The University Of California Archives Essay - 1729 Words

University of California Archives An important source helped to corroborate the vessel’s first name as North American. It was an advertisement for the ship (figure 4) which was found in the University of California files relating to the Gold Rush and has the date ‘1858’ written in pencil . The North American is described as The largest ship in New York’ for San Francisco Direct(...) The splendid A No 1, and very superior coppered, and copper fastened Clipper Ship (...) This Ship is entirely new and fitted for passengers in the most commodious manner(...) and the whole is fitted up as a Saloon. Summing up: At least on paper, a very efficient and comfortable means of transportation. The travel to California, as advertised by the poster, would start by departing from New York on 22nd of March, sailing around Cape Horn and hopefully arriving at California after 90 days. A careful analysis of this object reveals that the date ‘1858’ not in the original printing is just a guess written by someone at an unidentified time. The corrected date should be 1852 since this is the year Capt. Austin was commanding it and the ship is described as ‘entirely new’. Also, on 8 March 1858, The North American was involved in a collision which took place off Point Lynas causing the sinking of the Spanish barque Tecla Carmen, apparently without the loss of life. As a consequence, the ship was impounded (Haggard 1864:79-80). A document would confirm 1852 as the correct date. In a letter fromShow MoreRelatedThe Chinese Exclusion Act Of 18821025 Words   |  5 PagesNational Archives and Records Administration. National Archives and Records Administration, n.d. Web. 21 Feb. 2017. . Foreign Miners Tax Documents, 1850-1867 Foreign Miners Tax. 1850. MS 3418, Foreign Miners Tax Documents, 1850-1867. California State Library, California. Online Archive of California. California State Library, 1850. Web. 20 Feb. 2017. . Gaines, Brian J., and Wendy K. Tam Cho. On California’s 1920 Alien Land Law: The Psychology and Economics of Racial Discrimination. University of IllinoisRead MoreCivil Rights Diary Essay examples871 Words   |  4 PagesRights Act in 1964 seemed to mark a turning point in America; a new age in race relations appeared to be emerging. However, countless states acted quickly to avoid the new federal law. California reacted with Proposition 14, â€Å"which moved to block the fair housing components of the Civil Rights Act†, according to University Library at USC (para. 1). Still with strong feelings of injustice and despair, this fueled the anger within the urban cities of LA especially Watts. August 11, 1965 markedRead MoreScholasticism776 Words   |  4 Pagesthinking of late antiquity. It was based on the coordination between faith and reason, with the established assumption that reason was subordinate to faith. 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On teaching and service level, I taught a number of classes here at ISU and at Qatar University, and was active in committee work, be it at ISU, Qatar University, or elsewhere on voluntary basis. ARead MoreEssay on The Womens Rights Movement 1848-19201091 Words   |  5 Pages In 1893 Colorado passed a law allowing women to vote and three years later Idaho and Utah did the same. After this success, however, the momentum came to a halt. Not until 1910-1914 did the effort intensify again. During this time Washington, California, Arizona, Kansas, and Oregon also extended the right to vote to women. It seemed like NAWSA was taking off, but some reformers were not happy with the pace of change. Quaker activist, Alice Paul, started the National Woman’s Party in 1913 that believedRead MoreAffermative Action1316 Words   |  6 Pagesrelated areas such as University acceptance of college students. In the end, it should in no way be abolished. Scott2 However, Affirmative action is highly controversial. Right now Proposition 209, in California which bans all programs involving race and sex preferences run by the state, has passed but it will not be put into total action due to some questions of constitutionality (Ayres 34). The law will start slowly first, ending Affirmative Action in the schools of California, leading up to the abolishmentRead MoreEssay about Affirmative Action and Higher Education1546 Words   |  7 Pagesshifts between people, but also over time. Policies that once appeared to be necessary can, in a few decades, seem excessive. When Justice Powell, along with the rest of the United States Supreme Court, handed down the decision in Regents of University of California v. Bakke in 1978, he attempted to give a rational for affirmative action in higher education that did not rely on retribution for one race; however, over time modest progress improving minority representation in schools have combined withRead MoreEssay905 Words   |  4 Pages Transfer students don’t become academics. I sat in the middle of the Honor’s Scholarship Ceremony and listened as a colleague of mine presented his research on transfer students in t he university system. He demonstrated that academia tends to believe that transfers are not able to conduct original research. The situation felt particularly ironic. Afterall, I was a community college transfer who was being awarded a $5,000 research scholarship that very night. I had been attending UCLA for eight months

Was The French Nobility Responsible For The Crisis That...

ESSAY QUESTION: To what extent was the French nobility responsible for the crisis that destroyed the ancien regime? Many Historians have come to the decisive conclusion that the French Revolution, an event that characterises Modern European History, has changed Europe. It was a time period that took place prior to the rise of Napoleon Bonaparte, between 1789 and the late 1970s. it denotes a time period in which the French civilians were aroused unanimously in overturning the traditionalistic â€Å"institutions† such as the monarchy and the feudal system. Though the causes of such an event remain inexplicit, intriguing arguments can be drawn in considering an array of reasons that initially sparked it. One plausible assumption has been that it was merely the result of the assumed divine power that King Louis XVI had that ignited the civilians’ revolt. This is particularly acceptable, seeing that this event was draped in the uprooting ideals of Enlightenment. From this pivotal event in Modern History, Historians have gained an insightful scope of not only the evolution of peasantry and lower-societal revolts against an usurping power (i.e nobility) and in some occasions their demise, but have also gained insights into the unnoticed power of the working class. Ultimately the major havoc-inducing factor that led to the crisis of the Ancien Regime can be a derived from a state of hierarchal power. The division of class and the prestigious stance of the nobility helped rouse theShow MoreRelatedEssay on The French Revolution6694 Words   |  27 Pages According to Joseph Weber, foster brother of Queen Antoinette, there were three primary causes of the French revolution the disorder of the finances, the state of mind, and the war in America. The disorder in the finances acknowledged that the bankruptcy of the monarchy opened the doors to defiance of the Kings authority. The greatest single cause of the revolution was the economic crisis, which forced the King to recall the redundant Estates General which had not been called since 1614, which

A Road Trip to North Dakota Essay Example For Students

A Road Trip to North Dakota Essay My journey to North Dakota was very awesome and interesting but full of good memory and experience. The journey started on a faithful Saturday morning April 4, 2015, I was very happy to start the journey. I always like road trip because I can see a lot of things like trees, different type of animal and meet different people. A day before the journey, I took my car to the car care for both body and engine inspection. All the broken parts were replaced and both the inside and outside of the car was thoroughly washed. On Saturday, I packed all my bags and those things needed for the trip, I placed some inside the trunk and others inside the car. The road trip to North Dakota was the longest road trip of my life. On the Saturday morning April 4, 2015 around 10am, the so called trip started with one of my friend called Sam. The main purpose of this trip was to pay some of our friends in the North Dakota visit and party with them because both of us were on vacation. I told Sam, we need to buy some gas and he said there are a lot of gas station on our way so we buy from them. I said ok, put the address on GPS and he did so. I drove like fifty miles and there was no gas station along the road. The gas inside the car was very low that it cannot last for more than twenty miles again. At this point, we looked for the nearest city where we can buy gas. We left our main route to North Dakota and followed another path that lead to the nearest city we can buy gas. Lamesa was the city we got the gas from, at this point our GPS re-routed and followed another direction that lead to North Dakota. My phone was used as GPS this faithful day, it lead us to some very scary road which was full of farmland and bushes. When we got to the middle of the road, my phone lost network and the GPS was not responding again. We were so afraid because there were no buildings around this place, all we saw was farmland and some cows grazing on the grasses. I just kept driving straight until we got to Colorado state where we found one restaurant. We had a stopover at this restaurant for like two hours before we started the journey again. We used this restaurant wifi to set our GPS again. We drove through many state like Oklahoma, Colorado, Denver, Kansas, Nebraska and South Dakota. This journey made me to know all these states and I was so excited because traveling is part of education. Life at North Dakota was so peaceful and interesting but the weather condition over there was very harsh. It was extremely cold that we could not go and have some fun out. The place is full of mountain, hill and very high rocks. The roads were constructed on hills and mountain, I was very scared driving on the road because beside the road there were very deep pits. It took us 26 hours to complete the journey, we drove 1,350 miles from Odessa to North Dakota. I was so tired and sleepy when we got to North Dakota. I slept for two days before my body came back to normal and I said to myself â€Å"I will never drive thousands of miles in my life again.

Sickle Cell Disease Essays - Hemoglobins, Sickle-cell Disease

Sickle Cell Disease The sickle cell disease is an inherited blood disorder that affects red blood cells. People with sickle cell have red blood cells that have mostly hemoglobin's, Sometimes these red blood cells become sickle-shaped or crescent shaped and have trouble going through small blood vessels. When sickle-shaped cells block small blood vessels, less blood can get to that part of the body. Tissue that does not get a normal blood flow eventually becomes damaged. This is what causes the problems of sickle cell disease. As to this day there is really no cure for sickle cell disease. Red blood cells take oxygen from the air we breathe into our lungs to all parts of the body. Oxygen is carried in red blood cells by a substance called hemoglobin (Hemoglobin ? is the main substance of the red blood cell. It helps red blood cells carry oxygen from the air in our lungs to all parts of the body). Normal red blood cells contain hemoglobin A. Hemoglobin S and hemoglobin C are abnormal types of hemoglobin. Oxygen is carried in red blood cells by a substance called hemoglobin. The main hemoglobin in normal red blood cells is hemoglobin A. Normal red blood cells are soft and round and can squeeze through tiny blood tubes (vessels). Normally, red blood cells live for about 120 days before new ones replace them. People with sickle cell conditions make a different form of hemoglobin A called hemoglobin S (S stands for sickle). Red blood cells containing mostly hemoglobin S do not live as long as normal red blood cells (normally about 16 days). They also become stiff, distorted in shape and have difficulty passing through the body's small blood vessels. When sickle-shaped cells block small blood vessels, less blood can get to that part of the body. Tissue that does not receive a normal blood flow eventually becomes damaged. This is what causes the complications of sickle cell disease. There are several types of sickle cell disease. The most common are: Sickle Cell Anemia (SS), Sickle-Hemoglobin C Disease (SC) Sickle Beta-Plus Thalassemia and Sickle Beta-Zero Thalassemia. Sickle Cell trait (AS) is an inherited condition in which both hemoglobin A and S are made in the red blood cells, there are always more A than S. Sickle cell trait is not a type of sickle cell disease. People with sickle cell trait are generally healthy. Sickle cell conditions are inherited from parents in much the same way as blood type, hair color and texture, eye color and other physical things. The types of hemoglobin a person makes in the red blood cells depend upon what hemoglobin genes the person inherits from his or her parents. Like most genes, hemoglobin genes are inherited in two sets...one from each parent (Ex. If one parent has Sickle Cell Anemia and the other is Normal, all of the children will have sickle cell trait. 4 If one parent has sickle cell anemia and the other has sickle cell trait, there is a 50% chance (or 1 out of 2) of having a baby with either sickle cell disease or sickle cell trait with each pregnancy, When both parents have sickle cell trait, they have a 25% chance (1 of 4) of having a baby with sickle cell disease with each pregnancy). HOW DO YOU KNOW IF YOU HAVE THIS TRAIT A SIMPLE PAINLESS BLOOD TEST followed by a laboratory technique called Hemoglobin Electrophoresis will determine the type of hemoglobin you have. When you pass an electric charge through a solution of hemoglobin, distinct hemoglobins move different distances, depending on their composition. This technique differentiates between normal hemoglobin (A), Sickle hemoglobin (S), and other different kinds of hemoglobin (such as C, D, E,). Medical Problems Sickle cells are destroyed rapidly in the body of people with the disease causing anemia, jaundice and the formation of gallstones. The sickle cells also block the flow of blood through vessels resulting in lung tissue damage (acute chest syndrome), pain episodes (arms, legs, chest and abdomen), stroke and priapism (painful prolonged erection). It also causes damage to most organs including the spleen, kidneys and liver. Damage to the spleen makes sickle cell disease patients, especially young children, easily overwhelmed by certain bacterial infections. TREATMENT Health maintenance for patients with sickle cell disease starts with early diagnosis, preferably in the newborn period and includes penicillin prophylaxis, vaccination against pneumococcus bacteria and folic acid supplementation. Treatment of complications often includes antibiotics, pain management, intravenous fluids, blood transfusion and surgery all backed by psychosocial support. Like all

