Spains Influence On The Development Of Individual...

The histories of different nations shape the development of individual countries and cultures. The country of Spain is no different. Spain is located in southwestern Europe and is part of the Iberian Peninsula, as well as Portugal. Spanish Cuisine has been influenced by many other countries and cultures. One of these influences is the Sephardic influence. This influence is based out of Israel and Jewish immigrants. This influence changed Spain’s history and influenced the foods that were eaten. Many of the foods that are well known in Spain, are actually not based out of Spain, but were brought to the country throughout Spain’s history. Throughout both Spain’s and Israel’s histories, there are a lot of similarities, as well as differences. Spain currently occupies the majority of the Iberian Peninsula and shares a border with France and Portugal (Peterson, 2016). Spain’s history is primarily Catholic, but also contains small amounts of other religio ns and cultures. Spain began to become a nation during the Reconquista, which was an extremely long conquest during the early 700’s. The point of this conquest was to keep Spain, by pushing back the Muslim invaders (Peterson, 2016). Spain was made up of three Christian kingdoms: Castile, Aragon, and Portugal. These kingdoms separated Spain, yet, they all fought to move the Muslim invaders out. After the Reconquista, there were a large amount of alliances and marriages that unified Spain. In 1469, the marriage of Ferdinand, ofShow MoreRelatedCulture And Culture Of Spain1370 Words   |  6 PagesCulture of Spain Spain is a European culture that is based on a range of historical influences due to the migrations to Spain. Over the years cultures of Spain are known for their folklores in different social structures and diverse regions (Wren 18). World culture has been defined different by a number of scholars which all tend to agree in the same way. They tend to state that culture is shared by a group of individuals and transmitted through learning. Cultures shape humanity to a greaterRead MoreEssay about Spanish Government1404 Words   |  6 PagesThey caused the down fall of the Visogothic Kingdom. By the middle of the 8th century the muslims had made a strong hold in Spain. They put king Abd al-Rahman in to power. He feld the slaughter of 750 A.D. from Abbasid. Muslim Spain had a flurshing culture with libraies and other educational materials. The new Leader was Caliph Al-Hakam. Then it broke into smaller petty kingdoms known as Ta’ifas. They soon broke up and caused even more p etty kingdoms. Next the Christian Reconquest took place in 718Read MoreAnalyzing Mexican Culture Of Mexico1420 Words   |  6 PagesAnalyzing Mexican Culture Directly south of the United States is over 761,000 square miles of land. It consists of beautiful beaches, high mountains, low coastal plains, high plateaus, and multiple deserts. Divided into 31 states and 1 federal district, the vast area of land is home to more Spanish speakers than any other nation in the world. This country, The Estados Unidos Mexicanos (Mexico), has acquired a rich history, retained government that has remained optimistic about the future, despiteRead More Spain Essay1999 Words   |  8 Pages Spain nbsp;nbsp;nbsp;nbsp;nbsp;Spain, a country occupying the greater part of the Iberian Peninsula, and bounded on the north by the Bay of Biscay, France, and Andorra, and on the east by the Mediterranean Sea. The Balearic Islands in the Mediterranean and the Canary Islands in the Atlantic Ocean off the coast of Africa are governed as provinces of Spain. Also, Spain administers two small exclaves in Morocco—Ceuta and Melilla. The area of Spain, including the African and insular territoriesRead MoreThe Philippine Philippines Culture And Culture Essay1329 Words   |  6 Pages The Philippines is a country deeply rooted in culture. The Army defines culture as a â€Å"dynamic social system† containing the values, beliefs, behaviors, and the norms of a â€Å"specific group, organization or society or other collectively† learned, shared, internalized, and changeable by all members of the society (FM 3-24 COUNTERINSURGENCY, 2006). Cultures have different characteristics which consist of shared, learned, symbols, integrated and dynamic. Culture The Philippine islands are brokenRead MoreFood and Culture: a Cross Cultural Look at Eating Habits5618 Words   |  23 PagesFood and Culture: A Cross Cultural Look at Eating Habits No matter where we are from, eating is one of the most personal experiences of life. Everyone finds enjoyment and comfort in eating foods associated with their early days and heritage, but personal sensations and perceptions on eating are merely a fraction of the global picture. Learning about other cultures, their values, and what they seek will enhance relationships between individuals throughout communities and the nation. Eating habitsRead MoreTourism and Hospitality Business - Feasibility Study - Spain4897 Words   |  20 Pages References xiv Executive Summary Spain’s excellent blend of culture, heritage and modern infrastructure and facilities makes it very attractive for tourists. Spain has a rich history associated with its tourism and hospitality industry and this has developed into a massive industry in recent times, contributing greatly to Spain’s GDP. There are a number of options in terms of accommodation, attractions, amenities and accessibility within the country and these cater to different types of touristsRead MoreTourism and Hospitality Business - Feasibility Study - Spain4904 Words   |  20 Pagesxiii References xiv Executive Summary Spain’s excellent blend of culture, heritage and modern infrastructure and facilities makes it very attractive for tourists. Spain has a rich history associated with its tourism and hospitality industry and this has developed into a massive industry in recent times, contributing greatly to Spain’s GDP. There are a number of options in terms of accommodation, attractions, amenities and accessibility within the country and these cater to different types of touristsRead MoreEssay Review Questions4116 Words   |  17 Pagesthe most populous part of the New World and the regions richest in natural resources. Stretching from the Andes Mountains of South America through present-day Mexico and the Caribbean and eventually into Florida and the southwestern United States, Spain’s empire exceeded in size the Roman empire of the ancient world. Its center in North America was Mexico City, a magnificent capital built on the ruins of the Aztec city of Tenochtitlà ¡n and boast ing churches, hospitals, monasteries, government buildingsRead MoreImportant of Tourism Industry Around the World2053 Words   |  9 PagesHigher Diploma in Hotel Management HOM 140 H Fall 2008 â€Å"Importance of Tourism industry in Destinations around the world.† An introduction to tourism: The subject of tourism: In historical terms, tourism activity is a relatively new development and only recently has it been considered worthy of serious business Endeavour or academic study. However, the tourism industry is of sufficient economies importance and its impact upon economies, environments and societies is significant enough

Analysis Of `` Sapphire s Novel `` Push `` - 1570 Words

Sapphire uses language to control how readers react the her novel Push, she attempts to impose feelings of anger, helplessness, and hope onto her readers. The story follows Precious through two years of her life, during which she experience all the emotions that Sapphire imposes on the reader. This is to make readers empathize with Precious. Sapphire carefully chooses her words, using specially chosen phrases at certain integral points in the novel. By doing so, she gives each word significant meaning. Her language usage emphasizes Precious’ intelligence, something that is continually questioned throughout the novel. Precious is often reduced to a stereotype by her mother and social worker, but Sapphire chooses language that not only†¦show more content†¦Precious still believes in love and home, though it is possible that she has never been shown love, and may have never felt as though she had a home. She knows what love is, and that she feels it for her child. Precio us has not let her circumstances dictate her future, she is refusing to become just another stereotype. Sapphire illustrates this conviction by the line â€Å" [l]isten baby, Muver love you. Muver not dumb† (Sapphire 66). Given that fuck is the only word spelled correctly in Precious’ alphabet, it most likely has an important meaning in her life. Fuck, as an adjective is usually used to express strong, often negative, emotion. Precious uses it frequently throughout both the narrative and her journal entries, it is reasonable to assume she cannot easily express her emotions, and therefore resorts to profanities. Fuck is not a word usually taught in school, and it is unlikely that Precious’ parents taught her how to spell much of anything; therefore Precious most likely learned how to spell the word from graffiti, which further illustrates the conditions in which Precious grew up. Even though she has spelled nothing else in her alphabet correctly, Precious knows how to spell fuck and how to use it correctly in all matters of speech. Sapphire uses fuck to demonstrate Precious’ internalized negative emotions. Using fuck as a verb indicates the act of having sex, though it is being expressed in a lewd manner. To say â€Å"fucking† ratherShow