Benefits Of Having A Well Written Resume - 844 Words

Having a well written resume can tell a lot of a person who is applying for a job. The hiring team or managers who are looking to hire people are looking for specific requirements that match theirs and looking for someone that stands out. By learning different tools and tactics on improving skills and speaking abilities will only help stand out for a company to choose your resume and invite for an interview and possibly start your career. In the jobs search I searched for Operations Manager. With the degree I am going to accomplish, that is a career I would like to dive into. I have always liked the operational side of a business. When conducting the search there weren’t any openings in my area where I live but more towards the St. Paul/ Minneapolis area. Unless I wanted to relocate in the future that would probably where I would want to go to search for jobs like that. One of the jobs I saw that was somewhat local was an Operations Manager was for an Company that manufactures segments for collection vehicles. Some of the qualifications for this job include; bachelors in business, 3-5 years’ experience, oversee plant production, conduct meetings, forecasting production and applying schedules, incorporate new methods and costs. After looking at my resume, I know there are things I should change or fix. In the resume builder I decided to build a new resume with the information I already had. I looked at different samples and picked the outlay that I like and went fromShow MoreRelatedWriting An Effective Cover Letter793 Words   |  4 Pagesdocument sent with your resume to provide additional information on your skills and experience. The letter typically provides detailed information on why you are qualified for the job you are applying for. What is the purpose of a cover letter? Generally speaking, the purpose of a cover letter is to provide an engaging personal introduction, to connect your unique qualifications to the specific position, to stimulate the employer’s curiosity enough that they want to look at your resume and to land yourRead MoreSelecting The Right Candidate For A Position1378 Words   |  6 Pagescompel to, or be held liable for, a role. In order to get the most qualified candidate for the job, the job description needs to be clear and brief. In the article Developing Effective Job Descriptions for Small Businesses and farms it states that, a well- developed job description identifies and position’s essential task and combining these task with performance standards can provide criteria useful in reviewing an employee’s performance (Craig Dobbins and Cole Ehmke /Department of Agricultural EconomicsRead MoreCandidates for Job Opening838 Words   |  3 Pagesand projected a great deal of enthusiasm and energy for the job demonstrates that he exhibits a strong amount of initiative and goal directedness. These two qualities are vital for the success of any organization. None of the positions he has on his resume shine or stand out with a certain amount of leadership or aplomb, but thats not as important as the character that Bernard projects. Bernard demonstrates that he clearly understands the importance of what it means to be a leader and knows ho w thatRead MoreHuman Resource Management : An Organization Essay1418 Words   |  6 Pagesthat having a quality workforce can help the company gain a competitive advantage in the market. Many companies have started hiring people irrespective of their race, sex, religion, nationality etc. The critical thing for any company is to understand and use potential of their workforce. Building and managing top-quality workforce is not as easy as it may seem. In order to get to this point, a company has to believe that the human resource department is an investment and not a liability. Having a diverseRead MoreStrategic Human Resource Management : Job Specification And Recruitment Plan1449 Words   |  6 Pagescandidate having a balance between experience and education will have a lot to offer. The job specification hopefully will attract candidate who have the ability to understand the unstated, to pre-empt what the student needs and guide the student to develop those skills to enter indus try of their choice via internship, resume writing etc. We have tried to use cost effective methods to advertise the job opening. They are listed in the detailed report along with the reasons and benefits for each approachRead MoreThe For A Healthcare Administration Degree876 Words   |  4 Pagesand teaching. Individuals with these personalities will do well in jobs that need you to be dependable, be able to handle stress well, be very flexible, have a concern for others and have integrity. The skill set that is required include empathetic listening, giving undivided attention to the person you are working with, understanding kinesics, if something is not working then being able to change that to fit better to the person and having good problem solving skills. After taking the questionnaireRead MoreA Interview On Interview Etiquette1159 Words   |  5 Pagesand keep smiling while the first exchanges of conversation occur. If the interviewer offers you a drink, politely decline. Having a drink nearby opens the door for an accidental spill. Drinking during an interviewer is also distracting for both parties. After the interviewer invites you to take a seat, you can open your bag or portfolio and retrieve a copy of your resume for the interviewer. The interviewer will most likely have a copy; however, providing another one shows you are prepared. Read MoreJob Requirements And The Importance Of Selection Strategies Essay1633 Words   |  7 Pagesto completion of formal training in child development when working in licensed facilities, as well as background investigations may be required for state licensed facility which may include certifications in first aid and cardiopulmonary resuscitation (CPR). (Kelchner, 2016) The strategies that would be used in the selection of candidates for the various positions at our daycare would include resumes, initial interviews, gathering of biological information, and reference and background checksRead MoreTeaching English As A Second Language Learners1368 Words   |  6 Pageslanguage barrier for tourist encouraging more travel. Schools across the United States are reflecting this trend as teachers are more likely to encounter students who know more than one language or who are learning English as a second language. Having students who are English second language learners (ESL) in the classroom changes the learning environment as different teaching techniques are used. In some subjects like math these teaching techniques can change in a minute ways from how the teacherRead MoreIs Wireless Subscriber Connections ( Ctia 2014 )?1647 Words   |  7 Pagessubscriber connections (CTIA 2014). Unfortunately, this is not just a phase, but rather, a new and distu rbing trend that can easily transition into adulthood, resulting in these young people struggling to fill out job applications or prepare a proper resume, not to mention the other problems they are sure to face with an inability to formulate in their minds the difference between your and you re . No longer are today s young people typing complete sentences, but they re shorting their messages

Feminism, By Simone Beauvoir Essay - 1734 Words

According to Simone Beauvoir, feminism has already been tainted to an extent that there seems no hope of talking about the subject. Though a lot has been said about feminism, little improvement has been seen in women and they are still subject to man. Woman no longer exists as a fellow man but lives in the shadow of a man. Though a woman is just a fellow human being like a man, society has made her less significant such that there are no definite characteristics relating to a woman as it is for a man (Simone, 1949). The author wondered whether women still existed, if they are supposed to exist, and if they existed, what place would the society place them. In her introduction, Simone Beauvoir develops her thesis by claiming that women are a lost course and tries to give different characteristics given to a man to show that there is no definite place for a woman in society. Though women make a half of human population, they are normally encouraged to be and behave like women and men are viewed as a superior human being such that a woman is just the other. She cannot exist without a man though a man can exist on his own. The author gives definitions of a woman as society perceives her. One of the definitions is that a woman is characterized by a womb. However, some scholars oppose the definition by claiming that though some women have a womb, they cannot be referred to as women. The very parts that make a woman are what seem to imprison her. Ovaries, uterus, and glands makeShow MoreRelatedSimone de Beauvoir: Feminism and Existentialism806 Words   |  4 PagesSimone de Beauvoir: Feminism and Existentialism Simone de Beauvoir talks about women through the eyes of an existentialist in her book The Second Sex. Specifically, de Beauvoir’s views on how woman is â€Å"man’s dependent† shows the Subject and the Other relationship, a solution she gives to abolishing the oppression of women is that we need to abandon the idea that women are born feminine, second, weaker and not made, and the responsibility that she puts on herself and women for accepting the rolesRead MoreThe Eyes Of Feminism By Simone De Beauvoir2343 Words   |  10 PagesOf the first person to attempt to view history through the eyes of feminism, Simone de Beauvoir asserts that man is the great subject and woman is the other – man is seen as essential, woman is not. Her primary argument is that men fundamentally oppress women by characterizing them as the ‘other’. The author also believes that women’s inferiority in society is not a result of natural, sexual differences but rat her of differences in the societal development of men and women. She argues that womenRead MoreAnalysis Of The Second Sex By Simone De Beauvoir1305 Words   |  6 PagesSimone de Beauvoir is one of the leading intellectuals of women in French culture, and is a famous feminist. Her book, The Second Sex, challenged political and existential theories. Her most long-lasting effect is how women understand themselves, their relationships, their place in society, and the construction of gender. In this case, Simone de Beauvoir, Michele Le Doeuff, and Christine Delphy all seem to agree or disagree that the core questions that women must understand is how they are definedRead MoreExistentialism : Simone De Beauvoir And Angst994 Words   |  4 PagesJack Curry Mrs. Firmender Great Books Honors 22 September 2015 Simone de Beauvoir and Angst Existentialism is somewhat of an open topic. For some, it is a way of life, and everything they do goes along by the rules of existentialism. Other people know what it is, yet don’t follow by it. And then there are the people who have no idea what it is. Nevertheless, existentialism is by definition â€Å"a philosophical theory or approach that emphasizes the existence of the individual person as a free and responsibleRead MoreGender : History, Culture And Ideology Essay1664 Words   |  7 PagesAssignment #1 With reference to Simone de Beauvoir and Betty Freidan discuss the issues that were central to second wave feminism. Name: Shuruti Sharma Date: October 28, 2016. Course Code: HUMA 1951 Course Name: Introduction to Gender: History, Culture and Ideology TA: Catherine Swenson Student Number: 214474803 The concept of second wave feminism has constructed progressing ideologies that attempted to help women overcome gender constructed norms they have facedRead MoreThe Second Sex!1578 Words   |  7 Pagesrole of feminism in the 20th century changed the lives of many women, opening new doors to greater opportunities such has: jobs, education, and empowerment. Many achievements and organizations were a success in bringing a new role into society for women all over. However, the battle that seems to keep reappearing over time is the constant struggle between man and women and the fundamental question that still is left unanswered, who is inferior? In her novel, The Second Sex, Simone de Beauvoir discussesRead MoreSimone De Beauvoir And Patricia Hill Collins Feminist Perspective On Womens Traditional Roles?1433 Words   |  6 Pages Simone De Beauvoir and Patricia Hill Collins Feminist Perspective on Women’s traditional Roles Selene Sandoval Sociology of Theory December 1, 2017 All throughout history women of all race have been portrayed as creatures whose opinions, feelings, and goals never mattered in this androcentric world. Although women have moved up in the equality ladder to some extended, women still have a longs ways to go when it comes down to real equal rights. 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Women always have to be doing things correctly or men attack their very being. Men have expected women to be submissive to them from the beginning of time, as life has always been a patriarchy. Feminism has always been buried under the dirt but in the last 50-100 yearsRead MoreFeminism And Gender And Sexuality1378 Words   |  6 Pagesthey were entitled to, this notion sparked the concept of feminism. Simone De Beauvoir references women as the ‘second sex’, saying that â€Å"one is not born, but rather becomes a woman† (2382). By this statement, De Beauvoir argues that women are not born a women, but are taught from infancy to accept society’s role of ‘woman’. The idea that women are taught to accept their role by society is the concept that feminism fights. Historically, Feminism has evolved from the critical examination of inequality

