Saturday, August 22, 2020

Sample Short Answer Essay for a College Application

Test Short Answer Essay for a College Application The Common Application no longer requires a short answer exposition from all candidates, however numerous schools keep on including the short answer as a component of an enhancement. The short answer exposition brief commonly states something like this: Briefly expound on one of your extracurricular exercises or work encounters. Schools like this kind of inquiry since it offers their candidates the chance to recognize an action that is important to them and to clarify why it is significant. This data can be helpful to universities with all encompassing confirmations as they attempt to recognize understudies who will carry intriguing abilities and interests to the grounds network. Test Short Answer Essay Christie composed the accompanying example short answer exposition to expand upon her affection for running: It is the least complex of developments: right foot, left foot, right foot. It is the least complex of activities: run, unwind, relax. For me, running is both the most essential and the most intricate action I act at whatever day. While my body acclimates to the difficulties of rock ways and steep slopes, my psyche is allowed to float, to filter through whatever requirements arranging or arranging the up and coming days assignments, a contention with a companion, some annoying pressure. As my lower leg muscles extricate and my breathing subsides into its profound cadence, I am ready to discharge that pressure, overlook that contention, and set my psyche all together. What's more, at the halfway point, two miles into the course, I stop at the peak vista neglecting my little town and the encompassing forests. For one minute, I stop to tune in to my own solid heartbeat. At that point I run once more. Investigate of the Short Answer Essay The creator has concentrated on an individual movement, running, no history-production accomplishment, group triumph, world-changing social work, or even a formal extracurricular action. All things considered, the short answer paper doesn't feature any sort of momentous achievement or individual ability. In any case, consider what this short answer exposition reveals the creator is somebody who can discover delight in the least difficult of exercises. She is somebody who has discovered a compelling route for managing pressure and discovering harmony and balance in her life. She uncovers that she is on top of her self and her unassuming community condition. This one little section gives us the feeling that the creator is an astute, touchy, and solid individual. In a short space, the article uncovers the development of the author she is intelligent, articulate, and adjusted. These are for the most part measurements of her character that won't run over in her arrangements of evaluations, test scores, and extracurricular exercises. They are additionally close to home characteristics that will be appealing to a school. The composing is additionally strong. The composition is tight, clear, and elaborate without being over-composed. The length is a perfectâ 823 characters and 148 words. This is a common length limit for a short-answer exposition. All things considered, if your school is requesting only 100 words or something longer, make certain to adhere to their directions cautiously. Job of Essays and Your College Application Remember the job of any expositions, even short ones, that you submit with your school application. You need to introduce a component of yourself that isnt promptly evident somewhere else in your application materials. Uncover some concealed intrigue, enthusiasm, or battle that will give the affirmations people an increasingly point by point representation of yourself. The school has requested a short paper since it has all encompassing affirmations; at the end of the day, the school attempts to assess the entire candidate through both quantitative (grades, test scores, rank) and subjective (papers, meet, extracurricular exercises). A short answer exposition gives the school a valuable window into the candidates interests. Christie prevails on this front. For both the composition and the substance, she has composed a triumphant short answer article. You might need to investigate another case of aâ good short answer on working at Burger Kingâ as well as take in exercises from aâ weak short answer on soccerâ and aâ weak short answer on business enterprise. As a rule, on the off chance that you follow the exhortation on composing a triumphant short answer and stay away from normal short answer botches, your exposition will reinforce your application and help make you an alluring contender for confirmation.

Free Essays on Othello - Deception In Othello

William Shakespeare’s catastrophe, Othello, is a play focused on the topic of double dealing. All through the play, Shakespeare utilizes this topic to build up the plot and to achieve the defeat of the title character. This is accomplished basically through the exchange of the character Iago in various key scenes, and its impact on both minor and significant characters. The topic creates all through the play in an ever-growing trap of falsehoods that influences each character. The initial scene of the play promptly lowers the crowd in trickery through Iago’s discourse. Iago is in discussion with the character Roderigo, who we later learn is being bamboozled by Iago. Iago is vowing that he follows his ruler, Othello, not unavailable, rather in the quest for vengeance. He really states: â€Å" I tail him to serve my chance upon him.† This announcement, in Act I, Scene 1 no less, obviously makes way for a play of misdirection and manipulating. Iago continues to invalidate any loyalty to Othello for the following 25 lines! This discourse is finished up with the line â€Å"I am not what I am.† By having this in the absolute first scene, Shakespeare recognizes to the crowd that misdirection will be a key subject in the play and will repeat much of the time. The full degree of the double dealing in the principal scene isn't uncovered until Act I, Scene 3, when Iago uncovers reality in his monologue. Iago really expounds on how he is in actuality beguiling Roderigo into giving him cash to by presents for Desdemona, a help Iago had not done and never proposed to do. He proceeds to state that: â€Å"Thus do I ever make my bonehead my satchel; For I mine own insight should dishonor On the off chance that I would time exhaust with such a kill In any case, for my game and profit.† Iago straightforwardly concedes that he has been misdirecting Roderigo for cash and for diversion. This gives the primary scene more noteworthy importance while at the same time uncovering Iago as a genuine misrepresentation to the aud... Free Essays on Othello - Deception In Othello Free Essays on Othello - Deception In Othello William Shakespeare’s disaster, Othello, is a play fixated on the topic of duplicity. All through the play, Shakespeare utilizes this subject to build up the plot and to achieve the ruin of the title character. This is accomplished essentially through the exchange of the character Iago in various key scenes, and its impact on both minor and significant characters. The subject creates all through the play in an ever-extending web of untruths that influences each character. The initial scene of the play quickly lowers the crowd in double dealing by means of Iago’s discourse. Iago is in discussion with the character Roderigo, who we later learn is being misdirected by Iago. Iago is vowing that he follows his ruler, Othello, not unavailable, rather in the quest for retribution. He really states: â€Å" I tail him to serve my chance upon him.† This announcement, in Act I, Scene 1 no less, unmistakably makes way for a play of duplicity and double-crossing. Iago continues to invalidate any devotion to Othello for the following 25 lines! This discourse is finished up with the line â€Å"I am not what I am.† By having this in the absolute first scene, Shakespeare recognizes to the crowd that misleading will be a key topic in the play and will repeat every now and again. The full degree of the misleading in the principal scene isn't uncovered until Act I, Scene 3, when Iago uncovers reality in his talk. Iago really expounds on how he is in certainty misleading Roderigo into giving him cash to by presents for Desdemona, an assistance Iago had not done and never expected to do. He proceeds to state that: â€Å"Thus do I ever make my simpleton my tote; For I mine own insight should dishonor On the off chance that I would time use with such a kill Yet, for my game and profit.† Iago straightforwardly concedes that he has been deluding Roderigo for cash and for amusement. This gives the primary scene more prominent importance while at the same time uncovering Iago as a genuine extortion to the aud...

Friday, August 21, 2020

I Am A Frolicker free essay sample

What is your preferred word, and why? I am a frolicker. To skip is my generally most loved of past-times. On the off chance that you are inexperienced with the general strategies for skipping, I will edify you. As I would like to think, the most prime area to skip is in a glade. Try not to fear if knolls are hard to find however, the area isn't basic. Presently, accepting a glade has been found, to accomplish the most extreme impact, shoes must be evacuated. At that point a figurative, and incidentally strict, letting down of hair must initiate. Now the cheer may start. I dread I have overlooked the most significant perspective! Skipping is very troublesome when alone. Allies are quite often important. Presently, you are presumably pondering something like â€Å"soI have a companion, we are in some irregular field without shoes or hair ties†¦what now?† That is a great inquiry; additionally one that I can't reply. We will compose a custom article test on I Am A Frolicker or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page It is difficult to teach the really skipping. The most essential head of skipping is suddenness. You chuckle, move, run, cavort, and make the most of your companion(s) in a general condition of energy. I do give one alert. You should not skip continually. One doesn't have to skip unendingly to receive its full benefit. The capacity to skip is what’s significant. Relinquishing concerns and getting a charge out of life is important. No different, we have assignments, obligations, and genuine business to take care of. In this way, go, live your live, be profitable. Be that as it may, don’t overlook, a continuous portion of skipping improves wellbeing and by and large satisfaction. Appreciate!

