Greek Microsoft Case Study Example | Topics and Well Written Essays - 4500 words

Greek Microsoft - Case Study Example He/she will be responsible for the AntiPiracy organization to maximize efficiency of AntiPiracy programs externally throughout customer segments and Reseller's channel & internally for all employees driving AntiPiracy education and readiness campaigns (eg. what is Intellectual Property (IP), SW Asset management (SAM) etc). In addition, for building an external, cross-industry coalition and managing relationships with third party influential's to maximize the impact that we have on government engagement efforts targeting local and foreign influencers to combat piracy." Ten years ago the specific sub was rather small (30 employees). The General Manager was the leader and followed all Microsoft guidelines for personnel and management. This sub was particularly important for the Middle East Africa region therefore there was an interest from the headquarters for the sub's profits and sales turnover. After a major reengineering the sub moved to the EMEA (Europe Middle East Africa) region and its importance was significantly reduced. The Antipiracy Manager's position lost its importance since it became a subordinate of Small and Medium Enterprises Manager (SME) instead of the General Manager as it was before. The work environment, prior to the move to EMEA, was comfortable and employees felt they had initiative and their efforts were rewarded accordingly. When the sub moved to EMEA, a new General Manager took over the position as the old one resigned. The new GM did not have any experience of the software industry (his experience was in Digital, PC hardware) and his leadership style was different. He made his decisions based solely on his Direct Reports feedback without cross checking the info he had and without having first hand experience. This fact plus his non software experience created a very negative work environment. Employees' performance appraisal was based on their good or bad working relationships with the managers and not on objective and measurable criteria. People started playing "politics" instead of being productive. As a result, the sales turnover of the sub, after having seven consecutive years increase, was reduced significantly. The new GM was fired after having only two years work experience at the sub. Brief analysis of the theory of Emotional intelligence and the role of a positive environment. D. Goleman (2000) defines Emotional Intelligence as the ability to recognize our own feelings as well as the feelings of others, to create motives for ourselves and to handle correctly our feelings and our

E-Marketing (The strengths and weaknesses of E-Advertising) Essay

E-Marketing (The strengths and weaknesses of E-Advertising) - Essay Example This essay is a critical evaluation of the strengths and weaknesses of E-marketing. With the current developments in the Information Technology sector, it has become possible for businesses and organizations to conduct their businesses over the internet, a process that can be referred to as E-commerce (Hanson, 2000). This is facilitated by the accessibility of personal computers among the world’s population with internet connection which interfaces the suppliers with their customers through interactive websites, which enables the customers to make orders as well as to compare and to contrast the services offered by different vendors. Through their websites, the businesses are able to generate attention through the use of graphics that depict the true nature of the businesses for example by including photographs of the business premises, some of the products sold as well as the management teams among other important aspects of the business which may be helpful in building confidence in the buyers on the services offered (Reynolds, 2004). These help to create a picture on the customer’s mind on the credibility of the business, reason being that photographs communicate more on the image of the organization. Creating awareness is the main importance of advertising (Haegele, 2001). Through the internet, this goal has been achieved by businesses, which have exploited the global market at a cheaper price than the other media of advertising such as the yellow pages, through the mass media i.e. news papers and radio as well as Television etc. It is estimated that the price of creating a website is cheaper than the price of advertising on the yellow pages thus making it affordable to all types of businesses (Brown, 2006). With thousands of potential customers around the world using the internet for other purposes such as research, sending and receiving e-mails as well as communicating through chat rooms and entertainment, internet advertising offers the best

Postpartum Contraception Essay Example for Free

Postpartum Contraception Essay Postpartum contraceptive methods are those used by breast feeding women before twenty six days after they have given birth. Basing on the NICE guidelines, the advice on how to use these methods should be explained to the patients before their second postpartum week. The breast feeding women are allowed to use the lactational amenorrhoea method but they are not recommended to use the COCP (combined oral contraceptive pills) method by the World Health Organization before the first 42 days postpartum because it’s illegal (outside the license) (WHO, 2006). Below are some of the postpartum contraceptive methods. The contraceptive methods; The combined contraceptive pills (to the breast feeding women) This contraceptive method to breast women brings about some hormonal out comes on the quantity of milk and its quality too. If these pills are taken before 24 weeks postpartum, they affect