The Renminbi Challenge And The World Economy Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2091 Downloads: 2 Date added: 2017/06/26 Category Economics Essay Type Research paper Did you like this example? There has been much talk of the Internationalisation of the RMB and the recent currency war between the US and China with the US exerting pressure on China to appreciate its currency. Whilst the Chinese leaders are unlikely to yield to US pressure, they recognise that there is a need to gradually appreciate the currency to counter the risk of inflation and adjusting the Balance of Payments without damaging and destabilising Chinas export industries. China has come a long way in the last 3 decades and has become a key player on the international stage. Don’t waste time! Our writers will create an original "The Renminbi Challenge And The World Economy Finance Essay" essay for you Create order China is the second largest recipient of foreign direct investment (FDI), with inflows of $95 billion in 2009. It has overtaken Japan in the second quarter of 2010 as the worlds second largest economy and overtaken Germany as the worlds largest exporter. It holds the largest share of foreign exchange reserves (just under $2.5 trillion). However, it does not have a currency that reflects its prominent role and therefore recognises the need to move to a more flexible exchange rate regime and a fully convertible RMB. RMB is not fully convertible and is not a unit of account for exchange means in international transactions Despite its prominent role in the world economy, the RMB is not fully convertible, creating a mismatch on its international balance sheet between liabilities that are typically denominated in RMB. Chinas over-reliance on the Dollar can be associated with the risk of excessive exposure to liquidity shortage within the world economy and the consequent reduction of trade finance as experienced by the lesson learnt from 2007-2008 financial crisis. To use the RMB as a future means of payment in international trade transactions would reduce the impact of international financial market volatility on its economy. The Central Government will also face less pressure in the managing of its huge foreign exchange reserves. China has no past experience nor road map to pave a way to develop RMB as an international currency so its challenge is immense. China does not have a reserve currency with intrinsic value linking and convertibility to gold. The RMB can only be compared to the Dollar itsel f. China also faces another challenge if its currency is channelled into the hands of foreign holders. With its huge current account surplus, this is not going to be easy without further expanding the Dollar element on the asset side of the Central Banks balance sheet. Planning Currency Moves and paving the way to Internationalise the RMB RMB revalued its decade 8.28 exchange rate peg to USD on 21 July 2005 to 8.11 to reform the exchange rate regime to meet the needs of China and world financial markets and moved to a managed float. In July 2008, RMB was re-pegged to USD to help exporters cope with sliding demand triggered when the global financial crisis intensified. Striving to increase RMB flexibility, it abandoned the 23-month re-pegging to USD. The RMB has gradually appreciated to help curb inflation and assuage the demand of its trading partners. As consumer prices rose 4.4% MoM in Oct 2010, PBOC raised RMB rate 0.31% to 6.6242 on 11 Nov2010, the strongest increment since the peg was scrapped in July 2005. Beijing is relying on its market power to encourage foreign businesses, especially from its regional neighbouring countries, to use the RMB to settle its transactions with Chinese firms whilst building a RMB denominated asset offshore market in Hong Kong without prematurely opening the capital account and increasing the imbalance in its international balance sheet. Success will depend on a combination of well-designed, controlled policies and market forces with an objective for Shanghai to be developed as an international financial centre by 2020. Formation of the offshore RMB market Hong Kong is Chinas RMB offshore centre under the One Country, Two Systems which is needed to maintain the status quo on the capital account and to ensure that any possible negative impact of the experiment can be successfully walled off from the domestic market . Since 2004, daily permitted conversion of RMB 20,000 by HK residents has accumulated to approx RMB 80bn by the middle of this year, mainly made up of low yield deposits, remittances, exchange and credit card services driven largely by anticipated RMB appreciation. In May 2009, Chinas State Council granted approval to 2 foreign financial institutions registered in HK, namely HSBC and the Bank of East Asia, to issue RMB denominated bonds. In July 2010, offshore RMB market gained pace with the signing of the Supplementary Memorandum of Cooperation on the Expansion of the RMB Trade Settlement Scheme which enabled free circulation of the RMB outside the Mainland. In August 2010, China eased restrictions on foreign offshore Banks access to the interbank bond market to offer products with more favourable terms which attract even greater demand for the RMB offshore. Is the internationalization of the RMB feasible and realistic in the current environment? According to the HKEx Chief Executive Charles Li , the RMB is likely to evolve in 3 stages, namely gaining international acceptance in becoming a currency of trade (5-10 years), a currency of investment (10+ years) and ultimately a reserve currency (20+ years). Today, trade settlement in RMB