Economics and Correct Answer - Free Essay Example

Sample details Pages: 2 Words: 712 Downloads: 1 Date added: 2017/09/24 Category Advertising Essay Type Argumentative essay Did you like this example? Tu oi, minh co 2 bai Quiz 4 day. Quiz 3 thi de minh tim da nhe, hinh nhu khong luu thi phai. Linh Question 1 10 out of 10 points A monopoly will usually produce Answer Selected Answer: where its demand curve is elastic. Correct Answer: where its demand curve is elastic. Question 2 10 out of 10 points Suppose a firm is currently maximizing its profits (i. e. , following the MR=MC rule). Assuming that it wants to continue maximizing its profits, if its fixed costs increase, it should Answer Selected Answer: maintain the same price. Correct Answer: maintain the same price. Question 3 10 out of 10 points A firm that seeks to maximize its revenue is most likely to adhere to which of the following? Answer Selected Answer: MR =0 Correct Answer: MR =0 Question 4 10 out of 10 points Assume a perfectly competitive firms short-run cost is TC = 100 + 160Q + 3Q2. If the market price is $196, what should it do? Answer Selected Answer: produce 6 units and continue operating Correct Answe r: produce 6 units and continue operating Question 5 10 out of 10 points When a firm has the power to establish its price, Answer Selected Answer: P ; MR. Correct Answer: P ; MR. Question 6 10 out of 10 points Which of the following characteristics is most important in differentiating between perfect competition and all other types of markets? Answer Selected Answer: whether or not firms are price takers Correct Answer: whether or not firms are price takers Question 7 10 out of 10 points In economic analysis, any amount of profit earned above zero is considered above normal because Answer Selected Answer: this would indicate that the firms revenue exceeded both its accounting and opportunity cost. Correct Answer: this would indicate that the firms revenue exceeded both its accounting and opportunity cost. Question 8 10 out of 10 points A perfectly competitive firm sells 15 units of output at the going market price of $10. Suppose its average cost is $15 and its average variabl e cost is $8. Its contribution margin (i. e. , contribution to fixed cost) is Answer Selected Answer: $30. Correct Answer: $30. Question 9 10 out of 10 points Which of the following is true for a monopoly? Answer Selected Answer: P ; MR Correct Answer: P ; MR Question 10 10 out of 10 points Which of the following products is the best example of perfect competition? Answer Selected Answer: apples Correct Answer: apples 2010/1/26 Linh DoQuy Workmail ;[emailprotected] com; Question 1 10 out of 10 points Which of the following conditions would definitely cause a perfectly competitive company to shut down in the short run? Answer Selected Answer: P ; AVC Correct Answer: P ; AVC Question 2 10 out of 10 points Which of the following products is the best example of perfect competition? Answer Selected Answer: apples Correct Answer: apples Question 3 10 out of 10 points Which of the following is true for a monopoly? Answer Selected Answer: P ; MR Correct Answer: P ; MR Question 4 10 ou t of 10 points When a firm produces at the point where MR = MC, the profit that it is earning is considered to be Answer Selected Answer: Not enough information is provided. Correct Answer: Not enough information is provided. Question 5 10 out of 10 points Assume a profit maximizing firms short-run cost is TC = 700 + 60Q. If its demand curve is P = 300 15Q, what should it do in the short run? Answer Selected Answer: continue operating because it is earning an economic profit Correct Answer: continue operating because it is earning an economic profit Question 6 10 out of 10 points A perfectly competitive firm sells 15 units of output at the going market price of $10. Suppose its average cost is $15 and its average variable cost is $8. Its contribution margin (i. e. , contribution to fixed cost) is Answer Selected Answer: $30. Correct Answer: $30. Question 7 10 out of 10 points Which of the following is not characteristic of perfect competition? Answer Selected Answer: a different iated product Correct Answer: a differentiated product Question 8 10 out of 10 points If a perfectly competitive firm incurs an economic loss, it should Answer Selected Answer: shut down if this loss exceeds fixed cost. Correct Answer: shut down if this loss exceeds fixed cost. Question 9 10 out of 10 points At the point at which P=MC, suppose that a perfectly competitive firms MC = $100, its AVC = $80 and its AC = $110. This firm should Answer Selected Answer: continue operating in the short run. Correct Answer: continue operating in the short run. Question 10 10 out of 10 points When MR = MC, Answer Selected Answer: total profit is maximized. Correct Answer: total profit is maximized. Don’t waste time! Our writers will create an original "Economics and Correct Answer" essay for you Create order

Psychological Perspectives of Smoking Essay - 1114 Words

Psychological perspectives of smoking This essay will consider how each of the 5 psychological perspectives explain smoking. I will cover the psychodynamic, the behaviouristic, the biological, the cognitive and the humanistic approach. Psychodynamic approach The psychodynamic approach views behaviour in terms of past childhood experiences, and the influence of unconscious processes. There are five psychosexual stages in Freud’s theory, the first being the oral stage during which the infant focuses on satisfying hunger orally. Sigmund Freud believed that during this stage of development the person can become fixated in the oral stage of development. An infants pleasure and comfort centres on having things in the mouth during this†¦show more content†¦Ivan Pavlov conducted an experiment where he had surgically implanted tubes into the cheeks of dogs to monitor the secretion of saliva whilst the dog was eating. (Pavlov, 1902) He noticed that the dog started to salivate before the food was put in its mouth. He then presented to food to the dog whilst playing the sound of a metronome, eventually the dog started to salivate when just hearing the metronome alone. This can be related to smoking using the following model: Conditioning diagram Peer groups before conditioning acceptance and happiness Peer groups + Smoking during conditioning acceptance and happiness Smoking after conditioning acceptance and happiness One of the main strengths of the behaviourist approach is that it focuses only on behaviour that can be observed and manipulated. Therefore, this approach has proved very useful in experiments under laboratory conditions. On the other hand this has been criticized for suggesting that most human behaviour is mechanical, and that human behaviour is simply the product of stimulus-response behaviours. The biological approach The biological approach looks at our genetics to construct a reason why we act the way we do and why we develop abnormal behaviours. This approach suggests that the reason people smoke is a biological addiction from a chemical in cigarettes called nicotine. Nicotine is a chemical that altersShow MoreRelatedPsychological Perspectives On Mental Health Disorders1728 Words   |  7 Pagesinclude mental health. Psychological perspectives are the different ways in which psychologists look at individual’s behaviours, thoughts and feelings. Although some of the psychological perspectives are very different while others are similar and seem to overlap, it is important to note that there isn’t simply one correct perspective and that each of the perspectives has their strengths and weaknesses. In this essay I am going to look into the different psychological perspectives and how they offerRead MoreContribution of Psychology and Social Psychology to the Study of Health and Welfare Issues1358 Words   |  6 PagesContribution of Psychology and Social Psychology to the Study of Health and Welfare Issues In this assignment I will be comparing and contrasting two psychological approaches demonstrating their relevance to understanding a health issue. The issue that I will be applying the two psychological approaches to is Smoking. The psycho dynamic approach denotes the active forces within the personality that motivate behaviour, and the inner causes of behaviourRead MoreResearch Study On College Age Smokers1083 Words   |  5 PagesHealthy, 2007. This study had aimed discern more information about the perspectives of college-age smokers. Studies are done in subjugation of smokers to understand what may influence this unhealthy behavior, as in all psychology: understanding the root and trigger of a problem may bring the solution. This study has specifically focused on the college-age population of smokers in an aim to understand the cause and cessation of smoking cigarettes. In result, the study has concluded that college-age smokersRead MoreLearning Experience Paper : Smoking Cessation Essay1185 Words   |  5 PagesExperience Paper: Smoking Cessation Throughout one’s lifetime, an individual undergoes a magnitude of various learning experiences, all of which serve as a shaping agent, consequently forming personality traits that are unique to each human being. Examining this fact further, what does learning mean, precisely? Namely, the definition of learning is the resulting change in behavior or knowledge that occurs through experience (Boundless, 2016). Moreover, (from a psychological aspect) associativeRead MoreBehavioural Perspective Model1448 Words   |  6 PagesThis article briefly explains the Three-term contingency and the Behavioural Perspective Model (BPM). It further draws upon the BPM to examine the extent to which all of the elements of the BPM could be combined to produce a more effective social marketing initiative to influence students not to smoke in the university cafeteria. What is Behaviour Perspective Model? It is an extension of the Three-Term contingency. The Three-term contingency was devised by Skinner to influence the behaviourRead MoreIs The National Tobacco Campaign? Essay1616 Words   |  7 Pagespsychology) is considered so imperative in today s healthcare environment. In addition, the health promotion source that this essay will be examining is the National Tobacco Campaign, aimed at altering smoking behaviours, plus the associated advertisement strategies used, and lastly the psychological theories associated. According to the Australian Government Department of Health website (2013), The National Tobacco Campaign (NTC) is a nationally recognised health promotion movement (provided underRead MoreEssay Advertising Has Played a Major Role in Human Society656 Words   |  3 Pagessexuality, celebrity, fantasy, and creativity. Comedy is also being used as a magnet to alert people of the advertisement. For example, an ad of the Indian Cancer Society has successfully applied the humor tone on male sexual organ as the consequence of smoking. It is a simple picture which is constructed with three major images. The image of a cigarette appears vividly behind a dark background. As we look carefully, we notice that the cigarette on the right side is wrinkled and bended downward in a wayRead MoreThe Change Of Unhealthy Lifestyle979 Words   |  4 Pageschildren and adults these days live unhealthy lifestyles. They are eating more processed food and fast food. Lack of sleep and alcohol are also common in unhealthy lifestyles. Some people are even born into families that have unhealthy habits such as smoking. The most common causes of an unhealthy lifestyle are an unhealthy diet, substance abuse and sexual promiscuity. To improve life, those unhealthy ways should change to eat healthy, avoid substance abuse, and promiscuity. First, American people nowadaysRead MorePros And Cons Of Utilitarianism1354 Words   |  6 Pagesact in question. Physical sanctions can be described as â€Å"bringing physical pain or pleasure (Gluchman, 2016). Examining this theory from a psychological perspective, sanctions can be associated with compliments, or awards. In relation to my personal ethical dilemma, the physical act of smoking did not bring me happiness, rather the assumption that by smoking I would be accepted by my peers. Although I was aware of societies stance on underage consumption, I did so simply to get a sensation of happinessRead MoreThe Effects of Tobacco Consumption1022 Words   |  4 Pagescontinue to accept smoking as one of the principal vices that society has to deal with. It is certainly worrying that people are presented with the harmful effects of smoking at a young age and that many come to ignore these effects later in their lives. Addiction and societys pressures influence individuals in ex pressing little to no interest in their wellbeing and in the wellbeing of individuals around them. When asking a typical cigarette smoker why he or she took up smoking, he or she is likely

Their Effect On Organizational Performance - Myassignmenthelp.Com

Question: Discuss about the Their Effect On Organizational Performance. Answer: Introduction Organizational development has important features that will increase sustainability on the basis of effectiveness. The managers and the organizations are willing to get engaged in employees commitment which will improve their productivity. It is the duty of the employees to understand the organizational culture and to assist other employees or co-workers in the organization. Moreover, it is the responsibility of the management to maintain a healthy learning environment in the organization. One of the most important ideology that explains the interest of organizational culture is that it leads to increase in organizational performance. This performance comprises the actual production and outcomes of the organization (Naranjo-Valencia, Jimnez-Jimnez Sanz-Valle, 2016). There is no such single measure that will provide a performance target and thus the managers will have to choose the operational as well as financial performance. The idea that is associated with organizational performanc e is associated with success and endurance in the organization. The dimensions in the balance scorecard such as financial perspectives, customer perspective, learning perspective, internal and business perspectives. Balance scorecard is regarded as a one of the most critical and vital tool that provides a proper framework to ensure that culture and strategy in an organization is translated into a set of rational performance in the organization. It can be said that the performance measurement system in an organization will assist in enhancing organizational culture and also help in achieving the goals and objectives in a proper way (Nielsen George Hrivnak, 2018). This paper will discuss how culture plays an important role in the organization. The paper will also highlight the theories of organizational culture in the workplace. Interrelationship between organizational culture and performance in oil and gas industry The culture of an organization is based on such systems that will help to define how the employees will