Sceond Cut Exam 2 SIS Essays Essays (954 words) - Education, Science

Siddarth Luthra Herndon 8-10 HR393 Character Count:1,645 Writing Prompt (SIS 1) I am most definitely an innovator. I love to improve and modernize things all the time. I used to be a big fan of Lego robotics, and I would always build robots from Legos using the instruction set that came with it. When I ran out of things to build with the instructions, I went searching online for more things to build. I came across a Rubik's Cube Solver. I used my Mindstorms EV3 Legos and built the robot. When I tried it out, unfortunately, it did not work. I spent days checking the sensors and making small tweaks to the robot, buying new pieces, changing the coding, and so much more. After multiple weeks of spending at least an hour a day changing parts, 3D printing parts, innovating the coding, and learning how to solve the Rubik's Cube myself, I finally was able to finish a successfully working Rubik's Cube Solver with my Lego set. When I was improving the robot, I was also documenting what I was doing so I added everything I did to the original instructions, and then cr eated my own instructions. Later on, I emailed the person to originally create the robot and told him the problems I ran into and sent him my improved code for the robot and my improved instructions. When he looked over my ideas, he added my instructions and coding to his website. Another time was when I fixed my 3D printer from catching on fire, and improved it by making pieces from another 3D printer to fix mine. I believe that my skills of innovation will be very useful in a STEM school, because I can help change things for the better, and show people how I evaluate things to work. I never give up on trying to make things better and improved. SIS 2 Character Count:1,598 Many people want to grow up and live a life where they have a lot of money from being famous, becoming a doctor, lawyer, or another high paying job. My goal in life is a goal that involves my passions in life. I want to combine my passions and make a living out of it. My passions are music and STEM, more specifically in the math, technology and engineering related areas. I play the trombone, piano, drum set, and I DJ. I also build 3D printers, do technology related competitions, and do high level math. I want to incorporate technology with music and make a living out of it. There is a person that goes by the name of DJ Enferno, he is a DJ himself and uses technology, to make himself an amazing DJ. He makes remixes using his own software, other software, and different MIDI devices. I want to be similar to him, I want to make my own software and build my own DJ mixer, controller, and turntables, to make myself an amazing DJ. I believe that with the help of a STEM school, I can do that because, I can learn from a community of STEM oriented people, on how to do things like building music related machines, and making my own software. A STEM school could give more opportunities to learn about more of what I want to do in life. My base high school, would give me opportunities that every student has, when I want to have opportunities that help me be unique and different, because to accomplish a different goal, I must have different opportunities. A STEM oriented community of learners, will help me reach my goals, because my goals require Science, Technology, Engineering, and Math. SIS 3 Character Count:1,647 I participate in a competition called Technology Student Association (TSA). In TSA there are many events, group and individual events. I am currently in a group event, and my role in the group is being the leader and making sure everyone is having a good time. My group is working on a problem that was given to use and we are using Arduino circuit boards and other items to build a type of pair of glasses that can help blind people know where they are going. In my group there have been times

Niccolo` Machiavelli essays

Niccolo` Machiavelli essays Lorenzo Di Piero De` Medici was more than likely unaware of the offering he was to receive from Niccolo` Machiavelli. In his hands a book of great political knowledge was soon to be placed. Highly revered as the greatest work of those times I still find it highly applicable to the situations of those who are in power today. Machiavelli gives a rational approach to everything from attaining and keeping power to governing and ruling in a wise manner. "The Prince" sets the foundation for political fortune and respect that seems timeless. In chapter six "Of New Princedoms Which A Prince Acquires With His Own Arms And By Merit" is a very accurate depiction of change in leadership. "For he who innovates will have for his enemies all those who are well off under the existing order of things, and only lukewarm supporters in those who might be better off under the new." (Machiavelli pg. 13) By stating this Machiavelli sheds perfect light on the subject of leadership change. Those who are all for the current way things are done will naturally be enemies of any new standard. Those who are either neutral or welcome the change will still be hesitant toward the new direction. The thing that I find so fascinating about the statement is that it is a simple observation that still can be made to this day. Take the Presidential election of 2004 Bush vs. Kerry and the comparison jumps out at you. People afraid of change were enemies or opposed to Kerry while those who wanted change were still hesitant in choosing him as our leader. In matters of soldiers and war he lays out the difference between a Prince's own subjects (homeland troops) or mercenaries. He paints the mercenaries as unreliable and cowardly in battle. "And this because they have no tie or motive to keep them in the field beyond their paltry pay , in return for which it would be too much to expect them to give their lives." (Machiavelli pg. 31) Machiavelli's viewpoint is that since the ...

Benefits And Challenges Of Department Stores

Benefits And Challenges Of Department Stores Department stores represent a large retail organization which offers to consumers a large choice of goods and services. Consumers have the opportunity to compare price, quality, and service at different stores at the same time and in a limited place. So the company can profit from individual benefits other sectors. The strategy of F4U is not only to sell quality goods at a reasonable price , but also to offer a unique service .Its prices are neither as cheap as the lower end department store, nor as expensive as the high-end store. F4U will try to bring the immediate attention of consumer through visual effects like layout, displays and colored posters and will place itself directly in front of the shoppers. The company wants, thereby, to entice different target groups and gain those other brands according to the motto† good quality, fashion style, best price†. In addition F4U intend to retain its consumer through a bonus program and to collect their personal data to bui ld an aggregate profile of individual consumers to target them with special offers and appropriate advertisements. Benefits and challenges of Department stores: Department stores offer to the customer the direct experience to touch and feel the product and judge its quality as well as the possibility of living the purchase as experience (Steinmann 2011:27) .The customer can try the clothes and take them immediately. Whereby the number of returns can be decreased. The face-to-face contact is crucial for many consumers especially for old people or people who dislike shopping online. Another advantage is the longer opening hours compared to specialty retail stores especially on Friday and Saturday. Department stores have also many disadvantages such as the existing of a concrete and inflexible location. Consequently, the location is a crucial factor for the shopping place. In this context, many consumers opine that, the fixed opening hours and parking fees are unfavorable. In addition, the time exposure, due to the travelling time, could be also a problem for some consumers (Heinemann 2008:19) Furthermore, department stores emerge several costs for the company such as lease costs and staff costs. Catalog selling Catalog selling as a channel for F4U Catalog selling is one of the most popular strategies used in Fashion game. The approach involves the creation of a printed catalog with a listing of products for sale. Every product is explicitly described and clearly illustrated with a picture to make the shopping experience as real as possible for the consumer. The catalog contains also a size chart to help consumer choosing the appropriate size. F4U tries, across catalog selling, to expand its clientele and above all to attain consumers, who are not familiar with using the internet or who dislike to walk around the stores for buying clothes. The catalog will comprise different ordering informations. The consumer can choose between ordering by telephone and entering the order at the online site.F4u will also offer its consumers various delivery options .They range from shipment directly to the consumer’s address, to delivering the goods to a F4u retail store or simply to a Packstation.

Specifications of HP ProLiant DL380 G5 Storage Server Assignment

Specifications of HP ProLiant DL380 G5 Storage Server - Assignment Example Before one begins to start purchasing for a server, there are some procedures which need to be followed. The Rack height is the term used for the rackmount servers. They are in the dimension of 1U, 2U up to 7U whereby the U is the short word for the units. With the numbers, they represent the size of the rackmount. The height and width of a rackmount do not change but the depth changes. The best-required rackmount is 2U because it has the required size needed for the company and the type of services it will be carrying through. The rack can also depend on the power edge of the servers and the number of units to be used. The server needs only one processor that is fully configured because of the type of services to be offered. A processor is a machine that will be used by the company to process the office services and it needs to be connected to the server. A number of programs will run through the processor and be executed at the servers. The number of the applications to run on the processor will be determined by the capacity of the processor. If there are a lot of services and applications to be run on the processor, it needs to have a larger capacity. The capacity of the memory will be measured in numbers and for the right capacity of the company is to have two processors. The processor has a motherboard that is capable of holding the RAM. The RAM is the one that stores the information in the processor. For the company, it needs a maximum memory of 32 Gigabytes in order to store the information and data. The larger the memory, the information to be stored in the memory of the RAM in the processo r is also large in number making work at the office to be easier. The image below displays the RAM of the server. The ECC is the kind of technology protection that will monitor and support the Memory and Ram of the processor.

