determinism Essay -- essays research papers fc

Free Will Imagine if you found yourself in a state of bondage where every action desire and feeling was planned on an inexorable agenda that you could not help but comply with. Although this seems like a dark and fantastical world, if the idea of determinism is fully accepted than it may not be as distant as you might think. The idea of Free Will is one of the most timeless and dubitable philosophical questions and is imposable to disregard. The idea of Free Will has three prevailing schools of thought, consisting of Determinism, (The belief that every action is determined and therefore, not free.), Liberalism (the belief that our actions are not causally determined and therefore, free.)and lastly, Compatibilism (The belief that Determinism is Compatibilism with Free Will.). Each outlook has its points as well as dissentions, but of all the angles, the one I must believe in is Compatibilism and this is why. Although Compatibilism is what I choose to believe, the other arguments are based on pr incipals that cannot be ignored. The first view that I am going to deal with is that of the Determinist, namely the â€Å"Hard† one. Determinism is the belief that every action is the result of a previous action, and was therefore determined to occur. If all actions are determined by previous actions than no actions can be made freely. Like the cosmological argument, determinism rests on the logical fact that no uncaused event can occur. What separates a DeterministËÅ" from a compatibilist is the belief that any action that occurs could not of happened in any other way. If this were the case then it would be theoretically possible to predict the future simply by observing the past and present. Because nobody can successfully and consistently predict the future, some people believe that this is an argument against determinism. The determinist easily dismisses this argument with the response that humans don’t have the power to see let alone interpret the myriad of event s that lead to an action. Another common argument is the idea that if you were told what the future had in store for you, you could therefore consciously alter this out come. This argument is smashed with the fact that if you were told the future and you altered it, the future you were told was not the future because what actually occurred was different than what was predicted. Although, the strongest argument... ...cause you ran out of gas, the reason you ran out of gas is because you were driving your car, the reason that you were driving your car was because you had to drive to work, the reason that you had to go to work was because you needed to feed and shelter yourself. As you can see, even the most mundane task of going to the gas station can be linked back to basic human survival. Now imagine that you are at the gas station and you realize that your oil is very low. As a result you go inside and find two brands of oil, neither of which you have seen before. Both brands cost the same, have the same ingredients, have the same general appearance, (ex. color, shape and texture) and are both equally accessible. Even though it was causally determined that you are in the gas station making this decision, the decision it’s self is under no constraint and can go one way as easily as the other and is there fore a free, as well as causally determined decision. Even though the writing of this paper was causally constrained and did not answer a single question, I hope that it helped you as much as it helped my self get a grasp on the most enduring question of all. bibliography: sparknotes

Due Diligence when You Buy Websites :: Sell Websites Buy Websites

Due Diligence when You Buy Websites Reprinted with permission of VotanWeb.com Due Diligence is the period when you will be able to access the company's books and records to verify that all of the information that you have been told thus far is true and accurate. Most often, people unwisely believe that Due diligence is simply the time to verify the financial position of the company. While this is true to some extent, a proper and effective Due Diligence goes way past the financials. Sure, you want to be certain that what you have been told is true but realistically even if the numbers are exactly as they were presented to you, then what? All you would have is a confirmation of the past but absolutely no inclination of what the future may hold for the company or the industry. The Right Approach To Due Diligence Is this the time to look for things that are wrong with the business? Is this the time to strictly verify numbers? Is this the time to disprove what you have been told by the seller? While each of these approaches is somewhat valid none are absolute. Sure, you will want to employ a part of each of these strategies but an effective Due Diligence is when you can really "check things out". Without question, your approach is to use this period to determine whether or not the future looks bright for the business and the industry. To do so, you must investigate far more than the financial aspect. Sure, the various financial statements will give you a picture of the past and perhaps a glimpse of the future but the past is over and done with. You must thoroughly review the company's sales, marketing, employees, contracts, customers, competition, systems, suppliers, and legal and corporate issues. You want to complete the Due diligence period knowing exactly what you are getting into, what ne eds to be fixed, what the costs are to fix them and if you are the right person to be at the helm to put the plans in place to make a great future for the business. In other words, learn everything before you buy! How Long Do You REALLY Need Every seller and every broker working for the seller will try to negotiate the shortest Due Diligence period possible. I have heard situations where this was limited to a week or so.

