Wednesday, November 27, 2019
Addiction vs. Dependency
Addiction vs. Dependency Addiction vs. Dependency Addiction vs. Dependency By Maeve Maddox A reader asks if there is any difference between addiction and dependency. The Chicago Manual of Style offers this straightforward distinction: One is physically addicted to something but psychologically dependent on something. I like the simplicity of this explanation, but a casual Web tour reveals a difference of opinion when the context is drug use. For example: Physical dependence in and of itself does not constitute addiction, but it often accompanies addiction.- National Institute on Drug Abuse (US government site). A number of substances produce psychological and/or physical dependence without producing an addiction.- Addiction Science Forum. Addiction can occur without physical dependence [and] physical dependence can occur without addiction.- The National Alliance of Advocates for Buprenorphine Treatment. Clearly, the use of the words dependency and addiction must be handled with care when writing about their medical implications. For the non-medical writer whose purpose is to choose between the words on the basis of connotation, a look at their etymologies offers a basis for choice. Addiction implies enslavement. The word derives from a Latin verb that meant, among other things, ââ¬Å"to sell into slavery.â⬠An addicted person no longer belongs to himself. Addiction implies a state from which there is no escape. Dependency, on the other hand, carries the connotation of temporality. A childââ¬â¢s dependency ends with maturity. Dependency connotes a situation from which there is a way out. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:7 Classes and Types of PhrasesHow to spell "in lieu of"20 Names of Body Parts and Elements and Their Figurative Meanings
Saturday, November 23, 2019
The Watering Can Business Plan Essay
The Watering Can Business Plan Essay The Watering Can Business Plan Essay The Watering Can Brieââ¬â¢s boutique providing fresh flowers for all occasions Legal Structure The set legal structure for this business is an unincorporated sole trader. The business would be classified as a small business as there would be between 5 to 19 employees. The advantages of this legal structure are: complete control as an owner, low cost of entry, no partner disputes, less government regulation, No tax on profits only personal income. Disadvantages for this legal structure are: Unlimited liability, End of business ends when owner dies, Difficulty in operation when owner is sick, Diversity in range of task that are needed to be performed by one person, Finances can be difficult. Secondary tertiary industry quinary Vision The watering can hopes to become a local florist shop supplying and known for the best quality fresh flowers for all occasions. I hope to not only supply to locals that come to the shop but perhaps perform deliveries therefore catering for all events like valentineââ¬â¢s day gifts or funerals. The hope of expansions to other local suburbs to increase the market in which a florist attacks. Itââ¬â¢ll portray the flowers locally available to the public and be all from local suppliers keeping it within Australia. Business goals The business goals for ââ¬Å"the watering canâ⬠can be divided into three sections; Social, Personal and financial. Social goals Community Service: The business wishes to bond itself tightly with the local community, by buying product from local suppliers and having involvement with local churches, schools and markets. This can be done through supplying them with product at discounted rates or donating product at events to show support. Provision of Employment: ââ¬ËThe Watering canââ¬â¢ shall provide job interviews and employment for those in the local community. Specialist jobs such as deliveries of flowers must have a or special requests have a driverââ¬â¢s license, and in the case of taking special request or organising bouquets must be trained by owners or senior staff. Personal goals Strategic Goals: The targets which senior management need to deal with include: Growth and Expansion of the business to other areas located around the main store in the centre, increasing profitability and providing opportunities for both employees and employers. (7-10 years) Steady cash flow that is highly profitable and ensures all debt is paid off. (5-7 years from establishment) Business Reputation of social responsibility and environmental sustainability. This needs to be developed early to develop an establishes client base. (1-5 years from establishment) Tactical Goals: Objectives handled by middle management include: Satisfied employees and a safe working environment with a positive vibe enticing both customers and employees to love and enjoy the store. Costs- work out costs of products and pricing to make profit and invest profit in possible expansion options. Wages- provide employees with above award wages. Use environmental products to help develop reputation of business. Operational Goals: Determined by front line management: these focus on the short term issues. Customer Satisfaction ââ¬â workers need to be customer orientated as a competitive advantage of the business is the level of satisfaction customers gain through the cellular production method, making each order different and specific to customer taste. Employee Satisfaction ââ¬â this comes down to the owner and or HR to make sure that employees stay happy and safe in their working place as they deal with the customers in store and they need to achieve customer satisfaction which can mean going out of the way to make a customer happy so the owner must do the same for their workers i.e monetary and non-monetary benefits. WH&S, Preservation of the workplace: negating damage to ââ¬ËThe Watering Canââ¬â¢ Financial goals Profit: A business needs profit to survive in the business world, thus its essential and key to the success of a business. ââ¬ËThe watering
Thursday, November 21, 2019
Case analysis Essay Example | Topics and Well Written Essays - 500 words - 8
Case analysis - Essay Example Since the company used to deal with more than one currency, then the exchange rate proved to be a challenge. Foreign currency rates are never constant; they fluctuate on a daily basis due to the interaction of a variety of elements that are beyond the scope of this case analysis. Delays in ordering and payment together with exchange rate fluctuations pose a significant risk for a company like Alliance that deals with more than one currency. Although it is uncertain, it could be argued that with exchange rate could fluctuate in either direction thus providing some room for profitability. The other problem that Alliance faced was the fact that they have been in operation for only three years. Some of the company is administrative and supply chain processes, such as those for equipment procurement and generation of price quotations require improvement and formalization. This can be attributed to the fact that they have only been in operation for quite a short period (Aleshaiway, 2005). The customer can participate by modifying the price quotation process in a bid to mitigate the foreign exchange risk. This policy can be implemented through a number of various ways including, changing the acceptance period (30 days) and changing the required amount of deposits to be made. A stipulation is saying that the final charges would be based on the exchange rate at the time of project completion should be included in the original contract. To add to the above strategy, a review of the internal processes related to cash management (including collection from customers and payment of suppliers), price quotations, and equipment procurement. Although there are aspects of the overall process that are dependent on schedules and operations of others such us completion of projects, there are small issues within that process that could bring about risk mitigation of exchange rates. The company
