Exam questions Essay Example | Topics and Well Written Essays - 750 words

Exam questions - Essay Example Futures contracts can be transferred between parties. Futures have advantages similar to those mentioned for forwards. Currency Options involves a contract for a fee (premium + commission), sold by one party to another that provides the buyer the right, although not the obligation, to purchase or sell a specified amount of a single currency for a given amount in another at an agreed-on price within a given period of time or on an exact date. Its advantage is that it protect against downside risk in addition to allowing upside appreciation. Currency Swaps on the other hand is an agreement by two corporations to exchange specified amounts of currency currently and to reverse the exchange at a given point in the future. A currency swap might not incorporate an initial exchange, in which instance it would incorporate one or multiple payments during the swap’s life in addition to a final exchange. This option helps in minimizing the costs of foreign conversion while client is secur ed against exchange rate risk. Additionally, it costs nothing to enter into a swap. Back-to-Back Loans is a form of loan where two corporations in different nations borrow offsetting amounts in individual’s currency. The aim of this transaction is to hedge against fluctuations in the currencies. It key benefit is that it allows one to gain from approved spot limits. A Non-deliverable forward contract is a form of agreement between parties where one (an individual) is protected against undesirable rates in foreign exchange. Generally, it is a cash settled transaction and as such there are no real exchange of currencies at maturity. Essentially, a net payment is made by one of the parties to the other on basis of the contracted rate alongside the market rate at the day of settlement. It effectively involves hedging of expected foreign currency cash flows. Simply put, a contract rate is agreed up-front, alongside the fixing rate (and the corresponding fixing date). The contract rate is made use of in calculation of the amount payable on the nominated date of maturity. It is important to mention that an NDF may is useful in management of currency risks related to exportation and importation of goods, foreign currency purchase, conversion of foreign currency denominated dividends, or in settlement of other foreign currency contractual agreements. It is more particularly useful in instances where physical exchange is not necessary on the maturity date or in instances where a foreign central bank puts some limit to offshore access to its local cash niche. It should be put into use in instances where one has a genuine commercial necessity to manage currency risks linked to a particular pair of currency. Q2: The strike price of an equity option in popular plc is 380p and the premium was 24p per share. The current market price of a share in the company is 410p. The exercise date is still over one month away. Calculate the profit or loss on one contract to date fo r: A long call A long put A short call A short put If the market price of shares in popular rose explains how, and why, the premium would alter as a result for: i) a long call The profit made by the trader will increase. This is due to the fact

From Seeds to Civilizations Bruce D Smith Essay Example | Topics and Well Written Essays - 750 words

From Seeds to Civilizations Bruce D Smith - Essay Example These factors influence the cultural macroevolution. Here the changes are determined by the environmental factors and not by the social economic and political ones. The important influence of these macro evolutionary factors has been brought to the limelight by Jared Diamond. These factors played a very pivotal role at the dawn of history especially when writing was first invented. For example the Inuit could not invent farming but people in the Middle East could do so because they were surrounded by wild animals/plants which could be domesticated. Cultural microevolution on the other hand generated a need for liquid fuels for industrialized nations. But it was the macro evolutionary factors which shaped the World War II, where Germany and Japan had to use all their efforts to obtain and defend their petroleum supplies since their own territories lacked them. Early historians did not give much importance to the evolutionary view of history. But seventeenth century onwards scholars like Voltaire, Comte and others visualized history as an evolutionary process that was moving towards a goal. Karl Marx was one of the pioneers of the first great theories of historical evolution. Marx tried to find an evolutionary pattern of history based on scientific analysis. Apart from historians even... We are all products of our social and biological backgrounds. It is due to this very reason that the human nature of citizens living for long under democracies is different than those under dictatorships. Evolutionary theory has converted biology into a logical discipline. Evolutionary theory, primarily its cultural aspects can do the same to social sciences. Although some aspects of such a theory can be overshadowed by the story of sociopolitical evolution from hunting and gathering through the establishment of states that can be put together today. Evolutionary theory thus can be formed without making assumptions about genetics. The change in human natures is essentially because of cultural and not biological evolution. Plant domestication i.e. agriculture has played a very pivotal role in human history. It first began in the Fertile Crescent which is now a part of Israel and Lebanon. Population pressure, declining game supplies and increased plant gathering are some of the reasons given for the origins of agriculture .It is believed that the key reason for the spread of farming was due to the episodic periods of scarcity- a discrepancy of the general population pressure speculation. This could explain the rapid spread of agriculture from the Fertile Crescent The second hypothesis is that agriculture developed due to the rapid end of the ice age. The agricultural revolution was accompanied by rising birth rates. This eventually led to the demand of more food and thus led to the pressure of technological change to make more intensive agriculture possible. Due to this intensification and division of labor human society underwent changes through villages, clans to ultimately modern nation states. Differences in the productivity of the physical

