The Importance of Diversity in the University Research Paper

The Importance of Diversity in the University - Research Paper Example While institutional diversity is highly regarded as a positive thing by many, others argue that it can lead to institutional drift and mission overload if parity of esteem does not prevail between institutional types. Despite the many benefits associated with institutional diversity, many institutions of learning in the current day education system are highly characterized with student bodies which are highly deficient of the desired diversity (Vught, 2009). Many factors have been put forth to explain this severe lack of diversity in the institutions of higher learning among them being lack of proper selection mechanisms into the institutions of higher learning and discrimination during the selection process (Devins, 2003). Emergence of many private institutions offering higher education is another major causative agent for higher deficiencies of diversity in higher institutions of learning. Such institutions are merely profit driven and at times tend to compromise the educational va lues associated with diversity. They often concentrate on the breed of students who are capable of raising the huge amounts of tuition fees they charge with less regard to diversity balance (Warner and Palfreyman 2001). In attempts to enhance diversity in institutions of higher learning, states and governments have well defined legal provisions focusing on matters related to students’ diversity (Mellor, 2008). The numerous benefits associated with a diverse student body are universally acknowledged and practices such as provision of racial bonus points are constitutional in some nations. This offers the minority foreign applicants a higher probability of securing places in institutions of higher learning outside their own countries. In other provisions, race is an important factor during admissions for undergraduate programs (Vught, 2009). This helps to achieve a balanced ethnic diversity hence attaining the so much desired diversity in the student body. Notable also is the i ncorporation of affirmative action policies in many public education systems, a strategic move usually geared towards elimination of discrimination and also aimed at coming up with a student body which is ethically balanced in order to a achieve a diverse student body. In most states, measures to mitigate discrimination based on gender, colour, race, religion, which are deeply embedded in their constitutions (Bankston, 2006). Everyone has equal rights to access education and this further enhances diversity since selection process is free and fair and not in favor of any particular group of people. To further uphold diversity in higher institutions of learning, special consideration is usually given to special groups of people in the society (Pollak and Louis, 2005). Women and the disabled for instance are at times given special consideration during the selection process to ensure their numbers in the institutions of higher learning match that of their male counterparts. An important legal provision also aimed at upholding diversity in the institutions of higher learning is the great emphasis given to respect of basic human rights. For purposes of peaceful co-existence of the diverse student community, basic human rights such religious and cultural rights are highly upheld. This allows easy integration of people of different cultural and religious background in a

How can Starbucks react to the threat of McDonalds selling low cost Essay

How can Starbucks react to the threat of McDonalds selling low cost coffee - Essay Example I would be failing in my duty if I don’t thank all those employees of Starbucks and McDonalds who responded to the phone calls and e-mails sent to these organizations. Last but not the least, I would like to thank all my friends who have been supporting and helping me with this assignment. Table of Contents Contents Pages Executive Summary 4-5 Introduction 5 McDonald’s Vs Starbucks 5-6 Problem for Starbucks 6 Sources of Information 6-7 SWOT Analysis 7-8 Financial Analysis 8-9 Findings 10 Recommendations 10-11 Appendices 12-25 Works Cited 26 How Can Starbucks React to the Threat of McDonalds Selling Low Cost Coffee? Executive Summary Starbucks and McDonald's are big multinational companies that have made their presence felt in the businesses they operate in. Seattle based Starbucks was founded with the objective of providing Italian espresso bar experience in the United States. As a business strategy Starbucks operates by forming a personal relationship with its consumer s. On the other hand McDonalds is a family restaurant and attracts people from all age groups. Strictly speaking, both these behemoths have distinct target markets. Starbucks attracts the affluent while customers who are price sensitive are McDonald’s target market. McDonald’s has rolled out its low-priced coffee brand and in the process has started eating into the share of Starbucks. McDonald's appears well placed to become Starbucks’ biggest competitor in the specialty coffee segment in the coming years. Starbucks now has to devise strategies to counter McDonald’s move and not let its market share dip. The present paper is a commentary on ‘How can Starbucks react to the threat of McDonalds selling low cost coffee? To answer this question relevant information on both these companies has been collected from various primary and secondary sources. A comparison has been made on the business operations of both Starbucks and McDonald’s, SWOT analy sis has been carried out and finally a financial comparison has been made. Some alternatives that can be adopted by Starbucks to react to McDonald’s move have been suggested based on aforesaid analysis. I personally feel that Starbucks should not respond to McDonald’s move with a price cut, rather it should elevate the quality perception in