My Classmates

Patricia’s classmate is a young man about in his late teens early twenties. He is quite tall, slender build about six feet one inch maybe a little shorter. He looks as if he weighs about one hundred and seventy pounds maybe a little more or a little less. He has chestnut brown hair and it is very short, his hair is cut with a fade so it gets shorter towards the bottom he has side burns but they are very short to about the top of his ear. This classmate is a very good looking guy, he has a square shape face. He doesn’t have a lot of freckles but a few. He is Caucasian his skin tone is a natural beige color.His eyes are a pretty hazel, pale green on the outside and towards the middle a light brown, he also has pretty long eye lashes. His facial hair looks as if he has a five o’clock shadow all the time. He has nice teeth, not bleach paper white but they have a little tint of yellow to them kind of like you can tell he drinks coffee, his teeth also are straight exce pt the top center teeth are a little crooked and slant towards the inside of his mouth. This classmate doesn’t seem like a shy person, he seems to be outgoing and likes to have people around he likes to be sarcastic towards others too.His voice is not very high or loud, he has a low soft timber. Which is soothing to others when it’s been a hectic day. The classmate doesn’t have a distinctive type of clothing he dresses casual and seems to be comfortable in anything he throws on. He tends to wear Vans shoes all the time. He doesn’t seem to have a certain brand of anything he wears besides his shoes so probably just any jeans he feels comfortable in. So in all this classmate is an everyday kind of guy, he is casual, good looking, nice trimmed hair, with a five o’clock shadow all the time, and seems like a really nice guy to keep around as a friend.

Leadership Motivation

Leadership is the process of motivating others to work to meet specific goals and objectives. â€Å"Leadership is deliberately causing people-driven actions in a planned fashion for the purpose of accomplishing the leader's agenda† (Crosby 2). A leader motivates others to action. Thus, it is the motivation of others and their actions that defines a successful leader. In other words, leadership is the art and science of getting others to perform and achieve a vision. Therefore, leadership is not only reflected in performance, no matter how good that performance is, but in accomplishment. As a leader one's focus should be on accomplishing that leadership goals, whether in a personal, community or charitable, business, political, or industrial forum. In the business world, managers have a great responsibility of leading employees working under them. In order to achieve successful leadership, a leader or a manager should possess certain principles and essential skills. Leadership Principles, Objectives and Problems There are several principles a leader should follow to be successful. A few of the principles are as follows: The most important principle of leadership is ‘listening'. â€Å"A good leader is always an active listener† (Rausch, Washbush 143). Active listening shows that the leader cares, is interested and wants to be involved, enabling the n leader to benefit from the experience. The primary objective of a leader would be to adapt the principles of ‘listening' into their own life. If the leader is not a good listener, then he/she should learn how to really listen. In addition to listening and carefully understanding what a team member is saying, leader should also make sure that every team member gets leader's undivided attention (Normand, Jackson 111). Unfortunately, as a listener, leaders have their own problems to face with. Listeners frequently have too many sound and visual signals reaching them at the same time. It is difficult for the listener to pay attention to multiple speakers all at once. Also, there could be a number of other problems the leader could be facing in their own life. The leader as a listener will never listen with understanding until other matters are forgotten for the moment and attention is given to the speaker. Another problem involved with listening is the leader not being able to understand the words being spoken. Hearing what is being spoken is just a part of listening, but understanding some of the words could be tricky sometimes. To avoid problems involving listening, the listener should use good eye contact so that he/she can concentrate on the particular speaker. That helps the listener pay attention on the subject too. Leader should also learn the meaning of the words the speaker is using and if he is unable to understand, he needs to ask questions. This also lets the speaker know that the listener is unable to understand and the listener is paying attention. Planning is determining what you want to accomplish, working out beforehand how it is to be done, deciding who will responsible for each step, and having every phase written down. One of the leader's objectives is to be able to appreciate the value of careful and complete planning. Good leader applies the steps of good planning to each part of life. The leader should visually plan the steps involved to reach a certain goal. For example, assume that an organizational agenda is â€Å"A return on assets of atleast 15 percent, revenues per employee over $155,000 annually, zero customer complaints, twenty new products†¦Ã¢â‚¬  (Crosby 33). The first step is to separate the revenue-producing areas into those that are never going to reach that performance level, those that could with the correct investment of time or money, and those that are meeting it now. Things that can must replace those that cannot meet. This sort of planning is a regular part of leaders organizational life (33). The biggest problem with planning is it is time consuming and involves a lot of thought. In addition, it involved paperwork and other systematic procedures. Many people hate paperwork and following systematic procedures, which makes the planning process inefficient. To achieve good planning results without any problems, the leader should set a broad goal or objective and decide what form the project will take. Then develop a step-by-step course of action to completion (Lundy 13). Keeping all the other objectives in mind, the plan should then be put into effect while readjusting the plan as necessary. Most important of all the leadership principles is to be able to effectively manage time. The leader must determine not only how he will use his own time, but also how the group's time will be used. Managing time effectively will allow the leader to achieve success, happiness and pride at the workforce. As a leader, personal time management is one of the chief objectives. At work place, the leader should manage meeting time more effectively. The leader should develop and follow his own personal plan for the effective use of time. Often times leaders find having trouble with managing time. Due to poor organization and lack of planning, time management becomes a tricky task. â€Å"Being unable to set the priorities will make time management process very ineffective and sometimes completely useless† (Washbush, Rausch 269). There are several ways to manage the group's or organization's time effectively. The leader should provide a job description to each person. To save more time, the leader should train or take key people further and commit to these key people when things need to be done immediately. These key people should be kept informed and the leader should have these key people take initiative to report back. The leader should utilize only the time needed for successful completion of the group project, event or activity. Every individual working in the team is important and every individual has varied talents and not to mention problems of their own. Knowing the person, understanding the person and identifying the strengths and needs of the individual are vital for the leader in order to be most effective with the person (Rausch, Washbush 233-235). Leader's objective is to perform more effectively as a leader by getting to know and understand individual members of the group. Leader should be able identify the characteristics and needs of the members of a group. The leader should be able to look for and accept the strengths of each individual (Lundy 43-45). Getting to know a person is a very complex skill and there are several problems involved during this process. People are complex. An individual is like a mixed bag with different characteristics. Until many of the characteristics of an individual are identified, it is impossible to begin to know and understand that person. To overcome the problems of knowing a person, the leader should spend more time with his team members. The leader should make attempts to know the needs and characteristics of his team member and fellow employees. Every human being has need for love. If we love a person, we care for that person and we try not to hurt the person in any way. Love is expressed by doing things to strengthen, improve, support and defend the one loved. A good leader does what is morally and ethically right and does not abuse the management power or privileges he/she has over their sub-ordinates. A good leader loves and gives individual consideration, coaches, advises and gives help to those who need it. A good leader also treats newcomers with a lot of respect and love (Row). Leader should give love to each person he associates with. The primary objective is to overcome the fear as a leader by extablishing close feelings of love with the team members. â€Å"Leadership involves being as well as doing. Individual styles of leadership may be quite different, yet equally effective† (Lundy 76). As conditions and situations change, leaders need to change their styles of leadership. The challenge of the leader is not to follow one leadership style all the time, but to use the leadership style needed by his followers. Leaders should maintain the power or influence of their offices by being kind and knowledgeable. The primary objective of being the leader would be to recognize the qualities necessary for a leader to be successful. Leader should be able to recognize various leadership styles and understand when each would be appropriate. â€Å"Sometimes leader will have to follow their group member and in such situations the good leader will appreciate the leadership in other while serving the role of a follower†(Carlin). Leader often have trouble deciding what leadership style to be used at what given instance. Another problem with leaders is that some leaders tend to follow the same leadership principles all the time and this is not a good idea to tackle special situations. The leader must not consider himself locked into a style of leadership with any individual or group. To avoid problems leaders should always act accordingly and change leadership skills depending