The Theory of Everything Book Report - 2605 Words

Since the dawn of the man we have been wanderers and explorers, looking up at the night sky, studying the stars, and pondering the origin of them. How did we get here? Who are we? Why are we here? Why does anything exist? These are questions that have baffled us since we first looked to the stars, and still do continue to linger amongst us. Will we ever know the answer to these questions? This cannot be easily answered, for we uncover new mysteries every day, but with the uncovering of one mystery, comes the discovery of another. In Steven Hawking’s â€Å"The Grand Design† and the â€Å"Theory of Everything† he discusses these mysteries that have dominated our lives since the beginning. Starting with a brief history of our understanding of the†¦show more content†¦However, there was a flaw in his laws of gravity, if objects of greater mass attract objects of lesser mass, then why do the planets not fall into the sun, and why do stars not cluster? His ans wer for this problem was much like the answer of everyone before him, that it was God keeping the planets in orbit. It was not until in 1916, when theoretical physicist Albert Einstein (14 March 1879 – 18 April 1955) created the Theory of General Relativity, which gave the answer to Newton’s problem. As Einstein looked out of his window he imagined a man in free fall, how it would look to the observer, and then he imagined what this man in free fall would look like if he were in a falling elevator. He thought that if Newton’s laws of gravity were correct, then the man should remain with his feet planted to the floor of the elevator as it falls; however, the man realistically would not have his feet planted, but rather would appear to be floating in the center of the elevator. Einstein thought to himself that Newton had to be wrong, that there was no way objects pulled other objects towards it. After eight years of research Einstein finally came up with a solution. This solution stated that objects are not pulled towards anything; rather objects of lesser mass are pushed toward s the object of larger mass. This is because matter bends the space around it. This space is known asShow MoreRelatedCharacters, Theories and Principles of George Orwells Novel 19841118 Words   |  5 Pageswould be like. A lot of these views were very accurate surprisingly. 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The, The Trunk Of The Tree Essay - 1453 Words

This is where the main problem(s) the company is facing is stated, normally it is one to three points that describes the issues. It is important as a standalone because it is the main issue. Even if you gave the company you are studying this it would still be valuable to them. It is the diagnoses. The statement of the problem is like the trunk of the tree. It is the main steam of the case study; you have to understand what this aspect is before the other four to five parts are completed. The rest branch off of this. Which makes it the most important part of the whole outline while being the shortest part. 2. Situation Analysis: This is the section where the SWOTs (Strengths, Weakness, Opportunity and Threats) are done. This is done in order to understand the entities of the problem (it is the what is _____ section). Standalone it is the description of the bases of the issues, with this some things that are wrong could be fixed. Such as in BigSpaceship, when the CEO did not know which category the company fell in. The SWOT could have provided the information for him to realize this and perhaps come up with at least one solution to his issues. When this part is compiled with the other sections it serves as a description to the areas that need to be fixed or left alone. Each section plays its own roll, this one is a description. 3. Strategic Analysis: Strategic Analysis is the trouble shooting sections. Basically every possible idea of how to fix the weaknesses from theShow MoreRelatedAnalysis Of Composition With Tree Trunks 1161 Words   |  5 Pages I viewed Fernand Là ©ger’s â€Å"Composition with Tree Trunks† (painted in 1933, using oil paints on canvas) at the Dallas Museum of Art in their permanent collection, on September 17, 2016. The painting is placed on the second floor, within a collection of 20th-century European art. 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See SD 702 sheets 1 or 2 for installation details. Mulch to tree pits in reserves shall be placed over the tree pit radially to 1000mm from the trunk of the tree or to the extremity of the tree’s drip line, whichever is the greaterRead MoreThe Giving Tree1445 Words   |  6 PagesThe Giving Tree The Giving Tree is a story about the relationship between a boy and a tree.   When the boy was young, the tree and he became really good friends.   The tree is like a provider for the boy and always gives him what he needs, such as vines to swing from, shade to sit in, apples to eat, branches to build a house, a trunk to build a boat and a stump to sit on.   