Health Care and Correct Medication free essay sample

Antibiotics are either given orally, applied to the skin in ointment form or injected, this all depends on the type of infection the body is currently trying to fight off, for example skin infections are treated with ointment, oral antibiotics are used to fight of moderate infections and injective antibiotics are most commonly used in the hospitals and are reserved for serious infections. Analgesics:- analgesics are a medication which are used to relieve pain, this is done by blocking pain signals which are sent from the brain or by interfering with the signals. Analgesics are most commonly found in paracetamol and ibuprofen and are used for pain such as headaches. There are three common ways in which analgesics can be administered, these are; orally for moderate pain such as headaches, intravenous which is used in hospitals when an individual goes on a drip, epidurals are used when women are in labour. Antihistamines:- antihistamines are medication which are used to relieve the symptoms of allergies. Antihistamines work by blocking the chemical release which happens when the body is allergic to something. Antihistamines are most commonly found in Piriton which is commonly used for hay fever symptoms. Antihistamines can be taken in oral or inhalation form using a nasal spray. The oral form targets itching, runny nose and sneezing, the nasal spray works on congestion, itching and runny nose. Antacids:- Antacids are medication which are used to neutralize acid that is produced in the stomach, antacids increase the PH which reduces the acidity in the stomach, antacids are medication such as Gaviscon. Antacids are used to relieve the symptoms of heart burn, stomach ulcers and indigestion. Antacids are taken in oral form so that they end up in the stomach and lower the amount of acid inside causing pain. Anticoagulants:- anticoagulants are medication which is used to reduce and prevent blood clotting, anticoagulants work by thinning the blood so that is does not clot and block blood vessels. The most common form are heparin and Warfrin, these are most commonly used if an individual is at high risk of having a heart ttack. Anticoagulants can be taken orally in medication such as Warfrin or by injection; the medication is released into the blood stream and begins to thin the individual’s blood. Laxatives: Laxatives are a medication which are used to induce bowl movements or loosens an individual’s stool, laxatives work by absorbing water which increases the bulk of faeces; this therefore stimulates the bowls which moves the faeces along and out of the body. Laxatives are most commonly used when individuals are suffering from constipation. Laxatives are given orally or in per rectum form, they enter the bowls to soften stool are retain water to relieve the symptoms of constipation. Classification of medication:- Prescription only medicine:- prescription only medicines must be prescribed to individuals by a their doctor or other qualified health care profession, the individual must the take the prescription to a pharmacist or GP surgery to collect the medicine. Pharmacy medicine: Pharmacy medicines can be bought from pharmacy’s without a prescription but must have the supervision of a pharmacist. The medication is kept behind the counter so individuals therefore need assistance to buy them. The pharmacist will ensure there are no reasons that you should not be taking the medicines and that they are the correct drugs for you and your health condition. General Sales List Medicines: GSL medicines can be bought from pharmacies, supermarkets and many other retail outlets without the supervision of a pharmacist. These are used to treat minor health complaints that individual’s feel they do not need to go see a health profession about. P2 – describe common side effects of different types of medication Headaches:- headaches maybe a side effect of taking medication such as pain killers for a long period of time, this is because you body becomes used to the painkillers and when medication is stopped there is a rebound or withdrawal effect. Rashes:- Rashes can be a side effect of taking medication if you have an allergy to the drug. This is because the body builds up antibodies that instantly release chemicals into the body which cause red itchy rashes. Weight gain:- weight gain is most commonly caused when taking birth control drugs, this is caused by water retention and also the amount of hormone estrogens is in the drug which can cause and increased appetite. P3- explain relevant sections of key legislation associated guidelines with regard to the administration of edicines M1 – discuss organisational policies and procedures are by influenced legislation and guidelines with regard to the administration of medication D1 – evaluate the effect of legislation and guidelines on the administration of medicines The Medicines Act 1968:- The Medicines Act controls the manufacture and supply of medicines for human and veterinary use. The act defines three categories of the supply of drugs; Prescription only medicines, Pharmacy Medicine, and General sales list medicines the act controls which medicines fal l into which categories. Misuse use of drugs act 1971:- The misuse of drugs act generally covers all drugs that are illegal, with regard to the administration of medication the act covers drugs that are illegal to possess without prescription such as steroids and tranquillisers, these drugs are not illegal to possess if they have being prescribes but if not the individual may be prosecuted for possession or depending on the amount they have they may be charged with intent to supply the drug to the public. Mental capacity act: The Mental Capacity Act covers what procedure to follow for health and social care agencies with regard to medication management in relation to the mental capacity of an individual. In relation to prescribing the act says medication can only be prescribed to an individual without that persons consent when the person’s lack of capacity is beyond that they can understandingly agree. In regards to administration if the person does not have the mental capability to administer their own medicine, the medication should always be administered by adequately trained, competent staff member. Legal framework:- Prescribing and dispensing medication:- before medication can be prescribed, doctors or other health care professional must first assess the individual, this is necessary before the prescription can be given. When the prescription is given individuals must take it to a pharmacist to be able to pick up the medication. The pharmacist must follow legal procedures in which they must ensure there are no reasons that you should not be taking the medicines and