...argue that people do their best work when they are motivated by a sense of purpose rather than the pursuit of money. Do you agree? Critically evaluate and explain your position. The study of what motivates people has fascinated researchers and academics over the years. Many renowned researchers have come up with their own model explaining the mechanisms of motivation. Though all these theories are unique in their own right, the division of motivations into two forms; extrinsic motivations and intrinsic motivations is a common sight. Both these factors have their place in getting people out of their beds in the morning and trading the better part of their waking hours for work. However, for people to do their best work, a sense of purpose is often more useful than the pursuit of money. The type of job and position are also key factors in determining whether money or a sense of purpose will be the better motivating factor that encourages people to deliver their best work. George Bernard Shaw once said that “Lack of money is the root of all evil.” Money is defined as whether money is shells or rocks or gold or paper, in any economy it has three primary functions: it is a medium of exchange, a unit of account and a store of value. Of these three functions, its function as a medium of exchange is what distinguishes money from other assets such as stocks, bonds or houses (Mishkin, 1992). The pursuit of money is rooted in human behaviour today and the motivations for it functions in...
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...example, the slightly older French "Universal Declaration of the Rights of Man and of the Citizen" is generally considered as the reference for Human Rights. As for the religious aspect of the American Bill or Rights, claiming it's a good thing is a matter of personnal opinion. That and its lack of universalism (it's only about American citizens) are probably the reason the "French" Bill of Rights is considered the reference. You (like other answerers) also seem to think that Democracy (and everything it implies politcally) is an American invention and that it only exists in the US, which is very, very much wrong ! You already knew money can't buy love — but it turns out it can't buy happiness either. The real key to finding happiness is personal autonomy and freedom, which, in many cases, can be the result of having a sufficient amount of money. This is good news for...
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...death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease | Purpose | The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. | The purpose of BHF is to make enough money from products that other people have sold to them so they can send that money to a charity and from this the money that is sent to the charity is...
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...our location.” Pag-Asa Lending Company” Logo should be visible in signage. TARGET MARKET Our target market are the residents of Las Pinas City who are 18-above and willing to borrow money. DEMAND ANALYSIS In order to become successful, demand for a certain goods or services should be attractive enough. The proponents conducted a survey concerning the potential market for the proposed business. TABLE 1 Demand Schedule of Money Borrowers in Las Pinas Purposes | Demand | Student | 25 | Business | 43 | Needs/Calamity | 17 | Others | 15 | The table shows the demand schedule of money borrowers in Las Pinas based on their purposes. Quantity demanded was derived by getting 100 of the household in Las Pinas City. It is revealed that the demand for business purposes is high because some of the residents in Las Pinas wants to start and choose to have their own business than to finish their study and to get employed. TABLE 2 Supply Schedule for Money Borrowers in Las Pinas Purpose | Supply | Student | ₱125,000 | Business | ₱125,000 | Needs/Calamity | ₱125,000 | Others | ₱125,000 | Since, we are proposing this business we decided to supply same amount for each purposes of the money borrowers so that we are able to compare and see the difference which purpose will be increase or...
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...Crowdfunding is an alternative method of raising money to finance different kind of purposes. The concept of crowdfunding is to gather a large group of people(the crowd) who fund small amounts of money to eventually reach the total amount desirable for financing the purpose. Crowdfunding is used by all kind of people and groups like entrepreneurs, charities, companies and privates. The different purposes wherefore crowdfunding can be used are from raising money to finance a new car or a vacation, making a movie, to the startup of a company or developing an innovative idea. The purpose can be everything, just as long people are willing to invest into the idea. The difference between crowdfunding and traditional fund raising is that crowdfunding needs to attract a large group of people who all donate or invest a (small) amount of money to eventually reach the total amount needed. A traditional finance is mostly done by attracting one or two organizations or businesses who invest the total amount of money needed, it can also be a loan from a bank or other financing institution. I think you can see crowdfunding as getting money from a bank where the bank as intermediate is ruled out. Normally a bank collects money from a lot of different people(their customers savings) and then they loan the money to others who need it. The bank in this role takes all the risk and chooses what to finance and what not. When the bank is ruled out you get...
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...Special Effects Makeup Artist” General purpose : To inform. Specific purpose : To inform my audience who are interest in a special effect makeup artist. Central idea : Special effects make-up artists transform performers into the characters or creatures described in film and TV scripts also produce authentic performances. References : Beauty School Directory Blog. (2012, July 25). Retrieved March 18, 2015, from http://www.beautyschoolsdirectory.com/blog/beauty-careers/how-to-become-a-special-effects-makeup-artist/ Glenn Hetrick, Special effects Make-up Artist/Designer. (2014, April 9). Retrieved March 18, 2015, from http://www.makeupforever.com/int/en-int/magazine/academy-news/glenn-hetrick-special-effects-make-artistdesigner Roos, Dave. How Special Effects Artists Work. (2008, June 5) HowStuffWorks.com. Retrieved March 18, 2015, from http://entertainment.howstuffworks.com/special-effects-artist Smith, D. (2015, January 1). Learn special effects makeup without going to makeup school. Retrieved March 18, 2015, from http://www.dicksmithmake-up.com/ Special Effects Makeup Artist. (n.d.). Retrieved March 18, 2015, from http://getinmedia.com/careers/special-effects-makeup-artist Organizational Method: Topical Topic : “Online Dating” General purpose : To inform. Specific purpose : To inform my audience about advantages...
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...Professor Sharma Kareisha Hawkins October 7, 2010 In this paper I will define the purpose and function of money. I will explain how the Federal Reserve’s manages the monetary system of the United States of America. In this paper I will also talk about the stated direction of recent monetary monetary policy in our nation. I will also explain what the effects of monetary policy are on production and employment in the economy. In defining the purpose of money, one must simply define money’s function. Money has many purposes but one purpose of money is that it has a standard exchange. It has a unit of account and a store value. “A medium of exchange is an item that buyers give to sellers when they produce goods and services. (Mankiw 2007) An example of this is if a person goes to Mr.T’s bar-b-que, that person pays Mr.T for the bar-b-que they just ate. Money as a unit of account is a measurement used to understand the value of a good or service or debt. For example if a candy bar costs $1 and a TV costs $300, then the TV might be worth 300 candy bars, but it is measured in money. Money as “a store of value is an item that people can use to transfer purchasing power from the present to the future.” (Mankiw) Federal Reserve is the central bank of the United States of America. The Federal Reserve Bank was created in 1913 to supervise our nation’s bank and to control the money supply of the nation. The Federal Reserve manages the nation’s monetary system with “three tools...
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...b) Discuss in details Consolidated Fund Section 39(1) of the Constitution Act 1902 provide ‘ Except as otherwise provided by or in accordance with any Act, all the public moneys… collected, received or held by any person for or on behalf of the State shall form one Consolidated Fund. The Consolidated Fund is the account into which the government deposits taxes, tariffs, excises, fines, fees, loans, income from Crown assets and other revenue once collected, together with transfer from the commonwealth, and from which it withdraws the money it requires to cover its expenditure. Before going further, the Accountant General of Malaysia in compliance with Section 16(1) of the Financial Procedure Act 1957 prepared The Federal Government Financial Statement and audited by the Auditor General before being tabled in the Parliament in compliance with Section 16(2) of the act. The preparation of The Federal Government Financial Statement is constructed to show the financial position, cash flow and financial performance of the government. These Financial Statements report all financial transaction pertaining to the sources and applications of the financial resources as appropriated by the parliament for respective financial year. Statement of Financial Position of the Federal Government shows the amount of cash and investment held in respect of three accounts of the Consolidated Fund which is Consolidated Revenue Account, Consolidated Loan Account and Consolidated Trust Account...
