Saturday, August 31, 2019
Origins of Psychology Essay
This theory was developed by Sigmund Freud in the early 1900ââ¬â¢s and paved the way for modern psychology in the early 1900ââ¬â¢s. This theory deals with the deep, inner and mysterious core of the human psyche, in search of understanding the psychology of the human being. It is also closely connected with evolutionary perspectives on personality. Behaviorist : The primary focus of the behavioral perspective is on behavior and the influence of the external environment in shaping of the individualââ¬â¢s behavior. Teaching, therefore, refers to the environmental conditions that are arranged and presented to students. Some of the key behaviorist theorists in the field of psychology are viz. , John Watson, B. F. Skinner, and E. L. Thorndike. Teachers who draw from behaviorist theory tend towards active learning (or ââ¬Å"learning by doingâ⬠). The teacher determines all of the skills needed to achieve the desired behavior and students learn them in a step-by-step manner. Humanist : The focus of the humanistic perspective is on the self, which translates into ââ¬Å"YOUâ⬠, and ââ¬Å"yourâ⬠perception of ââ¬Å"yourâ⬠experiences. This veiw argues that you are free to choose your own behavior, rather than reacting to environmental stimuli and reinforcers. Issues dealing with self-esteem, self-fulfillment, and needs are paramount. The major focus is to facilitate personal development. Two major theorists associated with this view are Carl Rogers and Abraham Maslow. Cognitive : The school of psychology that examines internal mental processes, such as creativity, perception, thinking, problem solving, memory, and language. Cognitive psychologists are interested in how a person understands, diagnoses, and solves a problem, concerning themselves with the mental processes that mediate between stimulus and response (Garvey,1999) Neuro-scientific / Bio-psychological : The neuro-scientific framework seeks to relate behavior and mind to the brain. The important overall point of a neuro-scientific perspective is that analyses of normal or abnormal function need to be informed by an understanding of the brain structures and processes that implement the function. Psychiatrists need to monitor emerging work that highlights the need for both a neuro-scientific and medical perspective in the management of complex disorders. Evolutionary : Evolutionary psychology is the science that seeks to explain through universal mechanisms of behavior why humans act the way they do. Evolutionary psychology seeks to reconstruct problems that our ancestors faced in their primitive environments, and the problem-solving mechanisms they created to meet those particular challenges. From these reconstructed problem-solving adaptations, the science then attempts to establish the common roots of our ancestral behavior, and how those common behavioral roots are manifested today in the widely scattered cultures of the planet. The goal is to understand human behavior that is universally aimed at the passing of oneââ¬â¢s genes into the next generation. Socio-cultural : The social-cultural perspective concentrates on the culture of a group of individuals or society as a whole rather than the individual. To understand why people tend to show certain behavior traits, mental health clinicians look at what affects the community as a group of individuals might have on their own thought processes. Some of the questions pondered are if a person behaves a certain way to be accepted or commits an act because it is accepted amongst their society.
Friday, August 30, 2019
Africa Hunger Essay
Today, i am happy to come here and tell you sth about Africa Hunger. First, i have a small question for you :â⬠have you ever had nothing in your stomach for three days? Maybe none of you here have suffer it but in sub-saharan Africa, there are a lot of people died everyday due to starvation. In this presentation, i will tell you five things you may not know about hunger in Africa. Hunger in Africa has become a huge issue over the years. There are billions of adults and children starving. The first of five factors you may not know about Africa Hunger is Climate changes and bad weather significantly affect hunger in Africa. It push more and more people into hunger. According to Climate changes and Hunger, FAO, 2009; By 2050, climate change and bad weather will have pushed another 24 millions children into hunger. Almost half of these children will live in sub-saharan Africa. Why FAO can point out this conculsion, they have analized value of the number of hungry people from 2001-2009. this climate changes factor has create the following factor. Factor number 2 is rising food prices contributes to hunger in Africa. It is affected by climate changes and economic issue. However this problem can be solved since there are a lot of foundations for victims of starvation. However Factor number 3 showing that 2 factor above has crushed this part of the world is Africa accounts for 1 quater of the hungry population. From this chart you can see that there are 102 billion people in hunger all around the world and about 642 millions in Asia ââ¬â Pacific. Sub- saharan Africa hvae reach 265 millions which mean 1 quarter of the worldââ¬â¢s hungry population. The following factor will show us how terrible hunger is? Factor number 4: Hunger kills more people than AIDS in Africa. FAO has shown that 14,6 million African died because of AIDS but it is up to 42 million hungry deaths in the near East and North Africa. Factor number 5 relating to money have point out that it only take $0,25 to feed a child in Africa. You can provide a child with all of the vitamins and nutrients, he or she need to grow up healthy with only 5200 VN à per day. Food is a humand right but there are more hungry people now than at any time in history. We can fix it. By this preresentation, i just want to send you a message ââ¬Å" plz, donââ¬â¢t waste your food even a piece of breadâ⬠.
Thursday, August 29, 2019
Critical synopsis Essay
A book that scrutinizes the increasing competition between China, India, and Japan and how it affects the global financial system, Bill Emmottââ¬â¢s ââ¬ËRivals: How the Power Struggle Between China, India, and Japan Will Shape Our Next Decadeââ¬Ë dwells further on the issues that extend these three nations. Obviously, he recognize the fundamental evolving power rivals in Asia as such region still does not have the merging foundation that have facilitate Europe to its issues. He highlighted the importance of China, India and Japan to encompass a strong influence in the intercontinental associations to boost up their economies without clashing each otherââ¬â¢s head. For me, the true essence of the book lies with his ability in molding the readers to understand the issues that these countries have with each other as well as with the US and other key nations without augmenting into alarmism. With the global economic turmoil that started in the US mid July-August 2008, reading the book really sharpens once mind to the reality that Asia, despite itââ¬â¢s own economic meltdown would always have a say in society as it generates a very strong influential power that could either make or break them and the whole world at large. Yes, Chinaââ¬â¢s rapid economic leap is may be in conflict with itââ¬â¢s political reform; Indiaââ¬â¢s economy might be in conflict with itââ¬â¢s key policy and Japanââ¬â¢s old age population issues might yield a very poor economic shrinkage but with the continued boost especially in the Business Process Outsourcing sector (which China and India are the leading provider), all three countries could safeguard their economic stability ââ¬âââ¬â of course, providing that no chaos arises, which is only possible if all three countries could work harmoniously had in hand and eliminate any possible dilemma that would arise especially as we face the saga of recession.
Wednesday, August 28, 2019
The Killer Angles Essay Example | Topics and Well Written Essays - 1250 words
The Killer Angles - Essay Example She was from the South, with family roots going back to Thomas Jefferson and "Light-Horse Harry" Lee. The diversity in his parents brought him in touch with both worlds, North and South, a factor that probably allowed him to understand both sides in the Civil War. Shaara did extremely well in school, winning more awards in high school than any other student in the history of the school. He received letters for basketball and track and excelled as a baseball pitcher. His father also taught him to box, something that remained a passion in his life and figured in his writing. Important books written by Michael Sharaa include; the killer Angels ,For Love of The Game, The Herald, The Broken place, Soldier Boy, The Noah conspiracy, ,Gods and Generals, Conquest Over Time and THE Book (Biblio.com) The killer angel is a famous book by Michael Shaara. It is a historical novel written in 1974, which won famous prize for fiction in 1975. Novel is about four days of the battle of Gettysburg in th e American civil war. Book starts from 29 June 1863 to 3 July. During this time, Union and Confederacy troops moved and fought in the battlefield. The novel is character driven where many of them talk and openly give their viewpoint. A film basing on novel was also released in 1993, named as Gettysburg. Tone of novel is sad covering era of 19th century. Mainly main gender is covered in the character of infantry soldier with white race. A significant amount of violence has been used. Main characters and adversaries are sensitive to others feelings. Sense of humor is displayed but gently. Setting used is USA with area of northeast- mid Atlantic states with small town. Michael Sharaa writes in preface ( Michael Sharaa) ââ¬Å"This is the story of the Battle of Gettysburg, told from the viewpoints of Robert E. Lee and James Longstreet and some of the other men who fought there. Stephen Crane once said that he wrote The Red Badge of Courage because reading the cold history was not enough ; he wanted to know what it was like to be there, what the weather was like, what men's faces looked like. In order to live it he had to write it. This book was written for much the same reason. You may find it a different story from the one you learned in school. There have been many versions of that battle and that war. I have therefore avoided historical opinions and gone back primarily to the words of the men themselves, their letters and other documents. I have not consciously changed any fact. I have condensed some of the action, for the sake of clarity, and eliminated some minor characters, for brevity; but though I have often had to choose between conflicting viewpoints, I have not knowingly violated the action. I have changed some of the language. It was a naive and sentimental time, and men spoke in windy phrases. I thought it necessary to update some of the words so that the religiosity and naivetZ of the time, which were genuine, would not seem too quaint to the modern e ar. I hope I will be forgiven that. The interpretation of character is my ownâ⬠. There are following characters appearing through out the book South Robert Edward Lee (Commanding general, Army of Northern Virginia) James Longstreet (Lieutenant General) George Pickett (Major General) Lewis Addison Armistead (Brigadier General) John Bell Hood (Major General) Isaac
Tuesday, August 27, 2019
Law in Action Case Study Example | Topics and Well Written Essays - 1500 words
Law in Action - Case Study Example On the death of Patrice and she made no Will or testament, her two kids can be a representative of Patrice or if the husband or Joel is still alive, he could inherit the property provided that Patrice allows him to represent her. At this point, there can be no other choice than him if by the time of Patrice death the kids are still minor. If in case, they are old enough, Joel, being the person alive at that time can choose one of the kids to represent their mother. Joel had been Patrice civil partner for a time, though she is not ready to marry him, he can represent for her. If on the other hand Patrice marries Joel, he will represent her on her death for they were married any way, either civil or church wedding. If no disposition by will shall be made of any estate pur autre vie of a freehold nature, the same shall be chargeable in the hands of the heir, if it shall come to him by reason of special occupancy, as assets by descent as in the case of freehold land and see simple; and in case there shall be no special occupant of any estate pur autre vie, whether freehold or customary freehold, tenant right, customary or copyhold, or of any other tenure, and whether a corporeal or incorporeal hereditament, it shall go to the executor or administrator of the party that had the estate thereof by virtue of the grant; and if the same shall come to the executor or administrator either by reason of a special occupancy or by virtue of this Act, it shall be assets in his hands, and shall go and be applied and distributed in the same manner as the personal estate of the testator or intestate. The only legal estates now capable of subsisting in land being an estate in fee simple absolute or a term of yea rs absolute, estates pur autre vie can now only subsist in the equitable interest in land, legal life estates being abolished (Law of Property Act, 1925) (c. 20), section 1(1), (2), (3), Vol. 15 title Real Property, p.177) As to special occupancy, see section 1 (1) of the Administration of estates Act 1925 (c.23), Vol.8, entitled EXECUTORS AND ADMINISTRATORS, p 306, by virtue of which real estate to which a deceased person is entitled for an interest not ceasing on his death devolves from time to time on the personal representative of the deceased, in like manner as before the commencement of that Act chattels real devolved from time to time on the personal representative of a deceased person. In early times a married woman was incapable of a will. Her will of land was declared void by statute (Stat. (1542-3) 34 & 35, Hen. 8, c.5 (now repealed)) Her will of real property was equally invalid, not merely because marriage was a gift of real property to her husband, but because in the eye of the law the wife had no existence separate from that of her husband, and no separate contracting or disposing powers. In course of time,
The Impact of Using Maps as Evidence Assignment Example | Topics and Well Written Essays - 250 words
The Impact of Using Maps as Evidence - Assignment Example It has also been used to manage enforcement through making rational decisions on crime targets. Analysts through the geographical profiling have come up with theories of crime prevention. Research on profiled locations has shown that the work product has been successful and can also be presented as evidence in courts. In cases where evidence against a crime perpetrator is not enough, police enforcement argues that crime mapping should be used as evidence in legal procedures. However, crime mapping also has negative impacts that are used by critics to prevent it from being used as evidence in courts. Since crime mapping includes analysis and visualization of collected data, incorrect data and tendencies can provide misleading information (Chainey and Ratcliffe 2006). If this evidence is presented in court, it may lead to prosecution of innocent individuals. In addition, the trends and analysis should be analyzed using the right computer software and take into account all assumptions. Changes in demographic trends may lead to incorrect results. In some regions, the statistics may lead law enforcers to assume some of the areas that do not appear as crime weak spots in their maps. As a result, crime mapping analysts should take into account all negative impacts before letting their work product used in courts as
Monday, August 26, 2019
The Road to Hell Essay Example | Topics and Well Written Essays - 750 words
The Road to Hell - Essay Example They credited his actions for dynamic liberal regionalization program that led to success of the timely regionalization policy due to the good relation with the government (Gareth 817). The government had close relationship with Barracannia that later made it to be independent that contributed to critical and challenging attitude towards the role of foreign interest. The story of Road to Hell tries to evaluate peoples views towards issues related to racism in modern days. Issues related to racism is not easy to be solved using legalistic approaches, therefore, it requires deeper research and understanding to give pure proves that the human discrimination in relation to sex, skin color, origin has brought some major issues within a community, organization and even the societies. The story tries to explain how people from different cultures and backgrounds do not always take issues of diversity into consideration. Majority estimates each other by their own scales and perceptions that always lead to conflicts due to misunderstanding. According to the story, Baker appears to be a racist. However, people need to be educated on human right to be sensitive enough to have the feeling and immediate support should be provided to the victims by listening their views carefully and respect them.The main cause of racial discrimination has led to cross cultural misinterpretation that occurs when a person gives meaning to observation and their relationship (Adler 8). Some group see themselves superior than others which makes them have power to carry out racist. According to Pierce on Critical Race Theory, he came up with ââ¬Å"one must not look for the gross and obviousâ⬠say that tried to explain the accumulation of todayââ¬â¢s racism (Web). With reference to this theory, Baker has been viewed as a racist because Rennalls was correct in his evaluation between them and the acceptance of Rennalls
Sunday, August 25, 2019
WW II Responsible for Pearl Harbor Thesis Example | Topics and Well Written Essays - 1000 words
WW II Responsible for Pearl Harbor - Thesis Example Before and during WWII, the Hawaiian Islands and Oahu, in particular, used to be an object of strategic importance. The quality of the military defense provided served a reliable measure of the quality and efficiency of all military operations in the United States during the Second World War. ââ¬Å"During the prewar years Oahu and the Panama Canal Zone were the two great outposts of continental defense, and, after Japan plunged the United States into a Pacific War, Oahu became an essential springboard for the offensive that was finally to crush the Japanese Empire.â⬠(Conn, Engelman & Fairchild 150). The quality of the defense procedures in the Hawaiian Islands at the beginning of WWII became a good test to the saliency of the military decisions in the rest of the United Statesââ¬â¢ territory. Despite the fact that the military significance of the Hawaiian Islands was widely recognized and the Army claimed the Hawaii to be one of the worldââ¬â¢s strongest fortresses (Conn, Engelman & Fairchild 150), the strength of the military defense provided left sufficient room for improvements. Failure to protect the Hawaiian Islands from the Japanese attack exposed the hidden facets of inappropriate military decisions made by American politicians and commanders. According to U.S. Congress, the Hawaiian commanders were primarily responsible for failure to protect the Hawaiian Islands in December, 1941. U.S. Congress found that the December, 1941 attack of Japan on the Hawaiian Islands was both an act of aggression and the result of the military misunderstanding among Hawaiian commanders (251). On the one hand, U.S. Congress found that Japan was primarily responsible for the attack and that the force of attack was too powerful and striking to predict and too unexpected than anyone could have thought (U.S. Congress 251). Consequentially, the U.S. military commanders could not employ
Saturday, August 24, 2019
The Media and the Role They Play in Suicide Research Paper
The Media and the Role They Play in Suicide - Research Paper Example ion, arrest, punishment, embarrassment, and pity Case study 3: ââ¬Å"Father of a gang-raped teenage girl commits suicide 'in shame'â⬠A father to a 16-year-old girl committed suicide by taking poison after a gang of eight men raped his daughter Media shame led to Krishanââ¬â¢s completed suicide Change of writing styles With the discussions provided by Lester, it is agreeable that the media through publicized books fosters suicidal behaviors particularly to readers seeking information regarding suicide Classical writers applied writing styles such as: a. Romantics b. Boffo c. Irresistible Current writing styles such as: a. Spare b. Crafty c. Lyric Suicide related books have changed for the worse Statistics on suicide Data brought forward by National Violent Death Reporting System (NVDRS) document that people also commit suicide because of exposure to behaviours opined to suicide by media figures, family members, and peers Statistical figures showing the rate of suicide since year 1993 to 2010 After every 13.7 minutes, an individual dies through suicide in the US. Almost 1,000,000 individuals attempt to commit suicide every year. Ninety percent of those people who commit suicide have a treatable and diagnosable psychiatric disorder. Most people with mental illness do not commit suicide Medical costs amount to almost $100 million annually (2005). Conclusion The media, may it be publicized or viewed, play a crucial role in escalating the rate of completed, planned, attempted, and thought attempts especially among people undergoing certain challenges including diseases, depression, and disorders Recommendations People thinking of committing suicide should seek medical attention or counselling Researchers and doctors recommend specific forms of psychotherapy such as dialectical... This paper approves that The National Vital Statistics System of the United States reveals that, many people take their lives every year in this country. The research results point out that the risk of committing suicide is higher in some people than in others. According to the available data, the major causes of suicide in the US are depression, prior suicide attempt, suicide family history, and incarceration. Media plays a potential role in contributing to the suicidal behaviours of many Americans where firearms usage in movies and substance abuse take the largest percentage of deaths that occur due to suicide. This essay makes a conclusion that the media, may it be publicized or viewed, play a crucial role in escalating the rate of completed, planned, attempted, and thought attempts especially among people undergoing certain challenges including diseases, depression, and disorders. The market is flooding with movies where characters portrayed to have contracted killer diseases end up hanging themselves. This aspect affects people the third world countries, as their living costs are high. Television and the internet especially with the upsurge and accelerated use of social networks, live video coverage, and instant messaging are contributing to suicide behaviors every day. The discussed case studies show that the media facilitates death through suicide given that the antagonists of mediaââ¬â¢s role in suicide cases depicts that the involved people committed suicide due to the shame brought unto them by the media.
Friday, August 23, 2019
Integraded pop culture autobiography Essay Example | Topics and Well Written Essays - 1500 words
Integraded pop culture autobiography - Essay Example Especially in these contemporary times, pop culture is perceived more of a commercial culture, for the commercial value it has. Storey is of the opinion that popular culture emerges from the urbanization of people. Popular culture is an amalgamation of complex forces that are interdependent on each other and impact upon society in every possible way. However, popular culture is never static, but keeps on changing from time to time depending upon the likes and dislikes, tastes and trends of people in the society. It is possible for certain traits in pop culture to be influenced by a sub- culture and be manifested in society if its values are accepted and adopted by them. In comparing popular culture from the 1920ââ¬â¢s until now, we find a huge difference in peopleââ¬â¢s way of life, their music, dance, movies, fashion, sport, art, literature and other media. However, this type of culture is quite popular because it is appeals to a very wide spectrum of people. The different med ia such as television, newspapers, radio and magazines contribute towards popularizing certain aspects of culture mainly to do with entertainment. In this essay an attempt is being made at investigating and analyzing important aspects of popular culture in the 1920ââ¬â¢s and today and trying to find out the similarities and differences by comparing the different periods. Music Music in the 1920ââ¬â¢s was quite unlike the music that we hear today. The 1920ââ¬â¢s is the period when Jazz was most popular. Some of the popular singers and composers of the ââ¬ËJazz Ageââ¬â¢ were Louis Armstrong, Duke Ellington and George Gershwin and the like who changed the face of music during the 1920ââ¬â¢s. Gershwin composed some of Americaââ¬â¢s most popular music such as musical comedies, film scores, songs, opera and his concert composition called ââ¬ËRhapsody and Bluesââ¬â¢ (Classical piano and Jazz) during the 1920ââ¬â¢s. Some of the famous cartoon characters introdu ced during the 1920ââ¬â¢s were Mickey Mouse, (1928) Winnie the Pooh and Betty Boop. However, music in the 21st century has been revolutionized due to the changing times. Most of the modern generation is comfortable with Hip- hop, Rap, Alternate Rock and Rock music as they identify themselves with it and feel that they could express themselves in a way they want. However, Classical music of the ancient period is evergreen even today and has served to influence modern composers. Some compositions that have a world vision and carries a special message for guiding the world to peace and harmony are not only popular but but instill positive attitudes among the people. Marleyââ¬â¢s music falls under this category and his song which had the line ââ¬ËOne love, one heart, letââ¬â¢s get together and feel alrightââ¬â¢ (Michael A Stusser, pg. 376) brought inspiration to the hearts of the freedom fighters during the struggle between Zimbabwe and Britain. The Jamaican Government re cognized his great contribution in the arts and awarded him the ââ¬ËOrder of Merit in 1981. (Michael A Stusser, pg. 376) On the music front, my most favorite Classical composer is Beethoven, while my most admired artist of contemporary music is Eminem. Dance Dance took on a revolutionary turn during the 1920ââ¬â¢s after experiencing the restriction and horrors of the war. People went all out to release their pent up emotions brought about by restriction in their
Thursday, August 22, 2019
Reducing Violence in Society Essay Example for Free
Reducing Violence in Society Essay Finnââ¬â¢s that ââ¬Å"we really understand the market only when we examine it within its [full] political, social, and cultural contextâ⬠(p. 144). His use of the term the ââ¬Å"moral ecology of marketsâ⬠refers to his concept that markets involve complex interactions among a wide range of social factors that must be studied like an ecological system. Finn has identified four areas of morality:(1) government imposed constraints to markets that prevent market abuses, also they various opinions from left and right hinge on where fences should be built (2) the provision of essential goods and services to all persons, that means to redress distributional shortcomings of the market and balanced the demand and supply. (3) the morality of individuals and groups to restrain individual pursuit of self-interest by virtue. 4) the presence of civil society, in other worlds voluntary associations of individuals to achieve common goals. He suggests, is not between addressing these problems through totally free markets on the one hand, or some sort of centrally planned system on the other, since all real-world economic systems include some mix of markets and government involvement. Market systems provide some boundaries that limit or prohibit certain practices, and planned economies allow some decisions to be made by individuals. For all points of view from left to right, the assessment of justice will depend not only on the structure for markets themselves but also on the context of markets. Finn provides an economic defense of self-interest and market. Because he tried to believe that libertarians seek to defend markets without recourse to moral claims. However, they have failed eventually, because any defense of markets necessarily involves some moral claims, and indeed libertarians do accept some claims, though often implicitly. So that Finn proposes the ââ¬Å"four problems of economic lifeâ⬠ââ¬âallocation, distribution, scale, and quality of relationsââ¬âwhich all economic systems must address. The economic problems are interrelated, and attempts to solve on can have a beneficial or detrimental effects on the others. Begins with the ââ¬Å"construction of fencesâ⬠that defines the bounds of allowable market fences. They allow the established fences people are free to pursue their own interests. Simultaneously, USA people agree that current market fences are morally sufficient to prevent abuses. Since Finn argues that do acting on self-interest within the game is allowed. The executives should be responsible to shareholders and employees. It is not just corporation get profits as a main purpose, but also managers should consider others. For example a company had shortage, executives does not lay off its workers during a downturn in demand but rather reduces the wages and salaries of company employees, because everybody has right to pursue their self-interest. Employees also need to pay for their family or terrible life. Also, each person have desire to pursue self-interest in social and allow do acting within rules what they made, like the ââ¬Å"construction of fencesâ⬠, the multi-national corporation should obligate to treat all teams be fair. Finnââ¬â¢s arguments are not convincing. I do not think Finnââ¬â¢s account of self-interest promote mutual understanding. First, Finnââ¬â¢s account of self-interest fails to recognize that in most market exchanges neither the buyer nor the seller takes explicit account of his or her self-interest, nor the interest of others, but each simply ââ¬Å"goes about his or her business. For example if I back to home and by the way go to supermarket to buy fruits and milk, I make calculations nor do I consider tradeoffs. I simply select the items, pay my bill, and head for home. I pursue my self-interest because I base my decision on factors such as convenience, bargains, but how often do ââ¬Å"abusesâ⬠arise on account of self-interested behavior ? Second, Finnââ¬â¢s account of self-interest is that he seems to equate self-interested behavior with market behavior. A government officer might seek to enlarge his budget, or the number of workers reporting to him, so as to increase his salary.
