Risks associated with acts of God Essay Example for Free

Risks associated with acts of God Essay There are various approaches that can be used in assigning probabilities of acts of God. This includes drawing of risk impact/probability chart which helps the risk manager to decide which type of risks requires more attention. Scientific approach can also be used in assigning probabilities of acts of God. Scientific approach is an appropriate approach in managing risks and making decisions under conditions of uncertainty such as acts of God. Risk managers can also use lay people response to occurrence and probability of risks as a result of acts of God (Attar, 2010). As a risk manager, I prefer using risk impact/probability chart because it demonstrates both the probabilities of the risk occurring which ranges from anywhere just above 0% and below 100%. The probability of risks associated with acts of God is also expressed. Additionally, the impact as a result of the risk is shown. The approach that cannot be used in assigning probabilities to acts of God is use of lay people response; this is because it is biased, unscientific and ill-informed approach. Part 2 . The source of valid data for estimating chances of a single act of God is history records that are already kept showing the frequency in which the events occurred in the past. From these records, the risk manager is able to estimate the chances of an act of God occurring in the present. According to the concept of conditional probability, it argues that the probability of an event or outcome occurring is mainly based on the occurrence of a previous event or outcome. In risk management, conditional probabilities are mainly contingent on a previous result. In the exposure of due intelligence, I will apply the concept of conditional probability by multiplying the probability of the preceding event by the updated probability of the succeeding event. References Attar, H. (2010). The Scientific Approaches to Risk and Risk Management: A Critical Review. Retrieved August 16 from http://scialert.net/fulltext/?doi=tasr.2011.386.393org=10

Musings Essay -- Personal Narrative Creative Writing Essays

Musings How strange the things that reach in and touch the heart. Sometimes the tears spring unbidden from some deep and secret place in my soul. And anguish sweeps across me just as the breeze sweeps across the desolate prairie. I don't know from where these feelings come. I only understand how powerful and consuming they are. And yet somehow out of this comes renewal. A reaffirming that even through all of my faults and all of my imperfections, I still care. I still love. And through this realization the tenderness that lives within is reborn if only for a little while longer. Such started the morning in which I looked into the mirror to see this young man whom I didn't really know. His blue eyes staring back at me. A body, a man, a shy secluded young man with a scar on his left eyebrow. "This morning I roused from a fitful sleep. I went into the bathroom to brush my teeth, always the first ritual of the morning. I stood there brushing away and glanced up at the man staring back at me as though he didn't know who I was. The moment was very disconcerting. The glance slowly lengthened into an incredibly intense stare." Finally, to break the unbearable silence that hung uncomfortably between, words seemed to tumble from my lips. "Who are you? What has made you who you are?" I decided that maybe I needed to examine these questions and the questioner as well. What are the burdens that weigh upon you? Where are the scars of the battles you've fought? Which ones did you win and which ones were lost? Do you realize that the very question is faulty? All battles that you fight are won, not singularly because of the experience you gain from them, but also because you chose to take on the obstacle, to tackle the problem and... ...nd the moon, full and beautiful, stares down at me with its silvery gaze. It winks as the misty clouds pass infront of it. Do you see it, my love? I want you. I need you. I have so many things I want to share. As I sit here on my bed, I can imagine the twinkling smile in your eyes. I can already see your beautiful smile and it comforts me. My life isn't empty, quite the opposite in fact, but it lacks a special and arguably integral component. How precious it must be to see your own soul reflected back at you in someone else's eyes. What does fate have in store for me? As I ask this question, the realization comes to me that perhaps I should not have the answer. Maybe the more important realization is that you should not put your expectations on what life ought to be, but rather allow it to flow naturally to you and appreciate it for the surprises it brings.

