Use of Derivatives in Risk Management Term Paper

Use of Derivatives in Risk Management - Term Paper Example Following are the major sorts of instruments applied by organizations to manage the financial risks associated with business activity. Futures and Options In this type of instrument, one individual or business signs a contract with another one to purchase the commodity on some future date with an agreed-upon price. However, in futures both of the parties have to go through with the contract while in options both of the parties reserve the right to withdraw the contract upon paying in monetary terms. Agreements: This instrument is localized in nature, and governments do not interfere with its transactions. Nevertheless, the purpose of these agreements is the same as that of futures and options, which is to hedge against fluctuations in the market price of the commodity or an industrial product. It is also important to note that these kinds of agreements are more common in economically distressed nations. But, recently they are intensively deployed in order to ensure a supply of raw material in US, which is necessary because of the prevailing recession in the local market. So, it is safe to assume that businesses are preparing themselves for increasing adversities of the future by contracting with their suppliers on a long term basis, which also enables them to attain economies of scale as a result, driving their financial and operational costs down that allows them to lower their prices in order to increase their market share. Nevertheless, it is fascinating to acknowledge that various businesses are paying close attention towards managing financial risk through using statistical models in order to assess the current level of risk, which can disrupt the expected pattern of their cash flows (Benson & Oliver, 2004). However, they often lack the proper translation of this analysis into practical plans, so in this way they cannot benefit from the concept of derivatives effectively most of the times. On the other hand, manufacturing sector of Europe is using derivatives more extensively than American ones (SpricIc, 2007). The prime reason for this trend is prevailing and growing uncertainty of the European market as compared to that of America. Along with this, managers who deploy derivatives in order to evaluate the degree of risk in financial terms are viewed as trustworthy by stockholders because they consider it as the proper and desirable means of minimizing financial threats (Koonce, Lipe, & McAnally, 2008). However, managers are found to falter by not basing their business decisions on the results of derivative analysis, therefore portraying the image of rational business decision making when in reality it is not the case. At the same time, derivatives are not rated as an effective mean for minimizing the possibility of default (Yi, Lin, & Chen, 2008). Therefore, derivatives can only be utilized as the mean of predicting future financial position of a particular firm. However, it is important to note that firms that base their decisions on derivative analysis often outperform those that do not consider derivatives as an ideal method for predicting financial future (Lin, Pantzalis, & Park, 2009). Another advantage of successful risk management is contentment of stockholders (Berk, Peterlin, & Cok, 2009). Through effective management, risk managers can handle them and are

No child left behind Essay Example | Topics and Well Written Essays - 250 words

No child left behind - Essay Example Until 2008, all students who are in elementary through high school will be required to take a science exam. Second, based on test results, there are many students who didnt receive good grades on their tests. As such, the school must do everything in their power to improve these grades. If the students dont do well, the school must reduce the number of teachers, which would make class sizes larger. Also, the government will reduce the number of supplies that the school gets. Third, if a teacher cannot improve the students’ grades three years in a row, then the government can fire the teacher. The educational process should be evaluated because it has become a big problem. Children with disabilities are excluded from schools, and therefore proper education, and teachers can also conduct problems, which affects the way that students learn. Furthermore, assessments for children with disabilities need specific adjustments that modify the line of achievement goals, regardless of a child’s disability, that can be applied to all students. There greatest problem with this is that many disabled children are unable to learn at the same pace as other students, and they may not have the same capacity for retaining knowledge. It would be unfair to judge disabled kids with abled kids, and vice versa. However, some people agree with this policy. Even those who made the education policy mandates on assessments by the execution of educational research and policy, as well as the annual math and reading tests to follow the students learning progress, believe that there is a lot to b e argued about No Child Left Behind. Most schools do not want want to accept this law and many people, including experts, feel that the entire legislation should be

The Evolution of Linux Research Paper Example | Topics and Well Written Essays - 750 words

