Course Work Essay Example for Free

Course Work Essay As the Vice President of the Sales, it is his duty in any case to deal with deals the board administration and deals pay program as per David J. Cichelli (p. 38) and not the items being sold in the market. Hence, it is improper for another Vice-President of Sales to talk about imperfect wrenches before a CEO meeting particularly that he is uninformed of the moral rules being drilled by the association. For this situation, he needs to take additional consideration to talk about the issue to the gathering without seeming rude or rude. In any case, the recently employed CEO (Vice President of Sales) has imparting the idea of consumer loyalty that is essential in the development of deals just as significant in his job as deals the board chief to give the most extreme fulfillment. He additionally needs to guarantee that coordinated effort among individuals from the group is drilled as he accept his obligation as a component of the CEO group. Assessing the situation, he needs to investigate a few roads and get ready materials to help his contention. To start with, he needs to audit the strategies of the association just as a review on client input of the item led beforehand, from where he will base his contention. Any data about the company’s structure, moral rules, and strategies will assist him with forming his examination and proposition to divert the company’s idea of consumer loyalty. Carefully, he may introduce the issue as a major aspect of his underlying report utilizing the SWOT investigation from that point he may start activities basic to the development of deals. SWOT investigation as per Robert Price is useful in the â€Å"analysis of the outer environment†¦ and inside situation† to see the entire situation of the issue (p. 104). Second, he may propose development of the item to be presented as another model through which the client may see the item having great quality that will â€Å"solve basic client problem† (Rafinejad, p. 208). Item advancement ought to be painstakingly intended to accomplish the best improvement of the item in light of the fact that as Rafinejad expressed, â€Å"†¦too numerous corrections to an item are troublesome to customers’ business activity and make confusion† (in the same place). Third, the organization may inform the general population through a very much created warning arrangement which may incorporates â€Å"customers’ response to the arranged changed† (Rafinejad, p. 210). Once the customers’ needs at long last settled, a proper change warning may happen; this includes email notice, publicizing, and other open connection undertakings. The requirement for solid feeling of business morals established on consumer loyalty should likewise be underscored. This for the most part requires inward smoothing out. Bjorn Andersen expressed that business morals has â€Å"a solid inspirational impact that can prod people and in fact whole association to inconceivable pinnacles of performance† (p. 7). This makes fundamentally a genuine feeling of commitment with respect to the workers in the conveyance of items to the clients. To understand this objective, the organization needs to rethink corporate culture and rebuild the association so that bolsters the target of the organization as a major aspect of the development procedure. Redefinition incorporates distinguishing corporate social obligation approach with hands on strategic policies through change process on the activity level. Andersen referenced that the procedure includes strategy setting, generally picture creation, and calling attention to heading for the organization’s morals attempt (p. 28). To help the undertaking, the organization needs to assess its structure such that responsibility for progress as well as falling is resolved. In like manner, certain business exercises must be diverted through appointing corporate morals program. Linda K. Trevino and Gary R. Weaver recommended to â€Å"formalize organization esteems and expectations† in which numerous components needs to investigate, for example, â€Å"dedicated staff, supporting structures and strategies, and broad worker involvement† (p. 91). End: The new Vice President of Sales with his mastery in the field of business may share his insight that will enable the business to develop. The inadequate wrenches may make the business fall because of client protests that are not managed appropriately. Appointing errands that will spare the picture of the organization will be acknowledged through activities for change in items and corporate morals. This will be finished by methods for undertaking key arranging dependent on research that may incorporate adjusting new approaches for the organization. Reference Andersen, B. (2004). Breathing life into Business Ethics: Achieving Corporate Social Responsibility. USA: American Society for Quality. Cichelli, D. J. (2003) Compensating the Sales Force: A Practical Guide to Designing Winning Sales Compensation Plans. USA: McGraw-Hill Professional. Value, R. (2007) The Eye of Innovation: Recognizing Possibilities and Managing the Creative Enterprise. USA: Yale University Press. Rafinejad, D. (2007) Innovation, Product Development and Commercialization: Case Studies and Key Practices for Market Leadership. USA: Ross Publishing. Trevino, L. K. Weaver, G. R. (2003). Overseeing Ethics in Business Organizations: Social Scientific Perspectives. USA: Stanford University Press.

