Ask Question, Ask an Expert

+1-415-315-9853

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 problems 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 exs 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 problem, 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.:- M929066

Have any Question? 


Related Questions in Basic Finance

Eureka inc a us-based company does business in ukraine also

Eureka, Inc., a US-based company does business in Ukraine also. The currency of Ukraine, hryvnia, is very volatile. There is always the possibility that hryvnia will depreciate with respect to the dollar. The company wil ...

Monetary policymakers observe an increase in output in the

Monetary policymakers observe an increase in output in the economy and believe it is a result of an increase in potential output. If they were correct, what would the appropriate policy response be to maintain the existi ...

You work for a us-based company that has very low level of

You work for a US-based company that has very low level of tolerance for risk. They even buy insurance to cover their assets in case of alien attack or destruction by asteroids or comets. The company regularly sells its ...

The goal of this course work is that you prepare a report

The goal of this course work is that you prepare a Report where you analyse some papers describing real-world application of Networks in Finance. For preparing your report you must consider first a general introduction b ...

What is the international financial system and how has it

What is the international financial system, and how has it changed in recent years? What opportunities does the new system offer? What are the challenges?

Monetary policy during a war consider a discussion during

Monetary Policy during a War : Consider a discussion during FOMC meetings in which there is a weak economy and a war, with potential major damage to oil wells. Explain why this possible effect would have received much at ...

Do some internet research to find out what it means for a

Do some Internet research to find out what it means for a company to create a "poison pill." Why might a company do that? Some economists think poison pills should be illegal. What is their rationale?

Prepare a two- to three-page analysis by answering the

Prepare a two- to three-page analysis by answering the questions below. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHEET FOR ECOVILLE INTE ...

Can you explain how the cost of capital is calculated and

Can you explain how the cost of capital is calculated and how can we use that in analyzing capital projects?

Conflicts of interest are a type of one of the problems

Conflicts of interest are a type of one of the problems created by asymmetric information. Describe the problem that can happen when an institution provides multiple services?

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate