Capital Market Essay Example for Free

Capital Market Essay Concept, Security market, Primary Secondary markets-Functions Role, Functionaries of stock exchanges-Brokers, Sub- Brokers, Jobbers, Consultants ,Institutional Investors NRIs. Definition of Capital Market Capital market is the market from where long-term capital raised for industry, trade and commerce and long-term securities are transacted. It is a well-organised market for providing long-term capital whether in the form of securities or borrowings. Distinguish between Money Market and Capital Market. Two main components of financial market are — (1) capital market and (2) money market. Main aim of two markets is to supply money in industry, trade and commerce. The differences between the two markets are discussed here : 1. Definition: Capital market is the market from where long-term capital is collected for the purpose of industry, trade and commerce. Money market is the market from where short-term capital is collected for industry, trade and business. 2. Types of Capital: Capital market supplies long-term capital mainly. Money market supplies short term capital generally. 3. Use of Capital: Capital collected from capital market is used to purchase fixed asset and meet deficiency of current capital. Capital collected from money market is used to meet current capital only. 4. Impact: Capital market creates scope for investment in industry and business through indirect securities transaction. Money market creates scope for investment in agriculture, industry and commerce directly. For example — money market arranges cash credit system in agriculture. 5. Protection of Interests: Capital Market makes arrangement for investment to protect the investors’ interest. Money market makes arrangement of investment for their own interest with depositors’ money. 6. Ancillary Functions: The members of capital market do not usually perform ancillary functions on behalf of clients but they may render institutional services. The members of the money market performs different types of ancillary functions, such as purchase of shares and debentures, co llection of dividend, keeping of valuable articles in custody etc. on behalf of their clients. 7. Underwriting Functions: Underwriting of shares and debentures are one of the main functions of capital market. Underwriting of shares and debentures of companies are secondary functions of money market. 8. Constituents: The constituents of capital market are — insurance company, investment trust, underwriters, and government and private organisations. Money market is composed of Reserve Bank of India, commercial bank, cooperative society, indigenous bankers and investors. 9. Segments: Capital market may be divided into two segments viz. new issue market and secondary market. The important segments of money market are: Treasury bill market, commercial paper, call money market, certificates of deposit markets. 10. Regulation: Capital market in India is mainly regulated by the Securities and Exchange Board of India. Indian money market is regulated by The Reserve Bank of India. Describe the features of Indian Capital Market. The features of Indian capital market are discussed here : (1) Lack of Specialised Agencies: Industrial bank, underwriting agencies, share issue house — all these expert institutions are found in capital market of foreign countries. But such expert organisations are absent in capital market of India. (2) Capital Supply by Managing Agent: In India the custom of supplying capital by managing agent is not found in any other country of the world, though this custom has been abolished now. (3) Establishment of Capital Supplying Agency: A good number of financing institutions have been set up in India at the initiative of the government. All these institutions are more important than private financing institutions in the capital market of India. (4) Governmental Efforts: Investment trust and insurance companies which play important role in other countries do not play the same role in India. So, to stabilise capital market in India, UTI and LICI have been set up by government initiative. (5) Arrangement of Long-term Loan: Different investment institutions make arrangement of longterm loan for industry and commerce in the capital market of India. Help to National Growth: One of the main features of Indian capital market is that it helps national development. Collecting small savings of people, Indian capital market forms a monetary fund. This money is utilised for national development in many cases. Describe the functions of Indian Capital Market. The standard of development of a country can be realised from the functions of capital market. Development of any country depends on the formation of capital of that country. So, importance of the functions of capital market is immense for economic development of the country. Function of Indian capital Market is as follows: Help to Establishment and Expansion of Industry and Commerce: Fixed capital is required for establishment, expansion and continuity of industrial and commercial institutions, capital market supplies necessary money for these requirements. Arrangement of Long-term Loan : Long-term loan is required for establishment or expansion of business. Different investment institutions under this market make arrangement for providing long-term loan in industry and commerce. Help to Public Enterprise : Capital market also helps in transaction of securities of 7 public enterprises. Help to National Growth: Capital market forms a monetary fund from the collection of small savings of the people. This money is utilised for national development in many cases. Motivation to Savings : As capital market is an organised market for long-term investment, both corporate sector and investment sector have great confidence in it. This market encourages the people in savings by creating scope for investment in securities of different profiteering firms. Advisory Functions: investors cannot always choose profitable shares or securities. There are a large number of experienced brokers in capital market who assist the investors by rendering advice relating to investment. Mobility of Savings : Capital market keeps savings of the country mobile by creating scope for investment in profitable securities. Functions of Underwriter: Underwriting of shares and debentures are one of the main functions of capital market. Capital Formation : One of the main functions of capital market is capital