Rhetorical Devices Used By Brave New World Essay - 2350 Words

Brave New World Chapter 4-6 1. Rhetorical device (can use diction, sentence structure, grammar, etc) and/or Logical Fallacies: Identify 5 Rhetorical devices or Logical Fallacies in each chapter and discuss what effect it has on the tone, message, etc – in other words, what is its significance? Quote with page number Rhetorical Device/ Fallacy Effect ** This is the MOST IMPORTANT part, so make this really insightful** â€Å"Bernard’s physique was hardly better than that of the average Gamma†. pg. 64 (Describing Helmholtz) â€Å"He was a powerfully built man, deep-chested, broad-shouldered, massive†¦a beautifully shaped head†¦handsome...a lecturer at the College of Emotional Engineering†¦the Escalator-Squash champion†¦[and] had six hundred and forty different girls in under four years†. pgs. 66-67 Juxtaposition Bernard juxtaposes Helmholtz. He is an Alpha-Plus who fails to fit in with his caste due to his scrawny physique. His physical stature is no different than those of the average Gamma. It is evident that his conditioning is incomplete as he doesn’t enjoy community events, promiscuous sex, or sports and doesn’t see the need to take soma. Helmholtz is handsome, physically superior, can get any female he chooses, and is more intelligent than Bernard. Unlike Bernard, he is also well respected and is very comfortable in his caste. â€Å"Ford, we are twelve; oh, make us one, Like drops within the Social River; Oh, make us now together run As swiftly as thy shining Flivver†. pg. 81Show MoreRelatedThe Reflection Of The Apollo 11 Moon Landing1116 Words   |  5 Pagesthe memories of the witnesses. The Apollo 11 moon landing is one of them. It is described as one of the most historic moments in science. The rare occasion was not only broadcasted around the world, but many writers wrote about this event. There are four Apollo 11 texts that use effective rhetorical devices that truly explain and display what took place on July 16th, 1969. The first text is an article called â€Å"Man Takes First Steps on the Moon† that appeared in The Times. The next text is a speechRead MoreMicroscopic Look At Jfk s Inaugural Address982 Words   |  4 PagesMicroscopic Look at JFK’s Inaugural Address The 1960’s was a time when the world was facing the Cold War and America was facing the Civil Rights Movement. On January 20, 1961, at the age of 43, John Fitzgerald Kennedy was sworn into office as the 35th President of the United States. As the youngest president of the United States, Kennedy needed to prove to the American citizens that he was a great leader and that they did the right thing to elect him. (History.com) The night before JFK’s inauguralRead MoreRhetorical Analysis of Martin Luther Kings I Have A Dream Speech1089 Words   |  5 Pagesof the speech, it was primarily King’s masterly use of different rhetorical instruments that encouraged Kennedy and his team to take further steps towards racial equality. King effectively utilizes numerous linguistic devices, such as metaphors, anaphoras, allusions, and provides an abundance of specific examples in his address and this all makes the speech more convincing and memorable. But before we look at these rhetorical devices employed in the speech in more detail, a brief summary of the discourseRead MoreAnalysis Of Platos Allegory Of The Cave864 Words   |  4 PagesOn the surface of Plato’s â€Å"Allegory of the Cave† it is just a simple piece, but the main purpose of the piece is to explain people living in a world of face value and having individuals break free from the main idea to create a new sense of what the world is truly about. In here, Plato uses the writing style of allegory to encompass the use of imagery and symbolism to explain his purpose. He also uses very clever dialogue with constant repetition to represent a bigger idea about the philosophy withRead MoreRhetorical Analysis Of Apollo 111257 Words   |  6 Pages The worldwide attention brought about by the success of the Apollo 11 moon landing was used by many speakers and writers to push forward their own agenda or opinions using a variety of rhetorical appeals and strate gies. The texts, â€Å"Man’s First Step on the Moon† , a news article by the Times of London, â€Å"In Event of Moon Disaster†, a prepared speech to be spoken by President Nixon written by William Safire, â€Å"The July 16, 1969, Launch: A Symbol of Man’s Greatness†, a commentary by philosopher Ayn RandRead MorePoetry and War1681 Words   |  7 Pagessoldier’s life on the western front. 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Rhetoric always has the connotations of being about appearances rather than reality but he doesnt sound false. He plays with the patriotic abstractions that allow for a certain kind of rhetorical manoeuvring and fills them with specificRead MoreA Linguistic Analysis of Obama’s Inaugural Address9492 Words   |  38 Pageshistorical, cultural and social circumstances ........................................... 4 2.1 Social and cultural background †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 2.2 Historical/political context .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 3. Methodology †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4. Rhetorical and linguistic strategies †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 7 4.1. The use of personal deixis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 4.2. Rhythm †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...... 10 4.3. Parallelism and foregrounding †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. .13 4.3.1. Parallelism – syntactic and lexical†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦

Statement of Purpose for My Masters in Industrial Engineering

Statement of Purpose An avid interest in mechanical devices found me tinkering with machine parts of toys as a child, and later on, with gadgets around the house, which I would try my hand at repairing. By the time I was in high school, this interest extended to motor bikes as well. Apart from the thrill of riding one, I was fascinated by the engine responsible for its movement. I desired to know about the underlying technology governing the operation of engines and all kinds of machines. My interest and strength in Math and Physics were also the clinching factors in propelling me towards pursuing a course in mechanical engineering in college. I subsequently enrolled in Manipal Institute of Technology, Karnataka, in 2008 with a B.Tech in Mechanical Engineering. In college, being exposed to a more advanced course of learning through subjects like Manufacturing Processes, Operations Research, Industrial Management, Quantitative Techniques, to name a few, I set about putting my learning on a firm footing through hard work and dedication. I was fortunate to this end, by being taught by excellent faculty who opened up a vast field of knowledge for me. I also expanded my knowledge horizon by working in projects and undergoing internship trainings that equipped me with the requisite skills to impact the mechanical domain. I executed a project titled, â€Å"DESIGN AND ANALYSIS OF MULTI-UTILITY FARM TRACTOR FOR PADDY CULTIVATION† under the expert guidance of Mr. Chandrakant RShow MoreRelatedMaster Of Science : Information Science And Technology Essay979 Words   |  4 PagesStatement of Purpose Name: Sujit Subhash Program: Master of Science in Information Science and Technology I am applying for the Master of Science in Information Science and Technology program at the Missouri University of Science and Technology as I believe this program will give me the strongest foundation and skills to one day drive my entrepreneurial endeavors. In the technological age that we live in, the next great idea is just around the corner. This program will help me develop not justRead MoreProgram Of Interest : Mba / Technology Management1057 Words   |  5 Pages PROGRAM OF INTEREST: MBA/Technology Management STATEMENT OF PURPOSE Albert Einstein’s words of wisdom, â€Å"Problems cannot be solved at the same level of awareness that created them.† interested me right from my school days and with single-minded devotion I focused my attention throughout my career in school and college to increase my level of awareness to understand life and the associated problems. 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After intense introspection of my abilities, academic background, areas of interest and futureRead MoreThe Effects Of Hydrology And Environment On Water Resources Essay1000 Words   |  4 PagesStatement of Grant Purpose Mohammad Shafi â€Å"Danishyar†, Afghanistan, Water Resources Engineering As we all know that water is a synonym for life and aside from the security issues, my country’s economy is badly impacted by the issues related to lack of water resources. According to estimation by World Bank, Afghanistan’s current population is about 32 million, which will increase to nearly 60 million by the year 2055. 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He is also an Alumni of Munchen, West Germany where he understood an advanced course in Electrical/Electronic. My mother has a bachelor degree in Business Administration. They both reside in Nigeria, my father is a business man and also a traditional ruler (King). While my mother also run her chain of businessesRead MoreApplying for a Master ´s in Microbial Biotechnology Essay993 Words   |  4 Pagesin Microbial Biotechnology Statement of Purpose Having pursued relevant projects, courses and considering my aptitude, I find myself interested in life sciences and more specifically in Microbiology. I believe that pursuing Masters in Microbial Biotechnology at North Carolina State University will help me to widen my knowledge, hone my technical and managerial skills and provides me an opportunity to contribute to cutting edge researchRead MoreMba Program At Mumbai University1250 Words   |  5 Pages STATEMENT OF PURPOSE Purusing MBA requires determination and strength of character. In recent years, the growth of the business world has become so huge that now there are no restricting borders and one can open up his/her business anywhere he/she wants to. With the increase in the demand for business executives, it has become a must to obtain a degree in management. As a native Asian, I am well aware of this growth, and thus want to gain as much knowledge as I can, so that I could achieve my dreamsRead MoreStatement of Purpose1293 Words   |  6 PagesSTATEMENT OF PURPOSE â€Å"I believe that imagination is stronger than knowledge -- myth is more potent than history -- dreams are more powerful than facts -- hope always triumphs over experience -- laughter is the cure for grief -- life is stronger than death.† If you ask me to describe myself I would say that I am pleasant, diverse, and active man. I think one of my most distinguishing characteristics is the diversity of experiences I possess. 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Risk and Compliance in Hospitality Industry- Myassignmenthelp.com