Construction and Property Law for Memorandum -myassignmenthelp

Question: Discuss about theConstruction and Property Law for Memorandum of Advice. Answer: This memorandum identifies the possible liabilities which could be raised for different parties owing to the construction work which was recently undertaken. Through the analysis of the case study, it becomes clear that NSW Government would be able to claim liquidated and consequential losses from AllTrack and Von Fimerick for the delay, inferior quality and wrong construction. Apart from this, AllTrack would be able to claim damages from Von Fimerick for the delay caused in performing the work. For the physical injury and psychiatric illness caused to Tom and Bob, NSW Government and Jean Holland would be liable. However, the damages which would be awarded to Tom by the court would be brought down owing to his contributory negligence. NSW Government Heading Contract Law Issue Whether NSW Government can make AllTrack liable based on the contracts which were drawn, for the subpar quality of products used and for the delay in completion of project. Rule As a construction contract is a contract, the non-performance of the terms of such contract can result in the breaching party being made liable. Where the contractor fails in completing their work within the time which had been prescribed to them, liquidated damages are awarded to the aggrieved party. Where the contract provides the provisions for damages to be awarded be it in terms of consequential losses or the liquidated damages, and where the parties to contract have agreed to such clause, the provisions of such damages would be applicable, owing to the same being a term of the contract (Bailey and Bell, 2011). Also, where there are any defects or shortfalls in the construction work which has been carried, the defaulting party can be made liable for such faults. Here, the defaulting party includes both contractor and sub-contractor. Often such defects in materials and workmanship are discovered very late. Still, the contractor remains liable for such contraventions. Under the contract law, the plaintiff who had to bear the loss as a result of the contravention of contract, gets the entitlement to the extent of monetary damages, which would allow for the aggrieved party to be put in place, where they would have been, in case the contract had been performed, as was seen in Turner Corporation Ltd (Receiver and Manager Appointed) v Austotel Pty Ltd (1994) 13 BCL 378 (Bailey and Bell, 2011). Application Owing to the contract undertaken between AllTrack and NSW Government, NSW Government can claim the costs of delay from AllTrack and also for the inferior tiles used and the platforms being 30 cm narrower. This is due to the clear specifications provided under the contract drawn between the two parties. As the case study is silent on a time delay clause being present in the contract, it is assumed to be present. It was important for AllTrack to fulfil the contractual obligations; by not doing the same, they can be made liable in terms of liquidated damages and the consequential loss. This would allow for NSW Government to be put in place where they would have been, based on Turner Corporation Ltd (Receiver and Manager Appointed) v Austotel Pty Ltd, had the contract been properly performed. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that NSW Government would be able to claim liquidated and consequential losses from AllTrack for the delay, inferior quality and wrong construction. AllTrack Heading Contract Law Issue Whether AllTrack can claim any damages from Von Fimerick based on the contracts which were drawn, for the subpar quality of products used and for the delay in completion of project? Rule In construction industry, a common principal of letter of intent exists. The result of this document is that the actual intention in the letter can be deemed as acceptance instead of being a mere indication of intent to get in a binding contract at a later date. In Cox Constructions Pty Ltd v Decor Ceilings Pty Ltd (No 2) [2005] SASC 483, it was held by the court that the parties were bound exclusively and immediately by the last letter which was sent. In this case, a final and formal agreement was being created but could not reach its end. As the terms of the second contract could not be agreed upon, the parties were bound by the terms of letter of intent. So, the letter of intent is the acceptance. The contractors are thus allowed to recover the costs incurred in the anticipation of creation of contract on restitutionary basis (Bailey and Bell, 2011). Application With regards to the contract which took place between the contractor AllTrack and subcontractor Von Fimerick, Cox Constructions Pty Ltd v Decor Ceilings Pty Ltd (No 2) proves to be of help. As per the quoted case, the Letter of Intent would be binding here. This is because no agreement could be attained on the overall limitation of liability and even on the prices and delivery dates. As a result of this, the Letter of Intent would be deemed as the final agreement. However, there is no clarity given in the case study regarding the time by which the delivery had to be made. Assuming that there had been actual delay in the delivery being made by Von Fimerick of slab tracks, the quoted case would allow AllTrack to claim damages from Von Fimerick. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that for the delay caused in performing the work, AllTrack would be able to claim damages from Von Fimerick. Von Fimerick Heading Contract Law Issue Whether Von Fimerick can be made liable based on the contracts which were drawn, for the subpar quality of products used and for the delay in completion of project? Rule (Same as that for AllTrack) Application As the letter of intent was binding based on Cox Constructions Pty Ltd v Decor Ceilings Pty Ltd (No 2), Von Fimerick would be bound by the terms of Letter of intent. This includes the potential unlimited liability for delayed completion and subpar quality products. Further, where NSW Government decides to sue Von Fimerick along with AllTrack, they would have to bear the liability, for the reasons of being a subcontractor. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that Von Fimerick can be made liable based on the contracts which were drawn, by both AllTrack and NSW Government. Tom Heading Tort Law Issue Whether Tom can make a successful claim of negligence against NSW Government or not? Rule Negligence refers to the breach of duty of care which results in one person getting injured/ harmed or has to bear a loss, owing to the lack of care which the first person undertook, in fulfilling their work. Where a case of negligence is established, the aggrieved party is awarded damages. In order to make a case of negligence, there is a need to show that a duty of care was owed to the plaintiff by the defendant. The next requirement is to show that this duty of care had been breached as the requisite standard of care was not adopted by the defendant. The third requirement is to show that a material damages was caused to the plaintiff owing to the breach of duty by the defendant. The fourth requirement is to show that there was reasonable proximity between the plaintiff and the defendant, to show that the damages were not too remote. The last requirement is to consider the defences raised by the defendant for rebuffing or reducing their liability (Bailey and Bell, 2011). In Donoghue v Stevenson [1932] UKHL 100, the judges held that there is a need to take reasonable care in avoiding the acts which could result in such damage, where such chance of such injury or loss was reasonably foreseen. This foreseeability is required to establish a duty of care. There is a need to consider the plaintiffs vulnerability to harm owing to the conduct of the defendant. Once the duty of care has been shown, its breach also needs to be established. It is the duty of building professionals to protect against the possibility of risk, and the risk becomes greater where the standards are higher. The next requirement is to show that the plaintiff was hurt or injured and that an actual damage had taken place. Apart from the physical injury caused to the individual, the damages can also be claimed for economic loss. However, Perre v Apand (1999) 198 CLR 180 dictates that the situation, in which an individual could be liable for pure economic loss, is limited in comparison to physical injury (Bailey and Bell, 2011). A leading defence which is used in cases of negligence is contributory negligence. In this defence, the defendant can show that the plaintiff partly resulted in the damages being caused to them. In such cases, the damages awarded to the plaintiff for negligence, are reduced by the court, due to the failure of plaintiff in taking reasonable care of protecting them (Bailey and Bell, 2011). Application In the present case study, it was reasonably foreseeable that a failure in signal would result in a mishap. As NSW had engaged Jean Holland, they had the responsibility of the work which they undertook. Due to the foreseeability of harm, NSW Government owed a duty of care to Tom and Bob based on Donoghue v Stevenson. Even though in the past such signal failure had not resulted in any harm, the presence of signal failure was enough to make NSW Government liable, particularly because this defect had already been detected earlier, and was not fixed. The standard of care required NSW Government to fix this defect on urgent basis. Not doing so, was thus a breach of duty of care. Tom was injured owing to the accident, which happened due to signal failure. He was permanently disabled, which is not remote injury. However, he was texting on his phone when the incident took place, which means that he contributed towards the injury which he sustained. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that a claim against NSW Government by Tom would be successful, for the physical injury caused to him under the law of negligence. However, the damages which would be awarded to Tom by the court would be brought down owing to his contributory negligence. Bob Heading Tort Law Issue Whether Bob can make a successful claim of negligence against NSW Government or not? Rule The plaintiff has to show that the balance of probabilities was due to the negligence of the defendant. Under section 30(2) of the Civil Liability Act, 2002 (NSW), where an individual who suffers mental harm owing to other person being injured, can recover damages only when they witnessed the scene or were a close family member of the victim. In Hambrook v Stokes [1925] 1 KB 141, the plaintiff was able to recover damages due to him fearing safety of life of a close relative. In Jaensch v Coffey (1984) 155 CLR 549, the losses were recoverable for the plaintiff as they witnessed the aftermath of accident which involved a loved one and developed psychiatric harm as a result of it (Bailey and Bell, 2011). Application In context of Bob, the damages were not physical and were instead in form of psychiatric illness. Bob witnessed his closed one getting injured, which would make him liable for getting the damages from NSW Government based on section 30(2) and based on the case of Jaensch v Coffey, as he developed psychiatric injury by watching the aftermaths of the loved one getting injured. However, these damages would not be awarded to him based on Hambrook v Stokes as even though he witnessed the incident, he did not fear for his life. This is particularly because he was busy filming the entire incident which took place, in place of trying to help his cousin. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that a claim against NSW Government by Bob would be successful, for the psychiatric illness caused to him under the law of negligence. Jean Holland Ltd Heading Tort Law Issue Whether Tom and Bob can make a successful claim of negligence against Jean Holland Ltd or not? Rule In Voli v Inglewood Shire Council [1963] HCA 15, it was held that owing to the poor design, the architect could be sued by the third party when they sustained injury. Application Here, both Tom and Bob can also bring action against Jean Holland on the basis of Voli v Inglewood Shire Council, as both of them were injured owing to the fault of the professional. Conclusion Based on the discussion undertaken in the previous segment, it can be concluded that Tom and Bob can also make the same claims against Jean Holland and would be successful. References Bailey, I., and Bell, M. (2011) Construction Law in Australia. 3rd ed. Rozelle, NSW: Thomson Reuters Australia.