Developing early writing Essays

Developing early writing Essays Developing early writing Essay Developing early writing Essay From personal experience in an early years setting it can be suggested that allowing individual children to bring in toys or other items from home on selected days, and holding an American style show and tell where the child will talk about his item, not only produces good results for the class but will have children talking to each other if they possess the same or similar thing at home. Role-playing at acting out stories or poems in the home corner is also another great activity for drawing out speaking and listening skills in the early years. Although the above ideas are examples of speaking and listening strategies in the early years the importance of this skill carries on right throughout every key stage. The National Curriculum at key stages 1 and 2 stresses that children should learn to speak with confidence and listen to others, speak in a range of contexts and make relevant points during class discussions (QCA, 1999:p44-50). One enjoyable activity to promote speaking and listening in the latter key stages is to hold a group discussion after a debateable article has been read to the class. The practitioner can split the class into two halves and assign the two groups the arguments for and against. If before the discussion the practitioner asks each group to re-read the article and write down any relevant points for discussion then, in one literacy hour, not only has the teacher delivered a speaking and listening activity he has also covered a shared and guided read and a guided writing session. The final area of the Literacy hour that shall be explained is the need to develop good writing skills. According to the DfEE booklet developing early writing (2001) evidence from teachers using the National Literacy strategy suggests that the teaching of reading has been more systematic than writing and many children still find the process of writing difficult and make slow progress. White (1980) backs this up in his book Teaching written English by claiming that speech is regarded as primary importance but writing is placed a poor second. However, the teaching of writing should be an important factor for all primary schools. If pupils are to become independent writers they need to be familiar with a range of writing so that they may adapt their writing to suit their intended audience and intention of a task. Therefore, during the literacy hour teachers should designate time to the teaching of writing non-fiction, poetry and plays. (QCA, 2000) During this time writing, like reading, will often be broken down into shared and guided sessions. During shared writing sessions teachers should act as editor and scribe in activities which will allow pupil participation. For example, after an idea for writing has been introduced the practitioner should encourage children to think about wording and re-wording sentences, and debate about each others suggestions. During this time the teacher should also maintain a vigorous pace and focus on his set objectives. During guided writing pupils should be set a specific writing objective (writing a letter or a short story for example) they should then be told to return to their groups and have a go of completing their work on their own. Pupils should also be allowed to view some past examples of good quality writing before they start so they have a general idea of what is expected of them. When the activity is being undertaken it is important for practitioners to remember that although this is independent work some students will still need support from their teacher. The guided writing sessions will allow for the practitioner to spend time with one or two of his/her ability groups so as to re-enforce the learning objectives and aid in the correct writing composition. To conclude, it is thought that this essay has highlighted the importance of having a literacy hour and a national strategy from which to work from. Although the NLS is not compulsory it can be seen that by using the framework along with the national curriculum document teachers can plan and teach effective lessons using a range of fun and interactive methods. Bibliography DfEE (2001) The National Literacy Strategy: Developing early writing, London:DfEE DfES (2001) The National Literacy Strategy: London: DfES DfES (2001) The National Literacy Strategy: Progression in phonics, London: DfES Fenwick, G. (1990) Teaching childrens literature in the primary school, London: David Fulton. QCA (1999) The National Curriculum, London: QCA/DfEE QCA (2000) Curriculum guidance for the foundation stage, London: QCA White, R.V. (1980) Teaching written English, London: George Allen Unwin Ltd. Wilson, A. (2000) Language knowledge for primary teachers, London: David Fulton.

Employee Motivation From Performance Measurement And Compensation System Management Essay Essay Example

Employee Motivation From Performance Measurement And Compensation System Management Essay Essay Example Employee Motivation From Performance Measurement And Compensation System Management Essay Essay Employee Motivation From Performance Measurement And Compensation System Management Essay Essay Employees are an indispensable portion of any organisation, and they should be ever motivated in order to acquire the best consequences out of them. In the article research was conducted of 18months among 272 employees which proved that positive emotion on occupation leads to work accomplishment, occupation enrichment along with higher quality of societal context which comes from more support from supervisors and coworkers. Although the research did non turn out that positive attitude of employees lead to occupation enrichment. The article tells that elements of research have changed in past few old ages. Rather than measuring employee response towards assorted facets of work function, accent has shifted towards how societal context form attitude. This has led to wider array of constructs such as positive and negative consequence. Previously occupation satisfaction was being used to mensurate absenteeism, turnover and public presentation now emotion influence wider organisational res ults along with employee s personal result. The writer proposes that employees who feel and are exposing positive emotion on their occupation will finally see positive results in their work functions. On occupation satisfaction a batch of research has been carried on but non adequate clip has been dedicated to positive emotions. The research besides propose that alternatively of utilizing wide constructs like occupation engagement as organisational designation, it is more utile to mensurate specific emotions that employees observe or experience at work like joy, pride exhilaration. Stearns and Stearns ( 1986 ) Hagiographas showed that control of choler and experience may convey direct effects on work results. ( BARRY M.STAW, 1994 ) Employee s motive farther comes from public presentation measuring and compensation system. The article negotiations about the employee motive after taking assorted trials to turn out that how effectual it is to give compensations. Survey consequences demonstrated a positive relationship between compensation system and extrinsic motive, where as intrinsic motive is effected by publicity chances. Further the compensation system besides affect other indexs of motive like work satisfaction and turnover purpose. In many schools of idea associating to both psychological economic literature have made incentive compensation the nucleus portion of survey. From the hunt carried out there was no mark of grounds that is negative in relationship among pecuniary compensation and intrinsic motive. Though, intrinsic motive is influenced by occupation related issues like occupation enrichment. Whereas, the promotional chances are proven to help in increasing the chance of agreeable future undertakings. The feeling of being suitably treated by a company will take to just behaviour in return. Employees will set about undertaking because they feel obliged to return the sort intervention they have received, instead than the possibility of possible danger of this behaviour on future degrees of compensation. Company believes that directors have tool to separate among assorted variables that build compensation system. It is besides said that extrinsic motive can be reached by bettering the basicss of both pecu niary compensation system and promotional chances. Promotions have been shown to hold positive relationship with motive. This is the ground why it is said to be an of import managerial tool, for addition in the degree of motive. If any company manage good perceived compensation system besides has good consequence on major indexs of motive like work satisfaction and turnover. Therefore we can reason by stating that compensation system can be of great importance for directors to increase motive and single public presentation. Wage construction features and their consequent inducement besides effects through empirical observation. In conformity to employee study and forces records, grounds was provided in which rewards are attached to occupations and publicities play a cardinal function as pay determiner. ( Macro Van Harpen, 2003 ) In the article peculiar company was analyzed on history of their pay construction and the incentive effects of publicities. It was seen that rewards are attached to occupations and non to employees. About 25 % of life-time pay alterations are a direct or an indirect consequence of publicities. As we move on we happen to see that incentive consequence of wagess can be used to maneuver on internal labour markets can besides hold managerial impact. Previously, we said that incentive compensation is related to extrinsic motive, but in this article it showed that it along with extrinsic motive is besides related to intrinsic motive. One or two old ages after publicity, employees will be holding a comparatively high degree of intrinsic motive, which will finally decrease over clip. On the other manus inducements can bee seen as an option for publicities, as publicity are related to extrinsic motive. Findingss indicated in the article that strong actuating potency of publicities, both per s e and extrinsically. Restrictions are besides mentioned in respect to these findings, which are that the beginning of information which has been provided was given by the company and secondly that the outlook of publicity is measured subjectively merely. And in conclusion, motive is said to be caused by sensed outlooks of publicities despite whether this outlooks falls right or non. ( Kees Cools, 2004 ) In another article research from entrepreneurship, occupational pick, and employee engagement literature was seen to explicate what ere the factors that encouraged engagement in new corporate ventures. What is found was employee s basic determination to take part in any corporate venture is depended on the expected public-service corporation of the undertaking s incentive bundle. The consequences that were shown declared venture features, forces motive, and interactions effects should all be considered in planing any corporate ventures. Deductions in regard to this are related to the director, who should depend on the beginning of motive, different incentive bundle elements need to be emphasized. As for those employees who are said to hold extrinsic motive net income sharing is a factor that will give in strong positive impact. Whereas, employees with lower intrinsic motive, greater occupation hazard has a stronger negative impact. These two tradeoffs are necessary for directors to m aintain in head when sing optimum profit-sharing fillip packager for new venture. ( Todd Saxton, 2009 ) Another point under this subject through empirical observation examines the determiners and public presentation effects of centrality prejudice and lenience prejudice. Consequences in this peculiar article showed that directors respond to their ain inducements and penchants when measuring public presentation. When it comes to strong employee-manager relationship it positively affect centrality prejudice and lenience prejudice. Evidence shows that public presentation rating prejudices affects are non merely on current public presentation, but besides on the hereafter employee inducements. Manager s public presentation rating prejudices are non needfully linked to compensation undertaking. Although, centrality prejudice negatively is set uping the public presentation betterment whereas the grounds says nil clearly sing the lenience prejudice and public presentation. Relatively, the lenience prejudice is positively associated with future public presentation, which is reliable on behavio ural statement that prejudice can better looking equality and in bend employee motive. Inaccuracy of evaluation that is caused by directors rating prejudices is perceived to be one of the chief jobs which introduced subjectiveness into any compensation contract. However empirical surveies analyzing the effects of colored public presentation evaluations are non great in figure. Companies are more interested in the effectivity of performance-based compensation contracts in able to increase employees future public presentation, but non in the truth of public presentation evaluation. To look into how other concerns in combination to biased evaluation, act upon the effectivity of the wages of compensation that will lend vastly. ( Jasmijn.C.Bol, 2010 ) Herzberg is known as the male parent of occupation enrichment for employee s motive. He claimed that occupation satisfaction which is one nucleus portion in employee motive is non the antonym of occupation dissatisfaction. Alternatively the opposite if there is any of occupation satisfaction is no occupation satisfaction at all. If an employee is said to be good satisfied with his occupation he will finally be keener and hence more motivated towards his occupation. Therefore all the organisations should give thorough survey in conformity to do occupations more pulling to employees. And to keep employee motive is non hard, if you are traveling to maintain yourself into employees place intending you have to look at their demands in the same mode as directors consider their ain. ( Ed Zimmer, 1998 ) The manner CEO performs or his leading manner if frequently debated, since they are known to hold multiple degree of effects on all his employees. CEO have an upper direction through which they implement both direct and indirect effects. Since the CEO is a the individual with the vision who will be responsible for all the determinations taken by the house. This article talks about how two types of CEO work and how effectual their determinations are towards his/employees. These two types of CEO are 1s who own the company and other is professional CEO. The intent is to happen which leading manner has an immediate consequence toward the employees or subsidiaries of a company. ( Nancy Papalexandris, 2009 ) Work motive still lacks in many countries and hence, in order to hold a clear image one needs to analyze from new position. One can distinguish among witting and subconscious motive as that will assist in placing the demands of workers. Second, to hold survey of different types of relationships that is between general and specific motive. Third, acknowledge the function of human actions when explicating theories. If these factors are taken attention of work motive can accomplish new way. It is by all agencies besides necessary to analyze clip position, as to how employees and directors incorporate short term versus long term outcomes. This issue is of import at both organisational and single degree. Short tally is decidedly of import for the house to last otherwise there is no long term at all, but the focal point should non wholly be upon today one demand to see hereafter as good and in making so should see one s occupation accomplishments. How the organisation leaders prioritize en ds and values is non easy, as to accomplish one end they have to prorogue the other end. Employees should ever be updated of company s determination, in order to accomplish best results. ( Edwin A. Locke, 2004 ) The term motive is non ever clearly defined, at times it may mention as occupation satisfaction and other times as motive to execute, and satisfaction against pick, attempt and continuity are non similar phenomenon. Since they might non ever have same causes or effects, or at times may non impact one another. The prostration to specify footings in a clear and yet valid manner stifle cognitive lucidity hence, development in the field of work motive. There is no bound as to the geographic expedition of new thoughts in motive of workers and the more the directors or organisation is able to place the more likely they are in accomplishing their ends. Surveies besides prove that low rewards is non the factor for employees to experience sorry for, and a higher wage will convey them in high liquors. Job factors increase motive but in its absence it will non take to occupation dissatisfaction. Job factors besides known as satisfiers may include accomplishment, acknowledgment, and growing. On the contrary, hygiene factors are those that aid in cut downing dissatisfaction among employees, these factors include supervising, working conditions and security of occupation. So organisation should seek to intermix both of these factors at their best in order to accomplish the ends efficaciously. Further, employees should be rewarded harmonizing to employee s part in carry throughing their needed undertakings. There are frequently issues in this wages system as employee might see him or herself eligible to accomplishing wages, but the director is non ready to honor, at such state of affairss the employee might acquire de-motivated towards work and frequently his negative emotions arise as against his or her occupation. As motive is said to depend on how much employee wants something and how much they think that they will acquire. Further employees are by and large motivated to accomplish those ends which they have set together with their directors, as in leting them to take part will do them more energetic in able to accomplish those ends and this will do them experience of import for the organisation. Problems frequently arise at a point where cognition or information demands to be transferred among squads. Organizations can enable assorted sorts of motive and to hold assortment in the capacity to bring forth and reassign silent cognition. Since the cognition coevals and transportation are indispensable tool for organisation s competitory advantage. Intrinsic motive in indispensable for houses as discussed before every bit good, it has great many advantages in those countries where monetary value and markets play their function. The cognition transportation can non be straight linked to any one person. Directors can detect the cognition coevals and the transportation in footings of the end product that is generated, whereas explicit cognition is tradable. Directors are able to detect that how good employees with single cognition have performed and thereby they can honor employees consequently. Organizations that stress engagement and personal relationship as overlapping squads are needed. Finally houses are better able to pull off motive instead than markets. ( Bruno S.FREY, 2000 ) Executives are known as the back bone of any organisations, as they are the 1s who manage concern, take determination, and are likely the 1s who tend to better the place of their organisation. So, they should be given interest in the company in order to execute at their best towards those peculiar tasks/actions which they believe will smooth net incomes. The survey that was conducted in an organisation showed that executives should be given portion of the net income which company probably earns. This claim is uncontested, because most executives are known to be risk averse when it comes to portions of house which they manage. Further, the direction tends to portion net incomes with their employees in order to minimise losingss which arise due to negligence at work. When of all time there is higher managerial ownership we will see that more hazard is passed to employees, who will so be more careful and motivated during their occupation as they will see themselves as an of import porti on of the organisation. When direction is said to have the house, variableness in option compensation is greater. Naturally when employees do nt hold hazard involved in the house, intending that when they are to have their fixed wage they are non risk averse, whereas if they are given ownership in that context they will be more careful and more involved in the house. ( Ye Cai, 2010 )

