BUSINESS SIMULATION MODELLING Essay Example | Topics and Well Written Essays - 1000 words

BUSINESS SIMULATION MODELLING - Essay Example Finally, evaluate the results of simulation (Banks, 2005, p.16). Although there are many types of simulation, this project focuses on probabilistic simulation using Monte Carlo method (Torries, 1998, p.59). It is also called computer simulation which is a numerical technique involving the modelling of a stochastic system to predict the systems behavior. The essential charactertistic of Monte Carlo simulation is the chance element (Kalos and Whitlock, 2008, p.116). This approach is used when the process given has a random or chance component. In this method, a given problem is solved by simulating the original data with random number generators (Pinsky and Karlin, 2010, p.285). The model constructed here is the probability distribution of the variable in question. The distribution can be obtained through direct observation or from past records (Hoekstra and Shachak, 1999, p.180). The objective of the research project is to make simulation of an inventory system. The inventory management simulation is a computer based simulation which generates demand and maintains all necessary records. Independent demand inventory models follow the classical model of economic order quantity. Inventory holding firms will bear two kinds of costs, ordering and holding costs. Ordering costs include items like labour, transportation, order processing and inspection. It is stated generally as a fixed cost per order and variations can also be included like quantity discounts. Holding costs include items like insurance, obsolescence, warehousing, taxes, management. It is stated as a percentage of unit cost per time period or an amount per item per time period. The EOQ model can be defined as a classical tradeoff model as with the increase in number of orders per time period, the ordering cost increases and holding cost decreases. The purpose of inventory management is to minimize b oth ordering and holding costs. When variation is

Case Study - Motivation Essay Example for Free

Case Study Motivation Essay Introduction In this brief introduction, advice for James on how to motivate his Year 5 teachers will be framed by explaining the nature of goal, the dimension of the goal and how it should be set. Secondly, suggestions of the selection of Year 5 teacher will be given. Furthermore, various ways of rewarding the goal achievement will be mentioned while evaluating the role of James during the academic year and the application of goal setting. In addition, unintended consequences of the goal setting methods will be discussed and follow by a conclusion. Nature of goal, Dimension of the goal and how it should be set Refers to Locke (1990 and 1996), goal is an object or aim for an action is the definition of goal and it is something consciously want. Goal can be explained by internal and external factors , goals are thoughts with desired end internally and object or conditions sought externally while a job to be completed is as known as task (Locke 1990 and 1996). In this case, the goal of James is to boost his school average result in NAPLAN test (i.e. the 5 reporting sector ) therefore it is above the national average while the task is to select an appropriate teacher that is able to improve the results of the 5 reporting factors. Dimension of goals can be divided content and intensity and they are not easily separated (Locke 1990). Goal content means the actual object sought and psychological goal that an individual have (Locke 1990 and 1996). Content differs in qualitatively and quantitatively and degree of specificity (Locke 199 0). A positive relationship between goal difficulties and performance is founded, the harder the goal is, the better the achievement (Locke 1996). The second factor is intensity. Intensity refers to the depth of the goal, such as scope and integration of the goal setting process and the importance of the goal, etc (Locke1990). Goals can be set according to S.M.A.R.T. which means that goals must be specific, measurable, assignable, realistic and time-related (Rouillard 2003). A specific goal should be details enough to mention what is to be achieved and accomplished, too general statement is insufficient to motive workers (Rouillard 2003).A goal should be measurable which is quantifiable and provide a standard for comparison while indicate whether the goal is reached (Rouillard 2003). Thirdly, an attainable goal should be able to achievable while challenging, a goal with extreme low and  high expectation is insufficient to motivate (Rouillard 2003). Realistic goal means it is practical, possible and achievable (Rouillard 2003). Time-related means to frame the goal with a given period, an out-dated goal has no effect on motivat ion (Rouillard 2003). In this case, James can set a goal like ‘improve 75% of year 5 students results with a grade improvement in the factors of reading, writing, spelling, grammar and punctuation and numeracy within one semester (6 months)’. Access of candidates In this case, the aim is to improve the students’ results therefore teacher effectiveness is the main consideration. Teacher effectiveness is a measure of teacher’s ability to produce an academic growth in a given context and situation (Stronge and Hindman 2006 and Bailey 2006). Various sectors are needed for evaluation. (i) Knowledge/ Teaching certification Richard has the highest degree compare to others and Richard is passionate about upgrading himself to a higher level. Moreover, Richard is familiar with the updated education syllabus as he has completed his bachelor degree few years ago. No specific information about Janice’s educational background is mentioned; it is assumed she has the lowest degree among candidates. Although Janice had attended some teacher training, she is not familiar and active about the updated educational changes and practices which makes her less competitive. Ivar has deep knowledge about psychology and enjoy high degree of reputation and he is a high achieving student which shows Ivar has adequate intelligence level. Refers to Mandeville and Liu cited in Campbell et al (2012), students who are taught by higher levels of teacher certification have better thinking skills and performance than the lower level of knowledge. From the above evaluation, Richard and Ivar are more knowledgeable. (ii) Personal ity Richard is young, enthusiastic, active, ambitious and competitive; Janice is mature, sociable with good personal skills, passionate but less active than Richard and Ivar is logical and rational but not good at communication. Personality is not suggested as a standard for selection as there is no direct relationship between personality and achievement of pupils (Borich cited in Campbell et al 2012 ). More factors should be considered. (iii)  Experience Richard has few years of teaching year 2 and 3 but lack of experience on teaching year 5 and 6; Janice has the most experience among 3 of them and she has 5 years experience on Year 5. Comparing to others, Ivar has the least experience in teaching. Teaching experience is a valuable access however there is no direct relationship between experience and student achievement and teaching experience is only a predictor of student outcomes occasionally (Anderson and Doresett cited in Campbell et al 2012). More factors should be concern. (iv) Self –efficacy ‘A belief in one’s capabilities to organize and execute the course of action required to produce given attainment ‘is called self efficacy (Bandura cited in Campbell et al 2012). Richard and Ivar are very confident about teaching year 5 while Janice is less confident about her skills. It is suggested that students that taught by higher self –efficacy perform better on standardized test and teachers with low self-efficacy have lower expectation of students (Moore and Esselman cited in Campbell et al 2012) . To improve the grade of NAPLAN, advancement of languages and maths are necessary and a teacher with higher self-efficacy is critical as there is positive relationship between self efficacy and the performance of languages and maths of the students (Anderson et al cited in Campbell et al 2012). From the perspective of goal setting theory, an individual with high self efficacy is more willing to set and accept a harder goal while commit to the goals with eff ort (Locke 1996). Richard and Ivar are the better choice. After accessing the above criteria, Richard and Ivar are the better choice since both of them are highly educated and with high self efficacy but Richard is the best choice. Ivar is not specialist in education which shows concern of insufficient knowledge of educational practices while Richard has a better educational knowledge. Refers to Darling-Hammond cited in Campbell et al (2012) , the strongest forecaster of relative achievement compared to others is teacher’s certification therefore Richard will be a better choice based on the element of knowledge. Methods to reward goal achievement The goal cannot be reached by one party’s effort therefore Richard and students should be rewarded. Financial rewards and non-financial rewards are suggested and James should integrate them as a complete reward process in order to work more effectively (Armstrong and Murlis 2007). (i) Financial rewards Merit pay program can be used once Richard reaches the goal. Merit pay is a system that increases the base salary of the employee who achieves the objectives of the business (Snell and Bohlander 2012). James should raise Richard‘s salary with a range of 7 to 9% in order to be motivate (Snell and Bohlander 2012). Financial rewards have no significant in students’ achievement thus financial reward is more appropriate for teachers (Robin 2012). From individual aspect, the increased salary allows Richard to satisfy various needs, such as; help his school fee for his master degree. Richard is competitive, while the financial reward is a tangible form of achievement recognition that satisfies his needs of ego and self- actualization (Armstrong and Murlis 2007). For school, the financial rewards enhance motivation, Richard is more willing to stay in the school and this benefits the school from retaining talents to teach Year 5 students (Armstrong and Murlis 2007). (ii) Non fina ncial rewards Non financial rewards are more effective in motivating (Armstrong and Murlis 2007). James can reward Richard by providing recognition, such as verbally reward with positive feedback, promotion and training and development. James can reward the students by praising the classes and providing extra-circular activities for students to relax and learn. Richard has his own mind in career progression, rewards such as promotion, allows him to reach his individual goal (to have a better career).If Richard is rewarded with training, more knowledge will be received and allow him to have a well preparation for his master degree. Non financial rewards shows recognition which reinforce Richard’s self esteem and self actualization. For the school, non financial rewards bring lasting motivation which maintains Richard’s motivation to work in the school and dedicate more effort for his teaching of Year 5 students. (Armstrong and Murlis 2007) The rewards  motivate the Year 5 students t o study hard in order to get a better result in NAPLAN. James’s role According to managerial competency framework by Quinn, several roles from the framework are selected for James in the application of this case. James is a director, he has to develop a vision and set a clear goal and objectives for his teachers moreover he has to organize and design the whole plan to achieve the goal (Quinn et al 2003). Secondly, James is a mentor, he has to communicate effectively and share his knowledge of NAPLAN with Richard to develop his ability in teaching Year 5 students (Quinn et al 2003). James has to think creatively as he may have to draft new teaching strategies with Richard therefore he has to live and mange the change and his role in this process is innovator (Quinn et al 2003). James is also a co-coordinator, new ideas may suggested by Richard and James has to manage the projects and across the functions to ensure the Richard’s works can run smoothly (Quinn et al 2003).Finally, James is a monitor, performances of students should be reviewed regu larly to keep the process on track while teaching styles should be monitored, for example, James can be a guest teacher in Richard’s class to see how the class runs and provides feedback to Richard (Quinn et al 2003, Mitchell, Ortiz, and Mitchell 1987). Feedback drives performance and motivation therefore feedback should be given frequently, James is able to check the progress of the goal while Richard is able to improve his limitations or retain his advantages (Latham 2007). Unintended consequences  Harder goals drive performance therefore James may set a harder goal for Richard and his year 5 students to achieve (Latham 2007). A harder goal is associated higher risk which may lead to worse performance compare to lower goals, for instance, a harsher teaching style is adopted by Richard but students may face extra pressure and lost their motivation in learning (Latham 2007). Secondly, goal conflicts may happen, such as, the school’s goal is vary from Richard’s individual goal which reduce the motivation and worsen the performance (Latham 2007). In order to reach the goal, James has to co-ordinate with other teachers with the class arrangement, this may lead to disagreement about the decision and conflicts between colleagues may result. With the new class arrangement, other classes need to adopt a new  teacher or teaching style; it influences the academic results and motivation. Others teachers also need to cope with the new goal and assi st Richard and principal in some points yet they do not get any reward, it leads to the problem of unfairness and inequality. Conclusion To conclude, goal and task are strongly linked and dimension of goal is divided into content and intensity. A successful goal should be set according to S.M.A.R.T. After evaluation, Richard is chosen as the teacher. James could motive Richard and students by financial and non financial rewards. Within the process, James has multiple roles as mention before to ensure the goal is achieved. However, unexpected results may happen therefore James should consider more theories application solve the problem and achieve synergy. Reference list Armstrong, M. and Murlis, H. 2007, Reward Management: A Handbook of Remuneration Strategy and Practice, 5th ed., Kogan Page Publishers, U.K. Bailey, K. 2006, Language Teacher Supervision: A case Based Approach, Cambridge University Press, U.K. Campbell, J., Kyriakides, L., Nuijis, D. and Robinson, W. 2012, Assessing Teacher Effectiveness: Different Models, Routledge, Canada. Latham, G. 2007, Work Motivation. History.Theory.Research and Practice, Thousand Oaks, U.K. Locke, E. 1996, ‘Motivation through conscious goal setting’, Applied and Preventative Psychology, vol.5, pp. 117-124. Locke, E. and Latham, G. 1990, A theory of Goal setting and Task Performance, Prentice Hall, New Jersey. Mitchell, D., Ortiz, F. and Mitchell, T. 1987, Work Orientation and Job Performance: The Cultural Basis of Teaching Rewards and Incentives, Suny Press, U.S.A. Robin, G. 2012, Praise, Motivation, and the Child, Routledge, U.S.A. Rouillard,L. 2003, Goals and Goal Setting: Achieving Measured Ob jectives, 3rd ed., Cengage Learning, U.S.A. Snell, S. and Bohlander,G. 2012, Managing Human Resources, Cengage Learning, U.S.A. Stronge, J. and Hindman, J. 2006, The Teacher Quality Index: A Protocol for Teacher Selection, ASCD, U.S.A. Quinn, R.E., Faerman,S.R., Thompson,M.P. and McGrath,M. 2003, Becoming a master manager: A competency framework, 3rd ed., Wiley, New York.

