...enough to live up Finny’s standards. Gene does not believe in himself and he will never start. Even though Gene and Finny seem to be best of friends they are unfit to be together. In this paper I will show how Gene is too envious of Finny and he ultimately causes the downfall of this friendship. The definition of friendship is thrown out of the window with these two. Finny does thinks Gene is too self-righteous, and Gene thinks Finny is the master and that he cannot be topped. For example, Finny believes that Gene is too focused “You never waste your time. That’s why I have to do it for...
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...Behavioural Finance - Erin McCall Who Wants To Be A Millionaire? Deal Or No Deal? WHO WANTS TO BE A MILLIONAIRE? 1) The risk averse investor would accept the safety level of $500,000 because they would refuse to accept any risk. The risk neutral investor would have been indifferent had the expected payout for both options been equal however, given that the expected payout for the guess is higher than that of the sure thing the risk neutral investor would choose to guess. The risk lover investor would always choose the option pertaining to the most risk and therefor choose to guess. 2) The expected value of the guess is $15 million [(0.5 x 30M) + (0.5 x 0)]. However, the actual outcome will either be $30 million or $0. 3) The average person would choose the safe $10 million because their marginal utility after that point begins to decrease. $10 million is far higher than the average American’s income of roughly $51,000 , implying that most people would recognize that $10,000,000 is a life changing amount and not be willing to risk it for $30,000,000. The individuals who choose not to risk the guaranteed $10,000,000 are most likely female , an older adult , married and in a low to moderate-income profession. Females are inherently more risk averse than men, making them more inclined to take the sure thing rather than risking it. Older adults must consider their sources of income after retirement as well as potential medical considerations when determining...
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... |36 |Above average commitment to work |Possible work interference with | | | | |family | |How Are You Feeling |41 |High positive emotions like |Could only be momentarily | |Right Now? | |motivated to help co-workers | | |What’s My Affect |36 |Is aware of her projections towards|May not truly show true feelings | |Intensity? | |others | | |What’s My Emotional |46 |Superb capability to deal with |Maybe not aware of other low | |Intelligence Score? | |stressful situation and coping with|emotional state | | | |demands and pressure, ability to | | | | |manage others | |...
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...sure to be very clear on your advertising as well as what your company is offering. A contract is an agreement between parties, with terms and conditions that describe the agreement that constitutes a legal obligation. A valid contract typically requires the following four elements; a meeting of the minds between the parties demonstrating they both understand and agree to the essentials of the deal. By making sure both parties are talking about the same deal, so that when they subsequently agree to enter into the contract they are both agreeing to the same thing. Secondly: consideration meaning something of value exchanged by each of the parties, such as cash, goods or a promise to do something, But consideration can take many other forms, as long as each party is giving up something of value to it to convince the other party to enter into the contract.. The Third part of a contract is an agreement to enter into the contract typically evidenced by both parties signing a written contract, although oral contracts can be valid too in some situations. Lastly in a contract, the legal competence of each party, meaning the parties are not minors and are of sound mind, Persons who lack authority (Legal Requirements of a Contract, 1999). When signing the contract though be sure that the party you're working with is legally suitable to enter into a contract. Otherwise your signed contract may be ineffective. The contract theory is the legal concept that a...
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...explanation. A myth is any invented story. Myths are ideas or stories believed by many people but is not true, also stories told in an ancient culture to explain a practice, natural occurrence, or some belief. A myth is used a lot in short stories or folktales that have been told through so many generations that are sometimes not so true. These stories are told in a way that the people listening to them actually believe parts of it to be true. I believe there are so so many common mythological themes across different cultures. They are so many that you would take all day to list them. I know I have learned in school that the Thais, Chinese, Japanese, and Koreans share the myth about the rabbit in the moon. The Thais believe it is dehusking rice. The Chinese believe it is pounding medicine. The Japanese and the Koreans believe it is making rice cakes. They all differ by what the rabbit is doing. These places are not far from each other but differ in these ways they believe. Belief, knowledge, mythology, and religion all go together in a way that people think or go by. Belief is what someone thinks is true and they know no other way to think. Knowledge is having that belief and knowing what you think is true. Mythology is stories you believe are somewhat true but might really exist or might not. It is a body of stories told that include ideas and beliefs but might not be true about a person or place. Religion is also based about belief and mythology and knowledge. Religion is all...