Career Exploration and Decision Making Assignment

Career Exploration and Decision Making - Assignment Example For instance, matching idealist and really creates a conducive environment for the business company. Again, artistic and rationalist when they work in the same environment produces wonderful counseling and social team. These indicators are the best to assist one to do self-assessment and lead in choosing a suitable and satisfying career. Having diverse temperament traits combined contribute to success in many ways because each trait has its strength and weakness (Johnston 54). Hence, when there are challenges the different traits which are manifested in different person in a unique way helps in handling the case. Possessing the trait of artistry and being determined in seeing things done in a systematic way counseling can be a gratifying career. This is because these are persons who can give all for their heartwarming. Again teaching need someone who understands and knows how to relate to others the temperament traits such as realistic, idealist and rationalist fits much. Effectiveness and competency can be realized in understanding one's temperament  traits.     

Socially Responsible Procurement Programme Essay

Socially Responsible Procurement Programme - Essay Example The companies in order to be successful need to cope up with the situation maintaining profitable performance and showing ethical conduct towards investors, business partners, vendors, employees, governments and communities, and the most important customers. The companies are routinely being rewarded and punished on the basis of their performance of balanced act. Thus procurement plays a major role in the outcome. Corporate social responsibility (CSR) can be split into four distinct classifications based on a theorist's approach and view of society. The role of business in society and its related theories fall into the following foundational areas: instrumental, political, integrative or ethical (Garriga & Mele, 2004). From the instumental perspective, participation in CSR activities is endorsed only if it is in concert with wealth generation, and therefore CSR is seen as an instrument in which greater profits can be achieved, a means to an end. In political setting, business is considered as a "citizen" or part of society as a whole with responsibilities assigned thereto (Davis, 1973). The resultant power of a corporation from its operation must be used for the benefit of society and, just as importantly, harnessed as not to have negative influence on the marketplace. Further, as a member of society, a business has a responsibility to use its power effectively. Integrative approach to CSR in dicates that business and society are interdependent, where one party cannot exist without the other; and, as such, each relies on the other for validity, status and survival. According to ethical perspective, businesses through their activities must treat the individuals that compose that society fairly, must contribute to the sustainable development of the environment in which they function and forever keep in mind the "common good" in business planning. If a business can be seen as a group of individuals seeking fulfillment in society to meet its personal goals, then there is a strong relationship between the corporate sector and the "common good." For business, the "common good" would be defined as the strategic actions taken by the corporation that would help the members of that entity realize their individual goals. When action such as this is taken, the collective personal interests of the employees, when combined with the shareholders of the corporation, meld; and company su ccess is virtually guaranteed. As Carter & Jennings (2000) postulate that procurement social responsibility (PSR) consists of a wide array of

Comparison of Heterosexual-Parents and Homosexual-Parents Essay Example for Free

Comparison of Heterosexual-Parents and Homosexual-Parents Essay Most people have an automatic belief that a child who is raised by heterosexual-parents is better off than a child who is raised by homosexual-parents. The belief held by most people may make the task seem more socially acceptable. However, there is no law against it, nor is it written in stone that a child should not be raised by homosexual-parents. Furthermore, with the same amount of love, structure, effort, and stability homosexual-parents can be equally as nurturing to a child. The ideal family has always consisted of having two parents which consist of a male and a female. Nevertheless, having parents of the opposite sex does not mean a child with homosexual-parents cannot get the same adequate amount of love. A child with homosexual-parents has two parents who work and take care of them also. Both heterosexual-parents and homosexual-parents can and do show the same amount of love by spending time with the child, talking to the child, working to provide for the child, and showing the child affection. Homes with heterosexual-parents may seem to have more structure and balance because they do not appear to have to deal with any outside negativity. Negativity can result from a number of things such as race and social status, not just the marital status of the parents. Nevertheless, both a home usually has one or more parents who works and provides for the family and there is typically one parent who devotes a lot of time and energy in focusing on the family, especially on the child. Both types of parents can have rules which have to be obeyed, household chores which have to be done, and family time which is a must for raising a well-developed child in today’s society. Therefore, if heterosexual and homosexual parents disregard whatever outside negativity they may encounter and focus on the family and focus on what is important there will be the same amount of structure and balance to a child with either type of parents. Everything in life that a person believes is worthwhile takes effort and time. Parents have to put forth great effort and huge amounts of time in raising a child, especially if a parent wants a well-rounded, well-mannered, happy, smart, and what they believe to be a perfect child. Both heterosexual and homosexual parents can work towards achieving the ultimate goal of raising a perfect child. However, even though at times it may appear to be an easier challenge for heterosexual -parents, it does not mean the same goal cannot be achieved by homosexual-parents. For the sake of the child both types of parents must put forth a worthwhile effort and spend time focusing on what is best for the child. Society, as a whole, automatically has a preconceived idea that heterosexual-parents create a more stable environment for a child. However, the preconceived idea of society does not mean homosexual-parents cannot create a stable environment for a child. The two different types of parents must ensure stability for a child. Stability enables a child to focus on academic achievements and being a well-behaved child who has a stable home life does not seem to get themselves into as much trouble when compared to a child without a stable home environment. In other words, it does not matter if the child has heterosexual-parents or parents who are homosexual, stability, love, structure, and effort plays a major role in the proper development of a child.

Essay --

Alaina Novotny February 19, 2014 Research Paper Jackie Joyner-Kersee is an intelligent, generous, fun-loving famous African American who happens to also be an Olympic heptathlete. Inspite of growing up in a big family, a dangerous neighborhood, and with little money, she grew up to be the record holder of the long jump and to own many Olympic medals. Jacqueline Joyner, widely known as Jackie Joyner, was born March 3, 1962 in East St. Louis, Illinois. She was named Jacqueline after President John Kennedy’s wife. When she was born, her grandmother predicted, â€Å"Someday this girl will be the first lady of something.† (Source 2) Oddly enough, her prediction came true. The Joyner family consisted of Alfred, Mary, Al, Jackie, Angela, and Debra. Jackie’s family was Baptist. Mary and Alfred Joyner needed to work hard to help support their family, since they married at a young age. Mary worked as a nurse’s assistant at St. Mary’s Hospital. The family was very poor. Most of their dinners were bread and mayonnaise. Also, Jackie only owned one pair of shoes. Additionally, Jackie participated in many different sports. When she was younger, Jackie studied modern dance and she was in a dance group called the Fabulous Dolls. This was what Jackie thought she wanted to do with her life, until her dance coach unexpectedly died. She could not move on after that incident. Along with dance, she was also a cheerleader. She participated most of her sports at Mary E. Brown Community Center. Which included track and field, basketball, and volleyball. She excelled well in every sport she did, especially the ones she did at Mary E. Brown Community Center. Jackie started track and field when she was nine years old. By twelve, she had jumped almost seventeen f... ...ld record holder for long jump. Then, in 1987, she scored the longest legal jump that year by a woman in the United States. However, Jackie ended up retiring from track and field because of her asthma. When she was finished with track and field she joined the Richmond Rage a basketball team in the American Basketball League. She also had enough time to write and publish an autobiography in 1997 titled A New Kind of Grace which was all about the story of how she became an Olympian. Jackie Joyner is known for her determination, bravery, and of course her six Olympic medals but there is more to becoming an amazing athlete than training, you have to be dedicated. She overcame a life of little money and without having much training equipment, to live a life as an Olympian. â€Å"It’s better to look ahead and prepare, than to look back and regret.† –Jackie Joyner (Source 3)

