Study On The Determination Of Exchange Rates Finance Essay - Free Essay Example

Sample details Pages: 11 Words: 3412 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? It is a theory which says that exchange rates between currencies are in stable position when their purchasing power is the similar in each of the two countries. This means that the exchange rate between two countries should equal the ratio of the two countries price level of a fixed level of goods and services. When a countrys domestic price level is increasing (i.e., a country experiences inflation), that countrys exchange rate must depreciated in order to return to PPP. There are two versions to Purchasing power parity (PPP) and has been called as Absolute PPP This concept explains about the exchange rate between two countries will be identical to the ratio of the price levels for those two countries. This concept is derived from a basic idea known as the law of one price, which states that the real price of a good must be the same across all countries. Don’t waste time! Our writers will create an original "Study On The Determination Of Exchange Rates Finance Essay" essay for you Create order Relative PPP: Relative PPP refers to rates of changes of price levels, that is, inflation rates. This proposition states that the rate of appreciation of a currency is equal to the difference in inflation rates between the foreign and the home country. The  balance of payments approach  (BOP) Under the BOP approach, the home price of a foreign currency is determined just like the price of any commodity. The price is determined by connecting the market demand and supply curves for that foreign currency. Demand and supply for foreign exchange is determined by the flows of currency created by international dealings. According to the BOP theory of exchange rates, the supply and demand for a currency arise from the flows related to the BOP such as Foreign direct investments Exchange rate regimes Portfolio investment etc Equilibrium exchange rates are determined when the BOP is in equilibrium. Exchange rates will move in response to a BOP imbalance and, therefore, will restore the equilibrium to the BOP. Asset Market Approach It argues exchange rates are determined by the supply and demand from a wide range of financial assets: Movements in the supply and demand for financial assets revise exchange rates. Movements in monetary and fiscal policy revise the expected returns and perceived relative risks of financial assets, which in turn alter exchange rates. The  asset market approach  assumes that whether foreign investors are willing to hold claims in monetary form depends on an widespread set of investment consideration or drivers such as Relative real interest rates Prospects for economic growth Capital market liquidity Political safety Corporate governance practices Speculation Theories of Fund Flow Funds flow is defined as the net of all cash inflows and outflows coming in and going out of  various financial assets. Fund flow is usually measured on a monthly or quarterly or on a periodic basis.  The performance of an asset or fund is not taken into account, only share redemptions (outflows) and share purchases (inflows).   Net inflows create excess cash for managers to invest, which theoretically creates demand for securities such as stocks and bonds.  Ãƒâ€š Law of one price The theory that the price of a given security, commodity or asset will have the same price when exchange rates are taken into consideration. The law of one price is another way of stating the concept of purchasing power parity. The law of one price exists due to arbitrage opportunities. If the price of a security, commodity or asset is different in two different markets, then an arbitrageur will purchase  the asset in the cheaper market and sell it where prices are higher. When the purchasing power parity doesnt hold, arbitrage profits will persist until the price converges across markets. The spot exchange rate is the price that is quote for immediate (spot) arrangement (payment and delivery). Spot settlement is usually considered to be a couplar of business days from deal date. The spot exchange rate is normally close to the current market rate because the  transaction  occurs immediately and not some time in the future. The forward exchange rates it the rate where contract price are set now but the delivery and payment will occur at a future date. Forward Spread is the price difference between the forward price of the security and spot price of the same security over a same period of time. Forward Spread can be calculated by taking the spot price today and forward price one month from today. Pounds to Dollars Appendix A Dollars to Pounds Appendix B From the above graph (with reference to appendix A ) we can see the time series of the pound versus the dollar and vice versa. In January 2010 it was ( £0.6187 = 1US Dollar) but in February 2010 it was ( £0.6645= 1US Dollar), from this we can see the Dollar has appreciated by ({0.6645-0.6187} ÃÆ'Æ’-0.6187) = 0.07%%. And then for the next 4 months the pound rate has been fluctuating since September 2010. Appreciation of Pound The main reason for appreciation of any currency would be higher interest rates and lower inflation. If interest rates high then more investors invest in UK so it makes it more attractive to save money in the UK banks and UK financial securities like bonds. This will lead to increased demand for the sterling. If inflation is lower then it will make UK goods more attractive then US and hence the demand goes up. Depreciation of Pound Pound depreciates because of interest rate may go down and inflation go high making it investors a least return for their investments. . Other market factors also contribute for a currency to appreciate or depreciate as well. If there is demand for a particular currency then the currency will appreciate. Market Reasons for Pound to depreciate in the last six months: Low number of mortgage approvals and mortgage lending and consumer credit rose. Concerns about a tepid economic recovery, high public debt and political uncertainty. Sentiment has also deteriorated in the last week after the Bank of England said it stood ready to return to its asset-buying scheme if economic conditions warranted (Reporting by Naomi Tajitsu; editing by Stephen Nisbet) Foreign Exchange Risk Exposure Foreign exchange risk is the risk that domestic values of assets, liabilities or operating income may increase or decreases due to surprising changes in exchange rates. Foreign currency exposures risk arises when a company has an income or expenditure or an asset or liability in a currency other than that of the balance sheet currency. When the exchange rate movements become completely volatile it may sometimes destabilize the cash flows of the business. Such destabilization of cash flows that which affect the profitability of the business is the risk from foreign currency exposures. Classification of Exposures Transaction exposures Translation exposures Economic exposures Transaction Exposure Transaction exposure  is the gain or loss that might incurred on the settlement of foreign exchange transaction. Transaction included such as the sale / purchase of product or services lending or borrowing of money or any Other transaction involving mergers and acquisitions. Example: The US firm loan of 10M US dollars at a rate of .65 today and the time of repayment of loan when the rate goes down to .59.Then the profitability of the transaction may be completely wiped out due to the adverse movement of the exchange rate.. Such transaction exposures arise whenever business has foreign currency denominated in receipt and payment. Translation Exposure (Accounting Exposures) Translation exposure is defined as an increase or decrease in the parent companys net worth caused by a change in exchange rates since last translation. Translation exposure arises because of the need to translate foreign currency assets or liabilities into the home currency for the purpose of finalizing the accounts for any given period. A typical example of translation exposure is the treatment of foreign currency borrowings. For Example Consider that a UK company has borrowed dollars to finance the import of capital goods worth $1, 00,000. When the import materializes the exchange rate was say .65 per dollar. The fixed asset imported was therefore capitalized in the company books for  £65,000. If there is no change in the exchange rate the company would have provided depreciation on the asset valued at  £65,000 for finalizing its accounts for the year in which the asset was purchased. If at the time of finalization of the accounts the exchange rate has moved to say  £.70 per dollar, the dollar loan has to be translated involving translation loss of  £5,000. The book value of the asset thus becomes  £70,000 and consequently higher depreciation has to be provided thus reducing the net profit.   Economic Exposure Economic exposure expresses the extent to which the value of the firm would be affected by unexpected changes in exchange rates. Economic Exposure to an exchange rate is the risk that a change in the exchange rate affects the companys competitive position in the market. Economic exposure affects the profitability over a longer term span than transaction and even translation exposure. Economic exposure cannot be hedged as well. Ways to overcome Exposure: Hedging via lead and lag:   One way of reducing transaction exposure is leading and lagging foreign currency receipts and payments. To lead means to pay or collect early, where as lag means to pay or collect late. The firm would like to lead soft currency receivables and lag hard currency receivables to avoid the loss from depreciation of the soft currency and benefit from the appreciation of the hard currency. For the same reason, the firm will attempt to lead the hard currency payables and lag soft currency payables. To the extent that the firm can effectively implement the Lead/Lag strategy, the transaction exposure the firm faces can be reduced. Invoicing in the Local Currency The firm can reduce the exchange risk by choosing the currency of invoice. Firm can avoid exchange rate risk by invoicing in domestic currency, there by shifting exchange rate risk on to buyer. Because of this act firm may lose its customers who wants them to be invoice in their local currency. Forwards A forward contract is an agreement between two entities to buy or sell the underlying asset at a future date, at todays pre-agreed price. This is one most direct method of eliminating transaction exposure is to hedge the risk with a forward exchange contract. For example, The loan of 10M by US firm to UK Company can eliminate the foreign exposure by depositing 10M to its bank at 1 yr forward rate. No matter what happens to the exchange rate over the period, the company will not make a loss on the loan to UK Company. Futures: Currency and Interest Rates A futures contract is an arrangement between two parties to buy or sell the underlying asset at a future date at todays future price. Futures contracts differ from forward contracts in the sense that they are standardized and exchange traded. The ultimate goal of an investor in using futures contracts is to  hedge perfectly to avoid their risk. By locking the prices at appropriate rate it removes the uncertainty about the future price. The value (F) of a futures contract is the existing spot price (S) multiplied by one plus the interest rate over period (t), plus the cost of storage which is a function of time and the current spot price. Interest rate futures are the largely traded futures contracts in the world. They are based on relative interest rates and are used to hedge interest rate exposure. The value of an interest rate contract at maturity (V) is the notional principal value of the contract (N) multiplied by the spot interest rate on the maturity date of the contract (Si,t+n) minus the futures rate on interest (i) at time (t) that matures (n) periods later (Fi,t,n). Swaps An interest rate swap is a that transfors fixed payments into variable obligations or vice versa. Foreign exchange swaps allow a firm to quickly restructure its balance sheet, by giving it the opportunity to exchange fixed obligations for interest-sensitive obligations (or vice versa). A  currency swap  is an agreement between two parties to exchange the principal loan amount and interest applicable on it in one currency with the principal and interest payments on an equal loan  in another currency. These contracts are valid for a specific period, which could range up to ten years, and are typically used to exchange fixed-rate interest payments for floating-rate payments  on dates specified by the two parties. Interest Rate Swaps One party pays a fixed rate of interest; the other pays a floating rate of interest. The fixed interest payment remains unchanged throughout the life of the deal. It is paid annually, semi-annually or quarterly in arrears. The floating interest is paid on a three or six monthly basis. Because it is reset using the relevant Libor rate it will vary depending on short term interest rates. It too is paid in arrears. Different Types of Foreign Currency Options: A currency option is same as the stock option except that the underlying asset is foreign exchange. The buyer of option has the right but no obligation to enter into a contract with the seller. Hence the buyer of a currency option has the right to his advantage to enter into the specified contracts. American Option: An American option provides the buyer the right to exercise the option at any time between the date of writing and the maturity date. An option contract which is exercised at any time between the date of purchase and the expiration date European option A European option can be exercised only on the expiration date and not before. Options There are two types of options calls and puts. Call Options give the buyer the right but not the obligation to buy a given quantity of the underlying asset, at a given price on or before a given future date. A  call option will have intrinsic value only when the spot price is above strike price Put Options give the buyer the right, but not the obligation to sell a given quantity of the underlying asset at a given price on or before a given date. A Put option will have intrinsic value only when the spot price is below the strike price. Deep in the money option: An option with an exercise price, or strike price considerably below (for a call option) or above (for a put option) the market price of the underlying asset. Considerably, below/above is considered one strike price below/above the market price of the underlying asset.   When Call Options expires in the Money Option, then the Money call options will be automatically  exercise if there is enough funds to buy the underlying stocks at the strike price you bought the call options. If there is enough money in the trading account to buy (take delivery of) the underlying stock, then it should be sold and take profit before the call options expires. It is arguable the same that some one could exercise the in the money call options, take delivery of the underlying stock and then immediately sell the stocks or can make same profit by simply selling the options and the cost involved will be more in the case of exercise, buying and selling of the stocks. For example , if the current price of the underlying stock of A Ltd was  £50, a call option with a strike price of  £40 would be considered deep in the money. On the exercise of the option the holder can gain a profit of  £10 pounds. Reasons why options with different expiration date are traded at different premiums. Purchase of option can limit the exposure risk. The option writer always accepts the risk which purchaser avoids. The writer therefore needs to be paid in compensation. The cost of an option to a purchaser is known as the option premium. Option price is made up of intrinsic value and time premium. The intrinsic value is calculated on the assumption it expires today. Time premium depends on the difference between todays date and expiry date. The longer the expiry dates the higher the premium. Time value is equal to the total premium less the intrinsic value. Time value also called as the extrinsic value. It reflects the amount of money buyers are willing to pay in expectation that an option will be worth exercising at or before expiration Holding a longer expiration options gives an edge over the option holder who holds the short expiration date. Longer option holder will have longer time span to track the currency movement and can exercise them when it is the most be neficial to him. Choice of call or put option to British exporter. The GBP is depreciating against US$: For example: $1.7 =  £1 or  £0.70 = $1 ( For simple reason assume round figures) Now $1.4=  £1 or  £0.80 = $1 The above said figures suggest that the Pounds is depreciating against the US$ or in other words the US$ is appreciating against the Pound. This indicates that the GBP is getting cheaper against US$. If this situation could be handled properly then it will be beneficial to both importer and exporter. The assumption is that the British exporter sells goods to a US based customer and the US customer pays in the US$; and rarely the British exporter has to convert the US$ receipt in to the GBP. If the GBP depreciates against the US$, it is considered to be a favourable movement for the British exporter as he gets more GBPs. For example, if the customer owes him $10,000 when $1.7= £1. And forward rate is used, at the time when payment will be due, is $1.4 = £1. Therefore the receipt in the GBP is: Previously: $10 ,000/$1.7 =  £5883.23 If the GBP depreciates: $10,000/ $1.4 =  £7142.857 Hence it can be seen from the above figures that depreciation of the GBP is actually beneficial to the British exporter. Instead the risk that the exporter faces is the GBP appreciation against the US$. Lets assume that the forward rate is $1.9 =  £1. In that situation the GBP receipt will be as follows. Previously: $10,000/$1.7 =  £66,667 If the GBP appreciates: $10,000/$1.9 =  £5263.158 Exporter may wish to hedge against risk of the GBP being appreciates against the US$. The currency options are one of the hedging instruments available to the exporter. Provided that the GBP is to appreciates against the US$ and exporter occasionally receives the payment in the US$, he may wish to buy the Put options for the US$. He may buy put option to sell the US$ to option writer at $1.7: £1 or  £0.70:$1. So, in the future if the GBP depreciates and price becomes $1.4: £1 or  £0.80:$1 then he will abandon the option or let the option expire The other possibility is that the exporter may want to use the options for speculation purposes. If it is probable that the GBP is to depreciate against the US$, he may wish to buy the call options of the US$. The call option will give him the right to buy the currency at specified rate, which in our case is  £0.70:$1. Eventually when the GBP will depreciate to  £0.80:$1 he can exercise his option and buy the currency for  £0.70:$1 and sell it for  £0.80:$1. This will earn him handsome profit of  £0.10 per US$. REFERENCES USED ACCA TEXT BOOKS CIMA TEXT BOOKS INTERNET ESPECIALLY WEBSITES LECTURE HANDOUTS POUNDS2DOLLARS WEBSITE INVESTOPEDIA,WICKEDPEDIA CFA FINANCIAL ANALYSIST BOOKS LIBRARY RESEARCH INCLUDES GOING THROUGH VARIOUS BOOKS WRITTEN BY VARIOUS AUTHORS PRESS RELEASES AND JOURNAL RELEASES Bodie, Zvi; Kane, Alex; and Marcus, Alan J. (2002) Investments, 5th edition, publishe d by McGraw-Hill. Bodnar, Gordon M. and Wong, M.H. Franco (2000), Estimating rate exposures: some weighty issues. Working Paper 7497, National Bureau of Economic Research. Choi, Jongmoo Jay, and Prasad, Anita Mehra, (1995) Exchange risk sensitivity and its determinants: A firm and industry analysis of U.S. Multinationals, Financial Management, Vol 24, No 3, p. 77-88. Eiteman, David K., Stonehill, Arthur I., and Moffett, Michael H. (2001) Multinational Business Finance 9th edition, published by Addison-Wesley Longman, Inc. Jorion, Philippe. (1990) The exchange-rate exposure of U.S. multinationals, Journal of Business, Vol. 63 Issue 3, p.331 Levich, Richard M. (2001) International Financial Markets, 2nd edition, published by McGraw-Hill. Miller, Kent D. and Reuer, Jeffery J. (1998) Firm Strategy and Economic Exposure to Foreign Exchange Rate Movements, Journal of International Business Studies, 29, 2, (Third Quarter), 493-514. Pantzalis, Christos, Simkins, Betty J ., and Laux, Paul A. (2001) Operational Hedges and the Foreign Exchange Exposure of U.S. Multinational Corporations, Journal of International Business Studies, 32, 4, p. 793-812. Solnik, Bruno, (2000) International Investments 4th edition Published by Addison-Wesley Copyright Addison Wesley Longman WEBSITES USED WWW.SCRIBD.COM https://en.allexperts.com/q/Management-Consulting-2802/2009/10/International-Financial-Management.htm https://www.wendyjeffus.com/images/Foreign_Exchange_Instruments%2C_Measuring_and_Managing_Foreign_Exchange_Exposure.doc

The Decline Of The Mayan Civilization - 1196 Words

The rise of civilizations significantly increased as the world made its shift from the Paleolithic Era to the Neolithic Era and onward. The Mayan civilization arose as a part of Mesoamerica during the sixteenth century. Occupying the regions of Central America and Mexico, the Mayans had a strong impact on the world with militaristic and influence from the invention of advancements. The earliest record of the Mayan existence dates back to circa 400 B.C. The Mayan Civilization extended over a time period dating back to 400 B.C to approximately 1517 A.D. This domination lasted for approximately 1200 years until their mysterious disappearing. This civilization hit its height throughout the time period of 200 A.D to 900 A.D. Many factors led†¦show more content†¦The Mayan territory charted to populate the areas of Guatemala, Honduras, Belize, Ecuador, El Salvador, and the southern tip of Mexico. Overpopulation began to occur as the growth of the empire extended. Urban areas sur rounding the large trade cities including Tikal and Chichen Itza, often had populations over 2000 people. Rural areas which were agriculturally dependent, were often populated with 200-400 people. The main centers of trade and urban areas were constructed out of limestone. This limestone was easily taken over by growing plants in which overtook the area. Deforestation then occurred to make more level farming area to provide food to the inhabitants. Tikal was home to rainforests and was one of the first cities to experience the downfall. According to NASA, â€Å"They had to burn 20 trees to heat the limestone for making just 1 square meter of the lime plaster they used to build their tremendous temples, reservoirs, and monuments (Coulter, 20). The burning of these trees resulted in detrimental environmental issues in which would soon harm to Mayan civilization due to removing carbon from the air. The Mayan civilization continued to undergo climate changes. Severe drought was brought upon the area following the deforestation. The Mayan civilization was prone to tropical climate in which influenced their making of the calendar. High rainfall was normal to the area and benefitted theShow MoreRelatedThe Decline Of The Mayan Civilization1143 Words   |  5 PagesThe early Mayan civilization had lowly beginnings. They rose to remarkable heights in a seemingly inhospitable land. As Maya scholar Arthur Demarest said â€Å"Such a civilization, had no business there.† The Mayans had to battle with torrential rain in the rainy season, and when the weather turned hot, it scorched the land and their water supplies would plummet. They were always faced with floods or drought. They were probably forced here due to overcrowding from other tribes. But nonetheless they beganRead MoreThe Fall of the Mayan Empire Essay1517 Words   |  7 Pages The fall of the Mayan Empire The collapse of the Mayan Empire is one of history’s greatest mysteries. 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Differences in time period, geographical landscapes, and other circumstances mean no direct correlations are possible, but the outstanding point ofRead MoreMayan Civilization and Culture1077 Words   |  5 Pages The Ancient Mayan civilization contained nearly two-thirds of Mesoamerica. The area included mostly volcanic mountains to porous limestone, also referred to as the lowlands in the more central regions. Mayan civilization extended from Bel ize and Mexico’s Yucatan Peninsula in the north, to Honduras in the south. What made the Mayans stand out to me the most, were their complex societies, which were built and modernized far ahead of its time in a tropical rainforest climate (Aissen, 1992). NormallyRead MoreThe Decline Of The Mayan, Aztec, And Inca Empires837 Words   |  4 PagesThe Decline of the Mayan, Aztec, and Inca Empires From 250 A.D. to the late 1500’s A.D., three civilizations, the Mayans, the Aztecs, and the Incas controlled Central and South America. Their decline happened for many different reasons. The Spanish conquistadors was one of the most common and deadliest, due to their advanced weapons and diseases they brought. It seems that wherever the Spanish went, bad things always happened. Innocent people were killed for no reason, cities were massacred and

Informed Consent Free Essays

Ethics Paper Informed Consent in Industrial/Psychological Research July 31, 2011 Foundations of Industrial/Organizational Psychology Abstract There are certain conditions where reasonable exceptions that APA ethical standards and federal guidelines insure in research that human participation will be ethical due to informed consent. In federal guidelines the preferred mechanism is informed consent in order to protect the human participants (APA, 1992). Informed Consent Informed consent is when an individual gives permission to participate in future events after receiving instruction about the events they may wish to be a part of. We will write a custom essay sample on Informed Consent or any similar topic only for you Order Now Informed consent is put in place to prevent lawsuits. Obtaining consent is similar in all circumstances (Jones, 2011). In order to be considered valid, informed consent must be given voluntarily from a participant that is competent (Cherry, 2011). When is Informed Consent Required? In order to arrive at a better understanding of the subject matter, research is necessary. When conducting research and using human participants, the need to know whether informed consent is necessary is vital. To err on the side of safety, always obtain informed consent in any research situation if you have any doubts as to the necessity (Cherry, 2011). Require and acquire informed consent if: 1). Participants answer questions in their native language. Determine what data is needed, true/false or multiple choice questions, or surveys and whether or not this material can provide needed data. 2). When using a small group of participants, but determine ahead of time how many participants you will need. 3). When using identifying information or questions answered regarding sensitive or controversial language from your participants, also make the decision whether you can allow the participants to remain anonymous (Cherry, 2011). Exceptions to Informed Consent There are very limited conditions where both the APA and federal guidelines allow exceptions to informed consent. The APA is less explicit to the necessary conditions for exceptions, where the federal guidelines are very explicit. Examples are as follows: There has to be minimal risk involved in the research, the welfare of the participants’ rights are not affected by either altering or waiving informed consent, without the waiver, the research cannot be practically carried out, or having participated, upon completion of the research, the participants can be informed. These are the only exceptions the federal guidelines allow to informed consent (45 CFR Part 46, 1991). In I/O Psychology, field studies allow for exceptions to informed consent that sometimes meet these conditions. On occasion, there is data collection that serves both science and practice that is collected from employees. An example would be recording a telephone conversation at the local phone company where customer service employees and customers are monitored for coaching related to employee relations and/or performance. The customer and employee are informed of the conversation being recorded. If the data was going to be used in a study such as persuasion or negotiation, by the researcher, or as a study, both the customer and the employee would have to be informed of the purpose of the research prior to the recording and a consent needed to participate or the need of an acceptable exception to informed consent would apply (Ilgen Bell, 2001). There have been a number of conditions that continue to cause or raise concern regarding the researchers’ ability to rationalize exceptions to informed consent, this being in spite of I/O Psychological research being carried out in ways that protect the research participants’ well-being without the use of informed consent, one being a shift in the oversight of the ethical treatment of research participants. Once upon a time, (IRBs) or Institutional Review Boards were established at organizations and were involved in the conduct and research protocols, for human participant treatment. IRB members were gathered from outside and inside the organization to represent the expectations and values of communities. Board members values of the treatment of human participants in research and also by the ethical standards that were affiliated by the professional associations of the ethical standards (IRB, 1997). Control over what is and what is not reasonable treatment of human participants, today, still exists in IRBs and the ethical standards of scientific associations, such as the APA. An example is authors submitting their work to psychological journals such as Psychological Science, are instructed to inform the public that, â€Å"Investigations on human participants must include a statement indicating that informed consent was obtained†¦Ã¢â‚¬  (Psychological Science, 1999). Informed consent is required; there is no option for exceptions (APA, 1992). Conclusion When obtained from the participant or participants’ legally authorized representative, documented in a consistent manner with the Health and Human Services protection of human participants regulations, and with applicable laws of the jurisdiction in which the research is conducted, informed consent is considered legally effective. In other words, the regulations ensure that an investigator should seek consent only under circumstances that provide the participant or a representative that is legally authorized the sufficient opportunity to consider if they are willing to participate and minimizes the possibility of undue influence or coercion. The information should be presented in a manner that is understandable to the participant or legal representative. Exculpatory language is not to be included whether written or oral with informed consent requirements in the regulations and are not intended to override any applicable local, state, or federal laws that require additional information to be legally effective for consent (45 CFR 46. 116(e), 1991). References American Psychological Association. Committee for the Protection of Human Participants in Research. 1992). Ethical Principles. American Psychologist, 47. Cherry, K. (2011). What is Informed Consent? Retrieved from http://psychology. about. com/od/iindex/g/def_informedcon. htm on July 31, 2011. Federal Register. (1991). Protection of human subjects: Title 45, Code of Federal Regulations, Part 46, Vol. 56 Number 28003. June 18. Federal Register (1997). Protection of human subjects: Suggested revisions to the Institutional Review Board (IRB) expedited review list. Vol. 62. Number 217. 60607, November 10, pp. 1-8 Ilgen, D. R. Bell, B. S. (2001). Conducting Industrial and Organizational Psychological Research: Institutional Review of Research in Work Organizations. Ethics and Behavior, 11, 395-412. Jones, A. (2011). How to obtain consent. Retrieved from www. ehow. com/how_7789509_obtain_informed-consent. html on July 31, 2011. Psychological Sciences. (1999). Information for contributors, 10, inside back cover of each issue. How to cite Informed Consent, Papers

