Favorite place Essay Example

Favorite place Essay Example Favorite place Essay Favorite place Essay I always loved the beach since I was a child. There is nothing like the fulfillment the beach brings with your toes in the sand, and nothing but the horizon in my perception. The sounds of the waves crashing, the smell of the salty atmosphere, and the relaxation you get from Gods beautiful creation. Throughout this essay I will get more into depth of why I have chosen the beach to be my favorite place to be. This essay will briefly describe my experiences, exposures, existences, and observations of my visits to the beach. The beach has always been my favorite place to go. Its a great getaway from everyday life. : The beach is a whole different world then where Im from in Tennessee. The smell of the air at the beach is so comforting and relaxing. Theres nothing like waking up every morning and smelling that salty water atmosphere on the ocean front property. I like to wake up early in the morning so I can catch that beautiful sunrise in the never-ending horizon with a nice cup of coffee in my hand. The beach is like a free spirited world. I have no worries in the world when Im at the beach. My mind is always put at ease when Im at the beach. There is no way you can wake up or be in a bad mood when youre there. While lying out on that white sand listening to the amazing sounds of Gods creation is so peaceful and relaxing. Staring out into the horizon, letting your mind start wondering how far the waters go, or where it ends. I like seeing people have a good time, so watching all the different people do their own thing while having a blast puts a smile on my face. I like to take walks down the beach, and being adventurous when Im there. Theres no better feeling then having the sand between your toes, and the water crashing onto shore, going over your feet. Night walks down the beach are very relaxing also.

How Long Does it Take to Become a Nurse

How Long Does it Take to Become a Nurse Jobs for nurses are predicted to grow by nearly 20 percent in the 10 year period between 2012 and 2022, according to the U.S. Bureau of Labor Statistics. This is credited to a â€Å"perfect storm,† of factors, including the entrance of millions of new Americans into the healthcare system due to the Affordable Care Act and the aging of the Baby Boomer population resulting not only in more patients in need of care, but also in an exodus of retiring nurses. If you’re one of the many people considering field of nursing, here’s what you need to know about what it takes. Many Different Educational PathwaysThere are several types of nurses, each of which involves a different time commitment. For example, to become a certified nurse assistant (CNA), an Associate’s degree from a two-year community college program and the passing of a certification exam suffices. Registered nurses (RNs) require a four-year Bachelor’s degree along with licensure, while nurse p ractitioners (NPs) must meet the requirements of RNs and also undertake a Master’s degree in the field. Additionally, nurses looking to advance their careers or take on administrative and teaching roles may choose to pursue the Ph.D. in Nursing.In additional to traditional routes, accelerated and online programs offer more opportunities than ever for prospective nurses to get the education they need to enter the field.When choosing a nursing school, selecting one that is accredited is paramount. Not only will a degree from an accredited institution help you get a job, but it also ensures that your education meets the prescribed standards of excellence in the field.What to Expect in Nursing SchoolWhile there’s no universal nursing school curriculum, students enrolled in nursing programs can expect to take coursework in a broad range of topics, including biology, physiology, anatomy, pharmacology, psychology, chemistry, and nutrition.However, a nursing education is not s trictly procured in the classroom. The typical curriculum also includes a clinical portion in which students learn and practice skills in healthcare settings while interacting with patients and their families.The Cost of Nursing SchoolDepending on the school you attend and type of program, the cost of nursing school varies widely. For example, programs at community colleges and states schools will cost significantly less than at private institutions. According to Nursing360, the total cost for nursing school - including everything from tuition to supplies to state nursing license exams - can range between $5,000 and $40,000 per semester.Online nursing schools can also offer a reduced cost nursing education, particularly if you factor in funds saved on everything from commuting costs to living expenses. Nursing360 further estimates that the average semester cost of attending an online nursing school is approximately $7,500 per semester.While nursing school involves an investment of both time and money, there are also plenty of rewards. Not only does a career in nursing promise job security and an average salary of just under $70,000 for RNs and just over $95,000 for NPs, it also comes with something truly invaluable: the chance to make a difference in the lives of people in need.

How to Find, Capture, and Control the Most Lucrative Markets in Any Assignment

How to Find, Capture, and Control the Most Lucrative Markets in Any Business - Assignment Example In order to compete effectively, the business unit needs to adopt the strategy which motivates the customers to buy the product and use the service of this business unit.   For example, the product line can be very differentiated or innovative, the appealing marketing campaigns, the exclusivity of the service, and, of course, the price should be maintained lower than competitors.   Nevertheless, the lowering of price does not guarantee success on the market.   The monopolistic or perfectly competitive firms do not have to consider the price setting of the rivals but the oligopolistic or the monopolistically competitive firms do.  If the company is producing the unique good and no substitutes exist, and the other firms are prevented from participation in production by some barriers, such as patent rights, the market for this good becomes monopolistic. The perfectly competitive firm has an influence over the market price by deciding how much the good should cost – the pr oducer does not have to adjust the price of the good to the market price. Monopolistic firms are price seekers, not price takers (Lele 2005). Therefore, monopoly grants the right to control the market, even though the firms still have to find the optimum price for their product – the buyers can refuse to buy at the price they consider too high for the value they get.  The monopolistic business unit has the strategy of finding the level of output that maximizes the profits and minimizes the losses – the same for perfectly competitive firms. The most profitable level of production in monopoly is when marginal cost equals marginal revenue – in the case with perfectly competitive firms, the marginal cost should equal the average revenue (price). Monopolistic firms are profitable, but unlike competitive firms, the new firms are not attracted into the industry. If the market is competitive, the new entrants ensure the increase in output and, as a result, the fall in price. Monopolistic market structure blocks such entries and therefore the price remains at the most suitable for the firm level (Kreps 1990).

The prons and cons of using computer to work Essay

The prons and cons of using computer to work - Essay Example However, computer as a technology is faulted by the mere fact that the use is environmentally harmful adducing the waste produced by the continued use of the machines. Moreover, the use of computers has advanced from the past notion of the gadget being luxurious into a need that forces the world to rely constantly on their availability. The use of this gadget has increased the need to purchase the instrument since it gives the user more features that they make the individuals do a colossal amount of work in the fashion they need the machines to do the work. The fact that the computers do as the user commands gives the device an upper hand in the functional management of work, business among other uses. The computers have proven a daily use periphery, which has its own advantages (Wenglinsky, 2005). While using the computer might have its cons, the perquisites it comes with surpass the disadvantages that may be in the process of using one. The computer is a learning instrument in the society where the use has changed the classroom in terms of research and work in the modern schools. The use of the computers has reduced the use of paper work translating to the reduced amounts of paperwork in the classroom and staffrooms. In most cases, the work done on the machines is stored within giving better storage of the class work as compared to the old ways where the work done was very vulnerable to the natural laws (Richardson et al, 2005). Moreover, the convenience the work has seen in this technologically advancing world is another in favor of what manifests itself in the working system. The computer can connect the employee to the work required without the worker being there. This has improved the work travel performance making it wise to have to work from the point one is situated saving on the costs of travel (Cornick, 2006). Moreover, conference calls can be made on urgent clarifications connecting several business partn ers instead of them traveling and meeting at a central point. The use of computers has made possible to the business people acting as the central point of communication easing up the business processes. In contrast to the disadvantage involved is the idea of impersonation that can happen with the advanced technology in the market giving the use of these convenient a risk attached to the speedy connection and business transaction (Saunders, 2000). People can impersonate others and perform fraudulent acts to business parties without the parties noticing in an instant. The old way so sealing deals did not allow the fraudulent episodes that were unprecedented since the people would meet physically. However, the uses old techniques are do not guarantee safety since they had moments where the drifts would still happen. This means the presence of the schemes will never end as long as money is involved. The use of computers poses a lot of possibilities and advantages. However, to obtain the se one needs to purchase the gadget first to obtain these privileges. The ownership of these convenience costs one to give money to obtain the required software and hardware to enable the required functioning of the computer system (Richardson et al, 2005). For any person who needs better performance from the computers, the need comes with the costs to upgrade to the level they need to reach with the computers. This con is hidden and often no one seems to articulate its presence. Either way, the purchase of a computer may be expensive initially but when the gadget starts to deliver its duties the returns are more than the amount spent on the purchase making it more viable to implement the use rather than avoid because

Healthcare Management Essay Example for Free

Healthcare Management Essay Executive Summary There are over 850,000 physicians practicing in the United States today, covering every imaginable specialty and sub-specialty (Young, Chaudhry, Rhyne, Dugan, 2011). According to the World Health Organization (2000), even though our country spends more money per capita than any other country in the world, the USA ranks 37 out of the top 191 countries in the world in terms of overall health system performance. Although there are many reasons for this poor performance, several experts cite the lack of emphasis on primary care and true preventative medicine in the US (The Commonwealth Fund Commission on a High Performance Health System, 2011). This is a proposal to create a community ambulatory health center in a suburban community that would provide the setting for training family medicine residents. The establishment of such a center would allow a hospital to provide better primary care services to the uninsured and underinsured patients in its community. It may also help reduce unnecessary emergency room visits as well as hospital readmissions by providing quality care to these patients. A training program would also improve the hospital’s ability to recruit and retain actively admitting primary care physicians. The proposal discusses the process for choosing the center’s location, funding models, administrative structures, as well as staffing and architectural requirements. Strategy of Service Lines and Location As mentioned in the executive summary, it is well known that many communities in the US could benefit from increased access to primary care services (Commonwealth Fund Commission, 2011). Even within suburban communities that may appear seemingly affluent, there are often significant socioeconomically challenged populations. The parent hospital would have to conduct a SWOT analysis, to identify its strengths, weaknesses, opportunities, and threats (Longest Darr, 2008). In this case, the presence of a family medicine residency program is a great strength, both in clinical and economic ways. Family medicine residents (and their faculty) are well versed in current, best standards of care. Graduate medical education often provides significant revenue streams, as described below. Up to four residents can work under the supervision of a single faculty  physician; often the number of patients seen in a residency clinic far exceeds that of a private office. Weaknesses include the presence of other residency clinics in the region, as well as difficulties recruiting quality residents to a new training program that has no established reputation. It can also be difficult to recruit and retain skilled and motivated faculty physicians for progams, as the compensation for such academic positions is often less than that of purely clinical posts. Threats to this proposal include changes in GME funding (external environment) and the possibility of the residency program losing its accreditation (internal and external environment). In scanning the external environment of the organization, it is possible to identify specific geographic locations that have significant numbers of uninsured/underinsured patients (but still within the hospitals catchment area). It would also have to be convenient to public transportation, such as bus stops, subway stations, or railroad stations. Analysis of the various economic, political, demographic, and regulatory sectors would also identify the best time and location to create such a clinic. Significant forecasting would also have to confirm that the current external environment would not change in a way that would significantly worsen the chances for the clinics success. The creation of this new community health center would fall under the hospitals directional strategy, as most hospitals mission and vision statements include caring for the needy in their communities (Longest Darr, 2008). Management and Personnel Structure Being a hospital-owned facility, a hospital administrator would be the senior manager / liaison; this would most likely be the Vice President for Ambulatory Affairs or Chief Medical Officer. The organization itself would have two chief administrators reporting to the hospital liaison; an Administrative Director (who would be the middle manager responsible for the overall management and vision of the center) and a Medical Director (who would be responsible for clinical activities, supervision, and initiatives). The Medical Director might well be the hospitals department Chair of Family Medicine. The family medicine residency program would require a full-time physician serving as both Director of Medical Education and residency Program Director. The residency itself would have 24 residents.  In order to maintain an appropriate ratio of preceptors to trainees, there would need to be at least 4 full-time faculty attending physicians (American Osteopathic Association, 2011) An office supervisor (first-level manager) would be responsible for the day-to-day operations in the front (reception) and back (finance) portions of the office. In the front office, the practice would need 3 receptionists who would register patients upon their arrival and answer telephone calls. They would also verify patients insurance status. The back office would require 2 coders who would be responsible for verifying correct coding for practice visits, submit claims, and process payments from both patients and third-party payors. Another clerical staff member would be needed to process pre-authorizations and referrals (both incoming and outgoing). Finally, a charting person would be needed (even in an electronic medical record-equipped practice) to accommodate incoming paper / faxed documents. The middle (clinical) part of the office, would require 2 medical assistants who would be responsible for bringing patients from the waiting room into the appropriate area (exam room, laboratory, or procedure room) and triage them (taking and recording vital signs, documenting the chief complaint, and verifying medications and allergies). A registered nurse and licensed practical nurse would be needed to administer vaccinations and medications. Finally, a phlebotomist / lab assistant would be needed to perform venipuncture’s, prepare specimens, and perform CLIA-waived tests. The registered nurse would also serve as the Clinical Supervisor (first-level manager) for the clinical support staff. Funding Model Medicare is the primary formal financier of graduate medical education programs, contributing 72 percent of all tax-financed support. Other federal payors include Medicaid (11 percent), the U.S. Department of Veterans Affairs (10 percent), the U.S. Department of Defense (3 percent), and the Bureau of Health Professions (3 percent) (Young Coffman, 1998). A teaching hospital will receive direct medical education (DME) payments cover the cost of resident and faculty stipends and benefits, and overhead costs that are directly related to the teaching programs, such as ambulatory  office space. Hospitals also receive funding for indirect medical education (IME) costs because teaching hospitals have more complex case mixes, more uninsured patients, and provided services that were costly but not necessarily well reimbursed, such as trauma centers and transplants units (Cymet Chow, 2011). These payments are, on average, total $100,000 per resident per year. However, over the last 20 years, the federal government has either frozen GME funding or in some cases, reduced it significantly (especially under the Balanced Budget Act of 1997) (Phillips, et al., 2004). Currently, the family medicine residents in this proposal do result in a net gain for the hospital. With an average salary of $45,000 plus $20,000 in benefits, the hospital stands to net $35,000 per resident. For a program of 24 residents (8 in each year), the hospital would have a net income of $840,000 from Medicare GME funding. Each of the faculty physicians would have their own clinical practice (about 0.25 FTE), so they would bill Medicare and third-party payors for their services. They would have a productivity plan whereby each month they would receive 25% of their revenue after fulfilling their monthly salary/benefit costs. Physical Characteristics / Layout of the Facility Because of the educational nature of the practice (i.e. a residency teaching clinic), the physical layout of the facility has specific needs. In the front portion of the office, the waiting room needs to have ample seating to allow for extended wait times associated with teaching clinics. The waiting room would also have to be child-friendly, with easily disinfected toys (i.e. no stuffed animals). Because many potential patients will have to apply for Medicaid or hospital-based charity programs, it would be ideal to have an office (or at least a kiosk) where a financial coordinator could meet with patients in a private area. Since this would be a multi-specialty practice with dozens of residents and attending physicians, there would need to be a large number of exam rooms, perhaps 18, all with exam tables equipped with stirrups to accommodate pelvic exams, Pap smears, and STD testing. There would also need to be a large procedure room to accommodate the need for various gynecological (colposcopy, endometrial biopsy, IUD placement/removal, etc.) and other types of procedures (suturing, biopsies. etc.). The center would also have a spacious area dedicated to residents for  charting and research, as well as two precepting rooms where clinical cases can be discussed with faculty physicians. There would be a conference room equipped with a computer and LCD projector for presentations and discussions. Numerous computer workstations throughout the clinic would allow access to an electronic medical records system. One exam room could be equipped for videotaping that is used (with the patient’s permission) to observe residents as they demonstrate the core competencies while providing patient care. The center would need a laboratory for the collection and processing of blood and other specimens. In order to avoid the same stringent regulations and testing associate with a hospital or reference laboratory, the center would only perform CLIA-waived tests such as finger-stick blood glucose testing, throat cultures, and urine dipstick analysis (CDC and CMS, 2006). The building would al so ideally have offices for each of the faculty attending physicians, as well as for administrative and support staff. Clinical Practice As mentioned previously, this community health center would offer multiple specialties. The main service would be primary care. Family medicine residents, under the supervision of faculty preceptors, would provide general internal medical, pediatric, obstetric (pre- and post-natal), and gynecologic care to patients of all ages. Additionally, other specialty physicians would be available for special clinics: obstetrics (perinatal) and advanced gynecology twice a week, dermatology once a week, and general surgery, gastroenterology, pulmonology, cardiology, and urology once a month. These specialty services are essential in serving the needs of the target population: uninsured and underinsured (i.e. Medicaid) patients who are unable to see these specialists in private practice. Credentialing The Chair of Family Medicine is responsible for maintaining records of each attending physicians credentials. These would include a New York State Medical License (with updated registration), DEA registration (to prescribe controlled substances), copies of medical school and residency diplomas, proof of board certification (and maintenance), records of continuing  medical education, and CPR/Advanced Cardiac Life Support training cards. The Director of Medical Education / Residency Program Director is responsible for maintaining records for each resident physician such as their medical school diplomas/transcripts, licensing examination transcripts, ACLS training, and signed residency contracts. Local zoning and legal concerns Consideration must be given as to the choice of commercial property for this ambulatory health center. The ideal location would be a pre-existing medical office building that has already been zoned for a medical practice, and has the required number of parking spaces (especially handicapped) and adequate access in and out of the building. A multi-level building must have elevators that are compliant with ADA (Americans with Disabilities Act) regulations. In County, a Certificate of Need must be granted before a new healthcare facility can be built. There are also village and town zoning ordinances that must be considered when modifying or creating a medical office building . The center would fall under the jurisdiction of the same regulatory bodies as that of its parent hospital, and would be setup as a not-for-profit organization, since a significant portion of its care would be uncompensated.

