Key elements identified

Assignment Help Finance Basics
Reference no: EM1348683

1. Numbers play a significant role in a person's daily life whether they realize it or not.

2. In comparison to organizational operations management, people are inclined to manage their personal lives in accordance with systematic maintenance of record keeping. Although most people do not keep accurate records on personal repetitive flows of functioning, however, this article illustrates that individuals can manage time more efficiently through proper prioritization.

3. In the beginning of the article the author compares and contrast the human brain against computers and how people in general have serious issues with focus and how we tend to utilize stimulants that ultimately do more harm to our mental acuity than we initially thought. This article raised awareness about the dangers of coffee in some regard which changes the way I personally feel about drinking coffee.

4. People in general are more likely to be easily distracted. Generating enough data about various activities during the day will enable a person to become more focused on the initial task thus alleviating menial tasks that are of low priority.

5. This article does not specifically correlate operations management with accounting and finance, however, it does offer insight about the importance of maintaining accountability of one's actions on a personal basis. The author emphasizes that everything we do personally or professionally is equated to a mathematical formula and if we learn how to manage our time and the processes we integrate we will begin to answer questions that relate to what we are doing and why.

6. In essence, this article illustrates the importance of knowing the logic behind every action which is in my opinion directly aligned with operations management in which case we as human beings are naturally obligated to manage how we operate. The author used examples in the article regarding individuals who monitor steps, heart rate, etc. during exercise which helped me come up with this conclusion.

7. I also found it fascinating when the author referred to an individual that was having difficulty concentrating or focusing on various projects which reminded me of the movie "Limitless" in which case the protagonist also have the same issue. I thought it was interesting that the author stated that when he wanted to remain focused he initially weaned himself off of coffee and Sophie Barbier discovered that tryptophan enabled her to become more focused in addition to strengthening her sleep patterns. Which raised a question, could it be that Barbier was able to become more focused as a result of having better sleep and reducing the pattern of insomnia which contributes to lack of focus.

8. Another interesting fact identified in this document is the fact that our brain has the ability to do much more in terms of handling large quantities of information, unfortunately people in general place great limitations on mental capabilities. During Albert Einstein's youth and beyond he periodically engaged in thought experiments that enabled him to develop various theories within and beyond the realm of physics. According to the author of this article he insinuates that people are lackadaisical in terms of broadening the scope of understanding and expanding their mind to new methodologies and theoretical applications. Operations management, accounting and finance have one thing in common and that is change implementation which is critical part of sustainability. This article however, addresses the sustainability of implementing change and embodying a paradigm shift of integrating bookkeeping methods into ones personal life for developmental purposes.

Reference no: EM1348683

Computing the firm required return

Suppose a firm's price/earnings ratio is 10. It expects to pay a dividend of $1.20 per share to maintain a 60 percent payout ratio. What is the firm's required return if its

Net present value at an percent discount rate

a. What is the net present value at an 8 percent discount rate? b. What is the internal rate of return? c. In this problem, would you make the same decision under both parts a

Should lll purchase the project

The riskfree rate is 3 percent and the market risk premium is 6 percent. The project, which requires an investment of $405,000, will generate $165,000 after-tax operating ca

What tax savings will result

They will be depreciated using the MACRS schedule. If the firm purchases the grinders before year-end, what depreciation expense will it be able to claim this year? If the fir

Halliford corporation expects to have earning

Halliford Corporation expects to have earning this coming year of $2.734 per share. Halliford plans to retain all of its earnings for the next two years. Then, for the su

Which loan is more expensive

An individual wishes to borrow $10,000 for a year and is offered the following alternatives: a.) a 10% loan discounted in advance, b.) an 11% straight loan (i.e., interest p

What nominal annual rate must the second account

What nominal annual rate must the second account (i.e. the one that's compounded quarterly) pay in order to make her exactly as well off as she would be if she chose the sem

How loan loss reserve was established for loan recorded

After making payments for three years, one of the mortgage borrowers defaults on the mortgage. NewBank immediately takes possession of the house and sells it at auction for $1


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd