Language structure and stage devices Essay Example for Free

Language structure and stage devices Essay A View from the Bridge is still relevant to a contemporary audience. Discuss this in relation to Millers use of language, structure and stage devices; showing how they are used dramatic effect.  Miller intended the play to be a modern version of a Greek tragedy and even though Miller set the play in a specific time and a specific place it still resembles that of a Greek tragedy. Miller has inputted a bit of him self into the play as the play is also based on his personal experiences. He confronts the audience with a situation which we know the outcome of, due to the timeless structure also used in Greek theatre. A View from the Bridge is and always will be relevant to todays events, society and happenings because of its Greek theatre influence, using very strong morals and timeless themes. Such as: Love, Betrayal, Hate, Jealousy, honor, and Identity, Which are maneuvered in and out of the play.  In the opening section of the play Miller sets the scene in Red Hook, the slum that faces the bay on the seaward side of Brooklyn Bridge, portraying to the audience the areas personality. Miller manages this to a fine art, as he visited and worked in Brooklyn as a ship-fitter and therefore knew the area and its surrounding people well. While in Brooklyn, he heard a story from a lawyer friend which was of a longshoreman who had snitched to the immigration bureau on two brothers who were living illegally in his home just to stop an engagement between one of them and his niece. This story is where he got most of his ideas from. Due to this he was able to describe through his use of language all the events so they have a realistic feel which could make the reader feel like it could have been set in todays society. The broken English used in the play, as a device, shows how uneducated the characters are but also how identifiable they are with people in society today. Words missing or words abbreviated, using an apostrophe, show this. They been pullin this since the Immigration Law was put in! They grab a green kid that dont know nothin', this broken speech is still direct and can be understood but still shows how the character feels. The language is used, like in Greek theatre, to also describe the settings with quite some precision. The devices Miller uses can also communicate to the audience what speech cannot. Furthermore, the language Miller uses combined with the stage devices he uses can communicate something completely different. For example: when Eddie is teaching Rodolfo to box and there is overlapping dialogue from Beatrice and Catherine which builds a lot of tension from I dont want to hit you, Eddie to No, no, he didnt hurt me., (Page 41) after the climax is reached when Eddie punches Rodolfo. The overlapping dialogue is meant to show confusion and a build up of tension to when Eddie hits Rodolfo. Although the overlapping speech builds up tension the audience knew that this would happen. Another example of language or even the lack of language and dialogue being used as a dramatic device is while Marco is lifting the chair (page 42). This is all done through language being used as a dramatic device. Here, is all that Marco says, the rest is communicated by his actions as he wants to communicate to Eddie what he cannot say aloud. He transforms what might appear like a glare of warning into a smile of triumph, and Eddies grin vanishes as he absorbs his look, this still has the intended impact that Marco wanted on Eddie without speech involved. This is very similar to what might have been used in Greek theatre, using acting and stage devices instead of language. Even today in every day life we do the same, using physical actions instead of words. Miller uses a lot of different techniques and devices to portray different ideas to the audience, to create meaning and make them understand. The stage devices Miller uses create meaning for the audience and reveal subtext, showing the inner feelings of the characters. For example: the phone booth glowing (Act 2, page 49), A phone booth begins to glow on the opposite side of the stage; a faint, lonely blue. Eddie stands up, jaws clenched, this reveals an amount of subtext to the audience showing them that Eddie is thinking of phoning the Immigration Bureau. The revealed subtext is also showing us that Eddie is feeling angered and is trying to hold back on something, causing more tension. Another example of language being used as a dramatic device is while Eddie is taking cheep shots at Rodolfo making out that he is homosexual with the dramatic devices before and after the comments, using a newspaper as his prop. (He has been unconsciously twisting the newspaper into a tight roll. They are all regarding him now; he senses he is exposing the issue and he is driven on.)I would be someplace else. I would be like in a dress store. (He has bent the rolled paper and it suddenly tears in two.

VIOLENCE IN THE MEDIA: DO WE REALLY CARE? :: essays research papers

The TV is designed to show images more than to go deeply into the information, where the written press takes the baton because it is a way for nature reflexively: the reading. The radio, in turn, has the gift of entertaining and to make reflect because of being a way that is transmitted, in general, live and that does not need the whole attention of the listener. The opposite thing happens in the television which audience is attracted by the magnets of the explosions, the fire, the pursuit, the shots, this means: scenes full of violence... it is enough to see to raise the "rating" of the newscasters when there are brutal notes compared with the information of the long speeches in political discussions considered boring because the image stays static in a certain speaker and lacks of dynamism. The TV is a way for the action, not the reflection. It is done to optimize the entertainment, it means, to be relaxing and to manipulate, not to think, not even to grow... This leads us to the following questions: Is the people who asks for violence?, or with what purpose the media offers it? The climate of hostility has been intensified?, or it is a faithful reflex of a social decomposition due to the unemployment, the shortage of money and the radical political changes through which the nations cross? Nobody knows the answers of these questions, but the television stays as the only window opened a world supposedly better. The addiction to the TV and the lack of communication in home prohibit the people the balanced development of their capability to have relationships and the acquisition of qualities as the ease, the good deal, the affability, the comity; the nobleness in the males and the thin sensibility in the women. The people who remain a lot of time in front of an electronic equipment, the TV or a computer, lose the necessary talents to be with other human beings and those people who shelter and construct themselves a perspective of the world across the television world, have much more hostile vision of the reality. For this reason, they behave with more hostility and less solidarity. The viewer has the trend to increase consuming and every time worse. He prefers being isolated; each one looks at the TV in his/her own place: father, mother, son and daughter.

Cook Chill

1. 0 INTRODUCTION Cook-chill and cook-freeze food productions are ways of producing foods that have been employed by many different organizations determining from the types of foods and services that the particular organization offers. These types of cooking methods work hand-in-hand with the kitchen designs. Kitchen design refers to the layout of kitchen equipment and positions of the working sections to produce foods that meet the needs of customers and thereby reaching the goals of the establishment. 2. 0 A KITCHENA kitchen is described as a building or a room in a building that has been specialized for cooking purposes only. Different establishments have their own types of kitchens with different designs that serve different purposes. Some kitchens are designed special for catering customers on transit such as Fast Food restaurants but some kitchens has to cater for a specific group of people using a specific type of service, thereby it has to have the right number of employees w ho will do the job and enough equipment to save time as well as energy. 3. 0 KITCHEN PLANSThere are different types of kitchen plans that have a specific purpose of operations. If a kitchen is designed for a particular way of production, it has also specific type of equipment available in that kitchen plan. There are different types of kitchen plan some of them are discussed below. 3. 1 Corridor kitchen A corridor type of kitchen, the appliances, cabinets and counter space are arranged on two facing walls. If the room is not too long, this can be an efficient kitchen. However, if both ends of the kitchen have doors, traffic through may create confusion. 3. 2 U-shaped kitchenThis type of kitchen is usually considered to be the best type of a kitchen which has the best work triangle because of its convenient arrangement and short walking space between appliances. It has a determined floor space and accommodates a determined number of workers. 3. 3 L-shaped kitchen This type of a kitch en creates an easy-to-use work triangle. If the kitchen space is large enough, an eating center can be included. This is the situation whereby customers serve themselves. 