Saturday, December 28, 2019
Post Secondary Public School Systems - 873 Words
Applying this reactionary philosophy of organizational change to post-secondary public school systems is the exact jumpstart that this environment truly needs. Indeed, this particular approach is especially applicable to post-secondary public school systems because it places a strong focus on the change aspect of organizational change, taking steps to improve with every failure. This is useful because this environment is one of live and learn. That is, post-secondary public school systems oftentimes rely on management theories that must be tweaked and changed as weaknesses or flaws emerge in them. On the other hand, this particular organizational change theory would essentially anticipate these failures, and pre-construct varying concepts and theories around these failures, essentially preparing for them before they even occur (Weick Quinn, 1999). Essentially, as research into what, exactly, constitutes organizational change continues to advance, so, too, will the possibilities with in post-secondary public school systems. Yet, on a more specific note, four key theories have emerged that can be directly applied to post-secondary public school systems. The first of these are life cycle theories, which possess an event sequence of start-up, grow, harvest, terminate, and start-up, with a generative mechanism of immanent program or regulation (Weick Quinn, 1999). This organizational change sub-theory is important because it sets things up in a cyclical fashion, allowingShow MoreRelatedCareer Education in American Public Schools Essay1389 Words à |à 6 Pagespartnership between K-12 public education and the workforce? Background The need for a national career education program is driven by a few principles. Firstly, CTE can help to keep students in school. In 2011, seven percent of American students dropped out of high school (ââ¬Å"Dropout ratesâ⬠, n.d.). CTE programs help to keep students in school because they connect what students are learning to the outside world, giving students a purpose and motivation for finishing school. They also tend to focusRead MoreThe Cost Of College Education1362 Words à |à 6 Pageswant, and know it will be of great benefit to you in exchange? In fact, what if I told you that a post secondary education can be of no cost to you or your parents, meaning no high interest rates, or additional fees to pay back. All you need is the desire to better your circumstances. No loan applications and debt required! Well, I wish that had been offered this proposition before graduating high school, and not worry about whether or not my parents could afford to send me to a tradit ional 4-year collegeRead MoreA Piece Of Paper And Years Of Schooling1286 Words à |à 6 Pagesbe hired by Bill Gatesâ⬠(Slouka, 4), a degree is a requirement. A college degree is simply a documentation, in other words a degree is a piece of paper confirming one met a certain level of pedagogic achievement. Nowadays, a college degree or post-secondary education is not synonymous with a stable income or secure job. Not to mention, people decide to take learning into their own hands and self-educate themselves. Too add on, education and professional accomplishments are not directly related toRead MoreThe Standards Of American Education Essay1487 Words à |à 6 Pagesmeet the first item in the success definition. If a person refuses to attend post-secondary school in fear that the certificate of completion will offer no return on investment, or decides to quit due to financial hardships, then how can society uphold its expectation of that person s success? Much work needs to be done to assuage the fear of a wasted investment, to motivate an individual to continue attending school despite financial difficulties, and to help individuals achieve the expected levelRead MoreHow Tuition Fees Deter The Attendance Essay1448 Words à |à 6 Pagesfocus by governments on post-secondary education has led to the ongoing inflation of tuition rates in Canada. By comparing countries with exorbitantly high tuition rates and countries with free education, the efficacy of the Canadian system can be studied. This paper will explore how tuition fees deter the attendance to university by low-income and international students, and address the need to restructure our economically outdated post-secondary system. Post-secondary education is highly valuedRead MoreThe Issue Of Education And Funding Over Public Education1568 Words à |à 7 PagesIn todayââ¬â¢s society, we realize the importance of education and how it will benefit all to have an adequate education that will give the best opportunities. However, individual states have jurisdictions over the curriculum and funding over the public education. This means that California students may have a higher academic standing than Utah. The 14th Amendment and other various versions have brought upon the issue of equal, free and adequate education Yet, it has been denied several times becauseRead MoreOntario Student Assistance Program ( Osap )1727 Words à |à 7 Pages1990ââ¬â¢s, by the Ontario government to enable those with lower incomes to receive loans, grants and scholarships which allows them to have the ability to pay for their post secondary education. To completely understand the relationship between OSAP and Social Welfare, we must first examine what social welfare system is. A social welfare system is a program designed to provide assistance to the needy individuals and families. There are numerous types and amounts of welfare that are accessible to these individualsRead MoreTuition Increase Essay835 Words à |à 4 Pagesprosperity of Canada rests on having a well-educated workforce. Yet, the cost to students of post-secondary education has risen rapidly over the last few years as government funding has dropped dramatically. Since the early 1980s, public funding of post-secondary education in Canada has gone down by 30 percent. In addition, across Canada, about 1.1 million full-time students were enrolled in post-secondary institutions in 2001, but thousands have been turned away because of lack of space or they haveRead MoreEssay on A Comparison of American and Canadian Education 865 Words à |à 4 Pageseducational systems v ery interesting. The United States educational system is has three levels however; some school districts may subdivide elementary and secondary students to create separate schools at the middle and junior high level. Once a child turns five they begin kindergarten and stay in elementary until they graduate. From there they attend junior high, grades 5 through 8. All students enter into High School for grades 9-12 and if they are successful, they graduate with a high school diplomaRead MoreHow Student Loans Have Affected The Cost Of Tuition964 Words à |à 4 PagesIn the 1980s a first-year college student could attend a public four-year university for $2,500 and a private university for a little over $5,000. Although, most of these universities are offering the same mediocre education from the last three decades; the cost of tuition has more than tripled for public universities and for private universities, it has gone up a staggering 85%. Canada holds an average educational cost of 5,974 and England follows with an estimated average cost of 5,288. In spite
Friday, December 20, 2019
The Causes of Eating Disorders - 1295 Words
Eating disorders have been around for well over a century, and affect tons of people around your neighborhood, town, county, state, or even country that walk, talk, and act just like you. The two big dogs of eating disorders are anorexia nervosa and bulimia nervosa, which affect young boys and girls alike that cannot control their feelings when it comes to food. Some decide that food is not their thing, which is known as anorexia; and, some people have a love/hate relationship with food, better known as bulimia. Both of these disorders have consequences and are tough to give up without help from a responsible adult. The two dominate unhealthy eating disorders, anorexia and bulimia, are vastly spreading, predominately damaging young women across the nation. The causes of these eating disorders started more than just affecting a local group of people. The definition of bulimia is that individuals that eat excessive quantities then purge their bodies of the food and calories they fear b y using laxatives, enemas, or diuretics; vomiting; or exercising (American Psychological Association, 1). Bulimia actually came from the Roman Empire; nobles would have slaves serve them large amounts of food before they would purge and repeat (Silverstein, 189). The American Psychological Association definition on page 1 of anorexia is people with this disorder have a distorted body image that causes them to see themselves as overweight even when theyââ¬â¢re dangerously thin. Anorexia was startedShow MoreRelatedCauses of Eating Disorders643 Words à |à 3 PagesCauses of eating disorders. The things that are contributing greatly to the increase of eating disorders is the media. Many teenagers grow up being influenced by magazines, movies, and models and they think that the only way that society will accept them is if they look exactly like those people. They have the fear of becoming fat and being bullied. These kids are genuinely scared to grow up and have to face body changes. there is also the other part of these disorders. Not all people who have anRead MoreCauses And Consequences Of Eating Disorders1608 Words à |à 7 Pages The eating disorders, Anorexia Nervosa and Bulimia Nervosa are psychological life threatening disorders that are becoming more common in todayââ¬â¢s society. When an eating disorder is developed, the victim is not always aware of the oral consequences he or she will have to endure. This review of research indicates the risks and consequences associated with eating disorders and oral health. Introduction It is estimated that up to 24 million Americans suffer from serious eating disorders suchRead More The Cause of Eating Disorders Essay591 Words à |à 3 PagesThe Cause of Eating Disorders Although the causes are many and varied, we know that people with eating disorders often use food and the control of food in an attempt to compensate for feelings and emotions that may otherwise seem overwhelming. For some, dieting, bingeing and