Head Trauma Research Paper Example | Topics and Well Written Essays - 1750 words

Head Trauma - Research Paper Example . What then becomes the main question is to what extent the current NFL will attempt to ameliorate the risks that recent studies have indicated. As such, this brief research paper will consider the following three research areas as a means of drawing inference upon the main research question: 1) to what extent has mental health evaluations of current and former NFL players revealed with regards to the health consequences of frequent and prolonged head injuries, 2) to what extent has this level of long-term head injury been discussed and researched within the medical community, 3) what preventative measures, both in the way that the game is played, coached, and recruited can help to ameliorate this risk and are any of these approaches likely to take hold within the current environment that defines today’s NFL. It can be seen that for the most part the level of analysis that has been performed, regarding the long-term effects of head trauma, has made it fairly evident that there is a clear and identifiable link between head trauma and mental health issues and/or neurological disorders. ... It does not take a large body of research to realize that the game of football is filled with heavy impacts and oftentimes characterized by head trauma (Jarret 1). Still, the shareholders within the decision making branches of the process sought little action with regards to seeking to identify and possibly ameliorate the broad range of known mental health issues that were beginning to show themselves within current and past players. Instead, the issue was subsequently swept under the rub as it was determined that the bad press and negative image that this could present to the game as well as the marked reduction in overall profits were too costly. Yet, as it became increasingly clear from an array of highly publicized issues, the sports and medical communities could no longer ignore the role that head trauma played within the National Football League. As a function of this level of exposure, the medical community began to focus more and more specifically on the level to which mental health issues were a direct result of the injuries and trauma sustained on the field of play. As the level and body of overall knowledge continued to grow and advance, medical practitioners and sports science specialists alike came to be aware of the true nature in which mental health was irrevocably linked to the ways in which players were repeatedly injured on the field and projected these injuries long after their short careers had drawn to a close (Tamney 5). This information leads the analysis to a fundamental juncture of understanding. It appears, from the research that has thus far been conducted, that key shareholders within the institution of professional

Manufacturing in China and its environmental impacts Essay

Manufacturing in China and its environmental impacts - Essay Example The automotive industry played, and continues to play, a key role in this concept. The Volkswagen Group has set up two joint ventures for the manufacture of automobiles in China. While the Shanghai Volkswagen success story began in 1984, the contracts for FAW-Volkswagen were signed in the northern Chinese city of Changchun in 1990. In January 2003, another joint venture, this time producing gearboxes, began operations in Shanghai. This was followed in 2004 by a joint company for manufacturing powertrain components. Two further joint ventures for modern engines started production in 2006 and 2007. Data suggest that there is a constant steady growth during the time of study, except between the years 2001 and 2002. Primarily, the reason for this is that China has become a member of the World Trade Organization in 2001. As the sales performance shows, the Volkswagen Group has gained full advantage of this opportunity. The data clearly suggest continuous growth of product sale from 1999 to 2006; however, the market share has been reduced from a peak of 50% to 17.1% in 2006. The tendency of decrease in market share is expected, mainly due to the current and anticipated burgeoning growth of automobile ownership in China. Toyota has grown to become a large multinational corporation from where it started. It has expanded to different worldwide markets and countries by becoming the largest seller of cars in the beginning of 2007 and the most profitable automaker in 2006 with increasing sales in the world. Toyota has long been recognized as an industry leader in manufacturing and production. In retrospect, Toyota Motor Company Limited (currently Toyota Motor Corporation) was established in 1937 and started to export automotive to China since 1964. It founded Toyota Automotive Services Centre in Beijing and the Technical Support Centre in Tianjin in 1980 and 1990, respectively.

Nanotechnology Uses to Enhance Computer Performance Essay Example for Free

Nanotechnology Uses to Enhance Computer Performance Essay Although the core concepts of nanotechnology were introduced in the early 1950’s, nanotechnology was not properly introduced to the world until 1974. That was the year a Japanese scientist, named Tanigushi, coined the word â€Å"nanotechnology†. Nanotechnology refers to the constructing and engineering of systems at the atomic level. â€Å"Nanotechnology will be the major technology in development of every machine in coming years. † (Wifinotes, n. d. ) Nanotechnology will greatly improve the functionality and performance of computers. Body  In everyday terms, â€Å"Nanotechnology is based on manipulations of individual atoms and molecules to build complex atomic structures. † (Tarasov, 2009, pg. 1) Working at the atomic level is a very new technology. The size of a nanometer is one-billionth of a meter. For comparison purposes, â€Å"A very fine human hair is about 10,000 nanometers wide, which is the smallest dimension we can see with the