the minds of the customer and build a set of loyal customers who are willing to pay a premium price in exchange of getting the ‘coffee experience’ that Starbucks has to offer. Introduction I have decided to write a commentary on ‘How can Starbucks react to the threat of McDonalds selling low cost coffee? I have chosen this topic since it involves two big U.S. based companies who have worldwide operations, have a huge set of loyal customer base and are well known for their quality products. Starbucks Vs McDonald’s Starbucks is Italian-style coffeehouse chain based in Seattle, Washington. The company was foun ded in 1971 and has more than 17, 000 retail stores in 60 countries. Since inception Starbucks has believed in serving the best coffee to its customers. In fact, the company delivers much more than a simple cup of high quality coffee; it ensures a wonderful experience for the customer. A look at the product portfolio of Starbucks clearly indicates that the company has a huge variety of coffee

The Environmental Effect of the Meat Industry

The Environmental Effect of the Meat Industry One of the fastest growing industries in the world today is the meat/livestock industry. Meat is considered a normal good, which means that demand for meat increases as consumer income increases. Traditionally, meat has been regarded as an expensive food item in Western countries. As world population is increasing and as economies of the developing countries are getting stronger, demand for meat is also growing (Vinnari, 2008). Meat industry is one of those sectors that are one of the biggest contributors of global gas emissions and have big environmental and social impacts. The use of land, energy, water, and various emissions and wastes are all widely recognized by people and governments (Vinnari, 2008). According to a report by the United Nations Food and Agricultural Organization, also known as the FAO, meat production is accountable for about a fifth of all greenhouse gas emissions. It is widely accepted in the scientific world that greenhouse gases like carbon and methane are c ausing rapid global climate change, environmental degradation and biodiversity loss. Yet, the meat industry business seems to be unperturbed by the state of the environment, inhumane treatment of animals, or the unhygienic conditions in which they are kept which leads to spread of diseases like bird flu in humans. Over the years, meat industry has adopted practices that are unethical. For example in many countries, primarily in the United States, most of the cattle are grain fed as opposed to grass fed. This is so that the cattle can grow bigger and fatter, faster. While it may very well be profitable for the industry, it is unethical in the sense that it is inhumane. There are also social implications as a large amount of grain is fed to the cattle when there are people dying from hunger all over the world. Unhygienic conditions of the feedlots question business practices of the industry. As a food industry, it owes a duty of care to its customers and has a responsibility of provid ing quality food that is free of bacteria or virus which can be very harmful to the human health. According to the FAO report, meat consumption is estimated to more than double by the year 2050 (McMichael, Powles Uauy, 2007). With depleting natural resources, such as water and land cover, it will become harder to meet the demands of the growing human population. In such a scenario, the industry will most likely adopt practices that are even more unethical than the existing ones. It is therefore, not only important for businesses to take on sustainable meat production practices but also imperative for us, the consumer, to study our meat consumption habits and make certain changes in our lifestyle. Since we utilize resources from this planet, our natural environment is our responsibility. Educating ourselves and changing our meat consumption patterns will definitely slow down and to some extent get rid of the problem that the meat industry has and is creating. In this assignment, I w ill be discussing the environmental and social implications of the meat industry and then analyze from the perspective of various ethical theories. Environmental Impact Analysis: As mentioned above in the introduction, meat production and consumption has many environmental and social implications. It is imperative for businesses and consumers to recognize the problem and work towards mitigating the impacts. For the purpose of this assessment, I will be considering the environmental impacts i.e. resource usage/depletion and global warming as well as the social impacts i.e. unequal distribution of food, inhumane treatment of animals and analyzing them using different ethical theories. I will also be providing recommendations to curtail the growing impact of the industry. Resource Depletion: Our natural environment provides important ecosystem services like food, recreational opportunities, disease regulation that human life ultimately depends upon. Overtime, humans have changed and altered the ecosystem by depleting it in order to meet the growing human demands of freshwater, timber and food. As human population is increasing, per capita demand for ecosystem services is also growing at a fast pace and how these demands are met will determine the future of ecology and economy of our planet. Meat industry poses a major threat to the ecosystem as human activities continue to clear forests in order to grow crops that will be fed to cattle and use water to rear cattle. It is estimated that food production will need to double by the year 2030 to feed the projected global human population of around 9 billion people. Water scarcity is already a problem in many countries as around two billion people suffer from the lack of it and it is estimated that the number of people facing water scarcity will double by the year 2030 (Bennet Balvanera, 2007). Livestock uses about a third of the worlds entire land surface which includes pastures and arable land that provides livestock feed. As Chinese, European and US farmers are running out of land to rear animals for meat and crop production, demand for meat is forcing intensive agriculture into tropical rainforests of developing countries like Brazil, Bolivia, and Paraguay (McMichael, Powles Uauy, 2007). Global Warming: Global warming is a widely accepted phenomenon and most of the impacts of global warming can already be seen across the world. Retreating glaciers, rising sea levels, thawing tundra, hurricanes and extreme weather conditions are increasing both in frequency and intensity and animals such as penguins, polar bears are struggling to survive. Many species are finding it hard to adapt to changing weather because it is becoming very unpredictable (Koneswaran Nierenberg, 2008 ). Most of greenhouse gas emissions worldwide (around 35 percent) are due to agriculture practices, primarily animal husbandry and land changes associated with the process of rearing animals for meat. Emissions from this sector are higher than the transport sector or the power generation sector. Two powerful greenhouse gases, methane and nitrous oxide associated with livestock production, contribute more to global warming than carbon dioxide (McMichael, Powles Uauy, 2007). An FAO report on the current and future effe cts of livestock production on the worlds environment and climate states that the livestock sector is growing faster than any other sector and most of this growth is going to happen in developing countries, i.e. in countries with low to middle incomes (McMichael, Powles Uauy, 2007). Livestock production which includes deforestation for grazing land and producing soy feed for animals, carbon lost from soil that is grazed, energy used for growing feed crops, for processing and transporting grains and meat, nitrous oxide released from the use of nitrogenous fertilizers, and gases like methane from animal manure and enteric fermentation all contribute to greenhouse gas emissions. Nine percent of global carbon dioxide emissions, 30-40 percent of methane emissions and 65 percent of all nitrous oxide emissions come from this sector. Methane and nitrous oxide are known to have a greater warming potential than does carbon dioxide (McMichael, Powles Uauy, 2007). Production of fertilizers fo r feed crops requires burning of fossil fuels which releases about 41 million metric tons of carbon dioxide per year. These fertilizers are produced in factories that depend on fossil fuel energy. Animal populations in large and confined factory like settings have significantly increased and along with it has increased methane emissions from both the animals and their manure. These factory like landless facilities produce more manure than can be used as fertilizer on cropland. This manure is distributed to a landmass which usually results in soil accumulation and runoff of pollutants like phosphorous and nitrogen. Half of the energy produced from fossil fuel goes into heating, cooling and ventilation of these facilities and the other half goes into producing seeds, herbicides, pesticides and in the operation of farm machinery (Koneswaran Nierenberg, 2008). Majority of the countries in Africa and Asia currently use pasture based methods to raise animals. However this trend is likely to change as countries in Latin America and some countries in Asia are starting to favor intensive farming methods like the one seen in developed counties like the United States (Koneswaran Nierenberg, 2008). Forests and soils act as carbon sinks as they hold much of the carbon dioxide. Deforestation and degradation of land release much of this stored carbon gas back into the atmosphere thus increasing level of the gas in the atmosphere. Animal agriculture is a major reason for conversion of wooded land into cropland for feed production or grazing land, and deforestation emits 2.4 billion metric tons of carbon dioxide annually. A big negative impact of the meat industry can be seen in Latin America which has seen the largest net loss of forests and greatest emission of stored carbon dioxide into the atmosphere (Koneswaran Nierenberg, 2008). Theory Application: Knowing the impacts of meat production on the environment, various theories can be applied in favor of changing our production and consumption patterns. Utilitarianism, a consequentialist theory, states that an action is morally right if it results in maximum benefit for all parties involved. Utilitarianism evaluates right and wrong action by considering costs and harms and weighing them against benefits (Kunkel, 1996). Since this theory advocates maximizing pleasure and minimizing pain, it would support changing meat consumption patterns to curtail growing ill effects of meat production on the environment. If we compare the costs of meat production to the benefits, we will realize that the cost and harm is much greater than the limited benefits that are achieved. Limited benefits being employment, pleasures of taste, profits for industry, and harm being damage done to the environment. Intrinsic value of nature holds higher worth than all the benefits of the meat industry combined an d it deserves to be protected. Our natural environment provides many important ecosystem services that cannot be replaced if our environment is destroyed or our ecosystems are altered. Everyone on this planet depends on these ecosystem services and any irreversible damage will affect each and every one of us. Ethics of duty states that in order to be moral every person should have a realization of a sense of duty (Baron, 1985). I believe that since we use services provided by the environment and since the ecosystem services are so crucial to our existence and survival, we have a duty towards the natural world and we should preserve it to ensure live continues to flourish. However, the meat industry operates contrary to this belief. It degrades our natural environment by deforestation, water consumption, fossil fuel use, and adding to global warming through greenhouse gas emissions. If we consider the Islamic environmental ethics, it also states that humans owe a duty to the natural world. Islamic law (Shariah) states that conservation of the environment is based on the principle that the environment and everything it consists of is created by God and everything has a function in the natural environment. Just because humans make use of various environmental services, it does not mean that human use is the only reason for their creation. It thus states that all humans have a duty to preserve and protect it (Deen, 1990). Social Impact Analysis: Every business has its share of environmental and social impacts, and meat industry has some obvious impacts on the environment and the society within which it operates. As with the environment, meat industry also has numerous social impacts that are growing with time. Social impacts include humans as well as animals and contemporary methods of meat production tend to overlook these impact. Developing or poor countries are and will bear the brunt of consequences being brought about by climate change. Environmental degradation is a medium for current conflicts and instability in many areas of Sudan. With rising temperatures, and depleting water resources, farmers and herders are fighting with each other to gain access and control of these natural commodities. The United Nations Environment Programme (UNEP) said that that two of the major problems in Sudan- land degradation and desertification are caused by an explosive growth in livestock numbers( Koneswaran Nierenberg, 2008). United Nations Secretary, General Ban Ki-moon also said that natural disasters caused by climate change will trigger war and conflicts around the world. As global temperatures change, infectious diseases spread more quickly and affect more people (Koneswaran Nierenberg, 2008). Equitable distribution of food is also a major concern since half the worlds poverty stricken population goes to bed hungry every night. Excessive meat production consumes most of the crop production that could have fed millions of people around the world. It takes twenty pounds of grain to feed a cow which is to be slaughtered to produce one pound of beef protein. It only seems like a waste when those twenty pounds of grain that were fed to the cow could have been used to feed many people in that country (Shaw Newholm, 2002). It is usually the poor countries that suffer from climactic changes. Majority of human induced global warming is caused by operations of industrialized nations, and it is the poorer nations that suffer from such operations. Global warming most affects areas that are hot and dry. These are also the regions where infectious diseases spread rapidly. When a natural disaster strikes, people in these poor nations suffer the most because they have more difficulty in moving away from changes in climate and they also experience difficulties in buying food incase crop is destroyed or its productivity is affected (Mendelsohn, Dinar Williams, 2006). According to FAOSTAT, around 56 billion animals are reared and slaughtered for human consumption every year and this number is only going to increase over time, primarily in the developing world (Koneswaran Nierenberg, 2008). Inhumane treatment of animals is also a harsh reality of the meat industry. Thousands of animals are locked up in cramped, confined spaces and kept on high doses of vitamins and antibiotics to reduce the risk of diseases. In countries like the US, cattle are grain fed as so it can grow bigger faster. These unnatural conditions not only increase stress for the animal but also leads to higher occurrence of density-promoted diseases. Studies have found that crowding often includes cannibalistic attacks among poultry and pigs. Other practices that question meat industry practices include inflicting pain by castration, branding, dehorning, beak trimming, and inadequate stunning before slaughter. Deep muscle myopathy, fluid accumulation and skeletal disorders associa ted with accelerated muscle growth and restricted movement can be seen quite commonly in facilities where animals are mass produced for meat (Smil, 2002). Not only is the treatment of animals inhumane in most of these facilities, but also these facilities are not exactly hygienic and do not ensure that the meat produced is fit for human consumption. Waste water loaded with nitrate and animal excrement often seeps into groundwater. Mad cow disease was caused by feeding ground sheep brains to cows and unfortunately it is still widely used practice in animal husbandry. Between the years 1980-1996 over 750,000 head of cattle infected with this disease were slaughtered for human consumption in Britain. Other such cases include H5N1 avian influenza (bird flu) that spread from chicken and killed many people in Hong Kong (Smil, 2002). Meat packing is United States one of most dangerous occupations. In 2002, about 25 percent of employees in meat packing factories experienced nonfatal occupational injury or illness whereas serious/fatal injuries and illness were five times the national average, and frequency of repeated physical traumas such as back problems and tendinitis is 30 times higher than the private industry mean (Smil, 2002). Theory Application: Utilitarianism also justifies changing meat consumption patterns when taking into consideration the social impacts of the industry. Whether it is the inhumane treatment of animals, exploitation of natural resources which often leads to social unrest in poor countries, impact of human induced global climate change, meat industry both directly and indirectly creates and facilitates a number of problems in the society. . Utilitarianism focuses on creating