Christian Philosophy Reflection Essay

†¦Ã¢â‚¬ ¦Life is like a blackboard. It’s empty in the first place, so we need to fill it whatever we want but with a virtue. We are not born a purpose, we live for a purpose. So go ahead and write something on your blackboard†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Human is like a crown? Why? Same as a crown, human also have gems that representing, reflecting, radiating him with many splendored aspects and facets of being human – the physical, intellectual, moral, religious, social, political, economic, emotional, sentient, esthetic, sensual and sexual. Those splendored personalities are gifts given by our creator that we should to cherish and nurture. At the same time, those aspects were bestowed on man for the purpose to serve for the betterment and perfection not only for an individual man but for all humanity. For on the day of final reckoning, God will judge man not according to his gifts, possessions, positions but according to his works. As we strive for our existence and destiny which is HAPPINESS, we are also striving for our dignity to be dignified to make it worthy, because dignification without dignity is baseless. These existence of ours acquiring knowledge in the first place is called Essentialism that we could used to act and to develop His gifts for the betterment or add anything to it. This chapter really taught me: Why we are here? What is the purpose of our existence? That gives a clear view and a guide in what to do in my daily lives. I could move with a greater focus and clarity everyday of my life. My objectives, plans, and goals will be easy for me now to accomplish through applying this purpose to one of us. While striving for it, we’ll just need to ask some guidance and help from Him that He will always there in our daily struggling. In addition, we need also to act upon His accordance, doing good deeds and right actions with a virtue. We need to love His other creation same to how we love ourselves such as plants, animals and our mother Earth. We’ll just need to show care and kindness such as not throwing trash anywhere, by planting trees and by prohibiting people to strictly avoid hunting any kinds of animals. It helps me also to be more faithful to  God, to be thankful to Him that He gives us a very beautiful life and splendored body. To give Him thanks, I just need to nurture and develops His gifts to us by helping other creation of God and not to abuse it. These topics really reflect to me that should also read by all students to enlighten them and may use this as their guidance in life. We just keep on love, trust and faithful to HIM- our creator, GOD.

Domus Aurea and the Innovations in the Roman Art Essay

It seems reasonable then to assume that where researchers find evidence of striking artistic innovation in the city of architecture, Nero is to some extent responsible, for the radical improvement of aesthetic quality is considerable. Art historians are agreed that the only major innovation found in the Domus Aurea, is the use of vault mosaics. In AD 64 a devastating fire swept through the capital of the Roman Empire, leaving swaths of the city center smoldering and uninhabitable (Gates 362). Emperor Nero took this opportunity to build a vast, luxurious residence and landscaped parkland called the Domus Aurea, or Golden House. Later, Nero’s critics found several features of the place symbolic of his megalomaniacal self-indulgence, including its artificial lake, the 100-foot-tall statue of the emperor, and rooms with revolving mechanisms. As part of his general reconstruction of Rome Nero could have had the idea of embellishing the central area with parks, groves and fountains. Here in his complex of imperial buildings he could hear audiences and do business, while his people would have access to him and to some of the buildings and grounds. Nero’s comitas and popularitas must be remembered: he was not a man to deprive his public. Shortly before the Fire he held a public banquet in which he extended to the people pleasures normally confined to the few. Tacitus sneer on this occasion, He â€Å"used the whole city as his house† (Tacitus 417), reminds one of the squib Rome will become a house. Nero may have felt he was opening his house to the citizens, while his critics felt that he was excluding the citizens from their city. After the Fire researchers find him offering public entertainment in his Vatican circus and adjacent gardens, dressed as a charioteer and mixing with the plebs (Champlin 74). In any case, nothing suggests that Nero meant to shut himself up in the Domus Aurea. One of the problems for the Pisonian conspirators may have been that after the Fire, with his palace damaged and under reconstruction, Nero was spending his time in imperial properties that were more private, such as the Servilian Gardens. Thus the Domus Aurea Park need not have prevented movement through the centre of the city, though doubtless the routes were changed. Even on the Palatine only a cryptoporticus connected the various imperial buildings: there was no need to weld them all into one enclosed complex, and they may have been intended to remain separate. The Golden House was, nonetheless, probably an overambitious project. Observers would have gained the impression that a vast complex was in hand, because the work did not proceed area by area. Though never finished, a vast number of buildings were started all around the central lake. Nero no doubt spoke with enthusiasm of the technical marvels that were in hand. The unsympathetic may well have reacted as one scholar who wrote, ‘The Fire gave a mortally egocentric autocrat the chance to demand a unique monumental expression of what he considered his worth and position to be†( MacDonald 31). The large remains on the Oppian Hill have by now lost most of their decoration. The grand apartments have been plunged in darkness since the foundations were laid for Trajan’s Baths. Even before that, Vitellius and his wife were disappointed by the lack of decoration and the mean equipment of the palace. The Domus Aurea was left unfinished when Nero died, and the alterations made by Otho interfered with the grand architectural conception of its creator (Colin & Shotter 55). Even so, the construction and design still excite the admiration of architects and engineers by reason of the new exploitation of space and the creation of internal vistas. Two features, in particular, impress by their artistic and architectural originality: the five-sided trapezoidal court in the west wing, which was once matched by a similar one in the east wing, and the domed octagonal room in the centre with its five rooms radiating from it symmetrically. As the new excavations show, the palace originally had two floors, each of which displayed east-west symmetry and was interrupted by the two open trapezoidal courts. The two courts framed the central complex of rooms around the octagon which extended through the upper storey and could probably be viewed from the adjacent upper rooms as well as the lower ones. The octagon room thus formed the focus of the whole building. It is usually identified with the main circular dining room described by historian Suetonius (Garwood 81), though there is no agreement on what elements rotated. It is notable, however, that