A Comparative View of Education System of USA, China, and India

According to William Shakespeare, â€Å"The world is stage and we are actors in it. † The outcome determines our performance and by those who direct us. Similarly, the education of our children depends on the directive of parent, teachers, and the government. The common view taken by most scholars in America considers America the most powerful country in the world and has the most practiced free enterprise system. The is of the assumption of many that the education of their children is challenging because of the imbalances with teachers not possessing full qualification of the subject matter as expressed by James Compton (2M Minutes Video).Teachers in India and China middle and high schools must have at least a Bachelor’s Degree and attend teachers’ training if they are to teach in schools (Ibid). Consequently, these students could not assimilate sequentially the teachings by those teachers who sometimes leave the students fending for themselves. In order to reac h educational goals teachers must willing to teach and students the willingness to learn. This proves the inadequacy of proficient and effective teaching mechanisms when compared with other industrialized nations.The children of India and China when compared with the American children have a rigorous curriculum that maintains a higher standard of learning at an earlier age. The stringent measures by India and China are to lifting their country out of the economic crisis whereby the country can become economically viable and technologically competitive in contrast with their American counterparts. China China’s Compulsory Education Law, of 1986 stipulates each child has nine years of formal education.Their educational system is to be of three categories, which are basic education, higher education, and adult education. The academic year is of two semesters. With the emerging of a new era toward economic development to compete globally the Chinese government has implemented a p olicy of invigorating the educational system through science, technology, and education since 1949 (Education in China). www. travelchinaguide. com/intr/education. The educational reform emphasizes the need of modernization.Through uninterrupted efforts for the pass five  decades the Chinese nation has made favorable inroads into the education system. India In 1854 the British implemented the current system of education in India that still in existence today. The current education system divides into preprimary, primary, middle, secondary, and higher levels. Article 42 of the Indian Constitution, an amendment added in 1976, transferred responsibility from state to central government. Article 43 set the goal for â€Å"free† and compulsory education of all children to the age 14.In 1986 the implementation of National Policy on Education initiated a series of programs for improving the education system ensuring its children have a comparable education irrespective of caste, cr eed, location, or sex. http://countrystudies. us/india/37. htm. America The American education system started in 1840 by education reformers Horace Mann and Henry Barnard and was known as the â€Å"Common School Period. † To date this system divides into four categories, which are elementary, middle, high, and post-secondary that encompasses college or university, vocational education, graduate education, and adult education.Traditionally the American school year begins at the end of August in some states or the day after Labor Day in September. Schools in America, China, and India follow a similar criterion of each other with one difference is that in America and India there are private schools that operate for profit. In India one- third of the schools’ population attend private schools for profit. The realization is that the parents of these children are looking at these private institutions to provide a higher level of teaching than that of public schools.Added to the expectation of the parents of the Indian children who place their children within these institutions, they are working toward their career goals of becoming ranking professionals of society. â€Å"China did not allow private schools until the late 1980’s. † Kathy Chu, USA Today, February 1, 2011, unlike China and India, the public schools of America have an abundance of facilities in their schools for example, libraries, swimming pools, gymnasiums, and football fields.Despite possessing all these facilities available, students have yet to decide on their own what their ultimate goal will be on leaving high school. Students of China and India are attuned from kindergarten to middle school in having a view of their career goals when they for leave high school. Once they enter high school there are no options for the children of India and China because of the discipline and parents expectation of what they should be. In China the government finances the education syst em. The concept of teaching in China is to focus on group rather than individuals.Weaker students are ably