buy custom General and Special Education essay

buy custom General and Special Education essay The purpose of this paper is to compare two instructional objectives topics. In this case, the paper seeks to compare how general education and special education teacher ensure that the student acquire the necessary life skills and literacy. Teachers decide on a number of issues in their everyday instruction that affect the learning of students. The differences in teaching materials, instructional activities, as well as means of assessment render it indispensible for teachers to design and implement instructional objectives. Second grade general education teacher, is a trained teacher who can instruct well the students without any disability whereas a special education teacher is one who is trained on how to instruct both youths and children with a range of disabilities (Tickle, 2002). The objective of both teachers is to ensure that the students acquire the necessary life skills and literacy. Instructional Curriculum Both the special education and the general education teachers will have to modify the existing curriculum of general education to suit the students needs and to ensure that the requisite remedial instruction is provided. In addition, the general education teacher will have to adjust the techniques used to facilitate learning to accommodate the needs of the student with disability. This will include the use of techniques such as intensive individualized tutoring, small group work and problem-solving coursework (Corte Verschaffel, 2006). With the tremendous growth in technology and its extensive use in special education, general educationist will have to incorporate the use of computer softwares as part of the curriculum materials. The familiarization will involve both the know-how and the installation of the software in their computers. For a special educationist, the curriculum will be individualized through the development of IEP (Individualized Education Program). The program puts into consideration the needs of the student and set goals to be achieved and how it should be achieved. Environmental and social factors will be the determining factors of future education. This implies that future curriculum will incorporate community needs since learners are part of the society together with the business world. The curriculum will also include skills such as problem solving. This implies that those skills that are required in solving educational problems should be part of the curriculum. The content of the future curriculum include futuristic education, immigrant education, electronic education, technical literacy, lifelong learning, international education, environmental education, nuclear education, health education and physical fitness, middle-grade education, aging education and for-profit education (Sugrue Day, 2002). The teachers role will change from providers of information to facilitators. With technology the way individuals work is modified, hence, the future curriculum should incorporate societys lifestyle, how learners feel as well as how they learn. Tea chers will play a primary role of instructional managers. The school curriculum represents work in progress involving a considerable number of stakeholders inside and outside the educational setting. Administrators, parents, businessman, students, community representative and teachers are among those who are responsible for curriculum development and design (Taylor, Marienau Fiddler, 2000). Identification of special needs General educationist identifies the needs of a student with disabilities either through observation or the parents worry about the child. Observations are based on monitoring their progress. When the achievements of the student are far below the expected it indicates a sign of disability. The special educationist will identify the special needs of student by use of early intervening services (EIS). The services include the use of screening tests. This will help in the identification of difficulties such as behavioural and learning or physical and sensory problems. There identification may be based on the students medical history. Methods of Assessment In order to facilitate the students with disability take a test, various techniques have to be used. For a general educationist, he/ she can give additional time during a test for those with disability or opt to read the material orally. This will make it easier for the disable to take an exam. Their assignments will also be simplified and shortened. Modification refers to changing the curriculum a bit to fit the needs of those with disabilities. In a broader sense, it means alternative assessment. For the general educationist, they give alternative assessment for the disable unlike the special educationist who administers assessment using the designed curriculum (Gronlund, 2009). How to support and meet the needs of students with disability Instructional accommodation will arise during the execution of the normal curriculum or when taking a test. For a general educationist to fully accommodate the needs of a student with disability, he/ she have to follow a developed IEP (Individualized Education Program). In the process, the general educationist will thrive to attain the set and tailored goals of the student. The program also incorporates the necessary steps to prepare well the student for middle school or for youths job or after secondary study. A general educationist should follow these steps. For the general educationist to support the IEP, he/she ensures that relevant materials and programs are available and the expertise of a specialist utilized (Rosenberg amp; McLeskey, 2008). The learner with disability should be given the required materials like computer, joystick among others to facilitate their learning process. All these can be accomplished if there is willingness to assist on the part of the educationist. O n another hand, special educationist develops the students IEP to suit the inabilities. In addition, they design and instruct appropriate curricula and assign work that perfectly matches the student disability. The teachers have to participate during the process of reviewing the IEP to best suit the student special needs. They also play a core role in the development of the appropriate behavior of the students with disabilities, socially and academically. This will help them to grow emotionally and interact well during social situations. The accommodation in broader sense will include the preparation of the disabled to face their future. This involves the provision of guidance and counselling together with life skills. These services will make it easier for the disable to lead a well-organized and better life after the schooling. The modifications should not lower the standards and expectations by which the students are evaluated. The modifications will have a change of the content, delivery and instructional levels (Kumar Bindhu, 2002). In addition, teachers participate in modification of the education system. The education system in the United States has undergone radical changes since the year 1940. The developments in the system have seen the country throughout its continued search for a curriculum that produces globally competitive graduates. The realization of the success has been made possible by the efforts that different stakeholders have undertaken to ensure reforms are implemented in the system. Their support extends to their willingness to provide financial support and involvement in different partnerships whose chief objective is to ensure success prevails among students. The education system has transformed the current dynamic society we are living in today, with its unrelenting pronounce of an integrated and equal society. This is evident with the eradication of aspects such as discrimination (Mertler, 2009). Discipline The special education teachers administer discipline for the disable through the BIP (behavioural intervention plan). On the other hand, general educationist administers discipline in reference to the IEP. Another consideration will be based on whether the behavior is a manifestation of disability or it is not. In case of a behavioural problem, that is not a manifestation of disability; the student will be punished just like the other students (Gronlund, 2004). Encouragement of students with disability For a general educationist, a student with special needs can be encouraged through guidance and capacity building. This will provide the student with the opportunity to perform his/ her functions without difficulty. On another hand, special educationist will encourage the students through equipping the student with life skills so that they can be people who depend on themselves. Inclusion and remediation General educationist take on inclusion is that it will create an opportunity where the existing social stigmas are reduced and student achievements improved. For a special educationist inclusion will limit the student from getting the required attention and practical skills. Laws governing instructional behaviour General education and special education teacher instruction are govern by laws. Laws can be defined as the body of rules and regulations that govern an individual conduct. For this case, we look at those laws that regulate the conduct of both teachers when they are discharging their duties. The government or state has the sole authority of setting or putting in place laws that govern teachers behaviour. In the United States, the National Education Association is responsible for laying down the laws to be adhered to by teachers during their work time. When adequate legislations are put in place, the education system will run smoothly and satisfying performance could be attained. The teachers are made aware of the penalties that their negligent behaviours could attract. The breach of the code of conduct normally attracts attention from the teachers governing body, and their redress may not be well with the accused teacher. The presence of the law helps to trim the way teachers carry th emselves. This is based on the provision that in instances where the teacher proves to be incompetent, the law provides for the suspension of the teacher (Hammond Bransford, 2005). The laws are put in place with the main objective of improving teacher-student relationship. The law stipulates how the teacher should relate well with the student. When the code of conduct provisions are adhered to fully the academic excellence of the students will be improved. The laws governing teachers will ensure that the teachers act reliably and professionally when associating amongst themselves as well as with students. This ensures that the students attain quality education and there is free flow of information that is relevant to the existing body of knowledge among the teachers. Where laws are clearly stated and outlined, the rights of students and teachers are well protected and confliction of the rights minimized. The teachers will be well aware of what they are required of them, hence maximum and respective services rendered (Mamlin, 2012). This will see the education system and performance undergo full vertical transformation. Learning styles In the same line of thought, learning style of both second grade and special education teacher encompasses individual physiological, cognitive, and affective behaviour processes. These processes represent more or less established indicators of how individuals perceive, relate, and react to learning opportunities. Learning styles are more or less permanent individual attributes that are not acquired easily. Consequently, a great deal of educational and psychological research has been devoted to the identification of learning styles and the relationship of personal differences to effective learning (Lindberg, 2007). In general, learning style researchers believe that curriculum and instructional strategies should be adjusted or tailored to individual learning styles. Learners who receive instruction adapted to their personal learning styles obtain higher test scores and more eagerly seek to learn and develop. In contrast, a disparity between learning style and instructional strategy fr equently causes both the teacher and the student to feel frustrated and aggravated. Finally, research findings suggest that the socio-economic, ethnic, and cultural environment of students need to be considered when identifying learning styles and planning instructional strategies (McKenzi Santiago, 2005). Learning theories It is important to examine some of the theories that have been developed in relation to how individuals learn, and are applicable in the achievement of instructional objectives. In this context, learning theory scholars have long examined how individuals learn. For example, developmental learning theories hypothesizes that learning occurs incrementally as an individual matures cognitively, emotionally, and physically. According to behaviourist learning theory, learning is demonstrated through behavioural changes that occur in the learners response to stimuli in their environment. Cognitive learning theories are concerned with how the brain processes and stores new information. Adult Learning Theory (andragogy) assumes that adults have learning needs that are unique from those of children and that adults prior experiences influence their learning (DeVries, 2002). Learning theory scholarship represents an effort to comprehend and describe how individuals learn. Three of the most widely recognized learning theories include: developmental learning theory, behaviourist learning theory, and cognitive learning theory. Apart from this point, there is the developmental learning theory. The foundation of developmental learning theory is the idea that learning occurs incrementally as an individual matures cognitively, emotionally, and physically. In general, developmental theories comprise the following fundamental principles: (a) Every healthy human being goes through specific stages of development, (b) Instructors should respect individual differences, which are a product of the individuals stage of development, (c) Instructors should pay attention to the strengths and limitations of students at different stages of development, (d) Teachers need to evaluate students developmental readiness to read and write, and (e) Teachers need to deliver instructi on appropriate for the students level of development (Day, 1999). The theory of adult learning, which is termed as andragogy is different from pedagogy, the traditional method of educating children, and addresses the following six attributes of the mature student: (a) the students need to know, (b) the students self-concept, (c) prior experience, (d) readiness to learn, (e) orientation to learning, and (f) motivation. The theory assumes that mature students participate in educational environments in order to satisfy an existing need (Spinelli, 2006). Moreover, adult learners have a wide variety of prior experience that will influence their learning. According to the adult learning theory, the instructor should acknowledge the needs and accumulated learning of the adult pupil and implement a collaborative classroom in which the instructor and student learn from one another. By so doing, the learning of the student will be made easy. Conclusion Special education and the general education teachers will have to modify the existing curriculum of general education to suit the students needs and to ensure that the requisite remedial instruction is provided (Arunachalam Gopal, 2010) . Learners who receive instruction adapted to their personal learning styles obtain higher test scores and more eagerly seek to learn and develop. In contrast, a disparity between learning style and instructional strategy frequently causes both the teacher and the student to feel frustrated and aggravated. In addition, the government or state has the sole authority of setting or putting in place laws that govern teachers behaviour. In the United States, the National Education Association is responsible for laying down the laws to be adhered to by teachers during their work time. Learning style of both second grade and special education teacher encompasses individual physiological, cognitive, and affective behaviour processes. These processes represent more or less established indicators of how individuals perceive, relate, and react to learning opportunities (Day, 1999). Learning theory scholars have long examined how individuals learn. For example, developmental learning theories hypothesizes that learning occurs incrementally as an individual matures cognitively, emotionally, and physically. According to behaviourist learning theory, learning is demonstrated through behavioural changes that occur in the learners response to stimuli in their environment. Cognitive learning theories are concerned with how the brain processes and stores new information. Buy custom General and Special Education essay

Awesome Jobs with Good Work Life Balance [Infographic]

Awesome Jobs with Good Work Life Balance [Infographic] So you want to have your life and live it, too- that doesn’t seem too much to ask, right? Yet some people seem to think career success comes at the steep price of giving up fun, family, and friends. Not so! Read on to find out how you, too, can attain that mythical and coveted â€Å"work-life balance† you’ve heard about, but never actually found. It’s there for the taking, really. You just need to know where to look.

Reports of Digital Investigations to Management Essay

Reports of Digital Investigations to Management - Essay Example Certainly, digital forensics investigations are time-consuming and resource-consumptive but are integral to the continued securitization of an organization's data and the protection of both its customers and its market status. Following a brief overview of the type of information which Digital Investigation Reports are expected to contain, this essay will examine the question of what organizational managers expect to see in these reports and why. Jones, Bejtlich and Rose (2005) explain that there are several types of digital investigation reports and the structure and content of each is ultimately determined by the person they were written for. If directed to either the IT Manager or the organization's Chief Security Officer, they are extremely detailed. The reports will, customarily, include all the relevant information surrounding the incident, the tools which were used to detect the penetration or attempted penetration, its consequences and the technologies employed for the investigation of the incident. The results of the investigation are comprehensively detailed. ... Digital investigation reports which are forwarded to the organization's Legal Department are similar to those composed for the Finance and Accounting departments (Jones, Bejtlich and Rose, 2005). As indicated above, the composition of digital investigation reports is a complex and complicated process. This is not simply because of their intricately detailed nature but because several reports are generated and the style and content of each differs according to intended recipient. 3 Reports to Management Digital Investigations Reports addressed to management are, quite possibly, the most important of all the digital forensic reports prepared by the organization. The reason, as explained by the IT Director, is that the organization's top management are its decision-makers; they allocate the budget and resources necessary for such investigations and, importantly, make the decision on follow-up action. These reports tell management what happened, the extent of the damages, if any, and why the incident occurred in the first place. Importantly, these reports may also contain suggestions for the avoidance of future incidents. From the IT Director's perspective, the reports addressed to management are intended to provide them with the information needed for them to arrive at a decision on future action and reaction. Stephenson (2003) similarly emphasizes the importance of the digital investigation reports submitted to management. As he argues, the information contained in these reports undoubtedly influence management decisions regarding subsequent action. For example, if the investigations revealed the incident to be serious and

Value Chain Model for PSU in Order to Receive Raw Materials from South Research Paper

Value Chain Model for PSU in Order to Receive Raw Materials from South Korea and China - Research Paper Example Having a shared vision enables the workers in all the locations to collaborate in delivering value. The process of receiving spare parts, storage, general inventory control, shipping scheduling should be managed with an aim of cutting any time delays. Immediately an order is registered, a process of simulation from the production plant should be initiated. 1.4 Operations. The assembling, packaging, equipment maintenance, product-testing as well as other activities must be streamlined with an aim of creating efficiency in delivering the final desired product. In fact, all necessary output measures should be aimed at enabling workflow as well as delivery performance to include dependable stock safety levels to avoid delays and understocking. This is where a forecast comes in to ensure the scheduling of end items. In reference to the activities needed to deliver goods to the market, the different locations need to share information as well as to operate in guidance by same policies so as to translate their cooperation into a synergetic relationship. Other areas of key concern are ordered fulfilment, the logistics involved in shipping as well as Material Requirements Planning or Distribution Requirements Planning system. By using a centralized in-formation model any demand changes will be detected well in advance and preemptive measures taken in advance. There need to be many resources committed to wooing buyers to purchase the cutting technology product. On top of that, how the distributors and dealers are selected goes a long way to determine whether sales targets will be achieved or not.  

Decision-Making Process Essay Example for Free

Decision-Making Process Essay Decision-making is a part of everyday life. One must decide on a daily basis; which route to take to work, which has less traffic, coffee or breakfast, or if the morning routine is altered by unexpected situations, which way to continue with the day ahead? According to Bateman and Snell (2011), the ideal decision-making process includes six stages; (1) identify and diagnose the problem, (2) generate alternative solutions, (3) evaluate alternatives, (4) make the choice, (5) implement the decision, and (6) evaluate the decision (p. 89). The process does not have to be thoroughly explained to realize many of the decisions one takes goes through these stages or some of them. One of the types of decisions one must carefully think and analyze before irrationally taking the plunge would have to be the purchase of one’s home. This type of decision is a very long-term commitment and a bit expensive. However, if properly acquire the decision; it is very worth-while. Buying a house or home starts at stage 1; one starts with identifying the problem or in this case the â€Å"wanting† to buy something to call home. It then follows to stage 2: generating alternative decisions. Stage 2 one is able to question if the house is really necessary. There are many suitable apartments and housing options as well. In this stage one also gets to question and calculate if it is within budget or if not, what one will have to do to be able to purchase the house. Once the financial side of the situation is evaluated and one still would like to continue it rolls into stage 3. Stage 3 consists of evaluating alternatives. In this stage one can go through the process of seeking locations, areas and house plans to choose what best fits with the ideal perfect home. This stage also allows to pick and choose what is best suitable for your home and knowing if there will be an upgrade made and changing the original price of the house. Staying with two suitable options and deciding from them will glide one to the next stage. Yes or No, Stage 4 is the decision-making part of the process. Once it has been decided to buy the house, the decision is implemented, Stage 5. Starting the necessary contracts and paper work to make this house one’s new home. The last step of the decision-making process is to evaluate the decision. In Stage 6 consists of one finalizing the process and setting down the last signature on the paper work and/or putting the down payment out on the table. In this type of choice all the steps in the decision-making process were followed. Nothing could have made it easier. As one can see the purchase of a new home, car, changing jobs and/or even choosing what school to send children to takes a decision-making process. Not all the steps are needed in some cases but some steps are automatically done like choosing alternatives.

