POVERTY-NO MONEY-DEPRIVATION,LACK OF RESOURCES

Complete 6 page APA formatted essay: POVERTY-NO MONEY-DEPRIVATION,LACK OF RESOURCES IN UK.An illness has wider social implications and refers to the personal experience while a disease is a malfunctioning diagnosed by a qualified health practitioner as suggested by Davey and Seale (2002). The negative approach is dominant over the positive approach and has implications on health measurement since it indicates health in a negative perspective by measuring how unhealthy the population is.Social surveys including the General Household survey (GHS) research on health matter giving unbiased analysis. Health matters vary in many ways according to sex, age, social classes, ethnic groups, location and the social structure. There are multiple factors affecting health and inequality including socio-economic, physical environment and psychological factors.Unequal access to proper transport has adverse implications on social mobility and this determines access to health services and education. According to reports lack of access to a vehicle is the main transport factor affecting exclusion of the low-income group. It is stated that transport provision and cost may act as a hindrance to access to health facilities which leads to poor health among the excluded people. A Social Exclusion Review Unit studied the problems associated with access to health care and the impact of traffic on marginalized communities. Levels of exclusion are associated with economic status of individuals, age and geographical location and affect both urban and rural inhabitants’ lack of money, physical immobility and timings and routing of public means of transport.There is a positive relationship between ownership of proper housing and the affordability of quality health services by an individual. This is affected by the income of an individual and affects other factors including education of the individual. Proper housing has evidence of positive health choices and development of attitudes and aspirations for the

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Estimate the NPV and IRR for each of these scenarios. Estimate the expected NPV.

Estimate the NPV and IRR for each of these scenarios. Estimate the expected NPV.

Introduction:
You are the senior financial analyst for Fosbeck Generic Drug Co (Fosbeck). The firm manufactures and sells generic over-the-counter drugs in plants located throughout the country. You have been asked to generate some answers to questions emanating from the Board of Directors. These questions can be grouped into two broad categories – what projects to choose for the near future and how to finance these projects.

Deliverable:
Please present your recommendations in a report written for your supervisor, the firm Controller. Clearly show your analysis and communicate your conclusions and recommendations. Support your report by calculations in the Excel spreadsheets. In your report, explain the results of each portion of your analysis (represented by the tabs on the Excel template). Submit all the completed Excel worksheets with the completed responses to the questions posed to support your report and recommendation.

Steps to Completion:
Individual Project Analysis
Your first task is to analyze the company’s three projects and provide your recommendations about their implementation.

Automation project
One of Fosbeck’s plants is trying to decide whether to automate its drug manufacturing by purchasing a fully automated bioreactor machine complex.

The proposed machine costs $500 M and it will have a five year anticipated life and will be depreciated by using the 3-year MACRS depreciation method toward a zero salvage value. (MACRS depreciation rates are: Year 1: 33%, Year 2: 45%, Year 3: 15% and Year 4: 7%) However, the plant will be able to sell the machine in the after-market for 25% of its original costs at the end of year 5. The firm estimates that the installation of the bioreactor will bring annual costs savings of $50 M from reduced labor costs, $10 M per year from reduced waste disposal costs, and $80 M per year from the sales byproduct of bioreactor process net of selling expenses. Fosbeck requires a 12% of return from its investment and has a 21% marginal tax rate.

Decision Criteria – NPV and IRR

· Calculate the NPV and IRR for the project.

· The manager of the plant raised some concerns about the revenues from the byproduct sale. He projects that the price of the byproduct in year 1 and the following years could be 10% to 50% less than what was projected. However, the savings from reduced labor costs and reduced waste disposal costs would remain same. He presented the following probability distribution on the projected reclaimed plastic sales:

Remain same as projected 40%

Decrease by 10% 30%

Decrease by 30% 20%

Decrease by 50% 10%

Estimate the NPV and IRR for each of these scenarios. Estimate the expected NPV.

Break-even Analysis

· At what volume of byproduct sales would Fosbeck have a break-even NPV=0?