Wednesday, November 20, 2019
Is there a difference between my perception of reality and reality Case Study
Is there a difference between my perception of reality and reality itself - Case Study Example Perception is the individual mind set of people who influences the manner in which they view life and make a decision when responding to life situations. For instance some people perceive war to be the only sure way to bring peace to people to warring groups while others view it as an evil act which is conducted by people who are against peace and with evil intentions. The way those two groups perceive war is totally different and thus it influences the manner in which they are going to make a judgement concerning that particular subject (Xlibris Corp, 2012). Despite perception varying from one individual to the next, oneââ¬â¢s perception can be influenced or manipulated by situations that occur in the environment or by reality itself. Whenever someone has been exposed to reality he/she will tend to be influenced into changing his/her mind set thus, changing the perception. Perception is not always correct since it can be distorted from the general expectation of life (Xlibris Corp, 2012). Thus, reality plays an important role in influencing the cognition of a person and in influencing ones perception in the right way. However, it is not always right for oneââ¬â¢s perception to be influenced since the manner in which one perceives things is the same way life unfolds. Thus, it is right to take life in your way as it will unfold, in the same way; hence one can lead an interesting life. If someone is so concerned in being influenced by the perception of others he/she will always fell inferior to the cognition of others thus leading to a miserable life as one cannot be content with his/her own self (Xlibris Corp, 2012). Some critics argue that there is nothing like reality as it all depends on how individuals perceive things and situations that determine on what can be regarded as real or not. Strong believers of individual perception do not find much sense in reality as they act in the manner in which their perception
Sunday, November 17, 2019
Of mice and men Essay Example for Free
Of mice and men Essay In the novel of mice and men many of the characters are lonely. They have no one that really cares for them. This could be because that individual is coloured, female or that the person doesnt fit in with anyone. One of the characters that are lonely in this novel is Characters such as crooks who are lonely because hes black (coloured). Crooks spend the vast majority of his time in the barn. The only way he can socialise with the other men is when theyre all playing horse shoes. Other times, hes not allowed in the bunk house. For example Lennie, candy and Crooks were talking in the barn house and Curleys wife came in and they all wanted her to go. Crooks stood his ground to her as they were all arguing. He said You got no rights comin in a coloured mans room. You got no rights messing around in here at all. Now you jus get out, an get out quick. If you dont, Im gonna ast the boss not to ever let you come in the barn no more. Curleys wife replied with Listen nigger, you know what I can do to you if you open your trap. The book then reads Crooks seemed to grow small, and he pressed himself against the wall. Yes, maam. What Curleys wife meant by saying what she could do to crooks is that all she has to say to Curley or anyone, is that Crooks has been coming on to her and harassing her. Once she has said that, Curley will be after Crooks and beat him. No one will want to listen to Crooks side of the story simply because hes black (coloured). Other characters in the novel such as Curleys wife are also lonely. John Steinback purposely didnt give Curleys wife a name because it shows that she was not treated as a normal human being. In the novel Candy has his dog that is simply known as Candys dog. This is shown of what Curleys wife means to everyone in the novel. All that she was to everyone was Curleys property or owner. An example is in chapter three was, Did you see that girl? You mean Curleys girl? Like crooks, Curleys wife does not have a say in anything. In the novel Lennie is another character who is also lonely. He is mentally ill, and has the mind of a child who is five years old. He imitates quite often what George is doing, just like a child would do to someone else for example, He pulled his hat down a little more over his eyes, the way Georges was. He also has the tendency to forget things that he has been told, and is quite often called a crazy bastard by George. For example, So you forgot awready, did you? I gotta tell you again, do I? Jesus Christ, youre a crazy bastard. Like Crooks, And Curleys wife, Lennie cant go out with the other men, such as when the whole group went into town Lennie had to stay behind with Crooks. He can not do this because he cant be trusted with meeting strangers, such as like what happened in Weed when he supposedly raped that little girl. What really happened was that he just wanted to feel the girls dress because he likes to feel soft and furry materials, and he panicked and the only thing he could do was to hold on until George had to sock him. Lennie also is Lonely because he does not have the choice to do what he wants, George has to give him instructions and tell him whats right and whats wrong. At the near beginning of the novel Lennie wanted to keep a dead mouse which he said he had found dead, however George told him to give the mouse over to him and Lennie, (who loves to pet mice and furry things) and Lennie handed the mouse over to George and obeyed him. Its only a mouse George A mouse? A live mouse? Uh-uh. Jus a dead mouse, George. I didnt kill it. Honest I found it. I found it dead. Give it here, said George. Aw, leave me have it, George. Give it here! Lennies closed hand slowly obeyed. Lennie is also a tall built man who isnt aware of his own strengths. He likes to pet mice but always kills them because he doesnt know his own strength. E. g. They was so little, he said apologetically. Id pet em, and pretty soon they bit my fingers and I pinched their heads a little and they was dead. Lennie has also often been compared to animals in the novel. All these things about Lennie like being a bit dumb, being forgetful or just being childish are what I think make him so lonely in the novel. He is nothing like anyone else, he doesnt ever want to cause trouble but he does it all the time without knowing what hes getting himself into and because of that he can not socialise with many other people which I believe is resulting in his loneliness in the novel. Another character in the novel of mice and men who is lonely is Candy. Candy only has his dog to keep him company, and was very sad to see the dog go after he was shot due to his bad smell. Candy has only his dog and has always been devoted to it. When he was told to shoot the dog he looked at it for a while and replied. No, he said softly. No, I couldnt do that. I had Im too long. Not only does Candy require his dog for companionship but the dog needs Candy for basic survival, the dog obeys Candy. E. g. Come on boy. Come on, boy,he said gently. The old dog slowly and stiffly to his feet and followed the gently pulling leash. Even though the dog has been physically damaged, Candy still wants to stay with it and keep it. Ill put the old devil out of his misery right now and get it over with. Aint nothing left for him. Cant eat, cant see, cant even walk without hurtin. Candy even didnt except another little pup from slim because he loved that dog so much. So despite the dog being physically damaged and not being able to do anything, Candy needs the dog because its the only thing he has got and he loves it and has really gotten use to it. He was left feeling lonely after it was shot.
