Secant Methods Application

SUBMITTED TO: sir sajid presentation on application of secant method April 16, 2013 MCS 1st sem ————————————————- ROLL # 31 to 40 SECANT METHOD * The  Secant  command numerically approximates the roots of an algebraic function,  f, using a technique similar to Newton's method but without the need to evaluate the derivative of  function. * Given an expression  f  and an initial approximate  a, the  Secant  command computes a sequence,  =, of approximations to a root of  f, where  Ã‚  is the number of iterations taken to reach a stopping criterion. The  Secant  command is a shortcut for calling the  Roots  command with the  method=secant  option Advantages of secant method * It converges at faster than a linear rate, so that it is more rapidly convergent than the bisection method. * It does not require use of the derivative of the function, something that is not available in a number of applications. * It requires only one function evaluation per iteration, as compared with Newton’s method which requires two Disadvantages of secant method * It may not converge. * There is no guaranteed error bound for the computed iterates. * It is likely to have difficulty if f? (? ) = 0.This means the x-axis is tangent to the graph of y = f (x) at x = ?. * Newton’s method generalizes more easily to new methods for solving simultaneous systems of nonlinear equations. APPLICATION OF SECANT METHOD 1. You are working for a start-up computer assembly company and have been asked to determine the minimum number of computers that the shop will have to sell to make a profit. The equation that gives the minimum number of computers to be sold after considering the total costs and the total sales is 2. Use the secant method of finding roots of equations to find the minimum number of computers that need to be sold to make a profit. Conduct three iterations to estimate the root of the above equation. Find the absolute relative approximate error at the end of each iteration and the number of significant digits at least correct at the end of each iteration. 3. Today the most important application of secant method is to predicting the earthquake performance of structures. sozen has been credited with having developed progenitor procedures. 4. Based on the sinusoidal pulse width modulation technology and regular sampling  method, the switching time point’s calculation formulas  of  tangent  method  and  secant  method  are established.This paper analyses the precision  of  switching turn-on and turn-off time point, and compare these switching time points. Calculation results show that SPWM pulses generated by tangent  method  and  secant  method  are closest to the pulse generated by natural sampling, the THD is also smaller than by regular sampling. 5. Secant method is used to determine the optimal stage. ( maximize or minimize ) the problem or solution. Example You are working for a start-up computer assembly company and have been asked to determine the minimum number of computers that the shop will have to sell to make a profit.The equation that gives the minimum number of Computers ‘x’ to be sold after considering the total costs And the total sales is: Solution Use the Secant method of finding roots of equations to find * The minimum number of computers that need to be sold to make a profit. Conduct three iterations to estimate the root of the above equation. * Find the absolute relative approximate error at the end of each iteration, and * The number of significant digits at least correct at the end of each iteration.

Ethics and Business Practice

One of the many challenges facing businesses today is how to harmonize their organization, work and professional ethics in line with the prevailing business practices and environment. Beckton Dickinson lies between a rock and a hard place. They would want to carryout their business activities strictly adhering to not only their organization’s policies and ethics but also the stipulations by the US government that vehemently outlaw any form of corruption or bribery.The US laws on international trade made it illegal for any multinational operating both at home or in foreign territories, to engage in any malpractice that seeks to influence a decision by any government, institution or individual. Many multinationals especially in Eastern Europe, Asia and Africa where there no stringent laws on tendering, have been known to give kickbacks to influence the process. The individuals and the key decision makers behind tendering are also known to ask for gifts and kickbacks so that they would favor a specific company. These gifts or commissions may range from a small gift to a colossal amount of money.Beckton Dickinson management team strives to maintain high standards that embrace fairness and honesty, and have designed a guide advocating for the same. They have issued clear guidelines to their employees detailing the company’s expectations on the proper conduct and business practice both within the United States and globally. This guide touches on the issues ranging from political contribution to what is considered to be a gift. The employees have raised their reservations on these guidelines and would wish the amount in regard to what is acceptable in terms of gifts to be defined according to the regions involved.Kickbacks and bribery as indicated in this report is not only a problem limited to any specific corporation, industry or government. It is a universal problem that equally requires global attention. It has permeated every aspect of business life and practice. An analyses of the problem would reveal that almost all the parties involved play a role in perpetrating the vice. The big corporations are in business and would want to under all cost secure the most profitable deals. Beckton Dickinson would in no doubt wish to expand its sales and maintain its market leadership position in supplying health sector appliances.To keep its competitor a bay it might be forced to engage in malpractices to secure the contracts. The tendering individuals also may be asking for bribes as well as the government officials. This problem hence is not perpetrated by a single party but by almost all the players. World opinion of late seem to be tilting towards unanimity in the need to establish strict anti-corruption laws in the procurement departments. Bribery is a vice that leads to morals and societal degeneration. In condoning this vice the perpetrators are threatening the social good.The principle of integrity, fairness and honesty are being threatened. It is imperative that steps be taken to curb this menace to ensure that fairness thrives. Small businesses are being threatened, as some of them cannot afford the bribes and kickbacks. There should be strict adherence to business ethics to level the playing field and ensure fair competition. Performance expectations gap is the gap that exists between what the society and shareholders expect the company to deliver in terms of performance and what it (company) actually delivers (www. abrema. net).The shareholder and the state have insisted on the adherence to the stipulated laws as far as proper business ethics is concerned. The accountants and auditors of Beckton Dickinson are having it rough and are in a dilemma as far as accounting fro the gifts and the kickbacks is concerned. The company has issued clear guidelines on the require business ethics. It is advocating for mandatory compliances on the side of the employees. The employees especially the personnel on the groun d claim the situation is hostile and tends to lean more on bribery and kickbacks.If you don’t pay for the gifts, the rival companies will do it and clinch the tender. The company has not been able to harmonize its ethics to encompass all levels of its operations. There should be distinct guidelines in the different regions. Whereas some gifts may be considered ethical in for example the United States, in Japan it is a different story altogether. The company should not abet bribery in some countries while being strict in others. However the recent steps taken by the company is a positive indicator that even though the problem is serious, the organization is taking bold steps to curb it.The top management has flown into the regional branches to train the personnel and emphasis on the companies stand as far as business ethics are concerned. The trend is not expected to change overnight. Gradually the company will achieve its key objective and instill discipline in this workforce . The situation though in the internationals scene will take long to change. The remedy to curbing this unethical practice requires a multifaceted approach, an approach that will encompass all the players involved. There are different approaches that can be taken in this.Some scholars claim that the big corporations are to blame, having recognized a weakness especially in the developing countries systems of governance; they have been known to use all manners of strategies ranging from intimidation to bribery. Hence in ending those unethical practices, corporations have to be at the forefront. Self-regulation of these companies has to be emphasized, change must come from within rather than without (www. newstarget. com) compliance with the ethical guidelines by Beckton Dickinson is a step in the right direction and should be emulated by other players in the industry.The key to unlocking this ethical deadlock however, many will agree, lies in the government structures and policies the mselves. The United States for example issued the stipulations on business practices and ethics as far as bribery and kickbacks are concerned. This greatly reduced the cases as bribery as corporations can now be faced with legal actions upon contravention of the rules. It is upon the governments as the key decision makers, to streamline their procurement rules to ensure fairness, transparency and accountability. Legal redress should be provided to the aggrieved parties.Although the corporations and the society have a role to play the governments hold the key and should be the one to initiate this change and ensure stiff penalties to the defaulters. Reference Dani Veracity, Bribery in medicine: how drug authorities, Big pharmapushers and other medical racket operations forfeit ethics for powers and profits. Last updated on January 10,2006. Retrieved in 23/09/07 from http://www. newstarget. com/016676. html ABREMA. Activity based risk evaluation model of auditing. Retrieved on 23/09/0 7 from http://www. abrema. net/abrema/expec-gap-ag. html

