Transaction and Traselation Exposure Essay Example | Topics and Well Written Essays - 500 words

Transaction and Traselation Exposure - Essay Example s made by both the Indian and Australian subsidiary gave back less dollars on the combined income statement i.e., translation exposure, even with no earnings remitted back to the parent company (Homaifar, 2004). Jeeves (UK) plc’s combined earnings will be reduced by the translation effect brought as a result of depreciation of the British pound against the other international currencies. Because of the fact that foreign earnings are normally translated at the standard exchange rate over the financial year would eventually mean low value of foreign currencies yielding low level of combined income (Homaifar, 2004). Existence of purchasing power parity (PPP) means higher US inflation than that of Britain. Demand for Jeeves (UK) plc products may not be affected due to price inflation from US, Canada and other euro zones aimed at offsetting the British consumer capability to obtain cheaper dollars. The British consumers’ purchasing ability on Jeeves items of trade versus other country products are not affected by rise and fall in the pound value. The economic exposure of Jeeves, a heavy exporter to the euro zone would decline since no need currency exchange is vital. Likewise, translational exposure of Jeeves would decline since Britain’s economic statements will no longer need translation. (Homaifar, 2004). Multinational companies have the obligation of ensuring that they are capable of reducing risks associated with foreign exchange. This can be attributed to the undisputable fact that their earnings are reliant on the foreign exchange rates. Because foreign exchange rates can fluctuate either up or down which would mean a constructive or destructive effect on the Company’s real profit. This calls for knowledge on minimizing risks associated with the exchange rates if they are to maximize on their profits and increase company’s equity (Homaifar, 2004). Certain strategies employed by a company to minimize foreign exchange risks include, but not restricted

Human Resource Development and Management Critical Thinking Mod 5 Essay

Human Resource Development and Management Critical Thinking Mod 5 - Essay Example Every employee possesses different positive and negative qualities which need to be molded to meet the requirements of a business. Every individual has strength and weaknesses, but training brings out the best in an employee. Training alone cannot bring productivity and performance standard in an employed but a development process also need to be followed by the managerial level. As per (Career NZ) â€Å"Workplace training, also known as trade or industry training, involves learning and earning money while you work†. There are certain steps in training and development procedure and that need to be followed. Analysis: Analyzing means understanding and evaluating the abilities and skills of individual employees. This is the primary stage and an important one to initiate training process. According to (CMI, 2003) â€Å"Analyzing what the training needs are is a vital prerequisite for any effective training programmer or event†. Without a proper analysis training can procee d to be a disastrous process. In this stage, a training manger can glance deep into the positive and negative qualities of an employee. This helps the manager to assess the refinement needed in a person to come up as a quality staff. Planning: When a training co – coordinator or manager conduct analyzis, he has in mind the ways to plan a training procedure. As per (Johnson) â€Å"Designing an effective training program for an organization is a challenging task. You need to be highly organized and have a clear idea of what you need the training program to accomplish†. A training structure cannot be formulated if the individual employees are not studied in a calculative manner.Planning is secondary to analysis as only after analysis can a manger lay out what elements need to be included or excluded in a training program. As per(Ajlouni,2010,pg 56-65)â€Å"The process of identifying training needs is carefully thought out programmer that needs to be carried out with sens itivity because success of a training programmer may be crucial for the survival of the organization†. Execution :This is the third and a very important stage in training and development phenomenon. Here, the manager execute or put in practice the training plan. Here , each individual is educated about the organizational objective and the qualities needed for an ideal employee. During a training program , the main objective of a manager is to develop the personality and performance standard of the employees participating. As per (Seeklander,2009)â€Å"Sloppy attention to detail, or a lazy work ethic during training sessions will result in imprinting a technique wrong into our subconscious mind† Development: Development is the ongoing educational activity occurring in an organization as a part of a training program. A development process involves many educational techniques which will enhance the productivity and performance quality of an employee. In the journal, (Truit t, 2007) writes thatâ€Å"Positive training offered to employees may assist with reduction of anxiety or frustration, which most employees have experienced on more than one occasion during their employment careers†. Feedback – Feedback is an important process in all these stages of training and development session. This gives an outline and idea to the training manager about the experience of the trainees. According to (Raemdonck, 2012, pg24-48) â€Å"

Dtmf Based Water Controller Essay Example for Free

Dtmf Based Water Controller Essay Along with these problems there is no facility for protection from unauthorized user access to the system switching. Why use Intelligent Water Pump? 1)Manual switching is not beneficial in if user is far away from switching station. 2)Timer based switching circuits are beneficial if duration of load operation is fixed. But most of the cases it is not fixed. 3)General remote switching facility provides the efficient solution for these problem. But it is also affected with the parameter range of operation. Intelligent Water Pump provides the exact solution for these problems. It uses the intelligence of microcontroller along with the powerful peripherals. It uses GSM network which is now a days available in most of the places. It also provides password protection facility to protect the system from unauthorized use. It not on provides the remote switching of the system but also provides the status of system electricity to the user. The system provides instant access along with uncommon voice interaction facility. Operation: . GSM network:- GSM stands for ‘Global System for Mobile Communication’ It provides the network service for communication to both user controller side mobile phone. 2. User side mobile phone:- User sends the accessing commands to the Pump control unit using his mobile phone. User’s mobile phone also plays the received voice feedback messages from Pump control system. 3. Controller side mobile phone:- Controller use this mobile phone to detect p resence of call users commands( in the form of DTMF code) from headset output. Also voice feedback messages are put on the Mic i/p of this mobile. 4. Ring detector:- When user make the call , at that time the presence of ring on receiver mobile phone is detected by this circuit to inform the controller that user wants to access the system. 5. DTMF decoder:- When user enters the choice,the decoder IC8870 decodes the choice equivalent binary no. are available on it’s o/p(Q1 to Q4). Whenever new code comes ,the DTMF decoder will pulse low (STB pin) informing microcontroller that codes are available please take them. 5. Speech circuit:- All the voice messages required to inform the user about controlling action are stored in the voice rom(IC APR 9600). As per the trigger and control i/p from microcontroller, speech circuit put respective voice message on the mic i/p of controller side mobile phone. 6.  µController:- Microcontroller(89S52) keeps co-ordination among all peripherals. Whenever call is detected it takes controlling action according to user’s choice and plays respective voice messages for user’s acknowledgment. It also provides controlling signal for switching circuit as per electricity status user choice. . Switching Circuit :- It is basically a driver circuit which provides the making and breaking of ac mains to the water pump as per signal from controller. It consist of electromechanical relay and relay driver(IC2803) to drive it. 8. Water Pump:- Water Pump is a load which is to be controlled by intelligence of microcontroller based system. 9. AC mains detector:- This block detects the presence of AC mains. Controller check the status of this block before providing ON switching signal to the Water pump. Also availability of electricity can be judged from this block. 10. Power Supply:- It provides necessary power to system components as per requirement for their operation. It provides the regulated power supply along with Battery Backup facility. Block diagram of Intelligent Water Pump [pic] User Side Mobile GSM Network Controller Side Mobile Mobile Ring Detector DTMF Decoder Speech Circuit Power Supply To All Blocks  µ C O N T R O L L E R Water Pump AC mains Detector Switching Circuit Mic i/p Headset

Separation of Church and State Essay -- Government

Introduction Separation of Church and state has been a topic seen by the Supreme Court over the past 150+ years. Our countries religious freedoms and how it’s interpreted have been debated by both sides with reasonable argument. The framers of our federal government had laid down a series of guidelines for a free and prosperous society. One of the most controversial clauses in the First Amendment of our Constitution where it states that no law will endorse a religion or prohibit the rights of the people to exercise their religious rights has been part of a national debate since the First Congress was in session. Can you blatantly ignore a religion and make sure they don’t get any government funding for their schools because of their religious status? Is it constitutional to ignore drug laws because it is a person’s religious belief to use them in their practice? In this essay I will show through the Framer’s papers, early political debates and various Supreme Court cases to show why establishment clause and free exercise clause were put into the Constitution in order to â€Å"building a wall of eternal separation between Church & State.† Historical Context To understand what the Framer’s of the Constitution thought was an appropriate relationship between a government and a religious institution, we first should look at their own writings and speeches to understand what their belief on this issue had been. It is true that like most issues brought to the table at the Constitutional Convention, the issue of the religion in government had been a thoroughly argued topic among the Framers. There is no doubt that the battle to structure the separation issue ended when the Constitutional Convention shut its doors. ... ...eacon Press, 1951. McConnell, Michael M. "The Origins and Historical Understanding of Free Exercise of Religion."Harvard Law Review. 103.7 (1990): 1409-1517. Powell, Jefferson H. â€Å"The Original Understanding of Original Intent.† Harvard Law Review Vol. 98, No. 5 (Mar., 1985), pp. 885-948. Cambridge: The Harvard Law Review Association. Reynolds v. U.S., 98 U.S. 145 (1878) 98 U.S. 145 Rossiter, Clinton. 1787: The Grand Convention. 1st ed. New York: Macmillan, 1966. Print. Seixas, Moses, and George Washington. "To Bigotry No Sanction." American Treasures of the Library of Congress. Library of Congress, 27 Jul 2010. Web. 14 Feb 2012. . Sherbert v. Verner, 374 U.S. 398 (1963) Sofaer, Abraham D. "The Presidency, War, and Foreign Affairs: Practice under the Framer." Law and Contemporary Problems. 40.2 (1976): 12-36.

Descartes’ Dualistic Conception of Human Nature

Descartes' Dualistic Conception of Human Nature Descartes' dualistic concept of human nature looks at two different aspects of all humankind: our mind and our body. These aspects are the exact opposite of one another. Our mind allows us to think the thoughts we have every day, and our body allows us to do the physical things within our day to day lives. Descartes came to this dualistic concept by using his theory of methodological doubt. The theory involved thinking about anything and everything he was ever taught.By thinking these things, he came to realize that many things he was told have been false, so he went back to the beginning. He did this by doubting everything he ever thought was true, to find at least one thing he could not doubt. When finally reaching that one truth, he was able to use it to be the foundation when furthering his search to find more things he could not possibly doubt. The first truth he was able to come to was something he referred to as â€Å"cogito erg o sum†(I think therefore I am).The cogito basically states that we are existing to the point in which we can think; however, when looking at the body (physical substance) we cannot be entirely certain that this is real in the sense that the physical things around us can all be imagined with the use of our minds. The thinking aspect of our dualistic selves can be making us believe the things we see or feel; therefore, we can doubt the physical. At the same, time we know we are thinking, so we cannot doubt the mind.This leads to Descartes' concept of how these two aspects are totally different. When looking at the physical and mental substances, one can see where Descartes is coming from. The mind can play tricks on us and make us believe that something is real and/or there when it really is not. There can be some sort of â€Å"puppet master† making us believe the physical things around us are real; however, when looking at the mind, we can argue that the mind, itself, is made up physical substance.Since the mind is in fact made up of physical substance, can it not be doubted as well? Can the â€Å"puppet master† not also be making us believe what we think is actually real? With the questions of doubting our mind, I come to my conclusion that Descartes' theory of methodological doubt in the sense of the mind and the body being two distinct characteristics of mankind, is in fact right; however, I do not think the part stating that we can doubt the physical substance (the body) is correct.If we were going to doubt all the physical substances in our life, we would also have to doubt our mind, which in turn would lead us to doubting almost every thought we have within our lifetime. Doubting some thoughts may lead us to great discoveries to help us figure out human nature; however, I do believe doubting every thought we have will only do us harm by causing us to push everything and everyone out of our lives. When this happens, we will not be happy –happiness is after all, what separates man from every other living thing in the world.