Friday, November 15, 2019
Effective Parenting-Early Development, Various Parenting Styles and Dis
Parents act as the first teachers in a child's life. Both mothers and fathers can have very unique influences on their children. Mothers and fathers parent differently, however, both maternal and paternal figures are essential in healthy development. Together both parents teach their children many things including how to eat, walk, talk and underlying emotions such as love, trust and happiness. Oppositely parents may also teach their kids, often unknowing of the effects they are causing, distrust, anger, and contempt. Every parent parents differently using various methods, styles, and techniques. Though traditional nucleic family rolls are dying or reversing, maternal influences still tend to be more prominent than paternal influences during the early stages of development. To a young child mothers tend to be more nurturing, providing food and dry diapers more often than their male counterparts. Where as the father would be more likely to interact in a playing manner, perhaps rolling a ball around or reading a story. Both aspects are extremely important in early development. One of the most influential aspects of a child's development comes in form of Attachment. In essence Attachment is the close bond that a baby feels with it's primary caregiver. This bond lays the foundation for all future relationships. This bond could literally make or break a young child's basic ability to socialize. For example, say the primary caregiver to which a child attached was their mother and at two years of age she ran off leaving the father alone to raise the child. This could cause the child to become withdrawn, even from the father and certainly to any new people brought in to take her place, such as a nanny or day care worker. Later on th... ... strong family structure, keep the lines of communication open, never be afraid to punish them if necessary as you see fit, and do what works for you and your child, because every family is different, what works for one is not guaranteed to work for another. Works Cited 1. Coon, D., & Mitterer, J. O. (2012). Psychology: modules for active learning (12th ed.). Australia: Wadsworth Cengage Learning. 2. Farnsworth, D. L. (1966). Psychiatry, education, and the young adult,. Springfield, Ill.: C.C. Thomas. 3. McGraw, P. C. (2004). Family first: your step-by-step plan for creating a phenomenal family. New York: Free Press. 4. N/A, N. (Director). (2005). Discipline: Teaching Limits With Love [Documentary]. U.S.A: Parents Action For Children. 5. Sells, S. P. (1998). Treating the tough adolescent: a family-based, step-by-step guide. New York: Guilford Press.
Tuesday, November 12, 2019
Business Structure of Mcdonaldââ¬â¢s Corporation Essay
The organizational structure of a business is a unique relationship formed when functional areas, defined by purpose and specific roles, are associated. Proficient organizations are capable of success because of fluent operations between stable functional areas. This portion of our business project will provide insight on the business structure of McDonaldââ¬â¢s Corporation by analyzing the functional areas of business, taking into consideration factors like technology, the basic laws of economics, and some key aspects of management. McDonaldââ¬â¢s Corporation runs its business in a similar manner to nearly all fast food restaurant chains, so its creative bubble for abstract business terminology is not necessarily inventive. Throughout the MGT101 course and researching this business, many terms (and/or their definitions) have been mentioned that I consider new to my vocabulary. To name a few: Franchise ââ¬â ââ¬Å"the right or license granted to an individual or group to market a companyââ¬â¢s goods or services in a particular territory; also: a business granted such a right or licenseâ⬠. (ââ¬Å"Franchiseâ⬠, n.d.) Sustainability ââ¬â ââ¬Å"of, relating to, or being a method of harvesting or using a resource so that the resource is not depleted or permanently damagedâ⬠. (ââ¬Å"Sustainabilityâ⬠, n.d.) Segment ââ¬â ââ¬Å"one of the constituent parts into which a body, entity, or quantity is divided or marked off by or as if by natural boundariesâ⬠. (ââ¬Å"Segmentâ⬠, n.d.) Corporation ââ¬â ââ¬Å"an association of employers and employees in a basic industry or of members of a profession organized as an organ of political representation in a corporative stateâ⬠. (ââ¬Å"Corporationâ⬠, n.d.) Overhead ââ¬â ââ¬Å"business expenses (as rent, insurance, or heating) not chargeable to a particular part of the work or productâ⬠. (ââ¬Å"Overheadâ⬠, n.d.) Capitalism ââ¬â ââ¬Å"an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free marketâ⬠. (ââ¬Å"Capitalismâ⬠, n.d.) Capital Expenditure ââ¬â ââ¬Å"expenditure on acquisitions of or improvements to fixed assetsâ⬠. (ââ¬Å"Capital Expenditureâ⬠, n.d.) Revenue ââ¬â ââ¬Å"the return or yield fromà any kind of property, patent, service, etc.; incomeâ⬠. (ââ¬Å"Revenue, n.d.) Quality Control ââ¬â ââ¬Å"a system for verifying and maintaining a desired level of quality in a product or process by careful planning, use of proper equipment, continued inspection, and corrective action as requiredâ⬠. (ââ¬Å"Quality Controlâ⬠, n.d.) Hamburger University ââ¬â ââ¬Å"the companyââ¬â¢s global center of excellence for McDonaldââ¬â¢s operations training and leadership developmentâ⬠. (McDonaldââ¬â¢s Corporation, n.d.) The organizational structure of McDonaldââ¬â¢s relative to the functional areas of marketing, human resources, accounting, finance, and operations can be summarized by investigating each individually. For McDonaldââ¬â¢s Corporation, marketing and advertising are what make sales. Whether directed towards children, adults, families, or people managing time restraints, McDonaldââ¬â¢s has a goal to make their food fun and affordable. Marketing is conducted not only by television, billboard, radio, newsprint, and internet advertising, but also through sponsorships and promotions. A prime example of McDonaldââ¬â¢s sponsorship is evident with the upcoming 2012 Olympics, where McDonaldââ¬â¢s is labeled the ââ¬Å"Official Restaurantâ⬠of the games, targeting an audience seeking assurance that McDonaldââ¬â¢s food is a healthy option. Beyond reigning over the entire games, McDonaldââ¬â¢s takes it a step further by getting prominent athletes to promote products and drive influence deeper into the general public. Marketing tactics targeted at children include persuasion based on fun by using toys in Happy Meals. For the thrifty and penny conscience, McDonaldââ¬â¢s promotes their dollar menu and offers coupons. By changing their menu options, McDonaldââ¬â¢s can promote seasonal and holiday options like milkshake flavors. The organizational structure of McDonaldââ¬â¢s Corporation is considered divisional, separated by geography. The business is managed