has amounted to RMB 91.6 bn and is still growing rapidly despite current capital account and convertibility constraints. The issue is not whether the RMB will become an international trade currency but as to how fast this can be achieved with market consensus being that full convertibility of the RMB is just a matter of time and revaluation will be forthcoming in the interim. To become a reserve currency, the capital account also needs to be convertible. Further investment options need to be available for Investors to hedge their risk. Strategy of structural reforms and domestic consumption It is expected income distribution, healthcare, provision for public housing, other social services will be the main theme of Chinas 12th Five Year Plan. Following the last financial crisis, China is shifting from an export and fixed investment-led economy into consumption-oriented economy to remove the heavy reliance on export growth. Addressing huge income gap between wealthy urbanites and the poor farming communities is also on its agenda. Spending on Health Care will likely increase 7 fold between 2008-2018 with the constructing of 2,000 new county hospitals and other rural clinics. Other reforms will include building roads, new energy, equities and fixed assets. Central Government has promised to cut carbon dioxide emission per unit of GDP in 2020 by 40 to 45% from the 2005 levels. 80% of external funding for the Chinese economy comes from bank loans, it raises the need for funding source diversification through the Capital Market in Corporate loans and equities. Mainland insu rance and securities companies could be the biggest beneficiaries of these reforms. China will seek to maintain stability on macro, fiscal policy and monetary policy. RMB exchange rate should also maintain relative stability so that domestic manufacturers and exporters can better predict and adjust to the market. Any significant move on the RMB could see foreign money pouring into the country which will cause inflation. If revaluation is large, domestic companies face a risk of being priced out of the market and impact export growth leading to higher unemployment and social unrest. Chinese leaders appear to have concluded that RMB revaluation is a contingency. Given that a more flexible currency mechanism is forthcoming, Beijing needs to prepare its countrys financial system for possible shock effects from exchange reform and make effective the State enterprise. Business Opportunities for Financial Institutions like Credit Suisse The earliest beneficiaries of the RMBs Internationalization will be the Banks, Insurers and Asset Managers with their products offerings. Credit Suisse has strong Investment Banking, Asset Management and Private Banking capabilities and has positioned itself in recent years to take advantage of the reforms and huge growth in China. There will be a growing market in the acquisitions by Chinese state-owned enterprises in the coming years. Chinese Corporate, financial institutions and Government alike will require significant capital in the next 5 to 10 years and the sectors most likely to be in need of financing are financial services, infrastructure and natural resources. The last five years have seen spectacular IPOs in the Chinese market and this trend is likely to continue as long as the Chinese economic growth is maintained. Credit Suisse positions itself in China Credit Suisse is a market-leader in Investment Banking (including Corporate Banking), Asset Management and Private Banking and offers multi product suites, first class execution and distributions, trade settlements and capital market advisory services to our global clients. CS is increasing its business presence in China and has made numerous strategic market professional hires whilst additionally undertaking strategic joint ventures. Credit Suisse has entered into a joint venture in Aug 2010 with ICBC to form ICBC Credit Suisse Asset Management Co. It raised more than RMB 14 bn ($ 2.1 bn) in Chinas biggest bond fund ever called The ICBC Credit Suisse Double Profit Bond Fund. The fund invests in domestic Government debt, Corporate bonds, short term bills and RMB denominated Convertible Notes and is popular with investors sidestepping a weak stock market. Credit Suisse has also entered into a joint venture with Founder Securities Ltd, the first securities JV approved by the Ch inese regulators since new guidelines were put in place in December 2007. The JV was launched with less than 50 staff but has doubled its head count in less than one year with further plans for expansion, betting on a healthy pipeline to underwrite debt and equities offerings, IPOs and MAs in Chinas domestic market. For the nine months ending 30/9/10 Credit Suisse has been involved in 11 MAA deals with a total volume of US$10.443bn, a market share of 8.8% and an overall financial institutions ranking of 4th (Bloomberg). Credit Suisse Private Banking has increased its headcount hire of high calibre Private Bankers to take advantage of the rapidly rising number of affluent households. It is estimated that nearly 1 million Chinese households have financial assets exceeding US 1m. Chinas savings rate of appx 55% of GDP lacks competitive and efficient financial services for investments growth. China is the third-largest wealth generator in the world, with USD 16.5 trillion in total ho usehold wealth and is behind USs 54.6 trillion and Japans 21.0 trillion but could rise 111% to USD 35 trillion by 2015 overtaking Japan to become the second highest in the world if growth continues. Credit Suisse is looking to open new offices in China and will