case study schizophrenia Essay - 755 Words

Case Study: Schizophrenia Answer Sheet Student Name: Diagnosing Randy: 1. Go to the DSM-IV checklist for schizophrenia and list each of Randys behaviors that satisfy the symptom criteria for schizophrenia. Which of Randys symptoms meet any of the criteria? (Be sure to match specific symptoms with specific criteria.) Randy has cognitive symptoms that include trouble focusing, distress, and difficulty paying attention. His positive symptoms include hallucinations as well as delusions. His negative symptoms are his lack of hygiene and flat effect. 2. How long has Randy been experiencing symptoms that meet the criteria for schizophrenia? Randy has experienced his symptoms since he was 22 or ten years. 3. What type of schizophrenia†¦show more content†¦The loss of his brother and other family situations may have brought his predisposition to the front. 4. What sociocultural factors may have played a role in Randy’s schizophrenia? From a sociocultural viewpoint would suggest that maybe his race, as well as his country, and social environment could play a role in his schizophrenia also people labeling him as not normal could have played a role in a self fulfilling prophecy. Sociocultural views may also suggest that family stresses may have been a contribution to his schizophrenia. Treating Randy: 1. Assume that instead of being jailed for his offenses, Randy is referred to a community health center for treatment planning. You are assigned to be his caseworker. What kind of assessments will you need to do before you begin Randy’s treatment planning? Before Treating Randy a family history would be very helpful to give me an idea of Randy may have been predisposed to his schizophrenia. I would search for abnormalities in his brain with a brain scan. And check for any viral infections that may be causing an illness. Also evaluating Randy’s social situation would be necessary for and overall understanding. 2. What type of medication might you recommend for Randy? I would recommend atypical antipsychotic drugs such as clozapine because they â€Å"appear to be more effective than conventional drugs† (Comer, 2015). 3. What mental health treatment modalities would be helpful to Randy in addition to medication?Show MoreRelatedSchizophrenia Case Study1627 Words   |  7 Pageswith schizophrenia compared with second year students although 38.7 % of the sixth-year students still perceived individuals with schizophrenia as being dangerous. Recently, Danaci and colleagues (32) recruited 106 freshman medical school students, who did not receive any theoretical or practical training on psychiatry. After 5 years, students who completed their psychiatry internship were recruited again. Their results revealed that students’ attitudes toward individuals with schizophrenia changedRead MoreCase Study (Schizophrenia)1494 Words   |  6 PagesCase Study (Schizophrenia) Benny is 52 years old and has been working as a driver for a postal company for the past 28 years. He had a very cheerful and normal childhood, with sufficient caring from parents. He loves his parent very much. Benny has been unmarried his entire life. He reports that he has always been nervous with the girls and such and avoids making any significant social overtures with women. He meets his sexual needs matter of fact by visiting a prostitute on a regular basisRead MoreSchizophrenia Case Study3419 Words   |  14 Pagesnegative side effects, the SSRI/SSNI’s are prescribed more often.   Ã‚   In a 2009 study by Andrea Cipriani, MD, newer generation antidepressants previously used in randomized controlled studies between 1991 and 2007 were reviewed and compared for efficacy.   Cipriani found Zoloft and Lexapro to have the highest efficacy, least side effects which resulted in high compliance rates from patients (Cipriani, 746). The study went on to say that because Zoloft has positive balance between, efficacy, toleranceRead MoreSchizophrenia: Case Study694 Words   |  3 PagesSchizophrenia Schizophrenia is a serious mental health issue that often causes poor emotional responses and a breakdown of standard, common thought processes. People who are schizophrenic hear voices in their heads, suffer from delusions, become paranoid, and have trouble with disorganization in both their thinking and speech (Saha, Chant, McGrath, 2007). Patients cannot function well socially, and they often cannot hold jobs. They generally see their symptoms begin when they are young adultsRead MoreSchizophrenia Case Study1205 Words   |  5 Pagesinterventions for the management of symptoms of schizophrenia. Emphasis is placed on early intervention as the recurrence of psychosis results in diminished cognitive functioning and severely impacts quality of life and functioning (Galletly et al., 2016). However, emerging evidence has shown that the acute presentation of schizophrenia can be delayed and potentially averted altogether (Galletly et al., 2016). Regardless of treatment phase, schiz ophrenia intervention is designed to mitigate systemRead MoreSchizophrenia Article and Case Study1172 Words   |  5 Pages! NOVEMBER 11, 2011 SCHIZOPHRENIA Can You See The Voices? By Natascha Schoepl A Battle Against Himself CONNECTICUT - Ken Steele has heard voices most of his life. He was 14 years old when he started having auditory hallucinations. These voices commanded him to hurt himself and they were predicting his death. Hang yourself, the voices told him. The world will be better off. You re no good, no good at all. The voices got louder and louder everyday and he was no longer in control of hisRead MoreSchizophrenia Case Study Essay1321 Words   |  6 Pagesdifferent theoretical models. In the movie A Beautiful Mind it follows the mathematician John Nash as he struggles with schizophrenia. It an attempt to explain John Nash’s disorder the six different theoretical models will be looked at, they include biological model, psychodynamic model, behavioral model, cognitive model, humanistic model, and socio-cultural model. In John Nash’s case he was a brilliant mathematician who studied at Princeton University during the 1940’s. In the movie it displays JohnRead MoreEssay on A Beautiful Mind: Case Study of Schizophrenia1118 Words   |  5 Pagesmovie is based on the case study of real life mathematician John Nash who suffered from schizophrenia. The aspects of schizophrenia affected John Nash in many ways. Ethics is defined in the textbook as, â€Å"Are the tools or behaviors that one employs to achieve a desired outcome. Means can be either good or bad. Ends are those outcomes that one desires to achieve†(Polgar Thomas, 2008). The movies case study, include the sign and symptoms, social effects and treatment of schizophrenia and how it took aRead MoreSchizophrenia Case Study And Early Onset Signs1151 Words   |  5 PagesSteven Quinn Dr. Carlin Cognitive Disabilities 12/6/15 Schizophrenia Case Study and Early Onset Signs Experts agree that Schizophrenia is a syndrome with signs and symptoms that are thought to co-occur in ways that distinguish it from other syndromes and from normal thoughts and behaviors. Schizophrenia can also be defined as a psychotic disorder with, impairments in reality, disturbances of perception and thought experienced as hallucinations, delusions, hearing voices, seeing things that are notRead MoreDiscuss How and Why Particular Research Methods Are Used at the Biological Level of Analysis1242 Words   |  5 PagesDiscuss how and why particular research method are used at the biological level of analysis. The biological level of analysis in psychology refers to the study of how human behaviour, thoughts and emotions can be affected and affect the biological factors/ physiology of human body. Laboratory experiments, case studies and correlation studies are the three main research methods applied in supporting the principles of the biological of analysis in psychology. First, laboratory experiments. Laboratory

Comparing The Lesson and The Road Not Taken - 1190 Words

Topic of the paper Introduction Certain choices are made by the individuals and in most of the cases; choices are based on the surroundings of the individuals. One of the main aims of the paper is to compare and contrast two characters from selected short stories. The first character is Sylvia from The Lesson written by Toni Cade Bambara and the Narrator from the poem written by Robert Frost The Road Not Taken. The reason to compare Sylvia and The Narrator is to compare the choices made by an individual. The Lesson is a short story about a family of African American children. The children are cousins to each other, living in a low class neighborhood. Miss Moore is the tutor to these cousins. None of these from the family of cousins cared for Miss Moore. One day all children with Miss Moore hired a cab to Fifth Avenue. All these were gathered outside a toy store looking at the toys. All the children were confused and feeling out of place. Miss Moore asked the children about their experience. Sugar, one of the children commented on the amount of food consumed by all in one year that equals the price of one sailboat toy at the store. Sylvia, another important character does not like Sugars comments and tries to stop her until Sugar pushes Sylvia off. Sugar believes that there is no democracy in the country in the presence of such inequity. The main aim of the story was to show economic inequity in the society in the 1960s. Sylvia, a born leader and an optimist, isShow MoreRelatedThe Road Not Taken By Robert Frost1591 Words   |  7 Pagesregrets. â€Å"The Road Not Taken,† by Robert Frost relates to this because in the poem he describes being in the same situation of deciding which â€Å"road† will lead him to being and living a successful life or possibly living in regret. The use of metaphors, archetypes, and imagery were used throughout the poem to give a meaning of making your own decisions and really think about long term goals. Robert uses many metaphors to show how his decision impacted his life and future. â€Å"Two roads diverged in aRead MoreStrategic Leadership : A Strategic Leader929 Words   |  4 PagesBecoming a strategic leader began with an outstanding analogy comparing strategic leadership to surfing. By comparing the frustrations of failing at surfing and not knowing what changes to make to the challenge of being told you are not a strategic leader and not being given specifics to change, the authors effectively explained the value of understanding and utilizing strategic leadership. This paper will follow their lead in giving an understanding of strategic leadership as well as how to utilizeRead MoreThought and Completely Different Perspective Essay861 Words   |  4 Pageswe have made in our lifetime and sometimes we take those for granted. Making a decision can be compared to an example like having to pick which road we want to take. Left or right? We do not know where either will take us but when we make the decision and go through with the experience, we will realize if that was a generally good choice or not. Comparing life is as simple as having to pick what direction to go. Often times when individuals have to go through an experience that impacts individualsRead MoreCompare And Contrast The Lottery By Shirley Jackson1012 Words   |  5 Pagesrevel that different elements such as tone and setting are used to convey the characters arrival at dark, sinister place. If you read the stories, both stories use symbolism the most. Do you ever get questions if your actions are good, bad/evil? Comparing The Lottery by Shirley Jackson and Young Goodman Brown by Nathaniel Hawthrone stories, Shirley Jackson encourages her readers to question their beliefs, actions, and the world by creating struggle with a wicked act that is accepted by the townspeopleRead MoreLagnston Hughes Poem Dreams1302 Words   |  6 Pagesuse its’ wings to fly, just like a human’s life only has a purpose to exist if there are dreams to give it meaning. The second stanza contains another metaphor about comparing having no dreams to living an empty life. A field with nothing but snow, has no use in life except to just be there. The authors use of metaphors comparing lifeless nature to a life without dreams is extremely effective in getting the point across. After reading the entirety of the poem, it is clear that Hughes’ purposeRead More Comparing Updikes AP and Joyces Araby Essay1336 Words   |  6 PagesComparing Updikes A P and Joyces Araby  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   John Updikes A P and James Joyces Araby share many of the same literary traits. The primary focus of the two stories revolves around a young man who is compelled to decipher the difference between cruel reality and the fantasies of romance that play in his head. That the man does, indeed, discover the difference is what sets him off into emotional collapse. One of the main similarities between the two stories is the fact that the mainRead MoreEssay about The Art of War and Human Resource1709 Words   |  7 Pagesimportance to the State. It is a matter of life and death, a road either to safety or to ruin. Hence it is a subject of inquiry, which can on no account be neglected† (Tzu). This book was based on military strategies but in reality these strategies can be used in all job fields such as the Human Resources. Sun Tzu broke down each chapter with different strategies for war. From the â€Å"Laying of Plans† to the â€Å"Use of Spies† an instrumental lesson c ould be formed with the challenges that Human resource ManagementRead MoreAttention Deficit Hyperactivity Disorder (ADHD)1386 Words   |  6 Pagesof an ADHD relative to the prevalence of ADHD in the general population. Further evidence has been obtained from twin studies by comparing the rate of concordance between monozygotic (MZ) and dizygotic (DZ) twins. All of the genes are shared in the case of MZ twins whereas in DZ twins only 50% of segregating genes are shared on average. A study that involved comparing the rate of concordance between the two types of twins revealed that among MZ twins, the rate of concordance ranged between 58% andRead MoreEnglish Segment 1 Study Guide1694 Words   |  7 Pagesexaggeration b. Example I’ve told you a million times 2. What 3 questions does a theme of a text answer?   what is the text about? What message does the writer give to the reader? How does the writer feel about the subject? 3. According to the lesson, the goals of irony are    · to poke fun at human institutions like government or education, or at human weaknesses like greed, jealousy, or impatience  · to promote change and improve humanity   4. Verbal irony is similar to sarcasm, though itsRead MoreWhat Purpose Do Grades Serve?1153 Words   |  5 Pageshow and when and at what age to evaluate. Failing to do so does hamper a child’s desire to learn. A student on Alfie Kohn’s blog writes â€Å"I remember the first time that a grading rubric was attached to a piece of my writing†¦.Suddenly all the joy was taken away. I was writing for a grade — I was no longer exploring for me. I want to get that back. Will I ever get that back?† The negative effects grading has on children’s emotions and home life can be plainly witnessed around any dining table in America