MoreRelatedPush : Paradigm Complexities : Essay1758 Words   |  8 PagesPush: Paradigm Complexities 1 INTRODUCTION In Sapphire’s (1997) novel Push, she emphasizes an overall theme of surviving and overcoming adversities like identity, mental disability, and self-image. The dynamics of the book focuses on Clarice Precious Jones, a maltreated and obese, African American teenager who struggles with the repercussions of being physically, sexually, and psychologically abused by her parents— mainly, getting impregnated by her father. Precious and her first child by her fatherRead MorePrecious Based on the Novel Push by Saphire Analysis1368 Words   |  6 PagesJaclyn Butler 04/24/2012 Intracultural Communications Professor Brook Film Analysis on 2009’s â€Å"Precious† Analyzing a dynamic film like the 2009 â€Å"Precious† is difficult. The movie got a lot of praise for the acting and the story that was portrayed but it also got a lot of heat from the race that was portrayed in the movie. African Americans nationwide said the movie made their African American ghettos into a sexually incest ridden, classless society and didn’t properly show any of the positiveRead MoreAlienation in WWII literature2652 Words   |  11 Pagesabout Angry Young Men and Outsiders. By late 1957, America had created its own version of the Angry Young Men, known as The Beat Generation, including writers such as Jack Kerouac, Allen Ginsberg and William S. Burroughs. Margaret Drabble presents alienation in a different light in her novel. Where Osborne was an extremely misogynistic individual and majorly involved this aspect into his play, The Millstone is quite the opposite, in the sense that the central character is a young woman on a questRead MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 PagesStrategic management E) Distribution management Answer: A Page Ref: 5 Objective: 2 Difficulty: Easy 3) Identify the correct statement about marketing management. A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a companys products and services. C) It focuses solely on attaining an organizations sales goals in an efficient manner.

Work-life conflict Free Essays

Abstract Work-life conflict is among the human resource challenges that adversely affects the productivity of employees and leads to physical and psychological health issues. This paper provides an in-depth discussion of this issue, addressing its causes and consequences. It also refers to psychological theories on work-life balance to provide a more in-depth understanding of the issue. We will write a custom essay sample on Work-life conflict or any similar topic only for you Order Now To ensure that there is a work-life balance; organisations have to implement strategies that help employees to cope with their family and workplace responsibilities. Some of these strategies, as well as legal requirements for employers, have also been discussed in this paper. Introduction Employees play a vital role in any organisation. Thus, it is vital for human resource managers to ensure that employee productivity is optimal. One of the factors that may affect employee productivity is work-life conflict (McNamara, et al., 2011). It is defined as an inter-role struggle, where work and family burdens are conjointly incompatible, such that the demands on one end make it difficult to fulfil the demands on the other end (Messersmith, 2007). For organisations that intend to maintain their competitive advantage, it is vital for them to create a work environment allows for a balance between family or life responsibilities and workplace responsibilities. Whereas this is known by many employers across the globe, there are still many cases of work-life conflicts in many organisations. Employees also play a role in ensuring that they have a balance between their work and families (Yuileet al., 2012). For instance, there are employees who are excessively obsessed with their wo rkplace. This therefore limits the time for their family and social life (Rantanen, et al., 2011). This paper discusses the issue of work-life conflict, its common nature, the causes and consequences of the challenge, the psychological understanding of the challenge as well as key policy and legal consequences from the occurrence. Work-life Conflict As aforementioned, this conflict occurs as a result of an incompatibility of demands that work and family place on an individual (Messersmith, 2007). This conflict is bi-directional, meaning that it the productivity of employees at the workplace and also adversely impacts on the delivery of family responsibilities (Rantanen, et al., 2011). According to Robbins and Judge (2012), work-life conflict has two main components. One of these is the practical component that comprises of