Online Communities :: Internet Technology Computers Papers

Online Communities The Internet...the most exciting, mysterious and phenomenal form of communication to date. It allows people to enter a world where they can explore far off places they would not dare to venture into in the tangible world. It gives people the opportunity to communicate with other human beings from all over the world using nothing but a keyboard. It is an information highway, a place where research can be gathered on any topic capable of entering into the imagination. My exposure to the world of Cyberspace began six years ago when I entered college at California State University, Chico. I obtained a school-based e-mail account. In addition to writing to friends at other colleges, I was able to chat with other people on campus using a "talk" command. Throughout my two-year experience at Chico, I never ventured far out of the school-based e-mail system and never once went surfing on the "net." It wasn’t until I transferred to California State University, Northridge that I began my exploration of the Internet. Since I was commuting from home where I had a computer with no modem, it was at the school library where I did my e-mail. It was on these library computers that I became familiar with the Internet. I was now exposed to a whole new aspect of being online. I began using the Internet to research topics for both papers and recreation. In fact, when I moved back home and started going to CSUN, I became very involved in swing dancing. I wanted to know the "where, when and how" of the swing dancing scene in Los Angeles. The Internet became my source of information. I became part of an online community of swing dancers. I joined a forum where people gathered to post announcements and talk about nothing more than swing dancing. The Internet provided me the opportunity to get hooked into the dancing community via an online community. After the first couple of years at CSUN, upon my graduation in Deaf Studies, I obtained a personal computer with a modem and signed up for America Online. I was now able to have both e-mail and access to the Internet from the comfort of my own home. And now, for the last two years, I have been using this AOL account almost exclusively for e-mail. I never use the Internet unless absolutely necessary and find myself getting impatient and agitated when I can’t find what I am looking for or when I come to a screen saying "Page Not Found.

Audience Reactions and Attitudes to Much Ado About Nothing Essay

In â€Å"Much Ado About Nothing† Shakespeare captures many of the social standards in Elizabethan society whether they are fair or not. In Act 2 Scene 2 of the play, Don John plots to frame Hero and make it look like she has been unfaithful to her fiancà ©e the night before they are due to marry. This then sparks outrage from the male characters, which in turn shows a male bias in their society. The way Hero’s father takes a mans word over hers shows how strong trust and respect was for men compared to that shown towards women. Even though this play was written in a time when England was ruled by a woman (Queen Elizabeth) society was still dominated by men. Even Queen Elizabeth said she had the stomach of a man, implying that men are tougher than women purely because they are of a different gender. This left women with two roles in society; they were seen as prostitutes to be bought or wives to be owned. On top of this, women were also used as scapegoats for the faults of the world, this idea spawns from the beginning of time and Eve eating the apple and having mankind banished from the garden of Eden. This attitude is similar to the opinion of the Nazis towards the Jews, blaming the Jews for all the bad and evil in the world. At the start of act 4 scene 1, the arranged marriage between Claudio and Hero is about to take place, Claudio, Don Pedro and Don Pedro think that Hero has been unfaithful and is no longer a virgin. However, they have been misled and the other characters are not yet aware of their feelings. As Claudio turns down Hero at the altar and lets everyone know, men’s attitudes towards women become clear. The first person to speak on the subject is Claudio, he turns to Leonato and says â€Å"Give me this maid your Daughter?† He is making a statement because as far as he knows Hero is not a â€Å"Maid† (virgin), he is challenging Leonato because he has been given Hero like a gift but she is not what he expected. This quote is also interesting because is shows us that women are seen as possessions of their fathers. Claudio has to ask for permission from her father to â€Å"give† Hero to him, almost like a present. This would spark a  reaction with a modern day audience as women are now seen as equals and independent in society. However, in Elizabethan times this is what they were used to so they would probably not give it a second thought. Claudio then refers to Hero as â€Å"a rich and precious gift,† this confirms what I have already said that women were seen as possessions to be given to people. Claudio then goes on to say, â€Å"Give not this rotten orange to your friend.† He is using the orange as a metaphor for Hero, a rotten orange can appear fine until you peel it or taste it and see what is inside. He is saying that Hero appeared to be an innocent virgin but now he has seen that maybe that isn’t true. He is saying she is â€Å"spoilt goods.† However, this quote also shows us that Claudio is putting part of the responsibility of Hero’s actions onto Leonato, he is saying that Leonato should not have given a woman who isn’t a virgin to him. Because Leonato gave Hero to Claudio like a gift he is now responsible for any mishaps she may have with Claudio. This really shows how women were thought of as objects, that a woman could be compared to an orange, which is amongst the lowest forms of living things. I think this would have an impact on a modern audience as they would be more sensitive towards sexist treatment of women, and women being treated as objects. Claudio then uses Dian and Venus to show what he thinks of Hero. He says that Hero â€Å"seemed† like Dian, Dian was a true virgin so he is using this imagery to show that he feels Hero deceived his as being a virgin. He then uses Venus the adulteress as the other extreme, saying that Hero is more intemperate than Venus. These two extremes give us a scale on which to picture Hero he has given us the best (Dian) and the worst (Venus), he has then left us thinking that Hero is at the worst end of the scale with Venus. Claudio later says, â€Å"like a maid she blushes there,† he is saying she is deceitful, pretending to be a virgin when she isn’t. I think this would be effective both modern and Elizabethan audiences because of the frustration it makes an audience feel. The â€Å"dramatic irony† would be especially popular with an Elizabethan audience as it was a popular form of humour at the time and common in Shakespeare’s comedies. The audience really feel Hero’s frustration because they know that she is innocent and have to watch on helplessly as Claudio makes a huge mistake because the audience know more than his character does. One of the first real comments on the situation by Leonato is, â€Å"Hath no man’s dagger here a point for me?† This really shows the shame Leonato feels that his own daughter has done such a thing; it also shows how he feels it is all about him. He is not worried about his daughter but by how she has affected him, she has damaged his honour and pride, these things would have been very important in Elizabethan times and not something you can get back as easily as you can lose. This shows the importance in Elizabethan England of the family name and how you can be judged by your name. It also shows the responsibility Leonato has for giving his â€Å"wanton† daughter to Claudio, he wants to kill himself due to the shame and guilt she he has brought upon himself because of his daughter. Leonato next says, â€Å"death is the fairest cover for her shame,† he feels that she has brought such shame upon herself that it would be fair for her to die for it. This woul d have a large impact upon an audience, for them to hear a father saying his daughter should die before he even hears her side of the story or even before he really finds out what has happened. It is especially effective because the audience knows that she is innocent and the fact that she is being told she should die for her crime leads the audience to think that there is no justice. However, an Elizabethan audience may sympathise with Leonato as they would be likely to react in a similar way if it happened to them, as this play is a real reflection of Elizabethan society it would have happened therefore his situation would be very real to them. Leonato then has a long speech in which he seems to no longer love his daughter, where shortly before the wedding he could not have been happier for her. This really shows the strength of opinions on pre-marital sex and adultery in Elizabethan times. Probably one of the most shocking and effective statements made by Leonato in his speech is, â€Å"Myself would on the reward of reproaches strike at thy life.† If it was not shock enough to an audience to hear Leonato say he it was fair for his daughter to die, he is now saying that he is willing to kill her himself. Especially in modern times it is almost unthinkable for a mentally sane father to threaten his daughter with death when he cannot be 100% sure that she is guilty of what is a unthinkable crime. This shows us two things,  firstly it shows yet again how strong views were on adultery, but it also shows us how strong a man’s word was against a woman’s in Elizabethan England. Leonato is threatening to kill his daughter purely on the word of a few men who he does not know that well, he wont believe his daughter who he has raised and known all her life. It is like he has just switched of all his love and trust for his daughter, this shows that he values his respect and honour more than he values her. Friar Francis is interesting in this scene because as a vicar he is maybe expected to speak the side of the church, which we would expect to be very against what Hero has allegedly done. However, Friar Francis plays the middle man in the way that he does not condone what she has supposed to have done. But he sees that she may not be guilty of the accusations so he defends her when almost nobody else will. This may be to represent the church as a voice of reason and as a comfort in times of trouble, the belief that if she has done wrong then God will right it himself. The first thing Friar Francis says during the accusations is â€Å"have comfort lady,† the audience will be relieved that someone is seeing reason and will possibly warm to the character of the Friar. However, they might be slightly shocked to see this comfort coming from a man of the church as it does say in the bible â€Å"thou shalt not commit adultery.† After everyone has said what they think about Hero , Friar Francis interrupts with â€Å"hear me a little.† The effect of this is almost like a hero coming to the rescue, he has seen that Hero is defenceless and he now steps in to reason with everyone and protect her. He refers to her â€Å"maiden truth,† this shows us that he really has faith in her as a person while everyone else takes the word of the princes. By â€Å"maiden truth† he is saying that she is telling the truth when she says she is a virgin, this is interesting from an audience perspective because they would expect these words to come from her father. Friar Francis then makes a plan to save Hero’s dignity. He decides that they should pretend that she died with shock or shame and then Claudio would feel guilty and love her more than when she was alive. They can then reveal that she is still alive and they can happily marry again. At this point it becomes clear why Friar Francis has to be the one to save Hero, it is because he is a trusted man in society and seen as a respectable figure of the church. This puts him in a  position to advise people as Benedick says after the Friar’s speech, â€Å"Signior Leonato, let the Friar advise you.† It works as they all agree with his idea and the Friar has saved Hero from shame making himself almost the true Hero of the play. When you analyse Hero’s self defence and appeal of innocence it becomes less surprising that she was thought to be guilty and that the mans words were taken over hers. Her defence is weak and spoken with little passion or convincing tone, she says very little to her defence except that she is guilty but cannot prove it or offer any alternative solution to how the mistake came about. She says, â€Å"O God defend me,† this shows how helpless she is that she is calling upon God to help her because she cannot help herself. This may make an audience angry because she is so weak, especially in a modern audience where women are seen as stronger and more independent. Women were seen as the weaker gender in Elizabethan society but with Hero’s terrible defence and cry to God for help, she is causing herself to be treated weak because she is acting in that way. I think that audiences would also be amazed at the happy ending to the play when Hero appears to accept the mistakes that were made and forgive for the insults they made without a second thought. This really shows how weak she is and how she is expected to react as a female. An audience would be expecting her to make some kind of speech at the end along the lines of â€Å"I told you so† or something on the way she was appallingly treated by most of the men. However, she says nothing and is happily married to Claudio forgetting about anything that was previously said. I feel this would shock an audience because it gives the message that you can treat women like that and get away with it because they are in no position to argue back. An Elizabethan audience may expect her to be submissive because it is what they are used to, however, a modern audience would be disappointed in the message she is giving. They would be especially disappointed because they have seen Beatrice act strongly and independently against the stereotype placed on women, this makes Hero look even worse because if Beatrice has managed to be strong then there is no reason why Hero cant do the same. I found that what was most shocking in this play was not how the Hero was treated, but how she was representing women and just took all the mislead abuse without any kind of defence or anger. What I found interesting about this play is how it appears to have different appeals for a modern audience and an Elizabethan audience. I felt that a modern audience would be very sympathetic on Hero’s side but also slightly angry at her lack of defence and self respect. They would also feel shocked by the male characters and their treatment of Hero as a woman. However, an Elizabethan audience would sympathise with Hero because she is innocent but they would not be shocked by her lack of defence as that is what they would expect in their society. Similarly, they would sympathise with Leonato and the men where we would be angry, this is because they would be used to a similar reaction in their lives if a woman was thought to have been unfaithful. They would understand the shame Leonato feels in the play. This shows how amazingly Shakespeare can cross not just generation but centuries, his plays are made to entertain a wide range of people with different beliefs and social or religious views. I believe that it is because of this that Shakespeare is seen as one of the greatest playwrights of all time.