Should School Uniforms Be Compulsory Free Essays

It has long been a controversial topic. Should uniforms be compulsory? The answer is short, absolutely! The reasons which support this argument far outweigh any opposing points. For years, the question has ‘ping-ponged’ back and forth as to whether having uniforms is imperative. We will write a custom essay sample on Should School Uniforms Be Compulsory? or any similar topic only for you Order Now Why would anyone choose to spend time carefully selecting different clothes to wear each day, if the option is out there to know every morning what you need to wear simply by having a uniform? Most importantly, uniforms make a group equal. There is no discrimination against someone’s choice of clothing. Commonly, families with a thriving financial status have the ability to spend money on high-end clothing labels, whilst families with an average or poor financial status have no option but to purchase the cheaper alternative. Why should anyone be put in a position of feeling as though they are judged purely on the choice of their clothing? Uniforms keep those who wear them, feeling as though they are â€Å"the same† or similar. Uniforms have the ability to make a group a team. Particularly when attending out of school activities or events, peers feel as though they are a part of team by simply wearing the same thing. It identifies complete individuals and unites them as one in the same. Look at teams of all sorts of circumstances. Soccer teams, wear the same uniform for their training and their games. How else would we be able to identify that they belong to a team or club? The staff at Qantas Airlines all wear the same uniform during their time at work. It would be quite interesting if they all decided to wear their own clothes and we weren’t able to identify them from the passengers. Without even knowing someone, a uniform can quickly identify them to any team whether that is a sports team, a company or a school. When students put on a uniform, it instantly makes them look neat and tidy and when you see hundreds of peers all in the same uniform, all in one school. It gives the impression that it is a nice, hardworking and a dedicated school. If a school uniform got damaged, you will have the relief of knowing that it’s only a uniform and will most likely get fixed in a hurry but if it was just ordinary casual clothes, you wouldn’t get it fixed anytime soon because you’ll know that there are more clothes waiting to be worn. Just say if there were to be an incident before or after school such like a fight and bystanders witnessed it. There would be less chance of the two offenders facing a punishment because no one can identify who they are and what school they come from. So in conclusion How to cite Should School Uniforms Be Compulsory?, Papers

Strategic Alignment Maturity

Question: Discuss about theStrategic Alignment Maturity. Answer: Introduction: In this study, the demonstration of the path of using the strategic alignment maturity for the enhancement of the organizations capability is present. The strategic alignment maturity is an assessment that is utilized as a structure for demonstrating the evolution of IT-business alignment practices for enabling the achievement of the organization objectives (Rosemann Brocke, 2015). Assessing Strategic Alignment Maturity: Various studies, models and articles are available at present regarding the topic, business-IT alignment. It makes hard for the organizations to choose the appropriate model to be utilized for the business. Implementation of the organizations Alignment for One business strategy needs alignment with the information technology strategies (Luftman et al., 2012). Regarding a corporate, for properly aligning its information technology strategies with the business strategies, particular strategic IT choices and management practices must be considered. It is because the these choices and practices assist in facilitating integration. Organizations can implement information technology business alignment activities for understanding the present IT-business alignment. In addition to that, it can be utilized as a crucial information that can serve as a road map for improvements in every section of the organization (Gerow, Thatcher Grover, 2015). The SAM or strategic alignment maturity can be us ed as a questionnaire tool for conducting analysis. A SAM assessment team can be employed who will make use of the result of the questionnaire to coverage on a complete assessment level of the maturity for the organization. The SAM model consists of six distinct alignment areas. Multiple attributes are associated with each area of the model. The areas are communication, scope architecture governance, partnership, value measurement, and skills (Solar, Sabattin, Parada, 2013)., Communication: Regarding establishing mutual understanding among the business and IT functions, the communication approach of the SAM assessment can be used (Luftman et al., 2012). The aspects of the communication are as following. Inter/intra-organizational learning Mutual understanding of the IT and business environments Liaison breadth/effectiveness Knowledge sharing Communication protocol rigidity Value measurement: While determining the contribution and significant of information technology to the organization, the value measurement can be utilized (Solar, Sabattin, Parada, 2013). The various aspects of the value measurement are as following. Pervasiveness and introduction of coordinated measures Frequency and custom of evaluations/surveys Focus of measurements and procedures to quantify IT's commitment Pervasiveness of administration level understandings Pervasiveness of ceaseless change rehearses Frequency and custom of benchmarking practices The quality of the measurement of the performance of the organization and value of the projects determines the quality of this particular process. After the completion of a project, it is crucial for the organization to determine the aspects that affected the project in terms of good or bad (Rosemann Brocke, 2015). Governance: Through the governance, the organization can make choices regarding selection of IT and prioritizing projects (Gerow, Thatcher Grover, 2015). The aspects of the governance are as following. Reporting level of the CIO Inescapability of business vital arranging with IT inclusion IT budgeting IT investment management Recurrence, convention, and viability of directing boards Inescapability of IT vital arranging with business contribution Structure of the IT association Every organization carries out analysis with a pre-determined strategy. The organization has made sure that the projects that are commenced are course from an considerate of the business approach (Roglinger, Poppelbub, Becker, 2012). It is crucial to recognize the significance and association of the projects to the strategy. Partnership: This implies that how good the information and business technology links with each other (Luftman et al., 2012). The aspects of this area are as following. Part of IT in key business arranging Inescapability of trust and esteem Incorporated sharing of dangers and prizes Reporting level of business support/champion Business view of IT esteem Custom and adequacy of organization projects It is crucial to provide the chance to the information technology in defining the business strategies (Luftman, 2015). Scope Architecture: The scope and architecture in strategic alignment maturity are the strategic choices and management decisions that an enterprise makes at the time of allocating resources to IT-infrastructure (Roglinger, Poppelbub, Becker, 2012). The elements of the area are as following. Inescapability of coordinated benchmarks Inescapability of foundation straightforwardness and adaptability Innovative and key modernity of essential frameworks/applications Inescapability of engineering combination Administration of developing innovations Skills: The skills are associated with the choices that are related to human resource management (Gerow, Thatcher Grover, 2015). The entities are as following. Inescapability of progress status culture Contracting and maintenance Custom of administration style Conclusion: From the above study, it can be concluded that business-IT alignment is a very crucial approach for enhancing the capacity of the organization. The SAM or strategic alignment maturity model is a good approach for assessing the business-IT alignment. The six stages of the maturity model assist the organization to conduct the analysis in a proper stage. References: Gerow, J. E., Thatcher, J. B., Grover, V. (2015). Six types of IT-business strategic alignment: an investigation of the constructs and their measurement.European Journal of Information Systems,24(5), 465-491. Luftman, J. (2015). Strategic alignment maturity. InHandbook on Business Process Management 2(pp. 5-43). Springer Berlin Heidelberg. Luftman, J. N., Ben-Zvi, T., Dwivedi, R., Rigoni, E. H. (2012). IT Governance: An alignment maturity perspective.Business Strategy and Applications in Enterprise IT Governance, 87-101. Roglinger, M., Poppelbub, J., Becker, J. (2012). Maturity models in business process management.Business Process Management Journal,18(2), 328-346. Rosemann, M., vom Brocke, J. (2015). The six core elements of business process management. InHandbook on Business Process Management 1(pp. 105-122). Springer Berlin Heidelberg. Solar, M., Sabattin, J., Parada, V. (2013). A Maturity Model for Assessing the Use of ICT in School Education.Educational Technology Society,16(1), 206-218.

About the Charles-de-Gaulle Airport Terminal Collapse

About the Charles-de-Gaulle Airport Terminal Collapse A huge chunk of Terminal 2E at the Charles-de-Gaulle Airport came crashing down in the early morning of May 23, 2004. The shocking event killed several people at the busiest airport in France, about 15 miles northeast of Paris. When a structure fails on its own accord, the event may be more frightening than a terrorist attack. Why did this structure fail in less than a year after opening? The 450-meter long terminal building is an elliptical tube constructed of concrete rings. French architect Paul Andreu, who also designed the French terminal for the English Channel Tunnel, drew upon principles of tunnel construction for the airport terminal building. Many people praised the futuristic structure at Terminal 2, calling it both beautiful and practical. Since there were no internal roof supports, passengers could move easily through the terminal. Some engineers say that the terminals tunnel shape may have been a factor in the collapse. Buildings with no internal supports must rely entirely on the outer shell. However, investigators quickly pointed out that it is the role of engineers to assure the safety of an architects designs. Leslie Robertson, a chief engineer of the original twin towers at the World Trade Center, told the New York Times that when problems occur, its usually in the interface between architects, engineers, and contractors. Reasons for Collapse The collapse of a 110 foot section killed four people, injured three others, and left a 50 by 30 meter hole in the tubular design. Was the fatal collapse caused by design flaws or oversights in construction? The official investigation report clearly said both. A part of Terminal 2 failed for two reasons: Process Failure: A lack of detailed analysis and inadequate design checking allowed construction of a poorly engineered structure. Structural Engineering Failure: A number of design flaws were not caught during construction, including (1) a lack of redundant supports; (2) poorly placed reinforcing steel; (3) weak outer steel struts; (4) weak concrete support beams; and (5) low resistance to temperature. After the investigation and careful disassembling, the structure was rebuilt with a metal framework built upon the existing foundation. It reopened in the spring of 2008. Lessons Learned How does a collapsed building in one country affect construction in another country? Architects have become increasingly aware that complicated designs using space-age materials require the watchful oversight of many professionals. Architects, engineers, and contractors have to be working from the same game plan and not copies. In other words, writes New York Times reporter Christopher Hawthorne, it is in translating the design from one office to the next that mistakes are amplified and become deadly. The collapse of Terminal 2E was a wake-up call for many firms to use file-sharing software such as BIM. At the time of the disaster in France, a multi-billion dollar construction project was underway in northern Virginia - a new train line from Washington, D.C. to Dulles International Airport. The subway tunnel was designed similarly to Paul Andreus Paris airport. Could the D.C. Metro Silver Line be doomed to disaster? A study prepared for U.S. Senator John Warner of Virginia noted a major difference between the two structures: The subway station, simply put, is a circular tube with air flowing down the middle of it. This hollow tube can be contrasted to Terminal 2E, which was a circular tube with air flowing outside of it. The outer casing of Terminal 2E was subjected to great temperature changes causing the outer steel to expand and contract. The study concluded that a complete design analysis would have predicted all structural deficiencies within the Paris airport. In essence, the collapse of Charles-de-Gaulle Airport Terminal was preventable and unnecessary had oversight been in place. About Architect Paul Andreu French architect Paul Andreu was born July 10, 1938 in Bordeaux. Like many professionals of his generation, Andreu was educated as an engineer at the École Polytechnique and as an architect at the prestigious fine arts Lycà ©e Louis-le-Grand. He has made a career of airport design, beginning with the  Charles-de-Gaulle (CDG) in the 1970s. From 1974 and throughout the 1980s and 1990s, Andreus architecture firm was commissioned to build terminal after terminal for the growing air traffic hub. The extension of Terminal 2E opened in the spring of 2003. For nearly forty years Andreu held commissions from the Aà ©roports de Paris, the operator of Paris airports. He was the Chief Architect for the building of the Charles-de-Gaulle before retiring in 2003. Andreu has been cited as shaping the face of aviation internationally with his high-profile airports in Shanghai, Abu Dhabi, Cairo, Brunei,  Manila, and Jakarta. Since the tragic collapse, he has also been cited as an example of architectural hubris. But Paul Andreu designed buildings other than airports, including the  Guangzhou Gymnasium in China, the Osaka Maritime Museum in Japan, and the Oriental Art Center in Shanghai. His architectural masterpiece may be the titanium and glass National Centre for the Performing Arts in Beijing - still standing, since July 2007. Sources The Architectural Blame Game by Christopher Hawthorne, The New York Times, May 27, 2004 Paris Air Terminal Collapse Report by Christian Horn, Architecture Week, architectureweek.com/2005/0427/news_1-1.html Investigation of Tysons Central 7 Rail Station - Case Study: Terminal 2E Roof Collapse, Prepared for Senator John Warner by Chance Kutac and Zachary Webb, Technical Office of Senator John Warner, November 22, 2006, pp. 9, 15 [PDF at www.ce.utexas.edu/prof/hart/333t/documents/FinalReport2_07.pdf accessed May 24, 2004] propos and architecture, Paul Andreu website, paul-andreu.com/ [accessed November 13, 2017] Paris airport collapse blamed on design by John Lichfield, Independent, February 15, 2005, independent.co.uk/news/world/europe/paris-airport-collapse-blamed-on-design-483590.html Terminal to reopen at Charles de Gaulle Airport in Paris by Nicola Clark, The New York Times, March 28, 2008, nytimes.com/2008/03/28/world/europe/28iht-cdg.html Gordon, Alastair. Naked Airport: A Cultural History of the Worlds Most Revolutionary Structure. University of Chicago Press Pbk. Ed. / edition, University of Chicago Press, June 1, 2008.

Free Essays on Love Versus Money

Love versus money. People meet each other, fall in love with each other and than marry. This chain of events used to be true some time ago. Meanwhile nowadays other possible reason for marriage like money appears. So the dilemma of whether to marry for money or not appears in the life of almost every young person. For me it is absolutely clear that marriage for love is better. First reason for that is psychological and physical health. When people are in love they understand themselves convenient with each other. If person knows that someone cares about misses him/her even after several hours break it makes that person feel himself calm. So, such human being experiences fewer stresses what positively effects as psychological as physical health. Second reason for marriage for love is degradation of personality. It is clear that only people with bad financial situation marry for money. After such marriage is completed that person’s self-esteem probably might be decreasing every day. The attitude of friends and family members can also be changed. Humiliation from the partner is also usual in such cases. In sum all these factors can lead to the degradation of person who marries for money. That is why it is more advantageous to marry for love. The third argument for love marriage is the destiny of future children. It is proven that children’s characters are formed on observation of parents’ behavior. In the family where parents love each other and as a result behave themselves properly according to the commonly accepted standards children usually feel themselves convenient and grow into normally developed personalities. Kids who do not see the love between their parents think that it is normal way of behavior and their further attitude to the opposite sex is different. In conclusion I can say that marriage for love is much better than one for money because it leads physical and psychological health, does not lead to degradation of... Free Essays on Love Versus Money Free Essays on Love Versus Money Love versus money. People meet each other, fall in love with each other and than marry. This chain of events used to be true some time ago. Meanwhile nowadays other possible reason for marriage like money appears. So the dilemma of whether to marry for money or not appears in the life of almost every young person. For me it is absolutely clear that marriage for love is better. First reason for that is psychological and physical health. When people are in love they understand themselves convenient with each other. If person knows that someone cares about misses him/her even after several hours break it makes that person feel himself calm. So, such human being experiences fewer stresses what positively effects as psychological as physical health. Second reason for marriage for love is degradation of personality. It is clear that only people with bad financial situation marry for money. After such marriage is completed that person’s self-esteem probably might be decreasing every day. The attitude of friends and family members can also be changed. Humiliation from the partner is also usual in such cases. In sum all these factors can lead to the degradation of person who marries for money. That is why it is more advantageous to marry for love. The third argument for love marriage is the destiny of future children. It is proven that children’s characters are formed on observation of parents’ behavior. In the family where parents love each other and as a result behave themselves properly according to the commonly accepted standards children usually feel themselves convenient and grow into normally developed personalities. Kids who do not see the love between their parents think that it is normal way of behavior and their further attitude to the opposite sex is different. In conclusion I can say that marriage for love is much better than one for money because it leads physical and psychological health, does not lead to degradation of...

Identify three government market failures and describe their effects Essay

Identify three government market failures and describe their effects. As in past government failures in the world - Essay Example In the end, there is market failure because the market fails to regulate itself to achieve economic efficiency. Market failure results when the government interferes with the market, often for its own good and success, rather than that of the economy. On the contrary, market failure may also happen owing too government inadequacies if it fails to, or insufficiently, intervenes. ‘Passive government failure’ refers to a scenario when government intervention would cause a socially beneficial mix of output. The housing bubble, BP oil spill, and payment of welfare benefits are three past government failures in the world that have had drastic effects on the economy and society. The global financial crisis, typified by the housing bubble is a good example of market failure. The downturn born of the housing bubble was a significant market failure that resulted from underpricing of risk, which a form of market distortion (Bernstein 1). There was an incorrect valuation of opportunity costs and risks. Pricing is a primary building block of capitalism, which demands that correct and important information about a market are provided in a timely manner. People borrowed into high-priced mortgages because of the underpricing of credit. It was either a case of ignorance about the market, because the only way they would pay off the high-priced mortgages is if the prices of houses continued to increase. Unfortunately, the bubble did not continue to inflate, prices plummeted, and many citizens were unable to service their debts. According to Bernstein, the profit motive coerced the actions of the lenders, because it is highly unlikely that they did not foresee such a ma rket failure. It is the duty of government regulatory bodies to enforce regulatory functions to prevent the housing bubble. The Federal Reserve and a myriad of government agencies focused on the

Risk and Quality Management Essay Example | Topics and Well Written Essays - 3000 words

Risk and Quality Management - Essay Example ..†¦13 8.0 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦14 9.0 Introduction By definition and ISO 9000:2005 recognition, quality is the degree to which a set of variables has the ability to meet the required standards. Risk can be simply defined as the possibility of failure. The Risk management is the continuous process of identifying, prioritizing and eliminating potential sources of failure to reach preset objectives. Operational risks that risk managers seek to minimize eliminate or control is enterprise risk, project risks and process risks. (Perkins, 2011) Literature Review; project and quality management Project management processes and quality management processes are correlated. ... Quality management comes in to ensure that the project management process is successful. In quality management, the value of output against the set standard is key. Time taken to deliver the output is kept in mind when quality management is done. The two processes, therefore, marry and work as one in the realization on organizational goals. (Greenberg, 2012) Tools and strategies used In total quality management, some common tools are used. These tools are grouped into categories. The categories alongside their tools include the following basics. Quality tools such as histograms, Pareto charts, fish bone, flow chart, scatter diagrams, control charts and check points. These are used to explain the relationships between two decision variables. In project planning and implementation, they are used to determine which project to invest in. the determining factors are the cash inflows and outflows and the gestation periods of the project. (Wiley, 2006 p 72) The use of histograms diagrammati cally shows the comparison of cash flows and benefits of projects. In risk and quality management, they are useful since they allow the representation of large volumes of data. From a glance, one can tell the frequency and variation of the represented data. In this case, the project planners can tell the future trend of their venture. The data values that are to be measured is collected and tabularize. The minimum values per item, say, output per hour of product A to G is 100. Statistical values on each variable are made. These are the mean, standard deviation, minimum, maximum, skewness, kurtosis, class width and number of classes. These statistics are used to compare the

Problems in Education Research Paper Example | Topics and Well Written Essays - 3000 words

Problems in Education - Research Paper Example Statement of the Problem The problem in the United States is that students studying mathematics are far behind those of most other industrialized nations, there are only a few which are the same or worse off than the United States. Thus, the United States has to find a way to improve its overall scores. And back in 1998, the Clinton administration earmarked an additional $25 million over the 1998 U.S. budget to help schools integrate technology into the curriculum and for technology training for teachers. (Chaika, 2006) This allowed for the United States to start the process of possibly catching up to other world powers when it comes to the education of students in the core subjects. Purpose of the Study The purpose of the research for this study is to show that technology can positively affect the learning process of 8th graders in a Tennessee middle school. Furthermore, this study will show whether or not the use of whiteboards improved the scores of the students from the initial p re-test to the post test taken at the end of the observational study. Importance of the Study Since the Clinton administration set aside $25 million back in 1998 to help teachers and school districts across the United States to improve their scores through the use of today’s modern technology. Integrating the technology into the everyday routine for use by a teacher and a student was the Clinton administration’s key to their Education Reform in 1998. The importance of the study will show just how the technology affects the learning through student interaction and through testing of their skills before and after the use of whiteboards are implemented into the classroom. Definition of Terms whiteboard: technological board which can show... The problem statement for this study is that students in the United States studying mathematics are far behind those of most other industrialized nations, there are only a few which are the same or worse off than the United States. Thus, the United States has to find a way to improve its overall scores. And back in 1998, the Clinton administration earmarked an additional $25 million over the 1998 U.S. budget to help schools integrate technology into the curriculum and for technology training for teachers. This allowed for the United States to start the process of possibly catching up to other world powers when it comes to the education of students in the core subjects. Since the Clinton administration set aside $25 million back in 1998 to help teachers and school districts across the United States to improve their scores through the use of today’s modern technology. Integrating the technology into the everyday routine for use by a teacher and a student was the Clinton administ ration’s key to their Education Reform in 1998. The importance of the study will show just how the technology affects the learning through student interaction and through testing of their skills before and after the use of whiteboards are implemented into the classroom. There are multiple procedures used in this research study. This study takes a sample size of 130 students from one particular teacher’s Eighth Grade Mathematics classes within a Tennessee middle school as they use whiteboards for their studies and class interaction. The observational study will collect data from the initial pretest and the concluding posttest. Once the data is collected, it will be analyzed.

Comparing Disclosure Based Regulation And Merit Based Regulation Finance Essay

Comparing Disclosure Based Regulation And Merit Based Regulation Finance Essay There are tw0 basic models of regulatory system which is the supervision framework for securities market which is a merit based regulation and disclosure based regulation. These regulation systems are important to provide adequate investor protection and regulate business practices or codes of conduct that reduces systemic risks. There are several countries which have adopted the disclosure based regulation which are Malaysia, Hong Kong and Singapore. The countries which are still following the merit based systems are China and Philippines but to certain extend.  [1]   MBR The recognition of the need for a securities regulator to ensure investor protection and market integrity is located in the Securities Commission Act 1993 (SCA), under which the Securities Commission (SC) is established. Section 15(1) of the SCA requires the SC to, which control all matters relating to securities and to take all reasonable measures to preserve the confidence of investors in the securities market by ensuring sufficient security for such investors. The principal thrust of the regulatory framework currently applied by the SC is merit-based. Section 32(4) of the Securities Commission Act 1993 (SCA), give power that all proposals that involve issues or offers of securities to the public be subjected to the SCs prior approval. The SC has the discretion to approve the proposals with such revisions and subject to such terms and conditions as it deems fit. The SC also has the power to reject corporate proposals if it is reasonably satisfied that these proposals are not in the best interest of the public company and/or the investing public  [2]  . Authorities regulate securities offering Under the MBR, The authorities regulate the securities offering by protecting and shielding the investor by ensuring that the offering of the securities of the companys is judged by the authorities to be fair, just and equitable. Under this approach, the regulators or the authorities would make an assessment regarding the companys viability, quality and capabilities of the companys management, its suitability for listing and taking regard of the public interest before approving any issuance proposal regarding the companys securities.  [3]  For example, section 34(4) of the SCA, issues or offers of securities is subjected to the approval from the SC. Issuers and advisers disclose to authorities Under the MBR model, the issuers and advisers disclosed all information regarding the companys business to the authorities or the market regulators. These are because under this type of model, the market regulator needs to approve first the securities before the investor can be allowed to invest in the companys. This is for the purpose to protect the investor. Authorities reviews investment merits of offering Regulators review each transaction according to its perceived merits. The evaluation is completed in two stages which is firstly, adequacy of disclosure is assessed then, and the merits of the transaction are subjected to value judgment. Merit-based regulation assumes that the market regulators are better informed than investors and can better decide the merits of transactions on their behalf.  [4]  These merit judgment is the indication whether the companys can provide safe securities in making business in order to protect the investment made by the investor. Advantages of MBR Model In merit based regulation, it is a paternalistic attempt to improve or to develop the fairness between the relationship between the sellers and buyers of the securities in the capital market. These models also act as a shield to protect the public investors from the risks involved in acting on impulse. This is because the authorities had made deep valuation and merits regarding the companys business in order to approve the securities issued by the companys. This model or regulatory system is particularly suitable to be adopted for Malaysias emerging capital market which has a large proportion of financially unsophisticated retail investors. This is also reduce or minimizing the possibility of promoters of public companies exploiting these less sophicated investors to use as to their own advantages. In the securities market, the Securities Commission is also able to ensure that mechanism in place is working well in order to prevent unscrupulous and unethical practices in the issue or offer of the securities by the companies. By ensuing that the mechanism place is working, the investor would have minimized the risk of losing their investment by the unscrupulous and unethical practices of some companys who would provide false or inadequate information regarding their business. But, the ultimate decision still lies within the investor. This is because the decision and the evaluation of the security offered lies with the investing public. The securities commission will not give a guarantee that the investment made by the investor would get a return or profit.  [5]   The SC has the power to check and ensure that the securities that are offered by the issuers are fairly and reasonably priced. Disadvantages of MBR Model This is regards to the public interest where the public investor would make their decision in investing their money in the companys based on the SC. The approach of MBR posed a problem of moral hazard. This is because when the market regulators or the SC gives their approval of the merits of a particular company, it exist danger that investors will perceive that the corporation will be a good investment as the SC had given their approval after making some merits regarding the business of the companys. This would lead to an impression whereby the investor did not need to individually evaluate the merits or risk of investing in that company. The investor would totally leave it to the market regulator to make the research. By using these models, the regulatory approach of MBR restricts entrepreneurs and investors choice in making decision in choosing the right company to invest by limiting the scope of investment that is offered to them. This is because only SC will give and provide the necessary approval in order to make the issued security to be approved. If the companys does not comply the guideline given and the SC does not approve the issue offered, thus limiting the option available to the investor in investing their money. This approach also denies certain ventures of access to public funds unless the issuer of securities agrees to modify their offering according to the pre-requisite set by the SC. The issue that always arises is that the SC and the issuers of securities tend to have conflicting views as to how and the extent to which a proposed venture or transaction will be beneficial to investor in general. The SC is also known to be more conservative in its judgment and normally will not approve highly risky securities to be offered to the public. The merit based regulation also provided that by giving much protection to the investor, this will take the bargaining power from the securities offeror or issuers and the power will be switch to the investor instead. The protection is significant because the issuers of the securities need to raise funds at a substantial discount from the actual price of their securities. From this Market philosophy, this over-protection of the investing public had compelled issuers to raise funds at a substantial discount from the actual value of their securities or add to the perception of initial investors that they would be guaranteed a premium when the corporate body is launched onto the marketplace. Basic principle of DBR The basic principle of DBR is the need for the issuers and intermediaries offering securities to provide investors with sufficient, accurate and timely disclosure of all relevant information regarding the companys business, prospects, finances and the terms of the securities in order to allow investors to better evaluate the risks and merits of their investment.  [6]  This is to allow the investor to make they own informed investment decisions. Usually is done through the use of prospectus which focuses whether the companies comply with the standard of disclosure required. For example, in Malaysia, the companies that is listed in Bursa Malaysia, one of the listing requirements of the standard disclosure is to have at least two annual reports that can be inspect by the investors in order to make their decision to invest. The investor are expected to carry out their own due diligence or with the assistance of expert or professional such as lawyers and accountant because the investo r hold a higher level of responsibilities in evaluating the risk or particular offering based on the disclosed information before investing.  [7]   Authorities regulate disclosure of information in securities offering Under DBR, the regulation of the disclosure or the standard of the disclosure in securities offering is on the authorities where the authorities will provide the guidelines for the company in disclosing the relevant information pertaining the companys business, finances, prospects and terms of securities. The burden is put on the issuers of the securities and advisers and not on the authorities. Issuers and adviser disclosed to investor Under the model Of DBR, the issuers of the securities will provide sufficient information according to the Securities Commission Guidelines regarding the disclosure of information regarding their business. The advisers which are normally experts or professionals such as accountants, lawyers and other technical experts need to have play their role in the preparation of prospectus for the investing public. These are because each of these adviser or experts can be held liable for a defective prospectus under the DBR. The due diligence process is for the purposes of preparing good and complete prospectus and involves performing reasonable investigate work in order to determine that the prospectus does not contain any material omission or false information. Financial advisers and experts in particular are expected to have a very high standard of reasonable care. An adviser has an obligation to make a reasonable investigation not just for the purpose of its own due diligence defence but al so as a duty to the investing public who will be relying on the opinion and recommendations of the advisers. In order to minimize their potential risk, the expert of professionals must make due diligence enquiries.  [8]   Investors determine investment merits of offering In the DBR System, the investor cannot expect that the securities regulator to protect them forever. In order to invest, the investor cannot invest blindly. The investor must make their own research and collect data and information regarding the companys business. Investors have to evaluate and assess the merits of any security being issued or offered before making any investment decision It would become more apparent that investors would have to change their laid-back attitude. They can no longer take for granted that securities being issued or offered have already passed the regulators investment merit review. Instead, the information necessary for the investors themselves to evaluate the investment merit of a security will be available. Investors must also take a more active interest in the companies they invest in emphasis should always be placed on fundamentals and long-term performance rather than short-term profit. Investors should be concerned about ensuring that their rights and interests as shareholders are protected, and that greater transparency and accountability are shown by the directors or principal officers of the companies concerned. Ultimately the effectiveness of the disclosure regime to be adopted in Malaysia will depend on investors themselves. They must also rise to the occasion by paying closer attention to the affairs of the corporations in wh ich they invest. Under a disclosure-based regulation, investment analysts and financial journalists would have access to more relevant information to enable them to make more detailed analysis, research and assessment of each security issue or offering and can conclude at a better finding and recommendation. This is of particular importance in Malaysia in view of the large proportion of retail investors, some of whom lack the technical expertise and or the time needed to evaluate the web of information disclosed by issuers of securities. These investors may need to rely on the analysis disseminated by the investment analysts and financial journalists to make better informed investment decisions.  [9]   Advantages of DBR There are several advantages of the DBR regulatory model system. Basically, this would result in a more transparent and informed market whereby companies have to improve their quality of disclosure to facilitate potential decision making by potential investors. By upgrading the quality, the investors have more choice and more information pertaining the business and the finances of the companies before making any investment in the companies. Investor must know and get the information given by the issuer of securities to because the investor will hold the burden of all the responsibility towards their investment decision. One of the major advantages of DBR, the companies can raise more funds at a lower or cheaper cost. This is because it is based on the assumption that the higher level of transparency will lead to a greater evaluation risk by underwriters which would then contribute to a lesser cost in raising the fund which give the issuers companies the power to price it assets at a higher premium rates.  [10]   Another advantage under the DBR is where the role of the regulator is to ensure that the structure of the market is consistent and efficient for the market In order for the investor to make a decision. The regulators will ensure that the information given by the companies are disclosed so that the investor will become the judge in making judgment of the merits of alternative investment, so that the regulator would only emphasis on disclosure and eradication of fraud.  [11]   According to analysis, by shifting towards the disclosure based regulation, the benefit that the securities market will enjoy is that the increased of efficiency of the Malaysian capital market by removing the barriers to competitiveness which is present in the old merit regulatory system.  [12]   A higher standard of disclosure by the companies is ensuring by the regulatory bodies. This is because the companies are expected to follow the guidelines of disclosure of the information according to the SC. This would give more chance to the investor in making their own research of the accountability of the companies before making any investment. The Ground for the shift of regulatory model from MBR to DBR The Securities Commission continues to play an important role in providing direction on broad policy matters and in enforcing the securities laws and regulations. Its role is to ensure that the incentives and structure of the market are consistent with efficiency, fairness and stability. The table below shows the ground for the shift to DBR regulatory system. Three Tenets of DBR Disclosure The responsibility of directors of public companies is to ensure that all material information required by the public to make investment decisions is provided accurately, in full and on a timely basis. In disclosing such information, the question that is need to be asked is whether Has any important piece of information been omitted? Is any part of the information misleading? Is the information complete and accurate? Investors rely on available information when deciding where and when they should invest their money. There is a need for information when new securities are offered in the primary market. There is also a need for information when dealing in securities already traded in the secondary market. Disclosure of information therefore benefits investors by facilitating them to make investment decisions. Companies intending to offer securities to the public are required to fully disclose information about the affairs of the companies and the securities which are being offered, in the offering documents or prospectuses. For a public listed company, disclosure obligations are stipulated in the Listing Rules of the stock exchanges. Due Diligence In preparing the information to be disclosed to the public, directors of public companies must undertake a due diligence exercise to verify and ensure that the information to be released is accurate and timely. Due diligence is a process by which inquiries are conducted to ensure that information to be disclosed is true, sufficient and timely. Due care must also be given to ensure that there is no omission of material information. Material information is information which would reasonably be expected by rational investors to facilitate their investment decisions. Information that can affect the trading activities and prices of the companys securities must be released immediately. The onus then lies with the investor to consider and weigh the information provided before making decisions. Following amendments to the Securities Commission Act 1993 (SCA) in 1995, which placed a higher standard of responsibility on promoters, directors, and advisers in respect of disclosures, the Securities Commission released a publication on Due Diligence Practices in August 1996. The publication is intended to explain the importance of due diligence, especially given the criminal liabilities imposed on persons responsible for submission of proposals to the Securities Commission under section 32 of the SCA. In March 1999, another publication on Due Diligence Guidelines on Submission of Proposals to the Securities Commission was published. It was jointly issued by the Association of Merchant Banks in Malaysia, Federation of Public Listed Companies, MIA, MACPA and MAICSA. The publication, in detailing the due diligence process, the question whether 1) Who will be held responsible for conducting the due diligence? 2) Who should be included in a Due Diligence Working Group(DDWG)? 3) What should the terms of reference and role of the DDWG be? 4) What is the methodology used in conducting the due diligence exercise? The publication also includes a due diligence checklist for an initial public offering and sets out clearly the roles and responsibilities of the various parties involved in the exercise. Corporate Governance The timely, accurate and transparent disclosure of material information is an integral component of ensuring good corporate governance. Boards of directors of companies need to be open about the businesses they direct and this includes transparency in corporate activities and transactions. This is essential so that shareholders can exercise their rights constructively. However, they can only do so if they are provided the relevant information. Apart from compliance with laws and regulations that constitutes one aspect of ensuring that directors perform their fiduciary duties properly, there are also codes of best practices which the directors are expected to observe. Among the codes to be observed are The Malaysian Code on Corporate Governance, issued by the Finance Committee on Corporate Governance and The Company Directors Code of Ethics issued by the Registry of Companies.  [13]   Time Frame for Shift to DBR The shift to DBR takes effect over a period of five years under three phases, beginning in 1996, with full DBR expected to be achieved by the year 2001. An outline of the time frame and focus of the shift is set out below: Table 2: Time Frame for Shift from MBR to DBR