The Evolution of Linux - Research Paper Example This document focuses on the evolution of Linux since its establishment to the present version. The main reason for discussing the development of Linux is to understand various changes that have occurred in Linux. In addition, studying the evolution of Linux is of importance to planning for future development of the computer system. The origin of Linux can be traced back to the establishment of UNIX in 1969. UNIX was developed and created at Bell Labs in the process of developing a simple system with recyclable code. However, the primary development of Linux occurred in 1991. Linux was initially developed as a self-contained kernel by Linus Toverlds with a goal of enhancing UNIX compatibility. Development and evaluation of Linux have extensively relied on user collaboration and experience with the operating system from many parts of the world. The system is designed to operate reliably and efficiently on common personal computer hardware although it can also run on other platforms (Silberschatz, 2002). Linux has undergone evolution from one version to the other since it was developed. The first version of the Linux Kernel is Linux version 0.01. The version was developed in May 1991 by the Linux developer Linus Toverlds. Linux version 0.01 had limited features and was limited to specific processors and hardware. The version was only operating on PC hardware and 80386-compatible Intel processors. In addition, Linux version 0.01 was only supported by the Minx file system. It was also difficult to network with the Linux version 0.01 because it had no networking capability (Silberschatz, 2002). On October 5th, 1991, Torvalds released a better version of Linux known as Linux version 0.02 that required Minix to run. However, it received more attention than Linux version 0.01. The kernel improved rapidly within the year, and large number of users and volunteers communicated through social media on the internet. In December 1991, an operational,

Learning from the Case of Joe Salatino Research Paper

Learning from the Case of Joe Salatino - Research Paper Example The customer attributes the salesperson’s hometown news fluency to internal factors, specifically to their similarity, competence, and caring, factors under the salesperson’s control, and not to external factors like just trying to make a random sale to a random target. Salatino could also explain how critical behaviors and expressions of rapport with the customer are during the fast and furious blue-light special sales. Saving money is certainly part of the equation, the most visible customer factor in the sales. But even in those fast and furious moments, when the customer is thrown off-balance by the pace of the special circumstance sale, the customer is caught off-guard, induced into a kind of trance state by the intensity of the moment, and more vulnerable to suggestion, if the salesperson makes use of that appropriately. In such a state, the customer makes the attribution that the salesperson is their guide, friend, and mentor, is highly competent and is making a massive effort on their behalf. The customer believes the salesperson is keeping in mind their needs, and watching their back. This is an internal attribution. An external attribution would be for the customer to draw a conclusion that they were just lucky to have good timing, by answering the phone in time for a special. But, with external attribution, the customer will not feel any reciprocal connection with the salesperson or the company, in the way they would if they attribute the circumstances of the sale to the salesperson’s competence and effort. The whirling blue light motivates the salesperson’s most intense and concentrated efforts to catch the customer’s attention, and lead them to perceive that there is a shopping emergency, that time is of the essence. But it is the attitude and behavior of the salesperson that leads to additional purchases and customer loyalty. Salatino could explain that internal attributions, when applied to a situation that has gone wrong, can solicit more punitive behavior, as a reaction (Slocum, 2009, p.84). Therefore, when circumstances turn negative, within the perception of the customer (for example, they were unable to successfully complete their preferred selection during a blue-light special, due to a credit card malfunction, or the phone connection was dropped), if the customer blames the salesperson and the company, a potential loyal customer may be eternally lost. However, if the customer has strong rapport with the salesperson, and positive antecedents (information, beliefs, motivation), an external attribution is more likely to be made, and the situation is more easily managed by the salesperson and the company, in a way that fosters customer loyalty. The customer will be more likely to notice that the company and salesperson have consistent supportive behavior, that these circumstances are distinct, and that their experience falls within the range of normal, given the circumstances. Since cus tomer loyalty translates into more money, it is a good idea to educate all salespeople about how these factors shape customer perception, and how these perceptions have monetary outcomes. Each salesperson who participates in the workshop should be assigned to shadow a top salesperson for 2 hours, so that they can see these concepts in application. Although salespeople are highly competitive, the result could mean increased sales