Steven Spielberg Biography Essay Example For Students

Steven Spielberg Biography Essay Rob MartinelleAmerican Literature C BlockResearch Paper: Final Draft18 May, 1999Steven Spielberg: Revolutionary and VisionaryWho would have thought that a brilliant career in filmmaking could have originated with a modest jar of Skippy Peanut Butter smeared on a neighbors window in a tiny Cincinnati suburb? One might not think that such an average boyhood prank could evolve a boy into a man who would become the most financially successful film director in history. Well, that is exactly where Leah Spielberg, Steven Spielbergs mother, would trace her sons initial entry into becoming one of our nations most creative storytellers. ?His badness was so original,? she recalls (Stein 3). We will write a custom essay on Steven Spielberg Biography specifically for you for only $16.38 $13.9/page Order now Steven Spielberg, the only child of Leah and Arnold Spielberg, was born on December 18, 1946 at the beginning of the Baby Boom years in Cincinnati, Ohio. It does not take a great stretch of the imagination to see that Stevens film influences were derived from his fathers experience as a World War II veteran and computer technician and his mothers past profession as a concert pianist. The love and amount of technology, history, and music within Stevens films can all be traced back to his early life with his family. While many men returning from war never want to reiterate their experiences, Stevens father seemed to be an exception. Steven said of his father, ? he intoxicated me with bedtime stories about the war. His stories were like the war movies I was watching on television, all worthy of cameo appearances by John Wayne? (Stein 1). It is no wonder that at the age of twelve Stevens first film, Fighter Squad, was filmed on a WWII fighter plane (Corliss 79). However, when Steven was unable to find certain props or realistic backdrops, he simulated dogfights and plane crashes by editing in footage from a WWII documentary. Only a year later, in 1960, he featured the war family Jeep in his second film, Escape to Nowhere, which was an action picture in which GIs invaded a Nazi hideout in the Libyan Desert. Since his family had moved to Arizona in 1960, the Arizona desert near his house would easily replicate the simulation of the Libyan Desert. It is clear that Stevens love and knowledge of visual effects began many years before his creation of a mechanical great white shark in 1975. There have been many incidents throughout Stevens childhood that have made it into his films. At the age of six, Stevens father awoke him to witness a meteor shower in the middle of the night (Stein 2). In time this event would also find its way into his 1977 film, Close Encounters of the Third Kind. The grin of a clown, a deadly tree outside a window, and being afraid at night, all out of 1982s Poltergeist, were all born out of Stevens real childhood phobias (5). Influence for films such as 1993s Academy Award winning drama/documentary Schindlers List could be attributed Steven growing up in a Jewish family. Steven has recalled that during his days in school he felt discriminated from others for being apart of the only Jewish family within the whole community (Graham 530). During the Christmas season, he would be embarrassed that his familys house would be the only one without lights or decorations. When his father offered to place a menorah in the window, Steven responded, ?No!?People will think were Jewish? (Graham 528). Steven has claimed to have learned his numbers as a toddler with the help of a concentration camp survivor who pointed out the numerals tattooed on his arm. However, it was at high school, where he was first exposed to anti-Semitic behavior. He would suffer verbal and sometimes physical abuse from other students. Making movies was definitely an escape for Steven who told the New York Post, ?I enjoy the sense of being transported and no longer thinking anyone is in the audience? (529). ?Nearly three years after finishing Escape to Nowhere, he made his first feature-length film Firelight. It was a two-and-a-half-hour science fiction epic about an investigation of mysterious lights in the sky. However, it was also a look at a rocky marriage. Could the couple within the film have been Arnold and Leah who divorced when Steven was nineteen? Although Steven disregarded it as a terrible film, it was a commercial success. After his family had hired a local movie theatre to screen it, it earned back its entire 500-dollar budget in one night.? (Stein 7) Throughout high school, Steven did not receive grades one might call ?Harvard quality.? Because of this, he was not accepted to any film schools. Therefore, he later enrolled in California State College where he majored in English. In his spare time, he studied films and spent a lot of time trying to get into the parking lots of motion picture studios in an attempt to get producers to look into his films. Unfortunately, the studios would not budge. It would not be until Sidney Sheinherg, head of television at Universal Studios, caught a glimpse of Stevens twenty-five minute road movie, Amblin. After seeing it, Sheinherg offered Steven a seven-year contract to direct television episodes. He would go on to direct episodes of Marcus Welby, M.D., Columbo, and The Name of the Game (Corliss 80). Eventually Universal assigned Steven to his first made-for-television film, Duel. Showing off his skills at editing and creating heart-stomping action sequences, the film was well receiv ed critically. Pauline Kael of the New Yorker writes, ?it is one of the most phenomenal debut films in the history of movies? (Graham 531) Many critics still consider it ?the best American television movie ever made? (529). Due to the films success overseas, Universal Studios handed Steven the adaptation of Peter Benchleys popular novel Jaws, a story of a great white shark terrorizing a seaside community. The film, starring Richard Dreyfuss and Roy Scheider, broke ground in many ways. Aside from eclipsing every box office record at the time, it broke ground in visual effects, constructing a mechanical, remote-controlled replica of a great white shark. Steven reflects back on 1975 during the shooting of Jaws, ?it was the loneliest time of my life. Jaws exacerbates the loneliness by the sheer size of the Atlantic Ocean and the challenge of shooting a complete motion picture on the water? (Corliss 78). Gary Arnold wrote of Jaws, ?There has never been an adventure-thriller quite as terr ifying yet enjoyable as Jaws, and it should set the standard in its field for many years to come? (Graham 529). And that it did. The film would set the standard in the thriller genre with films like John Carpenters 1978 slasher Halloween. Replace the seaside community with Haddenfield, Illinois and the shark with ?Michael Myers? and you have a prime example of the ?Jaws? influence. Not only influencing the genre, the film had a lasting affect on ordinary moviegoers alike. Betty Martinelle, your average film fan recalls at the time, ?although it probably didnt keep most people out of the water that summer, theres hardly a person around that didnt at least take a good glance at the water before going in? (Martinelle). Aside from establishing himself as Hollywoods director to watch out for, Jaws marked his first time collaborating with composer and former head of the Boston Pops, John Williams. He created the now famous two-note theme to the movie as well as doing the scores for everyo ne of Stevens films to come afterward. Grossing well over 200 million dollars, Jaws created the concept of the ?summer movie blockbuster.?Coming off the phenomenal success of Jaws, Steven went back to his passion for science fiction with 1977s Close Encounters of the Third Kind. The film, which Steven both wrote and directed, focuses on an alien-obsessed family man played by Richard Dreyfuss and his fascination with alien spaceships. ?Its a movie for people who like to use their imaginations,? he told Film Comment (Graham 530). Stanley Kaufman described the films finale as ?one of the most overpowering, sheerly cinematic experiences I can remember? (529). Having released his second box office smash in a row, Steven also earned his first Oscar nomination as well. Unfortunately, he would lose in what would be the beginning of an Oscar losing streak. This time period would also mark his meeting and collaboration with another director whom he met at a film festival, George Lucas. ?Steve n saw Lucas as both compadre and competition? (Empire 5). The two would develop a close friendship over the years that stands to this day and would collaborate on many projects. Steven would be the executive producer on Lucass 1977 mega-hit, Star Wars. The film would even gross more money than that of Spielbergs own Jaws. It was in 1981, however, that Lucas and Spielberg would collaborate on Raiders of the Lost Ark. Aside from making the lead character Indiana Jones, played by Harrison Ford, the biggest action hero in American cinema next to James Bond, the film was nothing short of non-stop entertainment and suspense. ?Raiders puts people in the same place that made me want to make movies as a child, which wanting to enthrall, entertain, take people out of their seats to get them involved in the kind of dialogue with the picture youve made. Theyre just a lot of fun to make? (Graham 530). Grossing around 300 million dollars and spawning two sequels, it earned Steven his second Oscar nomination for Best Director. While ?Raiders? gave him the reputation as the master of action sequences, it would not be until later on that he would be taken as a serious film director. Following ?Raiders,? Steven released what he calls his most personal film, E.T.: The Extra-Terrestrial, in 1982. The film, starring a then young Henry Thomas and Drew Barrymore, told the story of an alien and his friendship with a young boy after being left behind by his spaceship. At the time, Steven revealed to the Harper Bazaar, ?the movie is about how I felt when my parents broke up? (Corliss 78). In the words of a USA Today columnist after E.T.s release, ?Steven is the first director since Alfred Hitchcock to become a household name? (Graham 530). In addition to earning Steven yet another Oscar nomination which he lost again, E.T. grossed nearly 400 million dollars beating fellow buddy Lucass blockbuster, Star Wars. .u4a9df5035357c123c2c0c7d43f486b07 , .u4a9df5035357c123c2c0c7d43f486b07 .postImageUrl , .u4a9df5035357c123c2c0c7d43f486b07 .centered-text-area { min-height: 80px; position: relative; } .u4a9df5035357c123c2c0c7d43f486b07 , .u4a9df5035357c123c2c0c7d43f486b07:hover , .u4a9df5035357c123c2c0c7d43f486b07:visited , .u4a9df5035357c123c2c0c7d43f486b07:active { border:0!important; } .u4a9df5035357c123c2c0c7d43f486b07 .clearfix:after { content: ""; display: table; clear: both; } .u4a9df5035357c123c2c0c7d43f486b07 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4a9df5035357c123c2c0c7d43f486b07:active , .u4a9df5035357c123c2c0c7d43f486b07:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4a9df5035357c123c2c0c7d43f486b07 .centered-text-area { width: 100%; position: relative ; } .u4a9df5035357c123c2c0c7d43f486b07 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4a9df5035357c123c2c0c7d43f486b07 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4a9df5035357c123c2c0c7d43f486b07 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4a9df5035357c123c2c0c7d43f486b07:hover .ctaButton { background-color: #34495E!important; } .u4a9df5035357c123c2c0c7d43f486b07 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4a9df5035357c123c2c0c7d43f486b07 .u4a9df5035357c123c2c0c7d43f486b07-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4a9df5035357c123c2c0c7d43f486b07:after { content: ""; display: block; clear: both; } READ: Liberal Arts and Business EssayBecause Steven was always interested in so many projects, he was never able to attend to all of those he wished. Thus, in 1984, he founded his own production company, Amblin Entertainment. The result would be a number of great films including Gremlins, The Back to the Future Trilogy, and Who Framed Roger Rabbit? Growing tired of creating action packed stereotypical Spielberg pictures, in 1985 Steven made his first attempt at serious filmmaking, The Color Purple. The story evolved around a woman, played by Whoopi Goldberg, who is oppressed by the men around her. The film, though received by most as deeply moving, received criticism for what so me called ?insensitivity to the realities of poverty, brutality, and black experience? (Graham 531). The film made Whoopi Goldberg into huge star and earned eleven Academy Award nominations. Ironically, Steven was snubbed for Best Director and the film failed to win one award in what would mark the beginning of the Academys reputation for disregarding films that deal with African-American culture. His first attempt at serious filmmaking would lead to 1987s Empire of the Sun, a film about a British boys experience within a Japanese concentration camp during World War II. Once again, his fathers influence showed up on screen. Empire of the Sun and The Color Purple would be among Stevens least commercially successful efforts. In an attempt to rebound off of 1991s box office flop, Hook, Steven released in the summer of 1993 what would become at the time the most successful film in the history of American cinema. When Jurassic Park was released, Steven made us believe that dinosaurs existed through the use of digital effects on computers. Astounding crowds with trademark Spielberg action, the films gross would not be toppled until the 1997 winter release of James Camerons historical epic Titanic. During the shoot of Jurassic Park, Steven began work on another project, Schindlers List, which would become his most critical success of his career. Schindlers List is the true story of Oskar Schindler who saved over one thousand Jews from certain death by employing them in his factory during World War II. One writer for Newsweek noted, ?this movie will shatter you, but it earns its tears honestly? (Corliss 81). The film was nominated for eleven Academy Awards and won seven including Best Picture and finally after all the rejections, Steven won his first Oscar for Best Director. In 1997 when the American Film Institute announced the ?100 Greatest Films of All Time,? five of Stevens films were among them including Schindlers List which ranked at number nine. Following the production of the film, in 1994 Steven founded the Survivors of the Shoah Visual History Foundation, which recorded oral histories of Holocaust survivors. He then followed that up with the Righteous Persons Foundation, which provided grants for Jewish groups and causes. After taking a three-year break from film making, Steven returned in 1997 with a not surprising follow-up to 1993s Jurassic Park entitled The Lost World. Despite the films commercial success, the film has been regarded as the worst work of Stevens career. Even Steven himself has noted that the film was made because he knew that it would be a huge blockbuster. Later that same year, he released the drama Amistad, the true story of African-American mens struggle for freedom aboard the slave ship ?La Amistad.? Even though the film was named as one of the best pictures of the year by critics throughout the country, the film failed to receive any Oscar recognition which some might attribute to the Academys reputation of, once again, disregarding films that deal with African-Americans and their culture. Most recently in 1998, Steven released the World War II drama Saving Private Ryan which single-handedly redefined the term ?movie violence.? Creating what some may call the most graphic and realistic war movie ever made, Steven made the film as a tribute to his father and dedicated it to him after receiving his second Oscar at the seventy-first Annual Academy Awards. People were taught that war is no laughing matter. Steven Spielbergs films have left us with so much to remember. From the horrors of Auschwitz to the image of a boy on a bicycle, sillouhetted against the moon, his films have sketched images in our minds we are unable to forget. Hi s influence upon mainstream Hollywood directing is more than evident. Whether it be making us reflect on past tragedies or teaching us that differences should be celebrated aside from being just recognized, his methods of storytelling have established him as more than just a wonderful film director, but as a great humanitarian. BibliographyWorks CitedCorliss, Richard. ?Peter Pan Grows Up, but Can He Still Fly Time Magazine. 19 May, 1997. 75-82. .u0959c8213d6de752ecd0ab15bbdd7c71 , .u0959c8213d6de752ecd0ab15bbdd7c71 .postImageUrl , .u0959c8213d6de752ecd0ab15bbdd7c71 .centered-text-area { min-height: 80px; position: relative; } .u0959c8213d6de752ecd0ab15bbdd7c71 , .u0959c8213d6de752ecd0ab15bbdd7c71:hover , .u0959c8213d6de752ecd0ab15bbdd7c71:visited , .u0959c8213d6de752ecd0ab15bbdd7c71:active { border:0!important; } .u0959c8213d6de752ecd0ab15bbdd7c71 .clearfix:after { content: ""; display: table; clear: both; } .u0959c8213d6de752ecd0ab15bbdd7c71 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u0959c8213d6de752ecd0ab15bbdd7c71:active , .u0959c8213d6de752ecd0ab15bbdd7c71:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u0959c8213d6de752ecd0ab15bbdd7c71 .centered-text-area { width: 100%; position: relative ; } .u0959c8213d6de752ecd0ab15bbdd7c71 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u0959c8213d6de752ecd0ab15bbdd7c71 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u0959c8213d6de752ecd0ab15bbdd7c71 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u0959c8213d6de752ecd0ab15bbdd7c71:hover .ctaButton { background-color: #34495E!important; } .u0959c8213d6de752ecd0ab15bbdd7c71 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u0959c8213d6de752ecd0ab15bbdd7c71 .u0959c8213d6de752ecd0ab15bbdd7c71-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u0959c8213d6de752ecd0ab15bbdd7c71:after { content: ""; display: block; clear: both; } READ: The Myth Of Consumerism EssayDyer, Richard. ?At Work Again, he and John Williams Exalt in their Admiring of 24 Years.? Boston Globe 24 Feb. 1998: 4/13/99 http://www.multimania.com/spielbrgStein, Ruthe. ?Biography : Steven Spielberg.? Empire Mar. 1998: 4/13/99 http://www.multimania.com/spielbrgGraham, Judith. Current Biography Yearbook 1996. New York: H.W. Wilson Company, 1996. Gritten, David. ?When the Going Got Tough: Steven Spielbergs D-Day Drama ?Saving Private Ryan salutes the ?citizen soldier of WWII.? L.A. Times 10, May 1998: 4/13/99 http://www.multimania.com/spielbrgMartinelle, Betty. Personal Interview. 11 Apr. 1999. Biographies

Sup. Natl In Macbeth Essays (745 words) - Characters In Macbeth

Sup. Nat'l In Macbeth ?Supernatural Forces in Macbeth? In Shakespeare's Macbeth, specific scenes focus the readers' attention to the suspense and involvement of the supernatural. The use of witches, apparitions and ghosts are an important element in making the play interesting. Examining certain scenes of the play, it can be determined that as supernatural occurrences develop, Macbeth reflects a darker self-image. Macbeth experiences his first strange encounter of the supernatural when he meets the three witches in act one, scene one. After learning of his prophecies to become king, Macbeth states, ?Glamis, and Thane of Cawdor: The greatest is behind (still to come).? (1.3.117-118). Shakespeare uses foreshadowing, a literary technique, to suggest to his readers the character Macbeth will suffer a personality change. Macbeth also implies his first notions of plotting an evil scheme by this comment. After the prophecies of the witches revealed the fate of Macbeth, the quest of the throne will be his next vi ctory. ?The witches reveal a fate for Macbeth and imply that a part of what will come to him must come, but they reveal no fate of evil-doing for him and never, even by suggestion, bind him to evil doing. ?, states literary critic Willard Furnham. Furnham declares the only power the witches obtain over Macbeth, is the power of insinuation. By offering to Macbeth the idea of power, the witches push Macbeth to the next level of greed and evil which was non-existent prior to the encounter. The murder and death of King Duncan initiates Macbeth's second encounter with the supernatural when he witnesses a floating dagger. As Macbeth awaits the signal to make his way up the stairs, he sees the floating dagger and proclaims, ? Come, let me clutch thee. I have thee not, fatal vision, sensible (able to be felt) to feeling as to sight, or art thou but a dagger of the mind, a false creation, proceeding from the heat-oppressed brain (2.2.33-38). This apparition confuses and frightens Macbeth. He can not comprehend how he can see something and not be able to touch it. ?Thou leads me the way I was going; and such an instrument I was to use. And on thy blade and hilt, drops of blood which was not so before. There's no such thing. It is bloody business which takes shape.? (2.2.43-49) Here, Macbeth begins to question whether his mind is playing tricks on him. The situation seems quite coincidental considering he is minutes from murdering a man with a similar weapon. He states the apparition is due to the bloody business about to occur. The dagger symbolizes the point of no return for Macbeth. If he chooses the path in which the dagger leads, there will be no turning back. Macbeth fears Banquo for his prophecy is to father kings, so Macbeth proceeds to plot the murder of his once friend, which spurs yet another brush with the supernatural. Macbeth attends a banquet at which he witnesses the ghost of his dead friend. (3.4.37-145) The fortunes of the three witches sparked Macbeth' s desire to murder Banquo and caused him to dig himself into a deeper hole. Macbeth's guilt and fear combined drive him to darker and more evil actions in an attempt to cover his past misdeeds. ?What man dare, I dare. Approach though like the rugged Russian bear, the armed rhinoceros, or th' Hyrcan tiger; Take any shape but that (Banquo) and my firm nerves shall never tremble.? (3.4.100-104) Macbeth is terribly frightened by the bloody ghost haunting him and is angered that the ghost revealed it self to him. His guilt causes him to proclaim he could take on a rhino, tiger or any other wild animal, but not Banquo's ghost. After his encounter with the ghost, Macbeth proceeds to visit the witches one last time to insure his security. After this last visit, Macbeth becomes overconfident and a tyrant, which cause his downfall. The use of supernatural in Macbeth, is a major factor in the suspenseful nature of his work. Without the witches, apparitions and the ghost, Macbeth could not have reached his downfall. The use of supernatural in Macbeth caused Macbeth to become a darker and more evil person with each

