Commerative speech on Bruce Lee Essay Example

Commerative speech on Bruce Lee Paper Introduction Born between 6 and am on November 27 1940, both the hour and year of the dragon, his symbolic birth marks the start of a new age, the age where a new martial art style is created which supersedes any other form of martial arts that has ever existed, the age where the Asians will never be looked down upon again by the Westerns, the age of this powerful man called Bruce Lee. Bruce Lee is a Chinese born in the States who was introduced to his first martial arts style called Wing Chunk at the early age of 13. Despite being relatively small in size for an Asian, he possesses the tremendous amount of speed and strength He was very dedicated to martial arts and trained very diligently to win in various boxing championships. He then got interested in acting as a career later in his life and became one of the most influential pop culture figures in American and around the world. His philosophy in martial places huge emphasize on mimicking the nature of water; being able to adapt to any situations by continually moving to find a way around obstacles. His philosophy also stressed the idea that one must adapt what is useful, remove what is unneeded, and create something unique. This important system could be easily applied to many specializations in life which is why it has such a profound impact on individuals from various walks of life. He brought Asian culture into American society ND helped to remove stereotypes between the East and the West. Bruce Lee revolutionized the depiction of unarmed combat in action films, laying the foundations for future action stars such as Sylvester Stallion, Arnold Schwarzenegger, Chuck Norris, and more recently, Jackie Chain and Jet Lie. Having a huge impact on many of them and he also helped to open the doors for Asians in American cinema. He possesses an indomitable spirit from the determination to get into the Hollywood acting industry despite the countless setbacks and rejections he as faced. Body He has contributed greatly to the martial arts community. We will write a custom essay sample on Commerative speech on Bruce Lee specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Commerative speech on Bruce Lee specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Commerative speech on Bruce Lee specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Being an exceptional martial artist, he synthesized various national martial techniques which included various aspects taken from karate, Kemp, boxing, ate swoon do, Judo, Juju-jujitsu, gung if and other forms of unarmed combat and revolutionized it by creating his own fighting system called Jet June Do, which he described as the style with no style. His new fighting system was arguably the forerunner of what is known today as mixed martial arts, which is best recognized by he organization the Ultimate Fighting Championships (AFC). The founders and fighters of the JIFF unanimously agree that Bruce Lee was one of the godfathers of mixed martial arts. Lee emphasized constant evolution via cross-training by absorbing what was useful and rejecting what was not. Brought martial arts to prominence in the West. When asked what kind of black belts he possessed, Lee replied I dont have any belt whatsoever. That is Just a certificate. Unless you can really do it that is, defend yourself successfully in a fight that belt doesnt mean anything. I think it might be helpful to hold your pants up, but thats about it. Hence, the notion that anyone with dedication can be a master appealed to the masses and became the basis of his message. He wanted to break down Asian stereotypes through films Being an American Chinese, he wanted to change the depiction of Asian people in Western films. In all of his films, he wanted to represent a strong, masculine, and dominant Chinese-American hero that was proud of his cultural heritage and openly embraced both his American and Chinese background. As a Chinese-American icon, Lee did more than any other actor in the period to advance the cause of racial equality for Asians living in the United States. A definitive statement from his second Hong Kong produced martial arts film, Fist of Fury (1972), that the Chinese are no longer the sick men of Asia reinforces one of the key messages he was seeking to promote throughout his life: that Chinese Americans were not the weak and subservient individuals that the American media stereotypically portrayed. The racism he experienced in China, compounded with the subtle, and sometimes overt, call discrimination he felt in America, arguably convinced him that the Asians needed to be portrayed as strong individuals that could overcome the lingering stereotypes that plagued them. He emerged as an international star and eventually helped breakdown stereotypes through films to make Chinese Gung If generally accepted by Caucasians. He does not only stand on the Chinese side. Bruce Lee was one of the first Chinese Gung If teachers in the United States to teach non-Chinese. Despite the Chinese community not allowing him to set up his own martial arts school to take in non-Chinese, he did not allow racial discrimination to affect him. He instead chose to see people as individuals and stood his ground, even though he was challenged to fight as an ultimatum to stop teaching people other than those of Chinese decent. Strong determination and the spirit of never giving up His abdominal and forearm workouts were known to be particularly intense. Because of his zealousness, Bruce Lee injured his back causing damage to his sacral nerve in 1970. The injury was due to overstraining and lifting too heavy during.

