Forms Of Communication Within The Workplace English Language Essay

Forms Of Communication Within The Workplace English Language Essay Introduction People who are in work tend to focus on the success of the exchange . They show compassion, awareness and concern for others, they use good listening skills, is their own concern and need to know. These people are open and approachable, the support of others. Communication is any behavior, verbal or nonverbal, perceived by another. Knowledge, feelings or thoughts to encode and send and receive at least one person, by at least one other decoder. This message means that the receiver to the interpretation of the message. Communication between the people to establish a connection. Let us understand ourselves and communicate with the world around us, to share experiences with others, to persuade and influence others, to relax and enjoy. Forms of communication Each channel of communication are requires skills to the form of communication and that is used to send the message. The communication is classified into the three forms . Three forms are verbal communication either spoken or written , nonverbal and graphic . The communication skills is in the spoken , written , nonverbal and graphic communication are all important in the workplace . These forms of communication send messages through various channels. Verbal communication can take the forms of spoken words between two or more than one person , or written words in written communication . Nonverbal communication is send by any means other than words or graphics . Nonverbal communication occur in oral , write and graphic communication , and in oral communication these include facial expression , body movement , posture and dress . Format and layout are written and graphical components of nonverbal communication. Graphic communication represents ideas , relationship or connections visual ly with shapes , diagrams and lines . The graphic communication can have both of verbal and nonverbal components for example some of the no smoking signs displayed in the public places . The public place like restaurant , shopping mall and so on . The ability to communicate is learn by gaining skills from others and from experience . As the experience widens ,.new learning take place . The style of communication individuals and organisations develops through using and adapting new techniques. Anyone who will believes they can control the communication process is unaware that the communication is an intricate , interactive process . An interactions of several elements affect the people communicating . You can do a great deal to influence the communication process but you cannot control someone elses perception , outlook , values and attitudes. The each of these affects way communication will received . The communication process The process of the communication is the dynamic and the interactive . The process like someone sends or receives and in the between these is a message . The information flows ,people place meaning and the structure on the variety of the messages received from another . And the process of communication takes place in various situations for different reasons with the potential for many interpretations . It have seven main elements in the process of the communication . The seven main elements of the communication process are sender , message , receiver , feedback , channel , context or setting and interference or noise . There are many models of the communication process . The diagrams presented in the chapter are representations of how communication works . And it should be stressed that they cannot be a complete guide or they take the most significant elements of the process communication and place these in a useful sequence . The communication occurs , the sender and the receiver int eract by sending (encoding)and receiving(decoding)messages. The sender The sender are individuals who react to the situations from unique vantage point and interpreting ideas and filtering experiences through their own perception. The unique to the individual senders and integral to all the communication they engage in , it is a background of accumulated attitudes ,experiences , skills , cultural conditioning and individual differences that influences how they communicate . And the sender encodes some idea or the feeling in the words or the signs that the receiver will recognize and transmits this message to the receiver . ( MESSAGE ) SENDER RECEIVER Self-concept Self-concept Family Family Culture Culture Skills Skills Feelings Feelings Attitudes Attitudes Valuesà £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Values ( FEEDBACK ) Message The messages is the idea to feeling transmitted from the sender to the receiver to achieve understanding each another . The message is make a connection between to sender and the receiver . The receiver The receiver decodes or the interprets the message to achieve understanding . The receiver is acting as an individual from the unique vantage point , interpreting the idea according to the particular personal perception of the messages . The perception is the result of the receivers unique background of the experience , belief , concerns and other factors . Perception is a significant influence on communication and it is useful to look closely at it . It is a way people understanding or give a meaning to their environment . The perception and interpretation of the same message various according to how each individuals perception is influence by the experience , attitudes , and belief and a range of the acquired skills or the expectations . The example is one person will perceive the colour blue as cool , peaceful and comfortable while other person may see the blue clour like old fashion or formal . That meaning is influence by past experience . Even the context or the setting of the communication affects if the perception . It can be compare with a pair of spectacles , through which the process all the signals received from others . The glasses place a particular focus on what we see , understand , hear and influence way we react to the message .Particular colour and focus of the message are affected by the pair of glasses worn . Expectation self-concept experience Feelings perception attitudes and Value Family culture communication skillà £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬Ãƒ £Ã¢â€š ¬Ã¢â€š ¬ Feedback These is a constant feeling back of the information as people interact . Like encouraging the speaker to continue , listeners respond in the way that to show their comprehension and the acceptance or non-acceptance of the message. It is an important part of the successful interpersonal communication and the receivers response to the senders message , and can be intentional or unintentional . Feedback is gives the communication continuity , indicates understanding or misunderstanding of the message and the stimulates further communication or discussion . Both of sender and receiver need to feedback . Feedback can help or hinder your communication and climax you created . At workplace most people communicate are face to face with their leader or the manager or the supervisors , so the ability is to provide appropriate feedback can be assit the development of good working relationship and the productivity of the business . Communication channel It mean the technique use to signal or convey a message . The example like a conversation , television program , radio or telephone call . The information technology provides a fast channel of the communication that is become more wisely available and easier to use than in the past and it also used to store , send , receive and present information . All the organization have internal channel of communication and the external channels . Channel tv , telephone speaking , pc writing Sender receiver Self-concept message Self-concept Family Family Culture interference Culture Skills Skills Feelings Feelings Attitudes feedback Attitudes Value Value Context environment , status , time Context It is consists of the situation , circumstances or the setting within which communication take place . The context is playing an important part in how the message is encoded and decode . Same message can have a complete different meaning depend on the situation , since the emotions and reactions to the ideas and events vary in different situations. The example communication at a conference , in the lunchroom , formal meeting or in the office is take place in different settings . It may use different language , authority and relationship to achieve the different communication purpose in each of the situation . Interference or noise The message received is not necessarily the same as the message sent . Another than the intended message is received because noise , or the interference , interrupts the intended message . Send a message by electronic mail to a person who is afraid of the technology and unable to access to the computer screen and communication barrier will occur because the channel is inappropriate in the case . Write a memo or business letter to a person and the message is not easily to be understand and accept . Conclusion If either one of the communication process is fail , the whole process of communication will not be successful . INTRODUCTION As the Product Manager of soon-to-be-launched product  ¼Ã…’I will choose the Lexus CT 200h to be my product . Why I choose this Lexus CT 200h as my product because Lexus CT 200h is currently one of the best in its class. With advanced stability alongside a quiet operation and seamless acceleration, the CT provides a smoothness that reflects the superior control of the Lexus Hybrid Drive. And you can drive in comfortable . It front and rear shock absorbers to provide additional performance improvements. They absorb the vibrations generated in the process, while increasing the drive for an immersive driving chassis rigidity . It Is a full hybrid engine, the 1.8-liter VVT-i petrol engine and electric motor, in a combined output of 134 horsepower and 33 km / liter fuel consumption to ensure a smooth ride the results of an environmental protection. The second reason this Lexus CT 200h is safety because it is equipped with an advanced bodyshell, enhanced with compact front suspension (MacPherson Strut) and double wishbone rear suspension. Various stiffening and bracing are strategically placed to strengthen the overall chassis. This provides the dynamic, yet smooth, agile performance of the CT 200h. The Intelligent Vehicle Stability Control (VSC) system, challenging corners to make room for more security. Early detection of wheel slip through the turn, and to help adjust to control the engine power and applying appropriate power to each wheel brake it, and can prevent potential accidents from occurring. Even in adverse road conditions, you can always control your Lexus CT self-confidence. Traction Control (TRC) of track slip systems to ensure tire always maintain maximum traction, so you can easily boot in mud or slippery roads, and Truth and Reconciliation Commission to keep at bay potential dangers. The third reason is the for the big family because this CT 200h can sit until seven or eight person in the car . Why I say that because it is really for the big family . When you and your wife and son or daughter want to go out for picnic ,you no need to sat dense . ANSWER There will be no gasoline only versions of the car, which will only use gasoline-electric system, mated to provide a 1.8 liter four-cylinder engine a strong electric motor and nickel-metal hydride battery pack. Power split continuously variable transmission to the front wheels. Part of the electricity and natural gas output and the output of individual composite system is still unknown, but the presence of its 1.8-liter, we were a bit worried. This is the fourth in the Prius, which makes 98 horsepower and contribute to the overall system output of 134 horsepower size of the cylinder. The CT200h colt will have to produce more than to provide the promised dynamic driving experience, and the challenge of providing reliable, CT of the competition, including the Audi A3 and BMW 1 Series. Therefore, what we want at least 187 horsepower in the vicinity of the North American HS250h stirred cars, one of the 147-horsepower, 2.4-liter engine is 105 kW (141 horsepower) electric motor to mate. There are four drivers in the CT200h driving mode selection to choose from: normal, ecology, electric vehicles, and sports. In normal mode, the car can use the battery-specific power up to 28 miles an hour, while the electric car mode to force car battery power is only 1.2 miles t o rely on an extension. Switch to eco-cars throttle response and optimized passive climate control system to save more fuel, and exercise patterns to tighten the steering wheel, throttle aggressive UPS, and reduce the threshold of stability control . They have many ways to promote my product . They are website , e-mail , newspaper , ratio , television program , flyer and so on . If I use the website and the e-mail to promote my product LEXUS CT 200h , the messages will send to the customers and they will know that about this car model LEXUS CT200h .Besides that any customer is interest about this car LEXUS CT 200h , you can order from website or you want to know the information about this car LEXUS CT 200h also can search our website . If I use the newspaper to promote my product , it can help to attract to customer . The newspaper also can let the customer know about the information and know where are the location are sales this car . The customers also can cut the map and find the location immediately . If I use the ratio to promote my product , it can help me to promote the product to the customer know it . If the customer is interested , he or she will listen carefully about the information the car LEXUS CT 200h . If I use th e television program to promote the LEXUS CT 200h , they will watch the television program when the television program are advertise . The last once is use the flyer to promote the product LEXUS CT 200h , the customers will immediately to see the information about the car and call the hotline to know the information clearly . But I will choose the flyer to promote my product LEXUS CT 200h . Why I choose the flyer to promote my product because the flyer is very cheap and the customer will immediately see the flyer what is it want to convey to him or her . The flyer is a cost-effective way to get your message to the masses and basically a full-page ads, you release your potential customers directly. Flyer printing is a small advertising budget to get off the ground with a good choice for new business, it is a company founded for those who want to directly communicate with potential customers a good choice. Full color flyers are particularly effective because they catch peoples eyes, to attract people to your message. The purpose is to sell a flyer. Remember, your message needs to have a purpose, that is not just your name released to the public. You need to make sure you communicate your product or service in the public interest, not just facts about your company. People want to know you or your product can do for them. The flyer can bring a lot of advantage to my product because it will attract a lot of the customers come here to order my product. The advantage is it can make majority customers come here to see the car LEXUS CT 200h . The flyer make the sale rate getting high and it makes our product name becoming famous . The customers are believe our car LEXUS CT 200h quality is greater once .

How does Caryl Churchill affect the acting and production process throu

How does Caryl Churchill affect the acting and production process through her script writing Caryl Churchill has furthered feminist performance theory, in the last twenty years, and broadened traditional views of gender roles through her script writing. For example, her plays Cloud Nine and Top Girls defy traditional convention, with Cloud Nine’s cross-gender casting and Top Girl’s pro-Thatcherite ethos as its foundation. Churchill has affected the acting and production process in the way she has written her scripts, such as the mentioned pieces, and the way in which theatre is performed. â€Å"Her work is heavily influenced by the practices of experimental and physical theatre: not one to make it easy for an audience, she prefers to tell a tale in a challenging, sometimes meandering way.† The language in Far Away appears very normal within the context of the piece, though the subject of the book is something that most audiences would either not understand or be disgusted by. â€Å"†¦ and in fact I killed two cats and a child under five so it wasn’t that different from a mission.† – Joan Churchill’s script, for Far Away, can be seen to turn our present day society into a collection of barbarous individuals, sparing no exception to the animal kingdom and Mother Nature. One could see this as Churchill’s own portrayal of the War of the Worlds. Joan shows concern regarding where the loyalties of the nearby river lies. This could be seen as quite an absurd gesture, however falls into place within the context of the piece and the society in which the characters are living in. Everything on planet Earth is at war with one another. Churchill’s post modern script can be seen to affect the acting and production process by the way in which it transforms the actors into characters, that are unrelated to present day society, who far more in touch with their primordial instinct of ‘survival of the fittest’ in this unimaginable war. â€Å"I’ve shot cattle and children in Ethiopia. I’ve gassed mixed troops of Spanish, computer programmers and dogs. I’ve torn starlings apart with my bare hands†¦ I could go on all day doing that, it was better than sex.† - Todd. The characters within Churchill’s script appear almost quite normal at the beginning, in regards to the very start of the play where the initial convers... ...whereby at the end of the play Selby is in a managerial position. Though this was done in a more light-hearted spirit without the solemn tones that hang about Top Girls. This can be seen to be the way in which Churchill’s attention to current affairs in plays such as Top Girls and After Dinner Joke have affected the acting and production process. Caryl Churchill can be seen to have affected the acting and production process of today’s theatre in many different ways through her script writing. The ‘chilling vision’ of the future in Far Away pushes the actors into a new world, a new approach to their character studies. Top Girls, a reflection of Thatcherite Britain in the late seventies and eighties, takes the actors back to a milestone for the women population of Britain. After Dinner Joke, another reflection of the fight for Third World awareness and the fight against poverty and famine in the late seventies that would lead to such projects as Band Aid. This paper has seen how these particular scripts have affected the acting process, by pushing actors to achieve new feats, and the production process, by the way in which a play is staged and cast.

Philomena: A Film Analysis Essay

Among the many good films of 2013, this one has to be on my top 5 list. Directed with passion by Stephen Frears, Philomena is a film that questions your beliefs regardless of which religious sect you belong to. As a little exposition, Philomena Lee (Judi Dench), way back 1952, was impregnated out of wedlock and was therefore sent forcibly to a convent where she gave birth to a son she named Anthony. She and other young women of similar situation were only allowed to see their children once a week. This and other practices including oppression and prejudice among the nuns are presented well in the film in a way that could condemn the Catholic Church. These are presented in a tone that is sarcastic and ironic, with a mood that is mild and forgiving. Visually, the setting and production design will bring you back to 1950s Ireland, which is highly distinct with the present time. The cinematography is nothing too special; it was shot in polished angles, and with dim lighting to establish the gloomy environment the film is trying to convey. In my opinion, this is the style used to make it closer to reality so it will capture the emotions of people. As the plot develops to the rising action, you start rethinking about â€Å"morality† drawn by the strict administration of the nuns. The irony will later be exemplified when you see babies sold to Americans without the consent of the mothers; one of these babies was Anthony. And while he is being sent away, Philomena was watching from afar, not knowing that it is the last time she is going to see her child. The cinematography at this point was brilliant where the angle is trying to show the innocence of Anthony, and the agony of Philomena through an over-the-shoulder shot. Fifty years later, with the help of Martin Sixsmith (Steve Coogan), the search for the missing son will begin. Martin, who was rebuilding his career in writing, initially declined the idea of writing about Philomena’s lost son. However, as he hears more about the case and discovered that Philomena was only one of the many oppressed women, he decided to do it. Together, they travelled to the United States to find Anthony. Their journey together shows their stark differences. In most of their dialogues, it is very noticeable how different their perspective in life is. This is perfectly presented through the powerful performances by both actors, and subtle representations of their faith. Philomena believes  in God, Martin doesn’t. And while we see how unfortunate Philomena’s life can be, her faith is still strong. Martin, like probably many of the viewers, does not understand this irony. When they finally discovered who Anthony became, they found out that he died eight years ago from AIDS. Still, they traced back his identity just to know how he lived his life. Philomena wanted to know if Anthony ever thought of his hometown, or if she was ever thought of. As the plot boils down to resolution, they will discover that Anthony went back to Ireland and that his body was actually buried in that same convent because he knew his mother would find him. At this point, the film is scored with instrumentals that could bring hostility and liberation. Martin despised the senior nun who kept this a secret as part of her moral standards. She did not allow Philomena to see her son even once before he passed away—a suffering considered as â€Å"atonement for sin†. The tone at this point is aggressive while Martin demanded the nun to apologize. The nun did not ask for forgiveness, but Philomena forgave her anyway. This, I consider, is the best part of the film. It was t oo hard for her to forgive, but she did so. Why Philomena still has faith so strong despite all that has happened to her answers why we believe. At the end of it, they will find his grave and they will continue their lives. Martin will publish Philomena’s story not to upset the convent, but because it deserves to be heard by many. Like Philomena, we have beliefs; and even though these were taught to us by people who may hurt us or fail us, our faith clings to something unfailing. We believe because even if circumstances are not in our hands, we have the option to embrace them. And like Martin, although we do not understand other people’s beliefs, we respect them and we accept people for who they are. This is clearly presented when he gave a small sculpture of Jesus to Philomena. The film is not chronologically narrated, with an editing technique using flashbacks and home videos to illustrate what has happened in the past. It was well color-corrected to demonstrate tension and emotions through less-saturation. I find this very effective since the film does not hard-sell drama, yet can still give a highly emotional ride. The dialogue is  nothing so melodramatic and was instead written very lightly. This represents the character of Philomena as someone who is very graceful and humane. As for the performances, both Dench and Coogan did a brilliant job in portraying their roles. Frears was able to direct them so distinguished to the characters. This is probably one of the many strengths of this film. The acting was so balanced with the overall mise-en-scene that it easily captures the attention and the emotion of the audience. With a story so beautifully debauched, Philomena was told with heart and passion that even if it presents horrific things, it ended with a very positive attitude that is hauntingly terrific.

Risk In Investment Sukuk Example For Free - Free Essay Example

Sample details Pages: 21 Words: 6168 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Tags: Investment Essay Risk Essay Did you like this example? In sukuk, credit risk means that the probability of an asset or loan becomes unchangeable due to a failure or delays in payment and if the correlation involves in engages by written agreement then the counterparty risk is the probability that the counterparty rebound on the situation of the delegate. Other than that, the outcome can be tough with a fall in the value of a banks assets and credit and counterparty risks essential in Islamic finance. They are one and lone due to the essence of Islamic financial instruments that somehow to be transformed to the basis of the Sukuk asset collective. Don’t waste time! Our writers will create an original "Risk In Investment Sukuk Example For Free" essay for you Create order Meanwhile, it has a different in conventional financial institutions and Islamic banks no need to access to the derivative instruments and other credit risk management mechanisms due to Sharia thoughts. Major Sukuk issuances have mostly bear on assets based on Ijarah, Istisna, Salam and Murabaha contracts. Other than that, there is several credit risk considerations joined with these modes of finance. Firstly, Salam contracts are bare to the risk that goods will not be endow on time or will not fulfil to the deal allotment and besides that Istisna contracts entail in performance risk. The client of the bank may fail on the conditions of the contract and the subcontractor may fail to make the vital services. In addition, there is also a coupon payment risk that connected to Sukuk and in case the obligor fault to clear all the payments of the demand coupons on time given. However, the asset reclamation risk might be arising as the underlying assets and might not be amply redeemed wh en the originator has to buy back from the certificate holder. Besides, there are also specific risks connected to the SPV such as the belief of making a payment risk entailed with the SPV where the maker need to repay back the certificate holders through a clearinghouse. Apart from that, the Sukuk coordinate are bared to a liquidity risk. Presently, sukuk coordinate do not have good structured and adequately aqueous derivative market and many of the credentials cultivate to be held until maturity. In addition, the hidden assets of the Sukuk credentials are also refer to a risk of shortfall which is a crucial risk in the case of accoutrements and massive degrees arrangement and yet there is a potentiality to lessen the risks of asset losses by using purvey for assurance to redeem back in the mould of Takaful. Types of Investment Sukuk Description of Investment Sukuk Shariah rulings and requirements Salam certificates These are documents of equal value issued for the sake of mobilizing Salam capital and the items to be delivered on Salam basis are owned by the certificate holders. Issuer: Sells Salam commodity Subscribers are: Buyers of that commodity. Mobilized Funds: The purchase price of the commodity, which the Salam capital. Certificate Holders: Entitled to the Salam commodity and the selling price or the price of selling the on parallel Salam basis if any. Istisnaa certificates These are documents that carry same cost and are addressed with the attempt of mobilising the funds required for producing a certain item and the items to be produced on Istisnaa basis are basically possess by the certificate keeper. Issuer: The manufacturer or supplier. Subscribers are: The buyers of the item to be produced Mobilized Funds: are the cost of the item Certificate Holders: Entitled to the item or the selling price of the manufactured item. Murabahah certificates These are documents of same amounts are addressed for the aim of financing the Murabahah commodity and the authorization holders will become the proprietors right of the Murabahah commodity. Issuer sells: Murabahah commodity Subscribers are: buyers of that commodity Mobilized Funds: the buying cost of the commodity Certificate Holders: Basically stand alone by the Murabahah commodity or the price of selling it. 3.9.3 Shariah Compliance Risk There are a lot of disadvantages of Shariah compliance risk in sukuk. Shariah compliance risk means to the failure of asset cost as prove of the issuers break of its fiduciary responsibilities with honors to obedience with Shariah and there might be a number of such instances of deliberate or acquitted breaches. Besides, the closure clauses or syaria jurist of the Sukuk announcement describe issues that will officially make the Sukuk exploit invalid and annulled due to Sharia non-compliance. For example, if the Sukuk is based on a hybrid of Ijara and Istisna assets, Ijara must always more than Istisna in the pool, otherwise the Sukuk deed will disperse and thus approximately speaking, Sharia compliance risk must be defined as a rate of return inevitable in comparison to the market rates, as a result of complying with the Sharia. Hence, the issue of competitiveness and survival in capital markets as a Sharia complaint the asset class. For example, in the case of occurrence of a Waki l or the  warrantor and the agent need to be unconnected entities to disprove any battle of interest and moral hazards. However, Islamic finance is an economic model imitates the essence of a faith that is a way of life for Muslims. Therefore, the pressure to keep alive the nature of Islamic financing in a Shariah compliant way remains powerful and the Sukuk structures must not only imitate this but also preserve competitiveness. Often it is the case that a fine balance is affect between Shariah conformity and project viability considerations to the degree or extent that jurists and Shariah consultants play a constantly vital impression in the classify of the Sukuk thought. For your information, there are a number of discrepancies regarding the applicability of Islamic financial instruments against the different schools of thought as well as the legal regimes in which the Sukuk are issued such a theoretical ambiguity would pose further operational risks that the Islamic bank might be run post nominal of Shariah jurisdictions. For example, the theoretical applicability of the Murabaha contract varies between different schools of thought and various jurists such as the Organization of the Islamic Conference (OIC) Fiqh Academy concur that the Murabaha contract is binding on only the seller of the contract and not on the buyer but other jurists hold the prospect that both the parties to a contract have an equal obligation to the terms of the contract. However, it is notable that financial engineering has made it possible for Shariah positions to join together. For example, a few years ago, floating rate Ijara was not broadly conceivable to be Shariah compliant as, according to the Shariah principles, the originator can only guarantee rents (returns) on the fixed return underlying assets. As mentioned above, fixed rate Sukuk face serious matters of market risks nowadays and to match the market requirements of Sukuk to be floating rate, the Shariah r equirements of rents must be in the fixed rate and the Ijara Sukuk are based on a Master Ijara Agreement with numerous subordinate Ijara agreements. Besides, in the subordinate Ijara contracts, the rents are revised semi-annually in accordance with the market benchmark. This is to ensure the rent is fixed for 6 months and floating at the same time. Major Ijara Sukuk likes Gutherie, Malaysia, Qatar, Saxony-Anhalt and so on are based on this marriage. Other than that, the investors might still have some matters in