Wednesday, August 21, 2019
For those not familiar with this storyline Essay Example for Free
For those not familiar with this storyline Essay For those not familiar with this storyline, Romeo + Juliet is just your average boy-meets-girl, boy-and-girl-fall-hopelessly-in-love, boy-kills-girls-cousin, girl-feigns-death, boy-and-girl-commit-suicide plot. Not one to watch with a box of chocolates and a boyfriend bonfire, but a box of tissues may well be needed. Director Baz Lehrmann chooses to set this epic in Mexico, a perfect modern backdrop for the violent gangland culture Shakespeares script conveys in a modern context. The two families-the Capulets and the Montegues- are beautifully contrasted; the lighthearted Montegues in open Hawaiian shirts, against the tight black clad Capulet boys sporting many gold accessories. These two groups of arch nemeses are, however, united by their mutual habit of openly wearing guns with such flair and style they could easily pass as a fashion accessory, rather than an accessory to murder. In the prologue the role traditionally played by the chorus is adopted by a real life U. S anchorwoman. The prologue is so turned into a news bulletin. You are literally drawn in to the film as the shot slowly zooms in on the television showing the newsreader, before the shot hurtles down a metropolitan street, dragging the audience, with trailing stomachs, behind it. Lehrmann captivates his audience from the outset with a visually stunning repeat of his prologue, utilising imagery from the whole film and conveying the entire storyline in under a minute. Contrary to what you may think, this in fact draws the viewer into the film. The imagery used in the prologue directly links to and supports the words in the scripted opening, and translates them into the modern context. Two houses, both alike in dignity is represented by two giant skyscrapers either side of a road, one bearing a huge sign saying Capulet, the other Montague. As Romeo, Dicaprio shows the full depth of his acting ability. From lovelorn-Did my heart love til now? to murderous Either thou or I or both must go with him and back down again through all the levels of shock, anxiety, and of course suicidal. Clare Danes gives a beautiful portrayal of young innocent Juliet. Her facial expressions are convincing and manage to wordlessly express every feeling perfectly. Her lines are also delivered with huge compassion and emotion. Danes along with Dicaprio shows a huge variety in her performance, keeping a wide audience interested in a script labelled by many as boring. This is not the first time modern directors have messed around with the star crossd lovers. Most notably Bernsteins all singing all dancing West Side Story, but also China Girls and-more loosely- Romeo Must Die. However, this is the first modern adaptation to stick with Shakespeares script. Lehrmann has obviously had to make cuts in the text for the sake of the length of the film, but the dialogue he leaves in is fantastically effective. This spunked up version a timeless classic engrosses a viewer of any age from the outset, and keeps its grip almost complete through to hugely moving finale. Even staunch traditionalists must see that dragging this dusty play kicking and screaming in to a twentieth century riddled with guns, drugs, and rock n roll has revived it in a way no amount of Lawrence Olivier ever could.
Tuesday, August 20, 2019
Corporate Governance Disclosures in Emerging Capital Markets
Corporate Governance Disclosures in Emerging Capital Markets THE CASE OF GHANA CHAPTER 1 1.1 INTRODUCTION Corporate governance has dominated the policy agenda in developed market economies since the mid 1990s. The spate of corporate failures and massive government bailouts that have characterised the current global recession has led to an upsurge in the call for tighter regulation of capital markets and more stringent corporate governance. What has become clear from the current global capital markets meltdown is that, as capital markets develop, so too does the complexity of transactions and organisational structures, and the span of inter-dependencies among the various players in the market which extend beyond the boundaries of nations and continents. It is imperative for the stability of the global economy that there is adequate and effective regulation of the various capital markets and that the managers of major companies be held accountable for complying with these regulations and adhering to the principles of good corporate governance. In order for corporate manager to be held accountable for their compliance with regulations and good governance, they must make relevant disclosures in their companies annual reports. Corporate Governance and Emerging Capital Markets The recent international financial scandals have generated increased interest in corporate governance as a means of mitigating financial problems in developing economies (Tsamenyi et al. 2007, Reed 2002, Ahunwan 2002). These problems include weak and illiquid stock markets, economic uncertainties, weak legal controls and investor protection, and frequent government intervention. Developing economies also suffer from poor corporate performance and high concentration of company ownership (Tsamenyi et al. 2007, Ahunwan 2002). They usually suffer from state ownership of companies, weak legal and judiciary systems, weak institutions, limited human resources capabilities, and closed/family companies (Mensah 2002, Young et al. 2008). Reed (2002) noted that, globalization, international trade, and international investment practices call for the development of corporate governance in developing nations. Corporate governance is mechanism for ensuring corporate management acts in the best interest of a companys stakeholders (John Senbet, 1998). If capital markets in developing economies such as Ghana are to become fully established and grow, effective corporate governance regulations need to be developed and implemented. Such regulatory structures should not only be adequate to protect the interests of shareholders but also to assist in boosting the confidence of prospective investors and other stakeholders in corporate activities (Cadbury, 1992). Emerging Capital Markets (ECMs) are an integral part of the global capital market. According to the International Finance Corporation (IFC, 1996), EMCs can be viewed as any market in a developing economy that has the potential for development (IFC, 1996). Such markets compete for investment funds with well developed capital markets and therefore need to put in place appropriate measures to attract business activities. The adoption of effective corporate governance is one such measure. Gompers et al. (2003) assert that, good corporate governance increases company valuations and boosts the bottom line. Along similar lines, Claessens et al. (2002) maintain that sound corporate governance frameworks benefit companies through increased access to financing, lower cost of capital, better performance and more favourable treatment of all stakeholders. Corporate transparency and full-disclosure of information are core attributes of the corporate governance mechanism (OECD, 1999) and are regarded as an extremely important factor in the quality of corporate governance. Further, Beeks and Brown (2006)contend that firms with more effective corporate governance make more informative disclosures. Although corporate governance systems differ across countries, with the development of Codes of Best Practice around the world, there is gradual convergence of corporate governance practices toward global standards (Hopt 1997). Ghana is an example of an emerging economy which is increasingly embracing the concept of good corporate governance and requiring companies to report on their corporate governance practices. Attempts being made in Ghana to promote effective corporate governance include the formation of the Institute of Directors in 2001 and the development of National Accounting Standards. Additionally, the Ghana Securities and Exchange Commission (GSEC) has developed a Corporate Governance Code of Best Practice against which companies can benchmark their practices. Other regulatory requirements which govern corporate conduct include provisions in the Companies Code 1963 (Act 179), the Securities Industry Law 1993 (PNDCL 333) and the Membership and Listing Regulations of the Ghana Stock Exchange. Notwithstanding all of the above measures which are designed to secure good corporate governance by public listed companies in Ghana, the general level of compliance with the requirements is, and has always been, low. A study by Tsamenyi et al. (2007), which investigated corporate governance disclosures by applying a disclosure index to the 2006 annual reports of 22 listed companies in Ghana, found that the extent and quality of corporate governance disclosures were minimal. Many studies have been examined on corporate governance disclosures based on the examination of the content and scope of annual reports information by establishing corporate disclosure indexes (see Meek et al. 1995, Coy and Dixon, 2003). This study is concerned with the information disclosed mostly in the annual reports. Information in the annual report consists of qualitative and quantitative data. The quantitative data is both financial and non-financial. Moreover, many annual reports contain illustrations, diagrams and graphical presentations. 1.2 RESEARCH AIM AND OBJECTIVES Following from the above discussion, the overall aim of this study is to make recommendations designed to improve the extent and quality of corporate governance disclosures by public listed companies in Ghana. In order to achieve this aim the research has the following objectives: to determine the current corporate governance disclosure requirements of listed companies in Ghana; to compare Ghanaian disclosure requirements with those applying to UK listed companies; to examine the corporate governance disclosures made by a Ghanaian listed companies in their 2008 annual reports; to identify the differences (if any) in the corporate governance disclosures made by the listed companies in Ghana studied and the corporate governance disclosure requirements; to ascertain the reasons for the failure by listed companies in Ghana to fully comply with the corporate governance disclosure requirements; to make recommendations on how the quantity and quality of corporate governance disclosures by listed companies in Ghana might be improved. 1.3 METHODOLOGY In order to achieve the research objectives the following methods have been used. Literature review: Relevant articles in academic and professional journals have been reviewed in order to establish the extent to which corporate governance disclosure requirements exist and are adhered to in various ECMs. Keywords such as corporate governance, disclosures, ECMs, and Ghana input into databases such as Emerald, JSTOR, SSRN, and Google to search for relevant articles. Document study:Statutory and regulatory documents have been examined to ascertain the existing corporate governance disclosure requirements in Ghana. In addition, the annual reports of a sample of 25 listed companies in Ghana for the year 2008 have been studied to determine the extent and quality of their corporate governance disclosures. Disclosure Index:A corporate governance disclosure index has been and applied to the 2008 annual reports of 25 listed companies in Ghana. The index is has been constructed to include the key corporate governance requirements that apply to listed companies in Ghana. Semi-structured interviews: Six semi-structured interviews were conducted in order to ascertain the reasons for differences in the corporate governance disclosures made by, and required of, listed companies in Ghana. The interviewees were two finance executives of listed companies, two senior audit partners from the Big Four auditing firms and one representative from each of the Ghana Stock Exchange and the GSEC. 1.4 IMPORTANCE AND LIMITATIONS OF THE STUDY Prior studies such as those of Tsamenyi, et al 2007 and ROSC 2005, which have examined aspects of corporate governance in ECMs and, in particular, Ghana have revealed that corporate governance as a policy and regulatory issue is gaining ground but the level of corporate governance disclosure is low. This study, by establishing the current extent (and quality) of corporate governance disclosures in Ghana, identifying deviations from the corporate governance disclosure requirements, and making recommendations on how corporate governance disclosure practices may be improved, will help to bring about improvements in the corporate governance disclosures by listed companies in Ghana However, the study has a number of limitations. These include the following: The study has focused only on a limited sample of 25 out of the 36 listed companies on the GSE. As a consequence the result may not be representative of all listed companies (or indeed, other companies) in Ghana. The study will be based on one years corporate governance disclosures and these may not be representative of corporate governance disclosures made in other years. Research which incorporates a longitudinal study may be necessary to demonstrate the development of corporate governance disclosures in Ghana. The semi-structured interviews were conducted with a small sample of interviewees and the opinions expressed may be influenced by their personal ideologies and the extent of their experience with listed companies in Ghana. 1.5 ORGANISATION OF THIS RESEARCH REPORT This research report has six (6) chapters as follows, Chapter 1: Introduction: In this chapter the background to the study is explained, and its aims and objectives are specified. The research methods used for the study are outlined and consideration is also given to the contributions and limitations of the research project. Chapter 2: corporate governance requirements in Ghana: This chapter provides background information on the corporate environment in Ghana and sets out the corporate governance requirements. Chapter 3: Literature review: This chapter provides a definition of corporate governance and examines the importance of, and the principles underpinning, corporate governance. It also reviews prior research which has examined corporate governance disclosures and more particularly, those which have investigated corporate governance disclosure in ECMs. Chapter 4: Methodology.This chapter explain the development and application of the of disclosure index used to examine the quantity and quality of corporate governance disclosures in the 2008 annual reports of a sample of listed companies in Ghana. It also describes the methodology adopted for the semi-structured interviews conducted with six interviewees from selected institutions in Ghana. In addition it explains the means by which the data have been analysed and reported. Chapter 5: Research findings. The results of the analysis of selected companies annual reports and the semi-structured interviews are reported and examined in the light of the exact literature. Chapter 6: Conclusions and Recommendations.This chapter provides a brief summary of the research project and its findings. Conclusions are drawn from the research findings and recommendations made on ways in which corporate governance disclosures by listed companies in Ghana might be improved. CHAPTER 2 CORPORATE GOVERNANCE REQUIREMENTS IN GHANA 2.1 INTRODUCTION This chapter provides background information on Ghana, its political and economic environment and its corporate profile. It also explains the legal and regulatory framework and the corporate governance requirements which apply to listed companies in Ghana. 2.2 COUNTRY PROFILE Ghana is a Sub-Saharan African country with a total land area of about 238,538 square kilometres/92,100 square miles and a population in 2007, of 23.5 million (Bureau of African Affairs, 2008). Ghanas population is concentrated along the coast in the principal cities (Bureau of African Affairs, 2008). Ethnically, Ghana is divided into smaller groups, each of which has a different language or dialect, however, the official language is English, which is a legacy of British colonial rule (Sarpong, 1999). 2.3 POLITICAL AND ECONOMIC ENVIRONMENT IN GHANA For more than century, Ghana was under British colonial rule. She attained independence on 6th March 1957 and became a republic in July 1960. After independence, Ghana alternated between civilian and military rule. After a series of coup detats (Sarpong, 1999), in January 1993, the country returned to democratic rule under the National Democratic Congress (NDC). After 8 years (in 2001) power switched to the New Patriotic Party (NPP) but in January 2009, following the election, the NPP handed over power to the NDC. The economy of Ghana is dominated by agriculture, mining and forestry agriculture. Agriculture accounts for about 37.5% of GDP (GOG, 2008), and the largest foreign exchange earners for the country are cocoa, gold and coffee (BBC, 2009). In 2007, the countrys GDP was $15.2 billion. As at the first quarter of March 2009, the inflation rate of Ghana was 20.53 % (GOG, 2009). Ghana is a member of United Nations (UN), the British commonwealth, African Union (AU), International Monetary Fund, African Development Bank (ADB), the World Bank Group and the Economic Community of West African States (ECOWAS). 2.4 GHANA STOCK EXCHANGE AND LISTED COMPANIES OWNERSHIP STRUCTURE The Ghana Stock Exchange (GSE) was incorporated in July 1989. It was recognised as an authorized Stock Exchange under the Stock Exchange Act of 1971 (Act 384) in October 1990, and trading on the floor of the Exchange commenced in November the same year. In April 1994, it became a public company limited by guarantee (GSE 2009). The exchange is regulated by the GSE Membership Regulations L.I. 1510, Listing Regulations L.I 1509 and Trading and Settlement Regulations, and is organized as a body corporate under the supervision of the Securities Exchange Commission that falls under the Ministry of Finance. The Exchange is governed by a council which includes representation from licensed dealing members, listed companies, banks, insurance companies, and the general public. The functions of the Council include preventing fraud and malpractice, maintaining good order among members, regulating stock market business and granting listings. The GSE currently has 36 listed companies with a market capitalization as at 31 March 2009, of GH18,041.20m, equivalent to US$13,073.33m (GSE 2009). The manufacturing and banking sectors currently dominate the Exchange, while other listed companies fall into the insurance, mining, transport, food, publication, pharmaceuticals and petroleum sectors. Most of the listed companies on the GSE are Ghanaian (three being listed family-controlled companies) but there are five multinationals. Until 2006, individual foreign investors, who were first allowed to participate on the Exchange in 1993, were not permitted, without approval, to hold more than 10% of a listed companys shares and the total foreign investments in any company could not exceed 74% of the companys shares. These limits were removed by the Foreign Exchange Act of 2006 (Act 723) and non-resident investors can now invest in the market without limit or prior exchange control approval. Dividend income is taxed at 8%, while Capital gains on listed securities are exempt from tax until November 2010 (GES 2009). 2.5 CORPORATE GOVERNANCE REQUIREMENTS IN GHANA Over the recent years, notions of corporate governance has been gaining roots in Ghana in response to initiatives by some stakeholders such as the Ghana Institute of Directors (IoD-Ghana), Private Enterprise Foundation (PEF), State Enterprises Commission, the Institute of Economic Affairs, and the Ghana Centre for Democratic Development (Ocran 2001; Mensah et. al 2002). The IoD-Ghana strives to improve corporate governance practices and strengthen companies boards of directors. It has, for example, hosted international and national conferences, run competitions to increase awareness of corporate governance issues and developed manuals and procedures to help implement good corporate governance practices (Mensah et. al 2002). Notwithstanding the above developments, formal corporate governance structures and institutions are not widespread although a number of laws provide for governance structures for companies in Ghana. These laws include: The Ghana Companies Code 1963 (Act 179), The Securities Industry Law, 1993 (PNDCL 333) as amended by the Securities Industry (Amendment) Act 2000, (Act 590), and the Listing Regulations of the Ghana Stock Exchange, 1990 (L.I. 1509) (K-Coleman and Biekpe 2008) 2.5 .1 LEGAL REQUIREMENTS The Companies Code 1963 (Act 179), which is based substantially on the UKs Companies Act 1948, provides for governance mechanisms of all companies incorporated in Ghana (NEPAD 2005). It provides governance of ministration such as requirements to have directors, appointment and removal of directors, remuneration of directors, directors reports, and audited financial statements. It also provides for various mechanisms for shareholders to enforce their rights, such as rights to annual general meeting, equal treatments of shareholders. The Securities Industry Law 1993 (PNDCL 333), as amended by the Securities Industry (Amendment) Act 2000 (Act 590) and Exchange Commission Regulations (2003), provides for, among other things, the governance mechanism of all stock exchanges, investment advisors, securities dealers, issues concerning accounts and audits and collective investment schemes licensed under the Securities and Exchange Commission (SEC 2003). The Securities and Exchange Commission, overseeing the disclosure of material information to the investing public by companies, including securities listed on the Ghana Stock Exchange. Regulatory Frameworks for Boards of Directors The Companies Code describes directors as person who is appointed to direct and administer the business of the company, and stipulates that each company must appoint a minimum of two directors for a company. However, the Code allows companies to fix the maximum number of directors in their Regulations. Section 181 of the Companies Code provides that directors are to be appointed through the individual votes of shareholders at a general meeting of the company. However, this frequently means that the directors are approved by the controlling shareholders. There is no requirement under the Companies Code for the appointment of independent directors but this is required under the Securities and Exchange Commissions Code of Best Practices on Corporate Governance (SEC Code) for the GSE. In the exercise of their duties, the directors are required to act at all times in what they believe to be the best interests of the company as a whole so as to preserve its assets, further its business, promote the purposes for which it was formed, and to do so in such manner as a faithful, diligent, careful, and ordinarily skilled director would act in the circumstances. The Code makes provision for the appointment of executive directors by allowing directors to hold any other office or place of profit in the company, other than office of auditor. The directors remuneration is to be reasonably related to the value of services provided and is to and shall be determined from time to time by ordinary resolutions of the company The Companies Code enjoins directors to, at least once annually (at intervals of not more than 15 months), to prepare and send to each shareholder the directors report, which show the state of the companys affairs with any change during the financial year in the nature of the business of the company. The report is approved by the board of directors and signed on behave of the two directors. Regulatory Framework for Shareholder Rights The Companies Code 1963, the Securities Industry Law 1993 and the Regulations of the Ghana Stock Exchange provide the primary regulatory framework for the establishment and operations of companies that issue publicly traded securities. The Companies Code gives shareholders opportunities to participate and vote in general shareholder meetings or exercising rights through proxy for the appointment or removal of directors, access to timely and transparent company information concerning the date, location and agenda of general meetings and the right to petition against unfair prejudice. The Securities Industry Law and the GSE Listing Regulations ensure that the market for corporate control of listed companies functions in an efficient and transparent manner. It provides for example the organizing of shareholders meetings, proxy solicitation and voting by shareholders, disclosure of equity ownership, and allowable actions that shareholders may undertake against directors, including law suits, the removal of directors, and penalties for breaches of their fiduciary duty. Regulatory Framework for Accountability and Audit Under the Companies Code a companys, directors are responsible for keeping proper books of account and for the preparation of financial statements which provides a true and fair view of the company. Auditors are to be appointed by an ordinary resolution of shareholders, except that the directors may appoint the first auditor of the company and fill any casual vacancy in the office of an auditor. Auditors are expected to employ diligence, objectivity and independence in the discharge of their duties and functions. To ensure the auditors independence, the Code prohibits an officer of the company or any associated companies, partners of, or employees of an officer of the company from holding office as auditor. However, the Code permits auditors, in addition to their statutory duties to shareholders as auditors, to provide other services to the company such as, advising on accounting, costing taxation, rising of finance and other matters. This provides a ground for a conflict of interest which may impair the auditors independent. An auditor may be removed from office by an ordinary resolution of shareholders at an annual general meeting after 35 days notice and is allowed to speak to this at this meeting in response to his intended removal. No provisions exist under the Companies Code limiting the term of office of auditors. The GSE Listing Regulations recognize the need for audit sub-committee which should be composed of non-executive directors. The GSE Listing Regulations also prescribe the audit committees duties such as; making recommendations to the board concerning the appointment and remuneration of external auditors; reviewing the auditors evaluation of the system of internal control and accounting. The Companies Code, the Securities Industry Law and the GSE Listing Regulations requires all companies to provide shareholders with audited financial statements prepared in accordance with the Ghana National Accounting Standards issued by the Institute of Chartered Accountants (Ghana) at close of their financial year to its shareholders. 2.5.2 LISTING REQUIREMENTS AND GOVERNANCE GUIDANCE BY CODE OF BEST PRACTICES In December 2003, the Ghana Securities and Exchange Commission (SEC) issued corporate governance principles for listed companies entitledCode of Best Practices on Corporate Governance. This code is based on the OECD Principles of Corporate Governance (SEC 2003). Consistent with the United Kingdom, the code is not mandatory. While these provisions are not binding, the SEC encourages compliance with the Code and requires listed companies to include a statement in their annual report disclosing the extent of compliance with these guidelines. The Code set out principles for the equitable treatment of all shareholders, disclosure and transparency and responsibility of the board of directors. As require by best practice. There should be formal and transparent procedures for appointments to the board. Also there should be separation between the roles of CEO and Board Chairman responsibilities unless there are specific reasons militating against such separation. In the case where two offices are combined the Code required companies to explain to shareholders and the board must enact procedures that ensure the independence of the board as a whole and their respective responsibilities should be defined. There should be a balance of executive and nonexecutive directors with the complement of independent non-executive directors being at least a third of the total membership of the board and in any event, not less than two. 2.6 ANALYSIS OF CORPORATE GOVERNANCE DISCLOSURES IN GHANA IN COMPARISON WITH THE UNITED KINGDOM The provisions of the code are set in Table 1. Further, so that the provisions applying in Ghana may be evaluated in the light of well established Code of Corporate Governance, the provisions of the UKs Combine Code of Governance (Financial Reporting Council, 2008) are also presented. B.2 ProceduresThere should be a formal and transparent procedure for developing policy on executive remuneration. Members of the committee should exclude themselves from deliberations concerning their own remuneration.There should be a formal and transparent procedure for developing policy on executive remuneration and for fixing the remuneration packages of individual directors. No director should be involved in deciding his or her own remunerationC.2 Internal ControlThe board is responsible for ensuring that appropriate systems of internal control are in place for monitoring risk, adherence to financial governance measures and compliance with the law.The board should maintain a sound system of internal control to safeguard shareholders investment and the companys assets GHANA UK A. Directors A.1 The Board Every company should be headed by an effective board, which is collectively responsible for the success of the company A.2 Chairman and Chief Executive There should ideally be a separation between the role of Board Chairman and CEO unless there are specific reasons which militate against such separation. There should be a separation between the roles of CEO and Board Chairman A.3 Board Balance and Independence The board should include a balance of executive and non-executive directors with the complement of independent non-executive directors being at least one third of the total membership of the board and in any event not less than two. The board should include a balance of executive and non-executive