Meaning and Origin of Surname Jenkins

Meaning and Origin of Surname Jenkins Jenkins is a double diminutive of John, literally meaning little John. It derives from the medieval given name Jenkin, which itself is a diminutive of the given name John, meaning God has graced me with a son. The Jenkins surname most commonly originated in Cornwall, England, but became quickly popular in Wales. Jenkins is the 95th most popular surname in the United States and the 97th most common surname in England. Origin English, Welsh Alternate Surname Spellings JENKIN, JENKYN, JENKING, JENCKEN, JINKIN, JUNKIN, JENKYNS, JENCKENS, JINKINS, JINKINS, JUNKINS, JENKENS, JENNISKENS, SIENCYN (Welsh), SHINKWINN (Irish) Famous People with the Surname Jenkins Albert Gallatin Jenkins, American politician and Confederate soldierElla Jenkins, American folk singer Source: Cottle, Basil. Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967. Menk, Lars. A Dictionary of German Jewish Surnames. Avotaynu, 2005. Beider, Alexander. A Dictionary of Jewish Surnames from Galicia. Avotaynu, 2004. Hanks, Patrick and Flavia Hodges. A Dictionary of Surnames. Oxford University Press, 1989. Hanks, Patrick. Dictionary of American Family Names. Oxford University Press, 2003. Smith, Elsdon C. American Surnames. Genealogical Publishing Company, 1997.

Management plan in the case of a security Essay

Management plan in the case of a security - Essay Example The information of such clients should be accorded due protection and security deserved. There should be several policies, rules and regulations put in place to govern the information (Einbinder, 2010). These rules, policies and regulations should ensure maximum security and confidentiality of the information of such clients. Moreover, the websites and databases where such information is contained should be protected with secure passwords to prevent cases of hacking. This is important in ensuring that the information of each client in kept free from access by unwanted or unauthorized parties (Clarkson et al, 2012). However, in cases involving breach of security of such information, it is highly likely that unauthorized persons may get access into the client’s information. This is very dangerous since the people may use the information of the clients in several bad ways (Blyth, 2008). As such, the right to privacy of such clients will be compromised. This may lower their trust with such organizations. The leakage of the privacy of such clients may destabilize them psychologically, mentally and socially. This should always be discouraged at all costs by putting in place severa l restrictions, policies and rules governing the safety, security and confidentiality of such information. It is important to note that the scenario experienced in the administration at St. John’s Hospital depicts a breach of security of information of the clients. The fact that the cleaners could get access to the information of the clients when tidying up the place was vivid evidence that the people responsible did not take proper care in keeping the client’s information. This was negligence in the part of the people involved in the security section of the information. The discarded printouts should always be kept safe or assigned specific individuals within the organization to always access and dispose of them professionally. However, it

Business Resources Management Case Study Example | Topics and Well Written Essays - 1500 words

Business Resources Management - Case Study Example Analysis of the business it operates in HSBC has grown from a mere local banking facility to a leading world banker. It has been able to establish most of its braches in most places in the United Kingdom and other Asian countries. It is the first and the largest financial institutions in the whole of United Kingdom. It has also been ranked the second world largest banking and financial service institution. This has been based on the fact that the business has been able to roll out a well established network in the whole world which provides a variety of services to its clients. It offer financial services including mortgages, insurance facilities, saving accounts, credit cards, loans, investment and others, consumer finance including credit cards, consumer loans, motor vehicle financing, commercial banking which is mainly meant to serve small and medium size enterprises, corporate investment including markets and private banking, and other services which are provided in all its branches. This means that it has been able to satisfy the financial demands of its customers by offering a variety of services. (King, 1991) The banking sector is one of the most competitive sectors in the world. There are many providers of the services and the survival of any financial institution depends on the competitive advantage that an institution is able to create over its competitors. There are some key elements that determine how a financial institution is able to create a competitive advantage in the market. This is based on the level of confidence that customers can have on the financial institution regarding how the business operates. The financial strength is of crucial importance as it determines how the... This essay looks at HSBC Company and evaluate the Human resource management in the company. The organization opened its door to customer in 1865 trading under the name Hong Kong and Shanghai Banking Corporation Limited. Since its inception, the company has been able to grow and expand in all part of the world. It has been able to establish a sophisticated network of agencies and branches not only in Asia but also in the other European countries. Therefore the bank is not just a leading banking facility in Asia but it can be ranked as a world leader in banking. HSBC has grown from a mere local banking facility to a leading world banker. It has been able to establish most of its braches in most places in the United Kingdom and other Asian countries. For a company with a worldwide operation like HSBC, there can be no better option than taking a close-knit approach in the management of its workforce. The researcher states that there must be an effective way of dealing with the demands of such large workforce and therefore effective HRM policies become an indispensable tool. The company has been able to apply good human resource management in order to enhance competence of its workforce. However, the researcher concluds that there’s still much that the company has to do in order to integrate all the workers especially to deal with the problem of discrimination in the work place. This will be in line with its policy of recognizing that every individual makes an impact in the company.

