The s Model Of Relational Development - 1436 Words

Throughout an individual s life, they will be consistently forming and breaking relationships with other people. Relationships that a person will develop can go through some or all the stages of Knapp s model of relational development. When a relationship is progressing through Knapp s different stages, the individuals in a relationship will go through the different types of dialectic tension and conflict. In the movie, The Boy in the Striped Pajamas, two relationships are needed to be analyzed to fulfill the coming together phase, the coming apart phase, the three dialectic tensions, and the different types of conflict. In the movie, Bruno and Shmuel, the two main characters, can be seen going through the five coming together stages: initiating, experimenting, intensifying, integrating, bonding. In the initiating stage, two people meet and exchange typical pleasantries such as hello and nice to meet you. Bruno and Shmuel go through this phase by saying phrases like â€Å"hello† and â€Å"what is your name?† at the fence of the concentration camp. The next stage is experimenting, which is when two people exchange small talk to see if they have anything in common. This stage comes right after the initiating stage and continues to their next meeting when Bruno starts asking Shamel questions such as do you likes games and how old are you. The third stage is the intensifying stage which is when two individuals are more likely to touch and the range of topics increase. The intensifyingShow MoreRelatedThe Impact Of Data Warehousing On The Data Warehouse1191 Words   |  5 PagesThe term â₠¬Å"Data Warehouse† was coined by Bill Inmon also known as â€Å"The Father of Warehousing† in 1990. Inmon s model of Data Warehouse was an instant hit in the industry and was followed religiously till 1996, when another Database expert Ralph Kimball came out with his own model of data warehouse, which was in total contrast with the model proposed by Bill Inmon. DIFFERENCES The models though both used rigorously in the industry, differed from each other in the methodology, modeling approach, philosophyRead MoreElectronic Healthcare Information Systems Analysis1348 Words   |  6 Pagesis crucial to healthcare practice. Having the ability to create, modify, delete, and view patient data is the most important aspect of healthcare. A vital storage mechanism to perform the above functions is a database. A database is essential in development of Electronic Health Record system A database is an organized collection of data saved as a binary-type file on a computer (Sayles, 2013). Binary-type files only contains ones and zeros so it is unreadable to end users. 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Most recent database challenges include internet-scale databases – databases that manage hundreds of millionsRead MorePerformance Of Data Processing Together On Relational Databases And Hadoop Frameworks1473 Words   |  6 Pagesprocessing individually on relational databases and Hadoop framework by taking a collection of sample datasets. After evaluating the performance of each system, we will be working on a new method of data processing by combinedly using both the computational powers of RDBMS and Hadoop frameworks. We will be using same experimental setup and configurations for analyzing data. The relational databases require a well-defined schema of the data being stored in the database. Relational databases use structuredRead MoreDatabase Analysis : Database Management System933 Words   |  4 Pageshow the databases and DBMS are organized depends on a specific data model that consists of rules and standards. A data model defines how users view the organization of the data. It does not define how the operating system actually arranges the data on the disk. Three very popular data models in use today are relational, object-oriented, and multidimensional. Databases are typically based on one of these three data models. A relational database is a database that stores data in tables that consist ofRead MoreRelationship Leadership Theory1167 Words   |  5 Pagesrelationships on followers, leaders, and organizations. These include relational leadership theory (RLT), leader-member exchange theory (LMX), and direction-alignment-commitment (DAC). For your initial post for this discussion, compare two of these leadership models. Present your analysis of the similarities and differences of the models. Then, address how you could apply these two models to help leaders become more effective. Which of these models might help you become a more effective leader, and in whatRead MoreRelational Theory Of Romantic Relationships1336 Words   |  6 PagesAfter reading your story, it is a reoccurring situation that has been brought to the attention of many relational theorists. Studies have shown romantic relationships are challenged and go through various stages of relational maintenance that may not always be positive. However, the conceptualization of negativity in romantic relationships is often dismissed. As a society, there has been the glorification of love and how romantic relationships should play out. Whether it is through the representationsRead MoreDatabase Design1119 Words   |  5 Pagesinformation about its students: roll class, surname, first name, guardian s name, address, student s date of birth, gender, sport house, emergency-contact telephone number, mailing name, list of subjects offered, and subjects in which the student is enrolled. The system takes up a large amount of space, has many duplicated entries some of these with mistakes and it is time consuming to search. The school intends to introduce a relational-database management system to overcome these problems. Current

Practicum Tour Guide and Elementary School Free Essays

We talked about the destinations, accommodation and the budget for each group, because we’re divided into 8 groups. The 4 groups are going to Sad and the other 4 are going to ‘locos Norte and Sure. March 26, Second day Sir Mann told me went to De La Sale in Taft Avenue to pass his papers and after that I went to Bambina and bought some medicine for our medical kit that we will be using for our Tour. We will write a custom essay sample on Practicum: Tour Guide and Elementary School or any similar topic only for you Order Now March 27, Sir Mann told me went to Magmata to meet Mr.. Carlo, he is a Businessman and my Job is to get his full payment for the Honking Tour, I remember that guy because he gave me a tip and treat me in a high class restaurant. I think he gave me the payment and it cost around forty five thousand pesos in cash so that day I feel Anxious and when I came back in our office I took a rest because we were having a tour on the next day. May 28, I Joined the ‘locos Holy week tour Sir Lieu San Martin and I were partner and we brought 50 Tourist or Clients. They came from different group so our mission is to make them friends before the Tour ends. I’m he one who’s in-charge in money transactions, checking-in the tourist on their of our tour and my task for this day is to serve and remind the hotel to prepare their breakfast and to be a professional photographer because we coordinator are the one to took them pictures if they requested only. March 30 last day of our ‘locos tour, we went to Vagina heritage to buy some stuffs and shirts and after that back to Manila. WEEK 2: April 2- 8, 2013 April 2, we trainees taught to make a company email address and we made an account in slit. Com to promote some tour packages that we are offering. April 3, Sir Mann taught us how to answer phone calls and how to make a reservation for those clients asking for a tour or some promos that we are offering. April 4, Mama Promotion taught me how to deposit, withdraw and other banking transactions, the truth is I have no idea how banking transactions is processed and I sort out some receipts and bills. April 5, Sir Ryan our Marketing specialist taught me how to make an ads and how to compute those tour price, accommodation and airline tickets that they are offering. April 6, another ‘locos tour is came so automatically we trainees are joined. We did the same thing like the last tour but this tour is the most unforgettable tour, because one of our clients sends a message to our company directly to Mr.. Mann our General Manager, the client complains are 1 . What a kind of Tour guide you have? 2. Your tour guide is making money on us. 3. The tour guide of your company is not well dressed. The complainant used other mobile number for us not to know who she/he is, by that day I don’t know what to do, because I’m not expecting that would be happened. WEEK 3: April 9-12, 15, 2013 April 9, this is Holiday from ‘locos tour we came here at manila by 2 o’clock in the ironing and by 3 o’clock in the morning we went to Lucian, Guenon for our Success in the past Holy week tour and also an incentives because almost of our clients appreciated my effort in that tour and I am very thankful to those clients. April 10, 11, 12, I did some paper works like sort out receipts, print some documents, arranged the files, books, Fliers, Directories, Posters, answer phone calls. April 15, we trainees cleaned up the whole office and put some wall designs because some unexpectedly visitors from Department of Tourism would come. WEEK 4: April 16-19, 2013 April 16, on this day we are tasked to make some research about Minor travelers and airline codes, airport codes, airport rules. We did for the whole day is to read what we searched. April 17, this is the day of our quiz I remember that is a 100 items quiz but only two questions (it’s weird right) I got 96 and my co-trainee got 94 so he failed and I got passed but I’m not putting up myself I’m Just happy because I didn’t expected that I will passed the quiz. April 18, we were tasked to made a tour itinerary from Zebu-boll-campaign, I have no idea in that place so the whole day Im focused n that task and sir and I talked one-on-one about the itinerary I made and fortunately , I passed again because I defend my answer correctly and exactly it made my confident boost. April 19, Sir Mann asked me and my co-trainee to repost all of the ads we post in Slit, the purpose of reposting those ads is to make the clients easily look for that April 22, Just the same thing I did some edit and fix some files and ads on website. April 23, Deposit those payments of the clients in the bank, sort out those receipts again, answering phone calls. April 24, Mr.. Mann taught us how to speak fluently and e told me some tips and reminders for me to knew that in the future we need to become comfortable and hospitable in our clients even though our clients is not in a good mood, do paper works, answer phone calls and other matters. April 25, tomorrow would be our last day so I review those tour packages that they’re offers and repost it again. April 26, taking pictures of the facilities, gathered those information that I need for the completion of my practicum report and finished my 300 hours of Journey and unforgettable experienced in Tuesday Tours and Travel. General Perception of the training How to cite Practicum: Tour Guide and Elementary School, Papers