assisted and the opportunity of catching up with the proficient students rather than lagging behind the entire class. Acquiring a comprehensive understanding of the subject the class can then moves forward in unison. It is of the opinion of educators that every student can achieve in every subject, although some students will need to work harder than others to achieve the same results. Chinese schools do not segregate high achieving students from lower achieving students through tracking levels, like in the United States.This is of the belief that all students can succeed if they put in the effort. Teachers and parents are willing to help by volunteering extra time to assist students overcome weaknesses in certain subject areas, even if it means working outside of school and on the weekends. However, in America, education focuses on the individual, and maintaining students†™ self-esteem is critical. If a student in America is lagging in math class, the tendency is to attribute the student’s failure to him or her simply not good at mathematics.Students in these situations will often move into a lower- level mathematics class where they can practice more mathematics in becoming proficient. Within China and India mathematics, science, and other general studies are compulsory from preliminary to high school where electives becomes for each student. In America 40% of the students do not take science subjects beyond general biology in high schools. Fifty-five percent of students have done two years of algebra and one year of geometry only.Seventy  percent of parents are of the opinion that their children are on the right course concerning their academic development. Apart from these developments the American students score higher in self-confidence than their international counterparts. Whereas American students have the same amount of allocated time as Chinese students, the amount of engaged time spent in school is dramatically less than their Chinese counterparts. In India, students spend one and a half more time in class rooms than American children.The American education system has gone through changes in the last four decades says Robert Reich, former US Secretary of Labor,† Though the parent has an education it is not what it used to be, it places much more emphasis on entering the job market. â€Å" Because Chinese teachers and parents expect that all students be able to succeed in all subjects, students themselves tend to believe that they can succeed as well. This is a sort of self-fulfilling prophecy, as when adults believe in a child’s ability to do well, the child in turn is likely to believe in himself as well, and therefore work to succeed.Because Indian and Chinese teachers and parents expect more from their students, students succeed more. The United States education system is phenomenal when c ompared to the Indian and Chinese education, including the United States Institutions of higher learning. Testing done in India and China is notoriously focused on standardized testing, in American it is quite the opposite. The Indian and Chinese must pass these tests that will determine which college they may go to. Unlike the American college application, the student applies to enter, Scholastic Aptitude Test score is the only requirement.Students from all over the world come to receive a high quality education in American universities. Thomas L. Friedman in book, â€Å"The World is Flat,† emphasizes a complete and collaborative work what is happening in the world today and the impact of technological changes. Indian and Chinese educators have taken notice of the lack of innovation even though their children are highly proficient in mathematics and science than American students; they lack innovation, and ingenuity. There need to be a balance between these constrains and al lowing free will by implementing new thinking.Americans must be outstanding in their performances if they are to compete with their counterparts in a global economy. Americans losing touch to perform on the level of the Indian and Chinese students in mathematics and science with invariable take twice the amount of time if Americans are to catch up. Nelson Mandela in conversation with his autobiographer Richard Stengel explaining the African concept of ‘Ubuntu’ said, â€Å"The profound sense that we are humans only through the humanity of others and if we are to accomplish anything in this world it is in equal measure due to the works and accomplishment of others.†Looking at education system of America, India, and China the lessons learned from each other’s experiences with the pooling of ideas can increase each understanding of the effects on economics, politics, environment, and culture. It is not of superiority but the exchanging of ideas that each will benefit the other in creating homogeneous institutions of learning towards global development. The development of education system in each country can be uplifting with the technological development that goes hand- in- hand with capital accumulation and progressive economies.

