Tuesday, November 26, 2019

The Other Side of Truth Essays

The Other Side of Truth Essays The Other Side of Truth Essay The Other Side of Truth Essay ‘The Other Side of Truth’ is a novel written by author, Beverly Naidoo. The novel is mainly based on telling the truth and lying, and when it is right to do either. In the book are various types of situations where characters need to make a decision on whether to lie or to tell the truth. Beverly Naidoo provides the correct decisions and the wrong ones in the story. Naidoo shows in the novel, when it is ok to lie and when it is not. Naidoo suggests that if your life is in danger it is considered ok to lie, but if you assume your life is still in danger when it’s actually not you might accidently lie to the wrong people. Naidoo displays this when Sade and Femi find the father in a detention centre and ask him why he is not able to come back home with them. Folarin says that he cannot because Sade lied about who they were to the officials. Now the officials do not believe Folarin when he says that they are his kids. There is a strong message that sometimes one lie is ok in the right circumstances, but consecutive lies could end you up in a lot of trouble. An important quote from the book states this idea, â€Å"A lie has seven winding path, the truth has one straight road. pg. 148. Lying could be a very dangerous thing, telling the truth is the best way to go, but even the truth can land you in trouble. The truth is a very powerful thing, it is important that you tell it, this is portrayed by Naidoo in her novel. Naidoo has based the whole novel around the truth. In the story it is used when it should and shouldn’t be. Folarin Solaja is the main protagonist in the novel when it comes to the im portance of telling the truth. He states several quotes about how important in his mind, it is to tell the truth.

Saturday, November 23, 2019

Definition of Social Distance in Psychology

Definition of Social Distance in Psychology Social distance is a measure of social separation between groups caused by perceived or real differences between groups of people as defined by well-known social categories. It manifests across a variety of social categories, including class, race and ethnicity, culture, nationality, religion, gender and sexuality, and age, among others. Sociologists recognize three key types of social distance: affective, normative, and interactive. They study it through a variety of research methods, including  ethnography and participant observation, surveys, interviews, and daily route mapping, among other techniques. Affective Social Distance Affective social distance is probably the most widely known type  and the one  that is the cause of great concern among sociologists. Affective social distance was defined by Emory Bogardus, who created the Bogardus Social Distance Scale for measuring it. Affective social distance refers to the degree to which a person from one group feels sympathy or empathy for persons from other groups. The scale of measurement created by Bogardus measures this by establishing the willingness of a person to interact with people from other groups.  For example, an unwillingness to live next door to a family of a different race would indicate a high degree of social distance. On the other hand, willingness to marry a person of a different race would indicate a very low degree of social distance. Affective social distance is a cause of concern among sociologists because it is known to foster prejudice, bias, hatred, and even violence. Affective social distance between Nazi sympathizers and European Jews was a significant component of the ideology that supported the Holocaust. Today, affective social distance fuels politically motivated hate crimes and school bullying among some supporters of President Donald Trump  and seem to have created the conditions for his election to the presidency, given that support for Trump was concentrated among white people. Normative Social Distance Normative social distance is the kind of difference we perceive between ourselves as members of groups and others who are not members of the same groups. It is the distinction we make between us and them, or  between insider and outsider. Normative social distance is not necessary judgmental in nature. Rather, it can simply signal that a person recognizes differences between herself and others whose race, class, gender, sexuality, or nationality may differ from her own. Sociologists consider this form of social distance to be important  because it is necessary to first recognize a difference in order to then see and understand how difference shapes the experiences and life trajectories of those who differ from ourselves. Sociologists believe that recognition of difference in this way should inform social policy so that it is crafted to serve all citizens  and not just those who are in the majority. Interactive Social Distance Interactive social distance is a way of describing the extent to which different groups of people interact with each other, in terms of both frequency and intensity of interaction. By this measure, the more different groups interact, the closer they are socially. They less they interact, the greater the interactive social distance is between them. Sociologists who operate using social network theory pay attention to interactive social distance and measure it as the strength of social ties. Sociologists recognize that these three types of social distance are not mutually exclusive and do not necessarily overlap. Groups of people may be close in one sense, say, in terms of interactive social distance, but far from another, like in affective social distance. Updated by Nicki Lisa Cole, Ph.D.

Thursday, November 21, 2019

Wellness plan Essay Example | Topics and Well Written Essays - 1000 words

Wellness plan - Essay Example As an individual, daily exercise has been part of my life since my childhood in my home country [United Arab Emirates]. I have to admit, however, that my university studies in the United States have had a bit of disruptions on the daily exercise hours. I had to reorganize myself for better grades in my first year, and as such, a lot of gym time had to be slashed to keep the scholarship grants flowing. The fear of failing myself and my parents who were very much against my studies abroad at age 17, which they considered too young to face the outside world individually. As a person with knowledge about the benefits of exercises informed by a long history of family engagements with physical exercises, it is a concern that I had forego the daily physical exercises, for the health consequences are but serious both in terms of monetary cost and health wise. I, thus, plan to increase and breaded my daily exercises to include walking upstairs rather than the use of lifts, outdoor bicycle rid es, among other co-curricular activities such as swimming. In my yet to be reorganized schedule, four sessions a week in the gym will be a mandatory undertaking by week four. In the meantime, more so in the very first week, I have purposed to take in swimming, playing tennis, carting and bowling. These activities are not only fun, but does help to enhance my health even without going to the gym everyday. That in addition to the physical exercises, good nutrition and a healthy body weight must be pursued to guarantee a person’s overall health and well-being. Due to pressures of class work, I have developed poor diets, with fast foods getting on my menus almost on a daily basis. Changing my food diet will, thus, help a great deal in my pursuit of a healthy lifestyle as well as jolting my efforts in keeping up with warding off lack of exercise related diseases. Such foods rich in

Tuesday, November 19, 2019

Week 6 posts 6330 Assignment Example | Topics and Well Written Essays - 250 words

Week 6 posts 6330 - Assignment Example Insertion of urinary catheters using aseptic technique in female patients is very sensitive practice and it requires a comprehensive knowledge in the area in order to avoid causing any harm. The description you have given is quite informative and I must agree that the systematic learning experience will definitely ensure the students that attend the class are well versed with the technique. Similar to what Billings and Halstead (2012), state in their text that learning objectives and checklist provide direction for students while practicing and learning the clinical skill, I found this to also apply to your learning experience design. It is true that may people do not consider self-administration of insulin to be a sensitive matter that needs care and hygienic conditions. You have mentioned that the skill will be learned over several sessions. Do you think that patients will be patient enough to attend all those sessions? Your post made me recall a sad situation I had in my childhood when a fellow student leg had to be amputated due to a wound infection that was not well dressed. He had stepped on a nail on his way from a camping site and after going to the nearby health Centre, the nurse who attended to him did not carry out the right procedure and soon after my friends leg was in a worse situation. It is therefore important for nurses to prioritize such a small topic such as would assessment with great interest. Just the way Silverstone (2004) elaborate more on the importance of proper educational practices a proper evaluation method that is valid and authentic must be used to leave no room for