Computer Security Breaches and Cyber-Attacks-Samples for Students

Questions: 1.Search the web for news on computer security breaches that occurred during April-August 2017. Research one such reported incident (Excluding the May 2017 ransomware cyber-attack) . Prepare a report focusing on what the problem was, how and why it occurred and what are the possible solutions. 2.Research the May 2017 ransomware cyber-attack on the web and prepare a report focusing on the following questions: What was the problem? Answers: Introduction In this report, we have searched about the various computer security breaches and about the major cyber-attacks done by the hackers all over the world. This report consists of two parts, i.e., part A and part B. In part A we have considered Fireball the Chinese malware for the research and in part b we have discussed about the WannaCry cyber-attack that took place in the mid of May this year. In part A, the complete information is discussed about the cyber-attack faced due to the Chinese malware and we have also discussed various important factors like the type of problems that the company faced at that time, reasons responsible for the attack, several possible efforts made by the security agencies for competing with that situation. Talking about the part B, we have discussed the complete information about the WannaCry cyber-attack that took place in the May 2017. The complete description is provided below about what the actual problem was, who was mainly affected by this cyber-attac k, how this attack was carried out and what efforts does the security agencies took to cope with the problem at that time. 1.In the first part of the report, I have selected Fireball the Chinese malware for my research. In the present year this cyber-attack was reported by the companies all over the world, which had affected approximately two hundred fifty million people. During this cyber-attack it was reported that this malware directly affects or we can say that, targets the browsers present in the system of the user and transforms those browsers into zombies. It was hacked by the hackers by accessing the database of the systems. In this part of the report, the complete information has been discussed below about the various problems being faced by the company, reasons for the cyber-attack as well as about the valuable solutions made by the security engineers of the company at the time of cyber-attack (Check Point Software Technologies Ltd., 2017) Identification of the problem: In this phase of the report, we will discuss about the problems faced by the people existing all over the world as well as about the problems related to the theft of the personal data of the people by the hackers. At the early stage there was no such relevant information about the cause of the cyber-attack and about the number of system affected by this malware (Bisson, 2017). After several verifications and the steps taken by the security agencies the main functionalities of this malware was described.In this, the malware was having the ability to run any type of code on the infected system of the user and the ability of downloading any other malware for accessing any type of information of the user. This was the major reason that the identity of the customers was put at risk because with the help of personal information the hackers can affect the customers by directly influencing their banking accounts, etc. Problem occurrence: Firstly, the security agencies had no such strong evidence about the actual problem. Later on it was clear that, this was a task of Rafotech a Beijing based company working in the phase of digital marketing. This company was using the fireball for hacking the system of the users by transforming the browsers into fake browsers along with thetechniques related to the social engineering, i.e., sending and receiving malicious links were the other reason recognized by the security experts of the company. In this process along with the search engines the default home-pages was also transformed to fake ones. Along with this there exists one other major reason, i.e., this malware infected more than two hundred fifty million computers all over the world excluding approximately twenty per cent of the corporate network (Hassan, 2017). Due to this cyber-attack the corporate agencies faced a huge loss in their business across the different countries of the world. Many governan ce issues had also been faced by the management of the company due to misunderstanding between the shareholders of the company. Actions for resolving the several issues: As it has been discussed earlier that approximately two hundred fifty million customers all over the world was affected by this and to save them as much as possible by reviewing the browsers as well as the default home pages of the browser. On the existence of some fault users was advised to restore the browsers to default settings. Several advises and personal assistance was given to the customers by the experts of the security agencies for removing the malware from the system. By making an efficient use of the latest technologies and software for protecting the system from malwaretwo different steps was required for both window as well as Mac operating system. For the Window users, they need to uninstall the adware by deleting the programs installed in the control panel of the system and for the Mac operating system firstly they need to locate the application and after locating it they need to delete the file permanently (Morris, 2017). Sec urity experts help the people in making an effective and secure method of accessing their accounts from different locations or sites, etc. By using these two methods the users can easily resolve their problem because more than two hundred fifty million systems was infected by this malware including the maximum shares of the countries like India, Brazil, Mexico, Indonesia and the United States as well. 2.In this part of the report, we will discuss about the cyber-attack took place in the mid of the May 2017. This attack was done by the wannaCry and it infected more than one hundred countries all over the world. This ransomware made the Microsoft operating system computers its target by encrypting the complete data present in the system. This all was done for demanding the ransom payments in Bitcoin cryptocurrency against the recovery of the affected system or we can say that, for the recovery of the data encrypted. According to a survey done by the security agencies approximately two lacs fifty thousand computers all over the world was affected by this WannaCry ransomware attack. Several technical write-ups had been timely released by a number of companies so that the problem can be tackled upto much extent (Wong Solon, 2017). The main problem of the attack, who was affected by this ransomware, how this attack was carried out and what preventions was made to heal this all these ph ases are discussed below: Identification of the problem: This ransomware targets only the computers running on Microsoft windows operating system. In this, the complete data of the Microsoft operating system was being encrypted and for its solution the ransom payments were being demanded by the hackers in the Bitcoin cryptocurrency. This ransomware had affected more than two Lac fifty thousand computers all over the world working on the Microsoft operating system. The problem was caused due to the theft of cyber weapons cache claimed by the national security agency (Hern Gibbs, 2017). In this ransomware, a malicious software named as WannaCry was being used, which blocks the data of the operating system and demands for an amount for recovering that data. Who were affected and how:WannaCry hits a large number of companies, industries, hospitals, etc., delivering a variety of services all over the world. The companies or we can say the organizations using the systems working on Microsoft operating system was being affected at a high speed. This ransomware encrypts the complete data of the systemand doesnt allow the user to access its data and further to this it demands for the money for unblocking the encrypted data and allowing user to access his/her data. In this complete process the ransomware encrypts the whole data with the help of central server and after completing the process of encryption it shows a message on the screen demanding for the money for decrypting those files or data. All this was done through the PDF files, word files, document files, etc., sent through emails or by any other links. How was the attack carried out: The cyber-attack was done by spreading the malware or we can say the infected files or links through the PDF, word document files, etc. in a hidden manner. This all is done with the help of email being sent from one system to the other. All this is responsible for the cyber- attack done in the mid of May this year. This ransomware disturbed the implementation of the remote desktop protocol in the Microsoft system and it also affected the implementation of server message block which was the main reason that no one was able to access his/ her data. Shadow was the group of the hackers, which shows some evidences indicating the tool used in the malware (Richard, 2017). Steps taken for the prevention:Various steps were taken by the security agencies for decreasing the impact of the ransomware on the computers affecting the people all over the world. Various patches had been released from time to time by the Microsoft for supporting their operating systems. These patches help the users by protecting them from the cyber-attack. The effect of the virus was becoming slower when an internet security researcher finds a kill switch. Among the various countries, Russia was affected the most by this cyber-attack. Conclusion According to this report, we can say that, this attack should be taken as a warning by the world and the security agencies should need to work harder for the safety assistance being provided by them to the people all over the world. This type of ransomware can target the important infrastructures of the countries like railways, airways, nuclear energy, etc. This report shows that; these types of attacks should be taken seriously because they can disturb the complete working of the organizations as well as of the countries across the world. From this we can say that, it is not yet over so each and every person needs to access the network safely. References Bisson, D. (2017). Fireball malware's flames infect a quarter of a BILLION computers. Retrieved from https://www.grahamcluley.com/fireball-malwares-flames-touch-a-quarter-of-a-billion-computers/ Check Point Software Technologies Ltd. (2017). FIREBALL The Chinese Malware of 250 Million Computers Infected. Retrieved from https://web.archive.org/web/20170607155331/https://blog.checkpoint.com/2017/06/01/fireball-chinese-malware-250-million-infection/ Hassan, J. (2017). Fireball Malware Infected 250 Million Mac and Windows Devices. Retrieved from https://www.hackread.com/fireball-malware-infected-millions-mac-windows-devices/ Hern, A., Gibbs, S. (2017, May 12). What is WannaCry ransomware and why is it attacking global computers? Retrieved from https://www.theguardian.com/technology/2017/may/12/nhs-ransomware-cyber-attack-what-is-wanacrypt0r-20 Morris, D. (2017). Chinese Fireball Malware Infects 250 Million Computers. Retrieved from https://fortune.com/2017/06/03/chinese-fireball-malware-infection/ Richard. (2017, May 23). Global Ransomware Cyber Attack Hits More Than 100 Countries. Retrieved from https://darkwebnews.com/dark-web/cyber-attack-hits-100-countries/ Wong, J., Solon, O. (2017, May 12). Massive ransomware cyber-attack hits nearly 100 countries around the world. Retrieved from https://www.theguardian.com/technology/2017/may/12/global-cyber-attack-ransomware-nsa-uk-nhs

The Gift free essay sample

Twenty-two days before my first day of freshman year in high school, I was diagnosed with Acute Lymphoblastic Lymphoma. On that day in 2008, the old me died. And so began a long and difficult birth of 2 ? years, which would test my resolve and push me far beyond what anyone believed I could do. When I emerged on November 11, 2010, cancer free and reborn to a new life, I saw the world through an infant’s eyes. I saw truths that I didn’t have the insight to see before, truths so simple they are easily overlooked in this world where much is taken for granted. The most evident of these truths, the one that has brought me to the place I am now, which I believe with my whole being, is that everything, from the incredibly good to the heart-wrenchingly horrible, happens for a reason. During my 2 ? year dance with cancer, my indomitable will to continue my life took over, and I discovered a strength I never knew I had. We will write a custom essay sample on The Gift or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I continued to go school when I really should have been in the hospital. On days when I could barely walk I went to the barn where I would climb onto the back of my horse and sit for hours at a time as he wandered the property. Before hospital visits, I would put on a wig, makeup, and a smile so I could walk into the chemo room ready to be wheeled out and go on like nothing had happened. Without consciously choosing to, I refused to let my cancer define me, and in doing so I found that I could define myself. It wasn’t until after my rebirth that I finally asked myself the most simple of questions; Why? For several months I was stuck in a very dark place. I found no meaning in my experience, no rhyme or reason for the pain and suffering I had been through. Then someone said something to me that will forever be burned in my mind as my saving grace; â€Å"Thank God everything in our lives happened the way it did, because if it hadn’t, who knows if I would be here talking to you right now.† In the moments following that sentence it was as if the darkness had lifted and I found light. People often say they’re sorry when they hear I had cancer. I always counter with the same response; I wouldn’t trade the experience for anything in the world. I treasure my encounter and believe it to be a gift. It didn’t give me anything I did not have before; rather it brought out qualities in me that might have lay hidden otherwise and made me prove to myself that I can conquer anything. It gave me insight that many people do not have, and a sense of gratefulness for every single thing in life, because I know that one day I will look back and thank God it all happened.

The economic growth of China and India

The economic growth of China and India Introduction All economic measures and structures of statistical comparison show that China’s economy has grown faster and is higher than that of Indias.Advertising We will write a custom essay sample on The economic growth of China and India specifically for you for only $16.05 $11/page Learn More In the recent past, China’s economy has grown mainly because of expedient implementation of policies by the Chinese government. Then again, the fractured system of the Indian government has been the main reason why the Indian government has been unable to implement its policies at a faster rate. This has therefore, led to the slow growth of the economy. However, the leadership of China is very effective in spearheading all sectors within its economy. This has speeded up the growth of China. Since the adoption of market-oriented economies, these two countries have ushered strategies of development that are largely similar. China has adopted measures w ith an objective of coming up with policies aimed at reforming the closed economy. For a long time, India has also been undertaking policies, which objective was to improve its economic performance. Macro-economic analysis of the two economies shows that they continued implementing of policies in order to stimulate their growth1. Per capita income Macroeconomic analyses of China and India show that the per capita income of the two countries was almost the same in the early 1900s. India was even ahead of the Chinese economy in terms of the income earnings. However, the pace of growth of the two economies changed tremendously after the World War. Statistics from the World Bank shows that China’s GDP has been growing at a rate of 10% per year while the annual GDP of India has been growing at a rate of 8 % to 9 % per year.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However , China’s growth looks more sustainable with an increase of its fixed investments in overseas markets. This indicates that China’s GDP might even grow further if the economy continued to be open to the world market2. In both countries, the macroeconomic data on investment and savings rates is subjected to digital errors. Although many analysts may argue that China’s economic growth has been overrated, it is evident that huge investment into its physical capital proves that the country has experienced more economic growth than India, its counterpart. Although investment in physical capital alone is not enough to foretell the growth of the economy, it is evident that total productivity of China is higher than that of India. However, the pace of economic growth of India became high with implementation of projects such as the economic stimulus programs. These programs have provided the steady growth in the economy of India predictable because they came with roadmaps and estimates of the effect they had on the economy3. Foreign direct investment Economic projections from the World Bank show that India’s economy has a potential for growth. Unlike China, India has very few investments in other nations from all over the world. China, on the other hand, faces the risk of losing most of its investments. The new infrastructure invested in China and the increase in credit in India show that there is a bigger growth of credit in India than in China. The banking system of India has adopted policies for providing its people with money, which they use in investment and real estate development.Advertising We will write a custom essay sample on The economic growth of China and India specifically for you for only $16.05 $11/page Learn More The lending rates in India have fueled increase in prices of essential commodities and sparked an increase of inflation. This slows the performance of the economy over a period. The flow of net income from direct investment of foreign countries in China is higher than the one that flows into India. China also has a better investment in environment than India. This investment in environment is a creation of the government through implementation of policies. It has an efficient foreign policy characterized by policies of trade between its partners. In fact, China has efficient policies for trading with other countries, which enhances good environment for trade in goods and services. China’s bilateral relations with other countries in Asia show its willingness to trade with countries that have raw materials for its industries. This enhances the growth of industries in China. On the other hand, India has weak relations with other countries in Asia such as South Korea and Pakistan. This acts as an impediment to the growth of India in foreign markets4. After the world wars, there was a great recession in Asian market and these saw many people losing employment in bot h India and China. Since then, China has adopted efficient methods of fighting against the recession while India has slow policymaking strategies, which have prevented the growth of the economy. China adopted very efficient methods, which have seen the increase in its economic output. However, India did not put its sectors of production at risk but went ahead and implemented policies that have helped stimulate economic growth.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More India’s hefty stimulus package has helped it increase its economic output, and it has helped India enhance the growth of GDP and per capita income. The monetary policies, implemented by India, have helped it invest into areas that were more productive. This has increased the growth of the economy of the country5. Exports and Imports A comparison of the contribution of exports in both countries shows that China’s exports represent 35% of the GDP while those of India represent only 25%. India also has a higher domestic consumption than China, and this shows that India has a slower growth than China. With huge imports from the United States and European countries, India’s economy is prone to slow growth rates. However, China has protected itself from the losses brought about by the huge imports from other countries. This has led to the country investing in other nations. The country has also built huge capital investments in other countries to stimulate the growth of its economy. The fiscal position of China is higher than that of India. In fact, India’s fiscal deficit is 3% while China has 25.5%. The huge fiscal deficit for China is because of its huge expenditures, which are due to the high costs of living and policies. The two lead to an increase in taxes. Nevertheless, the government of India has relaxed, and it has failed to be more productive over time. Secondly, the fiscal policies in India do not address the banking and financial systems, and this has led to slow production. The Indian currency has also declined with time with the rupee having a huge fall over the US dollar6. Poverty trends One of the basic facts is that the poverty trends in both countries have significantly dropped over time. The household expenditure survey in both countries shows that there is a huge change in poverty estimates in India. The price indices, which are a good indicator of poverty levels, also show that they have declined over time. The assumpt ions from the researchers show that there is a decline in the levels of poverty between the two countries. The gap between the rich and the poor individuals in India has also declined over time. This has been stimulated by the economic stimulus projects and by the policies, which have led to a reduction in poverty levels in both countries. However, poverty estimates in China suggest that there has been a huge reduction of poverty7. Due to growth of human capital in China, there has been a reduction in the regional disparities between the two nations. The income disparity in China is slower than that of India. This is due to the projects whose objective is to develop many regions in China. Estimates also show that the income of an Indian worker is lower than that of a Chinese worker. This makes it possible for the Chinese worker to produce more, which in turn leads to increased disposable income. On the other hand, the contribution of an Indian worker into the gross national producti on is lesser than that of a Chinese worker. The reason is that there are many unemployed people in India’s population as compared to China’s population. International market share With regard to globalization and integration of Industries, it is arguably evident that the Chinese economy continues to outpace all other countries in Asia. This is due to its innovations that have led to an increase in the nation’s Merchandise. In fact, Chinese exports represent 5% of exports in the world market whereas India’s exports represent 0.8% of all exports in the world. It is thus evident that the share of China’s exports is phenomenal and that it represents an economy that contributes to labor-intensive trade. Since the 1980s, the Chinese share of the world’s economy has grown widely, and thus China has contributed to huge growth of commodity markets in the world’s economy. The trend of Chinas growth is going to continue with the pace of capturin g the market share if the government in India does not open itself to the international economy8. Although manufacturing is the mainstay of India’s economy, it is evident that the Chinese economy has produced much as compared to its Indian counterpart. However, a comparison into the prices of commodities in the Indian market shows that the Indian prices are lower than Chinese prices. Amazingly, Chinese manufacturing companies usually export their finished products into Indian markets. In addition, the exchange rates are relatively the same and this means that China continues to be far much ahead of India. Moreover, China exports commercial services to India. The country has also enacted policies that aim at reduction of exports to other countries thus making it globally competitive9. Information technology With regard to information technology and software exports, India is a giant. This is because in every fiscal year, India jets 15-20 billion US dollars into its economy. Th e Chinese information technology and software exports lag behind because they are as good in English as their Indian counterparts. China also lacks experts in management and has a curriculum that does not give a room for the development of the Chinese language, thus making the country lag behind other countries, like India. Experts argue that in the future, China will catch up with India in the production of software and Information technology facilities. This is because the government of China has come up with policies that enable the country to invest in the Information technology sector. Trade of commodities India is also far much ahead of China in terms of pharmaceutical export. International bodies such as the United Nations usually rely on vaccines and other medicinal products from private companies in India. Studies show that if India changes into a fast growing economy like other developed countries in the world, it will become a super power. This is because India has econom ic inputs such as abundance of natural resources, large human labor, and dynamic brainpower. These factors are vital for the spearheading of the growth of any economy. In addition, the supply of pharmaceuticals plus the dynamic information technology will act as the catalysts for growth stimulation. They are therefore vital in the development of the Indian economy. It is thus evident that the process of implementation of policies in India needs a change in order to contribute to the growth of the national economy10. China’s trade with developed nations has also increased tremendously with time. This has led to creation of surplus and foreign reserves. It also helps to supplement for the foreign surplus and increase its account balances thus creating a substantial increase in the exchange reserves. This helps reducing the volatility of its imports from other countries and help in supplementing the reduced exports. Estimates show that the foreign reserves of China amount to $92 billion. However, there is also an increase of India’s balance of payments. This is because the foreign reserves of India are also high but they cannot account for the increase in the exports from other countries, thus slowing the growth of the economy. This still makes China to be far much ahead in terms of trade of manufactured goods. Trade of services The trade of services in China is very high. It is due to the high productivity of work, which is literally forming part of China’s exports. In fact, Chinas exports its experts to other countries such as the United States. On the other hand, the services traded are knowledge intensive and require the Chinese people to be more educated than their Indian counterparts. This means that Indian workers are less productive, and thus they do not represent much productivity into the economy of the country. Secondly, India does not trade sophisticated goods and services, and this makes the country lag behind. However, per capit a income in India is high due to the balance of the economy and the high returns of trade in goods. The future of Indian economy can be successful if the economy grows in terms of production of services more than goods. It is evident that the growing economies trade more in services than in goods. India should also improve its barriers to investments, which include the cultural barriers, slow implementation of policies ,and open its closed markets. The government of India should also give its people the freedom to have international trade through implementation of policies. Affordable credit should also be availed to Indian investors if they are to contribute substantially to economic growth in their country. India should also open its narrowed gaps with international countries to increase its level of trade. Conclusion In conclusion, for many years economists and other parties have considered China and India as super powers due to their fast growing economies. The two Asian nations have adopted strategies that favor internal and external markets thus creating a good environment for regional and international trade. Through increase in their direct investments and the opening of their closed markets, these two countries have speeded their economic growth. However, China’s growth in production of goods and services is phenomenal. In addition, China is still ahead of India in terms of increase in foreign reserves, huge direct investment in other countries and even increase in globalization of its industries. The poverty rates in China are also minimal as compared to the rates of poverty in India. Moreover, China is far much ahead of India in terms of the fiscal position and the gross domestic product. Nevertheless, India has a potential for growth due to its increasing market share and per capita income. However, the future looks predictable with China’s economy being more predictable than India’s economy. Bibliography Allen, Richard, and To mmasi Daniel. Managing public expenditure: A reference book for transition countries. Paris: OECD, 2001. Bardhan Pranab. Awakening giants, feet of clay assessing the economic rise of China and India. Princeton, N.J.: Princeton University Press, 2010. Chai, Joseph, and Kartik Roy. Economic reform in China and India: development experience in a comparative perspective. Cheltenham: Elgar, 2006. Ekins, Paul. Trade, globalization and sustainability impact assessment: A critical look at methods and outcomes. London, UK: Earth scan, 2009. Hall, Robert, and Marc Lieberman. Microeconomics: principles and applications. Mason, OH: Southwestern, Cengage Learning, 2010. Harrison, Denis, and Szell Gyorgy. Social innovation, the social economy and world economic development: democracy and labour rights in an era of globalization. Frankfurt Main: Lang, 2009. Jovanovich, Miroslav. International handbook on the economics of integration. Cheltenham: Edward Elgar, 2011. Kaufman, Robert. A concise histo ry of Chinese foreign policy. Lanham: Rowman Littlefield, 2010. Moschandreas, Maria. Business economics. London: Business Press, 2000. Saada, Adel. Elasticity: Theory and Applications, Boston, J. Ross Publishing, 2009. Footnotes 1 Bardhan Pranab. Awakening giants, feet of clay assessing the economic rise of China and India. Princeton, N.J.: Princeton University Press, 2010. 2 Robert Kaufman. A concise history of Chinese foreign policy. Lanham: Rowman Littlefield, 2010. 3 Adel Saada. Elasticity: Theory and Applications, Boston, J. Ross Publishing, 2009. 4Richard Allen and Tommasi Daniel. Managing public expenditure: A reference book for transition countries. Paris: OECD, 2001. 5Denis Harrison and Szell Gyorgy. Social innovation, the social economy and world economic development: democracy and labour rights in an era of globalization. Frankfurt Main: Lang, 2009. 6 Miroslav Jovanovich. International handbook on the economics of integration. Cheltenham: Edward Elgar, 2011. 7 Paul Ekin s. Trade, globalization and sustainability impact assessment: A critical look at methods and outcomes. London, UK: Earth scan, 2009. 8 Moschandreas, Maria. Business economics. London: Business Press, 2000. 9 Robert Hall and Marc Lieberman. Microeconomics: principles and applications. Mason, OH: Southwestern, Cengage Learning, 2010. 10 Joseph Chai and Kartik Roy. Economic reform in China and India: development experience in a comparative perspective. Cheltenham: Elgar, 2006.