Algabraic Functions, real life, and teaching them to your students Essay

Algabraic Functions, real life, and teaching them to your students - Essay Example Therefore, this problem can be modeled as creating a function in which the miles per gallon (MPG) is a function of the money in dollars spent annually powering the car. Context In trying to decide what type of car to get, Ryan is looking at what kind of car he can get for the right price. Since he is a college student, he is looking for a car that gets good mileage so that he can spend less money on gas and still be able to drive around. The car dealership gave him a guide in which he could compare the amount of money he would need depending on the type of vehicle he bought. The larger, inefficient trucks typically get about 10MPG and will cost approximately $2,700 in gas per year. The dealership has it listed in increments of increasing 5 MPG, ending with the most economically and ecologically efficient cars which get around 50 MPG and only cost $540 annually to drive around. Table MPG Cost per Year in Dollars 10 $2,700.00 15 $1,800.00 20 $1,350.00 25 $1,080.00 30 $900.00 35 $771.43 40 $675.00 45 $600.00 50 $540.00 Use of Words The lower the MPG of a vehicle, the larger the annual cost is to fund the gas for travel. The higher the MPG of a vehicle, the smaller the annual cost is to fund the gas for travel.

Intellectual and cultural life of colonial Mexico Essay Example for Free

Intellectual and cultural life of colonial Mexico Essay Mexico is a land whose history is as rich and diverse as its people. Prior to the arrival of the Spaniards to Mexico the natives enjoy great progress and technology. They’ve printed books, made paper and pigments, painted murals and manuscripts, cultivated crops, made structures and lavish designs in architecture that some historians say even outdates that of Egypt, engaged in medical practice and planted botanical crops. However with the invasion of the Spanish Empire that happened between the year 1521 to 1600 the natives who posses such technologies were suppressed by the Colonialist. Various indigenous groups disappeared since the Spaniards pushed to promote Catholicism in the country in their attempt to eliminate anything that links the people from their â€Å"Pagan past†. They also brought with them superior technology from Europe which hindered the progress of technologies that they have developed before. The diversity and development of Native Mexico is shown as manuscripts of maps of the different areas in Mexico are found in â€Å"the six Relaciones Geograficas maps†. The rich text combines native and European colorants a clear manifestation of their rich technology even before the colonialist came to the country. The inhabitants of Mexico today can be classified into two groups, the Indigenous Peoples who lived before the 14th century and the Immigration people who arrived with the Spanish conquest. The former, which are the indigenous peoples are the Toltec, Omeca, Zapotec, Maya, Aztec, Huichol, Purapecha, Tarahumara and etc. The later on the other hand are a mix of different cultures due to the wave of migration brought about by the Spanish Conquerors. For us to fully understand the impact that colonization has brought to the natives, we need to discuss their culture and practices in terms of social stratification, culture, religion and economy prior to the coming of the Spaniards. Native Mexico Mexico was the site of some of the earliest and most advanced civilizations in the western hemisphere. Its human history began with the aboriginal people we call American Indians or Amerids. Archeological records date back to older than that civilization of Egypt. They were scattered groups of nomadic hunters. The Amerids then became diverse and divided into sub classes differentiating in culture, legend and practices. These are the Toltec, Maya, Omeca, Zapotec, Aztec, Purapecha, Huichol, Tarahumara and etc. Clash of cultural minorities happened and led to the fall of different empires. When the Spaniards came to Mexico the Maya and Aztec groups where predominant in the region. Their economy greatly relies on agriculture and herding. It was a society divide into three classes: slave, commoner and nobility. However, far different from that of the Spaniard, the slaves can buy their freedom and when he manages to escape from his master and makes his was safely to the royal palace he is then given immediate freedom. Social mobility was also practiced by all the classes regardless of race as long as one has enough money and resources to do so. With regards to religion, they have numerous Gods. In Aztec society in particular, their gods are Uitzilopochtli (sun god), Tlaloc (rain god), Coyolxauhqui (moon goddess), and Quetzalcoatl (inventor of writing and the calendar and also associated with the planet Venus and with resurrection) . Animal and human sacrifices were also made to honor warriors during the war and for religious ceremonies. Prisoners were also sacrificed for less important rituals. The Spaniards found the ritual horrendous since it involves human sacrifices which are against Catholic faith. The ritual would take place on top of a pyramid where the human sacrifice is placed on a convex stone and the priest would reap their hearts out using a knife (Almanac, 2005). As of press time, the modern Aztecs people number for over a million and are the largest aboriginal group in the country. Most of them are farmers who have no access to education and most are illiterate.