purging may begin as a way to cope with painful emotions and a way to feel in control of ones life, but ultimately, these behaviors will damage a persons physical and emotional health, self-esteem and sense of competenceRead More Cause of Eating Disorders Essays877 Words à |à 4 PagesCause of Eating Disorders In America, today we often hear of people who suffer from illness such as cancer, aids etc. what we often donââ¬â¢t hear about is the illness that effects a lot of people each year that being eating disorders. Whenever I hear about eating disorders it remains me of one of my cousin who had suffered from anorexia. It all started when her family and acquaintances started to say that she was fat and chubby. In her family everyone is very slim and tall so her brothersRead More The Causes of Eating Disorders Essay1994 Words à |à 8 PagesThe Causes of Eating Disorders There is no single cause for eating disorders. A number of factors, including cultural and family pressures, chemical imbalances, and emotional and personality disorders collaborate to produce both anorexia and bulimia, although each disorder is determined by different combinations of these influences. Genetics may also play a small role. Between 40% to 96% of all eating-disordered patients experience depression and anxiety disorders; depression is also commonRead MoreCauses of Eating Disorders Eating disorders are several types of severe eating illnesses that700 Words à |à 3 PagesCauses of Eating Disorders Eating disorders are several types of severe eating illnesses that cause people to maintain focus on only their diet and weight. Some prime examples of eating disorders are anorexia nervosa, bulimia nervosa, and binge-eating. Anorexia nervosa is a type of eating disorder where people are so focused on their weight that they refuse to eat or eat as little as possible, bulimia nervosa is similar to anorexia except instead of eating so little people binge eat and then forceRead MoreCauses And Treatments Of Binge Eating Disorder922 Words à |à 4 Pagessound fun to you? Life is difficult without having an eating disorder. Growing up eating everything I could get my hands on caused health problems for me now that I am older. Binge eating and anorexia are serious eating disorders that cause physical, behavioral, and psychological problems. The most common disorder is binge eating. Binge eating disorder (BED) is consuming large quantities of food in a short period of time. People find that over eating is a comfort zone for them. The problems AmericansRead MoreCause and Effect Essay on Eating Disorders1551 Words à |à 7 PagesThe distinctions between eating disorders can be complex. While anorexia and bulimia may have some issues in common, other factors make them distinct. For parents, trying to understand the differences can be crucial. Early detection and proper treatment significantly improve the chances for a child to recover. Bulimia and anorexia are both very dangerous, and can be life threatening. Both are very common among teens and young adults. Eating disorders are becoming more familiar for this generationRead MoreThe Causes Of Eating Disorders In College Women1444 Words à |à 6 PagesEating Disorders in College Women Bingeing. Purging. Calorie counting. Excessive exercising. These are actions that are most commonly associated with eating disorders, which are psychological conditions affecting an individualââ¬â¢s eating habits. Though these conditions can appear in any age or gender group, they tend to be most prevalent in adolescent women. A large population of these young women happen to be college students dealing with problems such as body image issues, food insecurity, andRead MoreEating Disorders Looking Mainly At Their Causes1387 Words à |à 6 PagesFor this paper, I chose to focus on eating disorders looking mainly at their causes. Based on personal experience, I feel that these disorders are stereotyped very heavily in our society, and that public awareness of their causes lacking. Growing up I was always very thin, due to a high metabolism and a small bone structure; traits which ran in my family. Many times, people would make fun of me and even call me anorexic. However, I was no t anorexic or bulimic, I was just a thin child, and am still
Wednesday, December 11, 2019
Project Management for Shard London â⬠MyAssignmenthelp.com
Question: Discuss about the Project Management for Shard London. Answer: About the Project The Shard is a well known iconic landmark building in London. It is located towards the south side of River Thames (Parker, Sharrat and Richmond 2012). Its height is 306 m. It is considered to be the tallest building in the Western part of Europe. The Shard project was completed in the year 2013. This project had followed a hands-on approach. Careful attention was paid on the various other components of the construction that were involved in the Shard project (Walker 2015). The people involved in the project had worked out of hours. The project was carried out in a highly secured environment. The Test Engineers had played significant role in the planning stage of the project. Senior engineers, site supervisors, operatives and the team leaders