Analysis of The Road Not Taken Essay Example For Students

Analysis of The Road Not Taken Essay Choice: An Analysis of The Road Not Taken Essay The Road Not Taken (1916) tells of someone faced with two of lifes decisions however only one can be chosen. Whichever road is taken will be final and will determine the direction that their life takes. Frost drives this poem by a calm and collective narrative, spoken by the traveler of the diverged roads. Who is speaking with himself trying to convince himself of which road is the better choice. Frost wrote this poem using standard, modern language. In line one Frost introduces the diverging roads, which are his main metaphors. Diverging being the key word in this line because it suggests that the traveler must make a choice. Line two the speaker expresses his grief of not being able to travel both. Yet, the choice is not easy, since long I stood (1.3) before coming to a decision. The next two lines examines the path as best as he can, but his vision is limited because the path bends and is covered over. This indicates that the speaker would like to know more about this road but is prevented by the immediate environment. Six through eight seems to be suggesting that the second path mentioned is a more attractive choice because it appears to have not been traveled recently. However, he seems to contradict himself since he also describes the path as being just as fair as the first rather than better. Although the poet breaks after line ten, the main idea continues into the third stanza, creating a link between these parts of the poem. Here the speaker states that the paths are really about the same.(2. 10). Neither path has recently been traveled, although he is searching fro a clear logical reason to decide one path over the other, he cannot find a suitable reason. Lines 13 15 the speaker makes his decision, he tries to persuade himself that he could take both paths but manages to simultaneously admit that such a hope is unrealistic. The exclamation point after line 13 conveys excitement, but that excitement is severed by his admission in the following lines. way leads on to way, I doubted if I should ever come back(3.14,15). In the final stanza, lines 16-20 the tone of the poem changes completely. This is the only stanza that begins with a new sentence, indicating that it is a stronger break from the previous ideas. The speaker puts himself in a future situation discussing his life. What he states here seems to contradict what he has said earlier. From his future prospective he says that the paths where different and that he did not choose the one most traveled by. Perhaps he will in the future actually believe this and he only wishes that he could choose in the present the one less traveled by. (5.20) The Road Not Taken was structured by Frost to form four quintains. The majority of the lines contain nine syllables. This structure is maintained through out the poem. The stanzas are arranged like that of a thought. One continues to undermine the other, much like decision making. Our first thoughts are always second-guessed by our second and so forth until we make our final decision, which cancels out all that was thought before. This is what Frost manages to do in the arrangement of his stanzas. Imagery is the primary concept of this work. The two roads are each described in such a way that the reader can easy picture the dilemma faced by the traveler. Image is so precise that we can picture the first road bending to the right while the other bends in the opposite direction. The image of one being grassy and wanting wear(2. .u98c971484a053a8582efeac7c21598aa , .u98c971484a053a8582efeac7c21598aa .postImageUrl , .u98c971484a053a8582efeac7c21598aa .centered-text-area { min-height: 80px; position: relative; } .u98c971484a053a8582efeac7c21598aa , .u98c971484a053a8582efeac7c21598aa:hover , .u98c971484a053a8582efeac7c21598aa:visited , .u98c971484a053a8582efeac7c21598aa:active { border:0!important; } .u98c971484a053a8582efeac7c21598aa .clearfix:after { content: ""; display: table; clear: both; } .u98c971484a053a8582efeac7c21598aa { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u98c971484a053a8582efeac7c21598aa:active , .u98c971484a053a8582efeac7c21598aa:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u98c971484a053a8582efeac7c21598aa .centered-text-area { width: 100%; position: relative ; } .u98c971484a053a8582efeac7c21598aa .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u98c971484a053a8582efeac7c21598aa .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u98c971484a053a8582efeac7c21598aa .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u98c971484a053a8582efeac7c21598aa:hover .ctaButton { background-color: #34495E!important; } .u98c971484a053a8582efeac7c21598aa .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u98c971484a053a8582efeac7c21598aa .u98c971484a053a8582efeac7c21598aa-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u98c971484a053a8582efeac7c21598aa:after { content: ""; display: block; clear: both; } READ: Musee Des Beaux Arts Persuasive Essay8) seems to maintain in the readers mind even after it is mentioned that they appear just the same. Imagery is the means used by Frost to convey the poems message. The Road Not Taken, follows an a,b,a,a,b rhyme patter which is consistent through out the poem. Its nine syllables make up an iambic tetrameter, which is not consistent but is the overbearing meter at work. In line 22 repetition is used which stresses the word ages. This is to suggest .

My analysis of art for hearts sake free essay sample

The author of the text â€Å"Art for Heart’s Sake†-Ruben Lucius Goldberg-was an engineer, inventor, cartoonist and sculpture. His cartoons were very popular and highly appreciated by the public. His best comics were exhibited at the Purdue University, and he was even awarded a Pulitzer Prize in 1948 for his political cartooning. Furthermore, an award of the National Cartoon Society was named in his honour. The text presents narration intercepted with dialogue in order to render some diversity and to make the story seem taken from the everyday life. The story is told from the point of view of the author. From the point of view of presentation the text is a 3rd person narration with dialogues of the characters . As far as the general style is concerned, the author used a great amount of colloquial words, like:nope, bosh, jerkwater, rot, poppycock, kinda, gobetc. All these terms were to emphasize the analogy between the old man and a rebellious teenager. We will write a custom essay sample on My analysis of art for hearts sake or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The reader can identify the author’s professional approach towards the subject,manifested using terms related to painting:crayons,water-colors, tubes of oils, canvas, . The terms were carefully selected in order to avoid difficulties in understanding the text. The characterization of heroes is indirect. Koppel, doctor Caswell, Swain and Ellsworth were described mostly through their behaviour, speech and dialogues. The controlling idea of the story conveyed by Goldberg sounds like this – you can buy the gallery, but you cannot buy the art itself. Value of art will vanish if everyone shows their god-awful smudges as an eternal work of art. The prevailing mood of the text is humorous. The author underlines the old man behaves like a child (he replied Nope on the male nurse suggestion many times. He colored the open spaces blue like a child playing with a picture book. He proudly displayed the variegated smears of paint on his heavy silk dressing gown. He requested someone to read his envelope because his eyes were tired from painting. It was done specially to archive strong effect). At the end the author used the effect of defeated expectancy. When the old man confessed that he just bought that gallery. We can logically divide the text into the following parts : 1. The Old Ellsworth’s depression In introduction the action centers around Collis P. Ellsworth, an old gentleman whose obsessional idea is buying unnecessary things. In the chain of events we see that his doctor Caswell suggests him taking up art. 2. The art lessons Doctor Caswell arranged for an art student to come once a week and teach Mr. Ellsworth to paint. The patient’s works were bad from the very beginning, But Ellsworth started to display â€Å"an insatiable curiosity† about the galleries, painters and exhibitions. The old man wants to exhibit his horrible picture  «Trees Dressed in White† in a famous gallery. 3. The winner Ellsworth was awarded with the First Prize for his painting. then he confesses that he had bought the gallery We can distinguish the compositional patterns of the text: 1. The beginning of the plot doctor’s suggestion to take up art. 2. The rising action – Ellsworth’s interest to art, his painting â€Å"Trees dressed in White† 3. The climax – the exhibition in Lathrop Gallery and the award for the first place 4. The falling action – Ellsworth’s confession The first character who was introduced to the reader was the male nurse Koppel. He was the helper of doctor Caswell to treat the old man. The author described how hard it was. He used gradation to reveal the male nurse’s despair (He won’t take his pineapple juice. He doesn’t want me to read to him. He hates the radio. He doesn’t like anything! ). Koppel couldn’t do a thing with the old man. Despite he tried to prevent him from exhibiting the Trees Dressed in White as the old man could become a laughing-stock. To the contrary to anxious and uneasy Koppel calm and gentle Doctor Caswell introduced in front of us. He is a professional and thinks a lot about his patients (He had done some constructive thinking since his last visit. Making proposition to the old man he took his stethoscope ready in case the abruptness of the suggestion proved too mush for the patient’s heart. In spite of rude and vigorous Ellsworth’s answers like Rot and Bosh Caswell managed to persuade him to take up art with his professional calm). He understood Ellsworth was no ordinary case. Further unintentionally the old man’s diagnosis was described. The author used zeugma for the irony (All his purchases of recent years had to be liquidated at a great sacrifice both to his health and his pocketbook). The doctor preferred not to interfere when Ellsworth decided to exhibit his painting at the gallery. Doctor Caswell was the only man who managed with a supreme effort to congratulate the old man on the First Prize while Swain and Koppel â€Å"uttered a series of inarticulate gurgles†. One mistake the doctor made is he thought it safe to allow Ellsworth to visit museums and galleries. The next personage is Frank Swain. He is 18 years old and a promising student. He has some simile with the doctor. Swain was also patient. The author used such simile (there was a drawing on the table which had a slight resemblance to the vase) to underline the Swain’s reaction (Not bad, sir. It’s a bit lopsided). Swain is professional too. As his visits grew more frequent he brought a box of water-colors and some tubes of oils. He was no indifferent to the Ellsworth and worried about the picture Trees Dressed in White. He was â€Å"forced to sneak† into the Gallery and see the picture his own eyes. At least the most inconsistent personage is Ellsworth. As it was mentioned before he behaved like a child. The author used many slang words (rot, bosh, by gum, poppycock) to display that the old man’s attitude to the Koppel, Swain and Doctor, to emphasize such trait of the character as foolishness, confidence, independence. Originally the old man was not sure to take up art. He looked appraisingly at Swain and drew the scrawls expecting the Swain’s critic (the wrinkles deepened at the corners of the old man’s eyes as he asked elfishly what he thought of it). In some time he asked Swain to come three times a week. It tells about his progress in painting. The author used personification (I want to ask you something before old pineapple juice comes back). It reveals the old man’s attitude to the male nurse. Ellsworth displayed his insatiable curiosity about the galleries but in fact being a person who couldn’t help from buying anything he formed an artful plan in his brain. Ellsworth executed the painting. The author used epithets (a god-awful smudge; a loud, raucous splash on the wall) and simile (which resembled a gob of salad dressing thrown violently up against the side of a house) The author used inversion (upon this distinguished group Ellsworth was going to foist his painting) to emphasize the importance of this exhibition, its scale and prestigious. Ellsworth organized everything before. This fact that Koppel, Swain and the doctor were in the room when the envelope was brought was not a chance. He anticipated this result (He was unusually cheerful during the exhibition). He proved them that art is nothing and everything can be bought for money. All treatment and the good work, that the doctor has accomplished, were spoilt. Ellsworth managed to wind everybody round his finger. Speaking about the meaning of the title, art’s aim is to eradicate human shortcomings, but in this particular case its effect was quite contradictory. At the end of the story the protagonist says that art is nothing, that he bought the Lathrop Gallery, what surely doesn’t coincide with the reader’s expectations. The problems raised in the story Art for Heart’s Sake are urgent nowadays – money can buy everything, art is eternal, but everybody values it from one’s own point of view, at the same time not everyone is allowed to realize what real art is.