the inside of the dome shows no traces of decoration, and that the water that rain into the room to the north came in at a steeper gradient than would be necessary for a nymphaeum. Hence the suggestion that some of the water turned a device suspended through the opening in the dome, representing the changes of seasons on the vault. The two grooves on the outer surface of the dome will have served as tracks for the suspended through the opening in the dome, representing the changes of seasons on the vault. The two grooves on the outer surface of the dome will have served as tracks for the suspended device. Whatever the explanation, the study of the Domus Transitoria and the Domus Aurea shows, to an even greater degree than our examination of the coinage, that Nero was an enthusiast who threw himself into grand projects and put at their service the latest Roman technology and the most advanced artistic ideas. Nero’s zeal for the arts, however, did not stop at patronage and planning. If his aim of professional performance was more acceptable to the Greek way of thinking, his desire to achieve that standard in all the arts at once would strike even a Greek as absurd. Finally, the Domus Aurea presents a wealth of architectural innovation including an exploitation of the dome to crate a new conception of internal space. Another dome that employed a similar type of buttressing wall but in a more systematic manner occurs in the octagonal room of the Domus Aurea (Turner 89). The vaults around the octagonal room were combined in a way to create a very clever series of well lit rooms. It was one of the most inventive uses of vaulting yet created by the Romans and one that ushered in a new way of thinking about light and space. It also created new structural issues to be resolved. Like the Mercury dome, the octagonal dome at the Domus Aurea was built within other vaulted structures, the walls of which provided buttressing for the support structure. The most innovative aspect of the design was the way that light was brought in above the haunches of the octagonal vault by means of clerestory windows. As result of the configuration, the dome had to be quite thin if there was to be enough space at its haunches for the clerestory lighting into the adjacent rooms. The structural resolution was a more elegant form of the one employed at Baiae. The octagonal dome was buttressed with a series of eight triangular piers, each constructed above one corner of the vault so that the clerestory windows could fit between them. At the Domus Aurea octagon, the buttressing walls on the extrados of the dome were used to accommodate windows in the haunches, which was possible because of the support from the surrounding structures but also which precluded the use of continuous step-rings. On the other hand, in the Fourth Style or intricate style, a taste for illusionism returned once again. This style became popular around the time of the Pompeian earthquake of 62 CE (Stewart 81), and it was preferred manner of mural decoration when the town was buried in volcanic ash in 79. The earliest examples, such as Room 78 in the emperor Nero’s fabulous Domus Aurea, of Golden House, in Rome. Although the Fourth Style architectural vistas are irrational fantasies. The viewer looks out not on cityscapes or round temples set in peri-styles but at fragments of buildings – columns supporting half-pediments, double stories of columns supporting nothing at all – painted on the same white ground as the rest of the wall. In the Fourth Style, architecture became just another motif in the painter’s ornamental repertoire (Strong, et al. 104). In the latest Fourth Style designs, Pompeian painters rejected the quiet elegance of the Third Style and early Fourth Style in favor of crowded and confused compositions and sometimes garish color combinations. The Ixion Room of the House of the Vettii at Pompeii was decorated in this manner just before the eruption of Mount Vesuvius. The room served as a triclinium in the house the Vettius brother remodeled after the earthquake. It opened onto the peristyle. The decor of the dining room is a kind of resume of all the previous styles, another instance of the eclecticism noted earlier as characteristic of Roman art in general. The lowest zone, for example, is one of the most successful imitations anywhere of costly multicolored imported marbles, despite the fact that the illusion is created without recourse to relief, as in the First Style. The large white panels in the corners of the room, with their delicate floral frames and floating central motifs, would fit naturally into the most elegant Third Style