on the situation and need. At the same time leader should be confident enough to be able to deal with the new skills (Carlin). Every group needs a leader and the group's performance depends on the leader either directly or indirectly. Whether it is a hospital, private practice, health maintenance organization, government facility, or university, or a business, they all need supervisors and leaders. The behavior as a manager has a direct impact on staff performance, productivity, satisfaction, and turnover. Proper Leadership skills are highly essential for a manager as well as the company or organization to become successful. The leadership principles mentioned in this paper are just a simple guideline for managers and leaders to follow; however, a good leader does not require any guidelines. A good leader inherits leadership qualities by inheritance of leadership abilities and characteristics from their own life. Leadership Motivation Leadership is the process of motivating others to work to meet specific goals and objectives. â€Å"Leadership is deliberately causing people-driven actions in a planned fashion for the purpose of accomplishing the leader's agenda† (Crosby 2). A leader motivates others to action. Thus, it is the motivation of others and their actions that defines a successful leader. In other words, leadership is the art and science of getting others to perform and achieve a vision. Therefore, leadership is not only reflected in performance, no matter how good that performance is, but in accomplishment. As a leader one's focus should be on accomplishing that leadership goals, whether in a personal, community or charitable, business, political, or industrial forum. In the business world, managers have a great responsibility of leading employees working under them. In order to achieve successful leadership, a leader or a manager should possess certain principles and essential skills. Leadership Principles, Objectives and Problems There are several principles a leader should follow to be successful. A few of the principles are as follows: The most important principle of leadership is ‘listening'. â€Å"A good leader is always an active listener† (Rausch, Washbush 143). Active listening shows that the leader cares, is interested and wants to be involved, enabling the n leader to benefit from the experience. The primary objective of a leader would be to adapt the principles of ‘listening' into their own life. If the leader is not a good listener, then he/she should learn how to really listen. In addition to listening and carefully understanding what a team member is saying, leader should also make sure that every team member gets leader's undivided attention (Normand, Jackson 111). Unfortunately, as a listener, leaders have their own problems to face with. Listeners frequently have too many sound and visual signals reaching them at the same time. It is difficult for the listener to pay attention to multiple speakers all at once. Also, there could be a number of other problems the leader could be facing in their own life. The leader as a listener will never listen with understanding until other matters are forgotten for the moment and attention is given to the speaker. Another problem involved with listening is the leader not being able to understand the words being spoken. Hearing what is being spoken is just a part of listening, but understanding some of the words could be tricky sometimes. To avoid problems involving listening, the listener should use good eye contact so that he/she can concentrate on the particular speaker. That helps the listener pay attention on the subject too. Leader should also learn the meaning of the words the speaker is using and if he is unable to understand, he needs to ask questions. This also lets the speaker know that the listener is unable to understand and the listener is paying attention. Planning is determining what you want to accomplish, working out beforehand how it is to be done, deciding who will responsible for each step, and having every phase written down. One of the leader's objectives is to be able to appreciate the value of careful and complete planning. Good leader applies the steps of good planning to each part of life. The leader should visually plan the steps involved to reach a certain goal. For example, assume that an organizational agenda is â€Å"A return on assets of atleast 15 percent, revenues per employee over $155,000 annually, zero customer complaints, twenty new products†¦Ã¢â‚¬  (Crosby 33). The first step is to separate the revenue-producing areas into those that are never going to reach that performance level, those that could with the correct investment of time or money, and those that are meeting it now. Things that can must replace those that cannot meet. This sort of planning is a regular part of leaders organizational life (33). The biggest problem with planning is it is time consuming and involves a lot of thought. In addition, it involved paperwork and other systematic procedures. Many people hate paperwork and following systematic procedures, which makes the planning process inefficient. To achieve good planning results without any problems, the leader should set a broad goal or objective and decide what form the project will take. Then develop a step-by-step course of action to completion (Lundy 13). Keeping all the other objectives in mind, the plan should then be put into effect while readjusting the plan as necessary. Most important of all the leadership principles is to be able to effectively manage time. The leader must determine not only how he will use his own time, but also how the group's time will be used. Managing time effectively will allow the leader to achieve success, happiness and pride at the workforce. As a leader, personal time management is one of the chief objectives. At work place, the leader should manage meeting time more effectively. The leader should develop and follow his own personal plan for the effective use of time. Often times leaders find having trouble with managing time. Due to poor organization and lack of planning, time management becomes a tricky task. â€Å"Being unable to set the priorities will make time management process very ineffective and sometimes completely useless† (Washbush, Rausch 269). There are several ways to manage the group's or organization's time effectively. The leader should provide a job description to each person. To save more time, the leader should train or take key people further and commit to these key people when things need to be done immediately. These key people should be kept informed and the leader should have these key people take initiative to report back. The leader should utilize only the time needed for successful completion of the group project, event or activity. Every individual working in the team is important and every individual has varied talents and not to mention problems of their own. Knowing the person, understanding the person and identifying the strengths and needs of the individual are vital for the leader in order to be most effective with the person (Rausch, Washbush 233-235). Leader's objective is to perform more effectively as a leader by getting to know and understand individual members of the group. Leader should be able identify the characteristics and needs of the members of a group. The leader should be able to look for and accept the strengths of each individual (Lundy 43-45). Getting to know a person is a very complex skill and there are several problems involved during this process. People are complex. An individual is like a mixed bag with different characteristics. Until many of the characteristics of an individual are identified, it is impossible to begin to know and understand that person. To overcome the problems of knowing a person, the leader should spend more time with his team members. The leader should make attempts to know the needs and characteristics of his team member and fellow employees. Every human being has need for love. If we love a person, we care for that person and we try not to hurt the person in any way. Love is expressed by doing things to strengthen, improve, support and defend the one loved. A good leader does what is morally and ethically right and does not abuse the management power or privileges he/she has over their sub-ordinates. A good leader loves and gives individual consideration, coaches, advises and gives help to those who need it. A good leader also treats newcomers with a lot of respect and love (Row). Leader should give love to each person he associates with. The primary objective is to overcome the fear as a leader by extablishing close feelings of love with the team members. â€Å"Leadership involves being as well as doing. Individual styles of leadership may be quite different, yet equally effective† (Lundy 76). As conditions and situations change, leaders need to change their styles of leadership. The challenge of the leader is not to follow one leadership style all the time, but to use the leadership style needed by his followers. Leaders should maintain the power or influence of their offices by being kind and knowledgeable. The primary objective of being the leader would be to recognize the qualities necessary for a leader to be successful. Leader should be able to recognize various leadership styles and understand when each would be appropriate. â€Å"Sometimes leader will have to follow their group member and in such situations the good leader will appreciate the leadership in other while serving the role of a follower†(Carlin). Leader often have trouble deciding what leadership style to be used at what given instance. Another problem with leaders is that some leaders tend to follow the same leadership principles all the time and this is not a good idea to tackle special situations. The leader must not consider himself locked into a style of leadership with any individual or group. To avoid problems leaders should always act accordingly and change leadership skills depending on the situation and need. At the same time leader should be confident enough to be able to deal with the new skills (Carlin). Every group needs a leader and the group's performance depends on the leader either directly or indirectly. Whether it is a hospital, private practice, health maintenance organization, government facility, or university, or a business, they all need supervisors and leaders. The behavior as a manager has a direct impact on staff performance, productivity, satisfaction, and turnover. Proper Leadership skills are highly essential for a manager as well as the company or organization to become successful. The leadership principles mentioned in this paper are just a simple guideline for managers and leaders to follow; however, a good leader does not require any guidelines. A good leader inherits leadership qualities by inheritance of leadership abilities and characteristics from their own life.

A Hypothesis Is a Claim

, The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove Is the opposite of the null hypothesis e. g. , The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove Is the opposite of the null hypothesis e. g. , The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove If the sample mean is close to the stated population mean, the null hypothesis is not rejected. If the sample mean is far from the stated population mean, the null hypothesis is rejected. How far is â€Å"far enough† to reject H0? The critical value of a test statistic creates a â€Å"line in the sand† for decision making — it answers the question of how far is far enough. Type I Error Reject a true null hypothesis Considered a serious type of error The probability of a Type I Error is ? Called level of significance of the test Set by researcher in advance Type II Error Failure to reject a false null hypothesis The probability of a Type II Error is ? Type I and Type II errors cannot happen at the same time A Type I error can only occur if H0 is true A Type II error can only occur if H0 is false Critical Value Approach to Testing For a two-tail test for the mean, ? known: Determine the critical Z values for a specified level of significance ? from a table or computer Decision Rule: If the test statistic falls in the rejection region, reject H0 ; otherwise do not reject H0 State the null hypothesis, H0 and the alternative hypothesis, H1 Determine the appropriate test statistic and sampling distribution Determine the critical values that divide the rejection and nonrejection regions Collect data and compute the value of the test statistic Make the statistical decision and state the managerial conclusion. If the test statistic falls into the nonrejection region, do not reject the null hypothesis H0. If the test statistic falls into the rejection region, reject the null hypothesis. Express the managerial conclusion in the context of the problem p-Value Approach to Testing -value: Probability of obtaining a test statistic equal to or more extreme than the observed sample value given H0 is true The p-value is also called the observed level of significance H0 can be rejected if the p-value is less than ? Hypothesis Testing: ? Unknown If the population standard deviation is unknown, you instead use the sample standard deviation S. Because of this change, you use the t distribution instead of the Z distribution to test the null hypothesis about the mean. When using the t distribution you must assume the population you are sampling from follows a normal distribution. All other steps, concepts, and conclusions are the same. One-Tail Tests In many cases, the alternative hypothesis focuses on a particular direction H0: ? ? 3 H1: ? 3 This is a lower-tail test since the alternative hypothesis is focused on the lower tail below the mean of 3 H0: ? ? 3 H1: ? 3 This is an upper-tail test since the alternative hypothesis is focused on the upper tail above the mean of 3 Proportions Sample proportion in the category of interest is denoted by p When both X and n – X are at least 5, p can be approximated by a normal distribution with mean and standard deviation Potential Pitfalls and Ethical Considerations Use randomly collected data to reduce selection biases Do not use human subjects without informed consent Choose the level of significance, ? , and the type of test (one-tail or two-tail) before data collection Do not employ â€Å"data snooping† to choose between one-tail and two-tail test, or to determine the level of significance Do not practice â€Å"data cleansing† to hide observations that do not support a stated hypothesis Report all pertinent findings including both statistical significance and practical importance A Hypothesis Is a Claim , The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove Is the opposite of the null hypothesis e. g. , The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove Is the opposite of the null hypothesis e. g. , The average diameter of a manufactured bolt is not equal to 30mm ( H1: ? ? 30 ) Challenges the status quo Alternative never contains the â€Å"=†sign May or may not be proven Is generally the hypothesis that the researcher is trying to prove If the sample mean is close to the stated population mean, the null hypothesis is not rejected. If the sample mean is far from the stated population mean, the null hypothesis is rejected. How far is â€Å"far enough† to reject H0? The critical value of a test statistic creates a â€Å"line in the sand† for decision making — it answers the question of how far is far enough. Type I Error Reject a true null hypothesis Considered a serious type of error The probability of a Type I Error is ? Called level of significance of the test Set by researcher in advance Type II Error Failure to reject a false null hypothesis The probability of a Type II Error is ? Type I and Type II errors cannot happen at the same time A Type I error can only occur if H0 is true A Type II error can only occur if H0 is false Critical Value Approach to Testing For a two-tail test for the mean, ? known: Determine the critical Z values for a specified level of significance ? from a table or computer Decision Rule: If the test statistic falls in the rejection region, reject H0 ; otherwise do not reject H0 State the null hypothesis, H0 and the alternative hypothesis, H1 Determine the appropriate test statistic and sampling distribution Determine the critical values that divide the rejection and nonrejection regions Collect data and compute the value of the test statistic Make the statistical decision and state the managerial conclusion. If the test statistic falls into the nonrejection region, do not reject the null hypothesis H0. If the test statistic falls into the rejection region, reject the null hypothesis. Express the managerial conclusion in the context of the problem p-Value Approach to Testing -value: Probability of obtaining a test statistic equal to or more extreme than the observed sample value given H0 is true The p-value is also called the observed level of significance H0 can be rejected if the p-value is less than ? Hypothesis Testing: ? Unknown If the population standard deviation is unknown, you instead use the sample standard deviation S. Because of this change, you use the t distribution instead of the Z distribution to test the null hypothesis about the mean. When using the t distribution you must assume the population you are sampling from follows a normal distribution. All other steps, concepts, and conclusions are the same. One-Tail Tests In many cases, the alternative hypothesis focuses on a particular direction H0: ? ? 3 H1: ? 3 This is a lower-tail test since the alternative hypothesis is focused on the lower tail below the mean of 3 H0: ? ? 3 H1: ? 3 This is an upper-tail test since the alternative hypothesis is focused on the upper tail above the mean of 3 Proportions Sample proportion in the category of interest is denoted by p When both X and n – X are at least 5, p can be approximated by a normal distribution with mean and standard deviation Potential Pitfalls and Ethical Considerations Use randomly collected data to reduce selection biases Do not use human subjects without informed consent Choose the level of significance, ? , and the type of test (one-tail or two-tail) before data collection Do not employ â€Å"data snooping† to choose between one-tail and two-tail test, or to determine the level of significance Do not practice â€Å"data cleansing† to hide observations that do not support a stated hypothesis Report all pertinent findings including both statistical significance and practical importance

Impacts of Immigrants to UK and UK Immigration Policy on its Labour Essay

Impacts of Immigrants to UK and UK Immigration Policy on its Labour Market - Essay Example The composition of the of the incoming immigrants is usually very different from that of the population of the receiving country on matters pertaining to demographic, cultural and socioeconomic attributes (Okkerse, 2008). As a corollary, the demographic and socioeconomic effects of international migration have become very apparent in the contemporary world and this has gained the attention of policy-makers and the society in general. This has consequently made the immigration process a playing field for numerous studies in the 21st century (e.g. Clark and Drinkwater, 2010; Macura et al. 2005) In theory, the effects of international migration on earnings and jobs for the population in the host country is critically contingent to the extent to which migrants’ skills are complements or substitutes to the skills of the population in the host country, and on how immigration impacts the demand for labour in the host country (Hatton and Tani, 2005). Apart from changes in salaries and employment Dustmann et al, (2008) asserts that there are at least two other adjustment mechanisms in which an economy acts in response to immigration. Besides enlarging labor supply, immigration has the propensity to increase the demand for labor (Saleheen, and Shadforth 2006). Immigrants increase the consumer demand for goods and services in the host country and in the long run, immigration can lead to more investment in the host country (Schmitt and Wadsworth 2007). As a result, this paper aims at identifying the effects of immigration to the UK and UK immigration policy on its labor market . An empirical and experimental research by Dustmann et al (2013) on the labor market impacts of immigration in the UK shows that immigration has a moderately insignificant impact on the average earnings and salary distribution low, medium, and high paid employees.  Ã‚  

Equity Premium Puzzle Essay Example | Topics and Well Written Essays - 2750 words

Equity Premium Puzzle - Essay Example Equity premium is meant to cushion stock investors against the risk of losing their investment portfolios (Siegel and Thaler, 1997, p. 195). However, variations in gain between government bonds and stocks are quite vast and yet government bonds also bear some risk especially the risk associated with inflation (Ben-Haim, 2006). People invest their money to benefit from the gain in the value of their assets. However, many people continue to invest in government bonds where there is such small gain than in stock. This has resulted to a dilemma to the economists who have been unable to understand why many people still prefer government bonds despite the huge returns in stocks as compared to bonds (Siegel and Thaler, 1997, p. 192). The investment decision is influenced b perceived risk, investors’ ability to bear risk, investment period, investor satisfaction and utility behaviour. As stated earlier equity premium is the difference in gains between stocks and risk-free assets such as governments’ bond or security bills. The government bonds are believed to bear no risk while ordinary stocks are rated as the most risky venture (Glyn, 2006, p.153). Due to this perception of risk, many people opt to invest their money in government securities where they have guarantee for small gains rather than investing in stocks with prospect for enormous gains but bearing vast risk. Equity premiums are meant to shield investors against enormous threat associated with the perceived loss on investment in the stocks (Siegel and Thaler, 1997, p. 195). This variation is too huge hence economists have never come into consensus as to why people continue to invest in government bonds which normally have low yields compared the stocks. The economists have assumed that investors must have immense risk evading attitude (Ben-Haim, 2006). This is because in the real sense people would invest in stocks which have higher probability for gigantic returns than gains in bonds value. Ho wever, since people would want to keep away from risk of any form, they opt to invest in bonds where they have a better chance to gain than in stocks. The economists have also doubted whether stocks truly bear any equity premium, and whether the real gain from the investment reveal value equivalent to the equity premium (Siegel and Thaler, 1997, p. 193). If this is true then what makes investors fail to invest in stocks which bear gigantic equity risk premiums? The investors’ decisions on what type portfolio they should purchase are either influenced by personal factors or market factors (Ben-Haim, 2006). This has also raised concern over the existence of equity premium puzzle. In Siegel and Thaler (1997, p. 193), the dilemma regarding the investor’s decisions could only be a matter of individual taste and preference which cannot be influenced by the market conditions. This difference in gains between risk-free bonds and stocks investments is explained by economists us ing economic yardstick replica (Siegel and Thaler, 1997, p. 192). To determine this variation economists use â€Å"standard equilibrium model† in which the individual’s willingness to utilize resources vary from one period to another, when the risk deterrence attitude remains unaffected The gauge used in this approach is the comparative risk deterrence factor named A. Therefore, the hypothesis was that a decline in utility by 1% should result to an increase in marginal value of the income of the

UK law property management practice Essay Example | Topics and Well Written Essays - 3250 words

UK law property management practice - Essay Example Consideration of alternative market leases, general and specific situational advantages and disadvantages analysis of such alternative forms of leases in the market A lease in UK law pertains to the granting of exclusivity in land possession for a term that is well-defined and for a term that is shorter than that for which the grantor of the lease has himself or herself has legal land possession. As the definition implies, there are three aspects to the lease. The first has to do with the exclusivity of the possession. The second has to do with the fixed nature of the lease in terms of time. The third is that the term of the lease has to be shorter than the lawful time to which the grantor of the lease has possession of the land (In Brief 2013). Taking a step back, the Crown in theory has ownership of all land in the UK, and that other persons usually hold either a lease on the land, or else has a freehold relationship with the land, which is the strongest form of land ownership unde r UK law, outside of the Crown’s absolute ownership of all land (In Brief 2013b). ... he leaseholder in this sense becomes a tenant too in the definition of the law, meaning that within the terms of a legally binding lease agreement, the tenant is the recognized land owner under the law. In this sense, as owner of the land, he is able to legally make use of the land as other owners of the land do, with the caveat that those uses for which the land is made use of by the owner is within the confines of the requirements set forth by statutes. On the other hand, rights extend only so far as the owner of the lease has the right to occupy the land absolutely, until the leaseholder does not fulfill the contractual obligations, such as in instances when the leaseholder fails to make good on rent payments. Outside of this, the grantor of the lease is unable to end the lease before the date of expiration or the end of the period of tenancy, except with the serving of a notice strictly ruled by fixed and specified conditions. On the other hand, the institutional lease is said to be the cornerstone of commercial property law and the market for such leases in the UK. This is characterized by long terms, usually a quarter of a century, and is, as specified above, FRI type leases, meaning that they are full repairing as well as full insuring. Due to the integrity and predictability of such leases, with the rent reviews being done predictably too, every five years for the lease duration, these have become investible from the point of view of institutions such as pension firms as discussed above. Here the returns are predictable and guaranteed to a certain extent, as long as the tenants make good on their rent payments and their other related contractual obligations to the land and property (Mleyshon n.d.). That the institutional lease has become the foundation of