Sunday, November 17, 2019

Advancement of video games Essay Example for Free

Advancement of video games Essay In this paper I will show and explain how the advancement of video games consoles has changed Humanity in more ways than one. I will show how the inventors started their Empires by selling plain, simple playing cards all the way to online gaming linked all around the world. How Nintendo and Atari started as two of the giants in the gaming world and then how Nintendo almost died out when Sega came out with their console. I will also explain how the video game mindset changed overtime and evolved into something worldwide. Hanafuda (President) was the name of the very first 52 deck set of playing cards sold by Fusajiro Yamauchi and his Nintendo Koppai. Fusajiro had a bigger plan and dream. This lead to the first Beam Gun made by Nintendo in 1969 (See PIC. 1) A new employee to the company by the name of Gunpei was told that he should â€Å"Do something new† for Nintendo as the Christmas season was swiftly approaching. Within a few short days, Gunpei introduced the Ultra Hand which was an arm toy. This sold a whopping 1. 2 million copies. (Unknown Author, 2011) The Beam Gun was an Opto-Electronics and was the first of its kind. This was the beginning of Video Game Consoles. (Moby Games, 1999-2012) Even though the Beam Gun was a major success, the official â€Å"Video Game Craze† would not kick off until 1975, when Nintendo signed a contract to work alongside Mitsubishi and produce the first known Cabinet Micro-Computers also known as Arcade Systems. (Moby Games, 1999-2012) Around this same time two friend’s names Nolan Bushnell and Ted Dabney would also create their own version of a coin-operated arcade cabinet with a space like theme and called it Computer Space. Both Bushnell and Dabney would become Co-Founders of the Atari Company, Nintendo’s first biggest competition. With all the success of Nintendo, a second known Video Arcade company would step up to challenge Nintendo in sales. This company was Atari Co. Atari’s first break-through was signing a deal with Sears Roebuck Co. and having their â€Å"Atari Pong† featured in Sears Roebuck’s catalog. (See Pic2) The Atari Pong went on to sell over 150,000 units. This set the way for Atari’s most known and most popular creation, The Atari 2600. (Unknown, 2011) The Atari 2600 was released just before the Christmas season of 1977 at $199. 99. The Atari 2600 was the first console that introduced Pac-Man and went on to sell well over 30 million units before being discontinued in 1992. While Atari had the 2600 with Pac-Man to play on it, this pair was pretty much the â€Å"match made in heaven† but Nintendo didn’t cross their hands and let Atari win over the industry they created. Nintendo introduced the NES (Nintendo Entertainment System, see PIC. 4) The NES was released in July of 1983 and featured classic games such as Zelda, Tetris, Donkey Kong and the most popular game of them all, Mario Bros. Nintendo showed to be the stronger of the two as the NES went on to sell over 61 million units before Nintendo discontinued the system with the release of the Super Nintendo which was a 16bit unit as to the NES which was an 8bit unit. These two companies would be the only two standing video game companies until Sega Genesis came out in the early 90’s and promised to give Nintendo a good challenge. Sega came out with a bigger marketing scheme and also, a much faster system. By this time, more than 800,000 Nintendo NES units were sold worldwide making it difficult for any company to come anywhere near Nintendo’s sales numbers and simultaneously get the consumer to spend another $150 on a new console that had faster graphics and more life-like sports games. Sega spent a lot of money marketing their Sega Genesis system by bashing on Nintendo’s graphics. Sega Genesis made several commercials and a slogan stating â€Å"Sega does what NintenDON’T† (here is a link to one of the commercials, http://www.youtube. com/watch? v=zlulSyBI2aY). By the early 2000’s Sega had developed a system that connected to the internet. This would be the beginning to a whole new gaming world. (Unknown, 2007) Sega invented the Sega Dreamcast which had the feature of being able to log online from your console. This was great at first until consumers noticed that the unit kept crashing and slowing down while online. This was never corrected by Sega which lead to the downfall of the Dream Cast system. Nintendo and Sega would stay at the forefront in the gaming industry until Sony decided to invest into the â€Å"Gamers world† creating the first ever Sony Playstation in 1994 (See PIC6). Sony had perfected what the Dreamcast lacked in and featured faster online game play and up to 4 jacks for 4 player gaming. Sony decided to release the Playstation 2(See PIC7). I personally remember this system because at the time of its release in November, 2000. I was working for Montgomery Wards. The night before it was scheduled to hit shelves nationwide, there was people camping outside to be the first to buy the Sony Playstation. I remember stopping and staring for a while as hundreds of people lined up with camp tents and blankets to keep them warm on a freezing cold Chicago night just to be the first to purchase this Sony sequel to a very successful Playstation system. The PS2 went on to sell well over 154 million systems worldwide making it the most popular gaming unit and taking the historic sales that the NES had produced from the 80’s and early 90’s. I highly doubt that Mr. Fusajiro Yamauchi would have ever thought that his company would go from selling plain old playing cards to a gaming world never thought possible. Lets forward to 2012. To this date there are three major consoles out in the market. The PS3 made by Sony playstation, the X-BOX 360 made by Microsoft and the Nintendo WII (See PIC8, 910). The features on these units are incredible. For example, the PS3 has an integrated blu-ray reader so you can play your blu-ray, DVD and CD’s on the PS3 console. Both the PS3 and X-Box 360 have online gaming where the player can actually login online and play a game with someone on the other side of the planet. There are headsets where you can listen and speak to other gamers from anywhere in the world. The PS3 and Nintendo WII have taken it one step further. On these two consoles you can now download Netflix and watch an unlimited number of movies straight from your console. In this essay I have shown and explained the advancements of video game consoles and how they changed Humanity in more ways than one. In my opinion the advancements of Game Consoles have been a perfect example on how we as people progress and improve over time. Anything we did 20 or 30 years ago cannot compare to what we have now. We can be talking about cars, buildings, computers, the way we communicated from mail to email to facebook and video gaming is no exception to these constant improvements and progress. PIC. 1 this was the Beam Gun created by Nintendo PIC. 2. This was the Atari Pong featured in Sears Roebuck Co. Catalog PIC. 3. Atari’s biggest creation, the 2600. PIC4. Nintendo’s NES system PIC5. Sega Genesis Console. PIC6. Sony Playstation PIC7. Sony Playstation 2 PIC8. Microsoft X-BOX 360 PIC9. Sony PS3 PIC10. Nintendo WII Video Game Consoles Annotated Bibliography Unknown Author, 2011). The History of Nijtendo: 1960-1970. http://www. snesclassics. com/history/nintendo. php This article explains a history on how Gunpei designed Nintendo’s first hand held video game and opened the door to a new concept for the Nintendo Company. Moby Games (1999-2012). The fall of Nintendo: Nintendo’s Beginnings. http://www. mobygames. com/featured_article/feature,15/section,129/ : This article provides information on the beginnings of what eventually would become the largest manufacturer of Video game consoles, Nintendo Co. It explains how Fusajiro Yamauchi, began the company in a small town in Japan. The company manufactured playing cards known as Hanafuda. This was a 52 deck set of Japanese playing cards. The article explains how the company evolved from playing cards to manufacturing a system called the Beam Gun Series which used opto-electronics in 1969. In 1975 Nintendo signed a contract with Mitsubishi to produce the first ever electronic video recorder (EVR). This evolved into the cabinet micro-computers also known as coin operated arcade games in the 1970’s and kicked off the arcade game craze. Unknown Author(2011). Video Computer System: Atari 2600. http://www. atarimuseum.com/videogames/consoles/2600menu/2600menu. htm : This article explains how Atari’s first home video game console, the Atari 2600 was developed and sold in 1977. The initial selling price was $199. 99 which was a lot of money back in the 70’s. IT also explains how a merger with Nintendo was about to happen until Ray Kassar, Atari’s CEO was let go. This made Nintendo change their mind and went on to produce their console solo. Unknown Author (2011). Atari Consoles: Atari Pong. http://www. atarimuseum. com/videogames/dedicated/homepong. html : The Atari Pong was very popular in bar scene during the early 70’s. Atari arcade engineer Bob Brown designed a home version of Pong and got Sears Roebuck Co. to add it into their catalog. Sears was hoping to sell 50,000 units by Christmas of 1977 and ended up moving 150,000 units. Unknown Author (2007). Sega Genesis: Where were you when the 1980’s were about to end? http://www. digitpress. com/systems/genesis. htm : This article is great because it explains how the feeling was around the time when Sega Genesis came into the market to give Nintendo a run for their money with the creation of Sonic the Hedgehog and slogans such as â€Å"Sega does what Nintendon’t†.