leverage further its dominance with good infrastructure and foundation to build up the Private Banking business, noting at the same time the challenges that come with it in terms of OECD tax treaty, cross-border restrictions and the hiring of experienced talent. As CEO, as much as there is huge growth opportunities for the Banks to increase our global presence in China to achieve bigger revenues for our shareholders, we must ensure that optimal service levels to our clients needs are maintained and to have a rigorous infrastructural, operational, capable resources and a strong regulatory frame-work to adapt to the cultural differences, regulatory policy changes in China and market forces. There is a need prepare ourselv es on some of the risk and challenges if the RMB revalues and the eventual Internationalisation of a fully convertible currency. Risks and Challenges should the RMB revalue or appreciate Foreign exchange risk management and mitigation will be key. A platform to better match payables and receivables minimizing FX risks and costs associated with potential currency mismatches and on Corporate Earnings from US to CHF should RMB devalues Ensuring first class regulatory risk management systems and highly qualified staff Agility in responding to local regulatory changes and market forces due to large revaluation impacting domestic companies and sectors that Credit Suisse has exposure to. Meet the regulatory minimum Capital adequacy and comply to new Basel III standards Significant revaluation impacting Chinas export growth resulting in high unemployment and social unrest. Competition for Foreign Banks particularly if they are constrained in their loan growth or find it difficult to obtain approval to open new branches. Cultural barriers and the challenges of attracting, training and retaining good calibre individuals given the increased competition for e xperienced professionals and the possibility that a number of local market professionals will inevitably be lured back to the Domestic Banks as local financial institutions become more competitive in terms of capabilities, career prospects and remuneration The Chinese market for Private Banking is still immature and strictly regulated. It will take much time and effort to educate various parties including clients. Associated costs involved in increasing the presence in China such as office accommodation, personnel, infrastructure etc and the uncertainty as to how soon such an operation will become profitable against a backdrop of fierce competition.

Epic of Gilgamesh Essay - 915 Words

The Epic of Gilgamesh is one of earliest known pieces of literature. Through years of storytelling and translation, The Epic of Gilgamesh became a timeless classic. This story is believed to have originated from Sumerian poems and legends about the king of Uruk, Gilgamesh. Throughout the epic, many themes arose about women, love, and journeys and the one I would like to discuss is the theme of death. Also, I will discuss if Gilgamesh accepts morality at the end of the story and the development of Gilgamesh’s character throughout the story. The story mainly focuses on the character Gilgamesh and this wild man created by the gods, Enkidu in which Gilgamesh and Enkidu later become good friends. Together they go upon quests to defeat†¦show more content†¦But when Enkidu dies while fighting Humbaba, one can tell a change in Gilgamesh’s character. Since Enkidu was his close and only friend, it makes it more visible that everyone is mortal. One may say that, by going into the forest and facing Humbaba, Gilgamesh makes a name for himself and changes the views of the people in his city. The great accomplishment of killing Humbaba makes him a better person because he protects his city and for his love of Enkidu and his people. This is a considerable amount of change from the beginning of the story. There are no major changes in the character of Gilgamesh until Enkidu enters the picture. Enkidu is the primary reason for the ultimate changes in the personality and maturity of Gilgamesh. The main factor contributin g to the changes in Gilgamesh the love that develops with Enkidu. Enkidu is made to make Gilgamesh more human. In the first paragraph of the book the gods are angry with Gilgamesh and send down an equal of himself, they send down Enkidu. After becoming friends, Gilgamesh changes because he has an equal to be with. From Cedar Forest, Gilgamesh is met by Shamash, the Sun God, who tells him, You will never find the life for which you are searching. This upsets Gilgamesh because he has traveled so far for someone to tell him he cannot have what he wants and is looking for. For there, Gilgamesh travels to see Siduri by the sea. Siduri will not let Gilgamesh pass to through to see Utnapishtim, the only man with eternalShow MoreRelatedThe Epic Of Gilgamesh Essay1721 Words   |  7 PagesMany texts, both ancient and modern, explore the possibilities of living forever. The Epic of Gilgamesh is just one of the stories examining this theory. The Gilgamesh tablets discuss many such issues pertinent to much of today’s population: what is the meaning of life? How will I be remembered? This age old topic is explored through many popular mediums today such as graphic novels and in the film industry. Additionally the immortal question is further studied in some scientific industries, toRead MoreEpic of Gilgamesh Essay1021 Words   |  5 PagesEpic of Gilgamesh . Mesopotamia, current day Iraq, derived its name from words meaning, the land between the rivers, which refers to the Tigris and Euphrates. This land was inhabited during the fourth