that they are the correct drugs for you and your health condition. They should also explain how to take the medication if this is your first time of taking them. P4 – explain the roles and responsibilities of individuals with regard to the administration of medicines in health and social care setting M2: Compare the responsibilities and level of accountability assigned to individuals in the administration of medicines. Responsibilities and boundaries of all workers with regard to the safe handling of medicines (prescribing, dispensing, administration, storage and disposal):- Individuals involved in the process:- Prescribers (medical and non medical):- There are two types of providers, these are; independent providers and supplementary prescribers. Independent prescribers are responsible for assessing your health and/or condition, making decisions about how to manage your health/condition and prescribing medication. Independent providers are people such as doctors, dentists, nurse independent prescribers, pharmacist independent prescribers and optometrist. Supplementary prescribers are responsible for continuing your care after the independent prescriber has assessed your health, they work with the independent prescriber and the individual to make a clinical management plan which can be followed when the independent provider is no longer present. Supplementary prescribers are people such as nurses, midwives, pharmacist, physiotherapist and optometrist (eye care). Social care workers, the need to check that medication received matches the medication and dosage prescribed by the prescriber and is listed on the appropriate documentation:- in some cases people in care settings are unable to look after and take their own medicines meaning this job must go to the care workers. The social care workers must make sure that all medicine is correctly identified by label, that the individual taking the medication is identified, know the need for the medication and know any special precautions that surround taking the medication. Social workers who are responsible for giving medication must follow strict procedures to ensure that the job is done safely. Doctors when and to whom can information about an individuals medication may be disclosed and discussed:- Doctors must stick to strict confidentiality guidelines when working with patients, doctors may only break this confidentiality in serious situations, for example if an individual is planning to cause harm to themselves or others, confidentiality is allowed to be broken to prevent such circumstances, in regards to medication doctors may discuss this in special circumstances for example, if a patient is unable to self medicate, doctors may discuss the medication when carers or family members in order for the ndividual to be given the correct medication. Doctors – the need for confidentiality:- Doctor and patient confidentiality is a key role that lets the system work successfully, patients go to their doctors as they can trust them with any information they give and doctors are under oath not to disclose this information unless the situation is necessary in which confident iality can be breached, these are only in very serious cases though such as if a patient was in harm from themselves, of others or to others, the doctor may the breach confidentiality to prevent such circumstances from taking place. P5: Explain safe practice in administration and storage of medicines. M3: Discuss how to ensure safe practice in the administration of medicines. D2: Evaluate the role of safe practice in the administration and storage of medicines in terms of outcomes to individuals. Obtaining consent of administration:- Mental capacity and informed consent:- if an individual whom has a stable mental capacity, is receiving medical treatment they will be asked to give there consent for the treatment, the professional whom is treating the individual will explain the treatment they are receiving, the risks and benefits to receiving the treatment and any other information that they feel the individual needs to know, once the individual has given consent the treatment can the go ahead. Use of independent advocate, family member, medical professional to assist in achieving informed consent:- In some situations individuals may have communication issues such as speaking a different language, consent is still needed so in these cases an interpreter will be invited to translate and achieve the informed consent. In other circumstances the individual may have full mental capacity put is unable to sign to give their consent, in these situation they may need a family member and a medical professional to witness the consent to go ahead with the treatment Situations where informed consent is not possible:- in some situation when individuals are receiving medical treatment they may not have the mental capacity to give fully informed consents for such treatment. For example if an individual is unconscious or in a coma they are therefore unable to respond to give their consent. Medical staff will be encouraged to try every way possible to achieve consent from the individual but in some cases this is impossible and treatment can be needed urgently, in these circumstances the next of kin would come to a formal agreement as to what is in the best interest for the individual, a step by step documentation will be put together for if and when the individual becomes conscious or aware so that they can see and understand what treatment has taken place without there knowledge. Preparation prior to administration:- Correct equipment:-during the administration of medication correct equipments needs to be used to make sure hygiene is up to its highest possible standard. Health workers should wear gloves when administering medication, if working in care home aprons may also be necessary. Medication should also be kept in nomad or blister packs so that the correct dosages are given to the correct people at the correct time. Equipment may also need storing, disposing or cleaning in correct ways, such as; medication should be stored in locked cupboards or fridges depending on what is necessary, equipment such as needles for injections need to be disposed of in a sharpie box and a date should be set for the sharpie box to be disposed of properly, medication such as nasal sprays, nebulisers and inhalers need to be clean correctly in order to maintain the standard of hygiene. Correct recording documents:-in every health care environment if medication is administered it must be documented, this is a legal requirement to prevent double dosing or individuals missing medication. For example if a carer came on her shift to a client who is in a lot of pain, she may give the client a strong dose of pain killers, if she does