Gay Marriage Should Be Legal - 1726 Words

Up until about ten years ago the thought of same-sex marriage in the United States was taboo and predominately looked at as wrong. This was only dreamt about for many yet over the decades it has become more and more a reality each day. In American society today they re 35 States where gay marriage is legal and only 15 where it is not. Despite the number of states on board, the gay community still doesn t have the same rights as heterosexuals. In most cultures, the LGBTQ community can t adopt or marry, and a lot of religious still oppose homosexuality. Although the gay rights movement is extremely popular, should there be limits? Can homosexuals be just as good parents as heterosexual parents? Is it right for a child to grow up with†¦show more content†¦This means that the relationship does not need the permanency that marriage provides because there s most commonly no children involved. It has been said that there s a state interest in supporting the reproductive family un it, and that is absolutely true. This can be accomplished, however, without excluding non-reproductive families; there s no reason that homosexual couples must be excluded any more than there s a reason that sterile couples or couples who simply do not wish to have kids should be excluded (and these heterosexual couples are not excluded at present). While there is a rational basis for the government to support heterosexual reproductive marriage, there is no rational basis for supporting it to the exclusion of others. Therefore, there is the assumption that a same-sex relationship is only bound by how long the love lasts and isn’t looked at as anything more than that. This groups all same-sex unions into one general category without taking any other contributing factors into consideration To some people these are perfectly valid points to stand by, but numerous same-sex couples want to experience the bond and love that comes along with being married. What might be oddly surpri sing to some people is that many same sex couples want the same things that heterosexuals want, like expressing their love through marriage like any normal

Effects of Uv Rays Essays - 1525 Words

Effects of UV Rays Agnes Berisha Baker College of Auburn Hills July 8, 2010 CONFIRMATION OF AUTHORSHIP: I certify that I am the author of this paper and any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas, or words, either quoted directly or paraphrased. I also certified that this paper was prepared by me specifically for this course. Signature: ________________________________________ There are more benefits that come with the exposure to the sun than harm. Vitamin D that our body produces when we are exposed to the sun is very efficient in curing so many diseases. It protects from arthritis, diabetes, infectious diseases,†¦show more content†¦In the research from as early as 1941 it has been found that people that live in the places with less sun are more likely to develop cancer. Other resources from later days, 1980’s and 1990’s show the same results as well, and provide more information to, which cancer should we worry about. Recent studies also prove that vitamin D deficiency increases other cancer as esophagus, pancreas and leukemia (Holick, 2008). Obesity would be another big problem that we have in United States, it is seen even in young kids. Dr. Shalamar Sibley, the researcher who performs the study, placed 38 obese men and women on the diet program and discovered that people with higher levels of Vitamin D lost half pound more than those with the lower levels of Vitamin D (Huff, 2010). In a clinical study from April 2000 is revealed that patients that couldn’t walk due to the chronic fatigue and body weakness became capable of movement without any problems just after 6 weeks of taking 50,000 IU of Vitamin D per week. The study also suggests anywhere between 4,000 and 10,000 a day, will have a great effect on fighting off disease. If we can’t get it from the sun our next option is supplement with Vitamin D3 (Huff, 2010). All we really need to be healthier is 15 to 20 minutes outside in the summer months, which equals to 20,000 IU of vitamin D taken orally. Vitamin D is very helpful in protecting us from so many different diseases. Daily dosage of above 400 IU will lower the chances ofShow MoreRelatedOzone Depletion And Its Negative Effects On Aquatic Skin1139 Words   |  5 Pages Ozone Depletion and Its Negative Effects on Aquatic Skin The Ozone is made up of three oxygen molecule joint together by covalent bond (O3) which is mostly found in the stratosphere of the Earth. Although it is a poisonous gas, it is important in many ways for human as well as other aquatic and terrestrial animals. But due to the large emission of the halogens and CFCs ozone is being depleted rapidly (Vermishev and Danilov-Danilyan 360-361). 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Nature of Financial Management Free Essays

