Btec Level 3 in Business, Unit 1 the Business Environment

Task 1 Describe the type of business, purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes on in the business and has to do a lot of work. The owner also receives all the profit and is able to make decisions on their own. The owner has full control over the business. Hair dressers, small independent shops and book keepers are†¦show more content†¦What attracts most people to an LLC is the limited liability for the actions and debts of the franchise. Co-operatives A cooperative is owned by the people who work for it. Employee’s buy a share in the organisation and have a vote in making decisions. Members receive a share of the profits in the form of a dividend, when they leave they can take their funds back. They believe that those who do the work should get the rewards. A co-operative has limited liability. Examples of co-operatives are The Co-operative and Best western hotels. If the business fails that all the members lose the money they used to buy their share but nothing else Government Departments and Agencies Owned by the government and funded by taxes A government department is led by a government minister, usually a cabinet member. Has a considerable amount of freedom in the running of the business, but is owned and accountable to the government. A customs and Revenue office are a government department, but has agencies that run under them with a smaller degree of control. For examples the Tax credits agency. The business purpose is to provide the service in a cost effect efficient way and not to make profit. Owners need to be concerned that they are run efficiently, as if there are problems with how they work and deal with customers it may make the publicShow MoreRelatedBtec Level 3 Diploma Unit 1: the Business Environment2118 Words   |  9 Pages|Assignment title: |Business Environment | | |The purpose of this assignment is to: | |Allow you to demonstrate your understanding of a range of business organisations and the factors which impact the operations of these businesses in| |the contemporary world. Read MoreAssignment for Pgd1041 Words   |  5 PagesLondon Coursework Assessment Feedback (Final Submission) Course Details Course Name Unit number Unit Name Credit Value Lecturer Hand Out Date Hand In Date 11/03/2011 BTEC Advanced Professional Diploma in Strategic Management Leadership (Level7) 9 Managing Corporate Responsibility In The Wider Business Environment 10 A.Ismail ï‚ · This assignment must be completed by all the candidates undertaking Edexcel BTEC Level-7 Advanced Professional Diploma in Management. Reasonable consideration will be givenRead MoreUnit 14 Working with and Leading People1161 Words   |  5 PagesUNIT 14: WORKING WITH AND LEADING PEOPLE Unit 14: Unit code: QCF level: Credit value: Aim Working with and Leading People M/601/0908 5 15 credits The aim of this unit is to develop the skills and knowledge needed for working with and leading others, through understanding the importance of recruiting the right people for the job. Unit abstract An organisation’s success depends very much on the people working in it, and recruiting the right people is a key factor. Organisations withRead MoreStrategic Planning Assignment1403 Words   |  6 Pagesu South Thames College BTEC Level 7 Extended Diploma in Strategic Management and Leadership Assignment Submission Document Please attach to work submitted | | | | |Student Name: |Student ID: |Course Code: | Read MoreStrategic Change Management1080 Words   |  5 PagesUnit 1 Business Environment Assessment Activity Front Sheet This front sheet must be completed by the learner (where appropriate) and included with the work submitted for assessment. Learner Name Date Issued Hand in Date Assessor Name Submitted on Qualification Level 4 Edexcel BTEC Higher National in Business (QCF) Unit 1 Business Environment – 15 credits Assignment 1 will give learners the opportunity to achieve: Learning Outcome 1 – understand the organisational purposes of businesses LearningRead MoreUnit 38 Business and Economic Environment4792 Words   |  20 PagesUnit 38: Unit code: QCF Level 3: Credit value: Business and the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policyRead MoreEssay on Identify the Purposes of Different Types of Organisations.1685 Words   |  7 PagesAssessment Brief Unit Details: Unit Code: Business Environment (Unit 1) Programme Name: BTEC Higher National Diploma (HND) in Business Awarding body: Edexcel Unit Level (QCF): QCF-4 Academic term: May 2013 Assessment Brief Unit Details: Unit Code: Business Environment (Unit 1) Programme Name: BTEC Higher National Diploma (HND) in Business Awarding body: Edexcel Unit Level (QCF): QCF-4 Academic term: May 2013 Course Details | Course Name | BTEC Higher NationalRead MoreEssay about 189977 Unit 33 Small Business Enterprise Sept 2014 2 1 1634 Words   |  7 Pages1 Regent College Higher Education Assignment front sheet Qualification Unit number and title Pearson BTEC