directors (and in particular independent non-executive directors) such that no individual or small group of individuals can dominate the boards decision taking A.4 Appointments of Board Appointments to the board should be formal and transparent selection process should be based on merit. There is no nomination committee There should be a formal, rigorous and transparent procedure for the appointment of new directors to the board. There should be a nomination committee which should lead the process for board appointments and make recommendations to the board A.5 Information and Personal Development The board should have unrestricted access to all company information, records and documents. All directors enjoy the right to retain outside professional experts for counsel The board should be supplied in a timely manner with information in a form and of a quality appropriate to enable it to discharge its duties. All directors should receive induction on joining the board and should regularly update and refresh their skills and knowledge A.6 Performance Evaluation The board should annual review their own performance and that of the various committees The board should undertake a formal and rigorous annual evaluation of its own performance and that of its committees and individual directors. A.7 Re- Election All directors should submit themselves for re-election at regular intervals and at least once in every three years of its committees and individual directors. A.7 Re- Election All directors should submit themselves for re-election at regular intervals and at least once in every three years All directors should be submitted for re-election at regular intervals, subject to continued satisfactory performance B. Directors Remuneration B.1 Directors Remuneration The levels of remuneration in corporate bodies should be competitive, should focus on retaining management and be linked to corporate and individual performance. Every corporate body should establish a remuneration committee. The remuneration committee should comprise of a majority of non-executive directors. Does not give number of directors Levels of remuneration should be sufficient to attract, retain and motivate directors of the quality required to run the company successfully, but a company should avoid paying more than is necessary for this purpose. A significant proportion of executive directors remuneration should be structured so as to link rewards to corporate and individual performance. The board should establish a remuneration committee of at least three independent non executive directors. C. Accountability and Audit C.1 Financial Reporting The board is responsible for ensuring that a balanced and understandable assessment is given of the financial and operating results of the corporate body in the financial statements. The board should present a balanced and understandable assessment of the companys position and prospects C.3 Audit Committee and Auditors The board should establish an audit committee. The audit committee should comprise at least three directors, the majority of whom should be non-executive The board should establish an audit committee of at least three independent non-executive directors D. Relationship with shareholders D.1 Dialogue with institutional shareholders There should be a dialogue with shareholders based on the mutual understanding of objectives. The board as a whole has res
World Trade Organisation Essay -- essays papers
World Trade Organisation The official World Trade Organisation web site, defines the WTO as ââ¬Å"the only global international organisation dealing with the rules of trade between nations . . . [through] helping producers of goods and services, exporters, and importers (to) conduct their businessâ⬠1. It was formed in 1995 after growing out of and extending the institution of the General Agreement on Tariffs and Trade. As of the thirtieth of November 2000, the WTO has 140 member-countries, over three-quarters of which are developing or least-developed countries. As the WTO implies, its current role is to serve as the lubrication for the joints in the engine of globalisation; although just how effective and fair this lubrication may be, is still a point of great contention. The WTO preaches that its purpose and effect are to ââ¬Å"improve the welfare of the people of the member countriesâ⬠2, and it claims that this is achieved by administering trade agreements, and monitoring and handling trade disputes. This essay will test the truth in this statement, of whether or not the actions taken by the WTO have failed to further enhance the welfare of the people of its member countries, and if so, whether the WTO therefore needs to be either reformed or even abolished. The criteria by which I will assess this truth, takes into account the three major arguments that are held against the WTO, with regard to its affect on the welfare of the people of its member countries. One of these arguments is that the international rules the WTO authors, consistently favour multinational corporations at the expense of workers and small farmers. Another argument is that by removing trade barriers as the WTO seeks to achieve, jobs are ââ¬Ëexportedââ¬â¢ to lower labour cost countries where the standards to which the labourers are subjected, are below what is internationally accepted. The final main argument against the WTOââ¬â¢s aims that is raised, is that if countries cannot make their industries globally competitive, they will experience a decline in their peopleââ¬â¢s standards of living. Judging the results of these arguments, will allow me to decide whether or not the WTO is in need of reform, abolishment, or if it should continue without alt eration. The basic premise of the WTO is to open up trade between nations, and one of its potential disadvantages is that its opera... ...) ââ¬Å"Slow out of the blocsâ⬠The Australian February 1 p.28. Mitchell, A. (2001) ââ¬Å"Let community have its sayâ⬠The Australian Financial Review March 7 p.6. Steketee, M. (2000) ââ¬Å"Unhappy days are here againâ⬠The Australian June 17 p.4. The Australian (2000) ââ¬Å"Fabric of the fair go ripped to shredsâ⬠June 17 p.4. Internet: Ebeling, R. (2000) Free Trade Versus Protectionism [ON-LINE] http://www.freerepublic.com/forum/a3950b6be763d.htm S-11 Online (2001) Frequently Asked Questions: FAQ [ON-LINE] http://www.s11.org/s14/s11.html Sirico, R. (2000) Free Trade and Human Rights: The Moral Case For Engagement [ON-LINE] http://www.freerepublic.com/forum/a392420130b93.htm Wills, J. (2000) Multinationals and the Poverty Trap [ON-LINE] http://www.unfairtrade.co.uk/pov/articles.shtml WTO Online(1) (1999) 10 Benefits of the WTO Trading System [ON-LINE] http://www.wto.org/english/thewto_e/whatis_e/10ben_e/10b03_e.htm WTO Online(2) (1999) 10 Benefits of the WTO Trading System [ON-LINE] http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact1_e.htm WTO Online(3) (1999) What is the WTO? [ON-LINE] http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm
Monday, August 19, 2019
The Relationship Between Katherine and Bianca in The Taming of the Shre
The Relationship Between Katherine and Bianca in The Taming of the Shrew à à William Shakespeare is considered the greatest playwright of all time.à His gift for developing characters is one major aspect that accounts for this lofty acknowledgement.à Shakespeare created various characters from drunks and fools to kings and generals.à The characters are so human and so real that the audience can see aspects of their own personalities represented on stage for better or worse.à Inadvertently, Shakespeare's ability to characterize any type of person demonstrates his holistic education and knowledge of everything from military strategy and open sea sailing to music and religion.à As a result of Shakespeare's true-to-life characters, the relationship between Katherine and Bianca in The Taming of the Shrew is completely realistic, reflective of every aspect of the ever-present phenomenon of sibling rivalry.à à Some people believe that sibling rivalry is nothing more than a series of petty disputes between hyperactive adolescents, a childhood trauma that most people outgrow. However, sibling rivalry also encompasses much more serious cases, like the permanent enmity between adult siblings. This phenomenon was studied extensively in the nineteenth century, when Charles Darwin presented his theory of evolution.à At that time, he said that one of the major causes of sibling rivalry is natural, and it occurs in nature when the competition is usually for food.à Specifically, whenever two individuals that consume the same type of food co-exist in the same area, they fight with each other until one of them manages to kill or drive the other out, leaving the winner with the exclusive use of the food resources a... ...es and further contributing to Shakespeare's reputation as the greatest dramatist and finest poet that the world has ever known. à Works cited: à Barton, Ann.à "The Taming of the Shrew." The Riverside Shakespeare 2nd ed. Ed. Dean Johnson et al. Boston: Houghton Mifflin, 1997.à 138-141. à Daniel, David. "Shakespeare and the Role of Women." The Cambridge Companion to Shakespeare Studies.à Ed. Stanley Wells. Cambridge:à Cambridge UP, 1987. à Darwin, Charles.à Descent of Man.à New York: Prometheus Books, December 1997. à Fox, Levi, ed.à The Shakespeare Handbook. Boston:à G.K. Hall & Co., 1987. à Newman, Joan.à "Conflict and Friendship in Sibling Relationships: A Review."à Child Study Journal, 1994: 119-143. à Shakespeare, William.à The Taming of the Shrew.à New York: Simon and Schuster Trade, April 1991.
Sunday, August 18, 2019
Superstitious :: Free Essay Writer
Superstitious R.L. Stine who is one of Americaââ¬â¢s best-selling authors and the devilish creator of the Fear Street and Goosebumps series of horror stories for kids. Stine is who wrote the book I read, but he came back with a book for the older generation. All of Stines ideas in his books are suggested from real life. Most of his ideas came from his imagination and his memory. He now lives in New York City with his wife Jane, and teenage son, Matthew. The story took place on a small Pennsylvania College campus. Numerous of murders had taken place. Every murder was much more gruesome than the first. The detectives didn't know what had happened. The victims looked like an out of control animal rather than a human killed them. One of the main characters in this was Sara Morgan. She had just moved to Pennsylvania or school. Everything was going just fine until she met a professor named Liam O'Connor; he was another main character. Liam had a dashing romantic figure with a Irish accent, good looks, sweet charm, and a host of Old World superstitious-all of which dazzled Sara. Plunging headlong into a sudden love affair, Sara barely had time to notice the horrible events taking place on the campus. Liam was extremely close to his sister Margaret. A little too close that is. Sara and Liam soon got married after a couple of dates. Everyone said it was strange, yet, too soon for him or her. But she claimed she was in love with him. She started receiving crank phone calls, warning her to stay away from Liam. Then she received two bloody rabbit feet in the mail saying " If youââ¬â¢re going to marry Liam, youââ¬â¢re gonna need all the luck you can get." That scared her to death. When she told Liam about it, he acted like he didnââ¬â¢t care. Instead he blew all up in her face because she left out the front door and came in through the back door. Lately his superstitions had been getting out of hand. And he had been getting real mad at Sara. On their wedding night they made love by the light of sixteen candles, which was one of his superstitions. They were going on, non-stop. Then he whispered in her ear that he wanted to impregnate her. She accepted the offer without really thinking.
Saturday, August 17, 2019
Japanese Medical Beliefs Essay
Japanese Medical Beliefs Medicine is all around us. It comes in all forms and all types of beliefs. Each person has their own beliefs on what medicine can do to or for the body. No matter what country one visits, there will be a medical office to assist, however their views may vary that what one may be use to. In Japan, things are no different; however, Japan has some beliefs that contrast other countries. The Japanese has received influence from other countries, such as the Chinese, but they have turned everything into their own. They have their own superstitions, traditional medicine (including how they view modern medical needs), and different types of current trends that they follow. Every country has its own superstitions. Certain things that are not allowed to happen on certain days or even certain things must be kept away because of its meanings. In 1998, an experiment was done to see if the Japanese was using the Taian-Butsumetsu superstition when discharging patients. The basis of the study was ââ¬Å"To determine the influence of superstition about Taian (a lucky day)-Butsumetsu (an unlucky day) on decision to leave hospital. To estimate the costs of the effect of this superstitionâ⬠(Hira, Fukui, Endoh, Rahman, & Maekawa, 1998). They took figures from patients discharged from Kyoto University Hospital from the beginning of April 1992 to the end of March of 1995, 3 years worth of patients. In the Japanese world, the Taian-Butsumetsu belief is related to the six day lunar calendar and affects the Japanese culture in a variety of ways since the Taian is suppose to be a lucky day where as the Butsumetsu is supposed to mean unlucky. Due to this superstition, some patients have asked to extend their stay so that they can be released on the following Taian day, which means more costs to the hospitals. To get the most accurate data, they used hospital records and calculated the amount of days that patients were released on each day of the six lunar cycle, and then estimated the costs that the extension brought on to the hospital. They also took into consideration the patients age and gender. The results showed that ââ¬Å"Of the 23677 patients discharged from the Kyoto University Hospital during the study period, 12613 (53. %) were female and 11064 (46. 7%) were male. The mean number of discharged patients was 21. 6 a day with the mean age 42. 3 years and the mean hospital stay 37. 1 days. The mean number, age, and hospital stay of discharged patients were highest on Taian and lowest on Butsumetsu. The Kruskal-Wallis test showed significant difference among the days of this cycle regarding the mean number, age, and hospital stay of discharged patientsâ⬠(Hira, Fukui, Endoh, Rahman, & Maekawa, 1998). Reports also showed that 3. 3% of the discharged patients adjusted their discharge date due to their belief in Taian. It goes on to state the estimation that the mean of a typical hospital charge was 12 600 yen a day. The extra charges the patients caused the hospital to incur in order to stay to the next Taian, amount to 7. 4 million yen a year all due to a superstition. If the patients would have shorted their stay to a prior Taian, there could have been a savings of roughly 12. 