Money and banking(Information asymmetries and information cost) Essay

Money and banking(Information asymmetries and information cost) - Essay Example ndividual or organization spends in order to ascertain that a particular activity or investment is prudent and viable to invest in due to the provisions of profitability (North, 2007, p. 06). It is necessary for companies to do enough research before engaging or entering into a business activity. This will help reduce the risks involved in starting a new business venture. Information asymmetry refers to situations where relevant information is partially conveyed to the relevant parties in line with the business on a particular product. For instance, when considering decision makers on a specified product, it is adept to enlighten all the participants in the marketing chain (both sellers and buyers), equal information in regard to a product (Eyler, 2009, p. 18). The financial crisis experienced between 2007- 2009 necessitated exploration of the ‘RCR’ regulatory capital requirements weaknesses by the financial firms to take undercapitalized risks between $dollars 2- 3 trillion in a way that compromised the US economy resulting into consolidation of the mortgage market by residential and commercial real estates. However, other explorers like commercial credits also suffered from the same (Das, 2006, p. 39). The first case was that the banks devolved funds to their risk loan portfolios through a process referred to as off- balance- sheet vehicles referred to as structured investment conduits and vehicles. However, this provided facts on remarkable asset based growth in commercial papers prior to the crisis period (Das, 2006, p. 42). The second case involved the buying of underpriced protection obtained from IAG explain this and monocline insurers due to the perception that banks would pocket the difference between the monocline and the spread of the AAA instruments of securitization tranches; since both the IAG and AAA had enough capital to back the insurance as well as insufficiency in systemic crisis. This led to effective recourse back to the institutions of

Sanlu Group Essay Example for Free

Sanlu Group Essay The entire world was recently disturbed by the extensive scandal involving imported and contaminated milk coming from China. One company, the Sanlu Group, is believed to be at the center of this milk scare, and it is even speculated that the company had knowledge of the scandal before it was reported (Indiatimes, 2008). Sampling of imported milk from the top three Chinese milk companies are already being conducted worldwide, and it is estimated that ten percent of such milk samples are tainted with melamine, a toxic chemical. Several countries already had varying numbers of children affected or dead, resulting from the contamination of the products (Reuters Foundation, 2008). The said toxic chemical is said to be rich in nitrogen, and it makes the protein level appear higher for milk that has been watered down. Some of the observed harmful effects of melamine on humans, particularly children, are kidney stones and worse, death (Reuters Foundation, 2008). This scandal not only has deleterious effects for the business of China. Worse, it has caused death and severe health consequences to children in various countries across the world. The disorder resulting from the deaths and other injuries has now spread such that most, if not all, countries are conducting tests to determine whether their milk has melamine content. Furthermore, there has been a loss of confidence and a growing doubt in the minds of people on the food products coming from China, and this definitely causes riot in the health community, including the experts and the end consumers. References Indiatimes. (2008). Tainted-milk scam: China apologizes to Taiwan. Retrieved September 25, 2008, from http://timesofindia.indiatimes.com/World/Tainted-milk_scam_China_apologizes_to_Taiwan/rssarticleshow/3523852.cms Reuters Foundation. (2008). FACTBOX:Chinas milk scam highlights risks, raises questions. Retrieved September 25, 2008, from http://www.alertnet.org/thenews/newsdesk/PEK72695.htm

Symbols, Symbolism, and Allusions in The Stranger (The Outsider) :: Camus Stranger Essays

Symbolism and Allusions in The Stranger " That's all for today, Monsieur Antichrist." " Specking very quickly and passionately, he told me that he believed in God, that it was his conviction that no man was so guilty that God would not forgive him, but in order for that to happened a man must repent and in so doing become like a child whose heart is open and ready to embrace all". A. The people in this short quote is Monsieur as the judge is talking to him. The judge don't think Monsieur believe in Jesus because Monsieur is always talking about how he does not care about anything and he rather just be in jail where he belongs. B. The quote that I think the author is trying to carry out through the story is the second quote I wrote down, because the author is saying that you need to repent and ask for forgiveness to God. Monsieur lawyer keeps telling him about Jesus and telling Monsieur that he needs to forget about the wrong things that he did in life and repent to God, but Monsieur being big headed is not going to listen because he think what he did is wrong and he should pay the price for what he did. C. The allusion that Albert Camus is trying to get at, is that people believed in antichrist and Albert is trying to say that if you do something wrong in life you can always repent and ask God for forgiveness. V. Representative Passage on Tone and Author's Philosophy " After a short time silence, he stood up and told me that he wanted to help me, that I interested him, and that, with God's help, he would do something for me." A. I think this passage tell us about the author prospective because he is telling us that if you ask for help and if you want the help it will happened. So what I am trying to say is that I if you are not a Christian and you have a friend that believe in Jesus and if you don't believe in Jesus you have to listen to your friend to understand what is going on so you can accept Jesus.