take important decisions in the organization. The culture can be regarded as a combination of values, beliefs and assumptions that will be beneficial to carry out business. There are four important functions of organizational culture such as enhancing the commitment, provision of sense of identity, strengthening the organizational values and then shaping the behavior through different types of control mechanism. The performance indicators involve the behaviors and results that will be involved in the leadership and management development in an organization. The performance in an organization is defined as the basic return for instillation of strong culture in an organization (Chatman, Caldwell, O'Reilly Doerr, 2016). It can be said that organizational culture has the capacity and ability to increase awareness about organizational performance and problem solving. When organizationa l culture becomes incompatible with the dynamic and varied expectations of internal as well as external stakeholders in the organization. The culture and performance of the individuals in an organization are associated with each other and thus there relationship is considered to be miscellaneous in the organization. The impact of organizational culture on the behavior and performance are based on certain basic ideas such as having proper knowledge of the organizational culture and understanding the history and functioning of the oil and gas organization. Moreover, it can be said that organizational culture raises the devotion in the philosophy and values of the organization. The commitment helps in the creation of shared values that will help in achieving the goals of organization (Bergh, Ringstad, Leka Zwetsloot, 2014). The organizational culture with its norms has control mechanism so that it will help to direct the behaviours and thus stay away from unfavourable behavior in the organization. It will also help in selection, recruitment and retention of the employees whose values will match with the other organizational values. This type of culture will be linked directly to performance and greater efficiency than the other. The dominant culture in an oil and gas organization will depend on an environment in which the company will operate and thus help in fulfilling the organizational objectives (George, Siti-Nabiha, Jalaludin Abdalla, 2016). The bureaucratic and well structured organization will follow such a culture that will have extensive control. The employees will follow the standard procedures with adherence to proper individual roles and hierarchy in an organization. In certain cases, sales may also forgo strict hierarchy and thus follow a competitive culture in maintaining strong relations hip with the third party or other external parties. The major instance in this case is to attain such a strategy where competitive advantage will play a stronger role over competition (Acar Acar, 2014). Advantages of organizational culture in oil and gas industry Strong corporate culture also has certain advantages and it indicates that the employees will have similar thoughts and opinions. Moreover, they will also hold similar ethical values and when this values align with the business objectives in an organization, it will be more effective in team building which will help in building rapport with the co-workers in the organization. It can be said that strong corporate culture will also help to ease the roles and responsibilities associated with communication of the individuals in an organization. The employees must expect and know what to do and how the management will handle them and assess their performance in the organization (Griffin et al., 2014). It can be said that organizational culture also has varying impact on the motivation as well as performance level of the employees. The workers in an organization work harder so that they can achieve the organizational goals and thus consider themselves to be a part of corporate culture. For example, in certain cases, the organization has to arrange reserved talk with the employees so that they can maintain organizational culture and thus it will facilitate the employees to work in co-ordination with the employers (Hannevik et al., 2014). Organizational culture and employee performance The organization must also structure their own recruitment process to engage and attract incumbents with the same trust and belief. It will ensure assimilation of employees in the organization and thus strengthen organizational culture. In certain cases, it has been found the corporate culture aligns with the performance managements system. If the culture and management are not aligned, it will redirect to the behavior of the employees which will result in the achievement of organizational goals. There are various definitions of organizational culture that are proposed by different researchers over the passage of time. Organizational culture is defined as the pattern of basic assumptions (Hartnell et al., 2016). The basic premises and the problems that are related to external adaptation and integration in the organization. In certain cases, organizational culture tends to be a series of certain assumptions which will lead to action and interpretation in the organization by highlighti ng the behavior for different positions. It also includes adaptability, mission, consistency and involvement in the organization. Moreover, organizational development can also be regarded as the most important variable that has been studied from decades. It has been defined as the relative degree in recognition with the company and involvement with it. The major benefit of organizational culture in the oil and gas company is to form a supply chain so that it will help to understand the behavior of the employees and the working conditions of the employees. It will also help in achieving the overall objectives and thus attract new employees in the organization (Ocasio, 2018). Nature of organizational culture in oil and gas company The globalized nature of competitiveness in the oil and gas market is putting more pressure on the organizations that are operating in these industries and thus it will help to develop organizational structure and culture. The cultural aspect of collaboration and trust will contribute positively to the oil and gas company and thus respond to the customers needs, environmental changes and growth. It will also help the employees to improve their performance in terms of quality of services and products. It can be said that cultural aspects can facilitate performance in the oil and gas companies by developing suitable workplace for the employees to share their knowledge with the other employees. Decentralization within the oil and gas company will also enable to identify the changes in the external environment and then adopt these changes accordingly. The frequent pace of change has put a premium ability to adapt quickly to the changing conditions in the oil and gas industry. The compani es must tend to make a tradeoff between stability and dynamism and this will help the organization to handle both these factors at the same time. The oil and gas company must control the in-house and the supply chain relationships and it will resemble the corporate culture in the organization. These developments are considered as part of the market and cost pressures that will lead to unsustainable operators and thus find cheaper ways of working (Valmohammadi Roshanzamir, 2015). The digital technologies are deployed in the core upstream operations and thus it disrupts the business model. The oil and the gas companies must take a close look at the value drivers and thus it will help in the creation of entry points along the value chain in the organization. Thus, it can be said that organizational culture can be regarded as shared mental assumptions and thus it leads to interpretation and action in the organization.. It is essential that an oil and gas company has a supportive couture and maintain good relationship among various factors such as job aid, promotional opportunities, effective feedback and others. Such type of culture is beneficial for oil industries as it reduces rate of absenteeism among the employees. Such type of culture is important for an oil industry because they require large amount of staffs to work in different department and a good friendly culture will allow them to work together and give good production (Ogunyemi et al., 2015). Moreov er, keeping a supportive culture within the organization will help the employees in the oil company to use sophisticated and complex technology easily as seniors will always be ready to help the juniors. Importance of organizational culture is increasing in oil and gas industry due to increasing globalization and competitive nature of the market. Thus, a better organizational culture is a best way a company can encourage its employees to improve performance and solve critical technologies by itself. Results/Findings Organizational culture affects various companies in various ways. This highly depends on the type of business one is conducting and different variables of the business. One such company is Oil and Gas Company that has various types of cultures within their organization that affects different aspects of the business in a great way. One of the important variables that are affected due to differences in organizational culture is employees performance. Having varied culture within an organization may affect the performance of the employee in a great way (Hiatt, Grandy Lee., 2015). Oil and gas industry also faces cultural challenges over the years in maintaining good culture in their environment and benefitting the employees. Oil and gas industry is facing huge challenges as it is getting reduced amount of oil reservoirs, which is enabling them to give proper opportunities to its employees. On the other hand, lack of oil availability is making its difficult for the oil companies to maint ain good relation with other companies, which is putting their culture at