Living in a Multicultural Society Essay example -- social issues, mult

The class activity was simple: draw a self-portrait. As Ms. Caldera began to look through her students' work, one stood out to her. The drawing was of a young fair-skinned, blond-hair, and blue-eyed girl. Normally this would not be a problem, but in this case it was. The girl who had drawn herself was actually quite the opposite: rich dark skin, brown hair, and brown eyes (Caldera). Considering that the United States is such a large melting pot of cultures, it is normal for children to have difficulty balancing between two cultures. Culture, is really important for a child's development because it ultimately influences their morals and values. Although it is difficult for children to balance the traditions and such of two cultures, they are recompensed with a greater knowledge about the world, and understanding of people. Culture is very important when it comes to shaping a person's beliefs and what they stand for, it will basically determine many of their decisions. In specific, children form their behaviors based on their culture, which leads to different customs and beliefs because of the variety of cultures. Different cultures express different character traits in a person; this can lead to the development and prevalence of a child (Culture). Although the United States consists of a shared core culture, it also consists of many other minor cultures; because of this there are many different characteristics, values, and norms that might be interpreted differently by other cultures. Consequently, this can cause cultural misunderstandings, conflict, and discrimination which also leads to an imbalance for children because they do not know what is acceptable in certain cultures. Banks acknowledges that â€Å"Multicultural educ... ... Banks, James and Cherry Banks. Multicultural Education. John Wiley and Sons Inc, 2004. Print Caldera, Araceli. Personal Interview. English Language Program Facilitator. 14 June 2015. â€Å"Constructing Race.† Signs of Life in the USA. 2009 ed. Print. â€Å"Culture.† Encyclopedia on Early Childhood Development. 2012 ed. Web. 10 June 2015. Davidman, Leonard and Patricia T. Davidman. Teaching with a Multicultural Perspective. New York: Longman, 1997. Print. Grosjean, Francois. â€Å"Advantages of Being Bicultural.† Psychology Today. 19 Apr. 2013. Print. McCarthy, Steve. â€Å"Understanding Bilingualism: What it Means to Be Bicultural.† Childreaserch.net. 2 Jan. 2010. Web. 8 June 2015. Parrish, Patrick, and Jennifer A. Linder-VanBerschot. â€Å"Addressing the Challenges of MulticulturalInstruction.† Cultural Dimensions of Learning 11.2 (2010): 10 pgs. Web. 8 June 2015.

