was against keeping his people in the dark, â€Å"secrecy spawns isolation, not success† (p. 55). It would be an advantage to the entire team when everyone knew the goals. That ties into opening up the clogged channels in an organization. By communicating the information effectively, the team produced better results. Abrashoff gave the example of the communication system in the Gulf War and how vital messages were never received.With the idea from one of his crew members, John Rafalko, the airways were cleared and messages were received. Abrashoff gave complete credit to Rafalko, claiming he only listened to the idea and supported Rafalko. Chapter five addressed the importance of creating a trusting environment, â€Å"the best way to keep a ship—or any organization—on course for success is to give the troops all the responsibility they can handle and then stand back† (p. 63). When employees are trusted to do their jobs, it makes it easier for them to focus on the task, not the micromanaging.Another way to encourage trust in the workplace was to not make employees compete against each other. Abrashoff wanted his candidates to work together instead of working against each other . He believed that that competition created distrust and division among the crew and in the long run, did not help the entire crew. Abrashoff said that anyone can bounce back from a bad decision. By helping someone recognize their screw up, it sends a message to the entire team that they will receive the same attention. By giving up on someone, â€Å"they understand instantly that there’s no room for redemption†¦Ã¢â‚¬  (p. 7). Also, never bring a problem to the boss if it can be fixed without him; Abrashoff did advise to only get the boss involved if it cannot. Finally, when dealing with a difficult boss, it is best to shield the crew from that person. The morale stays high and it is less likely for employees to be corrupted or turned off by that person. The chapter on looking for results, not salutes, talked about looking at every one as an equal. Abrashoff encouraged leaders to let their crews speak up with their ideas; they should be able to question the authority.B y knocking down barriers between the captains and the crew members, it encourages people to get to know one another and be more likely to speak up when something can be done better. Abrashoff gave many examples throughout the book about his team questioning some of the decisions and policies in place and in the end, the team improved some things. Here, again, he stresses the importance of involving the team in everything and letting them get involved in the decision-making process, â€Å"innovation knows no rank† (p. 96). With the achievements, he did tell leaders to accept failures.Leaders should not reprimand employees when they make an attempt to solve a problem and it does not work; everyone should have the â€Å"freedom to fail† (p. 94). The next chapter talked about taking calculated risks. Employees worry about taking risks because the consequences can be devastating. Disciplinary action, even termination, can be the result of taking a risk and failing. Abrashof f believes in celebrating the risk-takers, even if it ends in failure. Everyone makes mistake; â€Å"show me someone who has never made a mistake, and I will show you someone who is not doing anything to improve your organization† (p. 04). The people that make their own decisions are the ones leaders should really be behind. Abrashoff said â€Å"if all you give are orders, then all you will get are order-takers† (p. 107). Leaders need to let their employees take responsibility; that is how self-starters are born. When that self-starter is unearthed, leaders need to take a chance on them. Abrashoff proved that even the delinquent crew member can turn out to be a hard working one. He used the example of the crew member who was left behind because he forgot to set his alarm.The sailor was placed on restriction since it was a serious offense, but he continued to excel in his job. When he found out his mother was ill, he put in for leave and was turned down by every leader. Abrashoff decided to grant him the leave and it did wonders for the sailor. He was very motivated to do a great job and to not let down his team mates again. In the end, the sailor left the Navy and became a defense contractor. The last section of the chapter was about breaking rules. Abrashoff said to break the rules that did not make sense and break the ones that did make sense, just very carefully.This part was pretty self-explanatory; it is okay to challenge the rules. As he was saying throughout the entire book, if something is wrong, find another way to do it. There are bad rules and it is the leader’s job to find a better way to do things, or encourage their employees to find a better way. Chapter eight was all about going above and beyond. Abrashoff thought to get outstanding results, leaders had to go beyond the standard procedures, â€Å"innovation and progress are achieved only by those who venture beyond standard operating procedures† (p. 119).Like he has said many times in the book, Abrashoff wanted his crew to take those risks and really think of way to change the system. He wanted self-starters and people with great ideas because it was not just his ship, it was everybody’s ship. In chapter nine, Abrashoff goes back to his people and talked about building them up. This chapter had a lot of points in it and it is one of the important lessons in the book; confident employees help any organization. Building self-esteem in the individual benefits the entire team, â€Å"never tear them down; help them grow strong† (p. 41). The message ties in with the trust piece; showing an employee that they are trusted and cared for makes a big difference in the way they work. Praise every single success, no matter how big or small, was important to Abrashoff. He believed that this practice, not only, worked on crew members, but it could be used on the big bosses: If you want to achieve anything in a large bureaucracy, get inside the b osses’ head. Anticipate what they want before they know they want it. Take on their problems; make them look so good that you become indispensable.When they can’t get along without you, they will support nearly anything you seek to accomplish. (p. 141) If leaders just trusted their people more, they would see that they usually get it right. People with talent, when motivated, can surprise people and move up in the ranks. Employees want to do a good job and prove they can do the job; leaders should trust that they can. And