Simple Décrire Verb Conjugations in French

Simple Dà ©crire Verb Conjugations in French In French, to say to describe, you must use the verb  dà ©crire. Admittedly, conjugating this verb to mean described or will describe is not the easiest thing to do. However, a quick lesson and some dedicated practice will help you memorize this tricky verb. Conjugating the French Verb  Dà ©crire Dà ©crire  is an  irregular verb, so it does not follow one of the common verb conjugation patterns found in French. Yet, all  French verbs ending in  -crire  are conjugated this way. You might consider studying a few at the same time to make learning each just a little easier. Conjugations transform the verb into the present, future, or past tense so the sentence makes sense. This is done by identifying the verb stem - in this case,  Ã¢â‚¬â€¹dà ©cri- - then adding the appropriate infinitive ending for the subject pronoun. For instance, I describe is je dà ©cris and we will describe is nous dà ©crirons. Subject Present Future Imperfect je dà ©cris dà ©crirai dà ©crivais tu dà ©cris dà ©criras dà ©crivais il dà ©cris dà ©crira dà ©crivait nous dà ©crivons dà ©crirons dà ©crivions vous dà ©crivez dà ©crirez dà ©criviez ils dà ©crivent dà ©criront dà ©crivaient The Present Participle of  Dà ©crire When you add -ant  to the verb stem of  dà ©crire, you form the  present participle  dà ©crivant. It is a verb, of course, yet youll also find it used as an adjective, gerund, or noun at times. The Past Participle and Passà © Composà © The  past participle  of  dà ©crire  is  dà ©crit.  Its used in the construction of the  passà © composà ©Ã‚  for the past tense of described. To use it, you must also conjugate the  auxiliary verb  avoir. The passà © composà © comes together quickly once you know these rules. As an example, I described is jai dà ©crit and we described is nous avons dà ©crit. More Simple Dà ©crire  Conjugations Among the other simple verb conjugations of  dà ©crire  that you should know are the subjunctive and conditional. Each implies some degree of uncertainty or dependency in the act of deciding. In literature, youll come across either the passà © simple or imperfect subjunctive forms. While you may not use them yourself, recognizing them as a form of  dà ©crire  will help with comprehension. Subject Subjunctive Conditional Passà © Simple Imperfect Subjunctive je dà ©crive dà ©crirais dà ©crivis dà ©crivisse tu dà ©crives dà ©crirais dà ©crivis dà ©crivisses il dà ©crive dà ©crirait dà ©crivit dà ©crivà ®t nous dà ©crivions dà ©cririons dà ©crivà ®mes dà ©crivissions vous dà ©criviez dà ©cririez dà ©crivà ®tes dà ©crivissiez ils dà ©crivent dà ©criraient dà ©crivirent dà ©crivissent In short, assertive commands and requests, the imperative verb form is used. When using this, keep the sentence short and skip the subject pronoun: dà ©cris rather than tu dà ©cris. Imperative (tu) dà ©cris (nous) dà ©crivons (vous) dà ©crivez

Statistics Quiz Multiple choice Project Example | Topics and Well Written Essays - 500 words

Quiz Multiple choice - Statistics Project Example IV. If the process were repeated many times, each time selecting random samples of 500 people aged 20-24 and 450 people aged 25-29 and each time constructing a confidence interval for p1  - p2, 95% of the time the confidence interval limits will contain the true difference between the two population proportions. Assume that you plan to use a significance level of  Ã‚  = 0.05 to test the claim that p1  = p2, Use the given sample sizes and numbers of successes to find the pooled estimate  . Round your answer to the nearest thousandth. The table shows the number satisfied in their work in a sample of working adults with a college education and in a sample of working adults without a college education. Assume that you plan to use a significance level of  Ã‚  = 0.05 to test the claim that  Ã‚  Find the critical value(s) for this hypothesis test. Do the data provide sufficient evidence that a greater proportion of those with a college education are satisfied in their work? Use this approach to find the size of each sample if you want to estimate the difference between the proportions of men and women who plan to vote in the next presidential election. Assume that you want 99% confidence that your error is no more than 0.05. A researcher reports an F-ratio with df= 3, 36 from an independent-measures research study. Based on the df values, how many treatments were compared in the study and what was the total number of subjects participating in the study? A research obtains an F-ratio of F = 4.00 from an independent-measures research study comparing 2 treatment conditions. If the researcher had used an independent-measures t statistic to evaluate the data, what value would be obtained for the t statistic? An independent-measures research study compares three treatment conditions using a sample of n = 5 in each treatment. For this study, the three samples totals are, T1 = 5, T2 = 10, T3 = 15. What value would be obtained for SS between? An

Risk Management in a Corperate Retail Store Research Paper

Risk Management in a Corperate Retail Store - Research Paper Example In the final portion of the paper, the researcher identifies important methods of dealing with the issues in JCPenney. This is done through an application of methods and systems of retail risk management and corporate governance. The paper recommends that the management of JCPenney need to re-examine the controls and the risk management system of the supermarket. This should lead to the formulation of alternative systems and strategies for the prevention and control of risks in the supermarket. Retail management is defined by Berman and Evans as â€Å"the art and science of bringing the ultimate consumer a product through a series of stages which are coordinated through a set of defined objectives and strategies† (2009 p1). Retail management therefore entails all the necessary steps that a shop or store goes through to ensure that consumers get products that they desire. However, retail management is a conscious process that involves certain activities and steps that provides optimal services for consumers (Berman and Evans, 2009 p1). This means that for retail management to succeed, there should be a clearly defined end which will be attained through a deliberate and conscious effort to attain that end. 5. Alignment: all stakeholder needs, ranging from shareholders quests for higher profits and the wider societys desire for healthy lives and environmental responsiveness should be aligned to the activities of a retail venture. This therefore means that retail management is intertwined with numerous activities and plans that enables the ends and objectives of the company to be actualized. Management of retail ventures is described as both an art and a science. This therefore means that it is about how to attain stated objectives through rules, regulations and other competencies. 1. Supply chain management and channel distribution: this involves the sourcing of goods from wholesalers or producers and getting them to the final

Company Profile of Sony Essay Example for Free

Company Profile of Sony Essay Company Profile Sony is synonymous with consumer electronics. Its especially big in TVs and game consoles like PlayStation3. Officially named Sony Kabushiki Kaisha, the company designs, develops, manufactures, and sells a host of electronic equipment, instruments, and devices for consumer, professional, and industrial markets. Professional products include semiconductors and components. A top global media conglomerate, Sony boasts additional assets in the areas of music (Sony Music Entertainment), film (Sony Pictures Entertainment and Sony Digital Production), DVDs (Sony Pictures Home Entertainment), and TV (Sony Pictures Television). Sony also has several financial services businesses and an advertising agency in Japan. History Sony found its beginning in the wake of World War II. In 1946, Masaru Ibuka started an electronics shop in a bomb-damaged department store building in Tokyo. The company had $530 in capital and a total of eight employees. The next year, he was joined by his colleague, Akio Morita, and they founded a company called Tokyo Tsushin Kogyo (Tokyo Telecommunications Engineering Corporation). The company built Japans first tape recorder, called the Type-G. In 1958 the company name was changed to Sony. In the early 1950s, Ibuka traveled in the United States and heard about Bell Labs invention of the transistor. He convinced Bell to license the transistor technology to his Japanese company, for use in communications. Ibukas company made the first commercially successful transistor radios.According to Schiffer, Sonys TR-63 radio cracked open the U.S. market and launched the new industry of consumer microelectronics. By the mid-1950s, American teens had begun buying portable transistor radios in huge numbers, helping to propel the fledgling industry from an estimated 100,000 units in 1955 to 5 million units by the end of 1968. Origin of name When Tokyo Tsushin Kogyo was looking for a Romanized name to use to market them, they strongly considered using their initials, TTK. The primary reason they did not is that the railway company Tokyo Kyuko was known as TKK. The company occasionally used the acronym Totsuko in Japan, but during his visit to the United States, Morita discovered that Americans had trouble pronouncing that name. Another early name that was tried out for a while was Tokyo Teletech until Akio Morita discovered that there was an American company already using Teletech as a brand name. The name Sony was chosen for the brand as a mix of two words. One was the Latin word Sonus, which is the root of sonic and sound, and the other was Sonny, a familiar term used in 1950s America to call a boy. The first Sony-branded product, the TR-55 transistor radio, appeared in 1955 but the company name did not change to Sony until January 1958. At the time of the change, it was extremely unusual for a Japanese company to use Roman letters to spell its name instead of writing it in kanji. The move was not without opposition: TTKs principal bank at the time, Mitsui, had strong feelings about the name. They pushed for a name such as Sony Electronic Industries, or Sony Teletech. Akio Morita was firm, however, as he did not want the company name tied to any particular industry. Eventually, both Ibuka and Mitsui Banks chairman gave their approval Vision To create exciting new digital entertainment experiences for consumers by bringing together cutting-edge products with latest generation content and services. Mission As a mission and goal, Sony is dedicated to providing innovative products and multimedia services that challenge the way consumers experience digital entertainment. As a digital entertainment service provider Sony wants create  new worlds via their products to give consumers new experiences that can stimulate their senses. For their computer entertainment sector their mission and goal is to find the most talented developers to produce caliber products that continually raise the standards. The firm wants to create family products that change the way they experience home entertainment such as television, gaming, and movies. To change the way families enjoy home entertainment Sonys PlayStation 3 integrates all aspects of home entertainment. The gaming console is a versatile machine where consumers can play video games, watch movies through the Blu-ray player and stream movies and shows through Netflix. The PlayStation 3 has changed the way individuals enjoy digital entertainment. Boosting Sony’s Electronics Business A key focus for Sony is to strengthen its all-important electronics business and maintain market leadership in high profile areas such as televisions, digital imaging, home video equipment and portable audio. To achieve this, Sony is pursuing three corporate initiatives: The Customer Viewpoint Initiative emphasizes the importance to staff of viewing Sony, its products and services from a customer perspective. The Technology Nr. 1 Initiative focuses on reinforcing Sony’s cutting-edge technologies in the areas targeted for maximum investment of resources, including televisions, home video equipment, digital imaging equipment and Walkman ®. The Genba Initiative aims at strengthening frontline operations (‘genba’ in Japanese) such as design locations, manufacturing facilities and sales offices. Formats and technologies Sony has historically been notable for creating its own in-house standards for new recording and storage technologies, instead of adopting those of  other manufacturers and standards bodies. Sony (either alone or with partners) has introduced several of the most popular recording formats, including the floppy disk, Compact Disc, and Blu-ray Disc. Sony delivers thrilling digital entertainment experiences by capitalising on the synergy between its electronics business, content creation capabilities and movie, music, mobile and computer games interests. As a world leader in high definition, Sony already offers an exciting range of broadcast and consumer HD products, as well as content assets that are driving the industry towards HD digitization. Sony is the only company that can deliver complete, end-to-end solutions for todays HD World. We provide the tools for our customers to create, edit, store, share and enjoy High Definition content. Sony Pictures and Sony Computer Entertainment create movies and games that maximise the full power and potential of HD while independent film makers and programme producers are encouraged to realize their unique creative vision in full Sony HD. Business units Sony offers a number of products in a variety of product lines around the world. Sony has developed a music playing robot called Rolly, dog-shaped robots called AIBO and a humanoid robot called QRIO. As of 1 April 2012, Sony is organized into the following business segments: Imaging Products Solutions (IPS), Game, Mobile Products Communications (MPC), Home Entertainment Sound (HES), Devices, Pictures, Music, Financial Services and All Other. The network and medical businesses are included in the All Other. Sony Corporation Sony Corporation is the electronics business unit and the parent company of the Sony Group. It primarily conducts strategic business planning of the group, research and development (RD), planning, designing and marketing for electronics products. Its subsidiaries such as Sony EMCS Corporation (6  plants in Japan), Sony Semiconductor Corporation (7 plants in Japan) and its subsidiaries outside Japan (Brazil, China, England, India, Malaysia, Singapore, South Korea, Thailand, Ireland and United States) are responsible for manufacturing as well as product engineering (Sony EMCS is also responsible for customer service operations). In 2012, Sony rolled most of its consumer content services (including video, music, and gaming) into the Sony Entertainment Network. Medical-related business Sony Mobile Communications AB (formerly Sony Ericsson Mobile Communications AB) is a multinational mobile phone manufacturing company headquartered in Tokyo, Japan and a wholly owned subsidiary of Sony Corporation. In 2001, Sony entered into a joint venture with Swedish telecommunications company Ericsson, forming Sony Ericsson. Initial sales were rocky, and the company posted losses in 2001 and 2002. However, SMC reached a profit in 2003. Sony Ericsson distinguished itself with multimedia-capable mobile phones, which included features such as cameras. These were unusual for the time. Despite their innovations, SMC faced intense competition from Apples iPhone, released in 2007. From 2008 to 2010, amid a global recession, SMC slashed its workforce by several thousand. Sony acquired Ericssons share of the venture in 2012 for over US$1 billion. In 2009, SMC was the fourth-largest mobile phone manufacturer in the world (after Nokia, Samsung and LG). By 2010, its market share had fallen to sixth place. Sony Mobile Communications now focuses exclusively on the smartphone market. Sony Computer Entertainment Sony Computer Entertainment is best known for producing the popular line of PlayStation consoles. The line grew out of a failed partnership with Nintendo. Originally, Nintendo requested for Sony to develop an add-on for its console that would play Compact Discs. In 1991 Sony announced the add-on, as well as a dedicated console known as the Play Station. However, a disagreement over software licensing for the console caused the  partnership to fall through. Sony then continued the project independently. Sony Pictures Entertainment Sony Pictures Entertainment, Inc. (SPE) is the television and film production/distribution unit of Sony. With 12.5% box office market share in 2011, the company was ranked 3rd among movie studios. Its group sales in 2010 were US$7.2 billion. The company has produced many notable movie franchises, including Spider-Man, The Karate Kid, and Men in Black. It has also produced popular television game shows Jeopardy! and Wheel of Fortune. Sony entered the television and film production market when it acquired Columbia Pictures Entertainment in 1989 for $3.4 billion. Columbia lives on in the Columbia TriStar Motion Picture Group, a subsidiary of SPE which in turn owns TriStar Pictures and Columbia Pictures. SPEs television division is known as Sony Pictures Television. For the first several years of its existence, Sony Pictures Entertainment performed poorly, leading many to suspect the company would sell off the division. Sony Pictures Entertainment encountered controversy in the early 200 0s. In July 2000, a marketing executive working for Sony Corporation created a fictitious film critic, David Manning, who gave consistently good reviews for releases from Sony subsidiary Columbia Pictures that generally received poor reviews amongst real critics. Sony later pulled the ads, suspended Mannings creator and his supervisor and paid fines to the state of Connecticut and to fans who saw the reviewed films in the US. In 2006 Sony started using ARccOS Protection on some of their film DVDs, but later issued a recall. Environmental record In November 2011, Sony was ranked 9th (jointly with Panasonic) in Greenpeaces Guide to Greener Electronics. This chart grades major electronics companies on their environmental work. The company scored 3.6/10, incurring a penalty point for comments it has made in opposition to energy efficiency standards in California. It also risks a further penalty point in future editions for being a member of trade associations that have commented against energy efficiency standards.Together with Philips, Sony receives the highest score for energy policy advocacy after calling on the  EU to adopt an unconditional 30% reduction target for greenhouse gas emissions by 2020. Meanwhile, it receives full marks for the efficiency of its products. In 2007, Sony ranked 14th on the Greenpeace guide. Sony fell from its earlier 11th place ranking due to Greenpeace’s claims that Sony had double standards in their waste policies.[ Since 1976, Sony has had an Environmental Conference. Sonys policies address their effects on global warming, the environment, and resources. They are taking steps to reduce the amount of greenhouse gases that they put out as well as regulating the products they get from their suppliers in a process that they call green procurement. Sony has said that they have signed on to have about 75 percent of their Sony Building running on geothermal power. The Sony Take Back Recycling Program allow consumers to recycle the electronics products that they buy from Sony by taking them to eCycle (Recycling) drop-off points around the U.S. The company has also developed a biobattery that runs on sugars and carbohydrates that works similarly to the way living creatures work. This is the most powerful small biobattery to date.

