Essays on Asymmetry

The Impact of the Theory of the Consumer Choice on Demand Curves, Higher Wages and Higher Interest Rates

The theory of consumer behavior shows how the choice is affected by the price of goods, income and preferences, and the way buyers maximize their net gains from the purchase of goods and services. The price change of a good affects the consumer demand structure in two ways. Any change in the price results in the appearance of the income and substitution effects, as it changes the amount of available goods and their relative prices. The above effects are consumer reaction to changes in relative prices and real income (Mankiw, 2014). The substitution effect is the change in the ...

Abstract

The primary concern of the sit-to-stand and walk training tasks, prominent in the health institutions target patients with knee problems or those recovering from surgical operations as a safe means of initiating rehabilitation or healing process. The use of gait initiation process sustains the efficiency with which the patients gain their mobility through the dynamic processes anchored for coordinating center of pressure and the body center of mass of the individual patient. The demonstration of the ability to sit, stand and walk is a clear expression of the positive progress made by patients in their recovery plans. The observable ...

Introduction

Auditing is one of the most important elements in any police department. Both the law enforcement and individual offices should always be held responsible and accountable for their own actions. Effective auditing procedures are very vital if all the policing departments are to achieve their set objectives and goals of legitimacy and lawfulness as required by the national policing authority (National Council, 2004). Lawfulness alludes to consistence with the formal prerequisites of the law, including statutes and court choices. Legitimacy alludes to the recognition that police behavior is both legal and reliable with open desires. Responsibility is acknowledged through ...

The case is about Gerald who had a health insurance cover that had an 80/20 copayment arrangement. When Gerald received a surgery bill of $950, he wanted to ascertain that the insurance company actually paid $760 or 80% of the total bill. A copayment plan requires patients to pay a portion of their medical bill in accordance with a pre-agreed ratio (Chang, 2014). Upon investigation, Gerald discovered that the insurance company had negotiated for a discount and their part of the bill was only $374. However, Gerald Copayment of 20% was still based on the original fee and not ...

1. Introduction – Policing and representation of the community by the Police Over the years, there have been a lot of debates on the ethical role of police, especially looking at what is termed as police brutality or excesses. While in some countries certain ethnicities have accused the police of racial profiling and hatred, in other countries extreme force has been used to disperse protesters which were associated with slaughtering of college students. If anything, such incidents alienate the police force from the general community and often create a greater law and order problem throughout the nation which often result ...

Headache is a common complaint that afflicts most of the adult population at some point in their lives (Hainer & Matheson, 2013). Headaches are by and large a subjective phenomenon with few objectively measurable factors (McMurtray & Saito, 2014). Most headaches will be the benign, but a small percentage will indicate an underlying neurologic or systemic pathology (Hainer & Matheson, 2013). The purpose of this paper is to investigate the chief complaint, “I have headaches or a headache.” The paper will discuss the objective and subjective data that needs to be collected, headache triggers and drug treatments, and the health promotion strategies ...

(Author, Department, University,

Corresponding Address and email)

Recreational adolescent use of marijuana can result in adult cognitive problems including learning, thinking, and memory problems (Crean, Crane, & Mason, 2011). Marijuana, also known as cannabis, is known to humanity for thousands of years. It is obtained from the hemp plant, known as Cannabis sativa. Marijuana is one of the most popular, easily obtained drugs, and controversial drugs. It contains psychoactive chemicals such as delta-9-tetrahydrocannabinol, which was obtained in the mid-1960s. This is the key chemical behind the development of controversies in this and the last century. Certain others aspects of the endocannabinoid system including cannabinoid ...

Respond

Teaching different art forms such as dance to students is a great challenge because it requires a great deal of confidence, a deep level of understanding of arts and the right mix of skills . For this paper, the workshop that I chose to focus on was the Moth Bangarra Dance performance. I chose dance mainly because of the fact that it was one of the most recently discussed topics in the course and this particular dance workshop was the one that really struck my senses. I wanted to do a dance workshop just like it and so I chose ...

Part A: Multiple Choice Questions:

The seller must have market power, that is the seller must have some control over price The seller must be able to identify different customer groups with different demand elasticities The seller must be able to prevent arbitrage between the two groups All of the above You’ve just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the line addition if you estimate the following:

There is a 70% chance that profits will increase by $100,000.

