Responsible Gambling Assignment Example | Topics and Well Written Essays - 2000 words

Responsible Gambling - Assignment Example It is done in order to save the customers from the negative impacts of gambling or gaming. Apart from this, maximum extent of the industries or organizations operating in this industry try to implement land-based and online gambling services so as to enhance the reliability of the customers (Wenderoth, 2009, p. 21). Other than this, with the help of responsible gaming or gambling process, the customers get protection from vulnerable practices, protection against fraud and non-ethical behaviours of other consumers, maintenance of varied information’s utterly private, ensuring prompt payments, delivering a fair and ethical gaming experience, high-level of commitment is also observed to enhance customer satisfaction and demands to retain them. Such types of behaviours are extremely essential for the consumers of the industry of gaming or gambling as their age-bar differs from one another. The prime target audiences seen in the industry of gaming or gambling are mainly youths within an age limit of 18 to 28. In order to fulfil their excitement and fun, maximum extent of these youths of the wealthy families of China, Thai and Korea enter into this sector. The individuals getting attracted to gambling, desire to attain relief from varied types of mental distress and tension, so it is extremely essential to present humble behaviour with them. Otherwise, due to certain fraudulent conducts, he or she might get disturbed resulting in breakdown of their physical and mental health. Due to which, the reputation and image of the organization might get ruined resulting in switch-over of numerous other customers as well. Moreover, adults and parents, suffering from varied types of economic and social hardship, desire to engage themselves in gambling to get rid from such problems. Thus any type of worse behaviour might create an

Importance Of The Education Essay Example | Topics and Well Written Essays - 1250 words

Importance Of The Education - Essay Example Consequently, they adapt easily to their environment, hence promoting their success. Further, the liberal education grants the learners the ability to get involved in more than a single field. This follows the different skills acquired that help the students to change their careers whenever viable opportunities arise. Liberal studies also give individuals opportunities to pursue their passions in life. Involvement in one’s passion increases the motivation of the individual. Therefore, an individual strives to give the best, which contributes to success in life. Given the continued advancements in technology, students get equipped with skills that apply widely, instead of specific skills that may get outdated with time. As a result, the individuals remain relevant to the society as they draw on the universal skills to cope with the changing times in the society. In â€Å"Behind the Boom in Chinese Students at U.S. Colleges,† Naomi Rovnick argues that Chinese students who acquire an American education have a better chance of being employed by western companies in China because they acquire ‘a broader cultural perspective’, which makes it easier for them to get integrated into such companies. The fact that â€Å"multinationals tend to prefer hiring sea turtles because they come with better inter-cultural skills† explains this (Rovnick 1). Then they go to study, the students get to learn how to relate with people from different cultures, thus enlarging the perspectives they hold in life.

Women and Learderhip Essay Example | Topics and Well Written Essays - 500 words

Women and Learderhip - Essay Example An example is the trait leadership theory. In this theory, it is believed that some people are born to lead. They inherit traits that deem them viable leaders. In the early days, men were the leaders and few women if any were given leadership roles. Thus, the inheritance theory insinuates that the leadership traits are passed down along gender lines. However, such traditional leadership theories have been modified by more current leadership theories. An example of such a theory is the behavioral leadership theory. In this scenario, leadership traits are acquired rather than inherited. The current theories are not gender biased and thus, anyone with the capability of acquiring the traits is regarded as a leader. The theories also give opportunities for people to rise to leadership responsibilities. Napoleon was a great leader and he led his army into many successful battles. The fact that he was participating in the war and fought along his men says that he led by example. This is considered as one of the most important traits in leadership. Leading by example creates confidence among the people working under you. Building confidence ensures that there is a good working environment and that the activity that people are undertaking is productive. Leading by example also allows a leader to evaluate the various situations that people encounter in the process of any activity. Thus, if any, immediate decisions need to be made, a leader can easily make a sound decision as he/she was involved in the proceedings. In this case, situational leadership is effective in cases where the leader was actively involved in the project. Leading by example allows for an environment where leaders can interact with their staff. Through this interaction, a leader gets to know areas where his/her team is weak and can rectify it so as to give a maximum output. Leaders interacting with their teams also create an environment where any team player can relay any