A Basis for More Concise Wording

A Basis for More Concise Wording A Basis for More Concise Wording A Basis for More Concise Wording By Mark Nichol One clear sign of a sentence that is a candidate for conciseness is the noun basis, especially when it appears in the phrase â€Å"on a/an [blank] basis.† Whenever you are tempted to write such a phrase, or you find as you review a piece of your writing that you have already done so, seek an alternate path. For example, in the sentence â€Å"We conduct an audit of our company on an annual basis,† reduce the phrase â€Å"on an annual basis† by deleting all but the adjective annual and converting it to an adverb: â€Å"We conduct an audit of our company annually.† (The sentence can also be abridged by moving the adjective to modify the first noun in the sentence instead, as in â€Å"We conduct an annual audit of our company.†) If basis evades your vigilance, watch for terms of frequency, such as daily, weekly, and monthly. This solution works for adjectives that generically refer to frequency as well: â€Å"The maintenance crew inspects the structure on a periodic basis† is easily revised to â€Å"The maintenance crew inspects the structure periodically† or â€Å"The maintenance crew periodically inspects the structure.† Sometimes, the revision isn’t so straightforward. For example, the sentence â€Å"He was advised to seek counseling on an ongoing basis† cannot be altered in the format of the first of each pair of revisions above, because ongoing has no adverbial form, although the second alternative is valid: â€Å"He was advised to seek ongoing counseling.† Use of the basis phrase isn’t egregious, and eradicating its every instance is not necessary, but avoid it for the most part, and beware of multiple instances in the same piece of content, especially in proximity. Basis, adopted into English directly from Latin, originally came from Greek, where basis meant â€Å"step.† The sense in Latin and English is â€Å"foundation,† and like its close cousin base, basis is fundamental in English, but it is easily overused, and â€Å"on a/an [blank] basis† can become tiresome, especially in repetition. The same is true of â€Å"in a/an [blank] manner† and similar constructions, which can also be reduced to more concise phrasing. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Writing Basics category, check our popular posts, or choose a related post below:60 Synonyms for â€Å"Walk†15 Types of DocumentsHow to Send Tactful Emails from a Technical Support Desk

Posts Term Paper Example | Topics and Well Written Essays - 500 words

Posts - Term Paper Example to minimize the chances of the researcher moving out of the topic as research based on what the researcher had learnt in the undergraduate course (Carnegie, 1998). Thus this would ease the search for information as the researcher would have all the required source of information. This information would ease efforts to conduct the research than if he/she was researching on a topic not relevant to his/ her degree. I disagree with choosing a topic based on profundity and breadth. The main reason being the requirement is how much evidence the researcher provides. This may be darned much possible for a topic having short profundity and breadth given the researcher is able to gather large quantity of information required to support argument raised. The same study for a topic with large profundity and breath may have immense trouble to accomplish if the researcher is unable to gather enough evidence to support the argument. Data collected during the research may be enough but still fail to satisfy the requirement of the topic researched. Thus the size of the topic being for which research I conducted may not be of substantial necessity in conducting the research. I agree that, to source for a sufficient amount of pertinent information is extremely importance in conducting the study. This evidenced by the fact that for any research being conducted it is a prime requirement to have sufficient information (See, 2012). It evidenced that plenty of information provides enough proof to support the topic under which one is carrying a research. Sufficient information is a crucial aspect to the research, completion of search for pertinent information clearly indicates that one is almost completing the project. This being the most expensive stage of research requires one to purchase several materials, do printing, fill questionnaire and prepare for the presentation. Qualifying the presentation stage shows that the research was successful and thus the information obtained was

Does westernization equal modernity the case of Turkey Research Paper

Does westernization equal modernity the case of Turkey - Research Paper Example Some of the steps considered to have been taken by Ataturk to westernize turkey include the banning of the traditional men’s hat called the fez replacing it with European styled ones, Latin alphabets replaced Arabic writing. He also introduced European calendar and metric systems in place of the Arabic ones. Women could vote and be in charge of offices, and it was illegal for them to wear veils. Other reforms include abolishment of sultanate and Dervish brotherhood, establishment of Islam as the official religion in the constitution deleted and Sunday became the official weekly holiday. The army was reorganized to conform to the patterns of western world such as England. European schools were established in turkey and students sent to countries such as France to help accelerate the rate of westernization (Arslan 134). In the wake of the coup in 1980, the military drafted a constitution proclaiming turkey secular, democratic and parliamentary nation. This is as seen the beginning of westernization of Turkey as this meant the country had opened up itself to the worlds influence (as its primary allies have been the west) politically, socially and security wise. It has even moved to become a candidate of European Union membership. Its relationship with the EU began in 1996 when they formed a custom union, then later becoming a candidate of EU membership in 1999 (Global Edge par. 11). Other economic organizations Turkey has subscribed to include World Trade Organization, European Free Trade Association, United Nations, Black Sea Economic Cooperation, the Council of Europe, the Organization for Economic Cooperation and Development, the Organization for Economic Cooperation and Development, the Organization for Security and Cooperation in Europe and Organization of Islamic Cooperation (Global Edge par. 11). Even though

Plant Growing Lamp Presentation Essay Example for Free

Plant Growing Lamp Presentation Essay Good morning, everybody. Thank you for coming to my short presentation today. Let me introduce myself first. I’m Chris Wong, a medical assistant of Willis Health Centre. I’m very glad today to present to you our team’s proposed product, Dino, a plant growing lamp. My presentation will be covered into three parts. I’ll, first of all, introduce to you the background information about our environment. Next, I’ll explain our proposed product, Dino. Finally, I’ll outline some problems that our team concerned about. Afterwards, there will be a question and answer session. Right, let me start with the background about our environment. In fewer years, do you feel the weather is unexpected? Do you think this is terrible? Do you know why? Let me talk you. Nowadays, human do lots of things to damage our environment is caused the bigger problem, global warming. That why the weather is unexpected. They use lots to things to release the greenhouse gas. It is global issue because the effects are very important. That why we developed this plant growing lamp. Fine, I’ll now explain our proposed Dino. To start with, let’s look at the aesthetic value. This lamp can come with different pattern and color. Most important is it will have some seed inside the lamp. You can choose the pattern and color to match your home design and your home will be more modern. After the plant grows up, it also can offer fresh air. You will have a wonderful environment in the house because it can be a pretty decoration. Now, let’s turn to the user’s needs. The lamp has deep penetrating infrared light. Do you feel tired after a whole working? It can help you to relief pain and stimulate blood circulation. You feel more relax after using Dino. It really can bring you a health benefits. So much for the user’s need and the aesthetic. Let’s now look at the benefits for our company image. As you know, our company directions are focusing on health and environment. I think the health benefits of the user are already to promote our images. For the environment, the lamp is using a bio-degradable material. It is less damaged to our environment and it is very eco-friendly since Dino is also using the recyclable material.

Euthanasia Essay - Assisted Suicide Must be an Option -- Euthanasia Ph

Euthanasia Essay - Assisted Suicide Must be an Option Life is a precious gift. Humans have the ability to decide how their lives are to be lived. In the United States, people can legally control to a limited extent their death. In a living will, a person can request that extraordinary life sustaining measures be withheld in terminal medical condition. However, the abrupt ending of a life via assisted suicide is controversial. Should people be allowed to take their own lives when facing a painful and prolonged ending? I believe that they should have that option. Euthanasia, or mercy killing, can be defined as the "intentional termination of life by another at the explicit request of the person who dies" (Euthanasia). The infamous Dr. Kevorkian is known for assisting many people in their suicides. He was eventually tried and convicted for his role in this area. What crime did he commit? The people whom he assisted sought him out to help them have a calm and peaceful death under their own control. During Dr. Kevorkian's trial, questions were raised suggesting ...

Operative Report

OPERATIVE REPORT Patient Name: Benjamin Engelhart Patient ID: 112592DOB: 10/5Age: 46Sex: M Date of Admission: 11/15 Date of Procedure: 11/15 Admitting Physician: Bernard Caster, MD Surgeon: Bernard Caster, MD Assistant: Jason Wagner, PAC Circulating Nurse: Jimmy Dale Jet, RN Preoperative Diagnosis: Acute Appendicitis Postoperative Diagnosis: Perforated Appendicitis Operative Procedure: Laparoscopic Appendectomy Placement of right lower quadrant drain Anesthesia: General Endotracheal tube anesthesia Specimen Removed: One lacrotic appendix IV Fluids: 1700 ml Chrystaloid Estimated Blood Loss: 10 ml Urine Output: 300 mlComplications: None INDICATIONS: This gentlemen is 46 years-old Caucasian male with 3 days history of abdominal pain, however over past 24 hours his pain has located to the right lower quadrant and caused a significant amount of anorexia, he presented to the emergency dept. CT scan of abdomen and levis revealed acute appendicitis, lab showed a WBC count of 13, the laparosc opic appendectomy was explained along with the risks, benefits and possible complications. Patients voiced his desire to proceed. Patient was started on pre-op gentamicin. DESCRIPTION OF PROCEDURE: The patient was identified x2 in the preoperative holding area. Continue) OPERATIVE REPORT Patient Name: Benjamin Engelhart Patient ID: 112592 Date of Procedure: 11/15 Page 2 The final timeout was held with the nursing, anesthesia, and the surgical service during which the patient ID was confirmed and his surgical sight was initialed. He was given preoperative antibiotics. He was taken back to the operating room and placed in supine position. General ET anesthesia was induced. SED’s were placed on his lower extremities. His left arm was tucked at his side. A Foley catheter was placed. His abdomen was shaved, prepped with betadine solution and draped in the usual standard fashion.

An Occurrence at Owl Creek Bridge Analysis

Jacob Wilson 14 February 2013 Professor Horan The Bold Farquhar Ambrose Bierce allows the reader to have a glimpse of Peyton Farquhar’s character, while he is on a bridge being prepared to hang by Union soldiers. Farquhar is portrayed as a wealthy, high-class planation owner who is receiving punishment for attempting to destroy the Owl Creek Bridge. While Farquhar does not have an actual affiliation with the Confederate Army due to his high social rank, he does have a prideful obsession with pursuing glory; he only desires the praise that comes with differentiating himself from the rest.Peyton Farquhar is illustrated as a â€Å"well-to-do planter, of an old and highly respected Alabama family. † All of the joys associated with wealth, property, and political power are his, thus he yearns to be recognized as going the extra mile. The simple phrase â€Å"opportunity for distinction† summarizes the meaning behind his quest for even more fame. Peyton will use all res ources available to accomplish this desire. When the â€Å"larger than life† soldier, Peyton Farquhar, is sitting with his wife on his property, an exciting opportunity presents itself following a conversation with a Confederate soldier in disguise.Farquhar is tempted to pursue an honorable act, and that he does. After the soldier explains the situation, Farquhar smiles as he ponders the opportunity, â€Å"Suppose a man—a civilian and student of hanging – should elude the picket post and perhaps get the better of the sentinel . . . what could he accomplish? † The chance of delaying the northern troops is too great a temptation for Peyton to resist. The conceited politician reveals his true pursuit: glory and honor. The wealthy civilian immediately decides to burn the bridge.Farquhar may have better protected his livelihood had he not been so enthused to destroy the bridge. As it turns out, â€Å"That opportunity, he felt, would come, as it comes to all i n war time. Meanwhile he did what he could. No service was too humble for him to perform in aid of the South, no adventure too perilous for him to undertake if consistent with the character of a civilian who was at heart a soldier†. So great was his devotion to the South and his chase for prominence that nothing could get in his way. Armed with a plethora of pride and a fearless spirit, Farquhar is apprehended while attempting to destroy the bridge.The reader is continually reminded of Farquhar’s bravado. He perceives himself well in every aspect that defines a superior human. During the period Farquhar constructs from imagination his escape, while he in is the creek, he praises his accurate shooting. While his method is very sly, upon further investigation it is also very boastful. â€Å"He observed that it was a grey eye and remembered having read that grey eyes were keenest, and that all famous marksmen had them. Nevertheless, this one had missed. † Early in t he story Bierce specifically recognizes that Farquhar has grey eyes.Though it be discreet, it is yet another charge in favor of his selfish pride. The physical features of a man in his mid-thirties are not expected to be pristine, although Farquhar would qualify as an exception. Specific detail is added in two paragraphs deciphering every aspect of his superiority. It is comical that Farquhar is simply experiencing a daydream. Nonetheless, minute details are thought up in his head. â€Å"He was now in full possession of his physical senses. They were, indeed, preternaturally keen and alert.Something in the awful disturbance of his organic system had so exalted and refined them that they made record of things never before perceived. He felt ripples upon the face . . . saw the individual trees, the leaves and veining of each leaf—saw the very insects upon them . . . The humming of the knats that danced above the eddies. † The details may have been so easily described due to a mass of emotions rushing through the brain of the one to be executed, but a large piece of boastfulness again presents itself by the confidence and belief Farquhar still possesses at this point.

Shakespeare Modernized essays

Shakespeare Modernized essays When comparing the movie version of Romeo and Juliet directed by Baz Luhrmann, and the original Shakespeare text, many differences are evident. Baz Luhrmann has modernized the original text, making it appeal to a 21st Century audience. While the movie version tends to position the audience differently, it persists to echo the spirit and enthusiasm of the original. The movie version foregrounds contrasting values, attitudes and beliefs from those of William Shakespeares play (who was writing for a 16th century audience). Baz Luhrmann was directing the movie for modern-day society, and he has chosen to remove certain events from the movie; roles and relationships have also been changed for this same reason. The portrayal of events in the movie has dramatically changed to echo the social and cultural context of modern day. The values, attitudes and beliefs that Baz Luhrmann highlights are a great deal different to those foregrounded by William Shakespeare. One main difference in the play, comparing to the movie, is the amount of respect for her parents by Juliet. In the 16th century (Romeo and Juliet was first written and acted in 1595) the father of the family made all decisions regarding members of the immediate family, and their actions. These decisions were almost never defied, only in very extreme circumstances. The way Baz Luhrmann overcame this problem, was to give Mr. Fulgencio Capulet the personality of an overpowering, controlling corporate figure. This gives him the opportunity to boss his daughter and wife around, usually without defiance. This aspect of domestic violence would be familiar with many viewers, from watching police drama shows on television, such as The Bill. Society currently has entirely different attitudes about the age for relationships, and marriage. In William Shakespe ares time it was appropriate (and quite standard) to marry at the age of 14 or 15, whereas in present times this i...

