Shakespeare vs. Tom Stoppard

Vikas Sharma Honors English Final Exam Essay 5-24-10 Stoppard vs. Shakespeare There are many ways love is presented thematically in A Midsummer Night’s Dream by William Shakespeare and Shakespeare in Love by Tom Stoppard. In a Midsummer Night’s Dream, love is off and on going between most of the characters which shows that love was difficult and not too strong between the characters, while in the play Shakespeare in Love, the love between Shakespeare and Viola seems to be pure and full of passion. The idea for love in A Midsummer Night’s Dream starts out with Theseus and Hippolyta.Hippolyta, having been the Queen of the Amazons, has been conquered by Theseus and is therefore under obligation to marry him. Shakespeare presents this kind of love as forced love because Theseus has conquered Hippolyta which means that she is dutiful to Theseus. Throughout the story Hippolyta starts to accept Theseus which shows that the nature of their love is mature. The four main c haracters in A Midsummer Night’s Dream all have difficulty in their love which shows that it is true but also very young.As Lysander states in the novel â€Å"The course of true love never did run smooth. † He articulates on of A Midsummer Night’s Dreams most important themes. The theme of love’s difficulty is often explored through the motif of love out of balance—that is, romantic situations in which a disparity or inequality interferes with the harmony of a relationship. One of the reasons that love didn’t go smooth with Lysander is because of Egeus, Hermia's father. By law he has power over her and what he wants for is daughter is what must happen.And by law, Hermia is expected to be dutiful to her father, by respecting and obeying him. His over-protective parenting style demands Hermia a new man, but Hermia’s and Lysander’s true love and determination brings them together. Despite the obstructions that face the couple, the ir love succeeds in the end to show true love is strong and with determination it prevails. This kind of love is similar with Shakespeare’s and Viola’s love in the movie Shakespeare in Love because throughout the play, there are many obstacles that prevent them from being together.One of the obstacles of their love is that Viola is forced to marry Lord Wessex because she has to obey her father but she does not truly love him. Her love is only with Shakespeare and with poetry. Their love for each other is very mature, and is full of true love, but sometimes does not run smooth just like Lysander’s relationship with Hermia. Next there was the love of Helena and Demetrius. The opposite of true love would be Helena’s and Demetrius’s relationship. Shakespeare uses magic in the story to bring in bizarre events and hilarious situations.One example of why there is awkward and difficult love between all the characters is because of the love potion. The love potion is made from the juice of a flower that was struck with one of Cupid’s misfired arrows; it is used by the fairies to wreak romantic havoc throughout Acts II, III, and IV. Because the meddling fairies are careless with the love potion, the situation of the young Athenian lovers becomes increasingly chaotic and confusing. Helena’s and Demetrius’s relationship is described in a simple sentence by Helena that states, â€Å"The more I love, the more he hateth me. â€Å".This evidently shows Helena's love for Demetrius, and yet her love for him is not returned for he is blinded by his love for Hermia. This unrequited love shows the cruel nature of love. This kind of love is also seen in Shakespeare in Love by Viola and Sir Wessex. Wessex wants to marry Viola because of her power and money, but Viola in return does not agree to give Wessex her love and passion for it belongs to Shakespeare. This can also be seen as cruel love because the lover in return only gets misery and a broken heart. Finally, Oberon and Titania’s love can be seen as confusing but full of character.Their love starts out to be strong but as time goes by, Oberon become’s jealous. This can be seen as jealous love. This shows there are troubles present in their relationship, since the two do not appear to be on good terms. Oberon and Titania are arguing over the changeling boy, the son of one of Titania's late friend. Oberon would like to possess this child, but Titania refuses to let him go. This shows that the nature of love can at times be irritating and troublesome and that the love between Oberon and Titania is most definitely not running smoothly.Throughout the story you can see Oberon’s jealousy increase as the story goes on. Jealously is a powerful emotion, and when mixed with love, it has devastating effects. Oberon's jealousy grows, as Titania's love for the changeling boy does, and as a result, the relationship between the two worsens as they grow apart from anger. Sir Wessex also starts to become jealous of William Shakespeare because his love with Viola is very passionate and true. Wessex knows that his desire to marry Viola for her money cannot become reality unless he does something to hurt Shakespeare’s and Viola’s relationship.In the end though, true love defines all odds and Shakespeare is meant to be with Viola. All in all there are many ways love is presented thematically between the characters in A Midsummer Night’s Dream by William Shakespeare and Shakespeare in Love by Tom Stoppard. Both authors present love thematically in different and similar ways using many methods. They both like to create bizarre scenes and like to complicate their characters loves. They both have similar but also different ideas to attract their fans and to complicate the scenes in their stories.

