Valuation of AirThread Connections Assignment Example | Topics and Well Written Essays - 500 words

Valuation of AirThread Connections - Assignment Example The biggest assumption which is taken for this scenario is the steady as well as lower cost pattern especially in terms of recurring cost of people and supervisor which is estimated to be $20,000 per year for the next years. On the other hand, the estimated benefits of to be derived from this project in next five years are also another contributing factor in arriving such huge NPV such that increased profits amounts to around $160,000 per year over the next five years. In this way, this project would successfully achieve the positive NPV of $257,065. The second scenario is referred to as the neutral strategy such that in this particular scenario, the final figure of NPV would be zero as the cost of capital of the project (discount rate) would be exactly equal to the Internal Rate of Return (IRR). The other assumptions of this strategy are the same however there are few changes as well. The major change in the assumptions of this scenario is that the software cost of the project has been reduced from $175,000 to around $118,128. The other major changes include the increase in the recurring cost of people and supervisor which has been increased from $20,000 to $50,000 and $40,000 in first and second year respectively and kept constant at $30,000 each year for the next three years of the project. The other major change is the decrease in the amount of profits such that profits are assumed to be reduced from $160,000 to $40,000 and $60,000 in first and second year respectively whereas it is kept constant at $80,000 per year for the rest of the project life. In this way, the cash outflows are exactly equal to the project cash inflows, thereby generating nil NPV for the project which indicates a breakeven position of the project. The defensive strategy is developed to highlight the negative consequences and effects of cash flows upon the project. All the assumptions

Overview of Marine Invertebrates

Overview of Marine Invertebrates Aretha Rae Boezak Most South African fisherman depends on marine invertebrates to lure fish in order to catch them. These baits are sometimes also used commercially. Some species of invertebrates tend to be quite popular baits, whereas others wouldn’t even be considered. The use of these organisms as fishing bait can have its pro’s and con’s. The most successful baits have been exploited, especially those that are more successful as a live bait. The success of the baits may be as a result of a chemical or a scent that most fish are attracted to. Also, they are quite meaty. Marine invertebrates are some of the most fascinating organisms on the earth. They are found in a variety of locations and is of extreme ecological importance to most marine organisms. It has been found that a vast number of organisms feed on these invertebrates, as they are quite nutrient rich. Marine invertebrates are classified into 12 different phyla. These include: Porifera, Cnidaria, Ctenophora, Platyhelminthes, Nemertea, Nematoda, Rotifera, Annelida, Molluscs, Arthropoda and Echinodermata. Some popular invertebrates that are not marine are spikes (also called maggots), meal worms and wax worms. Spikes are th e larvae of some fly species, whereas meal worms are the larvae of the darkling beetle species and wax worms, that of moth or bee moths. The phyla Nematoda, Annelida and Molluscs are the most popular invertebrate baits. The rest are not as popular as fishing baits. The reason for this might be as a result of defensive attributes or assets that those organisms have. Some of these include Cnidarians. Cnidarians mainly use chemicals as a defensive attribute. Some contain dreadful neurotoxins that can be fatal to both man and animal. Though some fish species that feed on these organisms are consumed by mankind, it might seem a bit too dangerous to use them as bait. Some are just as dangerous dead or alive. The problem isn’t the bait itself or fish that might be spoiled, it is the handling of the organism. Given that some fisherman are uneducated or do not pursue in the danger of handling these organisms. In South Africa invertebrates like mussels, lug worms and mud prawns are amongst the famous baits for both anglers and commercial fisherman. Commercially, mostly vertebrates are used as bait depending on the type of fish that are caught. Pelagic fishes like hake and common fish in the Cape, like Kabeljou/kobs, can be lured with invertebrates as bait. Annelids like lug worms are also commonly used for bait. Lug worms belong to the class Polychaeta and are found in rocky shores. Lugworms live in sand mixtures where it forms a U-shaped burrow. They are also called burrowers and are tremendous when fishing for Kabeljou, Spotted gunter, White- and Red stumpnose, Dageraad, Yellowbelly Rockcod, Slinger, White steenbras, Hottentot and Bronze. Another is the free swimming Polychaet, Alitta succinea, commonly known as Rag worms (also known as the pile worm or clam worm). Rag worms are a marine annelid that belongs to the family Nereididae. They can be found on the bottom of shallow marine waters. These worms are an important nutrient source for crustaceans and bottom-feeding fish. Arenicola loveni, commonly known is the blood worm. These belong to the family Arenicolidae. Though they are endemic to South Africa, blood worms is an example of an over exploited bait. They are found in estuaries, where they dig deep, u-shaped burrows with one end forming a funnelled depression. According to Branch et al.(2010: 70) â€Å"water is drawn through the tube, oxygenating the sediment and encouraging bacterial growth.† Their name was derived from the fact that they have haemoglobin present in their blood, therefore when damaged, they bleed red blood. The collection of Pseudoneires variegata, commonly known as the mussel worm is also used as bait, but it’s collection destroys large areas of mussel bed. The Wonder-worm (Eunice aphroditois) and the estuarine wonder- worm (Marphysa elitueni) are also amongst those used as bait. However, the bite of the wonder-worm can inflict pain as it is carnivorous and has large jaws. Both these worms gravel under boulders, but the estuarine wonder-worm also burrows in sandbanks. There are a number of molluscs that fish find palatable. Molluscs work particularly well when fishing for snoek, natal stumpnose and the most common fish in the Cape shore, Galjoen. The only problem with molluscs is the possibility of destroying beds, which destroys the habitat of other organisms as well. Mussels are the most common belonging to the class Bivalves. Branch et al. (2010:146): â€Å"As the name implies, bivalves are enclosed by a pair of shell valves, hinged together along the back by an elastic ligament and extending down on either side of their body.† Mussels are a good bait to use when angling in rocky shores. Fulvia papyracea, commonly known as pencil bait, also known as Razor shells, make tremendous bait. They burrow themselves deeply in clean, firm sand of lagoons and estuaries. Cephalopods like squid are also used as bait. There are also a few famous crustaceans in the bait community. These include crabs, shrimp and prawns. Most anglers also use mud prawns, Upogebia Africana, as bait. These are one of South Africa’s few macro benthic invertebrates. Being very much exploited, mud prawns are found all the way form Lamberts Bay in the West coast to Maputo in Mozambique. These are limited to distribution as a result of temperature tolerances. These species are only found in estuaries that are connected to the ocean or at least exposed to the ocean for the majority of the time. Ecologically, the mud prawn is quite of importance in the estuarine ecosystem. This is as a result of their burrowing and filter feeding. The exploitation of these organisms can lead to severe eutrophication of the estuarine, because of the diverse effects on micro algae and bacteria . There are laws concerning the gathering of the invertebrate organisms gathered as bait in South Arica. With regards to angling, these baits are protected by limitations on number, size and method and by licenses in KwaZulu-Natal. The number per day for bait organisms are: Black mussel 25 ;Bloodworm 5; clam 8; limpet 15; mud crab(giant) 2; other crabs 15; octopus 2; oyster 25; periwinkle 50; polychaete worms 10; prawn(mud and sand) 50; pencil bait 20. Instruments with a blade width of 38mm or less may be used to remove limpets or black mussels and polychaetes may only be dug by hand. Given the vast majority of invertebrates are marine; they can be used for fresh water fishing as well. Fresh water invertebrates can also be used for marine fishing. In South Africa marine invertebrates have proven to be the best fishing bait for anglers, as some species can be used for all types of fishing. However, by using them as bait they are sometimes exploited and can have severe effects on a whole ecosystem. References Beer, A. Maar, D. 2007. Marine fish sea creatures. London: Hermes House. Branch, G M. 1978. The living shores of Southern Africa. Cape Town: C. Struik publishers. Branch, G.M., Griffiths, C.L., Branch, M.L. Beckley, L.E. 2010. Two Oceans. Cape Town: Struik Publishers. Edwards, A. Prichard, M . 1978 . Fishing for beginners. London: William Collins sons and company ltd. Hutchings, L., Augustyn, C.J, Cockcroft, A., Van der Lingen, C., Coetzee, J., Leslie, R.W., Tarr, R.J., Oosthuizen, H., Lipinski, M.R., Roberts, M.R., Wilke, C., Crawford, R., Shannon, L.J. Mayekiso, M. 2009. Marine fisheries monotiring programmes in South Africa. South African Journal of Marine Science, 182-192. Payne, A.T.L Crawford, R.J.M. 1989. Oceans of life off Southern Africa. Cape Town: Vlaeberg publishers. Van Der Elst, R. 2001. Everyone’s guide to sea fishes of Southern Africa. Cape Town: Struik Publishers.

A Ladys Maid and Cinderella :: essays papers

A Ladys Maid and Cinderella The Lady’s Maid and Cinderella: Two Similar Storylines Children’s stories are often simple, with loveable characters and a feel-good ending. However, these simple plots sometimes have an underlying meaning that may be the basis for adult stories with social, intellectual, or emotional themes. For example, The Wizard of Oz, by L. Frank Baum, is not only about a girl who is looking for the way home who meets some charming friends along the way. It was written as Populist propaganda for the entire Populist movement of the early 1900’s! The children’s tale of Cinderella can be interpreted in much the same way. It portrays a young orphaned girl named Cinderella who is enslaved by her stepmother. She works diligently throughout her life, searching for love, comfort, and a home. The myth in Cinderella is very strong. The presence of a Fairy Godmother creates a supernatural element in the story. Through the mythical godmother, Cinderella eventually obtains happiness by marrying Prince Charming. In â€Å"The Ladyà ¢â‚¬â„¢s Maid,† by Katherine Mansfield, the narrator and maid is named Ellen. (Name similarity?) She, much like Cinderella, is loyal and quiet in performing her daily duties. Ellen is also searching for something to complete her life. But several incidents in Ellen’s life contribute to her un-Cinderella-like ending, including the fact that she does not have a mythical figure to help her out. These scenes, which are shown through Ellen’s responses to interactions with characters around her, prove Ellen to be a very complex character. Both Ellen and Cinderella experience sadness from childhood experiences and devotion to the ladies that they serve, but whereas Cinderella overcomes her problems in the end and finds happiness, Ellen carries her emotions so deeply that she cannot break free from her enslaved life. When comparing Cinderella and Ellen, a their childhoods are obviously similar in many respects. Both the girls lack a constant loving home and a strong mother figure. Losing a parent at a young age is distressing to Cinderella in much the same way as it is for Ellen. Because the girls were never close with their parents because of death, they never developed the ties of loving mother-daughter relationships. Cinderella worked for her stepmother at a very young age, and after Ellen lived with her grandfather and an aunt, she was sent to work as a maid at age thirteen.

