...PART I Overview and Background Chapter 1 An Introduction to Multinational Finance True / False 1. 2. MNCs have investment or financial operations in more than one country. ANS: True. Because of globalization in the world's markets, a multinational financial manager is more likely than a domestic financial manager to specialize in finance to the exclusion of other fields of business. ANS: False. The multinational financial manager must be well versed in each of the business disciplines in which the MNC is involved. The domestic financial manager must be knowledgeable in several areas within finance, whereas the multinational financial manager usually specializes in a single area, such as corporate finance, investments, or financial markets. ANS: False. The multinational financial manager is likely to require knowledge of several fields within finance. The investment opportunity set is the set of investments available to the corporation; that is, the set from which the company must select. ANS: True. Types of market efficiency used to describe the performance of financial markets are allocational, operational, and transactional efficiency. ANS: False. Three types of market efficiency are allocational, operational , and informational. An informationally efficient market is one with abundant information. ANS: False. It is a market in which prices fully reflect available information. Allocational efficiency refers to how efficiently a market channels capital toward its most productive...
Words: 291 - Pages: 2
...THE RIGHTS AGAINST COMTEMPORARY SLAVERY (DOMESTIC WORKERS AND BONDED LABOUR) IN NIGERIA AND THE UNITED STATES. WRITTEN BY: 2121745 DATE: 26TH APRIL 2014 WORD COUNT: 2,770 WORDS As estimated by the International Labour organization (ILO), there are over 20.9 million people in this 21st century that are still enslaved. Another source states that there are 29.8 million people who are still held in modern day slavery. When the word “slavery” is mentioned, the idea that comes to mind is when people are taken from India, Africa and other third world countries, to the West Indies or America, for the purpose of them to work in sugar cane plantation. Although that kind of slavery was abolished in the 19th century, men, women and children are still slaves, thus, the birth of modern slavery. “Slavery is the status or condition of a person over whom any or all of the powers attaching to the right of ownership are exercised”. Slavery is so much graver than forced labour, Slavery involves forced labour, but not every forced labour involves slavery. Despite being prohibited by so many International instruments, which includes the 1948 Universal Declaration of Human Rights and the 1956 UN Supplementary Convention on the Abolition of Slavery, the Slave Trade and Institutions and Practices Similar to Slavery and the 1926 UN Slavery Convention, Contemporary slavery still takes place in various forms, affecting all gender, races and color. Modern slavery has been in many forms...
Words: 3228 - Pages: 13
...They say bigger is better - but not in the case of this lovely resort. I was informed that Sandals Halcyon is the smallest of the three Sandals resorts in St. Lucia - but certainly the most charming. I was completely captivated by this resort upon entering. It is best described by Sandals Resort themselves: “Of all the Sandals beach resorts, it has been said that perhaps Sandals Halcyon Beach best defines the Caribbean—set on a palette of lush gardens bordering the tranquil Caribbean Sea.” Concealed in the unpolished beauty of St. Lucia is Sandals Halcyon Beach - an all-inclusive resort that prides itself with Caribbean architecture complementing its calming beach and lush gardens. With all its charm, Sandals Halcyon Beach renders its guests to familiarize themselves with other parts of St. Lucia with the 'Stay at One, Play at Three' exchange program with neighboring resorts Sandals Grande St. Lucian and Sandals Regency St. Lucia. Couples can relax at Halcyon Beach, as well as enjoy transfers to the other nearby resorts to discover 15 restaurants, 12 pools, 11 whirlpools, and 23 bars during their stay.” [ (Sandals, 2011) ] What Sets Them Above The Rest? * Sandals Resort offers an innovative concept in their all-inclusive environments, contrived to give vacationers completely worry-free accommodations. This allows guests to relax and more effectively utilize their vacation time. * Prides themselves with introducing the couple’s only concept. * They...
Words: 1257 - Pages: 6
...Critical Thinking Case Study GEN/480 University of Phoenix Lisa Stansfield To the CEO of AcuScan: Here is a last report that I have devised for you which explains the up-to-date circumstances at AcuScan and a few suggestions and actions that ought to be taken and the reason. Chris Martinas, VP of Product Development and Pat Lambert, the new Director of Marketing have been collaborating on a new product that has to be initiated by the final part of the year. The new product happens to be the iScanner, which they have previously promoted except it will have new features, which makes it new and more advanced. The two of them have been figuring out a way to lower the budget by 15% and try not to not dismiss current employees. They have the funds of 400 K to use and have to convene with the right departments to launch the project. There was a problem through the emails among Pat Lambert and Kelly Thomas, Chief Engineer of Product Software. Kelly designed the original iScanner that was the groundbreaker in the developing retinal scanning security business. After discussing with you about the making of the product and not going outside 400K, Chris emailed Pat and Kelly on the way to do that and the way they could reach the deadline in August. The initial reply to that email was from Pat Lambert, the email was very optimistic and stated how Lambert did not think that it was going to be an issue to generate. The email after that was from Kelly saying that the team was placing...