Level 5 HND Diploma Business Unit 33: Small Business Enterprise Student name Assessor name Emmanuel Wanki Date issued Completion date 13th October 2014 30th January 2015 Assignment title Small Business Enterprise Learnin g Outcom e LO1 Learning outcome Be able to investigate the performance of a selected small business enterprise Assessme nt Criteria LO2 produce a profileRead Morehnt travel tourism3075 Words   |  13 PagesBTEC National Level 3 Travel and Tourism 2010 13 Unit 13: Tour Operations Unit 13 Tour Operations Unit 13 Overview 10 Credits Tour operators play a very important role in travel and tourism, by arranging the package holidays that are such an important feature of life in the 21st century. Tour operators are at the forefront of today’s travel and tourism sector, seeking out new destinations and holiday experiences to satisfy the ever-changing needs and expectations of travellersRead MoreBusiness: Marketing and Promotional Campaign1596 Words   |  7 Pagesï » ¿ BTEC Level 3 National in Business Unit 9: Creative Product Promotion Unit code: Y/502/5425 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Start Date: 11th January 2012 Interim Date: 7th February 2012 Finish Date: 5th April 2012 Teacher: Mrs C Hamps Student Name: Grading Criteria To achieve a pass grade the evidence must show that the learner is able to: To achieve

Essay on The Odyssey Disguise To Find True Identity

The Odyssey Disguise To Find True Identity Disguise To Find True Identity The Odyssey is an epic that shapes and defines the roles of many great leaders. These leaders are made up of mortals, alive and dead, and immortals. The trip taken by Odysseus is not only a journey of a war hero back to his homeland, but is a journey in all of the characters lives, which develop a better sense of personal identity and selfhood as the epic goes on. It is the many disguises that each character uses that uncover their true identities from their experiences. The revelations of each characters identity are what teach the lessons that Homer is trying to portray to his audience, and what lead to each character’s success in their personal journey.†¦show more content†¦Homer effectively uses the content and style of the speeches at the assembly to reveal the types and natures of the characters. Encouraged by Athena, Telemakhos takes the speaker’s staff and demonstrates that he is quickly becoming a man capable of speaking up to the suitors. Athenaâ €™s next identity disguise comes as Mentor and then Telemakhos to prepare and aid his journey to find information on his father’s whereabouts. As Athena leaves Pylos, Telemakhos’ first stop, in the form of a hawk, Nestor reassures Telemakhos of his bright future when he says, â€Å"My dear child, I can have no fears for you, no doubt about your conduct or your heart, if, at your age, the gods are your companions.† (III, 407-409) Here, Homer shows Telemakhos’ eventual identity through his maturation. Athena eventually uses her disguised identities to help Odysseus get back to his kingdom in Ithaka. Disguised as a young peasant, she leads Odysseus to the palace of Alkinoos and Arete on the island of Phaiakia and tells him to win Arete’s favor to receive help. She then disguises herself as Alkinoos’ herald, Pontinoos, to arrange his next crew to escort him home. Homer makes it quite clear that help from the gods,Show MoreRelatedEssay about Use of Disguise in Homers Odyssey1056 Words   |  5 PagesThe Use of Disguise in Odyssey       In Homers Odyssey, the use of disguise to help convey a false identity assists the characters in accomplishing their plans.   Without the use of disguise it would thwart Odyssey’s attempts at arriving back to his homeland. Each disguise has its own individual purpose, for example Athenes image as Mentor to advise Telemachos.   The main intention being to assist and encourage Telemachos into searching for news of his long lost father without revealingRead More Disguises in Homers Odyssey Essay954 Words   |  4 PagesDisguises in Homers Odyssey   Ã‚  Ã‚  Ã‚   In Homers Odyssey, disguises help convey a false identity that assist the characters in accomplishing their plans.   Each disguise has its own purpose, such as Athenes image as Mentor to advise Telemachos.   Her purpose was to assist and encourage Telemachos into searching news of his long lost father without revealing her true identity of divinity.   Being old and wise, and especially male, helps put more power behind the words spoken by Mentor because menRead MoreMetamorphosis In Homers The Metamorphosis979 Words   |  4 Pagesexperienced in the form of disguises, which can be used to serve many different purposes. (Discussion) This idea of metamorphosis is an important aspect of identity in mythological texts. (Thesis) In the Odyssey, Homer uses metamorphosis on the character Athena to help her fulfill her role as a mentor. Ovid’s The Metamorphoses also uses metamorphosis of the characters Io and Callisto to insure their identity as Jupiter’s mistresses. (Essay Map) First, in Homer’s The Odyssey, metamorphosis is usedRead More Use of Disguises in Homers Odyssey Essay986 Words   |  4 PagesUse of Disguises in Odyssey      Ã‚  Ã‚  Ã‚   The characters use of disguises in Homers Odyssey is a crucial element that helps to catalyze the victory of good over evil.   