stake. However, the employees also face a lot of difficulty in communicating with the stakeholders at the time of crisis, which put the organizational culture at stake (Dupuis, 2018). Recommendations The work environment and the complexities in the oil and gas industry has increased the difficulty of setting equal standards in the industry. The following recommendations may be beneficial for improving the work culture and organizational performance in the oil and gas industry. The industry leaders can work towards cultural change by promotion of collaboration with the other regulatory groups for safety among the workers and contractors There must be safety and environmental standard in the organization that will help in the preparation of incident report and data to the public in a timely manner. Less emphasis must be given on formalization and thus it will provide the experts to handle their work operations that will lead to higher job satisfaction in the oil and gas company (Dupuis, 2018). Conclusion From the above analysis, it can be deduced that organizational culture has huge impact on various aspects of the business and its employees. It has been seen that the culture in an organization has both negative and positive impact on the organization. It is a factor that helps in determining the performance of the employee to a large extent. Further, it can be stated that the organizational culture has a lot of impact on the effectiveness of the business in a great extent. Such impact of organizational culture on organizational and employee performance has been largely visible in oil and gas industry as the employees have to be supportive in order to use sophisticated technologies in the reservoirs. Reference Acar, A., Acar, P. (2014). Organizational culture types and their effects on organizational performance in Turkish hospitals.Emerging Markets Journal,3(3), 18. DOI 10.5195/emaj.2014.47 Bergh, L. I. V., Ringstad, A. J., Leka, S., Zwetsloot, G. I. (2014). Psychosocial risks and hydrocarbon leaks: an exploration of their relationship in the Norwegian oil and gas industry.Journal of Cleaner Production,84, 824-830.doi.org/10.1016/j.jclepro.2013.09.040. Chatman, J. A., Caldwell, D. F., O'Reilly, C. A., Doerr, B. (2014). Parsing organizational culture: How the norm for adaptability influences the relationship between culture consensus and financial performance in high?technology firms.Journal of Organizational Behavior,35(6), 785-808. DOI: 10.1177/1059601114550713. Dupuis, J. (2018).International Encyclopedia of Organization Studies(pp. 1036-1040). Sage Publication. George, R. A., Siti-Nabiha, A. K., Jalaludin, D., Abdalla, Y. A. (2016). Barriers to and enablers of sustainability integration in the performance management systems of an oil and gas company.Journal of Cleaner Production,136, 197-212. doi.org/10.1016/j.jclepro.2016.01.097. Griffin, M. A., Hodkiewicz, M. R., Dunster, J., Kanse, L., Parkes, K. R., Finnerty, D., ...Unsworth, K. L. (2014). A conceptual framework and practical guide for assessing fitness-to-operate in the offshore oil and gas industry.Accident Analysis Prevention,68, 156-171. doi.org/10.1016/j.aap.2013.12.005. Hannevik, M. B., Lone, J. A., Bjrklund, R., Bjrkli, C. A., Hoff, T. (2014). Organizational climate in large-scale projects in the oil and gas industry: A competing values perspective.International Journal of Project Management,32(4), 687-697. doi.org/10.1016/j.ijproman.2013.08.006. Hartnell, C. A., Kinicki, A. J., Lambert, L. S., Fugate, M., Doyle Corner, P. (2016). Do similarities or differences between CEO leadership and organizational culture have a more positive effect on firm performance? A test of competing predictions.Journal of Applied Psychology,101(6), 846. doi.org/10.1037/apl0000083 Hiatt, S. R., Grandy, J. B., Lee, B. H. (2015). Organizational responses to public and private politics: An analysis of climate change activists and US oil and gas firms.Organization Science,26(6), 1769-1786.doi.org/10.1287/orsc.2015.1008. Naranjo-Valencia, J. C., Jimnez-Jimnez, D., Sanz-Valle, R. (2016). Studying the links between organizational culture, innovation, and performance in Spanish companies.RevistaLatinoamericana de Psicologa,48(1), 30-41. doi.org/10.1016/j.rlp.2015.09.009. Ocasio,W. (2018).International Encyclopedia of Organization Studies(pp. 1021-1026). London: Sage Publisher. Ogunyemi, A. O., Akinlaja, S. O., Adesoye, E., Akindele-Oscar, A., Azeez, R. O., Omolade, M. A. (2015). Organisational Variables Effective Performance of Employees in Oil Gas Section: An Empirical Investigation.International Journal of Psychological Studies,7(1), 23. doi.org/10.5539/ijps.v7n1p23 Tjai M. Nielsen George Hrivnak Jr.(2018). International Encyclopedia of Organization Studies(pp. 336-339). London: Sage Publisher. Valmohammadi, C., Roshanzamir, S. (2015). The guidelines of improvement: Relations among organizational culture, TQM and performance.International Journal of Production Economics,164, 167-178.dx.doi.org/10.1016/j.ijpe.2014.12.028.