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...opinion whether the New Deal was a good deal or not. I am also going to defend my point of view by stating evidence by the documents we’ve gone over during class. Also stating mental knowledge to support my claim of my opinion on the new deal. In my opinion I would say that the New Deal was a good deal because it has made unemployment rates go down and it has not gone up ever since. If one idea didn’t work they would go try a new one. Others thought F.D.R has way too much power and was still asking for more power. Also he had an idea to help senior citizens, kids, and those who have disabilities. When they would help children they would be helped until the age of 18. To prove my point there is a document with a chart of unemployment rates before the new deal, bank failure rates, and the average income and spending rates in 3 different charts. That was in document 1 alone. But in document 5 it shows how unemployment rates have gone up or down from the years 1910-1960. In the years where the New Deal took place the unemployment rate has gone down drastically. Some say that you shouldn’t blame F.D.R for the depression because president hoover had left office during mid depression. This had meant that Franklin Roosevelt had went to office in a hard state where the depression was already into a deep state. In document 7a there is a cartoon named “Oliver Twist”. In thus cartoon it shows F.D.R asking for more of a certain program but the chef thinks it’s true and gives him but doesn’t...
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...child’s social development is very important to their development as a teenager and further as an adult when they grow older. Many skills are important to a child’s social development. In this report I will be spotlighting the three that I feel are probably the most important and why I find that to be true. These skills include the ability to communicate well with others, good problem solving skills, and respecting others and self and appreciating differences. Communication with others is probably one of the most used and most important social skills that there is. The ability to communicate well allows children to understand and express their thoughts to others in a social setting. People communicate in many different ways, but one thing is true, everyone, in one way or another uses communication every day. Whether it is talking to your parents about what it is that you have to do after school that day; or talking to your peers about the plans you have for the weekend; or communicating to your teachers about your opinion on a question asked in class. Communication is used every day in everything that you do and having good communication skills is very important. This is true so that you can, not only get your point across about the subject at hand, but also so that the people that you are communicating with might understand you easily. Being able to communicate effectively doesn’t just mean verbally. Communication is done over the phone, text messages, emails, in reports...
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...HAVE SUPERMARKETS BECOME TOO BIG TO THE EXTENT THAT THEY ARE DAMAGING COMPETITION Question 2: THE DOMINANCE OF THE BIG FOUR SUPERMARKETS IN THE GROCERY MARKET MEAN THAT THERE IS AN INCREASED RISK OF CONSUMERS GETTING A POOR DEAL A poor deal will have different meaning for consumers for instance consumers with a higher income would not mind paying a higher price for a good quality product and for them this would be considered a good deal however for consumers with lower incomes the same deal would be considered poor as they do not have such a large budget. A poor deal can either mean a product of poor quality which is retail at a higher price with less variety of product so consumers have limited choice or it can mean a poor quality product, retailing at a very low price because the supermarkets are competing with each other to attract consumers and this is affecting the quality of the product. On the other hand this might only be true if the big four supermarkets dominate the market so instead of it being an oligopoly market, the grocery market would be considered a monopoly market. The BIG 4 would be able to this by opening small stores such as Tesco Express around local small convenience stores and making them out of business as Tesco benefits from economies of scales so it can charge a lower price in comparison to the local independent stores, which would make Tesco more attractive to consumers. Also the big four have some sort of loyalty cards deal which offer rewards eg...
