3 More Types of Usage Errors

3 More Types of Usage Errors 3 More Types of Usage Errors 3 More Types of Usage Errors By Mark Nichol In each of the sentences below, a word has been misused or is ambiguous, affecting the clarity of the statement. Each example is followed by a discussion explaining the problem and a solution to it. 1. His follow-up comment only further inflamed their passions about his perceived sleight against the higher art. The error in this sentence is homophonic; a word that sounds like but is spelled differently from another word (and, more significantly, has a different meaning) has been used in its place. Sleight is a noun meaning â€Å"craftiness† or â€Å"skill†; it stems from a Norse word meaning â€Å"sly,† seldom seen except in the phrase â€Å"sleight of hand,† which refers to deception or an act of deception, usually in the concept of a magic trick. However, the writer is referring to a discourtesy, so the word intended is slight, which derives from an Old English word meaning â€Å"smooth†: â€Å"His follow-up comment only further inflamed their passions about his perceived slight against the higher art.† 2. This assessment should hone in on how decisions are made, how people collaborate, and how work is conducted. Here, the error is of substitution of a near-homophonic word. To hone is to sharpen or otherwise improve (as in developing a skill); to home in on is to focus on a target. The latter meaning is intended, so the latter word should be used: â€Å"This assessment should home in on how decisions are made, how people collaborate, and how work is conducted.† 3. This approach will help organizations gain operational efficiencies that lower costs and facilitate an increase in loan volume. In this case, an ambiguous word is used at a key juncture- lower can serve as either an adjective or as a verb, and it might be misread as the former when it functions as the latter here. For greater clarity, replace it with an unambiguous synonym: â€Å"This approach will help organizations gain operational efficiencies that decrease costs and facilitate an increase in loan volume.† You can read 3 more types of usage error here. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Usage Review category, check our popular posts, or choose a related post below:How to Structure A Story: The Eight-Point ArcDriver License vs. Driver’s License8 Great Podcasts for Writers and Book Authors

Free Essays on Shaw University From Then To Now

Shaw University â€Å"From Then to Now† Shaw University was and still is a historical black college. It started with a man named Henry Martin Tupper in 1865. Do to the grace of God, it is still here 137 years later. In1865 Shaw University was known as Shaw Collegiate Institute. At that time only two major structures existed. The Shaw Building and Estey Seminary. What is now present day Estey Hall. In 1879, a third major building was constructed. It was called Greenloaf Building. Shaw University was the first black school in the South to have a Medical Program. This was held in Leonard Medical Building, which is also still standing today. It consisted of three structures. A four story medical dormitory built to accommodate 75 men and started around 1880. A school of Pharmacy was established in 1890 and a pharmacy building erected in1891. The medical class graduated from Shaw University in 1893. It latered joined with Leonard School of Medicine and was operated successfully. In 1874, tuition and room rent were $6.00. As of today, tuition is $16,000 a year and $8,000 a semester. Young women were not charged to wash clothes in those days. As for young men, they were charged an extra $0.50 per month if the institution washed clothes for them. Today, everyone washes and dries their clothes for a charge of $0.75. In 1876-1877 students had to present a testimony of unblemished moral character to attend courses. During study hours, each student remained in his or her room to apply themselves strictly to their studies. Misbehavior and committing and any nuisance would result in immediate expulsion. Any type of revealing clothing was prohibited for young women on Shaw’s campus. They had to dress in a manner that was respectable. Today, young women are free to wear anything that they choose. No matter how conservative or revealing. Young men were not allowed to enter into women’s dormitory and young w... Free Essays on Shaw University From Then To Now Free Essays on Shaw University From Then To Now Shaw University â€Å"From Then to Now† Shaw University was and still is a historical black college. It started with a man named Henry Martin Tupper in 1865. Do to the grace of God, it is still here 137 years later. In1865 Shaw University was known as Shaw Collegiate Institute. At that time only two major structures existed. The Shaw Building and Estey Seminary. What is now present day Estey Hall. In 1879, a third major building was constructed. It was called Greenloaf Building. Shaw University was the first black school in the South to have a Medical Program. This was held in Leonard Medical Building, which is also still standing today. It consisted of three structures. A four story medical dormitory built to accommodate 75 men and started around 1880. A school of Pharmacy was established in 1890 and a pharmacy building erected in1891. The medical class graduated from Shaw University in 1893. It latered joined with Leonard School of Medicine and was operated successfully. In 1874, tuition and room rent were $6.00. As of today, tuition is $16,000 a year and $8,000 a semester. Young women were not charged to wash clothes in those days. As for young men, they were charged an extra $0.50 per month if the institution washed clothes for them. Today, everyone washes and dries their clothes for a charge of $0.75. In 1876-1877 students had to present a testimony of unblemished moral character to attend courses. During study hours, each student remained in his or her room to apply themselves strictly to their studies. Misbehavior and committing and any nuisance would result in immediate expulsion. Any type of revealing clothing was prohibited for young women on Shaw’s campus. They had to dress in a manner that was respectable. Today, young women are free to wear anything that they choose. No matter how conservative or revealing. Young men were not allowed to enter into women’s dormitory and young w...

Strategic decion making for a company in crisis Assignment

Strategic decion making for a company in crisis - Assignment Example However, American car makers also felt the sharp punch of economic slowdown. Another reason for weakening of the automobile industry was the rising fuel prices round the world. This was linked to the energy crisis of 2003-2008. This discouraged the customers to buy Sport Utility Vehicles (SUVs), as these vehicles were not fuel efficient. The big three automakers in America, General Motors, Chrysler and Ford had to shift their focus to manufacturing trucks or fuel efficient cars due to shifting focus of the customers. As in 2008 situations were turning critical, so the prices of the raw materials were also increasing (Jansen â€Å"Why the UK’s Auto Industry Remains Crisis Free†). The impact of the global financial crisis was more on the automobile sector than on the housing and financing sector. The first reason was the big three automakers of America were running with life-support or financial aid from the US government. The credit market had frozen, so the orders were being cancelled, the plants were being shut temporarily and the suppliers were not paid their invoices. The debt loads were increasing and the high labor cost was an additional pressure for the companies, surviving in this environment. The second reason was the high internal cost and increasing longevity of the two wheelers led the customers to delay their car purchase (Sturgeon and Biesebroeck â€Å"Strategic Decision-Making† 3-4). Thus the demands for four wheelers were neither getting created nor were the ordered cars sold. Moreover, in US the people were not receiving car loans to buy cars because of the sub-prime crisis, so the customers were reluctant to buy cars solely with thei r savings. This was the reason why the sales figure plunged too (Zeese â€Å"The Causes of the Auto Crisis†). The major effect of the automobile crisis was felt in United States and in Canada. The weakening of the sector was due to the increasing prices of spare parts and