The Job Description of A Budgeting Manager

One of the most important functions that budgeting accounts for is the planning function1. We will be arguing for the importance of the planning function in the overall budgeting activity and will be arguing for the many ways the budgeting planning function is coordinating with the company's strategic planning. First of all, the planning function in terms of budgeting refers to the planning activities that the company, starting with the financial department, needs to (1) determine what the company's long-term strategy is, (2) determine what projects bring most added value to the company and (3) determine what priority these projects should have. Let's refer to each of these steps in part and determine how they impact the budgeting strategy of a company. The long-term strategy for a company is essential in determining the overall objective of a company. For the long run, this may be increasing the volume of sales or increasing the market share or promoting the company's image. In any case, these differ in terms of the projects they will imply and the ways they will be affecting the budgeting strategy. For example, increasing sales will perhaps only include increasing spending on advertising and the promotion budget, while promoting the company's image may include costly promotion campaigns that will have a significant impact on the company's budgeting management. The second issue is a project portfolio management issue. The economic theory tells us that the resources are always limited, while the needs are not. Applied in this particular case, this means that we are always likely to have a greater number of projects we will wish to perform than the financial resources the company will have at a certain point. This is where the selection issue, corroborated with the budgeting strategy comes in the game. The top management, working with the financial department, will need to establish which are the projects that bring highest added-value to the company and spend the company's budget on those alone. The selection phase can only come hand in hand with a proper planning of the budgeting activity. On one hand, we have the projects the company wishes to perform, on the other, we have the budgeting restrictions. In terms of budgeting planning, the company and the top management needs to ensure that projects deriving from the current selection will also have sources of financing. An example will properly elucidate this perspective. We will simply take a software project. In the beginning, the primordial activities refer to selecting the working team and creating a project on which work will be done (following the customer's requirements). On the other hand, while the initial part of the project is strictly related to the programming stage, one mustn't ignore the fact that, after the project is completed, a tester also needs to be hired in order to test the project's performances. This means that the initial budgeting scheme will need to be created so as to include several other subsequent factors, factors that are likely to appear at a certain time in the future. Finally, the third phase of the selection phase, correlated with the budgeting procedures, involves deciding on the projects' priority. This is basically an issue of deciding which of the projects bring added value to the company and to the company's activities. This means that planning your budgeting policy also needs to consider the future plans in the company. If the company will want to develop different areas into the future, then the budgeting campaign needs to be designed so as to cover any future needs of the company. This is practically what the planning function in terms of budgeting refers to. The argumentation we have previously presented practically comes forth so as to demonstrate the close connection existing between budgeting and budget planning and the company's overall planning strategies. Indeed, the budgeting policies serve to help the company fulfill its long-term plans and projects, as well as short-termed ones. In this sense, the company planning strategy needs to be fully correlated with the budgeting planning, otherwise there will be no financial support for those plans. Among the management functions we already know about we can also include the budgeting function because, in my opinion, all the others cannot properly function without it. You cannot have a successful planning or organizing within a company without correlating these with the budgeting function, in order to obtain the realistic backup of any project. Budgeting and planning go, in this sense, hand in hand, and you cannot really have one without the other in the company.

Essay Sample on Ancient Athenian Politics and Its Effects on Ancient Greek Civilization