A League of Their Own

The movie also makes It easier to understand the different ethical systems by relating each system to a character portrayed In It. During the duration of World War II, the players of major league baseball were drafted. As a result, the ML used females to fill the teams to keep the American pastime alive. This essay will analyze some of the main characters of A League of Their Own from an ethical stand point. The main character, Dotted Hanson, played by Agene Davis, is the catcher of theRockford Peaches. Dotted Hanson best relates to utilitarianism. Throughout the movie, Dotted was constantly striving to do the right thing, not necessarily thinking about the outcome, but just wanted to be an all-around good person. For example, she wanted to show off as much as possible to reporters and the media in order to keep the women's league around much longer after the war ended so many of the players could keep their jobs. The other mall character, Jimmy Dugan, played by actor Tom Hanks, was the manager of the Rockford Peaches.Although he was portrayed early on as rude and arrogant, he eventually had a change of heart. With that In mind, Jimmy Dugan can be mostly associated with the ethics of virtue because this system is not based on one's actions, but the moral character of that person. We can see that deep down, he is a very caring person. However, sometimes his actions do not display the truth of his personal moral character. Next is Doris Murphy, who is played by Rosier O'Donnell. This character best portrays ethical formalism because f the constant intent to do good deeds.For the most part, she would conduct herself in a positive way to everyone. For example, when her teammate, Mae, was upset because of the proposal of shutting down the female league, Doris stood up for her friend and defended her, not for appraise, but because she knew it should be done. Doris' teammate, Mae Mortal was played by Madonna. Mae best describes natural law because of her moral princip les. When the possibility off league shut-down came about, Mae stayed firm In her beliefs of not wanting to go ace to her former life of dancing provocatively.Natural law can apply to anyone who continually keep their principles upheld. The recruiter of the players, Ernie Caption, was played by Jon Loving. Although a smaller role, he is portrayed as an arrogant and self-centered, thinking mainly of himself. For this reason, he best illustrates the egoism system. When Kit and Dotted were willing to stay behind for Marl, Ernie made it clear he was there specifically to finish his job, whether that would be with or without the girls.Air Loneliness, played by David Stratum, is one character who really tries to keep the league going for everyone involved. In this case, this character can relate to the ethics of care. Although Air is not motherly Like some may associate this system with, he Is still caring enough and emotionally Invested In the girls to fight to keep the league alive. Eac h of these roles helped explain a different system of ethics. Overall, A League of Their Own was enjoyable to watch and interesting to see how each character A League of their Own Through the movie â€Å"A League of their Own,† one can see how the more sexist views of the culture of this time in America permeated throughout this account of the Girls Professional Baseball League which existed from 1943 until 1954.â€Å"A League of their Own† is a snapshot of what was once the â€Å"All-American Girls Professional Baseball League† that was formed when many young men were active in World War II. Philip Wrigley, chewing gum mogul and MLB owner feared the major leagues would disband so he created the girls professional baseball league.One of the obvious cultural views during the time this movie depicts is that of feminizing the baseball players to make them more acceptable to that culture at the time. Although they wore shorts under their baseball skirts, the fact that they were to wear skirts that were very short for this time while playing the athletic sport of baseball is just one of the clues to how the â€Å"All-American Girls Baseball Le ague† was to be as much about show as it was about talent.In one part of â€Å"A League of their Own,† the scout Ernie Capadino intends on passing up the player Marla Hooch who is unattractive yet proves to be a great switch-hitting slugger. Capadino was told to find girls who play ball well and are equally as attractive.Another argument supporting the existent and greater acceptance of sexism represented when putting this â€Å"All-American girls team† togehter was that the female professional baseball players were at least in the beginning of this venture considered more seriously as princesses rather than as serious baseball players in this era, as we hear the announcer comment, â€Å"After the first month of league play, the shine still isn’t off these â€Å"diamond† gals.Alice â€Å"Skeeter† Gaspers says legging out a triple is no reason to let your nose get shiny—Betty Grable has nothing on these gals. Helen Haley has not only b een a member of several championship amateur teams, she is also an accomplished coffee maker† (Marshall, 1992).Even the radio program that is played during the tryouts at Harvey Field makes fun of the idea of a woman’s baseball team. During the radio program, the girls baseball team is referred to as the â€Å"masculinization of women.†The female baseball players have mandatory etiquette classes they must attend to portray a â€Å"lady-like† image. Even some of the names given to these female baseball teams at this time rings of   what we would today consider sexist in its lowest such as â€Å"Rockford Peaches,† â€Å"Racine Belles,† â€Å"Milwaukee Chicks,† â€Å"Fort Wayne Daisies† and â€Å"Muskegon Lassies.†Of course then you hear the announcer say things like: â€Å"Then there’s pretty Dottie Henon, who plays like Gehrig, and looks like Garbo. Uh-uh, fellas, keep your mitts to yourself; she’s married . And there’s her kid sister Kit, who’s as single as they come.Enough concentrated oomph for a whole carload of Hollywood starlets† (Marshall, 1992), today’s announcer need protect their heads if they were to utter such remarks.I think most of us would be thankful that announcers today couldn’t get away with trivializing the talents of those female baseball players, only to make the main focus their various levels of attractiveness and unattractiveness. This we know has never been something acceptable to do to professional male baseball players.Viewing the female as the care taker of the alcoholic baseball manager some can interpret as another female stereotype revealed in the movie and more accurate to the depiction of its acceptability during this time period. The character Dottie Hinson provides a maternal, care-taking role many times for baseball manager Jimmy Dugan, the often drunk manager of her team.Another part of the movie that would be con sidered very inappropriate real life behavior today versus the time incorporated in this film would be when the drunken Dugan relieves himself in the clubhouse. His female baseball players he is supposed to be managing are standing near awaiting instructions to play the game as he completes his task. Today, that would make the evening news along with being connected to legal repercussions.Today, unlike then, one has learned to be a lot more careful of how things one says can be monitored and reported. Even the humorous little prayer where Dugan says:â€Å"Uh, Lord, hallowed be Thy name. May our feet be swift; may our bats be mighty; may our balls†¦ be plentiful. Lord, I'd just like to thank you for that waitress in South Bend. You know who she is — she kept calling your name. And God, these are good girls, and they work hard. Just help them see it all the way through. Okay, that's it† (Marshall, 1992).Whether one sees it as a positive or negative or a little of bo th, one would just have to watch more carefully things they say like that today than one did then.When Jimmy Dugan was attempting to convince Dottie Hinson to stay with the team, he yells at her, â€Å"If you want to go back to Oregon and make a hundred babies, great† (Marshall, 1992). This again, wouldn’t be something any professional could spout out to another, including a female player he manages, without the strong possibility of suffering professional or legal repercussions in today’s society at least in America.While I’m at this point in the movie, the fact that Dottie feels she must make a choice between her marriage and that of playing professional baseball or any professional sport is another noticeable difference. There are many great professional and non-professional married female athletes today. One could just watch the 2008 Olympics and observe the obvious signs of that.

Criminal Addiction- America’s Social Crisis Essay

The United States boasts some of the finest medical knowledge in the world; is known for it’s charitable help to third world countries and yet there’s an epidemic that it chooses to ignore and even vilify. Drug addiction, to both illegal and legal drugs, is on the rampage. In 2001, 16. 6 million cases of drug addiction were reported- that’s 7. 3% of the population. Our emergency rooms are overflowing with drug related emergencies and our jails are packed with criminals charged with drug related crimes. The American medical society can be partially blamed for our national addictions. From heroin and cocaine in the early 1900’s, to tranquilizers and diet pills in the 60’s and 70’s to today’s highly addictive pain killers, doctor’s have pushed pills at us , toting them as miracle cures, and the like. Americans are a society that is always looking for new ideas and new ways to solve problems, and these instant solutions always seem like a good thing- and usually aren’t (King, 2006). Unfortunately, doctor’s are less inclined to treat those they addict- they would rather ignore the problem or chalk it up to a weak will, than face the fact that without their overzealous marketing, the majority of these people would never have become addicts. Those doctors that wish to help their patients are met with little choice – if the patient has no insurance, there are very few treatment centers. It’s the middle and lower class addicts that suffer the most- due to lack of money, influence and insurance. One the other side of addiction- namely street drugs, we again see the want for a miracle cure. Many kids experiment out of curiosity, but the majority that become heavy drug users usually start using drugs as an escape and because they see their parents do drugs too. They also see drugs as a way of making quick money and to escape the poverty they live in (Addiction, 2002). Unfortunately for either type of user, there is no escape. Drugs often lead to death- whether suicide, accidental overdose, fighting between dealers, or the various diseases that can come from chronic drug use. At least one spell of incarceration is guaranteed for the street drug user- usually for dealing or violence related to dealing. Conversely, prescription drug addicts usually end up in incarceration for various crimes to support their habits- crimes that are usually more sophisticated such as theft and forgery. Either way, however, these addicts end up in jail- in a system that is only there to make sure they serve a sentence- rather than help them to overcome the problem (Addiction, 2002). A movement to change drug addiction from a crime to a public health problem is beginning in America. This approach has already been tried in the Netherlands with results showing a marked reduction in the number of heroin addicts over a two-year period. There, drug traffickers are prosecuted, and drug addicts that commit other crimes such as theft are punished for those crimes, but are not charged with possession. Instead rehabilitation is ordered and received. (Bertran, Sharpe, Andreas, 1996) In 2007, the Second Chance Act was put before Congress. This bill will allow funds to be allotted to State governments to set up alcohol and substance abuse programs for inmates. It also authorizes the creation of drug treatment and rehabilitation centers as alternatives to incarceration for non-violent offenders. While this is still in the legislative process, it is a step toward changing the futures of many Americans. Conclusion It’s time for Americans to step back and take a long look at their attitudes about drug addiction. It’s obvious from our jails and morgues that our current policies and ideas are not working. References King, Rufus (2006) The Drug Hang Up, America’s Fifty-Year Folly retrieved from http://www. druglibrary. org/special/king/dhu/dhu5. htm â€Å"Drug Addiction is an Illness, not a Crime† (2002) retrieved from http://www. drug -addiction. com/addiction_is_illness. htm Bertran, Eva; Sharpe, Kenneth; Andreas, Peter (1996 )Drug War Politics: The Price of Denial University of California Press retrieved from http://books. google. com /books? id=baWsThZgBaQC&printsec on January 31 2009.

Dental Law †Dental Practice Act

Dental Law – Dental Practice Act Free Online Research Papers Dental Law Dental Practice Act The dental board is also responsible for creating and enforcing the state Dental Practice Act, which contains the laws governing the business and professional aspects of dentistry in the state. The DPA determines the contractual relationship the dentist has with patients as well as how the practice must be run. The laws and provisions of the DPA are different in each state but there are some similarities with regard to the conduct of the dentist. 1 According to the Americans with disabilities Act, a dentist can’t refuse to treat any patient on the basis of race, creed, color, or disability. This includes persons with HIV and AIDS. As you may know, AIDS (acquired immunodeficiency syndrome) is caused by HIV (human immunodeficiency virus). HIV suppresses or destroys the T-cells of the body’s immune system (the system that fights off disease). Because of this, AIDS patients lack the ability to fight off any disease will which they might come in contact. They frequently get opportunistic diseases, infections that usually are controlled by the body’s immune system but can’t be because it’s not working properly. Dentists who feel they can’t treat certain individuals should give them a referral to a place where they can expect treatment. 2 The dentist is responsible for the actions, legal or illegal, of himself or herself and the office auxiliaries. A patient can sue the dental treatment but can also sue the employee individually. Included in this responsibility is the direct and indirect supervision if dental auxiliaries. By direct supervision, we mean that the dentist is physically present in the office, authorizes the procedure, is there while it’s done, and checks the results before the patient leaves. By indirect, or general, supervision, we mean that the dentist delegates a procedure or type of treatment to a trained auxiliary and needn’t be physically present while it’s done. We’ll discuss later in this section how this may affect you. 3 The dentist must charge reasonable fees for treatment. Care, once begun, should be completed in a reasonable time. The dentist should notify a patient in writing if care could no longer be provided. The care a dentist must provide to a patient includes Licensure (because of all the knowledge that’s needed to become licensed) Reasonable skill and judgment in the performance of each type of procedure undertaken Use of standard materials, drugs, and techniques that are accepted by the profession. The Law and the Dental Assistant Laws affecting the use of auxiliaries have been changing in recent years. These changes are made in the DPA. In some states, the DPA has been changed to allow hygienists to work under general super vision. Assistants who’ve had special, extended training in dental procedures can work under general supervision and provide certain treatments directly in the mouth. However, in other states, dental assistants and hygienists still must work under direct supervision. If you perform duties that aren’t allowed by the DPA in your state, you’re committing an illegal act. As the laws change, continue your education. Keep up-to-date! Then the dentist will feel confident in giving you more responsibility in patient care and dental procedure. Research Papers on Dental Law - Dental Practice ActArguments for Physician-Assisted Suicide (PAS)Moral and Ethical Issues in Hiring New EmployeesThe Effects of Illegal ImmigrationThe Fifth HorsemanUnreasonable Searches and SeizuresComparison: Letter from Birmingham and CritoTwilight of the UAW19 Century Society: A Deeply Divided EraThe Relationship Between Delinquency and Drug UseThe Project Managment Office System

