People aspects of capital investment decision making Essay

People aspects of capital investment decision making - Essay Example Though these techniques have successfully gained popularity as deciding tool, however, influence from the human element on decision making still maintains its dominance (paper). Managers of the firm themselves receive impact from their traits leading to influenced preferences in making decision. Among many reasons that advocate the acceptance of human element weight in investment decision, it is also for the fact that capital budgeting techniques has some unanswered queries. For instance, subjectivity of the discount rate used to discount the cash flows. It further states that the outcome of decisions based on capital budgeting techniques does not facilitate learning function as each situation is considered different. Successes or failure of decision from the usage of these techniques are also attributed to manager; and it is a manager who receives promotion (demotion) on success (failure) of project and not the techniques. Also these techniques are not easy to employee and are consi dered as complex procedures. Hence, mentioned ones and many other reasons lead to advocacy to systematically include human element factor in decision making criteria (Simon (1955, 1959), Margolis (1958), and Cyert and March (1963). This report provides the critical evaluation of capital budgeting technique with application on hypothetical project of construction and discusses the impact of various factors mainly managerial implication in results. In the second part, human impact of managerial attitude towards risk is discussed in detail. THE ALTERNATIVE ‘OBJECTIVE PROCESSES’ EVALUATION The alternative objective processes evaluation has been conducted with developing hypothetical example from construction sector. Example is a construction project of three storey building. Project has an initial cost of UK ?. 75, 192 and has been financed by 60% debt and 40% equity. Table 1 provides cash flow details with application of capital budgeting techniques. Details of estimated i nitial cost, revenues, expenses, and loan are provided in appendix. Result of each technique application is discussed under heading titled to technique. TABLE 1: Cash Flow       No. Of Years 0 1 2 3 4 5 Working Capital ? 7,049 ? 7,593 ? 8,181 ? 8,814 ? 9,497 ? - Change in working -? 7,049 -? 545 -? 587 -? 633 -? 683 ? 9,497 Initial investment -? 75,193                Cash flow from Investing -? 75,193 ? 7,049 ? 7,593 ? 8,181 ? 8,814 ? 9,497                      Revenues ? - ? 64,721 ? 69,879 ? 75,449 ? 81,464 ? 87,959 Less: Total Expenses ? - ? 35,283 ? 37,609 ? 41,305 ? 44,888 ? 49,372 Cash From Operating ? - ? 29,438 ? 32,270 ? 34,144 ? 36,576 ? 38,587                      Cash Flow -? 75,193 ? 36,487 ? 39,864 ? 42,325 ? 45,390 ? 48,084 Interest Expense    ? 1,805 ? 1,471 ? 1,125 ? 765 ? 390 EBT    ? 34,682 ? 38,392 ? 41,200 ? 44,626 ? 47,694 Tax(0) ? - ? - ? - ? - ? - ? -                      Total Cash Flows(after Tax) -? 75,193 ? 34,682 ? 38,392 ? 41,200 ? 44,626 ? 47,694 R    ? 0.05 ? 0.05 ? 0.05 ? 0.05 ? 0.05 DCF -? 75,193 ? 33,031 ? 34,823 ? 35,590 ? 36,714 ? 37,370 PAYBACK PERIOD    -? 42,162 -? 7,339 ? 28,251       Based on the positive NPV, the project is suggested to be feasible to undertake. Moreover, evaluation of NPV and other

The South China Tiger Essay -- Endangered Species Wildlife China Essay

The South China Tiger As a result of â€Å"the South China Tiger [being] one of the most endangered tiger subspecies in the world† (State Forestry Administration, 2000) China implemented the China Action Plan For Saving the South China Tiger. China’s State Forestry Administration developed the plan because it was necessary to minimize the threat of extinction posed by humans to these tigers. Without intervention, the South China Tiger would go extinct. Historically, â€Å"The South China Tiger was widely distributed, [its range area was about] 2000 kilometers from east to west and 1500 kilometers from north to south† (State Forestry Administration, 2000). What lead to the South China Tiger being classified as extinct was the ignorance of people about the tiger’s ecological and reproductive fragility. According to the China Action Plan, â€Å"During the thirty years before 1980 the wild population of the South China Tiger suffered from continuous large-scale hunting, deforestation of their habitats for timbers, reclaiming of agricultural lands, and pollution from chemical fertilizers†. A combination of human encroachment and habitat destruction resulted in both a decrease in the numbers of South China tigers in the wild as well as a decrease in the habitat in which they were able to live. The Ministry of Forest of the Peoples Republic of China combined its efforts with the World Wildlife Federation to conduct a study of the South China Tiger from 1990-1992. â€Å"The outcome of the survey revealed that there were about 20 to 30 South China Tigers living in the wild at that time. Therefore, the South China Tiger [was] on the brink of extinction† (State Forestry Administration, 2000). There are two different types of South C... ...te Forestry Administration, 2000). The South China Tiger is only one of several species that is endangered due to human activities. It is important for both governments and individuals to become aware of the threats that they pose to species in order to prevent extinction in the future. Without knowledge and awareness many species will meet that same fate as those of the Dodo bird and the Passenger Pigeon. However with appropriate awareness, monitoring and preservation programs it is possible for humans to prevent the complete extinction of the so many vital species and organisms that share this planet with mankind. References 1- China Action Plan for Saving the South China Tiger, Draft Outline. State Forestry Administration, P.R. China. Oct. 2000 2- http://www.5tigers.org/Research/Schina.htm. 3- http://www.home.aol.com/tigertrail/china.htm