the baby’s growth. In a previous review of randomized controlled trials held to clarify this case, the review reassured women that hormonal contraceptive method has no strong effects on the baby’s growth. On the other hand, the World Health Organization recommended that, breast feeding mothers before 24 weeks of postpartum should not use the combined contraceptive pills because its use is outside the license (WHO, 2006). Sterilization Basing on the guideline of Royal College of Obstetricians and Gynecologists, it shows that women should be alert about the consequences and the increasing rates at which sterilization fails before the postpartum period (Johnson, Edelman and Jensen, 2003). Lactational Amenorrhoe This method is scientifically proved to be effective in preventing unwanted pregnancies, given to a woman, in less than 24 weeks postpartum. As Johnson, Edelman and Jensen (2003) states, she does not experience virginal bleeding after the first seven weeks postpartum, and if she can fully breast feed the baby day and night. Progestogen injectables If this method is used before 42 days of postpartum, it means, that it has been used illegally by the applicant (outside their license). According to Johnson, Edelman and Jensen, (2003), if injectables are used in the early periods of postpartum, it may result into excessive bleeding. It is therefore, recommended that it should be used after 42 days of breast feeding. This may prolong bleeding if applied when not breast feeding in five days of delivery. Emergency contraceptive method This method is not required before twenty one days postpartum and it can be used even if the woman is breast feeding. The IUD may be used after one month postpartum. Implants and the progestogen only pills It is recommended by World Health Organization that this method should not be applied in the first 42 days postpartum (WHO, 2006). On the other hand, in the United Kingdom, this method is commonly used by women before 42 days postpartum since it is proved that it has no effect on the quantity of breast milk and the fact that it does not affect the growth of the baby during this specified period. The following have to be noted for application of POP As noted by (Guillebaud (1993) if its application is started after the first two weeks, there is need for some additional contraception and need to clarify that the woman is not pregnant. If the woman starts to experience constant menstrual cycles again, she has to begin the applying POP including the period of five days without the necessity for additional barrier methods. For Etonogestrel implants Guillebaud (1993) explains that, this can be applied between the first 21 to 28 days of delivery. If it exceeds from 28 days, there is need to apply additional contraception methods for a week. Barrier methods (condoms, cervical caps and diaphragms); Condoms It has been proved by scientists that condoms are eighty seven percent effective when used without any other protective measure. And said to be ninety eight percent effective if used with another measure of protection (spermicide). Every time you have sex, it is recommended that you use condoms (Guillebaud, 1993). Diaphragm As Guillebaud (1993) explains, scientifically, this method is said to be ninety eight percent effective that is if used correctly. It has to fitted by the doctor and used when having sex. Conclusion From what has been discussed above, there are many postpartum contraceptive choices a breast feeding woman can use like POP, COCP, barrier methods such as condoms, cervical caps and condoms, progestogen only pills, and others. Some women are using the COCP method, for example, women in UK, before the first 42 days postpartum and yet it is not recommended by WHO. We there by strongly conclude that women should be keen when taking postpartum contraceptives for the seek of their healthy and the child they have, it is important that they should follow the recommendations of the World Health regarding postpartum contraceptives. Reference Guillebaud, J (1993): Postpartum Contraception: Unnecessary before three weeks: BMJ, Vol. 307, 6918; p 1558-61 Johnson L, Edelman A, and Jensen J (2003): Patient satisfaction and the impact of written material about postpartum contraceptive decisions: AMJ Obstet Gynecology; Vol. 188, 5, p, 1201-5 WHO (2006): Medical eligibility criteria for contraception: Available online at: www. who. int/reproductive-health/public/mec/mec. pdf

Why Is Budgeting Important Accounting Essay

Why Is Budgeting Important Accounting Essay A budget  could be an elaborated  set up, expressed in quantitative terms that specifies  however  resources  are going to be  non-heritable  and used  throughout  such  amount  of your time. The procedures  wont to  develop a budget  represent  a budgeting system. Budgeting systems have  5  primary purposes: (1)  coming up with, (2) facilitating communication and coordination, (3) allocating resources, (4)  dominant  profit and operations and (5) evaluating performance and providing incentives.   Budgeting is simply balancing your expenses with your income. If they dont balance and you spend more than you make, you will have a problem. Many people dont realize that they spend more than they earn and slowly sink deeper into debt every year. If  you do not  have enough  cash  to try to to  everything  youd  prefer to  do, then  youll be able to  use this  coming up with  method  to  rank  your  defrayment  and focus your  cash  on  the items  that  area unit  most significant  to you. Why is Budgeting  Important? Since budgeting  permits  you  to make  a  defrayment  set up  for your  cash, it ensures  that you simply  can  invariably  have enough  cash  for  the items  you would like  and therefore the  things that  area unit  vital  to you. Following a budget or  defrayment  set up  also will  keep you out of debt or  assist you  work your  solution  of debt if  youre  presently  in debt. What  are  Budget  statement  and Planning? Once you  produce  your  initial  budget, begin to use it  and find  a decent  grieve  however  it  will  keep your finances  on the right track,  youll  wish  to  plan  your  defrayment  set up  or  allow  vi  months to a year down the road. By doing this  youll be able to  simply  forecast  that  months your finances  is also  tight and  which of them  youll need  more money.  