Research design Quantitative, qualitative, and mixed methods approaches

Research design Quantitative, qualitative, and mixed methods approaches Case Study Case study is a research method that is usually employed when the researcher might be interested in conducting an explorative study but not prescriptive study. In the research method, the researcher could be free to explore and tackle issues as they arise. This means that the method is flexible, which means that the researcher could address broad questions before tackling narrower questions.Advertising We will write a custom proposal sample on Research design: Quantitative, qualitative, and mixed methods approaches specifically for you for only $16.05 $11/page Learn More The method is focuses on the context of the study implying that it employs the technique of thick description. This strategy helps in bridging the gap between the theoretical study and actual practice, which allows canvassers to offer a comparison of data (Seglin 2003, p. 8). However, the method is believed to be weak because it is too subjective. This means that the results neith er could be evaluated nor could be implemented since they are the views of the researcher. Furthermore, the method is too expensive since the researcher would have to stay with the researched in order to study their behaviour. This study cannot employ the case study method because of the ethical issues. Since this is an academic research, reliability, sensitivity and issues related to biasness are to be considered seriously before proceeding to collect data (Kothari 2004, p. 71). Interview Interviewing is considered one of the effective ways of collecting data in any research design. However, a number of issues restrict the use of the method. Interview guides enables sampling because the researcher can control it easily. The researcher would easily choose who to interview based on a certain criteria. Moreover, the method is effective since it permits face-to-face interaction. Face-to-face interaction allows the researcher to extract important information from the researched that cou ld otherwise not be extracted from them. Through interviewing, the researcher would be in a position to collect critical information that would not otherwise be captured by a questionnaire. In this proposal, interview method would be employed together with the surveying method. Additionally, the researcher might choose to use visual instruments in case interviewing would be employed.Advertising Looking for proposal on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More This would give valid results as compared to using survey method alone. Since the researcher would be available, he or she would ask additional questions hence acquiring additional information that would not have been captured using the questionnaire. In fact, the researcher may engage the researched in an in-depth discussion hence collecting information that is more important. This would be achieved through probing or seeking clarifications in case the researc her would not understand the answers clearly. No question would be left unanswered since the researcher would ensure that the respondent answers all questions. In other words, the researcher would create enough time for the respondent to address all questions (Blumberg Schindler 2008, p. 71). In research, there is no method lacking some weaknesses. Just like all other methods, interviewing has a number of weaknesses. The method is believed to be very expensive in terms of time and resources. The researcher would be required to travel to various places in search of respondents. The method is consumes more time as compared to survey method since much time is taken to interview one respondent. Moreover, geographical features affect the method because it is impossible to reach people in some provinces, especially during rainy seasons. Finally, the method is accused of biasness because the interviewer would ask a question in a way that suggests a particular answer (Hakim 2000, p. 28). S urvey Method This method would be employed in this study because it is an effective way to access a large population. In this regard, a questionnaire would be sent to various employees in various companies. Employees would be requested to give their views as regards to the position of the Chinese small firms. The technique saves time. The Proposal This proposal would take a deductive approach, which would call for the researcher to work from a known hypothesis that convergence or divergence of Chinese small companies would affect positively the economy of the country in terms of performance in the global financial system. Thus, the study would take a top down approach as compared to the inductive approach that would take an up down strategy. To realize the use of deductive approach, quantitative tools of data collection and analysis such as questionnaires and interviews would be used. Quantitative tools would be preferred as opposed to qualitative tools because they would enable the researcher to come up with facts, such as a hypothesis that convergence or divergence of Chinese small companies would affect the economy positively in terms of performance globally.Advertising We will write a custom proposal sample on Research design: Quantitative, qualitative, and mixed methods approaches specifically for you for only $16.05 $11/page Learn More This would enable the researcher to test and confirm the hypothesis (Taylor 2007, p. 19). This would not be like qualitative tools that first come up with an abstract idea that is followed by creation of theories and concepts about the idea. Lastly, data in quantitative research is believed to be hard and reliable as opposed to qualitative research where data would just be rich and deep. Due to this, the study would take a positivism kind of philosophy. A positivism approach would make the researcher understand more the impact of convergence or divergence of Chinese small companies on the performa nce of the economy of China globally (Crotty 2003, p. 9). Quantitative Research This research is occasionally referred to as factual knowledge and would employ conventional arithmetical and statistical representations to compute categorical results. Physical scientists usually exploit it, though social studies, education and finance have been identified to utilize this variety of study. Quantitative researches would make use of an average design, with a little insignificant inter-subject distinction of engendering a premise to be confirmed or refuted. This hypothesis should be verifiable by mathematical and arithmetical techniques and would be the foundation around which the entire research would be calculated. The design would permit randomization of any targeted clusters as well as to organize groups to be incorporated in the research if possible. A well-designed quantitative design would influence only one variable at ago, or else statistical examination turns out to be burdensom e and open to queries. In an ideal world, quantitative study would be built in a way that permits others to replicate the research and get comparable outcomes. Quantitative design is believed to be an exceptional approach to confirm results and establish or invalidate a hypothesis. The design would be selected in this research since its configuration has not changed for many years, which means it