string(109) " determine whether an investment – proposed or existing – contribute positively to the owner’s wealth\." Chapter 3 – NATURE OF FINANCIAL MANAGEMENT What is finance Finance can be defined as he art and science of managing money. Virtually all individuals and organizations earn or raise money and spend or invest money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among individuals, business and governments. We will write a custom essay sample on Nature of Financial Management or any similar topic only for you Order Now Nature of Financial Management Financial Management as an academic discipline has undergone fundamental changes as regard its scope and coverage. In the earlier years, it was treated synonymously with the raising of funds. In the later years, its broader scope, included in addition to procurement of funds, efficient use of resources. Scope of Financial Management Financial is broadly concerned with the acquisition and use of funds by a business firm. The important tasks of financial management, as related to the above, may be categorized as follows: – A. Financial Analysis, Planning and Control †¢ Analysis of financial condition and preference †¢ Profit Planning †¢ Financial forecasting †¢ Financial Control B. Investing †¢ Management of current assets (cash, marketable securities, receivables and inventories) †¢ Capital Budgeting (identification, selection and implementation of capital projects) †¢ Managing of mergers, reorganizations and divestments C. Financing †¢ Identification of sources of finance and determination of financing mix †¢ Cultivating sources of funds and raising funds †¢ Allocation of profits between dividends and retained earnings Important Topics in Financial Management Table 1. 1 Balance Sheet and Topics in Financial Management Share Capital EquityCapital Structure and Cost of Capital Preference Reserves and Surplus Debentures Unsecured Loan Current Liabilities ProvisionsWorking Capital Trade CreditorsFinancing Policy Provisions Fixed Assets (Net)Capital Budgeting Gross Block Less Depreciation InvestmentSecurity Analysis Current Assets, Loans and Advances Cash and bank balancesCash Management ReceivablesReceivables Management InventoriesInventory Policy Loans and Advances Miscellaneous Expenditure and Losses Table 1. 2 Income statement and Topics in Financial Management Net SalesRevenue risk Cost of goods Sold Materials and stocks Wages and Salaries Other Manufacturing Expenses Gross ProfitGross profit margin Operating Expenses Selling and Administration Expenses DepreciationDepreciation Policy Operating Profit Non operating surplus / deficit Earnings before interest and taxBusiness risk InterestFinancial risk Profit before tax TaxTax planning Profit after taxReturn on equity DividendsDividend policy Retained Earnings Goals / Objectives of Financial Management- Traditional Approach – It has been traditionally been argued that the objective of a company is to earn profit. This means that the finance manager has to make decision in a manner that the profit is maximised. Each alternative, therefore, is to be seen as to whether or not it gives maximum profit. Profit maximization objective gives rise to a number of problems as below: – i) Profit maximization concept should be considered in relation to risks involved. There is a direct relationship between risk and profit. Many risky propositions yield high profit. Higher the risk, higher is the possibility of profits. If profit maximization is the only goal, then risk factor is altogether ignored. i) Profit maximization, as an objective does not take into account time pattern of return. Proposal A may give a higher amount of profits compared to proposal B, yet if the returns begin to flow say 10 years later, proposal B may be preferred which may have lower overall profits but the returns flow is more early and quick. iii) Profit maximization, as an objective is too narrow. It fails to take into acc ount the social considerations as also the obligations to various interests of workers, consumers, society as well as ethical trade practices. Further, most business leaders believe that adoption of ethical standards strengthen their competitive positions. iv) Profits do not necessarily result in cash flows available to the stockholder. Owners receive cash flow in the form of either cash dividends paid to them or proceeds from selling their shares for a higher price than paid initially. Modern Approach – The alternative to profit maximization is wealth maximization. This is also known as Value maximization or Net Present Worth maximization. Value is represented by the market price of the company’s equity shares. Prices in the share market at a given point of time, are the result of many factors like general economic outlook, particular outlook if the companies under consideration, technical factors and even mass psychology. However taken on a long-term basis, the share market prices of a company’s shares do reflect the value, which the various parties put on a company. Normally, the value is a function of two factors (i) The likely rate of earnings per share of a company (EPS) and (ii) The capitalization rate EPS are calculated by dividing the periods total earnings available for the firm’s common shares by the number of shares of common shares outstanding. The likely rate of earnings per share (EPS) depends on the assessment as to how profitably a company is going to operate in the future. The capitalisation rate reflects the liking of the investors for a company. If the company earns a higher rate of earning per share through risky operations or risky financing pattern, the investors will not look upon its shares with favour. To that extent, the market value of the shares of such a company will be low. If a company invests its fund in risky ventures, the investors will put in their money if they get higher return as compared to that from a low risk share. The market value of a firm is a function of the earning per share and the capitalisation rate. Suppose the Earning per share are expected to be Rs. 7 for a share, and the capitalisation rate expected by the shareholder is 20 per cent, the market value of the share is likely to be 7 7 x 100 —— = ———- = Rs. 5 20% 20 This is so because at this price, the investors have an earning of 20%, something they expect from a company with this degree of risk. The important issues relating to maximizing share prices are Economic Value Added (EVA) and the focus on stakeholders. Economic Value Added (EVA) is a popular measure used by many firms to determine whether an investment – proposed or existing – contribute positively to the owner’s wealth. You read "Nature of Financial Management" in category "Essay examples" EVA is calculated by subtracting, the cost of funds used to finance or investment from its after-tax-operations profits. Investments with positive EVA increase shareholder value as those with negative EVA reduce shareholders value. For example, the EVA of an investment with after tax operations profits of Rs. 510,000 and associated financing costs of Rs. 475,000 would be Rs. 35,000 (i. e. Rs. 410,000 – 375,000) Because this EVA is positive, the investment is expected to increase owner wealth and is therefore acceptable. What about Stakeholders? Stakeholders are group such as employees, customers, suppliers, creditors, owners and others who have a direct economic link to the firm. A firm with a stakeholder focus consciously avoids actions that would prove detrimental to stakeholders. The goal is not to maximize stakeholder well being but to preserve it. It is expected to provide long run benefit to shareholders by maintaining positive stakeholder relationships. Such relationship should minimize stakeholder turnover, conflicts and litigation. Clearly, the firm can better achieve its goal of shareholder wealth maximization by maintaining cooperation with other stakeholders rather than having conflict with them. The Role of ethics – Ethics is standards of conduct or moral judgment. Today the business community in general and the financial community in particular are developing and enforcing ethical standards, purpose being to motivate business and market participants to adhere to both the letter and the spirit of laws and regulations concerned with business and professional practice. An effective ethics program is believed to enhance corporate value. An ethics program can reduce potential litigation and judgment costs, maintain a positive corporate image, and build shareholders confidence, and gain the loyalty, commitment and respect of the firms stakeholders. Such actions, by maintaining and enhancing cash flow and reducing perceived risk, can positively affect the firm’s share prices. Ethical behaviour is therefore viewed as necessary for achieving the firm’s goal of owner wealth maximization. Place of Finance function in the organization structure: – The finance function is almost the same in most enterprises. The details may differ but the important features are universal in nature. The finance function occupies such a major place that it cannot be the sole responsibility of the executive. The important aspects of the finance function have to be carried on by the top management i. e. the Managing Director and the Board of Directors. It is the Board of Directors, which makes all the material final decisions involving finance. Financial management in many ways is an integral part of the jobs of managers who are involved in planning, allocation of resources and control. The responsibilities for financial management are disposed throughout the organization. For example: †¢ The engineer, who proposes a new plant, shapes the investment policy of the firm. The marketing analyst provides inputs in the process of forecasting and planning. †¢ The purchase manager influences the level of investment in inventories. †¢ The sales manager has a say in the determination of receivable policy. †¢ Departmental managers, in general, are important links in the financial control system of the firm. The chief financial officer (CFO) is basically to assist the top manageme nt. He has an important role to contribute to good decision making on issues, which involve all the functional areas of the business. He must clearly bring out financial implications of all decisions and make them understood. CFO (his designation vary from company to company) works directly under the President or the Managing Director of the company. Besides routine work he keeps the Board of Directors informed about all the phases of business activity, including economic, social and political developments affecting the business behaviour. He also furnishes information about the financial status of the company by reviewing from time to time. The CFO may have different officers under him to carry out his functions. Broadly, the functions are divided into two parts. (i) Treasury function (ii) Control function Treasury function (headed by financial manager) is commonly responsible for handling financial activities, such as financial planning and fund raising, making capital expenditures decisions, managing cash, managing credit activities, managing the pension fund and managing foreign exchange. The control function (headed by Chief Accountant / Financial Controller) typically handles the accounting activities such as corporate accounting, tax management, financial accounting and cost accounting. The treasurer’s focus tends to be more external, the controllers focus more internal: – BOARD OF DIRECTORS Managing Director/President V. P ProductionV. P FinanceV. P Sales Treasurer Controller Credit Cash Banking PortfolioCorporate Taxes Internal Budgeting Management Management Relation ManagementGeneral Audit Accounting Cost Accounting Fig 1. 1 Organization chart of finance function Relationship of field of finance with economics – The field of finance is closely related to economics. Financial managers must understand the economic framework and be alert to the consequences of varying levels of economic activity and changes in economic policy. They must be able to use economic theories as guidance for efficient business operation. Examples include supply-demand analysis, profit-maximizing strategies, and price theory. The primary economic principle used in managerial function is marginal analysis, the principle that financial decisions should be made and actions taken only when the added benefits exceed the added costs. Nearly all-financial decisions ultimately come down to an assessment of their marginal benefits and marginal costs. Relationship to Accounting – The firm’s finance (treasurer) and accounting (controller) activities are closely related and generally overlap. Normally managerial finance and accounting are not often easily distinguishable. In small firms the Controller often carries out the finance function and in large firms many accountants are also involved in various finance activities. There are two basic differences between finance and accounting: – i) Emphasis on cash flows: – The accountant’s primary function is to develop and report data for measuring the performance of the firm, assuming its financial position and paying taxes using certain standardized and generally accepted principles. The accountant prepares financial statements based on accrual basis. The financial manager places primary emphasis on cash flows, the inflow and outflow of cash. ii) Relating to decision-making: – Accountants devote most of their operation to the collection and presentation of financial data. The primary activities of the financial manager in addition to ongoing involvement in financial analysis and planning are making investment decisions and making financing decisions. Investment decisions determine both the mix and the type of assets held by the firm. Financing decisions determine both the mix and the type of financing used by the firm. However the decisions are actually made on the basis of cash flow effects on the overall value of the firm. Interface with other Functions – Finance is defined as the lifeblood of an organization. It is a common thread, which binds all the organizational functions as each function when carried out creates financial implications. The interface between finance and other functions can be described as follows: – Manufacturing Finance – i) Manufacturing function necessitates a large investment. Productive use of resources ensures a cost advantage for the firm. i) Optimum investment in inventories improves profit margin. iii) Many parameters of the production cost having effect on production cost are possible to control through internal management thus improving profits. iv) Important production decisions like make or buy can be taken only after financial implications have been considered. Marketing Finance – i) Many aspects of marketing management have financia l implications e. g. hold inventories to provide off the shelf service to customers and thus increase sales; extension of credit facility to customers to increase sales. i) Marketing strategies to increase sales have additional cost impact, which needs to be weighed carefully against incremental revenue. Personnel Finance – In the global competitive scenario business firms are moving to leaner and flat organizations. Investments in Human Resource Development are also bound to increase. Restructuring of remuneration structure, voluntary retirement schemes, sweat equity etc. have become major financial decisions in the area of human resource management. Strategic Planning – Finance – Finance function is an important tool in the hands of management for strategic planning and control on two counts – i) The decision variables when converted into monetary terms are easier to grasp. ii) Finance function has strong inter-linkages with other functions. Controlling other functions through finance route is possible. Methods and Tools of Financial Management – i) In the area of Financing – Funds are procured from long-term sources as well as short-term sources. Long-term funds may be made available by owners, i. e. hareholders, lenders through issue of debentures / bonds, from financial institutions, banks and public at large. Short-term funds may be procured from commercial banks, suppliers of goods, public deposits etc. The finance manager has to decide on optimum capital structure with a view to maximize shareholder’s wealth. Financial leverage or trading on equity is an important method by which return to shareholders can be increased. ii) F or evaluating capital expenditure (investment) decisions, a finance manager uses various methods such as average rate of return, payback, internal rate of return, net present value and profitability index. ii) In the area of working capital management there are various methods for efficient utilization of current resources at the disposal of the firm, thus increasing profitability. The centralized method of cash management is considered a better method of managing liquid resources of the firm. iv) In the area of dividend decision, a firm is faced with the problem of declaring dividend or postponing dividend declaration, a problem of internal financing. There are tools to tackle such situation. v) For the evaluation of a firm’s performance there are different methods. For example, ratio analysis is a popular technique to evaluate different aspects of a firm. vi) The main concern of the finance manager is to provide adequate funds from the best possible source, at the right time and the minimum cost and to ensure that the funds so acquired are put to best possible use through various methods / techniques are used to determine that funds have been procured from the best possible available services and the funds have been used in the best possible way: Funds flow and cash flow statements and projected financial statements help a lot in this regard. The changing role of Financial Management in India – Modern Financial Management has come a long way from the traditional corporate finance. The finance Manager is working in a challenging environment, which changes continuously. As the economy is opening up and global resources are being tapped, the opportunities available to finance manager have no limits. At the same time one must understand the risk in the decisions. Financial management is passing through an area of experimentation and excitement, as a large part of the finance activities carried out today were not heard a few years ago. A few instances are enumerated below: – i) Interest rates have been deregulated, further interest rates are fluctuating, and minimum cost of capital necessitates anticipating interest rate movements. ii) Rupee has become freely convertible in current account. iii) Optimum debt equity mix is possible. The firms have to take advantage of the financial leverage to increase the shareholders wealth. However financial leverage entails financial risk. Hence a correct trade off between risk and improved rate of return to shareholders is a challenging task. v) With free pricing of issues, the optimum price of new issue is a challenging task, as overpricing results in under subscription and loss of investor confidence whereas under pricing leads to unwarranted increase in number of shares and also reduction of earnings per share. v) Maintaining share prices is crucial. In the liberalized scenario the capital markets is the important avenue of funds for business. The dividend and bonus p olicies framed, has a direct bearing on the share prices. i) Ensuring management control is vital especially in the light of foreign participation in equity (which is backed by huge resources) making the firm an easy takeover target. Existing managements may loose control in the eventuality of being unable to take up the share entitlements. Financial strategies to prevent this are vital to the present management. Forms of Business Organization – The three most common forms of business organization are the sole proprietorship, the partnership and the company. Other specialized forms of business organizations also exist. Sole proprietorship are the most In terms of total receipts and net profits corporate form of business dominate. Sole Proprietorship – A sole proprietorship is a business owned by one person who runs for his own profit. Majority of the business firms are sole proprietorships. The typical sole proprietorship is a small business e. g. bakeshop, personal trainer or plumber. The majority of sole proprietorship is found in the wholesale, retail, service and construction industries. Typically, the proprietor along with few employees runs the business. He raises capital from personal resources or by borrowing and is responsible for all business decisions. The sole proprietor has unlimited liability, towards creditors not restricted to the amount originally invested. The key strengths and weaknesses of sole proprietorship are given in table 1. 3. Partnership – A partnership firm is a business run by two or more persons for profit. Partnership accounts for the next majority of business and they are typically larger than sole proprietorship. Finance, legal and real estate firms often have large number of partners. Most partnerships are established by a written contract known as ‘Deed of Partnership’. In partnership, all partners have unlimited liability for all the debts of the partnership. In India, partnership is governed by the Partnership Act, 1932. Strengths and weaknesses or partnerships are summarized in Table 1. 3. Company Form – A company form of business is a legal entity, separated from the owners, with perpetual succession. Just like an individual, the company can sue and be sued, make and be party to contracts and acquire property in its own name. The company form of organization is the dominant form of business organization in terms of receipts and profits. Although, corporations are involved in all types of business, manufacturing corporation account for the largest portion of corporate business receipts and net profits. The key strengths and weaknesses of corporate form are summarized in Table 1. 3. The owners of the company are its shareholders, whose ownership is evidenced by either common shares or preference shares. Shareholders get a return by receiving dividends i. e. periodic distribution of earnings or gains through increase in share price. Owner’s liability is limited to the amount paid on their shares. Shareholder elects the Board of Directors through vote. The Board of Directors has the ultimate authority in running the organization including making the general policy. The President or Chief Executive Office (CEO) is responsible for managing day to day operations and carrying out the policies established by the Board. The CEO is required to report periodically to the firm’s board of directors. The corporate form of business are subject to strict control by Regulatory Agencies including Companies Ac, 1956, SEBI, etc. Table I – Strengths and weaknesses of the common forms of business organizations Sole Proprietorship |Partnership |Company | | | | | |Strengths | | | | | | | |Owners receive all profits and incurs all losses |Can raise more funds than the sole proprietorship |Owners liability is limited to the extent paid on | | |their shares | |Low organizational costs |Borrowing powers enhanced by more owners | | | | |Can achieve large size via sale of shares | | |More available manpower and managerial skill | | |Income is i ncluded and taxed on owners personal tax | |Ownership (share) is readily transferable | |return |Income included and mixed on individual partner’s tax | | | |return |Long life of the firm | |Independence | | | | | |Can have professional managers | |Secrecy | | | | | |Has better access to financing | |Ease of dissolution | | | | | |Receives some tax advantage | | | | | | | | | |Weaknesses – |Owners have unlimited liability and may have to cover | | | |debts of other partners |Taxes generally higher, because corporate income is | |Owner has unlimited liability towards debt of the firm| |taxed and dividends paid to owners are also taxed. | |Partnership is dissolved when partner dies |(the latter has been exempted at the hands of the | |Limited fund raising power limits growth | |shareholders in India) | | |Difficult to liquidate or transfer partnership | | |Proprietor must be jack-of-all trades | |More expensive to organize than other forms of | | | |business | |Difficul t to give employees long-run career | | | |opportunities | |Subject to greater control by regulating authorities | | | | | |Lacks continuity when proprietor dies or unable to | |Lacks secrecy since the shareholders must receive | |operate | |financial reports at periodic intervals | | | | | Limited Liability Partnership A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. This is an important difference from that of an unlimited partnership. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. In some countries, an LLP must also have at least one â€Å"general partner† with unlimited liability. Unlike corporate shareholders, the partners have the right to manage the business directly. In contrast, corporate shareholders have to elect a board of directors under the laws of various state charters. The board organizes itself (also under the laws of the various state charters) and hires corporate officers who then have as â€Å"corporate† individuals the legal responsibility to manage the corporation in the corporation’s best interest. An LLP also contains a different level of tax liability from that of a corporation. Limited liability partnerships are distinct from limited partnerships in some countries, which may allow all LLP partners to have limited liability, while a limited partnership may require at least one unlimited partner and allow others to assume the role of a passive and limited liability investor. As a result, in these countries, the LLP is more suited for businesses where all investors wish to take an active role in management. There is considerable confusion between LLPs as constituted in the U. S. nd that introduced in the UK in 2001 and adopted elsewhere  Ã¢â‚¬â€ see below  Ã¢â‚¬â€ since the UK LLP is, despite the name, specifically legisl ated as a Corporate body rather than a Partnership. India The Limited Liability Partnership Act 2008 was published in the official Gazette of India on January 9, 2009 and has been notified with effect from 31 March 2009. However, the Act, has been notified with limited sections only. The rules have been notified in the official gazette on April 1, 2009. The first LLP was incorporated in the first week of April 2009. 1. In India, for all purposes of taxation, an LLP is treated like any other partnership firm. 2. be limited to their agreed contribution in the LLP. 3. Further, no partner would be liable on account of the independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful business decisions or misconduct. 4. LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession. Indian Partnership Act, 1932 shall not be applicable to LLPs and there shall not be any upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners can not exceed 20, LLP Act makes a mandatory statement where one of the partner to the LLP should be an Indian. 5. Provisions have been made for corporate actions like mergers, amalgamations etc. 6. While enabling provisions in respect of winding up and dissolutions of LLPs have been made, detailed provisions in this regard would be provided by way of rules under the Act. 7. The Act also provides for conversion of existing partnership firm, private limited company and unlisted public company into a LLP by registering the same with the Registrar of Companies (ROC) 8. Nothing Contained in the Partnership Act 1932 shall effect an LLP. 9. The Registrar of Companies (Roc) shall register and control LLPs also. 10. The governance of LLPs shall be in electronic mode based on the successful model of the present Ministry of Corporate Affairs Portal. Chapter Assignments – 1. What are the tasks of Financial Management? 2. Discuss the salient features of the traditional approach to Corporation Finance. 3. Discuss the distinctive features of modern approach to Corporation Finance. 4. What is the normative goal of financial management? 5. â€Å"Financial Management is an integral part of the jobs of all managers. Hence it cannot be entrusted to a staff Department†. Discuss. 6. Discuss some of the problems the financial managers in a developing country like India have to grapple with. 7. Draw a typical organization chart highlighting the finance function of a company. 8. Which of the following functions should be the responsibility of a Finance Manager? i) Maintaining the books of account. ii) Negotiating loans with banks iii) Preparation of cost statements iv) Conducting of internal audit v) Analysis of new projects i) Ensuring that enough cash is available at all the branches and factories of the company. vii) Assisting the management in taking a decision regarding the quantum of dividend. viii) Negotiating under-writing agreements in case of new issues ix) Preparing the financi al statements. x) Deciding about change in the policies regarding recruitment. xi) Decision on administrative practices. xii) Change in marketing and advertising techniques routine. 9. Which of the following statements are true? i) It is the job of the finance manager to approve all payments. ii) The finance manager has to keep a proper balance in the procurement and use of funds. iii) Acquisition of fixed assets is of no concern to the finance manager. v) It is always advisable to distribute the total amount of profit as dividend. v) Since it is crucial that all sections of the business have adequate cash, it is a good policy to give each sections of the business double the amount of cash that they normally require so that they can meet even emergencies. vi) Debentures and loans from financial institutions are very important sources of long-term funds. vii) It is better if no credits are given to the customers since this would mean that no amounts are tied up in sundry creditors. v iii) In a period of rising prices, it is better to stock as much as raw material as possible, irrespective of the cost of procuring funds. x) A proper capitalization ensures that there is a balance between long-term funds and short-term funds and also proper ratios are maintained between the various sources of funds. 10. Which of the following statements do you agree? i) Financial management is essential only in private sector enterprise. ii) Only capitalists have to bother about money. The bureaucrat is to administer and not manage funds. iii) The public administrators in our country must be given a basic understanding of essentials of finance. iv) A state owned Transport Company must immediately deposit in the bank all its takings. v) â€Å"Financial Management is counting pennies. We do not believe in such miserly attitude†. vi) â€Å"Finance function is important as any other function in an organization†. How to cite Nature of Financial Management, Essay examples