millennium B.C.E. and throughout time transcended into political and military organizations. The significance of these cultures revolved around important warrior figures and their impact on society. The most important figure that will be discussed is the protagonist from The Epic of GilgameshRead MoreThe Epic Of Gilgamesh Essay998 Words   |  4 PagesThe Epic of Gilgamesh has many important female characters, and from them we can learn how females were viewed in ancient Sumerian society. The women are not typecast with simply one personality and role but instead are shown with many facets. In the Epic of Gilgamesh, women are shown as essential beings who can be either loving and nurturing or incredibly powerful and scary. Ways to combat mortality is a main motive for Gilgamesh and he could do it simply through his children as most men do withRead MoreEssay on Epic of Gilgamesh971 Words   |  4 PagesTitle: Gilgamesh Type: Epic Author: Anonymous Theme: The central idea of Gilgamesh was the greed that he had to receive eternal life. Gilgamesh was a selfish person who was half god and half man and wanted to keep his youth after seeing Enkidu die. Gilgamesh knew his destiny was not to receive eternal life because he was half man. He decided to go against the odds to fight against not having eternal life searching for the secret despite what the Gods told him. Exposition: The storyRead MoreEssay The Epic of Gilgamesh905 Words   |  4 PagesEgypt and Gilgamesh, king of Uruk, were such rulers. They were powerful and cunning individuals, yet they let their own selfish nature ruin the ability to be a great leader. Gilgamesh was said to be the spawn of a god and a human woman. His handsome features, great strength, and cunning intelligence were supposedly the best in the land. Yet, he did not rule his kingdom with justice. He often took advantage of his citizens for his own personal pleasures. The following quote, â€Å"For Gilgamesh, the KingRead MoreThe Epic of Gilgamesh Essay1245 Words   |  5 Pagesfantastical places, lies the narrative of a profound friendship between two men. In The Epic of Gilgamesh, an ancient Mesopotamian literary masterpiece, all of its events are centered around the development of the friendship between Gilgamesh, the tyrannical and stubborn king of Uruk, and the man created by the Gods to both complement and challenge his nature: Enkidu. Each of the three dream sequences in the epic represent different stages of Enkidu’s life – one portends his birth, another foretellsRead MoreThe Epic Of Gilgamesh Essay Essay982 Words   |  4 PagesThe Epic of G ilgamesh is an epic poem from four thousand years ago, from ancient Mesopotamia. It was written on clay tablets, and even if some part of sentences were not able to be recovered, the tale is understable. It is the oldest Epic found, and still one of the most famous too. While the stories are made of different Gods, cows talking, King with perfect strength, giant monsters, it seems hard to find similarities between the Epic and the 21st century. Yet by reading closely the passage fromRead MoreThe Epic of Gilgamesh Essay1139 Words   |  5 Pages nbsp;nbsp;nbsp;nbsp;nbsp;In the epic of Gilgamesh, Gilgamesh embarks upon a quest seeking immortality as a means to peace, meaning, and joy in life. He tries to reach it in many different ways, each as unsuccessful as its predecessor. The two main types of immortality are physical and through the actions or achievements of ones life. Gilgamesh tries first through his actions, but then undergoes a transformation which leads him to next attemp t physical immortality. He eventually comes back toRead MoreThe Epic of Gilgamesh Essay1522 Words   |  7 PagesThere are many vices and virtues displayed in the Epic of Gilgamesh. The Epic of Gilgamesh is a tale from ancient Babylon. Its hero, Gilgamesh the king of Uruk, is two-thirds god and one-third man. Throughout the epic, which consists of three stories, the character of Gilgamesh is developed. This is accomplished by changing the vices he possesses at the start of the epic, and replacing them with virtues he receives by its completion. â€Å"A virtue is a quality of righteousness, goodness, or moralRead MoreThe Epic Of Gilgamesh Essay991 Words   |  4 Pages The epic of Gilgamesh is a tale that displays multiple didactic messages throughout the course of the story. These morally oriented instructions that shape the epic’s characters are very much applicable to our current lives. Messages like: the importance of perseverance, that drive that pushes you to excel, the down side of sexual passion when not tempered, and how we need to keep our pride under control, not letting it cloud our judgement. These principled themes, among others, are clearl y visible

Internal Factors Influencing Consumer Decision-Making process The ase Literature review