Question: Discuss about the Risk and Compliance in Hospitality Industry. Answer: Introduction The severity of the risks in hospitality industry is similar to the other industries in this business market. The increasing demands of the stakeholders, advancements and business innovations, and frequent competitions are the major challenges for the companies. Therefore, most of the companies undertake the innovative procedure to strengthen the competitive position (McNeil, Frey Embrechts, 2015). During such time, most of the companies face the severe risks that affect the organisational determinations and reputation in a significant way. Similarly, the hospitality industries have been facing the challenges with the risk and compliance system. The study will analyze the risk and compliance process of Orion Hotel and Resort in Australia. The analysis of the risk severity and the risk treatment plan will be included in the study. The further implication will also be discussed in this research paper. Identification of two risks In keeping pace with the developing global economy, the number of the business and innovations process is also increasing (Prez del Bosque, 2014). Hence, the business risks are becoming more visible these days. The hospitality industry is also significantly affected by these risks. Similarly, Orion Hotel and Resorts has been facing the potential challenges in two major segments. First issue is found in maintaining the cyber security. It is notable that the cyber security has been one of the major concerns for different industries (Ghaderi, Saboori Khoshkam, 2017). The hotel has to collect the adequate information about the guests to ensure the securities. Currently, the management of Orion Hotel and Resorts has been facing challenges in keeping the privacy and confidential information in the computer. Some of the internet hackers are now getting access to the internal computer security, which is the biggest threat to the companys reputation (Van der Wagen Goonetilleke, 2015). On the other hand, it has been observed that currently, the hotel has been receiving the negative remarks and reviews from the guests due to the ill-behaviour of the staffs. It is notable that may of the guests behave much rudely. When they are not satisfied with any service, they sometimes yell at the staffs. However, it is necessary for the staffs to keep the patience and behave politely (Cavusoglu et al., 2015). Instead of such polite behaviour, it was complained that the staffs are much rude and they do not have the sufficient knowledge about the hotel norms and services. These potential risks are much hazardous for the company to maintain the long-term sustainability (Tung Chen Schuckert, 2017). Moreover, the company has been facing the reputational hazards that may affect the business profitability. The further study will thus analyze the likability of these risks that may cause the reputational damage. Likelihood of the Risks and Consequences In a risk management process, it is essential to measure the likelihood and severity of the risks. The likelihood analysis would provide the ideas about the risk potentiality that can be harmful for the organisation. Probability Impact Very Low 1 Low 2 Medium 3 High 4 Very High 5 Very High 5 5 10 15 20 25 High 4 4 8 12 16 20 Medium 3 3 6 9 12 15 Low 2 2 4 6 8 10 Very Low 1 1 2 3 4 5 Table 1: Risk Likelihood (Source: Created by Author) The low risk probability with the high impact ensures the severe form of the risks (Law, Buhalis Cobanoglu, 2014). For example, the privacy breaching has the low probability but the impact is high will be a sever risk for the hotel. On the other hand, the risk occurrence of the poor staff behaviour with the guests is medium in the probability whereas the impact is very high. Hence, these risks cannot be ignored. If these risks would be ignored, it will create the potential damage to the organisational profitability as well as the sustainability (Lee Oh, 2014). Hence, it is essential for the company to develop the proper risk management plan that can mitigate such issues and risk and retain the sustainable position in a competitive market. Risk Treatment Plan Considering the above risks and their severity, it is essential to develop the proper risk treatment plan to retain the reputed position of the business. The plan is structured below. Risk Description Control Effectiveness Risk Treatment Monitor Review Implementation Status Treatment Action Responsibility Implementation Date 1) Security Breaching Highly Effective Extra Security Software Improvement of the information technology Evaluation of the cloud technology to restore the data Biometric sensor The risk management team 16th June, 2017 Once in a week In progress 2) Poor staff behaviour Highly effective Hospitality Training Proper knowledge transfer Hotel Manager and Human Resource Management 14th June 2017 In every two days In progress Table 2: Risk Treatment Plan (Source: Created by the Author) Recommendation The above analysis provides the ideas about the underlying risks and probable solutions for mitigating the risks. It is necessary to undertake the procedures for reducing the risks and protect the reputational damage. Some of the preferable recommendations are provided below: 1) Security Breaching is one of the major concerns for both the company and the stakeholders. However, it can be suggested that the implementation of the improved information technology would be beneficial for the company to keep the confidential data protected from the hackers. Moreover, development of the cloud computing would also be helpful in storing the data in a safer place. 2) It is necessary to provide the proper hospitality training to the staffs associated with the hotels. They need to keep the patience level high while dealing with the abusive guests even. The polite behaviour is necessary in the hospitality sector. Hence, the proper hospitality training would be much beneficial in providing the quality services to the guests and deal with them politely. Conclusion The study identifies the potential risks in Orion Hotel and Restaurant in Australia. It has been observed that the company is currently facing the issues with the data privacy and security process. The poor management system is causing the loss of guest data that can create the marginalized effects on the companys sustainability. On the other hand, the review of the guests point out that staff behaviour was not even polite. Hence, it is essential for the company to develop the IT security. On the other hand, the staffs will receive the proper hospitality training to maintain a friendly and polite relationship with the guests. Evaluation The risk management plan for both the case study signifies the different method of handling the risk management procedures. In order to evaluate the different methods, it is necessary to identify the different risks occurred in the different scenario. It has been noted that the major risk was found in Orion Hotel and Resort was the lack of proper security and the poor staff behaviour. On the other hand, the Five Star Hotel in Melbourne has been facing the issues with the staff turnover, personal injury or death, unsuitable hiring, information breaching, and discriminatory practices. The main implication for the Orion Hotel and Resort was to implement extra security and software that can protect the data, especially the information of the staffs. On the contrary, the Five Star Hotel in Melbourne minimizes the risks of staff turnover by offering potential for advancements and maintaining flexibility to balance the workload. The hotel is also encouraging the employees with the friendly behaviour. The Orion Hotel and Resort is also undertaking the scheduled planning for effective training and development session. It is one of the most effective methods of improving the staffs behaviour. The Five Star Hotel in Melbourne is also undertaking the training and development session as well as the closer supervision of the staffs. The maintenance of the monitoring and reviewing process is much helpful in determining the effective staff behaviour at the hotel industry. The customer service is the major aspect of ensuring sustainability of the hotel industry. It is to be stated that the guests are influenced by the behaviour of the attendants. The hospitality management is the major focus of every hotel industry. The human resource management takes the active participation in arranging the proper training and development session. Another most significant factor in the hotel industry is the protection of the information. The data breaching can create the negative impact on the company in a significant way. Hence, it is essential to develop the software security to prevent the data breaching aspect. It is notable that the human resource management even needs to concentrate on the recruitment process to engage the suitable candidate. It is necessary to maintain the reputation of the Five Star Hotel that will be judged by the customer review. Hence, satisfying the customers with proper hospitality is essential for the companies. Hence, the process of mi nimizing the emerging risks is quite beneficial to maintain the reputation and long-term sustainability. Keeping the personal information in a safer way is another most specific requirement that the hotel industry need to maintain. Implementing the risk assessment plan can change the likelihood of the severity of the risks. The authorized person should be appointed to handle the entire information. The human resource management needs to engage those staffs with proper authentication to handle such security issues. The maintenance of the security performance would thus be effective enough in protecting the data of the associated staffs as well as the higher management. Accordingly, the hotel industry can deal with all the probable risks that may harm the long term sustainability References Cavusoglu, H., Cavusoglu, H., Son, J. Y., Benbasat, I. (2015). Institutional pressures in security management: Direct and indirect influences on organizational investment in information security control resources.Information Management,52(4), 385-400. Ghaderi, Z., Saboori, B., Khoshkam, M. (2017). Does security matter in tourism demand?.Current Issues in Tourism,20(6), 552-565. Law, R., Buhalis, D., Cobanoglu, C. (2014). Progress on information and communication technologies in hospitality and tourism.International Journal of Contemporary Hospitality Management,26(5), 727-750. Lee, S., Oh, H. (2014). Effective communication strategies for hotel guests green behavior.Cornell Hospitality Quarterly,55(1), 52-63. McNeil, A. J., Frey, R., Embrechts, P. (2015).Quantitative risk management: Concepts, techniques and tools. Princeton university press. Prez, A., del Bosque, I. R. (2014). Sustainable development and stakeholder relations management: Exploring sustainability reporting in the hospitality industry from a SD-SRM approach.International Journal of Hospitality Management,42, 174-187. Tung, V. W. S., Chen, P. J., Schuckert, M. (2017). Managing customer citizenship behaviour: The moderating roles of employee responsiveness and organizational reassurance.Tourism Management,59, 23-35. Van der Wagen, L., Goonetilleke, A. (2015).Hospitality Management, Strategy and Operations. Pearson Higher Education AU.

Loyalty 2 free essay sample

Loyalty # 8211 ; Definition Essay, Research Paper Loyalty is a complicated construct, which can be interpreted in many points of positions. It is related to many other footings such as love, friendly relationships, household relationships and many others. Loyalty is most of the clip the footing of these other constructs. Without the presence of trueness a strong relativity can neer be built. Other than emotional relativities, trueness is valid for many other countries, every bit good. The dictionary defines the word trueness as ; Feelingss of devoted fond regard and fondness. As seen in this definition, trueness is relevant with devotedness, and fondness. Many people know devotedness as a equivalent word for trueness. This is incorrect. The ground for this is, that trueness can merely be the footing of devotedness, non the definition of it. The state of affairs is the same for fondness besides. Affection can non be present without trueness, but there can be loyalty without fondness. We will write a custom essay sample on Loyalty 2 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are of class other constructs that trueness is relevant with. Love, such as fondness, can non be present without trueness. A healthy relationship can merely be built on trueness. By relationship, every sort of relativity is meant. Without trueness, the construct of household should non be considered. As stated in the debut, there are many readings of trueness. The most common one is, understanding trueness as a infantile wont. Particularly in Turkish society, this sentiment is common. Often, work forces think of being loyal to their married womans as a feminine issue. On the other manus, a more of import job is that adult females are non anticipating trueness from their hubbies any longer. This is a really unfortunate illustration of devolution of a society, because of missing trueness. Another misunderstanding of trueness can be as the followers. Often times trueness is being used as a arm against the loyal individual. A bad natured individual can utilize the trueness of the other individual against him and can make a batch of things. Trust ( another relevant construct ) is the cardinal construct here. Along with trueness, trust comes, and trust is the key to deceit and lying. Other than emotional countries, trueness is the key to other things as good. For illustration, in concerns, employers should derive the trueness of their employees to win in their concern. If the employee does non experience trust towards his / her employer, so s/he would non be enthusiastic in working for him / her. Likewise, if a rise is expected, so there should be trueness. Large accomplishments can non take topographic point without trueness between the two sides. To give a specific illustration, we can take physicians. Loyalty is a really of import virtuousness in a physician s occupation. A patient would decidedly desire to experience that his / her physician is being loyal to him / her. The ground is, as said before, trueness brings trust along with it, and trust is a definite thought in a physician patient relationship. Loyalty is a virtuousness that is a must in about everything human existences take portion in life. It is the key to wining, every bit good as a healthy relationship. If thought analytically, it will be understood that about every job occurs that concern the human existences is based on either disloyalty or the lacking of trueness ( two different constructs ) .