Words: 1321 - Pages: 6
...1b) Write a detailed account of the Black Tuesday events of 1965 in The Bahamas. Black Tuesday was an incredible turning point in the Bahamas and will always be remembered in Bahamian history. The events of that fateful day, coined Black Tuesday by Arthur Foulkes, a borrow expression from the American name of the day Wall Street Crashed. Black Tuesday will forever be considered the most significant event in the struggle for majority rule. On that day ,27th April,1967. Sir Lynden Pindling, then leader of the Opposition, during a heated debate over boundaries threw the mace out the window. It all started with the formation of the first political party, Progressive Liberal Party (P.L.P) by the late Sir Henry Taylor, Cyril St. John Stevenson, M.V.D and William Cartwright in 1953.The General Strike of 1958 showed Bahamians what power they had in numbers following this, the British government made changes to the electoral system. The land qualifications were abolished. Women also pushed for the right to vote. In 1961 this was granted and in the 1962 General Elections women voted for the first time. Though the P.L.P expected to win now that women voted they did not. Instead they only won 8 of the 29 seats. In an effort to change the electoral system the P.L.P called for change in the constituency boundaries. The principle of majority rule had been one for which the P.L.P fought long and hard for in the early years of the party, one of its objectives was to see...
Words: 657 - Pages: 3
...The 1920s was a decade of tremendous tension between forces of tradition and modernity. This tension was represented in whole by the Scopes Trial. The Scopes Trial was a court case where the Attorney General of Tennessee charged a high school biology teacher named John Scopes for going against the law of not being able to teach Darwin’s theory of evolution in school. Darwin’s theory of evolution stated that complex forms of life, like human beings, developed from simpler forms of life. Darwin’s modern theory clashed heavily with the fundamentalist, or traditionalist, view in the Bible, where God creates humans. The law of not being able to teach Darwinism in public schools was passed in 1925 by the state of Tennessee. The ACLU, or American Civil Liberties Union, convinced John Scopes to challenge the recently passed law. Scopes taught biology in his classroom and was arrested for it. The trial was a nation-wide known trial, commonly known as the “Monkey Trial”. It was called the “Monkey Trial” because it was mistakenly believed that Charles Darwin claimed that human beings descended from monkeys. The clash between modernity and traditionalism was well represented by two very well known lawyers, Clarence Darrow and William Jennings Bryan, respectively. Darrow was the best known defense attorney in America. He was celebrated for defending labor union leaders like Eugene V. Debs and William Haywood, and many other publicly known cases. His skill was being a very talented public...
Words: 1508 - Pages: 7
...HRM582 – Managing Global Diversity The Nacirema Tribe The Nacirema tribe is a very interesting tribe that lives between Canada and Mexico in the continent of North America. These tribes have very interesting rituals involving their bodies and how to care for it. They see the human body as very ugly in its natural form and if left alone will eventually disease and can lead to the person dying. In an effort to mitigate this occurrence, they have developed very interesting rituals. I will primarily focus on the ritual ceremonies of the mouth. The Nacirema have what seems to be an unnatural fascination with the mouth. The mouth, they believe possess supernatural powers that have the ability to bring them friends or drive away friends and lovers. They believe if they do not go to the holy-mouth man to perform these sadistic rituals, their teeth will all fall off, their jaws will shrink, their gums will bleed and they will be rejected by friends and lovers. They believe in the mouth-rites so much that they eagerly follow all the rules prescribed to them by the holy-mouth man. Even though they follow all the rules, it is still not a guarantee that their teeth will not fall off or their gums will not bleed. Some of the daily rituals concerning the mouth involves inserting a small bundle of hog hairs into the mouth along with certain magical powders and then moving the bundle in a formalized series of gestures. In addition to the daily rituals, the people also seek out...