Small Scale Industries

Small-Scale Industries in the Globalization Era: The case of Jordan Basem M. Lozi, Assistance Professor, Al-Balqa Applied University, [email  protected] com Abstract The research examines the role of SSI in the economic development of Jordan by showing the effects of the SSI on the unemployment rate, production, and sales. The research concludes with policy recommendations to ensure the sustained and competitive growth of small-scale industries in Jordan. The results of the study show that the growth of SSI in Jordan in terms of employment, production and sales has increased due to globalization and domestic liberalization.However, it is still not as significant as planned. The SSI sector should be encouraged to make a sustainable contribution to the national income, employment, and exports. Keywords: Small scale industries, policy, globalization, Jordan, competitiveness. Introduction The development of small-scale industries (SSI) has been one of the major planks of Jordan’ s economic development strategy since Jordan's independence. The SSI sector occupies a place of strategic importance in the Jordanian economic structure due to its considerable contributions in terms of output, exports and employment.SSI play a key role in the industrialization and development of any country. This is because SSI provides an immediate large scale employment, ensure a more equitable distribution of national income, and facilitate an effective mobilization of resources, capital, and skills which might otherwise remain underutilized. It is possible to determine the concept of the SSI in accordance with two measures: the size of the labor force employed; and the amount of invested capital in this industry. Jordan has adopted the first concept to distinguish between the SSI and other industries.An establishment is considered small if it employs not more than 10 workers, while industry employing between 15-30 workers is considered a medium scale industries, and when having more than 30 workers the industry is considered large scale industry's category. Although many countries have adopted this criterion, other, countries determined the higher ceiling of the number of the labor in this industry to become 15 workers as it is in Iraq and Ghana, while Egypt, Belgium and Denmark adopted the criterion that the number of workers should not exceed 50 workers.In contrast , countries such as France and Italy adopted the criterion of 500 workers to distinguish between small-scale and other industries But in Japan and in the United States the total number of workers working in small scale industries was set at 300 in Japan and 1000 workers in the United States(Subramanian 1995). Furthermore , the SSI are characterized by their degree of spread as show in table (2), the SSI in Jordan comprise nearly 84% of the established industries during the period of 19901998 and increased to nearly 90% of the total industries established during the period of 1999-2006 (Hachur e 2004).Moreover, most of these industries were characterized as being environmentally friendly. The possibility of establishing these industries in different regions is favorable because they do not need a special infrastructure, once these industries are well established then the encouragement of their spread in the rural regions will help to achieve many of the social and economic goals, such as increasing income in rural areas, controlling the migration from rural areas to cities and controlling demographic growth.Objectives of the study The main objective of this paper is to highlight the importance of SSI in the Jordanian economy as SSI occupies a place of strategic importance in the Jordanian economy due to their considerable contributions in terms of production, sales and employment. These 1 contributions have emerged despite of the fact that this sector has been exposed to intensifying competition. Research Questions This paper is also attempting to answer the following res earch questions.The answers to these questions are part of the objectives of this study. †¢ Why should global and national policy development affect SSI in Jordan? How? What are its implications? †¢ How far have SSI been able to cope with the competitive environment? What was their growth performance in the last decade? †¢ What was their effect on employment, production, and sales? †¢ What policies need to be taken to strengthen SSI to ensure their sustained contribution to the Jordanian economy?Methodology This study is based on the primary and analysis of secondary data. The data was gathered from published studies and reports available in both English and in Arabic languages. Relevant statistics were obtained from the Central Bank of Jordan and the Department of Statistics. These data were then analyzed to describe and explain the objectives of the study. Review of literature The literature review indicated that the numbers of studies which have examined SSI i n Jordan are very limited.The most notable studies are: A special report was conducted by the International Bank in the Middle East and North Africa (2005). This report shows that the financial gap which is the difference between the capitals offered and the capital needed has decreased, which means the SSI influenced part of the financing problem. Another study was conducted by the Royal Scientific Society (2001), concluded that if the SSI control the cost of needed materials for production, then the role of these industries in the economic development of Jordan will be significance.Additionally, N. Khalil (2004) reported on his paper â€Å"The role of SSI in decreasing the poverty and unemployment rate in Jordan†, that the SSI has a minor effect on the poverty and unemployment especially in the rural areas. While, I. Krabiliah (2002) in his paper â€Å"Relation between the no. of SSI and the unemployment rate in south Jordan†, that the no. of SSI in south Jordan is l imited compared to other districts. Therefore, the SSI in the south has a minor effect on the unemployment rate.Ironically, Almeyda (1996) reports that commercial banks role in SSI finance is significant even when compared to large and developed non-governmental organizations. It was found that 70 percent of the outstanding value of microfinance and SSI loans was extended by the 25 banks, whereas 150 non-governmental organizations were responsible for 4 percent only. A world Bank survey of 206 microfinance intermediaries world wide (2001), finds out that many area of the world – unlike the Middle East and North Africa and contrary to perceived barriers – banks are becoming a major player in microfinance.This report states that â€Å"banks may be the most efficient channel for providing microfinance to the entrepreneurial poor†. Global and national changes implications for small scale industries Last decade was a remarkable period in terms of policy changes natio nally as well as internationally. Since the beginning of 1990s, policy changes have been taking place at two different levels: global and national. Both have implications for the functioning and performance of SSI in Jordan. Globalization refers to free movement of factor inputs as well as output among countries.However, the developments that have been taking place since the early 1990s are mostly reference to the movement of capital, commonly known as Foreign 2 Direct Investment (FDI), and the free movements of goods, particularly from the developed not the developing economics. The liberalization of FDI regimes and the strengthening of international standards for the treatment of foreign investors give foreign firms greater freedom in making internationally location decisions. More than 58 countries have annually introduced changes in their investment regimes during the 1991-2006.In 2001 alone, 70 countries made a total of 150 regulatory changes, of which 147 were more favorable t o foreign investors (Stiglitz 2002). As a result, global FDI increased from US $ 209 billion in 1990 to US $ 1591 billon in 2000. The increased flow of FDI has led to its greater share in gross capital formation in all industries as well as manufacturing industries (Table 1). The increase was more significant in developing countries. This would have led to intensifying competition in the national as well as international markets for small firms.Table (1): FDI in capital formation (1980, 1990, and 2005) Region FDI as a percentage of Gross capital Formation ( All industries ) World 1980 1990 2005 Developing countries 1980 1990 2005 Source: UNCTAD The formation of the World Trade Organization (WTO) in 1995 has only accelerated the process of scaling down tariff and non-tariff restrictions on imports. Jordan, as a member of the WTO, had substantially done away with its quantitative and non-quantitative restrictions by 2000. The process of removal of quantitative and non-quantitative res trictions across countries has led to a greater movement of goods between countries, including Jordan.However the reduction of restrictions on the movement of goods between countries and the subsequent increase in world exports have benefited Multinational Corporations (MNC) much more than small enterprises. This situation has not been examined along with the process of economic reforms launched by the government of Jordan at the national level. This has resulted in considerable freedom for enterprises – domestic as well as foreign – to enter, expand or diversify their investments in Jordanian industry.Jordan's economic reforms have two major outcomes. Firstly, the growth of the public sector decreased considerably since 1988 compared to the earlier period, in terms of not only investment and employment but also production. Secondly, there has been a rapid increase in FDI inflow, into diverse sectors of Jordanian industry. This economic reform in Jordan has treated the small scale industries in two ways: first is due to opening the door for intensified competition for non-durable consumer goods industries.The second way is by providing an opportunity for outsourcing to small enterprises in durable consumer goods and capital goods industries. Performance of small scale industries in the globalization era SSI is considered as the backbone of the private sector all over the world, which assures their role in production, employment and sales. In addition to their role in economic development, 1. 2 4. 0 8. 3 11. 7 22. 3 29. 8 2. 3 4. 7 9. 7 9 14 22 FDI as a percentage of Gross capital Formation In manufacturing 3 they play a vital role in social, political, and cultural development as well.However, the notable spread of SSI contributed to the increased severity of competition between these industries that often leads to the failure of these industries. Most SSI fail during the first year of establishment, and 90% of these industries are subject to fai lure during a period not exceeding their first 5 years. On the other side, the Mexican experience illustrates of the 200,000 small projects entering the market annually, no more than 70,000 projects continue in the market by the second year (Bencivenga, V. Bruce, S. and Starr, R. 1995).Table (2): The relative importance of the SSIs in Jordan (1990-2006) Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 No. of SSIs 52496 54696 64752 66160 66100 74896 76468 78580 81856 92923 106730 103753 105662 130149 126196 132166 135732 No. of all industries 58984 61388 74369 75920 80363 91520 93432 95856 98768 109532 118271 115820 118492 140338 141944 145699 150222 Relative importance 89% 89% 87% 87% 81% 82% 82% 82% 83% 84% 90% 89% 89% 92% 88% 90% 90% Source: Department of statistics, yearly statistical bulletins, various issues.As shown in table (2) the number of the SSI increased from 52496 projects in 1990 to 135732 projects in 2006. These numbers illustr ates the relative importance of the number of SSI of the total number of industries in Jordan is more than 80%. The SSI was distributed in Jordan into three districts as follows (Department of Statistics 2005): The northern district: 22% of the total small scale industries in Jordan. The middle district: 68% of the total small scale industries in Jordan. The southern district: 10% of the total small scale industries in Jordan.Furthermore, discrepancy in the relative importance of the spread of the SSI in the districts can be attributed to many factors. The most important factor is the demographic distribution that characterizes Jordan's districts, as well as to the nature of the concentration of the economic activities in these districts. However, the geographic distribution of the spread of the SSI may not relate to other economic indicators, but it is possible to accept it as an indicator to express the strength of most of these indicators in favor of the middle district.On the ot her hand, the lack of data and information about the geographic distribution of all the economic and social indicators concerning the SSI – such as investment , employment , production , sales †¦.. etc. – led to making the analysis inclusive for all of Jordan without dealing with details at the district level. 4 The investment Investment is the major driving force for the development process in any country. For instance, the greater the size of capital invested, the more its positive effects on the national economy. Table (3): Total amount of capital invested in the SSIs in Jordan (1990-2006) JD.Thousands* Year Small scale All industries Relative importance industries 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 26205 39347 44981 39149 46413 51345 47886 56048 54268 55355 57889 58322 60142 63324 65589 66639 67174 551811 591426 647104 751231 976636 947662 1208362 1354252 1429333 1438452 1457334 1467441 1492211 1521123 1543189 1551132 1561114 4. 7% 6. 7% 7. 0% 5. 2% 4. 8% 5. 4% 4. 0% 4. 1% 3. 8% 3. 8% 3. 9% 3. 9% 4. 0% 4. 1% 4. 2% 4. 2% 4. 3% Source: Department of statistics, yearly statistical bulletins, various issues. JD. 0. 71 = 1 $ From table (3), it can be noticed that the average of the relative importance for capital invested in the SSI is nearly 4% of the total capital invested in all industries during the period 1990 -2006. This illustrates that the SSI are characterized by the relative reduction in the capital needed to establish these industries compared to other industries. Such characteristics encourage and attract the investor's savings towards this category of industries because it achieves faster and bigger revenues compared to medium and large scale industries.Adding to such attractiveness the autonomy, flexibility and the accommodation the SSI are enjoying. Furthermore table (4) indicates that the average of the available capital for the SSI does not exceed 3. 6% of the total available capital for the different industries during the period 19902006. This is notably less than the average of the relative importance of capital invested in the SSI compared to the total invested capital. In other words, this category of industries depends on its financial resources from its own capital and from the circulated revenues more than the medium and large scale industries do. Table (4): Total value of fixed assets in the SSIs in Jordan (1990-2006) JD. Thousands Year Small scale All industries Relative importance industries 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 32641 45784 61329 48069 54317 72196 56977 69985 72803 73985 73376 72987 73324 73297 74122 75032 76125 980996 1007398 1030155 1062687 1603036 1698525 2084144 2471266 2480713 249687 250991 251543 257198 256244 259822 258970 259765 3. 3% 4. 5% 6. 0% 4. 5% 3. 4% 4. 3% 2. 7% 2. 8% 2. 9% 2. 9% 2. 9% 2. 8% 2. 8% 2. % 2. 8% 2. 9% 2. 9% Source: Department of statistics, yearly stati stical bulletins, various issues. It is important to notice that it is not realistic to explain the aforementioned result on the basis that the financial institutions did not perform their duties towards the SSI in financing their investment activities. The justification must be linked by knowing the nature of the fixed assets for this category of industries. Despite the attractiveness of SSI for investment, financial institutions seem hesitate to finance this industry.This situation can be explained by the fact that SSI are characterized as being traditional assets, handmade in many instances, and their low prices when comparing the capital assets of the medium and large scale industries. Also, the SSI does not conduct systematic studies for the benefits of their capital expenditure in the field of fixed assets. Therefore, financial institutions appear not willing to finance these industries at the current interest rate in the market because of the high risk.But the financial insti tutions could provide the finance for this category of industries at low interest rates only if these industries could provide more guarantees to the financial institutions. There is another alternative to financing SSI so as to receive the needed finance for their operations without bearing any additional financial burdens through loan guarantee's program. In order to over come this dilemma, the Central Bank of Jordan and the financial institutions established the Jordanian Company for Loans Guarantee in 1994, with the aim of providing the needed guarantees to cover the risk of the provided loans for SSI.This company guaranteed 5269 loans with JD. 140 million during the period 1990-2006. The financial institutions are characterized by their wide spread, as there are 17 banks providing the finance for this category of industries, and they accredited more than 24 programs. Some programs were oriented towards a specific age category such as the youth. While others oriented toward a sp ecific districts or specific geographic regions. Moreover the number of the institutions and the differences in financial programs for SSI, created a big discrepancy in the nature of the small loans terms.For instance, the interest rates ranged from 0% as in the case of the National Aid Fund into 22% for the Jordanian 6 Woman Department Establishment. The term of these loans extended from 3 months for the Women Loan Fund to15 years in the Agricultural Credit Corporation. On the other hand, the volume of the small grant reached JD. 192 million during the period 1990-2000. The first stage of the Social Security bundle program (1998-2000) provided loans backed by JD. 14 million for the SSI. The American Agency for the International Development (USAID) worked during the end of the last century to provide JD. 8 million as a grant to finance the SSI. This illustrates the relative sufficiency for the small financial grants compared to the needs to finance the activities of these industries during the past decade. To support this, one study conducted by the International Bank in the Middle East and several North African countries during the year 2005, showed that the financial gap for industries with less than 10 labors in Jordan reached nearly JD. 38 million, while the previous estimates for the financial gap for the SSI, and was JD. 48 million.Through this comparison it is evident that the financial gap was lowered, which means that the financial intuitions notably contributed in financing the SSI and the growth rate for the financing needs for these industries was lowered which contributed in reducing this gap. On the other side, the results of a field survey conducted recently by the Royal Scientific Society confirmed this indirectly as the study concluded that the cost reduction of the needed materials for production is one of the major factors that contribute to solving the problem.Employment The capability of the SSI to attract a large labor force is one of the most prominent aspects that characterized these industries. Also, the possibility of establishing these industries in all regions is considered an added function of the SSI to limit the unemployment in these regions. Table (5) indicates that the SSI provided opportunities for 18% of employment during the period 1990-2006. This percentage clearly demonstrates that the SSI contributes in alleviating the unemployment rate in Jordan.Table (5): Total no. of employees in the small scale industries in Jordan (1990-2006) Year Small scale All industries Relative importance industries 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 80134 83522 855121 88991 90115 93145 96244 98100 98541 100241 103788 93269 82008 123248 97340 100541 105211 421191 455621 479131 482231 491522 501993 521177 539981 544189 563131 585140 575930 573243 617466 705838 706111 706233 19. 0% 18. 3% 17. 8% 18. 4% 18. 3% 18. 5% 18. 4% 18. 2% 18. 1% 17. % 17. 7% 16. 2% 14. 3% 20. 0% 14. 0 % 14. 0% 15. 2% Source: Department of statistics, yearly statistical bulletins, various issues. 7 The importance of SSI for employment in Jordan was similar to their role in other countries. In the African countries SSI reached nearly 40% of the total labor force during the 1980s, while this rate was more than 50% for the developing countries during the 1970s and 1980s. The SSI in the United States contributed no less than 50% of the employment in the private sector during 1970s.In addition to the aforementioned, percentages one study conducted by the International Bank in 2005 pointed out that the rate of the labor force in the small and middle projects increased in developing and developed countries, such as Indonesia (79%), South Korea (78%),Turkey (62%),Brazil (59%),and the United State (52%). Also noted by comparing the contents of table (5) to the contents of table (3) is that the average capital density for each worker in the SSI reached JD. 2146 during the study's period 199 0-2006.This means that providing an additional job opportunity in this category of industries needs an investment of nearly JD. 2100, while average capital investment needed to provide a job during the same period reached JD. 1118, which is equal to the average of the capital density for each worker according to the industrial survey's data for the years 1984, 1988 and 1994. The result was surprising when it was noticed that the average of the relative importance for the number of the females working in the SSI during the research period was no more than 2% of the total labor force in these industries.In addition to what was mentioned above, the data by the Department of Statistics for the period 1990-2006, pointed out that the percentage of the labor force in the small scale industries was 92% of the total industrial sector. The average of the relative importance of working women in small scale industries did not exceed 5% of the total female labor force in the total industries dur ing the same period of the study. Some of SSI depends on employing foreign labor because low wages and salaries in this industries.Therefore, employment policies have to be geared to force the SSI to give domestic labors the first priorities for employment. However, the capability of these industries to eliminate poverty in Jordan is relatively limited. Production The SSI is characterized by their relative large contribution to the GDP. For instance, the average contribution of the SSI to the gross domestic product in Malaysia is 21%, the United States 40%, Spain 64%, Canada 52%, and France 54%. Table (6) shows the contribution of SSI to Jordan GDP is about 8. 5%. the significance of SSI to GDP could be noticeable by relating their ontribution to GDP ( 8. 5%) to their need for capital (4%) from the total invested capital. Table (6): Value added of the SSIs in Jordan (1990-2006) JD. Thousands Year Small scale industries 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 4955 2 56307 84191 76133 73393 85987 73277 84163 93049 94154 93690 95050 638955 643299 738460 766819 916853 1001738 988548 1089376 1145344 1149805 1116732 1140964 7. 8% 8. 8% 11. 4% 9. 9% 8. 0% 8. 6% 7. 4% 7. 7% 8. 1% 8. 2% 8. 3% 8. 3% All industries Relative importance 8 2002 2003 2004 2005 2006 96248 96119 98546 99187 100235 169870 1161779 1179806 1169901 1206509 8. 2% 8. 2% 8. 4% 8. 5% 8. 3% Source: Department of statistics, yearly statistical bulletins, various issues. This characterized can be explained by the nature of SSI as extensive use of labor which is considered the major element in the production process compared to the capital element. On the other hand, comparing the contents of table (6), to those of table (5), revealed that the average annual labor productivity for SSI during the period of the study reached nearly JD. 3600. While before 1990 the average was JD. 3300 annually.Additionally, the data of tables 5 and 6 showed that increase in the average of no less than 9%, which indicates an increase in the labor productivity in the SSI. Table (7): Total sales of SSIs in Jordan (1990-2006) Year Small scale industries 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 67272 89472 149612 115469 104037 113891 115675 117988 136515 130665 135788 137430 140870 142997 143065 144087 148980 1499371 1637914 1947837 2030058 2482996 2769218 2766048 3029266 3094727 3278654 3199054 3304530 3587861 3689954 3788293 3803572 4006590 4. 5% 5. % 7. 7% 5. 7% 4. 2% 4. 1% 4. 2% 3. 9% 4. 4% 4. 0% 4. 2% 4. 1% 3. 9% 3. 7% 3. 7% 3. 8% 3. 7% All industries JD. Thousands Relative importance Source: Department of statistics, yearly statistical bulletins, various issues. Table (7) shows that the average contribution of the SSI total sales for all industries did not exceed 4. 8% during the period 1990-2006. This average is considered â€Å"neutral† because it is completely equal to the small scale industries share of the total capital investe d in these industries. Analyzing the sales structure of the SSI in Jordan demonstrates that 99. % of total sales were directed into domestic markets. In other words, the share of these industries for international market did not exceed 0. 06% of the total sales. 9 Conclusion The findings of this study revealed: 1- Generally, the SSI plays an important role in achieving social and economic development. The average invested capital in these industries reached 4. 8% of the total invested capital in all industries, during the period 1990-2006. Also, the SSI provided 22% of the total job opportunities and contributed in achieving nearly 8. % of the total value added. Lastly, their share of the total sales in the industrial sector was 4. 8%, and most of the sales were in the domestic market. 2- Despite the positive effects of the SSI in the Jordanian economy, the SSI still suffer from many weaknesses such as low average employment of women which is due to the socioculture. The percentage of women working in the SSI was only 1. 7%. Also, the percentage of foreign labor in the SSI is relatively high. 3- The financial institutions are characterized by their wide spread.There are 17 banks providing finance for this category of industry and more than 24 programs have been accredited. Some programs are oriented towards a specific age category such as youths, and some institutional activities are exclusively for specific district or specific geographic regions. 4- There is an increase in the productivity of labor in the SSI, which indicates that the training programs directed towards these industries have increased. 5- Increasing the investment in SSI by 1% lead to an increase of the value added by 0. 78%, production growth by 0. 81%, and employment by 0. 7%. 6- All the results of the statistical analysis of the SSI were statistically acceptable and no differences were noticed between the effect of SSI and other industries on the economic development of the Jordanian econo my. 7- Marketing has been identified as one of the major problem areas of the small scale industries and it has been ranked as the second most important reason for the closure of small scale businesses. Accordingly, small firms will not be able to penetrate markets, national or international, even if marketing support is given by government agencies.Recommendations Based on this study's analysis and results, the following recommendations may contribute to increasing the role of development of SSI in the Jordanian economy. 1- Establishing government centers in all districts in Jordan to provide the needed services and facilities to SSI in order to increase their role in the economic development of the Jordanian economy. 2- Establishing specialized training centers for SSI to provide special training programs on how to establish a project and how to maintain the continuity of that project. – Fostering technology development through either technology transfer or technological in novations or inter-firm linkages should be emphasized in the light of dimensions of global competition and its negative fall out as well as positive opportunities, to SSIs entrepreneurs through seminars and workshops, at the local level.4- The financial infrastructure is needs, and an adequate inflow of credit to the sector should be ensured, taking into consideration the growing investment demands including the requirements of technological transformation. – Limiting the establishment of small scale industries to designated industrial areas for better monitoring and periodic surveys, enabling the Ministry of Industry to make policy corrections from time to time. 10 6- Establishing strong relations between small and large firms. One of the major objectives of this scheme would be to provide reliable information by large-scale industries to the smallscale industries about new methods of marketing and how to participate in the international market. 7- Increasing exports of smal l- scale industries with governmental aid by exhibiting their productions in International Exhibitions. – To reap the benefits of SSI, Jordanian policy and decision makers have to enact and enforce the employment of Jordanian workers in the SSI. 9- It is highly recommended that Jordanian policy and decision makers to work in cooperation with other interest groups to train and encourage SSI to employ more Jordanians women. It is obvious that a large portion of unemployed in Jordan is among women.

A library of ancient information

Inside most of the cells in each human being resides molecules known as DNA, or deoxyribonucleic acid. These molecules are made up of four different bases which are assigned the letters G, C, A and T (for guanine, cytosine, adenine and thymine) and the manner by which these bases are arranged or sequenced defines the particular kind of protein that they will give rise to. Given that humans are highly complex organisms, it is natural and correct to assume that we are made up of a huge number of different proteins that are coded for by an equally large number of different DNA sequences known as genes (Krogh, 2003). The totality of an organism’s genes is known as its genome and since each gene provides the instructions for making a specific protein, the genome can be thought of as a collection or library of instruction manuals for producing all the proteins necessary for an organism to function normally and survive (Krogh, 2003). This collection though, is not one that is built up as the organism grows but rather, one that is inherited from the organism’s parents. Human beings have 46 sets of these instruction manuals called chromosomes. Chromosomes come in pairs but during reproduction, only half of each pair is passed on by each parent to their offspring so that the offspring would likewise end up having a total of 46 chromosomes (Krogh, 2003). This goes on for each new generation of offspring produced and so if we try to trace things back we can imagine how we have, for example, inherited the gene for our particular hair color from either our mother or father, and how they in turn have likewise inherited theirs from either of their parents. Going a long way back towards our ancestors’ generation, we can therefore imagine ourselves as having inherited inside us a library of ancient instruction manuals which tell our body how to produce proteins practically the same way that they have been produced in our ancestors. Naturally though it would be expected that during the course of time, modifications may have been made in these instructions but the fact still remains that these basic instructions were passed on from one generation to the next so that the information it carries may serve succeeding generations.