General Banking Perspectives: Dhaka Bank Ltd

1. Introduction Commercial Bank implies that banks devote most of their resources to meeting the financial needs of business firms. This institution offers the public both deposit and credit services as well as a growing list of newer and more innovating services, such as investment advice, security underwriting, and financial planning. In recent years financial institutions have diversified themselves to satisfy consumers and units of government around the world.The result is the emergence of a financial institution that has been called a financial department store because it satisfies the broadest range of financial services needs in the global economy. The importance to commercial banks may be measured in a number of ways. Banks are still the principal means of making payments, through the checking accounts, credit cards, and electronic funds transfer services they offer. Banks are important because of their ability to create money from excess reserves made available from the publ ic's deposits.The banking system can take a given volume of excess cash reserves and, by making loans and investment, generate a multiple amount of credit. Bangladesh is developing country. After liberalization, we achieve a poor economic growth in last three decades. This is because of number of micro and macro factors as density of people. Bangladesh is a place where we see lack of proper education and poor political stability. Political instability is the major factor in Bangladesh that makes a vital hazard to achieve the economic growth.All of above, banking industry brings a little bit hope that can be a better flavor to accelerate the economic growth in our country. This is the only sector (especially private banking) that getting a continuous develops from last two decades. One of the aims of this study involves the focus on ‘The General Banking Practice of Dhaka Bank Ltd, Halishahar Branch’. Another aim of this paper is to point out how management of the bank ca n perform better and provide better service to the clients. 2. Methodology Different data and information are required to meet the goal of this report.Those data and information were collected from various sources, such as, primary and secondary which is showed below: Primary data were collected from: ? Face to face conversations with the employees at various fields. ? Personal interviewing and interacting customers. ? Observing various organizational procedures. ? Customer’s response from questions. Secondary data were collected from: ? Internet and Annual report of Dhaka Bank Limited. ? Progress report/ Statement affairs and Bank Rate sheet of the Bank. ? Several kinds of Academic test-book and training sheet. Different publications regarding banking functions and foreign-exchange operation. ? Prior research report on this Bank. 3. Scope The scope of the research covers the General Banking practices of Dhaka Bank Limited. The report focuses on the general banking practices in general, how it is implemented in Dhaka Bank Limited. 4. Limitation of the study The present study was not out of limitations. From the beginning to end, the study has been completed sincerely and carefully. But some problem arises from conducting the study.During the study it was not possible to visit the whole area covered by the banks although the financial statements and other information regarding the study have been covered. Some limitation are given stated below- 1. The main constraint of the study is insufficiency of information, which was required for the study. There are various information that the bank employee can't provide due to security and other corporate obligations. 2. Due to time limitations many of the aspects could not be discussed in the present report. 3.Every organization has their own secrecy that is not revealed to others. While collecting data through interviewing the employees, they did not disclose much information for the sake of the confidentiality of the organization. 5. Background of Dhaka Bank: Dhaka Bank Limited is one of the premier and top ranked private banks in Bangladesh. The bank was established in the year 1995 as some veteran and well established businessmen grouped together and worked sincerely to establish this bank. The bank was incorporated as a public limited company under the companies act 1994.The founder of the bank was Mr. Mirza Abbas Uddin Ahmed who was also the former advisor of the bank. The Head Office of the bank is located at Biman Bhaban 1st floor, 100 Motijheel C/A, Dhaka 1000, Bangladesh. The bank started its very first journey on July 5th 1995 with an authorized capital of Tk. 1000 million and a paid up capital of Tk. 100 million. Since the inception of the bank the bank made phenomenal growth in terms of operation, business and goodwill. As of March 31st 2010 the bank’s paid up capital stood at Tk. ,659,597,800 and the total equity (capital and reserves) stood up at Tk. 6,036,368,754. Th e bank currently has 62 fully operational branches all over the country, 3 SME Service Centers, 6 CMS Units, 2 Offshore Units, and one CPZ (central processing office) which is situated in BGMEA building Karwan Bazar , Dhaka Bangladesh As an integral part of their commitment to Excellence in Banking, Dhaka Bank now offers the full range of real-time online banking service through its all branches, ATMs and Internet Banking Channels.Dhaka Bank Ltd is the preferred choice in banking for friendly and personalized services, cutting edge technology, tailored solutions for business need, global reach in trade and commerce and high yield on investments. 5. 1. The Mission of Dhaka Bank Limited- To be the premier financial institution in the country providing high quality products and services backed by latest technology and a highly motivated team of personnel to deliver Excellence In Banking. 5. 2. The Vision of Dhaka Bank Limited- At Dhaka Bank, we draw our inspiration from the distant sta rs.Our team is committed to assure a standard that makes every banking transaction a pleasurable experience. Our endeavour is to offer you razor sharp sparkle through accuracy , reliability , timely delivery , cutting edge technology and tailored solution for business needs, global reach in trade and commerce and high yield on your investment . 5. 3 The Goal of Dhaka Bank Limited- Our people, products and processes are aligned to meet the demand of our discerning customers. Our goal is to achieve a distinction like the luminaries in the sky.Our Dhaka Objective is to deliver a quality that demonstrates a true reflection of our vision – Excellence in Banking. 6 General Banking General banking creates a vital link between customers and bank. It’s really a classic as crucial department for the bank. It is the introductory department of the bank to its customers. The Dhaka Bank Ltd, Halishahar branch has all the required sections of general banking. Every day it receives de posits from customers and meets their demands for cash by honoring instruments. General banking department is that department which is mostly exposed to the maximum number of bank customer. . 1 Different Departments of General Banking It has five major parts in the branch to perform. The sections are: i. Account opening section ii. Cheque clearing iii. Cash iv. Remittance v. Accounts section 6. 2 Different Types of Customers/ Account Holder: Any one can open an account in Dhaka Bank Ltd. if he is capable of entering a valid contract and a banker is satisfied his confide and willing to inter into the necessary business relation with him. So any one of the following types of customers can open account:- i. Individual ( personal ) ii. Joint iii. Proprietorship ( sole traders / registered or unregistered ) v. Joint stock companies ( private/ public ltd. companies) 6. 3 Account Opening and Dispatch Department: Account opening is the gateway to the bank. The relationship between a banker and its customer begins with the opening of an account by the customer. For this, account opening is considered the most important function of a commercial bank. All banks generally maintain a separate department to open accounts. The function of accounts opening department can be classified into the following three categories: 1. Supplying various accounts related information to the customers. 2. Opening of account and . Issuing cheque books and ATM Card. Supplying various accounts related information to the customers: When a customer comes to open an account with a bank, s/he needs to be informed about various information relating to account opening. Account opening department enthusiastically provides necessary information to the customer. Following information is supplied to the customer depending on their requirements: †¢ Type of accounts maintained by the bank †¢ Requirements/Necessary formalities for opening each type of accounts †¢ Eligibility to open an accou nt etc. Types of accounts maintained by DBLAccounts based on operations as under: †¢ Current Account (CD A/C) †¢ Short Term Deposit Account (STD A/C) †¢ Savings Bank Account (SB A/C) †¢ Fixed Deposit Receipt Account (FDR A/C) Accounts based on Nature of Customers as under: †¢ Single/Individual Account †¢ Joint individual Account †¢ Sole Trader/ Proprietorship Account †¢ Partnership Account †¢ Company Account etc. Savings accounts are opened for single/individual and joint individual customer. Business organizations/enterprises are not allowed to open savings account. 6. 4 Requirements/Necessary formalities for opening each type of accounts: ? Single/Individual Savings Bank Accounts: Introduction of customer (Must be either by an account holder (SB/CD A/C) or an employee of the bank. †¢ Photographs-Two copies (attested by the Introducer) †¢ Photocopy of valid passport/Citizenship Certificate from Chairman or Ward commissioner/Cer tificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular ? Joint Individual Account: No additional requirements/formalities other than the Single/Individual Savings Bank Accounts. ? Single Individual/Joint Individual CD A/C Requirements/Formalities as like as SB A/C, except here introducer must be a CD A/C holder of the bank. Proprietorship CD A/C †¢ Introduction of the customer (Must be by a CD A/C account holder or an employee of the bank. †¢ Photographs- (Two Copies) of the proprietor. †¢ Valid Trade License. †¢ Company Seal. †¢ Photocopy of valid passport of the proprietor/Citizenship/ Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular †¢ Signature on KYC form ? Partnership CD A/C †¢ Introduction of the partners (Must be by a CD A/C account holder or an employee of the bank. Photographs- (Two Copies) of every partner. †¢ Valid Trade License. †¢ Seal. †¢ Date of incorporation. †¢ Photocopy of valid passport of the proprietor/Citizenship Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. †¢ Partnership Letter. Add: †¢ Transaction Profile †¢ Each partner’s Signature on Money laundering Circular †¢ Each partner’s Signature on KYC form ? Limited Company A/C †¢ Introduction (Must be by a CD A/C account holder or an employee of the bank †¢ Photographs- (Two Copies) †¢ Valid Trade License Company Seal †¢ Resolution of the Company on company’s letterhead †¢ Certified and attested copy (attested by MD or Chairman) of Memorandum of Association and Articles of Association †¢ Certified and attested copy of Certificate of incorporation †¢ List of Directors †¢ Photocopy of valid passport/Citizensh ip Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Annexure E: Identification of Directors and Authorized Signatories †¢ Annexure D: Director’s Signature on KYC form †¢ Transaction Profile 6. Eligibility to open an account: Anyone capable of entering into a valid contract can open an account with the bank. A minor can also open an account under guardianship or alone if s/he is at least 12 years old. But a minor is not allowed to open a current account. Lunatic, Insolvent person/Drunker/Liquidator/Any other individual or organization by law cannot open an account with bank. 6. 6 Accounts Opening of Customers with the Bank Opening of an account involves certain formalities, which varies according to different types of accounts as well as various categories of customers.The bank supplies following printed forms during opening an account of a customer: o Account opening Form o Specimen Signat ure Card o Deposit Slip o Cheque Book Requisition Slip o KYC Profile Form o Transaction Profile Form Customers are requested to read all the instructions carefully and then fill up the forms properly. Account opening officer must have to check all the forms or documents i. e. whether the customer duly signs them where necessary as well as introducer must introduce the customer by putting signature in the space provided on the account opening form.After completion of all the formalities by the customer, Dhaka bank officials have to perform the following functions chronologically: |Scrutinizing account opening form and Specimen signature card | |Getting the approval of accounts by authorized officer | |Putting account number on the form | |Putting entry in the account opening register | |Posting all the account information in the computer | Issuing a cheque book | |Maintaining all relevant papers/documents in separate file in the name of the | |every account holder | |Sending the sp ecimen signature card to the cash department | |Sending a thanks giving letter to the New account opener’s address | |Maintaining all relevant papers/documents in separate file in the name of the every | |account holder | 6. 