Wednesday, November 27, 2019
The 21 ACT Tips You Should Be Using Today
The 21 ACT Tips You Should Be Using Today SAT / ACT Prep Online Guides and Tips The ACT has a straightforward test format, but that doesnââ¬â¢t mean itââ¬â¢s an easy test. Youââ¬â¢re going to need to know how itââ¬â¢s structured and what kinds of questions to expect on each section in order to do well. In this article, Iââ¬â¢ve listed 20 essential ACT tips, broken down by section, that will help you conquer the most difficult aspects of the test. ACT English Tips Tip #1: Know Your Grammar Rules The safest way to make sure you feel confident on the ACT English section is to memorize the grammar rules that will be on the test.On the ACT, itââ¬â¢s not enough to rely on whether something "sounds correct" to you.Since the test is standardized, you need to be prepared for the specific types of rules it will test and what it considers to be correct grammar.These wonââ¬â¢t necessarily be rules you consistently use or are aware of in your everyday speech and writing. Thepassage-based format of ACT English can also present unique challenges.You need to make sure youââ¬â¢re reading the WHOLE sentence that you're being asked to edit.Sometimes the phrasing of an earlier part of a sentence will determine the correct answer for a change to the grammar of a later part. Tip #2: Watch Out for No Change Answers Many questions on ACT English that ask you about improving the grammar of sentences will also include a ââ¬Å"no changeâ⬠answer option.This option is risky because if you donââ¬â¢t know the grammar rule being broken, itââ¬â¢s easy to pick ââ¬Å"no changeâ⬠by accident.Thatââ¬â¢s why itââ¬â¢s important to be aware of how often youââ¬â¢re choosing ââ¬Å"no changeâ⬠. If it seems like you're choosing it more often than once every 4 or so questions, there might be something youââ¬â¢re missing.On any question where youââ¬â¢re tempted to pick ââ¬Å"no changeâ⬠, look at the sentence extra carefully and make sure there isn't another possibility.Read the sentence through again using all of the other options presented. If all of them still seem wrong, then ââ¬Å"no changeâ⬠is probably correct. ACT Writing Tips Tip #3: Plan Essay Examples Beforehand A great way to reduce stress on the ACT essay is to plan out the examples that youââ¬â¢ll use before the test.The essay prompts on the ACT are all relatively similar, so itââ¬â¢s not too difficult to come up with universal examples that could work for any of them.If you already have examples prepared, the hard work will be done for you.The only thing youââ¬â¢ll have to do during the test is relate them to the specific details of the prompt and to your opinions. You should also know that you donââ¬â¢t have to be factually accurate in your essay;if you have to twist the facts in your examples a bit to fit the needs of the prompt, thatââ¬â¢s ok!The graders won't take points off because the essay is about your ability to structure your thoughts and answer the prompt logically, not about your level of outside knowledge. You can even say we actually landed on the moon! WAKE UP SHEEPLE Tip #4: Cater to the Essay Graders Just like all other parts of the ACT, the essay has to be as standardized as possible.This means there are a couple of things you can do to raise your score reliably: Make it at least two pages The grade of an essay isnââ¬â¢t technically supposed to be related to its length, but there is a positive correlation between essay length and essay score on the ACT.This does make some degree of sense: longer essays are going to provide more examples and support for the points theyââ¬â¢re making.A good rule of thumb is to try and make your essay at least two pages long. Be sure to write an introduction and conclusion The quality of the introduction and conclusion of your essay will disproportionately affect your score, so you should ALWAYS include both of them.The essay graders are looking for a clear thesis that answers the question posed by the prompt and lists relevant examples.If you make it easy for the graders to figure out the point youââ¬â¢re trying to make, your score will come out better. Use varied word choice and writing style High scoring essays are the ones that flow well and are not repetitive.Try not to use the same phrases over and over or structure every topic sentence and transition the same way.Switch around your wording as much as possible while preserving the integrity of your original points. ACT Math Tips Tip #5: Know the Formulas Itââ¬â¢s very important to know math formulas for the ACT because you arenââ¬â¢t provided with any of them on the test (except sometimes for individual questions that require the use of a weird formula).Youââ¬â¢re going to waste a lot of unnecessary time on easy questions if you donââ¬â¢t memorize formulas, so you should get this out of the way first if youââ¬â¢re just starting to study for the ACT.Read our article on the formulas you need to know so youââ¬â¢ll be prepared! Tip #6: Fill in Content Gaps Sometimes knowing formulas isnââ¬â¢t enough if you havenââ¬â¢t encountered a certain type of question or content area in your classes before.When you do practice tests, make note of the questions you miss and see if there are any patterns in terms of question type.This could indicate weakness in a specific content area. Before you go any further with your math studying, you should focus on filling in the content gaps you find; this will improve your scores