naked eye. † (Cook, 2005) Before research could begin, researchers had to first invent a machine that could work with such small particles. Their goal was to manipulate atoms and molecules into a particular configuration – a configuration capable of performing functions similar to a microprocessor. The technology prior to nanotechnology started out rather primitive. It was a major advance in technology when vacuum tubes were invented. They came into existence about the same time Thomas Edison invented the light bulb. Vacuum tubes were first used in computers in 1946 until 1958. By then, vacuum tubes could not be made any smaller, so technology gave us transistors. Transistors were used in computers from 1959 to 1964. One transistor took the place of 40 vacuum tubes. When the limits of the transistor were reached, computer builders used integrated circuits from 1965 to 1970. In 1971, the microprocessor came into computer use. Faster and smaller than anything so far, the microprocessor led to the invention of personal computers. Now that the advancement of microprocessors has nearly reached its limits, it is now time for the next generation of processor, which some researchers say will be engineered on the nanometer scale. But, how will they manipulate particles on such a minute scale? Before manipulating atoms into the desired position, researchers had to see them first. Researchers had to invent a microscope that would allow them to see atoms. In 1981, IBM researchers invented the Scanning Probe Microscope (SPM). (University of Wisconsin, 2008) This microscope allowed researchers to â€Å"see† atoms. As it turns out, in 1989, researchers found they could actually manipulate atoms into the desired position with the SPM. †¦researchers have been able to manipulate and stabilize atomic-size structures in such a way that they can persistently maintain the qualities needed to be classified as viable, though still strictly experimental, computational devices. † (Goth, 2012) Atoms are constantly moving, so catching one to move around was very difficult. The atoms needed to be cooled down to near absolute zero, to -450 degrees Fahrenheit, the temperature where most atoms hardly move. The Scanning Probe Microscope (Nanooze, 2005) After cooling the atoms, researchers were able to use the SPM to move individual atoms to a specific location. One at a time, they moved the atoms into position to spell â€Å"IBM†. It took them nearly an entire day to do it. See image below: Atoms arranged to spell IBM (Nanooze, 2005) Since the first manipulation of atoms had been demonstrated, researchers have continued to move atoms into complicated configurations, as shown in the figure below. Depiction of a nanotechnology produced gear set (Wifinotes, n. d. ) After all the groundwork had been laid, computer researchers turned their attention to using nanotechnology in the computer world. Their first target was the microchip. Current microchip technology limits have nearly been reached and the researchers went to work shrinking the size of the processors . â€Å" etching [lithography] techniques can only take features so far – anything below 22nm is just not feasible. † (European Nanotechnology Gateway, n. d. ) Right now, the newest chipsets using lithographic etching are being produced with 65nm features. Intel has realized a 10-15% improvement in drive current, which means greater performance, through the use of nanotechnology. Meanwhile, at IBM, to aid the shrinking of the processors, â€Å"researchers have developed transistors from carbon nanotubes. †( European Nanotechnology Gateway, n. d. ) Carbon nanotubes show great improvements compared to conventional silicon transistors. â€Å"The carbon nanotubes are long, thin strands of carbon molecules. In the lab, they delivered more than double the amount of electrical current compared to the top-performing transistors currently on the market. †( European Nanotechnology Gateway, n. . ) â€Å"A single strand of carbon atoms (red)†¦contained in a multi-walled carbon nanotube. † (American Institute of Physics, 2003) Lithographic etching is being replaced with a new process called â€Å"block co-polymer lithography†, or BCP. Scientists have found a process to create nano-scale patterns that is expected to be used in the manufacture of microprocessors. Using the new process, silicon wafer features have been developed between five and 20 nanometers thick – much smaller than the current 65 nanometers. In the figure below, you can see an image of a nano-scale microprocessor created by the BCP process: (Nanotechnology, 2011) According to Nanotechnology – Future Technology: †¦with the use [of] nanotechnology, it could be possible to transform desktop computers into computers that are the size of a watch but with more operating capacity and they will also last longer than current computers†¦Computers with the capabilities of current workstations will be the size of a grain of sand and will be able to operate for decades with the equivalent of a single wristwatch battery. This technology advancement will make computers more abundant, cheaper to manufacture, faster, and smaller. (Nanotechnology – Future Technology, 2012) When a processors feature size is reduced, it uses less electricity and produces less heat, thereby becoming more efficient and economical to operate. Being more efficient and economical also means faster, more reliable overall performance of the computer. Conclusion Nanotechnology will provide the world with advancements in electronics along with many other fields, such as biology, chemistry and medicine. In the future, nanotechnology will play a major role in the discovery of new components, such as nano-sized microprocessors, and will enhance many other existing technologies. â€Å"Nanotechnology will be the major technology in [the]development of every machine in coming years. † (Wifinotes, n. d. ) Nanotechnology will greatly improve the functionality and performance of computers.

Advantages And Limitations Of Each Source Of Finance Finance Essay

Advantages And Limitations Of Each Source Of Finance Finance Essay This assignment covers all detail about sources of finance. The aim of the research is to identify different sources of finance like short-term finance, medium-term finance and long-term finance. The first part of the assignment gives you an introduction about sources of finance. The second part covers short-term sources of finance and their advantages and limitations. The third part covers medium-term sources of finance and their advantages and disadvantages. And the last part covers long-term sources of finance and its merits and demerits. Sources of Finance Introduction As you know food is necessary for human life. Similarly finance is the heart of any business. It is most important for modern business, which requires huge capital. Finance could be needed for new businesses, when they recover a cash flow problem, new machinery, set up a new plant or takeover another business. Generally funds required for businesses are classified into short term, medium term and long term. In this section we look at the different source of finance and see the advantages and limitations of each. Business Leasing Public Deposit Mortgage Shares -Equity Share -Preference Share Debentures Retained Earning Commercial Bank Loan Borrowing Trade Credit Overdraft Bill Discounting Customers Advances Instalment Credits Loan from Co-operative banks Short Term Source Long Term Source Medium Term Source Sources of Finance Short Term Sources of Finance Definition When we want to establish a new business, it is essential to know the amount of finance required. Some sources are overdraft, customer advances, loan from co-operatives, cash and trade credit etc. that make money for short time. It is called short-term source of finance. Generally Short-term is only for 1 year. In this section we learn about above source of finance and their relative advantages and limitations. Short-term sources of finance: Trade Credit Overdraft Discounting of bills Customers advances Instalment Credit Loan from co-operative bank Trade Credit : Providing business customers with time to arrange for the payment of goods they have already received. This period is one of the interest free credit. It is a costly source of finance. Trade credit is used when the buyer is not able to pay the real cost of goods. 1Trade credit refers to credit granted to manufactures and traders by the suppliers of the raw materials, finished goods, components etc. Usually business enterprises by supplies on a 30 to 90 days credit. Advantages of Trade Credit: If new business start up has trade credit, they will not need more money in capital. It is a good idea to someone who want to start a new business with less money. You can buy goods and make payment later when you sold all the goods and get some money or make a good profit. The time period may be after 25-30 days. Business can look in good position without having any serious trouble in immediate payment, which may set them back. Trade Credit improve the cash flow and provide easy platform for business. With the trade credit, business can focus on other area like sales, marketing and other research. Trade credit is available only with purchase of raw material or finished goods. The term and conditions of trade credit very according to the custom and usage of trade. Disadvantages of Trade Credit: If repayments are not made by in time, the business will receive a very bad credit history. They will not trusted in the future, if your business require any loan or trade credit. If company has a good credit history, it will get trade credit but these can be hard to build up for new business. Overdraft : It is a common source of short term finance because of its flexibility. When borrowed fund are not require longer time they can pay easily and quick. The risks to the lender are less then a long term loan because it is very cheap. 2When a bank allows its depositors or account holders to withdraw money in excess of the balance in his account upto a specified limit, it is known as overdraft facility. This limit is granted purely on the basis of credit-worthiness of the borrower. Advantages of Overdraft: Flexible 3 An overdraft is there when you need it and cost is zero (in case of small fee) when you do not need. It allows you to make essential payments whilst chasing up your own payments, and helps to maintain cash flow. Quick It is very easy and quick to arrange, providing a good cash flow backup with the minimum of fuss. It allow to make essential payment whilst chasing up your own payment and help to maintain cash flow. You only need to borrow what you need at that time. Disadvantages of Overdraft: Cost Sometimes it carry very higher interest rates and fees then loan. This makes them very expensive. Recall The bank can take back the entire overdraft amount at any time if you have broken terms and conditions or it may happen if you fail to make other payment. Security Overdraft may need to be secured against your business assets, which put them at risk if you fail in repayment. Bill Discounting : Some bank provide short-term loan by discounting bill of exchange. In such cases bank deduct discount while making payment. The amount of discount is generally equal to the amount of interest for the remaining period of payment. The advantages and disadvantages from this source are following. 4When these document is presented before the bank for discounting, banks credit the amount to customers account after deducting discount. The amount of discount is equal to the amount of interest for the period of bill. Advantages of Bill Discounting: Availability of cash The drawer gets cash immediately by the discounting bill. He does not have to wait for the payment until the expiry of credit period mansion on the bill. Security Bank normally do not ask for any other security while making payment against the bill discounted. However if customer is interested, banks also grant him limit for discounting of bill. This limit is identify as a limit against discounting bill. Nature of liability for repayment Repayment of money advanced against discounted bill is the responsibility of the drawee of bill of exchange. In case drawee does not pay or refuse the pay, the drawer who got payment after discounting the bill is held responsible for payment. Disadvantages of Bill Discounting: Advance payment of interest While discounting a bill, bank deduct the discount and balance is credited in customers account. This discount is similar to the amount of interest for the remaining period of payment. Thus a person receiving money through discounting of bill has to offer advance interest on the amount of bill. Facility is subject to the parties credit Normally banks extend this facility after being satisfied with the credit of parties involved. Bank may be ask for some security. So, it is not a easy available facility. Problem when non-payment Bills not paid upon maturity are to be certified by Notary Public and a certain amount in the form of nothing is paid. Thus it became an additional burden. Customers Advances : The advance make by the customer against the value of order placed. Thus the remaining amount of goods to be supplied later. Let see more details about the advantages and limitations. Advantages of Customers Advances: Interest Free Amount offered as advance is interest free. Hence the funds are available without any involving problem. No Security The seller is not required to deposit any major security while demanding advance from the customer. Thus assets remain free of charge. Repayment Ones money received in advance will not be refunded. Hence there are no procedures for repayment. Disadvantages of Customers Advances: Limited amount Amount received from a customer is subject to the value of order. Borrowers demand may be more then the advance amount. Limited Period The period of advance amount is only up to the delivery goods. It cannot be renewed. Penalty Normally advances are subject to the condition that if goods are not delivered on time then order would be cancelled and advance amount would be refunded with interest. Instalment Credit : Instalment credit is a system under which a small payment is made at the time of taking the goods and remaining amount is paid in instalment. Generally instalment amount is including of interest. The advantages and limitations of this system are as under: Advantages of Instalment Credit: Ownership of asset Delivery of good is assured immediately on payment of down payment. Convenient payment of assets Costly assets which can not purchase directly with full payment can be purchase by instalment payment. Saving of one time investment If the price of asset is high and lumpsum amount is made then the business fund are blocked. In this case instalment credit leads to saving of one time investment. More facility for business If the facility of payment in instalment is available then business firm can afford to by new furniture, machinery or other necessary things. Thus, your business reputation looked in good condition by instalment credit. Disadvantages of Instalment Credit: Commitment for payment Payment in instalment is a commitment. So you have to pay your instalment in whatever condition of your business. Necessary to pay interest Payment of interest is necessary in this system. Generally sellers charge very high rate of interest. More interest If buyer fail to pay the instalment, seller sometimes impose penalty or additional interest. Loan from Co-operative bank : Co-operatives banks are good source of short-term finance. Membership is the primary condition for securing loan in this bank. This bank grant loans for personal and business purposes too. The advantages and limitations of this bank are as under: Advantages of Loan from Co-operative bank: These loans create a sense of thrift among the low-income group. Being a member of co-operative bank, the borrower can participate in the management. Loan generally granted at a lower rate of interest. Loan from this banks are easily available. Loans are given for good purposes that help to develop the financial and social status of the people. Sometimes these banks organise training program for member to familiars them with the various avenues of the business and regarding proper utilisation of loan money. Disadvantages of Loan from Co-operative bank: These loans are available only to members. Loan from this bank is available only for limited purposes. Co-operative banks depend on the supports of the government. So, government rules and regulations sometimes may be makes in trouble to the borrowers. These bank find it difficult to ensure repayment of loan money due to inadequate information about the need and utilisation of fund by the borrower. There is little scrutiny of the repaying capacity of the loan seeker at the time of granting loan. Medium Term Source of Finance Definition Medium term source of finance means fund does not require more then 3 years. Normally medium term funds are require by business for repairing and maintenance of machinery or other equipment. So firm get this finance from bank or other kind of source. Medium term source of finance: Leasing Public Deposit Mortgage Leasing : Leasing is the method of capital funding requirement. Leasing based on the principal that income is earned from the use of an asset. The advantages and limitations of leasing are following: Advantages of Leasing: Reduced initial cash flow The big advantage of leasing equipment is that the cost is spread over a number of years. You have not to pay the entire amount upfront. This can help to maintain cash flow. Poor cash flow is the main cause of small business and leasing can help you to keep it under better control. Budgeting Normally this is a fixed contract. So the amount can be worked into your business budget much more easily. Tax Advantages lease rentals are considered as an operating cost. So it is possible to deduct them from taxable profits. However, before the contract you should always check the equipment you are buying is eligible or not. Security When you lease the product, you are not owner of this product. It means the leasing company gives better security. You dont need any further security to be able to start a contract. Disadvantages of Leasing: No ownership Main disadvantage is that you are not the owner of the product. It means the leasing company is the owner during and after the lease. As you do not own the product, you are unable to sell it in the event it is no longer needed, and you cannot upgrade to a newer or better product without either paying off the remaining contract, or paying a large fee to cancel the contract. No sell As you are not owner of the product, you can not sell it. If you do not longer needed, you have to pay large fee to cancel the contract. Termination Leases are very difficult to terminate early. Long term expense Although leasing allow you to avoid paying a large amount, but after a long time it works out considerably more expensive. Over the period of standard lease, you pay the actual cost of product and other charges. Maintenance You are responsible for maintenance of the product. If you have not trained employee to fix the equipment, this could be more costly in the serious fault. Some leasing company will allow you to cover maintenance cost but you have to pay some extra amount. Commitment Once you signed a lease contract, you are committed to making payment for the entire lease period even you stop using a property. Public Deposit : It is very old and popular source of finance. When modern banks were not established, people used to deposit their saving with reputed business. The maturity period for public deposit is minimum 6 months and maximum 3 years. The advantages and disadvantages of public deposit are following: Advantages of Public Deposit: Easy to deposit The method of borrowing money from public is very easy. It does not require many legal formalities. It has to be advertised to be newspaper. Easily available If companies have good reputation, they are able to obtain funds directly from public without any more financial difficulties. Income tax purpose Interest paid on this deposit is a deductible expenses for income tax. Fix rate The rate of interest on this deposit is fixed, it helps the company to play trading on equity, if the company is earning more then the rate of interest paid on public deposit. Flexibility Public deposit bring more flexibility in the structure of the capital of the company. These can be raised when needed and refunded when not needed. Disadvantages of Public Deposit: Insecurity Public deposits have no charge on the assets of the company. So it may be not safe to deposit saving in those companies which are not very popular. Uneconomical The rate of interest paid on public deposit may be low but there are other expenses like commission, which make it uneconomical. Short period Public deposits are available mainly for short period. So company cannot depend on it for a long time. Misuse The management may misuse your deposit. So in this case it is not secure. Bad effect on capital market It is an easy and cheaper source of raising money. Thus, more money deposited with the companies, there will be less investment in securities. Hence the capital market will not grow. Mortgage : A mortgage is a loan specially for the purchase of property. The borrower can use theirs own property as security for the loan. The advantages and limitations of mortgage are following: Advantages of Mortgage: Tax advantage The interest payment on the mortgage are tax deductible. Good cash flow With the use of mortgage, you are able to access to capital that you would not normally have access with nominal up-front payment and the flexibility in management of repayment plan. Cash flow management Mortgage plan are pre-set, so you can make plan for future cash management. Disadvantages of Mortgage: Collateral The nature of a mortgage require you to pledge the purchased property to the lender. When the mortgage is repaid, the owner is obligated to release the mortgage and is require to make available any government formalities. Defaults The lender may define a variety of events that will constitute a default on the mortgage, including failure to make any payment on time, bankruptcy, insolvency and breaches of any obligations in the mortgage agreement. Try to negotiate an advance written notice of any alleged default, with a reasonable amount of time to cure the default. Long Term Source of Finance Definition Long-term source of finance are those that are need over a longer period of time. Generally time duration may be more then 5 years. Long-term finance are needed for fund expansion, set up new office, buying new business or fixed assets like furniture, building, machinery, land etc. Funds require for this business is called long-term finance. The amounts of long-term capital depend upon the scale of business and nature of business. Following various sources of long-term finance and advantages and disadvantages of each source. Long-term source of finance: Shares Equity Share Preference Share Debentures Retained Earning Commercial Bank Loan Borrowing Shares : Shares is the main source of long-term finance. The joint stock companies issue shares to the general public. These shareholders are the owners of the company. There are two types of shares (1) Equity Share (2) Preference Share. Company divides its capital into units of particular value like  £10 each or  £200 each. Each unit is called share. Equity Share Dividend on these shares is paid after the fixed rate of dividend has been paid on the preference share. The rate of dividend is not fixed because it is depend upon the profit available. The equity shareholders control the affairs of the company and have an unlimited interest in the companys profit. The advantages and disadvantages of equity share are following: Advantages of Equity Share: [ For Shareholders ] Income Profit The equity shareholders are the residual claimants of the profit. The company may add to the profit by trading on equity. Thus equity capital may get dividend at high in good period. Rights Equity shareholders have right for voting to right persons as directors who can control and manage the affairs of the company. Transferable These shares are transferable units. The value of equity share goes up in the stock market with increase in profit of the concern. Advantages of Equity Share: [  [5]  For Limited Company ] A company can raised fixed capital by issuing equity shares without creating any charge on its fixed assets. The capital raised by issuing equity shares is not required to be paid back during the life time of the company. It will be paid back only if the company is wound up. There is no liability on the company regarding payment of dividend on equity shares. The company may declare dividend only, if there are enough profits. If a company raise more capital by issuing equity shares, it leads to greater confidence among the investors and creditors. Disadvantages of Equity Share: [ For Shareholders ] Irregular income The dividend on equity share is subject to availability of profit. If there are preference shareholders, they get first dividend before equity shareholders. Equity shareholders may get no dividend if company has not enough profit. Capital loss During recession period, the profit of the company come down and the rate of dividend also come down. Due to low rate of dividend the market value of equity shares goes down resulting in a capital loss to the investors. Dilution in control Each sale of equity shares dilutes the voting power of the existing equity shareholders. Equity shares are transferable and may bring about centralisation power in few hands. Impossible trading If equity shares alone are issued, the company cannot trade on equity. Over capitalisation If company issue more equity shares may result in over capitalisation. In that condition dividend per share is low which make bad effect on investor. High cost It cost more to finance with equity shares then with other securities as the selling costs and underwriting commission are paid at a higher rate on the issue of these shares. Speculation Equity shares of good companies are subject to hectic speculation in the stock market. Their prices change frequently which are not in the interest of the company. Disadvantages of Equity Share: [  [6]  For Limited Company ] No trading on equity Trading on equity means ability of a company to raise fund through preference shares, debentures and bank loan etc. On such funds the company has to pay at a fixed rate. This enables equity shareholders to enjoy a higher rate of return when profits are large. The major part of the profit earned is paid to the equity shareholders because borrowed funds carry only a fixed rate of interest. But if a company has only equity shares and does not have their preference shares, debentures or loans, it can not have the advantage of trading on equity. Conflict of interests As the equity share holders carry voting rights, groups are formed to corner the votes and grab the control of the company. There develops conflict of interest which is harmful for the smooth functioning of a company. Preference Share Rising capital by issue of these shares is a most important method of rising long-term funds. Preference shares are the shares, which carry initial rights over the equity shares. These shares are receiving dividend at a fixed rate. All shareholders gets dividend regularly. The advantages and disadvantages of preference share are following: Advantages of Preference Share: Fixed income The dividend payable on preference shares is on fixed rates even if there is no profit. First right Preference shareholders have first right to get dividend. Thus they enjoy the minimum risk. Less capital losses As the initial right of