Cosmological Argument free essay sample

Layout the key highlights of the cosmological contention The cosmological contention attempts to address the inquiry why would that be a universe as opposed to nothing by any means? As the contention draws on understanding and perception it is manufactured back and inductive. With the utilization of inductive thinking, it proposes the requirement for an unceasing and vital reason. Drawing from Platos perception that the universe must be reliant on an essential mover, which was additionally evolved by Platos most prominent understudy Aristotle through his utilization of reducto promotion absurdum decreasing the contention to preposterousness). There is likewise the Kalam contention which attempts to demonstrate that the universe must have a reason. Pl : each occasion has a reason P2: the universe is an occasion C: God is the reason for the universe The various types of the cosmological contention incorporate three of the five different ways Aquinas proposes in his book Summa Theologica. We will compose a custom article test on Cosmological Argument or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Aquinas first way was the contention of movement, this type of the cosmological contention sprung from the perception that everything is followed up on by something different. Aquinas contended that there can't be an unending chain of relapse in any case the universe would not be here, yet it is (reducto promotion absurdum) thus there must be an essential mover. Aquinas recommended the essential mover is God. Pl: nothing can emerge out of nothing P2: If there wasnt an essential mover there would be no universe (reducto advertisement absurdum) however we know there is P3: there must be an unaffected central player C: the unaffected mover is God The second method of Aquinas is the causation contention. This created from the reality cap everything has a reason implies that there can't be a boundless relapse of causes, there must be one essential reason that began everything. Aquinas asserts this first reason is God. Pl: everything has a reason P2: nothing can cause itself P3: without a first reason there would be no ensuing causes yet we realize that this will generally be bogus (reducto promotion absurdum) C: God is the primary reason The possibility contention is Aquinas third way. This contention is not quite the same as the initial two different ways as in it is shaped from the possibility that everything is ependent on something before it. Aquinas accepts that it isn't workable for everything to be unexpected, so there must be a non-unforeseen being which Aquinas professes to be God. Pl: things on the planet are unexpected P2: envision everything was unforeseen; at that point there was one time when everything had dropped of presence (there was nothing) P3: If this was genuine then there would be nothing currently except for we realize this isn't correct (reducto promotion absurdum) P4: not all things can be unexpected; there must be in any event one thing that is fundamental C: he vital being is God. Another savant who bolstered the cosmological contention was Gottfried Leibniz. He acknowledged the contention since he accepts that there must be a Leibniz contended If you don't assume anything yet progression of states and won't discover any of them adequate explanation. Leibniz dismissed a limitless relapse alongside Aquinas since he didn't trust it was an agreeable clarification for presence. He acknowledged that God was the principal uncaused reason on which everything is dependant.

