Tests for assessing infants and young children Research Paper

Tests for assessing infants and young children - Research Paper Example This score is intended to give the person assessing the child the clue about the child behaviors or capacity of knowledge tested. The assessment of infants can take a wide range of area. This area can be a child reasoning capacity which is mainly depicted, through the child’s ability to answer the aptitude tests. In this research paper, the children were assessed to their capacity on thinking and acting on different situations (intelligence). Their intelligence here is tested to verify their ability to act or behave under different circumstances. The age group in this research was children between the ages of two to five years (2-5). This Age group was chosen because the children here can be able to think and act accordingly when under some problem or situation. These children also are in the age bracket whereby one expects to see normal behaviors. The purpose of carrying this research is to have the accurate information about the best age range for a child to be taught new skills like school work. The research intended to give the best information on the ground and form of assessment needed by a child. In this assessment, two types of assessment were used to test the infants. The two methods used include informal assessment and formal assessment. The description for methods to be’ used in this research is discussed below. Formal assessment is whereby normal referenced tests are standardized. The normal, formal procedures are carried out to administer some form of tests to the infants. The results are timed and scores recorded. The results obtained are normalized and counter checked with a representative sample of the same age level of students in class, so that other final test results can be analyzed to students of similar characteristics. The results show the children relative performance and behavior. The tests must be brought to a context in the records to ensure accurate and reliable information is gotten. The formal assessment

Managing Financial Risks Within Event Industry Essay

Managing Financial Risks Within Event Industry - Essay Example The methodology revolved around a survey of past and recent literature on financial risk management in the event industry. The study found out that cost-cutting measures and strategic investment are key strategies that feature in many of the risk management methods in literature. Introduction The element of risk in the event industry is one of the factors that continue to attract the concern of managers, financial analysts, and financial managers. The industry is one of the most challenging in the sense that it concerns itself with fluid and flexible systems that are dependent on uncertain realities in the field of investment (Robinson, Wale, & Dickson, 2010). As such, the event industry has a higher element of risk when compared to the other industries. Many companies have suffered significant losses, drops in financial positions, and even permanent closures due to the unpredictable and risky aspects of the industry (Raj, & Musgrave, 2009). The element of risk arises due to multiple factors including hostile operating environments, rising costs of logistics, changing preferences of the clients, and adverse regulatory practices (Pelham, 2011). In order to shield themselves against the adverse effects of the global markets, many players in the industry have devised various financial management strategies that range from cost-cutting measures to enhancement of the efficiency of processes within the industry. Some of the financial management strategies have proved highly effective while others fail to produce significant results in terms of reducing the element of risk (O'Toole, 2002). However, the dominant methods of risk management are related to the need to develop both long term and short term strategies that can help revamp the state of the economy in ways that are both effective and strategic (Robinson, Wale, & Dickson, 2010). The methods employed by the different companies often serve as the competitive advantage as they enable the companies to operate at h igher levels of profitability in ways that safeguard against negative effects on the business environment (Anderson, 2010). As such it becomes necessary to regard the operations of these companies within the manner in which they enable the determination of value and other systems of performance. Renowned companies in the event industry such as 3D Exhibits, Aspen, BroadStreet, Event Marketing Strategies, and EWI World Wide have managed to survive adverse market conditions through a range of strategies that enhance and strengthen their internal systems. In order to survive inflationary pressures and the effects of competition, some companies have changed their ways of operation by diversifying into various fields. Companies have added the range of services as a way of increasing the flow of revenues while reducing the overheads incurred in the running of the business processes (Robinson, Wale, & Dickson, 2010). As such, it becomes important to consider the fact that most of the strate gies connected with the objective of lessening the element of risk are determined in accordance with the type of the event company. Other determinants are the level of competition, the nature of the market, and other external and internal factors that relate to the determination of performance within the industry (Robinson, Wale,