Foam Stored Pressure Fire Extinguisher Essay Example for Free

Foam Stored Pressure Fire Extinguisher Essay Introduction The fire extinguisher is a portable device used to put out fires of limited size. Such fires are grouped into four classes, according to the type of material that is burning. Class A fires include those in which ordinary combustibles such as wood, cloth, and paper are burning. Class B fires are those in which flammable liquids, oils, and grease are burning. Class C fires are those involving live electrical equipment. Class D fires involve combustible metals such as magnesium, potassium, and sodium. Each class of fire requires its own type of fire extinguisher. Foam extinguishers use an aqueous film forming foam (AFFF) agent that expels a layer of foam when it is discharged through a nozzle. It acts as a barrier to prevent oxygen from feeding the fire. Although each class of fire has a specific extinguisher, the foam extinguisher is useful for both Class A and Class B fires; however, it is best suited for Class B. This description explains to the general homeowner the structure, assembly, and operating principle of the foam fire extinguisher. Fire extinguishers come in many sizes depending on the preference of the buyer. Foam fire extinguishers consist of a metal cylinder filled with an aqueous film forming foam usually under pressure of some form of non-flammable gas. A siphon tube directs the foam up through an assembly consisting of a handle and operating lever, which is secured during any period of non-use by a safety pin. The operating lever, when depressed, allows the foam to spray out of a hose connected to the siphon tube. Most extinguishers are replaced after a single use in order to assure dependability and to lessen the possibility of malfunction. The foam fire extinguisher contains five interlocking parts: *Safety pin *Handle *Hose *Operating lever *Siphon tube (See Figure 1 on following page) Figure 1 Parts of a foam stored pressure fire extinguisher. Description and Function of Parts Handle. The handle is usually a solid, unmovable piece of metal that stretches horizontally above the cylinder. Attached securely to the metal cylinder, the handle is the part by which the fire extinguisher is meant to be carried and held while in use. Operating Lever. The operating lever is connected to the handle above and to the siphon tube below. After the safety pin has been removed, the operating handle can be depressed, allowing the foam inside to be released into the hose. Safety Pin. The safety pin is constructed of a durable metal and is intended to keep the operating lever from being depressed while not in use. The pin is intended to be removed before any use of the fire extinguisher. Hose. The hose is a piece of rubber tube approximately two to three feet in length. The hose is connected to the siphon tube through the operating lever. When the lever is depressed, it is through the hose that the foam is allowed to escape. During use, the operator must hold the hose in order to direct the foam spray. Siphon Tube. The siphon tube is a stainless steel rod approximately the same length as the cylinder. Located inside the metal cylinder, the siphon tube is connected to the operating lever. When the lever is depressed, the foam is powered up the tube by the pressurized gas and expelled through the hose. Metal Container. The metal container containing the extinguishing foam varies in size depending on how much liquid it holds. The typical household fire extinguisher usually contains approximately 2 liters of foam. The cylinder is constructed of several layers (See Figure 1). The outer layers are usually thin layers of fire resistant sheets. In the middle, the bulk of the cylinder is made of steel. The innermost layer is a thin sheet of aluminum that separates the steel core from the foam inside the container. Summary and Operating Description As described, the foam stored pressure fire extinguisher is quite simple in its design. Constructed from parts intended to make the extinguisher easy to use and also to allow the extinguisher to be safely kept in any household, the foam stored fire extinguisher is a necessary part of every home. For safe recognition, all fire extinguisher use picture/labeling to designate which types of fires they are to be used on. Most fire extinguishers are labeled with colored geometrical shapes with letter designations. Although the foam stored pressure fire extinguisher can be used on both Class A and Class B fires, it is best used for Class B; therefore, it is most likely to be only labeled with the Class B shape and letter designation (Figure 2). However, some companies place both Class A (Figure 3) and Class B descriptions on the cylinder allowing users to know that it can be used for both classes of fires. Figure 3 Class A fire labels. (Crown Fire Equipment) Figure 3 Class B fire labels. (Crown Fire Equipment) In the case of a Class A or B fire involving combustibles (such as wood, cloth, or paper) or liquids (such as oil or grease) the foam fire extinguisher is very useful. In an operating cycle, the fire extinguisher is picked up and held by the solid handle. After the safety pin is removed, the operating handle is depressed, allowing the foam inside the metal container to flow up the siphon tube and out of the hose to extinguish the fire.

