[Management Accounting] Discuss the strengths and weaknesses of Essay

[Management Accounting] Discuss the strengths and weaknesses of activity-based costing vs volume based costing system - Essay Example The system is also accurate because it identifies products and then assigns to them direct and indirect costs. This means that ABC identifies the cost of producing various products. This then enables companies to determine the products that are highly profitable and those that produce low returns (Kaplan, & Anderson, 2005). Organizations then decide to produce the profitable products in large quantities and the less profitable ones in low or no quantities. ABC system helps managers in forecasting demand for their products and predicting sales using the company’s capacity. The capacity of an organization refers to the ability of employees and machines to produce goods of a certain quantity. Organizations compare the products that employees and machines produce in a day and those that consumers purchase on the same period. If the company sells all the products that it produces, it discovers that its demand is higher than its capacity (Drury, 2012). If consumption is less than production, companies, are able to tell that the level of demand is below its capacity. Organizations then determine the amount of output to produce using the comparisons. ABC system is vital in identifying wasteful products and ensuring resources are used productively. According to Kaplan and Anderson (2005), activity-based costing system allows managers to eliminate costs spent on non-value adding activities. This provides greater visibility into business processes and operational cost drivers. Improving information visibility also enables cost managers to deploy quality-related initiatives by identifying and eliminating poor quality activities together and their cost drivers (Gilbert, 2007). This is beneficial to the company as it increases efficiency and profitability because firms concentrate on profitable activities and products. Setting an activity-based system is costly and time-consuming. Extra costs are caused by the need to hire the services of a consultant with

4 Points of Winning Essay Example for Free

4 Points of Winning Essay Let’s start with â€Å"First is prayer.†Nothing is as strong as correct prayer. This is faith of â€Å"no prayer will go unanswered.† This is the Mystic Law of â€Å"no strategy can match the strategy of the Lotus Sutra.† In any struggle, everything begins with prayer. And it is vital to always continue praying. We have to pray right through any difficulty we encounter. The Mystic Law is the fundamental principle of the universe. The prayers of a person who chants, practices and struggles for the Mystic Law, which is of such supreme importance, will be perfectly in synch with the fundamental rhythm of the universe. Accordingly, no prayer by such a person will go unanswered. The benevolent deities, the Buddhas and bodhisattvas will all extend their protection without fail. See more: Sleep Deprivation Problem Solution Speech Essay The important thing is prayer for kosen-rufu. In other words, it is prayer based on a vow for the protection and the powerful flourishing of the Soka Gakkai that is advancing kosen-rufu. It is prayer with the spirit â€Å"Buddhism is victory or defeat† to show actual proof of the greatness of the Mystic Law in our life. The prayers of a votary of the Lotus Sutra will be answered without fail. No matter what might happen, a person of powerful prayer will be able to change poison into medicine. Such a person has absolutely nothing to fear. Just how immense is the power of daimoku? It is the ultimate power to move the universe. The rhythm of daimoku resounds throughout the universe while activating the Buddha nature in our life. Those who sonorously chant daimoku change the life of one friend after another and cause their communities, society and the world to move toward peace and prosperity, while causing their own life force to abundantly well forth. What is the secret to causing an organization to develop? It is the determination of the central figure. It is to always live out one’s life together with the Soka Gakkai based on the spirit of mentor and disciple. Also, earnestness and action are very important. An organization in which the leaders pray and take action with all their might will thrive. By contrast, an organization whose central figure is arrogant toward those within and never ventures outside will not develop. We need to take the initiative in meeting with others. We need to build new friendships. We have to proudly tell people about the greatness of the Soka Gakkai and the wonder of mentor and disciple. It is this that will open a new age. When the central figure really fights hard and leads a fulfilling life each day, this vitality will be transmitted to others, and everyone will become happy. An organization ultimately depends on the central figure. I would like to reiterate this point. Of course, someone who understands being â€Å"earnest† to mean always wearing a fierce expression will only drive people away. While stoking a fighting spirit in our heart, when meeting friends we should put on a bright smile and offer warm encouragement. At any rate, faith is â€Å"action for becoming happy.† The life of Buddhism always exists within action. The second of the four principles for absolute victory is action. Without action, Buddhism could not exist. To what extent has one taken action for kosen-rufu? This is the true expression of one’s faith. It’s not a matter of organizational position or standing. It could be said that the strength or weakness of a person’s faith directly manifests in their actions. Those who take action for kosen-rufu are most noble. Leaders absolutely must never forget the importance of such individuals. I only believe in action. Rather, I cannot believe anything except action. Why is the world of Buddhism beautiful, profound and strong? It is because it contains the supreme unity of â€Å"many in body, one in mind.† Unity of â€Å"many in body, one in mind† is the third of the four principles for absolute victory. It could be said that such unity is truly the secret to achieving kosen-rufu. An organization possessing unity of â€Å"many in body, one in mind† is sure to develop. By contrast, an organization of â€Å"one in body, many in mind† or â€Å"many in body, many in mind† is sure to decline. The statement, â€Å"If the spirit of many in body but one in mind prevails among the people, they will achieve all their goals† (WND-1, 618), is a great principle that must never be forgotten. It is eternal guideline. It is certainly no exaggeration to say that our victory or defeat will depend entirely on whether we can construct an organization of with unity of â€Å"many in body, one in mind.† Kosen-rufu is a battle against devilish forces. Even a great castle will be taken by enemies if it has an area that is unguarded or that is weak. If there are people of â€Å"many in body, many in mind† within the castle, then devils will be able to cause disruptions in the castle that much more easily. In unity of â€Å"many in body, one in mind,† there is no such thing as one person being above or below another. It is not a matter of our being â€Å"one in body.† We’re â€Å"different in body.† While treasuring the individuality and unique characteristics of each person, we need to equally pool our energies with a spirit of â€Å"one in mind.† There is a vital point for strengthening unity of â€Å"many in body, one in mind.† Namely: activities whereby â€Å"persons inside the castle destroy the castle from within† cannot be allowed. We have to steadfastly battle people of â€Å"many in body, many in mind,† who are parasites in the lion’s bowels, and completely remove the roots of this devilish tendency. President Toda strictly decreed: â€Å"If a leader forgets kosen-rufu and tries to create a personal clique out of concern for personal fame and fortune, then the other leaders must unite in firmly driving away such a selfish and egoistic person.† This harmonious unity of the Soka Gakkai, which President Toda declared to be more important than his own life, must be protected for all eternity. I would like to assert that this is the pulse of kosen-rufu. What is the most essential thing for advancing in unity of â€Å"many in body, one in mind†? It is to live out one’s life in unity with the mentor. Oneness of mentor and disciple is the imperative that people who are â€Å"different in body† become â€Å"one in mind.† This is the fourth of the four principles for absolute victory. Unity of â€Å"many in body, one in mind† can only be solidified by each person forming a deep resolve to unite in spirit with the mentor and advance kosen-rufu. It is precisely in such unity that the beneficial power of the Mystic Law becomes clearly manifest. Oneness of mentor and disciple is foundation that determines our attainment of Buddhahood. The great path of perpetuating kosen-rufu lies precisely in advancing in unity with the mentor. That’s because without the pillar of mentor and disciple, we will be readily carried away by our emotions, and swept along by the conditions of the times. Without mentor and disciple, we would be easily defeated when confronted by devils. It is now 50 years since President Toda passed away. I am confident that as President Toda’s disciple I have been able to establish a model of the path of a disciple, the path of a successor, and the path of oneness that will shine free of any blemish for ten thousand years.

Cognitive View of Depressive Disorders

Cognitive View of Depressive Disorders Compare and contrast the psychoanalytic explanation with the cognitive view of depressive disorders. Freud debated that people whose requirements weren’t met during the uttered stage of psychosexual occurrence are exposed to emerging melancholy in maturity because this causes low self-respect and extreme reliance.Persons who are exceptionally reliant on another people are notably expected to arise recession after such a demise. Resentment at the death is vicarious onto the self, which influences self-respect and affects the person to re discover damage that appeared in nonage. Has frontage authority, Early harm does not constantly foretell dejection and the main flaw of Freud’s theory is the lacking firsthand support and so is neither provable nor falsifiable. As stated in this approach, gloominess is caused because of maladaptive education. The mores of operant conditioning have been realistic to clarify misery with the help of boosting and mistreatment. Lack of positive support or too much rough treatment leads towards depression. As stated by Lewinsohn (1974,) that sadness is because of decline in positive backup as a outcome of certain type of damage, e.g. redundancy, relationship breakdown. Moreover, once depressed, the person may get encouraging vibes such as kindness and devotion. In 1974 Hiroto run down three clusters of human members: such as wide open to a booming noise they couldn’t break; exposed to a rowdy noise they could stay by pressing a button; and was unable to hear a loud pitch. All candidates were then positioned in face of a rectangular pack with a knob on it and exposed to loud pitch. Unidentified to the candidates, the pitch could be switched off by affecting the grip from one side to another. The participants previously exposed to a loud pitch they couldn’t end showed experienced helplessness by failing to move the handle. Reductionist Environmentally deterministic Ignores nature Extrapolation Face validity Ecological validity Population validity Cognitive dysfunction in attribution way (attribution model of Abramson et al.’s ) and theory of self, the universe, and the expectations (Beck’s cognitive triad) have been interconnected to the growth of depression. Negative schemas develop at some stage in childhood as a result of serious interpersonal outcomes, and are started when the entity facing the same situations in upcoming life. Abramson, Seligman, and Teasdale (1978) established Seligman’s effort with the model, which visualizes how people react to failure. Abramson again with Metalsky, and Alloy (1989) presented the actual theory because they linked few significance to the focused attributions and more significance to the concept that depressed person present a general logic of hopelessness. Evans et al. (2005) also presented a prospective theory and found that females with the highest ranking for negative self-beliefs at the time of pregnancy were 60% more possible to become depressed consequently t han those at the bottom side. An upper number of stressful life events mainly precede depression. During the survey, Interviews of depressed women resulted that 61% of affected women had badly faced at least one very stressful event in her life as compared to 19% of a non-depressed normal women. Social and family support was recognized as an entity that protected from depression, only 10% of women having a close and true friend faced depression compared to 37% of the women without an warm and dear friend (Brown Harris, 1978). According to socio-cultural theorists the frequency of key depressive disorder is inclined strongly by demographic factors. Marital rank is one more important social and demographic factor. Blazer et al. (1994) noticed that individuals with divorce were high depressed than those who are married or had never been into any relation. Culture has an impact on the natural world of the symptoms experienced because people in non-Western countries state mostly physical symptoms (e.g. sleep, fatigue and disturbances), on the other hand self-blame and guilt are more common symptoms in Western countries. Throughout the whole discussion it can be observed that Freud’s’ ideas are very explicit in making a clear direction about the components to make up a human personality in different stages of life (Lanea). According to Sigmund Freud’s theory, there are two basic components of the conscious and unconscious mind. These parts contribute in identification of the self-personality by the human. Every personality has different states of mind as conscious and unconscious mind together makes interaction to develop human personality. His ideas also helped in revealing the elements dividing the human personality like id, ego and superego. The fundamental structure of human mind is actually the primary base of the human behaviors and personality in different life stages. Bibliography Lanea, Christopher. Philosophy of the unconscious: Vacillating on the scene of writing in Freuds project. Prose Studies: History, Theory, Criticism (1994): 98-129. Brown Harris, Vulnerability Factors, 1978. Blazer et al, Lifetime risk of Depression, 1994. Abramson, Metalsky, and Alloy, Hopelessness Depression, 1989. Why is the concept of disease not suitable when discussing personality disorder? Sigmund Freud is a prominent figure in psychology known as a creator of psychoanalysis i.e. analysis of the mind. He was the one who presented a complete set of theories and ideas about the personality and ultimately made composition of an interchange between the psychic structures and events within psychosexual stages of development (Gallinek). Despite his theories and ideas faced high level of criticism in terms of their circularity and gender specificity, a relative fact cannot be undermined that reflects his theories and ideas can be used to make identification of person’s personality in different life stages (Vivas). Both the Abraham Maslow and Dostoevsky have showed and given their perceptions and descriptions about concept of disease not suitable when discussing personality disorder and the needs of an individual in life and their priorities in their individual statements. However, Abraham Maslow’s idea looks more practical and realistic as the major population in the world first seeks for the necessity like food (Caldwell and Mou). It can be noted here that how the person is capable of doing anything in his life even searching for his identity or the purpose in his life, in the absence of the physical energy provided by him in the form of food. Some needs of the people hold priorities over others. The Maslows hierarchy of need place fundamental emphasis upon the need for the satisfaction of the hunger. Order of prioritization can be deemed as a basic element of the disagreement between two statements (Frankl). In order to understand how Freud’s theories and ideas are helpful for the identification of the personality in different life stages, it is necessary to understand the new way introduced by him in making analysis of the human behavior. According to him, metal energy is the basic source of devising a human behavior (Ahmed). These energies are produced by the libido, which is a part of Id and creates the energy through survival and sexual instincts. A worth noting point about his theories and ideas is that these revolves around the unconscious mind as according to him unconscious mind play a vital role in developing human behaviors and ultimately his personality (Harvard Womens Health Watch). On the other hand, when we consider the statement written by the novelist, Fyodor Dosteovsky, he gave the priority to self-actualization needs of an individual, which means search for the personal identity (Ndimunkum). His individual believes can be proved from the verses of Bible as the book gave the same idea in the place of different references representing that man does not survive only on the bread alone, but also all those things that are made available by the God for him (Coleman). The individuals accepting the teachings of Bible would be capable of reacting and sensing in the same way (Green). The another example supporting the statement of the Dostoevsky is the act of fasting that is experienced by the humans in their life, sacrificing their need of love for the sake of accomplishment of the purpose. Additionally there are number of individuals suffering from the different types of mental confusions and disorders, and in this situation, they do not give any importance to the food or diet simply because of the depression, anxiety and insecurity practiced by them (Frankl). However, both the statements can be implemented with respect to certain situations and even with the mutual integration. It can be depicted that though the priorities of the two psychologists are different, yet there are numerous activities that are used to satisfy the human needs can at the same time respond to both the priorities including food and hunger. Farming, planting and transportation activities on the one hand can provide the platform for earning money to get food for the satisfaction of hunger as well as also become an edge for the searching of the individual purpose to lead the live (Green). It is true that no man can survive without food and give reference to it over love and self-esteem, yet without a clear purpose and identification, individual would soon be bored with the life he is leading, even though he has enough food to eat. Conclusively, these needs cannot be studied in isolation as they have great significance on the quality of life of a man and upon the psychological satisfaction of him. Nothing is less important as each element in the life possess its individual place (Hessong and Weeks; Journal of human behavior) Bibliography Hessong, Robert F. and Thomas Harold Weeks. Introduction to education. Macmillan, 1987. Green, Christopher D. A Theory of Human Motivation. 2000. Classics in the History of Psychology. 20 July 2012 http://psychclassics.yorku.ca/Maslow/motivation.htm>. Frankl, Viktor. Mans Search for Meaning. Beacon Press,, 2006. Coleman, James Kaii. Living by Bread Alone: Mans Quest for the Good Life. iUniverse, 2008. Ndimunkum, Mike Tangunu. The Greatness of America. AuthorHouse, 2009. Harvard Womens Health Watch. Psychoanalysis: Theory and treatment. Harvard Womens Health Watch (2006): 4-5. Ahmed, Sofe. Sigmund Freud’s psychoanalytic theory Oedipus complex: A critical study with reference to D. H. Lawrence’s â€Å"Sons and Lovers†. Internal journal of English and literature (2012): 60-70. Frankl, Viktor. Mans Search for Meaning. Beacon Press,, 2006. Caldwell, Linda and Shela Mou. Integrating Social Science Ecosystem Management: A National Challenge. DIANE Publishing, 1997. Vivas, Eliseo. THE LEGACY OF SIGMUND FREUD. Kenyon Review (1989): 110-118. Gallinek, M.D. Alfred. The Life and Work of Sigmund Freud. (1964): 87-91. Explain the difference between positive and negative symptoms. How do these symptoms affect the functional outcomes and quality of life for individuals with schizophrenia? The conceptualization of stress and schizophrenia along with their impact on mental and physical health of patients has gained significant importance. It is obvious that the organisms are subjected to evolutionary pressures from the environment. The ability to respond to environmental threats along with stressors has enhanced survival along with the physiological responses. Alzheimer’s disease responses to stressful situations can be the part of adaptive responses because the risks inherent in the situation (Harrell). Therefore, the paper is discussing the conceptualization of stress and immunity regarding the stress and immunity on health of patients. These aspects are discussed in the context of the counseling while discussing the consequent impacts on normal functioning abilities of patients. There are different studies contributing to the conceptualizing of Alzheimer’s disease as situations that can be considered as stressful. The taxonomy can be adopted to characterize the stressors, which has the advantage of differentiating the stressors on important dimensions namely duration and course. It further includes five categories of stressors. Acute time limited stressors involve laboratory related challenges such as public speaking (Cervantes and Castro). The brief naturalistic stressors involve a person confronting a real life challenge for short term period. In stressful event sequences, a focal event causes the emergence of a related sequential events and challenges. It is found that affected people do not know when these challenges will subside but they are aware of the fact that the challenges will subside in future. It can be said that the situation in which a body perceives a threat, series of chemical and physical responses occur. The major response is the activation of the autonomic nervous system involving a part of the nervous system that is abnormally under control. The sympathetic branch of the autonomic nervous system regulates the stress response while the relaxation response is controlled by parasympathetic nervous system (Hwang and Ting). The body secretes catecholamines helping in preparation of the person to fight or turn from the threat and run. The release of such hormones triggers the fight or flight response in patients. The increase in the chronic stress can affect the human body negatively as it can increase the risk for developing heart disease, asthma, arthritis, hypertension, migraine, and ulcers (Cervantes and Castro). According to experts panel report of Experimental biology 2004, it is identified that mechanisms as well as pathways through which the hormonal response to situations of schizophrenia influence functions of person social responses. These changes represent to have effects on susceptibility, onset and exacerbation of different mental as well as health diseases such as atherosclerotic, depression, multiple sclerosis and others. It is observed that stress makes interface in between endocrine hormonal and the immune system active. However, if the perception of stress represents to lie for short-term basis hormonal alterations ultimately fade away (Eisenman, Bergner and Cohen). In reference to the cases when the stressful sensory input continues it initiates dysregulation of immune system, at the same time it tends to influence the production of distinctive soluble aspects that refers to have impacts on brain. Specifically these intense responses of clients preferably linked with enhanced vulnerability in order to create a clinically considerable depression in between chronic immune stimulation. There are number of stressful situations of patients that ultimately influence immune system of client such as divorce that preferably generate chronic stress. It is observe that stress immediately affects immune system as grabbling with swirl of different negatively influencing thoughts and emotions, as there is not a surprise if immune system of patient takes a abrupt nosedive. Disease generates profound impacts on biological functions of individual, it is due to the reason that central nervous system of human body is directly associated with brain, spinal cord as well as closely functions with endocrine system that is responsible for hormonal distribution. In the similar way, stress also enhances chances of heart disease, causes blood pressure, chest pain and other heart related problems. In conclusion, there are also some other stress related issues other than heart disease that most of the depression patients represent these involves asthma, obesity, anxiety, diabetes, gastrointestinal issues, accelerated aging and most obvious is premature death. While conducting analysis it is identified that the death rate it almost 63% of patients with persistent stress in comparison with normal (Berk). However, there are number of studies that denote that there are number of ways through which people can fight against stress such as deep breathing or reframing the situation can generate higher positive responses. In the similar way, stress also make patients crave for fats and carbohydrates that cause weight gain and rises risk of diabetes. Bibliography: Berk, Jay H. Trauma and resilience during war: A look at the children and humanitarian aid workers of Bosnia. Psychoanalytic Review 85.4 (1998): 639-65. David P,Eisenman and Sharone Bergner and Ilene Cohen. A model victim: idealizing trauma wounds causes traumatic stress in person rights workers. Person Rights 4 Review (2000): 106-114. Cervantes, Richard C. and Felipe G. Castro. Stress, Coping, and Mexican American Mental Health: A Systematic Review. Hispanic Journal of Behavioral Sciences 7.1 (2003): 1-73. Hwang, Wei-Chin and Julia Y. Ting. Disaggregating the effects of acculturation and acculturative stress on the mental health of Asian Americans. Cultural Diversity and Ethnic Minority Psychology 14.2 (2008): 147-154. Harrell, Shelly P. A Multidimensional Conceptualization of Racism-Related Stress: Implications for the Well-Being of People of Color. American Journal of Orthopsychiatry 70.1 (2000): 42–57.

Comparing Truth in The Education of Children, Paradise Lost and Hamlet

Nature of Truth in The Education of Children, Paradise Lost and Hamlet      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   To some, truth is something that is absolute and unchanging. To others, truth is volatile and inconstant. In the 16th and 17th century, the foundations of civilization itself had been shaken. Many of the ideas which were thought to be absolutely true had been plunged into the depths of uncertainty. The cosmological, geographical, and religious revolutions called into question the nature of truth itself. It is no wonder, then, that some of the great writers at the time included within their works a treatise on the ways in which truth is constructed. Because of the major ideological revolutions that shaped their world, Milton, Montaigne, and Shakespeare all used characters and theatrical devices to create their own ideas on the construction of truth.    As a result of Milton's failed political aspirations, he believes that individuals do not construct truth, or decide for themselves what the truth is; instead, individuals receive the truth directly or indirectly from God. Conversely, deception comes from Satan. In Paradise Lost, Milton sets up this idea by forcing good to result only from obedience to God's will and evil to result whenever God is disobeyed. Dr. Evans' argument that Milton's ultimate point in all this is to express a moral position that is very extreme, that no quality or action can be innately good or evil, is firmly rooted in this model. What determines the morality of anything we do is in whose service we do it. Since Raphael was sent from God, his warning is true and divine. Since Satan disobeyed God, his ideas are all false lies. Part of Milton's ideology may have come from his own life experiences. After the restorat... ...FCS, 2000.    Brentano, Franz, The Origin of our Knowledge of Right and Wrong, trans. Cecil Hague (London: Constable, 1902).    Fish, Stanley Eugene. Surprised by Sin: The Reader in Paradise Lost. New York: St. Martin's Press, 1967.    Milton, John. Paradise Lost. Ed. Roy Flannagan. New York: Macmillan, 1993.    Patrides, C.A. Milton and The Christian Tradition. (Oxford: Clarendon Press, 1966)    Montaigne, Michel de. The Complete Essays of Montaigne. Trans. DonaldM. Frame. Stanford: Stanford UP, 1958.    Moore, G. E., Review of The Origin of our Knowledge of Right and Wrong by Fritz Brentano, International Journal of Ethics, vol. 14 (1903), pp. 123-8. -----, 'Nature of Truth', Mind, vol. 16 ns, no. 62 (April 1907), pp. 229-35.    Shakespeare, William. Hamlet. 1600? Ed. Sylvan Barnet. New York: Signet Classic, 1998.

Benefits of Globalization: Cemex Essay

1. What benefits have CEMEX and the other global competitors in cement derived from globalization? More broadly, how can cross-border activities add value in an industry as apparently localized as cement? (Question for Analysis) The oligopolistic nature of the cement business dictates the limited notion of business strategy, however CEMEX, one of very few cement producers found that through globalization, a variety of benefits can be obtained and utilized to their own. Expanding to the global market was a vision in which Zombrano (CEMEX former CEO) capitalized and was able to add value into the industry in a variety of different practices. CEMEX aggressively took the risk to expand their global exploits from the means of economic speculation during the 1980s-2000 period. Through globalization they were able to build an impressive portfolio and further benefit from each acquisition. More importantly as a homogenous product in cement, the building market during the 1980s and 90s was relevant and needed in developing countries with considerable growth opportunities. This is highlighted in their endeavors with the takeover of Valanciana and Sanson in Spain (1992). Spain, a part of the MEU (Monetary European Unio n) highlighted investment potential as currency rates along with risk premium were considerably low. The lower cost of capital in the merges posed further potential for funding elsewhere at affordable rates. Investments in any Country apart of the MEU could have been beneficial, however, CEMEX strategically pursued developing countries with potential for economic growth. A core benefit of their globalization practices indulged with reducing costs and increase plant efficiency to a much greater extent. Inducing their very own Mexican based best practice into the Spanish operation CEMEX recorded annual savings/benefits of $120million and increase in operating margins from 7% to 24%. Interestingly enough, their benefits didn’t reside only in increased revenue or market domination, but further constantly developed their repertoire by absorbing the comparative advantages in the different economies and markets. By tapping into the building industry in Spain, they discovered incredible efficiency in the energy program through the use of petroleum coke as the main fuel source. By 199 4, a vast majority of CEMEX plants changed to petroleum coke in the own energy program. CEMEX was able to recognize  globalization benefits in 1989 as Lorenzo decided hit the big market in US by exporting their products. Driven by profitability potentials, CEMEX originally dumped their cement products in the US market to win out their competitors however their products were issued a trade barrier formalized in countervailing duties of up to 51%. (Harvard excerpt). The next strategic move was to directly invest in the US market through FDI. CEMEX focused on avoiding traffic barriers and hefty transport costs thus acquired plants and facilities in Texas through FDI. This was the start to their cross border activities. The NAFTA (NORTH AMERICAN FREE TRADE AGREEMENT) reduced tariff costs and furthermore by placing plants ideally close to the demand of the market, they are also able save delivery time. By cutting export time customer satisfaction is increased, as a result, wherever CEMEX decides to operate, their robust company name and reputation becomes a valuable asset in building plants in ideal locations (next to limestone fields). As a result, through FDIs, subsidies, Mergers and Acquisitions, CEMEX were able to benefit from reduced tariffs when it came to exporting their products, and furthermore eliminated hefty transport costs. The elimination of trade barriers and transport costs would be carried out into all firms that CEMEX acquires. CEMEX’s globalization campaign highlights robust financial benefits and hubris within their management system. Through constant foreign investment, they needed to build a modest management system which could be self-developed and applied in all of CEMEX’s facilitations. CEMEX designed a core management system to implement in their new acquisition of firms. They implied the PMI (Project Management International) â€Å"CEMEX Way† which considered being a form of internal benchmarking, setting a core business practices which would be conducted throughout the locations CEMEX did business. By centralizing their management system, firm stations were able to discover talent across the borders and hired some of the most highly skilled and efficient professionals. CEMEX had a separate PMI team congested of highly trained managers specifically to train newly acquired firm managers. Managers, employees were granted a voice of opinion. Hierarchy issues diminished and all ideas were considered valuable. Employee efficiency, coherence, accessibility, collaboration, were the key behaviors of the PMI process. This created cohesion, decisions were sound, quicker and easier. CEMEX was also always open to develop their PMI process as they  would develop new technologies or advantages throughout merges with other firms. Cement as a homogenous product posed limits in enhancing performance however CEMEX clearly constitutes the principle of learning and continuous benefits through the punctuated PMI process in CEMEX Way.

Anniston and PCBs essays

Anniston and PCB's essays In Anniston, Alabama two small neighborhoods known as Sweet Valley and Cobb Town have become ghost towns after years of contamination of PCB by the local Monsanto plant. PCB, short for polychlorinated biphenyls, are tox-ins that are known to cause cancer in humans. In 1966, the Monsanto company hired a private scientist to undergo tests in the local waterways of Anniston. Af-ter releasing bluegill into the water, fish violently reacted to the toxins as blood gushed from their gills. Monsanto terminated their use of PCB toxins five years later. They did not report their findings nor potential health hazards of the toxins that their own experts had proved. In 1979, the toxin PCB was banned by the United States government. Many young and old people hard working people of this community have lost their homes, life and dreams. These small towns, that were known as working class neighborhoods now look like ghost towns with Danger signs and fences to confirm it. In 1971, a young man died due to complications from a brain tu-mor, lung cancer and hardening of the arteries. I can not conceive that this was thought of as a natural death. Most folks in Anniston, Alabama didn't give a second thought to why the water often ran red or purple. Their children played in this creek and the waterways it fed. They ate fish from them. Their livestock drank from them. Like the residents of many small towns who are dependent on a single local industry, the people of Anniston were not eager to bite the hand that fed them. With much courage 3,500 members of the infected community have won their fight in court. Monsanto was found liable for the negligence of their acts. The company may very well be paying tens of millions of dollars to their victims, but it is only fair considering the fact that the company grossed over eight million in profit during the use of the PCB. I could not imagine being a prisone...