Essay Sample on Ancient Athenian Politics and Its Effects on Ancient Greek Civilization Current essay deals with important and at the same time very problematic issue of ancient Athenian politics and its effect on the stability of Ancient Greek Civilization. There is no denying the importance of the fact that Ancient society produced the dominant patterns of modern politics and democratic rule in the first place. Athenian democracy was one of the main factors that created the patterns of polity, politics, law and society in Ancient World and strongly influenced political traditions of Ancient Greece. Athenian democracy was a historical formation which developed in close link with other existing forms of governance such as tyranny, oligopoly etc. prevailing in Sparta and other Greek city-states (Hasebroek). Besides this as this essay will try to show Athenian democracy and political mechanism existed in difficult conditions of permanent assault of tyranny waves as in the case of 30 tyranny and Pissistratus rule. Furthermore, one should remember that external threats to Athenian society and its intrinsically aristocratic nature were those factors which significantly hindered the development of genuine democracy and made it unstable and non-inclusive. Athens was a leading city-state which formed larger Ancient Greek civilization and engaged in external political relations with other states such as Persia, Sparta, Egypt etc. Hence, deep difference between Athenian internal and external politics were in place and it makes necessary to examine these controversies in detail. Athenian politics are to be analyzed historically by integrating culture, traditions, and main events in the wider fabric of analysis. As a result we hope to produce genuine research addressing the role of Athenian politics and Athenian democracy in shaping the contours of Ancient Greek Civilization and affecting political stability in this particular region. Ancient Greece and the formation of Athenian politics The formation of Athenian political system and the mechanism of internal and external politics were deeply affected by two opposite trends which were characteristic of Ancient Greece civilization: the opposition between democracy and tyranny (Stanton). The social structure of Athenian society was very complex and differentiated which created significant instability affecting Athenian and other city-states politics. Therefore the problems of stability/instability should be discussed through the prism of Athens state formation, its political ties with other city-states and civilizations. But before analyzing these issues it is necessary to outline the basic developments in Athenian political and social realms which resulted in the creation of classic Athenian society. There is no denying the importance of the fact that dominant position of Athenian state in Greek politics affected relatively independent development of Athenian civilization which was characterized by permanent struggle between tyranny and democracy. Opposition between aristocratic clans represented by rich strategists, rich people and statesmen and demos was particularly bitter contributing to the instability not only in Athenian society but also in other Greek city-states (Kaloudis 239). As Plato’s dialogue Euthydem suggests Athenian aristocracy was among the most aggressive elements in Athenian society whose lust for power and wealth pushed them to wage wars and conquer other states and peoples (Plato 123-156). These aristocratic wars were one of the main factors of instability in Ancient Greece but notwithstanding this fact they should be regarded as a crucial element of Ancient Greece stabilization under the reign of Athenian state. Here, as Wood claims we have a dialect ical unity of stability and instability in Ancient Greece which are not to be analyzed separately (Wood 145). The formation of Athenian democracy was not a linear process but it followed several important stages connected with the policies of Solon, Cleisthenes and Ephialtes who one of the greatest Athenian politicians (Hignett). During Solon times before his reforms Athenian state was controlled by tyrannoi (tyrants), the representatives of noble people who fought for power against each other and neglected the interests of ordinary people. Theagenes in Megara for instance usurped power on behalf of Ionian minority and Cleisthenes the Athenian noblemen tried to seize the power in 632BC but failed (Stanton 67). Before Solon the political relations in Athenian society were controlled by aristocratic organ Areopagus which was formed on the basis of nobility, social status and wealth. It chose nine archons who ruled the country on its behalf. There was no way for archons to be hold accountable for their actions, hence using Aristotle classification this model of governance can be described as oligopoly (Barnes). Solon thus tried to redress situation and pursued constitutional reforms seeking to install stable system of aristocratic democracy (Hignett). Solon created the Council of Four Hundred which significantly enhanced the political representation of lower class people in Athenian society. He divided society in four distinct groups depending on the level of their social status and ascribed different political and social rights to them. Solon released all Athenians citizens who were enslaved and provided them with some civil and political rights. Besides this Solon placed the order on political practices and procedures and introduced economic legislation which provided premises for transformation of Athens into one of the leading city-states and becoming Ancient Greece hegemony along with Sparta and Corinth. It goes without saying that Solon’s reforms were directed by large on combating sectarian rivalries among aristocracy which hindered the effective development of Athenian state. Hence it may be claimed that stabilization though temporal was important in terms of Athens enhancing their political positions visvis other Ancient Greece states (Ober and Hendrick 45). The democratic consolidation continued with Ephialtes weakening of Areopagus powers by putting its influential leaders to trial. His political reforms created preconditions for considerable limitation of Aristocratic power in Athens. For instance, Areopagus before Ephialtes had authorities to process crime trials without jury but new reforms allowed citizens to be represented in jury and influence its decisions through the mechanism of voting and discussion (Stanton). These democratic achievements considerably affected political and social relations within Athenian society and spread far beyond the territory of Athenian states. These reforms became the triggers of mass upheavals and clashes between aristocracy and demos in other city-states such as Sparta (where helots fought against repressive tyranny) and Corinth (Pomeroy, Burstein, Donlan, and Tolbert). All these once again prove the fact that the political situation in Athenian society affected other political units of Ancient Greece and this was even without any significant channels of communication that we have nowadays (Hasebroek). Though these reforms were cancelled by thirty tyrants they resulted in a significant political progress and formation of Athenian political and Ancient Greece political culture. Pericles rule is very important since he introduced some important political innovations which significantly affected the stability of Athenian democracy. Under his rule the aristocratic privileges were sufficiently reduced through the reform of citizen status. He prohibited aristocracy from making marriages outside Athens if they wanted to stay Athenian citizens. This move was designed to equalize the political status of all Athenian citizens. Besides this one of his most important innovations was paying members of jury for the time spent performing civil responsibilities. This also helped encourage more people to engage in the judicial system of Athens. Pericles was a proponent of populist policy by defending political and social rights of poor classes. Pericles started his political career with allowing poor people to watch theatrical performances (Hignett 145-167). Later he abolished discriminative laws prohibiting low-income citizens from taking public office positions and considerably widened the scope of humble people privileges. There is no denying the importance of the fact that these decisions were politically motivated by Athenian external politics. As Samons notes, Pericles connected widening democratic rights of demos with Athenian political dominance in Ancient Greece since he regarded demos as a crucial element of Athens military strength (for instance Athenian fleet was formed from low-class people) (156). Hence, these democratic reforms shouldnt be regarded as a one-folded phenomenon. In contrast political developments in Athenian society were deeply connected with Athens political ambitions of controlling all Ancient Greece and even projecting its dominance to other nations. The motivation of low-class people was one of the main factors contributing to forming well-equipped army which took part in Greece-Persia and Peloponnesian wars. To sum it up, political development of Athens influenced much the development of Ancient Greece and its stabilization under Athens rule. Through political and economic instruments such as trade and commerce Athens projected their political and cultural patterns to other city-states and formed different alliances that served their political interests. Later as the current essay will show the deterioration of Athenian democracy and losing its military strength will result in entire Ancient Greece destabilization and its successive demise as a constellation of independent states. Political system of Athens perished with the invasion of Macedonians in 322 BC. Problems of Athenian democracy as the source of political instability Political developments within Athens were often affected by situation in Ancient Greece. The failures of Athenian democracy such as the rule of 30 tyrants should be regarded as a consequence of Peloponnesian war between Sparta and Athens which increased political weight of Athenian aristocracy using difficult political conditions to neglect democratic rights of ordinary people. The aristocratic group named 400 hundred usurped power in 411 BC and considerably reduced the size of electorate and introduced property census on the franchise (Hasebroek). These representatives of aristocracy claimed that democracy is ruining for Athenian political preeminence in Athenian world since only aristocracy has sufficient knowledge and skills to take necessary and reasonable decisions. The absence of meritocracy was regarded as the main cause of the Athens power decline but in fact this aristocratic discourse was nothing else than the desire to reassert the power of nobility (Ober). Further deter ioration of Athenian democracy continued even after it was reinstalled. Furthermore, there is no denying the importance of the fact that Athenian democracy was aristocratic in essence though some major democratic reforms were made by Solon and Pericles (Pomeroy, Burstein, Donlan, and Tolbert 67). It is connected with Athenian imperial status in Ancient Greece which prohibited low-class citizens from participating in ‘big politics’. Elites controlled political agenda being dominant in decision-making on economy, strategic matters and distribution of imperial wealth. Besides this they dominated numerically in legislative organs and judicial system. Athenian democracy was considerably flawed in terms of peoples representation. Only adult Athenian men were eligible in participating in political matters and had a right to vote (Pomeroy, Burstein, Donlan, and Tolbert 57). Thereby the majority of Athenian population was excluded from the political process. Those excluded were children, metics (resident foreigners), slaves, and those who didnâ€⠄¢t possess enough money to pay debts to the Athenian state. To sum it up it should be said that Athenian democracy was considerably flawed from the start and its further deterioration was connected with reducing regional stability as a result of wars between Greek cities and other states. Athens political positions in Ancient Greece and its implications for stability The dominance of Athens and other influential city states such as Sparta, Thebes and Corinth were important consolidation and stabilization factor in the development of Ancient Greece civilization and was destabilizing at the same time. Athens united many small tribes, cities and villages under its rule making them more safe visvis Persian and other invaders. This dominance resulted in a creation of strong, centralized state which projected military strength to defend the borders of other allied Ancient Greek city-states which in its turn rose the influence of Athens among them and alien cultures. Besides this the political dominance of Athens was one of the main reasons for the flourishing economy and trade in Ancient Greece since Athens required various goods for the development which in its turn stimulated the economic development of other Greek city-states (Powell 56-78). Among the basic sources of instability in Ancient Greece connected with Athens were their permanent rivalry with Sparta which was a dual militaristic monarchy controlled by landed aristocracy. It dominated other cities of Peloponnesus. In 510 Spartan troops took active part in overthrowing Athenian king and installing their own oligarchs which became one of the triggers of further Ancient Greece instability resulting in Peloponnesian wars between Sparta and Greece (Powell). Political influence of Athens was exerted through the Delian League which in fact constituted Athenian empire (a number of satellite states serving Athenians interests). The growth of domination in this League after the end of Greco-Persian war resulted in worsening political relations with Sparta and entire Peloponnesian League which finally led to Peloponnesian War (431-404 BC). This war resulted in greater instability and the growth of authoritarian trends in Athenian society. Its naval supremacy was challenged by Sparta and it faced up with the threat of bankruptcy as its trade relations with the outside world were halted. As a result of Sparta’s ultimatum Athens have lost all their overseas territories and fleet. The decline of Athenian power led to the invasion of Macedonians which installed there rule in Balkans. The dispossessions of Athens resulted in recession of its economy, agriculture and state infrastructure. Moreover, Athens lost all their overseas possessions which was particularly destructive if we remember that Athens were an imperial state. Finally, with the decline of Athens came the end of Ancient Greece political status as it was invaded by Romans in 145BC. Conclusion Current essay showed that Athens political system was an important factor in its longstanding preeminence in Ancient Greece. It transformed this region into the centre of military, cultural and economic development. But the relations among city-states were very difficult which caused permanent wars and instability used by alien states as a precondition for conquering Ancient Greece. Hence, it may be said that historical logic of this period shows that Athens were an important factor in Greek politics and their decline resulted in the demise of Ancient Greece civilization.

