Roots (Uc Personal Statement) free essay sample

The soft tones are the establishment of the house, the flour in the bread, the underlying foundations of the tree. I am the low metal area pioneer of the Santa Cruz High Marching Band. At the point when this year started, I had six new individuals coming into the segment. I realized it would be a troublesome year however I was resolved to make a strong segment, despite the fact that five of the six newcomers had never played their instruments. I recollected my first year in band and how I felt about my segment chief, Sasha. At the point when I initially joined band I was threatened by the entirety of the new faces and I didnt need to take a stab at walking. At the point when I disclosed to Sasha I wasnt eager about the walking she encouraged me to attempt it in any case. She revealed to me many individuals had said they didnt need to do it from the start however afterwards delighted in it. We will compose a custom article test on Roots (Uc Personal Statement) or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page I believed that I would be the one exemption, however after the primary rivalry, I began to value being in the band. Sasha consistently appeared to realize what wasn't right and how to fix it; I took each bit of prompt she gave me with quietude. It was my area chief that acquainted me with the band. At the point when the year began, I needed to resemble Sasha to these new individuals. I showed the new understudies the essentials of their instruments and the standards of the band. I composed sectional time and pushed them all to refine and to remember their parts. The opposition season began to draw nearer and we started to stress over how we would sound. Practically 50% of the band was comprised of green beans or individuals new to band. Despite the fact that I didnt know how we would sound this year I still consistently kept an uplifting disposition and never let my area think skeptically. When rivalry season started, I had begun to feel like Sasha. I felt mostly like an instructor and somewhat like an older sibling to my segment. The best sentiment of pride originates from watching individuals I truly attempt to help succeed. To me, there is nothing more satisfying than seeing the looks on the new understudies faces when they see that we have won ahead of all comers at another opposition.

Stock Market Performance and Economic Relationship

Financial exchange Performance and Economic Relationship Conceptual: Regardless of whether national economy is influencing the financial exchange or other path round? A great deal of studies have done on the past what are relationship of these factors. In my work I have utilized cointegration and Granger Causality strategy to discover the connection between the stock list cost and Economic development pointer GDP. Presentation The discussion of whether securities exchange is related with monetary development or the financial exchange can be filled in as the financial marker to anticipate future. As per numerous financial analysts securities exchange can be an explanation behind the future downturn if there is a gigantic diminishing in the stock cost or the other way around. In any case, there are proof of dubious issue about the capacity of expectation from the securities exchange isn't solid if there is a circumstance like 1987 securities exchange smashed followed by the monetary downturn and 1997 money related emergencies. (Financial exchange and monetary development in Malaysia: causality test). The point of the examination is to discover the connection between the financial exchange execution and the genuine monetary action in the event of four nations The UK, The USA, Malaysia and Japan. With my restricted information I have attempted to discover the job of money related improvement in invigorating monetary development. A great deal of financial specialists have distinctive view about securities exchange advancement and the monetary development. In the event that we center around some related writing distributed on this point one inquiry emerges: Is financial advancement is influenced by securities exchange improvement? Despite the fact that there are loads of discussion on some are stating that financial exchange can support the economy however the impact of securities exchange in the economy particularly in the economy is practically nothing. Ross Levine recommended in his paper distributed in 1998 that ongoing proof proposed financial exchange can truly give a blast to monetary development. (REFERENCE) It isn't generally conceivable to gauge the development by just taking a gander at the ups and down in the financial exchange pointer and by taking a gander at the paces of development in GDP. A great deal of things can cause in the development of securities exchange like changes in the financial framework, remote investment in the in the monetary market may take an interest unequivocally. Evidently it appears that these advancements can cause improvement of financial exchange followed by the great monetary development. Be that as it may, to check the exactness one required to follow a suitable technique which would definitively quantify whether stock cost is truly affecting the financial development or not? In my work I have attempted to discover the co incorporating connection between Stock cost and GDP and attempted to check if there is a since quite a while ago run and short run connection between the stock cost and GDP. The strategy utilized for the examinations is Engle Granger co mix technique. To do this I have utilized ADF (Augmented Dickey Fuller Test) to check for the fixed conduct of the