The Hessian Essay -- essays research papers

Living in a divided society based upon the religions of the Puritans and the Quakers, Evan Feversham sought out his own religious faith through his daily interactions with both religious groups. Evan Feversham was a very cynical man who had been witness to far to many wars and sorrowfulness. In a world already so full of hate and distress, he could no longer bear to witness such horrible acts of cruelty upon the suffering, yet he dealt with them each day being a doctor. He was a man of reason, attempting to solve his problems with plain and simple reasoning, for he did not believe in much anymore due to the events he had witnessed with his own eyes. From the very early ages of his life, Feversham had very little faith in God, for he felt that God had let him down by allowing the death of his father. From that point on, he had witnessed countless other deaths through participation in numerous wars and being a doctor. He was a man with very little faith in mankind, for all he saw were the death and misery that others inflicted upon each other. He began to lose more and more of his faith in God and began to reason more about why things happened and were the way there were. Through his daily interactions with both the Puritans and the Quakers, Evan Feversham appreciated both religious groups a bit better and picked up some of their religious beliefs. Dr. Feversham and Squire Hunt did not like each other a bit, for they shared different views about God’s word. â€Å"†¦and I say le...

Does Your Mother Tongue Shape How You Think?

In the article â€Å"Does your mother tongue shape how you think† Guy Deutscher argues that our mother tongue does indeed shape our experiences of the world. However, it does not do so as Benjamin Lee Whorf’s theory suggests but rather because of what our mother tongue habitually obliges us to think. Guy Deutscher takes a claim made by Benjamin Lee Whorf, a chemical engineer, who essentially stated that our native language constrains our mind and we are unable to grasp concepts that are not given words to in our language.He said that when a language does not have a particular word for a concept, the concept itself cannot be understood by the speaker. Deutscher argues that Whorf did not have any evidence to substantiate this theory and that his claim is wrong on many levels. He gives an example that although there isn’t an English word for Schadenfreude in German; it does not mean that an English speaker is unable to comprehend the concept of pleasure in someone e lse’s misery.Whorf’s theory was â€Å"an alluring idea about language’s power over the mind, and his stirring prose seduced a whole generation into believing that our mother tongue restricts what we are able to think. † Yet, due to the lack of evidence to back up his claim the theory crash landed. This is where Deutscher presents his argument that our mother tongue can influence and affect what it habitually obliges us to think about. He does so by presenting differences from language to language and explains the many tests that were conducted in recent years to back up his theory. i] Duetscher considers many different languages and compares the differences; such as in English we don’t have to say the gender of the person we are speaking about but in French and German we would be compelled to inform the listeners of the gender. However, in English we must speak of the timing of the event such as past, present or future but in Chinese there is one v erb that represents the concept of time. When a language routinely obliges you to specify certain types of information, this makes people stay more attentive to the details.But the little details can change from language to language and a major example is inanimate objects having a gender. There were various experiments done in recent years with German and Spanish speakers. The test was to see how each person responded to an object. When asked about a bridge the German speaker believed it to be feminine and the Spanish speaker believed it to be masculine. Another test had French and Spanish speakers asked to assign human voices to objects in cartoons.When a fork was shown, the French speakers chose a woman’s voice but the Spanish speakers chose a man’s voice. This is due to how some languages have related many inanimate nouns with gender; which Deutscher believes does affect how people see different things in the world and how it will shape their experience of life. De utscher uses the Australian aboriginal tongue, Guugu Yimithirr, as a great example to back up his