dramatically.Find study resources that deal directly with the problems youââ¬â¢re having, whether itââ¬â¢s geometry, algebra, trigonometry, or something else. Tip #7: Solve It on Your Own In order to fully understand your mistakes on ACT Math, itââ¬â¢s a good idea to force yourself to solve for the correct answer before reading answer explanations.When you get a question wrong, make note of the answer you should have gotten and see if you can arrive there without reading the explanation.You will have a much more solid grasp of the solution process if you go through it yourself rather than just reading about it.This exercise will give you a better chance of answering correctly if you come across a similar question in the future. Do we, though? ACT Reading Tips Tip #8: Read to Your Strengths The ACT is a very predictable test, and this is especially true on the reading section.There will always be four topic areas on ACT Reading in the following order: 1. Prose Fiction/Literary Narrative2. Social Science3. Humanities4. Natural Science Since you know whatââ¬â¢s coming, you can make an informed decision about the order in which youââ¬â¢ll read the passages.If, for example, youââ¬â¢re more of a science person, you might decide to read the Natural Science passage or pair of passages first because itââ¬â¢s going to be the most interesting to you and the easiest to get through. This will give you an advantage because youââ¬â¢ll have enough time to answer questions that are easy for you and will earn you the most points.If you were to go through the reading section in order, you might end up rushing on the Natural Sciences passage(s) and not reaching your full score potential! Tip #9: Find a Good Passage Reading Method Itââ¬â¢s extremely important to make sure youââ¬â¢re reading ACT passages in the most efficient way for your learning style. You donââ¬â¢t get much time per question on the reading section, so you have to use every minute wisely.Here are three potential reading strategies you might use: 1. Skim the passage first In my view, this is the best way to read ACT passages.By skimming first, you get a good sense of the main ideas of the passage and also might catch a lot of the details that the questions ask about.The best way to skim is to read the introduction and conclusion paragraphs, then the first and last sentences of every body paragraph.After skimming, you should try and answer any big picture questionsabout the passage first while the main ideas are fresh in your mind. 2. Do the questions first This is another viable option, even though it might seem risky.If you skip straight to the questions, you can start with detail questions and work your way up to big picture questions.In the process of finding the details, you will accumulate knowledge about the main ideas of the passage and eventually be able to answer the questions that are wider in scope.If you don't get all the information you need for big picture questions this way, you can always go back and skim, paying close attention to the introduction and conclusion paragraphs. 3. Read thoroughly This is the method that most people use instinctively because itââ¬â¢s what theyââ¬â¢ve been told to do in school.Reading thoroughly can be fine if youââ¬â¢re a fast reader and have strong reading comprehension skills even under pressure.BUT if you experiment with the other methods and find that you can save yourself some time and not sacrifice any points, youââ¬â¢re probably better off using one of them instead. Whichever strategy you use, make sure you read the introductory blurb thatââ¬â¢s included with each passage before you do anything else!This will give you helpful context for what to expect in the passage in terms of setting, content, and writing style. Tip #10: Predict the Answer Before you look at the answer choices for a reading question, you should try and think for yourself about what the answer might be.Doing this exercise can help to eliminate some of the confusion that might occur if you just looked at the answer choices right away.If you already have an answer in mind, you will be less compelled to pick answers that are plausible but not objectively correct. Sometimes itââ¬â¢s also helpful to rephrase the question in your own words if you find it to be confusing.This will likewise allow you to maintain your focus and avoid choosing answers that are not quite the right fit for the question based on the passage. (ACT questions only) Tip #11: Rely on Direct Evidence Remember that every question in the reading section has an answer that is supported by direct evidence in the passage!You shouldnââ¬â¢t have to make unsupported assumptions in order to answer any of the questions.There will always be SOMETHING that you can cite to give credence to your choice. If you canââ¬â¢t find evidence for an answer, you have to eliminate it even if it sounds plausible.Thereââ¬â¢s a big difference between plausible and correct on the ACT.Even with inference questions, which ask you to look beyond literal facts in the passages, you should still be able to find evidence for your answers.This is when you might have to look for context clues or connotation in words around the section of the passage youââ¬â¢re referencing in order to point you in the right direction. Tip #12: Get Intellectually Curious It might seem silly, but try and be interested in the material youââ¬â¢re reading.This will not only help you to absorb information better, but will also allow you to get something productive out of the test besides your score.Youââ¬â¢ll have a much better time if you treat ACT reading as a pleasant learning experience and not a chore! ACT Science Tips Tip #13: Do the Conflicting Viewpoints Section Last The conflicting viewpoints passage on ACT Science is usually the most time-consuming part of the section and often the most difficult.Itââ¬â¢s different from the rest of ACT Science because it doesnââ¬â¢t present any actual data.It just gives you a couple of passages that express different scientific opinions and asks you to answer questions about them. This requires a strong combination of reading comprehension and scientific reasoning skills.Itââ¬â¢s a good idea to save conflicting viewpoints for last because you will eliminate the risk of getting stick on it and not having time to answer easier questions later on in the science section. Tip #14: Focus on the Visuals Itââ¬â¢s best to ignore the introductions laden with technical terms that are provided to you on the science section and skip right to the graphs.When it comes down to it, almost all the questions youââ¬â¢ll see on ACT science can be answered just by looking at the data presented in the visuals.All of the other information is just there to distract and confuse you - donââ¬â¢t let it! Tip #15: Donââ¬â¢t Be Intimidated The main obstacle to succeeding on ACT science is just the fact that it LOOKS scary.Well, Iââ¬â¢m here to tell you that itââ¬â¢s really not that hard - you donââ¬â¢t even have to know much science beyond what you learned back in elementary school. You may run into terms that you donââ¬â¢t know, but you most likely wonââ¬â¢t have to understand them in order to answer questions correctly.Theyââ¬â¢re only in there to make this section seem more difficult than it actually is. This fools a lot of people, but if you stay calm and remember that youââ¬â¢ll never have to know any high-level science to do well, you should be fine.Focus solely on what the questions are asking and read the graphs logically, and youââ¬â¢ll do well! But you should probably watch out for that train behind you... Overall ACT Test Taking Tips Tip #16: Use Process of Elimination As Iââ¬â¢ve written in another article, the fundamental rule of ACT Reading is that there is only one absolutely correct answer for each question, and you need to learn to eliminate the other three choices.This elimination rule applies to the other sections of the ACT as well.Itââ¬â¢s far easier to work on eliminating incorrect answers than to try and pick out the correct answer right away. For each choice, ask yourself - where is the evidence? Does this answer the question?If anything in the choice doesnââ¬â¢t match up with what you read in the passage or the data youââ¬â¢re referencing, eliminate it.If an answer is only halfway right, itââ¬â¢s wrong! Tip #17: Skip Difficult Questions For students who struggle with running out of time on the ACT, lingering too much on hard questions is a major pitfall.If you find yourself floundering on a question, itââ¬â¢s a good idea to skip it on your first pass through the section.Just circle it so that it will be easier to spot when you go back through the questions. If youââ¬â¢re spending more than: 30 seconds on an English question60 seconds on a Math question45 seconds on a Reading or Science question SKIP IT! Take timed practice tests to experiment with how it feels to spend this much time on a question so that during the real ACT youââ¬â¢ll have a good sense of when you need to move on. Tip #18: Double Check Your Answers At the end of each section, if you have a few minutes left, you should go back through and check your answers to be sure you didnââ¬â¢t make any careless mistakes.As youââ¬â¢re answering questions, you can put a little star next to the ones youââ¬â¢re unsure about so you will know to focus on them if you have time at the end. Things to look for when double checking: 1. ââ¬Å"LEASTâ⬠or ââ¬Å"EXCEPTâ⬠questions - these are breeding grounds for careless mistakes. 2. Questions where you went back and forth between two answers - if you were unsure about a question, it's a good idea to go back and check it again. 3. Whichever types of questions you know you tend to have trouble with - for example, you might be extra careful with double checking the conflicting viewpoints passage questions for science. Tip #19: Do Your Bubbling Last You can actually save yourself a few minutes of time if you donââ¬â¢t bubble in your answers until the end of the section.As you go along, circle your choices in the test booklet so it will be easy for you to go through and fill in all the correct bubbles on your answer sheet later.This tip helps you to avoid the annoying process of switching between the test booklet and the answer sheet that will cost you a few seconds on every question. Before you decide to use this tip, make sure youââ¬â¢re capable of finishing the section with at least 3-5 minutes to spare.You donââ¬â¢t want to get stuck in a situation where you answered all the questions but didnââ¬â¢t have time to fill in all the bubbles. Another important thing to remember on the ACT is that you should always bubble in an answer for every question.There is no guessing penalty, so itââ¬â¢s to your advantage to fill in a bubble for every question even if you donââ¬â¢t have a clue what the answer is.You could get lucky, and if you donââ¬â¢t it wonââ¬â¢t impact your score! Sooooo tippy (this has nothing to do with any specific tip I just wanted to include it somewhere) Tip #20: Get All Your Stuff Together the Night Before The day of the test, your palms will be sweaty, knees weak, arms heavy. The last thing you want to do is forget your ACT test ticket or pencils. So the day before the test, make sure you have all your stuff in one place, ideally in a backpack. The most important things: ACT admission ticket Acceptable photo ID #2 pencils and erasers ACT-Approved Calculator There are other optional things like snacks and water bottle we highly recommend. Don't even question it - just pack it in the day before so on the morning of the test, you'll be ready. Tip #21: Remain Calm When all is said and done, the best tip that anyone can give you is to stop psyching yourself out.Since your score for any given section on the ACT is riding on the single block of time that you have to answer the questions, freaking out about one hard question could really hurt you. If you run into a question you donââ¬â¢t know, just skip it!It might seem easier when you come back to it later with less time pressure. Keep in mind that itââ¬â¢s not the end of the world if you donââ¬â¢t get your highest scores on this test.Youââ¬â¢ll have opportunities to take it again, and you can always improve! Review We've gone through 20 of the most important tips you should be using to do well on the ACT. Here's a complete list: English 1. Know your grammar rules2. Watch out for "no change" answers Writing 3. Plan essay examples beforehand4. Cater to the essay graders Math 5. Know the formulas6. Fill in content gaps7. Solve questions on your own first Reading 8. Read your strongest topic area first9. Find the right passage reading strategy10. Predict the answer before looking at the choices11. Rely only on direct evidence12. Get intellectually curious Science 13. Do the conflicting viewpoints section last14. Rely on the visuals15. Don't be intimidated Overall Test Taking Tips 16. Use process of elimination17. Skip tough questions18. Double check your answers19. Bubble at the end, and fill in all the bubbles20. Pack all your stuff the day before the test.21. Stay calm If you follow this advice in your studying and during the test, you'll end up dramatically improving your scores! Remember to use more in-depth strategies to study for each section and improve your content knowledge before implementing tips. Check out our articles on how to get perfect scores on every section of the ACT for more strategies. What's Next? Take a look at our complete planand this six step guide to figure out when you should start studying for the ACT! Need more resources to supplement your studying? Read this article on the ten best books for ACT prep. Are you trying to figure out when you should take the ACT? Here's our guide to figuring out your ideal test dates! Want to improve your ACT score by 4 points? Check out our best-in-class online ACT prep program. We guarantee your money back if you don't improve your ACT score by 4 points or more. Our program is entirely online, and it customizes your prep program to your strengths and weaknesses. We also have expert instructors who can grade every one of your practice ACT essays, giving feedback on how to improve your score. Check out our 5-day free trial:
Saturday, November 23, 2019
Struggle to Write a Classification Essay Read Our Tips!
Struggle to Write a Classification Essay Read Our Tips! The Most Complete Classification Essay Guideline If you are not an expert in statistics and donââ¬â¢t find it simple to research information, analyze it and break into various categories, you will surely find classification essays quite a challenging task. Regular students donââ¬â¢t face such essays on a daily basis, so when they are assigned with a classification essay they are usually scared and nervous, not even knowing what the task is about. Below you will find all the necessary answers to be able to complete the task on your own. In case you have difficulties with completing various types of college assignments, need professional assistance or a piece of advice, you are free to contact our writing service. Getting an outstanding paper has never been so simple! How to Create a Classification Essay? Most of the students donââ¬â¢t know what this task means, so first, it is important to get familiar with its definition. This is an assignment the main purpose of which is to categorize characters, points or subjects, which have similar features. Both high school and college students have to write such essays from time to time, so you will most likely have to deal with it. To get a clearer picture of the task, here is a simple example: goods that we order online are categorized into ââ¬Ëincomingââ¬â¢, ââ¬Ëprocessedââ¬â¢, ââ¬Ëcompletedââ¬â¢ and ââ¬Ëdeliveredââ¬â¢. In the following sections you will learn how to write a classification essay with ease. Working on a Classification Essay Outline In case you donââ¬â¢t know where to begin, you should always start with an outline. First, decide what the title of your future work will be and then proceed with the structure of content and methodology. It is crucial for the overall success, because proper structure makes it simpler to understand your message. Write down the main ideas on a separate piece of paper, as it will give you a clearer image of how to break the text into required parts and to organize them logically. Delete useless parts and rate the