factors and afterward I have played out the Engle Granger Engle Granger co incorporation technique followed by leftover based mistake amendment model. To check for the short run relationship I have utilized second stage Engle Granger co mix technique. To check the causal impact of the four nations financial exchange and monetary development I utilized Granger Causality Method. In this paper I have checked on certain investigations of researchers which I have talked about on the writing survey part. This paper contains five sections Section two is about the writing dependent on the past wok of researchers. Section Three examined about the Data. Section four is about the philosophy, Results are talked about on section five and section six is about the outline and finish of the entire investigation. In my work I have established there is no since quite a while ago run connection between securities exchange and monetary development in every one of the four nations. Moreover there is no causal connection between stock list yield and the national economy development rate. The exact aftereffects of the theory presumes that the chance of apparently unusual connection between the stock file and national economy of these for nations. Writing Review: Securities exchange adds to monetary development in various manners either straightforwardly or by implication. The elements of securities exchange are investment funds activation, Liquidity creation, and Risk expansion, keep control on disintermediation, data picking up and upgraded motivating force for corporate control. The connection between securities exchange and monetary development has gotten an issue of broad investigation. There is consistently an inquiry whether the financial exchange straightforwardly impact monetary development. A ton of research and results shows that there is a solid connection between financial exchange and monetary development. Proof on whether money related advancement causes development help to accommodate these perspectives. On the off chance that we return to the investigation of Schumpeter (1912) his examinations accentuates the positive effect on the improvement of a countrys monetary segment fair and square and the potential danger of misfortunes brought about by the antagonistic choice and good peril or exchange costs are contended by him how vital the pace of development contends that money related areas gives of reallocating cash-flow to limit the potential misfortunes. Observational proof from ruler and Levine (1983) show that the degree of monetary intermediation is acceptable indicator of since a long time ago run paces of development, capital aggregation and profitability. Upgraded liquidity of budgetary market prompts money related turn of events and financial specialists can undoubtedly broaden their hazard by making their portfolio in various speculations with higher venture. Another examination from Levine and Zervos (1996) utilizing the information of 24 nations found that a solid positive relationship between's financial exchange advancement and monetary development. Their extended examination on 49 nations from 1976-1993, they utilized Stock Market liquidity, Economic development rate, Capital Accumulating rate and yield Growth Rate. They found that all the factors are emphatically corresponded with one another. Demiurgic and Maksimovic (1996) have discovered positive causal impacts of budgetary advancement on financial development in accordance with the ‘supply driving speculation. As per his investigations nations with better budgetary framework has a smooth working securities exchange will in general develop a lot quicker as they approach genuinely necessary assets for monetarily compelled financial ventures by the huge productive banks. Related research was accomplished for as long as three decades concentrating on the job of budgetary advancement in animating monetary development they never viewed as about the financial exchange. An experimental investigation by Ming Men and Rui on Stock market record and monetary development in China propose that conceivable explanation of evident strange connection between the stock Index and national economy in china. Evident unusual relationship might be a direct result of the accompanying explanation irregularity of Chinese GDP with the structure of its financial exchange, pretended by private part in development of GDP and disequilibrium of money structure and so on. The examination was finished utilizing the cointegration technique and Granger causality test, the general finding of the investigation is Chinese fund showcase isn't assuming a significant job in financial turn of events. (Men M 2006 China paper). An article by Indrani Chakraborti dependent on the instance of India introduced in a workshop in kolkata in October, 2006 gives some data about the presence of since quite a while ago run stable connection between stosk showcase capitalization, bank credit and development pace of genuine GDP. She utilized the idea of the granger causality in the wake of utilizing both the Engle-Granger and Johansen procedure. In her investigation she discovered GDP is co-incorporated with budgetary profundity, Volatility in the securities exchange and GDP development is co coordinated with all the discoveries the paper clarify that the in a general sense, monetary development is the reson for money related improvement in India.