Politics in the Pakistan Media

Politics in the Pakistan Media Introduction: When someone brings news to you- you should investigate its credibility first (Quran). Politics is the life blood of media coverage because that forms the reality of perception on which action is based. Political environment is depicted by media. Today, everyone of us has make us more enjoyable and leisure life by watching TV, and they enjoy by listening radio and read magazine and newspaper. People are influenced by shows on TV and articles in the newspaper. Media keeps the people updated and informed about what is happening around the world. Not only people have positive impacts on the TV, they have negative impact too. They are informed and are intouch with the upcoming news. People should get aware of the information they get that can be dangerous in their minds. The TVs permeate their lives, guiding us what are we supposed to wear, how we are supposed to look and act. Television not only give positive but negative effects as well on the viewers of talkshows, many studies have impact of television on society. Mostly young ones are more affected by this. 14 August 1947 when 1st time these words were spoken instead of this is all India radio by Zahoor Azher in English and Mustafa Ali Hamadani in Urdu building of radio Pakistan Karachi built in 1950. In Pakistan Television was 1st introduce in the excitation near Mezare Quaid on 16 September. In 1955, it was a small source of entertainment and short circuit television came into being (Pakistan corporation limited PTV). 1st official television station commenced transmission telecast from Lahore. In Karachi 1966; In 1974 Peshawar and Quetta , In 1991-1992 original telecast work in black and white PTV launched a full-scale satellite telecasting services. PTV news , PTV national , PTV bolan (BOLOUCHI) , PTV Global (dish network) . In 15 July 1990 , 1st private channel NTM ( network television marketing ) was launched. On 1st March 2002 General Pervez Musharaf issued the ordinance for launching the private channels. Nearly 100 channels can see on TV like GEO , ARY , HUM , DUNIYA , SAMA , WAQAT , EXPRESS , CITY42 , MASALA , ZAUQ , GEO sports , Qtv , AJJ , etc , which is based on news , sports , religion , informative , documentary , music , cooking , business , political etc . Abdul Razaq Yaqoob (ARY) has leading private channels chain in Pakistan ( Javaid,2012) . History of talk show is quite long, and it represents first formats of programing in tv history. While the greater part of the early shows was geared towards politics and Government, a number of celebrity-oriented shows began to start up during the 1960s. In 1070s, talk shows were replaced by game shows.a host figures and anchors always host the talk shows.talk shows usually consist of groups of people who are learned and who get a great experience to whatever issue is being discussed on the episode of the show. A call-in show is that in which anchors takes the live call. Pakistani media is very lively. Current Affair programs or Talk Shows is most important format of private television channels. There are multi-dimensional role of Talk Shows or Current Affair Programs in Pakistani society : to inform to educate to formulate public opinion Current Affair Program or Talk Shows have great impact on politics , social values , life styles of people , relationship of masses and foreign policy. There are many Pakistani Talk Shows that are fulfulling our masses needs. For example : GEO Talk Shows ( AJJ RAAT KAMRAN KHAN K SATH ) , ( CAPITAL TALK ) ARY Talk Shows ( KHARA SACH ) , ( ) In theses talk shows , ask soft questions about our country crises due to this viewers like these programs because in these Talk Shows everyone fights and the anchor are expert in engaging people in fight with each other. Talk Shows is a TV program in which single anchor or more than one anchor have a conversation on different current affairs, participants of the talk shows are usually educated. They have great information experience about the current issues happening around the world. In some of the talk shows a single guest tells about their life experience, their work , career etc. the most important aspect of talk show is to spread awareness to give information to others etc. Nowadays people not only think about politics but they even are very interested in each and everything about talks ahows and happenings in it. By the talk shows nowadays viewers judge who is better what is good which political party they should give their votes to, and who will be the next leader this all helps the viewers to know more about it. Rationale of the study: The present study on â€Å"role of anchor of news channels creating political awareness in youth†. The researcher selected this topic to measure the role of news anchors to create political awareness among youth. Nowadays in Pakistan political issues are increasing day by day and almost every news channel is showing talk shows. Through these talk shows everyone got to know the political situation and issues happening in our country. Youth is the major part of our country on which our country development lies. From these talk shows people specially our youth came to know about political issues of our country. This study will also useful for our government. Objectives To find out the impact of talk shows Anchors in creating political awareness among youth in Lahore. To measure the level of political worth based on political participation and political awareness among youth in Lahore. To find out the knowledge of respondent about politics. Hypothesis Hi- Political Talk Shows motivate youth to take part in politics. Ho- Political Talk Shows are just for awareness of political issues. Hi- Talk Shows increase political efficacy among youth of Pakistan Ho- Talk Shows are informational live program for update of news in detail. Hi- Political talk shows increase the knowledge of respondents. Questions Do you think the role of talk shows Anchors effect the mind of youth in Lahore ? Do you think the Anchors play effective role in reporting a leader’s position? Is Anchors are providing proper information about political issue to their youth? Don’t you think that these political talk shows just give benefits to their channels? Are talk shows guided by the guests rather than anchor? Literature review Kabir (1965) states in his study that television has ability and it changes the tradition in the society and also has power to change the social rules of the society, television enforce the society to adopt new trends and made them part of their lives. . The purpose of the study is to measure the impact of t.v programs in the behaviors and the standard of living towards media. Roper (1975) as quoted by Mark (1982) in his research concluded that people habitually got most of the news about what is going on in the world from TV . When Ropers organization asked a national cross-section about this in 1974 , 65% replied TV and only 47% said newspapers. Rmeez Ahmad from the University of Punjab found that Talk Shows are increasing the political awareness and socialization of the viewers. Although respondents have awareness to talk shows they dont participate in politics. It showed the passive attitude of the young towards politics. Talk Shows of Pakistan TV channels are now an enjoyable battle of two political parties instead of conclusion on different issues or problems and demand from the people. Bilal et al. in 2012 consummated a study on talk shows on Pakistani TV. Their objective was to explore the relationship between spoken words and ideology of the Talk Shows anchors. They picked up two Talk Shows from GEO TV and they found that anchors try to maintain Talk Shows intentionally by setting agendas. However, Yousuf in 2012 states that Talk Shows are creating political awareness im Pakistan. Researcher showed that Pakistani electronic media is more informative. Talk Shows are playing a major role in shaping awareness. The researcher has conducted surveys. The study found that, TV viewers watch Talk Shows regularly and that they consider Talk Shows to be an informative program. A grand majority 96% of viewers believed that, Talk Shows can provide political knowledge and generate awareness to the public. Politics means social relations involving authority or power and to the methods and tactics used to formulate and apply policy. According to Hegel, Political History is an idea of the state with a moral and spiritual force beyond the material interests of its subjects: it followed that the state was the main agent of historical change ( Hegel, 1991). Aristotle concludes that man is a political animal : we can only achieve the good life by living as citizen in a state. Afsheen (2002 cited in saghir, 2009), in her article: As far as news Talk Shows section is concerned , private TV channels are doing well. In the discussion on ARY and GEO , people belonging to different political parties and areas of Pakistan express their views. They try to cover all the important occurring in Pakistan either having international values or not. So it is really a good sign that is public can get hold of all the information without censor or distortion of facts in governments favor. Today people not only think over it but also talk about politics. They know each and everything today due to political talk shows and also can judge who is better and should be next Leader and can work better for their country. ( politics portal, 2012). Four different ways of measuring the impact of anchor of Talk Shows have been used in previous research : stoichiometric techniques , interviews with key information , observation , and self-designating techniques (Jacoby , 1974; Rogers Cartano 1962 , Weismann 1994). The prominent measurements have always been self-designating techniques, because they can easily be administered in survey. Rees in 2007 said that uniqueness of the opinion in not special to the set-up of the talk shows. he states, In TV programs , we find normal arguments produce in normal ways, but intensified by the pressures of the specific purpose and layout of the show , hosts elicit arguments to increase the entertainment value of the show; participants use arguments to detract their opponents image and to enhance their own image. Alina , Marukh and Rana (2006) conducted the research level of interest in TV programs channels and its impact on personal aspiration of youth. For the conducted research, the greater the level of interest in TV programs, the greater will be the impact on personal aspiration of the students. Further, to find out the relationship, if any , between the level of interest in TV programs and its impact on personal aspiration. The study conducted by Daheem , Misbah and Atif (2007) , research of impact of political communication through electronic media on party loyalty. For the conduction of the present research , the researchers chose Pakistan Peoples Party that the division or categorization amongst this party has been seen to a much lower extent as compared to other contemporary political parties. Researchers also observed that the element of loyalty exists muh more in PPP as compared with other parties of its own level. Theoretical Framework There are many theories which are related to media and influence individual directly, proportionally, immediately etc. These theories have different means to the media and their users. Many theories come into this framework that can relate the topic of researcher. But researcher discussed the one theory which is : Two-Step-Flow of communication. Introduction Of The Theory: The two-step flow of communication theory was first introduce by Paul Lazarsfeld, Bernard Berelson , and Hazel Gaudet in The Peoples Choice, a 1944 study focused on the process of decision-making. These researchers expected to find empirical support for the direct influence of media message on their viewers. This theory assert the information from the media moves in two distinct stages. First, individuals(opinion leaders) who pay close attention to the mass media and its message receive the information. Opinion leaders pass on their own interpretations in addition to the actual media content. The term personal influence was coined to refer to the process intervening between the medias direct message and the audiences ultimate reaction to that message. Opinion leaders are quite influential in getting people to change their attitudes and behaviors and are quite similar to those they influence. The two-step floe theory has improved the understanding of how the mass media influence decision making. The theory refined the ability to predict the influence of media messages on audience behavior, and it helped why certain media campaigns may have failed to alter audience attitudes and behavior. Application Of The Theory: The theory describes that Talk Shows are answerable for refining viewers about the idea of political and social truth. This situation is clearly exposed by research which seeks to establish what audience can and do understand about and from the mass media. Such researches have shown that audience can talk intelligently, perform the way they see something influenced by media. The mass media may not be successful in telling people what to think , but mass media successful in telling what to think about. Media and the political talk shows creating awareness among audience and youth about the current situation of their country. The TWO-STEP FLOW THEORY asserts the following points: the information is transferred not only by the medium but also through interpersonal communication. There are people between the medium and the interpersonal communication network which are called opinion leaders or Anchor persons. The influence of such opinion leaders or Anchor persons is significantly larger than that of the medium. Research Methodology: Current Affair Programs are main source of television. It is playing a main role in creating political awareness among youth in Lahore. Mass Media is the source of influencing people to participate in politics and this is the only source of creating awareness in citizens that how to improve and run our political system. People are mainly affected by the news and news Current Affair Programs that are on air on different news channel of Pakistan around the clock. Research Design/Method: The design used by the researcher is survey design. Research Tool: The researcher used questionnaire . The questionnaire was usually developed to measure the role of Anchor persons in creating political awareness among youth in Lahore . close ended question were used. Close ended question allow the respondent to answer free and unbiased responses. Population: The population includes viewers of current affairs talk shows . So in this research the population is selected of youth in Lahore both Male and Female of ages 18 to 25. Sample: Different institutions of Lahore ( Kinnaird college , Lahore college , Punjab university and LUMS ) Accidental / Convenience Sampling : This sampling is used to collect data . A sample of 200 people has been selected. Department of media studies and political science are selected of chosen universities . The following universities have been selected randomly to conduct a survey among youth in Lahore Kinnaird college for women Lahore college for women Punjab university LUMS Variables: Daily watching Talk Shows creating awareness among youth Positive viewpoint about the country Political involvement 4.7Control Variable: Age 18-26 Respondents: Students or Youth 4.8 Statistical Analysis: The statistical software used is Mini Tab