as distinct geographic segments that include: The United States, Europe, APMEA (Asia/Pacific, Middle East and Africa), and Other Countries & Corporate (OCC) including Canada, Latin America and Corporate. (McDonaldââ¬â¢s Corp, n.d.) McDonaldââ¬â¢s corporate website provided a financial highlights spreadsheet for 2011 that offer insight into the accounti ng of its organization. The most significant costs and expenses associated with McDonaldââ¬â¢s are generally referred to as ââ¬Å"Company Operated Restaurant Expensesâ⬠. Breaking that down further, the C.O.R.E. can be identified asà food and paper, payroll and employee benefits, and occupancy and other operating expenses. In 2011, the C.O.R.E. costs totaled over $14 billion globally. The most significant source of revenue for McDonaldââ¬â¢s was through sales at company operated restaurants. Although McDonaldââ¬â¢s Corporation receives revenues form franchised store locations, its 1,552 company operated locations totaled over $18 billion in sales, while revenues from franchised stores brought in only $8 billion. The most profitable segment of McDonaldââ¬â¢s Corporation in 2011 was Europe, slighting the United States in revenue by about $2 billion. (McDonaldââ¬â¢s, 2011) Financing the operations within this organization come mostly from retained profits and bank loans. Although McDonaldââ¬â¢s offers stock to be traded publically, the revenues generated do not provide the primary source of financing for franchised and company operated store locations. (McDonaldââ¬â¢s, 2011) The operations of McDonaldââ¬â¢s restaurants are supported by a system that involves three main components, what Ray Kroc titled the three legged stool. The first leg is McDonaldââ¬â¢s and its core values of quality, service, cleanliness and value. The second leg is franchisees. Each encouraged to be innovative, but also required to operate within the core values established by McDonaldââ¬â¢s. The third leg being McDonaldââ¬â¢s suppliers, consistently supply products across business segments in order to recreate the McDonaldââ¬â¢s experience at every location. Creating an operating system based on the three legged stool philosophy, Kroc was able to invent the most integrated, efficient and innovative supply system in the food service industry, thus controllin g inventory, quality and repetitive production within each business segment. (McDonaldââ¬â¢s Corporation, n.d.) Much like any major corporation, McDonaldââ¬â¢s utilizes its functional areas to create compatibility within its infrastructure. As described in our text (Chapter 5 of Exploring Business), the success of a business lies in the ability to manage and grow. McDonaldââ¬â¢s Corporation has established a system where the core areas work together to manage operations, money, people, sales, and the competition. The roles of the functional areas and how they work together give McDonaldââ¬â¢s the ability to know their business, know their product, and know their competition. (Collins, 2009) McDonaldââ¬â¢s management has established goals and values by which they operate. Focus on the employees, customers, suppliers, and brand image has placed McDonaldââ¬â¢s Corporation on the cuttingà edge of franchised restaurant chains. Its values encourage employee development, environmental and supply chain sustainability, and continuous improvement on every level. Whether franchise owners and operators are enrolled at Hamburger University (a training facility that teaches the McDonaldââ¬â¢s business system) or employees are taking advantage of leadership development programs, the management of McDonaldââ¬â¢s Corporation has intent to provide support and encourage development from all the people who make McDonaldââ¬â¢s stores diverse and successful. (McDonaldââ¬â¢s Corporation, n.d.) The impact and evolution of technology has enabled McDonaldââ¬â¢s to reach customers, suppliers, employees and restaurants at every corner of the globe. Technology of the times has held a premium value to McDonaldââ¬â¢s marketing strategy. The modest beginning of McDonaldââ¬â¢s marketing and advertising strategy has evolved since the 1950ââ¬â¢s with radio and newsprint ads. 1966 brought the first television commercial to the United States and in 2003 the first global ad campaign (titled ââ¬Å"iââ¬â¢m lovinââ¬â¢ itâ⬠) is launched in Germany. (McDonaldââ¬â¢s Corporation, n.d.) Technologyââ¬â¢s impact on marketing and operations has been substantial. The internet provides an invaluable resource for collecting data points on market segmentation and analyzing global trends. Faster accessibility to critical information has helped optimize supply chain operations and improvements towards sustainability. Global communication capabilities allow business segments to interface ââ¬Å"in personâ⬠using webcams, saving time and money on travel expenses. Accounting and finance departments use technology to improve error proofing and record keeping. File sharing is quicker and more secure, allowing restaurants within business segments to watch trends in sales and enable adjustment to accommodate profitable operations. McDonaldââ¬â¢s restaurant distribution centers rely primarily on regional suppliers for produce, meat, buns, and packaging. Based on the information Iââ¬â¢ve collected about McDonaldââ¬â¢s, international trade has little effect on business operations. Unlike companies that rely on foreign made (or mined) textiles and metal ores to make a product, McDonaldââ¬â¢s supply chain is strategic to obtain only the freshest ingredients from within each business segment. (McDonaldââ¬â¢s Corporation, n.d.) A safe bet could be made in the statement that nearly every McDonaldââ¬â¢s customer is either hungry, thirsty, or both. The products served by McDonaldââ¬â¢s restaurants are an array of breakfast, lunch, dinnerà and dessert items ranging from breakfast burritos and hotcakes, to hamburgers, French fries, chicken sandwiches, and ice cream sundaesâ⬠¦and a lot in between. Portioned meals are designed to suffice the appetites of all consumers, including the dainty eaters, mid-day snackers, and the average adult. McDonaldââ¬â¢s restaurants solve the problem consumerââ¬â¢s face when seeking f ast food at an affordable price and with good quality. Often found by major roadways and fueling stations, McDonaldââ¬â¢s restaurants provide quick and easy dining when traveling. Customers who use the services of McDonaldââ¬â¢s stores include all walks of life. Business men and women, health conscience eaters, children, and thrifty shoppers have a niche within the McDonaldââ¬â¢s marketing scheme. Finding and identifying every customer starts with good marketing. McDonaldââ¬â¢s uses social networking sites like Facebook and Twitter to follow consumer habits and trends. They conduct surveyââ¬â¢s to collect data on current customers and research other fast food operations in order to