not document this the next carer to come on the shift may do the exact same thing without realising the client has already taken a does, this can potentially be fatal, for this reason it is essential for the administration of medication to be recorded. Administration of medicines:- Ensuring the correct medication, correct dose, correct person, correct time, correct route or correct method:- When medication is administered health care staff must ensure that the correct procedure is followed, this is done by insuring the following are correct; the medication, the dose, the individual the medication is given to, the time, the route of method the medication is given. It is critical that all the steps are followed to ensure no mistakes are made as they could be potentially fatal. Paitent hoice:-in some cases, clients have days in which they just do not want to take their medication, whether it being that they make them feel ill or they are just sick of taking them, this is the individuals own decision and this must be respected by health care workers. Service providers should try encourage individuals to take their medication and explain why they should be taken them, if this does not work the individual cannot be forced to take medicat ion, health care workers should document the fact the client hasn’t taken the medication so that others can keep a check up this. Recording, reporting and seeking advice:- What to record:- When medication is administered by a health care worker they should make sure the following is recorded and documented; what medication is given and the dosage given, whom the medication is given to, how it was given. This is to ensure the safety of the individual and also for such things as if the client needs to go to hospital the doctors can see a recording of what has being given. Comments and signature after each administration:-after medication has being administered to a client it is necessary that the service users sighs the records or documents to state that the client has taken them. If medication is refused the service user need to make a comment of this, not signature is necessary as long as it is stated that the medication has being refused. If there are any adverse responses after the client has taken the medication this should also be reported so that this can be monitored in the future. Reporting and seeking advice:- if medication is refused this should first of all be recorded and then reported to a doctor or senior member of staff depending in the job role the service provider is in. If the client has a reaction to the medication this should also be reported to a senior member of staff or doctor. If the side effects are quite server then a decision will be made as to whether to carry on the medication or not. Audit and storage of stock:- Ensuring medication is stored according to manufacturer’s instructions:- it is extremely important that medication is stored correctly, this is generally helped if medication is stored in a nomad or blister pack put sometimes this is not always the case. If medication is stored separately then they need to be clearly labelled with the name of the medication, whom it is for, the dosage to be taken, and the date it is to be used by, this is to ensure the individuals safety when giving the medication. Medication should also be stored in a secure and clean are so that it cannot be taken by anyone whom is not the person it is labelled to and to keep hygiene standards as high as possible. Medication also needs to be stored at different temperatures depending on what it is, for example insulin needs to be kept at a temperature below 25Â °C therefore in warmer times and when insulin is not needed urgently it should be stored in the fridge to keep it the correct temperature. Ensuring that the number of doses received, administered and remaining is recorded:- recording medication on its arrival to the premises is an important documentation, when medication arrives doses and amount of medication should be recorded, the recording of stock prevents and situations of stolen medication or any mistakes in dosage. Health care staff should also keep a recording as to what is left so that if medication begins to get low a new batch can be ordered before they run out. Checking records for accuracy:- the health care worker whom in charge of medication should ensure that checks are made regularly of the recording of the administration of medication. The check will ensure that there is no mistakes being made as this could be potentially fatal to clients and that there is a persistent high standard of care taking place in the administration of medication.

Sample Essays For IELTS

Sample Essays For IELTSYour lesson plan includes a sample essays for IELTS. This will be a perfect guide for you to get a detailed idea about the format and style of the essays. It will help you as a test writer and also help you to interpret your results.You will find samples in many lesson plans. In this case, you can choose one that you like most. But you need to know that there are also tips that can help you improve your answer.On IELTS, the language requirement is from two to four letters. The second part of the essay should be no more than five hundred words. You can use the samples essays for IELTS that have been organized and sent by different students.It is a very easy and fast way to pass the test. A large number of students are choosing the essay-writing for their exam preparation. They prefer writing essays. With an essay, they will be able to learn the basics of writing on the subject and also practice their writing skills.The sample essays for IELTS have the format and style similar to the other test writers. There are also several different styles. Therefore, the test writer needs to carefully study the examples and learn how to select the correct one. These sample essays also provide information on grammar, vocabulary, topic of the essay, and sentence structure.Writing essays for exams needs several elements. These elements include a correct article, sentence structure, topics, paragraphs, important data, and proofreading. These elements can not be found in an online free . It also provides you with a different opinion. Moreover, these samples are available free of charge.You can use it when writing about different topics. The essays are usually organized in groups or chapters. This gives you the freedom to create your own topics. Some of the topics of the essays include culture, religion, politics, technology, and history.However, you need to make sure that you read it carefully before you start writing. All the examples for IELTS contain very good explanations. The information is provided in easy to understand language. It is a perfect guide for the test writers.

Africa in an African Perspective

Africa in an African Perspective Ways in which Africa and Africans are represented by Africans Description of Africa in an African perspective can be as problematic in the same manner western representations are about Africa. The continent has been marred by political issues ranging from democracy, national elections, economic status and cultural practices from different corners of the continent. In Africa, political issues affect beyond political environment, economic and social aspects are also affected.Advertising We will write a custom essay sample on Africa in an African Perspective specifically for you for only $16.05 $11/page Learn More There has been an increased case of corruption, which signifies a lack of accountability and ethical leadership within most African countries. Rising cases of political instability have led to problems such as widespread violence, change of leadership and embezzlement of aid funds. The problems of sub-Saharan Africa are further deepened by genocidal c onflicts, diseases, poverty and economic stagnation (Mengara, 2001). The film Motherland, which is African-owned cinema, represents the glory and majesty of Africa and at the same time calls for unity, self-determination and the rebirth of Africa. According to the film, Africans became black within the period they were being enslaved. Slavery was designed to disconnect the African from having any positive notion of their Motherland.  Languages used in describing parts of Africa like ‘sub-Saharan Africa’ are used with the intention of dividing and conquering the continent. According to the film, such terms have been used to confine Africans to corridors of make-believe locations without any political affiliations (African Union), ethnicity (Tuareg), and economic status (COMESA) and with historical and physical boundaries, by use of names such as Sudan and Mali. The same aspect is revealed through post-colonialism perspective in the Yeelen film (Mengara, 2001). African development presents an important factor in the many discussions about Africa and Africans. The rate of development within the continent has contributed to its positioning within the global politics. Such developments focus on technology, economic status, infrastructure, disease prevalence and socio-economic inequalities. Analysis of the conflicts in Africa or the reality behind political processes has become difficult since numerous factors are considered in the process of investigating causes of such conflicts. Based on African Renaissance movement, comprised of intellectual agencies, the real definition of Africa should be based on African creativity and knowledge on cultures.Advertising Looking for essay on african american? Let's see if we can help you! Get your first paper with 15% OFF Learn More This makes African identity a contested concept since there are multiple identities from various perspectives. There has been rising difficulty in conceptualiz ing the real identity since the discussions are based on factors such as; defining African identity in relation to the rest of the world, definition in relation to each other with many considerations on migration and xenophobia. How do these representations differ from those in the first section of the course? There is a raw synergy of films and history on the description of Africa as a continent and Africans. The first representation focused so much on the negative aspects of Africans, portraying them as the most violent race in the world. This is purely from a Racists perspective. The elaborate representation of black freedom and power struggles across political spectrum left everything on self-focused consumerism. The black-focused films from the white-man perspective are marred with violence while African focus on black films presents the rich history of the continent from cultural to economic aspects. The perspective from the second argument disputed the fact that post-colonial ism is all about the relationship between Africa and their former colonialists. Hence, the focus is on developing links based on unity and authentic African identity. Most of the representations by Africans within African films are based on post-colonialism which basically explores the connections between African cultures and their history of colonial exploitation. The oppressions from the colonial masters resulted into rebellion as portrayed by African-produced films. The overall analysis within these films seeks to explore the root of cultural and political forces affecting the continent amidst domination by western culture. Yeelen focuses on the rich African aspect based on modernity which provides great challenge on the former western perspective about Africa. All post-colonial descriptions on Africa reveal the unequal and uneven representations of the cultural forces within the political and social sectors. Hence the overall facts given in the description of Africa and Africans based on post-colonial perspective can be considered strategic and true representation of contemporary African culture. In the previous review, Africa is considered passive participant in overall world development. The continent is portrayed as the object of Western actions through colonialism while in the second perspective, in Yeelen, Xala and Touki-Bouki films, Africa is considered an active participant in contributing towards their own history (Murphy, 2000).Advertising We will write a custom essay sample on Africa in an African Perspective specifically for you for only $16.05 $11/page Learn More However, the whole concept on wars in films can be traced back to the fact that western citizens, especially American citizens, had full obligation of arming themselves for the purposes of protecting families and their nation from foreign encroachments as well as domestic tyrants. This is contrary to forms of military organization where professionally trained soldiers and officers are established and isolated from the society for the purposes of protecting entire nation. The whole perspective was injected into the African culture during colonialism. However, the idea of allowing citizen-soldier establishment enabled direct involvement of the people’s will power in the preservation of liberties and rights within the society like in the case of Mau Mau. Impact of these representations on personal view of Africa and Africans From the perspective of the films, descriptions on Africa differ based on the region from which the description is made. Western perspective portrays Africa as a continent marred with inadequacies and violence. Africans represent race confronted with daunting ironies which can be traced back from unsettled paradigm shifts. Even after decolonization, the now independent Africa still wallow in poor economic performance. However, there is profound dignity and richness within the African continent. This can be realiz ed from the continent’s rich natural resource base. Statistics reveal that Africa alone produces 46% of world’s chromium, 48% diamonds and 29% gold. The continent is portrayed as one with elaborate problems ranging from poor infrastructure, instability within governments, diseases and corruption. Africans are also portrayed as those over-relying on resources, since they focus on simple sale of natural resources instead of providing value-added services. This has made most of the countries within the continent to largely depend on aid from foreign countries. They are portrayed as those with inability to create and restructure conditions for the benefit of the natives. Most of the films associate Africans with ghetto streets depicting where they focus their real lives (Murphy, 2000).Advertising Looking for essay on african american? Let's see if we can help you! Get your first paper with 15% OFF Learn More Africans have their rich practices such as circumcision which existed even before colonialism. However, the rich ethnic diversities the continent enjoys presents lots of threat since each ethnic background and country seems to hostile towards each other based on focus towards leadership and resource ownership. There is lack of brotherhood amongst Africans owing to conflicts based on selfish ambitions towards wealth. This has made it difficult the forging of a United States of Africa (Murphy, 2000). References Mengara, D. (2001). Introduction: White Eyes, Dark Reflections in Images of Africa:  Stereotypes and Realities. Trenton, NJ: Africa World Press, Inc. Murphy, D. (2000). African Filming Africa: questioning Theories of an Authentic African Cinema. Journal of African Cultural Studies, 13 (2), 239-249.