Functionalism in Education

? Having attended public schools throughout my childhood and adolescence, I never was familiar with the term functionalism and its many elements. After observing and analyzing my field placement classroom I have come to understand the concept of functionalism to some extent. In general, functionalists â€Å"see schools as serving to socialize students to adapt to the economic, political, and social institutions of that society† (Feinberg, p. 6, 2004). They also theorize that in order for societies to survive, they must carry out vital functions such as, attaining fundamental knowledge and acquiring essential skills and proficiency, acknowledging certain norms and values within their community, and recognizing authority figures. It is also believed that social solidarity and role differentiation are the primary aspirations for a society and is achieved by means of the educational system. I can recall instances from my schooling experience, where functionalist aspects were taught and are presently being utilized in the classroom I observed. Some of the various features of functionalism that I identified within the classroom are hidden curriculum, role differentiation and specificity, which I will be addressing, more in depth throughout this paper. The classroom I analyzed from Smith Junior High consists of six special education students between the ages of 13 to 17. A majority of the students are racially diverse and come from a low income household. These students are classified as moderately mentally disabled and each have an IEP, which include their present level of academic achievement and functional performance. The setting of the classroom is comprised of a structured yet uncomplicated curriculum, where their teacher Angi Root, incorporates practical and efficient learning strategies. The entire curriculum is based upon the concept of functioning in every day situations so I was able to identify numerous functional activities. My first observation of the class was on January, 29th at 12pm in the afternoon. The students were just arriving back in the room from lunch and were quite boisterous because I was in the room. As soon as their teacher, Mrs. Root asked them to settle down, they instantly became silent. This is an example of an unspoken expectation of the teacher and is one of many hidden curriculums that I witnessed in the classroom. Another instance was during instruction; Mrs. Root had asked a question pertaining to shapes and who ever knew the answer, demonstrated this particular hidden curriculum by raising their hand. The functionalist concept, hidden curriculum, is best defined as â€Å"organizational features and routines of school life that provide the structure needed to develop the psychological dispositions appropriate for work and citizenship in industrial society† (Feinberg, p. 1, 2004). It is intended to assist in achieving norms, learning one’s position in society, and how to think of oneself. Hidden curriculum has also been explained as making the transition from family to the real world less difficult. This concept applies to the examples I gave because when the teacher asked the students to settle down, they instantly knew that they needed to follow directions. The idea that teachers are authority figures and deserve to be respected is instilled in children at a very young age and is expected to be upheld. As for students raising their hands when wanting to speak or answer a question, this has also been implanted in children’s minds and is a norm in today’s society. I conducted my second observation the following week on Monday, February 2nd, in the morning at 9am. The students had just barely arrived to school and it was the first day back after the weekend. Mrs. Root began the day by allowing the kids to choose their designated job o the week. The six jobs the students can select from are line leader, door holder, paper passer, sharpening pencils, turning the lights on/off, and errand runner. The kids get so excited about choosing their job or â€Å"role† for the week. This motivates them and makes them want to become more efficient and responsible. Functionalists dispute over the fact that all members within a society are compelled to perform different tasks. The concept of role differentiation is found in almost all communities and guarantees that even the most unpleasant jobs are completed. The process of selecting and fulfilling a classroom responsibility helps student’s form a personal identity of themselves. Role differentiation facilitates individuals to gain a sense of belonging in their society and helps build their character. It also assists them in learning responsibility which they can apply to every day life. My final observation took place on Tuesday, February 3rd, at 2:30pm. I was able to observe the teacher, Mrs. Root, enact the norm of specificity. One of the students, a girl named Shelby, is required to wear leg braces because she has a difficult time walking. When walking to Adapted P. E, we had to travel up stairs, which proved to challenging for Shelby. So she wouldn’t trip and fall, Mrs. Root helped Shelby maneuver up the steps until she was safely at he top. Another student named Marcus asked why we didn’t help him up the steps. Mrs. Root answered, saying that Shelby has a harder time getting up the stairs then he does. While Marcus can easily run up and down the steps twenty times, Shelby can barely make it up once with assistance. Specificity â€Å"refers to the treatment of a person in terms of some standardized basis of comparison† (Feinberg, p. 19, 2004). Universalism, which is equal treatment of individuals, is quite the opposite of the term specificity, permitting exceptions to be made for special circumstances. In lieu of the observations I made, Mrs. Root used her judgment on how to handle the situation of fairness. Instead of requiring the same treatment for all her students, certain exceptions are made for individuals with specific needs and disabilities. Overall, I was surprised to discover exactly how many differential functionalist aspects were actually utilized in the classroom I observed. Analyzing the roles and behaviors of the students and teacher, I now feel I have a greater grasp on the functionalist concepts. As for my view on functionalism, I am a bit concerned with the increasing diversity of school populations and the effect this is having on teaching functionalism in schools. At Smith Junior High, where I conducted my observations, â€Å"curriculum mapping†, which is quite the opposite of functionalist ideals, was being used by most of the teachers. There are many challenges that must be dealt with, in regards to this, because of the â€Å"No Child Left Behind Act†. I am not in opposition to the cohesion of different ethnic groups but am worried about the direction public schools are taking. I sense that the main functionalist approaches taught in public schools may become phased out, which in turn, will be extremely detrimental for the society as a whole.

It 210 Week 4 Check Point 1

1 Declare CountAge As Integer 2 Declare SumAge As Float 3 Declare Age As Float 4 Declare ParticipantAverage As Float 5 Set CountAge – 0 6 Set SumAge – 0 7 Write â€Å"Enter one age. Enter 0 when done. † 8 Input Age 9 While Age > 0 10 Set CountAge = CountAge + 1 11 Set SumAge = SumAge + Age 12 Write â€Å"Enter an participant age. Enter 0 when done. † 13 Input Age 14 End While 15 Set ParticipantAverage = SumAge / CountAge 16 Write â€Å"Your age average is â€Å" + AgeAverage * Lines 1–6 declare and initialize the variables. Line 7 asks for the first age and also explains that when you are finished entering the age for a particular set, you can end by entering 0. * The first Age is input on line 8. * Lines 9–14 are the loop. It sums the age entered and it keeps count of how many ages were entered. * In Line 10 keeps track of how many ages are entered. For each pass through the loop, CountAge is incremented by 1. If you enter three ages befor e you end the program by entering 0, the loop will execute three times and CountAge will be equal to 3.If you enter 5 ages, the loop will execute 5 times and CountAge will be equal to 5. * Line 11 keeps a sum of all the participant ages. To compute your participant average age, you must divide the sum of all your participants ages by the number of participants, so lines 10 and 11 keep track of the information we need to compute the average at the end. * Lines 12 and 13 ask the user for the next participants age and gets the next input. Here, if you’re done, you can enter a 0. * Line 14 ends the loop when the user enters a zero. * Line 15 computes the average and line 16 displays that average.

Study of the capital structure and corporate performance on the listed company in China The WritePass Journal