Words: 471 - Pages: 2
...Once, in a dry season, I wrote in large letters across two pages of a notebook that innocence ends when one is stripped of the delusion that one likes oneself. Although now, some years later, I marvel that a mind on the outs with itself should have nonetheless made painstaking record of its every tremor, I recall with embarrassing clarity the flavor of those particular ashes. It was a matter of misplaced self-respect. I had not been elected to Phi Beta Kappa. This failure could scarcely have been more predictable or less ambiguous (I simply did not have the grades), but I was unnerved by it; I had somehow thought myself a kind of academic Raskolnikov, curiously exempt from the cause-effect relationships that hampered others. Although the situation must have had even then the approximate tragic stature of Scott Fitzgerald’s failure to become president of the Princeton Triangle Club, the day that I did not make Phi Beta Kappa nevertheless marked the end of something, and innocence may well be the word for it. I lost the conviction that lights would always turn green for me, the pleasant certainty that those rather passive virtues which had won me approval as a child automatically guaranteed me not only Phi Beta Kappa keys but happiness, honour, and the love of a good man (preferably a cross between Humphrey Bogart in Casablanca and one of the Murchisons in a proxy fight); lost a certain touching faith in the totem power of good manners, clean hair, and proven competence on the...
Words: 644 - Pages: 3
...The Scopes “Monkey” Trial was an American legal case in 1925 which involved a 24-year old high school teacher named John Thomas Scopes who was prosecuted for teaching the theory of evolution. The trial took place in Dayton, Tennessee on July 25th 1995. Scopes was accused of violating the Tennessee’s Butler Act by teaching Charles Darwin’s Theory of Evolution. The Butler Act forbids the teaching of theory that goes against the biblical story of Creationism. Scopes was found guilty and was charged a fine of $100. In 1925, the Tennessee legislature passed the Butler Act which prohibits the teaching of the theory of evolution in all the universities, normal and all other public school in Tennessee. Any teacher who fails to abide the law would be fined not less than a $100 or more than $500. Other southern states followed suit. The ACLU (American Civil Liberties Union) offered to defend the teaching of evolution. Scopes agreed to purposefully incriminate himself so the ACLU could challenge the Butler’s Act....
Words: 543 - Pages: 3
... During the Gilded Age period, the United States experienced countless advancements in manufacturing and industrialization by the building of factories and railroad expansions. While America’s economy and manufacturing skyrocketed, agriculture and the farmers who practiced agriculture were slowly being left behind. What once employed more than half of the United State’s population at 59.3% diminished to only 33.3% in a span of fifty years. By the end of 1899, manufacturing occupied half of the population, in addition to the growing numbers of the population involved in mining and construction. (Document 7) Due to the decrease of profits and increase in taxes held against them, farmers gained an increasing amount of discontent and resent towards the government and politics during the 1870-1900 time period. As time progressed, farmer’s discontent with politics and the government dramatically heightened as new obstacles faced the group daily. Farmers were seemingly always being left behind, they were highly susceptible to high-interest rates and taxes, their interest went up from 8% to 40%. In their first couple of years, many farmers would find themselves unable to pay off their taxes and going into debt. Their farms and land, "mules, cows, wagons, plows and often all household furniture" would be put under lien and the farmers would have to become tenant farmers. (Document 2) Deflation in the economy, as well as high taxes, heavily affected the agriculture business; less money...
Words: 826 - Pages: 4
...Mahmoud Mandour Mrs. Kuhl English Lang. and Lit. 25th February 2013 Rational I chose to write a movie review, as a critic pointing out the inaccurate depictions made through characters in the movie, ‘Gone With The Wind”. What motivated me to do this, is that it is difficult to criticize movies as successful as this. So, I wrote this as a critic pointing out some huge flaws in the portrayals made through the movie’s characters, rather than focus on the story plot, like other movie reviews. The audience I target for this critique, is any “GWTW” fan that thinks this movie is flawless. This written task is intended to focus on part 1 of the course, as language in this movie is used in different contexts to portray race relations and gender roles in a certain society at the time the movie was set. The tone used in the very title of the article is humorous and a bit exaggerated, as I make a pun by using the name of the movie in making a point about how this movie abolishes accurate perceptions on the nature of the confederate states. The first half of the introduction is stated in an admiring tone, as I praise the movie’s success with sentences like; “ leaving viewers with a warm feeling towards a great story that was beautifully told.” I then shift to a rather aggressive tone, as I directly point out the issues in the movie. As for the rest of the article, the tone is strictly formal and informative, as I elaborate on the introduction. I made sure to stick...