Courts As Legislators Essay Example For Students

Courts As Legislators Essay Courts AsLegislatorsThe purpose of this paper is to show that although not originally intended to, some our modern day courts in the United States have in essence become legislators. I will give a brief overview of the history of courts and site some cases where the decisions handed down or the opinions of the court have set precedent in the way the law is understood and enforced. As long as man has been on this earth there have been conflicts or disputes that needed to be resolved by a third party. By definition, a court is a.) a place where legal justice is administered b.) a judicial tribunal duly constituted for the hearing and determination of cases. The recognized existence of even primitive courts implies a relatively high degree of social organization and the need for systematic resolution of disputes based on established customs and rules of conduct. Courts have been set up to hear disputes between two or more parties. In medieval European history a Curiae was a court, or group of persons, who attended to a ruler at any given time for disputes of social, political or judicial purposes were resolved. Its composition and functions varied considerably from time to time and from country to country during a period when executive, legislative and judicial functions were not as distinct as they were later to become. The ruler and the curia made all policy an d decisions either great or small and if the ruler was a powerful one, were as active as a modern day court of law. The curia of England underwent an evolution from the medieval curiae. It was known as Curia Regis, which was introduced at the time of the Norman Conquest (1066) and lasted until the end of the 13th century. The Curia Regis was the start that the higher courts of law, the Privy Council and the Cabinet, evolved from. About the same time, the Curia undertook financial duties. The members were called justices and in the kings absence presided over the court. In 1178, Henry II took another step by appointing five Curia members to form a special court of justice, which became the Court of Common Pleas. Initially the justices of this court followed the Kings court from place to place, but Magna Carta (1215) provided for the court to be established in one place. There was also Ecclesiastical courts, which was a tribunal set up by religious authorities to deal with disputes am ong clerics or with spiritual matters between clerics and layman. Although you can find such courts today among the Jews, Muslims and some Christian sects, their functions have become limited to strictly religious issues and the governance of church property. During earlier periods, the ecclesiastical courts often heard matters of the non-spiritual, and during the Middle Ages; the Roman Catholic Church even rivaled the non-spiritual courts in power. Some of the secular matters dealt with included anything to do with marriage and exclusive jurisdiction over cases involving wills. In England, the ecclesiastical courts had complete jurisdiction in matters of succession of personal property until the 16th century, and then in competition with the courts of chancery, until 1857. In many areas, where royal justice was insufficient, church court assumed jurisdiction. However, by the end of the 14th century, as the administration of royal justice increased, so did the heightened controversy between the two powers. The secular authorities found ways to diminish to power of the ecclesiastical courts, thus rendering their jurisdiction to that of spiritual matters. The civil contract of marriage was separated from the sacrament and other contracts and wills were brought into the secular domain. In England today the ecclesiastical courts exercise jurisdiction in civil cases concerning church buildings and in criminal cases in which clergymen are accused of spiritual crimes. As our forefathers came to America, they brought with them the ideals that were set before them in their native country. Although they left England looking for a new way of life, they used these ideals as the basis for a new society. With the Constitution of the United States a new form of government was formed. The three branches of federal government that arose from this are: legislative (Congress), executive (President), and judicial (courts). Article I of the constitution establishes the legislative branch, Article II the executive and Article III the judicial. These three branches operate within a system known as checks and balances, this means that although each branch is separate, the Constitution often requires the cooperation among the branches. The federal courts are often called the guardians of the Constitution because their rulings protect rights and liberties guaranteed by the Constitution. The federal courts interpret and apply the law to resolve disputes, through fair and impartial judgements. The federal courts do not make laws, that is the responsibility of Congress. Nor do the courts enforce the laws; this is the role of the President and executive branch departments and agencies. With the last statement being said, through out the years the Supreme Court has decided cases or made statements of opinion on cases that have set precedent on how the law was to be interpreted. The legislative branch of the government was set up to make, change or repeal laws, and not the judiciary branch of the government. As the Supreme Court has presided over cases, they have been called upon to interpret a specific law and clarify its intent. By doing so, they may alter the way that the executive branches of the government have been enforcing the law. Below is a summary of some cases that have made significant changes to the way a law was viewed, or clarified an interpretation of that law, thereby in essence making or changing a law. Scarlette Letter EssayThe cases before us raise questions, which go to the roots of our concepts of American criminal jurisprudence: the restraints society must observe consistent with the Federal Constitution in prosecuting individuals for crime. More specifically, we deal with the admissibility of statements obtained from an individual who is subjected to custodial police interrogation and the necessity for procedures which assure that the individual is accorded his privilege under the Fifth Amendment to the Constitution not to be compelled to incriminate himself. We dealt with certain phases of this problem recently in Escobedo v. Illinois, 378 U.S. 478 (1964). There, as in the four cases before us, law enforcement officials took the defendant into custody and interrogated him in a police station for the purpose of obtaining a confession. The police did not effectively advise him of his right to remain silent or of his right to consult with his attorney. Rather, they confronted him with an alleged accomplice who accused him of having perpetrated a murder. When the defendant denied the accusation and said I didnt shoot Manuel, you did it, they handcuffed him and took him to an interrogation room. There, while handcuffed and standing, he was questioned for four hours until he confessed. During this interrogation, the police denied his request to speak to his attorney, and they prevented his retained attorney, who had come tothe police station, from consulting with him. At his trial, the State, over his objection, introduced the confession against him. We held that the statements thus made were constitutionally inadmissible. This case has been the subject of judicial interpretation and spirited legal debate since it was decided two years ago. Both state and federal courts, in assessing its implications, have arrived at varying conclusions.1 A wealth of scholarly material has been written tracing its ramifications and underpinnings.2 Police and prosecutor have speculated on its range and desirability.3 We granted certiorari in these cases, 382 U.S. 924, 925, 937, in order further to explore some facets of the problems, thus exposed, of applying the privilege against self-incrimination to in-custody interrogation, and to give concrete constitutional guidelines for law enforcement agencies and courts to follow. The Justice Department has recently urged the Supreme Court to reaffirm its 1966 Miranda Decision, arguing that Congress lacked authority to pass a 1968 law intended to reverse Miranda but never enforced. In the 33 years since (Miranda) was handed down, it has become embedded in law, said the filing signed by Attorney General Janet Reno, asserting that the decision has become a constitutional foundation that cannot be reversed through legislation. It still rests with the Supreme Court to decide in upcoming weeks whether to review the 1968 decision. As you can see in the three examples given, the Supreme Court has not authored new laws, changed or repealed them. The rulings they have handed down have affected many individuals. The interpretation of the laws and amendments they have reviewed, have dictated the way the police departments, other law enforcement agencies and courts do business, thus in my opinion acting as legislators in some form. COURTS AS LEGISLATORSBIBLIOGRAPHYInfoPedia 2.0 1992-1995 Softkey MultimediaAmerican History Online- http://Longman.awl.comFind Law: Laws, Cases and Codes http://Findlaw.comEncyclopedia Britannica- http://Britannica.comBusiness Law-The Legal, Ethical, and International EnvironmentThird edition Henry R. CheesemanLegal Issues

People All over the World Prefer to Watch Foreign Films Much More Than the Locally Produced Ones. Why Is the Case Should the Government Give Financial Support to the Local Film Industry Essay Example

People All over the World Prefer to Watch Foreign Films Much More Than the Locally Produced Ones. Why Is the Case? Should the Government Give Financial Support to the Local Film Industry? Paper Foreign films such as the Hollywood blockbusters have been prevailing globally and enjoy a wide range of fans, which poses a tremendous threat to the local film industry. A comprehensive analysis concerning the reasons of this phenomenon and whether the government should provide financial aid to support the local film industry will be discussed in this essay. Why such a substantial number of people are willing to see foreign films are mainly attributed to three factors, including the fine production, human beings’ nature and individuals’ needs. The first and foremost reason is foreign films, especially those blockbusters are constantly involved with the advanced elements, such as the amazing visual effects and acoustics, which largely helps the films, like The Smurfs and Avatar, to win a sizeable percentage of audiences throughout the world. Born to be curious about all fresh ideas and exotic cultures, people could obtain a substantial number of information through seeing a foreign film. This would satisfy human beings’ nature of curiosity. In conjunction to that, individual purposes, such as going abroad to have further education might be another factor that needs to be taken into consideration, for seeing a foreign film where actors and actresses all speak the native language might be the best way to master this language. We will write a custom essay sample on People All over the World Prefer to Watch Foreign Films Much More Than the Locally Produced Ones. Why Is the Case? Should the Government Give Financial Support to the Local Film Industry? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on People All over the World Prefer to Watch Foreign Films Much More Than the Locally Produced Ones. Why Is the Case? Should the Government Give Financial Support to the Local Film Industry? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on People All over the World Prefer to Watch Foreign Films Much More Than the Locally Produced Ones. Why Is the Case? Should the Government Give Financial Support to the Local Film Industry? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer However, the locally produced films seem to reach a bottom in comparison with their foreign counterparts and it is highly suggested that the local government financially support this industry. On the one hand, films are the carrier of a country’s culture. Supporting the local film industry will enable the widespread of its culture and this seems an essential approach to help a country be more powerful in the world. On the other hand, the boom of this industry would, to a large extent, produce an increasing number of job positions and consequently, the unemployment rate in this country might substantially decrease, which will contribute to its social stability. In conclusion, it is reasonable for foreign films to enjoy the popularity at an international level in terms of the merits that they may possess; while it is also necessary for the local government to support the development of local film industry through all possible manners, financially, in particular.

Free Essays on Respect

RESPECT Respect: a relation to or concern with something specified; an act of giving particular attention; consideration. That’s the official definition, but what does it mean to me, good question. What does it mean to me? Respect is something that should be earned not just given. There are a lot of people who do not respect others, and that is one of the things wrong with society today. The gang members who spray graffiti in their own neighborhood on other people’s property, they need to be punished cause they show no respect for anyone or anything. Behavior like this probably begins at home. Many families are single parents only so children are not taught respect in the home as in the past. They learn nothing about values, because there’s no one to teach them. They pick it up from the streets instead. They learn to disrespect themselves by subjecting their bodies to drugs and alcohol. They learn to disrespect others so they can be cool, and not only people but property as well. How de we correct this, don’t know. All we can do is show them respect and hope in some way they can respect us back. Most societies show much respect for the elderly, except for the U.S. The elderly have much we could learn from, but for some reason we just put them in nursing homes and let them rot. Other countries hold the elderly in total and utter respect, listening to their every word, and acting on it. We could learn something from these other countries. We tend to think of ourselves as the perfect society, but in many ways we are flawed. As we learn new ways the old ones are tossed to the side. What happened to the days when the youth would gather around a WWII vet and listen to his stories of the war. Nowadays we’re too busy to listen, and because of this we suffer for it. Old traditions are tossed away as easily as yesterday’s trash. Maybe it’s time we stopped and looked at how others respect their elders and start doing th... Free Essays on Respect Free Essays on Respect Respect is something that a person or persons who is talking or in general is given when the attention is on them or in an academic environment. The type of respect that I am writing about is the respect given to a person or persons in an academic environment. One thing you should not do when people are reading or studying is talk. That is why I am writing this essay because I did not give the needed respect to my classmates in the classroom. Even though I had nothing to do I should have been courteous enough to give my classmates the respect that they deserved in the classroom. Though I was not reading or studying I was goofing around and talking there for I did not give the proper respect to my classmates when it was needed. There are a couple of sayings that I know that are about respect such as: to get respect you have to give respect, and the most common I think is be respectful of other around you even if they are not respectful to you. Though others were talking around me I sh ould not have taken part in talking with them because I causes even more of a distraction to others when there is more than one person talking around you. It also got me into trouble and now I have to write an essay on it. Respect towards others is needed and should be taught because if you have no respect for others then you will probably not get respect, even if it is not in an academic environment it is just good manners to have respect towards people especially your peers. Respect can get you far in life. Once you give respect you will almost with out a doubt get it back which is a good thing. For example: if you give respect to someone that is studying when you are studying they will probably and hopefully give you the same respect that you gave to them when they were studying. Most people get favors from other people either because they are friends, or pay them money, or have done them favors, or know their families, they also get favors from other peo... Free Essays on Respect RESPECT Respect: a relation to or concern with something specified; an act of giving particular attention; consideration. That’s the official definition, but what does it mean to me, good question. What does it mean to me? Respect is something that should be earned not just given. There are a lot of people who do not respect others, and that is one of the things wrong with society today. The gang members who spray graffiti in their own neighborhood on other people’s property, they need to be punished cause they show no respect for anyone or anything. Behavior like this probably begins at home. Many families are single parents only so children are not taught respect in the home as in the past. They learn nothing about values, because there’s no one to teach them. They pick it up from the streets instead. They learn to disrespect themselves by subjecting their bodies to drugs and alcohol. They learn to disrespect others so they can be cool, and not only people but property as well. How de we correct this, don’t know. All we can do is show them respect and hope in some way they can respect us back. Most societies show much respect for the elderly, except for the U.S. The elderly have much we could learn from, but for some reason we just put them in nursing homes and let them rot. Other countries hold the elderly in total and utter respect, listening to their every word, and acting on it. We could learn something from these other countries. We tend to think of ourselves as the perfect society, but in many ways we are flawed. As we learn new ways the old ones are tossed to the side. What happened to the days when the youth would gather around a WWII vet and listen to his stories of the war. Nowadays we’re too busy to listen, and because of this we suffer for it. Old traditions are tossed away as easily as yesterday’s trash. Maybe it’s time we stopped and looked at how others respect their elders and start doing th...

To what extent can knowledge of tumour associated antigens be useful Essay - 1

To what extent can knowledge of tumour associated antigens be useful in the management of cancer patients Illustrate your answe - Essay Example The antigens are expressed in different categories depending on the gene mutation of proteins in the Tumour cells. These categories define the classes of tumour-Associated antigens, which are Unique Tumour Antigens, Cancer Testis Antigens, Differentiation Antigens, and over expressed Antigens in relation to T-cells antigens in cancer (Gires & Seliger 2009). Unique Tumour Antigens are specific antigens in the tumour cells recognized by CD4 + and CD8+ T cells as a result of gene mutation and fusion of proteins (Gires & Seliger 2009). These tumour antigens have specific expressions to the tumour cells from which the proteins are altered thus only a few are shared in different T-cells. Unlike Unique Tumour Antigens, Cancer Testis antigens go through additional mutations that bring about a restricted expression on cancer cells. These antigens encompasses a group of antigens recognized by CD4 + and CD8+ T cells and they are basically antibody target (Gires & Seliger 2009). Differentiation Antigens are characterized by malignant cells associated with cluster differentiation that are not particularly tumour related. They are directed towards specific antibodies in the same lineage rather than normal body cells (Gires & Seliger 2009). ... e, Cytotoxic T-cells detect antigens on Tumour cells, which can lead to cell damage when Cytotoxic T-cells secrets negative cytokines that destroys normal cells (Crowley 2011). Immunotherapy uses the same kind of approach since it kills small metastatic cells hence creating adaptive immunity when the antigens get to the body (Miermont 2008). Antigen- specific T- cells are introduced in the body through vaccines where Lymphocytes create a hormonal immune response by being activated to eliminate Tumour Associated antigens immediately they recognize invading antigens (Nagorsen & Marincola 2005). Tumour- Associated Antigens are helpful when it comes to human cancer management. The importance of these types of antigens is dependent on the type of cancer and the level in which it has been realized. It has been realized that tumour associated antigens are very attractive diagnostic and therapeutic approaches to human cancer (UICC 2003). When applied especially when the cancer symptoms are n ot conspicuous, it can assist in revealing the areas affected by cancer cells. For example, Hodge, Grosenbach & Schlom (2002), expresses an experiment where they introduce vectors (antigens) in the body of a patient in form of a vaccine. These experiments are done using different antigens as a source of signal. The introduction of the antigens helped create immunity since it identified the specific areas affected. With introduction of antigens in different capacities, the immunity went on growing with each vaccine administered. According to Kumar (2012), cancer can be successfully treated by a combination of chemotherapy, surgery, radiation therapy and immunotherapy. Having knowledge about tumour-associated antigens can assist a patient to know the right combination for his particular