repayment of their capital in case of winding up he company, it saves them from capital losses. Fair security Preference share are fair security for the shareholders during depression period when profit of the company are down. Disadvantages of Preference Share: No Voting right Preference shareholders have no any voting rights in the company. Fixed income The dividend payable on preference shares is on fixed rates even if the company earns higher profit. No claim on surplus amount The shareholders have no rights to claim on surplus amount. They can only ask for the capital investment in the company. Not secure They cannot be secure on the companys assets. Debentures : Whenever company want to borrow a large amount of money for long but fixed period, it can borrow from the general public by issuing loan certificate called debenture. The holders of the debentures are the creditors of the company. The total amount is divided into units of fixed amount. These are offered to the genera public to subscribe in the same manner as in done in the case of share. A debenture is issued under the common seal of the company. It is a written acknowledgment of money borrowed. For example, if company need  £5,000,000 for 10 years, it will issued debentures. Each cost of debenture may be  £100. Advantages of Debentures: Creditors Debenture holders are the creditors of the company. Allowing control over the company Debenture holders have no right either to vote or take part in the management of the company. Reliable Source These are repayable after a fixed period of time, the company can make the best use of money. It helps long term planning. Tax benefit Interest paid on debenture is treated as a expense and is charged to the profit of the company. Thus the company saves income tax. Safety Debenture are more secure. When the company is winding up, they are repayable before any payment is made to the shareholders. Disadvantages of Debentures: More finance more difficulty Debenture finance enables a company to trade on equity. But more finance leaves little for shareholders, as most of the profits may be require paying interest on debentures. Burden in time of depression During depression time the profit of the company decline. It may be difficult to pay interest on debenture. As interest goes on accumulating, it may lead to the closure of the company. Cant borrow money Usually debentures are secure. The company creates a charge on its assets in favour of debenture holders. So the company, which does not have own enough assets, they cannot borrow money by issuing debentures. Burden As the interest on debenture have to be paid every year whether there are profits or loss. It becomes burden in case of company incurs loses. Retained Earning : The part of the profit which is not distributed among the shareholders but is retained and is used in business is called retained earning. As per Indian company Act. Companies are require to transfer a part of their profit in reserves. The amount so kept in reserve may be used to buy fixed assets. This is called internal financing. Advantages of Retained Earning: Cheap There are no expenses behind earning capital from this source. There is no obligation on the part of the company either to pay interest or pay back the money. It can safely used for business. Financial Stability A company which has enough reserves can face ups and downs in business. Such companies can continue with their business even in depression, thus building up its goodwill. Good for shareholders Shareholders may get dividend out of reserves if the company does not earn enough profit. Due to reserve, there is capital appreciation, i.e. the value of shares go up in the share market. Disadvantages of Retained Earning: If Huge profit This method of financing is possible only then there are huge profits and that too for many years. Dissatisfaction When funds accumulate in reserves, bonus shares are issued to the shareholders to capitalise such funds. Hence the company has to pay more dividend. By retained earning the real capital does not increase while the liability increases. In case bonus shares are not issued, it may create a situation of under-capitalisation because the rate of dividend will be much higher as compared to other companies. Monopoly Through ploughing back of profits, companies increase their financial strength. Companies may throw out their competitors from the market and monopolize their position. Mis-management of funds Capital accumulated through retained earnings encourages management to spend carelessly. Commercial Bank Loan : Some commercial banks giving loans for a long period. i.e. for more than ten year. The period of repayment of long is extended at intervals long period. Commercial banks provide long term finance to small scale units in the priority sector. Advantages of Commercial Banks Loan  [7]  : It is a flexible source of finance as loans can be repaid when the need is met. Finance is available for a definite period, hence it is not a permanent burden. Banks keep the financial operations of their clients secret. Less time and cost is involved as compared to issue of shares, debentures etc. Banks do not interfere in the internal affairs of the borrowing concern, hence the management retains the control of the company. Loans can be paid-back in easy installments. In case of small-scale industries and industries in villages and backward areas, the interest charged is low. Disadvantages of Commercial Banks Loan : Banks require personal guarantee or pledge of assets and business cannot raise further loans on these assets. In case the short-term loans are extended again and again, there is always uncertainty about this continuity. Too many formalities are to be fulfilled for getting term loans from banks. These formalities make the borrowings from banks time consuming and inconvenient. Borrowing 8 : Most business rely on borrowings as well as equity to finance operations. Lenders enter into a contract with the business in which the rate of interest, dates of interest payment, capital payments and security far the borrowing are clearly stated. In the event that the interest payment or capital payments are net made on the due dates, the lender will usually have the right, under the terms of the contract, to seize the asset on which the loan is secured and sell them in order to reply the amount outstanding, security for loan may take the form at a fixed charge on particular assets at the business or a floating charge on the whole at its assets. A floating charge will float over the assets and will only fix on particular assets in the event that the business defaults on its borrowing obligations. Advantages of Borrowing  [9]  : Local savers may provide less costly funds; an important habit among clients and the public is rewarded. Lower interest loans provide experience for the company in borrowed funds Local bank become familiar with micro and small enterprise potentials. Access to larger sums more quickly based on track record. Allow longer term projections than grants Provides a discipline similar to that of micro and small enterprise clients. Disadvantages of Borrowing : Too many subsidized loans can retard move to market rate. Loans may be dollarized in inflationary situation. Local banks may not be willing to be cooperative.

