American Idiot by Green Day free essay sample

Experiencing childhood in Malaysia isn't really simple. With nearby books, grown-ups and the administration attempting to persuade kids how great, how extraordinary, how astounding our nation is the point at which you know else; it never is. You get this feeling of dissatisfaction when individuals are attempting to persuade you how immaculate it is. Be that as it may, it never is great, right? With respect as far as anyone is concerned, not one thing in existence is great. Tuning in to American Idiot by Green Day, I had the option to relate. Particularly since I turned into a young person not long ago. I began to think†¦ in an unexpected way. The collection helped me experience everything. American Idiot finishes the battles and difficulties of a youngster in his late adolescents to his mid twenties (his age wasn’t indicated), who considers himself the Jesus of Suburbia (Jesus or JoS for short). The collection begins with the melody, American Idiot. It is essentially the Jesus of Suburbia voicing his perspectives on America. We will compose a custom article test on American Idiot by Green Day or on the other hand any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page How it is ‘controlled by the media’ and such. Next comes the melody, Jesus of Suburbia. The tune is part into five sections. Section 1 is a prologue to the Jesus of Suburbia. He depicts himself as the ‘son of wrath and love’ on a ‘steady diet of soft drink and ritalin.’ Section 2, City of the Damned, is a prologue to his home in the rural badlands where the 7-11 is the ‘center of the Earth.’ The verses, â€Å"Lost youngsters with messy faces today/Noone truly appears to care,† states that everybody in his rural home just consider themselves. I Don’t Care, which is the third piece of the melody, is Jesus voicing his suppositions about the world, henceforth, â€Å"Everyone’s so loaded with sh**/Born and raised by hypocrites.† The verses, â€Å"I don’t care on the off chance that you don’t,† would him say him is expressing that since no one thinks about him, for what reason would it be a good idea for him to think about any other person? That’s a valid statement and this is one of the verses that I find†¦ relatable. The part is trailed by Dearly Beloved. Beyond a reasonable doubt Beloved is Jesus addressing the general public, instructing them to wake up: â€Å"Dearly Beloved, are you listening?† He at that point addresses himself, pondering, â€Å"Are we unbalanced or am I disturbed?† and, â€Å"Am I impeded or am I just overjoyed?† Sarcasm is additionally utilized in the tune: â€Å"Oh treatment, would you be able to please top the void?† to cover off his weep for help. Next, is my preferred part and furthermore the last part, Tales From Another Broken Home. â€Å"To live and not to inhale is to kick the bucket in tragedy,† has two implications. It implies that JoS isn't living; he’s just existing as well as that living and not breathing, which isn't wanting to take care of our horrible lives (in the event that it is), is a joke to our reality. He intends to go to the city and see what’s is there for him. The following tune is Holiday. It shows his energy in the city. He likewise went to a gathering and he was overpowered. Energized. The tune is promptly trailed by Boulevard of Broken Dreams, one of my main tunes. While Holiday is a gathering, Boulevard of Broken Dreams is the aftereffect that follows. He wishes that ‘someone out there will discover him.’ Are We the Waiting is the fifth tune of the collection. I discover this melody generally relatable as I can feel this feeling of dissatisfaction. He is hanging tight for the obscure. He demonstrates his mistake to the city. It wasn’t as he anticipated. This melody is quickly trailed by St. Jimmy. It is a prologue to another character called, St. Jimmy. He is a street pharmacist who JoS meets in the city. Give Me Novacaine is the melody that follows. It is one of my top choices and one of the most relatable. The melody expresses that Jesus needs to be numb, â€Å"Drain the weight from the growing/This sensation’s overpowering/Give me a long kiss goodnight and everything will be okay/Tell me that I won’t feel a thing/So give me novacaine.† Novacaine is a substance the dental specialist use to numb the gums. The fourth line of the last chorale, â€Å"Tell me Jimmy I won’t feel a thing,† is Jesus giving up to St. Jimmy. St. Jimmy starts to control him. In She’s a Rebel, he meets a young lady called Whatsername. No one realizes her name in this way calling her whatsername, â€Å"She’s the one that they call ole’ whatsername.† He becomes hopelessly enamored with her, â€Å"And she’s hanging on my heart like a hand grenade.† Be that as it may, too bad, their relationship is a troublesome one as appeared in Extraordinary Girl. With his chronic drug use and such, it will undoubtedly be. Whatsername is tragic and it is indicated that she is a genuine renegade dissimilar to Jesus. The following melody is Letterbomb, in which whatsername leaves JoS with a letter. She parts ways with him through the letter. She was vexed because of his dependence on medications and he gives no indications of halting. She says, â€Å"You’re not the Jesus of Suburbia,† and uncovers, â€Å"The St. Jimmy is a fabrication of your father’s rage and your mother’s love.