Australian Prudential Regulation Authority

In parison to other countries or other industries, Australia has knowledgeable main variations to its monetary and economic system in new periods. The  Australian  monetary organization  contains of the preparations cover the appropriate taking money and lending of funds and the transmission of possession of monetary rights in Australia which consists of the derivative business places, insurance, banks, credit unions, debt and equity market. The clear result has been an alteration in the Australian mercial and business organization from a paratively locked, monotonous assembly in the 1950s and 1960s, based mainly on historical bank connection, to a more exposed and modest organization and are offering or giving various types of services or offerings in parison with any other industries. The financial or the monetary system   is being driven by the forces of the fair or the market which is solely dependent on the economy of the market and what the market needs. A procedure ana logous to that understood in Australia has remained experimental and broadly deliberated in the United States underneath the general caption ‘the deterioration in outdate investment and banking. Amid the assortment of inspirations on monetary-sector expansion, three chief services can be tinted. The first can be said as the part of monetary controlling strategy, to an significant gradation, formed the prehensive tendencies in groups’ marketplace shares in fresh periods. There were many development in the system due to progressive technology   and due to this plummeting the price of many knowledge oriented monetary doings and also new products and activities are available. System possessions more than crumpled as a relation to GDP among the 1960s and 1990s, with abundant of that development occurring in the instant post-deregulation retro in the additional half of the 1980s.A major part of the monetary system, and widely examined away, was the recognition prosperous wh ich shadowed monetary deregulation. This singularity, and its munication with economic progresses in the 1980s, underwrote to development of the monetary segment in an amount of methods. Influence within the Australian business sector has conventionally been moderately little, and this remnants the circumstance despite a considerable surge in corporate copying in the late 1980s. The debt to equity ratio is paratively same with pared to other countries like United States, Japan and other countries. Till the 1950s, monetary intermediation was mainly identical with investment and banking. We can also see that, until the 1950s, monetary intermediation was principally identical with banking. Finance business was fundamentally a low-risk proposal showed at controlled values and fees.. The mercial transaction or better known as banking business in  Australia  contains of a number of banks approved   and qualified to carry on investment and banking business under the  Banking Act 1959, distant banks approved to function through a subdivision in Australia. While conversation of the u ing construction of the investment or the banking industry was to a large gradation hypothetical, the Group was interested in explanations that some contributors in the business anticipated a major and a vast charge in the near future. In contradiction of the contextual of these expansions, banks have their mark increasingly on the mushrooming retirement and funds-management subdivision as a possib le long-term counterbalance to these pressions and burdens. We can say as an example approx. $40 billion, or 15 per cent of retirement possessions or properties are presently held as bank safeties or credits with economic establishments, a momentous amount of these organisations’ accountability base. The banks undoubtedly know that there are pensations and advantages to be increased from joining and uniting their connection part with funds-management activities, and have strapped for payment of more through participation in retirement time, and in recent times there has been overall introduction of investments   or funds in over the counter. The  banking sector in  Australia  contains of a number of banks approved   and qualified to carry on investment and banking business under the  Banking Act 1959, distant banks licensed to function through a subdivision in Australia, and Australian-incorporated foreign bank panies. Various organisations like mutual funds, credit unions provide banking facilities. Officially, there is widespread and detailed regulation of Australia's banking system, split mostly between the  Australian Prudential Regulation Authority  (APRA) and  Australian Securities and Investments mission  (ASICAustralia Reserve bank plays a   significant participation. Though, in repetition, Australian banks are autonomous and are regulated by themselves through External Dispute Resolution (EDR) arrangements, the most protuberant is the  Financial Ombudsman Service (Australia)  (FOS). The ASIC is responsible for the integrity and the prosperity of the financial organisations. The fast growt h of banks' national financial statements – which have full-grown at an regular yearly rate of 13  per  cent meanwhile from 1985 – and both the demand and supply factors and introduction are introduced. Currently there are 53 banks which are functioning in Australia, and in those 54, 14 are owned by the country. In totalling to the four major banks, there is a collection of five Australian-owned banks occasionally denoted to as the ‘regionals’, sparkling their innovative emphasis mainly on the retail sector. The Banking system or methods of Australia in the history was one of determined country for legality, not so prosperous, broken and public bitterness. With the flow of past 15 years, each of the four main Australian banks, while obeying with the progressively severe supplies of controlling figures, testified at least one main monetary blooper. A one-off simplification of limitations on foreign bank admission in the mid-1980s, and the additional exp osed policy of entry accepted in the early 1990s, saw the overseas bank attendance increase, in part at the expenditure of the mercantile sectors of bank The   banking organisation has literally struggled to achieve great success overtime. Three main administration investigations into banking were showed in Australia between 1981 and 1996. It gave lawfulness for both the administrations and the banks; for administrations since the very establishment of an investigation established an obligation to answerability and munity concentration questions. Banks are also topic to duties under the  Anti-Money Laundering and Counter-Terrorism Financing Act 2006  as "reporting entities†. Until the 1980s, recognition unions and construction societies produced muscularly, largely because they were subject to rarer guidelines than banks – in 1985, there were 60 building societies and 400 credit unions effective in Australia. Banks confronted slight modest heaviness from other organisations, where rapid development had not started yet, and the organization was not exposed to foreign bank entrance or to offshore munications. Banks went through an extended period of declining market share during the 1960s and 1970s, when equivalent advantages were made by non-bank monetary mediators, particularly construction societies, economics corporations, mercial banks. A huge amount of considerable growth of non-bank monetary organizations (NBFIs) not united to the national investment subdivision. In some of the cases, these organizations were possessed by distant banks that required a monetary attendance in Australia but were prohibited from founding a proper and prescribed mericialprocess by the real suspension on new foreign banking establishments before 1985. A one-off simplification of limitations on foreign bank admission in the mid-1980s, and the additional exposed policy of entry accepted in the early 1990s, s aw the overseas bank attendance increase, in part at the expenditure of the mercantile sectors of bank. Two overseas organisations functioned uninterruptedly as official banks in Australia in the post-war period prior to 1985.17 The nonappearance of a wider overseas banking attendance reproduced the suspension on distant bank entry, deliberated beforehand. The appearance of a ‘distant bank presence’ in Australia in the nonappearance of ‘official foreign banks’ signifies what, with retrospection, seems to give the novel method to the meaning of banks and non-banks inside the Banking Act 1959. The experience of having the overseas or the foreign banks response is quite neutral. The new entries are quite petitive in nature. On the prehensive part, foreign banks sustained their mercial banking’ doings and in that domain were pioneering in merchandise progress and in monetary and derivative markets. At the end it is being noticed that the foreign banks w ere not able to make an influence or impression on the central place of the Australian banks in the merchandising and saleable market, where huge client permissions or branches had been recognized through widespread division systems. Foreign banks were heartened to smear for approval anywhere and in any amount, on condition that they met the entrance necessities, they were allowed to assume either secondary or subdivision constructions (Brian, 2005) Many overseas banks were against this but the rule was not changed and was universal. From 1992 the number of entries of foreign banks increased simultaneously (Henry, 2011) Inclusive, though, the happenings of external banks continued paratively unimportant likened to the long recognized Australian banks. Respective part of lending and borrowing system resources rose to 14 per cent by 1996 as a consequence of fresh entrants but with only slight exclusions, their doings continued profoundly absorbed on extensive or recognized marketplaces (Financial stability review , 2006) Australia is placed as the ninth main as exchange fair in dollars or any overseas country and the sixth principal interest rate futures market in the creation.   Foreign banks as a group were the firmest hit with losses totalling to 30 per cent of their capital in 1990 alone. Among 1986 and 1990, collective foreign bank sufferers engrossed an quantity equal to their original start-up capital. The risks can be faced by the foreign banks by opening branch in Australia can be the credit, liquidity, business risks. "Australia's main banks have been mounting their CRE contacts self-effac ingly  in new year’s, and are thus susceptible to the dangers from developed jobs rates in Brisbane and Perth and payment risks from a potential  residential apartment oversupply in Sydney, Melbourne and Brisbane," says  Maadhavi Ramanayake, a Moody's Associate Analyst. – As seen, the Reserve Bank's threat organisation rule covers financial marketplace, credit, operative and other risks characteristic in resounding out its main banking actions, but not the risks linked with the Bank's core economic, economic solidity and outgoings procedure occupations.  It is debatable whether a foreign bank facing plications would deliver or say all its issues to the Reserve bank   thereby providing an chance for early action by the Reserve Bank. Correspondingly, it would be both difficult and luxurious for the Reserve Bank to display the processes of a foreign bank with an Australian division to measure for itself the risk of that bank being incapable to meet its duties (I rvine, 2007) After all the permutations and binations and seeing all the risks the country would face by the banks set up or vice versa, Brilliant bank   would now apply for the banking license in Australia. It’s not easy to get a banking license. To function as an ADI in Australia, the potential licensee must get a banking license from the Australian Provident Regulatory Authority. It may take a long term or rather many years and, as the governmental group boom notes does not e as a very user friendly process for the new ones. The applicants applying for it will actually need to satisfy the capital requirements that is the minimum capital that is required. To operate as a bank, fort ing interviewees need at least $50 million in Tier 1 Capital or largely mon equity. Candidates suggesting to function as banks must have a smallest of $50 million in Tier 1 capital. Supplementary, on an on-going basis, ADIs must grip controlling capital equivalent to at least eight per cent of total risk bia sed assets; However, the group points out, new ADIs can be subjected to advanced least capital necessities in their influential years and various liquidity issues also needs to be fulfilled with other areas like corporate governance and others. The International Monetary Fund’s Financial System Stability Assessment (FSSA) can undertake another fence to arriving the local banking subdivision. All the stockholders of the applicant or the person making the application must show or rather be well established, financially very sound and they would also prove that the cooperation or the tie up would be a long term arrangement. Where essential, candidates will be predictable to provide APRA with approval to pursue particulars in this respect. Candidates internal control and risk management strategies must be appropriate to satisfy to the obtainment of license. The shareholders should be fit and utmost proper to qualify and they must contribute to the capital if there is any requirem ent in the future. The guidelines which is set by the APRA should be submitted in time otherwise it would lead to disqualification, when an existing applicant who is about to mence its banking operations is not having any resources or contacts, then the individual is expected to build the contact as soon as possible to conduct the operations. ADRA has full authority to ask and want any document at any time. Discussion between the APRA and the individual wanted to conduct banking operations A drag application must be sent properly. APRA will review and go through the application that is made by the applicant. He will therefore discuss with the seniors and other staffs regarding the application It will therefore will take 12-15 months to process, provide there are exceptions which can delay the submission that is some i plete documentation will actually extend days , a corporation may be by default may extend days to resolve some issue or due tony mishap the date can be stretched. APRA inspires all potential candidates to municate it as early as conceivable throughout their development procedure to discuss their determination to smear for an agreement. APRsubsidiary of a non-operating holding corporation (NOHC) that does not have NOHC specialist under the Act. APRA expects all candidates to be able to obey with its sensible necessities, as set out in numerous sensible morals, from the beginning of the dealings in banking (Australian prudential, 2016). Candidates suggesting to function as banks must have a smallest of $50 million in Tier 1 capital. Australia's banking corporation has arose from the GFC in a moderately robust situation. Its standing internationally has been heightened. Proper consumer protection and welfare measures are seen at a broader level and implemented properly. petition with stability are being maintained.   A harmless and unchanging banking system is a serious constituent of the country's financial organization. The administration and the makers of the policy are bringing changes and are very positive for the economy. An important example from previous controlling policy knowledge was that guidelines inclined to break depressed where they positioned false restraints on petition amongst organisations performance fundamentally similar purposes. The banks have an understanding that joining their mon role with money arrangement activities, and have strapped for payment of more straight connection in retirement time, including   presentation a range of over-the-counter speculation products in years yet t o e (Smith, 2016) Brian, G. (2005).The evolving structure of Australian financial system. Retreived 03 Jan 2016   from https://www.rba.gov.au/publications/confs/1996/pdf/edey-gray.pdf Henry, K. (2011).Australian system. Retreived 03 Jan 2016   from https://www.treasury.gov.au/PublicationsAndMedia/Publications/2011/Economic-Roundup-Issue-1/Report/The-Australian-banking-system-challenges-in-the-post-global-financial-crisis-environment Financial Stability review. (2006).Australian system. Retreived 03 Jan 2016   from https://www.rba.gov.au/publications/fsr/2006/mar/struct-aus-fin-sys.html Irvine, H. (2007).Australian bank. Retreived 03 Jan 2016   from https://ro.uow.edu.au/cgi/viewcontent.cgi?article=1347&context mpapers Smith, M. (2016).Australian banking license. Retreived 03 Jan 2016   from https://finsia /news/news-article/2016/12/08/how-to-get-a-banking-license Australian Prudential Regulation Authority. (2016).Australian banking license. Retreived 03 Jan 2016   from https://www.apra.gov.au/adi/Documents/ADI-Guidelines-11-4-081.pdf