leaders must trust the new people and teach them well. New people are a great asset to any organization; they can be molded, with the proper training, into anything the leader wants.It is important to keep them fired up; any old influences—older crew members—can ruin their attitudes with any negativity. A proper â€Å"welcome aboard† program is imperative; newbies can be discouraged very easily if their first day is a disaster. Mo st importantly, expect the best from every employee. Leaders need to invest fully into their people and they will get it back tenfold. Abrashoff stated that if we â€Å"stopped treating them as if they are stupid, they would perform better† (p. 158). When they are not performing at their best, leaders should give honest feedback constantly.The employees cannot fix their problems if they do not know what they are doing wrong. This reduced the surprises during the review process; leaders would not have to talk about all the things that need improving during the review if they do it in the moment. Another best practice is to ask the bottom performers to rate their performances themselves. They are more honest to the fact that they are the bottom performers compared to their team mates. After that, come up with an action plan and set expectations on when to fix the problems.Leaders, then, should continue to coach in the moment and be open and honest with their employees. A team c annot succeed if they is no unity. Chapter ten addressed the importance of unity in a team and how the leader must create that with his employees. He claimed that â€Å"one of the toughest things for organizations to accomplish is to get people to set aside personal differences and work for the good of everyone involved† (p. 168). One of his main focuses was to train for unity. He started off with finding common interests among everyone. Then, he wanted his crew to find â€Å"positive reasons to value others† (p. 173).He, ultimately, experienced a decline in the reports on racial prejudice and sexual harassment because the ship’s morale was very positive. Punishment needs to be dealt out fairly in organizations. Leaders need to hold their team accountable for their actions, but also, learn to give them a second chance. Every employee needs to know they will be punished accordingly and after they have paid for their crime, the slate is wiped clean. Going back to the chapter about accepting the failures, it is important to learn from it and move on. Abrashoff believed everyone deserves a second chance, just like the sailor how overslept.Now any man would say if his woman is not happy, he is not happy; Abrashoff agreed with that ideal. By making the women feel like part of the team, just as the men did, Abrashoff prevented gender issues. Sexual harassment was down and everyone respected one another. It, also, helped the men on the ship calm down and be more mature. They saw the women as their equals and pushed them to step it up a bit. This lesson is very important in civilian organizations; equality between the sexes still has not been achieved and many leaders should take notes on this chapter.Abrashoff ended the chapter with examples of extraordinary female sailors he has worked with and how important they were to his team. The last lesson that Abrashoff talked about was improving the quality of the team’s life. He embraced the idea of having fun with the team and making the work environment fun. Many leaders frown upon fraternization and would probably look at Abrashoff’s practices as that. But his message was all about enjoying life and friends and he did it in very simple ways. He organized karaoke and alcohol-free happy hour on Fridays, movie nights on Saturdays, and playing music anytime work was involved.It lifted the morale and everyone was laughing and having fun. Good food was another important part of improving the quality of life in the crew members. Abrashoff saw food as an important part of the ship. People could relax and socialize over a good meal and productivity could only increase. Even having a Thanksgiving meal when one is far away from home sends a caring message to the crew and makes people feel good. Reviewer’s Evaluation In my opinion, this book can be very helpful to anyone trying to be a better manager.It really opens the reader’s eyes on the proper way to manage and how to let go of the â€Å"typical† manager style. I really like the part about looking through the employee’s eyes and getting the employees more motivated to do a better job. I believe Abrashoff really challenges the common ideal that managers should be unapproachable and listened to; authority and rules should never be questioned and always followed. He promotes risk-taking and challenging bad rules and really wants the leader to empower their team to make decisions and be innovative.It’s Your Ship is an informative book that can help any leader become a better leader or learn new techniques to become the best leader. I am not sure how this book looks compared to other books like it, but I know the title alone is catchy and I would probably pick this one up first if I had to choose (I think it is because the word â€Å"damn† is on the cover! ). I think it was very appropriate for us BBA students in the business administration field because most of the jobs are supervisor positions. Not only can we students benefit from it, I think everyone can take some pointers from this book.Some may not make it to a supervisor position in an office or retail setting, but there are leader positions everywhere: churches, volunteer work, etc. Each and every leader/manager can really profit from this book. The contribution of the book is huge; the message is so important to all managers. From my experience, I have been managed by many managers and became a manager myself. Many of these lessons would have been an advantage to my superiors and to me. Some of the chapters really spoke to me, such as learning to trust people to do their jobs.I can admit that that was one area that I struggled in when I was a store manager. I really feel that Abrashoff did a great job explaining his practices and he made it very interesting to learn about them. I would definitely recommend this book not only to BBA students, but to many of my retail friends and som e of my current supervisors. Reviewer’s Information Name: Shanita Kitts Affiliation: Averett University Address: 1300 Dover Place, Lynchburg, VA 24502 References Abrashoff, D. M. (2002). It’s your ship: Management techniques from the best damn ship in the navy. New York, NY: Warner Books, Inc.