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...Decision making survey For the decision making survey, the survey results pointed to me being analytic. My score for each: analytic (133), conceptual (59), directive (63), and behavioural (45). Compared to the others I am very analytic. This means I like to base my decisions on facts and data to determine the best outcome. After looking at my survey my partner suggested I should be better-rounded instead being too much of an analytic decision maker. She offered suggestions such as I should have more involvement with people instead of being too independent. Allowing others to have input of their opinions will create better choices. Since I am so analytic, incorporating other styles in to my decision making will allow me to have a broader scope of information since there will more unique information given to me. Michelle suggested that since my behavioural score is so low; only 45, I should work on improving that aspect. I am not at all behavioural type but I still may able to learn from them. She suggested that I should not only base my decisions on logic but feelings too. If I use both logic and feelings than my decision would definitely be better. This would mean that I would have to be careful weather to decisions that would affect people. For example, if I were to make a decision and it was logically correct, I should also look into the account that it doesn’t have a negative impact on relationship that it may ruin. In the question, ‘when time is important I,’ Michelle...
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...potentially be useful. Most companies start out trying to do too many things, which makes life difficult and turns you into a me-too. Focusing on a small niche has so many advantages: With much less work, you can be the best at what you do. Small things, like a microscopic world, almost always turn out to be bigger than you think when you zoom in. You can much more easily position and market yourself when more focused. And when it comes to partnering, or being acquired, there's less chance for conflict. This is all so logical and, yet, there's a resistance to focusing. I think it comes from a fear of being trivial. Just remember: If you get to be #1 in your category, but your category is too small, then you can broaden your scope‹and you can do so with leverage. #2: Be Different Ideas are in the air. There are lots of people thinking about‹and probably working on‹the same thing you are. And one of them is Google. Deal with it. How? First of all, realize that no sufficiently interesting space will be limited to one player. In a sense, competition actually is good‹especially to legitimize new markets. Second, see #1‹the specialist will almost always kick the generalist's ass. Third, consider doing something that's not so cutting edge. Many highly successful companies‹the aforementioned big G being one‹have thrived by taking on areas that everyone thought were done and redoing them right. Also? Get a good, non-generic name. Easier said than done, granted. But the...
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...Introduction This paper is presented as the option B term paper for the Business Ethics elective course within the MBA program. The goal is to give an overview and an analysis of the codified Codes of Ethics of two major companies within the business field of consumer goods. The respective companies will be the Beiersdorf AG as the requested German example and actor in this field and Procter & Gamble as the world leading competitor in this area of business. The term paper will be structured in the following way. First the aim is to give a brief overview about the companies in question and the area they are doing business in. In a second step the Codes of Ethics of both enterprises will be analyzed using the framework and criteria for an effective Code of ethics which were presented in class. Thirdly, the aim is to give a personal opinion on the presented facts and compare the companies in their approach. The paper is going to be concluded with the presentation on historical and current issues of ethical questions which are applicable for Beiersdorf and P&G. 2. Organization and business environment overview Both companies which are analyzed in this paper have their focus of business in the consumer goods market. While Beiersdorf is one of the major German companies in this field (together with Henkel), P&G belongs to the globalized big players with 14 times the revenue of the German counterpart and a portfolio which ranges in almost every corner of the market...
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...“EveryMan” By. Unknown Author In the drama play “EveryMan” is very interesting play to me. It is a late fifteenth century morality play. My thesis of this drama play would be how people can get salvation, and how the person in the play can get save and give their life to God and how people should behave. This drama play also deals with death and is foregrounded when, early in play, a personified death appears at God's summons. In the drama play “Everyman wanted to to good deeds and good works. He had to have faith and trust in God. In order to get save we must repent and give our heart to God.In this drame play “Everyman” deals with temptation and must perform good deed to order to repent for their earthly sins. The play “Everyman” does not deal with realistic issues, such as beauty, strength or wits. When I was reading the drama play I didn't understand the play when it stated at the end of the play Everyman calls out for Jesus to be save, and he called up to heaven, but only take his good deeds with him. When you do good by people God will will bless us more and more. We must want to accept God's love and his acceptance. People should always want to do good work, in order to have a relationship with God. In my point of view jesus died for our sins, He want us to love our sisters and brothers in Christ. In the drama play the character everyman went through a lot in his life. We going to go through problems regardless in life. We have to pray to God to change our life around...