The Importance of Ethics to Sustainable Growth in Engineering Essay

The Importance of Ethics to Sustainable Growth in Engineering Enterprise - Essay Example So, predefined policies that direct employees are represented through the organizational culture which gives them proper sense of direction to accomplish their targets. Ethical standards are also greatly appreciated by the consumers. It has been observed that customers are biased towards those companies who follow ethical code of conduct. Ethical standards also include implementing Corporate Social Responsibility (CSR) in their production strategy. The paper here essentially emphasises on the importance that engineering companies are supposed to pay on their ethical practices. Since engineering companies produce goods that are directly consumed by the society, they bear high responsibility towards the community. The paper here has taken the help of both secondary and primary data for the completion of research work on two countries, the United Kingdom and China and compared their attitude towards implementing guidelines. The study started with a brief introduction and then literature review. Literature review examines various theories related to ethical standards and its practices along with its positive affects that it creates on the workplace. The next part is the methodology portion in which the data collection methods and the research approach have been widely discussed. The methodology also discusses about the primary research that comprises of open-ended questionnaire survey. It also explains the research instruments app lied in the study. The research findings collect the secondary data on the basis of the 9 questions that are discussed in the methodology part. The analyses and comparison of the outcomes with respect to UK and China are done in the data analysis part. The engineering sector broadly deals with factories, machines, plants and machineries (Kopnina and Blewitt, 2014). The engineers employed are responsible for a company’s production operations that include building cost efficient techniques of production,

PMAN Communication plan Essay Example | Topics and Well Written Essays - 500 words

PMAN Communication plan - Essay Example This project communication plan will offer us an appropriate way for managing and controlling the flow of the communication and information inside and outside the corporation. In addition, by creating an efficient communication strategy we can enhance the project’s working efficiency. The basic aim of this communication plan is to run the project efficiently since it will offer a much better working and collaborative environment. The basic need is to establish a better inter and intra communication platform for the communication between project sponsor and project staff. The manager of the new ZolastinexÂÂ ® project desires to establish a communication structure that is less expensive and more effective in handling, controlling and managing the project. The communication is desired to control useful resources handling, mentoring progress, running project tasks, resources deployment, staff management and management decision making. The basic strategy is to establish a secure communication environment that is capable to transfer the entire business data and information all through the desired areas of corporation and project management staff. In this project we need to establish an efficient communication method for all the project stakeholders and handlers. In this scenario we need to take following actions to effectively handle the communication among all the project stakeholders. In this project we will use the following communication/ dissemination