What Were The Causes Of The Russian Revolution Essay -- essays researc

Before the war. Before the war, there were lots of problems which led up to the revolution and we call them the long term causes. The peasants working and living conditions were very bad but the government made it even worse by its own policies. Russia needed to develop its industries, so that it was a modern agricultural country instead of a backward one and also to remain in an important military power. To aid this dilemma the government invested in enormous amounts of money in improving Russia’s industries. Where did most of this money come from? From the pockets of the people in Russia! To do this, the peasants had to pay huge taxes not only on grain but on nearly all everyday items such as alcohol and salt! Nevertheless, the workers’ wages still stayed very low and did not increase much at all as the government wanted to squeeze the people for every penny they could get to put into industrial development. Soon later, all seemed well, iron and steel industries grew rapidly but then thousands of workers lost their jobs. This was a cause for strikes and rebellions against managers and the government. Also, things were not going very well in the country side. As if being taxed for all you were worth wasn’t enough, there were very bad harvests for a couple of years so now they were starving as well! To return the favour, the peasants became violent and started to burn landlords’ houses. Then the Tzar went to war with Japan which he thought would make the public believe in the government again. However, it backfired on him and caused all the same problems again but by a greater degree. That really infuriated the people! Leading up to the war the peasants and workers still had: *Inadequate clothing *Insufficient and unhealthy food *Long, hard hours at work *Inadequate housing/shelter *Self-made entertainment *Impoverished standard of life *Very low quality of life *Age of death-early 20's-30's. These were the huge differences in the quality of life between the rich and the poor as the rich had: *More than adequate clothing *More than adequate food *Lived on rising and unearned income *Entertainment was provided for them *Excellent standard of life *More than excellent quality of life *Age of death-late 50's, 60's and above In these years leading up to the... ...t. On the 12 March, soldiers refused to fire on crowds, some regiments shot their officers and joined in the demonstrations. They had had enough of the war and the way they were being treated! The soldiers joined the strikers and the women in the streets marched to the Duma to demand that they take control of the government. I think that this was a major turning point. In my opinion it would have taken a much longer time to overthrow the government without the soldiers joining in!! Conclusions. In my opinion, most of the above issues are long term causes, the short term ones were about the lack of equipment and hospital facilities, the incompetence of the officers, inadequate armour, weapons .etc., the massive loss of life and the 25% desertions!! In my opinion, it was not the Tzar’s fault intentionally to be a bad leader. It was his predecessors who did not train him properly. If they had really cared about what was to happen after they had died they would have done something about bringing up proper leaders. I think that they were very careless about choosing leaders but I also feel very sorry for the Tzar, it was NOT his fault!! What Were The Causes Of The Russian Revolution Essay -- essays researc Before the war. Before the war, there were lots of problems which led up to the revolution and we call them the long term causes. The peasants working and living conditions were very bad but the government made it even worse by its own policies. Russia needed to develop its industries, so that it was a modern agricultural country instead of a backward one and also to remain in an important military power. To aid this dilemma the government invested in enormous amounts of money in improving Russia’s industries. Where did most of this money come from? From the pockets of the people in Russia! To do this, the peasants had to pay huge taxes not only on grain but on nearly all everyday items such as alcohol and salt! Nevertheless, the workers’ wages still stayed very low and did not increase much at all as the government wanted to squeeze the people for every penny they could get to put into industrial development. Soon later, all seemed well, iron and steel industries grew rapidly but then thousands of workers lost their jobs. This was a cause for strikes and rebellions against managers and the government. Also, things were not going very well in the country side. As if being taxed for all you were worth wasn’t enough, there were very bad harvests for a couple of years so now they were starving as well! To return the favour, the peasants became violent and started to burn landlords’ houses. Then the Tzar went to war with Japan which he thought would make the public believe in the government again. However, it backfired on him and caused all the same problems again but by a greater degree. That really infuriated the people! Leading up to the war the peasants and workers still had: *Inadequate clothing *Insufficient and unhealthy food *Long, hard hours at work *Inadequate housing/shelter *Self-made entertainment *Impoverished standard of life *Very low quality of life *Age of death-early 20's-30's. These were the huge differences in the quality of life between the rich and the poor as the rich had: *More than adequate clothing *More than adequate food *Lived on rising and unearned income *Entertainment was provided for them *Excellent standard of life *More than excellent quality of life *Age of death-late 50's, 60's and above In these years leading up to the... ...t. On the 12 March, soldiers refused to fire on crowds, some regiments shot their officers and joined in the demonstrations. They had had enough of the war and the way they were being treated! The soldiers joined the strikers and the women in the streets marched to the Duma to demand that they take control of the government. I think that this was a major turning point. In my opinion it would have taken a much longer time to overthrow the government without the soldiers joining in!! Conclusions. In my opinion, most of the above issues are long term causes, the short term ones were about the lack of equipment and hospital facilities, the incompetence of the officers, inadequate armour, weapons .etc., the massive loss of life and the 25% desertions!! In my opinion, it was not the Tzar’s fault intentionally to be a bad leader. It was his predecessors who did not train him properly. If they had really cared about what was to happen after they had died they would have done something about bringing up proper leaders. I think that they were very careless about choosing leaders but I also feel very sorry for the Tzar, it was NOT his fault!!

Good vs Evil in the Last of the Mohicans Essay

In â€Å"James Fennimore Cooper’s† novel The Last of the Mohicans, the characters Hawkeye and Magua, shows a perfect example of good versus evil. Their chance meeting in the wilderness brings the two men together and ultimately ends in a battle of wills. As in many novels, good sometimes wins over evil. Hawkeye and Magua are alike in many ways. These two men are the main characters in the novel of â€Å"James Fennimore Cooper’s†. Hawkeye and Magua are considered heroes, good scouts, and excellent hunters. They both have special interested in the two sisters, Cora and Alice. They have earned respect from their own tribe. In the novel of The Last of the Mohicans, Hawkeye is the main protagonist. He was adopted by the tribe and lives amongst the Indians. Hawkeye can never look Indian, since he comes from European blood, but he dresses, talks and respect the laws of the tribe. Hawkeye is a good man with lots of qualities. In the other hand, Magua is a Chief in the Huron tribe. Magua’s nature is the complete opposite of those in the Mohicans’s tribe. He is a villain because the pain he suffered from the loss of his family in the hands of the Europeans. Magua dies in the end of the novel by the hand of Chingachgook, the adoptive father of Hawkeye. In conclusion, these two characters represent the good versus evil in the novel The Last of the Mohicans. It shows again the tremendous differences between right and wrong. Hawkeye and Magua, two different characters represent a perfect example of good hero and a deprivable villain.