Night World : Black Dawn Chapter 2

Beside her, Jake growled again, but Maggie only heard it distantly. No one else even lookedtoward them. I can't believe how well I'm taking this, Maggiethought. Something's wrong with me. I'm not hysterical at all. Her mind had gotten hold of the idea quiteclearly, but there was no reaction in her body, no terrible feeling in her stomach. An instant later itswept over her, exactly what she'd been afraid of. A wash of adrenaline that made her skin tinglepainfully and a horrible sensation of falling in her stomach. A numbness that started in her cheeksand spread to her lips and jaw. Oh, please, she thought stupidly. Please let it notbe true. Maybe he's just hurt.That would be allright. He had an accident and he's hurt-but notdead. But if he were hurt her mother wouldn't bestanding there screaming. She would be on her way to the hospital, and nobody could stop her. So thatdidn't work, and Maggie's mind, darting and wheel ing like a frightened little animal, had to go back to Please don't let this be true. Strangely, at that moment, it seemed as if theremight be some way to make it not true. If sheturned around and sneaked back to her bedroombefore anyone saw her; if she got into bed and pulled the blankets over her head and shut hereyes†¦ But she couldn't leave her mother screaming like this. Just then the screams died down a little. Her father was speaking in a voice that didn't sound at all like his voice. It was a sort of choked whisper.†But why didn't you tell us you were going climbing? If you left on Halloween then it's been sixdays. We didn't even know our son was missing†¦.† â€Å"I'm sorry.† Sylvia was whispering, too. â€Å"Wedidn't expect to be gone long. Miles's roommatesknew we were going, but nobody else. It was justa spur-of-themoment thingwe didn't have classeson Halloween and the weather was so nice andMiles said, hey, let's go out to Chimney Rock. And we justwent†¦.† Hey, let's go.He used to say that kind of thing to me, Maggie thought with a strange, dazed twinge.But not since he met Sylvia. The male sheriff was looking at Maggie's father.†You weren't surprised that you hadn't heard from your son since last Friday?† â€Å"No. He's gotten so independent since he movedout to go to college. One of his roommates calledthis afternoon to ask if Miles was here-but hedidn't say that Miles had been gone for almost aweek. I just thought he'd missed a class orsomething†¦.† Maggie's father's voice trailed off. The sheriff nodded. â€Å"Apparently his roommatesthought he'd taken a little unauthorized vacation,†he said. â€Å"They got worried enough to call us tonight-but by then a ranger had already pickedup Sylvia.† Sylvia was crying. She was tall but willowy, fragile looking. Delicate. She had shimmering hair sopale it was almost silvery and clear eyes the exactcolor of wood violets. Maggie, who was short andround faced, with fox-colored hair and brown eyes,had always envied her. But not now. Nobody could look at Sylvia nowwithout feeling pity. â€Å"It happened that first evening. We started up,but then the weather started turning bad and weturned around. We were moving pretty fast.† Sylviastopped and pressed a fist against her mouth. â€Å"It's kind of a risky time of year for climbing,† the female sheriff began gently, but Sylvia shookher head. And she was right, Maggie thought. It wasn't thatbad. Sure, it rained here most of the fall, but sometimes what the weather people called a high pressure cell settled in and the skies stayed blue for amonth. All hikers knew that. Besides, Miles washt scared of weather. He wasonly eighteen but he'd done lots of hard climbs in Washington's Olympic and Cascade ranges. He'dkeep climbing all winter, getting alpine experience in snow and storms. Sylvia was going on, her voice getting more jerkybreathless. â€Å"Miles was†¦he'd had the flu aweek before and he wasn't completely over it. Buthe seemed okay, strong. It happened when we were rappelling down. He was laughing and joking andeverything†¦. I never thought he might be tired enough to makea mistake†¦.† Her voice wavered turned into a ragged sob and the ranger puthis arm around her. Something inside Maggie froze. Amistake?Miles? She was prepared to hear aboutasudden avalanche or a piece of equipment failing. Even Sylviafalling and knocking Miles off. But Miles makinga mistake? Maggie stared at Sylvia, and suddenly somethingin the pitiful figure bothered her. There was something odd about that delicatelyflushed face and those tear-drenched violet eyes. Itwas all too perfect, too tragic, as if Sylvia werean Academy award-winning actress doing a famousscene-and enjoying it. â€Å"I don't know howit happened,† Sylvia was whispering. â€Å"The anchor was good. We should have hada back-up anchor, but we were in a hurry. And he must have †¦oh, God, there must have beensomething wrong with his harness. Maybe thebuckle wasn't fastened right, or the carabiners might have been upside down†¦:' No. Suddenly Maggie's feelings crystalized. It was asif everything came into focus at once. That's impossible. That's wrong. Miles was too good. Smart and strong and anamazing technical climber. Confident but careful. Maggie only hoped she'd be that good someday. No way he'd buckle his harness wrong, or clip his ‘biners upside down. No matter how sick hewas. In fact, no way he'd go without a back-upanchor. I'mthe one who tries to do things like that,and then he yells at me that if I'm not careful I'm going to have an adventure. Miles doesn't. So it meant Sylvia was lying. The thought came to Maggie on a little wave ofshock. It made her feel as if she were suddenlyspeeding backwards, or as if the room were receding from her very fast. But why?Why would Sylvia make up such a terrible story? It didn't make any sense. Sylvia had a hand half covering her eyes now.†I looked for him, but †¦there was icefall†¦a crevasse†¦Ã¢â‚¬  No body. She's saying there's no body . With that, a new wave of heat swept over Maggie.And, strangely, what made her certain of it was Sylvia's eyes. Those violet eyes had been turned down for mostof the time Sylvia had beentalking, fixed on theSpanish tiles in the entry hall. But now, as Sylviagot to the last revelation, they had shifted toward Maggie. Toward Maggie's feet. They fixed there,slid away, and then came back and stayed. It made Maggie glance down at her own feet. My socks. She's staring at my socks. One red and one blueand she's noticing that. Like an actress who's said the same lines oftenenough that she doesn't even need to pay attention to them anymore. All at once, hot anger was burning through Maggie's shock, filling her so there was no room foranything else. She stared hard at Sylvia,whoseemed to be very far away but very bright. And inthat same instant she knew for certain. This girl is lying. She must have done something-something terrible. And she can't show us Miles's body – or maybethere isn't a body because he's still alive. Yes! Maggie felt suddenly lifted by hope. It is alla mistake. There's no reason for Miles to be dead.All we have to do is make Sylvia tell the truth. But nobody else in the room knew. They wereall listening asSylvia went on with her story. Theyall believed. â€Å"I didn't get out before the weatherhit†¦.I hadto stay in the tent for three days. When I got out Iwas so weak, but I managed to signal to some climbers. They saved me, took care ofme†¦.Bythen it was too late to look for him. I knew there was no chance he'd made it through thatstorm†¦.† She broke down completely. The ranger began talking about weather conditions and recovery efforts, and suddenly Maggie'smother was making strange gasping noises andsinking toward the floor. â€Å"Mom!† Frightened, Maggie started toward her.Her father looked up and seemed to realize for thefirst time that she was there. â€Å"Oh, Maggie. We've had some bad news.† He's trying to take care of me. But he doesn'trealize†¦I've got to tell him†¦. â€Å"Dad,† she said urgently.† L isten. There's something-â€Å" â€Å"Maggie,† her mother interrupted, stretching outa hand. She sounded rational, but there was something wild in her eyes. â€Å"I'm so sorry, baby. Something awful has happened-â€Å" And then she fainted. Suddenly Maggie's fatherwas staggering under dead weight. And then theranger and one of the sheriffs were brushing pastMaggie. They were holding her mother up, and hermother's head was lolling, moving around on aboneless neck, and her mother's mouth and eyeswere part open and part closed. A new kind ofawful feeling came to Maggie, making her weakand giddy. She was afraid she would faint herself. â€Å"Where can we-† the male officer began. â€Å"There's the couch,† Maggie's father said hoarselyat the same time. There was no room for Maggie.She could only stand out of the way and dizzilywatch them carryher mother. As they did, Sylvia began murmuring. It tookMaggie a moment to focus on the words. â€Å"I'm sosorry. I'm so sorry. I wish there was something †¦I should go home now.† â€Å"You stay right here,† the female officer said,looking toward Maggie's mother. â€Å"You're in no condition to be walking anywhere. You'd be in the hospital now if you hadn't insisted on coming herefirst.† â€Å"I don't need a hospital. I'm just so tired..:'The officer turned. â€Å"Why don't you go sit in thecar?† she said gently. Sylvia nodded. She looked fragile and sad as shewalked down the path toward the squad car. It wasa beautiful exit, Maggie thought. You could practically hear the theme music swelling. But Maggie was the only one with the chance toappreciate it. She was the only one watching asSylvia reached the car †¦ and paused. And then turned away from it and continued ondown the street. And the end credits run, Maggie thought. Then she thought, she's going to her apartment. Maggie stood frozen, pulled in two directions. She wanted to stay and help her mother. But something inside her was utterly furious and focused and it was screaming at her to follow Sylvia.Instinct had always been Maggie's strong point.She hung there for a moment, with her heartpounding so hard that it seemed to be coming out-of her mouth. Then she ducked her head andclenched her fists. It was a gesture the girls on her soccer teamwould have recognized. It meant that Steely Neelyhad made up her mind and was going to rush inwhere smarter people feared to tread. Look out,world; it's stomping time. Maggie whirled and dashed back down the hallinto her bedroom. She slapped the light switch on and lookedaround as if she'd never seen the place before.What did she need-and why did she always keepit so messy? How could she find things? She kicked and pulled at a pile of bath towelsuntil a pair of hightop tennis shoes emerged, thenshe jammed her feet in them. There was no timeto change her pajama top. She snatched a dark blue jacket off the floor and found herself, just fora moment, nose to nose with a photograph stuckinto the frame of her mirror. A picture of Miles, on the summit of MountRainier. He was grinning and giving the thumbs upsign. His hat was off and his auburn hair was shining in the sun like red gold. He looked handsomeand a little wicked. Scrawled in black marker across white snow was†For the bossiest, nosiest, stubbornest, BEST little sister in the world. Love, Miles.† With no idea whyshe was doing it, Maggie pulledthe picture out of the mirror. She shoved it in herjacket pocket and ran back down the hall. Everyone was gathered around the couch, now.Even Jake was nosing his way in. Maggie couldn't see her mother, but the lack of frantic activity toldher that there wasn't any crisis going on. Everyoneseemed quiet and restrained. It'll just take a few minutes. It's better for me notto tell them anything until I'm sure. I'll probablybe back before they even realize I'm gone. With that jumble of excuses in her mind, sheslipped out the front door to follow Sylvia.