Final Project of Fin619

[pic] Pass Dear Student you are declared PASS in your written work. Start preparing for presentation & viva voce and improve your work according to the given instructions and guidelines available at VULMS of your course under the icon DOWNLOADS after clicking COURSE WEBSITE at VULMS. Also read lesson # 7 of this course in this for effective preparation of your presentation slides. For any course related query and information, you can contact us via MDB, Email ([email  protected] edu. pk) and telephone (92 (42) 111 880 880 (Extension: 8851 or 3941). RATIO ANALYSIS OFASKARI BANK, UNITED BANK AND BANK ALFALAH FOR THE YEARS 2009, 2010, 2011 A PROPOSAL FOR REPORT TO BE SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCES, VIRTUAL UNIVERSITY OF PAKISTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER IN BUSINESS ADMINISTRATION (MBA-Exec) Submitted By: AAMIR SHAHZAD MC100403644 MBA-Exec (Finance) SUBMISSION DATE: 02-02-2013 Virtual University of Pakistan Letter of Undert aking Job confirmation letter [pic] Dedication I would like to dedicate this project to My parents My Wife & My Kids Ashar Ali & Mubashar Ali AcknowledgementAll my efforts for my MBA and this Project would have been nothing with out the help and grace of Almighty Allah and I am always Gratified to Blessings of Allah. More than anybody else, I would like to acknowledge my uncle Mr. Ashfaq Ali Tabassam for his never ending support. He always guided me whenever I felt stuck off and his encouragement always worked as moral booster for me. I would like to extend my special thanks to my friend Mr. Aamir who advised me time to time and provided me technical assistance. I am highly indebted to my boss in my organization Mr.Muzaffar Ali who spared me and gave me ample time, out of my professional commitments, to go all out for my MBA from Virtual University of Pakistan. Executive Summary The purpose of this report titled â€Å"RATIO ANALYSIS OF ASKARI BANK, UNITED BANK AND BANK ALFALAH FOR THE YEARS 2009, 2010, 2011†is to investigate the financial performance of these banks during the mentioned period. The first chapter of this report deals with introduction of project and banks under study, financial period under consideration, objectives and significance of the project. The second part is about data processing and analysis.The fourth chapter is about calculation of different ratios its comparison and interpretation. In last chapter conclusions and recommendations have been given. The data for the study is collected from financial repots of the banks which are available on theirs respective websites. The financial reports included the balance sheet, income statement and cash flow statements. As regards to finding of study, the Net Profit Margin ratio of Askari and bank Alfalah is low as compare to UBL. UBL is also on top in gross spread ratio, return on equity, debt ratio and Advance/Deposit ratio.While Askari Bank has better cash flow ratio and Price/Earning r atio. It is recommended for Bank Alfalah and Askari bank to cut down their non markup expenses to improve their Net Profit Margin Ratio while, on the other hand their turnover is satisfactory. UBL and Alfalah should decrease their current liabilities and ensure the availability of more liquidity to meet short term debts. Askari bank and bank Alfalah both banks need to adopt measures to cut down their interest expenses in order to increase their gross spread ratio.In order to increase non interest income Askari and Alfalah needs to increase their earnings through fees, commissions and other advisory charges etc. In Advance/Deposit ratio Askari bank and Alfalah should have to utilize their deposits in more projects either through corporate financing or general public financing. Table of Contents Section I Chapter 1†¦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‚¬ ¦8 â⠂¬ ¢ 1. 1 Introduction of the project †¢ 1. 2 Banks Introduction †¢ 1. 4 Period Under Consideration †¢ 1. 5 Objectives †¢ 1. 6 Significance Chapter 2†¦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‚¬ ¦11 †¢ 2. 1 Data Collection 2. 2 Data Processing and Analysis Chapter 3†¦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‚¬ ¦. 12 †¢ 3. 1 Net Profit Margin †¢ 3. 2 Operating cash flow ratio †¢ 3. 3 Gross Spread ratio †¢ 3. 4 Non-interest income to total income ratio †¢ 3. 5 Spread ratio †¢ 3. 6 Advances/deposit ratio †¢ 3. 7 Return on total equity (ROE) †¢ 3. 8 Debt ratio †¢ 3. 9 Debt/Equity ratio †¢ 3. 10 Price/Earning ratio Chapter 4†¦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‚¬ ¦. 26 †¢ 4. 1 Conclusions †¢ 4. 2 Recommendations Section I †¢ a) Student Introduction †¦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‚¬ ¦29 †¢ b) Bibliography †¦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‚¬ ¦30 Section IChapter 1 1. Project Introduction The financial ratio analysis techniques referred to in this aid could be useful to analyze any company financial performance. This study is also going to investigate the financial performance of three mentioned banks e. g. Askari bank, united bank and Bank Alfalah. These banks are surveying in the Pakistani Market and are competitors each other. Hence this study is going to find out which bank has strong financial position over other two banks. With the h elp of financial ratio analysis we can analyze the financial position of any company.Many stakeholders, investors, creditors may analyze any company, firms financial position with the help of ratio analysis before taking any important decision regarding to investments or any other. Therefore financial ratio is a mathematical correlation among several numbers often stated in the form of percentage, times, or days. 1. 2 Banks Introduction Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962.The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. United Bank Limited (UBL) was incorp orated in Pakistan on November 7th 1959. In 1963 the bank opened its first overseas branch in London, United Kingdom. In 1971 the UBL was nationalized by the Government. In 2002, the Government of Pakistan sold it in an open auction to a consortium of Abu Dhabi Group and Bestway.Currently UBL is one of the largest commercial banks in Pakistan having more than 1,220 online branches inside the country. Its 15 branches outside the country are in the United States of America, Qatar, UAE, Bahrain, and Republic of Yemen. It also has representative offices in Tehran (Iran), and Almaty (Kazakhstan). It owns subsidiaries in the UK (United National Bank Limited), and in Zurich (Switzerland). Bank Alfalah Limited was incorporated on June 21st, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from 1st Nov, 1997.The Bank is currently operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan, with the registered office a t B. A. Building, I. I. Chundrigar, Karachi. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. During the past five years, Bank Alfalah has emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today. 3. Financial Period Under-Consideration for Analysis:Financial period under consideration for analysis (2009, 2010, 2011) 4. Objectives 1. To analyze the selected banks efficiency in managing their resource for generating profit 2. To composition of capital structure of the selected banks, how much of the bank’s assets are financed through external and internal debt. 3. To find out that how effectively selected banks are maximizing their profit by controlling their interest expenses. 4. To compare the selected banks interest income with their interest expenses. 5. Are banks able to pay the current liabilities from their cash equivalents? . Significance The significance of these projects may include the following 1. The finding of this research will be more beneficial for investors, creditors, to take good decision after seeing the result of ratio. They can easily analyze the bank position through this study result. Bank Management may also study the finding of this study to determine the success or failure of particular sales, marketing as well as financing strategies. 2. At the end of this research, we will be able to get which bank is more able to pay its current liabilities from their cash equivalents. 3.The major outcomes of this research, this study will clear the concept regarding to financial ratio analysis in banking sector by applying different ratios. 4. This research may help the stakeholders to analyze financial ratios result before taking any serious decisions. 5. Financial mangers of selected banks also take advanta ges from this study to identify their bank strengths and weakness and will improve their poor areas. Chapter 2) Data Processing & Analysis 1. Data Collection Sources Study has used three banks annual reports/balance sheet, income statements, cash flow statements for data analysis and data processing.In research only secondary would be used to access the objectives which are mentioned as above. The study has used secondary sources to access the objectives of this research. The sources of this research were three banks websites. Annual reports were collected from the websites 2. Data Processing and Analysis Tools: Data was processed, analyzed and all the entry has done on excel sheet. Hence Study has used Excel sheet for data analysis and for calculation purpose. Result has been displayed on MS world in tabulation form with interpretation. Chapter 3) Data Analysis Ratio Analysis 1 Net Profit Margin SignificanceNet profit margin ratio explicit the profitability of the institution again st the revenue. It will also define the performance of the company in its operations in the market. So, shareholders assess it carefully in order to take their economic decisions. FORMULA: Net profit margin= (Net profit/ Revenue) *100 |Banks |2009 |2010 |2011 | |UBL |9,192,687/61,107,025*100 |11,159,930/59,331,761*100 |15,499,663/70,450,475*100 | | |15. 4% |18. 81% |22. 00% | |Askari Bank |1,097,507/22,586,736*100 |943,177/27,952,162*100 |1,627,698/32,766,351*100 | | |4. 86% |3. 37% |4. 97% | |Bank Alfalah |897035/35561312 *100= |968452/37530256*100= |3503130/44298178*100= | | |2. 2% |2. 58% |7. 91% | |Banks |2009 |2010 |2011 | |UBL |15. 04 |18. 81 |22. 00 | |Askari Bank |4. 86 |3. 37 |4. 97 | |Bank Alfalah |2. 2 |2. 58 |7. 91 | [pic] Interpretation and comparison The analysis of above table and graph depicts that the Net Profit Margin of all the Three banks is increasing. UBL is on the top with 15. 04% earning in the period of 2009 and increasing in the respective years with 18. 81 % in the year 2010 and 22% in 2011 which shows a positive trend which is due to the stringent control on operating expenses . While on the side, Askari bank Profit margin shows minor fluctuation with 4. 6% in the period 2009 then decreases in 2010 to 3. 37% owing to increase in non markup expenses and increases to 4. 49% in the year 2011. Profit margin of Bank Alfalah is also showing positive ness which is 2. 52% in 2009 and 2. 58% in the year 2010 and sore up to 7. 91% in 2011. 