Midland Social Security Disability Lawyers Attorneys

Midland Social Security Disability Lawyers Attorneys Midland Social Security Disability Lawyers Attorneys Midland Social Security Disability AttorneysOur law firm  features a team of experienced disability attorneys and highly skilled and knowledgeable case managers and legal assistants.We focus all of this talent and resources on one thing – helping people like you throughout the Midland area to pursue the federal disability benefits they are due.We know every little detail about the claims process, and we also know the big impact that benefits can have on our clients’ lives. We truly care about their future and work hard for them. We are proud to say that many clients come to us because they heard about us from those we served in the past.We Are Passionate About What We DoPeople often come to our office in Warren during their darkest hours. They are suffering from a physical or mental impairment that prevents them from being able to work, earn money and pay bills. They are concerned about their family and their future. Our goal is to lighten their burdens.It starts by p roviding a free case review. We take a close look at our clients’ medical, work and/or military records, explain the disability benefits options available to them and describe what seeking those benefits will involve. We also take the time to answer all of their questions and address all of their concerns.We then get to work right away on preparing an accurate and complete application for them. We go the extra mile to ensure the application includes the information that claims reviewers will need to make a decision on their claim.If a person comes to us because his or her claim was denied, we work hard to appeal the decision, including representing them at administrative hearings and, if necessary, filing a lawsuit on their behalf in federal court. Throughout the process, we keep close track of the claim’s progress and make sure our clients are kept updated.We also go beyond providing legal representation. We help our clients to find medical care, affordable housing an d assistance for other legal matters. We are truly passionate about making a meaningful difference in their lives.We charge nothing for our legal services unless and until we recover benefits for our clients. Because the SSA regulates attorney fees, it usually costs about the same no matter which firm you choose. Why not pick a firm that focuses solely on disability benefits and has the skills, experience, resources and dedication that you need to help you get through a difficult time?Read Our Client Testimonials:â€Å"Great team of lawyers and office support! Thank you, Patricia, Nancy, and Lacey for all of your help and guidance and thanks to my attorney Adam Banton for calming me at the hearing and getting me prepared. A special thanks to attorney Samantha Ball for talking to me and showing me empathy and assuring me everything was going to be ok and your words of encouragement.† – Tom P. â€Å"I was approved for disability on my first try. The team was extremely p olite, courteous, caring and very patient while explaining things to me If you have a question and call them, chances are you speak with someone right then If not, they take a message and the call is returned the same day I would highly recommend this company!† – Rhonda D. Midland is a city in the Tri-Cities region of Central Michigan  with a population of about 41,863. Midland was established as a fur trading post of the American Fur Company supervised by the post at Saginaw. Here agents purchased furs from Ojibwe trappers. The Campau family of Detroit operated an independent trading post at this location in the late 1820s.Midland County  Legal Resources:Midland County Courthouse   Get helpful information regarding the Midland County Courthouse such as location, closings, and trial court administrations.Social Security Office   Get helpful information regarding the Social Security Office such as locations, hours, and other helpful information.MidMichigan Medic al Center Midland Get information on comprehensive medical care and helpful links and resources.Practice AreasSocial Security DisabilityVeterans Disability WATCH OURLATEST VIDEOS WHAT DO OURCLIENTS SAY? FREQUENTLY ASKEDQUESTIONS Excellent place with friendly people who are always there to answer any questions you have and they get the job done! - Danette NormanDISABILITY BENEFITS DENIED? QUESTIONS?TALK WITH US FOR FREE.

The Importance of Democratic Elections essays

The Importance of Democratic Elections essays The validity of democratic elections in a country depends, to a great deal, on the awareness of common man. The more information available to the common man, the more he (she) tends to become a voter and play his (hers) role that is vital to the electoral process. Identifying the source(s) that provides this information to a prospective voter is, therefore, extremely important. There are two main candidates for this source of information: interpersonal communication and mass communication. In this research, we will use the 2002 national elections held in Pakistan as a use case. Our goal is to identify the sources of information that played a major role in pushing prospective voters to vote on the election day. In particular, we would like to conclude what roles interpersonal, and mass communication played. More specifically, we would attempt to analyze the roles played by the mass media: television, radio, and newspapers. The individual roles played by these different forms of media might affect different classes of voters. It is important to find out which one of these forms of media played the most significant role in helping voters form their opinions. It is also extremely important to find out how these sources affect a voter's decision. Incorrect or misinterpreted representation of information by mass media can result in a major class of voters being misled into making a decision that affects the whole nation. Our goal would be to find out how, in the 2002 national elections in Pakistan, the different presentations of the same information by different forms of media affected voter's decisions differently. To summarize, we would use the 2002 national elections held in Pakistan to answer some very important questions about the influence of media on the electoral process. Our first goal is to compare the effects of different information sources-interpersonal and mass communication-on the knowledge gained by prospective ...

Toward An Intelligence beyond Mans Essay Example | Topics and Well Written Essays - 500 words

Toward An Intelligence beyond Mans - Essay Example As these form of computers are evolving, many of them will actually mimic humans in doing some roles better than them to an extent of blurring the difference between humans and computers. Generally, these computers will be regarded as artificially intelligent creations that will have the capability of absorbing large quantities of information, store and process them, at a faster speed compared to the slow human brains. The only thing which with the time that can be incorporated in such computers to totally give it an upper hand on humans, is when they shall be incorporated with human feelings. Computers will hence become faster and better, â€Å"Computers match people in some roles, and when decisions fast are needed in a crisis, they often outclass them†. Computers will hence be part of our evolutionary process. Ever since 100,000 years ago, the human brain has not changed that much in terms of its capacity of holding information. The human brain cannot accommodate large chun ks of information at once. Computers, on the other hand, provide humans with a chance to store large quantities of information and skip an evolutionary process of developing super accommodative brains. With time, human beings will form a symbiotic relationship with computers. Human beings will be expected to give them electricity and reproduce them while in return they can offer their economic and social needs, â€Å"Child of man’s brain rather than his loins, it will become his salvation in a world of crushing complexity†.

BP Case Alaysis Article Example | Topics and Well Written Essays - 500 words

BP Case Alaysis - Article Example It is through the development of such strategies that the company was able to gather double the information it used to from the system, while reducing the IT cost budget by a third. The leadership is well structured so that each leader has a role to play, different from the other, an aspect that helps to eliminate the conflict of interests and create effectiveness efficiency in the way the system operates. Worth noting is the fact that BP has delegated some of its role to service providers, to enhance its smooth operations. For example, the HR issues are addressed by Exult. The change of the leadership hierarchy from eight levels separating the top management less hierarchical one, allowing the business units to operate independently, is a big leadership achievement. This has seen the company integrate with other four companies through merger and acquisition. Decision-making is done through peer groups that have shared core values. The company values socialization and consensus in re aching its decisions. Regarding the technology environment, to this company, technology is the basis for everything. It has been applied to create business innovations, improve the undertaking of operations, and act as a tool for use to gain competitive advantage (Margaret, 1999) .The Company though faced with challenges of educating its employees on technology use and applications, has integrated this as one of the major objective the management must address. This is due to the important role that technology plays in the operation of the company. This saw it create a web page for learning, with self-service courses by 2001 (Margaret, 1999).The speed of adopting and utilizing new technology is thus one of the company’s strategies. The interaction of the company with its environment is one that is worth emulating. As relating to the organizational environment, the company interacts with the wider global community through the internet. The company has taken the

Madison and Brutus Essay Example | Topics and Well Written Essays - 1000 words

Madison and Brutus - Essay Example On that aspect, this discussion will cover the different ways in which the ideologies of Madison in the federal papers helped shape America in its historical development and the influence it had on American politics. In addition, the essay analyzes the significance of basic rights of the citizens and how it helps in advancing the interests of the country as proposed by Brutus in the anti-federal papers. Similarly, the controlling of factions with intentions of exploiting the interests of the economy as articulated by Madison is also of interests in this discussion. There are different ways in which Madison and Brutus can assess groups in the context of the historical development and impact on American Politics. For instance, according to Madison in Federalist No. 10 he believed that certain factions or interests groups should not be allowed to take over the affairs of country at the expense of ordinary citizens or the entire community (Madison and et al 93). According to Madison, a f action is composed of a number of citizens who can include majority or minority and are joined by a common interest that is likely to endanger the welfare of the community. In addition, Madison’s Federalist No. ... 10 that the governance by the majority faction in a republic is a violation of the American Constitution and mockery of the American revolution in that it does cater for the interests of the citizens but that of its own. In addition, the Federal paper No. 51 further calls for transparency and accountability among leaders in the emerging American republic to shield common citizens from exploitation of the power elite (Madison 103). On that aspect, Madison was against the creation of individual states as this would interfere with the principles of constitution of making American republic. Alternatively, Madison had a number of suggestions on how to overcome the challenges of factions especially in the defense of vulnerable citizens. For instance, he suggested that eliminating the causes of factions and the control of its effects was the first strategy of alleviating its negative effects. On that perspective, he also came up with two strategies of eradicating the causes of factions for the benefit of the American interests (Madison and et al 72). These included taking away the liberty of citizens something Anti-Federalists such as Brutus felt against. Another measure was to grant every American citizen a chance to speak his opinions, passions and express his interests. Therefore, this would prevent factions from taking advantage of ordinary citizens and thus transform the perception of American politics. On the other hand, when it comes to Anti-Federalist No. 3 that was championed by Brutus and others, they had opposing perspectives with the Federalists. For example, Brutus Anti-Federalist papers were against the denying of citizens liberty in order to contain the factions as suggested by Madison in his Federalist papers No. 10 and 50. On that account, Brutus was of

Substance abuse in Veterans Research Paper Example | Topics and Well Written Essays - 750 words