First Term Students Essay Example for Free

First Term Students Essay For every college student the first term is always the hardest. In most cases the hardest part in college is the transition from high school to college. The first week of college most students feel isolated and separated from friends. Assuming you don’t know anyone that goes to your school makes it harder to meet new friends. You know you are going to get a lot of work and you must do well on your studies. In order to do well in your studies you are going to have to locate your resources and be comfortable accessing them. While making time to get settled in, you must also arrange time to study. In the first week it may be hard to find time and may be hard to get use to the transaction, but things will get easier, sooner than you might think! Some of the hardest parts of starting college are, feeling isolated, finding resources, and making time to study. In this essay I will make it easier for students to transact to the college life. The first week or so of college can make you feel very isolated. Being separated from friends and family can be lonely. Not knowing anyone makes it harder to find your way around. In this case you need to continue what you need to do and put yourself out there. You may not meet anyone your first week, you just have to wait and continue doing what you need to do, and remember there are lots of other students out there that are in the same boat as you. So, encourage yourself to put yourself out there. Maybe sit next to someone at lunch that is sitting alone or find someone in the common room to watch TV with. There are many opportunities to find friends you just have to give it time. Finding resources are great help on homework and make it easier on your studies. Getting the right resources for your studies is very important especially if you don’t have a laptop. Almost all of your resources will be from a book found in the library, or a book you have to order from the bookstore. If you are getting a book from the library you can just read it there or you can check it out for free. If you need a certain book for a certain class, you need to buy or rent a book from the bookstore. Ordering a book may take up to a few days or a week, since lots of other students are looking for this book too, so be prepared to wait and try to order your book early. For many students this is a lot of work to balance on your plate. As a college student you must also make time to study. One of the big differences between High School and college is that college gives a lot more homework. Therefore you must allow yourself more time to study. The average college student should give themself two hours for every hour they have in class. Which depending on how many classes you are taking, that can add up to a lot of hours. For every first time student this will be very hard to get use to and may take a couple weeks to get a routine down. I think what helps me keep up with my grades is to stay ahead of them and never fall behind. Once you fall behind it just gives you more work to do and makes it harder to get back up. It is very hard for every student in his or her first year. In order to be more comfortable with your school you must learn the transaction from High School to college. From being separated from friends, finding your resources, to balancing your studies. College can very frustrating at first, but by giving it some time and following these steps can make college life much easier.