rest depending on chronology or significance. Good advice is to number every part, which will help you to work on different sections depending on your mood and inspiration. Common outline of a classification essay: Introduction; First category; Second category; Third category; Conclusion. Once your outline is ready, it is the right time to work on your classification essay introduction. Introductory Section and Thesis Statement You should start your essay with a clear explanation of what you are going to categorize, what your reasons are and what you are willing to achieve as a result. A good idea will be to insert a hook in the beginning, which may contain: Facts or statistics; A rhetorical question; A quote; A metaphor, simile or allegory; Anecdote; Story from your own life. Every student knows that the key part of any introduction is the thesis statement. It can be considered a foundation of an essay, so a powerful and persuasive thesis can make the reader realize important parts, agree with your ideas, as well as hold the attention of the audience. As for classification essay, thesis defines methodology you are willing to test. Indicate your expectations and forecasts, which should be supported along the text. You can also identify classes and give their brief explanation. Remember, your thesis statement should close introduction and open the conclusion. Conclusion of a Classification Essay Conclusion is the final part of your essay, where you put together all the analyzed and tested classes. Make sure you summarize and briefly describe each category. Think whether a certain category stands out from the rest and can be recommended to the reader. You should also paraphrase your thesis statement without introducing any new details and facts. Body Paragraphs Structure and Transition Words The main paragraphs of your work contain key information about categories you decide to highlight. That is why it is important to stick to a common structure and choose proper transition words in order to create an outstanding essay. Every paragraph should consist of: Criteria explanation; Discussing all of the strengths and weaknesses; Practical examples in order to describe a certain category. When it comes to transition words, you just need to print out a list of the most common ones. There are plenty of them in English, youââ¬â¢ll easily find the most suitable ones depending on your goals and text style. Here are only some of them: to demonstrate, in fact, in the background, with attention to, etc. 25 Interesting Topics for Your Classification Essay Our experts have made a list of topics to boost your imagination if you lack ideas. Just choose a category you are interested in and select a topic or invent that appeals to you! Sports Topics Female athletes in the Olympic Games; Sports industry analysis; How sports sponsorship works; Gambling in sports; Ethics in sports. Cinematography Topics Novel-based films; Popular TV shows in Europe; The most famous actresses in France; Categorization of modern movies; Genres of the 20th century movies. Nutrition Topics The best exercises to remain slim; Best food supermarkets in the UK; Industry of ecological products; Most harmful drinks; The best ideas for breakfast. Topics About Animals Domestic animals; Classification of mammals; The most dangerous species; Rare animals, living in Asia; Endangered European species. Music Topics French music; Popular British singers; Rock legends; Morality in modern music; Different music genres in the 21 th Examples of Classification Essays This type of assignments is often given by literature tutors, so most of the students wonââ¬â¢t do it without tips or samples of writing on one of the familiar topics. If you are to categorize works of certain authors, you need to divide them into following categories: A drama paragraph; A poetry paragraph; A nonfiction paragraph; A prose paragraph. When you have completed the assignment, donââ¬â¢t forget to check it thoroughly. Reread your essay multiple times until you are sure it contains no mistakes. If English grammar and lexis is not your strongest side, we are ready to offer editing and proofreading services. Professional linguists and editors will fix even the smallest mistakes and polish your work. Now you are ready to create an outstanding classification essay. Just start writing the first line and you will see there is nothing difficult. Especially if you contact our experts!
Thursday, November 21, 2019
Essay on relationship between 'race' and gender in the unit text
On relationship between 'race' and gender in the unit text - Essay Example al studies by scholars examined the various kinds of discrimination based on race, religion or gender in the literary works of both past and present as well as in the attitudes of the writers themselves. In some cases racism is the prominent theme while in other work s critics have revealed racist attitude that is seen as underlying assumptions, but may not be immediately evident to the reader. It is best to analyze the works, ââ¬Å"A passage to India ââ¬Å"by E M Foster, ââ¬Å"Heart of Darkness ââ¬Å"by Joseph Conrad and ââ¬Å"Kimâ⬠by Rudyard Kipling, applying the historical and cultural conditions of the society in which they were produced. The works succeeded in depicting the relation between groups and classes of people that imperialism sets up and these works explore the contradiction within capitalism in a way that a similar piece of fiction set within one culture and dealing with characters from that culture alone cannot. Heart of Darkness is a fiction taken from the life of the conquest by the European whites, of a certain portion of Africa, an impression in particular of the civilizing methods of a great European trading company face to face with the negro. According to Robert F. Haugh, in Joseph Conrad, ââ¬Å"The story was taken by some as an attack upon Belgian colonial methods in the Congo; as a moral tract; and as a study of race relationships.