3. 4Center type of kitchen This type of kitchen is the most common type of kitchens that most establishments have employed.The working area is on the center as the name suggests but does not provide enough space. Figure 3. 4. 1 3. 5 Island type of kitchen All the necessary equipment in the kitchen is placed back to back in the middle of the working area. This type of setting requires an adequate space to allow an easy flow and enough space between the equipment for easy cleaning and to avoid creating dark areas that introduces insects. 4. 0 WORK CENTERS A work center is an area that focuses on a particular type of work activity such as preparation or cooking.Includes appliances and work space and that the necessary equipment is stored within for easy reach as depicted in figure 4. 0. Figure 4. 0. A chef preparing a meal from a working center. 4. 1 Refrigerator-freezer center * The refrigerator and the freezer have space next to them to use when loading or unloading foods. * A storage space is needed for items used to package food for refrigeration. * Storage space for items used when serving refrigerated or frozen foods. 4. 2 Range center(gas/ electric range) * Cabinet storage for foods used at this center. Storage space for pots, pans, cooking tools such as ladles, wooden spoons and pot handlers. 4. 3 Sink or cleanup center * Appliances such as dish washers and food waste disposers are found in these centers * Adequate space for stacking dishes 4. 4 Mixing center * Can be between two centers * Has several electrical outlets * Storage space for measuring, mixing and baking equipment and all the necessary ingredients 5. 0 TYPES OF KITCHEN ORGANISATIONS 5. 1 Conventional kitchen * They are suitable for small establishments They have fixed menus and banquets operating on rational basis * All dep artments are grouped together in blocks * Preparation and finishing are done in the same area 5. 2 Combined preparation and finishing kitchen * They are suitable for medium sized hotels or establishments * Preparation and finishing are done in the same section * In principle, preparation and finishing are totally or partially separated depending on the establishment 5. 3 Separate preparation and finishing kitchen( Satellite kitchen) * They are suitable for large establishments Preparation and finishing are done in separate sections; mis-en-place and the other one for finishing * Each section consists of one housing all the equipment for preparation of the dishes * Usually, they have no ranges, frying pans or steamed jacketed pots. Instead, they have grills, microwaves and Bain Marie. * 5. 4 Convenience food kitchen * a system of interest to the establishment that has no preparation kitchen but purchases only convenience foods * deals with the finishing of foods only and mostly canne d foods * require refrigerated and dry storage areasIn selection of these types of kitchen, consideration should be given * numbers of meals to prepared at each meal period * types of services * customer prices * system for serving meals * serving times for hot and cold meals 6. 0 FACTORS THAT DETERMINE THE DESIGN OF A KITCHEN 1. Service requirement: Management should be well aware of a food service objectives before planning its kitchen, type of menu and target numbers, etc usually determine the type of equipment to be in the kitchen 2. Space availability: One that maximizes space wage or that ensures efficient usage of space. 3.Amount of capital expenditure: Have an accurate idea of spending available since finances will often determine the overall design and acceptability. 4. Type of equipment available: Space provision for ventilation and power supply of the kitchen. 5. Use of convenience foods: Design of a fast food kitchen using ready-made foods will be different from that of a kitchen serving †¦. la carte menu. 7. 0 FOOD HYGIENE A number of factors may affect the quality and wholesomeness of food. * The premises, equipment and conditions in which it is stored * The care taken by food handlers to avoid contamination from other foods.Large scale handling of food by staff not trained or conscious of hygiene requirements is a major source of infection. In such circumstances, cross-contamination can easily occur. * Allocation of the kitchen * The number of people passing by the kitchen * Contact of cooked food with raw foods or utensils and surfaces contaminated by raw foods is likely to become infected * Segmentation of cooking sections may contaminate high risk foods such as cooked poultry and meat (pies, soups, stock) milk, creams, custards, shellfish, eggs, cooked rice and dairy products. 8. COOK-CHILL FOOD PRODUCTION Cook-chill, according to John Campbell,David Fasket and Victor Ceserani (2008), is a catering system based on the normal preparation and cooking of food followed by rapid chilling storage in controlled low-temperature conditions above freezing point, 0–3? , and subsequently reheating immediately before consumption. The chilled food is regenerated in finishing kitchens, which require low capital investment and minimum staff. Almost any food can be cook-chilled provided that the correct methods are used during the preparation. 8. 1 THE COOK-CHILL PROCESS The food should be cooked sufficiently to ensure destruction of any pathogenic microorganisms. The process must begin as soon as possible after completion of the cooking and portioning processes, within 30 minutes of leaving the cooker. * The food should be to 3? within a period of 90 minutes. Most pathogenic organisms will not grow below 7, while a temperature below 3? is required to reduce growth of spoilageand to achieve the required storage life. However, slow growth of spoilageorganisms does take place at these temperatures and for this reason storage l ife cannotbe greater than five days. The food should be stored at a temperature of 0–3? and should be distributed under such controlled conditions that any rise intemperature of the food during distribution is kept to a minimum. For both safety and palatability the reheating (regeneration) of the food should followimmediately upon the removal of the food from chilled conditions and should raise thetemperature to a level of at least 70?. The food should be consumed as soon as possible and not more than two hours afterreheating. Food not intended for reheating should be consumed as soon as convenientand within two hours of removal from storage.It is essential that unconsumed reheatedfood is discarded. 9. 0 COOK-FREEZE FOOD PRODUCTION This type of food production is similar with the cook-chill system of production. The only difference is temperature conditions that the foods are placed in. 10. 0 COOK-CHILL AND COOK-FREEZE FOOD PRODUCTION RELATING TO THE KITCHEN DESIGN A type of a kitchen determines what type of food production system to be employed. 1. A conventional type of kitchen produces fast foods therefore, it can adopt the cook-chill production system.It would be easy to reheat the foods in the microwave than to start preparing; beef stew takes long to prepare and for a fast food restaurant, time matters most. 2. L-shaped kitchen creates a large working area which also creates room for the cook-chill or cook-freeze equipment since the equipment is big and requires a larger space e. g the blast chillers and deep freezers as in figure 10. 0. Figure 3. 0. A chef preparing a meal using a Blast chiller. 3. A u-shaped kitchen, though considered to be the best, would not be the best type of kitchen for a cook-freeze type of production.The equipment might need one corner of the room which cannot be possible because the corners might be occupied with other equipment. 4. A corridor kitchen might also not be suitable for cook-chill systems because the equipmen t is placed in the sides of the kitchen which creates much space for an easy work flow but little storage and working areas. 11. 0 Conclusion Cook-chill and cook-freeze are food production methods that are commonly used nowadays to produce food in most of the hospitality establishments worldwide.The cook-chilling and cook-freezing areas in the kitchen are compatible parts of the kitchen plan and design, therefore, for these areas to exists in a kitchen it has to be planned at first when building the kitchen. BIBLIOGRAPHY Fellows, PJ(2000). Food Processing Technology: Principles And Practice 2nd ed. Woodhead: Cambridge Food Standards Agency(2002). The Composition Of Foods,6th ed. MacCance: Cambridge Kowtaluk, H. & Kopan, OA. (1990). Food For Today(4th ed). McGraw-Hill:New York

The Concentration Camp During World War II - 921 Words