There is a 20% chance that profits will remain the same. There is a 10% chance that profits will decrease by $15,000. Loss of $15,000 ...

Risk is defined as uncertainty in broad terms. This uncertainty can be due to a large number of factors, which depend on the type of risk. Some of the common factors which result in this uncertainty can be changes in input parameters, miscalculation of parameters etc. (Kuritzkes, Schuermann, & Weiner, 2002). Risk can result in large and unexpected losses and can really hurt the profitability of companies. However, risk is not always bad and little bit of risk can lead to better financial results. However, the relationship between risk and better results is a lot more complex and depends on ...

REPORT DETERMINING WHETHER VIRAL MARKETING CAN REPLACE OTHER ADVERTISEMENTS

Glacier Products Ltd. Figures Figure 1: Viral Marketing Capacity 10 Figure 2: Effectiveness of Viral Marketing 12 Figure 3: Security Issues Associated with Viral Marketing 13 Figure 4: Ethical Issues in Digital Advertisement 14 Figure 5: Social Media Use by Marketers 19

GLACIER PRODUCTS LTD.

This report is a fulfillment of the research approval you made on 5th January. Both qualitative and quantitative research methods were used. Primary and secondary sources of data were interrogated towards achieving the goals of the research. The report discusses the viability of viral marketing as a rising form of product marketing. Security and ethical concerns that ...

Abstract

This article contains a literature review pertaining to panoramic radiographs and their use as investigative tools in orthodontic diagnoses and treatment planning. The objective was to evaluate the clinical necessity of panoramic radiograph in orthodontic diagnosis and treatment planning if it is to be applied as a pre-treatment. Five pieces of literature were selected after applying key words to internet search engines. Two pieces of literature projected procedure errors, which ought to be addressed in facilitating the process and enhancing accurate diagnoses. In the first study a sample of 1287 ...

- Introduction

1.1 Background developments

Traditionally, accounting standards have been developed by different countries on the basis of local legal, economical and cultural institutions frameworks (Elliott and Elliott, 2009, p. 158). As a result, the standard setting was very country specific. With the globalization process at work for the last 3-4 decades and increasing mobility of capital internationally accepted accounting standards have become necessary to facilitate cross border transactions and make financial reporting comparable between countries and companies thereby leading to a greater transparency for investors (Nobes, 2004). IASB has been set up as a private international standard setter with a mandate to create high quality accounting standards ...

Pricing Strategies for Firms with Market Power and the Economics of information

Summary and perspectives: Chapter 11 of pricing strategies for Firms with market power discusses the basic concepts of how firms manage their prices taking into consideration the power share of the market that they have. This also depends on the market strategies taken by the firm and the powers can be monopolistic, oligopolistic and perfect competition. Each of these market type operations give the firm a different unique power of controlling the prices of good they produce. A concept of interest in this chapter is how firms are able to manage prices economically to expand on their profits and ...

Human resource happens to be the most vital asset of many organizations in the business arena. Employees are an integral part of an organization because there are the cardinal drivers of policy initiatives, implementers and coordinators of any significant project initiated by an organization. Even in organizations that have programs that are run automatically by machines or computers, there are usually a number of employees required to oversee the project. Human resource is needed to input data or raw materials or collect the final product for distribution. Indeed, it is trite to argue that an organization can exist without any ...

Introduction.

A project is an undertaking with an expected return after a given period of time. Projects are mostly formulated with an objective or goal to be achieved after a defined period of time. The intent of this paper is to analyze the nature and process of project development in relation to HLR Inc. The organization is in its early stages of development but with high growth rate of 25 percent annually. This is an indication that the organization has high capability of development if proper development strategies are implemented. The organization has a targeted growth of 35 percent in the next financial ...

- When a country such as the United States is experiencing serve and prolonged recessionary trend discount rate, term auction, and open market facility can provide useful means of ensuring that the economy returns in the right course. Discount rate is the interest rate that the central bank charges commercial banks and other depository institutions when they receive money from the Federal Reserve Bank's lending facility. During periods of prolonged recessionary trend, the Federal Reserve System should reduce the discount rate in order to encourage commercial banks and other financial institutions to lower the interest rate they charge to ...