scheduling issues, where individuals cannot be in more than one place at a time. The other component is the stress that occurs as a result of overloading employees with many responsibilities (Robbins Judge, 2012). The issue of work-life conflict can be classified into several categories. These include role overload, family to work interference and work to family interference (Turner et al., 2014). Role overload is experienced when demands in terms of energy and time – both in their families and at the workplace – are too much for an employer to handle comfortably (Lapierre et al., 2012). Work to family interference occurs when workplace commitments make it challenging to fulfil family responsibilities. Family to work interference refers to the interference of family responsibilities with workplace productivity (ten Brummelhuis et al., 2010). Commonness of Work-life Conflict Even though the technological developments that have taken place within the past decade are expected to have made organisations more flexible in scheduling to reduce work-life conflict, this issue is still rampant in the United Kingdom. For instance, the maximum working hours per week in the UK are 48. However, as established by Crush (2011), there were more than four million Britons working for more 48 hours in 2011. It was also established that more than five million Britons work for an average of more than seven hours per week without payment. In a survey that was carried out by Robert Walters, a recruitment agency, it was found that approximately 30% of human resource professionals, lawyers and financial risk professionals work for more than 50 hours weekly (Crush, 2011). Even though it is impossible to estimate the commonness of all forms of work-life conflicts in the United Kingdom, the mentioned statistics indicate that this issue affects many companies. In terms of gender, Ly ness and Judiesch (2014) argue that women are faced with more work-life conflict issues as compared to men based on the fact that they typically have more family roles than their male counterparts. Causes of Work-life Conflict The different types of work-life conflicts have different causes. One of these is an overload of roles both at their workplaces and in their families, which may be too heavy and taxing to an employee. This makes it practically impossible for the employee to satisfy the role demands on either side of the conflict (Makela Suutari, 2011). Whereas employers are responsible for overloads at the workplace in most cases, it may also be as a result of an increased ambition by employees, who may take up a lot of work-related responsibilities to achieve certain monetary goals or promotions (Yuile et al., 2012). Conflicts may also occur due to the interference of an individual’s work by family demands and responsibilities, where tasks emanating from the family infiltrate into the responsibilities that are demanded from the employee at the workplace (Yuile et al., 2012). This often happens to single parents who end up having so many responsibilities to their children such that it often l eads to their arriving at work late or having to think more about their families while at work than they concentrate on their jobs. This may drain the employee’s energy, time and financial resources (Inman et al., 2014 ). Consequences of Work-life Conflict There are many effects that arise from work-life conflict, which all lead to reduced performances in both family and workplace responsibilities. Several researches that have been carried out on of work-life conflict have established that it has a negative impact on both physical and psychological health of individuals. For instance, McNamara et al., (2011) established that work-life conflicts cause burnouts that are more related to emotional exhaustion. They also established that it leads to physical health issues like fatigue, poor appetite and high blood pressure, among others. In another research that was carried out by Makela and Suutari (2011), it was established that increased work-life conflicts increase depression and stress. Even though many researchers argue that there work-life conflict has adverse impacts on employees, Sullivan, Yeo, Roman, Bell Jr, and Sosa (2013) argue that the intensity of these impacts varies with the individuals being subjected. For instance, he esta blished that married people are more affected than those who are single. Psychological Theories relating to Work-life Conflict Based on the interest that this subject has elicited in researchers, several theoretical frameworks that can be used to understand work-life conflict and work-life balance have been suggested. One of these is overall appraisal and components approach (Tyson, 2012). The overall appraisal approach