theory because they use cardinal direction which allows them to see and speak of the world in a different way than English speakers or egocentric coordinate speakers.While arguing his point he uses a good example of how these two languages can differ and shape your experience of the world with something as simple as the way you view a hotel. â€Å"One way of understanding this is to imagine that you are traveling with a speaker of such a language and staying in a large chain-style hotel, with corridor upon corridor of identical-looking doors. Your friend is staying in the room opposite yours, and when you go into his room, you’ll see an exact replica of yours†¦But when your friend comes into your room, he will see something quite different from this, because everything is reversed north-side-south.In his room the bed was in the north, while in yours it is in the south; the telephone that in his room was in the west is now in the east, and so on. So while you will see and remember the same room twice, a speaker of a geographic language will see and remember two different rooms†. Deutscher uses this to simplify that our mother tongue does indeed shape our experiences of the world but not in the extreme sense of a â€Å"Prison House† as Benjamin Lee Whorf’s theory suggests.Deutscher concludes that the impact of our mother tongue goes far beyond what has been experimentally demonstrated and is believed to have impacted beliefs, values and ideologies. With all this being said, Deutscher believes that the biggest step we can take toward understanding one another is the simplest step to take; which is to stop pretending we all think the same. ———————– [i] http://aafreenafzal. blogspot. com/2012/10/analysis-does-your-language-shape-how. html

A Summary on Perseverance

â€Å"Perseverance is not a long race; its many short races one after another. Perseverance to me means that â€Å"never give up†. Everyone in this world once went through terrible times in their lives but they never gave up that’s called perseverance. I know many people who persevered in their life. If you look at their biography you will see that they were very successful because they never give up. Many people don’t have that much confident in them so they give up so easily. Well I also persevered in my life. I didn't give up at that time I wanted to give up but I was brave enough not to give up. our greatest glory is not in never failing but, in raising up every time we fail by Ralph Emerson. â€Å"Fall seven times stand up eight† this quote stands for perseverance and as well as for Mr. Abraham Lincoln. Mr. Lincoln persevered by â€Å"NEVER GIVING UP†. Mr. Lincoln went through many troubles in his life but he persevered and become the 16th pre sident of the United States of America. Mr. Lincoln’s life went through like this. In 1831 he failed in business but he didn't give u and tried again bidding for congress in 1843 but unfortunately he lost his bid for congress.In 1855 he tried again for the run of senate but he lost the run. Still he didn't give up later in 1856 he got elected for vice president but unluckily he got defeated for Vice President. Well because Mr. Lincoln persevered in his life so in 1860 Mr. Abraham Lincoln became the 16th president of the United States. Mr. Lincoln was confident enough not to give up because he knew that one day he will success in his life and he did. He was brave and he had â€Å"STRONG Belief†. I also persevered in my life. I tried and tried until I reached my goal.When I came to us the first time I knew enough English to understand the teacher and work well but it was hard for me to adjust in a different in a different lifestyle well somehow I tried but failed. I didn 't felt like trying again but my mom encouraged me to try and try hard until I reach my goal. My mom was my strength. I tried and tried hard to adjust in U. S and after one year I adjusted and I felt like I’m here since I was born. This showed that â€Å"I never gave up† I reached my goal by trying over and over again.Every single person in this world went through many up’s and down’s in their lives but many fought and succeed but many gave up. â€Å"Just because you fail once in life doesn't mean you will fail every time†. â€Å"As long as you persevere and endure, we can get whatever we want†. You should never give up in life like Mr. Abraham Lincoln and I didn't gave up until we got what we wanted. So if you persevere in your life you will get it done soon. what I prefer is never give up in life. we all learn from over mistakes, so learn from your mistakes and go on try it again.