An Analysis of Mel Lazarus’ Angry Fathers

Mel Lazarus, writer of Angry Fathers, showed by describing his relationship between him and his father, as he recalled an incident that happened when he was 9 years old, back in 1938, when corporal punishment was most used to correct bad behavior, â€Å"They’ll live, don’t worry â€Å", was the common idea, that event marked his relationship and trust with his father for life. Lazarus’ family stayed at a boarding house in Catskills for the summer during school vacations, and he and two buddies were hanging out one August afternoon, bored. So what they decided to do was engage in a little remodeling, as the owner of the place was furious, the three mothers basically decided to let their husbands discipline the boys. The bingo players felt a strong lust for vengeance; they wanted to see some beatings. As Lazarus tells it, his friends' fathers came home first, one at a time. The first dad, took off his belt and began whipping his son, the second father came home and when he learned what happened, began thrashing his boy, slamming him to the ground and kicking him. Lazarus was now terrified; his father had never raised his hand in violence, but after seeing this, the young boy was truly afraid that he'd crossed the line. His father came home; the owner explained what had happened. Lazarus's dad stared at his son for a moment. Then he suddenly left. He got back into his car and drove off. He returned an hour later with a stack of Sheetrock boards tied to the top of his car. He took the sheetrock into the remains of the casino, and then took a hammer he'd bought at the hardware store out of the front seat, and went to work. He said not a word to anyone; he just rebuilt the casino, taking most of the night to do it. Lazarus was still worried about retribution in the morning, but none came. The father never mentioned the incident and the weekend went perfectly fine. Lazarus says that, while he knew his father was angry, the father also believed that beating one's child is criminal, that children â€Å"always remembered the pain but often forgot the reason. † The father also understood that a child learns nothing by humiliation – he was not going to â€Å"play into a conspiracy of revenge and spectacle† by publicly flogging his own son. That was not his way, Although many years has passed since then, corporal punishment still being used sometimes with hard consequences, often we notice on television real cases of parents going too far, they are different ways that corporal punish is used, the most popular is within the family, typically children punished by parents or guardians; within the schools when students are punished by teachers or administrators’ or as part of a criminal sentence ordered by a court of law. Corporal punishment of minors within domestic settings is lawful in all 50 states and widely approved by parents. â€Å"They’ll live, don’t worry â€Å", Stanishly the consequences of corporal punishment are vivid, a 14% of all men in prison in the USA were abuse as children, 36% of all women in prison were abused as children and of course children who experience child abuse are 59% more likely to be arrested as a juvenile, and 28% more likely to be arrested as an adult. On the other hand we were very fortunate that my parents had the same level of understanding when it came to punishing us, (we were five kids growing up together), I called my sisters Nora and Veronica, to asked them if they recalled my parents ever punishing us that way, but they told me as I remembered, our parents used discipline on a different way, even then, almost 30 years ago, they lead us the way by using the scriptures,(Jehovah Witnesses), always talking to us, showing up â€Å"The bible’s way† and when, there was something very bad they showed us how to work, replace, put together, apologize, return anything that we just may had broken or misplaced. The golden rule, according to my parents must live in my mind and heart â€Å"Do unto others as you would have them do unto you†, somehow it work for all of us, finally Angry Fathers, show us just how important is that parents understand their children and find other ways to make sure their children are safe and trust in them. It’s a good example for all of us to see the father's refusal to get into a psychodrama are the fact that he also solves the problem of the destroyed casino. The other fathers, likely just as capable of putting up Sheetrock as Mr. Lazarus was. And Mr. Lazarus obviously understood that hitting his son was not going to fix the casino. And that the sound of the hammer banging on sheetrock not only allowed him to get out some aggression, but also served as a stern reminder to the young boy about what he did to the building, and how that lesson lasted a life time.