Substance abuse in Veterans - Research Paper Example These drugs provide relief for a short lifespan. However, this can in turn bring a heavy aftermath after the lapse. Its effects include nightmares, addiction, anxiety, flashbacks, suicide, overdose, sleeplessness, depression, aggressiveness, loneliness and even in the worst scenario; death (Lewis, Dana & Blevins, 2011) Stress forms a greater influence than any other cause and it greatly hinders a person’s mentality. The soldiers especially those from Iraq and Afghanistan, tend to overuse opioids a lot as a way of relieving stress. Most of them don’t use it because of physical injury, but because they want to erase the painful memories of their lost ones in the army. Hence, they misuse these drugs to relieve dark memories. Some veterans also use excessive hard drugs as a supplement of the opiates in case they don’t manage to get one. One of the majorly abused illegal drugs was heroin. This was because of fear from war tensions .Heroin abuse was largely used by Vietnam veterans. Battles needed courage and bravery; and that is why a huge number of soldiers used these drugs to boost their confidence. Injured soldiers especially those with severe cases were prescribed powerful painkillers which provided pleasure in return. The most prescribed painkillers included hydrocodone, oxycodone and meperidine. These drugs were commonly abused by being injected or sniffed in the blood system by the patients. These painkillers provided a similar feeling like the heroin. Excessive opioids brought about addiction which made most of them captive. The patients later turned to the abuse of painkillers which served as alternative opioids, having been controlled by the Department of Veteran Affairs. Opioids also caused anxiety and sleeplessness. Flashbacks were also recorded by the veterans causing them to scream or cry when sleeping. The patients sometimes took huge amounts of the painkillers whether prescribed or not, and

How effective was the persecution of the Christians for the Romans Essay

How effective was the persecution of the Christians for the Romans - Essay Example Christianity was not begun within the social spheres of the more prominent people of the time period. The beliefs were spread through the impoverished, the lesser citizenry of Rome, and through connecting to the needs of those who were suffering. Therefore, those who believed became a threat to those who were satisfied with the state of society. One of the ways in which to eradicate the belief, or so thought those of prominence within the Roman Empire, was to martyr believers. The problem with creating a martyr is that a rallying point is created. Thus, the martyrdom of Christians within the Roman Empire became an act that helped to promote the beliefs, rather than a way to eradicate them. Because of the persecution of the Christians by the Romans, the religion found power within the martyrdom of its people, thus giving it needed sympathy which allowed for the beliefs to be spread further. The Christians of the first centuries were the anti-establishment group that came up against a goliath of a political system that was defined by its ties to the ritualized worship of the Roman people to the pagan gods. Christians refused to participate, putting their own beliefs above Rome, thus becoming enemies of the state. An example of the persecution of Christians can be found through the experiences of Vibia Perpetua through the firsthand account of Tertullian. Through understanding the sympathy that is created through the terrible events of the persecution, the psychology of martyrdom can help to explain part of the way in which the plight of these early Christians helped to further the expansion of the religion. Christians: The Hippies of Rome Despite the desire to eradicate the Christians, this was not an action that originated because of an objection to that belief. Nero used the Christians as a scapegoat in order to find a plausible criminal element behind the fire in Rome, although Tacitus wrote that Nero had ordered the fire (Cairnes, 1996, p. 27). Tacitus (109 A .C.E.) stated that â€Å"Therefore to stop the rumor, he falsely charged with guilt, and punished with the most fearful tortures, the persons commonly called Christians† (p, 286). Christians were used, according to the belief of Tacitus, which suggests was the common belief of the time period, as a scapegoat in order to alleviate political pressures. The first emperor of Rome to begin widespread persecution of Christians was Domitian (81AD to 95AD), the last emperor of the Flavian Dynasty. Belief was not an issue with the Romans, but the refusal to honor the emperor through sacrifice and to confer to him proclaimed divinity provided a fuel with which to separate the empire from the Christian sect and to begin retribution for this insult (Peters, 2005, p. 246). However, the close association with the Jewish community in Rome did not help the Christian cause. The Jewish community, during Domitian’s time, had refused to pay a tax that was to support the Capitolinus Jupite r. The Christians were the easier target to punish, although why it was effective as punitive to the Jewish community is unclear. One of the most potent uses of the Christian ‘plague’ in Rome was to focus on their participation in the economic difficulties of the age. One of the examples that can be appreciated is that the lucrative idol making business was harmed by the lack of

Personal statment to get accepted into LIU. topic can be on anything Statement

Statment to get accepted into LIU. topic can be on anything perferabbly about their nursing program - Personal Statement Example As a nurse I believe I will be able to work with and help people from different walks of life. Having done a thorough research, now I am convinced that LIU is the place to fulfil my academic aspirations from. LIU’s mission of opening world gates for men and women from all the different ethnic, social and economic backgrounds wishing to render themselves to the service of humanity particularly captures my interest. The goal of awakening, enlightening and expanding the mental faculties of its graduates says just everything. The institutionalization and appreciation of diversity as a strength just matches my personal value of interacting with different world cultures. I personally have always wished to be part of an educational system that permits intellectual freedom, independent scholarship and application of knowledge to the service of community. I will be honoured greatly to be selected as a student in the LIU nursing program. My interest in nursing is largely the result of a passion for serving in the medical field and be in a career that allows me to positively change lives. I am very passionate about helping others, it is most fulfilling & valuable thing for me and I believe as a nurse I will be better placed to do what I like every day. LIU’s nursing program aims at preparing graduates who will combine science, compassion and care to serve. The college’s goal of churning out graduate nurses who are competent, effective in leading change through compassionate care, management and nurse education responds to the requirements of the changing role played by nurses in the entire medical continuum. By studying for my nursing program at the university therefore, I will come our as an effective leader, well prepared and ready for the challenges of today’s society. Apart from academics, I am one very outgoing individual who actively takes part in games & sports, club activities and academic forums. I

Substance abuse in Veterans Research Paper Example | Topics and Well Written Essays - 750 words

Substance abuse in Veterans - Research Paper Example These drugs provide relief for a short lifespan. However, this can in turn bring a heavy aftermath after the lapse. Its effects include nightmares, addiction, anxiety, flashbacks, suicide, overdose, sleeplessness, depression, aggressiveness, loneliness and even in the worst scenario; death (Lewis, Dana & Blevins, 2011) Stress forms a greater influence than any other cause and it greatly hinders a person’s mentality. The soldiers especially those from Iraq and Afghanistan, tend to overuse opioids a lot as a way of relieving stress. Most of them don’t use it because of physical injury, but because they want to erase the painful memories of their lost ones in the army. Hence, they misuse these drugs to relieve dark memories. Some veterans also use excessive hard drugs as a supplement of the opiates in case they don’t manage to get one. One of the majorly abused illegal drugs was heroin. This was because of fear from war tensions .Heroin abuse was largely used by Vietnam veterans. Battles needed courage and bravery; and that is why a huge number of soldiers used these drugs to boost their confidence. Injured soldiers especially those with severe cases were prescribed powerful painkillers which provided pleasure in return. The most prescribed painkillers included hydrocodone, oxycodone and meperidine. These drugs were commonly abused by being injected or sniffed in the blood system by the patients. These painkillers provided a similar feeling like the heroin. Excessive opioids brought about addiction which made most of them captive. The patients later turned to the abuse of painkillers which served as alternative opioids, having been controlled by the Department of Veteran Affairs. Opioids also caused anxiety and sleeplessness. Flashbacks were also recorded by the veterans causing them to scream or cry when sleeping. The patients sometimes took huge amounts of the painkillers whether prescribed or not, and

Personal statment to get accepted into LIU. topic can be on anything Statement

Statment to get accepted into LIU. topic can be on anything perferabbly about their nursing program - Personal Statement Example As a nurse I believe I will be able to work with and help people from different walks of life. Having done a thorough research, now I am convinced that LIU is the place to fulfil my academic aspirations from. LIU’s mission of opening world gates for men and women from all the different ethnic, social and economic backgrounds wishing to render themselves to the service of humanity particularly captures my interest. The goal of awakening, enlightening and expanding the mental faculties of its graduates says just everything. The institutionalization and appreciation of diversity as a strength just matches my personal value of interacting with different world cultures. I personally have always wished to be part of an educational system that permits intellectual freedom, independent scholarship and application of knowledge to the service of community. I will be honoured greatly to be selected as a student in the LIU nursing program. My interest in nursing is largely the result of a passion for serving in the medical field and be in a career that allows me to positively change lives. I am very passionate about helping others, it is most fulfilling & valuable thing for me and I believe as a nurse I will be better placed to do what I like every day. LIU’s nursing program aims at preparing graduates who will combine science, compassion and care to serve. The college’s goal of churning out graduate nurses who are competent, effective in leading change through compassionate care, management and nurse education responds to the requirements of the changing role played by nurses in the entire medical continuum. By studying for my nursing program at the university therefore, I will come our as an effective leader, well prepared and ready for the challenges of today’s society. Apart from academics, I am one very outgoing individual who actively takes part in games & sports, club activities and academic forums. I

