Theres a Gender Pay Gap in Kids Allowances and Parents Are To Blame Essay

Theres a Gender Pay Gap in Kids Allowances and Parents Are To Blame - Essay Example The way parents bring up their children has a direct effect on the future choices being made by children pertaining to their choices of work and work-related activities. Parents are responsible for directing children mindset to value professions like law, Medicine among others and devalue others such as house chores and teaching. The majority of the gap seen in the pay between men and women in the society comes from the occupational differences and not the gender role differences (Eliana). The pay gap clearly demonstrates to the girls that the kind of household work that they do does not qualify in the level of works that need to be rewarded. This is why when girls grow up into womanhood, they tend to spend most of their times on the work that is unpaid such as household chores. In contrast to women, men only try to find more time to relax themselves out . Normally, girls do two more hours of daily chores when compared to boys. On the other hand, boys do spend much of their time, twice as much as the girls, in playing. Despite this hard work shown by the girls, boys are likely to be paid for the chores that they do. A similar research done by the junior achievement USA indicates that seventy percent of all boys are more likely to get allowance as compared to a small figure of sixty percent of girls, who are likely to receive allowances. According to Sandberg and Neil â€Å"Lean in: women, work and the will to lead â€Å"; gender pay difference is also a result of the gap in leadership ambition. In many working environmental, men are observed to be more ambitious to achieving senior jobs compared to their female counterparts. A 2012 Mc Kinsey survey found out only eighteen percent of women in a working environment aspire for the senior jobs that are high paying compared to thirty-six percent of the men population in the same environment (Sandberg and Nell, 13). It is no doubt that women do possess equal skills to

Systems that Transformed How the Organization Operates Essay Example for Free

Systems that Transformed How the Organization Operates Essay Abstract This paper details how UPS was able to stay relevant in the shipping and distribution world by updating old practices with new and proven technology. By spending some of their profits on a newer and more efficient way of doing things, UPS was able to stay ahead of their competition while receiving great reviews and profits from their customers. Specifics of who was impacted, how they were impacted, and what results occurred have been discussed in this paper. Mainly the workers, the business leaders, and the consumers have been affected by this change. When we look back at certain advancements that companies have made, what seems to be the common factor? Technology. Anytime a company rolls out new technology it is not because they want to waste their hard earned profits on something that might make their business business more competitive or increase their profit margin. They spend the money on the new technology because they know they will be more competitive and make higher profits than had they not. In any type of industry we can see examples of this being true, from the automotive, to the postal, and even the medical industry, the use of new technology has mostly lead to benefits that make companies stand out from the rest. One of the companies that has profited the most from new technology or the advancement of technology is UPS. UPS is known in the world as one of the largest parcel and freight delivery companies. Their main competition comes from companies like FedEx, DHL, and USPS (United States Postal Service. The  big wigs as UPS came together because they noticed customer ratings and efficiency rates were down and steadily decreasing year after year. After examining certain sectors of their business, they realized where the mistake was being made. Customer ratings were declining because of packages that were shipped to the wrong address, delivered at the wrong house, or lost in the may lay at UPS’s packaging warehouses and distribution centers all over the world. The way the company decided to rectify this problem was by purchasing and utilizing automated package sorters. They called it package flow technology and basically what it involves is the automatic and rapid sorting of packages to guarantee efficient and accurate shipments. The tradition of relying on human sorters to memorize hundreds of streets and back roads in particular communities leads to a small share of parcels that either are loaded on the wrong truck or misplaced among other customers packages, said Dan McMackin, a UPS spokesman in Atlanta. While the company still relies on people to load customers packages, UPS is investing heavily in technology to make the labor-intensive work more efficient. (Bennett, 2005) This change from people to machine did not sit well with employees who became laid off or switched to a different department, but after seeing the company rebound it was recognized as being the right choice and solution to their problem. The problem UPS did not recognize sooner was humans make mistakes and unfortunately too many were made and the company was placed in the public spotlight which caused this solution to come about. While it is true that often time’s companies choose new technology or manual labor, the results heavi ly favor the new technology. Nobody wants people to be laid off or lose their jobs to a machine, but in this day and age companies have to spend the big dollars in order to remain relevant and successful in today’s economy. The cost for this technology for UPS was not cheap by any means, in fact the upgrade from manual labor to automated machines cost an estimated six hundred million dollars. (Bennett, 2005) Besides the expense for rolling out this new system to all its distribution warehouses, UPS has the potential to still come out on top of this deal. When they devoted themselves to this newer way of doing things the results were less training time for employees and the ability to shift employees into areas that were lacking personnel or that demanded more personnel. The savings though in the year after this upgrade might even be greater than the initial cost and  put the company further ahead. UPS expects to gain immensely from the new system. Between now and 2007, when the system is fully installed , the delivery company expects to save $500 million to $600 million through a combination of less miles driven, less fuel consumption and less delivery miscues (Bennett, 2005) The people who were greatly affected by this change in procedure were the UPS drivers. Instead of going through their trucks looking for packages, the packages are loaded into specific areas of the truck and that information is transferred to the handheld scan tools the drivers use. The drivers seem impressed with the new technology and somewhat relieved that they can do their job no without the added stress of locating mislabeled or lost packages buried in their trucks. The future for this technology is not well known because it has seemed to rectify and solve all the problems that existed before. After all machines can do one thing that humans cannot, and that is do what it is programmed and instructed to do. The fact that a company is willing to spend this kind of money to hone their craft should speak volumes. At the beginning people were pessimistic but as the numbers started turning around and customer ratings increase, the company knew they made a wise choice. This was a turni ng point for UPS and the only thing they became concerned about was why they did not make the switch earlier. References Bennett, D. (2005). Package-flow technology delivers results for UPS. Crains Cleveland Business, 26(29), 8. Retrieved from http://search.proquest.com/docview/198625167?accountid=458

Importance Of Needs Assessment In Nursing Practice Nursing Essay

Importance Of Needs Assessment In Nursing Practice Nursing Essay Confidentiality and anonymity must be maintained at all times to protect the identity of the service user, carers, families, healthcare settings and other professionals involved. Any breach of confidentiality will result in an automatic fail. This essay will discuss the importance of needs assessment in nursing practice. In relation to case study 2 about a 68 years old Afro Caribbean retired bus driver male called Carl, who has being married for 45 years with 5 grown up children and 8 grand children. He smokes 20 a day and enjoys nightcap before sleep. His latest vital signs observation are respiratory 20 rpm, blood pressure 168/105, pulse 92bpm, Spo2 95% and BMI 32kg/m2 and he is on statin, betablocker, aspirin, frusemide medication. Currently his wife has notice Carl seems to have forgetfulness, he couldnt remember his way home from the super market and keep losing items. He is getting frustrated and taking it on his wife and grand children, especially when he cannot read them a story. This essay will discuss the importance of needs assessment in nursing practice. It will identify a service users needs base on a scenario and the appropriate assessment tools required for his care. And from the tools identified, one will be prioritised and apply on his condition. Finally the essay will summarise the experience of using the assessment tool and how it will help in future learning. Patients assessment is the collection of data about an individuals health state that identifies and defines patient problems in order for solutions to be planned and implemented in line with their preferences (Roper el at 2000 p 124). Therefore, a clear idea about health is important because this determines which assessment data should be collected. The world Health Organisation (WHO) (2001) defines health as a state of complete physical, mental and social well being and not merely the absence of disease or infirmity. Whiles this is a broad definition, it implies that the nursing approach to health care is holistic in nature and therefore health assessments should reflect that philosophy with it focus on the whole person and their context. Nurses are obliged to take in to consideration patients physical, emotional, spiritual, social and intellectual needs when making an assessment (Department of Health 2004). ` Therefore, when nurses are conducting health assessment on a person it may requires acknowledgement of techniques of collecting and analysing subjective data which is what the person says about them selfs during history taking. And objectives data which is what nurses observe by inspecting, percussion, palpating, and auscultation during physical examination (Department of Health 2003). Potter and Berry (2005) argue that if inaccurate, incomplete or inappropriate data is recorded then the overall care of the patient may be affected, including wrong diagnosis and even wrong treatment. NMC (2002), code of professional conduct, urged all nurses to work in a professional manner and abide by the policies set out by the trust they work in. it suggest that the recording or documentation of information is essential and any deviation could lead to potential consequences for the individual if their standards are not met. The purpose of health assessment is to make judgement or diagnosis because all health treatments and decisions are based on the data gathered during assessment; it is paramount that the assessment is factual and complete, providing the foundation for clinical decision making (RCN, 2007). This gathered information provides a comprehensive description of the patient. It focuses on the patients needs at that moment in time and possible needs that may need to be addressed in the future (NMC, 2007). Its a fair and accurate account of the individual and their life. Overall assessment is a way of delving deeper into a patients illness and preventing more problems from arising. In relation to case study 2 about a 68 years old Afro Caribbean retired bus driver male called Carl, who has being married for 45 years with 5 grown up children and 8 grand children. He smokes 20 a day and enjoys nightcap before sleep. His latest vital signs observation are respiratory 20 rpm, blood pressure 168/105, pulse 92bpm, Spo2 95% and BMI 32kg/m2 and he is on statin, betablocker, aspirin, frusemide medication. Currently his wife has notice Carl seems to have forgetfulness, he couldnt remember his way home from the super market and keep losing items. He is getting frustrated and taking it on his wife and grand children, especially when he cannot read them a story. Newson (2001) suggests that, for a process to commence a model of assessment is utilised and this model needs to be holistic in all aspects of patients needs. Therefore proper attention needs to be paid to the biological, psychological and social situations of the patient. It is important that the health assessment includes a thorough examination of the patients activities of daily living (Department of Health, 2002) .The twelve activities of daily living (ADL) are communication, safe environment, breathing, eating and drinking, elimination, washing and dressing, temperature, death and dying, mobility, working and playing, sexuality and sleep (Roper, Logan and Tierney model 1985). Although, the Roper Logan Tierney model has being criticized for the use of activities of living as a simple checklist and emphasis only on the physical aspect of patient care( Reed and Robins 1991). This contrasts with Newton (1991) who suggests that the description of the Roper Logan Tierney model (1985) have been varied over the years and describe the model as a system model. Also Pearson (1983) describes it as a systems/development-based model incorporating certain concepts of Dorothy Orems model and the conceptual framework of Hendersons model (Henderson, 1969). It is important to remember that all ADLs about our individual life activities are interlink and when one or more activities is affected due to illness then most of the activities can become compromised. (REF) After a thorough nursing assessment, the ADLs that are appropriate to meet Carls needs are communication breathing, eating and drinking, elimination, safe environment, mobility, working and playing. Communication is essential for building nurse patient relationship (Robinson, 2002). For Carl due to his state of forgetfulness, memory loos, out of character behaviour and frustration especially when he cannot read for his grand children, he may need referral to see opticians for eye check, and the MMSE tool can be use to assess his state of dementia. Breathing is the first sign every health professional look for during patient assessment. Being able to breathe normally ensures that we can attempt other activities without any difficulties for example running. For Carl his breathing can be affected by smoking for 20 pack years as well as his higher BMI can cause shortness of breath. Referral to the NHS stop smoking service or radiographs for chest x-ray to check for infection will be essential. Also regular vital signs check up and the use of the peak flow meter for checking oxygen level in the lungs or nebuliser will help. Ensuring adequate hydration and nutrition is essential if health is to be maintained and in Carls case he has a higher BMI and he is in a state of confusion. There is a difference between dying from nutrition and dying with nutrition. And in Carls case he is dying with nutrition as being over nourished with higher cholesterol level. Fanning H, (2003) suggests that Dehydration as well as UTI can contribute to his state of confusion. Both the (MUST) tool and the (MMSE) tool for assessment of possible dementia can be used (NICE 2012). Referrals can be made by nurses for Carl to see the dietician and also physiotherapist for physical exercise regime and dipstick for UTI. Elimination is very important, and in Carls situation review of his medications will be important since some may cause constipation or frequent urination e.g. furosemide. Higher BMI as a result of being Obese as well as chronic chest problems and constipation can cause urinary incontinent (Kamm, MA1998). Also In male, disease of the prostate may lead to the obstruction of the flow of urine (Abrams el at 2002). The Bristol stool chart can be use to assess constipation, the dipstick tool can also be used to check for infection or UTIs and the fluid balance chart can be use to assess for dehydration by checking input over output. Mobility can be a problem since Carl has a history of forgetfulness and the need to urinate frequently. Fear of not being able to find his way home, been incontinence in public and even fear of falling in a new environment may but him off from mobilising. Human assistance will be needed as well as the assessment of risk of fall. Carl may need assessment on Working and playing since he is retired, have memory impairment and get upset when he cannot read for his grand children. Socialisation seems impossible for him now due to his condition. Referral to psychologists for self worth exercise and also going to day centres to meet other people will help. According to the RCN (2004), nurses will always need an assessment tool to guide their daily nursing practice in terms of their professional accountability and responsibility. For any tool to be effective it must be integrated into daily activity as a standalone initiative it is unlikely to have a significant impact. In Carls condition the as human beings the capacity to sustain life is dependent on our ability to address biological needs including breathing, maintaining blood flow to all our major organs, eating and drinking, elimination waste, protecting ourselfes from injury or disease, exerciseing and resting. All these activities can be monitored through nursing observations of patient in our care, enabling us to decide whether any intervention is necessary to help them maintain their vital functions. In order to make accurate observations we need to learn the correct techniques and how to use relevant equipment. To appreciate the significance of the observations, we need a good understanding of relevant anatomy and physiology, and how to distinguish normal from abnormal functioning. We then have to decide whether our observation require further action, which might include double checking results, increasing the frequency of observations, reporting changes to the clinical managers, Universal Screening Tool (MUST) will be appropriate for his health. The reason being that, been over weight or having a higher BMIcontribute to a whole range of health problems such as heart conditions, high blood pressure, type 2 diabetes, stroke, sleep apnoea, cancer, gallstone, weak pelvic muscles and osteoarthritis (Department of Health, 2004). Heart disease for instance, is one of the most widespread main health risks of being overweight. Being overweight increases the probability of heart malfunction and blood circulation problems and may result in congestive heart failure (Miller el at 2006). He continued that, losing weight in this situation may not only avoid the above-mentioned ailments but as well assist normalize blood pressure, cholesterol levels and triglyceride and diminish inflammation in the body. According to Elia, (2003) MUST is a screening tool that has been devised for application to all adult patients across all health care settings. Malnutrition adversely affects physical and psychological function (Elisa, 2000; Stratton et al. 2003b) and impairs patients recovery from disease and injury, thereby increasing morbidity and mortality. BMI (body mass index) is an easy, inexpensive method of predicting the percentage of your body weight that is due to fat mass. BMI is found by dividing your weight (in lbs.) by your height squared (in inches) and then multiplying by 703. In adults, a BMI below 18.5 is considered underweight, 18.6 to 24.9 is considered healthy, 25.0 to 29.9 is considered overweight and above 30.0 is considered obese. Respiratory function has been studied extensively in relation to BMI. For those with lung diseases, including emphysema, chronic bronchitis, asthma, and interstitial and vascular lung diseases, respiratory function is moderately to severely compromised. This compromise can be exacerbated by being overweight or having a BMI over 25.0. However, even in those with normal airway function, high BMI can impair respiratory function. Obesity and Chronic Obstructive Pulmonary Diseases (COPD) Chronic Obstructive Pulmonary Diseases include emphysema, chronic bronchitis and asthma. COPD causes a decrease in elastic recoil of the lungs so that excess air becomes trapped in the chest. This stretches the muscles involved in respiration and compromises their function. The respiratory muscles must then work harder even at rest, increasing oxygen demand on an already taxed respiratory system. At a certain point during physical activity, COPD patients reach a level when increased effort does not further increase the amount of air that they can expire. Having a high BMI means having more weight for your muscles to support during mobility. Thus, if you have COPD, the level at which increased effort no longer provides an increase in expiration comes much faster since you are working harder to support your own weight. In addition, having a high BMI means having more weight on the chest for the respiratory muscles to work against. Sponsored Links Lose 2 Stone in 4 Weeks?Mom reveals the shocking truth  About the UKs hottest dietwww.constant-fitness.com/diet Underweight and COPD Although a high BMI can further impair respiration in those with COPD, once COPD progresses to a severe level, weight loss becomes problematic. Because of lower oxygen levels in the blood, blood becomes shunted from the abdomen into the heart and lungs. This causes malnutrition because the gut is not getting enough blood flow to properly digest foods. Additionally, severe impairment of the lungs causes the respiratory muscles to work so much harder that metabolism greatly increases, even at rest. Typically, severe COPD patients who are underweight have a worse prognosis than those who are overweight because they are essentially starving. High BMI in Healthy Individuals According to a 2005 study by Jones et. al., high BMI can severely impact respiratory function even in non-diseased individuals. The study found that both Functional Residual Capacitythe volume of air in your lungs after passive exhalationand Expiratory Reserve Volumethe volume of air you can expire after passively exhalingdecreased exponentially as BMI increased. Subjects who were morbidly obese were actually breathing close to their Residual Volumesthe amount of air in your lungs after forced exhalation. Another 2005 study by Medarov et. al. Supports Jones findings and also found that Total Lung Capacitythe maximum amount of air you can inhaledecreased with increasing BMI. According to the American College of Sports Medicine, being overweight has mechanical effects on respiration, due to increased weight on the chest wall and diaphragm. Being overweight also causes an increase in energy use at the same workload compared to a leaner person, so the respiratory muscles fatigue at lower intensities in heavier people. These effects may contribute to the decreases in Functional Residual Capacity, Expiratory Reserve Volume and Total Lung Capacity. Lung Diseases Caused by Obesity There are two types of lung disease for which obesity is a primary cause. The first is Obesity Hypoventilation Syndrome, also known as Pickwickian Syndrome. Obesity Hypoventilation Syndrome involves chronic hypoxemiatoo little oxygen in the bloodand hypercapniatoo much carbon dioxide in the blood. The second lung disease obesity can cause is Obstructive Sleep Apnea. This disease involves periodic airway collapse and increased airway resistance during sleep. As both of these diseases progress, pulmonary hypertension may occur and eventually cause cor pulmonalefailure of the right side of the heart. Domino Effect Because high BMI decreases lung function in both diseased and healthy individuals, an unfortunate domino effect often occurs. Since being overweight makes it harder to breathe, those with respiratory problems may become less physically active. Decreased physical activity causes your muscles, including your respiratory muscles, to weaken and break down, which in turn makes breathing even more difficult. A downward spiral begins, in which inactivity begets further respiratory problems and respiratory problems beget more inactivity Read more:  http://www.livestrong.com/article/84685-bmi-respiratory-function/#ixzz2I54s1yvb The Health Risks of Overweight and Obesity Dr Jeremy Sims  MB BS MSc MRCGP FRIPH FRSH PGDipHI DipNH MRNT Obesity isnt just a cosmetic problem; its very much a health problem as well. You may be reading this today because you are, or have been, very unhappy about your physical appearance. However, losing weight isnt just about looking good, it is about feeling good; its about being healthy and living a productive and comfortable life. Above all, it is about avoiding the terrible health consequences of carrying around excessive weight. The growing evidence shows that if you are overweight you are more likely to develop health problems, such as heart disease, stroke,  diabetes, certain types ofcancer, gout (joint pain caused by excess uric acid), and gallbladder disease. Being overweight can also cause problems such as sleep apnoea (interrupted breathing during sleep) and osteoarthritis (wearing away of the joints); and the more overweight you are, the more likely you are to have these health problems. In comparison, healthy and steady Weight Loss can help improve the harmful effects of being overweight. The latest studies show that by losing as little as 10 to 20 pounds you can dramatically improve your overall health status, whilst significantly diminishing your risk of disease. The Risks To Your Health Heart Disease and Stroke Heart disease and stroke are the leading causes of death and disability for both men and women in the Western World. Overweight people are more likely to have high blood pressure, a major risk factor for heart disease and stroke, than people who are not overweight. Very high blood levels of  cholesterol  and triglycerides (blood fats) can also lead to heart disease and often are linked to obesity. Being overweight also contributes to angina (chest pain caused by decreased oxygen to the heart) and sudden death from heart disease or stroke without any signs or symptoms. The good news is that losing a small amount of weight can reduce your chances of developing heart disease or a stroke. See dietitian, Juliette Kellows  Healthy Heart Diet  feature. Reducing your weight by 10 percent can decrease your risk of developing heart disease by improving how your heart works, reducing your blood pressure, and reducing the levels of blood cholesterol and triglycerides. Diabetes Noninsulin-dependent diabetes mellitus (type 2 diabetes) is the most common type of diabetes in the Western World. Type 2 diabetes reduces your bodys ability to control blood sugar. It is a major cause of early death, heart disease, kidney disease, stroke, and blindness. Statistically, overweight people are twice as likely to develop type 2 diabetes as people who are not overweight. You can reduce your risk of developing this type of diabetes by both losing weight and by increasing your physical activity. Furthermore, if you have type 2 diabetes, losing weight and becoming more physically active can help control your blood sugar levels. If you use medicine to control your blood sugar, Weight Loss and physical activity may make it possible for your family doctor to decrease the amount of medication you need Mohammed, MA (2009) Improving accuracy and efficiency of early warning scores in acute care. British Journal of Nursing. 18(1) 18-24 This article is a report on an experimental study to compare the effectiveness of hand held early warning computer system with the traditional pen and paper method Article 2. Johnstone C, Rattray J and Myers L (2007) Physiological risk factors, early warning systems. British Association of Critical Care Nursing. 12(5) 220-231 This article is a general article that provides background information on the topic of why early warning systems can improve patient care Article 3. Hughes LL (2009) Implementing a patient assessment framework in acute care Nursing Standard 24(3) 35-39 This article describes a service improvement initiative to improve patient assessment using an early warning score system over a4 month period at a Hospital in Birmingham Artcicle 6 Wheatley I (2006) The nurses practice of taking level 1 patient observations. Intensive Critical Care Nurse 22(2) 115-21 This was a survey conducted to discover the nurses practices of taking clinical observations in acute settings. It uses an observation data collecting tool (words 470) Read more:  http://www.ukessays.com/essays/nursing/examining-use-of-early-warning-scores-in-assessment-nursing-essay.php#ixzz2I5R87ePn Read more:  http://www.ukessays.com/essays/nursing/examining-use-of-early-warning-scores-in-assessment-nursing-essay.php#ixzz2I5QcaLAr Weight-control Information Network.  Do You Know The Health Risks Of Being Overweight?. Nov. 2004. U.S. Dept. of Health and Human Services. 23 Oct 2006 Diabetes Statistics.  Total Prevalence of Diabetes Pre-diabetes. 2005. American Diabetes Association. 23 Oct 2006 The Nutrition Source.  Healthy Weight. 2006. Harvard School of Public Health. 25 Oct 2006 Obesity causes many of the most common diseases in the world. Being overweight can cause insulin resistance, which leads to Type II Diabetes. A diet high in fat and lack of exercise causes cardiovascular disease and congestive heart failure. Excess weight can cause sleep apnea and respiratory illnesses. Many top scientists believe the increase of average weight directly corresponds to the increase of cancer cases, including kidney, breast, colon and prostate cancers. Read more:  Effects of Being Overweight | eHow.com  http://www.ehow.com/about_4596213_effects-being-overweight.html#ixzz2I57jKX6t Advances in the recording of vital signs make it possible for nurses to monitor patients continuously, be it their heart function, arterial blood pressure, central venous pressure or oxygen saturations. The recordings generated by this equipment must be interpreted according to the patient and in conjunction with other observations. The concern is that nurses may become too reliant on using technology to carry out assessment. Burman et al (2002) describe how staff who are used to equipment can feel insecure assessing patients without this equipment to validate their findings. Within the competencies are skills such as venepuncture, cannulation, arterial blood gases (obtaining and analysing), and recording and obtaining ECGs. Docherty (2003) identifies the recording and interpretation of the 12-lead ECG as being pivotal in the assessment and management of patients who are experiencing chest pain. This is further supported by Harvey (2004) who discusses the assessment and management of patients suffering from angina. However, it is further complemented by accurate physical assessment of the patient. Basic is a term that is frequently used to describe blood pressure, pulse, respiratory rate and temperature. However, I would argue that this undervalues these observations. Breakell (2004) identifies respiratory rate as one of the most important signs and yet one of the most frequently omitted clinical observations. Carberry (2002) also found this to be a problem in clinical practice. The objective of observation is to monitor patients progress, thus ensuring the prompt detection of adverse events or delays in recovery (Stevenson, 2004). Respiratory rate is pivotal to assessment. Many scoring systems incorporate respiratory rate, such as: APACHE Acute Physiology and Chronic Health Evaluation Score; SIRS Systemic Inflammatory Response Score; Assessment tools Neiderhauser and Arnold (2004) identify the importance of assessing the health risk status of patients, and the indications for intervention. A wide variety of assessment tools are in use to facilitate assessment and ensure the reliability of the process. For example the EWAS/MEWS tool can be use to check vital signs and avoid patients deterioration. EWAS is use for the assessment of unwell hospital patients, using 5 simple physiological parameters, mental response, pulse rate, systolic blood pressure, respiratory rate and temperature. It scoring system can be calculated at the patients bedside, using a simple and inexpensive equipment to measure any parameters. Of all the parameters respiratory rate is said to be the most sensitive indicatory of a patients physiological well being. Breakell (2004) identifies respiratory rate as one of the most important signs and yet one of the most frequently omitted clinical observations. Carberry (2002) also found this to be a problem in clinical practice. This is logical because respiratory rate reflects not only respiratory function as in hypoxia or hypercapnia, but cardiovascular statusas in pulmonary oedema, and metabolic imbalance such as that seen in diabetic ketoacidosis (DKA)( REF). Department of Health (1999b) Making a Difference: Strengthening the Contribution of Nurses, Midwives and Health Visitors. DH, London the health problems that stem from being overweight go way beyond the ones we usually hear about, like diabetes and heart disease. Being overweight can also affect a persons joints, breathing, sleep, mood, and energy levels. So being overweight can impact a persons entire quality of life. Dangers of being Overweight Some of the dangers of being overweight include developing: High Blood Pressure:  When you have excess body fat, your body retains sodium. When your body retains sodium, blood volume increases and blood pressure rises. High blood pressure causes your heart to work harder, which is dangerous for the heart. Diabetes:  Obesity is the leading cause of type 2 diabetes. Excess fat makes your body resistant to insulin. When your body is resistant to insulin, your cells cant get the energy they need. Stroke Abnormal blood fats:  A diet high in saturated fats increases the level of LDL (bad) cholesterol. Osteoarthritis:  Excess weight adds pressure to joints and wears away at the cartilage that protects them. Sleep apnea:  The more overweight a person is, the greater more severe the sleep apnea will be. Cancer:  Men and women who are overweight have a higher risk of developing many different kinds of cancer. Gallstones:  Gallstones are more common in people who are overweight. The connection between gallstones and weight is unclear. Weak Pelvic Muscles Physical Discomfort: As fat accumulates, it crowds the space occupied by yourorgans. People who are overweight may have difficulty breathing, walking or sitting. Heart disease is 1 of the most widespread main health risks of being overweight. Being overweight to a great extent increases the probability of heart malfunction and blood circulation problems and may result in congestive heart failure, heart attack, angina (chest pains), abrupt cardiac arrest or unequal heartbeat. Weight loss in this situation may not only avoid the above-mentioned ailments but as well assist normalize blood pressure, cholesterol levels and triglyceride and diminish inflammation in the body. Cancer is one of the foremost causes of death in the United States, and is frequently a result from fat cells that affect cell growth and multiply beyond capacity. Colon, esophagus, and the kidney are the most affected regions of the body. Being obese has also contributed to uterine as well as postmenopausal breast cancer in females. Sleep apnea, Osteoarthritis plus other Health Difficulties In sleep apnea the sufferer experiences short lapses of breaths during nighttime. This in turn makes the person tired right through the day, making it hard for him to concentrate on work. In some cases, heart failure has also been noted in patients suffering from this ailment. The lapse of breath happens due to the increased size of the cells of the neck, obstructing the windpipe at certain intervals. Dropping weight may decrease the size of the neck and diminish the pressure on the windpipe and make breathing easy. Osteoarthritis is another health risk of being overweight. In this particular ailment, the joint bone and the tissue that protects joints (cartilage), wear away. The joint bone of numerous parts of the body like the hip, knees, plus lower back are the main targets of Osteoarthritis. Being overweight places a lot of heaviness on the joints, which might lead to this condition in the long run. Dropping  weight  will let down the  body fat  and lessen the aches and pains. Excess fat accumulates in the liver cells and causes the organ to inflate, leading to injuries. This results in Fatty Liver diseases. This disease can lead to severe liver injury, built-up of scar tissue that blocks the proper blood flow to the liver (cirrhosis), and complete liver breakdown. It is relatively similar to alcoholic liver damage but does not inevitably mean that it cannot affect those who do not consume alcohol. Taking communication for instance, it is essential for building nurse patient relationship (Robinson 2002). It is important, for example for nurses to know during assessment whether a patient can hear, understands the language in which a question is being asked or can answer by speaking or sing language. And if they cannot hear, do they wear hearing aids, if so in which ear. Language barrier can be a major problem during assessment, but interpreters, family and friends can contribute and help. However, very often accurate information will not be given, preventing full assessment of patients needs. The use of braill and flashy lights is also important during assessment for patients who are blind or deaf. Newton (1991) suggests that descriptions of the Roper, Logan and Tierney model (1985) have been varied over the years. The model has been described as a system model (Aggleton Chalmers, 1987), as a model that incorporates multiple theories (Thibodeau, 1983) and as an activities of living model based on human needs (McFarlane, 1980). Farmer (1986) has described it as having a functional approach. Pearson (1983) describes it as a systems/development-based model incorporating certain concepts of Dorothy Orems model and the conceptual framework of Hendersons model (Henderson, 1969). It seems fair to suggest that the Roper, Logan and Tierney model has had criticism over time. Indeed, the model has been criticized for the use of the activities of living as a simple checklist (Reed Robbins 1991), the emphasis on solely the physical aspects of patient care (Minshull et al 1986, Walsh 1989), and the simplicity of the model (Walsh 1991). Bellman (1996) suggests that the first two problems indicate an inappropriate introduction and implementation of the model in practice. We have done nursing assessment and for Carl the ADLs that are a

The Bonds of a Language Essays -- Amy Tan Literature Authors Essays

The Bonds of a Language Amy Tan is the author of several novels including The Joy Luck Club and The Kitchen God’s Wife. She was born in the United States to parents who immigrated to California from China (Gruber 35). In her article entitled â€Å"Mother Tongue†, Tan focuses on the English shared between her mother and herself versus the English that she speaks with everyone else, and how it has affected her outlook on language. Through her examples, she presents to the audience the obstacles faced by her mother’s â€Å"limited† English. Tan demonstrates that no matter how much someone may change, the most important things lay back in their roots. Tan directs this article in a certain way to allow for several people to relate. Even though she has the heritage of a Chinese culture, she did grow up in the United States, so she knows what catches people’s interest. She bases the entire article off of experiences that she has had with her own mother and the language barriers her mother has had to put up with. Someone who may not have experienced this first hand would probably not have as strong an argument. Tan also gears the article to a wide audience. Even if someone does not care about language or the struggles to be heard by people who can’t understand you, she throws in interesting stories that catch any reader for a small moment. A good audience for this article is people who deal with those who speak â€Å"broken† English, such as those in ESL programs. Tan points out that even though her mother isn’t the best at speaking English, she still comprehends it. Many just assume that her mother’s intelligence is equivalent to her spoken English, which as Tan points out, isn’t true. That may also have been why Ta... ...when you don’t know what they want or need, which Tan probably realizes. In conclusion, Amy Tan allows the reader to see through her eyes and her mother’s eyes. Despite the obvious responsibility put on her shoulders from her mother’s English, Tan still feels a sense of intimacy in that â€Å"broken† language. It becomes more of a point that she’s showing the audience the importance of this bond between her mother and her rather than to make them feel sorry for her mother. If her mother spoke as well as Tan does now, then Tan most likely would have turned out different. She learned responsibility and it allowed her to feel passionate about helping other understand English enough to make it a career. It also was a good step in showing options for Asians outside of the engineering field. And lastly, Amy Tan’s mother appears to be very proud of her daughter.

Second Language

Here we today interviewed each other asking a few question. Seating in this class next to Amy, I interviewed and discussed about her conflict and some of happiness. China is seen variously as an ancient  civilization  extending over a large area in  East Asia which is country that Amy from. Her native language is Chinese. Even she was nine years old when she moved to U. S. A. ; she started to learn English from basic didn’t even think how hard it is. Learning a foreign language takes time and dedication.While having a clear idea of why she learning English, Amy thought it can help to motivate her in her studies. Since she noticed that most of the students in her school speak in different language, Amy felt that learning English language it will help her to communicate with them. Also she though it will give her a better understanding of their culture and way of thinking. Wherever Amy was all people around her speaks in English. So that made her finds friends who might sp eak in her primary language. Although she learned English much more than when she was in her first in U.S. A. , she transferred to Newcomer high school. Newcomer high school was for an immigrant who has a poor language level. From there she easily started to learn English by asking help from who might speak in Chinese language. Unless English she was a good at math and other school subjects. In addition, she had fun learning a foreign language by sharing an interest with her friends. When Amy learned another language, she also learned the different titles and functions of sentence parts. Learning these things made her a better student and a more articulate person.She more likely mentioned that many of the root words used in foreign vocabulary will help her later on as her struggle to comprehend or analyze new words in Amy’s native language. â€Å"I was happy to learn new language. † said Amy with her smile which was full of her face. Adding â€Å"But sometimes English was weird and complicated to me† Amy tried to show me how she learned English like her native language. â€Å"Being able to play with other kids, she stayed away from this because of poor language† sadly added Amy.Hearing all of her trouble with language I was thinking how she proudly learned English now. I am proud of her. From now on she knows two languages: Chinese and English. The end of this conversation I strongly thought one language is never enough! Noticing someone who is fascinated by languages and enjoys learning them, then one language is never enough. If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart. (Nelson Mandela)

Henry Ford Paper

This paper will go into detail about the young life, career and adult life of Henry Ford. Henry ford’s young life, in this paper will consist of his childhood. The paper will then describe all of his education and early jobs. Finally, this paper will conclude with Henry Ford’s adult life and home life (what he did when he wasn’t working), his career’s work and the impact Henry had on American History. This paper should help the reader better understand the life of Henry Ford: Who he was? Who he is? And why he was so vital to our American History.Henry Ford, born July 30, 1863, was the first of William and Mary Ford’s six children. He grew up on a prosperous family farm in what is today Dearborn, Michigan. Henry enjoyed a childhood typical of the rural nineteenth century, spending days in a one-room school and doing farm chores. At an early age he showed an interest in mechanical things and a dislike for farm work. He instead preferred to work with m echanical objects, particularly watches. He repaired his first watch when he was thirteen. Fixing watches was something he continues to do as sort of a hobby for the rest of his life.Being a farm boy and working on a farm for most of his childhood taught Ford that working hard and being responsible was of great value. Henry attended school until the age of fifteen. He had little interest in school and had poor grades as a child. He never learned to spell or read well, so when he wrote he used extremely simple words in his sentences. At the age of sixteen, Henry left home for the nearby city of Detroit to work as an apprentice machinist, although he did sometimes return to do work on the family farm. Ford eventually went back to apprentice and stayed that way for 3 years until he returned to Dearborn.As an apprentice he received 2. 50 a week. He later worked for Westinghouse, locating and repairing road engines. Henry’s dad was persistent that his son should be a farmer and of fered him forty acres of timberland, provided he would give up machinery. Henry accepted his dad’s offer, but didn’t use the acres for farming. He built a first-class machinist’s workshop on the property. His father was disappointed, but Ford did use the two years on the farm to win a bride, Clara Bryant. They had one child:  Edsel Ford  (1893–1943). Ford began to work for the Edison Illuminating Company in Detroit.In 1891 he was gone and had left the farm for good. 1n 1893, he became chief engineer at Detroit Edison Company, where he met Thomas Edison who eventually became one of Henry’s closest friends. Ford used all of his money, from the promotion to chief engineer, and spare time in experimenting on an internal combustion engine. This engine was a type of engine where a combination of fuel and air is burned inside of the engine to produce mechanical energy to perform useful work. Ford completed his first car in 1896. It was a small car dri ven by a two-cylinder, four-cycle motor and by far the lightest made at the time weighing only 500 ponds.His first car was mounted on bicycle wheels and had no reverse gear. In 1899 Henry Ford was forced with the decision of choosing between his job and automobiles by the Detroit Edison Company. Without hesitation Ford chose cars and in that same year Ford formed the Detroit Automobile Company, which collapsed after he had a disagreement with his financial helpers. After the collapse of the Detroit Automobile Company, Ford tried again in the unsuccessful Henry Ford Automobile Company. Ford only had none successful car venture and that was through his racing cars, about 999 were sold one driven by the famous Barney Oldfield.After two unsuccessful attempts to establish a company to manufacture automobiles, Henry incorporated the Henry Ford Company in 1903 with himself as Vice President and Chief Engineer. At the start of the company it only produces a few cars a day. Groups of men, ab out two or three per group, were to work on each car one at a time. Henry Ford then realized the future of transportation was his dream and destiny. He later introduced the Model T, a reliable, easy to maintain vehicle that could handle off roads and immediately became a huge success.By 1918 half of the cars in America were Model T’s. The amount of cars being sold was so high that he had to build another factory in Michigan in 1910, to supply enough Model T’s to the customers. In Michigan is where Henry Ford combines precision manufacturing, standardized and interchangeable parts, a division of labor and, in 1913 a continuous moving assembly line. The assembly line was an essential part in revolutionizing American history. The assembly line was a way of manufacturing multiple cars all at once without having groups of men working on one car all at once.Workers remained in place, adding one component to each automobile as it moved past them on the line. Delivery of parts by conveyer belt to the workers was carefully timed to keep the assembly line moving smoothly and efficiently. The assembly line significantly reduced assembly time per vehicle, thus lowering costs. Ford’s production of Model T’s made his company the largest automobile manufacturer in the world. The company began construction of the world’s largest industrial complex along the banks of the Rouge River in Dearborn, Michigan, during the late 1910s and early 1920s.This massive plant included all the elements necessary to produce automobiles: a steel mill, glass factory, and the famous automobile assembly line. By 1926, flagging sales of the Model T finally convinced Henry to make a new model. He pursued the project with a great deal of technical expertise in design of the engine, chassis, and other mechanical necessities, while leaving the body design to his son. Edsel also managed to prevail over his father's initial objections in the inclusion of a sliding-shift transmission.The result was the successful  Ford Model A, introduced in December 1927 and produced through 1931, with a total output of more than 4  million. Subsequently, the Ford Company adopted an annual model change system similar to that recently pioneered by its competitor General Motors (and still in use by automakers today). Ford, like other automobile companies, entered the aviation business during  World War I, building Liberty engines. After the war, it returned to auto manufacturing until 1925, when Ford acquired the  Stout Metal Airplane Company.Ford's most successful aircraft was the  Ford 4AT Trimotor, often called the â€Å"Tin Goose† because of its corrugated metal construction. It used a new alloy called  Alclad  that combined the corrosion resistance of aluminum with the strength of  duralumin. Ford was a pioneer of â€Å"welfare capitalism†, designed to improve the lot of his workers and especially to reduce the heavy  turnover  that had many departments hiring 300 men per year to fill 100 slots. Efficiency meant hiring and keeping the best workers. Ford astonished the world in 1914 by offering a $5 per day wage ($120 today), which more than doubled the rate of most of his workers.The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing their human capital and expertise, raising productivity, and lowering training costs. Ford had opposed America's entry into World War II  and continued to believe that international business could generate the prosperity that would head off wars. Ford â€Å"insisted that war was the product of greedy financiers who sought profit in human destruction†; in 1939 he went so far as to claim that the torpedoing of U.S. merchant ships by German submarines was the result of conspiratorial activities undertaken by financier war-makers. The financier to whom he was referring was Ford's code for J ews; he had also accused Jews of fomenting the First World War. Following a series of strokes in the late 1930s he became increasingly debilitated and was more of a figurehead; other people made the decisions in his name. [47]  After Edsel Ford's premature death, Henry Ford nominally resumed control of the company in 1943, but his mental ability was fading.In reality the company was controlled by a handful of senior executives led by  Charles Sorensen, an important engineer and production executive at Ford, and  Harry Bennett, the chief of Ford's Service Unit, Ford's paramilitary force that spied, and enforced discipline, on employees. As Ford became increasingly sidelined, he grew jealous of the publicity Sorensen received; Ford forced Sorensen out in 1944. Ford's philosophy was one of economic independence for the United States. His River Rouge Plant became the world's largest industrial complex, pursuing  vertical integration  to such an extent that it could produce its own steel.Ford's goal was to produce a vehicle from scratch without reliance on foreign trade. He believed in the global expansion of his company. He believed that international trade and cooperation led to international peace, and he used the assembly line process and production of the Model T to demonstrate it. In ill health, Ford ceded the presidency to his grandson  Henry Ford II  in September 1945 and went into retirement. He died in 1947 of a  cerebral hemorrhage  at age 83 in  Fair Lane, his Dearborn estate. A public viewing was held at Greenfield Village where up to 5,000 people per hour filed past the casket.Funeral services were held in Detroit's  Cathedral Church of St. Paul  and he was buried in the Ford Cemetery in Detroit. Henry Ford had at least three major impacts on society. First, he introduced the assembly line. By breaking down production into very simple tasks, he lowered the skill level needed to work in a factory (any factory not just automobile s). This allowed huge amounts of products to be created at lower prices. Second, just as importantly, he introduced the living wage concept. Before Ford, most large companies based their pay structure on immediate cost needs.They paid their employees the bare minimum they could to get workers and control costs. Third, an unpleasant impact was that he reinvigorated anti-Semitism in America. Ford deeply disliked Jews. Before WWII, Hitler actually gave Ford a medal and celebrated Ford's birthday. Until America entered the war, Ford refused to produce or sell to the British war effort. His bigotry was oddly contradictory in that he was a great patron of Detroit's black community. Still, Ford was the most high-profile anti-Semite in the country.

Free Essays on Analysis Paper

and would steal. I guess it was just the way they grew up. I began to see that my family’s values were not the same values of all families. My family was the all American family until my parents separated. I had always had the influence of two parents in my household. My family also was pretty financially secure. I never wanted for anything. I always had what ever I wanted and then some. This made me be a little unappreciative. I also was picked on by my classmates because ... Free Essays on Analysis Paper Free Essays on Analysis Paper Abstract This paper will examine and analyze my life experiences using the concepts, theories, and paradigms that I learned in this class. It will discuss how I have developed my personality through the socialization process. I will also briefly discuss the affects and my affect on the environment and cultural considerations. I will be using Conflict Theory as my main theory to discuss my life choices and my overall development. All of this will come together using the concepts of person-in-environment, culture, groups, families, communities, and other concepts. Through everyday life we are constantly developing our personality traits, morals, and standards of life through the socialization process. My mother was a single. She divorced my father when I was seven years old. From there she was my mother and my father. She taught me the different values that life has to hold. This was only the beginning. Growing up I learned that my life and family was different from others. The students in elementary school were of a whole different world from me. I was raised as the only male in my family. I had two sisters and I always felt alone. I think this is why I grew up such a quiet child. Once I was in school I quickly discovered that my upbringing was totally different that many of the other kids I was in school with. I was taught not to curse or steal, however many of the children in my first grade class were liars and used curse words and would steal. I guess it was just the way they grew up. I began to see that my family’s values were not the same values of all families. My family was the all American family until my parents separated. I had always had the influence of two parents in my household. My family also was pretty financially secure. I never wanted for anything. I always had what ever I wanted and then some. This made me be a little unappreciative. I also was picked on by my classmates because ...

Northern Rock Bank

Northern Rock Bank Introduction Northern Rock is a bank operating under the umbrella of Virgin Money in the United Kingdom. It was established in 1965 and 30 years down the line, it had acquired approximately 53 building societies in England.Advertising We will write a custom case study sample on Northern Rock Bank specifically for you for only $16.05 $11/page Learn More Over the years this bank was being considered as one of the top lenders in the UK, especially in relation to mortgages. Prior to 2007, Northern rock had an investment plan which was to result in securitization. This according to Milne Wood involved â€Å"borrowing heavily in the UK and international money markets, extending mortgages to customers based on this funding and then re-selling these mortgages on international capital markets† (518). This, however, failed in 2007, when, owing to the global financial crisis, the demand for credit facilities from investors went down and Northern Rock was unable to pay back the credit it had obtained from the money markets. Lender of last resort This is a facility that allows banks to survive a financial crisis. It is mostly offered by the central bank. When Northern Rock was faced with the liquidity crisis in 2007, it looked up to the Bank of England for emergency support but this was not possible since it could not provide the facility. Many scholars, including Vesala (2006), Herring (2007), and Shin (2009) blame the situation in Northern Rock to the inability of the Bank of England to act promptly indicating that had it performed its role as a lender of last resort, the bank run would have been avoided. In fact, Shin indicates that â€Å"in its role as a lender of last resort, the Bank of England had been able to exert significant moral suasion over the banking sector, and the discount office was able to obtain information from banks on a purely informal basis† (2009,p.103).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other scholars believe that the Bank of England failed to act because Northern Bank had not provided it with sufficient information concerning its discount facilities. They also argue that the management of Northern Rock failed to heed to liquidity warnings and this acted as a hindrance when they needed assistance. These claims are, however, refuted by Freixas et al (2009). He asserts that a central bank is expected to perform its role irrespective of the actions of the other party (151). He states that â€Å"even when the central bank does not have the formal statutory responsibility for banking supervision, it can still obtain the information it needs to act as lender of last resort† (2009,p.152). Kane (2008) believes that the Northern rock issues exposed the faults in the government with regard to dealing with financial crisis. These faults include â€Å"the workings of e mergency liquidity assistance, some others the workings of deposit insurance and some others the insolvency and pre-insolvency arrangements† (2008, p.50). All these boil down to the functions of the Central bank as a lender of last resort. Financial crises in banks are one of the greatest challenges in most economies, since failure of banks spells out a failure in the entire economy. Liquidity lending is therefore considered to be an important factor since it is usually the solution to most banks going through a crisis. Some of the instruments available to governments dealing with financial crises include â€Å"the central bank’s role as a lender of last resort, deposit insurance schemes, government’s policies to shield depositors’ insolvency laws, among other preventive measures† (FSA internal Audit division, 2008, p. 39). Despite all the other actions, the lender of last resort factor is the most effective since it provides the banks with the cred it facilities to continue with their operations promptly. Prior to the crisis, Northern Rock was a successful institution though not influential to the point of thinking its failure would affect the economy in any way. This issue however attracted the attention of many financial analysts since it brought out the weaknesses of the Bank of England in dealing with crises faced by the banks.Advertising We will write a custom case study sample on Northern Rock Bank specifically for you for only $16.05 $11/page Learn More Due to this exposure, the government made a commitment to offer the required liquidity, and this worked since the bank run in Northern Rock stopped instantly. House of Commons (2008) therefore made a conclusion from this issue that the run would have been avoided all together, if all parties had been playing their roles effectively. This can, however, not be blamed on the Bank of England since it had not dealt with such an issue in the recent pa st. The activities in relation to acting as a lender of last resort were rarely carried out, hence the policies were outdated. This explains why the situation caught all relevant bodies including Northern Rock itself by surprise (House of Commons, 2008, p. 23). Northern rock and the FSA In the view of financial analysts, the crisis that hit Northern Rock in 2007 was predictable and some even argue that the crisis was not related to the activities of Northern bank per se. It is believed that the Financial Services Authority (FSA) played a major role in this. An article by Bank of England (2007) made an observation that FSA had given Northern Rock warnings concerning â€Å"the evolving trends in the market which included; sharp asset growth, systemic underpricing of risk, and the risk shifting characteristics of new financial instruments which would not be as water tight as they appeared to be† (2007,p. 2). FSA also indicated that the strategies being used by Northern Rock were unstable since they were depending on large scale market funding; hence, placing the institution in a risky liquidity position. Besides this, FSA had also made an observation in the government’s regulatory system which it claims had a number of loopholes that exposed the financial institutions to issues similar to those of Northern Rock. These, according to FSA (2008) included â€Å"a fundamental flaw in the depository protection scheme, lack of established special bankruptcy regime for banks, lack of predictable resolution regime for handling troubled banks and the existence of an institutional structure of financial supervision that separated responsibility for systemic stability and lender of last resort from prudential supervision of individual banks† (FSA, 2008, p. 33).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Owing to the financial stability that had been witnessed in the region over the years, these observations seemed not to be having any ground, until the real risk was witnessed in Northern Rock, and this acted as a wakeup call to FSA. At the beginning of 2007, FSA considered Northern Rock as one of the best performing financial institutions in the UK. What it failed to realize at that time were the mortgage risks that it was exposed to owing to the fact that the institution dealt mostly with international investors. This risk was brought about by the financial crisis that was being witnessed all over the world during that period. Observations made later on indicated that â€Å"by mid-September, it had become apparent to Northern Rock that longer term funding markets were closed to it. Rollovers were largely continuing but at shorter and shorter maturities and Northern Rock lacked the option to draw on sufficient prearranged contingency liquidity lines of credit and did not benefit f rom a third party injection of capital† (FSA, 2008,p. 34). Due to this, FSA made an endorsement indicating that the Bank of England was deemed to provide liquidity facilities to all the banks that needed this kind of support in the UK, including Northern Rock. This crisis mainly focused on three institutions, the Bank of England, the treasury and FSA, owing to their joint responsibility of ensuring stability in the financial sector. FSA is blamed for permitting Northern Rock to raise its dividends irrespective of the already messed up financial position. An article by FSA Internal Audit Division (2008) supports these allegations by indicating that, â€Å"in in their own internal audits of the experience and compilation of the lessons learned from the Northern Rock failure contained a broad list of problems within FSA which included lack of rigor in the analyses conducted and failure to devote insufficient resources to monitoring what are regarded as high impact situationsâ₠¬  (Audit Division, 2008, p. 42). This report indicates that the major issues that led to this failure included organizational shortfalls, lack of sufficient skills in the supervisors, and poor methods of supervision, especially in large institutions operating at international levels. From the discussion, it is clear that FSA was in a position to save Northern Rock from the downfall, had it acted on the early signs. In fact, financial researchers such as Milne Wood (2008), Shin (2009) and Herring (2007) indicated that FSA devoted little time to the process of checking the level of stress tolerance in Northern Rock, hence ignoring many factors that eventually worked against the institution. Shin (2009) specifically points out that â€Å"insufficient attention was given to the banks challenging governance programs and risk mitigation processes† (2009, p.110). Herring (2007) concurrently indicates that â€Å"FSA not only ignored numerous early warning signs of troubles with N orthern Rock, but also ignored a breach of required minimum capital standards early in 2007† (p.10). Besides these, it was also noted that the bank failed to inform its stakeholders of this failure, and FSA was aware of this, but failed to take action. From this, a conclusion can be drawn that despite the fact that Northern Rock was responsible for its own peril, FSA also played a major role of not intervening where it would have been and also assuming the warning signs that were so loud and clear. Failure of prudential supervision In any financial setup, there are four aspects that need to be considered to come up with a stable financial system. The Bank of England (2007) indicates that â€Å"the first aspect is prudential regulation of financial firms, second is systemic stability, third is the lender of last resort role and finally the conduct of business regulation and supervision† (Bank of England,2007,p. 6). The issue in question especially in relation to the Nort hern Rock problem is the institution responsible for prudential supervision, whether it is the bank of Europe, the treasury or FSA. Irrespective of the institution responsible, this type of supervision is mandatory in financial institutions, failure to which results in cases such as what was experienced in Northern Rock (Freixas et al, 2007, p. 12). This conflict on the question of supervision mandate led the government to redefine the roles of the institutions in the financial sector. As a result of this, it was realized that supervision lies with FSA. The crisis in 2007 created the need to develop an official set of organizations and practices for assisting in the recovery of failing banks. This led to the officiating of a memorandum of understanding between the three bodies, that is, treasury, FSA and the Bank of Europe. A report by FSA internal audit division (2008) indicated that there were five basic standards that came with this agreement and these were â€Å"the existence o f a clear division of responsibilities, appropriate accountability arrangements, the avoidance of duplication of responsibilities, exchange of relevant information and mechanisms for crisis management† (2008,p.50). The causes behind the problem of Northern rock are interrelated to the extent that it is difficult to tell exactly what the main cause of this issue was. However, it was realized that prudential supervision of the banking institution was being conducted in a poor way and this is therefore deemed to be the greatest contributor to the whole problem. According to the Bank of England (2007) â€Å"this institution had been a pioneer in risk based supervision; focusing attention where it is most important† (2007, p. 8). This credit was however withdrawn after the Northern Rock crisis which revealed the poor laid supervision strategies. Many financial analysts believe that FSA was in a position to foresee this situation, long before it occurred. From this, it is evi dent that the Northern Rock crisis depicted a high level of failure in the prudential supervision of banking institutions. These failures according to FSA (2008) include â€Å"reliance upon seriously deficient accounting and capital adequacy standards; failure to monitor institutions in a timely, effective, and on-going fashion; failure to intervene appropriately when problems were identified; and promoting the welfare of the regulated institutions and the regulatory agency rather than the insurance fund or the taxpayer† (FSA, 2008, p.43). In fact, hearings in the House of Commons – a committee responsible for establishing the cause of the problems surrounding Northern Rock, indicated that FSA failed to perform effectively. House of Commons alleged that this was by way of â€Å"failing to monitor the institution and allowing Northern Rock to increase its dividends despite its troubled financial position† (2008, p.23). The supervisory evaluations of Northern Rock conducted by FSA did not put much emphasis on liquidity issues. Conclusion From the above discussion of the issues surrounding the Northern Rock problems, it is evident that these problems could have been avoided if all the parties concerned, that is, Northern Rock bank itself, the Bank of Europe and FSA were responsible for the actions that were taken before 2007. Northern Bank was responsible for the crisis in the sense that it did not perform a long term analysis of its actions. In its operations, it failed to consider the possibility of liquidity risks in the financial market. Bank of Europe was responsible in the sense that it did not act promptly as a lender of last resort in providing the credit requested by Northern Bank when it started experiencing the liquidity challenges. References Bank of England 2007, Financial Stability Report. Web. Freixas, X, Giannini, C, Hoggarth, G Soussa, F 2009, ‘Lender of last  Resort: a review of the literature’, Financial Sta bility Review, Vol. 7, pp. 151–167. FSA (2008) ‘The supervision of Northern Rock: a lessons learned review’, Internal Audit, pp. 32 43 FSA Internal Audit Division 2008, ‘The Supervision of Northern Rock’ A Lessons Learned Review, pp. 37 56 Herring, R 2007, ‘Resolution Strategies: Challenges Posed by Systemically Important Banks’, lecture at Regional Seminar on Financial Crisis Management, pp. 5 16 House of Commons 2008, ‘The run on the Rock’, Treasury Committee, Vol. 1, pp. 23 Kane, E 2008, ‘Regulation and supervision: an ethical perspective’, Principles v Rules in Financial Regulation, Vol. 2 no. 5, pp. 48 56 Milne, A Wood, G 2008, ‘Banking Crisis Solutions: Old and New’, Review (Federal Reserve Bank of St Louis), Vol. 1 no. 2, pp. 517–530. Shin, H 2009 ‘Reflections on Northern Rock: The Bank Run that Heralded the Global Financial Crisis’, Journal of Economic Perspectives, Vol. 23, No. 1, pp. 101–119 Vesala, J 2006, ‘Which Model for Prudential Supervision in the EU’ Monetary Policy and Financial Market Stability, Vol. 10, No. 1, pp.99-105.