(Chakraboty Indrani). Hardly any scholars from Malaysia found that financial exchange helps to foresee future economy. Financial exchange is related with monetary development play as a hotspot for new private capital. Causal connection between the financial exchange and monetary development which was finished by utilizing the proper test for causality by C.J. Granger and yearly Malaysia information for the period 1977-2006. The outcome from the examination clarify that future forecast is conceivable by financial exchange. An investigation concentrated on the connection between securities exchange execution and genuine financial movement in Turkey. The examination shows presence of a since quite a while ago run connection between genuine monetary action and stock prices†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Result from the investigation called attention to that financial action increments after a stun in stock costs and afterward decreases in Turkish market from the subsequent quarter and a unitary (Turkish paper) A worldwide time arrangement investigation from 1980-1990 By RAGHURAM G. RAJAN AND LUIGI ZINGALES gives some proof of the connection between financial exchange and monetary development. This paper portrays whether monetary development is encouraged by budgetary turn of events. He found that money related advancement has solid impact on monetary development. (Rajan and Zingales, 1998) The investigation of Ross LEVINE AND SARA ZERVOS on discovering the since quite a while ago run connection between securities exchange and bank propose a constructive outcome both the factors has beneficial outcome on financial development. Global mix and instability isn't appropriately affected by capital securities exchange. What's more, private spare sparing rates are not in any manner influenced by these money related markers. The examination was done on 47 nations information utilizing cross sectional investigation. In principle the traditional writing on development was not adequate enough to search for the association between money related turn of events and monetary development and the explanation is they were centered around the consistent state level of capital stock per workerof efficiency. Furthermore, they were not so much focused on the pace of development. In reality the principle concern was legitimated to exogenous specialized advancement. (Levine and Zervos 1998) Belgium

Initial Assessment Essay

The thinking for utilizing Initial Assessment in my educational program territory is on the grounds that most of understudies have not finished conventional training or if having done so hold next to zero capabilities. Most of the courses start at section level in this manner no qualifications’ are require, yet to offer understudies movement on to more significant levels they should hold or have the option to accomplish a level 1 in correspondence and utilization of number. This is the base prerequisite to finish an apprenticeship program and most by far wish to follow the professional course to being a ‘qualified tradesman’. Methodology Before the day of enrolment understudies are fore cautioned at the meeting stage what the granting bodies’ necessity is to do a specific course. On account of Construction Awards Alliance they have their own evaluation measures to attempt a match the reasonableness of the understudy to a specific exchange. Anyway in light of the fact that we convey from passage to level 2 with three bodies to keep to the evaluation procedure standard the school design is utilized( booklet delivered by the learning community, joined). Hillier. J (2005 p62) states â€Å"Great care must be utilized with such appraisal exercises. Numerous potential students will feel exceptionally by being compromised by being approached to attempt an indicative appraisal. † In my feeling as long as understudies are made mindful this is definitely not a proper test the greater part wouldn't fret stepping through the examination, given that the thinking behind it is clarified accurately. As a coach it is significant I recall the reason for the test as Lambert. D and Lines. D (2000 p20) state â€Å"formative appraisal is embraced so sure accomplishments of an understudy can be perceived and the fitting subsequent stage planned†. When all the data is ordered this is gone into the course/understudy profile booklet, this empowers me or some other mentors to take a gander at a specific understudy or gathering capabilities and progress as they are recorded for every accomplishment. By and by I imagine that the procedure functions admirably when we complete the diagnostics on line as understudies can not perceive how others are getting along. Most understudies feel progressively good utilizing this technique as they don't feel as much weight as possible wear earphones whenever required. The entire reason functions admirably on the grounds that as a guide taking a shot at section level and in a specific way on level 1, correspondence and use of number can be imbedded into the down to earth parts of the course. The significant shortcoming that I feel of the appraisal procedure is that they are not educational program explicit; parts of utilization of number are not pertinent to the professional subject. As I have encountered my self and some develop understudies the phrasing of catchphrases has changed until we have had them clarified. When utilizing the paper renditions understudies that battle to peruse or compose regularly don't finish enough of the booklet, for the mentor to locate the genuine level the understudies fit/working at. A significant viewpoint that is frequently missed is the way that to help understudies there is a prerequisite to have additional help set up if require for people. On the off chance that there is no help is there a requirement for appraisal? Truly yet guarantee all the help is given and accessible as required in an auspicious way.