Have you ever experienced a bad event in history? Can you imagine being treated as if you were worthless? Back then during World War II, people suffered because of who they were as a person. Not only were they treated horribly in the physical state, but in their metal state as well. To begin with, in Auschwitz the Nazi’s were known as the rulers of Germany. Adolf Hitler joined the group when it first started, and became the leader in the year of 1933. Hitler is known for capturing and torturing innocent people because of who they were and what they believed in. In this concentration camp, Hitler held these innocent people as prisoners. However, most people believe Jews were the only prisoners held in Auschwitz, but that is not true.†¦show more content†¦Once the prisoners got to the camp, they had to give them all their clothing and all personal belongings such as an ID. They also had to shave every hair on their body. Once they did that, they no longer had a name, they had a number â€Å"Auschwitz†. The Nazi’s gave very little back to the prisoners as they did so much for them. For example, the prisoners slept on straw mattresses while they were there. Two to three prisoners would sleep together on these mattresses. There were also only 22 urinals and toilets to use â€Å"Clothing†. At the camp, they would either give them tea or coffee to drink and soup for lunch. For dinner, they would only give them a certain amount of bread with tea or coffee too. This is why some prisoners died from starvation â€Å"Clothing†. Furthermore, although the prisoners didn’t receive much, they weren’t able to complain. Prisoners would often work for 12-14 hours in factories, haul bags back and forth, carry stones, or carry dead bodies. To make it worse, the prisoners had to work in a fast pace or else something would happen to them. In other words, Nazis would force the Jews to work and while doing so, they would beat them. During working hours, they had minimal time to get up, eat lunch and march back for dinner â€Å"Clothing†. If the prisoners didn’t do what the Nazi’s ordered, they were punished. InShow MoreRelatedConcentration Camps During World War II1293 Words   |  6 PagesDuring World War II the German Army had constructed concentration camps in order to imprison people of their dislike, such as Jews. Concentration camps were great for the Germans, but they were not great at all for the people that were imprisoned them. There were many camps, some were work camps an d other death camps, yet they all had an evil purpose. Auschwitz, which was the â€Å"most effective† concentration camp of the Holocaust during the war, was the place where more than a million people lost theirRead MoreAuschwitz Concentration Camp During World War II1691 Words   |  7 PagesThe Auschwitz Concentration Camp INTRO: The Auschwitz Concentration camp was the largest active camp run by the Nazis during World War II. Built in 1940, on the ground of former Polish towns and neighborhoods. The Nazis bulldozed the houses and built the camp. Most of the camp consisted of Slave labor and execution facilities. The camp had gas chambers, medical facilities, and a crematorium. The camp consisted of three sub camps: Auschwitz I, Auschwitz II, and Auschwitz III. It also had many minicampsRead MoreThe Concentration Camps During The World War II1598 Words   |  7 PagesThe concentration camps started in 1933 when President Hindenburg appointed Hitler Chancellor in the twentieth century. 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In the end of the war, only twenty-two main camps and thousandsRead MoreAmerica s Concentration Camps During World War II1262 Words   |  6 PagesHumanities 2323 section 002 December 2, 2014 Word count: 1262 American G.I.’s in Concentration Camps During World War II the atrocities committed by the Nazis were so violent, and so reprehensible that Germany is still trying to make amends for them to this very day. I decided to do my final paper on just one specific group of people terrorized by the Nazis in their concentration camps, American GI’s. These GI’s were sent to a camp known as Buchenwald. The off shoot of Buchenwald was known as Berga. BergaRead MoreWhat Was Auschwitz? The Concentration Camps During World War II?1225 Words   |  5 Pageshorrific concentration camps in World War II, it was where the largest number of European Jews were killed in WWII during the Holocaust. Auschwitz was first constructed for Polish political prisoners, who began to arrive in May 1940. 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During the World War II era, allegiances fluctuatedRead MoreThe Role that Other Lesser-known Concentration Camps Play in the Holocaust1377 Words   |  6 PagesAs World War II continued on to in the spring of 1945, the prisoners in the Buchenwald concentration camp in Germany were worn down, starved of food, and weary. See, not many people know about the other concentration camps that took place during the Holocaust. Though Auschwitz and Dachau are the most commonly known concentration camps, the lesser-known concentration camps also played an important role in the Holocaust - such as holding prisoners of war due to their strategic geographic positionsRead MoreThe World s Understanding Of Human Rights990 Words   |  4 Pagesthat occurred in World War I and II that change the world’s understanding of human rights. I think the events that happened in the World War II is what made the world understand what human rights is. The world war started because of assassination of Arc hduke of Austria Hungary. Then the actual war started because Austria Hungary declared war on Serbia. The first world war I caused such a disaster such as failure of economic, failure of political and poverty. The Second World War II was worse than theRead MoreA Brief Look at World War II1521 Words   |  6 PagesWorld War II World War II was the largest war and the bloodiest war that the U.S. has ever been involved in. Forty to Fifty million people lost their lives during World War II. This was a war that lasted for about six years and involved countries from around the whole world. The axis powers in the war consisted of Germany, Italy, and Japan. The Allie powers consisted of the United States, France, Great Britain, the Soviet Union, and to a lesser extent, China. It is said that unsettled disputes from

The Creation Of Man ( Ge ) - 1994 Words

We have read about the creation of man (Ge. 1-2), education and punishment from God unto Man (Ge. 3-4), and lastly God’s Covenant with man through Abram (12-22). In the movie; Karate Kid, Daniel moves to Southern California with his mother but finds himself as the target of a group of bullies that happen to take karate classes at Cobra Kai; giving them an advantage at fighting. Daniel later seeks the help from his apartment’s repairman, Mr. Miyagi; who happens to be a master of karate. God’s relationship with man is not static but evolving, just as the relationship between Daniel and Mr. Miyagi because of the principal of listening, and following covenants made between different parties. We have read about God’s creation of man; Adam and Eve in Genesis 1-2, God’s education and punishment of both Adam and Eve in Genesis 3-4, and lastly God’s Covenant that he made with Abraham; the representative of man, in Genesis 12-22. In Genesis 1-2, God creates the first man named Adam. From Adam, the first woman is created, Eve. â€Å"So God created mankind in his own image, in the image of God he created them; male and female he created them.† (Ge. 1:27) In this passage, God creates male and female in the image of himself. While Eve was in the Garden of Eden, she was tempted by a serpent that tricked her with a piece of fruit from the tree of knowledge and life. This action of temptation leads to the banning of both Adam and Eve from the Garden of Eden. This is where we learn about theShow MoreRelatedGenetic Engineering in Humans1282 Words   |  5 Pagesis a source of debate among atheists and theists, in order to narrow the focus of this paper we w ill use Christianity as the default theist view. The basics of the Christian view on GT can be traced to this Bible verse from Genesis: â€Å"So God created man in his own image, in the image of God he created him; male and female he created them.† - Genesis 1:27 This verse in Genesis is the basis for a large portion of the debate from the Christian view. When humans alter their DNA, they are ‘‘steppingRead MoreJack Welch Is The Ceo Of General Electric ( Ge ) Essay708 Words   |  3 PagesJack Welch is the CEO of General Electric (GE). He has an exceptionally legitimate methodology with regards to dealing with his organization. As indicated by the video, Jack Welch anticipates that his workers will be lively, have high official capacity, and be energetic with an edge. Be that as it may, there is an extensive contention encompassing Jack Welch. Jack Welch sorts out his representatives in various levels taking into account execution. 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Most dramatically in 1989 and 1990, a (GE) brand of L-tryptophan, a common dietary supplement, killed more than thirty. Animal rights groups would normally

The Influence of Social Class on Language Variation. (the...

