Risk managment and insurance Essay Example | Topics and Well Written Essays - 500 words - 1

Risk managment and insurance - Essay Example Lencsis (1997) argues that the promotion of insurance solvency is the most vital goal of insurance regulation. It is of great importance to the regulators since it makes the outcome of insurance transactions certain and predictable. This is because, predictable results are the essence of insurance. As a result, the maintenance and promotion of the solvency of the insurer are at the regulators heart. The other explanation in this respect is that individuals insured are not capable of protecting themselves in respect of insurance transactions. This is due to the fact that insurance is more than a contingent promise that is to be provided in the future. As such, the promise is worth a company standing before it. Typically, a consumer cannot monitor or evaluate the solvency of an insurance company. Furthermore, insurance accounting and actuarial procedures are difficult and complicated, thus requiring a regulator to monitor the solvency of the insurance companies on behalf of the public (Lencsis, 1997). The other importance in respect of solvency regulation is that it ensures that the public is protected in case the insurance company becomes insolvent. Lencsis (1997) notes that the state of insolvency of an insurance company may cause a lot of tribulations and massive losses to the insured entities. Insurance solvency regulation is also of importance to the regulator especially with regard to life insurance, and to some extent property insurance, since they are responsible for sizable amounts of insured savings. Therefore, since the insurers’ operations parallel fiduciary operations, solvency regulation must be regulated for public interest (Lencsis, 1997). The solvency of an insurance company is very important to the regulators as it protects the insured from unscrupulous dealers and insurance companies that may become

Flags of Our Fathers Essay Example for Free

Flags of Our Fathers Essay Context: Flags of our Fathers was a bit of change for Eastwood. The movie is about the famous photograph of the raising of the flag on Iwo Jima by soldiers. Eastwood wanted to show war at its most brutal and that is what he created. Audience: People who like war or action movies and who are interested in war. Mostly for young adults and above. Purpose: The purpose of this film is to entertain the audience. Brief synopsis of text: Flags of our Fathers is about 3 soldiers who raised the U. S. flag on Iwo Jima along with 3 other soldiers who recently died in battle. So the 3 soldiers were taken out of battle and sent back to the U.S. and were classed as heroes because of the most famous image of the raising of the U.S. flag in Iwo Jima and the government made them as heroes to the public to promote selling war bonds. But the 3 soldiers didnt believe they were heroes at all. Ideas relevant to Journeys: In Flags of our Fathers, the 3 men who were taken out of battle and were known as heroes by the public and the government used them to promote war bonds did not regard themselves as heroes. They didnt believe to be heroes but the public did. This shows from the publics imaginative journeys is that they are thinking of how these men, who are known as heroes to survive such a brutal battle and to be in the most famous photograph in U.S. history. The photograph that they show isnt them in the image, they were the soldiers who placed the replacement flag on top of the mountain. But no one knows that. In the first scene or at the beginning of the film, we see a soldier running through a battlefield that has been torn to pieces and keeps hearing a voice. He looks around everywhere to see where this voice is coming from. Then the camera zooms in on the soldiers face and suddenly it was just a dream. The effect of the close-up shot of his face creates a feeling of being involved and the man was afraid of something. We are then taken to a scene where a old age person has woken up to his dream and is sweating and shaking just like if you had a nightmare. This is related to imaginative journeys because the man is having a dream of the past where he was at war. He is remembering and reflecting on the time he was at war and gets woken up by it. In his dream he was afraid, when he woke up from his dream he was sweating and shaking. A dream is a journey through the mind. The lighting of this scene creates a wiry and dark feeling to the viewers who see a lone soldier looking through a torned battlefield hearing a voice in the distance. This is creating suspense through the use of colours and shadows and gets the viewer imagining what is going to happen next. Suddenly we hear a loud sound which was probably a gun been fired and then we are taken to a scene where an old man is woken up. We now notice it was a dream. The man still thinks about upon this day. So the viewers are now imagining what had happened on that day. Was the man wounded or did a person who we couldnt see got shot. We never know until we see what happens in the film. This creates suspense in the audience. Techniques used to present relevant ideas: 1. Use of suspense to keep the audience entertain throughout the film. From the first scene the viewers had no idea it was a dream until they see the old man waking up from that particular dream, sweating and shaking. The scene creates suspense to get the viewers thinking and imagining what is going to happen next which is based on imaginative journeys because the audience is thinking beyond what has happened to the man at that particular time of that dream we saw. 2. The use of lighting in the first scene was very dull and dark. It created a wiry looking scene of a torn battlefield with a lone soldier walking around. We hear voices in the distance which creates more suspense. Dark lighting from this scene can represent an old memory which should have been forgotten at the time the man had the dream. 3. Use of dramatic irony is also used in this film which is something that the audience knows but the characters dont know of. But in this film, its the other way round, the lone soldier in the beginning scene knows what is happening and is afraid but the audience doesnt know whats happening. All we know of is that it was a dream from his past memories. As I said, it creates suspense to keep the audience entertain throughout the film and this is based on imaginative journeys because we have witnessed a scene where is was a dream and a journey through the mind of past memories. Links to set text in terms of ideas and techniques: Flags of our Fathers can be linked with Othello by the use of some of the techniques used in the film such as dramatic irony. In Othello we know that Iago has planned to get Othello thinking that Desdemona is having an affair with Cassio. The audience knows already what is happening but Othello doesnt know that Iago is planning something. From the film, it is the other way round where the lone soldier in the scene knows what is having but the audience is kept in suspense and have to find out later what happens to him from that particular scene which was a journey through the mind or a dream. In Othello the audience is kept in suspense when Iago keeps his plan going well by telling Othello that Desdemona is with Cassio. The audience doesnt know what is going to happen next same as in the scene of the dream in Flags of our Fathers. In the film the audience is kept in suspense from the very first scene where the lone soldier is walking through a torned battlefield and we see he is afraid. Then we are taken to a scene where an old man has woken from this dream. We are then kept in suspense by this scene because the audience wants to know what happens next and they stay and watch the film to see what has happened after he had woken up from his memory of the war. Both Othello and Flags of our Fathers display both suspense and irony to keep their audience entertained and kept in suspense through the use of lighting, irony and imaginative journeys. The audience imagine in their minds what is going to happen next. In mostly all plays and films, everyone in the audience wants to know what will happen next and will stay to watch to see what happens. If there was no suspense or irony, it would be pointless to stay and watch because the audience would know what has happened. Without imagining, we dont know anything. So both of these texts display imaginative journeys.

Theme of Marriage in Pride and Prejudice Essay -- Jane Austen

How is marriage presented in Pride and Prejudice? Marriage is an important theme in the novel ‘‘Pride and Prejudice’’ by Jane Austin and it is portrayed in many different ways. Even the very first line displays this theme, as it says ‘It is a truth universally acknowledged, that a single man in possession of a good fortune must be in want of a wife,’ which is said by the narrator. This is a clever opening as it brings you straight into the main theme of marriage, while also introducing the subtle theme of satire. The irony of the line is that the truth, and the plot of the book, turns out to be a complete reversal of this phrase, with the point being that it is a single woman of little fortune who must be in want of a husband, preferably of good fortune. One way in which marriage is displayed in the book is the way Austin uses the different characters to display all the various views on marriage in her time and then uses this to show her opinion through the characters. For example, Mrs Benne t has, in Austin’s opinion, rather silly views on marriage so her character is shown as a silly person to represent this, and Mr Collins is satirised throughout the book as Austin uses this to display her opinion of his views as well. Mrs Bennet’s attempts to get her daughters married are also satirised throughout the book to create an ironic parody of people’s aims and of the way they lived at the time. Elizabeth is one of the most prominent characters in the novel. She is the character whose views on marriage are the most closely related to Austin’s, so she is portrayed as the most sensible character and, since her views are the most modern, she is also the most modern person in the story. This is because Austin considers her own... ...yed so prominently is in Mr Collins’ proposal but it is present in all her views on marriage, social etiquette and most of society. Marriage is portrayed as many things in his book, as a thing of convenience, a matter of the heart or a tool used to gain status and wealth. The idea that is most commonly shown is that if you act mainly with your heart, not just your head, you will achieve happiness. This is a sweet, if unrealistic, idea. Austin uses many literary tools such as satire and character manipulation to build up or mock the characters, and through them the ideas of marriage. She displays her opinions on status, etiquette, love and connections very well, leaving us in no doubt of her opinion on all aspects, if nothing else. By making us relate to certain characters Austin manipulates our views to match her own and displays marriage as she sees it to be.