Diabetes Mellitus Among Filipinos Philippines Health And Social Care Essay

Diabetes Mellitus Among Filipinos Philippines Health And Social Care Essay Most of us just heard about diabetes but how much do we know about it. The thing that we only know that many people does have diabetes mellitus, and most of them are Filipinos. There Mellitus are more than 300,000 Filipinos who suffer from Diabetes Mellitus. In the United States, there are about 16 million diabetics and about 1800 new cases are diagnosed each year. Type I Diabetes, used to be called Juvenile Diabetes, is insulin-dependent (the persons pancreas does not produce insulin), meaning insulin injection is needed to treat the condition. It is medically known as IDDM (Insulin). Dependent Diabetes Mellitus, most commonly among persons younger than 30 years old associated obesity is not common. It accounts for 5 to 10% of all diabetics. Type II Diabetes is NIDDM (Non-Insulin Dependent Diabetes Melllitus), which can be treated by pills (sulfonyl ureas, antihyperglycemic drugs) rather than insulin, most commonly found Diabetes those who are older than 30, and associated obesity i s frequent. It accounts for majority (90 to 95%) of diabetics. The third type is Gestational Diabetes. Diabetes mellitus is a condition in which the pancreas no longer produces enough insulin or cells stop responding to the insulin that is produced, so that glucose in the blood cannot be absorbed into the cells of the body. Symptoms include frequent urination, lethargy, excessive thirst, and hunger. The treatment includes changes in diet, oral medications, and in some cases, daily injections of insulin. The most common form of diabetes is Type II, It is sometimes called age-onset or adult-onset diabetes, and this form of diabetes occurs most often in people who are overweight and who do not exercise. Type II is considered a milder form of diabetes because of its slow onset (sometimes developing over the course of several years) and because it usually can be controlled with diet and oral medication. The consequences of uncontrolled and untreated Type II diabetes, however, are the just as serious as those for Type I. This form is also called noninsulin-dependent diabetes, a term that is somewhat misleading. Many people with Type II diabetes can control the condition with diet and oral medications, however, insulin injections are sometimes necessary if treatment with diet and oral medication is not working. The causes of diabetes mellitus are unclear, however, there seem to be both hereditary (genetic factors passed on in families) and environmental factors involved. Research has shown that some people who develop diabetes have common genetic markers. In Type I diabetes, the immune system, the bodys defense system against infection, is believed to be triggered by a virus or another microorganism that destroys cells in the pancreas that produce insulin. In Type II diabetes, age, obesity, and family history of diabetes play a role. In Type II diabetes, the pancreas may produce enough insulin, however, cells have become resistant to the insulin produced and it may not work as effectively. Symptoms of Type II diabetes can begin so gradually that a person may not know that he or she has it. Early signs are lethargy, extreme thirst, and frequent urination. Other symptoms may include sudden weight loss, slow wound healing, urinary tract infections, gum disease, or blurred vision. It is not unusual for Type II diabetes to be detected while a patient is seeing a doctor about another health concern that is actually being caused by the yet undiagnosed diabetes. Education is the Cornerstone of Diabetic Therapy said by World Health Organization. We will try to see and enumerate in this study the dominance of Diabetes Mellitus Among Filipinos in the Philippines. B. Statement of the Problem The research aims to know the dominance of diabetes Mellitus and the different factors that affect a person specifically, the study sought to answer the following questions: Specifically the study sought to answer the following: How prevalent is the diabetes mellitus? Which type of diabetes is most common among Filipinos? Is diabetes hereditary? What are the signs and symptoms of Diabetes Mellitus that occurs to all diabetic Filipinos? What are the things that can be done to treat Diabetes? C. Hypothesis There is very huge number of diabetic people and they are continuing to grow even more larger as expected, due to the different factors related to the illness. D. Significance of the Study The study is important for several reasons. Goverment officials of the Philippine Republic. The government officials will eventually know that one of the disease that kills a person is diabetes, and for them to give importance in giving a prioritize fund about it. Nursing Students. The students will realize the importance of taking good care of their self, especially their eating habits which is the most common reason of having Diabetes. Parents. The study