1 million yen. Another superstition for the Japanese is blood type. According to superstitions, your blood type can tell your temperament and personality. A man named Furukawa Takeji suggested a link between the two after working in a high school and observing the temperamental differences between applicants. His theory suggests that type A were generally mild tempered and intellectual, while blood types B were opposite (Thatcher). This superstition has influenced the Japanese so much that some companies have actually grouped their workforce together depending on their blood type. In the 1920ââ¬â¢s and 30ââ¬â¢s blood type grew more intriguing. Scientists in the west found that type B was common in Asia, but rare in Caucasians. As type B was typical in animals, they argued that Asians were inferior, lower on the evolutionary scale. Japan does have some forms of traditional medicine. They are required to have independent licensees for Kampo, acupuncture, moxibustion, and anma-massage-shiatsu. Kampo is only able to be performed by physicians with western medical doctorââ¬â¢s license. Acupuncture and moxibustion can be given by a person graduated from senior high school and later completed a 3 year education at one of the educational facilities specified. Acupuncture, moxibustion and anma are classified within the framework of the Japanese medical care system (Katai). Of these, Kampo seems to be the most widely used in Japan. Kampo medicine is widely practiced and is fully included into their modern healthcare system. The word Kampo means Han Method, which refers to Chinaââ¬â¢s herbal system which developed in the Han dynasty. It was used in ancient China but is believed that Kampo came to Japan from Korea in the 5th or 6th century. In 1976, it was added to Japans national health insurance plan. Although it relies on herb formulas, it uses acupuncture, moxibustion and a few other components. 70 percent of physicians in Japan regularly prescribe it to their patients (Tanaka, 2010). It has been used by gynecologists, urologists, cardiologists and even gastrointestinal specialists. In order to determine the right formula for each patient, they require a sho. This is a diagnosis based on patientââ¬â¢s symptoms and patterns of disease. In 2007 Japanââ¬â¢s Society of Oriental Medicine issued an evidence report which shows all the findings of the research published from 1999-2005. 8 papers were deemed qualified. Some double blind showings were, ââ¬Å"Hypertension related symptoms (flashed faces, etc. ): The administration of Ourengedokuto (Huang Lian Jie Du Tang) decreased hypertension related symptoms (Muli-center study of 116 facilities) Upper Gastric Symptoms: Rikkunshito (Liu Jun Zi Tang) was effective in decreasing upper GI discomfort and related complaints, such as a l ack of appetite. Irritable Bowel Syndrome: Administration of Keishikashakuyakuto (Gui Zhi Jia Shao Yao Tang) decreased abdominal pain among IBS patients. The effects were more pronounced among diarrhoea-dominant IBS cases. Muscle Cramping: Shakuyakukanzouto (Shao Yao Gan Cao Tang) was effective for reducing muscle cramping among cirrhosis patients. Obesity: 24 weeks of administering Bofutsuseisan (Fang Feng Tong Sheng San) decreased visceral fats and waist circle, as well as improved insulin resistance among obese female patients. Allergic Rhinitis: Shouseiryuto (Xiao Qing Long Tang) was effective in improving symptoms of allergic rhinitisâ⬠(Tanka, 2010). Another form of traditional medicine is Acupuncture and Shiatsu massage. Acupuncture is where extremely thin needles are gently placed in certain areas of your body. It can be uses to help balance the flow of energy through pathways in the body or can be used to stimulate nerves, muscles and tissue. It can be a more natural way of making the body feel better, without medication. Shiatsu is a massage that is used to relax people. The massage therapist uses hand, thumbs, elbows and knees to help dig into the more ââ¬Å"knottedâ⬠areas of the body. It is an acupressure therapy. By using these additional parts of the body, they can use their whole body to endure more pressure onto the person in order to offset tension. The difference between acupuncture and acupressure is that acupuncture uses needles, where as acupressure uses body part to dig into the tissue. Some people do not truly understand the alternative ways. ââ¬Å"The biggest misconception about alternative medicine is that itââ¬â¢s just a different procedureââ¬âthat one can just replace it with conventional medicine, like taking an herb instead of a pill. â⬠(Gray 2009). The Japanese also has strong views on medical beliefs. Things such as organ transplants are strongly discouraged due to Japans belief. In 1987, the Medical Association declared brain death to be equivalent to the death of a human being (Masahiro, 1995). Some Japanese doctors practice ââ¬Å"closed-door medicineâ⬠, which is where the doctor fails to properly inform patients about their condition or straight out lies to them about it. A study in 1992 showed that only 20% of terminal cancer patients knew they had cancer because of the doctorââ¬â¢s decision to inform them on the truth. This shows that 80% of patients were lied to or told nothing. Masahiro, 1995) Due to this, Through the brain death controversy quite a few people expressed great fear that in the process of the determination of brain death and transplantation no information might be given to family members, and in the worst case that the doctors might lie to family members. Some pointed out the possibility that doctors might psychologically threaten the family members if they refuse to agree to organ donations from a brain-dead relative. As time passed, it appeared that Japan accepted modern technology in almost every form except human birth and death. Research has shown that they believed a dead person goes to the next world as a soul. If parts of that body were to be donated, then body as a whole would not be together, thus making the soul unhappy in the next world. The Japanese has however become more willing to use terms such as ââ¬Å"informed consentâ⬠or ââ¬Å"patients rightsâ⬠. It appears as if Japans beliefs will simply be based off of their own cultural beliefs, as oppose to something such as the Euro-American beliefs. Due to the fast paced living in Japan, they have begun trends to help ease the stressed out society and bring forth relaxation. They have opened oxygen bars, nap salons and animal therapy. In oxygen bars, you can have personal flavored oxygen cans that can help bring you energy and provide fresh air. You can also purchase them at salons and beauty halls. The canisters, such as Big Oxââ¬â¢s helpfully informs that ââ¬Å"oxygen is an essential gas for human beingsâ⬠and claims that its 89 per cent oxygen blend (normal air contains about 21 per cent) can help boost energy, particularly during exercise (Feelgood, 2008). In recent years, major cities in Japan have opened nap salons. A particular salon in Tokyo, Napia has over 1,500 members. Fatigued office workers can take a brief lunchtime nap on a daybed there for roughly equivalent of $4. 50 (US). Sleep studies have shown that their naps should not go beyond 30 minutes because it is then more likely for them to fall into a deep sleep and end up waking up feeling extremely groggy. To help ensure that customers do not sleep beyond 30 minutes, they provide customers with coffee right before their nap. Since it generally take 20 minutes for the caffeine to kick in, they can get a quick nap in, then the caffeine will kick in and allow the person to have a more natural wake up (Faiola, 2006). Some Japanese companies have even gotten their health insurance providers to cover the fees for nap salons. If they have not succeeded in that route, they simply take naps at their desk during lunchtime. This way they are not only getting their nap in but the office lights are being turned off which is saving energy. In Japan, bathing in mineral waters is popular as a health-promotion practice. (Miller, 2007) Onsen, which is a hot spring, is in their belief to be opposite of everything in their normal crazy lifestyle. It represents an opportunity for the Japanese to melt down the hierarchical nature of society through mutual nakedness and intimacy (Onsen, 2006-7). It is pretty much a public bath with natural hot spring water for them to use in order to relax from their hectic work schedules. It is their belief that the water holds healing powers. There are a few different types of hot springs: Simple Springs, Carbonate Springs, Salt Springs, Sodium Sulfate Springs, Iron Springs, Acidic Springs, Sulfur Springs and Radium Hot Springs. Most people sit back quietly and enjoy the silence that surrounds them while bathing for roughly 20-30 minutes. The extremely acid hot spring Onsen water is believed to ease neuralgia, alleviate muscle pain and the symptoms of chronic skin disease. It also relieves chronic fatigue and stress. Since ancient times, Onsen water has been renowned to help maintain a beautiful skin. In addition to its other health and beauty benefits, the hot springs energize the metabolism. The Onsen experience is also known to calm nerves and put the bather in a relaxed, meditative stateâ⬠(Onsen, 2006-7) Unfortunately today there are only three hot spring resorts remaining. One is Kusatsu Thermal Spring which is in a small town roughly two and a half hours from Tokyo by train. It can either be visited for the day, or turned into a mini vacation. If only wanting to spend a day, you can visit one of 18 public hot springs in the town for a quick fix. Another location is Gero Thermal Spring. It is roughly three and a half hours from Tokyo by train to Nagoya, then about an hour and a half to Gifu, where Gero is located. Here, you can stay at one of the resorts or visit the public springs which allows you to test out three of the twenty. The final is Arima Onsen Thermal Spring. This final spring is roughly three hours from Tokyo then another 30 minutes to Kobe, where Arima is located. This spa is the oldest spa known to the country. Here, there is a public theme park which holds 17 hot springs. Another trend is fish pedicures. At some Onsen Springs, there are spas where you can dip you feet into the water and have these fish eat the dead skin off your feet. Although they are considered ââ¬Å"flesh eatingâ⬠they actually have no teeth, meaning that you will not get bitten. They basically suck the dead skin and cells off, leaving your skin silky smooth. No matter what country you look at, each will have its own beliefs on medicine. Some are traditional and some may by alternative. Japan is widely known for having a mixture of each. While receiving influence from other countries, Japan has incorporated other medical approaches into their own. They have their own superstitions, traditional medicine (including how they view modern medical needs), and different types of current trends that they follow.
Friday, August 16, 2019
What is a school and what is it for?
1. Distinguish between education and schooling. Answer: Education is a process of human growth by which one gains greater understanding and control over oneself and oneââ¬â¢s world. It involves our minds, our bodies, and our relations with the people and the world around us. Education is also characterized by continuous development and change. The end product of the process of education is learning. Schooling is a specific, formalized process, usually focused on the young, and whose general pattern traditionally has varied little from one setting to the next. Describe how school function as transmitter and re-creators of culture. Answer: Teachers design the classroom so that the Americans and Hispanic cultures are honored and children learn to operate effectively in both languages. American cultures have always embraced many cultures. Nevertheless a primary responsibility of the school is to assist foreign born students in the acquisition. 3. Describe how schools can operate as vehicle for social, democratic, and economic reconstruction. Answer: Social deconstructionists ââ¬â proponent of the theory of education that schools and teachers need to engage in the reconstructing and reforming of society to eradicate its ills and shortcomings. Economic reconstructionists- subscribers to an educational perspective or motivational that focuses on developing students who take critical stances toward the dominant social and economic status quo. 4. Identify the four basic purpose of school. A. Intellectual purpose- promote academic learning, B. Political and civic- purposes help the students to learn how to govern themselves wisely and justly. C. Economic purpose ââ¬â schools will prepare students for the future. D. Social purpose- adapt to social expectations. 5. Explain why students in elementary classrooms learn to deny desire, delay gratification, cope with interruptions and work through social distractions. Answer: because they are surrounded by so many other students who want the same thing they want. 6. Describe the range of educational experiences for middle-grade students, based on the grade configuration of the school, the size of the school, the administrationââ¬â¢s and teacherââ¬â¢s orientations, the goals of the school and the staffing patterns. Answer: the goals that schools set for students influence middle-school education in other ways as well, including the curriculum offered and the instructional method used. It was found that classroom structure for students in the middle grades varied from completely self-contained classrooms, in which one teacher taught one from of students all major subject areas, to completely departmentalized schools in which each teacher specialized in a single subject area and taught several different classes of students. The middle schools showed a greater percentage of departmentalized staffing. Teachers also differed by the type of licensure held. Teachers with secondary licensure were more likely to be subject matter oriented, and middle-grade students were taught by subject matter experts showed higher level pf achievement. 7. Explain how the greater variety of choices secondary students have can result in different high school experiences, based on tracking, the courses in which they enroll, the feedback they receive from teachers, and the tacit agreement they make with their teachers, Answer: early adolescences are characterized by a variety of developmental needs and dramatic evaluation in the maturation rate. . Identify four areas suggested to improve the quality of high schools. A. pressure on the teacher B. influence on tracking C. classroom treaties D. specialty shops 9. List and explain some of the characteristics of schools that are effective with respect to academic. Answer: the teacherââ¬â¢s expectation ââ¬â high can do expectation Communication among te achers ââ¬â high degree of colleagueship Task orientation ââ¬â serious attitude Academic engaged time- keep students working Part II 1. Raise your hand before you speak 2. No chewing gum 3. No talking in class 4. Do your homework or they will contact your parents 5. If you are late for class you will have to go to the principal office. 6. The principal said it was okay for him to whoop me. ** I felt #6 was unfair because other people shall not be able to whoop you.
