CHAPTER 1: INTRODUCTION 1.1 Introduction Financial services firms are in the business of accepting risk. Primary aims of any financial services firm are collect and manage risks on behalf of their customers and make a profit for its shareholders. We may define ‘Risks’ as uncertainties resulting in adverse outcome‚ adverse in relation to planned objective or expectations. In the financial arena‚ enterprise risks can be broadly categorized as credit risk‚ operational risk‚ market risk and
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Allusion An allusion is a figure of speech that makes a reference to‚ or a representation of‚ people‚ places‚ events‚ literary work‚ myths‚ or works of art‚ either directly or by implication. A brief reference‚ explicit or indirect‚ to a person‚ place or event‚ or to another literary work or passage Function The function of allusion depends as well on the author’s intent; a reader may search out parallels to a figure of speech or a passage. Example: In act one of Death of a Salesman Adonis
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Negative effects and impact of drugs on a user and their family Negative effects and impact of drugs on a user and their family Drugs‚ such as heroin‚ cocaine‚ and prescription pain relievers encompass negative effects on users and his or her family members physically and mentally‚ however there are various treatment options for the drug or drugs abused. In 2003‚ 7.1% of Americans aged 12 or older were classified as current substance abusers. Statistically significant increases in the use
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Bullying is characterized by an individual behaving in a certain way to gain power over another person. Norwegian researcher Dan Olweus says bullying occurs when a person is: ’exposed‚ repeatedly and over time‚ to negative actions on the part of one or more other persons’. He says negative actions occur ’when a person intentionally inflicts injury or discomfort upon another person‚ through physical contact‚ through words or in other ways.(Olweus:1999) The Fifth Volume of the Newgate Calendar contains
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Negative interest rates As a result of our current economic situation‚ the bank is contemplating lowering interest rates to a monumental level. They are suggesting we make them negative. This would mean it would cost money to save money; the intention behind this is to stimulate spending within the economy. If businesses are forced to spend more money‚ then aggregate demand shifts to the right as investment‚ one of the components of AD‚ has been increased. Although‚ the interest rate isn’t simply
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situation in which the supply and demand for a good are unaffected when the price of that good or service changes Inelastic demand: Price has a small effect on demand. Inelastic supply: Inferior goods: Goods‚ in which if income elasticity is negative‚ demand falls as real income rises. Law of demand Law of supply Market: Any effective arrangement for bringing buying and sellers together. Supply and demand meet and react in a market. Prices are established and buyers and sellers give signals
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Negative and Positive Freedom – An Introduction Negative freedom The concept of negative freedom centres on freedom from interference. This type of account of freedom is usually put forward in response to the following sort of question: What is the area within which the subject – a person or group of persons – is or should be left to do or be what he is able to do or be‚ without interference by other persons? (Berlin) Or‚ more simply‚ ‘Over what area am I master?’ Theories of negative freedom spell
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pregnancy has been a problem in the United States for years. Although rates have dropped since the 1990’s‚ teen pregnancy rates in the United States are still higher than other western societies (Arai‚ 2009). Teenage pregnancy is accompanied with many negative consequences such as shortened educational experience‚ diminished employment‚ larger family size‚ increased risk of single- parent and poverty (Turner‚ 1990). Teen mothers struggle on a daily basis. In order to help them through their struggle‚ they
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tend to multitask while doing homework by using social media networks‚ listening to music‚ or texting. Parents worry that multitasking is having a negative effect on grades. Are the parents of teenager’s right to believe that multitasking has a negative effect on grades? Multitasking may be able to be done in certain situations but it has a large negative effect on the work that is being done. Although multitasking may give people an emotional fulfillment‚ it can effect performances at ones work or
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Organizing Negative Messages ■ Giving Bad News to Clients and Customers ■ Giving Bad News to Superiors ■ Giving Bad News to Peers and Subordinates CLIENTS AND COSTUMERS The best way to organize a negative message depends on your audience and on the riskiness of the negative information. SYPERIORS Your superior expects you to solve minor problems by yourself. But sometimes‚ solving a problem requires more authority or resources than you have. When you give bad news to a superior‚ also recommend
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