2 Operating Cash Flow Ratio Significance The ratio explains the cash flows of the bank or company which it earns by its operations and analyze it against it current liabilities to determine how well a company is in paying its debts which fall due in the financial year.FORMULA: Operation Cash Flow Ratio= Net cash generated from operating activities/ Current Liabilities |Banks |2009 |2010 |2011 | |UBL |23,099,432/262214540= |100,070,348/369628811= |108,571,682/407621100= | | |0. 09 times |0. 27 times |0. 7 tim es | |Askari Bank |36,245,071/49327164= |35,810,016/114583064= |36,491,839/14943963= | | |0. 73 Times |0. 31 times |2. 44 times | |Bank Alfalah |19945927/350833577= |18112043/184831395= |54274913/194917015= | | |0. 06 times |0. 0 time |0. 28 time | |Banks |2009 |2010 |2011 | |UBL |0. 09 |0. 27 |0. 27 | |Askari Bank |0. 73 |0. 31 |2. 44 | |Bank Alfalah |0. 06 |0. 0 |0. 28 | [pic] Working Current Liabilities of UBL 2009 2010 2011 †¢ Bills payable (Short term) 5,147,259 5,045,815 5,879,043 †¢ Borrowings (Short term) 35,018,765 44,187,313 45,534,286 †¢ Deposits and other accounts (Short term) 209,685,205 319,797,360 340,999,875 †¢ Liabilities against assets subject to finance Lease (Short term). – – – †¢ Other liabilities (Short term) 12,363,311 369,628,811 407,621,100 †¢ Total 262,214,540 369628811 407,621,100 Working Current Liabilities of Askari Bank 009 2010 2011 †¢ Bills payable (Short term) 2,945,6703,089,9842,756,032 †¢ Borrowings (Short term) 19,300,16325,554,7772,758,043 †¢ Deposits and other accounts (Short term) 22,247,84228,646,7715,516,086 †¢ Liabilities against assets subject to finance ease (Short term). – – – †¢ Other liabilities (Short term) 4,833,48957,291,5323,913,802 †¢ Total 49,327,16411458306414,943,963 Working Current Liabilities of Bank Alfalah 2009 2010 2011 Bills payable (Short term) 3,766,144 4,521,533 5,403,453 †¢ Borrowings (Short term) 20,107,541 13,050,006 17,060,524 †¢ Deposits and other accounts (Short term) 320,249,261 161,368,880 165,257,870 †¢ Liabilities against assets subject to finance lease (Short term). 4,429 3,031 – †¢ Other liabilities (Short term) 6,706,202 5,887,945 7,195,168 †¢ Total 350,833,577184,831,395194,917,015Interpretation and comparison The analysis of the above table and graph show that Operating Cash Flow of UBL is 0. 09 times in the period 2009 and 0. 27 times in the perio ds 2010 and 2011 shows consistency in respective years. While the cash flow of Askari bank is 0. 73 times in 2009 and decreases to 0. 31 times due to decline in cash generated from operating activities and increases to 2. 44 times in the year 2011 due to the decline in short term liabilities and increase in cash generation. Cash flow of Bank Alfalah is 0. 6times in the year 2009 and 0. 10 times in 2010 and 0. 28 times in the period 2011 shows increasing trend. 3 Gross Spread Ratio Significance It is being calculated by dividing the difference of interest earned and expensed by interest expensed on the deposits of the public. It will help to measure the markup income of the bank in the reporting period. FORMULA: Gross Spread Ratio = (Mark-up / return / interest earned – Mark-up / return / interest expensed) / Mark-up / return / interest earned*100 Banks |2009 |2010 |2011 | |UBL |61,107,025- 28,163,787= |59,331,761- 24,997,188= |70,450,475 -31,025,869= | | |32,943,238/61,107,02 5= |34,334,573/59,331,761= |39,424,606/70,450,475= | | |53. 1% |57. 87% |55. 96% | |Askari Bank |22,586,736 – 13,554,078 = |27,952,162 – 17,936,616= |32,766,351- 22,699,583= | | |9,032,658/22,586,736 = |10,015,546/27,952,162= |10,066,768/32,766,351 = 30. 72 % | | |39. 99% |35. 3 % | | |Bank Alfalah |35561312 – 24654180 =10907132/35561312 =|37530256 – 23855448= |44298178 –25687485= | | |30. 67% |13674808/37530256 = |18610693/44298178 = | | | |36. 44% |42. 01% |Banks |2009 |2010 |2011 | |UBL |53. 91 |57. 87 |55. 96 | |Askari Bank |39. 99 |35. 83 |30. 72 | |Bank Alfalah |30. 67 |36. 44 |42. 1 | [pic] Interpretation and comparison The analysis of the above table and graphical representation shows the Gross Spread Ratio of UBL 53. 91% in the period 2009 and increases to 57. 87% in the period 2010 and then decreases to 55. 96% in 2011 respectively, UBL is on the top in interest earning in the market. Askari bank ratio is 39. 99% in the period 2009, 35. 8 3% and 30. 72% in the periods 2010 and 2011. While Bank Alfalah ratio is increasing from 2009 to 2011 with 30. 67%, 36. 44% and 42. 01% which is better marginally then other banks.But UBL is earning more as compare to other two banks due to better policy making and service. 4 Non-Interest Income to Total Income Ratio Significance It is other income which a bank earn from its services related to non markup sources such as advisory services and consultation provided in risk management etc. It describes the percentage of non interest income to total income of the bank or company. FORMULA: Non Mark-up / interest income to total income ratio= non mark-up / interest income / (non mark-up / interest income +Mark-up / return / interest earned)*100 Banks |2009 |2010 |2011 | |UBL |11,419,571/72526596= |10,090,162/69421923= |12,718,253/83168728= | | |15. 75% |14. 53% |15. 29% | |Askari Bank |2,544,415/25131151= |2,800,297/30752459= |2,902,921/35669272= | | |10. 2% |9. 11% |8. 14% | |Bank Alfal ah |5182253/40743565 = |4708161/42238417= |5367713/49665891 = | | |12. 72 % |11. 15% |10. 81% | |Banks |2009 |2010 |2011 | |UBL |15. 5 |14. 53 |15. 29 | |Askari Bank |10. 12 |9. 11 |8. 14 | |Bank Alfalah |12. 72 |11. 15 |10. 81 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Non Interest income of all the three banks with the highest ratio of UBL which is 15. 75% in the period 2009 and 14. 3% in the period 2010 and in 2011 is 15. 29% in comparison with Askari bank and Bank Alfalah. Askari Bank earn 10. 12% in the period 2009 and 9. 11% and 8. 14% in 2010 and 2011 which is declining. While Bank Alfalah ratios are 12. 72%, 11. 15% and 10. 81% in the years 2009, 2010 and 2011 is declining respectively. So, UBL shows better ratio as compare to the other banks in all the three years. The Results shows that UBL shows fluctuation while the other banks ratios show declining trend. Working of Total income of UBL Total Income= (Non mark-up / interest income +Mark-up / return / interest earned)    |Total Income |   |   | |Non Mark-up/interest income |11,419,571 |10,090,162 |12,718,253 | |Mark-up/return/interest earned |61,107,025 |59,331,761 |70,450,475 | |Total Income = |72526596 |69421923 |83168728 | Working of Total income of Askari Bank    |Total Income |   |   | |Non Mark-up/interest income |2,544,415 |2,800,297 |2,902,921 | |Mark-up/return/interest earned |22,586,736 |27,952,162 |32,766,351 | |Total Income |25131151 |30752459 |35669272 |Working of Total Income of Bank Alfalah Total Income= (Non mark-up / interest income +Mark-up / return / interest earned) |   |Total Income |   |   | |Non Mark-up/interest income |5182253 |4708161 |5367713 |Mark-up/return/interest earned |35561312 |37530256 |44298178 | |Total Income |40743565 |42238417 |49665891 | Interpretation and comparison Interpretation is missing. 5 Spread Ratio Significance It is the ratio that describes the markup spread between income and expens e. It helps to measure how much income bank earns by incurring markup cost.Higher ratio shows more profitability through loans and investments. Formula:- Spread Ratio = Interest Earned / Interest Expensed |Banks |2009 |2010 |2011 | |UBL |61,107,025/28,163,787= |59,331,761/24,997,188= |70,450,475/31,025,869= | | |2. 17 times |2. 37 times |2. 7 times | |Askari Bank |22,586,736/13,554,078= |27,952,162/17,936,616= |32,766,351/22,699,583= | | |1. 68 times |1. 56 times |1. 44 times | |Bank Alfalah |35561312/24654180 = |37530256/23855448= |44298178/25687485= | | |1. 44 times |1. 7 times |1. 72 times | |Banks |2009 |2010 |2011 | |UBL |2. 17 |2. 37 |2. 27 | |Askari Bank |1. 67 |1. 56 |1. 44 | |Bank Alfalah |1. 44 |1. 7 |1. 72 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Spread Ratio of the UBL which is highest as compare to the other two banks, is at 2. 17 times in the year 2009 and increases to 2. 37 times in the year 2010 and 2. 27 times in the year 2011, decreases the zig zag trend is due to the fluctuation in both aspects interest earn and expensed. While the ratio of Askari bank 1. 67% in the year 2009, 1. 56% in the year 2010 and 1. 4% in the year 2011 respectively. Bank Alfalah ratio shows increasing trend throughout the three years 2009 to 2011 which are as 1. 44%, 1. 57%, 1. 72% which shows better recovery of interest income from its investments 6 Advances / Deposits Ratio Significance It defines the advances banks make from the available deposits. It measures the ability of the bank in fruitful usage of money of the depositors which will increase the markup income. FORMULA: Advances / Deposits Ratio= Total Advances/ Total Deposits Banks |2009 |2010 |2011 | |UBL |354,091,713/492,036,103= |333,732,172/550,645,767= |325,347,208/612,980,139= | | |0. 72 times |0. 61 times |0. 53 times | |Askari Bank |135,034,499/205,970,227= |152,784,137/255,936,503= |150,710,709/291,502,993= | | |0. 6 times |0. 60 times |0. 52 times | |Bank Alfalah |188042438/324759752= |207152546/354015311= |198468512/401247886= | | |0. 58 times |0. 59 times |0. 49 times | |Banks |2009 |2010 |2011 | |UBL |0. 2 |0. 61 |0. 53 | |Askari Bank |0. 66 |0. 60 |0. 52 | |Bank Alfalah |0. 58 |0. 59 |0. 49 | [pic] Interpretation and comparison The analysis of the above table and graph shows Advance/Deposit ratio of UBL which is very high as compare to other banks 0. 2 times in the year 2009 and 0. 61 times in the year 2010 and 0. 53 in the year 2011. Askari bank ratio is 0. 66 times, 0. 60 times and 0. 52 times in the consecutive years 2009, 2010 and 2011. While the ratio of bank Alfalah is 0. 58 times in 2009 and increases to 0. 59 times 2010 and decline drastically to 0. 49 times in 2011with 0. 10 times which shows that Bank Alfalah is not utilizing its deposits effectively as compare to other banks. 7 Return on Total Equity (ROE) Significance It measures income bank earns from the equity.It determines the ability of the institution how productively it uses the money of shareholders in its business. High ratio will allure more investors. FORMULA: Return on total Equity=Net Income/ Total equity*100 |Banks |2009 |2010 |2011 | |UBL |9,192,687/52276246*100= |11,159,930/60180924*100= |15,499,663/70,622,933*100= | | |17. 58 % |18. 4 % |21. 94% | |Askari Bank |1097507/ 13142688 |943177/ 14820578*100= |1627698/ 16508782*100= | | |*100= 8. 35 % |6. 36 % |9. 86 % | |Bank Alfalah |897035/ 19770260 *100= |968452/ 19726556*100= |3503130/ 22839886*100= | | |4. 4 % |4. 91 % |15. 34 % | |Banks |2009 |2010 |2011 | |UBL |17. 58 |18. 54 |25. 76 | |Askari Bank |8. 35 |6. 36 |9. 86 | |Bank Alfalah |4. 4 |4. 91 |15. 34 | [pic] Working of Total Equity UBL (UBL) |   |Working Total equity |   |   | |   |Total Equity |   |   | |   |2009 |2010 |2011 |Share capital |11,128,907 |12,241,798 |12,241,798 | |Reserves |18,959,537 |21,688,637 | | |Un appropriated profit |22,187,802 |26,250,489 | | |Total Equity |52276246 |60180924 | | |   |   |   |   | Working of Total Equity (Askari bank)    |2009 |2010 |2011 | |Share capital |5,073,467 |6,427,440 |7,070,184 | |Reserves |7,235,710 |7,691,319 |8,136,440 | |Un appropriated profit |833,511 |701,819 |1,302,158 | |Total Equity |13,142,688 |14,820,578 |16,508,782 | Working of Total Equity (Bank Alfalah)    |2009 |2010 |2011 | |Share capital |13491563 |13491563 |13491563 | |Reserves |3587969 |3819133 |4100264 | |Un appropriated profit |2690728 |2415860 |5248059 | |Total Equity |19770260 |19726556 |22839886 | Interpretation and comparison The analysis of the above table and graph show the Return On equity of all the three banks. UBL ratio is 17. 