Similarities Between Men and Women

Sociology of Women October 18th, 2012 Are men and women more similar or different from each other? What are the strengths and weaknesses of each position? If not a gender dichotomy (male/female), then what? Can we unlearn, as a culture, the ins and outs of gender? Is gender a question of exclusion or is it a question of difference? Women and Men are more similar than people believe them to be. People focus on the evident physical differences we see on a daily basis in men and women.Women are commonly described to have breasts, a vagina, and are considered more â€Å"voluptuous† or curvy than men, Whereas men are known for their manly tools, their penis, and all the preconceived social and cultural notions that go along with that. However, aside from these minor physical differences men and women are innately the same. Although most people do not realize this, the only legitimate difference that is scientifically proven between men and women is that a woman’s body contai ns two X chromosomes and a man’s contains an X and Y chromosome (Connell, 2012, pg. 1). This biological difference then allows a woman’s body to develop slightly differently to enable reproduction, such as a womb, breasts, and wider pelvis. A man then develops testes but surprisingly both men and women’s genitals come from the same embryonic tissue. In other words biologically a penis and clitoris, scrotum and labia, come from the exact same starting place, and until people age these physical characteristics aren’t drastically visibly different (Connell, 2012, pg. 52).One of the most ridiculous arguments about the differences between men and women comes back to our hormones. Many people are taught the differences between men and women throughout popular culture and education but not similarities. We are taught that our gendered bodies do not share any of the same physical characteristics. Men should be buff, taller, and able to do more in terms of strengt h while women should be graceful, dainty, caregivers that are objects to look at. Most people are unaware of all the commonalities that men and women share.In fact our hormones function in the same ways, and there are not â€Å"male† or â€Å"female† hormones. The difference is the levels and patterns our hormones take on. Men generally have higher levels of androgens such as testosterone whereas women have higher levels of reproductive organs at certain points. What most people are unaware of is that the same reproductive hormones present in women also work in men to enable the process of sperm production (Women's Studies Collective, 2005, pg. 87). There is a huge overlap in the levels and process our bodies take on.As explained in the text, â€Å"Even in early adulthood the physical characteristics of males and females as a group overlap extensively† (Connell, 2009, pg. 52). Height is used as an example, because adult men are generally slightly taller than adu lt women, but the variety of heights within each biological group is large, in relation to the average difference. Many argue that the build of a man and a woman are completely different. It is true that men on average grow about 10 to 15 percent larger than females and tend to have more upper body strength, but in comparison to other mammals the margin is slim.Universities across the United States are providing new research that suggests it was similarities among men and women of our early ancestors, not differences which helped early humans evolve to become the dominant species that we are. To understand the similarities of men and women you must understand that sex is a biological categorization based primarily on reproductive potential, whereas gender is the social elaboration of biological sex. Not surprisingly, social norms for heterosexual coupling and care of any resulting children are closely intertwined with gender.But that is far from the full story. Gender builds on biol ogical sex, but it exaggerates biological difference, and it carries biological difference into domains in the world which it is completely irrelevant. There is no biological reason, for example, why women should take more delicate roles in the world and men should dominate in society, or why women should have red toenails and men should not, but as we consider sex as biological and gender as social, this difference is not clear-cut.Men and women require the same types of emotional and physical care from the time of birth to adulthood, in order to remain healthy and functioning members of society. Both male and female brains are exactly the same. An argument that is commonly seen about the male and female brain is that on average a man’s brains grows for a bit longer and are a bit larger than females, but aside from the slight size difference both a male and females brain can function the same way. Size does not relate to function. Both men and women go through life trying to fulfill a desire to have emotional connections with others.Whether these are positive or negative emotional