The Different Styles of Learning for Students Essay -- essays papers

The Different Styles of Learning for Students Just as in culture differences between colors of skin and the spoken language, people have different styles of learning. In the modern day classroom, children use all different learning styles. Teachers need to learn how to incorporate all the styles in their activities and involve every student so no one is left behind. The purpose of this paper is to identify the different learning styles that are applied to factors that effect learning. There are six main factors that have an affect or impediment on learning. They are brain processes, social factors, environmental factors, senses, physical needs, and emotional attitudes. (Creative Learning 1997) How students process within their brain is key on the learning style that would be most effective for them. The way a brain processes had either 2 ways to do it, left brain or right brain. The right brain is a person who thinks of a whole picture. As compared to a left brain thinker, who thinks and processes information in parts. Right brain thinkers also process information simultaneously and are impulsive thinkers. They do not weigh the pros and cons of situations as much as left brain thinkers, or reflective thinkers. Social factors play an important role in a students learning. The way a student learns is dependent on the number of people that are involved teaching, or the number of peers that are also learning. In a large group setting such as a lecture hall with 100-200 people, a person has to be attentive and pay close attention. There is less one on one contact with the professor because he can’t reach all of the students. Usually in a larger setting like this there is more group work. In a smaller setting, s... ...ions and expressions to judge and comprehend the information, and thus form new ideas from that information. The fourth and final general style is the same as one of the multiple intelligences. It is the interpersonal style of learning. They work well in groups and helping others out due to their normally stable understanding of the information within themselves. Each of the four general styles of learning covers the eight styles displayed in Howard Gardner’s theory of Multiple Intelligences. Even today, psychologists still find different ways to better identify how the students learn best and which method should be used. Just as technology, the information is getting better as we evolve. Through the eight different learning styles, people can better understand how to teach and how to shine in their best light, creating a more productive environment.

Phoniness and Innocence in The Catcher in the Rye Essay

There comes a time when everybody has to say good-bye to their teenage years and become an adult. The carefree childhood will be challenged by strains and expectations. Those unwilling to face them are doomed to fail. Holden Caulfield, the 16-year-old protagonist of J.D. Salinger’s novel The Catcher in the Rye, is one of the adolescents who question the attraction of being an adult. Shortly before Christmas vacation, Holden has been expelled from an elite prep school in Pennsylvania. Disinclined to stay at the school any longer or return home, Holden decides to spend a few days in New York City. During his tour, he meets different people that he calls â€Å"phonies†. The frequent use of the word has a deeper meaning than it might appear at first look. Holden’s obsession with phoniness demonstrates his conflict with the hypocritical adult world. The word â€Å"phony† has a unique meaning for Holden. He uses it to describe people that pretend to be someone else in order to feel superior. They lie to themselves and to others. This deception does not always happen consciously. For example, the first so-called phony that Holden mentions is Mr. Ossenburger, who made a lot of money by burying people with cheap funerals. He says that this man â€Å"came up to school in this big goddam Cadillac, and we all had to stand up in the grandstand and give him a locomotive – that’s a cheer† (16). Holden calls him a phony because Ossenburger talks about integrity and praying to Jesus in his speech to the students while he takes advantage of mourning families. Furthermore, the school is phony because they welcomed him and named a dorm after him only because he gave the school money. This hypocrisy bothers Holden very much. Whether it is a stereotype presented in a movie, or the expression â€Å"grand†, he cl assifies them into the category â€Å"phony†. Holden’s hatred towards phoniness is closely connected with his protecting nature. In his mind, phoniness is an element of adulthood. Being an adult means being forced to face problems and make compromises. Grown-ups need to hide their weaknesses in order to survive. Therefore, growing up inevitably means being phony. Opposite to that, children do not have to act a certain way to achieve something. Consequently, innocence is the opposite of phoniness, and growing up means to lose your innocence and become phony. Thus, Holden wants to protect the innocence and purity of young children, hoping that they would never be confronted with the ugliness of the adult world. This protective instinct leads to an admiration and idealization of children, especially his younger sister Phoebe and his dead brother Allie. Holden wants to be the catcher in the rye, someone who catches children that fall over the edge of an imaginary field of rye down the cliff into the corrupt adulthood. When he sees â€Å"fuck you† written on the walls in his sister’s school and in the museum, he tries to erase it but eventually realizes that he can’t erase all the curses in the world. Children will always, at some point, be confronted with sexuality. This pessimistic view of the world affects him in a harmful way that ultimately leads to his breakdown. Holden sees the world in black and white. Some people are phony, others are not. However, he fears that he is slowly becoming a phony himself. â€Å"I’m the most terrific liar you ever saw† (9), he admits. Alone his judgemental remarks show how confused and insecure he is. On one hand, he tries to act experienced and mature when talking to adults, but on the other hand, he desperately tries to maintain the innocence of himself and others. He tries to protect himself by using a cynical voice throughout the novel, but this only keeps him alienated from his environment. With every disappointment, his denial grows, and a mental breakdown is unavoidable. He walks around in New York, screaming out his dead brother’s name. Only Phoebe, his younger sister, can show him his real situation and keep him from escaping reality and becoming mad. Still, he ends up in a mental institution in California. Holden struggles between the phoniness of adulthood and the innocence of childhood. He is trapped between the two worlds. His refusal to grow up keeps him isolated. His former English teacher, Mr Antollini, advises him to start applying himself in the next school. He tells him that Wilhelm Stekel once said, â€Å"The mark of the immature man is that he wants to die nobly for a cause, while the mark of the mature man is that he wants to live humbly for one† (). Finally, Holden understands that giving up isn’t the solution to his problem, and he indicates that he might try harder in the future. Maybe Holden isn’t so much of an outsider after all.

