Premium Essay

Reaction Paper

In: Business and Management

Submitted By yiel
Words 1166
Pages 5
I. INTRODUCTION Every country has its own currency. Like the Philippines, it has its currency called PHILIPPINE PESO (PHP). It plays a big role in economy. It can be defined as a unit of purchasing power. It is a medium of exchange, a substitute for goods or services. It doesn't have to be the coins or bills with which you're probably most familiar. In fact, through the ages, everything from large stone wheels, knives, slabs of salt and even human beings have been used as money. Anything that people agree represents value is currency. So having different currencies in the world, represent every nation’s sovereignty. But because of increasing business transactions, people began trading and exchanging currency in ancient times. Nowadays, with the help of different FOREX organizations, we are able to determine exchange rates and how our economy is doing well. The role of currency is only as a tool or a means of exchanging goods. Its value is derived from the faith people have in the currency. For any currency to have a value, people must be able to accept it as a means which they will part or exchange other items for it. In itself, currency has no value. It is only how we perceive currency that gives it value. In today’s world, currency is bought and sold in the international currency market or foreign exchange market for those not in the financial sector. National currencies are valued independently due to the nation’s central banking system which is independent from one another. However each currency in today’s market, from the strongest to the weakest are all dependent and interconnected with each other for purposes of value and stability. The trading between national currencies is important in the overall value of a single country’s currency. How active the foreign exchange market also tells the story of what the financial community thinks of the global

Similar Documents

Premium Essay

Babies Reaction Paper

...born, they all were breastfed, which is a sign that they had sucking reflexes that are connected with rooting reflex and breastfeeding. There was an episode where Babinski reflex shown: Mari was sitting in her highchair and a family cat playing with baby’s feet. I noticed that Mari had all possible toys to help her to develop mentally and physically, but she also can be seen playing with CDs and cellphones. On the other hand Ponijao was happy to play with sticks, stones beads and a plastic bottle. I saw Bayar unrolling toilet paper and feeling very happy when he finally got to its base, which he immediately put in his mouth (Oral Stage of Sigmund Freud’s Theory). Watching these babies playing with whatever they were considering a toy-sticks, CDs or toilet paper roll, we can identify some developmental achievements such as secondary circular reactions, fine motor skills, reaching and grasping, eye-hand coordination. When Bayar finally unrolled the toilet paper he seemed to be very pleased while Mari throws a tantrum when she fails to put the ring inside the...

Words: 323 - Pages: 2

Premium Essay

Chemical Reaction Papers

...Chemical Reaction A chemical reaction is a change of a substance into a new substance that has a different chemical identity. A chemical reaction occurs with physical effects, like the emission of heat and light, the release of gas, the change in color, or the presents of precipitate. There are several different types of chemical reactions, such as synthesis reaction, decomposition reaction, single displacement reaction, the double displacement reaction, combustion reaction, and the acid-base reaction. In our everyday life we experience many chemical reactions taking place around us. You may not notice them but they are always there. An example of a chemical reactions you would see, hear, feel, or taste in your everyday life would be baking...

Words: 516 - Pages: 3

Free Essay

Reaction Paper in 7 Habits of Highly Effective People

...HANDY-DANDY GUIDE TO WRITING A REACTION PAPER If you were to ask 10 people, "How do I write a Reaction Paper?" you'd probably get 10 different responses. No one seems to know exactly how to do one, yet almost everyone is assigned one at some point in his or her academic career. Here is a guide to what faculty are usually "looking for" in a well-written reaction paper. Remember, however, that every faculty member is different: some will want you to spend more time "analyzing" or "evaluating" the piece, others on giving your personal reactions to it. The best rule of thumb is to ask your faculty member for clarification. You might even consider giving him or her this guideline and asking him or her to revise it to reflect his or her expectations. I. SUMMARY/SYNOPSIS – What are you reacting to? GOAL: Show that you understand the thesis, main ideas, and supporting ideas in the piece you're writing about. Identify all of the "basic information: about the book that you can, including: • the author of the piece, the title of the piece, the title of the book or journal from which it was taken (if relevant), the publisher, and the year of publication; • the topic or subject of the piece—for example, "The Triangle Shirt-Waist Fire" or "Revitalization efforts underway in Roxbury's Codman Square." In other words, tell what the piece is about in a word or a phrase; • the author's purpose or motive for writing the piece—for example, "to expose the dangerous conditions factory workers...