Each disguise is unique, created for a specific purpose.   Before she talks to Telemachos, Athena disguises herself as a wise old man in order to ensure that her words carry weight and are taken seriously.   She knows that she must assist and encourage Telemachos into searching for his long lost father without revealing her divineRead MoreHospitality As A Code Of Conduct1074 Words   |  5 Pagesstranger may have been a God in disguise checking up on mortals. The people did not want to risk incurring the wrath of a God disguised as a stranger, so they believed they should be hospitable to any guests that came to their villages. If one were not hospitable, it was believed that there would be serious consequences. Homeric epics are the best sources to find the custom of xenia. The Odyssey includes many instances in which xenia is both fo llowed and ignored. In The Odyssey we see the custom of xeniaRead MoreThe Odyssey, By Homer990 Words   |  4 Pages The Odyssey, written by Homer, is an epic poem that follows the victorious footsteps of Odysseus, a Greek hero, as he begins his journey to return home to Ithaca. The poem takes place between 750 and 650 B.C. in Greece, shortly after the Trojan War between the city of Troy and King of Sparta. Athena, daughter of Zeus and the goddess of wisdom, is a character that appears in disguise throughout the whole story. She controls when to disguise herself and when to make herself known; essentially havingRead MoreThe Odyssey By Homer1337 Words   |  6 PagesTaylor Michael CLAS342 Paper #2 November 28, 2014 The Odyssey is a work by Homer, written to take place ten years after the fall of Troy. In the Iliad Odysseus was not a crucial character, but this particular text follows him around and details his experience after the war. To give some background, He has yet to return to Ithaca in the beginning of the text, away from his wife now for the duration of the battles as well as these ten years following. While he was gone, his palace was overthrown byRead MoreEssay on The Importance of Identity in Homers Odyssey1433 Words   |  6 PagesThe Importance of Identity in Homers Odyssey Within the epic poem The Odyssey, Homer presents the story of Odysseuss quest to find his home and his identity. According to Homers account, with its origin in oral tradition, the two quests are interchangeable, as a mortal defines himself with his home, his geographic origin, his ancestors, his offspring, etc. But in addition to this Homer illustrates the other aspect of human identity, shaped by the individual and his actions so that he mayRead MoreThe Odyssey Of A Blind Minstrel978 Words   |  4 Pagesthere are, highly believed assumptions about his life before writing and brief summaries explaining two of his greatest poems, The Iliad and Odyssey. Greeks have used writing ever since 1400 BC, but it was wasn’t until 8th century BC that their work was written down. Written work of the Greeks began with the magnificent epics of Homer, The Iliad and the Odyssey. Homer was born in the Ionian region of Asia Minor, at Smyrna, also called the Island of Chios around 12th and 8th centuries BC. Legend hasRead MoreEric Moore. Mr. Howell. World Literature Final Draft .1742 Words   |  7 PagesEric Moore Mr. Howell World Literature Final Draft 30 March 2017 Themes and Symbolism in The Odyssey In each story, the themes and symbols in them can bring a diverse look on the way the story is interpreted and told. The Odyssey was written by the poet Homer dating all the back to the 8th century. In the Greek epic poem, Homer tells the story of the main character Odysseus’ journey home from the Trojan War. Many themes relating to the human condition are prevalent in the various adventures faced

How to Develop Self Confidence Free Essays

How to Develop Self Confidence By andre7514, eHow Member boosting self confidence. User-Submitted Article Do you wanna develop more confidence? Do you wanna be comfortable with life and people? Read this article for great tips on how to be confident and become a pro at confidence. Difficulty: Moderately Easy Instructions Things You’ll Need: New Clothes Haircut Smile 1. We will write a custom essay sample on How to Develop Self Confidence or any similar topic only for you Order Now 1 increasing self confidence everyday! Being able to become self confident can take you many places.Learn to fake a smile every time you are around people, even if you don’t feel you need to. This will show people that you interested and a friendly person. . 2 wearing clothes. Keep yourself looking good, whether its making your hair look good, buying a new outfit, getting new shoes, or etc. 3. 