International Journal of Accounting and Financial Essay Example for Free

International Journal of Accounting and Financial Essay ABSTRACT The role of Indian mutual fund industry as significant financial service in financial market has really been noteworthy. In fact, the mutual fund industry has emerged as an important segment of financial market of India, especially in channelizing the savings of millions of individuals into the investment in equity and debt instruments. Mutual funds are seemingly the easiest and the least stressful way to invest in the stock market. Quiet a large amount of money has been invested in mutual funds during the past few years. Any investor would like to invest in a reputed Mutual Fund organization. Mutual funds are financial intermediaries concerned with mobilizing savings of those who have surplus and the canalization of these savings in those avenues where there is a demand for funds. These intermediaries employ their resources in such a manner as to provide combined benefits of low risk, steady return, high liquidity and capital appreciation through diversification and expert management. Reforms in the  Indian economic system and the opening up of the economy have been the reasons for the tremendous growth in the Indian capital market. This study analyzes the impact of different demographic variables on the attitude of investors towards mutual funds. Apart from this, it also focuses on the benefits delivered by mutual funds to investors. To this end, 200 respondents of Solapur City, having different demographic profiles were surveyed. The study reveals that the majority of investors have still not formed any attitude towards mutual fund investments. KEYWORDS: Mutual Fund, Investors, Solapur City INTRODUCTION Mutual fund is a pool of money collected from investors and is invested according to certain investment options. A mutual fund is a trust that pools the saving of a no. of investors who share a common financial goal. A mutual fund is created when investors put their money together. It is, therefore, a pool of investor’s fund. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion to the no. of units owned by them. The most important characteristics of a fund are that the contributors and the beneficiaries of the fund are the same class of people namely the investors. The term mutual fund means the investors contribute to the pool and also benefit from the pool. The pool of funds held mutually by investors is the mutual fund. A mutual fund business is to invest the funds thus collected according to the wishes of the investors who created the pool. Usually the investor’s appoint professional investment managers create a product and offer it for investment to the investors. This project represents a share in the pool and pre status investment  Pritam P. Kothari Shivganga C. Mindargi  objectives. Thus, a mutual fund is the most suitable investment for a common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at relatively low cost. EVOLUTION OF INDIAN MUTUAL FUND INDUSTRY The formation of Unit Trust of India marked the evolution of the Indian mutual fund industry in the year 1963. The primary objective at that time was to attract the small investors and it was made possible through the collective efforts of the Government of India and the Reserve Bank of India. The history of mutual fund industry in India can be better understood divided into following phases: Establishment and Growth of Unit Trust of India 1964-87 Unit Trust of India enjoyed complete monopoly when it was established in the year 1963 by an act of Parliament. UTI was set up by the Reserve Bank of India and it continued to operate under the regulatory control of the RBI until the two were de-linked in 1978 and the entire control was transferred in the hands of Industrial Development Bank of India (IDBI). UTI launched its first scheme in 1964, named as Unit Scheme 1964 (US-64), which attracted the largest number of investors in any single investment scheme over the years. UTI launched more innovative schemes in 1970s and 80s to suit the needs of different investors. It launched ULIP in 1971, six more schemes between 1981-84, Childrens Gift Growth Fund and India Fund (Indias first offshore fund) in 1986, Mastershare (Inidas first equity diversified scheme) in 1987 and Monthly Income Schemes (offering assured returns) during 1990s. By the end of 1987, UTIs assets under management grew ten times to Rs 6700 crores. Entry of Public Sector Funds 1987-1993 The Indian mutual fund industry witnessed a number of public sector players entering the market in the year 1987. In November 1987, SBI Mutual Fund from the State Bank of India became the first non-UTI mutual fund in India. SBI Mutual Fund was later followed by Canbank Mutual Fund, LIC Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund, GIC Mutual Fund and PNB Mutual Fund. By 1993, the assets under management of the industry increased seven times to Rs. 47,004 crores. However, UTI remained to be the leader with about 80% market share. 1992-93 UTI Public Sector Total Amount Mobilised 11,057 1,964 13,021 Assets Under Management 38,247 8,757 47,004 Mobilisation as % of Gross Domestic Savings 5.20% 0.90% 6.10% Emergence of Private Secor Funds 1993-96 The permission given to private sector funds including foreign fund management companies (most of them entering through joint ventures with Indian promoters) to enter the mutal fund industry in 1993, provided a wide range of choice to investors and more competition in the industry. Private funds introduced innovative products, investment techniques and investor-servicing technology. By 1994-95, about 11 private sector funds had launched their schemes. Growth and SEBI Regulation 1996-2004 The mutual fund industry witnessed robust growth and stricter regulation from the SEBI after the year 1996. The mobilization of funds and the number of players operating in the industry reached new heights as investors started showing more interest in mutual funds. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Investors interests were safeguarded by SEBI and the Government offered tax benefits to the investors in order to encourage them. SEBI (Mutual Funds) Regulations, 1996 was introduced by SEBI that set uniform standards for all mutual funds in India. The Union Budget in 1999 exempted all dividend incomes in the hands of investors from income tax. Various Investor Awareness Programmes were launched during this phase, both by SEBI and AMFI, with an objective to educate investors and make them informed about the mutual fund industry. Growth and Consolidation 2004 Onwards The industry has also witnessed several mergers and acquisitions recently, examples of which are acquisition of schemes of Alliance Mutual Fund by Birla Sun Life, Sun FC Mutual Fund and PNB Mutual Fund by Principal Mutual Fund. Simultaneously, more international mutual fund players have entered India like Fidelity, Franklin Templeton Mutual Fund etc. There were 29 funds as at the end of March 2006. This is a continuing phase of growth of the industry through consolidation and entry of new international and private sector players. Indian mutual fund industry reached Rs 1,50,537 crore by March 2004. It is estimated that by 2010 March-end, the total assets of all scheduled commercial banks should be Rs 40,90,000 crore. The annual composite rate of growth is expected 13.4% during the rest of the decade. In the last 5 years there is an annual growth rate of 9%. According to the current growth rate, by year 2010, Mutual fund  India assets will be double FEATURES THOSE INVESTORS LIKE IN MUTUAL FUND If mutual funds are emerging as the favorite investment vehicle it is because of the many advantages. They have over other forms and avenues of investing parties for the investors who has limited resources available in terms of Capital and ability to carry out detailed reserves and market monitoring. These are the major advantages offered by mutual fund to all investors: Professional Management Mutual Funds provide the services of experienced and skilled professionals, backed by a dedicated investment research team that analyses the performance and prospects of companies and selects suitable investments to achieve the objectives of the scheme. Diversification Mutual Funds invest in a number of companies across a broad cross-section of industries and sectors. This diversification reduces the risk because seldom do all stocks decline at the same time and in the same proportion. You achieve this diversification through a Mutual Fund with far less money than you can do on your own. Convenient Administration Investing in a Mutual Fund reduces paperwork and helps you avoid many problems such as bad deliveries, delayed payments and follow up with brokers and companies. Mutual Funds save your time and make investing easy and convenient. Return Potential Over a medium to long-term, Mutual Funds have the potential to provide a higher return as they invest in a diversified basket of selected securities. Pritam P. Kothari Shivganga C. Mindargi Low Costs Mutual Funds are a relatively less expensive way to invest compared to directly investing in the capital markets because the benefits of scale in brokerage, custodial and other fees translate into lower costs for investors Liquidity In open-end schemes, the investor gets the money back promptly at net asset value related prices from the Mutual Fund. In closed-end schemes, the units can be sold on a stock exchange at the prevailing market price or the investor can avail of the facility of direct repurchase at NAV related prices by the Mutual Fund Transparency You get regular information on the value of your investment in addition to disclosure on the specific investments made by your scheme, the proportion invested in each class of assets and the fund managers investment strategy and outlook Flexibility Through features such as regular investment plans, regular withdrawal plans and dividend reinvestment plans, you can systematically invest or withdraw funds according to your needs and convenience Affordability Investors individually may lack sufficient funds to invest in high-grade stocks. A mutual fund because of its large corpus allows even a small investor to take the benefit of its investment strategy. Well Regulated All Mutual Funds are registered with SEBI and they function within the provisions of strict regulations designed to protect the interests of investors. The operations of Mutual Funds are regularly monitored by SEBI. DISADVANTAGES OF MUTUAL FUNDS Above I have mentioned the various advantages of Mutual Funds but it also suffers from a lot of drawbacks as the market is volatile and it is ever affected by national as well as international factors, these days we can see that crude oil prices in International market has become an important factor  in determining the market movement. Here are some disadvantages as cited by me and by survey: Fluctuating Returns Mutual funds are like many other investments without a guaranteed return: there is always the possibility that the value of your mutual fund will depreciate. Unlike fixed-income products, such as bonds and Treasury bills, mutual funds experience price fluctuations along with the stocks that make up the fund. When deciding on a particular fund to buy, you need to research the risks involved just because a professional manager is looking after the fund, that doesn’t mean the performance will be always good Diversification Although diversification is one of the keys to successful investing, many mutual fund investors tend to over diversify. The idea of diversification is to reduce the risks associated with holding a single security; over diversification (also known as diversification) occurs when investors acquire many funds that are highly related and, as a result, don’t get A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City the risk reducing benefits of diversification. At the other extreme, just because you own mutual funds doesn’t mean you are automatically diversified. For example, a fund that invests only in a particular industry or region is still relatively risky. For example: Sect oral Funds Cash and More Cash As you know already, mutual funds pool money from thousands of investors, so everyday investors are putting money into the fund as well as withdrawing investments. To maintain liquidity and the capacity to accommodate withdrawals, funds typically have to keep a large portion of their portfolios as cash. Having ample cash is great for liquidity, but money  sitting around as cash is not working for you and thus is not very advantageous. Costs Mutual funds provide investors with professional management, but it comes at a cost. Funds will typically have a range of different fees that reduce the overall payout. In mutual funds, the fees are classified into two categories: shareholder fees and annual operating fees. The shareholder fees, in the forms of loads and redemption fees are paid directly by shareholders purchasing or selling the funds. The annual fund operating fees are charged as an annual percentage usually ranging from 1-3%. These fees are assessed to mutual fund investors regardless of the performance of the fund. As you can imagine, in years when the fund doesn’t make money, these fees only magnify losses. Figure 1: Structure of Mutual Fund A mutual is a set up in the form of trust, which has sponsor, trustee, assets management company (AMC) and custodian. Sponsor is the person who acts alone or in combination with another body corporate and establishes a mutual fund. Sponsor must contribute at least 40% of the net worth of the investment managed and meet the eligibility criteria prescribed under the Securities and Exchange Board of India (Mutual Funds) regulations, 1996. The sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the schemes beyond the initial contribution made by it towards setting up of Mutual Fund. The Mutual Fund is constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 by the Sponsor. Trustee is usually a company (corporate body) or a board of trustees (body of individuals). The main responsibility of the trustee is to safeguard the interest of the unit holders and also ensure that AMC functions in the interest of investors’ and in accordance with the Securities and Exchange Board of India (Mutual Fund) Regulations 1996 the provisions of the Trust deed and the offer Document of the respective schemes. The AMC is appointed by the Trustees Pritam P. Kothari Shivganga C. Mindargi as the investment Manager of the Mutual Fund. The AMC is required to be approved by SEBI to act as an asset management company of the Mutual Fund. The AMC if so authorized by the Trust Deed appoints the Registrar and Transfer Agent to agent the mutual fund. The registrar processes the application form, redemption requests and dispatches account statements to the unit holders. The Registrar and Transfer agent also handles communications with investors’ and updates investor records. REVIEW OF LITERATURE Lenard et., al. (2003) empirically investigated investor’s attitudes toward mutual funds. The results indicate that the decision to switch funds within a fund family is affected by investor’s attitude towards risk, current asset allocation, investment losses, investment mix, capital base of the fund age, initial fund performance, investment mix, fund and portfolio diversification. The study reported that these factors are crucial to be considered before switching funds regardless of whether they invest in non-employer plans or in both employer and non-employer plans. Bollen (2006) studied the dynamics of investor fund flows in a sample of socially screened