Notes, summaries, assignments, exams, and problems

Sole Proprietorship

A sole proprietorship is a business structure where an individual owns and operates the business. The owner contributes the capital, manages operations, and is solely responsible for the business's outcomes. They may work alone or employ others. This structure is the easiest to form and simplest to organize. The sole proprietor can borrow funds or utilize others' money for business purposes.

Advantages of Sole Proprietorship

Easy to Start

Forming a sole proprietorship is easier than partnerships or corporations. There are no legal formalities like agreements, memorandums of association, or articles of association.

Easy to Dissolve

Dissolving a sole proprietorship is simple, as the owner doesn't need permission from shareholders... Continue reading "Sole Proprietorship: Advantages, Disadvantages, and Characteristics" »

Business Studies

The NBER has formally affirmed that the US financial system is in a recession.

By putting into action an effective monetary policy, the Federal Reserve and the US government could uphold stable prices, thus sustaining conditions for long-standing economic expansion as well as increased employment opportunities. This study will explain how open market operations, discount rate, and reserve requirements could be utilized in order to stimulate the American economy.

Open Market Operations

Open market operations (OMOs) refer to the buying and selling of securities by a central bank in the open market to execute monetary policy. OMOs could be utilized in adjusting the supply of reserve balances in order to uphold the federal funds rate... Continue reading "Monetary Policy Tools to Revive the US Economy" »

The Real McCoy: A Castle's Ghostly Secret

Four children were staying in an old castle. A rumor circulated that a real ghost haunted the place. However, one child was skeptical. The other three children conspired to imitate ghosts and surprise him. But he saw a ghost that was clearly not one of his friends, a chilling encounter that proved the castle's spectral inhabitant was indeed the real McCoy.

Strange Message: An Astronaut's Legacy

A young girl dreamed of becoming an astronaut. One day, her computer received a strange message. It read: “Follow your dream!” She found this unbelievable, as she had never shared her dream with anyone. Thinking it was a marvel, she replied to the message. Later, she discovered the message had been sent by a... Continue reading "Unexplained Encounters: True Supernatural Stories" »

The Human Circulatory and Respiratory Systems

Key Components and Functions

1. The Diaphragm's Role in Respiration

The diaphragm separates the thoracic cavity (containing the heart, lungs, and ribs) from the abdominal cavity. It plays a crucial role in respiration. As the diaphragm contracts, the volume of the thoracic cavity increases, drawing air into the lungs.

2. Arteries: Transporting Oxygenated Blood

Arteries are large, thick-walled, muscular blood vessels that carry oxygenated blood away from the heart.

• Pulmonary Arteries: Carry deoxygenated blood from the heart to the lungs.
• Umbilical Arteries: Paired arteries (one for each half of the body) found in the abdominal and pelvic regions. They supply deoxygenated blood from the fetus to the placenta

Hotel Management Agreements

Definition

A hotel management contract is an arrangement whereby a hotel's owner contracts with a separate company, or an operator, to run a hotel. The owner retains limited control over the operation of the asset, often through measurable performance standards, albeit that the owner retains more risk than if the hotel were leased to the operator.

An operator, or hotel management company, hired to run a hotel business will provide supervision, expertise, established methods and procedures, and normally also a track record of verifiable past performance. The operator runs the hotel for a fee according to specified terms negotiated with the owner.

Term

The initial term of a management contract is the length of time that... Continue reading "Hotel Management Contracts vs. Tourist Operation Leases" »

The Spanish Constitution: The Supreme Legal Text

The Spanish Constitution is the supreme legal text. It is located at the apex of the regulatory hierarchy. Constitutional rules outline the legal framework in which private relationships unfold. It was promulgated in 1978. Constitutional provisions are grouped into two categories:

1. The dogmatic part, which comprises:
   • a) The Preamble (principles and founding values)
   • b) The Preliminary Title (Articles 1-9, basic constitutional principles configuring the political and territorial model and defining identifying marks of the Spanish State)
   • c) Title I (Articles 10-55, “On Fundamental Rights and Duties”, under which fundamental rights, civil liberties, and governing principles of social and economic policies

The Problem of Induction

Inductive reasoning goes from the particular to the general, from the observed to the unobserved.

Practical Problems

• How many observations are enough?
• Even well-confirmed hypotheses can later turn out to be wrong.
• Most scientists believe they really are discovering the fundamental laws of the universe, yet we have observed only a minute fraction of the universe.

Theoretical Problem

Science is supposed to be an empirical discipline that makes no claims beyond what is observed. However, this would stop any hypothesis from going from the particular to the general.

Key Thinkers and Scientific Method

Karl Popper (1902-94)

Rejected theories that tried to explain everything.

Alfred Adler (1870-1937)

Believed that human beings are dominated... Continue reading "The Problem of Induction in Science" »

117 Ways to Pass the Earth Science Regents

1. The same substance always has the same density.

2. As pressure increases, density increases.

3. As temperature increases, density decreases.

4. Water expands when it freezes.

5. Most changes are cyclic.

6. Water is most dense at 4^oC, when it is a liquid.

7. The true shape of the Earth is an oblate spheroid, but from space it looks like a sphere.

44. As temperature increases, air pressure decreases.

45. As moisture increases, pressure decreases.

46. Air pressure decreases with altitude.

47. Highs are cool and dry; lows are warm and wet.

48. Wind is due to air pressure differences.

49. Wind blows from high to low pressure.

50. Wind is named from the direction that it is coming from.

51. The accepted value is the... Continue reading "Earth Science Regents: 117 Key Concepts" »

British Poetry: 1950s-1970s

This analysis summarizes and discusses the main characteristics of British poetry between the 1950s and the 1970s, with specific reference to the works of Philip Larkin, Ted Hughes, and Seamus Heaney.

A Shift in English Literature

There was a significant shift in English literature during this period, with writers largely avoiding romanticism and modernism. Instead, they focused on writing realistic poetry and novels. Meanwhile, playwrights adopted a more philosophical point of view.

Post-War Dreams and Disappointments

In the aftermath of World War II, a dream for the future emerged, encompassing improved health services, education, and welfare systems. Universities like Oxford, Cambridge, and St. Andrews were no longer... Continue reading "British Poetry: 1950s-1970s - Larkin, Hughes, and Heaney" »

The Significance of April 4, 1984 in Orwell's Novel

By a strange coincidence, the first chapter of George Orwell's famous dystopian novel, 1984, begins on April 4, 1984. On this day, the hero, Winston Smith, takes the first seditious step toward independence from externally imposed structures of meaning: he starts writing a diary. When Winston begins the diary, he writes the date: April 4, 1984.

Winston Smith's Diary: An Act of Rebellion

This attempt to find his own voice symbolizes the hope of liberation, the cleansing of consciousness from imposed ideas, and the movement towards a goal, however hopeless it may seem.

The Search for Truth and Freedom

He wrote:

"Freedom is the right to say that two plus two make four. If that is granted, all else