maximum benefit for maximum number of people. It therefore supports reducing meat consumption as not only does production of meat require more land, water and energy usage than production of crops, it leads to inequitable distribution of food around the world. Utilitarianism can be argued on the grounds of animal welfare because we dont have a need for animal products and we can survive without. Our penchant for meat is only a matter of taste. Our interests in animals and animal products hold lesser value and cannot be more important t han animals interest in life and freedom from suffering (George, 1994). When we compare the benefits of the industry to the amount of harm or pain it brings to the society, the harm/loss clearly outweighs the benefits/pleasure supporting the premise of this paper that meat industry has very unethical and unsustainable practices and that we as consumers should rethink our consumption patterns and the industry should also change to reduce its enormous negative impact on the environment and the society. Ethics of rights states that every living creature is entitled to certain basic rights such as the right to life, security and freedom from harm. Just because cognitive abilities of animals are not as developed as those of humans, it does not suggest that they are incapable of feeling pleasure or pain and it doesnt give humans any reason to inflict pain upon them. In fact, having higher cognitive ability puts greater responsibility on humans to respect other creatures because we have a sense of morality and the ability to reason. Animals also are entitled to have certain natural rights, such as the right to life (Regan, 1980). Animals are part of the moral community and failure to acknowledge that is called speciesism. Speciesism is wrong and unethical in the same way that racism and sexism is wrong (George, 1994). Humans and animals are similar in that they both have similar interests in not being harmed or killed, and because we share that relationship, we should show more sensitiv ity towards other living things. Humans and non humans are subject-of-a-life and experience pain, suffering, and various emotions. Inherent value is contrasted with instrumental value that tools and other objects have. Just like humans, animals too are subjects-f-a-life and have an intrinsic value. Therefore, they should not be regarded as means to the end of others. They should not be treated as tools but should be respected for what they are. Because animals have rights, it is unethical to exploit them and kill them for our own pleasure or economic benefit (George, 1994). Animal welfare can also be justified on the grounds of ethics of care which states that a moral person is one who cares for others and is considerate of the other persons needs (Li, 1994). It puts an emphasis on values such as caring and advocates maintaining relationships with peace and harmony. If we consider religious ethics then Hinduism advocates practicing Ahimsa or non- violence with fellow creatures as it stresses acting with care. Ahimsa is quite similar to the western philosophy of ethics of care (feminist ethics) in that it also emphasizes having non-harmful intent in all actions and absence of enmity toward other people and animals. Ahimsa teaches acting with care towards others and being thoughtful of how your actions can affect those around you. It promotes love and non-hostility towards all beings and its goal is to eliminate violence from our nature (Corner, 2009). The meat industry works in contradiction to the concept of ahimsa and ethics of care. It doesnt have any regard for the environment, nor does it show empathy for animals that are slaughtered. The concept of ahimsa and ethics of care is the antithesis of the meat industry. Meat industry doesnt do anything to build a harmonious relationship with the environment or with the animals. We also see lack of care and concern for people who are affected by industrial practices. Most affected by the industry are poor people in developing countries who depend on resources being exploited by the meat industrys unsustainable practices. As meat industries are buying land in the developing world to grow feed crop, local indigenous people are losing the land that they depend upon for survival (Repetto Holmes, 1983). This again underscores the fact that practices of meat industry do not fit in with ethics of care or ahimsa. Conclusion and Recommendation: Meat industry has an egoistic approach in that it focuses on meeting short term interests of economic prosperity while ignoring the long term negative impact on the environment. The analysis above makes it quite clear that meat industry has severe long term environmental and social implications and that its unsustainable and callous practices are beyond the pale. Its not possible to shut down the meat industry completely as long as there are consumers. However, the best we can do as responsible and rational beings is to educate ourselves on the impacts, make lifestyle changes and rethink our meat consumption habits to mitigate the impact of the meat industry. It is equally important for the industry to take on sustainable meat production practices. As consumers we can make certain lifestyle changes such as switching to meat analogues or mock meat, and reducing our real meat consumption. Governments can play their part by transferring agricultural production away from meat production in countries where meat production is the highest (Vinnari, 2008). Governments should also remove subsidies and place higher taxes on meat products. By doing so, consumers will have to pay more for meat which will likely decrease meat consumption (Shaw Newholm, 2002). Technological advancements of product Ad campaigns can make a big difference by increasing consumer knowledge about animal rights, meat production, and its negative social as well as environmental impacts (Vinnari, 2008).