*The Influence of Social Class on Language Variation. (The Case of Pygmalion) [pic] *Introduction: -The aim of this paper is to introduce the ways in which language can vary, including change over time and variation within linguistic communities, the effects of contact between speakers of different languages and dialects, the development of language as it is being acquired and learned, the sporadic errors which can occur in normal language production, and the nature of speech and languages disorders (According to the study of the play called Pygmalion which we are going to talk about further on). Understanding these phenomena of language variation requires familiarity with, in particular, Sociolinguistics and Leechs Politeness Theory,†¦show more content†¦The Modesty maxim -The Modesty maxim states: Minimize the expression of praise of self; maximize the expression of dispraise of self. Oh, Im so stupid - I didnt make a note of our lecture! Did you? The Agreement maxim -The Agreement maxim runs as follows: Minimize the expression of disagreement between self and other; maximize the expression of agreement between self and other. -It is in line with Brown and Levinsons positive politeness strategies of seek agreement and avoid disagreement, to which they attach great importance. -However, it is not being claimed that people totally avoid disagreement. -It is simply observed that they are much more direct in expressing agreement, rather than disagreement. A: I dont want my daughter to do this, I want her to do that. B: Yes, but maam, I thought we resolved this already on your last visit. The Sympathy maxim -The sympathy maxim states: minimize antipathy between self and other; maximize sympathy between self and other. This includes a small group of speech acts such as congratulation, commiseration, and expressing condolences - all of which is in accordance with Brown and Levinsons positive politeness strategy of attending to the hearers interests, wants, and needs. I am sorry to hear about your father. -What we have just read could be examined and witnessed in the play called â€Å"Pygmalion†. -First of all the word (Pygmalion) means: Greek myth aShow MoreRelatedStylistic Potential of the English Noun16714 Words   |  67 Pages 1.1 Functions of the language and connotative meanings -7 1.2 Grammatical Stylistics and Stylistic Grammar -9 1.3 The meaning of the grammatical form -10 1.4 Noun in different functional styles -10 1.5 Stylistic potential of the English noun -11 1.5.1 Stylistic potential of the category of gender -11 1.5.2 Stylistic potential of the category of number -26 1.5.3 Stylistic potential of the category of case -30 1.5.4 Stylistic potentialRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesvi BRIEF CONTENTS 4 The Organization System 16 Organizational Culture 511 17 Human Resource Policies and Practices 543 18 Organizational Change and Stress Management 577 Appendix A Research in Organizational Behavior Comprehensive Cases Indexes Glindex 637 663 616 623 Contents Preface xxii 1 1 Introduction What Is Organizational Behavior? 3 The Importance of Interpersonal Skills 4 What Managers Do 5 Management Functions 6 †¢ Management Roles 6 †¢ ManagementRead MoreLibrary Management204752 Words   |  820 Pages . . . . . . . . . . . . . . . . . . . . 24 34 45 48 52 . . . . . . 54 . . . . . . 56 . . . . . . 57 . . . . . . 88 . . . . . . 97 . . . . . 101 . . . . . 103 . . . . . 104 xvii xviii Illustrations Figure 5.5. Political, Economic, Social, and Technological (PEST) Factors Impact Planning. . . . . . . . . Figure 5.6. Several Factors Must Be Considered in Initial Strategic Planning Steps. . . . . . . . . . . . . . . . . . . Figure 5.7. University of California–Berkeley Library’s Value

Transforming Finance And Business Education -Myassignmenthelp.Com

Question: Discuss About The Transforming Finance And Business Education? Answer: Introduction In the words of Gitman, Juchau and Flanagan (2015), share price movement is the change in the price of an asset or security, particularly in the short-term. In accordance with the above graphs, it could be observed that the stock price of Amani Gold Limited is fluctuating over the years, while the All Ordinaries Index have maintained almost the identical share price over the same time span. Therefore, it could be observed that high volatility is inherent in the stock price of Amani Gold, while the All Ordinaries Index has lower volatility due to constancy in the stock price movement. On the other hand, the correlation between the chosen stock and the marketing index is obtained as -0.30. If the correlation of two variables is above 0.5, it is positively correlated and a correlation of above 0.8 is considered as strong (Lee, Sameen and Cowling 2015). In this case, the correlation is negative, which denotes that the rise in All Ordinaries Index would result in decline of the stock price of Amani Gold Limited and vice-versa. The most significant announcements that have influenced the share price of Amani Gold Limited are Kebigada and Giro Gold Project. The major concentration of the organisation has been the Giro Gold Project in Congo for delivering a maiden resource. This was released 2017 after the announcement of a Maiden Indicated and Inferred Mineral Resource of 45.62 million tonnes for 2.14 million ounces of gold for the Kebigada deposit (Spcagent.co 2018). This is because these projects have the potential of hosting numerous ounces of gold. This significant development in cross-border nation has direct impact on its share price, since it has failed to generate sufficient revenues from the projects undertaken. As a result, the share prices have fallen in the domestic market due to which the shareholders are provided with lower returns. In addition, the organisation has 47,500,000 unlisted options, which were issued previously as portion of the consideration for acquisition of the Giro Gold Project and these have expired on 31st December 2016. This has resulted in fall of share price of the organisation (McLean and Zhao 2014). Beta helps in measuring the volatility or systematic risk of a share or a portfolio compared to the overall market. This is used in the Capital Asset Pricing Model (CAPM) that computes expected asset return depending on beta and anticipated market returns (Scholes 2015). As obtained from the annual report of Amani Gold Limited, the computed beta of the organisation is obtained as 1.05. According to the provided information, the risk-free rate is 4%, while the market risk premium is 6%. Based on such information, the required rate of return for Amani Gold Limited is depicted in the following table: Computation of required rate of return:- Particulars Details Units Risk-free rate A 4% Market risk premium B 6% Beta C 1.05 Required rate of return/Cost of equity A+C*(B-A) 6.10% In the words of Serghiescu and V?idean (2014), conservative strategy could be defined as the procedure, in which the investors prefer to invest in stocks carrying lower amount of risk while providing timely returns. A market comprises of different types of investors and they are divided depending on their level of risk tolerance. According to this tolerance level, the nature of the investors could be ascertained regarding whether they are highly aggressive, moderately aggressive or they do not want to bear any risk. In case of conservative strategy, the investors are either moderately aggressive or they are risk-averse. This strategy restricts the investors to obtain greater returns; however, during crisis situations, it helps in avoiding losses. As the beta of Amani Gold Limited is above 1, it indicates higher risk and the profit level of the organisation has declined over the years. Hence, investing in the shares of the organisation could not be termed as conservative investment, a s the investors might incur huge losses in future. According to the annual report of Amani Gold Limited, it has been found out that the organisation has not presented any long-term loan in its balance sheet statement. Hence, it does not have any cost of debt. Thus, the weighted average cost of capital is computed as follows: Computation of weighted average cost of capital (WACC):- Particulars Details Units Total debt A $ 4,87,013 Total equity B $ 2,56,74,183 Total capital C=A+B $ 2,61,61,196 Percentage of debt D=A/C 1.86% Percentage of equity E=B/C 98.14% Cost of debt F 0% Cost of equity G 6.10% Tax rate H 30% WACC (G*E)+(F*D)*(1-H) 5.99% WACC is defined as the average of the minimal after-tax required rate of return that a firm needs to earn for all its stockholders. In order to calculate WACC, long-term borrowings, tax rate, common equity and preferred equity are taken into account. The public firms have various financing sources and WACC plays a crucial role in balancing the related costs of the different sources. If there is increase in WACC, the risk level of an organisation increases and vice-versa (Werner and Stoner 2015). An increased WACC denotes that the organisation needs to devise out a path to earn excess return that would help in combating with the increased level of risk. References: Gitman, L.J., Juchau, R. and Flanagan, J., 2015.Principles of managerial finance. Pearson Higher Education AU. Lee, N., Sameen, H. and Cowling, M., 2015. Access to finance for innovative SMEs since the financial crisis.Research policy,44(2), pp.370-380. McLean, R.D. and Zhao, M., 2014. The business cycle, investor sentiment, and costly external finance.The Journal of Finance,69(3), pp.1377-1409. Scholes, M.S., 2015.Taxes and business strategy. Prentice Hall. Serghiescu, L. and V?idean, V.L., 2014. Determinant factors of the capital structure of a firm-an empirical analysis.Procedia Economics and Finance,15, pp.1447-1457. Spcagent.co. (2018). [online] Available at: https://spcagent.co/nwr-amani//wp-content/uploads/sites/38/2017/09/ANL-1.pdf [Accessed 3 Feb. 2018]. Werner, F.M. and Stoner, J.A., 2015. Transforming finance and business education: Part of the problem.Journal of Management for Global Sustainability,3(1), pp.25-52.