Asset transformation transaction cost free essay sample

Financial Intermediaries help to channel funds from the lenders to the borrowers through indirect financing. Some examples of financial intermediaries are banks, credit unions, insurance companies and pension funds. The existence of financial Intermediaries helps to solve and reduce market Imperfections. Asset transformation theory deals with difference In the preferences of lenders and borrowers. Lenders also known as savers, prefers to have low risk and short term claims with high interest income. The deposits from lenders tend to be in small amount. Borrowers also known as spenders, prefers to have long term claims with low interest payment. The loans are usually in large amount that are risky due to the nature of business. Financial Intermediaries transform maturity by lending long to the borrowers and borrowing short from the lenders. Deposit amount on average tend to be smaller and financial intermediaries parcel these small amount of deposits and transform It to large loans required by the borrowers. We will write a custom essay sample on Asset transformation transaction cost or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Risky loans are transformed into riskless deposits to reconcile the preferences of the borrowers and enders through three different methods. Screening loan applications through credit scoring, diversifying risk by avoiding heavy loan concentration and pooling risk by applying law of large numbers to reduce the variability of losses. Lastly, deposits are contracts that offer high liquidity with low risk while loans are illiquid with higher risk. Financial intermediaries can transform the assets with different liquidity features through diversification of their portfolio. Transaction cost incurred because of time and money spent in performing tlnancial ransactions. Prior to granting loans, search costs is Incurred by both the lenders and borrowers to search for the suitable counterparty. Verification cost is then incurred by lenders to verify the accuracy of information provided by borrowers to evaluate if they meet the credit criteria. After loan is being granted, lenders incurs monitoring costs, auditing costs and enforcement costs to ensure that the terms and conditions of the loan are adhered to and in the event that borrowers defaults payment, legal cost will be incurred when instituting debt recovery. The existence of financial Intermediaries reduce transaction cost with the economies of scale, with the Increase in number of financial transaction, transaction cost per dollar of output reduces. Economies of scope Is a cost advantage when more than one product Is produce jointly rather than producing them separately. An example is that deposits are legal financial claims by which banks both collect funds to sustain their lending activities and satisfy request for payment services. Lastly, financial intermediaries are specialized in gathering and analyzing information. Even though transaction cost may cut down an Investors profit, financial Intermediaries help to reduce such costs. Despite this, there are several fees that are unavoidable but it would be usually worth the cost for the particular return of the financial market asset. ton Asset transformation transaction cost By svacuum Financial intermediaries help to channel funds from the lenders to the borrowers intermediaries helps to solve and reduce market imperfections. Asset transformation theory deals with difference in the preferences of lenders and nature of business. Financial intermediaries transform maturity by lending long to deposits and transform it to large loans required by the borrowers. Risky loans are Transaction cost incurred because of time and money spent in performing financial transactions. Prior to granting loans, search costs is incurred by both the lenders and intermediaries reduce transaction cost with the economies of scale, with the increase Economies of scope is a cost advantage when more than one product is produce may cut down an investors profit, financial intermediaries help to reduce such costs.

Launching a Mass Media Campaign free essay sample

This seemed very attractive to revolving prime customers. Low interest rates are always attractive to revolvers than transactors. Previously subprime customers were ignored and Capital One is offering products to them which were not available earlier. Further Capital One didn’t rely on reward programs or partner in Canada. Reward programs are generally desired by super prime costumers. What do they think about the brand now? Up until now, Canadians primarily knew Capital One as a price player. But because of U. S. dvertising spillover few of them are aware of it as â€Å"great value without the hassle. † What should they think after seeing the ad? The target audience should feel that Capital One offers a great value and hassle free transactions. Subprime customers should be able to feel that they are no longer ignored and new offers have come for them and that they can also have credit cards now. We will write a custom essay sample on Launching a Mass Media Campaign or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Prime revolvers should be able to think of replacing their primary card with Capital One because of its low cost or other rewards. Others should feel Capital One is more convenient and it offers better service than other banks. Proposition/ USP? * Offering the lowest rates in the country, much below its competitors * Constantly provide new products to perfectly align to the needs of select customers Substantiation In print ads, substantiation can be done by comparing different credit card services as shown in Exhibit 10. This will help customers in evaluating different offers. In mass media they can say that they are offering the lowest rates in the country. Tone of Voice: The tone should be humorous, creative and musical. In the test scores of their ads it was found than branding, enjoyment, unique/interesting are the top three features required. â€Å"Hands in Pocket† campaign was very effective for Canadian market. At that time top5 Canadian banks charged high rates of around 20% and Capital One offered lowest rate in the country. This ad shows that the Big 5 Canadian banks constantly have their ‘hands in the consumer’s pocket’. It made lot of sense to the customers. Also to appeal to their love for music the tuned were composed by a Toronto composer. The tune became viral soon after its release. Campaign Requirements: * Create brand image for long term goals of influencing customer satisfaction and behavior * Since there is similarity in products offered, brand personality is particularly important for long term success * Needs to be creative and include power idea, inherent drama and music(use of jingles) * Should be visually arresting, reward the customers, unexpected and with clarity