Youll be able to  then  search for  ways in which  to even out the highs and lows in your finances  so  things  are often  a lot of  manageable and pleasant. Extending your budget out into  the long run  conjointly  permits  you to forecast  what proportion  cash  youll  be  able to  then again  vital  things like your vacation,  a replacement  vehicle, your  initial  home or home renovations,  associate  emergency  bank account  or your retirement.  Employing a  realistic budget to forecast your  defrayment  for the year  will  very  assist you  together with your  long run  monetary  coming up with.  Youll be able to  then  build  realistic assumptions  concerning  your annual financial gain  and expense and  set up  for  long run  monetary  goals like  beginning  your own business,  shopping for  associate  investment or recreation property or retiring. Budget preparation   Firstly,  verify  the principal budget  issue.  This is often  conjointly  called  the key budget  issue  or limiting budget  issue  associated  is that the  issue  which is able to  limit the activities of an  endeavor. This limits output, e.g. sales, material or labor.   a) Sales budget: this involves  a practical  sales forecast.  This is often  ready  in units  of every  product and  conjointly  in sales  worth.  Ways  of sales  statement  include:   †¢Ã‚  sales department  opinions †¢Ã‚  research †¢Ã‚  applied math  ways  (correlation analysis and examination of trends) †¢ mathematical models. In  exploitation  these techniques consider:   †¢ companys  evaluation  policy †¢ general economic and political conditions †¢ changes  within the  population †¢ competition †¢ consumers  financial gain  and tastes †¢ advertising and  different  commercial  techniques †¢Ã‚  when  sales service †¢ credit terms offered. b) Production budget: expressed in quantitative terms  solely  and is  intermeshed  to the sales budget.  the assembly  managers duties include:   †¢ analysis of plant  activity †¢ work-in-progress budgets. If  needs  exceed  capability  one may:   †¢ subcontract †¢Ã‚  set up  for overtime †¢ introduce shift work †¢Ã‚  rent  or  purchase  further  machinery †¢ the materials purchases budgets  each  quantitative and  monetary. c) Raw materials  and buying  budget:   †¢ the materials usage budget is in quantities. †¢ The materials purchases budget is  each  quantitative and  monetary. Factors influencing a) and b) include:   †¢ production  needs †¢Ã‚  coming up with  stock levels †¢Ã‚  space for storing †¢ trends  of fabric  costs. d) Labor budget: is  each  quantitative and  monetary.  This is often  influenced by:   †¢ production  needs †¢ man-hours  offered †¢ grades of labor  needed †¢ wage rates (union agreements) †¢Ã‚  the requirement  for incentives. e)  Money  budget: a  money  set up  for  an outlined  amount  of your time. It summarizes monthly receipts and payments. Hence, it highlights monthly surpluses and deficits of actual  money. Its main uses are:   †¢Ã‚  to keep up  management  over a firms  money  needs, e.g. stock and debtors   †¢ to  alter  a firm  to require  precaution  measures and  prepare  ahead  for investment and loan facilities whenever  money  surpluses or deficits arises   †¢Ã‚  to point out  the  practicality  of managements plans in  money  terms   †¢Ã‚  parenthetically  the  monetary  impact of changes in management policy, e.g.  modification  of credit terms offered to customers. Receipts  of money  could  return  from  one in all  the following:   †¢Ã‚  money  sales †¢ payments by debtors †¢ the sale of  mounted  assets †¢Ã‚  the problem  of latest  shares †¢ the receipt of interest and dividends from investments. Payments  of money  is also  for one or  a lot of the following:   †¢ purchase of stocks †¢ payments of wages or  different  expenses †¢ purchase of capital  things. †¢ Payment of interest, dividends or taxation. TYPES OF BUDGET. Master Budget A master budget  could be a  comprehensive projection of  however  management expects to conduct all aspects of business over the budget  amount,  sometimes  a  twelvemonth. The master budget summarizes projected activity by  means  of a  money  budget, budgeted  earnings report  and budgeted  record. Most master budgets  embrace  interconnected  budgets from  the assorted  departments. Managers  usually  use these  set  budgets to  set up  and set performance objectives. Master budgets  area unit  typically  employed in  larger businesses  to stay  several  managers on  an equivalent  page. Operational Budgets The operational budget covers revenues and expenses  encompassing  the  day-after-day  core business of  an organization. Revenues represent sales of  merchandise  and services; expenses  outline  prices the prices}  product of products}  sold  additionally  as overhead and  body  costs directly  associated with  manufacturing  goods and services.  