Basel Accords Essay Example | Topics and Well Written Essays - 250 words

Basel Accords - Essay Example These recommendations sought after ensuring that the higher the risks to which bank are exposed, the greater the amount of capital the bank require to hold for it to safeguard its economic stability as well as its solvency. The Basel Accord 3 attempts to accomplish security by capital and risk management requirements to ensure that there is adequate capital in banks. Its primary focus was to ensure that there was sufficient consistency of regulations to reduce the competitive inequality that exist among internationally active banks (Milne, 2001). There are significant lessons that are that are learned from the Basel’s Accord. Through these regulations, managers will acquire adequate skills to handle adequately risks within banking organizations. The Basel Accord also comes accompanied with an opening for the insurance industry to evaluate the weaknesses, success as well as shortcomings experienced by banking sectors. This knowledge is considerable important for managers in running the operations of banking institutions (Milne,

Scary story Article Example | Topics and Well Written Essays - 500 words

Scary story - Article Example My eyes were exceedingly sleepy, but then it struck me, \why is he is wearing the red anorak in the bedroom?’. I had left my husband that evening down stairs watching television, and he was not going out that evening. Overwhelmed by my realisation and fear that it could not be my husband, I stretched my hand across the bed and felt another person across the bed. My heart began racing so fast it almost jumped out of my chest. The confusion â€Å"either Chris, my husband, was in bed or walking across the room† because he could not have been both. This made my mind race from the confusion. â€Å"Who was the other person?† This person standing then moved to the bed side I was on and pulled the bedclothes back on my side. Still not sure if he was my husband, because he looked the same size as Chris, I sat there not knowing whether to scream or sit. A thin chill from the cold hit me, but I was wearing a thick night dress that shielded from the cold. He then stood on my side holding a duvet in his hands as if getting into bed. Then he realised I was actually awake and had now seen him standing close to my bed. Suddenly he dropped the duvet and ran downstairs making loud noises. All of a sudden I screamed and Chris my husband woke up (yes, it was my husband in bed). It took him some time to understand what had happened. At first, Chris thought I was experiencing a terrible dream but eventually leapt out of bed and ran to the workshop and grabbed a hammer! He went downstairs and found the door open, and nobody was in sight. Chris had forgotten to lock the door, and that is how the mugger came inside the house. We had no phone in the bedroom so we went to the living room to call the police. My purse was lying in the middle of the room opened with the few pounds that were in it missing. We phoned the police and half an hour passed without them coming. At first we thought that they had ignored us, but then a policewoman and policeman