Octone Records Report

Octone Records Report Introduction The records industry, like any other industry, has encountered new trends and challenges that have, consequently, affected business performance of individual firms. The advent of technology has affected the average profits made by firms since technology provides ample room for illegal file sharing and piracy.Advertising We will write a custom report sample on Octone Records Report specifically for you for only $16.05 $11/page Learn More This report analyzes the marketing performance of Octone Records in the industry. The report also offers recommendations on how the company can improve its business performance and marketing activities. Value Creation Octone Records’ great market performance centers on the basic principles of the marketplace, as well as the customer. The company has studied the needs, demands, and wants of the market fairly well and it strives to perform in accordance with these expectations. While it has signed Michael To lcher, the record label is quick to note that his performance may not meet the expectations and demand in the market. Octone, therefore, works toward creating the artist’s value by organizing opening shows where he can curtain raise events for other established artists in the industry. Organizing live concerts for the artist helped in creating his value more. Octone Records, in its efforts to create value, also works toward determining the exact market that an artist appeals to. The firm then concentrates its marketing efforts in promoting the artist within this market to enhance his value. In the case of Tolcher, Octone discovered that the artist mostly appealed to people in their thirties. Octone, therefore, focused its efforts toward marketing the artist within this market. Customer Value Octone Records has focused on creation of customer value as a part of its marketing activities. This is a move that has seen the firm remain effective in the industry.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Octone works closely with its internal partners, mainly the artists working under its label, to a point where it catapults them to international market standards with significant market demand. The firm understands its magnitude within the industry compared to other major record labels. Therefore, Octone has established a unique way of partnering internally with its clients to create more value. The patience of the record label’s management in working with unpopular artists or bands is critical in creating customer value. Octone Records does not necessarily rush into registering quick successes with artists. Instead, the firm guides individuals and patiently walks them through the necessary principles until they transform them into industry heavyweights. Creation of customer value by the firm is further supported by its operation approach of on ly concentrating on a few artists at any given time. This gives the firm total concentration in marketing each of the artists or groups and polishing any imperfections that may deter positive performance. Externally, Octone Records has also perfected the art of partnering with other industry players to achieve an advanced value delivery network. In particular, the record label has formed a working relationship with up to three other industry players, including industry leaders SonyBMG and RCA Music Group/ J Records. This is helpful in influencing Octone Record’s market performance because the label has a relatively inferior capital base compared to other major record labels in the market. This implies that Octone may not successfully empower artists signed under its label to competitively vie for the market with rival artists under the major record labels, especially when they break into the international market. Thus, the partnership deal with the established record labels e nsures that Octone Records hands over such artists to the major record labels for further marketing. Major record labels, such as SonyBMG, have wider distributor networks compared to Octone. Any artist working under the record label is, therefore, more likely to achieve a wider market coverage compared to one working under Octone Records. Additionally, Sony BMG has greater experience working with internationally acknowledged artists compared to Octone. For instance, SonyBMG has worked with many renowned artists like Alicia Keys, Michael Jackson, and the Backstreet Boys among many others.Advertising We will write a custom report sample on Octone Records Report specifically for you for only $16.05 $11/page Learn More The external working relationship creates more customer value in the sense that Octone Records only specializes in an artist’s market performance while still at the grass roots level. The major record labels have little time for such artis ts. This gives Octone ample opportunity to perfect its performance. However, Octone hands the artists over to the major record labels once their performance improves to a level where they break into the international market because the label lacks the financial capacity to sustain the artists in the highest echelons. Recommendations Octone Records should adopt the selling concept as it seeks to ascertain whether it should continue with plans to market and work with Michael Tolcher. The main principle of this concept suggests that consumers will not acquire enough quantities of the firm’s products unless the firm makes efforts toward undertaking large-scale selling, as well as promotion. This implies that Tolcher’s performance in the market depends on the efforts that the record label will expend in selling and promoting the artist. The focus should be on the existing product, which in this case refers to Tolcher. Rushing into acquiring other artists and dropping Tolche r will not be helpful in meeting the firm’s business objective. Thus, what the label needs to explore critically is new selling and promoting means in order to endear him more to the market. This will, in turn, increase the sales volume with respect to the artist’s music and lead to high profits for the firm. On the decision to sign a new deal with Universal Record or maintain the existing working relation with SonyBMG, the main principle that should guide Octone Records’ course of action should be its mission statement. The record label has in place a strategic plan that seeks to develop its intended fit between its set goals and the changing marketing opportunities. It is evident that Octone, like other players in the industry, also wishes to establish itself and achieve optimal returns from its sales and marketing activities. From the analysis of its current business portfolio, Octone is not achieving optimal performance in its sales and marketing activities. Some of the artists under its label, such as Tolcher, have failed to break even in the market to influence the overall sales of the company.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More With this realization in mind, it is important that the firm takes up the opportunity to work with Universal Records and drops the current existing partnership deal with SonyBMG. Universal Records’ partnership terms will direct more resources towards Octone than the case is with SonyBMG. This will enhance profitability of the firm and help it drop out weaker resources. Additionally, Universal enjoys a comparatively stronger market position compared to SonyBMG, implying that there is a high likelihood of Octone Record’s signed artists performing better under this new deal.

