Cost-Quality Relationship Essay

There are three types of costs when quality considerations are made: Appraisal Costs, Prevention Costs, and Failure Costs. These costs are affiliated with the efforts of process improvement and are also known as quality costs or cost of quality. Appraisal costs are associated with measuring, evaluating or auditing products and services to satisfy quality and performance requirements set by the company. Examples of this cost include inspection and testing of purchases material, final inspections, audits for products and services, and testing equipment. Prevention costs are associated with all activities designed to prevent and stop poor quality in the products and services provided to the customers. Examples of this cost include new product review, supplier surveys, capability evaluations, improvement projects, education and training. Failure costs result from products and services that did not meet the quality standards and requirements set by the company. They divided into two categories: Internal Failure Costs and External Failure Costs. Internal failure costs occur before delivery and shipment of product and/or before services are performed to the customer. Examples of this cost include scrap,  rework, retesting, re-inspecting, reviewing the material and downgrading. External failure costs occur after delivery and during or after providing the service to the customer. Examples of this cost include reviewing and processing customer complaints, customer returns, claims based on warranty, and recalls. The total quality costs are the sum of the appraisal, prevention, and failure costs. This will represent the difference between the actual costs of the product and/or service. The trade-offs between the appraisal, prevention, and failure costs are relevant. Some believe when the prevention costs are increased , the appraisal and failure costs will decrease substantially. This means that the total costs will be lower. Others say that if they spend too much on quality, it will reduce the money available for other projects such as upgrades to technology.

Life of Isaac Deutscher Essay

Trotskyism is a theory by a German, Leon Trotsky who was a Bolshevik-Leninist and also a Marxist. Trotsky politics do not advocate for socialism but rather proletarian revolution in a country, proletarian revolution is a revolution whereby the working class work together to overthrow bourgeois. Trotsky’s followers are known as Trotskyist or Trot. The play Trotsky’s bar mitzvah is a ten minute play that was produced in Louisville KY. The drama explores the life of a Jew in the twentieth century. The play is somewhat based on the life of Isaac Deutscher. Isaac Deutscher was born in Chrzanow in Poland into a family of religious Jews, he studied the torah and the Talmud but by the time of his bar mitzvah he had lost his faith. After testing God by eating forbidden food at the grave of a holy person and witnessing that nothing happened, he became an atheist. The play examines the life of Isaac Deutscher and the challenges he went through that eventually led him to loose his religion. Since the play is set in modern times, the viewer is able to relate to the life of the main character in the play and understand the life of a modern ay Jew. The charm in this play is irresistible, Max Apples is willing to experiment and try almost anything. He welcomes new ideas and his language is versatile. In the play he captures the audience by recreating history afresh and using an approach that the viewer is able to relate to. The author of the play, Max Apple has been compared favorably with other prominent writers such as John Barth, Philip Roth, and Woody Allen. Although his work has received critical acclaim and enjoys considerable popularity, some commentators think Max’s work in literature may have limited relevancy due to Max Apple’s heavy usage of cultural references, he makes use of plenty of his Jewish traditions in which some non Jewish readers find hard to relate to. However, it has been posited by some scholars that Apple’s audience is increasingly a younger generation, the younger generation is more sympathetic to his flashy postmodern technique in literature and for whom the written language of the play is less meaningful than apples pictograph which is flashy. The author has borrowed real-life figures for use in his fiction for purely utilitarian and pragmatic purposes: the author assumes that his readers know some things and hence commences his work from there. He has stated that he tries to write very quickly and economically so that anything that saves him from descriptions and unnecessary words is always helpful to him. That explains why the play ‘Trotsky’s bar mitzvah’ is rather short. The playwright does not use long descriptive sentences. The play is given serious themes by the author, examples of these serious themes include: death, love, health, money. The use of humor is widely employed in his work; the author uses comic relief as he examines the variety of human attributes. To the author, allusions, ironies, and levels of meaning make writing rather tiresome and instead he prefers the use of symbols, acronyms, images, real names, datelines, and the kind of catchy and absurd headlines often found in tabloids to give his writing an edge that it has over other types of literary works. The author is indeed charming in script as well as in character as depicted in the play, he is more interested in exploring new forms of writing, Max Apples has a refreshing and an uncommon way of telling a story. In conclusion it is clear to say that that play ‘Trotsky’s bar mitzvah’ is wide known for its characteristics in comedy, intelligence, and witty inventiveness. Although it has a cultural bias that tends to discriminate non Jews or people who have no knowledge of Jewish traditions, it is safe to say that it is indeed a fascinating piece of work. REFERENCES 1. http://actorstheater. com 2. Jerome Beaty, J. Paul hunter: new worlds of literature. 3. http://seanhart. com/barmitzvah 4. http://the nation. com/doc/200503/aronson

How does Black Death Impact the Medieval History Essay

According to Robert s. Gottfried The Black Death, â€Å"the black death was defined as a combination of bubonic, pneumonic, and septicaemic plague strains. It devastated the Western world from 1347 to 1351, killing 25%-50% of Europe’s population and causing or accelerating marked political, economic, social, and cultural changes. People were astounded, bewildered, and terrified.† (Gottfried Robert S., The Black Death; Natural and Human Disaster in Medieval Europe, United State of America, 1985, print, Introduction. ) It is a great plague occurred in Europe in the middle ages and it was an unprecedented disaster in human history. The most important part from the Black Death is the bubonic plague, this plague comes from dead black rats and it will affect from rats to people. This devastating disease was started from the plains of central Asia, then, the plague from rats have spread in Silk Road; additionally, people and things that participated in the Silk Road were carri ed this plague into North Africa and Europe. From Gottfried and Spielvogel’s book, they accounts three main aspects to shows The Black Death drastically influenced medieval Europe, these three parts are European’s economy, population and their psychological. First, The Black Death plays a significant role in the economics part, the disaster was leaded population quickly decreased in Europe. This phenomenon caused the depression across the land, no one have enough time to focus on the farm or to improve the productivity. Moreover, The Black Death also pushed serf system broken fast. People during thirteen century to fourteen century realized it is important to product more and more foods, they started work hard for themselves in order to gain a better life. Moreover, the open trade goes well to the rest of world from 1400 to 1600, like the book said, â€Å"it was a period of transition, in which northern Europe played an increasingly important commercial role, and in which the center of economic activity was sifting from the Mediterranean to the northwest.† In conclusion, The Black Death really change the economic strategy a lot during the medieval Europe.( Gottfried Robert S., The Black Death; Natural and Human Disaster in Medieva l Europe, United State of America, 1985, Print, Chapter 7, P144) Second, The Black Death made famine and population parts were got a hard hit. â€Å"Some  historians estimate that famine killed 10 percent of the European population in the first half of the fourteenth century.† (Spielvogel Jackson J. Western Civilization, Eight Edition, Volume I : To 1715, 2012, 2009, 2006 Wadsworth, Chapter 11, Famine and Population, P307.) Between 1347 to 1351, the plague across almost cities in Europe, it cover such as France, Spain, Germany and more, until 1351, the plague was disappeared in north Europe. The death happened frequently in the populated part and the urban area. On the other hand, famine causes the decrease in population, too. People ate limited food or sometimes they even kept hungry for a long time, in the other words, it meant that long period unhealthy diet has directly impact the population. Third, plague attacked people’s psychological area. With the increasing number of mortality, People eventually shows their nature, it also represents the dark side of the human nature. It is hard to make a choice when People faced diseases and family or friendship. An example of the book which accounts that â€Å"one related the word of a child left behind: oh father, why have you abandoned me? †¦ Mother, where have you gone? † (Spielvogel Jackson J. Western Civilization, Eight Edition, Volum e I : To 1715, 2012, 2009, 2006 Wadsworth, Chapter 11, P308.)From the question he or her asked, it is not hard to define that, people in that time were very fear about death and fear to touch with any disease. For those parents who abandon their kids, this cruel behavior were totally broken all the normal human relation. In conclusion, The Black Death made a numerous people suffer in the painful world. But it still was an unavoidable event for the whole word, the disaster bring the social evolution for the whole Europe. In my point of view, I think people’s psychological part from the Black Death have made a greater impact on society. Last but not least, The Black Death definitely had a great impact than a war or a person, because it caused a lots of effects on the human and the natural world. Reference: 1. Gottfried Robert S., The Black Death; Natural and Human Disaster in Medieval Europe, United State of America, 1985, print, Introduction. 2. Gottfried Robert S., The Black Death; Natural and Human Disaster in Medieval Europe, United State of America, 1985, Print, Chapter 7, P144 3. Spielvogel Jackson J. Western Civilization, Eight Edition, Volume I : To 1715, 2012, 2009, 2006 Wadsworth, Chapter 11, Famine and Population, P307 4. Spielvogel Jackson J. Western Civilization, Eight Edition, Volume I : To 1715, 2012, 2009, 2006 Wadsworth, Chapter 11, P308

State Childrens Health Insurance Program Essay Example | Topics and Well Written Essays - 1250 words

State Childrens Health Insurance Program - Essay Example State Children’s Health Insurance Program was an initiative that enjoyed the support of the congress as well as the US presidents. For example, while President Clinton together with the first lady Hillary Clinton provided adequate support to Senator Kennedy during the drafting of the bill, President Obama ensured that the umber of children being covered by the program increased. One of the key measures that were taken by Obama in 2009 to ensure that 4 million children were covered was the signing of the Children's Health Insurance Reauthorization Act. Additionally, the program was authorized to be under operation for the next two years after the signing of Patient Protection and Affordable Care Act and Reconciliation Act of 2010 by president Obama. Despite support by the two US presidents, there was a set back in 2007 when President Bush opposed the reauthorization bill arguing that the expansions were not proper. This led to the signing of the reauthorization bill in 2007 tha t only allowed the S-CHIP to continue its services without increasing the number of benefits. Two notable political aspects that provided a positive impact on the S-CHIP was the control of the Oval Office by the Democrats as well as their high number in both houses of congress. As a result of these aspects, the program was expanded up to 2013 after the passage of the reauthorization bill. The success of the State Children’s Health Insurance Program can be traced to the contributions of a number of political players. For instance, Bill and Hilary Clinton, the key supporters of the bill advocated for more adjustment to be made to the health legislations in order to cater for the health of the children. Similarly, it was

Study plan (essay) for studying abroad application Essay

Study plan ( ) for studying abroad application - Essay Example I anticipate to study international law, environmental economics, global environmental system, and introduction to environmental science. These subjects will broaden my knowledge in global environment and prepare me for future career as an environment professional at UNEP, which is my dream career. According to Stanley (2004, pp31-32), international law entails a variety of treaties and traditions, which control the conduct of sovereign states among themselves and people who trade or have legal relationships that involve the jurisdiction of more than one state. Since my future dream is to work with UNEP, studies in environmental economics, global environmental system and international law will equip me with necessary knowledge and skills to work in the international organization. In my academic sojourn in Korea, I intend to finally specialize in environmental science and international law. By studying these courses, I want to achieve knowledge on how environmental issues are dealt with not only in Korea but also globally. Currently, the world is facing a myriad of environmental challenges, such as climatic change, disasters and conflicts, ecosystem management, emission of harmful substances to the environment in addition to improper utilization of natural resources (United Nations Environment Programme, 2004, p14). I intend to enroll in the college of law, technology and in college of science at Korea University. At the college of law, I aspire to study courses in international and environmental law, in addition to human rights law. In the college of science and technology I intend to enroll for environmental engineering courses, which will equip me with relevant knowledge and skills. These include offering amicable solutions to global warming, and initiating environmentally friendly initiatives. Outside the classroom, I want to learn more about the Korean culture, especially gaining more understanding on their language and other

Project Pitfall Analysis Essay Example | Topics and Well Written Essays - 500 words

Project Pitfall Analysis - Essay Example The risk management process is very important for smooth running of the concerned project. Generally a detailed survey of the market is not done which results in the facing of unidentified risk due to its wrong assessment. To overcome these barriers a few calculative measures have to be taken. The focus of risk aversion should be mainly to take up a level of project whose risk can be easily identified and acceptable; prioritize the alternatives of the risk attached to the concerned project; resourcing, selecting, planning and implementing the most appropriate course of action elected for the elimination of the risk; double check on whether the action plan thus formulated is working in accordance to the plan hatched and lastly a regular revision of the action plan keeping the present market conditions in mind (â€Å"The Risks and Risk Identification† 1). The inadequate project management capability can arise due to faulty selection of the personnel for the respective company. This can be overcome by appointing the right person at the right time for the right designation having the required qualification for the concerned post. As the incapability to perform in managing the project of the company generally arises out the lack of sound knowledge of that field. As said earlier that a project needs to have clarity before undertaking, thus the lack of it results in confusion and disagreements about the project responsibility. Confusion leads to disagreements which can be due to various reasons like goal conflicts which occur because of the end results attached to it along with clashes related to the objectives of the project and administrative conflicts which may arise due to the management structure and responsibility assigned related to tasks, functions and decisions. All these have a solution, the application of which will help overcome the crises. Firstly, developing a master plan with will be compatible for the application of the long term

Stereotypes in Advertising Essay Example | Topics and Well Written Essays - 1750 words

Stereotypes in Advertising - Essay Example This paper shall now discuss stereotyping in advertising. It will first explain what stereotyping means; second, it will show two different examples of stereotyping (gender and age); and third, it will discuss the role of stereotyping in future advertising. Stereotyping is about sharing beliefs and values, based on personal qualities, personalities, behaviour, and traits distinct to a specific group of people (Gafencu-Bandiul, 2006). Stereotype was first used by Lippmann in 1922 in psychosociological applications where he evaluated images of the mind needed in order to sift through complicated and objective realities (Gafencu-Bandiul, 2006). At present, most researchers in psychology declare with the definition used on Leyens and colleagues (1994) who suggest implicit discussions on personality seen for specific groups of people. In terms of personalities, stereotyping relates to associated variables, mostly visual and unique, variables which assist cognitive functions. In the same vein, the direction of data from the environment supports these stereotypes (Gafencu and Bandiul, 2006). Expressing stereotypes is based on premises where behaviour is based. However, as pointed out by Cuddy and colleagues (2009) this often is not confined to behaviour alone, but on the way people express and support stereotypes within groups. Language used to describe what is observed may sometimes be different from the abstract concepts. Speech is sometimes applied to image, not so much on the written language; however stereotypes can also be manifested through written speech, film, sports, concerts, and advertisements where the stereotype would impact significantly on utterance (Gafencu and Bandiul, 2006). There are numerous gender stereotypes across the world. Due to globalization trends around the world, consideration unification of these stereotypes has been seen. Social trends like women’s emancipation, feminism, and the thirst for human rights have

Legal, Environmental and Social Constraints Essay

Legal, Environmental and Social Constraints - Essay Example The regulation aimed at controlling the most polluting processes such as at power stations. The following hydrocarbon processes, as prescribed by The Environmental Protection (Prescribed Processes and Substances) Regulations 1991 (SI 1991/472), require authorization if they are likely to release prescribed substances." (Environmental legislation applicable to the offshore hydrocarbon industry (England, Scotland and Wales) The proposed expansion of Stansted Airport faced a lot of controversy. A preservation group protested and stated that the expansion could lead to the destruction of many historic buildings. Although the Government assured that the listed properties could be rebuilt outside the new boundaries but the Society for the Protection of Ancient Buildings kept the stance that the airport expansion will lead to maximum damage to the country's heritage including two important monuments Waltham Manor and The Grange. The controversy also directed towards the lack of planning in order to deal with the increasing demand of future air travel. The pressure groups warned for the legal action against the airport authorities that presented the proposal to build another runway on Stansted Airport. The group took the stance that the costs attached to the expansion of the Stansted Airport are lot more than the benefits attached to the plan. Reference SSE News Archives, 27 December 2003 http://www.stopstanstedexpansion.com/news_archive06.html Q 3. Explain what is covered by EMC legislation, What part was played by the EU in this piece of legislation. "The word EMC does not include the influence of electromagnetic waves (either desired or undesired) on biological systems. This is a much larger field and is covered by the expression "EMCE" ("E" is for environmental), which is not the topic here and is also not the field in which EM TEST works." (Mohr) The EMC makes sure that all the electrical products shall work in their environment and will not generate electromagnetic disturbances, which can effect the performance of other products. The EMC also covers the

Supply Chain Management Essay Example | Topics and Well Written Essays - 1500 words - 4

Supply Chain Management - Essay Example Extensive research shows that a considerable percentage of the overall budget of any given company emanates from the costs of flow of materials, and it is upon which companies are rated (Maloni & Brown, 2006, 68). This paper delves into SCM by centering on some of the underpinnings associated with it to ascertain its prominent features that are involved in the improvement of flow of materials from producers as raw materials to end user as finished products, and its involvement in the reduction of costs associated with supply chain. Integrated supply chain In such a situation of Lauritzen Bulkers, a suitable supply chain will be that which identifies vividly the important information systems as well as material flows, and should be aimed at meeting the needs of the customers. This is because a customer play a significant role in the supply chain, and it is upon the management team to ensure they are satisfied with the products and services. This is why any disruptions that may occur i n one mode of transportation may have an effect on the supply and demand for goods world over. This is, in addition to, the globalization that is deep rooted in today’s world, where technology has managed to bring products, services, and people so close that businesses are happening far and wide with transactions made online (Arnseth, 2010, 27 ). This means that an incorporated supply chain should be in force to cater for the big fleet of ship as well as the people involved, for this will ensure the working together of everyone involved towards an appealing proposition of mutual benefit to all the parties concerned. Therefore, it is the relatedness of supply chain progression that offers an enhanced potential that can be seized to achieve a competitive advantage. This is, in addition to, its importance in holding onto that promise of ensuing success. Lauritzen Bulkers Company has achieved this through employment of youthful employees who are at prime performance of their life . This translates to increased productivity in an industry whose success depends on the energy and the flexibility of employees. Moreover, purchases of new vessels that are aiding in the effective transportation with no delay are significant. Therefore, what the company needs on top of these energetic employees as well as new vessels is s good management team that should strive to make the best use of the accessible resources, for the betterment of the company. This should, thus be evident at all the supply chains to ensure that there is no break in the communication flow, which however small it may seem, is capable of disastrous end results. Information systems and management across the chains It is factual that management of logistics and technology come out as a success when costs related to logistic operations are controlled as well as an alarm for information technology whose success relies on selection, exploitation and incorporation (Arnseth, 2010, 25). Therefore, the informa tion systems available are capable of granting a company to decide on what the right supply chain strategy and the mode of transportation of goods. If faced with the same responsibility, I would opt for an efficient delivery system that is home delivery to ensure that the right products land into the rightful owners with certification. Road transport is fine for it is cheap, fast and reliable for it can be found