Free Essays on Raves

What is a rave? A rave usually refers to an all night party, open to the general public, where loud â€Å"techno† music is mostly played and many people can partake in a number of different chemicals (Official). Raves are fairly decent and you don’t hear much about them on the streets. Yet some people who go to the raves try to sell their drugs to ravers and that’s what makes the word rave so bad. Because of those people Mayor Daley has planned crack down on jailing building owners and managers who let their properties be used for raves where drugs are peddled. They approved of this Thursday, April 19, 2001. The range for jail term runs from two weeks to six months (Rave). But why are raves getting the reputation they are? Raves are getting bad reputations because of the drug peddlers that go to the raves to sell their ecstasy and stamina enhancing drugs. According to a website called Dancesafe.com ecstasy is a safe drug if you stay away from the listed kinds of ecstasy. The parents of the kids going to these raves are not saying a word about the drug situation there. They still let their kids go because they know it is safer than being out on the street or at some drinking party getting drunk and then having the risk of them driving home. If you ask me raves aren’t so bad, I’ve been to several of them and out of all of the ones I have gone I have only seen two peddlers selling X. They were all-night raves and tons of people and everyone was all wired and dancing and moving around like mad. â€Å"It’s a love circle, It’s like a 1960’s scene – all the races together, dancing, having a communal experience.† says Laze (Gracia). At raves there are dif ferent rooms. One room is the main room where the dancing goes on and all the music is spun and where most of the people are. Some of the music that is played there is House, Techno (most common), breakbeat, Trance, Tribal, and Progressive. The visual effects an... Free Essays on Raves Free Essays on Raves What is a rave? A rave usually refers to an all night party, open to the general public, where loud â€Å"techno† music is mostly played and many people can partake in a number of different chemicals (Official). Raves are fairly decent and you don’t hear much about them on the streets. Yet some people who go to the raves try to sell their drugs to ravers and that’s what makes the word rave so bad. Because of those people Mayor Daley has planned crack down on jailing building owners and managers who let their properties be used for raves where drugs are peddled. They approved of this Thursday, April 19, 2001. The range for jail term runs from two weeks to six months (Rave). But why are raves getting the reputation they are? Raves are getting bad reputations because of the drug peddlers that go to the raves to sell their ecstasy and stamina enhancing drugs. According to a website called Dancesafe.com ecstasy is a safe drug if you stay away from the listed kinds of ecstasy. The parents of the kids going to these raves are not saying a word about the drug situation there. They still let their kids go because they know it is safer than being out on the street or at some drinking party getting drunk and then having the risk of them driving home. If you ask me raves aren’t so bad, I’ve been to several of them and out of all of the ones I have gone I have only seen two peddlers selling X. They were all-night raves and tons of people and everyone was all wired and dancing and moving around like mad. â€Å"It’s a love circle, It’s like a 1960’s scene – all the races together, dancing, having a communal experience.† says Laze (Gracia). At raves there are dif ferent rooms. One room is the main room where the dancing goes on and all the music is spun and where most of the people are. Some of the music that is played there is House, Techno (most common), breakbeat, Trance, Tribal, and Progressive. The visual effects an...

Ethics in Organization, Reflection assignment based on short article Essay

Ethics in Organization, Reflection assignment based on short article - Essay Example The value of integrity helps me to discover that I have a self-accountability for the things I do and it stimulates my thinking in being a good person to everyone. It reminds me that I should be responsible for all the things that I do and the value of openness helps me to share what I do and I believe so that I may be responsible in my life. Through it, I am able to make clear all the things that I do in my life and what others can see. According to Palmer (2004), there is a clear difference between wholeness or undivided life and perfection. While perfection means strict adherence to the set out rules without failure, wholeness means that there could be failure in a person but embracing them and using them to learn what a person can do in future is what should be the most important. According to Palmer (2004), perfection implies elimination of all mistakes but wholeness implies their presence but with a way of learning from them. Perfection may not be a reasonable goal and people should aspire to attain wholeness, which would imply having a clear conscious in doing all things. In my life, I have some things that make it difficult to live a â€Å"whole† life. These factors include the corporate culture; economic factors that emphasize on making maximum profit in any venture and weaknesses in the legal system that have little to offer for the people who commit crimes. Some others factors in my life make me not to bring my inner truth to the outer world and these may include the fear of opposition and challenge, the penalties for falling short of the requirement and I am protective of the status people that people have given me in society. One factor in my life with which I need deal is fear of opposition and challenge in leading a life of integrity and wholeness. I can deal with it through accepting that I am not perfect and that I can make mistakes. The other thing I can do is to be mindful of what I do as a person even when I am alone. I

Hearing impairment Essay Example | Topics and Well Written Essays - 3000 words

Hearing impairment - Essay Example There are various reasons that cause deterioration in the level of education among indigenous Australians. Implementation of effective methods can raise the level of education among such people. It is also essential to identify the cause of hearing impairment and appropriate preventive measures should be adopted to manage the prevalence of this disorder. There are several policies and strategies implemented by the government to increase the level of education among the indigenous Australians with hearing impairment. In the past 30 years a lot of efforts have been made to increase the level of education among the indigenous Australians with hearing loss. There are various policies and strategies implemented by the government and the non government organization to curb this issue of education among such people. In spite of it, there still needs to be considerable progress made in the level of education among the indigenous population of Australia. The difference in the level of education among the two sections of the community in Australia affects its literacy rate. A study has revealed that 20 percent of the indigenous students meet the reading standards while 30 percent of them meet the righting standards. About 70 percent of the non-indigenous students meet both the righting and reading standards [Cronin, 2001]. One of the major causes of this difference is hearing impairment among the indigenous population of Australia. About 11 to 60 percent of the indigenous students suffer from hearing loss [Prevention of hearing impairment from chronic Otis media, n. d]. Australia's dominant culture, cultural misunderstanding and prejudices, family background and socio-economic status also attribute to lower level of education among such people. [Cronin, 2001]. The education process existing due to the racial discrimination between the indigenous and the non-indigenous population of Australia also has its implications on education of the indigenous population. Due to this racial difference sometimes, the teachers do not respond well to the needs of indigenous students. However, the major cause of concern is the hearing impairment that persists in this section. Hearing impairment is most prevalent among the indigenous population present in the central and northern Australia. This is mainly caused due to chronic Otis media. The risk factors that lead to this disease are overcrowding and exposure to wood, cigarette smoking, poor hygiene, inadequate housing, and high rate of naso pharyngeal colonization with pathogenic bacteria, Eustachian tube dysfunction, inadequate and unavailable health care [Prevention of hearing impairment from chronic Otis media, n. d]. Poor hygiene is also a main cause for several types of ear diseases which in turn leads to hearing impairment. It generally occurs during childhood, which is the most crucial stage in a person's development. A large percentage of the Australian children suffer from ear infection, which subsequently leads to hearing loss. Most of the infants have perforated eardrums. Hearing impairment affects the overall developmental activity of a child. The nerve between the inner ear and the temporal cortex of the brain is essential for the growth and development of speech and language in children. The language and numerical ability of such children retards due to

The principles and misconceptions in effective interpersonal Essay

The principles and misconceptions in effective interpersonal communications - Essay Example The principles and misconceptions in effective interpersonal communications The principles and misconceptions in effective interpersonal communications There are several principles that underlie effective interpersonal communication. These principles should be adhered to in order to enhance the success of any interpersonal communication endeavor. The principles of effective interpersonal communication have emanated from mediation, focusing on the quality and nature of interpersonal communication and relationships. One of the key principles of interpersonal communication demands that people should treat one another with a lot of respect. A couple should enjoy being together and present for one another during times of difficulty. Another principle of effective interpersonal communication is that people should not interrupt one another. This principle is essential as it helps a person to be listened to when he or she talks with another person. By not interrupting others, conversations will become useful, joyful, interesting, and worthwhile (Mayer, 2007). In int erpersonal communication, there is a vital principle, which demands that people should not volunteer others. This denotes that there should be the recognition of valuing the right of the other person to make their own choice. As such, there is no need to use one’s language in a manner suggesting we are choosing for the other party. The other principle of effective interpersonal communication is that everyone has the right to pass. This means that a person can make the choice not to do something, especially when he or she does not have the feeling to do it. With this principle in mind, everyone should take responsibility for their own actions and choices. Interpersonal communication also calls for the principle of speaking, but the speaking should not be for long or happen too often. Based on this principle, it can be deduced that talking for too long affects the reliance on communication as a way of connecting with others. Therefore, it is of considerable significance that we allow others to talk about ourselves. Interpersonal communication also holds the principle that we should challenge the behavior of the other person, as opposed to challenging the person. Therefore, complicated situations should be de-personalized from a personal battle to an opportunity for creativity and learning (Mayer, 2007). The other principle of effective interpersonal communication is that confidentiality should be respected. Therefore, one should develop a feeling of safety, trust, and intimacy by valuing what the other person regards as crucial to themselves. Effective interpersonal communication also has the principle that there may be nothing wrong in making mistakes. Thus, people in a relationship should acknowledge that either or both of them may make mistakes. Mistakes can be regarded as leaning opportunities, avenues for insight and connection instead of opportunities where people should blame each other (Mayer, 2007). Effective interpersonal is not without several misconceptions. One of the misconceptions in effective interpersonal communication encompasses the belief that it solves all problems. Although people may learn to communicate about a problem clearly through interpersonal communication, it may be easy to come with a solution to the problem. The other misconception about interpersonal communication entails the belief that it is always a desired thing. However, may communicate in ways that tend to be deceitful, racist, manipulative, and