From Moniza Alvis poetry, how do we learn about the challenges of Essa

From Moniza Alvi's poetry, how do we learn about the challenges of living between two cultures? Moniza Alvi writes many poems based on the difficulties she faces whilst living between two cultures and I am going to explore these difficulties through the following poems: - "The Sari", "Throwing out my Fathers Dictionary", "an Unknown Girl" and "Presents from my Aunts in Pakistan." Firstly, I am going to discuss her poem "The Sari" which is a metaphorical poem telling us what happened to her in early life. The poem begins, "Inside my mother I peered through a glass porthole", which creates an image of a baby in the womb. It then continues to say, "the world beyond was hot and brown", which suggests that she was born in Pakistan. The second stanza represents her Pakistani life consisting of a father, servants and animals; "They were all looking in on me - Father, Grandmother, the cook's boy, the sweeper-girl, the bullock." This shows us the differences between the Pakistani and English culture and also what her life would have been like if she had stayed in Pakistan. The phrase "the bullock with the sharp shoulderblades" uses a repetition of soft consonants suggests a feeling of calmness at being somewhere she knows she belongs. The third stanza links her Pakistani and English roots, "My English grandmother took a telescope and gazed across continents", giving the notion that her Grandmother wishes for he upbringing to be in England. The use of the word "gazed" in particular gives an impression of great eagerness. The third stanza begins with her journey from Pakistan to England; "All the people unravelled a sari. It stretched from Lahore to Hyderabad." This suggests that the unravelling sari is showin... ...ttempts to recreate herself in their culture. As you can see, Pakistani beliefs are very different to those held by the English. Moniza Alvi's poetry is deeply influenced by her cultural influences. This is obvious because the majority of her poetry is based on the difficulties of living between two cultures. Her poetry is also influenced by fashions in writing. Her style is very modern and contrasting to pre-20th century poets, and this enhances younger reader's appreciation of the text. In conclusion, Moniza Alvi was privileged to have lived between two cultures because it meant that she was welcomed into two communities and had the opportunity to experience different ways of life. However, all good things come at a price and for this she suffered the issues of not knowing where she fit in, which values she held and having high family expectations.

Comparative Study of Personal Financial Planning Essay

It is generally seen that people have a misconception that financial planning is about saving more and spending less but that is not the case, it is more about saving the right amount so that future goals can be met. The objective of financial planning is * To ensure that the right amount of money is available in right hands at right point of time in the future to achieve the desired goals and objectives. It * Provides direction and meaning to your financial decisions. * It allows you to understand how each financial decision you make affects other areas of your finances. Financial planning and investments can be undertaken by anyone with a clear assessment of one’s inflow of funds and the goals that need to be achieved from time to time. Keywords: Financial planning, wealth management, investment instruments, real estate Introduction Financial planning is achieving your financial goals in the most efficient manner. The broad areas of financial planning include Investment plan ning  -Your wealth will only grow over time if you have invested it in assets. Investment planning  deals with the kind of investments an individual should invest in to get the best out of his wealth. In this the risk and return profiling of an individual is done based on his life stage, spending requirements with respect to his income and wealth, time horizon and liquidity requirements and various individual specific constraints. Investment Planning is important because it helps you to derive the maximum benefit from your investments. | Cash flow planning  Ã¢â‚¬â€œ In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses. Though this sounds simple, very few people actually take time out to find out what comes in and what goes out of their hands each month. Cash flow planning refers to the process of identifying the major expenditures in future (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame. Cash flow planning is the first thing that should be done prior to starting an investment exercise, because only then will you be in a position to know how your finances look like, and what is it that you can invest without causing a strain on yourself. It will also enable you to understand if a particular investment matches with your flow requirement| | | 3. Retirement planning  Ã¢â‚¬â€œ Retirement planning means making sure you will have enough money to live on after retiring from work. Retirement should be the best period of your life, when you can literally sit back and relax or enjoy your life by reaping benefits of what you earn in so many years of hard work. But it is easier said than done. To achieve a hassle-free retired life, you need to make pruden t investment decisions during your working life, thus putting your hard-earned money to work for you in future. Planning for retirement is as important as planning your career and marriage. Life takes its own course and from the poorest to the wealthiest, no one gets spared. We get older every day, without realizing. However, we assume that old age is never going to touch us. The future depends to a great extent on the choices you make today. Right decisions with the help of proper financial planning, taken at the right time will assure smile and success at the time of retirement. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years haven’t.Tax planning  Ã¢â‚¬â€œ Tax evasion is illegal but tax minimization is legal. Thus you can reduce your tax liability by planning effectively. With proper tax planning you can increase your after tax income. |   | 5. | Children future planning- It is essential to plan for the future of your children. The purpose of Children’s Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding and to provide for an adequate security cover during their growing years. Savings alone is no longer enough.