In Tim O’Brien Essay

In Tim O’Brien’s â€Å"How to Tell a True War Story,† the author tries to humanize war by letting the reader know how absolutely difficult telling a war story is. He does this by giving many unsolicited pieces of advice about how to tell a true war story, but many of them directly contradict each other or do not make sense when compared side-by-side. In giving these pieces of advice, he is also telling war stories that either do or do not fit his own criteria. And yet, he humanizes the people involved in fighting this war by giving the reader these lessons. One great example of this is when he tells the story of Rat Kiley and Lemmons. O’Brien begins by telling the reader that â€Å"a true war story is never moral†(O’Brien). He continues with, â€Å"If at the end of a war story you feel uplifted, then you have been made the victim of a very old and terrible lie† (O’Brien). Then he tells us first the story of Rat Kiley writing this letter to the sister of his best friend who died. Kiley pours his heart out to this woman and she never writers back, and he has a derogatory comment about the sister. This certainly is not uplifting, but Rat Kiley has been humanized. The reader can somewhat imagine writing this letter and understands what it would take to write a letter like this, and then to have it unacknowledged. While O’Brien tells us almost nothing directly of the character of Rat Kiley, the reader learns mounds of information about his character nonetheless. O’Brien continues on to tell us about the death of Lemmons, and then he explains that even his own telling of the story is subjective. What he thinks he saw versus what might have actually happened are two different things. We didn’t know Lemmons, but again, we feel like we know something of his character from hearing this story. O’Brien is able to provide such beautiful or not so beautiful characterizations of these men without really telling the reader anything. But these men are humanized for us. They are not statistics in a war; they are real men. Another lesson O’Brien teaches is that â€Å"In a true war story, if there’s a moral at all, it’s like the thread that makes the cloth. You can’t tease it out. You can’t extract the meaning without unraveling the deeper meaning. † He tells us that true war stories do not generalize but they make us feel it in our stomachs. We can’t generalize to something simple like â€Å"War is hell. † He then tells us another story of Rat Kiley when he slowly slaughters the water buffalo. The reader is horrified, but also at some level understands why Rat Kiley did this. The water buffalo becomes a symbol of the breakdown during war itself. The incredible need for violence and retribution is strong. It is a horribly sad story of the slaughter of an animal. But based on what we already know about just what Rat Kiley has been through, we understand him on some gut level. War is hell, but it is also mystery and beauty. â€Å"Though it’s odd, you’re never more alive than when you’re almost dead. † The reader can understand this and understand the characters better because of it. These men are not monsters; they are just men. They are fighting a terrible war and are forced to do terrible things, but they are human. â€Å"At the hour of dusk you sit at your foxhole and look out on a wide river turning pinkish red, and at the mountains beyond, and although in the morning you must cross the river and go into the mountains and do terrible things and maybe, die, even so, you find yourself studying the fine colors on the river, you feel wonder and awe at the setting of the sun, and you are filled with a hard, aching love for how the world could be and always should be, but now is not† (O’Brien). This passage describes all men in war, and even though Rat Kiley has done terrible things, we understand a little bit about what he must be thinking. We understand how these men value their lives even more because of war. In O’Brien’s unique way, these men are truly humanized. By providing the reader with various instructions throughout the story about what a true war story isn’t and what a true war story is, these men are deeply humanized. The reader understands from Tim O’Brien that war is never as simple as it seems, and neither are the men who fight the war. He tells us horrible stories about these men, and yet, these stories help us to understand the men better. With the commentary O’Brien provides about how to write a true war story, the reader understands so many things. We understand that these â€Å"true† war stories may not even actually be true in the most common sense of the word. We understand that, no matter what, they are never simple. The lessons are never clear. They are not pretty, and if they are, they are not true. In other words, the characters of war are as complex as the reasons we fight wars. While it would be nice to have a tidy moral, there are none. At the bottom of it all are human lives. These men are not heroes and they are not monsters.

Free Essays on Music In Elementary School

Music in Elementary School â€Å"From music and dance to painting and sculpting, the arts allow us to explore new worlds and to view life from another perspective. They also encourage individuals to sharpen their skills and abilities and to nurture their imagination and intellect.† President George W. Bush Music is and art form that is sometimes forgotten or overlooked in today’s elementary schools. The education of music can change lives in profound magical ways. Music is not just for the best or most privileged students. It is unquestionably for every walk of life. Music is much more than just an extra activity for kids. Participation in such an art opens up children’s worlds and minds, and offers them the skills for a bright future. Recent studies have shown kids who study music do better in other subjects; as well as score higher on standardized test, stay out of trouble and are more likely to go onto college. There are many skills required to be successful in today’s workforce. The study of music offers many of these skills; some of them are teamwork, problem solving, discipline, and self-motivation. Music may be the foundation for later math and science excellence. In Japan, Hungary and the Netherlands, music instruction is required. In Japan, students get a minimum of two courses per week in music-making. In Hungary, students get three classes a week unless they enroll in the music magnet schools where they get it every day. In the Netherlands, music and other arts are mandatory. Today, students are assigned comprehensive art projects to complete prior to graduation. The payoff is that their Math and science scores are near the top in the world. Music Enhances Cognition The exposure to music contributes to the development of essential cognitive systems which in... Free Essays on Music In Elementary School Free Essays on Music In Elementary School Music in Elementary School â€Å"From music and dance to painting and sculpting, the arts allow us to explore new worlds and to view life from another perspective. They also encourage individuals to sharpen their skills and abilities and to nurture their imagination and intellect.† President George W. Bush Music is and art form that is sometimes forgotten or overlooked in today’s elementary schools. The education of music can change lives in profound magical ways. Music is not just for the best or most privileged students. It is unquestionably for every walk of life. Music is much more than just an extra activity for kids. Participation in such an art opens up children’s worlds and minds, and offers them the skills for a bright future. Recent studies have shown kids who study music do better in other subjects; as well as score higher on standardized test, stay out of trouble and are more likely to go onto college. There are many skills required to be successful in today’s workforce. The study of music offers many of these skills; some of them are teamwork, problem solving, discipline, and self-motivation. Music may be the foundation for later math and science excellence. In Japan, Hungary and the Netherlands, music instruction is required. In Japan, students get a minimum of two courses per week in music-making. In Hungary, students get three classes a week unless they enroll in the music magnet schools where they get it every day. In the Netherlands, music and other arts are mandatory. Today, students are assigned comprehensive art projects to complete prior to graduation. The payoff is that their Math and science scores are near the top in the world. Music Enhances Cognition The exposure to music contributes to the development of essential cognitive systems which in...

12 Angry Men Essays (864 words) - English-language Films

12 Angry Men Essays (864 words) - English-language Films 12 Angry Men Twelve Angry Men Leaders are defined by two separate characteristics; those who are appointed as the leader and those with no special title that emerge as influential. In the movie Twelve Angry Men, Henry Fonda portrays a character that gains respect by others for emerging as a leader. Along with holding leadership abilities, his actions also resulted in classic communication techniques. At the beginning of the movie, it may seem that Fonda is displaying deviant behavior. The scene opens with the jurors casting guilty votes to determine a thoughtless verdict. All eleven jurors, except one (Fonda) voted guilty. As a viewer watching this movie, you have to give the character consideration since he decided to go against the norm and vote not guilty. He could be considered a deviant because he has no valid evidence to prove his verdict, but he says that there is enough reasonable doubt to question the validity of the case. Is he not voting guilty just to get a rise out of everyone or is he really questioning the case? It is obvious that the other characters are not amused and single him out. This is also a deviant trait. However, this deviant trait leads into an emerging leadership that the other characters respect. As a leader, Henry Fonda stands out for various reasons. One of the most prominent is at the beginning of the movie. Fonda begins to display task-related functions by offering up a new idea to the group. In this case, it was the idea of the boy being not guilty. Although the men were upset with him, the thought had crossed their mind long enough to realize he may be right. By offering up his opinion and a new suggestion, he opened the door for character development of the other jurors. This then creates new options and processes for the group to explore. However, this also creates secondary tension and new power struggles. Fondas point was that he had no substantial evidence to prove that he knew the boy was not guilty, but he had enough doubt to make the claim. Since the rest of the jurors had their minds focused in guilty-mode, the secondary tension arrives to disrupt their substantive agreement. For example, Fonda is constantly ridiculed by the smaller minded of the jurors: the bigot or the sports fan. Others, however, are more open-minded and are curious to hear what he has to say. For example, the old, old man sitting next to Fonda seemed to be the most intrigued by Fonda, simply because he had the courage to be different. It is obvious to the viewer that Fonda is the leader, but as the rest of the jurors come into their own; you begin to question their effectiveness. For example, a power struggle is constantly brewing between Fonda and the juror with the picture of his son. Out of all the jurors, he outs up the most vicious fight. In the beginning, certain traits, such as his aggressiveness or persuasiveness, may have identified him as a leader. Although in the end, he had become the deviant to the other members of the jury. However, even as the secondary tension is increasing, Fonda begins to emerge as the leader by elaborating on what every juror was trying to say or making suggestions to keep the group focused. Toward the middle of the movie, he had persuaded almost half of the jury to be not guilty! They even started to go up to him and ask him what he really thought about the case. All he could say was all of it could have possibly not happened. This obviously wasnt enough to convince the more challenging characters. One of the communication concepts that Fonda demonstrates throughout the movie is the contingency concept. This holds that attaining appropriate leadership behaviors depends on the situation. Fonda attained this concept very eloquently. He had to take into consideration that he was going to be facing very tough ridicule and since he knew nothing of the other jurors, he had to keep an open mind about all of their suggestions as well. The jurys setting was so complex. Opposing views were flying all over the place.

Business and Corporate Law Coursework Example | Topics and Well Written Essays - 2750 words

Business and Corporate Law - Coursework Example Therefore, the study covers advice to a director on issues of legal implication of incorporating a company, the duties of a director, consequences of breach of duty by a director, the doctrine of ultra vires, the raise of capital by a Company, and types of capital and the naming of a Company. Rather than a partnership, which pertains to a business carried out by two or more individuals after coming into existence through registration under the UK Partnership Act of 1980. The partners have individual liability; an incorporated private company limited by shares means a company with two to fifty shareholders whose liability to the company debts becomes limited to the shares they contribute to the Company (Charlesworth 2005, p. 43).The Company must be registered under the UK Companies Act of 2006, an Act that regulates the governance of incorporated Companies. Therefore, the promoters of Dart Company operate now under a different act with different roles and responsibility distinct from those of partnership. Once incorporated or registered, Oliver M.S &Marshall, (1994) argue that the Company from the date of incorporation, mentioned in the certificate of incorporation becomes an artificial legal person or body corporate capable of the following: having a separate legal personality where the company acts solely rather than dragging the names of the shareholders in to the dealings; having limited liability, now the shareholders of Dart Company have liability to the Company debts limited to the shares held in the Company; having the ability to own property; having locus standi of suing, so legal suits come under the name Dart Limited Company rather than the share holders names (Oliver M.S &Marshall, 1994, p. 104). Similarly, having perpetual succession where the company cannot die naturally but legally, therefore, even if the shareholders of Dart Company where to die the company could survive and the shares be vested on the heirs. In

Cause and effect (Why I choose my major) Essay Example | Topics and Well Written Essays - 500 words

Cause and effect (Why I choose my major) - Essay Example I desire to be part of this phenomenon, now as a student and later as a teacher. Being the product of a mother who teaches elementary school, the importance of learning, of being educated and of educating others has been conveyed to me on an everyday and more than just by words alone from the time of my earliest childhood memory. It caused me to look at learning differently than most other students in my age group. Many kids thought of school as a punishment of sorts, something they had to do much like chores or eating their peas. I didn’t relish every minute of every class, like all teachers or enjoy all homework assignments yet knew of the important component of each. From the boring classes I learned, ultimately, that making class-time interesting or even fun made learning more effective. From the particularly tough classes I learned that every child learns at a different pace and are simply better at some subjects than others. Though it is impossible to fashion a lesson plans that fit the needs of all students, it is possible to make two paths of lear ning, one for those who pick up the information quickly and one for those who do not. If the teacher is really interested, has a passion for the job, they can find a method by which to positively affect the most students in the time available. This is what was going through my mind in third or fourth grade as I sat in class. I was destined to teach. Beside my mother, several teachers inspired my desire for a career in education. Some, because they were so disinterested in their chosen profession, motivated me and possibly as much as any other. I could readily see that the students were not only as disinterested as the teacher but their perception that school was punishment was reinforced. This negative perception was transferred to other classes which diminished the student’s entire educational experience. The damage to their lives is incalculable. If the fire of knowledge acquisition is not lit as a