interest rate risk to a certain extent and they would be unprotected in the event that the floating rate rises to a level higher than the fixed rate of the underlying assets. Since the originator can only guarantee the fixed return on the underlying asset pools, the issue of floating rate returns still maintain disputatious, particularly in pooled hybrid Sukuk. So, the only major issuer to offer fixed rate distributions is the IDB which continues to face the underlying ra te of return risk. Another example relates to the liquidity facility. Liquidity facility is something likes a letter of credit,  standby bond purchase agreement  or other arrangement used to render liquidity  to purchase  securities or accommodates funds to the agent or its issuer to buy the securities that have been  tendered  to the  issuer  or its agent but which cannot be immediately or directly remarketed  to new investors until such time as they can be remarketed and the provider of the liquidity facility is typically a bank. Besides, stipulations for a liquidity facility to abate lags between payments to investors and returns on the underlying asset pools have been analyzed by the prospectuses of the sukuk. Some liquidity facilities have been formed to permit the trustee to make some advantages to the facility for any liquidity deficit ensuing from default in the Sukuk asset pools and the imbursement of the liq uidity services have been provisional upon surplus funds after the distribution of coupon payments to the Sukuk holders. However, it has been suggested by Shariah scholars that the sole purpose of such a liquidity facility should be to easily out delays between investor payments and returns on the underlying asset pools and the importance of such a liquidity facility can most efficiently be accumulated where the arrangement has floating rate payments because of the fixed rate returns would give the non-existence of interest rate differentials. A third example of the shariah compliance risk is that the functions and the relationships of special purpose vehicles (SPVs) and other third party agents. In the occurrence of a wakil or agent of the guarantor, wakil have to be separate entities to countermand any conflicts of interest and moral hazards. There also had been proposals to appeal to two SPVs in several instances instead of one. In this case, the first SPV would have to manage the financial obligations of purchasing and reselling the underlying Sukuk assets to the second SPV that would be a trust with the purpose of issuing the certificates. However, Shariah considerations prefer a single streamlined SPV that would perform in both functions of financing the transaction of Sukuk assets and servicing the trust certificates for the investors such an SPV should have foregoing experience in financial markets and they also should to remain independent of the originator. In the nutshells, what can I say here is the association of Shariah supervisors with Sukuk issues will guarantee investor confidence? The answer definitely will be yes. However, the convenience with which the Shariah compliance requirements can be married with the conditions of market competitiveness will remain a great challenge for the Sukuk issues. 3.9.4 Operational Risk Operational risk is a  form of  risk that summarizes the risks of a company or firm undertakes  when its try to operate within in their area or industry and operational risk is where the risk that is definitely not inbuilt in budgeting,  systematic or market wide  risk and whereas it is the risk that remaining after  crucial financing and systematic risk and it also includes risks resulting from  breakdowns in internal procedures, people and systems. However, there are several other risks definite to the process of the Sukuks and these risks mirror those continuances in conventional bond markets and are operational in the sense that they are inherent to the structure of the issuances rather than the underlying Islamic principles. Operational risk is divided into six risks which are default risk, coupon payment risk, asset redemption risk, spv specific risk, investor specific risk and lastly risk related to the asset as following: Firstly is the default risk which every prospectus has provisions for the termination of the certificate in the event of a default by the obligor and in case if the obligor fails to pay the rentals on the Ijarah agreements that form the coupon payments, the certificate holder can exercise the right to abolish the agreements of the contact and force the obligor to purchase back all the assets .Furthermore, certificate holder also can exercise the right to take legal action and force the obligor into debt rescheduling proceedings in the event that the obligor fails to compensate the principal amount of the certificate holder . Secondly is the coupon payment risk which the obligor might be fault to make a payment on the required coupons on the due date given and any delayed coupons will be subject to a specified payment amount that will be accumulated with the special purpose vehicles (SPV). However, these accumulated funds are suggested by Shariah councils to be donated for charita ble purposes. Thirdly is the asset redemption risk where the originator has to purchase back the underlying assets from the certificate holder. Furthermore, the principal amount paid may not be same to the Sukuk issue amount and as a result, there is the risk that the assets may not be fully redeemed. Next, the special purpose vehicle (spv) is generally designated to be a standalone institute that is bankruptcy or black list remote from the originator. However, there may be a view of resolution risk involved with the SPV in that the originator will have to network the payments through a clearinghouse and then the certificate holders will be compensate through the clearinghouse immediately. Another risk is the investor specific risk where the certificate holder is contributed to some of the risks that are applicable to Sukuk structures and these are primarily with respect of liquidity issues. Besides, the Sukuk structures, they are welcoming in dealing with liquidity managem ent issues in Islamic finance where the Islamic finance is revealed to a liquidity risk. Currently, there are related to liquidity risk because mainly its does not exist a good structured and sufficiently liquid secondary market. In addition,as we know the certificates are listed on several local markets but this alone does not signify their liquidity and the Sukuk certificates are medium to long term in maturity and their continued success will definitely depends on their ability to develop into highly liquid means of fund investment with adequate risk management mechanisms. However, as is the currently the case, all of the certificates be liable to remain until last of their maturity. Last but not least, Risk related to asset is the concealed assets of the Sukuk certificates where this risk is are similar to other risks as well and mainly there is the risk of loss of the assets and these are minimal with regards to Ijarah assets of land parcels. However, in case of equipment an d massive scale formation typifying some of the underlying IDB assets the risk of loss may not be so insignificant. Nevertheless, Islamic finance has Shariah providing acquiescent for insurance compensations in the structure of Takaful and these arrangements might have to be utilized to diminish the risks of asset losses and as it is related to the asset risk as well is the need to maintain the structures of the assets. Besides, proper maintenance will certify capable returns to the certificate holder and according to Shariah principles, the SPV will usually be required to bear the responsibilities on ensuring asset structure maintenance. 