Mental space compared with physical space Essay

Mental space compared with physical space - Essay Example Physical space can be objective as it remains and exists regardless of the thought process of that of the recipient. Mental space ties perception with the physical world. Ones thought process and perception of events may vary depending on the individual. What one may see another may interpret differently. For example, if two people see the exact same car accident, one may have a different story as to how the entire event unfolded compared to that of some one else. There are also various externalities that may affect the perception process leaving ones interpretation to differ from the other. However, citing the example, what was factual is that an accident took place. The physical space that incurred the accident is actual and the car accident is tangible as it can be touched and it exists. Regardless of perception the fact the accident occurred remains and is virtually true. The difference between mental space and physical space can impact ones perception on social, political and culture issues. The mental space encumbers ones immediate experiences, imagination, perceptions and past circumstances that helped mold them into the current person of today. Linking these characteristics to the physical space determines ones view of reality. What may be deemed reality by that person doesnt make that perception true. For instance, using the aforementioned example of the car accident, the bystander who viewed that accident may give testimony to the police about the surrounding events of the car accident. The bystander reports what they believe to be reality when in fact it is only their view of reality. The fact the accident happened is true, however what the bystander reports seeing may not be true however it is their reality. This happens in court testimonies and when it is time to identify the perpetrator. Countless people have been released from prison only after DNA testing proved their innocence. The victims have picked out the