Barriers To Effective Communication In Nursing Nursing Essay

Barriers To Effective Communication In Nursing Nursing Essay A nurse with good communication skill is someone who really listens to the patients, understands their problems and queries and answers in a way the patients will understand. Communication in nursing profession can be a complicated process, and the possibility of sending or receiving incorrect messages frequently exists. It is important to know the key components of the communication process, how to improve the nursing skills and the potential problems that exist with errors in communication. In this case, we take a nurse as an example. A nurse who can explain in a simple manner to a sick man why a particular diet is very useful to get well soon, is said to have good communication skills. Both verbal and non-verbal communication plays a very important role in communication in nursing. For most patients, the nurse becomes the primary contact in the medical world. The nurse serves as the liaison between doctor and patient. She must understand the doctors instructions and the patients concerns. Her communications skills focus on both giving and receiving information as well as creating an environment of confidence. The relationship between nurse and patient should be a therapeutic nurse-patient relationship. According to Pullen and Matthias (2010), a therapeutic nurse-patient relationship is defined as a helping relationship that is based on mutual trust and respect, the nurturing of faith and hope, being sensitive to self and others, and assisting with the gratification of your patients physical, emotional, and spiritual needs through your knowledge and skill. In other words, a therapeutic nurse-patient relationship focuses mainly on the patient. Today, it is sad to say that there are many nurses who fail to grasp the importance of good communication between the nurses and the patients and therapeutic nurse-patient relationship. They neglect their duty to keep the needs of the patients as their first priority. Poor communication is dangerous as misunderstandings can lead to misdiagnosis and even medication errors. This area is also one of the main sources of complaints made to the health service ombudsman every year and some believe that a separate module for communication should be used in nursing training instead of being subsumed into the general curriculum. The barriers to good communication skills are many and include time pressures (nurses are so busy ad may not be able to get time to sit and talk with patients); lack of privacy; skills mix on the wards can mean there is a shortage of qualified nurses who are available to talk to patients; lack of training; and different languages. There are also several useful things to remember in having good communication including being prepared and know what you are going to say; having the right information to give when patients ask questions; maintain eye contact and observe the patients body language; listen properly; pick up on the non-verbal signs as well as the verbal ones; avoid the use of medical jargon; and in cases of breaking bad news, be emotionally prepared, try to find the right environment, and be sensitive, honest and compassionate. In this assignment, however, I will only discuss on factors that lead to poor communication in nursing. Research Problem 1. Problem Statement The problem statement for this research is To determine the factors that lead to poor communication skills in nursing. Poor communication skills in nurses are a major problem today and can be widely seen in most hospitals and clinics. There are many cases where the nurses speak rudely to the patient and ignore any questions asked by them. They are more concerned with their own welfare than that of the patient and many nurses hesitate and feel embarrassed to ask questions when there are things they do not understand. Their ignorance and poor communication skills can be due to several factors such as emotional stress, language barriers, overworking, fear and education or experience gaps. This problem of poor communication, if it is not dealt with at its earlier stage may lead to the destruction of the delicate relationship between the patients and the nurses. The patient will no longer trust the nurses and this may not only give a bad name to the nurses but also to the hospital. I believe that, when the root of this poor communication in nurses has been identified, we can take immediate action to correct and improve the current communication between the nurses and the patients. In this research, our scope is within the Miri General Hospital. The nurses in the hospital act as a mediator between the doctor and the patients. Nurses are the group of hospital staff that are the eligible to explain any queries of the patients and give comfort to patients. This is the main reason why good communication skill is a compulsory trait that all nurses must possess. It is from this research that I hope, we will get a better understanding of the cause of poor communication in nurses and from there, and we will be able to take necessary steps to overcome this problem. 2. Research Objectives (a) To understand the importance of good communication skills in nursing. The best relationship between a nurse and her patient is the therapeutic nurse-patient relationship. Therapeutic nurse-patient relationships are based on mutual trust, nurturing, and sensitivity to the patients needs. In this research, we wished to determine why good communication is very important in the nursing field. What are the advantages of good communication in nursing and what are the drawbacks of poor communication in this field. (b) To determine if overworking is the cause of poor communication in nursing. Nurses today have more responsibilities compared to nurses of previous times. Today, nurses not only are responsible for the welfare of their patients but their paperwork load has increased. Nurses also need to ensure the cleanliness of the ward especially if the housekeeping staffs are not around. They need to be able to fix the machineries if the technicians are not available. All these additional responsibilities lead to the overworking of nurses and thus leads to them not having the time to communicate and interact well with the patients. (c) To determine if shortage of nurses is the cause of poor communication in nursing. With each passing year, there are more sick patients that require a lot of time and attention from the nurses. But due to lack of nurses, there is only very limited things a nurse can do for each patient. The nurse allocates a very short while to attend her patients, not having time to talk or listen to the patients questions or doubts. This will make the patient feel neglected and unattended to. This high nurse to patient ratio may also be a reason that contributes to the poor communication between nurses and patients and also degradation of therapeutic nurse-patient relationship. (d) To determine whether language barrier is leading to poor communication in nursing. Language plays an important role in communication. The inability to understand a language can lead to misunderstanding and miscommunication, worst still, misdiagnosis. In nursing, it is very important that the nurse should understand what the patient tries to convey to them and vice versa. If both the nurses and the patients cannot understand each other due to use of different language, it will lead to many problems and misunderstandings. Language may also be a factor that leads to poor communication in nursing. (e) To determine if fear is one of the contribution to poor communication in nursing. One common reason for poor communication is that it has to do with a  nurse  having a  lack of comfort or fear in communicating with another nurse or doctor. These type of issues usually occurs  when a nurse feels threatened by a co-worker, fears the possibility of making a mistake and doesnt say anything to avoid judgement or  lacks confidence in her abilities as a competent nurse. (f) To determine if education and experience gaps leads to poor communication in nursing. An education or experience gap can occur when a less educated/experienced nurse works with another senior nurse who  is much  more educated and/or experienced and the junior nurse has trouble understanding the concepts, procedures and/or medical terminology used by the more experienced nurse. These types of gaps can lead to confusion, misinterpretation, inaction and errors due to the inability to communicate effectively  and fully understand  what is being  communicated. (g) To determine whether emotional stress leads to poor communication in nursing. Nurses who are experiencing a lot of emotional stress or a trauma may have difficulty focusing or expressing or communicating their feelings, perceptions, beliefs  and attitude towards certain situations. This can lead to mistakes being made and/or reduce the amount of attention they are able to put towards their work, patients and co workers. 3. Hypothesis/ Research Questions I have come to believe that modern day nurse-patient relationship is undergoing serious strain due to poor communication between the nurses and the patients. There are several factors that might contribute to this problem. Firstly, the modern nurses are being overworked, causing them to lack in their communication skills. When nurses work long  shifts for  extended periods of time it can cause fatigue, which lowers their focus, effectiveness and ability to communicate effectively with patients and staff. Today, nurses must spend an inordinate amount of time completing redundant documentation in several different places, hunting for supplies, wearing multiple hats and performing other tasks. For instance, if the need for a cleanup arises and the housekeeping staffs are not present, nursing staff must address it. If the remote control is not functioning properly and the maintenance staffs are nowhere to be found, the nurse is usually the person who must try to resolve the issue. The next reason is due to shortage of nurses. Every year there are more sick patients that require much of the nurses time. This leaves them with very limited time with other patients. The nurses may be doing their job but they fail to form a relationship with the patients. We take for example,  a nurse approaching the bedside to empty a patients indwelling urinary catheter. As she approached she didnt make any eye contact and duly went about emptying the catheter, recorded the details on his fluid balance chart and walked away. At no time during the procedure did she speak. This example shows how essential communication skills are when caring for patients. Had he wanted to ask a question, the opportunity was lost. At this time, it would have been a good opportunity to take a look at the patient and perhaps ask how he was feeling. Poor non verbal communication also leads to poor nurse-patient communication. Poor communication also occurs when the nurse and patient speak different first languages. Idioms and frames of reference can carry shades of meaning in one language that may not exist in another. Mispronunciation or incorrect signing may be misleading to the nurse or patient, causing the patient to lose his trust on the nurse. This problem usually occurs among the elderly patients and also the foreign patients. Due to the difference in language, both the nurses and the patients fail to convey each message to another.   Especially in Malaysia, a country full of different races and languages, it is impossible for the nurses to be able to understand and speak all these different languages. There are also some patients, especially those who live in the interiors; they are not able to speak the national language but only their one native language. This phenomenon also leads to poor communication skills. Poor communication also tends to evolve out of the level of power within hospitals. The presence of hierarchies in hospitals tends to increase the likelihood of poor communication developing at some level or another within the vertical power structure. The main cause of this communication failure is due to fear but hierarchical organization of power in hospitals is not a bad thing-it just means that it can lead to poor communication to develop discrimination within the medical hierarchy. One of these places is between physicians and nurses. Nurses frequently hesitate from asking physicians potentially obvious or unimportant questions. As both physicians and nurses are very much involved in the care and support of patients, major communication breakdown between them could lead into serious medical difficulties for their patients. For example when a physician instructs a nurse to convey important medical information to patients but the nurse does not fully understand the information an d due to fear, she does not ask for further explanation from the doctor and gives the wrong information to the patient. Poor communication between physicians and nurses also often develop when physicians fully rely on written orders to convey instructions to nurses. They will write important details into patients medical files- including crucial instructions for nurses, for example when to administer a particular treatment. If nurses happen to miss checking patients medical files, they will also miss the important instructions that were written in them. Although this raises the crucial question of why doctors continue to use this indirect mode of communication to the extent they do, and nurses dont object to it, does not suggest that written communication should be prohibited, but that written communication is a poor substitute for direct verbal communication. One reason why written communication remains is that nurses fear questioning what they might consider to be a standard pract ice among all doctors. Here again it can be seen that the reluctance to question the practices of superiors may lead to a communication breakdown-or, more seriously, to a complete communication failure. As nurses usually feel inferior to the physician in charge, so do junior nurses feel inferior to the senior or more experienced nurses. The younger nurses hesitate to ask questions to the senior nurses in fear of being labelled as not well educated. Sometimes, the senior nurses explains a certain procedure or information to the junior nurses, but due to lack of experience, she may not fully understand it and hesitate to ask any questions after that. The senior nurses also take for granted that the junior nurses understand all that has been explained. Miscommunication as such is very dangerous as it will affect the patient. Nurses are the backbone of any healthcare unit. The pressures of overtime and long working hours create a work leads to stress, which will affect the health of the nurses. All nurses have to do shift work or attend emergencies at night and this stress of shift work can also worsen the nurses health conditions leading to depression, low morale, and low motivation. Other factors such as long commuting hours and long traffic adds to their stress affect the employees efficiency and effectiveness. All these can affect the nurses relationship at home as well as on the job. Home stress contributes significantly to the stress faced by nurses. Their home life is disturbed due to night shifts, overtime, transportation problem, and difficulty in getting leave. They constantly worry about their children and their studies not being properly supervised. Nurses have to look after the home, cooking and cleaning as they cannot afford domestic help. This can have a negative influence on their physical and emotional health and lead to psychosomatic disorders. Psychosomatic illness is a disorder that affects the body and the mind. These illnesses have emotional origins causing physical symptoms. Some examples are acidity, anaemia, backache, and stiffness in the neck and shoulders. Sometimes, in the absence of doctors, nurses are on the front line and have to face verbal abuse from patients and relatives for issues that may not be directly connected to their work. Physical violence and aggressiveness is also on the rise in patients and their relations. Demanding patients and their relatives can cause conflict and lead to more stress. Another cause of stress is economic loss to the organization due to errors, wrong decisions, wrong choice, lack of attention, and injury. All these stress factors demotivate the nurses causing them to slack in their communication skills. Conclusion Communication in nursing is specifically used to identify the nurse-patient relationship amongst other things; some of the ways include translating, getting to know you and establishing trust to ensure the patient receives the best treatment (Fosbinder, 1994). In a place where an individuals health  and well-being  is largely determined by the level of cooperation amongst  nurses  and other  medical professionals who are assisting them, there are things that are more important than  education, training and open communication. Poor communication often leads to big mistakes such as prescribing the wrong medication, improper diagnosis of a patient  ailment or medical condition, administering the wrong treatment plans and in some cases even death of a patient due to misdiagnosis due to lack of communication. We also know that nurses and physicians are trained to communicate differently. Nurses learn to communicate by being descriptive, detailed, and narrative while physicians learn to summarize, diagnose, mend, and repair. This makes nurses the best mediator between the physician and the patient as nurses are taught to explain and give information in the most understandable manner to the patient. Communication is at the heart of these goals and patients are being encouraged to be more involved in their care. This can only be achieved if patients truly understand what is available and feel empowered to make those choices. Therefore, when talking to a patient next time, take time to reflect on how you think the consultation went and how it could be improved. Determine whether you use jargon or abbreviations that the patient might not understand, and more importantly did you find out if the patient understood what had been said.

Magnet Therapy Essay -- essays research papers fc

A. Introduction and Definition: Magnet therapy is an alternative treatment which has been gaining ground in recent years. Magnet therapy is related to biomagnetism which is a branch of biology that studies the effects of magnetism in living beings as well as magnetism and electromagnetism. Many experiments have been conducted in the world. Over time, practitioners have kept records of what has and has not worked. Precautionary measures are now known to use with magnet therapy. It has been known to promote magnet therapy as a very safe and effective treatment when used correctly. B. Historical Aspects and Background: The origin of biomagnetism started centuries ago by the people of India, China, the eastern Mediterranean basin, and Australian aborigines and native Africans. Around 200 B.C., the Greek physician Galen noted magnetism was being used for it’s purgative powers. A persian physician named Ali Abbas was using magnetism to treat "spasms" and "gout" around A.D. 1000. Also, in the 16th century, Paracelsus, an innovative Swiss physician claimed to cure "hernias, gout, and jaundice" through the use of magnets. To understand the history of biomagnetism, it is necessary to examine the earlier history of magnetism and electromagnetism. Only a few hundred years ago did electromagnetism emerge, but the knowledge of magnetism goes back to ancient times. Legends say that a shepard named Magus discovered a mineral that attracted the nails of his sandals as he crossed Mount Ida in Asia Minor about twenty-five hundred years ago. The mineral today is known as ma gnetite. Some sources say that the word "magnetism" comes from Magnesia, a city in Asia Minor where the stone can be found. It has been observed when a magnet is left free to spin, it always rests in the same position. In 1269, Pierre de Maricourt had differentiated the two poles. He called the poles "north" and "south." "North" was the pole that points to the geographic north pole and "South" the pole that points to the geographic south pole. Later, it was observed that opposite poles attract and same type poles repel. In this case, "North" the pole of magnet pointing to the geographic south and "South" the pole pointing to the geographic north. ... ...essages to the brain when stimulated. Nerve cells have a negative internal charge and a positive external charge unlike blood cells. When the north pole of a magnet is applied to the skin next to the nerve endings, the negative energy of the magnet and positive energy of the nerve cells attract each other. There are many more positive effects of magnet therapy that relate to the endocrine system, joints, muscles, and the blood. Personally, I have gone to massage therapy, for my back, as long as 6 months or so. I have had little to no relief at all. I have though about the use of magnet therapy quite a bit. If magnet therapy could be an alternative in treatment of my back, I would definitely have to say yes! Magnet therapy has many positive effects and more and more research is being conducted to this day. F. Bibliography: 1. Healing With Magnets, Gary Null, Ph.D. Carroll and Graf Publishers, Inc. 1998. 2. Magnet Therapy: The Gentle and Effective Way to Balance Body Systems, Ghanshyam Singh Birla and Colette Hemlin, Healing Arts Press, 1999. 3. Magnet Therapy: The Pain Cure Alternative, Ron Lawrence, M.D., Ph.D., Paul J. Rosch, M.D., F.A.C.P., and Judith Plowden