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...deacons impacts trillions of dollars and hundred of millions of people. It is important to understand the function of money, the structure of the Fed Reserve and purpose, how the central bank controls the money supply and lastly what current monetary policy has the Fed enacted to boost up the economy. The Purpose and Function of Money Money is an economic resource. It is a mean to obtain value to be utilized for different purposes in ways other than the manner earned or realized. Money and its function simplify the production and use of wealth. It is defined as anything that is “widely accepted as a medium of exchange” (McConnell, Brue, & Flynn, 2009). Some of its functions are as follows: * Unit of account – monetary units are used as yardsticks to measure the comparative value of an array of goods and services, and resources. * Store of value/wealth – enables people to purchase goods and services in the present or future. * Medium of exchange – it is usable for buying and selling of goods and services. Money allows society to escape the complication of barter. As for the medium of exchange or currency in the United States and perhaps the most recognizable medium in the world is the United States dollar. The two components or measurements of the money supply in the United States are M1 and M2. The first consists of currency (paper money and coins) in public circulation, as well as all deposits in banks (commercial) or saving institutions which permit...
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...the public for the purpose of lending to businessmen and others who may seek loans. Actually the money deposited in any bank is mostly the saving of the people. As you know, if someone earns money and has regular income, he or she not only spends it for day-to-day expenses but also tries to save a part of the income for future needs. Money may be needed in future for various purposes like medical treatment in case of illness in the family, expenses on account of marriage, or for higher studies of the children, or to celebrate religious festivals, etc. The money saved to meet future needs may be kept at home. But will it be safe at home? It may be stolen. Moreover, the money saved will remain idle at home without any return. So people keep their savings with someone where it will be safe and earn a return. Bank is such a place where money once deposited remains safe and also earns interest. In this lesson, we shall learn about the types of deposit accounts that can be opened in a bank, and also discuss how a savings bank account can be opened and operated. 16.1 Objectives After studying this lesson, you will be able to: classify bank deposit accounts; discuss the steps to be taken for opening a Savings Bank Account; and describe the procedure of operating a Savings Bank Account. 15 Business Studies 16.2 Types of Bank Deposit Accounts Bank deposits serve different purposes for different people. Some people cannot save regularly; they deposit money in the bank only when...
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...COURSE UNIT: EC223 MONEY AND BANKING DATE OF SUBMISSION: NAME: KALULE RICHARD REG NO: 10/U/66/BEK/GV SIGNATURE Money can be defined as any thing that is generally acceptable as a medium of exchange. It can also be defined as a third commodity that is introduced between two other commodities to facilitate exchange. Money can therefore be looked at as an instrument that helps in fulfillment of contracts, discharge of debts and as a standard of deferred payment. Due to the obligation of people to accept money in the discharge of debts, money is often referred to as legal tender. The demand for money can be defined as the desire by the public to hold cash other than investing it in interest earning assets. it can also de defined as the desire by the individuals and businesses to hold their incomes partly in cash and partly in form of assets. The question of why do people demand for money has been a great topic of discussion among the economists from the days of the classical economists to the monetarists but like many other economic phenomena, no common consensus has ever been reached. Unlike the goods and services, money has no intrinsic value that is to say does not provide direct utility. Instead, the existence of money helps in improving the transactions where we obtain goods that satisfy human wants. Money is therefore useful because it provides an improved alternative in transactions technology over barter trade. The demand for money arises from the two...