Words: 550 - Pages: 3

Premium Essay

Reaction Paper

...Reaction Paper #2 Gary Stansberry This reaction paper is on the eyewitness account from inside the WTC towers on 9/11. It is an article that gives the stories of three unfortunate people who have been scarred for life on account of the events. They both witnessed the terrorist attacks first hand. The first story is from a man named Jonathan Weinberg, who was working in the building on the day of the attacks. He recounts that he had stayed in his office instead of going into a specific conference room that day, and that saved his life. I could not imagine being a part of that. He described the feeling he felt at that moment as shock. I would have been more than shocked, I would have been terrified beyond belief. The next person was Ashton Lee, and she tells her story from the outside of the building. She says that she was outside, and when the tower was struck she started running for her life, because she thought that the building would crush her if she didn’t get out of the way. I could not imagine the fear of being crushed by a building, on top of everyone screaming. I probably would have run until I collapsed. She said she almost fainted at the thought of death, which I would have to agree with her on that. If I had such a close encounter with death I don’t know if I could handle it. Her account was right next to the towers though, there is another story where a man was a distance away from the tragedy. He states that he saw people jumping from the building. I do not know...

Words: 340 - Pages: 2

Premium Essay

Reaction Paper

...Reaction Paper-Fiction short story The short story has a very interesting storyline that takes place in a seemingly small town that has animals as its population. All the animals come together to watch the criminal mouse be hung for his crime. Some of the animals that play major roles in the story are a large beetle, raccoon, and a praying mantis. The specifics of each animal in the hanging are “A raccoon, wearing the traditional black mask, was the executioner…..A large praying mantis was in charge of the religious end of the ceremonies.” (Barnet, Cain, & Burto, 2010) The animals during the execution had a hard time watching the mouse death. “It was all so touching that a cat, who had brought her child in her mouth, shed several large tears. They rolled down on to the child’s back and he began to squirm and shriek, so that the mother thought that the sight of the hanging had perhaps been too much for him.” (Barnet, Cain, & Burto, 2010) The large beetles were the soldiers because of their armor shells. The raccoons as executioner, because of the black mask the raccoons are made with. A praying mantis had the duty of taking charge of the religious ceremony, since they are “praying” since it is part of their name and is linked to religion. Not knowing what the mouse did criminally, he seemed remorseful. All the animals in the crowd seemed to be happy that the mouse was about to get death. The writer implies that the mouse has done something serious to get death as a penalty...

Words: 760 - Pages: 4

Free Essay

Reaction Paper

...REACTION PAPER The seminar held by group entitled “Lock and Load: Military Nursing” was appealing because it creates awareness unto us regarding this field in nursing. I like the way the group organized the said seminar. The members of the group have their individual task to do as the seminar goes on. The prayer that was led by one of its member made the start of the seminar in good atmosphere. Even the singing of our national anthem was nice. The creativity of the group was shown with the way they arrange and decorated the rooms were the seminar was held. It was simple but very attractive to the eye of the audience. The only thing that I noticed that was quite not good was the seminar wasn’t smooth flowing. There are unwanted interruptions that cause the audience to wait. I commend the speakers for they did their best in leading the said seminar but I noticed that there were quite some time that they’ve forgotten the next thing to do that causes another delay to the continuity of the seminar. But if I will be asked if it was successful or not, for me it is definitely a successful one. The speaker has a good poise and I noticed that the audience really listened well unto what the speaker is saying. I also salute the group for having such a admirable speaker with her experience in the said field, she was able to discuss in a good way the experiences she had and the things we must consider before we decide to enter a certain field of nursing. I was amazed with how dedicated...

Words: 332 - Pages: 2

Premium Essay

Reaction Paper

...Armand Christopher E. Caneja BSM 4 A Reaction Paper: Cebu CFI Community Cooperative Fieldtrip Last March 6, 2013, our group visited a successful cooperative in Palo, Leyte for a short interview. That cooperative was Cebu CFI Community Cooperative which started in Cebu founded and is chaired by Ret. Judge Esperanza F. Garcia. The cooperative started as a closed cooperative for court employees, having 3000 members. They then opened their membership to self-employed people which they classified as the “Community Group” and to the employees of the government. At present, their main office is located in Cebu City and has ten (10) satellite offices in the province of Cebu and one (1) office for each of the listed provinces: Bohol; Southern, Leyte; Negros Oriental; and Siquijor. The cooperative celebrated its 42nd anniversary last March 4, 2012. During the visit, I noticed that the office has this bank-like ambiance; it is fully air-conditioned, there is spacious waiting area with chairs that everyone would be comfortable sitting on and transactions are being done in a very organized manner; this for me is a sign or an evidence that the said organization is indeed successful. I also noticed that most if not all of their employees are Cebuano speaking; this may something to do with cebuano’ and waraynons’ culture when it comes to employment. Also, during the interview, we discovered that Cebu CFI Community Cooperative does not have a problem with delinquency since their method...