Blueprint Professional & Personal Growth Part II Essay

This paper is my analytic theorem to my Blueprint of Professional and Personal Growth from the course â€Å"Dynamic Leadership†. It gives a brief breakdown of my path to achieving my MBA. An executive summary is presented to show how the course educated me in a more systematic way and how it helped me identify my qualities as a leader and my values. Furthermore, in detail is three (3) goals I plan to achieve in my personal and professional development. Executive Summary Throughout this course, Dynamic Leadership has educated me and enlightened me in three aspects – being a leader, a follower and recognizing your personal values. Both leader and follower have a similar notion but with different service to offer – one portrays his dream and plans his mission and the other help to achieve this goal. Each of them have values, principles and ethics they live by whether in their work paradigm or at home. As this course engulfed me with so many different stages, I was able to identify different qualities of leaders and followers, what are their competencies, their different leadership styles and other leadership theories, how followers contribute to achieving the set goals, their weakness and strengths, their passion and purpose, the right timing to a right decision making, how values, principles, ethics and goals intertwine with ones personal and professional lives – individually and eventually to where it clarified profoundly, my Blueprint for Professional & Personal Growth. In general to be precis, Dynamic leadership shown me how to distinguish my leadership style(coercive, authoritative, affiliative, democratic, pacesetting and coaching styles) and projected theories to help me improve my direction as a leader in my organization. I was able to extricate my weaknesses and transform them into strengths. Not only I was able to listen more to my followers – opinions and advices, I was also guiding and sharing my experiences with them, involving them into my goals and boost their motivation. I was authoritative and afraid as I couldn’t trust my staff to delegate and take initiative. But this course has given me insight to better understand how effeicient and effective a leader should be and given the ability to self-manage. I learnt that to be adaptable in leading todays world of business requires strategic sense of personality infliction – meaning flexibility in switching leadership styles with your staff in order to maintain balance and result into productive work and innovation. Likewise, I was able to understand the different competency in followership and how to guide my followers inorder to be effective in their job. Through the interesting stories of successful leaders, my passion did find its purpose by instilling creative ideas, how to lead a diversity of different nationals, globalization, the power of technology merged with business (e-business), adapt to change and have a sight for long term goals. I realized how confusing my goals were, until I took the Personal Value Survey, it enlightened me in details and more clarification how to set my goals smartly, calculating time, recognizing my milestones and how to achieve them. Fascinated by the discussions of different points of views from my peers, made me relish the successful results I gained. Not forgetting few resonating statement, an interview with Kimberly Carter, â€Å"How would I know wether I could be successful at my venture if I didn’t try†¦. A sense of responsibility to encourage others by helping them recognize that they cannot grow unless they realize they don’t fit in any predefined box†¦Ã¢â‚¬ . Her story made me put out my capabilities without fear, voicing out what I believe is right or wrong, allowing me to take risks and be prepared for any challenges and moreover to recognize the efforts of those contributing to achieve the goals by understanding them and allowing for innovation by giving them the initiative. Furthermore, Deb Henretta’s interview also displayed so many reflections in the way she runs her business as I have a little similarity managing and leading mine. Some important factors that she tackled in correspondence to other articles that I have read in the book of â€Å"Passion and Purpose† which have connections in how I run and manage my organiztaion. Such as the importance of your personnel satisfaction that will result into better use and expansion of their abilities in which it is also stated in an article by Dominic Barton (Coleman et. al, 2012g), the importance of working with the team of diverse individuality â€Å"Embracing the Global Generation† (Coleman et. al, 2012) and also recognizing the distinctiveness of every staff regardless of their gender, sex or race â€Å"Nonconforming Culture† by Kimberly Carter(Carter,2012). In conclusion, by recognizing my values, principles and goals, I was able to have a picture of how long I can achieve my set objectives and more precisely how I go about in attaining it. With my MBA, I believe not only I can change certain things but also develop it into a higher success for a longer term effects. The shared practices within the forum, helped me to be more analytical and logic. Reading from my peers their diverse experience and goals, not only powered me to achieve more, open other types of companies, listen more, better creative ideas, but most importantly they give me the â€Å"determination† in achieving them without fear and be prepared to face predicted chalalnges. Below is three (3) goals I am driven to achieve within the time frame of 5 years and even more, given that one of my goals is to instill for a longer term. Blueprint for Professional & Personal Growth Part II Action Plans During the shared practices and articles read during week 6 & 7, I was able grasp the significance in the ability to draw out the values, principles and goals wether you are a leader, a follower or an individual. I was able to draw out many short and long term goals and have them prioritized. From the action plan that I have set, I am actually thinking of acquiring another MBA in Marketing. My mother said to me once that she has always seen the lady of substance in me. Through this clarification of my personal values I plan to be more than what she portrays me to be and someday be a renowned strong wealthy business woman – like those popular strong business men in Forbes magazine. My definition of wealthy is not by any fical monetary terms but by the power of accruing knowledge and wisdom.

Business Task 1 on individual report Essay

                 Despite its future economic prospects, the United Arab Emirates continues to suffer from corporate governance issues. The development of corporate governance in the region has largely been influenced by religion (Gellis et al., 2002). The rules governing the practice of corporate governance have been significantly influenced by Islamic Sharia. This reflects the cultural and religious characteristic of the region (Islam and Hussain, 2003). Islamic Sharia specifies a number of core values such as trust, integrity, honesty and justice which are similar to the core values of corporate governance codes in the West. However, a survey of corporate governance in a number of Gulf countries such as United Arab Emirates suggests that the region continues to suffer from corporate governance weaknesses. 2.0 Reasons for the structure including use of suitable evidence and data                  The structure of the above sectors and reasons for the structure and effects on the performance of firms has been vital subject of debate in the finance literature. Empirical evidence suggests that privately held firms tend to be more efficient and more profitable than publicly held firms. This shows that ownership structure matters. The question now is how does it affect firm performance and why this kind of structure? This question is significant since it is based on a research agenda that has been strongly promoted by La Porta et al.                  According to these studies, failure of the legislative framework to provide sufficient protection for external investors, entrepreneurs and founding investors of a company tend will maintain large positions in their firms thus resulting in a concentrated ownership structure. This finding is interesting because it implies that ownership structure can affect the performance of the firm in one way or the other. It is indisputable; the lack of regulations in corporate governance gives managers who intend to mishandle the flow of cash for their own personal interest a low control level. The empirical results from the past studies of impacts of ownership structure on performance of corporate have been inconclusive and mixed up.               In response to corporate governance issues and their impact on corporate performance, Shleifer and Vishny (1997); and Jensen (2000) have suggested the need for improved corporate governance structures so as to enhance transparency, accountability and responsibility.                  Corporate governance reform and the introduction of innovative methods to limit abuse of power by top management have been justified by recent large scale accounting and corporate failures such as Enron, HealthSouth, Tyco International, Adelphia, Global Crossing, WorldCom, Cendant and the recent global financial crisis.                   According to Monks and Minow (1996) numerous corporate failures suggest that existing corporate governance structures are not working effectively. Corporate failures and accounting scandals initially appear to a U.S phenomenon, resulting from excessive greed by investors, overheated equity markets, and a winner-take-all mind-set of the U.S society. However, the last decade has shown that irregularities in accounting, managerial greed, abuse of power, are global phenomenon that cannot be limited to the U.S. Many non-U.S firms such as Parallax, Adecco, TV Azteca, Hollinger, Royal Dutch Shell, Vivendi, China Aviation, Barings Bank, etc. have witnessed failures in corporate governance and other forms of corporate mishaps.            In addition to corporate governance failures, global standards have declined significantly and unethical and questionable practices have become widely accepted. The net impact has been a reduction in the amount of faith that investors and shareholders have in the efficiency of capital markets. There is no universally accepted corporate governance model that the interest of shareholders and investors are adequately protected as well as ensuring that enough shareholder wealth is being created (Donaldson and Davis, 2001; Huse, 1995; Frentrop, 2003).               Much of the debate on corporate governance has focused on understanding whether the Board of Directors has enough power to ensure that top management is making the right decision. The traditional corporate governance framework often ignores the unique effect that the owners of the firm can have on the board and thus the firm’s top management. The traditional framework therefore ignores that fact that the owners of the firm can influence the board and thus top management to act of make particular decisions. Corporate governance studies are therefore yet to identify and deal with the complexities that are inherent in corporate governance processes.             Investment choices and owner preferences are affected among other things by the extent their degree of risk aversion. Owners who have economic relations with the firm will be interested in protecting their interests even if it is reasonably evident that such protection will result in poor performance. According to Thomsen and Pedersen (1997) banks that play a dual role as owners and lenders would discourage high risk projects with great profit potential because such projects may hinder the firm from meeting its financial obligations if the project fails to realize its expected cash flows. The government also plays a dual role in that it serves as both an owner and a regulator. Therefore owners who play a dual role in the firm often face a trade-off between promoting the creation of shareholder value and meeting their other specific objectives (Hill and Jones, 1992).                  Existing corporate governance frameworks have often ignored these issues in UAE. Rather, much of the emphasis has been on the effectiveness of the board in ensuring that top management is working towards meeting the goals of shareholders. Present corporate governance frameworks lack the ability to monitor owners and their influence on top management. The framework lacks the ability to align the role played by firm owners, board of directors and managers’ interests and actions with the creation of shareholder value and welfare motivation of stakeholders. Discussion of the possible future structure of the industry                     The United Arabs Emirates, and mainly Abu Dhabi, is enduring to increase its economy by reducing the total proportion impact of hydrocarbons to Gross Domestic Product. This is currently being done by growing investment in sector areas like: services in telecommunication, education, media, healthcare, tourism, aviation, metals, petrochemicals, pharmaceuticals, biotechnology, transportation and trade.                   Significant investments have been made by United Arab Emirates to establish itself as a regional trade hub. United Arab Emirates is also member of the World Trade Organization (WTO). In addition, there are ongoing negotiations to establish free trade agreements with other regions and countries such as the EU. These factors will contribute positively to the region’s integration into the global economy. United Arab Emirates is currently working towards diversifying their economies from the oil sector into other sectors. This diversification is expected not only to increase trade among member countries but also to increase the region’s trade with other countries and regions (Sturm et al., 2008). How the structure affects strategy decisions                     Ownership structure has an impact on firm performance in United Arab Emirates energy production owned sector. This region has witnessed significant economic growth over the last few decades. The region is also facing turbulent times with respect to corporate governance practices, resulting in poor firm performance. Corporate governance issues are not limited to the United Arabs Emirates as part of GCC Countries. From a global point of view, corporate governance has witnessed significant transformations over the last decade (Gomez and Korine, 2005). As a result, there has been an interest in the research attention accorded to corporate governance. The credibility of current corporate governance structures has come under scrutiny owing to recent corporate failures and low corporate performance across the world.                   The risk aversion of the firm can be directly affected by the ownership structure in place. Agency problems occur as a result of divergence in interests between principals (owners) and agents (managers) (Leech and Leahy, 1991). The board of directors is thereby regarded as an intermediary between managers and owners. The board of directors plays four important roles in the firm. These include monitoring, stewardship, monitoring and reporting. The board of directors monitors and controls the discretion of top management. The board of directors influences managerial discretion in two ways: internal influences which are imposed by the board and external influences which relate to the role played by the market in monitoring and sanctioning managers.                                       B: Contribution of the sector to the economy of your chosen country                         Analysis of contribution of sector                  United Arab Emirates remain major global economic player because it has the highest oil reserves. UAE together with the other Gulf Cooperation Council accounts for over 40% of global oil reserves and remains important in supplying the global economy with oil in future. As a result, investment spending on oil exploration and development of new oil fields is on the rise.                   Global oil demand is currently on the rise. This growth is driven mainly by emerging market economies, as well as the oil producing UAE as part of GCC countries. In addition, Europe and the U.S are witnessing depletions in their oil reserves. This means that these regions will become increasingly dependent on the Gulf region which includes UAE for the supply of oil (Sturm et al., 2008). The importance of the United Arabs Emirates as a global economic player is therefore expected to increase dramatically in the near future Use of appropriate data and other evidence                By the year 2011, the GDP of United Arab Emirates totaled to 360.2 billion dollars. Subsequently in 2001, yearly growth of GNP varied from about 7.4% to 30.7%. As part of the chief crude oil suppliers, the United Arab Emirates was at first cut off from the universal recession by high prices on oil that rose to a record 147 US dollars per barrel in the month of July in 2008. Nevertheless, the nation was ultimately influenced by the excavating worldwide recession which resulted to a decline in oil demand, reducing the oil prices to a reduced amount not exceeding a third of the peak of July 2008. In the last 2008 months, the trembles rumbling through global economies were lastly experienced in this section. Oil (million barrels) Proved reserves, 2013 Total oil supply (thousand bbl/d), 2012 Total petroleum consumption, 2012 Reserves-to-production ratio 97,800 3,213 618 95 Natural Gas (billion cubic feet) Proved reserves, 2013 Dry natural gas production, 2012 Dry natural gas consumption, 2012 Reserves-to-production ratio 215,025 1,854 2,235 116 UAE summary energy statistics C: Critical appraisal of sustainability targets on business plan of your chosen organisation                   Oil firms in United Arab Emirates is still quite immature. Most businesses are controlled by a few shareholders and family ownership is prevalent. Most large and small businesses are family businesses (Saidi, 2004). The state is also significantly involved in the management of companies (Union of Arab Banks, 2003).                     This is contrary to the status quo in Western democracies where firms are owned by a diverse group of shareholders which makes ownership to be completely separated from control. The ownership structure in United Arab Emirates suggests that stewardship and monitoring aspects of non-executive directors (NEDs) is absent in firms based in United Arab Emirates. Ownership concentration has remained high in the region because of practices such as rights issues which enable existing wealthy shareholders, and influential families to subscribe to new shares in Initial Public Offerings (IPOs) (Musa, 2002).                   According to a study of the corporate governance practices of five countries by the Union of Arab Banks (2003), ownership of corporations is concentrated in the hands of families. In addition, corporate boards are dominated by controlling shareholders, their relatives and friends (Union of Arab Banks, 2003). There is a no clear separation between control and ownership. Decision making is dominated by shareholders. The number of independent directors in the board is very small and the functions of the CEO and Chairman are carried out by the same person. The high concentration in firm ownership therefore undermines the principles of good corporate governance that are prevalent in western settings (Yasin and Shehab, 2004). This evidence is consistent with findings by the World Bank (2003) in an investigation of corporate governance practices in the Middle East North Africa (MENA) region which also includes the Gulf region. 1.0 Objective of empirical evidence                   The empirical evidence on the impact of ownership structure on firm performance is mixed. Different studies have made use of different samples to arrive at different, contradictory and sometimes difficult to compare conclusions. The literature suggests that there are two main ownership structures in firm including dispersed ownership and concentrated ownership. With respect to concentrated ownership, most of the empirical evidence suggests that concentrated ownership negatively affects performance (e.g., Johnson et al., 2000; Gugler and Weigand, 2003; Grosfeld, 2006; Holmstrom and Tirole, 1993). Different studies have also focused on how specifically concentrated ownership structures affect firm performance. For example, with respect to government ownership, Jefferson (1998), Stiglitz (1996), and Sun et al. (2002) provide theoretical arguments that government ownership is likely to positively affect firm performance because government ownership can facil itate the resolution of issues regarding the ambiguous property rights.                   However, Xu and Wang (1999) and Sun and Tong (2003) provide empirical evidence that government ownership has a negative impact on firm performance. On the contrary, Sun et al. (2002) provide empirical evidence that government ownership has a positive impact on firm performance. It has also been argued that the relationship between government ownership and firm performance is non-linear. Another commonly investigated ownership type and its impact on firm performance is family ownership. Anderson and Reeb (2003), Villanonga and Amit (2006), Maury (2006), Barontini and Caprio (2006), and Pindado et al. (2008) suggest that there is a positive link between family ownership and firm performance. Despite the positive impact some studies argue that the impact of family ownership is negative (e.g. DeAngelo and DeAngelo, 2000; Fan and Wong, 2002; Schulze et al., 2001; Demsetz, 1983; Fama and Jensen, 1983; Shleifer and Vishny, 1997).                     