Econ Essay Example | Topics and Well Written Essays - 500 words

Econ - Essay Example The current salary distribution formula gives the player 57% of the revenues. Another problem with the system is that the NBA salary cap is a soft cap. A soft cap allows teams with greater resources such as the L.A. Lakers and the N.Y. Knicks the ability to pay go over the cap and pay additional salaries paid by the owners. The small market teams are seeking a hard cap at a much lower salary base. The owners want a 40% reduction is player salaries. A hard cap would force all teams to spend up to the amount of salary cap. The current salary cap is $58 million dollars. The prices of the salaries are determined by the deal that the player’s union and owners negotiate. The prices of the players are negotiated similarly to what occurs in the corporate world when labor unions negotiate worker compensation with the managers of the firm. The NBA has to reach an agreement by the summer of 2011 in order to ensure there is not a lockout of the season. A lockout would have catastrophic ec onomic effects on the NBA. Players would lose their salaries, the owners would incur in operating losses since fixed cost must be paid without any revenues coming in. The television networks would also lose because they would not have a product to offer to the advertisers.

Memo assignment Example | Topics and Well Written Essays - 250 words

Memo - Assignment Example In an economy that is suffering from economic crisis, austerity is not an option for the managers of that economy. However, even as austerity is chosen as a way to bring the economy back to its feet, it must be considered that that some aspects of austerity may actually lead to more dangerous outcomes for the economy. This is what Bank of Spain Governor Luis Linde is arguing in his speech to the parliament is trying to explain (Jonathan, 2012). If for instance, the government reduces pension to pensioners, the ripple effect in the economy would be increased inflation and decreased market confidence by both local and foreign investors. For this reason, it is increasingly important that the government know exactly what to do in order to avoid making a bad situating even worse. Linde argued that for budget for the coming year will have to be optimistic as this is the only way to recreate confidence. This is true, considering that what the economy is looking for in investor confidence to allow increased economic growth. Jonathan, House. Spain Central Bank Chief Warns on Budget Targets . 04 October 2012. 08 October 2012