58% in the year 2009, 18. 54% in the year 2010 and 25. 76% in the year 2011. While Askari bank ratio is 8. 35% in 2009, 6. 36% in the period 2010 and 9. 86% in 2011 respectively. Bank Alfalah ratios are 4. 54%, 4. 91% and 15. 34% in the periods 2009, 2010 and 2011.So on marginal basis Alfalah improves utilizat ion of equity then other two banks. But on the whole, UBL is on the top in optimum utilization of stakeholders equity. 8 Debt Ratio Significance It measures the liabilities of the bank or company against the total assets. It should be low as investors like low ratio because the need their residual interest to be secured. FORMULA: Debt ratio= (Total debt/ Total assets)*100 |Banks |2009 |2010 |2011 | |UBL |558,779,710/619,718,433*100= |631,402,822/699,817,887*100= |698,906,833/778,059,741*100= | | |90. 7% |90. 22 % |89. 83 % | |Askari Bank |239,378,374/254,327,446*100= |298,740,410/314,744,552*100= |325,980,040/343,756,306*100= | | |94. 12 % |94. 92% |94. 83% | |Bank Alfalah |366936635/389070055*100= |389178295/411483839*100= |442396764/468173802*100= | | |94. 31% |94. 58 % |94. 49 % | Banks |2009 |2010 |2011 | |UBL |90. 17 |90. 22 |89. 83 | |Askari Bank |94. 12 |94. 92 |94. 83 | |Bank Alfalah |94. 31 |94. 58 |94. 49 | [pic] Interpretation and comparison The analysis of the above ta ble and graph show the Debt Ratio, UBL ratio is 90. 17 in the year 2009, 81. 15% in the year 2010 and 99. 7% in the year 2011. Askari bank ratio is 94. 12% in 2009, 94. 12% in 2010 and 94. 83% in 2011 which show consistency in the three years. Bank Alfalah shows also consistent trend in 2009, 2010 and 2011 are 94. 31%, 94. 58% and 94. 49%. So results show that UBL ratio is increasing which is not good indication as compare to other banks, while other banks are controlling effectively their Debt ratio. 9 Debt / Equity Ratio Significance It is the percentage of liabilities to shareholders’ money. It will define either the bank is equity or liability based. It also helps to assess the how risky the company is. FORMULA: Debt / Equity Ratio = (total debt/ total equity) Banks |2009 |2010 |2011 | |UBL |558,779,710/52276246= |631,402,822/60180924= |698,906,833/70,622,933= | | |10. 69 times |10. 49 times |9. 90 times | |Askari Bank |239,378,374/13142688= |298,740,410/14820578= |325, 980,040/16508782= | | |18. 21 times |20. 16 times |19. 75 times | |Bank Alfalah |366936635/19770260 = 18. 56 times |389178295/19726556= 19. 73 times |442396764/22839886= 19. 37 times | Banks |2009 |2010 |2011 | |UBL |10. 69 |10. 49 |11. 61 | |Askari Bank |18. 21 |20. 16 |19. 75 | |Bank Alfalah |18. 56 |19. 73 |19. 37 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Debt/Equity ratio where UBL ratio is 10. 69% in 2009,10. 49% in the year 2010 and 11. 1% in the year 2011 respectively which remains consistent in first two years then increases in 2011. Askari bank ratio is 18. 21% in 2009 which too high as compare to UBL, 20. 16% in 2010 and 19. 75% in the year 2011. While Bank Alfalah is on the same level 18. 56% in 2009, 19. 73% and 19. 37% in the years 2010 and 2011. As as consequence of analysis, UBL ratio is much better then other banks as its ratio is approximately 8% below the other banks ratio. 10 Price/Earnings Ratio Significance It will define the price of share against the per share earning. It should be high as it shows business prosperity and growth chances are bright in future. FORMULA: P/E = Current Market Share Price/ EPS Working of EPS EPS WORKING UBL 2009 |2010 |2011 | |Net Income= 9,192,687 |Net Income= 11,159,930 |Net Income= 15,499,663 | |Number of shares= 1,112,890 |Number of shares= 1,224,179 |Number of shares= 1,224,179 | |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares | | |=9,192,687 / 1,112,890 |= 11,159,930/1,224,179 |= Net income/ outstanding number of shares | |= 8. 26 per share |= 9. 12 per share |= 15,499,663/1,224,179 | | | |= 12. 66 per share |No of outstanding share figure has been taken from the notes i. e Share capital EPS WORKING ASKARI BANK |2009 |2010 |2011 | |Net Income= 1,097,507 |Net Income=943,177 |Net Income= 1,627,698 | | |Number of shares= 642,743 |Number of shares= 707,018 | |Number of shares= 507,346 |= Net income/ outstanding numbe r of shares | | |= 943,177/642,743 |= Net income/ outstanding number of shares | |= Net income/ outstanding number of shares |= 1. 47 per share |= 1,627,698/707,018 | |= 1,097,507/507,346 | | | | | |= 2. 30 per share | |= 2. 16 per share | | | BANK Alfalah 2009 |2010 |2011 | |Net Income= 897,035 |Net Income= 968,452 |Net Income= 3,503,130 | |Number of shares= 134,9156 |Number of shares= 134,9156 |Number of shares= 134,9156 | |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares |= Net income/ outstanding number of shares | |= 897,035/ 134,9156 |= 968,452/ 134,9156 |= 3,503,130/ 134,9156 | |= 0. 66 per share |= 0. 71 per share |= 2. 59 per share | |0. 66 |0. 71 |2. 59 | Banks |2009 |2010 |2011 | |UBL |64. 25/8. 26= 7. 77 times |84. 23/9. 12= 9. 23 times | 84. 17/12. 66= 6. 64 times | |Askari Bank |45. 25/2. 16 = 20. 92 times |64. 75/1. 47 = 44. 12 times |73. 49/2. 30 = 31. 92 times | |Bank Alfalah |77. 45/0. 66 = 116. 48 times |114. 23/0. 72= 159. 13 times |16. 87/2. 60= 6. 69 times | |Banks |2009 |2010 |2011 | |UBL |7. 77 |9. 3 |6. 64 | |Askari Bank |20. 92 |44. 12 |31. 92 | |Bank Alfalah |116. 48 |159. 13 |6. 69 | [pic] Interpretation and comparison The analysis of the above table and graph shows the Price Earning ratios, UBL ratio is 7. 77 times in the year 2009, 9. 23 times in 2010 and 6. 64 times in the year 2011is respectively declining. While Askari bank ratio 20. 92 times in 2009, 44. 12 times in 2010 and increases to 31. 2, on the other hand you can see the P/E of bank Alfalah in year 2009,2010, 2011 is 116. 48 in year 2009, 159. 13 year 2010 and 6. 69 in year 2011. After the result it has proved that Bank Alfalah P/E is higher and better in year 2009 and year 2010 than other two banks. Askari bank and UBL shows declining trend which is unfavorable for the investors. Chapter 4) Conclusion and Recommendations 4. 1) Conclusion Following findings has been inferred on the basis of above ratio analyses which are as 1 . Net profit margin ratio of UBL is high as compare to Askari and Alfalah. In addition to that, Bank Alfalah captures the second level in the comparison.So, UBL has taken over the major share of profit margin 2. Analysis of Operating Cash Flow ratio shows Askari bank ratio is high as compare to UBL and Alfalah. 3. On the basis of ratio analysis UBL gross spread ratio is good and high as compare to Askari and bank Alfalah in the current year. While Bank Alfalah is ranked second in the comparison. 4. In accordance with the analysis of non-interest income to total income ratio UBL ratio is high as compare to the other two banks. While analysis show Askari bank ratio is lowest than UBL and bank Alfalah. 5. The analysis has shown UBL spread ratio is high and much better than other banks in comparison. 6.On the basis of advance/Deposit ratio analysis UBL ratio is high as compare to Askari and Alfalah in the current year. 7. The analysis of Return on equity ratio shows that UBL return is h igh and better than the other two banks. 8. Debt ratio Analysis shows that UBL ratio is high than other two banks. While Askari and Alfalah are at the same level. 9. According to the analysis of Debt/Equity ratio Askari bank ratio is high and bank Alfalah is on the second position. 10. The Price/Earning ratio of Askari bank is high in the analysis of the three banks. While UBL is on the second and bank Alfalah is on the third rank. 4. 2) Recommendations 1. The Net profit Margin ratio of Askari and bank Alfalah is low.In order to improve their net profit both the banks should have to cut down their non markup expenses while, on the other hand their turnover is satisfactory. 2. The Operating cash flow of UBL and Alfalah should have to be improved. These banks should decrease their current liabilities and ensure the availability of more liquidity to meet short term debts. 3. Askari bank and bank Alfalah both banks need to adopt measures to cut down their interest expenses in order to i ncrease their gross spread ratio. 4. In order to increase non interest income Askari and Alfalah needs to increase their earnings through fees, commissions and other advisory charges etc. 5.In Advance/Deposit ratio Askari bank and Alfalah should have to utilize their deposits in more projects either through corporate financing or general public financing. 6. 6. Return on total equity of Askari bank is low, it should increase its net income by cut down its expenses with significant margin. 7. Debt ratio of UBL is high so it should have to avoid more borrowings and use available funds in more proper ways. 8. Spread ratio of Askari bank is low as compare to other banks it should have to increase its lending and use deposits in effective ways. SECTION II a) Introduction of the student Last Degree Obtained: – Bachelor of Commerce Current Organization Dubai City Flowers LLC, Dubai, UAECurrent Designation: – Administration Manger Experience 10+ years b) BIBLOGRAPHY Askari ban k limited Pakistan. (2009). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website:http://www. askaribank. com. pk/Reports/Askari%20Financials%202009. pdf Askari bank limited Pakistan. (2010). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website:http://www. askaribank. com. pk/Reports/Askari%20AR2010%20(Final%20Version). pdf Askari bank limited Pakistan. (2011). annual-reports. Retrieved December 6, 2012, from Askari bank Limited Official website: http://www. askaribank. com. k/Reports/Askari%20AR%202011%20ALL. pdf United bank limited . (2009). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. com/corporate/resources/ubl/aboutus/financial_report/report_2009/annual_dec09/UBLAnnualReport2009. pdf. United bank limited . (2010). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. com/corporate/resour ces/ubl/aboutus/financial_report/report_2010/annual_dec10/UBLAnnualReport2010. pdf United bank limited . (2011). Financial-reports. Retrieved December 6, 2012, from United bank Limited Official website: https://www. ubldirect. om/corporate/resources/ubl/aboutus/financial_report/report_2011/Annual_Reports/UBL%20Annual%20Report%202011. pdf Bank Alfalah Limited. (2009). Financial-reports. Retrieved December 6, 2012, from Bank Alfalah Limited Official website: http://www. bankalfalah. com/about/download/AnnualReport2009. pdf Bank Alfalah Limited. (2010). Financial-reports. Retrieved December 6, 2012, from Bank Alfalah Limited Official website: http://www. bankalfalah. com/about/download/BALAnnualReport2010. pdf Bank Alfalah Limited. (2011). Financial-reports. Retrieved December 6, 2012, from Bank Alfalah Limited Official website: http://www. bankalfalah. com/about/download/BALAnnualReport2011. pdf

