Basic Lesson in Finance

The article â€Å"A Basic Lesson in Finance† discusses the consequences of stock market falling. The article contributes significantly financial and economic fields as it offers well-structured and logical study of the problem. The author describes the Black Monday stressing that it was really unexpected and financial sphere appeared not to be prepared for such situation. Actually, the US stock market has dramatically dropped, and it has been the largest crash since 1929.Nevertheless, equities benefited from such situation as inflation had fallen. The author underlines that the Black Monday passed harmlessly in contrast to credit crunch occurred in the country. I think the article is very analytic and informative as it offers detailed analysis of stock market falling stressing the causes, flowing and consequences. It is known that stocks are very attractive for investors and for common people who are willing to earn money. So, fluctuations at stock market cause worries among p eople.Nevertheless, economists argue that recession is inevitable and investors should pull back on consumption. In such a way the author cites economists and financial analytics to show the current situation at the stock market. For example, he cites John Kenneth Galbraith who argues that depression caused more serious damages than stock market falling. Further, the author suggests that stock market recovered from the crisis only since nine months, though he didn’t provide evidence to support his position.Moreover, he writes that stock market falling didn’t affect country’s economy, though I don’t agree with his point. I think that even the slightest fluctuations at the market do affect economic stability as small problems in not managed properly may become disastrous. The credit crunch is said to become easier, though the borrowers don’t see expected returns. Finally, it was interesting to find information about securitization because this proble m is relatively new and there is little available information how to manage the problem.

A Case Study on Tesla Motors

A CASE STUDY ON TESLA MOTORS Cost/Benefit Analysis In concern, every determination that has to be made requires thorough rating. And one of the most convenient and straightforward methods to make this is through Cost/Benefit Analysis. In CBA, an appraisal of the entire value of all the benefits of a certain undertaking is compared to that of the value of the costs that are needed in order to recognize such undertaking ( Watkins, n.d. ) . In order for the assessor to come up with a better angle of comparing, these values must be expressed into a unvarying unit of measuring. Normally, in calculating CBA, the values of the cost and benefits are converted into their pecuniary value. Once all the costs and benefits of the undertaking have been taken into consideration, comparing may be done. If the value of the benefits outweighs that of the costs, it means that the undertaking is a worthwhile enterprise. The following point of rating would be the computation of the break-even point – the clip at which the benefits of the undertaki ng pay off the costs ( Hill, 2012 ) . It would be most preferred to hold a shorter payback period. By and large, CBA helps concern people to make up one's mind whether or non to set about a peculiar undertaking. It allows them to border the best and appropriate undertaking aims. Furthermore, CBA can be used to fix the necessary resources every bit good as develop before and after steps of the project’s success. For illustration, the move to advance more ecological operations and procedures for the company may necessitate a Cost/Benefit analysis to find the chance of its realisation. As the corporate universe is going more and more aware of the effects of Climate Change, companies are looking to implement environment-friendly patterns in their offices. The same holds true for immense fabrication companies. CBA allows the companies to measure likely additions and losingss that these actions may convey. Tesla Motors: A Case Study in Environmental Impact Background and Operations of Tesla Motors Leading the coming of a more sustainable transit system and its inventions, Tesla Motors has established rather a repute in the automotive industry. Since its constitution in 2003, the company has grown to be the biggest maker of electric autos in the market. It has contributed more than 50,000 autos in roads all over the universe as of today ( Tesla Motors, n.d. ) . Its chief end is to make a transit system that is more environment-friendly and sustainable. Electric autos are charged at place and do non necessitate refuelling of gasolene unlike the autos designed by other makers. Quite expectedly, these zero-emission autos were non easy accepted in the market as they were deemed impractical, non to advert consumers were non truly impressed with their instead tacky design. Fortunately, Tesla Motors was able to toss that equation. By let go ofing their trailblazer electric athleticss auto for the high-end market, the Tesla Roadster, they were able to capture the attending of auto partisans and alter the face of the green auto market. After let go ofing the Roadster, Tesla pushed for more infinite in the industry by let go ofing their luxury saloon, the Tesla Model S in 2012. More and more consumers are looking to purchase electric autos because of the inventions that were done by the company. In fact, reserves for their following theoretical account releases are already stacking up. There is much expectancy for the Tesla Model X and Model 3 releases. How Green is a Tesla Green Car? The really intent of an electric auto is to advance energy invention ; and Tesla Motors’ end is to accomplish this without doing any negative impact on the environment. However, a new engineering such as the advanced green auto production can non be made to go through without being exhaustively criticized by the populace. Green autos are, by rule, more environment-friendly than the conventional fuel-based autos. The procedure, by which it is being manufactured, on the other manus, says otherwise. Furthermore, green autos do run on electricity. But, how is electricity being processed? Does it non come from coal and crude oil excessively? All things considered, is a Tesla green auto viridity after all? The company admits that the grade of being environment-friendly of their autos – take the Model S for illustration, largely depends on where and how frequently the auto is being driven. In the US, each province has a different mix of energy beginnings that fundamentally goes into their grid. In other words, a â€Å"cleaner† beginning of electricity makes a Model S a more environment-friendly auto. By and large, it is still cleaner than the internal-combustion design of their rivals in footings of emissions-per-mile ; sing the efficiency of battery-powered autos in change overing stored energy into a utile signifier ( Oremus, 2013 ) . Tesla Motors and the Campaign for Environmental Sustainability Tesla Motors have established its run to advance a greener personal conveyance system through its electric vehicles ; but how does it impact the environment in the industrial context? Are its procedures and operations considered as environment-friendly? The company is really much aware of the fact that they are indirectly let go ofing C emanations through power workss – sing that electricity is the chief power beginning of the vehicles. This is the ground why Tesla moves to advance the absolute remotion of indirect C emanations by utilizing Supercharger Stations that merely uses grid electric power from solar panels ( Walsh, 2014 ) . Furthermore, Tesla is teaming up with SolarCity to supply electric auto proprietors an option to bear down their autos utilizing solar panels in their several places. This is like hitting two birds with one rock. By extinguishing the demand for coal-based electricity beginning, they are indirectly cut downing C emanations in the ambiance ; and they are advancing the usage of renewable energy beginning at the same clip. Tesla is fundamentally work outing the world’s dependance on gas. Through their radical inventions in electric vehicle engineering, they have addressed an issue that has been thought as an improbableness for many old ages. By doing more convenient accommodations in their electric autos, and at the same clip turn outing that electric autos are so effectual, Tesla has convinced more consumers to sponsor their merchandise. The company is winning more and more conflicts as they advance into bigger ventures. In order to provide to their turning consumer demands, Tesla is constructing their very foremost Gigafactory. Panasonic will be a immense investor in this undertaking, along with Tesla’s other major spouses. The best thing about this gigafactory is the company’s program to run it chiefly on air current and solar energy. Nevada is the perfect site for the mill because it is where the biggest solar power works in the universe is located. Tesla does non merely function as a leader in electric auto engineering, it is besides going a theoretical account for other companies to see more environment-friendly procedures. Coal excavation and processing has created many environment-related issues and are still doing jobs in many topographic points around the universe. If Tesla becomes successful in extinguishing the demand for non-renewable beginnings of energy in order to bring forth electricity, it can alter the face of the car industry everlastingly. Not merely will it dramatically cut down the C emanations that are released to the ambiance, it will besides extinguish the issues that are brought about by the processing of electricity that is coming from natural resources. Tesla Motors and the Competitive Industry Of class, Tesla Motors is non the lone company that has entered the green auto market. Even though the industry for green autos is non that large compared to the conventional car market, it can be said that competition is non excessively slack. In fact, Toyota, Ford, Nissan, and Honda are considered as the biggest rivals for Tesla. Audi, Volkswagen, and BMW are looking to fall in the green auto industry shortly. And these are reasonably immense companies. Can Tesla maintain its topographic point in the industry without being squeezed out by elephantine auto makers? What is its competitory advantage? Unlike the remainder of the car makers, Tesla is 100 % in the green auto industry. Therefore, their focal point is merely within that market. Research and development is entirely dedicated for this intent, leting the company to make better inventions. Besides, Tesla has about 5-year caput start over the other companies. While other companies are still constructing their green auto designs, Tesla is already smoothing its ain. The hereafter of the automotive industry is tilting towards the use of renewable beginnings of energy. This fundamentally means that other companies who are on the other side of the industry are at a immense disadvantage. Oil is about to run out ; but solar power is limitless. Sooner or subsequently, they will hold to switch to a more sustainable beginning of energy. Tesla Motors and the Future of Green Car Technology At the minute, Tesla’s precedence is to maximise its production in order to run into the demands for the Model S and Model X in the market. They are holding problems in run intoing client demands with their very limited production. But the populace can rest assured that Tesla will non halt making better inventions for their merchandises. Once the gigafactory has been installed, Tesla’s following focal point will be on the development and betterment of machine-controlled driving engineering. As a affair of fact, the company’s CEO, Mr. Elon Musk has announced the release of their partially self-driving vehicle by 2017 ( Boyadjis, Rassweiler, & A ; Brinley, n.d. ) . As the engineering for zero-emission autos advancement, the issues sing the car companies’ impact on the environment is being addressed bit by bit. Someday, there will come a clip when vehicles will entirely depend on solar power – among other renewable energy beginnings. It may non wholly work out Global heating, but it will assist the universe get at that place one measure at a clip. Mentions Boyadjis, M. , Rassweiler, A. , & A ; Brinley, S. ( n.d. ) . Object moved. Retrieved from hypertext transfer protocol: //www.ihs.com/articles/features/tesla-motors.html Hill, R. ( 2012, September ) . Attention Required! | CloudFlare. Retrieved from hypertext transfer protocol: //www.mindtools.com/pages/article/newTED_08.htm Oremus, W. ( 2013, September 9 ) . How green is a Tesla? Electric cars’ environmental impact depends on where you live. Retrieved from hypertext transfer protocol: //www.slate.com/articles/technology/technology/2013/09/how_green_is_a_tesla_electric_cars_environmental_impact_depends_on_where.html Tesla Motors. ( n.d. ) . About Tesla | Tesla Motors. Retrieved from hypertext transfer protocol: //www.teslamotors.com/about Walsh, T. ( 2014, November 1 ) . Investing in Socially Responsible Companies: Tesla Motors Inc. Retrieved from hypertext transfer protocol: //www.fool.com/investing/general/2014/11/01/investing-in-socially-responsible-companies-tesl-2.aspx Watkins, T. ( n.d. ) . An Introduction to Cost Benefit Analysis. Retrieved from hypertext transfer protocol: //www.sjsu.edu/faculty/watkins/cba.htm

Business Accounting assement 2 Essay Example | Topics and Well Written Essays - 1500 words

Business Accounting assement 2 - Essay Example The name of the company will be ‘Fit Stitch’ as it is a very short name and it shows the nature of business as well. The official website of the company will be published with the URL name www.fitstitch.com. Currently there is no company offering services with this name therefore, Fit Stitch will become a trademark for my business. The nature of the business will be sole proprietorship, which means that I will be the sole trader of this business and I would be liable to bear all profit or loss. Moreover, in this kind of business, only I would have the decision making authority, however, to increase the participation of my workers, I would take their input before making any business decision. Fit Stitch aims to offer affordable, outclass, quick and convenient stitching services it to its customers. Our skilled and expert designers offer outstanding stitching services for all kind of dresses. Our ultimate aim is to satisfy our customers while achieving break even profit. The company will offer its services in Lisbon, Portugal. There are two basic reasons because of which I am targeting Lisbon market: the first, it is my home city; second, the market need. Fit Stitch will target all these market segments including men, women and kids. Attracting customers who get their clothes stitched from tailors will be easier because most of these people are sick of the prices of tailors and they usually feel very boring when it comes to visit the tailors. Since we will be offering online service and with some extra charges we will also offer the facility to get order from home, therefore, most of the customers will find it very convenient. The customers who prefer readymade garments will also find Fit Stitch services convenient, affordable and creative therefore, they will be also attracted by Fit Stitch. The only weakness of this product is the geographical limitation. Since, the budget is limited therefore; Fit Stitch cannot offer its

Contemporary Modern Art Essay Example | Topics and Well Written Essays - 6250 words

Contemporary Modern Art - Essay Example The essay "Contemporary Modern Art" discovers the modern art. New York is a city of museums, a sight that can be most overwhelming at the best of times. MoMA, the museum of modern art is among the very best of modern museums in the world today. Started in the 1920s by visionaries like John Rockefeller, New York became the hub of the modern art world when the Nazis were taking control of Europe. Initially, MoMA promoted the works of modern artists like Pollock, Warhol, and Arbus, but with time, the museum has grown and has a collection of over 150,000 paintings, sculptures, and photographs. The museum continues to expand even today. The museum has an outstanding collection of photographs from artists of the eras gone by and contemporary. Some of the best photographs can be seen here, including some brilliant portraits by Diane Arbus. Museums preserve noted works of artists. Many such seminal works in the modernist canon base their work on the female nude: Manet’s Olympia, Cezan ne’s Grand Bathers, Picasso’s Demoiselles of Avignon, Henri Matisse’s Pink Nude, Henry Moore’s Reclining Nude. The project of questioning art object’s in relationship to the gallery centers around several assumptions: There is something worth displaying; There is a specific context for display. The cramped basements of museum reveal reputations lost and names forgotten, a storehouse that reminiscence works once given prominence, now no more than an enthusiasm of a specialist or just a historical curiosity. Museums are intended to bring to life a past history to the visitor, therefore in more than one way, the countenance of the museum where arts are displayed, should have prominence too. Galleries such as the Musee d' Orsay and the Tate Galleries in Liverpool and Millbank in London are part of urban regeneration packages, sited in disused industrial buildings, obsolete railway stations, warehouses and power stations. The eccentric nature of the buildings is complimented by remarkably similar displays across the institutions. This is why one gets to sense the presentation of modern art in puritanically regulated white-walled rooms with strategically placed spotlights and humidity monitors, analogical to all modern art galleries across the globe (Meecham and Sheldon, 2000, p.198-99). Museums are the spaces in which histories and the fixtures and fittings of meaning are installed. There is no dearth to the kind of exhibits available across a diverse spectrum of museums globally. The Museum of Modern Art in New York, the first museum to devote itself exclusively to modern art, was founded in 1929, the year in which the stock market crashed and America witnessed the Great Depression. It has been the most influential modern art museum, not just in terms of design and display but in the definition of the art that would be considered modern.

Mergers And Acquisitions Within The Aviation Sector Dissertation

Mergers And Acquisitions Within The Aviation Sector - Dissertation Example Using a case study approach, the study recruited human participants with direct managerial experience at Air France-KLM and found that human capital advantages were the primary advantages achieved by this merged firm. Followed in order of priority were revenue growth, improved customer loyalties, the ability to utilize price discrimination strategies and superior competitive power. The findings uncovered no detriments of the merger and concluded that Air France-KLM sought the proper strategic direction when deciding to merge both companies. A merger encompasses the blending of two different companies that operate under a single umbrella identity. Merged organizations perform trade of their business operations under a singular name and share both profits and potential losses that originate from the newly merged business. It has been recognized that the aviation sector is one of the most fundamental supports of businesses throughout the world (Bell 2010) Approximately half of all global businesses utilize the aviation industry for travel and for transport services. As a result, companies in this sector put much time and effort into perfecting their business operations by consolidating advantages through processes such as acquisitions and mergers. In most industries, the majority of mergers fail. Porter (1987) offers that most mergers and acquisitions lead to failure as a result of poor performance and inability to establish strategies that productively sustain the new business model formed by the blending of two companies. However, many corporate Board members and top-level executives seek mergers as a means to improve their business. Mergers are expected to produce synergies and provide greater financial benefits since the consolidation of two different businesses will theoretically improve business efficiencies and enhance competitiveness in an  established competitive market.

Ethical Issues of Ewe v. Cloth Essay Example | Topics and Well Written Essays - 500 words

Ethical Issues of Ewe v. Cloth - Essay Example The fact that Dr. Cloth was a General Practitioner and not an Oncologist is one important consideration in this case. Doctors are human beings and do make mistakes without intending any harm to their patients. If Dr. Cloth diagnosed Mrs. Ewe's lump in good faith and believed his diagnosis to be correct, it is easy to see how utilitarianism is attached to his actions. Another reason why it can be said that Dr Cloth adopted the ultilitarianism ethical principle is that he informed Mrs that her lump was beign, perhaps choosing to silence her fears instead of letting her face the truth. It is a known fact that cancer kills a millions of people, especially women. His actions of acting out his own human compassion is a very clear indication that DR Cloth acted with beneficence towards Mrs Ewe. It is clear that it would have been more professional for him to advice Mrs Ewe to seek a second opnion. However this case in terms of ethical principles is not cut and dry. Dr Cloths intentions do not show any igns of being maleficence. It is without a doubt that his actions have caused some serious harm, however they were not intionally evil. Arguably one might assume that

Education is an Essential for the Success of a Person Essay - 1

Education is an Essential for the Success of a Person - Essay Example Some benefits of education for the professional life of a person include the increased number of job opportunities,   career evolution, good salary package, improvement in decision-making skills, opportunity to excel in professional life, and ability to raise opinions based on knowledge. There are different types of education, such as, school education, drug education and sex education, which play their roles in their relevant fields of life. Use of Illegal drugs has become a common youth issue. Providing drug education to adults is the best way to control the use of illegal drugs at the workplaces. â€Å"Education and outreach are becoming major parts of establishing a more effective program to keep drug abuse out of the workplace† (Oliver). Sex education also holds great importance in the life of a person. It helps society deal properly with many critical issues, such as teen pregnancies and abortions. Educators can make children aware of the consequences of doing different types of illegal sexual activities in order to stop them from doing any illegal sexual activity. School education brings a number of benefits to children. It not only helps them develop good personalities but also makes them progress in their professional lives. Education increases the confidence of children, which is one of the key success factors. Without confidence, a person cannot do anything properly in his/her life. A person gains confidence when he/she becomes aware of different social and political issues, and that awareness comes through education. Education also improves the decision-making skills of a person, which makes him/her take correct decisions regarding any matter of life.  

Research for the Financial Risk Management Problems of Small and Literature review

Research for the Financial Risk Management Problems of Small and Medium-sized Enterprise in China - Literature review Example Similarly, Allen warns that investors who fail to adopt the correct strategies in handling the identified risks always face severe consequences. To support his ideology, he says that the economic depletion of 2008 came out because of the then major financial firms failing to adopt the correct strategies of managing loose credit. Mulz 2011 (pg. 7) defines financial risk management as the aspect of evaluating and managing current or possible financial risks within the firm. He says that even though financial risk management practices cannot always prevent firms from all possible risks, they are beneficial in a way as they decrease the level at which firms are exposed to the risk. According to (pg. 9), risk management has some similarity to financial risk management. The similarity arises from the fact that in both cases, investors and firm managers are required to identify potential risks, evaluate possible remedies that they can embrace, and finally implement the most appropriate strategies in such a way that the objectives of the business are handled satisfactorily. Historically, various economies of the world have different mechanisms of controlling their markets. This is to mean that a strategy can be ideal for implementation in the United States but not in China, Brazil, Australia or South Africa for that matter. This essay aims to provide more insight on both risk management and financial risk management, but by comparing the most applicable strategies in China with those in Western nations notably, the United States of America. Similarly, this essay aims to discuss how differently bigger companies as well as small and medium-sized enterprises in China manage risks. On the same note, the essay briefly covers some of the financial risk problems that SME’s face in their attempt to compete with the already established corporates. Chance 2010 (pg. 47) argues that the

Resolving Matters of Externalities in Systematic Bargaining Assignment

Resolving Matters of Externalities in Systematic Bargaining - Assignment Example The legal framework and procedure that should be followed to resolve the potential or existing dispute between the firms or other parties to an externality are critical (Kaul, 1999). It is therefore important that strategic tools are put in place and surrounding factors captured in settling the affecting individuals.There are legal frameworks that guide the bargaining power of the affected parties when it comes to externalities.It is therefore important that strategic tools are put in place and surrounding factors captured in settling the affecting individuals.The objective of this study would involve determining various forms of externalities that a firm presents to the society. It would also help in establishing whether there are diverse resolutions legal mechanisms to the affected individuals through systematic bargaining approach. Externalities have remained a critical aspect of the corporate world and its relationship with the members of the community (Kaul, 1999). The establishment of a legal bargaining process for the affected members is key in promoting the general welfare of the society by the firms. Besides, the outcomes of the research would provide information that would serve as a literature review in further future studies. Collecting relevant data and incorporating them into existing legal framework reforms would be an uphill task considering the deep political aspects of the corporate world. Besides, the research requires a significant amount of funds and time which poses a real challenge to the resolution mechanism establishment.

Stephen King and Langston Hughes - Perspectives on Good Writing Essay Example for Free

Stephen King and Langston Hughes Perspectives on Good Writing Essay In How to Be a Bad Writer (in Ten Easy Lessons), by Langston Hughes, and Everything You Need to Know About Writing Successfully – in Ten Minutes, by Stephen King, the reader is advised on a variety of writing topics. Hughes, a product of segregation and racism, uses biting humor and sarcasm to rail against bad writing, whereas King, a former teacher and a product of the counterculture movement, uses folksy charm to instruct us. King cleverly prefaces his advice with a self-effacing story about learning to write in his sophomore year of High School. In essence, he says that if he could do it, then so can we, if we listen. King values brevity (remove every extraneous word) and warns us not to get on a soapbox and preach. King also has great respect for the process, from drafting to submission etiquette, and belittles those of us who do not know the markets. In conclusion, he states, â€Å"And if you listened, you can write everything and anything you want.† It sounds seductively simple, and that is King’s greatest success. He makes you believe. Hughes takes the gloves off in How to Be a Bad Writer (in Ten Easy Lessons). He scolds us with ten critical statements and leaves us to do the reverse engineering. Hughes places a premium on honesty, devoting half of his essay to that message. One example is, â€Å"Never write about anything you know, your home town, or your home folks, or yourself.† Hughes attacks dishonesty, verbosity, and affectation with, â€Å"Have nothing to say, but use a great many words, particularly high-sounding words, to say it.† When you add Hughes’ instruction to use stereotypes of older stereotypes, his anger is evident. Sadly, Hughes race-related advice, if not some of his terminology, remains relevant. There is no universally correct way to be a successful writer and I find it comforting that neither author refers to his advice as rules or laws. King and Hughes have given us valuable reference tools to assist in developing our own techniques. It is up to us to choose how we will apply their advice.

Microsoft Visual Basic Programming Language Computer Science Essay

Microsoft Visual Basic Programming Language Computer Science Essay Microsoft Visual Basic is a programming language is which is easier and simpler to use than other programming languages for example Java, Programming in C, programming in C++. Visual basic is an ideal language for developing Windows-based, Database and Internet applications. Windows-based applications are event driven and they need good graphical user interface (GUI) support. Internet applications require web page programming support. Visual Basic provides a scripting language called VBScript to help you control and make your web pages interactive. Visual Basic can also be used to access database created using database management software (DBMS) such as Access 2000, SQL Server 7.5 and FoxPro. Visual Basic also supports both traditional procedure-oriented programming and the newer object-oriented programming (OOP). Visual Basic is one of the members of a group of software called Visual Studio. The other members of this group are Visual Studio Tools, Visual C++, Visual J++, Visual FoxPro and Visual InterDev. There are four versions of Visual Basicà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Working Model, Learning Edition, Professional Edition and Enterprise Edition. The Visual Basic environment is where users can create and test their projects. The Visual Basic environment consists of several windows such as: The Title bar- displays the projects name(Project1). The default project name is Project1. Subsequent projects are named Project2, Project3, etc. Besides the project name, the title bar also contains several icons. The buttons on to the right are the standard windows buttons that can use to minimize, restore or close the window. Menu Bar- has the usual menu items such as File, Edit, View, Project, Run and Tools. Tool Bar- contains several icons, each of which represents a command. These icons provide a shortcut to the most frequently used commands. Toolbox- Located at the left hand side of the of the main window, contains a set of icons, each of which represent control object or just control. Form window- The window at the center of the main screen is the Form window. This is where the user can design their application. When the user begins a project, Visual Basic gives a new form with the default form named Form1. These are the few items and tool featured in a Visual Basic environment. Question 1 Write a program to produce the following output: Main Menu For Loop While Loop Select your Choice: 1 Using For Loop to Display the pattern 1 22 333 Do you want to continue(Y/N)? Y Main Menu For Loop While Loop Select your Choice: 2 Using while Loop to Display the pattern 1 22 333 Do you want to continue(Y/N)? N Press any key to continue Output For Question 1 Module Module1 Sub Main() Dim i, j As Int32 Do Dim a As Integer Console.WriteLine(Main Menu) Console.WriteLine(1-For Loop) Console.WriteLine(2-While Loop) Console.WriteLine(Select Your Choice) a = Console.ReadLine() If a = 1 Then Dim k As Int32 = 1 Console.WriteLine(Using For Loop to Display the pattern) For i = 1 To 3 Console.WriteLine() For j = 1 To i Console.Write(k.ToString) Next j k += 1 Next i Dim b As Char Console.WriteLine(vbCrLf) Console.WriteLine(Do You Want To Continue (Y/N)?) b = Console.ReadLine() If (b = Y) Then Else End End If ElseIf (a = 2) Then Console.WriteLine(Using While Loop to Display the pattern) Console.WriteLine(vbCrLf) Dim counter As Integer = 1 While counter Console.WriteLine(StrDup(counter, CChar(counter.ToString))) counter += 1 End While Dim b As Char Console.WriteLine(vbCrLf) Console.WriteLine(Do You Want To Continue (Y/N)?) b = Console.ReadLine() If (b = N) Then End End If Else Console.WriteLine(Please key 1/2) End If Loop End Sub End Module Source Code For Question For the first question was done using if else statements to determine wheter to print out for loop or while loop by assigning conditions, for example a=1 for for loop and a=2 for while loop. The variable a is set with Dim As Integer meaning as assigned with 1 and 2. The for and while loop codes are above whitin the codition. For the Looping of the statement was done by using Do loop, that the Menu can loop again. Using Console.WriteLine to print the output and using Console.ReadLine for input, Console.WriteLine(vbCrLf) for new line. Dim Char is to represent a single character in this case either using Y or N option to continue with the program. Dim Integer to represent number without decimal place. Question 2 The numbers of calories burned per hour cycling, jogging, and swimming are 200, 475, and 275, respectively. A person loses 1 pound of weight for each 3500 calories burned. Write a program that allows the user to input the number of hours spent at each activity and then calculates the number of pounds worked off. The Output For Question 2 The following image above is my output for question 2. This was done using Microsoft Visual.NET 2003. Briefly explaining the element used to create this was Label, text, Radiobuttons and a button. So this was to test the number of hours that the user has done using the following 3 choices above. So after the selection of one of the radiobuttons the output will be displayed in pounds, as where the number of pounds shed by the user. The following interaction was done by the button. The codes are set in the button so when the user click the result is displayed. For more detailed explanation of the code is below. The codes for the button for Question 2 Using Dim as Double enables the user to have decimal places compared to integer/ Using 3 variables a, b, and c respectively to represent each of following hours cycling, jogging and swimming. Using the if statements to achieve the result for the corresponding activities for each. The raddiobuttons are the following activities that represents cycling, jogging and swimming. The value of each is multiplied by the value given by the question as 200,475 and 275 and then each of them are divide by the number of calories which is 3500. Conclusion A Visual Basic application or project typically requires some input, processing and output. For interaction with the user the project will typically use several controls such as forms, text and picture boxes, labels and command buttons. Using these control, the user can control the program execution. Planning a Visual Basic project basically involves the following steps: Plan the project. This involves determining what to do. Designing the User Interface. The interface is the most visible part of the project. It is used to interact with the system. The user can determine the controls ( e.g., command buttons, text boxes, labels) that are needed to enter data (input), to display results of computation (output), and to control the program execution (processing). Set the properties of the controls. Determine the controls that the user will need or their project and set the properties (e.g., appearance, name, caption, color) for each of the controls used. Write the code (program). The code represents the action that must take when the user clicks on a Command button. Clicking a Command button is called an event and the code represents a response to that event Test and debug the code. This is done to ensure that the program works correctly These steps help the user to analyze first, plan using draft and then apply his information gathered into motion. These steps are a require that every programmer must do in order to achieve full satisfaction of their program.

Essay on the Conflicts, Climax and Resolution in Rappaccini’s Daughter

The Conflicts, Climax and Resolution in â€Å"The Rappaccini’s Daughter†Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚   This essay will analyze Nathaniel Hawthorne’s â€Å"The Rappaccini’s Daughter† to determine the conflicts in the tale, their climax and resolution, using the essays of literary critics to help in this interpretation.    In the opinion of this reader, the central conflict – the relation between the protagonist and antagonist usually(Abrams 225) - in the tale is an internal one within Giovanni between his love for Beatrice and his Puritan belief in the depravity of man. His love for the beautiful daughter blinds him to various indications of her poisonous nature, to the evil nature of her father and to the intent of her father to involve Giovanni as a subject in his sinister experiment. An assortment of lesser conflicts ensue: Professor Baglioni’s battle against Rappaccini; Beatrice’s fight against her father; Beatrice’s battle against her power to kill and in favor of the power to love, etc.    The tale takes place in Padua, Italy, where a Naples student named Giovanni Guascanti has relocated in order to attend the medical school there. His modest room is in an old mansion watched over by the landlady, Dame Lisabetta, a two-dimensional character given to religious expletives like, ``Holy Virgin, signor!'' She seeks to make the customer content with his lodging; she answers Giovanni’s curiosity about a garden next-door: ``No; that garden is cultivated by the own hands of Signor Giacomo Rappaccini, the famous doctor. . . .†    Giovanni in his room can hear the water gurgling in Dr. Rappaccini’s garden, from an ancient marble fountain located in the center of the plants and bushes; of particular interest to Giovanni is â€Å"one shrub i... ... Beatrice dies, â€Å"the poor victim of man's ingenuity and of thwarted nature,† at the feet of her father and Giovanni. The catastrophe is that everyone loses except Beatrice; the doctor loses a daughter and â€Å"specimen†; Giovanni loses a lifetime partner and requires isolation from people as Beatrice did; Baglioni loses an intelligent student; even the landlady loses a renter.    WORKS CITED    Abrams, M. H. A Glossary of Literary Terms, 7th ed. New York: Harcourt Brace College Publishers, 1999.    Hawthorne, Nathaniel. â€Å"Rappaccini’s Daughter.† ElectronicText Center. University of Virginia Library. http://etext.lib.virginia.edu/etcbin/browse-mixed-new?id="HawRapp"&images=images/modeng&data=/texts/english/modeng/parsed&tag=public    Kazin, Alfred. Introduction. Selected Short Stories of Nathaniel Hawthorne. New York: Fawcett Premier, 1966.   

The Role of Turkey in the Pacification and Rebuilding of Iraq Essay

The Role of Turkey in the Pacification and Rebuilding of Iraq The relationship between Kurds and Turkey has long been fraught with complications.? As rebuilding of Iraq is poised to begin, the question arises as to whether Turkey should take part in the reconstruction. I believe that Turkey is able to take a role in the peace process in Iraq, for it would prove advantageous to both Ankara and Washington.? However, I do not think that Turkey should take a role in restructuring, for their presence would undermine the peace process.? A role for Turkey would be resented not only by the Kurds in northern Iraq, but by the Iraqis as a whole. The Kurds are concentrated in northern Iraq.? Though it would be incorrect to assume that the Kurds are indicative of the Iraqi people, the Kurds do constitute a sizable minority, which accounts for approximately twenty percent of Iraq?s population.[i]? The Kurds have been marginalized for hundreds of years, most notably after the Great Powers reneged on their guarantee in the 1920 Treaty of Sevres to establish an independent Kurdish state and in 1991 when George Bush Senior encouraged the Kurds to ?take matters into their own hands,? and rebel against Saddam Hussein?s Ba?athist Party, only to withdraw from Iraq shortly thereafter.[ii]? The Kurds are justified in resenting their derogatory treatment.? They were, it is believed, the region?s original inhabitants, present in Iraq in the seventh century.[iii] The Kurds have been ruthlessly targeted by Saddam Hussein?s Ba?athist Party.? In 1975, the government in Baghdad initiated a process of ?Arabization? in northern Iraq, methodically exterminating the Kurdish population there.[iv] In 1988, the Anfal military campaign, led... ... Over Kurds. APS Diplomat Recorder.? 4 October 2003. [xxxv]? Purvis, Andrew.? ?Gathering Forces with Turkey. Time.? 10 February 2003: 23. [xxxvi]? ?Turkey?s Role Worries Kurds. The San Diego Union-Tribune.? 21 October 2003:? B2. [xxxvii]? ?The Battle for Northern Iraq. The Economist.? 22 March 2003. [xxxviii]? ?Turkey Moves Into Northern Iraq. APS Diplomat News Service.? 31 March 2003. [xxxix]? Ibid. [xl]? Gorvett, Jon.? ?Staking a Claim. The Middle East.? May 2003. [xli]? ?No Kurdish Imperialism for Us. The Economist.? 30 August 2003: 33. [xlii]? ?Kurds Block Turkish Mission. APS Diplomat Recorder.? 9 August 2003. [xliii]? Berenson, Alex.? ?The Struggle for Iraq. The New York Times.? 15 October 2003. [xliv]? Howard, Michael.? ?Kurds Say Turkish Troops Will Bring Chaos. The Observer.? 16 October 2003: 5. [xlv]? The Role of Turkey in the Pacification and Rebuilding of Iraq Essay The Role of Turkey in the Pacification and Rebuilding of Iraq The relationship between Kurds and Turkey has long been fraught with complications.? As rebuilding of Iraq is poised to begin, the question arises as to whether Turkey should take part in the reconstruction. I believe that Turkey is able to take a role in the peace process in Iraq, for it would prove advantageous to both Ankara and Washington.? However, I do not think that Turkey should take a role in restructuring, for their presence would undermine the peace process.? A role for Turkey would be resented not only by the Kurds in northern Iraq, but by the Iraqis as a whole. The Kurds are concentrated in northern Iraq.? Though it would be incorrect to assume that the Kurds are indicative of the Iraqi people, the Kurds do constitute a sizable minority, which accounts for approximately twenty percent of Iraq?s population.[i]? The Kurds have been marginalized for hundreds of years, most notably after the Great Powers reneged on their guarantee in the 1920 Treaty of Sevres to establish an independent Kurdish state and in 1991 when George Bush Senior encouraged the Kurds to ?take matters into their own hands,? and rebel against Saddam Hussein?s Ba?athist Party, only to withdraw from Iraq shortly thereafter.[ii]? The Kurds are justified in resenting their derogatory treatment.? They were, it is believed, the region?s original inhabitants, present in Iraq in the seventh century.[iii] The Kurds have been ruthlessly targeted by Saddam Hussein?s Ba?athist Party.? In 1975, the government in Baghdad initiated a process of ?Arabization? in northern Iraq, methodically exterminating the Kurdish population there.[iv] In 1988, the Anfal military campaign, led... ... Over Kurds. APS Diplomat Recorder.? 4 October 2003. [xxxv]? Purvis, Andrew.? ?Gathering Forces with Turkey. Time.? 10 February 2003: 23. [xxxvi]? ?Turkey?s Role Worries Kurds. The San Diego Union-Tribune.? 21 October 2003:? B2. [xxxvii]? ?The Battle for Northern Iraq. The Economist.? 22 March 2003. [xxxviii]? ?Turkey Moves Into Northern Iraq. APS Diplomat News Service.? 31 March 2003. [xxxix]? Ibid. [xl]? Gorvett, Jon.? ?Staking a Claim. The Middle East.? May 2003. [xli]? ?No Kurdish Imperialism for Us. The Economist.? 30 August 2003: 33. [xlii]? ?Kurds Block Turkish Mission. APS Diplomat Recorder.? 9 August 2003. [xliii]? Berenson, Alex.? ?The Struggle for Iraq. The New York Times.? 15 October 2003. [xliv]? Howard, Michael.? ?Kurds Say Turkish Troops Will Bring Chaos. The Observer.? 16 October 2003: 5. [xlv]?

Impacts of Artificial Climate Modification Essay -- Meteorology Weathe

Impacts of Artificial Climate Modification Controlling the weather. The very idea of it sounds enthralling and, yet, terrifying. Take a moment and think about the endless possibilities. Imagine the scenario: Hurricane Katrina is headed straight for Louisiana, Mississippi, and Texas. The loss of life is unthinkable and the amount of damage is insurmountable. However, scientists have discovered a way to seed the hurricane, not only lessening its power but potentially redirecting its path. Hundreds of lives are saved and billions of dollars in damage are prevented. While extreme storm manipulation is a far reach into the future, the possibility to increase rain and snow fall and to suppress hail storms is a reality. However exciting the possibilities, there are still great concerns on how this awesome power will affect the world. Weather Modification (WM) began in the mid 1940s with three scientists at the General Electric Laboratory. Vincent Schaefer, Bernard Vonnegut, and Irving Langmuir conducted various experiments in precipitation management. Their studies showed that the use of dry ice and silver iodide in supercooled stratus clouds acted as â€Å"seeds† for rain and snow making. Simply put, seeding is the introduction of crystalline particles into a cloud to create ice crystals and water droplets that will become precipitation (Bridget, 51). These first series of experiments encouraged new rain enhancement and hail prevention projects throughout the world (List, 51). With the introduction of any new finding, there is a need for guidelines. In order to create a more universal, uniform, and organized method of researching weather modification, the World Meteorological Organization (WMO) establish... ...cy Statement: â€Å"Planned and Inadvertent Weather Modification,†. Bulletin of the American Meteorological Society, 73, 337. Bridget, C. (May/Jun 2005). Changing the Weather. Weatherwise, 58(3), 51, 53. Howell, W.E. (1977). Environmental Impacts of Precipitation Management: Results and Inferences from Project Skywater. Bureau of Reclamation Department of the Interior, 58(6), 491-492. Solak, M.E., Yorty, D.P., & Griffith, D.A. (2003). Estimations of Downwind Cloud Seeding Effects in Utah. Report: North American Weather Consultants, Inc., 35(1), 1, 2, 4. Weaver, T. & Collins, D. (Nov 1977). Possible Effects of Weather Modification (Increased Snowpack) on Festuca Idahoensis Meadows. Journal of Range Management, 30(6), 451. List, R. (Jan 2004). Weather Modification- A Scenario for the Future. Bulletin of the American Meteorological Society, 85(1), 52, 56-57.

Money Makes the World Go Round Essay

Money Makes the World Go Round Essay Student Submitted Essay – Want our site version, give us a call today! In year 1960, there was a musical play happened named as â€Å"Cabaret† where this quotation â€Å"Money makes the world go round† introduced first. In that play, there was a song sung by female lead actress where she expresses her love and the male actor reply with this quotation. This line implies that money makes the world turn and society highly dependent on the money. â€Å"Success† is generally interpreted as meaning material achievement; the more the cash the more effective one is. This incorporates the measure of cash one procures, the sort of auto he drives or the span of his home. The basic meaning of the above quotation is that without money world would stop and it is true to some extent as without money people cannot afford shelter, nor food. Let’s explore further, does the money makes the world go round? If you have money, various options or doors gets opened for a person. The importance of money becomes even more important when you have zero or no money. For example, someone poor will do anything for money so that they can at least fulfill their basic needs. Money empowers us to bear the cost of a superior personal satisfaction; more cash implies greater and better cars and luxurious houses, better quality items, better amusement and so on. Another favorable position is less worry for paying bills and other family costs. Money may likewise enable a man to pursue their fantasies, for instance a man who needs to accomplish advanced education will be unable to do it without money. The above quotation was explained in various places such as in one of the Charles Dickens novel â€Å"A Christmas Carol† where it explained how love was pushed aside because of the money. In that novel one young man loves the girl and promised that he will be with her always but girl chooses the crooked businessman over that boys love because of money. The businessman has lot of money through which that girl can buy all the luxuries of the life. Be that as it may, as of late everybody has moved toward becoming utilization arranged. We need to purchase anything that is new and available and gets our advantage and we are falling prey to the alluring bundling and advertisements of an item. In this manner we purchase things that we have little requirement for which thus profits. Another example for this quotation is from book â€Å"the Great Gatsby† which was written by F.Scott Fitzgerald. In that book author mentioned what was the impact of money on Gatsby as he loves one girl a lot but unable to speak as she was very rich and wealthy. This states that money includes in each aspect of the live and it reflects in the person mannerism and voice. There are various instances where wealthy people think that because of money they can treat others as slaves and can do anything with them. Thus we can conclude that due to money person gets power to handle everything and others live. Another phase of money is that it can be a motivator which influences the activity of human from politics to geological exploration. The greed of the money makes the person evil, money is not evil. From various arguments I think that it’s not money that makes the world go round it’s us who created the money as monster and permitted it so that it can control and take over the lives of the person. Despite the fact that money has few significance in the lives as each part of the lives spins around the money, yet in the event that we attempted to be content with some we may not face those type of reliance. The assortment of the items that are confronted makes it exceptionally troublesome for us to get content with what they have. We people made money above our happiness and lives. Due to this money never completing pursuit made society very selfish. People used to forget that with money there are things which we cannot buy such as emotions, happiness, togetherness, sharing and many more. One of the Chinese proverbs explains it fantastically saying that money can buy a house but cannot make it a home. Money cannot buy good life, respect, and health, sleep and time knowledge. It can buy only the materialistic things but not the emotions or feelings. A person has lot of money in his/her bank amount but still be poor as he/she is not satisfied or not content in their lives. This notion can be supported by a small and sweet story in â€Å"A Christmas memory† by author Truman Capote. The story is based on a child who didn’t get anything on Christmas apart from kite and some worn outs and handed down but still that child is satisfied and enjoy the day with the kite. In the same book there was another example where a family was given lots of money to buy a new Christmas tree but they refused it as they attached with their old Christmas tree and have to celebrate the festival with that only. The above two examples reflects that the satisfaction and contentment are important and above money. People used to think that to become success we should have money whereas success is based on 8 factors: community, financial, spiritual, career, family, personal needs and health. Thus to become successful you have to get all the above 8 factors and not just financial stability. There are many cases where a wealthy person is not able to get good health and died and all his wealth are not sufficient to make him live. Thus, it can straightaway say that all the wealth is not sufficient to save the live and it will be left behind after the person. The only thing which will be remembered are the good deeds, good behavior and the words a person speaks. If you need us to modify or need references for this Essay, please reach out to us today. Money Makes the World Go Round Essay Money Makes the World Go Round Essay Student Submitted Essay – Want our site version, give us a call today! In year 1960, there was a musical play happened named as â€Å"Cabaret† where this quotation â€Å"Money makes the world go round† introduced first. In that play, there was a song sung by female lead actress where she expresses her love and the male actor reply with this quotation. This line implies that money makes the world turn and society highly dependent on the money. â€Å"Success† is generally interpreted as meaning material achievement; the more the cash the more effective one is. This incorporates the measure of cash one procures, the sort of auto he drives or the span of his home. The basic meaning of the above quotation is that without money world would stop and it is true to some extent as without money people cannot afford shelter, nor food. Let’s explore further, does the money makes the world go round? If you have money, various options or doors gets opened for a person. The importance of money becomes even more important when you have zero or no money. For example, someone poor will do anything for money so that they can at least fulfill their basic needs. Money empowers us to bear the cost of a superior personal satisfaction; more cash implies greater and better cars and luxurious houses, better quality items, better amusement and so on. Another favorable position is less worry for paying bills and other family costs. Money may likewise enable a man to pursue their fantasies, for instance a man who needs to accomplish advanced education will be unable to do it without money. The above quotation was explained in various places such as in one of the Charles Dickens novel â€Å"A Christmas Carol† where it explained how love was pushed aside because of the money. In that novel one young man loves the girl and promised that he will be with her always but girl chooses the crooked businessman over that boys love because of money. The businessman has lot of money through which that girl can buy all the luxuries of the life. Be that as it may, as of late everybody has moved toward becoming utilization arranged. We need to purchase anything that is new and available and gets our advantage and we are falling prey to the alluring bundling and advertisements of an item. In this manner we purchase things that we have little requirement for which thus profits. Another example for this quotation is from book â€Å"the Great Gatsby† which was written by F.Scott Fitzgerald. In that book author mentioned what was the impact of money on Gatsby as he loves one girl a lot but unable to speak as she was very rich and wealthy. This states that money includes in each aspect of the live and it reflects in the person mannerism and voice. There are various instances where wealthy people think that because of money they can treat others as slaves and can do anything with them. Thus we can conclude that due to money person gets power to handle everything and others live. Another phase of money is that it can be a motivator which influences the activity of human from politics to geological exploration. The greed of the money makes the person evil, money is not evil. From various arguments I think that it’s not money that makes the world go round it’s us who created the money as monster and permitted it so that it can control and take over the lives of the person. Despite the fact that money has few significance in the lives as each part of the lives spins around the money, yet in the event that we attempted to be content with some we may not face those type of reliance. The assortment of the items that are confronted makes it exceptionally troublesome for us to get content with what they have. We people made money above our happiness and lives. Due to this money never completing pursuit made society very selfish. People used to forget that with money there are things which we cannot buy such as emotions, happiness, togetherness, sharing and many more. One of the Chinese proverbs explains it fantastically saying that money can buy a house but cannot make it a home. Money cannot buy good life, respect, and health, sleep and time knowledge. It can buy only the materialistic things but not the emotions or feelings. A person has lot of money in his/her bank amount but still be poor as he/she is not satisfied or not content in their lives. This notion can be supported by a small and sweet story in â€Å"A Christmas memory† by author Truman Capote. The story is based on a child who didn’t get anything on Christmas apart from kite and some worn outs and handed down but still that child is satisfied and enjoy the day with the kite. In the same book there was another example where a family was given lots of money to buy a new Christmas tree but they refused it as they attached with their old Christmas tree and have to celebrate the festival with that only. The above two examples reflects that the satisfaction and contentment are important and above money. People used to think that to become success we should have money whereas success is based on 8 factors: community, financial, spiritual, career, family, personal needs and health. Thus to become successful you have to get all the above 8 factors and not just financial stability. There are many cases where a wealthy person is not able to get good health and died and all his wealth are not sufficient to make him live. Thus, it can straightaway say that all the wealth is not sufficient to save the live and it will be left behind after the person. The only thing which will be remembered are the good deeds, good behavior and the words a person speaks. If you need us to modify or need references for this Essay, please reach out to us today.

Lockie Leonard Proflie Essay

Lockie Leonard is 13 year old boy but he turns 14 in the book. He lives in a small town called Angelus with his family of 5, his dad’s name is Sarge and his mum’s name is Joy, he has a little brother and sister named Phillip and Blob. Blob is just a todler who can not walk or talk yet, Phillip thinks heis a mad scientist and likes to check girls out â€Å"A note from the teacher saying that he was obsessed with sex†p. 184, and he also still wets the bed and he is 11 years old. His best friend is Egg but he moved away, but they still talk by letters. Lockie is in love with Viki Streeton, according to him she is the hottest girl in school. His mum was depressed and crying all the timeand no one had any idea what was going on especially Lockie, Lockie was very troubled by this he was confused. Joy used to do all the things around thehouse like clean, wash and cook dinner but after she left Lockie had do all these jobs. In doing all these jobs and doing them well and his mum being sick Lockie and Sarge grew closer in there relationship in trusting each and talking to each other. After a while in hospital his mum was gradually getting better, Lockie went to talk to her every day because he missed her and wanted to make sure she was alright. Eventually she got out and she was felling great and had never felt better so Lockie’s life was back to normal, his mum was alright and his relationship with his dad was great and him and Viki had sort of started things again so it was going perfect.

Evaluate a Range of Ways to Embed Elements of Functional Skills in Your Specialist Area.

Evaluate a range of ways to embed elements of Functional Skills in your specialist area. Functional skills are new qualifications developed to allow people to conduct themselves in a confident and independent manner in life. They are practical skills in literacy, numeracy and information communication technology that provide essential knowledge and understanding. The language courses – in my case Italian – are aimed at widening the knowledge of different people cultures and their ways of expression within community groups and as such embedding functional skills helps to develop intelligence, attitude and behavior in each individual. These skills allow individuals to make a positive contribution to the community in which they live and work by laying the foundations for development in any further education or training. The language courses incorporate literacy skills through the introduction of the grammar. The learners need to understand grammar well enough to pick out the right words when they are required to do a translation. According to my experience it is a very proficient exercise to pick an article from a magazine or a newspaper and ask each learner to read it out loud and have it translated into the target language. In this way the principles of knowledge, comprehension and application are put into practice. Another useful exercise can be done by asking the learner to change the verbs in the article from simple present to simple past or to future tense and have them translated into the target language. The language courses also embed some mathematical concepts. An example could be by teaching numbers with dice and make the learners say the sums once the dice are thrown or write on the whiteboard some arithmetical expressions including addition, subtraction, division, multiplication (e. g. 0 + 2 : 6 x 5 ) and ask the learner to make the calculation. Learners are expected to do some homework on the subjects taught and discussed in class. The homework form containing questions, quizzes, and sentences with gaps to be filled is emailed to each of them. This will be completed in computerised format and in this way the functional skill of information and communication technology is incorporated. Anothe r way to embed ICT skills in the session is encouraging the learner to do a research using the internet about a cultural event or a geographic area of the country of interest. Things that could develop my skills in embedding Functional Skills in my teaching are the use of some websites – such as BBC Languages and Linguascope in my case – which could provide some new learning activities that can be introduced in class; use of DVDs to record some TV programs like news, cultural events and documentaries in the target language which could provide new subjects for communicaton and listening in class ; set activities that require students to check for their own and each other’s learning errors and check for these myself . This can be fulfilled with active learning methods and enjoyable tasks like cards, role play, dice that create more participation , concentration and more cognitive engagement. Functional Skills – an Introduction to Functional Skills – 20 August 2008 (online) http://www. qca. org. uk/qca_6062. aspx G. Petty (2004) Teaching today. Nelson Thornes Ltd, Cheltenham

Impact of Computers on Society Essay

Everyone knows that this is the age of computer and vast majority of people are using computer. Development of science and technology has direct effect on our daily life as well as in our social life. Computer technology has made communication possible from one part of the world to the other in seconds. They can see the transactions in one part of the world while staying in the other part. Computer development is one of the greatest scientific achievements of the 20th century. Computers are used in various fields as well as in teaching and learning. Computers are complex electronic devices. They can perform many operations at once, and make our daily lives easier. Almost every home, office, or school has a computer of some kind these days. It may seem at first that having a computer brings only benefits, but further consideration shows that it also has disadvantages. There are many pros and cons about computers (and technology in general). First of all computers are very useful at school. It helps students study for upcoming tests and makes subjects more interesting to learn about. Students can also learn new vocabulary and grammar. Furthermore it allows students to become familiar with operating a computer and gain basic computer skills. Many modern day jobs involve using a computer in one way or another. Also more people can save their valuable time by using computers. This is especially beneficial in the workplace where employees can do their work faster than they ever could before. In addition, storing information on a computer is one of the most efficient ways of keeping data. One flash drive, for example, can hold the same amount of information as numerous books. People can also communicate with other computer owners through the internet, which now offers everything from shopping to â€Å"video chatting† with a person in another country. On the other hand many jobs have been lost due to the fact that a single computer can do a lot of tasks more efficiently and cheaper than humans. This has led to high unemployment rates in many countries. The internet is also full of harmful materials; especially for kids. Some websites are not designed for educational purposes but for profit-gaining aims. There are even children who are so â€Å"addicted† to online gaming that they spend almost all day sitting before in front of a computer screen. As a result they do poorly at school. Also, a computer is just a machine; it can’t completely replace humans so you are unlikely to find ‘moral support’ from chatting with strang people on the net. Besides, people tend to tell lies to their chatter. Also, if kids are left unsupervised they would spend all of their time playing games on the computer rather than using it for educational purposes. Furthermore computer usage can also take an emotional toll on people. When some people work from home on the computer are far more likely to feel cut off from the rest of the world. If children are sitting in front of the screen all day, they do not learn to share, wait their turn, or even something as simple as manners. Moreover children might be using the internet to access pornographic material. Children are also easy targets for sexual offenders who chat online with them and then make plans to meet them or slowly obtain information about them. Also frequent and prolonged computer session may pose physical health. One example of a health hazard could be a bad back. Pretty much everyone relies on a computer one way or another nowadays. These complex electronic devices can help us throughout our daily lives†¦.but they can also hurt. They pose physical and mental/emotional threats if you spend too much time glued to your computer or similar device. There are pros and cons of computer usage. You can communicate with someone in England while you’re laying in bed on your laptop in your pajamas. It can also hurt us just as much as it helps. If you go on one â€Å"suspicious† website and your computer could be infected with a deadly virus and mess up your computer or you could lose all of your personal data, like financial information. What you see depends on who you are and exactly how you see it. Works Cited Anil, Aakar. â€Å"Aakar Tech.† IMPACT OF COMPUTER ON SOCIETY. N.p., 12 Nov. 2007. Web. 05 Feb. 2013. Dutta, Pallab. â€Å"What Are the Benefits of Computers in Society?† EHow. Demand Media, 08 July 2009. Web. 05 Feb. 2013. Frisicaro, Adrian. â€Å"Cs4fn : Computer Science for Fun.† Computer Science for Fun. N.p., n.d. Web. 05 Feb. 2013. â€Å"The Impact of Computers on Society.† The Impact of Computers on Society. N.p., n.d. Web. 05 Feb. 2013. Joseph, Chris. â€Å"The Disadvantages of Computers in the Workforce.† Small Business. Demand Media, n.d. Web. 05 Feb. 2013.

2008 financial crisis Essay Example | Topics and Well Written Essays - 1750 words

2008 financial crisis - Essay Example I realize that hard work and determination alone do not seemingly provide all my needs. For instance, I can secure a job in the event that a vacancy is available somewhere. However, the major challenge is the availability of those vacancies. It therefore seems that while hard work is critical in getting a job, other factors beyond my control also comes into play. Back in the days, finding jobs was much easier that it is today. Like today, the conditions were still strict but the opportunities were abundant since many employers were available. The 2008 global financial crisis changed all that. The crisis was partly a result of poor investment plans and the resulting consequences were felt across the globe. There was a general weakening of the global economy with many large corporations running bankrupt. This shrank the job market as many people were left jobless. The US government in an attempt to bail out bankrupt corporations, extended loans and grants to them and this added to the problem. However, I am not very sure about the very extent of the assistance. In my study, I seek to find out what exactly caused the financial crisis. Who or what was responsible for it, how it impacted on the government and society, and how much the government spent in mitigating it. In addition, I will also like to find information on how difficult it was for people who were recently looking for jobs after the crash. Finally Id also like to learn what new regulations have been made to prevent future crashes (Savona, 78). I will therefore begin my study by running an internet search on the causes of the financial crisis. Of the top results I obtained was an article from The Financial Law Review, the author clearly espouses all the issues around the global financial crisis and highlights the role of investment banks in creating the mess (Avgouleas, 456). Henry Lehman with his two brothers Emanuel and Mayer Lehman had founded the firm in Montgomery,

The Person Who Influenced Me Most Essay Example | Topics and Well Written Essays - 500 words

The Person Who Influenced Me Most - Essay Example Though it is often said and once mentioned by Anand that all male child tries to copy his father and wants to follow his path (Anand 324) but for me what was most influential aspect was the notion that I realized the potential of unlimited prospect that true hard work can get. When I write this article about him I feel like being privileged just by being his son and being his son certainly gives me head on start from the beginning right from the start of my life with positive attitude and with the right formulation of perspective towards life. But when my father started off during his early years he had to make his own way out of his local environment. He had his time hard and he fought his battle hard to reach the level of huge success in life. My father is loved by all despite being a tough task master just because he is a perfect gentleman and it is his certain level of dignified sense of humor that makes him well received among his colleagues and subordinates. Life at the top can be very lonely and in this manner he could be enumerated as a lonely person in himself but he never reveals this and makes up the entire matter by spending quality time with the family whenever it is possible for him. In conclusion it can be summed up in a nutshell that my father can be defined as a well respected person who has reached the crescendo of life and at present despit

Morning after Pills (first draft) Assignment Example | Topics and Well Written Essays - 1750 words

Morning after Pills (first draft) - Assignment Example However, it also reduces the incidence of unwanted pregnancy, particularly where none of the parents are ready for a child (Prescott, 2011). The arguments in support and against the legalization of access to morning after pills without prescriptions have been a thorny issue across the world for decades. However, the use of morning after pills, even after legalization of non-prescriptive pills, has been hampered by poor education in its use and ethical issues facing pharmacies with regards to selling to underage girls. While most people have heard about the pill, they do not have all the information about the extent of its purpose. In a survey of 88 patients in a reproductive clinic, in London constructed to observe their knowledge on the morning-after pill, 65% of the women had heard about it, although only 19% were aware of its seventy two-hour limit (Haussman, 2013). While the morning-after pill has the ability to prevent a woman from pregnancy, it will only be efficient is taken after 72 hours orally following contraceptive failure or unprotected sex. In addition, it only works when the woman is not already pregnant. The pill is not an abortion pill and offers no protection against sexually transmitted infections like HIV. It is also not meant for use as a regular method of birth control and should be used for a maximum of four times a month. If a woman is seventeen years or older, she can receive the pill at a local pharmacy if they can present proof age through relevant documents. The pill c ontains elevated levels of levonorgestrel, which is an analog of progesterone that is found in majority of pills for birth control (Haussman, 2013). After a woman takes the pill, various side effects like period changes, pain in the lower abdomen, nausea, dizziness, headaches and tenderness of the breasts are to be expected. Where it is taken within 72 hours, there is a 95% reduction in probability of pregnancy. Although it was

Examine the role of social media in customer relationship management Essay

Examine the role of social media in customer relationship management 02221 - Essay Example Twitter, Facebook, etc (Holzner, 2008). The complete interactions that take place through the social channels provides various information to small companies, which can be utilized to enhance their services, products, as well as overall approach towards their business (Evans, 2012). Companies are required to value social media as well as realise that it is a two-way or joint process. If they choose to utilize social media like the customer centric stage, they can’t avoid complaints or the negative comments. In reality, one in three Twitter and Facebook user consider that companies should reply to the social grievances within two hours. People have some hopes, and companies should meet those hopes or expectations. Social media is considered as the newest channel by which companies can interact with the target customers (Sponder, 2012). Customer relationship administration/management is referred to the tactics, practices, and technologies, which organizations or firms use to record, manage, and assess customer interactions or communications to drive the growth of sales by enriching and deepening relationships with their entire customer base. The systems of customer relationship management are designed in order to collect customers’ information across various channels such as company’s website, live chat, marketing materials, telephone, social media, and live chat (Boulding et al, 2005). The systems of CRM can also provide customer-facing employee detailed data, buying preferences, and purchase history. Companies need to make sure that the analysis and storage of their customer facts and data must encompass a highest degree of security against identity theft, cyber criminals as well as other violations of securities (Chen and Popovich, 2003). From the company’s viewpoint, the whole relationship includes the direct communication aspect, for example service and sales related processes, and

Astrological Essay Example | Topics and Well Written Essays - 1000 words

Astrological - Essay Example They are also good story tellers. I think that I am imaginative in a positive way. I am very much interested in riding a horse. Whenever I am free, I look forward to taking a horse ride because it gives me immense pleasure. I enjoy riding a horse because I had always imagined riding a horse from my early childhood. I don’t know it was cartoons or films but I am interested in horse riding from childhood. During horse riding I love to see beautiful sites. This has always been my dream and it has something to do with my astrological sign. Another good example that explains my imaginative power is that I like to try new things very often. I quickly get bore of doing the same thing. For example, I often rearrange of my room after every other month even if it only involves shifting my bed from one side to another. I have different posters set up on my bedroom walls and I keep on changing them as well. I try to make my room look different using my different posters and art work. I of ten am the one who persuade my friends to try out new and different things. Going out to same places very often is boring to me. I keep on planning different picnics and other activities with friends just to keep the spice in my life. For me, different is always better. Another interest of mine is to read short stories. I love to read short stories as they give me great pleasure. I also keep on thinking about writing a short story and think about different topics. These are some of the examples of my imaginative power. The second personality trait of my personality is cleverness. I think I am a clever person because I can pick new things very quickly. I am a fast learner as I quickly apply things that I see around me. I learned how to ride a horse with any major help. Also I prefer going through a website and reading about different things instead of relying on other people. I am also clever in a good way

Politics Essay Example | Topics and Well Written Essays - 1500 words - 3

Politics - Essay Example The fundamental ideas in liberalism were expressed by Thomas Hobbes and John Locke. The two believe that the governed are the ones who have and retain the sovereign power. Liberals in the 19th century urged the end of state in the economic life of society. Liberal theorists agreed with Adam Smith that economic systems that are based on free markets are more efficient, and that they generate more wealth than those that are partly state-controlled. The Industrial Revolution in Europe and North America resulted in great inequalities in wealth and other social problems. Looking for solutions to these problems, liberals advocated for limited government intervention in the market and for the creation of government funded services e.g. free public education and health insurance. Further expansion of social welfare programs occurred in America after World War II. The presence of economic stagnation in the late 1970s, made the classical liberals more vocal in their position favoring free mark ets. Liberals consider the government as tasked with removing obstacles that prevent individuals from living freely or from fully realizing their potential. These obstacles include poverty, disease, discrimination and ignorance. In the United States, liberalism is associated with the welfare-state policies of the New Deal Programme of the Democratic administration of President Franklin D. Roosevelt. According to McGowan, American liberalism is different from its European and English counterparts because established religion, an entrenched aristocracy, and an absolutist state never gained a serious foothold in the American colonies. Similarly,

Swine flu Essay Example | Topics and Well Written Essays - 500 words - 1

Swine flu - Essay Example partment of Health in the UK also reports that the swine flu vaccine can offer the pregnant woman and her foetus some form of protection against the disease and concerns over safety are baseless (Press Association, 2009). In order to ensure the safety of the mother and her baby, medical health workers need to be mandatorily included in the vaccination program for swine flu. This is to be imposed in the coming winter months for all health workers (Stein, 2009). The Civil Contingencies Act of 2004 expresses that in instances of National Emergency, previous laws may be overruled. Emergency situations, in these instances include epidemics or a situation which causes serious human illness in the United Kingdom (section 19). The right to refuse treatment and the patient’s right to consent is overruled in this case because the life of the pregnant women and the population in general is endangered. The side effects which sometimes manifest after the administration of the swine flu vaccine, based on reports by experts covering hospitals in Canada, the United States, and Finland are baseless. Reports of Guillain-Barre and spontaneous abortions in these women have not necessarily been associated with the vaccine. So far figures do not exceed baseline parameters pointing to a definite link between these two (AP, 2009). Based on a patient’s Right to Self-determination, a patient has the right to refuse treatment and consequently, he has the right to refuse vaccination (Mental Health Act, as quoted by Leino-Kilpi, 2000). Reports from Medstar in America indicate that exemptions for health employees are being allowed as reasons for not being vaccinated against swine flu. These exemptions include: egg allergies or risk factors for a rare complication known as Guillain-Barre syndrome (Stein, 2009). Religious reasons are not being allowed as exemptions for this vaccination (Stein, 2009). Brewington, K., 2009, Swine flu vaccine: just one dose needed for pregnant women,

