Management and Organisational Development Module Essay - 1

Management and Organisational Development Module - Essay Example The managerial structure of Reddix has suggested the promulgation and inception of a knowledge management initiative which would ensure that they are better able to cope with the rapid advances in healthcare and have to a health care  in understanding and interpreting clinical information and data in to interpret context-based healthcare information. The consultants have already declared that the current IT infrastructure at Reddix cannot cope with this restructuring.It is admitted that the KM system as proposed by the consultants will be immensely beneficial to the patients and management in terms of integrating the electronic patient records (EPR) that are held by the NHS with the process of physicians and GPs ordering medical tests or medications. The main hurdle is thus not technical. Knowledge management is a culture and does not entail a simple change of hardware and software and processes. Thus the suggestion for the inception of a ‘knowledge sharing culture’ wh ich entails management of information as well as the management of people in whose hands this information is. This report focuses on one of major gaps in any Knowledge management Initiative and that is the lack of this Knowledge sharing culture with in the key stakeholders of the Hospitals Organisational structure. The way ahead for an institution which is falling behind in the technological arena is indeed Knowledge Management and as I would like to add to this strategy it should also incorporate the notions of Strategic Information Management and the Business Score Card Approach ,which will allow the strategic management of information to avoid future problems of interoperability.

International Trade Term Paper Example | Topics and Well Written Essays - 750 words

International Trade - Term Paper Example Therefore increasing economic activity and reducing unemployment and deflation are the ultimate production. The Keynesian theory indicates the critical actions at some micro-level of public sector and at individual level that restrict the cumulative macroeconomic upshots. Ultimately, the expansion and potential of the existing economy becomes lower and lower. IS-LM model of John Hicks, and the Phillips curve are the two basic theories of Keynesian macroeconomics which policy makers could use to grasp the business cycle in the country, however, both models are rejected by Post-Keynesians. IS-LM is an abbreviation of Investment Saving / Liquidity preference Money supply. This model has the same dominance as the Keynes actual analysis in formatting the actual policies both public and government sectors. The model correlates cumulative employment and demand to three vital capacities, i.e., government budget, money circulation, and the business prospects. During the great recession period of early 1930s, when numerous Neo-classical economists like Lionel Robbins, Edwin Cannan, Gustav Cassel and Arthur C. Pigou were using the further wage cuts policy to trim down the unemployment, Keynesian Theory was a revolutionary idea. IS-LM model and Phillips curve were widely used. For the prediction purpose, the economist used the IS-LM model. For instance, increment in the money would result higher productivity and employment and consequently Phillips curve was applied to predict an increase in inflation. The most appealing factor in the recognition of Keynesian Theory was that it provided theoretical guidance to policy-makers during the Great Depression era of 1930s. A lot of people considered that Keynesian Revolution was the outcome of rationale approach of government macroeconomic policy. The logical approach of Neo-classical economists looked like counterintuitive because

Lord of the Flies Central Thematic Dichotomy Essay Example for Free

Lord of the Flies Central Thematic Dichotomy Essay The theme of the central thematic dichotomy in lord of the flies is conveyed through many ways through out the first three chapters. The once majestic island has begun to seem as if it is only a mask for the true concealed â€Å"beastie.† The seemingly paradisiacal island is very similar to the Garden of Eden as it obtains beauty by the vast amounts of growing foliage such as the â€Å"blue flowers,† â€Å"candlebuds,† and dense green forest. On the crust the cool, calm and peaceful persona is vivid and clear however just below lies the greed and savagery of all man kind which in the biblical story says that evil was exposed through Eve when she gave into temptation and disobeyed god’s commands however, in Lord of the flies the sinister one who gives into temptations and leads others with him is Jack as he gives into his primal urges and disobeys his civilized upbringing because of his constant rationalizations of the fact that they need meat but, in reality his interest in meat for the boys is clouded by his desire to kill. The garden of Eden references are also foreshadowing devices as at first the Garden is full of joy and laughter and then humans fall because of greed and temptation which is what happens to the boys at first they believe â€Å"this is a good island† but soon they fall to the primal instincts from within. This shows that the island although beautiful on the surface is merely a disguise for the underlying evil that is rooting itself into the boys. Secondly in my opinion I believe the island and the boys is very much like Libya, it has a hierarchy, it has an infrastructure, it has rules and regulations. It seems civilized. However it is not. As we know, the hierarchy is a dictatorship conducted my Gaussian, much like Jack who is urging himself to be a dictator which is shown when he says â€Å"Come on, Follow me!† leaving only Piggy and Raplh alone as well as, his control over the choir boys, even though Ralph is leader. Its infrastructure is weak, as is the shelters built by the boys, and lastly the rules and regulations are kept but enforced in a cruel , barbaric way which is how the boys are beginning to edge towards as shown when Ralph makes the boys stand until one collapses and he is left and teased for his lack of stamina. Although the boys try to stay within the paths of civilization they slowly are drifting onto the trail of savagery. Also the components of civilization they brought or found are slowly being destroyed and replaced with demonist items such as fire. They begin with their clothes. Clothes have been worn for 170,000 years, since the dawn of civilization, at first the purpose of piggy removing his â€Å"school sweater† is because of his desperation to escape the heat and although Raplh strips, during the first chapter he eventually puts his clothes back on, showing that within him he still sides with humanity rather than savagery however, as time continues the boys slowly begin to rip and destroy as well as remove more clothing and the most covered, Jack, who begins wearing his long black cloak in the first chapter becomes the least clothed with his â€Å"bare back† described when he is hunting in the third chapter. This shows the backwards evolution of the boys where they are beginning to strip away all that is civil and proper and go back to the nature they were created with. As if the once civilized island is now manipulating them to become Neanderthal like creatures. Secondly Piggy’s glasses represent intelligence and humans overpowering nature and the boys use them as †burning glasses† which shows that they are starting to lack respect for human kinds inventions and innovations and interchange over to a side where items/technology are not worth what they would be in a civilized town. Also the fact that they took the glasses forcefully without Piggy’s consent is a sign that the children have not only begun to loose respect for items but also for manners which coincides with the theme that the boys are loosing respect for proper behavior and therefore loosing respect for civilization. This again also foreshadows the future because Piggy’s glasses are also broken just like the shattering of civilization on the island. Lastly the fire the boys create begins as a sign of hope, they try to create a signal so someone might rescue them however it slowly turns into a much larger fire than expected and sets fire to some of the trees and eventually kills a young boy. This is Goldings way of saying that even something that has good intentions can quickly turn into something heinous if given the chance. It is foreshadowing the boys development from good natured English school boys to savage, cold, cantankerous monsters of human beings. To conclude on the surface the boys and the island seem, pleasant, empyrean and majestic however, the inner core opposes the outer drastically and surfaces when times are tough. This shows that the primitive barbaric attitudes of our ancestors comes fourth when in a time of crisis and pressure even if we have the greatest of intentions in the end as Golding shows no-one has the ability to deny or defeat our urges even ones as pure as Simon. Our greatest enemy is truly ourselves.