Alzheimers essays

Alzheimers essays Alzheimers disease (pronounced AHLZ-high-merz) is a complex disease that affects the brain. Approximately 4.5 million Americans have this disease. Although many things about Alzheimers remain a mystery, research continues to bring us a better understanding of the disease, more accurate diagnoses, and more effective treatments. Alzheimers disease is one of several disorders that cause the gradual loss of brain cells. The disease was first described in 1906 by German physician Dr. Alois Alzheimer. Although the disease was once considered rare, research has shown that it is the leading cause of dementia. Recent memory loss that affects skills. It is normal to occasionally forget appointments, recent events, names or telephone numbers. Those in the early stages of Alzheimers Disease may forget things more often and may struggle with or drop out of complex activities, which require a high level of brain power. Repetitiveness in conversation is another sign of short term memory loss. Difficulty performing familiar tasks. Busy people can be so distracted from time to time that they may leave the carrots on the stove and only remember to serve them at the end of the meal. People with Alzheimers Disease could prepare a meal, forget to serve it, and also forget they made it. Everyone has trouble finding the right word sometimes, but a person with Alzheimers Disease may forget simple words or substitute inappropriate words, making his or her sentences incomprehensible. Its normal to forget the day of the week or your destination for a moment, but people with Alzheimers Disease can become lost on their own street, not know where they are, how they got there, or how to get home. People can become so involved in an activity that they temporarily forget about the running water tap or such like. They may dress inappropriately, wearing several shirts or blouses or nightwear over day ...

Medieval Childbirth and Baptism

Medieval Childbirth and Baptism The concept of childhood in the middle ages and the importance of the child in medieval society is not to be overlooked in history. It is fairly clear from the laws designed specifically for the care of children that childhood was recognized as a distinct phase of development and that, contrary to modern folklore, children were not treated as nor expected to behave as adults. Laws regarding the rights of orphans are among the pieces of evidence we have that children had value in society, as well. It is difficult to imagine that in a society where so much value was placed on children, and so much hope was invested in a couples ability to produce children, children would regularly suffer from a lack of attention or affection. Yet this is the charge that has often been made against medieval families. While there have been- and continue to be- cases of child abuse and neglect in western society, to take individual incidents as indicative of an entire culture would be an irresponsible approach to history. Instead, let us look at how society in general regarded the treatment of children. As we take a closer look at childbirth and baptism, well see that, in most families, children were warmly and happily welcomed into the medieval world. Childbirth in the Middle Ages Because the foremost reason for marriage at any level of medieval society was to produce children, the birth of a baby was usually a cause for joy. Yet there was also an element of anxiety. While the childbirth mortality rate is probably not as high as folklore would have it,   there was still a possibility of complications, including birth defects or a breech birth, as well as the death of mother or child or both. And even under the best of circumstances, there was no effective anesthetic to eradicate the pain. The lying-in room was almost exclusively the province of women; a male physician would only be called in when surgery was necessary.  Under ordinary circumstances, the mother- be she peasant, town-dweller, or noblewoman- would be attended by midwives. A midwife would usually have more than a decade of experience, and she would be accompanied by assistants whom she was training. In addition, female relatives and friends of the mother would frequently be present in the birthing room, offering support and good will, while the father was left outside with little more to do but pray for a safe delivery. The presence of so many bodies could raise the temperature of a room already made warm by the presence of a fire, which was used to heat water for bathing both mother and child. In the homes of the nobility, gentry, and wealthy townspeople, the birthing room would usually be freshly-swept and provided with clean rushes; the best coverlets were put on the bed and the place was turned out for display. Sources indicate that some mothers may have given birth in a sitting or squatting position.  To ease the pain and to hasten the process of childbirth, the midwife might rub the mothers belly with ointment. Birth was usually expected within 20 contractions; if it took longer, everyone in the household might try to help it along by opening cupboards and drawers, unlocking chests, untying knots, or even shooting an arrow into the air. All of these acts were symbolic of opening the womb. If all went well, the midwife would tie off and cut the umbilical cord and help the baby take its first breath, clearing its mouth and throat of any mucus. She would then bathe the child in warm water or, in more affluent homes, in milk or wine;  Ã¢â‚¬â€¹she might also use salt, olive oil, or rose petals. Trotula of Salerno, a 12th-century female physician, recommended washing the tongue with hot water to assure the child would speak properly.  It was not uncommon to rub honey on the palate to give the baby an appetite. The infant would then be swaddled snugly in linen strips so that his limbs might grow straight and strong, and laid in a cradle in a dark corner, where his eyes would be protected from bright light. It would soon be time for the next phase in his very young life: Baptism. Medieval Baptism The primary purpose of  baptism  was to wash away original sin and drive all evil from the newborn child. So important was this  sacrament  to the Catholic Church that the usual opposition to women performing sacerdotal duties was overcome for fear an infant might die unbaptized. Midwives were authorized to perform the rite if the child was unlikely to survive and there was no man nearby to do it. If the mother died in childbirth, the midwife was supposed to cut her open and extract the baby so that she could baptize it. Baptism had another significance: it welcomed a new Christian soul into the community. The rite conferred a name on the infant that would identify him throughout his life, however short it might be. The official ceremony in the church would establish lifelong ties to his godparents, who were not supposed to be related to their godchild through any blood or marriage link. Thus, from the very beginning of his life, the medieval child had a relationship to the community beyond that defined by kinship. The role of godparents was mainly spiritual: they were to teach their godchild his prayers and instruct him in faith and morals. The relationship was considered as close as a blood link, and marriage to ones godchild was prohibited.  Because godparents were expected to bestow gifts on their godchild, there was some temptation to designate many godparents, so the number had been limited by the Church to three: a godmother and two godfathers for a son; a godfather and two godmothers for a daughter. Great care was taken when selecting prospective godparents; they might be chosen from among the parents employers, guild members, friends, neighbors, or lay clergy. No one from a family that the parents hoped or planned to marry the child into would be asked. Generally, at least one of the godparents would be of a higher social status than the parent. A child was usually baptized on the day he was born. The mother would stay at home, not only to recuperate, but because the Church generally followed the Jewish custom of keeping women from holy places for several weeks after giving birth. The father would assemble the godparents, and together with the midwife they would all bring the child to the church. This procession would frequently include friends and relatives, and could be quite festive. The priest would meet the baptismal party at the church door. Here he would ask if the child had been baptized yet and whether it was a boy or a girl. Next he would bless the baby, put salt in its mouth to represent the reception of wisdom, and exorcise any demons. Then he would test the godparents knowledge of the prayers they were expected to teach the child: the  Pater Noster,  Credo, and  Ave Maria. Now the party entered the church and proceeded to the  baptismal font. The priest would anoint the child, immerse him in the font, and name him. One of the godparents would raise the baby up from the water and wrap him in a christening gown. The gown, or crysom, was made of white linen and might be decorated with seed pearls; less wealthy families might use a borrowed one. The last part of the ceremony took place at the altar, where the godparents made the profession of faith for the child. The participants would then all return to the parents house for a feast. The entire procedure of baptism mustnt have been a pleasant one for the newborn. Removed from the comfort of its home (not to mention its mothers breast) and carried out into the cold, cruel world, having salt shoved into its mouth, immersed in water that could be dangerously cold in winter all this must have been a jarring experience. But for the family, the godparents, friends, and even the community at large, the ceremony heralded the arrival of a new member of society. From the trappings that went with it, it was an occasion that appears to have been a welcome one. Sources: Hanawalt, Barbara,  Growing Up in Medieval London  (Oxford University Press, 1993). Gies, Frances, and Gies, Joseph,  Marriage and the Family in the Middle Ages  (Harper Row, 1987). Hanawalt, Barbara, The Ties that Bound: Peasant Families in Medieval England (Oxford University Press, 1986).

Treasury profile of glaxo smithline pharmaceutical company Essay

Treasury profile of glaxo smithline pharmaceutical company - Essay Example rofile shown in the appendix at the end of this paper gives a bird’s eye-view of the company’s treasury management framework and is considered the best suited to the present day environment the company is operating under. The major five functions reviewed in the main text shows that the company is managed conservatively and that it is not engaged in speculative activities. Treasury function in an organisation is essential in order to maintain liquidity in funds flow. Liquidity will be affected due to various risks involved. The management must foresee unavoidable risks involved and provide for such risks by structuring the fixed capital and working capital suitably. (ACT) Company Glaxo Smith Kline PLC, UK‘s case is taken up for study of its treasury management. A brief outline of the company’s treasury profile is furnished in appendix at the end of this paper. Aim and objective of this study therefore is to ascertain the risks faced by this company and how it has designed its capital structure to manage its treasury functions in order maintain its liquidity and whether the current practice of treasury management is adequate or not. Treasury functions encompass capital markets and funding, cash and liquidity management, corporate financial management, Risk management and treasury operations and control. (ACT) The role of the treasury department is to maintain company’s liquidity. The treasurer has to monitor current and projected cash flows and make use of the information to suitably invest excess funds and also be in readiness for additional borrowings or equity in case of capital shortage that may be encountered any time. It should safeguard the existing assets by prudent investment of funds available and also guard against excessive losses arising out of interest rate and foreign exchange fluctuations. Cash forecasting, working capital management, cash management, investment management, treasury risk management, management advice, credit rating

Conspicuous Consumption in America Essay Example | Topics and Well Written Essays - 1500 words

Conspicuous Consumption in America - Essay Example As the report declares Marx’s theories of the fetishism of the commodity informs Veblen’s ideas of possessions having the capability of conferring an abstract noun upon its owner and by the middle of the twentieth century the advertising world had perfected the ability to translate this capability to consumers; at the same time the US economy began depending ever more heavily upon consumption of non-essential goods. Veblen’s â€Å"honor† eventually transformed into something else as the economic divide between rich and poor shrank alongside the growth of the American middle class. That something is called â€Å"status† and advertising works around the clock to convince consumers that status is something they can buy. Marx almost seems to be describing contemporary advertising tactics when he describes how a commodity can be fetishized. â€Å"The mystical character of commodities does not originate, therefore, in their use-value. Just as little does it proceed from the nature of the determining factors of value† This paper stresses that the major shift in the concept of conspicuous consumption from Veblen’s time to contemporary society is that when Veblen coined the term only the wealthy engaged in it; nowadays Americans situated at every point along the economic spectrum freely and willingly engage in consumption that is purely, and all too often only, conspicuous in nature. One needn’t be an economist to figure out that economic growth will be sluggish at best if the primary driving force is a low-profit endeavor.