were responsible for the installation process of the project. Project Success The architecture that was proposed for Shard tower was of highest quality. The aim of this project was to build a vertical city with striking architecture that would incorporate retail, apartments, hotel, offices and restaurants (John Parker 2013). The project was completely successful in implementing this concept. Several innovative procedures had been adopted for finding fast methods of delivering the project without any delay. The constant flow of communication between CAMs Senior Project Manager, Shards developer, principal contractor and the end customer of CAM played a significant role in the success of the project. A top down project construction approach was used for delivering the project on time. Jump lift strategy was used where installation works and shaft construction had continued above operational lift (Ctbuh.org 2017). This strategy was implemented in Europe for the first time and facilitated efficient and safe distribution of materials and operatives across the site. This project is also considered to be energy efficient. The project success is measured in terms of project scope, schedule, budget and the project quality. The Shard project had achieved its objective of building a vertical city (Wallace 2017). This project had met the requirements of the client within the scheduled time and budget. The high quality of the project was also responsible for its success (Mace.world 2017). The reason behind the success of this project was the strong management as well as the effective installation process that was carried out during the project execution phase. Problems associated with the Project Budget: The contractor of the Shard project had presented a contract of around 350 million pounds. It was a fixed-price contract. This budget had exceeded more than 400 million pounds (Wallace 2017). Delay: The other issue that was faced during the execution of the project was delay due to weather issues due to high wind. Busiest station: The Shard was built in a busy transport station and this led to logistic issues. Maintaining safety of the people was one of the main challenges in the Shard project. Construction approach: The top down construction approach had also led to several challenges. The unique architecture of the building posed engineering challenges as well. Overcoming the Challenges Proper flow of communication and innovative strategies has helped to overcome the mentioned challenges and achieve success. Effective project scheduling was done that ensured right equipments were used at the right time (Kerzner 2013). VENTEX systems were installed for maintaining the air quality. Air quality was constantly monitored. RAVEX systems were installed for controlling exhaust fumes (Rvtgroup.co.uk 2017). These systems solved the safety issue of the project. Jump-lift construction has helped to overcome certain challenges of this project (Ctbuh.org 2017). The equipments were properly maintained to avoid equipment breakdown. Strong project management team helped to overcome the budget related and delay issues. Lessons Learnt Lessons learnt during the execution of the Shard project are: Strong foundation: The main lesson that was learnt during the project execution was that the foundation of the building plays a critical role in the success of any construction project. Strong planning: Something magnificent can be built even in a small area with a proper plan. Effective strategy must be developed to overcome challenges (Fewings 2013). Strong communication: Constant flow of communication is mandatory for the success of any project. Strong vision: Correct vision of the finished product helps to develop strong construction logic (Chapman 2014). References Chapman, M.R., 2014.The Rules of Project Risk Management: Implementation Guidelines for Major Projects. Ashgate Publishing, Ltd. Ctbuh.org.,2017.The Shard, London. [online] Available at: https://www.ctbuh.org/TallBuildings/FeaturedTallBuildings/FeaturedTallBuildingArchive2013/TheShardLondon/tabid/6020/language/en-US/Default.aspx [Accessed 28 Oct. 2017]. Fewings, P., 2013.Construction project management: an integrated approach. Routledge. John Parker, M.A., 2013. Engineering The Shard, London: tallest building in western Europe.Proceedings of the Institution of Civil Engineers,166(2), p.66. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Mace.world., 2017.The Shard | Mace World. [online] Available at: https://mace.world/mace-world/better-business/the-shard/ [Accessed 28 Oct. 2017]. Parker, J., Sharratt, M. and Richmond, J., 2012, September. The Shard, London, UK: response of arches to ground movements. InProceedings of the Institution of Civil Engineers-Bridge Engineering(Vol. 165, No. 3, pp. 185-194). Thomas Telford Ltd. Rvtgroup.co.uk., 2017. [online] Available at: https://rvtgroup.co.uk/cmsrvt/uploads/shard.pdf [Accessed 28 Oct. 2017]. Walker, A., 2015.Project management in construction. John Wiley Sons. Wallace, D., 2017.Project managing the Shard. [online] Blog.learningpeople.co.uk. Available at: https://blog.learningpeople.co.uk/project-managing-the-shard [Accessed 28 Oct. 2017].