The impact of foreign ownership has also been investigated. Most of the evidence suggests that foreign ownership has a positive impact on firm performance (e.g., Arnold and Javorcik, 2005; Petkova, 2008; Girma, 2005; Girma and Georg, 2006; Girma et al., 2007; Chari et al., 2011; Mattes, 2008).With respect to managerial ownership, it has been argued that the relationship is likely to be positive. Despite this suggestion Demsetz and Lehn (1985) observe a negative relationship between dispersed ownership and firm performance. Institutional ownership has also been found to have a positive impact on firm performance (e.g. McConnell and Servaes, 1990; Han and Suk, 1998; Tsai and Gu, 2007). Furthermore, some studies suggest that there is no link between insider ownership and performance.                  Very limited studies have been conducted on the impact of ownership structure on firm performance in GCC countries like UAE. For example, Arouri et al. (2013) provide evidence that bank performance is affected by family ownership, foreign ownership and institutional ownership and that there is no significant impact of government ownership on bank performance. Zeitun and Al-Kawari (2012) observe a significant positive impact of government ownership on firm performance in the Gulf region.                The pervasive endogeneity of ownership has been cited as a potential reason why it is difficult to disentangle the relationship between ownership structure and firm performance. In addition, the relation may be a function of the type of firm as well as the period of observation in the life of the firm. This study is motivated by the mixed results obtained in previous studies and the limited number of studies that have focused on UAE as part of GCC countries. The objective of the study is to explore in more details the factors that motivate particular types of ownership structure and the potential impact of ownership structure and firm performance in the Gulf region 2.0 Empirical Evidence                  The empirical evidence will focus on how different ownership structures affect firm performance. Firms are often characterized by concentrated and dispersed ownership. Concentrated ownership is expected to have a positive impact on firm performance owning to the increased monitoring that it provides.                Dispersed ownership has been found to be less frequent than expected. Empirical evidence suggests that most firms are characterized by various forms of ownership concentration. Given this high level of ownership concentration, there has been an increasing concern over the protection of the rights of non-controlling shareholders (Johnson et al., 2000; Gugler and Weigand, 2003). Empirical evidence shows that ownership concentration at best results in poor performance. Concentrated ownership is costly and has the potential of promoting the exploitation of non-controlling shareholders by controlling shareholders (Grosfeld, 2006). Holmstrom and Tirole (1993) argue that concentrated ownership can contribute to poor liquidity, which can in turn negatively affect performance. In addition, high ownership concentration limits the ability of the firm to diversify (Demsetz and Lehn, 1985; Admati et al., 1994). There are various forms of concentrated ownership such as gov ernment ownership, family ownership, managerial ownership, institutional ownership and foreign ownership. In the next section, the literature review will focus on how these separate ownership structures affect firm performance. 2.1.1 Government Ownership                     The impact of government ownership on firm performance has attracted the attention of many researchers because the government accounts for the largest proportion of shares of listed companies in some countries and also because government ownership can be used as an instrument of intervention by the government (Kang and Kim, 2012). Shleifer and Vishny (1997) suggest that government ownership can contribute to poor firm performance because Government Owned enterprises often face political pressure for excessive employment. In addition, it is often difficult to monitor managers of government owned enterprises and there is often a lack of interest in carrying out business process reengineering (Shleifer and Vishny, 1996; Kang and Kim, 2012). Contrary to Shleifer and Vishny (1997) some economists have argued that government ownership can improve firm performance in less developed and emerging economies in particular. This is because government ownership c an facilitate the resolution of issues with respect to ambiguous property rights.                   The empirical evidence on the impact of state ownership on firm performance is mixed. For example, Xu and Wang (1999) provide evidence of a negative relationship between state ownership and firm performance based on data for Chinese listed firms over the period 1993-1995. The study, however, fails to find any link between the market-to-book ratio and state ownership (Xu and Wang, 1999). Sun and Tong (2003) employ ownership data from 1994 to 2000 and compares legal person ownership with government ownership. The study provides evidence that government ownership negatively affects firm performance while legal person ownership positively affects firm performance. This conclusion is based on the market-to-book ratio as the measure of firm performance.                   However, using return on sales or gross earnings as the measure of firm performance, the study provides evidence that government ownership has no effect on firm performance. Sun et al. (2002) provide contrary evidence from above. Using data over the period 1994-1997, Sun et al. (2002) provide evidence that both legal person ownership and government ownership had a positive effect on firm performance. They explain their results by suggesting that legal person ownership is another form of government ownership. The above studies treat the relationship between government ownership and firm performance as linear. However it has been argued that the relationship is not linear.                  Huang and Xiao (2012) provide evidence that government ownership has a negative net effect on performance in transition economies. La Porta et al. (2002) provide evidence across 92 countries that government ownership of banks contributes negatively to bank performance. The evidence is consistent with Dinc (2005) and Brown and Dinc (2005) who investigate government ownership banks in the U.S. 2.1.2 Family Ownership                  Family ownership is very common in oil firms in UAE. There is a difference between family ownership and other types of shareholders in that family owners tend to be more interested in the long-term survival of the firm than other types of shareholders(Arosa et al., 2010).. Furthermore, family owners tend to be more concerned about the firm’s reputation of the firm than other shareholders (Arosa et al., 2010). This is because damage to the firm’s reputation can also result in damage the family’s reputation. Many studies have investigated the relationship between family ownership and firm performance. They provide evidence of a positive relationship between family ownership and firm performance (e.g. Anderson and Reeb, 2003; Villalonga and Amit, 2006; Maury, 2006; Barontini and Caprio, 2006; Pindado et al., 2008).                   The positive relationship between family ownership and firm performance can be attributed to a number of factors. For example, Arosa et al. (2010) suggests that family firms’ long-term goals indicate that this category of firms desire investing over long horizons than other shareholders. In addition, because there is a significant relationship between the wealth of the family and the value of the family firm, family owners tend to have greater incentives to monitor managers (agents) than other shareholders (Anderson and Reeb, 2003). Furthermore, family owners would be more interested in offering incentives to managers that will make them loyal to the firm.                     In addition, there is a substantial long-term presence of families in family firms with strong intentions to preserve the name of the family. These family members are therefore more likely to forego short-term financial rewards so as to enable future generations take over the business and protect the family’s reputation (Wang, 2006). In addition, family ownership has positive economic consequences on the business. There are strong control structures that can motivate family members to communicate effectively with other shareholders and creditors using higher quality financial reporting with the resulting effect being a reduction in the cost of financing the business.                Furthermore, families are interested in the long-term survival of the firm and family, which reduces the opportunistic behavior of family members with regard to the distribution of earnings and allocation of management,.                   Despite the positive impact of family ownership on firm performance, it has been argued that family ownership promotes high ownership concentration, which in turn creates corporate governance problems. In addition, high ownership concentration results in other types of costs. As earlier mentioned, La Porta et al. (1999) and Vollalonga and Amit (2006) argue that controlling shareholders are likely to undertake activities that will give them gain unfair advantage over non-controlling shareholders. For example, family firms may be unwilling to pay dividends .                  Another reason why family ownership can have a negative impact on firm performance is that controlling family shareholders can easily favour their own interests at the expense of non-controlling shareholders by running the company as a family employment service. Under such circumstances, management positions will be limited to family members and extraordinary dividends will be paid to family shareholders. Agency costs may arise because of dividend payments and management entrenchment. Families may also have their own interests and concerns that may not be in line with the concerns and interests of other investor groups.                Schulze et al. (2001) provide a discussion, which suggests that the impact of family ownership on firm performance can be a function of the generation. For example, noting that agency costs often arise as a result of the separation of ownership from control, they argue that first generation family firms tend to have limited agency problems because the management and supervision decisions are made by the same individual. As such agency costs are reduced because the separation of ownership and control has been completely eliminated. Given that there is no separation of ownership and control in the first generation family firm, the firm relationship between family ownership and performance is likely to be positive (Miller and Le-Breton-Miller, 2006). As the firm enters second and third generations, the family property becomes shared by an increasingly large number of family members with diverse interests. The moment conflict of interests sets in the relationship between family ownership and performance turns negative in accordance to. Furthermore, agency problems arise from family relations because family members with control over the firm’s resources are more likely to be generous to their children and other relatives.                To summarize, the relationship between family ownership and firm performance may be non-linear. This means that the relationship is likely to be positive and negative at the same time. To support this contention, a number of studies have observed a non-linear relationship between family ownership and firm performance (e.g. Anderson and Reeb, 2003; Maury, 2006). This means that when ownership is less concentrated, family ownership is likely to have a positive impact on firm performance. As the family ownership concentration increases, minority shareholders tend to be exploited by family owners and thus the impact of family ownership on firm performance tends negative.                  Small countries have a relatively weak diamond of competitive advantages. D. Analysis 1.0 Potter’s Diamond Model                  The competitive forces advantages or analysis ought to be fixed on the main competition factors and its impact analysis on the business (Porter 1998, p.142). The state, and home wealth cannot be inherited -3554730607695Faktorski uvjeti 00Faktorski uvjeti -27546301293495Vezane i podrÃ… ¾avajuće industrije 00Vezane i podrÃ… ¾avajuće industrije -332041536195Ã…  ansa 00Ã…  ansa – it ought to be produced (Porter 1998, p.155). This wealth is influenced by the ability of industry to continually upgrade and innovate itself, and this is achievable exclusively by increase means in production – in all parts of fiscal action. The model of Porter concerns aspect which circuitously or openly affects advantage of competition. The aspect structure a place where given manufacturing sector like in this case, oil sector, state or region a learn and act on the way of competing in that environment. Left0 -3686175215392000Each diamond (oil) and the field of diamond (oil) as the whole structure consists of main influences that makes the oil sector competition to be successive. These influences entail: every ability and resource vital for competitive advantage of the sector; data forming the opportunity and providing the response to how accessible abilities and resources ought to be ruled; each interest group aim; and the is most crucial, oil sector pressure to innovating and investing. Swot analysis Strengths The oil sector has many years producing oil and so is well established. Comparatively lots of sub-sectors for industrialist stability and support. Weaknesses Comparatively out of date scientific foundation. Inadequate well educated professionals and residents in comparison to the new industry needs. Lesser costs of work cost in oil sector due to low salary from regular salaries in UAE. Opportunities                  The likelihood for resources application of EU agreement funds, as is the state resources Reasonably good quality of 11 % graduate students share that are likely to be absorbed into this oil sector. Contribution in motivational and investment projects that help in developing the economy of UAE every time. Threats Expansion of oil production capacity of economies of South-Eastern that have competed with low prices of products and little costs of production. Loan jobs and production globalisation. Reinforcement of local competition of adjacent economies, and thus reinforcing actions that attract direct overseas exploitation of the oil sector in UAE through investments. References Admati, A., Pfleiderer, P., and Zechner, J. 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Judy Chicago, Feminist Artist and Art Collaborator

