Assignment 1 Answers free essay sample

An American call choice gives one the right, yet not a commitment, to purchase a predefined number of portions of a stock at a predetermined cost called exercise or strike cost before the development date or on the development date (a future date). In contrast with European alternatives, American choices can be practiced before the development date. 2. Characterize Skewness and Kurtosis and furthermore clarify why these are useful10 pts Answer Skewness and Kurtosis are proportions of scattering of the information around its mean as they measure state of likelihood appropriation. Skewness gauges the level of asymmetry. Its worth ranges somewhere in the range of 0 and 1, where 0 suggests evenness (ordinary conveyance). A positive skewness demonstrates a generally long right tail and the other way around. Kurtosis demonstrates the degree to which likelihood is moved in the inside and the tail of the circulation. An estimation of 3 shows ordinary dispersion, while an estimation of K gt; 3 demonstrates substantial tails. The skewness and kurtosis of an irregular variable are Sk (n,p) = E {X †E(X)}3/? 3 and K = E {X †E(X)}4/? 4 3. Peruse Sewell (2011) paper and . characterize schedule impacts, and b. talk about quickly seven distinctive schedule impacts recognized in writing (your answer will not surpass one page) 30 pts Answer a. Schedule impacts are seen as repeating oddities in returns, where the recurrent examples in information can be credited to change in volume and movement during certain timeframes. For example intraday impacts, the end of the week impact, the Monday impact, intra-month impacts, the January impact, occasion impacts, the Halloween marker and the sunshine sparing peculiarity. The most significant schedule abnormalities distinguished by Sewell are the January impact and the end of the week impact. b. There are a few unique kinds of schedule impacts distinguished in writing. * Intraday impacts are known to exist, * the end of the week impact appears to have everything except vanished, * intramonth impacts were found in many nations, * the January impact has divided, and * occasion impacts exist in certain nations. Halloween Indiactor: an exchanging procedure of strategic resource distribution dependent on the familiar adage * ‘sell in May and go away’ created anomalous returns in correlation with securities exchange files in many nations * Daylight Saving Effect: Daylight-sparing ends of the week are ordinarily trailed by huge negative profits for money related market lists (around 200 to 500 percent in contrast with end of the week impact), and analysts contend that the impact could be a direct result of changes in rest designs. Part II: R-Cod e Programming 1. A R software engineer ran the accompanying code and he/she got a blunder message. ) gt; testnorm lt;- rnorm(1000) gt; hist(testnorm, prob = TRUE) gt; mu lt;- mean(testnorm) gt; sigma lt;- sd(mynorm) Error in sd(mynorm) : object mynorm not discovered b) gt; x lt;- seq(- 4, 4, length = 1000) gt; y lt;- dnorm(x, mu, sigma) Error in dnorm(x, mu, sigma) : object sigma not discovered c) gt; lines(x, y, col = ‘blue’) Error: surprising contribution to lines(x, y, col = ‘ Please show for each situation what caused the mistake in order if conceivable compose the necessary remedy for the code. 20 Pts a. Answer: The variable mynorm should be made before utilizing in an order. Here the variable we made is testnorm, which is utilized in the count of mu and same variable can be utilized (or renamed) in sigma (SD) computation. Rectification required here is gt; sigma lt;- sd(testnorm) Or on the other hand gt; mynorm lt;- testnorm b. Answer: Same as over, one needs to ascertain sigma and mu before executing the subsequent order line. One needs to include the accompanying code lines. x lt;- seq(- 4, 4, length = 1000) mu lt;- mean(x) sigma lt;- sd(x) y lt;- dnorm(x, mu, sigma) c. Answer: One needs to determine quotes â€Å"† around the alternative ‘blue’ lines(x, y, col = â€Å"blue†) . Do the accompanying utilizing R and connect a printout of diagrams and codes utilized in analysis30 pts You may present a high contrast printout of the chart on the off chance that you don't have a shading printer, however code is required as it will check the orders utilized for shading the diagram. a. Download the manual and information for Time Serie s Analysis with R, Part I by Walter Zucchini, Oleg Nenadi? for reference as you may require it to finish the task. http://www. statoek. wiso. uni-goettingen. de/veranstaltungen/zeitreihen/sommer03/ts_r_intro. pdf b. Download information document tui. ip from the site given in manual http://134. 76. 173. 220/tui. zip and read it in R utilizing suitable code. c. Record last three digit of your understudy ID number __ on the off chance that you are working in a gathering, simply utilize the gathering # rather instead of last digit. d. On the off chance that the last number of the three numbers composed above to some extent ‘c’ (or your gathering number) is: I. Indeed: plot a line diagram of arrangement in second section utilizing red shading [warning: don't do this if the number is odd, rather do (ii)]. Name your chart fittingly ii. On the off chance that your last digit isn't (is odd rather): Plot a line diagram of arrangement in third segment in blue shading. Mark the diagram properly. For Even Number in (c) tui lt;- read. csv(C:/ratsdata/tui. csv, header=T, dec=,, sep=;) plot(tui[,2], type=l, lwd=2, col=red, xlab=time, ylab=opening values, main=Any Title, ylim=c(0,60) ) For Odd Number in (c) tui lt;- read. csv(C:/ratsdata/tui. csv, header=T, dec=,, sep=;) plot(tui[,3], type=l, lwd=2, col=blue, xlab=time, ylab=high values, main=Any Title, ylim=c(0,60) ) |

Mechanics: Statics And Dynamics :: essays research papers fc