Essays on Internal Factors Influencing Consumer Decision-Making process: The ase of Coke Consumers Literature review The paper "Internal Factors Influencing Consumer Decision-Making process: The Ð ¡ase of Coke Consumers" is a good example of a literature review on marketing. The consumer  decision-making process is a road map that represents thoughts, evaluations, and actions that lead an individual to accept or reject particular products. Precisely, it refers to the behaviors portrayed by a consumer in the processes of a search for, evaluation, selection, purchasing, use and disposal of products and services (Blythe, 2008). According to Lamb et, al (2011), the consumer decision-making model involves â€Å"need recognition, a search of information, evaluation of the available alternatives, purchase decision and post-purchase decision†. Understanding of the consumers’ decision-making processes helps in formulating effective marketing strategies and plans. Coca-Cola Company is the largest manufacturer of non-alcoholic beverages in the world. Some of the successful global brands of th e Coca-Cola Company include Die Coke, Sprite, Fanta, Glaceau vitamin water, Oasis, Oasis extra light and Relentless, Sprite Zero, Schweppes zero, 5 Alive, Kia ora, Kia ora zero and Powerade Powerade zero. The Coke brand is present in more than two hundred countries across the globe. According to Lantos (2010), the successful performance of coke in the highly competitive soft drinks market can be attributed to the Coca-Cola’s strategies to understand consumers’ needs and behaviors and its effective customer management and response strategies. Lantos (2010) explains that the innovation of these products was influenced by purchasing behaviors of different consumer segments.Internal Factors influencing decision makingConsumers of soft drinks such as coke can be described as problem solvers whose purchase decisions are influenced by their perceptions, individual personalities, and attitudes towards this product (Lee Johnson, 2012). According to lee Johnson (2012), coke co nsumers also focus on consequences when making their purchasing decisions. These behaviors are best described in Maslow’s hierarchy of needs, attitude-towards-object, Freudian, consumer perceptual process and classical conditioning learning models. Therefore, the main factors influencing decision-making processes for coke consumers include motivation, perception, personality and self-concept, attitude and learningConsumer motivationMotivation refers to an innate force that drives an individual to make a decision or engage in a behavior. It develops from an inner tension caused by unsatisfied desire (Bose, 2010). The need to fulfill specific desires drives human action. Unsatisfied needs lead to tension which, in turn, drives individuals to develop specific goals to satisfy these needs. Thus, consumers select specific product categories and brands that they believe are going to satisfy their needs, as described in the Hierarchy of Needs Theory. The Hierarchy of Needs theory wa s proposed in 1943 by Abraham Maslow.

Big Foot Research free essay sample

However, several colors have been reported such as dark brown, reddish brown, light brown, gray, and in rare instances, white. Most sightings have reported that the hair on Sasquatch is quite wiry and appears to be matted to the creature. Sasquatches are foragers. A few cases to support this statement are that they have been seen washing and eating wild onions in a stream. Crouching over a water hole washing edible grass roots. There were two piles, one washed and the other unwashed. Walking through a forested area stripping spruce buds off the trees and eating the seeds. It would also pull down branches to eat the buds. Head lights of a car caught a Sasquatch eating apples in front of a house. Many trees had the fruit stripped off higher than a human could reach. Stealing corn and turnips from a vegetable garden, chickens and turkeys also missing. A bedding area was found in an abandoned mine shaft, there were many brussel sprout stalks were found near the entrance. We will write a custom essay sample on Big Foot Research or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A thousand 16 inch tracks were found, they showed a Sasquatch stripping the bark from trees to look for insects. Two deer hunters witnessed two dark brown Sasquatches 7 to 9 feet tall reaching down under rocks to find insects and worms. Two Sasquatches in a creek turning over rocks and eating something, possibly insects or small fish. A witnessed an animal digging up clams on the shore. They shot at it thinking it was a bear it stood up, screamed and ran away on two legs. Twenty people on two commercial fishing boats approached the shore, a Sasquatch on a mud flat stood up and ran away. They checked the spot where the creature stood and realized it was digging clams. Two adults and one juvenile witnessed digging up hibernating ground squirrels and feeding on them. Scavenging on road kill. How long have they been around? | Notes: Over the last two hundred years there have been thousands of reported sightings of Sasquatch and Possibly thousands of unreported sightings as well. Hundreds of footprints have been found and cast all over North America. Wide shoulders and a deep chest. Arms are longer than legs and hang down below the knee. Short thick neck or the appearance of no neck. This is due to the fact that the spine connects to the back of the skull and the Trapezius muscles are more developed. Pointed head, a unique anatomical characteristic of the Gorilla. This is attributed in the adult male to a prominent sagittal crest overlaid with a pad of fibro fatty tissue. This characteristic is less pronounced in females and smaller bodied adult males. Extreme muscularity. Broad, flat face. Jaw that protrudes beyond the nose. This anatomical feature (prognathism) is distinctly ape-like. Prognathism is due to the need for large jaws and teeth for mastication. Brow-ridges, above the eyes is a huge shelf of bone. Hair color is most often described as light brown, dark brown or black. Other colors that have been reported are grey, light, white, silver-tipped, and red to reddish-brown. Hair length is longer on the head, shoulders, and arms, than anywhere else on the body. Hair distribution, body is completely hair covered except for patches of bare black skin on the face, chest, soles of feet, and palms of hands.

GIS Project Environmental Hazards in the USA

Among the variety of problems that disturb people, it is not always easy to define one particular problem and prove that it is the only one that deserves people’s attention. Problems connected to nature and human impact on it is considered to be a burning aspect to deal for a long period of time. â€Å"As the world population grows, so more people are exposed to hazard† (Smith 3); this is why the decision to choose environmental hazards as the topic for this GIS project is not accidental.Advertising We will write a custom essay sample on GIS Project: Environmental Hazards in the USA specifically for you for only $16.05 $11/page Learn More Study Objectives The main purposes of the study are the evaluation of environmental hazards, analysis of the historical facts, and development of the ideas on how to prevent some hazards in future or, at least, get prepared for possible damages. People awareness about the possibility of natural hazards tur ns out to be not enough; and the process of mapping hazards and identification of the places which are in danger. Literature Review It is known that solving problems during the GIS project â€Å"involves several distinct components and stages† (Longley et al. 15); this is why it very important to define one purpose to be achieved during the analysis and several supporting ideas on how to comprehend the importance of hazards’ evaluation. The results of numerous investigations on different levels show that â€Å"it is impossible to live in a totally risk-free environment† (Smith 4); however, there is always an opportunity to examine what threats are waiting for people in future and the ways of how these threats may be overcome or minimized by means of human actions. Methodology The current study is based on the evaluation of the particular territory and the analysis of the data given online. The ideas offered by the National Institute of Environmental Health Scien ces may be used as a reliable and powerful source to define what challenges created by nature are the most serious for people. After earth conditions are taking into consideration, it is possible to rely on the census data in order to clear up what parts of North America may be changed or damaged by nature. In general, the use of different methods that depend on weather conditions and population level seems to be the most adequate for this type of work. Planned Analysis A thorough evaluation of conditions that may influence the development of environmental hazards is the central point in this work. The analysis of information found has to be divided into several logically arranged steps: earth analysis, population, human effects on nature, and possible territory for hazards.Advertising Looking for essay on geography? Let's see if we can help you! Get your first paper with 15% OFF Learn More Results At the end of the study, it is expected to define the most vulnerable t erritory and the outcomes of hazards. It is also necessary to clear up what types of hazards are possible in the chosen territory and how serious the level of damage can be. Evaluating the already found information, it is possible to predict that the north-west of the United States of America may undergo considerable damages due to the level of population and the structure of the earth. The main point is to focus on hazards’ types and effects. Conclusion In general, the GIS analysis of environmental hazards in the USA shows that a number of dangers for people exists all the time, and people should not only be aware about these threats but also be able to take necessary precautions and be saved. Works Cited Longley, Paul, A., Goodchild, Michael, F., Maguire, David, J., and Rhid, David, W. Geographic Information Systems and Science. London: John Wiley and Sons, 2005. Smith, Keith. Environmental Hazards: Assessing Risk and Reducing Disaster. New York: Routledge, 2004. Appendix F igure 1: Droughts in America Advertising We will write a custom essay sample on GIS Project: Environmental Hazards in the USA specifically for you for only $16.05 $11/page Learn More From: http://earthzine.org/wp-content/uploads/2009/03/fig-3.jpg Figure 2: Census Data Figure 3: Acceleration of Peak Ground This essay on GIS Project: Environmental Hazards in the USA was written and submitted by user Jamir Baldwin to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Math Checkup Unit 1 Lesson 3 Essays

Math Checkup Unit 1 Lesson 3 Essays Math Checkup Unit 1 Lesson 3 Essay Math Checkup Unit 1 Lesson 3 Essay Essay Topic: A Lesson Before Dying Linear Functions Answer the following questions using what youve learned from this lesson. Write your responses in the space provided, and turn the assignment in to your instructor. 1. What is the slope of the line in the graph below? Show your work. Answer: To find out the slope, you must first take two separate points on the graph, such as (-5,-1) and (0,1). Then, it’s a simple matter to use the equation [pic] to find the slope: [pic]= [pic] 2. What is the slope of the line represented by the table of values below? How do you know? |x |y | |-2 |3 | -1 |4. 5 | |0 |6 | |1 |7. 5 | |2 |9 | Answer: By taking two different (x,y) values from the table and using the [pic] formula, we can easily find the slope. For example, let’s use (-2,3) and (0,6): [pic]= [pic] 3. Which of the following graphs could be the graph of y = 4x 5? Circle the letter of your answer(s) and explain your choice(s). a. b. c. d. 4. Write the equation of the line that passes through the points (3,7) and (-1,2) in: The slope is [pic]=[pic]=[pic] a. Point-slope form -2=[pic](x+1) b. Slope-intercept form y=[pic]x+[pic] 5. What is the slope of a line that is perpendicular to [pic]? Show your work. Answer: A line perpendicular to y=[pic]x would have a slope that’s the reciprocal of the slope to y=[pic]x. So the answer is [pic]. 6. Write the equation of a line passing through (0,6) and parallel to the line [pic]. Answer: y=[pic]x+6 7. Which of the following tables of values could have been generated by a linear function? How do you know? a. |x |y | |-2 | -3 | |-1 |-5 | 0 |-7 | |1 |-9 | |2 |-11 | b. |x |y | |-2 |1 | |-1 |3 | |0 |6 | |1 |10 | |2 |15 | c. |x |y | |-2 |1 | |-1 |1 | |0 |1 | |1 |1 | |2 |1 | Answer:Table A is a linear function, since it has an even distribution in both its x and y values. Table B is NOT a linear function, since it doesn’t have an even distribution in its y values. Table C is a linear function, since it has an even distribution in both its x and y values. 8. For each table in #7 that could have been generated by a linear function, calculate the slope of the line produced by that function. Answer: The rise over run formula [pic] shows the slope of a function table. Table A has a slope of [pic]= [pic]= -2. Table C has a slope of [pic]= [pic]= 0. 9. The cost of hosting a dinner in a particular restaurant is given by y = 18. x + 250, where x is the number of people at the dinner and y is dollars. What is the slope of this function? What does it mean in the context of the problem? Answer: The slope is 18. 5. It means that each person that attends costs $18. 50. 10. The cost of hosting a dinner in a particular restaurant is given by y = 18. 5x + 250, where x is the number of people at the dinner and y is dollars. What is the y-intercept of this function? What does it mean in the context of the problem? Answer: The y-intercept is 250. This means that you must pay $250 BEFORE you pay for each guest’s meal. 11.Write the equation of the line that is parallel to the x-axis and goes through the point (1,4). Answer: y=4 12. Does the point (2,6) lie on the line that connects (1,4) and (0,3)? Explain. Answer: The equation for the slope of (1,4) and (0,3) is y=x+3. Just plug (2,6) into the equation: 6=2+3? No. 6=/=2+3 So, no. (2,6) does not lie in the line that connects (1,4) and (0,3). 13. Which of the following pairs of lines are perpendicular? How do you know? Perpendicular? a. [pic] and [pic]No. Their slopes are NOT negative reciprocals. b. [pic]and [pic]Yes. Their slopes are negative reciprocals. c. [pic]and [pic]No.Their slopes are NOT negative reciprocals. 14. Jeremy uses the linear function G = 12h + 50 to represent the grade, G (in points out of 100), that he can earn on an exam as a function of h, the number of hours he spends studying for the exam. a. Identify the slope and y-intercept of Jeremys function and explain what they mean in the context of the problem. The slope is 12 and the y-intercept is 50. This means that Jeremy’s score, if he didn’t study, would be 50. However, for every hour he studies, his score will go up 12 points. b. If Jeremy spends 3 hours studying for the exam, what grade does he expect to earn?Show your work. G = 12(3) + 50 = 36 + 50 = 86 Jeremy can expect to earn 86 points on the test if he studies for 3 hours. c. How many hours should Jeremy study if he wants to earn a perfect score on the exam? Show your work. 100 = 12h + 50 50 = 12h h = 4 hours, 10 minutes. 15. Suppose that demand, D, for a particular product is given by the function D = 100 2p, where p is the price in dollars of the product and D is the number of products that can be sold at that price. a. What does the slope of this function mean in the context of the problem? The slope shows that for each dollar the price increases, two less items will be sold. b.What price should be set in order to sell 75 items? Show your work. 75 = 100 2p 2p = 25 p = $12. 50 The price should be set as $12. 50 to sell 75 items. 16. Temperature may be given in degrees Celsius or in degrees Fahrenheit. The freezing point of water is 32(F or 0(C. The boiling point of water is 212(F or 100(C. a. Write the equation of a line that shows the relationship between degrees Fahrenheit and degrees Celsius. C=[pic](F-32) b. What is the temperature in Fahrenheit when it is 17oC? 62. 