Judy Chicago, Feminist Artist and Art Collaborator   Judy Chicago is known for her  feminist art installations, including The Dinner Party: A Symbol of Our Heritage,  The Birth Project,  and  Holocaust Project: From Darkness into Light. Also known for feminist art critique and education. She was born on July 20, 1939.   Early Years Born Judy Sylvia Cohen in the city of Chicago, her father was a union organizer and her mother a medical secretary.   She earned her B.A. in 1962 and M.A. in 1964 at the University of California. Her first marriage in 1961 was to Jerry Gerowitz, who died in 1965.   Art Career She was part of a modernist and minimalist trend in the art movement.   She began to be more political and especially feminist in her work. In 1969, she began an art class for women at Fresno State. That same year, she formally changed her name to Chicago, leaving behind her birth name and her first married name.In 1970, she married Lloyd Hamrol. She moved over the next year to the California Institute of Arts where she worked to begin a Feminist Art Program.   This project was the source of Womanhouse, an art installation that transformed a fixer-upper house into a feminist message. She worked with  Miriam Schapiro  on this project.  Womanhouse combined the efforts of female artists learning traditionally male skills to renovate the house, and then using traditionally female skills in the art and participating in feminist consciousness-raising. The Dinner Party Remembering the words of a history professor at UCLA that women were not influences in European intellectual history, she began working on a major art project to remember women’s achievements. The Dinner Party, which took from 1974 to 1979 to complete, honored hundreds of women through history. The main part of the project was a triangular dinner table with 39 place settings each representing a female figure from history. Another 999 women have their names written on the floor of the installation on porcelain tiles. Using ceramics, embroidery, quilting, and weaving, she deliberately chose media often identified with women and treated as less than art.   She used many artists to actualize the work. The Dinner Party was exhibited in 1979, then toured and was seen by 15 million. The work challenged many who saw it to continue to learn about the unfamiliar names they encountered in the art work. While working on the installation, she published her autobiography in 1975.   She divorced in 1979. The Birth Project Judy Chicago’s next major project centered around images of women giving birth, honoring pregnancy, childbirth, and mothering.   She engaged 150 women artists creating panels for the installation, again using traditional women’s crafting, especially embroidery, with weaving, crochet, needlepoint, and other methods.   By picking both a woman-centered topic, and women’s traditional crafts, and using a cooperative model for creating the work, she embodied feminism in the project. The Holocaust Project Again working in a democratic manner, organizing and overseeing the work but decentralizing the tasks, she began work in 1984 on another installation, this one to focus on the experience of the Jewish Holocaust from the perspective of her experience as a woman and Jew. She traveled extensively in the Middle East and Europe to research for the work and to record her personal reactions to what she found.   The â€Å"incredibly dark† project took her eight years. She married photographer Donald Woodman in 1985. She published Beyond the Flower, a second part to her own life story. Later Work In 1994, she began another decentralized project. Resolutions for the Millennium joined oil painting and needlework.   The work celebrated seven values: Family, Responsibility, Conservation, Tolerance, Human Rights, Hope, and Change. In 1999, she began teaching again, moving each semester to a new setting. She wrote another book, this with Lucie-Smith, on the images of women in art. The Dinner Party was in storage from the early 1980s, except for one display in 1996.   In 1990, the University of the District of Columbia developed plans to install the work there, and Judy Chicago donated the work to the university. But newspaper articles about the sexual explicitness of the art led the trustees to cancel the installation. In 2007 The Dinner Party was permanently installed at the Brooklyn Museum, New York, in the Elizabeth A. Sackler Center for Feminist Art. Books by Judy Chicago Through the Flower: My Struggle as a Woman Artist,  (autobiography), introduction by Anais Nin, 1975, 1982, 1993.  The Dinner Party: A Symbol of Our Heritage,   1979,  The Dinner Party: Restoring Women to History, 2014.Embroidering Our Heritage: The Dinner Party Needlework,  1980.The Complete Dinner Party: The Dinner Party and Embroidering Our Heritage,1981.The Birth Project,  1985.Holocaust Project: From Darkness into Light,  1993.Beyond the Flower: The Autobiography of a Feminist Artist,  1996.(With Edward Lucie-Smith)  Women and Art: Contested Territory,   1999.Fragments from the Delta of Venus,  2004.Kitty City: A Feline Book of Hours,   2005.(With Frances Borzello)  Frida Kahlo: Face to Face,   2010.Institutional Time: A Critique of Studio Art Education,   2014. Selected Judy Chicago Quotations Because we are denied knowledge of our history, we are deprived of standing upon each others shoulders and building upon each others hard earned accomplishments. Instead we are condemned to repeat what others have done before us and thus we continually reinvent the wheel. The goal of The Dinner Party is to break this cycle. I believe in art that is connected to real human feeling, that extends itself beyond the limits of the art world to embrace all people who are striving for alternatives in an increasingly dehumanized world. I am trying to make art that relates to the deepest and most mythic concerns of human kind and I believe that, at this moment of history, feminism is humanism.   About The Birth Project:  These values were oppositional in that they challenged many prevailing ideas as to what art was to be about (female rather than male experience), how it was to be made (in an empowering, co-operative method rather than a competitive, individualistic mode) and what materials were to be employed in creating it (any that seemed appropriate, irrespective of what socially constructed gender associations a particular media might be perceived to have).   About The Holocaust Project:  A lot of survivors committed suicide. Then you must make a choiceare you going to succumb to the darkness or choose life? Its a Jewish mandate to choose life. You shouldnt have to justify your work. I began to wonder about the ethical distinction between processing pigs and doing the same thing to people defined as pigs. Many would argue that moral considerations do not have to be extended to animals, but this is just what the Nazis said about the Jews.   Andrea Neal, editorial writer (October 14, 1999):  Judy Chicago is obviously more exhibitionist than artist. And that raises a question: is this what a great public university should support?