connections based on the persons experiences, men and women still try to fulfill the same voids. Men and women also require the same physical care from birth to adulthood. Both men and women need to be physically cared for in order to survive. Men and women both require the basic needs to have food, water, shelter, and personal hygiene in order to maintain their health. Without one of these things either sex could die. This is explained clearly is Abraham Maslow’s Hierarchy of Needs which explains that you satisfy your biological needs before your personal and social needs.According to Maslow, when it comes to satisfying your needs, you begin at the bottom of the needs hierarchy, with physiological needs, and then work your way toward the top. Every level on Maslow’s Hierarchy of Needs explains needs that both men and women require such as Level 1-Physiological needs: Food, water, sex, and sleep, Level 2-Safety needs: Protection from harm, Level 3- Love and belonging needs: Affiliation with others and acceptance by others, Level 4-Esteem needs: Achievement, competency, gaining approval and recognition, Level 5- Self-actualization: Fulfillment of one’s unique potential (Plotnik ; Kouyoumdjian, 2011, pg. 33). Another huge argument regarding the differences between men and women is sexual behaviors and urges. However, it is becoming more obvious that both men and women have the same sexual desires and urges and it’s becoming more socially acceptable for both man and woman to engage in these behaviors in Western Society. In previous times men were described to have more sexual urges and behaviors than women which excused them from any promiscuous behavior they engaged in. However, if a woman chose to do similar things she ould be shunned and looked down upon because she was being â€Å"too promiscuous† or a â€Å"whore. à ¢â‚¬  Reality is that both men and women have very complex sexual lives, with few major differences. Often time’s differences are seen across sexes because of societal and cultural beliefs within that community. If a woman having sex with more than one partner is considered a sin and dirty in many cultures these instances are kept quiet to keep order. The same goes with a man, but often only men’s sexual tales are spoken of as less sinful.Society proves time and time again to be sexual biased on what is acceptable for men and women. Men and women are both simply results of societal and cultural upbringing. A woman in a Western society versus a Middle-Eastern society would behave differently due to family, beliefs, values, and Religion. Strengths for a man versus a woman are based on personal beliefs. I think that both men and women have too many similarities to not be considered equal, but there are not enough strong-willed women such as myself with the same thought p rocess.Western culture presents men as stronger physically, and ultimately the bread winner, where a woman is considered a caregiver, and delicate. It’s very hard to explain the strengths and weaknesses of two different sexes that are innately the same. A dichotomy is any splitting of a whole into exactly two non-overlapping parts, meaning a gender dichotomy is a procedure in which biological sex is divided into two parts, male and female. Societies around the world use a gender dichotomy to keep order and help better organize and understand sex and gender.Although with how much evidence there is on both man and woman overlapping we have no use for a gender dichotomy, and yet society remains the same to keep gender in order. With the elimination of a gender dichotomy society may eventually be able to see both man and woman as equal, but truth is we are still so far from that. In order to eliminate the separation of biological sex into two parts people would need to unlearn wh at they know about gender, which is far from happening. As a culture to unlearn something mass groups of people need to step forward with new information proving the previous to be wrong.However, feminism is still a growing movement with small numbers, and in order to make social change, sadly enough, we need large numbers of people to explain the facts. If people understood the real depths of feminism and what it entails in a positive way, The Feminist movement could help move forward how people view men and women as more similar than different. Human beings are like sponges for knowledge, and are able to obtain new information to help remove the old, so I am not saying that it is impossible to unlearn the ins and outs of gender, I am simply saying that as most progression does, it will take time.References Connell, R. (2012). Short introductions gender. (2nd ed. , pg. 50-71). Massachusetts, USA: Polity Press. Women's Studies Collective, H. C. (2005). Women's Realities, Women's Cho ices- An Introduction to Women's Studies. (3rd ed. , pg. 85-87). New York, New York: Oxford University Press. Plotnik, R. , ; Kouyoumdjian, H. (2011). Introduction to Psychology. (9th ed. , p. 333). Belmont, CA, USA: Wadsworth- Cengage Learning.

