Monday, September 16, 2019

Business Communication Trends Paper

University Of Phoenix Introduction to Business Communication Trends Paper Business Communication is a tool that allows you to improve the performance of your employees, performance of teams within the company. It also allows you to improve the performance of the entire organization, with the common goal helping company to fulfill it’s mission. (http://www. skills2lead. com/definition-of -business-communication. html). Business Communication plays a major role in my daily activities at work. I work for a cellular phone company and in this business things change daily. We constantly have to come with ways to rely this information effectively to the agents on the floor. For example we have a section called new and changed, the agents are supposed to read this everyday. This section tells them about the latest updates or about any changes that have been made. For some reason the agents were not reading this everyday like they should so that made the company think what can we do to make the agents read the material? The company decided to do simulations that the agents had to interact with, which kept their attention, and the at the end there were questions that had to be answered about the reading, and you have to score a 80% or better to pass. By communicating with my agents, and fellow managers I am able to keep my daily work activities organized. This way I stay organized is by putting everything on my calendar such as lunch, meetings, etc†¦. For example when i go to lunch I send out an email to everyone in the office letting know I am gone and when I return, this lets the make the other managers aware of how many of them are left on the floor, and if we are short or not usually if another manager is gone I will hold off on lunch until they get back to ensure there is enough coverage of the floor. By communicating this helps me to let everyone know when I am available and when I am not. If I did not communicate it would make things very difficult this helps me to not be double booked for two interviews at once and not to have anything scheduled during my lunch break. The trend that I am seeing the most in my current work place is team work. Team work is very important because you want to get everyone’s opinions and different views on situations. When working in customer care there are a lot of issues that may arise one of the most common issues is when a customer returns a phone but still gets charged for it on their bill. It can be frustrating at times because it takes up so much time to look up this information, and agents are logging off of their phones to do research, which is taking money away from the company. My company gets paid by billable hours so if an agent is not on the phone we lose money. So my boss started communicating with his bosses to see what could be done to get the problem we were having under control, and still bring in more money. So my boss started thinking how can we resolve this problem, and still make more money. He ended up getting with other directors from other sites to get ideas on how this can be resolved. And they all came up with getting a equipment department internally. By doing this the regular agents no longer had to get off of their phones to research equipment, and since we would have special trained agents that meant more money for the company. So they pitched the ideas to their boss and six months later we have our own equipment department within the site. By communicating their ideas and thoughts, and showing how this would benefit the company the directors got what they wanted, and they did it by working together. Communication is in almost everything we do rather it is in a marriage, at work, or at home just to name a few. In order to improve and move forward we have to communicate. In a Business communication is key each and every department is working towards particular goals to help the company achieve what they set out to, but the ultimate goal is to make more money for the company.