Neighbourhoods and Community Comparative Studies Essay

Neighbourhoods and Community Comparative Studies - Essay Example This article authored by DeFillipis and his colleagues handles a critical aspect of reconsidering the significance of the community in the contemporary setting. Evidently, this article serves to place emphasis on the attention the community has received from different scholars. This article undertakes an in-depth analysis of the relevance of the community in the contemporary setting where many nations in the globe have adopted the neoliberalism ideology. Neoliberalism has contributed immensely new roles of the state, and altered the hierarchy of public service provision (DeFillipis, Fischer, and Schrage 2006, p. 686). This has served to introduce a critical significance of the concerted efforts of communities and collaborations with the private sector. Evidently, the globe is moving towards a restructured market and economic policies as the authors explain, factors that have altered the functions of community efforts. The authors place focus on the romanticized view of communitariani sm, as well as two types of sceptical and critical views highlighted by different theorists and scholars. After such analysis of the views exhibited by different scholars, the article reveals certain progressive promoters. This article authored by DeFillipis and his colleagues handles a critical aspect of reconsidering the significance of the community in the contemporary setting. Evidently, this article serves to place emphasis on the attention the community has received from different scholars. This article undertakes an in-depth analysis of the relevance of the community in the contemporary setting where many nations in the globe have adopted the neoliberalism ideology. Neoliberalism has contributed immensely new roles of the state, and altered the hierarchy of public service provision. This has served to introduce a critical significance of the concerted efforts of communities

Psychological Association Essay Example for Free

Psychological Association Essay The code, first published in 1953, is applicable to psychologists of all categories though various principles are mostly relevant to clinical psychologists in their activities of research, teaching, assessment and therapy. The objective of these codes is to instill ethical behavior among psychologists. The code is categorized into two groups namely: Ethical standards; It encompasses rules that are enforceable and specific covering a great deal of activities performed by psychologists. Ethical standards are further categorized into 10 groups with a sum total of 89 standards. They include; Impact of the APA code of ethics to psychology The field has mostly committed people who have a far greater motivation for doing their work other than material wellbeing. This stems from observing the virtue that proclaims that psychologists should not harm clients but strive to benefit them. Keenness and high levels of professionalism are more pronounced in the field due to the fact that accuracy and truthfulness is one of the guiding principles for psychologists. The principle stressing for forging of close friendships between psychologists and their clients has the likely effect of speeding up the recovery of clients. This is because one major reason why clients see psychologists is due to problems associated with neglect and loneliness (Lane, Meisels, 1994, p. 34). The public has more trust in psychologists because they are assured of the fact that their confidential information is safely guarded. The chances of a client opening up to a psychologist are therefore high. This in turn makes diagnosis and therapy more effective due to the availability of accurate information. The fact that psychologists happen to be calm and composed people makes the atmosphere around an examination room relaxing. This in turn makes the client who might be inclined to overexcitement also composed. Therapy and examination is thus greatly simplified. The existence of a universally accepted code for the discipline makes it easier to compare notes among scholars from different backgrounds. This in turn makes the synchronization of activities easier and hence connecting of scholars from different parts of the globe. Sharing of ideas is thus enhanced with the ultimate result of improving the quality of content in the discipline (Lane, Meisels, 1994, p. 56) Reference MchWhirter Darien (1995) Equal Protection. New York: Oryx Press, pp. 23, 78 Lane Robert Meisels Murray (1994) A History of the Division of Psychoanalysis of the American Psychological Association. New York: Lawrence Erlbaum Associates, pp. 34, 56 .

All Quiet On The Western Front Themes :: essays research papers

1) The Destructiveness of War A major theme, not only on lives and property, but also on the human spirit. Men are subject to physical torment-eyes are blinded, limbs are blown off, blood flows everywhere, and innocent men die in agony. When soldiers take shelter in the graveyard, bombs explode all around them, the living hide in coffins and the dead are thrown from their graves. The destructive power is so great that even the fundamental differences between life and death become blurred. The impact of war on the spirit is subtle. They find themselves less able to returrn to civilian life- friends die all around them. 2) The Lost Generation This theme is an offshoot of the destructiveness of war. Paul's generation grew up too fast, its perceptins of life grossly distorted by the horror or war. The youthful idealism that might someday have blossomed into constructive maturity has been nipped in the bud. Unlike earlier generations, Paul can never again hope to find comfort and inspiration in the hollow rhetoric of politicians and generals. The war has shattered their illusions. Their innocence is gone, and only in aimless skepticism is left to fill the void. 3) Comraderie The theme of comraderie occurs constantly in the novel. The comraderie that exists in Paul's company keeps them from being driven insane by the horrors all around them. In a sense, the comraderie among Paul's friends can be seen as a last desperate clinging to the innocence of youth. These young men were transported almost directly to the battlefield from the schoolyard. The adolescent pranks of Paul and his classmates can be seen in their "adult" behavior, as in their attack on Himmelstoss. If the social responses of Paul adn his friends seem at time childish, it is essential to remember that these are young men whose experience of life took them directly to the barracks from the classroom. If they seem immature, it may be because they weren't given the chance to grow up normally. The best example of this theme os when Kat and Paul shared their roasted goose with Kropp and Tjaden. They were taking care of each other. 4) Alienation The theme of alienation develops as the novel progresses. At first, Paul and his friends still behave as if their lives will someday return to normal. In the middle of the book, Paul goes home on leave, only to discover that his real home is now with his friends on the front.