Christians Should Not Take Part In Sport Or Shopping Essay Example for Free

Christians Should Not Take Part In Sport Or Shopping Essay The important thing about this statement is that it can be argued two ways. Many people would see sport or shopping as a chore therefore related to work. Others would argue that it is a leisure activity and it is not work. With this in mind the church instated a law saying that all Catholics must attend mass on a Sunday. The Catholic Church itself has no laws or restrictions about shopping or playing sport on a Sunday. By tradition Sunday was the holy day separated and set aside by the fact the mass going was essential to the days activities. In The Old testament there is a saying in the book of Ecclesiastes saying there is a set and provide time for everything which basically means people should balance out there time between things. In todays society were everything is on the move and rushed priorities should be examined and people should use the gift of time wisely. God himself as many believed set down the day of worship. Sunday has three main important events, which coincide with this day. One: Jesus rose from the dead on this day.  Two: Sunday was the first Day of the week and the first day of creation.  Three: Jesus sent down the Holy Spirit On The Pentecost.  Sunday is also a day of celebration when Catholics come together to give praise to God and to thank God for what he has given all of them.  Sport nowadays has become big business for all involved. Among all the big names in sport no one objects to playing on Sundays because of all of the money involved. This is just a small list of all the sports that are being played on Sundays Although sport is played on money for reasons other the money many include because of TV rights and because of sponsors. Christians should not take part on sport on Sunday because sport is seen as work in the churchs eyes. Many values are expressed in sport such as sportsmanship, fairplay etc.  Shopping is the second of the changing faces of Sunday is becoming the most popular one. Many family lifestyles revolve around the parents work and therefore many parents only get to see their children at the weekends. The weekend is often regarded as the days to get the shopping done and many rely on Sunday heavily. Since seven day shopping was legalised in 1977, many have taken advantage over the law. Teresa Murray head of the N. Ireland Region Of Shopping Centres said Sunday Shopping has become like a leisure pursuit for families and has become an important trading day for people in business. Business provides a service and depending on the demand it either succeeds or fails and on Sunday nowadays shopping has become a demand so in order to make money business open for the maximum hours allowed which is six. Many working families dont have much time to spend so end up using Sunday to spend time with there children or getting tings that they could get during the week such as grocery shopping. All the added time spend on Sundays has increased the employment needed for Sundays. Bob Gourley head of N. Ireland Shop Workers Union said they had been opposed to the Sunday trading laws and had in fact boycotted them for many years but however hard they try Sunday trading has become a reality. Our workers only work on Sunday where it is done by agreement

Heart of Darkness Essay Example for Free

Heart of Darkness Essay Kurtz is the man who Marlow searches for through the Congo. Marlows search develops into an obsession and when the search has ended, he only finds a shadow of a man that was once Kurtz. Kurtz was a man who had achieved great things in his life, inspiring each person he had come across and was expected to accomplish more. He came into the Congo with great plans for civilizing the natives, however he became greedy, which ended up being the subject of his own demise. I had immense plans I was on the threshold of great things. Kurtzs main characteristics were his ability to talk passionately to people and inspire them with his words. He had a charisma that made people feel that he was some kind of a genius. Kurtz was a very talented human being, gifted in many areas. He could not be pinned down to a specific talent. He was seen as a great musician to his cousin that Marlow visits, a brilliant politician and leader of men to the journalist and a genius and humanitarian to his intended. Marlow views him as a universal genius. Kurtz is a round character, who is explored deeply and at times, almost to deep. He is neither the protagonist nor the antagonist, but he is a complex main character within the novel. In places where Kurtz is described, there is imagery of darkness and foreboding evil. Kurtz was an exaggeration of the white people who had come to Africa for money. Kurtzs greed for ivory became extreme and even made him violent and aggressive. He was the idea of the self-made man that was the American dream. It was thought that any man could travel and be wealthy materially and spiritually. He was living that dream for a while, before it swallowed him whole. His ego inflated and he believed himself to be a superior being such as God. He let himself be worshipped among the natives and encircled himself with darkness and evil. Hence, his ideals had changed from his journey through Africa. And he soon became one of the natives. Releasing himself from civilization and restraint. When Marlow finally reached Kurtz, Kurtz had become hollow. Kurtz had reached insanity. He was no longer the great man he had once been. He was hollow at the core. Through conversing with the natives and immersing himself with them, Kurtz lost his restraint, which he had learned through civilization. By taking part in native ceremonial gatherings, he had lost his soul and he had succumbed to darkness. How many powers of darkness claimed him for their own. The reason for his behaviour was his greed for ivory. He gave up his soul only for the sole purpose of money and success. However, his actions are justified as Marlow expresses that leaving a man in a jungle with nothing but himself and the desire to make money, will make him go mad. Without restraint from his own culture, Kurtzs basic instincts were released. Kurtzs appearance had dramatically altered as well. He was extremely thin and had a baldhead; he had also lost the ability to walk. From being a God to the natives, he soon comes to despise them. He sees them as rebels, which is why he has stuck heads on sticks outside his hut. Exterminate the brutes In the end, Kurtz dies just after he has come to realize that he has become the heart of darkness. He is an embodiment of evil and he highlights this by saying, The horror! The horror! Kurtz was an imperialist who was a symbol of colonization, and a symbol of the jungle.

Maybank BHD Financial Performance Analyis

Maybank BHD Financial Performance Analyis CHAPTER 1 INTRODUCTION Production or gain from a financial institution is depending on some issues whether the external control or the internal control. External control refer to the environment in our country like economy growth and inflation that effect the purchasing power of customer as the price of goods increases, customer demand will increase too. The Malaysian economy actually moves together with strong financial system. Strong financial system of a country will contribute to economic growth. Economic growth of a country like Malaysia is measured in terms of real GDP. According to Travel Document Systems (1996) ,since independent on 1957 until 2005, Malaysian economy had grew by 6.5% per year automatically it become the best country in Asia at that time. Banks nowadays struggled to maintain a good performance in order to fulfill its objectives of satisfying their customers, employees, depositors and government according to Askari Commercial Bank ( 2006 ). The evolution of financial system in Malaysia has been significant. 7.2 per cent economic growth registered by the country last year was the highest achievement over 10 years and was driven by the two stimulus packages as well as the management of countrys financial and banking system by Bank Negara said the Prime Minister Datuk Seri Najib Tun Razak (2011) . 1.1 BACKGROUND OF STUDY Profit is the major focus of why everybody struggles to make sure their business going well as profit is the important sources of funds. This paper will measure financial performance of Maybank Bhd and determinant of data by identifying the profitability performance of Maybank Bhd. It is important to understand the profitability of commercial bank after considering certain factors that may contribute to the profitability. The research is based on the performance of Maybank from 2001 to 2010. 1.2 PROBLEM STATEMENT A financial institution is a profit-seeking organization owned by shareholders who expect to gain return with the risk associated that they have to face. There are many factors that contribute to bank profitability. According to Bankers Journal Malaysia, for Malaysian Banks, more than 80% of their total income is attributed to interest income. Previous studies have also found that interest income and non-interest income have a positive effect on bank profitability. However besides those banking characteristics of internal variables, there are some external variable that may affect the banks profitability performance that cannot be overemphasized like inflation and GDP. Earlier studies by Al-Hajji, Mohsen (2003) have found positive relationship between the GDP and bank profitability. When GDP increases, profitability of the bank will increase too. Adverse result was found about relationship between inflation and bank profitability. This study will answer the question of how interest income, non-interest income, GDP and inflation rate relate with bank profitability also how is well is the performance of Maybank Bhd during the period of study. RESEARCH QUESTION Dependent and independent variables are studied to find solution about the profitability performance of Maybank Berhad. Factors affecting performance of Maybank Berhad can be comprises into external and internal factors. The criteria that will be evaluated are interest income, non-interest income , interest expenses, Gross Domestic Product (GDP) and inflation rate. The intent of this study is to examine the effect of all this factors towards performance of Maybank Berhad. This research problem leads to questions concerning relationship between selected criteria. In this research, there are few question were asked as listed below : 1.3.1 To what extend inflation rate effect the performance of Maybank Berhad? What are the relationship between dependent variable and independent variables ? 1.3.3 What is the factor that most effect profitability ratio of Maybank Berhad? 1.4 OBJECTIVE OF STUDY The main objective of this study is to study the factors attributes to the profitability performance of Maybank Bhd. comprises of interest income, non-interest income ,Gross Domestic Product (GDP), and inflation rate. The study also will determine the profitability performance of bank for 10 years period. Apart from that, there are few supporting objectives to support the main purpose were listed below : To study the relationship between internal variables and bank profitability. To identify whether bank cost and bank revenues will contribute to profitability performance of Maybank Bhd. To determine which factors contribute the most to profitability of Maybank Bhd. To analyze the trend of Maybank profitability over 10years and identify Maybanks strength and weaknesses using certain profitability ratios. SIGNIFICANT OF THE STUDY Bank profits refer to the return on invested capital and it is important to company as well as the shareholder. Bank profits can be considered as benefit to depositors as it shows stronger, safer and efficient banking system in the increases in revenues and services improvements. Indirectly borrowers also will get the benefits since the bank lending rate depends of ability of banks capital accounts. This paper will focus on some categories as follows: Facilitate researcher to find out the major factors contributing to the profitability performance of commercial banks especially Maybank Bhd. To assist the researcher to be more alert on how to manage and overcome problems that could come together with independent variables and provide guides on how to improve profitability performance. Also provide information on banks profitability strength and weaknesses that could be use by the customers as an evaluation of banks performance. The researcher may also view the performance trend of Maybank Bhd. during this 10 years from 2001 to 2010. 1.6 SCOPE OF STUDY This research paper will focus on the financial performance of Maybank Berhad based on banks profitability. The factors that will be evaluate are divided into 2 which are external factors (Gross Domestic Product, and inflation) and internal factors ( interest income, non-interest income ). 1.7 LIMITATION OF STUDY The limitations of this study is the data only for 10years starting 2001 to 2010. Furthermore the data come from secondary data and sometimes may be adequate or accurate. Besides most of the data were gathered from journals, BNM – Maybank annual reports , and articles. 1.8 DEFINITION OF TERMS 1.8.1 Profit According to Wikipedia, profit  can be considered as the difference between the purchase  price  and the  costs  of bringing to market whatever it is that is accounted as an enterprise or in a simple word it means money gained in business. 1.8.2 Interest Income Companies sometimes keep their cash in short-term deposit investments such as certificates or deposit with maturities up to twelve months, savings account, and money market funds. The cash placed in these accounts earn interest for the business, which is recorded on the income statement as interest income. Interest income will fluctuate each year with the amount of cash a company keeps on hand and the general level of interest rates as set by the Federal Reserve. (Source: Joshua Kennen – Investing for beginners guide ) 1.8.3 Operating profit The profit earned from a firms normal core business operations. This value does not include any profit earned from the firms investments (such as earnings from firms  in which  the company has partial interest) and the effects of interest and taxes. It is also  known as earnings before interest  and tax (EBIT). (Source:http://www.investopedia.com/terms/o/operating_profit.asp) 1.8.3 Profitability Analysis Analysis that assigns revenues and costs to major customers or groups of customers rather than to organizational units, products, or other objects. The results may direct organizational resources toward more profitable uses. It is an application of segmented reporting in which a customer group is treated as a segment. It is especially helpful when combined with an activity-based costing approach that determines which activities are performed for each group and assigns costs based on appropriate drivers. (Source : http://www.answers.com) 1.8.4 Inflation Inflation is An increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money issued or of gold mined, or a relative increase in expenditures as when the supply of goods fails to meet the demand. (Source : Websters New Universal Unabridged Dictionary) 1.8.5 Financial Ratios Ratios that measure a firms ability to meet its short-term financial obligations on time, such as the ratio of current assets to current liabilities. (Source : The Free Dictionary by Farlex ) 1.8.6 Gross Domestic Product Gross domestic product (GDP) refers to the market value of all goods and services produced within a country in a given period. It is often considered an indicator of a countrys standard of living. Gross domestic product is related to national accounts, a subject in macroeconomics. ( Source : http://erbwikipedia.org/wiki/Gross_domestic_product ). Interest Expense Interest expense is a non-operating or other expense for the cost of borrowed money or other credit. The amount of interest expense appearing on the income statement is the cost of the money that was used during the time interval shown in the heading of the income statement, not the amount of interest paid during that period of time. (Source : Accounting Couch) SUMMARY In this chapter, we have discussed about the influence of factors affecting profitability performance of Maybank Berhad and the question that need to be answered in this paper. This research examined the bank profitability which focused on both the returns on bank assets and equity, net interest rate margins and net operating margin. High performance comes from effort given by bank management to produce high profit while facing risk related. Firm need to generate income as much as possible as banking institution is a profit-orientation company. CHAPTER 2 LITERATURE REVIEW INTRODUCTION Bank performance depends on the profitability measurement of banks financial statement. It is recognized that the growth of the banking system is dependent on a strong and stable economic development. PREVIOUS STUDY This paper deals with performance of commercial bank, focuses on Maybank Berhad. Some of previous study that relate with this research are Masood et al. (2009) revealed that in case of calculating profitability in terms of ROE or ROA the most significant internal and external factors affecting Saudi banks are capital adequacy ratio, earning assets to deposits ratio, operational efficiency, growth rate in GDP, and banking sector development. He finds also that variables to do with credit risk, inflation rate and interbank offered rate are insignificant and have a low effect on all indicators of profitability. The results in the speech by Tan Sri Dato Ali Abu Hassan Bin Sulaiman, Governor of BNM, (23 September 1998), he stated that since the onset of the financial crisis, BNM had instituted a number of measures , amongst others included tighter loan classficication policy for non-performing loans and a limit on lending for the purchase of shares. Since then, the financial crisis advers ely affected the real economy, resulting in real GDP contracting by 4.8% during the first half of 1998. Year 1998 was a difficult year for the banking system while 1year after that was the recovery year in the performance of banking system. (BNM 1999 Annual Report Press Conference). Haslem (1968) defined profitability as the capacity to gain or profit, or to return a profit or income. Profit is the measured for productive capacity of a company. According to Orl and Yolalan(1990), profitability performance evaluation of a banks should be linked to decision model so as to associate the result obtained with the decision. Meanwhile, according to Bashir and Hassan , (2003) on their study on the factors influencing the profitability of Islamic banks in eight Middle Eastern countries for the period 1993–1998, they find that the higher leverage and large loans-to-asset ratios lead to higher profitability. This study also indicates a positive relationship between macroeconomic variables, stock market development and profitability of banks. Ben Ben Naceur and Goaied (2006) they find that macroeconomic indicators like inflation, GDP, and market concentration ratio have no impact on banks interest margin and profitability. However, financial structure variables (stock market capitalization divided by total assets or GDP) do have a positive effect on the return on assets. Staikouras and Wood (2003) said that macroeconomic indicators (variability of interest rate, growth of GDP) had a negative impact on profitability. Chance and Lane [1980], and Sweeney and Warga [1986] find little evidence that supports the interest rate sensitivity of bank or financial institutions stock returns. On the other hand, studies such as Lynge and Zumwalt [1980], Booth and Officer [19851, Scott and Peterson [1986], and more recently Chaudry and Reichert [1999] suggest that the stock returns of financial institutions are highly sensitive to changes in interest rates.  Different result from Kosmidou and Pasiouras (2007) which they examine how a banks specific characteristics and the overall banking environment affect the profitability of commercial domestic and foreign banks operating in the 15 EU countries and they found that the main determinants of profitability measured by ROAA, macroeconomic conditions (inflation, growth of GDP) and financial market structure (stock market capitalization to total assets or to GDP, total assets to GDP) are statistically significant and related to both domestic and foreign banks profitability. Apart from that, Bourke (1989), Heggested (1977) using the consumer price index (CPI) as a proxy for inflation both of them made a research on relationship between profit and inflation and the result, both studies found that inflation had a significant relationship with profit. Earlier study from Revell (1980). believed that inflation could be a factor in the causation of variations in banks profitability. For studied on total expenses, items that fall within the control of bank management can be broadly divided into 3 categories: staff expenses, provision for loan losses, and other general expenses. Expenses, such as payment for income tax, are considered statutory expenses and hence beyond the control of management. Devinaga Rasiah (2010) . THEORETICAL FRAMEWORK In this study, 4 factors were chosen to be evaluated. They are return of unit trust fund, risk level of unit trust, diversification level and last but not least is risk-adjusted level. Below is the relationship between dependent variable and independent variables. Title : Investigation of The Financial Performance of Maybank Berhad Bank interest income Bank Non-Interest Income GDP Inflation rate Bank Profitability Interest Expense DEPENDENT VARIABLE INDEPENDENT VARIABLES CHAPTER 3 METHODOLOGY AND DATA 3.0 INTRODUCTION This study will analyze the relationship between dependent variable (profitability of Maybank Bhd) and independent variables (interest income, non-interest income, inflation rate and Gross Domestic Product (GDP) ).This study will covered 10 years data from 2001 until 2010 and will be done using Statistical Package For Social Science (SPSS). Furthermore, hypothesis will be tested whether it can be accepted or rejected. This will provide more understanding view among variables. The advantage of using profitability ratios is that they are inflation invariant that is they are not affected by changes in price levels. This is useful in a time series analysis such as this, where the real value of profits may be distorted by the time varying inflation rates as stated by Devinaga Rasiah (2010). 3.1 DATA COLLECTION Data was collected using annual reports of Maybank Bhd. The data collection was compiled from the financial statement also the balance sheets from Maybanks annual reports for 10 years.. All the data will be evaluate accordingly to see the relationship between the dependent and independent variables also to test the hypothesis. Besides some of the data comes from Internet website like video on news and some articles which contain information about Maybank Bhd. 3.2 SAMPLING FRAME 10 years data was chosen as to see the latest profitability performance of Maybank Bhd. 10 years data is enough to show the flow of performance of bank to see whether it has consistent performance or not and factors which relate the most to banks performance can be determine. 3.3 SOURCES OF DATA The data on Maybank Berhad financial statements and balance sheets were collected using secondary data which come from: (BNM) Bank Negara Malaysia Annual Reports (2001 until 2010). Bursa Malaysia Internet Website. Library books, articles and magazines. 3.4 VARIABLES AND MEASUREMENT The variables used in this study can be categorized into two main types which are, the dependent and the independent variables. 3.4.1 Dependent Variables The dependent variable for this study is the profitability performance of Maybank Bhd. 3.4.2 Independent Variables There are 4 independent variables in this study which are interest income, non-interest income, inflation rate and Gross Domestic Product(GDP). RESEARCH DESIGN Research design involves a series of rational decision making choices. Various issues regarding the topic will be describe here including purpose of study, types of investigation to be make, time horizon and so on. 3.5.1 Purpose of the Study The purpose of this study is to determine the profitability performance of Maybank Bhd from 2001 to 2010. Besides, this study attempt to analyze the factors relates with the performance of Maybank Bhd. and what are the factor that has the highest impact on Maybank Bhd performance. 3.5.2 Types of Investigation This study involved the multiple regression study on the data from range of 2001 until 2010. This model was chosen because this study has more than 1 independent variable.. 3.5.3 Unit of Analysis Unit analysis for this study are interest income, non-interest income, inflation rate and GDP. 3.5.4 Time Horizon This study will use range data from 2001 until 2010 of Maybank Bhd. 3.7 DATA ANALYSIS AND TREATMENT This study use SPSS, multiple regression study as the statistical tool as to measure how all these variables will influence profitability performance of Maybank Bhd. The multiple regression study will be used to analyze the relationship between dependent variable, which is the profitability of Maybank Bhd and independent variables which includes interest income, inflation rate, GDP and non-interest income. Multiple Linear Regression Model: General Functions: P = f( Inflation rate, interest income, Non-interest income , GDP, e ) Specific Form of Equation: P = a + b1X1 + b2X2 + b3 X3 + b4GDP + b5INF + Where; P = profitability a = Constant b1, b2, b3, b4 = Coefficient Beta value X1 = interest income X2 = non- interest income GDP = Gross Domestic Product INF = Inflation = Error 3.8 HYPOTHESIS STATEMENT There are 5 hypotheses in this study which are: Hypothesis 1 H0: There is no significant relationship between inflation rate and bank profitability. Hypothesis 2 H0: There is no significant relationship between GDP and bank profitability. Hypothesis 3 H0: There is no significant relationship between Interest Income and bank profitability. Hypothesis 4 H0: There is significant relationship between Non-Interest Income and bank profitability. SUMMARY In this chapter, we have discussed about where the data comes from and how the data will be measures to evaluate the significances between dependent variable and the independent variables. The study is designed to examine 5main areas which are interest expense, interest income, non-interest income, inflation rate, and Gross Domestic Product (GDP). 10 years data from varieties of secondary sources like Bank Negara Malaysia and internet sources will be evaluated to explain the relationship between profitability performance and factors influence it. .