13sp2 Rebuttal Argument Essay Example | Topics and Well Written Essays - 500 words

13sp2 Rebuttal Argument - Essay Example I firmly believe that the U.S. government, on issues that involve the safety, welfare, and national security of its citizens, is entitled to impose the most effective means of waging war on terror especially that from the very beginning, the state enemy has clearly not followed any fair rules of engagement. NY Times editor/s agreed to a statement released by the American Civil Liberties arguing that every American citizen has their â€Å"constitutional rights† that the judiciary â€Å"must respect† (â€Å"To Kill† par. 6). That stance must be agreeable to any American citizen who commits a crime. However, history has taught us that even President Lincoln needed not issue an executive order announcing he allowed thousands of Confederates to be killed simply because there were sufficient evidence to support that they were threats to the growth and progress of the New World. There are a lot of differences between an American transgressor who commits a crime of theft and robbery compared to any Al Qaeda member who brutally killed thousands of people all over the world, or helped suicide bombing and hijacking to be possible. If there are sufficient evidence pointing out that that person is an authentic Al Qaeda operative, it gives the federal authority the discretion to exert whatever means it sees fit for the situation. Furthermore, the Constitution entitles the authority to declare war or allowed an act of violence against a defined enemy, and for no other reasons, the CIA and other related agencies know exactly who the enemies are. However, that principle alone does not also entitled the executive or the authority to make fast decisions in killing an alleged terrorist member or ally. There must also be consensus and coordination between the executive and the legislative branch, the latter being responsible for the Constitution. Lastly, fair rules of engagement in waging war against

Ethical decision making in the workplace Essay Example | Topics and Well Written Essays - 1000 words

Ethical decision making in the workplace - Essay Example Restaurants and hotels are frequently accused of many environmental, and health and safety problems including obesity and diabetes. For example, McDonald’s has been accused a number of times in blogs, articles, social media websites, and research studies for having encouraged people to consume high-calorie foods. â€Å"[Globalization] has brought McDonald’s franchises to Mumbai†¦It has thus super-charged the â€Å"nutrition transition,† a term for the obesity-inducing shift from traditional to Western diets that accompanies modernization and wealth† (Harvard University, 2012). The digital media has provided the consumers with an insight into the work procedures and practices in the famous restaurants which raise many concerns among the consumers. For example, the video What are Chicken Nuggets Made of? uploaded on Youtube by TheYoungTurks (2010) is a very depressing video for the nuggets-lovers as it tells how the waste of chicken is combined, process ed, and treated into the mixture that the famous restaurants describe as Chicken meat. Ethical decision making in the hotel and hospitality industry requires commitment of the top management since the decision making authority rests with the top management. Ecological and environmental issues in the hotel and hospitality industry include but are not limited to the management of organic and inorganic waste produced in the restaurants, and improving the nutritional value of foods so as to make them safer and healthier for the customers. Ethical decision making requires restaurants to be very honest about what they are feeding their customers with. â€Å"Its important that parents know that the standards of food are good† (Balls cited in BBC News, 2010). Top management plays the fundamental role in making such information available to the customers since they are the decision-making authority rests with them. Delivering the customers comfort and good experience is