Influences of communism in Amerian culture Essay

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Medical Ethics and Duty of care Essay Example | Topics and Well Written Essays - 1000 words

Medical Ethics and Duty of care - Essay Example Persons who owe a duty of care to others must exercise â€Å"reasonable care in the circumstances†. In making an assessment about the circumstances, there are two standards that may be applied from the perspective of doctors (a) an objective standard that is based upon independent standards expected by doctors in general and (b) a subjective element, that is dependent on the individual case, such as for example in an emergency where a doctor may be faced with a personal without the personal capacity to express consent and will be forced to take a decision based upon the circumstances of the particular case. For example, in assessing whether there has been a breach of duty of care, if there is a likelihood that harm will occur, the doctor will be expected to take more precautions.1 Similarly, if the seriousness of the injuries are greater, the defendant doctor will be expected to take greater precautions.2 The Bolam test3 also imputes a higher level of professional liability and standard of care that is expected from a person such as a doctor who professes himself to the best in his field of expertise.

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The American Exchange - Term Paper Example The American exchange was influenced not only by Europe and Africa, but also by Asia. Moreover, it had an effect on the Asian commerce. The American exchange not only led to commercial growth but also had impacts on environmental and demographic changes1. Discussion Colonialism had a great impact on the American exchange between 1500 and 1800. The kingdoms of Great Britain, Portugal, Spain, France and Dutch each sought to gather wealth for their countries through colonies and advantageous oversees trading arrangements2. This also involved frustrating ambitious rivals from doing the same. In the American exchange, America was the colony, which included the entire western hemisphere. This area attracted a lot of interest because of the sugar islands of West Indies and the silver mines located in New Spain and Peru3. The triangular trade between America, Europe and Africa marked the beginning of the American exchange. According to this triangle, colonies from eastern America furnished t he raw materials while West Africa provided the labor needed to produce these raw materials. The mother country would in turn ship these manufactured products to both countries, that is, America and Africa. This partly led to the American Revolution as they protested against the colonial countries as they took raw materials from them, made them into finished products and then sold them at higher prices4. The Atlantic commerce paradigm takes into account coastal inhabitants of the three continents as they exchanged people and goods. In the Atlantic scheme, historians look at the contribution of the African kingdoms to the slave trade with Africans comprising a higher number of transatlantic immigrants compared to Europeans. The Atlantic commerce scheme also takes into account the Indian nations. The Indians supplied the American regions with skins and fur while they consumed manufactured goods and alcohol from the American regions. The Indian nations also introduced new agricultural products to the American farmers. Indian populations were also an important source of cultural identity and labor in some American regions. The Indians were able, until eighteenth century, to keep the colonialists at the coastal regions and away from the American continent5. Short-term consequences of American exchange The commercial system that existed at this period, with America producing the raw materials and colonial government selling them the finished products, led to the American Revolution. This was mainly due to the taxes on products such as tea, British manufactured goods and sugar products. There were protests by the consumers of the products6. The consumers could relate to the problems associated with goods from the empire. They were seen as a means of the colonial government exerting their rule on the American region. This was especially problematic considering they did not have representation in parliament back in London. Their mass consumption led to resisting of sta mp, sugar and Townshend acts7. They also boycotted tea and pledged non-importation, ultimately declaring independence. The principle of demand and supply is credited as responsible for the revolution and independence as it placed them at par with the colonial governments. The American colonies mobilized in an attempt to put an end to imperial state meddling, which would