The Role Of Efficient Market Hypothesis

The Role Of Efficient Market Hypothesis Corporate finance provides the skills which Spry Plc needs to identify and select as corporate strategies that add value to the firm such as investments. Throughout this paper, capital market and efficient market hypothesis has been discussed critically to evaluate Spry Plcs market position; then possible finance sources has been discussed to obtain finances, and lastly cost of capital and its consequence on large companies has been assessed (Lo, Mamaysky and Wang, 2000); (Lakonishok, Schleifer and Vishny, 1994). Capital markets are the place where Spry Plc can meet investor who has finance to offers for long term. This finance may be equity finance involving the issue of new ordinary share or debt finance from a wide range of loans and debts securities. Capitals market is also a place where investors buy and sells company and government securities (Grossman, Sanford and Stiglitz, 1980); (Campbell, 1987); (Lakonishok, and Smidt, 1988). Capital markets are divided by two parts: primary market and secondary market. primary market help the companies to issues new securities to the new or existing shareholders by marking a public issue or right issues. This can help company perform better to influence shareholders that the company is willing to be stronger over the time both financially and operationally (Lo, Mamaysky and Wang, 2000); (Shiller, 1981); (Keim, and Stambaugh, 1986). Secondary market is the market in which previously issued securities are traded. An active secondary market after the Initial Public Offering (IPO) provides the pre-IPO shareholders with a chance to convert some of their wealth into cash makes it easier for the Spry Plc to raise additional capital later and makes it easier for the company to use their stock to acquire other companies. This is to ensure Spry Plc stock will trade in an active secondary market before they incur the high costs of an IPO (Fama, Eugene and French, 1988); (Campbell and Shiller, 1988). The Role and Importance of Capital Market The primary role and importance of the capital market is to raise long term funds for corporation while providing a platform for the trading of securities. This is to protect increment of the market share and price of securities to protect their investments in future (Lo, Mamaysky and Wang, 2000) (DeBondt, Werner and Thaler, 1995). Efficient Market Hypothesis (EMH) Efficient Market Hypothesis (EMH) asserts that financial markets are efficient or that prices on traded assets such as share and fixed interest securities are already reflect all known information. In can state that the companies may expect that they can develop more efficient market, more random the cycle of price changes generated by such a market and the most efficient market of all is one in which price changes are completely random and changeable (Fama, Eugene and French, 1988); (Lakonishok, Schleifer and Vishny, 1994); (Keim, and Stambaugh, 1986). The role and importance of Efficient Market Hypothesis Efficient Market Hypothesis (EMH) information is defined as anything which may affect the share price that is not known in present and appears randomly in the future. The role of EMH is how Spry Plc mangers consist of analyzing and investing appropriately based on an investors tax consideration and risk profiles (Ariel, 1990); (Poterba, and Summers, 1988) (Cooper, Dimitrov and Rau, 2001); (Roll, and Shiller, 1992). EMH will not consistently outperform the market by using any information that the market already know except through luck. The share prices may not determine to future stock performance example the market may not know about an events which will lead to lower profits. This can not be controlled by anyone when the share prices will be changing depending on the markets (Grossman, Sanford and Stiglitz, 1980); (DeBondt, Werner and Thaler, 1995); (Fluck, Burton and Quandt, 1997). Weak form of Efficient Market Hypothesis In this stage all past market prices and data are fully reflected in the price of securities and stock. It is based on information about event shaping the Spry Plc may not fully replicate in price. This state that future price movements are determined entirely by information not contained in the price series (Fama, Eugene and French, 1988); (Lakonishok, and Smidt, 1988). Semi-strong form of EMH This form emphasize that all publicly available information is fully reflected in securities prices. This implies that neither fundamental analysis nor technical analysis techniques will be able to reliably produce excess return (Campbell, 1987) (DeBondt, Werner and Thaler, 1995). Strong form of EMH This states that all information is fully reflected in securities price. A markets need to exist where investor can not consistently earn excess return over a long period of time (Cooper, Dimitrov and Rau, 2001). Sources in Finance Corporate finance is an area of finance dealing with financial decision makes and the tools and analysis used to make those decision. Organization must ensure that the company are making good finance decision and all decision made are profitable for the organization (Poterba, and Summers, 1988); (Keim, and Stambaugh, 1986). Sources of finance are divided into external finance and internal finance. One example of internal finance is retained earnings which are known as company profit. Another internal sources is often overlooked is the saving generated by more efficient management of working capital. This states that the company has sufficient cash savings in accounts to pay off all the debts owned as bank overdraft, trade creditors, and other debts (Campbell and Shiller, 1988); (Lakonishok, Schleifer and Vishny, 1994). External finance is available which can be split broadly into debt and equity finance. External finance comes from outsource to invest and will pay-off based on terms agreed with interest (Ariel, 1990). Equity Finance Share capital is issued by capital and converted into small units become share of the companies. Shareholder is the person who is holding the company share. There are two types of share normally issues by company: ordinary share and preference share capital (Cooper, Dimitrov and Rau, 2001); (Keim, and Stambaugh, 1986). Ordinary Shares Capital Ordinary share is important source of raising long term capital by Spry Plc. It represents the ownership of a company. Ordinary share capital will not get the fixed dividend but shareholder will get the basic interests from the company. Ordinary shareholders have the power to vote for the rights and they have the right to choose managing directors (Shiller, 1981); (Fluck, Burton and Quandt, 1997); (Rasches, 2001). The important merits of raising funds through issuing ordinary share are as follows (Samuelson, 1965); (Odean, 1999): There will not be a mandatory burden for the company to pay dividend to equity shareholders yearly. Ordinary shareholders have the right and power to vote who will be in the management committee of the company. Ordinary share issue can be time consuming and it is considered risky. Company has less control over the management as it is decided by shareholders (Ariel, 1990); (Roll, and Shiller, 1992). Preference Shares Capital Preference shareholders enjoy a superior position over equity shareholders in two ways. Preference shareholder will receive a fixed rate of dividend out of net profits of the company before any dividend is declared for ordinary shareholders. Preference shareholders do not have any vote rights (Fama, Eugene and French, 1988) (DeBondt, Werner and Thaler, 1995). The merits of preference share as follows (Basu, 1983): Preference share is a safety share to invest and company will provide a reasonably steady income in the form of fixed rate of return. Shareholder does not have the right and power to vote for management. Preference share often is not able to raise enough fund desired by the company (Ball, 1978). Retained Earning A company generally does not distribute all its earnings amongst the shareholders as dividends. This is the profits which show in the financial statement how much the organization gains for a year and can be retained in business for future use (Grossman, Sanford and Stiglitz, 1980) (Cooper, Dimitrov and Rau, 2001). The merits of retained earning as a source of finance is as follows (Samuelson, 1965); (Odean, 1999): As the funds are generated internally, there are greater choices and flexibility available. It may lead to increase in the market price of the equity shares of a company Retained earning will not held the organization to use the capital wisely. Misuse is often occurred in this policy (Campbell, 1987); (Roll, and Shiller, 1992). Debt Finance Bank loan Bank provides funds for different purpose as well as for different time periods. For example, if Spry Plc borrows money from the bank with good understanding there can be different type of repayment like extended period, overdraft, term loans etc. though the borrower is required to provide some security assets of the firm before a loan is authorized by a commercial bank (Campbell and Shiller, 1988); (DeBondt, Werner and Thaler, 1995); (Keim, and Stambaugh, 1986). The merits of raising funds from a commercial bank are as follows (Keim, 1983): Banks provide funds when companies are in need and timely. Loan amount can be increased according to business needs and can be repaid in advance when funds are not needed. Bank often requires mortgage of assets in order to approve loan. Sometimes it takes too many formalities which take time (Ariel, 1990); (Cooper, Dimitrov and Rau, 2001); (Nicholson, 1960). Debentures Debentures are an important tool for raising long term debt capital. A company can raise funds through issue of debentures which bear a fixed rate of interest. The debenture issued by a company is an acknowledgment that the company has borrowed a certain amount of money from public, which promises to repay at a future date with interest (Lo, Mamaysky and Wang, 2000); (Lakonishok, Schleifer and Vishny, 1994). . The merits of raising funds through debentures are given as follows (French, 1980): The issue of debentures is suitable in the situation when the sales and earnings are relatively stable. As debentures do not carry voting rights, financing through debentures does not affect organizational control of equity shareholders on management. Issuing debentures is risky when company business market is not good and incurs losses because debenture amount must be paid regardless of company gains profit or losing business (Fama, Eugene and French, 1988); (Cooper, Dimitrov and Rau, 2001). Cost of Capital When investors provide a corporation with funding they expect the company to generate an appropriate return on those funds. From the companys perception, investors expects return is a cost of using the funds and it is called as cost of capital. A variety of factor influence a companys cost of capital. The cost of capital is also a key factor in choosing the mixture of debts and equity used to finance the company and is a critical element in business decision (Cooper, Dimitrov and Rau, 2001); (Keim, and Stambaugh, 1986). Weighted Average Cost of Capital (WACC) The cost of capital used to analyze capital budgeting decision is a weighted average of the components cost. Therefore, Spry Plc managers should strive to make the company more valuable and that value of a company is determined by the size, timing and risk of free cash flow (FCF). A companys value is the present value of its FCFs, discount at the WACC (Shiller, 1981). The formula of Weighted Average Cost of Capital as follows: Value = FCF 1 + FCF 2 (1+WACC) (1+WACC) 2 Cost of Equity Companies can raise common equity in two ways there are (Fama,1970): Directly by issuing share. Indirectly by retained earnings. Mature company issue new share of common stock. In fact if there are less than 2 percent of all new corporate funds come from the external equity market because of high floatation cost, investors perceived issuing equity as a negative signal with respect to the true value of the companys stock. An increase in the supply of stock will put weight on the stock price, forcing the company to sell the new stock at a lower price than existing, before the new issue was announced (Campbell and Shiller, 1988) (Lakonishok, Schleifer and Vishny, 1994); (Nicholson, 1960). Rate of return (rs) is investors expectation to earn that return by simply buying the stock of the company. Therefore, rs are the cost of common equity raise internally by reinvesting earning (Poterba, and Summers, 1988); (Cooper, Dimitrov and Rau, 2001). Whereas debts and proffered stock are contractual obligations that