Symposium by Plato Essays

Symposium by Plato Essays Symposium by Plato Essay Symposium by Plato Essay Essay Topic: Phaedrus Symposium By Plato Plato fully expressed his craft when he wrote one of his most renowned works, the Symposium. The speeches are characterized by highly commendable experiences with a mixture of comic relief and intellectual depth. The setting of the discourses delivery is at the banquet of Agathon where the elite guests include Socrates, Aristophanes, and Alcibiades. It was agreed that the evening of merry-making be spent in praise of love and investigating its nature. Each of them offered their thoughts on the matter, and as personality and consensus clash, the dialogue comes to its highlight, where the climax is ushered with the storming of drama of ideas. When we turn our attention to the speech of Phaedrus, the texts foreground an aspect of Love as a being. Phaedrus affirms that Love is a mighty god and that Love is the eldest of the gods. He further avers that the best incentive to virtue is an honorable love, a love that has dared man to do transcend the impossible, to test the limits of life, and to challenge the powers of heavens, all for the sake of their beloved. Phaedrus elaborated that man will do anything for the sake of love. He told the story of Alcestis, who exchanged her life for her husbands. The tenderness and true love for her beloved spouse. The story of Orpheus also exemplified the tenacity of passionate love within a persons heart. Unlike Alcestis, Orpheus did not face death but instead he descended into the underworld and rescued his Eurydice. Another plausible example is that of Achilles and Patroclus. Eventhough Achilles is aware that he will die in war against the Trojans, he chose to do so in order to avenge the death of his beloved Patroclus. The speech of Phaedrus affirms reasons that Love is the eldest and noblest of the gods, giving and providing virtues and happiness in life. Pausanias negates the idea of Phaedrus and asserted that there are two kinds of Love, the spiritual love and the common love. He says that common love is not bias, it depends on the manner of performance or actions. When love is done for the benefit of those concerned, then it is good, but if it is done for the opposite purpose, only then that love becomes evil. On that context, only love which has a selfless purpose is worthy of praise. On the other hand, spiritual love is the love of the soul, which endures any form of pain and is not blinded by the physical appearance of things. Pausanias continues further through his assertion that the higher love is of the male. Those who belong to the masculine gender are regarded to have a superior nature especially in terms of intelligence, strength, and spirit. In addition to that, when one displays the affection, it is more honorable than when it is concealed. Custom allows those people who are in love to do strange things. Eryximachus also has a different stand on the issue. He provides answers about love in terms of the principles of medicine. Eryximachus supplies the deficiency in Pausaniass speech by proclaiming that love is not an affection of the soul of man towards the beautiful but to anything that the earth possesses.. the harmony of the true and false love may be found in men, animals and the whole province of divination. For him, medicine is the knowledge of love and the needs and wants of the physical being. Aristophanes follows the discussion. For him, man has not understood the power of love. He says that human nature is composed of man, woman, and the union of the two. Zeus cut man in two to diminish their strength and increase thir number. The two halves then wander about longing and seeking after one another. Men are a section of a double nature and they are dependent from which they were severed. Following him is Agathon, the host of the celebration. He comments that the other speakers are not praising or unfolding the nature of love but congratulates mankind for the benefits that love has given them. He states that the god love should be praised in his own account only and not for what he offers mankind. Moreover, he defies the statement of Phaedrus that love is not old but young and tender. the audience appreciate the words and thinks that he is worthy of himself and of the god. The most interesting part of the conversation is the turn of Socrates. At first, he excuses himself from speaking but eventually he professes his side on matter. He congratulates Agathon in his proposition of presenting the first the nature of Love and then of his works. He states that love is consist of something and wants something that he does not have for himself. Love in its nature is beautiful and it seeks beauty in the goodness of the heart. Love is a great spirit that acts as a medium between gods and men. Alcibiades then, rescues the evening from being solemn, in his drunkenness. He indirectly implies that Agathon is the beloved of Socrates. because of this, Socrates aids the protection of Agathon from the violent Alcibiades. Socrates would have changed him only if the love of popularity in him is not strong. Beyond this humor of characterization of Socrates brings the connection that Socrates speaks the truth. Alcibiades seems incapable of deviating the look of desire of those with whom he comes into contact, although it still fails to bring out from them tangible reactions of sexual interest. His desire finds a ready statement in Socrates qualities. On the other hand, Socrates is only mindful of the improvement of the soul that underlies both his interest in young men and his moderate drinking. Socrates and Alcibiades agree with the