The Nature And Characteristics Of Australian Smes Business Essay

The Nature And Characteristics Of Australian Smes Business Essay The term Small and Medium Enterprises (SMEs) is used to collectively group micro, small and medium-sized business (Schaper Volery 2007). In order to be classed as an SME, the Australian Bureau of Statistics (ABS) requires that the business be independently owned and managed by an individual or small number of persons as wells as employ less than 199 staff (ABS 2001). In addition to this, typical SMEs share other similar characteristics such as start-up finance is generally provided by the owner, they hold a limited market share and have a limited life span, they earn low levels of net profit and they a most often a family business (Schaper Volery 2007). SMEs play a vital role in the Australian economy as they account for more than 95% of business and provide a significant proportion of national employment (OECD 2000). SMEs also play an important role as market makers. They increase the level of competition within the market, encourage innovation and development of goods and services as well as provide specialised products and services for niche markets (Schaper Volery 2007).Without SMEs there would be limited competition and high prices for consumers. As at June 2007 there were 2,011,770 actively trading businesses in Australia (ABS 2007), of which 98% were SMEs. A key trend in the Australian business environment has been the increasing number of non-employing-single operators, with now 58% of businesses not employing any staff (ABS 2004, 2007). Home based businesses make up a very large proportion of these businesses. The remained of the SMEs is made up of 26% micro businesses, those with less than 4 employees, 12% small businesses and medium businesses hold a share of 4%. 2 Factors influencing SMEs success and failure The nature of SME operations in Australia is that every year there are many start-ups and almost as many failures. During the 2006-07 financial year the rate of entry for new businesses into the market was 17% while the exit rate was at 14.6% (ABS 2007). Of the businesses that remain in the market, ABS (2007) data shows that only four in 10 businesses were remain in operation after 4 years. Recent studies on SMEs have identified five main factors influencing SME success and failure are financing, marketing, production, personnel and personal (Schaper Volery 2007). Yusaf (1995) places high importance on the personal factor, and states that the success and failure of an SME can often be attributed to the owner, depending on the level of their management skills. Owners with strong skills are able to develop and affect business plans, employ appropriate staff for the business, as well as accurately maintain records and control finances (Yusaf 1995). Personal qualities and traits such as self-confidence, perseverance and the ability to cope with stress and maintain a work-life balance are also considered very important (Schaper Volery 200). Finance is a significant issue for SMEs because insufficient capital combined with poor cash flows makes it difficult to establish, maintain and expand a business. Effective marketing is also an essential element of business success or failure because it strongly impacts on the firms ability to attract clientele (Cromie 1991; Yusaf 1995.Production refers the physical premises, quality of the products and services produced the ability to obtain supplies. It is essential when establishing a business that extensive market research is undertaken when selecting location and time and effort are given in order to develop business relationships. Quality personnel are essential for successful businesses however, as previously mentioned, this requires the owner to have sufficient management skills is order to recruit and retain qualified staff. A recent study conducted by the New Zealand Ministry of Economic Development (2005) also found that the use of business plans increased the rate of business success. This is because the development of a business plan provides clarity of direction, encourages goal setting, provides a holistic perspective on the firm and encourages entrepreneurs to fully research their ideas before making significant investments into the business (Schaper Volery 2007). However, despite this, research shows that the majority of Australian businesses do not undertake this type of planning (Schaper Volery 2007) 3 Leadership/Entrepreneurs 3.1 Characteristics of Successful Entrepreneurs Entrepreneurship is the process brought about by individuals, of identifying new opportunities and converting them into marketable products or services (Schaper Volery 2007, p. 4). While there are many entrepreneurs in the market place, only a handful of them are successful in their pursuits. According to Schaper and Volery (2007) there is an endless list of characteristics and traits that are often attributed to successful entrepreneurs, however research has shown that of these, only three have shown a high level of validity. These three characteristics include the need for achievement; an internal locus of control; and a risk-taking propensity (Gartner 1985). The need for achievement is important because it means that the entrepreneur has an overarching desire to excel or succeed in their undertakings (Schaper Volery 2007). Entrepreneurs also need a strong internal locus of control in order to remain positive and continue working, even in adverse situations. A risk-taking propensity is essential characteristic because without it, they may not be willing to pursue and undertake opportunities when they arise. 3.2 Janine Allis Janine Allis is the founder and managing director of the Australian company, Boost Juice. From what started as single store in Adelaide, Boost Juice has grown to 180 outlets within Australia and a further 50 in Singapore, South Africa and Britain (Boost Juice 2010). This year, the company is expected to post revenue in excess of $130 million and a net profit of around $10 million (Thomson 2010). Janine Allis, through her desire to establish her own business has become one of Australias leading entrepreneurs. The process Janine took in developing the Boost Juice concept mirrors the aforementioned definition of entrepreneurship. Prior to developing her product she reviewed the retail market to identify an unfulfilled consumer need, which she found to be a lack of healthy fast foods (Boost Juice 2010). It wasnt until after investigating several other products and a trip to America, where she was exposed to the fresh juice and smoothie concept, she developed a product the Boost juice concept for the Australian market (Ovations 2008). From the outset Janine demonstrated a strong need for achievement. According to an interview in the Australian Business Review (2010), Janine Allis is quoted as saying, I never had intention of opening just 1 store, hence why we opened the first one in Adelaide. We always had bigger plans to have world domination. Her unyielding commitment and perseverance as well as her strong internal locus of control have contributed to the success of the business. Prior to establishing Boost Juice, Janine had not previously run her own company but was confident in herself and her concept that she was willing to invest her familys financial future in her business (Elder 2004). However Janine also understood the need to transfer the risk of operating a business to other parties, and in 2010 sold a 70% stake in the company for to a US private equity firm (Thomson 2010). Based on these demonstrated characteristics and traits, Janine Allis should be considered a successful Australian entrepreneur. 4. Analysing opportunities and developing a framework for business 4.1 Nature of the fitness industry Demand for health and fitness services has, for the past five years, increased annually with approximately 1.6 million Australians (8%) now using or holding a membership to a gym (ABS 2008). Research into health and fitness trends attributes the increased membership rates to improved awareness of the health risks associated with modern lifestyle choices as well as reductions in leisure time and the availability of private recreation areas (Diabetes NSW 2010; Sydney Morning Herald 2003). The Australian fitness industry is currently undergoing significant change is response to changing consumer needs. Kirby-Brown and Hall (2010) identified three major trends that are now redefining gym standards and practices. The first trend, referred to as nowism, is a reference to values and attitudes displayed by Generation Y. The main impact of this societal attitude has on health and fitness centres is on membership structure. Patrons do not want to be locked into but instead prefer pay-as-you-go or no minimum term contracts. The second key trend is personalisation, which proposes a major step away from traditional large gym models towards more boutique structures. This is the market that the Breeze Fitness Studio is attempting to capture. The boutique gym caters to time poor professionals who require flexibility and not predetermined schedules; patrons who would prefer alternative exercise forms; and those who do not feel comfortable in the traditional gym environment (The Age, 2003). The boutique gym model also provides a more flexible structure because when workouts become unfashionable they are no holding large quantities of expensive equipment, purpose-built rooms or an inflexible class schedule (Kirby-Brown Hall 2010; The Age 2003). These factors all positively indicate towards the viability of establishing a boutique fitness centre. 4.2 Viability of Breeze Legal Structure There are four main types of legal structures used in SMEs, Sole trader, Partnerships, Companies and Trusts. The most commonly used form is Sole trader. In this type of structure the business is not considered a separate legal entity, which means business profits are taxed at the marginal tax rate of the owner and that owner is personally responsible for all of the liabilities of the business (Schaper Volery 2007). However this structure is simple and inexpensive to establish. A partnership is an arrangement between two or more people to start a business and legally share the profits, risks and losses according to the terms set out in the partnership contracts (DEEDI 2009). The main disadvantages of this form are the loss of control and that, like sole traders, there is unlimited liability. The company structure is a legal entity separate from the owner, which provides for limited liability and separate taxation of business earnings (Schaper Volery 2009). Compared to the other two structures, it is more costly to establish a company. A trust is a structure where the business is transferre d to a third party who has legal control and has a duty to run that business to benefit someone else (DEEDI 2009). This structure, while providing tax minimisation, is complex and costly by nature (DEEDI 2009. Of these four structures, a Proprietary Limited Company is most suitable for Breeze Health and Fitness. While this structure requires higher costs to maintain due periodic reporting to ASIC, the benefits received outweigh this. With a high level of expected profit forecast for the business, it is not economically feasible to have this taxed at the marginal tax rate of 45%, when the company tax rate is considerably lower at 30%. The other key reason for the use of the company structure is the access to limited liability. The owner does not wish to have their personal financial assets placed unnecessarily at risk, as would be in the case in a sole trader and partnership arrangement. 4.2.2 Market Size It is proposed that Breeze Fitness Studio be established in Toowoomba, Queensland. Recent economic reports put together by the Toowoomba Regional Council (TRC) show that there is strong market for health and fitness to support the establishment of the Breeze Fitness Studio. The 2010 Economic Report compiled by the TRC shows that demand for arts and recreation services has grown 14.8% in the past financial year, compared to the negative average growth of 3% for the state. In 2007 recreation services had a combined annual turnover $60.7 million, with the average annual business turnover being $243,800p.a (TRC 2010). The current female population in Toowoomba and surrounding local areas, aged between 20 and 55 is 33,267 (ABS 2006). With approximately 8% of the population holding or using gym memberships, the market size is expect to be around 2660. The characteristics of the market support the establishment of Breeze Fitness Studio. 4.2.3 Target Market According to Cooper (1993) the target market needs to be an attractive market where the competition is weak, there is potential growth, there are only few players and the customer base has an unsatisfied need for a particular product. After an evaluation of the current market in Toowoomba revealed two distinct and complimentary markets which will both be targeted by Breeze Fitness Studio. Currently there are no female-only fitness centres located in the Toowoomba Central Business District. This is a very profitable market because, if the product is tailored correctly, there is a large population of professional women who work in the vicinity. With the current health focus for professionals, there is an established need for Breeze Fitness Studio. The profile for this market is shown in the table below. Table 1: Characteristics of Target Market 1 Base Descriptor Justification Geographic Region or area   Toowoomba CBD Demographic Gender Female Psychographic Lifestyle Busy lifestyle, want to maintain health is a convenient manner The other potential market that was identified was that there are only a small number of gyms offering alternative fitness programs aimed at young females who are not content with standard gym offerings. Their profile is outlined below. Table 2: Characteristics of Target Market 2 Base Descriptor Justification Demographic Gender Female Income High Disposable Income Age 18-30 Psychographic Lifestyle Interested in maintaining a healthy lifestyle but are not contempt with standard exercises offered at gyms. 4.2.4 Nature of Product Kotlers three levels of product are used to understand how a customer views a product and service. The most basic level of a product is its core, which is what is the customer buying? Breeze Fitness Studio offers it members womens-only health and fitness. This can be seen as a transformational product because women who join are not just purchasing a gym membership they are purchasing a new lease on life, self-esteem and a release from the stresses of everyday life. The second level of product is referred to as the actual product, and these are the things that need to be provided in order to achieve the core benefit. For Breeze Fitness Studio the actual product is characterised by high levels of customer service, a wide and varying array of programs, qualified staff, appearance of the staff and quality equipment. The final level of product, the augmented product, is the additional benefits the customer receives from purchasing this product. Augmented product for Breeze includes flexible membership options and the packaging as well as personalised service. For a visual representation of the three levels of the Breeze Fitness Studio Product, please see Appendix 1. 4.2.5 Competitive Edge/Unique Selling Proposition Due to the use of multi-segmented targeting, Breeze Fitness Studio will use two different Unique Selling Propositions. For the first target market Breeze will focus on differentiating themselves from competitors by convenience of location and high levels of personal attention not offered at large fitness centres. As the gym is aimed at professional women, who are often under considerable time constraints, workouts will be structured on achieving maximum benefits in minimum time. To attract the younger market, Breeze will market the uniqueness of its alternative fitness programs. Breeze will be the only fitness centre offering Juakri and Silks, in addition to Bikram Yoga and Pole Fitness. 4.2.6 Finance Breeze Fitness Studio will be financed through personal savings of the owner, a loan from family as well as a loan from business angel, Lee Gend. It is estimated that the initial costs involved in establishing the business will amount to $102,500. These costs are funding are broken down in detail in Appendix 2. The expected start up costs take into account the cost of fit out of the premises, the costs associated with establishing and registering a company with ASIC, the cost of equipment for the studio, the initial marketing of the centre and a margin for incidental costs. Working capital of $15,000 is required to pay bills and wages that occur before the centre is opened. The loans from Lee Gend and the owners parents will be repaid over a period of 2 years at a fixed interest rate of 7%. The breakdown of loan repayments is shown below. Table 3: Loan Repayment Schedule Terms 2 years, 7% Total Cost Monthly Repayment Loan from Parents 22898 954 Loan from Lee Gend 37210 1550 Total Monthly Repayment 2505 Total Annual Repayment 30054 Membership levels for Breeze Fitness Studio has been based on an initial membership base of 100, which is to be achieved in the membership presale, with a growth rate of 7% per month for the first year, which is in line with industry standards. It is expected by the end of the first year the membership base will level out. Wages for the year have been calculated on the basis of one full-time staff member, 2 part-time staff and 2 casuals, using the industry award. It is estimated that wages in the first year will be $82,500. Breeze Fitness Studio will be located in the Toowoomba CBD and the lease costs for this property are $66,000 per year (Ray White 2010). This rate is consistent with other comparable CBD locations. Insurance costs for the studio have been estimated at $5500 p.a. An allowance of $10,000 has been set aside to cover phone and internet bells, equipment replacement costs, accountant and solicitor fees and other incidentals. Using this data, it is projected that Breeze Fitness Studio will earn a net profit of $16,403 in its first year of operation. A breakdown of this is shown in the profit and loss statement below. Breeze Fitness Studio Profit and Loss Statement For Year Ended 31 December 2011 Revenue Membership Fees 210457 Less Expenses Loan Repayments 30054 Property Lease 66000 Wages 82500 Insurance 5500 Other Expenses 10000 194054 Net Profit 16403 6. 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