Joules law Essay

Variables and constants   The one variable in this experiment will be the load placed upon the wire, this is the obvious variable because as seen in the formula. By rearranging the formula to; e = F L A E We can see that there are 3 main factors which will effect the outcome of the experiment. The E symbolizes Young’s modulus, which will be effected by changes but is not itself a single factor as it is a measurement of the factors. In order for the experiment to be a success, it has to be a fair test. Thus of course meaning that factors that need to be kept constant must be identified and kept that way. In this scenario I will be isolating Force as my variable. Force is directly related to the load on the wire; only multiplied by the gravitational pull (approx. 9. 81) as the load is measured in Kg as it is a mass. From the equation we can see that a change in Force will indeed affect the extension of the wire, at this stage it is apparent to say that; Theoretically the larger the force the greater the extension according to the equation above, as it is the value that is being divided. Following this it is also imperative that both the Cross sectional area of the wire is indeed accurately measured, as well as remaining constant through out the experiment, as a change in this value would indeed effect the value for Tensile stress, and in turn the extension. The length of the wire must also remain consistent through out the experiment. This is because each unit of wire will stretch or elongate by a proportional amount to the load being applied to it. Thus changing the length of will increase or decrease the amount of units of wire that can be stretched, causing different readings to be measured. The wire will indeed elongate and extend no matter what the length, but for these experimental purposes it is best to be long as explained above to stand a greater chance of measuring it properly. The important thing is to set the length of wire you wish to work with and do not change it. B) Implementing Results, observations and description. Cross sectional diameter of wire Measurement number and degrees of rotation 1/mm 2/mm 3/mm Average 0 Calculation of Average wire diameter= (0. 195 + 0. 185 + 0. 1925) / 3 = 0. 1908mm Thus the average cross sectional area of the wire is Force = mass   9. 81 ms. Table of readings Final length, attempt; Mass/g Mass/Kg Force/N Orig. L/M 1/M 2/M 3/M Mean Extension/ Unfortunately errors can easily occur in this experiment, the first way of minimizing the percentage error in the experiment is to identify the sources that could cause such a problem; these being. When measuring the extension there are 3 main sources of uncertainty. Meter rul Parallax error   Zero error I plan to minimize these by* Careful choice of meter rule, as man are bent and warped   Fixing a head and eye position against something so that the parallax error is minimized as I will be looking at the ruler from exactly the same angle.   Record results from 0. 0 M If there is a zero error, take it away from the results. When measuring the weight of the mass the following sources could effect the results; Zero error on the scales   Not allowing for the weight of the cradle Simply using the weight that is imprinted on the mass instead of weighting it. I will minimize these sources by selecting my masses carefully and weighing each one separately to find its exact weight, as well as double checking a pair of scales against each other by putting the same weight on both scales to see if there is a zero error. The final measurement source of error is the measurement of the diameter of the wire. This is typically a source of inaccuracy because the wire does vary in cross sectional area, because of the way it was made. This can be accommodated for by measuring the wire extremely accurately with the micrometer, and measuring the wire in three different areas of the length and taking two readings at each of the three points along the wire, twisting it 90 degrees at each point to allow for ovals etc. The average can then be taken and used in the calculations to give a better representation of the wire being used Diagram of ideal and misshapen wire. Observations for experiment conducted on the 14th of December 2002   At approximately 0930 the equipment was set up and the working area was in suitable condition to go ahead with the experiment as planned. I had two main concerns whilst conducting the experiments, these were of measuring natures, the first of these being that, when measuring the wire with the micrometer it proved initially extremely hard to turn the wire 90 degrees, I quickly remedied this by sticking a label on the wire so that it was clear what angle the wire had to be turned.   The second was that of concerning minimization of the parallax error, this proved to be quite challenging, so we decided to look at the ruler twice each a couple of seconds apart and in what i8 thought was the same position to see if it was a fair test. This way through up different results so we deemed it necessary to have someone stand over the wire and not move until the experiment was finished to minimize this risk.   