Critically evaluate both the ontological and epistemological Essay

Critically evaluate both the ontological and epistemological assumptions which underpin one of the philosophical traditions disc - Essay Example The paper closes with a snippet review of the criticisms to the theory and possible reactions to these criticisms. Ontology defines the nature of something while epistemology defines the knowledge of something. The epistemological basis of postmodernism demonstrated in this paper is evolutionary. One of the ontological standing of postmodernism elucidated in this paper is social constructivist. This ontological standing moves that the status of entities depends on their involvement or lack of involvement in discourse. It holds that it is only entities constructed or produced through discourse that are real (Baldwin et. al. 2004, p.31). Postmodernism also uses a realistic ontology that uses two realms; discursive and extra-discursive realms. Here, postmodernism postulates that entities can exist in either realm with respect to its relationship with discourse. According to this ontological standing, all entities start from the extra-discursive realism before moving into the discursive realm. The transition into discursive realm occurs when an entity becomes the subject of discourse. In the extra-discursive realism, entities exist as existents and changes into beings when they get into the discursive realm (Crowther & Green 2004, p. 44). Postmodernism believes that identifying an entity is equivalent to changing it from existent to being. It follows that nothing that can be said about existents until they get into the discursive realm. The following sections evaluate these ontological and epistemological assumptions of postmodernism, more so, in organizational studies. Post-modernity is an object of both scorn and celebration in both cultural colloquial speech and intellectual discourses. Its repeated usage and persistent controversies have made it take up several forms. The ambiguity that surrounds the term emanates from people’s diverse usage of the term so as to suite their intention. Typically, though, it denotes the historical period that succeeds mode rnity. Modernity describes the period between the sixteenth and mid twentieth century (Aritz & Walker 2012, p. 41). It emerged from the death of medieval ignorance and superstition, and the rise of reason and truth. There are a number of elements that characterize modernity. Commentators of postmodernism differ on the basis of their favored side of the proponents of postmodernism. There are postmodernists who welcome and affirm change, albeit there have been critics who observed that the appropriation of this stance is questionable. Other postmodernists are skeptical about change and seek to see the change that challenges modern rationality (Crowther & Green 2004, p.45). Clearly, it is not plausible to dichotomize modernism and postmodernism. Rather, it is apt to appreciate their co-existence in a constitutive relationship that is mutual. The two need each other so as to come out as coherent and distinct. Postmodernism reshapes almost all aspects of life including, work, social rela tions, politics, communication, education and warfare. The transition period between the twentieth and the twenty first century saw the emergence of several developments. Industrial capitalism declined and gave way to a global information-age economy. This came with an inexorable expansion and consolidation of markets. There were also innovations that resulted from telecommunication technologies and computing. These innovations improved the exploitation of temporary opportunities

Role of Special Interest Groups Paper Essay Example | Topics and Well Written Essays - 1250 words

Role of Special Interest Groups Paper - Essay Example Death penalty is such a big issue that has for a very long time affected formation of policies of most governments because Human Rights Activists are ever against this law because it at times is applied on innocent victims. In 1967 for instance, there were lots of cases revolving around crime in the U.S., which recorded a 16% increase. From this perspective, policies had to be formed to curb the rise in insecurity and for that reason; death penalty was the best option. However, most Human Right Activists still argue that death penalty is no deterrent to crime. While the policy can in one way or the other be an effective tool in reducing crime, there have been frequent complains that prosecutors pass judgment basing on race. Race has been a â€Å"mutant pest† in the U.S., whose eradication remains an uphill task. The U.S. signed three treaties to ensure justice is not administered on racial bias. The U.N. Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment was adopted by the U.N. General Assembly in 1984, International Covenant on Civil and Political Rights (ICCPR) that deters anyone from unconstitutional application of death penalty, and the International Con vention on the Elimination of All Forms of racial Discrimination, which requires administration of justice in accordance to human rights and not on the basis of race. However, in 1992, the Inter-American Commission on Human Rights noticed that the U.S. had breached the treaties when it executed William Andrews in Utah, which indicates that there is racial discrimination in administration of justice. Most empirical research findings indicate that 90% of decisions made in the U.S. judicial system have geared influence by racial disparities (Dieter, 2012 p.27). The U.S. government should consider acting quickly on matters pertaining racial

Fashion Promotion - Dior Essay Example | Topics and Well Written Essays - 3500 words

Fashion Promotion - Dior - Essay Example The paper "Fashion Promotion" analyzes the channels and ways that brands, such as Dior, use in their promotion. The existing communication channels used by Dior have been thoroughly studied and also additional recommendation to improve the existing channels and introduce newer ways has also been included in the study. It was found that Dior is very restrictive in selecting its communication channels, so as to maintain the luxurious brand image of the company. Conservative communication channels are utilised by all the luxury product companies, but Dior could utilise a few other channels too to increase its brand recognition without hampering its highly sophisticated and luxurious brand image. Dior is a luxury retail brand based in France. The company is named after the founder of the company Christian Dior. Dior mainly deals in clothing, accessories, perfumes, beauty products and also timepieces. Nowadays, women buy perfume according their personality, so Christian Dior also makes pe rfumes to suit the different personality traits of women around the world. The company mainly targets a niche customer group, such as people from the wealthy class and also the high income groups. Since the global recession or economic depression does not really affect the purchasing power of luxury consumers, so Dior has not felt the sharp punch of economic slowdown. The strategy of the company is to focus on their product range and infuse creativity and innovation, for offering luxury goods to the customers. The brand generates about 13 percent of its revenue from Perfume and cosmetic segment, as stated in figure 1. In this study we would be focusing on the perfumes segment of Christian Dior. Figure 1 Source: (Christian Dior Group, 2012). Dior Story As we already know Dior is named after the famous fashion designer, Christian Dior, who introduced a new trend of fashion in Europe. He focused on the curvy shape of a female figure and designed his dresses accordingly. Christian Dior had worked under several famous fashion designers and in famous fashion houses before floating his own fashion house. Dior started as a fashion house which focused mainly on clothing for women and also men. The new fashion trend was a major hit in Europe and women in Europe liked and accepted the new trend with open arms. The company then launched its first fragrance under its subsidiary company Parfums Dior in the year 1947. It was named as Miss Dior, after the name of Christian Dior’s sister Catherine. Christian Dior passed away in 1957, but the brand name Dior has become famous around the world. Dior has become a synonym for luxury, elegance, beauty, fashion, and beautiful fragrance. It is one of the oldest perfume houses in the world and has about 135 fragrance base. Dior perfumes are made using these fragrance bases. Christian Dior’s revenue tripled since 1998. The company was bought by Louis Vuitton Moet Hennessy (LVMH) Group in the year 1987. Since then the LVMH group

Mathematics learning Theories 02 Essay Example | Topics and Well Written Essays - 1000 words

Mathematics learning Theories 02 - Essay Example Behaviorism Theory in learning considers observation on behaviors of students. Learning takes place when there is an increase in behaviors considered positive and reduction in behaviors considered negative. The theory compares mind to muscle and that they both benefits from exercise (Schoenfeld, 2013). In this theory, learning results from direct interaction with the environment. The theory uses rewards as reinforcements for good behavior and punishment for those having undesired behaviors. Cognitive learning theory explains how a person perceives information from the environment to the cognitive part of the brain. Cognitive theory considers the ability of human to be conscious of their thoughts. The information modifies the cognitive part in the brain to meet the environmental demands (Hoyles & Lagrange, 2010). The theory looks at the thinking and cognitive development depending on ages. As a child grows, the cognitive development also occurs through equilibration and understanding of concepts. In equilibration process, an individual balance both the ability to assimilate and accommodate new information. In constructivism theory of learning, the students or personal understanding of a concept that is independent of the other. In this mode of learning, a teacher does not lecture or transfer mathematical knowledge but provide students with situations to make mental constructions on their own (Instructional design, 2015). The constructivism theory encourages dialog in learning between students and teachers. How individuals acquire knowledge becomes the focus in this theory. It purports that challenges and questions lead to acquiring knowledge in learning mathematics through engagement in problem solving and the environment. The aim of this theory is to improve teaching and learning in classes through engagement of both students and teachers. This theory model faces challenge in creating situations that support students’ explanation while at the

Deborah Tannens But What Do You Mean Essay Example | Topics and Well Written Essays - 500 words

Deborah Tannens But What Do You Mean - Essay Example I agree with Tannen’s stance on criticism. Women’s softened criticism originates in their delicate nature. Tannen rightly attributes it to their emphasis upon feelings rather than ego. Women talk to others the way they would like themselves to be talked to. On the other hand, men are straight-forward. Being rough and tough, they expect others to be rough and tough as well. They don’t realize when they are being too tough to the women because they are not women themselves. It’s just that they have never been able to feel how a woman feels when she is being talked to in a straight-forward and critical manner. I also agree to Tannen as she analyzes women’s feelings when they don’t get the same level of formality or politeness that they treat men with. I agree that quite often, women keep thanking others for â€Å"nothing†. Although a man might be trying to be gentle while responding to a woman manager’s thankyou with welcome, yet a woman may not understand that he was trying to play his part on the scale of politeness because his performance was just not up to the mark! I agree that men are stronger at arguing than women because this is what they do all the time. Although women also keep arguing among their community in their little capacity, yet their capacity does not measure equal to that of men. One reason for this may be that men fight over more crucial matters than women and are more often held accountable for their acts than women, though I disagree that women are not taken seriously if they don’t argue enough. I agree that women are more generous and eager in giving feedback while men are more reluctant and critical. What women take very seriously is an ordinary thing to men. Again, it’s the delicacy of women’s nature and the roughness of men’s that is playing a role here! The fact that men tend to bring solution to women for the problems they raise with the intention of