is referred to as a general assessment of an individual’s life situation. It explains work-life balance as a â€Å"satisfaction and good functioning at work and home, with a minimum of role conflict† (Clark, 2000, p751). It also considers work-life balance as the sufficiency of family and work resources to facilitate effective participation on both sides. Though it has helped in understanding work-life conflict of balance, this theoretical approach has been criticised for being too general in addressing this issue without pointing out the specific components of work-life conflict. The components approach, on the other hand, is based on an understanding that work-life conflict oc curs as a result of several facets, which include involvement, satisfaction and time (Grzywacz Marks, 2000). Thus, for there to be a balance, there has to be a balance in time devotion, psychological investment and satisfaction, both at the workplace and at home. How to Prevent Work-life Conflict Based on the theoretical frameworks that have been mentioned above, it can be argued that it is vital to ensure a work-life balance (Clark, 2000). The management has a role to play in this regard in improving the lives of their employees so as to improve the results of the organisations that they work for. One approach that can be used is introducing alternative working arrangements for employees. This may be done through the introduction of flexibility at work, such as the times of arrival and departure, or even occasionally shuffling work schedules for employees (Ford et al., 2007). This reduces the stress caused by boredom and routines that easily culminate in work-related stress, and get into new and positive changes of their new roles at work (Lyonette et al., 2007). There is however a possibility that the initial stages of routine change might reduce employee productivity as employees may need some time to adjust into their new schedules and roles. Organisations can also provide work-life benefits to employees, so as to enable them have ample times with their families and consequently produce better results for the organization as they perform better at work (Inman et al., 2014). Such employer benefit mechanisms may include being given personal days off especially when the employee has been consistent at work for a long time and has achieved greatly for the firm, as an appreciation (Tyson, 2012). It may also include the provision of facilities that would enable persons to carry out their work responsibilities while at the same time having the confidence that their family matters are well taken care of such as the provision of day care facilities in the office, or the creation of a gym at the gym (Yuile et al., 2012). Besides the mechanisms that organisations may lay in order to aid their suffering employees from mental problems brought about by work-life imbalances, employees may themselves also create measures that may enable them create effective work-life balances (Grzywacz Marks, 2000). For instance, employees may create the social support systems or programs that enable colleagues to guide, support and counsel each other. Key policy and legal requirements that employers must consider Employers in all organisations are bound by legal mechanisms and government policies that obligate them to do certain things and sanction them against doing others (Sanseau Smith, 2012). For instance, with reference to the Employment Rights Act 1996 c. 18 Part V, employers are legally bound by the fact that they are meant to create conducive atmosphere for their employees as they carry out their duties (Legislation.gov.uk, 1996). All employees have a right to work under surroundings that augur well with their trade of work and they must be protected from physical and emotional harm that may emanate from their duties (Lyness Judiesch, 2014). Another legal binding is the ‘working hour directive’ (Directive 2003/88/EC). Employers are bound by the legal provisions that require working hours to be at a maximum of 48 hours a week, unless employees willingly choose to work for more (European Parliament, 2003). Any employer who requires his employees to work beyond these hours time must provide overtime remuneration. Such working hours must also be understood to include breaks in between them to allow employees to work better (Yuile et al., 2012). This provision was enacted to ensure that workers are able to even out and balance their work and private lives, where more time is left for the workers to spend with their families in order to improve their psychological situations (European Parliament, 2003). There is the holiday entitlement act requires employers in the UK to allow their employees to take a 5.6 week annual leave every year (Gov.uk, 