BB1751 Quantitative Methods Research Paper Example | Topics and Well Written Essays - 1000 words

BB1751 Quantitative Methods - Research Paper Example The results have been tabulated and compared to show comparisons between the restaurants, their sizes, sales, types, employees, etc. Results are expressed in thousands of pounds. The survey results represent 279 completed self-reporting mail surveys. The respondents were asked to quantify various specific restaurant facts. Most surveys were filled out completely while some were partially completed. When tabulated the blank entries were recorded as "no response". The respondents were asked to relate the general business outlook on a 1 - 7 scale where 1 represents very unfavourable and 7 represents very favourable. The following pie chart helps explain the results: The chart helps report the following results of the general business outlook: 14% reported very unfavourable, 14% reported less favourable, 24% reported unfavourable, 26% reported favourable, 18% reported more favourable, 3% most favourable, 1% very favourable, and 0% no response. The majority of respondents reported the general business outlook as favourable. The majority (51%) of businesses reported that they were small with less than ten employees. Medium size businesses made up of 10 to 20 employees were of 24% of the total. Large businesses, those with 20 or more employees were (21%) of the total. 5% of the respondents reported no size. Total sales for small businesses... rket value for all businesses in the sector was measured at 83788 with a high of 12000 for one business and an average market value of 349.12 for all businesses. The total cost of goods sold measured 12.6% of total sales and wages measured 7% of total sales. The total spent on advertising within the sector was 2726. Respondents reported that of the restaurants in the sector 53% were fast food, 33% were Business Dinner/Lunch, 10% were Private Dinner/Lunch, and 4% left that question blank. The total seating capacity reported within the sector were 19173 seats with the average being 72 seats and the highest being 550 seats. Restaurants within the sector are sole ownership (38%), partnership (9%), or company owned (48%). 5% of the respondents left the question blank. The following chart gives the percentage breakdown: The Average number of fulltime employees per business is 11 and the average number of part-time employees if 13. The majority (51%) of businesses reported that they were small with less than ten employees. Medium size businesses made up of 10 to 20 employees were of 24% of the total. Large businesses, those with 20 or more employees were (21%) of the total. 5% of the respondents reported no size. Total sales for small businesses were reported as 18927, medium 17494, and large 45822. Average sales per small business were reported as 145.59, medium business 291.57, and large business 848.56. Large businesses made more overall, with small businesses next and medium business sales falling about 1500 behind the small businesses. The averages followed the small, medium, large pattern. The business outlook based upon restaurant type was pretty much the same with the average scores between 3.3 and 3.4. That represents a reporting between

Art and Architecture of Africa-Pictures Assignment

Art and Architecture of Africa-Pictures - Assignment Example The function of the object: the masks were worn during ceremonies such as circumcision, initiation and funeral ceremonies. They were a sign of authority and were also worn by the Bwadi ya Kifwebe association which was a policing society that provided control and behavior in the community. The function of the object: these sculptures were made to complement the reliquary containers and were ancestral representations that were memorized and addressed in times of need through relics that were preserved in the attached container (Kowalski, pg12). The function of the object: the object was used in Mukudj dances that were commissioned by the community leaders in memory of a great person or the visit of an honorable individual in the community (Bingham, pg33). The function of the object: they were placed on the top of the baskets containing the bones of the ancestors to act as guardians of the bones and at the same time ward off the evil spirits (Dowling, pg50). Kowalski, Marek Arpad. Art and history: incidental notes on carvings of the Fang tribe in the collections of the National Museum of Ethnography in Warsaw. Warsaw: National Museum of Ethnography in Warsaw, 19751976.

Organizational communication and conflict in the workplace Term Paper

Organizational communication and conflict in the workplace - Term Paper Example The Sweet Waters leader believes that firms should install efficient communication channels to prevent conflicts. The Greenwich Tiles manager, on the other hand, believes that firms should install proper problem solving techniques as well as efficient communication channels. Some managers believe that companies should aim at implementing efficient communication and problem-solving frameworks; while the opponents of these strategies argue that they are time-wasting and expensive. The laws applicable in this topic include hiring, termination, and employer and employee rights. These laws promote conflict resolution and communication when companies adhere to their requirements. Organizations may enhance communication and disagreement resolution by training workers, developing adaptable cultures, and developing laws that govern equality at the workplace. Organizations may also use the Tuckman’s team development model to promote efficient team work that leads to efficient communicat ion and problem solving. Communication is the backbone of the success of every organization because it passes information between stakeholders such as managers, employees, customers, and suppliers. This means that if communication does not take place in a workplace, companies do not achieve their goals. However, communication may also lead to the failure of an organization if it is not efficient, friendly, and respectful (Heller 10). This means that companies must manage communication in their workplaces to ensure that it takes place and that it does not lead to conflicts. Most of the organizational managers fail to manage communication in their workplaces because their companies employ numerous employees who have diverse differences such as culture, beliefs, behavior, religion, and schooling (Let’s talk 12). Poor communication in an organization may also arise from personal differences between workers, inefficient

