Financial Management case study 2 Essay Example | Topics and Well Written Essays - 750 words

Financial Management case study 2 - Essay Example Based on the probability distribution of the rate of return, you can compute two key parameters, the expected rate of return and the standard deviation of rate of return. This in fact is the measure of risk for a single asset. State Probability Return on Stock A Return on Stock B 1 20% 5% 50% 2 30% 10% 30% 3 30% 15% 10% 4 20% 20% -10% Given a probability distribution of returns, the expected return can be calculated using the following equation:Where, E [R] is the expected return on the stock; N = no: of states; pi is the probability of state i and Ri is return on the stock in state i. So we see that Stock B offers a higher expected return than Stock A. However, that is only part of the story; we haven't yet considered risk. Given an assets expected return, its variance can be calculated using the following equation and the standard deviation is calculated as the positive square root of the variance. Although Stock B offers a higher expected return than Stock A, it also is riskier since its variance and standard deviation are greater than Stock A's. Advantages of Risk and Return: It enables investors and entrepreneurs in taking capital budgeting decisions. In case of risk chances of future losses can be foreseen. Disadvantages of Risk and Return: Uncertainty lies in decisions taken based on these. Calculations might be difficult at times. (b) Explain, with examples, how you would measure the risk of a portfolio. Most investors invest in a portfolio of assets, as they do not want to pout all their eggs in one basket. Hence what really matters to them is not the risk and return of stocks in isolation, but the risk and return of the portfolio as a whole. Expected return of a portfolio: The expected return of a... Most investors invest in a portfolio of assets, as they do not want to pout all their eggs in one basket. Hence what really matters to them is not the risk and return of stocks in isolation, but the risk and return of the portfolio as a whole. Expected return of a portfolio: The expected return of a portfolio is simply the weighted average of the expected returns on the assets comprising the portfolio. For eg : when a portfolio consists of two securities then the expected return is Consider the following two stock portfolios and their respective returns (in per cent) over the last six months. Both portfolios end up increasing in value from $1,000 to $1,058. However, they clearly differ in volatility. Portfolio A's monthly returns range from -1.5% to 3% whereas Portfolio B's range from -9% to 12%. The standard deviation of the returns is a better measure of volatility than the range because it takes all the values into account. The standard deviation of the six returns for Portfolio A is *1.52; for Portfolio B it is *7.24.

Industrial Action Essay Example | Topics and Well Written Essays - 1500 words

Industrial Action - Essay Example The collective bargaining process in the U.K. has been described as adversary in nature because of the arms length bargaining style and the minimal communications employed, although it is a â€Å"representational system† since the labor movement is not seeking to overcome the political economic system. In sum, the degree of external control placed on employers by unions in the U.K. is limited in international comparison. Conditions of employment are set at the firm level and therefore more likely to give employers more flexibility in adapting HR policies to the firm context, although at times these policies also limit managerial flexibility, to wit, the restrictive work practices that evolved in U.K factories. The extent of industrial action : In the UK, official statistics on the use of industrial sanctions relate only to strikes. They measure three dimension of strike activity – their number (how frequent they are), their size ( number of workers involved) and their d uration (the number of working days lost). This last measure is often distorted by a few big strikes. For example, in 1979 an engineering industry- wide strike accounted for 55 percent of the 29.5 million working days lost in that year. In 2000 the number of working days lost in the UK was 499,00. However, disputes still happen – for example, the series of one day stoppages in 2002 on the railways over the widening of pay differentials between drivers, who were in short supply, and other railway employees.