7 Issuing of a Cheque BookA cheque book is issued to the customer at the time of the account opening or may by issued after 2-3 days from account opening. And additional cheque book is issued at the request of the customer according to his/her necessity. Followings are the formalities during issuing a cheque book: Getting the cheque book requisition slip signed by the account holder By verifying the signature, issuing the cheque book Writing down the account number on each leaf of the cheque book Making entry to the cheque issue register Supplying the cheque book to the account holder after getting proper acknowledgement from the account holderInland Remittance Department Remittance Department: This department deals with transfer of money from one place to another place. Remittance can be classified as inland remittance and foreign remittance; however, remittance department mainly deals with inland remittance rather than foreign remittance. Instruments used for inland remittance as under: o Pay Order (P. O) o Demand Draft (DD) o Telegraphic Transfer (TT) Pay Order: A Pay Order is a written order on a specific instrument i. e. generally called â€Å"Block† issued by a bank to pay a certain sum of money to specific person, Organization or a bank.It is called banker’s cheque, as it is issued by a bank as well as drawn upon on a bank. Issuance of Pay Order: issuance of pay order involves following steps: ? Upon requests of customer, bank supplies prescribed application form ? Applicant has to provide detailed particulars of him/herself as well as beneficiary or receiver of the Pay Order ? Total amount of the P. O must be written both in words and in figures in the space provided ? Credit vouchers are prepared; one for com mission and another for VAT ? Now customer is requested to deposit the P.O amount along with VAT and Commission charges to the cash department ? Cash department releases the application form with authorized signature and cash received seal ? Now Pay Order is written on block which has three parts: First part is retained by the issuing bank, Second part is for customer and Third part is for the beneficiary of the Pay Order ? In this stage all the information is entered into the P. O register Payment or Encashment of Pay Order: Issuing bank makes payment of Pay Order upon presentation through clearing house. When the P.O does not consist of discrepancies, necessarily the proceeds of Pay Order is credited to the account of payee/beneficiary. However, before making payment of P. O, the signature of issuing officer is verified and date of payment is recorded in the Pay Order issue register. Demand Draft A Demand Draft, which is traditionally called DD. A DD is a written order on a specif ic instrument of one branch of a bank upon another branch of the same bank to pay a certain sum of money to or to the order of a specified person or of a specified organization. In practice DD is not issued between two branches within the same city.Issuance of Demand Draft: Issuance of DD involves following steps: ? Customer is asked to fill up a form in specific form provided by bank which is also treated as a voucher ? Commission and Charges are also mentioned in the form ? Two credit vouchers; one for commission and another for VAT is stapled with the form ? Customer pays cash in the cash department with relevant vouchers ? Cash dept. receives cash and delivers vouchers after completing necessary formalities ? Now DD is prepared in a block Branch-wise serial number is given on the draft ? The draft number is written on the voucher ? Draft block and voucher along with the register are sent to the officer in charge for checking and then sent to manager/Second in charge of the branc h for authorization ? The draft may be crossed if customer desires and finally delivered to him/her against initial or acknowledgement on the voucher Payment of Demand Draft: After receiving the DD, the drawer branch checks the date, amount both in words and figures and signature. In case of Test DD, Test number must be reconciled before payment.And then DD is cancelled and payment date is noted in the register. If the DD is crossed, the payment is made through clearing house. Telegraphic Transfer In case of Telegraphic Transfer, which in brief is called TT, an applicant has to fill up prescribed form supplied by bank to inform all the particulars about the sender as well as the receiver/beneficiary of the TT. Besides, following points should be checked in this regard: ? Full name of the beneficiary and his account number if the instruction here is â€Å"credit to beneficiary’s account†, or full address if instruction is there to advise & pay ?Commission and Telegram c harge are recovered from customer ? A cost memo has to prepare for customer in this regard; containing the amount of TT, commission and Telegram charges ? Customer has to deposit cash in the cash department along with voucher and application ? Remittance depart finally checks all the particulars viz. name of the beneficiary, account number of the beneficiary, name of the bank, name of the branch and mode of payment etc. ? Each and every TT must be Tested whatever the amount of TT ?Authorized officer then send the TT message through Telex/Telephone ? The issuing branch also sends a TT confirmation advice to the drawer branch and one copy is retained by the branch Payment of Telegraphic Transfer (TT): The payment of TT is paid only when TT test numbers reconcile. TT receiving branch maintains TT message receiving memo. On agreement of Test, the serial number of TT is entered in the TT payable register. The issuing branch informs if any number is mismatched or omitted. Two vouchers are prepared in this regard as under:DBL General A/C†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦****** Branch———-Dr. Bills Payable A/C†¦Ã¢â‚¬ ¦.. (TT payable)————-Cr. The TT amount is then credited to the beneficiary’s account if the beneficiary/receiver of the TT is an account holder of the branch; otherwise a Pay Order is issued if the beneficiary/receiver of TT is an account holder of another bank. 6. 8 Clearing Section: According to the Article 37(2) of Bangladesh Bank Order, 1972, the banks, which are the member of the clearinghouse, are called as Scheduled Banks. The scheduled banks clear the cheque drawn upon one another through the clearinghouse.This is an arrangement by the central bank where everyday the representative of the member banks gathers to clear the cheque. Banks for credit of the proceeds to the customers’ accounts accept Cheque and other similar instruments. The bank receives many such instruments during the day from ac count holders. Many of these instruments are drawn payable at other banks. If they were to be presented at the drawer banks to collect the proceeds, it would be necessary to employ many messengers for the purpose. Similarly, there would be many cheque drawn on this the messengers of other banks would present bank and them at the counter.The whole process of collection and payment would involve considerable labor, delay, risk and expenditure. All the labor, Risk, delay and expenditure are substantially reduced, by the representatives of all the banks meeting at a specified time, for exchanging the instruments and arriving at the net position regarding receipt or payment. The place where the banks meet and settle their dues is called the Clearinghouse. Activities of the Section: (a) Preparation of Clearing Outward and Inward Lodgment and record maintenance of the same. (b) Batch posting as and when required. On receipt of instruments, the same is endorsed here.Then clearing section wi ll sent IBDA to head Office for clearing purpose and on receipt of IBCA from Head Office amount is credited to customers account and vice versa. If the instrument is return then the same is given back to the customer. 6. 9 Collection Section: Checks, drafts etc. are drown on bank located outside clearing house are sent for collection. Motijheel Branch collects its client’s above-mentioned instruments from other branches of DBL and branches other than DBL. In case of out ward bills for collection customers account is credited after finishing the collection processor.And in case of in ward bills customers account is debited for this purpose. So it places dual role as follows: i) Collecting Banker ii) Paying Banker. Activities of the Section: Collection is done when (i) Paying Bank is located out side Dhaka City. (ii) Paying Bank is other branches of DBL situated inside Dhaka City. i) Paying Bank is outside Dhaka City: Collection department of Motijheel Branch (Principal Branch) , DBL sends outward bills for collection (OBC) to the concerned paying bank to get inter Bank Credit Advice (IBCA) from paying Bank.If the paying bank dishonors the instrument, the same is returned to principal Branch. ii) The Paying Bank of their own branches inside Dhaka City: Collection Department sends transfer delivery item to other branches of same bank situated inside Dhaka City. Upon receiving IBCA customer’s a/c is credited. Procedures for Outward Bills for Collection: 6. 10 Accounts Section: In banking business transactions are done every day and these transactions are to be recorded properly and systematically as the banks deal with the depositors’ money.Any deviation in proper recording may hamper public confidence and the bank has to suffer a lot. Improper recording of transactions will lead to the mismatch in the debit side and credit side. To avoid these mishaps, the bank provides a separate department whose function is to check the mistakes in passing v ouchers or wrong entries or fraud or forgery. This department is called Accounts Department. Besides these, the branch has to prepare some internal statements as well as some statutory statements, which are to be submitted to the Central Bank and the Head Office.This department prepares all these statements. Functions of Accounting Department: We can divide the functions of accounting department into two categories. One is day-to-day task and another is periodical task. a. Day to day functions: Here day-to-day function refers to the every day tasks. Accounting department of DBL performs the following day to day functions: b. Periodical functions: Periodical functions of accounts department include the preparation of different weekly, fortnightly, monthly, quarterly and annual statement.The accounts department prepares the following statements: etc. 6. 11 Cash Section: Cash section is a very sensitive organ of the branch and handle with extra care. Operation of this section begins at the start of the banking hour. Cash officer begins his/her transaction with taking money from the vault, known as the opening cash balance. Vault is kept in a much secured room. Keys to the room are kept under control of cash officer and branch in charge. The amount of opening cash balance is entered into a register.After whole days’ transaction, the surplus money remain in the cash counter is put back in the vault and known as the closing balance. Money is received and paid in this section. 6. 11. 1 Cash Receipt: 6. 11. 2. Cash Payment: 6. 12 Conclusion: Bank is the largest organization of mobilizing surplus domestic savings. Attractive Savings Schemes are offered by DBL such as Contributory Savings Scheme, Monthly Benefit Deposit Scheme, Special Deposit Scheme, Education Savings Scheme, Fixed Deposit Scheme, Dhaka Bank Money Scheme, Dhaka Bank Insured Fixed Deposit Scheme as well as different accounts to save money.Schemes are designed concentrating in different purposes t o help the fixed income group people to help in need. Bank-Officials are also whole-hearted and dedicated to serve their customer with utmost care. 7. Online Branch Banking The Bank has set up a Wide Area Network (WAN) across the country to provide online branch banking facility to its valued clients. Under the Scheme,  clients of any branch shall be able to do banking transaction at other branches of the bank. Under this system a client will to be able to o following type of transactions # Cash withdrawal from his/her account at  any  branch  of the Bank irrespective of location. # Cash deposit in his/her account at any branch of the Bank irrespective of location. # Cash deposit in other's account at any branch of the Bank irrespective of location. # Transfer of money from his/her account with any branch of the Bank. Any amount can be deposited or transferred under Dhaka Line.In the system, however, at present there is a limit for cash withdrawal through bearer or by accou nt holder himself. Terms & Conditions of Online Branch Banking Service ONLINE BRANCH BANKING SERVICE is designed to serve its valued clients. Under this system, you shall be able to do the following type of transactions:    †¢ Cash withdrawal from your account at any   branch of the Bank †¢ Deposit in your account at any Branch of the Bank. †¢ Transfer of money from your account to any other account with any Branch of the Bank Transaction Limit Maximum ceiling of cash withdrawal by self is Tk. 10,00,000/- (ten lac) only per transaction †¢ Maximum ceiling of cash withdrawal by third party (bearer) per transaction is below Tk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Only (please mention the limit you wand to place). †¢ Cash deposit/transfer  by online transaction is unlimited Online Transaction Membership Fee Membership fee is  Tk. 50/- per month for the Online Branch Banking Service. Charges for Online Transaction †¢ There will be no charge for transac tion within the city where the account is domiciled †¢ Fee Tk. 7/- will be realized from the customer’s account for each remote transaction (inter-city)  for amount up to Tk. 1, 00,000 (one lac). †¢ Fee at the rate of   0. 075% will be realized from the customer’s account for each remote transaction of amount more than Tk. 1,00,000 (one lac). Who can get this service The Clients who has account in Dhaka bank or who will open account in Dhaka bank and would be interested to maintain substantial deposits in Savings, Current or STD accounts, will be eligible to get Dhaka Line Service.How one can get this service Intending and eligible clients have to apply in prescribed application form to their branch (where account is maintained) to get the online service from the bank. The client should submit two copies photographs and signature cards alongwith the application form. To avail the Dhaka Line service, no charge should be paid for online transaction within a locality where the account is domiciled. But charges should be paid by the customer for inter city online transaction When a account will be activated for onlineWithin 15 days from the date of submission application a account will be activated for online service Dhaka Bank Limited obtained Principal Membership of Master-Card International in the month of May 1999. Within a period of 6 months, the bank successfully launched Master Card-Credit Card which created a new dimension in its customer service and consumer financing. The Special feature of the Dhaka Bank Master Card is that its bears the card holder’s photo on the card, which is the first of its kind in Bangladesh and adds security against misuse.Dhaka Bank Limited issues 4 types of cards. These are Gold Local & International and Silver Local & International. Local cards can be used in Bangladesh only. 7. 1 Followings are the main feature of MasterCard Credit – †¢ Dhaka Bank Ensure High Level of Security  by inserting your Photograph on the Card. †¢ 20 to 50 days credit form the date of transaction. When you receive your monthly statement, you can either choose to pay in full or just minimum due amount shown on the statement. No interest is charged if you pay in full within payment due date. 24 hours a day, 365 days worldwide service. †¢ No joining/administrative fees. †¢ waiver of annual fees for International Card: If you accumulate 20,000 Dhaka Bank Bonus Point for your Gold Card or, 10,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( $ 1 purchase: 1 Bonus). †¢ Waiver of annual fee for Local Card:   If you accumulate 10,000 Dhaka Bank Bonus Point for your Gold Card or 8,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( Tk. 50/- purchase : 1 Bonus point). The Highest Dhaka Bank Bonus Point holder can enjoy free air ticket Dhaka-Bangkok-Dhaka. (Business Class). †¢ Cash advance faciliti es. †¢ 1,39,00,000 locations accept MasterCard worldwide Facilities Available with the Card : The Card can be used for: 01. Making payments to Merchants against purchase of all goods and services by the Cardholder form Marchant(s); and 02. Availing Cash Advances: ? 2. 1 From any of DBL Branches or any member of MasterCard of any Merchant authorized to make Cash Advances; as may be agreed upon by DBL or ?By the use of the Card on any ATM of DBL or of MasterCard. Subject to these terms and conditions and in compliance with such requirements, limitations and procedures as may be imposed by DBL, any Merchant or MasterCard from time to time. 7. 