Pharmacy essays

Pharmacy essays Pharmacists are the most accessible healthcare professional and know more about medications, prescription and over-the-counter, than any other member of the healthcare team. (Health on the Net Foundation). In addition, they have many duties that must be completed on time and correctly because they can easily kill a patient with the wrong medication if they are not paying close attention. Therefore, they monitor medication usage, the interactions and side effects of medications. They also check if the medication is being used correctly. Also, they do rounds with doctors to discuss the patients treatment, and advise both the doctor and the patient about treatments that can be used. Pharmacists are either required to compound certain medications to powders, tablets, capsules, ointments and solutions or the medications come from pharmaceutical companies that sell the medications pre-made. However, all together pharmacists treat illnesses to help patients get well. Furthermore, pharmacists are required thirty hours a month of education of new and old topics that pertain to the medications, at Cedars medical hospital. Afterwards they put together a power point presentation to be presented to the doctors, nurses, and students, so that they are better informed so that they can also inform the patients and their families about their treatment (s). And all together the duties of pharmacists are easily said but seriously completed. According to a study conducted by HHS Health Resources and Services Administration, there is a shortage of pharmacist. There are currently 196,000 licensed pharmacists in the United States, yet there were still 7,000 fulltime jobs available in February of 2000. This is definitely a growing field because of the rapid advancement in medicine. Therefore the job out look beyond 7 years is positive because according to the study there are few students applying in pharmacy schools. In addition as a...

The Strategic Role of Global Information Systems Essay

The Strategic Role of Global Information Systems - Essay Example Introduction The relationship between corporate strategy and information systems functions was not a central interest for the top management of organizations for some time. Information systems were primarily synonymous with corporate data processing and regarded as back-room operations to support the day-to-day operations (Ezingeard, McFadzean, and Birchal, 2007:99). However, the 80s and the 90s saw a growing realization of strategizing information systems for the organization. Interestingly, information systems have been present since the beginning of time, but the integration with information technology is a newcomer to the field. The functions of IT-based information systems have had significant impacts to organizations and people such that only a few (if any) company can afford the risk of ignoring these functions despite the fear and frustrations they evoke sometimes (Currie and Galliers, 2002:76). Some organizations regard information systems as unavoidable to remain in busines s, while others perceive the systems as a strategic opportunity that may proactively identify strategies to gain a competitive edge against competitors. Regardless of an organization’s stance, embarking of investment on information systems proves to be a non-reversible decision. Information technology has become powerful and cheap, and its use in organizations has spread at a rapid rate. Different management levels are using IT-based information systems in contrast to the earlier application at the operational level only. However, more organizations are focusing on improving efficiency and maintaining business effectiveness, as well as strategically manage organizations (Irani, Love, and Hides, 2000:23). The increasing complexity of managerial tasks translated to the complex nature of information systems required: from routine, structured support to unstructured, complex, ad hoc enquiries at the peak level of management. Information systems has the potential to change the way organizations work and the very nature of their business. In the information technology world, there has been introduction of electronic markets, where buying and selling occurs in a matter of seconds, disrupting the conventional distribution and marketing channels (Lacity and Willcocks, 2000:31). The advent of Electronic Data Interchange has not only increased transaction speed but also ensures subscribers of accuracy of information they receive from buyers and suppliers and perhaps reap cost reduction benefits using automated reordering processes. On higher strategic level, an organization may pass information to its customers or suppliers to provide or gain better service. Providing higher quality services to the customers than the competitors may result to the differentiation required to gain a competitive edge on a short term. However, continual improvement to the quality of services offered may enhance the competitiveness of an organization on a long-term basis (Magdaleno et al., 2008:305). However, the unprecedented and rapid change in information technology has profound impacts on IT-based informat