Disruptions of Meanings in Kate Chopin’s “Desiree’s Baby”

Despite its brevity Kate Chopin’s â€Å"Desiree’s Baby† offers a rich account of the disruptions of meaning within literary texts. Such disruptions were achieved by Chopin through the use of Desiree Aubigny. The possibility of such is evident if one considers that Desiree Aubigny [as the main protagonist] enabled a more complex understanding of the meanings embedded within the concepts of race, sex, and class. In lieu of this, what follows is an analysis of Desiree Aubigny in Kate Chopin’s â€Å"Desiree’s Baby†. In this drama of misinterpretations, Desiree undermines certainty about the ability to read signs [e. . skin color] as clear evidence about how to categorize people. The disruption culminates when Desiree, whom everyone considers white, has a baby boy who looks partly black. When she is rejected by her husband, Armand, she takes the infant, disappears into the bayou, and does not return. Armand later finds out, however, that he himsel f is black, on his mother's side. This, though unintentional has devastated him by means of these two surprises, one concerning her supposed race and one concerning his own. In order to fully understand this, it is necessary to present an analysis of how the story unfolds. The story takes place in an antebellum Creole community ruled by institutions based on apparently clear dualities [master over slave, white over black, and man over woman]. Complacently deciphering the unruffled surface of this symbolic system, the characters feel confident that they know who belongs in which category and what signifies membership in each category. It is important to note that within the story the aforementioned dualities parallel each other as critiques of their hierarchical structures. Within this system of race, sex, and class, the most complacent representative is Armand Aubigny. Confident that he is a white, a male, and a master, he feels in control of the system. However, such confidence will later be challenged by his wife Desiree. In order to understand how his wife challenged the hierarchical representation of signification [and hence that of meaning], we must take a closer look at the surprises that Armand encounters. The tale begins with a flashback about Desiree’s childhood and courtship. She was a foundling adopted by childless Madame and Monsieur Valmonde. Like a queen and king in a fairy tale, they were delighted by her mysterious arrival and named her Desiree. It is important to note that Desiree means â€Å"the wished-for one† or â€Å"the desired one†. Desiree in this sense was depicted like a fairy-tale princess who â€Å"grew to be beautiful and gentle, affectionate and sincere,-the idol of Valmonde† (Chopin, 1995, p. 160). When she grew up, she was noticed by Armand, the dashing owner of a nearby plantation. He fell in love immediately and married her. She â€Å"loved him desperately. When he frowned she trembled, but loved him. When he smiled, she asked no greater blessing of God† (Chopin, 1995, p. 162). They were not to live happily ever after, however. Thus occurs the initial subversion of meaning resulting from the reversal of the accustomed â€Å"happy ending† that usually concludes such fairy tales. It is important to note that the short story initially started with the depiction of the figures [Desiree and Armand] in such a fashion as that of fairy tale figures despite of such an initial description and depiction of their situation, the ending [or rather the later parts of the story] shows that such an ending as that which is warranted by such stories which takes the aforementioned form [fairy tale stories] was to be subverted within the aforementioned tale. Soon after the story proper opens, Armand meets with the first surprise. He, other people, and finally Desiree see something unusual in her infant son's appearance. She asks her husband what it means, and he replies, â€Å"It means . . . that the child is not white; it means that you are not white† (Chopin, 1995, p. 163). Desiree writes Madame Valmonde a letter pleading that her adoptive mother deny Armand's accusation. The older woman cannot do so but asks Desiree to come home with her baby. When Armand tells his wife he wants her to go, she takes the child and disappears forever into the bayou. Thus, Armand's first surprise comes when he interprets his baby's appearance to mean that the child and its mother are not white. What seemed white now seems black. Desiree, with the child she has brought Armand, has apparently uncovered a weakness in her husband's ability to decipher the symbols around him. Ironically, Desiree's power comes from the fact that she seems malleable. Into an established, ostensibly secure system, she came as a child apparently without a past. As a wild card, to those around her the girl appeared blank, or appeared to possess nonthreatening traits such as submissiveness. Desiree seemed to invite projection [as Madame Valmonde’s desired child, Armand’s desired wife]. Both [Madame Valmonde and Armand], however, deceived themselves into believing they could safely project their desires onto Desiree, the undifferentiated blank slate. Actually, however, her blankness should be read as a warning about the fragility of representation. One aspect of Desiree’s blankness is her initial namelessness. As a foundling, she has lost her original last name and has received one that is hers only by adoption. Even foundlings usually receive a first name of their own, but in a sense, Desiree also lacks that, for her first name merely reflects others individuals’ desires. In addition, namelessness has a particularly female cast in this society, since women, including Desiree, lose their last name at marriage. Namelessness connotes not only femaleness but also blackness in antebellum society, where white masters can deprive black slaves of their names. Although Desiree’s namelessness literally results only from her status as a foundling and a married woman, her lack of a name could serve figuratively as a warning to Armand that she might be black. Concerning sex, race, and class, Desiree upsets systems of meaning but-by failing to connect the personal with the political-stops short of attacking hierarchical power structures. Disruption of meaning could lead to, and may be necessary for, political disruption, but Desiree does not take the political step. Instead of attacking the meaningfulness of racial difference as a criterion for human rights, Desiree takes a more limited step as she reveals that racial difference is more difficult to detect than is commonly supposed [e. g. through physical traits]. In this view, suffering can result if people classify each other too hastily or if, having finished the sorting process, people treat their inferiors cruelly. However, the system of racial difference, with its built-in hierarchy, persists. In this system, superiority is still meaningful; the only difficulty lies in detecting it. The importance of Chopin’s aforementioned story is thereby evident if one considers that it presents three reasons [unconsciousness, negativeness, and lack of solidarity] to help explain why Desiree does reveal her society's lack of knowledge but fails to change its ideological values, much less its actual power hierarchies. She poses so little threat to the dominant power structures that she holds a relatively privileged position for most of her life. Yet subversiveness need not be bound so tightly to traits such as unconsciousness that makes it self-limiting. Desiree’s existence as enabling the subversion of meaning must thereby be taken seriously if one is to consider that Chopin through the aforementioned character and her story enabled to show that explicit meanings although necessary are not sufficient means for understanding the underlying conditions implicit in existence. In a sense, Desiree serves as a reminder for individuals to continually consider what lies beneath the implicit assumptions that generates meanings [and hence stereotypes or modes of classification] within society.

Comic Strip Lesson Plan Essay

In this lesson the students will discuss memories in front of the class that they enjoy remembering; along with their speech they will present their interpretation of the memory through art. It will also help with their public speaking skills. Objectives: * I want the students to learn how to give a short presentation in front of the classroom. Materials and Technologies (Teacher and student): Teacher notes for lessons. Students will need comic strip sheets, color pencils, crayons, and markers. Preparation of the room: I will put the needed comic strip paper on each students desk. If the students have any of their own crayon, color pencils, or markers they will have them on their desk. All of the classroom crayon, color pencils, or markers on a small table in front center of the classroom, along with extra comic strip paper. Artist (s): – Roy Lichtenstein; comic strip type art – Maya Lin; demonstration of longstanding memories in art work. Artmaking medium: color pencils, crayons, and markers. (Not all must be used on project if not desired by student.) Instruction (Activities and Procedures): Be very specific!!! Opening: â€Å" Today we will be discussing memories that are special to each of us. We will also be presenting our memories to the class through a short speech, and a comic strip drawing.† Attention Grabber (Anticipatory set): For an attention grabber I as the teacher would present my own comic strip, and present a fond memory of my own. This memory would be one that is possibly embarrassing or funny so I could loosen the class up about presenting their own memories. Tap into prior knowledge: I can ask if any of them have ever had to speak in front of a crowd. How did they feel? Did they enjoy? Or if they didn’t, why? Introduction of artist: For Roy Lichtenstein I will tell about his part in Pop Art. I will show them â€Å"Masterpiece† It shows how the comic strips were drawn, and they should resemble there own. I will also show Maya Lin, and her Vietnam Memorial. This shows how the memory of someone or an event is not forgotten if there is art to remember it with. Art making activity: The student will have a 4-6 panels strips of paper. On the strip they will draw there recollection of a particular memory. They will do this with color pencils, crayons, and markers. If less or more panels are needed the adductions will be made. Closure: We will end the lesson with each student presenting their comic with a short presentation. Interdisciplinary connections: This lesson will connect with writing/spelling, because the student will have to have some dialogue/description on the comic. It will also connect with reading, because they will have to read the comic in front of the class as part of their presentation. Accommodating individual differences: To meet the needs of all students, I will make sure that all needed materials are readily available and easily assessable. Feedback: How and what manner will you provide feedback to students. I will give feedback on a comment sheet. On this sheet I will give marks for the students spelling on comic strip, the presentation, and on the drawing themselves.

General Circulation models Essays

General Circulation models Essays General Circulation models Essay General Circulation models Essay Again there may be problems with the data; bioturbation may be encountered by the action of organisms dwelling on the lakebed, and conditions favouring preservation of records may be inhibited due to anoxic bottom waters, causing adverse chemical conditions (Nesje and Dahl 2000). Several cores are usually taken to minimise errors. Ice coring has become a well-known and trusted form of gathering data about the Quaternary on a global scale, with the most renowned and detailed examples coming from Greenland and Antarctica. Ice cores can reveal many things about a glacier, including its origin, its basal conditions, climatic circulation conditions and possibly even anthropogenic influences on climate, with the presence of certain human-induced pollutants such as CFCs. Gasses can be trapped in air bubbles in the ice (Press and Siever 2000). Carbon dioxide concentrations for example, can be calculated, revealing approximate climate temperatures. Oxygen Isotopes, such as those trapped in the shells of marine creatures are also preserved in these air bubbles, again, allowing previous temperatures to be estimated. Aerosols such as dust can also reveal what was happening globally. If there is a lot of dust, it suggests a large amount of atmospheric aerosol loading (Nesje and Dahl 2000), which can be linked to an expansion of deserts, or poorly vegetated areas. The longest and most useful ice cores come from polar ice sheets, which suffer least from surface melting. The Vostok ice core for example, in the South Pole can date back to the late Glacial Pleistocene maximum and beyond. The longest cores taken from here reach 3623 meters in length (Menzies 2002). : Ice cores are limited to a certain extent to the age of preserved ice. This is because the thicker the ice, the lower the temperature required to melt it (at 2200m the basal ice will melt at -1. 6oC), thus very early ice accumulation tends to disappear, or be severely deformed in its fluid state (WMR University, 1998). Comparisons Because of the wide range of data obtainable from various sources, discrepancies in the accuracy of data, and the spatial limitations that any one data source has information for (e.g. Ice cores are best at giving local rather than global information), it could be said that combining data from as many sources as possible is the best course of action for getting as vivid a picture of quaternary environments as possible. For example terrestrial landforms may be useful in telling us the extent of previous ice sheets and where they moved, but this would be of limited use, without the chronological evidence to tell us when it happened. For example, between the dates 70-115 ka BP, 6 interstadial episodes with probable global significance occurred, as suggested by evidence found in the GRIP (Greenland Ice Core Project) core. Data from the Vostok core as well as North Atlantic marine sediments also suggested this was the case (Lowe and Walker 1997). Another example of coinciding data from several sources can be seen in oxygen isotope data. A continuous 500,000-year climate record from the isotopes was retrieved from a core at Devils Hole, Nevada. The isotope record correlated strongly with cores taken from Greenland and Vostok cores (Menzies 2002). The only problem with comparing data is that they are often dated in different ways for example, ice cores are dated by using ice-layer years (Lowe and Walker 1997), whereas radiocarbon dating is used for other areas. For this reason, calibrations for the last glacial interglacial were created. To get a full picture of the last quaternary and its climate, it appears that it is very important to look at all the information available to us, and bring it together to get a meaningful overall picture. It is important to remember that cores taken from marine sediments and glacial ice would mean nothing to scientists if we did not have the technology for radiometric and isotopic dating and analysis that we currently employ (Menzies 2002). Bennett and Glasser (1996) also mention that if we did not have the high-tech computer programmes to interpret and display data in the form of models and graphs replicating such things as ice sheet behaviour and climate patterns, we would have a much more difficult task and probably poorer understanding. Lowe and Walker (1997) also mention the development of General Circulation models, which are used in the interpretation of Oxygen Isotope records. Terrestrial and marine evidence has told us a lot about previous climate change its extent, and patterns of occurrence, which in the long term, will help us better-understand climate patterns of the future, and allow us to better prepare for them. Some areas are still uncertain, but as technologies improve, we can only hope to get as full a picture as the earth is capable of revealing.

Problems in Education in Society essays

Problems in Education in Society essays According to "A Nation at Risk", the American education system has declined due to a "rising tide of mediocrity" in our schools. States such as New York have responded to the findings and recommendations of the report by implementing such strategies as the "Regents Action Plan" and the "New Compact for Learning". In the early 1980s, President Regan ordered a national commission to study our education system. The findings of this commission were that, compared with other industrialized nations, our education system is grossly inadequate in meeting the standards of education that many other countries have developed. At one time, America was the world leader in technology, service, and industry, but overconfidence based on a historical belief in our superiority has caused our nation to fall behind the rapidly growing competitive market in the world with regard to education. The report in some respects is an unfair comparison of our education system, which does not have a national standard for goals, curriculum, or regulations, with other countries that do, but the findings nevertheless reflect the need for change. Our education system at this time is regulated by states which implement their own curriculum, set their own goals and have their own requirements for teacher preparation. Combined with this is the fact that we have lowered our expectations in these areas, thus we are not providing an equal or quality education to all students across the country. The commission findings generated recommendations to improve the content of education and raise the standards of student achievement, particularly in testing, increase the time spent on education and provide incentives to encourage more individuals to enter the field of education as well as improving N.Y. State responded to these recommendations by first implementing the Reg...