Character evolution through three scaffold scenes Essay -- essays rese

Nathaniel Hawthorne was born in Salem, Massachusetts in 1804 (net). He attended Bowdoin College with famous writers such as Horatio Bridge and Henry Wadsworth Longfellow (net). In 1850, Hawthorne published The Scarlet Letter (1222). It is considered by many that The Scarlet Letter, â€Å"represents the height of Hawthorne’s literary genius. At this time, Boston was the center of a very Puritan society. Throughout the novel Hawthorne uses many symbols. For example, one prominent symbol is the scaffold. During this period in time, the scaffold was used for public humiliation. Those who had committed either a crime or a sin were forced to stand upon it in front of everybody in the town, as a form of confession or public recognition of one’s sin. In The Scarlet Letter, the scaffold not only represents the act of confessing but it also can be seen as a symbol of the stern, inflexible doctrine of the Puritan faith. The Scarlet Letter is centered on the three scaffold scenes , which unite the work, beginning, middle, and end. Hawthorne uses these scenes to aid in his development of the main characters, Hester Pryne, the Reverend Mr. Dimmsdale, and to a lesser degree, Roger Chillingsworth.   Ã‚  Ã‚  Ã‚  Ã‚  In The Scarlet Letter, Reverend Dimmsdale commits the sin of adultery with Hester Pryne. As a result of this sinful act she bares a child which she names Pearl, the living evidence of their sin. The first scene takes place while Pearl is still an infant. Hester is made to ...

Anne Hutchinson :: essays research papers fc

Anne Hutchinson challenged the traditional role of women in the Puritan society through her opposing religious beliefs. Anne Hutchinson was most likely not the first woman to have her own thoughts. She was simply the first to act on them. Anne Hutchinson was born on or about July17, 1591 in Alford, Licolnshire, England. She was the daughter of Reverend Francis Marbury. Rev. Marbury spoke out that many of the ordained ministers in the Church of England were unfit to guide people's souls. For this act of defiance, he was put in jail for one year. Anne read many of her father's books on theology and religion. Much of Anne's independence and willingness to speak out was due to her father's example. Anne admired her father for his defiance of traditional church principles. Then in 1612 she married William Hutchinson. Together they had 15 children. In 1634 she and her husband moved to Boston. Here Anne began holding informal church meetings in her home discussing the pastor's services and also preaching her beliefs to her followers. Threatened by meetings she held in her Boston home, the clergy charged Hutchinson with hersey. An outspoken female in a male hierarchy, Hutchinson had little hope that many would speak in her defense, and she was being tried by the General Court. In 1636 she was charged with hersey and banished from Massachusetts Bay Colony. Several years later when she moved to New York she was killed in an Indian attack. Anne challenged the Puritan clergy. She believed that: "1.One can feel one's salvation and is filled with the spirit of God after conversion. 2.One needn't be learned in the Bible or in the Puritan writers in order to be saved. 3.The ministers are all under the covenant of works, except John Cotton, who is under the covenant of grace.4. Inner light is the guarantee of salvation.5. All responsibility for salvation is placed on Christ. 6.Every person has the ear of God if only he or she would ask for it, and listen to the answer. 7. Indian slavery is wrong - people of all skin colors are of one blood. 8.Sunday shouldn't be set aside as the Lord's Day because every day is the Lord's day. 9.Christians will have new bodies when they get to heaven.10.Predestination is unfounded.11.Prayers should not be memorized, but inspired by love for God, waiting on Him.12.Holy Spirit dwells within each Christian like a personal union.