As the boy got older, the tree would allow the boy to mutilate her and take her branches, apples, and trunk. The tree let the boyRead MoreSummary Of The Giving Tree 1706 Words   |  7 Pages2016 The Giving Tree The Giving Tree is a story about the relationship between a boy and a tree. When the boy was young he and the tree became very close friends. The tree is seen as a provider to the boy and always gives him what he needs. As the boy grew, the tree gave more. These things include vines to swing from, shade to sit in, apples to eat, branches to build a house, a trunk to build a boat and a stump to sit on. He, the boy wanted more from her and because the tree loves the boy a lotRead MoreA Formal Analysis Of Was Bright Day By Douglas Campbell1244 Words   |  5 Pagesilluminating the forest. The angle that this piece was portrayed was from the level of a human eye. As if someone was walking on a forest trail and looked around, but instead of seeing fare in the distance, tree trunks and leaves block their view. The trees are seen only from the bottom of there trunks, just as if someone was looking strait ahead. How the painting is hanging portrays this as well. 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Paulo Freire and Walker Percys Liberal Method of Education free essay sample

This paper discusses the work of Paulo Freire and Walker Percy who revolutionized the traditional view of educational thought. This paper discusses the methods and observations Freire and Percy use to explain that true knowledge is not measured by good academic standing, but rather by how an individual effectively relates what he learns to real life. The author states that just as the students adjust themselves to material facts and reality, instructors, in the same way, must adapt to the constant change that occurs to his/her students learning. `Walker Percys thesis is that people will experience learning if they will not allow themselves to be influenced by preconceived notions and ideas about things that they want to discover and explore. He stated that people do not learn in the real sense because they lack the surprise of discovery, an essential requirement for learning. An example supporting this statement can be found as an example in Percys essay. We will write a custom essay sample on Paulo Freire and Walker Percys Liberal Method of Education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page `

International financial management

Concepts of Exposure Currency Exposure Risk The exposures caused by the unanticipated fluctuations in foreign currency rates and consequently, changes in the value of booked flow of finances are referred to as currency exposure risk. To overcome the currency exposure risks, businesses may use hedging technique or achieving efficiency in operational capacity of their businesses. These types of exposures are also referred to as cash flow exposures (Siddaiah, 2010; Eiteman, Stonehil, Moffett, 2010).Advertising We will write a custom essay sample on International financial management specifically for you for only $16.05 $11/page Learn More Translation Exposure Risk Financial transactions of an organisation which are recorded in foreign currencies and are then converted into the local currency of an international business for presentation in the financial statements are subject to translation exposures. Worldwide, following techniques are used by multination als for managing currency translation: Temporal method Current/noncurrent method Monetary/nonmonetary method Current rate method (Siddaiah, 2010; Eiteman, Stonehil, Moffett, 2010). Economic Exposure Risk The changes arising in multinationals’ future cash flows due to the changes in foreign exchange rates are referred to as economic exposure risk. Economic exposure can further be classified as operating exposure and transaction exposure (Siddaiah, 2010; Eiteman, Stonehil, Moffett, 2010). 2. If the exchange rate of EUR/USD was 1.2868 in 30 days then a loss of $10,000 i.e. the difference of $138,680 – $28,680 would be recorded in the profit and loss account as an exchange loss for the period related to business dealing with the European customer (Madura, 2012). As DGP INC is a retail business operating in Europe and the Euro has shown appreciation against the US Dollar in the foreign currency market, it would directly effect DGP INC operations as it would be importing goods at a cheaper price. On the other hand, DGP receivables would be off lesser value as compared to their previous values. Such transactions effect entities’ economic activities (Apte., 2010). Translation exposure exists in transactions as now the receivable equal to Euro 1 is worth $1.28, whereas, before it was worth $1.38 to 1 Euro. 3. If the exchange rate was EUR/USD 1.4868 in 30 days, a gain of $10,000 would be recorded in the profit and loss as an exchange gain, i.e. the difference $138,680 – $148,680. But here, the effects would be opposite as the scenario changed here as the Euro is depreciating against the Dollar. Now, DGP INC would be importing expensive goods and the receivable would be off greater value as it can be noted that the company would record a gain after translation, which would affect entities’ cash flowing activities (Das, 2013).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Translation exposure exists in the transaction as now the receivable equal to Euro 1 is worth $1.48, whereas before it was worth $1.38 to 1 Euro, but now the company would purchase less as now the Euro is worth less compared to US Dollar. 