Another observation I made was that I didn’t think we were measuring the extension accurately enough I felt that measuring it to 1mm was far to inaccurate as the extension as will be seen by the graphs was minimal, I will mention this point heavily in the Evaluating.   The equipment was packed away and the experiment was completed within the hour.   I observed a changing in mass or load on the wire and no change in any of the identified variables. C Analyzing Evidence and Drawing Conclusions. Force/N Area/M Sress/Nm (Pa) Length/M Extension/M Strain Youngs modulus 1 The stress was simple to calculate as it simply meant dividing the force by the area, as so; The strain is a simple ratio it involves dividing theextension by the length; Thus the young’s modulus can be found for every plotted point separately on the graph; this is done by dividing the stress by the strain. As I predicted earlier the material obeys hookes law and froms a straight line through the origin until the elastic limit is reached. As well as we can calculate the extension from the gradient of the graph because its equal to L / EA. When a material obeys Hooke’s law, then its force, extension graph is a straight line through the origin (see graph). This is only the case up to the proportional limit. The graph being a graph of force against extension, the area is the energy stored in the wire. As the equation of the graph is F=kx, the equation of the area is . From the graph we can say that as the load increases on the wire the extension also increases proportionally, up to a certain point known as the elastic limit, this is because it is obeying kooks law as described above, and for this material whilst under low load the strain is proportional to the stress.. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Electricity and Magnetism section.

How to Dress Professionally When Its Blazing Hot Out

How to Dress Professionally When Its Blazing Hot Out It’s summer! It took a while for those of us in colder climates to get to this point, but it’s finally  time to store the sweaters and place your cute warm weather gear at the front of your closet. So it’s 90 degrees out and you need to figure out a way to stay cool, look cute, and somehow also dress professionally- not the easiest combo to master. It is important to keep in mind that, even in this day of casual work cultures, there are still rules and norms that govern what we should and should not wear to the office. And to make matters even more confusing, on top of that, there is always a unique, often unspoken, code in every workplace. Try to figure out what yours is, but also follow these fairly safe rules of thumb to make sure your summer wardrobe doesn’t keep you from fall employment or the respect you deserve.1. Check the rule book, if there is one.Some companies actually have a rule book or employee manual- if you weren’t given one when you started, HR can give you a copy. Check this first to see whether there are any dress policies or bits of intel you can pick up about your summer outfit planning. Err on the side of caution when it comes to baring flesh.2. Follow the grandma rule.When in doubt, look at your outfit. If you would be embarrassed wearing it to meet your grandmother for lunch, then it’s probably not right for the office. This is particularly true for women, who will be judged more often when they bare any skin at all. Dress for your own version of success, not others, but do keep in mind the double standards and injustices of perception out there and make sure to keep yourself†¦ covered, metaphorically speaking (and sometimes actually).3. Err on the side of â€Å"not short.†If there’s a question in your mind as to whether shorts (or short skirts) are appropriate for your workplace, that probably means you haven’t seen anyone in such attire at the office. Take that as a sign and leave your barest-leg ensembles for the weekends. Instead, to stay cool, aim for a skirt that at least hits the knee: summery and smart! (The same rules apply to crop tops: save them for the weekend.)4. Keep the shoes classy.No, you can’t wear flip flops to the office. Yes, you can wear sandals, just try to minimize the amount of bare foot you show on any given day. It’s probably best to avoid shoes with open backs, though if you must, choose slides instead of flops.5. Summer denim is probably too casual.Jeans are one thing, especially if your office tends casual. Times have changed, and a nice dark jean is usually fine. But summer denim is another story: if you give way to the jean section of your closet, you’ll be tempted to wear jorts and jumpers and shorts. Don’t. You can probably get away with a denim shift dress, but any other short denim should stay at home.If you overheat, try lots of lighter fabrics and brighter, breezier colors. If you then get too cold because of overzealous air conditioning, make sure to bring a light sweater to keep yourself warm. And the upside of not baring too much skin, particularly on your legs, is that you won’t need to worry about working through the inevitable goosebumps.Dress smart, and have a great working summer!