Tuesday, August 4, 2020

Corporate Tax Basics

Corporate Tax Basics Many people throughout history have uttered the saying ‘Nothing is certain but death and taxes’, with the first recorded attribution often given to Daniel Defoe. This fatalistic idiom is quite good in highlighting the inevitability of taxes and how it is crucial individuals and businesses know as much as possible about specific tax codes to secure their finances.For businesses, one of the most important taxes to understand is the corporate tax. This guide will help you understand the basics of corporate tax, as well as explain a bit about how the tax is imposed in different countries. © Shutterstock.com | Creativa ImagesIn this article, you will learn 1) what corporate tax is, 2) what is taxed under corporate tax, 3) whether there are tax deductions available for corporations, 4) filing tax returns, and 5) corporate tax in different countries.WHAT IS CORPORATE TAX?Corporate tax is a country specific tax, often known as either corporation tax or company tax. It is a levy placed on the income of the firm, with different rates often in place for different levels of income.You’ll often see a corporate tax imposed on the income or the capital of the corporation. This could, for example, be the profit the company makes after operating costs.As mentioned above, each country often sets its own corporate tax rates and the tax is generally imposed on corporations that do business in the country. The rates across the world can vary greatly.The definition of a corporationIn order to understand corporate tax, you’ll also need to understand the definition of corporation. I n general, corporation is a legal entity, which is separate from the owners. Corporations have rights and responsibilities, just like an individual does.Some of these rights and responsibilities include the right to create contracts, to borrow as well as loan money, to hire employees, to own assets and the legal right to be sued and to sue. Among these responsibilities is the necessity to pay tax.Corporations are set up by individuals and there are different types of corporations. While a corporation isn’t required to be a for-profit corporation, most corporations are set up with the aim of creating profit and returns for shareholders. The history of corporate tax developmentThe history of taxation is almost as old as the human society. Ancient civilisations used the basic principles of taxation thousands of years ago. In fact, the earliest known tax records date to six thousand years B.C., to the region of the modern day Iraq.Different societies used their own tax policies and di fferent systems began developing. Taxation also ended up causing trouble between different factions and later nations.When it comes to corporations, the income was typically taxed similar to income tax of individuals. People simply paid taxes on the money they made and businesses often had to pay tax on goods.As businesses and the law and regulations around them became more sophisticated, the focus on fine-tuning the way corporate income is taxed became a bigger issue. While each country has different corporate tax basics, many have used the similar model honed in the US and the UK.The US was known for its limited taxation, with the first federal income tax being enacted in 1861. After a long debate and changes in legislation, the Congress enacted an excise tax on corporations in 1909. The corporate tax, along with the rates, has been evolving ever since.In the UK, corporations were subject to income tax on the profits, similarly to individuals. It wasn’t until 1965 that the gover nment created the current Corporation Tax, which helped clarify how corporations pay tax and on what profits.WHAT IS TAXED UNDER CORPORATE TAX?Corporate tax is typically mainly imposed on income, but it is possible to tax other assets the corporation has in its use. In many instances, taxes are also imposed on property, as well as the existence of other similar assets and the equity structure of the corporation.What falls under the tax depends on local legislation and some differences may arise depending on the type of corporation in question.The following is a set of the most common parts of corporate tax.Corporate incomeAs said previously, income is the main proponent of corporate tax. Income is taxed at varying rates across the world, with the rate always being different to individual income tax. You can find some of the corporate income tax rates further down in the guide.In most countries, the corporate income is defined as all gross income. This means taking the sales of servi ce and goods and deducting the cost of production as well as any income that might be tax exempt under the law. The remaining amount is then taxed according to the tax rate.In a multinational world, corporations can have income coming in from different countries. How countries tackle this worldwide income is different for each country.In most instances, resident corporations, i.e. corporations that have their main residency in a specific country, are taxed on the worldwide income. A corporation that is non-resident will only have to pay corporate tax on the income they make in the country of operation. Again, there are country differences to this rule.DividendsCorporations typically end up paying part of their income and earnings back to shareholders. This distribution of earnings is known as paying dividends. Dividends are also taxable income, although they typically attract a lower rate for corporate income tax.It is important to note that dividends are not only paid to individual s, but can also be provided to corporations. Therefore, the dividends a corporation receive will be subject to tax.Other distribution of wealthCorporations might also distribute some of their wealth through other means. These could include different provisions of assets or the transfer of equity or capital to new assets on behalf of the person. These are typically taxed under other unique tax rules.Transfer pricingAlthough transfer pricing is not directly related to corporate tax, it has an effect on what amount the corporations might end up paying. Transfer pricing refers to the prices the corporations apply for the goods, services or the use of property.Therefore, it can relate to the total income the company makes both in domestic and international level. The tax authorities often set guidelines on transfer pricing to ensure the tax authorities are aware of changes companies might make.Other alternative tax basesSometimes countries also impose alternative tax computations on corp orations. These taxes are typically involved with the assets, capital payments and wages. These will have an alternative tax rate and function, depending on the country.Foreign branchesAs mentioned briefly above, corporations can be taxed on both the income they make in a specific country or based on global income. In most instances, domestic corporations are taxed differently to foreign corporations.While there isn’t any international law that would limit a country’s ability to tax residents, whether individuals or entities, there can be other limitations. In most cases, international and country specific treaties bring these about.Treaties are typically designed to do two functions. First, they protect a country’s right to tax a company doing business within its borders. Second, they protect a corporation from having to pay tax on their income twice, both in their original country as well the country where they do business.How corporations are taxed depends greatly on their setup. Branches and sister companies might be treated differently to foreign companies and so on.ARE THERE TAX DEDUCTIONS AVAILABLE FOR CORPORATIONS?Just like individuals are able to deduct certain payments from their income tax expenses, corporations also have tax deductions available for them. These vary from country to country, but most countries do offer some types of tax deductions.The tax deductions available for corporations often fall under three separate categories: tax exemptions, interest deductions and losses.Tax exemptionsTax exemptions are always non-taxable and won’t need to be claimed back, as they are removed from the income tax calculation at the point of filing.When it comes to corporate tax exemption, income and costs generated by certain transactions are often non-taxable. For instance, the formation of a corporation will in many countries be tax-exempt event. Furthermore, acquisitions and re-organisation of a business is typically a tax-exempt event.Interest deductionsCorporations might also be able to deduct certain interest payments from the tax. For example, corporations are generally able to deduct interest expenses generated by trading activities. Certain bank loans might also provide the option for interest payment deductions.There are often country-specific limits on interest deductions. Certain interest payments might be, for example, deductible if made to shareholders, while be subject to tax if paid to the corporation itself.LossesWhen a corporation makes a loss, many jurisdictions allow them to deduct part or all of these losses. This is unique to corporations, as individuals aren’t able to deduct losses from taxation.Losses available for deduction are also involved with machinery, equipment and other such corporate assets. In most instances, corporations aren’t able to deduct losses against a previous year’s income. Many countries also have strict time limitations as to when losses can be deducted.FILING TAX RETURNSMos t countries use a similar system for collecting taxes. The system requires individuals and corporations to file their tax returns and make the payments according to the rules set by the tax authorities.Typical filing systemsMost often, the system requires corporations to file an annual corporate tax return. There are two different ways the return might be filed:Through a self-assessment method, where the corporation sends its own tax assessment to the tax authorities.By returning the tax administration pre-filed form, where the authority has calculated the tax based on some pre-filed information and the corporation has to make sure the information is correct.In many systems, the tax returns must be somehow certified. This often means using an authorised accountant and in the case of big corporations, the company’s own auditors.The difficulty of the filing system depends quite a bit on the country’s legislation. Some tax return systems are straightforward, while others can be ext remely complex. The complexity can also depend on the nature of the business.Furthermore, the technological revolution has changed the way corporations, as well as individuals, need to file their taxes. Most countries are slowly moving to technology-based filing, where the majority of the return forms can be filed online.For many countries, the system still operates both electronic and paper return systems. Corporations are often able to choose between the two, although electronic forms are becoming increasingly common.Different taxation periodsCorporate tax is generally paid on an annual basis. Some of the other taxes imposed on corporations can sometimes be paid quarterly or even monthly. The taxation periods depend on the country’s legislation and in some instances on the size of the corporation.Furthermore, it is good to note that tax year is not the same as a calendar year. This said, some countries might apply calendar year as the tax year, but exemptions are more often the case. For example, in the UK the tax year runs from April to April.The taxes are often paid in retrospect and not in advance.Who needs to file?As mentioned above, corporate tax return often requires some sort of official certification. In many instances, this can mean that an account will go through the corporate tax return before sending it to the authorities.The right procedure, as well as the right tax payments, depends on the structure of the corporation as well as the type of corporation in question.CORPORATE TAX IN DIFFERENT COUNTRIESThe guide should have made it clear that the final, detailed structure of corporate tax depends on the specific country in question. As an example of corporate tax and the differences between countries, here is a short introduction to some of the systems in use in the bigger countries.The USCorporations in the US is taxed at the same rate depending on the type of income the corporation makes. But different rates might be applied based on the incom e level of the corporation and the size of the corporation. There are also some federal differences in some states.The US system is quite a complex one and the filing requires several forms, both for the basic tax return as well as any possible exemptions.When it comes to foreign and domestic companies, the US taxes resident corporations based on worldwide income. Non-resident corporations must only pay income tax to the US, based on the income generated in the country.The UKThe UK corporate tax shares many similarities with the US, although there is only one rate used in the UK. Like the US, the UK applies corporate tax on worldwide income for corporations that are based in the UK. If the corporation has a branch in the country, they are only subject to pay tax on the income they generate in the UK.Corporate tax in the UK is calculated on what the company makes from:Doing businessInvestmentsSelling assets for profitChinaChina’s tax system can seem quite different and it’s hard to navigate through as a foreign business. Nonetheless, in its most basic, the corporate tax system treats domestic and foreign companies in a similar manner to the UK and the US.Interestingly in China, the payments are made quarterly and based on estimation payments. Furthermore, the corporation will then file their annual tax return. If they have made excess payments during the year, they can use them to offset the annual instalments.Corporate tax havensIt is all worth to mention that some countries in the world do not impose any corporate tax on any type of income. These so-called ‘tax havens’ often have many multinational companies place their residence in the country in order to avoid or pay lower taxes.Some of the countries with no corporate tax include:BahamasBahrainBermudaCayman IslandsGuernseyIsle of ManCorporate tax rate examples from around the worldFinally, here are some of the current corporate tax rates in different countries around the world. The rates are provide d by KPMG, the international services company specialised in taxation.Argentina35Australia30Brazil34Canada26.5Cayman Islands0China25France33.33Germany29.65Hong Kong SAR16.5India34.61Israel26.5Japan33.06Macau12Malaysia25Mexico30New Zealand28Russia20Saudi Arabia20Turkey20United Kingdom20United States40Although there are some countries that impose no corporate tax, the global average rate falls to around 23.68%. The highest regional average is in North America, with 33.25%, and the lowest in Europe, with 20.24%.CONCLUSIONCorporate tax has evolved over time and in a way has become more complex. The basic principles are generally the same around the world, but the finer details and the ways corporations must file and pay taxes can change a lot from one country to another.International tax treaties have removed some issues over corporate taxation, but different country rates have resulted in companies planning carefully where they set up. Tax planning is important for companies who want t o make sure they aren’t financially worse off and understanding corporate tax basics is an essential tool in making sure a business succeeds.

Sunday, June 28, 2020

How Many B-School Grads Go Into Consulting

Entrepreneurship is the sexy post-MBA job, but the reality is that less than 5% of grads from top MBA programs start a business at graduation. Per GMAC’s just released Prospective Students Survey Report, 34% of all graduate business students seek consulting positions after they earn their degree. My suspicion is that the figure is even higher among full-time MBA candidates. True, many will work as consultants for a few years, and then down the road start their own business. If you are in that vast mass of MBA wannabes planning/hoping for a job in consulting immediately after you earn your degree, this ranking is for you! We’ve examined US News’ top MBA programs and the number of grads who have gone into consulting from each one. (The data here is from U.S. News.) The biggest surprise is how low Stanford places on these lists. I would attribute that low ranking to the relatively high percentage  of MBAs going into entrepreneurship (approximately 18%, the highest of any of these programs by far.).   Yales placement as #1  in percentage as well as Duke Fuquas, CMU Teppers and Emorys as respectively #2,#6 and #8 on the percentage list also indicate real strength in consulting placement, which sometimes isnt recognized. Similarly Whartons #1 placement and Chicago Booths #4 spot in total numbers call into question the meme that these two programs are just finance powerhouses. Certainly a high ranking in either of these lists indicates that the program has the recruiting ties, placement track record, and alumni network, as well as the curriculum, to support your consulting goals.   However, these numbers dont  tell the full picture. Dig into the schools’ class profile, placement stats, curriculum, extra-curricular activities and opportunities to determine which schools to apply to. Ultimately you want to apply to programs that will take you where you want to go and that are likely to admit you. hbspt.cta.load(58291, '6f59af66-a942-476e-a35a-feafe5c6a5c2'); By Linda Abraham, president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

Saturday, May 23, 2020

Asian American Identity Development Model - 886 Words

RCIDM and Multiculturalism Having knowledge of the Racial/Cultural Identity Development Model will help counselors to become more culturally competent. Although we know these phases, one must be aware of the cultures that counselors will be working with and how one’s beliefs can hinder the process. The five stages of the Asian-American Identity Development Model, developed by Sue and Sue, are: The ethnic awareness stage, White identification stage, the awakening to the social political consciousness stage, redirection stage, and the incorporation stage. Asian-Americans prefer crisis-oriented, brief, and solution oriented approaches, and they are influenced by their families and culture. The fear of losing face to their peers by seeking therapy will lead them to early termination of therapy. Asian cultures are typically high context cultures in which gesture, body language, eye contact, pitch, intonation, word stress, and the use of silence are as important as the actual words being spoken in convers ation. Asians are typically polite in social encounters whereas Americans, being very low context communicators, are comfortable with very direct questions and answers and often seem abrupt to people from high context cultures. The five stages of the Black Identity Development Model, originally developed by Cross, are: The pre-encounter stage, encounter stage, immersion-emersion, internalization, and internalization-commitment. African-Americans will diminish counseling,Show MoreRelatedEssay on Racial Cultural Identity Developement Model1576 Words   |  7 PagesRunning head: RACIAL/ CUTURAL IDENTITY DEVELOPMENT MODEL Racial/Cultural Identity Development Model Ericka Ashe-Lane Troy University One of the most promising approaches to the field of multicultural counseling/therapy has been the work on racial/cultural identity development among minority groups. This model acknowledges within groups differences that haveRead MoreRace and Culture in the Literary Work of Wendy Chang and Junot Diaz1718 Words   |  7 Pagesfaced by individuals that don’t fit the â€Å"model minority†. Legal and cultural borders have been erected and have forced some in and many out of the American ideal. Wendy Chang and Junot Diaz’s work delineate the ways in which race and culture play a role in assessing and shaping American identity through the development of a hybrid culture, the institution of homeownership and the ultimately the practice of polyculturalism. In attempts to solidify a sole American entity, there are various cultural andRead MoreRacism, Religion, and Family1549 Words   |  6 PagesI can see a valid point in this definition. All three concepts help create the characteristics of individual cultures and define what types of behaviors are acceptable or taboo within these particular societies. Patterns of Interaction Chart Model Facts Examples Pluralism and Multiculturalism In Pluralism, individuals are treated as equals in a common (neutral) public sphere, (Feinberg 1996). In Multiculturalism, the public space is a meeting point where different cultures collide andRead MoreEarly Generation Vietnamese Americans : An Investigation On Attitudes1749 Words   |  7 PagesHeritage Language Maintenance in Second-Generation Vietnamese Americans: an Investigation on Attitudes Chi Phan ERE220 Spring 2017 California State University, Fresno Lit ¬erature review This study investigates the attitudes of second-generation Vietnamese Americans towards Vietnamese language maintenance. The purpose of this literature review is (1) to describe the theoretical framework of the study and (2) to analyze and summarize current research on the problem of practice. In terms of the theoreticalRead MoreRacism In Racism1248 Words   |  5 Pagesagainst Asians is increasing in American society. This trend is happening more often over the last decade. Yet, only a handful reports have documented the situation. Largely, this is due to the influence of the media. 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While Samir considers himself extremely fortunate to have been culturally influenced by his visitsRead MoreRace, Class, And Gender Roles Essay1645 Words   |  7 Pages One’s identity has the ability to play a central role in one’s schooling experience and in return, affect the way they perceive the world around them. Growing up in an Asian household located in a predominately Asian American neighborhood located in the San Gabriel Valley, I always identified myself strongly to my race and took pride in being a first generation Asian American child. Race has definitely affected my schooling experience in many different ways, both positively and negatively. In additionRead MoreRacial Identity And Development : A Construction Of Social Aspects1886 Words   |  8 Pages Racial Identity and Development Race is a construction of social aspects that refers to individuals and groups that contain certain characteristics (Cornell). 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One out of ten people living in the UnitedRead MoreIdentity and Destruction: Asian American in The Namesake by Mira Nairs Film1832 Words   |  8 Pagescause cultural and identity issues. The collision of the two cultures forms a process of trying to construct an identity and a destruction of an ethnic identity, with different factors to consider such as space and other sociocultural codes. This film about the Indian American also shows the concept of model-minority image, standards and expectations imposed to Asian Americans. The Namesake embodies the cultural and identity issues of an Asian American, particularly the Indian Americans, exemplifying