formation. Small savings of people are deposited in capital market as investment and form a monetary fund. Long-term loan is provided to different business institutions from this monetary fund. Create Ready Market: Transactions of securities are regularly held in the capital market. Thus give the scope to the investors to collect money by selling securities in their need and to purchase securities in right time. Describe the constituent of Indian Capital Market. The constituents of capital market are — (a) investment trust, (b) insurance company, (c) securities market and (d) special financing institution. Let us describe them in details: Investment Trust These institutions are formed as Joint Stock Limited Company. These institutions collect capital by selling own shares and debentures and supply capital to the industrial concerns through the purchase of their shares and debentures. Remarkable Investment Trusts of our country are — The Tata Investment Trust (Pvt. Ltd.), The Investment Corporation of India Ltd., The New India Investment Corporation Company Ltd. [â™ ¦ Advantages of Investment Trust (1) Profitability : From small investors point of view investment of their small savings in investment trust is more profitable. (2) Less Risk : Investors are assured of safety to their investment in investment trust. (3) Capital Formation : Investment trust creates the habit of savings among common people. As a result capital is formed and that capital helps expand industry in the country. ⠝â€" Disadvantages of Investment Trust (1) Non-disclosure of Information : Investment trusts do not disclose all information regarding investment of investors. As a result investors remain in the dark about many factors of investment. (2) Personal Interest: Many times management of investment trusts invest the money of investors in small profitable institutions for personal interest. As a result interests of investors are dissatisfied.] Insurance Company Insurance companies collect much money as premium and invest this amount in long-term securities of different institutions. Of the insurance companies LICI has the most influence. ⠝â€" Advantages of Insurance Company (1) Stable Return : If any policyholder makes insurance for certain amount of premium under LICI, at the maturity of the policy, the policyholder gets back insured money along with bonus and interest. If the policyholder expires by any means, his nominee is provided with the fixed amount of money. (2) Encouragement to Savings and Investment: Insurance company encourages common people in small savings and teach him to invest his savings profitably. (3) Facility of Ploughing Back Profit: The profit available from invested money in the insurance company is re-invested. As a result amount of refundable profit goes on increasing every year. Securities Market The market where transactions of securities are held, is called securities market. Securities market is classified into two sectors — (1) new issue market and (2) share market. Both types of securities markets are significant for long-term investment. Special Financing Institutions Lack of capital is the main reason of under-development of trade and commerce in India. To dispel this deficiency many financing institutions have been set up at the initiative of the Central and State Government. Of these Industrial Finance Corporation of India and National Industrial Development Corporation are important. Indian capital market improved a lot with the help of these institutions. ⠝â€" Advantages of Special Financing Institutions (1) Granting Long-term Loan : These institutions grant long-term loan to different industries. (2) Underwriting: All these institutions act as underwriter in case of issue of new shares. (3) Foreign Capital: There are a good number of financing institutions like ICICI which help much to bring foreign capital. Besides — (a) provident fund institutions and (b) building institutions also helped a lot for the development of Indian capital market. What do you mean by Securities Market? Securities include shares, scrip, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate. Generally the market where the transaction of such securities is field or the institutions which help to sell or resell share or debenture are called securities market. Securities market is divided into two sectors — (a) new issues market or primary market and (b) share market or secondary market. Both types of securities market are important for long-term industrial investment. What is New Issues Market? Describe the features of such market. The primary market or New Issues Market is that part of the capital markets that deals with the issuance of new securities. Companies, governments or public sector institutions can obtain funding through the sale of a new stock or bond issue. This is typically done through a syndicate of securities dealers. The process of selling new issues to investors is called underwriting. In the case of a new stock issue, this sale is an initial public offering (IPO). Dealers earn a commission that is built into the price of the security offering, though it can be found in the prospectus. Primary markets create long term instruments through which corporate entities borrow from capital market. The features of New Issues Market are as follows: (1) New Issues Business: New issues market deals in new issues. Therefore, the securities which were not available before will be issued to the investors for the-first time and these will be sold from this market. (2) Supply of Additional Fund : As new issues are sold from new issues market or primary market, therefore, the issuing amount of securities supplies excess fund to institutions. So, this market is directly related with financial supply of issuing institutions. (3) No Centralised Control: New issues market is not under central control and administration for the fulfillment of its business. (4) No Institutional Structure: New issues market is not confined to a particular place. So, this market has no geographical existence. In a word, it can be said that new issues market has no institutional structure. (5) Help to Entrepreneurs : To help the entrepreneurs who wish to take up new venture or like to expand present venture is t he main function of this market. Describe the Functions of New Issues Market or Primary Market New issues market deals in new securities. Therefore, the securities which were not sold before and will be issued to the investors for the first time, are sold from this market. Important functions of this market are discussed here : (1) Help to Entrepreneurs : Main function of new issue market is to help the entrepreneurs who like to take up new venture or expand their present venture. (2) Supply of Excess Fund: As new issues market deals in new issues, money collected by issuing securities supplies excess fund to the institutions. (3) Help to Transfer of Savings : This market helps much to transfer the savings of the savers to the entrepreneurs. In a word, it helps utilise saved money in productive use or constructive function. (4) Function of Primary Enquiry : This market also performs the function of primary enquiry into the legal and financial sides of the new issues companies. (5) Advisory Functions: This market renders some service in the form of advice to the new issues companies. Remarkable among these advice are — (a) determination of types of investment, (b) price of new issues shares in the context of the share market situation,(c) determine the time of issue of new shares and importance, (d) procedure of issues, (e) sale’s technique etc. (6) Underwriters’ Functions : New issues market helps new companies very much through underwriters. Underwriters are one kind of brokers, who promise to sell off definite amount of securities. (7) Distribution Functions : Function of distribution depends on the method of transferring securities in the hands of the investors. This market performs this function very well with the help of skilled and expert brokers and sub-brokers. (8) Help to Development of Industry : New issues market is not confined to a particular place. It has no geographical existence. So, the entrepreneurs can take help of this market in any part of the country. Describe the procedures of Marketing of New Securities under New Issues Market. New issue market is known as primary market for issue of securities to raise fresh capital. Procedure of this marketing is discussed here : 1. Public Issue through Prospectus : It is the natural procedure for collection of money for public companies. The company appeals to people directly to purchase share and debenture through publicity. The prospectus makes people aware of future prospect of the company and the objectives of the use of collected money. Those who are willing to purchase share on the conditions advertised in the prospectus lodges application to the company to purchase shares in response to the appeal of the company. In this process wide publicity is possible along with sale of shares. 2. Sale through Brokers : Securities of the company may be sold through brokers. At present many experts, banks and insurance organisations function as brokers. Brokers get proper commission for this job. 3. Sale through Underwriters: Underwriters are a kind of broker who are bound up with underwriting contract with the company giving assurance of selling a definite portion of shares. Underwriters purchase the shares they fail to sell. They get commission in exchange of their job. Rates of commission may be different for different securities. Of course there must be proper guide line during this in the rules of the company. This system is considered to be the best means for sale of securities. 4. Sale through Investment Institutions/Private Placement: Under this method the issuing company generally engages the investment institutions as stock brokers to sell securities. Investment institutions generally buy total shares or debentures of the company at an agreed price. 5. Issue of Bonus and Right Shares : As per Companies Act any existing company can increase its capital by selling their new shares. But if such decision is taken, the rule is to dispose of the shares proportionately to the present shareholders. If present shareholders are unwilling to purchase or if a special resolution is taken by the shareholders that the shares be sold to the public first and if such proposal is approved by the Central Government, the shares may be sold to the public in this way. This method is called issue of bonus and right share. 6. Sale through Employees : Many companies sell securities to their employees and collect money. This system improves the relationship between industrialist and labours and grows eagerness and enthusiasm for work among the workers. Write a short note on Book Building An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. This Initial Public Offering can be made through the fixed price method, book building method or a combination of both. Book Building is essentially a process used by companies raising capital through Public Offeringsboth Initial Public Offers (IPOs) or Follow-on Public Offers ( FPOs) to aid price and demand discovery. Usually, the issuer appoints a major investment bank to act as a major securities underwriter or bookrunner. It is a mechanism where, during the period for which the book for the offer is open, the bids are collected from investors at various prices, which are within the price band specified by the issuer. The process is directed towards both the institutional as well as the retail investors. The issue price is determined after the bid closure based on the demand generated in the process. The Process: †¢ The Issuer who is planning an offer nominates lead merchant banker(s) as book runners. †¢ The Issuer specifies the number of securities to be issued and the price band for the bids. †¢ The Issuer also appoints syndicate members with whom orders are to be placed by the investors. †¢ The syndicate members input the orders into an electronic book. This process is called bidding and is similar to open auction. †¢ The book normally remains open for a period of 5 days. †¢ Bids have to be entered within the specified price band. †¢ Bids can be revised by the bidders before the book closes. †¢ On the close of the book building period, the book runners evaluate the bids on the basis of the demand at various price levels. †¢ The book runners and the Issuer decide the final price at which the securities shall be issued. †¢ Generally, the number of shares are fixed, the issue size gets frozen based on the final price per share. †¢ Allocation of securities is made to the successful bidders. The rest get refund orders. Advantages of Book Building: 1. It reduces the duration between allotment and listing of shares. 2. It discovers the selling price of the shares. 3. There is very little scope of manipulating the price before listing. 4. This method is a reliable procedure for allotment.

Training , Development & Performance with Motivation Essay examples --

Training , Development & Performance with Motivation Training includes all forms of planned learning experiences and activities designed to make positive changes to performance and Motivation. Development approaches the individual and employees’ motivation from a different angle from that of training. While training is typically concerned with enabling the individual to contribute to meeting the objectives of the organization better, personal development is more concerned with enabling individuals to develop themselves in the way that best suits individual needs. The two, it is hoped, will come together. By helping individuals to develop themselves, they will be more inclined and better able to contribute to helping the organization meet its objectives. It is important to stress that the process of linking performance and training and development the process of appraisal and other forms of evaluation should be closely linked to training and development. If the organizations to achieve its objectives, it is essential to train and develop its people so they are best able to support the organization in working towards objectives. At the same time the individual needs to have the opportunity to be able to communicate employees’ own personal development needs to the organization through appraisal or personal development planning schemes. The Financial and non-financial can be no doubt that financial reward is perhaps the most significant factor in pe...

Gardenia Bread Philippines

1. Francisco Alonso Liongson  Ã¢â‚¬â€œ Outstanding Philippine playwright in Spanish and founding president of Circulo Escenico, Pampanga's Spanish theatrical group that became nationally renowned. 2. Aurelio Tolentino  Ã¢â‚¬â€œ one of the mystics of the  Katipunan, a compadre of  Andres Bonifacio, a nationalist writer in both Kapampangan and Tagalog. He coined the worddula  for drama and ironically became known in history as the Father of Tagalog Drama for his anti-US colonial masterpiece  Kahapon, Ngayon at Bukas.A theatre at the Cultural Center of the Philippines is named  Tanghalang Aurelio Tolentino  in his honor. 3. Jose Abad Santos  Ã¢â‚¬â€œ First Kapampangan to become Chief Justice of the Supreme Court of the Philippines. After Pres. Manuel L. Quezon and Vice-President Sergio Osmena left Philippine soil for the safety in America, Justice Abad Santos was the highest ranking official of the Philippine government until his execution on May 2, 1942 by the Japanes e Imperial Army for his refusal to cooperate. 4.Sotero Baluyot- Provincial governor during the Commonwealth, he formed an organization known as â€Å"Cawal ning Capayan,† described as â€Å"the largest amd most powerful provincial organization† of its time (Sturtevant, Popular Uprisings in the Philippines: 1840-1949). Although it claimed to be a â€Å"conservative labor union,† it was, in fact, a strike-breaking group of â€Å"Fascist thugs,† as the communists called them. (Pol Kekai Manansala). 5. Rosalina Icban Castro  Ã¢â‚¬â€œ Married to Jose Luna Castro, and while born in Rosales, Pangasinan, both her parents are from Pampanga and she speaks Kapampangan fluently.Obtained an   M. A. in English at Syracuse University , was a professor in English   at U. E. for several decades. During all her years as an educator, she was sought by researchers in Kapampangan literature for her intimate knowledge of Kapampangan writing. She is the author of â€Å"T he Literature of the Pampangos – an anthology and at the same time a political literary history. (ref. E. H. Lacson) (Ernie Turla) 6. Jose Luna Castro  Ã¢â‚¬â€œ Born on March 4, l9l5 in Manila to Faustino Castro and Claudia Luna – both of Lubao, Pampanga.Finished High school at Pampanga High. Finished his M. A. in Journalism and political science at Syracuse University. He became president of the Asian Institute of Journalism and has held such high positions as press counselor of the Phil. Embassy in Peking, editor of the Manila Times (l959 – l972), editor-in-chief of the Times-Journal. He was a lecturer in   Journalism at U. P. and an Eisenhower Fellow in l970. He participated in international meetings in the U. S. , Korea,   Thailand, Singapore and Japan.He authored â€Å"Journalism Handbook†. (ref. E. H. Lacson) (Ernie Turla). 7. Virgilio David  of Bacolor, PMA graduate, retired Philippine Army general and former Anti-Drug chief during the pres idency of Cory Aquino, business executive and government agency director (by Alejandro S. Camiling). 8. Lito Lapid  Ã¢â‚¬â€œ a famous star turned politician. He became governor of Pampanga and later became a member of the Philippine senate. 9. Lorna Tolentino  Ã¢â‚¬â€œ is an actress, host, executive producer and wife of fellow Kapampangan actor  Rudy Fernandez.She was born in Concepcion, Tarlac and was raised in Manila. 10. Lea Salonga  Ã¢â‚¬â€œ is a Tony Award-winning singer and actress who is best known for her portrayal of Kim in the musical Miss Saigon. She spent the first six years of her childhood in Angeles City before moving to Manila. 11. Melanie Marquez  Ã¢â‚¬â€œ is a popular beauty queen-turned-actress who hails from Mabalacat. She was Miss International 1979 and was voted as the Most Beautiful Miss International in 2000. She's also a sister of another local actor,  Joey Marquez. 12.Efren â€Å"Bata† Reyes  Ã¢â‚¬â€œ is referred to as â€Å"The Magici an† and a very popular Filipino billiards player who hails from Angeles City. He is considered to be one of history's greatest practitioners of billiards. 13. Artemio Panganiban  Ã¢â‚¬â€œ 21st Supreme Court Chief Justice of the Philippines. His ancestors originated from Pampanga and then later generations migrated to Manila. 14. Herminia â€Å"Minang† Dizon. Girlfriend of Ray Hunt (author of Behind Japanese Lines), who wrote: â€Å"Minang was a schoolteacher before the war and a most remarkable individual.The only word to describe her would be ‘fierce. ‘ She had taken up with Maj. Claude Thorpe before the fall of Bataan †¦ and she had been captured with Thorpe. .. some of her captors were quite taken with her. One high ranking Japanese officer even offered to take her with him when his countrymen conquered Australia †¦ One day Minang got a chance to escape and did so, but her life was precarious in the extreme because she was pursued not only by the Japanese but by the communist guerrillas (Huks), who hated her, and by her uncle who wanted her killed †¦ tough and resourceful woman. She was not especially pretty, though she did have flashing eyes, but she was intelligent, well organized, and articulate. †¦ I soon became smitten with her and she with me. †¦ Though she was just a slip of a girl who weighed no more than 90 pounds and could stand under my outstretched arm, no lion ever had a stouter heart. Near the end of the war †¦ she was commissioned a lieutenant in recognition of her wartime services. † [source: â€Å"Behind Japanese Lines† by Ray C. Hunt and Bernard Norling, 1986, 333 pages] (by Pol Kekai Manansala) 5. Armando Q. Madamba  of San Fernando, PMA graduate, Philippine Navy commodore, a staunch advocate of the modernization of the Philippine Navy, senior staff member, Armed Forces of the Philippines Joint Chiefs of Staff and served as military attache in the Middle East (by Ale jandro S. Camiling). 16. Marco G. Palo. A resident of Angeles City, was arrested in Feb. 1982 with other trade union organizers; severely tortured and was hospitalized as a result of this. Detained at the Bicutan Rehabilitation Center for two years and charged with conspiracy to commit subversion.Re-arrested in 1988 with alleged leaders of the CPP-NPA. and detained at the Camp Crame PC stockade. Charged with rebellion and released after two years (Dave Nepomuceno). 17. Senator Gil Puyat. Son of the pioneer Pampangan industrialist, Don Gonzalo Puyat. Graduated in l929 in Business Administration (cum laude) from U. P. where he became a dean in its department of economics. First elected senator in l955, he was consistently named â€Å"One of the Five Most Outstanding Senators† every year. He became the President of the Senate in l967.Very popular and well-known, and a notable economist Senator Puyat became Majority Floor Leader in the Senate. He hails from Guagua — he lov ed the people of Guagua such that he was instrumental in constructing several public works such as the bridges leading to Barrio Santa Filomena and the plaza in front of the town church . Buendia   Ave. in Makati is now renamed after him. (Andro Camiilng) (E. H. Lacson) (Ernie   Turla) 18. Rosa Danon Rosal  . More popularly known by her screen name of Rosa Rosal, born in Manila 16 October 1931 to Julio Danon and Gloria Lansang (from which town of Pampanga? , lived in garage for 16 years, sold sweepstakes tickets starting at six years old, studied at Antonio Regidor Elementary School. secondary schooling at Arellano High School. Worked at National Coconut Corporation as weaver, moved to soap factory where she pounded and shaped soap cakes under the sun, promoted to wrapping department, learned typing on old typewriter and worked as secretary. â€Å"Discovered† while watching shooting of a film and starred in film â€Å"Kamagong† (I remember this film–weren' t parts of it shot at the Don Pepe Henson house in Angeles.I seem to remember being aware of the shooting when I was a little girl. ). Finished secondary schooling between movies. Won best actress for Sonny Boy (1956), won highest award in Southeast Asian film festival in HK in 1956 for Anak Dalita, leading to presidential award from Magsaysay. Refused to start in bomba films and instead devoted energies to social work and rearing of daughter (didn't she become famous too? ). Gave up weekly TV show for lesser paying daily show called Damayan to help socially disadvantaged. Active in innumerable socio-civic areas ranging from promotional activities for Red Cross to relief work.Recipient of countless awards and citations from movie, civic, and religious organizations for humanitarian work, including the Outstanding Pampanguena Award in 1979. When asked why she's so dedicated to the poor, she replied: â€Å"I have been poor and I know how it feels to be pushed around. † (Pat Sut ter) 19. Lilia Garcia â€Å"Baby† Pineda  Ã¢â‚¬â€ Lubao town mayor who was elected president of the Pampanga Mayors League and more recently, as vice president for Luzon in the League of Municipalities, the umbrella organization of 1,540 towns in the Philippines.She does a great deal of humanitarian work, including helping in the resettlement of people in lahar-devasted areas. A well-known philantropist, she financially helps the poor in Pampanga especially families who cannot afford to send their children to college. Way back in the 60's, she was among the outstanding students in this author's class. (Ernie Turla) 20. Sixto V. Torres, Sr. of Apalit, former regional director and deputy commisioner of the Land Transportation Commision of the Philippines and founder of the Gonzales Memorial College (by Alejandro S. Camiling).

Pygmalion Essay

Distinctive voice refers to a variety of voice types and the function that voice plays In different texts. The personality or position of a speaker or character is reflected through voice. Distinctive voice can be used to represent an Issue, a group of people, a set of values, a point of view or a variety of perspectives. All people have a distinctive voice; our voice Is developed and changed through our experiences, interactions and understanding of the world. The language, the purpose and the manner of a distinctive voice influences audiences in, subtle, direct and powerful says.In the text Pygmalion; George Bernard Shaw has created and utilized incredibly distinctive voices to communicate the themes of his play, the being character transformation and the distinguishing parameters of social class. The transformation of Elise Doolittle from a poor flower girl to a lady of society depends upon her ability to speak phonetically correct- as identified by English society in the 20th cen tury. The entire play centers on the transformation of the â€Å"flower girl', that of her voice and of her manners as a way of defining her social class and life opportunities.The voice of Shaw Is evident throughout the play and Is shown through the voice of the characters. Anthony Browne uses the voices of the characters within the picture book Voices In The Park to Impress upon the reader the Inequity and limitations of social class and division. The voice of the children is used to show the innocence and disregard for such division, where as the adults are used to show the pre-conceived and unjustified beliefs relating to social class. Elijah's transformation is evident in the third act when she visits Mrs. Higgins at her â€Å"at home day†, â€Å"How do you do Mrs. Higgins?Elijah's dialogue, full sentences and correct pronunciation demonstrate her metamorphosis. In Voices in the park Anthony Browne uses the voices of each character to retell the same event that being a parent take their child and the family pet to the park. Each voice is used to retell the event from an individual perspective. The division that social class can create Is explored through the distinctive voices within the text. Browne uses written and visual clues to give the readers an Insight Into each character. Shaw makes use of articulation and word pronunciation to characterize class division between the characters in the play.Browne gives each character their own distinctive voice through their use of language. Their social class is reflected through the correct use of grammar and choice of words. The mother who represents the middle-class speaks in full and correct sentences; she speaks with authority and in a judgmental way, â€Å"You get some frightful types in the park these days† she is making reference to the unemployed father. Her words are critical and harsh. Shaw used the character Elise Doolittle and her transformation and social