2014). In addition to this, there are also paternity and maternity leaves that employees are entitled to. These leaves allow them to keep off work to rejuvenate their minds (Hill et al 2010). Employers must therefore ensure that such leave is adhered to and consequently the employees are in a better position to improve their work-life conflicts as they spend more time with their families. Certain organisations go to the extent of paying for holiday for their employees, especially their top management employees, during these periods of leave (Makela Suutari, 2011). Conclusion This paper has addressed several aspects of work-life conflicts at the workplace. These include its causes, consequences and approaches that companies can use in overcoming this challenge. It has also referred to some theoretical frameworks to help in creating an understanding of this subject. As argued in this paper, work-life conflicts have a major impact on the productivity of employees. This conflict is brought about by several factors which include the heavy workloads that individuals may be accustomed to at their homes and workplaces, work to family interferences and family to work interferences. All these affect the physical and mental capacities of employees, affecting their ability to handle their workplace and family responsibilities. In order to avoid these adverse consequences, organisations need to adopt various mechanisms to ensure that there is a work-life balance among employees. Employers are also legally bound to ensure that their employees are not overworked at the expense of their families. References Armstrong, M. (2008). Strategic Human Resource Management: A Guide to Action. London: Kogan Page. Clark, S. (2000). Work/family border theory: a new theory of work/family balance. Human Relations, 53, 747-770. Crush, P. (2011, 6 18). What happened to our work-life-balance. The Guardian . European Parliament. (2003). Directive 2003/88/EC of the European Parliament and of the Council of 4 November 2003 concerning certain aspects of the organisation of working time. Retrieved 6 19, 2014, from http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32003L0088:EN:HTML Ford, M. T., Heinen, B. A., Langkamer, K. L. (2007). Work and family satisfaction and conflict: a meta-analysis of cross-domain relations. Journal of Applied Psychology, 92 (1), 57. Gov.uk. (2014). Holidays, time off, sick leave, maternity and paternity leave. Retrieved 6 20, 2014, from https://www.gov.uk/browse/working/time-off Grzywacz, J. G., Marks, N. F. (2000). Reconceptualizing the work-family interface: an ecological perspective on the correlates of positive and negative spillover between work and family. Journal of Occupational Health Psychology, 5, 111-126. Inman, M., O’Sullivan, ?N., Murton, ?A. (2014 ). Unlocking Human Resource Management. New Jersey: Routledge. Lapierre, L. M., Hammer, L. B., Truxillo, D. M., Murphy, L. A. (2012). Family interference with work and workplace cognitive failure: The mitigating role of recovery experiences. Journal of Vocational Behavior, 81 (2), 227-235. Legislation.gov.uk. (1996). Employment Rights Act 1996. Retrieved 6 20, 2014, from http://www.legislation.gov.uk/ukpga/1996/18/part/V Lyness, K. S., Judiesch, M. K. (2014). Gender egalitarianism and work–life balance for managers: Multisource perspectives in 36 countries. Applied Psychology, 63 (1), 96-129. Lyonette, C., Crompton, R., Wall, K. (2007). Gender, Occupational Class and Work–Life Conflict: a Comparison of Britain and Portugal. Community, Work and Family, 10 (3), 283-308. Makela, L., Suutari, V. (2011). Coping with work?family conflicts in the global career context. Thunderbird International Business Review, 53 (3), 365-375. McNamara, M., Bohle, P., Quinlan, M. (2011). Precarious employment, working hours, work-life conflict and health in hotel work. Applied ergonomics, 42 (2), 225-232. Messersmith, J. (2007). Managing work?life conflict among information technology workers. Human Resource Management, 46 (3), 429-451. Rantanen, J., Kinnunen, U., Mauno, S., Tillemann, K. (2011). Introducing theoretical approaches to work-life balance and testing a new typology among professionals. In Creating Balance(pp. 27-46). Berlin: Springer Berlin Heidelberg. Robbins, S. P., Judge, T. A. (2012). Organizational Behavior. New Jersey: Prentice Hall. Sanseau, P. Y., Smith, M. (2012). Regulatory change and work-life integration in France and the UK. Personnel Review, 41 (4), 470-486. Sullivan, M. C., Yeo, H., Roman, S. A., Bell Jr, R. H., Sosa, J. A. (2013). Striving for Work-Life Balance: Effect of Marriage and Children on the Experience of 4402 US General Surgery Residents. Annals of surgery, 257 (3), 571-576. ten Brummelhuis, L. L., Bakker, A. B., Euwema, M. C. (2010). Is family-to-work interference related to co-workers’ work outcomesJournal of Vocational Behavior, 77 (3), 461-469. Turner, N., Hershcovis, M. S., Reich, T. C., Totterdell, P. (2014). Work–family interference, psychological distress, and workplace injuries. Journal of Occupational and Organizational Psychology, 3(8), 57-71. Tyson, S. (2012). Essentials of Human Resource Management. Oxford: Routledge. Yuile, C., Chang, A., Gudmundsson, A., Sawang, S. (2012). The role of life friendly policies on employees’ work-life balance. Journal of Management and Organisation, 18 (1), 53-63. How to cite Work-life conflict, Essay examples