compete. Strong advertising campaigns using television, radio, the internet, billboards, and magazines draw customers through vivid imagery, nutritional statements, and brand recognition. (McDonaldââ¬â¢s Corporation, n.d.) Considering the varied demographics associated with over 33,000 global restaurants, McDonaldââ¬â¢s prices fluctuate from store to store. Their pricing strategy is set to accommodate regional business and market segmentation by analyzing the demographics surrounding each restaurant. In the United States, for instance, two McDonaldââ¬â¢s store locations will offer the same menu option at different prices based on the economic status of surrounding areas. McDonaldââ¬â¢s Corporation researches the areas thoroughly before opening a restaurant to determine the value of their product compared to the value of a communityââ¬â¢s dollar. In shopping districts or roadways surrounding exclusive neighborhoods, McDonaldââ¬â¢s will charge more for a value meal when compared to a less fortunate area. Why? They know low-income consumers will likely not find their way to a higher-income area. By creating market segments, prices can vary based on the financial capabilities of its customer s. (ââ¬Å"McDonaldââ¬â¢s Pricing Strategy,â⬠2012) McDonaldââ¬â¢s business operations are directly affected by supply and demand. Factors that play into their success revolve around competition, local economies, and population. Restaurants located in areas with a high number of establishments serving food succumb to consumer choice and face theà possibility of fewer sales. Likewise, restaurants in lower income neighborhoods rely on a customer base that faces the decision of quantity or quality. Many lower income families can stretch their dollar into several meals at the grocery where McDonaldââ¬â¢s would provide just one. Fluctuations in population can affect the demand for fast food meals, and therefore directly affect sales. (Collins, 2009) McDonaldââ¬â¢s has always held an open door to offering a first job, regardless of experience or credentials. From there, McDonaldââ¬â¢s Corporation is dedicated to providing an opportunity for a career. Search the web (http://www.mcdonalds.com/us/en/careers/workinghere.html) and see that open positions across the United States are available at either a corpora te or restaurant level, on a spectrum that covers all ranges of experience and entry level. Although McDonaldââ¬â¢s corporate website does not provide compensation in the form of dollar amounts for either hourly or salary employees, less reliable internet sites might suggest restaurant employeesââ¬â¢ initial wages range from around $7/hr. upwards to $10/hr., depending on position; average management positions can offer in the neighborhood of $30k to $40k annually. According to McDonaldââ¬â¢s website, non-financial compensation packages for employees include company assisted health plans, paid holidays and vacations, access to career development opportunities and training, 401(k) contributions, discounted meals, and even the possibility of a company vehicle. (McDonaldââ¬â¢s Corporation, n.d.) In closing, the strategic system McDonaldââ¬â¢s Corporation has organized to manage it business involves multiple factors. People that choose to join McDonaldsââ¬â¢ team are encouraged to continuously improve their careers, utilize full potential, and assist with innovation to achieve the goals and mission set forth by McDonaldââ¬â¢s Corporation. The unique inter-relationship woven by functional areas of this business provide support within the company structure to assist employees at any level; from top executives to restaurant crew members. Optimization of operations using technology and an innovate supply chain allow for the company to adjust constantly in response to trends and social influence. References Capital Expenditure. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www. merriam-webster.com/dictionary/ Capitalism. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ Collins, K. (2009). Exploring Business. Nyack, NY: Flat World Knowledge, Inc. Corporation. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved fromhttp://www.merriam-webster.com/dictionary/ Franchise. (n.d.). In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ Income Statement. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ McDonaldââ¬â¢s Corporation. (n.d.). Company Profile. Retrieved from McDonaldââ¬â¢s Corporation website: http://www.aboutmcdonalds.com McDonaldââ¬â¢s Corporation. (n.d.). Corporate Careers/Training & Development/Hamburger University. Retrieved from McDonaldââ¬â¢s Corporation website: http:// McDonaldââ¬â¢s Corporation. (n.d.). Our Company. Retrieved fro m McDonaldââ¬â¢s Corporation website: http://www.aboutmcdonalds.com McDonaldââ¬â¢s Corporation. (n.d.). Our History. Retrieved form McDonaldââ¬â¢s Corporation website:http://www.mcdonalds.com McDonaldââ¬â¢s Corporation. (n.d.). Our History/Our Story/The Ray Kroc Story. Retrieved from McDonaldââ¬â¢s Corporation website: http://www.mcdonalds.com McDonaldââ¬â¢s Corporation. (2011). McDonaldââ¬â¢s 2011 Financial Information Workbook. Retrieved from McDonaldââ¬â¢s Corporation website: http://aboutmcdonalds.com/ content/dam/AboutMcDonalds/Investors/ Investors%202012/McDonalds%202011%20 Financial%20Information%20Workbook.xls McDonaldââ¬â¢s Corporation. (n.d.). Working Here. Retrieved from McDonaldââ¬â¢s Corporation website: http://www.mcdonalds.com/us/en/careers/working_here.html McDonaldââ¬â¢s Pricing Strategy. (2012). Retrieved from http://ecuatoriall.com/mcdonalds-pricing-strategy/ Overhead. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ Quality Control. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam -webster.com/dictionary/ Revenue. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ Segment. (n.d.) In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/ Sustainability. (n.d.). In Merriam-Websterââ¬â¢s online dictionary. Retrieved from http://www.merriam-webster.com/dictionary/
Sunday, November 10, 2019
ââ¬ËCousin Kateââ¬â¢ by Christina Rossetti Essay
