Thursday, May 21, 2020
Sample details Pages: 3 Words: 815 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? A multiplicity of definitions have been attributed to the term performance measurement as there is a lack of agreement on a single definition among various ones proposed by academics from different disciplines, according to a study made by Franco-Santos et al. (2007). For instance, Simons (2000) defines a performance measurement an information system that managers use to track the implementation of business strategy by comparing actual results against strategic goals and objectives. DonÃ¢â¬â¢t waste time! Our writers will create an original "Performance Measurement Definition Of Performance Measurement Finance Essay" essay for you Create order A performance measurement system typically comprises systematic methods of setting business goals together with periodic feedback reports. Performance measurement can also be defined as the set of metrics used to quantify both the efficiency and effectiveness of actions (Neely, Gregory and Platts (1995)). According to Maisel (2001), it is a system which enables an enterprise to plan, measure and control its performance and helps ensure that sales and marketing initiatives, operating practices, information technology resources, business decisions, and peoples activities are aligned with business strategies to achieve desired business results and create shareholder value. The above definitions of performance measurement extracted from previous literature make obvious the lack of consensus on a definition. Each of the mentioned authors provides from a different perspective by using different types of characteristics to derive their definition. For the purpose of our study, the defini tion of Simons (2000) will be used as this study is based on performance evaluation of mutual funds. Performance measurement techniques There are several statistical measures which have been developed by academics so as to be able to have an indication of mutual fund performances. The most widely used ones are: the Jensen Index, the Treynor Index and the Sharpe Ratio. The concept of mutual funds What is a mutual fund? Mutual funds are open-ended investment funds, playing a vital function of channelizing and optimal allocation of idle resources available in the economy of the individual as well as institutional investors . A proper definition of a mutual fund can be said to be a company that pools money from shareholders so as to invest the funds in a variety of assets for the purpose of diversification. Mutual funds act as a connecting bridge or a financial intermediary that enable a group of investors to pool their money together which is invested in a diversified portfolio of securities so as to minimize asset specific risks. These types of funds are largely provided through banks, brokerage firms, trust companies, credit unions, financial planning firms and other investment firms. Structure of mutual funds Mutual funds have a distinctive organizational structure consisting of shareholders, a board of directors, the fund advisor and the portfolio manager. The shareholders are the owners of the fund and possess voting rights. They select those funds that meet with their underlying investment objectives and purchase shares through diverse channels such as brokerage accounts, insurance policies and retirement plans. The board of directors are entrusted the duty to represent interests of shareholders, the approval of the contract with the management company and certain other service providers. The portfolio managers are employees of the fund advisors and their compensation is at the advisors discretion. The different types of mutual funds Mutual funds are usually classified according to their investment objectives. Some funds concentrate on bonds, others on stocks, money market instruments or other securities. There are even those who focus on the local market while others go international or specialized in countries or specific industries. The willingness to invest in riskier securities can also be considered as a distinguishing feature of mutual funds. The common types of mutual funds are as follows: Money market funds investment is made for short-term corporate government and government debt securities such as treasury bills, corporate notes and bankers acceptances. These funds are characterized by their low-risk exposure leading to low returns. Growth or equity funds such a fund invest in the equities in local or foreign companies and some growth funds focus on large blue chip companies, while others invest in smaller or riskier companies. Objective is long term growth as value of the asset held increase s over time. Fixed income funds these types of funds invest mainly in debentures, bonds and mortgages. The objective is typically to provide investors with a regular income stream in terms of interest payments or dividend payments. Balanced funds it consists of a balanced portfolio of mix of equities, debt securities and money market instruments with the aim of providing investors a with reasonable returns with low to moderate risk. Index funds the fund invests in a portfolio of securities selected so as to represent a specified target index or a benchmark. The advantages of investing in mutual funds Diversification Investing in a well diversified portfolio of securities help to reduce the impact of a single investment. Mutual funds provide the benefit of diversification by holding a wide variety of securities . Professional management Low cost Liquidity Convenience
Wednesday, May 6, 2020