How Yoga Can Help Reduce Stress

How Yoga Can Help Reduce Stress Stress Management Management Techniques Physical Techniques Print How Yoga Can Help Reduce Stress By Ann Pizer twitter linkedin Ann Pizer is a writer and registered yoga instructor who teaches vinyasa/flow and prenatal yoga classes. Learn about our editorial policy Ann Pizer Medically reviewed by Medically reviewed by Richard Fogoros, MD on December 16, 2015 Richard N. Fogoros, MD, is a retired professor of medicine and board-certified internal medicine physician and cardiologist. He is Verywells Senior Medical Advisor. Learn about our Medical Review Board Richard Fogoros, MD Updated on June 03, 2017 mapodile / Getty Images More in Stress Management Management Techniques Physical Techniques Relaxation Time Management Effects on Health Situational Stress Job Stress Household Stress Relationship Stress Yoga has long been known to be a great antidote to stress. Yoga combines many popular stress-reducing techniques, including exercise and learning to control the breath, clear the mind, and relax the body. As yoga becomes increasingly popular, more and more people are discovering the benefits this ancient practice brings to their stressful lives. Establishing a consistent yoga routine is the best way to experience the difference yoga can make. This  five-pose stress management yoga routine  is intended for beginners who think they dont have time for yoga. Exercise Hatha Yoga is the physical practice of yoga postures. There are many different types of hatha yoga: some are slow and more focused on stretching, others are fast and more of a workout. If you are looking to relieve stress, no one yoga style is superior, so pick one that meets your level of physical fitness and personality. Any exercise will help relieve stress by keeping the body healthy and releasing endorphins, natural hormones that make you feel better. Yoga also relieves stress through stretching. When you are stressed, tension is stored in the body making you feel tight and often causing pain. The intense stretching of yoga releases tension from problem areas, including the hips and shoulders. Breath Control Pranayama, or breath work, is an important part of any yoga practice and one that translates well to life off the mat. At the very least, yoga increases your awareness of the breath as a tool for relaxing the body. Although breathing is an involuntary act (you have to keep doing it to stay alive), you can choose to regulate the breath. Just learning to take deep breaths and realizing that this can be a quick way to combat stressful situations is amazingly effective. Clearing the Mind Our minds are constantly active, racing from one thought to another, spinning possible scenarios for the future, dwelling on incidents from the past. All this mind work is tiring and stressful. Yoga offers several techniques for taming the monkey mind. One is breath work, as outlined above. Each breath is tied inextricably to the present moment; you are not breathing in the past or the future, but only right now. Focusing on each inhale and exhale to the exclusion of other thoughts is one way to clear the mind, It is also a basic meditation technique. In addition, the performance of yoga poses, or asanas, also acts as a form of meditation. The poses are so physical  and have to be done with such concentration, that all other thoughts and worries are put to the side, giving your brain a much-needed break. Relaxation Each yoga sessions ends with five to ten minutes spent relaxing in corpse pose - savasana. While this enforced relaxation can be difficult at first, eventually it serves the purpose of a total release for both body and mind. Savasana transitions you back into the world feeling refreshed and equipped with the tools to combat stress in your daily life. Yoga Nidra is a practice that offers an opportunity for a longer, deeper period of relaxation and an introduction to meditation, which can also be a great stress reducer.

Experiment 8 Acetylsalicylic Acid Experiment - 1650 Words

Monica Perez Experiment 8: Acetylsalicylic Acid Experiment 01/25/2013 CHM Lab- 2211 Sec 0016 Instructor: Jennifer Reed Introduction: Commonly used as Aspirin, acetylsalicylic acid is an analgesic (pain reliever), which is one of the products of the esterification reaction between salicylic acid and acetic anhydride. This esterification occurs since the hydroxyl group from the salicylic acid reacts with acetic anhydride to form an ester. In this experiment, we will be able to recreate this acid catalyzed reaction, using sulfuric acid as our catalyst in order to produce acetylsalicylic acid and acetic acid. The final product of this reaction will be some crystals, which will be mainly composed of acetylsalicylic acid. In order†¦show more content†¦Test the filtration device with water, before placing the crystals in the solution. Filter the crystalinization product for 5-10 min and finally rinse the crystals with some distilled water. Re-crystallization of Crude Acetylsalicylic Acid Dissolve crude product of previous crystalinization in a clean 125 mL Erlenmeyer flask with ethyl acetate (2-3 mL). Gently heat the solution on a hot plate to dissolve the reagents and then allow the solution to cool down at room temperature. At this point crystals should form, if not add petroleum ether to the solution. Place the flask with the solution on an ice bath until crystallization is complete. Once again, set up the vacuum filtration that was used to collect crude crystal product and vacuum dry the crystals for 10 minutes. Perform the ferric chloride test by setting up four test tubes with salicylic acid, products of crystalinization, products of re-crystalinization and distilled water respectively in order to detect the presence of phenol. Finally, after placing the products of re-crystalinization in the oven for 5-10 min record its mass and its melting point. Conclusion: Our results lead us to think that the possible reason for this low percentage, as well as for the differences between melting point range obtained and the actual melting point (128- 130  ° C 0  ° C instead of 135- 136  ° C) might have been due errors in the time that the re-crystallized sample spent in the oven. This theory is reinforced byShow MoreRelatedExperiment 2a Adsorption Chromatography ( Tlc )1455 Words   |  6 PagesNAME: ____Amy Hua_______________________ Experiment 4a Adsorption Chromatography (TLC) Summary of Points for Experiment 4a: Item Possible Points Actual Points Pre-Lab 2 Notebook: N/A N/A Purpose/Table of Reagents 2 Corrections 2 Blank Spaces 2 Signatures 2 TLC data (4-in notebook) 8 Coherent 2 Conclusions (absent here) 1 Sub-Total = 21 multiply Sub-Total x 2= 42 Report: N/A N/A Introduction 2 Data and Calculations 8 Less Points-Missing Data N/A N/A Unknown Identity 10 Read MoreLab Report On Aspirin1180 Words   |  5 PagesThe purpose of this lab experiment is to study a simple esterification reaction, producing acetylsalicylic acid (aspirin), thus becoming familiar with synthetic chemistry tools and techniques. Introduction1 Organic molecules can be classified based on the functional groups that they possess. One of these classes is esters, which are produced from an acid and an alcohol as shown in the following figure. Figure 1: Reaction of a carboxylic acid and an alcohol to form and ester.2 Based on theRead MoreSynthesis and Characterization of Aspirin Product Identity and Purity After synthesizing a1000 Words   |  4 Pagesdetect the presence of leftover salicylic acid in the synthesized aspirin and allow you to determine its concentration. Government regulations stipulate that commercial aspirin must not contain residual salicylic acid since it is irritating to the mouth, throat, and stomach. Iron salts react with phenols to form a complex ion that has a purple color, therefore iron (III) chloride can be used to determine if your aspirin sample contains residual salicylic acid. The second test uses melting point toRead MoreIsolation of the Active Ingredient in an Analgesic Drug1344 Words   |  6 PagesSasha Thiel 09.10.2012 CH203 Lab Experiment 1: Isolation of the Active Ingredient in an Analgesic Drug Pre-Lab: A. Least accurate to most accurate 1. Beakers (5ml markings) 2. 