Espana – creative writing

It was the first time I had seen a large wound, well the first I had remembered, and the first I would never forget. We were on holiday, the perfect holiday from my point of view. There were about twenty of us, varying in age, some from Birmingham, a couple from America but the majority from London. We were going on a road trip, ultimately to Spain but stopping on the way in Dijon, France. As incredible this holiday was starting to sound, the finest part to me was probably the fact that my parents were not here. I had come with my hyperactive 18 year old brother, my cousin who was a medical student, my two aunts, one of whom had brought her grandson along, my beloved nephew. I don't think I can remember a single moment where I wasn't laughing, smiling or simply enjoying the company of my family and the many friends we had made. The journey was astounding; it became one of those trips that could never be able to forget. Stopping in Dijon for a couple of days was amazing. It was the little things that made it unique, for instance my cousin, brother and I would take my nephew, Prem for walks in a stunning rose garden that was simply tranquil. He would want to be with us everywhere, reminding us of ourselves when we were younger and innocent, just he seemed to have five times as much energy as we did. Spain was an experience of wonder. From the people, the night life, foods, activities and that feeling I felt throughout the trip of sheer freedom. It seemed to be absolutely perfect, from the swimming pools to the beach nearby and the balconies that overlooked the entire city that just lit up at night. Being is such a magnificent place, it automatically made me get to know the people I had come with to a great extent. Having this great bond between us all, certainly made us experience Spain just that bit more. In fact, they had made an intense itinerary of things to do for the upcoming week; cram packed with everything you could possibly to in Spain. They had arranged places of great interest that sounded exceedingly pleasurable, but something else had caught my fascination and made be completely obsessed for the next week. It was the swimming pool, including the attached slides, diving facilities, an island with a connecting bridge and a general contemporary look that made it seem as if it was a pool from the next century. Addicted, is the only word that could describe me and my new passion for simply swimming for hours on end, feeding this new obsession of mine. It was here where I learnt how to do my first back flip dive, here where I found out that my swimming shorts could actually drop off if I was not careful, and here where I met my new friend Sarah. She had come to Spain every year for the past 6 years and being Flemish, communication was quite a task but it seemed worth it. We had become inseparable, giving me some of my most treasured memories, one of which was our incessant trips to the swings. I had a new blissful life full of ecstasy, one I would not want to ever give up. I still remember everyday day and moment of the idyllic time I had there. I can distinctively recall upon one day in particular. One I rather forget. It was the three days before I had to leave the resort and that morning, we got up and went straight into the swimming pool. Living life to the greatest, we were enjoying everything we possibly could. Doing our usual routine; Prem, Sarah and I were just taking pleasure in messing about in the pool. Sarah seemed to have gone swimming so much from her various holidays; she had learnt a few tricks. They were astonishing and she tried teaching them to me. Of course I wasn't the best at water gymnastics, but I tried hard and managed to learn some fragments! Soon enough I had got a decent trick of diving into the pool doing a half summersault. Ecstatic about my new accomplishment I forgot about Prem. He was at the back of my mind but to me he would just be playing around, kicking water while staying afloat from armbands. The next thing I remember was when I saw him, climb out of the pool, with some difficulty and strike a pose the way I did when I was just about to do my new diving trick. He shouted right across the pool to where I was and screamed, ‘Hey, Shradha look at me! ‘. That's when I froze. He definitely was not going to be able to make it and the edge of the pool was lined in a fashionable but extremely unpractical layer of sharp broken stones and sand merged together. In a matter of seconds I watched him jump, watched him scrape his shin deep as he twisted and watched him land in the water. At that point I swam as fast as I possibly could to him and jumped out of the pool, pulling him up as well. At this moment it hit me how no one we knew was here but had taken a trip to the beach, how I was left in charge of him and how I had been so irresponsible. As I examined his wound, I saw the deep gash in his leg between his knee and foot, and saw the blood trickling out. That was when a colossal wave of both guilt and worry hit me at once. Along with panic, it was a terrible combination. I was a mess of emotions that clouded my thinking and just made me confused, panicked and flustered. I was trying to comfort Prem and luckily Sarah ran into the hotel and called for help, which came quite fast. She had been the much more practical one, thinking ahead and trying to help the situation. I felt that I could not have been any more negligent and inattentive and that I was to blame for every tear that rushed down his face. The hotel staff came and got him in a relatively stable position but said that Prem should go get it cleaned up and bandaged properly. The hotel managed to contact my aunts and I didn't even know, as I was too wrapped up in other problems. In a matter of what felt like two minutes, my aunts came and saw Prem's leg. Being a doctor, my aunt inspected his leg and succeeded to rustle up a variety of things from the Hotel Staff and Manager. By now I had handed Prem over, and watched as he was being dealt with. I was simply amazed at his courage and bravery. He had stopped crying completely. Even when he was with me, I had not heard a complaint, moan or any sign of making things a hundred things worse than it was. I was learning so much from him, in such a short space of time. The whole incident seemed to have gone in a matter of minuets, but I had felt so many emotions flow through me. It was one of those days I would never forget, and from that day forward I understood so much more about my nephew. How he faced that day made me look at him from another light. For the next day, he complained about wanting to go swimming again. Also, when we got back to France, my cousin, brother and I would once again take my nephew, for walks in stunning rose and lilly gardens because he begged us to take him and never once did we refuse him.

Ch8 Test Bank

CHAPTER 8 SECTION 1: CONTINUOUS PROBABILITY DISTRIBUTIONS MULTIPLE CHOICE 1. Which of the following represents a difference between continuous and discrete random variables? a. Continuous random variables assume an uncountable number of values, and discrete random variables do not. b. The probability for any individual value of a continuous random variable is zero, but for discrete random variables it is not. c. Probability for continuous random variables means finding the area under a curve, while for discrete random variables it means summing individual probabilities. d. All of these choices are true. ANS:DPTS:1REF:SECTION 8. 1 2.Which of the following is always true for all probability density functions of continuous random variables? a. The probability at any single point is zero. b. They contain an uncountable number of possible values. c. The total area under the density function f(x) equals 1. d. All of these choices are true. ANS:DPTS:1REF:SECTION 8. 1 3. Suppose f(x) = 0. 25 . What range of possible values can X take on and still have the density function be legitimate? a. [0, 4] b. [4, 8] c. [? 2, +2] d. All of these choices are true. ANS:DPTS:1REF:SECTION 8. 1 4. The probability density function, f(x), for any continuous random variable X, represents: a. ll possible values that X will assume within some interval a ? x ? b. b. the probability that X takes on a specific value x. c. the height of the density function at x. d. None of these choices. ANS:CPTS:1REF:SECTION 8. 1 5. Which of the following is true about f(x) when X has a uniform distribution over the interval [a, b]? a. The values of f(x) are different for various values of the random variable X. b. f(x) equals one for each possible value of X. c. f(x) equals one divided by the length of the interval from a to b. d. None of these choices. ANS:CPTS:1REF:SECTION 8. 1 6.The probability density function f(x) for a uniform random variable X defined over the interval [2, 10] is a. 0. 125 b. 8 c. 6 d . None of these choices. ANS:APTS:1REF:SECTION 8. 1 7. If the random variable X has a uniform distribution between 40 and 50, then P(35 ? X ? 45) is: a. 1. 0 b. 0. 5 c. 0. 1 d. undefined. ANS:BPTS:1REF:SECTION 8. 1 8. The probability density function f(x) of a random variable X that has a uniform distribution between a and b is a. (b + a)/2 b. 1/b ? 1/a c. (a ? b)/2 d. None of these choices. ANS:DPTS:1REF:SECTION 8. 1 9. Which of the following does not represent a continuous uniform random variable? . f(x) = 1/2 for x between ? 1 and 1, inclusive. b. f(x) = 10 for x between 0 and 1/10, inclusive. c. f(x) = 1/3 for x = 4, 5, 6. d. None of these choices represents a continuous uniform random variable. ANS:CPTS:1REF:SECTION 8. 1 10. Suppose f(x) = 1/4 over the range a ? x ? b, and suppose P(X > 4) = 1/2. What are the values for a and b? a. 0 and 4 b. 2 and 6 c. Can be any range of x values whose length (b ? a) equals 4. d. Cannot answer with the information given. ANS:BPTS:1REF:SECTION 8. 1 11. What is the shape of the probability density function for a uniform random variable on the interval [a, b]? a.A rectangle whose X values go from a to b. b. A straight line whose height is 1/(b ? a) over the range [a, b]. c. A continuous probability density function with the same value of f(x) from a to b. d. All of these choices are true. ANS:DPTS:1REF:SECTION 8. 1 TRUE/FALSE 12. A continuous probability distribution represents a random variable having an infinite number of outcomes which may assume any number of values within an interval. ANS:TPTS:1REF:SECTION 8. 1 13. Continuous probability distributions describe probabilities associated with random variables that are able to assume any finite number of values along an interval.ANS:FPTS:1REF:SECTION 8. 1 14. A continuous random variable is one that can assume an uncountable number of values. ANS:TPTS:1REF:SECTION 8. 1 15. Since there is an infinite number of values a continuous random variable can assume, the probability of each individual value is virtually 0. ANS:TPTS:1REF:SECTION 8. 1 16. A continuous random variable X has a uniform distribution between 10 and 20 (inclusive), then the probability that X falls between 12 and 15 is 0. 30. ANS:TPTS:1REF:SECTION 8. 1 17. A continuous random variable X has a uniform distribution between 5 and 15 (inclusive), then the probability that X falls between 10 and 20 is 1. . ANS:FPTS:1REF:SECTION 8. 1 18. A continuous random variable X has a uniform distribution between 5 and 25 (inclusive), then P(X = 15) = 0. 05. ANS:FPTS:1REF:SECTION 8. 1 19. We distinguish between discrete and continuous random variables by noting whether the number of possible values is countable or uncountable. ANS:TPTS:1REF:SECTION 8. 1 20. In practice, we frequently use a continuous distribution to approximate a discrete one when the number of values the variable can assume is countable but very large. ANS:TPTS:1REF:SECTION 8. 1 21. Let X represent weekly income expressed in dollars. Since there is no set upper limit, we cannot identify (and thus cannot count) all the possible values. Consequently, weekly income is regarded as a continuous random variable. ANS:TPTS:1REF:SECTION 8. 1 22. To be a legitimate probability density function, all possible values of f(x) must be non-negative. ANS:TPTS:1REF:SECTION 8. 1 23. To be a legitimate probability density function, all possible values of f(x) must lie between 0 and 1 (inclusive). ANS:FPTS:1REF:SECTION 8. 1 24. The sum of all values of f(x) over the range of [a, b] must equal one. ANS:FPTS:1REF:SECTION 8. 1 25.A probability density function shows the probability for each value of X. ANS:FPTS:1REF:SECTION 8. 1 26. If X is a continuous random variable on the interval [0, 10], then P(X > 5) = P(X ? 5). ANS:TPTS:1REF:SECTION 8. 1 27. If X is a continuous random variable on the interval [0, 10], then P(X = 5) = f(5) = 1/10. ANS:FPTS:1REF:SECTION 8. 1 28. If a point y lies outside the range of the possible values of a ran dom variable X, then f(y) must equal zero. ANS:TPTS:1REF:SECTION 8. 1 COMPLETION 29. A(n) ____________________ random variable is one that assumes an uncountable number of possible values.ANS:continuous PTS:1REF:SECTION 8. 1 30. For a continuous random variable, the probability for each individual value of X is ____________________. ANS: zero 0 PTS:1REF:SECTION 8. 1 31. Probability for continuous random variables is found by finding the ____________________ under a curve. ANS:area PTS:1REF:SECTION 8. 1 32. A(n) ____________________ random variable has a density function that looks like a rectangle and you can use areas of a rectangle to find probabilities for it. ANS:uniform PTS:1REF:SECTION 8. 1 33. Suppose X is a continuous random variable for X between a and b.Then its probability ____________________ function must non-negative for all values of X between a and b. ANS:density PTS:1REF:SECTION 8. 1 34. The total area under f(x) for a continuous random variable must equal _________ ___________. ANS: 1 one PTS:1REF:SECTION 8. 1 35. The probability density function of a uniform random variable on the interval [0, 5] must be ____________________ for 0 ? x ? 5. ANS: 1/5 0. 20 PTS:1REF:SECTION 8. 1 36. To find the probability for a uniform random variable you take the ____________________ times the ____________________ of its corresponding rectangle.ANS: base; height height; base length; width width; length PTS:1REF:SECTION 8. 1 37. You can use a continuous random variable to ____________________ a discrete random variable that takes on a countable, but very large, number of possible values. ANS:approximate PTS:1REF:SECTION 8. 1 SHORT ANSWER 38. A continuous random variable X has the following probability density function: f(x) = 1/4, 0 ? x ? 4 Find the following probabilities: a. P(X ? 1) b. P(X ? 2) c. P(1 ? X ? 2) d. P(X = 3) ANS: a. 0. 25 b. 0. 50 c. 0. 25 d. 0 PTS:1REF:SECTION 8. 1 Waiting TimeThe length of time patients must wait to see a doctor at an emergen cy room in a large hospital has a uniform distribution between 40 minutes and 3 hours. 39. {Waiting Time Narrative} What is the probability density function for this uniform distribution? ANS: f(x) = 1/140, 40 ? x ? 180 (minutes) PTS:1REF:SECTION 8. 1 40. {Waiting Time Narrative} What is the probability that a patient would have to wait between one and two hours? ANS: 0. 43 PTS:1REF:SECTION 8. 1 41. {Waiting Time Narrative} What is the probability that a patient would have to wait exactly one hour? ANS: 0PTS:1REF:SECTION 8. 1 42. {Waiting Time Narrative} What is the probability that a patient would have to wait no more than one hour? ANS: 0. 143 PTS:1REF:SECTION 8. 1 43. The time required to complete a particular assembly operation has a uniform distribution between 25 and 50 minutes. a. What is the probability density function for this uniform distribution? b. What is the probability that the assembly operation will require more than 40 minutes to complete? c. Suppose more time was allowed to complete the operation, and the values of X were extended to the range from 25 to 60 minutes.What would f(x) be in this case? ANS: a. f(x) = 1/25, 25 ? x ? 50 b. 0. 40 c. f(x) = 1/35, 25 ? x ? 60 PTS:1REF:SECTION 8. 1 44. Suppose f(x) equals 1/50 on the interval [0, 50]. a. What is the distribution of X? b. What does the graph of f(x) look like? c. Find P(X ? 25) d. Find P(X ? 25) e. Find P(X = 25) f. Find P(0 < X < 3) g. Find P(? 3 < X < 0) h. Find P(0 < X < 50) ANS: a. X has a uniform distribution on the interval [0, 50]. b. f(x) forms a rectangle of height 1/50 from x = 0 to x = 50. c. 0. 50 d. 0. 50 e. 0 f. 0. 06 g. 0. 06 h. 1. 00PTS:1REF:SECTION 8. 1 Chemistry Test The time it takes a student to finish a chemistry test has a uniform distribution between 50 and 70 minutes. 45. {Chemistry Test Narrative} What is the probability density function for this uniform distribution? ANS: f(x) = 1/20, 50 ? x ? 70 PTS:1REF:SECTION 8. 1 46. {Chemistry Test Narrative} Find the pr obability that a student will take more than 60 minutes to finish the test. ANS: 0. 50 PTS:1REF:SECTION 8. 1 47. {Chemistry Test Narrative} Find the probability that a student will take no less than 55 minutes to finish the test. ANS: 0. 75PTS:1REF:SECTION 8. 1 48. {Chemistry Test Narrative} Find the probability that a student will take exactly one hour to finish the test. ANS: 0 PTS:1REF:SECTION 8. 1 49. {Chemistry Test Narrative} What is the median amount of time it takes a student to finish the test? ANS: 60 minutes PTS:1REF:SECTION 8. 1 50. {Chemistry Test Narrative} What is the mean amount of time it takes a student to finish the test? ANS: 60 minutes PTS:1REF:SECTION 8. 1 Elevator Waiting Time In a shopping mall the waiting time for an elevator is found to be uniformly distributed between 1 and 5 minutes. 1. {Elevator Waiting Time Narrative} What is the probability density function for this uniform distribution? ANS: f(x) = 1/4, 1 ? x ? 5 PTS:1REF:SECTION 8. 1 52. {Elevator Wa iting Time Narrative} What is the probability of waiting no more than 3 minutes? ANS: 0. 50 PTS:1REF:SECTION 8. 1 53. {Elevator Waiting Time Narrative} What is the probability that the elevator arrives in the first minute and a half? ANS: 0. 125 PTS:1REF:SECTION 8. 1 54. {Elevator Waiting Time Narrative} What is the median waiting time for this elevator? ANS: 3 minutes PTS:1REF:SECTION 8. 1