Pifzer Inc.’s Cost of Capital and Capital Structure

Pfizer Inc. ’S Cost of Capital and Capital structure – Xiaoyue Shi The costs of capital and capital structures for Pfizer Inc. and its two competitors Merck & Co. Inc. and Johnson & Johnson in the pharmaceutical industry are analyzed in this memo. When calculating the cost of common stock for the three companies, three different approaches including Capital Asset Pricing Model (CAPM), Discounted Cash Flow (DCF) and the bond yield plus risk premium are applied (Appendix A). For CAPM approach (Figure 1 & 3), the risk-free rate (rRF) used is the rate on the U. S. 10-year Treasury bonds, which is 1. 66.The market risk premium (RPM) is the required return on the stock market minus rRF. The required market return used here is the average 20 years rates of return on S&P 500. With highest beta (0. 71), Merck has the higher estimated cost of equity (6. 167). Pfizer has lower estimated cost of equity (5. 910) with lower beta (0. 67). Because of the lowest beta (0. 48), Johnson & Johnson has the lowest estimated cost of equity (4. 697). For DCF approach (Figure 2 & 4), the stock price used is the current stock price. The expected growth rate (g) is the annualized growth rate based on the dividend growth over the past 10 years.Among the three companies, Johnson & Johnson has the highest estimated cost of equity due to its highest expected growth rate in dividends. Pfizer’s estimated cost of equity is much lower than Johnson & Johnson. Having the lowest expected growth rate in dividends, Merck has the lowest cost of equity. For bond yield plus risk premium approach (Figure 5), the bond yield (Figure 7) for Pfizer, Merck and Johnson & Johnson are 2. 0724, 2. 5553, and 1. 9629 respectively. Since their betas are Pfizer 0. 67, Merck 0. 71 and Johnson & Johnson 0. 48, and all below 1, the three companies’ judgmental risk premium estimated as 3. , 3. 4, and 3, respectively. According to the bond yield plus risk premium method, the estimated costs of e quity are Pfizer 5. 3724, Merck 5. 9553, Johnson & Johnson 4. 9629. The final estimated costs of equity for the three companies in this memo are the averages of the three approaches (Figure 6), and they are Pfizer 5. 83, Merck 4. 44, Johnson & Johnson 7. 36. The three companies do not offer preferred stocks in public (Appendix B). Their costs of preferred stock would be zero. Although Pfizer offer Preferred stock for their employees, its costs of preferred stock still estimated as zero.According to the debt-rating organizations such as Moody’s, S&P, the three companies’ bond ratings are very high (Figure 7). The tax rates used for calculating the costs of debt are the average tax rates for the last four years (Appendix C, Figure 10). And their after-tax cost of debts are similarly low, for example, Pfizer 1. 657, Merck 1. 991, Johnson & Johnson 1. 528 (Figure 9). When calculating the percentage of debt and common equity (Appendix D, Figure 12), the common equity used i s the market value of equity, and the book value of company’s debt is used as a proxy of the market value of debt.According to the formula in Appendix D, the weighted average costs of capital (WACC) for the three companies are Pfizer 1. 86, Merck 2. 17, Johnson & Johnson 2. 15. The WACCs are quit low for the three companies as pharmaceutical giants. The debt ratios for last four years for the three companies were all around 50% (Appendix E, Figure 13). For example, in 2008, Pfizer’s debt ratio was 48. 1%, Merck was 55. 2%, Johnson & Johnson was 49. 9%; in 2009, Pfizer was 57. 5%, Merck was 45. 5%, Johnson & Johnson was 46. 6%; in 2010, Pfizer was 54. 7%, Merck was 46. 3%, Johnson & Johnson was 45%; in 2011, Pfizer was 56. %, Merck was 45. 8%, Johnson & Johnson was 49. 8%. Pfizer’s debt ratios were a little higher than its two competitors. But they all have quite similar capital structures with similar borrowing capacities. The three companies’ assets are financed with around 50% equity, and their risks of bankruptcy are low. Because involved in the pharmaceutical industry, the three companies are focusing on R&D, innovation and raise productivity, which are very costly for them. The three companies all have a lot borrowings. Drug development needs a lot of resources and quite inefficient.High failure rates cause a lot pharmaceutical companies unable to make profit and went bankruptcy. Based on the circumstances, the three companies all have very good capital structures in the pharmaceutical industry. They may have to figure out a way to cut their costs, and have even better capital structures. Pfizer used accelerated depreciation methods for tax purpose. Its depreciation & amortization increased a lot since 2009 (Appendix F, Figure 14). For example, it was $5,090 million in 2008, and $4,757 million in 2009, but it was $8487 million in 2010, and $9026 million in 2011.The huge increase in depreciation was mainly because of the merger with Wyeth in 2009. Merck mainly used accelerated depreciation methods for tax purpose except that its depreciation on intangibles was applied with primarily straight-line methods. Its depreciation & amortization also increased since 2009. For instance, it was $1,631. 2 million in 2008, and $2,576 million in 2009, but it was $7,381 million in 2010, and $7,427 million in 2011. The increase in depreciation was also because of the merger. Merck was also involved in a merger with another pharmaceutical company Schering-Plough in 2009.Johnson & Johnson had quite stable depreciations. And the straight-line methods were applied in this company. The three companies all paid stable dividends in last four years (Appendix G). Pfizer paid lowest dividends among them. Johnson & Johnson paid highest dividends. Only Johnson & Johnson performed stock repurchases (Figure 15 & 16). They (in shares) were 100,970 thousands in 2008, 37,114 thousands in 2009, 45,090 thousands in 2010, 39,741 thousands in 2011. And the money (in millions) used for stock repurchases was $6,651 in 2008, $2,130 in 2009, $2,797 in 2010, $2,525 in 2011.In my point of view, Pfizer and its two competitors – Merck and Johnson & Johnson all have low cost of capital. Although they all involved in a lot borrowings , they all have very good capital structures as pharmaceutical companies. The reason is that the costs in R&D and innovation are extremely high in the pharmaceutical industry. Reference: 1. Brigham, Eugene F. and Michael C. Ehrhardt. Financial Management Theory and Practice, 13th Edition, Thompson South-Western, ISBN-13# 978-14390-7809-9, ISBN-10#1-4390-7809-2 2. http://www. mergentonline. com/login. php 3. http://www. how. com/how_5833592_determine-target-debt-equity. html 4. http://cxa. gtm. idmanagedsolutions. com/finra/BondCenter/Watchlist. aspx 5. ww. finra. org 6. http://www3. valueline. com/vlquotes/quote. aspx Appendices: Appendix A: Cost of common stock Appendix B: Cost of preferred s tock Appendix C: Cost of debt Appendix D: Weighted Average Cost of Capital (WACC) Appendix E: Capital Structure Appendix F: Depreciation Appendix G: Yearly dividend and share repurchase Appendix H: Value Line reports Appendix A: Cost of common stock Equations used for calculating cost of common stock:CAPM approach: rS=rRF+(RPM)bi DCF approach: The bond yield plus risk premium approach: rS=Company’s own bond yield + Judgmental risk premium Figure 1 CAPM Equation Variables| Â  | Â  | Â  | | Pfizer| Merck| J&J| Risk Free Rate| 1. 66| 1. 66| 1. 66| Required Rate of Return| 8. 00| 8. 00| 8. 00| Beta| 0. 67| 0. 71| 0. 48| Required Return on Stock| 5. 91| 6. 17| 4. 70| | | | | | | | | | Required Return on Stock| Â  | | Pfizer| Merck| J&J| | 5. 91| 6. 17| 4. 70| Figure 2 Annualized dividend growth rate (g) | Pfizer|Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 0. 8| | | Â  | 2010| 0. 72| | | Â  | 2009| 0. 8| | | Â  | 2008| 1. 28| | | Â  | 2007| 1. 16| | | Â  | 2006| 0. 96| | | Â  | 2005| 0. 76| | | Â  | 2004| 0. 68| | | Â  | 2003| 0. 6| | | Â  | 2002| 0. 52| | | Â  | 2001| 0. 44| 0. 818181818| 6. 16%| $0. 85 | | Merck| Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 1. 56| | | Â  | 2010| 1. 52| | | Â  | 2009| 1. 52| | | Â  | 2008| 1. 52| | | Â  | 2007| 1. 52| | | Â  | 2006| 1. 52| | | Â  | 2005| 1. 52| | | Â  | 2004| 1. 5| | | Â  | 2003| 3. 976| | | Â  | 2002| 1. 3| | | Â  | 2001| 1. 39| 0. 122302158| 1. 16%| $1. 58 | | J&J| Year| Sum dividend| Total growth over 10 years| Annualized growth rate (g)| Next expected dividend| 2011| 2. 25| | | Â  | 2010| 2. 11| | | Â  | 2009| 1. 93| | | Â  | 2008| 1. 795| | | Â  | 2007| 1. 62| | | Â  | 2006| 1. 455| | | Â  | 2005| 1. 275| | | Â  | 2004| 1. 095| | | Â  | 2003| 0. 925| | | Â  | 2002| 0. 795| | | Â  | 2001| 0. 7| 2. 214285714| 12. 39%| $2. 53 | Figure 3 CAPM | CAPM| Â  | Â  | Â  | Â  | Â  | | Risk Free Rate (1)| Required Market Return (2)| Market Risk Premium (3)=(2)-(1)| Beta (4)| Estimated cost of Equity (1)+(3)? (4)| Pfizer| 1. 66| 8. 00| 6. 34| 0. 67| 5. 10| Merck| 1. 66| 8. 00| 6. 34| 0. 71| 6. 167| J&J| 1. 66| 8. 00| 6. 34| 0. 48| 4. 697| | | | | | | Figure 4 DCF | DCF| Â  | Â  | Â  | Â  | | | Stock Price (1)| Next Expected Dividend (2)| Expected Growth Rate (3)| Estimated cost of Equity (2)/(1)+(3)| | Pfizer| 25. 12| $0. 85 | 6. 16| 6. 194| | Merck| 45. 62| $1. 58 | 1. 16| 1. 195| | J&J| 67. 97| $2. 53 | 12. 39| 12. 427| | | | | | | | Figure 5| | | | | | Bond Yield plus Risk Premium| Â  | Â  | | | | Company’s Bond Yield (1)| Judgmental Risk Premium (2)| Estimated cost of Equity (1)+(2)| | | Pfizer| 2. 0724| 3. 3| 5. 3724| | | Merck| 2. 5553| 3. 4| 5. 9553| | | J&J| 1. 629| 3| 4. 9629| | | | | | | | | | | | | | | Figure 6 Estimated Cost of Equity| Estimated Cost of Equity| | | | | Pfizer| 5. 83| | | | | Merck| 4. 44| | | | | J&J| 7. 36| | | | | Figure 7 Bond Data| Bond Data| Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Bond Symbol| Issuer Name| Coupon| Maturity| Callable| Moody's| S;P| Fitch| Price| Yield| PFE. GF| PFIZER INC| 4. 65| 3/1/18| No| A1| AA| A+| 116. 189| 1. 501| PFE. GI| PFIZER INC| 4. 5| 2/15/14| No| A1| AA| A+| 105. 468| 0. 367| PFE. GM| PFIZER INC| 7. 2| 3/15/39| Yes| A1| AA| A+| 159. 019| 3. 685| PFE. GO| PFIZER INC| 6. 2| 3/15/19| Yes| A1| AA| A+| 127. 5| 1. 66| PFE. GQ| PFIZER INC| 5. 5| 3/15/15| Yes| A1| AA| A+| 111. 554| 0. 521| PFE3666215| AMERICAN HOME PRODS CORP| 7. 25| 3/1/23| No| A1| AA| A+| 139. 65| 2. 819| PFE3667744| WYETH| 5. 5| 2/15/16| Yes| A1| AA| A+| 115. 705| 0. 715| PFE3667745| WYETH| 6| 2/15/36| Yes| A1| AA| A+| 134| 3. 791| PFE3667909| PHARMACIA CORP| 6. 5| 12/1/18| Yes| A1| AA| A+| 128. 14| 1. 677| PFE3667915| PHARMACIA CORP| 6. 75| 12/15/27| No| A1| AA| A+| 137. 221| 3. 552| PFE3667927| PHARMACIA CORP| 6. 6| 12/1/28| Yes| A1| AA| A+| 138. 179| 3. 484| PFE3670301| WYETH| 5. 45| 4/1/17| Yes| A1| AA| A+| 119. 153| 1. 044| PFE3670315| WYETH| 5. 95| 4/1/37| Yes| A1| AA| A+| 135| 3. 5| PFE3702946| WYETH| 5. 5| 3/15/13| Yes| A1| AA| A+| 101. 977| 0. 706| PFE3703979| PHARMACIA CORP| 8. 7| 10/15/21| No| A1| AA| A+| 142. 03| -| PFE3704635| WYETH| 5. 5| 2/1/14| Yes| A1| AA| A+| 106. 52| 0. 421| PFE3704636| WYETH| 6. 45| 2/1/24| Yes| A1| AA| A+| 138. 004| 2. 