Mechanics: Statics and Dynamics Chapter by chapter list INTRODUCTION.........................................................1 Part I. General Principles........................................2 I. Frameworks of Force.........................................4 II. Stress..................................................6 III. Properties of Material.................................7 IV. Catapulted and Welded Joints................................10 V. Shafts - A Practical Application.........................13 VI. Shaft Design.............................................17 VII. Torsional Loading: Shafts, Couplings, and Keys........19 VIII. Conclusion............................................20 BIBLIOGRAPHY.........................................................21 Presentation      Mechanics is the physical science worried about the dynamic conduct of bodies that are followed up on by mechanical unsettling influences. Since such conduct is associated with for all intents and purposes all the circumstances that stand up to an architect, mechanics lie at the center of much building investigation. Truth be told, no physical science assumes a more noteworthy job in building than does mechanics, and it is the most seasoned of every single physical science. The compositions of Archimedes covering bouyancy and the switch were recorded before 200 B.C. Our cutting edge information on gravity and movement was set up by Isaac Newton (1642-1727).      Mechanics can be isolated into two sections: (1) Statics, which identify with bodies very still, and (2) elements, which manage bodies moving. In this paper we will investigate the static component of mechanics and talk about the different kinds of power on an item and the distinctive quality of materials.      The term quality of materials alludes to the capacity of the person portions of a machine or structure to oppose loads. It likewise allows the choice of materials and the assurance of measurements to guarantee the adequate quality of the different parts. General Principles      Before we can dare to clarify statics, one must have a firm handle on traditional mechanics. This is the investigation of Newton's laws and their augmentations. Newton's three laws were initially expressed as follows:  â â â â 1. Each body proceeds in its condition of rest, or of uniform movement in an orderly fashion, except if it is constrained to change that state by powers intrigued on it.  â â â â 2. The difference moving is corresponding to the intention power intrigued what's more, is made toward the path in which that power is intrigued.  â â â â 3. To each activity there is constantly restricted an equivalent response; or the common activities of two bodies on one another are equivalent and direct to opposite parts.      Newton's law of gravitational fascination relates to celestrial bodies or then again any article onto which gravity is a power and states: â€Å"Two particles will be pulled in toward one another along their interfacing line with a power whose extent is legitimately corresponding to the result of the majority and contrarily relative to the separation squared between the particles.      When one of the two articles is the earth and the other item is close the outside of the earth (where r is around 6400 km)/is basically consistent, at that point the fascination law becomes f = mg.      Another fundamental law to consider is the Parallelogram Law.

Life or something like it

Life or something like it Sometimes I secretly wish for exciting things to happen to me so that I can write some sort of blazingly exotic blog entry full of exclamation points and intruige. But alas, my life is full of the same sorts of things every day: School. Drop Date, the last date undergraduates are allowed to drop a class without penalty, was last Wednesday, so Im in all my classes for the long haul. (Truth be told, Ive never dropped a class here. But its kind of nice to know that I can until almost three-quarters of the way through the semester.) Most of my classes are going along swimmingly; for example, we had a great discussion in 7.31 (Current Topics in Mammalian Biology) about stem cell research with Professor Jaenisch, who is basically one of the gods of stem cell research. The man is a pioneer in his field, is routinely quoted in the New York Times, and he knows my name. So cool. Work. My postdoc and I are trying to finish some experiments with publication-quality data by Christmas so we can hopefully get published by the time I graduate. Luckily Ill be at the lab 40(+) hours a week during IAP, so whatever doesnt get finished before Christmas can definitely get finished in January. I have a lot of neurons to image on the confocal microscope between now and Christmas. Cheerleading. We have three basketball games to cheer for this week (one was tonight). I went straight from the lab to the game, and changed into my cheerleading uniform in the lab bathroom. Of course, according to Murphys Law, I passed two professors in the hallway after changing into my uniform. Sweet. Christmas? It was 60 degrees in Cambridge today, which makes it hard to listen to Christmas music on ones iPod. It just doesnt feel very Christmasy. Nonetheless, the intrepid Adam hung some lights so we could tool in the semi-dark. He also decorated our suite door. Grad school apps. Seven are done, one just needs about another half-hour of work (I need to look through faculty bios and pick the professors with whom I could see myself working). My transcripts are in, my GRE scores have been sent, my fees have been paid, my letters of recommendation have been sent (except for one of my writers and I reminded him nicely yesterday to GET IT DONE). Now theres nothing to do but wait. Um, boo? Thats pretty much it. But hey, Im kind of okay with that at the moment. Questions and other such things: 1. War of the Worlds. Ben forgot to mention the major plotline of the movie in which Dakota Fanning screams. A lot. Im with Ben in that I fully believe that anyone capable of planting machines in the earth a million years prior to taking over said earth would be fully capable of marching into any doctors office and raiding their stash of penicillin. Lets not even touch my pedantic bio nerd point: it wouldnt have been possible a million years ago (or, like, 100,000 years ago) to predict that the human population would have experienced such a huge population explosion. Harumph. 2. Clark notes that Christmas tree hunting would be a great deal more entertaining if the trees would just liven up a bit. I have to admit that, although Im not a fan of indiscriminately mopping living things (I am, after all, a quasi-vegetarian), it would be pretty sweet if the trees ran around a little and we could stalk the wild evergreen in its natural habitat.