class to create a distincti ve voice. Both Shaw and Browns characters successfully explore distinctive voices.Shaw Involves the audience to think deeply about his provocative Ideas by utilizing humor. The harsh words of Higgins are often humorous and rarely affect the Intended target. He calls Elise a â€Å"splashed cabbage leaf' and an â€Å"Incarnate Insult to the English language† the audience can not help but laugh, aware of his good natured insults. The humor used encourages the Voices In The Park who we know is unemployed, and his daughter both speak colloquially and less formally than the mother and her son. â€Å"l needed to get out of the house, so me and Smudge took the dog to the park†, â€Å"He went straight up to this evolve dog and sniffed its bum†¦ The daughter is also Judgmental; explaining that she thought the boy â€Å"†¦ Was a bit of a wimp at first† indicating that she had prejudiced him based on how he looked and spoke. Browne also uses the distinctive voic e of each character to compare their experiences and feelings. The unemployed father who has much to be worried about in his life tries to look at things in a positive way. He looks through the newspaper for a Job and remains hopeful of getting one. He has enjoyed his time at the park and the time he has spent with his daughter.In contrast he mother is frustrated by her visit to the park with her son. The scruffy mongrel's dog bothering her pedigree dog frustrated her and the fact that she does not speak to her son as they walk home from the park. Her lack of voice here indicates that her experience was not one she wished not to talk or think about. It is evident that in Shaw five act play Pygmalion and Anthony Browner picture book Voices In the Park social class and transformation are key themes displaying recognizable and distinct voices. Everyone has a distinctive voice but are we too quick too Judge somebody by theirs?

How to Write You in Chinese Characters

How to Write You in Chinese Characters From a simple greeting to forming complex sentences, learning the Chinese character for you is integral to conversing in Chinese. Here is a quick explanation on which type of you to use depending on the situation, what the character symbolizes, and how to pronounce it.   Informal, Formal, and Plural   The informal way to say you in Chinese is ä ½   (nÇ ). This form of you is casually used to address friends, peers, anyone you have a close relationship with, and typically people who are younger than you.   The formal version of you is æ‚ ¨Ã‚  (nà ­n). æ‚ ¨ should be used when addressing elders, respected figures, and persons of higher rank or status. If you are addressing multiple people at once, you in the plural is ä ½   ä » ¬ (nÇ  men).   Radicals The Chinese character ä ½   is composed of a crown or cover (å†â€") that goes over Ã¥ ° , which on its own is the word for â€Å"small. The left half of the character consists of the radical: ä º ». This radical derives from the character ä º º (rà ©n) which translates to person or people. Thus,  Ã¤ º »is the person radical which implies that the meaning of the character relates to people. Pronunciation ä ½   (nÇ ) is in the third tone, which takes on a falling then rising tone. When uttering the syllable, start from a high pitch, go down, and come back up.   æ‚ ¨ (nà ­n) is in the second tone. This is a rising tone, which means you start from a low pitch then go upwards.   Character Evolution An earlier form of you in Chinese was a pictograph of a balanced load. This symbol was later simplified to the character Ã¥ °â€. Eventually, the person radical was added. In its current form, ä ½   could be read as â€Å"someone who is balanced, or of equal stature,† meaning â€Å"you.† Mandarin Vocabulary With NÇ  Now that you know how to write and say you in Chinese, its time to apply your knowledge! Here are a few examples of common Chinese words and phrases that include  Ã¤ ½  . ä ½  Ã¥ ¥ ½ (nÇ Ã‚  hÇŽo): Helloä ½  Ã¨â€¡ ªÃ¥ · ± (nÇ  zà ¬ jÇ ): Yourself我çˆ ±Ã¤ ½   (wÇ’ i  nÇ ): I love youè ¿ ·Ã¤ ½   (mà ­ nÇ ): Mini (a phonetic translation)ç ¥ Ã¤ ½  Ã§â€Å¸Ã¦â€" ¥Ã¥ ¿ «Ã¤ ¹  (zhà ¹ nÇ  shÄ“ngrà ¬ kuilà ¨): Happy birthday

HUMAN RESOURCE Term Paper Example | Topics and Well Written Essays - 1000 words