Buy a Funeral House. Management Case scenario

When one wants to buy a house, several investigations are done in order to ensure that the right type of house has been selected. The same thing is done when looking to purchase a funeral home. LaMarco comments that one must choose between building a funeral home from the start or a desire to purchase an existing funeral home. This paper aims at establishing why listing the elements one should evaluate before making a funeral home purchase is vital to the decision making process. LaMarco provides various instructions one should follow when one wants to start a funeral home:†¢ A choice should be made on whether to build one from the start or buy an existing one. Purchasing a new one is clearly the easier choice though one should his own if he prefers custom made attributes. †¢ One should also be educated on the fundamentals of conducting a funeral home such as embalming, transportation of bodies and the coordination of a funeral service. †¢ Certification is necessary an d therefore the Funeral Service National Board Examination (NBE) must be taken in order for one to become a licensed funeral director.†¢ Development of a business plan should be a priority since one requires a detailed and complete plan that is designed to get money from investors and enable the individual to establish the business. †¢ A lawyer with experience in the business of funeral homes should be enlisted for the purpose of obtaining the appropriate legal papers such as legal contracts that the future clients will need to sign. However, the selection of the lawyers should be conducted through interviews to determine their competence. Nichole offers several steps required in order to buy a house.They are stated as follows: †¢ One needs to check if he is able to afford the house. Among the factors to be considered, one needs to evaluate how much he can manage to pay for the house, the amount to be paid monthly, how much money will be needed up front and if one is ready to purchase the house. The best way proposed to learn the conditions of buying a house that is getting a pre-approved loan. †¢ Investing in property with growing value is a proposed choice. Some examples are provided whereby a potential buyer who is looking for a house that does not require any repairs or maintenance.†¢ One also needs to check on the amount of credit one has since this is more important than money that has been saved up for a first installment. The emergence of funeral homes all over the world has led to the creation of a social space that facilitates the preparation, display, and communication with the departed in a new way. When it comes purchasing a funeral home, one has to consider several factors based on research of already operating funeral homes. (Kiplinger's Personal Finance 70). For instance: 1. Find out by conducting research what buying a funeral home involves: This is not so difficult to do.One can easily look for information in pamphlet s or books which are readily available on both outdoor and indoor project. One can also check for more information in the libraries, building supplies, or bookstores. In addition to getting information from reading sources like books, one can also go ahead and talk to people already experienced in the business of funeral homes. Here one is guaranteed of first hand information. 2. Invest in a plan: What kind o f a home do you want to buy in terms of size, location, and price?One may opt to build his or her plan from a plan that is already published, but turns out to be what one wants, or one can alternatively borrow ideas from plans that have already been published. 3. Compare different the prices: There can be variation of prices depending on the location of the place and at the same time prices can vary at different seasons. If there happens to be emerge a difference between you and the seller, consider first whether the risk of putting up that particular funeral home in that locat ion is worth the risk, the make the final decision of whether or not you are to go ahead with the purchase or not.

Preparing Your Family History Book for Publication

Preparing Your Family History Book for Publication After years of carefully researching and assembling a family history, many genealogists find that they want to make their work available to others. Family history means a lot more when its shared. Whether you want to print a few copies for family members or sell your book to the public-at-large, todays technology makes self-publishing a fairly easy process. How Much Will It Cost? To estimate publishing costs, you will need to consult with local quick-copy centers or book printers. Obtain bids for the publishing job from at least three companies since prices vary greatly. Before you can ask a printer to bid on your project, however, you need to know three vital facts about your manuscript: Exactly how many pages are in your manuscript. You should take the finished manuscript with you, including mock-ups of picture pages, introductory pages, and appendixes.Approximately how many books you want to be printed. If you want to print under 200 copies, expect most book publishers to turn you down and send you to a quick-copy center. Most commercial printers prefer a run of at least 500 books. There are a few short-run and print-on-demand publishers who specialize in family histories, however, who are able to print in quantities as small as a single book.What kind of book features you want. Think about the paper type/quality, print size and style, number of photos, and binding. All of these will factor into the cost of printing your book. Spend some time browsing through family histories at the library to get some ideas on what you want before heading to the printers. Design Considerations LayoutThe layout should be appealing to the readers eye. For example, small print across the entire width of a page is too hard for the normal eye to read comfortably. Use a larger typeface and normal margin widths, or prepare your final text in two columns. You can align your text on both sides (justify) or only on the left side as in this book. The title page and table of contents are always on the right-hand page - never on the left. In most professional books, chapters also start on the right page. Printing Tip: Use high-quality 60 lb. acid-paper paper for copying or printing your family history book. Standard paper will discolor and become brittle within fifty years, and 20 lb. paper is too thin to print on both sides of the page. No matter how you space the text on the page, if you plan to do double-sided copying, be sure that the binding edge on each page is 1/4 inch wider than the outside edge. That means the left margin of the front of the page will be indented 1/4 extra, and the text on its flip side will have that extra indentation from the right margin. That way, when you hold the page up to the light, the blocks of text on both sides of the page match up with one another. PhotographsBe generous with photographs. People usually look at photographs in books before they read a word. Black-and-white pictures copy better than color ones and are a lot cheaper to copy as well. Photographs can be scattered throughout the text, or put in a picture section in the middle or back of the book. If scattered, however, photos should be used to illustrate the narration, not detract from it. Too many photos scattered haphazardly through the text can distract your readers, causing them to lose interest in the narration. If youre creating a digital version of your manuscript, be sure to scan the pictures at least at 300 dpi. Balance your selection of pictures to give equitable coverage to each family. Also, be sure you include short but adequate captions that identify each picture - people, place, and approximate date. If you don’t have the software, skills, or interest in doing it yourself, printers can scan your photos into digital format, and enlarge, reduce, and crop them to fit your layout. If you have a lot of pictures, this will add quite a bit to the cost of your book. Binding Options Printing or Publishing the Book Some publishers will print hard-bound family histories with no minimum order, but this usually increases the price per book. The advantage to this option is that family members can order their own copies when they wish, and you arent faced with purchasing books and storing them yourself.

Henry Ford basic princples essays

Henry Ford basic princples essays Henry Ford operated in a time when our country was going through massive changes. The progressive era was in full swing and the industrial revolution had come to an end. With the progressive era came the idea for bigger, larger, better. Steel, railroad, and oil companies were becoming very large, and because of this many people were gaining unimaginable wealth. As some Americans were becoming richer, others were becoming poorer. This was the era, or macro environment, in which Henry Ford created the Ford Motor Company. Although people were becoming richer, and many people pushed Ford to create a line of cars for the wealthy, he had other ideas. Fords vision was to make a car in such a way and with such low cost that the men who made the cars would be able to buy one themselves. Fords mission though was not to make a cheap car, but to make one that was reasonably priced, reliable and efficient. Ford defied what other car companies were doing and what his investors pushed him to do. He created a low cost, efficient car, which was reliable. In order to create a low cost, reliable, efficient car Ford had to completely change the common used business strategies. Ford needed to create the first assembly line process for creating cars. This process gave Ford the ability to create the cars much faster then his competitors, and at a much lower cost. The assembly line put one person in one spot the entire day, doing one job. This didnt require much skill or knowledge, but put all together, created a car. As a result of this type of manufacturing process each person relied on another to complete their jobs. This caused for a very organistic work environment, with not many rules in place, as each person had a specific job to do. There was not much teamwork in this type of manufacturing process, as each person had a specific job and did not interfere with anothers job, unless the process was done incorrectly. ...

Grammatical Case in English

Grammatical Case in English Grammatical Case in English Grammatical Case in English By Maeve Maddox Old English had five cases: nominative, accusative, genitive, dative, and instrumental. Modern English has three cases: 1. Nominative (also called subjective) 2. Accusative (also called objective) 3. Genitive (also called possessive) The objective case subsumes the old dative and instrumental cases. Case refers to the relation that one word has to another in a sentence, i.e., where one word â€Å"falls† in relationship to another. The word comes from a Latin word meaning â€Å"falling, fall.† In other modern languages, adjectives have case, but in English, case applies only to nouns and pronouns. Nominative/Subjective Case When a noun is used as a) the subject of a verb or b) the complement of a being verb, it is said to be in the subjective or nominative case. The king laughed heartily. King is a noun in the subjective case because it is the subject of the verb laughed. The king is the son of Eleanor of Aquitaine. Son is a noun in the subjective case because it is the complement of the being verb is. Accusative/Objective Case When a noun is used as the object of a verb or the object of a preposition, it is said to be in the objective or accusative case. The king subdued his enemies. Enemies is a noun in the objective case because it receives the action of the transitive verb subdued; it is the direct object of subdued. The friends went to a movie. Movie is a noun in the objective case because it is the object of the preposition to. Sallie wrote Charlie a letter. Charlie is a noun in the objective case because it is the indirect object of the verb wrote. A transitive verb always has a direct object; sometimes, it will have a second object called the â€Å"indirect object.† In the old terminology, the indirect object was said to be in the â€Å"dative case.† Nowadays, the indirect object, like the direct object, is said to be in the accusative or objective case Note: Some English teachers may still distinguish (as I once did) between the accusative and the dative, but the most recent college English textbook I have, (copyright 2000), does not even list the term â€Å"dative† in its index. As nouns and pronouns in the dative case are spelled the same as those in the objective case, there’s no practical reason to retain the former designation. Genitive/Possessive Case Of the three noun cases, only the possessive case is inflected (changes the way it is spelled). Nouns in the possessive case are inflected by the addition of an apostrophe–with or without adding an â€Å"s.† The boy’s shoe is untied. Boy’s is a singular noun in the possessive case. The boys’ shoes are untied. Boys’ is a plural noun in the possessive case. This one inflected noun case is the source of error for a great many native English speakers. English pronouns are also a frequent source of error because they retain inflected forms to show subjective and objective case: Pronouns in the subjective case: I, he, she, we, they, who Pronouns in the objective case: me, him, her, us, them, whom The pronouns you and it have the same form in both subjective and objective case. Note: Strictly speaking, both my and mine and the other possessive forms are genitive pronoun forms, but students who have been taught that pronouns stand for nouns are spared unnecessary confusion when the teacher reserves the term â€Å"possessive pronoun† for words that actually do stand for nouns, like mine and theirs. Like adjectives, my, its, our, etc. stand in front of nouns, so it makes sense to call them â€Å"possessive adjectives.† The objective form whom is almost gone from modern speech; the subjective form who has taken over in the objective case for many speakers. Related posts: Transitive Verbs The Principles of Possessives Beware of ‘Whom’ Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar 101 category, check our popular posts, or choose a related post below:12 Greek Words You Should KnowAcronym vs. InitialismMay Have vs. Might Have

The Christian Tradition Essay Example | Topics and Well Written Essays - 750 words

The Christian Tradition - Essay Example Christian views are still considered to be the most widespread in the world. These are views about the one God in the Universe which are represented in three forms: God the father, God the son and God the holy spirit. The God created the Earth and people, he was working for six days and had rest on the seventh. Adam and Eve were the first people and they lost the heaven. Christians tend to believe that their religion explains the origin of the world in a best way. Thus, many people have been sharing the Christian views. However, globalization made Christians face new problems. . Christian churches in Europe currently exist in new situation of religious pluralism. At the same time religious pluralism became one of the main causes of crisis in the traditional churches of Europe. The process of globalization does not allow any society to exist in complete cultural isolation. Every person has an access to any religious knowledge and the infinite majority of religious systems. Besides, pluralism turns out from the objective reality to ideology that rejects the possibility of making any exact declarations about the truth and universal values. Thus, modern pluralistic situation is a serious challenge for Christianity. Christians need to define how to communicate in the pluralistic society and the representatives of other religions in the new conditions. The main issues to consider are how Christians should reply to the challenge, how they may argue about the truth in the multireligious society in order to be heard. Christians may consider pluralism to be an ideology, which is full of inner contradictions and mistakes, which does not correspond to the reality of this world anyhow. In other words, pluralism contains fatal inner and outer inconsistency, which makes pluralism untruthful. At the same time people who are predisposed to ideology for some cultural reasons may consider it to be truthful. Many clergymen state that pluralism is just a tribute to fashion,

Optimization of Pore Pressure Prediction for Effective Well Planning Thesis

Optimization of Pore Pressure Prediction for Effective Well Planning - Thesis Example The outcome of this research to reduce the deficiency of knowledge which has been correlated to the well planning and well drilling endeavors which have been previously completed. The latest technologies will be applied in regards to methods and paradigms of the forecasting of the fracture gradient and the forecasting of the pore pressure. The most effective practices in the estimation of pore pressures from the seismic velocity information will be applied. The most effective methods which are used in the industry with regards to the approximation of the formation pressure will be explored.   A great deal of the information which is collected in the discipline of well planning is derived from the well production crews. This thesis will incorporate a data base of information in addition to the information which is derived from a survey of the well production crews in order to validate the hypothesis. The well production crews are the initial source of information from which the cond itions of the wells are derived. This thesis will also incorporate a database of information which is pressure directed from a diverse number of wells with different characteristics. These wells are found in deep water, offshore, swampland and the Niger Delta environment. The data which is collected from the oil well production crews will be applied in order to ascertain the best practices for effective well drilling and maintenance.

Photorealism Essay Example | Topics and Well Written Essays - 250 words

Photorealism - Essay Example Through photorealism, the use of sketches as the primary means of gathering information has been replaced with photography, with the photograph being the subject of the painting. Through this process, photorealism complicates the notion of realism by mixing the together the real and the unreal, making their canvas painting of the image look exactly as if they were made from actual observation. The author takes note of how Eddy, got fascinated by the double layer of information offered by the features of window panes, that of being reflective and at the same time transparent. While it was apparent that any ordinary painter would eliminate the reflective property of the window as being insignificant or worse still confusing in the resulting painting, the author points that Eddy found the apparent confusion as the major intriguing factor, thus worth maintaining in the painting. The resulting artwork also exposes the ability of photography to capture the dizzying amount of information that can, later on, be analyzed for magnificent effects that in the words of the author, some sort of hallucinatory super realism. The author also explores another parallel development to photorealism typical of the works of Duane Hanson, a type of realism based on sculptors. Hanson’s photorealism substituted casting from a live model, thereby molding artworks directly on the body of an individual, as opposed to the substitution of photography for traditional sketching, characterized by modeling in clay, plaster or wax.

None Essay Example | Topics and Well Written Essays - 1250 words

None - Essay Example This would be a step towards identifying any more risks of injury that may be associated with the product. In the report to be presented, I will identify the product and also make an accurate description of it as per the regulations of the commission. In the report, I will make sure that I include the name of the manufacturer as well as the distributors of the product that I have information on while stating the nature and extent of the defect that is in the product. I would also include my name and address in the report even though I will hope that the commission keep this confidential since I would not want to be victimized by the management of the company for reporting about the defect to the commission. The decision to report the defects to the commission would be a difficult one since I would have to surrender the reports without the approval of the directors and from previous experience, the board of directors does not tolerate the employees who present to them their findings on the defect and this might be the same action that is taken against me. Nevertheless, I will approach them with the information prior to making the report to the commission. Regardless of the outcome of the presentation of the information to the directors, I will ensure that they commission gets the report and although this is a difficult decision since am new to the job and there is a possibility that reporting about the defects will lead to my dismissal. I consider the USD 5000 that I am being asked to pay on behalf of Green Move to have the Zero Pedal on the shelves of a Sporting goods store illegal since in my opinion, it is tantamount to a bribe. The store should stock the goods depending on the demand by the customers since if the demand is available and the store is not willing to stock the Zero Pedal, then other stores that are willing bring the product closer to the

U.S. in the New World Order's Affairs Essay Example | Topics and Well Written Essays - 1500 words

U.S. in the New World Order's Affairs - Essay Example The very famous use of the term new world order was in the speech made by President George H. W. Bush Sr. on September 11, 1990. â€Å"The leitmotif of modern American presidential politics is unquestionably an imperial theme, most blatantly expressed in his slogan, The New World Order and for 1991, the pax universalis† ( Tarplay, and Chaitkin 9). The main theme of his presidency is the formation and unification of a solitary and widespread empire that very much reflects the different stages of the Roman kingdom. In his speech, George Bush senior said, â€Å"The war in Iraq is a rare opportunity to move toward an historic period of cooperation. Out of these troubled times...a New World Order can emerge" (National Archives). To add to that, in his September 21, 1992 speech addressed to the United Nations he also urged the nations to develop and train military units as peacekeepers. He added that to be able to achieve this goal, each nation should work, train together and have coordinated efforts. These efforts refer to having a centralized command, control and operations on all aspects of any operation and communication. Through G.H.W Bush’s speech the Commission on Global Governance was created by the United Nations. Through this organization, a controversial report, Our Global Neighbourhood, was brought out in 1995. The report states reforms that will give the United Nations absolute power. It was also predicted in the report that there would be a world court, a unified tax system and a global police force. In short, world leaders are calling for a one world government. These were greatly criticized by many people but also, many people are unaware of these facts. Amazingly, after a decade from the George H.W. Bush speech, the United States was attacked on September 11, 2001. Adding to the mystery, it was during the presidency of George Bush senior’s son, George W. Bush, that the attacks accord. To many people, this is the continuation of the goal to establish a new world order by world leaders. Aside from the political aspects of the new world order, economy is also put into focus. This includes the control of oil, an international currency which would replace the US dollar. Moreover, there would be a world development fund that would provide equal finances to communist and free nations. This is where the World Bank and the Bank of International Settlements come into play. Some say that the global monetary crisis we are experiencing now is intended to institute a worldwide debt-based currency organized by global investors and distributed to individuals alongside biometric identification cards. Religion is another factor that is included in this new world order. It has an aim of introducing a new world religion. Some would postulate that the establishment of the World Council of Churches and the Parliament World Religions is to gain control of the world’s religion. Consequently, Barack Obama has been popularly linked to a new world order as well. Authors suggest that his administration has been building an international order. This is through empowering certain institutions and connections across the globe. If the Bush administration was assessed through the infamous Gulf War, the Libyan War functioned as an assessment of Obama’s governance. â€Å"The current dangerous situation in Libya has become a serious test for the international community’s resolve and credibility, especially in the context

Effects of Taxation on Macro & Micro economics Term Paper

Effects of Taxation on Macro & Micro economics - Term Paper Example Adam Smith, the famous father of economics was behind the classification of economics. This term paper seeks to evaluate the effect of taxation on both the Macro & Micro economics. Taxation is a key facet in any economy as suggested by Adam Smith in his work on Canons of Taxation .The paper also suggests the areas of further study, in which researchers and other scholars are invited to work on. The Overall the study of economic environment is divided into two halves, microeconomics and macroeconomics. The "Micro" originated from a Greek word. The word means small. Microeconomics entails the study of individual economic units. It is concern with particular individual elements in the economy. It thus gives a worm’s eye view of the economy."Macro" originated from Greek word whose meaning is large. Macroeconomics entails the study of global perspective of the economy. It combines the national or international economy concepts of economy e.g. Total Output, Income and Expenditure, U nemployment, Inflation Interest Rates and Balance of International Trade, etc and what economic policies a government can pursue to influence the conditions of the national economy. It thus gives a bird's eye-view of the economy (Gupta 409) This term paper will focus on taxation as a factor that affects both micro and macro-economic fields. The overall function of taxation is to provide funds to finance the activities of government and can be discussed in the following terms: First, Tax revenue is required to pay for goods and services which government provides: These could be public such as defence or merit goods such as education and medical services respectively. Second, a major function of taxation is to bring about some redistribution of income of income – progressive tax system. Third, Tax revenue may be used to pay interest on national debt. Fourth, Taxation may be used as a fiscal policy instrument to influence full employment levels. Fifth, Social welfare function: i s the use of tax to discourage the production of harmful commodities. Sixth,-Protection policy Function. The Seventh function is the economic stability goal by discouraging unnecessary expenditure (Marshall 87). Adam Smith was the first economist to study the principles of taxation and how they affect the economic environment. Adam Smith came up with principles of taxation; these are equity, certainty, economy and convenience. He came to believe that when a tax is imposed certain conditions must be fulfilled. These conditions are what he called canons of taxation (Marshall 324).These are: The Canon of Equity: This refers to the fairness of a tax system. It’s borne out of the feeling that â€Å"the states’ subjects should support the government in a proportionate way in regard to the revenue they derive’’ (Marshall 324). This means that every person should pay the tax based on the ability; they don t pay the amount. There are three approaches of achieving equity, namely: The Benefit Principle; under this approach, benefits derived from the consumption of goods and services are used as the basis for taxation. Thus people should be taxed according to the benefits they derive from the consumption of public goods. The disadvantage here is to determine the benefits and expenditure of each tax payer. First, The ability to pay: Here the argument is that citizens of a given country are differently endowed in wealth and earnings. Besides the government cannot raise enough funds to finance public expenditure if each and everyone was asked to pay the same amount of tax. So ability to pay should be the basis for taxation because the tax burden is distributed equitably. However, ability to pay is very difficult to effect because of

U.S. in the New World Order's Affairs Essay Example | Topics and Well Written Essays - 1500 words

U.S. in the New World Order's Affairs - Essay Example The very famous use of the term new world order was in the speech made by President George H. W. Bush Sr. on September 11, 1990. â€Å"The leitmotif of modern American presidential politics is unquestionably an imperial theme, most blatantly expressed in his slogan, The New World Order and for 1991, the pax universalis† ( Tarplay, and Chaitkin 9). The main theme of his presidency is the formation and unification of a solitary and widespread empire that very much reflects the different stages of the Roman kingdom. In his speech, George Bush senior said, â€Å"The war in Iraq is a rare opportunity to move toward an historic period of cooperation. Out of these troubled times...a New World Order can emerge" (National Archives). To add to that, in his September 21, 1992 speech addressed to the United Nations he also urged the nations to develop and train military units as peacekeepers. He added that to be able to achieve this goal, each nation should work, train together and have coordinated efforts. These efforts refer to having a centralized command, control and operations on all aspects of any operation and communication. Through G.H.W Bush’s speech the Commission on Global Governance was created by the United Nations. Through this organization, a controversial report, Our Global Neighbourhood, was brought out in 1995. The report states reforms that will give the United Nations absolute power. It was also predicted in the report that there would be a world court, a unified tax system and a global police force. In short, world leaders are calling for a one world government. These were greatly criticized by many people but also, many people are unaware of these facts. Amazingly, after a decade from the George H.W. Bush speech, the United States was attacked on September 11, 2001. Adding to the mystery, it was during the presidency of George Bush senior’s son, George W. Bush, that the attacks accord. To many people, this is the continuation of the goal to establish a new world order by world leaders. Aside from the political aspects of the new world order, economy is also put into focus. This includes the control of oil, an international currency which would replace the US dollar. Moreover, there would be a world development fund that would provide equal finances to communist and free nations. This is where the World Bank and the Bank of International Settlements come into play. Some say that the global monetary crisis we are experiencing now is intended to institute a worldwide debt-based currency organized by global investors and distributed to individuals alongside biometric identification cards. Religion is another factor that is included in this new world order. It has an aim of introducing a new world religion. Some would postulate that the establishment of the World Council of Churches and the Parliament World Religions is to gain control of the world’s religion. Consequently, Barack Obama has been popularly linked to a new world order as well. Authors suggest that his administration has been building an international order. This is through empowering certain institutions and connections across the globe. If the Bush administration was assessed through the infamous Gulf War, the Libyan War functioned as an assessment of Obama’s governance. â€Å"The current dangerous situation in Libya has become a serious test for the international community’s resolve and credibility, especially in the context

F-14 Plane SHip and Missile Essay Example | Topics and Well Written Essays - 1750 words

F-14 Plane SHip and Missile - Essay Example These planes are so huge that just one carrier has more air power than most other nations. Engineering advancements in aviation allowed the F-14 Tomcat to reach record speeds and have greater combat range, while using an extreme payload of missiles, than other U.S. aircraft. Installing a Phoenix AN-54 long range missile to the Tomcat’s onboard radar further utilized this highly adaptable platform. There was no greater employment of naval superiority than during the first Gulf War (1990-1991). From 1974 to the present, the combination of planes, ships, and long range missiles gave the U.S. the most powerful naval aviation industry in the world. Although naval aviation was developed by the U.S, it has taken a long time to become an integral part of the defensive strategies of U.S. In 1910, the U.S. Navy conducted a demonstration from a cruiser, the USS Birmingham (CL-2), and launched the Curtiss 1991 Model D aircraft from the deck. Though the ship was at anchor, â€Å"Eugene El y coaxes his Curtiss biplane from the ship†¦actually brushed the water before Ely gained altitude† (Reynolds 7). After this historic two minute flight, Ely would also go on to complete a carrier landing at sea two months after. This was an extreme test of man and machine. The landing was â€Å"made possible by ingenious arresting gear-ropes stretched between sandbags that slowed and stopped the plane† (Reynolds 7). ... The Chance Vought F4U Corsair was flown after 1942 and maintained combat superiority in the Pacific Theater of Operations. This U.S. Navy fighter bomber utilized America’s naval aviation advantage over the Japanese from mid-1943 until the end of the war. Flown by both the U.S. Navy and the U.S. Marine Corps, squadrons were â€Å"quickly trained to operate their F4U Corsairs from a flight deck and assigned to fast carriers† (Remolds 159). This numerical advantage was further exploited by the quality of trained pilots and their ability to alter their battle plans in theater. Thus, the division of labor by the carriers and the subsequent rotation of experienced pilots proved too much for the Japanese military. A television show, The Black Sheep Squadron, depicted this segment of the war in the Solomon Islands, which is located in the South Pacific. Gregory "Pappy" Boyington, a character portrayed in the show, commanded the squadron, which was nicknamed â€Å"Boyingtonâ₠¬â„¢s Bastards.† Boyington received the Medal of Honor from President Roosevelt for his leadership along with an accredited â€Å"26 Japanese aircraft kills† (Geranios 2). This ingenuity, skill, and experience were evident throughout WWII, which ended with the use of the atomic bomb. During the Vietnam War conflict, the McDonald Douglas F-4 Phantom became the jet powered workhorse with its superior speed as a fighter-bomber. It was used by both the U.S. Navy and the newly formed U.S. Air Force. The F-4 was very successful and remained operational until the conclusion of the first Gulf War. This two seat fighter-bomber, with atop speed of 1,500 miles per hour, achieved numerous land speed records and provided a stable platform for new, emerging electronics.

Additional Duties of Phlebotomist Essay Example for Free

Additional Duties of Phlebotomist Essay -Urine specimen obtained after a thorough cleansing of the glans penis (males) and the labia and urethral meatus (females). -Following the cleansing procedure, the patient passes the first portion of urine into the toilet, stops and collects the mid-portion in the specimen container. -This provides a sample that is less contaminated by epithelial cells and bacteria (normal flora). Methods of Urine Collection See more: Is the Importance of being earnest a satirical play essay CATHETERIZED SPECIMEN -Specimen of choice for patient suffering from urinary retention. (Patient cannot void voluntarily) -The specimen is collected under sterile conditions by passing the catheter through the urethra into the bladder. -The specimen is used for BACTERIAL CULTURE. -If routine urinalysis is requested, culture should be performed first to prevent contamination. SUPRAPUBIC ASPIRATION -Involves urine collection directly from the bladder by puncturing the abdominal wall and the bladder using a needle syringe. -Since the bladder is normally sterile, it is primarily used for bacterial cultures and for infants to whom contamination is unavoidable. -The only specimen acceptable for both aerobic and anaerobic urine culture. -Can be used for cytological analysis of urine Urine Culture -Samples collected by MSCC, Catheterized Suprapubic aspiration can be used for AEROBIC CULTURE. -The only urine collection method acceptable for ANAEROBIC CULTURE is SUPRAPUBIC ASPIRATION. -COMMERCIALLY available plastic urine collection bags with hypoallergenic skin adhesive. -Also referred as wee bag. Uses chain of custody (COC) which refers to the process that provides documentation of proper sample identification from the time of collection to the receipt of laboratory results. The COC is a standardized form that must document and accompany every step of drug testing, from collector to courier to laboratory to medical review officer to employer. DRUG SPECIMEN COLLECTION -Required volume of urine 30-45 ml -The urine temperature must be taken within 4 minutes from the time of collection to confirm the specimen has not been adulterated. -The temperature should read within the range of 32.5C to 37.7C. -Recollection of a second specimen as soon as possible will be necessary in the following cases: Urine temperature outside the recommended range

Differences Between Greek And Roman Gods Theology Religion Essay

Differences Between Greek And Roman Gods Theology Religion Essay From ancient times different societies have worshiped gods, believing in their power and being afraid of their fury. People have prayed and made sacrifices in order to achieve the gods mercy and generosity. They believed that, if the gods are in good mood, they will provide people with good weather conditions for growing crops  [1]  . Moreover, people needed explanations for different natural phenomena, such as rain, drought, lightning, thunder and earthquake. So, ancient people believed that these natural phenomena are caused by the gods  [2]  . A good example of such societies could be ancient Greeks and Romans. Ancient Greeks and Romans existed in the middle ages. This essay will describe main gods and goddesses of ancient Greek and Roman societies. It will also look at main similarities and differences between the gods and goddesses of theses societies. Investigation To begin with, there are a lot of similarities between Greek and Roman gods, because Roman religion was based on Greek religion. The Greek mythology was founded about a millennium before the Roman. Romans founded their religion on the basis of the Greek religion.  [3]  So, Greek and Roman religions are similar, because both of them are polytheistic religions.  [4]  Polytheism is belief in, or worship of, multiple gods or divinities.  [5]  There were more than thirty gods in each of these cultures. Furthermore, Greeks and Romans had almost the same gods, despite differences in their names. As an example, both cultures had the god of sea, the goddess of love, the god of war, the god of wine and the goddess of wisdom.  [6]  Importantly, there was a chief god, who was the king of all gods, in both Greek and Roman societies. In Greek mythology the king of gods is known as Zeus, whereas Romans call the king of gods Jupiter.  [7]  There is also a queen of gods in Greek and Roman mythologies. Greeks call the queen Hera, whereas Romans queen of gods is Juno.  [8]   Finally, both ancient societies have twelve main gods and goddesses. In Greek mythology they are known as the Twelve Olympians.  [9]  They are Zeus, Poseidon, Aid, Ares, Apollo, Hermes, Hephaestus, Hera, Athena, Aphrodite, Artemis, and Dionysus. Greeks call these twelve main gods and goddesses as follows: Jupiter, Neptune, Pluton, Mars, Feb, Mercury, Volcano, Juno, Minerva, Venus, Diana, and Bacchus.  [10]  Actually, they are the same gods and goddesses with same powers, but with different names. Even though the Roman religion is based on the Greek religion, there are number of differences between gods of these societies. Romans have not just adopted their religion from Greeks. They have also changed their religion according to their culture.  [11]  So, if you read about Rome and Greek gods and goddesses, you will see differences in their names. Romans gave their gods names that are different from names of Greek gods. Thus, there are only few Greek and Roman gods and goddesses that have similar names. Usually Roman gods and goddesses have names of planets of the sun system, such as Jupiter, Mercury, Neptune and Mars. In contrast, Greek gods and goddesses have their own names, such as Zeus, Hermes, Ares and Hera.  [12]  For example, the goddess of love is Venus in Roman mythology and Aphrodite in Greek mythology. Romans call the god of war Mars, while Greeks call Ares. The god of sea is called Neptune in Roman mythology and Poseidon in Greek mythology.  [13]   Furthermore, if you read about Roman and Greek gods, you will notice differences in characters of gods and goddesses. Gods and goddesses usually have characters similar to people that believe and pray to them, because people think up their gods themselves.  [14]  Ancient Greeks were polite and creative. They held creativity above physical works in the mortal and mythical world.  [15]  Greeks were also interested in poetry. In contrast, Romans were more focused on actions rather than on words. They valued bravery and courage.  [16]  So, Roman gods and goddesses are more military and aggressive, whereas Greek gods and goddesses are more cultural and polite. Finally, when you look at pictures of Greek and Roman gods or goddesses, you will see differences in their clothes and physical appearance. Ancient Greeks highly valued creativity and beauty. So, Greek gods and goddesses were usually given a beautiful and perfect physical appearance.  [17]  They were dressed into white and light cloth. By contrast, Romans were more focused on warfare and valued bravery. So, Rome gods and goddesses had military clothes. Romans did not pay much attention on physical appearance of gods and goddess.  [18]   Conclusion In conclusion, by comparing Greek and Roman gods, you can see both similarities and differences between gods of the two ancient societies. Greek and Roman religions are similar, because the Roman mythology was founded based on the Greek. Religions of both ancient societies are polytheistic religions. Moreover, both cultures have almost the same gods with the same powers. Finally, there are twelve main gods, known as the Twelve Olympians, in both cultures. However, Greek and Roman gods also differ from each other, because Romans have changed their religion according to their own culture. So, Roman and Greek gods had different names. Furthermore, there is a difference in characters of Greek and Roman Gods. And finally, Greek and Roman gods had different physical appearances and wore different clothes. Therefore, Greek and Roman gods have similarities as well as having some differences.

the chrysanthemums Essay -- essays research papers

â€Å"The Chrysanthemums† by John Steinbeck   Ã‚  Ã‚  Ã‚  Ã‚  The short story â€Å"The Chrysanthemums† shows how extraordinarily forward thinking the author, John Steinbeck, was in his understanding of the pressures that women dealt with in his time. Through the exploration and illustration of women’s emotions, Steinbeck gives us a view into the struggle of women in the early 20th century to find a place for themselves in society as well as establishing their own sexuality(Charters, 502).   Ã‚  Ã‚  Ã‚  Ã‚  The story starts out with the description of a grey fog over the place where the story is set. The significance of this is to set the mood of the story. It also is a possible representation of how the main character of the story, Elisa Allen, feels about her life. Elisa is first introduced working in the garden planting her flowers, and while doing so looks up to see her husband talking to two men in suits. She later asked him who they were and he said that he sold them some steers and â€Å"got nearly my own price, too†(The Chrysanthemums, 2). This shows the fact that all the business of the family was handled by the man, and that in general women’s inputs were not considered, if they were ever given. However Elisa is by no means a woman who is unable to do things herself, Steinbeck makes a point to mention that â€Å"The chrysanthemum stems seemed too small and easy for her energy†. In the narration and description of Elisa’s garden a nd her chrysanthemums are ...

Character Study Of William Shakespeares Hamlet English Literature Essay

When talking to Polonius ( Excerpt 1 ) , Ophelia about becomes dense. Although she expresses herself, she does so in an highly laden manner. When asked about Hamlets stamps, Ophelia responds by stating that she doesnt know what to believe. This is an unfastened invitation to Polonius to determine her sentiments in any manner possible. Proof of this is in Polonius response: Marry, I ‘ll learn you: believe yourself a babe By stating this, Polonius wants to pull strings Ophelia. A babe is frequently portrayed as guiltless, un-knowing, fleeceable, and easy influenced. Babies besides absorb about anything they are shown or told, and reiterate these things about precisely the manner they were presented. This is precisely how Ophelia is ; she is dumbed down in her relationship with her male parent. She becomes a topic of his, a figure to make his command. This is non the merely relationship where Ophelia is pushed around. Ophelias relationship with Claudius is even worse than her relationship with Polonius. Although Polonius uses Ophelia for aid in his Acts of the Apostless of espionage, Claudius uses Ophelia in even more evil commands, such as messing with Hamlets bosom. In Excerpt 2, Ophelia is in the state of affairs where she must deny Hamlet to see his response. This thought was largely formulated by the King to happen the beginning of Hamlets evident insanity. The male monarch, in an attempt to convey more stableness to his life, wants Hamlet to go stable as good. Because of this, he is willing to give the relationship between Hamlet and Ophelia to heighten his ain state of affairs. Claudius asks Ophelia to return Hamlets letters. Ophelia has no pick by to follow and as a consequence destroys her relationship with Hamlet. The Queens relationship with Ophelia is similar to the Kings relationship with Ophelia. The Queen is in a really commanding relationship ( as seen in Excerpt 2 ) ( Madam I wish it may ) with Ophelia. But, it is for a different ground. The King controls Ophelia as a device to break his ain state of affairs. The Queen utilizations Ophelia to bring out the jobs with Hamlet ( out of echt attention for Hamlet ) . But, the Queen is highly nescient and fails to recognize that her actions are really aching Hamlet more. The most interesting and most cryptic relationship is the connexion between Hamlet and Ophelia. Near the beginning of the drama, Ophelia references to Polonius an act of Hamlets that can be interpreted as confidant ( Just predating Excerpt 1 ) . Hamlet seemingly writes infinite letters to Ophelia during this clip, and it isnt until Ophelia ( non by pick ) returns Hamlets letters that their relationship alterations. Ophelia goes from being in love with Hamlet to feel foring him ( O, what a baronial head is here o'erthrown! ( III.i, 163 ) ) . On the other side, Hamlet is amused by the full experience. He to the full realizes what is traveling on with Ophelia, Claudius, and Polonius and he finds it entertaining. From that point on in the book, Hamlet uses Ophelia as some kind of amusement. BUT, deep down, it is evident that Hamlet is still really much in love with Ophelia. Ophelia has different types of relationships with different characters. The King uses Ophelia for his ain personal addition. Polonius uses Ophelia for aid in his Acts of the Apostless of espionage. The Queen utilizations Ophelia to happen out more about Hamlets issues. And Hamlet uses Ophelia for amusement. But, throughout the book Hamlet remains in love with Ophelia. All of these utilizations for Ophelia make her the biggest tool of Denmark. The motive of moving: Ophelias function Throughout the drama, Ophelia is forced into state of affairss of moving to carry through the command of others. The most prevailing of these state of affairss is where she must return Hamlets letters, a statement that she doesnt want/love him. This function of moving is meant to carry through Claudius, Polonius and the Queens purposes, which fit two other motives in the drama: misrepresentation and espionage. Ophelias moving was merely a portion of the larger programs of misrepresentation and espionage. Although Ophelia had literally no influence in the planning of the misrepresentation and espionage, she helped to transport it out, and is hence merely every bit guilty as the other plotters. Flowers: Ophelias Connection to Flowers OPHELIA There ‘s rosemary, that ‘s for recollection ; pray, love, retrieve: and there is Viola tricolor hortensiss. that ‘s for ideas. Laertess A papers in lunacy, ideas and recollection fitted. OPHELIA There ‘s fennel for you, and aquilegias: there ‘s herb of grace for you ; and here ‘s some for me: we may name it herb-grace O ‘ Lord's daies: O you must have on your herb of grace with a difference. There ‘s a daisy: I would give you some violets, but they withered all when my male parent died: they say he made a good terminal, — ( Sings ) For bonnie sweet Robin is all my joy. ( IV.v, 199-210 ) Ophelia chooses her flowers carefully. In making so she represents each of the characters in their ain manner, uncovering even more who they truly are. Rosemary/Pansies – Laertes: Remembrance of Polonius, maintain the memory of their male parent alive. Fennel Claudius: Obsequiousness of Ophelia, reflects their relationship. Columbine Claudius: Infidelity, non faithful in love for household and others. Rue Queen/Herself: Grief, mourning Daisy Queen: Dishonesty, fraudulence ( Queens headlong matrimony ) Violets Hamlet: Fidelity and truthfulness, Hamlet through his ain prevarications has helped destruct their relationship. This leads me to believe that possibly Ophelia isnt truly insane, possibly shes merely improbably angry and is blinded by her choler. She must hold put an atrocious sum of idea into these flowers, more than any insane individual can take the clip to make. I believe that she merely reached a breakage point ; she no longer wants to be used. The Tool of Denmark has broken. Note: Flower Meanings from hypertext transfer protocol: //aboutflowers.com/flower-a-plant-information-and-photos/meanings-of-flowers.html and hypertext transfer protocol: //www.800florals.com/care/meaning.asp

How Does Technology Influence the Google Generation

Nowadays, with the advancement of technology, our current generation, the so-called â€Å"Google generation†, is being influenced in a negative way. So what is the actual meaning of â€Å"Google generation†? One of the common definitions is that â€Å"The â€Å"Google generation† is a popular phrase that refers to a generation of young people, born after 1993, growing up in a world dominated by the Internet† (Rowlands et al. 292). However, that definition is not definitely precise. Jim Ashling says, â€Å"Everyone is members of the Google generation. All age groups exhibit some Google-generation traits† (22). Thus, the Google generation encompasses not only the young, but also the other generations. Which one creates the Google generation? The answer is technology. Since it is inherent in every area of life, the Google generation is impacted by it, which consists of changing their behaviors, affecting their critical thinking, swaying their reading habit, and making the children digital-age. The internet is currently considered an integral part of the society. It provides both advantages and disadvantages. For one thing, the information literacy of young people has not been improved with the widening access to technology (Rowlands et al. 95). Further, Internet research shows that the speed of young people's web searching means that little time is spent in evaluating information, either for relevance, accuracy or authority (Rowlands et al. 295). This will make them more work-shy. In addition, young people have a poor understanding of their information needs and thus find it difficult to develop effective search strategies (Rowlands et al. 295). As a result, they exhibit a strong preference for expressing themselves in natural language rather than analyzing which key words might be more effective (Rowlands et al. 295). Moreover, young people have unsophisticated mental maps of what the internet is, often failing to appreciate that it is a collection of networked resources from different providers (Rowlands et al. 296). Consequently, the search engine, Yahoo or Google, becomes the primary brands that they associate with the internet (Rowlands et al. 296). Therefore, their ability of evaluating and searching information will principally count on the search tools, and their creativity will be restricted. In the other words, it can be considered a type of artificial literacy. When they receive information of a specific topic, they think that they understand it. However, no one recognizes that information is extracted from technology, especially the internet, not from their authentic perceptions. â€Å"Critical thinking as an attitude is embedded in Western culture. There is a belief that argument is the way to finding truth,† observes Adrian West, research director at the Edward de Bono Foundation U. K. , and a former computer science lecturer at the University of Manchester (Greengard 18). Thereby, critical thinking is very crucial in speculating the information. If one loses that ability, he cannot perceive the entity of issues. Unfortunately, currently rapid development of technology causes their thinking process to be passive. They are not able to think the way which was formerly. In contrast, their present thinking process may be called machinery sense. Greengard states about this issue: Although there is little debate that computer technology complements and often enhances the human mind in the quest to store information and process an ever-growing tangle of bits and bytes, there is increasing concern that the same technology is changing the way we approach complex problems and conundrums, and making it more difficult to really think (18). Additionally, the wealth of communications and information can easily overwhelm our reasoning abilities (Greengard 18). Accordingly, Bugeja concludes â€Å"Without critical thinking, we create trivia† (Greengard 19). Seriously, it is time to take a closer and more serious look at technology and understand the subtleties of how it affects the thinking process. What’s more, their reading habit is one of technology’s considerable victims. According to the National Endowment for the Arts, literary reading declined 10 percentage points from 1982 to 2002 and the rate of decline is accelerating (Greengard 18). That is an authentically alarming statistic. Along with a diversity of information on the internet, their reading habit has been lessened drastically. The reason is that previously, people only collected information through books, which are the chief source. They regularly read almost all pages of a book. Notwithstanding, the technology distraction level is accelerating to the point where thinking deeply is difficult (Greengard 18). They are overwhelmed by a constant barrage of devices and tasks, and increasingly suffer from the Google syndrome (Greengard 18). People accept what they read and believe what they see online is fact when it is not (Greengard 18). Nicholas Carr, a journalist, told that it used to be easy to immerse himself in a book or a lengthy article. Nonetheless, the Net distracted his concentration on reading. He has to struggle against his reading habit that used to come naturally. For more than a decade now, he has been spending most of time online, searching, and surfing on the internet. As a result, the Net seems to chip away his capacity for concentration and contemplation. It is not only Nicholas’s problem, but is ours as well. The authors of the study report say: It is clear that users are not reading online in the traditional sense; indeed there are signs that new forms of â€Å"reading† are emerging as users â€Å"power browse† horizontally through titles, contents pages and abstracts going for quick wins. It almost seems that they go online to avoid reading in the traditional sense. (Carr, par. ) Also, he supposes that the Google generation comes to rely on computers to mediate their understanding of the world; it is their own intelligence that flattens into artificial intelligence (Carr, par. 36). At any rate, they are able to absorb the benefits of reading through the internet and keep the traditional habits because reading is learning and entertaining. The most striking example of the Google generation is the â€Å"digital-age† kids (O’Brien, par. 1). Why are they called â€Å"digital-age†? O’Brien has a 15-year-old son whose study is completely distracted by the technology. She had to keep a deep eye on him whenever he took an exam. She says â€Å"Every time I crossed the threshold, the scene was the same: textbooks remained firmly closed in his bag while the laptop was open on his desk. On the screen was some history/ physics/English document, but also his Facebook and iTunes pages. In his ears were the iPod plugs, playing back a podcast. And sometimes, just to fracture his concentration even further, he might have had a half-played video running on YouTube as well† (O’Brien, par. 3 and 4). She was irritated to keep his son on concentrating. From her problem, she concludes â€Å"He’s a digital native; you’re a digital immigrant† (O’Brien, par. 6). Digital natives and digital immigrants are terms named by the American futurist, Marc Prensky, to distinguish between those who have grown up with technology and those who have adapted to it (O’Brien, par. 7). According to researchers, the children are in the midst of a sea change in the way that they read and think (O’Brien, par. 8). They have wonderfully flexible minds. Further, they absorb information quickly, adapt to changes and are adept at culling from multiple sources. But they are also suffering from internet-induced attention deficit disorder (O’Brien, par. 8). Rose Luckin, Professor of Learner- Centred Design at the London Knowledge Lab and a visiting professor at the University of Sussex, is working on a study examining the internet's impact on pupils' critical and meta-cognitive skills. â€Å"The worrying view coming through is that students are lacking in reflective awareness,† she says. â€Å"Technology makes it easy for them to collate information, but not to analyze and understand it† (O’Brien, par. ). In short, it is time the society should do something to improve the digital-age children. Therefore, the role of parents and teachers are constantly respected and highly valued, like Rose Luckin says: Because they have been using digital technology all their lives, our children feel they have authority over it. But technology cannot teach them to reflect upon and evaluate the information they are gathering online. For that, the role of teachers and parents remains fundamentally important. (O’Brien, par. 2) Even though technology brings many various utilities to the civilization of the society, there are some issues on which are scouted out seriously. The Google generation ought to be aware of how to harness it. Do not let it affect the behavior, the ability of thinking critically, reading habit, and â€Å"digital-age† children. At any events, they should utilize the best benefits of technology to improve the life in a proper way. Keep in mind that technology can be a good servant, but it can be also a bad boss.