Ethical Issues of British Petroleum Oil Spill Term Paper

Ethical Issues of British Petroleum Oil Spill - Term Paper Example Its Exploration and Production’s activities falls under three key areas. The first is upstream activities which include oil and natural gas exploration, field development and production. The second is Midstream activities which include pipeline, transportation and processing activities related to its upstream activities (BP PLC (BP), 2011). The third is marketing and trading activities which include the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs) (BP PLC (BP), 2011). Refining and Marketing activities include the supply and trading, refining, manufacturing, marketing and transportation of crude oil, petroleum and petrochemicals products (BPPLCBP), 2011). History The history of the company starts in 1908 when oil found in a rugged part of Persia after a long and difficult search. It was Mr D’Arcy who financed the oil exploration. Mr Reynolds was the explorer. The discovery was due to the p atience of Reynolds. By the early morning of 26 May 1908, the drill reached 1,180 feet and a fountain of oil spewed out into the dawn sky ( BP at a Glance, 2010). Within one year, the Anglo-Persian Oil Company, which would one day become BP, was in business ( BP at a Glance, 2010). ... After the war, the nationalists throughout the Middle East angrily questioned Western companies’ right to profit from Middle Eastern resources ( BP at a Glance, 2010). Anti-British sentiment also increased. The agreement between the former Shah of Persia and William D’Arcy expired in 1954, and the director board changed the company’s name to The British Petroleum Company ( BP at a Glance, 2010). Later unexpected changes took place in the Middle East. Ghaddafi and other Middle Eastern countries declared that they will nationalise energy companies in ten years. So, by 1983, BP’s oil supply from Middle East was reduced from 80% to meagre 10%. Fortunately BP had discovered major oil fields in other parts of the world, including Prudhoe Bay in Alaska and the Forties field off the coast of Scotland ( BP at a Glance, 2010). In 1987 BP bought Standard Oil of Ohio (Sohio) incorporating it into a new national business, BP America. That same year the British governme nt sold the last of the shares it held in BP ( BP at a Glance, 2010). With major, long-term projects in Russia, the Gulf of Mexico, North America, Azerbaijan, Indonesia and elsewhere, BP had a lot of oil and gas (BP at a Glance, 2010). Mission The mission of BP is to help the world meet the growing demand for heat, light and transportation. This is achieved by finding efficient and cleaner ways to produce energy that’s affordable and safe. To meet that goal, BP is progressive, responsible, innovative and performance driven (Our culture and values , 2011) Ethics Background The BP has a code of conduct. The company says that it is part of the ethics program and is supported by the directors and senior

Evidence Based Medicine in General Practice Essay

Evidence Based Medicine in General Practice - Essay Example As the report declares EBM endeavors to illuminate those elements of medical practice that are in principle subject to scientific methods and put these methodological functions to enhance eminent forecast of upshots in medical healing, even as discussion about which results are enviable persists. This discussion stresses that a clerical anthropological line of attack was employed to analyze inter-reliance with reference to the healthcare teamwork. This line of attack is embedded on the function of ethnographic fieldwork by means of participant observation. Corporations are conceptualized as a civilizing phenomenon with their own edifying principles and models that stipulate the traits of workers. Ethnography approach has been widely employed in health management reviews. It is viewed as a way of accessing beliefs and traditions enhancing these to be conceived in the context in which they occur and aiding the understanding of traits of actors. The opinion polls were conducted for a period of 6 months with 30 interrogations involving doctors as well as nurses that are group participants in hospice sections; this include functional rooms, intensive care units as well as ward areas in a colossal teaching hospice in Australia. Precise cataloguing was employed. Scholars employed se mi-configured opinion polls and contestant inspection. Those that were interviewed consist of surgeons, anaesthetists, nurse overseers, and foster clinicians. (Jassawalla, A.R., Sashittal, H.C, 1999). Methodology Methodology is the selection of the variety and type of data and information to gather, method of analyzing the data and information and the target group or audience from the data is to be gathered. There are various types of methodologies that can be used for the data collection, collation and compilation of the research. The importance of methodology in an approach to acquire relative data in regard evidence based medicine from the general practitioners point of view. The hypothesis revolving around any topic can be better analysed through the data on which it is built. There cannot be any investigation without hypothesis. Hypothesis defines the aims and objectives of an investigation and leads to the development of sound methodology. Phenomenology is one of the methodologies used in philosophical research which was first used by mathematician Edmund Husserl. The core of this methodology includes use of reflective techniques of 'bracketing' and 'reduction' to unveil the data which is actually required by the researchers. A wide range of literature analysis offered the hypothetical construction against which the examination stretched out. Since this review is beyond being innovative, it is however, not probable to establish a direct comparison that flanks the results and the findings carried from preceding lessons, (Wadland WC, Barry et al 1999). Whereas there are copious studies that feature obstruction to engaging with the EBM replica of concern, there exist incongruity in their approaches and interpretative line is oriented on borderline arguments as barricades that trounce; treatment discrepancy at the bottom line if often the

Fly Fishing and Spin Fishing Essay Example for Free

Fly Fishing and Spin Fishing Essay Fly Fishing and Spin Fishing are fishing methods used by hobbyist to catch fish. Both types are considered as Angling. Angling is a type of fishing that uses angles or a hook. Anglers are considered as fishers who have intent on releasing their catch in the water. According to Central Fisheries Board of Ireland (2007), the waters were anglers fish have the rule where catch and release rule are enforced. II. Difference of Fly Fishing and Spin Fishing There are several differences that can be seen between both methods. Fly fishing is a method where artificial flies are used and attached to the hook to imitate naturally occurring food. These artificial flies are tied out of materials such as fur and feather. Spin Fishing is a method where a spin fishing tackle is used to catch fish. a. Rods and Fishing Lines Used According to Flyfishingbasics. com (2007), rods that are used for fly-fishing is generally light and the lines are heavy. The lines are heavy because these provide the weight and momentum for casting. On the other hand, Fishsa.com (2007) explains that the rod for spin-fishing is used as a lever to fling the weight of the lure. Comparing both methods, the fly fishing method uses the weight of the line to carry the fly to the fish while the spin fishing uses the weight of the lure to pull the line out of the reel. Casting method for flyfishing is harder as compared to spinfishing according to flysa. com (2007). b. Fishing Equipment Fly Fishing uses a fly rod, a reel and a line. The baits that the fly fishing angler uses are artificial flies. These flies depends on the user of the rod. There are different types of flies. These are streamers, dry flies, wet flies and poppers. Streamers are long and skinny and these flies sink and looks like a baitfish. Dry Flies are flies that float. Wet Flies are flies that sink and lastly, poppers are floating flies that are made out of cork. These flies can be bought from the fishing stores or they can be made using fly tying techniques. Fly Tying is considered as another different type of hobby that is used to make artificial flies. Differentiating spin fishing, this method also has a rod and a reel, however, this method uses live lures. The lures that an angler uses depends on the type of fish that the angler wants to catch. Worms and Insect Larva is used to catch bluegill or sunfish. Worms, nightcrawlers, and stinkbaits are used for Catfish. Minnows and worms are for Crappie. Minnows and nightcrawlers are for Bass. Worms, corn and doughballs are for carp and lastly the trouts are catched using worms and minnows. c. Economic Value Evaluating both methods, Fly fishing is a more expensive method than Spin Fishing. According to Flyfishingbasics. com (2007), a fly rod, reel and line combo costs at around $60 to $120 and flies costs at around $1 to $5 per piece. Spin fishing rod and Reel costs at around $10 to $20 and baits costs at around $1 to $3 per dozen and the prepared baits are from $1. 50 to $4. 50 per dozen. As a conclusion, it seems that spin fishing is more practical as compared to the fly-fishing. Since casting is easier to learn for spin fishing and the baits used for spin fishing is much cheaper than the fly-fishing. It is therefore easier to recommend spin fishing for beginners because it is easier to learn. REFERENCES Central Fisheries Board, 2000. Catch and Release for Atlantic Salmon. Retrieved last October 31, 2007 from Central Fisheries Board of Ireland. Website: http://www. cfb. ie/fishing_in_ireland/CatchandRelease. htm Fly Fishing Basics. 2003. Fly Fishing. Retrieved last October 31, 2007. From Fly Fishing Basics. com. Website: http://www. flyfishingbasics. com/casting. html# Fish South Australia. 1996. Spin Fishing. Retrieved last October 31, 2007 From FishSA. com. Website: http://www. fishsa. com/spinfsng. php

