Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

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.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9224047

Have any Question?


Related Questions in Basic Finance

Consider the stock of abc inc a growth stock that will

Consider the stock of ABC Inc., a growth stock that will increase its dividend by 20 percent for the next two years and then maintain a constant 12 percent growth rate, thereafter. The stock has a required rate of return ...

London purchased a piece of real estate last year for 81000

London purchased a piece of real estate last year for 81,000. the real estate is now worth 103,100. if London needs to have a total return of 0.24 during the year, then what is the dollar amount of income that she needed ...

When alice spends the day with the babysitter there is a 05

When Alice spends the day with the babysitter, there is a 0.5 chance she turns on the TV and watches a show. Her little sister Betty cannot turn on the TV by herself. But once the TV is on, Betty watches with probability ...

Please show all work use of formula etcyou have just joined

Please show all work (use of formula, etc) You have just joined the investment banking firm of Danny, Chatman, and Howard. They have offered you two different salary arrangements. You can have $80,000 per year for the ne ...

A common stock just paid a 200 dividend that will grow at 5

A common stock just paid a $2.00 dividend that will grow at 5% for years 1 and 2, then at 3% for year 3, then at 2% thereafter. If you require a 9% return, what is the intrinsic value of the stock?

A check cashing company will give you 101 in cash and you

A check cashing company will give you $101 in cash and you repay them $120 in two weeks. What is the effective annual rate of interest for this arrangement?

Information provided on the stockholders equity section of

Information provided on the Stockholder's Equity section of a balance sheet: Common Stock; $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding $1,000,000 Market value per share of ...

Suppose that the annual interest rate is 10 percent in the

Suppose that the annual interest rate is 1.0 percent in the United States and 3 percent in Germany, and that the spot exchange rate is $1.25/€ and the forward exchange rate, with one-year maturity, is $1.35/€. Assume tha ...

Squash delight inc has the following balance

Squash Delight Inc. has the following balance sheet: Assets     Cash $ 45,000     Accounts receivable   295,000     Fixed assets   772,000          Total assets $ 1,112,000    Liabilities    Accounts payable $ 296,000    ...

You are evaluating the purchase of a vehicle for your

You are evaluating the purchase of a vehicle for your business. You've decided that the best choice is a car that will cost you $35,000, but you're uncertain how long you should plan on holding the car before you replace ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As