The Decisions That People Make Quickly Are Always Wrong Essay Example For College

I totally disagree with the statement that decisions that people make immediately are always wrong. Some decisions need to be made after careful thought, while some decisions have to be made immediately due to the limit of time.

In the real life, people don’t always have enough time to think about what kind of decisions they need to make and how many options they have in order to reach the optimum result. Time does restrain people from making decision after careful of thought. The first case happens in the stock exchange market. The price of stock changes every minute, even every second. The brokers need to make immediate decision to buy or sell. If they spend a long time on making decision, they will lose chance to make a lot of money, the stocks will never be available when they make final decisions. Even though quick decisions might make brokers to lose some money, but there are still 50% chance to make much money. If they don’t make a quick decision and miss the chance, they will never make money.

So from this case, we can conclude that immediate decisions are not always wrong. Another case comes from sports. During the soccer game, the team members usually have been assigned duties and given strategies before the game by the coaches. But during the last 5 minutes, two teams have the same score, one of team must win this game so that they are eligible to attend the semi-final, at the same time the coach of this team has no more chance to give his team member more suggestions. Therefore, the team members need to change their old strategies on their own so that they will have chance to win. But if members take more time than 5 minutes to make decision, they might make a best decision, but this best decision won’t work at all since time is up. They will absolutely lose the chance to win.

However, if they make a quick decision, it is very possible for them to win this game and get into the semi-final. From the above two cases, we can conclude that the statement that decisions that people make immediately are always wrong is not right. Sometimes people need to take the chance to make decision immediately so that they can gain something instead of completely losing.

The Men Who Built America Short Summary

Much credit was given to six men, for creating the foundation of America. The first 4 were Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. Through shipping and trains, oil and its development, steel and construction, and corporate finance, these men constructed the foundation of our country. Through their careers, these men saw much change during prosperous times that effected business then and ultimately in the long run.

Cornelius Vanderbilt was an American industrialist and philanthropist. His claim to fame and fortune was through shipping and railroads, becoming one of the richest men in American history. Vanderbilt took an interest in railroads in the 1850’s and served on the boards of directors of the Erie Railway, the Central Railroad of New Jersey, the Hartford and New Haven, and the New York and Harlem. In 1863, he took control of the Harlem after buying most of its stock and was elected president of the railway. He realized the value of this railroad as it was the only steam railroad to enter the large city of Manhattan and ended up in New York where it connected with other railroads there. He then purchased the Staten Island Railway. Vanderbilt ran into some problems with the Harlem and connecting lines between other railways. But after some trouble, he bought control of the Hudson River Railroad in 1864, the New York Central Railroad in 1867, the Lake Shore and Michigan Southern Railway in 1869, and soon after he bought the Canada Southern railway also.

Vanderbilt then consolidated his two most important railroads into the New York Central and Hudson River Railroad in 1870, making this one of the first large corporations in American history. Just years earlier in 1868, Vanderbilt and Daniel Drew, who had just become treasurer of the Erie Railway, fell into a dispute over control of the Erie Railway Company which owned and operated the Erie Railroad. James Fisk and Jay Gould were brought onto the board and began to conspire with Daniel Drew to water down stock, knowing that Vanderbilt planned to buy the majority of shares of the Erie stock. After losing over $7 million, he ended up gaining control of the railroad after all. In total, he also controlled the Michigan Central Railroad, New York, Chicago and St. Louis Railroad, West Shore Railroad, and more. By the age of 82, his fortune amounted to over $100 million (Stiles).

Vanderbilt handled change very well. Expanding and controlling over 10 railways and making the large fortune that he did shows that he managed slow, methodical change very well. Even though he lost over $7 million in the Erie War, that change did not hardly effect his companies because he controlled so many and between all of them, he managed his losses very well so that it wouldn’t negatively effect his business. John D. Rockefeller was an industrialist and philanthropist and the founder of the Standard Oil Company. This company dominated in the oil industry making him one of the richest men in the world at that time. Rockefeller also revolutionized the petroleum industry.