Export data into external source (m3) Essay Example for Free

Export data into external source (m3) Essay Explain the Impact of Organisational Policies on the Troubleshooting and Repair Process (P1) Referring to the policies related to the College’s network. Produce an audio recording for the Network manager to explain the impact of their organisational policies on the troubleshooting and repair process. Introduction In this documents, I am going to be explaining the impact of organisational policies on the troubleshooting and repair process, I am going to be talking about the organisational policies, such as considerations e.g. security, costs, systems downtime, disruption, resource allocation, prioritisation, contractual requirements, trend analysis, escalation procedures, documentation, reporting, contractual legal issues. Organisational Policies An organisational policy is expected to do many things. Primarily it should protect people and information, as well as set the rules for expected behaviour by users, system administrators, management and security personnel. It should also authorise relevant personnel to monitor, probe, investigate, define and authorise the consequences of violations, in addition to defining the company’s baseline stance on security. This can help minimise risk and help track compliance with appropriate regulations. Security This policy is mainly responsible for making sure that all the security detail such as password and user accounts are secure so you have to make sure that you are the only person that uses the account. IT systems Acceptable usage policy requires from users to log off the computer as inappropriate people could get the access to the data that they shouldn’t. The user also shouldn’t install the unauthorized software as this could lead to the issues such as making the equipment unusable by affecting it performance. The users also have to make sure that the equipment is secure during the use of it and after. The users within college are not allowed to connect they own device to the college network if they don’t get authorization from the IT Manager. Costs In term of costs the members of the staff has to make sure that they examine all the purchasing and introduce the environmental criteria to make sure that the equipment meets all the requirements and condition. They are also required to research on the equipment that they are purchasing to make sure that there is no alternatives with are better or cheaper. They also have to encourage the use of recycled paper to make sure that people don’t use it in inappropriate reasons that are not associated with the course as they are spending the college money. If the potential user with in this case is the student brake the equipment the staff have to make sure that it was reported and the person that did it will have to pay back the money for it. Systems Downtime System downtime is usually affected by many issues but they all can be prevented if the right procedures have been taken and the staffs fallow all the legislations. In this case people have to make sure that they have the right equipment for example server. They also should make regular backups so student and teachers work don’t get lost. The regular maintainer should be taken at the end of each week. System downtime could cause a lot of damage as if the system would be down user wouldn’t be able to perform they daily routine. Disruption Disruption is when something unexpected happened and person responsible for that area is not preparing for it. Organization such as College should have plan for everything so in case that something happen they have solution to repair it and prevents it from happening. For example if users lose they work organization should back them up. In order to back the files up they would have to be prepare for this to happen. Resource Allocation All the resources should be right allocated. This mean that there shouldn’t be too much of resources for one place for example you cannot add too much of the paper for the printer as the printer could damage the paper if there are too many resources than it should be the company could lose a lot of money as they might spend money on the unimportant resources. Resources should be well balanced so if the resources are not needed they shouldn’t been used. Prioritisation The company should prioritize some of the aspect when performing repair as they might be more important and they should be repaired first. For example if network is down and at the same time printer is not working. The person that perform repair should concentrate on repairing network instead of printer as without network printer would be useless. Contractual Requirements In a company, the support team staff would be required to work shifts that will provide coverage for the employees when the offices are officially opened, they will also need to provide extra time in the evening and weekends, where they will carry out the essential maintenance which may have to involve some downtime. The hours that an employee will have to work will be set out for them in what is called an employment contract. They will be limited by the EU legislation and some other regulations such as working time regulations, which will provide the basic right and protections such as: A worker can be required to work at most an average of 48 hours a week (though workers can choose to work more if they want to). For night workers there is a limit of an average of 8 hours worked in 24. Night workers are entitled to receive free health assessments. All staff are entitled to 11 hours of rest a day and to one day off each week. When the working day is longer than 6 hours, workers must have an in-work rest break. Workers are entitled to 4 weeks of paid leave per year. These protections may or may not be in place. You should check your contract to find out any special conditions of service before signing. Trend Analysis The records that are kept of incidents and how these are dealt with can provide useful data how successfully the support team are running, so an organisational policy will decide the frequency of analysis and of data and exactly what type of data has to be recorded by the IT supporting team. Trends can then be identified which will then help with the formulation of the plans to provide better and more reliable hardware and software package, it may then also be used to target a form of training for the users who will need them the most. Trend analysis can then also be used to re-allocate budgets and resources to identify the hotspots. Escalation Procedures An escalation process in different support establishments vary depending on the type of service that they have. In a technical support group, this involves setting up thresholds for certain issues to be addressed at certain levels. Typically it is a tiered setup. For example, Tier 1 can handle issues that can be easily resolved by just a phone call and when the Tier1 representative feels that the issue cannot be resolved at his level (if for example the problem cannot be resolved by their team alone and needs to be addressed by other support teams/departments with higher level of authority) it is then escalated or moved to the next higher team. This way the issues are segregated depending on their severity and type of resolution. Documentation The procedures of documentation vary from one sector, or one type, to another. In general, these may involve document drafting, formatting, submitting, reviewing, approving, distributing, reposting and tracking, etc., and are convened by associated SOPs in a regulatory industry. Since a key step in the process management journey is the documentation of current processes and any exceptions to those processes, this article explores how to create a template for your process documentation guide. A template makes the process of documenting your processes repeatable. Repeatable is the word to remember here primary aspects of a process documentation guide should be easily duplicated and reused to create additional guides after the first process has been documented. This repeatability feature makes it less painful to create your documentation as you move through all the processes in an organization. It also provides readers with a common format to follow as they research or review processes within your organization. Reporting Reporting may seem like a simple exercise in transparency but it is more than that. In fact, it gives management an additional opportunity for improvement, through readers’ reactions, criticisms and suggestions. Considering stakeholder views also helps to shape strategy, goals and objectives. All the inputs from direct stakeholders should be carefully reviewed as part of a management learning process to adapt and fine-tune the company’s sustainable development objectives. Contractual Legal Issues Regardless of whether you use an agency or not, you will require some  knowledge of contract law and the ability to negotiate a suitable agreement. IR35 should be at the forefront of your mind throughout this process if you are to keep as much as possible of your pay packet out of the clutches of the taxman. On the most basic level, any agreement reached with a client must make clear that you are a contractor and not an employee. This distinction should be clear in both the contract and your modus operandi. Primarily, your contract should define exactly what you are agreeing to do for the client. In contrast to an employee, whose work may not be defined at all in the contract, you must make sure that the document clearly lays out the service or services that you are to provide. Conclusion So in conclusion, this document has been explaining the impact of organisational policies on the troubleshooting and repair process, I am going to be talking about the organisational policies, such as considerations e.g. security, costs, systems downtime, disruption, resource allocation, prioritisation, contractual requirements, trend analysis, escalation procedures, documentation, reporting, contractual legal issues. Hopefully, this would help an organisation in the process of troubleshooting and repair.