This Victorian poem is about the narrator (a fallen woman), the Lord and Kate. It is a ballad which tells the story from the narratorââ¬â¢s perspective about being shunned by society after her ââ¬Ëexperiencesââ¬â¢ with the lord. The poemââ¬â¢s female speaker recalls her contentment in her humble surroundings until the local ââ¬ËLord of the Manorââ¬â¢ took her to be his lover. He discarded her when she became pregnant and his affections turned to another village girl, Kate, whom he then married. Although the speakerââ¬â¢s community condemned the speaker as a ââ¬Ëfallenââ¬â¢ woman, she reflects that her love for the lord was more faithful than Kateââ¬â¢s. She is proud of the son she bore him and is sure that the man is unhappy that he and Kate remain childless. Some readers think that she feels more betrayed by her cousin than the lord. This poem is a dramatic monologue written in the Victorian era. Structure The poem is written in first person narrative. It has 6 stanzas of 8 lines: One stanza each on the narrator, the Lord and Kate; stanza 4 contrasts the position of the narrator and Kate; stanza 5 criticises Kate and stanza 6 focuses on the narratorââ¬â¢s triumph at having a child. Each stanza is the same length and each line has a similar rhythm, giving it a ballad-like feel. It could also be conveying the strength and perseverance of the narrator who has to face life in conflict with the expectations of Victorian society. Note that the tone changes as the poem progresses ââ¬â regret, accusation, bitterness, triumph. The rhyme scheme always connects the B (2nd line) of each couplet. E. g Stanza one ââ¬â AB/CB/DB/DB. Sometimes the first line of the couplet is rhymed. The rhyme emphasises the last world to aid meaning. The regular rhyme could also suggest that narrator has not only been dominated by the Lord (because men and in particular men of a higher social standing) but is also trapped with Victorian social conventions (she is now a fallen woman in conflict with the values of her society). Sometimes the first line is rhymed as in Stanza 3 ââ¬â AB/AB/CB/AB. In this case the words ââ¬ËKateââ¬â¢, ââ¬Ëgateââ¬â¢ and ââ¬Ëestateââ¬â¢ are stressed in order to convey the way Kate has been elevated from her position in society. However in stanza 5 this rhyme of ââ¬Ëtrueââ¬â¢ and ââ¬Ëyouââ¬â¢ contrasts the narratorââ¬â¢s strength of feeling with Kateââ¬â¢s. ââ¬ËCousin Kateââ¬â¢ is written with an iambic rhythm. Generally, one line of the poem has three feet, and the next has four. The poem, therefore, generally follows the following pattern: da dum da dum da dum da dum da dum da dum da dum Iambic rhythms often follow the natural rhythm of speech, a little like a heartbeat. If we apply this to one of Rossettiââ¬â¢s lines, it reads as follows: ââ¬Å"Because you were so good and pureâ⬠. Therefore the meaning of the words is captured in the line as specific words are stressed. The repetition of: ââ¬ËWhy did a great lord find me outââ¬â¢, conveys the anger and bewilderment of the speaker at her change of circumstances, whilst the phrase: ââ¬Ëgood and pureââ¬â¢ has a hollow ring by its second occurrence. Thereafter, repeated phrases are altered to highlight the contrasting situations of Kate and the speaker: The community ââ¬Ëcallââ¬â¢ Kate ââ¬Ëgood and pureââ¬â¢, but ââ¬Ëcallââ¬â¢ the speaker ââ¬Ëan outcast thingââ¬â¢. Kate ââ¬Ësit[s] in goldââ¬â¢, the speaker ââ¬Ësit[s] â⬠¦ in dustââ¬â¢. The image of dust connects to a life of poverty and also suggests how she has been soiled by society. Whereas ââ¬Ëgoldââ¬â¢ suggests that her cousin has riches. Kateââ¬â¢s fate is to ââ¬Ësit â⬠¦ and singââ¬â¢, the speakerââ¬â¢s to ââ¬Ësit and howlââ¬â¢. This suggests the mental anguish that the narrator is experiencing at being abandoned whereas to ââ¬Ësingââ¬â¢ indicates that Kate is content. However, the speaker believes her ââ¬Ëlove was trueââ¬â¢, while Kateââ¬â¢s ââ¬Ëlove was writ in sandââ¬â¢ suggesting that her love is stronger than Kateââ¬â¢s. The echoed structure in the final stanza ââ¬â that Kate has ââ¬Ënot gotââ¬â¢ and is ââ¬Ënot like to getââ¬â¢ the gift of a child ââ¬â emphasises the speakerââ¬â¢s sense of triumph. Language The speakerââ¬â¢s questions in the first stanza express her anger and confusion at the experiences she has had to endure: ââ¬ËWhy did a great lord find me outâ⬠¦ Why did a great lord find me out? ââ¬â¢ She suggests that before the arrival of the ââ¬Ëgreat lordââ¬â¢, she was happy and ââ¬Ëcontentedââ¬â¢ (line 3). She was not looking for a new situation in life. It came unexpectedly. The idea that the lord filled her heart with care suggests that she had less to worry about previously. She is angry that he made her anxious instead of happy and took her away from her friends, her ââ¬Ëcottage matesââ¬â¢ (line 3). She questions her cousin Kate in stanza 4 suggesting that she loved the lord whereas her cousin did not marry for love. The speaker addresses her questions, laments and moans to Kate. She begins the third verse, ââ¬ËO Lady Kate, my cousin Kateââ¬â¢ and the fifth, ââ¬ËO cousin Kateââ¬â¢. Throughout, she employs a tone of accusation, repeatedly using the word ââ¬Ëyouââ¬â¢ as she compares Kate to herself. In the last four lines, the speaker draws her attention away from her bitterness at Kate and addresses her son. She calls him ââ¬Ëmy shame, my prideââ¬â¢ (line 45). The oxymoron highlights the conflict that she experiences at loving the Lord and her son but also knowing that she has defied moral convention. Through active and passive verbs Rossetti emphasises the powerlessness of women in Victorian society by associating the lord with a series of actions which take the initiative. He ââ¬Ëf[ound]ââ¬â¢ the speaker ââ¬Ëoutââ¬â¢ / ââ¬Ëpraise[d]ââ¬â¢ her / ââ¬Ëluredââ¬â¢ her / ââ¬Ëworeââ¬â¢ her / ââ¬Ëchangedââ¬â¢ her / ââ¬Ëcastââ¬â¢ her ââ¬Ëbyââ¬â¢ / ââ¬Ëfooledââ¬â¢ her. These are harsh actions, which become more ominous with regard to Kate. Like a stalker, the lord: ââ¬Ësawââ¬â¢ her / ââ¬Ëchoseââ¬â¢ herââ¬â¢ / ââ¬Ëwatchedââ¬â¢ her / ââ¬Ëliftedââ¬â¢ her ââ¬ËTo sit with himââ¬â¢ / ââ¬Ëboundââ¬â¢ her/ ââ¬Ëwonââ¬â¢ her / ââ¬Ëboughtââ¬â¢ her. Like a hunter, the lord ââ¬Ëf[ound]ââ¬â¢ the speaker ââ¬Ëoutââ¬â¢, ââ¬Ëluredââ¬â¢ her, then ââ¬Ëchoseââ¬â¢ his next victim in Kate, whom he ââ¬Ëwatchedââ¬â¢, then picked up (ââ¬Ëliftedââ¬â¢) and ââ¬Ëboundââ¬â¢. Both women are referred to as birds, with Kate seeming to be trussed and bound by her fine clothes and wedding ring. In ââ¬ËCousin Kateââ¬â¢, the dove image draws on these ideas of hope and fulfilment and is a symbol of purity that stands in direct contrast to the contaminated state the speaker finds herself as she describes herself as ââ¬Ëan unclean thingââ¬â¢ (line 15). However, she acknowledges that the tenderness associated with the dove is no match for Kateââ¬â¢s ââ¬Ëstronger wingââ¬â¢. Even though the speaker claims that she ââ¬Ëwouldà have spitââ¬â¢ and ââ¬Ë[would] not have takenââ¬â¢ the lord, the fact that this is in the future conditional tense indicates that the reality of the situation is in fact very different ââ¬â she will always be powerless. Alliteration is used throughout the poem: The soft innocence of the speaker before her life changed is conveyed by the soft M of ââ¬Ëmaidenââ¬â¢, ââ¬Ëmatesââ¬â¢ and ââ¬Ëmindfulââ¬â¢ in stanza 1 When the speaker claims that she was led to the lordââ¬â¢s house to lead a ââ¬Ëshameless shameful lifeââ¬â¢, the sibilance in this line reinforces the joining together of oxymorons that these words perform. It also reflects the hushed manner in which the speaker was ensnared by the lord, taken in, then later cast aside The speakerââ¬â¢s anger shines through the harsh consonants of ââ¬ËLady Kate, my cousin Kateââ¬â¢ In the final stanza, the speaker emphasises the close bond she shares with her son when she asks that he ââ¬ËCling closer, closer yetââ¬â¢ (line 46). The emphasis here highlights her fear and together with the repetition of the word ââ¬Ëcloserââ¬â¢, suggests that it is for her own comfort, as well as her sonââ¬â¢s, that they remain together. Strong images are used to convey the predicament of the narrator. She claims that the lord considered her as a ââ¬Ëplaythingââ¬â¢ (line 12) whom he could treat how he liked without any regard for her feelings. Much like the ââ¬Ësilken knotââ¬â¢ (line 12) he wore around his neck (a cravat or tie), he treated her as a fashion accessory he could use and then cast away, rather than as an individual with her own needs. The speaker recognises that the lord ââ¬Ëchanged me like a gloveââ¬â¢ (line 13). He used her and moulded her into a shape that suited him and then, like a glove that no longer pleases, dispensed with her completely. A glove is an intimate and personal object that fits itself around its user. By describing herself as a glove, the speaker acknowledges that she lost sight of her own needs and desires in an attempt to please and suit the lord. Essay title: Explain how Rossetti creates sympathy for the narrator in ââ¬ËCousin Kateââ¬â¢. Use examples from the poem to support your answers.
Friday, November 8, 2019
Stationery, Cemetery, and Shepherd
Stationery, Cemetery, and Shepherd Stationery, Cemetery, and Shepherd Stationery, Cemetery, and Shepherd By Maeve Maddox Stationery Both stationery (n.), meaning writing paper, and stationary (adj.), meaning not moving, go back to the same source that gives us the noun station (a stopping place; a place where someone or something stands). In the Middle Ages a stationer was a tradesman who had a shop, as opposed to one who carried his stock around with him. Originally the word was used in a general sense to denote any shopkeeper, but came to be associated with booksellers in particular. Finally, stationer came to mean someone who sells writing materials, i.e., stationery. TIP: Stationery, like paper, is spelled with er. A parked car is stationary. Like park, the adjective stationary is spelled with ar. Cemetery This seems to be an especially endangered spelling. I have a local real estate map that spells cemetery incorrectly dozens of times. Ive even seen an official cemetery sign with the incorrect spelling. TIP: Knowing that cemetery comes into English from French cimetià ¨re may help writers recall the correct er spelling. German Shepherd Browse the pets for sale in any classified section and you will see the word for the dog spelled sheperd, shepard, and shephard. At least two of these misspellings for the dogs name are common spellings for family names. For the dog, however, the spelling is shepherd. TIP: The dog was originally bred to help in the herding of sheep or cattle. The word shepherd comes from sheepherd. A shepherd herds sheep. Think herd. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:Good At, Good In, and Good With35 Genres and Other Varieties of FictionComma Before Too?
Tuesday, November 5, 2019
Middle School Debate Topics
Middle School Debate Topics Debates are a wonderful, high-interest way to teach a number of skills to students. They provide students with the ability to research a topic, work as a team, practice public speaking, and use critical thinking skills. Despiteor perhaps because ofthe challenges that go along with teaching tweens, holding debates in middle school classes can be especially rewarding. Middle School Debate Topics The following is a list of topics that would be appropriate for use in middle school classrooms. As you read through these you will see that some are more appropriate for specific curriculum areas while others can be used in classes across the board. Each item is listed as a proposition. You will assign one team this proposition and the opposing team would argue the opposite. All students should have daily chores.Every home should have a pet.Every student should play a musical instrument.Homework should be banned.School uniforms should be required.Year-round education is better for students.Children should not be allowed to drink soda.PE should be required of all students throughout middle and high school.All students should be required to volunteer in the community.Corporal punishment should be allowed in schools.The Internet should be banned from schools.Junk food should be banned from schools.All parents should be required to attend parenting classes before having a child.All students should be required to learn a foreign language in middle school.All museums should be free to the public.Single-sex schools are better for education.Students should be held legally responsible for bullying in schools.Children under 14 should not be allowed on Facebook.Prayer of any form should be prohibited in schools.Statewide tests should be abolished.All people should be vegetarians. Solar energy should replace all traditional forms of energy.Zoos should be abolished.It is sometimes right for the government to restrict freedom of speech.Human cloning should be banned.Science fiction is the best form of fiction. (Or any form of fiction of your choosing)Macs are better than PCsAndroids are better than iPhonesThe moon should be colonized.Mixed Martial Arts (MMA) should be banned.All students should be required to take a cooking class.All students should be required to take a shop or practical arts class.All students should be required to take a performing arts class.All students should be required to learn sewing.Democracy is the best form of government.America should have a king and not a president.All citizens should be required to vote.The death penalty is an appropriate penalty for certain crimes.Sports stars are paid too much money.The right to bear arms is a necessary constitutional amendment.Students should never be forced to repeat a year at school.Grades sh ould be abolished. All individuals should pay the same tax rate.Teachers should be replaced by computers.Students should be allowed to skip grades in school.The voting age should be lowered.Individuals who share music online should be put in jail.Video games are too violent.Students should be required to learn about poetry.History is an important subject in school.Students should not be required to show their work in math.Students should not be graded on their handwriting.America should give more money to other countries.Every home should have a robot.The government should provide wireless service for everyone.School pictures should be abolished.Smoking should be banned.Recycling should be required.Children should not watch television on school nights.Performance enhancing drugs should be allowed in sports.Parents should be allowed to choose their babys gender.Education is the key to future success.