3.9.5 Institutional Rigidity Sukuk as we know is originate from developing countries and the financial infrastructure in some of these countries such as Bahrain and Malaysia are well developed but generally this infrastructure is delicate in most emerging economies. In our country Malaysia, sukuk are already used by Muslim and also non Muslim. It is not something new in this era. In addition, Sukuk require unique Shariah compliant structures and this creates a state, which can be termed as one of institutional rigidity and which cannot be removed in the short run, habitually it will raised the risks of Sukuks. The features of this state that having the matters are likes: Lack of hedging and financial engineering processes. For your information, hedging is making an investment to lower the risk of opposing price movements or drive in an asset. However, normally a hedge made up of taking an offsetting situation in allied to the security likes a futures contract. Non-existence of interbank money markets. Lack of best practice uniform controlling standards and commands. Weaknesses in litigation and legal framework support, particularly, in the treatment of default Non-uniform accounting, auditing and income and shortfall of recognition systems Non-strong investment assessment, promotion and monitoring infrastructure Ineffective external credit assessment systems Undeveloped state of financial markets Weak inter-segmental support and lost in connections. For example, without life insurance coverage the credit risk of a client is sure to be high. This is one of the important risk factors faced by Islamic banks due to non-existence of comprehensive Islamic insurance coverage. 3.10 Calculation Mechanism Sukuk profit is coming fromÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦.. As Shariah think about money to be a assessment appliance for cost and not stand for an asset in itself but it also need to stand in need of that one may not be accomplished to take income from money by itself. For your information, this self assurance of capital from money is known as Riba, and is obviously not allowed and now we already know that a lot of people misused their powers and keep doing these illegal activities but in sukuk we really take serious of this matter. However, some note that it is the money lending interpretation that is the more relevant for example when interest is applied in an unequal manner that can make or force individuals into debt traps and also a revolution of hardship and this already not special to Shariah as many non Islamic countries have extortion laws. In making a profit in sukuk, there also have the presumption for Islamic financial institutions and securitisations that the selling of claim or receivables without the hidden asset for par is not allowable. However, we need to take noted that some of the extant in Sukuk and somehow some of the Shariah boards arise to approve that as long as receivables are in a small part of the all embracing income flows and their existence is acceptable even though there is some alteration in the meaning of little. For the second point that have been raised by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is that they offensive the trading of receivables or claims as such in both of the Sukuk securitisations was seen to the due date so the physical assets such as land and properties are going to bring about the cash flows and also have been rendered to the investors as well as the payments or receivables due on those assets. If Tamweel or Sorouh PJSC is going alter to impoverish so the legal ownership of the properties and land might basically in with the investors. In addition, Institutions likes AAOIFI and the Islamic Financial Services Boa rd has an important part to caper in working together the different parties in an organised fashion to argue the affair and attain an agreement that will eventually lead to adequate standardisation to achieve the common long term goals of Islamic finance. Besides, in the censured Gulf Sukuk structures, there is naturally a rent or lease management income derived from the asset. However, under the Ijarah rent type affinity so the company obviously will agrees to make a payment on the given time to the Sukuk holders salary for applying of the asset and these will form the periodic fixed income flow that imitate the coupon in a conventional bond. However, in other structures likes Mudarabah and Musharaka, there might be several capitals that flow from the assets that are going to pass through to the Sukuk holders to make a payment for the profit. However, if there is an extra income officially it is taken as an encouragement fee or if there is a deficit, the maker has basically has an obligation to make a payment to the changes of the differences. The third AAOIFI principle come into view that they will stand to this practice and hinders the payments or loans if there is a loss in the expected earnings. Thus, same with the purchase responsibility and what we were talk over below, the investors again will depends on the corporate or bank to pay back their profit but not based on the underlying assets. How do we can calculate the profit rate from Sukuk? Do you think that sukuk will be a model to the conventional bond market? In our analyses, the answer definitely will be yes. Many people keep questioning how a Shariah compliant, non interest aspect the appliance might be recognizing in opposition to London Interbank Offered Rate  (LIBOR). For us, to use an analogy, for example if I have a building and lease it out to renters at a rate based on market forces, market forces might be stand for by a formula which may comprise all the cost of borrowing. Nowadays, we live a life in a worldwide economy where the amount of tale on loan influences even what we pay for our day to day provisions. However, there is therefore did not effect in referencing revenue to LIBOR as long as the asset that is appropriate is a Shariah compliant asset and it has been prove when the enormous most of qualified scholars hold up this observation or view. Another thing that we are forbidden to do is to give or lend money with the purpose to take money in the future at a profit or in the form of interest. Nowadays, most o f them like to lend money with a high interest but in Islamic law that is not the one trade that may advantage civilization as you are going to make a capital out of capital, as follows honestly speaking, the rich become better and richer while the poor turns to be worse and poorer. In addition here, there constantly has to be an hidden buying and selling behind it in which case you may absolve a blemish up or revenue rate and in Islamic law also advises us that we cannot trade money. Generally, capital is absolutely a medium of exchange and not a goods itself that might be traded. Pricing of Sukuks with Embedded Options How we are going to pricing sukuk with embedded option? Embedded option means a bond can be valued similar to the valuation of selection on equities by implementing binomial trees. In conventional bond issuance the value of the underlying assets will base on the level of interest rates whereas in Islamic contracts interest rates are substituted with the rate of return on the underlying assets. We can analyses the valuation of embedded options using altering scenarios in a tree diagram. Assume that futures one-year rates of return develop are as follows: YEAR 0 1 2 3 8.10 7.50 7.00 7.25 Rates 6.50 6.50 6.00 6.25 5.60 5.10 The represented tree can be utilized to value zero coupon certificates of various maturities. For example, the value of a 1-year