Not Risk Averse Essay Online For Free - Free Essay Example

I often hear finance managers say an investment related proverb that goes like this; be risk diverse, not risk adverse. An inquisitive, or even not so inquisitive mind may wonder what does this concept really mean? and why is it so important when investing? This paper seeks to provide answers to the querying mind and to explain, not only by definition but also via demonstration the importance of having a diversified portfolio. It will also include reasons why investors should be risk diverse and not risk adverse. Part 1: Diversification, Risk Management Market Cycles Investopedia defines diversification as a technique that reduces risk  by allocating investments among various financial instruments, industries and other categories. Its main aim is to maximize returns hence the reason it is invested in different area that will each react differently when exposed to similar conditions. . In short, diversification denotes the old saying dont put your eggs in one basket. The article some sample portfolios emphasized the importance of having a diversified portfolio. It sees diversification as the spreading of ones money among various sorts of investments to limit risk and maximize growth potential. These investments are primarily categorized by stocks, bonds and cash. Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals while minimizing risk (Investopedia). Risk Management If one caught a whale the first time he or she ever picked up a fishing pole, perhaps theyd think of themselves as being lucky. If they year after year they reeled it back in with the same result, theyre assume that pond was the right place to be. Likewise, investors who purchased their first stock during one of the most extraordinary bull market in history (1982 -1999) conditioned themselves to believe that their pond (the equity market) was the correct place to be for year to year returns. What these investors discovered later though is the fact that markets move in cycles and like fishermen, they must monitor and adapt to the changing conditions. More than 100 years of equity market history has shown that there are uncertain cyclical movements in the market. With that fact being established, it is paramount that investors prepare for risk and build a portfolio that can withstand any economic environment. In doing so, they (the investors) should diversify among assets that hav e been historically proven to be defensive against risks that may be encountered in the three major economic environments; noninflationary growth, inflationary growth and recession. The article Rethinking Risk states that a properly diversified portfolio can help preserve principal while taking advantage of opportunities that arise as the economy transitions across cycles. While history repeatedly shows the cyclical movements of the market, many investors today view bull markets as normal and therefore tend to chase returns at the expense of risk management with the reason being, prior to 2000s; no person significant losses were experienced. The term baby boomer is used to describe the generation that lived through the bear market (1966 to 1982). These boomers began to seriously invest during the bull period from 1982 1999. There they had consistently gained high levels of return with low volatility. What many of these investors faired wasnt losing money; rather it was missing o ut on gains. For those who considered the bull markets to be the norm, the two bear markets of 2000s really did come as a shocker. Investors are therefore advised to rethink their assumptions about the equity market as it related to investing and risk. All investments involve risks. The closer the investor is to retirement the riskier the asset becomes because their compensation, savings and assets will generally decrease (outliving savings). Phases of Investing Asset Accumulation Pre-Retirement Retirement Time until retirement 10+ years Less than 10 years Retired Risks -Not enough growth to out space inflation -Losses may lead to abandoning strategy -Lots to lose and less time to recover -Purchasing power -Inflation -Portfolio longevity -Limited contributions Diversification It is important that investors prepare themselves in the event that for one of the economic environment were to occur. Different asset classes have historically outperformed during different economic environments, hence portfolio diversification is importance when one intends to pursue financial goals across market cycles. Diversification is the key to risk management. As aforementioned, it is simply investing in a variety of assets which in turn assures investors that if a situation like the bull market fails and some asset classes were to fall, other assets in the portfolio will be able to offer stability. Analysis of the markets history indicates that the allocation of assets needs a logical approach with sound knowledge of risk. In the 1990s the market moved upward and hence investors, due to their growth potential were attracted to stocks within the technology and communications industries. Technology then went downhill causing the investor that invested only in that sector to pay the price. When the market recommenced its gain between 2003 and 2007, investors no longer invested in one sector; rather, they included international and emerging markets stocks and private equity to their portfolios. But as we can remember, when the market went into recession in 2007, all the asset classed plummeted together. What happened then can be simply explained. In the investors quest of returns, they evaded assets such as cash and long term government bonds that offered lower growth potential than of equity but they have been proven to withstand the pressure of recession. What happened there therefore was a case which involved them diversifying their sources of returns but failed to do so according to risk. Investors should therefore diversify among asset classes that have been proven to defend against risks that may arise from the three major economic environments mentioned earlier. Equities and other equity-like investments have historically been proven to perform well when noninflationary growth is existent. These investments seek growth, which helps protect against shortfall risks in retirement. Currency hedged government bonds and cash are investors best market downturn defense during recessionary periods. While the fact that they lower growth potential is evident, they are also good defendants of steep market loss risks. Commodities have during inflationary periods, revealed its capabilities of protecting against the risk the inflation poses towards corroding ones buying power. Commodities are unpredictable and may not meet the suitability requirements of all investors. The table below taken from Invesco Portfolio Principles: Rethinking Risk, shows the annualized performance of various asset classes stating from the year, 1929. The data is presented within six time periods that represents five distinct market environments. The importance of Diversification Time Frame 1929- 41 (13 yrs) 1942 65 (24 yrs) 1966- 81 (16yrs) 1973- 81 (9yrs) 1982-99 (18yrs) 2000 -09 (10yrs) Market Environment Deflation Low-inflationary growth Inflation Low inflationary growth Credit Supply Reduction* Corporate bonds 6.30% Stocks 15.93% Inflation 6.93% Commodities 16.87% Stocks 18.77% Long-term government bonds 8.81% Long-term government bonds 4.76% Inflation 3.05% T-Bills 6.38% Inflation 9.32% Corporate bonds 13.61% Corporate bonds 7.01% T-Bills 0.82% Corporate bonds 2.61% Stocks 6.35% T-Bills 7.53% Long-term govtbonds13.51% T -Bills 3.02% Inflation -1.60% Long-term govtbonds2.16% Corporate bonds 3.07% Stocks 6.11% Commodities 7.63% Inflation 2.60% Stocks -2.47% T- Bills 1.61% Long-term govt bonds 2.57% Corporate bonds 2.86% T-Bills 6.30% Commodities 2.28% Commodities index was not incepted Long-term govt bonds 2.84% Inflation 3.32% Stocks -4.00% The period den oted by * did not represent true deflationary period because consumer prices did not fall. The reduction in credit supply however led to economic contractions somewhat similar to what would be experienced in a deflationary environment. Sources: Ibbotson, Lipper Inc. Stocks are represented by the SP500 Index; inflation by the consumer Price Index; Commodities by the SP 500 GSCI Index; long-term government bonds by the Ibbotson U.S. Long-Term Government Bond Index; T-Bills by the Ibbotson U.S. 30 Day T-Bill Index; and corporate bonds by the Ibbotson U.S. Long-term Corporate Bond Index. An Investment cannot be made directly in an index. Past performance is not a guaranteed future result. Part 2: Risk adversity vs. Risk Diversity Risk is often defined as a measure of the probability and severity of adverse effects [Lowrance 1976]. It is the fundamental of investment and is also very essential. An investor trade to make money, and the only way that can happen is by taking some form of risk. If excessive risk is taken however, it can be very disastrous. There is nothing wrong with being risk adverse (risk friendly), however, problems exist where there is undiversified risk in a portfolio that may lead to it being risk-free hence return-free. Must I note that there is nothing wrong with an investor that is both willing and able to take a more that average level of risk, however, it must be done rationally. It must also be noted that a higher risk level does not signify putting all your eggs in one basket since higher-risk portfolios are customarily comprised of various classes of assets that are sensibly managed. Risk adverse investors dislike risk, as a result, they tend to avoid adding high risk investmen ts to their portfolio which will consequently make them lose higher rates of return opportunities. Such safer investments seeker investors generally prefer investments with low returns such as index funds and government bonds. The Risk Reward trade off Financial Dictionary defines risk reward tradeoff as The concept that every rational investor, at a given level of risk, will accept only the largest expected return. In a circumstance where two investments are given at the same risk level, ceteris paribus, rational investors will chose the asset that with the highest return. It is because of this concept; riskier bonds pay a higher coupon rate and bonds pay lower returns than that of stocks reason being that bond investments are safer because they are less risky. (Finance-Dictionary). It is basically deciding the amount of risk one can take when developing their portfolio. The risk-return tradeoff is the balance an investor must decide on between the desires for the lowest possible risk for the highest possible returnsÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ low levels of uncertainty (low risk) are associated with low potential returns and high levels of uncertainty (high risk) are associated with high potential returns (Investopedia). H ere is an example taken from Investopedia.com that explains how the risk-reward theory works. The risk-free rate of return is usually denoted by the quoted yield of U.S. Government Securities. For this purpose the risk-free rate is assumed to currently be 7%. Therefore, for having no established risk, an investor can earn 7% per year on his or her money. However if the index funds are averaging 13 -15.5% per year, no one will settle for 7%. It must be noted that index funds dont return 15.5% every year, instead they return -5% one year and 25% the next. Putting that example in simple terms, in order to receive higher returns, investors must be willing to take on considerably more risk. Sample Historical Portfolios The graph inserted below highlights the historical performances and risk of portfolios ranging from 100% stocks to 0% stocks. It shows the average return and standard deviation, which is also a measure of risk) for the portfolios individually. The data in this portfolio ranges from the period 1927 to 2007. (Crackerjack) The graph depicts the risk-return tradeoff where the higher the percentage of stock in the portfolio increases the returns and the risk. Higher returns symbolize the involvement of risk and obviously, a lowered risk level will signify lower returns. It is also good to note that as the investment fluctuated so did the range of returns. The Pie chart below represents a portfolio that I will recommend which consist of the allocation of 60% stocks Crakerjack The graph below highlights the historical returns for the portfolio above from 1927 to 2007 Crackerjack Facts about that portfolio From 1927 to 2007, the average annual return for a diversified 60% Stock portfolio was 9.5%. During any consecutive 3 years from 1927 to 2007, this portfolio lost money 8 times out of a possible 79 periods. In 2 of those 8 times, it lost less than 1.2% of its original value. The two worst 3 year periods were 1929-1931 and 1930-1932 (Great Depression), when the portfolio lost about 46% of its original value. From 1927 to 2007, the average annual return for a diversified 60% Stock portfolio was 9.5%. During any consecutive 3 years from 1927 to 2007, this portfolio lost money 8 times out of a possible 79 periods. In 2 of those 8 times, it lost less than 1.2% of its original value. The two worst 3 year periods were 1929-1931 and 1930-1932 (Great Depression), when the portfolio lost about 46% of its original value. (https://www.crackerjackgreenback.com/category/diversified-portfolios/) Recommendations When investing it is important that investors include securities from all the asset classes. This ensures at least a portion of the investors holdings is doing well. One can also invest in securities of the same asset class that are not affected by the same variables When investing it is advised that one should not invest in variables that may increase or decrease in price at the same time Diversified portfolios are less volatile with sounder returns so it is therefore advised that portfolios be diversified. Conclusion There is no success without risk. If people could have predicted the future, they would have known when there will be a recession, inflation or a great depression. Since predicting the future is virtually impossible investors have to let faith be their guide. They have to take the risk and wait to see how the market will play out. Risk is good, it is importantÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦it is essential.

E-Commerce at Yunnan Lucky Air - 5422 Words

08-076 August 11, 2008 E-commerce at Yunnan Lucky Air Inaki Berenguer, Cai Shijun, Li Liang, Liu Jing, Ningya Wang Preserve the essence of traditional Chinese culture while learning from successful models of the world. - Yunnan Lucky Air, statement of corporate culture Fortune had favored Yunnan Lucky Air. Four years after its founding in 2004, Lucky Air had grown into a US$104.3 million (RMB720 million) low-cost airline, serving domestic routes from its hub in Kunming, the capital of southwestern China’s Yunnan province. Yunnan was one of China’s top tourist destinations, famous for its beautiful landscape and multi-ethnic culture, and Lucky Air had successfully attracted over 1.2 million Yunnan-area travelers in 2007 alone – more†¦show more content†¦A wave of new low-cost airlines had emerged, making domestic travel more affordable for everyone. Analysts estimated that about 780 routes were appropriate for low-cost flights, based on route popularity, trip length, and similar factors, and that by 2013 25% of passengers would be carried by low-cost airlines with a p rojected growth rate of 20% per annum.1 The growth potential attracted many new entrants and intensified competition. Government regulations restricted airlines’ ability to reduce ticket prices, yet the sheer abundance of low-cost airlines pressured each to lower its ticket prices as much as possible. Some airlines opted to expand beyond offering flights alone. Spring Airlines, launched in 2005 and based in Shanghai, flew to 23 destinations within China and had achieved US$72 million in revenue and US$4.3 million in net profit by the end of 2006. The key to Spring’s growth strategy had been the decision to pursue the large Shanghai tourist trade by offering discounted tour packages. By bundling with hotels and other travel services, Spring was able to offer a fare 34% lower than average market price. Company History Lucky Air was founded in 2004 with an initial capitalization of US$2.2 million (RMB15 million). As one of China’s most popular domestic tourist dest inations, Yunnan province was seeing significant growth in the number of tourists. Between 2007 and 2008, the number of projected arrivals was predicted toShow MoreRelatedE Commerce at Yunnan Lucky Air1685 Words   |  7 PagesE - Commerce at Yunnan Lucky Air: Introduction: Backed by the Hainan Airlines of the China, Yunnan Airlines was founded in 2004 as one of the most cost-effective domestic airline operating from its hub in Kunming, in the province of Yunnan. The limited route license added to the airline’s competitive advantage and maintained its monopoly within the region. Its major competitors include Air China and China Southern Airlines among others. As Yunnan is one of the most attractive tourist destinationsRead MoreYunnan Luck Air Case Study Essay1721 Words   |  7 Pages1. What are Yunnan Lucky Air’s best options? Luck Air had a great business model, and that was to follow the same model as Southwest Airlines in the United States. Because Luck Air is considered a domestic airline in China they operate on a small scale compared to major competitors and so it made economical sense to offer low-cost, high-efficiency to their customers. In 2007 Lucky Air was able to more than double the amount of passengers from the year before by using a low-cost tactic. HoweverRead MoreLucky Air the Beginning727 Words   |  3 Pages1. What are Yunna Lucky Air’s best options? Lucky Air chose to follow the model of the Southwest Airlines in the United States. Lucky Air is a domestic airline located in China. Because it is a low-cost and high-efficiency airline it doubled the amount of passengers since 2007. E-commerce was a risk Luck Air decided to take on because other airlines were now offering low-cost high-efficiency flights. E-commerce by definition is commercial transactions conducted electronically on the internet. This

The Modal Model Of Memory - 838 Words

The modal model of memory was initially introduced by Richard Atkinson and Richard Shiffrin (1968) because they believed that once data enters the brain it must either be contained or put away. They additionally recommended that data is kept into three particular memory frameworks i.e. the sensory register, short-term memory and long-term memory. This model was developed to clarify the process of our memory, its capacity and how long the memory is able to hold a data. Furthermore, they carried out a multi-score model which described memory in terms of information flowing via systems and this research was successful in terms of the amount of research it consisted of. As a result, of this Baddeley and Hitch (1974) developed an alternative model of short-term memory which was also known as the working memory. The modal model memory is an explanation as to how the memory process functions, although William James (1890) justified a dissimilarity amid the primary and secondary memory because primary memory comprised of thoughts which held for a short term in consciousness, whereas the secondary memory consisted of a permanent unconscious store. The sensory memory gathers data via our senses, ears, eyes, mouth and due to this information only remains in store for a very small amount time, thus the model suggests that if consideration is given to the senses then the memory exchanges to the short term capacity. An evidence of the sensory store was provided by Sperling (1960); asShow MoreRelatedThe Atkinson And Shiffrin Modal Model Of Memory2042 Words   |  9 PagesMemory is a very crucial topic not everyone understands. We might hear an individual saying â€Å"He has a great memory,† or others mentioning they have a â€Å"bad memory† whenever they have forgotten an important subject. People use the term memory frequently but often not knowing its true meaning. According to Baddeley (1999), memory is not an actual organ as the heart, the kidneys, or the liver; instead, it consists of a network in which many systems work together, allowing us to be capable of rememberingRead MoreEssay about The Human Memory Model 1732 Words   |  7 PagesMemory, Thinking, and Intelligence Memory is the process in our brain that the results of learning are stored for future recall. There are three types of memory, sensory memory, short term memory, and long term memory. The human memory processing system is comprised of an input or encoding stage, a storage process, and a retrieval process, the human memory also tends to forget quite a bit of information. Psychologists have many general principles to help us improve our memory and learning how theRead MoreThe Working Memory Model Proposed by Alan Baddeley and Graham Hitch1630 Words   |  7 Pages That our memory isn’t veridical is not a novel idea. This means that we don’t perfectly remember everything that we have seen or experienced in the past. Broadly speaking, there are two fundamental memory errors that occur in everyday life. One is forgetting events that have occurred, and the other is remembering something that did not transpire (or misremembering them in the way that they occurred). The first