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lesya [120]
3 years ago
14

One of the attributes of a successful person is continual learning. Discuss what lifelong learning means. Is college education t

he only way to continue to learn? Do all successful people have college degrees? What are the pros and cons of going to college? What are the alternatives to going to college? Do you think it is a good idea to go to college immediately after high school or is it a better idea to get some life experience first?
Business
1 answer:
oee [108]3 years ago
4 0

Answer:

Answer to the first part is, Life long learning means actively engaging in learning and understanding from new experiences and scenarios. It is an Ongoing, Voluntary and Self-motivated process.

Answer to the second part is No. Not all successful people have college degrees.

Answer to the third part is discussed below.

Answer to the fourth part is discussed below.

Explanation:

3rd part:

Pros:

  • You can get the access to all the required resources
  • You can learn from the academics who have mastered their subjects
  • There is a precise and clear syllabus and a framework in all the subjects you learn

Cons:

  • The knowledge is mostly theoretical and may have significant discrepancies with the practical real-world scenarios
  • you get specialized in a one filed of studies and you learn only about that stream
  • Remember that old saying "Experience is better than Education?"
  • It can be really expensive

<u>Alternatives to Going to college</u>

  1. Start a small business
  2. apprenticeships or fellowships
  3. Volunteer in various social and private endeavors and projects
  4. Join the military perhaps?

4th Question

It is a good idea to go to college if you have satisfied all the qualifications to enter college and if you have enough money. However, if you can't, then that is completely ok too!

Life is not about spending 4 years studying a specific subjects in a college. Most often, the most successful and the wealthiest people have never set a foot on a university! Learning from Experience, commitment, self motivation and good attitudes are all you need if you truly want to be successful and happy in life!

and the other part, Is college education the only way to continue to learn?

Of course NOT!! back at the early days this statement was true as most of the universal knowledge was centralized within universities and academics. But this is the 21st century and the dawn of the digital era has connected everyone and everything.Knowledge has now become accessible to anyone with a computer and an internet connection! It is no longer centralized inside colleges! All you require is a bit of self-discipline, curiosity and motivation!

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<u>SOLUTION AND EXPLANANTION:</u>

Let us define :Protection period” = P = Reorder period + Lead time = 7 + 3 days = 10 days

Z value for service level of 99% as per Z table= 2.33

Demand during protection period = = D = 80

Standard deviation of demand during Protection period = Sd = 10

Safety stock during protection period =Zxalue $*$ Sd $*$ Square root ( $P$ )

2.33 * 10 * \text { square root }(10)23.3 \times 3.162=73.67

<u>Therefore, </u>

Gross quantity to be ordered = Demand during protection period + Safety stock during protection period = 80 +73.67 = 153.67

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Net quantity to be ordered = Gross quantity to be ordered – Number of items already in hand = 153.67 – 30 = 123.67 ( 124 rounded to nearest whole number)

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