Financial Decision Making and Theory

Financial Decision Making and Theory Abstract The aim of this research is to provide an overview of financial decision making and theory and practise according to which the decision has been taken. In this research the risks faced by any person or company in financial decision making and the strategies adopted by companies will be discussed. Decision making is plays an important role in progress of any company. Basically there are some set goals and objectives according to which company make their strategies and take financial decisions. Intelligent decisions put company on a progressive way and all this depends on the financial manager that how to make the strategy, how to follow a set plan of strategies and how much will be the success. Making right decision at the right time will lead a company to success, for this purpose one have to analyze the resources and then define some goals. Different strategies will be brought in to action to achieve those objectives and goals. Afterwards what will be the impact of investment for the company and how much profitable it will be also the role of taxation will be discussed. Chapter 1: Background and Introduction Introduction: Decision making is an important and necessary part of everyones life. When it comes to making business decisions i.e. where huge money is involved, and loss and profit make a big difference then financial decisions will be more risky, and difficult, however there will be certain rules and procedures by which risk of financial decision can be reduced or minimize the loss. The process of corporate decision making is the most important decision for effective management. Decision making process is based on experts knowledge and experience. The good financial decisions help the organization to generate profit effectively, if the decision is accurate, business in specific time will be successful, and however poor decision could lead to failure of business (Mind tools 2007). Every firm have some objective and goals because if there are no objectives and goals, then there is no point to struggle and hard work and therefore no development and success. According to those goals and objectives there will be a vision and mission of company and then some strategies will be defined to achieve those objectives. Profitability is the basic aim behind every strategy because it will help the company to forecast their profits, revenues and profits according to each strategy.(Lumby,S 2004) When deciding on an investment opportunity, one has to consider the risks involved. As an investor or manager makes decisions on which project to invest, consideration must be given for the Net Present Value (NPV) of the different projects from which to choose. Afterward, a good investor should conduct sensitivity and scenario analysis as well as a risk analysis. Sensitivity analysis shows NPV under varying assumptions, giving managers a better feel for the projects risks (Ross et al, 2005). In the real world, it is likely that there will be many variables affecting a project. The sensitivity analysis only modifies one variable at a time. This is where the scenario analysis comes into play. Scenario analysis examines a projects performance under different scenarios (Ross et al, 2005). Finally, the break-even analysis helps to calculate the figure at which the project breaks even. This is useful as Company want to know how bad forecasts must be before a project loses money. All three analyses help an organization or individual understand the risks involved in a project. The goal of dissertation is to analyze the risks associated with the investment that will help to make financial decision. Profitability index is a good tool to help determine which of the projects will give the company the highest value after investment. As a financial analyst, it is extremely difficult to eliminate bias for analysis. One has the option to adjust his or her stance and can choose to be conservative, moderate or aggressive. The value of the NPV, IRR and PI can be higher or lower based on the position that the financial analyst favours the most. This is a risk as it also poses some form of bias relating to the financial analysts view. The results would not show the true stance of the company, rather it would show the analysts view. To mitigate this risk, a strategic analyst will make decisions based on a combination of results and abstain from decisions based on his or her own stance (Ross et al, 2005). The fact that no one can be certain as to how the economy or market will perform in the coming years also poses a major risk. As the values are selected and decided, outside factors might have a major effect in the following years that will skew the current values. In the Financial decision making, no information is given on the stability of the market. If the market is not stable, predictions could not be made to a certain extent, thereby making investment decisions risky. To mitigate this risk, the concept of forecasting needs to be applied. Although forecasting would not eliminate all risks associated with the future, it may help identify and evaluate risks, clarifying factors and reveal assumptions (Veryard Projects, 2001). Forecasting will help to identify future risks in order for the companies to create a backup plan. Environmental scanning is also another mitigation method as it will help identify external factors that might pose a threat to their decisions (Veryard Projects, 2001). The Risk element in concept of investment decision is an imperative factor in the valuation of likely investments. Risk and risk management are at the core of an investments success. Risk refers to the volatility of unexpected outcomes, usually relating to the value of assets or incomes gained from them (Jorion and Khoury, 1996). In simple words, risk refers to a measure of the possibility of being surprised. A key concern for financial institutions and investors is the enormous issue of market risks. Risk can be categorised into number of types but a clear understanding of Financial Risk is beneficial in evaluation and monitoring of investments. Financial Risk is the variability in the investors returns. Investors can considerably reduce the variation in returns by carefully investing in two or more assets. Finally it is concluded that decision making is all about compare possible options and alternatives and financial decision is totally based on the theory of valuation because company valuation is necessary in order to make multiple alternatives and in all types of decisions there are same essential concepts involved which has exclusive features in the valuation and later on decision making process (Lumby, S 2004). These strategies help in making intelligent decisions by analyzing the given or required information. These strategies also help in selecting the best possible action based upon the consequences of decisions and also work out the significance of individual aspects (Mind tools 2007). Aims and Objectives The aim of this dissertation is to reduce the risk of financial decision making. To define a way for the managers by which they can reduce the risk of uncertainty and they can identify that whether to invest in this business is profitable or is there any risk of loss. There will be certain processes and procedures. By following them financial decision making will not very difficult and after investing these process will also make an estimation of the profit or loss. The main objectives of this dissertation will be as follows:- Identify the risks in financial decision making process. Define the methods and procedures to minimize the risk. To calculate that after investing in certain project what will be the impact of that investment i.e. Profitable or not. What will be the taxation effect? These objectives will be addressed in the different sections and then based on the research and findings a conclusion will be defined at the end. Chapter summaries This dissertation consists of an Abstract and five further chapters. In first chapter will be a thorough introduction of dissertation and about the aims and objectives In second chapter the literature review will highlight different areas of research and about the objectives to be achieved. Research methodology will be described in the third chapter and in this chapter different methods using during the research will be explained and also the collection of data. Chapter four will be about the outcomes of the research and there comparison with literature. Chapter five will be about the conclusion and recommendation by analyzing the objectives through different methodologies that what the final outcome of the dissertation is. Chapter 2: Literature Review Responsibilities of Financial manager in investment decision making The financial manager is the person whom primary responsibility for financial management in a firm. The financial manager must act as an intermediary standing among financial markets and the firms operations, where the firms securities are traded. The role of financial manager is very complicated its a two way process. Firstly, maintain a cash flow from shareholders to company and secondly from company to shareholders. This cash is for the purpose to acquire real assets used in and by the company operations and expanses. Later on if the performance of company is good and progressive these real assets generate profits for the company which works as cash inflows and finally this profit is returned to the shareholders who have earlier made the investment (BusinessCreditInfo.com, 2006). This shows that the financial manager has to deal with capital markets as well as the firms operations. Therefore, the financial manager must understand how capital markets work. The financial manager must undertake certain specific duties to carry out the responsibilities satisfactorily. Some of the main duties are summarized by the following; 1. The financial manager is continuously involved in financial analysis to monitor the financial performance of a firm. For example, financial manager has to ensure and provide adequate financial control such that funds are allocated in an efficient manner. 2. The financial manager must ensure that the firm meets its day-to-day cash requirements. 3. The financial manager advises on the acquisition of fixed assets such as cash, market securities, accounts receivable and inventories. 4. The current and fixed assets of a firm are usually financed through a combination of current and long-term liabilities, and equity, or shareholders money. The financial manager must ensure that a firm invests in the types and amounts of fixed assets needed for efficient operation. 5. The financial manager must pay attention to the welfare of the firms shareholders. In this regard, financial manager needs to develop and implement a dividend policy which is acceptable to these shareholders. The fundamental financial goal of any organization is to maximize the stockholders value. In general, an increase in stockholders wealth means that value has been added to firm assets and wealth of society has generally increased. In addition, stockholders are satisfy to contribute cash only if the decisions made to generate at least equal to the returns that stockholders could earn by investing in financial markets. Otherwise, shareholders might be wanted their money back. (Ardalan, K 2003) According to Van Horne J., (2007) stated that maximization of profits is regarded as the proper objective of the firm; however, maximization of profits is not as inclusive a goal as that of maximizing shareholder wealth. For one thing, total profits are not as important as earnings per share. A firm could always raise total profits by issuing shares and using the proceeds to invest in Treasury bills. The viewpoint of financial manager and stockholder regarding to maximizing share value are as following (Arcas, 2007); 1. The viewpoint of financial managers is creating high retained earning or profit to the company. Whereas, Shareholders consider to dividend and stock price of the company so the aim of the management is always to make the company profitable and progressive to maximize shareholders value. The makeup of the shareholders can change without affecting the operation of the corporation whereas the decision from financial manager could imply the trend of shareholders wealth. 2. Long-term and Short-term; financial managers: good financial managers will have a long-term plan to increase share value along with the current market situation. Meanwhile stakeholders and shareholders may desire to get the higher return with short-time period. Therefore, they may change and move around to find more profits. 3. Ethics in management; unethical financial manager may attempt to find the short-term prosperity and give him/herself a return in many kinds from company compensation. Meanwhile stakeholders: the inappropriate practice may lead to the unacceptable image and may relate to the industry wealth. In addition, shareholders: the unethical decision from manager could pull down the share value and may result in bankrupt if the owners are not promptly action to solve the issue. 4. Different Opinion in a type of investment to increase the shareholder wealth between financial manager and Shareholders because each person may see the high return from different perspective and the best decision can not be concluded. For example, stockholders may not think about risk of the possible earnings stream. Stockholders want to increase stock price by increasing the risk. On the other hand, financial manager who looks at the overall pictures for long-term goal, financial manager want to accelerate good performances of the company by limiting the risk that the company should take. Market price is the performance indicator for any company. It tells that how much company is earning and also the management performance on their shareholders behalf. The management is under continuous review. If a shareholder is dissatisfied with managements performance, he/she may sell his/her shares and invest in others company. This action, if taken by other unsatisfied shareholders, will put downward pressure on the market price per share. Therefore, the company cannot survive and raise the fund on as favorable terms as possible in the market which impact directly to the financial manager. In short, financial manager has important roles in managing financial in the firm, dealing with conflictions either boards of director, employees or shareholders, which made financial manager requires short-term and long-term viewpoint to increase financial status and to maximize shareholder value. Techniques used in financial decision making and risks involved Researches show that investment decisions which are made, no matter in large or small businesses are mostly dependant on Capital Budgeting techniques. According to Jones and Smith (1982), an American engineer has first use the present value calculations to calculate non financial investments back in 1887 who were really concerned with the railway construction economies (Jones and Smith, 1982). It is also seen that Fishers (1907) seminal work called The Rate of Interest is first discussed by an American economist evaluating in finding net present value.