Environmental Audit Term Paper Example | Topics and Well Written Essays - 2000 words

Environmental Audit - Term Paper Example Environmental auditing is systematic process conducted at regular interval by responsible authority in order to identify operations and practices related to meet environmental requirement. When conducting the environmental auditing, the firm should frame certain criteria for conducting the audit. Effective criteria would enable the firm to assess the performance of auditing entity. If these criteria are inappropriate it will bring certain problems in making the auditing. The framed criteria should be measurable, acceptable, and should be reliable. The organization should make good planning regarding the conduct of environmental audit. This planning would help the firm to know the required time to complete the auditing procedures and to identify potential problems in the audit etc. â€Å"For planning for successful audit assignments, the auditor needs to understand the auditees’ commitments in terms of financial norms, compliance requirements, and performance expectations. Thi s would determine what procedure is to be followed† (Guidance on Conducting Environmental Audit 9). If a firm proposed to conduct environmental audit, it should have clear objective about the auditing, and the firm should determine the steps to be undertaken by the firm to achieve the desired result. The firm should determine the audit scope, areas of auditing etc. The audit objectives includes the following†¢Ã‚  To recognize improvement opportunities.†¢Ã‚  To assess the internal policies for conducting environmental audit.... Environmental audit generally conduct in the following areas Material management and savings of material. Waste management and effective disposal of waste. Economy use of water resources. Effective utilization of energy resources. Performance pertaining with the environmental management system. Air pollution and preparedness to prevent air pollution. Noise pollutions control and preparedness. Conducting environmental auditing is the responsibility of companies, and it is their duty to keep environment free from the pollutions. The companies should evaluate their commitment toward society and they should not make any harm to the environment. Companies should utilize the natural resources in right manner and it should not exploit. Today government has imposed many regulations on the companies to protect the environment from the pollutions. â€Å"Through adoption of clean technologies and improvement in management practices for prevention and control of pollution is not only mandatory but also has got wide acceptance among the industrial community. Charter on corporate responsibility for environmental protection (CREP) also calls for commitment and voluntary initiatives of industry for responsible care of the environment† (Environmental Auditing 1). Environmental auditing reviews company’s operations and process in order to assess company’s compliance with environmental rules and regulations. Environmental auditing cover broad areas of business including building and building site. Many companies are using environmental auditing as a valuable tool of business resources. The auditing helps the company to bring many advantageous such as to know the problems relating to air, water, and land and to gain

Quantitative Analysis of Cinematic Statistics Research Paper

Quantitative Analysis of Cinematic Statistics - Research Paper Example Table 1, Appendices A shows total numerical values used for this analysis. The related trend between cinemas and screens as shown in Chart 1 Appendices A is that the number of screens increased over time in correlation with the number of cinema sites; however, as cinema sites tapered off, screens maintained a slight increase. The index number inferences, shown in Index A and B, Appendices A, describe a relative increase for screens of 5.5 percent in 2004 based on 1994, but only 0.3 percent for cinemas. Admissions revenue based on 1994 delivered a price relative average increase of 3.8%, and based on 1999 the price relative was only 2.8% as related in Index C, Appendices A. Furthermore, Chart 2 Appendices A describes the relative increase of admission revenue which can be correlated to the amount of screen increase per cinema. This infers that the more screens per cinema, the higher revenue increase. This is a good indicator for management staff that more revenue is generated the higher the concentration of screens, and for the customers this allows more mo vie options in a singular location, further increasing admissions revenue. Chart 3 Appendices A shows the sharp increase of admission revenue as cinemas increase, which induces the trend of a positive relationship. Using the linear regression equation y = 5.6951x - 3722.7, it can be derived that there is a trend of increase in admission revenue in relationship to cinemas sites. The correlation coefficient equals 0.877, which is a high value which infers a positive relationship between increase in admission revenue and cinema sites. The forecasted admission value for 2005 is 780.6082 m provided that 772 cinemas are built. Admissions and Cinema Screens Chart 4 Appendices A demonstrates a dramatic slope accession of admissions revenue as screens increase/ Linear equation Linear equation y = 7.3519x - 502.72 trends at a higher correlation between admission revenue and screens that noted in admissions and sites, the correlation coefficient with screens is 0.98486, intuitive of an impressive positive growth relationship between these factors. The forecast for admissions in relationship to screens in 2005 would be 25229.1m, provided that 3500 screens are built and the market can support that amount of cinematic screens, if 350 screens are built, the 2005 forecast would be 2070.45m, a more plausible plan of action. Gross Box Office (GBO) and Cinema Sites Chart 5 Appendices A plots the relationship between GBO and cinema sites, showing a sharp increase in GBO in relation to the increase in sites. The linear equation y = 0.0361x = 651.7 concludes to this positive relationship with a correlation coefficient of 0.892993 further demonstrates the solid positive increases in GBC as it relates to cinema sites. Forecasting for 2005 with 772 cinema sites-meaning that one cinema is inoperable-would bring a GBO of 3221.81 m, a slight decrease from 2004, but significant of the relationship between the number of cinemas and GBO. Gross Box Office (GBO) and Cinema Screens GBO and cinema screens also have a correlative relationship as visualised in Chart 5 Appendices A. This chart signifies powerful growth as the number of