2 SWIFT Dhaka Bank Limited is one of the first few Bangladeshi Banks who have become member of SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) in 1999. SWIFT is members owned co-operative, which provides a fast and accurate communication network for financial transactions such as Letters of Credit, Fund transfer etc.By be coming a member of SWIFT, the bank has opened up possibilities for uninterrupted connectivity with over 5,700 user institutions in 150 countries around the world. SWIFT No. : PRBLBDDH Deposit Schemes of Dhaka Bank Limited: Bank is the largest mobilizer of surplus domestic savings. For poverty alleviation, we need self employment, for self-employment we need investment and for investment we need savings. In the other words, savings help capital formations and the capital formations help investments in the country.The investment in its turn helps industrialization leading towards creation of wealth of the country. And the wealth finally takes the country on road to progress and prosperity. As such, savings is considered the very basis of prosperity of the country. The more the growth of savings, the more will be the prosperity of the nation. The  savings rate in Bangladesh is one of the lowest in the world. In order to improve the savings rate, Financial Institutions responsible for mobilization of savings should offer attractive Savings Schemes so that the marginal propensity to save increases.The savings do not, of course, depend only on the quantum of income but largely depend on the habit of savings of the people. Contributory Savings Scheme: This is a Savings Scheme in which a person gets the opportunity to build up savings by contributing monthly installments and receives an attractive fixed amount at the end of a specified term. The Scheme is designed to help the fixed income group to save money and build up a sizable funds with which they can go for some income generating venture to improve the quality of their life and/or meet any future financial obligationsThe salient features of the Scheme are given below: > Minimum size of monthly installment shall be Tk. 500/- and multiplies of Tk. 1000/-. Maximum installment size shall be Tk. 25,000/- > The Deposit shall be for a period of 5 years. Lump sum amount shall be paid after maturity or monthly Pension shall be paid for the next 5 years according to the size of deposit. A brief chart of lump sum amount and monthly pension installments payable are shown below: Size of monthly deposit (Taka) |Terminal value after 5 years (Taka) |Pension for next 5 years (Taka) | |500/- |40,000/- |870/- | |1,000/- |80,000/- |1,739/- | |2,000/- |1,60,000/- |3,478/- | |3,000/- |2,40,000/- |5,217/- | |4,000/- |3,20,000/- |6,956/- | |5,000/- |4,00,000/- |8,695/- | |6,000/- |4,80,000/- |10,434/- | |7,000/- |5,60,000/- |12,173/- | |8,000/- |6,40,000/- |13,912/- | |9,000/- |7,20,000/- |15,651/- | |10,000/- |8,00,000/- |17,390/- | |11,000/- |8,80,000/- |19,129/- | |12,000/- |9,60,000/- |20,868/- | |13,000/- |10,40,000/- |22,607/- | |14,000/- |11,20,000/- |24,346/- | |15,000/- |12,00,000/- |26,085/- | |16,000/- |12,80,000/- |27,824/- | |17,000/- 13,60,000/- |29,563/- | |18,000/- |14,40,000/- |31,302/- | |19,000/- |15,20,000/- |33,041/- | |20,000/- |16,00,000/- |34,780/- | |21,000/- |16,80,000/- |36,519/- | |2 2,000/- |17,60,000/- |38,258/- | |23,000/- |18,40,000/- |39,997/- | |24,000/- |19,20,000/- |41,736/- | |25,000/- |20,00,000/- |43,475/- |Short Term Deposit ? A short term deposit (STD) account is a running account with amounts being paid into and drawn out of the account continuously. ? These accounts are called Demand Deposits or Demand Liabilities since the banker is under obligation to pay the money in such deposits on demand. ? These accounts are generally opened by Business Organization, Public Institution, and Corporate Bodies. ? An STD account may be opened by an individual person. ? It is an interest bearing deposit. Interest is calculated on daily basis as per Banks Prescribed Rate and is credited to account on half yearly basis. Current interest rate on STD account  is 6 Percent.Education Savings Scheme The educational expenses particularly the expenses for higher education are sharply increasing day by day in our country. Sometimes, the children are deprived of getting the desired level of education because of the inability of the parents to meet their educational expenses. But the parents would not feel any difficulty to defray such expenses if a proper financial planning is made much ahead of time. Moreover, we are receiving demands from the Islamic minded people of our country for an attractive Savings Scheme on the basis of Islamic Sariah so as to encourage them to save in Islamic way for education of their children.With this end in view, Dhaka Bank Limited has introduced a Savings Scheme entitled â€Å"Education Savings Scheme† in accordance with the principles of Islamic Sariah i. e. , on the basis of profit and loss sharing. The scheme provides a unique opportunity to the parents to make a future provision for the educational expenses of their children when they enter into Schools, Colleges and Universities out of the benefit of a small amount of savings with the Bank at an opportune moment The salient features of the Scheme are give n below: ? The Scheme shall be implemented through all Dhaka branches, though it is specially designed for Islamic Banking branches. ? Deposit of Tk. 50,000/- and multiples thereof but maximum limit of Tk. , 00,000/- at a time will be acceptable under the Scheme. ? A specially designed Receipt shall be issued for the deposit under the Scheme in the same manner as issued in case of FDR. Branches shall use the ESS receipts that used for existing scheme. ? The instrument shall be issued for a period of 5 years term. ? On maturity a lump sum amount of Tk. 85,382/- shall be payable or education allowance @ Tk. 1,854/- per month per Tk. 50,000/- shall be payable on the basis of deposit amount for next 5 years starting from the completion of the term as per following table. Income Tax @10% on interest may be deducted at source at the time of payment of lump sum amount. Initial Deposit (Taka)    |Lump sum amount payable at maturity (Taka)    |Amount of Education allowance per month | | | |  (Taka) | |50,000/- |85,382/- |1,854/- | |1,00,000/- |1,70,763/- |3,705/- | |1,50,000/- |2,56,145/- |5,558/- | |2,00,000/- 3,41,526/- |7,410/- | |2,50,000/- |4,26,908/- |9,263/- | |3,00,000/- |4,69,704/- |11,115/- | |3,50,000/- |5,47,988/- |12,968/- | |4,00,000/- |6,26,272/- |14,820/- | |4,50,000/- |7,04,556/- |16,673/- | |5,00,000/- |7,82,840/- |18,525/- | Double Benefit Deposit Scheme ? The Scheme shall be implemented through all the branches of Dhaka Bank Limited. ? Deposit of Tk. 25,000/- (Taka twenty five thousand) and multiplies thereof but maximum limit of Tk. 25, 00,000/- (Taka twenty five lac) at a time will be acceptable under the scheme. ? The instrument shall be issued for 5 years 4 months term. ? At maturity after 5 years 4 months double the amount of deposit will be paid to the depositor. Photograph of Nominee, duly attested by the depositor, shall be obtained at the time of opening the account. ? Normally no withdrawal will be allowed before maturity. But if any depositor intends to withdraw his deposit before maturity, the following rules will apply: ? (a) No benefit including interest/profit shall be allowed for pre-mature encashment within one year. (b) If the accounts / deposits are closed / encashed after one year of its opening, benefit shall be allowed on the deposit at normal Savings Deposit rate ? The instrument will be acceptable as collateral security against any investment subject to registering lien with the issuing branch. In case of death of a depositor, the amount of instrument will be paid to the nominee, to the legal heirs of the depositor on production of succession certificate. ? In case of instrument is lost the procedure for the issuance of a duplicate receipt will be the same as applicable in case of loss of FDR. ? Under the scheme depositor can get free insurance facility. ? Insurance coverage is only applicable to personal accident and serious illness related insurance policy. ? Depositor can take loan against his/ her deposit under this scheme ? At present no income tax will be deducted from the interest earned. But in future for any change in the government policy Bank reserves the right to deduct income tax.Fixed Deposit Scheme This type of deposit should be kept for a fixed term or period. Dhaka Bank Limited deals with the following terms deposit. Particulars Interest Rate 1(One) month 9. 00% 3(Three) month 12. 00% 6(Six) month 11. 50% 1(One) year 11. 00% Lakhopati Deposit Scheme (a)Monthly Installment size, tenure and terminal value of the scheme will be as follows: Monthly Installment Size (Taka) |Tenure |Amount to be paid after maturity (Taka) | |250/- |15 years |1,00,000/- | |500/- |10 years |1,00,000/- | |1,285/- |5 years |1,00,000/- | |2,400/- |3 years |1,00,000/- | Dhaka Millionaire   Scheme Monthly installment shall be Tk. 12,465. 00 /Tk. 7,890. 00 /Tk. 4,570. 0 for the tenor of 5/7/10 years respectively |Size of monthly deposit   (in |Investment Tenor (in |After the investm ent Tenor the terminal |Pension size of installment | |Taka)   |Year) |value of the Scheme (in Taka) |according to the years Invested | | | | |(in Taka ) | |12,465/- |5 |1,000,000/- |21,748/- | |7,890/- |7 |1,000,000/- |17,137/- | |4,570/- |10 |1,000,000/- |13,786/- | House Building Deposit   Scheme # The tenor of the House Building Deposit Scheme will be 5/7/10 years. # Minimum Equity building amount shall be Tk. 10. 00 lac. |Size of monthly |Size of monthly deposit in|Investment Tenor (in|Age Limit |After the   investment Tenor | |deposit in Tk. |Tk. Year) |(in Year)* |the terminal value of the | |(without |(with Insurance) | | |Scheme | |Insurance) | | | |(in Taka)** | |7,890/- |8,045/- |7 |18 to 38 |1,000,000/- | |12,465/- |12,640/- |5 |18 to 40 |1,000,000/- | |9,135/- |N/A |10 |18 to 35 |2,000,000/- | |15,770/- |N/A |7 |18 to 38 |2,000,000/- | |24,925/- |N/A |5 |18 to 40 |2,000,000/- | * Age upper limit will be applicable for HBL facilities only # Insurance Coverage will be restricted to terminal amount of Tk. ,000,000/-(Taka Ten Lac) only, here the age limit will be from 18 years to 60 years # A person can open more than one account but House Building Loan facility shall be on one account only. # Account in the name of minors can be opened too under the Scheme but without insurance coverage. # The installment shall be payable by the 8th day (in case of holiday the next working day) of every month. Advance payment of any number of installments  is acceptable. 8. CAMEL Rating of 48 Banks: The capital adequacy, Asset quality, Management standard, Earning and Liquidity rating (CAMEL) of all commercial banks on the basis of credit management performance till December 2007 have been rated by Bangladesh Bank (BB). It is mentionable that Dhaka Bank Ltd. got the top position in â€Å"A† class banks. CAMEL Rating:Analyzing the overall operational activities of all commercial and specialized banks; central bank, the regulatory authority of countryâ €™s banking sector has ranked 6 ‘A-class’, 27 ‘B-class’, 8 ‘C-class’,5 ‘D-class’ and 2 ‘E-class’ banks by the end of 2007, which was completed recently. A- Class Banks: 1. Dhaka Bank Ltd. 2. Shahjalal Islami Bank Ltd. 3. Commercial Bank of Ceylon. 4. Citibank N. A. 5. State Bank of India 6. Standard chartered Bank B – Class Banks: 1. Eastern Bank Ltd. 2. Premier Bank Ltd. 3. The Trust Bank Ltd. 4. BRAC Bank Ltd. 5. Southeast Bank Ltd. 6. NCC Bank Ltd. 7. One Bank Ltd. 8. Standard Bank Ltd. 9. Woori Bank 10. Bank Alfalah Ltd. 11. National Bank of Pakistan. 12. Dutch Bangla Bank Ltd. 13. Exim Bank Ltd. 14. Mutual Trust Bank Ltd. 15. Jamuna Bank Ltd. 16. Bank Asia 17. Islami Bank Bangladesh Ltd. 18. Uttara Bank Ltd. 19.National Bank Ltd 20. The City Bank Ltd 21. Basic Bank Ltd. 22. Habib Bank Ltd. 23. HSBC 24. Pubali Bank Ltd. 25. Mercantile Bank Ltd. 26. Social Investment Bank Ltd. 27. Dhaka Bank. C- Class Ban ks: 1. First Security Bank Ltd. 2. UCBL 3. Al-Arafa Islami Bank 4. Bangladesh Shilpa Rin Sangstha 5. IFIC Bank Ltd. 6. AB Bank Ltd. 7. Agrani Bank Ltd. 8. Rupali Bank Ltd. D- Class Banks: 1. Sonali Bank Ltd. 2. Bangladesh Krishi Bank 3. Bangladesh Shilpa Bank 4. Janata Bank Ltd. 5. RAKUB E-Class Bank: 1. Bangladesh Commerce Bank Ltd. 2. Oriental Bank Ltd. 9. Recommendation After observing the operation procedure of DBL, I recommended the following: ATM:Dhaka Bank has few ATM booths in the Dhaka city, but these are not sufficient to give service to the customer’s . So Dhaka Bank has arranged an agreement with Dutch Bangla Bank limited so that the customers of the Dhaka Bank can use its booth. To give smooth service to the customers Dhaka Bank should increase its own ATM Booth. Branch: Dhaka Bank should open branches in the all district towns besides Dhaka & Chittagong city for expansion its business area. Interest Rate: Dhaka Bank should Increase interest rate on FDR and other deposit scheme. Islamic Banking Branch: Bangladesh is a Muslim majority country, so Dhaka Bank should increase their Islamic Banking Branch in Bangladesh. 10. ConclusionIn Halishahar branch I have been working for 3 months, by this time I have found some good strengths and opportunities, Dhaka Bank Halishahar Branch has a strong opportunity to achieve strong market in Halishahar area because it is situated in a appropriate and attractive place. In short time Halishahar Branch gathered 30 core deposits; this is a great achievement for Halishahar branch and also achieving healthy profit as a new branch. From my view, this branch has some Strength these are: ? Dhaka Bank has well reputation in the market. It is number one Private commercial Bank in Bangladesh. ? In Halishahar branch efficient management practice. ? Halishahar branch is Well-furnished and Air-conditioned Bank. Dhaka Bank’s Officers are highly educated. ? Dhaka Bank’s Executives are highly qualified and ex perienced. ? Credit Department of Halishahar branch is strong prospective department. ? Dhaka Bank gathered maximum market share in banking business. ? Dhaka Bank not engaged in unfair business practice. ? Dhaka Bank has many attractive deposit schemes. ? Dhaka Bank becomes more reliable to the all kind of people. References 1. Kenova, V. & Jonasson P. 2006. Quality Online Banking Service. Jonkoping university. 2. Pallent, Julie. 2007. SPSS Survival Manual: A Step by Step Guide to Data Analysis usingSPSS for Windows. England: McGraw. 3. Cooper, D. R. , & Schindler, P. S. (2003).Business research methods (9th Ed. ). Mc GrawHill. 4. Cooper and Schindler (2006) 5. Malhotra 2003 6. http://www. htm. uoguelph. ca, 7. â€Å"Marketing Professional Services† By Philip Kotler, Thomas Hayes, Paul Bloom. 8. Mr. Alan Lau, Head of Consumer Banking, Maybank Singapore 9. October 20011 Mr. Laksham Silva, CEO, DFCC Vardhana Bank (07/03/2012 ADRIANA REYNERI), (Tanbir Ahmed Chowdhury-2009). â₠¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€œ Deposit-slip depositing the cheque along with Crossing of the cheque are done indicating the Branch as collecting bank Entries are given in the Outward Clearing Register Endorsement â€Å"Payee’s A/C will be credited on realization† is given