553| PFE3704637| WYETH| 6. 5| 2/1/34| Yes| A1| AA| A+| 139. 025| 3. 807| PFE3706578| PHARMACIA CORP| 8. 2| 4/15/25| Yes| A1| AA| A+| 101. 5| -| PFE3739069| KING PHARMACEUTICALS INC| 1. 25| 4/1/26| Yes| NR| NR| NR| 99. 99| 1. 25| | | | | | | | | Average| 2. 072388889| MRK. GA| MERCK ; CO INC| 6. 3| 1/1/26| No| Aa3| AA| A+| 138. 945| 2. 76| MRK.GB| MERCK ; CO INC| 6. 4| 3/1/28| Yes| Aa3| AA| A+| 137. 464| 3. 278| MRK. GC| MERCK ; CO INC| 5. 95| 12/1/28| Yes| Aa3| AA| A+| 133. 211| 3. 28| MRK. GF| MERCK ; CO INC MTN BE| 5. 76| 5/3/37| No| Aa3| AA| A+| 131| 3. 808| MRK. GG| MERCK ; CO INC MT N BE| -| 11/27/40| No| Aa3| AA| A+| 98. 25| -| MRK. GH| MERCK ; CO INC MTN BE| -| 12/21/40| Yes| Aa3| AA| A+| 98| -| MRK. GI| MERCK ; CO INC MTN BE| -| 12/27/40| No| Aa3| AA| A+| 98. 5| -| MRK. GJ| MERCK ; CO INC MTN BE| -| 2/6/41| No| Aa3| AA| A+| 98| -| MRK. GK| MERCK ; CO INC MTN BE| -| 6/21/41| Yes| Aa3| AA| A+| 100| -| MRK. GL| MERCK amp; CO INC MTN BE| -| 7/18/41| No| Aa3| AA| A+| 97. 75| -| MRK. GM| MERCK ; CO INC MTN BE| -| 12/21/41| Yes| Aa3| AA| A+| 100| -| MRK. GN| MERCK ; CO INC MTN BE| -| 11/28/41| No| Aa3| AA| A+| 98. 25| -| MRK. GQ| MERCK ; CO INC MTN BE| -| 8/22/42| Yes| Aa3| AA| A+| 98. 275| -| MRK. GR| MERCK ; CO INC MTN BE| -| 2/18/43| Yes| Aa3| AA| A+| 99. 875| -| MRK. GT| MERCK ; CO INC MTN BE| -| 2/12/44| Yes| Aa3| AA| A+| 100| -| MRK. GU| MERCK ; CO INC| 4. 75| 3/1/15| Yes| Aa3| AA| A+| 109. 512| 0. 699| MRK. GV| MERCK ; CO INC| 5. 75| 11/15/36| Yes| Aa3| AA| A+| 135. 683| 3. 536| MRK. GW| MERCK ; CO INC| 4. 8| 2/15/13| No| Aa3| AA| A+| 101. 369| 0. 194| MRK. GX| MERCK ; CO INC NEW| 3. 88| 1/15/21| Yes| A1| AA| A+| 114. 717| 1. 883| MRK3671638| SCHERING PLOUGH CORP| 6. 55| 9/15/37| Yes| Aa3| AA| A+| 149. 11| 3. 56| | | | | | | | | Average| 2. 555333333| JNJ. GA| ALZA CORP DEL| -| 7/14/14| Yes| Aa1| AAA| AAA| 152. 8| -| JNJ. GC| ALZA CORP| -| 7/28/20| Yes| Aa1| AAA| AAA| 98. 75| -| JNJ. GH| JOHNSON ; JOHNSON| 6. 73| 11/15/23| No| Aaa| AAA| AAA| 145. 758| 2. 083| JNJ. GI| -| | 11/1/24| No| NR| NR| NR| 104. 36| -| JNJ. GJ| JOHNSON ; JOHNSON| 6. 95| 9/1/29| No| Aaa| AAA| AAA| 144. 925| 3. 422| JNJ. GL| JOHNSON ; JOHNSON| 3. | 5/15/13| No| Aaa| AAA| AAA| 102. 04| 0. 263| JNJ. GM| JOHNSON ; JOHNSON| 4. 95| 5/15/33| No| Aaa| AAA| AAA| 121. 154| 3. 499| JNJ. GO| JOHNSON ; JOHNSON| 5. 55| 8/15/17| Yes| Aaa| AAA| AAA| 121. 81| 0. 932| JNJ. GP| JOHNSON ; JOHNSON| 5. 95| 8/15/37| Yes| Aaa| AAA| AAA| 143. 163| 3. 369| JNJ. GQ| JOHNSON ; JOHNSON| 5. 15| 7/15/18| Yes| Aaa| AAA| AAA| 123. 223| 0. 982| JNJ. GR| JOHNSON ; JOHNSON| 5. 85| 7/15/38| Yes| Aaa | AAA| AAA| 143. 093| 3. 341| JNJ. GS| JOHNSON ; JOHNSON| 2. 95| 9/1/20| Yes| Aaa| AAA| AAA| 107. 12| 1. 969| JNJ. GT| JOHNSON ; JOHNSON| 4. 5| 9/1/40| Yes| Aaa| AAA| AAA| 123. 32| 3. 229| JNJ. GU| JOHNSON ; JOHNSON| -| 5/15/13| No| Aaa| AAA| AAA| 100. 154| -| JNJ. GV| JOHNSON ; JOHNSON| -| 5/15/14| No| Aaa| AAA| AAA| 100. 322| -| JNJ. GW| JOHNSON ; JOHNSON| 2. 15| 5/15/16| Yes| Aaa| AAA| AAA| 105. 523| 0. 588| JNJ. GX| JOHNSON ; JOHNSON| 4. 85| 5/15/41| Yes| Aaa| AAA| AAA| 125. 764| 3. 428| JNJ. GY| JOHNSON ; JOHNSON| 1. 2| 5/15/14| Yes| Aaa| AAA| AAA| 101. 399| 0. 311| JNJ. GZ| JOHNSON ; JOHNSON| 3. 55| 5/15/21| Yes| Aaa| AAA| AAA| 113. 786| 1. 807| JNJ. HA| JOHNSON ; JOHNSON| 0. 7| 5/15/13| No| Aaa| AAA| AAA| 100. 278| 0. 22| | | | | | | | | Average| 1. 62866667| Appendix B: Cost of preferred stock Figure 8 Cost of Preferred Stock| Cost of Preferred Stock| Â  | Â  | Â  | | Preferred Dividend (1)| Preferred Stock Price (2)| Floatation Cost (3)| Component cost of Preferred Stock (1)/[(2)*(1-(3))]| Pfizer| N/A| N/A| N/A| #VALUE! | Merk| N/A| N/A| N/A| #VALUE! | J;J| N/A| N/A| N/A| #VALUE! | Appendix C: Cost of debt After-tax cost of debt=rd(1-T) Figure 9 After-tax cost of debt| After Tax Component Cost of Debt| Â  | | Interest Rate| Tax Rate| Cost of Debt| Pfizer| 2. 072388889| 0. 2003| 1. 657289394| Merck| 2. 555333333| 0. 221| 1. 990604667| J;J| 1. 962866667| 0. 2218| 1. 2750284| Figure 10 Marginal tax rate Company| Pfizer| Merck| J;J| Year| 2011| 2010| 2009| 2008| 2011| 2010| 2009| 2008| 2011| 2010| 2009| 2008| Income before tax| 12,764| 9,282| 10,674| 9,694| 7,334| 1,653| 15,290| 9,931| 12,361| 16,947| 15,755| 16,929| Provision for tax| 4,023| 1,071| 2,145| 1,645| 942| 671| 2,268| 1,999| 2,689| 3,613| 3,489| 3,980| Tax rate| 0. 3152| 0. 1154| 0. 2010| 0. 1697| 0. 1284| 0. 4059| 0. 1483| 0. 2013| 0. 2175| 0. 2132| 0. 2215| 0. 2351| Average tax rate| 0. 2003| 0. 2210| 0. 2218| Appendix D: Weighted Average Cost of Capital (WACC) Figure 11 WACC| | | | | | | | WACC| Â  | Â  | Â  | Â  | Â  | Â  | Â  | % of Debt| Cost of Debt| % of Preferred Stock| Cost of Preferred Stock| % of Common Equity| Cost of Common Equity| WACC| Pfizer| 95. 15%| 1. 66 | – | – | 4. 85%| 5. 83 | 1. 86 | Merck| 92. 50%| 1. 99 | – | – | 7. 50%| 4. 44 | 2. 17 | J;J| 89. 26%| 1. 53 | – | – | 10. 74%| 7. 36 | 2. 15 | % of Debt, and % of Common Equity are the target proportions. Figure 12 Calculating the percentage of debt and common equity | | | | Pfizer| Merck| J;J| Shares outstanding (million)| 7,470| 3,050| 2,750| Market value per share | | 26. 03| 47. 96| 72. 52| Market value of equity ($ million), E| 194,444. | 146,278. 0 | 199,430. 0 | | | | | | | Book value of equity per share| 10. 64| 18. 16| 20. 95| Total book value of equity| | 79,480. 8 | 55,388. 0 | 57,612. 5 | Debt/Equity ratio| | 48. 26| 32. 91| 29. 07| Book value of debt| | 3,835,743. 41 | 1,822,819. 08 | 1,674,795. 38 | Cash on hand| | 24,340| 17,450| 16, 920| Net debt ($ million), D| | 3,811,403| 1,805,369| 1,657,875| | | | | | | Percentage of debt, D/(E+D)| | 95. 15%| 92. 50%| 89. 26%| Percentage of equity, E/(E+D)| 4. 85%| 7. 50%| 10. 74%| Appendix E: Capital Structure Figure 13 Capital Structure| | | | | Capital Structure| Â  | Â  | Â  | Â  | | Pfizer| 2011| 2010| 2009| 2008| Long Term Debt*| 34,931,000. 00 | 38,410,000| 43,193,000| 7,963,000| Common Stock*| 445,000| 444,000| 443,000| 443,000| Retained Earnings*| 46,210,000| 42,716,000| 40,426,000| 49,142,000| Redeemable Preferred Stock*| 45,000| 52,000| 61,000| 73,000| Total| 81,631,000. 00 | 81,622,000. 00 | 84,123,000. 00 | 57,621,000. 00 | | | | | | % of Debt| 42. 79%| 47. 06%| 51. 35%| 13. 82%| % of Preferred Stock| 0. 06%| 0. 06%| 0. 07%| 0. 13%| % of Common Equity| 57. 15%| 52. 88%| 48. 58%| 86. 05%| Total %| 100. 00%| 100. 00%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 38. 75%| 95. 15%| |Average/Target % of Preferred Stock| | 0. 08%| 0. 00%| | Average/ Target % of Common Equity| | 61. 17%| 4. 85%| | | | | | | Total Debt*| 105,381,000| 106,749,000| 122,503,000| 53,408,000| Total Assets*| 188,002,000| 195,014,000| 212,949,000| 111,148,000| Total Debt/Total Assets| 56. 1%| 54. 7%| 57. 5%| 48. 1%| | | | | | | | | | | | Merck| | 2011| 2010| 2009| 2008| Long Term Debt*| 15,525,000| 15,482,000| 16,074,900| 3,943,300| Common Stock*| 1,788,000| 1,788,000| 1,781,300| 29,800| Retained Earnings*| 38,990,000| 37,536,000| 41,404,900| 43,698,800| Redeemable Preferred Stock*| – | – | – | – | Total| 56,303,000. 0 | 54,806,000. 00 | 59,261,100. 00 | 47,671,900. 00 | | | | | | % of Debt| 27. 57%| 28. 25%| 27. 13%| 8. 27%| % of Preferred Stock| 0. 00%| 0. 00%| 0. 00%| 0. 00%| % of Common Equity| 72. 43%| 71. 75%| 72. 87%| 91. 73%| Total %| 100. 00%| 100. 00%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 22. 81%| 92. 50%| | Average/Target % of Preferred Stock| | 0. 00%| 0%| | Average/Target % of Common Equity| | 77. 19%| 7. 50%| | | | | | | Total Debt*| 48,185,000| 48,976,000| 50,597,100| 26,028,600| Total Assets*| 105,128,000| 105,781,000| 112,089,700| 47,195,700| Total Debt/Total Assets| 45. %| 46. 3%| 45. 1%| 55. 2%| | | | | | | | | | | | J;J| | 2011| 2010| 2009| 2008| Long Term Debt*| 12,969,000| 9,156,000| 8,223,000| 8,120,000| Common Stock*| 3,120,000| 3,120,000| 3,120,000| 3,120,000| Retained Earnings*| 81,251,000| 77,773,000| 70,306,000| 63,379,000| Redeemable Preferred Stock*| – | – | – | – | Total| 97,340,000. 00 | 90,049,000. 00 | 81,649,000. 00 | 74,619,000. 00 | | | | | | % of Debt| 13. 32%| 10. 17%| 10. 07%| 10. 88%| % of Preferred Stock| 0. 00%| 0. 00%| 0. 00%| 0. 00%| % of Common Equity| 86. 68%| 89. 83%| 89. 93%| 89. 12%| Total %| 100. 00%| 100. 0%| 100. 00%| 100. 00%| | | | | | Average/Target % of Debt| | 11. 11%| 89. 26%| | Average/Target % of Preferred Stock| | 0. 00%| 0%| | Average/Target % of Common Equity| | 88. 89%| 10. 74%| | | | | | | Total Debt*| 56,564,000| 46,329,000| 44,094,000| 42,401,000| Total Assets*| 113,644,000| 102,908,000| 94,682,000| 84,912,000| Total Debt/Total Assets| 49. 8%| 45. 0%| 46. 6%| 49. 9%| * $ in thousands Appendix F: Depreciation Figure 14 Depreciation | | | | | | Depreciation| Â  | Â  | Â  | Â  | Â  | | USEFUL LIVES| Pfizer| | (YEARS)| Â  | | | 2011| 2010| 2009| 2008| Type| | Accelerated depreciation methods|Classes of Assets and Depreciation Ranges | | | | | | Land | – | | | | | Buildings| 33 1/3-50| | | | | Machinery and equipment| 8-20| | | | | Furniture, fixtures and other| 3-12 1/2| | | | | Construction in progress| – | | | | | | | | | | | Depreciation ; Amortization**| | 9,026 | 8,487 | 4,757 | 5,090 | | | | | | | | | Merck| | USEFUL LIVES| Â  | | (YEARS)| 2011| 2010| 2009| 2008| Type| | Accelerated depreciation methods| Classes of Assets and Depreciation Ranges | | | | | | Buildings| 10-50| | | | | Machinery ; Equipment| 3-15| | | | | Capitalized software| 3- 5| | | | | Construction in progress| – | | | | |Products and product rights, trade names and patents| 3-40| Primarily straight- line methods| | | | | | | Depreciation ; Amortization**| | 7,427| 7,381| 2,576| 1,631. 2| | | | | | | | | | | | | | | J;J| | USEFUL LIVES| Â  | | (YEARS)| 2011| 2010| 2009| 2008| Type| | Straight- line methods| Classes of Assets and Depreciation Ranges | | | | | | Building and building equipment| 20–40| | | | | Land and leasehold improvements| 10–20| | | | | Machinery and equipment| 2–13| | | | | Capitalized software| 3-8| | | | | | | | | | | Depreciation ; Amortization**| | 3,158| 2,939| 2,774| 2,832| | | | | | | | | | | | ** $ in millions| | | | | | Appendix G: Yearly dividend and share repurchase Figure 15 Stock repurchase (in shares) and dividends| Stock Repurchaces and Dividends| Â  | Â  | Â  | | Pfizer| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 0. 8| 0. 72| 0. 8| 1. 28| | | | | | | Merck| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 1. 56| 1. 52| 1. 52| 1. 52| | | | | | | J;J| | 2011| 2010| 2009| 2008| Stock Repurchaces*| 39,741 | 45,090 | 37,114 | 100,970| Dividends ($)| 2. 25| 2. 11| 1. 93| 1. 795| | | | | | Number of Shares (Thousands)| | | | | | | | | | Figure 16 Stock repurchase (in U. S. dollars) and dividends| Stock Repurchaces and Dividends| Â  | Â  | Â  | | Pfizer| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 0. 8| 0. 72| 0. 8| 1. 28| | | | | | | Merck| | 2011| 2010| 2009| 2008| Stock Repurchaces*| N/A | N/A | N/A | N/A | Dividends ($)| 1. 56| 1. 52| 1. 52| 1. 52| | | | | | | J;J| | 2011| 2010| 2009| 2008| Stock Repurchaces*| (2,525)| (2,797)| (2,130)| (6,651)| Dividends ($)| 2. 25| 2. 11| 1. 93| 1. 795| | | | | | * $ in millions| | | | | Appendix H: Value Line reports