Studying Abroad Persuasive Speech Outline Essay

Introduction Attention Getter: If you want to learn about someone walk a mile in their shoes. What greater way is there to understand another culture’s point of view than studying abroad? Studying abroad is a life changing opportunity that benefits not only you but our nation and the world. Central Idea: I am going to tell you how you can during college by studying abroad. Establish Credibility: for the past couple of weeks I have been researching this topic, and because of what I have learned from this research I have decided to study abroad at some point during my college years. Preview Statement: First I will define what studying abroad is. Secondly I will discuss the benefits that studying abroad gives you. Thirdly I will talk about how affordable studying abroad is and the scholarships that are possible. Lastly I will give you a visualization. Body A. What study abroad is, well the education board for abroad defines studying abroad simply as a program in which students attend school in a country outside the United States and receive academic credit toward their major. Which here at USI, there are over 50 different countries that you could choose to study abroad in, according to the USI international website. B. Think of what studying abroad can do for your career. Studying abroad is so much fun you will forget that you are gaining academic credit while visiting another country. Not to mention the knowledge and experience that can help you succeed in future career options. The studying abroad experience is a great addition to any resume and can help you snag the job of your choice. By studying aboard it gives you that extra edge that employers might be looking for according to CNN.com. Employer’s desks are covered with stacks of applications but your experience from studying abroad will set you apart from other well quali fied applicants. C. A common myth most people think is that studying abroad is expensive, but it actually is affordable. Most students don’t believe that they can get scholarships for study abroad. In 2007, the House of Representatives passed a bill that would add more than $80 million every year to study abroad scholarships according to Hose of Representative members Salisbury, Umbach, and Pauslen. Most students look  for financial scholarships, when they should be looking for ability based scholarships. Lots of money goes untouched and there are a lot of scholarships for everyone going abroad, even professionals, according to Kruempelmann . Here are some tips that you can follow on slide 6 here. D. Try to picture a world where people are not allowed to leave the country that they are born in. Imagine the consequences we would face if we ignored the world around us. Lack of knowledge and understanding of other cultures could lead to disaster. Every culture benefits from the values, beliefs, traditions, and experiences of other cultures. The world is a better place when there is understanding among different cultures. Therefore, if you study abroad you can be an essential part of keeping the world together. Conclusion A. The rising benefits of studying abroad are undeniable and affordable! Going to a different country can be scary, but it can also be fun! You learn a different culture, language, and view on the world. There will be so many stories that you will never forget about from your time abroad. You will not regret it. B. I leave you with this quote from Henry Miller â€Å"One’s destination is never a place, but a new way of seeing things.