3 build self confidence. Always, look straight ahead and do not look down, don’t look around feeling self conscious of what everyone thinks. Think positive thoughts about yourself. 4. 4 confidence and self esteem. Pretend that you know the people that you meet. You can fake it until you make it! Give the impression that you are very social and love to meet people. Give the impression to people that you are a great person to be around, wherever you go. Get out there and show people how great and confident you are! www. lumosity. com Ads by Google Tips ; Warnings †¢Learn to fake a smile daily. †¢Always keep your image beautiful and updated. †¢Always look straight and think positive thoughts. Read more: How to Develop Self Confidence | eHow. com http://www. ehow. com/how_2254894_develop-self-confidence. html#ixzz16t1v2O14 How to Increase Self Confidence By cobrakai, eHow Member User-Submitted Article Self confidence is vital to be successful in a relationship, the workplace and really life in general. There’s no exact way to measure self confidence, but there are proven ways to increase self confidence. Difficulty: Moderately Easy Instructions 1. 1 Change or remove the negative components that surround your life. Don’t let others bog down your life and keep you from reaching the success you have in front of you. Recon negative environmental factors in your life that influence how you feel about yourself. Sometimes this will mean shedding bad friends from your life or even making a whole new change in your social circle. 2. 2 My next step or tool for you to become confident is to change â€Å"what you can. Looks are not as important to mature adults as many think, but what we do with our looks does matter. You may never have the celebrity looks, but you can make the best with what you were given. Go to the gym, or run, or do yoga. Anything that will make you feel better about yourself and your body. Don’t complain that you have no boyfriend/girlfriend yet youà ¢â‚¬â„¢re overweight or spend no time taking care of yourself. Don’t do it for anyone else, do it for yourself. Self confidence will only go up if you can look in the mirror and know you’re giving it your all. 3. 3 Quit procrastinating in your life. Well what does procrastination have to do with someone being becoming confident you might ask? You can’t build a high state of confidence if you’re stressed out because you waited to the last minute to do a college essay or pay the electric bill. There’s so many examples I could point out, but the less you leave till the last minute, the more you have time for the fun stuff in life. Stress is a confidence killer. 4. 4 Buy something that makes you feel hot about yourself. You know that feeling you get when you have on a nice shirt, some nice jeans or ladies a really nice outfit that just makes you feel sexy about yourself? You wear that outfit to work, or school or with that special someone, you just feel and do better that day. That is easy self confidence. There’s no need to go change your wardrobe and only buy really expensive clothes, but everyone should have one outfit that they can put on to give themselves a little extra pep in their step. 5. 5 Remember that you like yourself and you’re always looking for ways to improve yourself. When I stumbled upon self compliments, I turned a new page in my quest to become a more confident person. Every day tell yourself that you like yourself or that you are a great person 10 times. EVERY DAY. It’ll become habit after awhile and it’ll become cemented in your sub-conscious and your self confidence will multiply by leaps and bounds. You have to like yourself first and foremost before you can care how anyone else feels about you. Just simply look at the amount of celebrities who have all the fame and money, but yet run their lives into the ground with drugs or alcohol because they dislike themselves. 6. 6 Forgive yourself and others. I had to let go of a lot of bad feelings I had about what I’d done/not done in my past and how others treated me in my past. You can’t change the past and it’ll only keep your progress limited if you keep harboring bad feelings. Forgive yourself and others. Let yourself find peace and you’ll make room for more self confidence in your life. Develop Confidencewww. instant-confidence. com 4 scientifically proven techniques to give you confidence and power How to Do Meditation? www. SilvaLifeSystem. com Easily Learn How to Meditate Download Free Meditation Audio Brain Testâ„ ¢www. lumosity. com Developed by Neuroscientists Improve Memory and Attention Communication Skillswww. 8ack. com Director Executive Level – Presentation Skill Training – Dubai Ads by Google How to cite How to Develop Self Confidence, Papers

Ontario Teachers Pension Plan free essay sample