will serve as guide to parents on how to manage the proper diet for their family knowing the study of diabetes Mellitus. Future Researchers. The research paper will help them to more about it in a concrete way. So that, they will be able to conduct a more efficient research on this. E. Scope and Delimitation The study aims to determine the dominance of diabetes among Filipinos here in the Philippines. Furthermore, this research explored the statistics of Filipinos who have Diabetes Mellitus. Diabetic Filipinos in Philippines are the only concerned population and it is limited to the study of Diabetes Mellitus. F. Materials and Methods G. Definition of Terms In order to have a clear view of the problem in this study, some terms considered relevant to the study have been made defined. Diabetes Mellitus. Often referred to simply as diabetes (Ancient Greek: ÃŽÂ ´ÃƒÅ½Ã‚ ¹ÃƒÅ½Ã‚ ±ÃƒÅ½Ã‚ ²ÃƒÅ½Ã‚ ±ÃƒÅ½Ã‚ ¯ÃƒÅ½Ã‚ ½ÃƒÅ½Ã‚ µÃƒÅ½Ã‚ ¹ÃƒÅ½Ã‚ ½ to pass through), is a syndrome of disordered metabolism, usually due to a combination of hereditary and environmental causes, resulting in abnormally high blood sugar levels (hyperglycemia). Diabetes type 1. Is usually diagnosed in children and young adults, and was previously known as juvenile diabetes. In type 1 diabetes, the body does not produce insulin. Insulin is a hormone that is needed to convert sugar (glucose), starches and other food into energy needed for daily life. Insulin. A polypeptide hormone secreted by the islets of Langerhans and functioning in the regulation of the metabolism of carbohydrates and fats, especially the conversion of glucose to glycogen, which lowers the blood glucose level. Any of various pharmaceutical preparations containing this hormone that are derived from the pancreas of certain animals or produced through genetic engineering and are used in the medical treatment and management of diabetes mellitus Sulfonylurea. Any of a group of hypoglycemic drugs, such as tolbutamide, that act on the beta cells of the pancreas to increase the secretion of insulin. Anti-hyperglycemic Drug. A drug that helps to move out of the system the presence of an abnormally high concentration of glucose in the blood. Gestational Diabetes. is a condition in which women without previously diagnosed diabetes exhibit high blood glucose levels during pregnancy. Microorganism. An organism of microscopic or submicroscopic size, especially a bacterium or protozoan. Pancreas. Secretes hormones that affect the level of sugar in the blood. These cells secrete: Glucagon-raises the level of glucose (sugar) in the blood Insulin-stimulates cells to use glucose Somatostatin-may regulate the secretion of glucagons and insulin. Hereditary. Transmitted or capable of being transmitted genetically from parent to offspring: a hereditary disease. E.g. Diabetes Mellitus. Lethargy. abnormal drowsiness : the quality or state of being lazy, sluggish, or indifferent. Chapter 2 Related Literature Many people are diagnose to have diabetes mellitus and there are also many people who didnt know that they have diabetes. The extent of its disease In Filipinos is really big. Prevalence of Diabetes Mellitus among Filipinos Different statistic has been laid out by different people at different time. Administration [1] Four point one (4.1%) of Filipinos have diabetes mellitus. At the current estimate of the population, this means 2.5 million Filipinos with diabetes, with perhaps an equal number which remain undiagnosed. Administration [2] The health care Indicator statistics of the Department of Health has found that diabetes is the ninth leading cause of death in the Philippines, affecting 1 out of 25 Filipinos. As estimated 3.36 Million Filipinos are affected by the disease today. Leading cause of mortality by sex, number, rate/100,000 population and percentage Philippines, 2003.Diabtes Mellitus, Male-6,823, Females-7,373, number, rate-17.5% and a percentage of 3.6.This number is expected to rise to about 8 million after 20 years. Types of Diabetes most common among Filipinos Gonzales [3] There are two main types of diabetes mellitus: type 1 and type 2. There are several other specific types, but they occur rarely. There is also a type of diabetes, gestational diabetes mellitus that occurs during pregnancy. In this type of diabetes, the abnormality in sugar metabolism usually disappears after delivery although women who develop this condition are at a higher risk (30-60 percent) of developing diabetes later in life. Type 1 diabetes, which accounts for about five to 10 percent of all cases of diabetes, is an autoimmune disease. An autoimmune disease results when the body s defense system (immune system) against infection and other foreign substances turns awry and attacks the bodys own cells.Type 2 diabetes the type that afflicts your partner is the most common form of diabetes. It accounts for about 90-95 percent of all cases of diabetes mellitus. Initially, people diagnosed with this type of diabetes produce enough insulin, but for unknown reasons, the cells do not respond appropriately to it. Subsequently, over a period of years, insulin production by the pancreas decreases. Diabetes a Hereditary Gonzales [ 3] The risk of a person with a parent with type 2 diabetes of developing diabetes is about 15 percent if the parent was diagnosed before age 50 (as in the case of your husband) and seven to eight percent if the parent was diagnosed after age 50. If both parents have type 2 diabetes, the probability is about 40 percent. Signs And Symptoms of Diabetes Mellitus Manzella [4] Signs and symptoms of Diabetes Mellitus: Frequent trips to the bathroom, Unquenchable Thirst, Losing Weight Without Trying, Weakness and Fatigue, Tingling or Numbness in Your Hands, Legs or Feet, and Blurred vision, skin that is dry or itchy, frequent infections or cuts and bruises that take a long time to heal are also signs that something is amiss. Things done that leads to a better health even you have Diabetes. Administration [5] There is currently no cure for diabetes Mellitus. Diet, exercise, and careful monitoring of blood glucose levels are the keys to manage diabetes so that patients can live a relatively normal life. Diabetes can be life-threatening if not properly managed, so patients should not attempt to treat this condition without medical supervision. Treatment of diabetes focuses on two goals: keeping blood glucose within normal range and preventing the development of long-term complications. Alternative treatments cannot replace the need for insulin but they may enhance insulins effectiveness and may lower blood glucose levels. In addition, alternative medicines may help to treat complications of the disease and improve quality of life. References: A. Book Boulton, A. J. and Rayman, G. (2006). The Fact in Diabetes. West Sussex, England: John Wiley and Sons Limited. RD 563 B6 2006. Unger, U. M. D. (2001). Diabetes Management in Primary Care. Philadelphia, USA: Lippincott Williams and Wilkins a Wolters Kluwer Business. RC 660 U5 2007. Schwarts, S. L. (1989). Management of Diabetes Mellitus. Texas, USA: Essential Medical Information System, Inc. MS616 462 sch1m 1989. Drum, D. and Zierenberg, T. (2006). The Type II Diabetes Sourcebook. New York, USA: The McGraw-Hill Companies, Inc. 616 462 D8447 2006. Frost, G. and Moses, R. (2003). Nutritional Management of Diabetes Mellitus. West Sussex, England: John Wiley and Sons Limited. 616.4620654 F92n 2003. Parriesh, D. and Machado, A. C. (2006). Healing Gourmet eat to beat Diabetes. New York, USA: Medical Meals, Inc. 616.4620654 d197H 2006. B. Article Pultante, Jr. Diabetic Foot Care, Manila Bulletin, (August 17, 2002). p.11-13. Gonzales, Dr. Eduardo G. Diabetes Mellitus, Manila Bulletin, (August 23, 2005). p. C-4 Ramirez, Carlo Gerando. Therapy Option for Type I Diabetes, Manila Bulletin, (February 25, 2002). p. 1 Mercado, Charmaine. How to Help a loved one with a medical condition, Health Today, (December 2003). p. 50-51. Tacio, Elena D. Diabetes: Hidden Epidemic, Philippine Panorama, (August 3, 2003). p.19 Sy, Gary S. What is Diabetes Mellitus?, Manila Bulletin, (August 21, 2002). p.11-12. Mamanglu, Shianee. Juvenile Diabetes cases rising in RP, Manila Bulletin, (March 28, 2000). p.23. Gonzales, Eduardo G. A Primer on Diabetes Mellitus, Manila Bulletin, (July 16, 2007). p. C-5. Fox, Maggie. New drug study raises worries, Manila Bulletin, (May 23, 2007). p.11, B-12. Sy, Gary s. Understanding Diabetes and its Complications, Manila Bulletin, (January 25, 2008). p.11, B-18. Lopez, Estrellita. Diabetes and Diet, Life Today, (June 2001). p.15. Tacio, Henrylite D. Taking Diabetes More Seriously, Manila Bulletin, (October 21, 2003). p.32-33. Lansang, Segundo L. Diabetes, A Brief History, Life Today, (June 2001). Calcimon, Nerissa V. Nature of Diabetes, Life Today, (June 2001). Lopez, Estrellita. Treatment of Diabetes, Life Today, (June 2001). Salazar, Tessa R. 2-M-1 Pill for Diabetes, Philippine Daily Inquirer, (April 22, 2006). p. B-6. Puyalte, Jose.Now that youre Diabetic, Womens Journal, (April 9, 2001). p.11. Moseh, Terry L. WHO: Diabetes, a health threat, Manila Bulletin, (November 27, 2005). p.H-2. Gomez, Ma. Congee S. Beware: Diabetes the New Health Scare, Womens Journal, (August 24, 1996). p.40-41. C. Electronic Media Manriquez, D.J.: Diabetes Melltus.2008. Diabetes Profile. February 22, 2009 Manzella, D. : Top Warning Signs of Diabetes December 15, 2008. Diabetes Mellitus. P., Erlich H.A ET. Al. The association of class 1 and II alleles with type I diabetes among Filipinos June 2002. Diabetes rising among Filipinos. February 22, 2009. http://article.wn.com/view/2008/11/11/Diabetes_rising_among_Filipinos Philippine Inquirer  ¶ Diabetes Mellitus Case Study. May 15, 2008. http://nursinocrib.com/diabetes_mellitus_case_study Treatments for Diabetes Alternative. Medicine February 22, 2009http://www.shirleys_wellness_cafe.com/diabetes.htm. Diabetes Mellitus. Februaty 22, 2009. www.diabetes center.org.ph/?fid=education Februaty 22, 2009