Study of the capital structure and corporate performance on the listed company in China 1. Introduction   (brief introduction) Study of the capital structure and corporate performance on the listed company in China 1. Introduction   (brief introduction)1.1 Motivation of research1.2   Objective of the research1.3   Structure of the paper  2. Literature review 2.1   Modigliani and Miller theoryModigliani Miller proposition one Modigliani Miller proposition twoModigliani Miller proposition three2.2   Trade-off theory2.3   Peaking order theory2.4   Signaling and information asymmetry theory2.5   Agency cost theory2.6   The cost of financial distress3. Methodology3.1   Data 3.2   Sample selection 3.3   Research Approach3.4   Research models and the description of the variables3.4.1 Determinants of the capital structure   (brief)Firm SizeGrowth OpportunityTangibilityLiquidityProfitability3.4.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The   Capital   StructureTotal Debt RatioLong Term Debt Ratio3.5 Corporate Performance ROAROI  4. Hypotheses   Ã‚  (brief hypotheses) 4.1   Hypotheses for the determines of the capital structure4.1.1 Firm Size:4.1.2 Growth Opportunity 4.1.3 Asset’s tangibility4.1.3 Liquidity 4.1.4 Profitability 4.2   Hypotheses for the relationship between the determines of the capital structure and the firm performance5. Reference Related 1. Introduction   (brief introduction) The trade-off theory suggests an optimal mix of debt and equity for a firm to make the cost of capital structure minimum. There are a lot of empirical studies to figure out the determinants of capital structure, these determinants which imply that certain factors influence the capital structure that lead to the minimum cost of capital. So the managers should spent their time and effort to these determinants which can affect the capital structure. However, there are no research studies to show whether the expected minimum cost of capital can achieve the maximum financial performance and make the welfare of shareholders maximum. Therefore, there is no empirical research to study the direct relationship between the determinants of capital structure and the financial performance and shareholders wealth. This research is very important for company’s management, if there is no direct relationship between them, the manager can save much time and effort from it. 1.1 Motivation of research The determinants which can minimum the cost of capital structure attract the financial managers’ lots of time and work to study and achieve. However, there are no researches to study the direct relationship between the determinants of capital structure and the financial performance and shareholders wealth. So the motivation of this paper attempts to study whether determinants of capital structure have a direct effect to shareholders value and the performance of the corporate. 1.2   Objective of the research The objectives of the research are base on study whether determinants of capital structure have a direct effect to shareholders value and the performance of the corporate. For example, One obligations is figure out which determinant is most important to capital structure in the relationship between determinants of capital structure and debt level. The other objective is to test whether the debt level has an effect to a firms financial performance. 1.3   Structure of the paper The first part is introduction, the second part is literature review, and the third part is hypothesis, the fourth part is methodology which includes the data collection, sample set, regression mode and other things. The fifth part is analysis the data. The sixth part is the conclusion.   2. Literature review 2.1   Modigliani and Miller theory Modigliani and Miller’s theory provides the background for the subsequent theories. Modigliani Miller (1958) states the initial theory of capital structure. In the paper ‘cost of capital, corporate finance and the theory of investment’, Modigliani Miller (1958) assume three positions. Modigliani Miller proposition one Modigliani Miller (1958) state that: â€Å"The market value of any firm is independent of its capital structure and is given by capitalizing its expected return at the rate appropriate to its class.† The formula is: Vj=Dj + Ej=Xj / Pk  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  ( Figure 2.1Modigliani Miller 1958) Where Vj means the value of the firm j; Dj means the debt value of firm j; Ej means the equity value of firm j; Xj means the net return of the firm j before the increase and tax; Pk means the capitalization rate. This proposition means that the company cannot change the market value of the firms’ securities through the way of changing the capital structure. It means that in the different capital structure, the market value of the company is always the same. In other words, to the shareholders of the company, there is not better capital structure and the worse capital structure. Modigliani Miller proposition two Modigliani Miller (1958) state that: â€Å"The expected yield of a share of stock is equal to the appropriate capitalization rate for a pure equity stream in the same risk class, plus a premium related to financial risk equal to the debt-equity ratio times the spread between the capitalization rate and the cost of debt.† The formula is: Ij=P+ (P-r) Dj / Ej  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   (Figure 2.2Modigliani Miller 1958) Where Ij means the market value of the firm j; P means the expected return at the rate P; r means the interest rate on the debt financing; Dj means the debt value of firm j; Ej means the equity value of firm j. This proposition is developing form the proposition one, it can explain like the asset of the firm can produce a profit stream. And then this stream will affect the value of the firm. The value of the firm can be discounting of the profit stream at a discount rate which is base on risk degree (Megginson 1997). From the two above proposition, they implies that the increasing of the debt of a firm would not cause the value of the firm increased. Because the benefit of the cheaper debt will be offset by the more cost of equity (Ghosh, 2008). There two propositions should under a perfect world which is no tax, perfect capital market; credible disclosure of all information; no asymmetric information and no transaction and agency costs. Modigliani Miller proposition three It is not mistake about the above two propositions, but there is a huge challenge faced by the theory in the fact. It is said that the capital structure would not affect the firm’s value based on the Modigliani and Miller theory. The firms will choose the debt-equity ratio randomly in the different industries, different departments and different area. However, in fact, the airlines, the utility companies and the real estate will choose the high debt-equity ratio, and the drugs companies and the advertising companies are depending on their own money. In this situation, Modigliani and Miller realized the importance of the corporate tax, so in the study work in 1963, they add the corporate taxes in the Modigliani and Miller theory (Ghosh, 2008). Modigliani Miller (1963) assume that the value of a levered firm which is equal to sum of the un-levered firm’s value and a premium derived by discounting to perpetuity the stream of tax savings which is applicable so long as the fine has sufficient taxable capacity. After add the corporate tax, based that the debt interest has the tax deductibility, so it cause the firm’s value raise with the increasing of the debt-equity ratio. As a result, if the firm wants to have the maximum firm’s value, it should choose the 100% debt financing. However, at 1997, Miller did more work about the study of the capital structure. Miller (1977) put the personal taxes in their theory. MM theory is essential to the history of the capital structure. The appearance of the MM theory means the beginning of modern capital structure theory. Although the MM theory has many strict conditions which is not reasonable in the real world, but MM theory give a starting and structure to the study of the capital structure. 2.2   Trade-off theory Trade-off theory is developed base on the Modigliani Miller theory, because the Modigliani Miller theory only thinks about the debt interest which is the interest tax shields, but it ignores the extra cost and risk which cause by the debt, for example the cost of agency and the financial distress. On the other hand, the trade-off theory considers the both sides. The trade-off theory is also named the optimal capital structure theory which means the trade off between the interest of the debt and the risk and cost of the debt (Brigham Houston, 2004). Trade-off theory thinks that MM only can be accepted in the perfect market conditions, but at the same time, they think that the market is not perfect, the two phenomena to show the market’s unperfected are tax shields and the cost of bankruptcy (Brealey Myers, 2000). Under the trade-off theory, firms should consider the agency cost and the bankruptcy cost, when the debt ratio raise, then the tax effect raise, as a result, the cost of the agency and bankruptcy increase at the same time. If the firm’s agency cost and the bankruptcy cost are more than the tax effect, then the firms’ value decreases (Brealey Myers, 2000). So in the trade-off theory, they assumed that when the marginal cost of debt in a company (such as the agency cost and the cost of bankruptcy) is the same as the marginal benefit of the debt (such as the debt interest of tax shields), the firm’s value become the maximum (Gonzalez Gonzalez, 2008). Trade-off theory explains the different of the capital structure in different industries. For example, the high technology growth companies’ assets mostly are intangible asset with high risk, so they are usually have less debt; on the other hand, some airlines’ asset are mostly tangible asset with low risk, so they usually can have high debt ratio. 2.3   Peaking order theory Peaking order theory is firstly raised by Myers and Mujluf in 1984, peaking order theory is important for the theory of the capital structure, the peaking order is based on the signaling and information asymmetry theory. Peaking order theory studies the problem of finance order of the companies. It explains why the companies with the high profitability have the low financial leverage: the most reason is that these companies have enough ability to internal finance, they don’t need the external finance, so they have low debt ratio. On the other hand, the companies with the low profitability do not have the ample resources to use in the investment and the payment, they need external finance, so they have high debt ratio (Myers, 1984). The peaking order hypothesis is based on three assumptions about the financial behavior of the managers in companies (Myers and Mujluf, 1984). The first one is that because of the signaling and information asymmetry, so the managers will be informed more information about the opportunities of the investment or the firms than outsiders or new investors. The second one is that the companies like the internal finance more than external finance, because this way does not create any negative effect to the fluctuation of the share price. If the company must choose the external finance, the firm will firstly start with the debt to issue the safety security; secondly will choose the hybrid security, for example, the convertible bonds; lastly, the company will choose the equity, this order is based on the least effect to the share price. The third one is that the companies have much profit, and then it can choose to internal finance to satisfy the need of the money, so they have the low debt ratio. On the other hand, the companies with the low profitability need external finance to satisfy the need of the money, so they have high debt ratio. The firm’s capital structure, the strategy of finance and the dividend policy are the way about insiders to send the signaling. When the company has a new high profitability investment program, if the new program carries out, the firm’s value must increase. Because of the signaling and information asymmetry, if the company chooses to issue the new equity to finance, then the company always is regard as having the problem with the money by the market. So at this time, the best way to finance is choosing the internal finance, this way not only can avoid the share price decreased by the external finance, but also can make sure about the profit of the shareholders. When the company does not have enough ability to internal finance to satisfy the fund need of the program investment, the best external finance choice is the debt finance. Because if the company choose the debt finance, when the program has profit, the creditors only get the fixed interest and most of the profit is belong to the shareholders. Moreover, if the company takes the company asset as the mortgage in the debt finance, it causes very few effects to the company’s value. So the company’s finance order should be like this: the first one is internal finance, then the second one is debt finance, then the third one is issuing security, it means that the company always tries their best to use the internal accumulation money to investment, then use the debt finance still the debt finance may cause financial crisis of the company, the company would issue the safety security than the risky ones; the last choice is issuing the equity. 2.4   Signaling and information asymmetry theory As the above peaking order said: if the company issues a new equity to the market, it would let the investors misunderstand the company’s present situation or take the bad signals about the company, the investors or the new shareholder will doubt the company’s development in the future, they will worried about the company’s growth (Ghosh, 2008). All this caused by the signaling and information asymmetry. Ross Leland Pyle (1977) state the theory of the signaling and information asymmetry, their theory based on the asymmetry of the information about the real firm’s value and the real investment opportunity between the insiders and outsiders. The signaling and information asymmetry theory thinks that the asymmetry of the signaling and information warp the firm’s market value, it caused the strategy of the investment inefficiency. Different capital structure sends the signaling about the quantity of the company to the market, and they try their best to avoid sending the negative signaling. In the theory, the firm uses the appropriate way to send the signaling of the firm’s value to the market to affect the decision of the investors. The outsider investors regard the firms with the high debt ration as the high quality ones, because the high quality firms can accept the high stress of the interest cause by the high debt finance. On the other hand, the low quality firms cannot accept the huge interest caused by the high debt finance. So to the investors, they can observe the firms’ debt ratio to distinguish the quality of the firms. Ross (1977) found that if in the investment level is fixed, then the debt ratio can be a signaling to send the personal information to the insiders. So in the Ross model, it build on the base of the problem of the signaling and information asymmetry between the insider managers who well know about the information and the outsider investors who poor know about the information. In the Ross model, the profit of the firm follows the random distribution of the first-order, and then the managers know well about the real distribution of the firms’ profit, however, the investors do not know about this. So this situation caused that if the market overate of the firm’s value, then the managers will get profit from this situation; on the other hand, if the firm declares the bankruptcy, the managers will get punishment. As the above said that, the high quality companies can raise the debt ratio to tell themselves with the poor quality companies. So the main conclusion of the Ross t heory is that the firm’s value or the profitability has the positive relationship with the debt ratio, moreover, if the other conditions are the same, the increasing of the punishment to the manager (for example, the loss of the goodwill or more cost to find a job) will caused the decrease of the debt ratio. Leland Pyle (1977) study the way to send the signaling about the rate of the equity of the insiders. The business executives have the inside information about the program they want to invest, but due to the asymmetry of signaling and information, the market value show the average quality of the program, mass poor quality programs appear because of the existing of the moral hazard. In order to let the high quality program can do financing, the signaling must be sending to the market. So if the business executives who have the inside information about the program can invest the program, then it can be show to outsiders and the market the signaling about the real quality of the program. 2.5   Agency cost theory The agency cost theory first stated by Jensen Meckling in 1976. They said that in the company, the agency relationship would be as follow: â€Å"A contract under which one or more person (the principal) engages another person (the agent) to perform some service on their behalf which involves delegating some decision making authority to the agent.† Jensen Meckling (1976) The agent’s unperfected behavior caused the creation of the agency problem. There are two forms of the agency cost, they are two kinds of conflict, one conflict is between the shareholders and the managers, and the other conflict is between the shareholders and the creditors. The first conflict comes from that the managers are not the wholly owner of the company, if the managers wholly own all company, then the control and the ownership would be together instead of the separation, then the managers can have the all profit or pay the all cost. However, due to the managers cannot own the whole company, so the managers cannot fully own the whole profit which created by their hard working, furthermore, they must accept the all cost. On the other hand, if the managers increase the consumption when they are still in their position, they can have the all benefit and only accept some cost. This situation caused the managers do not devote all their enthusiasm and energy in the work, however, they spend much time on consuming, this led the firm’s value decrease. Moreover, managers will think their profitable more important than the shareholders’ profitable, so if the ownership of the managers in the firm is decrease, they may not spend whole energy to find the high profitable program to invest. This action will make the firm’s performance decrease. In the second conflict, to a investment program which is supported by the debt finance, if the investment of the program is successful, then the shareholders will get the most profit, but if the investment of the program is not successful, then the creditors will be charge the most loss, this situation make shareholders prefer to invest the programs with high risky. When the creditors realize these motivations of the shareholders, they will ask for higher rate of return of the securities (Diamond Hirsheifer Thakor, 1989). To this kind conflict, Diamond (1989) and Hirsheifer Thakor (1989) think that the company and the managers will choose the safety program separately form their own reputation, this will remit the conflict between the shareholders and the creditors. Because of the existing of the above two forms of the agency cost, there is possible to make the agency cost become minimum, and caused the firm’s value become maximum. So the objective of the agency cost theory is finding the best agency relationship to reconcile the profit relationship f the all parties become maximum, led to increase the firm’s value. When the margin profit of debt financing is equal to the margin cost of debt financing, the capital structure is optimal. 