Definition and Examples of an Indefinite Pronoun

Definition and Examples of an Indefinite Pronoun An indefinite pronoun is a  pronoun that refers to an unspecified or unidentified person or thing. Its vague rather than specific, and it doesnt have an antecedent. Indefinite pronouns include quantifiers (some, any, enough, several, many, much); universals (all, both, every, each); and partitives (any, anyone, anybody, either, neither, no, nobody, some, someone). Many of the indefinite pronouns can function as determiners. Positive indefinite pronouns ending in -body can be interchanged with those that end with -one, such as anybody and anyone. Types of indefinite pronouns fit two categories: those that are made up of two morphemes and are called compound pronouns, such as somebody, and those that are followed by the word of, called  of-pronouns, such as all or many.   Singular Indefinite Pronouns Most indefinite pronouns take singular verbs,  either because they represent one thing or because they are collective, and, like collective nouns, agree with singular verbs and pronouns. For example,   Neither of us is available for the committee.Each member of the family has the flu.Everyone works well together.Someone came into the room looking for her water bottle.Everybody kept the information on the surprise to him or herself.Either option presents its own challenges. The disagreement of the singular collective pronouns with pronouns in the predicate is one of the most common errors in formal, written English because informal, spoken English doesnt always adhere to the rule. In informal speech, someone would likely say, Everybody kept the information on the surprise to themselves, and no one would find a reason to correct the speaker, because the context is clear.   Plural and Variable Pronouns Plural indefinite pronouns take plural verbs. For example: Both of us match the description.  Many were hoping for a better outcome.Few were optimistic about this ballgame. Variable indefinite pronouns (all, any, more, most, none, some)  can go with either a plural or a singular verb, based on what noun theyre talking about. Can you count whats being talked about? Then give it a plural verb. For example, Most employees are getting a raise.  All the ice is gone.Some ice cubes are in that cooler.  Any experience is beneficial to the job.  Some of his sadness practically feels  tangible. Prepositional Phrases Watch out when youve got prepositional phrases separating your subject and your verb. Here, each is the subject of the sentence, not friends,  and so takes a singular verb. Each is always singular. Each of her friends wants a different team to win. When you have a prepositional phrase following a variable pronoun, whats in the phrase does help determine which type of verb youll need. Most of the bricks were loose on that wall.Some of the food was past its expiration date. List of Indefinite Pronouns allanyanybodyanyoneanythingbotheacheachoneeithereitheroneenougheveryeverybodyeveryonefewmanymostmuchneitherneitheronenoonenobodynonenothingseveralsomesomebodysomeonesomething Sources Ron Cowan,  The Teachers Grammar of English. Cambridge University Press, 2008 Penelope Choy and Dorothy Goldbart Clark,  Basic  Grammar, and Usage, 8th ed. Wadsworth, 2011 Randolph Quirk et al.,  A Comprehensive Grammar of the English Language. Longman, 1985 Andrea B. Geffner,  Business English: The Writing Skills You Need for Todays Workplace, 5th ed. Barrons, 2010

Foundation of Management Essay Example | Topics and Well Written Essays - 2000 words

Foundation of Management - Essay Example Specifically, culture is the personality of an organization around which the whole organization revolves. Therefore, it is necessary to make a fundamental criterion and embed these core values with the individuals/employees of the organization. Without its existence, the energy of all the members will dissipate in terms of plans, decisions, and operations. Over the past decade, the concept of organizational culture has gained significant importance and acceptance. It is considered as a way to understand human systems. Each element of culture can be viewed as an environmental condition that has a great impact on the entire system and its subsystems. Increased competition, mergers, acquisitions, alliances, advancements and diversification in various workforce departments have created an urgent need for strong organizational culture (Daft, 2008). Thus, the role of culture in organizational development cannot be overlooked. An accurate understanding of organizational culture will not onl y help in directing activities towards the productive manner but it will also avoid the destructive influence of those employees who are not committed and loyal to the goals of the organization. ... For instance, if the organization’s mission is to provide excellent customer services but the employees are not empowered with the authority to carry out the required responses or results then this discrepancy will lead to a major decline in the overall performance of the company (Alvesson, 2002). In this regard, it is the premise of this paper that in order for a business organization to be successful, culture is the most important notion, and management can put efforts to foster ‘right culture’ in the organization. In order to be SUCCESSFUL, Culture is the MOST IMPORTANT thing The concept of culture is described as how employees or members of any organization understand their world and their position in it (Alvesson, 2002). There are varieties of definitions attached to the world ‘culture’, most of them are widely in acceptance and they share the same aspects. Schein's defines organizational culture as "A pattern of shared basic assumptions that the group learned as it solved its problems that has worked well enough to be considered valid and is passed on to new members as the correct way to perceive, think, and feel in relation to those problems" (Schein, pp. 30-39, 2010). In simpler terms, organizational culture includes a group of people who are trained to deal with a situation through guidelines or by those around them. It works like any other social learning process. One important aspect of organizational culture is that it is deeply rooted within its members. It creates the identity of the company and shapes the identity of its workers as well. This social identity is valuable in for company’s market position and an inherent conflict with the employees values can be a serious disadvantage. Due to this fact, companies transmit their values

Book summary and critique Essay Example | Topics and Well Written Essays - 500 words

Book summary and critique - Essay Example Details of his courageous battle and determination to defeat cancer, despite being the tremendous odds of survival, were narrated in a matter-of-factly form. His commitment to his craft was his ultimate concern right after being diagnosed with cancer – even more than the possibility of untimely demise. Armstrong acknowledged the disease as an eye-opening opportunity to remunerate of his life, as he indicated â€Å"my illness was humbly and starkly revealing, and it forced me to survey my life with an unforgiving eye† (Armstrong & Jenkins, 4). The exceptional determination to win encouraged him to strive beyond expectations and enabled Armstrong to catapult to fame from winning the Tour de France in seven consecutive years from 1999 to 2005, despite the rigors of the dreaded disease. His inspirational experience provided the impetus for the establishment of a foundation, the Lance Armstrong foundation, with the mission of improving the lives of people who have been drast ically affected by cancer. Critique The book was inspirational for readers from all walks of life.

Job security and its impact on national security Thesis Proposal - 1

Job security and its impact on national security - Thesis Proposal Example Even with the variable pictures portrayed by the different employment versions in the modern society, there has been a keen insight into the impact of securing jobs, particularly among youths, to the general national security. There has been a general association of high level of employment with reduced criminal activities in the society and the nation at large. For instance, many observers believe that upon securing employment, many youths are able to sufficiently meet their respective needs for livelihood hence less likely to engage in unlawful activities. In this respect, therefore, this study is aimed at investigating the various effects of job security in United Arabs Emirates together with its impacts on the national security of the country. The relationship between the rates of aggregate employment and crime incidences have initially been analyzed but the outcome of the same has demonstrated massive inconsistence. The discrepancies observed could be largely associated with the inconsistence in application of both sociological and economic theory, together with numerous issues related to the methodology of the previous researches. According to Atkinson, Healeyand Mourato (2005), a crime is equated to a decision by an individual on the basis of the possible gain or loss. Predicting the impact of job security and employment among youths to the public policy and law enforcement in the nation could be of much significance in making of informed decisions thus reducing the law enforcement costs and enhancing the effectiveness of the anti-crime strategies (Torka and Schyns, 2007). There is high interest among the policy makers to identify the individuals who are more vulnerable to engaging in criminal offences thus posing a security threat to the national security in the UAE (Bovenberg and Wilthagen, 2009). In order to inform this evidence

Literature, Business, and Social Change Paper Essay

Literature, Business, and Social Change Paper - Essay Example In contrast to the typical buyer whose main considerations are price and product quality, customers are now keen on the externalities which a manufacturer makes in a society where it operates. Social changes bring about this change in consumer attitude which companies take advantage by launching their own corporate social responsibility programs. For example, the giant retailer Target documents how it contributes 5% of its annual income to education, arts, and social services to specific localities (Target 2008). The company constantly supports projects which uplift the quality of living and improve the condition of the lower income strata. Literature plays a huge role in documenting these efforts made by business organizations in order to communicate these to the public and earn their support. It should be noted that most companies now distribute their annual corporate social responsibility report aside from their annual reports. The company also publicizes these programs through the use of leaflets, flyers, television advertisement, and even in its online website.

Evaluate WHS management systems Assignment Example | Topics and Well Written Essays - 1000 words

Evaluate WHS management systems - Assignment Example The sampling at Wollongong store was successful hence the need to implement the program globally. Due to global proposed systems, Austrian Hardware aims at providing safe conditions for workers at work place and to comply legally across jurisdictions. There is need for corporate culture, operations and integration with management systems of Australian Hardware. Australian Hardware is committed to WHS in various ways like, first aid and treatment of injuries for the workers and customers among others as discussed in the report below. Looking at the data on First Aid Incidents, the workers are ill treated by those in management. First, for the first case on 1 July 2012 of a new worker who got an accident by lifting a lawn mower, the worker could not have been re-trained but be given first aid. The employee was new to the organization hence needed to be treated well. Second, on 10 Sep 2012, another new employee was cut but no first aid was given. Initiating safety action meeting by team leader could not help such a new employee at Wollongong. Third, on 24th Oct 2012, it is clear that the organization values customers’ life than those of workers since first aid was offered to the customer. The customer’s falling was accidental and there was no need for training of staff at Melbourne. Fourth, on 1 April 2013, a new staff fall down and treatment was administered thus indicating change in giving first aid to employees at Freemantle. Through safety and work health Act of 2011 which is supported by WHS, the sick workers do not need to be mistreated. Looking at medical treatment injury, a lot need to be done. First, on 1 July 2012, a new staff was injured and treated for a day at Sydney. The treatment was not enough for the worker as he or she missed work for 10 days. There was no need for the meeting as falling was

Critical Issues In Police Civil Liability Essay

Critical Issues In Police Civil Liability - Essay Example There are many instances in which the police fail to prevent harm. The movie starts by a man planting a bomb timed to explode at a certain time in a car. There after a man accompanied by a woman (Joi Lansing) enters the car and starts driving ending to American- Mexico border. On there away, drug enforcement officers from the government of Mexico passed the car on foot and they do not take any action. Joi realizes that there is a problem with the car but the drug enforcement officers did not take any action or search the car to notice the bomb. Immediately after crossing the border, the car exploded and killed the occupants. The explosion of a Mexican bomb in America drew attention of Harry Shannon who was the Police Chief, Mike who was interested in investigating the issue and latter Ray Collins (the district attorney) arrived at the scene. A one legged police officer known as Orson Welles also arrived at the scene together with the district attorney. The officers carried out investigation while suspecting Sanchez who happened to be the husband to the daughter of the victim (Joanna). Quinlan and Menzies carried on with the investigation in order to identify the cause of the tragedy. At the end of the movie, Quinlan admitted that he was not genuine but used to plant evidence on people. He admitted the Menzies that the most of the people were innocent but he planted evidence to have them convicted. Quinlan attempts to kill Menzies using the Vargas gun because they had recorded him testifying on the evils which he did instead of doing police work. He manages to shoot Menzies but Menzies shoots him dead be fore shooting Vargas. At the end of the movie it is noted that Quinlan was preventing investigation by protecting the suspects. Latter Quinlan says that Sanchez had accepted the crime. It is noted that Sanchez was the one who planted the bomb to the car but Quinlan being an investigator was protecting him by

Evaluate WHS management systems Assignment Example | Topics and Well Written Essays - 1000 words