â⬠1 Haugh goes on to say that, ââ¬Å"Most contemporary reviewers read it as a criticism of Belgian colonialism, an issue that remained alive until Conradââ¬â¢s death and got attention in his obituary notices.â⬠Other reviewers interpreted the story in terms of Christian religious iconography. As Haugh explains, ââ¬Å"Paul Wiley, in his Conradââ¬â¢s Measure of Man ...finds the myth of the fall from innocence throughout Conrad, and ... makes of Kurtz the man driven from the Garden of Eden.â⬠2 The book is more criticized on the basis of racism. In a lecture first given in 1975, entitled ââ¬Å"An Image of Africa,â⬠African novelist
Tuesday, November 19, 2019
Rapid Rise of the Movement to Abolish the Slave Trade Essay
Rapid Rise of the Movement to Abolish the Slave Trade - Essay Example Problems would arise where the slaves would die from tropical diseases and owners would not provide proper medical care, slaves would be beaten mercilessly by their master and owners and there were no laws governing this immoral behavior. However, a few individuals in the society would consider slavery and slave trade as an immoral behavior and this led to the formation of anti-slavery movements. The abolishment of slavery was a long struggle dated back in 1750 where a number of Quakers started to disapprove slave trade, the Quakers started to disapprove slave trade and encouraged slave owners to educate slaves, introduce them into Christianity and improve their working and living conditions, in 1783 a group of six Quakers pioneered a movement that was to start the struggle to abolish slave trade. These members included George Harrison, John Lloyd, William Dillwyn, Joseph Hooper, Joseph Woods, and James Phillips. this was a non-denominational movement which was aimed at gaining support from parliament and the Anglican church. This movement gained popularity and an addition of three members of the Anglican Church joined the movement and this really strengthened this group, these Anglican members included William Wilberforce, Thomas Clarkson and Granville Sharp. After the joining of the religious members William Wilberforce was chosen to be the group member due to his connection with the British parliament, the struggle continued but Wilberforce faced strong resistance to the abolishment of the slave trade in parliament and this was due to the fact that there was a powerful dependence on slaves and slave trade. The first petition to abolish slave trade was made in 1783 but it failed by the vote where more member opposed the abolishment of the slave trade.
Sunday, November 17, 2019
Purely Competitive Vs Monopoly in two industries Essay Example for Free
Purely Competitive Vs Monopoly in two industries Essay There are two types of industry wherein a businessman could put his cash on: the monopoly and the purely competitive one. This paper explains the case if a worker in a purely competitive industry and a worker in a monopoly industry returns the same or different marginal revenues on the case that the labor market is purely competitive if they have exactly the same marginal product and their product price is the same. Citing the difference between the types of industry will give us an idea to decide with the case given: Differences between Monopoly and Competition (Hartcourt, 2001) Monopoly à The only producer of the goods The demand curve has a downward slope. ââ¬Å" price makerâ⬠à Lowers the price to increase sales Competition Competes with companies producing the same products The demand curve is horizontal ââ¬Å"price takerâ⬠Sells as much or as little at same price. Marginal revenue is described as the extra revenue that an excess product unit will bring to the industry (Schenk, 2002). Whether a worker is in either a purely competitive or a monopoly, and considering the case stated on the previous paragraph, both workers will return the same marginal product return since their marginal products, as well as the product price are the same. MPR = total revenue/quantity of units sold ( Hartcourt, 2001) If we think not that critically, the prices introduced by the workers from different industries are the same, and the number of units to be sold is also the same, the MPR will be the same. But from the bulleted descriptions of monopoly and competitive industry, the demands are different. For the monopoly, the demand is sloping downward; but form the competitive, the demand is the same as represented by the horizontal curve. For a competitive industry, the MPR is directly proportional to the price, but in a monopoly industry, the demand is decreasing, so the MPR will decrease also, leaving us the conclusion that the MPRââ¬â¢s for the two are different. References Hartcourt, Inc. (2001). Monopoly. Retrieved April 22, 2008, from http://www.wcc.hawaii.edu/facstaff/briggs-p/Microeconomics/Chap_15.pdf Schenk, Robert. (2002). Cybereconomics. From Elasticity to Marginal Revenue. Retrieved April 22, 2008 from Cybereconomics.