(Fisher, 1907). Capital Budgeting, frankly speaking is the process of generating, evaluating, selecting and following up on capital expenditures (Study Finance, 2007), or in other words the planning process used to determine a firms long term investment. According to Maccarrone (1996), in the last few years capital investment has boost in decision making and further believes that most of the theories about capital investments behavioural aspects and about the association between investment decision. (Maccarrone, 1996). Also looking at the research paper by Fourcans (1987), where he says that, in the success of all big names and multinational companies capital budgeting is the most popular strategy and plays very important role in the development of any organization. As other techniques there are some drawbacks, ambiguity and risks involved in using capital budgeting as Fourcans (1987) focused that when you use certain strategies in business, a certain risk level is associated with each technique (Fourcans, 1987). As mentioned before, majority of investment decision which take place are mostly backed up by capital budgeting techniques, but in real life, not all companies follow the same type of techniques. The type of techniques they use sometimes depends on their size or on the position of the business in the market. In this report wewill be looking at different business positions and list the type of techniques they use based on research. Also there will be a discussion on looking at the risks and uncertainty involved in capital budgeting techniques because theories and researches suggest that quite a lot of time the results from capital budgeting are inefficient and in-accurate. Technically speaking, every investment project is worth the go if the net present value (NPV) is positive, but according to Holmà ©n (2005) this is not always the case. For the calculation of NPV, different cash flows of a project required and then discount them at a given discount rate. Discount rate is the risk of cash flow for which the price is charged by capital markets. The formula for NPV is Where t is Time of the cash flow. r is The discount rate. Ct is the net cash flow. The stockholders from big organizations think that discount rate is a risk according to the strategy that affects the project value. During capital budgeting, the deficiency of capital markets, bankruptcy costs were mostly ignored when there is capital market imperfection (Holmà ©n, 2005). This reason is also backed up by Stulz (1999) who believes that there are certain aspects which are neglected while making decisions based on NPV (Stulz 1999). There is no doubt that NPV is the most commonly used technique, but there are also other alternates like payback period etc. The payback method used is consider the most imperfect method because firstly it overlooks cash flows and secondly time value of money; this factor is ignored. According to Graham and Harvey (2001), which is also a surprising fact that 57% of Corporate Finance Organizations (CFo) apply payback method for capital budgeting decisions and 76% use NPV method (Graham and Harvey, 2001). Koedik et al (2004) says that the met hod of payback is widely used not only in Europe but also in UK, Germany and France. It is second largely popular technique in Netherlands subsequent to NPV (Koedjik et al, 2004, pg 71-101). As stated previously in the report, most of the organization use capital budgeting in different ways and techniques depending on the size and growth because if a company is bigger in size and position is stable then they have higher expectations and they will use more complex techniques because they have extra shares in the markets and they have got enough time to achieve what they have budgeted. As mentioned in the research done by Holmà ©n (2005), large and growing organization, the majority of them use NPV more willingly then other techniques (Holmà ©n, 2005). Even Ryan AND Ryan (2002) states in his research that NPV and IRR is most popular capital budgeted technique in progressed organization. Patricia and Glenns research was done on 1000 companies and the outcome was, about 49.8% big organizations use NPV and on the other hand 44.6% use IRR with the possibility of using each more commonly being 85.1% and 76.7% respectively (Ryan and Ryan, 2002). Collis and Jarvis (2000) say that in small companies financial decision is all depends on owners and managers that how they use their resources and information to manage and control their process (Collis and Jarvis, 2000). Consequently, According to Peel and Wilson (1996), if financial management practices in the small firm sector could be improved significantly, then fewer firms would fail economic welfare would be increased substantially (Peel and Wilson, 1996). Normally in practise small companies tend to follow the criterion of big financial names but according to their size and growth they make their own policies and strategies with clear intention keeping in mind their objects and goals and are quite similar like the big organizations are following. These can be explained critically as follows. First, the financial management practices of large firms are neither conclusive nor indisputable. On the contrary, they are controversial and continually changing (Johnson and Kaplan, 1987). Second, the larger companies themselves, even with highly skilled and experienced staff, do not always stick strictly to standards defined by them so could not avoid the serious failure in real practise of financial decision making (Jarvis et al., 1996).Third, many research studies have demonstrated that because of the structure small companies do not function in the circumstances as large organizations because of the different environment, economy and financi al restrictions (Curran, 1990). According to McMahon and Stanger (1995), because of different size and growth there is a difference in operation environment and so in the level of risk and uncertainty (McMahon and Stanger, 1995). So it can be said that uniqueness of small firms required financial strategies which suits to its requirements and which are designed to fulfil its requirement according to their scale and quite similar to the strategies of big successful organizations (Jarvis et al., 1996). Small organizations have limited resources to manage the strategies in the real world as compare to the big organization (Jennings and Beaver, 1997). So the fact is that small companies have different environment and conditions as compare to large organizations because the decisions making capability of small firms is often unstable by success point of view which big organizations dont face many times. According to Taylor III (1998) research, when assess the investment management there are two perspective namely local and global. In local perspective company performance can be calculated by its smaller units and then combine them on a local level. If performance of the company at the local level is good then it will maximize the performance of the organization as a smaller component. Local measures include usually Pay back method, IRR (Internal Rate of Return) and NPV (Net Present Value). On the other hand global measures assess any company performance as complete unit. If the performance of company as complete unit is fine it will maximize the performance of the organization completely. In global measures ROI (Return on Investment) net profit and cash flow techniques are being used (Taylor, 1998). As above explained that the difference of capital budgeting techniques in small and big organizations. Now see that do these techniques make any difference in public and private sector. According to Habib et al (1997) tells how financial decisions made. In his paper he said, Recent developments, such as privatization and the private finance initiative, have raised the issue of which assets should be owned by the public sector and whether assets have different values in the public and private sectors (Habib et al 1997). The research shows that there is a difference between capital investment in each sector and in different organizations depending upon their size, capabilities and growth and how well establish companies maximize shareholders value and how finance managers take decisions for the benefit of shareholders. As the research continues it tells us that NPV (Net Present Value) is used to calculate shareholders value but calculation by NPV shows a risk in the financial market and more research shows that calculation by NPV calculation in evaluating the risk factor is efficient or not. Further research shows that projects using NPV in most of the public sectors are quite similar so the outcome is also similar which will help in getting the profitability and maximize the shareholders wealth (Habib et al,1997). Capital budgeting techniques which are frequently used these days in every organization do involve certain amount of risk. In investment decisions the techniques involved not always give perfect outcome. Drury andTalyes (1997) in their research say that for a long time capital budgeting techniques in UK and USA and using all four techniques of capital budgeting i.e. NPV, IRR, ARR and PBP. Further says despite the increased usage of the more theoretically sound discounting techniques, several writers in both the UK and USA have claimed that companies are under investing because they misapply or misinterpret discounted cash flow techniques(Drury and Tayles, 1997). Other writers like Finnie (1988), Hodder and Riggs (1985) and Kaplan (1986) say that firms are guilty of rejecting worthwhile investments because the improper treatment of inflation in the financial appraisal; inflation affects both future cash flows and the cost of capital that is used to discount the cash flows (Finnie, 198 8; Hodder and Riggs, 1985; Kaplan 1986). Amongst the risk involved in the investment appraisal techniques is the use of excessive discount rates. Dimson and Marsh (1994) say that many UK companies may be using excessively high discount rates to appraise investments and, as a result, these companies are in danger of under investing (Dimson and Marsh, 1994). Porter (1992) says that in the USA it has also been alleged that firms used discount rates to evaluate investment projects that are higher than their estimated cost of capital (Porter, 1992) Ehrhardt and Daves (1999), in their research for unusual and extraordinary cash flows, say that by ignoring cash flows, capital budgeting results are incorrect which are Quite large From normal operating cash flows risk are quite different Not part of companies normal operating cash flows. There are some risk avoidance methods which can be used to get more accuracy in investment decisions. These methods and techniques can be used for the future purposes in taking financial decisions (Ehrhardt and Daves, 1999). Take right decision at the right time is important so to get good outcome from capital budgeting it is essential to use right technique at the right time. (Pollet et al, 2006). Research shows that there is a difficulty in calculating the theory of capital budgeting and find different opportunities of investment and when making investment decisions the market should be consider positive. Further it is observed that organization using complex budgeting techniques to achieve their high standard goals and objectives for short term and in order to gain maximum market share, but on the other side companies with high goals for long term use target oriented strategies which are not very difficult to achieve (Della Vigna and Pollet, 2006). Chapter 3: Research Objectives Research questions How much external and Internal funds impact on Corporate financial decisions and how? How corporate capital structures effect the financial decision making? Has tax effect in corporate financial decisions? If yes how and how much? Objectives To find out the financial decision making process of a company and the basic ideas on which that decision is based. To identify how taxes affect the process of financial decision making process and how much the effect will be? To find out how different type of investments effect the financial decision making process and how much the effect will be? To research how can we reduce the risk of decision making in the industry using corporate financial decision, how a company should make its decision and which aspects a company should be concerned about while making an investment decision? Chapter 4: Methodology Research Philosophy According to Remenyi et al (2003, p.32) positivistic philosophy aims at the derivation of laws or law-like generality which are related in natural and physical sciences. In quantitative research the researchers are allowed to understand the concept of the problem which is under observation. Facts and the causes of behaviour is the major emphasis area(Bogdan and Biklen 1988), in which the numeric information can be calculated, and summarized using a mathematical process and then the final outcome which is in statistical terminology is formulated (Charles 1995). There are two features common in realistic philosophy and positivism philosophy: a belief that for data collection in social and natural sciences the approach is almost same and for explanation and assurance to the view that scientists normally pay attention to the external reality (Bryman 2001). The interprevistic philosophy in contrast, emphasize that the suppositions of both philosophies are unnecessary; especially in cases where many factors manipulate the objective of the study, very complex to separate and control in experimental laboratory settings (Hirschheim and Klein 1994). Qualitative research, generally defined, means any kind of research that generates result not arrived at through quantification (Strauss and Corbin 1990, p.17) and which take place from real-world circumstances (Patton 2001, p.39). In this situation this study is using interprevistic approach because the findings i.e. how to make investment decisions and how much will be the risk in that decision and how much will be the impact of that investment afterwards is really difficult to calculate exactly and also is a complex collection in real-world scenario, so it will not appropriate to use positivistic approach. Research approach Inductive reasoning implement to the situations where measurements or some particular observations are formed towards formulating broader conclusions, generalizations and theories (Saunders et al. 2003, p.87-88). The deductive reasoning is the approach in which one start thinking about generalizations, and then continues towards the particulars of how to implement the generalizations (Saunders et al. 2003, p.86-87), mostly applicable in disciplines where agreed facts and established theories are available (Remenyi et al. 2000, p.75) From the following table will tells the major differences among inductive and deductive approaches and in this research, inductive approach will be used as it is best suitable for an interpretivistic research. Deduction Induction Processing from theory to data high structured approach collection of quantitative data independence to researcher understanding research context closely realization that the researcher is the part of research process collection of qualitative data providing flexible structure allow to change the research emphasis by the progress of research <

