Which of the following correctly characterizes the reactivity and/or use of free radicals?

Free radicals are used in the conversion of liquid resins into solid plastics.

Free radicals are generally stable molecules found in the human body.

Free radicals are essential to repair damaged DNA in the human body.

Reaction of free radicals with other materials often leads to color staining on those materials.

To get a sense of evolutionary time scales of cells, it is useful to draw an analogy with human time scales. If the age of life on Earth is analogous to one year, what would, proportionally,various other time scales be alalogeous to? Specififcaly, the times since the origin of animal life? Of primates? Of the genus Homo? Of civilization? Since the extinction of dinosaurs? A human life span?

As an exercise in your human development class, your teacher proposes a new theory of personality development. She states that personality is markedly different in adulthood than in childhood, is completely determined by the environment, and develops pretty much the same across cultures. Describe the three recurring issues in human development and where this new theory stands in relationship to these three issues.

1. Suppose people always do what they want to do. Is that enough to show that psychological egoism is true? Why or why not?

2. Psychological Egoism is not an ethical theory, but a descriptive view of human behavior which states that human beings always act in their own self-interest. Given this, how might the truth of psychological egoism have implications for ethics?

You have prepared your credentials and researched the company you want to work with. It is time to look at the specific human resource issue facing the company. Review the article for the company you have selected and answer the following questions:

1)What is the human resource issue facing the organization?

2)How does this issue affect the company’s bottom line?

do you think there are purposes to which we might put a human being which in simply doing them would violate or harm the human being in some fundamental and/or significant way? Why or why not? Would such violations or harms constitute a limit to our purposes? Would such a “limit” obligate us to act in certain ways and avoid other actions

1. First example where Technology enables us to change our environments. Discuss how can this be a H2M relationship that is Symbiotic and cooperative.

2. Second example where Technology changes us and drive us to change ourselves and our behavior as humans. Discuss how can this be or become a Human to Machine (H2M) confrontation and a clash of human vs. machine

Machine guards are barriers used to prevent the entry of any part of the human body into the moving equipment. Safety devices are controlling devices that stop or interrupt the machine’s operation when a part of the human body accidentally touches the machine. Write a short note on it various types of machine guard and sensors used in oil and gas industry (each 2.5 marks).

Now that you are thinking about graduate school and signaling vs. human capital; What do you think explains the fact that law schools accept students with a wide array of majors while medical school typically requires students to have a specific science based major? Write a brief response using the language of signaling vs. human capital.

Bank Balance Sheet (Note: Use this information for all three problems)

Appendix 23A

Item                             Amount            Duration       Interest Rate       

Cash-type Securities       $50m                1.2 year             2.25%

Commercial Loans          $100m             2.4 years           4.50%

Mortgages                     $350m             8.0 years           6.50%

Core Deposits                $270m             1.0 year             2.00%

Notes Payable                $180m             2.0 years           4.50%

APPENDIX 23A.1-

Change E= -(Da-kDl) * A * Change R/ 1 +R

Change E= Change in FI Net Worth

Da- Duration of asset portfolio

Dl- Duration of liability portfolio

K- Ratio of an FI's liabilties to assets

A- Size of FI's Asset portfolio

Change R/1+R- Shock to interest rates

3. Off-Balance sheet futures hedge (Use balance sheet information above, 8 points)

T-Bond futures contracts for the delivery of $100,000 face value are trading at 102-16, and have a duration of 9.50 years. This problem is based on the material in Appendix 23A: Hedging with Futures Contracts.

a. What is the total dollar price of each futures contract (P_F)?

b. For this bank to achieve complete immunization, solve for F (total dollar value of futures contracts to immunize). Note: We don’t know the number of contracts yet or a specific interest rate change, so that information should not be used to solve for the dollar value F. Use only the information provided above to solve for F.

c. Using F from part b above, solve for the number of T-Bond futures contracts needed by this bank to hedge the interest rate risk (round to the nearest whole number of contracts).

d. Explain in a full essay what risk this bank faces, what position this bank would take on the T-Bond futures contracts to hedge against the interest rate risk it faces, why it would take that position, and graph that position in a fully-labeled futures payoff diagram.

Assume average interest rates rise from the original level of 6.0% to 7.50%.

e. Calculate the on-balance sheet change in the bank’s value (ΔE), and specify the sign (positive or negative)

f. Calculate the off-balance sheet change in the value of the futures contracts (ΔF), and specify if it’s a gain or loss.

g. Assume you are a financial analyst and risk management specialist for the bank above. Write a full, complete, and convincing essay (executive summary) of at least several complete paragraphs to your company’s CEO that summarizes the main conclusions from this third problem, and specifically refer to your numerical results from parts e and f.