Introduction

The IFRS are accounting standards, rules and principles that were introduced by an independent organization in the United Kingdom, known as the International Accountants Standards Board. The institution puts forward that the standards would better serve public companies worldwide than the local standards in the country due to the aspect of comparability, transparency and economic growth. There are several countries that have adopted the IFRS over the recent years. The transition to IFRS for the companies in these countries has considerable costs. There are technical and training costs that are incurred that may cause several companies to be cautious ...

With the increased consumer awareness, organizational success is now more dependent on their actual and/or perceived commitment to socio-economic, environmental, and other aspects of sustainability. It is no longer acceptable as proper for organizations to thrive in isolation from the communities that are affected by such a firm’s actions. Corporate social responsibility (CSR) is an important way for firms to strike a balance between economic, environmental and social responsibilities in operations, which in turn ensures that they cater for the interests of all their stakeholder’s interests and expectations. CSR has different meanings and has varying definitions depending on every ...

Time Value of Money

In financial management, time value of money is a concept that money received today has more worth than the money received tomorrow due to its increased earning capacity. In other words, since interest and investment return could be earned today, therefore, money accumulated or invested today has more financial value than the money spent in future.

Efficient Market

When, in any market, information is available to all participants, transaction costs are low or kept to a minimum and prices of commodities respond quickly to any given information, this is known as an efficient market.

Primary versus Secondary Market

Primary market is the place from where investors purchase ...

The Name of the School

Research Question Has the introduction in Australia of a continuous statutory-backed disclosure policy and subsequent amendments led to an increase in reporting of economic events experienced by firms? This is to verify that the legislation has relevance for firms.

Relationship of Proposed Study to Prior Research

The implementation of Australia's statutory-backed continuous disclosure policy is meant to make corporate behavior more transparent to stockholders. Under the disclosure regime, an Australian Stock Exchange-listed issuer is required to release material information about the company as soon as it becomes aware of it. The Australian Stock Exchange takes firsthand responsibility for regulating and monitoring itself. Statutory sanctions provide a regime ...

Introduction

The cheetah ( Acinonyx jubatus) is the fastest land animal with a widely quoted speed of 71 miles per hour or 32ms-1 however time trials under controlled circumstances show that the top speed is somewhere around 29ms-1 or 64 miles per hour (Sharpp, 1997). The Cheetah is uniquely adapted for speed and very few other land mammals can boast of such physiological specializations. Cheetah is a member of the group Felidae and they are unique in many ways. To start with, the African cheetah is the only species in the genus Acinonyx. Out of the 37 species in the cat family, cheetah ...

1. What is the role of congress in policy making process? A policy is defined as a course of action that is established by the legislature, executive or the judiciary to influence the behaviors and decisions of the citizens in a federal state. Policy making process is not a monopolized affair and, therefore, involves decisive interactions among all arms of the government and the public participation. The congress and the President participate mutually in the legislative roles to a greater extent. However, their roles are made distinct at some point. The Congress is mandated in Law making, representation of the citizens as ...

Affiliated Institution

The healthcare sector has experienced several challenges in a strive to provide quality services with particular emphasis placed on the nurses. In this article, the author emphasizes the concept of interpersonal relationships that exist between the patient (health client) and the caregiver in regard to the excesses of care: a matter of understanding the asymmetry of power. The author asserts that there have been issues on how the nurses practice ethical standards while delivering services to the patients due to misunderstanding and misuse of power given to them. The issue of closeness and distance features is obvious in the article, the ...

E-commerce, or electronic commerce, is the new business model that came with the Internet. It emerged as a new platform for business ventures with the aid of the newest technologies to everyone. In line with this, online auctions have also become apparent. Online buying or shopping is now the easiest way to acquire items. Online shops like eBay and Yahoo! enabled millions of bidders from around the world to join auctions. However, even if the internet revolutionized the auction world, it has brought some drawbacks such as reduced information transfer between seller and buyers. Fraud increased with the onset of ...

Executive Summary

This paper will evaluate the value of a probable takeover company by Yoogiboost as a plan of expansion of the company. Later the various options of finance are discussed selecting the most suitable one.