Whereas  budgeted annually,  in operation  budgets  area unit  sometimes  softened  into smaller  news  periods,  like  weekly or monthly. Managers compare  in progress results to budget throughout the year,  coming up with  and adjusting for variations in revenue. Cash Flow Budget An  income  budget examines the inflows and outflows  of money  in an exceedingly  business on a  day-after-day  basis. It predicts a companys ability  to require  in additional  cash  than it pays out. Managers monitor  income  budgets to pinpoint shortfalls between expenses and sales times  once  finance  is also  required  to hide  overheads.  Income  budgets  conjointly  counsel  production cycles and inventory levels  so  a companys resources  area unit  offered  for activity, not sitting idle on warehouse shelves. Financial Budget a  monetary  budget outlines  however  a business receives and spends  cash  on  a company  scale,  as well as  revenues from core business  and  financial gain  and  prices  from capital expenditures. Managing assets  like  property, buildings, investments and major  instrumentality  could  have  a big  impact  on the  monetary  health of  an organization,  significantly  through the peaks and troughs of daily business.  Government  managers use  monetary  budgets to leverage  finance  and  worth  the corporate  for mergers and public offerings of stock. Static Budget A static budget contains  components  wherever  expenditures  stay  unchanged with variations to sales levels. Overhead  prices  represent one  kind of  static budget,  however  these budgets  are not  confined to  ancient  overhead expenses. Some departments  could  have  a set  quantity  of cash  set in budget to  pay, and  its  up to managers  to create  positive  such amounts  area unit  spent  while not  going over-budget. This condition  happens  habitually  publicly  and  noncommercial  sectors,  wherever  organizations or departments  area unit  funded  for the most part  by grants. IS BUDGET NECESSARY? Many business  house owners  fail  to line  a budget and dont  think about  this to be  vital  for them. They either  assume  theyre  not  sufficiently big  to want  one or  they need  one in their head. So, why is it  vital  for each  business  to line  a budget? A budget  is that the  success  set up  for a business.  Because the  notable  locution  says: Those  UN agency  fail to  set up,  commit to  fail. A budget helps  you propose  to succeed in  goals  at intervals  your business,  ensuring  {you  area unit youre} earning the  financial gain  you wish  and are  up to speed  of  the prices  associated with  that  financial gain. Firstly,  you would like  to grasp  what percentage  items/hours  you want to  sell per month  to succeed in  your goal  financial gain.  This is often  phased over a  twelve  month  amount. If  youre  presently  unable  to figure  out this  a part of  however  youll  earn your goal  financial gain, then  youre  not setting your business up  for achievement. Secondly,  you would like  to match  the prices  associated with  your goal  financial gain  so as  to realize  that goal. If youre a service  primarily based  trade,  youll  have direct  prices  associated with  every  hour  that you simply  charge out.  You would like  to figure  out  specifically  what proportion  every  hour  really  prices  you i.e. subcontractor/staff  prices, rent, electricity and  different  regular  prices  like  subscriptions and memberships. By having a firm  set up  in situ  youll be able to  simply  see, over the year,  during which  months  youre  creating  a profit and  youll be able to  track this against  every  individual month  to examine  however  your business  really  performed in  reference to  your budget.  After you  area unit  able to  see what you planned and what  really  happened,  youll  then be  able to  simply  establish  any  variations  Ã‚  wherever  they occurred, why they happened  and the way  youll be able to  alter  your budget or defrayment  to induce  on the right track. As the business owner  you recognize  your business  and may  return  up with the answers  you would like.  Youre  the one  UN agency  can  understand  if  theres  a  seasonal  impact, a  modification  within the  economy, or  the other  relevant variables. Remember, if  you are doing  not have  management  over your  prices  you wont  understand  if  youre  on the right track  to your goal profit. A budget  conjointly  helps you  to spot  the quality  for  income  at intervals  your business.  you cannot  maintain  income  while not  setting  an inspiration  in terms of  whats  happening  together with your  financial gain  and expenses. So setting a budget  is absolutely  vital  for creating  positive  you  accomplish  the profit  and clearly  the  money  flows  that you simply  wish  in your business.

Character Analysis of Hedda from Henrik Ibesens Hedda Gabler Essay

Character Analysis of Hedda from Henrik Ibesen's Hedda Gabler Henrik Ibsen's play Hedda Gabler portrays the life of a young newlywed woman named Hedda and her attemps to overpower the people around her. Ibsen succsessfully depicts the very masculine traits that Hedda displays throughout the play with not wanting to conform to the feminine ways or the accepted stereotypes of her gender in her society. Hedda's marriage to her husband, Mr. Tesman, only increases her desire for power because it is a constant re- minder that she now "belongs" to Mr. Tesman which Hedda resents. Hedda considers her life to be boring and finds solace in playing with her father's pistols, which is considered not a thing for a young lady to do and a very inappropriate form of entertainment for a woman. Hedda is a person that displays characteristics of masculinity and jealousy, and is shown to be very unconcerned about the fellings of others she may incounter. The play begins with Miss. Tesman, Mr. Tesman's Aunt, greeting her nephew after his six month wedding-tour. They speak briefly about his journey, and Miss. Tesman comments several times about his new beautiful wife and how lucky he is to have been the one that was choosen out of all her other suitors to carry off the lovely Hedda Gabler. Soon after Hedda enters the room, she has already insulted Tesman's Aunt by implying that her bonnet is the servants: Hedda-"Look there! She has left her old bonnet lying on the chair" Tesman-"But Hedda, thats aunt Julia's bonnet" Miss Tesman-"Yes, indeed it's mine. And, what's more it's not old, Madam Hedda" (Act I). Hedda again shows her disconcern when her husband tries to show her the slippers that his aunt has made for him as a gift: Hedda- "Thanks, I really don't care about it" Tesman- "Only think-as ill as she was, Aunt Rina embroidered these for me. Oh you can't think of how many associations cling to them" Hedda - "Scarcely for me"(Act I). Hedda pretends to befriend Mrs. Thea Elvsted ( a schoolmate from her youth) in order to solicit her confidence about her situation with an old friend of Mr.Tesman and an old flame of hers, Eilert Lovborg, who was a drunk back in the day, but has cleaned up his act and has recent... ... manuscript and burns it, thus destroying Lovborg and Thea's work and altamitly their relationship. Lovborg arrives at the Tesman house where Thea has stayed the night. He lies and tells her that he has torn the manuscript into pieces because he has torn his own life into pieces, after hearing this Thea, in a state of dispare, leaves the house. Once alone with Hedda, Lovborg confesses that he has lost the Manuscript, but could not bring himself to tell Thea because her pure soul was in that book. As he begins to leave, Hedda gives him one of her pistols as a "momento" and tells him to do it beautifully, as though she knew he felt he had nothing to live for. Brack arrived later that day with the news that Lovborg was dead, and that he still had the pistol on him when he was found, and that he knew it was one of Hedda's pistols. He tells her that she would be able to avoid scandal only if he did not tell the police he knew who the gun belonged to, but that meant being in his power, at his beck and call, his slave, and that is something Hedda just could not live with, so she excuses herself, goes in the next room and shoots herself dead. Character Analysis of Hedda from Henrik Ibesen's Hedda Gabler Essay Character Analysis of Hedda from Henrik Ibesen's Hedda Gabler Henrik Ibsen's play Hedda Gabler portrays the life of a young newlywed woman named Hedda and her attemps to overpower the people around her. Ibsen succsessfully depicts the very masculine traits that Hedda displays throughout the play with not wanting to conform to the feminine ways or the accepted stereotypes of her gender in her society. Hedda's marriage to her husband, Mr. Tesman, only increases her desire for power because it is a constant re- minder that she now "belongs" to Mr. Tesman which Hedda resents. Hedda considers her life to be boring and finds solace in playing with her father's pistols, which is considered not a thing for a young lady to do and a very inappropriate form of entertainment for a woman. Hedda is a person that displays characteristics of masculinity and jealousy, and is shown to be very unconcerned about the fellings of others she may incounter. The play begins with Miss. Tesman, Mr. Tesman's Aunt, greeting her nephew after his six month wedding-tour. They speak briefly about his journey, and Miss. Tesman comments several times about his new beautiful wife and how lucky he is to have been the one that was choosen out of all her other suitors to carry off the lovely Hedda Gabler. Soon after Hedda enters the room, she has already insulted Tesman's Aunt by implying that her bonnet is the servants: Hedda-"Look there! She has left her old bonnet lying on the chair" Tesman-"But Hedda, thats aunt Julia's bonnet" Miss Tesman-"Yes, indeed it's mine. And, what's more it's not old, Madam Hedda" (Act I). Hedda again shows her disconcern when her husband tries to show her the slippers that his aunt has made for him as a gift: Hedda- "Thanks, I really don't care about it" Tesman- "Only think-as ill as she was, Aunt Rina embroidered these for me. Oh you can't think of how many associations cling to them" Hedda - "Scarcely for me"(Act I). Hedda pretends to befriend Mrs. Thea Elvsted ( a schoolmate from her youth) in order to solicit her confidence about her situation with an old friend of Mr.Tesman and an old flame of hers, Eilert Lovborg, who was a drunk back in the day, but has cleaned up his act and has recent... ... manuscript and burns it, thus destroying Lovborg and Thea's work and altamitly their relationship. Lovborg arrives at the Tesman house where Thea has stayed the night. He lies and tells her that he has torn the manuscript into pieces because he has torn his own life into pieces, after hearing this Thea, in a state of dispare, leaves the house. Once alone with Hedda, Lovborg confesses that he has lost the Manuscript, but could not bring himself to tell Thea because her pure soul was in that book. As he begins to leave, Hedda gives him one of her pistols as a "momento" and tells him to do it beautifully, as though she knew he felt he had nothing to live for. Brack arrived later that day with the news that Lovborg was dead, and that he still had the pistol on him when he was found, and that he knew it was one of Hedda's pistols. He tells her that she would be able to avoid scandal only if he did not tell the police he knew who the gun belonged to, but that meant being in his power, at his beck and call, his slave, and that is something Hedda just could not live with, so she excuses herself, goes in the next room and shoots herself dead.

Essay --

Bonds and Equities Defining Bonds and Equities Bonds are certificates of obligation or indebtedness, issued by governments and companies to raise funds repayable at interest over relatively long periods. Equities are investments exercised by purchasing a share in the ownership of a corporation; and are more commonly called stocks or shares (as in the stock market or share market). Bonds have a very favorable relationship with equities. Historically, when equity markets fell, bonds had gone up in value, partially offsetting the fall. When equity markets rise, interestingly, high quality bonds also tend to rise, although to a lesser extent. Therefore for an investor with equity portfolio wanting to reduce portfolio volatility or make the portfolio less susceptible to a fall in equity markets bonds are the most appropriate. Bonds generally pay a much higher income than high quality government and corporate bonds to compensate for higher risk. Similar to equities, bonds tend to perform best when economic growth is strong with low stable interest rates. In such an environment the ability of these companies to pay interest and repay their bonds on the maturity date is greatly enhanced. [Z. Bodie, 2000] Investment in bonds and equities, usually via stock-markets and other exchanges for financial instruments. So-called "portfolio investment" is usually relatively easy to re-sell; hence this type of investment can flow relatively easily into and out of a country's stock-markets. This can lead to volatility in share-prices and levels of capital availability. What’s the difference? Equities are shares listed on the stock exchange. Their prices are influenced by the underlying performance of the companies, the sectors in which they operate ... ...easures pertaining to the micro stability of the intermediaries can be subdivided into two categories; general rules on the stability of all business enterprises and entrepreneurial activities, such as the legally required amount of capital, borrowing limits and integrity requirements; and more specific rules due to the special nature of financial intermediation, such as risk based capital ratios, limits to portfolio investments and the regulation of off-balance activities. [White 1996] References Z Bodie, A Kane and A J Marcus. "Investments". 5th Ed. Irwin 2000. E J Elton and M J Gruber. "Modern Portfolio Theory and Investment Analysis". John Wiley 5th Edition 1995. White L., 1996, "International Regulation of Securities Markets: Competition or Harmonization?† in Lo A. (ed), The Industrial organization and Regulation of the Securities Industry, NBER, Cambridge

Final study guide

Final Exam Study Guide Know these people Carl Linnaeus- Swedish botanist who established a system for naming species that is still in use today; two-part name unique to each type of organism Jean Baptists Lamarckian-proposed that individuals change in response to challenges posed by the environment and the changed traits are then passed on to offspring Charles Darwin- said that species change over time but do not progress; individual variation is important and variation is what drives evolution Biodiversity How many species have been described? Approximately 1. 5 million (114 of all species) How many species remain to be described? What animals account for the greatest amount of species diversity? Insects How do we estimate biodiversity? Genetic diversity, species diversity, ecosystem diversity, change through time -variety and variability of life on earth, measured by species What are ecosystem services? Processes that increase the quality of the biotic environment -atmosphere and c limate, freshwater, nutrient cycling, pollination, pest population, disease What is an ecological footprint?How many additional planet earths would be required if all humans had the ecological footprint of an American? 4 planets Why is biodiversity important? Why study biodiversity? Economical and biological benefits Science What is a theory and how does it differ from a hypothesis? Well a hypothesis is a possible or tentative explanation for scientific findings that a scientist discovered during research. A theory is a tested by other scientists who get the same results as the previous scientists hypothesis Evolution and Natural Selection Why did Darwin delay the publication of The Origin of Species?Because of â€Å"special creation† was still very popular What is unfamiliarity's and how does it relate to the process of Natural Selection? Their ideas both relied on low changes over time rather than cataclysmic events that caused sudden upheaval or change What is a geometric progression;- -is a sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-zero number called the common ratio -population growth what is an arithmetic progression? -increases by a constant difference (e. . , units of 1 or 2 or 3) -food supply -supply gradually increases with large population jumps How do these relate to populations and natural selection? – lack of resources causes competition Review the medium ground finch study (Gasping forties). What type of selection? Directional selection What influenced beak size? Since only big seeds became available, individuals with particularly large and deep beaks were more likely to crack these fruits efficiently enough to survive How did this relate to rainfall? He drought cause the sources of seeds as food to decline What are the conditions necessary for Natural Selection? – individuals vary -some variations are heritable -more offspring are produced than can survive - individuals with traits that confer an advantage are more likely to survive and reproduce What are the agents of evolutionary change – review notes on tuition, coneflower, nonrandom mating, genetic drift.Mutation-constantly introduces new alleles at all loci -increases genetic diversity in population -ultimate source of all genetic variability -random with respect to fitness Gene Flow- the movement of alleles from one population to another -random with respect to fitness -tends equalize allele frequencies among populations Nonrandom matting- nonrandom mating between relatives -causes inbreeding depression -helps selection weed out deleterious alleles Genetic Drift- any change in the allele frequencies in a population that is due o chance (luck, sampling error) ;causes allele frequencies to drift up and down randomly over time What is fitness? The ability of an individual to survive and reproduce, relative to other individuals in that population What is