The Effect of Music in Students - 775 Words

â€Å"Music is an important and extremely useful tool in the way we learn and to deny its power is a waste of a truly wonderful resource† (Kristian David Olson). Many researches have shown that music can have an affect on a variety of different conditions, including; ones’ education, social connection, and mental healing. Educationally, music can prepare your brain for superior achievements. In effect, this can cause a better understanding of mathematics and language skills or abilities. Socially, music can help build ones’ character, self confidence, and also give a feeling of belonging. In other words, music can help build on the social aspects of students. One other way music has an effect is in mental healing. Scientific studies has shown that music therapy can result in a positive change on the body, mind and spirit of students. To begin with, music can add an educational value to students everyday. To show this in an example, we can use the research found by the National Center for Educational Statistics Morrison (1994). This research reported that on a sample size of 13,327 sophomores in high school those who were actively participating in a musical program expressed higher grades than those who were not involved in a musical program (Donald A. Hodges and Debra S. O’Connell). One way we can show that music can increase grades and achievements in students is in mathematics. Students that are participating in music not only perform better on mathematical assignments, butShow MoreRelatedMusic And Its Effects On Students2567 Words   |  11 Pagesâ€Å"Music has charms to soothe a savage breast, to soften rocks, or bend knotted oak†- William Congreve(Free 492). As William Congreve, English playwright and poet, said, music has the potential to do the impossible. Although music has this power, sc hools across the nation struggle to see the importance of art and music programs, as well as the benefit for students these expressive classes provide. The benefits include a better performance in projects and homework, a better work ethic, and a betterRead MoreMusic And Its Effect On Students1202 Words   |  5 PagesMusic is a defining element in cultures around the world, and people are surrounded by it. It appears in movies, sporting events, nature, and important ceremonies. Even though music is an important element of society and everyday life, it is starting to decline in the nation’s schools. Although music does not seem as important as other core classes such as math and English, it is often forgotten that music impacts students in ways that applies to their core classes. From a young age, music developsRead MoreThe Effects Of Music On College Students Essay1470 Words   |  6 Pagesstress, stress is especially apparent in college students. According to the National Alliance on Mental Illness, the country’s largest grassroots mental health organization, rates of anxiety and depression have skyrocketed in what many are calling a crisis of mental health on college campuses. More than 5 million college students struggle with mental health (Heck). Because of this, it is pertinent that one finds healthy coping mechanisms. Music is a plays a large part in every culture. No matterRead MoreThe Effects Of Music Programs On Students1246 Words   |  5 Pagesof reading music, and playing an instrument has proven to be beneficial to the learning curb in students including those of little to no background in a literary education to students in college. However, there are schools in America where music isn’t offered. Having a music program could create improved grades, memory, concentration, and quicken the learning process of literacy, but it is believed that music isn’t for everybody. Many parents and administrators believe that music is just a wasteRead MoreThe Effects Of Music On Young Disabled Students2863 Words   |  12 Pagesskills of young disabled students is fundamental in the special education field. Different methods and tools have been used to achieve these things, such as painting, physical exercise and music. The latter is considered one of the most effective ways to improve the skills of young students with special needs (Brown Jellison, 2012; Darrow, Standley, Swedberg, 2007). Since 1988, various researchers have investigated the effectiveness of using music with disabled students. For example, in1996, aRead MoreBurgess, Melinda, and Sandra Burpo. The Effect of Music Videos on College Students1100 Words   |  5 Pages Burgess, Melinda, and Sandra Burpo. The Effect of Music Videos on College Students Perceptions of Rape. College Student Journal 46.4 (2012): Academic Search Complete. Web. 27 Feb. 2014. Basically, the article is divided into three parts. The first part grouped evidence from several studies about the widespread of women’s portrayal as degraded sex objects in music videos of most types. Then the second part discuss theRead MoreHow Does Playing Music While Studying Relate to College Students Gpa?1746 Words   |  7 PagesAbstract Students have the ability to play music while they are studying. Studies have shown mixed results when it comes to listening to music while studying. This present study examines the differences in music listening habits while studying of students with low and high GPAs. Students with low GPAs did not listen to music more than students with high GPAs while studying. However, when listening to music while reading was examined, there was a difference between low and high GPA students. StudentsRead MoreMusic Vs. Classical Music916 Words   |  4 PagesClassical Music How often do you listen to music while you’re studying to try to make the task more entertaining? Students regularly listen to music while studying as a way to help them stay engaged in studying (Beentjes, Koolstra, van der Voort, 1996). Well, based on what music you listen to, you may actually be hindering yourself rather than helping. When students listen to classical music while they are studying it has many beneficial effects. It has positive body influences, it activatesRead MoreThe Effect Of Background Music On Short Term Memory1393 Words   |  6 Pages The Effect of Background Music on Short Term Memory Jiayi Shi Arizona State University Abstract The intention of this study was to examine the relationship between the different types of background music and people’s abilities to memorize and retain information. There are 18 participants in the experiment. They were asked to memorize and recall the given word lists with different background music. The result indicates that it’s easier for the participants to memorize word lists whileRead More Musics Effect on Intelligence Essay1194 Words   |  5 PagesMusics Effect on Intelligence Music is said to affect the intellect of humans in several different ways. Specifically, it is said to affect infants more than any other age group. Music can improve learning skills, test taking skills, concentration, heartbeat, and relaxation. Music has been proven to offer several benefits for infants, young children, young adults, as well as for adults. With all of this in mind, how can one connect music with intellect? Many recent research studies focus