Thursday, November 14, 2019

Periods of European History that Demonstrated Changing Attitudes Towards the Education of Women :: European Europe History

Periods of European History that Demonstrated Changing Attitudes Towards the Education of Women Throughout the early portion of modern European history, women were never encouraged to undertake any significant education. Though the problem lessened over time, it was still a strong societal force. There were three major time periods when substantial changes took place in attitudes towards women's education -- the Renaissance, the Reformation, and the Seventeenth and the early Eighteenth centuries. The earliest time period, the Renaissance, may have actually been the most liberal time period for women's education. The church was the only force at this time that discouraged education. In Erasmus's book "The Abbot and the Learned Lady", The church's position on this issue says that education does not protect the chastity that was necessary for women. There were still, however, a certainty that women could and should be educated. For example, in Castiglione's book "The Courtier", it is stated that women are capable of everything that men are. Also, Roger Ascham has described his female student(the future Queen Elizabeth I) as equally bright as any other male student of his. Furthermore, in a letter by the poet Louise Labe`, she states a need for women to "raise their head above their spindles" and take up studying. The next age, the Reformation and the catholic Reformation, saw a dramatic and conservative change toward the attitudes of education for women. Martin Luther, a leader of the Reformation, was quoted as saying that God made men with broad shoulders to do all the intelligent, and women with broad hips to do the "sitting" and housework. Agreeing with Martin Luther, was Emond Auger, a French Jesuit, who said "there is no need for women to take time out from their work and read the Old and New Testament" and also that "Women must be silent in church". The third age of early modern European history is the seventeenth and early eighteenth centuries, in which men at large were still strongly against the education of women, but they had reached a compromise to some extent. They allowed women to be educated on a minor level, as Mme. de Maintenon(wife of Louis XIV) says "Educate your middle-class girls in the middle-class way, but don't embellish their minds", but a women could never go beyond that. It seemed also that some men had conflicting view points on this issue. In Moliere's play "The Learned Ladies", educated women are

Tuesday, November 12, 2019

Daniel Goleman Theory of Emotional Intelligence Essay

The cognition ability among humans is as varied as their physical abilities. However, one apparent fact is that they all possess some similar characteristics. Psychologists have often tried to understand humans by studying their behavior and explaining it in terms of sense cognition. As such, it has been argued that the way a person perceives and interprets his physical world, described and exhibited in behavior, is determined by intelligence. However, psychologists are not yet agreed on the exact definition of intelligence even though there are some agreed upon attributes that can be attached to the concept. The ability to comprehend complex ideas, handle situations effectively and reason is varied among humans. It is recognized that this variation is substantial but never consistent as an individual will exhibit different intellectual performance on different occasions. The concept of intelligence is thus aimed at rearranging and clarifying these complex phenomena. There has been progress with regard to rearranging and clarifying these complex phenomena even though they still do not command universal assent. Psychologists have often focused on cognitive aspects on their analysis of intelligence. In other words, emphasis has always been laid on such aspects like memory and problem solving skills. However, some psychologists recognize the importance of non-cognitive aspects in analyzing intelligence. In his definition, David Wechsler identifies such factors like rationality, purposeful action and ability to handle the environment effectively as the main features of intelligence. In his early works, Wechsler identified non-intellective as well as intellective aspects. By intellective and non-intellective aspects, he was referring to social, personal and affective factors. (Wechsler, 1940: 444-445) He further held that the possibility of success in life is dependent upon non-intellective abilities. In recent past, a new aspect has emerged with regard to intelligence and this has been motivated by the need to explain how emotions and thought impact on each other. It is thus in the interest of this paper to look at this aspect of intelligence which has gained prominence in the field of psychology. This new aspect is what has been referred to as emotional intelligence. In this paper, I will look at the development, theories and elements of emotional intelligence. What is Emotional Intelligence: Background The term emotional intelligence was coined by Salovey and Meyer in 1990. When they coined this term, they were well aware of the previous work by other psychologists on non-cognitive aspects of intelligence. In their description of emotional intelligence, Salovey and Meyer viewed it as the ability of an individual to guide his or her thinking and action through monitoring his or her feelings and emotions (and those of others) and compare them against his own. As such, they considered it a form of social intelligence. The study in this field of social intelligence emerged as a result of research in the field of cognition and affect. Research in this area also gained prominence as a result of works by other psychologists who pointed out that there could be a cognitive connection between mood and judgment. These psychologists suggested that there could be a possibility that when a person gets happy, for instance, he is bound to cognitively judge his past positively thus elevating his moods further. On the other hand, bad moods lead to negative thoughts thereby increasing or worsening the condition. Robert Zajonc (1980) suggested that in determining attitudes, feelings played a bigger role than cognition. His argument was that it is feelings which paid attention to the physical world. This view emanated from an empirical conception of human life. It is a widely held position that it is the senses that is responsible for feeding the brain with information for interpretation. This on the other hand affected or is affected by moods and memory. The influence of mood on memory was examined by Gordon Bower who described an activation model of memory. He observed that happy moods influenced happy thoughts while on the other hand, sad moods influenced sad thoughts. (Bower, 1981) According to him, if one was in the state of happiness, he is bound to view his past social actions positively which in turn stimulates positive thoughts. On the other hand, if one is sad, he is bound to view his past as a series of failures within the social realm thereby increasing his sadness. As such, the state of mind influences attitude and cognition. This analysis by Bower helped in the comprehension and explanation of many empirical aspects of emotional intelligence. Much contribution in the field of emotional intelligence was brought by Clerk and Fiske’s ‘Affect and Cognition’. A departure from research on the interaction between emotion and cognition was marked by the study of emotion and thought by social, personality and cognitive psychologists. The concept of defense mechanism by Sigmund Freud even though put emphasis on the pathological factors, also recognized and emphasized on the interaction between thought and emotion. The view that emotions prejudiced and disrupted thought was inherited when the cognition and affect literature surfaced. The idea that emotions and thought caused biasness went hand in hand with the idea that emotions could be adaptive for thought. This went on as inquiries into emotions and thought diverged from an emphasis on psychopathology to normal everyday thoughts and moods. The result was the idea that intelligence and emotions can integrate to perform complex information processing that either cannot manage independently. This was the development of the concept of emotional intelligence. Salovey and Mayer in their attempt to develop accurate and valid measures of emotional intelligence initiated a research program which was also meant to explore its significance. Daniel Goleman recognized their work which led to his formulation of the theory of emotional intelligence. Theories of Emotional Intelligence There is a general conception that emotion and intelligence are two distinct concepts which cannot integrate. As such, the term emotional intelligence appears as a contradiction. However, emotions often convey messages which can be processed. That is, they signal relations. This assumption makes the term sensible. Philosophers have often inquired into the nature and meaning of emotions and came into a conclusion that they define the relationship between an individual and other members of the society. As such, every emotion defines an individual’s relationship with himself and his relationship with others. There is a universality and regularity in the meaning of emotions. Comprehending the universal meaning of emotions was adopted by cognition and affect researchers. A system which defined joy as a positive feeling which comes after an assurance that an action will be rewarded and relief as a positive feeling which points to the absence of punishment was outlined by Roseman (1984). A similar approach was taken up by Ortony, Clore and Collins (1988) which defined joy as a â€Å"well being† emotion which comes as a result of self reaction to desirable occurrence. Emotional intelligence can be fragmented into four branches of abilities. These include perceiving and expressing emotions, integrating emotions in thoughts, comprehending and managing emotions. All these are important in the overall theory of emotional intelligence. Perceiving Emotions Accurate perception is the first step in emotional information processing. The system of emotional perception is a product of evolution built through time so as to facilitate communication between parent and child. The child therefore learns emotions from the mother. For instance, when the infant smiles, her mother reflects back the kind of face associated with smiling which in this case is contracting the cheek’s muscles. As a person grows, he learns to generalize patterns of how emotions are manifested in the physical realm which includes objects, artwork and even other people. For instance, a person may associate a relaxed shouldered posture with calmness. Emotional integration After the perception of an emotion, it has the capacity to influence cognition at various points of processing. Emotional integration thus focuses on the contributions that emotion makes in the reasoning process. Various suggestions have been put forward on how emotions may facilitate cognition. According to Easterbrook (1959), Mandler (1975) and Simon (1982), emotions provide an impulse to prioritization. (Tad. In John D. Mayer, Emotions, Intelligence and Emotional Intelligence. p. 420) For instance, someone in deep concentration in say, a movie is oblivious of the surrounding environment, even the couch he is seated on. Nonetheless, he may experience a growing sense of anxiety and on hearing the voices of children outside; he realizes that he is supposed to be in a psychology class. The interrupting anxiety to some extent is a second processing system independent of the central cognitive system. As such, it enables cognition to direct resources to a problem until and unless a competing response emerges. Another way through which emotions help cognition is by functioning as a secondary store about emotions themselves. For instance, if an artist wants to paint suffering, he reflects back on an experience or scene of suffering and recreates the feeling. The act of mood cycling or mood switching is another way through which emotions contribute to intelligence. Cognitive system is often refreshed by mood alterations. These mood alterations have a consequence of bringing various emotional tools to handle a particular problem. According to Mayer, a shift in judgment through increasing motivational direction may enhance functioning. (Ibid. 421) A cycling of moods also provides different perspectives on a subject or problem thereby enhancing creativity. Mood can also assist intelligence by providing implicit information on past experiences. As such they act as references in decision making processes. For instance, one may have some facts on a given event but still would not be in a position to choose which of his alternatives is best for him. As such, he reflects back on his feelings towards those alternatives. Emotions thus summarize these past experiences. Comprehending Emotion The closest branch to traditional intelligence is understanding emotions. The hypothesis is that there exists a mental processor whose main function is to understand, abstract and reason about emotional data. Labeling feelings and understanding what they represent are just but part of this processing. For instance, one may label a feeling love. As such, he or she recognizes that love reflects upon relationship with other people. Emotion Management This is the final branch to emotional intelligence model. It involves the management of emotions for personal development and growth. For instance, an informative emotion enables one to gather information about his environment, especially the social environment, if one opens himself for such information. People open to sadness will best understand the painful conditions which man has to grapple with in the course of existence. This also enhances the good in the sense that one may not be in the position to appreciate blessings if he doe not understand the difficulties in life. For instance, after sacrificing ones time to study hard, he may achieve happiness when he graduates with a first class honors. However, openness is not the end of management. The knowledge gained from perceiving, integrating and understanding emotional dispositions must be put into practical use in order to maximize emotional management. In other words, it is through perceiving and understanding emotions that one knows the consequences of experiencing them or blocking them. The theory has left open the way in which emotional intelligence manage emotions. Intelligence enables one to explore and evaluate possibilities with their own goals in mind. Even though one may hope that many people manage their emotions well, emotionally intelligent individuals at times manage their feelings negatively. Discussion The foundations of the new theory of emotional intelligence are based on the field of cognition and affect. As inquiries were made on how thoughts were altered by emotions by cognition and affect researchers, a shift emerged from the clinical researchers who emphasized on how thoughts were pathologized by emotions. Normalization of such phenomena was started by the cognition and affect researchers who who found them in everyday human behavior. The focus of emotional intelligence was thus how emotions and intelligence facilitate each other mutually in order to create a high level of emotional information processing and a higher level of thought. A model of emotional intelligence was formulated which viewed it as a form of intelligence mainly concerned with processing emotional signals related to relationships. As such, emotional intelligence is concerned with the capacity to consider emotions rationally for better management. Measuring Emotional Intelligence The assessment of intelligence is done entirely by ability tests. As observed earlier, theoretical model construction and measurement procedures are involved in the development of emotional intelligence. Individuals who take ability tests are subjected to relevant mental tasks within a controlled environment. This is meant to measure their optimum mental performance. However, the examination of many different skills which may be tied to intelligence is a requirement for the establishment of intelligence. This is so because the existence of intelligence is based upon the intercorrelation between skills which also develop with age. The Value of Emotional Intelligence When people are confronted with setbacks or failure, they tend to make some causal attributions. Optimists tend to make external attributions that are temporary and specific while pessimists make internal attributions which are universal and permanent. This is according to learned optimism construct developed by Martin Seligman. In a research carried among salesmen by Seligman and his colleague, they found that optimistic new salesmen sold more insurance in their first years than the pessimistic ones. When the company hired another group of individuals who failed normal screening but scored high on optimism, the made more sales than the pessimists by 21 per cent. (Schulman, 1995). an aspect of emotional intelligence which has exhibited much success is the ability to handle stress and manage feelings. Tests of Emotional Intelligence According to Goleman, even though entry level executive positions require technical skills and IQ, high emotional intelligence is an integral part of high performance leadership. A simple emotional test based on theories by Goleman can help identify emotional intelligence and leadership. As such, one may establish his emotional intelligence through the use of emotional intelligence test so long as it is based firmly on emotional intelligence theory. A happier and more balanced lifestyle can be achieved by an awareness of ones emotional abilities which may also help in improving his emotional intelligence. Rating of ones ability to regulate his emotions in a balanced and healthy manner can be achieved through emotional intelligence tests. After the completion of the test, an individual is in a better position to comprehend his greatest emotional strengths and weaknesses which enables him to evaluate his aptitude in every emotional category. Emotional intelligence theory is also important in identifying the emotional intelligence of a child which provides abase for emotional intelligence training. Developing emotional intelligence skills require that one is in a position to identify his emotional intelligence strengths and weaknesses. References Bower, G. , H, (1981) Mood and Memory. American Psychologist. 36, 129-148 ed. John D. Mayer, Emotions, Intelligence and Emotional Intelligence. p. 420 Goleman D. (1995) Emotional Intelligence. New York: Bantam Mayer, J. & Salovey, P. Choosing a Measure of Emotional Intelligence: The Case for Ability Scales. In R. Ban-On Handbook for Emotional Intelligence. Guilford Wechsler, D. (1940) Non intellective Factors in General Intelligence, Psychological Bulletin, 37, 444-445 Zajonc, R. , B. , (1980) Feeling and Thinking: References Need No Inferences. American Psychologist, 35, 151-175

Sunday, November 10, 2019

Discuss the different factors that might affect individuals Self-Presentation Essay

Self-Presentation is a concept used to describe the behavior of ones self to create an impression which can influence others around us. One factor that may affect our Self-Presentation is the situation one is in, also known as the context. This may influence our Persona, the ‘masks’ we wear or our Performance, how ‘sincere’ or ‘cynical’ we are. For example, if one was on a first date, we may be very cynical to give a good first impression or give an impression of our ideal-self, however, if the individual had a high self esteem, they may seem to be more sincere. Another factor that could affect ones Self-Presentation is the props or costume we wear. This is called Staging. The ‘costume’ we may wear can influence other people’s image of ourselves. For example if one wears a flamboyant outfit it could suggest they feel very insecure and have a low self-esteem and they are trying to ‘cover up’, however to others they could come across confident and outgoing. This illustrates the sheer power our Self-Presentation has over others opinions of ourselves. Over time, this could also alter our perception of our self-image, that we are â€Å"playing an unconscious role and believe we are being ourselves† stated by Burton and Dimbleby. It’s not just about what we wear, the props we use or our surroundings that can affect our Self-Presentation, but also who we are with. We act differently around our close friends to our colleagues and in fact, our family. Our Persona or our ‘masks’ change depending on the people we surround ourselves with. The company we keep is also known as our ‘Teams’. In a similar way, the roles we may have will affect our Self-Presentation. Ones role as a friend will be different to ones role as a shop assistant or a teacher. We have to change our self-image to suit our role and our role changes throughout the day. Depending on how high our self-esteem is, ones persona may not be needed or used as much, which may reflect on our self-disclosure. If one has a high self-esteem, they may not feel the need to wear ‘masks’ to hide their identity. If one is open and willing to disclose information about their  private self their Self-Presentation will not be as dramatic and will seem more like their true self. This will also contribute to their personal Johari Window Model, as their ‘open’ area will be much larger. Self-presentation could also be seen as a self-maintenance strategy, trying to change our self-image. This could be due to Cognitive Dissonance, were our perception of ourselves will differ from what society expects which causes tension. Finally our Personal Style can affect our Self-Presentation. This is because, without personal style, ones performance will not flow and will seem fake.

Thursday, November 7, 2019

Investment vs fiscal regime in small scale solid mineral mining in west africa The WritePass Journal

Investment vs fiscal regime in small scale solid mineral mining in west africa Introduction Investment vs fiscal regime in small scale solid mineral mining in west africa Introduction 1. Analysis 1.1. Literature Review 1.2. Research Methodology 1.3. Deductive and inductive reasoning 1.4. Research Limitations 1.5. Data Analysis 1.6. Overall analysis ConclusionREFERENCESRelated Introduction Small scale solid mineral mining (SSM) in the West African region of Nigeria and Ghana has been subject to analysis by many writers before to bring out the hidden aspects related to the outcomes of taxation and investment in the industry. However most of these studies are focused on the volume related outcomes rather than the strategic scenarios of the region. SSM industry output in Nigeria in 1959 contributed a mere 1% to the Gross Domestic Product (GDP) of the country.   By 2010 mining contributed just 0.3% to the total GDP[1]. This insignificant contribution made by the mining industry to the country’s GDP is attributed to the vast petroleum deposits (African Development Bank and the African Union, 2009). In Nigeria the existing mining law is incorporated in the Federal Minerals and Mining Act of 1999 and the Ministry of Solid Minerals Development[2] is responsible for the oversight of all management of mineral resources in the country. The Law has been developed from the rudimentary system of regulations starting from 1903 when mining industry in Nigeria was launched by the British colonial government (Ayine, 2011). By the 1940’s the country was one of the leading producers of coal, columbite and tin. The government monopoly over SSM in Nigeria came to an end in 1999 when the government began to sell assets in mining corporations to private entrepreneurs. However, it must be noted that the Law governing the SSM in Nigeria [3]was not as sophisticated as that of Ghana. Ghana’s fiscal policy measures were particularly conducive for the development of the SSM industry on a small scale. Though the country too has a sizable amount of oil it did not neglect the SSM related developments. The fiscal policy regime in Nigeria concerning SSM has been described by researchers as one-sided, i.e. it is overloaded with petroleum resources related developments while tax concessions to SSM business, especially private is almost non-extant. Thus this study analyses the outcomes related to the possibility developing SSM related fiscal and investment framework in Nigeria in comparison to Ghana (The Nigerian Minerals and Mining Act, 2007). 1. Analysis 1.1. Literature Review Nigeria’s SSM cannot be well understood without a reference to its gradual neglect of the industry as well. For instance according to many writers on the subject during the 1980’s the country had relied on coal and wood as a source of fuel for most of the countryside population’s day-to-day cooking needs (www.dundee.ac.uk). Subsequently coal was sought to be replaced by diesel for the railways though the rural communities continued to use coal and wood into the foreseeable future for their cooking needs. Just 73,000 tons of coal were produced in 1986 as against a whopping figure of 940,000 tons in 1958. The same fate befell the columbite and tin mining because by the end of 1980’s high grade iron ore was almost completely depleted. The  Ministry of Mines and Steel Development  was created with a view to developing the solid mineral industry in the country (www.mmsd.gov.ng). Though the Minster himself has assured the international investors of good opportunities and invited them to come and invest in the SSM industry there is a general trend of reluctance among investors primarily due to the inadequacy and inefficiency of fiscal regulations to assure good returns on their investments (Alison-Madueke, 2009). Fiscal policy [4]measures adopted by Nigeria concerning SSM have been known to be scanty and sparse.   SSM related fiscal policy and investment measures in Nigeria have to be studied against the Ghanaian developments in SSM because the latter has adopted some of the far reaching changes in respect of the country’s SSM thus encouraging the small scale investors to identify and invest in more lucrative areas of the industry (Environmentally and Socially Sustainable Development Department, 2006). Nigeria right now has one of the most undeveloped fiscal policy regimes in the whole continent concerning SSM while on the other hand Ghana has adopted some advanced features in the system of taxation. In addition to the macroeconomic policy reforms the country has extensively adopted MMS related policy reforms in order to attract investment to the country. The Mineral and Mining Law (PNDCL 153) of 1986 [5]vests all rights of ownership in the Ghanaian government thus creating one of the most successful pillars for effective governance of the industry (files.africanstudies.webnode.com). Subsequently two addendums were introduced – the Additional Profit Tax Law (PNDCL 122) and Minerals (Royalties) Regulations (LI 1349). These laws along with highly generous tax incentives and exemptions to foreign investors have served as the cornerstone of the entire SSM in Ghana. But nonetheless these laws were codified in the Ghana Internal Revenue Act [6]since 2000. By 1994 the level of corporate tax in the industry was brought down to 35% in Ghana while the capital expenditure allowance to investors was increased to 20% in the first year. Subsequently in each year the investor is entitled to 15% .of allowances from 1986. The Royalty rate calculated at 6% of the total worth of the mineral was subsequently reduced to 3%. All other duties such as import duty, mineral duty and the foreign exchange tax were done away with. The import taxes on machinery and equipment were also exempted (www.dundee.ac.uk). These developments created a positive cumulative impact on the SSM scenario in Ghana. There was also the provision to permit the leaseholder to retain 25% of the foreign exchange earnings in a foreign bank account. This is intended to facilitate the purchase of equipment and machinery. Ghana’s fiscal policy measures on SSM are wide and varied. For instance the net present value of the investment is sought to be maximized for the investor in conformance with a comparison on probable net returns from alternative investment vehicles such as purchasing government or/and corporate bonds, shares and other investments in funds (www.ghana-mining.org). After tax yield of the investment matters so much that the net present value of the company ought to be maximized especially in an SSM environment. Mineral taxation systems [7]ought to take into consideration the realized profitability as against the potential and empower the firm to pay back capital borrowings at an early date. Tax duplication must be avoided and any structural adjustment initiatives undertaken by the company must come to a successful conclusion with the help of the tax system (Hossain, 2003). Since the SSM industry requires a higher level of capital investment for a longer period of time before adequate positive earnings are made the tax system of the country must be designed to accommodate concerns of the investor. According to some recent research works tax systems on mineral exploration and development often run into rough weather in times of economic recessions because governments fail to provide adequate buffer against the investment failure (Economic Commission for Africa, 2004). If the government fails to maximize the net present value of tax revenue and earn more tax revenue during periods of high profit earnings by companies, then there would be some incapacities coming into the system to prevent it from registering positive growth. Marginally productive mines have to be brought into higher yield capacity through capital intensive production techniques. Internal cost drivers like administration and research development [8](RD) must be controlled in such a manner to avoid cost rises in production. 1.2. Research Methodology Secondary data was collected through an extensive research effort conducted in libraries and online. The information regarding SSM was collected in order to analyze and come to conclusions. Secondary data is regarded as the second hand data or the data that have been exposed before for various reasons. It is not fresh data as the primary data. It is relatively easier to find secondary data than the primary data (Twerefou, 2009). Various sources are used to implement the objective by using secondary data gathered from such sources as textbooks, professional journals, and various university publications, corporate reports of various companies and the government, and university theses. These sources were used to analyze and provide the reliable accurate inferences regarding the SSM in Nigeria and Ghana. These secondary data sources have provided an extensive understanding of the fiscal policy measures adopted by Nigeria and Ghana (Davis, Ossowski Fedelino, 2003). The comparison has been made to show that Ghanaian system of taxation [9]is far superior in the solid mineral mining and exploration industry when compared to the Nigerian system.   Ã‚  Various textbooks and publications were used to build and draw reliable theoretical conclusions and make findings. References were taken from most of the research material available in the field.   Theoretical analysis is much well facilitated than primary material which is basically limited to responses in the questionnaire and the survey. Also there is considerable reflection on the state and relevance of current research.   Relevant web sites and official documents links were accessed to provide more credibility to the study and for further reference (Onugu, 2005).  