Sunday, September 15, 2019

Cook Chill

1. 0 INTRODUCTION Cook-chill and cook-freeze food productions are ways of producing foods that have been employed by many different organizations determining from the types of foods and services that the particular organization offers. These types of cooking methods work hand-in-hand with the kitchen designs. Kitchen design refers to the layout of kitchen equipment and positions of the working sections to produce foods that meet the needs of customers and thereby reaching the goals of the establishment. 2. 0 A KITCHENA kitchen is described as a building or a room in a building that has been specialized for cooking purposes only. Different establishments have their own types of kitchens with different designs that serve different purposes. Some kitchens are designed special for catering customers on transit such as Fast Food restaurants but some kitchens has to cater for a specific group of people using a specific type of service, thereby it has to have the right number of employees w ho will do the job and enough equipment to save time as well as energy. 3. 0 KITCHEN PLANSThere are different types of kitchen plans that have a specific purpose of operations. If a kitchen is designed for a particular way of production, it has also specific type of equipment available in that kitchen plan. There are different types of kitchen plan some of them are discussed below. 3. 1 Corridor kitchen A corridor type of kitchen, the appliances, cabinets and counter space are arranged on two facing walls. If the room is not too long, this can be an efficient kitchen. However, if both ends of the kitchen have doors, traffic through may create confusion. 3. 2 U-shaped kitchenThis type of kitchen is usually considered to be the best type of a kitchen which has the best work triangle because of its convenient arrangement and short walking space between appliances. It has a determined floor space and accommodates a determined number of workers. 3. 3 L-shaped kitchen This type of a kitch en creates an easy-to-use work triangle. If the kitchen space is large enough, an eating center can be included. This is the situation whereby customers serve themselves. 3. 4Center type of kitchen This type of kitchen is the most common type of kitchens that most establishments have employed.The working area is on the center as the name suggests but does not provide enough space. Figure 3. 4. 1 3. 5 Island type of kitchen All the necessary equipment in the kitchen is placed back to back in the middle of the working area. This type of setting requires an adequate space to allow an easy flow and enough space between the equipment for easy cleaning and to avoid creating dark areas that introduces insects. 4. 0 WORK CENTERS A work center is an area that focuses on a particular type of work activity such as preparation or cooking.Includes appliances and work space and that the necessary equipment is stored within for easy reach as depicted in figure 4. 0. Figure 4. 0. A chef preparing a meal from a working center. 4. 1 Refrigerator-freezer center * The refrigerator and the freezer have space next to them to use when loading or unloading foods. * A storage space is needed for items used to package food for refrigeration. * Storage space for items used when serving refrigerated or frozen foods. 4. 2 Range center(gas/ electric range) * Cabinet storage for foods used at this center. Storage space for pots, pans, cooking tools such as ladles, wooden spoons and pot handlers. 4. 3 Sink or cleanup center * Appliances such as dish washers and food waste disposers are found in these centers * Adequate space for stacking dishes 4. 4 Mixing center * Can be between two centers * Has several electrical outlets * Storage space for measuring, mixing and baking equipment and all the necessary ingredients 5. 0 TYPES OF KITCHEN ORGANISATIONS 5. 1 Conventional kitchen * They are suitable for small establishments They have fixed menus and banquets operating on rational basis * All dep artments are grouped together in blocks * Preparation and finishing are done in the same area 5. 2 Combined preparation and finishing kitchen * They are suitable for medium sized hotels or establishments * Preparation and finishing are done in the same section * In principle, preparation and finishing are totally or partially separated depending on the establishment 5. 3 Separate preparation and finishing kitchen( Satellite kitchen) * They are suitable for large establishments Preparation and finishing are done in separate sections; mis-en-place and the other one for finishing * Each section consists of one housing all the equipment for preparation of the dishes * Usually, they have no ranges, frying pans or steamed jacketed pots. Instead, they have grills, microwaves and Bain Marie. * 5. 4 Convenience food kitchen * a system of interest to the establishment that has no preparation kitchen but purchases only convenience foods * deals with the finishing of foods only and mostly canne d foods * require refrigerated and dry storage areasIn selection of these types of kitchen, consideration should be given * numbers of meals to prepared at each meal period * types of services * customer prices * system for serving meals * serving times for hot and cold meals 6. 