Security Operation Centers (SOC) are established in order to defend and protect their constituents from illusive and perilous threats. Cyber Security Operation Centers (CSOC) have a more difficult role to play with their adversaries cloaking themselves with online aliases and high anonymity proxies. With technology racing at a lightning speed, CSOCs have no time to waste reaching their Full Operational Capability, bringing them to be completely capable detecting, analyzing and mitigating crises that their promised constituents face. Cyber Security Operation Centers play a much larger role than simply incident response; depending on what CSOCs define their mission to be, CSOCs can be created to handle and cyber security related task. This breadth makes what they define as Full Operational Capability (FOC) as broad as their networks reach. Reaching Full Operational Capability is not a simple task, and many SOCs fail to reach FOC, much less in their designed time period. Initial Operati onal Capability is the minimum point where a SOC can start caring out the mission to the bare minimum, but this is not sufficient for the SOC nor is it the end goal. CSOCs were not made to stay at their minimum capabilities, but the road to Full Operational Capability is paved with challenges and unplanned potholes on the way to their correct destination. In order to help CSOCs and SOCs alike to reach their Full Operational Capability, eliminating the challenges and potholes must be held to theShow MoreRelatedCyber Security Essay1344 Words Ã |Ã 6 Pagesmy preferred field of interest is cyber security. Because of this, throughout the past couple months, I have been researching thoroughly in hopes to find any recent developments in the field. Through my research, one of the most intriguing advancements in the field of cyber security that I found was cognitive security. 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On August 24 1814, during the War of 1812 we traveled from the Atlantic Ocean, into Chesapeake Bay, and on into Washington D. C. . We will write a custom essay sample on Burning Down the White House or any similar topic only for you Order Now The British Army occupied Washington, D. C. as I and some others set fire to the White House. I was so nervous; I knew it was something I had to do though. It was our commanderÃ¢â¬â¢s orders to only burn public buildings. This was the first time that a foreign power captured and occupied the United States capital. After we set fire to the buildings we left as quickly as possible. This attack was an act of revenge since the Americans burnt York and the buildings of the Legislative Assembly during the battle of York in 1813. The commander told us that attacking Washington would have a greater political effect than any other states would. It is considered against the civilized laws of war to burn a non-military facility and those Americans not only burned the Parliament but also the GovernorÃ¢â¬â¢s mansion, private homes, and warehouses. We didnÃ¢â¬â¢t know it but, the presidentÃ¢â¬â¢s wife was in the white house. Her name was Dolly Madison, two messengers came in and asked her to leave. She left all of their personal belongings, but she managed to get the cabinet papers and the portrait of George Washington. As we went into the White House we were greeted with a dinner set for forty. We ate and drank until we were full, then we done our job. We destroyed the White House and all of the public places we intended to destroy. The MadisonÃ¢â¬â¢s had no choice but to leave, and as they left I seen them helplessly watching us demolish their home. I had to keep reminding myself why I was doing this, in an act of revenge because they burnt us down and payback came their way. How to cite Burning Down the White House, Papers
Sunday, April 26, 2020
Truth is what everyone seeks in his world. Without it, everything will end in chaos and disaster. Ã¢â¬Å"All truths are easy to understand once they are discovered, the point is to discover themÃ¢â¬ was a quote by the famous physician, Galileo Galilei. I was an adopted child who grew up with two foster parents. However, despite having a golden childhood, the relationship I had with my foster parents began to ebb away when I found out I was adopted at the age of 16. A close family member of my birth parents told me my true lineage when I was on a vacation overseas in Malibu. The downfall of it all was because I am Muslim women. And according to the religion Islam, a girl must cover all parts of her body except the face and her hands towards men who are apart of your family. Therefore, growing up in this situation, where I have worn hijab since I was in 6th grade made the lie become and expand like a fire made so much bigger. We will write a custom essay sample on The Value of Truth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It made the days I spent at home with my foster dad become awkward and I began to look down on him since he was a Muslim, it was the basis rule of the religion not to lie. Growing up knowing this as a kid, made me go through a depressing stage in high school where every time my parents would attend the school meeting, I would get anxiety attacks and feel like my world was crashing down when I had to go through this lie all by myself. There were also times when I felt my self-worth shatter into a million pieces. The time was when my foster father, grandfather and uncle would look at my hair or any part of my body that was supposed to be covered. My respect towards them also ebbed away when I was wearing a hoodie and long pants to indicate I knew I was adopted but they all began denying it and they also labelled me as crazy and being too imaginative. Being in the modern society of today, Ã¢â¬Å"Never give upÃ¢â¬ , is a golden principle everyone strives to achieve. Therefore, by applying this principle towards my daily life, I overcame my depression by surrounding myself with people I can trust like my friends. I realized even if a close member of my birth parents didnÃ¢â¬â¢t tell me I was adopted, I would suffer depression, anxiety and other mental illnesses even much worse as a growing teenager. The truth is, as a child you will always know who your real parents are, and growing up as a child I always knew in my heart that they werenÃ¢â¬â¢t my birth parents. Just by one act of kindness and compassion by telling me I was adopted and ending the lie I was living in was a goal and a principle I needed in my life to survive the trials and obstacles I face in life like the quote always says Ã¢â¬Å"Every mountain is within reach if you just keep climbingÃ¢â¬ . The conclusion that I would like to share about my story is, it is better to tell the truth and make someone cry than telling a lie and making someone smile. May the quote by Ã¢â¬Å"the truth may hurt sometimes for a moment, but the pain you experience from a lie can last foreverÃ¢â¬ always remind us of the importance of being truthful on a daily basis.
Wednesday, March 18, 2020
Hearing whos! and holding triple sling jiggers Dr. Seuss has captured the interest and hearts of countless children. But today, since your kindergarten years, have you read the books that entertained and taught you as a child? If so there is probably a little confusion. Not in the simple lyrical composure of his books, but in the themes. Some of these themes are not child oriented as you would think. Throughout SeussÃ¢â¬â¢s 48 books, you find cynical and critical opinion of society and its progress. Dr. Seuss incorporates political, environmental, and cultural ideals into several stories that are passed as childhood easy readers to little children from parents. Such a thing could be thought as a form of childhood brain washing. Divine Right and Monarchy take an insult in the 1950 story Ã¢â¬Å"Yertle the TurtleÃ¢â¬ . Where a power crazed turtle who oversees the pond in Sala-ma-Sond wants his throne higher (Seuss, 2). So that he may see the entire world. Turtle upon turtle climbed each otherÃ¢â¬â¢s back to raise the throne above the pond and high as the trees. As his throne becomes higher on the backs of his loyal turtle subjects he views the whole world and surroundings. But the flaw is that the turtle on the bottom is under so much pressure, and due to over extension, when this little turtle burps, the entire tower falls. The king who was the highest, falls the furthest, and into the mud. From that day forth he was considered the king of mud (Seuss, 1-28). On the point of over extension and power hungry rulers who must see everything and have it under their control, we view the monarchies and dictatorships of today and past. Governments where vanity and power disregard the needs of the people. In the p ursuit of self beautification peoplesÃ¢â¬â¢ needs are ignored and power lust is the disease eating the empire. An empire once strong, now hurting for the sake of a king whom is not worried about those who support the kingdom. Furthermore a sinister v... Free Essays on Dr Seuss Free Essays on Dr Seuss Hearing whos! and holding triple sling jiggers Dr. Seuss has captured the interest and hearts of countless children. But today, since your kindergarten years, have you read the books that entertained and taught you as a child? If so there is probably a little confusion. Not in the simple lyrical composure of his books, but in the themes. Some of these themes are not child oriented as you would think. Throughout SeussÃ¢â¬â¢s 48 books, you find cynical and critical opinion of society and its progress. Dr. Seuss incorporates political, environmental, and cultural ideals into several stories that are passed as childhood easy readers to little children from parents. Such a thing could be thought as a form of childhood brain washing. Divine Right and Monarchy take an insult in the 1950 story Ã¢â¬Å"Yertle the TurtleÃ¢â¬ . Where a power crazed turtle who oversees the pond in Sala-ma-Sond wants his throne higher (Seuss, 2). So that he may see the entire world. Turtle upon turtle climbed each otherÃ¢â¬â¢s back to raise the throne above the pond and high as the trees. As his throne becomes higher on the backs of his loyal turtle subjects he views the whole world and surroundings. But the flaw is that the turtle on the bottom is under so much pressure, and due to over extension, when this little turtle burps, the entire tower falls. The king who was the highest, falls the furthest, and into the mud. From that day forth he was considered the king of mud (Seuss, 1-28). On the point of over extension and power hungry rulers who must see everything and have it under their control, we view the monarchies and dictatorships of today and past. Governments where vanity and power disregard the needs of the people. In the p ursuit of self beautification peoplesÃ¢â¬â¢ needs are ignored and power lust is the disease eating the empire. An empire once strong, now hurting for the sake of a king whom is not worried about those who support the kingdom. Furthermore a sinister v...
Monday, March 2, 2020
The Story of the Septuagint Bible and the Name Behind It The Septuagint Bible arose in the 3rd century B.C., when the Hebrew Bible, or Old Testament, was translated into Greek. The name Septuagint derives from the Latin word septuaginta, which means 70. The Greek translation of the Hebrew Bible is called Septuagint because 70 or 72 Jewish scholars reportedly took part in the translation process. The scholars worked in Alexandria during the reign of Ptolemy II Philadelphus (285-247 B.C.), according to the Letter of Aristeas to his brother Philocrates. They assembled to translate the Hebrew Old Testament into the Greek language because Koine Greek began to supplant Hebrew as the language most commonly spoken by the Jewish people during the Hellenistic Period. Aristeas determined that 72 scholars took part in the Hebrew-to-Greek Bible translation by calculating six elders for each of the 12 tribes of Israel. Adding to the legend and symbolism of the number is the idea that the translation was created in 72 days, according to The Biblical Archaeologist article, Why Study the Septuagint? written by Melvin K. H. Peters in 1986. Calvin J. Roetzel states in The World That Shaped the New Testament that the original Septuagint only contained the Pentateuch. The Pentateuch is the Greek version of the Torah, which consists of the first five books of the Bible. The text chronicles the Israelites from creation to the leave-taking of Moses. The specific books are Genesis, Exodus, Leviticus, Numbers and Deuteronomy. Later versions of the Septuagint included the other two sections of the Hebrew Bible, Prophets and Writings. Roetzel discusses a latter-day embellishment to the Septuagint legend, which today probably qualifies as a miracle: Not only did 72 scholars working independently make separate translations in 70 days, but these translations agreed in every detail. Featured Thursdays Term to Learn. The Septuagint is also known as: LXX. Example of Septuagint in a Sentence The Septuagint contains Greek idioms that express events differently from the way they were expressed in the Hebrew Old Testament. The term Septuagint is sometimes used to refer to any Greek translation of the Hebrew Bible. Books of the Septuagint GenesisExodusLeviticusNumbersDeuteronomyJoshuaJudgesRuthKings (Samuel) IKings (Samuel) IIKings IIIKings IVParalipomenon (Chronicles) IParalipomenon (Chronicles) IIEsdras IEsdras I (Ezra)NehemiahPsalms of DavidPrayer of ManassehProverbsEcclesiastesSong of SolomonJobWisdom of SolomonWisdom of the Son of SirachEstherJudithTobitHoseaAmosMicahJoelObadiahJonahNahumHabakkukZephaniahHaggaiZechariahMalachiIsaiahJeremiahBaruchLamentations of JeremiahEpistles of JeremiahEzekialDanielSong of the Three ChildrenSusannaBel and the DragonI MaccabeesII MaccabeesIII Maccabees
Saturday, February 15, 2020
Freedom of Information Act Question 1 - Essay Example The third benefit is ensuring order in the firms that the information is to be accessed. The firms will ensure that the information is kept according to stipulated standards (Mark, 2011). The risks associated with the freedom do information are as the following. First, there are cases of bureaucracy in the process of preparing the information in an effort to meet the requirements. The managers are forced to prepare the information so as to see the desires of the different users of the information that it causes time wastage. The second risk is the exposing of the institutionÃ¢â¬â¢s information that may be used by the competitors against the government. The users may also be exposed to manipulated information by the managers so as to influence their decisions. There is no platform that guarantees the quality of information provided by the firm. There might be cases where the firms provide the information that has not been scrutinized for relevance (Mark, 2011). For efficient functioning and administration of the act there is a need for few adjustments. The following are amongst the recommendations to make. First the one month limit of waiting for a response from the agency should be reduced to a maximum of twenty days so as to create efficiency within the system. A situation where more time is given those in charge always to relax that it causes higher costs to the firm which would have been reduced if a strict deadline if fixed (Freedom of Information Act guide & Privacy Act overview,1999). Another avenue is for the act to encourage the administrators of the different firms to make use of the social media platforms to post any relevant information. The social media has become one of the cheapest means of communicating among the different people in different parts of the world (Freedom of Information Act guide & Privacy Act