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

Question utilizing the concepts learned throughout the

Question: Utilizing the concepts learned throughout the course, write a Final Paper on one of the following scenarios: • Option One: You are a consultant with 10 years experience in the health care insurance industry. A ...

Discussion your initial discussion thread is due on day 3

Discussion: Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your r ...

Question financial ratios analysis and comparison

Question: Financial Ratios Analysis and Comparison Paper Prior to completing this assignment, review Chapter 10 and 12 in your course text. You are a mid-level manager in a health care organization and you have been aske ...

Grant technologies needs 300000 to pay its supplier grants

Grant Technologies needs $300,000 to pay its supplier. Grant's bank is offering a 210-day simple interest loan with a quoted interest rate of 11 percent and a 20 percent compensating balance requirement. Assuming there a ...

Franks is looking at a new sausage system with an installed

Franks is looking at a new sausage system with an installed cost of $375,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped ...

Market-value ratios garret industries has a priceearnings

(?Market-value ratios?) Garret Industries has a? price/earnings ratio of 19.46X a. If? Garret's earnings per share is ?$1.65?, what is the price per share of? Garret's stock? b. Using the price per share you found in par ...

You are planning to make annual deposits of 4440 into a

You are planning to make annual deposits of $4,440 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 32 years?  (Do not round intermediate calculations a ...

One year ago you bought a put option on 125000 euros with

One year ago, you bought a put option on 125,000 euros with an expiration date of one year. You paid a premium on the put option of $.05 per unit. The exercise price was $1.36. Assume that one year ago, the spot rate of ...

Common stock versus warrant investment tom baldwin can

Common stock versus warrant investment Tom Baldwin can invest $6,300 in the common stock or the warrants of Lexington Life Insurance. The common stock is currently selling for $30 per share. Its warrants, which provide f ...

Call optionnbspcarol krebs is considering buying 100 shares

Call option  Carol Krebs is considering buying 100 shares of Sooner Products, Inc., at $62 per share. Because she has read that the firm will probably soon receive certain large orders from abroad, she expects the price ...

  • 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