Assessment Tool Essay Example | Topics and Well Written Essays - 750 words

Assessment Tool - Essay Example This paper will concentrate on the communication aspect. Positive result of communication contributes a lot such as increased recovery rates, a sense of safety and protection, better patient satisfaction. The communication may include comprehensible pronunciation, listening skills, non-verbal communication and usage of professional as well as local language. Cultural awareness also is an inevitable part of communication. Assessment Tool Purpose Simulations can be used to assess the communication skills of the nursing students. In simulations, particular set of conditions are created artificially for studying or experiencing something that could exist in reality. The simulations can be created by the clinical faculty without harming the patient. Here the patients will be able to give their feedback both physiologically and interactively. The members of the family also cooperate in this assessment. This keeps away miscommunication that might cause risks on patients. It can be a cheerfu lly constructed clinical setting where there is an interpersonal relationship among the patient , relative, peer etc. The faculty also may include recording in the process to keenly observe the flaws. Creating such simulation including different people can enhance the communication skills. As Wright (2012) opines, the students can work in various teams setting like labor and delivery, operating room, and running a code, that give good chances to assess and enhance students communication skills and behaviors in different situations. Nonverbal communication is of great importance that this is critically important to receivers. For instance, a simulation to take patients’ vital signs can certainly yield data about the students’ skills to get the numerical measures and use of blood pressure cuff and stethoscope. The simulation can help to recognize four factors to check the non verbal communication of the students. They are smiling when greeting the patients, offering shak e hands, keeping an eye contact while communicating and lastly speaking clearly and loudly. As Pagano and Greiner (2012) point out, the simulation help both the faculty and the students to identify the necessity of interpersonal skills of building relationships that the nurse needs to educate and console the patients along with the data. As explained above, by using the simulations, the verbal communication also can be easily assessed. Here the faculty can evaluate how students behave in different situations and their language. For example, when a nurse is asked to talk to patient about his health problems, the nurse will be assessed by her ability to choose words and phrases for her language considering the patients health literacy level. Faculty using an emotional environment of the patient can assess the nursing student’s capacity to handle such emotional contexts. And there is also a possibility that the nursing students try to be professionals, keep an appropriate nursin g language that sometimes makes them forget the changes in contexts. And sometimes they may have to take even an authoritative role according to the contexts. The important relation between context and communication also is well understood by simulations. Through simulations, the faculties can also assess the listening skills of students such as focusing on what

Profit Pathology and Disposable Planet Essay Example | Topics and Well Written Essays - 1750 words

Profit Pathology and Disposable Planet - Essay Example Both â€Å"Flow† and â€Å"Pathology† address crucial problems that endanger people’s lives. â€Å"Flow† is a documentary directed by Irene Salina in 2008 and introduces the difficulty many people around the world have in finding clean water and how chemicals have contaminated drinkable water around the world. It is common knowledge that water is indispensable for survival; however, the reality is that water is becoming scare throughout the world. As stated in â€Å"Flow†: â€Å"The world is running out of fresh water.† This dramatic observation represents a real threat to millions of people around the world compelled to drink dirty water. This scarcity of fresh water is related to the pollution caused by companies whose chemical products contaminate the water. â€Å"Flow† presents examples from Mexico, Bolivia, India and South Africa where people die after drinking contaminated water. This pollution is a point Michael Parenti denounce s in his article. He indeed presents pollution as s threat to people’s health and survival. Indicating the companies’ involvement in the pollution, he states: â€Å"This corporate system of capital accumulation treats the Earth's life-sustaining resources (arable land, groundwater, wetlands, foliage, forests, fisheries, ocean beds, bays, rivers, air quality) as disposable ingredients presumed to be of limitless supply, to be consumed or toxified at will†. ... He indeed presents pollution as s threat to people’s health and survival. Indicating the companies’ involvement in the pollution, he states: â€Å"This corporate system of capital accumulation treats the Earth's life-sustaining resources (arable land, groundwater, wetlands, foliage, forests, fisheries, ocean beds, bays, rivers, air quality) as disposable ingredients presumed to be of limitless supply, to be consumed or toxified at will† (Parenti). He clearly denounces the destruction of the world’s resources and the toxic chemicals companies discharge in them therefore threatening people’s health and lives. Similarly â€Å"Monsanto† and Parenti’s article also share the same concern about the deadly effects of chemicals and the invincibility of the multinationals that have total control over the organizations supposed to regulate the fields. This documentary directed by Marie-Monique Robin in 2008 presents Monsanto, a multinational agri cultural biotechnology corporation, involved in the production of herbicide and genetically engineered seeds. Even though Monsanto claims â€Å"to help farmers produce better crops† (Monsanto) there is a growing controversy concerning the health risks that the products constitute. In fact, some studies find that the herbicide, Round up, and other chemicals â€Å"Provoke the first stages that lead to cancer† (Monsanto). Because of these health risks, workers and researchers raise the question of safety; however, their concerns did not find easy answers since they soon found out that the company was very powerful and well-grounded. Their priority was not the safety of their workers or the environment but to make profit. One of the company’s reports indicates: â€Å"We cannot afford to lose

Personal life and sports Essay Example for Free

Personal life and sports Essay Sportsmanship is the character, practice, or skill of a person involved in sports. This includes the participant, the parents, the coaches, and all spectators. Sportsmanlike conduct includes fairness, courtesy, learning to be a good loser, being competitive without rude behavior, or experiencing any ill feelings toward the opponent. Too often in any sporting event, the purpose of the sport is forgotten. Winning has become overwhelmingly important to the adults involved. This attitude is inflicted on the youth. People of all ages should be allowed to fully embrace the challenge and fun of playing sports. Teaching, coaching, motivating, and winning are fine as long as the reason for the sport or activity is prioritized. The attitudes of athletes are instilled in them at a very young age. They reflect the motivation and goals of their parents, who sometimes push them into sports they would not normally choose for themselves. Play is essential in growth and develop- ment. Children who play sports with other children tend to socialize and adjust better as adults. Healthy competition provides a natural, emotional outlet for children, but should not be forced or overemphasized. Competition should be kept friendly with the emphasis on participation rather than the outcome of the event. Parents should not pressure the child to excel, regardless of his abilities, because this takes away the fun of the sport, adds undo pressure on the participant, and produces unsportsmanlike conduct. Sportsmanship is participating in a sport, rather than performing, and realizing how you play the game is more important than winning. Too many coaches and parents tend to forget the reason for sports for children. They get caught up in the excitement and competitiveness. Winning is the ultimate goal, at all costs. The cost is the effect this attitude has on the children. I have witnessed this behavior from coaches and parents, where they have actually embarrassed and humiliated young players in front of their peers. The negative effect this has on the athletes is obvious. They become aggressive, sometimes withdrawn and angry, rude, and inconsiderate. Sports are not just an activity. They form a stepping stone toward the future. Sportsmanship teaches children how to interact with peers, how to relate and interact with others. Sports can teach cooperation, sharing, and compassion. At a young age participation in sports introduces players to rules, and how to incorporate them into other aspects of life. A child must realize that losing has absolutely nothing to do with self-worth, that their personal value is not measured by winning or losing, but doing the best that they can in sports and life. It is important that children and adults be part of a group to feel acceptance, without the emphasis on winning. Self-confidence does not come from winning or losing, but how the outcome is handled. If you perform to your best ability, then you have won the only  important game. Sportsmanship is what the activity should be about. Coaches and parents should relax, enjoy the fact that their children are active and adjusting socially, have fun, and allow their children to have fun. They will produce healthier, happier, more secure, self-confident, and less angry, frustrated children. Sportsmanship carries into every aspect of daily life. Winning and losing is part of every day life at every age and every stage. We should learn and be taught through praise and example how to win and lose with dignity, humility, and self-respect.