Metaphysics - ontology Essay Example for Free

Metaphysics ontology Essay â€Å"I think therefore I am-Descartes;† â€Å"All noble things are as difficult as they are rare- Spinoza. † Decorates and Spinoza are unique; they are like nothing this class has studied previous. They focus on nature, existence and power as the fundamental building blocks to their unique philosophies. The beauty of these two men’s philosophies is not only in their contrasts but in all the ideas the students can draw from their logically thinking strategies; ultimately creating an individual philosophy and bettering ones own life from it. They both use logic but the use of language is the â€Å"wild card† that allows the real questioning to happen. Spinoza and Decorates are masters at using concrete facts and twisting them in such a way so as to question their existence entirely. Almost like one is pressing the reset button on life and starting fresh. The best example I can give is our day-to-day class discussion. Previously our tangents have been focused and connected. But with Spinoza and Decorates they have been different. They have become sporadic, wide spread, and eye opening. Yes the focus has and will always remain to be on the ideals that these men present; but the beauty in these philosophies are not restricted to just their points. The beauty lies within what the student (since we are all students’ not philosophy kings yet) can question and provide. This paper will discuss all the points crucial to these two men’s philosophies; however, throughout the paper the tangents I will draw will reveal my own conclusions that I have been taking note off from our class discussion in order to shed some light on the impact these philosophies have had to myself and philosophy itself. First thing that this paper will cover, and the biggest topic of debate between the two is the dialectic about the mind and body. Descartes is a substance duelist. He believes substance is divided into two things: mind substance and body substance. They are also independent entities in his eyes. In the second meditation he concludes that doubt is possible about the existence of the body but there can be no doubt as to the existence of the thinking mind; the mind simply cannot doubt the existence of thinking, since even the doubt itself would require thinking to exist (this concept itself is confusing and brilliant at the same time basically embodying who Descartes is in a one thought). Therefore Descartes is able to conclude that since there is doubt about the existence of the body, the mind can think without the use of the body. Thus independence is the only logical result. After all of that, duality in substances is born and realized. On the contrary, Spinoza believes mind and body are the same substance. Mind is dependent of the body and vice versa. The mind is united to the body because the body is the object of the mind (Ethics 2, prop 21). However one does not determine the other: The body cannot determine the mind to think, nor the mind the body to remain in motion or at rest (Ethics 3, 2). † Simply put, it is illogical to believe that one act causes the other act to happen. The mind is in place to insure the survival of the body. He rejects the idea of substances that Descartes suggests. Spinoza believes that there is only infinite substance, and no finite substance; which is a contradiction and a double negative (proving a statement false with false evidence). Each thing, mind and body, is both a thought and an extension. The thought is what is known through ideas and the extension is what exists and is sensed physically. Therefore thought is mental and extension is physical. For Spinoza, the mind and body act as a mirror image of each other; neither has any freedom from the other; dependence is therefore born. Then the role of infinite substance is introduced. Spinoza argues that God is the only infinite substance in nature. There can be only one substance that satisfies the idea difference between the two philosophers and that is that Spinoza views thought and extension as inseparable not having independent extensions. While in Descartes philosophy there are two distinct extensions. The mind substance is further divided into infinite and finite thinking. The infinite is God, the finite is each individual mind and soul. There is only one infinite thinking substance and that is God. Thinking is not a physical action (it is a behavior). It is an individual act that only the individual can control. One doesnt have to think a normal way, Descartes would argue. This connects to his views on education and how it can sometimes â€Å"cloud† individuals from their true passions and loves in life. Thinking with a clear mind is something that goes hand in hand with self-knowledge; learning from experience through one’s own paths and mistakes. Accepting that one cannot control everything (only one’s thoughts and physical actions) and understanding the necessity for an open mind to nature. Only then when this is all applied is it possible to live an active life; living life to the fullest and embracing all it has to offer. This leads into Spinoza’s definition of affect. He defines it as â€Å"the modifications of the body whereby the active power of the said body is increased or diminished, aided or constrained, and also the ideas of such modification (Ethics, prop 130). † Simply put, that which is affected does not exist; meaning the only thing that can possibly exist is God. Everything is dependent on something in order for it to survive; a book, a tree, a person, is dependent on something else for its survival. One could argue (and will now) that the mind has the ability to affect too. The only thing that can affect the mind is the mind itself. But the mind can be deceiving. Overthinking or over analyzing can change our perception of what reality is. Emotions and senses also add to the deception the mind can cause. A smell could lead somebody to not eat a meal; hearing somebody’s voice can be appealing or completely â€Å"turn off† the individual from furthering the conversation. The mind can also cause passive moments. Being passive is a huge part of nonexistence to Spinoza. Although the passive moments in ones life are inevitable, Spinoza suggests that we must attempt to control them in order obtain maximum freedom in life. Freedom is that in which someone lives an active life (living in the moment, embracing all that life can offer). By developing good habits, living actively, one can limit the passive moments and bounce back (not fall too far down the divided line). The goal in life is to live the most active life and experience nature to the fullest. Descartes believes in the exact opposite. He beliefs that mind and body are two separate substances that dont rely on each other. Therefore the mind cannot affect the body and the body cannot affect the mind. Thus all that Spinoza would suggest is a â€Å"waste. † The four cores of life are sadness, joy, weakness and power. Each person will experience one in his or her lifetime (if one does not then their alien [interesting what an alien is or is not]). The key, Spinoza would argue is that one experiences the cores in their own way. The question he would ask is: â€Å"will you live your life or the way others tell you too. † God is the key answer to this question. What does it mean to say that God is substance and that everything else is â€Å"in† God? Spinoza suggests that rocks, tables, chairs, birds, mountains, rivers and human beings are all properties of God. Thus all we are is a creation off God. It’s crazy to think that we are merely just part of an image of some other higher substance. When a person feels pain, sadness and joy; does it follow that all the emotions are ultimately just a property of God, therefore suggesting that God feels it too (chills run down*). This is the gut of Spinoza’s philosophy as he devotes the first 15 proportions to defining God and all that he does. Descartes is similar on his view with God. Gods existence is inferred, simply because of existence. For example, God is not an extended thing but only a thinking thing; God exists in a higher form, and he and only he can cause its existence. The idea of God is the idea of an infinite substance. Since a finite substance is less real than an infinite substance. A finite substance does not have enough reality to be the cause of its own idea. But the idea must have come from something. So that something is God, which must be an infinite substance. Therefore, God exists as the only possible cause of this idea. These comparisons that the two philosophers naturally bring to the table lead the mind to wonder. The possibilities are endless when it comes to questions and conclusions. The beauty lies within these questions. It is up to the individual, as Spinoza would say, to stop living a passive life and â€Å"attack† these philosophers in order to create something beautiful.

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Ethical theories Essay

There are five types of ethical theories: 1. Teleological theory of ethics 2. Deontological theory 3. Virtue ethics 4. Justice as fairness 5. Feminism The teleological theory examines the consequences in terms of pleasure and pain, which is termed as â€Å"Utilitarianism†. According to this theory, our obligation in any situation is to perform that action which will produce the greatest amount of good over evil. Under this theory, the ethical virtues such as being honest or not lying are not obligatory. Utilitarian morality compels you to do only those particular acts which bring out good results only. For instance, consider a situation where telling the truth can break someone’s heart or hurt his/her feelings then in the light of this theory, lying is better than honesty. One of the fundamental characteristics of utilitarianism is universalism which talks about the pleasure of everyone, rather than benefitting your own self only. The two versions of utilitarianism have evolved from these conditions, act-utilitarianism and rule-utilitarianism. The two great philosophers, Jeremy Bentham and Stuart Mill presented their views in the light of this theory. Bentham proposed the act-utilitarianism theory and said: â€Å"An action is right if it produces greatest amount of pleasure over pain for everyone† However, this statement was greatly opposed by many critics since they termed it as a â€Å"pig philosophy†. Critics complained that pleasure alone can not constitute the good for human beings because even pigs are capable of attaining pleasure from their own bodies so it would be better to live the life of a satisfied pig rather than being a dissatisfied human being such as Socrates. Seeing these objections, Stuart Mill supported the utilitarianism gave the idea of act-utilitarianism by giving his view that an action is right if it produces greatest amount of pleasure over pain by following certain moral rules. Mill said that a person should go for qualitative pleasure rather than quantitative pleasure. Mill also defended the accusation of pig philosophy on Bentham by giving his views that human beings are able to enjoy the higher levels of pleasure than swine. Human beings can pursuit pleasure in the form of intellectual arts and other such activities. Hence, Mill categorized pleasure in higher and lower forms of pleasure. Rule-utilitarianism emphasized tremendously on morality and social obligations, which in fact, are the problems of all teleological theories. Concluding the discussion now, the best theory is the rule-utilitarianism as compared to act-utilitarianism theory because one does not need to calculate the amount of pleasure and pain before performing any deed. Instead, it provides the basic grounds of morality and goodness for doing any action.