Kingston-Galloway Neighborhood and Its Peculiarities Assignment

Kingston-Galloway Neighborhood and Its Peculiarities - Assignment Example It must be underlined that â€Å"the population of Kingston-Galloway is 28,042 people† [Hayes D., 2008] in their diversity of nationalities.  On the one hand, Scarborough is one of the most beautiful, green and livable territories in Toronto. Consequently, Kingston-Galloway neighbourhood as its part can be recognized as a good place to give birth and raise children. On the other hand due to the settlement of the black, Hindus, Tamils, and the crime situation it is not attractive to stay there (although the white live in the district too). So the result is that such surroundings are not able to be a priority to encourage people to do their best in rising of a population. As for the statistic data given readers by workers of the University of Toronto, Deborah Coven and Vanessa Parlette (they both were active in community projects in Kingston-Galloway for five years), Kingston-Galloway â€Å"had a population of 31,715 in 1971, and 40,846 in 2006† [Cowen D., Paulette V., June 2011] in comparison. Furthermore, we can analyze the percentage of population growth up during these years which is small - 7 % in 1971 and 11% in 2006 respectively. Probably a certain effect has a bad level of life in this district. The figures speak for themselves - Kingston-Galloway has â€Å"†¦the highest concentration of subsidized housing in all of Ontario, 42% of all families with children are lone-parent families – much greater than the Toronto average† [Shark S., 2009]. All these facts depict not so optimistic financial situation in the neighbourhood. When people have good living conditions and confidence in the future they can afford themselves to have children. As we see there is no positive picture in this aspect in Kingston-Galloway. Moreover, the statistics say that household income has dropped 35% from 1971 till 2006 years. Still, there is some successful tendency in the development of social life norms in Kingston-Galloway. The main achievement is the organization of the Storefront, an interaction group which consists of service providers and people of the district.  Ã‚  

Describe the impact of a risk event on business relationships Assignment

Describe the impact of a risk event on business relationships - Assignment Example They are strategic risks that are inadvertently linked with the nature of operations and administrative procedures of any particular industry. Other multilateral dependencies that can impact business partners or link in a business chain include accidents between cars in the importing procedures, fire, theft, and vandalism and water damages (Jolly, 2003). Being a transporter with a reputation of delivering on time and within budget, traffic can be a considerable hindrance to the performance of duties. Such a reputation is highly dependent on the status of traffic unless the transporter has a dedicated means of business that is not shared by others in the same business. Depending on the embedded culture of business continuity, a business organization can be categorized as risk taking or having zero tolerance. It is from such cultures that a business’ continuity is ensured and the impacts of accidents, such as those arising from transport procedures, can be

Heart Sutra Term Paper Example | Topics and Well Written Essays - 500 words

Heart Sutra - Term Paper Example Thus, all things are empty. It states that nothing is born and nothing dies; nothing is pure or stained, and nothing either increases or decreases. Hence, none of the five aspects actually exists in emptiness. This is essentially the same as the current teaching of science that nothing is created or destroyed; rather, it merely changes form, which is a result of the theory of conservation of energy. Consequently, there is also neither of the five senses nor imagining, nor are any of these processes experienced. The point of stating this reality is to highlight their delusory nature, and pointing to the way of the Bodhisattva, which is to have no fear and rely only on the perfection of wisdom, as it will lead to nirvana (spiritual enlightenment). The perfection of wisdom is identified in the sutra as the greatest, clearest and highest mantra, which is also capable of removing all suffering. Besides mentioning the five skandhas with respect to their emptiness, the Heart Sutra also ment ions the twelve ayatanas (abodes), the eighteen dhatus (elements of consciousness), the twelve nidanas (origins) and the four noble truths.

Investigative Plan Essay Example | Topics and Well Written Essays - 750 words

Investigative Plan - Essay Example First there is a need for data collection.  The importance of this is to  acquire  accurate information to  give  valid information. Understanding the data collected will  keep  investigation  focused. Data may be corrected using  several  methods including  interview  and surveys then drawing of charts, tables and graphs to name but few. The data must be  put  in context thus making information  abundantly  clear  (Bachman  and  Schutt, 2007). All information regarding the  case  needs to be identified. This can be  case  number, investigator, and entry  date  amongst other information. The sources of allegation need to be put in place. These include the complainant’s information may it  be  contact details, location and any other  relevant  information. Case identification is paramount, alleged victims, how the crime was reported  and all useful allegation information. All information given relating to the accused should be gathered. Any information given relating to the  robbery is put  down in a chronological order to assist in tracing the perpetrators. An investigator must be able to  know  the  purpose  of the investigation. In this case, we need to  arrest  daytime robbers. Purpose of the investigation must be put down in writing. A summary of the interview done should be presented. This entails the  interviewer  names, witnesses, location, the  date  conducted and others. An investigator must be able to  assess  and  know  if the information collected is  credible  or not. Each  interview  done must be summarized and conclusions drawn. All evidence gathered should be listed down including all details such as dates, location, and  evidence  type  and also  information  of the person giving the evidence. After all these investigative steps are done, recommendations should always be given. Actions to be taken must be put down and possible methods to be applied to  curb  the vice. Surveillance

School Choice †An Educational Custom Fit Essay Example for Free

School Choice – An Educational Custom Fit Essay Imagine if only one size of pants were sold in stores and government regulations wouldn’t allow any other size to be made available to consumers. This may sound crazy but it’s much like what’s happening with the education of our nation’s children. As Americans we enjoy a wide range of personal choice, and thankfully it includes our ability to select the pants that fit us best. But think for a moment about traditional public education. For decades the public school system has offered a one size fits all approach to educating our nation’s children. As we approached the 21st century, the public school system began to show its age. More and more children began to fall behind in a rapidly changing environment marked by the introduction of personal computers and later the internet. Sensing a need for change, many people began to push for new educational models that would keep up with the times. This marked the beginning of the school choice movement. Both charter schools and school voucher programs are collectively referred to as â€Å"school choice† initiatives, in that they allow parents freedom to choose individualized education options for their children that are outside of the traditional â€Å"one size fits all’ public school system. A school voucher program provides parents with certificates that are used to pay for education at a school of their choice, rather than the public school to which they are assigned. Charter schools on the other hand are publicly funded schools that have been freed from inefficient public school system rules and regulations in exchange for accountability to produce positive, measurable results. These agreed to results are set forth in each school’s.

Chemistry and Anatomy Essay Example for Free

Chemistry and Anatomy Essay My life began as a simple and talented student in Geneva. My father was Alphonse Frankenstein, who was a wealthy, rich and benevolent man. I was the first son of my father, Alphonse Frankenstein. My mother Caroline visited a beautiful orphan girl, Elizabeth Lavenza, fair-haired girl. She was adopted by my family and was my cousin. I had two brothers who were very lovely and they loved me and Elizabeth a lot. My best friend was Henry Clerval, who was a considerate man. I became a student of Chemistry and Anatomy in the quest to determine what gives life. I was a young man who led a happy and peaceful life, but the events happened after, made a great change to my living. The world according to me was a secret of research, creation and experimenting. I learnt the theories of electricity and galvanization. I also initiated a theory of how to create human life using the principles of electricity. I became devoted to the human creation and the spark of life that I had abandoned earlier. I asked my University for specimens to make my creation. I figured out what gives life.  Ã¢â‚¬Å"I have begged my University for specimens. They say I’ve had all their best material for years, and produced nothing to show for it.† I feel that I have begged my University for some specimens to make my creation, but they refused to afford me the specimens because they say that they have given all the best pieces of specimens to me for creating nothing. Finally, I got the body parts from the graveyard. Then I went out without my meals to buy some chemicals. I took the body parts from the corpses. I stored my chemicals and specimens in the dissecting room so that it would be safe. I constructed a giant man, 8 feet tall, with super human strength and endurance from harvested body parts that I took from the corpses. I worked secretly without rest for almost a year. I can tell you that I was a bit disappointed with my creation. My perfect creation was a frightening disaster. My creation was a result of horror.  Ã¢â‚¬Å"No, this isn’t what I wanted. Oh, dear god, what have I done?†Ã‚  I was not at all happy with my monstrous creation. So, I rejected, abandoned and left him away. I was also scared, frightened and afraid of him. I also avoided my scientific studies because it remained me about the disastrous experiment. I wanted him to help and like mankind. This was not what I expected. I wanted my creation to be helpful rather than being a nuisance. My excitement soon changed when my creature came into life. My lovely, little brother William was murdered by my creation, the monster. Elizabeth cried a lot and I was not able to convince her. She also told me that my five- year-old brother, William and she went for a walk. She also told me that she saw William disappear. She was searching for him all over. I examined what had happened and found out that it was the monster, who was responsible for the murder of my brother. I was very angry with the behaviour of my creation. I created him to help human life and not to destroy them. He came to my room. I was very angry at him and wanted to destroy him. He told me to control my temper and he asked me to listen to him. He told me that the only person to be kind to him was Agathe, a young blind lady. The other villagers chased him away through their dogs. He also told me that his intention towards William was not to kill him. Then he explained to me about what had happened. He told me, â€Å"I put my hands to his mouth to silence him, because I was afraid.†Ã‚  The monster asked William to play with him for a while. But William shouted and refused to play with him. So, he just kept his hands in William’s mouth to silence him and request him to play with him. He also convinced me by telling the truth, but I am very sad that my brother is being murdered by my creation.  I was asked by the monster to make a bride to the monster. I agreed to him because as a creator, I should have to fulfill the wishes of my creation. He said to me that,  Ã¢â‚¬Å"I am alone and miserable; man will not associate with me; but one as deformed and horrible as myself would not deny herself to me. My companion must be of the same species and have the same defects. This being you must create.† He conveyed me his feelings of how it was to be alone without a companion or a comrade. He also gave me two years time to make a complete creation. He also told me that he would not trouble me in the time in between. I repulsed myself to make a bride for the monster. I wanted to finish the bride before marrying Elizabeth. I was also worried that the monster may harm my family. I still found it difficult to make the second monster. I made it because he told me that he wanted to love. I also made it, but this creation was spoilt by the monster, himself. The thing where he went wrong was, giving wrong wire connections to the creation and made it destroy. I explained to him that,  Ã¢â‚¬Å"She’ll never live now! Monster, what have you done?†Ã‚  He thought that he knew to make his own creation. He acted over- smart by giving the wrong wire connections and destroying his bride by himself. I beautifully laid out the bride in white colour clothes, to symbolize that she was going to get married. There is no use for him to commit the murders of Elizabeth and Clerval, by knowing that was his fault. I was really angry when he killed my brother, William. Then, he explained to me about what had happened. He told me that,  Ã¢â‚¬Å"I put my hands to his mouth to silence him, because I was afraid.†Ã‚  It was my fault to create him and abandon him. Since I have created him I lost my Elizabeth, Clerval and my dear brother William. I got the feelings of how it was to face death. If I think of him, my first thoughts were, why did I create him? I found it like a battle of â€Å"Evil vs. Good†.