Fosbuvir Project
The company considers development of a new drug to treat Hepatitis C, code-named the Fosbuvir Project. Fosbeck has already spent $420 M on preliminary research for drug development and it will need another $600 M on development this year (tax deductible) and $2 B in CapEx next year (these cash outlays are not part of the cash flows that you have estimated earlier, because this project is not approved yet). Capital expenditures will be depreciated over 10 years using straight line depreciation.

The patent for the drug is pending and the company expects to receive an FDA approval and start selling the drug in two years. If approved, revenues in the first year of sales are $10 B with subsequent annual growth of 50% over the next three years (until the fourth year of sales), after which the sales will be stable between the fourth and the tenth years of sales. After that the drug will lose the patent protection and its manufacturing is expected to stop. The CoGS are estimated to be 15% of revenues and SG&A expenses are $2 B a year if the drug is produced and zero otherwise.

Expected revenues and expenses should take into account the uncertainty of getting the patent and FDA approval. The company estimates the probability of getting the approval in two years is 10% (i.e., if the company gets the approval the revenue is $10 B, if it does not, the revenue is zero, which makes the expected revenue in the first year of sales equal to $1 B). Even if Fosbuvir gets approved by FDA, each year there is a 5 % probability of the patent becoming obsolete due to a new drug entering the market, in which case the revenues, as well as CoGS and SG&A expenses will drop to zero.

NPV and IRR

· Estimate expected revenues and costs, taking probability of approval and probability of the patent becoming obsolete into account

· Please estimate the NPV and IRR of the Fosbuvir Project, using the company’s WACC of 12%.

Real Option

One of your colleagues pointed out that instead of starting construction before the FDA approval, the company can invest only $0.8 B next year (depreciated over 10 years) and delay the remaining $1.2 B investment (depreciated over 8 years) for two years until the drug gets approved. Only if the drug gets approved will Fosbeck proceed with the second stage investment, which will take place in three years. The sales will commence in four years at the level of $10 B with subsequent annual growth of 50% over the next three years, after which the sales will be stable, but due to delay the company will lose two years of revenues. The probability of patent obsolescence remains the same as before – 5% each year.

· What is the NPV of this two-stage investment?

Two-stage investment alternative can be evaluated by simply calculating the NPV for two different outcomes (FDA approval or not) and then finding the expected value. Alternatively a Monte Carlo simulation can be used (see below). To check your calculations look at expected NPVs found using these two approaches – they should be nearly identical.

· Is the option to delay the project valuable? Explain.

Monte Carlo Simulation (extra credit 5%) – ATTENTION! This part is completely optional

You want to evaluate the Fosbuvir Project using Monte Carlo simulation (see the template) based on probability of FDA approval in two years and patent obsolescence in each subsequent year. You can either use Crystal Ball or you are welcome to use any other software, including the Random Data generator in Data Analysis Pack.

· What is the probability of a positive NPV?

· Please discuss the riskiness of the project.

Pharmaset, Inc. Acquisition
The reason of the low probability of FDA approval for Fosbuvir is that another company, Pharmaset, Inc., is working on a similar drug, called FosbuvirP, and is very close to getting FDA approval and a patent. If Pharmaset gets a patent, Fosbeck’s own application will be denied. Therefore, instead of developing Fosbuvir internally, Fosbeck can acquire Pharmaset. Pharmaset already has manufacturing facilities in place and FosbuvirP is its only product. The book value of the company’s fixed assets is $3 B, which will be depreciated using the straight-line depreciation over the next 10 years. Pharmaset expects to receive the FDA approval and patent by the end of this year with sales starting next year. Its next year revenues are expected to be $4 B ($10 B revenue in case of success times the 40% probability of success) with subsequent annual growth of 50% over the next three years (until the fourth year of sales), after which the sales will be stable until the tenth year of sales. After that the drug will lose the patent protection and its manufacturing is expected to stop. The CoGS are expected to be 15% of revenues and SG&A expenses are $3.5 B a year if the drug is produced and zero otherwise. In other words, in case of FDA approval Pharmaset’s revenues and costs will be similar to Fosbeck’s, but SG&A expenses will be higher. If Fosbeck were to acquire Pharmaset, it would be able to bring SG&A costs down to Fosbeck’s level. The probability of FDA approval is 40% and the probability of patent obsolescence remains the same as before – 5% each year.