The Message Of Islam Theology

The Message Of Islam Theology The word Islam is derived from the root word salaama means peace, obedience, purity, and submissions. Islam means abiding peace and obedience to the will of God. While other religions derive their name from either a tribe, or a geographical area or a founder, and Islam derives its name from the central ides of peace and submission to god. The followers of Islam call them as Muslims or Musalmans. The word Hindu is derived from the Sanskrit root word Sindhu and used by Persians, ancient Greeks and many foreigners to denote the people who lived beyond the river Indus. The word Hinduism was invented by the british scholars in 1830s to denote the religious traditions of the native Indians to distinguish them from the other recognized religions. The message of Islam came to Muhammad for the first time through the angel Gabriel in 610 A.D., in a cave on Mount Hira. He kept on receiving the answers to his questions rest of his life and then he put all together in the book called Quran, which is the only holy book of Islam. Quran is the only book in the world which cannot be ever translated. Hinduism considers Vedas as their teachings of God. The Vedas are the earliest sacred books of Hinduism. The end part of Upanishads, which constitutes the philosophical base of Hinduism known as Vedanta and contains the elements of monotheism and description of God as the supreme deity of universe. Other important sources of Hinduism are the Vedantas, the Puranas, the Bhagavad Gita, Tantric texts, the Ramayana and the Mahabharata. As Aldous Huxley once said The Bhagavad-Gita is the most systematic statement of spiritual evolution of endowing value to mankind. It is one of the most clear and comprehensive summaries of perennial philosophy ev er revealed; hence its enduring value is subject not only to India but to all of humanity. The muslims practices the following so called Five Pillars, which are mentioned in the Quran. Shahadah is also known as the daily recitation of There is no God but Allah, and Muhammad is his messenger (Quran). Salat is the rituals performed Five times a day: dawn, at midday, mid afternoon, sunset, and nighttime. Zakat which is the amount of money from a persons total income donated to the poor and the needy. Sawn which is a period of fasting from dawn to dusk in the ninth month of muslim calendar. During this fasting muslims avoid all food, liquid, sex and tobacco. The final pillar is called Hajj which is the pilgrimage to a sacred city of Mecca once in their lifetime. In Hinduism God is worshipped in many different ways. The daily rituals are performed by an individual several times a day in which offerings are made to gods, the elements, ancestors, animals and the humans. Many people also worship by visiting the temple everyday in the morning. Ramayana states that Wealth springs fr om dharma, from dharma comes happiness and one gets everything from dharma. Dharma is the essence of this world(Valmiki). Pooja is the popular form of worship in which prayers, chants, flowers, incense sticks, and others things are offered to gods, like said in Ramayana Whatever is ones food, the same food shall be offered to ones gods (Valmiki 2.103.30)Some Hindus also participate in satsangs or religious gatherings and perform the singing and chanting of the names of gods. Many Hindus practice fasting on specific days of the weeks or on some festivals. Hindus also visits certain sacred places and temples for their own beings. A visit to Varanasi for a dip in Ganges is considered very purifying and spiritual uplifting. There are many festivals celebrated by hindus out of which some are Diwali, Navaratri, Uttarayan, Ganesh Chaturthi and many more. Muslims deny believing or worshiping any other god but Allah, who is their almighty. He is not only the highest god of muslims, but also of all the people in the world. He is close to his loyal worshippers, whom he forgives their sins and blesses them with peace and happiness. They believe in free will and fate. According to muslims, Allah knows everything that happened, that has been happening and that will happen. He made humans responsible for their actions and choices. Anyone can convert to Islam easily. According to their traditions, anyone who follows Allah and takes Muhammad as his messenger becomes a muslim because Quran says that He who obeys the Messenger has indeed obeyed Allah (al-Nisa 4.80). Hinduism believes in existence of Brahman, the supreme Lord of the universe who is eternal and stable. Three gods Brahma, Vishnu, and Shiva are his three main forms which are endowed with their work of creation, preservation and destruction. According to Hindus, god