HUMAN RESOURCE - Term Paper Example There are five factors to be analysed in the porters five forces and they are analysed below in correlation with the Apple Computers. The threat of the entry of new competitors The personal computers industry is the major threat for Apple Computers including the old competitors for Apple Computers. Competitors are coming up with innovative products that may cause the Apple Computers to face tough king of competition in the future. The intensity of competitive rivalry The intensity of competitive rivalry tends to focus on the elements such as the price of the product, the innovation and quality level of the product. All these factors are compared with the competition in the market. Companies that use advance technology tend to be stable in a competitive environment such as Apple Computers. Competitive rivalry faced by Apple Computers is from Dell incorporation, Hewlett Packard Company, and Microsoft Corporation. Dell computers have one of the most unique strategies in providing custom ized notebook and laptops to its customers, according to their needs and wants. Apple faces intense competition from Microsoft in areas of portable music players and other type soft software. The threat of substitute products or services Apple faces one of the biggest threats from its substitute products & services. The era of converging to the digital types of devices such as MP3’s, cell phones, playing games, and picture taking along with the internet has challenged Apple to a very large extent. iPod franchising protection is the biggest challenge for Apple computers. The bargaining power of customers Customers have a lot of choices from which they can choose their computer devices. The switching costs of customers are high and they have a lot of information available of other competitor products, but Apple computers have made their mark in all fields and they may not be facing high competition from the bargaining power of customers. The bargaining power of suppliers Apple computers although does not provide low quality products but still companies like IBM and Motorola may work intensively on every inch of computer production and therefore cause a threat from the bargaining power of suppliers. High switching costs are faced when Apple opts for changing suppliers. Generic business strategies The generic strategies from the Porter’s framework being practiced by Apple Computers are mostly the differentiation element and the focus element of the strategy framework. Apple computers imposes the differentiation strategy through their use friendly graphic interface and the integration of products and services is the main focus and target of Apple computers that makes them successful and is few of the sources that allow them to gain a competitive advantage. For having a stable focus, Apple computers segment their target market according to consumer characteristics so that consumers of their products are satisfied. HR policies of Apple Computers

Password Management Protocol vulnerabilities Essay

Password Management Protocol vulnerabilities - Essay Example Many users use autocompleting in their browser and this main threat for the password security and we will show It on the example of one non-malicious software called â€Å"WebBrowserpassview†. We will analyze the password storage protocol used in the browser like Google Chrome, Opera, Firefox Mozilla, Seamonkey. These browsers store their passwords almost equally and their passwords can be revealed to the hacker with the help of the tool we mentioned above. Because mechanism of the encrypting passwords is very weak and even the simplest applications can retrieve them from their register, moreover, this application has good interface and getting passwords can present problem for the hacker, because it needs physical contact with the target computer, however, there are thousands modifications of this software which have hidden interface and after the running can send all passwords on the email or FTP-server of the hacker. Therefore saving of the passwords in the browser is quite doubtful method of password storage (10 Most Popular Password Cracking Tools 2014). Here we can see good interface for the passwords viewing and various operations with them. This application allow user to save them to the file. This file can be copied to other emails and then used in malicious activities like the accessing some bank-accounts without the two-step authorization that requires special key that system sends to the cell-phone of the user or to the email. There are many ways to protect computer from such attacks. The first way – avoiding downloading some software, regardless from the content and specifications written on the site, if the site is not Microsoft.com or other associated site to the OS user use. Creators of the password storage systems can use special encrypting protocols which will help to defend passwords from retrieving with some application. Moreover, developers can use key file that will give access to the passwords, we mean any file in the system that will be