4. Company should use short hedge technique in order to reduce such risk by locking the amount of sale price with the buyer so that if there are any increase or decrease in exchange rates, it would not affect the sale price of the entity. To simplify, this hedging techniques allow a business to base its position according to the environment in the market on short term basis (Giddy, 2013). For example, to hedge funds of DGP INC during unfavourable market conditions, it may opt to go for locking transactions with clients in the international markets. Let us suppose, if DGP engages in business with ABC business across continent, than it would go for locking the amount of sale price with ABC. It is important to notice here that DGP should be efficient enough to gauge the market environment and anticipate a translation value that suits both parties and does not hurt their interest. Now, even if there are any unexpected changes in the exchange rate, the deal between DGP and ABC will stand as it is and the change in the exchange rate wouldn’t affect the sale price of the entity. To provide another example of avoiding exposure risks is the money market hedging technique for DGP future foreign exchange deals. Taking ABC INC as a client, DGP INC would sell its products to its client by borrowing the same value of sale receipts from a bank in ABC INC’s local currency and then pay out ABC INC’s local currency denominated amount for the purchased products. The cost involved in this transaction is the interest rate on ABC INC’s local currency loan, which is somehow less costly than the other hedging techniques. Reference List Apte. (2010). International Financial Management. New Delhi: Tata McGraw-Hill. Das, D. (2013). International Finance: Contemporary Issues. London: Routledge.Advertising We will write a custom essay sample on International financial management specifically for you for only $16.05 $11/page Learn More Eiteman, D., Stonehil, A., Moffett, M. (2010). Multinational Business Finance 12th Ed. New Jersey: Prentice Hall. Giddy, I. H. (2013, June 25). Corporate Hedging: Tools and Techniques. Retrieved from: http://pages.stern.nyu.edu/~igiddy/articles/hedging_techniques.html Madura, J. (2012). International Financial Management, Abridged Edition. NY: Cengage. Siddaiah, T. (2010). International Financial Management. New Delhi: Pearson Education India. This essay on International financial management was written and submitted by user Jonah A. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. International Financial Management Introduction In contemporary business environment multinationals are establishing their manufacturing plants in countries with cheap factors of production and whose international and local markets are booming; India and China are among the most favored countries by multinationals. Current campaigns to conservation the environment have grown renewable energy industry in different parts of the world.Advertising We will write a custom report sample on International Financial Management – Rainbow Company specifically for you for only $16.05 $11/page Learn More Rainbow Power Company is an Australian multinational that manufactures and sells renewable energy products; the company wishes to establish whether it should follow other multinational strategy of establishing production lines in either China or India (Charles, 2011). This paper discusses the opportunities and threats that Rainbow Company could face after establishing production line in either I ndia or China; at the end of the report, the report will give recommendations to the company on the best country of the two to establish a production line. The nature of the renewable/sustainable energy technology market India and china have the potential of using renewable energy sources as they have solar, wind, water, and geothermal energy potentials. India and China have sunshine throughout the year a factor that favor a production of solar panels; India has the capacity of producing 250KWH per month with only Rs. 5 Lacs. China has over 400 photovoltaic (PV) which in 2007 was able to produce 1700 MWs of solar panels where 99% of them were exported. The main manufacturers of solar panels that the Rainbow would have to compete with include GCL-Poly Energy Holdings Limited, Yunnan Semi-conductor Parts Plant, and Guofei Green Energy Source. India is considered as the â€Å"wind Superpower:, the country has a potential of developing 45000MW from its 13 main states. Such a potential is the opportunity that Rainbow Company should utilize on and come up with gadgets to tap the potential. India has potential of producing hydro-energy with only 20% of the country’s potential having been utilized; this shows that if Rainbow was to venture in the market, there are some blue oceans that it can take advantage (Gevorg, 2011). China on the other hand has wind potential that in 2010 wind energy accounted for 41.8 gig watts (GW) of the national electricity production; the government has plans to have the production and use of wind energy increased to 100 gig watts (GWs) by 2015. With the prospects that the government has, Rainbow Company has the opportunity of selling its products to the fast growing demand of the renewable energy products. The chart below shows the tread of use of wind energy in china: Chart 1 Wind power in the PRC 2005 2006 2007 2008 2009 2010 Capacity (MW) 1,260 2,599 5,912 12,170 25,100 41,800 Production (GW ·h) 1,927 3,675 5,425 12, 425 25,000 India produces high fiber wastes from sugarcane, food grains, vegetables and fruits among other agricultural products; the wastes can be fermented to produce biogas that can be used as another source of energy. The main companies that Rainbow will have to compete with in India include Suzlon Energy, Moser Baer, Tata Power / Tata BP Solar, and Orient Green Power (Ranjini, 2007).