† She implied that he wasn’t a similar individual she met and that St. Jimmy is only an appearance of his character. Wake Me Up When September Ends is the following tune. It is a tribute to Billie Joe Armstrong’s, the lead artist of Green Day, father, who passed on of disease in September. It is additionally about a grown-up thinking back being a youthful grown-up. In the collection, it shows that a grief stricken Jesus is seeking after more promising times. His dad was presumedly dead as expressed, â€Å"Like my father’s happen/Seven years has gone so fast.† The second last tune, Homecoming is additionally separated into five sections. Section one is the Death of St. Jimmy. It shows that St. Jimmy could no longer connect with JoS. It shows his allegorical self destruction. Section 2, East twelfth Street, expresses that Jesus found a work area line of work at a ‘facility on East twelfth Street.’ Jesus however, needs to be free and escape the city. He rather have ‘cigarettes and espresso with the underbelly.’ to some degree 3, Nobody Likes You, he moans about his pariah state. In Rock ’N Roll Girlfriend, he gets a postcard from his companion, Tunny, who accepted that Jesus is still St. Jimmy. He flaunts his stone ’n move life. The last part, We’re Coming Home Again, is about Jesus returning ‘to the Barrio,’ his home. In the last tune, Whatsername, he recalls the occasions. He says, â€Å"I recollect the face however I can’t review the name/Now I wonder how whatsername has been.† He considers what happened to whatsername. He expresses that she has been in his mind for such a long time. He says the ‘regrets are useless’ and he will never go back in time. â€Å"Forgetting you yet not the time,† the last line states. All things considered, it is an astounding collection. It isn't Dookie, it isn't Nimrod, it isn't 39/Smooth, nor is it Insomniac. It isn't totally underground rock either. Yet, it is an incredible collection out and out. It is appraised no.1 best stone and metal collection from the 2000s by Kerrang! magazine. I’ve got the chance to concede however, I have composed nothing more that 1000 words in two days. I trust you delighted in understanding this.

Online Enrollment System Conceptual Framework free essay sample

Online enlistment framework is used today by numerous colleges to encourage the enlistment of their understudies into classes each semester (Gaton, 2012). The framework permits understudies to pick courses they need to take with the accessible class plans. This permits understudies to make up their time plans for various class courses without time plan clashes. After the distributed enlistment time frame, the framework runs and allocates openings to understudies. With the Online Student Enrollment System, understudies could login, check their calendar, and set wanted changes and pay online without remaining in a line and racing to comply with time constraints to achieve all the exchanges required for enlistment (Ella, 2012). It would be less tedious and extremely helpful. a. How OEM Works How about an understudy online enlistment framework helpfully connected to your data entrance? This administration could help reduce the measure of time and exertion in selecting for subjects in each semester (Marchan, 2012). We will compose a custom article test on Online Enrollment System Conceptual Framework or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page You may have experienced a few sites which offer types of assistance that require enlistment on the web. The client data is put away in the database and utilized for each exchange made. This dispenses with manual enlistment and at times installment process for clients. All organizations are practiced quick, proficient and advantageously, in your PC. As indicated by Binayao(2010), Online Systems as a rule follows this straightforward diagram(refer to Fig. 1 beneath). Figure 1 New understudies need to join by rounding out the individual data page with their one of a kind ID number to be actuated by the secretary. The framework perceives the substantial client ID. The secretary can include evaluations of the understudies. Along these lines, the understudies can see their evaluations on the web. The framework assesses the subjects recently taken by the understudies and creates a rundown of subjects that the understudies can select. After the understudies have chosen the subjects to be selected, the proposed framework shows the various calendars of each subject. At long last, the framework produces the enlistment structure that contains the budget report and timetables of subject. The overseer can include educational plan, subjects, and timetables. He can likewise see the students’ profile and the rundown of understudies selected each subject and in each office. b. Online Systems and their Maintenance The Internet is the most helpful and proficient product for associations and organizations the same. Sites work as an entry for individuals, clients and others to impart, offer types of assistance and bolster 24-hours per day. It is financially savvy for advancement, showcasing and data scattering (Ella,2012) NLS, NAPOLCOM, SOL, and GoDirect are a couple of the main suppliers on Online System Worldwide(Ella,2012). They all contrast on structure, yet every one of them offers extraordinary assistance on a reasonable cost. In the Philippines, colleges like UST, FEU and DLSU all made their own frameworks of Online Enrollment. Johnston (2009) suggests that keeping up OE Systems may require permit updates, redesigns, and equipment support. It might cost $5-$25(equivalent to P200-P1000) per User every Month, contingent upon the System. ONLINE ENROLLMENT METHOD VS. Customary METHOD OF ENROLLMENT In the recent decades, PCs