have easily determined cost, is more difficult to estimate rs. There are few methods to compute such as Capital Asset Pricing Model (CAPM), Discount Cash Flow (DCF) and others. CAPM approach is to estimate the risk free rate, estimate the current expect market risk premium, estimate the stocks beta coefficient and substitute the preceding values into the CAMP equation to estimate required rate return on the stock (Ariel, 1990); (DeBondt, Werner and Thaler, 1995); (Jensen, 1968). Ks = Krf + à ¯Ã‚ Ã‚ ¢ (Km Krf) Cost of Debt Cost of Debts determines the rate of return debts holders required to pay. Companies use both fixed and floating rate debt straight and convertible debts and debt with sinking and without sinking funds and each form has a somewhat different cost. Therefore, Spry Plc should know at the start of the planning period, the exact types and amounts of debt that will be used during the period. The types used will depend on the specific assets to be financed and on capital market condition as they develop over time. The relevant cost is the marginal cost of new debt to be raised during planning period. The after tax cost of capital is used to calculate the WACC (Lo, Mamaysky and Wang, 2000); (Nicholson, 1960). After tax component cost of debt = Interest rate Tax Saving = rd r d T = rd (1-T) Market value of equity and debt The formulation of market value of equity and debts as below: Market value of common equity (Market value common equity + market value of debt + Markey value of preference equity) In this stage, market value use to compute how much company share values at the market. The market value for equity is let publicly traded company is simply the price per share multiplied by the number of share outstanding. It can state market value of equity is similar to trade in ordinary share in market. The market value of debts similar to the company traded bonds. Most companies have a large banks loan. Therefore, this is one of the debts company holds. Preferred stock holders are fixed to gain the dividend by the company and percentages term is based on net profit for the years. The cost of common equity is usually determined using the Capital Asset Pricing Model (Grossman, Sanford and Stiglitz, 1980); (Fluck, Burton and Quandt, 1997). The formula to compute it is WACC = Weight of Preferred Equity * Cost of Preferred Equity + Weight of Common Equity * Cost of Common Equity + Weight of Debt * Cost of Debt * (1 Tax rate) Importance of cost of capital Considered as the opportunity cost, cost of capital is the minimum return required by an investor. On the other hand, for shareholders cost of capital is the dividend rate they expect to gain along with the gain on values of chares. Besides, for loan holders, cost of capital is the rate of interest for the loan provided. So company must perform well to maintain all returns effectively; other wise this finance providers will sale or transfer their funds to others with better rate or return (Fama, Eugene and French, 1988); (Keim, and Stambaugh, 1986). Capital Structures A company can obtain a long term financing in the form of equity, debts or some combination. The firms mixture of debt and equity is called as capital structure. The capital structure decision includes a companys choice of target capital structure, average maturity of its debts and specific source of financing it chooses at any particular time (Ariel, 1990); (Cooper, Dimitrov and Rau, 2001); (Jensen, 1968). Traditional Approach Traditional approach defined as an optimal capital structure. This is to compute how much the firms total value leverage for the year. When the investor is to invest their money in the company with a higher risk they may get higher interest and income. But when shareholder perceived higher risk and cost of equity is raise to the point at the level, the cost of debt will be more expensive than equity. So the company need to pay more interest and will bust to them when operate (Campbell, 1987); (Lakonishok, Schleifer and Vishny, 1994). Miller and Modigliani (I) Miller and Modigliani (I) [MM] first analyze that leverage is the value of any firm is established by capitalizing its expected net operating income (EBIT) at a constant rate that is based on the companys risk. The first proposition establishes that under certain conditions, a firms debt-equity ratio does not affect its market value. This developed a trade off theory of capital structure. It show that dents is useful because interest is tax deductible but also that dents bring with it costs associated with actual or potential bankruptcy. The optimal capital structure strikes a balance between the tax benefits of debts and the cost associated with bankruptcy (Lo, Mamaysky and Wang, 2000); (DeBondt, Werner and Thaler, 1995). Miller and Modigliani (II) The second proposition establishes that a firms leverage has no effect on its weighted average cost of capital provided the cost of equity capital is a linear function of the debt-equity ratio. This stage is showing that under some conditions, the optimal capital structure can be complete debt finance due to the preferential treatment of debt relative to equity in a tax code. MM (II) is to determine that the expected return of portfolio equal with WACC of expected return of the securities in the portfolio. This proves that Proposition II is more flexible compute compare with MM (I) for the company because signaling models use financial decisions to reveal information to make decision (Grossman, Sanford and Stiglitz, 1980); (Poterba, and Summers, 1988); (Keim, and Stambaugh, 1986). Implications of cost of capital on capital structure Using cost of capital on capital structures bring the implications that the firm must earn a minimum rate of return to cover the cost of generating funds for investments if the firm wish public to buy bonds and stocks (Campbell and Shiller, 1988); (Lakonishok, Schleifer and Vishny, 1994). Conclusion Achieving the goal of corporate finance required that any corporate investment is financed appropriately. Investment in a new market may have risk which is very often unknown. Therefore, management must identify and aware of the risk and plans accordingly with financing mix and impact the valuation to reduce capital structure that results in maximum value (Fama, Eugene and French, 1988); (Fluck, Burton and Quandt, 1997).

Reasons to Learn CPR Essay -- essays research papers

Have you ever thought about what you would do if a family member suddenly stopped breathing? Imagine that you grow up in a small town, the population is 700 people, and one morning you wake up and everyone in the town is dead. On any given day 670 people die of sudden cardiac arrest. Could it be a loved one, someone you care deeply for, or just a complete stranger? The chances are that someone in your family is going to die of sudden cardiac arrest in your lifetime. On average it takes an ambulance no less than seven minutes to reach someone in need, therefore, every adult should know how to administer CPR. Brain death starts to occur four to six minutes after someone is attacked with cardiac arrest, so you should immediately begin with assessing the victim?s airway. You should start out by shaking and shouting at the victim to check his or her level of responsiveness. If the patient does not respond, you should then call 9-1-1. After placing the call, bare the victim?s chest of all clothing and open his or her airway. To open to victim?s airway, you should use the head-ti...

Role Of Multiple Sclerosis Nurse Health And Social Care Essay

Within this assignment the followers will be covered, a description of multiple induration along with the assorted diagnosed types. The statistics of multiple induration will be given, every bit good as who are most at hazard. The many functions the multiple induration nurse specializer provides including, back uping those freshly diagnosed to accept they have multiple induration, managing symptoms, advice on life style and working life, instruction and instruction. The nurse specializer ‘s function in disease modifying therapy will be discussed, with treatment given to concordance with prescribed medicines. Evidence will be given to back up why the multiple induration nurse specializer is required and the importance of the function in footings of diagnosing, probes and intervention. The principle behind this chosen subject is to place if the multiple induration nurse specializer improves attention for patients with multiple induration ( Forbes et al 2006 ) . Besides does the multiple induration nurse specializer adjutant in advancing harmony with medicine and intervention programs ( Shaw & A ; McMillan 2008 ) . Multiple Sclerosis ( MS ) is a chronic status that affects the cardinal nervous system ( CNS ) . The medulla covering the nervousnesss of the CNS is damaged doing the tissues to be attacked by the immune system, in belief that a foreign organic structure has invaded the country involved ( MS Society 2010 ) . The consequence of the harm of the tissues is recognised through slower reactions from the signals of the encephalon to the organic structure, which can ensue in jobs with motion, address, weariness, vision, co-ordination to call but a few ( Burgess 2010 ) . There are three more common types of diagnosed MS which are, Get worsing Remitting, Secondary Progressive and Primary Progressive. On first diagnosing of MS it may be hard to lucubrate what type of MS the person is diagnosed with due to changing clip in backslidings from individual to individual ( Ms Trust 2010 ) . Get worsing remitting MS is more common in footings of diagnosing with over two tierces of those diagnosed with MS being categorised under this type ( Leary et al 2005 ) . With get worsing remitting MS an person may see backslidings in the part of one or two per twelvemonth. Full recovery periods in between onslaughts may be noticeable, although single ‘s symptoms may deteriorate due to the badness of the backsliding. Secondary imperfect is associated with less frequent backsliding but disablement with MS additions. Over half of those diagnosed with backsliding remitting ab initio, will be diagnosed with secondary imperfect within 10 old ages of initial diagnosing ( Leary et al 2005 ) Primary imperfect can be unfortunate with those diagnosed, unlike backsliding remitting and secondary imperfect there is no remittal periods, around 10 per centum of those diagnosed with this type of MS experience symptoms from the oncoming ( MS Society 2010 ) In 2008 MS statistics showed that over 85,000 of the population in the United Kingdom where diagnosed with MS, ( MS Trust 2008 ) . On the 10 April of this twelvemonth the MS trust ( 2010 ) republished figures demoing that figures have increased to 100,000, about 20 % addition within 2 old ages. Diagnosis age is normally between 20 and 40 and adult females are more likely campaigners to be diagnosed, there is no account for this, nevertheless the statistics are greater in Scotland, this is said to be due to the environment but research into this is ongoing ( MS Trust 2008 ) . In 2005 a survey was carried out by Forbes et Al ( 2006 ) . This survey evaluated the programme of the nurse specializer function, and aimed to place if the MS specializer function improved attention provided. The paper concludes that the specializer nurse continuance to care was evidentiary. There was argument over betterments with jobs with disease, and the betterment in quality of life with MS due to the specializer nurse. This may hold been true in footings of jobs with disease prior to 1993 when there was no available interventions, symptoms may hold been managed with steroids ( Shaw & A ; McMillan 2008 ) . Although Forbes et Al ( 2006 ) supports the function of the MS nurse specializer and the benefits to those who have MS to hold a nurse who is dedicated in this field, Forbes et Al ( 2006 ) believed that the Nurse specializer function in Ms may profit to be more research based. This is disagreed with Embrey and Lowndes ( 2007 ) who shows grounds of the many roles the nurse spe cializer dramas, including the nurse led clinics provided by the nurse specializers who aid with symptom control provides information and support for those who are freshly diagnosed or get downing interventions such as disease modifying therapy. Care needs for MS patient ‘s can be differential from patient to patient, this depends non merely how long diagnosing has been, but how persons deal with the diagnosing. The persons apprehension of the status and how their lives may be affected professionally and personally at different phases of there lives ( Malcomson et al 2008 ) . The nurse specializer can be a anchor for these patients understanding single attention demands, supplying information on how to cover with state of affairss that occur and supplying other signifiers of information and support services if and when required ( Burgess 2010 ) . Over the old ages intervention for MS has developed leting persons to pull off the status more successfully. The nurse specializer plays a large portion in reding, and back uping the person ‘s pick on chosen intervention if required ( Burgess 2010 ) . For get worsing remitting MS and those who have had two or more onslaughts over the twelvemonth Disease Modifying Therapy ( DMT ) may be a pick of intervention ( Shaw & A ; McMillan 2008 ) . However harmony with DMT can be an issue and the manner the nurse specializer uses her cognition and expertness may play a portion in the patients go oning the planned intervention programme ( Shaw & A ; McMillan 2008 ) . A survey by Shaw & A ; McMillan ( 2008 ) evaluated harmony with MS prescribed medicines ; grounds showed that 20 five per centum ne'er followed the planned government when on DMT intervention. This may hold been for assorted grounds including timing of injection, side effects or injection techniques. The biggest ground may be that an apprehension that DMT does non work from oncoming. The intervention takes clip to work patients must be made cognizant of the procedures involved in DMT. This can be clip devouring for the Ms nurse specializer but in their dedicated function nurse will to the full measure whether the single patient is able to understand that benefits out manner the backslidings and the progressive disablement that MS may hold ( Gutteridge 2006 ) .

Racism and Masculinity essays

Racism and Masculinity essays Racist violence is predominantly committed by men, but what is the relation to masculinity, in what way is this violence a "situational accomplishment of masculinity" (Kersten)? The traditional explanation would see racist men as underprivileged "victims of modernization" who compensate economic depravation or a insecure gender identity through racial violence. Recent research on young male racists in Germany has problematized this view. Typically, violent racists would come from stable middle class families (Hoffmeister and Sill); privileged youth seem more likely to be racist than non-privileged (Held); the only significant relation that could be established was between racism and a general value orientation towards success, competition, money and strength (Heitmeyer). One author summarized that racism is a consequence of "Dominanzansprche", "demands for dominance" (Rommelspacher); these youth try to meet their high demands on success and superiority, because only these seem to gua rantee a desirable, i.e. masculine, identity. It is fairly irrelevant whether they come from privileged or underprivileged families, whether they in fact are dominant or not, it's the notion that identity can only be achieved as and through dominance that makes them racists. Whether as a fantasy (belonging to a superior culture) or as realized in racial violence, dominance can equally function as identity practice. I therefore want to define dominance as a form of identity practice that constructs a difference which legitimizes dominance which grants the agent of dominance the illusion of a superior identity, the other's identity is denied, confined, erased. Dominance therefore is a relation of identities, a process of constructing the other and the same as an oppositional, hierarchical relation. It is no coincidence that sexism has been described in similar terms, because dominance is central to the concept of masculinity. B ...

The Long History of Perfume

The Long History of Perfume Perfume is thousands of years old, with evidence of the first perfumes dating back to Ancient Egypt, Mesopotamia and Cyprus. The English word perfume comes from the Latin per fume, meaning through smoke. History of Perfume Around the World The Ancient Egyptians were the first to incorporate perfume into their culture, followed by the ancient Chinese, Hindus, Israelites, Carthaginians, Arabs, Greeks, and Romans.   The oldest perfumes ever found were discovered by archeologists in Cyprus. They were more than four thousand years old. A cuneiform tablet from Mesopotamia, dating back more than three thousand years, identifies a woman named Tapputi as the first recorded perfume maker. But perfumes could also be found in India at the time. The earliest use of perfume bottles is Egyptian and dates to around 1000 BCE. The Egyptians invented glass and perfume bottles were one of the first common uses for glass. Persian and Arab chemists helped codify the production of perfume and its use spread throughout the world of classical antiquity. The rise of Christianity, however, saw a decline in the use of perfume for much of the Dark Ages. It was the Muslim world that kept the traditions of perfume alive during this time- and helped trigger its revival with the onset of international trade. The 16th century saw the popularity of perfume explode in France, especially among the upper classes and nobles. With help from â€Å"the perfume court,† the court of Louis XV, everything got perfumed: Furniture, gloves, and other clothing.   The 18th-century invention of eau de cologne helped the perfume industry continue to grow.   Uses of Perfume One of the oldest uses of perfume comes from the burning of incense and aromatic herbs for religious services, often the aromatic gums, frankincense and myrrh gathered from trees.  It did not take long, though, for people to discover perfume’s romantic potential and it was used both for seduction and as preparation for love-making. With the arrival of eau de cologne, 18th-century France began using perfume for a broad range of purposes. They used it in their bath water, in poultices and enemas, and consumed it in wine or drizzled on a sugar lump. Although niche perfume makers remain to cater to the very rich, perfumes today enjoy widespread use- and not just among women. The selling of perfume, however, is no longer just the purview of perfume makers. In the 20th century, clothing designers began marketing their own lines of scents, and almost any celebrity with a lifestyle brand can be found hawking a perfume with their name (if not smell) on it.

Business Law II Essay Example | Topics and Well Written Essays - 250 words

Business Law II - Essay Example ities created laws that would govern how the owners would use their property and at the same time safeguard the surroundings of their properties (Oorschot, 2001). Landowners have the right to occupy the surface of their land. However, they are regulated by zoning restrictions. The restrictions eliminate the chances of owners from using their property for whatever purpose they wanted (Oorschot, 2001). Landowners are also entitled to vegetation rights. Such rights include planting trees, crops, and other vegetation on his or her land (Oorschot, 2001). Even so, environmental regulations are set so as to regulate these activities. Chigara (2011) states that if property owners were left to use the vegetation of their land as they deem right, the levels of pollution would rise to alarming rates. Environmental laws are meant to improve the air quality, for instance, the ordinance law that restricts burning out-of-doors (Oorschot, 2001). These laws protect any land owners and their rightfully earned properties regardless of gender, race, color, sex, national origin, handicap or family status (Fonjong, 2012). This act is concurrent with the building codes act and the easement act. All land owners developing the property for commercial purposes should obtain rightful documentation (Fonjong,

International Marketing Term Paper Example | Topics and Well Written Essays - 3750 words

International Marketing - Term Paper Example Since the contemporary market forces such as globalization, competition and technology influence the way business is carried out, a marketer is generally expected of anticipating the significant variables that can impact the business and how they can be managed too. This piece of research paper presents a brief marketing plan of the ‘Yogo-Sweet’, a medium sized manufacturer and marketer of the Frozen Yogurt, located near to Melbourne, Australia. This paper explains relevant concepts and theoretical underpinning in relation to marketing, strategy and competition. This marketing plan will present a pro forma financial statement and budgets. ‘Yogo-Sweet’ will be an amazing experience of small-treat that would fulfill the personal goal of delivering unique value of supreme quality Frozen Yogurt and ice cream needs of the target market. The company will target customers from around Australia and to export frozen yogurt stuff to countries like New Zealand, Fiji and other neighboring countries. The company has discovered a hidden opportunity for marketing Frozen Yogurt in Australia as well as neighboring countries and it seeks to grab its better slices. With the mission statement- ‘Yogo-Sweet is to facilitate stylish, convenient and uplifting destination where health-conscious and active customers can relax, energize and take treats’. The mission, with 20 well-thought about words in it, proposes the very specific marketing objectives that the emphasis will be placed on outstanding quality Frozen Yogurt and packaged ice-creams with organic and multicultural small-treat aspects. The company is expected to start on January 2012 in the rapidly expanding city of Melbourne, Australia. As Armstrong and Kotler (2005, p. 42) described, a marketing plan’s fundamental element is its mission statement that defines the marketing activities of the business in terms of how it is