different aspects of the human personality. Both suggest that beauty, in its physical and spiritual indication, is difficult to define and can only be most appreciated in the milieu of a private relationship. Beauty should be viewed absolutely and not relatively. In Socratess view, love leads to the perfection of man. The reason is that it unites man with others. In the light of openness and self-giving, the â€Å"I and the â€Å"You† commune and becomes one. Furthermore, man transcends self, selfishness, isolation and despair, and finds happiness in his interpersonal relationships with others. Mans capacity for love appears to be infinite since it cannot find rest in any finite good. Unless his will is without purpose, eventhough it is the goal of it, then God must exist as the infinite and absolute good sought after by that will. Aside from the drama that arise in the context of Love, different kinds of love are also presented to praise, define and illustrate. Various manners of presentation in which the speeches were delivered included Alciabiadess humorously indecent language and unrequited lust for Socrates, Agathons lofty sentiments, Eryximachuss cold restraint and analytical distance, and Socratess confession of ignorance. Plato knows the manifestation of all the characters love. Their topic in the symposium is a reflection of the significant experiences of the persons doing the dialogue. It is about their love concealed as stories of love itself. For Phaedrus and Pausanius- true love, for Eryximachus- beloved craft, Aristophanes-comedy, agathon-lofty tones of tragedy, Alcibiades-to please the crowd, Socrates-talking philosophy. In this dialogue, the different facets of love were encompassed and were discussed in such an intense and passionate discourse. Different stories mirrored the degrees and forms of love experienced by human regardless of race, of religion, and of gender. References Kaplan, Justin D. (Ed. ). (1950). Dialogues of Plato. New York: Washington Square Press.

Statistical control in reverse logistics Research Paper

Statistical control in reverse logistics - Research Paper Example It is a common phenomenon especially in the motor industry. For instance in 2009, General Motors recalled approximately one million vehicles from showrooms and consumers due to defects in their braking system. Statistical control plays a role in reverse logistics by ensuring process of recalling goods back to a manufacturer is conducted quantitatively to avoid financial losses to a manufacturer. Several parameters are considered before reverse logistics can be actualized, statistical control serve to moderate the said parameters to ensure that the process is conducted in a controlled manner that will be to the advantage of the organization financially. Some group view reverse logistics as an important aspect of the supply chain while other do not. Statistical control applies its measure in the situation by depicting the advantages that will be gained by successfully implementing reverse control for instance if a company is responsible for all its inventory returns chances are it will retain consumer loyalty and at the same time protect the brand of the product in question. Conversely, whenever decisions are being made on whether to return a product or not various considerations should be explored before a final decision can be done. Statistical control is applied to provide the analysis of the trade-off thus making informed decision concerning reverse logistics (Keller, 201 1). Before an organization can make, a decision on reverse logistics various considerations have to be explored to ensure the decision is viable financially to the firm at the same time it is also beneficial to the customers (Dyckhoff, Fandel and Reese, 2004). Whenever a product is being recalled it is, of course, not in its original condition, it may be worn out or damaged. Reverse logistics will be viable to a product of high quality, since the cost of transporting the product back to the manufacturer can be met

Homework Essay Example | Topics and Well Written Essays - 2000 words

Homework - Essay Example For example an advertisement made in contrast of black and white may be eye catching and affects perceptual selection. Expectations Consumer’s expectations also affect how things are perceived by consumer. Consumers generally see what they expect to see. A person expecting to see some particular shop in a shopping mall will soon find out one than the one in no expectation to see that shop. Motives Perceptual selection is also influenced by consumer’s motives at that time, consumer’s current needs and desires affect the stimulus selection for perception. A consumer planning to have a vacation will be more open to resorts’ advertisements, airlines deals and hotels’ offers. These are the two major factors that affect selection of perceptual stimuli. FACTORS AFFECTING NATURE OF PERCETION Exposure Attention Interpretation Exposure Exposure highlights the stimulus to which a consumer is exposed to. Exposure can be either deliberate or random. Selective ex posure is deliberate, it happens when consumers seek out for messages that are pleasant and avoid the ones that are painful. Attention Attention explains out of all exposed stimulus, on which stimulus does the consumer pay concentration on. The attention paid by the consumer can be categorized as either of high involvement or of low involvement. The extent to which a consumer pay attention to particular stimulus is affected by a consumer’s needs interests and motives at that time. A person who is price conscious may pay attention to saver deals advertisements and on discount offers. Interpretation