Biography of Lyndon B. Johnson, 36th U.S. President

Biography of Lyndon B. Johnson, 36th U.S. President Lyndon Baines Johnson (Aug. 27, 1908–Jan. 22, 1973) was a fourth-generation Texas rancher, who became the 36th President of the United States on the death of his predecessor John F. Kennedy. He inherited a painfully divided country and is known both for his failures in Vietnam and his successes with civil rights. Fast Facts: Lyndon B. Johnson Known For: 36th President of the United StatesBorn:  August 27, 1908, Stonewall, Texas.  Parents: Rebekah Baines (1881–1958) and Samuel Ealy Johnson, Jr. (1877–1937).Died: January 22, 1973, Stonewall, Texas.Education: Southwest Texas State Teachers College (BS, 1930), studied law at Georgetown University from 1934–35.Spouse: Claudia Alta Lady Bird Taylor (1912–2007).Children: Lynda Bird Johnson (b. 1944), Luci Baines Johnson (b. 1947). Early Life Lyndon Johnson was born on Aug. 27, 1908, on his fathers ranch in rural southwestern Texas, the first of four children born to Samuel Ealy Johnson, Jr. and Rebekah Baines. His father was a politician, farmer, and broker, and  Rebekah was a journalist who graduated from Baylor University in 1907- a very rare circumstance. When Lyndon was born, his politician father was concluding his second term on the Texas legislature: His parents would go on to have four more children, three girls, and a boy. Johnson was a fourth-generation Texan: at the age of forty, Johnsons great-grandfather Robert Holmes Bunton came to what was then the Republic of Texas in 1838 to be a cattleman.   Lyndon worked throughout his youth to earn money for the family. His mother taught him to read at an early age. He went to local public schools, graduating from high school in 1924. He spent three years traveling around and working at odd jobs before going to the Southwest Texas State Teachers College in San Marcos. Introduction to Politics While Johnson was in college, he worked as a gofer for the president of Southwest Texas State, and he was the summer editor of the student paper. He used his credentials to attend his first Democratic convention in 1928,in Houston, with his then-current girlfriend, who ended the relationship shortly afterward.   Johnson dropped out of school to take a teaching job in a Mexican school in the Cotulla School District, where he was determined to build a sense of hope in the beaten-down children. He developed extracurricular activities, arranged a parent-teacher group, held spelling bees and organized a band, a debate club and baseball and softball games. After a year he left and returned to San Marcos and finished his degree in August of 1930.   During the depression, his family was hit hard. Johnson was a volunteer for Welly Hopkins, who was running for the state senate, and he obtained a job teaching public speaking and business arithmetic in Houston. But a position as what would today be called a staff director for a newly elected Texas congressman Richard Kleberg opened up, and Johnson was tapped to fill it. He arrived in Washington DC on Dec. 7, 1931, which is where he made his home for most of the next 37 years. Marriage and Family As Klebergs secretary, Johnson made several trips to and from Texas, and it was on one of those trips that he met Claudia Alta Taylor (1912–2007), known as Lady Bird, the daughter of a well-to-do Texas rancher, and holding degrees in journalism and history from Baylor University. They married on Nov. 17, 1934. Together they had two daughters:  Lynda Bird Johnson (born 1944) and Luci Baines Johnson (b. 1947). Political Career and Presidency While in Washington, Johnson lobbied hard for more power, making a few enemies and not finding much success. He was offered a partnership in an Austin Law firm if he obtained a law degree, and so he enrolled in evening classes at Georgetown University. But it didnt suit him and after a year he dropped out.   When he was named the Director of National Youth Administration in Texas (1935–37), he left Klebergs office. Building on that, Johnson was elected as a U.S. Representative where he served from 1937–49. While a congressman, he joined the navy to fight in World War II. He was awarded the Silver Star. In 1949, Johnson was elected to the U.S. Senate, becoming the Democratic Majority Leader in 1955. He served until 1961 when he became Vice-President under John F. Kennedy. On November 22, 1963, John F. Kennedy was assassinated and Johnson took over as president. The next year he was nominated to run for the Democratic Party for the presidency with Hubert Humphrey as his vice-president. He was opposed by Barry Goldwater. Johnson refused to debate Goldwater. and easily won with 61 percent of the popular vote and 486 of the electoral votes. Events and Accomplishments Johnson created the Great Society programs, which included antipoverty programs, civil rights legislation, the creation of Medicare and Medicaid, the passage of some environmental protection acts, and the creation of laws to help protect consumers. Three important pieces of  Civil Rights  legislation signed into law by Johnson were as follows: 1. The  Civil Rights Act of 1964, which did not allow  discrimination in employment  or in the use of public facilities. 2. The Voting Rights Act of 1965, which outlawed discriminatory practices that kept blacks from voting. 3. The  Civil Rights Act of 1968, which outlawed discrimination for housing. Also during Johnsons administration,  Martin Luther King, Jr. was assassinated in 1968. For her part, Lady Bird was a huge proponent of the beautification program to try and improve the way America looked. She was also quite a savvy businesswoman.  She was awarded the Medal of Freedom by President Gerald Ford and the  Congressional Gold Medal by President Ronald Reagan. The  Vietnam War  escalated during Johnsons administration. Troop levels which started with 3,500 in 1965 reached 550,000 by 1968. America was divided in support of the war. America, in the end, did not have a chance of winning. In 1968, Johnson announced he would not run for reelection in order to spend time to get peace in Vietnam. However, peace would not be achieved until  President Nixons  administration. Death and Legacy Johnson retired on January 20, 1969, to his ranch in Texas. He did not return to politics. He died on January 22, 1973, of a heart attack. Johnsons legacy includes his costly error in escalating the war in Vietnam in a vain attempt to win it and the fact that he eventually had to turn to peace when the U.S. was unable to achieve victory. He is also remembered for his Great Society policies where Medicare, Medicaid, the Civil Rights Act of 1964 and 1968 and the Voting Rights Act of 1965 were passed among other programs. Sources Caro, Robert A. The Passage of Power: The Years of Lyndon Johnson. New York: Random House, 2012.  Ã‚  -. The Path to Power: The Years of Lyndon Johnson. New York: Random House, 1990.Goodwin, Doris Kearns. Lyndon Johnson and the America Dream. New York: Open Road Media, 2015Peters, Charles. Lyndon B. Johnson: The American Presidents Series: The 36th President, 1963–1969. New York: Henry Holt, 2010.