Hercules Essay -- essays research papers fc

What Is A Myth? A myth is a purely fictional story that has been passed on for generations, usually involving supernatural persons, actions or events. Hercules (also called Herakles), is one of the strongest and most celebrated mythical heroes. These myths were made up thousands of years ago and have acquired more details as they have been passed down. The story of Hercules is one of a man who was so strong and courageous, whose deeds were so mighty, and who so endured all the hardships that were given to him, that when he died, Hercules was brought up to Mount Olympus to live with the gods. Hercules was both the most famous hero of ancient times and the most beloved. More stories were told about him than any other hero. He was worshipped in many temples all over Greece and Rome. Birth of a Hero The legacy of Hercules began when Zeus, the chief god, fell in love with a mortal woman named Alcmene. When Alcmene&#8217;s husband, Amphitryon, was away, Zeus made her pregnant. This made the goddess Hera so angry that she tried to prevent the baby from being born. When Alcmene gave birth to the baby, she named him Herakles (Romans pronounced it "Hercules"). The name Herakles means "glorious gift of Hera". This made Hera even angrier. When Hercules was an infant, Hera sent two serpents to destroy him in his cradle. However, Hercules strangled them, one in each hand, before they could bite him. When Hercules grew up and had become a great warrior, he married a young woman named Megara. They had two children together and lived very happily. However, things didn&#8217;t turn out as they do in the movie. One day, Hera sent a fit of madness to Hercules that put him into so great a rage, that he murdered his wife and both children. When Hercules regained his senses and realized what he had done, he asked the god Apollo to rid him of his sins. Apollo commanded that Hercules do certain tasks as punishment for his wrongs, so that evil might be cleansed from his spirit. Apollo was a god of prophecy and the Greeks believed that Apollo knew what would happen in the future, and that he could advise people how to act. Hercules hurried to the temple where Apollo gave such advice. It was in the town o... ...ra that Hercules had suffered enough, and Hera agreed. Athena was sent to retrieve Hercules from the pyre and to bring him back to Mount Olympus on her chariot. There, Hercules was to spend his life, as a god. Bibliography 1. Compton&#8217;s Interactive Encyclopedia (1996) for Windows 95 2. Webster&#8217;s Concise Encyclopedia for Windows 3.1 or 95 3. www.perseus.tufts.edu Table Of Contents 1. What Is A Myth? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2. Birth Of A Hero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3. The 12 Labors Of Hercules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-8 4. The Death Of Hercules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 5. Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Hercules Essay -- essays research papers fc What Is A Myth? A myth is a purely fictional story that has been passed on for generations, usually involving supernatural persons, actions or events. Hercules (also called Herakles), is one of the strongest and most celebrated mythical heroes. These myths were made up thousands of years ago and have acquired more details as they have been passed down. The story of Hercules is one of a man who was so strong and courageous, whose deeds were so mighty, and who so endured all the hardships that were given to him, that when he died, Hercules was brought up to Mount Olympus to live with the gods. Hercules was both the most famous hero of ancient times and the most beloved. More stories were told about him than any other hero. He was worshipped in many temples all over Greece and Rome. Birth of a Hero The legacy of Hercules began when Zeus, the chief god, fell in love with a mortal woman named Alcmene. When Alcmene&#8217;s husband, Amphitryon, was away, Zeus made her pregnant. This made the goddess Hera so angry that she tried to prevent the baby from being born. When Alcmene gave birth to the baby, she named him Herakles (Romans pronounced it "Hercules"). The name Herakles means "glorious gift of Hera". This made Hera even angrier. When Hercules was an infant, Hera sent two serpents to destroy him in his cradle. However, Hercules strangled them, one in each hand, before they could bite him. When Hercules grew up and had become a great warrior, he married a young woman named Megara. They had two children together and lived very happily. However, things didn&#8217;t turn out as they do in the movie. One day, Hera sent a fit of madness to Hercules that put him into so great a rage, that he murdered his wife and both children. When Hercules regained his senses and realized what he had done, he asked the god Apollo to rid him of his sins. Apollo commanded that Hercules do certain tasks as punishment for his wrongs, so that evil might be cleansed from his spirit. Apollo was a god of prophecy and the Greeks believed that Apollo knew what would happen in the future, and that he could advise people how to act. Hercules hurried to the temple where Apollo gave such advice. It was in the town o... ...ra that Hercules had suffered enough, and Hera agreed. Athena was sent to retrieve Hercules from the pyre and to bring him back to Mount Olympus on her chariot. There, Hercules was to spend his life, as a god. Bibliography 1. Compton&#8217;s Interactive Encyclopedia (1996) for Windows 95 2. Webster&#8217;s Concise Encyclopedia for Windows 3.1 or 95 3. www.perseus.tufts.edu Table Of Contents 1. What Is A Myth? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2. Birth Of A Hero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3. The 12 Labors Of Hercules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-8 4. The Death Of Hercules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 5. Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Teachers should give less homework Essay