Hart and Fuller Legal Arguments Analysis

Hart and Fuller Legal Arguments Analysis There has been a debate between Hart and fuller that has brought up arguments and room for discussion. This essay will show three specific arguments put forward by both Hart and Fuller; the criticisms of Harts theory and the reasoning behind the rebutting of the statement Fuller confuses the efficacy of a legal system with its morality. The starting point would be to look at the ideals and the reasoning behind the theory that was suggested by Hart. Hart can be seen as a 20th century positivist who believes that there is a separation between what the law is and what the law ought to be[1]. This means that there is a distinction between the law and morality. Hart begins with the explanation of how rules that confer rights need not be moral rules or coincide with them[2]. He also went further to say that rights exist under the rules of formalities, games and in many other spheres regulated by rules which are irrelevant to the question of justice or what the law ought to be[3]. This argument shows how Hart has made the distinction between legal rights and moral rights which goes back to the separation of law and morality. In addition to this, Hart expresses what a legal system should consist of. He believes that people in the society generally obey the rules and when that society has no court or police reinforcement it will have some sort of informal rule to organize the social life[4]. If people want a secure life they have to follow these rules[5]. These rules according to Hart are primary rules; the primary rules set out what the obligations and duties are in a society[6]. Examples of such rules would be criminal prohibition and tort rules because these rule prohibit theft and forbids certain conduct[7]. Hart explains that a legal system cannot operate with primary rules alone, there has to be another set of rules that shows and tell the people of society how those rules of conduct work. These are known as secondary rules and they contain three rules which are (1) the rule of recognition, (2) the rule of change and (3) the rule of adjudication[8]. The rule of recognition is the rule that helps identify the uncertainty of which are rules when a society has a lot of primary rules[9]. The rule of change is the rule that specifies the procedure of changing the primary rules and the rule of adjudication is the rule that establishes the process of determining the application of a primary rule in particular cases[10]. Hart believes that the rule of recognition plays a vital role in a legal system. This is because it is a matter of social practise; it does not need to be written down[11]. It is the rule that society accepts as the authoritys way to determine what the primary rules are.[12] Hart believes that an effective legal system could have wicked laws. Another argument that Hart purports is that of Judicial interpretation. Judges look at the standard meaning of the word. Hart believes that the task of interpretation is commonly that of determining the meaning of the specific words of a legal rule, like vehicle in a rule excluding vehicles from a park[13]. Particularly the task of interpretation is to determine the range of reference of such a word[14]. Communication is possible only because words have a core of meaning that remains constant whatever the context in which the word may appear[15]. Except in unusual circumstances where it would be proper to regard a word like vehicle as accepting its standard meaning. This meaning of the word will have in any legal rule, whatever its purpose is. If a judge is applying the word to its standard meaning, then there is no creative role; the judge is simply applying the law as it is[16]. In addition to this Hart also talks about the words having a penumbral meaning which varies from context to context. Following the example given in the previous paragraph when the object in question (tricycle) falls within the penumbra the judge has to assume a more creative role[17]. The judge will have to make an interpretation of the rule in the context of its purpose and aim[18] which gives room for judicial discretion. When questions of this sort are decided there is at least an intersection of is and ought[19]. The judge makes decisions on what the rule is but he does this in the light of his notion of what it ought to be to carry out its purpose[20]. Looking at the arguments and theories that Hart suggests there are some inconsistencies that gives room for criticism and questioning. In making these criticisms, Fullers theory and argument will be used. The first argument by Hart that referred to the separation of what is and ought to be can be criticised. He believes that law confers rights but these rights need not be moral. Fuller explains that certain moral standards are built in to the concept of law itself. It is agreed that the law confer rights on individuals but since there are certain moral standards embedded in the law then it would be wrong to say that these rights conferred by law are not necessarily moral rights. This shows the that law and morality are not as separate as Hart claims. In relations to Harts second argument regarding what a legal system should consist of, in contrast to this fuller gives his own theory of how a legal system should be. Fuller discusses that the function of a set of rules must play is defined in the law[21]. Law as defined by Fuller is a particular way of achieving social order by guiding human behaviour according to rules[22]. He attempts to identify what he calls the internal morality of a system of legal rules[23]. In order for rules to be effective and qualify as law in any system these eight principles of legality must be adhered to. They are (i) the rule should be general; (ii) the rule should be made public, (iii) the rule must not be retroactive (iv) the rule should be clear, (v) the rule should be non-contradictory, (vi) the rule must be possible to follow, (vii) the rule should remain constant through time and (viii) there should be congruence between official action and declared rules. In other words, running the legal syst em fairly based on the eight principle seems to be a prerequisite of running it effectively and this suggests a point where law and morality merge[24]. It is important to note that Fuller does not claim that any system that follows these procedures is perfectly moral[25]. Rather, his view is that the procedures embodied in a legal system are morally important and determine whether a set of rules really count as a legal system[26]. The purpose of this legal system is to provide people with guides of action. He goes on to explain that for a legal system to be effective there has to be a cooperation between the officials and the citizens. In relations to the third argument of Judicial interpretation. Hart believes the judiciary should interpret the law in its literal meaning when dealing with core cases but in the penumbra cases there is room for judicial discretion and this is where the judge interprets the law based on what he thinks ought to be law to carry out its purpose. This in itself shows how contradictory the principle he gives is. He clearly states that law and morals should be separate but when it comes to penumbral cases there should be a merge of law and morality to satisfy the purpose of the law. In terms of interpretation Fuller believes the law must be interpreted in light of its purpose. Fuller also explains in interpreting the law the judge should try to make it fair in order to persuade the citizens to fairness and the rational of the law. Fuller criticises the theory of the Nazi informer made by Hart in his thesis. He believes that a system such as that in Nazi Germany could violate the morality of order to such an extent that it no longer had laws[27]. Fuller agreed with the theory set out by Radbruch who explained that the doctrine of fundamental principles of humanitarian morality were part of the very concept of legality and that no positive statute however clearly expressed it was could be valid if it contravened the basic principle of morality[28]. In conclusion the theories that Fuller puts forward against separation of law and morals are much more substantial and it shows that rather than fuller confusing the efficiency of a legal system with its morality. He shows that for a legal system to be effective it has to have an underlying morality. BIBLIOGRAPHY Daniel Chong, Hart on penumbra and core meaning, file:///C:/Users/User/Downloads/HART_on_pernumbra_and_core_meaning.pdf accessed 24 November 2016 Faculty.ycp.edu, Fullers Internal Morality of Law, http://faculty.ycp.edu/~dweiss/phl347_philosophy_of_law/Fuller%20and%20the%20internal%20morality%20of%20law.pdf accessed 24 November 2016 H.L.A Hart, Positivism and Separation of Law and Morality, (1958) 71 Harvard Law Review 593 Hubpages.com, Summary of Legal Positivism Concept and Harts Separation of Law and Morality: Fairly Legal (1) (15 Septemper,2013) http://hubpages.com/education/Harts-Positivism-and-the-Separation-of-Law-and-Morality-Fairly-Legal-1 accessed 23 November 2016. Michael Green, Fuller on Hart, (carneades, 21 February, 2013) http://carneades.pomona.edu/2013-Law/0220-nts.shtml accessed 24 November 2016 [1] H.L.A Hart, Positivism and Separation of Law and Morality, (1958) 71 Harvard Law Review 593 p 549 [2] Ibid, 606 [3] Ibid, 606 [4] Hubpages.com, Summary of Legal Positivism Concept and Harts Separation of Law and Morality: Fairly Legal (1) (15 Septemper,2013) http://hubpages.com/education/Harts-Positivism-and-the-Separation-of-Law-and-Morality-Fairly-Legal-1 accessed 23 November 2016. [5] Ibid [6] Ibid [7] Ibid [8] Ibid [9] Ibid [10] Ibid [11] Ibid [12] Ibid [13] Daniel Chong, Hart on penumbra and core meaning, file:///C:/Users/User/Downloads/HART_on_pernumbra_and_core_meaning.pdf accessed 24 November 2016 [14] Ibid [15] Ibid [16] Ibid [17] Ibid [18] Ibid [19] Ibid [20] Ibid [21] Faculty.ycp.edu, Fullers Internal Morality of Law, http://faculty.ycp.edu/~dweiss/phl347_philosophy_of_law/Fuller%20and%20the%20internal%20morality%20of%20law.pdf accessed 24 November 2016 [22] Ibid [23] Ibid [24] Michael Green, Fuller on Hart, (carneades, 21 February, 2013) http://carneades.pomona.edu/2013-Law/0220-nts.shtml accessed 24 November 2016 [25] Ibid [26] Ibid [27] Michael Green, Fuller on Hart, (carneades, 21 February, 2013) http://carneades.pomona.edu/2013-Law/0220-nts.shtml accessed 24 November 2016 [28] H.L.A Hart, Positivism and Separation of Law and Morality, (1958) 71 Harvard Law Review 593 p 617

