Introduction Essay Example For Students

Introduction Essay Science and technology are advancing at a very rapid rate, but do we really understand all that is going on? Probably not. This paper will identify current issues related to science and technology from the business, governmental, and societal perspectives. However, before we can begin to understand the advances in science and technology, we must know the definitions of them. The Microsoft Encarta 97 Encyclopedia on compact disk defines science as the observation, identification, description, experimental investigation, and theoretical explanation of a phenomena and it defines technology as the application of science, especially in industry or commerce.Business TechnologyTechnology is increasingly seen as the defining characteristics of contemporary life. Looking backward, man has been distinguished from other species due to its use of tools and construction of artifacts, leading from one stage of evolution to another. In this fast moving world humans are totally dependent of sophist icated technological systems to meet virtually all their needs: food, housing, clothing, security, communication, transportation, health, entertainment, and learning. We have built machines to control machines. Artificial intelligence is one of the major technological breakthroughs. Economists, historians, and sociologists all stress the importance of technology, but then trend to treat it with neglect, if not with outright contempt(Drucker). More surprisingly, businesses and businessmen have done little to understand technology and even less to manage it(Drucker). Modern business is, to a very considerable extent, the creature of technology. Certainly the large business organization is primarily the business response to technological development. Modern industry was born when the new technology of power generation-primarily waterpower at first-forced manufacturing activities out of home and workshop and under one roof(Drucker). The modern factory began with the textile industry in eighteenth century Britain(Drucker). Also, the large business enterprise of today has its roots in the first big business, the railroad of the mid-nineteenth century, at least in technological innovation(Drucker). From then until now the growths of industries, such as, computers to pharmaceuticals have largely been the outgrowth of new technology(Drucker). At the same time business, has increasingly become the creator of technology(Drucker). Two Faces of a CoinThe businesses and businessmen who maintain the traditional attitude toward technology see it as something puzzling, something outward, and something for which other people are responsible. Technology will be a threat to their survival, but to businesses and businessmen, who accept technology as their tool and their responsibility, it will be a major benefit. Results and DataThroughout the duration of completing my Excel spreadsheet I found thefollowing information. Table 1|Financial| ||Details | ||Weekly Income |$1,050.0|| |0 ||Weekly |$450.00 ||Outgoing| ||Bank Balance |$15,000.|| |00||Monthly Income|$4,550.0|| |0 ||Monthly |$1,950.0||Outgoing|0 ||Max Repayment |$2,210.0|| |0 |This is the Couples Financial details. The financier has to take thisinformation into example when finding a repayment plan best for the couple. Table 2|Interest |Present Value ||Rate| ||6% |$308,473.51||9% |$245,630.35||12%|$200,710.91||15%|$167,832.43||18%|$143,198.57|I got this information by using the PV (present Value) with the ABS(absolute) to help retrieve the right answer. The PV formula is PV (rate,nper, pmt) the rate is interest rate nper is the number of repayments andpmt is a payment made monthly. pic Questions1.$286568.3693 / =ABS(PV(9%/12,12*20,2578.33))2.$225150.7822 / =ABS(PV(9%/12,12*20,2025.83))3.Celeron 2.2 GHz CPU 256 MBs of Ram LCD TFT 15 monitor Optical Mouse4.Microsoft Excel 2002Microsoft Word 2002Operating system Windows XP Professional 20025.PV function ABS function Merging Cells Sum formula Number SequencesConclusionIn conclusion I think this spreadsheet would come in very useful to peoplewanting to find a repayment plan which best suits them. Which h is veryimportant in the repaying of the loan.