How can organisations ensure that information held within their Essay

How can organisations ensure that information held within their information systems is both secure and also used in an ethical and socially responsible manner - Essay Example n accurate and quickly gathered information regarding markets, products, customers, ideas, and other aspects concerning the business, in order to properly plan and implement their future strategies. Businesses must also keep accurate records of their past, current, and future plans in order to function in an organized manner (Martin, pg. 256, 1973). As businesses must take due care of their possessions and assets to prevent damage or theft, businesses must also protect their information from being stolen or misused. While assets may be quite expensive and valuable for the firm, information is worth much more and has a higher risk involved. Cyber crime is at large in today’s technologically advanced world, in which thieves do not attempt to take physical assets from people, but directly aim to access intangible information, which is regarded as more valuable. Corporations keep their information safe on computers that are locked with passwords and only staff is permitted to access the information. However, often there are instances of information leaks or access to restricted records by competitors, which causes the business immense damage. Hackers and other cyber thieves access important information to commit frauds or to manipulate the business’s financial records. Many times, large amounts of cash are transferred from the business account to other accounts and they become irretrievable (Kankanhalli, Teo, Tan, & Wei, pg. 145-147, 2003). There are thousands of ways that businesses can suffer harm through the access of their personal information. Account numbers, financial information, customer records, meeting plans, and new business strategies are all recorded on computers and it is regarded as a safer place to put such information rather than in paper form where it is easily accessible to all. Unfortunately, while computers may be the safer place to put such information, saving it from ordinary people and ordinary thieves, yet it is still considerably unsafe

Banking Assignment Example | Topics and Well Written Essays - 1000 words

Banking - Assignment Example The mortgages are secured by claims against the various estates the mortgagors purchase. Afterwards, the individual mortgages are huddled together as a mortgage pool. The pool is held as the collateral for an MBS. The MBS can also be issued by a third-party financial institution for instance a large investment banking company or similar bank where the mortgages originated from. Aggregators can also issue mortgage backed securities. There are MBS whose main purpose and interests are guaranteed by a United States government entity or sponsored enterprise. The securities are known as agency MBS which do not expose an investor to credit risk. For a non-agency MBS, issuers normally employ various vehicles to enhance the credit of the security in order to obtain a targeted investment-grade rating. Investors within MBS are exposed to uncertainties about the future cash flow since the borrower has every right to repay the loan wholly or partial as long as it is before the maturity date. This is called prepayment risk which is a major factor in understanding MBS. When the MBS is being created, an issuer would choose to break the mortgage pool severally to different parts known as tranches. These tranches are structured in various forms depending on the choice of issuer. The tranches differ in relation to the priorities of payments received. These early payments must then be allocated to the tranches according to a schedule or priority. This allows the issuer to tailor a single MBS in case of risks and damages. The funds accumulated for example Pensions and hedges are used to invest in high credit mortgage securities and seek higher returns through investing in low credit ratings. A vital innovation in the financial markets has been the securitization of assets. Apparently, this would include mutual funds as securitized investments. Interestingly, securitized investments normally distinguish themselves by the fact that they change priorities of payments to the holders of the securities. The first type of securitized asset was the residential mortgage in 1969 and the first non-mortgage asset securitization were the lease received in 1985. Since then, credit cards, loans and bonds and several other types of debt instruments have been securitized. Considering the prepayment risk that an investor faces in the basic mortgage-backed instrument as well as the pass through security, there is a very high chance of enquiring huge losses. For instance when interests rate fall, homeowners usually begin prepaying their mortgages while leaving mortgage holders normally receive their principle payments earlier than scheduled. Consequently, the cash flow has to be invested in lower interest rate environments according to Chance (2008). As a result, the returns on mortgage pass-through are quite volatile shocking the many investors who were unaware that such a risk would occur. Nonetheless, the result is similar that a new security is created and backed up by the c laims against the mortgagors’ property. However, this security can be sold to participants who are in the secondary mortgage market. The secondary mortgage market is very large hence providing a significant amount of liquidity to the mortgage groups. Competitive Strategy With the business environment continuously becoming more challenging and taking a global twist,