Interpretation defines the assignment of meaning to sensations. Interpretation of stimuli is also uniquely individual process. It is different for every person as each person perceives and interprets stimuli differently and uniquely. Attention Attention occurs when any stimulus is able to activate one or more sensory receptor nerves, and the sensation produced as a result of it, goe s to the brain for further processing. Attention requires consumers to allocate limited mental processing towards information processing. There are multiple stimulus and situational factors that affect on which stimuli consumers pay attention to. Stimulus factors Stimulus factors mostly include physical characteristics and nature of stimulus. Size and Intensity – any stimulus that is huge or giant in size will automatically catch attention of a person. Intensity may include the length, brightness or loudness of the stimulus. Color and Movement – the more colorful a stimulus is, the greater it has the chances to catch an individual’s attention. In addition to being colorful, if stimulus is mobile rather than stagnant, it has greater probability of attracting individual’s attention. A bright colored package is more likely to attract attention. Position – placement of the object in a person’s visual field. Mostly stimuli placed at prime locatio n, or at eye level or somewhere that is much unexpected for an individual to expect that stimulus to be. The greater it will attract the attention. Isolation –

Strategies Used by the Banking Industry Essay Example for Free

Strategies Used by the Banking Industry Essay In depressed economic times, Banking is an industry that is prone to substantial financial losses, from customer’s closing their depository account to an increase in outstanding loan delinquency. An increase in consumer and commercial loan defaults can damage the integrity of a Bank’s outstanding loan portfolio. Such deterioration can lead to an increase of â€Å"Non-Performing Assets†. Once a loan is nonperforming, (usually when a debtor has not made their scheduled payment for at least 90 days, but there are other reasons why a loan can be deemed â€Å"non-performing†) the odds that it will be repaid in full are considered to be substantially lower. The non-performing asset is therefore not yielding any income to the lender in the form of principal and interest payments. Banks have spent the last several years grappling with nonperforming assets, but perhaps working out problems with bad loans is best left to entities that do not have to answer to a Federal Regulator. This year, more banks have escalated efforts to sell nonperforming assets, and industry experts say the volume of such deals is only going to increase. Meanwhile, a new deal structure is calling for sellers to retain the problematic assets to work them out on their own. (Barba, 2011) But, even if a loan pays in accordance with its Terms Conditions, it still can be categorized non-performing for several reasons. Deterioration in financial ratios can cause a loan to be classified non-performing, one of those financial ratios is Loan to Value or â€Å"LTV†. LTV is the outstanding principal balance of the loan divided by the appraised value for real property pledged as collateral for a loan. When the appraised value of the pledged collateral decreases faster than the principal of the loan, the LTV will increase, thereby making this loan a greater risk in case of default. The benchmark LTV ratio will usually not exceed 75%, the rationale behind this threshold is if the loan does default and, subsequently, the asset disposed of, that the 25% of equity can be used to reimburse the bank for legal fees, court cost, and expenses incurred with liquidating the collateral. This strategy is incorporated in the bank’s lending policy in the effort to â€Å"make the bank whole† in a loan default scenario. When the loan request is not collateral based, the key financial ratio used to determine the borrower’s ability to repay is Debt Service Coverage or DSC. This ratio is calculated using the existing company debt, plus the new loan obligation, divided by the businesses existing cash flow to determine if the total debt can be supported. Covenants in the loan documentation will require the business to furnish Tax Returns and Financial Statements annually to review the borrower’s financial condition to ensure sufficient DSC. If it is determined that the DSC is not sufficient or if the borrower is not in compliance of the Loan Covenant by not supplying the required financial information, the loan can be classified as non-performing. An increase in the level of non-performing assets increases risk and impacts capital levels that regulators believe are appropriate in light of the ensuing risk in the loan portfolio. Regulators request that the level of non-performing assets be reduced. If these problem assets are not reduced through loan sales, workouts, or restructuring or the level of problem assets continue to rise through decreases in the value of the underlying collateral, or in these borrowers’ performance or financial condition, whether or not due to economic and market conditions beyond our control, could adversely affect the bank’s operations and financial condition. This is why banks are so interested in getting these assets off the books. Banks that’ve held on to some loans in hopes of a rapidly increasing economic recovery are starting to lose hope. Moreover, the Euro Zone Debt Crisis and, locally, the $1.2 billion dollar debacle and former New Jersey Governor Jon Corzines MF Global, plus the decline in Moodys index of commercial property values, which reached around 200 in late 2007 and early 