design. Unmistakably Fourth Style, however, are the fragmentary architectural vistas of the central and upper zones of the Ixion Room walls. They are unrelated to one another, do not constitute a unified cityscape beyond the wall, and are peopled with figures that would tumble into the room if they took a single step forward. Among the varieties of pavement-decoration with which Fourth Style paintings were combined, the commonest remained black and white mosaics or mortar decorated with insect tesserae – simple types suitable to offset the polychromy of walls and ceilings. But this period also sees more examples of opus sectile in coloured marbles, used both for emblemata and in grander houses for whole floors. Such pavements accorded with the more showy side of Fourth Style taste and were clearly prized as status symbols. As in previous periods, so in the Fourth Style decorative ensembles usually show attempts to harmonize the treatment different surfaces within a room (Clarke 166). The most striking gestures in this direction were the increased use of single-color schemes. Already foreshadowed in the late Third Style, these were much favoured in the Fourth Style for the finer rooms of the house, notably dining and reception rooms. The Fourth Style period is especially fruitful for the study of the interaction of the different media. Researchers find painting working in close relationship with both mosaic and stucco-work in order to produce the ornate effects which were currently in favour, and not surprisingly the close relationship resulted in a good deal of murual influence. Perhaps also emanating from the Neronian court (the first datable instance is to be found in the earlier of the two palaces) is what became known as fourth-style Romano-Campanian wall-painting, which combines the architectural illusionism and colour experimentation of earlier styles into a theatrical, even surrealistic design. The fourth Style apparently died of exhaustion about the end of the century. With it the great age of Roman wall-painting came to an end. The future was to produce some interesting and not unattractive work, but the creative thrust of the late Republic and early Empire was dissipated in a series of revivals and counter-revivals which never fully recaptured the enthusiasm of the initial period. Each of the four Pompeian Style had offered something new and stimulating; the First had taken the Hellenistic Masonry Style of interior decoration and turned it into bright patterns of abstract block work; the Second had opened up the wall with grand illusions of painted architecture; the Third had closed the wall once more and put emphasis on a framed picture-panel, complemented by fine, coloristic surface-ornament; and the Fourth had reintroduced architectural illusionism but substituted lightness and fantasy for the solidity and logic of the Second Style. These development had been spearheaded by painters working in Roman Italy, and they had turned wall-painting from the poor relation of panel-painting into the most vigorous and important branch of the pictorial arts. By the second century A. D. , however, the inventiveness of Roman-Italian wall-painting was declining, and the focus of interest switches to other regions and to other media. Roman builders not only developed the arch, vault, and dome but pioneered the creative use of concrete. These innovations proved revolutionary, allowing Romans for the first time to cover immense interior spaces without inner supports. Recent scholarship on the Domus Aurea complex has suggested that the true novelty of this complex was neither in the technical innovations lauded by some architectural historians nor in its luxurious decorations but rather its scale and location. Works Cited Champlin, Edward. â€Å"Nero. † Cambridge, Mass. ; London: Belknap, 2003. Clarke, John. â€Å"The Houses of Roman Italy, 100 B. C. A. D. 250: Ritual, Space, And Decoration. † University of California Press, 1993. Colin, David and Shotter, Arthur. â€Å"Nero. † Routledge, 1997. Donald, Strong, Toynbee, Jocelyn, and Roger Ling. â€Å"Roman Art. †Harmondsworth: Penguin Books, 1988. Garwood, Duncan. â€Å"Lonely Planet Rome. † Footsccray, Vic. ; London: Lonely Planet, 2006. Gates, Charles. â€Å"Ancient Cities. † Routledge, 2003. MacDonald, William Lloyd. â€Å"The Architecture of the Roman Empire† : An Introduction Study. New Haven; London: Yale University Press, 1982. Stewart. Peter. â€Å"Roman Art. † Oxford: Oxford University Press, 2004. Tacitus, Cornelius. â€Å"The Works of Tacitus†: The Oxford Translation, Revised. Harper & Brothers, 1860. Turner, Jane. â€Å"The Dictionary of Art. † Grove’s Dictionary, 1996.