Financial Environment and Interest Rate and Inflation

An Assignment of Business Finance Course Code: FIN -2101 Submitted To: Md. Monzur Morshed Bhuiya Associate Professor Department of Finance Jagannath University, Dhaka. Submitted By: Md. Mazharul Islam. Group Representative of Finance Interface B. B. A, 3rd Batch (2nd Year, 1st Semester) Session: 2008-2009 Department of Finance Jagannath University, Dhaka. Date of Submission: 25-10-2010 Department of Finance Jagannath University 1|Page 1 Sl. No. Name 01. Md. Mazharul Islam. (Group Representative) 02. Khadizatuz Zohara. Roll No. 091541 091526 Department of Finance Jagannath University 2|PageTable of Contents Sl. No. 2-1 2-2 2-3 2-4 2-5 2-6 2-7 2-8 2-9 2-10 2-11 Contents Problems Yield Curves Yield Curves Inflation and Interest Rate Rate of Interest Real Risk-Free Rate, MRP and DRP Exam-Type Problems Expected Inflation Rate Expected Rate of Interest Expected Rate of Interest Interest Rate Interest Rate Expected Rate of Interest Ending Part Formula and Necessary Illustration for Calculat ion Summary of the Assignment Page No. 5 6 7 9 10 12 13 14 14 15 16 17 18 Department of Finance Jagannath University 3|Page The Financial Environment: Interest Rates Problems 2-1:Suppose you and most other investors expect the rate of inflation to be 7 percent next year, to fall to 5 percent during the following year, and then to remain at a rate of 3 percent thereafter. Assume that the real risk-free rate, k*, is 2 percent and that maturity risk premium on treasury securities rise from zero on very short-term bonds ( those that mature in few days) by 0. 2 percentage points for each year to maturity, up to a limit of 1. 0 percentage point on five year or longer-term T-bonds. a. Calculate the interest rate on one, two, three, four, five, 10 and 20 year Treasury securities, and Plot the yield curve. .Now suppose IBM, a highly rated company, had bonds with the same- maturities as the Treasury bonds. As an approximation, plot a yield curve for IBM on the same graph with the Treasury bon d yield curve, (Hint: Think about the default risk premium on IBM’s long-term versus its short-term bonds. ) c. Now plot the approximate yield curve of Long Island Lighting Company (LILCO), a risky nuclear utility. Solution 2-1: Requirement ‘a’: Expected Annual Inflation Rate 7% 5% 3% 3% 3% 3% 3% Real Risk-free Rate (k*) 2% 2% 2% 2% 2% 2% 2% Average Expected Inflation Rate or Inflation Premium (IP) = 7% 1 =7% 2 = (7%+5%) ? 2 = 6% 3 = (12%+3%) ? 3 = 5% 4 = (15%+3%) ? 4 =4. 5% 5 =(18%+3%) ? 5 = 4. 2% 10 =(21%+3%? 5) ? 10=3. 6% 20 =(36%+3%? 10) ? 20=3. 3% Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Average Nominal Interest Rate = k* + IP 9% 8% 7% 6. 5% 6. 2% 5. 6% 5. 3%Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Maturity Risk Premium (MRP) 0. 2% 0. 2%+0. 2% =0. 4% 0. 4%+0. 2% =0. % 0. 6%+0. 2% =0. 8% 0. 8%+0. 2% =1. 0% 1. 0% 1. 0% Department of Finance Jagannath University 4|Page And Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond The yield Curve: + 9% + 0. 2% 8% + 0. 4% 7% + 0. 6% 6. 5% + 0. 8% 6. 2% + 1. 0% 5. 6% + 1. 0% 5. 3% + 1. 0% Interest Rate (k) 9. 2% 8. 4% 7. 6% 7. 3% 7. 2% 6. 6% 6. 3% 10. 5 10. 0 9. 5 9. 0 8. 5 Yield (%) 8. 0 7. 5 7. 0 6. 5 6. 0 5. 5 5. 0 0 2 4 6 8 Yield Curve LILCO IBM T – Bonds – Bonds T 10 12 14 16 18 20 Yield of MaturityRequirement ‘b’: The interest rate on the IBM bonds has the same components as the Treasury securities, except that the IBM bonds have default risk, so a default risk premium must be included. Therefore, = * + IP + MRP + DRP For a strong company such as IBM, the default risk premium is virtually zero for short-term bonds. However, as time to maturity increases, the probability of default, although still small, is sufficient to warrant a default premium. Thus, the yiel d risk curve for the IBM bonds will rise above the yield curve for the Treasury securities.In the graph, the default risk premium was assumed to be 1. 