can be worshipped in too many different ways. Many Hindus worship gods into their personal forms chosen by themselves. Hinduism believes in worshipping god as in the image or the statue or an object. They also believe in peaceful life lived with truth and honor, like once said in Mahabharata, Should even ones enemy arrive at the doorstep, he should be attended upon with respect. A tree does not withdraw its cooling shade even from the one who has come to cut it (12.146.5). And Mahatma Gandhi also said I have no other wish in this world but to find light and joy and peace through Hinduism. Hinduism and Islam believe in the God as a supreme Lord of the universe, and as a creator of the whole system. Both religions believe that god has blessed humans with free will which make themselves responsible for their actions and choices. Allah is known by 99 names and the person who learns them all by heart goes in the heaven. The Brahman of Hinduism also has many names and by chanting them a person can attain him. Both believe that god responds to all the people who worship him and blesses them. Hinduism believes in karma. Islam believes that good rewards for good deeds and punishment for bad dreams. And Quran states Whoever does good deed, he shall be repaid ten-fold; and whoever does evil, and he shall be repaid with evil (5.32). Both religions believe in non-violence and killing no human life. In Hinduism the path of truth is far more important than the belief or disbelief in god. Islam does not recognize any other religions other than they are specifically mentioned in Quran . We believe in that which has been revealed to us and revealed to you, and our God and your God is One, and to him do we submit (29.46). Muslims believe that they in something that is been revealed to them and believe that everybodys god is same. Both religions believe in praying gods and reciting their name and ask for gods forgiveness. Muslims believe in praying only one god Allah, where as Hindus pray to one god but in different forms and incarnations. A person can be converted to Islam by praying to Allah or by taking Muhammad as their own messenger. Whereas in Hinduism a person becomes a Hindu by birth or by personal choice, without taking any messenger or following particular god permanently. Islam does not accept anyone between humans and god and in Hinduism there is a presence of priest for the right directions. Islam does not have any high priest or gurus, whereas Hindus has like the highly respected gurus who people follow and seek for more knowledge from them. Islam does not believe in rebirth. Hindus believe going in heaven or hell but they believe that the soul gets its freedom back through rebirth. Hinduism does not have the concept of messengers like Muslims have Muhammad as their messengers to god. Muslims laws are well versed in Quran as to punish the one who oppose the commands of Allah, and in Hind uism the laws are not imposed by the religious groups or people but are through the government. Islam does not accepts god as his own creation where as Hindus accept that god is a supreme Lord of his creation and also as an individual as atman in every human-being as it is stated in The Bhagwad Gita, The power of God is with you at all times; through the activities of mind, senses, breathing, and emotions; and is constantly doing all the work using you as a mere instrument. Hinduism does not see any difference between god and other living beings. In Islam man can only be the true follower of god and the others are made just to benefit man. In Islam there is no concept of Trinity. They believe that god is one and only. Hinduism has three highest forms of god known as Brahma, Vishnu, and Shiva. The belief system in Hinduism and Islam has a great effect on the present day society. There is a great development and change in Hinduism over the centuries and has spread all over the world. Islam has also spread over the years and has mostly spread by trade and the people conquered by them. Hinduism and Islam are two major religions in modern world with a great amount of people following in the various parts of the world. Work Cited Huxley, Aldous. Quotes About Hinduism. (30 Quotes). Goodreads Inc., n.d. Web. 04 Oct. 2012. . Gandhi, Mahatma. Hinduism Quotes. Refspace.com. N.p., n.d. Web. 05 Oct. 2012. . MuhÃÅ'Â £ammad, ZÃÅ'Â £afr-AllaÃÅ'„h H. The Quran. London: Curzon, 1978. Print VaÃÅ'„lmiÃÅ'„ki, , and Ramesh Menon. The Ramayana. New York: North Point Press, 2003. Print. PrataÃÅ'„pachandra, RaÃÅ'„ya, and Mohan G. Kisari. The Mahabharata. Calcutta: Bharata Press, 1884. Print. Gupta, Prashant, M D. Gupta, and N K. Vikram. Bhagwad Gita. New Delhi: Dreamland Books, 1996. Print.

Equity of Trade Versus Free Trade Essay -- essays papers

Equity of Trade Versus Free Trade The U.S. has a huge trade imbalance with most trading nations. The imbalance is not in agriculture, although many food products -- both raw and processed -- enter the U.S. at prices below those for comparable U.S.-grown foodstuffs. To a large degree the imbalance is in manufactured goods. One reason is that many nations have lower costs of production -- based upon a lower standard of living, cheap labor, inexpensive raw materials, protective government policy, etc. Multinationals who have moved their plants to foreign locations enjoy the best of both worlds -- inexpensive manufacturing costs and unlimited access to the world's biggest consumer market, the USA. Our laissez-faire trade stance, when coupled with many nations' protective trade stances and the inherent disparity of living standards around the world, is proving to be a recipe for ever-increasing trade deficits. Exacerbating the situation, GATT and NAFTA are proving difficult to implement when other nations improvise p hony trade issues and drag their feet at every opportunity. Bottomline, the U.S. is having problems with free trade. There is an alternative to free trade. It's called EQUITY OF TRADE. It would work like this: Under equity of trade, if the nation or other trading entity in question wants to export some manufactured item or food product into this country, and if the item in question is priced lower than a comparable item manufactured or grown in the U.S., then the trading entity is required to pay a tariff (import duty) at the Port of Entry that equals the difference between the landed-price of the good and the average cost of a comparable American-made good. Example: A shirt made in Sri Lanka lands on U.S. shores with a cost of $15, while a comparable shirt made in the U.S. would cost $25. The foreign entity would then pay a tariff of $10 per shirt. However, instead of good ol' Uncle Sam pocketing the tariff income on behalf of the federal government (which it's not entitled to and which creates ill-will and does nothing to foster long-range, mutually-beneficial trading relationships), deposit the collected tariff monies into an interest-bearing trading account in a U.S. bank in the exporting nation's name (or company or any other entity). Then give the foreign trading entity 12 months to redeem the trade credit and accrued interest by purcha... ... up the habit (Roberts). The surprising thing is that these kids know that they are being influenced by cigarette advertising. If these kids know that this advertising is manipulating them, why do they still keep smoking? The ads are everywhere, especially in teen-oriented magazines, such as Rolling Stone and Spin. The ads also fuel some of the reasons the children gave for starting. They represent rebellion, independence, acceptance and happiness. These are all the things a young person, between childhood and adolescence, needs and desires. This type of advertising, on top of peer pressure, is the mystery behind the rise in adolescent smoking. How do we stop the future of America from smoking? Here are three things that the experts recommend. Try to convince your children that smoking is not cool. Talk to your kids at a young age about the dangers of smoking. Identify family members who smoke and ask them to stop (Thomas). Children are the most valuable commodity we are given in life. Let's try to educate them while they're young to be independent thinkers and to not be swayed by the tobacco companies who are trying to take advantage of their mind and body.