Interest Rate Risk

INTEREST RATE RISKQ1. Which of the following correctly defines Basis Risk? (MCQ)A company having a variable interest rate for a specific loanA company having a fixed interest rate for all loansThe risk of the difference of interest rate amount set on assets & liabilitiesA company has a similar quantity of assets & liabilities, having a different basis for their floating rate(2 marks) This information relates to Q2 & Q3.Rotec Co wants to borrow $30,800 in two months' time ; is seeking to save them from any interest risk. The bank has explained an agreement to provide hedging for Rotec Co. This agreement can lock interest rates for future. The borrowing will be for three months. The forward rate agreement is as follows: 2 months V 3 months 3% – 4.5%2 months V 5 months 4.2% – 5.1% Q2. Calculate the interest amount to be paid if the actual rate will be 3% in two months' time? (MCQ)$161.7$231$392.7$924(2 marks) Q3. Calculate the refund amount by the bank if the actual rate will be 6.3% in two months' time? (MCQ) $46.2$92.4$138.6$161.7(2 marks) Q4. A company is looking at the following options to hedge itself from interest risks. Which of the following will support the cause? (MRQ) SmoothingMoney market agreementsMatchingDealing with home currency(2 marks) Q5. A yield curve is a relationship between yield ; maturity dates of similar bonds. Select the appropriate yield curve. (P;D)Short-term bonds have lower yield due to their risk Long-term yields have lower yield due to the downfall in the economy Short/Long – term bonds provide a close equal yield FLAT YIELD CURVE NORMAL YIELD CURVE INVERTED YIELD CURVE(2 marks) Q6. Select the appropriate theories in relation to different interest rates on different securities. (P;D)Investors needing high returns for long-term security contracts The assumption by an investor that higher interest rates are due to future inflation Security markets are separate from each other ; have distinct customers GOVERNMENT POLICY MARKET SEGMENTATION THEORY LIQUIDITY PREFERENCE THEORY EXPECTATION THEORY(2 marks) Q7. Select the appropriate option relating to the usefulness of the yield curve. (HA)Yield curve may indicate the economy position TRUE FALSEYield curve may be helpful in decision making with respect to loan ; but not interest TRUE FALSE(2 marks) Q8. Which of the following contract have long-term validity? (MCQ)Currency FuturesInterest rate OptionsInterest rate Swaps Forward rate agreements(2 marks) Q9. Select the appropriate option in relation to interest rate futures. (HA)If the need for Borrowing, Selling the futures now ; Buying them back at the close date TRUE FALSEIf the need for Deposit, Selling the futures now ; Buying them back at the close date TRUE FALSE(2 marks) Q10. Which of the following statements is correct? (MCQ)Currency futures have a range of closeout datesInterest rate options are cheaper than Forwarding rate agreementsForward rate agreements lapse if unused in the given time periodSwaps are unable to be exercised if the amount ; time periods are different(2 marks) Q11. Yakut wants to borrow money from the bank in three months' time by using a collar transaction. Which of the following statements are true in relation to the collar transaction? (MRQ) Yakut will buy a cap agreementBank will buy a cap agreementYakut will sell a flooring agreementBank will sell a flooring agreement(2 marks) Q12. Uma Co wants to deposit money into Hale Ltd, a banking institution. Hale has offered a collar transaction. Which of the following statements are correct? (MRQ) Bank will sell a cap agreementUma Co will sell a cap agreementUma Co will sell a flooring agreementBank will buy a flooring agreement(2 marks)INTEREST RATE RISK (ANSWERS)Q1. DA company having a variable interest rate for a specific loan (Floating interest rate risk)A company having a fixed interest rate for all loans (Fixed interest rate risk)The risk of the difference of interest rate amount set on assets & liabilities (Gap risk)A company has a similar quantity of assets & liabilities, having a different basis for their floating rate (Basis risk) Q2. CInterest Payment = [30,800 Ãâ€" (3% Ãâ€" 3/12)] = $231Payment Extra = [30,800 Ãâ€" ({5.1 – 3} % Ãâ€" 3/12)] = $161.7Total cost = 231 + 161.7 = $392.7 Q3. BInterest Payment = [30,800 Ãâ€" (6.3% Ãâ€" 3/12)] = $485.1Refund = [30,800 Ãâ€" ({6.3 – 5.1} % Ãâ€" 3/12)] = $92.4Total cost = 485.1 – 92.4 = $392.7 Q4.Smoothing, Maintaining a balance between fixed & floating borrowing rates (Correct)Money market agreements not exist (Incorrect)Matching, Matching assets & liabilities with same interest rates (Correct)Dealing in home currency, the technique of dealing foreign currency risk (Incorrect) Q5.Short-term bonds have lower yield due to their riskNORMAL YIELD CURVE   Long-term yields have lower yield due to the downfall in the economy INVERTED YIELD CURVE Short/Long – term bonds provide a close equal yield FLAT YIELD CURVENORMAL YIELD = Sign of economic boom INVERTED YIELD = Sign of economic recessionFLAT YIELD = Sign of transition from boom to recession or vice versa Q6.Investors needing high returns for long-term security contracts LIQUIDITY PREFERENCE THEORY The assumption by an investor that higher interest