Concept Of E Commerce It Information Technology Essay

Concept Of E Commerce It Information Technology Essay You are required to choose an E-commerce website and asses it in terms of seven unique features. Which of the features does the site implement well and which feature poorly in your opinion. Provide your detailed findings and suggestion for improvement? Assume that, you had bought two products through online. Explain why you choose to buy that product through online, pros and cons of online purchase. Table of content Introduction Nowadays most of the peoples in this generation will spend most of the time sitting in front of computer and online. At this moment, most of the peoples will use e-commerce website purchase things rather than go shopping mall and purchases things. In this question , students are required to choose an E-commerce website and assess it in term of seven unique features and explain in details which are the features are implement well and which features poorly in our own opinion, not only that, there are also required to give suggestion the improvement for the poorly features. The seven features of e-commerce such as, Ubiquity, Global Reach, Universal Standards, Richness, Interactivity, Information Density, Personalization and customization. Most of the e-commerce website will include those seven unique features, just a problem between which is good and bad. In order to have a successful e-commerce website, these seven unique features are important. Main body Question 1 From the early and humble beginnings, where peoples are still using the traditional transaction and most of the companies does not have their own website, but nowadays e-commerce sees billions traded annually and not only small companies, even large companies also could not afford without a website. Indeed, for many companies, their presence on the Internet is their window to the world and they are also considering as e-commerce businesses. Actually what is e-commerce? E-commerce also called as Electronic Commerce. E-commerce is a type of industry where purchasing and selling of products or services are conducted through over the internet and other computer network. E-commerce are involves digitally enabled commercial transactions between and among organizations and individuals. There are two categories e-commerce which are classified by nature of market relationship and classified by type of technologies used. In classified by nature of market relationship are included B2C (Business -to-Consumer), B2B (Business-to-Business) and C2C (Consumer-to-Consumer). Classified by type of technologies used are included P2P (Peer-to-Peer) and M-Commerce (Mobile Commerce). Require having a successful e-commerce website, these are the seven unique features for the e-commerce website is needed. These are the seven unique features for e-commerce, Ubiquity, Global Reach, Universal Standards, Richness, Interactivity, Information Density, Personalization and customization. Ubiquity It is available everywhere such as work, home and any other places via mobile device. When anytime Marketplace is created or extended beyond traditional boundaries and removed from a geographic location. Shopping can take place anywhere. It can reduce costs and save time such as parking fees and wasting time purposely go to the shopping mall and spend time to search for the items. It can make more convenience for customer. Global reach Total numbers of consumers or users an e-commerce business can have. Technology Dimension Business Significance Technology reaches beyond national boundaries Commerce is enabled across cultural and national boundaries seamlessly and without modification. Marketplace includes potentially billions of consumers and millions of businesses worldwide. The next one is universal standard. Universal standard Universal standard is about to lowers market entry for merchants and search costs for consumers. It can reduce product search cost and by creating a single, one world market place, where price discovery becomes faster, simpler and more accurate. Easily to get the information about all the suppliers, prices, and delivery terms of a specific product anywhere in the world. Richness It can provide information richness which is more powerful selling environment for consumers. E-Commerce technologies have changed the traditional tradeoff between reach and richness with audio, video and text message. Instead of using traditional technologies like TV, radio and magazines, most of the peoples will rather use Internet and web get the marketing messages. In the internet and web are able to provide millions rich marketing messages for audiences. Interactivity Consumers or users can be interacted the content in a dialogue that dynamically adjusts the experience to the individual, and make the consumer a co- participant in the process of delivering goods to the market. It is quite similar to face-to-face experience. Comparing to the TV or radio, it is on a massive global scale. Information density Information density amount and quality of information available to all market participants, it can reduces information cost and raises quality Information processing, storage and communication costs drop dramatically while accuracy and timeliness improve greatly. Information becomes plentiful, cheap and accurate. For example, price discrimination in which a merchant can sell the same goods to different targeted market with a different price. Personalization or customization In this features are allow consumers personalized messages to be delivered to individuals as well as groups personalization of marketing messages and also allow consumers customize the products and services based on individual characteristics and consumers needed. In this question are required to choose an e-commerce website, the e-commerce website that are going to choose will be www.ebay.com.my. What is eBay? EBay was founded since 1995 which is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was started as a place to trade collectables and hard-to-find items. Today eBay is a global marketplace where businesses and individuals can buy and sell practically anything, but mostly eBay is more on a type of e-commerce which is consumer-to-consumer. Peoples can get information without register in the website, need to register only when peoples wants to buy or sell the products. Peoples can buy what they want in eBay, it is because for everyone. They can buy the things that they want with a great price. These are the example items can found in eBay, electronics, designer fashion, your favorite toy, rare antiques, new cars and furniture. When peoples are looking for those items, they will look for eBay website. eBay also is a best place for peoples to sell things, millions of peoples in this world will just sell things on eBay every day for make some extra money, clear up clutter around the house, start their own business and jump-start holiday savings. At the same time, people s are no need to worry about the products that had been sold will go wrong, eBay will have many programs in place to help you trade with peace of mind, such as feedback system, buyer protection program and dedicated security center. EBay is one of the e-commerce website including all the seven unique features of e-commerce technology and significance. But eBay are not perfectly can do well with all the seven unique features; it has great and poor too. These are the seven unique features of e-commerce will list in sequence from greatest to the poorest. Ubiquity will be the greatest for eBay; it is because eBay are available to everywhere as long as you can online then you can get the information of the products that you looking for. The second will be global reach; eBay is available for everyone in the world, so the number of the users or consumers will be a lot, it is under a global reach level, but there might be some problem that can be reconsider is the users or consumers will be too many and it is hard to be maintain the users or consumers, the marketplace is too wide. Thirdly, universal standard, peoples can get lower cost on eBay and easily to find supplier on eBay, but the price is not fixed and some more consumers have to pay more for the eBay commission. Richness will be in the middle, eBay will just provide information with text and photos, the information sometime will not be so accurate, in order to improve the richness in eBay, it should require sellers to provide a video for their products to make the products information more accurate and clear. EBay quite poor in interactivity, it is hard to have a contact with the sellers; eBay should prepare a more convenience program that allow consumers to contact sellers instead of just reach messages to the sellers. EBay very poor in personalization and customization, it is because eBay is consumer-to-consumer method, so the products sell in eBay mostly is second hand, it is very hard to customize the products for the consumers, they should prepare a form in the website for consumers to write down what they want to change for the products. Lastly, this is the poorest features for the eBay, information density, better do not expect the products will be quality, the items that sell in eBay most probably are second hand or third hand or even more, eBay should compulsory to the seller to have warranty for their products, and improve the limitation, set limited years for the products, for example, if a products that had been more than 10years, do not allow the seller to put in the eBay and sell it. In my opinion, the most important is about the information density feature for eBay, if they can give warrantee for the quality of the products, this warrantee will enroll more peoples use eBay to sell or buy things. Conclusion In conclusion, nothing is perfect in this world, so every e-commerce website will have well and bad, does not have any e-commerce website can fully do well for all the seven unique features. They can only do is keep ask for feedback and suggestion from the consumers or users and keep try to improve the weakness to be better and better, to have a better quality of the website, the more users and consumers only will be enrolled. Especially, eBay is one of the e-commerce website that for the whole world with consumer-to-consumer method to serve consumers, although it is quite convenience to get the products information for peoples needed, but peoples who going to buy products from eBay better do not give too much expectation for the products quality, must be aware of it, it is because the products might not be exactly look as better as the photo provided in the website. Introduction In this question I am required to assume myself is a consumer of online purchase. I had bought two products through the online purchasing website. Why I want to buy those products through online? Why I dont want to go to the shop and buy those products? In this generation online purchase are very common. In this question I do not only have to explain the reason why I want to buy those products from website, I also have to explain in details about the pros and cons of online purchase, which is the advantages and disadvantages of online purchases. Actually, there are not only advantages for online purchase, behind every advantage will also have disadvantage. Although nowadays online purchase are very convenience and more save cost, but there are also certain issues happens we have to be aware, maybe those issues happen will make our money lost and our privacy will be leak out. The answer will telling about we should aware and how to avoid our privacy information and how the hacker get our information and where they get from. Main body Question 2 The two products that I will choose to buy through online are desktop computer and mobile phone. Why choose online purchasing? It is quite convenience comparing to go to the shopping mall or those device shop for research, their prices and the equipment. First of all is about why I will choose to buy desktop computer through online purchasing. Buy a desktop computer with a reasonable and even cheaper price and also specialist for games is not that easy, have to do search for many information and price list. If buying through online, no need to waste my time go to the shopping mall and computer center look for the information and prices, it makes me save time so I can take more time to check for the other brands of the desktop computer price and save cost, I no need to pay the extra parking fees at the computer shops and shopping mall, can just take the money that had saved to assembly more equipment for my desktop computer in order to make it run more faster because it is buy for gaming. Through the online purchasing website can get all the information about the desktop computer including prices. For example, buying a dell desktop, I can just go to a e-commerce website which is sell dells devices and see which of the desktop computer are most suitable for gaming, I can check for the price in the website and try to customize that what I want for my desktop computer such as from 4GB RAM upgrade to 8GB RAM and 500GB hard disk space upgrade to 1TB hard disk space. Not only has that, buying mobile phoned also same, we able to check what the market price for the phone are, and the details for the phone that we looking for, see is it whether the phone really suitable for me or can get even better than that with the reasonable price, can have some packages through the online purchasing website and more convenience. This is why I will choose to buy desktop computer and mobile phone through online purchasing. There are many pros and cons for online purchasing. pros is something similar like advantages of online purchasing and cons is something similar like disadvantages of online purchasing. Pros of online purchasing First of all, it is quite easy to shop through online purchasing. Peoples just needed to have an average internet connection and also some basic knowledge about how to use internet browser to run the e-commerce website. We can just type in their web domain name to browse their website, so that we can get the information about what they are offering, read reviews, make rational buying decision and make comparison with the product from the same categories. Would it be nice to get everything delivered at your doorsteps without you even stepping outside your homes? Purchasing products through online we can get buying our grocery just sitting on our comfortable sofa and watch our favorite TV shows. We also can have some comparisons, read reviews, view user ratings and make uniform and rational buying decisions in online purchasing web. It is much more convenience for us to do quick comparisons, so that we can get a chance to search the entire positive and negatives of a certain product or service. Can we have discount through the online purchasing? Yes! Since there are many online shopping website exists, of course there will be many competition on internet between different shopping websites, but customers always the first, so many websites will offers many kind of promotions for customer such as, gift certificates, shopping points, discount and cash back benefits. Who will be the people who win those offers? We are the persons can won it. No hard cash for online purchasing, its mean buying products without paying cash. We can get the products that we wanted without paying anything in cash. Everything will be handled by our credit card or PayPal account. Especially, those electronic products like plasma television. Cons of online purchasing While shopping on the Internet can be a pleasing and rewarding experience, the negatives or disadvantages associated with Internet shopping cannot be neglected. Let us take a look at some of the disadvantages of online shopping. Firstly, online shopping actually we do not physically seen the items, which mean we can only see the items through the photo provided on e-commerce website, we could not see the items that we bought until it arrive. Normally the photo of items that we see will be much better than once we have the item in front of us. Secondly, online security is quite weak, although online payments are safe but not always, there might have some of the e-commerce websites are not secure enough or do not encrypt our personal credit card date, if hacker has break into the sites system, our credit card data and information will be leak out. Thirdly, certain peoples computer might have spyware on their computer, if we using this computer to purchasing items through online purchasing, it is a risk of our credit card information and personal data been stolen by our own computer. Fourthly, it can cause spam issues on our email, when we bought something through the website such as, a digital camera. We are happy when we receive it, but days pass we will suddenly receiving a hoard of emails offering discounts, special schemes, promotions and so on from the website. When every time they have any special promotions or disco unt, the website will keep sending messages to our email, it is because after we bought products from their website, the website may do have a clause in their privacy policy document that our email able to share with third parties to send us relevant offers, it is quite annoying. Lastly, sometime it may cause online connection issues, due to the internet connection unstable, or sometime there will be a time too many visit the website will cause internet connection problems, when we add items to our online shopping cart, after entering credit card information and submit it, at this moment the internet connection error, we may not know is it the order went through correctly or not. After refresh the screen it may cause double billing or double ordering. Conclusion In conclusion, buying desktop computer and mobile phone from website really very convenience for me, I can get more information not only for the brand that I looking for, at the same time I can also have more information about the other brand of the desktop computer and mobile phone, might be I can found there is another brands products price and features also reasonable than what I looking for. Beside this, the pros and cons given in the question I had learnt a lesson about how to safety buy products from online website. Before buying items through online, make sure our connectivity are going smooth and double check the whole computer it is any spyware in my computer, make sure the whole computer is clear and connection is smooth, only confirm the products that had picked and key in the information that are required that the website asking for. Choose the website that are most people use also very important, dont choose the website that not common without confidentially and nobodys know, or else our money also might gone without anybodys knowing. So choose the website with high confidentially and most people know.