Impulse to Create Art Essay

This paper will provide a brief explanation on why humans have a great tendency to be creative and impulsive in creating art. This presumption will be based on the readings that have been used for class. Although not greatly thorough in it is depth and breadth in its analysis, Raymond Carver’s Cathedral and Emily Dickinson’s I died for Beauty are but an infinitesimal example on how humans have always had great capabilities in creating whatever it is they put their minds into. The Possibilities of Change and Creation: An Essay on the Human’s Impulse to Create Art To Live. That is one of Man’s most basic instinct. This is so intrinsic that one of the last taboos of the modern world is the acceptance of self-annihilation. Robert, the main protagonist in Carver’s Cathedral is more than just an ignorant man, he is the kind that couldn’t even bear to name the blind man who was his house guest. Compare him to the speaker in Dickinson’s I Died for Beauty, who has â€Å"scarcely adjusted herself† when she befriends the man who had died for truth. These two very dead people are more alive than the whiskey-sipping Robert. But there is the inevitable change, of the possibility of change: â€Å"I dwell in Possibility– /A fairer House than Prose– /More numerous of Windows– /Superior–for Doors—† (Dickinson, 1886, p. 926). It is this possibility, this impulse of life that makes us different from the written lives that we are constantly made to read. Give any child a pen and a paper, regardless of its ability to write, it will surely know as if by instinct that the pen is used to create something on paper. This same child with its impulse to throw or to taste plastic blocks will also surely put one block on top of the other, to form something even a shape crooked and unstable. It is a genetic imprint in us, and will remain in us as long as we live—because, that possibility exists. Moreover, as Dickinson had equated Truth and Beauty, those two noble purposes of artistic creation – this is Man surpassing time and death. To create is to leave a testament to our existence that we are reading the words of long-dead people attest to the supremacy of creation over time and death. Robert, dead-like in his ignorance and inarticulacy, and the other man, blind but seeing the possibilities of life—together these two men who are temporarily brought together by death (the blind man’s wife) are drawn to create a Cathedral. The cathedral, that massive structure of faith, stone and of the ego that Robert is unable to describe to the man but with whom now he is able to draw with – that pen and paper drawing of that idea: â€Å"So we kept on with it. His fingers rode my fingers as my hand went over the paper. It was like nothing else in my life up to now† (Carver, 1984, p. 455). For until that time that we could do something on our own, even if it is riding our own bike or making our first lopsided ashtray, we are but half-alive. We to have these cathedrals in our minds, and as long as the moss has not covered our lips, â€Å"The spreading wide my narrow Hands/To gather Paradise—† (Carver, 1984, p. 455), we too are free to the possibilities of life. And with life is creation—with small fidgety fingers, we can still tap that subway tune or doodle in Chemistry class. We can still look at the sky with flight in our minds. It is life. References Carver, R. (1984). Cathedral. Ed. R. DiYanni. Literature, Reading Fiction, Poetry, And Drama. New York: McGraw-Hill, 2007. (p. 455) Dickinson, E. (1886). I Died For Beauty. Ed. R. DiYanni. Literature, Reading Fiction, Poetry, And Drama. New York: McGraw-Hill, 2007. (p. 926)

College Is Exensive Essay

With a college degree being as needed as it is, it is incredibly expensive to get one. Studies show that many high school graduates that do attend college, attend that following year bringing the colleges plenty of money. After doing some math, the numbers suggest that in general most colleges are bringing in plenty of extra money with an average 5. 3 million dollars of profit. This is something that majorly hurts students financially who are just trying to get a college degree, which will be in turn used to essentially get themselves a well-paying career so they can pay back what they spent to  get their college degree in the first place. Living in today’s society, graduating from high school is simply not enough. Many employers will no longer look for just a high school diploma when considering hiring somebody, but they instead look for a college degree. A college education is almost as necessary for today’s youth as having a place to live, especially because it’s incredibly difficult for many people to afford a home without the financial stability that comes with a job provided by a college education. Our society is extremely dependent on colleges; but, are we in some way harming ourselves by sacrificing huge portions of our annual income to these institutions? Colleges may be too expensive to call for every high school graduate in the United States attending one. In a study by the U. S. Bureau of Labor Statistics, it was found that 66 percent, or two of every three high school graduates attend college right out of high school (â€Å"College,† 2014). We estimate that for the 2013-2014 school year there will be 3. 3 million high school graduates (â€Å"What,† n. d. ) , and we know that about. 2,178,000 or two-thirds of the graduates will go on to attend college right away. Now taking an average cost of college at about $20,000 (â€Å"What’s,† n. d. ), we find that colleges across the U. S. bring in around an estimated total of $44,425,000,000 per year. That’s 44. 4 billion dollars towards U. S. colleges every year from the students alone. When we consider that there is a rough 6,700 colleges in the U. S. , it can be reasoned that, if every college received the same amount of money, the average income per college per year would be about $6,600,000. Now consider the fact that an average college can be kept  running on around $1,300,000 (Agron, 2009) (this price varies between colleges, given a more prestigious college will use more money to pay for better teachers and academic opportunities). This means that on average, colleges gain an annual profit of around $5,300,000 per year. College is extremely expensive, and the amount of money that they seem to keep each year is far too much. We don’t just pay only for our education when we pay for college, but also to the board members most likely using the extra money brought in for comfort, providing a nicer lifestyle for themselves. While I do understand that colleges  need to bring in large amounts of money to stay in the black, I do not support the need to charge the incredibly costly amounts that they do. References Agron, J. (2009, April 1). 38th Annual Maintenance & Operations Cost Study for Colleges. Retrieved March 10, 2015, from http://asumag. com/Maintenance/university-maintenance- operations-cost-study- 200904? page=15 College Enrollment and Work Activity of 2013 High School Graduates. (2014, April 22). Retrieved March 10, 2015, from http://www. bls. gov/news. release/hsgec. nr0. htm What are the new Back to School statistics for 2014? (n. d. ). Retrieved March 10, 2015, from http://nces. ed. gov/fastfacts/display. asp? id=372 What’s the Price Tag for a College Education? (n. d. ). Retrieved March 10, 2015, from https://www. collegedata. com/cs/content/content_payarticle_tmpl. jhtml? articleId 10064.