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Chart 2 Ten of the largest hydroelectric producers as at 2009 Country Annual hydroelectric production (TWh) Installed capacity (GW) Capacity factor % of total capacity China 652.05 196.79 0.37 22.25 Canada 369.5 88.974 0.59 61.12 Brazil 363.8 69.080 0.56 85.56 United States 250.6 79.511 0.42 5.74 Russia 167.0 45.000 0.42 17.64 Norway 140.5 27.528 0.49 98.25 India 115.6 33.600 0.43 15.80 Venezuela 85.96 14.622 0.67 69.20 Japan 69.2 27.229 0.37 7.21 Sweden 65.5 16.209 0.46 44.34 Currently China produces 197 GW of hydropower generating capacity; this only caters for the country’s power usage of 23%; with such a statistic, the country has potential of using more of the energy thus if rainbow was to establish its business in the country there are high chances that it will benefit from the increased demand of electricity (Gevorg, 2011). The country situation and risks in India and China According to Ease of Doing Business Index is an index created by the World Bank in 2011, for 183 countries India was ranked 134, 133, and 132 in the years 2008, 2009, and 2010 while China was ranked 79, 89, and 86 for the years 2008, 2009, and 2010; the index considered different parameters that are likely to affect business and new establishments. China and India have highly modern developed infrastructures; these are both of transport and those of communication. The systems are advanced so well that asses to the countr ies from any corner of the world is highly enhanced, the airports, the sea port, and internal transport are well managed and assessable. The communication network within and without is of high-tech. This is an asset to the business since it reduces the cost of doing business, on the other hand the international market are enhanced at all lengths. The sectors have seen the private and public participation, this boosts the efficiency of the systems and thus one can trade with approximate assumptions. There is what the government refers to as private public partnership that is aimed at maintaining the infrastructures. Chinese and Indian governments are offering incentives to those companies that are making products to increase the use of renewable energy. Indian policy on encouraging the use of renewable policy has been for long been influenced positively by world trade organization requirement. There are direct incentives that Rainbow is likely to get from the two countries government s. Some of the incentives are direct for example taxes and those to facilitate trade. The taxes that have been reduced include, corporation taxes, value added taxes as well as customs. An example to portray the above incentive is the Corporation tax of 15% that is subsidized from the general rate of 30% when an investment is done in the Special Economic Zones at the southern part of the country. For instance getting a visa and business permit to China is one of the simplest ways. No restrictions and thus trade is highly advantaged. This will be of great assistance in tapping world carpet business (Barney, 2007). Indian and Chinese financial sectors are well developed with the privatized and government participation in the sector. The banks are stable enough to sustain the growing economy. On the other hand, although this may not have a direct impact on our business there is the emergence of micro finance institutions in the country, the institutions are giving a lot of support to th e small scale trader evident in the country.Advertising We will write a custom report sample on International Financial Management – Rainbow Company specifically for you for only $16.05 $11/page Learn More Thinking of the economy from that angle, it means that the manufacturing businesses will eventually benefit. Insurance companies are also a backbone of investment sector of an economy. The insurance companies are stable enough and can handle big losses without going under. At the same time, there are reinvestment insurance companies that help in maintaining stability even further. The banking sector has enabled firms to get loans at favorable rates. The insurance and the banking sectors will thus have a direct and indirect effect. From a direct point it means we stand to benefit the efficiency of this institutions and from an indirect point is that as the other sectors get empowered the benefit trickle down to my business. China was among the f ew world countries who were able to record an increased economic growth; the exchange rates in the countries remained relatively stable than the case was for India. The type of FDI to further minimize risks The demand for reliable energy source in China has made the country’s government to develop some incentives to FDI to minimize their risk in doing business in the country. Some of the policies that the government has enacted include investment deductions, zero rating of photocell products and offering taxation holidays to foreign companies in the economy. The government of India on the other hand is sensitive on its needs to energy and seems to engage in transactions that involve the development of renewable energy sources; the government has joint ventures with renewable energy producers in the efforts of reducing risks associated with the business and encourage them produce further. In the Indian budget, the government allocates some funds for the use by renewable solar energy products manufacturers in the efforts of supporting their moves and availing funds at an affordable competitive rate (Zachary and Katrin, 2008). Recommendation Considering the opportunities, threats, risks, and strengths of doing business in either China or India, it is highly recommended that Rainbow should establish an operating firm in China. Today in the world there has a large focus on trading with China. China is slowly portraying itself as the world economic driver; this means that each and every country, individuals and the companies are considering China as the trade partner, a thing that has boost in the economy of the country; companies in the economy not only depend with the local market for their business but has high access to international customers. The fact that each country is willing to trade with it has set the country in the pace, now heading to be a political neutral country. As nations get more confident in the country, the more they will be willing to trade with China and thus the market stands to gain. This stands to have a positive effect on the business since we will not be depending on local market alone but the entire world (Easson, 2004)Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More China has come up as a bargaining market where traders interact as an open market. As the world come to fetch for varieties, we will be one of those variety providers. An example is the African countries that have diverted there trading to China and killing the predominant markets of the west. This has been as a partnership kind of trading where you will find contractors in Africa from china. The way the contracts are made is in such a way that there is a long relationship created. The growth rate of the economy of China has always, for the last three decades, remained on a positive note. There have even been some rates recorded as high as 12%. This is an element to show the strength of the economy as well as it gives us the hope of continuity in the market. This growth has enabled China to be seen as the emerging world economy. The rate of growth is another indicator of a stable political environment that encourages local and international investors to invest. With such a rate of e conomic growth it leads to the easy options of diversity of the business. When an economy is growing one major demand that will be there is demand for energy; this Rainbow will have ready market for its products. When comparing the ease of doing business between China and India, China is rated far better than India thus Rainbow can establish the business in the country easier (Reuvid and Li, 2005). Conclusion When multinationals are considering the country to develop a manufacturing plant they consider the business atmosphere in the country. When comparing China and India, it is advisable for Rainbow Power Company to venture in the Chinese market as the business environment is more favorable than in India. Other than normal business environment, Chinese government has projects to promote the use of renewable energy thus companies in the industry are benefiting government incentives and support. The fast economic growth rate of China is another opportunity that Rainbow can tap from t he Chinese market; China fast industrializing thus demand for energy keeps increasing. Growth in international trade also favors China than India, with the growth in international trade, Rainbow will benefit from local and international markets. References Barney, J. B. ,2007. Gaining and sustaining competitive advantage. Upper Saddle River: Pearson Prentice Hall. Charles, W.L., 2011. International Business: Competing in the Global Marketplace. New York: McGraw-Hill. Easson, A.J. (2004) Tax incentives for foreign direct investment. Boston, Kluwer Law International. Gevorg, S.,2011. Unleashing the Potential of Renewable Energy in India. Geneva: World Bank Publications. Ranjini, M., 2007. Doing Business in India For Dummies. New York: For Dummies. Reuvid, J. and Li, Y., 2005. Doing business with China. London: GMB Publishing Ltd. Zachary, A. and Katrina D. , 2008. Renewable and alternative energy resources: a reference handbook. New Jersey: ABC-CLIO. This report on International Financial Management – Rainbow Company was written and submitted by user Tessa Rhodes to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.