Big Screens Big Failure-Stephen

Case Summary Big Screen Studios is one of the largest Hollywood movies studios. Buck Knox, the president of Big Screen has established Big Screen as a studio that produced cost-efficient and profitable films. The studio also had a good reputation for being supportive of the creative side of film making. However, in the last two years Big Screen had invested in several major productions that for various reasons had all performed well below expectation. Knox heard that some of the board members were prepared to force him out of the presidency if Big Screen did not come up with a hit soon. Knox contacted Mark Frazier, the director who had made several profitable movies and had a reputation as being a maverick with a â€Å"vision†. Frazier wants the script that he’s been writing to be filmed by Big Screen, the story about two strong male lead characters, a beautiful woman the men encountered in South America whose affection they fought over, battles, sea journeys, and challenging journeys over mountains and through jungles. Knox enchanted by the script; however Knox could also see that this movie might be extremely expensive to produce. Frazier convinces Knox that it will pay off. After a serious consideration, Knox decided to produce Frazier’s movie with $50 million budget agreement. John Connor, one of Knox’s trusted vice presidents, act as the studio’s liaison with Frazier and to be executive producer on the film. Connor was a veteran of many years experienced in working with directors and budgets. The first major problem the film encountered involved casting. Frazier’s first signing was Cole Rogan, a famous actions star, to be one of the male leads. Knox and Connor felt that Rogan was an asset because he had a reputation as a star who could â€Å"open† a film (audience would come to a movie just because he was in it). However, Frazier then decided to cast Frank Monaco as the other male lead. Monaco had made only a few films to date, and those were fluffy romantic comedies. Monaco had never proved himself in an epic adventure role, and he was an accomplished enough actor that he would make the rather wooden Rogan look bad. Knox suggests recasting Rogan’s role. Unfortunately, it turned out that Frazier had signed Rogan to a â€Å"pay or play† deal, meaning that if the studio released Rogan from the project, the studio would have to pay him a considerable sum of money. Rogan was replaced by Marty Jones, an actor who had had some success in films but mostly in supporting roles. A few weeks after casting was completed, Frazier insists the majority of the production be filmed in the jungles of South America, rather than in the studio. Frazier also insists that he needed to bring along most of the crew that had worked on his previous films. This also means that the budget will be increased. Knox agreed to raise the budget to $75 million as he was afraid of Frazier would go to another studio if he was not allowed to film on location in South America. Frazier, Connor, and the cast and crew headed off to the South American jungles for a scheduled two-month shoot. After two weeks had passed, Frazier was shooting scenes several times over- not because the actors or the crew were making mistakes, or because there was something wrong with the scene, but because the output just didn’t meet his artistic standards. Also, because the filming locations were so remote, the cast and crew were spending nearly four hours of a scheduled seven hour workday traveling to and from location. The production was incurring huge overtime costs. As if that wasn’t bad enough, the progress showed that Monaco and Jones didn’t have any chemistry as a pair, and Gia Norman, the female lead characters, had such a heavy accent that most of her lines couldn’t be understood. As the troubles that come up, Knox headed to the location to meet with Frazier. Knox will put $5 million more into the movie and tell Frazier that the movie must be done within the budget. Knox thought, Connor was doing a good job of reporting, but he didn’t seem to be doing much to correct the budget problems he was observing. After three and half month Frazier came back to California and started editing the film. He refused to allow anyone associated with the studio to be in the editing room. Three weeks into the editing Frazier ask that he want to hire a ship and bring the actors and crew back to perfecting the prologue which would cost the studio another additional cost. Knox agrees after he had a discussion with the board member.

Compare and contrast the European and North American freight Case Study

Compare and contrast the European and North American freight transportation systems, globalized trade, and global policy implications - Case Study Example America and most countries in Europe boast of different kinds of freight systems, which have been instrumental in the growth of their economies. This paper makes a comparison of the global freight systems that have been established in the United States and most countries in Europe. Today’ globalization has brought about very many changes with respect to long-distance transport, as well as communication costs between and among countries of the world. In the past, it was agreed that trade costs did not hold any major impact as far as the structure and quantity of global trade were concerned. However, at present, these costs are now being considered and acknowledge ad being of great importance. Currently, the distribution systems in the global freight can be said to have been brought about by the convergence that has been necessitated by technology, modes and terminals, as well as infrastructure (Debrie & Gouvernal 2006). One of the things that have stood out significantly behind the process of standardization of these global freight systems has been containerization. This development has resulted in the emergence of strategies in supply chain management like maritime shipping. Europe and North America are among the major markets of the world; these two regions have huge notable commonalities in terms of strong and stable import functions (Rodrigue, Comtois & Slack 2009). The global functions in this perspective are made up of inbound logistics; in addition, there are many highly developed shipment distribution systems that link these two regions, necessitating their comprehensive trade flows. Different researches that have been carried out on this issue have indicated that these two regions are still walking similar paths when it comes configuration of their logistics networks and transport infrastructure. The operational decisions, as well as the establishments of regulatory frameworks are guiding and necessitating these

Importance of Health Care Insurance Case Study Example | Topics and Well Written Essays - 1000 words

Importance of Health Care Insurance - Case Study Example Health cover policies require that when a business has a total number going up to 25 full-time employees, they will be mandated to tax credits covering a total of 50% the population of staff insurance premium cost. Health insurance is all-inclusive for children and will cover them until they mature enough without parents incurring extra costs when paying for the cover. By subscribing to insurance wasteful spending is minimized, fraud is regulated and the expansion program for the preventive services is well ensured. The general essence of health insurance covers cut on medical spending while giving individuals an array of choices when seeking for health care services. For the cover to reach millions of people, extra taxes will be paid by mostly the high earners, which may affect an individual or a business. Health covers that come with many options will demand a complicated shopping affair hence confusing. To ensure full cooperation, the insurance policy demands that one pays monthly or else pay a fine for breaching the policy. It leaves nearly half of major nations without cover due to the inability to subscribe to it. Development of other features i.e. the CHIP takes away taxpayers money. Based on a full-time employment and employer mandate to pay insurance cover, many people have been put on shorter work hours in a bid to evade the payment of the cover. Lower paid workers get better benefits when compared to highly paid workers. It is generally accepted that youths are healthy and need no health cover, hence money paid for a youth is considered a waste. The focus of health insurance cover is to ensure that people are covered while it should consider that the cost of Medicare is addressed. Individual and family: It is sometimes termed as a comprehensive cover. The period is more than 12 months while renewable.  

Management accounting and financial reporting Essay

Management accounting and financial reporting - Essay Example Value has been defined in more than one way. In the business world at least, the definition of value ranges from that of finance, to that of marketing. The difference in use according to these definitions are usually the common cause of conflicts with regard to the use of the term. In basic finance, value, or more specifically the value of an asset in economic terms is best defined as the sum of the future benefits, or cash flows to the company which is discounted to the present (Wallace 2008). This is more commonly referred to as the fundamental value (Hanney 2008). On the other hand, built on the argument of benefits that are to be received, value in marketing is usually linked to the asset price that the buyer is willing to pay (OKelly 2008). This is the perceived value. As value is linked to utility, which is linked to perception of future benefits to the receiver of a thing, these two definitions of value, although related in the most basic way, are usually confused when being used (Rossi III, 2009). Perceived value is the concept of true value being reflected in price of a traded commodity (Wallace 2008). This link between value and the price is held by the efficient market theory, where the price includes all the available information in the market and is a good predictor of value (OKelly 2008). Capital markets are considered efficient markets where investors are assumed to be sophisticated, rational individuals who maximise their wealth and utility, and thus only accept prices that reflect the true value of the commodity (Campbell, Owens-Jackson & Robinson 2008). This provides the link between the definition of fundamental value and the perceived value. Accounting regulatory boards have find it hard to define the concept of fair value. According to McCollum, â€Å"obtaining information relevant to fair value is one of the biggest challenges organisations and auditors face in the current market