Evaluate WHS management systems - Assignment Example The sampling at Wollongong store was successful hence the need to implement the program globally. Due to global proposed systems, Austrian Hardware aims at providing safe conditions for workers at work place and to comply legally across jurisdictions. There is need for corporate culture, operations and integration with management systems of Australian Hardware. Australian Hardware is committed to WHS in various ways like, first aid and treatment of injuries for the workers and customers among others as discussed in the report below. Looking at the data on First Aid Incidents, the workers are ill treated by those in management. First, for the first case on 1 July 2012 of a new worker who got an accident by lifting a lawn mower, the worker could not have been re-trained but be given first aid. The employee was new to the organization hence needed to be treated well. Second, on 10 Sep 2012, another new employee was cut but no first aid was given. Initiating safety action meeting by team leader could not help such a new employee at Wollongong. Third, on 24th Oct 2012, it is clear that the organization values customers’ life than those of workers since first aid was offered to the customer. The customer’s falling was accidental and there was no need for training of staff at Melbourne. Fourth, on 1 April 2013, a new staff fall down and treatment was administered thus indicating change in giving first aid to employees at Freemantle. Through safety and work health Act of 2011 which is supported by WHS, the sick workers do not need to be mistreated. Looking at medical treatment injury, a lot need to be done. First, on 1 July 2012, a new staff was injured and treated for a day at Sydney. The treatment was not enough for the worker as he or she missed work for 10 days. There was no need for the meeting as falling was

Competing Political Interests And Poverty Reduction Essay

Competing Political Interests And Poverty Reduction - Essay Example It can negatively affect the progress of the nation itself. â€Å"Poverty is produced by circumstances, not individuals,† (Fincher & Wulff, 1998). Economic crisis increases the so-called ‘poverty sector’, leading to joblessness and social unrest. A proper planning and a better utilization of the available resources of the nation will lessen the poverty level to a great extent (Narayan & Parker, 2000). Diverting the existing resource to the disadvantaged people is the need of the hour. Every nation needs a proper governing authority to plan, accomplish and accelerate its growth. In developing countries especially, governments and political parties lead the show and try to bring progress to the society and stability to the economy by eliminating the curses like poverty. The ruling party and other political parties try to uplift the general status of the society and go deep into the problems and grievances of the people to a certain extent. Even though they do have o pinion disputes and conflicts among them, they contribute a lot for the progress of the society and nation (especially rural areas where poverty is still a problem) (Pantazis, Gordon & Levitas, 2006). Political interests and competitions play a major role in eliminating poverty from the nations. In the third world countries especially, political parties contribute a lot to the development works. Political parties try to perform well during their ruling tenure and take various actions for the negatively privileged sections of the society. They try to look into the agonies of the people of ill-developed areas since such areas have the majority of the population in it. These less developed areas would be eagerly looking forward to a government which can help them to improve their total grade. No political party can ever think of getting the rule in their hand without the votes of these majority weaker sections.

Safety Management Plan For Night Time Work Construction Essay

Safety Management Plan For Night Time Work Construction Essay In the previous in Chapter 1, the overview of this study was explained about and the problem was identified. Then from the overview, the aims of the study are to explore the challenges faced in construction site during night time, to identify the different factors associated with safety during night-time construction. Through the chapter, the elaborations of the topic are clearly described. The clarification of the sub-topic will studies about the night time construction, planning aspect, and the impact of night-time construction operations on safety, quality, environmental factors, and productivity. 2.2 Overview of Night work 2.2.1 Definition of Night work According to Derek Simpson (2005), night work is defined as a 7 hour period which includes that between midnight and 5am, usually 11pm to 6am. Anyone who normally works at least 3 hours of their working day during this night period is classed as a night worker. Night workers should not work more than an average of 8 hours in every 24. Where such work involves any special hazards or heavy physical or mental strain the 8 hours limit applies to each 24 hour period, not an average 8 hours over the reference period. According to the North Region Construction Night Work Guide (2007), night work is the most difficult and challenging time for the contractor to work to meet his contractual obligations and therefore the most difficult time for the inspector to ensure the work meets the standards and levels of quality while also ensuring that everything is done safely. 2.2.2 Safety Management Plan for Night time Work A management plan should be well documented and structured so that both employers and employees can benefits from its use. The following are recommended components of a safety management plan for night time works(: Site personnel responsibility It should be determined and stated clearly in the safety management plan the responsibility of each individual at construction site for night time works. Project Manager, Engineers, Designers, Safety Officer and Site Supervisors as well as workers each have their specific responsibility to make sure the highest level of priority are given towards safety and health issues. Permission to work at night Permission to work at night should be obtained from the relevant authority before construction works at night is carried out. Employers should submit their application for work permit to Local Government Authority and it is advisable to follow all requirements enforced by the authority prior to executing night time construction works. It is also recommended to notify the nearest police station, BOMBA, hospitals or clinics so that they can prepare accordingly in case of an emergency. It is also recommended that night work approved by the local authorities be informed to the residents/occupants of the surrounding neighbourhood. Inventory preparation for safety equipments Before night works are carried out, check the inventory of safety equipment to make sure they are sufficiently available, appropriate, and in good working condition. Purchase sufficient new safety equipment for a new construction project or to add existing inventory. Equipments such as retro-reflective signage, barriers, retro reflective tapes and lighting equipment are some example of safety equipment that should be provided for night time construction works. Material and Machine movement / coordination Employers should be aware that material and machine movement that is not well supervised could potentially cause serious injury and harm to workers and properties. Housekeeping Accidents can occur as a result of poor housekeeping. Hazards at construction site are the same for both day and night shift while the risks of injury are much higher during night works because of the inherent poor illumination. It is essential that the workplace is kept clean and tidy to ensure safety and prevent accidents. Emergency Preparedness and Response (EPR) One of the most important elements to consider before work at night is carried out is the EPR specifically for night time environment. A well established EPR can help both employer and employees to prepare; response and recover should a disaster occurs. Public safety When construction works involves public area, it is important to make sure the safety of the public. Consider the following when planning for night time work; identify the hazards for example construction vehicle movement or too much glare from lighting equipment and plan for vehicular movement to not interrupt peak hours and make sure adequate supervision is provided for such movement. Provide sufficient signage to warn the public and put barriers at a safe distance to keep the public away. Set up a safe walk ways where it is unavoidable to work near or in public vicinity. Arrange noisy equipments or machinery at farthest point from the public or adopt an engineering control to reduce the noise. When overhead crane is operating near the public, clear off the area and make sure adequate supervision is in place. Schedule for daily cleaning of the adjacent public road and filling up holes as well as uneven surfaces. Working hours manpower arrangement Employers should identify at which construction phase the need for night time work is required. Consider the following when planning for night time work; arrange a special team to work at night and allow for shift rotation and inform workers of the special hazards and risks at night to allow effective adaptation with the work environment. It is also recommended to send workers for health screening to make sure the workers are fit to work at night. Allowing an unfit worker to work at night will endanger the worker and other worker in the same work area. 2.3 Overview of Night-time construction According to the Guidelines for Construction Activities at Night (1999), there is an increasing demand for performing construction of highways and buildings at night, especially in the urban areas to reduce conflict between the public and the stakeholders of the projects. This approach can be beneficial in particular, for reducing traffic disruptions and meeting the completion deadlines. However, contractors should consider the increased safety risk at the workplace when conducting any construction activities at night. 2.3.1 Planning of construction work at night Working during night time by its very nature is dangerous. Workers are exposed to many high risk unsafe working conditions at construction site. Common problems that might occur are poor visibility in the working environment, working in a drowsy condition, and communication problems with the day shift. This could contribute to other work related safety and health problems for example drug and alcohol abuse, psychological problems, and physiological problems. (Shane J.S., 2012). Therefore, it is very important to plan any works for night time is engaged. Employers need to plan before hand the workforce required, special arrangement for safety provision such as sufficient work area lighting, retro-reflective clothing, flashing lights on equipments or structures and retro-reflective tape at work area surroundings. 2.3.2 Factors affecting night time work In order to decide when to conduct night time work, factors (parameters) affecting night time work must be identified. The following factors were identified: (Douglas K.D., 2003) Risk Illumination Nuisances Productivity Cost Safety Risk Night time construction introduces numerous risks to a construction project. One clear set of examples is driver and worker fatigue and reduced visibility, which are factors that could increase safety risks. Other major factors contributing to the risks of night time work are human factors such as sleep, stress, work, social or domestic issues, and psychological characteristics, such as appetite and safety. Additional factors associated with the risks of night time construction work zones are reduced work space for machinery and equipment movement, inadequate lighting, high speed of traffic during the night, and long working hours (12 to 14 hours). (Shane J.S., 2012). Risk management process The best way to address night time construction work-zone risks and hazards is through risk management programs. It is suggested that agencies and contractors begin their risk management processes early and review the risk management program carefully prior to beginning night time work. Risk management is the term used to describe a sequence of analysis and management activities focused on identifying and creating a response to risks and, in the case of night time construction, to project-specific risks (Shane J.S., 2012). Various organizations use very similar steps, but slightly different terms, to describe their risk management approach. These are the important risk management steps: 1. Risk identification. 2. Risk assessment/analysis. 3. Risk mitigation and planning. 4. Risk allocation. 5. Risk monitoring and control. Risk identification is the process of determining which risks might affect the project and documenting their characteristics using tools such as brainstorming and checklists. Risk assessment/analysis involves the quantitative or qualitative analysis that assesses impact and probability of risk. Risk mitigation and planning involves analyzing risk response options (acceptance, avoidance, mitigation, or transference) and deciding how to approach and plan risk management activities. Risk allocation involves placing responsibility for a risk on a specific party or parties typically through a contract. The fundamental tenets of risk allocation include allocating risks to the party that is best able to manage them, allocating risks in alignment with project goals, and allocating risks to promote team alignment with customer-oriented performance goals. Risk monitoring and control is the capture, analysis, and reporting of project performance, usually as compared to the risk management plan. Risk monitoring and control assists in tracking and resolution. Types of Risk The first step in an effective risk management program is to identify possible risks. Specific concerns related to night time work zones include poor visibility and work quality, staffing issues, unwanted noise and glare, decreased worker and driver alertness, impaired drivers, higher vehicle speeds, increased labour costs, materials and traffic control, and problems in logistics and supervision. These risks are categorized broadly as safety, cost/production and schedule, quality, organizational relationships, technical, construction, economic, and environmental. Illumination Night time construction lighting arrangements have an impact on project safety, quality, cost, and productivity. One of the main reasons illumination levels have a strong impact on the other aspects of night time construction is the fact that light influences human performance and alertness. Recommended lighting level A major problem with night time work-zone lighting arrangements is the insufficiency of the lighting provided to perform the construction or maintenance task. The level of lighting needed for specific construction activities depends on factors related to the humans performing the activities, as well as factors relating to the task at hand and the environment in which it takes place. For example, visual ability is a human factor that is known to vary among workers. Therefore, lighting standards assume reasonable visual abilities that are considered to be normal, while giving some allowance for variations among individuals. This assumption allows for visual standards to be based mainly on the visual requirements of the specific tasks construction activities required (Shane J.S., 2012). Task Dependency Visual Standard Required Accuracy The higher the precision required in a task, the higher the level of illumination needed. Background Reflection The ability to visualize an object or a target depends on the contrast between that object and the background. Highly reflective backgrounds decrease the visibility of the target or object. Relative Speed The relative speed of the object/target or its observer is another factor directly affecting the level of lighting needed for the construction task. Faster moving objects or targets necessitate higher levels of illumination. Objective Speed The size of the target observed in construction tasks has an impact on the needed level of illumination for the task. The smaller the object, the higher the level of lighting needed. Seeing distance The distance between the observer and the target in each task is another determining factor in setting illumination levels. Larger distances necessitate higher levels of illumination. Table 2.1: Task-dependent visual standards Sources: A Guidebook for Nighttime Construction: Impacts on Safety, Quality, and Productivity. Nuisances Sound Sound is energy in motion as a pressure wave through the air produced by a vibrating body. A decibel (dB) is the basic sound level unit; it denotes a ratio of intensity to a reference sound. Most sounds that humans are capable of hearing have a decibel range of 0 to 140. Zero dB, by international agreement, corresponds to an air pressure level of 20 micro-Pascals (in other words, the agreed-upon threshold of hearing). A whisper is about 30 dB, conversational speech is about 60 dB, and 130 dB is the threshold of physical pain. Humans sense the intensity difference of one sound from another. A three-decibel change in noise level is a barely noticeable difference, while a 10-dB change is perceived subjectively as a doubling/halving in loudness (Shane J.S., 2012). Noise Noise can seriously harm human health and interfere with peoples daily activities at school, at work, at home and during leisure time. According to World Health Organization (WHO) (2004), the main health risks of noise identified are: Pain and hearing fatigue Hearing impairment including tinnitus Annoyance Interferences with social behaviour (aggressiveness, protest and helplessness) Interference with speech communication Sleep disturbance and all its consequences on a long and short term basis Cardiovascular effects Hormonal responses (stress hormones) and their possible consequences on human metabolism (nutrition) and immune system Performance at work and school Environment Critical health effect Sound level dB(A)* Time hours Outdoor living areas Annoyance 50-55 16 Indoor dwellings Speech intelligibility 35 16 Bedrooms Sleep disturbance 30 8 School classrooms Disturbance of communication 35 During class Industrial, commercial and traffic areas Hearing impairment 70 24 Music through earphones Hearing impairment 85 1 Ceremonies and entertainment Hearing impairment 100 4 Table 2.2: WHO Community Noise Guidance Sources: Occupational Noise-World Health Organization Vibration According to Shreve (1994), vibration can be defined as simply the cyclic or oscillating motion of a machine or machine component from its position of rest. Many types of construction activities cause vibrations that spread through the ground (ground-borne), most notably pile driving, hoe ram demolition, blasting, and vibratory compacting. Though the vibrations diminish in strength with distance from the source, they can produce annoying or objectionable audible and feel able levels in buildings very close to construction sites. Rarely do vibrations reach levels that cause structural damage to buildings. However, minor cosmetic damages can occur at lower vibration levels and, in the case of old, fragile, or historical buildings, a danger of significant structural damage always exists. Dust During the night, many households leave their windows open to take advantage of the cool night air. With urban night time construction projects being very close to peoples living space, dust can be a problem. Night time construction dust problems are accentuated by the lighting, which makes the particulate matter very visible. Fugitive dust may be generated by construction operations, and the contract specifications should require that the contractor prepare a dust control plan. In many cases, dust control is not a problem that is limited to night time activities; therefore, air quality or dust control plans should be for all hours of the day or night (Shane J.S., 2012).