Leadership Brief Abraham Lincoln - 996 Words

Leadership Brief: Abraham Lincoln One of the greatest presidential leaders goes by the name Abraham Lincoln. Throughout his lifetime, he has a wide range of different accomplishments that has affected thousands of people in various ways. Traits and qualities that Lincoln held led him to become an effective leader. In fact, Abraham knew what was best for his country that would produce the largest impact for the citizens. Literature Review To illustrate Abraham’s intelligence, he bought books to study and teach himself when he was young to become a brilliant man. With the assistance of John Todd Stuart, John let Abraham borrow books to study from to pass the bar exam. With this achievement, Lincoln had the chance to practice being an†¦show more content†¦A speech named the Gettysburg Address that Lincoln presented, which influenced America greatly. Creating the first income tax to gather money for the Union in the civil war was another accomplishment he overcame. Other items were the Homestead, Morrill, and National banking acts, as well as the first railroad bill and that would change thousands of citizen’s lives. An accomplishment that affected the U.S. was creating the US National Banking system; however, it improved the finical system. The Homestead Act- this presented the chance to lower or no cost to family who wanted to own land. Not to mention, when Lincoln proved this act it shows that he cares about all citizens no matter what finical status they are. In fact, Abraham had a multitude of different key traits, strengths and qualities that throughout his life guided him to success. Having the leadership skills that he had, greatly improved every task, he did throughout his career. Skills such as these improved the trust of citizens and working together with other government offices to improve the United States. Another qualities and trait that thousands of people noticed were listening to others and the ideas that they thought of. Not to mention, Lincoln did this for the reason that, it gained the respect from others and what they believe and determine their thoughts may actually improve the situation. In addition, he learned what his job in a quick

Death, Be Not Proud by John Donne - 755 Words

In John Donne’s sonnet â€Å"Death, Be Not Proud† death is closely examined and Donne writes about his views on death and his belief that people should not live in fear of death, but embrace it. â€Å"Death, Be Not Proud† is a Shakespearean sonnet that consists of three quatrains and one concluding couplet, of which I individually analyzed each quatrain and the couplet to elucidate Donne’s arguments with death. Donne converses with death, and argues that death is not the universal destroyer of life. He elaborates on the conflict with death in each quatrain through the use of imagery, figurative language, and structure. These elements not only increase the power of Donne’s message, but also symbolize the meaning of hope of eternal life as the†¦show more content†¦Here death is actually more pleasurable than sleep, and that many people are ready to embrace death in looking forward to eternal life. The third quatrain outright mocks and belittles death’s power, and it again is personified by Donne. Here the personification of death weakens the idea of death to a mere â€Å"slave to fate, chance, kings, and desperate men,† and reinforces that death has to play by the rules just like mortals (Donne 1100). Death is being controlled by many forces that have authority over who, how, and when death may do its job. This argument takes away death’s mystery by making death mortal, which is neither threatening or in control of anything. Donne puts death’s domain in the gutter among â€Å"poison, war, and sickness†, and so all should be treated with equal scorn and disrespect. The power of death is again disregarded when Donne states â€Å"And poppy or charms can make us sleep as well† (Donne 1100). He compares death to charms and drugs, which are simple things to help bring sleep to people â€Å"as well†(Donne 1100). Also he illustrates tha t death does not measure up to â€Å"charms† and â€Å"poppy† because they are the enjoyable experience of death and you can wake up from them. This proves that mortals can achieve exactly what death does, so death lost what was left of its pride. Donne patronizes death, â€Å"And better than thy stroke; why swell’st though then?† which questions and condemns any reasoningShow MoreRelatedDeath Be Not Proud By John Donne1329 Words   |  6 PagesThe progression of societal beliefs regarding our approach towards death is dependent upon the changing nature of both cultural and historical contexts. In Donne’s Holy Sonnet ‘Death be not proud’ he uses second person narration to address â€Å"Death† as â€Å"thou†, â€Å"thee† and â€Å"thy†, death is not considered conceptually but anthropomorphised as the poems fundamental pride. In ‘Death be not proud’, we see how the rumination of death is shaped by Elizabethan values. Through the subverted Petrarchan structureRead MoreDeath, Be Not Proud, By John Donne1303 Words   |  6 PagesDeath and mortality are common themes widely used throughout poetry and other numerous works of literature. As well as this, death is a common occurrence in life, and though most people refuse to accept or acknowledge it, everyone must deal with it at some point in their lifetime. Whether it be the death of a family member, friend, or the final stages of your own life you will experience death in some way. In the poems, â€Å"Death, be not proud† and â€Å"Do Not Go Gentle into That Good Night,† the speakersRead MoreDeath Be Not Proud By John Donne1908 Words   |  8 PagesJohn Donne’s poem, â€Å"Death Be Not Proud† (1633), is only one of the impressive poems in his collection: The Holy Sonnets. In â€Å"Death Be Not