Dhaka Stock Exchange Collapse of 2010â€2011 Essay

Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country. As of 18 August 2010, the Dhaka Stock Exchange had over 750 listed companies with a combined market capitalization of $50.28 billion. 1.1 History First incorporated as East Pakistan Stock Exchange Association Ltd in 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd in 23 June 1962. Again renamed as Dacca Stock Exchange Ltd in 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated in 10 August 1998 and started on 1 January 2001. Central Depository System was initiated in 24 January 2004. As of November 16, 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in the first quarter of 2011. 1.2 Formation Dhaka Stock Exchange (DSE) is a public limited company. It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company is Tk.  500,000 which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to stock market rule only members can participate in the floor and can buy shares for himself or his clients. At present it has 238 members. Market capitalization of the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $27.4 billion on Dec 9, 2009. 1.3 Management The management and operation of Dhaka Stock Exchange is entrusted on a 25 members Board of Director. Among them 12 are elected from DSE members, another 12 are selected from different trade bodies and relevant organizations. The CEO is the 25th ex-officio member of the board. The following organizations are currently holding positions in DSE Board: Bangladesh Bank ICB President of Institute of Chartered Accountants of Bangladesh President of Federation of Bangladesh Chambers of Commerce and Industries President of Metropolitan Chambers of Commerce and Industries Professor of Finance Department of Dhaka University President of DCCI (Dhaka Chamber of Commerce and Industry) 1.4 Trading time The Dhaka Stock Exchange is open for trading Sunday through Thursday between 10:30am – 2:30pm BST, with the exception of holidays declared by the Exchange in advance. In the month of Ramadan, the exchange is open for trading between 10:30am – 1:30pm BST. 2. Previous major crash – Stock market crash in 1996 The number of BO account holders in 1996 was only 300,000 and most of them were new in the market. At that time it was not easy for investors to detect the fake shares from the genuine ones. Because during the crash of 1996, paper shares used to be sold in front of DSE.There was no automated trading system, surveillance was not strong enough, and there were no circuit breakers as well as international protection. From 1991 to the end of 1995, DSE General Index price gained by 139.3 per cent and reached 834 point. But  in 1996, the market experienced a dramatic change and pushed the price index up by 337 percent. DSE General Index recorded a high growth from July and stood at 3648.7 points on 5th November 1996. Besides, Chittagong Stock Exchange experienced the same change and grew by 258 percent. Chittagong Stock Exchange index increased from 409 to 1157 points in 1996 within a one year’s time. But the steps taken by the government did not work. The index lost over 233 points on November 6, 1996. After the bubble burst, DGEN index dropped to its lowest point and stood at 957 in April 1997. It stood at around the same point, where it was 10 months before and DSE General Price Index lost almost 70 percent from its highest point in November 1996. Then the index continued to decrease for the next 7 years until April 2004. During this long period, DGEN Index seldom crossed 1000 point. In short this can be described by using a graphical presentation. Figure 1. Scenario of Share price index points of Dhaka Stock Exchange 3. Cause of market crush in 2010-2011 The stock market crashed again in 2010-2011. The major causes are as follows- 3.1 Margin Calls & Illiquidity crisis When investors pay a part of future market contracting by cash or selected instruments in an account with a broker which is called Margin. To make sure obligations of investor when contract expired, more Margins is necessary if value of the contract decreases. The process is called Margin call. On â€Å"Black Monday†, price movement of future contracts created record amount of Margin calls for firms which were about 10 times the average size. Collected payments are paid to investors whose position had gained. Some investors lost their ability to enter new positions due to Margin calls and some needing to extend credit to make the payment. As investors were unable to pay margins, brokers placed emergency margin calls with exposed options positions which were assumed to be liquidated due to failure of meeting margin calls. It occurred repeatedly which possibly made selling pressure in the market and markets were not able to handle these sell orders. 3.2 Program Trading Summit Financial Advisors has stated that many analysts accused program trading, especially portfolio insurance as a major reason for the crash. In this trading, computers automatically order large stocks trades when certain market trends prevailed. Analysts blamed that the program trading blindly sold stocks when prices declined on 19th October. 3.3 Derivative Securities Investors not only invested in actual stock market but also in index options and futures markets. Option and future market are called derivatives as the value derives due to change of stock prices. The Brady Commission which was commissioned to examine the reasons of the crash found that the failure of stock mar-kets and derivatives markets to operate in sync was an important factor that contributed to the severity of the crash. 3.4 Role of market regulators and their employees The role of SEC to control & monitor capital market, working in favor of manipulators, approving unethical proposal and issuing wrong directives which lead to unexpected market conditions deteriorated the image of SEC. Investigation report mentioned some names of corrupt employees of the market regulators who were directly or indirectly responsible in the market manipulation. There is a job overlapping between SEC and exchanges. Such as, DSE & SEC both organizations have surveillance department for the same job but there is no co-ordination. Listing committee of DSE & CSE examines listing application of company but SEC doesn’t do it properly and approve it. Placement of Mutual fund & IPO at a price lower than the market value has become a new method of bribery for powerful employees of regulators. There is another accusation that these senior level employees received placement by using other`s name which is very difficult to identify. The report admits that SEC doesn’t have enough employees for example; qualified accountant, financial analyst and researcher to control and monitor the market. Rahman & Moazzem (2011) identified in their study that Dhaka stock exchange is becoming more volatile but the regulators are unable to defend it. They also suggested increasing manpower and quality of professionals in SEC. 3.5 Demutualization of Exchanges There are both elected & nominated members in DSE and CSE. Basically, elected members run the administration due to less interest & relation of nominated members. As a result, the players of the capital market act as controllers. Meanwhile, controllers are inactive during unethical activities due to conflict of interest. In the investigation report it was said that different stake holders of capital market and civil society support & demand for demutualization of exchanges. The meaning of Demutualization is separating controlling functions from controller’s functions, empowering controller and taking decisions without being motivated by the market players. 3.6 Investment of bank in the capital market In 2009 & 10 banks and financial institutions invested huge amount of deposit money in the stock market. As a result share prices sky rocketed until December 2010. When Bangladesh Bank restricted more than 10 percent investment of deposited money, increased CRR and SLR ratio, created liquidity crisis and market crashed. 