The Chrysalids: The Importance of Telepathy :: The Chrysalids

The Chrysalids:   The Importance of Telepathy    Some people dream about having an ability to communicate through mental telepathy.   Some even claimed to have this ability but it played an important role in the novel The Chrysalids.   The author created an interesting environment.   There was no communication and the only people who could communicate between each other were the ones that had the power of telepathy.   Because in some areas the land was so dangerous because of the radiation that people were cut of from another and left on a small piece of land.   They could not communicate.   Though-shapes not only developed the plot of the story but greatly affected the lives of some characters and might affect Waknuk.   Ã‚  Ã‚   We all know that people in Waknuk were very superstitious but did it actually help the plot to develop?  Ã‚   On page 91 through 103 finally and idea gets out about some people being able to communicate through thought-shapes.   When Katherine and Sally got caught and tortured they finally tell some of the names to the inspector.   This forces David, Rosalind and Petra to runaway to the fringes, and they established some kind of contact with a woman from Sealant (Zealand, On page 134).   The help that the sealant woman promised is on their way to the fringes.   The plot is greatly influenced, David learns more things as the time goes on.   He discovers who is the Spiderman(Gordon) and where is Sophie.   He meets them and learn what it is like to live in the fringes.   When the sealant woman rescues David, Rosalind and Petra they are brought to a big, developed city like the one in David's dreams. Because of the telepathy David discovers that such a city really exists but most of all through Petra they establish contact with a more civilized people than they are.   Because of the conflicts in the story it leads the main characters to discover the sealant city.   Ã‚  Ã‚   Telepathy not only affects the plot of the story but also the main characters in the novel.   The most obvious thing is that David, Rosalind and Petra are saved.   They have a chance to learn, experience new things they never saw or heard before.

Elvis Presley Essay -- essays research papers

Elvis Aaron Presley, in the humblest of circumstances, was born to Vernon and Gladys Presley in a two-room house in Tupelo, Mississippi on January 8, 1935. His twin brother, Jessie Garon, was stillborn, leaving Elvis to grow up as an only child. He and his parents moved to Memphis, Tennessee in 1948, and Elvis graduated from Humes High School there in 1953. Elvis? musical influences were the pop and country music of the time, the gospel music he heard in church and at the all-night gospel sings he frequently attended, and the black R&B he absorbed on historic Beale Street as a Memphis teenager. In 1954, he began his singing career with the legendary Sun Records label in Memphis. In late 1955, his recording contract was sold to RCA Victor. By 1956, he was an international sensation. With a sound and style that uniquely combined his diverse musical influences and blurred and challenged the social and racial barriers of the time, he ushered in a whole new era of American music and popular culture. He starred in 33 successful films, made history with his television appearances and specials, and knew great acclaim through his many, often record-breaking, live concert performances on tour and in Las Vegas. Globally, he has sold over one billion records, more than any other artist. His American sales have earned him gold, platinum or multi-platinum awards for 131 different albums and singles, far more than any other artist. Among his many awards and accolades were 14 Grammy nominations (3 wins) from the National Academy of Recording Arts & Sciences, the Grammy Lifetime Achievement Award, which he received at age 36, and his being named One of the Ten Outstanding Young Men of the Nation for 1970 by the United States Jaycees. Without any of the special privileges his celebrity status might have afforded him, he honorably served his country in the U.S. Army. His talent, good looks, sensuality, charisma, and good humor endeared him to millions, as did the humility and human kindness he demonstrated throughout his life. Known the world over by his first name, he is regarded as one of the most important figures of twentieth century popular culture. Elvis died at his Memphis home, Graceland, on August 16, 1977. It?s estimated that Elvis Presley has sold over one billion record units worldwide, more than anyone in record industry history. In America alone, Elv... ...d his legacy continues to reach new audiences. Half of Graceland's visitors are age 35 and under. On August 16, 1997, Elvis, via video, starred in an extravagant concert production entitled Elvis in Concert 97 at the Mid-South Coliseum in Memphis, Tennessee, accompanied live on stage by over thirty of his former bandmates and the Memphis Symphony Orchestra. The show played before a capacity crowd of fans who had come to Memphis from around the world to commemorate the twentieth anniversary of Elvis' death. Elvis broke the Mid-South Coliseum's all-time record dollar figure for box office sales. This concert was the prototype for the 1998/1999 touring production Elvis - The Concert. By being the first performer ever to headline a live concert tour while no longer living, Elvis made history again. The March 1998 tour included a three-show smash engagement at Radio City Music Hall in New York. The August 1998 tour included the excitement of Elvis' "return" to the Las Vegas Hilton with an eight-show engagement. The January/ February 1999 European tour opened with a sell-out at London's Wembley Arena and, in effect, marked Elvis' first-ever concerts outside of North America.