Complicated Women (2003) in the Movie Culture essayEssay Writing Service

Complicated Women (2003) in the Movie Culture essayEssay Writing Service Complicated Women (2003) in the Movie Culture essay Complicated Women (2003) in the Movie Culture essayThe 2003 documentary Complicated Women is an art piece discovering the provocative character of female roles in pre-code Hollywood. Narrated by Jane Fonda, it covers the period between 1929-1934 to research on films that were breaking all stereotypes by portraying free, bold, strong and emancipated women, who seduced with their body, had lovers, and held serious jobs just like men did. However, under the cover of seeming gender equality following the adoption of the Nineteenth Amendment to the US Constitution in 1920, they were also taking active part in the sexual liberation of morals, downgrading a woman to an object of man’s desires, an erotic symbol serving to please the male gaze.Indeed, as LaSalle (2001) states in his book, late 1920’s are often referred to as â€Å"the decade of pleasure,† a time of freedom and self-indulgence. People talked increasingly open about sex, and premarital sex became increasing ly common. Hugh Munro Neely’s (2003) documentary (based on LaSalle’s 2001 work) emphasizes that on the TV screens, directors insisted that sexuality is inherent to any person: both women and men tend to experience sexual desire and satisfy their intimate needs. For instance, The Divorcee (1930) was one of the first films to revolutionize the image of the devoted wife: When the husband Norma Shearer’s character has an affair, the wife gets into an affair of her own. With the arrival of big cinema in the 1930’s and a change of priorities in life associated with the Great Depression, American moviemakers introduced the Hays Code, the code of filmmaking ethics the obliged Hollywood cinematographers to stop displaying nudity, provocative dance, â€Å"scenes of passion†, extra-marital affairs as well as other relations undermining the moral foundations of spectators. Despite the fact that the Code was adopted in 1930, until 1934 there was almost nobody w ho obeyed it. Therefore, the mainstream cinema (not to mention pornography) of early thirties often showed intimate relationships, homosexuality, miscegenation, half-naked women, and much more, like Tarzan and His Mate (1934), which featured total female nudity.Through the clips the Complicated Women (2003) relies on we may see how the films of that period exposed the modes of recreating female physicality, sexuality, and explicitness of sexually scenes. Thus, there was a strong emphasis on womanhood in female clothes: breasts, waist, and hips. Neckline was back in fashion, but while it was quite restrained in the front, the back was almost completely bare. The waistline rose from the hips to its natural place. Woman shapes were highlighted by silk fabrics smoothly flowing downwards. An ideal woman’s hips were narrow, and the breast was no longer hidden but rather stressed deliberately. In general, as LaSalle (2001) noted, designers purposely developed the style of clothes th at would allow emphasizing every curve of a sexy female body in the most spectacular way.It is obvious that the key to the successful performance was seen in its tempting, seductive nature. A female actress not only promises the obtainment of pleasure, but also creates the desire itself (Gill, 2007). Even though it is not viable to say that women are more charming or more desirable than men, in most cases, as Weeks (2007) study shows, women are more open to being desirable. Despite the radical changes in social life of the early 1930’s, women continued to look at themselves â€Å"through the eyes of a man,† introducing themselves as an object of his desires, above all (Greer, 1999; Gill, 2003). For instance, Jean Harlow would keep ice to chill her breasts before she was going into the scene. A sex symbol of her time, she desired to make sensibility and bright sex appeal the main features of her screen image. As a result, she became enormously popular due to her films T he Red-Headed Woman (1932) and The Red Dust (1932), in which Jean’s main advantage was her overtly sexual attractiveness.It should be noted here that the popularity estimated through the terms of sexual attractiveness was, in fact, gradually objectifying female actresses, making their sexuality a sort of a product willingly consumed by the public, and especially the male viewers. Later studies (Greer, 1999; Gill, 2003; Weeks, 2007) proved that an excessive number of images of young and sexually attractive women on screens have led to the fact that men are unable to perceive a half-naked women in media as a human being. Moreover, the results of brain scans show that men’s reaction to these photos is similar to the reaction to inanimate objects (Rosewarne, 2007). The conclusion to be made is clear: men perceive provocatively sexy women either as an object of desire, or as an attribute of success, which is vividly present in Female (1933), Ex-Lady (1933) and Baby Face (19 33).A woman-lover, woman-dancer, a woman-prostitute, or a woman-criminal was entirely in the spirit of 1930’s, where an image of female identity is used both as the tool and means to stimulate sex consumption. A common technique of this kind is the relevant placement of female figures in the space. In social life situations, beds and floors are the places where the lying persons will be lower than those who sit or stand, while the lying position is one of those in which physical self-defense is less convenient and, thus, a person in such position is rather dependent on the generosity of others (Gill, 2007). Analyzing film fragments presented in Complicated Woman (2003), we may observe that women are more often portrayed in the lying or sitting position on the sofa, armchair, bathtub, etc., which is a classic universal technique in mirroring the socially-accepted model of the â€Å"man-woman† relationship, i.e. the model of apparent superiority of one sex over the other . Furthermore, women are often portrayed with their legs bent at the knees, like in Safe in Hell (1931), Anna Christie (1930) or Ladies They Talk About (1933), which is a traditional manifestation of sexual availability, and yet again confirms the subordinate and dependent position of women.In this way, the films of 1930’s were the first to contribute into the creation of a completely false impression of the world overflowing with imposingly â€Å"perfect† girls – desirable for a man and desiring a man themselves. Incredibly beautiful and inimitable actresses soon became icons and set the tone for the cinematography of later decades. Always gorgeous and incredibly feminine, at the same time, their images were appealing to rather specific female qualities, such as the power of sexuality. Endlessly exploiting female body as an erotic symbol, the films of those times were mostly seeing and emphasizing only the properties of female nature that were attractive to men in the first place, thus objectifying women and turning them into a promotion tool serving to attract attention and please male ambitions.