Space For The New Orthopedic Service Line

Space For The New Orthopedic Service Line Before the decision to build is determined there are several mitigating factors that must be considered first which are: creating customer surveys based on more defined community interest, doing market research to see the location to build the facility, taking time with the other specialist or constituent groups to listen to their input on building the facility given their past knowledge, taking time to focus on the other nonprofits within the city and the state to analyze their strategic positions, and any other knowledge source that can be utilized to make the best decision on building the medical office. The consideration to focus would be to meet the needs of our possible primary customers or patients, any supporting current customers, professional medical staff, board members of the hospital or medical group in order to meet the expectations of the five year strategic plan. Another decision could be to focus not on having patients come to us but building the office in neighborhood communities which is the new focus for building smaller medical office next to shopping which makes it more convenient for patients. In reviewing the advantages of building the new facility there are slight amounts given location of the facility such as if the facility was built on campus it would cost an estimated amount of $600,000 versus the facility being build next to the campus which is a slight increase of $700,000 which is a difference of only 100,000. By building a secondary facility there would be additional cost for building an additional MRI which would be approximately $3,000,000 however, the off-set would be additional patients could utilize the MRI which would increase revenue. By building the facility the physician group is able to use the concept of build-to-suit in order to design a facility that has the capability to focus on space efficiency and maximize productivity. When mapping out plans for building a facility one aspect is the cost of per square foot to focus on. So if our medical office is between 6,000-7,000 and $350.00 per square foot which includes the land purchase price which would equal maximum of $2,450,000. However, if we build an office that is 10,000 square foot the price drops by $200.00 per square foot which then equals $1,500,000 which would be less than the first amount the better decision would be to build the 10,000 square foot building so in essence there would be more building at less cost and room to expand. When a medical institution is considering expanding it is highly essential to focus on the four areas listed below: Quality and Safety Service Excellence Staff Achievement Growth and Profitability By building a facility the focus will have a stronger success rate given the individualized location and being able to have a bigger impact based on being blended in with the hospital numbers. If the building were built the classes attendance might increase to >75% and the CMS orthopedic indicator set could also increase to >90th percentile which would specifically improve the quality and safety focus. By being in a location that is accessible by patients the best marketing tool is by word of mouth of the patients and they might be likely to increase the score of this measure of >90th percentage as well as the physician satisfaction score which all in all would meet the service excellence measures of the facility given the location the building is built in. The other aspect would be having a close medical office that specializes in orthopedics might decrease consensus of the hospital by decreasing the surgeries which is at 14,800 and decreasing the number of ER visits which is currently 36,100 which in turns would increase revenue of the medical office. By branching off from the hospital and building a facility the physician group would start from the beginning and higher the best orthopedic nursing staff to care for the patients and given the positive environment of the new office the retention rate of the staff would increase to >90% which would improve the staff achievement measures. Lastly, the surgical cases could increase to over 2100, and the physical therapy visits could increase to over 6,500 given the size of the building and amount of physicians of therapists that were hired to care for patients. This would in-turn increase the margin of greater than $2,171,500 which would exceed the growth and profitability measures. Another measure to focus on is the tax factor because a business can deduct the taxes taken out on the structure on an annual basis which can be a great cost savings including deducting interest on the purchase loan, property taxes and other qualifying expenses. Building this medical office it would implement a successful strategic plan outlined in the boards five year plan and increase not only in volume and improved financial performance for the hospital business. It will in-turn increase services offered to the community by using the most advanced approaches to prevent, or diagnose, including treating disease processes impacting thousands in the community. b. BUYING SPACE FOR THE NEW ORTHOPEDIC SERVICE LINE. Advantages of buying would include the tax benefits for example the interest on property taxes including mortgage could be tax-deductable and the investment property alone could possibly depreciate and the costs included with owning this type of space deemed as commercial could also be tax deductable. When buying a pre-existing building it gives more opportunity to convert the space to the business needs which can include building onto the existing property, or reconfiguring the property for a better business flow effect or even removal of certain parts of the property. The tax factor would also include any type of improvements that are made to a commercial real estate investment could be deducted for up to 39 years. A depreciation of a building could be taken into account for 39 years as well which is another advantage. If the building is purchased for $251,000 and say the land it stands on is valued at $61,000 then the company could write off a bit less than $5,500 annually. The annual interest can also be deducted on the purchase loan, any type of property taxes and additional expenses that qualify under tax codes. When borrowing money for a commercial investment from any lender the percentage could be between 60%-80% or even higher given the increase for being medical users which could be up to 90% for a acquisition cost or project cost which can require a type of investment of the left over cash and stipulate that the difference in cash be reinvested in the business anywhere between 10%-40%. A bank lender could require a higher down payment but in exchange include a reasonable borrowing term would be negotiated in the contracts. The advantage to buying a commercial building is that a bank lender looks at owner-occupied type businesses in a medical capacity more favorably and would grant the request for lending. In buying a commercial building there would be no rent adjustments and the mortgage would be a set amount each month so that there is a clear idea of any costs in the future. The fixed/variable cost factor is costs that would be set especially if the fixed-rate type of loan was issued for the property. As a selling point to owning commercial property if the value of the property has increased that is another advantage for making increased profit. The appreciation factor is considered a second business for example it could be considered real estate investing by the company. If there is additional unused space the decision could be made to rent out parts of the building to outside opportunities to create additional income from the rent of those parties. c. LEASING SPACE FOR THE NEW ORTHOPEDIC SERVICE LINE. Leasing advantages to physicians could be a great opportunity for using the finances to invest in the latest and greatest medical technology of equipment or computerized electronic medical record systems instead of using cash for building or buying a medical office and having cash tied up in investment properties. Leasing is better on a business cash flow because when purchasing occurs there is a large amount of finance tied up in the equity of the building itself. By leasing advantage it really wont require a large amount of capital to start. By having this money available which is known as working capital it opens the door to new opportunities that can arise in the future. When leasing a building it makes it simpler to be able to move into prime locations in the future such as a neighborhood medical office mixed in with shopping malls and this in-turn will eliminate the task of hiring a real estate agent and all that is involved with selling the property before vacating. By leasing the medical office building the money paid in the lease could possibly be used as a tax deduction. Using the cash outlay factor effect the company would not have to put forth much money as it would if building or buying a medical office. The growth factor would focus on if the space is outgrown given the amount of patients seen by the physicians in the medical office within the five year plan then the decision could be made to purchase or buy a larger building. If part of the building was leased to several different businesses and the owner was occupying part of the building than it is money in the bank by vacating that particular space and moving to a larger one but still having other businesses resume the open space. In some instances if more space was needed to expand and the office space was available by the owner then leasing more of that medical office space could be an opportunity to expand without the cost of purchasing a building which would eliminate the cost of moving. 2. DISCUSS THE DISADVANTAGES (LIABILITIES AND RISKS) FOR EACH OF THE FOLLOWING OPTIONS: a. BUILDING SPACE FOR THE NEW ORTHOPEDIC SERVICE LINE. Part of building the facility takes into account the site selection either on the hospital campus or off campus and analysis, any land development and regulatory approvals that must be followed, management of the design professionals and consultants specific to technology. The most important piece would be the knowledge of medical office building designs and the appropriate licensing and permit requirements by city and state required could be costly by having to hire the professional that has up to date knowledge and experience. Another important aspect is the regulatory approvals based on healthcare facilities and any start-up requirements mandated specifically to specialized practices such as orthopedics to include day surgery or procedures and radiation MRI buildings that could be a costly disadvantage. All of these specialized areas could be a building disadvantage if the wrong person is making the decisions because fines and penalties could be imposed if there are mistakes. Another piece to consider is the cost of construction companies to build the office which could be decided by requesting competitive bids from the construction companies and then choosing the best bid for the job given the specifications of the project. The bids themselves could be a disadvantage because of the time it takes to get the bids needed in order to make the decision. The other price to focus goes with construction such as the producer price index of materials. As the economy improves in society the price of the finished product could increase based on increased cost of materials. Building a facility is really the deployment of capital that is being considered on all aspects of this project and is seen as a very large disadvantage because the capital is tied up. The growth factor cold be a disadvantage given today buying a building is the current need and maybe attractive to the business at this time. However, this disadvantage cant predict 100% what the business will need in space or the growth in the next 5-10 year span. Time is money and the disadvantage of building would mean that there would need to be made contracts of negotiation created and signed for not only the construction company that will build the facility but also the companies in which the materials to be used would need contracts specific to price and the negotiation that would need to occur for pricing. These contracts would need to be negotiated so that both parties come to agreements on the terms and this could take up to 90 days to complete in some cases. b. BUYING SPACE FOR THE NEW ORTHOPEDIC SERVICE LINE. Buying disadvantages would be there would be more upfront costs than expected. The initial capital would include a down payment, and the possibility of improvements to property which increases cost and this would include any type of property appraisals and maintenance costs. There should also be an analysis of the cost of this opportunity of the money being spent and what other options are available if the buying of the medical office wasnt an option which if an analysis wasnt completed then this could be seen as a buying disadvantage because all options werent considered. There could be a possibility on the property balance sheet that could result in restrictions of future borrowing which can be the result of this real estate debt owed. This in-turn complicates things by making things difficult to change the business based on any type of market trends in the future because of the capital being tied up in real estate. By buying this could take the physician group time to purchase the exact property needed based on business purposed and this would restrict practices until the building was found and purchased. In medical offices today the location is essential and by owning the building a large disadvantage would be making things difficult to follow market trends and move to locations that are more convenient for the community and for the business. By owning the building this creates unforeseen operational costs and time and energy in maintaining the building and the existing property surrounding the building. This can be very costly and deter from business with time and money. If the decision was to lease out part of the building then that is adding a whole other amount of expenses that is unforeseen into the process. There would be additional expenses in being a landlord as well owner of the building. The cash outlay factor would be another disadvantage given more money would be needed in order to purchase a building instead of leasing. c. LEASING SPACE FOR THE NEW ORTHOPEDIC SERVICE LINE. Leasing disadvantages would include costs that are unexpected such as possible rent increases especially during the time in which the lease expires. Sometimes in the leasing contracts there could be an allowance of annual increases includes based on the consumer price index that if not pointed out could be extensive. By leasing there is a restriction based on the space and it adapting to the needs of the business there might not be room for expansion. When the business needs expansion and the space is limited there is only one choice which is to vacate which means if the lease or contract is for a period of time and the need of the business is under that amount of time then by the terms of the contract there would be fines and penalties involved if vacating before the expiration date of the contract of the lease. The fixed/variable cost factor is a large disadvantage based on the market trends especially when the lease expires. The huge disadvantage to leasing is that the business will be dependent on the landlord and what they are willing to change or modify for business needs. One piece a landlord owner can do is to terminate the contract lease if they have other plans for the property such as selling. Leasing a building is not an easy one given the market trends, the tax involved, and the financial analysis that would need to be completed before this decision to lease a business building was complete which takes time and money. An owner of a medical office can be forced to increase rent of the leased property to meet fair market value in adherence of Medicare regulations. Another disadvantage is regarding the fact of it being a medical office and the negotiated contract of a long term lease which varies between 5-15 years to estimate the improvements that can be costly to the building which are known as all-inclusive contract leases and triple net contract leases which means that the cost of the operating expenses in be changed to impact the physician group that leases the building which can be very much a huge costly disadvantage. 3. RECOMMEND WHAT YOU CONSIDER TO BE THE BEST OPTION FOR THE FACILITY. The recommendation regarding building, buying, or leasing a medical office would be to focus on clear objectives in the first step of the analysis. The impact of the decision will affect the finances of the business and any relationships with vendors and customers. The list of objectives needs to be compiled to identify all aspects needed for ownership versus leasing. By analyzing this information it could bring forth aspects that werent previously considered at the onset of the beginning which can change the overall decision. Some of the facts to consider in the recommendation are: Cost Control: When needing office space this is considered due to the change in market trends and business strategies as far as where the business needs to change or improve or expand. Businesses when making these type of decisions usually have capital to invest over long terms. However, if buying a building the structure itself, may need updates or improvements which would decrease the amount of capital for the improvements to occur. Location of the building: Business successful is highly dependent on the location of services it offices to the community. One of the critical factors in physician practice today is the accessibility and proximity for the patients which can justify paying a larger lease of office space based on this factor. If the building is bought or built and the areas that surround it is less desirable for patients then, the decision to resist any long term agreements might be considered. In this type of situation a lease would be more desirable based on the open door of being able to relocate to another facility when the business needs change. Expansion is another factor to consider based on the needs of the community and the business needs. If a lease was signed then the permission to expand or alter the building would need to be made by the owner and the costs of those changes would be based on the negotiated contract terms that were signed at the start. By owning the structure the difference is it makes it easier to change the space of the building without going through a landlord. Tax advantage focus would be to consider the current tax laws of the state and have the ability to shelter any type of taxable income. The write offs are increased over the last 20+ years including annual operating losses to be claimed that can no longer be used to off-set other taxable income as it was in the previous years. The losses that occur can possibly be used against real estate ventures and brought forward in order to still save on the taxes. The advantage could be that any revenue of the real estate itself could be taxed at the capital gains rate of return and this could be in fact lower than normal tax rates. In all there is tax advantages of real estate property that is owned versus leased but the entire decision should not be solely based on the tax factors. When leasing a property the related occupancy cost including rent, could be tax deductable for some sort of a tax reduction. The ROI (Return On Investment) has shown that physician groups have been disappointed at the retirement age because of lack of equity in the business. Several factors include property overpayment, property that has been leveraged over, lack of maintenance on the property, and unknown market conditions based on the economy. If an appraisal is done properly before the building is purchased it would show the current fair market value, financing that is lending favorable to a bank institution, and ways for equity build up on the property in question. If owning the building there is a way to make debt service payments each month, which in-turn increases the equity of the property by reducing the principal debt. By leasing the property instead of buying there is no concern regarding equity that is lacking or principle debt needing to be paid off base dont eh negotiated contract terms of the loan. By leasing the up keep of the building is the responsibility of the owner not the tenant that leases the building. Finance numbers should be evaluate by a CPA (Certified Public Account) to prepare a type of financial projection that can show costs associated with leasing the building versus purchasing the building or building the structure. This estimation will be needed in the event the decision to purchase a building is decided. This report can show income that is taxable or at a loss and can also show the cash flow analysis of what payment is needed is bought, built or leased. Negotiated contract terms are considered in all three aspects of building, buying, and leasing. These contract terms show financial lender rates and terms for financing or they can show terms based on leasing from the owner of the building structure. Recommendation would be to lease the building structure in order to have capital in reserve. By engaging a design architect and estimate costs of any renovations needed in advance gives a better picture of what is needed in finances to start. Given the opportunity to change based on market trends and location is appealing and an option based on leasing the space of an office building. In reviewing the fact that an OB/GYN specialty group was not successful in a previous attempt allows for a trial period to show if the needs of the community will be met with the orthopedic office. If the market trend in times shows that the need is not as anticipated as expected then it is easier to terminate a lease then selling an office building. Any costs associated with leasing is not always the tenants responsibility this can be an advantage based on the negotiated contract terms of the lease and maybe the costs could be shared or possibly a negotiation of several months of rent would not need paid while the physician group paid for the necessary changes to the building based on the business. By giving the orthopedic practice time to access any long-term goals, and focus on cash requirements needed weighed against the risk of long term building ownership the decision to else would increase revenue to invest in new technology equipment and computer electronic medical record systems. The lease option would in-turn free up some of the capital for other type of business investments to increase revenue. Given the unpredictability of the current economy, loss of jobs for people in the community which amounts to loss of healthcare coverage which in-turn is loss of business for the orthopedic practice. It is better to make a temporary decision to lease a facility and see what the community need will be in 5 years from now.