Salbutamol Resistance

The maximum effect can take place within five to fifteen minutes. The other routes are orally (via tablets) and intravenously. Salomon has a number of medical uses, but It is mainly used to treat asthma and exercise Induced bronchus's. Treatment of chronic obstructive pulmonary disease Is another key use of this drug (diseases In this category Include chronic bronchitis and emphysema). Other less widely applied uses is in treatment of premature labor in obstetrics since the drug can also relax uterine smooth muscles intravenous administration) and in the treatment of cystic fibrosis in combination with other drugs (3).Despite ten Tact Tanat tens Aragua NAS Eden Invaluable In ten treatment AT serious medical conditions like asthma, there is still a serious pitfall in the long-term use of the drug since most people who have been on it for a long duration tend to the develop some form of drug resistance/tolerance to the drug. This results in a slower and less dynamic effect of the drug on patients who have been using it chronically. Therefore, directly translating to the need to adjust dose and frequency of the drug administration, this can become quite a burden to everyone involved.Down regulation of the ;2-receptors and a reduction of their sensitivity (desensitizing) causes this resistance (4). The drug has an intricate mode of action that involves a number of pathways at microscopic cell level. Initially, it acts by binding on beta adrenaline receptors (4). The receptor is coupled to a stimulatory guanine nucleotide-binding protein (as – protein) and usually fluctuates between different conformations in the inactive state (5). Once the agonies (Salomon) binds to the receptor, it stabilizes one of the information leading to the activation of the G-protein.The G-protein is a transmigrate signal transducer that has alpha and beta-gamma subunits (6). After activation of the protein the alpha subunit dissociates, resulting in a form that stimulates activity of the enzyme densely cycles (7). This enzyme now increases the production of cyclic adenosine Mephistopheles (CAMP) in the cell. It does this by transforming adenosine troposphere (TAP) into CAMP through depopulation's and structure shifting (8). Increased levels of CAMP results in activation of CAMP- dependent protein kinas A.Protein kingies are enzymes that modify proteins by adding to them a phosphate group(usually derived from TAP). This phosphorescently leads to a functional change in the targeted protein either by altering the enzyme activity, its intracellular location or its interaction with other proteins (9). Protein kinas A is a CAMP dependent kinas and in the activated form, it works in two ways (all of which leads to relaxation of a smooth muscle); first, it decreases the acting- myosin interactions by phosphorescently the myosin light chain (10). Secondly, it lowers intracellular calcium concentration in the smooth muscle cells.This reduction comes about via two well researched and understood mechanisms. The first mechanism involves the regulation of influx and efflux of calcium through the calcium channels in the sarcoma (which is the cell wall). Protein kinas A causes the channels to increase the efflux of calcium from the cell and decreases influx (11). The second mechanism involves the ceroplastic reticulum which is the chief store of calcium in the cell. The kinas stimulates uptake of calcium into the store, therefore, reducing its overall concentration in the cytoplasm (12).The effect of these woo mechanisms (low calcium) leads to smooth muscle relaxation. Lastly, research shows that raised levels of CAMP causes a cessation of the release of mediators of inflammation from mast cells in the respiratory tract (13). All of these elaborate actions give Salomon its potency in dilating constricted airways and reducing obstruction secondary to inflammatory processes. But prolonged use and exposure to this drug leads to development of a resistance to it. Many schools of thought have come up with possible explanations as to now tens napes rater years AT Intense research.However, ten most accepted explanation is down regulation of the ;2-receptors and desensitizing of the same (14). It is now universally accepted that a cell's surface expression of this receptor and its coupling to signaling pathways inside the cell shows a negative feedback loop that works to reduce the cell responsiveness to prolonged occupation of the receptor by agonies lagan's. When an agonies attaches to the receptor, the stabilization involves phosphorescently (15). This usually interferes with how the receptor couples with the Gas-protein; therefore, limiting its function in what is commonly referred to as desensitizing.Desensitizing thus leads to reduction in the activation of intracellular signaling pathways secondary to prolonged receptor stimulation (16). This mechanism of uncoupling is rapid and reversible in nature, usually seen after short-term exposure. Phosphorescently of the receptor usually happens due to protein kinas A dependent pathways or by activation of G-protein receptor kingies named beta -ARKS (17). Tissues of different types show different degrees of this uncoupling when exposed to stimulatory lagan's, and this can be due to the differences in activity of the above mentioned phosphorescently mechanism.Apart from desensitizing another key process leading to Salomon resistance is the receptor down regulation. When ;2-receptors stimulation occurs for prolonged duration, they show a negative feedback mechanism that reduces their quantity of expression on the cell surface (18). The mechanism behind this is not particularly clear, but it is strongly believed to be due to receptor trafficking to lissome for destruction. Research has shown that chronic exposure to Salomon does not only lead to uncoupling but also receptor initialization from the cell surface.Initialization occurs through the process indications, whic h happens via Claritin coated pit endoscope pathway that works by forming buds from the cell membrane (19). When this process begins, Claritin (which is a small intracellular protein) begins to arrange on the inner surface of the cell's plasma membrane below the soon to be internalized receptor. The linear ends then start coming together to form a circular Claritin coated pit that has now engulfed a part of the plasma membrane, the receptor and some extracurricular fluid (20).The pit buds off into the cell and the ends of the plasma membrane come together to correct the deficit left on the surface. This pit is now referred to as a vesicle, and it traffics contents to a cell organelle known as a lissome (21). This organelle has an acidic environment and a number of enzymes that breakdown fats, proteins and carbohydrates. The vesicle fusses with the organelle's membrane and regurgitates its contents leaving the Claritin molecules on the surface (22). The receptor and other contents ar e consequently degraded. This is not the only aspect of down regulation that plays a part in reducing receptor expression.Research has shown that ;2-receptor Mrs. levels significantly reduce in the nucleus when levels of protein kinas A become elevated for long durations (days to months). Clinical features Clinical features of Salomon resistance occur when patients are intolerant to the drug therapy. Recovery, after therapy, is prolonged or absent even after maximum amelioration AT receive dose. I en most gallants clinical Torture appears in the deterioration of asthma and the subsequent exacerbation of the symptoms. Drug resistant asthma presents with (23); Worsening dyspepsia. Continuous wheezing and breathlessness. Chest tightness.These patients have developed tolerance to Salomon, therefore, are resistant to the therapy. With subsequent increase in the dose therapy which is not effective, patients with theoretically hyper-responsiveness with or without exposure to allergens and with the resulting inflammatory changes and bronchi-constriction, asthma worsens. The most severe clinical feature can present like status asthmatics or acute severe asthma. This present as episodes of severe asthma, failing to respond to usual effective doses of Salomon (24). There is progressive respiratory failure even within the course of therapy.This episode can progress to fatal asthma. Patients present with; Significant wheezing and dyspepsia. Severe respiratory distress. Hyperventilation and subsequent respiratory leukemia. Features of metabolic acidosis due to anaerobic respiration and elevated levels of lactate from the respiratory muscles (25). Severe asthma will occur with increasing degree of hyper-reactivity due to intolerance to drug therapy: ineffective relief and loss of bronchitis tone. Clinical feature can also occur as a result of high drug dosage. Resistance causes a patient who is in respiratory distress to use increasing and more frequent doses of albums.High doses produce toxicities which can present with systemic features (26). In the respiratory system; there can be hyperemia. Salomon is a psychosomatic agent (beta 2 agonies) the vacillators effect of beta 2 Zionists increases perfusion of poorly ventilated lung units, transiently decreasing arterial oxygen tension (27). Significance of this effect depends on initial partial pressure of oxygen of the patient. Hyperemia will present clinically as occasions, respiratory distress, and tachyons. There can be paradoxical bronchus's due to the Atonally antagonism to Transcendentalist erect AT SalomonI en spasms, AT the smooth muscles lining the bronchi, are due to psychosomatic action of Salomon and adrenaline stimulation. In the cardiovascular system, the psychosomatic action of Salomon can cause toxicity which might result in cardiac arrhythmias, arterial fibrillation, supercritical tachycardia and extra systole (29). There can be an occurrence of coronary insufficiency due to hyperemia, atheistically and resulting tachycardia, peripheral bastardization with a compensatory small increase in heart rate, hypertension and palpitation. In the endocrine and metabolic system, there can be hypoglycemia.Salomon may stimulate sodium and potassium Tapes which causes redistribution of electrolytes (30). Hyperglycemia in a diabetic patient; Salomon stimulates the beta 2 transporters which stimulate hepatic glycogen breakdown for pancreatic release of clangor which increase plasma glucose. In the central nervous system, overdose of Salomon therapy intolerance can produce CONS symptoms such as insomnia, weakness, dizziness, nervousness, tremors, transient muscle cramps and headache. Rarely reported effects include drowsiness, irritability, chest discomfort and difficulty in instruction (31).Diagnosis Diagnosis of Salomon resistance follows the clinical guidelines of a full comprehensive history of the patient, physical exam, and investigation to confirm the patient's tolerance to drugs. In taking the history certain question might lead to the discovery that a patient previously on Salomon therapy is unresponsive to the drug. When doing a physical exam, clinician should check out for general observation such as respiratory distress and occasions. In doing a systemic exam, focusing on the respiratory system may bring out worsening respiratory function.Clinician may find wheezing with other signs indicative of exacerbated asthma. Investigation Investigative studies are confirmatory and supportive to the diagnosis. The base lines include; Full blood count. Urea electrolyte count. Liver function tests. Random blood sugar if suspecting diabetes. I en consoler long toner tests In prospector s o mol toxicity al u TA Pulmonary function tests Serum blood gas analysis with pH profile Cardiograms to check arrhythmias Gene typing; the cornerstone of Salomon resistance detection is gene typing. Experimental studies have shown that tolerance in asthma is in the polymorphi sm of he DRAB gene.Analysis show that tolerance is in the glycogen allele at position 16 and 21 at the beta receptor gene. Gene typing for polymorphism can aid in identifying patients with drug resistant asthma (32). Management Management can be categorized as supportive, specific, preventive and rehabilitative. Supportive management include; Outpatient monitoring if not severe Admission to a hospital if severe. Severe asthma necessitates immediate admission as it can be fatal. Oxygen therapy. Intubations and mechanical ventilation if severe. Use of parental corticosteroids which are anti-inflammatory.Fluid and electrolyte resuscitation in the case of hypoglycemia. Frequent monitoring of patients to the drug. Specific management is both surgical and medical. Surgical management, research is still underway and ongoing. Medical management includes the use of a second-line therapy like monopolies, astatine and antihistamines. There is also use of cardiac-selective beta adrenaline block ing agents and corticosteroids in Salomon toxicity. Other drugs can be used depending on symptom's of resistance, for example; interventions, insulin and any other depending on the symptoms of the patient.Surgical intervention for example attempting bronchial thermoplastic. This is a bronchitis procedure in which delivered thermal energy to airways; it reduces airway smooth muscle hyper responsiveness. It has been also shown to be beneficial in treatment of severe asthma where continuous therapy has failed. Preventive management Includes gene typing early enough to Isolate patients wilt Salomon resistance by checking the beta AR gene. The other way is to prevent high-drug toxicity. Rehabilitative management of any complication that might occur is essential.