Mix of marketing activities

Undertaking 31 ) Mix of Selling Activities1. BrandingLets clients cognize what merchandise the company will bring forth with different manners and Sons. The definition of stigmatization is making a name, logo or a design that merely identifies and differentiate merchandise from others. Purpose: A successful stigmatization can set up trust and builds trueness between clients and the company, communicates the company values which mean the values of the company distinguish their merchandises from other rivals and the quality of their merchandises.2. E-mail sellingE-mail selling aids by directing messages via electronic mail to the clients to allow them cognize what merchandises will be sell in the market. Purpose: Provides personalized services to clients. Email selling can update clients every clip about the cargo of their purchased merchandises. Email selling besides enables to advance merchandises and services at the same clip.3. Banner advertsGraphical adverts which can be either on in writing or text messages that are shown on web pages. When clients clicked on the either of the adverts, it will travel on to new page and straight off unfastened to the advertizer ‘s place page. Banners are normally in formats such as GIF, JPEG or PNG. Banners are of import because they can advance, purchase and sell their merchandises utilizing this advert. Purpose: Banner advertisement can be used really efficaciously to advance a merchandise or service on the web. This will bring forth gross revenues when the concern is introduced to a immense audience. Banner advertizements will do more profitable for clients that have its ain alone qualities that can hike on-line gross revenues.4. CRMBesides known as Customer Relationship Manager. CRM is an information industry that provides a company utile and relevant information to clients in order to hold a good known relationship between the company and clients in an organized manner. The information provided must fit with the clients ‘ demands. Purpose: CRM has the undermentioned intents such as cognition direction which enables for employees to hold valuable information in what action to do, Database consolidation is to interact a client recorded in one topographic point to assist and advance client support service and Integration of channels and systems which is to react to clients through a channel of their pick such as electronic mail, phone and online chatting.5. Search engine optimisationSearch engine optimisation is a manner for hunt engines to happen and rank a site higher than other web sites in response to a hunt question and therefore helps clients easier to happen the site that they wanted. Purpose: Search engine optimisation will assist the site to advance their merchandises and services by seeking the company ‘s site. Every clip clients type the keyword of the site, the ranking of that site will travel higher. This will enable to utilize the hunt engine to the advantage in order to acquire needed traffic.6. Per chink advertisementPay per chink advertisement is besides known as Cost per chink or Pay per Ranking. Pay per chink advertisement allows clients to name the site that searched at the top of the hunt engine consequences by typing for the merchandises or services they wanted to utilize. The higher clients visit the site, the higher the advertizement will be shown in the list. Customers will pay when they click on and link to the site. Purpose: Pay per chink is a signifier of advertisement that engage websites with links of the company on other web sites. Every client chinks on the advert, certain of amount will be charged to the clients. This will assist the company to derive much more net income from ecommerce.2 ) Reasonable attacks to online selling activities.1. Registering with as many hunt enginesThe intent of registering with as many engines is to let holding a better line in with the hunt engine. This can be really valuable tool in seeing where to travel in spread outing the company ‘s web site into the market.2. Clear stigmatization and promotional bundlesThe intent of clear stigmatization and promotional bundles is that they give consumers a freedom of pick in taking their merchandises, offer a step of protection to clients because they can easy place the provider which they are fond of.3. Use of streamer advertisement theoretical accountThe intent of use of streamer advertisement theoretical account is to c onstruct consciousness, sell something, and thrust traffic to an advertizer ‘s web site.4. The usage of forumThe use of forum is a good manner to acquire back links and traffics but members must lend to the forum in order to be active in the site and non merely spamming the forum with the company ‘s links. Giving relevant and elaborate information, clients or members of the forum might be interested to look into out the nexus.3 ) Offline selling demands:I. Direct selling is a method where advertizers approach clients straight face to confront with the merchandises or services for roll uping an sum of information about their clients and clients. II. Mass selling is a maximal exposure of advertisement merchandises to clients. Merchandises that many people want will be introduced to a immense audience.a. MagazinesMagazines might and can be expensive but magazines are really utile because it focused on the advertisement to the clients which they might be interested to cognize about the advert.B. Direct MailDirect mail can be utile because the mail is straight sent from the company to clients instantly for their wants and demands. Roll uping information from clients by detecting references on their cheques and inquiring them to make full out information cards.c. NewslettersNewsletters presents can be really influential and powerful message to clients because it provides layout and design and they can bring forth really interesting newssheets in a really cheap manner.d. NewspapersBy puting advertizements about the company ‘s concern in newspapers can be really utile and may convert clients through the advertizements because newspapers ever have been read by people every twenty-four hours. This method is really effectual.4 ) Plan addresses both bing and new clientsIn order to retain clients online or offlines, the undermentioned factors should be taken into consideration:1. Developing profitable clientsIn order to set up profitable clients, the company must continuously be pulling new profitable clients in the industry sectors and they must besides active retain the profitable current clients and re-establish dealingss with past clients.2. Profiling clientsCustomer profiling is based on demographic, psychographic and geographic features. The description of clients must include income, business, and degree of instruction, age, gender, avocations or country of abode.3. Specifying clientsFor retaining clients, the company must specify their possible clients. To be successful, the company must be able to carry clients more easy and when the company able to carry them, it is easier clip to hold concern with clients.4. Deciding targeted groupTargeted group will be decided by the company which clients will establish on their age and gender. Each group will be able to prove their merchandises which may be a positive manner to derive client ‘s trust and do even more net income.5 ) Compile prospective clients in the groupa. Plan to turn to bing clientsI ) Offer truenessIf the company plans to do the bing clients loyal to them, they must offer them a particular deal such as take downing the monetary value in order to do them happy and loyal.two ) Tell-a-friend optionThe company can state the bing clients to advance their site and concern to their friends in order to derive more loyal clients.three ) Offer pre or station gross revenues servicesOffering pre gross revenues services to clients, the company must be able to research and program new merchandise before giving out to clients in order for them to do a suggestion and do a better merchandise for them to be happy.four ) Considerin g monetary value factors based on clients need.Reducing monetary values on the merchandises that the clients ever need will be able to retain the bing client ‘s trueness.B. Plan to turn to new clientsI ) Mailing listMailing list such as direct mail is an effectual manner to convey a message or a manner to publicize and advance a new specific merchandise to big audiences in order to derive new clients.two ) OffersOffers will be given to clients such as take downing the monetary value as considered by the company for a chosen merchandise that might acquire the client ‘s purpose.three ) MembershipsNew clients will be offered full rank for them to acquire the latest intelligence and information about new merchandises of their demands.four ) Easy payment servicesNew clients may be able to utilize their recognition cards if they are buying their merchandises online because it is easier for them to pay without any transit required.6 ) Sphere nameCompany name is called â€Å"Ar ts and Crafts online†Sphere NameTypeHandinessartzandcraftzonline.comCommercialYesfun-artsandcrafts-online.comCommercialYesartscrafts4u.comCommercialYesThe best sphere name that have been chosen is artscrafts4u.com Reasons on why this sphere name is the best:This sphere name is short and easier for clients to retrieve the site.This sphere name may be interesting for clients in order for them to see the site more frequently.The sphere name can pull clients in doing concerns.