Words: 1222 - Pages: 5
...Theories of work organisation have gone through considerable changes in the last couple of decades. Describe what you believe to be the main changes and evaluate their importance in the changing world of business. (You may choose a particular industry or occupation to illustrate your argument). Introduction to the feminist movement: In an constantly evolving society, theories of work organisations have undergone drastic changes over the past few decades (Tosi 2009). Organisational theory developed from the work of Taylor and Weber (Reed & Ross-Smith 1994) along with the management theory of Mintzberg (Bartram 2005). The application of these concepts needed to change to reflect the desires and expectations of the current working demographic. The ‘highly visible’ (Stanley & Wise 2000) feminist or women’s movements, particularly in developed countries throughout the past century, have allowed women to enjoy substantially increased levels of equality and the ability to enter male-dominated occupations which their predecessors could not. Modern philosophers such as Foucault and de Saussure (Kelemen & Rumens 2008) have been considering one facet of ‘poststructuralism’ (Tosi 2009, p. 263), leading to a new stream of though on the implications of language interpretation. Modern poststructuralist feminists such as McNay and Weedon (as cited in Kelemen & Rumens 2008) have been debating ways in which to instigate and enhance a shift from a male-centric organisation compositions towards...
Words: 2245 - Pages: 9
...full support of Sir Lynden O. Pindling, who was inside of the House telling the House that the governing white merchant known as the Bay Street Boys would not listen to the voice of the people and reasoning with regard to the Boundaries Commission report for that year. After the House denied the motion formed by the PLP to have the constituencies redrawn under the United Nations, Lynden Pindling publicly declared that the Bay Street politicians as dictators. The distribution of seats in favor of the Family Islands was not acceptable to the PLP when the majority of the population lived in New Providence. Before Mr. Pindling went inside, it was said that he was scared to go in and do what he did, so much that he needed coaxing from Sir Milo Butler to go ahead with the plan. Inside we could hear Mr. Pindling accusing the ruling United Bahamian Party of dividing some areas into political units to give their group an unfair advantage. Mr. Pindling took the ceremonial mace and tossed it out of the window into the crowd of people below. "This is the symbol of authority, and authority on this island belongs to the people and the people are outside." said Pindling. It was an act of deviance in the pursuit of liberty and...
Words: 281 - Pages: 2
...BLACK TUESDAY “Black Tuesday” began in The Bahamas April 27th 1965.Black Tuesday took place not only inside but outside The House Of Assembly. According to Source B Black Tuesday was possibly one of the greatest events in the movement of Bahamian independence. The PLP (Progressive Liberal Party) was formed November 23rd 1953.The PLP consisted of Sir Lynden Pindling, the late Sir Milo Butler, Mr. Cyril Stevenson, Mr. Sammie Issacs, the late Clarence A. Bain, and the late Sir Randol Fawkes. The formation of the PLP was a first for The Bahamas because it introduced party politics. At this time the majority group in the House was the Bay Street Boys, who later formed the UBP (United Bahamian Party). As mentioned by Source B around the time October 1956 at that time, only a few men, those who owned land, could vote. In addition, a man could vote in as many placed as he owned land, every company that owned land could vote, no woman could vote, and 21 years was the qualifying age. The PLP sought to change this desperate state of affairs and the UBP fought them every inch of the way. Between 1959 and1961, the Women’s Suffrage Movement took up the cause of votes for women and in July 1961, the act of voting for women became law. This was a huge step toward majority rule. The 1962 general election was the first election were all Bahamians including women were allowed to vote. Surprisingly though the UBP won the election over the PLP. This was because workers were threatened to...
Words: 1083 - Pages: 5
...full support of Sir Lynden O. Pindling, who was inside of the House telling the House that the governing white merchant known as the Bay Street Boys would not listen to the voice of the people and reasoning with regard to the Boundaries Commission report for that year. After the House denied the motion formed by the PLP to have the constituencies redrawn under the United Nations, Lynden Pindling publicly declared that the Bay Street politicians as dictators. The distribution of seats in favor of the Family Islands was not acceptable to the PLP when the majority of the population lived in New Providence. Before Mr. Pindling went inside, it was said that he was scared to go in and do what he did, so much that he needed coaxing from Sir Milo Butler to go ahead with the plan. Inside we could hear Mr. Pindling accusing the ruling United Bahamian Party of dividing some areas into political units to give their group an unfair advantage. Mr. Pindling took the ceremonial mace and tossed it out of the window into the crowd of people below. "This is the symbol of authority, and authority on this island belongs to the people and the people are outside." said Pindling. It was an act of deviance in the pursuit of liberty and...
Words: 304 - Pages: 2