PERFORMANCE ASSESSMENT OF AGRO-INDUSTRIES IN SSA (CASE STUDY THE Thesis Proposal

PERFORMANCE ASSESSMENT OF AGRO-INDUSTRIES IN SSA (CASE STUDY THE CAMEROON DEVELOPMENT CORPORATION IN CAMEROON) - Thesis Proposal Example Our research shows CDC’s performance is generally good through not exceptional and is vital of the steady lives of thousands of people working there. The economic growth of Sub-Saharan African countries depends largely on their oil, mineral wealth and agricultural products. Being one of the driest areas in the world, the SSA countries depend upon their agro-industry for food commodities largely. There are many foreign as well as domestic agro companies present in these countries. According to UNIDO - United Nations Industrial Development Organization, their main aim is to "focus on increasing agro-industrial value added and employment along the entire agribusiness value chain in agriculture, industry and services". However, the impacts of these agricultural development companies which operate more or less like corporate conglomerates are highly debated. Environmentalists strongly argue, these companies are depleting the fertility of the soil in these areas by forcing the farmers to grow cash crops continuously. On the other hand, these companies are highly responsible for providing a steady employment to most of the citizens in t he rural areas of the SSA countries. The salary provided by them serves as a backbone for many Sub-Saharan countries economy. These companies help in improving the infrastructure of these nations to a great extent and help in improvement of various industries related to agriculture. Industrialization is generally looked upon as a major rival for agriculture. But, agriculture also serves as a main source for related industries in small economies prevalent among the SSA countries. The term Agro-Industries originated before a few years referring to industries which linked agriculture and its supporting activities together. These industries deal with packaging and processing of agricultural goods, modernization of agricultural practices and efficient

Option Pricing Theory Essay Example | Topics and Well Written Essays - 2000 words

Option Pricing Theory - Essay Example An option provides the buyer the right to buy or sale the quantity of goods he or she wants at a fixed price known as the strike price. Since the process of buying an option is optional, the holder can choose not to buy or sale the assets. There are two options these are; right to buy and right to sale. Options can come in several varieties like; a put option, gives the seller an underlying price to sale an option (Bostock, 2004). A call option gives its holder the right to buy an option on its set price; these options depend on when the option is offered. Therefore, the paper aims at giving a theoretical analysis of option pricing theory. 2.2 Research questions The paper focuses on two main research questions; to determine the effects of option pricing theory and to explore ways of improving option pricing theory. 2.3 Significance of the research The research targets businessmen who take part in buying and selling of options using the option pricing theories. The research findings w ill provide them with the basis of calculating option prices. The study mainly delimits itself to the two option pricing theories (Black-Scholes model and binomial pricing option models). ... Broadie and Detemple (2000) in their research provided a suggestion that binomial models are modified by replacing the binomial prices with the tree diagram analysis using the the Black-Scholes values, or by making it easy to payoff stocks at maturity, and the other option prices as usual. The major disadvantages of this model is that the option price converges; a result of changes that may take place in the prices. In order to obtain solutions that are exact, the Standard Richardson extrapolation may be applied . Burn (2003) states that, although the option pricing models were used. their patterns of convergent and rate of convergence for calculating the option ratios are not well described. Hull method and extended model can be used to come up with monotonic convergence using as the formula for coming up with deltas and gammas and deltas in this model.He adds that the models can be improved by introducing a more advanced formula, to improve the computation of the hedge ratios while calculation option pricing. The Central Limit Theorem, states that, the actual distribution of prices under the Black-Scholes model converges to its continuous-time limit. For instance, the price distribution of the model converges to a lognormal distribution. Similarly, binomial option prices calculated also converge to the Black-Scholes price. . N-Cumulative Standard normal distribution function r- rate of return (risk free) T-time (up to expiry in years) S-current stock price o- volatility of stock q- strike price Broadie and Detemple (2000) in their evaluation suggested for a binomial model called Binomial Black and Scholes model to price options. This model is identical to the Cox, Ross and Rubinsten (CRR) model apart from