3.7 Pre-IPO & IPO process Investigation committee considered that due to Pre-IPO & IPO manipulation share prices sky rocketed and that is the main reason for the share market crash. Manipulators illegally & unethically created a Kerb market in Pre-IPO stage. Without recommendation by the listing committee application for IPO was accepted. SEC did not examine abnormal asset revaluation and indicative price. As a result in Pre-IPO or IPO stage placement process and placement trade Kerb market overvalued share prices. This eventually generated liquidity crisis in the capital market. 3.8 Uniform face value of share During the meeting between investigation committee and different stake holders of share market, a most important reason for abnormal climbing of index was indicated to uniform face value of share at Taka 10. Splitting share does not change revenue or asset of a company and should not affect the share price. But Small investors showed their utmost inter-est to buy split share with their small investment and consequently pushed the price up. Up to 62 listed companies split their shares in 2009 & 2010. So, it  abnormally increased liquidity of the market and brought notable change in market capitalization. Investigation report shows that MC increased 655% of companies those adopted share uniform and MC increased only 46% of those that did not adopt. From July 2009 to December 2010 the role of total MC were 81.5% of companies which adopted share uniform and only18.5% those that did not adopt. 3.9 Placement trade / Kerb market Before issuing IPO, Issue manager or Issuer Company sell shares to their nominated person and that is called Private placement or pre-IPO placement. Private placement is risky because it doesn’t have accounting discloser. In the developed countries there are some fixed rules but in Bangladesh SEC didn’t have proper rules for it. As a result some manipulators used it as a tool of price manipulation. Investigation committee found that in most of the cases placement was offered at less than the IPO price. Though aim of public offering is participation of public but placement doesn’t make sure it. Eight companies issued convertible preference share in 2009 & 10 in which average 69% went for placement. So, participation of the public was hindered and that created placement trade or Kerb market. Some companies distributed 50-90 percent of their paid up capital in private placement. However, when a company raises too much paid up capital through private placement, the number of free-floating shares decreased. That’s why the difference between demand & supply push share prices up. Moreover, non-listed companies created liquidity crisis as huge investment was stuck up with these companies. Placement created new process of trading outside of the share market and that is illegal. By taking chance of placement many small companies raised capital from illiterate and un-informed investors with their artificial financial reports. 3.10 Omnibus account Investigation report found Omnibus accounts of ICB and merchant banks as another major reason behind the stock market debacle. Every branch of merchant bank operates only one omnibus account. There could be 3-10 thousands BO Accounts under the omnibus account which are not under the surveillance of SEC. So, information of individual accounts and its transaction are kept only with merchant banks. As investigation reports  shows that this kind of account made a lot of illegal transactions. It publishes name of 30 big players including ICB for a lot of suspicious transactions and says most manipulators traded from the omnibus accounts. It was also reported at least Taka 2.5 billion has been traded from hidden or omnibus accounts. 3.11 Asset revaluation & Rumor By taking chance of weak asset revaluation method companies have overvalued their asset. In this process dishonest auditors generated artificial audit reports. So, calculating of NAV on overvalued asset indicates wrong signal. Some companies issued Bonus shares against unrealized gain of revalued asset price which is a faulty accounting practice. There is rule to maintain provision against â€Å"deferred tax† during asset revaluation to pay tax in future, but companies are not following it. Investigation reports pointed some companies which got NAV more than 100% to 3,472% after asset revaluation. 3.12 Book building method It’s a procedure of determining price of IPO at which it is offered. The fair price is determined by the demand of a security from institutional investors and their indicative price. The main aim of introducing this method in Bangladesh stock market was to attract more firms for enlisting in the stock exchanges through fair share pricing. However, it was found as an instrument of manipulating market prices. Investigation report reveals that during the price discovery/bidding stage investors manipulated share prices for placement with too high price. High price was maintained only for the lock-in period and then investors offloaded their shares. As a result they pulled out a lot of profit within a short period and after that the share price did not increase. In this process corrupted Issuer and issue manager manipulated the price. 3.13 Serial and artificial trading Some manipulators created artificial active trading environment among themselves through bulk transaction and increased share prices. Moreover serial trading and price manipulation by many buy-sell orders through different accounts and broker houses which overheated the market. 3.14 Issue of Right and preference share Right Share is issued at a discount price to existing shareholders. SEC took 4/5 months to take the decision of right issue proposal which is mysterious. Meanwhile companies inform the market about Right issuance and increased the share price. Moreover, issuance of Right share increase number of share which should decrease share price but it did not hap-pen. Investing in Preference share is safe to get a fixed percentage of profit. To make the share attractive companies keep an opportunity to convert it and in that case it is called Convertible Preference Share. Companies issued preference share for only 2-3 months even for 1 month which is not common in other countries. The faults with convertible preference share were its time period (short), convertible process and private placement. Investigation committee found that SEC did not have proper guidelines for Right and Preference Share issuance. 3.15 Suspicious transaction of top players Investigation report reveals some names of individual and institutional investors as top buyers and sellers during abnormal increase and decrease of index in different time periods. The transactions of these investors were suspicious and affected the market heavily and liable for abnormal rise and fall. 3.16 Block placement There was a lot of suspicious block trading of mutual funds. Some investors got enormous amount of placement time to time. 3.17 Direct listing With the approval of SEC few companies have been directly listed in the stock exchange. These companies come to the market with inflated share prices. Investigation report mentioned that indicative prices of these companies were determined even 58 times more than EPS and 9 times of NAV. Though share prices of these types of directly listed companies have been artificially determined, but SEC or exchanges did not investigate the reason of abnormal price. 