How to Study for the New 2016 SAT

How to Study for the New 2016 SAT SAT / ACT Prep Online Guides and Tips You might have heard that College Board released a new version of the SAT in 2016. So what should you do if you want to prepare for this version of the SAT but are mainly familiar with the old version? And do you really have to throw out all of your "old SAT" study materials? We will go through the SAT section by section and note key differences between the old and new SAT. Next, we will explain how to prep for the new SAT based on those differences. We will point out places that you can still use old prep materials to prepare for the new SAT and also point you toward other free study resources online. We will also link extensively to our SAT study guides throughout this post to give you more targeted advice by section. Big Format Changes on the Redesigned 2016 SAT The SAT still has its three main sections – Reading, Writing, and Math – but the reading and writing scores are now combined for one score out of 800, rather than being scored separately. That means that the math section is now weighted more heavily on the SAT. It's now very important to get a strong math score to get a good overall composite score. Also, answers now have four choices instead of five. This doesn’t mean the test is easier – having fewer answer choices just means you’re less likely to get an answer choice that’s very easy to eliminate. If you want to read a complete breakdown of differences between the old and new SAT, check out our post on the subject. In this post, we’ll summarize important differences but focus on giving study tips. SAT Reading Study Guide Key Differences All questions on the redesigned SAT Reading section are based on passages with set topics. There are two history/social science passages, one US or world literature passage, and two science passages. On the old SAT, the questions often came from these categories but the topics were not predetermined. There is also more emphasis on defining vocabulary in context, understanding and using evidence, making logical arguments, and using scientific reasoning on the new SAT. The new SAT doesn't have vocabulary in isolation questions – more commonly known as sentence completion questions. The emphasis is now on defining vocabulary in context. New Questions There are two main types of new reading questions. Evidence Support:These questions come in sets of two. The first asks a question about the passage, and the second question asks you where in the passage you got your evidence for the first question. Via College Board's Test Specifications for the Redesigned SAT. Data Reasoning: These questions have you interpret graphs or charts and say which fact they best support or least support. You don't need to be a science or data expert to get these questions right, but you need to be able to read and interpret graphs and charts. How to Study For the old SAT, knowing vocabulary was crucial to doing well. It’s still important to know vocabulary for the redesigned SAT, but you will have context clues to help you. So in addition to studying vocabulary words, you should also practice doing advanced reading and test your ability to define tough words based on their context. Your first place to head for SAT Reading practice is the source: the College Board website. They've posteda number of free new SAT practice tests. Start there to get a sense of what the new SAT Reading section is like. Still have old SAT prep books sitting around? You can use old SAT Critical Reading questions to practice, but focus on the passage-based questionsand ignore the sentence-completion questions. ACT Reading section questions will also be helpful, as they are all passage-based and contain vocabulary in context as well as logical progression questions. Another unlikely but helpful source is ACT Science questions. Yes, science! ACT Science also has you break down charts, graphs, and evidence. If you can do well on ACT Science, you will be able to do well on the new SAT data reasoning questions. The new data reasoning questions (â€Å"this chart most supports the following argument?†) are actually phrased very similarly to the LSAT logical reasoning questions. Although the LSAT questions are trickier since you are interpreting a paragraph or argument and not a chart, if you’re worried about data reasoning, you could challenge yourself with LSAT logical reasoning questions. Check out some sample questions over the Law School Admissions Council website. In addition to studying with practice questions and sections, make an effort to read widely – think books as well as publications like The New York Times, The Economist, The New Yorker, Wired, etc. The more challenging articles you can read, the better you can become at defining new words in context, and the more prepared you’ll be for the science and social science passages in particular. Want a bit more structure for vocabulary in context? One of my favorite tools for learning vocabulary in context is a browser app called ProfessorWord. The app scans whichever page you are currently reading online and pulls out all the ACT/SAT words, with definitions. This article alone has about a dozen SAT vocabulary words, according to ProfessorWord. Pretty nifty, huh? SAT Writing Study Guide Key Differences The writing section is quite different on the new SAT. There is more emphasis on logic and expression of ideas, higher-level writing skills, and punctuation. Furthermore, all questions are passage-based – this is quite different from the old SAT, which had you correct a sentence or two in isolation. This means that there are fewer grammar rules tested in isolation, which in turn means fewer "gotcha" questions on the new SAT Writing section. However, being aware of writing style, construction, and organization is more important, since you will now be working with longer passages. How to Study It’s still important to know English grammar rules to do well on this section. Start your studying by learning English grammar rules by heart. Then give the SAT's official practice tests a try. In terms of additional practice questions, we recommend you use ACT English practice questions, as these are all passage-based, like the new SAT Writing questions are. You can also use old SAT Writing multiple-choice questions to test your grammar rule knowledge, but remember to be ready for passages. Finally, the more you read and write, the better you will get at spotting writing organization and style naturally. Make sure to read something academic or challenging every day, even if it’s just for class! New SAT Essay Study Guide Key Differences The essay score is now completely separate from the writing score. This means that, similar to the ACT, your essay score won’t affect your overall composite, but it will still be visible to colleges, so it’s as important as ever to do well. The essay is now 50 minutes long instead of 25. While you have more time to write, you have a much more specific task, so don’t assume the new essay is easier! You have to analyze how an author builds an argument in a passage (the passage will be part of the prompt). So you have to read the passage and write about it analytically during that 50-minute period. You’re no longer coming up with your own evidence with examples – this question is much more focused on your ability to deconstruct an argument and explain how it works. How To Study As we've mentioned, you should check out College Board's new SAT practice tests first to see real examples of the new SAT essay. But if you run through all of thepractice tests and want more free resources, there is another great source of practice you can use. The new SAT essay is very similar to the AP English Language and Composition Free Response question two. Via College Board's AP English Language and Composition page. If you happen to be taking AP English Language, your studying for that AP test will help you prepare for the new SAT essay. But even if you’re not taking AP English Language, you can use past free response questions for practice. Remember to find question two for each old AP English Language test. Keep in mind as you practice that your goal for the essay is to explain what the argument is and how the author argues for it. Remember not to show personal bias – this isn’t about your opinion, it’s just about how the author builds their argument. You can use a standard five-paragraph essay format if you like, but don't feel pressured to stick to it if you don't find that style helpful. Focus on making your writing clear and concise, and using evidence from the passage. Want to learn more about the SAT but tired of reading blog articles? Then you'll love our free, SAT prep livestreams. Designed and led by PrepScholar SAT experts, these live video events are a great resource for students and parents looking to learn more about the SAT and SAT prep. Click on the button below to register for one of our livestreams today! SAT Math Study Guide Key Differences The math section has been changed the least for the new SAT, but there are changes you should be aware of as you start studying. There are now some multi-step problems, a section you can’t use a calculator on, a few questions on basic trigonometry, emphasis on data and graphics interpretation, solving equations, algebra, and realistic scenarios as prompts for questions. There is less geometry focused on shapes, and fewer abstract questions. How To Study This is the section that is the least dramatically changed, so the old study principles for SAT Math are still in place. First, find out your weak spots, whether they’re in content (struggling with geometry) or in practice (you tend to make small mistakes and miss problems). Next, drill your weak spots with targeted practice problems until they’re no longer liabilities. As you practice, we recommend using a notebook to keep track of the mistakes you make and why you make them. This will make it easier for you to zero in on your thought processes and figure out why you make mistakes, which will make it easier to fix them. You can use old SAT Math questions, but ACT Math practice questions will also work, especially if you’re worried about trigonometry. It’s best to study with a mix of both to be ready for the new SAT. Also, practice both with and without a calculator. You might find that you are relying on the calculator for tasks you don’t actually need it for. Remember on the SAT you should be minimizing calculator use anyway, even if you’re on a calculator-approved section. (Read a discussion about the best calculators for the SAT.) Final Advice Since the redesigned SAT is getting more similar to the ACT, you might consider riding out the change by taking the ACT instead. Its format hasn’t changed, and there are plenty of existing resources for studying for the ACT. At the very least, take an ACT practice test and see how you do. If it seems considerably more manageable for you than the SAT (based on old SAT questions), it might be worth it to just study for the ACT instead. Either way, definitely work ACT practice questions into your studying for the new SAT. The tests are getting similar, so use that fact to your advantage. If nothing else, you can save money on test prep materials! What’s Next? Read detailed breakdowns of the new SAT sections: math, critical reading, writing, and the essay. Understanding the new SAT is the first step to doing well on it. Curious about the ACT? Learn the key differences between the ACT and old SAT, and how the ACT is scored. If you’re thinking about taking the ACT instead, try taking a free practice test to see how you do. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