Problems Encountered by the Students Introduction Essay

The continuous learning of students through the help of books, teachers, and even Internet is a fact which shows that knowledge still flourishes in our humanity. Life as a student is said to be fun yet also stressful. Requirements, reports, and especially examinations abound student’s life especially during the high school life. In many cases, students of today’s society are often provided with poor study skills, preventing them of all chance for a satisfying grade. Studying is a major concept of education, and if the problem continues more and more students will be rejected from opportunities they wished they’d had. Opportunities that include future education at college, a chance to gain important knowledge, or even an opportunity to receive a high-paying job. Traditionally, teachers are encouraged to believe that the learning environment must be orderly and quiet. However, more teachers are using activities occurring at the same time can make for noisy classrooms. But it would a mistake to conclude that in such classrooms student are not learning. Student that practice disruptive behavior cause disciplinary problems in the classrooms student and have negative efforts on student it may also lead to low achievement. The importance of the study emerged from the fact that the above literature indicated that classroom problems face the teachers, and try to investigate those problems in order to come up with solutions. In student’s mental abilities, teachers face in the classroom a group of students who suffer from the slow down, faltering and failure in learning and they need more time than their colleagues need to accomplish any learning task. Such students are characterized by a number of characteristics, including problems of language, oral expression, and unable to pay attention, memory problems, and the dispersal of attention. The family lifestyle and environment will put its mark on controlling the behaviors of students. Some student’s behavior can be unacceptable at school. Also, the level of behavior that is acceptable and allowed in the  family, the way the family acts with one another, leads the student to unacceptable performance in the school. Parents indirectly share in creating problems when they insist on their kid’s grades, and achievements to be always high. This lead to feeling of anger, and worry, and create student behavioral problems inside the classroom.

The Effects of the Vietnam War on American Soldiers Essay

The Effects of the Vietnam War on American Soldiers - Essay Example The South Vietnamese forces along with the United State depended on the air force and fire power with which they conducted search and destroy operations. "The Vietnam War, like the other two world wars before it, was a conflict that defined war for a generation. Unlike those previous wars, it was not fought on a broad international battlefield but rather in a narrow stretch of land far distant from America. Moreover as our study shows, it left not a single overwhelming image, but conflicting visions and meanings over which we continue to fight, though less stridently than at the height of that bitterly divisive conflict" (Wouters and Laufer 316). The United States entered the war to avoid the takeover of South Vietnam by the communist. The strategy behind this support was called containment. U.S. Military advisors arrived in 1950. In the early 1960s the U.S. involvement grew and the early 1965 they deployed combat units. The involvement of the U.S. was the highest in 1968 during the Tet Offensive. Later U.S. forces withdrew under a policy called Vietnamization, as South Vietnamese troops were armed and trained. The fighting in Vietnam continued even after a peace treaty was signed by all parties involved in January 1973. The U.S. Congress passed the Case-Church Amendment in June 1973, responding to the anti-war movement. The Case-Church Amendment banned U.S. Military intervention. North Vietnam captured Saigon in April 1975. In 1976, North Vietnam and South Vietnam were reunified. The Vietnam War had a huge impact on the culture, foreign relations and politics of the United States. The American citizens were very upset over the government's justification for the war and the means of fighting used. The war encountered a large human cost, which included the loss of 58,159 U.S. soldiers. The Vietnam War did not only result in the loss of life of American soldiers. The war had lasting effects on the soldiers who were in Vietnam. The soldiers not only suffered physical pain and injuries, they also suffered many psychological disorders. The fact that their own country men had turned against them affected the soldiers psychologically and emotionally. "Going to war creates a gulf between the warrior and his fellow citizens who have not directly experienced warfare" (Wouter and Laufer 40). The effects on the psychic of the soldiers were devastating up to the extent that they also stared committing suicide due to depression. The soldiers also faced problems which had lasting effects, these included drug addiction and the effects of Agent Orange on the soldiers and their children. "With the Vietnam war came widespread drug use, anti-military activism, racial tensions and increasing crime, all of which debilitated the training and readiness of the U.S. forces" (Baker 64) . Soldiers faced extreme conditions like hunger, fatigue, diseases and the like. Due to the intense conditions the soldiers faced in Vietnam, war memories were not forgotten easily. This resulted in a psychological disorder called delayed stress syndrome, which is described as extreme stress or even disorder of the brain caused by shocking memories of the past. Studies show that almost 15 per cent of the 3.3 million Americans who were a part of the Vietnam War were diagnosed with delayed stress sy