Nasopalatine Duct Cyst (NPDCs) Case Study

Nasopalatine Duct Cyst (NPDCs) Case Study Abstract Incisive canal cyst or Nasopalatine duct cysts (NPDCs) are the most common non-odontogenic cysts of the maxilla. These developmental NPDC are usually asymptomatic and are discovered during routine radiological examination done for some other diagnosis. A cone-beam computed tomography (CBCT) is a valuable tool to localize a cyst within the nasopalatine canal. CBCT enables analysis of the dimension of the NPDC, analysis of the involvement of neighboring anatomical structures and assists in treatment planning. Histopathology shows non-keratinized epithelium with pseudostratification, ciliation with neuro-vascular bundle in the capsular wall. Surgical approach with enucleation of the cyst is the treatment of choice. Since these lesions show diagnostic dilemma in clinical and radiological study, the definitive diagnosis is made by histopathology. Our case report shows nasopalatine duct cyst in a 27 year old male patient along with brief literature review. Keywords: Nasopalatine duct cyst, Non-odontogenic , Trauma, Anterior maxilla. INTRODUCTION Various synonyms were used previously in the literature for NPDC as cystis canalis nasopalatini, cystis canalis incisive, is the most common non-odontogenic cyst occurring in the oral cavity. Most common site will be midline palate around the incisive foramen from debris of nasopalatine duct’s epithelium. It was first described by Meyer in 1914, in the past, known as the fissured cyst, now according to the WHO classification it is defined as a non-odontogenic, developmental, epithelial cyst of maxilla. In most of cases, it develops in the midline of the palate near the incisive foramen.1  During fetal development the duct gradually narrows until one or two central clefts are finally formed on the midline of the upper maxilla. The nasopalatine neurovascular bundle is located within the duct, and emerges from its intrabony trajectory through the nasopalatine foramen.2 Etiology is still debatable, as some say it may arise from a vestigial organ (nasal-vomer Jacobson organ) present in some inferior mammals. Various triggering factors for cyst development are infection (38 %), trauma (16 %), minor salivary mucus retention, inflammatory stimulus resulting in the abnormal growth of the remnant cells, derived from the fusion of the primary palatal of the first branchial arch. It is a developmental cyst.3 The case report here was in a dilemma whether it was a residual cyst or incisive canal cyst. Many nasopalatine duct cyst were diagnosed during routine periapical or occlusal radiographs.4 The definite diagnosis of the cyst should be basedon clinical, radiological and histopathologic findings. Hence, we report a case of nasopalatine duct cyst in a 33year old male patient, along with a review of literature. CASE REPORT A 27 years old male patient reported in the Department with the chief complaint of swelling in the upper front tooth region since 3 months. Pain was insidious in onset with swelling gradually increased to the present size. Patient gave the history of trauma with extraction of his upper front tooth 3 months back. Extraorally there was no abnormality and no lymphadenopathy detected. Intraoral examination revealed a swelling in the incisive papilla region. Swelling was measuring 1.5 cm x 1.5 cm in the midline of the hard palate and extended posteriorly to the mesial aspect of upper canine. CBCT of the maxilla was advised. Axial, sagittal and coronal sections were obtained; lateral sections along the arch and buccolingual sections were made and assessed to make the following report: CBCT of maxilla showed missing 11, 21 and a radiolucent lesion in anteriormaxilla. A well-defined unilocular radiolucent lesion seen in the anterior maxilla in11, 21, region.(Fig 1). The lesion extends from the incisive canal opening to the floor of nasal fossa superoinferiorly, from labial to palatal cortical plate labiopalatally and from 12 to 22 regions. (Fig 2) The lesion is roughly oval in shape, measures about 13 mms mesiodistally, 13 mms supero-inferiorly, 12 mms laterally. The lesion is bordered by very thin sclerotic margin except for few areas. The lesion is uniformly radiolu cent within, has caused expansion, thinning and perforation of labial cortical plate in particular, also caused perforation of the floor of nasal fossa. On the basis of clinical and radiographic evidence of incisive canal cyst was made. It was decided to enucleate the cyst under general anesthesia. Prior to surgery all preliminary investigations were done and results were within normal range. Cyst was enucleated (Fig 3,4) and specimen was sent for histopathological examination for the confirmation of provisional diagnosis. Microscopic examination revealed non keratinized stratified squamous epithelium of variable thickness with moderate inflammatory infiltrate in the connective tissue wall with few areas of pseudostratified epithelium. Capsular wall shows endothelial lined capillaries, muscular arteries, nerve fiber bundles/neurovascular bundles are seen in the connective tissue wall with areas of hemorrhage and peripheral vital bone is seen.(Fig 5,6) These histological features, in conjunction with the site of the lesion, suggested incisive canal cyst. DISCUSSION Usually it is difficult to distinguish normal incisive canal and foramen from small NPDC which is associated with vital tooth. It is more difficult when it is associated with non-vital tooth to differentiate from radicular cyst and existing NPDC. Some clinicians follow the thumb rule that radiolucency of the incisive canal measuring less than 0.6 cm in diameter should not be considered cystic in the absence of other symptoms.5 The exact etiology of NPDC is of uncertain origin but idiopathic or secondary to trauma, bacterial infections, or mucous retention has been shown with peak incidence between the fifth and the sixth decades of life. NPDC is the most common non-odontogenic cyst of the gnathic bones, representing up to 1% of all maxillary cysts. Etiology of present case is idiopathic with no history of trauma or infections. NPDC has high predilection for male which is synchronizing with our case. NPDC mainly manifest during fourth to sixth decades of life, but our patient was 27 years old and very few cases have been reported in the third decade of life.6 As far as pathogenesis concerned, it was previously thought that the NPDCs originated from the trapping of epithelium during fusion of the embryological processes. This concept has been discarded, and currently NPDC is thought to develop from the epithelial remnants of the nasopalatine ducts present within the incisive canals (canals of Stenson).7 Patients may be asymptomatic, with the lesion being detected on routine radiographs, however many will present with one or more symptoms. Complaints are often found to be associated with an infection of a previously asymptomatic nasopalatine duct cysts and consist primarily of swelling, drainage and pain.8 Our patient was presented with swelling on the midline of the palate without pain or drainage. The mean size of the NPDC variesfrom 6 to 17 mm,9 whereas our case showed a swelling that is 1.5 Ãâ€" 1.5mm. Even though definitive diagnosis of a nasopalatine cyst is more easily made on plain film so the advanced imaging modalities such as computed tomography and magnetic resonance imaging are being used to differentiate this entity from other lesions.5 Radiographically, NPDC are wellà ¢Ã¢â€š ¬Ã¢â‚¬Ëœcircumscribed round, ovoid or heart-shaped radiolucency in the anterior maxilla.10 The radiographic diameter of our case was 13 Ãâ€" 13 mm. The differential diagnosis should concern the supernumerary tooth appearing in this area- the mesiodens in the follicular cyst and also it should concern the primary cyst, the giant-cell granuloma, the ostitis with the palatal fistula and also naso-palatine and palatal-sinus connections.2 Histologically, the type of cystic epithelium varies according to the location involved (palatine, nasal, or intermediate). A squamous cell epithelium is almost always observed, although ciliary respiratory epithelium can be seen when the lesion is located higher up or nasally. Some cases rarely show the combination of squamous cell epithelium with ciliary respiratory epithelium as seen in the present case suggesting intermediate to palatal and nasal epithelial origin.7 Surgical enucleation was considered as the choice of treatment. The present case had typical clinical, radiographic, and histopathological features of a nasopalatine duct cyst. CONCLUSION Nasopalatine duct cysts occur in approximately 1% of the population with mean age of 42.5 years. The lesions may be asymptomatic or may manifest as swelling, pain, and drainage from the hard palate. A well-circumscribed, round, ovoid or heart-shaped radiolucency is seen on radiograph. Cone-beam computed tomography easily visualizes the radio-transparency on the midline, with well-defined sclerotic margins, and informs of the exact location of the lesion. In addition, it facilitates planning of the best surgical approach.

managing global Essay examples -- essays research papers

Assignment 1 Managing from a global perspective requires managers to pay close attention to factors in the external environment, which may affect an organisation's success. It may be, however, that factors in the internal environment will also influence success in a global environment. It is important for global managers to be familiar with the factors of the external environment and pay close attention to the management of the internal environment because factors from both the internal and external environments will most certainly influence the success of an organisation. Most importantly, managers may need to strategically optimise the internal environment for the specific properties of the external environment in which they operate. The performance of an organisation may not be exceptional unless management of the internal environment, or the conditions existing within the organisation, is fully optimized for the external environment. As a global manager, paying close attention to the external environment is a prerequisite. The external environment is the different forces outside the organisation able to impact on the success of the organisation. The external environment in new and different countries may have elusive properties such as technology, social systems, politics, currency, and tax which the global manager need to consider and analyse. External forces such as the social and political systems are of particular importance as they are the ones most likely to influence an organisation's success. Therefore these are the main factors to which managers should pay close attention so as to "understand the constraints under which they operate and the opportunities that exist" (Robbins, Bergman, Stagg, Coulter, 2000, 141). By studying the specific political and social systems of a particular external environment managers can use their understanding of these systems to their advantage and develop exception al strategies based on their understanding. For instance, in some countries such as the Peoples Republic of China, one must be willing to 'open the back door if the front one is closed', in other words, managers need to understand the "importance of guanxi (connections) in doing business in China"(Robbins et al). Managers working from a global perspective not only need to know the different laws, tradi... ...ically integrated management decisions, especially when undertaking operations in new and different environments. The rapid spreading of telecommunications technology is a major influence affecting the compatibility of the external environment with the internal environment of an organisation. Through the use of technology in telecommunications and through paying close attention to the external environment, an organisation can operate and function as an open system and as a result the internal environment of the organisation can be optimized for compatibility with the external environment and exceptional organisational performance may be achieved. REFERENCES: Robbins, S. Bergman, R., Stagg, I. And Coulter, M. (2000). Management. 2nd ed., Sydney, Prentice Hall. pp.140-150 Daft, R. L. (2001) Management, 5th ed., Sydney, Dryden press.pp.187-220 Bartol, K., Martin, D., Tein, M. And Matthews, G. (2001). Management: A pacific Rim Focus, Roseville, McGraw-Hill. pp42-63 Davidson, P. And Griffin, R. W. (2000). Management: Australia in a Global Context, Brisbane, John Wiley & Sons. pp. 37-54 Fulop, L. And Linstead, S. (1999). Management: A Critical Text, Melbourne, McMillan. pp. 48-65

Free Beowulf Essays: Shared Values †Then and Now :: Epic Beowulf essays

Beowulf:   Shared Values – Then and Now  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The values and characteristics which were held ideal in the epic Beowulf can still be found in today's culture if one knows where to look.   Gangs have become commonplace almost everywhere in the world. The similarities between modern gangs and tribes of ancient anglo-saxon warriors is quite pronounced. To many gang members being part of the gang is like a status quo. The gang member believes he or she is now part of a larger family. Many would-be gang members look up to gangs as if they are a role-model of some sort, wanting to someday be a part of this elite group who inspires fear in many people. Almost always, gang members believe that they must always be showing just how 'bad' they are. They will stop at almost nothing to outdo a rival gang's outrageous feat or even a friendly gang member's boasting. Law matters very little to these gang members, they make their own laws to follow. Gang member are rarely seen by themselves as they are fearful to travel alone through life's 'wilderness' without the comfort of knowing their friends are there to back them. However, gangs are very visible in packs. When roaming together they walk and talk as if they fear no one and nothing. They want the world to know just how 'bad' they are. When traveling together, no boast is too far-fetched. It doesn't matter whether or not it is true, only that the rest of the world believe it. Gangs are almost always at war with rival gangs. They rarely is ever believe in treaties between one and another but would much rather fight it out to prove which gang is superior. There are no restrictions against weapons and daggers, chains, guns, spikes, and brass knuckles are very common. It is very unlikely for a gang member to not be carrying at least two weapons at all times. Gang members often like to personalize their weapons too. For instance, brass knuckles may have the gang member's initials engraved in them to show possession, or a favorite gun or dagger may be intimately named. Such weapons are often highly valued and if lost will be sought after intensively by the distraught party. Gangs often carry with them superstitions. Perhaps the most prominent one is the fact that many gang members will not go into battle without their favorite weapon.