0 FACTORS THAT DETERMINE THE DESIGN OF A KITCHEN 1. Service requirement: Management should be well aware of a food service objectives before planning its kitchen, type of menu and target numbers, etc usually determine the type of equipment to be in the kitchen 2. Space availability: One that maximizes space wage or that ensures efficient usage of space. 3.Amount of capital expenditure: Have an accurate idea of spending available since finances will often determine the overall design and acceptability. 4. Type of equipment available: Space provision for ventilation and power supply of the kitchen. 5. Use of convenience foods: Design of a fast food kitchen using ready-made foods will be different from that of a kitchen serving †¦. la carte menu. 7. 0 FOOD HYGIENE A number of factors may affect the quality and wholesomeness of food. * The premises, equipment and conditions in which it is stored * The care taken by food handlers to avoid contamination from other foods.Large scale handling of food by staff not trained or conscious of hygiene requirements is a major source of infection. In such circumstances, cross-contamination can easily occur. * Allocation of the kitchen * The number of people passing by the kitchen * Contact of cooked food with raw foods or utensils and surfaces contaminated by raw foods is likely to become infected * Segmentation of cooking sections may contaminate high risk foods such as cooked poultry and meat (pies, soups, stock) milk, creams, custards, shellfish, eggs, cooked rice and dairy products. 8. COOK-CHILL FOOD PRODUCTION Cook-chill, according to John Campbell,David Fasket and Victor Ceserani (2008), is a catering system based on the normal preparation and cooking of food followed by rapid chilling storage in controlled low-temperature conditions above freezing point, 0–3? , and subsequently reheating immediately before consumption. The chilled food is regenerated in finishing kitchens, which require low capital investment and minimum staff. Almost any food can be cook-chilled provided that the correct methods are used during the preparation. 8. 1 THE COOK-CHILL PROCESS The food should be cooked sufficiently to ensure destruction of any pathogenic microorganisms. The process must begin as soon as possible after completion of the cooking and portioning processes, within 30 minutes of leaving the cooker. * The food should be to 3? within a period of 90 minutes. Most pathogenic organisms will not grow below 7, while a temperature below 3? is required to reduce growth of spoilageand to achieve the required storage life. However, slow growth of spoilageorganisms does take place at these temperatures and for this reason storage l ife cannotbe greater than five days. The food should be stored at a temperature of 0–3? and should be distributed under such controlled conditions that any rise intemperature of the food during distribution is kept to a minimum. For both safety and palatability the reheating (regeneration) of the food should followimmediately upon the removal of the food from chilled conditions and should raise thetemperature to a level of at least 70?. The food should be consumed as soon as possible and not more than two hours afterreheating. Food not intended for reheating should be consumed as soon as convenientand within two hours of removal from storage.It is essential that unconsumed reheatedfood is discarded. 9. 0 COOK-FREEZE FOOD PRODUCTION This type of food production is similar with the cook-chill system of production. The only difference is temperature conditions that the foods are placed in. 10. 0 COOK-CHILL AND COOK-FREEZE FOOD PRODUCTION RELATING TO THE KITCHEN DESIGN A type of a kitchen determines what type of food production system to be employed. 1. A conventional type of kitchen produces fast foods therefore, it can adopt the cook-chill production system.It would be easy to reheat the foods in the microwave than to start preparing; beef stew takes long to prepare and for a fast food restaurant, time matters most. 2. L-shaped kitchen creates a large working area which also creates room for the cook-chill or cook-freeze equipment since the equipment is big and requires a larger space e. g the blast chillers and deep freezers as in figure 10. 0. Figure 3. 0. A chef preparing a meal using a Blast chiller. 3. A u-shaped kitchen, though considered to be the best, would not be the best type of kitchen for a cook-freeze type of production.The equipment might need one corner of the room which cannot be possible because the corners might be occupied with other equipment. 4. A corridor kitchen might also not be suitable for cook-chill systems because the equipmen t is placed in the sides of the kitchen which creates much space for an easy work flow but little storage and working areas. 11. 0 Conclusion Cook-chill and cook-freeze are food production methods that are commonly used nowadays to produce food in most of the hospitality establishments worldwide.The cook-chilling and cook-freezing areas in the kitchen are compatible parts of the kitchen plan and design, therefore, for these areas to exists in a kitchen it has to be planned at first when building the kitchen. BIBLIOGRAPHY Fellows, PJ(2000). Food Processing Technology: Principles And Practice 2nd ed. Woodhead: Cambridge Food Standards Agency(2002). The Composition Of Foods,6th ed. MacCance: Cambridge Kowtaluk, H. & Kopan, OA. (1990). Food For Today(4th ed). McGraw-Hill:New York