Ã‚   Future research possibilities in the field are discussed in depth to show how theoretical underpinnings evolve with time and space with specific reference to the current developments in the SSM field. 1.3. Deductive and inductive reasoning This paper used deductive reasoning as against inductive reasoning. Deductive research refers to a process in which a more general approach leads to a more particular approach. For example the researcher may start off with a theory on the subject and then build up a series of hypotheses to arrive at specific details of the research topic (Campbell, 2009). Deductive reasoning is sometimes known as top-down approach. On the other hand inductive reasoning refers to the opposite process or approach. In inductive research the researcher starts from more specific hypotheses and then go on to generalized areas of study. This is sometimes known as bottom-up approach. 1.4. Research Limitations The industry-centric research methodology aspect was focused on both the quantitative and qualitative paradigms but nevertheless the qualitative aspect was hindered by a variety of shortcomings including the inability of this researcher to obtain quality testing measures.   However it must be noted here that this detailed study would pay more attention to qualitative shifts than to quantitative data shifts caused by an industry in transition (Daniel Keen, 2010). The skewed nature of published data cannot be stressed on too much either because such bias and prejudice are only too common at each level. However for the purpose of ascertaining the tax system related outcomes such skewed data did not have a greater negative impact on conclusions. Next the all too well known limitations, viz. cultural bias [10]and prejudice displayed by researchers in Nigeria and Ghana might have hampered the efforts of this researcher to a certain extent. By following strict control mechanisms and a set of relevant guidelines the accuracy of the analysis can be made right though. This tendency apart some data sets were characterized by a degree of inaccuracy with regard to analysis. The recent developments in the SSM were not adequately borne out by these analyses (MBendi, 2011).   Thus the qualitative research aspect also assumes a significant dimension of right or wrong. Organizational settings could have hampered the data collection efforts of many researche rs and as a result they might have been influenced by cultural attachments and biases. The most significant data sets for any serious conclusions have been sifted to come to some conclusions that have a direct bearing on the learning outcomes of this study. For instance the Nigerian fiscal policy measures as based on attracting foreign investors to invest in solid mineral mining and exploration is particularly influenced by a desire on the part of the government to provide employment to local population (Chamber of Mines Newsletter, 2001). 1.5. Data Analysis Source: developingmarkets.com/dma/wp-content/uploads/2009/05/minister-of-mines1.pdf Table 2.5.1: Nigeria’s seven strategic solid minerals Source:developingmarkets.com/dma/wp-content/uploads/2009/05/minister-of-mines1.pdf      Table 2.5.2: Gold Production in Ghana Source:ghana-mining.org/ghweb/en/ma/mincom/mainStageParagraphs/06/childParagraphs/01/document/Major%20Minerals%20Prod%2090-07.pdf 1.6. Overall analysis Tax analysis with emphasis on fiscal policy in Nigeria requires a systematic theoretical analysis of the net present value. When corporate taxes are considered the firm is entitled to interest expense deduction which enables it to increase value of its assets. According to Modigliani Miller (1963) the tax exemption allows the firm to reduce the leverage-based premium in the cost associated with raising the equity capital. Subsequently Miller added personal taxes to the equation. An investor ought to make an investment only when it has a positive Net Present Value (NPV). Those investments or projects whose returns are negative must be disregarded.   The following formula is generally used to depict the NPV [1]of an investment or a project. The hypothetical example that follows the formula shows a positive NPV equal to  £123,928.60 at the end of the five year period. Here the opportunity cost of capital is assumed to be 12%. Year  Ã‚  Ã‚   Cash flow  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Discounted cash flow 0  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   =    £-(10,000.00) 1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   10,000.00  Ã‚  Ã‚   =     Ã‚  Ã‚    £ 8,928.57 2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20,000 .00  Ã‚   =       £ 17,857.14 3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   40,000 .00  Ã‚   =       £ 35,714.28 4  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   50,000.00  Ã‚   =  Ã‚     Ã‚    £44,642.85 5  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   30,000 .00  Ã‚   =       £ 26,785.71 NPV  Ã‚   =  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚    £123,928.60 Thus by adopting it as the discount rate for all future cash flows one can effectively obtain the NPV for them. This gives a few advantages. In the first place proper financial management requires a realistic opportunity cost to be set against capital. Though over a period of 5 years there can be considerable pressure on interest rates, a steady return of earnings would be ensured through proper cash flow management. After all the above cash flow forecasts are assumed to be constant though, in reality they might vary. The decision to make the investment is based on the apparent returns by way of future cash flows and it does not take into account the risk factor involved. For instance the investor has totally disregarded DCF method because he probably considers those future returns to be final and conclusive with respect to their values. The DCF calculations and the NPV figure of the total investment show that the decision is fairly justifiable because the NPV is equal to  £ 123,928.60 which is a considerable value against probable future inflationary pressure, i.e. the opportunity cost of capital. The importance of discounting future cash flows by using these formulas also depends on other factors as well. Discounted cash flows give a real picture of the future possibilities.   Since DCF[2] is what an individual is willing to pay at present in order to have what he   expects to have in the future, it’s a process of expressing future revenue flows in terms of today’s value. Probably the most important reason behind DCF is the fact that inflation erodes the value of money in times to come, i.e. future. Therefore it’s essential to make up for the loss. That is why in each subsequent DCF multiplied by the number of years, a lower value comes up (Notermans, 2000). The Internal Rate of Return (IRR) [3]sets the present value of all future cash flows of an investment equal to zero. IRR usually holds the assumption that all future cash inflows would be reinvested at the internal rate as calculated at present. Assuming that there are investment projects with returns that exceed the cost of capital or interest, such projects would be seriously considered for investment. In other words when the IRR is greater the investment is more attractive. However it’s the NPV that every investor seeks to adopt because it has a less number of disadvantages or flaws. However there is abatement or mitigation of systematic risk through hedging. Individual investment decisions concerning risk mitigation are inevitably focused on the capital adequacy rules. Concurrent decisions to mitigate risk and maintain capital adequacy are nothing new in the investment sphere. Sharpe ratio is used to calculate the amount of systematic risk: Here the performance evaluation is based on risk-adjusted measures. Now the question â€Å"is the return adequate compensation for the risk?† has to be answered by working out the returns given the risk involved. The following explanations are used to work it out. The Sharpe ratio enables the adjustment of returns on investments to be conclusive with respect to risk-free returns and the degree of volatility of an investment. Rp   Ã‚  Ã‚  Ã‚  Ã‚   = Average return on the portfolio Rf   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = Average risk free rate Sp  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = Standard deviation of portfolio return (total risk). While Sharpe ratio is useful in determining adjusted risk and performance of a portfolio, there are other measures as well that have to be used in order to determine the level of risk accurately. Treynor ratio: rp   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = Average return on the portfolio rf   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = Average risk free rate ÃŽ ²p  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = Beta of portfolio (systematic risk) Treynor ratio is used to measure returns that are in excess of what could have been made on risk-free investment.   For example Treasury Bills are less risky than other volatility-prone assets. That’s why it’s sometimes called reward-to-volatility ratio. It uses systematic risk. Thus higher the Treynor ratio, the higher the returns made on investments. However it is not like Sharpe ratio which is a measure of the excess return and does not help much. Next there is the Jensen’s Alpha, a measure that calculates the excess returns above the security market line as done in the capital asset pricing model (CAPM).