4. Impact of the crash Bangladeshi stock market experienced through inefficient and irrational fluctuation of DGEN Index in the year 1996 and 2011 . During 2010, the bullish market turned bearish with the exchange losing 1,800 points between December 2010 and January 2011. DGEN Index climbed at point 8918.51 on December 05, 2010 which was overvalued in all aspect. Then the market crashed at point 4877 in November 2011. Figure 3: Daily DGEN index of January, 2011 Figure 4: Showing the Movement of DSE General Index from June- ’10 to May- ‘11 Impacts of the crash were: As a result of the market crash, millions of investors have been rendered bankrupt. Because of free fall of share prices, Investors came out in the street again and started protesting against free fall of share prices and chanted slogans against market regulators. Random objects like wood and papers were set on fire in front of the DSE office in Motijheel. Investors came out in the street with processions and demonstrated against free fall of Share index in both bourses as well as suspension of trading. Investors from different parts of the country such as, Chittagong, Comilla, Narsingdi, Narayanganj and Jessore brought out processions and clashed with law en-forces in some places as well. Investors blamed the speculators and regulators for the bubble that finally burst. Economy faced liquidity crisis. Authoritites and government took steps to handle the crisis. But stock market of Bangladesh had already got the adjective of â€Å"the worst stock market in the world†. And an o ngoing market turmoil is still going on. 5. Measures taken to stabilize the stock market Since the collapse of the market in December 2010, a number of initiatives were undertaken by Ministry of Finance (MoF), Security and Exchange Commission (SEC), Bangladesh Bank, Government and Dhaka Stock Exchange (DSE)/ Chittagong Stock Exchange (CSE) to stabilize the market. 5.1 Steps taken by government- The government took a number of measures to inject money in the market. This included Tk. 600 crore worth of funds distributed to the state-owned banks and Investment Corporation of Bangladesh (ICB), and formation of a mutual fund titled Bangladesh Fund with an initial resource of Tk. 1,500 crore. Under the national budget of FY2011-12, government announced a number of incentives to recover the capital market situation. Some of these were re-introduction of tax rebate facilities, tax-free facilities for mutual funds, time extension for non-bank financial institutions (NBFIs) to adjust their investment in stock market (revised timeline is December 2013), and adjustment of single borrower exposure limit by the commercial banks (revised timeline is December 2013). All these budgetary measures have direct and indirect implications for raising fund for the ailing capital market. A probe committee was created by the government to identify the reasons, people and solution regarding the prob lem of the stock market. The Probe Committee and the MOF came up with a list of 36-point measures which were to be implemented in three phases (i.e. immediate, short and medium-term). 5.2 Steps taken by SEC- Security & Exchange Commissions applied a lot of directives to keep the market under control in 2010. SEC changed directive of margin loan ratio by increasing it from 1:0.5 to 1:1 on 13th December and later it was again hiked to 1:1.5 & 1:2 because of free fall of share prices. Actions were taken against persons found guilty for their fraudulent activities, investigation of allegations against the SEC officials who indulged in market manipulation, examination of assets of some of the companies alleged to have been involved in illegal trading, and initiation to probe allegations against several companies was also done. Criminal investigation against a number of companies and persons which was supposed to be carried out by the Anti-Corruption Commission (ACC) was started but without much visible progress. SEC under its new management has also prepared a 29-point work plan. Of these, eight activities were identified as ‘top urgent’, three as ‘urgent’, 14 as ‘short term tasks’ and four as ‘medium term tasks’. The MoF along with SEC and other stakeholders prepared the much-hyped Market Rejuvenation Package. This 21-point package focuses on greater participation of banks and other financial institutions in the stock market, besides setting up a ‘special scheme’ to provide support to small investors who lost their capital. 5.3 Steps taken by Bangladesh Bank- Bangladesh Bank pushed money into the market as liquidity support. Banks have reportedly kept buying shares despite suffering from liquidity crises themselves, and not selling any shares. 6. Outlook for the future To protect the share market of Bangladesh, the regulatory body should take some effective measures. It should introduce some monitoring systems to protect the price manipulations of the share. Provisions should be made to provide all the financial data to the investors so that they can get a proper idea about the company. The market should be free from fake certificates. The government should offer income tax rebate on the income of share market and encourage the banks and non banking institutions to come to the market directly. Some incentives package for the investors like getting financing at a low cost has to be offered to bring back the investors in the market. Market stabilization fund must be introduced so that it can help to meet up with crisis situation. Since Bangladesh is heading toward the developing nation, capital market can be the engine of growth for its economy if market becomes structured and efficient. Around the world well reputed stock markets like – New York Stock Exchange, London Stock Exchange, Shanghai Stock Exchange, Tokyo Stock Exchange, Australian Securities Exchange, Dubai Stock Exchange and so on, are regulated and running efficiently that provides significant contribution to their individual economy. Because, stock market is knowledge based game rather than a place of gambling; there must be rational win-lose situation always. But Bangladeshi stock market experienced through inefficient and irrational fluctuation of DGEN Index in the year 1996 and 2011 which resembles the place of gambling. To sum up, from our study, we have found that, there are problems like – Big Gap between the Demand and Supply of stock, extraordinary over pricing of stock, market manipulation, lack of knowledge about the stoc k market mechanism among the general investors, price distortion, inefficient regulations, political unrest, etc. These caused the steepest downward fall of DGEN Index in the financial year 2011.  As a result, about millions of investors lost their capital which turned them empty within few months. Security and Exchange Commission (SEC) of Bangladesh and government should take the short term and long term initiatives to stabilize the market. They should encourage more public limited companies to offer more share to meet the current demands. Income tax rebate, Injection of Market Stabilization Fund, Mandatory holding certain percentage of share among the board of directors, short term incentives packages should be introduced to get back the confidence among the existing investors. Regulatory bodies of Bangladesh stock market must educate the current and potential investors about the market mechanism and provide them the accurate information so that investors trade their shares carefully. Unless, appropiate corrective measures are well formulated and implemented, Bangladeshi stock market will be facing this irrational downward again in the near future. 7. ARAMIT from 2010- 2013 From the graph we see that, before the crash market price was above tk 450. And in the time of market crash from December 2010- January’11, the price of aramit started to fall and reached tk 436 at the end of January 2011. After that the market fluctuated and hit its lowest of tk 192.6 on february 2012. The current market price as of 24th February,2013 is tk 216. Profit Status: Based on Annualized EPS of 2012 (Q3): Basic Current Price Earning Ratio (P/E) (Based on Continuing operation) 12.65 Based on audited EPS of 2011 Current Price Earning Ratio (P/E) (Based on Continuing Operation) 15.15 Reference : 1. http://www.cpd.org.bd/pub_attach/WP95.pdf 2. http://publications.theseus.fi/bitstream/handle/10024/47195/saha_sangit.pdf?sequence=1 3. http://www.dsebd.org/displayCompany.php?name=ARAMIT 4. http://en.wikipedia.org/wiki/2011_Bangladesh_share_market_scam 5. http://en.wikipedia.org/wiki/Dhaka_Stock_Exchange 6. http://www.similarsites.com/goto/bdstock.com?pos=2&s=10

