Rifa Essay Example | Topics and Well Written Essays - 2000 words

Rifa - Essay Example Key Words financial terms, jargons, financial methods and techniques Discussion a) Jonny 1) According to Turner’s 2004 report, pension crisis is caused by two major factors. These are the downturn in financial markets and unpredicted improvement in longevity (Whitaker 1997, pg. 16). Of course there are other factors as well, but these two elements have the biggest role to play in anybody’s descent into pension crisis. Bill Murray should therefore watch them closely if he wants to avoid being caught up in the cobweb that is pension crisis. 2) A money purchase scheme is a variation of defined contribution pension schemes (Hearn 2004, pg. 32). It is normally created by employers as a pool from which they can pay their retired employees income. Despite the employer sponsoring it, it is managed by a board of trustees (with the only exception being public sector schemes). The Trustees are in charge of paying death and retirement benefits. The amount of income payable depends on the amount of contributions made to the scheme by an employer or member, the performance of investment funds and the annuity rate at the time one is retiring. 3) Jonny is not too young to think about pension schemes. In fact, at the age of 30, he should be ready to start putting money in a pension scheme. The reason for this is that he has 30 years or less of gainful employment, after which he will retire. Contributing consistently for 30 years in any pension scheme (especially a money-purchase scheme) is enough to sustain him for possibly the rest of his life. Pension Crisis Pension is a contract made in a regular basis to a person with a fixed sum on the retirement from service (Rein & Schma?hl 2004, pg. 69). Pension crisis can be defined as the predictable difficulty found in the payment for the federal, corporate and the state pensions in Europe caused by the difference between resources and the pension obligations used in funding them. Causes of Pension Crisis Underfunded Pe nsion Plan Pension funds have to maintain a funding status or the assets value to liabilities in order to be able to afford the retirement benefits for their employees. An underfunded pension plan has fewer assets used to afford its liabilities. This is mainly caused by mismanagement as the pension schemes rely on the amount of cash being contributed from the sponsor which can be an employer (Rein & Schma?hl 2004, pg. 71). This management has a negative impact to the employees because there pension money has not been well handled. Shifting Demographics have also led to the lower ratio of workers per retiree. These are caused by the number of people retiring thereby causing employers to spend a lot of money on them compared to the profit gain of the company. The lower birth rates are also seen as a major factor as it leads to the decreasing labor force that is the number of workers. Money Purchase Scheme A money purchase scheme includes stakeholder and other occupational pension plan s among others (Rein & Schma?hl 2004, pg. 73). Its benefits depend on contributions to the pension fund and also the investment of the assets placed which can be positive or negative. When one retires the amount of money depending on the two factors is what will lead to the income one will get on retirement. Money

Engineering Management Project Research Paper Example | Topics and Well Written Essays - 2000 words

Engineering Management Project - Research Paper Example This essay stresses that the mission statement would be to continuously progression through dedication and innovation to the achievement of excellence. The second coffee is committed to delivering the best coffee experience. Based on these vision and mission statement the possibilities of success of the coffee are high. This paper declares that post establishment success would be governed by the way the coffee shop management is involved in the decision making. Decision making is very essential as a wrong decision would result in a poor reflection of the coffee shop management. The success of the decision-making process would be governed by a proper decision-making process. The decision-making process would first begin by identifying the underlying problem. For instance, the coffee shop may be faced with a problem of retaining its customers. Therefore, a decision would require to be made to correct this problem. Vital to note is that decisions are not made randomly, they occur as a result of trying to address a particular problem. Once such a problem is identified the management would, therefore, be required to gather information. Information gathering may be through the use of questionnaires and interview process. The Delphi technique is a method that would be recommended in the coffees shop in the gathering of information from respondents in the field of expertise. This technique is used as a group communication whereby the parties try to get convergence in their opinions regarding a real world problem and issue.

Aeronautical Science Perspective Essay Example | Topics and Well Written Essays - 750 words

Aeronautical Science Perspective - Essay Example Consequently, aircrafts roll to the right or left; and this is referred to as rolling. Ailerons tilt the wings in the required direction hence turns the aircraft. The elevator tilts down or up on a horizontal tail surface leading to an increased or decreased lift on the tail, this is known as pitching. An aircraft’s nose is tilted down or up from the pitching maneuver. When an aircraft rotates along its longitudinal axis (x-axis) then this motion is known as rolling while the maneuver is a roll. Control surfaces found on the aircraft’s wings know as ailerons initiate this rotation by deflecting differently (that is one trailing edge down and one trailing edge up) thus creating less lift on one wing, while more on the other. This net difference in lift establishes a rolling moment. Ailerons are hinged on the outer edge of the wings; they are movable and controllable from the cockpit via mechanical linkage. When lowered, aileron increases angle of attack on the wing hence increasing the lift; and vice versa. From these lifts, an aircraft rolls laterally around a longitudinal axis. During a pitch-up maneuver, an aircraft rotates about its lateral axis. A control surface known as stabilator or elevator situated near the rear of the aircraft gets deflected thus generating lift force that as a result of its moment arm (distance) from the aircraft’s center of gravity it produces a pitching moment. In most cases, an elevator is attached to a fixed (immovable) surface known horizontal stabilizer. The horizontal stabilizers acts as the feathers of an arrow that maintains an aircraft pointed at the right direction. Stabilator is a combination of both functions of the elevator and horizontal stabilizer. The stabilator is all-moving because it has no fixed portion. Elevator’s up positioning minimizes the camber of the elevator hence creating

Nurses Role in Communication of Health Promotion Initiative Assignment

Nurses Role in Communication of Health Promotion Initiative - Assignment Example Also, studies have proved that even though most nurses agree that obesity is a diagnosis that needs intervention, they do not pursue matter with overweight patients (Birse, 1998). Since obese people do not feel free to got the hospital to seek medical intervention and nurses are not fully committed to assist them when they encounter them at the hospital, what could be advocated is a social website that will educate the obese people on how to lose weight. People today tend to express their feeling at the social sites, which are gaining fast recognition (McCarthy, 2009). Hence, having a hospital social site that seeks to assist obese people share their feeling will, without doubt, work. The social site could also mean that nurses will stop worrying about countering obese people in reality and only face them when the matter is critical. It also acts as a cheaper alternative to actual medical

Art education Personal Statement Example | Topics and Well Written Essays - 500 words

Art education - Personal Statement Example Moreover, in the modern world, with interests of many people gradually shallowing to be limited by mere consumption of civilization’s goods, there is a huge need for developing sense of beauty and interest in spiritual fare. My passion for art evolved into desire to devote my further life to it, particularly, to sharing knowledge about art with others, fostering aesthetic sensitivity in them, and making a small yet important contribution to enhancement of cultural level in the society. Thus, following my dream, I successfully graduated as an undergraduate in Art Education: in 2008, I obtained my Honors Degree. During my undergraduate education period, I acquired organizational and leadership skills and thematic knowledge, developed aesthetic sensibility and got better realization of my purpose in career. Willing to put my knowledge into practice, I worked with children in summers during my tuition period. After graduation, pursuit for good practice led me to an elementary school, where I had worked for one year, teaching children Art. I should mention that this experience was absolutely enjoyable, because it allowed me to broaden children’s outlook and inspire them to create something beautiful. Moreover, I consider art education for younger children extremely important for balancing other disciplines and supporting development of creativity. This is a crucial step in realization of creative potential already in early years and fostering love of art. After practicing my knowledge with children, I moved on to work as a lecturer at the university for two years (from 2009 to 2011): this experience gave me precious skills of working with older students and quickening their interest in Art. Next, I proceeded with my education in the United States by learning English in Ohio State University between 2011 and 2013. Having achieved satisfying results there, I came back to the university and continued with my

Origanum Majorana Essential oil Research Paper Example | Topics and Well Written Essays - 2000 words

Origanum Majorana Essential oil - Research Paper Example Therefore some essential oils are used in order to fasten the overall recovery process of patients. Origanum Majorana Essential Oil is one of the them which is extracted from herbs; possessing relatively higher sedative, analgesic, anti-spasmodic, anti-fungal, anti-viral, expectorant, stimulant, disinfectant and calming effects (Marjoran, 2011). In this paper only one essential oil is discussed i.e. Origanum Majorana Oil with respect to the treatment of surgical ICU patients. Origanum Majorana is a Latin name for Marjoram which means ‘greater’ not because of some physical or chemical compositions but due to the ancient perception that the use of Origanum Majorana oil can increase lifespan of humans (Marjoram, 2012). This herb belongs to the family Lamiaceae. It has penetrating smell, slightly spicy taste and overall warm nature. Its chemical components include Thymol, Caryacrol, Pinenel, Camphor, Origanol, etc. The Origanum Majorana oil is extracted from its flowers. It is yellow in color and turns brown as it decomposes. It has some distinctive properties which makes it highly applicable for the treatment of surgical patients. These include (Marjoram, 2012): The oil has soothing and calming effect when consumed internally or when applied externally over the body. Its distinctive chemical composition helps in reducing stress. It provides relief to the muscle pain and throbbing. The oil has an ability to deal with the miseries of congestion and common cold. The warm and woody smell of the oil provides relaxation to human senses. Massage of Origanum Majorana releases pain during menstruation. It is also recommended for the treatment of insomnia as it regulates the functioning of nervous system. The oil is extensively used in body massage after sports. It provides warm effect to the body when used in hot bath. Description The Romans have categorized Origanum Majorana as the ‘herb of happiness’ and for the Greeks it was a key source of â⠂¬Ëœjoy to the mountains’ due to its sedative properties and an ability to reduce tension. Surgical patients experience tension before and after the surgery which is a natural phenomenon. However, the tension and emotional imbalance might lead to high blood pressure which can cause problems particularly during and after the surgery. Therefore it is the prime concern of medical professionals to reduce tension and mental stress of these patients. For this purpose several medicines and therapies are used. The application of Origanum Majorana essential oil

Psychometrics Essay Example | Topics and Well Written Essays - 1000 words

Psychometrics - Essay Example The tests used are designed strictly for this purpose and has no relevance to anything else other than the purpose for which it was created (Rust & Golombok, 1989). Measurement in psychometrics can be taken as the conversion of abstract constructs into concrete variables on the basis of a clear set of rules and arises from the conjecture of McCall 1939 p.15, that â€Å"anything that exists in amount can be measured.† Tests form the essential feature of the means to measurement in psychometrics. A test may be taken as a standard procedure in an attempt to sample behaviour and describe it in terms of categories or scores. A true test incorporates norms and standards in relation to the scores that assist in the prediction of behaviour and performance. An unstandardised test has confounding factors in it, which interact with the performance and as a result has a negative impact on the ability to evaluate performance. Psychological testing attempts to ape measurements in the physical measurement, where numbers are ascribed to demonstrate levels of some feature like temperature or weight. Tests through its scores or evidence make it possible to assess whether an individual belongs to a particular category or group and to evaluate the quantum of trait or quality that is possessed by the individual. There are two caveats that govern any test. The first caveat is that error is inherent to a test result and that the measurement obtained is not a reflection of the true score, but a reflection of the sum of the true score and the error, which may be positive or negative. The second caveat is that psychological test scores are not a measure of physical reality and are representative of abstract concepts. For example the Intelligence Quotient (IQ) does not really exist, but is a useful abstract concept for predicting success in academics or career. Test scores are interpreted through the comparison against a set of