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... stock on which title is passed on delivery, and similar material; and (C) as the Secretary of the Treasury shall provide by regulation for purposes of sections 5316 and 5331 [31 USCS §§ 5316 and 5331], checks, drafts, notes, money orders, and other similar instruments which are drawn on or by a foreign financial institution and are not in bearer form." Source : http://definitions.uslegal.com/m/monetary-instruments/ What is Laundering of Monetary Insruments? Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money. The money laundering process can be broken down into three stages. First, the illegal activity that garners the money places it in the launderer’s hands. Second, the launderer passes the money through a complex scheme of transactions to obscure who initially received the money from the criminal enterprise. Third, the scheme returns the money to the launderer in an obscure and indirect way. Tax evasion and false accounting practices constitute common types of money laundering. Often, criminals achieve these objectives through the use of shell companies,holding companies, and offshore accounts. A shell company is an incorporated company that possesses no significant assets and does not perform any significant operations. To launder money, the shell company purports to perform some service that would reasonably require its customers to often pay with cash. Cash transactions increase...
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...legalized marijuana for medicinal purposes. Also, marijuana has been decriminalized in several states. Marijuana should be legal because it has medicinal purposes, keeping it illegal costs more money, and people have the freedom to put into their bodies as they please. Marijuana should be legal because its been proven to have medicinal purposes. Using marijuana for medicinal purposes has been a subject of controversy ever since the Supreme Court cleared its usage (Kravets). Marijuana functions as a medicine because it speeds up the metabolism which helps to stimulate appetite. Marijuana also causes a feeling of euphoria, which eliminates the feeling of pain in cancer and AIDS patients. Glaucoma, an eye cancer, allows patients to treat the disease with marijuana. Colorado and California are the most known medicinal marijuana states. These two states have decriminalized the substance, which means if an individual gets caught with marijuana under the legal amount, a simple fine gets issued. Peter McWilliams states, “Marijuana is the finest anti-nausea medication known to science, and our leaders have lied about this consistently. [Arresting people for] medical marijuana is the most hideous example of government interference in the private lives of individuals. It's an outrage Charles 2 within an outrage within an outrage.” (McWilliams). Therefore, marijuana should be legal because it has medicinal purposes. Marijuana costs too much money to keep it illegal, which states...
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...Financial Terms FIN/370 Moya Staten 11/09/2013 * Finance * Finance is the analysis of company movements that starts at launch and operation by organization of monetary equipment by many accounts and markets to exchange liabilities, assets and risks. Its purpose is to formulate methods and procedure to establish and regulate funds. * * Efficient market A market whose prices quickly respond to the announcement of new information. * * Primary market Primary market is a part of the financial market where new security issues are initially bought and sold. * Secondary market The financial market where previously issued securities such as stocks and bonds are bought and sold. * Risk * The measurable prospect of the damage investors can take when purchasing securities or stocks when they do not result in the expected returns. There are some(prenominal) examples of financial risk including economic risk, inflation risk, market risk, and money risk. Risk is completely different when compared to returns and considerably influences financial managing for every return is imminent. * * Security A negotiable instrument that represents a financial claim that has value. Securities are broadly classified as debt (bonds) and equity securities (shares of common stock). * * Stock An instrument that signifies an ownership position in a corporation. * Bond *...
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...Griffith Reference: “The 8th Tuesday. We talk about money” – Tuesdays with Morrie “Working with a purpose and setting the right value” What do you want? What do you need? Can you distinguish the differences between wants and needs? When you are asked to classify an item under any of these categories, most of the people can distinguish it, but how many of these people would actually apply this when they are seeking for something? The human brain is a very complex organ, it allows us to think, feel, move, sense, hear, taste and smell. The vast amount of today’s information, we are always busy receiving, processing, analyzing and storing the information retrieved; gradually we started to forget our meaning of doing so; we started to lose the intention in doing something, the reason to work, to study and even the purpose of life. As Morrie addressed on the 8th Tuesday: “It’s all part of the same problem. We put our values in the wrong things.” It seems very straight forward what Morrie said, the problem is that human now a day mistakenly put the wrong value in something or undervalued things that should worth more. In general, every human being in a certain stage or maybe in our entire live valued a piece of smooth rectangular greenish paper the most, no matter what we are doing, this piece of paper somehow link with our purpose, reason or meaning that we gives to our actions. Money isn’t everything, but without money we are nothing. Is this true? We study hard to earn a...
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