2 percentage points on the 20-year IBM bonds. The return should equal 6. 3% + 1. 2% = 7. 5%. Department of Finance Jagannath University 5|Page Requirement ‘c’: Long Island Lighting Company (LILCO) bonds would have significantly more default risk than either Treasury securities or IBM bonds, and the risk of default would increase over time due to possible financial deterioration. In this example, the default risk premium was assumed to be 1. 0 percentage point on the one-year LILCO bonds and 2. 0 percentage points on the 20-year bonds.The 20-year return should equal 6. 3% + 2% = 8. 3%. ————- Problem 2-2: The following yield on U. S. Treasury securities were taken from The Wall Street Journal on January 7, 2004: Term Rate 6 months 1. 0% 1 year 1. 2% 2 year 1. 6% 3 year 2. 5% 4 year 2. 9% 5 year 3 . 7% 10 year 4. 6% 20 year 5. 1% 30 year 5. 3% Plot a yield curve based on these data. Discuss how each term structure theory mentioned in the chapter can explain the shape of the yield curve you plot. Solution 2-2: 5. 35 5. 30 5. 25 Yield (%) 5. 20 5. 15 5. 10 5. 05 5. 00 4. 95 4. 90 4. 85 0 5 Yield Curve 10 15 20 Maturity (years) 25 30 ———— Department of Finance Jagannath University 6|Page Problem 2-3: Inflation currently is about 2 percent. Last year the Fed took actions to maintain inflation at this level. However, the economy is showing signs that it might be growing too quickly, and reports indicate that inflation is expected to increase during the next five year. Assume that at the beginning of 2005, the rate of inflation expected for the year is 4 percent; for 2006, it is expected to be 5 percent; for 2007, it is expected to be 7 percent; and, for 2008 and every year thereafter, it is expected to settle at 4 percent. a.What is the average expected inflation rate over the five year period 2005-2009? b. What average nominal interest would, over the five-year period, be expected to produce a 2 percent real risk-free rate of return on five-year Treasury securities? c. Assuming a real risk-free rate of 2 percent and a maturity risk premium that starts at 0. 1 percent and increases by 0. 1 percent each year, estimate the interest rate in January 2005on bond that mature in one, two, five, 10 and 20 years and draw a yield curve based on these data. d. Describe the general economic conditions that could be expected to produce an upward-sloping yield curve. . If the consensus among investors in early 2005 is that the expected rate of inflation for every future year is 5 percent ( = 5% for t = 1 to ? ), what do you think the yield curve would look like?Consider all the factors that are likely to affect the curve. Does your answer here make you question the yield curve you drew in part c? Solution 2-3: Requirement ‘a & b’: Expected Annual Inflation Rate 4% 5% 7% 4% 4% 4% 4% Real Risk-free Rate (k*) 2% 2% 2% 2% 2% 2% 2% Average Expected Inflation Rate or Inflation Premium (IP) 1 = 4% 1 =4% 2 = (4%+5%) ? 2 = 4. 5% 3 = (9%+7%) ? 3 = 5. 33% 4 = (16%+4%) ? =5% 5 =(20%+4%) ? 5 = 4. 8% 10 =(24%+4%? 5) ? 10=4. 4% 20 =(44%+2%? 5) ? 20=4. 2% Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Average Nominal Interest Rate = k* + IP 6% 6. 5% 7. 33% 7% 6. 8% 6. 4% 6. 2% Requirement ‘c’: Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Department of Finance Maturity Risk Premium (MRP) 0. 1% 0. 1%+0. 1% =0. 2% 0. 2%+0. 1% =0. 3% 0. 3%+0. 1% =0. 4% 0. 5%+0. 1% =0. 5% 0. 5%+(0. 1%? 5) =1. 0% 1. 0%+(0. 1%? 10) =2. 0% Jagannath University 7|PageAnd Bond Type 1st year bond 2nd year bond 5th year bond 10th year bond 20th year bond The Yield Curve: 9. 