Proud†, Donne expresses his Anglican beliefs as he addresses death’s fraudulent image and u njustified pride. Donne’s audience is death, but his poem is also intended for its  readers, who  Ã¢â‚¬Å"some have called [death] / Mighty and dreadful† (1-2). He begins the poem with a calm, conversational tone, but becomes more aggressive and expositive as his poem progresses.Read MoreJohn Donne Death Be Not Proud Analysis799 Words   |  4 PagesIs Death the Finale? Death has always been an intriguing topic in literature. Writers have been confounded by the idea of death and the unknown afterlife for centuries. Some people believe death is the end of all things because nothing can withstand it. In John Donne’s poem, â€Å"Death, be not proud,† the poet explains his personal understanding of death and its permanence. This poem is a narrative sonnet. Although this sonnet follows the rhyme scheme of an Italian sonnet (abba cddc effe gg), it alsoRead MoreAnalysis Of Death Be Not Proud By John Donne745 Words   |  3 PagesThe Holy Sonnet, â€Å"Death Be Not Proud† written by John Donne. He was the founder of metaphysical poems in the Elizabeth period and a religious figure. A Metaphysical Poetic style maybe philosophical and spiritual subjects that were approached with reason and often concluded in paradox. Metaphysical poets examined serious questions about existence of God the Holy Sonnet 10 was one of nineteen other Holy So nnets he wrote. Donne was famous for his poems of life, death, and religion. This poem was writtenRead MoreAnalysis Of Death Be Not Proud By John Donne1488 Words   |  6 PagesThroughout his poems, John Donne uses literary devices, such as imagery and diction, to discuss an overarching theme of death along with its religious implications, done most noticeably in the Holy Sonnet â€Å"Death Be Not Proud† and the lyrical poem â€Å"Hymn to God, My God, In My Sickness.† He also elaborates on the complexity of emotion, particularly in the metaphysical love poem, â€Å"The Flea.† Donne’s witty and clever style paired with his affinity for social and religious commentary allows his works toRead MoreAn Analysis Of Death, Be Not Proud By John Donne916 Words   |  4 PagesMany fear death just simply thinking about it; however, John Donne’s persona in the poem â€Å"Death, Be Not Proud† (published in 1633) interpret death as something pleasant rat her than the absolute end. â€Å"Death, Be Not Proud† is a single stanza consist of fourteen lines, aka a sonnet, which most line contain a word with the letter t (thee, thou, and thy) addressing to death. On the surface, one may think the poem is about one approaching to death with the thought of death can intimidate them as well asRead MoreAn Analysis Of Death Be Not Proud By John Donne849 Words   |  4 PagesJohn Donne automatically tells us who the speaker is addressing in his poem â€Å"Death be Not Proud†; death. The speaker uses apostrophe and addresses death, an abstract idea, as if it were a person. The poet pretends that death is capable of understanding his feelings, as he informally confronts death and belittles him, and tells death to not be arrogant because even though some have called him mighty and fearful, he is not. People call death these things and fear him so much for no reason, becauseRead MoreDefeated by Fate: Death be not Proud, by John Donne i757 Words   |  3 PagesIs death a slave to fate or is it a dreaded reality? People differ on the opinion of death, some people view death as a new beginning which should not be feared, while many people perceive death as an atrocious monster. Death be not proud, by John Donne is a poem that challenges death and the idea of its ferocity. Donne’s work is greatly influenced by the death of his countless family members, friends and spouse. Donne was not only a poet, but he was also a priest in the Church of England, so hisRead MoreThe Rising Sun and Death be not Proud by John Donne Essay2130 Words   |  9 PagesIn this essay I will mainly focus on two poems written by John Donne, The Rising Sun and Death be not proud. These poems were written during the Elizabethan era, which was an era mainly characterized by love and colonialism, on separate terms of course. These principles often influenced poets who lived during this period. Their poetry acts as testimonies of their u nderlying thoughts and desires. Furthermore, metaphysical poets deliver a more divine and profound perspective to their poetry. Within

Oil Production in Newfoundland and Labrador Free Essays

Newfoundland and Labrador is the eastern most province of Canada. The majority of the province’s population can be found on the island of Newfoundland, as most of the province’s source of economy. As the island is located next to the Atlantic ocean, fisheries and fish products have been of the main exports for the province, yet within the last 30-40 years or so, oil has increasingly become an export that contributes to a growing provincial economy. We will write a custom essay sample on Oil Production in Newfoundland and Labrador or any similar topic only for you Order Now Exploration in Newfoundland waters first began in the 1960s although, there was no rush in finding oil in Newfoundland because at the time, it was much less expensive for oil companies to drill elsewhere in the world. Things changed in 1973 when oil prices increased dramatically and the interest in the possibility of finding oil in Newfoundland also increased. Before any oil was found, but exploration was ongoing, the provincial government of Newfoundland set up a series of regulations on how oil resources were to be developed in the event of discovery, to ensure the maximization of local benefits. In 1979, the Hibernia oil field was discovered, proving that Newfoundland and Labrador had economic potential in the oil industry (Fusco, n. d. ). This discovery meant