Tuesday, May 19, 2020

Management of Resources Within the Public Sector - Free Essay Example

Sample details Pages: 9 Words: 2727 Downloads: 3 Date added: 2017/06/26 Category Economics Essay Type Report Level High school Did you like this example? Management of Resources within the Public Sector Table of Contents Executive Summary 1.Introduction 2.Results 2.1 NHS Spending 2.2 Spending Review 2010 2.2.1 Table 1: Department of Health Spending Review 2010 2.2.2 Efficiency Savings 2.3 Health and Social Care Act 2012 2.4 Funding Freeze 3.Discussion 4.Conclusion 5.References Bibliography 6.Appendices 6.1 Table 1 Department of Health Spending Review 2010 6.2 Recommendations Executive Summary Since the à ¢Ã¢â€š ¬Ã‹Å"Comprehensive Spending Reviewà ¢Ã¢â€š ¬Ã¢â€ž ¢ in 2010 the National Health Service (NHS) has experienced significant budgetary constraints. Whilst the UK Government has protected the NHS budget, it is still the tightest funding settlements the NHS has ever experienced. Demand is growing rapidly as the population ages and long-term conditions become more common. Along with more sophisticated and expensive treatment options are becoming available and the cost of medicines is growing by over  £600m per year. Don’t waste time! Our writers will create an original "Management of Resources Within the Public Sector" essay for you Create order The NHS must take decisive steps to remove the barriers in how patient care is provided between hospitals, physical and mental health along with social care. The NHS could save up to  £466m a year if doctors were less likely to prescribe multiple treatments of drugs to older people. Target resources on clinical interventions that optimise health outcomes and to identify procedures that can be made more efficient. The NHS could obtain over  £2bn over the next five years by selling off surplus land and buildings, according the Department of Health. 1. Introduction This report identifies the decisions made by the British Government to reduce its National Deficit and how this will affect its Public Services. Every finical year the UK runs up a large budget deficit. This is where the UK Government spends more money than it can collect through taxation. In 2010 the UK Coalition Government set out plans for its unavoidable deficit reduction. This was an urgent priority to secure the UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic stability at a time of uncertainty in the global economy. This was to provide long term stability in its public services and its welfare Systems. According to a report published the à ¢Ã¢â€š ¬Ã‹Å"Spending Reviewà ¢Ã¢â€š ¬Ã¢â€ž ¢ (HM Treasury, 2010) the Coalition Government inherited one of the most ambitious and challenging fiscal positions in the world. The (Office of National Statistics, 2014) (ONS) commented that, Britainà ¢Ã¢â€š ¬Ã¢â€ž ¢s deficit was at its highest ever recorded in peacetime history. The state borrowed one whole p ound for every four pounds that it spent. The interest payments on UKà ¢Ã¢â€š ¬Ã¢â€ž ¢S National Debt cost the UK around  £45 Billion a year or 3% of à ¢Ã¢â€š ¬Ã‹Å"Gross Domestic Productà ¢Ã¢â€š ¬Ã¢â€ž ¢ (GDP). However, all the major political parties pledged to protect the National Health Service (NHS) from budget cuts in 2010, after a period of unprecedented growth there was a implementation of a à ¢Ã¢â€š ¬Ã‹Å"funding freezeà ¢Ã¢â€š ¬Ã¢â€ž ¢ in 2011 (House of Commons, 2010). This would be the most austere period for the NHS in over thirty years. Even with this constant funding, the rising demands from an ageing population, along with higher public expectations, meant that there was a substantial à ¢Ã¢â€š ¬Ã‹Å"funding gapà ¢Ã¢â€š ¬Ã¢â€ž ¢ to be met by improvements in productivity and efficiency. Efficiency savings are still needed. (Farrar, 2013), the chief executive of the NHS Confederation, commented on the à ¢Ã¢â€š ¬Ã‹Å"Spending Roundà ¢Ã¢â€š ¬Ã¢â€ž ¢: A lthough the health budget has been spared a reduction, it is important to remember that NHS organisations are facing significant pressures to meet growing demand and improve quality, and still need to find substantial efficiency savings. He also mentioned that: Maintaining the ring-fence for the NHS is vital, but it is also important that the health service gets to spend what is allocated to ità ¢Ã¢â€š ¬Ã‚  Therefore, long-term investment and innovation in healthcare must be seen as a key function of the UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s growth strategy and not an anchor holding it down. 2. Results 2.1 NHS Spending Funding for the NHS comes directly from taxation and is granted to the Department of Health by Parliament. When the NHS was created in 1948, it had a budget of  £437 million (around  £9bn in current value). NHS spending has continued to increase significantly, in 2003/04 the NHS budget was  £64.173bn and this drastically increased to  £109.72bn in 2013/14. Statistics show that Net expenditure of the NHS has increased by  £45.54bn between the years 2003 and 2013. Government Statistics on public spending show that NHS spending increased from  £104.405bn in 2011/12 to  £105.254bn in 2012/13. This amounts to a 0.8% rise in real terms year-on-year. In 2011/12 health spending was 0.3% higher than the previous year. In recent years, the NHS has managed to spend slightly under budget. This was not because demand for its services was reduced, but because of the use of effective mechanisms in place not to spend. Public satisfaction within t he NHS, for its staff and for its quality of care received still continues to remain very strong (Dixon, 2014). All of this has been achieved while applying a significant reform programme following the Health and Social Care Act 2012. 2.2 Spending Review 2010 In agreement with the Governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s commitment to protect public health, spending in the NHS will increase by 0.4% in real terms over the course of the Spending Review period. This will include a 1.3% increase in the resource budget and a 17% decrease in overall capital spending. The administration budget will also be reduced by 33% and reinvested to support the delivery of NHS services. 2.2.1 Table 1: Department of Health Spending Review 2010 Sourced: (Department of Health , 2010) The health reform enabled the NHS to maintain the quality of services to patients. This settlement also included: Real term increases in overall NHS funding in each year to meet the Governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s commitment to protect public health spending, with total spending growing by 0.4% over the Spending Review period (see table 1). An additional  £1bn a year for social care, as part of an overall  £2bn a year of additional funding to support social care by 2014/15. New cancer drug fund of up to  £200m a year. Expanding Increasing access to psychological therapies Maintain funding for priority hospital schemes. Capital spending to remain higher in real terms than it has been on average over the last three Spending Review periods. 2.2.2 Efficiency Savings To sustain the rising costs of healthcare and the relentless increasing demand on its services, the NHS released up to  £20bn of annual efficiency savings over the recent four years, all of which was reinvested to meet rising levels of demand and to support the improvements in. This included: Constantly improving workforce productivity. Implementing best practice throughout the NHS in the management of long term condition. Reducing inconsistencies in admissions and outpatient appointments. A 33% cut in the administration budget, including a reduction in the number of armà ¢Ã¢â€š ¬Ã¢â€ž ¢s length bodies from 18 to a maximum of 10 by the end of 2014. 2.3 Health and Social Care Act 2012 A fundamental part of the Government reforms, was the Health and Social Care Act 2012 introduced substantial changes to the way in which NHS in England was organised, improvements in the quality of social care and reform its funding. The Health and Social Care Act introduced a variety of vital changes to the NHS in England. These changes came into force on 1 April 2013 (Parliment , 2013). These changes included: Providing groups of GP practices and other professionals, known Clinical Commissioning Groups (CCGs) real budgets to buy care on behalf of their local communities. Moving many responsibilities historically located in the Department of Health to a new, politically independent NHS Commissioning Board (NHS England). Implementation of a health specific economic regulator with a mandate to guard against anti-competitive practices. Relocating all NHS trusts to foundation trust status. 2.4 Funding Freeze Recent years have been extremely challenging for the NHS, a prolonged funding freeze in real terms, implementation of controversial reforms and the mistreatment of it users and the quality of care, in particular from the Mid Staffordshire NHS Foundation Trust (Robert, Francis. QC, 2013) . This NHS funding freeze will remain in place until 2015 and possibly further beyond. Regardless of the real term increase that is usually required to deal with the rising demand and the lack new treatments not readily being available. However, in 2011, the NHS has surprisingly succeeded to survive within its means, essentially as a result of curbing the wage bill. However, this may be difficult to continue because of rise in wages in the private sector. Meanwhile, there is a lot of engagement across the NHS to increase efficiency whilst protecting the quality of care (Dixon, 2014). 