0 8. 0 7. 0 6. 0 5. 0 4. 0 3. 0 2. 0 1. 0 0. 0 0 2 4 + 6% + 0. 1% 6. 5% + 0. 2% 6. 8% + 0. 5% 6. 4% + 1. 0% 6. 2% + 2. 0% Estimated Interest Rate (k) 6. 1% 6. 7% 7. 3% 7. 4% 8. 2% Yield Curve Yield (%) 6 8 10 12 14 Years to Maturity 16 18 20 Requirement ‘d’: The ? normal? yield curve is upward sloping because, in ? normal? times, inflation is not expected to trend either up or down, so IP is the same for debt of all maturities, but the MRP increases with years, so the yield curve slopes up.During a recession, the yield curve typically slopes up especially steeply, because inflation and consequently short-term interest rates are currently low, yet people expect inflation and interest rates to rise as the economy comes out of the recession. Requirement ‘e’: If inflation rates are expected to be constant, then the expectations theory holds that the yield curve should be horizontal. However, in this event it is likely that maturity risk premiums would be applied to long-term bonds because o f the greater risks of holding long-term rather than short-term bonds: Yield (%) Actual yield curveMaturity risk premium Pure expectations yield curve Years to Maturity Department of Finance Jagannath University 8|Page If maturity risk premiums were added to the yield curve in part e above, then the yield curve would be more nearly normal—that is, the long-term end of the curve would be raised. ————- Problem 2-4: Assume that the real risk-free rate of return, k*, is 3 percent, and it will remain at that level far into the future. Also assume that maturity risk premiums on Treasury Bonds increase from zero for bonds that mature in one year or less to a maximum of 2 percent, and MRP increases by 0. percent for each year to maturity that is greater than one year – that is, MRP equals 0. 2 percent for a two-year bond, 0. 4 percent for a three year bond, and so forth. Following are the expected inflation rates for the next five years: Year Inflat ion Rate (%) 2005 3 2006 5 2007 4 2008 8 2009 3 a. b. c. d. What is the average expected inflation rate for a one, two, three, four and five year bond? What should be the MRP for a one, two, three, four and five year bond? Compute the interest rate for a one, two, three, four and five year bond?If inflation is expected to equal 2 percent every year after 2009, what should be the interest rate for a 10 and 20 year bond? e. Plot the yield curve for the interest rates you computed in parts c and d. Solution 2-4: Requirement ‘a’: Expected Annual Inflation Rate 3% 5% 4% 8% 3% 2% 2% Real Risk-free Rate (k*) 3% 3% 3% 3% 3% 3% 3% Average Expected Inflation Rate or Inflation Premium (IP) 1 = 3% 1 =3% 2 = (3%+5%) ? 2 = 4% 3 = (8%+4%) ? 3 = 4% 4 = (12%+8%) ? 4 =5% 5 =(20%+3%) ? 5 = 4. 6% 10 =(23%+2%? 5) ? 10=3. 3% 20 =(33%+2%? 5) ? 20=2. 65%Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Requirement ‘b†™: Average Nominal Interest Rate = k* + IP 6% 7% 7% 8% 7. 6% 6. 3% 5. 65% Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond Maturity Risk Premium (MRP) 0% 0%+0. 2% =0. 2% 0. 2%+0. 2% =0. 4% 0. 4%+0. 2% =0. 6% 0. 6%+0. 2% =0. 8% 0. 8%+(0. 2%? 5)=1. 8% 2% Department of Finance Jagannath University 9|Page Requirement ‘c & d’: Bond Type 1st year bond 2nd year bond 3rd year bond 4th year bond 5th year bond 10th year bond 20th year bond 6% + 0% 7% + 0. 2% 7% + 0. 4% 8% + 0. 6% 7. 6% + 0. 8% 6. 3% + 1. 8% 5. 65% + 2% Interest Rate (k) 6% 7. 2% 7. 4% 8. 6% 8. 4% 8. 1% 7. 65% Requirement ‘e’: Yield Curve 9. 0 8. 5 Yield (%) 8. 0 7. 5 7. 0 6. 5 6. 0 5. 5 5. 0 0 2 4 6 8 10 12 14 16 18 20 Years to Maturity ————Problem 2-5: Today’s edition of The Wall Street Journal reports that the yield on Treasury bills maturing in 30 days is 3. 5 percent, the yield on Treasury bills m aturing in 10 years is 6. 