Introduction

Yoogiboost is a healthy frozen yogurt food chain. It provides people with the option of eating healthy frozen yogurt with some wide variety of delicious toppings. This company was established 12 years ago and has expanded immensely during that time span. It is running in the competitive business of fast food chains, however it falls in the healthy side of the foo business. Hence one of its biggest ...

Introduction

Handedness can be considered as the use of the hand for better, faster and more precise performance or control in certain tasks. In the concept of handedness, right and left hands are considered, and generally the use of one hand more than the other is considered. However, there are four kinds of people in terms of handedness: right-handed people, left-handed people, mixed-handed people, and ambidextrous. Left-handedness is less frequently found than right-handedness. Researchers have found that left-handedness is fairly more common in men as compared to women (Papadatou-Pastou, Martin, Munafo, & Jones, 2008).

Theories of left-handedness

Several theories have been presented in order ...

Herding: An Introduction

While psychologist call it as Herd behavior, the financial pundits go with the word ‘’ Herding’’. Herding is a behavior trait found in an individual where his investment decisions are decided by the majority. In other words, it refers to instances when the individuals gravitate towards same or similar investment based solely on the fact that the majority of the investors are doing so. Important to note, since decades, financial pundits has claimed that such action of investors where they enter into herding environment, leads to inefficiency of the financial markets by causing large or unsubstantiated sell-offs which have no fundamental ...

Rational expectation theory and bounded rationality were developed at the same nest and the same time. The pioneers of wee at Carnegie-Mellon University in the 1960s and they included Keynesian, Simon, Muth, as well as Lucas. The atmosphere among these adversaries was amiable. They focused on dynamic programing techniques and demonstrated the applications to managerial decisions (Sent 324). The method was applicable in factory-warehouse. Simon asserted that making assumption on costs it is possible to solve without computation a minimization problem. Herbert Simon pushed for the idea that was against economic believes. Despite the differences between the individuals, they maintained ...

Abstract

The Great American Interchange lasted for about two million years between North America and South America. The objective of the essay is to look at the symmetrical results of the great American interchange in the beginning and how the interchange became asymmetrical after time progressed. The unbalanced nature of the interchange offers a model to explain the asymmetrical results of the land-mammal interchange between the two Americas. Both Geological and biological data are looked into the get insights the past and present distributions of fauna.

Introduction

The Great American Interchange is a crucial paleo zoogeographic event that occurred between North America and ...

Abstract

In the scope of this paper, the analysis of the business model was conducted from the perspective of the following aspects –as they are represented by the scholars in scientific literature: cost structure; key partners; central activities; major resources; value proposition; revenue structure; customer relationships; channel and customer segment. Additional emphasis was put on the case studies, which demonstrate effective utilization of the innovative business models Key words: segmentation, business model, strategy, customers, planning.

THE BUSINESS MODEL CANVAS

First of all, in the scope of the business model canvas development, the cost structure would be discussed. In the scope of the article ...

The aim of this paper is to examine the impact on quality of the financial reporting before and after the adoption of International Financial Reporting Standards (IFRS). ‘The purpose of financial statements is to deliver information about the financial situation, functioning and financial flexibility of a business that is valuable to an extensive variety of stakeholders in taking important financial decisions‘(Kwame and Manesh). In order for the investors to make vital invest decisions regarding the future of their business, immense importance is placed on the standard and quality of information available to them in the accounting genre. This is ...

- Executive summary The stock prices often fluctuate after the quarterly or interim financial performance report is publicized by the companies. The impact of one such profit announcement by Woolworths Limited on 28 Feb., 2014 has been captured and investigated for its impact on the company’s stock price movements. The company has announced that the net profit after tax from continuing operations has shown an increment of 6% over the previous year. The results substantiated very minor impact of the profit announcement on the post-announcement stock return of Woolworths Limited, which increased a bit post profit announcement. ...

Contingent liabilities are those liabilities that are expected to accrue in future due to the expected eventualities such as pending legal suits, obsolescence of assets among others. These possible obligations arise from past events undertaken by the organization and whose occurrences are subject to uncertain future events which the organization cannot fully control. According to International Public Sector Accounting Standard (IPSAS) 19, all those public entities which prepare their financial statement on accrual basis are expected to disclose their contingent liabilities in the financial statements. Consideration of contingent liabilities by the users of financial statements affects making of ...

Phantom Limb Syndromes

Introduction Most people who have had amputation would have experienced a phantom limb; it is a sensation that the limb is actually present, and in some cases there is a feeling of pain. There is a lot of empirical evidence to suggest changes in cortical topography following amputation. “With the advent of non-invasive imaging techniques such as MEG (magneto encephalogram) and functional MRI, topographical reorganization can also be demonstrated in humans, so that it is now possible to track perceptual changes and changes in cortical topography, in individual patients.” A feature of the human brain is the multiplicity of specialized areas, ...

The business sector is increasingly competitive: competition between the consumer and the service provider. In order to make profits, companies engage in numerous strategic planning and information sourcing. On the other hand, consumers compete with service providers in information sourcing in order to make favorable decisions. The insurance sector portrays its competitive nature through their methods of information asymmetry. My essay is to point out the key economical issues related to asymmetry of information in the insurance sector. All of the key issues related to the insurance trade, including the assessments of compensations for damages. Like in ...

Introduction

Opportunities are some of the most fundamental basics of one’s existence in life. Everyone has a specific area and profession that he would wish to excel in. however, there has to be a chance to venture in to the field before counting the dots of excellence. An opportunity is a chance to do something and that is favorable to an individual or an organization. This paper discusses the business opportunity and the way I was able to identify a business opportunity. It involves the criterion used to identify business opportunities and planning on implementation of these opportunities. This paper will also illustrate ...

Effect of dimensions of international finance on the corporation

The multinational corporation that has been selected for this study is Wal-Mart. The country that this corporation should expand to is New Zealand. One major aspect of international finance that may affect the expansion of Wal-Mart to this country is the foreign exchange risk and also the political risk. For the foreign exchange risk, Wal-Mart will be dealing with the exchange rate between two currencies - the New Zealand Dollar and also the US Dollar. Given that this currency pair is traded in major forex platforms in Europe and the US, its value will be based on market forces. ...

Posture analysis can be referred to as an evaluation of person's posture in search of signs of injuries, and poor habits of posture that can result in trauma in the future. In a set up of a clinic, such evaluations of a patient can be important for determination of the sources of postural strain as well as development of a suitable program of treatment. This technique may as well be applied for things such as assisting a person grow a more ergonomic workspace, right athletic shoes, and so on (Toronto Chiropracter, 2013). There has been carried out an extensive study on human posture in ...

Introduction Accounts receivable comprise of the debts which are owed to the firm by those customers who purchase goods on credit. As assets, accounts receivable comprise substantial fraction of a firm’s total assets owing to the fact that a lot of sales are done on a credit basis. From the point of view of a creditor, accounts receivable have different characteristics from those of other assets of the firm. The performance of other assets such as machinery depends on how the firm is efficient, and such information is held by the managers of the firm. However, with accounts receivable, the performance depends ...

(Course No.) (City & State)

EXECUTIVE SUMMARY

Cultural factors among other parameters influence the business environment of a certain region. A survey was carried out on the Iraq’s SMEs on the impacts the technology transfer have on the operation of their businesses reveal that management techniques such as Quality Function Deployment, Improvement teams, Knowledge management, Total Quality Management SWOT analysis and management systems forms the basis for knowledge transfer and improvement of business operation in developing countries but its implementation are affected by the environment. Other factors such as information asymmetry, market power, stability, religion and externalities showed to affect technology ...

Introduction

This case study reviews the loss of American Airlines Flight 191 a McDonnell-Douglas DC-10. An article in the Chicago Tribune on the same day (Young, 25 May 1979) reported that after losing an engine from the left wing following takeoff from O’Hare International Airport, the aircraft rolled over and crashed within a mile of O’Hare, resulting in the deaths of all 271 on board and causing two fatalities on the ground. The case study looks at the accident causes, structural and mechanical factors involved, contributory factors, and the Investigation Board findings.

The Research Causes of the Accident. According ...

- Abstract This decision of 1911 related to an anti-trust suit brought by the United States against a group of 65 corporations collectively known as the American Tobacco Company. The United States argued that the organization resulted in an unlawful restraint of the tobacco business, similar to the one found in the oil business under the Standard Oil decision that had just been decided. American Tobacco stated that the purchases were just a matter of diversification within a fragmented market and not done with an intent to monopolize. The Court disagreed, affirmed the lower court decision, finding for the United States. ...

Hanover Shoe, Inc. v. United Shoe Machinery Corp. - Abstract In this 1968 case, Hanover Shoe was a customer of United Shoe Machinery, leasing their shoe-making machinery. Previously, United Shoe lost a suit brought by the United States based on the anti-trust effects of their leasing scheme. Hanover used this finding as a basis for suing United Shoe themselves, requesting treble damages. The Court found that the prior case did stand for the proposition that the leasing scheme was illegal monopolization and found for Hanover. United Shoe argued a “passing on” defense and that Hanover’s additional taxes should be excluded ...

Abstract

This paper seeks to explore the relationship between the cost of capital and voluntary disclosures. The paper outlines the benefits of voluntary disclosure to firms, investors and the general economy and how these benefits are weighed. It describes the categories of voluntary disclosures and the factors considered in disclosure decisions. The paper will explain the term disclosure friction and there after show how this factor affects cost of capital. It also investigates the association between the risk related discount and the voluntary disclosure. The two equilibriums i.e. overinvestment equilibrium and the underinvestment equilibrium and how they are brought about ...

Abstract

This paper seeks to explore the relationship between the cost of capital and voluntary disclosures. The paper outlines the benefits of voluntary disclosure to firms, investors and the general economy and how these benefits are weighed. It describes the categories of voluntary disclosures and the factors considered in disclosure decisions. The paper will explain the term disclosure friction and there after show how this factor affects cost of capital. It also investigates the association between the risk related discount and the voluntary disclosure. The two equilibriums i.e. overinvestment equilibrium and the underinvestment equilibrium and how they are brought about ...

Adverse Effects of the U.S. Army Drawdown Adverse Effects of the U.S. Army Drawdown

Introduction

Just about a year ago, the Department of Defense (DOD) announced the intention to move to a “smaller, leaner Army that is agile, flexible, rapidly deployable, and technologically advanced” (Feickert,Jan 2013). As a consequence, the United States Army is now in the process of one of its largest drawdowns (reduction in the size of the force) in history. High ranking officials believe this drawdown will be beneficial to the U.S. Army, but many soldiers, Department of the Army civilians, military dependants, and local economies will be ...

Abstract

In this condition, which affects one in every 8,500 people the chest and/or abdominal organs have their position inverted on the saggital plane, constituting a perfect mirror image. The relations between the organs are the same, so normally it won’t bring any harm to the patient with such condition. The onset of the situs inversus begins in the embryonic stage, when the tubular structure that will be the heart forms its loop. However, there are situations of heart defects associated with this condition (or of other organs) and such represent much more severe risks for the patient. ...

Globalization is defined as the tendencies in which business, philosophies and technologies tend to expand and spread worldwide. Since globalization makes markets interconnected to each other they are sometimes referred to as globality.In globality, trading is not hampered by national boundaries or the different time zones. Globalization has brought a lot of benefits to different nations’ economy. For the third world countries, they have been able to provide employment to their large unemployed citizens pushing them to a level of developed countries. Others argue that globalization presents the developed countries with an opportunity to exploit the poorest nations. The diversity in ...

Introduction

A sourcing strategy is essential for any organization looking to either push a product into a market or get supplies of products and services from producers or suppliers. The selection and development process of these strategies will be influenced by certain issues, and in the long-run, the strategy selected will develop problems due to change within the organization or due to market forces. This paper aims at looking at the issues to be considered when developing a sourcing strategy, the potential problems that may arise from the strategies and relationships with key suppliers that will be created, and possible solutions to the ...

Introduction

Health insurance is a form of insurance cover that caters for surgical and medical expenses that are incurred by the insured. Health insurance can either pay the care provider directly or reimburse the insured for expenses incurred from injury or illness. Some employers use it as a non-monetary benefit package to attract highly qualified employees. There are various types of health insurance plans. Nevertheless, all plans are expected to offer a minimum level of coverage. Some plans are comprehensive implying that they provide a variety of services. The coverage offered could be dental coverage, maternity coverage and prescription drug coverage. The various types ...

In this chapter, Levitt and Dubner (23) introduce readers to the concept of information asymmetry. The word information asymmetry entails having information which a given businesses often uses to gain advantage over their competitors (Levitt & Dubner 28). On reflection of economics, information asymmetry is a component of a perfect market. Perfect markets often have situations where information is free to all. Levitt and Dubner in this chapter hence provide an in depth description of the concept and its usefulness in the business world (Levitt & Dubner 34). Levitt and Dubner introduce the concept by explaining a story in history that pin pointed on ...

Determinants of Capital Structure

Abstract Decision on capital composition is a crucial decision for firms as it has major financial and profitability implications. The objective of this paper is to identify the determinants of capital structure and discuss the key theories on capital structure. The paper discusses they key theories of capital structure, providing evidence of the theory and listing its limitations. The MM theory is the foundation for the other modern theories of capital structure. The trade-off theory is an extension to MM theory relaxing the assumption of bankruptcy. Pecking order theory highlights the firm’s preference of internal cash flows as ...

Through academic training, human interactions as well as work experience, people gain different sets of information that ultimately constitute their knowledge. However, even if this statement is universally true for all human beings, the extent to which the ways of gaining knowledge are used by each person is very relative. Following this premise, it is true to convey that information – and therefore knowledge – is asymmetrical, which further implies that the nature and the amount of knowledge possessed by every human being are different. In certain situations though, knowledge might carry an ethical responsibility, that is, the duty to prevent a ...

The Left versus the Right Sides of the Brain: Their Impact on Learning

The higher brain – the cerebral cortex – is anatomically divided into two hemispheres – the right and the left. Although the two hemispheres are basically similar in structure, microscopic differences exist, and their functional abilities and propensities are different. These functional differences are described as ‘hemispheric asymmetry’ (Hellige, 1993). The left hemisphere controls sensory and motor functions of the right side of the body, and vice versa. The layman’s percept is that the left hemisphere is responsible for symbolic processes, production and perception of language, and rational thinking, while the right is involved in artistic, intuitive, and creative thinking. This ...

Introduction

In any market condition, information plays a critical role in structuring the demand and supply forces. All other things being constant, perfect and complete information to both buyers and sellers ensures that price determination takes place at a point that provides maximum benefit to the society as a whole. In such cases, the buyers or the sellers cannot influence the price. This scenario ensures equitable distribution of benefits to everyone in the society. However, perfect information is a characteristic of an ideal perfect market alone. It is not experienced in real life scenarios. Information asymmetry is a common phenomenon in the real life imperfect ...

Introduction

Credit is provision of availing the benefit of a tangible or intangible resource without paying immediately and an agreement to pay the same at a future point in time. The payment terms can vary with type and amount of credit. Credit is usually given after ascertaining the creditability and capability of the borrowing party. Credibility is accessed by analysing the behavioural patterns of the borrower and his willingness to pay. Capability, on the other hand, is the capacity or potential of the borrower to be able to pay back the credit Consumer credit is a popular form of credit and can ...

(a) The two articles “Debt is Good for You" and “Debtors’ Prison" explore the use of debt financing by corporations and contrast it to equity financing, as well as investigate the implications of excess borrowing.

“Debt is Good for You" discusses debt and equity financing by providing a brief overview of the scientific research in this area. It uses the paper by Modigliani and Miller, who claimed that the proportions of equity and debt have no effect on the firm’s value, as a reference point for further discussion and shows the evolution of the theory related to company financing. In ...

Community policing refers to the collaborative and combined efforts between the community and the police which mainly focuses on the elimination of criminal and social disorders. This is done through the police service delivery including aspects such as traditional enforcement of laws, and combating, avoiding, problem solving and community engagement. Therefore, community policing must involve a partnership between the police department and the community members.

The models of community policing must balance reactive actions and responses to the community’s calls for policing services, accompanied by immediate and effective problem solving. All these efforts should be made with the sole ...

In naming this piece, Damien Hirst compels us to confront the message of End Game: our vanity and mortality. Hirst draws from the vanitas (Latin for vanity) genre of paintings of the 17th century, which depicted decaying animals and fruits and human skulls. The effect was to remind us of the temporality of all life. Hirst too wants us to stand face to face with our own personal “end game.” End Game is a large-scale sculpture. It measures 77 X 148 X 20 inches and stands up along a wall at one end of the gallery. The main component of ...