3. Discussion Since the implantation of the National Health Service (NHS) in 1948, the NHS has grown to become the worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s largest publicly funded health service. It has also become one of the most efficient and comprehensive health services. The NHS was created out of a long-held ideal that good healthcare should be readily available to all, regardless of wealth. This is still a fundamental principle that remains at the NHS core. With the exception of some charges such as prescriptions and dental services, the NHS remains free to any UK resident. There are currently more than 63.2m people requiring this service. It covers everything from routine treatments, to transplants, emergency treatments and end-of-life care (NHS England, 2014). The NHS deals with over 1 million patients every 36 hours. The healthcare system is facing the challenge of significant financial pressures. As individual needs for services will continue to grow faster than the funding ità ¢Ã¢â€š ¬Ã¢â€ž ¢s al located. Therefore the Department of Health must innovate and transform the way in which they deliver their high quality services, within the resources available. To ensure that patientà ¢Ã¢â€š ¬Ã¢â€ž ¢s needs, are always put first. The NHS has gone through several vital changes in recent years. Such as; Increased levels of investment and reduced waiting times. Ongoing developments include the expansion of patient choice and the introduction of academic health science centres (AHSCs), first of which is the Imperial College Healthcare NHS Trust (NHS Trust, 2013). The UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s Government has identified a number of opportunities to cut costs in the NHS whilst protecting its frontline services. These include limiting its staffs pay and pensions, cutting back office management, the selling of assets, rationalising procurement and drugs purchasing. There are numerous discussions about value for money in the NHS (House of Commons, 2010). The Secretary Of State Jeremy Hunt (MP) (Department of Health , 2014) has overall responsibility for the function of the Department of Health (DH). According to Hunt the NHS must save up to  £10bn a year by 2020 by diminishing its use of agency staff and management consultants, selling off unused property and reducing clinical mistakes, the health commented: à ¢Ã¢â€š ¬Ã…“If we are to be truly financially sustainable we need to rethink how we spend money in a much more fundamental way.à ¢Ã¢â€š ¬Ã‚  A report published by Hunt the NHS Englandà ¢Ã¢â€š ¬Ã¢â€ž ¢s blueprint for the health service (National Health Executive , 2014), which identified the need for a greater use of technology and innovation to improve patient healthcare in the NHS whilst delivering cost savings the public sector. These reductions in the annual budget of  £110bn will be assisted by an increase in innovation, according to Hunt. The health secretary also commented that a reduction in prescription errors could save the NHS up to  £551m a year, whilst selling off some of the NHS unused land and buildings could create significant savings, including  £1.5bn in London alone. Targeting agency staffing bills which have significantly increase from  £1bn to almost  £2.5bn. Guidelines set out in the report à ¢Ã¢â€š ¬Ã‹Å"Everyone Counts: Planning for Patients 2014/15 to 2018/19à ¢Ã¢â€š ¬Ã¢â€ž ¢ illustrate how the NHS budget is invested, to drive continuous improvement, to maintain high standards of care for all. The NHS is driven by quality in all that they do. It can no longer accept a minimum standard of care as acceptable. According to the Chief Nursing Officer for England Jane Cummings, practical application of technology on the front line will enable NHS nurses and other health workers to concentrate on what is important, providing meaningful and compassionate care to its patients (NHS England, 2014). Becoming more efficient with data and technology could have the potentia l to create a substantial difference to patients, whilst enabling best value for taxpayers. 4. Conclusion The  £10bn of savings announced by Jeremy Hunt are realistic, however it will take up to five years to deliver these savings. It is imperative that the debate starts now and the NHS needs to look at where efficiency savings can be made, and to focus on clinical care and not just the back office jobs. The big question is whether these efficiencies can be made soon enough to reduce the requirement of unpopular cuts to health services. The NHS needs to ensure that accesses to all of its services are on an equal footing whether the patientà ¢Ã¢â€š ¬Ã¢â€ž ¢s needs are mental or physical. They must innovate the way they in which they provide care for the most vulnerable users excluded from society. However, high quality is not just an aspiration. There is urgency to plan strategically and to start making these changes that are required to deliver models of care that will be sustainable in the longer term. Therefore, the discussion remains about how the NHS will cope with a contin ued freeze on its overall funding. There is tension between national co-ordination and local decision making in the NHS about value for money. The NHS should try an implement a top-down best practice or it should let innovation and efficiency come from local decision making and accountability, with an acceptance of locally diverse provision. 5. References Bibliography Department for Health , 2014. Everyone Counts: Planning For Patients 2014/15 to 2018/19, London : NHS England . Department of Health , 2010. Spending Review 2010. [Online] Available at: https://webarchive.nationalarchives.gov.uk/+/www.dh.gov.uk/en/mediacentre/pressreleases/dh_120676 [Accessed 6 November 2014]. Department of Health , 2014. Secretary of State for Health, London : Department of Health . Dixon, J., 2014. How much longer can the NHS live within its means?. Guardian Professional, 1(1), pp. 01-02. Farrar, M., 2013. NHS Confederation and NHS Employers comment on the Comprehensive Spending Review, London: NHS Confederation . HM Treasury, 2010. SPENDING REVIEW 2010, London: Her Majestyà ¢Ã¢â€š ¬Ã¢â€ž ¢s Stationery Office. House of Commons, 2010. Key Issues for the New Parliament 2010, London: House of Commons Library Research. Imperial College Healthcare, 2014. About the NHS. [Online] Available at: https://www.imperial.nhs.uk/nhs60/about_the_NHS/inde x.htm [Accessed 5 Novemeber 2014]. John Appleby, J. T. J. J., 2014. How is the NHS, London: Department of Health. National Health Executive , 2014. NHS Finance. Hunt calls on NHS to deliver  £10bn a year efficiency savings, 14 November, pp. 1-3. NHS England, 2014. About the National Health Service. [Online] Available at: https://www.nhs.uk/NHSEngland/thenhs/about/Pages/overview.aspx [Accessed 5 November 2014]. NHS England, 2014. Health and social care leaders set out plans to transform peopleà ¢Ã¢â€š ¬Ã¢â€ž ¢s health and improve services using technology. News, 13 November , VII(10), pp. 1-4. NHS Trust, 2013. Spending Review 2013 à ¢Ã¢â€š ¬Ã¢â‚¬Å" key points for the NHS, London : NHS . Office of National Statistics, 2014. EU Government Deficit and Debt, London: ONS. Parliment , 2013. Health and Social Care Act 2012, London : The Stationary Office. Robert, Francis. QC, 2013. Report of the Mid Staffordshire NHS Foundation Trust Public Inquiry, Staff ordshire: The Mid Staffordshire NHS Foundation Trust. 6. Appendices 6.1 Table 1 Department of Health Spending Review 2010 Source: Department of Health , 2010. Spending Review 2010. [Online] Available at: https://webarchive.nationalarchives.gov.uk/+/www.dh.gov.uk/en/mediacentre/pressreleases/dh_120676 [Accessed 6 November 2014]. 6.2 Recommendations The NHS must take decisive steps to remove the barriers in how patient care is provided between hospitals, physical and mental health along with social care. The future of the NHS will need to provide greater care, delivered locally, but with some services provided by specialist centres. This should be organised to support people with multiple health conditions. The NHS wastes around  £2bn a year and risk patientà ¢Ã¢â€š ¬Ã¢â€ž ¢s health by giving them excessive x-rays and treatments they do not require. The NHS could save up to  £466m a year if doctors were less likely to prescribe multiple treatments of drugs to older people. This can create adverse drug reactions, which account for 6% of all hospital admissions, which amounts to 4% of all hospital bed being used. With future restrictions on NHS funding, another recommendation is to try to target resources on clinical interventions that optimise health outcomes and to identify procedures that could be made more efficient. The Kingà ¢Ã¢â€š ¬Ã¢â€ž ¢s Fund (John Appleby, 2014) has suggested money could be recovered by reducing the length of stay in hospitals and using lower cost drugs. The Department of Health estimates that nearly 8% of NHS land is underused, which could help to raise some  £2.5bn, equivalent to 50,000 nurses, between now and 2016.The Government has announced plans to sell off surplus land to boost health service funds. To modernise the NHS and to improve its efficiencies, the health service needs to be proactive and identify land that is no longer required or needed. This revenue raised from surplus land could be used to improve patient care. 1