The Role Of Finance And Its Effect On Portfolios, Managing...

BSAD 310: Business Finance Whittier College Radoniqi Summer 2016 Quiz #1 1. Explain the role of finance in society. The common perception is that finance is associated with wealth management – enlarging portfolios, managing portfolio risks and tax liabilities, ensuring that rich grow richer. On the other hand, good society is considered to be the one in which people respect and appreciate each other. From that point of view it seems that finance and good society are like an oxymoron, finance goals are contradicting with those of society. There are conspiracy theories like Pax Morgana that the financial system is guilty for the Great Depression. That theory was revitalized nowadays with the 2008 financial crisis as well. The†¦show more content†¦Illustrate these decisions with examples. Among the most important decisions that a company takes are the following ones: dividend distribution, investment decisions and financing decisions. 2.1. At the end of each year when financial statements are verified by the auditors, the company management is facing the dilemma: what to do with the profit? The dilemma is related with the question whether to please shareholders by giving them large dividends or to keep the money in the company for investment purposes. This decision however does lie exclusively in the hands of the company management. If they decide large dividends, then the funds needed for investments and growth will be reduced significantly. This may jeopardize the company’s competitive position – without investments, the company’s future is always at stake. 2.2. If the company’s shareholders decide to vote small dividends then the management will have more funds for investments. As a rule companies approve those projects that have a positive net present value and the rate of return is higher than the hurdle rate. 2.3. If company profit is not sufficient to cover the investment plans, then the company has to start looking for external financing in order to fulfil its investment program. Financing however may be costly if company results are not good enough to motivate any bank to give a loan. If banks refuse a loan, then the company should try to raise funds on the stockShow MoreRelatedBasic Finance2034 Words   |  9 PagesFinance has a close relationship to a number of other business disciplines. It is important that we understand why a finance major needs these other skills and abilities.   Lets take them one at a time: 1. 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The Rates Of 2007-2009 And The Inflation From 2002-2007

The periods that I researched were the periods between the unemployment rates of 2007-2009 and the inflation from 2002-2007. There were many causes to the inflation in the 2002-2007. Similarly, there were quite a few causes to the unemployment rate of 2007-2009. The business cycle looks like a roller coaster. It begins at a peak, drops to a bottom, climbs steeply, and then reaches another peak. Through a typical business cycle there is an increase in the general price level of goods and services in an economy over a period of time which leads to inflation. There are also decreases in the general price level of goods and services in an economy over a period of time. A peak in the business cycle is a temporary high point. A macro†¦show more content†¦One of the most widely recognized indicators of a recession is higher unemployment rates. According to the National Bureau of Economic Research, â€Å"In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. At the end of the recession, in June 2009, it was 9.5 percent†. Of course unemployment is based on many factors which include those who are without jobs and are actively seeking jobs, but does not include those who are discouraged workers. Many other factors also contribute to who is termed as unemployed civilians. A recession is a downturn in the business cycle during which real GDP declines, business profits fall, the percentage of the workforce without jobs rises, and capacity of production is underutilized. The employment decline experienced between the 2007 and 2009 recession was greater than that of any recession of recent decades. The construction and manufacturing industries seen the largest percentage of declines in employment between 2007 and 2009. During the recent recession financial institutions experienced a 3.9-percent reduction in employment as well. This is very uncommon and has not been seen since the 1990s. Prior to that was 1939. During the recession periods of 2007 and 2009, the private sector experienced a total of 235,000 establishment deaths and 172,000 establishment births resulting in a net decrease of

Merce Cunningham Biography Essay Example For Students

Merce Cunningham Biography Essay In the age of conformity, Merce Cunningham has resisted the temptation to remain aligned with his peers. Cunningham has pioneered a new school of thought in dance, and has set the standard for future pioneers. He is passionate about what he does and it has been evident in his works as a dancer and a choreographer. Cunningham was born on April 16, 1919, in Centralia, Washington. At the age of twelve, Cunningham became interested in dance and started informal instruction. Upon graduation from high school, Cunningham began his formal dance instruction at the Cornish School of Fine and Applied Arts. After two years at the Cornish School, he studied at Mills College and at Bennington College; this is where he was invited to join Martha Grahams dance company in 1939. Graham was an incredible dancer who also choreographed during her career. While dancing for Graham, Cunningham began to make a name for himself in the dancing community. It was with Grahams encouragement that Cunningham started to choreograph on his own. His decision to start choreographing can be looked at as one of the most important decisions in the history of dance. With the encouragement of John Cage, a composer, Cunningham left Martha Grahams Dance Company in 1945 to pursue a fulltime partnership with Cage. The two men would go on to have a very storied career. On the night of April 6, 1944, at the Humphrey Weidman Studio, Cunningham and Cage performed their first solo recital. In attendance that night was acclaimed dance critic, Edwin Denby. When he was actively reviewing, Edwin Denby was this countrys most respected critic of the danceKlosty 215. Cunninghams first performance captured Denby from the very beginning with Cunninghams amazing steps, runs, and knee bends and he described them as brilliant in lightness and speed. Denby was also impressed by Cunninghams gifts as a lyric dancer. Denbys first review of Cunningham helped launch his career forward. Denby ended his review of Cunninghams first solo performance by saying I have never seen a first solo recital that combined such taste, such technical finish, such originality of dance material, and so sure a manner of presentation. Before the 1940s, expressionist was the leading form of modern dance. Cunningham on the other hand, was opposed to this type of dance and started to develop his own unique form of dance. While Graham had usually structured her dances around a certain narrative, Cunningham developed choreography by chance, a technique in which isolated movements are assigned sequence by such random methods as tossing a coinBritannica Online. Cunningham rejected the literary and psychological themes of GrahamEncarta. In 1953, Cunningham began the Merce Cunningham Dance Company at Black Mountain College. Cage became instrumental in the success and future of Cunninghams newly started Dance Company. Cage would help out in all facets of the dance company ranging from program designer to fund raiser. Cunningham and Cage shared the same belief that dance and music can survive independently of one another. This type of thought was completely different from what Cunningham had experienced with Graham. However, in some sense all of their dancing somehow revolved around music in one way or the other. The music Cunningham used in his productions would sometimes be impossible to dance to in the conventional way. John Cage was once quoted as saying: Merce Cunningham developed his own school of dancing and choreography, the continuity of which no longer relies on linear elements, be they narrative or psychological, nor does it rely on a movement towards and away from climax. As in abstract painting, it is assumed that an element a movement, a sound, a change of light is in and of itself expressive; what it communicates is in large part determined by the observer himself. Merce Biography This new style of dance demanded the most out of the dancers in Cunninghams company. .ucf878aef013aac628b33f328d9ab19a4 , .ucf878aef013aac628b33f328d9ab19a4 .postImageUrl , .ucf878aef013aac628b33f328d9ab19a4 .centered-text-area { min-height: 80px; position: relative; } .ucf878aef013aac628b33f328d9ab19a4 , .ucf878aef013aac628b33f328d9ab19a4:hover , .ucf878aef013aac628b33f328d9ab19a4:visited , .ucf878aef013aac628b33f328d9ab19a4:active { border:0!important; } .ucf878aef013aac628b33f328d9ab19a4 .clearfix:after { content: ""; display: table; clear: both; } .ucf878aef013aac628b33f328d9ab19a4 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ucf878aef013aac628b33f328d9ab19a4:active , .ucf878aef013aac628b33f328d9ab19a4:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucf878aef013aac628b33f328d9ab19a4 .centered-text-area { width: 100%; position: relative ; } .ucf878aef013aac628b33f328d9ab19a4 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucf878aef013aac628b33f328d9ab19a4 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucf878aef013aac628b33f328d9ab19a4 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ucf878aef013aac628b33f328d9ab19a4:hover .ctaButton { background-color: #34495E!important; } .ucf878aef013aac628b33f328d9ab19a4 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucf878aef013aac628b33f328d9ab19a4 .ucf878aef013aac628b33f328d9ab19a4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucf878aef013aac628b33f328d9ab19a4:after { content: ""; display: block; clear: both; } READ: Milton Ernest Rauschenberg Biography EssayEverything they knew about traditional dancing had to be forgotten in order to be successful in Cunninghams innovative style. Traditional stage space was even something that Cunningham had abandoned. Since the Renaissance Period, the center of the stage had always been the center of gravityKlosty 12. Klosty compared the stage to a class society where the center of the stage was regal, where the soloist should appear, and the outskirts of the stage were for the leftovers. However, Cunningham refused to use this stage setup in his dances. The best spot on the floor could be anywhere at any given time. Cunninghams use of space relationship has made his dances seem to be overflowing with action. Events in the dance would happen in one corner of the stage only to be followed up by the next main section in the opposite corner of the stage. Other people had not implemented this type of choreography, but the audience embraced this new form with widespread acceptance. However, other individuals in the dancing community were less tolerant to Cunninghams new style. Some saw this change as threatening to their traditional types of dances. One famous dance using Cunninghams choreography by chance' was entitled Suite By Chance Britannica Online. Not only did Suite By Chance use this new style of choreography, it was also the first modern dance to use an electronic score. This dance was the first major dance where almost everything was to put together by chance. Since Suite By Chance was choreographed, Cunningham has used this chance method in every dance he has choreographed. Cunninghams new style of dance embraced an extraordinarily wide spectrum, from natural, everyday actions such as sitting down and walking to virtuosic dance movementsBritannica Online. Dancers were light on their toes allowing them to be free to move around the stage. Phrases were centered around the torso and the back with a greater emphasis on the vertical and less emphasis on the bodys weight and the force of gravityBritannica Online. Using these movements, the phrases tended to consist of swift position changes across the vast space of the stage. After many years of experimenting with this type of dance, Cunningham chose a new direction for his companys future. Cunningham chose to do what he called Events. These were simply parts taken from old and new dances that were put together to create a new dance. The Merce Cunningham Dance Company continues to use Events in their dance performances. After this, Cunningham and his company began to produce videos with their dancing and they also worked in film, producing such titles as Locale, Duets, and Fielding Sixes. Jack Anderson recently wrote a review of Into Terra Incognita With Merce Cunningham, which was performe d by the Merce Cunningham Dance Company at the New York State Theater. Cunningham continues to travel inquisitively across time and space by creating dances for big casts and small Anderson. This performance consisted of a 1995 work called Windows, Sounddance, Occasion Piece. This performance was the only one during the entire season where Windows was performed. During the performance of Windows, it was easy to see the distinctive atmosphere Anderson. It was a very dim atmosphere with a soft score from Emanuel Dimas de Melo. Melo used soft rumblings with chimes to help create a mystifying atmosphere Anderson. During the performance, the dancers used this atmosphere to help them move. Anderson described the dancers as to be moving always with care, but never with fear. It was almost a mystical journey to which the dancers were traveling. Each step took them farther into some strange terrain Anderson. Cunningham has been honored with many awards during his storied career as a dancer and as a choreographer. In September of 1990, at a ceremony at the White House, President Bush honored Cunningham by presenting him with the National Medal of Arts. .u447b52f06c2eb601db43f92f6370174f , .u447b52f06c2eb601db43f92f6370174f .postImageUrl , .u447b52f06c2eb601db43f92f6370174f .centered-text-area { min-height: 80px; position: relative; } .u447b52f06c2eb601db43f92f6370174f , .u447b52f06c2eb601db43f92f6370174f:hover , .u447b52f06c2eb601db43f92f6370174f:visited , .u447b52f06c2eb601db43f92f6370174f:active { border:0!important; } .u447b52f06c2eb601db43f92f6370174f .clearfix:after { content: ""; display: table; clear: both; } .u447b52f06c2eb601db43f92f6370174f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u447b52f06c2eb601db43f92f6370174f:active , .u447b52f06c2eb601db43f92f6370174f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u447b52f06c2eb601db43f92f6370174f .centered-text-area { width: 100%; position: relative ; } .u447b52f06c2eb601db43f92f6370174f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u447b52f06c2eb601db43f92f6370174f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u447b52f06c2eb601db43f92f6370174f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u447b52f06c2eb601db43f92f6370174f:hover .ctaButton { background-color: #34495E!important; } .u447b52f06c2eb601db43f92f6370174f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u447b52f06c2eb601db43f92f6370174f .u447b52f06c2eb601db43f92f6370174f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u447b52f06c2eb601db43f92f6370174f:after { content: ""; display: block; clear: both; } READ: Modern Dance EssayVarious groups and countries around the world have honored Cunningham for his contributions to the arts. At eighty years old, Merce Cunningham continues to be on the pioneering edge of dance. His innovative techniques continue to astound audiences around the world with his creativity and expertise. In every time period throughout history, there has always been a select few who have changed the times. Whether it is Abraham Lincoln, Albert Einstein, or Merce Cunningham, society will always be indebted to these individuals for the contributions they have made in various aspects our lives.