Sunday, November 3, 2019
Placement of Older Adults Research Paper Example | Topics and Well Written Essays - 1000 words
Placement of Older Adults - Research Paper Example They keys areas are tare his chances of falling while taking the flight stairs, chances of been depressed and how Mr.Trosack will take his multiple medications that is (polypharmacy).These are the main major points that need to be focused by the case manager and his team and his interdisciplinary team for them to have an effective discharge schedule/plan. Each team player has to carry out a specific role in this case study to have positive results on Mr. Trosacks considering him as a case of social isolation. The family of Mr. Trosack interview will check whether it is capable of proving good care is the patient is discharged from the hospital. The case study team has to very keen on cases of depression which might affect his situation in recovering, there must also be therapist ,a person who will prescribe his medication(pharmacist) and an assistant who will take care of him while at home. After gathering all this information a suitable discharge plan will be recommended and a disch arge plan placement will be effected. (Idler & Benyamini1997). Members of Interdisciplinary Team The interdisciplinary teams in Mr.Trosacks case should comprise of the case manager who liaise the interdisciplinary team to craft out successful discharge plan for Mr.Trosacks.The specific duties for the interdisciplinary teams are outlined. In this case the patient is isolated while recovering from hip surgery, and the case or effects of isolation are known.The interdisciplinary team should include the following case manager that is the nurse, therapist and pharmacist. Roles of Interdisciplinary Team Therapist A therapist is someone who helps you understand problem related to your illness and helps see the positive side of life. In the interdisciplinary team there will be the therapist who would administer therapy into Mr. Trosacks will be able make him understand his specific needs as a patient and offer him hopeful solutions for change throughout the therapy formality. Pharmacist A p harmacist administers medicines to patients when a doctor recommends it and advices patients on correct prescription while taking their medicines. The pharmacist will ensure that Mr.Trosacks takes his medication on time and will from time to time check whether there are any side effects. Home care co-coordinator. Mr.Trosack will need a homecare co-coordinator who will be assisting small errand s mainly involving picking of grocery, will also be assisting Mr. Trosacks with the walker who will walking in his apartment because there is no elevator. The safety issues that could affect determination discharge plan include social isolation and this could affect his recovery plan due to depression. Mr.Trosacks lives alone ismall apartment which is clustered and there is little room for his walker, also the bathroom is tiny and there is no safety features which might help him in case of any accident. The bathroom cabinet where he keeps his medicine has old prescription medicine and this mig ht confuse him if he comes home and puts the new medicaments together with the old medicine. To get into the apartment you have to take the stairs and this will pose a great danger to Mr.Trosacks as he has to use a walker while climbing down the stairs or up the stairs and he may assistance of someone. Family ability to care for Mr.Trosack The basic safety mode of Mr.Trosack is after replacement of his hip is for his son and the wife to take care of Mr.Trosack. His family does not visit Mr.Trosack quite often and the small apartment is cluttered. Mr Trosack is diabetic and the need for nursing assistance is needed, but Mr.Trosack maintains that is capable of taking care of himself. There are several
Friday, November 1, 2019
Evaluating The Validity Of The PPP Hypothesis A Time Series Analysis Dissertation
Evaluating The Validity Of The PPP Hypothesis A Time Series Analysis Of The US-UK Exchange Rate - Dissertation Example Although significant coefficients in this regression seems to indicate that variations in the price level differential lead to changes in the exchange rate, deeper inspection of the stationarity properties of the relevant series establishes that we actually fail to find any evidence to support that PPP holds for the two countries under question. However since the time period covered is only of a short duration of 37 years, we conclude that this evidence should not be taken to be conclusive. It could still be the case that PPP holds in the long run but what has been examined in this paper covers only the short run and during this period the exchange rate is at a perturbed state. Introduction The exchange rate is one of the most important macro variables that have significant implications for policy of any open economy. It is therefore of primary importance to identify what determines the long run real exchange rate between two currencies for either of the countries involved. Additiona lly, given the state of other macro variables what should be expected of the medium and long term dynamics of the exchange rate for any given economy? That is, should it be expected to appreciate or depreciate over time? How does the nominal exchange rate affect inflation? These are all critical questions can be answered using the Purchasing Power Parity (PPP) theory. It is therefore critical to evaluate its empirical validity. The vital notion of the PPP hypothesis is that the real rate of exchange between the currencies of any two countries is determined essentially by the ratio of the price levels of the countries in question. ... This is essentially the implication of the law of one price which postulates that the same good should sell at the same price in all markets because if different prices are charged then arbitrage will arise until the prices are equalized. Alternatively, the theory suggests that changes in real exchange rates are essentially driven by relative price level changes (Froot and Rogoff, 1995). Now, there are absolute, relative and weak versions of the hypothesis and these are distinguished as follows. When the exchange rate is simply equal to the relative price level ratio absolute or strong PPP is said to prevail. If the variability of the exchange rate is caused by variations in the relative price levels, then we say that relative PPP holds. And finally, weak PPP is known to hold whenever changes in the relative price levels significantly affect the exchange rate. The reason that this theory has motivated a large number of studies and keeps on motivating new pursuits of empirically evalu ating the PPP theory lies in the strong potential of the theory to have strong bearing on various policy aspects. For instance, an economy which has newly become independent can utilize this theory to ascertain its exchange rate. Forecasting macro-dynamics is critical for effective policy and this theory can be utilized to forecast the medium and long term exchange rates if it is found to be a valid determinant of the exchange rate. With this as the basic premise, in the present paper, we shall evaluate the validity of the PPP hypothesis as in its capacity of predicting real exchange rates. In particular, we want to evaluate whether the PPP hypothesis
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