Metaphysical Thoughts During the Enlightenment Period Essays -- Americ

Metaphysical Thoughts During the Enlightenment Period The eighteenth century was fraught with change. Dryden, Pope and Johnson were dominating the literature. Fahrenheit was building his first mercury thermometer. The Boston Tea Party and the French Revolution occurred. However, some of the most drastic changes occurred in thought. Prior to the eighteenth century, thinkers such as Locke, Spinoza, Descartes, and Hobbes dominated Western thought to the extent that they changed the way people viewed the world. Consequently, much of the eighteenth century philosophy, as well as the general thought, was a product of these precursors. Either in replying to them, or as a direct consequence of their ideas, the eighteenth century responded to these great thinkers. The first philosophical movement responding to the thinkers of the 17th century that will be discussed is the rationalist movement. It is generally known to be started by Descartes in the 17th century, while the torch was carried by Spinoza and then Leibniz up until his death in 1716. Two things distinguished the rationalists from their empiricist counterparts. The rationalists believed that foundational concepts of reality were found in reason, not experience. These foundational concepts are called innate ideas, and from these innate ideas the rationalists believed that one could deduce truth, much in the way geometrical proofs are thought out. An easy illustration of how the rationalists use causality as a tool to derive metaphysical truths is by using it as a starting point. By using the principle that every event has a cause, it appears that certain metaphysical truths may be uncovered. For example, Descartes uses causality as a proof for God's existen... ...too, do the characters in the play, believing that reality is the same as they perceive it. They also believe in Cartesian dualism, since they carry the classical theistic conception of God. If they are truly Christian in faith, they have to believe that the soul is separate from the body, or their beliefs become contradictory. Works Cited â€Å"Hume, David.† The Oxford Companion to Philosophy. 10th ed. 1995. Kant, Immanuel. Critique of Pure Reason. Trans. Werner S. Pluhar. Cambridge: Library of Congress, 1996. McGreal, Ian P. Great Thinkers of the Western World. New York, NY: Harper, 1992. Nolan, Lawrence, "Descartes' Ontological Argument", The Stanford Encyclopedia of Philosophy. 15 November 2003. (Summer 2001 Edition), Edward N. Zalta (ed.),URL=<http://plato.stanford.edu/archives/sum2001/entries /descartes-ontological/>.

Want To Be A Canadian? :: essays research papers

Want to be a Canadian? I have been in Vancouver for one and half year, so I have seen many Canadians. Since I was asked to write something based on my experience in Vancouver, I am going to tell you some tips to be a Canadian, if you'd like to. Eh: Put "eh " at the end of sentences, then you will sound like a Canadian no matter how a strong accent you have. However, do not overuse it, because it is sometimes irritating if you do so. An umbrella: Do not use an umbrella. Carrying an umbrella is not cool. Get some rain jacket, especially the one with a hood. Do not walk fast in the rain. You should put your hood or cap on and walk as if it was not raining and you did not care the rain. More importantly do not forget to use a nice smell shampoo. When your hair gets a little wet, it'll release good smell. Mountain Equipment Coop: Do you know where you should get your rain jacket? "Mountain Equipment Coop" is where you should go. Look at our all teacher's rain jackets. Do you see any Mountain Equipment Coop jackets? Yeah, everyone is wearing them. The place to go : If you are a teenager, you should go to Lonsdale Quay on Weekend nights. Many North Van teenagers get together but I don't know what they are doing at there. Americans : I guess you know how you should deal with them. Try not to like them and complain a little bit about them. University & College : Change your major at least 3 times. Hockey : watch it and be able to name at lease three Canucks players. Coffee : Have some coffee in the morning at school or at work and you know from where. Summer : If it's a sunny day, go to a beach and get some suntain. Remember do not get a good suntain. Get some pinky one. Dinner : Have dinner at 6:00. Do not be surprised even if burgers are served. Burger : Use your B.B.Q.stove outside to grill the burger, I know it'll take more time than just using stove in the kitchen. Movie : Go to watch a movie on Tuesdays and take some food with you. It's expensive in the theatres. Clothing : Wear shorts in winter. Holloween : Go out at Holloween night and threaten lilltle kids to get

Principles of Transportation Economics

All through the phase of airline regulation, the government set airline faires and regulated an air carrier's entry into and exit from particular markets. Assuming that the incumbent airlines made economic profits while they were regulated, what impact, if any, did the government's regulation of routes have upon air carrier's ability to make profits?Transportation economics is considered as the analysis of the share of carrying wherewithals so as to come across the necessities of the general public (Encyclopà ¦dia Britannica Online, 2007). In a broader sense, delivery pursuits create a segment of a state’s entire trade and industry items for consumption and take part in the responsibility of constructing or intensification of a countrywide or local economy and as a stimulus in the progress of assets.With the hauling precautions direction, there is a constraint that the travelers must hand over a boarding documentation ahead of going through zones outside safekeeping checkpoin ts. Numerous airlines recently proffer passengers the means of departing through the net and producing lodging permits or licenses prior to leaving.Due to government intervention, the imposition of government faires will consequentially affect the fees of airline carriers’ consumers. They will be compelled of taxes, charges, and additional costs on matters such as fuel, airport rents, aircraft financing, which will be reflective and increase the prices that they will be paying for (Hardisty, 2003). And therefore, will have a lower demand for the airline services.This may indeed affect the income of the incumbent airlines since their transactions are regulated. Consumers of their service will eventually hold back their use of the airline service since there are a lot of barriers to entry as stated by Palmby (1995). The former ease of access was lessened. For these reason, people will not be able to bring some things that they usually carry or transport.Additionally as discusse d by the Federal Aviation Administration (FAA) and Optimal Solutions and Technologies (OST) in 1999, on account of the government intervention, the administration of airline carriers will have fewer opportunities to improve their systems and just depend on the established government regulation of airlines. Significant losses can be incurred by the managing airlines and they tend to stay extremely susceptible to drop in airline interchange. Their pecuniary chances have gone through noteworthy stumbling blocks.However, although the government regulation of routes has a negative impact upon the air carrier’s ability to make profits, it has also a positive impact in return.Some terrorist attacks through air carriers may be prevented, hence, the management of air carriers does not have to spend money on possible damages that terrorism may have caused (Potter, 2006). Aside from that, together with the cooperation that the management of air carriers is receiving from the government, the running institution may have a directory or catalog of legal persons who may possibly avail of their services. Therefore, the management of air carriers does not have to spend their resources on tracking some unauthorized and illegal passengers. Furthermore, because of authority supervision, there will be more convenient gate assignments (and less reassignments); as a result, more people may eventually avail of the airline services despite higher costs of transport. These sets of incidences cyclically may contribute to beneficial return of earnings to the airline managements.Even though there is a prevailing acquisition and implementation of government regulation in airline carriers, with proper and appropriate administration of their managements, they will be more likely to have a good return in the running government regulation or will be able to have better accumulation of profits.References:FAA/OST Task Force Study (1999). Airport Business Practices and their Impact on Airl ineCompetition. Retrieved June 16, 2007, from http://ostpxweb.dot.gov/aviation/domav/airports.pdf.Hardisty, Kent (2003). The Viability of the Airline Industry in Canada. Retrieved June 16, 2007,from file:///C:/DOCUME~1/Owner/LOCALS~1/Temp/Capt-1.htm.Palmby, William G. (1995). Enhancement of the Civil Reserve Air Fleet: An Alternative forBridging the Airlift Gap. Retrieved June 16, 2007, from http://www.fas.org/man/eprint/palmby.htm.Potter, Jeff (2006). Frontier Airlines. Retrieved June 16, 2007, fromhttp://www.frontierairlines.com/frontier/pdf/Annual_Report_2006.pdf.transportation economics. (2007). In Encyclopà ¦dia Britannica. Retrieved June 16, 2007, fromEncyclopà ¦dia Britannica Online: http://www.britannica.com/eb/article-9110749.

Examine Two Evolutionary Explanations of Behaviour Essay

Charles Darwin’s theory of evolution puts forward a statement, ‘Survival of the fittest’. This is widely considered true, but in reality truth is a slight variation of this, more commonly known as natural selection. The survivors are the ones who adapt best to their environment and are then able to reproduce. This means that there genes carry on through the generations and we gradually see the preferred characteristics for survival become more common. Over time the human race will become more and more adapted for survival on earth and this process is called evolution. Psychologists look at the behavioural aspects of people in order to work out whether the behaviour of humans has been determined through evolution. They have done this by studying our mechanism determining levels of disgust and the way we prefer one food or type of food over another food, e.g. taste. Our way of determining what is ‘disgusting’ is really a way of stopping us from touching or coming into contact with things that would be harmful to us. This is because these things are supposed to impede our ability to survive. Therefore, humans have adapted so that we are disgusted by these objects. In 2006 Fessler conducted a study on pregnant women who were in their first trimester of their pregnancy and studied their nausea in reaction to certain samples. Fessler hypothesised that these pregnant women would have a higher level of disgust because of their pregnancy. In the first trimester of pregnancy, the immune system of the mother is suppressed so that the foreign body (the baby) growing their womb is safer. Therefore, to keep the women safer, the body develops a heightened sense of disgust to protect itself. Fessler conducted his research on 496 participants (Ps), pregnant women, who were aged 18-50, but were at different points in their pregnancies. This was in order to separate the results and compare the results of women in their first trimester to those of women in their second or third trimestres. All of these women had had normal pregnancies thus far and were considered healthy. He gave each of the women 32 scenarios and asked the women to rate the scenarios by level of disgust. Fessler found that women in their first trimester of pregnancy had a higher sense of disgust than those in their second or third trimesters. This supported Fessler’s hypothesis. Therefore, he concluded that the heightened sense of disgust was advantageous, because it allowed our ancestors to survive for much longer and also allowed their genes, which helped them to surviv, to pass to their offspring. The results also show that there was a diminishing level of disease threat when women are pregnant, because there is not as much of a chance that women will become ill from food, because they will be disgusted by these foods. Therefore, the will be more picky about food. This proves the fact that their disgust mechanism has over-compensated, because the immune system is being suppressed. This study uses a large sample of 496 women. Therefore, the study has population validity. As a result, we can apply the researcher’s findings to a large part of society. Furthermore, the study has cultural validity, because of its large sample. Therefore, it can be applied to people who are from vastly different backgrounds. Lastly, Fessler had a control group to compare results to. This was a group that contained women who were sick in their first trimester and women who were not. The fact that Fessler had a control group makes the results much more reliable. Consequently, we can say that these results are both reliable and valid. On the other hand, the research has many problems with it. One of which is that there are too many scenarios to rate for disgust. Therefore, the Ps may have become de-sensitised by the end of the scenarios or may have felt more disgusted. Furthermore, these results may not reliable. To obtain more reliable results, Fessler should have only used 15-20 scenarios, this leaves him with enough data to complete his research, but is less likely to affect the P. The second problem is that there are demand characteristics. This means that Ps might change their results to help the researchers to find what they want, or might purposefully go differently in order to screw up the results. This means that we cannot rely on the results. Lastly, we do not know the rating scale he used. A scale from 1-an odd number would not be useful because Ps are able to sit on the fence. Therefore, the best scale would be one which ranges from 1-4. In another experiment, 77000 Ps were studied by Curtis et al. (2004). They were studied to see whether there were patterns in people’s disgust responses. These Ps were from 165 different countries. Curtis made all of the participants take a 20 scenario survey like Fessler’s survey. There were seven pairs of photos that looked like its paired photo, but one was shown as an infectious substance. Curtis et al found that the subtstances which would harm humans the most were the substances that were rated as the most disgusting by the Ps. The researchers also found that levels of disgust decreased with age and that women generally had much higher levels of disgust than men. This supports the concept that Fessler supported. That disgust is a way of protecting the unborn child when the immune system is being suppressed. This study has population validity, because it has an extremely large sample (77000 Ps). Therefore, we can apply this to most sectors of society. It also has cultural vailidty, because the Ps are from 165 different countries. This means that we can apply the findings to people from all over the world. Lastly, the test is not too long for it is only 20 scenarios long. This means that the P is unlikely to become de-sensitised or become too disgusted. As a result the research is much more reliable. However, this study doesn’t have ecological validity, because the Ps are looking at pictures on a screen instead of the actual object. This means that disgust may be influenced by other senses like smell and hearing. An improvement because of this may be to actually show the Ps the samples as an object in front of them. Psychologists have also looked to explain other behaviours like what foods we like. For example, as humans, most of us like to eat sweeter foods like fruit. Â  In 1928 Davis investigated the eating behaviour of infants and young children in a paediatric unit. They did thi9s by monitoring the foods that the children chose.Davis found that have ‘an innate regulatory mechanism and are able to select a healthy diet. Furthermore, they tended to choose sweet or salty food while avoiding foods that are bitter. Davis concluded that the preference for sweet food could be because our ancestors needed to eat sweeter, high fructose and glucose foods like fruit, which contain the calories need for energy. Also the preference for salty foods may have been our ancestors preference for meat in their diet. This was for a good source of protein, for growth. The natural avoidance of bitter foods would have helped ancestors protect themselves from eating poisonous foods. Nowadays our preference for sweet foods is satisfied by high-calorie products such as sweets and fizzy-drinks. This research has ecological validity, because the choices of the children were only monitored by the researchers and weren’t forced. This means that the results are valid for the children in this environment. However, this experiment has many problems. One of which is that it doesn’t have population validity. This means that the results cannot be generalised to most of the population. The research only includes one paediatric unit. This means that the study doesn’t have cultural validity. As a result, we cannot generalise the findings of the study to lots of countries or areas of society. To achieve cultural validity, they should’ve used various paediatric units across the world. Another study looking into the food preferences of children was Desor’s study in 1973. Desor studied the facial expressions and sucking behaviour of new born babies. Desor ended up studying 83 different children from the ages of 4-7 (42 girls and 41 boys). The study was similar to Davis’ study, but the children were studied in a classified room after the children had acclimatised to their surroundings. They found that that the children preferred sweet-tasting substances which challenges what Davis’s study had stated (children has an innate regulatory mechanism making them choose a healthy diet). This study doesn’t have population validity, because the sample is not big enough to generalise the findings of the research to the general population. They should have advertised across the country, resulting in much more data. It also doesn’t have cultural validity, because they only got Ps from the local area. This is known because they advertised for Ps in local newspapers. Therefore, the findings cannot be applied to people from other cultures. In conclusion, there is a way to explain food preferences as described in studies. For example, humans prefer sweet foods because of ancestors need for food with high levels of fructose or glucose like fruit (according to David 1928).