Te Whariki and Concepts of Play Essay Example for Free

Te Whariki and Concepts of Play Essay How important is play to children’s life? Is it just for fun, or is it actually a passage for children to learn? According to a research conducted in French and Canadian schools, children who spent one-third of school time engaging in physical activity were â€Å"increased in fitness, improved attitudes, and slight improvements in test scores.† And the outcomes correspond with nearly 200 other studies suggesting that â€Å"physical activity supports learning.† (Olga S, 2003.) In this essay, I am going to discuss the influence of play on children’s development and learning, by referring to Vygotsky and Parten’s theories and Te Whariki. What is play? Play is a significant part of children’s development, and it is also a part of their nature. Children love to play, they are more motivated to learn during play, and they obtain all kinds of experiences and knowledge through play. Moreover, play provides opportunities for children to establish good relationships with teachers and peers. For example, in the first week of my last practicum, I helped a four-year-old girl to play number-matching puzzles. We had a very good time playing together, and this girl stayed very close to me for the rest of my practicum. I have also observed in my practicum that children who played together earlier in the day tended to stay together for the rest of the day. This emphasizes the important connection between play and social development of children. Moreover, according to Vygotsky’s theory, culture such as language, values and perspectives is transmitted through social interactions. (The Mozart of Psychology Lev Semenovich Vygotsky, 2005.) He also believed that, children’s cognitive development is socially and culturally mediated, and it depends on and is affected by social interactions. (Berk, 2007.) Children interact with each other through verbal and non-verbal language, and play is a starter to these interactions. Throughout play, they obtain knowledge, practical skills, share ideas and experiences, learn about sharing and turn taking, right and wrong and boundaries and limits. In 1932, Mildred Parten (as cited in R. Tomlin, n.d.) came up with the theory â€Å"Categories of Play†. It classifies children’s play into six categories that represent six types and degrees of children’s social behaviors and development. They are unoccupied play, onlooker play, solitary play, parallel play, associative play and co-operative play. The unoccupied play is a stage where the child does not engage himself in play, not with any other children or toys. The child is more like an ‘observer’ than ‘player’, he may watch other children play and take notice of the things that happen around him. He may stay in one location or move around randomly. During the onlooker play, the child is still more of a ‘watcher’ than ‘player’, he may engage himself with other children verbally during their play, such as asking questions, offer suggestions, but not engage in participating in the activity. Solitary play is a st age where the child plays by himself. There are no interactions with other children, and no interests of what other children are doing. However, when a child plays alone it does not necessarily mean he is socially isolated, it can be that the child just needs some time by himself. Parallel play is a stage that occurs in all age groups. It is when children play with similar toys or engage in similar activities at the same time and location, but play separately. They are more focused on what they are doing than on other children. Associative play mostly occurs between three and four years of age. It is a stage about socialization. Communication and interactions start to occur, children start to learn to share, to take turns. The main focus is not on the objects anymore but on their peers. The last stage is co-operative play. It is a stage that children start to have a concept of ‘team’ and ‘team work’. Everyone is working together toward the final goal by fulfilling the roles they assigned to. Play can be considered as an excellent tool to enhance children’s development. For example, in my last practicum, we often played a game called â€Å"The Rainbow†. It is to ask all the children and teachers to hold a large colorful fabric together, and the children are assigned to different numbers from one to three, then we start to sing a song, when the song finishes, we lift up the fabric, the teacher will call out the number, and the children who are assigned to this number will have to run under the fabric and switch positions. This game offers an opportunity for children to exercise their body by running, lifting up their arms, to practice their thinking skills by understanding the rules of the game, to practice their language skills by singing the song, and to recognize numbers. The children have a really great time playing the game, their emotional well-being has been nurtured, and by playing the game with all teachers together, they would feel safe and protected from harm. Moreover, a sense of belonging has been developed by playing the game together with the whole team. (Ministry of Education, 1996.) Other types of play, such as pretend play, symbolic play also help children to obtain a higher level of cognitive competence. For example, in pretend play, children have to have â€Å"the ability to transform objects and actions symbolically† (Bergen, 2002) Through these various types of play, children start to make sense of the world, to separate fantasy from reality, to learn self-regulation, to practice their thinking skills. It also provides children with opportunities to revisit joyful experiences, or to deal and cope with negative emotions. In terms of making sense of the world, a child who pretends to be a bus driver, and sits at the front of the ‘bus’. The idea of where the bus driver is on a bus comes from the child’s real life experiences, where he gets on the bus with his parents and sees the bus driver sitting in the front, then he starts to release that is the way it is. Also, when a child pretends to be a doctor, he has to understand its characteristic, such as costume, postures and vocabulary, in order to carry out the role. And an example of how children separate fantasy from reality is the ‘cooking’ game that I observed in my last practicum. The children used lots of containers, bottles, spoons and sand to ‘cook’. A four-year-old girl brought me a bottle filled with sand and said, â€Å"It’s milk, it’s for you.† And when I took over the bottle and start to ‘drink’, she said, â€Å"We are not really drinking it, we just pretend it’s milk, ok?† However, some other younger children would actually eat the sand, because they have not yet developed the concept of fantasy and reality. As previously said, pretend play and symbolic play help children to learn self-regulation, to practice thinking skills. They learn to control their emotions, to share toys and take turns, and underst and the reason to do that. They learn that daycare is different from home, and there are different sets of rules to follow. Children also love to re-act the joyful moments they had in previous experiences. For example, on a Monday morning, A came to my practicum centre telling us she had a great time on the beach during the weekend. Then later during the day, A and two other girls took bags, sun glasses and sunhats pretending they are on the beach. From these examples, we can see how children benefit from play. Play improves and enhances the holistic development of children, so for adults, it is important to encourage and enhance children to play, identify children’s learning and provide them with a safe environment, materials, various types of learning experiences and appropriate responds and assistance. Moreover, most importantly, â€Å"adults should make children aware of any hidden risks in physical challenges they set for themselves.† (Fernie, 1988) The four principles of Te Whariki (Ministry of Education, 1996.), empowerment, holistic development, relationship and family and community facilitate appropriate curriculum for children’s development through play. The principle of empowerment ensures that children’s physical and emotional well-being is nurtured. This may include, nutritious meals, appropriate food for children with allergies, sufficient amount of outdoor activity and rest, and knowledge of their body, body function and self-help skills, awareness of harm and skills, sense of safety, and understanding of rules about harming others and the environment. As for the emotional well-being, the principle of empowerment ensures that children take responsibilities of their own decision and actions, develop sense of self-recognition, ability of self-regulation and self-adjustment. The empowerment principle contributes significantly to the second principle, holistic development. It enables children to have a concept of the ECE settings, home and the world, and the links and differences between them, the knowledge of people, objects, communities and natural recourses, and interests in discovering them. Also, it helps children to build confidences through participating in activities and social interactions, initiatives awareness of daily routines and tolerance of changes, enhances their ability to accept new things, and to understand boundaries and limits. The third and forth principles, relationships and family and community work together to enable children to develop communication skills, build confidences in communication and establishing relationships with people from different gender, age group and cultural background. In my last practicum, one of the under two babies held a birthday party together with the over two children, the teachers and parents. The over twos also performed a song they had been practicing for the past two weeks to the parents. During the party, there were lots of interactions going on. The children were communicating with each other and adults verbally and non-verbally, they talks about the previous birthday parties, plans for their future birthday parties, they used facial expressions, gestures, postures and body movement to express themselves, some of the children showed their counting skills to the parent by counting the candles on the cake. The teachers and parents always respond to the children’s questions or needs, and encouraged them to bring their plate and water bottle to the kitchen branch by themselves and wash their hands after eating. Play is an important and significant part a child’s life, it provides opportunities for children to take initiatives in learning. As adults, we should provide children with helpful and suitable resources, materials and assistances to enable appropriate learning to occur. Moreover, it is our responsibility to arm ourselves with skills and knowledge in order to assist children to achieve their goals. We should start to be aware of the value and the significance of children’s play, guide and teach them during their play. Family, educators and caregivers should be working together, to help children to grow up into successful adults, and to make our world a better place. Reference List Bergen, D. (2002). The role of pretend play in childrens cognitive development. Retrieved March 23, 2010 from http://findarticles.com/p/articles/mi_6893/is_1_4/ai_n28132540/?tag=content;col1 Berk, Laura E. (2007). (4th Edition). Development Through the Lifespan. USA: Pearson Allyn and Bacon. Fernie, D. (1988). The Nature of Childrens Play. Retrieved March 23, 2010 April 2, 2010 from http://www.silkysteps.com/family.cfm/auid/481/Hope-Hedgehog/Hopes-Articles/Childrens-Play Ministry of Education. (1996). Te Whariki: He whariki matauranga mo nga mokopuna o aotearoa/ Early Childhood Curriculum. Wellington: Learning Media. Olga S, J. (2003). Recess in Elementary School: What Does the Research Say? ERIC Digest. Retrieved January 23, 2010 from http://www.ericdigests.org/2003-2/recess.html R. Tomlin, C. (n.d.). Play: A Historical Review. Retrieved March 20, 2010 from http://www.earlychildhoodnews.com/earlychildhood/article_view.aspx?ArticleID=618 The Mozart of Psychology Lev Semenovich Vygotsky. (2005). Retrieved March 13, 2010 from http://vygotsky.afraid.org/

Lions for Lambs :: Terrorism

In the movie Lions for Lambs, the Senator sits behind his desk, his face one of excitement and determination. He is talking about the new war on terrorism. As he is speaking , a reporter takes notes. Then he speaks of the terrorists’ view on the last 1300 years of human progress and how they consider it as heresy and that it is punishable by death. We, as Americans, cannot comprehend this idea, as we are always look to the future and progress as a blessing for us and our children. Our faith promotes tolerance and love for our fellow man, so we wonder how a religion can turn people into such unforgiving terrorists. The Islamic faith, which grew from a military basis, is unable to separate the religious aspects from the ruling body, leaving its religious tenants and civil laws open to individual interpretation and an intolerance for other religious beliefs. Because the history of the Islamic faith was built on the unification of the tribes of Arabia they became a powerful force. â€Å" Islam from its inception, is a political as well as a religious movement, and the themes of religion, politics and law are inseparable in the Qur’an and in Islam as a whole.† (Richard Connery, William Dudley) The Muslim military is the rock and foundation on which the Islamic and Muslim faith is built on.