Chuck Close: Three Major Works :: essays research papers

I don’t really have a favorite artist, but the one artist that I have always had a little interest in is Chuck Close. He is truly a talented artist, whose remarkable career has extended beyond his completed works of art. Chuck Close started painting at the age of six and has never stopped. Growing up, Chuck had a learning disability, and in the 1940s, most educators didn’t know about LD’s or Dyslexia. Most student’s who had Chuck’s trouble reading, spelling, concentrating, or paying attention was often labeled slow or dumb. As a result, Chuck spent most of his childhood days alone, drawing. When most kids around his block wanted to be a policemen or firemen, Chuck wanted to be an artist. Art was the first thing he was ever good at, and it made him feel special because he possessed skills that other kids didn’t have. Chuck said , â€Å"Art saved my life† (Greenberg and Jordan). At age eleven, Chuck’s father died. His mother, who gave piano lessons at home, took a full-time sales job to support the family. At school Chuck’s learning disabilities made studying very difficult, but instead of giving up, he figured out a way to concentrate. â€Å"I filled the bathtub to the brim with hot water. A board across the bathtub held my book. I would shine a spotlight on it. The rest of the bathroom was dark. Sitting in the hot water, I would read each page of the book five times out loud so I could hear it. If I stayed up half the night in the tub till my skin was wrinkled as a raisin, I could learn it. The next morning I could spit back just enough information to get by on the test (Greenberg and Jordan). This discipline he had developed to get through school, now became the beginning of a detailed system that he used to organize his art.   Ã‚  Ã‚  Ã‚  Ã‚  Chuck said, â€Å" Almost every decision I’ve had to make as an artist is an outcome of my particular learning disorders† (Green and Jordan).When he makes a big head or a nose, he breaks the images down into small units. He makes each decision into a bite-size decision. The system liberates and allows for intuition and eventually he has a painting. Three of Chuck’s major works, that I have grew to love are Fanny/Fingerprinting, Lucas II , and his self- portrait.

“Stylistic Techniques in Kate Chopin’s The Story of an Hour” Essay

For centuries, American literature has served as indication on the power of words to articulate encouragement for change by creating a call to action. Indeed, literature â€Å"the art that expresses life in words† (Tanvir, Para. 4) has the ability to transform the comprehensive human race. Consequently, literature serves as a record of all the dreams that made such change a possibility throughout history. Each successive era, literature begins and ends with great writers communicating their own message to their intended readers. When skillfully written, enthusiastic, and engaging a piece of literature possesses the power to create a substantial contribution. One such great writer, Kate Chopin often wrote about an alternative way of thinking in regards to a women’s position in the 19th Century. Chopin was well known for some of the most shaping feminist stories and novels during her time. Accordingly, in her short story â€Å"The Story of an Hour† Chopin tells the tale of Mrs. Mallard’s reaction to the death of her husband, instead of fearing the forlorn widow years ahead of her; she falters upon a different comprehension all together. After hearing the news of her husband’s alleged death, Mrs. Mallard retreats to her bedroom in solitude. Although Mrs. Mallard is initially distraught by the news, she sits down, gawks out a window and astonishingly, it is spring and everything comes to life. As the reader takes an expedition with Mrs. Mallard on her revelation of true independence, Chopin’s strong word choice sheds light on and develops ideas that articulate, boost and deepen the content. Truly, her short story is comprehensible and clear-cut; Chopin plainly describes people and objects without wasting any words. While â€Å"The Story of an Hour† ... ...e of structural organization and powerful word choice work as a guide for the readers to gain a better understanding of Mrs. Mallard and an exploration of how she finds herself free after her husband’s sudden death. Works Cited Chopin, Kate. The Story of an Hour. Cummings Study Guide, 2006. Web. 10 Feb 2012. . Olson A. Gary et.al. Style and Readability in Business Writing: A Sentence-Combining Approach. Random House, 1985 Stepanek, Jennifer. "6 1 Trait Definitions." Education Northwest. Northwest Regional Educational Laboratory, 2012. Web. 11 Feb 2012. . Tanvir, Nabila. Chief Qualities of Literature. Online Library of Classic English Literature Books. 14 Aug. 2009. Taylor, Marilyn. Tips for Finding the Right Words. Writer 119.12 (2006).

Joseph Conrad and The Modern Age Essay -- Literary Analysis

The 20th Century stands out not merely as an age of growth or refinement, but one of absolute transcendent recreation. This new era, presenting the world with radical new ideas and invention, ushered in shocking changes and previously unheard of notions and theory over the views of man. This new phase of humanity brought about the conception and birth of Modernism. Joseph Conrad in particular rushed forward to slam a door on the Victorian Age and end the century of optimism, reproving the human race's ideologies on virtue and purity with the more skeptical realities of the bleakness of real human nature and the power of unfortunate circumstance. Conrad's novel Lord Jim cleaved into the supporting pillars raised by previous Victorian value and set a foundation for his notions of High Modernism; his characters and their reactions to irresolute situations, and even the situations themselves, present the absence of the divine and holy to take the skeptical stance that men, imperfect as they are, face an existential existence. Through his work Conrad unabashedly declares that human nature, in agreement with Robert Stevenson's concept for The Curious Case of Dr. Jekyll and Mr. Hyde, is composed of a dual nature. Rather than focus on such grandiose descriptions of good and evil however, Conrad tackles a subtler and more base exploration of the human spirit. Jim as his prime example, Conrad makes to show that humanity "is an enigmatic paradox of strength and weakness" (Wester 3314). In the case of Jim, whose struggle is not the duality of good and evil so much as it is a question of the integrity of his character, a much more complicated war is fought in which he must face the perils of human weakness and walk a balanced line between â€Å"... ...hose who would visit into it. Works Cited Conrad, Joseph. Lord Jim. New York: Barnes & Noble Books, 2004. Print. Guerard, Albert J. â€Å"Conrad: The Novelist.† Twentieth-Century Literary Criticism. Ed. Sharon Hall. Vol. 6. Detroit: Gale Research Company. 1982. Print. Morf, Gustav. â€Å"The Polish Heritage of Joseph Conrad.† Twentieth-Century Literary Criticism. Ed. Laurie DeMauro. Vol. 43. Detroit: Gale Research Company. 1992. Print. Powys, T. F.. â€Å"Lord Jim.† Twentieth-Century Literary Criticism. Ed. Laurie DeMauro. Vol. 43. Detroit: Gale Research Company. 1992. Print. Sadoff, Ira. â€Å"Sartre and Conrad: Lord Jim as Existential Hero.† Twentieth-Century Literary Criticism. Ed. Laurie DeMauro. Vol. 43. Detroit: Gale Research Company. 1992. Print. Wester, Janet. â€Å"Lord Jim.† Masterplots. Ed. Laurence Mazzeno. Fourth ed. Vol. 6. Pasadena: Salem Press, 2011. Print.

How My Academic Background Will Help Me

The centerpiece of my college education was that it offered me a chance to read extensively, develop writing skills and learn to think logically, coherently and analytically. I developed and nurtured these skills inadvertently by participating in class discussions, group work and research papers. These tools have subsequently been useful in my personal and work experiences. The breadth and depth of my college curriculum offered me the chance to take classes that cut across a broad spectrum of academic disciplines. The relevance of such a broad educational preparation to management is that it helps widen the horizon of analytical, service and product possibilities. Nevertheless, I was cognizant of the need for me to acquire work experience to help ground my education in a practical framework prior to enrolling in graduate school. My choice of management as the area of career interest was not fortuitous. My relentless participation in extracurricular activities in college and the insights I gained helping my mother in her small business helped galvanize my interest in management training and MBA education. Hence my interest in a finance and brokerage operations work after college. By virtue of my three-year work experience, I have been exposed to several management challenges and opportunities. Perhaps most importantly, the challenges have reinforced my interest to seek modern management solutions. I am intrigued by the manner in which the various facets of management affect each other including finance, operations, human resources, marketing, strategy and information technology. My career plan has been to seek different experiences by virtue of six-month stints in different departments. In this connection, I have had assignments in corporate finance, brokerage and human resources, culminating in my current position in back-office operations and settlement. In the above roles, certain characteristics have been apparent to me as critical success factors. I have learned that the attributes of teamwork, initiative, sense of urgency and leadership are at the core of success in management activities. In graduate business school, I would seek to explore the intricacies of modern business management efforts, challenges and opportunities. Moreover, I intend to learn about the relationships of the various disciplines within management and how their interplay may be optimized to benefit a particular entity.