2.6   The cost of financial distress The cost of financial distress is important in the real society, especially play a key role in judging the optimal mix form between the equity and debt. The financial distress means that the company do not have the enough ability to satisfy the requirement of the obligations in financial, it may cause the company bankruptcy. When any firm under the situation of the financial distress, the direct or indirect cost would be exposed at a certain degree. In this situation, the cost which have relationship with the lawyers, accountants, courts, experts and the bankruptcy cost should be included in the direct cost. On the other hand, the indirect cost contain the losses which caused by company’s bankruptcy except the cash cost during the process of the bankruptcy. In particular, the indirect cost can be show in other ways, the first one is that the employees loss, especially, the important core employees go to another company. The seconded one is that because of the bankruptcy, the s tore products cannot sale, so the sale volumes must be affecting (Megginson, 1977). In the financial distress theory, the increasing of the probability of financial distress regard as the increasing of debt, although the increasing of the profit of the debt tax shields also regard as the increasing of debt. In this situation, the company should keep balance between the bankruptcy risk and tax shield profit. The best capital structure will make the all capital cost become minimum, and then make the company’s performance and company’s value become maximum (Baxter, 1967). 3. Methodology 3.1   Data In this paper, most of the data are secondary data which collected from the secondary sources. The all listed companies which used in the paper were found in the Shanghai (SHSE) and Shenzhen (SZSE) Stock Exchange. The all data are collected from the China Securities Regulatory Commission (CRSC), Shanghai Stock Exchange (SHSE), Shenzhen Stock Exchange (SZSE), Guotaian CSMAR Database. Major Index, Securities Issuing, Listed companies and Annual Reports (balance sheet, profit and loss and the statement of the cash flow) can be found in these systems. In China Securities Regulatory Commission (CRSC), all Chinese listed companies can be found. The data information can be downloaded from its website. This information is all official published for everyone. The data have high quality. But the information have a limitation which is not included the latest information sometimes. Shanghai Stock Exchange (SHSE) is also used in this study. It is another source to collect the data. It offers the companies’ information which is listed on the Shanghai Stock Exchange. The financial information can be found and downloaded from its website. Shenzhen Stock Exchange (SZSE) is almost the same as the Shanghai Stock Exchange (SHSE), except the listed companies is different. The financial information also can be found and downloaded from its website. The data from the two stock exchange are both without the quality problem. Guotaian CSMAR Database is a system which set up by Guotaian Company. This database offers the information about the Chinese security, futures, foreign exchange, macroscopic view and industries (only in China). It is produced base on CRSP and COMPUSTAT. Now there are more than 500 universities and financial institutions use the data from the Guotaian CSMAR Database in the study of the Chinese security and economic. The information can be found and downloaded from its website. The all data from these systems are without the quality problems, there is an third-party institution would be audited the all data. These data are correct and public. 3.2   Sample selection The samples for this paper consist of 100 non-financial listed Chinese compnies in the Shanghai (SHSE) and Shenzhen (SZSE) Stock Exchange from 2008 to 2010. The selection criteria as follow: The companies must not belong to the financial services sectors, for example the banks, the companies of insurance and the investment trusts), because the financial sector have a special capital structure and operational characteristics. There are big different between the financial sector and non-financial sector (Rajan Zingakes, 1995). The companies must belong to the A share companies in the Shanghai (SHSE) and Shenzhen (SZSE) Stock Exchange. The companies must not belong to the Special Treatment (ST) listed companies and Particular Transfer (PT) listed companies. They have abnormal data which would affect the whole data analysis. The companies must fulfill to offer a continuous and complete financial statement from 2008 to 2010. This is the key criteria. The continuous and complete financial statement at the same period can make sure these companies under the same financial environment. This criterion can make the compare under a fair condition. The companies must not belong to the industry which has huge different in innate resource, for example, the agriculture, forestry and fishing industries. Moreover, the companies must not belong to the industry which has huge different affected by the policies factors, for instants, the public utilities. Under these criteria, 100 listed companies are chose form the Shanghai (SHSE) and Shenzhen (SZSE) Stock Exchange. 3.3   Research Approach This paper is used the secondary data to analyze. In this study, the commonly software like E-views and SPSS would be used. E-views and SPSS are good for the panel data analysis, corss-sectional and time series. In this paper, this software would be used to test the relationship under the panel data analysis. 3.4   Research models and the description of the variables There are two independent regression model showed in this paper. The first one is the model for studying the variables whether affect the capital structure. The variables are Firm Size, Growth Opportunity, Tangibility, liquidity, Profitability. The second one is the model for studying the variable whether affect the corporate performance. The variables are Firm Size, Growth Opportunity, Tangibility, liquidity, capital structure. Because there are two regression models, there are two groups hypotheses showed in the study. 3.4.1 Determinants of the capital structure   (brief) In this paper, five variables are chose to analyze the relationship with the capital structure. They are Firm Size, Growth Opportunity, Tangibility, liquidity, Profitability. Firm Size According to Zeitun (2007) state that the measures of the firm size which is the natural logarithm of total asset of the companies. The equation is as follow: Size = ln TAit The TA means that the total asset of the company. TAit means the total asset of the company i at year t. Growth Opportunity The measures of the firm are measured by the growth of sales or revenue. Revit means the total revenue of the company i at year t. The equation is as follow: Growth it   =   (Revit) – (Revit-1) Revit-1 Tangibility Rajan (1995) states that the tangibility measured by the ratio of total fixed asset to total asset. FAit means the total fixed asset of the company i at year t and TAit means the total asset at the same company i at year t. The equation is as follow: TANGit =  Ã‚   FAit  Ã‚   TAit Liquidity The measure of the firm’s liquidity by the Total Current Assets divided by Total Current Liabilities. TCAit is the total current asset for firm i at year t and TCLitis the total current liability of the same firm i at year t. The equation is as follow: CurRtio =     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  TCAit  Ã‚  Ã‚   TCLit Profitability The measure of the firm’s profitability by the Net Income divided by Total Revenue. NIit is the net income for firm i at year t and Revit is the total revenue of the same firm i at year t. The equation is as follow: NETROit =   Ã‚  NIit  Ã‚   Revit 3.4.2  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The   Capital   Structure In this paper, two variables are chose stand for the capital structure in the analysis of the relationship with the determinants and corporate performance. They are Total Debt Ratio, Long Term Debt Ratio. Total Debt Ratio This is measure as total debt divided by total. TDit is the total debt for company i at year t and TAit is the total asset for the same firm i at year t. The equation is as follow: TDTAit =  Ã‚   TDit   Ã‚   TAit Long Term Debt Ratio This is measure as Long term debt divided by total. LTDit is the total debt of company i at year t and TAit is the total asset for the same company i at year t. The equation is as follow: LDTAit =  Ã‚   LTDit   Ã‚   TAit 3.5 Corporate Performance In this paper, three variables are chose stand for the corporate performance in the analysis of the relationship with the determinants and corporate performance. They are ROA, ROE and ROI. ROA The measure of the firm’s ROA (return on asset) by the Net Income divided by Total asset. NIit is the net income for firm i at year t and TAit is the total asset for the same company i at year t. The equation is as follow:   Ã‚  Ã‚  Ã‚  Ã‚  NIit    TAit ROI The measure of the firm’s ROI (return on investment) by profit before interest and taxation divided by total assets minus current liabilities. PBITit is profit before interest and taxation for firm i at year t and TAit is the total asset for the same company i at year t. CLit is the current liabilities for the same company i at year t. The equation is as follow: ROI =   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  PBITit     Ã‚  Ã‚  Ã‚  -    CLit TAit ROE The measure of the firm’s ROE (return on equity) by net income available for shareholders divided by shareholders equity. NISit   is net income available for shareholders for firm i at year t and SEit is the shareholders equity for the same company i at year t. The equation is as follow: ROE =     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  NISit  Ã‚   SEit   4. Hypotheses   Ã‚  (brief hypotheses)    4.1   Hypotheses for the determines of the capital structure 4.1.1 Firm Size: In the agency theory and trading-off theory, it is said that the firm size has a relationship with the level of debt. Firm size is a very important key factor should be considered in the choice of the firm’s capital structure. In the trading-off theory, the cost of the bankruptcy is constant, so the rate of the bankruptcy cost in the firm’s value will decrease with the increasing of the firm’s size, this led the financial leverage rise. Moreover, in the agency theory (Jensen, 1986), it said that the bigger the company is, the more transparency the company has. It will cause that the more information will be given to the creditor, and then the cost which caused by the signaling and information asymmetry will be decrease. There are the reasons why bigger company has higher ratio than the small company. It is also found that the bigger firms prefer the long-term debt than the short-term debt, and the smaller firms prefer the short-term debt than the long-term debt. Because that the ownership of the bigger company is more widespread, the benefit to choose the long-term debt for the bigger company is having better control over the managers and having the power to bargain with the creditors (Marsh, 1982). On the other hand, bigger companies are usually more diversified than the small companies, these companies always take the vertical integration management strategy, they have more risk resistance capacity, they have less possible to go bankruptcy, and so the larger companies are easier to take the debt finance compare to the small companies. So these above arguments indicate that firm’s size have a positive relationship with the debt level. But in the peaking-order theory, they think that if the firm’s size is bigger, then it is easier to have fund procurement inside the company, having the inside finance, so it led that the bigger company prefer to choose the equity finance than the debt finance. According to the above theory, there are different discussions given by the capital structure theories about the relationship between the firm size and the debt. So this paper assumes there is a positive relationship between firm size and debt following this hypothesis: HI-1:   There is a positive relation between firm size and debt. 4.1.2 Growth Opportunity Beside the firm size, it is said that there is another factor can affect the capital structure. It is the growth opportunity. The companies with high growth opportunity have more flexibility in operating, moreover, the companies with high growth opportunity usually are belong to the new industry, and these companies’ assets have high plasticity. There are some arguments to show that growth opportunity has a negative effect to the debt level. For example, the one is the trading-off theory, the companies with high growth opportunity would have less debt ratio, because the growth opportunity is regard as a intangible asset to these companies, it is difficult to be a collateralized assets, it leads that the companies with more tangible asset would like to borrow more than the companies with high growth opportunity. The other argument is show in the agency theory (Myer, 1977), it is said that if the companies have the high growth opportunity, then it caused the companies have the lower debt levels, because that if the companies have the high debt level, then the debt holders have opportunity to restrict the companies’ investment plan to not investment some valuable programs and expropriate the money from the shareholders. However, there are some arguments to show that growth opportunity has a positive effect to the debt level. The first one is show in the signaling theory, because if the past investment history can be regard as a good signaling to the companies, then this good signaling can take the good respond in the performance, then it can let the companies with the high growth opportunity have ability to continue to use the more debt due to the dead weight cost caused by the debt. But the companies with less growth opportunity may not be able to use more debt, then because of the high cost caused by the debt, these companies may decrease the debt level. Although the agency theory shows the negative relationship between the growth opportunity and the debt level, it also shows a potential positive relationship between these two. The agency theory assumes that if the company has the high growth opportunity, then it may need more debt. Due to that the growth opportunity can help the managers to contr ol the number of the necessary resources to increase their power in the company. So at this time, the function of the debt in here is to restrict the opportunistic action of the managers. According to the above theory, there are different discussions given by the capital structure theories about the relationship between the growth opportunity and the debt. So this paper assumes there is a positive relationship between growth opportunity and debt following this hypothesis: HI-2:   There is a positive relation between growth opportunity and debt. 4.1.3 Asset’s tangibility HI-3:   There is a positive relation between assets’ tangibility and debt. 4.1.3 Liquidity Liquidity means that the ability to a company to reach the obligation of short term. It is equal to the ratio of the current assets divide current liability. Capital structure may be affected by the liquidity. There may be a positive relationship between the liquidity and the debt, because that if the companies have the high liquidity, then they may need the high debt to help them to satisfy their short-term obligation. However, a negative relationship between the liquidity and the debt shows in the peaking-order theory, according to the Prowse (1990), if the companies have the high liquidity, then they have possible to change their finance way which is choosing the their asset to regard as their internal financing source, they may give up the past finance way which is that financing by issue the debt. This reason may indicate that the companies with high liquidity may have less debt. Furthermore, this negative relationship also show in the agency theory, the liquidity of the asset o f the companies can be regarded as the extent of the asset which can be controlled by the shareholders when expense should be cost by the debt holders. According to the above theory, there are different discussions given by the capital structure theories about the relationship between the liquidity and the debt. So this paper assumes there is a negative relationship between liquidity and debt following this hypothesis: HI-4:   There is a negative relation between liquidity and debt. 4.1.4 Profitability According to the Modigliani Miller (1958), profitability can he be a signaling to show the shareholder or creditors the company’s future profit. And then their much research can show that there is a relationship between the profitability and debt. A positive relationship between the profitability and the debt showed in the agency theory. In the agency theory, it said that because that if the external equity is increase, then the ownership may be change, so in order to not let this situation happen, the companies with the high profitability will control the external equity. On the other side, the shareholders who own the control right would like to increase the debt level to make sure the managers in the company to pay their attention on the profit instead of expanding their company or be the NO.1 in the industry. HI-5:   There is a negative relation between profitability and debt. 4.2   Hypotheses for the relationship between the determines of the capital structure and the firm performance H2-1:   There is a positive relation between firm size and firm performance. H2-2:   There is a positive relation between growth opportunity and firm performance. H2-3:   There is a positive relation between assets’ tangibility and firm performance. H2-4:   There is a positive relation between liquidity and firm performance. H2-5:   There is a positive relation between capital structure and firm performance. 5. Reference Baxter, N. D.1967, Leverage, risk and the cost of capital, Journal of Finance,   vol. 22, no. 3, p. 395 Brealey, R. A. Myers, S. 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