Asian-Americans and their Progress towards Essay

During the many years of the continuous immigration of various nationalities in the United States, it could be noted that many immigrants have already absorbed the culture that Americans have. One of the many ethnicities which had migrated in the United States is the Asians. In the current society of the United States it is known that these groups of people are one of the many ethnic minorities that is housed by the United States. In fact, many of the families of the past migrants have now stayed in the United States had had lived their lives similar to full blooded Americans. However, although most of these immigrants have already acquired all the culture, the language and life style of the Americans it is still not enough for the society that they would be called Americans. On the other hand, the Asian-Americans like other ethnic minorities in the United States are somewhat confused to on the proper identity that they must maintain. One of the main examples of the uncertainty is the Asian-American popular culture which presents evidences regarding such group in the society. In the current popular culture, it is noticeable the many of Asian-Americans had been inclined with certain identity which could be very noticeable in the choices of their consuming behavior. In addition, personal choices such of the music, clothing style and etc. In the written work of Min Zhou and Jennifer Lee (2004), they have clearly stated that the Asian-American youth is directly seen by the American culture as not fitting to the popular images which are most associated with the current popular culture. Such popular cultures that are being discussed were being rap artists, skin heads, punks and the likes. For the longest time, Asian-Americans are seen as stereotypically geek who only focuses directly on their studies instead of being socially active. (Zhou & Lee, p. 1, 2004). Many of the Asian-Americans are obviously shying away from these concepts of being geeks and nerds. Instead, they follow the popular culture and act similarly to the demands of the American society. First and foremost, we could see that many of the Asian-American youth are more inclined to look like a gangster rather than a typical Asian-American. In many television shows and advertisements, there are numerous Asians who steps away from the light that they are individuals who are very serious in being successful that they study very well. Due to the very advanced technological innovations that we have such that of YouTube people could truly see that Asian-Americans are truly absorbing and creating new a type of culture when it comes to music. One of the best examples is David Choi who is known to be a Korean-American. Choi is singer, songwriter and guitarist on his own channel in YouTube. As noticed, Choi is very far from the typical stereotype of Asian who shies away from the crowd. After attaining success and massive support from different individuals he was able to have his own album. Instead of being the stereotypical Asian-American, he proclaims and continuously re-invents his music to suit his fans and the current trend in the society. In the film industry there had been few individuals who are known to be popular in the United States due to the certain film which they have done. One of the most famous Asian-American is Lucy Lui who played one of the Charlie’s Angels. In the movies, it is not often that an Asian-American plays a â€Å"kick-ass† role and presents her self as a strong assertive woman. In the stereotypical eyes of most Americans, Asian-Americans are simple and mostly quiet and demure because this is how they are culturally trained. However, due to such character played by Lui, the concept of how and what a woman should be (through an Asian context) is changed. With such, the Americanization of the Asian woman is clearly seen through the portrayal made by Lui. (â€Å"Is Lucy Liu a Heroine or a Curse? †) In terms of music, an article was written regarding the sudden boom of the Asian-American artists in the music industry. In the article, the author stated that various American-Asian artists are suddenly emerging into the music scene within in various localities in the United States. Most of the tunes that these musicians and artists play are mostly western music when do hip-hop and R&B, as well as a DJ in various clubs. Such artists were Yellow Peril, Seoul Brothers, Mountain Brothers, and a lot more. These artists are said to have gained significant success and a symbolic presence of the developments of the Asian-Americans (Wang, 1998). Therefore, Asian-Americans were already able to join the band wagon of having the same musical preference as the Americans. In addition, they are not only listening to type of music Americans hear but also imitating or innovating towards a new genre of music. In the most current popular culture many Asians are excelling in the freestyle dancing, break dancing and etc. (Tseng, 1998) From the lessons that we have taken, it is known that through consumption and consumerism that the factors of living is defined. From my own personal point of view, I do believe that consumption is a cultural issue that must be deeply studied due to the various concepts attached such as social class, cultural norms and etc. Cultural consumption is also affected by advertising as well as the culture of being brand conscious rather than quality conscious. I have stated this due to my personal experiences as a consumer. As I have observed in the super markets most of the time people spend so much time in thinking on what type of brand they would buy. Just last week I needed to do my grocery when I saw a Filipino woman and her son in the cereals and oats lane. She meticulously surfs for the proper brand of cereals while her son stated that â€Å"Mom, why are we staying too long in this section? We don’t really eat cereals for breakfast. I want rice. † Then the mother replied, â€Å"No darling, rice is too heavy for you, studies say that it could cause diabetes. And your playmates eat cereals every morning so you should also eat cereal. † Being in a class that studies such concept of culture, I was amazed on how real the concept of Americanization is. I do know that most Filipinos prefer rice for breakfast because it is a custom meal for them everyday. But through my first hand experience, I did see that people who are not Americans are in need to attain cultural citizenship in order for them to be accepted. Although I do believe that Asians are accepted in the American society, the acceptance is not as whole in comparison to being a white American. In a sense, the mother who was with her child in the grocery would want her son to be culturally American that she is shifting the norms which her son know in order for him to be suitable in the American society. Just like the story presented in â€Å"Consumption Fantasies of Upward Mobility,† Richard wanted to move away from the typical concepts of Asians. Therefore, Richard wanted to be a professional who is likely to be the choice of a typical American who works inside the office. In addition, there is a concept of attaining the â€Å"American Dream in which most important thing for Asian-Americans. Moreover, due to the desire to attain such, they also want to be treated like Americans. As a result, they act and absorb the American culture and norms which they believe will grant them cultural citizenship (Hee Park, p. 112, 2005). In conclusion, the current Asian-American culture is still in the process of attaining acceptance in the American society. In addition, they want to change the stereotypical concept that most of them are geeks and losers thus, the Asian-American community is shifting towards a much western culture. The community is not only doing such in order to be within the trend of the popular culture but also to be accepted and not discriminated by others. In terms of consumption, it is real that it is one of the factors which could justify the Americanization of an individual not only Asian-Americans. Through decision making and choosing what type of product must be used is obviously dictated by the society around them. In addition, professional choice is also an aspect the shows that Asians are Americanized or desires cultural citizenship. Like one of the most famous saying stated: â€Å"If you can’t beat them, join them. † Reference Is Lucy Liu a Heroine or a Curse?. GoldSea . Retrieved 9 December 2008 from http://www. goldsea. com/Air/Issues/Liu/liu. html. Lee, J. and Zhou, M. (2004). Asian American Youth.United States of America: Routledge Publishing. Sun-Hee Park, L. (2005). Consuming Citizenship. United States of America: Stanford University Press. Tseng, J. (1998). Asian American Rap: Expression Through Alternate Forms. Model Minority. Retrieved 9 December 2008 from http://www. modelminority. com/article128. html. Wang, O. (1998). Asian Americans and hip-hop. Asian Week. Retrieved 9 December 2008 from http://asianweek. com/111298/coverstory. html. David Choi : http://www. youtube. com/user/davidchoimusic? ob=4