Social Media Advertising Becoming Central To Marketing Media Essay

Social Media Advertising Becoming Central To Marketing Media Essay Social media today is simply online media that facilitates social interaction. There are numerous websites, channels and resources that allow advertisements to be distributed reaching millions of people worldwide. Sites such as Facebook, Twitter, MySpace, YouTube and Bebo all contain users that have identities or profiles that display demographic and social information about themselves. These users can create connections with one another by following one another or by becoming friends. This social media interaction and communication with one another has provided advertisers with a new opportunity to infiltrate and display their messages to a vast online audience. For example, Facebook has over 400 million members (Facebook 2010) and 50% of active users log on to Facebook in any given day. It also boasts over 80 million unique users each month and people spend over 500 billion minutes per month on Facebook. The reality is that social media delivers the Holy Grail for advertisers on th e Internet: a mass-concentrated audience reaches similar levels to television.  However, successful advertising to this environment is not necessarily straight forward and without problems. There are several concerns regarding some advertisements that invade privacy and publish users identities making the adverts intrusive on peoples online social lives. Furthermore there are cultural concerns related to social media advertising and these will be explored in greater detail later in this essay. Nevertheless, social media advertising is considered to be central to marketing, as the Internet has become a powerful platform for advertisers to reach mass audiences. Social media has become an integral part of modern society. Astonishingly, there are some social network sites with user bases larger than the populations of most world countries. It was therefore only a matter of time before advertisers began to permeate the online social media environment. These adverts could be based specifically on user demographics and interests and this focused selling point appealed to many advertisers. Social networking sites have developed over the past decade and are frequently changing to accommodate new advertising campaigns. However this social medium is still a relatively new environment for advertisers. Dating sites are often considered to be the first social networks, as they seemed to appear around the same time people first started going online. These sites allowed users to create profiles and to contact other users, often sharing photographs. Social media has come a long way since those days and social media advertising has developed into a platfor m that is becoming central to modern marketing campaigns. Nowadays there are social and user-generated sites for numerous different activities and purposes. Social shopping sites, social financial planning sites, sites for people to share their goals and ambitions aswell as sites to meet like minded people. Over the past decade, social media has developed and become an enormous influence on the lives of millions of people worldwide. Whether people need something as simple as a film review or seek answers to personal problems or major life decision, there are social sites out there to provide people with the information they require. Accompanying these sites, in dedicated web space (often within a page), advertisers have ideal opportunities to target new products based on specific user searches or necessities. Social media advertisements continue to evolve on a daily basis. With advertising on major social networks and social media sites making changes and improvements on an almost d aily basis, its sure to keep evolving over the coming years. Advertising is concerned to urge consumers to buy the commodities (or services) that will satisfy existing wants more adequately or that will satisfy new ones (Harris, Seldon 1962) As advertisers seek to promote their products based on popular culture and emotive desires, social media sites provide a perfect vehicle to access a wider range of consumer. Social media advertising is becoming more important to marketing campaigns as the levels of people reached online can often surpass peak television advertising viewership figures (Ord 2008). One way to advertise products on social media sites is to create dedicated pages or profiles where customers and potential customers can become friends or fans of the actual business or brand. These profile pages are like miniature Web pages within social medial sites and can include information about businesses such as locations, official websites, lists of services and how to contact the business directly. Furthermore businesses often include dynamic content, for instance, comments left by customers or fans, an RSS feed, an up-to-date blog and even special offers or sale details. Other adverts include Pay-per-click (PPC) ad s where advertisers pay their host only when their ad is clicked. However advertising on social media is not only about clicks or click rate, its about reaching a huge worldwide audience. Social media advertising is becoming so central to advertisers nowadays as this is a great way to reach mass audiences and in terms of audience size, there are several Super Bowls every day on Facebook, MySpace and YouTube. Click rates offer an indication to page views and social media sites have a large overlapping audience that hang around them all day, every day. Television would have a low click rate too if an ad campaign were measured over the course of a months worth of programs on the same network, assuming you could click the screen(Ord 2008). People also flick between social media adverts much like tuning in and out of TV adverts. Twitter grew more than 1500% in mid-2009 and Facebook has almost caught up with Google in web traffic (Sav 2010). In April 2010, the company Nielsen (audience measurement firm that tracks TV, internet, and radio usage worldwide) published results of a 6-month research campaign into usage patterns of users on Facebook. Nielsen found that Engagement ads (see figure 1.1) on average generated a 10% increase in ad recall, a 4% increase in brand awareness and a 2% increase in purchase intent among users who saw them compared with a control group with similar demographics or characteristics who didnt (Wauters 2010). Figure 1.1 Different Facebook adverts with varying levels of success (c/o Nielsen) According to Nielsen, the increase in recall rose to 16% when adverts displayed friends who were fans (Adverts with social context figure 1.1), and this jumped to 30% when these ads appeared in other friends newsfeeds (Organic advert impression figure 1.1). This is an example of how advertisements are being modified and adapted to generate maximum interest from the target audience. In spite of this, there also remains the belief that users will subconsciously continue to ignore attempts to intrude into private social media environments. Many critics maintain that advertising exists primarily to create demand among consumers. People have certain types of wants and needs, and they are perfectly capable of discovering for themselves what they are (Leiss, Botterill, Jhally, Kline, 2005) The consumer now appears to have the power of communication and the traditional business to consumer marketing model is replaced with consumer-to-consumer conversations over social media sites. The problem for advertisers nowadays is how to insert their own brands into those conversations. The Internet has become a powerful platform for advertisers to reach mass audiences via user-generated video too. According to data collected by comScore, online video views from U.K. users grew 37% in 12 months. The measurement firm estimates users streamed a total of 5.5 billion videos in February 2010, up from an estimated 4 billion in February 2009. This is another reason why social media advertisement is considered so important in modern marketing. Advertisers envisage short commercials with each video streamed, thus creating a platform for the Internet to compete with broadcast TV in delivering commercial views. Additionally on the advertising sub-page for YouTube, companies are provided useful tips and pointers to create a successful advertising campaign on the massive ad-sharing network. According to a Google spokesperson, there is tremendous scope for capturing the attention of an audience that surpasses Americas Super Bowl, the most watched TV event in that country each yea r. As Google owns YouTube it can feature in-video advertisements that appear at the bottom of certain videos (often popular videos with over 5000 hits). These adverts are not only content-specific but also location-specific aswell. This has great financial ramifications as online video advertising has risen 9% to $7.9 billion over a 12-month period (Skepys 2010). Furthermore search-based advertising through Google reached $11.4 billion, an annual rise of just under 6%. With well over 13 billion YouTube views in March 2010 alone (Skepys 2010), advertisers could well be reaping the rewards of these in-video promotions as a result of augmented online video views. This is another example of how social media advertising has become so important to marketing schemes today as the potential financial rewards are substantial. However the future success of social media advertisements is threatened by potential social and cultural problems that need to be properly addressed. A general concern with advertising on social networking sites is that people that use these sites are only interested in interaction with the people who they care about and their attention lies in communication with friends and family. People rarely pay attention to advertisements, as they are not relevant to what people are doing at that specific time. This is where Google ad-words are most successful, as people searching for products are inundated with places to buy that product as a result of optimised advertisement placement on Google. In contrast Facebooks average click through rate on their social advertisements is just 0.08% (Agishtein 2010), this means that for every 10,000 times an advert is shown, it will only be clicked 8 times. It can be assumed that social network users are ignoring these advertisements on mass. These social advertisements are publicised by demographics and target the specific user based on interests and information provided in their own profile. Despite this focused advertising, the products or services promoted are ultimately not related to the social activities people participate in during online social-networking sessions. Other social advertisements create additional ad messages based on purchases or interests that are viewable to the public and friends (see Organic ad impressions figure 1.1). However many people are uncomfortable with this as it violates users privacy and control which is critical for social network users to feel safe online. Consequently, advertising must be injected into online conversations. For advertisements to be successful, the users ideally should want to talk about and share advertising messages with their social network friends. If advertisers hijack those conversations by not respecting the users desire for privacy and control, the adverts will backfire. This is ultimately bad for the advertiser, the social network and the user. The question remains, how do advertisers insert their messages into the conversation between friends on social network sites and social environments? According to Seth Goldstein, co-founder and CEO of Social Media Networks (an ad consultancy firm focused on monetizing the social web), Social media is killing Internet advertisingà ¢Ã¢â€š ¬Ã‚ ¦the problem is, a few years ago, people started to become more interested in each other and less interested in the ads. This view is supported by the relatively low click through rates on social networking sites like Facebook and e xplains usage patterns whereby users visit social network sites to primarily interact with friends and rarely pay attention to advertisements. There is a danger that social advertisements will follow similar patterns to Internet banner ads that show an even lower click through rate on social media sites of 0.04%(Corbin 2008). Banner ads fail because social network users are accustomed to seeing them, and ignoring them has become a reflex. Advertisers have therefore aimed to try new innovations and marketing schemes to try and generate greater interest in this enormous window for consumers. One such scheme is the integration of advertising within social network applications. Applications are becoming central to the social networking experience. The success of these can be measured directly in the number of downloads and monitored by how they are shared between friends and family. A recent example of advertisement integrated into an application was the BMW application intended for Facebook. The intention of this application was to promote BMWs new line the 1 Series and provide the user with an interactive, virtual joyride to various worldwide destinations. Furthermore, users could personalise their cars by changing colours and adding modifications. BMW aimed to create an online community with this application, centralised around the brand. This allowed Facebook members to interact with the product on an entirely opt-in basis (Corbin 2008). However, this opt-in element has become increasingly critical and has led to cultural problems relating to social media advertising. On November 6th 2009, Facebook launched a service called Beacon. This was an advertisement system that sent data from external websites to Facebook, and permitted targeted advertisements with greater accuracy whilst allowing users to share activities with friends and publish these activities on other friends newsfeeds. However, this system provoked major uproar when users started complaining that Beacon was violating their privacy. Since that incident, the ethical and cultural concerns have been heightened with concerns over profile-based ad targeting. CEO of Social Media Networks, Seth Goldstein states Beacon was a setback, not just for Facebook, but for the whole industry. Engagement with modern social advertising remains difficult to measure but the downloadable application installations are easily tallied up and also whether it has been passed along to friends or not. Additionally these profile-based adverts frequently portray media stereotypes. These stereotypes can be problemat ic and instigate cultural tensions. Often they reduce a wide range of differences in people to simplistic categorizations and transform assumptions about particular groups of people into realities. Ultimately this could perpetuate social prejudice and inequality. More often than not, the groups being stereotyped have little to say about how they are represented. Furthermore many people would deny that they are being influenced by advertisements and regard them at worst as lies, at best idiot triviality. People are considered to be sceptical of advertising however, they might find it more difficult to resist the more general social image or message presented with advertising campaigns located in social media channels. (Dyer 1982) Specific media stereotypes provide problems for advertisers using social media environments, however it is not just stereotypes where potential issues lie with advertising through this medium. There is a raised level of concern for parents as marketers look to interact with children through the aforementioned social networking sites, online-video sites and gaming sites. Advertising on Television is meticulously regulated with advertising standards, yet the Internet is so far avoiding such regulations making it easier to target children with brand positioning adverts (Finklehorn 2009). Furthermore there are anxieties that children and under-age audiences are engaging with advertising on social networks for alcohol brands. It is evident that new guidelines and regulations are required to protect children aswell as the publics privacy. New guidelines for advertising on social networking sites like Facebook and Twitter are being proposed in the UK. Under these new proposals the Advertising Standards Agency (ASA) would control digital marketing to ensure that it is responsible, legal, honest and truthful (Bryant 2010). These new regulations are scheduled for implementation later in 2010 and a clear mandate of these new guidelines state that first and foremost consumers and children will be protected. Location will also become more important to social media and the future of social media advertising. According to Debra Willamson, eMarketer senior analyst, brand monitoring will increase sophistication so that companies can begin to understand the why of consumer chatter aswell as the who, what and when. It can also be expected that companies will strive to provide additional services in social channels that essentially aim to gather greater understanding of the market and grab the attention of mass media audiences. Social media interaction and communication with one another has provided advertisers with a new opportunity to infiltrate and display their messages to a vast online audience. There is some evidence to suggest that advertising plays a part in defining reality in a general or anthropological sense. It projects the goals and values that are consistent with and conductive to the consumer economy and socialises us into thinking that we can buy a way of life as well as goods. (Dyer 1982) The goals and desires that Dyer refers to here are achievable by purchasing the intended products and services advertised to users of social media sites. However some adverts use media stereotyping to target users and the relatively low click through rate of adverts on social networking sites suggests that these types of intrusive adverts are largely being ignored. This coupled with other privacy issues could potentially leave social media advertisements following in the same fateful path as Internet banner ads. However the enormous scope for mass audiences that could result in substantial financial reward is too great for advertisers to ignore. They consider social media advertising central to marketing as nowadays this is a great way to reach mass audiences and in terms of audience size as there are several Super Bowls every day on Facebook, MySpace and YouTube. With online-video streaming up 37% in the last year and an estimated 5 billion videos being streamed per month, there are multiple opportunities for products to be advertised based on video content and even location. With advertising regulations due to be published later this year, greater control can be seized over online social media advertisements. These guidelines will prevent children viewing inappropriate material and also protect peoples privacy being exploited by intrusive web systems monitoring page history and detailed consumer interests. There are still tremendous opportunities for social media advertising in the future, so long as advertisers adhere to these new guidelines and continue to persevere with new marketing schemes. The development of new initiatives, such as advertising in applications on social network sites in addition to the continued pursuit of subtle advertisements in consumer-to-consumer conversations, will see products reach a wider range of consumer and consequently result in substantial financial profits for advertisers on social media sites.