Mergers and Acquisitions. Target (Pharmaset) Valuation

Pharmaset’s management would be open to the sale in the valuation range of $ 22 to 26 Billion.

· Please estimate Pharmaset’s value to Fosbeck, if it gets acquired.

Recommendations
Upon reviewing Fosbeck’s choices, what project(s) would you recommend?

Venture Capital Financing
Finally, to further reduce its risk Fosbeck considers keeping acquired Pharmaset as a separate company. In this case Fosbeck will eventually shift its R&D to Pharmaset, which will continue as a viable business even after the initial patent expires. Therefore, we can ignore the probability of a patent becoming obsolete. However, if FDA approval is not received this year, Pharmaset will go bankrupt, in which case its fixed assets will be sold at residual book value.

A venture capital (VC) firm Menlo Ventures is willing to provide financing of up to $5 B in acquisition of Pharmaset.

If the VC agrees to invest in Pharmaset, it plans to exit after eight years at which time it expects that the company’s value would be eight times its year 8 EBIT.

Menlo Ventures offers three different ways of structuring the financing:

  1. Straight common stock where the VC will not receive any dividend for the first four years and will receive 20% of NOPAT as a dividend for the remaining four years. The expected tax rate for Pharmaset is 21%. In addition, the VC will receive a 20% ownership of the company’s equity at the end of eight years. In the case of bankruptcy 20% ownership of the company’s equity will apply to the book value immediately
  2. Redeemable convertible debt with 10% coupon rate (interest is tax-deductible). The debt will be converted for 15% ownership of the equity of Pharmaset at the end of eight years. In the case of bankruptcy the debt will be immediately redeemed at its face value or at the residual assets’ book value, whichever number is lower.
  3. Redeemable preferred stock with 7.5% dividend plus warrants for 15% of the equity for an exercise price of $150 M. In the case of bankruptcy the debt will be immediately redeemed at its face value or at the residual assets’ book value, whichever number is lower.

Which financing method should be selected by Fosbeck? Should it accept Menlo Ventures offer? Explain your answer.

Frequently Asked Questions/Helpful Hints:
Is it enough to submit Excel file?
No! The deliverable outcome is your written report to the CFO. You use Excel to support your recommendations

Is there a minimum or maximum size of the report?
Although there is no formal minimum size of the report, it has to address all issues raised and provide your analysis and supporting evidence. To complete the thorough analysis required for this assignment you will probably need 3-4 pages. It is also a good idea to add a one-page executive summary to your report.

Similarly, there is no maximum limit for the report, but please avoid adding superfluous information to your report.

How do I set up Crystal Ball simulation?
Hint: use “Yes-No” distribution to create a binary (one or zero) variable indicating project continuation each year. Make revenues and costs dependent values of these binary variables.

How do I explain whether the option to delay the project valuable?
Analyze the costs and benefits of making the capital investment in two steps and delaying the project’s positive cash flows by two years and shortening the revenue stream.

Are preferred dividends tax deductible?
No, unlike coupon payments, preferred dividends are not tax deductible.

How do I decide which financing option is better?
One approach would be to see which option is less costly from Fosbeck’s management point of view.

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Which of the following would best conclude that essay?

Question 1(Multiple Choice Worth 5 points)

[MC]

A student is concluding an informative essay about Frederick Douglass’s impact on the abolition of slavery. Which of the following would best conclude that essay?

He was an important figure who had many interesting views and opinions. His voice demanded justice for those who had no choice in their destiny. Libraries across the country frequently get named for this leader. The history books will never forget this important man.