zero coupon bonds at time 0 is B (0, 1) = 1/1.065 = 93.89 % of par value The value of a 2-year certificate at time 0 can be determined using the same discount mechanism. The value of a 1-year zero coupons at time 0 can be calculated as: If r= 7.00 1/1.07 = 93.45% of par value If r= 6.00 1/1.06 = 94.34% of par value As a result, an investor who owns a 2-year zero coupons knows that the investment will be worth either 93.45% of par value of 94.34% of par value in one year. If the probabilities of the two scenarios altered for risk are known then the investor can value the two year zero coupon bonds accordingly. Assuming 60 percent for r=7.00 and 40 percent for r=6 we can infer the value of 2-year zero coupon bond to be: B (0, 2) = 1/1.065 x [(0.6) x 93.45 + (0.4) x 94.34] = 88.0807 % of par value The estimate of callable bonds will appeal an adjusted technique as the callable bond is basically a portfolio of a non-callable bond and an American call option written with the non-callable bond as the underlying and a raid the price that is given by the call price. Accordingly, at each bulge of the tree the value of the bond can be given as follows: P = 1 + C at maturity P = max [CP, (1+C)/(1+r) ] one year prior to maturity P = max [{CP, 0.5 x (Pu + Pd) + C} (1 + r)] more than one year to maturity CP = price of the option C = coupon r = rate of return Pu = value of the certificate in one year if return goes up Pd = value of the certificate in one year if return goes down 4.0 Conclusion The overall finding of this research included in this study is clearly understood thorough the conclusion of this report that Sukuk, as mentioned earlier, has become a very important instrument worldwide over the past decade and it has been accepted not only by the Muslim investors but also by the many non-Muslim investors across the world. Its characteristics have allowed it to give a competitive advantage over other influential in the Islamic Capital Market. There are other advantage of Sukuk for the economies and financial markets in terms of discipline and more financial stability. Hence, the purpose of this work research did not extend beyond examining and analyzing issues which are very important to the future development and enhancement of the Sukuk industry. It is expected that Sukuk will encourage many Muslims world-wide to participate in financial markets and hence will be instrumental in expanding these markets, particularly in the evolving countries. In this research we analyzed a number of issues related to the evolution, underlying principles, structures, risks and competitiveness of Sukuk as Shariah compliant substitutes to traditional fixed income financial assets. Other than that, the evolution of the sukuk market in our country, Malaysia might be result in extensive and wide-ranging measures which include the creation of an effective issuance manner and it will increasing the price discovery manner and agreement system, enacting a method bear, developing the investor base, advertising liquidity in the secondary market, and protecting the lawful, arrangement and Syariah composition. The foundations for the allowable development of Islamic finance in general and the Islamic bond market in particular are now in place and it is hoped that current incentives and measures under the MIFC initiative as well as other internal and external factors, will encourage local and international financial market players to become MIFC service providers. By doing so, and by making Malaysia as their regional hub, these players might definitely boost their market attain and blow up their buyer satisfaction bases within this region. The observation of our research in sukuk is made on the basis of the following points like firstly, the essential employment and objective of the Sukuk issuance is to outfit way of bargain in the capital and money market sector to all society Muslim investors as well as non Muslims. However, for the Muslim investor they will make them harmony of mind, security reliance are high and focus attention on this thing. However, until mid 2008 the international Sukuk market was driven mainly by corporate issues or qausi-sovereign mostly without implicit government guarantee while sovereign Sukuk were few which had resulted into imbalance and hurdle for issues such as creation of bench mark yield curve. Since then, due to the financial crisis, the international Sukuk issuance trend has shifted towards Sovereign or f ew multilateral agencies issuances mainly due to better quality safe heaven reasons. Furthermore, there has been limited investors appetite for corporate risk. As regard to the issuances of Sukuk at the domestic level, the analysis shows that Malaysia is ahead. However, with consider to the growth in both international and domestic Sukuk issuances, the conclusion reached based on this study is that, until 2007 there has been high growth in both international and domestic Sukuk issuances, but the growth pattern was twist by the credit crunch. Nevertheless, in first half of 2009 the growth trend again showed sign of recovery and the market may have witnessed a stead reversal in Sukuk issuance if it was not hit by few troubled Sukuk issues. Tenor wise international Sukuk is mostly confined to 5 year tenor and there are just a couple of long term Sukuk which again high light the need for having balance between short, medium and long term tenors more for secondary market development purposes. At international level the Ijarah Sukuk is the most broadly used followed by Musharakah. During mid 2008 to mid 2009 the market witnessed the issuance of Sukuk dominated by Ijarah organize where issuance by Government of Indonesia of its retail and sovereign Sukuk are good examples. However, exchangeable or convertible and Hybrid Sukuk structures have also emerged as one of the potential growth drivers due to their innovation possible and also equity market link. Finally, the market situation and AAOIFI Shariah panel finding had affected the Musharakah and Mudarabah Sukuk issuance. However, we are of the view that the evaluation and the development of Sukuk is counted on to carry on which necessitate more and continue effort and improvement in many of its aspects. Admitting the challenges facing Islamic securitizations and bonds, there are likes to be a tough desire to overcome with explanations that will global up these product locality and numerous of chief investment banks and law firms are digging hard to find Shariah-compliant matters. However, to the liable investor appetency in the Gulf region and in the Far East for Halal investment chances and they require of many Islamic financial institutions to securities their hidden financings, we have faith in that overcome might be swiftly advanced that issue these arouse and these markets will establish abundant ground for all contributors. The recent trend shows that the Islamic Capital Market has grown and has drawn increasing interest from among the market players. This has motivate the need for creating appropriate measures in recognizing and measuring transactions relating to the issuance and investment of Islamic bonds to ensure compliance with Shariah Law. Hence, in response towards this need, AAOIFI has issued a new standard, FAS 17 which covers Islamic investments including Sukuk. Based to the standard, Islamic bonds should be categorized into three categories according to investment i ntentions, rather than two categories in accordance to the period of holding as is the practice in the traditional accounting. The classification of Islamic bonds is made to promote public maslahah or interest as underlies in the determination of zakat. Further, the standard states that the recognition for investment in Sukuk and shares shall be made on the acquisition date. In terms of its measurement, Islamic bonds should be measured at historical cost rather than fair market value. The standard also specifies the necessary requirements for Sukuk disclosures. The goal of these termination requirements is to ensure that adequate disclosure is made by the issuer of Sukuk for the purpose of assessing whether or not it complies with Shariah Law. In the effort to position Malaysia as a premier international Islamic financial centre, the Malaysian government has to encourage the private sector to be more effectively. The market for Sukuk authentication continues to grow and an import ant facet of this growth is the increased number of sovereign issuances typified by those issued by Malaysia, Bahrain and Qatar and, interestingly, Saxony-Anhalt in Germany. These certificates are appealing to global investors without having too much bearing on the underlying Islamicity of the certificates. Accordingly, Islamic secondary markets receive a boost because such sovereign issuances and the subsequent attraction of global investments encourage increased corporate confidence in their private issuances. Nevertheless, Ijarah Sukuks continue to hold as the most popular manifestation of Sukuk certificates. This is largely in part to their unambiguous Shariah conformity and familiar leasing formulae. However, leasing contracts on underlying real estate properties cannot single-handedly support the growing diversity of Sukuk investors. With increased global investors there will be a myriad of investment needs and thus other avenues of Sukuk issuances should be implemented to sat isfy these demands. Istisnaa, Mudarabah and Musharakah certificates are established as part of the AAOIFI standard and can be garnered to offer a plethora of Sukuk structures. The recent Sukuk issuance by the Islamic Development Bank serves as an excellent case study in this regard with their Shariah compliant diversity of investments. With the rapid emergence of Sukuk markets, risk management considerations have also come to the vanguard of the industry. Novel financial instruments bring with them original financial risks. An analogous situation represented itself in conventional financial markets in the early 80s with the emergence of interest rate derivatives to hedge against the financial risks of bonds. With the globalization of financial markets and increased convergence of Islamic finance and conventional markets, indirect interest rate effects as well as other financial risks will necessitate the development of Islamic financial risk management techniques. Derivatives are inherently against Shariah considerations because of the uncertainty associated with them that amounts to Gharar. However, we have discussed the possibility of extending the functions of embedded options to fit the needs of Sukuk certificates and Shariah considerations. This facility also provides a debt structure framework that helps to regulate the functions of traditional instruments in turn benefit from the convexity gains of these instrument. Firstly, there are no markets for liquid interest rate derivatives and secondly, interest rates are fluctuations lead to significant gain in credit risk and lower the bonds price. Accordingly to these statement, investors in emerging markets is suffering from the negative effects of volatilities but cannot benefit from the positive side and such benefits have been garnered in conventional emerging markets such as in brazil where the interest rate volatilities is the 90s warranted a protective cushion against these fluctuations in the f orm of putt able and callable bonds these debt structures can be transferred to the sukuk issuances in accordance to outstanding shariah concerns. However, in conventional markets, investors have also garnered the positive effects of swaps between different interest rates, exchange rates and between floating and fixed rates. Again, the feasibility of swaps in Islamic markets has been in contention as they are deemed to contravene Shariah considerations. However, the emergence of Sukuk certificates as mechanisms of liquidity management presents a novel asset-backed securities structure that can set the foundation for supporting risk-management derivative instruments. Our discussion centred on the viability of a swap between floating rate Sukuk (FRS) and fixed rate zero coupon embedded Sukuk (ZCES). Needless to say, the limit is not here. According to the standard, Islamic bonds should be classified into three categories according to investment intentions, rather than two catego ries in accordance to the period of holding as is the practice in the traditional accounting. The classification of Islamic bonds is made to promote public maslahah or interest as underlies in the determination of zakat. Further, the standard states that the recognition for investment in Sukuk and shares shall be made on the acquisition date. In terms of its measurement, Islamic bonds should be measured at historical cost rather than fair market value. The standard also specifies the necessary requirements for Sukuk disclosures. The goal of these disclosure requirements is to ensure that adequate disclosure is made by the issuer of Sukuk for the purpose of assessing whether or not it complies with Shariah Law. In the effort to position Malaysia as a premier international Islamic financial centre, the Malaysian government has to encourage the private sector to be more innovative in developing products and services that are in line with Shariah. It is also imperative that the accou nting practices adopted in the recording and reporting of Islamic bonds fully conforms to Shariah requirements and principles. Islamic scholars must continue to work with the financial professionals so that the knowledge gap between them can be reduced. In the future, empirical research should be carried out to compare the accounting treatment adopted and the reporting practices of organizations issuing Sukuk in Malaysia. It will also be beneficial to investigate the main differences between the practices adapted to account for Sukuk and the conventional bonds under the traditional accounting system. The sukuk market delivers a lot of advantages to both issuers and investors. Issuers can advantage from the bulky rose in liquidity in the Islamic world and also may beat on these new sources of funds. Mainstream bonds has been 10 to 20 basis points higher than the rising financing from the Islamic bond market in the current environment. Numbers of multilateral that arise in agencies are issuing sukuks to fund the projects of development. In addition, both corporate divisions and government agencies have taken into consideration that the sukuk market will be an striking source of funding. From the investor point of view, there are the advantages of diversification. In a sukuk issue in 2005, 48% of the issuance was bid by conventional-based investors. Excess liquidity in the global financial system has increased the demand for sukuk. That is also why sukuks are appealingly priced for issuers. The other advantage of investing for sukuk instrument is, firstly sukuk are valued aggressively in channel with conventional bond issues. Secondly, sukuk generally have better risk profile. Next, sukuk are contractible and fill the need for Shariah compatible tradable instruments. Lastly, short term Islamic financial market can benefit from Sukuk. In the nutshell, Sukuks provide an important research agenda for the future. Our research only clearly covers some of the important points. There is more work to be done and these topics can be expanded upon in further studies.