Thursday, October 31, 2019

Geological map interpretation Research Paper Example | Topics and Well Written Essays - 750 words

Geological map interpretation - Research Paper Example Through history, the study of geographical and geological formation of the island defines most parts of Nova Scotia. The following paper expound on the rock formation, geological processes and interesting features that form the island. The analysis is based on geological maps and photographic maps of West Ironbound Island. The rock formation of the island depended on the features that are present. From the photographic maps of the shores of West Ironbound Island, Halifax Group of rocks are defined. They interact with the upper larger group of Meguma rocks and divide into two major groups. These groups are Meguma Terrane and Avalon Terrane. The groups represent major continents that have been joined to form one large land mass. The Halifax group of rock bed is approximately 3600 meters deep. This layer overlay the Meguma Super group of rock. Turbidite rocks and metamorphosed rocks characterize the northern part of the island. Across the island, there are sedimentary rocks or metasedim ents with its thickness ranging between 5cm and 8 cm. There are lithogies on the Halifax slate across the West Ironbound Island. These lithories are oval in shape and appear as structures deformed during the Carboniferous period. They have a thickness of 0.35 meters and a length of 0.75 meters. On the photographic maps, they are seen as circular moldings of layers of rocks. Multiple faulting and colliding of various continents is associated with West Ironbound Island. Various plates are noted colliding and crushing over each other. On the shores of the island, folding of Meguma Super group of rocks is seen. The alignment of the folds shows where the force of folding originated. These folds present beautiful scenery and view from the adjacent land of Simpson. The deformations which occurred as glaciations, folding and faulting are associated with Acadian Orogenic compression events. The cleavages that appear in all localities dip with a 70 degrees to the south east of the island. The degree of dipping is evenly distributed in the whole of the island where cleavage is noted. This means that the compression force in Acadian Orogenic period was also evenly distributed. On the geographical map, West Ironbound Island is located in the middle of the anticline. It falls within the Hinge line of the Anticline. West Ironbound Island is endowed with mineral deposits that have not been exploited. Igneous intrusions are evidence of low profile eruptions along the Meguma Super group layer. These intrusions leave deposits of quartz. Due to deformation in Acadian Orogeny era, cracks and fissures formed and accommodated quartz deposits. Quartz deposits are a source of iron and gold in some parts of the island. These have been confirmed by geologists working on the vas Nova Scotia area. Asenopyrite is also associated with the area of the island. The exposed Halifax group of rocks on the island is composed of metalliferous hydrothermal stretch of quartz on the northern end. This stretch is not rich in gold but only iron pyrites. Glaciations’ is evident in the geological maps studied. The marine time province was covered with thick layers of ice in the last glacial period. The current shape of the marine time area was molded by the glacier. Lose layers of rocks were eroded leaving behind a well polished top cover. This took place in the times of Mesozoic era. Glacial Till Drumlin is shown on different photographic maps in

Tuesday, October 29, 2019

Olympic games and Chinese economy Essay Example | Topics and Well Written Essays - 2250 words

Olympic games and Chinese economy - Essay Example Next year, that distinction belongs to Beijing, an ancient city north of China, which is in the forefront of China's surging economy and the center of its political power. In the history of the Olympic movement, China is only the third Asian country - after Tokyo in 1964 and Seoul in 1986 - to host the prestigious Games. The International Olympic Committee chose Beijing over several other aspirants that included Toronto, Paris, Istanbul, and Osaka. The cities of Bangkok, Cairo, Havana, Kuala Lumpur, and Seville also submitted bids to host the Games, but failed to make the shortlist in 2000. Beijing is the fourth city - after Berlin (1936), Mexico City (1968), and Moscow (1980) -- under authoritarian rule to host the games. Its officials welcome the selection as an opportunity to showcase its newfound economic prosperity and to project a more positive image to the rest of the world. While economists believe Beijing is certain to achieve its grand objective of showcasing its vibrant ec onomy and projecting a more positive image in the eyes of the world, they are in disagreement over the Games' immediate impact on its economy. Soon after the announcement was made on the choice of Beijing as the next Olympic site, (Beijing Olympics 2008) the Chinese government announced that it will earmark $20 billion to modernize the city's infrastructure and facilities to improve its woefully polluted environment in time for the Games. That announcement alone is enough assurance that the Olympic Games is bound to spell a dramatic transformation for Beijing, although this figure has already doubled as of the latest count. It is commonly assumed that the scale of an Olympic event and the scale of the preparations for it will create large and lasting economic benefits to the host city. Economic impact studies confirm these expectations by forecasting economic benefits in the billions of dollars. Goldman Sachs Asia has made one of the more aggressive forecasts, predicting that the Games will increase China's GDP growth by 0.3 per cent annually between 2002 and 2008, citing service sectors such as tourism, transportation, information technology services and logistics as the areas for the greatest growth. On the other hand, JP Morgan said the event would increase GDP by no more than 0.05 per cent per year, a figure that hardly makes a difference in China's impressive double digit annual economic GDP growth. "The divergent views are due to different assumptions," said Huang Yiping, an analyst at Salomon Smith Barney. Those who are unmoved by the Games' economic drawing power claim no evidence of positive economic impacts from mega-sporting events even remotely approaching the estimates in economic impact studies. In a study of the impact of Super Bowls on local economies, (Robert A. Baade and Victor Matheson, 1999) found "no measurable impact on spending associated with the event." Their explanation is that capacity constraints in the hotel industry cause room prices to increase with no change in occupancy rates. Higher rates contribute to the crowding out of regular traffic and net spending in areas other than hotel rooms changes little, if at all. The same report claims that longer term sports programs, usually involving stadium subsidies to attract or keep professional teams, have also failed to deliver on projected economic benefits. Even for cities that usually are considered success stories for sports development strategy, such as Baltimore and