Question 2(Multiple Choice Worth 5 points)

[MC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

What is one of the lessons Douglass impresses on his listeners?

The nation should not rejoice until everyone has freedom. He must speak on the Fourth of July in order to bring change. For him to join the celebration would be treason. He can see the perspective of slaves and citizens with equal clarity.

Question 3(Multiple Choice Worth 5 points)

[LC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

Read this line from the text:

I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us.

Why does Douglass say he is not included?

He cannot relate to the sorrow the country feels for their misguided policies on slavery. He was told by someone in the crowd to leave. He feels disconnected from a nation that has endorsed slavery. He feels uncertain of his own nationality in such a melting pot of a country.

Question 4(Multiple Choice Worth 5 points)

[MC]

Which sentence correctly uses hyphens?

The accountant gave the tables a quick-glance of review. The sugared-fruit was popular at first but then overlooked. The quick-thinking, well-dressed speaker shocked the audience. The actress was still fretted-over before her stage entrance.

Question 5(Multiple Choice Worth 5 points)

[MC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

Which words best describe Douglass’s tone in this excerpt?

Apologetic, reverent Forceful, angry Reassuring, thoughtful Sympathetic, energetic

Question 6(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.

In the manner of my friend I was at once struck with an incoherence—an inconsistency; and I soon found this to arise from a series of feeble and futile struggles to overcome an habitual trepidancy—an excessive nervous agitation. For something of this nature I had indeed been prepared, no less by his letter, than by reminiscences of certain boyish traits, and by conclusions deduced from his peculiar physical conformation and temperament. His action was alternately vivacious and sullen. His voice varied rapidly from a tremulous indecision to that species of energetic concision—that abrupt, weighty, unhurried, and hollow-sounding enunciation—that leaden, self-balanced and perfectly modulated guttural utterance.
1Bored

Read this line from the text:

His action was alternately vivacious and sullen.

Pay close attention to the words in this sentence. What meaning is the author trying to convey?

Usher was always unhappy. Usher was always happy. Usher seemed sometimes happy and sometimes sad. Usher hid his emotions and looked still.

Question 7(Multiple Choice Worth 5 points)

[LC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

For whom does Douglass claim to speak in this speech?

Slaves Slave owners All Americans Men

Question 8(Multiple Choice Worth 5 points)

[LC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

According to Douglass, who is unable to experience the joy of the celebration?

All free people Any slave owner All enslaved people Any American citizen

Question 9(Multiple Choice Worth 5 points)

[LC]

Read these two sentences:

  • Marie forgot her lunch at home.
  • She had to borrow money from a friend for lunch.

Which transition word correctly links the two sentences?

Additionally Consequently Furthermore However

Question 10(Multiple Choice Worth 5 points)

[LC]

Which sentence contains a word that needs a hyphen?

Jordan decided to resign from the candidacy. Allen would need to resign the forms. Bridget would need to recover the lost flier. Sally’s body will recover eventually.

Question 11(Multiple Choice Worth 5 points)

[HC]

WHAT TO THE SLAVE IS THE FOURTH OF JULY?
By Frederick Douglass
Extract from an Oration, at Rochester, July 5, 1852

Fellow-Citizens—Pardon me, and allow me to ask, why am I called upon to speak here to-day? What have I, or those I represent, to do with your national independence? Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to us? and am I, therefore, called upon to bring our humble offering to the national altar, and to confess the benefits, and express devout gratitude for the blessings, resulting from your independence to us?

But, such is not the state of the case. I say it with a sad sense of the disparity between us. I am not included within the pale of this glorious anniversary! Your high independence only reveals the immeasurable distance between us. The blessings in which you this day rejoice, are not enjoyed in common. The rich inheritance of justice, liberty, prosperity, and independence, bequeathed by your fathers, is shared by you, not by me. The sunlight that brought life and healing to you, has brought stripes and death to me. This Fourth of July is yours, not mine. You may rejoice, I must mourn. To drag a man in fetters into the grand illuminated temple of liberty, and call upon him to join you in joyous anthems, were inhuman mockery and sacrilegious irony. Do you mean, citizens, to mock me, by asking me to speak to-day? . . .