Essay --

THE JULIA GABRIEL ONLINE MEDIA BRAND VOICE Our brand voice captures our unique personality and shares it with the world. It distinguishes us from the others and informs them of everything we do, everything we write and everything we say. It’s how our audiences hear us and how they remember us, and it’s how we share our bold vision for the future. Good communication is more than what we say; it’s how we say it. While having an online social media presence is exciting, we need to remember that whichever platform we engage our audiences on, it becomes a brand media â€Å"storefront† that is open 24 hours a day, 7 days a week. This constant connectivity makes it more important than ever for us maintain brand standards on social networks, as well as all forms of digital marketing. We need to remember that while interacting in social networks can provide efficient channels to communicate the uniqueness, value and personality of our brand to a very specific audience, there are expectations and responsibilities that Julia Gabriel Centres need to be aware of, to ensure that our brand is protected. The same considerations that apply to our messaging and communications in conventional media still apply in the online social media space. This means engaging our target audience with a consistent brand experience and messaging, that is not only in the right context, but also communicated with the intended voice, look and feel that is consistent with our brand identity. Have fun, but be smart. Use sound judgment and common sense, adhere to the Company’s values, and the same Company policies that you follow in the offline world. BASIC SOCIAL MEDIA GUIDELINES (FACEBOOK ORIENTED) Responsible Engagement While JGE is still exploring social ... ...nd when necessary to maintain conversations. ï‚ § Brainstorm ideas across Centres to decide on appropriate engagement approaches that can be taken out across all the markets ï‚ § Hold regular meetings internally to discuss bi-monthly content plans where new ideas on contests, and activities can be shared and discussed ï‚ § Have an online content approval process in place, particularly for major campaigns such as competitions and promotions to align activities with the brand values and positioning ï‚ § Consider agreeing on a planned content ratio of 60% centralised and 40% localised content for a balance of consistency and spontaneity. Countless conversations take place online every day, and we want our Centres, who are our brand ambassadors, to join those conversations, represent our brand well, and share the optimistic and positive spirit of the JGE group of companies.

Region IX – Zamboanga Peninsula

Recently we were told by our teacher to pay a visit at our campus on the occasion of a science fair giving each one of us one ticket. Accordingly, I went there and enjoyed a lot. What I saw was a fantastic arrangement of exhibits done by the students. I saw miniatures mostly about agriculture. One of the unique creations was a miniature of Terrace Farming, it is a piece of sloped plane that has been cut into a series of successively receding flat surfaces or platforms, which resemble steps, for the purposes of more effective farming.As we all know, one of the popular terraces is he Banana Rice Terraces (Haggard-Haggard Palatal). Some of the miniature was describing about Contour Plowing it is plowing across a slope following its elevation contour lines. This is the kind of agricultural solution used by most farmers as a tool for weed control, prevent soil erosion, and in some cases to promote plant growth. There was also a miniature about Interloping meaning growing two different veg etables in an area at the same time to save space. On the other miniature it was about how to farm organically.According to a book that I have read, eating organic odds may in fact, reduce the risk of heart attacks, strokes and cancer for individuals who abstain from consuming products produced by conventional farming methods. I also saw a miniature about animal farming. Mostly the main products of this Industry are meat, milk and eggs for human consumption. Here's to other miniature about urban Vile which pictures out the setting of an urban place or what we call a city where you can see tall buildings and establishments and a large crowd of people.In the contrary there was a miniature with details of a Rural place where It Is located outside the city with a low population density and small settlements. And lastly, one object drew my attention. It was about family farming. Like In my hometown we have a small farm at the back of our house, and planting Is one of our ways of bonding during weekends. One of the Important features of family farms Is the Intimate connection between families and farms which creates vital links between a farm and the food being grown. I miss home. I spent full 30 minutes rooming around the science fair enjoying such wonderful creations.