equity mutual funds and compared the relation between annual fund flows lagged performance in SR funds to the same relation in a matched sample of conventional funds. The result revealed that the extra-financial SR attribute serves to dampen the rate at which SR investors trade mutual funds. The study noted that the differences between SR funds and their conventional counterparts are robust over time and persist as funds age. The study found that the preferences of SR investors may be represented by conditional multi-attribute utility function (especially when SR funds deliver positive returns). The study remarked that mutual fund companies can expect SR investors to be more loyal than investors in ordinary funds. Walia and Kiran (2009) studied investor’s risk and return perception towards mutual funds. The study examined investors perception towards risk involved in mutual funds, return from mutual funds in comparison to other financial avenues, transparency and disclosure practices. The study investigated  problems of investors encountered with due to unprofessional services of mutual funds. The study found that majority of individual investors doesn’t consider mutual funds as highly risky investment. In fact on a ranking scale it is considered to be on higher side when compared with other financial avenues. The study also reported that significant relationship of interdependence exists between income level of investors and their perception for investment returns from mutual funds investment. Saini et., al. (2011) analyzed investor’s behavior, investors’ opinion and perception relating to various issues like type of mutual fund scheme, its objective, role of financial advisors / brokers, sources of information, deficiencies in the provision of services, investors’ opinion relating to factors that attract them to invest in mutual and challenges before the Indian mutual fund industry etc. The study found that investors seek for liquidity, simplicity in offer documents, online trading, regular updates through SMS and stringent follow up of provisions laid by AMFI. Singh (2012) conducted an empirical study of Indian investors and observed that most of the respondents do not have much awareness about the various function of mutual funds and they are bit confused regarding investment in mutual funds. The study found that some demographic factors like gender, income and level of education have their significant impact over the attitude towards mutual funds. On the contrary age and occupation have not been found influencing the investor’s attitude. The study noticed that return potential and liquidity have been perceived to be most lucrative benefits of investment in mutual funds and the same are followed by flexibility, transparency and affordability. STATEMENT OF THE PROBLEM Mutual funds have their drawbacks and may not be for everyone. No investment is risk free. If the entire stock market declines in value, the value of mutual fund shares will go down as well, no matter how balanced the portfolio. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Investors encounter fewer risks when they invest in mutual funds than when they buy and sell stocks on their own. However, anyone who invests through a mutual fund runs the risk of losing money. All funds charge administrative fees to cover their day-to-day expenses. Some funds also charge sales commissions or â€Å"loads† to compensate brokers, financial consultants, or financial planners. When he invests in a mutual fund, they depend on the fund’s manager to make the right decisions regarding the fund’s portfolio. If the invests in Index Funds, they foregoes management risk, because these funds do not employ managers. Though these are the problems in the investment of mutual funds, in the recent days most of the investors preferred to invest their funds on mutual funds. In this background, the research has made an attempt to study the investors’ preference for mutual funds in Solapur City. LIMITATIONS OF THE STUDY The present study is based upon the results of survey conducted on 200 mutual fund investors. The implications of the study are subject to the limitations of sample size, psychological and emotional characteristics of surveyed population. SCOPE OF THE STUDY This paper provides Future of Mutual Funds industry information as well as awareness level amongst people for Mutual Funds. Also this project report of Mutual Funds gives an outlook to management as to how the mutual funds are performing in the current market situation as a result what may be the future of this industry. This paper on mutual funds is informative the students who want to understand and undertake assignments in the industry. This study also facilitates the general people who can understand the importance and explore the new option for investment in Mutual Funds. Different financial institutions provide services that are both complementary to and competitive with each other. A well built financial system directly contributes to the growth of the country. RESEARCH METHODOLOGY This study is descriptive in nature based on survey method. The study aims at finding out the attitude of the investors towards investment in mutual funds in Solapur city. This study was based mainly on primary sources. The primary data was collected from the investors of mutual funds with help of the questionnaire. The secondary data were collected from the books, records and journals. By adopting convenience sampling, 200 respondents were selected for this study. The essential data were collected with the help of questionnaire. The data collected from the period of January 2011 to April 2011. DATA ANALYSIS AND INTERPRETATION Figure: 2 Showing Pattern of Investment Pritam P. Kothari Shivganga C. Mindargi From above figure it is clear that 75% investors are invested in open ended schemes where as 15% invested in closed ended schemes in mutual fund. Figure: 3 Reason for Investment in Mutual Fund From above figure it is clear that and 42% investors say that they invested money in mutual fund for tax assumption. 33% investors say that they invested money in mutual fund for higher returns. 16% investors say that they invested money in mutual fund for value creation in fund. 9% investors say that they invested money in mutual fund for other reason. Figure: 4 Showing the Reason of Investors that not Invested Money in Mutual Fund From above figure is clear that 50% investors say that they not interested to invest money in mutual fund. 33% investors say that they have imperfect knowledge in mutual fund, so they are not invested. 8.5% investors say that they invested in govt. bond. 8.5% investors has other reason so they not invested money in mutual fund. Figure: 5 Showing Type of Investment Investors Should be Preferred A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City From above figure it is clear that investors invest money in fixed deposits. 15 25% investors invest money in gold/real estates. 17% investors invest money in mutual fund. 8% investors invest money in bond/debentures. Remaining 17% investors invest money in shares. Figure: 6 Showing Returns Investor get from their Investment From above figure it is clear that 70% investors are gaining 5-15% returns from their investment. 23% are gaining 15-30% returns from their investment. 5% investors are gaining 30-45% returns from their investment. Remaining only 2% investors is gaining above 45% returns from their investment. Figure: 7 Showing Duration of Investment From above it is clear 80% investors are dealing in short term duration whereas 20% investors are dealing in long term duration. Figure: 8 Showing the Investors Experience in Mutual Fund Pritam P. Kothari Shivganga C. Mindargi From above figure it is clear that 73% investors say that they are having bad experience in mutual fund. 12% investors say that they are having good experience in mutual fund. Remaining 15% investors say that their experience is ok. FINDINGS AND SUGGESTIONS Findings †¢The trend for investment is changing rapidly besides the traditional pattern of investment and people today they are ready to undertake risk and also bear the volatility of changing mutual fund market scenario. †¢This shows that people with Middle Income Group are more attractive this market and are ready to bear the risk. †¢It is observed that 75% investors have invested open ended schemes that they want higher returns on their investment rather than investing in closed ended schemes in mutual fund. †¢It is observed that 42% investors have invested money for tax assumption.33% investors have invested money for higher returns in their investment.16% investors have invested money for value creation in fund. And remaining 9% investors have invested money for other reason. †¢It is observed that 50% investors have not interested to invest money in mutual fund.33% investors have imperfect knowledge so they not invested money in mutual fund.9% investors find govt. securities bond is better that’s way they not invested money in mutual fund. And remaining 8% investors have other reason so they not invested money in mutual fund. †¢It is observed that more businessmen were inclined towards investing in current account. The ladies were inclined to invest their money in Gold and jewelleries. Service class people and retired class people prefer more saving and fixed deposits People with high income. †¢It is observed that 70% investors have invested to getting returns in the range of 5-15% which shows in short span of time they are getting good returns and more than expectations. †¢It is observed that 80% investors have invested in short term duration which indicates the investors have not ready to invest in long term period due to various risks associated with long term duration of investment. †¢On asking how they get knowledge of mutual fund a large number of them attributed to print media. Even banks today follow the role of the investment advisors. Very few get any information from the e-media or Hence, AMCs must increase the awareness about their product through Electronic media (TVs, Cables, Radios etc.) as well as and should not just constrained itself to the print advertisement those who do not read newspaper. SUGGESTIONS Investor’s Point of View The question that entire customer, irrespective of the age group and financial status, think of is- Are mutual funds are a safe option? What makes them safe? The basis of mutual fund industry’s safety is the way the business is defined and regulation of law. Since the mutual fund invests in the capital market instruments, so proper knowledge is essential. Hence the essential requirement is well informed seller and equally informed buyer who  understands and helped them to understand the product (here we can say the capital market and the money market instruments) is the essential preconditions. A Study of Investors Attitude towards Mutual Fund with Special Reference to Inversotrs in Solapur City Being Prudent Investor One Should †¢Ask one’s agent to give details of different schemes and match the appropriate ones. †¢Go to the company records or the fund house regarding any queries if one is not satisfied by the agents. †¢Investors should always keep an eye on the performance of the scheme and other good schemes as well which are available in the market for the closed comparison. †¢Never invest blindly in the investments before going through the fact sheets, annual reports etc. of the company. Since, according to the Guidelines of SEBI The AMCs are bound to disclose all the relevant data that is necessary for the investment purpose of investors. Company’s (Mutual Fund Companies) Point of View  Following measures can be taken by the company for getting higher investments in the mutual fund schemes: †¢Educate the agents or the salesmen properly so that they can take up the queries of the customer effectively. †¢Set up separate customer care divisions where the customers can anytime pose their query, regarding the scheme or the current NAV etc. These customer care units can work out in accordance with the requirements of the customer and facilitates them to choose the scheme that suits their financial status. †¢Conduct seminars or programs about mutual fund where every information about the product is outlined including the risk factor associated with the different classes of assets. †¢Brokers should reduce the brokerage charges for intra day and delivery based so that the investor can save more amounts to generate extra investment for the investor as well as for the Mutual Fund companies. †¢Mutual Fund companies should try to increase the promotion and advertisement strategies for awareness of Mutual fund in solapur city. CONCLUSIONS The mutual fund industry is growing at a tremendous pace. A large number of plans have come up from different financial resources. With the stock markets oaring the investors are attracted towards these schemes. Only a small segment of the investors still in Mutual Funds and the main source  sources of information still are the financial advisors followed by advertisements in different media. The Indian investors generally invest over period of 2-3 years. Also there is a tendency to invest in fixed deposits due to the security attached to it. In order to excel and make mutual funds a success, companies still need to create awareness and understand the psyche of the Indian customer. REFERENCES Agapova, Anna, 2011, „The Role of Money Market Mutual Funds in Mutual Fund Families , Journal of Applied ‟ 1. Finance, Vol. 21, Issue. 1, pp. 87-102. Agarwal, Vikas; Boyson, Nicole M.; Naik, Narayan Y, 2009, „Hedge Funds for Retail Investors? An Examination of Hedged Mutual Funds , Journal of Financial Quantitative Analysis, Vol. 44, Issue 2, pp. 273-305. ‟ 2. 12 Pritam P. Kothari Shivganga C. Mindargi 3. A. Vennila, R. Nandhagopal(2012) â€Å"Investors’ Preference towards Mutual Funds in Coimbatore City European Journal of Social Sciences ISSN 1450-2267 Vol.29 No.1 (2012), pp. 115-125 4. Binod Kumar Singh (2011) â€Å"A Study on Investors’ Attitude towards Mutual Funds as an Investment Option† JOURNAL OF ASIAN BUSINESS STRATEGY, VOL. 1(2): 8-15 5. Badrinath, S.G Gubellini, S, (2011), „On the characteristics and performance of long-short, market-neutral and bear mutual funds , Journal of Banking Finance, Vol. 35 Issue 7, pp.1762-1776. ‟ 6. Dranikoff L, Koller, T. and Schneider, A, â€Å"Divestiture: Strategy’s Missing Link†, Harvard Business Review, May 2002, 80 (5). 7. Dr.Nishi Sharma (2009) â€Å"Indian Inverstors Perception towards mutual funds† Business Management Dynamics Vol.2, No.2, Aug 2012, pp.01-09 8. Gil-Bazo, Javier; Ruiz Verd, Pablo, 2009, „The Relation between Price and Performance in the Mutual Fund Industry , Journal of Finance, Vol. 64, Issue 5, pp. 2153-2183. ‟ 9. Hansen M and Nohria N, â€Å"What’s your Strategy for Managing Knowledge?† Harvard Business Review, MarchApril, 1999, 77 (2).1 10. Journal of Marketing, 32 (October), 65-68, 1968. 11. Rajeswari, T.R., and V.E. RamaMoorthy, 2001, An Empirical Study on Factors Influencing the Mutual Fund Scheme Selection by Retail Investors . Retrieved on May 2010 http://www.utiicm .com/Cmc/PDFs/ ‟ 2001/rajeswari.pdf. 12. Singh, Chander, 2004, „Performance of mutual funds in India – an empirical evidence , ICFAI journal of applied ‟ finance December, pp. 81-98. 13. Subbash C. Jain, â€Å"Marketing Planning and Strategy†, South Western College Publishing, Sixth Edition, 2000. 14. Singh, B. K. and Jha, A.K. 2009, „An empirical study on awareness acceptability of mutual fund , Regional ‟ Student s Conference, ICWAI, pp. 49-55. ‟ 15. Winer, C. Strategic Thinking: An executive Perspective, Upper Saddle River, Prentice Hall, 2000