Words: 372 - Pages: 2

Free Essay

Reaction Paper

...REACTION PAPER THE MEN WHO CRASHED THE WORLD I. SUMMARY THE FINANCIAL AND stock market meltdown of September-October 2008 is unlike anything that the vast majority of us have seen in our lifetimes.  Americans would have to be old enough to remember 1929 and the onset of the Great Depression to have seen a crisis of this magnitude. People in Japan, it’s true, know all about the “lost decade” after the late 1980s bank crashes – but the late situation is a disaster on a global scale. Great Depression is actually, the outcome of this crisis and is unpredictable. Among other differences, the 1929 stock market crash and subsequent credit crisis led to the Great Depression of the 1930s in part because governments responded with “tight money” policies until too late, an act of suicide which central banks and governments today definitely will not repeat. Quite the contrary, extremely energetic state interventions in Europe and the USA – very much against the recent ideological free-market “run of play” – have halted the fears of a total global banking collapse and the short-term stock market panic. It’s indeed instructive how quickly the entire ideology of “unleashing the free market” and financial deregulation could be thrown aside in order to rescue giant banks that are “too big to fail.” The U.S. Treasury will not only be purchasing (at above-market rates) the “toxic assets” held by these institutions, but pumping hundreds of billions more into them by buying “preferred shares”...

Words: 1442 - Pages: 6

Premium Essay

Reaction Paper

...“Understanding human behavior at work is the single most important requirement for managerial success.” (REACTION PAPER) This statement tells us that in order to achieve managerial success, one must be able understand human behavior at work. Now, the question is, how can such understanding lead to managerial success? Generally, management is defined as getting things done through or with people. From the definition itself, it can be said that people is the main consideration in management. As a matter of fact, not all people behave the same way as you do. This is because of difference in personalities. Personality is the various aspects of a person’s character that makes him or her different from other people. So notably, the main consideration in management is people with different personality. Dealing with people who have different personalities at work is not easy, especially when you have some goals to achieve. Thus, the first thing you must do is to understand how your people act, think, feel, and respond at work. By understanding your people’s behavior, it helps you understand them better and appreciate them more. It allows you to know what drives them and helps you think of them in more positive ways.  If you could understand the psychology of how people act at work, it would be easier for you to collaborate with your people in the organization. Additionally, one of the most common management skills includes human skill, which...

Words: 441 - Pages: 2

Free Essay

Reaction Paper

...Theresa A ANT2410.002 Reaction Paper Chapter 13 In the chapter on Religion I find it hard to believe some of the ideas behind some cultures beliefs, but I think that has a lot to do with the fact I am not very religious and am very much a skeptic. Take for example anthropomorphic supernatural, which are deities in the form of humans, it would seem the "God" of Christianity is a form of anthropomorphic and it is said that they get annoyed if neglected, but in Christianity all bad is done by the devil and all good is done by God and no one with "true faith" would be able to be convinced otherwise. Where I would say that it is neither and it isn’t caused by a supernatural force.   It also says that is some cultures, deceased ancestors can be supernaturals. It amazing what is conveyed to kids without really knowing the basis of their cartoons. For example, I noticed while watching The Lion King and Mulan, which are two children movies, that they portray the ancestors as spirits. In the Lion King the father Mufasa is teaching his cub Simba about his kingdom he says that the gases in the sky are all of his ancestors watching down over him and that one day they will help him lead. In the movie Mulan, where in the Japanese culture ancestor worship is the principal religious activity, she prays to her ancestors for strength and guidance when she goes off to war for her father. I for one have never noticed how much religion is based in children movies before reading this chapter....

Words: 603 - Pages: 3

Free Essay

Reaction Paper

...Reaction Paper The animation film “Frozen” has been the talk of the town since the Christmas season of 2013. And up ‘til now, it is still gaining a wider audience captivating the hearts of many, transcending from generations to generations. I’ve only come to watch Frozen around 2 weeks ago and I thought to myself, “Wow, ako nalang ata ang nilalang na hindi pa nakakapanood nito hahaha” but it’s never too late! I’ve watched it with my sisters and I can’t help but notice how it was made. I kept analyzing the background, the character design, and the movement itself. Let me elucidate my thoughts and insights on this 3D animated film. First, I guess we can’t take the critique out of us MMA individuals for we are already inculcated with theories and have applied our knowledge and skills into concrete work that repetition, it is already natural for us to notice things in animated films people wouldn’t normally notice. I love the character design of Elsa and Anna, two contrasting designs yet with striking similarity all the while making them both stand out in their own respective characters. There was also a great transition in the character growth of the two; I also adored the colours used for each character that evidently manifested all throughout the film. My favourite 3D mind bogglers are the amazing frozen icicles, soft cloud like snow, and the beautiful map design of Arendelle. I must say that the animators of Frozen are superb! The overall theme is perfectly executed. Second...