6 Fahrenheit c. What is the temperature in Celsius when it is 79oF? 26. 1 Celsius 17. Write at least three different expressions that mean slope. Answer: Slope=[pic]=[pic]=[pic] 18. In order to write the equation of a line, what two pieces of information do you need? (Hint: there may be more than one answer to this question. ) Answer: You must know both the slope and y-intercept to write the equation of a line. 19. The cost of manufacturing soccer balls is given by C = 24,000 + 7x, where x is the number of soccer balls produced. a. What is the slope of this equation and what does it represent in the context of the problem? The slope is 7, and that means each soccer ball costs $7. b. What is the y-intercept of this equation and what does it represent in the context of the problem?The y-intercept is 24,000, and it means that you have to pay $24,000 BEFORE making any soccer balls. c. If a manufacturer wanted to spend less than $30,000 to produce soccer balls, what is the maximum number of balls that can be produced? Show your work. 30000=24000+7x 6000=7x 857. 14=x The maximum number of soccer balls that can be made without spending above $30000 is 857. 20. Write the equation of a line that is parallel to the line connecting (2,5) and (-1,-4). Answer: y=3x+5 This is the only line with a negative slope and a negative intercept.

Management--corporate governance Essay Example | Topics and Well Written Essays - 1000 words

Management--corporate governance - Essay Example It has been observed that there exists a high level of inequality in the society and the same could prove to be disastrous for the development of an economy. It is thus with, this objective that the recommendations are sought to improve the workings of the corporate world, encourage equality, transparency and accountability and make the Australian remuneration system internationally competitive - i.e. at par with international standards. According to the new recommendations, the key management personnel will now be prohibited from voting their shares on remuneration reports. Such a step would bring about significant reforms in the corporate world, and encourage entrepreneurship and innovation, thus contributing to the nation's economy and prosperity. Furthermore by prohibiting the management from voting their shares on the remuneration report, it would help in increasing shareholder signal on non-binding vote thus leading to better informed shareholders. The recommendations 4 through 9 (with the exception of recommendation 5) essentially seeks to restrict the activities of the shareholders with regard to their voting rights on the basis of remuneration reports; simplify the language used in such reports to make it more accessible to the investors; and to encourage the disclosure of remuneration paid to all management personnel occupying key positions in organizations as opposed to the existing arrangement which stipulates the reporting of remuneration of the top five management personnel. Concerns have been raised regarding the remuneration received by executives and particularly with regard to the level of average wages received by them. These concerns have existed since long, but have caught momentum in the wake of the global financial crisis resulting in a substantial reduction in the shareholder wealth, and the resultant consequences - those of rising unemployment in the nation. The key objective thus, of establishing a robust framework for deciding appropr iate remuneration for executives is to ensure that the trust of the communities at large in corporate governance is suitably upheld, in the larger benefit of the wider economy. The reforms in executive remuneration have been sought by various segments of the society since long, and such changes, are aimed at resolving the issues raised by the them, with regard to excessive payments made to the executives which depict their greed and mismanagement / misappropriation of funds; which is likely to culminate into a financial crisis, affecting a large section of the society as well as the economy. Furthermore, the recommendations would help in putting an end to constant public enquires and outcry with regard to their deteriorating standards of living on account of increase in taxes to bail out companies caught in deep financial crisis. Furthermore, the Commission aims to ensure through these recommendations that it will help in reducing or eliminating the at least some of the doubts and c oncerns revolving the remunerations paid to the directors and key management personnel and reinforce faith in the investors, and in the wider community. One of the key objectives is to stabilize management remuneration and prevent it