Financial Modelling

Financial Modeling Discipline – Guiding Principles A good financial analyst has the discipline of adhering to a list of guiding principles to help ensure that the development of the financial model achieves the desired results. By following these simple steps, a financial  analyst should be able to build a financial model that is simple, accurate and most importantly consistent, to help build confidence in a financial decision making process. Financial Modeling Discipline can be acquired in all 3 stages of the financial modeling process: †¢ Specification Stage Design Stage †¢ Build Stage Specification Stage 1. Be very clear on the effort involved and the dependencies before committing to deadlines –  the financial modeling exercise is usually on the critical path! 2. Get the algebra right — make sure all revenues, cash flow inwards and assets are positive while expenses, cash outflows and liabilities are negative. This will ensure that we rarely use the minus sign in formulae and can use the sum() function. 3. Avoid all calculations that will cause circular references. Design Stage 1.Ensure that each assumption is input only once in a financial model. 2. Define scenario variables clearly in a separate â€Å"Scenario manager† section or worksheet in the financial model. 3. Define the time unit that is to be used consistently throughout the financial model. 4. Group all assumptions and inputs into one sheet and state units clearly in the financial model. 5. Avoid executing complex calculations in the â€Å"Output section† of the financial model. 6. Build an Interface sheet if you are working with a financial model with multiple workbooks.Build Stage 1. Always note all assumptions, sources and calculation methods in the financial model for future reference. 2. Avoid complicated macros in the financial model if possible – macros make it difficult to follow logic, spot errors or amend the financial model, besid es bloating the file size. 3. Lay all financial model calculations in chronological order – Avoid having calculations in one row refer to calculations in lower rows. 4. Do not try to do too much in one cell with a large complex calculation formula. Break the calculation into blocks.Lay the financial model calculations out in blocks, to enable copying formulae across columns or down rows saving time in developing and reviewing financial models. 5. All financial model calculation and output sections should be locked to avoid inadvertent data entry therein. 6. Include charts in the output section for easy understanding, analysis and auditing of the financial model. 7. Always keep back-ups preferably on separate disks and leave the ‘autosave’ option on for your financial model workbook. 8. Stick to a consistent version labelling system eg â€Å"company xyz_2/2/09_V02_DC†.Save several versions of your financial model each day and retain old versions. 9. Avoid j umping to conclusions / sharing results based on preliminary financial model results. Common Mistakes in Financial Modeling While reviewing and auditing financial models, a good financial analyst should be alert to the common types of errors that often plague financial models. These are often less due to errors in Excel or other financial model applications you may be using, and more because of human error in formulating calculations or conversions in a financial model. Common Errors in Financial Modeling: 1.Conversion factors (kilobytes to megabytes, monthly to annual, millions  to thousands, etc). 2. Range included in totals (certain rows not included). 3. Calculation formula not replicated  across columns. 4. Wrong row references in calculation formula. 5. Wrong column references in starting  time period  (each column should typically contain references only from that column). 6. Change in cell references in formulae referring to other workbooks. 7. Algebraic errors (wron g use of brackets, plus/minus errors). 8. Range limits not set (eg, having negative  number of customers or negative distributor commission payments). . Hard coded dummy numbers / assumptions perpetuating in the financial model due to oversight. 3 Golden rules for Financial Analysts to Avoid Errors in Financial Models: 1. Be diligent when building the financial model, a little concentration and attention to detail early on will save you a lot of time and work later.2. Ask another person not in the financial modeling team to conduct a detailed audit, very often a fresh pair of eyes may spot errors then are’nt obvious to someone who’s been looking at the same spreadsheet for days or weeks on end. . Perform sanity checks on outputs through benchmarking exercises, always use your common sense and business knowledge to ensure that the results of your financial model (e. g. individual product revenues or cost items, etc) are realistic and aligned with what you may expect t hem to be. Designing a Financial Model – Making it Idiot Proof Always design a financial model for people who did not build it and for people with limited understanding of financial modeling and analysis techniques.This will help you ensure the usefulness and relevance of the financial model, and preserve its longevity long after you have completed the financial modeling exercise. In each financial model workbook, you will typically need some or all of the following worksheets: 1. Administration and documentation 2. Assumptions 3. Major blocks such as marketing or capital expenditure (CAPEX) 4. Calculation of revenues, costs, balance sheets, ratios, cashflows 5. Scenario managers and displaysTo enable modular team working, clarity in use and easy auditing, use a standard financial model design template and color codes developed specifically for your company, and ensure that everyone gets familiar with the standardized format. In that way, the entire company will have a single approach to formatting financial models. All users, be they senior executives or junior financial analysts, will then be able to differentiate between cells in the financial model that are hard coded, calculations or outputs, and intepret different financial models from different teams without ambiguity.