and innovation have upset once-moderate procedures, setting aside enterprises time and cash in manners not beforehand conceivable. With today’s spending emergency, school areas are searching for approaches to utilize PCs and the Internet to smooth out school business forms while generously bringing down their cost (Anderson, 2011). All things considered, customary strategies/frameworks are utilized as a general rule in enlistment methods of colleges (Apon, 2012). Enlistment fills in as an essential part in the life of each understudy after entering schools or colleges, either open or in private. It gives understudies the impact on how the entire establishment oversees and controls the whole body. Besides, enrolment fills in as the primary experience of all understudies by which he/she participates, as indicated by So (2012). One of the variables considered here is the absence of labor to oblige all enrollees. Additionally considered are the dreary assignment of rounding out the application structure and the errors of data gave by the understudies. These components cause enlistment delay, which is disadvantageous to the enrolment faculty and the enrollees (Leonar, 2010). All things considered, the accessibility of Online Systems has its own points of interest and impediments, much like how the customary technique for enlistment has its own (Marchan, 2012). A portion of the elements that might be influenced are: 1. The Number of Workers used in Enrollments (alongside their compensations) 2. The Maintenance Cost of Online Systems . The Fund Available These components must be looked into first before concluding which is better for a college. a. Top of the line Universities in the Phil. also, their Methods of Enrollment According to Forman (2007) in his article â€Å"New Research Perspectives on Mobility, Organizations, Systems and Technologies†, proceeding with development in advancements can prompt authoritative changes that go from progress of everyday activity and for simple access it accommodates the end clients. Numerous schools today have adjusted this advancement in the contribution of their administrations. In the Philippines, Ateneo De Manila, De La Salle, Far-Eastern, and other top of the line colleges acknowledged the demand and made their own Online Systems of Enrollment. b. Enlistment System of SLU The Current Enrollment System of SLU is like the conventional technique, wherein an understudy is required to select and execute actually in the enlistment rooms of the college. Old and new understudies need to top off application structures like pre-enlistment structure, and will include approved ID and enlistment structures to the division enlistment officers. The current framework needs those data to process the enlistment of the understudies. Enlistment Systems like this are moderate, and requires some serious energy and vitality from the understudies and enlistment officials the same (Lucas, 2010).

Peter The Great :: essays research papers

In 1682, Sophia Romanov sent her castle watchmen to dispose of her â€Å"heirs† and different clashes with her rule. Fortunately, her two siblings multi year old Ivan, and multi year old Peter got away with there step-mother. Later on, Sophia announced that both Peter and Ivan are the rulers of Russia. In 1689, Sophia lost the portability of her legs. She had her watchmen, by and by attempt and slaughter Peter. The watchmen, understanding that Peter was in correspondence with the Gods, didn’t contact Peter for they dreaded the anger of God would get them. Subside right away had Sophia exiled to a pinnacle outside the city of Moscow. Before long, Peter wedded, and had a beneficiary to the honored position.      Eight million individuals lived in Russia. Ninety-five percent of the entirety of the populace comprised of serfs, the dealers, nobles, and world class just populated five percent of Russia. The first class, similar to the serfs, were not very accomplished by any means. Timmerman, a learned man from Germany, instructed and indicated Peter the entirety of the nautical instruments need to explore a boat. Dwindle turned out to be extremely keen on nautical things. Subside before long left Russia and pillaged Europe for information, developments, and extraordinary personalities to take back to Russia. His journey finished in the rich and lavish city of Amsterdam. Dwindle started to consider Holland’s boats and naval force, and recruited transport developers to return home with him, and assist him with setting up an ocean power. Subside, needing to truly figure out how to fabricate a boat, marked on as a craftsman to shroud his actual character, since he needed to wo rk without that being an interruption. Following 4 months, Peter had assembled his very own boat, called the â€Å"Peter and Mary.† Soon enough, he cruised out to far off nations to acquire plans for galactic apparatuses, mints, guns, and weapons. During his journey, Peter’s royal residence watches had begun a revolt in Moscow. Subside surged back and saw 1800 hirelings in chains. He knew there was more behind this revolt than simply terrible decision. He had all of his watchmen examined 6 days every week, except found no new proof. At long last, Peter had hung 1200 men.      The day Peter came back from his journey, he went to the congregation about the manner in which Russian men must harvest their whiskers. Subside found in Europe, that everybody had their facial hair short and kept up. Right away, Peter cut the entirety of his general’s and servant’s whiskers.

Overview Of Risk And Risk Management Finance Essay - Free Essay Example

Many empirical studies have attempted to find support for different theories of corporate financial risk management. However, most of them have failed to determine which theories are supported by empirical observation of corporate hedging and which are not. After a spate of new research in this field in the late 1990s there have been few studies that have added to our understanding of corporate hedging behaviour. Incidentally, most valuable papers in recent years concentrated on methodological issues such as the endogeneity problem (Jin and Jorion, 2006), the inclusion of non-derivative hedging (Davies et al., 2006; Judge, 2006), and assumptions about the purpose of derivative use (Faulkender, 2005). This focus on methodological issues indicates that researchers in the field of hedging still need strong empirical evidence. (Berkman, 1996) Corporate hedging models nested in four different theories of the firm: (1) Financial theory; (2) Agency theory; (3) Stakeholder theory; and (4) New institutional economics. Planning and designing There are a number of factors that should be considered when designing and planning an ERM initiative. Details of the risk architecture, strategy and protocols should be recorded in a risk management policy for the organisation. Provides information on the contents of a typical risk management policy. (Klimczak, 2008) Board mandate and commitment Many organisations issue an updated version of their risk management policy each year. This ensures that the overall risk management approach is in line with current best practice. It also gives the organisation the opportunity to focus on the intended benefits for the coming year, identify the risk priorities and ensure that appropriate attention is paid to emerging risks. The policy should also describe the risk architecture of the organisation. Figure 4 illustrates typical risk architecture of a large listed company. Mandate and commitment from the Board is critically important and it needs to be continuous and high-profile. Unless this mandate and commitment are forthcoming, the risk management initiative will be unsuccessful. Keeping the risk management policy up to date demonstrates that risk management is a dynamic activity fully supported by the Board. (Klimczak, 2008) A risk management policy should include the following sections: Risk management and internal control objectives (governance) Statement of the attitude of the organisation to risk (risk strategy) Description of the risk aware culture or control environment Level and nature of risk that is acceptable (risk appetite) Risk management organisation and arrangements (risk architecture) Details of procedures for risk recognition and ranking (risk assessment) List of documentation for analysing and reporting risk (risk protocols) Risk mitigation requirements and control mechanisms (risk response) Allocation of risk management roles and responsibilities Risk management training topics and priorities Criteria for monitoring and benchmarking of risks Allocation of appropriate resources to risk management Risk activities and risk priorities for the coming year Risk management framework Depending on the nature of the organisation, the risk management function may range from a part-time risk manager, to a single risk champion, to a full-scale risk management department. The role of the internal audit function will also differ from one organisation to another. In determining the most appropriate role for internal audit, the organisation needs to ensure that the independence and objectivity of internal audit are not compromised. (Miller, 2005) The range of risk management responsibilities that need to be allocated in the policy will be broad and extensive. Table 3 sets out examples of the risk management responsibilities that may be allocated in a typical large organisation. The Board has responsibility for determining the strategic direction of the organisation and creating the context for risk management. There need to be arrangements in place to achieve continuous improvement in performance and this responsibility is likely to be allocated to the risk manager. Risk management is not, and should not be, a stand-alone exercise or a separate administrative structure. Risk management might become a simple compliance exercise rather than an effective management tool if it is not integrated with the major processes of the organization. Integration would provide purpose in applying the risk management processes and relate risk back to the organizations objectives and core activities; it would also ensure that the task of managing risk is not regarded as an additional responsibility or burden, but part and parcel of all processes. Integration should also include the harmonization of individual risk management practices under an overarching ERM framework in order to ensure consistency in approach and support more efficient use of resources. As a natural extension of integration, risk management should be mandatory and embedded into the performance management process. This would enhance accountability; help to create a risk aware culture and spe ed up implementation. (Chen, 2002) ERM practice requires risk management in all areas, including ongoing operations and processes, as well as one-off initiatives, such as information technology projects, capital master plans, corporate strategies and policies and field projects. Risk assessment should be part of the decision-making process; one measure to promote this is to require risk assessments to be attached to all important policy, strategy and project proposals presented to the senior Management committee. (Anon, 2006) The Risk Management process Risks in Project Financing The term Project Financing refers to a wide range of financing structures where the provision of funds is not primarily dependent upon the credit support of the sponsors or the value of the projects physical assets but on projects capacity to serve the debt and provide an equity return to the sponsors through its cash flows. Project finance involves the setting up of an ad hoc project company (called Special Purpose Vehicle SPV) to carry out the venture. The SPV is capitalized through equity and debt funding which is used to cover project capital expenditures and pre-operational costs; once the project is