Saturday, September 14, 2019

An Exploration of a Needs Orientated Approach to Care Planning Essay

The purpose of this assignment is to explore a needs orientated approach to care planning, through the use of a problem solving approach to care, and a nursing model. It aims to show an understanding of what both a problem solving approach to care, and a nursing model are; and to establish how various key elements of both are implemented in practice. The following citation by the Department of Health (DH) (2009) identifies what is intended by the process of care planning; Personalised care planning is essentially about addressing an individual’s full range of needs, taking into account their health, personal, social, economic, educational, mental health, ethnic and cultural background and circumstances. In order for the care planning process to be effective the need for both a problem solving approach to care and a nursing model is fundamental. The problem solving approach which will be discussed within this assignment follows the format of Assess, Plan, Implementation and Evaluation (often referred to as APIE) developed by theorists; Yura and Walsh in 1967. APIE offers a structured, systematic approach to nursing practice through the use of the methodical care planning stages highlighted above (Barrett et al, 2009). Nevertheless, broad literature research suggests that this process lacked effectiveness in meeting the holistic needs of the individual and so, the process was adapted to include two further stages known as; Systematic Nursing Diagnosis and Recheck to produce the acronym ASPIRE (REF). However, these amended stages will not be discussed widely within this assignment, and so the process of APIE will be referred to throughout. The nursing model developed by Roper, Logan and Tierney (RLT) in 2000, is one of several extensively criticised models commonly used in practice; to enable the facilitation of a holistic approach to care. The purpose of a nursing model is defined by Barrett et al as; Models give direction to the nurse about the patients and their needs and define nursing roles derived from the views, beliefs and values about people, health, the environment and nursing (Barrett et al, 2009 p. 42). As previously identified, RLT are keen to adopt an holistic approach to care as oppose to other models which only take into account a patients needs from a medical perspective. The RLT model has been acknowledged to reflect the current realities of healthcare within the United Kingdom (Barrett et al, 2009), consisting of five underlying concepts; Activities of Living, Lifespan, Independence-dependence continuum, factors influencing AL’s and individuality which (Roper et al, 2000) clearly state are interrelated with one another to emphasise the importance of holism. Pearson et al, along with many other nursing authors, highlight the significance of agreeing on a nursing model to be used together with the problem solving approach to develop an individualised care plan efficiently. Pearson et al (2005 p. 84) indefinitely state; ‘the ‘process’ cannot happen without an agreement on nursing’ as, whilst APIE provides the systematic framework as to how the care plan should be devised, the nursing model effectively identifies what should be considered at each individual stage (REF). The Royal College of Nursing (RCN) also supports the utilisation of a nursing model alongside a problem solving approach, in identifying that; It facilitates consistent, evidenced-based nursing care, and necessitates accurate, up-to-date care documentation (RCN, 2011). This assignment will also discuss how the RLT model and the problem solving approach are used to meet the biopsyhosocial needs of an individual, and also the strengths and limitations of using RLT’s model and a problem solving approach in relation to developing a care plan. An exploration of how the implementation of the RLT model and a problem solving approach allows the multidisciplinary teams (MDT) to use the approach to meet public health needs, will also be explored within this assignment. To support such discussions, a range of knowledge gained throughout this module and previous programme themes, as well as a formative care plan developed for a fictional patient known as Mabel Dunn (see appendix A); will be utilised effectually. Through the exploration of each stage of the problem solving approach in turn, and how RLT is utilised alongside this process, enables an extensive in depth analysis to take place whilst using the formative care plan as reflective material to support the discussion. Assessment is the initial stage of the nursing process. Roper et al consistently use the term ‘assessing’ to signify that it is an on-going process, and highlights its continuity throughout the patient’s episode of care (Aggleton & Chalmers, 2000). It is divided into two stages to allow for a holistic representation of the patient to be established (Barrett et al, 2009). Effective assessment allows the prompt identification of any changes in a patient’s health status, and if necessary; allows any action to be carried out immediately supporting the delivery of safe, effective care DH (). The formulation of an accurate assessment is a fundamental skill for a student nurse as outlined by the NMC (2004), and so it is important that a holistic approach is adopted for this skill to be achieved. An holistic approach supports the consideration of†¦Ã¢â‚¬ ¦.. needs,(THEME? ) which Pearson et al (2005) accentuates that without the holistic consideration of a patient’s needs; it could lead to an inaccurate representation of the individual. RLT portrayed their understanding of a holistic approach through the use of the 12 Activities of Daily Living (ADL’s); as they believe a patient is best understood in terms of how they carry out the ADL’s (Holland et al, 2003). The 12 actvities (AL) of daily living act as a framework in the assessment process by providing a means of categorising the information in a systematic format (ppt presentation). Barrett et al (2009, p. 45) clarifies; Each activity represents a particular type of behaviour that all of us carry out on a day to day basis, whilst interacting with each other and our environment. The idea surrounding the ADL’s was derived from the Human Hierarchy of Needs developed by psychologist Abraham Maslow in (), by offering a representation of the common elements of everyday living that ensure human survival, and also quality of life (Barrett et al, 2009/pearson ). Despite the main focus of RLT’s model been holism, it has been extensively criticised in meeting the holistic needs of patients in the past, as practitioners have used the ADL’s in a checklist format (Barrett et al, 2009) even though the use of the ADL’s has been stressed to be used in a broad format, to enable a comprehensive assessment to be sought effectively. This could potentially cause further complications†¦. It is for this reason as to why the proficient skill of assessment is fundamental before becoming a competent practitioner as, without a comprehensive assessment the patients’ needs will not be considered from a holistic perspective, and consequently the model will not be used for its principal purpose. Holland et al (2003) highlight that the 12 ADL’s can interrelate in many different ways and therefore potentially impact on one another encouraging an holistic account of an individual’s needs. As a practitioner it is important to understand that the ADL’s can interrelate with one another and therefore influence on each other http://www. dh. gov. uk/en/Healthcare/Longtermconditions/DH_093359 (DOH, 2009) . A holistic approach supports that only taking into consideration the individuals physical needs during assessment as oppose to the human being as a whole; could potentially lead to an inaccurate representation of the individual and therefore lead to difficulties in meeting the patients’ needs effectively (Pearson et al, 2005). The quality of assessment will be greatly enhanced by the participation of the client and carers to the assessment process ensuring that the client’s wishes are foremost and, wherever possible, the client’s own words are used to reflect their needs RCN It also decreases the potential for, or the severity of, chronic conditions and helps the individual to gain control over their health through self-care. RCN  The Nursing and Midwifery Council (NMC) emphasise the importance of the ability to effectively assess, plan, implement and evaluate care, forming the basis for the standards of proficiency as a student nurse (NMC, 2004). The concept of individuality is constantly emphasised by theorists as been crucial in the implementation of holistic care, and therefore stress the importance of taking a patient centred approach to care planning which will be discussed at a later stage within this assignment. Nurses have a major role in promoting health and well-being, as well as preventing disease and Roper et al see this as been an essential factor in the model for nursing (Roper et al 2000, p. 102) cited in (Holland et al, 2003) As previously stated, the stages of APIE interrelate in a cyclical context to allow for the establishment of a holistic, needs orientated approach to care delivery. The next stage known as Systematic Nursing Diagnosis was adapted due to criticisms of the approach lacking the concept of holism; one of the main focuses of the RLT model of nursing. Barrett et al (2009) accentuate how a nursing diagnosis differs from that of a medical diagnosis by establishing that; it places emphasis on a patients holistic needs, and so takes into consideration the physical, psychological, social and spiritual inferences of having a specific medical diagnosis. Hesook (2010, p. 200) also supports this statement in that; ‘health problems that are the referents of nursing diagnosis have been conceptualised from nursing perspectives in a variety of ways. Systematic nursing diagnosis can therefore be used resourcefully with RLT’s nursing model by allowing the nurse to reflect on the assessment stage formerly carried out, before beginning the planning stage to clarify the problems highlighted within the previous stage. Hogston & Marjoram (2006) acknowledged the fact that the original nursing process; APIE discussed in this assignment lacks this stage, arguing that the nurse does not have time to reflect on the assessment stage of the problem solving approach which affects the thoroughness of the care planning approach which could potentially lead to†¦. look at a limitation of SND†¦ ADD example of Mabel Dunn†¦ Planning Planning is the second stage of APIE and is also a multistage process which Barrett et al (2009) consider to involve the development of the care plan itself; based on information gathered within the former two stages. According to Within this stage, the nurse is accountable for setting appropriate goals and prescribing the relevant care to a patient to meet their holistic needs.

