Communication Essay Example | Topics and Well Written Essays - 1000 words - 3

Communication - Essay Example This new innovative technology came into being in 1998 and within a short span of time became popular specially among youngsters. The reason for its increasing popularity is the ease of usage and accessibility it has brought in communication. Moreover, certain scholars call it as an innovative tool and an interesting mode of communication. This is because electronic communication has brought ease not only for young people but also for businesses and students of all ages. Even elders are benefited with it since electronic communication has given birth to virtual communication, which has made it convenient to talk face-to-face with relatives overseas. Yet where this communication medium has benefited the society, it has brought with it certain downsides as well. This is because where virtual communication and networking has helped bring people closer, it has also developed certain negative consequences in numerous ways. In this paper we will be evaluating both the positive and negative contributions of electronic methods of communication in our society (Middlewood & Abbott, 124; Krus, 28-1 to 28-8). First off, we will discuss the benefits electronic communication has brought to our society. Firstly, on a personal level, virtual means of communication has helped people build closer ties with their family and friends living overseas. This is due to the social networking websites like Skype and Facebook through which people could communicate with their friends and relatives no matter what place or country they are in. Both the networking sites provide the facility of video calls which allow face-to-face conversations with the other person anywhere in the world (Middlewood & Abbott, 124; Krus, 28-1 to 28-8). On academic level, virtual communication has enabled the students to communicate more conveniently with teachers/instructors at a faster speed. Also, the networking sites mentioned has enabled the students to take virtual classes on Skype. Email facility and Face book communication (which includes the study groups made on Facebook nowadays and other academic groups) provides student with the ease of getting instant feedbacks from teachers. Also Smart phones have further enhanced the communication since through smart phones, students and instructors can instantly communicate with each other. Moreover, the new trend of Colleges and Universities developing their own grading software on their websites has made it easy for professors to update student grades online in minutes. On the other side, students could immediately log in and see their results without waiting for the next day or so to get their reports in paper form. In addition, electronic communication through social networking websites have enabled professors to upload study materials on their College website account or on the Facebook group, which could be accessed by students within seconds. Most importantly, virtual/electronic communication has turned our environment into a paperless environment, since everything is documented and managed online (Middlewood & Abbott, 124; Krus, 28-1 to 28-8). On a business level, virtual communication has enabled businessmen to conduct meetings online without having to travel to another city or country. Emails, faxes and social networking websites have benefited the businesses in the fields of marketing, finance, public relations and all kinds of management. It is with the help of social networking and

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