Leons Theory of Language Development

Leons Theory of Language Development The learning process of language in children is shaped by the social phenomena that the child is immersed in, where these social phenomena be non-verbal or verbal dyadic or polyadic interactions between the child and others. Lourdes De Leons (1998) paper The Emergent Participant: Interactive Patterns in the Socialization of Tzotzil (Mayan) Infants demonstrates how different social activities that a child is immersed in reflect their development of language through the Tzotzil (Mayan) infant community, located in the highlands of Chiapas, Mexico. Leon successfully evidently shows that children are immersed into different social polyadic interactions even before they have learned the language allowing them to develop their own roles that reflect their language skills. The Tzotzil (Mayan) infant communities demonstrate how the children gain knowledge of their language by participating in multiparty interactions (Leà ³n 1998, p.134) where these interactions are verbal or non-verbal. As the child develop knowledge about social identities of other participants, interactive goals of the activity, and how the structure of verbal and non-verbal communication is performed, the children are able occasionally form and assign their own roles in a social phenomenon called the addressee, embedded speaker, side participant, over hearer, and the eavesdropper. Leon proposes that children emerge as social participants (Leà ³n 1998, p.134) further highlighting that even before learning the Tzotzil language, the Mayan children are immersed in the multiparty interactions demonstrating that the roles assigned to the children in polyadic interactions reflect the childs development of language. A childs development in language does not depend on a minimum number of social phenomena that the child is able to participate in but it depends on the dyadic address between the child and the mother.   Dyadic interactions are the childs main source of learning experience for language as the child spends the majority of their time with their mothers eaves dropping conversations. Leons studies of two early Tzotzil (Mayan) infants, named Mal and Mersi, were monitored and were observed to be immersed in dyadic, close bodily interaction (Leà ³n 1998, p.151) with their parents from their birth. At a very young age the infants are mainly assigned with the role of the eaves dropper as the parent is the only speaker in the dyadic interaction. Rhetorical questions and eye level communication are observed to be used by the parent towards the child to achieve conjoint attention and compliance (Leà ³n 1998, p.151). The infants are able to participate at the age of four months old and are assigned to the role of an over hearer or an implied participant in a dyadic interaction where words are put into their mouths by the parent. Similarly, these rhetorical questions are used by the parent to allow the child to participate in a conversation as an embedded speaker (Leon 1998, p.146). In Leons findings, the Mayan families routinely immerse the infants in social activities where the parent tells the infant to address other family members which in turn allows the child to develop an understanding of how communication is performed. By the age of eight months, the infants are able to communicate verbally and non-verbally with the parent and the dyadic interaction of close bodily interaction is transformed into long distance verbal monitoring. The long distance verbal monitoring is evident when Mersi makes a guttural sound towards the caregiver to indicate that she needed to urinate demonstrating a trans formation from an eaves dropper to a virtual speaker (Leon 1998, p.139) in a dyadic interaction event. This interactive pattern of dyadic interactions relative to time with the parent and the infant is reflected through the results of the two Tzotzil (Mayan) infants language growth from being unable to speak to being able to communicate verbally and non-verbally with others. Leon demonstrates that infants in society require minimal conversational interaction (Leon 1998, p.143) in the stages before transitioning from a baby to a child and can develop their language skills through non-verbal communication that are dyadic or polyadic during social phenomena such as recognizing faces and following movement. In the daily lives in the Tzotzil community of extended families, there are many routine activities such as greetings which encourage the infants to participate in the greeting as a third party. During the studies of the two Tzotzil (Mayan) infants, the four month old Mersi was able to participate in a short greeting event between her parent and a passerby where she was sharing the parents viewpoint by rotating her head as she stared at the passing greeter thus participating in the routine activities which demonstrates how the infant is identified as a side participant in the event. Rhetorical questions and motherese (Leon 1998, p.144) is used towards the infant by the parent to achieve joint attention (Leon 1998, p.144). From Leons studies, the reply that the Mayan infants give back towards the parent is a childs babbling indicating that the infant has the role of an addressee in a conversation and has gained the slightest knowledge of how to communicate. This successfully demonstrates that children require minimal conversational interaction to develop language skills by participating in non-verbal interactions that are dyadic or polyadic. The studies of Lourdes De Leons (1998) paper The Emergent Participant: Interactive Patterns in the Socialization of Tzotzil (Mayan) Infants, Leon demonstrated how the learning process of language is reflected due to different social phenomena that infants are immersed in. These different social phenomena can be non-verbal or verbal dyadic or polyadic interactions enabling the child to take on different roles in an event despite having no knowledge of a specific language. However, dyadic interactions between mother and child which do not require speaking are the main sources of how an infant develop language and culture which is evident through the two monitored Mayan infants, Mal and Mersi.