Friday, September 13, 2019

Website evaluation- vs. Essay

Website evaluation- vs. - Essay Example Today, there are many technology blogs in operations, with each one of them trying to meet the needs of its audience. and are some of the technology blogs that people use to learn of any valuable technological news for their consumptions. After a close evaluation of the two websites, it is evident that both of them show some similarity, as well some differences in terms of quality of design, information, and ease of navigation. Quality of design is an important parameter that evaluators can use to compare two or more websites. When one looks at the two websites, seems to lack a consistent theme. However, has a consistent them in all its pages. The two websites also excels in their usage of pictures. Rather than provide picture that distract the attention of readers, and have photos that blend in with the associated stories. Looking at the two websites, it is clear to notice that has a collection of pictures with caption forming the top focal point of the website. This is what must people look at and choose what story they would like to read. On the other hand, the focal point of is one picture that carries a picture of an article among the top stories of the day. This article keeps cycling to allow other article to be seen by readers. With pictures, the two website have sufficient contrast between text and background making them vis ible to readers. The designers of the websites put the eligibility of all captions into focus when designing the websites. The two websites also stand out on their use of text. With many items having significant length of articles, both websites have their articles segmented paragraphs that users can read with ease. Most important, both websites have their heading places at appropriate positions making their pages consistent with one another. Apart from quality of information, both sites provide various technology blogs and weblogs targeted to technology enthusiasts. After inspecting the websites, one can to identify with the audience based on the content provided. Both sites provide technology related content. Moreover, both and aim at delivering new and technology related information to its users. With technology being a dynamic and exciting field full of innovation, the websites reason for existence is to disseminate this information to users with variou s interests in technology items. Being that the website's purposes it to disseminate technology news and other latest technology; both websites seemed to be well updated. For instance, both websites carried different stories posted at the same date this review was written. Nonetheless, seems to have more information that This is because has improved weblogs, as well as podcast. These features are not available in despite its resourcefulness in technology news. After reading the websites, my interest is to experience actual use of these technologies. Surprisingly, none of the two had any errors. Instead, most of all the articles read through displayed a high sense of clarity and grammatical correctness. These attributes are desire of any blog or web blog in order to boost readily and at the same time increase the credibility of the website as a reliable source of information about latest technological development. A well-designed web site provides users with easy navigation as they explore the websites in question. Comparing the two websites, both websites provide users

Thursday, September 12, 2019

Life as a function of biological definitions Essay

Life as a function of biological definitions - Essay Example Perhaps one of the most complex questions that biology attempts to answer is not who are we and where have we come from;but rather the simplest of answers – what defines life?Depending on who is asked and what journals and/or texts are consulted,the researcher attempting to answer such a question will likely be led down a host of different paths. However, oftentimes the best way to define something that is infinitely complex is to draw a very broad definition that focuses on the key attributes and elements that are displayed while also drawing on the key attributes and elements that are noticeably missing. In this way, it is necessary to work to define life as well as to provide many of the prior and current definitions that scientists have used to attempt to determine what is living from what is not. One might question why such an absolute definition is such an integral facet of understanding biology; citing the fact that life is obvious to the observer when it is seen. Howev er, this is not always the case. Due to the recent advances that have been made in biology and genetics as they relate to the creation of â€Å"living† wetwear and other engineered forms of life, the observer finds it increasingly difficult to define with a high level of certainty what is life and what is not. Due to the fact that scientists are ever coming closer to engineering and â€Å"creating† more and more complex forms of â€Å"non natural/human engineered† life, the necessity for a clear and actionable comes into clear focus. Thus the purpose of this essay will be to weigh those competing definitions and draw inference based on their requisite strengths and weaknesses. Similarly, scientists have struggled over the years to uniformly define life based on its most common attributes. For instance, in 1944, physicist Erwin Schrodinger defined life as â€Å"that which avoids the decay into equilibrium†. Although this definition is at least partially va lid, there are non-life forms that ascribe to this same level of meaning. For instance, few biologists would argue that a forest fire is a life form. It grows, reproduces, and resists entropy. One could even argue that to a certain degree fire consumes energy to produce thermal heat as well as performs a type of respiration; all of these are verifiable attributes of life. However, fire is most certainly not a life form. However, even considering the shortcomings of this particular definition, there is the additional shortcoming that all life, regardless of its form, eventually seeks entropy as well. In this way, it is clear that although certain processes may avoid decay into equilibrium, it is unwise to call these processes a life form due to the fact that eventually all matter, energy, and life seeks entropy (Jagers op Akkerhuis 248). Similarly, many biologists have hearkened back to Darwin in order to determine what defines life. Those that ascribe to distinctly Darwinian school of thought define life as that which resists entropy and seeks to perpetuate a self-sustaining system cable of evolution. Although this definition is useful, it is similarly too broad to adequately narrow the focus of the researcher/student in understanding the complex nature of life. Likewise, many others conclude that metabolism is a requirement for something to be considered a life form. Regardless of the particular variety of life that is being analyzed, the common denotation of this is that all life requires a form of metabolic processes in order to synthesize, utilize, and extract useful energy for life. Similarly, this process invariably utilizes H20. As such, many biologists have appropriately theorized that all life requires H20 as a functional component of cellular growth, respiration, and division. Although this is merely supposition, the evolution of life on other planets may well utilize another more plentiful means of growth, division, and respiration than H20. Due to the fact that