error, forgetting, is very common, and needs no explanation. We can all think of instancesRead MoreThe Lexical Decision Task Shows Evidence Towards Readiness1619 Words   |  7 Pagessemantic memories used in the form of associations based on relatedness of words in the experiment. This experiment is important because it attempts to understand how people develop, store, and use memories to their advantage. Additionally, the Lexical Decision Task attempts to explain why how long term memory is used and under what circumstances it is recovered. Memory is a crucial part of life for most people. It is the way that we participate in our every-day lives. Without memories, people wouldRead MoreMemory Is The Most Ideal Spot At Store Information, And The Two Types Of Privacy972 Words   |  4 PagesMemory Memory is an important aspect throughout many of our lives, and is key for remembering material for exams, the layout around us, and memorable events in our life. There are many types of memory, such perceptual memory, short term memory, and long term memory. Depending on what one wants to learn, long term memory is the most ideal spot to store information such as material for an exam. In my Social Media Today class I am required to memorize a great deal of information, including everythingRead MoreThe Ethics of Eternal Sunshine of the Spotless Mind706 Words   |  3 Pagesï » ¿ What if you could erase bad memories? Would you erase the memory of a bad relationship? An unpleasant experience? What if you were traumatized by combat, a terrible accident, or a brutal assault? What if your memories disturbed your sleep, caused nightmares, changed your personality, affected your work and relationships, and were damaging to your physical health? PTSD Nearly five million Americans between the ages of 18 and 54 suffer from p ost-traumatic stress disorder (PTSD). The fearRead MoreEssa 390 Essay804 Words   |  4 PagesWebb). The course of the z/Architecture had provide upward compatibility for application programs. The main idea of the z/Architecture is to boost the storage usable by an application program and the central storage which could be connected to a model and shared by large number of programs. The z/Architecture has boosted up the central storage of the 370-XA, ESA/37-, and ESA/390 storage from 31-bits to a 64-bits. The z/Architecture implements compatibility for the ESA/390 application program butRead MoreThe Correlation Between Sensory Ability And Cognitive Abilities1058 Words   |  5 Pagessensory and cognitive abilities have impact on each other by a potentially aged based, third factor. Moderation and mediation analyses are applied to explore the visual acuity, which plays a role of being sensory measure, while the scores from auditory memory and visual speed tests as the cognitive measure. According to a brief research report (Claire G, La Fleur, Timothy A. Salthouse, (2014) Out of sight, Out of mind? University of Virginia), an experiment has been set up to draw a conclusion fromRead MoreEvaluate the Working Memory Model1310 Words   |  6 PagesWorking Memory Introduction Human memory is a complex cognitive structure, which can be defined in many ways. One would argue that memory is 1.) The mental function of retaining information about stimuli, event, images, ideas, etc. after the original stimuli is no longer present. 2.) The hypothesized storage system in the mind that holds this information is so retained. A clear distinction is made between different types of memory systems and can be divided into subclasses. The first model ofRead MoreChemistry Of My Long Term Memory1137 Words   |  5 Pages1. I am storing chemistry in my long term memory. General Chemistry just had a test last week so I am attempting to store new information, specifically from Chapter 10 tilted Chemical Bonding. We have covered bond theories and have worked extensively on the Lewis Dot structure. 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The Spanish Conquest and the Aztec Culture free essay sample

A descriptive essay showing through fictitious newspaper articles and other media sources the Spanish conquest on Mexico and the character of the local Aztecs. The author of this paper uses an original style to produce this essay which brings across the story of Spaniard Hernan Cortezs conquest of Mexico and the local Aztecs with which he fought. By conducting an interview with the Chronicler Juan de Pomar and Hernan Cortez and writing an article about Cortezs success in the Mexican conquest, the paper gives an overall picture of the events of the 1519 era and the culture of the Aztec people. Montecuhzoma allowed Cortez and his men into Tenochtitlan, which was not his normal policy of caution. Great diplomatic overtures were made on both sides, and at first the two warring parties almost seemed as though they might find peace. Unfortunately that was not to be. The Spaniards were coarse, ignorant of local customs, and rude. We will write a custom essay sample on The Spanish Conquest and the Aztec Culture or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They cared little for protocols and pleasantries. In the end, this disregard for the Aztec culture may have been what created their successful attacks and eventual takeover of Tenochtitlan- while the Aztecs were sacrificing warriors to their gods during battle, the Spaniards were killing them off in large numbers.