Popular Culture Essay Example | Topics and Well Written Essays - 1500 words

Popular Culture - Essay Example In most cases, popular culture is used to refer to the cultures of low class citizens as opposed to the official culture of the high in the society. TV shows and other forms of mass media are often used to depict how people in a certain society are expected to behave (Ashby, 2010). Grey’s Anatomy is about the lives of surgical interns who are residents of a fictional hospital known as Seattle Grace Mercy West Hospital. The series shows the interns as they evolve into experienced doctors under the care of their more experienced mentors. Although the show revolves around the everyday lives of the doctors, it is worth noting that much emphasis is put on their personal lives as opposed to their professional sides. A typical day starts with the interns arguing about who should take care of a certain patient. This ends after the intervention of a hospital superior who is charged with the responsibility of assigning duties to the interns. The main theme of the series is the interacti ons that take place between patients and the doctors as well co-workers (Rhimes, 2005). On the other hand, Family Guy is about the adventures faced by Peter Griffin’s family. Griffin is an American- Irish catholic, a blue-collar worker and has a well-known Rhode Island. In addition, he speaks with a deep Eastern Massachusetts accent. His wife is known as Lois, a homemaker who plays piano. The two have three children, a teenage daughter by the name of Meg. Chris is their teenage and overweight son who resembles his father in several ways. Stewie is the youngest son but he has adult mannerisms. In addition, they have a dog by the name of Brian, who has anthropomorphic characteristics and can engage in human conversations as well as drink martinis (MacFarlane, 1998). Similarities The two TV series are based on relationships between people in a family setting and among friends. Although Family Guy focuses on the lives of the Griffin family, it is of paramount importance to note t hat the relationship between the family and their neighbors is highly explored (MacFarlane, 1998). In Grey’s Anatomy, the resident interns are like a family because they have to stay together until they done with their internship (Rhimes, 2005). Relationships are not easy in the two series because of the differences that exist between the characters. The interns are always arguing about the patient one will attend to and this is evident when Griffin is not happy with the paraplegic police officer, Joe Swanson. This happens despite the fact that Swanson has not done anything wrong to the Griffin’s family, but he is told that he is unwelcome in their restaurant. In addition, family feuds are evident as seen in the way the Griffin’s treat Meg. This is because they believe that she is timid and unable to fit in school. Although Stewie is the youngest, he is considered more intelligent than his elder siblings. Moreover, Brian, the dog is held in high esteem than Meg and Chris despite the fact that the latter resembles his father in several aspects (MacFarlane, 1998). Just as the hospital superiors are the heads of the interns in the hospital, Griffin is the head of his family. The superiors make most of the decisions irrespective of what the interns want. Whenever they find the interns arguing about patients, they do not take time to consult the interns before coming up with a solution (Rhimes, 2005). On the same note, ideas from Meg and Chris are not welcome to the family because

Commonwealth of Independent States Essay Example | Topics and Well Written Essays - 2000 words

Commonwealth of Independent States - Essay Example The initial goals of CIS creation were as follows. First, it was made to initiate a close economic cooperation between members through establishing a so-called 'common economic space'. Second, coordination of policies between allied states with mutual respect for interests was proposed. The third main objective of CIS was to create a unified military-strategic space under a joint command. Thus, the CIS was devised as a regional union, based on the concept of a state, complete with a centralized economy and cross-border ties at the macro and micro levels. Newly acquired independence meant little for post-soviet countries, as their economies were interdependent. In particular, membership in CIS meant the delay of energy crisis for every former Soviet republic. Despite the potential benefits CIS members could gain every of them understood the price they had to pay for using Russia's abundant energy resources. "The Soviet experience constantly reminds the new elites of the CIS that Russia could effectively usurp their independence in any supranational body in which it is the only major power center." (Aslund et al 1999, p.19). Indeed, it was never a secret that Russia uses CIS to influence the policies of regions, which were subjects of domestic policy just a few years ago. To put it simply, every CIS member except Russia faced a dichotomy: on the one hand they had to secure their newly proclaimed sovereignty, on the other - they were unable to survive without external economic help. Although allies behaved differently from each other in this complex situation, they can be divided into three general groups. The first group, which may be called extremely pro-Western, refused from as much cooperation with Russia as possible. Three Baltic regions, Latvia, Estonia, and Lithuania refused to enter CIS and decided to seek help from other neighbours. Politically, Lithuania is headed towards Poland, and Estonia along with Latvia favour toward Finland and Scandinavian region. The main reason for turning back on Russia was the fact that since their forced incorporation into the Soviet Union they've never acknowledged the legality of that claim. Still, even politically independent, Baltic States remain under Russian economic influence, as it remains their main trading partner. The second group, the most numerous one, tries to balance between Western help and alliance with Russia. Since Russia perceives CIS as a tool to hinder if not stall the movement of NATO towards East, these members of CIS try to gain as much use as possible from this confrontation. For instance, in spite of membership in the Council of Europe and some if not frequent calls for economic help from United States (e.g. during electoral campaign of Viktor Yuschenko), Ukraine has clearly stated its attitude to Russia as "the most important strategic partner", according to words of Leonid Kuchma. Other countries that can be referred to this group are Moldova, Georgia, Armenia, Azerbaijan, Turkmenistan, Kyrgyzstan and

Organization Theory and Design Essay Example | Topics and Well Written Essays - 1000 words