10ml graduated cylinder (0.1 markings) 3. 5ml vials (0.1 and 0.3 markings) 4. 1ml plastic pipets (0.1 ml markings) 5. 1ml syringes (0.1 ml markings) 6. 1ml graduated volumetric pipets (0.01 ml markings) B. A 1ml graduated volumetric pipet is the best to use if you want 0.15 ml of reactant Read MoreAnalysis of Aspirin1901 Words   |  8 Pages1. Aim To determine the percentage of aspirin in different commercial preparations and to find which is the best value for money 2. Hypothesis The greater the percentage of acetylsalicylic acid (ASA) in the tablet, more powerful and efficient the aspirin would be due to the way aspirin works in human’s body. Aspirin is often used to alleviate the pain, and the sensation of pain is mainly attributed to a chemical substance called prostaglandins, which is responsible to send a strong signalRead MoreEssay on Synthesis of Aspirin5275 Words   |  22 Pagesyield and test the purity of aspirin by adding Iron (III) chloride to the product. Hypothesis: I hypothesize that salicylic acid will react with acetic anhydride to produce acetylsalicylic acid (aspirin) and acetic acid (vinegar). Variables: Independent and controlled variables: The amount of sulfuric acid used for catalysis and the amount of salicylic acid and acetic anhydride. Dependent variables: Theoretical and actual yield of aspirin. Constant variables: Two beakers filled withRead MoreA Short Note On Aspirin And The Chemical Substance1287 Words   |  6 Pages all of the labs consisted of the analysis of Aspirin. Even though Aspirin is the most common drug used worldwide, it has been known to smell like vinegar. This is because aspirin is considered a salicylate. The formula name for Aspirin is Acetylsalicylic Acid, and the chemical equation is C9H8O4. The background behind Aspirin is that it aids in pain relief and reducing inflammation, swelling, and fever. Also, some benefits of aspirin are that it can treat skin problems such as acne, warts, and psoriasisRead MoreProject: Preparation and Recrystallisation of Aspirin2916 Words   |  12 Pages Page List of illustration iii Synopsis iv 1. Objective of experiment 1 2. Introduction 2.1Definition of aspirin Read MoreSynthesis of Salicylic Acid and Potentiometric Determination of Its Purity and Dissociation Constant4209 Words   |  17 PagesSynthesis of Salicylic Acid and Potentiometric Determination of its Purity and Dissociation Constant ------------------------------------------------- Abstract The purpose of the study is to synthesize salicylic acid from the ester, methyl salicylate, and determine the acid’s dissociation constant and purity. The ester was converted to salicylic acid by base hydrolysis. The products were refluxed and recrystallized, to ensure maximum purity, and filtered, dried, and weighed. The melting pointRead MoreThe History, Use, and Effectiveness of Medicinal Drugs4647 Words   |  19 Pagesclassified as illegal such as the drugs of marijuana and opium which were key in the Chinese, and Native American medical system. The origin of drugs vary from common plants, (Aspirin, Digitalis, Ergot, Opium, Quinine, Reserpine) to minerals, (Boric Acid, Epsom Salts, Iodine) or synthetic compounds. The difference in a drug from being helpful to being deadly is all in the dosage, which is determined by the amount of the drug that is found in the blood, this process is known as Serum Monitoring. The

The Aeneid by Virgil - 636 Words

The Aeneid, written by Virgil, was written in Rome between 30 and 19 B.C. Virgil wrote many of his writings during the time of Octavian, the estranged nephew to Caeser. During the beginning of the times of Octavian and the time of these writings Rome was in a state of civil war, which later turned into the most peaceful place in the world. Many people were torn from their homes and new boundaries were created. It is important to know the culture and gender roles of the people, the person in power, and the system of government in place at the time of the writing. During the time period of the early Roman Empire, and through the early times of Octavian, it is important to note the roles that each sex played. Unlike current western culture, men and women were not equal. Each sex was thought of differently, with women being less than men. According to Severy, the Romans thought of the Roman women as â€Å"weakness, instability, and irrationality† (Severy 23). These viewpoints of women lead to women being treated in way that was subservient to men. According to Severy, in contrast, the Romans thought of men as â€Å"strength, integrity, and self-control† (Severy 23). This thought process lead to men being in positions of power and control and ultimately the decision makers. This was so much the case that women had to have a male guardian to go out with them during major purchases to verify that was what was supposed to be bought at points (Severy 23). This thought process bled into theShow MoreRelatedThe Aeneid Of Virgil And Virgil1 512 Words   |  7 PagesIn The Aeneid of Virgil, Virgil places great importance on family relationships and respect for one’s ancestors. Aeneas is shown to have great respect for his father which can be seen even after his father’s death. Homer, in The Odyssey, has the lack of a real relationship between Odysseus and Telemachus due to the fact that Odysseus has not been in a majority of Telemachus’ life. On the surface, The Odyssey and The Aeneid of Virgil and their father-son relationships may appear different but theyRead MoreThe Aeneid By Virgil Aeneid1689 Words   |  7 PagesVirgil’s Aeneid was written in a time of political and social transition in Rome, which influenced the epic poem in a political way. Aeneid was written only a couple years after the civil war where a lot of people had started to lose faith in the greatness of Rome. Virgil’s intensely political poem concentrates on the theme of Rome’s greatness and particularly w ith the reign of the new emperor Augustus Caesar as the re-founder of glorious Rome. Throughout the poem Virgil used prophecies to makeRead MoreThe Aeneid by Virgil1507 Words   |  6 Pagesvalues that was deemed â€Å"good† during that period. One of the values that was enforced during Vergil’s time by Augustus was patriotism, which in the Aeniad’s context is prioritizing between personal satisfaction, or the greater good. In book 4 of the Aeneid, the character Aenias and Dido represents the two opposing values, in which Aenias represents the greater good, while Dido represents the personal satisfaction. For example, Dido was willing to sacrifice her honor and the respect of her people forRead More The Aeneid by Virgil Essay2075 Words   |  9 PagesThe Aeneid by Virgil In Virgil’s famous text The Aeneid he writes about the history of the coming of Rome and the journey of its Trojan founder, Aeneas, from the wreckage of his old home at Troy. While this text is extremely supportive of the greatness of the Roman Empire, it also has a distinctly private second voice that talks about loss. We also find that in Confessions by Saint Augustine the author at times addresses God very personally, and at other times does not refer toRead MoreThe Aeneid By Virgil. Johan Sunesson1701 Words   |  7 PagesThe Aeneid by Virgil Johan Sunesson The Aeneid, written around 20 BC is widely considered to be virgil’s greatest work. The Aeneid is a epic poem, following the adventures of the great Aeneas, as well as the central role he played in the founding of the Roman State. The character of Aeneas had been a known legend long before the Aeneid was composed, having been a character in the Iliad. Virgil took the myth of Aeneas and tied him together with the founding of the Roman State. Aeneas is bothRead MoreThe Characters Of Virgil And Homers The Aeneid973 Words   |  4 Pagesbefore them. Virgil, a Roman poet alive during BCE, is considered Rome’s greatest poet. In one of his famous works, The Aeneid, Virgil showcases patriotism in his work. In The Aeneid, Virgil makes a comparison between the Romans and their predecessors of similar cultures, the Greeks. He uses parallels to Homer to make an argument for his point. Overall, the characters of Aeneas and Odysseus are representations of their separate cultures and through the comparison of them as heroes, Virgil attempts toRead MoreThe Aeneid By Virgil Vs. Aeneas Essay1506 Words   |  7 PagesIn The Aeneid by Virgil, the main character Aeneas is born of Venus; he is the pious, loyal hero of Rome from Troy. The idea of a hero in Virgil’s epic poem was built upon a dual pillar structure of piety and loyalty. The ideal version of piety is exemplified in Aeneas, who often sacrifices his own loyalties t o appease the gods. The other pillar that the book stands upon is loyalty to friends, family, the gods, and the future. These two pillars often clash and Aeneas must choose one over the otherRead MoreAnalysis Of Virgil s The Aeneid 996 Words   |  4 Pagesillustrates the concept of pietas in Virgil’s epic, The Aeneid in several different ways. Pietas is one’s own devotion to public duty or virtue and is only attainable through personal suffering and loss. The center of Aeneas’ pietas is his duty, to find Rome, which goes onto become a great empire. He has a few different things that motivate him; one of these things are that Rome is to be passed down to his son, another is his devotion to the gods. Though Virgil is very duty bound he may get thrown off his tracksRead MoreAnalysis Of Virgil s The Aeneid1791 Words   |  8 Pagestopic all through Virgil s The Aeneid. It assumes a critical part as a key character attribute for the people that we experience. In the event that one takes the hero Aeneas aside and breaks down his tireless adherence to his own fate, alongside his unending sympathy toward the welfare of his Trojan individuals, one could captivate the thought that his devotion and obligation anticipate the idea of obligation to the Republic and submission to Caesar that may have won in Virgil s Roman culture.Read MoreThe Aeneid By Virgil, The Oresteia, And Sappho By Sappho1283 Words   |  6 Pagesthat controls our actions and behaviors. Rationality helps control our emotions and prevents them from getting too out of hand. There are three texts from seminar that demonstrate this idea of emotional power: The Aeneid by Virgil, The Oresteia by Aeschylus, and Sappho by Sappho. In The Aeneid, the text discusses Aeneas’ journey to Italy and the many encounters he had. It was in this text that the females displayed emotional power. The Oresteia is a play about murder, revenge, and justice within the

Best Financial Practices Free Essays

Also, the organization’s mindset is directed towards the future with an awareness of the hanging trends, market needs, technological advancements, and to cope and to operate within the changing environment (Herkimer, Jar. , 1988). Budgeting, expressed In dollar terms, involves detailed plans. We will write a custom essay sample on Best Financial Practices or any similar topic only for you Order Now There are several types of budgets that may dictate the organization’s mission and structure and managerial preferences. They are: 1) Statistics Budget; 2) Expense Budget; 3) Operating Budget; and 4) Cash Budget. In addition to budget decisions, there Is timing. Healthcare services organizations should consider two types: 1) Conventional verses Zero-Based Budgets and 2) Top-down versus Bottom-up Budgets. Planning and budgeting are Important managerial activities. It allows health services managers to plan for and set expectations for the future, assess Flanagan performance on a timely basis, and ensure that operations are carried out In a manner consistent with expectations (Sheepskin, 2008). Without planning and budgeting, the business will be disorganized Pricing and Service Decisions In healthcare organizations, the managerial accounting department decides whether an established price for a particular service is profitable. Managers in a charge- based environment must set prices on the services that their organization offers. In addition, determine discounts for managed care plans or business coalitions. Pricing and service decisions affect a business’s revenues and costs and determine viability in long term. Health services managers should have a better understanding of the pricing and service decisions they face, because they have the power to set prices. The healthcare providers may be price takers or price setters. When they are price takers, apply target costing, and when they are price setters, apply full cost pricing or marginal cost pricing. In making pricing and service decisions, managers should rely on managerial accounting and actuarial information. Pricing decisions involve setting prices on services for which the provider is a price setter, and service decisions involve whether or not to offer a service when the price is set by the pay (the provider is a price taker) (Sheepskin, 2008). Without good pricing and service decisions, the business will lose profit and/ or lose customers. Ultimately, it can lead to business closure. Cost Allocation Cost allocation is a pricing process within the organization whereby managers allocate the costs of one department to other departments. There is no objective tankard established; therefore, a business must establish prices that would be set under market conditions. The purpose and goal for cost allocation is to assign all of the costs of an organization to the activities incurred (Sheepskin, 2008). Basically, cost allocation allows managers to make better decisions on cost control, on what services they provide, and how these services should be priced. The best results produced will come from managers who perceive the cost allocation process to be accurate and fair, and the allocation process should promote cost reduction within heir department/organization. In the end, the managers will be held accountable for costs associated with services by their departments. Managers must know two important elements in cost allocation basics: cost pools and cost drivers. The more confidence that all managers have in its validity, the better the organization will function (Sheepskin, 2008). Without cost allocation, there will disorientation and chaos, because one department will have more cost allocated than the other. Time Value Analysis Time value analysis is the process of assigning appropriate values to cash flows. This s important part of healthcare financial management because it involves the valuation of future cash flows (Sheepskin, 2008). A timeline is the first step in time value analysis. Time lines illustrate and can help managers visualize cash flows analysis such as compounding, discounting, annuity, perpetuity, state rate, and periodic rate that managers must know so that financial decisions are made wisely. Without time value analysis, managers would not be able to appropriately assign values to cash flows, and it could lead to disorientation and financial ruin. Financial Risk and Required Return Unfortunately, there are risks and complications in businesses. In healthcare organizations, taking financial risks may mean investment in new hospital beds or a new managed care plan. A return that is earned less than the expected amount means the financial risk is greater. Managers in health care organizations should develop strategies to manage business and financial risk. One such strategy is to develop risk measures by using a standard of reference. This will allow for some comparison to another measure and a Judgment can be made. For an example, Capital Asset Pricing Model (CAMP) is the relationship between the market risk of a tock, as measured by its market beat, and its required rate of return (Sheepskin, 2008). A clear understanding of business and financial risk is essential if the health care organization wants to remain viable in the health care market. Without an understanding of the financial risk and required return, health care organizations can be blind to concepts that are failing and destined for financial ruin. They run a greater risk of losing profit. Reflection The various duties required by managers of healthcare organizations is complicated and multi- faceted. They must know so much in order to make the business run efficiently and successfully. They must understand a multitude of functions. Therefore, working with other experts, accountants, and managers from different departments is crucial in running a lucrative business. This includes planning, acquiring, and utilizing capital in the most efficient way possible. How to cite Best Financial Practices, Papers

Health Care System - Healthcare Services - Wellness and Prevention

Question: What is the role of health care reform in shifting the focus from a disease-oriented health care system toward one of wellness and prevention, and how does nursing fit into this shift? Answer: It can be said that healthcare sector has been an important sector in USA and other parts of the world. This sector has seen number of reforms and changes. The reforms in healthcare sector has shifted the healthcare delivery to managed care. With healthcare reforms, the concept of outpatient services has also expanded (Robertson, 2011). There has been a transformation in the healthcare sector in American from disease oriented healthcare system to wellness and prevention. This transformation has been possible only because of increase awareness among patients and people. Today people are more proactive in their approach towards healthcare services. Today, people would not wait for a disease to happen and then visit hospitals. Instead, people would focus on their wellness strategy and preventive measures. This would not have been possible without the support of nursing staff (Salomon, 2011). It can be said that the role of nursing staff has increased with this transformation. Today, nurses are considered as partners to patients and nurses act as the first line of support for patients. It is expected that this trend would mature in future and nurses would have more responsibility to share. It is expected that nurses would have more role to play with the penetration of managed care programs and preventive programs for healthcare. References Pande, A. H., Ross-Degnan, D., Zaslavsky, A. M., Salomon, J. A. (2011). Effects of healthcare reforms on coverage, access, and disparities: quasi-experimental analysis of evidence from Massachusetts.American journal of preventive medicine,41(1), 1-8. Schoen, C., Doty, M. M., Robertson, R. H., Collins, S. R. (2011). Affordable Care Act reforms could reduce the number of underinsured US adults by 70 percent.Health Affairs,30(9), 1762-1771.