rates are due to future inflation     EXPECTATION THEORY Security markets are separate from each other & have distinct customers   MARKET SEGMENTATION THEORY The government policy of keeping interest rates high may effect in keeping short-term interest rates higher than long-term rates. Similarly, a government may also keep very low short-term interest rates. Q7.Yield curve may indicate the economy position TRUE Yield curve may be helpful in decision making with respect to loan & but not interest FALSEYield curves help in both loan & interest decision making. Q8. CAll other agreements are less than a year. Q9. If the need for Borrowing, Selling the futures now & Buying them back at the close date TRUE If the need for Deposit, Selling the futures now & Buying them back at the close date FALSEIf the need for Deposit, Buying the futures now & Sell them back at the close date Q10.Currency futures have a range of closeout dates, has specified date (False)Interest rate options are cheaper than Forwarding rate agreements, are expensive (False)Forward rate agreements lapses if unused in the given time period, have to close out at the given time (False)Swaps are unable to be exercised if the amount & time periods are different, it can only be exercised if timing & the amount are same hence (True) Q11. Yakut will buy a cap agreementYakut will sell a flooring agreementCap is an interest rate ceiling limiting the interest rate. Floor sets a lower limit of interest rates. Q12.Bank will sell a cap agreementBank will buy a flooring agreementCap is an interest rate ceiling limiting the interest rate. Floor sets a lower limit of interest rates.

Importance of a Global Approach to Regulating Corporate Governance Essay

Importance of a Global Approach to Regulating Corporate Governance - Essay Example Multi National Corporations needs to introduce excellent business practices, enhance their decision making and give valid reasons for people to invest in the company. Many companies around the world have failed due to lack of proper corporate governance. The global crisis is an example of how failure of executive and boards to manage the financial institutions, banks and other organization using proper corporate governance. The corporate governance problems are mostly experienced in countries where legal environment provides incredibly few corporate government strategies and practices, few shareholders right and few disclosure requirements. Companies can efficiently compete, and the economies can prosper well if they adopt the practices, and strategies recommended by International Corporate Governance Network. Multi national corporations should ensure that the shareholders exercise the rights through effective and open conversing and communicating information as well as engaging them in general meetings. This will be very useful and effective as it will lead to growth and expansion of companies. Transparency and disclosure of material matters concerning the Multi National Corporations should be balance and timely. Everybody interested in the company gains confidence because he or she will note the areas that need improvement or are well managed. Multi National Corporation should be aware that, disbursement of resources in proper corporate governance will inexorably bring good returns on investment and hence the corporations’ survival. They will be very successful when they adopt and implement good corporate governance strategies and practices. INTRODUCTION As corporate governance persists to be an area of spotlight for most companies especially Multi National Corporation, there are many issues and questions that firms still fight with:Â   what it is and what it is concerned with; the reason many governments and firms promoting advanced tactics in corpor ate governance (Ghosh and Chakraborti, 2010). Corporate governance is how the companies or firms make decisions, how they manage and organize themselves and how they converse with shareholders and the entire world. It deals with issues like how executives and boards are chosen, what responsibilities and mandate executives and boards have, whether shareholders and stakeholders have rights to get involved in some types of corporate decisions through participating in voting and if they have, what form they take. These issues are crucial because they endorse excellent business practices, good opportunities and decision making for investors to make certain the integrity of their investment. Since these issues are very important to improving and developing good businesses and best businesses environment, policy makers and companies are much interested in ensuring that excellent corporate government is widely adopted and is successfully institutionalized throughout the firm. Many companies and firms identify that good corporate governance is a good business strategy and good commerce practice (Bitanga and Bridwell, 2010). What many companies are focusing on is to advance their businesses specifically in the promising global market place where companies are repeatedly trying to outdo each other to ensure their businesses are effective and to magnetize new investors. Companies and firms especially the well managed ones, want to introduce