Wednesday, September 11, 2019

Producing the financial statements Coursework Example | Topics and Well Written Essays - 750 words

Producing the financial statements - Coursework Example Producing the financial statements Building an engine factory needs substantial cash outlay in terms of capital. Capital items don’t go to the income statement unless in terms of financial cost like interest so the statement may be un affected but the financial position will be affected as money moves from the bank/cash for construction and to be eventually capitalized. Loans are relatively easy to acquire if there is collateral available but is a rather expensive mode of financing due to the ever increasing interest rates. Using retained earnings to finance is cheap and efficient but the disadvantage is that it will starve the company of liquidity needed to finance daily operations. If VW ceased operations in China, this will result in a 31 percent fall in sales which was attributed to the Chinese market in the last financial results. There will be a further loss of 9.6 bn Euros that is attributed to joint ventures. G.M’s net income of 595 million dollars that is derived from the Chinese market will also be lost. The recall caused a charge of 3.1 billion dollars on the income of G.M. The production expenses would certainly go down and hence increased productivity. The market being exited will experience direct and indirect job losses while the opposite will be the case for the market being entered. Shareholders are always concerned with the return on their investment and if this action results in a gain on their share value, the shareholders will be more than glad but if the share value does not appreciate then they will not be amused.

Tuesday, September 10, 2019

Research proposal in identity theft in banking,uk Essay

Research proposal in identity theft in banking,uk - Essay Example 1 billion every year to identity theft which is already sending warning signals to the online bankers. With more banks venturing in online services and online financial transfer is dominant in these sectors, the banks and the customers are at a very high risk of losing their money to fraudsters. This research intends to narrow down to cybercrime, an area that has had little coverage by researchers of identity theft, yet a threatening one. By taking a quantitative approach to identify the severity cybercrime in identity theft and identifying possible security approaches that can be used to reduce instances of identity theft, it is possible to make viable recommendations that would go way far in reducing identity theft. Problem statement In the UK, the banking sector loses approximately ?1 billion to cyber crime and customer trust is at stake in this sector (Barclays, 2013). The banking sector is a major contributor to the economy of the country contributing about 8% of the UK Gross Do mestic Product. Therefore, it is one of the sectors that must be protected to ensure economic stability in the UK. Online banking is an innovative strategy that has enhanced business growth in the UK and has ensured customer comfort and satisfaction. However, as the internet technology grows, network aware experts delve in cyber crime and take advantage of innocent customers who do not know the threats that they expose themselves to wherever they conduct an online bank transaction in the UK. By identifying the vulnerability of the people and possible mitigation measures it is possible to protect the banking industry and consequently contribute to the economic development of the UK. Research Questions This research study intends to provide the answers to two critical research questions; What are the factors that predispose customers to identity theft during their online transactions? And what are the possible mitigation measures that would reduce the risk of customers falling victims of cybercrime? Objectives of the Study Main objectives To identify the factors that predispose customers to identity theft during their online bank transactions. To identify possible mitigative measures to protect online bank transactions from cyber crime. Specific Objectives To gather information from the public on their awareness risk of the identity theft while conducting online bank transactions. To assess the UK bank's security policies that protect their customers from identity theft within the scope of their online services. To identify the efficiency of the banking security policies in protecting their customers from cybercrime. To quantitatively analyse the data and make possible conclusions on identity theft To make viable recommendations on the possible measures that can protect bank customers from identity theft. Literature Review According to Haldane (2011, Para. 3), an economic analyst, the UK banking sector contributes to over 8% of the country gross domestic product and employs millions of UK residents. This points out that the UK banking sector is a major contributor in the economic development of the country, hence the need to protect it from any kind of business threat. Surprisingly, the UK banking sector continues to lose over ?1 billion every year from identity theft which has led to loss of trust in customers and a consequential drop in their revenue margin. In the current technology driven business sector,