Thursday, November 14, 2019
The Importance of Product Quality :: Business Management Quality Control
The quality of the product that is being made is very important to a company whatever they are making. The higher the quality if a product the more the company can charge for that product. If the company makes a low quality product that is not very good people will not buy it, also if people can find a similar product at a lower price and higher quality they will buy that. When a business makes a product they must decide on the following things: à · what is the lowest level of quality that is acceptable for the product? à · who is responsible for the quality control à · a method of quality control that will be used that dose not effect the cost to severally What is the BSI? The BSI (British Standards Insatiate) is responsible for setting standards that products must be made to. They set standards for very product that is made, this means that products are made to a high standard. When a product complies with the BSI standards it is given a kite mark, this tells the consumer that product meets their standards. Methods of quality control Methods of quality control Traditional TMQ (Total quality management) Description In this method of quality control, the quality is checked at the end of chain of production. In this method it left to one person to check the product. Also in this method the workers on a piece rate so they got paid for what they made. In this method every one is responsible for the quality control. Instead of checking at the end of production, it is checked as the products are made at regular intervals. This means that the quality control is done in such a way that every one is involved. This method got rid of the piece rate. Advantages / Disadvantages In this method of quality control is the reasonability of just one person. Also in this method as people are paid for what they make,
Tuesday, November 12, 2019
Business Organizations
Community Counseling Service Need for non-competition clause in contract ââ¬â but must be careful not to violate public ppolicy What is the duty of a party to the firm when he is planning to leave but hasnââ¬â¢t yet left? You cannot seek out firmââ¬â¢s clients while you are still working there Hamburger Did not solicit clientsââ¬â¢ business while he was still their employ Anderson Rule: categorical ââ¬â fiduciary duty obliges the fiduciary to act in the best interests of his client or beneficiary and to refrain from self-interested behavior not specifically allowed by the employment contract.Easterbrook and Fischel Rule: difficult to apply in practice ââ¬â socially optimal fiduciary rules approximate the bargain that iinvestors and agent would strike if they were able to dicker at no cost. (not a great rule because there are always transaction costs) Limitations on the right to discharge Foley Must decide what the relationship between the parties is: independent contractor, employee, etc? Cannot be fired for irrational reasons or for certain protected reasons (if employee) Employees invest and rely, therefore they need protectionAlleged public ppolicy: employees doing the right thing for their employer Court says there is no public interest in helping a private employer Employerââ¬â¢s interest ? public interest Employer handbook can be used as evidence to prove it is not at-will employment Tortious breach of good faith and fair dealing ââ¬â Court says no, there would be no duty to mitigate for contract breaches, therefore itââ¬â¢s not a good idea Duty to Creditors (39-49) Blackburn P reasonably believed A was acting with the authority of P, P did nothing to discourage her belief Sennot All partners are agents for the principal, by default PARTNERSHIP Partnerships and other Non-Corporate Forms GPs An association of two or more people to carry on, as co-owiners of a business for profit A lot of litigation is decided on whether or no t the parties were co-owiners Intent that counts is not the creation of a partnership, but the intent to carry on a business for profit as co-owner Evidence of whether or not there is a partnership:Control Sharing of profits and losses JVs Partnership for a limited time and limited purpose LPs Limited partners are very much like stockholders ââ¬â they are just investing their money, they donââ¬â¢t have management rights/ powers and are not liable for partnership debts Generally, only one general partner and multiple limited partners/ passive iinvestors Cannot accidentally fall into a limited partnership because LPs must be registered with the government (gen. state) LLCsForm of a business organization for a small number of people with a relatively close relationship but who donââ¬â¢t want to be personally liable for business expenses As ssimilar as possible to a corporation without being taxed like a corporation Interests are not freely transferrable like in a corporation LLPs Same as general partnership except creditors cannot go after partners personal wealth for partnership debt LLLPs The general partner is no longer liable for partnership debts Same can be achieve if the GP is a company (or some other non-human) Characterizing the RelationshipByker v. Mannes The definitive way to ensure your relationship is not characterized as a general partnership is to become a different type of business organization You can always leave a partnership, at any time You can fall into GPship Hynansky v. Vietri H never filed a partnership tax return and treated the losses as his own Pretty iron-clad rule: you have a to have a right to profits to be considered a partner Sharing Profits and losses Kovacik v. Reed Didnââ¬â¢t talk about who was going to share losses One gave money, the other gave only labor Default rule is that losses follow profitsLost oopportunity costs for both parties Fiduciary Duty (75-87) Duty of Loyalty Meinhard v. Salmon Question of fiducia ry duty Meinhard claims Salmon should have told him about the new deal Salmon got the oopportunity through being a partner, therefore he owes Meinhard, at least, the duty to disclose Salmon has a duty to Meinhard in their common business ââ¬â what is their common business? Revised Partnership Act à §403: Duty of care à §404: Duty of loyalty à §103(b): Set of default rules, subject to limitations ââ¬â (3) duty of loyalty cannot be taken away Self-dealing Business Organizations Founder's syndrome: When founders try to hang on to control to the detriment of the organization is widely identified as an issue for non-profit and for-profit organizations. Recently, it's emerged as a concern in the world of tech start-ups, where founder identification with the business or product is often as passionate and personal as that of social entrepreneurs (Linnell, 2004; Rowat, 2007). The common thread in founder's syndrome across sectors is the type of person who establishes a non-profit, tech firm, or