International Movie Revenues: Determinants and Impact of the Financial Crisis

Institute of Economic Studies Faculty of Social Sciences Charles University in Prague Empirical Project Assignment — Econometrics II Due on Friday, 13 January 2012, 11. 00 International movie revenues: determinants and impact of the financial crisis Marek Kre? mer, Jan Mati? ka c c International movie revenues : Determinants and impact of the ? nancial crisis Table of Contents Abstract Keywords Introduction Literature survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data analysis variables used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Results model 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Conclusion References primary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . secondary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . data sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Appendix Descriptive statistics for the dependent variables model 1 . . . . . . . . . . . . . . . . . . . . . . . Residuals versus ? tted values plot . . . . . Breusch-Pagan test for heteroskedasticity . model 2 . . . . . . . . . . . . . . . . . . . . . . . Residuals versus ? tted values plot . . . . . . Breusch-Pagan test for heteroskedasticity . The correlation matrix . . . . . . . . . . . . 2 2 2 2 3 3 4 4 4 4 6 6 6 7 8 8 8 8 9 9 10 11 11 12 13 13 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Marek Kre? mer, Jan Mati? ka c c Page 1 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Abstract This empirical project examines the determinants of international box o? ce revenues for movies produced in United States during 2006 – 2010. Our sample consists of 424 ? lms released in this period. We also test the hypothesis if the world ? nancial crisis had any signi? can t impact on the international box o? ce revenues. Keywords the ? ancial crisis, movie international box o? ce revenue, movies produced in the United States, budget, rating, Academy Awards, Introduction When choosing a topic of our empirical paper we were considering di? erent suggestions. As we both are pretty much interested in movies we ? nally decided to exit a viewer seat for a while and perform an empirical study on the movie industry. While being newcommers in sophisticated movie data analysis, we needed ? rst to get acquainted with important theoretical concepts and empirical papers concerning this topic. Literature survey When going down the history, [Litman, 1983] was the ? st who has attempted to predict the ? nancial success of ? lms. He has performed a multiple regression and found a clear evidence that various independent variables have a signi? cant and serious in? uence on the ? nal success of a movie. Litemans work has been gradually getting developed, [Faber & Oâ₠¬â„¢Guinn, 1984] tested the in? uence of ? lm advertising. They proved, that movie critics and word-of-mouth are less important then movie previews and excerpts when explaininng movie succes after going on public. [Eliashberg & Shugan, 1997] explored the impact of restricted-rating labeled movies on their box o? e performance. [Terry, Butler & De’Armond, 2004] analysed the determinants of movie video rental revenue, ? nding Academy Award nominations as the dominant factor. [King, 2007] followed their research and used U. S. movie data to ? nd the connection between the criticism and box o? ce earnings†¦ Many other authors has extended the initial work of [Litman, 1983], but none of them has focused on the key factors of the international box o? ce revenues as we planned to. So we ? nally decided to use [Terry, Cooley & Zachary, 2010] as our primary source. Their object of interest is very much similar to our resarch.Therefore we studied their metodology the most and we u se their results in the analytical part as a primary resource of comparison. Marek Kre? mer, Jan Mati? ka c c Page 2 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Data We got quickly stucked realising that the strong majority of movie data on the internet are not free available. It was quite a surprise because there are many movie-oriented sites with seemingly endless data access. But when there is a need of more profound, well structured and complete set of random data everything gets little bit tricky.After hours of searching, we luckily got to a 30 days free access to this kind of databases [opusdata. com] and got the core data for our analysis. Then we wanted to add some interesting or usefull variables just as the movie rating or the number of AcademyAwards to complete our dataset. It has been done using well known and free accessed databases [imdb. com], [numbers. com] and [boxo? cemojo. com]. Thanks to our literature survey we discovered a model which we have thought would be interesting to test on di? erent or new data. The most interesting would be to test it on our domestic data but these are quite di? ult to obtain (as explained before). Anyway, it would be possible to get data for the highest grossing ? lms but that would violate the assumption of random sample. Therefore we decided to use data from U. S. and Canada which we considered the most likely to obtain. We also wanted to test whether the ? nancial crisis have had an impact on movie box o? ce revenues and whether the world ? nancial crisis made people less likely to go to the cinema. Model We considered several models and in the end we used two models. The ? rst one is just the same as the one used in paper [Terry, Cooley & Zachary, 2010], but it is slightly modi? d by using di? erent data plus setting the crisis variable. We considered it as a dummy variable, which was 1 if the movie was released during crisis (2008-2009), otherwise it is equal to zer o. As it was proposed before, this model has been used as a comparison to the original model [Terry, Cooley & Zachary, 2010] wihle we wanted to test whether their inference holds up with slightly di? erent and newer data. In the second model we tried to use a slightly di? erent approach. We used a time series model with year dummies and we also used all the variables which we obtained and were statistically signi? ant. Our ? rst model is basic linear regression with cross-sectional data. Our data are a random sample thanks to [opusdata. com] query which was capable of selecting a random sample of movies. We have tested all the variables for multicollinearity with the correlation matrix and there is no proof for multicollinearity in our used variables. The only high collinearity is between domestic and budget variables, which is about 0. 75. After running the regressions we have used the Breusch-Pagan test for heteroscedasticity and the chi squared was really high therefore showing s igns of strong heteroscedasticity.Even after looking at the graph of residuals against ? tted values it was clear that the heteroscedasticity is present. Therefore we had to run the regressions with the heteroscedasticity robust errors. We therefore tested in both models for presence of these: †¢ the variables which have an impact on movie international box revenues †¢ any signi? cant impact of ? nancial crisis on these revenues Marek Kre? mer, Jan Mati? ka c c Page 3 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Data analysis Here we list all the used variables in both models and their a description. ariables used academy awards . . . . . . . . . number of Academy Awards a ? lm earned action . . . . . . . . . . . . . . . . . . categorical variable for movies in action genre animation . . . . . . . . . . . . . . . categorical variable for movies in animation production method budget . . . . . . . . . . . . . . . . . . the estimated pr oduction and promotion cost of a movie comedy . . . . . . . . . . . . . . . . . . categorical variable for movies in comedy genre crisis . . . . . . . . . . . . . . . . . . dummy variable for movies released during crisis domestic . . . . . . . . . . . . . . . omestic box o? ce earnings horror . . . . . . . . . . . . . . . . . . categorical variable for movies in horror genre international . . . . . . . . . . . . international box o? ce earnings kids . . . . . . . . . . . . . . . . . . categorical variable for movies for children rating . . . . . . . . . . . . . . . . . . average user rating from the [imdb. com] source ratingR . . . . . . . . . . . . . . . . . . is a categorical variable for movies with a restricted rating romantic . . . . . . . . . . . . . . . . . . categorical variable for movies in romantic genre sequel . . . . . . . . . . . . . . . . . categorical variable for movies derived from a previously released ? lm y06 ? y10 . . . . . . . . . . . . . . . . . . dummy vari able for movies released in a year The list of variables is followed by both model equations and reggression table comparism, while model 1 and model 2 mean the original [Terry, Cooley & Zachary, 2010] model and our new model respectivelly. model 1 international = ? 0 + ? 1 domestic + ? 2 action + ? 3 kids + ? 4 ratingR+ + ? 5 sequel + ? 6 rating + ? 7 academy awards + ? 8 budget + ? 9 crisis model 2 international = + + ? 0 + ? 1 academy awards + ? 2 budget + ? 3 domestic + ? 4 sequel + ? horror + ? 6 romantic + ? 7 comedy + ? 8 action + ? 9 ratingR + ? 10 animation + ? 11 y06 + ? 12 y07 + ? 13 y08 + ? 14 y09 Marek Kre? mer, Jan Mati? ka c c Page 4 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Table 1: Model comparison model 1 domestic action kids rating R sequel rating academy awards budget crisis horror romantic comedy animation y 06 y 07 y 08 y 09 Constant Observations t statistics in parentheses ? model 2 1. 025 (13. 31) -18. 56? (-2. 29) 1 . 028 (12. 70) -13. 43 (-1. 79) 48. 33? (2. 10) 5. 922 (1. 52) 26. 91? (2. 06) 0. 309 (1. 42) 6. 978? (2. 33) 0. 68 (5. 48) -5. 320 (-1. 01) 9. 259? (2. 36) 28. 74? (2. 16) 7. 097 (2. 59) 0. 508 (4. 73) -9. 867? (-2. 23) 13. 41 (1. 79) -17. 77 (-3. 31) 52. 02 (2. 87) -7. 962 (-1. 24) 1. 182 (0. 17) -6. 748 (-1. 01) -11. 79 (-1. 30) -43. 25 (-3. 05) 424 -15. 11? (-2. 41) 424 p < 0. 05, p < 0. 01, p < 0. 001 Marek Kre? mer, Jan Mati? ka c c Page 5 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Results model 1 After running the ? rst regression we get quite similar results as [Terry, Cooley & Zachary, 2010], so their inference holds up even under our data.The similar results we get are that one dollar in revenues in US makes $1. 02 in international revenues, therefore succesful movie in US is likely to be similarly succesful in international theatres, if movie is a sequel it adds to revenues about $26 mil. , every academy award adds about $7 mil. and every additional dollar spent on budget adds about $0. 57 so there is about 57% return on budget. We also have similarly insigni? cant variables which are whether is movie rated as restricted and how great or poorly is movie rated by critics or other people.That means that international audience is not in? uenced by age restrictions and critical movie ratings. When we look at our and theirs results regarding the genres then we get quite di? erent results. They say that when a movie is of an action genre then it adds about $26 mil. whereas we obtained results that revenues for an action movie should be lower about $13 mil. and our result for children movies is two times larger and it says that a children movie should make about $48 mil. more. It could be explained that movie genre preferences shifted in the last two years.But more likely explanation is the di? erence in our data in labeling the movies. In our data we have had more detailed labeling and movies which they had labe led as action movies, we had labeled adventure movies etc. Therefore the strictly action movie genre is not so probable to make money as it would seem. Action movies are usually of low quality and many of them could be labeled as B-movies which usually are not very likely to have high revenues. The children movies could be getting more popular and taking children to the movies could be getting more usual thing.Our last and new variable is the crisis dummy which is not signi? cant and therefore we have no proof that the ? nancial crisis had any e? ect on movie revenues. Our model has quite high R2 which is about 0. 83, that is even higher then [Terry, Cooley & Zachary, 2010] have. But the main reason behind this high R2 is that most of the variation in data is explained by US revenues. If we regress international revenues on domestic alone we still get high R2 which is about 0. 59. model 2 In our time series model we get quite similar results as in the ? rst one. We have there ? e ne w variables which are genres comedy, romantic and horror, animation dummy, which tells us whether the movie is animated or not and year dummies. Our model implies that when a movie is a comedy it will make about $17 mil. less in revenues, when horror about $10 mil. less, when romantic about $13 mil. more and when animated it will add about $52 mil to its revenues. The restricted rating is now also statistically signi? cant and it should add to the revenues about $9 mil. which is quite unexpected. Y ear dummies are statistically non-signi? cant and even when we test them for joint signi? ance they are jointly non-signi? cant. Therefore even in this model there appears no reason to believe that the ? nancial crisis or even year makes di? erence in the movie revenues. Marek Kre? mer, Jan Mati? ka c c Page 6 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Conclusion The inferences from our models are quite like we expected. We expected that people ar e more likely to go to cinema to see movies that had won academy awards, that were succesful in U. S. theatres and that are some kind of sequel to previous succesful movies. The resulting e? cts of di? erent movie genres could be quite puzzling but these e? ects depend highly on quality of the movies released these years and on the mood and taste of current society. If we had had larger sample with data from many years then it is possible that we would have seen trends in the di? erent movie genres. The insigni? cance of the ? nancial crisis on movie revenues was also likely because the severity of the crisis and impact on regular citizen has not been so large that it would in? uence his attendence of movie theatres. Marek Kre? mer, Jan Mati? ka c c Page 7 of 14International movie revenues : Determinants and impact of the ? nancial crisis Reference primary [Terry, Cooley & Zachary, 2010] Terry, Neil, John W. Cooley, & Miles Zachary (2010). The Determinants of Foreign Box O? ce Reven ue for English Language Movies. Journal of International Business and Cultural Studies, 2 (1), 117-127. secondary [Eliashberg & Shugan, 1997] Eliashberg, Jehoshua & Steven M. Shugan (1997). Film Critics: In? uencers or Predictors? Journal of Marketing, 61, 68-78. [Faber & O’Guinn, 1984] Faber, Ronald & Thomas O’Guinn (1984). E? ect of Media Advertising and Other Sources on Movie Selection.Journalism Quarterly, 61 (summer), 371-377. [King, 2007] King, Timothy (2007). Does ? lm criticism a? ect box o? ce earnings? Evidence from movies released in the U. S. in 2003. Journal of Cultural Economics, 31, 171-186. [Litman, 1983] Litman, Barry R. (1983). Predicting Success of Theatrical Movies: An Empirical Study. Journal of Popular Culture, 16 (spring), 159-175. [Ravid, 1999] Ravid, S. Abraham (1999). Information, Blockbusters, and Stars: A Study of the Film Industry. Journal of Business, 72 (4), 463-492. [Terry, Butler & De’Armond, 2004] Terry, Neil, Michael Butler & D e’Arno De’Armond (2004).The Economic Impact of Movie Critics on Box O? ce Performance. Academy of Marketing Studies Journal, 8 (1), page 61-73. data sources [opusdata. com] Opus data – movie data through a query interface. 30-days free trial. http://www. opusdata. com/ [imdb. com] The Internet Movie Database (IMDb). The biggest, best, most award-winning movie site on the planet. http://www. imdb. com [numbers. com] The numbers. Box o? ce data, movies stars, idle speculation. http://www. the-numbers. com [boxo? cemojo. com] Box o? ce mojo. Movie web site with the most comprehensive box o? ce database on the Internet. ttp://www. boxofficemojo. com Marek Kre? mer, Jan Mati? ka c c Page 8 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Appendix Descriptive statistics for the dependent variables Marek Kre? mer, Jan Mati? ka c c Page 9 of 14 International movie revenues : Determinants and impact of the ? nancial crisis model 1 Regr ession of the original model published in [Terry, Cooley & Zachary, 2010] Marek Kre? mer, Jan Mati? ka c c Page 10 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Residuals versus ? tted values plotBreusch-Pagan test for heteroskedasticity Marek Kre? mer, Jan Mati? ka c c Page 11 of 14 International movie revenues : Determinants and impact of the ? nancial crisis model 2 Regression of our model Marek Kre? mer, Jan Mati? ka c c Page 12 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Residuals versus ? tted values plot Breusch-Pagan test for heteroskedasticity Marek Kre? mer, Jan Mati? ka c c Page 13 of 14 International movie revenues : Determinants and impact of the ? nancial crisis The correlation matrix Marek Kre? mer, Jan Mati? ka c c Page 14 of 14 International Movie Revenues: Determinants and Impact of the Financial Crisis Institute of Economic Studies Faculty of Social Sciences Charles University in Prague Empirical Project Assignment — Econometrics II Due on Friday, 13 January 2012, 11. 