artificial selection? S elective breeding of domesticated plants and animals to produce offspring with desired genetic traits How does natural selection produce major change? Trial selection is the tendency of the ones best suited to survive in their environment to survive longer and pass on their genes more often – those genes then become more common and the harmful rations die out, gradually reshaping all life and fine-tuning it to it's environment. What is homology? The occurrence of similar features in different species because they both inherited the trait from a common ancestor What is the most common cause Of homophony? -convergent evolution -occurs when natural selection favors similar solutions to problems posed by a similar way of life What is a vestigial structure? Any rudimentary structure of unknown or minimal function that is homologous to functioning structures in other species -are thought to reflect evolutionary history How do imperfect structures relate to the theory of evolution b y Natural Selection?If evolution is true, then â€Å"imperfect design† is expected, because natural selection works to make an organism well-adapted, but not perfectly adapted, to their environment What is convergent evolution? Review the fish ichthyology example from class and the text. Process by which unrelated organisms independently evolve similarities when adapting to similar environments. Starting about 200 million years ago, these marine reptiles evolved body plans (and behavioral patterns) strikingly similar to those of odder dolphins and bluffing tuna (great example of convergent evolution) Be able to recognize disruptive, directional, stabilizing selection.Disruptive both extremes are favored, and the average phenotype is selected against – relatively rare -maintains genetic variation -plays a role in speciation-the generation of new species Directional- one extreme is favored, and the average phenotype (and the other extreme) is selected against -changes th e average value of a trait Stabilizing- reduces genetic variation -the average phenotype is favored, and both extremes are selected against – he average value of the trait does not change over time What is the difference between macroeconomics- Large-scale evolution occurring over geologic time that results in the formation of new taxonomic groups. ND microinstruction – evolution resulting from small specific genetic changes that can lead to a new subspecies Hardy-Weinberg You will not be asked to do any Hardy-Weinberg calculations What is the basic tenet of the Hardy-Weinberg Theorem? When alleles are transmitted via meiosis and random combination of gametes, their frequencies do not change over time -for evolution to occur, some other actor or factors must come into play -if the frequencies of alleles AH and AH in a population are given by p and q, then the frequencies of genotypes AH AH , AH AH, and AAA will be given by pa, ops, and sq for generation after generatio n What are the assumptions of the H-W Theorem? O natural selection -no genetic drift (no random allele frequency changes) -no gene flow via immigration or emigration -no mutation -random mating (with respect to the gene in question) pa -the predicted frequency of the offspring AH AH genotype* ops-the predicted frequency of the offspring AI genotype + sq -the predicted regency of the offspring AAA genotype= 1 : what are the allele frequencies, what are the genotype frequencies in a non-evolving population? Frequency of dominant allele the frequency of the recessive allele frequency of AAA (homozygous dominant) ops= frequency of AAA (heterozygous) sq= frequency of AAA (homozygous recessive) How do you recognize a population not in H-W equilibrium? If it does not equal one Why would a population not be in H-W equilibrium? B/c changes would occur and that would not be realistic Species and speciation Review the Biological Species Concept. Cost widely accepted concept -defines species as a population or group whose members have the potential to interbreed with one another in nature to produce viable, fertile offspring Be able to differentiate between Predating/Precocity-individuals of different species are prevented from mating, Postdating/Precocity and Posthypnotic- when individuals from different populations do mate, but species will have low fitness or fitness or offspring will be sterile barriers. What are the predating-Factors which cause species to mate with their own kind (assertive mating) and postdating barriers-Genomic incompatibility, hybrid amiability or sterility What are posthypnotic barriers? What is a hybrid?Temporal isolation-populations are isolated because they breed at different times Habitat Isolation- populations are isolated because they breed in different habitats Behavioral Isolation- populations do not interbreed because their courtship displays differ Gametes Barrier- mating fail because eggs and sperm are incompatible Mechanical Isolatio n- mating fail because male and female reproductive structures are incompatible Hybrid Viability- hybrid offspring do not develop normally and die as embryos Hybrid Sterility- hybrid offspring mature but are sterile as adults Hybrid-the offspring of parents from two different strains, populations, or species In very general terms what does the Biological Species Concept state about the nature of species? What are some of the problems with the Biological Species Concept? Tot applicable to asexual or fossil species; difficult to assess if populations do not overlap geographically Be able to define the terms symmetric-occurs even though gene flow is possible; is rare or nonexistent – even though symmetric populations are not physically isolated, they may be isolated by preferences for different habitats and allophonic- begins with physical isolation via either dispersal or vicariate What is the phylogeny species concept? -based on reconstructing the evolutionary history of popul ations What is the morphological species concept? Identifies evolutionary independent lineages by differences in morphological features – based on the idea that distinguishing features are most likely to arise if populations are independent and isolated from gene flow The Fossil Record and Mass extinctions What are the different types of facsimiled materials?Thousandth Microfossils- first animals on Earth -include tiny sponges Dedicated faunas- -include sponges, jellyfish, and comb jellies as well as facsimiled burrows, tracks, and other traces from unidentified animals -small, have no