social entrepreneurship. In all instances, these individuals tend to be passion-driven people with a sense of personal mission that translates to their organization. They are, understandably, highly identified with the organizations they create, and this individual sense of commitment is often critical to bringing the organization through its early growth stages.There is no doubt the founder is central in the early days of social entrepreneurship. Later, during the growth stage, the founder may retain leadership importance to a significant degree and, according to Johnson (2014), there is evidence that founders, with their charisma and persuasive ability, are vital to attracting investor capital during the scaling stage (Johnson, 2014). At the critical growth stage, it is necessary for businesses to replace individual leadership with corporate leadership, establishing the governance systems and processes required by larger, more complex, and necessarily more accountable, organizations. Founders who cannot or will not let go of personal influence when this moment arrives inadvertently endanger the future of their organization and its mission with their determination to stay in control. None of this may ultimately be the founder's fault. In fact, rather than being seen as a failure on the part of the founder, founder's syndrome is seen as a failure of a more extensive organizational leadership that allows a focus on the founder to distract from a focus on business strategy and mission (Schmidt, 2013). Businesses that neglect to create governance systems create a climate where founder's syndrome (among other issues) can adversely affect the company. Good governance practice provides a way for organizations to make a smooth transition from founder-led to governing board-led organization. Establishing a strong, unified, independent board with robust accountability and decision-making systems makes companies capable of avoiding some of the worst negative impacts of founder's syndrome without destroying the positive benefit the founder brings to the organization or sacrificing the connection between mission and business established by the founder. Business organizations Business organizations today operate in an environment that is characterized by intense global competition.A sound strategic management perspective is imperative for any enterprise to achieve sustainable strategic competitiveness and earn above average returns. Business leaders need to adopt a new mind-set that values flexibility, speed, innovation, integration and the challenges that evolve from constantly changing conditions (Hitt & Duane 2006: 2-10).Intel Corporation of the US is the worldââ¬â¢s largest semiconductor company. Paul Otellini is its Chief Executive Officer and Craig Barrett is the Chairman, Board of Directors.Intel combines advanced chip design capability with a leading-edge manufacturing capability. It unveiled its new branding and marketing strategy in the year 2006. It included a new logo and tagline ââ¬Å"Intel leap aheadâ⬠in accordance with the changing times (Edwards 2006: 43-53).Today Intel is the leading manufacturer of high quality processors, chip sets, motherboards, adapters, Ethernet controllers, micro controllers, PCI bridges, storage systems etc. for a wide range of applications like desktop, laptop, servers and workstations, networking communications, consumer electronics, health care sector and entertainment industry.A vision is a road map showing the route a company intends to take in developing and strengthening its business. Well-conceived vision statements are distinctive and specific to a given organization. (Thomson, et. Al., 2006, pp. 15-20).The vision of Intel Corporation is ââ¬Å"At Intel, we constantly push the boundaries of innovation in order to make peopleââ¬â¢s lives more exiting, more fulfilling, and easier to manage. Our unwavering commitment to moving technology forward has transformed the world by leaps and bounds.We are a company thatââ¬â¢s always in motion, fuelling an industry that never rests. We inspire our partners to develop innovative products and services, rally the industry to support new products, and drive industry standards. We do this so that we can collectively deliver better solutions with greater benefits more quicklyâ⬠.Through its vision statement Intel Corporation has set a very clear and convincing road map for its sustained growth and success.An organizationââ¬â¢s mission is the very purpose or the reason for the existence of the organization. The mission statement of Intel is very well conceived and defines the fundamental reason or unique purpose of its existence.It sets the company apart from other firms of its type in the semiconductor industry. It also promotes a sense of shared expectations in its employees and it also communicates a positive image about itself to important stakeholders of the company like its shareholders. Objectives are the end results of all the planned activities of a given company.The objectives of Intel Corporation are to extend leadership in silicon and platform manufacturing, deliver architectural innovation for m arket-driven platforms and drive worldwide growth. The achievement of the objectives so stated by Intel Corporation will definitely result in the fulfillment of its mission statement.Scanning of the external environment helps the companies to understand and analyze external strategic issues and factors to identify the opportunities and threats facing it.The factors having the greatest impact on the companyââ¬â¢s strategy-shaping mainly pertain to the companyââ¬â¢s immediate Industry and the environment in which it operates. Intel Corporation is a leading player in the semiconductor industry which comprises of all organizations that are engaged in the design and manufacture of semiconductor devices.Currently in the semiconductor industry the threat of new entrants is low as the entry barriers are high. The industry is characterized by rapid technological advances, continuous product innovations, economies of scale in manufacturing of the products and strong learning/experience curve effects driving down costs continuously.The inter firm rivalry is high and there is intense competition between the major players in this industry like Intel, Samsung, Texas Instruments, ST Microelectronics, NXP, Freescale, Infineon etc. The threat of substitutes and the bargaining power of the suppliers in the semiconductor industry is low.As the industry sells to a small number of very large customers who buy in very large quantities the bargaining power of the customers is very high. The relative power of the other stake holder that is the government is high as the U.S. government regulates exports and certain uses of some types of semiconductors due to their potential use in military applications.
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