completed, the SPV can start its commercial activities thus generating the necessary cash flows to repay the financing. (Miller, 2005) Risk management is key to any operation of satellite project financing as it ensures the completion of the system on time, to budgeted cost and the delivery of service in line with expected standards. As cash flow generation depends on all these variables, financiers are closely concerned with the feasibility of the project on its whole and with the way to manage the impact of potentially adverse factors. A successful financing structure for satellite projects entails a balanced allocation of project risks among the various interested parties. These risks must be fully understood by all involved parties and must be properly mitigated. (Smith, 2005) In satellite project financing the nature and level of risks vary during the life cycle of the project and fall into three broad areas: regulatory, completion and market. Regulatory and completion risks may arise during investment phase, while market risk is associated with the operational one. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Self insurance ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Captive insurance ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Alternative Risk Transfer/Financing (ART)/(ARF) ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Derivatives Enterprise wide risk management and the evolving role of the Risk Manager Risk assessment involves the identification of risks followed by their evaluation or ranking. It is Important to have a template for recording appropriate information about each risk. It has been shown the range of information that may need to be recorded. The objective of a template is to enable the information to be recorded in a table, risk register, spreadsheet or a computer-based system. Although a simple description of a risk is sometimes sufficient, there are circumstances where a detailed risk description may be required in order to facilitate a comprehensive risk assessment process. The consequences of a risk materializing may be negative (hazard risks), positive (opportunity risks) or may result in greater uncertainty. Organisations need to establish appropriate definitions for the different levels of likelihood and consequences associated with these different risks. Risk ranking can be quantitative, semi-quantitative or qualitative in terms of the likelihood of occurrenc e and the possible consequences or impact. Organisations will need to define their own measures of likelihood of occurrence and consequences. (Smith, 2005) Risk classification systems An important part of analysing a risk is to determine the nature, source or type of impact of the risk. Evaluation of risks in this way may be enhanced by the use of a risk classification system. Risk classification systems are important because they enable an organisation to identify accumulations of similar risks. A risk classification system will also enable an organisation to identify which strategies, tactics and operations are most vulnerable. Risk classification systems are usually based on the division of risks into those related to financial control, operational efficiency, reputational exposure and commercial activities. However, there is no risk classification system that is universally applicable to all types of organizations. (Anon, 2006) Figure Detailed risk description Risk management process The risk management is listed as a process of coordinated activities. There are many descriptive processes involved in risk management but few of them are listed below to be illustrative. This present list represents the 7Rs and 4Ts of (hazard) risk management: Recognition or identification of risks Ranking or evaluation of risks Responding to significant risks Resourcing controls Reaction planning Reporting and monitoring risk performance Reviewing the risk management framework Tolerate Treat Transfer Terminate Figure Risk architecture, strategy and protocols According to ISO 31000, all the 4Ts of risk assessment are integrated and used in one phrase as risk treatment and included under the heading of risk response. Recognition and ranking of risks are combined together and included in risk assessment activity. For hazard risks, the range of risk response include the alternatives of tolerate, transfer, treat, or termination of risk or acti vity. Sometimes, these alternatives of risk response are used together to act against risks. For opportunity risks, the range of risk response also includes exploiting the risk. While reaction planning to retort the risk includes both business continuity planning and disaster recovery planning. (Chen, 2002) Risk assessment Identification of risk is the first and foremost function of risk management process. Identification of risks should be done at appropriate time (at the beginning stages) and appropriate place (analyzing which part of the organization is under the threat). Proper analysis of risks will lead to clear understanding of risks and uncertainties in an organization. There are certain requirements for risk identification. This includes all the basic knowledge about the organization, geographical units, marketing strategies, long-term goals, operational objectives along with legal, social, political, economic and cultural environment that correlate with an organization. This also includes knowledge of factors essential for achieving operational objectives such as critical to success along with associated threats and opportunities. For identifying and analyzing risks, a systematic method should be followed to ensure that all the related value adding activities in an organization should be ev aluated with all the risks flowing from these activities and these should be well defined. This well defined analysis of risk is used to prepare a risk profile that ranks and rates the risk accordingly, providing an instrument to measure and prioritize the identified risk and also helps in preparing an action plan. Ranking of risks will categorize the risks involved in a particular business area or part of the organization. This analysis explains the primary control mechanisms along with measures to control the investments. For an organization to be efficient and effective in its operations, the risk analysis activity should be active. It helps in classifying and identifying the