shells, limbs, heads, mouths, or feeding appendages -sat immobile on the seafloor, or floated in the Water Burgess Shale Faunas- sponges, jellyfish, and comb jellies, arthropods, and mollusks -tremendous increase in the size and morphological complexity of animals occurred, accompanied by diversification in how they made a living Fossil Intermediate- we can see the bridge between where we start ed and here we are now with these intermediate fossils How are rocks in fossils preserved?What are fossil intermediates? What was the Cambrian Explosion? When did it occur? About 563 million years ago What is a mass extinction? How many are there in the paleontologist record? Result from extraordinary, sudden, and temporary changes in the environment , 5 records What is the sixth mass extinction? The ongoing extinction of Earth's creatures caused by humans What are some of the putative causes for the Permian mass extinction? When did it occur? What percentage of species went extinct? 0% 251 million years ago When was the KIT mass extinction? 65 million What is the evidence that points to an asteroid strike as the trigger of the KIP extinction?Sedimentary rocks that formed at the KIT boundary contain very high amounts of iridium (rare on Earth, common in meteorites) -In Haiti, shocked quartz and micrometeorites are abundant in rock layers from this time period -The huge crater off th e coast of Mexico Yucatan Peninsula Review the timing and general characterizations of the Paleozoic-saw the origin and initial diversification of the animals, land plants, and fungi, as well as the appearance of land animals, Pre-Cambrian-life was exclusively unicellular for most Of Earth's history -oxygen was virtually absent from the oceans and atmosphere for almost 2 billion years after the origin of life, Mesozoic- extinction of dinosaurs -in terrestrial environments of the Mesozoic, gymnosperms were the most important plants and dinosaurs were the most important vertebrates, Cenozoic-on land, angiosperms were the most important plants and mammals were the most important vertebrates and Cambrian Phylogeny How does the principle of parsimony apply to phylogeny reconstruction? Deer parsimony, the most likely explanation or pattern is the one that implies the least amount of change -a computer compares the branching patterns that are theoretically possible and counts the number of changes in DNA sequences required to produce each pattern Define the following terms: contemporary-a trait found in certain groups of organisms that exists in no others -homologous trait (inherited from a common ancestor), Primitive A structure which is NOT exclusively shared only by all members of a group by virtue of descent from a common ancestor -cannot be used to extinguish between members of a group because all actually or ancestrally possess the Structure -Example: Vertebrae are possessed by all birds but also by all other vertebrates.Possession of vertebrae cannot be used to distinguish the birds from other batteries since all batteries including birds share that trait, ancestral-A trait shared by all members of a group through a common ancestor. , derived-A structure which IS exclusively shared ONLY by all members of a group by virtue of descent from a common ancestor -Example: Among vertebrates, feathers are possessed by all birds ND by NO OTHER VERTEBRATE -Possession of feathers CAN be used to didst anguish the birds from other batteries since no batteries except birds share that trait.. Of the above which provide the only real evidence for relationship? Derived Trait How do you establish if a character is derived or ancestral (hint: outgrip and ingrown)- Assume that the character in the outgrip is ancestral.Fifth character is different in the ingrown, then it is considered derived -To determine whether a character is ancestral or derived compare the character in the ingrown with that of the outgrip Define: monopolistic-an evolutionary unit that includes an ancestral population and all of its descendants but no others (also called a clawed or lineage), paralytic-an evolutionary unit that includes an ancestral population and some but not all of its descendants -meaningful unit in evolution, polytechnic-composed of unrelated organisms descended from more than one ancestor. Be able to recognize the above terms within the context of a phylogeny tree. O f the above terms which one is preferred? – monopolistic group Which is most likely the reality of any group? Reparability group Prokaryote (study sections 28. And 28. 3) What feature has contributed significantly to bacterial diversity? Be able to differentiate been gram-positive- have cell walls composed of a thick layer of pedagogical -bacteria that look purple when treated with a gram strain and gram-negative-bacteria that look pink when treated with a gram stain bacteria have a cell wall composed of a thin layer of pedagogical and an outer phosphoric layer bacteria. Review bacterial metabolic diversity (heterodox-acquire carbon containing compounds from other organisms, lithograph-oxidize inorganic ions such as ammonia or methane to fuel cellular aspiration etc. What features distinguish Reach-no nuclear envelope -circular chromosome -all unicellular -flagella spin like bacterial flagella, but in a distinctive molecular composition have unique phosphoric in their plasma membranes, Bacteria-no nuclear envelope -have pedagogical in their cell walls -flagella spin like propeller -almost all unicellular and Eukaryote-nuclear envelope -flagella undulate back and forth? Are prokaryote monopolistic-yes, because there are two main lineages that diverged very early in the history of life Protests (study sections 29. 1 , 29. 2 and 29. ) What is the domain Eukaryote? What is the endometriosis origin of eukaryote – who proposed it and what is the evidence supporting it?Mitochondria are most closely related to what group of bacteria – to what group are chloroplasts most closely related? Do protests form a monopolistic group? What groups must be included? Land Plants (study sections 30. 1 and 30. 3) What group is most closely related to land plants? Green Algae What features were the main features that allowed plants to inhabit and subsequently diversify on land? Terrestrial habitats have more sunlight and more CA than aquatic habitats -Preventing water loss: cuticle and stomata -upright growth and vascular tissue Review the general features of land plant phylogeny. What were the major features to evolve over the course of land plant history?