Words: 688 - Pages: 3

Free Essay

Reaction Paper

...Reaction Paper The whole seminar is the longest yet the best seminar that I have attended. I had a chance to gain knowledge from the two intelligent and beautiful speakers. The first speaker talked about “Self-esteem”. She told us that each of us should build up our self-esteem. I agree to her when she said that high self-esteem is very important for us to achieve our dreams. Through high self-esteem, I will be able to face all the problems, whether they are simple or a worst one. I should trust myself that I can do my goal. Because If I do not believe in myself then who will? There is one thing about the first lady speaker said that really confused me. She said that, “Your self is your best friend.” In my opinion, a best friend is a friend that motivates us, a friend who is always there for us, who believes in our capabilities, and a friend that understands us. God is one of my best friends. My family, classmates, friends, and other people that are very special to me are also my best friends. Somehow, what she have said is somewhat true. I should be a best friend for myself. I should believe, understand, love, and take care of myself like a best friend does. In that way, other people would also do the same. I believe to her that “What you think of yourself is what others think of you too.” What you do and how you treat you self is what others will do to you. The second speaker spoke about “How you present yourself with other people in corporate world.” She is also...

Words: 413 - Pages: 2

Premium Essay

Reaction Paper

...Reaction Paper-Week IV Beverly L. Clanton University of Phoenix Eng/125 Molly Holmes 06/26//09 Reaction Paper-Week IV The nonfiction stories I read for this assignment were “Salvation, by Langston Hughes and Graduation, by Maya Angelou.” In the story “Salvation,” a young sinner, Langston Hughes, is brought to church by his aunt to “find Jesus." Even though Langston felt no connection to Jesus, he felt obligated to pretend, due to his love for his aunt. In our lives, many of our decisions are influenced by the ones close to us because of the love we have for them. We do not want to disappoint our love ones; therefore, occasionally one may defer goals and aspirations in fear of not receiving approval. When Langston Hughes says “So I decided that maybe to save further trouble, I‘d rather lie too, and say that Jesus had come, and get up and be saved.” Having said this, young Langston has apparently overlooked his personal belief to receive an approval of salvation by the congregation. After reading this story, I realized that everyday individuals are faced with hundreds of decisions and choices. Sometimes our consciences conflict with one another and it is hard to make the most beneficial decision. This happens so often that most of the time it will go past unnoticed. Peer pressure is one of the most common of these "bad consciences." Teenagers are the most vulnerable to peer pressure because of their desire to receive approval from their friends. Even in my own...

Words: 886 - Pages: 4

Free Essay

Reaction Paper

...Reaction Paper The documentary “China’s Water Challenges” is about the problems on water that China facing now. The problems they had is that they had more water, less water, dirty water and mud water. The main location of this problem is on the Yellow river. When it rains, the flow on the yellow river is turbulent that causes severe floods on the cities beside the river. When it is now raining, the river has less water and more sediments caused by the erosion of the soil. Drought was also a problem of China because some provinces do not rain often. Wastewater management causes problem to the community as it produces foul smell and contaminate the potable water of the city. China’s government, for me, has done a great job to solve these problems especially on the Yellow river. They relocate the people living on the side of the river to higher places to prevent damages from floods cause by the river. They also formed a committee that will monitor the condition of the whole river. They encourage people to build terraces and plant trees beside the river to prevent soil erosion. Their government is concerned to the well-being of the community. They really did what they are meant to do. The way they deal with the problem is something that we should learn from. We should take the China’s government as an example to take on our problem in water sources here in our country. We should work together to prevent and completely solve our problems...

Words: 259 - Pages: 2

Free Essay

Reaction Paper

...REACTION PAPER “Tsunami” Horrifying! Shocking! Great! Alarming! These are the things I can say about the movie. I had watched so many documentary movies about this matter. At first, I thought this film will be kind boring. But I was proved amiss. As I keep looking on the scenes I get started to like it. Its drama really melts my heart. The adventure is very intense. It’s like watching a horror movie but in fact it is not. You get shouted, shocked, and amazed in every big scene, like when a big cargo ship stuck on the bridge and the man is trying to evade the falling cargo containers from that. Luckily he survived to that enormous challenge. The movie ends with the scene of Hyundai in ruins, but in an atmosphere of hope. Sometimes we need to follow our instincts. We must take a perfect action in making decisions in life. Like of what had happened to the City of Hyundai, many people killed, streets, bridges and buildings were vanished away by the tsunami in just seconds. We must also take salute to those people who are willing to offer their life for the sake of others. I desire that this movie will inform our government. They should construct strong policies concerning about our environment. May they shall take active actions in accomplishing better devices that will greatly help us in warning millions of people if ever there would be some instances that this kind of tragedy will happen to our loving country. Because nobody know when the nature will take revenge upon...

Words: 287 - Pages: 2