5 percent, and the yield on a bond issued by Nextel Communications that matures in six years is 7. 5 percent.Also, today the Federal Reserve announced that inflation is expected to be 2 percent during the next 12 months. There is a maturity risk premium (MRP) associated with all bonds with maturities equal to one year or more. a. Assume that the increase in the MRP each year is the same and the total MRP is the same for bonds with maturities equal to 10 years and greater that is, MRP is at its maximum for bonds with maturities equal to 10 years and greater. What is the MRP per year? b. What is default risk premium associated with Nextel’s bond? c. What is the real risk-free rate of return? Department of Finance Jagannath University 0 | P a g e Solution 2-5: Requirement ‘a’:Since MRP associated with all bonds with maturities equal to one year or more, so with Treasury bills maturing in 30 days, 0% MRP is associated, then k = k* + IP ? 3. 5% = k* + 2% ? k* = 3. 5% ? 2% ? k* = 1. 5% At the 10 year bond: k = k* + IP + MRP ? 6. 5% = 1. 5% + 2% + MRP ? MRP = 6. 5% ? 1. 5% ? 2% ? MRP = 3% As MRP at 10 year bond is 3%. So MRP per year is (3? 10) = 0. 3%. Requirement ‘b’: Since 30 days T-bond and 10 years T-bond fulfills the equations:- K = k* +IP +MRP, We have to calculate DRP from 6 years Nextel Bond: k = k* +IP +DRP +MRP ? 7. 5% = 1. 5% + 2% + DRP + (0. % ? 6) ? 7. 5% = 3. 5% + DRP + 1. 8% ? DRP = 7. 5% ? 3. 5% ? 1. 8% ? DRP = 2. 2% Requirement ‘c’: Now real risk-free rate of return k* = 3. 5% – IP = 3. 5% – 2. 0% = 1. 5% ————- Exam-Type Problems 2-6: According to The Wall Street Journal, the interest rate on one-year Treasury bonds is 2. 2 percent, The rate on two-year Treasury bonds is 3. 0 percent, and the rate on three-year Treasury bonds is 3. 6 percent. These bonds are considered risk free, so the rates given here are risk free rates ( ). The one-y ear bond matures one year from today, the two-year bond matures two year from today and so forth.

The Psychology of Small Group Behavior

Shaw, Marvin E. The Psychology of Small Group Behavior. New York: McGraw-Hill, 1971 The leadership role of a group is the most important part. Leadership has been studied more than any other part of a group. For this reason there is so many ways to define leadership that other people might have a different In 1953 Carter had four different views of leadership. First, the leader could be the one that everyone focuses on. This meaning that the leader would be the one to talk the most and be the one to make the groups final decision. Most of the time in a group the leader is the center of attention but not always. In a setting where there is people socializing, who one would say the leader is could Second, the leader is the one who helps the group towards the goals set forth. This is one who keeps the group on track and keeps the meeting flowing. Carter found that it is not always true because it is hard to find the goals of the Third, a leader could be someone chosen by the group to be the leader. This is someone who the group would be the best for the position. Carter thinks that this is only someone who has the leadership role but not what they know and Fourth, in 1951 Cattell said that a leader is one who influences the group. Really anyone in the group can be leader due to how they influence the other group members. So in some groups there doesnt have to be a leader because everyone puts all of the ideas together to influence each other. Now when people take about the leader it means the person who has influenced the group In my technology there always needs to be a leader. Like in a landscaping company there is usually different teams of people. One does mowing another team does the mulching and planting of plants and