A Confederacy of Dunces :: essays research papers

Journal One: A Confederacy of Dunces Chapter One: Plot: Ignatius waited for Mrs. Reilly outside the department store. A policeman attempted to apprehend Ignatius; a mob ensued with the result of an old man being arrested for calling the policeman a communist. Mrs. Reilly and Ignatius escape to a local bar in which the bartender treats them with a lack of respect as well as eavesdrops on their conversation about Ignatius’ trip to Baton Rouge. The old man, Claude Robichaux, was brought before the police sergeant as well as the officer who brought him in. A black man named Jones made comments during the man’s â€Å"interrogation† and was repeatedly told to shut up by name, giving the idea that this wasn’t the first time Jones had been there. Returning to the Night of Joy bar, Ignatius’ mother sells her hat to a young gentleman for fifteen dollars while Ignatius tells his bus story to a regular customer by the name of Darlene. Mrs. Reilly has a little too much to drink and begins to weave a tale of domestic mistreatment by her boy and Darlene loses interest in Ignatius. Ms. Lee, the bar’s patron returns from a few hours of shopping and kicks the Reillys out of the bar. When Mrs. Reilly tries to drive away from the city, she demolishes a Voltzwagon parked behind the massive ’46 Plymouth and crumbles a balcony of a building she hits. The officer from Ignatius’ previous incident ends the chapter with his arrival in a most awkward costume, punishment for his earlier dealings. Character: Ignatius is a highly intelligent, socially awkward, and interesting character. Plump and at least a little bit apprehensive towards the world in general, he wears an odd assortment of clothing and pines for his lost lumber jacket. He is 30, unemployed and lives with his mother. He spent eight years of college getting a masters degree in an as of yet undisclosed discipline, possibly having to do with medieval history based upon his one known job interview with the head of Medieval Studies in Baton Rouge. Mrs. Reilly is Ignatius’ mother. She has arthritis of the elbow and shows a genuine interest in the well being of her child while on the same time feels a slight feeling of resentment of his overpowering each and every conversation as well as the trouble he finds himself in. Claude Robichaux was the old man who tried to defend Ignatius by calling the policeman a communist.

The Lottery :: essays research papers

â€Å"The Lottery† Shirley Jackson wrote â€Å"The Lottery† in 1948, not long after the second World War. The horror of the Holocaust was still fresh in everyone’s mind’s. Jackson wrote this story to remind everyone that we are not so far from this world of sadistic human sacrifice. She created a town, very much like any American town, with the gathering of the towns people to celebrate some annual event. She wanted to shine a mirror on contemporary society, a reflection of humanity, or rather, inhumanity. One would think that she was protesting against the shallow hypocrites that rule the world. The town sets up this lottery in a very practical way, there were several things that were a part of the ritual that the town allowed to fade from practice. But the town still saw it necessary to stone a citizen to death once a year just because that was the way it was always done. Shirley Jackson wanted the world to try and find another way, to break away from traditions and be more humane human beings. Once the heads of household have drawn, everyone looks at the slip of paper in their hands and at the same time everyone is praying that it is not their family. Once again the family members draw and each one is praying it is not them, at the same time they know that they are about to lose a loved one. Everyone has felt these same feelings. A friend loses her husband or child and we say a little prayer of thanks to what ever power each of us believes in , thank goodness it was not me. When Tessie Hutchinson realizes that her family has been chosen she says, ‘ I tell you it wasn ’t fair. You didn’t give him time enough to choose. Everybody saw that.†(233) â€Å"The Lottery† makes one feel guilty for desiring one’s own survival.

Different Types Of Play Essay

1. The materials used in play, what the benefits are and examples. Creative play is when children use their imagination and artistic skills to create what they want whilst doing activities such as painting, drawing, sticking, cutting and play dough. The materials that are used in this play are colouring pencils, scissors, glue, paper, crayons, stamps, aprons, feathers and paints. Creative play helps develop math skills because when they are sticking they are seeing a variety of different shapes and sizes and get a basic understanding of this. When children are being creative they are using and developing their fine motor skills, they are doing this by participating in activities such as painting, cutting and drawing. Children are expressing themselves in creative play using materials other than words and they can work together and socialise in the activities this will help build relationships with other children. Pretend play is what kids do to learn about their world and understand how to interact with the people and things that are in it. Children are being imaginative and act out what their parents do for example they play kitchen and mums and dads. This is an understanding of the world and everyday life. The materials that are used in this play are dressing up, plastic food, play kitchens, doll houses and push chairs. Children can express their feelings through pretend play because they may act out something that has happened to them before. It’s also an opportunity to talk to children about feelings and emotions. When children are pretend playing they are making up stories of their own for example they play ‘schools/ teachers’ and make up what’s going to happen. Children are developing their language skills through this and also their social skills because they will be playing with other children and sharing ideas of their own. Children are learning and developing how to problem solve because they all might want to be the teacher but they can’t so they will need to work out how they are going to do this. Physical play is any activity that you do when your body is involved with movement. The materials that are used in this play are bikes, skipping ro pes, footballs, hopping, hopscotch and apparatus. Physical activity helps develop children’s health and growth development. When children physical play they are improving their physical skills and it provides children with feelings of accomplishment, positive self-esteem and a sense of power and freedom. Children are improving their  gross motor skills because physical play involves coordination, jumping, running and balancing, anything to do with their feet and legs. Manipulative play is a play that involves children building and fitting things together. This play helps children develop their fine motor skills and hand co-ordination. It helps children become more confident in using different objects and equipment they will use as they get older. The materials that are used in this play are building blocks, puzzles and Lego/ Duplo. Children become increasingly skilful with their hands, and it also encourages them to think about their actions, plan them, and learn through trial-and-error. Manipulative play also helps childre n to learn the most suitable ways of performing certain actions. Discovery play is allowing children to learn about the world and how it works. Children grow in self-confidence and to experiment and investigate new things, to form new relationships and to develop as individuals. Discovery play is for children to explore, investigate and make sense of the world around them. They can feel the changes in the weather, discover the natural world and move and develop their physical strength. 