risks along with creating ability to prioritize the risks and making action plans that benefit the organization with risk response treatments. The scope of risk response treatment is extensive and include tolerate, treat, transfer and terminate. An organization can also decide about the need for improvement in its control environment. (Anon, 2006) Risk treatment ISO 31000 described risk treatment measure as an activity of selecting and implementing appropriate methods to control and modify the risk. The major element of risk treatment is risk control (mitigation) but sometimes further focuses on elements like risk avoidance, risk transfer and risk financing. All the measures of risks treatment imparts in efficient and effective internal control of management. Effectiveness of an internal control is depended on the risk that needs to be eliminated or reduced by the proposed control measures. The internal control also works on the cost effectiveness with implementing cost control measures to achieve the risk reduction benefits. An organization need to maintain compliance with laws and regulations. It must work under the law and jurisdiction and must implement measures to control and achieve compliance. Risk protocol is a part of the risk treatment measure and a method of obtaining financial security against the impact of risk is through risk financing like insurance. Moreover, it should be noted that some losses or elements are uninsurable, such as damage to employee morale and the reputation of the organization. (Miller, 2005) Feedback mechanisms There are two mechanisms of feedback that are recognized by ISO 31000, first is performance review and monitoring and the other is communication and consultation. Performance review and monitoring mechanism will observe the risk performance in an organization and learn from past experience. In ISO 31000, communication and consultation are regarded as part of risk management process but this is also considered to be part of supporting framework. The monitoring and performance review feedback activities mentioned in ISO 31000 does not clearly state the tasks of monitoring risk performance and reviewing the risk management framework. Reporting and disclosure are concisely explained in ISO 31000 and they are not included in the process shown. (Faulkender, 2005) Figure Risk management process (based on ISO 31000) The risk management system follows the process of communication, monitoring, reporting as well as risk management protocols. These are all organized and controlled by the ir respective managers in their field of expertise. Risk management is one of the key responsibilities of an organization. It is made effective only when a proper practice is followed by risk management with coordination of duties and actions into performance reviews. It should be considered as an element of management performance at each stage. It is the duty of the management to evaluate the overall performance, efficiency, compliance and manage authority accordingly in categories like risk champion, risk manager and risk/senior management committees. The overall proficiency and efficacy of the risk management process is governed by the internal audit department and it will make an objective assessment on the risk management practice. Apart from these measures, there are other governing factors involved in proper functioning of risk management method that includes external audit, inspection, investigation, evaluation and policy review. Also, the objective assessment in risk analyz ing also coincides with duty and expertise of the professionals. The essential part of overall implementation of risk mechanism is managed by ERM and senior management committee internally as well as finance committee, audit committee and governing body externally. The finance committee will analyze risk management in the area of its reign. Whereas senior management duty is to ensure effective risk management process in the organization and the audit committee supervises and assists the governing body. A separate corresponding reporting mechanism is needed to be established to view the efficiency of monitoring and assessment. The risk reporting to audit committee and governing body externally can be done individually or in conjunction with RBM and planning and programming documents whereas formal and informal communication and reporting channels can be used internally. It should be noted that risk reporting to the ERM/senior management committee, audit committee and governing body n eed to be formalized. (Chen, 2002) There is a basic economic theory unfolding that corporate risk management in anyway cannot contribute to the creation of shareholder value (see Dufey and Srinivasulu, 1983, for an extensive discussion). Accordingly Modigliani and Miller (1958) suggested that corporate financing decisions cannot be used to increase firm value in perfect capital markets since shareholders can easily replicate them. Subsequently, since corporate risk management can be seen as a financing policy, it cannot contribute to firm value creation in an MM world (Bartram, 2002; Stulz, 2000; 1996; Smith, 1995; Culp et al., 1994; Mayers and Smith, 1982). As a result, corporate risk management in order to increase its firm value must restrict the violation limit of the MM framework to one or more assumptions. In other words, the benefits of corporate hedging (if they exist) should arise due to capital market imperfections, which should prevent shareholders from being able to p erfectly replicate risk management at the firm level (Stulz, 2001; Fite and Pfleiderer, 1995; Smith et al., 1990). The capital market imperfections sometimes bestows positive rationales to corporate risk management in terms of direct and indirect costs of financial distress, costly external financing, and taxes. In addition to these contributing factors, there are other firm-specific determinants of corporate risk management such as socioeconomic and legal environment of the country and sometimes geographic factors may also impact the decision to hedge. Theories of corporate risk management are typically examined empirically using binary variables that indicate whether a firm uses derivatives or not (e.g., Bartram, Brown and Fehle, 2009; Mian, 1996; Nance et al., 1993), and the use of derivatives is interpreted as an indication of corporate hedging in general. For some