In 1870 when Rockefeller formed the Standard Oil Company, it quickly became the most profitable refiner in Ohio. Railroads were fighting to ship his product because his company grew to become one of the largest shippers of oil and kerosene. Replacing the old distribution system with its own vertical system, Standard Oil’s kerosene was delivered by tank cars to markets and wagons delivered it to retail customers. At the end of his career once he retired, Rockefeller was worth about $1,500,000,000 (Folsom). For Rockefeller, he planned to change the market with his ways of handling his kerosene and oil business. Once he found the most efficient way to transport his product,

Rockefeller became a billionaire and left other companies in last place. Though the invention of electricity was a huge threat to his company and a huge innovative change, he didn’t allow that to ruin his success. Andrew Carnegie was an industrialist who led the expansion of the steel industry in America. He made his fortune in the steel industry, controlling the most iron and steel operations ever owned by any individual in America. In the 1880’s, his steel company was the largest manufacturer in the world of pig iron, steel rails, and coke. The company had the capacity to produce about 2,000 tons of pig metal per day. In 1892, he launched the Carnegie Steel Company which was combined of Homestead Steel Works and a line of lake steamships which he bought in 1888. In all, by 1889, Carnegie’s empire consisted of Edgar Thomson Steel Works, The Lucy Furnaces, Pittsburgh Bessemer Steel Works, the Union Iron Mills, the Keystone Bridge Works, the Union Mill, Hartman Steel Works, the Frick Coke company and the Scotia ore mines. In 1901, Carnegie was 91 and considering retirement.

He made all the necessary preparations to his end and made negotiations with J.P. Morgan to sell his company. March 2, 1901, the United States Steel Corporation was formed and was the first corporation in the world with a market capitalization over $1 billion (History.com). While Andrew Carnegie was building his steel empire, he realized that in order to exceed production, he would have to make some changes. In 1892, labor declared a general strike in New Orleans as did coal miners in Tennessee, railroad switch-men in New York, and copper minders in Idaho. In order to keep production moving smoothly at Homestead, Carnegie left it up to his general manager, Henry Frick to cut wages and break the Amalgamated Association of Iron and Steel workers, one of the strongest craft unions in the country. Frick’s job was to produce as much armor plate as possible before the union’s contract ran out in the middle of summer. Frick cut wages and extended work hours through brutal, unsafe working conditions. 3,000 of 3,800 of the workers at Homestead went on strike. Frick responded by barricading the plant but the workers still gathered and guarded workers from the plant by threatening to shoot. Shots were fired and after 14 hours of gunfire and the union’s retaliation, 9 workers were left dead or dying, but they claimed victory (PBS.org). These small changes that Carnegie had Fisk make, were changes that ultimately ruined his reputation but also affected the people who worked for his company.

J.P. Morgan was an infamous banker, philanthropist and dominated in corporate finance at his time. What was well known as “Morganization” was Morgan’s process of taking over troubled businesses. He would do this by reorganizing businesses’ structure and management in order to return them to profitability. In 1892, Morgan arranged a merger between Edison General Electric and Thomson-Houston Electric Compnay which formed General Electric. In 1896, Adolph Ochs secured financing with Morgan to purchase the struggling New York Times which eventually set the standard for American journalism. Carnegie also bought out Andrew Carnegie’s steel business, merged it with several other steel, oil, and mining companies and created the United States Steel Corporation (Bowen). Morgan’s area of business was constantly changing. He was involved in the steel, electric, oil, and mining industries and much more. Change didn’t even disturb this magnificent businessman, banker and financier.

Citations

“The Homestead Strike.”PBS.org. PBS, 2009. Web. 11 Oct. 2013.

“Andrew Carnegie.”History.com. N.p., 2013. Web. 11 Oct. 2013.

Stiles, T.J. “Cornelius Vanderbilt.”The New York Times. N.p., n.d. Web. 11 Oct. 2013.

Folsom, Burton. “John D. Rockefeller and the Oil Industry.” Fee.org. N.p., 1 Oct. 1988. Web.

11 Oct. 2013.

Bowen, Liz. “J.P. Morgan: A Biography by Liz Bowen.”Fordham University.edu. N.p., 2013.