Let’s imagine waking up super early in the morning, then making your way to a place that’s complete chaos, called School, then going through seven class periods, seven slow hours. Doing tons of work in classes working hard. So when the day is finally over you’re just ready to go home and relax, not to do stressful, super hard homework that you were given that day. I believe teachers should give less homework for many reasons. One being, us students get overwhelmed when we have too much homework. If homework for one class takes us 45 minutes up to an hour, imagine doing homework for all seven classes that you attend. Another reason being children would have more times for activities outside of school, such as sports, family time, or even academic activities outside of school, if they didn’t have so much homework to finish. High School kids don’t get as much sleep as they should because they are up doing countless amounts of homework for the maximum of seven classes, and if we aren’t doing homework were studying for a test or possibly even multiple tests we might have the following day. More work doesn’t mean necessarily mean more learning. Assigning more homework isn’t helping us students learn more, especially if it’s really overwhelming and we don’t understand how to do it, so we don’t. If teachers limited the quantity of how much homework we had, then they would receive better quality back, meaning if you assign us less homework/decrease how long the assignments are, and then you can expect us to do more quality work on what you do assign. Family time is valuable. We want to be able to truly spend time with our family members in the evenings, but we can’t accomplish that because homework takes up all that time we would have normally used. And, yes, I know that for lots of students it’s the TV that’s their companion at night instead of their parents. But that’s not how it is with all the students. There are definitely families out there who want to relax together in the evening but simply cannot do so because their child is entrenched with homework. Plus, the teachers could benefit from this as well. Less homework means less tracking and grading for teachers. If this were the only reason for giving less homework, then it would not be a very good one. But as it stands, there are lots of great reasons to give less homework, but those are some reasons why I believe teachers should give less homework.

The Relationship Between Sport and Tourism Essays

The Relationship Between Sport and Tourism Essays The Relationship Between Sport and Tourism Paper The Relationship Between Sport and Tourism Paper The relationship between sport and tourism In order to understand the meaning of sport tourism, firstly we need to understand the term sport and tourism. Generally, sport can be defined as â€Å"all forms of physical activity which, through casual or organised participation, aim at expressing or improving physical fitness and mental well-being, forming social relationships or obtaining results in competitions at all levels† (Council Of Europe, 1992). Having said that, sport is actually a form of activity that is participated by people and it involves not only the participant but also other people. As for tourism, the World Tourism Organisation (WTO) (2000) defined it as â€Å"activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes†. In this case, both sport and tourism is seen as a form of travel from one place to another. For instance, most sport nowadays involves a considerable amount of traveling to play and compete in different destinations and countries. Other than that, there are also people that travels for the purpose of visiting sports attraction such as stadiums, sports museum and also sports hall. Nowadays, sport and tourism can be seen as an inseparable phenomenon and sport tourism itself is considered to be the fastest growing sector of the tourism industry. However, the definition of sport tourism varies among people, until now, there still has not been a standardize definition for it. Over the years, there have been attempts to define it; for instance (Weed et al, 1997). As such, Standeven and De Knop (1999, p. 2) defines sport tourism as, â€Å"All forms of active and passive involvement in sporting activity, participated in casually or in an organized way for non-commercial or business/commercial reasons, that necessitate travel away from home and work locality†. Therefore, it is known that sport and tourism relates to one another, as also stated by Hinch and Higham (2001) that â€Å"sport tourism is a sport-based travel away from the home environment for a limited time, where sport is characterised by unique rule sets, competition related to physical prowess and play†. Furthermore, they also added that sport is considered to be â€Å"a significant travel activity, whether it is a primary or secondary feature of the trip†. According to Keller (2001), â€Å"the relationship between sport and tourism can be traced back to the ancient Olympic Games†. This is when all the people in the earlier days travelled to the olympic site just to attend the hallmark event. However, according to Delpy (1998), â€Å"high numbers of travellers searching for active and passive involvement in sports are of more recent origin†. The factors resulting to this trend is because there is an expanding demographic profile of participants in sports (Glyptis, 1989), increased demand for active engagement in recreational pursuits while on holiday (Priestley, 1995), and a growing interest in the prominent roles played by sports and sports event in urban renewal and urban imagery, and potential to leverage tourism opportunities associated with sports events (Getz, 1998). Other than that, sport tourism can be categorized into three types of tourism. According to Gibson (2003, pp. 07), â€Å"there is the active sport tourism where participants travel to take part in sport, event sport tourism where participants travel to watch the sport, and also nostalgia sport tourism where participants visit sports related attractions such as halls of fame, famous-stadia or sports-themed cruises†. Furthermore, active sport tourism consists of the active sport tourists, an individual who takes part in sport while on holiday. Gen erally, the sport that is usually related to this type of sport tourists are golf, skiing, swimming, tennis, and sailing. Moreover, the active sport tourist can be breakdown into three more categories; De Knop (1990) states that, â€Å"they are the pure sport holiday, where the primary purpose is to take part in sports such as skiing or golf; the vacation, in which sport is not the primary purpose but individuals make use of the sports facilities in their vacation locale; and the private sporting holiday, where people take part in informal pick-up games such as beach volleyball†. This is important because it means that the sport tourists differ from one another. This also suggests that they require different type of motivations for their choice of sports to participate in. The types of facilities offered, the course’s degree of challenge and also the pricing is considered to be the motivation for most sport tourists. As such, most resorts, clubs, and other hospitality industry try to offer the best facilities in order to attract this type of tourists. Other than that, a research on a cross-country ski and walking event in Japan identified that the reason of being healthy,fit and also â€Å"for the love of sport† are also considered motivational factors (Nogowa, Yamguchi, and Hagi, 1996). As have been said before, event sport tourism consists of participant that travels to watch the sport event. According to Delpy (1997), the experience of â€Å"being there† is considered to be the motivation for most event sport tourists. For instance, the experience of attending the Olympic Games differs from the experience of by just watching the games on television. The main point to be discussed here is that the event sport tourists is responsible in benefitting the host community. This is because most of this event sport tourists are not only from the local community, but comes from all around the world. For instance, when the 2006 Fifa World Cup was hosted, it consisted of 32 national teams representing their country. Thus, there were 31 different countries in Germany at that time and each of the country represents a group of event sport tourists in support of their national team. Having said that, Germany as the hosting country benefited from the Fifa World Cup because a large amount of money were spent by those event sport tourists while there were in Germany. It means that there were increased in economic perspectives when Germany hosted the Fifa World Cup. As for nostalgia sport tourism, it consists of nostalgia sport tourists visiting stadiums, halls of fame, and sports museum. The main purpose of their visit is to experience the place by themselves; such as the stadiums. For instance, taking the Old Trafford Stadium as an example; this type of tourist is a hardcore supporter of the Manchester United team, and only have watched the team playing through the television, thus the â€Å"feeling† of being there have developed. Therefore, it has been decided that this tourist has to visit the Old Trafford Stadium in order to get the maximum satisfaction. As we know it, sport and tourism relates to one another because it works both ways. For instance, if an individual wants to go skiing and there are no skiing facilities around, that individual has to travel to a destination which provides the facilities. Apart from that, when the sport tourists travel to another country, at the same time it boosts the country’s tourism sector. Thus, the country’s economy also increases. This is because when the sport tourists travel, they will not only use the sport facilities, but also uses the other facilities such as the accommodation, public transport, local restaurants and so on. Nowadays, most countries see sport and tourism as a way to develop and to improve the country. For example, the hosting of a mega-event such as the Olympic Games or World Cup. For years, â€Å"competition to host mega-events, such as the Olympic Games, has been intense and huge amounts of money are spent bidding for these events† (Jennings, 1996). It is known that by hosting this type of events, the hosting country will have impacts from it, through economically and also socially. Thus, cities all over the world are working hard to win the bidding process. However, even before the results of which city will be hosting the mega-event is decided, the process of bidding has already impacted the cities that is taking part in the bidding process. By taking the Olympic Games as an example, the cities that are running for the bidding process have to prove to the International Olympic Committee (IOC) that they are capable of hosting such events. This is done by making sure that they are able to provide the facilities such as the stadiums, accommodation and public transport that is needed. Therefore, in order to provide this kind of facilities, the cities have to redevelop themselves and this usually involves high costs. The costs of building and upgrading existing infrastructures often becomes a major concern for the local communities. This is because the taxpayer’s money is being used and often the infrastructures that is build for the purpose of hosting the mega-event are not fully utilized after the event. Furthermore, it is known that the mega-event will generate revenue and contribute major benefits to the hosting cities,region and countries. This is because the mega-event will attract a substantial domestic and also international tourists. Other than that, this is also an opportunity for the host’s country to promote their culture and image as a country. Other impacts of hosting such event are the host community will have an increased in tourism sector, increased tourist knowledge of the country, and the urbanisation of cities. However, there are also the negative impacts of hosting such event, for instance investment in non-needed structure, temporary crowding in cities, increase in crime and also increased in property rental. Thus, it is very important for the host community to properly manage and plan the mega-event as have been argued by Roche (1994) that, â€Å"mega-events tend to be short lived but have long-term consequences for a community that may not always be positive†. There have been a lot of research on the link of sport and tourism, however, it has always been focusing on one dimensions of sports tourism; for instance â€Å"holidays involving sport either as participant or as spectator† (Weed and Bull, 2004). To begin with, it has been identified that there are wo types of sport-related tourism, such as a destination that is using sport to develop their tourism identity and also where the tourism of a destination is develop unintentionally because of the sport activities. This has further been concluded by Gammon and Robinson (2003) that â€Å"sport and tourism is not just about the management and operation of mega-events, it also concerns offering consumer-specific sports and tourism-related services and experiences†. One of the sport that is related to this kind of phenomenon is golf. For most of the golf enthusiast, the sport; golf is considered to be a form of sport-related tourism. This is because the participants tend to travel to other parts of the world just to experience the different types of courses. As stated by Hall (1992), â€Å"golf tourism is considered a major tourism activity both as a direct form of special interest travel and as an adjunct to other forms of travel†. Research on golf tourism has estimated that â€Å"there are over 60 million golfers across the world† (Readman,2003). As such, it can be concluded that golf as a form of sport-related tourism represents the largest sport-related tourism sector. For over decades, golf has been considered as a sport that is played and enjoyed by most people as a past time activity and golf does not have a specific age group of participant. Therefore, it is not surprising that the popularity of golf has grown so fast and the influx of tourists to international golfing destinations has also grown substantially. Furthermore, this type of sport tourist; known as golf tourist can be categorised into three generic types, consisting of the avid golfer; this type of golf tourist is known to travel with golf as the primary focus of the trip and usually prefers world-class golf courses and facilities. Secondly, there is the business traveller golfer; they known to be the business people which put golf as a secondary option, usually playing golf when the resort provides such facilities. Lastly, there is the family golfer or according to Golf 20/20 (2004); known as â€Å"occasional golfer†. This type of golf tourist is known to consider golfing as an activity while travelling but is not likely to choose the travel destination based on the golf courses that is provided. This type of golf tourist also prefers travel destination which provides â€Å"family-oriented activities† (Tassiopoulos Haydam, 2007). However, according to Weed and Bull (2004), golf tourists are categorised by their â€Å"behaviours and motivation and identified as experienced and learner participant†. Moreover, the involvement of the golf tourist are often associated by the type of golf courses provided; the degree of challenge, the uniqueness of the course. All of this are taken into consideration when golf tourists are to planned their travel golfing destination. For some golf tourists, such as those from United States, United Kingdom and Europe; they tend to travel to other places such as the Caribbean due to seasonal factors. This is because places such as the Carribbean has good weather all-year round unlike those in the United States, United Kingdom and Europe. Thus, the Carribbean are taking this as an advantage to promote their tourism in terms of sport-related. Other than that, as for the golf tourists from Korea; the motivation for them to travel is because â€Å"Korea does not have the sufficient golf courses to meet the demand of golf tourists† (Golf Course News, 2003). Furthermore, other motivation for the golf tourists is that it is relatively more cheaper to play golf at other golf destinations compared to in Korea. Despite all of it, there are concerns about the lack of integrated practice and policy among sport and tourism agencies (Gibson, 2001). This is because most sport and tourism agencies lack the coordination in developing policy for sport tourism. Both agencies treat sport and tourism as a separate activity; while both are relatively connected to each other. As stated by De Knop (1990), â€Å"the lack of an integrated sport tourism policy is common throughout the world†. He further stated that without an adequate policy, conflicts of interest among various departments, agencies, ministries, bureau will become more common. Other than that, there are also growing concerns about the effects of sport tourism to the environment. This is because most sport-related tourism requires an area in which needed to be developed before it can be utilized. There is also the concern of maintaining the sport destination. For example, in order to build a golf course, firstly you need have a huge amount of undeveloped land. Therefore, the impact of building a golf course on the environment are the destruction of natural habitat and also deforestation. Apart from that, the sport; ski also contributes in effecting the environment. This is because it is effecting the natural wildlife in the Alps. Therefore, this kind of environmental impacts of sport-related tourism shows that there is a need at a certain level to coordinate and to develop an integrated policy before it is too late. In conclusion, over the past years, there have been alot of research on the relationship of sport and tourism, especially in trying to give sport tourism the proper definition. Whether it is called sport tourism, sports tourism, sport and tourism; all of this are actually just a terminology that have been adapted throughout the years by academic scholars. Therefore, it is important for those scholars to actually conceptualize a thorough definition of the term sport tourism; not as two different sector but as one. Thus, further analysis on sport tourism has to be researched by the academic scholars. In terms of the types of sport tourists that has been identified, it is important to know what actually motivates them in choosing their travel destination in relation of their sport activities. This is because in order for the tourism sector to fully utilize the facilities that they provide, they have to take the sport tourists set of thinking into consideration. As have been said before, the relationship of sport and tourism are interrelated to each other, because without the sport tourists, the tourism industry will not be able to benefit from it. The development of a country also depends on this sport tourists; thus it is important for the local government to coordinate with the tourism agency in order to gain the economical benefits. As have been stated, the sport tourism sector plays an important role in developing such a nation. However, it is also important for the country to properly plan and manage their tourism sector, in this case, when a country is trying to bid for a mega-event, they have to take everything into consideration, even the smallest things. This is so that a positive outcome will be achieved rather than a negative outcome. However, one thing that needs to be taken seriously when trying to develop the tourism industry is the environment. Due to the lack of policy coordination, the environment has to suffer and this has to be taken seriously by the local government agencies. To finish off, there are more sections on sport tourism that needs further research on; future studies should include an in-depth look on the needs, motivational perspectives, and the behaviours of sport tourists. This is so that sport tourism will continue to grow and hopefully it will be a more supportive sector in developing a country.

The Comedy of Errors - Performance Analysis essays

The Comedy of Errors - Performance Analysis essays The Comedy of Errors turns out to be precisely what the title promised. It is a play about magic and illusion in a faraway country. The Comedy of Errors shows how a series of confused identities eventually leads to chaos in a community, and just how deceiving appearances can be. The audience is witness to the madness that rapidly takes over suspicious minds, and finally, the much-awaited reunion of one family. It is a farcical comedy, a fantasy in a distant country, which simultaneously arouses in the audience some degree of sympathy and compassion for the characters. John Bell, the director of the play, uses various factors to illustrate this, including a number of material aspects of the production. I will discuss these further in the essay. Before watching the play I perceived it to be of a high quality, with talented actors, as it was being performed at the Sydney Opera House, in the "Playhouse". Knowing it was a Shakespearean comedy, I was doubtful of whether the language would be understandable. However, having seen previous productions by the Bell Shakespeare Company, I was sure this would not be the case. The Company has a reputation of contemporising Shakespeare's plays, in order to appeal to a younger, Australian audience, and so, the language did turn out to be somewhat easier to grasp, accompanied by the actors' gestures and facial reactions. The narrative of the play is set from the first scene. The Comedy of Errors is about a merchant, Egeon, who has twin boys, both called Antipholus. He adopts another set of twin boys, both called Dromio, to grow up to be servants to his sons. In a shipwreck, Egeon is separated from his wife, Emilia, along with one of his sons and servants. When his son, Antipholus of Syracuse, grows up, he decides to seek out his twin brother and sets out for Ephesus. Egeon, who follows him there, gets arrested and sentenced to death unless he finds his son to pay for his bail. The existence of t...

Application of Nursing Theory Assignment Example | Topics and Well Written Essays - 250 words

Application of Nursing Theory - Assignment Example A nurse manager who has authority over the staff calls them for a meeting whereby they highlight issues affecting their work and carry out collective decision-making. This way, they arrive at good conclusions and each staff is given a goal to attain. After a stipulated period, their work is evaluated whereby each staff is held staff accountable of the already assigned tasks. Nurse mangers can apply this to influence outcomes in patient-care delivery as well as patient satisfactory scores (Meleis, 2011). This theory is well applicable in patient care delivery because the nurses help the patients cope with stress (Meleis, 2011). Stress according to king entails a state where the patients interact with the nurses to maintain a balance for growth (Meleis, 2011). During the transaction between the patient and the health care provider, the patient is given a feeling of control by being involved in decision-making, the nurse listen to their complains as well as offer additional education besides aiding in decision acing (Meleis, 2011). The theory also applies in patient satisfactory scores since as the nurses provide medical and technical information, the patient contributes personal and emotional info. They combine their perceptions and judgments hence drive towards goal attainment (Meleis, 2011). If goals are attained, there will be satisfaction as well as e ffective nursing

Plan for obesity Essay Example | Topics and Well Written Essays - 750 words

Plan for obesity - Essay Example Simple explanation to the effect is that during 1950s and 1960s towards 1970s through to 1980s, the world treated to less advanced technology and family systems that reiterated the importance of parental care during growth and development of children. Currently, almost every parent involves in income generating activities and has limited time to socialize and provide direction to children on issues related to diets and technological use. For clear understanding of the concept of obesity and its causes, it is important to consider the principles of Social psychology theory. Social psychologists have interest in studying factors within societies that make people behave, imagine, think, believe and act in the way they do in the presence of others and relative to social contexts. Social psychology help in exploring the change in the relationship between parents and their children and the impact of such as far as childhood obesity is concerned. In the past when economic situations were bearable, and parents did not have to work for more than twelve hours daily, obesity was term identical to any sphere of social structure including medical field. This probably was due to the closeness of parents to their children that enabled opportunity for parents to regulate activities of their children. In the years before 1980s, parents ensured that their children played and consumed healthy meals. Technological advancement that is c urrently responsible for high presence of processed ready food materials was also absent or minimal. Currently, economic difficulties have forced parents to work for longer hours and sparing little time to socialize with their children to provide guidance on healthy food consumption, physical practices and sustainable use of technological entertainment materials like televisions, computers, and play stations among others. That disconnection between parents and children has exposed the latter to unsorted advertisements about food materials,