3. Questions You have been asked to work with a group of children to make paper hats for a party. What type of play is this? This is creative play. How can you make sure that each child makes a hat in their own way? To make sure that each child makes a hat in their own way you could talk to them and help gather their own ideas to put them on their hat. Encourage the children to do it how they want to and not what everyone else is doing. What equipment and materials would you need? The equipment and materials that you need are glue, aprons, stickers, glitter, feathers, sequins, scissors, colouring pencils, cello tape and stapler. Can you describe what pretend play is? Pretend plays are children being imaginative and make believing. What are the different forms of pretend play? The different forms of pretend play are role play, domestic play, fantasy play, imaginative play, super hero play and socio dramatic play. What equipment or items can be used in pretend play? The equipment that can be used in pretend play is play kitchens, tea sets, and dress up, plastic food, card board boxes, books, dolls house, doctors set, plastic babies, teddies, plastic phones, apparatus and cutlery. How can pretend play fit in with the Early Years Curriculum? Pretend play fits in with the Early Years Curriculum by doing a theme. Within my placement my class had monsters week and children had to dress up as monsters at the end of the week. What are the benefits of physical play? The benefits of physical play are that children develop stronger immune systems and it improves focus and concentration. Physical play can promote problem solving skills and leadership skills. Children respond to their peers feelings while waiting for their turn and sharing their experiences, this helps develop their social and emotional development. Physical play contributes to children’s fine manipulative and gross motor development and body awareness as they use their bodies in activities. This helps their physical development. What type of equipment can be used for physical play and how can this help children develop? What age ranges this is suitable for? The type of equipment that can be used for physical play can be apparatus; this can help children develop their physical development. They are using their gross motor skills and fine motor skills because they are using their hands to grab and pull themselves up and they are using their feet to push themselves up, balance and climb over. The age ranges that are suitable for this would be 3-12 years old. What large pieces of equipment are there and which ones are particularly popular with the children? How do they use them? Within my placement they have slides, tunnels and tricycles in the playground. The tricycles and slides are the ones that are most popular with the children. The children that play with the tricycles they pretend that they are on motorbikes and make the sounds of it. Some children like to race with each other. Many skills are developed when riding a tricycle such as the ability of know when to slow down and speed up, pedal and steer. The slides, children learn to balance and build up their self-esteem. Children see slides as a challenge when they climb and they enjoy playing on it. What is manipulative play and can you give examples? Manipulative play is building and fitting things together. Examples; Lego Train set Puzzles Building blocks What are the benefits of manipulative play? The benefits of manipulative play are that children can work together, or on their own building blocks and this helps develop their social development. Children are developing their fine and gross motor skills, using their fingers to pick up the pieces. Also they are developing hand- eye coordination because if the child was doing a jigsaw they are looking where the puzzle piece may fit. Children are developing their language skills when playing with friends. When children have completed their activity such as a train set they will sense achievement because they completed it on their own, they may even set themselves a goal and do something a bit harder. What equipment can be used in manipulative play, what are the benefits and age ranges? Duplo can be used in manipulative play, the benefits of this are that children can gain confidence because there is no right way in playing with this equipment. Children are using hand-eye coordination and their fine manipulative skills. The suitab le age for this is 18 months- 5 years old. What is discovery play and can you give me some examples? Discovery play is playing that helps children learn and explore new things and how to use and play with them. Examples; Sand and water pit Farm yards Plasticine and play dough Cars What materials can be used to encourage discovery play? Buttons Pebbles Pasta Different coloured paper Rice How could children combine play? Children can combine play by putting toys with another. Examples; Sand pit with dinosaurs. Water with boats, plastic sea creatures or cups. Playing with the Play dough in the kitchen, making things, pretend food. Case study questions 1. How is this type of language helping Ayse develop her language? It helps develop Ayses language because it encourages to communicate with other children when she is around them. 2. What other skills is Ayse learning?  She is using her fine manipulative skills, sensory and thinking skills. 3. Why is it important that the child minder is ready to join in and support this type of play? It’s important that the child minder is ready to join in and support this type of play because it will give Ayse ideas on what to use to pretend feed her teddy. The child minder can make sure that Ayse is safe when playing and is calm. 4. What is treasure basket play and Heuristic play? Treasure basket play is a play that babies use, it’s a basket that has a variety of toys in that are suitable for the child to play with. The baby can choose what they want to play with and it gives them a chance to explore the different toys inside the basket. They can touch, shake, licking, banging and dropping. The materials that are used in this play are corks, shells, string, sponges, leather wallet and metal scoop. Heuristic play is a play that children use who are mobile and have moved on from treasure basket play. It encourages children to explore through the use of children’s senses. The types of things that are put out for the child to explore would be everyday objects. Children do anything to find out what they can and can’t do with the objects that they have been given, they will put things together or put them on top of each other. The materials that are used for this play are cork, plastic bracelets, pompoms, pegs and different sized bottles. The role of the adult is to show what the children need to do because they aren’t going to know what to do with the things in the basket. Showing the children what to do gives them ideas on what else they might be able to do with it. Children love to explore with the different objects.  When the children are playing the adult shouldn’t interfere and just supervise them because they want to explore on their own, only interfere if children need your help. You should have objects that babies can put in their mouth because that’s the first thing babies will do with whatever they have in front of them, it’s how they feel the object. Babies can only grip objects, they aren’t able to feel with their hands properly which is why they put the objects in their mouth.