The Physics of Golf essays

The Physics of Golf essays As anyone who has played a round of golf will attest to, the sport is based around many fundamental principals of physics. These basic laws are involved with every aspect of the game from how a player swings the club to how the ball moves through the air on its way toward the pin. It is the challenge that physics presents to the golfer that has allowed the game, and equipment used, to develop so drastically over the past one hundred years. The first golf balls used were called featheries. They were made with a horsehide cover packed with wet goose feathers. When the balls dried they became extremely hard. The major flaw with the featheries was that they could not be used when the conditions were wet because they would soften again.[5] Despite the flaw of the featheries, they remained the only ball used up until the middle of the 19th century when the revolutionary gutta-percha ball was invented. The new ball, sometimes referred to as a guttie, was molded from the warmed, dried gum of the sapodilla tree.[5] These balls were cheap to manufacture and opened up the game of golf to a more diverse socio-economic group. This in turn made the game of golf very popular, which led to dramatic improvements in golf balls in the next decades. In 1900 a unique event occurred. Some claim that it can be called the first professional sports endorsement. The Spalding Company paid Englands Harry Vardon a considerable sum of money to come to the United States to demonstrate what he could do in winning tournaments using the latest ball design. He won the U.S. Open using the new rubber-wound Haskell ball.[5] This led to another major revolution in the design of the golf ball. Not only was this ball cheap to manufacture, but also it could be hit farther than any other ball previously used. The Haskell ball was such a success that it was not until 1968 that the two-piece balls of today emerged in the market. Obviously...