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...Grade Received - "A" The United States is experiencing inflation, increased unemployment, and escalating gas prices. A 71-year-old food company is associated with hard times, and as the economy heads downward, the product bucks the cycle and enjoys sales increases. During the down economy, marketers are experimenting with various tactics to entice consumers to buy. Cars come with free or cut rate gas; buy a gift card for a friend, and you get one free; and the supermarket is full of 2-for-1 specials each week. Excluding the supermarket deals, choose a product and marketing campaign that targets buyers in a down economy. Discuss the effectiveness of the campaign and how you might improve upon it. Be sure to include your thoughts on competition and differentiation (3 paragraphs total for the post). With the way the economy seems to be going, it is not getting better anytime soon. I see small businesses shutting down, and not to mention big businesses going out of business. An EntertainMart in my area recently went out of business. It is a business that sells movies, music, MP3 players, video games and posters. I thought it would do well but that is what I get for thinking. I still see blockbusters slowly but surely going out of business in my area. I am surprised that they lasted as long as they did. With the way the economy is, more and more people are moving to Hulu, Red Box and Netflix. There are still companies that are out there still striving to bring business...
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...states it, adolescent girls tend to lose their “true selves” in order to fit in and comply with the standards that society sets for women. Pipher, a practicing therapist, uses her own case studies to show how pressures put on girls forces them to react in often damaging ways. In most case studies she tells the audience how she helped these girls heal and regain control of their lives. It seems that her primary goal is to warn people of what certain effects can have on girls and what not to do. The one thing that Pipher tends to overlook is what parents can do right to raise healthy children. Pipher named this book after a character named Ophelia. “The story of Ophelia, from Shakespeare’s Hamlet, shows the destructive forces that affect young women. As a girl, Ophelia is happy and free, but with adolescence she loses herself. When she falls in love with Hamlet, she lives only for his approval. She has no inner direction; rather she struggles to meet the demands of Hamlet and her father. Her value is determined utterly by their approval. Ophelia is torn apart by her efforts to please. When Hamlet spurns her because she is an obedient daughter, she goes mad with grief. Dressed in elegant clothes that weigh her down, she drowns in a stream filled with flowers” (20). Pipher wants to Revive Ophelia. She wants to save her from her sorrows that eventually led to her suicide. If Ophelia could have been stronger, and true to who she was, she would have never had to rely...
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...Introduction RJR Nabisco LBO in 1988, a deal valued at $25 – billion US was well known as the largest company leverage buyout that ever happened in history which marked the end of 1980 decade of greed (Olive,1999). It was also viewed as the deal that was too big, too loud and too out of control (Burrough, 1999). The story was started when the market price of the company’s common stock was considered by the CEO of RJR Nabisco, F. Ross Johnson to be wildly undervalued and did not reflect its true value (Burrough & Helyar, 2009). When the share price of the company stayed at $56 per share, Johnson decided to take on a LBO of RJR Nabisco so that the market price of the stock could be increased (Ruback, 2006). Johnson then cooperated with Shearson Lehman Hutton as one of the candidates that participated in RJR Nabisco buyout (Bruner, 2004). RJR Nabisco has shown to become an attractive candidate for LBO. It is proved by the participation of some large companies such as Kohlberg, Kravis, Roberts and Co. (KKR), First Boston and Forstman Little that attracted to participate on the bid (Ruback, 2006). The various characteristics of the RJR Nabisco such as steady growth, minimum capital investments and also the small range of debt (Michel & Shaked, 1991) have made the company being targeted for good reputation and personal wealth (Ruback, 2006). The bidding process has undergone several steps. There were various factors and considerations that need to be made by the board of...
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