Wednesday, December 4, 2019
Determinants of Investment free essay sample
Industrial sector in India has been undergoing significant changes both in its structure and pattern owing to the policy changes. Since the early 1950s up until the early 1980s the evolution of manufacturing sector was guided by protected industrial and trade policies, which restricted the growth of the economy in general and manufacturing sector, in particular. Under old industrial and trade policy regime, manufacturing sector was characterized by extensive public sector participation, regulation of the private sector firms, restrictions on foreign investment, high tariff and non-tariff restrictions on imports, which held up the growth of the manufacturing sector in India. This has been replaced by a more liberal industrial and trade policy regime, through the inception of new economic policy in 1991. The major focus of these policies had been to dismantle the complex web of controls that severely constrained the emergence and operation of the private entrepreneurs. Investment performance has been a key emphasis in the policy debate following the reforms (Athukorala and Sen 1998). It is observed that new policies have made tremendous effects on the industrial sector, in terms of conducive business environment and future growth process of industries. Understanding of the behaviour of investment provides an important insight into the process of economic development. The economic growth critically depends on capital accumulation and it stems from investment. The economys productive capacity can be expanded by investment spending as a dynamic variable, on long life capital goods which embody technical advance. However, recent theoretical and empirical studies on the determinants of investment focused on the role of government policy and tried to derive an explicit relationship between the principal policy instruments and private investment (Blejer and Khan 1984, Greene and villaneuva 1991). More importantly, as evidenced in many research works (1), it is the private investment that plays a greater role than public investment in determining economic growth in developing countries. Investment refers to increase in the total assets of a corporation, where new investment consists of addition to its assets, which enables it to produce more output. The growth in industrial output is primarily associated with new investment in plant and machinery. If firms are confident that demand will remain buoyant, they invest more in new plant and machinery which generate even more demand. The escalating domestic demand and growing export orientation has brought an upsurge in the Indian manufacturing sector. Phenomenal growth is registered in automobile sector, iron and steel, machinery and equipment, including transport and basic chemicals sector in recent years. Emphasizing the role of private investment in determining economic growth in a developing economy, a short run analysis of investment determinants becomes crucial for understanding year to year changes in industrial performance. In this paper, we made an attempt to assess the determinants of investment patterns of Indian Manufacturing sector over the years, at an aggregate level of major industry groups. The aim of this paper is to examine the role of accelerators and financial variables affecting on investment. The broad objective is to investigate, the significance of internal funds as a source of finance and the role of external funding (debt and equity) for industries in determining investment, which are usually channeled towards growing and profitable industries. It is observed that an extensive volume of research works have emerged, both at the theoretical and empirical levels, to counter the above issues. Theoretically, in modeling the determinants of investment behaviour of a firm, five broad approaches are considered; which include the simple accelerator model, the liquidity theory, the expected profits theory and the neo classical theory of investment. One of the first theories of investment and the base for other approaches was the simple accelerator model, (Clarke, 1917) which maintains expected future sales as the main determinant of investment. This acceleration concept hypothesized a direct functional relationship between a rate of change in a flow and additions to a stock, (Meyer. J and Edwin Kuh, 1955). Specifically, additions to the stock of physical capital were considered, as a simple function of the rate of change in output. This model was soon transformed into the flexible accelerator model of investment behaviour (Chenery, 1952 and Koyock, 1954), which states that, the adjustment of capital stock to the desired level is not instantaneous because of delivery lags and delayed responses to changes in the level of demand. They incorporated financial variables along with future sales as the determinant for investment decisions, where they assumed the level of desired capital to be proportional to output. There are other theories, which are propounded as alternatives to the rigid accelerator theory i. e. Liquidity theory and Expected Profits theory. In the liquidity theory of investment behaviour, desired capital is proportional to liquidity (Jorgenson and Calvin D. Siebert 1968), where as in expected profits theory desired capital is proportional to profit. The Profits theory holds that the amount of investment spending depends on the amount of profits that firms and industries are making i. e. profit expectations determine investment behaviour. As, against the above investment theories, the neo classical investment path, based on firm profit optimization, has been most dominant in applied research (Robert. S. Chirinko 1993). There are two major variants of this approach; one is the user cost of capital model, pioneered by Dale Jorgenson (1963), which postulates that output levels and user cost of capital are the two key determinants of investment. The theory of a profit maximizing firm, subject to a production function through which a technical relationship between inputs and outputs get defined is central in the neo classical model. The model assumes flexible accelerator prices and capital markets. The other variant of the optimizing approach is the [q. sup. 2] theory pioneered by Tobin (1969), which incorporates Keyness analysis of share (stock) price instability into fixed investment volatility. According to Tobin, firm investment opportunities are summarized by the market value of its capital stock. In particular, firm investment expenditure is positively related to average q (also known as Tobins q) defined as the ratio of the market value of the firm to the replacement cost value of its assets. The use of q is based on the idea that investment opportunities can be captured by equity market. On the other hand, a vast literature (3) suggests that in addition to real sales growth and the user cost of capital, financial factors are also imperative in explaining short-run fluctuations in investment. However, irms first utilize internal funds for investment purposes so as to maintain their control. But, the external finance is also sought for financing their investment plans if the desired rate of growth is higher than that permitted by the internal finance. According to financing hierarchy hypothesis, i. e. Myers (1984) pecking order theory of financing, the firms capital structure will be driven by the desire to finance new investments, first internally, then with low-risk debt, and finally with equity only as a last resort. In contrast, transaction costs / or information asymmetries induce a cost premium that makes external finance an imperfect substitute for internal finance (4). Therefore, in a world of heterogeneous firms, financing constraints would clearly influence the investment decisions of firms. In particular, investment may depend on financial factors, such as availability of internal finance, access to new debt or equity finance, or the functioning of particular credit markets. In the following empirical works where we found the contradictory views regarding investment determinants. The studies, like Dhrymes, P. J. , and M. Kurz (1967), Sachs, Reynolds and Albert. G. Hart (1968), investigated the determinants of fixed investment in a broader way, where they determined the structure underlying the dividendinvestmentexternal finance triad of decision making process and found external finance activity of firms to be strongly affected by their investment policies. They indicated the considerable relevance of accelerator and profit theories in explaining the empirical behaviour of investment. Krishnamurthy. K and Sastry (1971, 1975), Bhattacharya. S (2008), also argued along similar lines, found the positive effects of accelerator, retained earnings and flow of external finance in determining investment behaviour of Indian manufacturing sector. These studies claim a significant support for the investmentaccelerator relationship. Similarly, Bilsborrow E. Richard (1977) analyzed the determinants of investment of manufacturing firms with different institution and cultural context of a developing country study of aggregate Colombian firms, where along with the accelerator and financial variables he appraised the importance of foreign exchange as a significant influence on annual variation in investment. Recent empirical works (5), revealed the dependence of investment on financial factors. Hubbard. G, (1998) emphasized on the contemporary models of capital market imperfection and the implications of these models in firms investment process. The study considers the applications of these models to a range of investment activities including research on inventory investment, research and development, employment, business formation, survival, pricing and corporate risk management. However, identifying a specific channel (debt covenants) and the corresponding mechanism (transfer of control rights) through which financing frictions impact corporate investment, Chava. S and Michael. R. Roberts, (2008), show that capital investment declines sharply following a financial covenant violation, when creditors use the threat of accelerating the loan to intervene in management. Further, the reduction in investment is concentrated in situations in which agency and information problems are relatively more sever, highlighting how the state-contingent allocation of control rights can help mitigate investment distortions arising from financing frictions. On the other hand, Cava La, Gianni (2005), Bond. S and Costas Meghir (1994), explored the impact of financial factors on corporate investment, and indicated the severity of financing constraints of firms. The study on innovation is that they distinguish financially distressed firms from financially constrained firms. The presence of financially distressed firms appears to bias downwards the sensitivity of investment to cash flow. The paper also explores the effects of cash flow on investment, where the availability of internal funding could significantly affect the investment of financially constrained firms. Real sales and the user cost of capital, which incorporates both debt and equity financing costs, also appears to be an important determinant. Their views have been contradicted to some other studies which argue for the government intervention in the allocation of investment finance (6). Emphasizing on the implications of the recent structural adjustment policy reforms of 1990s, for investment behavior Athukorala and Sen (1996) examined the determinants of private corporate investment in India. The results of their econometric analysis suggest that the net impact of the reforms on corporate investment has been salutary. The decline in real public sector investment brought about by the fiscal squeeze carried out as part of the reforms seems to have had a significant adverse impact on corporate investment. However, this adverse impact was outweighed by the salutary effects of the reform process on investment operating through the decline in real rental cost of capital and favourable changes in investor perception in the aftermaths of the reforms. Finally, they indicated the strong complimentary relationship of public investment with private corporate investment in India. The previous empirical studies focused on investment determinants, on the manufacturing sector as a whole for the pre and post reform period, with the variables such as level of output, expected future earnings, cost of capital, profits, and bank credit.
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