How to Self-Publish a Book in 2019 7 Steps to Bestselling Success

How to Self-Publish a Book in 2019 7 Steps to Bestselling Success How to Self-Publish a Book: 7 Simple Steps to Success Learning how to publish a book and getting your ideas into the world is easier than it’s ever been. There is a wealth of knowledge available online, shared by authors who have developed proven techniques for selling more books. There are also a number of ways new authors can get access to professional services without breaking the bank.In this post, Reedsy will share a common-sense, jargon-free approach to ascending the heights of the self-publishing world.A History of Self-PublishingHow to Get a Literary Agent for Your Book Read post So far, we’ve covered writing your book, editing and designing it, planning your launch, and growing your marketing efforts. You now have enough knowledge to actually go and self publish - assuming that your finances are in place...The Financial ImplicationsMoney is an obstacle that nearly all self-publishing authors will face at the start of their career. After all, they are solely responsible for funding everything to do with the book. That being said, it doesn’t always mean that the author needs to empty their savings account.The Cost of Self PublishingHere are two resources that can help you determine your costs and find alternate ways to cover them:How Much Does it Cost to Self Publish a Book? – Based on data pulled from the Reedsy marketplace, we’ve determined the average costs of book editing services and designing a book.Crowdfunding for Authors (Free Course) – Discover tips and hacks for running a crowdfunding campaign that will help fund your book’s production and boost your launch.The upside to all this, as we hinted at earlier, is that by bearing most of the costs, the self-publishing author also gets to enjoy most of the spoils.RoyaltiesTo give you an idea of the money you can expect to make from each copy sold, let’s look at the royalties offered to both independent and traditionally published authors.Author royalties on paperbacks:Traditionally published authors can expect around 5%.Indie authors will see 20-50% depending on printing costs.Author royalties on ebooks:Traditionally published authors tend to see 20-25% of net (after the retailer’s cut).Self-published authors enjoy up to 70% if their book is priced reasonably.This massive disparity is one of the reasons why J.K. Rowling has dipped her toes into self-publishing. The ebooks and audiobooks (great, incidentally, for road trips) of her Harry Potter series are now released by her own company, Pottermore, allowing her to take the publ isher’s share of sales as well  as the author's.Additional ResourcesKnowledge is power, and for indie authors, it’s also our greatest asset. There's plenty to learn when it comes to becoming a smart and efficient publisher, so as a send-off, here are a few more resources to help you on your way to the top of the bestseller charts:Scams and Publishing Companies to Avoid – Outlining the basic scams that await indie authors, including vanity presses.ISBN for Self Publishers: The Complete Guide – Everything (and more than) you wanted to know about International Standard Book Numbers.What is Ghostwriting? And Why Do People Turn to Ghostwriters? - An intro to the world of ghostwriting, including reasons why many indie authors employ their services.How To Copyright A Book: A Definitive Guide – Tackling a fear every author shares: having their intellectual property stolen!The journey to publishing a book can be treacherous, but if you prepare yourself a dequately, and surround yourself with the right people, it can also be one of the most satisfying challenges of your life.Do you have any thoughts or questions about how to self publish a book? Drop a comment in the box below and the folks at Reedsy will get back to you.

The Foundation of Orthodoxy and the Canon Research Paper

The Foundation of Orthodoxy and the Canon - Research Paper Example The best-selling book of all time is itself a compilation of books written by different authors. This paper shall outline how these books earned their place in the Bible. This paper shall discuss the key events and movements that were influential in the recognition of the canonical book. In addition, it shall look into the methodology used in determining these books as the inspired word of God. The canon of the Old Testament was apparently inherited from the Jewish faith. Jesus Christ himself recognized the authority of these books by making constant references to these books in his teachings to the apostles and to the very lucky people who had walked the earth with him and had listened to the voice of Jesus with their very own ears. The mere fact that Jesus Christ himself recognizes the authenticity and authority of the books in the Old Testament far exceeds any proof of its authority and divine inspiration. Moreover, majority of the contents of the Old Testament is also accepted as historical accounts of the ancient days. Hence, this paper shall focus on the canon of the New Testament. Although the New Testament is centered on Jesus Christ, not one book is attributed to him as the author. The books in the New Testament are accounts about the life and the teachings of Jesus Christ during his lifetime as well as the teachings of his disciples as they fulfill their duty of spreading the Word of God with the guidance of the Holy Spirit. In the furtherance of this divine duty, the Apostles and other learned followers of the young Christian faith wrote their eye-witness accounts of the acts and teachings of Jesus Christ. These writings are then passed around as the disciples’ letters to different groups of people as the Christian faith slowly grew in number. â€Å"About the end of the first century we find two collections of Christian writings beginning to circulate as collections among the churches: the Fourfold Gospel and the body of Pauline Epistles. Thi s was a step towards the acceptance of an authoritative collection, or Canon, of books of the New Covenant, as distinct from the authority which the individual Gospels and Epistles already had for those who first received them.†1 For years, the early Christianity blossomed on this collection of Gospels and Epistles. However, its authenticity and divine inspiration was challenged by the rise of the Gnostics, one of which was Marcion who declared that the entire Old Testament was nothing but a mere legend, that is, without divine authority and authenticity. As such, he published his own version of a Gospel wherein he removed all references to the Old Testament. In response, Apologists also came into existence to defend the faith and concomitantly its teachings and writings from those who want to destroy it. The Church Fathers, those who have been the students of the Apostles themselves, and who took over the reins of the young Christian faith when all of the Apostles passed away , also went into action in order to protect and preserve the faith. In response to Marcion’s heretic challenge, they declared that, â€Å"We do not believe that the New Testament books supersede the Old Testament; we place them alongside it as its proper sequel and fulfillment. We do not acknowledge one Gospel only, but four, and one of the four is the genuine edition of that Gospel which Marcion has mutilated. We do not acknowledge ten Pauline Epistles only, but thirteen: and in addition to these we also acknowledge the