Wednesday, July 8, 2020

2017 Best Brightest Cameron Stevens, Penn State University (Smeal)

2017 Best Brightest: Cameron Stevens, Penn State University (Smeal) by: Jeff Schmitt on April 09, 2017 | 0 Comments Comments 480 Views April 9, 2017Cameron StevensPenn State University (Schreyer Honors College and Smeal College of Business)I’m an ordinary guy who has been fortunate to have extraordinary experiences. It’s gone well!Fun fact about yourself: I’m an Eagle Scout!Hometown: Camp Hill, PennsylvaniaHigh School: Cumberland Valley High SchoolMajor(s): Finance, Economics, and International PoliticsMinor: Mandarin ChineseFavorite Business Courses: 1) Advanced Financial Modeling2) Security Analysis and Portfolio ManagementExtracurricular Activities, Community Work and Leadership Roles during College:Executive Board Member: Schreyer Honors College Career Development ProgramTeam Leader and Mentor: Honors College Freshman OrientationResearch Coordinator: Smeal Center for Global Business StudiesSchreyer Honors ScholarRecipient of multiple scholarships for ac ademic merit and travel to Israel and ChinaWhere have you interned during your college career?Goldman Sachs (New York, New York)Role: Financial Product Control AnalystDescription: Created daily financial reports for senior management including profit and loss statements and balance sheets for a $8B investing and lending businessDM Capital (Shenzhen, China)Role: Market AnalystDescription: While living and working in Shenzhen China for three months, I supported the work of a Chinese activist investment fund by conducting market research.The U.S. Army War College Strategic Studies Institute (Carlisle, Pennsylvania)Role: Strategic Studies ResearcherDescription: Researched and published two papers on pressing issues of international relations between the United States and China.Describe your dream Job: My ideal job is one in which I can be a valuable source of advice and guidance to a wide range of professionals in a variety of industries. Fortunately, I will be starting in such a positi on as a Strategy and Operations business analyst with Deloitte Consulting this fall.Who is your favorite professor: While there have been many memorable and effective professors at Smeal, the one who had the greatest impact on my career here was Dr. Timothy Simin. By providing an intensive but approachable introduction to modern portfolio management theory that often went beyond topics normally taught at the undergraduate level, the course that I took with professor Simin was the bedrock of my advanced financial education. Models that I learned in his class have still been my go-to coursework examples in my recent interviews.Which executive or entrepreneur do you most admire? I am consistently impressed by the leadership and spirit shown by Elon Musk, best known for being the CEO of both SpaceX and Tesla Motors. I think that the problems and opportunities facing humanity today require bold leadership and cooperation between those in business and engineering. Musk’s acumen in both fields and his willingness to take risks has accelerated progress and innovation in all of the industries he has entered.  Where would you like to work after graduation?  I am very happy to have accepted an offer to work with Deloitte Consulting as a Strategy and Operations business analyst.What are your long-term professional goals? First and foremost, I’ve promised myself that I will never stop learning. A mentor once recommended that every year I should reflect on how I have developed personally and professionally. That is to say, if you look back and are not convinced that you have learned anything in the past year, it’s time to seek out a new experience.Most specifically, however, I will be working towards building my experience and knowledge as a strategy and operations consultant. My long-term goal is to become a well-known and sought-after source of effective strategic advice for individuals and companies.â€Å"I knew I wanted to major in business whe n†¦I realized that I didn’t just want to work with ideas of economics on a theoretical level. I wanted to learn how businesses actually operate and get involved with the day-to-day operation of the economy. Business acumen demands that you get personally involved with everything that you are learning.†Ã¢â‚¬Å"If I didn’t major in business, I would be†¦working to become a Foreign Service officer. I have always been fascinated with international politics and diplomacy, but made the tough decision to follow a path to business. I am very happy with the path that I am on now, but I appreciate that there are many other exciting lives that I might have lived as well.†Ã¢â‚¬Å"Before I entered business school, I wish I had known†¦how important it is to maintain healthy personal and professional relationships with friends and colleagues. There definitely is a technical component to success in business, but ultimately any work that will be done in our fie ld will be done in teams. It is very important to make authentic connections with people and to make a name for yourself as somebody who can be relied upon.†What was the happiest moment of your life? Watching the sun rise over the Great Wall of China after camping next to it for a night while I was over there for my internship was the happiest moment (so far). It was the perfect combination of beautiful scenery and the knowledge that I had done something meaningful with my time as a student.Which academic, extracurricular or personal achievement are you most proud of? Even though it was a while ago, I am still most proud of the work that I put in when I was younger to get my Eagle Scout award when I was a Boy Scout. The award represented almost 10 years of work that I had put in as a youth. I still highly value the outdoors experiences, community service, and leadership opportunities that I gained over those years.What animal would you choose to represent your professional bra nd? As far as personal mascots go, you can’t do much better than the peregrine falcon. It’s the fastest animal in the world, but still possesses the precision and skill to swoop down and catch small prey from hundreds of feet in the air. As a professional, I value my ability to work quickly yet precisely.Who would you most want to thank for your success?    As clichà © as it is, I can’t think of anybody more deserving of my thanks than my parents. They have been immensely supportive of the choices I have had to make to get where I am today. Their flexibility, coupled with honest advice and criticism, has given me the confidence to get outside of my comfort zone and grow as a person.What would you like your business school peers to say about you after you graduate from this program? I would just want them to know that I am somebody who can be relied upon to work hard and to fully deliver on whatever I am working on. I want to be one of the first people who com es to mind when they think of somebody who could do a job well.Favorite book: 2001: A Space Odyssey by Arthur C. ClarkeFavorite movie: The Lord of the Rings TrilogyFavorite musical performer: Freddy MercuryFavorite vacation spot: Turks and Caicos (great SCUBA diving)What are your hobbies? I play the piano, run, and enjoy reading books about history and economics.   I also enjoy travelling and am continuing to work at improving my Mandarin Chinese proficiency.What made Cameron such an invaluable addition to the Class of 2017?Camerons passion for learning and for seeking out new experiences has served him well in life and is one of the many reasons why he is a valuable addition to the class of 2017. In the almost two-and-a-half years that we have been working with him, Cameron has used his experience from internships and travel abroad to China, Israel, and the UK to tackle a wide variety of challenging research topics. He has written case studies about the internationalization of th e Chinese Yuan, published an op-ed advocating changes to IMF currency policies, and is even currently working on an undergraduate thesis that will analyze the effects of automation on employment in the United States.In all that Cameron does, it is clear that he is authentically curious and excited to learn as much as he can. With this drive, combined with the courtesy, respect, and gratitude that he has shown to all he has worked with, Cameron certainly has a bright future ahead of him.Fariborz Ghadar William A. Schreyer Professor of Global Management, Policies and Planning and Director of the Center for Global Business Studies Penn State University, Smeal College of BusinessDONT MISS: THE FULL HONOR ROLL: THE BEST BRIGHTEST UNDERGRADUATE BUSINESS MAJORS OF 2017 Page 1 of 11