Anatomy Diagram Learn the Parts of a Tarantula

Classifying tarantulas (Family  Theraphosidae) requires extensive knowledge of their external morphology, which studies the form of an organism by looking at the parts of its body. Knowing the location and function of each part of a tarantulas body makes it easier to study and understand them, even when not trying to perform scientific classification. This diagram outlines the anatomy of a tarantula. Tarantula Anatomy Diagram Opisthosoma: One of two main parts of a tarantulas anatomy and the rear section of the body, often referred to as the abdomen. The opisthosoma houses the two pairs of book lungs, a primitive respiratory system consisting of ventilated, leaf-like lungs through which air circulates. It also internally contains the heart, reproductive organs, and the midgut. The spinnerets can be found externally on this part of the tarantulas body. The opisthosoma can expand and contract to take in nutrients or expel eggs.Prosoma: The other main part of a tarantulas anatomy, or front section of the body that is often called the cephalothorax. The dorsal surface of the prosoma is protected by the carapace. The legs, fangs, and pedipalps all extend from the prosoma region externally. Internally, you will find the tarantulas brain, a network of muscles responsible for much of a tarantulas movement, digestive organs, and venom glands.Pedicel: An hour-glass shaped tube that joins the two primary body sectio ns, the exoskeleton or prosoma to the abdomen or opisthosoma. The pedicel contains many nerves and blood vessels internally.Carapace: A very hard, shield-like plate that covers the dorsal surface of the prosoma region. The carapace has many functions. It houses the eyes and fovea, but it is also responsible for protecting the top of the cephalothorax. The carapace is a crucial part of the exoskeleton of a tarantula and its covering of hairs also functions as an effective defense mechanism.Fovea: A dimple on the dorsal surface of the prosoma, or more specifically, the carapace. Many of a tarantulas muscles are fixed to this important feature, including its stomach muscles. The fovea is also called the foveal groove. Its size and shape determine how the tarantulas limbs will move.Ocular tubercle: A small mound on the dorsal surface of the prosoma which holds the tarantulas eyes. This bump is located on the rigid carapace. Tarantulas usually have eight eyes. Though famously ineffective for vision, tarantula eyes may help them to calculate distance or take in polarized light.Chelicerae: Jaws or system of mouthparts that house the venom glands and fangs, which are used for envenoming prey. These are fastened on the front of the prosoma and are quite large. Tarantulas primarily use their chelicerae for eating and hunting.Pedipalps: Sensory appendages. Although they resemble shorter legs, pedipalps are just designed to help tarantulas to feel their environment. The  pedipalps usually have only one claw each, compared to their true legs that each contain two claws. In males, the pedipalps are also used for sperm transfer.Legs: A tarantulas true legs each have two claws on the tarsus (foot). Setae, or the coarse hairs also covering the carapace, can be found on each of the legs and these also help the tarantula to feel their environment and sense danger or prey. A tarantula has four pairs of two legs, or eight legs total, containing seven segments each.Spinnerets: Si lk-producing structures. Tarantulas have two pairs of these appendages and they extend mostly into the abdomen. Tarantulas use silk to defend themselves against threats and create webs for shelter. Sources Anatomy, Theraphosidea website by Dennis Van Vlierberghe. Accessed online September 11, 2019.The Tarantula Keepers Guide:  Comprehensive Information on Care, Housing, and Feeding, by Stanley A. Schultz, Marguerite J. SchultzThe Natural History of Tarantulas, British Tarantula Society website. Accessed online December 27, 2013.