Family Issues in the Play Death of a Salesman Essay -- success, life, p

The play, Death of a Salesman, is a tragic drama about an aging salesman who tries to do all he can to support his family and make them lead successful lives. The struggling salesman, Willy Loman has two sons, Biff and Happy, whom he tries to drive towards success. Willy believes that being well liked and making a good and lasting impression are the keys to success and tries to teach this philosophy to his two sons. Biff, being the favorite son of Willy, has worked as a manual laborer and Willy believes that Biff can do so much more with his life. While Biff is happy, he does not meet Willy’s criteria for success. Biff is unable to fulfill Willy’s dream because Willy’s idea of success is not a life Biff wants to pursue. Biff Loman, a highly successful high school football player, was supposedly meant for great things after high school. However, Biff failed to graduate from high school due to failing a mathematics class, and also did not complete the class during summer school, because of the discussion he had with his father. The discussion was one that was eye-opening, as Biff learned that his father was unfaithful to his mother, â€Å"You—you gave her Mama’s stockings†¦don’t touch me, you—liar...You fake! You phony little fake! You fake!â€Å" (95). This is the moment in the play where Biff lost all respect for his father. Due to not graduating, he lost his athletic scholarship to the University of Virginia. Since then, Biff has been working blue-collar jobs in the west while not making over thirty-five dollars a week. He is happy there but realizes that there is not much future in that line of work and ends up returning home without a job. Willy cannot understand how everything could have gone so wrong for Biff. Willy has always been und... ...him† (111). This play has a story that I feel like many people can relate to. In my case, my dad would prefer if I followed his footsteps into medicine, but he says to do what I enjoy. While I certainly wouldn’t rule that field out, it is nice to know that if I want to do something different, I have my family’s support. In conclusion, Biff will not follow in Willy’s footsteps due to the fact that he has no motivation or desire to go into the business world. Willy dies thinking that his life was a success because of the money he is leaving for his son whereas it is not, at least in the way he thinks. Biff breaks free from Willy’s false dream and tells Happy: â€Å"He had the wrong dreams. All, all, wrong... He never knew who he was† (111). Happy does end up taking the money to start a business and while that was not Willy’s main aim; it is something rather than nothing. Family Issues in the Play Death of a Salesman Essay -- success, life, p The play, Death of a Salesman, is a tragic drama about an aging salesman who tries to do all he can to support his family and make them lead successful lives. The struggling salesman, Willy Loman has two sons, Biff and Happy, whom he tries to drive towards success. Willy believes that being well liked and making a good and lasting impression are the keys to success and tries to teach this philosophy to his two sons. Biff, being the favorite son of Willy, has worked as a manual laborer and Willy believes that Biff can do so much more with his life. While Biff is happy, he does not meet Willy’s criteria for success. Biff is unable to fulfill Willy’s dream because Willy’s idea of success is not a life Biff wants to pursue. Biff Loman, a highly successful high school football player, was supposedly meant for great things after high school. However, Biff failed to graduate from high school due to failing a mathematics class, and also did not complete the class during summer school, because of the discussion he had with his father. The discussion was one that was eye-opening, as Biff learned that his father was unfaithful to his mother, â€Å"You—you gave her Mama’s stockings†¦don’t touch me, you—liar...You fake! You phony little fake! You fake!â€Å" (95). This is the moment in the play where Biff lost all respect for his father. Due to not graduating, he lost his athletic scholarship to the University of Virginia. Since then, Biff has been working blue-collar jobs in the west while not making over thirty-five dollars a week. He is happy there but realizes that there is not much future in that line of work and ends up returning home without a job. Willy cannot understand how everything could have gone so wrong for Biff. Willy has always been und... ...him† (111). This play has a story that I feel like many people can relate to. In my case, my dad would prefer if I followed his footsteps into medicine, but he says to do what I enjoy. While I certainly wouldn’t rule that field out, it is nice to know that if I want to do something different, I have my family’s support. In conclusion, Biff will not follow in Willy’s footsteps due to the fact that he has no motivation or desire to go into the business world. Willy dies thinking that his life was a success because of the money he is leaving for his son whereas it is not, at least in the way he thinks. Biff breaks free from Willy’s false dream and tells Happy: â€Å"He had the wrong dreams. All, all, wrong... He never knew who he was† (111). Happy does end up taking the money to start a business and while that was not Willy’s main aim; it is something rather than nothing.