that the regulations that the provincial government created would have to be implemented. The Hibernia oil field discovery ignited a series of disagreements between the federal government of Canada and the provincial government of Newfoundland. The federal government had their own goals for development and believed that Newfoundland should not have the administrative or decision making authorities for offshore mineral resources, stating that â€Å"oil was too important of a commodity to have under provincial control† (Crosbie, 2003). This dispute resulted in years of legal battles over jurisdiction of offshore projects. In 1985 the Atlantic Accord was signed, this accord initiated a joint management system for the province’s offshore resources. The accord also included the creation of the Canada-Newfoundland and Labrador Offshore Petroleum Board (CNLOPB), a board of six members in charge of managing offshore resources on behalf of both the federal and provincial levels of government (Fusco, n. d. , Fraser, 2009) (See Appendix A for more information on the CNLOPB). Hibernia finally began its oil production in 1997 followed by three more oil field productions; Terra Nova in 2002, White Rose in 2005 and Hebron, which is expected to begin production in 2017 (See Appendix B for a map of the locations of oil fields off the coast of Newfoundland). This case study relates to Lesson 9 of the course, which looks at Energy resources that could be found in Canada. Challenges and Opportunities Nearly twenty years passed after the Hibernia oil field was discovered before any official production was made. This demonstrates the magnitude of difficulty the province of Newfoundland experienced just to begin to have oil as one of their main exports. The regulations that Newfoundland and Labrador had implemented after the discovery of Hibernia clearly conflicted with the plans of the federal government, which were to increase profits that would benefit the government of Canada as opposed to the people of Newfoundland. The government of Canada wanted to gain an equity stake in the project with increased royalties during times of high oil prices. Newfoundland’s regulations also limited benefits for the oil companies that would be drilling in Hibernia stating that the province was asking for too much and that the companies wanted a fair share of the benefits. Another large obstacle and devastating event surrounding Hibernia, was the sinking of the Ocean Ranger drilling unit, which not only sank completely, undoing all the work that had been done but also resulted in the death of all 84 crew members (Collier, 2010). Investigations later revealed that there were construction flaws and that the crew lacked appropriate training and equipment in the event of an emergency. After this disaster, it was decided that Hibernia would be a Gravity Base Structure (GBS), which is an oil platform that is held in place by gravity. Even more challenges were faced with this decision because many of the engineers that worked on the GBS had little experience in this type of structure. Additionally, due to the complicated nature of this project, most of the workforce came from other countries who had more experience which ultimately resulted in less jobs for locals (Fusco, n. d. ). In regards to the environment, oil production in Newfoundland waters, although it may serve as economic gold, also brings the possibility of environmental destruction for the ocean. Since fisheries and fish products are some of Newfoundland’s main exports, the fear that exploration and drilling in important areas of fisheries may interfere or damage the overall marine ecosystem is an important challenge. Furthermore, oil spills continue to be one of the oil industry’s largest environmental hazards. Not only would the marine ecosystem be affected but any life surrounding the ocean would be permanently damaged (Higgins, 2011). Despite the overwhelming challenges, the overall opportunities that offshore oil production would bring to the province of Newfoundland and Labrador would be worth all of the difficulties. This venture would serve as a boost in the province’s general economy which was particularly helpful during the 1990s after the cod fishing industry took a dive for the worst (n. a. , 1998 Fisheries). Not only would the economy be benefitting but the local people would also have new opportunities for employment. All of the challenges that the government of Newfoundland faced in the development stages of this venture ultimately gave the government the experience it needed in order to maintain, control, and manage all future oil field developments. This can be seen in the quick and effective development of the Terra Nova and White Rose oil fields. There are other issues surrounding the Hebron field, for example, the type of oil that is found in that location is particularly difficult to extract. These issues are part of the reason as to why oil production at Hebron is scheduled to only begin in 2017 (Fusco, n. d. ). Case Lesson Connection In Lesson 9 of the course, it is discussed that crude oil and petroleum contributes to about 31. 