The efficient-market hypothesis emphasizes that arbitrage will rapidly eliminate any profit opportunities and drive market prices back to fair value. Behavioral-finance specialists may concede that there are no easy profits‚ but argue that arbitrage is costly and sometimes slow-working‚ so that deviations from fair value may persist. Sorting out the puzzles will take time‚ but we suggest that financial managers should assume‚ at least as a starting point‚ that there are no free lunches to be
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The existence of Prisons can be traced back to the ancient period. Initially there was a belief that rigorous isolation and custodial measures would reform the offenders. In due course it is being substituted by the modern concept of social defense. Custody‚ care and treatment are the‚ three main functions of a modern prison organization. For over 100 years‚ there was emphasis on custody which‚ it was believed‚ depended on good order and discipline. The notion of prison discipline was to make
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Efficient Fertilizer Use — Fertigation: by Dr. Bill Segars SECTION CONTENTS: • Introduction • Soil Chemistry • Water Quality Concerns • Fertilizers for Injection Into Irrigation • Use Fertigation Properly and According to Regulations • Irrigation Scheduling & Fertigation • Other Important Factors to Consider When Fertigating Fertigation is defined as the application of nutrients using an irrigation system by introducing the nutrients into the water flowing through the system. The first reported
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consumers will gain when manufacturers provide more fuel-efficient cars? Today‚ we have many different kinds of cars to choose. They have different sizes‚ colors‚ prices and models. When we buy an automobile‚ we look for the best auto to satisfy our needs like going to the store. Manufacturers provide more cars to help us in our needs. When manufactures provide more fuel-efficient autos‚ consumers save money‚ gas‚ and time. A fuel-efficient car will help us saved money. I mean think about it the
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How Safe is Safe Case Study 1. As a company‚ would you describe PPI as having an identifiable philosophy of moral values? How do its policies contribute to this philosophy? In some ways PPI’s moral values can be considered distinguished. The reason I say this is because as we know‚ all for profit organizations are obviously out to make money and many will cut corners or sacrifice their future for quick gains. PPI could have very well kept their facility up to code just enough to comply with
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Safe Sex or Protected Sex is a set of practices that became prominent in the late 1980 ’s as a result of the AIDS epidemic (Wikipedia . Safe sex practices are designed to reduce the risk of contracting an infection during sexual intercourse (Wikipedia . Nowadays ‚ due to an increase in risk taking behavior where sexual intercourse is concerned ‚ safe sex practices are used to prevent a number of infections commonly known as Sexually Transmitted Infections (STI ’s ) or Diseases (STD ’s ‚ which
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The Importance of Safe Driving According to the Center for Disease Control‚ motor vehicle crashes are the leading cause of death among people ages 5-34 in the United States.1 In fact‚ between 2000 and 2005‚ 42‚000 people died on our country’s roads and highways.2 Additionally‚ the lifetime costs of crash-related deaths and injuries among drivers and passengers were $70 billion in 2005.3 While all of these are the result of accidents‚ a large percentage of these are accidents that could have been
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“Sound organization structure is an essential prerequisite of efficient management” – Discuss this statement and point out the various principles which should be followed in developing organization structure Introduction Organization is the backbone of management. Without efficient organization‚ no management can perform its functions smoothly. Sound organization contributes greatly to the continuity and success of the enterprise. Once A. Carnegie‚ an American industrialist‚ said‚ “Take away our
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devices leads to heavy consumption of electric power that calls for the adoption of energy efficient appliances. Energy efficiency refers to reduced use of energy in a given service (Dorsi & Krigger‚ 2008). The reduced consumption of energy is as a result of technological advancement as well as from non-technological factors like improved economic conditions. This poses a question: why should we use energy efficient appliances in our different levels of activities? The answer to this question can only
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The Efficient Markets Hypothesis The theory of Efficient Markets Hypothesis (EMH) asserts that (1) stocks are always in equilibrium and (2) it is impossible for an investor to “beat the market” and consistently earn a higher rate of return than is justified by the stock’s risk. Those who believe in the EMH note that there are 100‚000 or so fulltime‚ highly trained‚ professional analysts and traders operating in the market‚ while there are fewer than 3‚000 major stocks. Therefore‚ if each analyst
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