Web. 11 Oct. 2013.

Child Support Dodgers Should Go To Jail

Your child(ren)will take the Scantron Performance Series Assessment during the first week of school and again in the spring. This assessment is a standards-based formative, computeradaptive diagnostic assessment. Your child will need to take two assessments; one in math and one in reading. Some schools may also require your student to assess in language arts and/or science.

Performance Series (PS) assessments do not use time limits. As a result the length of time to administer the assessment varies based upon the performance of each individual child. The assessment takes an average of one hour to complete per subject area. However, if a student’s ability level is significantly different than their assigned grade level, the assessment may take longer to adjust for this difference. Students may take longer than one hour to complete the assessment, especially during the first administration of the assessment. Example: a child who is a 3rd grade student, reading at a 5th grade level would experience the following; the child will go through 3rd, 4th, 5th and 6th grade reading material.

The nature of an adaptive assessment is that all students will experience questions for which they do not know the answers (above ability level) in order for the assessment to show the child’s true ability level. When the child takes the next assessment for a second time in the spring, the assessment will know where to begin for each individual child based on their initial assessment and begin where the child left off. Please note: students can and should be encouraged to use the stop button and then resume the test. No student should test over one hour per sitting. Shorter periods are permissible.

Please read the following important information carefully prior to starting the assessment.

Please DO NOT assist your child in answering any questions.

What should I not do as a Learning Coach?

The following types of interactions will not help your child and should be avoided during the assessment:

Please DO NOT:

• Remind your child of the time; the assessment is not timed • Ask your child about the assessment

• Help your child with words or problems that are too difficult for them • Read any part of reading passages to the child

• Help your child narrow their answer choices

• Provide any help with reading passages or question content or meaning • Hover over the child as they are assessing

Additional Information:

• Since the assessment is computer adaptive, each child will receive a unique assessment and the number of items may vary.

• An adaptive assessment adjusts to the child’s ability. No child will take the same assessment.

• If the assessment should prematurely end due to a technical issue, reenter and continue the assessment.

All questions will be multiple choice. Students may and SHOULD use scratch paper for Math, so have pencil and paper available for your child. No calculators will be needed. For the Reading assessment: children should NOT review the questions at the end of the passage prior to reading the passage. They should read the passage first, then click the next button; this will calculate their reading rate. The passage will be visible to the child while answering the questions that follow the passage so they can refer back to the passage with ease.

Your child’s results will go immediately to your teacher. He/she will provide you with your child’s results.

Here is the information that you need to begin the actual administration of your child’s Scantron Achievement assessment. It is important that you read this carefully: Your child’s Site ID, and Student ID are included in this information; they will need this information to access the assessment. Prior to taking a Scantron Asssement please do the following on your computer: Clear Cache and Deleting Cookies You must complete this between each assessment administration (Reading and Math).

Taking a Performance Series Assessment

Please read carefully

1. Go to http://www.edperformance.com

2. Click either math or reading

3. Enter the Site ID (must use hyphens): 91-6406-5423 Then click Next 4. Choose a subject area and click Next

5. Enter your student ID (must use hyphens): (This number has been included in the kmail.) 6. Read any instructions

7. Read each question and choose an answer and click NEXT

Please note:

If you need to stop the assessment click STOP, the test will resume where you left off. Please feel free to use the stop button. If you have technical issues, the test will stop and should resume where you left off.

If the question contains a story, be sure to click NEXT as soon as you finish reading. The story stays on the screen for you to view as you answer the questions associated with it. If you don’t pick an answer before you click Next Question, the computer will remind you to choose an answer before going to the next question. You cannot skip a question in the Performance Assessment. ALL STUDENTS will receive questions for which they do not know the correct answer. You should make their best effort. The assessment will not end until you experience questions you cannot answer correctly. It’s very important for you to do their best and answer everything carefully.

8. When you finish the questions, the assessment lets you know you are done. Click ‘Done.’ Your teacher will provide you with your assessment results at a later time. You received an email with your child’s Scantron login information included. If you have any further questions please contact your teacher.

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