Utilitarian Arguments - 1681 Words

I have always been one to side with a utilitarian’s point of view, such as Mill and Bentham. The greatest happiness of the greatest number, or as cold as it may be, sacrificing the few for the good of the many. Utilitarian moral theories evaluate the moral worth of action on the basis of happiness that is produced by an action. Whatever produces the most happiness in the most people is the moral course of action. I will give the best arguments against Utilitarianism, and show in my own opinion, why I think they are wrong. The strongest counterargument against Utilitarianism would have to be Sterling Harwood’s eleven objections to the theory. Sterling Harwood states that even he does not accept all eleven of his objections, but he†¦show more content†¦Harwoods primary example in this objection is a person who makes a promise to his dying mother, promising to beautify her grave and put flowers on it on her birthday every year. (p. 191) Harwood states that a utili tarian would not keep that promise because his time, money, and energy can be better spent doing other things. But what if that person really does enjoy putting flowers on his mothers grave? What if that is the main way he chooses to spend his resources? Then keeping this promise is in the utilitarians best interest. Alternatively, imagine that the person does take the utilitarian approach and ignore the promise made to his mother by investing his time and energy into something he truly enjoys: robbing bank or committing heinous crimes. Although this person broke the promise, the result does not generate much pleasure for everyone involved. Therefore, keeping the promise would be in the utilitarians best interest. I think that when utilitarians break promises, it is for legitimate reasons, such as saving a persons life. Harwood illustrates how utilitarians operate in regards to promises by offering the example that a person who is meeting a friend for lunch helps victims from a car crash on the way to the restaurant, and as a result is late for lunch. (p. 192) Harwood says that the difference between a utilitarian and a non-utilitarian would be whether or not the person that was late apologized to their friend. However,Show MoreRelatedShould Gambling Be Legalized?1401 Words   |  6 Pagesproceeds will benefit the school systems. Using this measure of marketing, they were successful in their goals. Now in most states there exist a state sanctioned lottery of some kind. There exist large amounts of empirical evidence establishing the argument that lotteries assist in upward wealth redistribution and disproportionately affects low income individuals. Furthermore, there are audits that have shown that the education portion of lotteries has been neglected. In some states, those audits haveRead MoreProtection of Intellectual Property Essay1030 Words   |  5 Pagesintellectual property is necessary, as it provides a significant amount of positive outcomes, which will be described further in this paper. We will argue that the legal protection for intellectual property is an ethical obligation from a rule utilitarian ethical framework because it promotes innovation and economic growth to increase the utility of software, resulting in the highest amount of net happiness for society. Facts and Background Intellectual property has traditionally beenRead MoreAnalysis Of Singer s Main Argument998 Words   |  4 PagesSinger’s main argument is built upon the â€Å"assumption that suffering and death from lack of food, shelter, and medical care are bad† (231). It is the duty of the utilitarian to attempt to relieve this type of suffering. His standpoint is that people should attempt to prevent bad things from happening: â€Å"if it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance, we ought, morally, to do it† (231). Singer contends that this isRead MoreThe Shareholder Approach For Managerial Responsibility Essay1403 Words   |  6 Pageswill further explain Friedman’s arguments, address main counterpoints, and ultimately argue that Friedman’s conclusion is a correct and normative view of the moral responsibility from the perspective of management in a non-private company . The shareholder approach to managerial moral responsibility has a few main points that are necessary to address in explaining Friedman’s argument, especially in the context of distinguishing the approach from other arguments that have been suggested as alternativeRead MoreA Writ : Moral Philosophy Essay1216 Words   |  5 Pagesto the aggregate of all persons† (24) is consequently one of the criteria of morality, as happiness is one of the ends of conduct. By proving that happiness is a part of morality, Mill has established a soft version of the utilitarian doctrine, but he expands on his argument to give the readers a stronger version of his initial premise. Moreover, Mill wants to take this initial principle a step further and prove not only is happiness a criterion for morality, but additionally, it is the sole criterionRead MoreMilners Response to Too High for Humanity Essay790 Words   |  4 PagesToo High for Humanity This paper will evaluate the merits of the argument â€Å"Too high for humanity† against the validity the theory Utilitarianism. More specifically we will introduce the argument, Milner’s responses to the argument then analyze the arguments’ structure, validity and soundness. The argument â€Å"Too high for humanity† is the notion that: if being morally right only exists when people maximize pleasure to society, then it is something that humans are not capable of. To clarify, this isRead MoreEuthanasi The Argument Against Euthanasia1945 Words   |  8 PagesEuthanasia is â€Å"killing or passing up opportunities to save someone, out of concern for that person.