Organization Theory and Design - Essay Example Furthermore, the use of shared information allows managers to do a significant job of opening up the communication channels in order to allow the flow of collective ideas. The sharing of information can supposedly be connected to the other elements within an organization such as task, structure, culture, and even strategy. In terms of structure, critical information concerning an organization has continuously been held by the top executives since Adam Smith’s time. Nevertheless, most organizations were also structured in a vertical manner in order to enhance the development of skills, as well as efficient productions. Such a form of authority provided a very sensible design for supervision and made it quite easier to enhance the level of control in large organizations (Cachon & Fisher, 2013). Strategies were meant to be formulated by the top management team before being imposed on the employees. To sum up, critical decisions related to how learning organizations respond to their competitors as well as efficient use of resources was enforced by executives. With shared information, every worker in a learning organization becomes a great contribut or to the success of the organization. A stakeholder is defined as any individual interested in the operation of an organization, as well as its financial aspects and prospects. Their interests can vary from one organization to the other. However, the biggest difference can be observed between for-profit and nonprofit organizations. For instance, stakeholders interested in a nonprofit organization would expect the managers to concentrate their efforts more on developing a lasting impact in the society, rather than making extraneous profit at the expense of the consumer (Moore, 2000). Thus, the expectations of the stakeholder would be to improve the quality of services offered to the nonpaying clients, instead of spending much capital in improving

In a Better World by Susanne Bier Movie Review Example | Topics and Well Written Essays - 2000 words

In a Better World by Susanne Bier - Movie Review Example His separation from his wife Marianne has made an impact on the lives of his two sons, specifically, their separation has influenced on the life of his 12 years old son, Elias, who becomes the victim of school bullying. On the other hand, we have a life of Christian who has just shifted back to Denmark from London with his rich-businessman father, Claus. Both of the men are suffering from the death of Christian’s mother, who just died due to cancer. Christian accuses his father of hiding the real state of his mother’s condition till the last moments. With so much anger that is buried deep inside him, he confronts Elias’ oppressors. On one hand, the boys were trying to overcome the schoolyard bullying and, on the other hand, Anton is dealing with a challenging situation in the Sudanese refugee camp. His problem revolves around a person who terrifies his people by cutting open the stomach of the women he sexually assaulted and impregnated in order to verify the gen der of his child. Anton is not sure whether he should or he should not save the life of such a person. Theme and Story of the Movie: The theme of the movie revolves around justice, equality and freedom. ... The whole idea revolves around how Anton fulfills his commitment to his profession and how Christian establishes freedom for the young guy. The story also revolves around the complexities that have surrounded the relationships in society. For instance, Christian relationship with his father, Anton’s with his wife and the emerging friendship between the young Christian and Elias. It projects how relationships can influence a person’s life and how strong or weaker a person can become with or without a sincere relationship in his life. These are a few of the things that people and society, in general, lack today.

The cold war in Europe Essay Example | Topics and Well Written Essays - 500 words

The cold war in Europe - Essay Example At this time, Russia attempts to pursue its own plans of attacking Finland at the far north. The cold proves to be a big problem to him because his troops are under-prepared for the arctic winter that awaits them. In addition to this, Russia’s leadership in this campain is poor, and even though they manage to win, they suffered losses, and their pride was humbled. In 1941, Germany launched one of the biggest military invasions ever undertaken, he calls it, Barbarossa. Hitler’s plan is to take and also hold a line located eastward of Moscow. The Russians are caught unaware by this strategic move on the part of the third Reich’s cunning leader. Germany gained a lot through this campaign, and it even managed to gather prisoners of war, but later died. This move on the part of Germany angered the Russians, and they were resolved to destroy the third Reich. Some people have wondered, ‘at what year did the Germans reach the point of no return at the eastern front ’? When we take a look back at history, we can observe the actions that took place at the eastern front 1942, between Germany and Russia. â€Å"Germany renewed its attacks on Russia, this time concentrating its attacks on Southern Russia, capturing the Crimea and Sevastopol after a siege. This was one of the few times their huge barrage gun, Big Bertha, was ever called into use.

Computer Physical Security Essay Example | Topics and Well Written Essays - 1000 words

Computer Physical Security - Essay Example Biometric characteristics are exclusively individual; therefore making such characteristics a basis of user identification provides high reliability of protection. So we may define a biometric system as 'a pattern recognition system which recognizes a user by determining the authenticity of a specific physiological or behavioral characteristic possessed by the user'2. The tests made by the International Computer Security Association (ICSA) have allowed to issue certificates to rather limited number of systems of biometric identification. It is necessary to notice that six products certificated by the ICSA have been selected as a result of the careful analysis from a plenty of models. In the manual 'Biometric Industry Product Guide' issued by the ICSA, there is a description of 170 systems, allowing to make identification of users on basis of their unique physical parameters. Many independent users, including representatives of the ICSA, appreciate certified systems at their true value. The majority of biometric systems operate in the following way: the digital mark of a fingerprint, an iris or a voice is stored in the system database. A person, who is going to get access to a computer network, enters his/her own personal biometric information into the system by means of a microphone, a scanner of finger-prints or other devices. The received data are compared with the sample, which is kept in the database. Let us consider the mostly used biometric systems of computes access control.FINGERPRINT RECOGNITION Recently the dactyloscopy has attracted the attention as a biometric parameter, which quite possibly will become the most popular in the future. Already now the application of this technology has received wide circulation in Automated Fingerprint Identification System (AFIS) used by police throughout all territory of the USA and more than in other 30 countries of the world. In the USA devices of access control based on fingerprint identification are established in military institution, including the Pentagon. Among the advantages of fingerprint scanners are simplicity, usability and reliability. Though the percent of erroneous negative identification is about 3 %, a mistake of positive access is less than one to one million. All process of identification lasts no more than several seconds and does not demand any efforts from those, who use the given system of access. Nowadays such systems are made in the size of less than a pack of cards. The certain disadvantage constraining the de velopment of the given method is the bias of a part of people, which do not wish to make the information on their fingerprints available. Thus the counterargument of developers of such equipment is the assurance that the information about papillate pattern of a finger is not stored. What is stored is only short identification code constructed on the basis of prominent features of your finger-print.HAND GEOMETRY RECOGNITION The method of identification of users by hand geometry by it's the technological structure and the level of reliability is quite comparable to the method of ident

Report writing Assignment Example | Topics and Well Written Essays - 1000 words

Report writing - Assignment Example This is the time when the kids get the basics of communications by learning meanings of words, understand grammar and eventually construct sentences and speak fluently. At the same time being able to learn how to communicate using voice, tone, gesture, facial expressions, and body language. (Evesham & Media). As said by Dowling, it is important for parents and teachers to know that communication among children begin from birth. Although they cannot speak at this age, they are able to communicate by crying. They hear and recognize different voices and even languages. Caregivers, teachers and parents play a very vital role in the child’s communication development at this stage. The child should be taught language and speeches since their brain development is faster than any other time of life (Dowling 2010, p.87). This is corroborated by Lindon when he says that the first three years of a child is when the brain cells are developed and therefore it is very critical in the development of the child’s communications skills and that is the reason great attention and care should be taken in what the child hears and sees at this time (Dowling 2010, p.87; Lindon 2012, p.46). It is evident that there has not been much attention on this leading to poor communication among children. There is a worrying trend among the young children since most of them lack personal, emotional and social development at an early age will lead to poor communication. Fox & Lentini says that behavioral problems in children’s development is influenced by the lifestyle of parents. Early exposure to domestic violence and other family problems do have impact on the child’s development. Janice, Masi & Vick adds that parental attachment is an important aspect of emotional and social development of children. The social and emotional health of a child is highly dependent on the attachment to their parents. Poor parental attachment has a negative impact. The mental health of caregivers and

E-Portfolio Essay Example | Topics and Well Written Essays - 1250 words

E-Portfolio - Essay Example SLO Assessment 1 The picture above shows the Shaolin Temple in Henan Province, China. The temple is famous throughout the world and is one of the greatest Buddhist temples in the world. This temple is a famous cultural site since it encourages martial arts particularly the Kung Fu. The construction of the temple occurred during the 15th Century therefore the monastery is a center of Shaolin traditions and history. According to Shahar (184), various Chinese emperors throughout history supported the temple hence illustrating the importance of the temple to Chinese traditions. The monastery has experienced destructions and rebuilt severally throughout the years. Dynasties fights throughout Chinese history, is responsible for most of the temple’s destructions. These destructions occurred under various emperors’ reign such as the Shunzhi and Kangzi emperors (Shahar, 184). These destructions helped spread Shaolin fighting styles throughout China. This is because the monks org anized retaliatory attacks by training the locals to fight against the attackers. These destructions are common in Chinese myths and legendary stories to date. This artifact demonstrates my understanding and skills in analyzing historical trends of Chinese Shaolin culture and the Buddhist religion. The artifact shows my proficiency of Buddhism and martial arts culture in China. The above artifact is the origin of Shaolin fighting culture in China. It therefore explains the spread and popularity of the martial arts culture in China. By being conversant with the above artifact, am able to show my proficiency of origin of a common culture in China. SLO 2 Assessment The above artifact shows the migration of the Aztecs into America in the 18th century. The artifact explains the migration of the Aztecs from Mexico. It shows that the Aztecs did not migrate north of America but Southern America beginning from Utah. The artifact explains the history of some of the migrating communities into the US in the 18th century. It provides evidence to prove the Aztecs migration through North America. Boone (163) argues that presence of Uto-Azteca language throughout in South Western states during this period is a sign of the Aztec migration. In addition, the corn plantations in South Western states is due to the Aztecs migration and presence. The artifact explains the presence of Aztec/Mexican culture in Western states as well as the connection between the North Western and South Western states (Boone, 164). It explains the use of Mexican place names in some of these states. This artifact shows my expertise in multicultural literacy. This is because the artifact explains the origin of the Hispanic community in South-West states. From the artifact, I can understand the historical culture of the Hispanic community in the US. Am able to understand the high presence of the Hispanic population in states like California, New Mexico, Colorado, Arizona, Nevada and Texas. The artifact al so helped me to understand the use of Mexican names in places, parks and streets in most western states contrary to the popular archeological belief that the names began during the romanticism period in the 19th Century. SLO 3 Assessment The above artifact shows people of various religious groups such as Christianity, Hindu, Buddhism and Islam. The artifact presents the concept of religious diversity in the current human life. The

International Expansion Assignment Example | Topics and Well Written Essays - 250 words

International Expansion - Assignment Example There are different methods of globalization and they include internationals trade, economic globalization and social cultural globalization. International trade involves exchange of services, capital and goods across territories or borders. People are involved in importation and exportation products from one country to another or across continents. Social culture globalization is the exchange of cultural and social practices from different countries like the spread or western culture (Ritzer, 2010). When establishing a business internationally, application of SWOT analysis will held the business owner in understanding many aspect. The strengths will help the business owner to understand the factors or things which will help him in establishing the business. The weakness will help the business owner in identifying the points or the things which needs improvement. After identifying the weakness the business owner will have the chance to improve and eliminate each weakness. The opportunities will help the business owner to notice the things which will enable him to prosper. Proper use of opportunities will enable the business to work effectively. The threats will enable the business owner to identify things which needs to be worked on for effectiveness (Ritzer,