Fellow-citizens, above your national, tumultuous joy, I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them. If I do forget, if I do not faithfully remember those bleeding children of sorrow this day, “may my right hand forget her cunning, and may my tongue cleave to the roof of my mouth!” To forget them, to pass lightly over their wrongs, and to chime in with the popular theme, would be treason most scandalous and shocking, and would make me a reproach before God and the world. My subject, then, fellow-citizens, is AMERICAN SLAVERY. I shall see this day and its popular characteristics from the slave’s point of view. Standing there, identified with the American bondman, making his wrongs mine, I do not hesitate to declare, with all my soul, that the character and conduct of this nation never looked blacker to me than on this Fourth of July. Whether we turn to the declarations of the past, or to the professions of the present, the conduct of the nation seems equally hideous and revolting.

Which of the following correctly describes the main purpose of the second paragraph?

To reprimand his listeners for forgetting past and present injustices To remind the audience that the Fourth of July is only for citizens To impress the disparity of experience between citizens and slaves To reveal the steps needed to end slavery

Question 12(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.
1Bored

How did the narrator feel upon seeing Roderick Usher?

Afraid, distressed, alarmed Angry, disgusted, betrayed Confused, worried, surprised Bored, distracted, unamused

Question 13(Multiple Choice Worth 5 points)

[MC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.

In the manner of my friend I was at once struck with an incoherence—an inconsistency; and I soon found this to arise from a series of feeble and futile struggles to overcome an habitual trepidancy—an excessive nervous agitation. For something of this nature I had indeed been prepared, no less by his letter, than by reminiscences of certain boyish traits, and by conclusions deduced from his peculiar physical conformation and temperament. His action was alternately vivacious and sullen. His voice varied rapidly from a tremulous indecision to that species of energetic concision—that abrupt, weighty, unhurried, and hollow-sounding enunciation—that leaden, self-balanced and perfectly modulated guttural utterance.
1Bored

Which of the following descriptions does Poe use to directly illustrate the “incoherence” and “inconsistency” of Usher?

suffered to grow all unheeded His voice varied rapidly ghastly pallor of the skin A cadaverousness of complexion

Question 14(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.
1Bored

Which sentence summarizes the meaning of this passage?

The narrator is surprised and concerned. The narrator has never felt happier. The narrator is afraid of death. The narrator has found his true purpose.

Question 15(Multiple Choice Worth 5 points)

[MC]

Which of the following would be most relevant to an informative paper explaining the process and commitment required to become an air traffic controller?

Interview with a recently hired air traffic controller Lists of schools that offer courses relevant to air traffic control Studies comparing the number of air traffic controllers today to the numbers ten years ago Studies suggesting a connection between controller fatigue and accidents

Question 16(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

The room in which I found myself was very large and lofty. The windows were long, narrow, and pointed, and at so vast a distance from the black oaken floor as to be altogether inaccessible from within. Feeble gleams of encrimsoned light made their way through the trellised panes, and served to render sufficiently distinct the more prominent objects around; the eye, however, struggled in vain to reach the remoter angles of the chamber, or the recesses of the vaulted and fretted ceiling. Dark draperies hung upon the walls. The general furniture was profuse, comfortless, antique, and tattered. Many books and musical instruments lay scattered about, but failed to give any vitality to the scene. I felt that I breathed an atmosphere of sorrow. An air of stern, deep, and irredeemable gloom hung over and pervaded all.

Read these lines from the text:

I felt that I breathed an atmosphere of sorrow. An air of stern, deep, and irredeemable gloom hung over and pervaded all.

What feeling is the author trying to express in these lines?

Pleasure Sadness Excitement Fury

Question 17(Multiple Choice Worth 5 points)

[MC]

Read these lines from Fredrick Douglass’s speech “What to The Slave Is the Fourth of July?”