Indian Business Environment Essay

Abstract One of the major objectives of Indian banking sector reforms was to encourage operational self-sufficiency, flexibility and competition in the system and to increase the banking standards in India to the international best practices. The second phase of reforms began in 1997 with aim to reorganization measures, human capital development, technological up-gradation, structural development which helped them for achieving universal benchmarks in terms of prudential norms and pre-eminent practices. This paper seeks to determine the impact of various market and regulatory initiatives on efficiency improvements of Indian banks. Efficiency of firm is measured in terms of its relative performance that is, efficiency of a firm relative to the efficiencies of firms in a sample. Data Envelopment Analysis (DEA) has used to identify banks that are on the output frontier given the various inputs at their disposal. The present study is confined only to the Constant-Return-to-Scale (CRS) assumption of decision making units (DMUs). Variable returns to scale (VRS) assumption for estimating the efficiency was not attempted. It was found from the results that national banks, new private banks and foreign banks have showed high efficiency over a period time than remaining banks. II. Reforms and Banking system In the post liberalization-era, Reserve Bank of India (RBI) has initiated quite a few measures to ensure safety and consistency of the banking system in the country and at the same point in time to support banks to play an effective role in accelerating the economic growth process. One of the major objectives of Indian banking sector reforms was to encourage operational self-sufficiency, flexibility and competition in the system and to increase the banking standards in India to the international best practices 4. Although the Indian banks have contributed much in the Indian economy, certain weaknesses, i.e. turn down in efficiency and erosion in profitability had developed in the system, observance in view these conditions, the Committee on Financial System(CFS) was lay down. Reserve Bank of India has implemented banking sector reforms in two phases. The first reform focused on introduction of several prudential norms, major changes in the policy framework, and formation of competiti ve atmosphere. The second phase of reforms began in 1997 with aim to reorganization measures, human capital development, technological up-gradation, structural development which helped them for achieving universal benchmarks in terms of prudential norms and pre-eminent practices. The Financial sector reforms were undertaken in 1992 based on the recommendations of the CFS. Later, The Narsimham Committee has provided the proposal for reforming the financial sector. The committee also argued that ‘economic reforms in the real sector of economy will, however, fail to realize their full potential without a parallel reform of the financial sector. It focused on several issues like, releasing of more funds to banks, deregulation in interest rates, capital adequacy, income recognition, disclosures and transparency norms etc. However, financial sector reforms focused on improving the competitive efficiency of the banking system. The financial reform process has commenced since 1991 which was made the banking sector healthy, sound, well- capitalized and become competitive. The competitive pressures to improve efficiency in the banking sector has resulted in a switch from traditional paper based banking to electronic banking, use information technology and shift of emphasis from brick and mortar banking to use of ATMs. INDIAN BUSINESS ENVIRONMENT IN BANKING INDUSTRY Indian banking industry, the backbone of the country’s economy, has always played a key role in prevention the economic catastrophe from reaching terrible volume in the country. It has achieved enormous appreciation for its strength, particularly in the wake of the worldwide economic disasters, which pressed its worldwide counterparts to the edge of fall down. If we compare the business of top three banks in total assets and in terms of return on assets, the Indian banking system is among the healthier performers in the world. This sector is tremendously competitive and recorded as growing in the right trend (Ram Mohan, 2008). Indian banking industry has increased its total assets more than five times between March 2000 aThe overall development has been lucrative with enhancement in banking industry efficiency and productivity. It should be underlined here is financial turmoil which hit the western economies in 2008 and the distress effect widened to the majority of the other countries but Indian banking system survived with the distress and showed the stable performance. Indian banks have remained flexible even throughout the height of the sub-prime catastrophe and the subsequent financial turmoil. The Indian banking industry is measured as a flourishing and the secure in the banking world. The country’s economy growth rate by over 9 percent since last several years and that has made it regarded as the next economic power in the worldnd March 2010, The Indian banking industry is measured as a flourishing and the secure in the banking world. The country’s economy growth rate by over 9 percent since last several years and that has made it regarded as the next economic power in the world. Our banking industry is a mixture of public, private and foreign ownerships. The major dominance of commercial banks can be easily found in Indian banking, although the co-operative and regional rural banks have little business segmentIn the post liberalization-era, Reserve Bank of India (RBI) has initiated quite a few measures to ensure safety and consis tency of the banking system in the country and at the same point in time to support banks to play an effective role in accelerating the economic growth process. One of the major objectives of Indian banking sector reforms was to encourage operational self-sufficiency, flexibility and competition in the system and to increase the banking standards in India to the international best practices. Although the Indian banks have contributed much in the Indian economy, certain weaknesses, i.e. turn down in efficiency and erosion in profitability had developed in the system, observance in view these conditions, the Committee on Financial System. Reserve Bank of India has implemented banking sector reforms in two phases. The first reform focused on introduction of several prudential norms, major changes in the policy framework, and formation of competitive atmosphere. The second phase of reforms began in 1997 with aim to reorganization measures, human capital development, technological up-gradation, structural development which helped them for achieving universal benchmarks in terms of prudential norms and pre-eminent practices. The Financial sector reforms were undertaken in 1992 based on the recommendations of the CFS. Later, The Narsimham Committee has provided the proposal for reforming the financial sector. The committee also argued that ‘economic reforms in the real sector of economy will, however, fail to realize their full potential without a parallel reform of the financial sector. It focused on several issues like, releasing of more funds to banks, deregulation in interest rates, capital adequacy, income recognition, disclosures and transparency norms etc. However, financial sector reforms focused on improving the competitive efficiency of the banking system. The financial reform process has commenced since 1991 which was made the banking sector healthy, sound, well- capitalized and become competitive. (CFS) was lay down. Liberalisation of India’s banking sector †¢ Liberalisation of India’s banking sector begun since 1992, following the Narasimhan Committee’s Report (December 1991) †¢ Important recommendations of the Committee were – [i] reduction of statutory pre-emptions (SLR and CRR) [ii] deregulation of the interest rates [iii] opening up the sector to foreign and domestic private banks [iv] adoption of prudential regulations relating to capital adequacy, asset classiï ¬ cation and provisioning standards Service firms such as ITC Hotels and ANZ Grindlays Bank found direct marketing very effective in retailing customers and weathering competition. †¢ The Indian banking system is growing in a robust manner. †¢ The Indian banking system complies with international standards of prudential regulation. †¢ The Indian banking system is opening up for entry of foreign banks. †¢ Despite the growth, Indian banking system is not entirely inclusive. †¢ There is good opportunities for the banking industry – domestic and foreign – for expansion to ï ¬ ll the gap. A decade after the Narasimham report was published and in the light of new challenges from the norms laid down by the WTO and Basel II, it is imperative to have a close look at the performance of banks in the last decade or so to assess the success of the reform process. INDIA inherited a very weak banking system following Independence. However, the nationalisation programme (1969) helped this sector achieve remarkable success in many respects. The stability among depositors, penetration into rural India and the consequent reduction in poverty and diversification out of agriculture were some of its laudable achievements. Given the predominantly bank based nature of financial system, the banking industry gained the reputation of one of the most protected in the country. However, in the 1990s a chain of events such as introduction of modern technologies, competition from new players in the liberalised market place, and enhanced emphasis on governance to protect shareholder interest changed the way banks conducted business. The Indian banking sector with its diversity of ownerships — State Bank of India and its associates, nationalised banks, private domestic banks and foreign banks also faced a similar set of challenges. Although the public sector banks acquired a dominant presence thanks to the regulatory environment, several of them performed poorly in the late 1980s. To preserve the soundness of the financial system, especially the banking segment, the Government set up the Narasimham Committee. The Committee (in 1991) made far-reaching recommendations that formed the basis of banking reforms. Some of the comprehensive reform measures suggested included: Stricter income recognition and asset classification, higher capital adequacy ratio, phased deregulation of interest rate, lowering statutory liquidity ratio (SLR) and cash reserve ratio (CRR), entry deregulation, and branch-de-licensing. These measures mainly aim to improve the efficiency/profitability of banking industry. A decade and half after the Narasimham report was published and in the light of the World Trade Organisation and Basel II norms, it is imperative to have a close look at the performance of banks in the last decade or so to assess the success of the reform process. Performance indicators Commonly-used measures to assess the performance of the banking industry are: Return on Asset (ROA), Operating Profit Ratio (OPR), Net Interest Margin (NIM), Operating Cost Ratio (OCR) and Staff Expenditure Ratio (SER). The first two are generally considered profitability measures, while the others, the efficiency indices. These five measures have been considered in this analysis for two sub-periods: Pre-liberalisation (1992-1995) and post-liberalisation (2000-2003). The total number of banks considered for two sub-periods were 64 (eight State Banks, 19 nationalised banks, 19 private banks and 18 foreign banks) and 87 (8, 19, 28 and 32 respectively). Overall performance improvement A comparison of performance indices during the study period reveals that the reform measures helped to improve the overall performance of industry. This is reflected in the improvement of all performance indicators barring the net interest margin (see Table). Interestingly, the ROA, treated as a proxy for risk-adjusted return, increased from (-) 0.28 per cent in the pre-liberalisation period to 0.79 per cent (against more than 1 per cent in other merging markets such as Singapore, Malaysia and Korea) post-liberalisation, indicating a significant rise in the ability of banks to convert their assets into net earnings. Another interesting aspect is that despite a marginal fall in the net interest margin from 2.84 to 2.73 (which might be due to policy change), the banking industry has managed to improve its OPR by increasing its non-interest fee-based income and reducing its operating costs/staff expenses. The evidence indicates that after the reform initiation period, the banks have increasingly been providing off balance sheet items such as derivatives, which generate major part of non-interest income. The proportion of operating costs/staff expenses has declined mainly due to computerisation and the voluntary retirement scheme. The property rights theorists believe that the private banks are more efficient than their counterparts in the public sector. This view is corroborated by the public choice theorists who argue that the specific X inefficiency factors are more prevalent in the public sector, irrespective of market conditions. Further, many cross-country findings report an increased government ownership as a deterrent to the development of the banking system. The Indian banking scenario seems to be consistent with the above, as the privately owned (foreign as well as domestic) banks seem to be superior to their public counter parts with respect to all performance indicators except the NIM. Despite a fall in their OPR and NIM between 1992-95 and 2000-03, the private banks successfully managed to reduce their operating expenditures, particularly the staff expenditures, thereby successfully maintaining their status. Among private banks, the foreign banks seem to be superior in terms of three out of five the criteria used. Within the public domain, the State Banks tend to be superior with respect to ROA, OCR and SER, while the nationalised banks seem to show better performance in terms of OPR and NIM. Thus, although there is a significant improvement in the overall performance of banks as one moves from the post-reform period to the late-reform period, one finds certain anomalies such as a fall in the NIM (except in the case of the nationalised banks), a fall in the ROA of private domestic banks, a reduction in the OPR of private domestic and foreign banks and a rise in the OCR/SER of foreign banks. Convergence or divergence Apart from the overall improvement across the board, another important criterion to evaluate the success story is to check whether the competitive force has led to any convergence in the performance of different ownership groups in the post-liberalisation period. Exposure to the competitive forces is often argued as a panacea to shake poorly performing banks out of their slumber. Although the public banks compared poorly with private banks during the initial period, they made a significant improvement in the later period by responding well to the new challenges of competition and consolidation, mostly following a gradual and cautious approach. The pay off is well reflected in the increase in their ROA, OPR and NIM. Some possible reasons for the better performance of public banks could be they still undertake most of the government borrowing programmes, thereby generating significant fee based income; the market discipline imposed by the listing of most public sector banks has also probably contributed to this improved performance; and ï‚ · the reform measures have changed their business strategies particularly greater diversification of non-fund based business and emergence of treasury and foreign exchange business. The study reveals that the OPR across four ownership groups tend to converge. The NIM tend to converge across private and public sectors while the OCR continues to remain significantly different across ownership groups. The above analyses indicate that the banking sector performs reasonably well with respect to the goals set by the Narasimham Committee, particularly in the context of the poorly performing banks and showing some encouraging signs to meet the Basel II norms by 2006. However, one should not go over board in reading these numbers to evaluate the success of the Indian banking sector, particularly from the perspective of a developing economy such as ours. Policy-makers should be extra cautious in giving free a reign to the banking sector in pursuing â€Å"profit and risk† based strategies. Recent trends in non-synergy based consolidation, growing disinclination to lend money towards productive purposes and to the unprofitable sectors such as agriculture, self-help groups, infrastructure and to small and medium sized enterprises, its growing engagement in non-productive treasury operations and conspicuous consumer lending will seriously impair the role of banks as public instruments of development. Therefore, maintaining a balance between these two objectives will remain a challenge to the banking sector for some time to come. Bibliography- * www.thehindubusinessline.com * iimahd.ernet.in/assets/snippets/ *