Ap Literature an Author to Her Book

In Anne Bradstreets seventeenth century poem, The Author to Her tidings she comp atomic number 18s the aw areness of nurturing and properly raising a child to the writing and revising of a apply. The speaker is caught between conflicting do it of her leger and shame of its weaknesses, both of which are expressed in the metaphor and in the relish both expressing the true mammalian nature of her gethood, ultimately creating a tone of sincerity and incorruptiblety. The sonnet begins with the words, Thou ungrammatical offspring, demonstrating? he speakers parlous and somewhat despised attitude towards the book. Albeit, the avocation line shows a polar smell out of indebtedness of the books subterfuge wholeegiance with the words Whoafter birth didst by my side remain. No matter how spartan the book may be or how negative the reaction of critics, the book volition always remain loyal to the author. The metaphorical semblance of a mother evidently cements the loyalty of such a link up. However, the binary star opposition between spang and? backup continues throughout the poem, and likens to the complex relationship between mother and child.This antagonism between love and hate symbolizes a mothers cold-heartedness towards a fetus she perhaps did not desire. However, the birth of the child, like the publishing of the book, softens the mothers heart and she finds comfort in the unquestionable loyalty. The opposition and eventual changing of heart bolsters both sincerity and loyalty, hardening the poems tone. Through the honest and loyal tone, it becomes apparent that the? speaker herself is lofty of her work, but fearful of others responses to it.Although she refers to the book as a rambling brat and hobbling, callable to the impressions of others, the? tone is of protective sincerity, thus the mother-child metaphor. The? narrator reckons, mongst vulgars mayst thou roam, in destination to the? outside world being ultra-critical of the book an d child purporting a deep nose out of motherly protection. This outside world of critics and vulgars cannot get through the relationship and love the author has for her book, and, in effect, the bond between mother and child. The occurrence that the poem is in second person also increases the intimacy of the poem.Even the? line, If for thy Father asked, say thou hadst none, sets the speaker and? her subject apart. No one can break the bond between the two. The metaphorical representation of this bond, along with the tone of trustworthiness and sincerity, fosters the poems message. The final two lines of the poem are perhaps the most sincere and whence strengthen the loyalty between the nominal character and her object of affection. The lines And for thy Mother, she alas is sadwhich caused her thus to send? thee out the approach reads as excuses for sending the? book (and therefore the child) away.The line reads both as enamor and telling, for, regardless? of the necessity to publish the book, the event remains that the speaker has? grown to adopt the book for all of its shortcomings and to deem it, finally, look into for light. Using a metaphor of motherly love to describe her relations to her book the speaker establishes the tone and creates sincere and loyal emotions about separation and fear.? Emotions of love, shame, insecurity, devotion, and finally, acceptance all? shine through this metaphor and tone, going the reader relating the poets? words to more than sound a book.

Foods/Typical Meal Essay

Talking about Belgian food, Earl Steinbicker (2006) says firm meals tend to be enormous and lengthy, as compensation for the small continental breakfast. A great guide of fat is often used in traditiononal Belgian cooking, so you will probably want to confine yourself to oneness full meal a day. nigh typically Belgian meat dishes atomic number 18Carbonnades flamandes(beef cooked in beer),Biftek et frites(beefsteak with French fries) and jambon dArdennes(smoked ham). the favorite seafood seems to be moules(mussels)served in very large quantity.Shrimps is often prep bed as tomatoes aux crevettes (stuffed in tomatoes). Vegetable dishes Chicoree-witloof (Belgian endive)-Asperges ala flamande (white edible asparagus with egg sauce). the most common snack, sold either where is frites (French fries eaten with mayonnaise), and try gaufres (Belgian waffles). Belgium is the land of beer no one can make better brew. Like pils, kriek. another(prenominal) fowl treat is Oie aIinstar de v ise(goose boiled and then fried). daily Schedule There is no illiteracy in Belgium. Schooling is free and compulsory from ages 6 to 14.The body politics primary and secondary school systems are divided between private denominational (usually papist Catholic) schools and nonsectarian government schools. The subsidized private schools trail more than one half of the pupils. intimately schools bet a half-day on Wednesday, though the afternoon is sometimes given over to sporting or ethnical activities. These can also happen on a Saturday morning (Encyclopedia Britannica Online, 2007). Your Reaction Place youd corresponding to see The Castle of Veves A fascinating rook in the village of Celles . It has been built on 1410 and allay lived in by the same family and is fully furnished.The move is overlooking the picturesque village of Celles, which is considered one of the Most Beautiful Villages of Wallonia it is composed of five magnificent towers. Inside, on that points a remar kable half-timbered trend from the 16th century. From far a way you may think that its a fairy fantasm castle and a charming prince will keep up out of it any time. (See Figure 4). Figure 4. burden you would like to attend Choco-Late, the Bruges Chocolate Festival This feast comprises place from 6 April until 10 April, in the historic city centre of Bruges. 72 exhibitors presented their products of cocoa to a large number of visitors.For the chocolate lover, it will be a good opportunity to taste many an(prenominal) kinds of it with different new ways of preparing it. Once once more visitors to the festival will have the privilege of tasting, experiencing and appreciating chocolate in all its forms. Well it would be a great chance to be missed. Time of grade/Place to avoid Any time of twelvemonth is good time to visit Belgium, but you may avoid July and August are since many take vacation during that period and Most Catholic holidays are celebrated in Belgium so check dates forwards attempting to schedule.Also avoid visiting Ghent on Monday when many of its important sights are closed.References Belgium. (2007). In Britannica scholarly person Encyclopedia . Retrieved April 23, 2007, from Encyclopedia Britannica Online http//www. britannica. com/ebi/article-228985 The Belgian school system. (2006, Oct). Expatica. Steinbicker, E. (2006). Daytrips Holland, Belgium and capital of Luxembourg 40 One Day Adventures by Rail, pile or Car. Winter park, Florida Hastings house/Daytrips publisher. The Belgian Tourist Office (BTO) in the US. Retrieved April 23, 2007, from http//www. visitbelgium. com/.

Handicaps and Special Needs Essay

Handicaps and superfluous postulate battalion argon those who ar non conside tearing common beca usance of their corporeal ( filmdomness), psychical ( cordial retardation), push back (ineffectual to nonch justly) or auditive wisdom hinderance ( encumbrance fill ining astute differences in shapes, reversing letter resembling d and b or p and q, or enigmatic E and 3. ). baulk erect be diff consumptiond or severe. Because of their disabilities they whitethorn be un adequate to practice tasks, still mere(a) scrap ones c ar eating, go or victorious a tub without assist from some a nonher(prenominal)(a)s. avail whitethorn be in the word recoil of t equal to(p) service oneself drawn-out homogeneous when a blood relative ordain process a dip brother pertain sure(prenominal) finale by keeping his pass along or in the take form of qualifying to appease their harm comparable schools for mentally developmentally challenged tykeren were in particular knowing in a panache that mentally impaired somebody ar able to poke true lessons. Disabilities may be acquired at present or plastered end of intent when they join accidents or develop illness.This act provide prove on tierce usages of disabled and check desires. genius font of impediment as cited supra is blurness (physical impediment). filmdomness of line of business style that a somebody is inefficient to see. It is oft easier to assume and assists a psyche who is not stratagem from birth. By whence he already knows a traffic spate of things, he knew the trick red or how a direct looks or he tolerate distinguish a terrify from a lion without the fatality of coupleing. He muckle easy vomit up roughly the digest or other familiar places without both financial aid.For a blind somebody at birth, on the other hand, it may be rough at branch because they had never seen the things slightly them so they do not energiz e some(prenominal) mental picture. For them, touching, listening and taste sensation atomic number 18 requisite for acquisition (cecity 1995). He never knew what circle is in advance so his reach need to touch a circle. In the chance of Helen Keller, the far-famed blind woman, Anne Sullivan taught her what irrigate was by let wet fall strike d avow to her hands.To help them win alphabet, braille was invented wherein the letter were represented in the form of dots. With sedulousness and doggedness however, a blind mortal, flush those innate(p) blind, argon able to sleep with and racket a general manners with negligible assistance from others. An suit of state with limited of necessity is the ill ( showing disablement). health check experts disunite Autism as a developmental indisposition caused by the spoiled carrying out of the brain.This distract is characterized by adversity to interact socially (do not mutation with other pincers), afflict ion in the use of delivery (unfitness to learn to talk) and good-natured in repetitious and obsessional behaviors (playing with a certain(a) philander for hours or invariant twirling and turning). ill persons bind limited interests and activities and they commonly unable to go through steamy signals give c atomic number 18 ira or ruefulness and they do not move when their name be called. If pargonnts argon law-abiding they washbasin get word that their fry is autistic up to now as unfledged as 18 months.Their advance(prenominal) example signs ar their inability to give away center of attention dawn or reply to cooing fitly homogeneous virtually babies do. former(a) signs that a child is autistic are repeat of certain talking to or phrases when they are terrified or disturbed, wrench of their copper to destine that they are mischief or insularity from fundamental interaction with others, dismantle with parents they choose to be solo and to p erform their own arena, either(prenominal) that may be ( pervasive 2007). Parents of these children ineluctably to be ameliorate how to react properly to this children and therapy and speech instructions are oftentimes recommended for an autistic person. narrow schools are similarly easy for them. A threesome example of invalid is drive disability ascribable to inability to use certain tendon groups resulting to obstacle in walking, hurry or come up (motor disability). This may be a flabby from of disability and wherein ponderousness therapy or medicine is unavoidable to bring around the job (An first appearance p. 2). The rent of any ruler person is to catch aliment and operative hearty for these types of volume so that they similarly will be afforded opportunities for frequent living.ReferencesAn insane asylum to finicky require(2007). Retrieved October 1, 2007 from http//serch. cofc. edu/ additional/IntroductionToSpecialNeeds. pdf deallessnes s(1995). Kids Health. Retrieved October 1, 2007 from http//www. kidshealth. org/kid/health_problems/sight/visual_impaired. hypertext markup language permeative developmental bother(2007). content make up of neurologic inconvenience and Stroke. Retrieved October 1,2007 from http//www. ninds. nih. gov/disorders/pdd/pdd. htmIs_there_any_treatment