Digital Knowledge Essay - 1446 Words

In â€Å"Literacy and the digital knowledge revolution† (2006), Claire Belisle refers to â€Å"digital knowledge†, as a way that knowledge can be â€Å"processed and transformed†, by the various technological tools, i.e. search engines, databases, sorters and linguistic analysts, that we have available (Belisle, 2006, p57). Belisle moves in to the revouloution Literacy- believes that literacy is the basis of knowledge acquisition and, with the stronger interaction between humans and technology and the way we acquire and interpret information and data from the latter, digital literacy needs to be incorporated into our current literacy structure. According to Paul Gilster, digital literacy is comprised of these four components- assembling knowledge,†¦show more content†¦Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) ISSN: 1350178X DOI: 10.1080/1350178022000015113 Accession Number: 9085763 Database: Business Source Complete Publisher Logo: ---------------------------------------------------------------------------------------------- CURRENT AND FUTURE TRENDS IN INFORMATION TECHNOLOGIES FOR INFORMATION UNITS. Images Alternate Title: Tendencias actuales y futuras en tecnologà ­as de la informacià ³n para unidades de informacià ³n. Authors: Breeding, Marshall1 marshall.breeding@librarytechnology.org Source: El Profesional de la Informacià ³n; ene/feb2012, Vol. 21 Issue 1, p9-15, 7p, 1 Diagram Document Type: Article Subject Terms: *TECHNOLOGICAL innovations *TECHNOLOGICAL progress *INTERNETWORKING (Telecommunication) DIGITAL technology COMPUTING platforms LIBRARY materials -- Computer network resources CLOUD computing Author-Supplied Keywords: Digital collections Digitization Discovery software eBooks eJournals Infrastructure Integrated library systems Libraries Library management systems Web based services Bibliotecas Colecciones digitales Computacià ³n en la nube Digitalizacià ³n Infraestructura Libros electrà ³nicos Revistas electrà ³nicas Servicios basados en la web Sistemas de gestià ³n de bibliotecas Sistemas integrados de bibliotecas Software como servicio Software de discubrimiento Language of Keywords:Show MoreRelatedMy Knowledge And Belief Of Digital Television9351 Words   |  38 PagesDeclaration To the best of my knowledge and belief, I certify that this thesis does not: 1 Incorporate any material previously submitted for a degree or diploma in any institution of higher education without acknowledgment. 2 Contain any material previously published or written by other person except where due reference is made in the text. 3 Contain any defamatory material. I also grant permission to Shenyang University to make duplicate copies of my thesis as required. Signature: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreUse Of Our Knowledge Of Digital Forensics1489 Words   |  6 Pages Digital Forensics Scenario Supervisor – Mr. Ernest Foo Use our knowledge of Digital Forensics to set up a challenge scenario. We need to set up and develop evidence that can be examined to determine a sequence of events. Scenarios can include disk forensics, network forensics and memory forensics or a combination of all. Prasad Prasannakumari Sasikumar [n9065041] 8/14/2015 â€Æ' Title The present period can be seen as the time of the digital revolution, described by boundless, simpleRead MoreThe Impact Of Technology On Education809 Words   |  4 Pagesthe digitization of every perspective of human life. Most of the human activities have adopted a technology; a move normally referred to as digitizing, in their operation. Education has not been left behind. 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