Ontario Teacher’s Pension Plan Board: Hedging Foreign Currency Exposure Ontario Teacher’s Pension Plan Board: Hedging Foreign Currency Exposure Issue Identification The Ontario Teacher’s Pension Plan (OTPP) is a defined contribution plan that was created in 1917 to provide and administer a pension plan for Ontario school teachers. Sponsored by the Ontario Government and the Ontario Teacher’s Federation, the plan currently supports 343,000 teachers, former teachers and pensioners. The recent government decision to eliminate the 30% constraint on foreign investments and the increased volatility in the currency market has prompted the OTPP Investment Committee to address the following: 1. Whether to continue the International Equity Swap Program 2. Whether to administer changes to the Foreign Exchange Hedging Policy Goals and Objectives In order to come to a decision, it is necessary that any solution put forth must align with the goals and objectives of the fund. OTPP is a long-term fund determined to minimize risk, costs and the additional contributions required to fund the plan while maximizing its returns. We will write a custom essay sample on Ontario Teachers Pension Plan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page OTPP Investment Strategy In the early 1990’s the OTPP board realized that it was essential to begin investing abroad to diversify risk and to capitalize on international opportunities to achieve greater returns, given the size of the fund. However, it was not until 1996 that the Foreign Exchange Hedge Program (FX Hedge Program) was implemented in response to a significant rise in currency exposure. As the fund faced increased foreign currency risk, risk management became essential and thus, a hedging policy of 50% of its foreign currency exposure was introduced. Due to the fact that OTPP has a continual commitment in supporting its pensioners, it must expose itself to limited risk and effectively hedge against any unexpected changes in its investments. Hence, a conservative policy of hedging 50% of foreign exchange exposure was enforced. Additionally, the International Equity Swap Program (IE Swap Program) was implemented as a solution to the government restriction of 30% ownership of foreign investments. Since most assets were tied up in non-marketable Ontario Debentures, a swap program enabled OTPP to reallocate its assets. OTPP Performance Evaluation The strategic decision to diversify beyond Canada and into global markets has proved to be beneficial to the OTPP investment portfolio. It has contributed substantial value to the fund over the 10 year period (1995-2005) by reducing potential losses, since five of the six foreign currencies appreciated against the Canadian dollar. For the past 15 years, OTPP investments have also consistently outperformed the benchmark rate of returns, generating a 10-year average rate of return of 11. 4% and a gross return of $15. billion over benchmark returns. Despite the portfolio’s negative rate of returns in 2001-2002, it has still produced considerable investment growth in relation to the benchmark, demonstrating the strength of OTPP’s investment policies in risk management. However, since interest rates have declined by approximately 3% (1990-2004), the value of the pension fund has increased. This has resulted in larger amount of payments made to pen sioners. Additionally, the demographics of the OTPP plan membership have changed significantly over the past 30 years. The ratio of active members per retiree has decreased from 10:1 in the 1970s to the present ratio of 1. 6:1. Moreover, the expected years retirees rely on the pension have also increased to 29 years. All these factors have exerted a great deal of pressure on the pension plan to sustain its funding with contributions from fewer working teachers. With the foreign currency market being increasingly volatile, OTPP is concerned regarding its future ability to support pension payments. Decision Criteria The Investment Committee must consider the following criteria when deciding whether to implement changes to the International Equity Swap Program and Foreign Exchange Hedging Policy: the fund’s exposure to foreign exchange risk, transaction costs, and an alignment of goals and objectives of the fund. Alternative: Although OTPP has performed well in the past, the future outlook of the pension plan remains uncertain. Therefore, OTPP has four alternatives to the future direction of the fund. OTPP can continue or discontinue the IE Swap Program and maintain or revise the current 50% FX Hedge Policy. Continue/Discontinue the Swap Program Previously, the swap program was used as a means to bypass the government restriction on foreign investment. With the regulation being lifted, OTPP has to now evaluate whether the swap program remains necessary. The program has allowed OTPP to reallocate their assets cost-effectively as it eliminates OTPP’s cost of transacting directly in foreign exchange market. Moreover, since OTPP does not gain ownership of the securities, it has reduced the amount of cash required and limited its risk by transferring the risk to counter-parties (UBS, Credit Suisse, JP Morgan, etc. ).