Race and Genetics Essay Example | Topics and Well Written Essays - 1000 words

Race and Genetics - Essay Example Since then it has been a subject of debate whether these differences have a genetic basis. 'The high habitability of intelligence and the difficulties of formulating credible environmentalist explanations' have been pointed to explain the difference. Jensen, A. Robert. Intelligence, Race and Genetics. (1999). West View. The arguments by Jensen that intelligence is largely due to hereditary, including racial heritage raised a lot of discussion. Some of the explanations given by the environmentalists include, bias in the tests, the adverse social and economic living conditions of the blacks, discrimination and prejudice and the historical legacy of the slavery, which has demoralized blacks. (Flynn, 1980) Flynn, J.R., Race, IQ and Jensen. (1980). Routledge & Kegan, P. Sarich (2004) made cogent arguments that white race and racial differences are real. He said that the race as a concept is older than the Colonial Europe. Differences in intelligence correlate to the concept of race. Sarich, V. The Reality of Human Differences. (2004). West View Press. Rushton has divided the population in three groups. Africans and Negroes in one group are referred as blacks, Europeans as whites and East Asians and Mongolians in one group as Orientals. He believes that the race differences start in the womb. The blacks are born earlier and grow quicker. They also achieve a faster sexual maturity, family stability and population growth.Rushton, J. Phillip. Race, Evolution and Behavior. A Life History Prospective. (1997).Transaction Publishers. Rushton describes studies that show a consistent pattern of human racial...Since then it has been a subject of debate whether these differences have a genetic basis. 'The high habitability of intelligence and the difficulties of formulating credible environmentalist explanations' have been pointed to explain the difference. Some of the explanations given by the environmentalists include, bias in the tests, the adverse social and economic living conditions of the blacks, discrimination and prejudice and the historical legacy of the slavery, which has demoralized blacks. (Flynn, 1980) Sarich (2004) made cogent arguments that white race and racial differences are real. He said that the race as a concept is older than the Colonial Europe. Differences in intelligence correlate to the concept of race. Rushton has divided the population in three groups. Africans and Negroes in one group are referred as blacks, Europeans as whites and East Asians and Mongolians in one group as Orientals. He believes that the race differences start in the womb. The blacks are born earlier and grow quicker. They also achieve a faster sexual maturity, family stability and population growth. The Orientals on the other hand have the largest brains and IQ. The difference in the race is both due to genes and environment.

Capital budgeting Essay Example | Topics and Well Written Essays - 500 words

Capital budgeting - Essay Example In addition, NPV approach provides a clear indication on how the profits will be obtained, unlike IRR and payback approaches. Therefore, the NPV is the most useful tool in project valuation (Arthur, 2014). Of the three techniques (NPV, IRR, and payback period, the least useful tool to use is the IRR, because discount rate has an inverse relationship with NPV. When NPV continues to increase, the anticipated future cash flows become less valuable and hence making IRR least useful tool to use in project valuation. On the other hand, payback approach is the second least useful tool to use after IRR. The Payback period indicate how long the cash flow obtained from the project will recover the initial capital outlay. In addition, the payback period fails to indicate the amount of cash flow to be generated from the project. However, it is the simplest method of calculating project forecast (Arthur, 2014). The answer would not be the same because a negative NPV will be obtained when cost of capital increases from 14% to 25%. It means that as the cost of the capital increase the return obtained from the project decreases significantly up to a negative (Peterson & Fabozzi,2002). Such decrease makes the project un-profitable and, therefore, it is advisable for the EEC not to invest when cost of capital increases to 25%. If EEC did not save an even cash flow of $500,000 per year, the answer would be the same.The least amount of investment that would make this investment attractive to EEC is $100,000. From the above scenario, the EEC would be willing to pay the supplier $2000, 000. The president of EEC should be aware that if the cost of capital increases as discussed above, the underlying effect is a negative NPV. It means that the project will be no longer profitable to the company (Arthur, 2014). If the expected savings are less than $500,000 per annum, it will be difficult for the ECC to pay its supplier a capital of $2000, 000, and