3% of the country’s energy resources (Mulrennan, Lesson 9, slide 7). Although Alberta has about 39% of Canada’s remaining conventional oil reserves, Newfoundland and Labrador offshore developments come second with 28%, not including the oil sands in Alberta, which in that case would account for over 95% of oil in Canada (National Energy Board, 2007). The case study which was examined in Lesson 9 looked implicitly at oil sands in Alberta, in particular, how the extraction of this type of oil is devastating for the environment. Development in Newfoundland is also not environmentally friendly, since drilling in the ocean results in the destruction of certain marine habitats. The threat of possible oil spillage that also continues to be an issue. However, both Alberta and Newfoundland and Labrador have been working to tighten regulations surrounding the environmental hazards in oil sands and offshore oil production respectively. The Alberta government has demonstrated through the implementation of regulations and outlined plans for measures in protecting the environment, as well as the CNLOPB in Newfoundland who have also instilled regulations in regards to environment protection. The benefit of having a joint management system, such as the CNLOPB is that the federal government is as involved in all issues surrounding offshore oil, including the environment (Fraser, 2009). Similarly, as per the reading for Lesson 9, the responsibility of the federal government in pollution control and environmental protection is crucial in attaining results on a national level. References 1. Canada-Newfoundland and Labrador Offshore Petroleum Board. http://www. cnlopb. nl. ca/ 2. Collier, K. (2010). The loss of the Ocean Ranger, 15 February 1982. Newfoundland and Labrador Heritage Web site. http://www. heritage. nf. ca/society/ocean_ranger. html 3. Environmental Defence (2010). Duty calls: Federal responsibility in Canada’s oil sands. Pembina Institute and Equiterre. http://www. econcordia. com/courses/environmental_issues/lesson9/PDF/ed-fedpolicy-report-oct2010-web-redo. pdf 4. Crosbie, J. C. (2003). Overview paper on the 1985 Canada-Newfoundland Atlantic Accord. Royal Commission on Renewing and Strengthening our Position in Canada. 206. Retrieved from http://www. exec. gov. l. ca/royalcomm/research/pdf/Crosbie. pdf 5. Fusco, L. (n. d. ). Offshore oil: an overview of development in Newfoundland and Labrador. Memorial University of Newfoundland. Retrieved from http://www. ucs. mun. ca/~oilpower/documents/NL%20oil%207-25-1. pdf 6. Fraser, G. S. (2009). The Canada-Newfoundland Atlantic Accord implementation act: transparency of the environmental management of offshore oil and gas industry. Marine Policy. 33(2), 312-316. http://0-dx. doi. org. mercury. concordia. ca/10. 1016/j. marpol. 2008. 07. 012 7. Higgins, J. (2011). Oil and the environment. Newfoundland and Labrador Heritage Web site. http://www. heritage. nf. ca/society/oil_environment. html 8. House, J. D. (2003). Myths and realities about petroleum-related development: Lessons for British-Columbia from Atlantic Canada and the North Sea. Journal of Canadian Studies. 37(4), 9-34. http://0-search. proquest. com. mercury. concordia. ca/docview/203556887? accountid=10246 9. National Energy Board. (2007). Canadian Energy Review 2007 – Energy Market Assessment. http://www. neb. gc. a/clf-nsi/rnrgynfmtn/nrgyrprt/nrgyvrvw/cndnnrgyvrvw2007/cndnnrgyvrvw2007-eng. html#s4_4 10. n. a. (1998) Fisheries. Newfoundland and Labrador Heritage Website. http://www. heritage. nf. ca/society/fishery. html 11. Mulrennan, M. E. (2013). Canadian Environmental Issues (GEOG 203) Lesson 9. Concordia University. Appendix A CNLOPB Organization Chart – http://www. cnlopb. nl. ca/pdfs/orgchart. pdf Appendix B Location of Newfoundland oil fiel ds – http://www. cbc. ca/news/canada/newfoundland-labrador/story/2012/05/31/nl-hebron-development-approval-531. html How to cite Oil Production in Newfoundland and Labrador, Essay examples

Culturally Groups On International Campuses -Myassignmenthelp.Com

Question: Discuss About The Culturally Groups On International Campuses? Answer: Introducation With the rapid progress of globalization, organizations are expanding their entire process of business in various geographical boundaries and locations. In order to gain the attention of customers in the international market the business experts have to deal with the people of multi-cultural backgrounds (Taylor, Nicolle Maguire, 2013). While communicating with the people the customer service providers should have multilingual flexibility, based on which they can maintain an effective conversation. In this very specific article, the author has highlighted that most of the customer service providers do not have multilingual flexibility due to the lack of proper training and development session. In this situation, the service providers have to face innumerable challenges in dealing with the customers effectively. On the other hand, in business point of view employees cannot maintain an effective rapport with each other at the workplace due to the language barrier and psychological barrier (Betancourt et al., 2016). In this kind of situation, the employees fail to share their thoughts and ideas towards reaching the business goal due to the lack of communication. Therefore, customers have to wait for long time in receiving services. The reason why Cross Cultural Communication is an ethical issue: In order to run a specific business organizations have to focus on maintaining proper ethics, values and beliefs. As per the ethical beliefs every employees should get equal priority and response from an organization (Kawar, 2012). With the progress of globalization, employees should be recruited as per skill and competency level rather than focusing on cultural and religious backgrounds and attitudes. The role of an efficient business manager should be focusing on giving equal value and priority to every single employee at the workplace. Cultural barrier should not come among the professionals while working together. The author in this very article has stated that communication barrier is one of the most significant reasons due to which business experts do not want to involve the employees of multi-cultural backgrounds and attitudes (Hurn Tomalin, 2013). As a result, employees having proper skill and competency do not get the opportunities in being associated with the business orga nization. Numerous eminent scholars have raised their voice against this kinds of ethical issues related to cross culture. Significance of the quote made by author Recent economic challenges further highlight the need for organizations to develop the internal communication capacity necessary to control and monitor external threats The recent economic challenges in the current business market again have highlighted the fact that organizations need to develop the internal communication capacity necessarily to control and monitor external threats. Volet Ang (2012) opined that customers are not from specific cultural backgrounds. Especially while receiving ecommerce services, customers by sitting at different geographical locations can easily use the services. The role of efficient customer service providers is to interact with every single customer effectively for fulfilling their needs and demands. Therefore, employees from specific cultural backgrounds and attitudes can never show their flexible approach to the customers. Automatically, people would show their reluctant attitude in using the services. Therefore, in order to control the overall external threats business experts should focus in making effective internal communication so that employees can share their views and ideas before delivering services (Pedersen, 2013). In order to become an effective service provider, employees should have a proper internal communication so that they can exchange necessary thoughts and ideas. However, this very specific article portrays that organizations have to face economic challenges and market threats due to the lack of proper communication among the employees. Significance of cultural proficiency doesn't mean memorizing every cultural nuance of every market; it's knowing when to listen, when to ask for help, and whenfinallyto speak With the help of this specific quote, the author tries to portray what should be the actual significance of rendering cultural proficiency within the organization. Ray (2014) opined that every culture and religion has its different nuance and significance. The role of a proper organization is not to memorize and prioritize the differences of various cultures at the workplace. The business experts are not supposed to identify and evaluate the positives and negative aspects of different cultures and differentiate its features in accordingly. The role of business leader is to amalgamate every employee within the organization for conducting group discussion and receive the thoughts and ideas from them. As a business expert, an individual should have the capability of discriminating when to listen, when to ask for help, and whenfinallyto speak. It is undeniable that a business expert should focus on making collective decision for providing constant employee motivation. At the same time, it is easier for the business experts in making strategic decision after gathering collective views and thoughts (Thomas Peterson, 2017). Cultural proficiency should be rendered within the business organization for increasing performance level and meeting organizational productivity. As a result, organization can reach the boundary of global customers all over the World. The reason why focus should be given on individual differences rather than promoting cultural adaptation The author in this specific article has highlighted that business organizations should change the stereotype mindset and beliefs of individuals within workplace regarding cross-cultural effects rather than focusing on promotion on adaptability of cultures. People belonging to various geographical backgrounds do not show their interest in making an effective rapport with each other. As a result, the organization has to face innumerable barriers in satisfying the needs and demands of customers (Pentina, Zhang Basmanova, 2013). This very specific study primarily focuses to improve the cultural and psychological differences of employees rather than social media promotion on cultural adaptability. However, this article has given some of the major recommendations on how a particular business organization by taking some of the most effective measures can take initiatives in changing the cultural differences among individuals. Large number of multinational corporations is there who tend to provide effective training and development session to the employees based on which an individual can evaluate their skills and level of competency. As a result, employees inside the organization can exchange their thoughts and views in order to deliver effective customer services (Stahl Tung, 2015). Only a promotion for adapting cross culture within business organization is not significant for business growth and promotion. The reason why 'Companies that are successful in communicating cross-culture have a competitive advantage' In order to survive amidst the current market threat every business organization has to focus on gaining competitive advantages. Being culturally biased is not the effective ways of expanding business and increasing the rate of target market. Large number of business organizations is there who tend to hire the employees from specific cultural backgrounds in order to maintain effective internal communication (Neuliep, 2017). The role of an efficient manager is to give equal response to every single employee from different backgrounds. Due to the individual differences, organizations do not hire employees from multi-culture. However, this very specific study has focused to make in-depth overview on how multiculturalism has a major impact on the overall process of business. However, in quest of business expansion in different multinational countries the business organizations have to deal with the people of several cultures. Customer support system has to deliver effective services to various people of multi cultures. In return, customers show their level of interest in purchasing products and services (He Vijver, 2012). Automatically the organization does not have to struggle in gaining competitive advantages. This very specific study has focused to make detailed overview on how business process can be increased due to the emergence of multiculturalism in business. Compare and contrast of communication style between home country and Australia The official language of Australian business organization is English. Multinational business organizations always prefer to hire people from various cultural backgrounds for maintaining diversity at the workplace. As a result, English may not be flexible for every individual organization. In this situation, the business organizations of Australia have started to follow both verbal and non-verbal communication (Lin, Chen Song, 2012). Verbal communication is always first preference for business organization. If the employees are not comfortable enough in maintaining an effective verbal communication the business managers tend to follow non-verbal communication as well. The managers tend to show their body language, written communication, facial expression so that it can be convenient to the employees to catch the word. On the other hand, in Asian pacific country like India most of the business managers are very much tend to prefer in following verbal communication only. If employees a re not flexible enough in communicating with the managers or other colleagues the organization provides effective training and development session to those employees for enhancing their communication skill (Hart Mareno, 2014). However, it is very much difficult for employees in being flexible with others without having language fluency. Therefore, the two different countries tend to show two different approaches in order to interact with the employees. Example on how one individual difference has negative impact on business growth In this specific article, the author has highlighted numerous instances on how one individual difference has negative impact on business growth. One particular employee of a multinational corporation believed that group performance is not more effective than individual performance. Therefore, this individual never intended to focus on teamwork. The concern of that employee was focusing on individual performance. As a result, the organization at that year failed to meet the yearly target due to the ineffective performance of team member (Drew, 2014). After evaluating the issue, the business manager of this organization decided to provide an effective training and guidance to that employee. As per business performance, organization needs to work unanimously in order to reach the peak of success. In this situation, the employees should overcome their individual differences and perform towards the business services together. The author in this article has depicted that in order to become a constant threat in market organizational employees should maintain a unity. People of cross-cultural backgrounds by exchanging thoughts and ideas should maintain effective communication with each other for rendering the business success. Justification of the concept that stereotypes can be a major hindrance in communicating with the people of different cultural backgrounds This author in this very specific article has highlighted that current business structure enables the business employees in maintaining multi cultural approaches at the workplace. People having different geographical backgrounds and attitudes are intimately associated within the business organization. As per the traditional belief and thought, employees having different cultural backgrounds and attitudes are not comfortable enough in communicating with each other due to language barrier as well as psychological barrier (Neuliep, 2017). In this kind of situation, organizations lack effective internal communication. People who are from different religious backgrounds have to face major linguistic barrier. Consequently, organizational productivity gets hampered significantly. Therefore, it is undeniable that being stereotype is not effective enough for rendering organizational productivity as well as goodwill. Are the stereotypes accurate? As per the belief of stereotypes people having multi-cultural backgrounds and attitudes can never adjust themselves within the workplace. As a result, they do not wish to interact with the employees having multi-cultural backgrounds. Numerous eminent scholars have expressed their own opinion in this regard. As per the belief of Stahl Tung (2015), business organization would not be able to expand their entire process of business without recruiting multi-cultural people. With the emergence of internet and new technologies business firms would have to be accustomed with the various work cultures. As a result, international customers would like to show their interest in purchasing the products and services due to product and service flexibility. Therefore, the business experts should have the capability of accepting the challenges happened at the workplace due to multiculturalism. In this situation, the perception of stereotypes is not very effective for business expansion (Ray, 2014). With the rhythmic and dynamic process of globalization, organizations have to increase their workforce strength in quest of business expansion and work flexibility. Reference List: Betancourt, J. R., Green, A. R., Carrillo, J. E., Owusu Ananeh-Firempong, I. I. (2016). Defining cultural competence: a practical framework for addressing racial/ethnic disparities in health and health care.Public health reports. Drew, H. (2014). Overcoming Barriers: Qualitative Interviews With German Elites.Electronic Journal of Business Research Methods,12(2). Froese, F. J., Peltokorpi, V., Ko, K. A. (2012). 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