The blessings in which you this day rejoice, are not enjoyed in common.

Which of the following correctly defines the word common as it is used here?

Of ordinary occurrence; usual Of the most familiar type Falling below ordinary standards Shared alike by all the persons in question

Question 18(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

The room in which I found myself was very large and lofty. The windows were long, narrow, and pointed, and at so vast a distance from the black oaken floor as to be altogether inaccessible from within. Feeble gleams of encrimsoned light made their way through the trellised panes, and served to render sufficiently distinct the more prominent objects around; the eye, however, struggled in vain to reach the remoter angles of the chamber, or the recesses of the vaulted and fretted ceiling. Dark draperies hung upon the walls. The general furniture was profuse, comfortless, antique, and tattered. Many books and musical instruments lay scattered about, but failed to give any vitality to the scene. I felt that I breathed an atmosphere of sorrow. An air of stern, deep, and irredeemable gloom hung over and pervaded all.

What image does the author create of the room?

A messy place where someone is unhappy A tidy place where someone is stressed out A small place where someone is cooped up A bright place where someone is happy

Question 19(Multiple Choice Worth 5 points)

[MC]

Karin has found the following information during the research process for her informative paper:

  • A map of rainfall amounts in three neighboring states
  • A scientific description of the conditions that create droughts
  • A collection of stories from survivors of extreme droughts
  • A list of major water conservation efforts in the area

What is the most useful next step in the writing process for Karin?

Conduct an interview of a local scientist. Develop the organizational plan for this information. Determine how these sources relate to each other. Write an introduction and conclusion for the paper.

Question 20(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.
1Bored

Read this line from the text:

It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood.

What does the wording of this sentence convey to the reader?

His friend seems so changed that he barely recognizes him. His friend has been cruel to him too many times. His friend is being impersonated by someone else. His friend no longer respects their history together.

Question 21(Multiple Choice Worth 5 points)

[MC]

Read this line from “The Fall of the House of Usher” by Edgar Allen Poe:

In the manner of my friend I was at once struck with an incoherence—an inconsistency; and I soon found this to arise from a series of feeble and futile struggles to overcome an habitual trepidancy—an excessive nervous agitation.

Which word from this sentence does Poe present as a synonym for the word trepidancy?

Manner Incoherence Inconsistency Agitation

Question 22(Multiple Choice Worth 5 points)

[MC]

Read these lines from Fredrick Douglass’s speech “What to The Slave Is the Fourth of July?”

I hear the mournful wail of millions, whose chains, heavy and grievous yesterday, are to-day rendered more intolerable by the jubilant shouts that reach them.

Which definition of rendered is most likely suited for this line?

Caused to be a certain nature Melted down Repeated or recited Submitted for approval

Question 23(Multiple Choice Worth 5 points)

[MC]

Which option presents citation information in the most credible way?

According to Elana Martin, company spokesperson, “the error has not been traced to its ultimate source.” According to various sources, “the error has not been traced to its ultimate source.” “The error has not been traced to its ultimate source,” said the company spokesperson during Saturday’s interview. This error has not “been traced to its ultimate source,” according to a company spokesperson.

Question 24(Multiple Choice Worth 5 points)

[LC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.

In the manner of my friend I was at once struck with an incoherence—an inconsistency; and I soon found this to arise from a series of feeble and futile struggles to overcome an habitual trepidancy—an excessive nervous agitation. For something of this nature I had indeed been prepared, no less by his letter, than by reminiscences of certain boyish traits, and by conclusions deduced from his peculiar physical conformation and temperament. His action was alternately vivacious and sullen. His voice varied rapidly from a tremulous indecision to that species of energetic concision—that abrupt, weighty, unhurried, and hollow-sounding enunciation—that leaden, self-balanced and perfectly modulated guttural utterance.
1Bored

Which words from the text best describe the narrator’s reaction to Usher?

prevailing character of these features any idea of simple humanity feeble and futile struggles startled and even awed

Question 25(Multiple Choice Worth 5 points)

[MC]

Which sentence below most strongly emphasizes the role of Gina?