John Wooden, Wooden on Leadership

John Wooden on Leadership I am informing the SAI that Wooden on Leadership by John Wooden is a book that demonstrates and shows leadership skills. John Wooden started his leadership in 1932 at football practice in Kentucky as the coach. He then went on to become head coach At UCLA in 1949. While at UCLA Wooden wrote his fifteen steps of leadership. Wooden’s pyramid of success not only helped his team, but his own life. The first block on the pyramid is to be industrious. Wooden grew up on a small farm and learned you had to be up early and work very late.A normal person will complain when tired, but an industrious person will work hard and strive for the best that they can achieve. One should not want to stop when they can, but work all the way through until the job is done even if the person is tired and weak because they strive to complete whatever is needed. A person should be focused on the objective and not what they want to do later. While being industrious, a person als o needs to have enthusiasm. As a leader a person must be filled with energy and love what they are doing. If a leader has enthusiasm for what they are doing their followers will too.Being enthused can make or break whether the job is completed. A person’s enthusiasm can turn a boring or failing job into a well working successful accomplishment. A job should always be done with eagerness to show that you care. Friendship plays a big role in the success of leadership. A person should not bring or hold their â€Å"favorites† above any one when it comes to leadership just because they are your friend doesn’t make them the best person to complete your goal. A person should stay professional when around friends, but still treat the friends equal to the other subordinates.Seek to find the strengths of friendships among the group and do what is necessary to keep the job going. Don’t judge a person’s ability to tribute to the team because you don’t k now them as well as the others around you. When being the leader you should always show loyalty to a fellow member. When you show loyalty to you team, you will receive loyalty back. A leader has to search their people to find loyalty and gain their interest of wanting to succeed. When a person is in a group doing a job, they want to have loyalty spread through the effort.A leader should not only be loyal to their group, but also themselves. To accomplish an objective a person must have cooperation with his/her people. Cooperation is the key to allowing a job to be complete. Nothing can be fully done without cooperation of a team. When cooperation is being executed the job becomes easier because more opinions allow for all the problems to be solved. When I becomes we more is done and more can be dealt with. A leader needs to have a lot of self-control to overcome challenges. Self-control makes a good leader because they set the example.When a leader has self-control, it allows for th e team to have self-control as well. Focusing on controlling yourself when times are hard in completing an objective by controlling yourself can make the outcome easier to obtain in the end. Self-control brings self-discipline which a leader has to show allowing the followers to have a person to reflect from. As a leader works with his/her followers they always need to have alertness. When a leader’s is gifted with alertness, it comes in handy on supervising if and when you need to switch out the jobs of your followers to allow the group to grow as one.Alertness is essential to finding the trend, opportunities, and changes that can or should be made to make a better organization to complete what needs to be done. A leader must evaluate their team to know the advantages and disadvantages so the problem can be faced with the most critical way to strive and obtain the goal. A leader can have a potential weapon if he/she is alert on a constant basis. A leader must be a risk taker and strive for initiative. If a follower fails to take initiative then it falls back on the leader because the leader did not force the player to take initiative and run with it.Failure is necessary to the initiative of ending with successfulness. A leader with initiative also has courage in that his/her group will strive to do the very best. A team that makes the most mistakes to complete the goal usually wins in the end whether it is winning a game or making the deadline. Without intentness the team would soon rather quit and give up on accomplishing what needs to be done. A leader with intentness may not complete all short term goals, but will make up double with the end result. If the leader makes a goal, it may take time because all good things will take time as well as willingness to make the goal.Always fight for the best because you will always come out better in the end. Intentness will make a team strive even when times are hard and seem like all else fails. Conditioning all around is one of the centers of the thing that is demanded from a team. Not only physical condition, but mental plays a big part of the successfulness in a team. When a leader has conditioning all around, he can bend and squeeze his/ her way to show what is best for the team. A team uses moderation to condition the way things are done to allow the best way possible to prevail.Condition from a leader can make a team grow together as one and always succeed. A team always needs skill as well as team spirit. Team spirit comes from the skill of the group. A team’s skill comes from each individual and they work together to succeed. Skill comes from each individual and the leader has to make everyone work together to complete the task. Team spirit only comes when a team’s skill works together. A team’s greatest strength is staying poise and having confidence. Poise is staying calm when under pressure and a leader should make his team just be their selves.When a tea m is poise, they have confidence that they will strive for the best. A leader will always have confidence that his team will do the right thing. Being poise in every situation will, take a group succeed. Competitive greatness is the final step of the pyramid. Always be the best that you can be. Never settle for the least and always strive for the goal and completing the task. Wooden closes with saying that you always work with your team to be successful. A leader has to have these characteristics to be able to lead a group to complete their goals and be the best they can be.

Aed 222 Week 7 Appendix C ( Essays

Aed 222 Week 7 Appendix C ( Essays Aed 222 Week 7 Appendix C ( Essay Aed 222 Week 7 Appendix C ( Essay Axia College Material Appendix C Creating a Student Profile for Mock Case Study Apply the information you compiled in Appendix B to create a profile of a student with at least one exceptionality. Compile details about the student within this matrix. You will post the shaded portion in Week Eight for Discussion Question 1 and use the matrix in its entirety for your Final Project. Requirement |Details | |Name, age, and grade of child |Name: Sarah | | |Age: 5 | | |Grade: Kindergarten | |Detailed description of child’s |At home Sarah’s parents speak Spanish but she has an older brother that speaks both | |behavior and interactions at home |English and Spanish. She becomes confused on which language to speak and therefore doesn’t. together, making the sounds of words, and together in a sentence. |Definition and prevalence of | | |exceptionality or exceptionalities |Mild Intellectual Disability | | |Students with mild intellectual disabilities have a measure IQ that is lower than 98% of | | |the school-age population. These students have adaptive behavior skills that are | | |significantly below average. Adaptive behavior includes conceptual, social, and practical | | |skills that people learn so that they can function in their everyday lives. | | | | |Reasons for classification | | | |Sarah lacks the basics speech skills needed to communicate properly. With help from a | | |speech therapist, Sarah can overcome her speech problems. | |Possible management plan (associated| | |effective educational practices, |Speech therapy and a preschool Program for Children with Disabilities (PPCD). This would | |behavior management, assistive |help her develop her language skills at the pace she feels comfortable with. | |technology, and accommodations) | |

How to Scale Your Business Reach a Larger Audience [PODCAST]

How to Scale Your Business Reach a Larger Audience [PODCAST] How can you scale a business with marketing? To answer that question, we’re going to be talking to Brandon Andersen, the chief strategist at Ceralytics. He’s going to share with us why failure helps you improve, how to overcome your marketing challenges, and how to position your business differently than your competition does. Brandon has focused on some key marketing tactics that have really paid off, and today you’re going to learn how to implement some of them to begin reaching a much larger audience. Some of the highlights of the show include: Some information about Ceralytics and what Brandon does there as the chief strategist, as well as what Brandon did before Ceralytics. Some of the marketing challenges that Brandon faced as he moved Ceralytics from a startup to a successful company, as well as how they got past those challenges. The concept of a blue ocean: what it is and why it’s important. Successful things that Brandon did right away to build an audience in the early days of the company. How focusing on influencer is a great marketing tactic. A step-by-step way to build relationships with influencers. Tips on getting into guesting. Brandon’s best tips on marketing strategy and how to build one as a new marketer. Links: Brandon Andersen Ceralytics Content Marketing Institute research The 10x Marketing Formula If you liked today’s show, please subscribe on iTunes to The Actionable Content Marketing Podcast! The podcast is also available on SoundCloud, Stitcher, and Google Play. Quotes by Brandon: â€Å"Marketing strategy will impact every piece of your business and it should be tied to every piece of your business.† â€Å"Those early days are going be really rough. You’re all gonna be trying to finding your way. You need to communicate with each other and really listen to what each other has to say.†

Principles of Finance Essay Example | Topics and Well Written Essays - 1750 words

Principles of Finance - Essay Example According to the paper the total cost of a project consists of cost of capital, assets, labor expenses, intermediate resources, staff salaries and production expenses among others. Costs can be in different forms, such as real, nominal, primary, secondary, associated expenses and project expenses among others. Hence, while appraising the equipment and facilities manufactured by Danforth Limited and Donnalley Limited, one would have to compute as well as compare the costs involved in both of them. The product of the company that involves relatively less expenses should be chosen over the other.  This discussion stresses that if the scenario is such that the rejection of Dynamo project by Radiant Laundry would lead to the introduction of an identical product by a direct rival, then Radiant Laundry should take a decision on it on the basis of a time period more than 10 years. This is because this project is not viable when considered for a period of around 10 years. Moreover, another imperative point to be considered by Radiant Laundry is the redundant effect the rival’s product would have on its sales figure. If the introduction of a similar product by a direct rival dose not hampers the sales of Radiant to a large extent, then the company should avoid taking up the Dynamo project.  The following segment of the paper focuses on the sensitivity analysis of the project’s NPV on to annual net cash flows and cost of capital individually.... Additionally it has been ascertained that the estimated salvage value of the facility after 10 years would be equivalent to $80,000, which is much higher than that of Dansforth Limited’s equipment. Furthermore, the economic life of Danforth Limited’s equipment facility is only 5 years while that of Donnalley Limited is 10 years. This implies that during the 10 years time frame, the total cost involved with the purchase of equipment from Danforth Limited would be doubled. Consequently, the total costs over the project life of 10 years for Danforth Limited would be more than that of Donnalley Limited by $2 million. Hence it would be advisable for Radiant Laundry Products Company to purchase the specialised equipment and packaging facilities from Donnalley Limited. Analysis of Cash Flow Capital budgeting choices are supposed to be based on cash flows, instead of accounting profits. Additionally it is the incremental cash flows that are applicable (Broyles, 2003; Polimeni & Et. Al., 1994). Thus, we would compute the additional cash flow that Radiant Limited expects to generate if it implements the Dynamo project. The components for the computation of cash flow for the Dynamo Project are as follows: Investment for test marketing = $1,500,000 Cost of Equipment= $2,000,000 Total Initial Investment = $3,500,000, Cost of funds: 15% Salvage value = $80,000 Economic life= 10 Depreciation per year (at the rate of 30% on the reducing balance basis) Year Rate Value of Equipment Depreciation 1 30% 2000000 600000 2 1400000 420000 3 980000 294000 4 686000 205800 5 480200 144060 6 336140 100842 7 235298 70589.4 8 164708.6 49412.6 9 115296.0 34588.8 10 80707.2 24212.2

A constitution is a document that seeks to legitimise state power, but Essay

A constitution is a document that seeks to legitimise state power, but to do this properly it should also act as a restraint on state power. Those are the only functions of a constitiution. Discuss - Essay Example nstitutions date back to the era of Greek philosopher Aristotle (384 – 322 B.C) described the constitution as â€Å"an organization of offices in a state, by which the method of their distribution is fixed, the sovereign authority is determined, and the nature of the end to be pursued by the association and all its members is prescribed. Laws, as distinct from the frame of the constitution, are the rules by which the magistrates should exercise their powers, and should watch and check transgressors†.2 The central role of the constitution of any sovereign state is unquestionable. Not only does a constitution seek to legitimize power but also, it grants the scope for good governance. The challenge arises in the enabling the government with the jurisdiction to mange the government, because it is drafted by men, for men. It is imperative that the governors of the constitution are bestowed with limited power. This concept of power separation is instrumental to constitutionalism. James Madison states that â€Å"The great difficulty lies in this: you must first enable the government to control the governed: and in the next place oblige it to control itself. A dependence on the people is, no doubt, the primary control on the government; but experience has taught mankind the necessity of auxiliary precautions.† 3 Constitutions are designed to portray a sense of ultimate power control all the while granting legitimacy and authority. For example, the constitution should accord the state with the capacity to curb anti-social behaviour. A constitution is ensures that there is no abuse of powers by any given individual or institution because the constitution provides with the necessary mechanism to define what constitutes as a violation. Power separation is effected through the separation of legislative, executive and judicial powers and created a sense of checks and balances4. John Locke, in Separationof Powers iinsts that the legislature is the most superior arm. He says

Forest Conservation Essay Example | Topics and Well Written Essays - 1750 words

Forest Conservation - Essay Example Forest plays multidimensional nurturing role in nature. Forest plays roles of carbon trapping (formally known as carbon sequestration), supply of wood, and from natural kidney to sedimentation reduction. (Markels and Barber, 2002) Forest plays a vital role beyond its aesthetic appeal and bio diversity. (Forests Canada 2008) Canadian forests are under threat due to commercial exploration of oils and minerals. Most of the probable exploitable areas lie within the forests and the choice between them has become binary. (Forests Canada 2008) The choice between forest and other natural resources has become mutually exclusive. Moreover, most of the Canadian forests are not under the legal arm of ‘reserve’ forest. This makes Canadian forest more vulnerable .The importance of forest at the time of global warming, water quality and resource management problem does not need any introduction. Reduction in Forest will aggravate global warming and its associated problems. Problems associated with drinking water shortage, increase in frequency of floods will become more prevalent. Canadian forests does not play only regional role in the aforesaid areas but also in a global domain. The contribution in carbon sequestering by the Canadian forest to the world climate is highly considerable and any depletion i s bound to affect global climate as a whole. GEMCO is found to manage and monitor the forest and environmental quality.It is very important to note that forest is also associated with the wellbeing of other species.

Exploring Optimal Levels of Data Filtering

Exploring Optimal Levels of Data Filtering It is customary to filter raw financial data by removing erroneous observations or outliers before conducting any analysis on it. In fact, it is often one of the first steps undertaken in empirical financial research to improve the quality of raw data to avoid incorrect conclusions. However, filtering of financial data can be quite complicated not just because of the reliability of the plethora of data sources, complexity of the quoted information and the many different statistical properties of the variables but most importantly because of the reason behind the existence of each identified outlier in the data. Some outliers may be driven by extreme events which have an economic reason like a merger, takeover bid, global financial crises etc. rather than a data error. Under filtering can lead to inclusion of erroneous observations (data error) caused by technical (e.g. computer system failure) or human error (e.g. unintentional human error like typing mistake or intentional human err or like producing dummy quotes for testing).[1] Likewise, over filtering can also lead to wrong conclusions by deleting outliers motivated by extreme events which are important to the analysis. Thus, the question of the right amount of filtering of financial data, albeit subjective, is quite important to improve the conclusions from empirical research. In an attempt to somewhat answer this question, this seminar paper aims to explore the optimal level of data filtering.[2] The analysis conducted in this paper was on the Xetra Intraday data provided by the University of Mannheim. This time-sorted data for the entire Xetra universe had been extracted from the Deutsche Bà ¶rse Group. The data consisted of the historical CDAX components that had been collected from Data stream, Bloomberg and CDAX. Bloombergs corporate actions calendar had been used to track dates of IPO listing, delisting and ISIN changes of companies. Corporations not covered by Bloomberg had been tracked manually. Even though few basic filters had been applied (for e.g. dropping negative observations for spread/depth/volume), some of which were replicated from Market Microstructure Database File, the data remained largely raw. The variables in the data had been calculated for each day and the data aggregated to daily data points.[3] The whole analysis was conducted using the statistical software STATA. The following variables were taken into consideration for the purpose of identifying outliers, as commonly done in empirical research: Depth = depth_trade_value Trading volume = trade_vol_sum Quoted bid-ask spread = quoted_trade_value Effective bid-ask spread = effective_trade_value Closing quote midpoint returns, which were calculated by applying Hussain (2011) approach: rt = 100*(log (Pt) log (Pt1)) Hence, closing_quote_midpoint_rlg = 100*log(closing_quote_midpoint(n)) log(closing_quote_midpoint(n-1)). Where closing_quote_midpoint = (closing_ask_price+ closing_bid_price)/2 Our sample consisted of the first fifteen hundred and ninety five observations, out of which two hundred observations were outliers. Only the first two hundred outliers were analyzed (on a stock basis chronologically) and classified as either data errors or extreme events. These outliers were associated with two companies: 313 Music JWP AG and 3U Holding AG. Alternatively, a different approach could have been used to select the sample to include more companies but the basics of how filters work should be independent of the sample selected for the filter to be free of any biases so for instance if a filter is robust, it should perform relatively well on any stock or sample. It should be noted that we did not include any bankrupt companies in our sample as those stocks are beyond the scope of this paper. Moreover, since we selected the sample chronologically on a stock basis, we were able to analyze the impact of these filters more thoroughly on even the non-outlier observations in the sample, which we believe is an important point to consider when deciding the optimal level of filtering. Our inevitably somewhat subjective definition of an outlier was: Any observation lying outside the 1st and the 99th percentile of each variable on a stock basis The idea behind this was to classify only the most extreme values for each variable of interest as an outlier. The reason why the outliers were identified on a per stock basis rather than the whole data was because the data consisted of many different stocks with greatly varying levels of each variable of interest for e.g. the 99% percentile of volume for one stock might be seventy thousand trades, while that of another might be three fifty thousand trades and so any observations with eighty thousand trades in both stocks might be too extreme for the first stock but completely normal for the second one. Hence, if we identified outliers (outside the 1st and the 99th percentile) for each variable of interest on the whole data, we would be ignoring the unique properties of each stock which might result in under or over filtering depending on the properties of the stock in question. An outlier could either be the result of a data error or an extreme event. A data error was defined using Dacorogna (2008) definition: An outlier that does not conform to the actual condition of the market The ninety four observations in the selected sample with missing values for any of the variables of interest were also classified as data errors.[4] Alternatively, we could have ignored the missing values completely by dropping them from the analysis but the reason why they were included in this paper was because if they exist in the data sample, the researcher has to deal with them by deciding whether to consider them as data errors, which are to be removed through filters or change them for e.g. to the preceding value and hence it might be of value to see how various filters interact with them. An extreme event was defined as: An outlier backed by economic, social or legal reasons such as a merger, global financial crises, share buyback, major law suit etc. The outliers were identified, classified and analyzed in this paper using the following procedure: Firstly, the intraday data was sorted on a stock-date basis. Observations without an instrument name were dropped. This was followed by creating variables for the 1st and 99th percentile value for each stocks closing quote midpoint returns, depth, trading volume, quoted and effective bid-ask spread and subsequently dummy variables for outliers. Secondly, after taking the company name and month of the first two hundred outliers, while keeping in consideration a filtering window of about one week, it was checked on Google if these outliers were probably caused by extreme events or the result of data errors and classified accordingly using a dummy variable. Thirdly, different filters which are used in financial literature for cleaning data before analysis were applied one by one in the next section and a comparison was made on how well each filter performed i.e. how many probable data erro rs were filtered out as opposed to outliers probably caused by extreme events. These filters were chosen on the basis of how commonly they are used for cleaning financial data and some of the popular ones were selected. 4.1. Rule of Thumb One of the most widely used methods of filtering is to use some rule of thumb to remove observations that are too extreme to possibly be accurate. Many studies use different rules of thumb, some more arbitrary than others.[5] Few of these rules were taken from famous papers on market microstructure and their impact on outliers was analyzed. For e.g.: 4.1.1. Quoted and Effective Spread Filter In the paper Market Liquidity and Trading Activity, Chordia et al (2000) filter out data by looking at effective and quoted spread to remove observations that they believe are caused by key-punching errors.   This method involved dropping observations with: Quoted Spread > à ¢Ã¢â‚¬Å¡Ã‚ ¬5 Effective Spread/Quoted spread > 4.0 % Effective Spread/%Quoted Spread > 4.0 Quoted Spread/Transaction Price > 0.4 Using the above filters resulted in the identification and consequent dropping of 61.5% of observations classified as probable data errors, whereas none of the observations classified as probable extreme events were filtered out. Thus, these spread filter looks very promising as a reasonably large portion of probable data errors was removed while none of the probable extreme events were dropped. The reason why these filters produced good results was because it looked at the individual values of quoted and effective spread and removed the ones that did not make sense logically rather than just removing values from the tails of the distribution for each variable. It should be noted that these filters removed all the ninety four missing values, which means that only five data errors were detected in addition to the detection of all the missing values. If we were to drop all the missing value observations before applying this method, it would have helped filter out only 7.5%[6] of probab le data errors while not dropping any probable extreme values. Thus, this method yields good results and should be included in the data cleaning process. Perhaps, using this filter in conjunction with a logical threshold filter for depth, trading volume and returns might yield optimal results. 4.1.2. Absolute Returns Filter Researchers are also known to drop absolute returns if they are above a certain threshold/ return window in the process of data cleaning. This threshold is subjective depending on the distribution of returns, varying from one study to another for e.g. HS use 10% threshold, Chung et al. 25% and Bessembinder 50%.[7] In case of this paper, we decided to drop (absolute) closing quote midpoint returns > |20%|. Perhaps, a graphical representation of time series returns of 313music JWP 3U Holding can be used to explain why this particular threshold was chosen. Figure 1. Scatter plot of closing quote midpoint return and date As seen in the graph, most of the observations for returns lie between -20% and 20%. However, applying this filter did not yield the best results as only 2.5% of probable data errors were filtered out as opposed to 10.3% probable extreme events from our sample. Therefore, this filter applied in isolation doesnt really seem to hold much value. Perhaps, an improvement to this filter could be achieved by only dropping returns which are extreme but reversed[8] within the next few days as this is indicative of data error. For e.g. if T1 return= 5%, T2 return= 21% and T3 return=7%, we can tell that in T3 returns were reversed, indicating that T2 returns might have been the result of a data error. This filter was implemented by only dropping return values > |20%| which in the next day or two, reverted back to the value of return, +/- 3%[9]of the day before the outlier occurred as shown below: r(_n)> |20%| |r(n-1) -r(n+1)| |r(n-1) -r(n+2)| Where r(_n) is closing quote midpoint return on any given day. This additional filter seemed to work as it prevented the filtering out of any probable extreme events. However, the percentage of filtered data errors from our sample fell from 2.5% to 1.9%. In conclusion, it makes sense to use this second return filter which accounts for reversals in conjunction with other filters for e.g. spread filter. Perhaps, this method can be further improved by using a somewhat more objective range for determining price reversals or an improved algorithm for identifying return reversals. 4.1.3. Price Filter We constructed a price filter inspired by the Brownlees Gallo (2006) approach. The notion behind this filter is to gauge the validity of any transaction price based on its comparative distance to the neighboring prices. An outlier was identified using the following algorithm: | pi -   ÃŽÂ ¼ | > 3*à Ã†â€™ Where pi is the log of daily transaction price, the reason why logarithmic transformation was used is because the standard deviation method assumes a normal distribution.[10] ÃŽÂ ¼ is the stock sorted mean and à Ã†â€™ is the stock sorted standard deviation of log daily prices. The reason why we chose the stock sorted mean and standard deviation was that the range of prices vary greatly in our data set from one stock to another, hence, it made sense to look at each stocks individual price mean as an estimate of neighboring prices. This resulted in filtering 56.5% of probable data errors which were all missing values. Thus, this filter doesnt seem to hold any real value when used in conjunction with a missing value filter. Perhaps, using a better algorithm for identifying the mean price of the closest neighbors might yield optimal results. 4.2. Winsorization and Trimming A very popular filtering method used in financial literature is trimming or winsorization. According to Green Martin (2015a), p. 8, if we want to winsorize the variables of interest at ÃŽÂ ±%, we must replace the nÃŽÂ ± largest values by the nÃŽÂ ± upper quantile of the data, and the nÃŽÂ ± smallest values by the nÃŽÂ ± lower quantile of the data. Whereas, if we want to trim the variables of interest by ÃŽÂ ±%, we should simply drop observations outside the range of ÃŽÂ ±% to 1- ÃŽÂ ±%. Thus, winsorization only reduces extreme observations rather than dropping them completely like trimming. For the purpose this paper, both methods will have similar impacts on dropping outliers outside certain ÃŽÂ ±%, hence, we will only analyze winsorization in detail. However, winsorization introduces an artificial structure[11] to the dataset because instead of dropping outliers it changes them, therefore, if this research was to be taken a step further for e.g. to condu ct robust regressions, choosing one method over the other would depend entirely on the kind of research being conducted. The matter of how much to winsorize the variables, is completely arbitrary,10 however, it is a common practice in empirical finance to winsorize each tail of the distribution at 1% or 0.5%.5 We first winsorized the variables of interest at the 1% level, on a stock basis, which led to limiting 100% of probable extreme events and only 42.9% of probable data errors. Even though intuitively it would make sense for all the identified outliers to be limited because the method used for identifying outliers for each variable considered observations which were either greater than the 99th percentile or less than the 1st percentile, and winsorizing the data at the same level should mean that all the outliers would be limited. However, this inconsistency in expectation and outcome results from the existence of missing values winsorization only limits the extreme values in the data, overlooking the missing observations which have been included in data errors. We then winsorized the variables of interest at a more stringent level i.e. 0.5%, on a stock basis, which led to 51.3% of the identified data errors and 18.6% of probable extreme events to be limited which doesnt exactly seem ideal as in addition to data errors, quite a large portion of extreme events identified was also filtered out. Taking this analysis a step further, the variables of interest were also winsorized on the whole data (which is also commonly done) as opposed to on a per stock basis, at the 0.5% and 1% level. Winsorizing at the 1% level led to limiting 51% extreme events, 24.2% data errors and an additional one thirty four observations in the sample not identified as outliers. This points toward over filtering. Doing it at the 0.5% level led to limiting 28% extreme events, 12.4% data errors and an additional seven observations in the sample not identified as outliers. Thus, it seems that no matter which level (1% or 0.5%) we winsorize on or whether we do it on a per stock basis or on the whole data, a considerable percentage of probable extreme events is filtered out. Of course, our definition of an outlier should also be taken into consideration when analyzing this filter. Winsorizing on a per stock basis does not yield very meaningful results as it clashes with our outlier definition. However, doing it on the whole data should not clash with this definition as we identify outliers outside the 1st and the 99th percentile of each variable on the data as a whole. Regardless, this filter doesnt yield optimal results as a substantial portion of probable extreme events get filtered out. This is because this technique doesnt define boundaries for the variables logically like the rule of thumb method, rather it inherently assumes that all outliers outside a pre-defined percentile must be evened out and outliers caused by extreme events dont necessarily lie within the defined boundary. It must also be noted that the winsorization filter does not limit missing values which are also clas sified as data errors in this paper. Thus, our analysis indicates that this filter might be weak if we are interested in retaining the maximum amount of probable extreme events. Perhaps, using it with an additional filter for limiting missing values might yield a better solution if the researcher is willing to drop probable extreme events for the sake of dropping probable data errors. 4.3. Standard Deviations Logarithmic transformation Many financial papers also use a filter based on x times the standard deviation: xi > ÃŽÂ ¼ + x*à Ã†â€™ xi x* à Ã†â€™ Where xi is any given observation of the variable of interest, ÃŽÂ ¼ is the variable mean and à Ã†â€™ is variable standard deviation.[12] An example would be Goodhart and Figliuoli (1991) who use a filter based on four times the standard deviation.[13] However, this method assumes a normal distribution, 9 so problems might arise with distributions that are not normal and in our data set, except for returns (because we calculated them using log), the rest of the distributions for depth, trading volume, effective and quoted bid-ask spread are not normally distributed. Therefore, we first log transformed the latter four distributions using: y = log (x)[14] Where y is the log transformed function and x is the original function. The before and after graphs, using log transformation are shown in Exhibit 4. We then dropped observations for all the log transformed variables that were greater than Mean + x*Standard Deviation or less than Mean x*Standard Deviation, first on a stock basis and then on the whole data for values of x=4 and x=6. Applying this filter at the x=6 level on a stock basis seemed to yield better results than applying it at the x=4 level. This is because x=6 led to dropping 25.6% less probable extreme events for a negligible 3.1% fall in dropping probable data errors. The outcomes are shown in Exhibit 3. However, upon further investigation, we found that 100% of the probable data errors identified by the standard deviation filter at the x=6 level were all missing values. This means that if we dropped all missing values before applying this filter at this level, our results would be very different as this filter would be dropping 7.7% extreme events for no drop in data errors. Applying this filter on the whole data led to the removal of less outlier than applying it on a per stock basis. Using the x=6 level (whole data) appeared to yield the best results 58.4% of probable data errors were filtered out while no probable extreme events were dropped. For more detailed results, refer to Exhibit 3. However, even in this case, 100% of the probable data errors identified were missing values. This means that if we were to drop all missing values before applying this filter, this filter would identify 0% of the probable extreme events or probable data errors. Thus, the question arises if we are actually over filtering at this level? If yes, then should x Data cleaning is an extremely arbitrary process which makes it quite impossible to objectively decide the level of optimal filtering, which is perhaps, the reason behind limited research in this area. This limitation of research in this particular field and inevitably this paper should be noted. That being said, even though some filters chosen were more arbitrary than others, we have made an attempt to objectively analyze the impact of each filter applied. The issue of missing values for any of the variables should be taken into consideration because they are data errors and if we were to ignore them, they would distort our analysis because they interact with the various filters applied. Alternatively, we could have dropped them before starting our analysis, but we dont know if researchers would choose to change them to the closest value for instance or filter them out, therefore, its interesting to see how the filters interact with them. Our analysis indicates that when it comes to the optimal amount of data cleaning, rule of thumb filters fare better than statistical filters like trimming, winsorization and the standard deviation method. This is because statistical filters assume that any extreme value outside a specified window must be a data error and should be filtered out but as our analysis indicates, extreme events dont necessarily lie within this specified window. On the other hand, rule of thumb filters set logical thresholds, rather than just removing/limiting observations from each tail of the distribution. The outcomes of different filters which are shown in exhibit 1, 2 and 3 are represented graphically below. Figure 2. Box plot of outcomes of all the data cleaning methods As shown in section 4.2 and the graph above, Winsorization whether on a stock basis or on the whole data, tends to filter out a large portion of probable extreme events. Thus, it is not a robust filter if we want to retain maximum probable extreme events and should be probably avoided if possible. As far as the standard deviation filter is concerned, as shown in section 4.3, applying it at the x = 6 level, whether on a per stock or whole data basis, seems to perform well but it is not of much value if combined with a missing values filter and all other scenarios tested, actually dropped more probable extreme events than data errors. Therefore, it is not advisable to simply drop outliers existing at the tails of distributions without understanding the cause behind their existence. This leaves us with the rule of thumb filters. We combined the filters that performed optimally spread and additional return filter which accounts for reversals, along with a filter for removing the missing values. This resulted in dropping one hundred and two i.e. 63.4% of all probable data errors without removing any probable extreme events. At this point, a payoff has been made: in order to not drop any probable extreme events, we have foregone dropping some extra probable data errors because over scrubbing is a serious form of risk.[15] This highlights the struggle of optimal data cleaning, because researchers often dont have the time to check the reason behind the occurrence of an outlier, they end up removing probable extreme events in the quest to drop probable data errors. Thus, the researcher has to first determine what optimal filtering really means to him does it mean not dropping any probable extreme events albeit at the expense of keeping some data errors like done in this paper, or does it mean giving precedence to dropping maximum amount of data errors, albeit at the expense of dropping probable extreme events? In the latter case, statistical filters like trimming, win sorization and standard deviation method should also be carefully used. The limitations of this paper should also be recognized. Firstly, only two hundred outliers were analyzed due to time constraint, maybe, future research in the area can look at a larger sample to get more insightful results. Secondly, other variables can also be looked at in addition to depth, volume, spread and returns and more popular filters can be applied and tested on them. Moreover, a different definition can be used to define an outlier or to select the sample for e.g. the two hundred outliers could have been selected randomly or based on their level of extremeness but close attention must be paid to avoid sample biases. Future research in this field should perhaps, also focus on developing more objective filters and method of classifying outliers as probable extreme events. It should also look into the impact of using the above[16]two approaches of optimal filtering on the results of empirical research for e.g. on robust regressions, to verify which approach of optimal filtering performs the best. 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