[4] CAPM also uses beta as a multiplier to determine the total value of returns. Jensen’s Alpha is a risk adjusted portfolio performance metric. It’s calculated by using a regression technique to determine the performance of a given portfolio of a manager tested against a benchmark. On the other hand unsystematic (un-systemic) risk refers to a risk inherent in a particular industry or market that falters due to a specifically divergent variable. Unsystematic risk[5] (or residual risk or diversifiable risk) can be overcome by resorting to diversification of one’s portfolio (Lo, 2005).   Since unsystematic risk is specific to a particular market/industry or market segment, diversification helps investors either to reduce risk or totally cancel out depending on the relative offsetting effect of less risky investments. Unsystematic risk essentially presupposes the existence of a remedial measure without resorting to hedging which can be uncertain for a number of reasons. In the first place hedging is carried out with the intention of obviating systematic risk which occurs as the result of an exogenous variable going astray. In the case of unsystematic risk exogenous variables are assumed to behave in the predictable way (Lehmann, 1990). Thus forecasts are reliable to the extent that the individual potential investor does not feel the need to shuffle the basket of investments. Fund managers whose instincts the investor relies on, do not feel obliged to advice clients on the contrary decisions. In fact such advice depends not only the instincts of fund managers but also statistical forecasts. As the portfolio is more diversified unsystematic risk moves closer to zero. Accounting risk[6], financial risk [7]and economic risk[8] are all part and parcel of unsystematic risk. They signify the very nature of risk. For instance a financial risk might involve mistakes in cash flow forecasts thus leading to liquidity problems. These residual risks do not have a big impact on the whole system. The systemic imperviousness stands out as the most credible security against risk. But nevertheless the degree of this imperviousness is determined by a number of other factors that are inherent to the system itself. Calculations involve the same process as above. However, CAPM is often used to measure an individual security or a portfolio. Additionally the security market line [9](SML) is used to measure the reward-to-risk ratio of a security in relation to the total market as shown below. Finally total risk is the sum total of systematic risk and unsystematic risk. While the choice of the individual investor between different types of securities or investment instruments matters here, there is the need for the investor to make some decisive decisions involving which risk out of systematic and unsystematic risks to be reduced visvis the other. The following graph illustrates the hypothetical scenario of a company which invests in a given portfolio of securities. The red line is the Security Market Line. the horizontal axis shows the betas of all companies in the market   the vertical axis shows the required rates of return, as a percentage Assuming that the risk free rate is 5%, and the overall stock market will produce a rate of return of 12.5% next year the following would give a clearer picture of fundamental financial ratio analysis. The imaginary investor/shareholder/company has a beta of 1.7. This result is obtained by substituting a few sample betas into the CAPM equation as follows. Ks = Krf + B (Km Krf). Table 2.5.3: Beta Values Security Beta (It’s a measure of risk) Rate of Return Risk Free 0.0 5.00% Overall Stock Market 1.0 12.50% Utopia Company 1.7 17.75% Source: www.teachmefinance.com    This figure and hypothetical data can be applied to understand all three types of risks in investing in the Nigeria’s solid mineral mining and exploration industry.    Conclusion Time and again it has been argued that Nigeria’s existing fiscal policy regime in general and the tax system in particular regarding the SSM requires urgent revision to invite both local foreign investors. It has also been suggested that such a revision or an overhauling would be worked out in conformance with SSM’s current developments. Nigeria has been heavily dependent on its oil resource and in fact has been neglecting solid mineral mining industry [1]while another West African country Ghana has been systematically developing its solid minerals industry at a consistent pace. Thus the analysis is focused on a distinction between industry related features in Nigeria and Ghana to bring about a conviction of the existing tax anomalies in the former. While the paper focuses attention on a variety of tax related shortcomings in Nigeria ranging from the near total absence of a well structured corporate tax system in the solid mineral mining industry[2] in general and the SSM sector in particular, it has stressed on the significance of fiscal policy measures that require a systematic effort sustained over the years to bring about both a qualitative and quantitative shift in the solid mineral mining industry. The comparison with Ghana is made to in order to delineate a series of positive developments that have taken place within the Ghanaian taxation system in the solid mineral mining and exploration sector. Ghana has put in place a number of corporate tax incentives and relaxed its rules and regulations on the acquisition of mining rights[3] to assure the potential foreign investor that net returns on their investment in the sector would produce more than anticipated net returns. Nigeria just needs this kind of change in its tax sys tem to create a series of positive synergies. REFERENCES Books African Development Bank and the African Union, 2009. Oil and Gas in Africa, New York: Oxford University Press. Campbell, B., 2009. Mining in Africa: Regulation and Development, New York: Pluto Press. Daniel, P. Keen, M. (Eds), 2010. Charles McPherson (Editor) the Taxation of Petroleum and Minerals: Principles, Problems and Practice, Oxon: Routledge. Notermans, T., 2000. Money, Markets, and the State: Social Democratic Economic Policies since 1918 (Cambridge Studies in Comparative Politics), Cambridge: Cambridge University Press. Journals Lehmann, B., 1990. ‘Fads, martingales, and market efficiency’, Quarterly Journal of Economics, vol .105, pp. 1–28. Lo, A., 2005. ‘Reconciling efficient markets with behavioral finance: the adaptive markets hypothesis’, Journal of Investment Consulting, vol.7, pp.21–44. Modigliani, F. Miller, M. H., 1963). â€Å"Corporate Income Taxes and the Cost of Capital: A Correction†, American Economic Review.   Articals Alison-Madueke, D., 2009. Opportunities in Nigeria’s Minerals Sector, Available at: developingmarkets.com/dma/wp-content/uploads/2009/05/minister-of-mines1.pdf [Accessed 03rd May 2011]. Ayine, D., 2011. Natural Resource Investment Review In Developing Countries: Ghana’s Mininng Sector In Perspective, Available at: http://www2.americanbar.org/calendar/section-of-international-law-2011-spring-meeting/Documents/Friday/The%20New%20Gold%20Rush/NATURAL%20RESOURCE%20INVESTMENT%20REVIEW%20IN%20DEVELOPING%20COUNTRIES-%20GHANA’S%20MININNG%20SECTOR% [Accessed 03rd May 2011]. Chamber of Mines Newsletter, 2001. Tanzania Chamber of Mines Newsletter, Available at: chamberofmines-tz.com/newsletter/news4a33b01078f7a.pdf [Accessed 03rd May 2011]. Davis, J.M., Ossowski, R, Fedelino, A. (Eds), 2003. ‘Fiscal Policy Formulation and Implementation in Oil-Producing Countries’, International Monetary Fund, Available at: imf.org/external/pubs/nft/2003/fispol/index.htm#ch1 [Accessed 03rd May 2011]. Economic Commission for Africa, 2004. Harmonization of Mining Policies, Standards, Legislative and Regulatory Frameworks in Southern Africa, Available at: http://vi.unctad.org/files/wksp/oilgaswksptanz10/docs/Background%20readings/SRO-SA%20Mining%20Report_final%20Harmonisation%20Study.pdf [Accessed 03rd May 2011]. Environmentally and Socially Sustainable Development Department, 2006, Ghana Country Environmental Analysis, Available at: http://siteresources.worldbank.org/INTRANETENVIRONMENT/3635842-1175696087492/21919456/Ghana_CEA.pdf [Accessed 03rd May 2011]. Hossain, S.M., (2003). ‘Taxation and pricing of petroleum products in developing countries: A framework for analysis with application to Nigeria’, International Monetary Fund Working Paper, Available at: imf.org/external/pubs/ft/wp/2003/wp0342.pdf [Accessed 03rd May 2011]. KopiÅ„ski, D., Undermining mining: the impact of the financial crisis on the mineral based economies of Sub-Saharan Africa, Available at: files.africanstudies.webnode.com/200000108/Undermining%20mining.pdf [Accessed 03rd May 2011]. Lawal, M. A., Constraints to Small Scale Mining in Nigeria: Policies and Strategies for Development, Available at: dundee.ac.uk/cepmlp/car/assets/images/Nike.pdf [Accessed 03rd May 2011]. Nwete, B.O.N., Mineral and Petroleum Taxation How Can Tax Allowances PROMOTE Investment in the Nigerian Petroleum Industry, Available at: dundee.ac.uk/cepmlp/car/html/car8_article14.pdf [Accessed 03rd May 2011]. Onugu, B. A. N., 2005, Small and Medium Enterprises (SMEs) In Nigeria: Problems and Prospects, Available at: stclements.edu/grad/gradonug.pdf [Accessed 03rd May 2011]. The Minerals Commission of Ghana, The Minerals Commission of Ghana, Available at: ghana-mining.org/ghweb/en/ma/mincom.html [Accessed 03rd May 2011]. Twerefou, D.K., 2009. Mineral Exploitation, Environmental Sustainability and Sustainable Development in EAC, SADC and ECOWAS Regions, Available at: uneca.org/atpc/Work%20in%20progress/79.pdf [Accessed 03rd May 2011]. Websites MBendi, 2011. Mining in Nigeria, Available at: mbendi.com/indy/ming/af/ng/p0005.htm [Accessed 03rd May 2011]. Acts Ministry Of Mines And Steel Development, National Minerals and Metals Policy, Available at: mmsd.gov.ng/Downloads/NATIONAL%20POLICY%20ON%20MINERALS%20METAL.pdf [Accessed 03rd May 2011]. The Nigerian Minerals and Mining Act, 2007. Mining In Nigeria, Available at: gbc-law.com/Mining_in_Nigeria.pdf [Accessed 03rd May 2011].