My nursing theory Essay Example | Topics and Well Written Essays - 1250 words

My nursing theory - Essay Example The primary purpose of the interaction between humans and the environment is adaptation. Humans’ exposure to stressors (stimuli within the environment) triggers the development of coping mechanisms, which enable them to adapt to the changing environment. Each individual has two major subsystems; the regulator and cognator internal processing subsystems, which help them, cope with stimuli from both the external and internal environment. The regulator subsystem functions through the autonomic nervous system (perception and neural pathways, endocrine system) whereby the mechanism prepares individuals for dealing with environmental stimuli. On the other hand, the cognator mechanism comprises of perceptual/information processing, emotions, judgment and learning. The process of perception bridges or connects the two mechanisms. Roy asserts that nursing’s primary goal is to facilitate a patient’s development of health, which she defined as the process of becoming and be ing a whole and integrated person (Roy, 1980). Fundamental to all human beings, is their need to cling to their concept of a Higher Power. For some, acknowledging the existence of an existential being that possesses supernatural powers, which one cannot research quantitatively or qualitatively defines their conceptualization of God (Higher Power). Conversely, others negate the existence of a God, as they instead chose to focus on universal moral principles, which are not culture specific and promote equal and humane treatment of all; for example, they believe that it is wrong to kill or steal as it compromises another person’s quality of life. My personal nursing philosophy is primarily centered on acknowledging the existence of cultural diversity. Cultural diversity influences the differences in individual’s conceptualization of God. As such, it is crucial for nursing professionals to respect each patient’s

Japanese manga censorship Research Paper Example | Topics and Well Written Essays - 1000 words

Japanese manga censorship - Research Paper Example Sometimes the word â€Å"air† is used to describe manga in Japanese which implies its possibility to penetrate everywhere: people buy manga on trains, in local supermarkets and small shops, in cinemas and read it in parks, luxurious apartments and shopping malls (Kinsella 4). Why has manga become so widespread and demanded in Japan? In post-war period it became linked to political events of the country and was perceived as counter-cultural experimentation. Most manga nevertheless concentrated on depiction of daily life events. Beginning from the 1970s manga adapted to the tastes of the population and concentrated on the topics popular among men: science fiction, robots, heroic events, however he group of women who appeared in the end of the 1970s adapted manga to female auditory making manga about love and romantic relationships (Gravet 24) The beginning of the 1980s coincided with the growth of the initial manga auditory and the economic rise of the country that is why publishers decided to widen the scope of genres and started looking for explicitly sexual and violent images in manga that were supposed to provide popularity. But the success on the territory of Japan was only a first step because manga has even won its special place in hearts of American readers with the help of exotic heroes, unique style of depiction, and unpredictable plot twists. Manga offered a fresh look on heroic epos: wide-eyed superheroes, latex-booted heroines and wild-haired supervillains have become extremely popular in a faraway America (Wood 14). For a long time manga and anime managed to avoid the attention of censors until an unfortunate case in 1989 when in a house of a serial killer a number of explicitly sexual content was found and he himself turned out to be a member in Comiket, the biggest convention for manga fans in the country. Since then the debates regarding the necessity of censorship for manga do not cease. Though some

Contracts Law Essay Example | Topics and Well Written Essays - 500 words

Contracts Law - Essay Example If this happens, it implies that the contact is executed. However, this is not usually the case. Many are times when one of the parties to contract does not fully commit themselves to the ultimate execution of the contract, prompting the other party to do away with it. In essence, such a contract becomes voidable. Moreover, the failure by one of the parties to the execution of a contact breaches it. In this regards, any contract, whose terms have been infringed by either of the parties, is eligible for legal settlement. Thus, courts are mandated to settle contract disputes. In so doing, the court may impose various remedies. Such remedies include but are not inclined to: cancelling the contact, specific performance, punishments as well as damages of various forms. There exist a profusion of cases where courts have settled contact disputes. To begin with, a celebrity artiste named Bruno Mars (whose real name is Peter Hernandez) sought a court intervention in a contract dispute with his publishing company. In this case, the publishing company had declined to let go of Mars on the grounds that he had not yet fully executed the terms of their contract. The next case involves Garland Coal who entered into a contract with Peevyhouse, allowing them to mine coal on Peevyhouse’s land with the agreement that they would restore it on the completion of the mining activities. On the contrary, Garland Coal left the land without rejuvenating it as agreed. This prompted Peevyhouse to sue Garland seeking damages of $25,000. Instead, the jury granted $5,000 to Peevyhouse instigating Garland to appeal in turn. From the holding and the ultimate ruling if the case, it is apparent that, as much courts are obliged to solve disputes arising from failure to fully execute a contract, they are bound to enforce the contract exclusively as it is. That is to say, the law has no intention to ameliorate a contract in any way. The enforcement of the

To What Extent was the US car industry harmed by imports of foreign Essay

To What Extent was the US car industry harmed by imports of foreign cars or by foreign car makers setting up production in the US - Essay Example In the first half of the growth of the automobile industry, USA was one of the front runners due to the economic development of the country. The economic development in the country meant that the demand was prevalent. The engineering developed due to the growth of technology. There were no direct competitors for the US firms. However, the dominance of the US was not everlasting. With the potential of the industry on the rise, various other manufacturers from the other countries began to enter the field. The car manufacturers from Germany and Belgium began to develop with the help of modern engineering technologies. The car manufacturers from the other countries viewed the US market as one of the most inviting and potential markets of the world. They were helped by the fact that the US economy promoted free competition among the firms. This meant that the companies were free to ply their trade in the USA. The US market soon became flooded with the imported cars. Seeing the potential o f the market some of the companies began to set up in operations in the US. In the modern context, the Japanese firms have made a big progress in the industry. The Japanese firms have been technologically advanced and that has prompted the companies to use the most modern technologies. They have been responsible for the introduction of the most modern cars in the market. Most of the Japanese companies have set up operations in the US and the market there has been the main focus for the Japanese companies. The Japanese cars are one of the most dominating in the US market. The US car manufacturers faced a tough competition from the car manufacturers of the other countries. Their condition has worsened due to the global economic downturn in the economy. There is lesser demand for the cars in the US market. The combination of these factors has been detrimental to the interests of the US car manufacturers. (Covarrubias, n.d.). The

Sttafing Essay Example | Topics and Well Written Essays - 500 words

Sttafing - Essay Example Researches should be done on all departments. Senior management should come up with cross-functional teams that are set to improve the performance of an organization. This piece of work is a close look of staffing issues that cause collapse of companies. The case used is Candle Light Inc., a company that trades in telecommunication, manufacturing and supply. The issues that affect companies are resultant of the leadership (i.e. strong or weak). Weaknesses of a company’s leadership can be manifested in the reluctance in implementation of issues that arise within the company. Among the most prevalent issues that affect the staff of a company adversely are such like leadership vision and the vision of the company, team work failure, and lack of reinforcement of skills and knowledge, as well as poor communication. Candle Light Company Inc. is threatened by a leadership that has no vision and has no commitment to the vision of the company. The board of directors is acting against a CEO who addresses the issues that threaten the company. In their lack of vision for the company, they manifest a level of lack of transparency for they retain the vice president of human resource and administration who is less productive. They have failed to adjust their plans with the changing world trends. For example, they continue to retain workers that were trained many decades ago who have not refreshed their training. Refreshing would have made them more conversant with current trends of business within the world. The administration has not done any research that would identify the needs of their customers. The leadership has manifested lack of professionalism. They engaged in property damage when they failed to agree on a labor contract. Team work has failed terribly in the staff of Candle Light Inc. Leaders such as the senior Vice president for human resource administration insists on his stand. He