Word: method
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...months WSGP has bought up five financial institutions, including Honolulu Federal Savings & Loan (assets: $1.7 billion), Southern California Savings ($1.5 billion) and World Trade Bancorp ($100 million), all for $119 million. The group's method is to look for bargains among sinking thrifts that also possess attractive real estate holdings. Then WSGP strips the institutions of problem loans and injects them with fresh capital, with the aim of selling out at big profits...
...phenomenon is accelerating so rapidly, says Andrew Kostecka, a Commerce Department analyst, that "franchising will be the leading method of doing business in the 21st century." John Naisbitt, author of the best-selling Megatrends, has estimated that franchising, which now accounts for just over a third of retail sales, will generate $1 trillion annually, or half of all sales, within 20 years...
...same time, it would be unrealistic to think hard-core cheaters would stop cheating just because the word "honor" is attached to the monitoring method. After all, if you cheat well, you can be an "honors" student...
This situation in many respects reflects the weaknesses of traditional method as students are pitted against each other as if they were pitted against an authority. In bringing students together, it may actually drive them further apart by forcing them to police each other. Anothger weakness with the system is that students should not have to waste their mental energy thinking about whether people will be cheating...
Short of giving each test-taker his own room, there is no flawless scheme. Any exam monitoring method is problematic because it is based on a sour--but realistic--assessment of human nature. And that is one of the few things that is harder to change than Harvard's policies...