Thursday, August 15, 2019
Elevator Pitch
The concept of the Elevator Pitch is borne from the idea that if you met an investor on an elevator and only had 30 seconds to pitch your business, what would it sound like? In fact 30 seconds is about as much attention as you are going to get from an investor to begin with, so thinking in that time frame makes a lot of sense. The formula for the perfect Elevator Pitch involves three ingredients ââ¬â the Problem, the Solution, and the Market Size. The Problem Every great company starts by solving an important problem.The more accurately you articulate the Problem, the more valuable the Solution will be. Think about how NetFlix. com solved the problem of having to go to the video store in order to rent a movie. No one enjoyed having to travel back and forth to the video store for a rental, nor did they appreciate paying late fees (which we all have done, and hate! ) NetFlix solved the problem of never having to visit a video store to rent a movie and never having to pay late fees again. It was a real problem that everyone could identify with (much to the chagrin of Blockbuster! The Elevator Pitch has three main ingredients: The Problem, The Solution and The Market Size. With only the Problem in hand, our Elevator Pitch would start like this: ââ¬Å"Going to the video store is a pain. People don't like traveling back and forth just to rent a movie and they hate paying late fees even more. â⬠What's important about this explanation of the Problem is that everyone can relate to the problem. The more relate-able the problem, the more likely you are to get someone's attention to it.Think about ways to modify your ââ¬Å"Problemâ⬠so that anyone you meet could easily understand it. Itââ¬â¢s more important that the problem is relate-able than complicated. Now let's find a solution. The Solution Once you've articulated the Problem your next step is to think about how your Solution fixes that Problem beautifully. Sticking with our NetFlix example, hereâ â¬â¢s how we might articulate our Solution: ââ¬Å"NetFlix provides customers with a huge selection of movies that they can order right to their doorstep and never have to pay a single late fee for. Notice how the Solution ties directly back to the pain points of the problem, namely the fact that you don't have to leave your house and you don't have to pay late fees. A good Solution is a direct reflection of the Problem. As a side note, a Solution with no Problem preceding it is a lot less valuable. Take a second look at the Solution for NetFlix above without the Problem before it, and think about how much less exciting that Solution is without understanding the Problem that it solves. The Market SizeSolving the Problem beautifully is nice and all, but if the Market Size of the Problem isn't big enough, you're not likely get investors very excited. The Market Size explains just how big and widespread the market is, which implies how big of a company you can build by solving that p roblem. Investors want to know you're solving a painful problem in a giant market. If you can combine those two factors, you'll generate a lot more interest. Watch what happens when we reduce the size of NetFlix's Market Size by just adding a few words to the Problem: Going to the video store to rent the movie Fletch is a pain. People don't like traveling back and forth just to rent Fletch and they hate paying late fees even more. â⬠We haven't even explained the Solution yet and already you're probably thinking ââ¬Å"How big of a business could you build on helping people rent Fletch? I mean hey, it's a good movie, and probably a seminal work by Chevy Chase, but c'mon! â⬠Now let's try that again, only this time we'll use a real Market Size: ââ¬Å"For over 90 million Americans going to the video store is a pain.People don't like traveling back and forth just to rent a movie and they hate paying late fees even more. â⬠Notice how with just a small modification we ga ve you a real good indication of how big this Problem really is. 90 million Americans represent a lot of dollars spent. Even if you don't entirely understand the problem, you can certainly understand that 90 million people probably add up to a pretty big market opportunity. Picking the right Market Size is about identifying a portion of the market that is likely to buy your product.It's not everyone that's ever seen a movie; it's everyone that is currently renting movies. Maybe it's less than that if some percentage of those consumers don't use the Internet. You don't need to have the world's largest market, but be mindful of going after a market that is obviously too small (like the people renting Fletch) for fear of turning people away before they even have the opportunity to hear you out. Put it Together, then Pare it Down Now we've got a nice understanding of the Problem, Solution and Market Size. The next step is to distill that explanation down to an easy-to-remember ite-sized sound bite that still covers all the bases. Let's try a shorter version: ââ¬Å"NetFlix helps over 90 million Americans avoid driving to the video store by delivering movies directly to their doorstep without ever paying late fees. â⬠In one sentence we've tackled the Market Size, Problem, and Solution in a way people can easily remember. Most importantly, in a way you can remember when you're explaining what you do a million times over! In many cases, you'll be lucky if you get just enough time to get this one message across, so refining the message is key.Don't worry about getting it right the first time. Pitch it a few times to strangers, get some reactions and modify. It takes some practice. The Tag Line Distilling the Elevator Pitch down to one sentence isn't always enough. You'll often need something that's just a few words in order to arm others with an easy explanation of your company. You'll personally remember that 90 million Americans have a movie rental problem and that you help people avoid late fees. No one else will. Investors won't remember more than the general concept.Your advisors who mention you at cocktail parties won't be able to recite your beautiful pitch. You need a Tag Line. The Tag Line is an explanation of what you do without the details. It's how people reference you before getting into the pitch. It's how you probably remember most of the products you use today. Here's a Tag Line for Netflix: ââ¬Å"Mail Order DVD Rentalsâ⬠Notice how simple that is? That's the point. In just four words it explains what NetFlix does, without going into the details of the problem it solves or how big that problem may be.Take some time and really refine your Tag Line. Put it on your Web site, your business card and all of your collateral items. You're building a brand after all, and your Tag Line is what makes that brand memorable. Summary Your Elevator Pitch may be one of the single most important tools you use to communicate your brilli ant idea to the world. Most great pitches you hear, like famous advertising slogans, are the result of countless hours spent refining, gathering input and refining some more.
Wednesday, August 14, 2019
Experiment 1: Calorimetry
Experiment 1: Calorimetry Nadya Patrica E. Sauza, Jelica D. Estacio Institute of Chemistry, University of the Philippines, Diliman, Quezon City 1101 Philippines Results and Discussion Eight Styrofoam ball calorimeters were calibrated. Five milliliters of 1M hydrochloric acid (HCl) was reacted with 10 ml of 1M sodium hydroxide (NaOH) in each calorimeter. The temperature before and after the reaction were recorded; the change in temperature (? T) was calculated by subtracting the initial temperature from the final temperature. The reaction was performed twice for every calorimeter. The heat capacity (Ccal) of each calorimeter was calculated using the formula, C_cal=(- H? _rxn^o n_LR)/? T[1] where ? Horxn is the total heat absorbed or evolved for every mole of reaction and nLR is the number of moles of the limiting reactant. The ? Horxn used was -55. 8kJ per mole of water while the nLR was 0. 005 mole. Table 1. Average Ccal from recorded ? T values. Trial? T, (oC)Ccal, (J)Ave Ccal, (J) 112. 2126. 82202. 91 21. 0279. 00 213. 093. 00108. 50 22. 3124. 00 310. 5558. 00558. 00 20. 5558. 00 412. 0139. 50244. 13 20. 8348. 75 513. 093. 0081. 38 24. 069. 75 612. 0139. 50209. 25 21. 0279. 00 712. 111. 60111. 60 22. 5111. 60 813. 093. 00116. 25 22. 0139. 50 Different heat capacities were calculated for each calorimeter (Table 1). After calibration, a reaction was performed in a calorimeter by each pair. A total of eight reactions were observed by the whole class. The temperature before and after the reaction were recorded. Then the change in temperature was calculated. Eac h reaction was performed twice to produce two trials. The experimental ? Horxn for each reaction was solved using the formula, H? _rxn^o=(-C_cal ? T)/n_LR [2] where Ccal is the heat capacity previously calculated for each calorimeter. The percent error for each reaction was computed by comparing the computed experimental ? Horxn to the theoretical ? Horxn using the formula, % error=|(computed-theoretical)/theoretical|? 100% [3] Table 2. Comparison of calculated ? Horxn and theoretical ? Horxn. RxnLRTrial? T, (oC)? Horxn, (kJ/mol)Ave ? Horxn, (kJ/mol)Theo ? Horxn, (kJ/mol)% Error 1HCl13. 5-142. 04-131. 89-132. 510. 47 23. 0-121. 75 2HOAc11. 3-26. 34-41. 61-56. 0924. 65 22. 7-56. 89 3HOAc11. 8-189. 61-203. 16-52. 47287. 18 22. 0-216. 70 4HNO311. 5-73. 24-70. 80-55. 8426. 78 21. 4-68. 36 5Mg13. 0-118. 67-138. 45-466. 8570. 34 24. 0-158. 23 6Mg15. 5-559. 4-635. 72-953. 1133. 30 27. 0-712. 01 7Zn13. 0-43. 80-43. 80-218. 6679. 97 23. 0-43. 80 8CaCl210. 00. 00-5. 8113. 07144. 47 20. 5-11. 63 There were differences in experimental and theoretical values of ? Horxn as shown by the percent error for each reaction (table 2). The discrepancies were caused by many factors. One factor was the loss of heat. The heat may have bee n released when the thermometer was pushed or pulled during the reaction. The heat may also have been lost because the calorimeter is not totally isolated. Another factor was the dilution of the solution. The pipette or test tube may still have been wet when used. However, the concentration used in solving for values was the concentration of the undiluted solution. Another factor that may have contributed to the difference in the experimental and theoretical values was human error. It was manifested when reading the thermometer or measuring chemicals with different instruments. The factors aforementioned are the limitations of this experiment. References Petrucci, R. H. ; Herring, F. G. ; Madura, J. D. ; Bissonnette, C. General Chemistry, 10th ed. ; Pearson Education: Canada, 2011; Chapter 7. Appendices Appendix A Comparison of Observed and Theoretical Heats of Reactions RxnLRTrial? TnLRqrxn? HorxnAve ? HorxnTheo ? Horxn% Error 1HCl13. 500. 00500-710. 19-142. 04-131. 89-132. 510. 47 23. 000. 00500-608. 73-121. 75 2HOAc11. 250. 00515-135. 63-26. 34-41. 61-56. 0924. 65 22. 700. 00515-292. 95-56. 89 3HOAc11. 750. 00515-976. 50-189. 61-203. 16-52. 47287. 18 22. 000. 00515-1116. 00-216. 70 4HNO311. 500. 00500-366. 19-73. 24-70. 80-55. 8426. 78 21. 400. 00500-341. 78-68. 36 5Mg13. 000. 00206-244. 13-118. 67-138. 45-466. 8570. 34 24. 000. 00206-325. 50-158. 23 6Mg15. 500. 00206-1150. 88-559. 44-635. 72-953. 1133. 30 27. 000. 00206-1464. 75-712. 01 7Zn13. 000. 00764-334. 80-43. 80-43. 80-218. 6679. 97 23. 000. 00764-334. 80-43. 0 8Na2CO3/ CaCl210. 000. 005000. 000. 00-5. 8113. 07144. 47 20. 500. 00500-58. 13-11. 63 Appendix B Sample Calculations Calibration of Calorimeter 10ml 1M NaOH + 5ml 1M HCl n. i. e. : OH-(aq) + H+(aq) ? H2O(l)? Horxn= -55. 8kJ LR: HCLnLR= 0. 005mol Grp 1 Trial 1 ?T= 2. 2oC Solââ¬â¢n: C_cal=(- H? _rxn^o n_LR)/? T C_cal=(-(-55. 8kJ)(0. 005mol))/(? 2. 2? ^ o C)? 1000J/1kJ ?(C_cal=126. 82 J) Determination of Heats of Reaction Neutralization Reaction Rxn 4 Trial 1: 10ml 1M NaOH + 5ml 1M HNO3 n. i. e. : OH-(aq) + H+(aq) ? H2O(l) LR: HNO3nLR= 0. 005mol ?T= 1. 5oCCcal= 244. 125 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(244. 25J)(? 1. 5? ^o C))/0. 005mol? 1kJ/1000J ? ( H? _rxn^o=-73. 24kJ) Reaction between an Active Metal and an Acid Rxn 5 Trial 1: 15ml 1M HCl+ 0. 05g Mg n. i. e. : 2H+(aq) + Mg(s) ? Mg+2(aq) + H2(g) LR: MgnLR= 0. 00206mol ?T= 3oCCcal= 81. 375 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(81. 375J)(3^o C))/0. 00206mol? 1kJ/1000J ?( H? _rxn^o=-118. 67kJ) Displacement of One Metal by Another Rxn 7 Trial 1: 15ml 1M CuSO4 + 0. 5g Zn n. i. e. : Cu+2(aq) + Zn(s) ? Zn+2(aq) + Cu(s) LR: ZnnLR= 0. 00764mol ?T= 3oCCcal= 111. 6 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(111. 6J)(3^o C))/0. 00764mol? 1kJ/1000J ?( H? rxn^o=-43. 80kJ) Precipitation Reaction Rxn 8 Trial 1: 10ml 0. 5M Na2CO3 + 5ml 1M CaCl2 n. i. e. : CO3-2(aq) + Ca+2(aq) ? CaCO3(s) LR: Na2CO3/ CaCl2nLR= 0. 005mol ?T= 0. 5oCCcal= 116. 25 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(116. 25J)(? 0. 5? ^o C))/0. 005mol? 1kJ/1000J ? ( H? _rxn^o=-11. 63kJ) Appendix C Answers to the Questions in the Lab Manual There are many possibilities that explain the discrepancy of the experimental and theoretical values of ? Horxn. First, heat might have been lost to the surroundings. This is possible whenever the thermometer is pulled out or pushed in the calorimeter during the reaction. Also, the calorimeter might not have been thoroughly isolated. Second, the solution might have been diluted in the test tube or pipette. They might have been wet when used with the solution. Lastly, the discrepancies might have occurred due to human error. The students might have misread the thermometer when taking the temperature or the pipette when measuring the solutions. a. It is important to keep the total volume of the resulting solution to 15ml because any more or any less than that of the volume can contribute to the absorption or release of additional heat therefore affecting the ? Horxn. b. It is important to know the exact concentrations of the reactants to solve for their number of moles and to find out the limiting reactant. c. It is important to know the exact weight of the metal solids used to solve for their number of moles and to find out whether one of them is a limiting reactant. Also, the weight is needed to solve for the heat capacity of the solid when the specific heat is given. 200ml 0. 5M HA + NaOH ? -6. 0kJ LR: HAnLR= 0. 1mole H? _(rxn,mol)^o= (-6. 0 kJ)/(0. 1 mol) ?( H? _(rxn,mol)^o= -60 kJ) HA is a strong acid. OH-(aq) + H+(aq) ? H2O(l)? Horxn= -60 kJ/mole Calibration:15ml 2. M HCl + 5ml 2. 0M NaOH? T=5. 60oC LR: NaOHnLR= 0. 01mole Reaction:20ml 0. 450M CuSO4 + 0. 264g Zn? T=8. 83oC LR: ZnnLR= 0. 00404mole n. i. e. : OH-(aq) + H+(aq) ? H2O(l) n. i. e. : Cu+2(aq) + Zn(s) ? Zn+2(aq) + Cu(s) C_cal=(- H? _rxn^o n_LR)/? T C_cal=(-(-55. 8kJ)(0. 01mol))/(? 5. 60? ^o C)? 1000J/1kJ ?(C_cal=99. 6 J) H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(99. 6J)(? 8. 83? ^o C))/0. 00404mol? 1kJ/1000J ? ( H? _rxn^o=-218. 0 kJ) OH-(aq) + H+(aq) ? H2O(l)? Horxn= -55. 8kJ ?Hof,H2O= -285 kJ ?Hof,OH-= ? ?Horxn= ? Hof,product ââ¬â ? Hof,reactant -55. 8 kJ = ? Hof,OH- ââ¬â (-285 kJ) ?( H? _(f,? OH? ^-)^o=-218. 0 kJ) Experiment 1: Calorimetry Experiment 1: Calorimetry Nadya Patrica E. Sauza, Jelica D. Estacio Institute of Chemistry, University of the Philippines, Diliman, Quezon City 1101 Philippines Results and Discussion Eight Styrofoam ball calorimeters were calibrated. Five milliliters of 1M hydrochloric acid (HCl) was reacted with 10 ml of 1M sodium hydroxide (NaOH) in each calorimeter. The temperature before and after the reaction were recorded; the change in temperature (? T) was calculated by subtracting the initial temperature from the final temperature. The reaction was performed twice for every calorimeter. The heat capacity (Ccal) of each calorimeter was calculated using the formula, C_cal=(- H? _rxn^o n_LR)/? T[1] where ? Horxn is the total heat absorbed or evolved for every mole of reaction and nLR is the number of moles of the limiting reactant. The ? Horxn used was -55. 8kJ per mole of water while the nLR was 0. 005 mole. Table 1. Average Ccal from recorded ? T values. Trial? T, (oC)Ccal, (J)Ave Ccal, (J) 112. 2126. 82202. 91 21. 0279. 00 213. 093. 00108. 50 22. 3124. 00 310. 5558. 00558. 00 20. 5558. 00 412. 0139. 50244. 13 20. 8348. 75 513. 093. 0081. 38 24. 069. 75 612. 0139. 50209. 25 21. 0279. 00 712. 111. 60111. 60 22. 5111. 60 813. 093. 00116. 25 22. 0139. 50 Different heat capacities were calculated for each calorimeter (Table 1). After calibration, a reaction was performed in a calorimeter by each pair. A total of eight reactions were observed by the whole class. The temperature before and after the reaction were recorded. Then the change in temperature was calculated. Eac h reaction was performed twice to produce two trials. The experimental ? Horxn for each reaction was solved using the formula, H? _rxn^o=(-C_cal ? T)/n_LR [2] where Ccal is the heat capacity previously calculated for each calorimeter. The percent error for each reaction was computed by comparing the computed experimental ? Horxn to the theoretical ? Horxn using the formula, % error=|(computed-theoretical)/theoretical|? 100% [3] Table 2. Comparison of calculated ? Horxn and theoretical ? Horxn. RxnLRTrial? T, (oC)? Horxn, (kJ/mol)Ave ? Horxn, (kJ/mol)Theo ? Horxn, (kJ/mol)% Error 1HCl13. 5-142. 04-131. 89-132. 510. 47 23. 0-121. 75 2HOAc11. 3-26. 34-41. 61-56. 0924. 65 22. 7-56. 89 3HOAc11. 8-189. 61-203. 16-52. 47287. 18 22. 0-216. 70 4HNO311. 5-73. 24-70. 80-55. 8426. 78 21. 4-68. 36 5Mg13. 0-118. 67-138. 45-466. 8570. 34 24. 0-158. 23 6Mg15. 5-559. 4-635. 72-953. 1133. 30 27. 0-712. 01 7Zn13. 0-43. 80-43. 80-218. 6679. 97 23. 0-43. 80 8CaCl210. 00. 00-5. 8113. 07144. 47 20. 5-11. 63 There were differences in experimental and theoretical values of ? Horxn as shown by the percent error for each reaction (table 2). The discrepancies were caused by many factors. One factor was the loss of heat. The heat may have bee n released when the thermometer was pushed or pulled during the reaction. The heat may also have been lost because the calorimeter is not totally isolated. Another factor was the dilution of the solution. The pipette or test tube may still have been wet when used. However, the concentration used in solving for values was the concentration of the undiluted solution. Another factor that may have contributed to the difference in the experimental and theoretical values was human error. It was manifested when reading the thermometer or measuring chemicals with different instruments. The factors aforementioned are the limitations of this experiment. References Petrucci, R. H. ; Herring, F. G. ; Madura, J. D. ; Bissonnette, C. General Chemistry, 10th ed. ; Pearson Education: Canada, 2011; Chapter 7. Appendices Appendix A Comparison of Observed and Theoretical Heats of Reactions RxnLRTrial? TnLRqrxn? HorxnAve ? HorxnTheo ? Horxn% Error 1HCl13. 500. 00500-710. 19-142. 04-131. 89-132. 510. 47 23. 000. 00500-608. 73-121. 75 2HOAc11. 250. 00515-135. 63-26. 34-41. 61-56. 0924. 65 22. 700. 00515-292. 95-56. 89 3HOAc11. 750. 00515-976. 50-189. 61-203. 16-52. 47287. 18 22. 000. 00515-1116. 00-216. 70 4HNO311. 500. 00500-366. 19-73. 24-70. 80-55. 8426. 78 21. 400. 00500-341. 78-68. 36 5Mg13. 000. 00206-244. 13-118. 67-138. 45-466. 8570. 34 24. 000. 00206-325. 50-158. 23 6Mg15. 500. 00206-1150. 88-559. 44-635. 72-953. 1133. 30 27. 000. 00206-1464. 75-712. 01 7Zn13. 000. 00764-334. 80-43. 80-43. 80-218. 6679. 97 23. 000. 00764-334. 80-43. 0 8Na2CO3/ CaCl210. 000. 005000. 000. 00-5. 8113. 07144. 47 20. 500. 00500-58. 13-11. 63 Appendix B Sample Calculations Calibration of Calorimeter 10ml 1M NaOH + 5ml 1M HCl n. i. e. : OH-(aq) + H+(aq) ? H2O(l)? Horxn= -55. 8kJ LR: HCLnLR= 0. 005mol Grp 1 Trial 1 ?T= 2. 2oC Solââ¬â¢n: C_cal=(- H? _rxn^o n_LR)/? T C_cal=(-(-55. 8kJ)(0. 005mol))/(? 2. 2? ^ o C)? 1000J/1kJ ?(C_cal=126. 82 J) Determination of Heats of Reaction Neutralization Reaction Rxn 4 Trial 1: 10ml 1M NaOH + 5ml 1M HNO3 n. i. e. : OH-(aq) + H+(aq) ? H2O(l) LR: HNO3nLR= 0. 005mol ?T= 1. 5oCCcal= 244. 125 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(244. 25J)(? 1. 5? ^o C))/0. 005mol? 1kJ/1000J ? ( H? _rxn^o=-73. 24kJ) Reaction between an Active Metal and an Acid Rxn 5 Trial 1: 15ml 1M HCl+ 0. 05g Mg n. i. e. : 2H+(aq) + Mg(s) ? Mg+2(aq) + H2(g) LR: MgnLR= 0. 00206mol ?T= 3oCCcal= 81. 375 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(81. 375J)(3^o C))/0. 00206mol? 1kJ/1000J ?( H? _rxn^o=-118. 67kJ) Displacement of One Metal by Another Rxn 7 Trial 1: 15ml 1M CuSO4 + 0. 5g Zn n. i. e. : Cu+2(aq) + Zn(s) ? Zn+2(aq) + Cu(s) LR: ZnnLR= 0. 00764mol ?T= 3oCCcal= 111. 6 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(111. 6J)(3^o C))/0. 00764mol? 1kJ/1000J ?( H? rxn^o=-43. 80kJ) Precipitation Reaction Rxn 8 Trial 1: 10ml 0. 5M Na2CO3 + 5ml 1M CaCl2 n. i. e. : CO3-2(aq) + Ca+2(aq) ? CaCO3(s) LR: Na2CO3/ CaCl2nLR= 0. 005mol ?T= 0. 5oCCcal= 116. 25 J Solââ¬â¢n H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(116. 25J)(? 0. 5? ^o C))/0. 005mol? 1kJ/1000J ? ( H? _rxn^o=-11. 63kJ) Appendix C Answers to the Questions in the Lab Manual There are many possibilities that explain the discrepancy of the experimental and theoretical values of ? Horxn. First, heat might have been lost to the surroundings. This is possible whenever the thermometer is pulled out or pushed in the calorimeter during the reaction. Also, the calorimeter might not have been thoroughly isolated. Second, the solution might have been diluted in the test tube or pipette. They might have been wet when used with the solution. Lastly, the discrepancies might have occurred due to human error. The students might have misread the thermometer when taking the temperature or the pipette when measuring the solutions. a. It is important to keep the total volume of the resulting solution to 15ml because any more or any less than that of the volume can contribute to the absorption or release of additional heat therefore affecting the ? Horxn. b. It is important to know the exact concentrations of the reactants to solve for their number of moles and to find out the limiting reactant. c. It is important to know the exact weight of the metal solids used to solve for their number of moles and to find out whether one of them is a limiting reactant. Also, the weight is needed to solve for the heat capacity of the solid when the specific heat is given. 200ml 0. 5M HA + NaOH ? -6. 0kJ LR: HAnLR= 0. 1mole H? _(rxn,mol)^o= (-6. 0 kJ)/(0. 1 mol) ?( H? _(rxn,mol)^o= -60 kJ) HA is a strong acid. OH-(aq) + H+(aq) ? H2O(l)? Horxn= -60 kJ/mole Calibration:15ml 2. M HCl + 5ml 2. 0M NaOH? T=5. 60oC LR: NaOHnLR= 0. 01mole Reaction:20ml 0. 450M CuSO4 + 0. 264g Zn? T=8. 83oC LR: ZnnLR= 0. 00404mole n. i. e. : OH-(aq) + H+(aq) ? H2O(l) n. i. e. : Cu+2(aq) + Zn(s) ? Zn+2(aq) + Cu(s) C_cal=(- H? _rxn^o n_LR)/? T C_cal=(-(-55. 8kJ)(0. 01mol))/(? 5. 60? ^o C)? 1000J/1kJ ?(C_cal=99. 6 J) H? _rxn^o=(-C_cal ? T)/n_LR H? _rxn^o=(-(99. 6J)(? 8. 83? ^o C))/0. 00404mol? 1kJ/1000J ? ( H? _rxn^o=-218. 0 kJ) OH-(aq) + H+(aq) ? H2O(l)? Horxn= -55. 8kJ ?Hof,H2O= -285 kJ ?Hof,OH-= ? ?Horxn= ? Hof,product ââ¬â ? Hof,reactant -55. 8 kJ = ? Hof,OH- ââ¬â (-285 kJ) ?( H? _(f,? OH? ^-)^o=-218. 0 kJ)
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