A gift was given to me by Gina, who wanted to thank me for helping with the bake sale. Because I helped with the bake sale, Gina gave me a present as a way to say “thank you.” Gina gave me the most amazing present as a thank-you gift for helping with the bake sale. To thank me for helping with the bake sale, Gina gave me a present.

Question 26(Multiple Choice Worth 5 points)

[LC]

Read these lines from Fredrick Douglass’s speech “What to The Slave Is the Fourth of July?”

But I fancy I hear some one of my audience say, it is just in this circumstance that you and your brother abolitionists fail to make a favorable impression on the public mind.

Which word is most similar to how fancy is used here?

Accept Believe Desire Insist

Question 27(Multiple Choice Worth 5 points)

[MC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.
1Bored

Which of the following correctly describes the main purpose of the narrative in this paragraph?

Developing character Creating conflict Creating setting Resolving conflict

Question 28(Multiple Choice Worth 5 points)

[MC]

Fall of the House of Usher, excerpt
By Edgar Allan Poe

Upon my entrance, Usher rose from a sofa on which he had been lying at full length, and greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality—of the constrained effort of the ennuyé1 man of the world. A glance, however, at his countenance convinced me of his perfect sincerity. We sat down; and for some moments, while he spoke not, I gazed upon him with a feeling half of pity, half of awe. Surely, man had never before so terribly altered, in so brief a period, as had Roderick Usher! It was with difficulty that I could bring myself to admit the identity of the wan being before me with the companion of my early boyhood. Yet the character of his face had been at all times remarkable. A cadaverousness of complexion; an eye large, liquid, and luminous beyond comparison; lips somewhat thin and very pallid, but of a surpassingly beautiful curve; a nose of a delicate Hebrew model, but with a breadth of nostril unusual in similar formations; a finely moulded chin, speaking, in its want of prominence, of a want of moral energy; hair of a more than web-like softness and tenuity;—these features, with an inordinate expansion above the regions of the temple, made up altogether a countenance not easily to be forgotten. And now in the mere exaggeration of the prevailing character of these features, and of the expression they were wont to convey, lay so much of change that I doubted to whom I spoke. The now ghastly pallor of the skin, and the now miraculous lustre of the eye, above all things startled and even awed me. The silken hair, too, had been suffered to grow all unheeded, and as, in its wild gossamer texture, it floated rather than fell about the face, I could not, even with effort, connect its Arabesque expression with any idea of simple humanity.

In the manner of my friend I was at once struck with an incoherence—an inconsistency; and I soon found this to arise from a series of feeble and futile struggles to overcome an habitual trepidancy—an excessive nervous agitation. For something of this nature I had indeed been prepared, no less by his letter, than by reminiscences of certain boyish traits, and by conclusions deduced from his peculiar physical conformation and temperament. His action was alternately vivacious and sullen. His voice varied rapidly from a tremulous indecision to that species of energetic concision—that abrupt, weighty, unhurried, and hollow-sounding enunciation—that leaden, self-balanced and perfectly modulated guttural utterance.
1Bored

In this passage, the narrator says that Roderick Usher “greeted me with a vivacious warmth which had much in it, I at first thought, of an overdone cordiality…”

What convinced the narrator that Usher was not pretending?

The narrator felt sorry for Usher. The narrator saw the expression on Usher’s face. Usher did not speak to the narrator. Usher stood up from the sofa.

Question 29(Multiple Choice Worth 5 points)

[LC]

Read the sentence and answer the following question:

The things you said in your speech last week have inspired me to take action in my own community.

Which word should be replaced with something more precise?

Inspired Action Things Community

Question 30(Multiple Choice Worth 5 points)

[LC]

Read the sentence and answer the following question:

My professor instructed us to work on this stuff until we have thoroughly analyzed it.

Which word should be replaced with something more precise?

Stuff Instructed Analyzed Professor

 

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