Why Mainstream Social Networks Complicate Our Identities Research Proposal

Why Mainstream Social Networks Complicate Our Identities - Research Proposal Example All aspects of the environment were perceived as threats due to the relatively untrained and primordial perception and capacity of the early inhabitants. In the first stage, the social consciousness of the people was centered on the tribe as the singular commune existing in their periphery. Posner (1) maintained that during the early times, thinking outside the delimitations set by the tribal unit, practice and tradition is akin to modern-day treason. As such, the mindset of the early civilizations with regards to social acuity has been primarily limited to the concept of a tribe. The second stage is marked by the enlightenment of the individual as they began to have a more profound understanding of their environment and how they can suit their needs according to the change in times. Posner (2) argued that during this stage, people began to engage themselves into their surrounding thereby formulating smaller groups in their community. During this time, tribe members also started to i nteract with other members of neighboring tribes signifying the beginning of trade and commerce. Due to the awakening, the early people began to notice an opportunity to improve their way of life by mastering his environment and becoming an active player in the communal exchange. This then became the catalyst that spurted man’s ingenuity to discover matter and manner that went on well through time. The third stage is the mental stage characterized by people’s accumulation of knowledge and a keen mastery of his way of life. A system of education is likewise formed where the past is ultimately utilized as the main yardstick for future endeavors. Also, this stage is marked by advancements the systems of economy, politics and social interactions. Developments in science, communications, and technology likewise exemplify this stage. In this regard, people became more sophisticated with innovative types of machinery, gadgets and systemic processes.

International finance Essay Example | Topics and Well Written Essays - 1250 words

International finance - Essay Example receiving 51.5 million USD, it is forced to pay 1 million USD to the counterparty to settle the forward and this means it will only keep (51.5 million – 1 million) = 50.5 million USD. The company would have gained if the rate went against the forward rate by an equal margin of 0.02 USD/Euro. A forward contract essentially locks in the exchange rate, no matter what happens, and depending on which way the market subsequently moves it can be beneficial or detrimental. (a) Intrinsic value of a call option may be calculated as; In the case of a Call Option:  Ã‚  Ã‚  Ã‚  Ã‚   Underlying Price  - Strike Price = Intrinsic Value. Therefore, the intrinsic values of the stocks priced at $55, $50, $45 will be as follows; As can be observed from the table, the intrinsic value of the call option with a strike of $50 remains at zero until the stock starts to trade above the strike price. The call intrinsic value is greater than zero; therefore, it rises and continues rising as the stock starts to move away from the strike price to the upside. Which is; (0.06-0.05)*(90/360)*1 million = $2,500. This interest saving of 2,500 will not come until the end of the 90-day LIBOR or Loan period. Therefore, the value at settlement is calculated from the present value of these savings; If the floating rate happens to be less than the forward rate, the result will be, negative meaning the long will pay the short; this also happens when the current rate is less than the contract rate (Scott & Wellons 1995). Hence, money may be lost since borrowing could only technically take place at lower rate with the present rates than it is possible with contract rates. (a) The annual interest rate in the UK is 6.5% while that in the US is 5.2%; the interest rate in the US is lower than that in the UK by (6.5-5.2) = 1.3%. A reduction or lower interest rate will mean that the demand for US goods will be lower as compared to those of the UK goods by a percentage of 1.3%. This means a depreciation of the