The Investment Detective Case free essay sample

Actually, we can rank the projects by simply inspecting the cash flows. However, it is not a good method to rank the projects. In order to ensure that the investment projects selected have the best chance of increasing the value of the firm, we need tools to evaluate the merits of individual projects and to rank competing investments. In this case, our group using some tools which are Payback Period, Net Present Value (NPV) , Profitability Index (PI), and Internal Rate of Return (IRR). We are only using quantitative considerations that we think to be relevant and no other project characteristics are deciding factors in our selection of the best four projects. Payback Period NPV PI IRR Sum of Cash Flow Benefits Excess of cash flow over initial investment Project 1 6 years 22 days $ 73. 09 104% 10. 87% 3310 1310 Project 2 2 years ($ 85. 45) 96% 6. 31% 2165 165 Project 3 15 years $ 393. 92 120% 400% 10000 8000 Project 4 6 years 18 days $ 228. 82 111% 12. 33% 3561 1561 Project 5 7 years 1 month 20 days $ 129. 70 106% 11. 12 % 4200 2200 Project 6 1 year 0 100% 10% 2200 200. Project 71 year 10 months 20 days $ 165. 04 108% 15. 26% 2560 560 Project 8 6 years 14 days $ 182. We will write a custom essay sample on The Investment Detective Case or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 98 109% 11. 41% 4150 2150 When coming up with our calculations to rank the four best projects we have to take into account that each project is going to require an initial investment of two million dollars and in using historical data from other capital budgeting analysts in the firm, we assume that the appropriate discount rate is ten percent for our calculations. After calculating it, we have found the number for every tool on every project, and rank the projects. Even project’s ranking using different methods give a different ranking. Therefore, we are basing our rankings only from the results that we receive from our Net Present Value calculations because we feel this method to be the most consistent and it also takes into account all of the cash flows as well as the time value of money. Most important, The NPV measures how much wealth a project creates or destroys for shareholders. The NPV approach has the clearest link to maximize shareholder wealth and become the â€Å"gold standard† for evaluating investment opportunities. Because we are using the NVP method, the ranking of the project is: Ranking 1 Ranking 2 Ranking 3 Ranking 4 Ranking 5 Ranking 6 Ranking 7 Ranking 8 Project 3 Project 4 Project 8 Project 7 Project 5 Project 1 Project 6 Project 2 Therefore, the best four projects are Project 3 (NPV = $393. 92), Project 4 (NPV = $228. 82), Project 8 (NPV = $182. 98), and Project 7 (NPV = $165. 04) What kinds of real investment projects have cash flows similar to those in Exhibit? Project 1 is mostly similar to investment in a coupon bond, where you are able to get coupon payments periodically at the end of the period when you get the principal. Project 2 and 6 are most likely like the actual venture capital project where bulks of cash inflows occurs at the end while some of the cash inflows takes place at the beginning. Project 3 is related to zero coupon bond where you can purchase the bond at a specific price and you receive a big cash inflow at the end of the maturity period. The following projects 4, 7, and 8 are closely similar to an investment in machinery, which generates positive cash for you for a certain period of time. After a while, you can sell that off and receive some more cash. There might be some additional cash outflows initially to get the machinery going. Project 5 is similar to annuity in an machinery investment Recommendation Based on case analysis, we have already ranked the project and know the best four projects which are the projects that the company should accept. Ranking 1 is project 3 which is related to zero coupon bond. Ranking 2 until Ranking 4 are project 4, 8, and 7 which are an investment in machinery. We suggest that the company accept project 3 because it has the highest NPV which is $ 393. 92.