Thursday, July 2, 2020

What to Bring to the SAT

Fear of the unknown is a big cause of pre-SAT stress. But it doesnt have to be. The SAT is a known entity! Many of us have taken it (multiple times) and we have wisdom to share. So, if youre stressed because you dont know what to expect on Saturday, youre not alone. Let us walk you through SAT test day before it even happens. SAT Test Day Checklist A great way to stave off test anxiety is to gather everything you need to take to the test before Saturday. That way, on Saturday morning, you can wake up early, have a nice healthy breakfast, grab your SAT bag, and head out the door without any last minute trips to the store for No. 2 pencils. Or searches in your Moms jewelry box for your birth certificate. Or anything else that causes stress and could make you late for the SAT. Dont be late for the SAT!! Stuff Thats Required: Your admission ticket Sign into your College Board My SAT account and select, Print Admission Ticket. Two No. 2 pencils with new erasers You can only use No. 2 pencils on the SAT, and youll need good erasers in case you fill in the bubbles wrong. Your photo ID Check this list to see what qualifies as an acceptable ID. A calculator Graphing calculators, scientific calculators, and 4-function calculators are all okay. Double check that you have an acceptable calculator by reading the Calculator Policy. Pro Tip: Put all of these items in a clear ziploc bag so that you can keep everything organized at your desk without arousing any suspicion from the proctor! Stuff Thats Nice to Have: A bag or backpack Youll keep this bag at the front or back of the room, so dont bring your Jansport backpack thats exactly the same as everyone elses. Bring something recognizable that you dont mind leaving out of sight during the test. (Think: tote bag not designer purse). A snack and a drink Youll get a short break during the test, so bring a snack that you can eat quickly in between sections. I recommend water and a slightly sugary snack like trail mix with MMs or a Snickers bar youll want the protein and (light) sugar high to get you through the remaining sections. Extra batteries You really dont want your calculator to run out of batteries during the test. I strongly recommend going into the SAT with fresh batteries in your calculator. Either way, bring extras its better to be safe than sorry. A watch Some testing locations dont have a very visible clock. The proctor will help you with time management, but youll feel less stressed if you can keep track of the time on your own. Make sure that your watch does not make any noise. If your alarm accidentally goes off during the test, you will be accused of cheating. Dont risk it. Pro Tip: If youre worried about what youre allowed to bring to the SAT, find more information on the College Boards website. Guys, Youre Ready Trust in all the hard work that youve put in. Dont second guess yourself. Do everything in your power to go into the test confident, well-rested, and well-nourished then, do your best!

Tuesday, May 19, 2020

Site and Situation in Urban Geography

The study of settlement patterns is one of the most important subjects of urban geography. Settlements can range in size from a small village with a few hundred residents to a metropolitan city of over one million people. Geographers often study the reasons why cities develop where they do and what factors lead to a settlement becoming a large city over time or remaining as a small village. Some of the reasons behind these growth patterns are related to the areas site and its situation. Site and situation are two essential concepts in the study of urban geography. Site The site is the actual location of a settlement on the Earth, and the term includes the physical characteristics of the landscape specific to the area. Site factors include landforms, climate, vegetation, availability of water, soil quality, minerals, and wildlife. Examples of site factors include whether an area is protected by mountains or if there is a natural harbor present. Historically, such factors led to the development of major cities worldwide. New York City, for example, is located where it is because of several site factors. As people arrived in North America from Europe, they began to settle in this area because it had a coastal location with a natural harbor. There was also an abundance of fresh water in the nearby Hudson River and small creeks, as well as raw materials for building supplies. The site of an area can also create challenges for its population. The small Himalayan nation of Bhutan is a good example of this. Located within the worlds highest mountain range, the terrain of the country is extremely rugged, making transportation within the country very difficult. This, combined with the incredibly harsh climate in many areas of the country, has made much of the population settle along rivers in the highlands just south of the Himalayas. Only 2% of the land in the nation is arable, with much of it located in the highlands, and so making a living in this nation is highly challenging. Situation The situation is defined as the location of a place relative to its surroundings and other places. Factors included in an areas situation include the accessibility of the location, the extent of a places connections with another, and how close an area may be to raw materials if they are not located specifically on the site. Though its site has made living in the nation challenging, Bhutans situation has allowed it to maintain its policies of isolation as well as its own highly separated and traditionally religious culture. Because of its remote location in the Himalayas, entering the country is challenging and, historically, this has been beneficial because the mountains have been a form of protection. The heartland of the nation has never been invaded. Bhutan now controls many of the most strategic mountain passes in the Himalayas, including the only ones into and out of its territory, leading to its title as the Mountain Fortress of the Gods. Like an areas site, however, its situation can also cause problems. For example, Canadas eastern provinces of New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island are some of that countrys most economically downtrodden areas, due in large part to their situations. These areas are isolated from the rest of Canada, which makes manufacturing and the little agriculture possible too expensive. There are very few natural resources in proximity to these provinces. Many are off the coast; due to maritime laws, the government of Canada itself controls the resources. Moreover, the traditional fishing economies of the region are today crashing along with the fish populations. The Importance of Site and Situation in Todays Cities As shown in the examples of New York City, Bhutan, and Canadas east coast, an areas site and situation played a significant role in its development, both within its boundaries and on the world stage. These phenomena have shaped history and are part of the reason why places like London, Tokyo, New York City, and Los Angeles were able to grow into the prosperous cities they are today. As nations around the world continue to develop, their sites and situations will continue to play a large role in whether or not they will be successful. Though todays ease of transportation and new technologies such as the Internet are bringing nations closer together, the physical landscape of an area, as well as its location in relation to its desired market, will still play a large role in whether or not a particular area will grow to become the next great world city.

20 Poetic Metaphors About Time

According to proverbs, time heals, steals, and flies. In that same vein, time is also something we all make and take, save and spend, keep, waste, kill, and lose. Habitually and almost without thinking, we explain our relationship to time through metaphors. In ​More Than Cool Reason: A Field Guide to Poetic Metaphor (University of Chicago Press, 1989), George Lakoff and Mark Turner remind us that Metaphor isnt just for poets; its in ordinary language and is the principal way we have of conceptualizing abstract concepts like life, death, and time. So whether were spending it or running out of it (or both), we deal with time metaphorically. 20 Metaphorical Quotes About the Definition of Time Time is a circus, always packing up and moving away. - Ben Hecht Time, you old gipsy man,Will you not stay,Put up your caravanJust for one day? - Ralph Hodgson, Time, You Old Gipsy Man Prince, I warn you, under the rose,Time is the thief you cannot banish.These are my daughters, I suppose.But where in the world did the children vanish? - Phyllis McGinley, Ballade of Lost Objects But thats where I am, theres no escaping it. Times a trap, Im caught in it. - Margaret Atwood, The Handmaids Tale Time is the reef upon which all our frail mystic ships are wrecked. - Noel Coward, Blithe Spirit She tried to discover what kind of woof Old Time, that greatest and longest established Spinner of all, would weave from the threads he had already spun into a woman. But his factory is a secret place, his work is noiseless, and his Hands are mutes. - Charles Dickens, Hard Times Time is a storm in which we are all lost. Only inside the convolutions of the storm itself shall we find our directions. - William Carlos Williams, Introduction to Selected Essays Time is but the stream I go a-fishing in. I drink at it; but while I drink I see the sandy bottom and detect how shallow it is. Its thin current slides away, but eternity remains. - Henry David Thoreau, Walden Time is a flowing river. Happy those who allow themselves to be carried, unresisting, with the current. They float through easy days. They live, unquestioning, in the moment. - Christopher Morley, Where the Blue Begins Time is an equal opportunity employer. Each human being has exactly the same number of hours and minutes every day. Rich people cant buy more hours; scientists cant invent new minutes. And you cant save time to spend it on another day. Even so, time is amazingly fair and forgiving. No matter how much time youve wasted in the past, you still have an entire tomorrow. - Denis Waitely,  The Joy of Working Old Time, in whose banks we deposit our notesIs a miser who always wants guineas for groats;He keeps all his customers still in arrearsBy lending them minutes and charging them years. - Oliver Wendell Holmes, Our Banker Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you. - Carl Sandburg Yesterday is a canceled check; tomorrow is a promissory note; today is the only cash you have, so spend it wisely. - Kay Lyons Time is a fixed income and, as with any income, the real problem facing most of us is how to live successfully within our daily allotment. - Margaret B. Johnstone What am I now that I was then?May memory restore again and againThe smallest color of the smallest day:Time is the school in which we learn,Time is the fire in which we burn. - Delmore Schwartz, Calmly We Walk Through This Aprils Day Time is a dressmaker specializing in alterations. - Faith Baldwin, Face Toward the Spring Initially, I was unaware that time, so boundless at first blush, was a prison. - Vladimir Nabokov, Speak, Memory Time is an irreversible arrow, and we can never return to the self that we sloughed off in childhood or adolescence. The man trying to wear youths carefree clothing, the woman costuming her emotions in dolls dresses — these are pathetic figures who want to reverse times arrow. - Joshua Loth Liebman, Renunciation of Immaturity,  Ã¢â‚¬â€¹from Peace of Mind Time is a great teacher, but unfortunately it kills all its pupils. - Hector Berlioz Time is a gift, given to you,given to give you the time you needthe time you need to have the time of your life. - Norton Juster, The Phantom Tollbooth

Wednesday, May 6, 2020

Enron Case Study Essay - 2248 Words

Enron Summery of Enron case The Enron scandal has far-reaching political and financial implications. In just 15 years, Enron grew from nowhere to be Americas seventh largest company, employing 21,000 staff in more than 40 countries. But the firms success turned out to have involved an elaborate scam. Enron lied about its profits and stands accused of a range of shady dealings, including concealing debts so they didnt show up in the companys accounts. As the depth of the deception unfolded, investors and creditors retreated, forcing the firm into Chapter 11 bankruptcy in December. More than six months after a criminal inquiry was announced, the guilty parties have still not been brought to justice. Leaders†¦show more content†¦The PRC was a powerful mechanism for preventing the emergence of subcultures running counter to the organizational tone set by Enron’s hierarchy. Members of the Risk Management and Assessment Group who reviewed the terms and conditions of deals ( and who were largely inexperienced recent MBA graduates) as well as internal auditors, were fearful of retaliation in the PRC from persons whose deals they were reviewing (Chaffin and Fidler 2002; Dallas 2003). At best, control was compliance-based, seldom encouraging employees to follow either the letter or the intent of laws (Dallas 2003). This punitive environment brought the consequences of dissent sharply into focus. Enron’s culture has been characterized as â€Å"ruthless and reckless †¦ lavish rewards on those who played the game, while persecuting those who raised objections† (Chaffin and Fidler 2002, 4-5). Led by Skilling’s cavalier attitude to rules, top management conveyed the impression that all that mattered was for employees to book profits. In sum, this led to an erosion of employees’ confidence in their own perceptions and, most crucially, to further compliance with the organization’s leaders in a way that strengthened conformi st behavior. Former employees have noted how â€Å"loyalty required a sort of group think† (Chaffin and Fidler 2002, 2) and â€Å"that you had to ‘keep drinking the Enron water’† (Stephens and Behr 2002, 2). A myth of smooth, flawless operations was perpetuatedShow MoreRelatedENRON Case Study1572 Words   |  7 Pages1. The Enron debacle created what one public official reported was a â€Å"crisis of confidence† on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad, the blame starts with the top level executives, there was no different in this case. For Enron the blame started with Enron’sRead MoreEnron Case Study2596 Words   |  11 PagesEnron a Case Study Enron, once known as the worldwide leader in energy trading, began as a natural gas pipeline company. â€Å"At its peak, Enron brokered up to 20 percent of America’s energy transactions. These included basic contracts to deliver natural gas from wells to pipelines for distribution to homes, contracts for the purchase of electrical power facility out port, and more complex financial contracts, which allowed power companies to manage price and market risk† (Ackman)Read MoreEnron Case Study4789 Words   |  20 PagesEXECUTIVE SUMMARY This report will analyse the groupthink’s concerns in the collapse of Enron. The collapse of Enron is less than three months, which Enron from a very prosperous company to a bankrupt enterprise. The collapse of Enron is one of the most grievous business failures in United States. This disastrous business failure had causes a large number of employees lost their jobs and retirement savings. Groupthink leads groups to make faulty judgments. Groupthink occurs when a group makeRead MoreEnron Case Study5921 Words   |  24 PagesEnron Case Study [pic] Part A: Problem Focused Analysis and Recommendations. 1. Brief Case Background. List key events, use timeline. Case Background At one time Enron was one of the world’s largest producers of natural gas, oil, and electricity. It also appeared to be one of the most profitable companies, taking shareholders from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnershipsRead MoreEnron case study1195 Words   |  5 Pagesï » ¿Q 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000, totaling 35.1% profit growth for the three-year period. Enron was among the leading of â€Å"high performing† companies by sustaining a high earnings growth insight. However, as Table 1 indicates, Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the sameRead MoreEnron Case Study Analysis1699 Words   |  7 PagesBusiness Strategy Enron Case Study 09/08/12 Enron Case Study: From Company to Conspiracy 1. What is the History of Enron, and what current situation does it find itself in? Enron was created by a combination of companies. These companies were Houston Natural Gas and InterNorth. These companies were merged together in July 1985. CEO of Houston Natural Gas, Kenneth Lay became chairman and CEO of the combined company. This happened in February 1986. The company changed its name to Enron on April 10thRead MoreEnron Case Study Summary976 Words   |  4 PagesEnron Case Study The case of Enron is a fascinating one. United States is a country where auditing and accounting principles are so strong. How can something take place on such high level in the United States? The Enron case demonstrates the need to reform the accounting and corporate governance practices in the United States. Moreover, the Enron case made government officials to pay close attention to deregulated energy market. Some of the aspects that struck me are discussed below. One of theRead MoreEnron Case Study1472 Words   |  6 PagesQ 1: Evaluate Enron profit and cash flow performance during the period 1998 – 2000? Profitability Measures Enron’s reported net income grew from $703 million in 1998 to $979 million in 2000, totaling 35.1% profit growth for the three-year period. Enron was among the leading of â€Å"high performing† companies by sustaining a high earnings growth insight. However, as Table 1 indicates, Enron’s reported profits were microscopic relation to revenues. Net income did not grow at anything near the sameRead MoreEnron Tyco Case Studies2163 Words   |  9 PagesRunning head: CASE STUDIES: ENRON’S FALL AND TYCO INTERNATIONAL’S LEADERSHIP CRISIS Case Studies: Enron’s Fall and Tyco International’s Leadership Crisis Grand Canyon University BUS 604 November 4, 2009 Case Study: Enron’s Fall and Tyco International’s Leadership Crisis The tight Federal regulations now governing businesses and their accounting practices came about because one corporation, Enron, took risks their company could not withstand without taking some rather extreme measures inRead MoreEnron and Worldcom Case Study1225 Words   |  5 PagesEnron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm, uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the

Emotional Intelligence And Attribution Theory - 2033 Words

Introduction Communication is important not only in day-to day activities, but also in a career. Communication is the exchanging of information by speaking, writing, or using some other medium. This paper looks at the importance of emotional intelligence and attribution theory for a sales person in the energy industry. Moreover, it highlights evidence of improvement in both face to face interview and individual presentation. Two actions are also discussed that have the ability to enhance a career of a sales person in the energy industry. Emotional intelligence and attribution theory Emotional intelligence and the attribution theory contribute significantly to a student’s performance. In this regard, emotional intelligence refers to a student’s capacity to be aware of express, and control emotions while handling interpersonal relationships empathetically and judiciously. Emotional intelligence affects how an individual navigates various social complexities, manages behaviour and makes different personal decisions to get a positive outcome. The attribution theory, on the other hand, regards how human beings understand cases and how this relates to their behaviour and thinking (McLeod 2010). In other words, attribution theory presumes that people attempt to understand humans’ acts. Both the emotional intelligence and attribution theory will play a critical role in my success as I pursue my graduate career by enabling me to operate more effectively. Emotional intelligence AShow MoreRelatedEmotional Intelligence and Locus of Control as Correlates of Career Choice in Business Education Among Undergraduates1266 Words   |  6 Pagesinfluencing career choice of undergraduates in Business Education, but none has focused on influence of emotional intelligence and locus of Control. Therefore this study will focus on how and to what extent Emotional Intelligence and Locus of control can influence career choice in business among undergraduates. For most people, emotional intelligence (EQ) is more important than one’s intelligence (IQ) in attaining success in their lives and carrier. As individuals our success and the success of theRead MorePerception, Diversity, Attribution And Attitudes1095 Words   |  5 Pages Writing Assignment II Perception, Diversity, Attribution and Attitudes Stefanie M. Young FSW State College Social Perception is the process that allows us to interpret and understand our surroundings. (Overgaard, S., Krueger, J. p. 395) Perception has a four-stage process: comprehension, encoding, storage, and response. With the first stage, we become aware of a situation or a person around us. The second step we take that new raw information and process it. Third stage, it isRead MoreEssay about Evaluation of Two Theories of Attribution789 Words   |  4 PagesEvaluation of Two Theories of Attribution One attribution theory is the correspondent inference theory by Jones and Davis (1965). This theory was developed on Heider’s idea that the observer has a general tendency to make an internal attribution. This is because it is easier to say that the cause of someone behaviour is something within the actor as it makes the world seem more stable and predictable, rather than having to make an attribution for a person for every situationRead MoreMgt 600 Essay629 Words   |  3 Pagesand external equity and how is each achieved in organizations? 3. Differentiate between (a) content, and (b) process theories of motivation. 4. In Equity theory, what are two possible outcomes/ratios? What can an employee do to deal with inequity when it occurs? 5. How does Herzberg’s view of satisfaction/dissatisfaction differ from traditional views? How is his theory applied in practice? (note specifically, the steps outlined in your reading article for â€Å"job enrichment†). 6. DiscussRead MoreThe Term Emotional Intelligence ( Ei )1630 Words   |  7 PagesInteracting with others in an effective way is essential to managing work and social connections. The term emotional intelligence (EI) is used to describe a person’s ability to perceive emotion in others, express and control their own emotions, as well as controlling emotion in others (McShane Von Glinow 2013, p.105). What is intelligence? Intelligence is a combination of knowledge and aptitude and shows the breadth and rate of learning (Mayer, Roberts, Barsade 2008, p.511). †¢ Knowledge isRead MoreStability vs Change859 Words   |  4 Pages(1974). Additionally, Windows of Opportunity is a specific time span for normal development of certain types of skills. â€Å"Timing is important† Herr (2008). For example, since the critical period for emotional control is birth to three years, children who miss this window are likely to experience emotional related difficulties later in life. Possible examples are problems with showing empathy or difficulty managing their feelings. Question: Is the Individual’s personality primarily determined byRead MoreTheories of Motivation1011 Words   |  5 PagesTheories of Motivation Arousal: * A person’s state of alertness and mental and physical activation. Arousal Theory: * People are motivated to maintain an optimal level of arousal. * The optimal level is different for all of us. Stimulus Motives: * Motives that cause us to increase stimulation. * Appear to be unlearned, * Curiosity, exploration, and play that occur when your arousal is too low. 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Although, it is not very useful until matched with the Big Five Personality Framework. Some essential leadership traits are extroversion, conscientiousness, openness, and emotiona l intelligence (Qualified). The only one I don’t agree with so much is theRead MoreIntelligence Of Intelligence And Intelligence1450 Words   |  6 PagesIntelligence can be defined as referring to intellectual functioning. There are many ways to assess intelligence such as intelligence quotients, many standardized test such as IQ tests, and the comparison of your personal intelligence among those in your same age group. Test like the IQ fail to measure the different types of intelligence. When most people think about intelligence they make the general assumption that one is referring to academic intelligence. There are mare many different factors

Contract between Two Parties-Free-Samples for Students-Myassignment

Questions: 1. Discuss whether contract had been formed between Ben and Mojo Beverages. 2.Discuss whether contract had been formed between Dorper and Livestock. Answers: 1.Issue Based on the facts of the case study, the main issue here relates to whether a contract had been formed between the two parties, i.e., Ben and Mojo Beverages. Rule A contract is the promise undertaken between two or more parties where one party carries on certain obligation and the other party makes the payment of consideration (Andrews, 2015). This promise holds legal validity due to the presence of different elements of contract formation. Included in these elements are ones of agreement, i.e., offer and acceptance, followed by consideration, intent, clarity, capacity and intent (Ayres and Klass, 2012). The first step in the formation of any contract is that an offer has to be made by one party, which covers in clear terms what is being offered by them. There is a need to obtain clarity on the communication being an offer, as often invitation to treat is made, which comes before any offer. Through an invitation to treat, an interest of negotiating on the possible contract is shown, whereas an offer shows the intent of the parties in being legally bound through the contract (Clarke and Clarke, 2016). A leading example of invitation to treat is the advertisements which a person often comes across in newspapers, or in magazines. In the matter of Partridge v Crittenden [1968] 1 WLR 1204, it was provided by the courts that such an ad is not an offer and instead is an invitation to treat (Blum, 2007). But, every case is not the same, and the terms stated in such communication are to be analysed for defining it as an invitation to treat or an offer. When the ads placed cover such terms where the acceptance on them can be made by simply performing any task, a unilateral contract is created, due to transformation of an invitation to treat into an offer and this was held in the landmark case of Carlill v Carbolic Smoke Ball Company [1893] 1 QB 256. An ad had been covered in this cases in which it was covered that the smoke ball had to be used in a particular manner; and that even after using this product in the specified manner, if an individual catches flu, they would be given the amount advertised. The plaintiff used this and still got sick with flu and applied for the advertised amount to be paid. However, the defendant stated that the ad was just an invitation to treat and lacked the intention to be bound. When the matter was presented before Court of Appeal they stated that the p laintiffs contentions were right. Due to these reasons, the court held that a unilateral offer had been made in the advert; and by performing its terms, a unilateral contract had been formed (Stone and Devenney, 2017). Upon an offer being made by one party, the party to which it was made had to accept the offer. Any other party cannot give acceptance to this. Though, when it comes to the cases of unilateral offers, any individual to whom such offer has been made, can accept it; for instance, where the unilateral offer is made to people in certain jurisdiction, anyone from such jurisdiction can accept it by doing what has been stated in the offer (Abbott, Pendlebury and Wardman, 2007). The next element is consideration which can be any value mutually decided between the parties. However, it is important that the consideration has economic value. It needs to be present not past, and sufficient not adequate. Chappell and Co Ltd v Nestle Co Ltd [1960] AC 87 proves to be of help in clarifying this matter. This case saw the courts accepting the three chocolate bar wrappers as valid consideration (Latimer, 2012). Application The facts given in case of Ben and Mojo are quite similar to the ones given in the landmark case of Carlill v Carbolic Smoke Ball Company. Both of these had newspaper ad covering unilateral offers, since both can be accepted by performing the terms. The case study could be accepted by the people present at the lake, by catching the Lord Harry. The consideration element was also present in this case due to the ad stating that the person catching Lord Harry would get $100,000. Thus, by catching Lord Harry, Ben accepted the promise and deserves to be paid the amount of $100,000. Despite the rumour which had been spread at the lake, Ben had placed his reliance over the printed advertisement as it clearly stated that by catching Lord Harry, the person would be paid the sum of $100,000. There was no reasonable belief present before Ben to believe in the rumour being true. Mojo had never corrected on the displayed price sum. Furthermore, the rumour was never confirmed by the representative of the company who was there at the lake for certifying Lord Harry being caught before the same is released in the lake. Their silence confirmed it for Ben to not rely upon the rumour and to continue believing in the written communication. As nothing is stated otherwise, the other elements of a contract are assumed to be present in this case. Conclusion From the discussion carried in the previous parts, it can be concluded that a contract had been created between the two parties of this case. 2.Issue Based on the facts of the case study, the main issue here relates to whether a contract had been formed between the two parties, i.e., Dorper and Livestock. Rule In the previous segment, acceptance was explained in very brief and it was stated as one of the elements required for forming a contract. In order for acceptance to be given on an offer, the same has to be properly communicated. The offer has to be accepted in exact terms in which the same had been made (Elliot, 2011). In case of any change is made in the offer which has been made, a counter offer is deemed to be made. When such happens, based on Hyde v. Wrench (1840) 3 Beav 334, the offer made initially ends. In this regard, the date of such acceptance also holds significance. This is the date when the communication of acceptance is received by the offer making party (Marson and Ferris, 2015). Though, a leading exception to this rule is the postal rule of acceptance. As per the postal rules of acceptance, the date of acceptance is taken to be the date on which the letter of acceptance is posted. The reason for holding this was provided in Byrne v Van Tienhoven (1880) LR 5 CPD 344, where it was held that the postal office is the agent of the offering party (Mulcahy, 2008). In case the offer has to be revoked, it has to be done before an acceptance is provided on the offer. As per Tallerman Co Pty Ltd v Nathan's Merchandise (1957) 98 CLR 93, the postal rules can be accepted as a valid means of acceptance in only such cases in which the offering party has the reasons to believe that this mode would be used for giving the acceptance by the accepting party. Again, there is a need to differentiate between an acceptance and a request for information. In Harvey v Facey [1893] AC 552, the question regarding the lowest price of the pen was a request for information and not an acceptance or an offer. A telegram had been sent by the plaintiff to the defenda nt, in which the selling price of the pen was asked particularly in context of its lowest price. The reply to this telegram was the sum which was the lowest price of this pen. The court held that this was a request for information and could not be taken as an offer due to lack of intent amongst the parties (Poole, 2016). Contract formation also requires the presence of clarity for the terms which are included in the contract. Another important element is the intent, where the parties need to have the intent of being bound in a legal manner, where they would get legal liabilities as well, with the legal rights. And the final requisite element is the capacity, where the parties need to be of legal age in order to get into a contract and this is in addition to sound mind of the parties (Treitel and Peel, 2015). Where the terms on which the contract is based, are not fulfilled as per the manner in which they are stated in the contract, or as per the promise made under the contract, the contract is breached. Once this happens, the aggrieved party can apply for equitable and monetary damages (Lambiris and Griffin, 2016). Application Based on the case study, it is clear that the parties had the intention of creating legal relations and thus, a contract. The case had offer and counter offer which acts as an evidence of this intent being present. The communication sent on June 01st to Livestock by Dorper is to be taken as an offer as this communication clearly stated the terms which had been offered and also consisted of a valid consideration for the same having an economic value. The offer also provides the price per head and the number of sheep which were for sale, brining clarity to the offer; and the duration for which this offer was open was 14 days. The communication sent on 06 June would be deemed as a request for information which means that the offer had never been accepted. The reason for deeming it as a request of information, as an inquiry was made in this communication. This was not an acceptance, as a result of which the offer expired on the end of its time period. Just because the offer was open for Livestock does not mean that Dorper could not sell the product to someone else. Again, the 06th June communication can also be deemed as a counter offer, as this required an addition of usual terms for finance of the sale. This counter offer would mean that the original offer expired and again, acceptance was not given on the new offer made. Irrespective of deeming the 06th June communication as counter offer or request for information, acceptance was not attained on it. The reason for stating that acceptance was not attained in this case was due to fax being never stated as a valid means of acceptance, based on Tallerman Co Pty Ltd v Nathan's Merchandise. Dorper had no reasons to believe that fax would be used as a mode of acceptance thus proving that an acceptance was not attained. Without the contract being formed, breach of contract cannot be held. The fax receipt or its non receipt is not relevant to this case, owing to the transmission error, as fax was not deemed as a valid mode of acceptance. Conclusion From the discussion carried in the previous parts, it can be concluded that a contract was not formed as acceptance was not attained. References Abbott, K., Pendlebury, N., and Wardman, K. (2007) Business Law. 8th ed. London: Thomson. Andrews, N. (2015) Contract Law. 2nd ed. UK: Cambridge University Press Ayres, I., and Klass, G. (2012) Studies in Contract Law. 8th ed. New York: Foundation Press Blum, B.A. (2007) Contracts: Examples Explanations. 4th ed. New York: Aspen Publishers. Clarke, P., and Clarke, J (2016) Contract Law: Commentaries, Cases and Perspectives. 3rd ed. South Melbourne: Oxford University Press. Elliot, C. (2011) Contract Law. 8th ed. London: Pearson. Lambiris, M., and Griffin, L. (2016) First Principles of Business Law 2016. Sydney: CCH. Latimer, P. (2012) Australian Business Law 2012. 31st ed. 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