† Arguments for euthanasia is the prevention of the unnecessary prolonging of suffering of the patient who is diagnosed with a terminal illness, and their families, also, there is the argument of using resources, economic and human, in efforts to keep people who have incurable diseases alive. Arguments against euthanasia is that the thought of having assisted suicide could be a result of misdiagnosisRead MoreA Defense Of Abortion By Judith Thomson1678 Words   |  7 Pagesabortion is morally permissible under the certain conditions where the rights of the fetus fail to surpass a mothe r’s right of choice. For the sake of her argument, Thomson allows the assumption that a fetus is a person, and instead attacks the premise that the fetus’ right to life is stronger than that of a mother’s body integrity. The main argument that Thomson makes is that right to life, defined by some as the right to â€Å"be given the bare minimum a man needs for continued life†, is not an absoluteRead MoreIssues Surrounding The Legalization Of Euthanasia2019 Words   |  9 Pagescritically discuss slippery slope arguments with reference to the issues surrounding the legalization of euthanasia. Firstly, the foundations of a slippery slope argument will be discussed, along with the usual fallacious nature of this type of argument, also to be discussed, is if slippery slope arguments ever provide good reasons for accepting their conclusions. Secondly, euthanasia will be introduced and discussed, this will be done using an example of a slippery slope argument by John Keown from his bookRead MoreThe Immorality Of Having Children By Stuart Rachels1697 Words   |  7 PagesFamine Relief Argument. Rachels argues that the cost of raising a child today, over two-hundred thousand, is so staggering that it would be better spent on donations towards famine relief projects. Throughout the paper, Rachels provides substantial arguments that emphasize the point that having children is the biggest decision that someone will ever make in their life rather than what to believe or whether to get married, and the decision should not be taken lightly. All the arguments presented are

The Theories of Freud and Jung - 2342 Words

1. Freuds essay on The Sexual Aberrations posits the existence of a sexual urge, called libido, which Freud finds analogous to hunger. Freud suggests that, like hunger, the libido manifests itself more or less from birth. The chief question for Freud in this paper is why libido should manifest itself in unexpected ways as with inversion, which is the slightly old-fashioned term that Freud uses for homosexuality. Freud rather unexpectedly relies on the suggestion that mucus membranes in general are susceptible to sexual stimulation in his opinion, this accounts for such varied phenomena as kissing, thumbsucking, and anal sex. Freud then goes on to explain foot fetishism and other sexual fascination with inanimate objects in terms of primitive religion: This substitution is not unjustly compared with the fetich in which the savage sees the embodiment of his god. (Freud 1910). Freud goes on to explain other aberrations, such as Sado-Masochism, in terms of their attempt to cope with an o vervaluation of the sexual object. The idealistic impulses of love are seen, by Freud, as perhaps even more evident in people who love whips or feet. Ultimately Freud brings it back to the nature of the hypothesized infantile sexuality in Freuds belief, this has no natural object and is expressed in all directions at once. By contemporary scientific standards, Freuds essay is a mess. To take the most obvious example, Freud died in 1939: this is the same year that the Nobel Prize inShow MoreRelatedThe Theories Of Jung And Freud978 Words   |  4 Pagespsychologists dismiss the theories of Jung and Freud as unscientific, they are very well known and highly influential. Why do you think this is? Carl Jung and Sigmund Freud are two of the most well known psychologists due to both their contributions to psychology that are still relevant today and also the controversial nature of their work. Many psychologists believed that their work was not scientific and therefore not useful in psychology. For example, Freud’s theories are considered unfalsifiableRead MoreThe Personality Theories Of Sigmund Freud ( 1856-1939 ) And Carl Jung2919 Words   |  12 Pagespersonality theories of Sigmund Freud (1856-1939) and Carl Jung (1875-1961). Prior to Freud, personality psychology did not exist. Freud’s psychoanalytic theory conceptualized personality development in terms of psychosexual stages whereby personality was fixed by middle childhood. Freud explained that mental and physical illnesses were the result of an individual not being aware of the inner conflict which was experienced due to repressed infantile sexuality (Friedman Schustack, 2012). Jung, as partRead MoreA Co mparative Analysis of the Psychoanalytic Theories of Sigmund Freud, Carl Jung, and Alfred Alders1012 Words   |  4 Pagessimilarities and the differences in the three theories that derived by Sigmund Freund, Carl Jung and Alfred Alders. The study will look at my personal opinion on the characteristics of the theory. An examination on the stages of Freuds theory will help to dissect personal characteristics (Burger, 2011). The use of real life examples will help to determine the Freudian defense mechanism theory. The similarities and the differences on psychoanalysis theories Sigmund Freund outlined childhood eventsRead MoreSigmund Freud and Carl Jung1331 Words   |  6 PagesSigmund Freud and Carl Jung Sigmund Freud and Carl Jung begun their relationship in 1906, when Carl Jung sent Freud a copy of his signed published studies, But Jung did not know that Sigmund Freud actually already owned a copy (well-Documented). Jung looked up to Freud and saw him as a father figure (well-Documented). Freud became Jung’s Mentor. In 1909, Freud and Jung toured the United States, and this is were they had a few disagreement on the unconscious mind. Jung thought Freud was negativeRead MoreCarl Jung and Sigmund Freud1412 Words   |  6 PagesCarl Jung and Sigmund Freud Introduction Carl Jung (1875-1961) and Sigmund Freud (1856-1939) were two individuals whose theories on human personality would completely affect the way that people viewed the human mind. Carl Gustav was a practicing psychotherapist while Sigmund Freud created the discipline of psychoanalysis. The two men had seemingly identical beliefs about human behavior, but also had contrasting beliefs about concepts such as the ego, the psyche, and the state of unconsciousnessRead MoreThe view of the unconscious between Jung and Freud vary in different aspects. These famous600 Words   |  3 Pagesunconscious between Jung and Freud vary in different aspects. These famous psychologists corresponded in 1906, then finally met in 1907 and became friends rather quickly after that. Freud thought of Jung as his disciple, but after the years went by their friendship declined due to irreconcilable differences in the theory of psychoanalysis. Jung deemed that Freud was fixated on aggression and sexuality being t he motivating dynamic in his theories. He also thought that Freud was excessively negativeRead MoreAnalyzing Anna O, Freud. Breuer, Jung Essay1314 Words   |  6 PagesAnalyzing Anna O Examining the theories of Sigmund Freud, Joseph Breuer and Carl Jung March 20, 2013 1 Bertha Pappenheim, better known as Anna O, in the world of psychology, was 21 years old when she first became a patient of Dr. Josef Breuer. She was said to be a gifted girl, with a high intellect. Sadly, however, she had a series ofRead MoreEssay on Theoretical Positions of Jung, Adler, and Freud1471 Words   |  6 Pages Early Psychological Theory While science worked diligently to quantify and validate early structuralist perspectives in psychology, early functionalists were hard at work developing theories that were more qualitative in nature. Although not directly associated with the functionalism movement, Sigmund Freud, Carl Jung, Alfred Adler, and William James were clearly most concerned with how psychology could improveRead More Interpretation of Dreams: Freud Vs. Jung Essay759 Words   |  4 PagesInterpretation of Dreams: Freud Vs. Jung Works Cited Not Included Many philosophers, psychiatrists, and doctors have tried to explain the role of the unconscious, mostly through interpreting dreams; two who lead the way in the field of dream interpretation were Sigmund Freud and his most famous pupil, Carl Jung. By reviewing these mens views we can come to a better understanding of the role of the unconscious. Both Freud and Jung believe in the existence of a conscious and unconscious mindRead MoreBeatrice Hinkle/Psychoanalysis1635 Words   |  7 Pagesvery intrigued in the time s latest method of mental treatment: psychotherapy and the controversy created by Sigmund Freud and his psychoanalysis. Her curiosity and her search for more information about psychoanalysis resulted in a move to New York City (1905), where she soon became associated with Dr. Charles R. Dana who helped her to get familiar with the psychoanalytic theory. Hinkle s fascination with the human unconscious was so enormous that in 1908, both Hinkle and Dana, founded the country

The hydraulic energy Free Essays