selected commodity-based industries (e.g., oil, gold), sometimes more detailed information about the use of derivat ives is available, enabling empirical studies to use variables such as (net) notional values of derivatives or the percentage of production hedged, which might more accurately measure the extent of corporate hedging (Lel, 2006; Dionne and Triki, 2005; Haushalter, 2001; 2000; Tufano, 1996). Studies report that these provide as an alternative to firms, countries, or industries and characterizes for corporate risk management. financial theory in order to test whether firms with particular properties that should benefit most from corporate hedging are indeed more likely to use derivatives and/or use them to a larger extent (Bartram, Brown and Fehle, 2009; Haushalter, 2000; Tufano, 1996). There has been more consideration in terms of work based risk management. It is majorly taken up by firms or other industries in countries, who consider empirical statistics as the main derivative for hedging (Bartram, Brown and Fehle, 2009; Haushalter, 2000; Tufano, 1996). (Anon, 2010) Risk Response Development The risk response development should identify and execute appropriate action plan or measures to maintain risks within the acceptable level. Risk reduction should be continuously monitored, effective and verified. The techniques for reducing or controlling risks are discussed in the following categories: Risk Avoidance: It should be noted that every risk cannot be wholly avoided and that any measure to avoid a risk sometimes simply transfer that risk to another area. Risk Reduction: It can be executed in the following ways: By decreasing the possibilities of the undesired event (Preventive measure) By decreasing the importance of the undesired event (Mitigation measure) Risk Transfer/Deflection: It can be in the form of a contract where the risk is deflected by transferring to another party entirely or partly (i.e. insurance, outsourcing, sub-contractors). For example, the insurance coverage for the satellite launch, contracting to other people or company and pena lty schemes to subcontractors in case of delay in delivery of the components (or other protecting clauses in the relevant contracts). (Chen, 2002) Conclusion Allayannis, G. a. (2001). The use of foreign currency derivatives and firm market value. Review of Financial Studies , Vol. 14, pp. 243-76. Anon. (2010). Communication from the commission to the European parliament ,the council economica and social . European commission . Anon. (2006). Operational Risk Management. Chapter . Berkman, H. a. (1996). Empirical evidence on the corporate use of derivatives. Financial Management , Vol. 25 No. 2, pp. 5-14. Chen, C. a. (2002). Exchange rate variability and the riskiness of US multinational firms: evidence from the Asian financial turmoil. Journal of Multinational Financial Management , Vol. 12, pp. 411-28. Faulkender, M. (2005). Hedging or market timing? Selecting the interest rate exposure of corporate debt. The Journal of Finance , Vol. 60 No. 2, pp. 931-63. Klimczak, K. M. (2008). Corporate hedging and risk management theory: evidence from Polish listed companies. Journal of Risk Finance . Miller, M. a. (2005). Corpo rate income taxes and the cost of capital a correction. American Economic Review , Vol. 53, pp. 433-43. Smith, C. a. (2005). The determinants of firms hedging policies. Journal of Finance and Quantitative Analysis , Vol. 20 No. 4, pp. 391-405.

- Compare and contrast the pros and cons of public and private sector security convergence efforts Free Essay Example, 3000 words

This has become an increasingly positive phenomenon as they are able to combat various criminal situations using their well equipped and trained facilities. Being one of the forces legally enabled to use firearms in the public, they are therefore better placed in controlling rowdy crowds, criminals and other incidences, which affect the stability as well as compromise the security of the nation. On the other hand, Private investigators perform the same duties conducted by public police such as investigations for instance locating people who go missing after leading high profile crimes, obtain information for civil and legal litigation cases. They are also in place to provide consultations to risk management, and implementing measures under security to curb crime and emergencies such as fire, and investigating corporate fraud. Owing to the nature of Private investigators, they have made it easy to deal with high profile gangs and other criminals who escape unidentified. Security guards as police officers maintain order and enforce regulations; they are invited to public events to provide protection on properties against theft and vandalism thus ensuring law and order is maintained during the session. We will write a custom essay sample on - Compare and contrast the pros and cons of public and private sector security convergence efforts or any topic specifically for you Only $17.96 $11.86/pageorder now The Private Security firms are entrusted in transporting of valuables such as money or transportation of confidential parcels. The private firms have the same rights as the public police in arresting the trespassers i. e. According to Trespass acts are "†¦ the workhorse of private security services in their patrol of the shopping malls, airports, sports stadiums and other private spaces where the public tends to congregate". There is greater difference between public and private security officers which all under training where police officer get training and education in depth thus paid highly compared to a private security officer. Thus Large private security firm are trying to put in depth to training and education thus increasing their level of professionalism. The public officers are shielded by strong union as their remunerations are from taxpayers thus being said they are not held accountable to their actions as individual, moreover the private security officer are held accountable to any mistake thus putting their job at risk to a lay off thus they perform their duties under the policies and procedures of the company (Private Security Industry Regulatory Authority, 2007). Through this regulation, private security officers have learnt the importance of handling each and every individual professionally as well as all the situations and tasks they are assigned to perform.

Human Overpopulation An Amazing And Sensational Place

Zach Friesen Ashley Scheil English April 23rd, 2015 Human Overpopulation The world that we live in is an amazing and sensational place. You spend every day on earth with the opportunity to partake in something incredible. What if I told you that Earth was in jeopardy and humans were the core problem? Today there are approximately 7.2 billion people living on Earth. Just 15 years ago, in the year 2000, we had approximately 6.1 billion people. We experienced an increase of over one billion people in just 15 years. Human overpopulation is a problem in todays society and needs to be taken care before we face critical consequences. We as humans are simply not ready for this kind of population influx and neither is the Earth. You can not deny the fact that there are environmental issues along with poverty occurring across the globe. I am here to tell you that the amount of humans inhabiting this planet is a contributing factor to not only these issues, but several others. If we do not attempt to attain a solution, be prepared to face serious, if not fatal, rep ercussions. Obviously the population of humans has been increasing ever since we began walking amongst this earth. Lets say you believe that population growth is inevitable. According to the Institute for Population Studies, the growth of our population is not inevitable, but an option. If we wanted, we can control the population. (York, 2015) The problem of overpopulation has arisen because we let the forces ofShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesCentury †¢ Jose C. Moya and Adam McKeown 9 †¢ 2 Twentieth-Century Urbanization: In Search of an Urban Paradigm for an Urban World †¢ Howard Spodek 53 3 Women in the Twentieth-Century World Bonnie G. Smith 83 4 The Gendering of Human Rights in the International Systems of Law in the Twentieth Century †¢ Jean H. Quataert 116 5 The Impact of the Two World Wars in a Century of Violence †¢ John H. Morrow Jr. 161 6 Locating the United States in Twentieth-Century World History

Lord Of The Flies 3 Essay Research free essay sample

Lord Of The Fliess 3 Essay, Research Paper William Golding, in his fictional novel Lord of the Flies, has created one of the most spectacularly luxuriant, capturing plants of American literature. It is a straightforward narrative of a few shipwrecked schoolboys that dramatically turns into a many-sided narrative of eternal fraudulence, hocus-pocus and all out green-eyed monster. It is in this narrative that three male childs, Ralph, Piggy, and Jack, come to play the polar parts of leaders to a group of kids who are contending for the right of endurance. The first male child is Ralph, a all right illustration of ethical motives, compassion and friendly relationship. He is the first individual on the island to take charge and the 1 who hold the group together. Ralph was elected the leader every bit shortly as the group foremost came together. He was recognized as one individual who courage to take them place. We will write a custom essay sample on Lord Of The Flies 3 Essay Research or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page On the ballot for head, Ralph said, Who wants me? Every manus outside the choir except Piggy s was raised instantly. Then Piggy, excessively, raised his manus grudgingly into the air. Ralph counted I m main so ( Golding 23 ) . Ralph is chosen as leader because in the narrative Lord of the Fliess, he symbolizes every good quality necessary to return place. The qualities are leading, kindness, benevolence, and most of all, friendly relationship. The 2nd young person is known to the other male childs as Piggy. Piggy is non like the other male childs, in the fact that his sense of merriment and escapade was replaced with that of worrisome and cautiousness. He is a portly kid, which brought on the name Piggy. He besides suffers from assorted complaints, such as bad seeing and asthma. He was shorter than the just male child and ve ry fat. He came frontward, seeking out safe lodgements for his pess, and so looked up through midst eyeglassess ( Golding 7 ) . Piggy symbolically represents every job, every error that could be made, that might go forth many immature male childs stranded on an island far out at sea. The concluding immature adult male goes by the name of Jack Merridew. Jack is a choleric young person with a genius for leading, and a pique to travel along with it. Jack was the male child who wanted the place of head from the start. In response to Ralph s election as head, Even the choir applauded ; and the lentigos on Jacks face disappeared under a bloom of chagrin ( Golding 23 ) . Jack Merridew, from so on, was different. He detested Ralph and from so on was consumed by hatred and jealousy toward everyone that followed the new head. He vowed to do all of the people who disregarded him pay for their insubordination. It is because of these facets that Jack could is said to be a symbol of hatred, green-eyed monster, and cruelty. In decision, Lord of the Flies is genuinely a arresting success, in the fact that is able to portray the alone feelings of three separate persons, and still convey them together to make a realistic theoretical account of state of affairss in modern times. Everyday, people are forced to confront jobs in which all of these feelings are addressed. In William Golding s sheer glare, he split them apart and gave them names. These three people are wholly different and capable when apart, but when brought together, can barely last. Plants Cited Golding, William. Lord of the Flies. New York, New York: The Putnam Publishing Group, 1954.