Capital budgeting Essay

A Capital bud induceing is an analysis of possible additions to fixed assets, it is part of the long terminal figure determinations taken by the top charge and involve large expenditures. The keen budgeting is precise important to firms future. The balance betwixt capital budgeting and individuals investment decisions atomic number 18 in the theme of specie flows, risk, and determination of the appropriate discount. B The release amidst inter guessent and in return exclusive invents is that the single-handed excogitates capital flows be not touched by the subscribeance of the other, although the mutually exclusive bunghole be adversely squeeze by the acceptance of the other. the difference between design and no normal specie flow stream rambles occurs in the signs since for the normal bills flows if the cost ( negative CF) followed by a series of positive bullion flows leave steer to one substitute of sign.On the other hand the non-normal stomach ca sh flows brace two or more than changes of sign C 1 NPV is the sum of all cash inflows and outflows of a ensure C 2 The rationale behind the NPV method is that it is adapted to PV of inflows deduction the cost which is the net gain in wealth. If the projects are mutually exclusive we go forth choose the project with the highest NPV and here in our theatrical role we bequeath choose project S since it has a greater NPV compared to project S (19.9818.79). If the projects are independent we lead choose both. C 3 The NPV go forth change if the WACC change if the WACC increases the NPV will abate on the other hand if the WACC decreases the NPV will increase. D 1 Internal charge per unit of issuance key (IRR) is the discount localise that forces PV inflows equal to cost, and the NPV = 0. IRR using excel for project LIRR18.13%For project SIRR23.6%D 2 A project IRR is the like as a bonds YTM. The YTM on the bond would bethe IRR of the bond project. D 3 If IRR WACC, the projects return exceeds its costs and there is some return left over to boost stockholders returns. If IRR WACC, the project is sure and if IRR WACC, the project is reject. If projects are independent, we accept both of them, as both IRR WACC. If projects are mutually exclusive, we accept the one with the highest IRR. D 4 IRR do not depend on the WACC, so if the WACC changes, the IRR for both projects will remain the same. E 1 travel by=NPV(rate,CF1CFn) + CF 0WACCNPV LNPV S0%$50.00$40.005%$33.05$29.2910%$18.78$19.9815%$6.67$11.8320%($3.70)$4.63Cross over rate is equal to 8.7%.CF Differences0-601060IRR = 8.7%E 2 For independent projects, both IRR and NPV will lead to the same decision. If projects are mutually exclusive, there is a conflict between the IRR and the NPV. Since we said that NPV is the go around method to occasion in case of conflict, project L will be selected based on this method. F 1 The slope of the NPV profile depends entirely on the timing of the cash flows long-term projects have excessive NPV profiles than short-term projects. We conclude that NPV profiles can cross in two situations, root when mutually exclusive projects differ in size the shrimpyer project frees up funds at t = 0 for investment. The higher the chance cost, the more worthy these funds, so a high WACC favors small projects, and second when the projects cash flows differ in terms of the timing pattern of their cash flows the project with faster vengeance provides more CF in early years for reinvestment. If WACC is high, early CF especially good, NPVs NPV L (projects studied in class). F 2The reinvestment rate assumptions-NPV method assumes Cfs are reinvested at the WACC.-IRR method assumes CFs are reinvested at the IRR.-Assuming Cfs are reinvested at the opportunity cost of capital is more realistic, so NPV method is the surmount. NPV method should be employ to choose between mutually exclusive projects. -Perhaps a crisscross of the IRR that assumes c ost of capital reinvestment is needed. F 3 Some projects will result in different IRR and NPV. The NPV will be selected to fall if the project is going to be accepted or not. We do not use the IRR first because it does not take into distinguish changing discount order, so it is j not adequate for longer-term projects with discount rates that are will probably vary. Second, the IRR useless is a project with a non-normal cash flow streams (mixture of positive and negative cash flows). G 1 MIRR assumes reinvestment at the opportunity cost =WACC. MIRR also avoids the multiple IRR problem.G 2 MIRR does not always lead to the same decision as NPV when mutually exclusive projects are being checked. In particular, small projects often have a higher MIRR, but a swallow NPV, than larger projects. Thus, MIRR is not a perfective aspect substitute for NPV, and NPV remains the single best decision rule.H 1 vengeance point is the number of years compulsory to recover a projects cost, o r how long does it take to get our money back?H 2 The payback period tells us when the project will break even in a cash flow sense. With a required payback of 2 years, construe S is acceptable, but Project L is not. Whether the two projects are independent or mutually exclusive makes no difference in this case. H 3 Discounted payback is similar to payback except that discounted sort of than raw cash flows are used. H 4 Discounted payback still fails to consider cash flows after the payback period and it gives us no specific decision rule for acceptance. However, payback is not in general used as the primary decision tool. Rather, it is used as a irritable measure of a projects liquidity and riskiness. I 123CF-8000005000000-5000000WACC0,1To find NPV we used excel outdo =NPV(rate,CF1CFn)+CFONPV(386 776,86 DT)Excel =IRR(CF0CFn,Rate)IRR25%Excel =MIRR(CF0CFN,Rate)MIRR5,6%7