Lab formal report Example | Topics and Well Written Essays - 250 words

Formal - Lab Report Example The liquid is then transferred to boiling water to enhance the vaporization of the fluid. Subsequently, the liquids vapor will drive out air and in turn fill the flask at atmospheric pressure and the temperature of boiling water (Bettelheim & Landesberg, 2013). By cooling the container to facilitate the condensation of the vapor, the mass of the vapor was measured, and the value M calculated. The method depends on several aspects going right. The outstanding assumption is that the liquid is volatile enough to vaporize at relatively higher temperature (Bettelheim & Landesberg, 2013). Moreover, the liquid less volatile thus a smaller quantity will evaporate via the underlying orifice during the cooling process of the container. The vapor behaves ideally at both the temperature and pressure existing in the container’. The error varies from element to element. Acetone gas might have escaped via the stopper and the rest boiled completely to dryness. The experiment was time-consuming. The error between the trials was immense. An error of 11.9 was high but close. High temperature for the water bath was had to achieve resulting to

Care of the Adult Patient Assignment Example | Topics and Well Written Essays - 3000 words

Care of the Adult Patient - Assignment Example Aside from giving the patient the opportunity to ask questions concerning his treatment and care, it is equally important to know that the patient is physically, psychologically, and socially fit to undergo the surgical procedure (Holland and Chady, 2012; Pudner, 2005). Often times, the process of conducting social assessment is essential in preparation for the patient’s discharge planning (Holland and Chady, 2012). Psychological assessment is normally conducted to ensure that the patient is mentally and psychologically fit to undergo laparotomy whereas the physical assessment is often conducted to ensure that the patient is physically healthy before undergoing the surgical procedure. Due to peritoneal irritation, patients with small bowel obstruction are at risks of experiencing restlessness. Because of the sudden decrease in the patient’s intravascular volume or septic shock, there are cases wherein patients with small bowel obstruction may experience hypovolemia which includes hypotension or tachycardia (Rosenthal, Zenilman and Katlic, 2011). Patients with diabetes are at risks of experiencing high blood pressure and heart diseases (Dillon, 2007, p. 32). Therefore, it is crucial that the physical assessment should include examining the patient’s vital signs such as blood pressure and heart rate. Patients with small bowel obstruction may also experience having fever (Dillon, 2007, p. 603). This is possible because of the abnormalities that are taking place within the human body. Therefore, a significant part of the physical assessment should include taking the patient’s body temperature. Patients with either partial or at the early stage of small bowel obstruction normally have stool or air within the colon (Norton et al., 2003). To detect signs of air and masses, it is necessary on the part of the nurses to perform physical abdominal exam such as the abdominal palpation (Dillon, 2007, p. 17, 64). To

Management accounting and financial reporting Essay

Management accounting and financial reporting - Essay Example Value has been defined in more than one way. In the business world at least, the definition of value ranges from that of finance, to that of marketing. The difference in use according to these definitions are usually the common cause of conflicts with regard to the use of the term. In basic finance, value, or more specifically the value of an asset in economic terms is best defined as the sum of the future benefits, or cash flows to the company which is discounted to the present (Wallace 2008). This is more commonly referred to as the fundamental value (Hanney 2008). On the other hand, built on the argument of benefits that are to be received, value in marketing is usually linked to the asset price that the buyer is willing to pay (OKelly 2008). This is the perceived value. As value is linked to utility, which is linked to perception of future benefits to the receiver of a thing, these two definitions of value, although related in the most basic way, are usually confused when being used (Rossi III, 2009). Perceived value is the concept of true value being reflected in price of a traded commodity (Wallace 2008). This link between value and the price is held by the efficient market theory, where the price includes all the available information in the market and is a good predictor of value (OKelly 2008). Capital markets are considered efficient markets where investors are assumed to be sophisticated, rational individuals who maximise their wealth and utility, and thus only accept prices that reflect the true value of the commodity (Campbell, Owens-Jackson & Robinson 2008). This provides the link between the definition of fundamental value and the perceived value. Accounting regulatory boards have find it hard to define the concept of fair value. According to McCollum, â€Å"obtaining information relevant to fair value is one of the biggest challenges organisations and auditors face in the current market

Care of the Adult Patient Assignment Example | Topics and Well Written Essays - 3000 words

Care of the Adult Patient - Assignment Example Aside from giving the patient the opportunity to ask questions concerning his treatment and care, it is equally important to know that the patient is physically, psychologically, and socially fit to undergo the surgical procedure (Holland and Chady, 2012; Pudner, 2005). Often times, the process of conducting social assessment is essential in preparation for the patient’s discharge planning (Holland and Chady, 2012). Psychological assessment is normally conducted to ensure that the patient is mentally and psychologically fit to undergo laparotomy whereas the physical assessment is often conducted to ensure that the patient is physically healthy before undergoing the surgical procedure. Due to peritoneal irritation, patients with small bowel obstruction are at risks of experiencing restlessness. Because of the sudden decrease in the patient’s intravascular volume or septic shock, there are cases wherein patients with small bowel obstruction may experience hypovolemia which includes hypotension or tachycardia (Rosenthal, Zenilman and Katlic, 2011). Patients with diabetes are at risks of experiencing high blood pressure and heart diseases (Dillon, 2007, p. 32). Therefore, it is crucial that the physical assessment should include examining the patient’s vital signs such as blood pressure and heart rate. Patients with small bowel obstruction may also experience having fever (Dillon, 2007, p. 603). This is possible because of the abnormalities that are taking place within the human body. Therefore, a significant part of the physical assessment should include taking the patient’s body temperature. Patients with either partial or at the early stage of small bowel obstruction normally have stool or air within the colon (Norton et al., 2003). To detect signs of air and masses, it is necessary on the part of the nurses to perform physical abdominal exam such as the abdominal palpation (Dillon, 2007, p. 17, 64). To

Exam case financial accounting Essay Example for Free

Exam case financial accounting Essay Solutions to Exercises and Problems Tutorial 1 IFM Case 2-2 Case 2-2 SKD Limited 1.Goodwill There is no goodwill amortization expense in Country A, so the goodwill amortization expense recognized by SKD must be added back to determine income under Country A GAAP. SKD amortizes goodwill over a longer period (20 years) than is allowed in Country B (5 years), so an additional amount of goodwill amortization expense must be recognized to determine income under Country B GAAP, which reduces Country B GAAP income. b.The goodwill adjustment affects the retained earnings in stockholders’ equity. The increase in Country A GAAP income results in an increase in retained earnings and the decrease in Country B GAAP income results in a decrease in retained earnings. c.The adjustment to income is for the current year only. The adjustment to stockholders’ equity is cumulative. The fact that the stockholders’ equity adjustment is three times as larger as the income adjustment implies that the goodwill was purchased three year ago. 2.Capitalized Interest a.The adjustment labeled â€Å"Capitalized interest† relates to the interest that is not expensed but instead is capitalized under Country A GAAP. The adjustment labeled â€Å"Depreciation related to capitalized interest† relates to the depreciation of the interest that was capitalized as part of the cost of the asset. b.The first adjustment increases income because interest is not being expensed immediately but instead is capitalized as part of the cost of the asset to which it relates. The second adjustment decreases income because under Country A GAAP, the asset to which interest is capitalized has a larger cost and therefore a larger depreciation expense. c.Both income adjustments are closed out to retained earnings and partially offset one another. The increase to income of $50 and the decrease of $20 result in a net increase in retained earnings of $30. 3.Fixed Assets a.When fixed assets are revalued to a higher amount, there is an increase in their carrying value with an offsetting increase in stockholders’ equity to keep the balance sheet in balance. The amount by which the assets are revalued is subject to depreciation, which results in a larger depreciation expense. The adjustment to recognize this additional depreciation expense decreases income under Country B GAAP. It also decreases stockholders’ equity (retained earnings). The decrease in retained earnings from additional depreciation is smaller than the increase in stockholders’ equity from revaluation of assets, which results in a net increase in stockholders’ equity. Note: if we knew when the fixed assets were revalued, we could determine the amount by which they were revalued. For example, if revaluation occurred at the end of the previous year, then the revaluation amount must have been $64 ($64 – 8 = $56) because only one year of additional deprecat ion would be included in the stockholders’ equity adjustment. 27. Holzer Company – Property, Plant, and Equipment (capitalization of borrowing costs and measurement of asset subsequent to acquisition using two alternative models) IAS 16 Cost Model Carry asset on the balance sheet at cost less accumulated depreciation and any accumulated impairment losses. Capitalize borrowing costs borrowing costs attributable to the construction of qualifying assets. Annual interest ($900,000 x 10%)$90,000 Interest to be capitalized in Year 1 ($500,000* x 10%)50,000 Interest expense in Year 1$40,000 * Expenditures of $1,000,000 were made evenly throughout the year, so the average accumulated expenditures during the year are $500,000 ($1,000,000 / 2). Cost of building: Construction costs$1,000,000 Capitalized interest50,000 Total initial cost of building$1,050,000 Annual depreciation (beginning in Year 2) ($1,050,000 / 40 years) $26,250 Year 1Year 2Year 3Year 4Year 5 Income Statement Depreciation expense$0$26,250$26,250$26,250$26,250 Balance Sheet Building (at 1/1)$0$1,050,000$1,023,750$997,500$971,250 Depreciation(26,250)(26,250)(26,250)(26,250) Building (at 12/31)$1,050,000$1,023,750$997,500$971,250$945,000 IAS 16 Revaluation Model Carry asset on the balance sheet at revalued amount equal to fair value less any subsequent accumulated depreciation and any accumulated impairment losses. Capitalize borrowing costs attributable to the construction of qualifying assets. Annual interest ($900,000 x 10%)$90,000 Interest to be capitalized in Year 1 ($500,000 x 10%)50,000 Interest expense in Year 1$40,000 Cost of building: Construction costs$1,000,000 Capitalized interest50,000 Total initial cost of building$1,050,000 Annual depreciation (beginning in Year 2) ($1,050,000 / 40 years) $26,250 Year 1Year 2Year 3Year 4Year 5 Income Statement Depreciation expense$0$26,250$26,250$25,5262$25,526 Subtotal $0$26,250$26,250$25,526$25,526 Loss on revaluation27,500 Reversal of revaluation loss(27,500) Total expense (income)$0$26,250$43,750$25,526$(1,974) Balance Sheet Building (at 1/1)$0$1,050,000$1,023,750$970,000$944,474 Depreciation(26,250)(26,250)(25,526)(25,526) Building (at 12/31)$1,050,000$1,023,750$997,500$944,474$918,948 Loss on revaluation(27,500)1 Reversal of revaluation loss27,5003 Revaluation surplus 3,5523 Building (at 12/31)$1,050,000$1,023,750$970,000 $944,474$950,000 1At December 31,Year 3, the fair value of the building is determined to be $970,000. The carrying value of the building is decreased by $27,500, with a loss on revaluation recognized in Year 3 net income. 2 Depreciation in Year 4 is $25,526 ($970,000 / 38 remaining years). 3At December 31,Year 5, the fair value of the building is determined to be $950,000. The carrying value of the building is increased by $31,052. A reversal of revaluation loss of $27,500 is recognized in income and $3,552 ($31,052 – 27,500) is recorded as revaluation surplus in shareholders’ equity.

Analysing People Oriented Methodology And Its Ethics Philosophy Essay

Analysing People Oriented Methodology And Its Ethics Philosophy Essay People oriented methodology is mainly focused on obtaining the ethical position of every individual. It emphasizes more on ethics which is a participative approach of human or people who might be the stakeholders or users. It also highlights that users are deeply involved in the development process and take control over the stages, it means that the users are also involved in the decision making process and fully committed to the IS development. People oriented methodology can be applied to a system which really involves various types of people. It is normally a difficult task of making the users getting involved in to the development stages, but still the involvement of users from the top level management to the staff level is required in order to avoid some thoughts of the user like, feeling that the job should be more demanding and less secure. On the other hand user involvement may also be used to improvise the human-computer interface. Using this sort of an approach also include s visibility, simplicity, consistency and flexibility. It is also one to the suitable methodology in the life cycle where its aim is to involve users in the development system; its focus is on ethics, socio technical view and human implementation; in the feasibility phase it identifies current problem, opportunity, system boundaries, existing system, key objectives and task. In the analysis phase diagnosis of efficiency, job satisfaction need and analysis, specifying and weighting efficiency is done. People-oriented methodology focuses on organizational design of new system, technical options and preparation of a detailed work design. In the implementation phase, the implementing process is planned in detail it also checks for whatever it is required to make a smooth changeover and finally in the maintenance phase the system is checked in order to make sure the objective is attained, If not the correction action is taken once again ETHICS As it is told already people-oriented methodology mainly focuses on ethics. Ethics is a branch of philosophy which seeks to address questions about morality that is concepts such as good and bad, wrong and right, justice and virtue. On the hand it can also be defined as a moral philosophy involving systematizing, defending, and recommending concepts of right and wrong behavior which is required for an organization. According to Enid Mumford (see Mumford, 1995), ethics is a methodology based on the participative approach to information systems development. Ethics is different from most of the system development methodologies. In ethics the process of change is viewed with the perspective of organizational issue and not as a technical issue. Ethical Theories Ethical theories play an important role in optimizing ordinary moral functions and to establish or defend basic moral principles. Why Ethical Theories? The need for this is that the emergence of new practices in the business and the basic principles may not be enough for the arising problems and may not cover the new areas that are still uncovered. Therefore it is necessary for a rational and consistent theory to evaluate the morality of actions. There are two possible approaches in order to overcome these problems, firstly there are some general rules and approaches but they may not be enough for some sort of issues. There might be some situation where the generally accepted practice or rules may be challenged. In such cases if there is some ways to decide and proceed on which, rule to follow it would be grateful. The ethical theories help an individual or an organization in choosing the right rule. Secondly the decision maker may be able to elaborate and decide his moral decisions to others. Its not a better thought to engage moral reasoning alone with the ethical theory should also be able to interpret it with the moral argumentation. This may help the decision maker to take part in a persuasive and intelligent way. And search of a completely satisfying ethical theory will never end up. There is no theory designed that satisfy all the people and philosophers, but still there are two theories that seems to be good while considering the other theories. They are the teleological and deontological theories, other than this there are theories like utilitarian and Kantian approach which can help in carrying out decisions in a better way. Ethics can be apportioned into three categories Meta-ethics, normative ethics, Applied Ethics. Philosophical Ethics Philosophical ethics carries a different approach to ethics by seeking morality through rational, secular outlook that prioritizes human happiness and well-being. The advantage with this sort of an approach is that it does not subject to religious, cultural or legal perspectives. Modern philosophical ethics can be split in to two categories they are Teleological and Deontological theories. a. Teleological Theories This theory has a special mark because pragmatic, common sensed, and knowledge approach to ethics. The claim here in this theory is that moral character of actions depending on how it can help or harm in a simple and realistic way. It also suggests that the actions that produce more benefits are right and that they dont are wrong. Jeremy Bentham planned to develop a moral science that is more teleological than other ways to separate right and wrong, and he in his Introduction to principles and moral legislation tells that Under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do, as well as to determine what we shall do. On the one hand the standard of right and wrong, on the other the chain of causes and effects, are fastened to their throne. Aiming to make ethics practical, Bentham even proposed a system for measuring the amount of pleasure and pain that an action produces. Called the hedonistic calculus, Benthams system identifies seven aspects of an actions consequence that can be used to compare the results of different deeds: the intrinsic strength of the pleasurable or painful feelings produced (intensity), how long they last (duration), how likely it is that these sensations will be produced by a given action (certainty or uncertainty), how soon they will be felt (propinquity or remoteness), whether these feelings will lead to future pleasures (fecundity) or pains (purity), and the number of people affected (extent). Robbery example to be used for weighing happiness and unhappiness in scrum. Types of pleasure LEADERSHIP Leadership can be defined as process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task[1]. It can also be said in other words as Leadership is ultimately about creating a way for people to contribute to making something extraordinary happen [2]. A good leader sustains him-self with a never ending process of education, self-study and so on. Leadership is a process where an individual makes his team accomplish a particular task and directs the organization in a logically connected and cohesive ways, for this few attributes like beliefs, character, ethics, values, knowledge and skills is required. Before getting in to concept of leadership in software development lets have an overview on the leadership theories and the concepts of leadership LEADERSHIP THEORIES Leadership seemed to take a view from the society only from the twentieth century. Theories in the early period concentrated only on the qualities distinguished between the Leader and the follower. There are lots of theories emerging and most of them can be classified as one among the eight major types. i. Great Man Theories This theory assumes that leaders are not born but made and a great leader will arise when there is need. Previously the research was on the people who were already leaders and on those days leaders mostly were from aristocracy and only a few were from the lower level, and this indicated that leadership has something to do with family or breeding. This great man theory says that leaders are men with heroism, mythic and should be capable of admitting these attributes whenever it is required. ii. Trait Theories This theory assumes that people are born with inherited traits where, some of those traits are particularly suited for to be an effective leader. Early research was on psychological focus of the day but analyzing inherent characteristics of people. A study was often made on great leaders and check whether other people have those traits of those successful leasers. McCall and Lombardo (1983) did a research on both success and failure; they identified four primary traits by which a leader can succeed [2]. Emotional stability and composure Admitting error Good interpersonal skills Intellectual breath But there arises a question who possess those qualities but are not leaders? if we consider traits as key features for leadership. This question is one which makes a difficulty to explain leadership using trait theory. iii. Behavioral Theory The perspective of this theory is that Leaders can be made or rather than are born and also assumes that leadership in order to be successful it should be based on definable and learnable behavior. This theory does not focus on the inbuilt traits or capabilities and tries to intensify from what the leaders actually do. According to this theory people can become leaders by teaching and learning iv. Participative Leadership This theory assumes that people are more committed towards action and involve themselves in to the game when they are put in to some sort of relevant decision making and it also tells that when people make decisions together the social commitment one another plays a vital role and thus there comes a pure involvement in work. Several persons making decisions together brings about a good result is what the theory tells about. A participative leader rather than taking a decision himself will involve other people in to the process including stakeholders, subordinates and superiors, and involves him-self as well. In this theory the leaders allow others to share their ideas and also try to implement them. v. Situational Leadership This theory assumes that best action of a leader is based on the range of situational factors. When a decision is made an effective leader does not fall in to a unique style rather they take different styles based on the situation they work on. Factors that influence situational behavior are the motivation and the capability that the follower carries. A leaders focus of himself, his follower or the factors such as mood, stress and so on might also determine the behavior of a leader. Yukl (1989) seeks to combine other approaches and identifies six variables [3]: Subordinate effort: the motivation and actual effort expended. Subordinate ability and role clarity: followers knowing what to do and how to do it. Organization of the work: the structure of the work and utilization of resources. Cooperation and cohesiveness: of the group in working together. Resources and support: the availability of tools, materials, people, etc. External coordination: the need to collaborate with other groups. From these approaches this theory come to a conclusion that a leaders styles is often variable and it purely demands relationships, resource utilization and managing capabilities. vi. Contingency Theories: This states that leadership focus on the particular variables related to the environment that determine which particular style may best suit for a leadership behavior. This it states that leadership doesnt have a unique style that would be best in all situations. It is a class of behavioral theory where leadership style might be suitable for some theory but may not be successful in some other situation. The main difference between the situational and the contingent theories is that in situational the view is more on the behavior that the leader should adopt in a given situation wherein contingency theory takes an elaborate focus on the capabilities and variables that in a situation. VI. Management theories Management theories are also called transactional theories, and the assumptions made by this theory are that Reward and punishment may motivate people in a better way. And this is a system which works best with the clear chain of command. The subordinates are supposed to do the work given by their superiors or managers. In early days transactional leadership is the one where a subordinate is employed he is paid and given with some task, so that the company gets authority towards the subordinate. And when a transactional leader allocates a work for the subordinate he is the only person responsible for completing the task, whether they have the resource or not. If anything goes wrong the subordinate is been punished as like he is rewarded for succeeding. Managerial theories are often uses in the business domains VII. Relational theories Relational theories are also called as transformational theories, here the assumptions are People will follow a person who inspires them and on the other hand it also states that a person with vision and goal can go to great heights. Working with a transactional leader is an uplifting experience and moreover they care a lot for you and they try their level best to help you succeed, these leaders often follow simple procedures to accomplish their tasks Developing the vision Selling the vision Finding the way forwards And leading the charge These leaders often follow a high level of moral values and ethics in the organization with their followers. This type of leaders get frustrates when the organization or the people expect no changes and are happy the way they are living. Leadership Factors and Keys to Effective Leadership If a person decides to accept one to be a leader he shouldnt see the attributes in his leader rather he should focus on how a leader work and should take him to be an inspiration or role model. This may involve various factors a. Follower and a Leader These are two main factors where, its not a good idea to expect the entire follower may require the same kind of leader for example, a person in the analysis phase might require more assistance in the gathering requirements and a person working in the implementation phase may require a leader who might totally have different traits. So a leader must know his people! Leader is another factor must know answers for three questions in a concrete way, who he is, what he knows, what he can do. He must have the talents of convincing his followers because only because of them a person is leader. SITUATION Communication FOLLOWER LEADER Fig 1: Factors of leadership b. Communication and Situation A leader should always focus on Two-way communication. Its always better that the leader informs his follower dos and donts much of it in a non-verbal form. The way you communicate and what you communicate may play a major role in the leader, follower relationship. It also depends on the situation which is another important factor, situations are not always same, and the work done in one situation will not be suitable for other situation. A best judgment should be made in order to select the leadership style. There are two most important keys for effective leadership Trust and confidence which brings about employee satisfaction Effective communication by leadership in three critical areas as follows Helping employees to understand the companys business strategies. Helping employees understand what is their contribution. Sharing information with employees. LEADERSHIP IN SOFTWARE DEVELOPEMENT ^ Chemers, M. M. (2002). 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