string(158) " They besides monitor if the energy stored in the collector falls below a preset degree, upon which the vehicle engine can be used to supply auxiliary power\." Introduction The potency of utilizing a KERS on a bike to hive away hydraulic energy can be achieved utilizing a device such as a hydraulic collector. In a hydraulic collector the possible energy is stored in the signifier of a tight gas or spring, which is used to exercise a force against a comparatively incompressible fluid. Collectors store energy when the hydraulic system force per unit area is greater than the collector force per unit area and releases hydraulic energy in the opposite instance. We will write a custom essay sample on The hydraulic energy or any similar topic only for you Order Now By hive awaying and supplying hydraulic energy, collectors can be used as a primary power beginning for a KERS. Collectors are of course dynamic devices ; intending they function when constellation alterations, for illustration, valves opening and shutting. Collectors respond quickly to constellation alterations, and about outright for gas collectors. They are normally used in concurrence with a pump/motor in a hydraulic circuit. A hydraulic system using an collector can utilize a smaller fluid pump since the collector shops energy from the pump during low demand periods. The pump does n’t necessitate to be so big to get by with extremes of demand, therefore the supply circuit can react more rapidly to any impermanent demand and to smooth pulsings. There are four types of collector: vesica, stop vesica, Piston ( spring or gas controlled ) , and metal bellows. Depending on the application, the pick of most suited is based on the needed velocity of collector response, weight, dependability and cost. Compressed gas collectors are the most normally used type since they by and large have the faster dynamic response and are most dependable. Collectors with seals will by and large hold the lowest dependability as there is the possible for leaks. Pressurised gas collectors take advantage of the fact, that the gas is compressible. The possible to hive away energy and the affect of the collector is dictated by its overall volume and pre-charge of the gas. The pre-charge is the force per unit area of the gas in the collector when there is no hydraulic fluid within the collector. Too high of a pre-charge force per unit area, reduces the fluid volume capacity, and limits the maximal sum of hydraulic energy that will be available to the system. A gas collector has a gas pre-charge, which is less than the nominal hydraulic system force per unit area. When hydraulic fluid enters the collector, the gas is compressed to the nominal system force per unit area, which is in an equilibrium place and corresponds to the maximal sum of energy that can be stored. As system hydraulic force per unit area beads, the gas will spread out coercing hydraulic fluid back into the system. Most gas collectors are bladder type, made up of a vas divided into two volumes, by a flexible membrane. Within the vesica, N is stored under high force per unit area, which is an efficient and safe medium since the ability of gas to hive away energy additions exponentially as force per unit area rises and because of its inert belongingss. As fluid from the hydraulic circuit, enters the vas ( under system force per unit area ) and impinges against the vesica, the gas is compressed leting energy to be stored. The release of energy when required is achieved via conventional valve agreement. Use of hydraulic KERS commercially There are, a figure of emerging systems that allow the operators of vehicles to cut down both fuel ingestion and unwanted emanations, specifically to vehicles that are capable to changeless stop-start operations, like for illustration coachs, decline aggregation vehicles ( RCV ) . Changeless stop-start operations, such as braking in big vehicles, produce considerable kinetic energy, which is wasted as heat. Capturing this energy utilizing conventional hydraulic engineering enables it to be stored and so returned to the vehicle systems. The possible utilizations are non merely limited to help subsequent acceleration ( cut downing the energy required from the engine ) , but can potentially power accessory equipment. For illustration, RCVs can utilize stored energy to drive the hydraulic garbage compacting and packing mechanisms. This enables a important decrease of engine velocities and runing noise [ 10 ] . Hydraulic Power Train Technology Hybrid hydraulic power-train engineering usually incorporates a hydraulic system runing analogue to the IC engine to portion the undertaking of powering the vehicle. Although other agreements are possible ( in series ) , the simplest is where the conventional vehicle transmittal and driveline constituents are replaced by a hydro-mechanical transmittal, a system that works likewise to a hydrostatic CVT. In which the end product shaft from the vehicle ‘s engine is used to drive a hydraulic pump that in bend supplies pressure to hydrostatic motors ; these are so connected via a pitching mechanism to the vehicle power-train to drive the wheels [ 10 ] . These motors so, under braking, act as pumps to bear down collectors, where energy is stored before being released back to the power-train, conveying torsion to the driveshaft and impeling the vehicle. Fig depicts the capturing and releasing of energy in a hydraulic circuit. Examples of Commercial Hydraulic KERS There are two commercial merchandises of hydraulic intercrossed KERS on today ‘s market and both are implemented on bringing vehicles and decline truck applications. These are Parker Energy Recovery System [ 6 ] , and Eaton Hydraulic Launch Assistâ„ ¢ ( HLA ® ) [ 7 ] .Prototype testing proposes typically regenerative braking capableness captures about 70 % of the KE produced during braking, minimising the burden on the engine, and assisting to cut down fuel ingestion [ 9 ] . The hydrostatic motors, when moving as pumps during vehicle braking, besides help to decelerate the vehicle down by bring oning retarding force on the revolving drive-train ; a characteristic that helps to cut down brake wear [ 9 ] by more than 50 % [ 8 ] . Generally these systems operate at a maximal force per unit area of 5,000 PSI [ 9 ] . The intercrossed engineerings are controlled by specialised systems that are activated upon braking. The controls prevent service brake application until merely before a complete halt. They besides monitor if the energy stored in the collector falls below a preset degree, upon which the vehicle engine can be used to supply auxiliary power. You read "The hydraulic energy" in category "Essay examples" However, on vehicles with frequent stop-start rhythms, this is rarely required as even soft braking is sufficient to keep the stored energy at high degrees. The HLA ® has two manners of operation, â€Å" Economy Mode † and â€Å" Performance Mode † . When the operating in â€Å" Economy Mode † , the energy stored in the collector during braking is used entirely to ab initio speed up the vehicle. Once the collector has emptied, the engine will get down to execute the acceleration. This procedure consequences in increased fuel economic system of 30 % and provides increased acceleration of 2 % [ 7 ] . Economy manner allows for upper limit fuel nest eggs A ; maximal exhaust emanation decreases of 20 % to 30 % [ 7 ] . In Performance Mode, acceleration is created by both the energy stored in the collector and the engine. Once the collector has emptied, the engine is wholly responsible for acceleration.While a 17 % addition in fuel economic system is possible, the greatest benefit is an increased acceleration of 26 % [ 7 ] . The benefits of intercrossed solution are legion ; reduced emanations, increased brake life, and better fuel economic system. The engineering besides allows the possibility to cut down the size of the vehicle engine as this can be sized for extremum velocities, instead than for low-end torsion. Application of Hydraulic KERS to a Bicycle A squad of technology pupils from the University of Michigan [ 1 ] undertook a undertaking to utilize a hydro-pneumatic regenerative braking system on a bike. It was a renovation of a heavier old effort to do a working paradigm to suit within a 29 † forepart wheel ( fig ) . They use a 0.5 liter collector and believed this to be sufficient in hive awaying the needed energy at a maximal on the job system force per unit area of 5000psi. It ‘s weighed an impractical 13kg about every bit much as a motorcycle and is its major drawback, its weight can be accounted for by its separate high and low collectors, separate hydraulic pump and motor and its comparatively big mounting bracket. Calculations They failed to prove and therefore supply conclusive consequences for the public presentation features of their paradigm, but alternatively prescribed its cardinal public presentation parametric quantities via theoretical computations. In the same manner and based on the same computations the undermentioned subdivision outlines the public presentation of a hydro-pneumatic KERS. Storage Capacity First for a hydraulic system to be implemented the storage of fluid must be addressed, the capacity must be determined and force per unit areas needed to hive away the kinetic energy. The combined mass of bicycler and bike ( 90kg ) braking from 32km/h ( 20mph ) has 2880kJ of kinetic energy. Parker [ 5 ] ( industry of collector and motors ) rates the ACP series collectors at max force per unit area 5000psi, if presuming ideal gas jurisprudence: Braking A hydraulic KERS must utilize a hydraulic motor to supply plenty torsion to run the bike every bit good as supplying adequate resistive torsion to be an effectual brake. If the bike going at 32km/h ( 20mph ) on 0.66m ( 26inch ) diameter wheels, which spins the motor at 4632rpm through the 18:1 gear ratio of the pump cogwheel train, so this corresponds to 4.52Nm of torsion at 3000psi ( fig ) . This translates to a braking torsion of about 81.36Nm applied to the chief cogwheel due to the 18:1 cogwheel ratio. Establishing On release of force per unit area, a to the full charged 5000psi collector generates 7.57Nm of torsions ( fig ) . The 14:1 gear ratio of the motor gear train applies a 105 Nm torsion to the chief bike bunch cogwheel. 7.57Nm corresponds to around 800rpm from motors torque rpm curve ( fig ) , which turns the chief cogwheel at around 57rpm due to the 14:1 cogwheel ratio. This is an initial velocity of 8km/h ( 5mph ) which will increase as force per unit area is expended. Advantages In many applications, particularly those where high power densenesss are required, hydro-pneumatic systems offer a more efficient option to system driven by electric motors. The engineering can be used to capture and reassign high degrees of energy highly rapidly compared with likewise sized electric systems, which by and large require long periods over which batteries have to be charged. They are besides likely to hold a longer runing life than battery-powered systems. Disadvantages The chief disadvantage of a hydro-pneumatic KERS would be its weight, which is attributed to by weight of hydraulic fluid, collector stuff ( steel ) , and the fact that in application it would be necessary to hold separate high and low force per unit area collectors. Equally good as potentially necessitating separate hydraulic pump and motor. In hydro-pneumatic systems when the gas is non charged by the hydraulic fluid and therefore non hive awaying energy, the fluid can be considered dead weight. If implemented on a bike to be used as a KERS, this would be counterproductive. Last hydro-pneumatic systems are limited where consistent degrees of power are required for drawn-out periods at near changeless velocities, such as long-distance cruising. Decision The major consideration when utilizing hydro-pneumatic collector for hive awaying the energy whilst braking, is of class the loss of pressurized gas in a certain collector. It is a failure critical to safety when it plays such an of import function as braking. It is evident the hydraulic collector needed for a KERS, does non hold an overly big capacity ( pre-charged to 3200psi ) , in order to let go of adequate energy to impel a motorcycle to 32km/h ( 20mph ) . Furthermore, a hydraulic motor can bring forth 81.36Nm braking torsion which makes it an effectual brake. However based on the weight of the paradigm ( 13kg ) from the University of Michigan, it is impractical to utilize a hydro-pneumatic engineering, as it stands presently, for a bike KERS. How to cite The hydraulic energy, Essay examples

Financial Markets of Telstra Corporation-Samples for Students

Question: Discuss the main Business of the Chosen Company, its sources of risk, importane of its risk Management. Answer: Introduction: An Australian Telecommunication and Media company also known as Telstra, Telstra Corporation Ltd. operates in market voice, telecommunication, internet connection and mobile market in the country. It is the largest telecommunication company in Australia with range of services that extends to providing entertainment and television products too in the market. Since the field of business in which the company operates is a highly competitive market the ambit of risk is also vast for the company. The ever increasing risk of product obsolescence in the market is one of the highest priorities for the management to ensure continuity in the long run. Apart from the risks of product obsolescence the risk of new firms entering the market is also very high due to the enormous potential of the market. Thus, the management has to always be on its toe to maintain its market share with the objective of increasing the same in the long run. The amount of investment requires to run a telecommunication company is another factor that contribute to the overall risk environment of such companies. Making best use of available funds is an important factor to run an organization in telecommunication industry (Barikani et al., 2014). Managing the risk effectively is of utmost importance for Telstra Corporation Limited to achieve its business objectives on regular basis. Using the resources of the organization effectively and efficiently in business operations will help the company to manage its overall risk and reduce the overall risk to an acceptable level. Risk management system: The company has a separate division of research and development that looks to continuously improve the products and services that are to be offered to the customers. Huge amount of investment is made on technological innovation to deal with obsolescence if products. The company is always on the look out to find alternative investment proposals to make optimum usage of its funds to re-invest the same in the business to improve the operations within the organization (McNeil et al., 2015). Derivative financial instrument is a financial instrument that depends on another source, is also used by the company to invest its funds in financial instruments. Managing the investment in derivative instruments is essential to the successful financial management of the company. Different types of derivatives: Derivatives that are traded in a recognized stock exchange is known as exchange traded derivative. Others derivatives are traded over the counter. The company operates in both types of derivatives. Apart from the above the company also uses collateralized debt obligation and common derivative contracts along with forwards and future contracts to manage the risks in financial market. A close look at the annual reports of the company over the last five years will show us how the company has moved away from OTC derivatives to exchange traded derivatives to reduce the overall risks associated with trading in derivatives (Chance Brooks, 2015). A closer look at the annual reports of Telstra shows that over the last few years the company has been able to make efficient use of forwards and futures contracts to manage the risks associated with foreign exchange transactions. Thus, it can be said that managing in order to manage the foreign exchange fluctuations the company has made efficient use of forwards and futures contracts. Hence, the derivatives have fulfilled the purposes of the company for which these have been used by the company in the past. The use of derivative in modern business environment have increased multiple folds. As the effect of globalization has truly set-in in the global business market and the increase in the number of foreign exchange transactions, the multi-national companies have increased the usage of derivatives to deal with different risks involved in financial market. Thus, the usage of derivatives in financial market have increased after globalization (Gitman et al., 2015). The use of derivatives changes with the changes of characters, sizes and leverages of an organization. As a company gets bigger in size, i.e. its increases its operations and expands its market internationally it becomes necessary for the organization to make use of different types of derivatives to deal with different risks involved in doing business internationally. Thus, usage of derivatives changes along with the changes in sizes, leverages and characters of an organization. For a small company that has a limitation as far as the operation of business is concerned will be far less motivated to use derivatives to deal with financial risks as compare to a multi-national company (Petty et al., 2015). Conclusion: Derivatives are playing an important role in managing the overall risks associated with the financial markets in case of Telstra Corporation Limited. As the company improves its performance in the future and expands its operation further the efficient utilization of derivatives will gain more importance. References: Barikani, M., Oliaei, E., Seddiqi, H., Honarkar, H. (2014). Preparation and application of chitin and its derivatives: a review.Iranian Polymer Journal,23(4), 307-326. Chance, D. M., Brooks, R. (2015).Introduction to derivatives and risk management. Cengage Learning. Gitman, L. J., Juchau, R., Flanagan, J. (2015).Principles of managerial finance. Pearson Higher Education AU. McNeil, A. J., Frey, R., Embrechts, P. (2015).Quantitative risk management: Concepts, techniques and tools. Princeton university press. Petty, J. W., Titman, S., Keown, A. J., Martin, P., Martin, J. D., Burrow, M. (2015).Financial management: Principles and applications. Pearson Higher Education AU.

Perry Benson Essays (420 words) - Conformity, Human Behavior

Perry Benson 10/19/2017 Journal Entry #4 Social Conformity - Conforming to the Norm Social conformity and the ability to bend ones self's own opinions to fit in with others are two very powerful phenomenons within human behavior and the study of psychology itself. Social conformity is defined as a type of social influence that results in a change of behavior or belief in order to fit in with a group. There are two types of social conformity, which are normative and informational conformity. The process of normative conformity is triggered when someone wants to be liked or accepted, while informational conformity occurs when someone has the desire to be correct. Cultural Conformity and Stereotypes https://www.youtube.com/watch?v=32OaLNdRXgg In the video above it displays the idea of social conformity, but with regarding outside opinion taken into account rather then the groups. The three men in the car have a very stereotypical appearance that most people would coincide with loud music, hip-hop, aggressiveness, rambunctious behavior, and disdain for less "manly" music per se. In the beginning they are seen listening to jazz music which doesn't correlate with the stereotypes listed above. When the group spots a pedestrian up the road at a red light their approaching, they quickly turn on hip-hop/rap music at a high volume to culturally appropriate their given stereotypical appearance and behavior to an outsiders viewpoint. After they are cleared of the stoplight and out of earshot to the pedestrian they turn back on the jazz music and continue driving. Social Conformity - Normative Social Influence https://www.youtube.com/watch?v=xRH_DhiKaeQ What can also be described as social proof, normative social influence is a psychological phenomenon where people in specific social situations will mimic others, who are usually familiar in the social setting, and assume the actions of others to reflect "correct" behavior to be accepted. This is performed with the idea in mind to fit in and be well liked/accepted by others. This phenomenon is just one of the unwritten rules that guide and govern our social behavior. In the video above it includes a clip from the show "friends" which Rachael has started a new job as a non smoker surrounded by other smokers. Right off the bat she is already unfamiliar with the social setting because of her non-smoking nature. The clip continues on and her boss along with 2 colleagues leave to go smoke outside. Rachael follows along and after a few moments feels uncomfortable because she does not fit into her new environment socially. To remedy this issue she takes someone elses cigarette and includes herself into the group practicing the reactive response to the concept of normative social influence.

Sticks and Stones essays

Sticks and Stones essays For love within a family, love that's lived in But not looked at, love within the light of which All else is seen, the love within which Words not only affect us temporarily; they change us, they socialize or unsocialize us. Everyone has issues with their parents. That's just common knowledge. Most people my age will tell you they hate their parents: Not many people say that last one. On the surface, I have a great family, and therefore a great life. My mother and father have been happily married for twenty-one years. I have a younger brother, Robbie, and also a younger sister, Rachel. And we have a dog. I also have a huge extended family: one grandfather, two grandmothers, seven uncles, eight aunts, and eleven cousins. My parents both work. My mother works as a supervisor of the mammography department of a hospital, and my father works as a supervisor of a mechanical department of an aluminum plant. Also, my father sleeps during most of the day because he works the "graveyard shift." So, if you take my family for surface value, you'd probably say that I have a great family. But I'm the one who lives here. My father and I used to have a good relationship . . . back when I was four. I was "Daddy's little girl." He'd take me camping in the back yard. And I'd wear his camouflage make-up. And we'd sleep under the stars. I was his little soldier. As I have become older, my dad's become less reasonable, and more demanding. Once I received straight A's in school. After that, straight A's were mandatory. And if I didn't come through with perfect grades, I'd be grounded. Being grounded meant that I couldn't leave the house unless it was for school or because of a fire. And I couldn't watch television or make any phone calls. When I got home from school, I had to do the chores. These included doing the household laundry (washing, drying, folding, and putting away), dishes ( washing, drying, and putting away), s...

E-recruitment practices Literature review Example | Topics and Well Written Essays - 3250 words

E-recruitment practices - Literature review Example The Internet explosion and the high trend towards the digital environment have also moved recruitment to the online environment. Poorangi, Razavi and Rahmani (2011:74) define e-recruitment as the use of information technology in the recruitment process, to speed it up, improve it and ensure efficiency in recruitments. Barber (2006:1) refers to it as online recruitment, web-based recruitment or internet recruitment. Currently, a wide array of organizations has e-recruitment portals in their websites, or they conduct online recruitment through online job boards. Research done by institute of Employment studies (Barber, 2006:3) showed that most organisations use some form of online recruiting with most of them allowing applicants to apply for the jobs through corporate career sites. This research also projected that the only form of recruitment in the next decade would be through e-recruitment as more ways of making recruitment more efficient are developed. With increased efficiencies and competitiveness in the way that organisations acquire talented employees, e-recruitment practices between organisations differ in various ways. This is based on the kind of employees sought, the type of organisation and the cultural aspect of the targeted population. Therefore, e -recruitment is a process of hiring employees through internet enabled online electronic systems, such as websites. In order to use e- recruitment, it is important to have a system for administering the hiring process and enable targeted applicants to submit their details electronically. (Elkington, 2005). Thus, e- recruitment involves application of various electronic mediums such as websites, internet and online recruitment systems to hire employees in an organization. This study seeks to examine and evaluate the e-recruitment practices in employing customer service staff in Lloyds TSB in the UK and those in employing customer service staff in Bank ICICI in India. The study also seeks to examine the factors that influence e-recruitment practices, the importance of e-recruitment practices, and the role of culture in recruitment practises Factors that influence e-recruitment practices and importance of e-recruitment practices Before investigating factors that influence e-recruitment practices, it is important to examine the effects of the process on new recruitment methods. Conventional recruitment methods apply formal procedures such as job advertisement. The methods begin by determining the required applicants and their location in the job market. Then, the recruiting department embarks on the activities of attracting and persuading applicants to apply the advertised job vacancy through medium such as newspapers, magazines, radio, magazines and TV among others. When the paper applications are received, they are sorted and shortlisted. They are filed and registered to enhance assessment and monitoring during recruitment process. This is followed by com municating to the shortlisted candidates for a formal interview and further assessments. Similarly, formal letters are sent to unsuccessful applicants (Aurelia & Fallery, 2010). E-recruitment comprises of three major steps, namely attracting, sorting and contacting the successful candidates (Elkington, 2005). To attract candidates, the recruiting firm designs web pages, which apply electronic networks to advertise and locate potential applicants on the internet and online databases. Potential applicants