is normal across numerous technical disciplines and subjects (Parsimonious). Subsequent to statistical investigation of the outcomes, an all-inclusive response would be arrived at and the outcome would be legally conferred and published. Quantitative research furthermore would sieve peripheral aspects if suitably planned and the outcomes achieved would be perceived to be authentic and equitable. Quantitative researches are useful for testing the results obtained by a series of qualitative tests, leading to an ultimate responseAdvertising Looking for proposal on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Ethical Implications Ethics is considered an important aspect of any research. Ethics would mean proper or professional research, which would be conducted in the best traditions of the discipline. The research would need to observe researcher-respondent relations, which deals with the welfare of the respondent. Honesty, sincerity, justice and responsibility should guide researcher-researcher relationships meaning there should be no criticism. It should not be based on polemic, personal biases or collective interests. Professional ethics means accuracy in data collection, data processing and application of relevant research methods. In this study, issues related to ethics would be addressed by giving relevant notice to the researched. The study population should also be amicably informed in order to get prepared for the study. To brief respondents is usually important because it could perhaps enhance reliability of the study. It would also be ethical to inform people before proceedin g to reseacrh on them. The findings should always be made public to the researched, as one way of ensuring morality in the study. Furthermore, the researcher should always observe research ethics by keeping away from criticism (Creswell 2003, p 40). Research Design There would be two key methods used to gather information in this proposal. The first one would be through a questionaire, which would be administered online to employees in various companies within the Chinese financial system. The questionaire would seek to capture various attutudes of employees regarding convergence or divergence of Chinese small companies. The questionnaire would have four Parts. The first part would seek to capture the biodata information of respondents. The second part would deal with the demography and gender of the respondents. This would be to ascertain the prevalence of views in varoius categories in order to ensure that if any differences would come about, then they would be captured in their d emographic space. The third part would deal with academic credentials and work experience of employees. The motivation for this section would come from the understanding that different sections of population would respond differently to change, based on age and academic credentials. The fourth part would delve on the specific issues relating to the convergence or divergence of Chinese small companies, starting from the understanding of the concept to the possible effects it would have on the economy. The questionaire would also employ a mix of open ended and closed ended questions to capture different aspects of issues studied. Open ended questions would be used because they give respondents more time to figure out their opinions, which would make them volunteer more information related to feelings, outlooks and comprehension of the subject. This would allow the researcher to understand the position of respondents as regards to their feelings towards convergence or divergence of Chi nese small companies (Wittner 2003, p. 12). Open ended questions would minimize some errors that could have been created in the course of research. Respondents would rarely forget answers if given an opportunity to respond freely. Furthermore, respondents could not ignore some questions because they must go through all of them. Open ended questions would generate data that could be used in data analysis by other researchers. In other words, they would allow secondary data analysis. On the other hand, closed-ended questions would be analyzed easily. That is why they would be used in this study. Each response could be coded for statistical interpretation. Nonetheless, closed-ended questions would be compatible with computer analysis package. The technique would be more specific meaning that its answers would be consistent in all conditions. This aspect would be impossible with open-ended questions because each respondent would be allowed to use his or her own words. Finally, closed-en ded questions would take less time to administer unlike open-ended questions, which would be detailed hence time consuming (Saunders, Lewis Thornhill 2009, p. 11). Rationale The questionnaire would be sent to respondents through the internet that is, the researcher would mail the questions to respective respondents. The researcher arrived at this decision after considering time and reseources. The method is costless and less time consuming. Furthmore, the method would allow respondents to reflect on the questions and answer them accurately. Employing research assistants would be problematic because of the complexity of the study. Many people would be reluctant to give their views freely. The method is ineffective because answers would not be independent. The respondent could not have filled the questions personally. Moreover, the method would be affected by the respondent’s level of literacy. One big disadvantage of the technique is that there would be no interaction between the researcher and the researched. This would mean that respondent’s reactions would not be captured. Reactions are important because they give more information regarding the feelings of respondents. Therefore, it was justifiable for the researcher to employ interviews to reinforce the survey method. Generally, the survey technique is considered more applicable where the researcher is interested in numbers, not deep feelings of the respondent. In this study, the researcher would be interested in identifying the number of employees who feel convergence or divergence of Chinese small companies would be the suitable method of acquiring global economic advantage (Xenos Moy 2007, p 34). List of References Blumberg, C Schindler, D 2008, Business Research Methods, New York, McGraw-Hill. Creswell, J 2003, Research design: Quantitative, qualitative, and mixed methods approaches, Sage, Thousand Oaks. Crotty, M 2003, The Foundations of Social Research: meaning and perspective in the research process, Sage, London. Hakim, C 2000, Research Design: Sucessful Designs for Social and Economic Research, Routledge, New York. Kothari, R 2004, Research methodology: methods and techniques, New Age International, New Delhi. Saunders, M, Lewis, P Thornhill, A 2009, Research Methods for Business Students, Prentice Hall, Harlow. Seglin, J. 2003, The Right Thing: Conscious, Profit and Personal Responsibility in Today’s Business, Spiro Press, New York. Taylor, S 2007, Business Statistics, Palgrave Basingstoke. Wittner, P 2003, The European Generics Outlook: A Country-by-Country Analysis of Developing Market Opportunities and Revenue Defense Strategies, Datamonitor, London. Xenos, M Moy, P 2007, Direct and differential effects of the internet on political and civic engagement, Journal of communication, Vol. 57, no. 1, p 34.