Macroeconomics and Microeconomics - MicroFB Essay

Macroeconomics and Microeconomics - MicroFB - Essay Example For example, when a 20% increase in vehicles results from a 20% increase in investment on manufacturing equipments, then the firm could be experiencing constant returns to scale. Question three Economic profit refers to the difference between total revenue and opportunity cost. For instance, Pesso invests $1,000 to begin a business in a particular year which she earns $1,200 in profits. But if she had not begun the business she could have earned a salary of $4,500. In such a case, the economic loss is $250 (1,200 – 1000 – 450). Question four Law of diminishing marginal returns states that as new workers continue to increase, the marginal product of any additional worker will at some instant be lower than that of the previous worker. For instance, if a company employs workers to produce its commodities, at some point in time each additional worker will provide lower output than the previous worker, if all other factors remain unchanged. Question five Marginal product of labor refers to the change in output resulting from hiring an additional worker. For example, if a pizza restaurant with three employees makes 100 pizzas in a day and 120 pizzas with four employees, the marginal product of labor is 20 pizzas (120 – 100). ... For instance, a firm that has spent $10 million acquiring a machine which is not yet installed has to consider the $10 million sunk because it cannot recover the money. Question eight The principal-agent problem refers to the conflict of interest that occurs when an agent is hired by a principal to conduct specific tasks that are extremely costly but in the best interest of the principal. For example, the problem will occur when a company hires a rating agency to set a credit rating and the agency is objective to give a higher rating than that which is deserved in fear of losing future contracts. Question nine Equilibrium price refers to the market price where demand of a good equals the supply. For example, when a market is able to produce 100 pizzas which exactly equal the demand of the pizzas, the price at which the pizzas are offered is the equilibrium price. Question ten Tragedy of the commons can be defined as the dilemma that arises from the situation in which many individuals , working independently and only consulting own interest, will eventually diminish a shared scarce resource even when it is apparent that the action is not in the long-term benefit of all. For instance, if the activities of a mining company affect a natural spring that is the source of water for local people and animals, the occurrence is a tragedy of the commons. PART THREE Question one Economies and diseconomies of scale refer to two completely opposite models. Economies of scale occur at a point when the quantity produced by a firm offers the firm the low cost advantage and the firm earns the minimum cost advantage. Conversely, diseconomies of scale occur at a point when the firm produces less than the amount of the input costs and the

Economic book summery on the book not a Drop to drink by ken Midkiff Essay

Economic book summery on the book not a Drop to drink by ken Midkiff - Essay Example Outstanding examples are the Ogallala river that extends from Nebraska to the Texas panhandle (Midkiff, 22), the Colorado River {â€Å"once a mighty, roaring river† (Midkiff, 9)} and the Rio Grande river, all of which fizzle out into arid river beds before they reach they designated destination – the Gulf of Mexico. Midkiff endorses the intensity of the problem by explaining more about one of these 3 rivers - the Ogallala - calling the area on its banks as â€Å"quite literally the nation’s bread basket† and warning that areas like Dumas {population 13,000} will run out of water from the Ogallala in 30 years’ time (Midkiff, 28). The second cause is water contamination. Midkiff describes how water from taps in Atlanta is so contaminated that it has to be boiled to become fit for human consumption. The main reason is pollution and fresh water depletion that has permitted salt water to enter into areas it has never flowed (Midkiff 61). The shortage of fresh water depletion automatically negates a possible solution to reduce depletion of aquifers by pumping fresh water into them (Midkiff, 152). The third cause is wrong choice of crops and wrong encouragement of such choice. Midkiff points out that whereas about 50% of the U.S. population were engaged in the agricultural profession in the early 1900s, that number has dwindled to just 1% at present (Midkiff, 36). While also blaming growing of crops like soya beans, corn and wheat on lands where irrigation is fed by depleting aquifers (Midkiff, 52), he heaps heavy blame on the â€Å"water guzzling† rice crop (Midkiff, 50), saying rice is a wrong crop choice as it needs a huge amount of water. For example, in Central Valley, California, rice has largely contributed to the water shortage; the Valley, once previously a desert, blossomed with agricultural abundance brought about by the supply of underpriced water as a result of old