Tuesday, November 5, 2019

Games to Support Skills for Children with Disabilities

Games to Support Skills for Children with Disabilities Games are an effective tool to support instruction in special education. When your students know how to play a game, they can play it independently. Some board games and many electronic games are available commercially or online, but they dont always support the skills that your students need to build. At the same time, many online computer games fail to support social interaction, which is an important benefit of supporting instruction with board games. Reasons for Games Drill and Repetition: Students with disabilities often need lots and lots of practice on skills, beyond what they would receive in a general education class, in a more naturalistic approach to instruction. We also know that students have difficulty generalizing skills, so games that use math or reading skills in a game will motivate children to use those skills across more social settings.Social Skill Training and Practice: Many children with disabilities, especially developmental disabilities such as autism spectrum disorders, have difficulty with social interactions. Board games support waiting, turn taking, and even losing gracefully, which both typical, and children with special needs struggle with. Games can even be designed to support social skills, such as a social skill game that requires students to complete a social task successfully (Say hello to a friend, etc.), to stay on a square on the board, or you can make some social skills cards for existing games (Chance cards on Monopoly?). Peer-Mediated Instruction:  Children with disabilities benefit from having skills modeled by typically developing, non-disabled peers. Those skills will include both academic and social skills. The typical peers will be sure to check the work of their challenged peers and can supervise play. Games as part of inclusion give both groups opportunities to practice skills, exercise some socially appropriate behavior, and build positive peer relationships. Bingo Kids love bingo. Kids with disabilities love bingo because it doesnt require knowing lots of rules, and since everyone plays through every game, it scores well on the engagement scale. It requires that they listen; identify the numbers, words, or pictures on the card; place a cover on the squares (fine motor skills), and recognize the pattern of covered squares. Many bingo games are commercial and available through online or brick and mortar stores. Teaching Made Easier, an online subscription tool for making games is an excellent way to make sight word, number, or other sorts of bingos, including picture bingos. Kinds of Bingo Games Vocabulary Building Bingos: These bingos have children cover pictures of animals or items in other categories to build receptive language.  Number Recognition Bingos: Teaching Made Easier makes it possible to customize the range of numbers used for Bingo. You can make one set of cards that uses numbers from twenty to forty to give students practice in recognizing numbers larger than twenty, but not the whole shooting match up to 100. You can also ask students with strong number recognition to read the cards, as it helps them build their skills in reading numbers aloud. Educators often recommend that some recitation in math instruction is included to be sure the numbers also get into students mouths.  Math Fact Bingo: Call numbers and have students cover matching math facts (i.e., call 12 and students can cover 2 x 6 or 3 x 4) Board Games You can build a board game based on any number of different games: Parchesi, Sorry, Monopoly. The simplest games are simple games that start at one place and end at the finish line. They can be used to support counting, or they can be used to support specific skills. You can use dice, or you can create spinners. Many Math series provide spinners that you can adapt: Once again, Teaching Made Easier provides a template for spinners. Kinds of Board Games Counting Games: An example is Halloween Rumble. Start with a serpentine path divided into squares, use dice (to building counting and adding skills) or a spinner. You can use a spinner for skip counting games (by 2s and 5s).Social Skills Games: Design this after games like Life or Monopoly, where students take cards to complete a social skill. Perhaps you might have a stack of requests such as, Ask a friend for help on your math, or a greeting: Greet a teacher in school. Quiz Show Games A great way to help students prepare for a test is a Quiz Show format. Build your game like Jeopardy and make you categories support whatever topic your students are preparing for. This is an especially good tactic for a secondary teacher who can pull a group from a content area class to prepare for a test. Games Create Winners! Games are a great way to engage your students, as well as give them lots of opportunities to practice skills and content knowledge. They seldom realize that the whole time they are competing with their classmates, they are supporting learning with their peers. It can provide some formative assessment information, letting you see whether a student understands a skill, a content area or a set of concepts.

Sunday, November 3, 2019

Accounting information system Implementation Plan Essay

Accounting information system Implementation Plan - Essay Example The new system would serve the purpose of information systems auditing. Information system auditing is carried out to identify the reliability of data processed into the financial system. Reliability of such a system is necessary because the information systems are responsible for generating the financial statements. The following issues play a key role in the implementation plan and thus, affect the overall system. The focus of the implementation strategy is on those procedures that affect the overall working of the system. The implementation of the new system would bring major changes in the organization. Therefore, we need change management policy and procedures to handle that. The main idea behind forming and implementing a change management policy is to provide a guideline for the management of change in an effective manner so that the human resource, i.e. the employees and the customers are not taken by surprise. Moreover, when we make changes, we need to plan ahead, monitor and take continuous feedback to reduce retention for the new system in the organization and to increase value addition by the system. Before we move onto the procedure of managing change, we must define what is change management? Change Management is the process of managing changes that happen with the implementation of some new system or with changing scenario (Change Management – Best Practice, 2009). We need to realize the issues that would arise as the Quickbooks Enterprise 9 is deployed in the organization: Retention – Changes are not usually welcomes, therefore, it is perfectly normal that Hydraulics Manufacturing Co. would have to face retention from its staff. This retention is mainly due to the apprehension that the experienced staff members might lose their job due to the new system. System Failure – Another risk associated with the deployment of the system is that it might not serve the purpose it is intended to serve. It might fail and not function properly

Friday, November 1, 2019

Workplace Romance in the Hospitality Industry Research Paper

Workplace Romance in the Hospitality Industry - Research Paper Example As a result of this constant sharing of working space there remains a high chance of the workers in the hospitality industry getting romantically involved with each other. Every worker spends a considerable amount of the day in his or her office. Above that the workers in the hospitality industry work under stressful conditions like round the day duties and living up to the demands of people of different kinds. As a result seeking supports from co-workers and consequent blooming of romance between them is prevalent trend in this industry. In any office environment the co-workers share a lot of feeling like experiences, interests, fears, setbacks and achievements with each other. Therefore it can be seen that the factors responsible for giving birth to romance are always present in the working environment. The constant sharing of emotions may lead to the development of emotional and romantic leanings on each other. The usual office romance varies from casual flings and affairs to the more serious relationships. In the hospitality industry there are also many instances of sexual harassment between co-workers and the scholars have distinguished the workplace romance from sexual advances. Workplaces romances in have been defined as relationship based on mutual desire and physical attraction between the workers of the same organization. It is also necessary that the people have found each other through the course of their work and the relationship is consensual. For romance between workers separated by hierarchy it is important that the romance spreads beyond the traditional employer employee relationship. Workers from all age group have been found to be associated with workplace romance. However the highest probability of romance between colleagues lies in the age group from 35 to 44. In a survey almost 44% of the interviewee in this age group has admitted to date their co-workers (Pearce, 2010). Some very important points of discussion about workplace romance have been the causes for the development of the romance, the effect of office romance on the peers and environment of the office as well as on the people involved directly and the managerial decision or attitude towards accepting the romance (Odgers, 2004, pp 221-222; Burke, Mattis, 2005 p 153; Sias, 2009, p 140). It will be relevant to mention that many of the organizations have a defined policy on workplace romance though no such references could be found directly for the hospitality industry. It has often been debated whether workplace romance leads to better performance of the employees and also the effect of romance on the other co-workers Reasons and the Consequences of Office Romance According to Fiona M. Wilson (2007) the study of romance in office as a sociological subject started 30 years ago. Such studies were of immense interest for the management who wanted to know the consequence on the organization as a result of romances between the workers. According to Peter Corser (20 11), a person spends a third of their day in their office. Under such a situation the author finds it natural for romance to brew between the co-workers. Moreover it can also be mentioned here that for people working in a team the skills, experiences and the knowledge are very similar. Therefore there is a high chance of people sharing common interests and therefore finding each other attractive. However he has also noted that many organizations have discouraging policies for such romances. The organization has