buy custom Entrepreneurial Finance essay

buy custom Entrepreneurial Finance essay Venture Capitalists Venture capital is a fund or a capital pool that is established to make early to late stage types of investments in private equities. Venture capitalists in most circumstances invest in small private entrepreneurships with the hope of capital gains after such activities as Initial Public Offerings (Metrick Yasuda 2007, p. 430). Such exit outcomes or acquisitions in most instances happen within three to five years after the investors initial investment. In such situations, the venture capitalists pay comes from the initial investments as well as any profits that the company makes. The profits are therefore split between the given company and the investor. A business venture is a high-risk investment since it happens at an early stage of a business. Venture capital management is carried out by companies with great expertise in the given sector. Venture capitalists act as a great source of funding. In addition, they help manage and develop small companies (ed. Landstrom 2007, p. 70). However, there exists a great deal of risks associated with these types of ventures. Therefore, it is crucial that the venture capitalist adopts mechanisms that can mitigate the expected risks. Mitigation of such risks increases the chances of greater capital returns from the business. This paper intends to explore the risks and possible mechanisms available to venture capitalists for eliminating the risks. Risk and Risk Mitigation Mechanisms used by the Venture Capitalists A person who decides to make an investments in the venture capital often faces several risks. However, it is important that the lender understands possible risks and analyses the available risk mitigation mechanisms. The probable risks form the following list. Risks of the Unknown When choosing a business to invest in, both hi-tech and low-tech options are considered. However, most argue that for the former, understanding of the given product or service qualifies is requied for one to make an investment in such a business. However, ed. Cumming (2010, p. 110) posits that most ventures take a lot of time to become successful and great ideas. The biggest challenge of a venture implementation is in the details as well as execution. For example, an individual with an e-commerce background may find it difficult to make an investment in a devices used for orthopaedics. Such decision may require the e-commerce investor to spend much time in trying to find out the right amount of field trials needed before pitching the venture to the right acquirer. For example, a firms such as Andreessen Horowitz dealing with the line of consumer products as well as services in the United States is a good example of a successful venture in 2014. To achieve such success, the organisati on had to mitigate several risks such as the fear of the unknown. To mitigate such risk, the venture capitalist may only invest in the areas where the venture managers, as well as the fund managers, have reasonable knowledge. In such cases, if the investor has interest in funding and supporting an idea where the funding management has little or no expertise, the fund management team should consider appointing an advisor (Malerba et al. 2015, p. 140). It should be an individual who is equipped with the needed skills and willing to work closely with the investment team. Risk of Running Out of Cash Before getting the right funding, most ventures are in a bootstrapping mode. The spending in such ventures is conservative, and the prediction of expected revenue is optimistic. If an idea of such a business spreads virally, it works. To mitigate a risk of the lack of cash, the venture capitalist should assess how much money is needed according to the most rational forecast. According to Tobin Parker (2009, p. 130), to achieve this aim, the outflow is multiplied by 1.5 and the cash inflows - by 0.5. The company that is suitable for funding is the one with at least a 20% more than the number one arrives at. Essentially, a start-up organisation requires at least 18 months runway. In addition, the venture capitalist can make a syndicate with an individual who can oversee the follow-up of the investment. The Risk of Competition Any venture entering the market has to guarantee profits for its investors and thus outdo the competitors successfully. There are not many fields with barriers to entry, but an example of such sphere may be technology. As such, such kinds of markets and ventures become more attractive for investors as compared to obvious and average products. The technological development in a successful organisation may act as the tool for increasing its competitiveness (eds Lee, Lee Lee 2010, p.767). An example of a successful venture capitalist is Steve Anderson, who decided to invest in Instagram before other bigger venture capitalists, and the decision paid off well with Facebook bought the company. Such an investor had made an assessment of the risk of competition and by investing had mitigated the risk. To mitigate this risk, venture capitalists have a duty of identifying such ventures. In addition, investors can promote and fund technological developments of such businesses. Through applying such mechanisms and increasing competitive edge, the organisation becomes protected from competition. Moreover, most venture capitalists prefer to fund organisations with better quality of science. Due to the risks associated with the competition, venture capitalists at times decide to fund the venture in stages. More investment depends on passing a given milestone (Metrick Yasuda 2007, p. 430). Entrepreneurial Environment and Implementation Risk Venture capitalists have greater interest in companies situated in a favourable entrepreneurial environment. Favourable entrepreneurial environment has a sufficient number of companies with similar products, hence there is a large pool of talent. When there are several small similar companies in the same area, the CEOs can have sessions for sharing ideas and developing given solutions. Such environment also may support a large number of attorneys as well as accountants who are familiar with the venture. Buy custom Entrepreneurial Finance essay

The Cell - Prokaryotic and Eukaryotic Cells

The Cell - Prokaryotic and Eukaryotic Cells What Are Cells? Life is both wonderful and majestic. Yet for all of its majesty, all organisms are composed of the fundamental unit of life, the cell. The cell is the simplest unit of matter that is alive. From the unicellular bacteria to multicellular animals, the cell is one of the basic organizational principles of biology. Lets look at some of the components of this basic organizer of living organisms. Eukaryotic Cells and Prokaryotic Cells There are two primary types of cells: eukaryotic cells and prokaryotic cells. Eukaryotic cells are called so because they have a true nucleus. The nucleus, which houses DNA, is contained within a membrane and separated from other cellular structures. Prokaryotic cells, however, have no true nucleus. DNA in a prokaryotic cell is not separated from the rest of the cell but coiled up in a region called the nucleoid. Classification As organized in the Three Domain System, prokaryotes include archaeans and bacteria. Eukaryotes include animals, plants, fungi and protists (ex. algae). Typically, eukaryotic cells are more complex and much larger than prokaryotic cells. On average, prokaryotic cells are about 10 times smaller in diameter than eukaryotic cells. Cell Reproduction Eukaryotes grow and reproduce through a process called mitosis. In organisms that also reproduce sexually, the reproductive cells are produced by a type of cell division called meiosis. Most prokaryotes reproduce asexually and some through a process called binary fission. During binary fission, the single DNA molecule replicates and the original cell is divided into two identical daughter cells. Some eukaryotic organisms also reproduce asexually through processes such as budding, regeneration, and parthenogenesis. Cellular Respiration Both eukaryotic and prokaryotic organisms get the energy they need to grow and maintain normal cellular function through cellular respiration. Cellular respiration has three main stages: glycolysis, the citric acid cycle, and electron transport. In eukaryotes, most cellular respiration reactions take place within the mitochondria. In prokaryotes, they occur in the cytoplasm and/or within the cell membrane. Comparing Eukaryotic and Prokaryotic Cells There are also many distinctions between eukaryotic and prokaryotic cell structures. The following table compares the cell organelles and structures found in a typical prokaryotic cell to those found in a typical animal eukaryotic cell. Cell Structure Prokaryotic Cell Typical Animal Eukaryotic Cell Cell Membrane Yes Yes Cell Wall Yes No Centrioles No Yes Chromosomes One long DNA strand Many Cilia or Flagella Yes, simple Yes, complex Endoplasmic Reticulum No Yes (some exceptions) Golgi Complex No Yes Lysosomes No Common Mitochondria No Yes Nucleus No Yes Peroxisomes No Common Ribosomes Yes Yes Eukaryotic and Prokaryotic Cell Structures

Research Paper on the History of the United States Navy Essay

Research Paper on the History of the United States Navy - Essay Example Thus, it can be said that the US navy does not have any specific origin, but it rather came in to being because of the requirements and political progressions of that time. In the eighteenth century, US navy used the fleet of the ship-of-line in their wars. These ships were beautifully designed keeping in mind all the important aspects of the needs and requirements of the war time. Three vast masts were incorporated in these ships, which towered 200 feet above the surface level of the sea. These ships basically worked on the propulsion of the winds, and they therefore were totally not dependent upon the energy. The ships were easy and comfortable enough to be lived in as long as possible. In the 19th century, when Japan started creating its own ships and battle cruises, the US naval forces started working on the building of new fleet of ships. Every war made the US navy stronger comparatively. Exercise and hardships made the US stand against all the naval forces of the world. In the present time, the US navy is considered to be the best among all the naval forces of the world (Howarth 229). The history of the US navy basically started from 1775 when the war between Lexington and Concord took place. A fleet under the leadership of Captain Abraham Whipple overtook and captured the British tender located in Narragansett Bay. Meanwhile, Congress was recommended to build a Continental Navy to fight against these actions. Washington’s navy, was asked by George Washington to attack the British ships by using Hannah in the action. In response to this action, Continental navy came into existence in the same year. Silas Deane, Christopher Gadsden and John Langdon were the supervisors of this work (Howarth 57). The first action of the Continental navy took place in 1776. The Continental Navy could not survive because its discovery was considered as the worst