Renaissance and Reformation Essay -- Changes, Influence, Origin

The European Renaissance was characterized by advancements and new developments in literature, science, religion, politics, and most importantly artwork. It proved to be a reappearance of learning based on classical sources. The renaissance was not as widespread as one would think. Essentially it is described as a time of cultural movements rather than technological advancements. Its time period ranged roughly from the 14th century to the 17th century. There is debate as to how far the movement stretched and exactly how many areas were influenced by the renaissance era. The European Renaissance is thought to have originated in Florence, Italy in the 14th century, and occurred after the Black Death. The Black Death was a disease which affected all of Europe. It caused about a third of the population of Europe to die out. The survivors were devastated at the loss of their loved ones, but they found that they were better off financially and socially, making their way up the social ladder. Specifically in Italy, there was greater social mobility. The upward mobility of individuals around this time allowed them to patronize early artists and rebuild libraries. Some areas were seeing more competitively between workers and their bosses, but the 'new' wealth was spent to display items to reinforce prestige. This allowed citizens to patronise the Renaissance artists. Merchants in regions like Italy saw increases in their wealth from trading, using the same trade routes in which the Black Death was spread. The trade income was further developing by Renaissance developments in commerce, causing the merchants to have more wealth to patronise with. The Renaissance brought on new conceptions of life and ... ...such as Italy and Germany. Italy and Germany's economy went bankrupt, causing an increase of famine and disease to spread throughout the populace. The main effect the Reformation had on Europe was the religious thinkings. The Churches now taught the importance of the individual conscience and gained new purity and strength through counter Reformation. The counter Reformation was created by the Catholic Churches as an answer to the Protestant Reformation. Both the Renaissance and the Reformation helped shape all countries today. The Renaissance helped people focus more about the individual person rather than the social class in which they were born. The Reformation was a building block to more forms of Christianity that are still taught today, such as Protestantism. If we had not had either of them, our religion, politic, and even our writing would be different.

Economic Course Work Essay

The market demand (red line) for oil is highly inelastic, and a large change in price only has a small impact on demand for oil. In essence, you will not drive twice as fast because oil is cheaper, nor can you easily switch from using one type of fuel to another(petrol to diesel) just because its price has changed to be cheaper. The supply of oil is relatively inelastic. This is because investment in the production facilities leads to an increase in supply, but the cost of pumping out the oil is relatively the same (Hillier, 2005). It will cost an oil production facility roughly the same amount to produce at half or full capacity. Maintenance and repairs will only be done if the price of oil is high. In essence, we can say that a small change in the demand and supply curve causes a larger change in the clearing price of oil in Russia. As the cost if oil goes up, the Bus fares will increase as transporters will try to recover the remaining cost from the passenger, thus reducing the demand for buses. This in turn will lead to passengers demanding more of the train services which are not affected by the rise in oil price, thus the shift in the demand curve to the right. Indicating a demand for trains. During world the demand for oil was low, thus the downward shift of the demand curve from D1 to D2. This was a result of consumers looking for alternative sources of fuel energy, since the price for oil was high. Also during the recess, due to the recession, the price of oil went up, thus the upward shift of the supply curve from S1 to S2. The high prices led to more production, thus more supply to capitalize on the prevailing high market prices of oil. iv) Use a demand and supply diagram to show what happens to oil prices when the UK adopts energy efficiency measures and invests in wind and solar energy There will be less demand for oil from the British as they will look for alternative means for energy, thus the downward shift of the demand curve from D1 to D2. Thus further development in alternative energy resources means that there is spread of technology thus the equivalent point shifts to the left. v) What happens to oil prices if high economic growth continues in India and China. India and china are following the traditional economic growth path which requires huge oil production and use. Since the national resources are limited, large scale of imports are necessary. Larger demands, higher price, higher expectation to prices attracts speculators to buy more of the oil, which creates the bubble, higher prices of oil due to increased demand (Copeland et al, 2005). 2. Use demand and supply analysis consider what factors on the demand side and which on the supply side will influence oil prices over the next few years? (50 marks) Prospects in the world economy. The world populations is increasing daily, signaling an increase in the demand for oil to meet some of the basic life energy needs . It is estimated that the population of India and China will grow by 8. 4% and 10% respectively. This alone is a big market (demand) for oil (Market Avenue, 2008). Thus this will affect the price of oil, as the demand will increase, thus a rise in the price of oil. Technological development. The world oil supply will improve with new technologies being propagated everyday to ensure more but efficient production and distribution of oil to the markets. This will lead to more efficient and environmentally friendly oil facilities that will increase the supply of oil at a global level (Market Avenue, 2008). As a result, the price of oil will go up in proportion to the investments put in place to do the renovations and maintenances of the oil production facilities. Global economic political situation as with Iran nuclear issue, in as much as Iran has high reserves oil and gas, it is has a nuclear development programme that is looking at using nuclear technology as an alternative to oil and gas. This has prompted political debates impasse, and sanctions as regards the future of energy resources in the world. Reports by Market Avenue (2008) shows that this affects the price of oil in the sense that Iran has the second largest oil reservoir, next to Saudi Arabia, and thus have a greater control over how their international relations plays out with the world super powers and the OPEC to regulate the supply and price of oil. According to Biswajit et al (2007), alternatives to oil, there are increasing alternatives to oil as a source of energy. Many other alternatives like, solar, propane, nuclear energy, bio diesel, hydrogen, battery and ethanol. All these are alternatives to oil that have been proven to work. Even though their use is still small scale compared to oil, they are emerging as good alternatives oil use. This affects the future of oil use globally as they tend to be more environmentally friendly and cheaper than oil. 3. Describe the structure of the world motor car industry (25 marks) The first producer of a petrol engine driven car was Karl Benz, 1885 Mannheim Germany. Over the years many inventions and different models of cars have come. These include brand names such as Toyota, Hyundai, Range Rovers, Mercedes Benz, Nissan just to mention a few. Globally there are many producers of cars. For ease of reference they have been ranked by country. In the top ten we have China, Japan, USA, Germany, South Korea, Brazil, India, Spain, France, and Mexico respectively. The top ten brand names include Toyota, General Motors, Volkswagen, Ford, Hyundai, PSA, Honda, Nissan, Fiat and Suzuki. This is relation to the number if volumes of vehicles the produced in 2009. Depending on the regions, various cars manufacturers have a specific share in the markets in which they operate in. Example is that Thailand is today, already the second largest globally, pick-up truck market after the U. S. and is ASEAN’s largest automotive market and assembler. In her report, Global Automobile Industry: Changing with Times , Chithra Gopal R. S. , M. Sc (Agri), says that in Thailand today all leading Japanese car producers as well as BMW, Mercedes Benz, General Motors, Ford, Volvo and Peugeot assemble cars along with their legions of suppliers. The country has become the main production base for auto- mobile exports in South East Asia. One of the biggest foreign producers located in Thailand is Toyota with a production totaling more than 300,000 vehicles a year and the number is having an upward trend. General Motors (GM), although a much smaller player in Thailand than Toyota, is also increasing production. The other big auto companies located in Thailand are Isuzu, Mitsubishi, Nissan, Auto Alliance, Honda etc. In recent years, BMW and Daimler Chrysler (Mercedes-Benz) have also increased their investments to gain complete control on local manufacturing and marketing operations, indicating that the auto mobile industry in Thailand has the structure of perfect competition (Biswajit et al. 2007). References Biswajit, N. , Saikat, B. &Rittwik, C. (2007). Asia-Pacific Research and Training Network on Trade Working Paper Series, No. 37, July 2007. Retrieved on 21 August, 2010. From: http://www. unescap. org/tid/artnet/pub/wp3707. pdf. Case, K. & Fair, R. (1999). Principles of Economics, 5th Ed. New York: Prentice-Hall. Copeland, A. , Wendy, D. & Hall, G. (2005). Prices, Production and Inventories, Over The Automotive Model Year, Working Paper 11257, NBER Hillier, B. (2005). The Macroeconomic Debate. Oxford: Blackwell, pp. 7-85. Market Avenue (2008). Major Factors Affecting World Oil Market in 2008. Retrieved on 21 August, 2010. From: (http://www. marketavenue. cn/upload/articles/ARTICLES_1422. htm Parkin, M. & Bade, R. (1982). Modern Macroeconomics. Indiana University press Philip, A & Fischer, S. 1980. Rational Expectations and Economic Policy. Chicago: University of Chicago Press http://www. tradingtoday. com/26-oil-supply-demand, http://www. eco-action. org/dt/oilfut. html).

Labor, Stocks and Bonds

According to the basic law of demand and supply, increases in the real wage rate or the price of labor must decrease the quantity of labor demanded, as employers find it increasingly expensive to hire more people.   Would increases in the real wage rate, therefore, decrease the productivity of the firm, that is, the number of the outputs that it produces? – Not necessarily. This is where the assumption of diminishing marginal product of labor steps in to save the firm from significantly reducing its supply of outputs.   Marginal product of labor refers to the â€Å"increase in output produced from a given capital stock when an additional worker is employed (â€Å"Marginal Product of Labor†).†Ã‚   On the other hand, diminishing marginal product of labor means that â€Å"each additional labor hour results in less and less extra output (â€Å"Costs of Production†).   This assumption is explained by the popular saying, ‘Too many cooks spoil the broth.’   Thus, the firm does not need to increase its demand for labor beyond a certain number in any case. Stocks and Bonds The dissimilarity between stocks and bonds is explained by the difference between â€Å"owning and lending (â€Å"The Difference Between a Stock and a Bond†).†Ã‚   The purchaser of a stock is a part owner of the company whose stock he has bought.   He gets to vote on the way the company should be run, and enjoy dividends in addition to â€Å"capital appreciation† as a participator in its success (â€Å"The Difference Between a Stock and a Bond†). Of course, he gets to participate in the failures of the company to boot, through lower dividends and stock prices.   The purchaser of a bond, on the contrary, will be paid before the stockholders in the case of company failure.   He has lent money to the company after all.   The company, in turn, promises to repay its loan at a fixed time, with interest.   Even so, the purchaser of the bond does not enjoy extra interest when the company performs exceptionally well (â€Å"The Difference Between a Stock and a Bond†). Works Cited â€Å"Costs of Production.† Ohio State University. 8 Oct. 2007. . â€Å"Marginal Product of Labor.† London South East. 8 Oct. 2007. . â€Å"The Difference Between a Stock and a Bond.† Cash +, Issue 1 (Fall 2006). 8 Oct. 2007. .