Epic Stories ‘Paradise Lost’ and ‘The Ramayana’ Essay

‘The Ramayana’ and ‘Paradise Lost’ hold stories of ancient times that tend to explain the existence of two different cultures in the present world. Milton, the author of ‘Paradise Lost,’ concerns himself with the Christian story of the ‘Fall of man’ while Valmiki, the author of The Ramayana, tries to bring out an explanation to the goals of human life. In this assignment, I would like to compare author’s use of two female characters in both ‘The Ramayan’ and ‘Paradise Lost’ as I try to explain the mythological themes expressed in these two old myths (Jung 64). Eve in ‘Paradise Lost’ and Sita in ‘The Ramayan’ are the two female characters used extensively by the authors in these separate stories in an attempt to explain the goals of human life and likewise the reason for the fall of man. The story exhibited by Milton in the book ‘Paradise Lost’ has been told in countless stories and also portrayed in pictures in most religious places as well as paintings to that effect. Similar stories that relate to the book ‘The Ramayana’ can as well be found in Classical mythology (Fryer 233). Jung explains the term myths to be fatal experiences whose effects are normally felt in personal life. He classified myths according to its unconscious nature because he believes that by doing so, they will be accepted by the society hence help shape their traditions and culture. The contents of the personal unconscious are chiefly the feeling-toned complexes while the contents of the collective unconscious are known as archetypes (Jung 66). Different interpretations have been made in relation to the Garden of Eden story with most Christians holding the belief that it was actually true, another interpretation tries to portray it as a story that shows transition in t he way of life of the ancient people while a final interpretation tries to show that the truth behind the myth is baseless, though universally people live in accordance to the values it shows (Fryer 248). According to the unconscious nature possessed by people about myths is what constitutes  complex feeling-tones of individual’s private and personal psychic life. Eve, in the book ‘Paradise Lost’ has widely been regarded as the symbol of unconscious. She is seen as the figure of the animating principle and also as one that develops the growth of this principle. Franz holds the same view and explains further that she makes us believe that life may be lived. He says â€Å"Eve is full of traps and snares and in order for man to fall, he should ensnare himself there, reach the earth and stay caught so that he should live a full life† (Jung 68). This he believes that Eve accomplished by not resting until she had convinced Adam of the goodness of the forbidden apple. Eve does not see the apple as evil but as an opportunity to become wiser (Franz 56-74). Empson argues that Eve sees the eating of the apple as a test of her courage to break the commandment and graduate to a new stage of relationship with God Almighty (Empson 45-57). In attempting to comment on the serpent’s witty advances to Eve by explaining the good that comes with breaking the commandment and the benefits that eating the apple brings, Empson agrees that Eve feels that she has to break the commandment so as to show her courage and whether her desire to get to Heaven is real enough to call her courage out. He does not accept the notion that Eve is a female symbol that is used to bring out the unconscious belief in the book ‘Paradise Lost’. Empson differs with Jung’s belief of viewing eating of fruits as a sign of new beginning of life. According to Empson, the test is rooted in hermeneutics. He believes that the reason why Eve disobeyed God was because she thought God never meant what he said (Empson 122-247). The two, Empson and Jung, though both believe that Eve’s contribution to the fall is due to her desire. She does not choose to eat the apple because it is evil, but because it is an opportunity to attain another good in the book ‘Paradise Lost’, Milton differs with his predecessors who had also written stories about Adam and Eve. Milton predecessors portray Eve as deficient in virtuous enterprise. They blamed Eve for the woes of the world and their concept of Eve rooted in dualism, a view that is not depicted by Milton in the book ‘Paradise Lost’. Milton, represent Eve as a literary figure separating her from primitive conception by those who hold on tradition yet they are unconscious of prime examples of Eve in the society. ‘Paradise Lost’ is a literary epic of a personal effort while ‘The Ramayan’, however, is a non-literary epic. Sita is the dominant female character in the story ‘The Ramayana’ and thus is comparable to Eve in ‘Paradise Lost’ in their contribution to bringing the mythical themes to the two stories as they are both mythical symbols. ‘Paradise Lost’ is a work of a single individual and thus it is possible to conclude that the characters involved in the story are a projection of the author’s ideas on how he wants the characters to appear. It can thus be said that the characters in ‘Paradise Lost’ are truly Milton’s characters. This cannot be said of the characters in the epic story ‘The Ramayana since it is a collective effort of different people in bringing out the epic story. It is due to this that the comparison of the two primary characters in the two separate stories becomes interesting . Sita is first introduced in the epic story at Janak’s wedding. She is regularly referred to as faithful, gentle, soft and sweet. In the epic story, a marriage of husband and wife is regarded to as a linkage. This resembles the marriage as depicted in the bible in the book of Genesis, where Adam is quoted as referring to Eve as ‘flesh of my flesh’. The epic story also shows man as superior to the woman, as it indicates that the woman is the shadow to the man’s masculine substance. Sita’s limitation occurs when she gets obsessed with her attraction to the deer’s beauty that she sends Rama out to go and look for it. Her obsession is magnified when she gives an option that if Rama cannot catch the deer alive, then at least he brings her the deer’s body so that she may use it as a rag. Rama becomes angry after Lakshman refuses to obey his orders when she sends him out to look for him. Her desire exposes her to Ravan’s desires which force him to kidnap her and carry her away with him to Lanka. This situation is in sharp contrast to that of Eve in the epic story ‘Paradise Lost’. In ‘The Ramayana’, Sita’s fall is her desire for a good that is illusory which separates her from Rama her protector and thus becomes vulnerable to capture, while to Eve, it makes her vulnerable to temptation by the serpent which later leads to her eating of the apple. The two scenarios depict the same theme content, and that is a woman’s desire that leads to unfortunate endings. In the case of ‘Paradise Lost’, the eviction from the Garden of Eden, while in ‘The Ramayana’, a war ensued. The contrast in the way the two characters are shown in the two epic stories is also different. The author individualize Eve right from the start of the book however in the case of Sita, the author individualize her after the incidence where she became angry with Lakshman for not obeying her when she sends her to go fetch Rama. Of the two, Eve as portrayed in the book ‘Paradise Lost’ is in contrast with how she has always been portrayed by people generally and other poets too. She is shown as an object of desire, her work in the garden and her sexual relations with Adam. She is thus the author’s portrait of an ideal woman with an exception being her desire for knowledge which indicates her as a cultural symbol. Sita on the other hand is more of an ideal character. The psychological reality that is shown by Sita’s story and her loss is evident too in other classical myths and is also present in the Biblical myths of the Garden of Eden. The nature of ‘The Ramayana’ epic story also helps in suppressing many other author’s ideals and aspirations as it is a collective work of individual elements. The analysis of the two characters gives the conclusion that a character’s thematic condition is reliant on the poet’s capacity of showcasing his own ideals. Works Cited Dutt, Romesh. The Ramayana and the Mahabharata. London: Dent, 1910. Empson, William. Milton’s God, London: Chatto & Windus, 1961. Franz, M,-L. ‘The Process of Individuation.† Man and His Symbols. ed. Carl G. Jung. New York: Dell, 1964. Fryer, Northrop. Anatomy of Criticism: Four Essays. Princeton: Princeton University Press, 1957. Jung, Gustav. The Archetypes and the Collective Unconscious. Princeton: Princeton University Press, 1969. Milton, John. Paradise Lost; An Authoritative Text, Backgrounds and Sources, Criticism. Ed. Scott Elledge. New York: Norton, 1975.