Discuss ‘sensibility’ in the poetry of Felicia Hemans: The Grave of a Poetess

In this essay I will define the meaning of ‘sensibility' in the poetry that I have encountered in this course. Then, I will discuss the gender writing, women's poetry and whether ‘sensibility' is a characteristic of women's poetry alone. In poetry, sensibility could be defined as a mental responsiveness and awareness, which refine sensitivity to pleasurable or painful impressions. It also, considered as a cult of feeling, which arose in the eighteenth century in response to philosophical theories. Those theories investigate the power of feeling to communicate directly between people. In the eighteenth century, sensibility celebrated the man feeling, presented with the feelings of sympathy and pity in response to the suffering of others. Sensibility takes us into an internal world of psychology. Curran argues that the link is a crucial one to understanding Romanticism when he writes that the ‘poetry of sensibility is at base a literature of psychological exploration, and it is the foundation on which Romanticism was reread' (Romantic Writing, p. 113). The images of woman on the eighteenth century, was one source of the figure of the domestic woman. Within the culture of the Romantic period, the main role for woman was taking care of children, house and husband. Literature in that era, was influenced by sensibility, and seems to celebrate feeling and femininity. Although sensibility appears among males' poems, most of them refuse sensibility and consider it as a type of feminine. Many of Wordsworth's poems return to the literature of sensibility, such as the distress suffered by a young woman and meeting an old man on the roadside. Wordsworth accepted sensibility as a male sensibility, but Blake refuse completely the sensibility, which represented in his perspective woman femininity. Sensibility meaning was different in the point of view of some women writers. Some of them take their literary identity from it, such as Williams. Whereas, others consider it as an aspect of femininity at best, and at worst, as a means to celebrate all that is most false and decadent in the contemporary emergence of male romantic poetry. No one can deny that romanticism periods' writers, such as Wordsworth, Coleridge, Keats, Byron and Shelley, had borrowed significantly from female authors and feminine types of literature. Hence, we have to admit that there is a shared culture between men and women throughout the period of romanticism. Wollstonecraft argues that to deny women the opportunities of education and an active role in society is to transform them into domestic slaves. What connects women and slaves, for Wollstonecraft, is that they are both seen and treated as commodities. The revolutionary period gave fresh movement to debate and concern about femininity and women's role in society. James Fordyce's Sermons to Young Women (1765) was One of the most frequently republished volumes. In that volume, writer expresses strong views on the dangers to women of too much novel reading. According to Fordyce, female intellect is limited, whereas, most of life activities which need human intelligence such as ‘war, commerce, politics, exercises of strength and dexterity, abstract philosophy, and all the abstruser sciences, are more properly the province of men. In thinking about the relation between gender and writing in the romantic period, we should note the Polwhele claims an inherited masculine perspective, locating his contemporary readers in the context of their fathers' experience. According to Polwhele, women's writing is an affront to God-given, ‘natural' gender roles. In this masculine way of seeing, women are objects of the male gaze, they are defined by their appearance and behaviour. It follows that if women engage in certain types of writing, this will involve the loss of the ‘softer charms' that are bound up with these ideals of femininity. (Romantic Writing, p. 180). Nevertheless There were influential poets in the beginning of the nineteenth century, such as Anna Barbauld, Anna Seward, Charlotte Smith and Mary Robinson. The work of those women writers were going through many editions, but they have subsequently been erased from literary history or pushed to its margins. Women writers were very popular, and women readers gained a new economic visibility through the rise of fashionable magazine.. the beginning of women entrance to literary marketplace was in significant numbers during the 18th and 19th centuries, but in the historical context in which they wrote, they could not easily claim to speak with authority. To write as a woman was to be transgressive: entering the literary marketplace and competing with male authors for readership challenged conventional gender boundaries. As a result, many women authors adopted authorial personae that fit, rather than challenged, conventional gender definitions. Since women were generally understood to be emotional rather than rational, women authors often wrote about feelings, emotions, and, especially, love. They often adopted styles that fit their subject matter: to seem more feminine, they employed highly emotional language. By so doing, they could find an audience yet not risk being perceived as excessively ambitious. But this created a double-bind: to speak as a woman was to play the part of an emotionally sensitive and irrational human being. And whereas male authors could cite an infinite number of literary ancestors to establish their authority, female authors had just a handful of literary antecedents. Male poets were increasingly forced to respond to women writers such as Joanna Baillie, a Scottish poet and successful dramatist, who published a 72 page polemic arguing for naturalness in poetic language two years before Wordsworth wrote his ‘Preface† to the second edition of Lyrical Ballads, in which he makes the same plea. Women Poets such as Baillie and other preceded Wordsworth and brought the vigour of common life and language to their writings. Many of the most popular poets, such as Letitia Elizabeth Landon (L.E.L), published their poems in annuals and ornamental giftbooks, which were directed towards a largely female readership. L.E.L. edited and wrote most of Health's Book of Beauty, and contributed to countless other. They promoted, particularly through their illustrations, an ideology of feminine beauty, providing models for women to emulate and confirming that the ideal woman was the object, not the subject, of the gaze. In this sense, we will represent Felicia Hemans: â€Å"The Grave of a Poetess†. Sensibility is appear obviously in this poem which succeed in transferring the human suffer among its verses. In such a poem which written by woman, the death seems strangely bound up with expression, and it show how might this bundling affect the poem's agenda. In the final stanza of The Grave of a Poetess, Felicia Hemans completes the turn of her poem from one of melancholy lament at the passing of fellow poet Mary Tighe to one instead celebrating the apparent freedom of expression that follows a poet's earthly death. In closing, Hemans writes to Tighe, â€Å"Where couldst thou fix on mortal ground / Thy tender thoughts and high? / Now peace the woman's heart hath found, / And joy the poet's eye†. The Grave of a Poetess, ends up carrying a fair amount of dramatic potency, as it both points to repression of the female voice, and implies the loss this creates for all of humanity. An effective tension is thus lent to Hemans poem through the direct and indirect of injection of her frustrated Romantic yearnings for the attainment of full expression for her and her fellow poetesses, the denial of which leads her to resort to the Christian-like notion of a vindicating afterlife seen in this poem. Charlotte Smith was born in London. Her mother Anne died when she was only three, and at the age of six Charlotte was sent by her Aunt to a school in Chichester and later a school in Kingston. At the age of sixteen she was the subject of an arranged marriage to Benjamin Smith, with whom she was to have twelve children. There life together was far from straightforward, and the couple had many financial difficulties which led to her husband being imprisoned in debtors prison for seven months. Despite all her problems she was however a talented translator, and prolific writer of prose, plays and poetry. Including the Elegaic Sonnets in 1784 of which the Glow Worm was sonnet 58. She died in 1806 and is buried in Stoke. In Charlotte Smith's sonnet, she showed a high power of sensibility and she used a power of nature to represent her feeling among the sonnet. â€Å"I love to listen to the hollow sighs/ Through the half-leafless wood that breathes the gale;/ for at such hours the shadowy phantom pale†: in these lines she express her sadness and feelings through the use of nature elements. She used the expression â€Å"half-leafless† to show that the leaves had fallen down. Also she use the expression â€Å"shadowy phantom† to show that it is as a shadow, and this expression is a kind of mystery. Dorothy Wordsworth: â€Å"Floating Island† is another example of woman poetry, which represent sensibility among her writing. Dorothy start her poem with a force of nature: â€Å"Harmonious Powers with Nature work/ on sky, earth, river, lake, and sea:/ Sunshine and storm, whirlwind and breeze/ All in one duteous task agree†. In this poem the poet employed the nature to express the feeling of security in the preface of the poem. Although common poets refused to accept feminine sensibility, their work was influenced by sensibility in getting to the mind of human feeling and describing suffering and emotion. Wordsworth show sensibility in his famous poems, such as â€Å"Lucy†. In that poem, Wordsworth describe a story of a woman and express her beauty and shy. Then he ended his poem by telling his audience that Lucy had dead and no one know where she had lived: â€Å"She lived unknown, and few could know/ But she is in her grave, and oh†. All these emotions considered as a type of sensibility. In contrasting with William Blake: â€Å"The Chimney Sweeper†, we find that the poet interest in showing a political and social suffering among his poem. In this poem the Blake is suggesting that it is a state of affairs which cannot be changed, and all we could do would be to accept our earthly fate and expect our reward in the afterlife: â€Å"And so Tome awoke, and we rose in the dark,/ So if all do their duty they need not fear harm†. Although men such as Wordsworth, Blake, Keats and Shelley refused to admit that they use sensibility in their poems, no one can deny that there is a considerable amount of shared culture between men and women throughout the period of romanticism. In comparing with women sensibility, Wordsworth, Blake, Keats and Shelley express their sensibility among their poems in their poetry, and mainly they concern in human existence and the political situation. Sensibility was appeared more in Blake poems, as he was more sensitive and involved in human and political suffering and he was considered as a radical member during the revolution. On the other hand women sensibility interest in domestic matters and social and family sadness and women suffering. Further more they interest in the story of love and families and they use gothic elements in their poetry. In conclusion, we defined sensibility as a matter of sensitivity and expression of emotions which arose in eighteenth century poetry. Both of men and women used sensibility in their poetry, but each of them employ it in a different way. The work of Wordsworth and Coleridge, Keats Byron and Shelley borrows significantly from female authors and ‘feminine' types of literature, such as sensibility, even though it seeks to mark its own works as masculine and to sever the association with female writers and readers. Sensibility arose in men's poetry as a matter of expressing the refusal to the political situation and the social suffering. Whereas, it arose in women sensibility among their awareness of domestic needs and women suffering. In men's perspective the woman is a poem not a poet, and that was what we notice in Wordsworth poem â€Å"Lucy† as he used Lucy as a passive character, he interest in describing her beauty, but there were no considered to her intelligence.

Issuanc of sukuk and bonds in Malasiay Essay Example | Topics and Well Written Essays - 2750 words

Issuanc of sukuk and bonds in Malasiay - Essay Example The following discourse delves into Sukuk issuance with specific focus being on the Malaysian economy. According to Ayub (2009), Sukuk may be defined as certificates of equal value that represent an undivided interest in the ownership of an asset or investment. It should be noted that Sukuk have the benefit of being backed by assets hence they offer better protection to the investors as compared to the conventional bonds. Investors who require fixed investment return with low risk find Sukuk to be an ideal choice (Kuran, 2004). One of the forms of Sukuk is known as the Ijarah Sukuk. This kind of Sukuk is based on letting of property rights for a given property on an agreed price. Sovereign issuers have an inclination towards issuing Ijarah Sukuk on a sale and leaseback agreement for a given piece of real estate. The other type of Sukuk is known as Mudharabah Sukuk. This is essentially an agreement between the investors and managers of capital. These are investment Sukuk that represen t ownership of units with an equal value in equity. The holders of such Sukuks own shares and are entitled to the returns based upon the percentage of ownership. The key characteristic of Mudhabarah Sukuk is that the holder of the shares is not given a guarantee by the issuer on the capital and fixed profit but rather, the profit is based on a percentage of the given capital (Muhammad, 2009). Musyarakah Sukuk involves the contribution of capital by two parties to incorporate a common motivation. The issuer contributes a given amount of money to obtain a subscription of a given number of shares whilst the originator may contribute either capital or in kind. The profit is shared in a certain ratio and the losses are shared according to capital contribution. Sukuks known as Istisna’s are used to finance the purchase of a project item. The holder of the Sukuk offers finance for a given project and in turn obtains a title to the asset. The title can be returned to the developer at an agreed repayment methodology. It should be noted that Istisna’s Sukuk cannot be traded in the secondary market. Government bonds are issued by the government in order to finance the projects that they require. One of the key characteristic of government bonds is that they have a set maturity date. This implies that the issuer guarantees to give back the principal amount invested the bond after a certain period regardless of how the investment performs. Government bonds also have interest payments. The interest payment can be on a fixed rate whereby a fixed interest is paid periodically for the life of the bond or floating interest whereby the interest rate is determined periodically. The principal investment repayment is also a key characteristic of government bonds. According to Sharma (2007), â€Å"it is an obligation of the issuer to repay the principal amount in lump sum upon the maturity of the bond.†`p. 234. Some bonds also have a call feature whereby the iss uer has the liberty to return the bond before its maturity date and be paid a percentage of its principal amount. Once the callable bond is paid, the government stops paying interest on the bond. Government bonds are subject to a given minimum investment and have credit ratings. Bonds are income investment because the issuer pays a certain rate of interest for a given period of time until the bond