Movie Review Example | Topics and Well Written Essays - 500 words - 1

Movie Review Example The Associate has pleasantly developed characters such as Dianne Wiest, Tim Daly, Elly Wallach and Goldberg who is a brilliant financial analyst at a big Wall Street but suddenly finds out that having a man opens doors. The fact that brilliant mind such as Laurel’s cannot be recognized because she is a woman is unfortunate. It is further painful when Laurel forces herself to create a fictitious man called Cutty as her invisible partner and he is always out of town or on vacation thus making Laurel to cover for him. The man invented by Laurel turns up to be conspicuously successful in his operations thus making the public to demand to meet him (Petrie Film). It is interesting to watch Laurel enlisting skills of a celebrity impersonator so that she can appear at public events as a white man. The man whom Laurel impersonates does not seem likable and this gives the film its comical taste (Petrie Film). The male conquered society and ladder in the business world receives a blow when Laurel trains a man called Tim Daly who unfortunately gets promotion that Laurel deserves. However, Laurel who is disgusted by Tim Daly’s characters such as closing deals with clients at night decides to start her own firm. It is really amazing to see Laurel succeeding in her business in the name of nonexistent â€Å"Cutty† thus lying to even powerful investors. She is a very outgoing person and an extrovert who will not stop at pursuing what she wants. She is also sly and determined person who is largely daring. She does everything possible in her capacity to ascend to power. Goldberg is very brilliant and studious person who carefully uses her intelligence to perform her tasks in order to succeed. Goldberg does not regard gender issues and she is so bold that she does not care succeeding in a male dominated business world. He is self centered and male chauvinist who takes advantage of other people especially the

International Financial Management Essay Example | Topics and Well Written Essays - 3000 words

International Financial Management - Essay Example The paper tells that Ð µhe world is now a global village – a phenomenon which can be interpreted as a fact that the advancement in communication and technology has integrated the various economies on the globe. A brief analysis of the current economic scenario of any country would reveal that it is, in one way or the other, dependent on the social and economical activities of the other countries. A downward plunge in the New York stock exchange is likely to send shockwaves all across the globe which can be felt in financial market as further as Far East countries. Recently, when the cherished credit rating of United State of America was downgraded to AA+ from AAA, it caused turmoil at a global stage especially in the European countries. All the giant economies such as China and India were badly affected. The economies are have become interlinked in this era due to the fact that now the firms are indulging in international trade and have started exploring markets outside their place of origin. Companies such as HSBC holdings, General Electric, ExxonMobil, British Petroleum and Toyota Motor have two things in common. First, they are the leading and biggest multinationals in the world and second, they all practice prudent international financial management. From a theoretical point of view, the firms engage in international trade in order to obtain comparative advantage which allows the firms to penetrate the foreign markets. Other popular explanations for the firms indulging in the international trade are the product cycle theory and imperfect market theory. There are several ways through which a firm can participate in international business. The most common methods are International Trade Licensing Franchising Joint Ventures Acquisition of companies Foreign subsidiary International Financial Markets In today’s economy, international business is carried out at international financial market. These markets can be categorized as foreign exchange mar ket, international money market, international credit market, international bond market and international stock market. Foreign Exchange market allows for the trading of different currencies at a rate which is determined based on several facts such as inflation and relative interest rates. Foreign exchange market is not a specific building or place; rather the companies indulge in foreign currency transaction through commercial banks and telecommunication networks. Foreign exchange dealers serve intermediaries between the companies who intend to enter into a foreign exchange transaction. In International Money Market, the trading of currency futures and options takes place. Globalization have abridged the distances and abridged the financial bridges between the countries. Multinationals can now obtain medium and long term loan from banks and financial institution located in other countries. Especially in Europe these loans are termed as euro credit loans and are transacted in the Eu ro Credit market. The international credit markets are now developing rapidly in Asia and South America. Recent global economic events have revealed

Nursing Research Paper PICO formated question Example | Topics and Well Written Essays - 1500 words

Nursing PICO formated question - Research Paper Example A terminal prognosis is generally not disclosed in Asian countries where passivity and acquiescence to authority are important traditions. Conversely, the same prognosis would usually be approached openly in the US and the UK and many European countries where autonomy and free will are widely valued. This paper aims to explore, analyze and find a way to better communicate terminal diagnosis and related prognosis to affected patients and their families. Attitudes related to disclosure of terminal prognoses have shifted dramatically in the Western healthcare tradition, including the UK, over the past four decades (Chochinov et al, 2000). Research conducted in the 1950s and early 1960s revealed that only 10%-31% of physicians routinely disclosed a diagnosis of cancer to their patients (Fitch, 1994; Thomasma, 1994). This practice was due in large part to the widespread belief that such a diagnosis would create severe emotional disturbances that could potentially lead to suicidal acts (Thomasma, 1994). However by the late 1970s, nondisclosure practices had reversed (Fitch, 1994; Thomasma, 1994). This is evidenced by the 1979 survey results of Novack et al. which indicated that 98% of physician respondents disclosed the presence of terminal illness to their patients (qtd in Field and Copp, 1999). Comprehensive aspects of end of life medical care have been brought to public attention through the development of both health psychology and behavioral medicine. Each field has made a unique contribution to the understanding that physical health is impacted by numerous biological, psychological, and sociological elements. The upsurge of interest in these biopsychosocial interactions led to an increase of studies in many areas, including that of coping with, and adjusting to, life-threatening illness (Fitch, 1994). Findings generally indicate that given appropriate psychological and social support, disclosure of terminal prognoses does not lead to permanent loss of hope or untimely medical decline (Fitch, 1994), the reasons most often cited for the maintenance of nondisclosure practices. Moreover, attitudes toward truth-telling in terminal illness have also been significantly affected by the biopsychosocial approach to end of life care found in hospice organizations. The hospice move ment arose out of a need for palliative care for those whose needs were unmet by a medical system whose primary focus was prolonging life at all costs (Chiu et al, 2000). Hospice care has been a welcome alternative to traditional end-of-life practices (Chiu et al, 2000). In their analysis of shift from diagnosis non-disclosure to disclosure, Fields and Copp (1990) indicate the following reasons: (1) improvements in therapeutic success; (2) changing societal attitudes; and (3) in the USA, legislation enforcing the patient's right to "informed consent" (p.461). From the critical perspective, no one wants to be the bearer of bad news and there is a great deal of tension surrounding the complex issues of whom to tell, what to tell, when to tell, and how to tell about the existence of a terminal prognosis (Fitch, 1994). Physicians frequently believe that it is their duty to have ready answers for every possible question,

Final Exam Worl War II Assignment Example | Topics and Well Written Essays - 750 words

Final Exam Worl War II - Assignment Example Legally the British had no right to interfere with Germany’s annexation of part of Czechoslovakia. Germany and Czechoslovakia’s fight was between them. Great Britain could advise the two countries, but had no stake in the fight. Chamberlain did not have a choice but to act in the manner he did. History has made him look like a coward. This is not true. Chamberlain dealt with Germany in a logical manner. Two factors made Chamberlain negotiate with Germany instead of declaring war. The first factor was Chamberlain wanted to maintain peace on the European continent. The second factor was the lack of a treaty between Great Britain and Czechoslovakia. Great Britain and France dealt with Germany diplomatically due to these two factors. History might have been different if Germany tried to annex Poland first. Great Britain and France had a nonaggression treaty with Poland. Thus Poland and Germany’s fight was a British and French fight. History might have also been diffe rent if Czechoslovakia had made a treaty with Great Britain and France before Germany’s aggression. Basically Chamberlain acted in a responsible manner. He had no way of knowing the chaos that would ensue from encouraging Hitler. Chamberlain was a prime minister; he could not read minds or the future. If a simple lesson is to be learned from the situation between Chamberlain and Hitler, it would be do not let fear of the past shadow the future. Chamberlain was frightened by the Great War, like most of his generation. The carnage of World War I would frighten any sane person. This fear might have been more of a deciding factor than the legal aspect for Britain and France’s policies toward Germany during this time. Fear might have blinded Chamberlain into believing Hitler’s lies more easily. Fear should not have been a factor, but in Chamberlain’s defense, he was acting out of fear for his country. 2. There were

Benefits of the European Union Essay Example for Free

Benefits of the European Union Essay The European Union is an organization of democratic European countries based on the idea of committing to working together for peace and prosperity. In the recent years the Union is considered to be one of the most strongest and most influential organisation in the world. Therefore all questions related to this are become questions with significant matter. In this essay I shall be firstly define my academic subject with presenting a short rà ©sumà © of the history of the European Union followed by an explanation of its main benefits and why they are so important. In order to support my arguments I shall use reliable sources and materials, whose authors are regarded as trustworthy on the European Union issues. In my conclusion I’ll summarise the main advantages of the European union and I’ll explain why every one of us should be interested in this subject. Identifing   myself as a part of the Union and conduct from the heart of the european idea,I shall strongly backing my position that the European Union is the only future for Europe. The European Union is a unique legal system which, following the most recent expansion of 1st January 2007, comprises almost 489 million people within 27 States with diverse legal traditions. Any further enlargements would bring the EU’s population to over half a billion people, (more than the USA and Japan combined). The main idea of creating an integrated Union was conceived before 50 years as a way to prevent destruction and to maintain peace within Europe.   The general aim of the European Union is an economic and political progress and to realize a common foreign and security policy, to stabilize the protection of the rights and interests of the member states, and to develop close cooperation on justice and home affairs (Politics in the EU, p.90). All European Union decisions and procedures are based on the Treaties, which are agreed by all the EU countries. This is one of the main democratic characteristics on the Union. The core of the Union, which is the single market, consists the main benefits and advantages that European Union can offer to its citizen. From 1 January 1993 the European Community formally became a Single Market without internal frontiers. What does this actually means? This means that people, goods, services and capital will be able to move around as freely as within one country. (EU Law 2006, p.369).   Its creation was one of the main objectives of the original Rome of Treaty (1957). These four freedoms of movement are underpinned by a range of supporting policies and they are the engine of the single market. Consequently many standards have been harmonized for hundreds of products, producing a level playing field for manufacturers across the EU, regardless of where they are based.  Moreover the process of harmonization of goods produced in one country of the Single Market by all the others means that if this product is high quality to be sold in one member state, it cannot be excluded from sale in another.   The overall effect has been to turn the EU into a huge â€Å"domestic† market for all citizens.