00 International movie revenues: determinants and impact of the financial crisis Marek Kre? mer, Jan Mati? ka c c International movie revenues : Determinants and impact of the ? nancial crisis Table of Contents Abstract Keywords Introduction Literature survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data analysis variables used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Results model 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . model 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Conclusion References primary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . secondary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . data sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Appendix Descriptive statistics for the dependent variables model 1 . . . . . . . . . . . . . . . . . . . . . . . Residuals versus ? tted values plot . . . . . Breusch-Pagan test for heteroskedasticity . model 2 . . . . . . . . . . . . . . . . . . . . . . . Residuals versus ? tted values plot . . . . . . Breusch-Pagan test for heteroskedasticity . The correlation matrix . . . . . . . . . . . . 2 2 2 2 3 3 4 4 4 4 6 6 6 7 8 8 8 8 9 9 10 11 11 12 13 13 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Marek Kre? mer, Jan Mati? ka c c Page 1 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Abstract This empirical project examines the determinants of international box o? ce revenues for movies produced in United States during 2006 – 2010. Our sample consists of 424 ? lms released in this period. We also test the hypothesis if the world ? nancial crisis had any signi? can t impact on the international box o? ce revenues. Keywords the ? ancial crisis, movie international box o? ce revenue, movies produced in the United States, budget, rating, Academy Awards, Introduction When choosing a topic of our empirical paper we were considering di? erent suggestions. As we both are pretty much interested in movies we ? nally decided to exit a viewer seat for a while and perform an empirical study on the movie industry. While being newcommers in sophisticated movie data analysis, we needed ? rst to get acquainted with important theoretical concepts and empirical papers concerning this topic. Literature survey When going down the history, [Litman, 1983] was the ? st who has attempted to predict the ? nancial success of ? lms. He has performed a multiple regression and found a clear evidence that various independent variables have a signi? cant and serious in? uence on the ? nal success of a movie. Litemans work has been gradually getting developed, [Faber & Oâ₠¬â„¢Guinn, 1984] tested the in? uence of ? lm advertising. They proved, that movie critics and word-of-mouth are less important then movie previews and excerpts when explaininng movie succes after going on public. [Eliashberg & Shugan, 1997] explored the impact of restricted-rating labeled movies on their box o? e performance. [Terry, Butler & De’Armond, 2004] analysed the determinants of movie video rental revenue, ? nding Academy Award nominations as the dominant factor. [King, 2007] followed their research and used U. S. movie data to ? nd the connection between the criticism and box o? ce earnings†¦ Many other authors has extended the initial work of [Litman, 1983], but none of them has focused on the key factors of the international box o? ce revenues as we planned to. So we ? nally decided to use [Terry, Cooley & Zachary, 2010] as our primary source. Their object of interest is very much similar to our resarch.Therefore we studied their metodology the most and we u se their results in the analytical part as a primary resource of comparison. Marek Kre? mer, Jan Mati? ka c c Page 2 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Data We got quickly stucked realising that the strong majority of movie data on the internet are not free available. It was quite a surprise because there are many movie-oriented sites with seemingly endless data access. But when there is a need of more profound, well structured and complete set of random data everything gets little bit tricky.After hours of searching, we luckily got to a 30 days free access to this kind of databases [opusdata. com] and got the core data for our analysis. Then we wanted to add some interesting or usefull variables just as the movie rating or the number of AcademyAwards to complete our dataset. It has been done using well known and free accessed databases [imdb. com], [numbers. com] and [boxo? cemojo. com]. Thanks to our literature survey we discovered a model which we have thought would be interesting to test on di? erent or new data. The most interesting would be to test it on our domestic data but these are quite di? ult to obtain (as explained before). Anyway, it would be possible to get data for the highest grossing ? lms but that would violate the assumption of random sample. Therefore we decided to use data from U. S. and Canada which we considered the most likely to obtain. We also wanted to test whether the ? nancial crisis have had an impact on movie box o? ce revenues and whether the world ? nancial crisis made people less likely to go to the cinema. Model We considered several models and in the end we used two models. The ? rst one is just the same as the one used in paper [Terry, Cooley & Zachary, 2010], but it is slightly modi? d by using di? erent data plus setting the crisis variable. We considered it as a dummy variable, which was 1 if the movie was released during crisis (2008-2009), otherwise it is equal to zer o. As it was proposed before, this model has been used as a comparison to the original model [Terry, Cooley & Zachary, 2010] wihle we wanted to test whether their inference holds up with slightly di? erent and newer data. In the second model we tried to use a slightly di? erent approach. We used a time series model with year dummies and we also used all the variables which we obtained and were statistically signi? ant. Our ? rst model is basic linear regression with cross-sectional data. Our data are a random sample thanks to [opusdata. com] query which was capable of selecting a random sample of movies. We have tested all the variables for multicollinearity with the correlation matrix and there is no proof for multicollinearity in our used variables. The only high collinearity is between domestic and budget variables, which is about 0. 75. After running the regressions we have used the Breusch-Pagan test for heteroscedasticity and the chi squared was really high therefore showing s igns of strong heteroscedasticity.Even after looking at the graph of residuals against ? tted values it was clear that the heteroscedasticity is present. Therefore we had to run the regressions with the heteroscedasticity robust errors. We therefore tested in both models for presence of these: †¢ the variables which have an impact on movie international box revenues †¢ any signi? cant impact of ? nancial crisis on these revenues Marek Kre? mer, Jan Mati? ka c c Page 3 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Data analysis Here we list all the used variables in both models and their a description. ariables used academy awards . . . . . . . . . number of Academy Awards a ? lm earned action . . . . . . . . . . . . . . . . . . categorical variable for movies in action genre animation . . . . . . . . . . . . . . . categorical variable for movies in animation production method budget . . . . . . . . . . . . . . . . . . the estimated pr oduction and promotion cost of a movie comedy . . . . . . . . . . . . . . . . . . categorical variable for movies in comedy genre crisis . . . . . . . . . . . . . . . . . . dummy variable for movies released during crisis domestic . . . . . . . . . . . . . . . omestic box o? ce earnings horror . . . . . . . . . . . . . . . . . . categorical variable for movies in horror genre international . . . . . . . . . . . . international box o? ce earnings kids . . . . . . . . . . . . . . . . . . categorical variable for movies for children rating . . . . . . . . . . . . . . . . . . average user rating from the [imdb. com] source ratingR . . . . . . . . . . . . . . . . . . is a categorical variable for movies with a restricted rating romantic . . . . . . . . . . . . . . . . . . categorical variable for movies in romantic genre sequel . . . . . . . . . . . . . . . . . categorical variable for movies derived from a previously released ? lm y06 ? y10 . . . . . . . . . . . . . . . . . . dummy vari able for movies released in a year The list of variables is followed by both model equations and reggression table comparism, while model 1 and model 2 mean the original [Terry, Cooley & Zachary, 2010] model and our new model respectivelly. model 1 international = ? 0 + ? 1 domestic + ? 2 action + ? 3 kids + ? 4 ratingR+ + ? 5 sequel + ? 6 rating + ? 7 academy awards + ? 8 budget + ? 9 crisis model 2 international = + + ? 0 + ? 1 academy awards + ? 2 budget + ? 3 domestic + ? 4 sequel + ? horror + ? 6 romantic + ? 7 comedy + ? 8 action + ? 9 ratingR + ? 10 animation + ? 11 y06 + ? 12 y07 + ? 13 y08 + ? 14 y09 Marek Kre? mer, Jan Mati? ka c c Page 4 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Table 1: Model comparison model 1 domestic action kids rating R sequel rating academy awards budget crisis horror romantic comedy animation y 06 y 07 y 08 y 09 Constant Observations t statistics in parentheses ? model 2 1. 025 (13. 31) -18. 56? (-2. 29) 1 . 028 (12. 70) -13. 43 (-1. 79) 48. 33? (2. 10) 5. 922 (1. 52) 26. 91? (2. 06) 0. 309 (1. 42) 6. 978? (2. 33) 0. 68 (5. 48) -5. 320 (-1. 01) 9. 259? (2. 36) 28. 74? (2. 16) 7. 097 (2. 59) 0. 508 (4. 73) -9. 867? (-2. 23) 13. 41 (1. 79) -17. 77 (-3. 31) 52. 02 (2. 87) -7. 962 (-1. 24) 1. 182 (0. 17) -6. 748 (-1. 01) -11. 79 (-1. 30) -43. 25 (-3. 05) 424 -15. 11? (-2. 41) 424 p < 0. 05, p < 0. 01, p < 0. 001 Marek Kre? mer, Jan Mati? ka c c Page 5 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Results model 1 After running the ? rst regression we get quite similar results as [Terry, Cooley & Zachary, 2010], so their inference holds up even under our data.The similar results we get are that one dollar in revenues in US makes $1. 02 in international revenues, therefore succesful movie in US is likely to be similarly succesful in international theatres, if movie is a sequel it adds to revenues about $26 mil. , every academy award adds about $7 mil. and every additional dollar spent on budget adds about $0. 57 so there is about 57% return on budget. We also have similarly insigni? cant variables which are whether is movie rated as restricted and how great or poorly is movie rated by critics or other people.That means that international audience is not in? uenced by age restrictions and critical movie ratings. When we look at our and theirs results regarding the genres then we get quite di? erent results. They say that when a movie is of an action genre then it adds about $26 mil. whereas we obtained results that revenues for an action movie should be lower about $13 mil. and our result for children movies is two times larger and it says that a children movie should make about $48 mil. more. It could be explained that movie genre preferences shifted in the last two years.But more likely explanation is the di? erence in our data in labeling the movies. In our data we have had more detailed labeling and movies which they had labe led as action movies, we had labeled adventure movies etc. Therefore the strictly action movie genre is not so probable to make money as it would seem. Action movies are usually of low quality and many of them could be labeled as B-movies which usually are not very likely to have high revenues. The children movies could be getting more popular and taking children to the movies could be getting more usual thing.Our last and new variable is the crisis dummy which is not signi? cant and therefore we have no proof that the ? nancial crisis had any e? ect on movie revenues. Our model has quite high R2 which is about 0. 83, that is even higher then [Terry, Cooley & Zachary, 2010] have. But the main reason behind this high R2 is that most of the variation in data is explained by US revenues. If we regress international revenues on domestic alone we still get high R2 which is about 0. 59. model 2 In our time series model we get quite similar results as in the ? rst one. We have there ? e ne w variables which are genres comedy, romantic and horror, animation dummy, which tells us whether the movie is animated or not and year dummies. Our model implies that when a movie is a comedy it will make about $17 mil. less in revenues, when horror about $10 mil. less, when romantic about $13 mil. more and when animated it will add about $52 mil to its revenues. The restricted rating is now also statistically signi? cant and it should add to the revenues about $9 mil. which is quite unexpected. Y ear dummies are statistically non-signi? cant and even when we test them for joint signi? ance they are jointly non-signi? cant. Therefore even in this model there appears no reason to believe that the ? nancial crisis or even year makes di? erence in the movie revenues. Marek Kre? mer, Jan Mati? ka c c Page 6 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Conclusion The inferences from our models are quite like we expected. We expected that people ar e more likely to go to cinema to see movies that had won academy awards, that were succesful in U. S. theatres and that are some kind of sequel to previous succesful movies. The resulting e? cts of di? erent movie genres could be quite puzzling but these e? ects depend highly on quality of the movies released these years and on the mood and taste of current society. If we had had larger sample with data from many years then it is possible that we would have seen trends in the di? erent movie genres. The insigni? cance of the ? nancial crisis on movie revenues was also likely because the severity of the crisis and impact on regular citizen has not been so large that it would in? uence his attendence of movie theatres. Marek Kre? mer, Jan Mati? ka c c Page 7 of 14International movie revenues : Determinants and impact of the ? nancial crisis Reference primary [Terry, Cooley & Zachary, 2010] Terry, Neil, John W. Cooley, & Miles Zachary (2010). The Determinants of Foreign Box O? ce Reven ue for English Language Movies. Journal of International Business and Cultural Studies, 2 (1), 117-127. secondary [Eliashberg & Shugan, 1997] Eliashberg, Jehoshua & Steven M. Shugan (1997). Film Critics: In? uencers or Predictors? Journal of Marketing, 61, 68-78. [Faber & O’Guinn, 1984] Faber, Ronald & Thomas O’Guinn (1984). E? ect of Media Advertising and Other Sources on Movie Selection.Journalism Quarterly, 61 (summer), 371-377. [King, 2007] King, Timothy (2007). Does ? lm criticism a? ect box o? ce earnings? Evidence from movies released in the U. S. in 2003. Journal of Cultural Economics, 31, 171-186. [Litman, 1983] Litman, Barry R. (1983). Predicting Success of Theatrical Movies: An Empirical Study. Journal of Popular Culture, 16 (spring), 159-175. [Ravid, 1999] Ravid, S. Abraham (1999). Information, Blockbusters, and Stars: A Study of the Film Industry. Journal of Business, 72 (4), 463-492. [Terry, Butler & De’Armond, 2004] Terry, Neil, Michael Butler & D e’Arno De’Armond (2004).The Economic Impact of Movie Critics on Box O? ce Performance. Academy of Marketing Studies Journal, 8 (1), page 61-73. data sources [opusdata. com] Opus data – movie data through a query interface. 30-days free trial. http://www. opusdata. com/ [imdb. com] The Internet Movie Database (IMDb). The biggest, best, most award-winning movie site on the planet. http://www. imdb. com [numbers. com] The numbers. Box o? ce data, movies stars, idle speculation. http://www. the-numbers. com [boxo? cemojo. com] Box o? ce mojo. Movie web site with the most comprehensive box o? ce database on the Internet. ttp://www. boxofficemojo. com Marek Kre? mer, Jan Mati? ka c c Page 8 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Appendix Descriptive statistics for the dependent variables Marek Kre? mer, Jan Mati? ka c c Page 9 of 14 International movie revenues : Determinants and impact of the ? nancial crisis model 1 Regr ession of the original model published in [Terry, Cooley & Zachary, 2010] Marek Kre? mer, Jan Mati? ka c c Page 10 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Residuals versus ? tted values plotBreusch-Pagan test for heteroskedasticity Marek Kre? mer, Jan Mati? ka c c Page 11 of 14 International movie revenues : Determinants and impact of the ? nancial crisis model 2 Regression of our model Marek Kre? mer, Jan Mati? ka c c Page 12 of 14 International movie revenues : Determinants and impact of the ? nancial crisis Residuals versus ? tted values plot Breusch-Pagan test for heteroskedasticity Marek Kre? mer, Jan Mati? ka c c Page 13 of 14 International movie revenues : Determinants and impact of the ? nancial crisis The correlation matrix Marek Kre? mer, Jan Mati? ka c c Page 14 of 14