2008, before taking a complete round trip back to 100 as of the beginning of this year and leveling off to about 120—but has been largely treading water since late 2009. After that bounce, its gone back down a little, and looks to be flat for the foreseeable future, says David Tobin, one of the two principals of Mission Capital Advisors. Its a smart time to sell. (McDonald, 2011) Another reason for the converted interest in selling these assets is the challenge that banks are having in making new loans. â€Å"Analysts and investors are demanding balance sheet improvements out of the banks†, says Tobin, â€Å"and if the banks cant show strength by adding new, solid loans, then theyll do it by unloading legacy assets that are a drag on capital†. And thats just what has happened. But when they can sell, they do. The best thing a bank can do is sell properly marked assets that help fix the balance sheet. The more you can sell, the better you are perceived. says Tobin. (McDonald, 2011). So, how do bank’s dispose of these assets and what is done with those assets that cannot be sold on a Secondary Market? There are several loss mitigation alternatives used by banks in both scenarios. Typical Strategies used in the sale of non-performing loans are usually Note Sales, Short-Sale or Short-Payoffs, or a Deed in Lieu of Foreclosure. A Note Sale is just as it sounds. A Bank will assign all its rights and interests in the subject Note and Mortgage (or a group of Notes and Mortgages) to an interested party for an appropriate price. A Short-Sale or Short-Payoff, again, is just as it sounds, is a method whereby the bank examines the value of the collateral, financial condition of the borrower, and will determine the amount of acceptable loss that the bank would be willing to incur â€Å"just to make the borrower go away† instead of involving themselves in a, potentially, protracted Foreclosure process. Lastly, the Deed in Lieu of Foreclosure is the process whereby the borrower surrenders the Title to the property instead of going through the, potentially lengthy and expensive, Foreclosure process. This method allows for the bank to receive a maximum price for the collateral since they, in essence, are owners of the property since they are in possession of the Title and the buyer does not have to take assignment in any Legal action initiated by the bank. More often than not, with this option, borrower’s will also insist on the release of any personal guarantors on the Mortgage, so the bank doesn’t have an option of pursing any potential deficiency balance on the loan after the sale of the collateral. When a bank can’t sell their criticized and classified loans on the secondary market and has no other choice that to keep those loans on their books, there are several methods that can be used to modify the existing terms and conditions of a loan to, possibly, strengthen the credit in hopes of a possible upgrade in the loans classification by the bank’s Risk Managers. The first (and most preferred) of these methods is the Reinstatement. The borrower will pay all loan arrears (past-due Principal and Interest) and continue paying as agreed through the term of the loan. As an incentive to the borrower, the bank has the option of waiving accrued Late Charges and Default Interest amounts as part of the terms of the agreement. Typically, if the loan performs as agreed (usually for six to twelve months) after reinstatement, the bank’s Risk Managers will agree to re-classify the loan back to a performing status and resume taking in the interest income on the loan. The remaining methods are several types of Forbearance Agreements. A Standard Forbearance is often consideration (the bank’s delay in enforcing its legal rights and remedies under the Note) for a promise by the debtor to pay an added amount to the current Principal and Interest payments to cure the loan arrears. A Refinance Forbearance is an option whereby the borrower intends to refinance their loan with the bank in order to satisfy the obligation. Lastly, a Graceful Exit Forbearance allows the borrower the time to market and sell the mortgaged premises in order to satisfy the underlying loan obligation to the bank. The time allowed by the bank in any forbearance scenario will, usually, not exceed twenty four months. In good times or bad, deciding how to manage nonperforming assets is never easy. Loan workout can be intricate and costly, both in time and resources spent on deciding whether to work out an asset or focus on what can be salvaged. Moreover, it also requires the bank to evaluate whether the borrower can recover and still remain valued customer. (Trauner 2009) But, if the decision is made to sell the credit, then the decision is how to maximize the consideration received for the asset. Selling assets can often be perplexing and nerve-racking and the reality is that if you take time to evaluate and think purposefully about your portfolio, selling these assets can be a very effectual and fruitful tool to help manage your portfolio through the ups and downs in credit cycles. (Trauner 2009) REFERENCES Barba, R. (2011, November 14). Toxic assets turn into opportunity for community banks. Retrieved from http://www.americanbanker.com/issues/176_221/loan-sales-nonperforming-assets-private-equity-1044055-1.html. (Barba, 2011) McDonald, D. (2011, November 04). Good news? It’s a buyers market for bad loans. Retrieved from http://finance.fortune.cnn.com/2011/11/04/bank-bad-loans/ (McDonald, 2011) Trauner, S. (2009, April). Non-performing assets: The keep versus sell decision. Retrieved from http://www.wib.org/publications__resources/article_library/2009-10/mar09_assets.html (Trauner, 2009)