Sunday, October 27, 2019

Modernisationory vs dependency school

Modernisationory vs dependency school SGM 100 1. INTRODUCTION There are many reasons to examine the current situation of the world, where a lot of countries are underdeveloped or are developing, and a small portion of the world, which are the Western countries, are relatively rich and developed. In this essay I discuss the Modernisation theory and Dependency Theory and how they came into existence. Also, the contributions made by all the countries and trying to develop in their own way by the argument based on the Neo-Marxist theorists explains the reasons why this division is still present, especially, the third World countries being dependent on Western countries. Later, I have taken CUBA as an example to show how it ended its dependency on the western countries, and it may give hope to other underdeveloped countries. Then the comparison between the two theories is done and concluding which one is better. 2. DEPENDENCY THEORY: After World War II, due to economic expansion and polarisation Cold War emerged, and it was then that American social scientists started studying the Third World nations with the purpose of promoting social and political stability and bringing development in the economic structure. (So, 1990, pp.17). However, scholars from made their own theories. It was partly based on the modernisation theory which resulted in the sub-optimal results, as well as ending by saying that imperialism has actively underdeveloped the peripheral societies they are living in (Martinussen, 1997, pp.86). Peripheral countries are assumed to be dependent on mass media. Modernisation School was first criticised in Latin America, when the United Nations-Economic Commission for Latin America went Bankrupt (ECLA). (So, 1990, pp. 91). Overall, because of the failure of the ECLA and the Modernisation School theories declined, it gave rise to Neo-Marxist Dependency Theories. First, attempt to redefine dependency theory from the Third Nations point of view was done by Paul Baran and Andre Frank. Baran argued that the backward or the third world countries were defined by double economies: a large sector was under agriculture and a very small sector was under industries (Martinussen, 1997, pp.86). The capability to generate economic surplus and profit margins from agriculture is still minimal (Keet, 2002). Baran articulated the difference between the classes and their relations. Also, their impact upon how the economic surplus is been utilised and the power being distributed which resulted to create barriers, preventing development. Thus the crucial and most important point is the conditions of the Third World country within their country. He explained solution to eradicate dependency on the western countries by using a lot of state interference to promote industrialisation as an arrangement for evolution of other industrial sectors (Martinussen, 1997, pp.8 7). Frank criticised Barans thesis by identifying the causes of underdevelopment. Merchant capitals target metropoles. The satellites exists only to feed the metropoles based on their requirements. The crucial method to gain more economic surplus was trade and batter system, including both international and national exchanges. Frank proposed a solution to eradicate the problem of dependency by de-linking completely from the world market to grow. (Martinussen, 1997, pp.88-89). It directly blamed the external factors, like colonialism, whereas the Modernisation School assumed the reason behind these countries to be under-developed is overpopulation, culture, and lack of motivation to do anything constructive or little investment. Moreover, Frank argues that the same process of development in the Western countries immortalises the third world countries to develop (So, 1990). Most of the scholars tried to explain the reason for them to remain backward by focussing on the external factor s. They think there was unequal exchange of economies from the western countries, and their theoretical structure is core versus periphery. All the solutions that were proposed included a socialist revolution with a completely or partly staying away from the international system. Based on the classical dependency theories, more observational information was collected from the circumferences point of perspective, not only from Latin America, but also within African and Asian countries. It was very clear that dependency theory alone cannot explain all the observations. Martinussen (1997, pp. 93) states the actual changes in the less developed countries implied greater and greater differentiation between the underdeveloped countries. Therefore, Neo-Marxist theory required an elaborate and expanded version of explanation. 3. MODERNISATION THEORY For more than 10 years, till the late 1960s, modernisation theory was very popular among the social science. The concept was used in order to explain the changes which will last for a long time due to this theory. It also criticised the Marxist theory on dependency and discussed the difference in cold war and explained how the new independent countries should progress. After this, in the next 20 years, the concept of modernisation theory and its understanding was completely changed and had become the target of criticism. Most of the people did not accept any theory, but there were some of them who preferred Neo-Marxist theory; puts the blame on the United States for most of the countries to remain underdeveloped. Many people started ignoring the modernisation theory without mentioning any efforts that could be made to apply this theory systematically. As the Cold War ended, modernisation theory was again brought into picture. It was only to reduce the rising disagreement over globalisation. Some argued that the fall of communism was one of the reasons that deviate the requirements which were specified in the theory, while others replied that other abrupt changes in Russia and other countries proved the theory to be wrong. What was the reason that proved modernisation theorists wrong? Was it the failure of the socialist model or the failure of the economic advice? Later, debates about globalisation pointed out many of the same issues as modernisation theory. After almost 50 years, the theory was again brought into the limelight, social scientists are again working on the positives and negatives of the theory and opening it to the outside world, also on political reform in order to improve capacity of the state and its responsiveness, a breakdown of social barriers, and to improve the knowledge of the state that maximises absorption of information. Definition It is used to inspire by its historical and sociological background. It had been developed by doing a lot of historical research and investigating the effects of modernisation that will have on the human communication. According to Giddens (1991), Modernisation means the appearance of modes of social life or organization which emerged in Europe from about the seventeenth century onwards and which subsequently became more or less worldwide in their influence. Modernisation theories explain how the communication and media uses have changed in the traditional and modern societies. After the World War II, there were more or less twenty societies which were regarded as highly efficient and more. Definitions ofmodernised varied from places to places. For some of them, structural features, such as levels ofeducation, urbanisation, use of sources of energy, and fertility were the ways to decide whether the particular society is modern or no. For others, attitudes described the modernisation of the society, such as secularization, achievement orientation, functional specificity in formal organizations, and acceptance of equality in relationships. Core assumptions and statements Modernisation theory has evolved in three parts. The first part came into existence in the 1950s and 1960s. One tried to contrast the Western styles of living from the other parts of the world, their technological inventions and their highly selective, targeting to only one person at a time, types of communication, their individualist cultures and of individual motivation and achievement (Lerner, 1958 and Schramm, 1964). According to McQuail, (2000, pp. 84), this produced three variants: 1. Economic development: mass media promote the global diffusion of many technical and social innovations that are essential to modernisation (Rogers, 1962). 2. Literacy and Cultural Development: Mass media teaches literacy and other techniques to develop. It encourages a favourable state of mind. E.g. finding a way to live a life beyond the traditional way. 3. National identity development: Mass media helps support the national identities and democratic elections in the newly created colonies. Most of these theories have been criticised as they were pro-western bias. The second step of modernisation theory is a part of the critical theory that was popular in the 1970s and 1980s. This part does not join hands but it criticises the influence of the western countries on the other countries. This is held to be an instance of Western cultural and fiscal imperialism or authority. (Schiller, 1976). The third step of modernisation theory which rose in the 1990s is the theory of late, or post modernity. It tries to not be in favour or against the modernisation of the westerns. In fact, it attempts to eradicate the differences in the process of modernisation and explains the results of modernity for individuals in contemporary society (Giddens, 1991a, b). Giddens showed that modern society is characterised by time-space distantiation and dis-embedding mechanisms. Traditional society is basically a direct conversation between the people who live close by, whereas, modern societies goes way beyond that and reaches out to a number of people and communicate with them through the means of mass media and interactive media. Benjamin Barber tried to explain the differences between the Western and non-Western cultures of the world in hisJihad versus McWorld: How the Planet is both Falling Apart and Coming Together(1996). This matter of grouping on integration and division in civilisation a nd in media use is also present in the effort of Meyrowitz (1993) and Van Dijk (1993, 1991/1999). Van Dijk tries to explain the rise of the new media such as computer networks and mobile telephony as important tools for modern life. It tries to explain the relationship between all the countries from a historical, sociological, economic and cultural point of view. It gives attention to the role played by the mass media and the new media to help a society develop. 4. CASE STUDY ON CUBA THE ALTERNATIVE MODEL Cuba has always been a socialist revolution, which was a necessity by the classical dependency school in order to end the dependency. Unexpectedly, the relations with the international countries changed.Partly, because U.S put restrictions on Cuba. This was the reason for Cuba to move strongly towards the Soviet Bloc. This resulted in the export of sugar cane and import of petroleum, equipments required in industries, daily bread and butter and agrochemicals (Rosset and Benjamin, 1994, and Enriquez, 2000). Moreover, 5.4 times more for Cuban sugar cane was paid by the soviets than the market price (Rosset, 2002), providing almost 80% of Cubas foreign exchange (Enriquez, 2000), thereby promoting dependency of Cuban society. Its positive point was their internal investment to get an excellent education system and a good health care system. But, Cubas links with the Soviet Bloc. ended after the end of the Cold War.According to Dr. Funes quoted in Parker, 2002, $8billion/ per disappeared from the Cuban trade and imports were reduced by 75 percent(2002). Other sources claim it to have been cuts of 82% (Rosset, 2002) of its pesticides or over 90% of Cubas fertilizer use (Rosset and Benjamin, 1994, pp. 3). Even more seriously, Approximate weight of the populations caloric intake that was derived from imported goods ranged from 44 to 57 percent.(Enriquez, 2000). This indicated food shortage for the citizens. Thus Cuba, which was still under the restriction of the U.S, lost all their trading partners overnight. They faced the challenge to find other ways to be highly mechanized and industrialised. They wanted to be self sufficient and rely on themselves in its food production to prevent scarcity.Here Cubas social structure proved to be of great advantage. As they were highly educated and along with state regulation, they started planning which resulted in positive result of the socialist revolution, which is known as The Alternative Model. Although Cuban citizens are still on food ransoms, and food availability had dropped at least to only 60% (Kovaleski, 1999) during the 1991-1995 period, Cuban agriculture has recovered in most areas to the levels of the 1980s (Parker, 2002) and is now world leader when it comes to knowledge of organic agriculture (Rosset, 2002). Elimination of dependency We are told that small countries cannot feed themselves, that they need imports to cover the deficiency of their local agriculture and synthetic farm chemicals, yet Cuba is virtually doing so. We are told that we need the efficiency of large-scale corporate or state farms in order to produce enough food, yet we find small farmers and gardeners in the vanguard of Cuba. We hear time and again that international food aid is the answer to food shortages-yet Cuba has found an alternative in local production.(Rosset, 2000)Acknowledged, Cuba has faced real hardship in the 1990s, but it is also an example that the so-called de-linking as outlined by the Dependency School is possible. Proof of the viability of organic agriculture is the other great windfall (Parker, 2002). Also can this Alternative Model be an example for other dependent countries? According to the World System dependency theorists Cuba was already in the semi periphery, because they have educated population who were crucial in its policies for survival. Enriquez (2000) points out the parallel, but slower process in China and Vietnam, and says that countries of other Soviet Bloc are not experiencing a this difference because they dont have the socialist planning structure. She also explains by going little ahead, claiming that due to the restrictions put by the U.S change have been positive. On the other hand, Latin America lost a lot of liberty of their power to administer their spending (Anon, 2002), Cuba has proved that even after going through a lot of difficulties, it was capable enough to gain back all the things that it had lost. However, the majority of the dependent nations do not have a socialist structure in place, also U.S continuous to put restrictions to prevent neo-liberal influences. So Cuba cannot be an appropriate example for these nations but it can encourage them to find their way out of this dependency trap. 5. GLOBALISATION: MODERNISATION vs. DEPENDENCY Over the last ten decades many events and situations have occurred throughout the word. This has affected not only the places where these events or situations took place but also the media relations, politics and economic factors were affected the world as a whole,   due to industrialisation. Some of these situations that have occurred have been positive and some were negative. Events that take place In developed and those countries which has the power to influence the other countries, such as the United States or United Kingdom have a tendency to make a larger impact on other developing or underdeveloped countries because more relationships are tied through them. This makes countries like the United States and the United Kingdom able to purposely make decisions and direct it in a direction which is beneficial for them, which is why the way the United States and the United Kingdom conducts its business is criticised so thoroughly. There are some people who believe that this has led to globalisation and this effect is a very good thing and there will be a difference in the social and cultural background in all societies because of industrial capitalism. These kinds of people believe in the modernisation theory which was developed because of globalisation. There are also some people that believe that this is not a good thing and it can lead to inequality all over the world as the result of historical exploitation of the poor, underdeveloped societies by rich, and the developed countries. This led to the development of dependency theory. The people who follow this are considered as dependency theorist According to my opinion, by in large, I believe that the dependency theory is the way we think and react in terms of globalisation. The modernisation theory states that one thing needed to modernise is infusion or the merger of capitals. I believe that this is all too true, and the more advanced the society becomes, the more they must stay away from others in order to make themselves greater and develop more. At this point the people in the United States use the third world countries or the underdeveloped and developing countries as the way to gain resources that we are exhausting. They get their raw materials, their industry, and even their people from these countries. The other countries and their cultures that decide not to modernise and wants their traditional ways of thinking to be alive are not given any choice by the other countries and cultures. They remain backward as they do not get any choice because the other cultures are going ahead as they are modernising their cultures . The Kung tribes in the Kalahari Desert in Namibia, Botswana and Angola, talks about the way they had lost their traditional values in less than one generation because they had lost their land which they needed to exist in this world as hunter gatherers. This is something that will continue happening and I do not believe that there is anything we can do about it except compensate heavily. On the contrary, Dependency theory has an almost exact opposite outlook on globalisation than modernisation has. It basically attacks the structure modernisation theory, and with some very good reason. The modernisation theory says that globalisation has a positive impact through infusion of capital from the sources received from the other countries. Dependency theory accepts this but censures the words under which it is done. First world countries like America indirectly set standards of developing and underdeveloped countries by making unfair, but unavoidable, deals. These deals are shaped in a particular fashion that seems to be something helpful and which cannot be avoided. One of the very good examples is that can explain dependency theory is about the states of Global South. They are in desperate need to develop. Development seeks to improve the welfare of people living in conditions of economic and social poverty (Weaver n.d, pp. 112). Why is the Global South prone to remain in this condition? This is a question which has been asked a million times and the answers are given in many different ways. Two interesting theories are used to understand the conditions of Global South and their development, which are: the Classical Economic Theory, which is also known as the Modernisation Theory and the Dependency Theory. One of these theories explains the need to development and living conditions in the southern countries. According to modernisation theory, there are a few steps which can lead to success for each and every country. In Walt Rostow (1962) work on The Stages of Economic Growth: A Non-totalitarianism proclamation, a particular pattern for developing has to be undertaken for a country to become successful, profitable, sophisticated, and have a modern economy, which in turn, will enrich the lives of the citizens in that particular country. This is a very systematic theory. It says that if you do this then only you will become successful and modern. It is demonstrated by Mahler 45 that there needs to be preconditions for development, and thus leading to mass-consumption. The part that is not included in this theory assumes that all countries will follow the exactly same predetermined way to development. Too many variables intercede between that will affect the ability of a state to develop. For example, Mexico faces a lot of difficulty to develop as it is geographically destined due to the deserts, forests, and mountains. Approximately thirteen percent of Mexicos land is arable, as well as, there are no big rivers inMexico, it becomes all the more difficult to have a good economy. These factors increase the difficulty level for Mexico to develop because it constrains transportation, which directly affects the ability to export and import goods efficiently and profitably. If the states in the Global South follow the steps of modernisation, there is no guarantee that they will develop. It can be argued that having a rigid set of rules and regulations to follow will not make you reach to the decided destination. One important and sometimes neglected barrier to development could be the geographical condition. However, there are other variables that can restrict a country from developing. As stated in A Global Agenda: Issues Before the 54th General Assembly, Underlying all these initiatives [for development] is the assumption that poverty eradication and good governance are inseparable, because good governance brings about a proper balance among state action, the private sector, civil society, and the communities themselves (Tessitore n.d, pp. 105). The reason is that if a countries leadership is very poor, it will directly affect its ability to develop. Take for instance; Saddam Husseins country could not develop because all the wealth that was collected by the people was kept by him. Maybe if Hussein would have used the wealth in a good way in his country, by encouraging invention and improving education, then probably his country could have developed long back. Also in India, the political parties and the government are very corrupt. They can be easily bribed. Most of the taxes that people pay go in the pockets of the politicians and the government. If this was not the case in India, and if they had strict rules on bribing, then India would have been one of the developed countries. In relation to modernisation theory, the states in the Global South should create situations which can improve production and free trade, as well as enhance the internal characteristics, for example, removing illiteracy, improving the communication and infrastructure problem, as well as what the Asians did, popularly known as Asian Tigers, by improving their transportation which improved their ability to import and export goods efficiently, proved that export-oriented growth was possible. Dependency theory became popular in the 1970s(Kegley n.d, pp. 226). According to the dependency theory, the states in the North exploit the states in the South. One main reason for this can be that the southern states are highly dependent on the wealth earned by the northern states; therefore this unable them to advance, because of the vicious circle that then ensues. An example of this bad circle can start with a country being economically unstable. They allow a multinational corporation to set up a branch in one of their cities. This increases job opportunities for the people of that city. But the people are hired for very low salary. Then the products that are produced are bought by the northern states, which in turn stop the southern states mass-consumption abilities. This is one of the generalized ways that the south gets exploited and remains underdeveloped by the north and the multinational corporation that had set up their branches in the cities of the southern states and com e out making huge amount of profit at the expense of desperate people who are just trying to survive and are willing to work for pennies. For example, all the multinational companies have their customer service centres in India, as it is a developing country. There are huge amount of people who are unemployed and are willing to work even during the nights for pennies for the multinational companies. All the services provided to people in the north with any difficulty is provided by these people working in the particular customer service centres. According to dependency theory, underdevelopment is the reason of the development of capitalism. A significant example could be Latin America and the United States. The following quote from the preface to the English edition (1979) the persistence of Dependency and Development in Latin America by Fernando Henrique Cardoso, Prentice Hall and Enzo Faletto(2003), somewhat details this dependency issue, In order to go ahead with economic expansion, a dependent country has to play the interdependency game, but in a position similar to the client who approaches a banker even if the dependent country becomes less poor after the first loan, a second one follows. In most cases, when such an economy expands, its roots have been planted by those who hold the lending notes. Thus, leading to the conclusion, that in order for global south to develop, the capitalist system will have to break down completely in relation to the dependency theory. Of course, dependency theory did not take backward so cieties who are not dependent into consideration. Therefore, after considering all factors of dependency theory, it can be concluded that theory by itself cannot explain or improve the economical conditions and life of the citizens in the global south. It is very clear that some states in the south are completely dependent on the states in the north   and they end up being exploited by the north and are caught in the cycle of debt which is never-ending and continues to grow with no way to escape, making them more and more dependent on the northern countries. It is also very clear that modernisation theory neglected the fact that not every state will develop in the same way or in the same period of time. It doesnt give justice to explain the lack of assumed decreasing profit of the people that is described in the theory. 6. CONCLUSION In conclusion, the concept of educating citizens and improve the other internal characteristics, it would seem to lead to an improved life for the citizens. Also by becoming less dependent on wealthier and developed nations would help to improve the lives of the citizens in the Global South. Indeed, there are differences in the theoretical approach to the problem of development. General consensus on the practical problem are, those on the Left and Right agree that the growth rate achieved by under-developed countries after forty years of international assistance is less than satisfactory, if not disappointing (Mahler n.d, pp. 59). Modernisation theory, however, hypothesises and predicts better than dependency theory. It is a model for some sort of success, based on the definition of success by the western capitalistic countries. REFERENCES Anon. (2002).La economia de America Latina y el Caribe cay en 2002. Press release CEPAL, United Nations, 18 December 2002. Date accessed: 25-11-2009. Barber, Benjamin and Schulz, Andrea. (1996)Jihad versus McWorld: How the Planet is Both Falling Apart and Coming Together. New York: Ballantine Books Development versus Dependency theory. RevisionNotes.Co.Uk. Mar. 29, 2007. Dijk, J.A.G.M. van (1993b).Communication Networks and Modernisation.Communication Research,20(3), pp. 384‑407. Dijk, Jan van (1991/1999).De Netwerkmaatschappij, Sociale aspecten van nieuwe media.Houten: Bohn Stafleu en van Loghum/London, Thousand Oaks, New Delhi: Sage Publications. Enriquez, L.J. (2000).Cubas New Agricultural Revolution. Development report no 14. Date accessed: 17-10-2009.Giddens, A. (1991a).The Consequences of Modernity. Stanford (Cal): Stanford University Press, Oxford: Basill Blackwell, Cambridge: Polity Press. Giddens, A. (1991b).Modernity and Self‑Identity; Self and Society in the Late Modern Age. Cambridge: Polity Press. Keet, C.M. (2002).Agriculture and Development, University of Limerick. Pp. 9. Kegley, Charles W. World Politics: Trend and Transformation. 11th ed. United States: Thomson Wadsworth, 2007. Kovaleski, S.F. (1999).Cuba Urban Agriculture.City Farmer, Date accessed: 17-10-2009. Lerner, D. (1958).The Passing of Traditional Society: Modernizing the Middle East.Glencoe ILL.: The Free Press. Mahler, Gregory S. Comparative Politics: An Instructional and Cross-National Approach. 4th ed. Martinussen, J. (1997). Society, State Market A guide to competing theories of development. New York: Zed Books. Pp. 386. McQuail, D. (2000).McQuails Mass Communication Theory, 4thEdition,/London, Thousand Oaks, New Delhi: Sage Publications. Meyrowitz, J. J. Maguire (1993). Media, Place and multiculturalism.Society 30, (5): 41-8. New Jersey: Prentice Hall, 2003. The Persistence of Dependency as a Useful Framework for Understanding Latin America. Center for Latin American Studies. Feb. 10, 2003. Nov 29, 2009. Parker, N. (2002).Cuba Campaign: Policy Think Tank Releases New Report on Cubas Successful Organic Farms. Global Exchange. 28 January 2002. . Date accessed: 17-10-2009. Rogers, E.R. (1962).The Diffusion of Innovations. Glencoe, ILL: The Free Press. Rosset, P.M. (2000).Cuba: A Successful Case Study of Sustainable Agriculture. In:Hungry for Profit: The Agribusiness Threat to Farmers, Food and the Environment. Magdoff, F., Foster, J.B. and Buttel, F. H. (eds.). New York: Monthly Review Press. pp 203-213. Date accessed: 17-10-2009. Rosset, P.M. (2002).Agricultura Alternativa Durante La Crisis Cubana. FoodFirst, 7 May 2002. Date accessed: 17-11-2009. Rosset, P and Benjamin, M (eds.). (1994).The greening of the revolution Cubas experiment with organic agriculture. Melbourne: Ocean Press. Pp.85. Schramm, W. (1964).Mass Media and National Development, The role of information in developing countries.Urbana: Un

Friday, October 25, 2019

Ethical Judgement Essay -- genetic experiments, organs, donation

Who appoints ethical limits that prevail in our society? Is every individual responsible for their own actions even though their morals may be different from others? Ethical judgments are made for every individual separately and some of them are based on their own emotions or their own reason. There are many factors that influence ethical judgments in a society or culture. In my essay I will use reason and emotion as ways of knowing, because I believe that in order to make an ethical judgment in both the natural sciences and arts a person’s emotion and reason play a role. Discovering new knowledge in natural sciences is mostly done with controlled experiments, while artists can express their knowledge in a different way with pictures, sculptures, movies†¦ In both areas of knowledge ethics cannot be excluded. Art has more freedom to express without getting negative feedback from spectators or society, while a natural scientist must be aware of lots of ethical limits in ord er that their experiment would be ethically acceptable. My claim is that ethical judgments do limit the methods available in the production of knowledge in arts and natural sciences, but the limitations are stricter when it comes to conducting experiments than creating art works. Ideally an objective view should be considered when evaluating this claim but our emotions can be stumbling blocks to ethical judgments. Firstly it has to be considered that if there were no experiments done with modern medicine that achieved something that was previously unimaginable, there would not be as big progress in medicine. The experiments for creating, testing and improving that medicine were done in some ways that can be ethically questionable. Ethical limits were reached and ... ....html (Accessed: 12th February 2014). †¢ J.P. MORELAND (2009) Ethics Theories: Utilitarianism Vs. Deontological Ethics, Available at: http://www.equip.org/articles/ethics-theories-utilitarianism-vs-deontological-ethics/ (Accessed: 12 February 2014). †¢ RITA PUTATUNDA (2007) Ethical Issues of Cloning, Available at: http://www.buzzle.com/articles/ethical-issues-of-cloning.html(Accessed: 12th February 2014). †¢ Ronald Bennett (n.d.) Medical Experiments of the Holocaust and Nazi Medicine, Available at: http://remember.org/educate/medexp.html (Accessed: 12th February 2014). †¢ University of Northern Colorado (2007) Ancient Greek Ethics, Available at:http://mcb.unco.edu/ced/perspectives/ancient-greek.cfm (Accessed: 12th February 2014). †¢ WIKIPEDIA (2014) List of banned films, Available at: http://en.wikipedia.org/wiki/List_of_banned_films (Accessed: 12th February 2014).

Thursday, October 24, 2019

My Childhood Essay

When I started pre-school, I found it difficult to speak English because I spoke Chinese at home. I was distracted and frightened when I attended school in our Los Angeles neighborhood, and crime was a constant concern for us. It worried my parents to see that I was losing interest in school, so they moved me to Chino Hills after I finished 7th grade to live with my sisters, hoping that the environment would be a better place for me. The different atmosphere I was in changed my perspective on education. The students in Chino Hills are very competitive in their academic pursuits which motivated me to try harder and work up to my potential. The realization that a different environment can make a huge difference brought much confidence to me; I began developing better judgment and making better decisions toward my education. As I approached high school, I was beginning to understand the importance of an education. Although my parent’s remarks about school were simply for me to behave, I knew they also wanted me to have a good educational opportunity. My first year as a freshman in high school was difficult for me; it became evident that I didn’t know how to manage my time. As every con has a pro, I knew that time management was no exception. Mastering the art of time management can reap great rewards, and by ignoring it I found myself facing great disappointment with my grades. At the end of the day, I tried to reflect on my performance and soon realized I have accomplished little. In my sophomore year of high school, I began to manage my time more wisely and took my education more seriously, and realized that it did not take much to use time management in an efficient manner; but the rewards were fulfilling because my grades had greatly risen. My course work and grades became obvious to me that I still had trouble managing my time. I soon started to decompose my goals, making it possible to tackle them one step at a time and realized as I progressed, my time management bettered. During my junior year, Procrastination was the biggest barrier to time management I had to face. I found it difficult at times to start working; however, I realized not working was related to the fear of poor results than it is to the actual difficulty of the work. My junior year gave a spark to my life; it helped me create a target to aim for, which is to attend a top 4 year  University and pursue my dreams in the medical field.

Wednesday, October 23, 2019

Law Case Study Wholesome Vegetables Ltd

INTRODUCTION A contract has been defined as a legally binding agreement or, in the words of Sir Frederick Pollock: ‘A promise or set of promises which the law will enforce’. However, not all promises or agreements give rise to contracts. According to the case study, Andrew, who works as a salesman at Wholesome Vegetables Ltd, offering to sell Ben 100 bags of potatoes at ? 10 per bag. At first Ben accepted Andrew’s offer but when he heard the news about a slump in the price of potatoes which has fallen to ? 7 per bag, he refuses to accept delivery of Andrew’s pricey potatoes.Therefore there are some issues discussed based on this situation. The discussion includes the requirements that must be met for a contract to exist between Andrew and Ben, the legal effect of Andrew’s fax and Ben’s letter and the explanation of Ben’s text message. QUESTION 1 A contract has many definitions, but one of the simplest definitions for a contract is a â⠂¬Å"promise enforceable by law† (Michael. H, 2010). The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent (agreement) of two or more person, one of them normally making an offer and the other accepting it.If one of the parties (persons) fails to keep his or her promise, the other is entitled to legal recourse against that person. There are seven requirements necessary for a contract to be valid (Riches. S,2009): 1. Agreement The first requisite of any contract is an agreement. At least two parties are required; one of them, the offeror, makes an offer which the other, the offeree, accepts. In this case, Andrew is the offeror and the offeree is Ben. 2. 1 Offer An offer is an expression of willingness to contract made with an intention that it shall become binding on the offeror as soon as it is accepted by the offeree.A genuine offer is different from what is known as an â€Å"invitation to treat†, i. e . where a party is merely inviting offers, which he is then free to accept or reject. The following are examples of invitation to treat: auction, display of goods, advertisements, mere statements of price and tenders. An offer can be terminated by acceptance, rejection, revocation, counter offer, lapse of time, failure of a condition and death. 2. 2 Acceptance Once the presence of a valid offer has been established, the next stage in the information of an agreement is to find an acceptance of that offer. The acceptance must be made while the offer is still open.It must be absolute and unqualified. 2. Consideration The mere fact of agreement alone does not make a contract. Both parties to the contract must provide consideration if they wish to sue on the contract. This means that each side must promise to give or do something for the other. 3. 3 Executory consideration Consideration is called â€Å"executory† where there is an exchange of promises to perform acts in the future , eg a bilateral contract for the supply of goods whereby A promises to deliver goods to B at a future date and B promises to pay on delivery. If A does not deliver them, this is a breach of contract and B can sue.If A delivers the goods his consideration then becomes executed. 3. 4 Executed consideration If one party makes a promise in exchange for an act by the other party, when that act is completed, it is executed consideration, eg in a unilateral contract where A offers ? 50 reward for the return of her lost handbag, if B finds the bag and returns it, B's consideration is executed. There are some rules governed in consideration. Consideration must not be in the past. If one party voluntarily performs an act, and the other party then makes a promise, the consideration for the promise is said to be in the past.Past consideration is regarded as no consideration at all. Consideration must move from the promise. If A (the promisor) makes a promise to B (the promise), the promise wil l only be enforceable (unless made in the form of a deed) if B can show that he has provided consideration in return for A’ promise. Consideration must not be illegal. The courts will not entertain an action where the consideration is contrary to a rule of law or is immoral. Consideration must be sufficient but need not be adequate. It must be possible to attach some value to the consideration but there is no requirement for the bargain to be strictly commercial. . Intention The parties must intend the agreement to be legally binding. The nearest the courts can get to discover this intention is to apply an objective test and judge the situation by what was said and done. The law divides agreements into two groups, social ; domestic agreements and business agreements. 4. Form Some contracts are indeed in writing but the majority are created much more informally either orally or implied from conduct. Generally, the law does not require complex formalities to be observed to form a contract. Some types of contracts which are exceptions to this rule.They are contracts which must be in the form of a deed, contracts which must be in writing and contracts and contracts which must be evidenced in writing. 5. Capacity Capacity is also one of the requirements for a contract to be valid. The parties must be legally capable of entering into a contract. There are, however, some groups of people who are in need of the law’s protection either because of their age or inability to appreciate their own actions. The groups which are covered bu special rules are those under the age of 18 (minors), mental patients and drunks. . Genuineness of consent The most basic requirement of a contract is the presence of an agreement. It must have been entered into voluntarily and involved ‘a genuine meeting of minds’. The agreement may be invalidated by a number of factors which are mistake, misrepresentation, duress and undue influence. 7. Legality The principle of freedom of contract is subject to a basic rule that the courts will not uphold an agreement which is illegal or contrary to public policy. Where the contract involves some kind of moral wrongdoing, it will be illegal.If, however, the conduct is neither immoral nor blameworthy, but simply undesirable, the contract will be void. A court may object to an agreement either because of a rule of common law or because it is contrary to statute. In a nut shell, all the requirements stated above must be met for a contract to exist between Andrew and Ben. Question 2 In the case study given, Andrew’s letter on the 21st February is considered as an offer in the law of contract. An offer is an expression of willingness to contract made with the intention that it shall become binding on the offeror as soon as it is accepted by the offeree.It is clearly stated that its an offer when Andrew wrote a letter to Ben, owner of the retail shop offering to sell him 100 bags of potatoes at 10 per ba g. This is also known as a bilateral contract in the law of contract. An example to exemplify this case (Carlil v Carbolic Smoke Ball). Ben’s reply on the 23rd February is acceptance. He replied accepting Andrew’s offer but adding that if he did not hear from Andrew, he would assume that the price included delivery to his (Ben’s) shop. On the 24th February, the acceptance to be considered as an counter-offer introducing the new requirements.If in his reply to an offer, the offeree introduces a new term or varies the terms of the offer, then that reply cannot amount to an acceptance. Instead, the reply is treated as a â€Å"counter offer†, which the original offeror is free to accept or reject. A counter-offer also amounts to a rejection of the original offer which cannot then be subsequently accepted. This can be seen in the case of ( Hyde v Wrench). Based on the case given, on the 24th February, before Ben’s letter arrived. Andrew heard a rumour t hat the price of potatoes was about to slump dramatically. Andrew immediately sent a fax to Ben, stating that the price includes delivery.This is merely counter offering the previous offer. Therefore, when Ben also heard the news about the slump in the price of potatoes where upon he sent Andrew a text message stating ‘decline your offer of pots’ clearly shows that he varies the terms of the offer and it cannot amount to an acceptance. A counter-offer should be distinguished from a mere request for information. If A makes an offer on his standard document and B accepts on a document containing his conflicting standard terms, a contract will be made on B's terms if A acts upon B's communication, example by delivering goods.This situation is known as the â€Å"battle of the forms†. An example to this is the case of (Stevenson v Mc Lean). Wrapping up the case, in the case of Andrew v Ben, it is undoubtedly seen that counter-offer takes place and hence Ben’s i s competent to reject the delivery of Andrew’s pricey potatoes. Question 3 On 24 February before 10 a. m, Andrew heard rumors about the price drop in potatoes market. He immediately send a fax to Ben stating that â€Å"price include delivery†. This shows that offeror had sent a fax to offeree just to provide additional service without extra charges.As Ben already accept the offer on 23 February, and the offer is now ? 10 per bag of potatoes including delivery fee with extra service provide. The contract is still accepted by Ben and just added additional services which show in fax â€Å"price include delivery† as additional contract terms confirm that Andrew will provide ? 10 per bag of potatoes including delivery fee. Even if offeree does not want to accept additional terms from offerer, offeree is still in a previous contract position which is accepting the contract. On 24 February after 10 a. m, Ben had receive a fax from Andrew which stated that â€Å"price include delivery†.Ben accepts the offer of Andrew for ? 10 per bag of potatoes includes delivery, and so Ben posted a letter to confirm his acceptance of Andrew terms. When a letter is posted, the acceptance of the contract is consider accepted. According to Postal Acceptance Rules, once the letter is posted, it is consider as acceptance no matter it reached the offeror or not at that time (Duhaime, n. d. ). There is a similar case of Postal Acceptance Rule: Household Fire Insurance Co. V. Grant. During 30 September 1874, Grant had applied for 100 shares from Household Fire and Carriage Accident Insurance Company Ltd.The company had accepted Grant offer and allotted him 100 shares on 20 October 1874 which using letter posted the confirmation to Grant address. However, the letter does not reach Grant address which means Grant did not receive the acceptance letter from Household Fire Insurance Company. Grant though that his offer for 100 shares has not been approved. On March 18 77, Grant received a letter demanding payment upon the call of 100 shares. The jury also found that the letter of Grant allotment had been posted on 20 October 1874. For the above case Fire Insurance Co. V.Grant, the court concluded that there was a valid contract base on the Postal Acceptance Rule. Because the rule for post is the acceptance is effective even if the letter did not arrive to the parties. The Postal Acceptance Rule is design to prevent anyone try to opt out of the rule, once someone posted acceptance, the contract had came into effect. This rule can apply to Ben and Andrew case, which Ben posted a letter which confirms the acceptance of the contract terms between Andrew and Ben. Which means once the offeree posted the acceptance letter, the contract is consider bound to the offerer.However, over the lunch time, Ben also heard news about the slump price in potatoes market. Ben immediately sends a text message stating that â€Å"decline your offer of pots† to An drew. This means that after Ben knew about the slump price in potatoes, he send text message to Andrew to reject his offer. This text message is come secondly after the letter posted. According to Postal Acceptance Rule the counter acceptance or rejection will only be replace if the parties mention it from their contract, required receive by offeror in order to be treat as acceptance (Corrigan, 1997).There is a similar case of replace acceptance â€Å"Entores V. Miles Far East Corp†. Entores and Miles Far East Corp are communicated trade agreements through Telex machine. Entores was base in London and send telex for purchase of copper from company Miles Far East Corp base in Amsterdam. Entores found out that Miles Far East Corp was not fulfilled the contract and sue the Corp for damages. Entores sue Miles Far East Corp for breach of contract in English law jurisdiction. It could prove that the contract was formed within the jurisdiction.The court concluded that, when offer is made by telex or text message, the offeror must receive the acceptance. If the offeror is receiving the telex, it is consider contract is bound. This same goes to the letter of Ben post, even if the letter is not reached Andrew, the contract of acceptance is considered to be bound. The text message send by Ben afterward is decide by Andrew either to be accept or to be reject the rejection from Ben. The contract of Ben and Andrew is still ? 10 per bag of potatoes includes delivery is already accepted by Ben.According to Ben and Andrew case, when the price of potatoes drop to ? 7 per bag, Andrew immediately counter offer to Ben include delivery, Ben accept Andrew terms before knowing the price drop in Potatoes. After that, Ben realise the price drop of potatoes, he reject the offer and refuse to accept delivery of Andrew pricey potatoes. If offeree refuses to accept the delivery of offerer pricey potatoes, offeree will be breaching the contract terms and fall under offer acceptance l aw case. As the contract of Ben and Andrew is ? 10 per bag of potatoes include delivery which is accepted by Ben.The contract is still active between Ben and Andrew, once the contract is bind between offeror and offeree is not able to revoke. The following rejection by text message from Ben to Andrew is considered as another term of new offer contract which needed Andrew to be accepting. However, Andrew didn’t reply the acceptance of Ben rejection. This means that, Ben have to stick to the first terms of ? 10 per bag of potatoes include delivery. If the case is bring to the court, mostly Andrew will win the case as according to the contract terms, Ben already accept the offer of ? 0 per bag of potatoes include delivery. The offeree (Ben) had accepted the offer at first and the counter rejection of offeree will not be taken in place if the offeror (Andrew) did not want to accept the rejection from offeree. If the offeror (Andrew) did not accept the counter rejection, it consid er as Ben accept the offer and need to purchase ? 10 per bag of potatoes include delivery from Andrew for 100 bags. If Ben is still refuse to accept the Andrew offer, Ben will need to pay compensation to Andrew for breach of contract. Question 4On 21st of February, Andrew is salesman at Wholesome Vegetables Ltd, who offered to sell 100 bags of potatoes at ? 10 to Ben, owner of retail shop. On 23rd of February, Ben replied accepting Andrew’s offer but adding the delivery to his (Ben’s) shop into the price if he did not hear from Andrew. It means the price of potatoes is ? 10 per bag included delivery. On 24th of February, Andrew heard that the price of potatoes is going to fall down dramatically and later Ben is received a fax from Andrew stated that â€Å"price include delivery†. Before 10 a. m, Ben received Andrew’s fax and he accepted the offer of Andrew for ? 0 per bag of potatoes included delivery. After Ben sent a fax to Andrew about his acceptance, both of them already formed a contract of law. The issue appeared in this case when Ben knew about a slump in the price of potatoes over lunch, he sent Andrew a text message â€Å"decline your offer of pots† and he was too late to revoke his acceptance of Andrew’s term because they already made a contract after 10 a. m on 24th of February. The reason Ben wanted to revoke the contract because the price of potatoes in contract that Ben have to pay for Andrew is more expensive than after a slump in the price.Revocation is effective when it is communicated to the offeree before he or she has accepted the offer (Will and Weinstein, 2010) Revocation is one of termination of contract that has similar situation in this case: Byrne and Leon van Tienhoven [1880]. On 1st of October, Leon Van Tienhoven were defendants located in Cardiff, they sent a letter from their office to Byrne ; Co in New York offering to sell the plaintiffs 1,000 boxes of tin plates. On 11th of October, the plaintiffs immediately telegraphed acceptance of offer after they received the letter and it is confirmed in a letter posted on 15th of October.Meanwhile, on 8th of October, the defendants had written a letter to revoke their offer, and it came to plaintiffs on 20th of October. A binding contract was held, because revocation was only influenced by communication, however, the acceptance was telegraphed took effect as soon as it was sent. In this case, it took 9 days from 11th to 20th of October for plaintiffs to received revocation. On 11th of October, the contract had been made already at that time the second letter form defendants reached the plaintiffs.The contract had been existed in this case when the claimants accepted the defendants’ offer at that date. Lindley J, who was giving judgment for plaintiffs, stated that â€Å"the extreme injustice and inconvenience which other conclusion would produce† (Cheshire, Fifoot ; Furmston’sLaw of contract, 1996). This issue happened because the letter of revocation had no communication to the offeree. According to Introduction to the law of contract, the offer could be revoked by offeror without telling offeree, and the information may be conveyed by a reliable third party.In the case of business, a letter from offeror to offereeon a normal working day should be treated as a communication even if unopened (Cheshirem, Fifoot;Furmston’s Law of contract, 1996). Held: In this particular case, Lindle J had no authority in fact given by the plaintiffs to defendants to inform a withdrawal of their offer by posting the letter, the fact is the letter of the 8th of October is be treated as communicated to the plaintiffs on that day or any day before the 20th. ConclusionIn conclusion, Ben has a legal binding contract with Andrew. According to the case of Andrew v Ben, it is noticeably seen that the whole cased is based on the law of contract. A contract may be defined as a legally binding agreement or, in the words of Sir Frederick Pollock:†A promise or set of promises which the law will enforce†. The agreement will create rights and obligations that may be enforced in the courts. It is classified as a contract is deed and it is known as a bilateral contract.This imply where a promise of one party is exchanged for a promise by the other. The exchange of promises is enough to render them both enforceable. Thus in a contract for the sale of goods, the buyer promises to pay the price and the seller promises to deliver the goods. The elements involved in the contract are agreement, consideration, intention to create legal relation and consent. A contract which possesses all these requirements is said to be valid. The absence of an essential element will render the contract void, voidable or unenforceable.The terms of the contract is Ben accepting 100 bags of potatoes for ? 10 per bag of potatoes including delivery fee from Andrew. If let say offerer (Andrew) accept the rejection of offeree (Ben) text message, the acceptance contract will be terminated. However, if offerer (Andrew) still deciding to supply the stock of potatoes to offeree (Ben), Ben would have to purchase the 100 bags of potatoes with ? 10 per bag of potatoes including delivery fee. On the other hand, if offeree (Ben) refuses to accept the 100 bags of potatoes with ? 0 per bag including delivery, offerer (Andrew) can sue offeree (Ben) for breach of contract. The probability of claimant (Andrew) could win the case is high as defendant (Ben) has proven accept the acceptance contract terms. In our opinion, this case study is related to offer and acceptance rules. The oferee (Ben) should accept the 100 bags of potatoes for ? 10 per bag of potatoes including delivery fee as offerer (Andrew) has an evidence of acceptance contract binding between Ben and Andrew.

Tuesday, October 22, 2019

Project Plan for Whitbread World Sailboat Race

Project Plan for Whitbread World Sailboat Race Free Online Research Papers The Whitbread World Sailboat Race is a nine month round the world race. Bjorn Ericksen has been chosen to head his country’s crew. This entails development of a design, construction of the vessel, and formation of a crew to train for competition in the upcoming Whitbread Sailboat Race. This project must be completed within a 45 week time frame and maintain a planned budget of $3.2 million. Management of this current project requires analyzing of Ericksen strategy, the plan to reduce project duration, the project closure approach, and completion of the project. This paper will show the advantages of crash time, maintaining of performance, budget overruns cost and completion of the project. First one must begin with the strategy of the project. Bjorn Ericksen Project Strategy Analysis Bjorn Ericksen has been selected to represent his country for the Whitbread World Sailboat Race as the project manager. â€Å"Bjorn is pleased and proud to have the opportunity to design, build, test and train the crew for next year’s Whitbread entry for his country.† (Gray-Larson, 2005, p. 305) To begin compiling his winning team Bjorn has hand picked to key person for the team. He has chosen as his chief design engineer, Karin Knutsen and as his master helmsman, Trygve Wallvik. Both men will have the responsibility of getting next year’s entry ready for the entries parade in the United Kingdom. The parade takes place on the Thames River which signals the beginning of the race. Bjorn sees two parallel path running through the project; design and construction and training of the crew. The new crew will need to train on the previous year’s vessel until this year vessel is complete and ready for trails. The goal is to have the crew ready to compete and a winning vessel within the next 45 weeks, with the cost of $3.2 million. The new vessel must be ready within the 45 weeks to leave port to begin the race in the United Kingdom. The Whitbread Round the World Yacht Race began in England in September 1973. The race itself was conceived by the Royal Naval Sailing Association over a pint of beer some 30 years ago and was sponsored by a London-based brewery company. Each year countries enter sailing vessels in the nine-month Round the World Whitbread Sailboat Race. In years, about 14 countries entered sailboats in the race. Each year’s sailboat entries represent the latest technologies and human skills each country can muster. (Gray-Larson, 2005, p. 304) The race has since changed its name to the Volvo Ocean Race and is run every four years. Karin has slated the first six weeks for the design of the vessel. After the design is finished, projected construction of the hull will take approximately 12 weeks. Accessories such as the mast and sail will arrive in 15 weeks. After the hull, the ballast tank should take two weeks to install. Building of the deck and coating the hull can be completed at the same time. Next all order parts should have arrived and are ready for installation by the crew. When the remaining parts have been installed, testing of the vessel can begin which should take approximately five weeks. The team leaders show a projection of cost starting at $3,152,000 for the race under normal conditions, this would require approximately 50 weeks to complete the project. The team also has a crash time projection and cost of an alternate plan in case of delays or other unforeseen circumstances. However, based on those projections the project could be finished in 42 weeks with a budget around $4.952 million. Based on the first plan from items from the Activity Chart with items A through K, which is from design to testing, the approximate cost is $2,520,000 and will take 36 weeks to complete. The component is selecting a crew, once the crew is selected and equipment purchased. The crew must develop a sailing program as well as a maintenance program must began, this take approximately 15 weeks. After the initial training, the sea trials will take approximately 8 weeks. At this point from M to S of the Activity Chart the cost is approximately $270,000. The operating expense of both boats is $162,000; $60, 000 for the old boat and $102,000 for the new boat. The direct cost of the sea trials will be $200,000 and the indirect cost is $48,000 for the use of the boat. The schedule from design to the sea trials is 44 weeks, the schedule time of 46 weeks from training the crew to the sea trials. This means that scheduled time must be reduced in order to reach the goal and arrive at the starting point on time to begin the race. Plan to Reduce Project Duration The initial cost of the current schedule will cost approximately $3.152 million and will take approximately 50 weeks to finish. The current project estimates are under budget, but the time frame is not acceptable. Bjorn needs to decide which activities need to be crashed, and understand the priorities of the project. The team must define the project’s scope. â€Å"Defining the project scope sets the stage for developing a project plan. Project scope is a definition of the end result or mission of your project- a product or service for your client/customer. The primary purpose is to define as clearly as possible the deliverables for the end user and to focus projects plans.† (Gray-Larson, 2005, p. 100) The project scope is based on independent critical paths, design and construction. The total time for completion of this project is 46 weeks; however, the race begins in 45 weeks. Bjorn, Karin and Trygve spent the first two weeks planning and estimating the cost of the project. This leaves 43 weeks before the vessel must leave for the United Kingdom. After reviewing the Activity Chart items A-S, the project plan is refined by developing a plan to see which cost estimates should be crashed to meet their current deadline. This critical plan runs activities A, B, C, G, R, S, and L, which will take approximately 50 weeks. This is taken in consideration comparing the maximum crash times, still does not reduce the time of the project enough to meet the time frame needed. It does however, increase the cost significantly. In order to reduce project, Bjorn must reduce the activities of the critical path. The goal is a reduction of seven weeks from 50 weeks to 43 weeks. To do so activities A, B, R, S and L must change, doing so will decrease the project time by eight weeks, activities C and G show no signs of change from either normal or crash times. Limiting activity L could save money, it has a crash cost of $250 per unit. â€Å"One of the primary jo bs of a project manager is to manage the trade-offs among time, cost, and performance. To do so, project managers must define and understand the nature of the priorities of the project† (Gray-Larson, 2005, p. 103) this is done by using a project priority matrix. In the case of Whitbread Sailboat Race, time is a fixed factor. The delivery of a crew and vessel are pertinent to the race. The race has a fixed start time that cannot be missed, to do so would mean the project has failed. The cost is higher, the crew and vessel are of higher qualities, which is need for the performance needed to win the race. â€Å"Reducing quality is always an option, but it is rarely accepted or used. If quality is sacrificed, it may be possible to reduce the time of an activity on the critical path.† (Gray-Larson, 2005, p. 287) A two week reduction in the hull design would compromise the performance of the vessel based on the quality used. This reduction could result in a defeat in the race, since the best design was not used and could always increase flaws in the construction of the vessel. To create crash time, the building of the hull should overlap the designs final stages. The overlapping of these activities would provide time for activities outsid e the critical path. The current team is already on hand to save money and avoid hiring other crew. Authorization of overtime would be the easiest way to maintain the time constraints and eliminates the need for personnel that are unfamiliar with the project to be hired. This would provide additional crash time. The project manager must maintain the critical path and crash times to achieve the success of the project. Project Closure Approach To begin the project closure a project audit must be performed. The project audit has three major tasks. 1) Evaluate if the project delivered the expected benefits to all stakeholders. Was the project managed well? Was the customer satisfied? 2) Assess what was done wrong and what contributed to successes. 3) Identify changes to improve the delivery of future projects. (Gray-Larson, 2005, p. 461) The two project audits are in-process project audits or post-project audits. The in-process project audit checks the project progress and performance, and then allows for any change that may be needed. The post-project audit consists of the completed project, making improvements for any future projects. Although these audits cost time and money they should be done quickly, to ensure that resources are not wasted. In-process audit can create friction within the project, so it should be performed carefully to maintain the project team morale. It should provide both positive and constructive feedback, and should be performed by an independent audit group to maintain it’s not bias. After each audit, information has been collected and analyzed to see what needs to be changed and any improvements recommended. As the project comes to the close. The closing stages will begin. After the vessel has been built, the old vessel must be off-loaded. The crew will begin work on the new vessel. The old vessel must be sailed to the home port. After the construction has been completed the building crew can be downsized. Since several were specialist in their craft, their services are no longer needed. The implementation phase of the project, each member of the crew is encouraged to keep working journals. The journals will provide a record of the high and low of the project from beginning to the end. The journals may be used for future information and data for future projects. After the vessel is completed the old vessel must be returned. After the trials are complete, and celebration will be planned to accumulate the closure of the project for the crew and staff. The planned celebration is just the beginning before the crew sets sail to the United Kingdom for the Whitbread Sailboat Race. The new vessel and crew will sail to the Thames River in England. At this point in the project the project has reached completion. The journals have been collected and Bjorn will have to compile a final report with the help of the crew. This report will provide in detail the overall expense of the project. The time table it has taken to complete each step of the project. The report should document best practices and lessons learned by the crew for the duration of the project. These will provide a road map for future project managers to follow. The report should shed light on the time table, and show that the program must be started sooner, because 45 weeks is not enough time to launch the project successfully. Each report will provide pertinent information for future project manager, demonstrating from start to finish the best practice for the Whitbread Sailboat Race. From selecting a project manager, crew, design, to sailing to the end of the race. Project Closure consists of develo ping a plan, selection of a crew, communication of plan and plan implementation. The following questions should be answered. 1) What tasks are required to close the project? 2) Who will be responsible for these tasks? 3) When will closure begin and end? 4) How will the project be delivered? After these questions have been answered, implementation of the close down plan is the next step. The plan includes five activities, 1) Getting delivery acceptance from the customer. 2) Shutting down resources and releasing to new uses. 3) Reassigning project team members. 4) Closing accounts and seeing all bills are paid. 5) Evaluating the project team, project team members, and the project manager. These evaluations are essential to the successful closure of the project. Conclusion Bjorn Ericksen, the project manager has selected the best team possible. With his follow crew members Karin Knutsen and Trygve Wallvik. Bjorn shares his two parallel paths running through the project-design and construction and crew training. This critical path network has developed a time line of 43 weeks; the critical path will take 50 weeks. Bjorn decided to apply crash time to certain activities on the critical path to regain 7 weeks to make the schedule of 43 weeks. If the 7 weeks are not regained the project deadline or beginning of the race will have passed, meaning the project has failed. After the completion of the project the deadline has been met, the project has gone over budget. In some case this would be unacceptable; the cost is not a factor. The successful project used overtime to speed efforts with staffing. After the celebration was complete, Bjorn and his crew prepare for the nine month journey around the world. Bjorn team should be prepared to design build and sai l the vessel to a successful victory. After the race has been finished, performance reviewed, they will be prepared to compete and possibly defend in next year’s race. References Gray, C. and Larson, E. (2005). Project management: the managerial process (3rd ed.). New York: The McGraw-Hill Companies. Gray, C. and Larson, E. (2005). Project management: the managerial process (3rd ed.). Whitbread World Sailboat Race: Case Study New York: The McGraw-Hill Companies. Volvo Ocean Race. Retrieved on September 10, 2008 from volvooceanrace.org/ . Table 1 Optimal Solution Implementation Plan Action Item Deliverable Timeline Who is Responsible Kickoff meeting 7 days Bjorn Ericksen Estimated cost project schedule 14 days after the initial kick-off Bjorn Ericksen, Karin Knutsen, Trygve Wallvik Sailboat design Week 3-9 Karin Knutsen Crew Selection Week 3 Trygve Wallvik Secure Housing Week 3 Crew Construction of Hull Week 12 Karin Knutsen Order Mast Week 8 Karin Knutsen Order Sail Week 6 Karin Knutsen Order Accessories Week 15 Karin Knutsen Routine Sail and Maintenance Week 15 Trygve Wallvik Order Crew Equipment Week 15 Trygve Wallvik Deliver Boat and Crew Week 45 Trygve Wallvik Return Old Boat Week 23 Crew Project Celebration Week 44 Crew Project Closure Week 48 Bjorn Ericksen Research Papers on Project Plan for Whitbread World Sailboat RaceThe Project Managment Office SystemAnalysis of Ebay Expanding into AsiaRiordan Manufacturing Production PlanMoral and Ethical Issues in Hiring New EmployeesResearch Process Part OneLifes What IfsOpen Architechture a white paper19 Century Society: A Deeply Divided EraNever Been Kicked Out of a Place This NiceIncorporating Risk and Uncertainty Factor in Capital

Monday, October 21, 2019

HOW TO WRITE A CRITIQUE FOR A THEATRICAL PERFORMANCE Essays

HOW TO WRITE A CRITIQUE FOR A THEATRICAL PERFORMANCE Essays HOW TO WRITE A CRITIQUE FOR A THEATRICAL PERFORMANCE Essay HOW TO WRITE A CRITIQUE FOR A THEATRICAL PERFORMANCE Essay How to Write a Critique for a Theatrical Performance A critique is an evaluation ofa performance of a show. It should contain five paragraphs. 1. Paragraph I†The Basics Include the answers to the five Ws: Who (the playwright, directors, and actors What (the title of the play) Where (the name of the school or theater) When (when did you see it? ) Why (In a few sentences, state the basic theme of the show) 2. Paragraph 2†The Plot Briefly summarize the plot of the show: How well did the story work? Was it interesting, entertaining? Did you like the actual script? 3. Paragraph 3†The Acting Reactions to the performers playing the characters in the play: Use their real names and character names Were they believable? How was their volume and articulation? Did their gestures and body movement stay true to the character? 4. Paragraph 4†The Design set: Did it establish a definite mood and correct time period for the play? Lights: Did they convey appropriate mood, emphasis, and brightness? Costumes and Makeup: Were they true to the period of the show and to the characters? Sound: How did the sound effects and music contribute to the shows mood? If this performance was a musical, what is your opinion of the orchestras performance? 5. Paragraph 5†The Reaction What is the plays effect on the audience? Was the audience attentive? Was the audience interested? What was your opinion of the show as a whole? Back up all your opinions with valid reasons. Be objective, fair, and sincere. Evaluate the entire production. Be constructive. Indicate good points along with those you felt needed improvement. Enjoy the show†dont go to be overly critical.

Sunday, October 20, 2019

How to Overcome Insecurity in the Workplace

How to Overcome Insecurity in the Workplace Workplace insecurity is a thing- even for people who wouldn’t normally consider themselves â€Å"insecure.† Particularly for women, feeling less than on the job is a constant struggle- and usually, the feelings aren’t even warranted. Help yourself diagnose the most common workplace insecurities and figure out how you can overcome them. You’ll be much more productive and fulfilled if you do.1. Lack of TalentOkay, so right away you can probably write this off. You got hired for this job, didn’t you? So you can’t possibly be as underqualified or untalented as you think. Take a step back and stop comparing yourself and your work to that of your peers. Remember that your skill set and experience is unique and might bring something slightly different to the table than those of your coworkers- even if those might seem more impressive from where you’re sitting. And if you’re still feeling like you could know and do more†¦ learn a n ew skill or get a new qualification in an online course.2. Lack of AdvancementYou’re watching people get promoted all around you and you’re worried that you’re not advancing as fast as others. Don’t let the envy or resentment pull you down. Focus on your work. Sit down with your boss and have a chat about what you need to do to grow and start moving forward. Get clear on your expectations and then figure out how to exceed them!3. Lack of MoneyYou’re not supposed to talk about money in the office environment, but chances are you’ve been observant enough to know (ballpark) what the people around you are making. If this makes you feel inadequate, remember to make the focus on you: what could you be doing to qualify for a raise? Talk to your boss. Look around for other jobs, especially if you feel you’re not being rewarded for your skillset and work level.4. Lack of PopularityIf you feel your social skills aren’t quite up to par, s tart stepping up. Ask how you can be of help to coworkers. Go the extra mile. They will remember when the tables are turned and you need help. Plus, you can use their gratitude to build rapport and a better, warmer relationship.If you’re really stuck, there are lots of resources out there for improving your public speaking and social skills. Make use of them! And if you feel invisible on the job, start looking for ways to make yourself stand out a bit more. Take on high profile projects, come early, stay late, etc. A few calculated risks can put you in a much better position to be noticed and then valued.Remember that everyone makes mistakes and everyone is afraid of getting fired- at least at some point. Show up on time, do your job well, present yourself personably and professionally, and you should be in good stead. When in doubt, it’s always a good idea to solicit constructive feedback. Ask questions. Find allies. Trust your gut instincts.But more than anything: do your job and do it well. Go above and beyond. Rise above. There’s no better way to combat your insecurity than to achieve beyond even your own expectations. Just remember to take a proper moment to celebrate those achievements every time they occur.

Saturday, October 19, 2019

Income and Substitution Effects of a Price Change Essay

Income and Substitution Effects of a Price Change - Essay Example Complete, reflexive and transitive are the axioms of consumer theory. The theory of consumer preferences can be formulated on the basis of the above axioms (Samuelson, 1956. p.3). The two axes represent a typical consumption of a consumer of goods 1 and 2. A consumption bundle (x1,x2) is taken along with the other consumption bundles that are preferred weakly to the selected bundle. This is what we mean by a set that is weakly preferred. The indifference curve is formed by the bundles forming the boundary of the selected set i.e. the bundles that will provide the consumer as much satisfaction as the selected bundle. The indifference curve can be drawn through any consumption bundle. One of the disadvantages in using indifference curve analysis is that it shows only the consumption bundle perceived by the consumer is indifferent. It fails to capture the bundles which are better or worse. One of its characteristics is indifference curve that represents distinct preferential levels cannot cross. The rate at which the consumer likes to substitute goods is called the marginal rate of substitution. MRS is derived from the slope of the indifference curve The budget constraint of the consumer is p1x1+p2x2=m. The consumption of good 1 is taxed at a rate of t. The new budget constraint will be (p1+t)x1+p2x2=m. The effect of the change in price on the demand conditions is shown in the figure below. The set of bundles that are preferred by a consumer to the optimal choice is above the indifference curve and the set of bundles that is against the affordability is above the indifference curve. Hence the optimal choice is the best bundle that can be chosen by the consumer. Now, an income tax is taken into consideration which raises the revenue by the same amount as the tax. The form of that budget constraint will be p1x1+p2x2=m-tx1*, where tx1* is the rise in revenue because of tax.

Friday, October 18, 2019

Lab2 Lab Report Example | Topics and Well Written Essays - 500 words

Lab2 - Lab Report Example The page also provides information about the career path certificates for those who may want to specialize. On the page is other information relating to service courses such as computer software tools and computer programming tools (Lane, 1996). In case a student needs financial aid, he or she can visit the Student Resource Center (SRC), located on the second floor of Building 1, Room 206. The SRC personnel helps students in solving non-academic matters while in the campus or the community. Under life and family, there is support for a wide range of information. The information provided include childcare, where families of the students can enroll their children in child care. Counseling guides students on academic, career and personal needs. Disability resources announcing the resources available for students with special needs. Health clinic provides information on healthcare for students. Housing & Titan Court, advising students on the best and affordable houses they can rent. Multi-cultural center gives information on where students can get best hospitality services. Other information under current students’ resources include employment, transportation, veteran’s services and women’s center (Lane, 1996). Academic advising department provides each student with program advising team. Electronic advisory services such as Moodle. The electronic resources help the students research and discover answers to a wide range of academic and career questions (Lane, 1996). a) The information on this page is varied, though all related to the University of Oregon. It provides links to the various section of the university. For instance, there is information on job openings, maps detailing directions to the University, the office of admissions, blackboard, academics and events calendar. The page also provides links to some institutes of the university like the Institute on violence and destructive behavior. b) The URL opens a webpage

Current Situation in Diversity Management in the Workplace Essay

Current Situation in Diversity Management in the Workplace - Essay Example Thus, diversity in management is essential in the current state of economic affairs. Diversity in workplace helps the organizations to attract businesses, corporations and government talents from almost all the directions. It also helps the companies to tap emerging new markets and enjoy the fruits of efficient government policies (Cook, 24). Managing diversity in the firms involves observing legal and policy requirements in a very simple manner. In the current epoch diversity in workplaces helps companies to promote community and comfort with differences (Williams 17). Finally diversity in the workplaces helps firms to achieve successful growth in the long run. Workplace diversity provides immense benefits to an organization. The business firms can expand their thoughts outside-the-box and enjoy efficient teamwork with diversity in managements. A cordial atmosphere of mutual understanding and respect is enjoyed by the workers in an organization that diversifies its workplace.  "A company’s performance is always linked to its ability to recruit the right people. People want to work for companies that demonstrate that diversity matters. There needs to be a sustained culture assault down the supply chain that business must encourage.† (Shakhray 6). ... In order to compete in the growing economy, it is important for the business organizations to select the brightest talent in their agencies. This is easily executed in the current era with diversification of management of the workplaces. More innovative and creative solutions are formulized nowadays by the business firms by diversifying in terms of experiences and skills. Significant improvement in both workplace productivity and work performance can be enjoyed by the firms in the current economy with the help of diversification of bureau. Briefly, diversity of work is the actual key that is responsible to foster the economic growth of the current period. Case Study: Workforce Diversity in U.S. U.S. is a highly developed country in the world both in terms of social and economical development. The rate of urbanization in the country is above 80%. The Gross Domestic Product (GDP) as well as GDP per Capita is improving significantly in U.S. with time. About 79.7% of the total population in U.S. is engaged in the service sector. The service sector of the country is highly diverse in terms of skill, race, gender etc. Approximately 155,163,000 was the labor force of U.S. in July 2012. This strength included the workers who were actively employed as well as those who were seeking employments. Figure 1: Workforce diversity in US (Source: American Progress, â€Å"The State of Diversity in Today’s Workforce†) The graph above enumerates the current workforce diversity in the U.S. market in 2011 in the employment sector. It is visualized from the above graph that 16.49% of the total workforce works in the state owned public sectors in U.S. 10.58% and 3.8% are the proportions of the people working in

Thursday, October 17, 2019

Group Effectiveness Essay Example | Topics and Well Written Essays - 1750 words

Group Effectiveness - Essay Example Having said this, this part of the paper is aim at finding and assessing group effectiveness in the work place. standards of those using the output; Capability to work interdependently: the degree to which the group's members are able to work together in the future; and growth and well-being of members: the degree to which the experience of being in the group enhanced the individual members through the common goal (Hackman, 1990). Thus group effectiveness refers to the work quality of a work group. This will be illustrated using ASDA an international retail company with headquarters in the States. According to the work group model developed by Hackman (1990), the group that performs its assigned task well but is not able to work together in the future is not a truly effective group. ASDA is WALMART in the United Kingdom. At the stores, employees are defined within the roles they occupy and by departmental functions all working for a common goal. These group members, though working as a group are able to work independently in the absence of a group member. While, groups in ASDA are defined within various functions (e.g., Stocking group, cash department group, teller functions, security group etc) these are all indicative of the effectiveness of the various groups. Group effectiveness at ASDA supermarket, is further identified through a collective sense of "We" feelings amongst the group members. Thus at ASDA the life of a group and it members must be accounted for in determining the effectiveness of the group. This again can be seen from the common a shared common goal. For ex ample, ASDA UK sales have increased in the past two years. Again, return on assets and return on capital employed has also increased. Thus, based on Hackman (1990) argument that a group is effective once the output of the group is acceptable and satisfied those who consume it. 1.1.3 Assessing Group effectiveness at work Place According to Hackman (1998) review, group effectiveness can be assessed from different dimension. The researcher cited Hackett (1995) who illustrated the role of self-efficacy in career choice and development, she illustrates that self-efficacy plays a strong role in individual career choices. To assess the effectiveness of the group, attention should be paid at group commitment and output. At ASDA, employee's group effectivene

Economics questions Assignment Example | Topics and Well Written Essays - 1000 words

Economics questions - Assignment Example new or used durable good, the importance of branding and quality in her decision, and her decision to purchase an item that has a warranty or guarantee . A risk-averse customer will trade savings for decreased risk; she will thus be less likely to buy used goods, good she perceives to be of an inferior quality or brand, and more likely to invest in a durable, expensive good which in its price includes a warranty or service guarantee for a period of time. . b. [10 marks] A refrigerator company includes a warranty that provides for free service and repairs during the first two years of ownership of any new refrigerator. The number of reported repairs rises after the warranties are introduced. Explain why this has occurred, referring to both the concepts of moral hazard and adverse selection. This phenomenon can be understood using the concept of moral hazard, in that customers who perceive the warranty to be â€Å"free† or included in the price of the good, might have purchased a refrigerator with or without a warranty, experience the cost of using that warranty once they have purchased the good to be zero. Therefore, problems that might otherwise have been tolerated (such as cosmetic defects), or repaired at the cost of the consumer (such as small parts) are now reportable, warranty-covered repairs. This phenomenon might also be explained by adverse selection, namely that under certain conditions customers and vendors may have differential access to information. Customers may be aware of conditions they intend to expose the refrigerator to (such as extreme heat) that will likely shorten its lifespan or durability, but which the vendor and guarantor of the warranty is unaware of. Customers with such undisclosed intentions may be more drawn to manufacturers offering warranties and thus become over-represented in population of customers once the warranty is introduced. c. [5 marks] In order to solve the problem of excessive repair requests in (b), the

Wednesday, October 16, 2019

Oil drilling in the ANWLR Essay Example | Topics and Well Written Essays - 250 words

Oil drilling in the ANWLR - Essay Example The necessity of oil in driving the local economy cannot be understated. Many Americans need it for fuelling their vehicles, farm and industrial machinery. According to the ANWR website, a majority of Americans continue to experience the burden of expensive gasoline prices. This ironically occurs in a country with over 21 billion barrels of unexploited oil reserves but still spends billions of dollars in importation of oil (Arctic Power). However, past polls conducted by the ‘Dittman Research Corporation’ among the Alaskan populace, showed that over 78% are in support of oil exploration and development in the ANWR (Arctic Power). The opponents against oil drilling in ANWR argue that it would destroy and deface the natural landscape as well as threaten wildlife survival (Natural Resource Defense Council). However, the argument is further from the truth due to several reasons. Foremost, technology advancement has led to the development of oil drilling equipment that cause less â€Å"footprints† on the surface. Consequently, oil drilling in Prudhoe Bay would affect less than 60% of the natural landscape (Arctic Power). Moreover, the argument on disturbance or extinction of wildlife is fallacious since past drilling projects on Alaska have not harmed wildlife in the area. Furthermore, the drilling plans for ANWR are scheduled to occur during winter months when wildlife activity is scarce (Corne & Gelb). The other alternative proposed to oil drilling has been the investment in alternative and renewable sources of energy by Congress. It is a fact that investment in renewable energy is far much cheaper compared to oil exploration and development. However, the possibility of Congress devoting more investment to renewable energy at the expense of oil is quite a challenge. Foremost, a significant portion of Congress members benefit from oil

Economics questions Assignment Example | Topics and Well Written Essays - 1000 words

Economics questions - Assignment Example new or used durable good, the importance of branding and quality in her decision, and her decision to purchase an item that has a warranty or guarantee . A risk-averse customer will trade savings for decreased risk; she will thus be less likely to buy used goods, good she perceives to be of an inferior quality or brand, and more likely to invest in a durable, expensive good which in its price includes a warranty or service guarantee for a period of time. . b. [10 marks] A refrigerator company includes a warranty that provides for free service and repairs during the first two years of ownership of any new refrigerator. The number of reported repairs rises after the warranties are introduced. Explain why this has occurred, referring to both the concepts of moral hazard and adverse selection. This phenomenon can be understood using the concept of moral hazard, in that customers who perceive the warranty to be â€Å"free† or included in the price of the good, might have purchased a refrigerator with or without a warranty, experience the cost of using that warranty once they have purchased the good to be zero. Therefore, problems that might otherwise have been tolerated (such as cosmetic defects), or repaired at the cost of the consumer (such as small parts) are now reportable, warranty-covered repairs. This phenomenon might also be explained by adverse selection, namely that under certain conditions customers and vendors may have differential access to information. Customers may be aware of conditions they intend to expose the refrigerator to (such as extreme heat) that will likely shorten its lifespan or durability, but which the vendor and guarantor of the warranty is unaware of. Customers with such undisclosed intentions may be more drawn to manufacturers offering warranties and thus become over-represented in population of customers once the warranty is introduced. c. [5 marks] In order to solve the problem of excessive repair requests in (b), the

Tuesday, October 15, 2019

Sensory Marketing - Abercrombie and Fitch Essay Example for Free

Sensory Marketing Abercrombie and Fitch Essay Sensory Marketing by Abercrombie Fitch This sensory marketing aims at inciting the customers to come to cross(spend) a pleasant moment while encouraging them to buy but also and especially to return. The sight. The filtered light emphasizes the clothes which thanks to their colors warm the store. Then there are also the salesmen with perfect physical appearances! They are all models. The men are especially tanned with developed muscle and the women have a natural beauty. The brand encourages the quest of beauty and let it know. The employees all adopt fashionable student look The hearing, By the ambient, very modern and young music : electro music. It gives to every shop an nightclub aspect very trendy for this new target. The smell One of the most important aspects because it is the one which remains in us in head once taken out of Abercrombie and Fitch. The salesmen have to vaporize the clothes of the Abercrombie perfume : the fierce the tactile side is very advanced. In the store its possible to get, unfold, and try clothes as long as you want, you don’t need to ask for a salesman. This aspect is very important because he allows to judge the quality of the product. A little of eroticism comes then to the end of the route(course). Yes because it is possible to take a photo with one of the torses models nude to remember. What will allow the consumers not to forget this shop and of their to give the envy(urge) to return. Conclusion The brand does not only content with proposing the sale of T-shirts and polos. She invites the consumer to live an original experience in an outstanding atmosphere.