Best Scholarship Essay Topics for You Part 1

Best Scholarship Essay Topics for You Part 1 25 Most Promising Scholarship Essay Topics Part 1 The Most Promising Scholarship Essay Topics All undergraduate students know the difficulty of earning scholarship points. Nevertheless, if you choose good scholarship essay topics, these difficulties wont hurt you. These topics will help you start writing, follow the format and create a great essay. If you use them, you will definitely succeed and obtain a scholarship from the university of your dreams! Unmatched Topics for a Scholarship Essay Why did I become a dedicated and diligent student and what experiences encourage me to continue my education? How did I improve the atmosphere in my classroom by becoming a school policymaker? How I graduated from college, despite being extremely poor. How I earned my first $1,000 after becoming a school entrepreneur. How I traveled for a year and learned diverse, unique cultures around the world. How I left my comfort zone, started a new life and succeeded. Why scholarships are unfair to students but are still required for their success. Why students have huge college debts today and how scholarship can help solve this problem. I know the value of discipline, and I am ready to use it to succeed in my studies. I have a vast experience due to being a foreign volunteer. However, the whole life is still ahead of me. Dreaming motivates us to move forward and attain the highest goals, so every person should have a dream, no matter how unattainable it may be. How entering the college will help me resolve some of the most urgent global problems.To be continued

Job Seekers Do This Before LinkedIns Next Update

Job Seekers Do This Before LinkedIns Next Update Edited and published with permission from Bridget Weide Brooks. In September 2016, LinkedIn announced a redesign of its desktop (non-app) user interface. The announcement noted, â€Å"This is the largest redesign since LinkedIn’s inception.† The design update is expected to bring the desktop experience closer to what users of the LinkedIn mobile app are used to seeing. In the past, when LinkedIn has refreshed its user interface, it has removed features or moved them to be available to paid subscription accounts only. And with a forthcoming redesign imminent, LinkedIn has already announced that the Notes and Tags feature will only be available to people with Sales Navigator. There might be more changes coming as well that could result in a loss of your data, so I recommend that you back up your LinkedIn profile right now! This exercise will take you 5-10 minutes at most. Below is an official email from LinkedIn regarding the removal of the Notes and Tags features: At LinkedIn, were always looking for ways to simplify and improve your experience helping you be more productive and successful. This sometimes means removing features that arent heavily used by most of our members to invest in others that members tell us offer greater value. As such, were removing the Notes and Tags features on the LinkedIn profile, which allowed you to add notes and tags to your connections, to help manage your professional relationships. We apologize for any inconvenience this may cause you, so please know that you can download this information through March 31, 2017. As an active user of Notes and Tags, you will find similar functionality in LinkedIns Sales Navigator. To see if Sales Navigator is right for you, we are offering you a free three-month trial*, which will allow you to transfer and view your existing notes and tags. LinkedIn Sales Navigator is a product we launched a couple of years ago and is targeted at sales professionals it lets you keep track of your existing relationships, research your network, and find new leads with tailored recommendations. Below youll find instructions on how to download and transfer your data as well as information regarding your free Sales Navigator trial. As always, please feel free to contact us with any questions. LinkedIn There are two things to do: (1) Create a PDF of your profile. This will save the content in your profile only (no photos or graphics). Here’s how: Log into your account and click on â€Å"Edit Profile† under the â€Å"Profile† menu. Next, hover over the arrow to the right of the blue â€Å"View profile as† button and it will show a dropdown menu. Choose â€Å"Save to PDF† and it will immediately save a PDF of your LinkedIn profile to the default download location on your computer. You’ll be able to open the PDF and view your content. (2) Archive your LinkedIn data. This will create spreadsheet files (in .csv format) of your LinkedIn account - your connections, contacts, email inbox, positions, and profile. It will also include a â€Å"Rich Media† folder with images included on your profile. In contrast to the PDF of your LinkedIn profile, the spreadsheet files will allow you to copy and paste your data into your LinkedIn profile, should you ever need to. In addition, if LinkedIn removes sections with the user interface redesign, you will be able to add this information back into your profile. You can find the full listing of what is included in the data archives: https://www.linkedin.com/help/linkedin/answer/50191/accessing-your-account-data?lang=en Here’s how to get your data archive. Note: This feature is only available using the desktop version of LinkedIn, not using the mobile app. Also, because your backup may contain private information, do not download your data using a public computer. Click on your profile photo in the upper right hand corner of your LinkedIn profile. On the drop-down menu, click on the blue â€Å"Manage† button next to â€Å"Privacy Settings.† Once on the â€Å"Privacy Settings† page, scroll down to â€Å"Getting an archive of your data.† Click on that link. That will open a drop-down menu. You will be able to choose whether you want a â€Å"fast file,† which includes selected information from your account or the â€Å"fast file with other data,† which includes account activity and history. Choose the option you want and click the blue â€Å"Request archive† button. I recommend getting the full archive (â€Å"Fast file plus other data). Once you’ve made your choice, you will be prompted to enter your password. Once you’ve done that, click the blue â€Å"Done† button. You will receive confirmation that your request has been received. You’ll receive a notification email with a download link. When you click the download link in your email, you will be taken back to your LinkedIn profile, where you will find a blue â€Å"Download† link. You have 72 hours to download the file. LinkedIn will send a second email when the rest of the data file is ready (within 24 hours). Clicking the â€Å"Download† button will create a zip folder. Once you unzip it, you will see the .csv files with your connections, contacts, inbox, positions, profile, and registration information, plus a folder containing your Rich Media. For your first-level connections, you’ll receive a file that contains First Name, Last Name, Email Address, Current Company, Current Position, and Tags. If you get an error when trying to request your data archive, try it again using a different Internet browser, or try it again later. If you use a premium LinkedIn Sales Navigator account, export your notes and tags to Sales Navigator. It is rumored that the notes and tags feature is going away with the user interface update.Log into your Sales Navigator account. Move your cursor over your photo in the top right corner of the Sales Navigator home page and select â€Å"Settings.† Under â€Å"Import LinkedIn.com,† click â€Å"Import to Sales Navigator† next to â€Å"Notes Tags.† Now that you’ve seen how easy this is to do, make it a habit to export your data - once a quarter is probably sufficient if you don’t add a lot of new connections regularly, or once a month if you do. Save Save Save Save

Health care Essay Example | Topics and Well Written Essays - 750 words - 1

Health care - Essay Example The judge declared parts of Affordable Health Care Act inconsistent with the intentions of the constitution which guarantees all citizens the right to choose, therefore, according to the judge, the act was unconstitutional. In his ruling, Federal Judge Henry Hudson hinged his judgment on whether the government the mandate to force every individual citizen to purchase health insurance. Based on this opinion, the federal judge rejected the government's argument that to purchase health insurance was a form of tax. The judge noted that in putting in place the Affordable Health Care Act, the act’s regulatory scheme was conceived as an application of Commerce Clause powers. The federal judge rejected any attempt to stretch the Commerce Clause in order to allow the government mandate the insurance purchases, claiming that such a move would open the gate to unrestrained federal power. For the federal government’s penalty due to noncompliance to be effective under the law, the j udge opines that it must aim to affect a legitimate exercise of the Commerce Clause. Further, Federal Judge Henry Hudson sees the Affordable Health Care Act being about more that the issue of designing a scheme of universal health insurance coverage or regulation of insurance business. According to the judge, the core of the matter is an individual's right to choose to take part in the scheme. Support his stand, the federal judge notes that the Constitution had given congress specific powers. Therefore, the judge claims that power that the constitution does not give the federal government is reserved to the states while those not outlawed are reserved to the citizens. Even as Federal Judge Henry Hudson declared the Affordable Health Care Act unconstitutional, Judge George Caram Steeh found the act constitutional in the ruling of the Thomas More Law Center v. Obama case in which the judge gave an order denying plaintiff’s motion. In his opinion, Judge Steeh noted that a refusa l to get insurance amounted to an example of an activity that affect interstate commerce to a large extend. According to the judge, those who selects not to get insurance cover have in effect, made an active decision to pay for their medical expenses from their pockets. This decision, the judge added, had an impact on taxpayers, health care providers, and the insured citizens who will have to foot the bill for those who do not take insurance cover. Further, Judge Steeh claim although the matter on constitutionality of the Affordable Health Care Act presented an issue of first impression, there was a rational ground to make conclusions that decisions not to take insurance cover increased the cost of coverage, therefore affecting interstate commerce. From the point of views presented by Federal Judge Henry Hudson and judge Steeh, it is my opinion that Federal Judge Henry Hudson presents a better argument. The government should recognize its citizen’s right of choice. To penaliz e those that do not take the insurance cover is paramount to dictating to them the kind of medicine they should take when they get sick. People have the right to decide the kind of treatment they need and at what time. Although it is a noble effort that would guarantee medical service to many deserving citizens, the federal government, through the Affordable Health Care Act has no legal right to force citizens to take medical cover. If the