Politics of Japans Constitutional Reform Essay Example | Topics and Well Written Essays - 2000 words

Politics of Japans Constitutional Reform - Essay Example Meanwhile the Democratic Party of Japan (DPJ), the leading opposition party, is also developing a constitutional revision proposal. While one considers that the postwar constitution has never been amended, the historical significance of these developments is inevitable. This progress among the country's leading parties comes from the fact of nearly a decade of public opinion surveys which shows that majority of the citizens of Japan are in favor in changing their constitution. Taking into consideration these recent developments, Watanabe Osamu, a Hitotsubashi University professor who closely follows constitutional politics, declares: "Constitutional revision has now been placed on the political calendar for the first time in the postwar era."1 Although the contemporary revision debate includes controversial issues such as the role of the emperor, the reorganization of local government, the separation of powers, and the basic rights of citizens, one passage in particular continues to cast a shadow over the entire enterprise: Article Nine, the famous "peace clause" renouncing the possession and use of force for settling international disputes which for the longest time had been the primary target of revisionist fervor. Article Nine was at the center of the first serious revision debate in the 1950s and controversies arising from its treatment helped to stir up the contemporary revision movement in the 1990s. There are numerous reasons why many constitutional reformists have long sought to change Article Nine. For some, it serves as an obstruction to the recognition of the nation's sovereignty. This idea comes from the fact that the postwar constitution was drafted under the U.S. occupation, and Article Nine, whatever its accurate origins are, was one of the three nonnegotiable demands by General Douglas Macarthur imposed on the Japanese after the wars. Thus, it is not a surprise that reformists frequently qualify Article Nine as an adjective of "U.S.-imposed." While for others on the other hand, the peace clause is a hindrance to national muscularity. As stated in the article, elucidations of the article's sweeping language have placed limitations on Japan's military and its capability to use force in foreign affairs. Every now and then these constraints have complicated Japan's relationship with its lone coalition partner, the United States, as well as efforts to increase Japanese influ ence in the United Nations. Lastly, there are some who favor revision because they see Article Nine as a barrier to the honesty of the nation as a whole. Following major reinterpretations in the early 1950s, Article Nine has been continuously parsed in ways both large and small as the domestic and international political landscapes have shifted. Consequently, it may be argued, Japanese security policy no longer mirrors a stern interpretation of the peace clause, and the constitution should thus be brought into line with reality. These arguments are not new. In fact, reformists have advanced various versions since the 1950s which raises two important questions. First, why has Article Nine survived so long without amendment Second, why has the Article Nine issue returned to the political agenda with such force in recent years Interpretation of Article Nine Article Nine is a political manifesto that serves as a declaration of general principle confining state action. In this sense, it is similar to