Case Study Apple Inc. - 1722 Words

Apple Inc. is a gigantic company which focuses mainly on technological products, and it is headquarters is located in California. The company is base out of California and it was established in 1976. The â€Å"founder of Apple is Steve Jobs, Steve Wozniak, and Ronald Wayne.† â€Å"Apple design develops, and sells consumer electronics, computer software, and online services.† Some common product of Apple includes â€Å"the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, and the Apple TV digital media player.† Apple s also make and sells products such as â€Å"the Mac OS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites.† â€Å"Its online services include the iTunes Store, the iOS App Store and Mac App Store, and iCloud.† â€Å"Apple Macintosh† computer after its introduction in 1984, â€Å"was the first primary company which sold personal computer with a graphical user interface (GUI).† â€Å"Apple† created a name for itself for their innovations. In 1997, Steve Jobs returned to Apple because of loss of sales, and he introduced colorful iMac, and because of this Apple was successful again. â€Å"In 2001, Apple released the first generation of iPods and included media jukebox software called iTunes.† â€Å"Apple also launched an online media store as part of iTunes, which started off by selling music for .99 cents per song.† Over time, â€Å"the iTunes StoreShow MoreRelatedCase Study : Apple Inc.1349 Words   |  6 Pages Case Analysis: APPLE INC.: IPODS AND ITUNES Donna Martinelli TEXAS CHRISTIAN UNIVERSITY September 3, 2014 Table of Contents Executive Summary..................................................................................................3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Defining the Challenge...............................................................................................3 Analyzing the case data....................Read MoreCase Study : Apple Inc. Essay1422 Words   |  6 PagesCase Study: Apple Apple Inc. focuses on the design, manufacture, and marketing of personal computers, mobile phones, multimedia devices, and portable music players. Apple Inc. offers consumers manufactured goods under the brand names Apple Watch, iPhone, iPad, Mac, iPod, and Apple TV. Enhancing the customer experience through their proprietary software applications iOS, X, OS, and watchOS brands; and services across their Apple Pay and iCloud products (Forbes.com, 2016). Explored in detail, Apple’sRead MoreApple Inc. Case Study1494 Words   |  6 PagesApple Inc. Case Study TABLE OF CONTENTS COMPANY OVERVIEW General Description Historical Outline Industry Current Challenges Ethics and Responsibility STRATEGIC INFORMATION Mission Statement Competition SWOT Analysis HISTORICAL FINANCIAL ANALYSIS Historical Financial Information Competitive Financial Analysis Summary FUTURE PLANS Competitive Advantage Recent Performance Business Environment Recommendations Zackery Butler, Connor Daugherty, Stanashia Davis, Gabrielle Drohan, and Lauren SpearsRead MoreCase Study : Apple Inc.1971 Words   |  8 PagesCritical Essay Introduction Apple Inc. is a globally recognised pioneer in the tech industry. It is a corporation that designs, develops and sells electronic products such as tablets, computers and phones. Founded by Ronald Wayne, Steve Jobs and Steve Wozniak in 1976, it is a multinational corporation with headquarters in Cupertino, California. Tim Cook has been CEO since Jobs’ passing in 2011. Labour conditions Despite its global recognition and status, Apple Inc. has come under scrutiny in recentRead MoreCase Study : Apple Inc.2083 Words   |  9 PagesBackground This paper presents a case study of Apple Inc. Apple Inc. is a technology based corporation with emphasis on computer software and hardware (MAC and Apps), tablets (IPad), smart phones (IPhone), and mp3 plays, (ITouch). Apple Inc. has grown tremendously over the years and ever since 2001 has expanded its brand and retail stores to over 375 stores/outlets globally. The business has seventy two thousand eight hundred employees in thirty eight countries. Apple Inc. has truly become one of theRead MoreCase Study : Apple Inc. Essay6014 Words   |  25 PagesIntroduction On a daily basis we all encounter all forms of technology. There are several technological corporations in the current industry but one stands out†¦.Apple Inc. Apple Inc. is an international corporation, situated in Cupertino, California. The company designs, manufactures and markets consumer electronics and computer software products. Apple is well known for its hardware products such as Macintosh computers, the iPod, the iPhone and its innovative software such as the Mac OS X operating systemRead MoreCase Study : Apple Inc.1943 Words   |  8 Pages Apple Inc was incorporated in 1977 by Steve Wozniak and Steve Jobs. As a startup company Apple Inc went through several management changes and conflicts which caused the company to lose some of its competitive advantage against companies like Dell, Gateway and Microsoft. The company designs and manufactures various products in the computer and music industry. Apple being strictly a personal computer company decided to venture into marketing other products like the iPod, a digital music player, andRead MoreApple Inc Case Study851 Words   |  4 PagesApple inc. 1) Introduction Background and summary This article present the story of Steve Jobs and it’s Apple company through two aspects. From the company history perspective and the product industry perspective. On company history side: Apple was founded by two Steves. Apple board later fired Jobs and gradually went near bankruptcy. Till 1997, Apple brought back Jobs and became the most valuable company in the world in 2012. On the product industry side, Article dig into the fieldRead MoreCase Study : Apple Inc.1417 Words   |  6 Pageschanged the world with Apple Inc Company. Both of them was out of college, they were making so much money in the computer company Apple was started with introduction of computer I computer on April 1, 1976. Apple was incorporated January 3, 1977. The Apple II was introduced on April 16, 1977 at the first West Coast computer Faire. The Apple II was chosen to be the desktop platform for the ground breaking use call spreadsheet program. He was created a business market for the Apple II and gave home usersRead MoreCase Study : Apple Inc.1732 Words   |  7 PagesApple Inc. is a California based company that was incorporated in 1977. According to University of Oregon Investment Group, â€Å"Apple operates out of 8 different segments: Desktops, Portables, iPod, iPhone, iPad, other music related products and services, peripherals and other hardware, software, service and oth er sales† (2012). According to the company’s 2013 10-K, â€Å"Apple sells its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular

Description Of A M Investment Management Staff - 1436 Words

MEMORANDUM To: AM Investment Management Staff From: Bill Post, Chief Compliance Officer Co-National Practice Leader | AM Investment Management, LLC â€Å"AMIM† Subject: AMIM Best Execution Policy Date: August 24th, 2016 Introduction The U.S. Securities and Exchange Commission (â€Å"Commission†) position is that as a registered investment adviser under the U.S. Investment Advisers Act of 1940 should adopt written policies and procedures designed reasonably to ensure that the adviser satisfies the best execution for client trades. The characteristics of the CD market presents AM Investment Management (AMIM) with practical difficulties in assessing and documenting CD best execution not faced when undertaking, for example, equity transactions. Unlike their equity counterparts, the Certificate of Deposit (CD) market is fragmented and often subject to limited transparency as a result of the absence of a centralized market or formal exchange. CDs are traded Over-the-counter (OTC), via a dealer network, as opposed to on a centralized exchange. This memo will state AMIM best execution policies and procedures tailored to AMIM’s operations and the types of fixed-income instruments (CDs) in which it trades. This processes and procedures will create a systematic, repeatable, adaptable, and demonstrable approach to seeking best execution on an overall basis. Background Under a well-settled principle of law, AMIM is a fiduciary subject to a number of specific obligations when acting onShow MoreRelatedThe Development Of Tourism And Hospitality Industry1410 Words   |  6 Pagesindustry. Therefore, talented human resource management is important to hospitality industry. However, the quantity of jobs is unquestionable the quality of many of these jobs is of great concern to academics and policymakers alike (Nickson, D., 2013). 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