Strategic Financial Management Essay Example | Topics and Well Written Essays - 1500 words

Vital Financial Management - Essay Example Thus, money can be deciphered as backbone of business (Emmanuel, 2010, p.32). Account likewise helps the administration during the time spent controlling, arranging, dynamic, assessment and execution evaluation and so forth. Accordingly, the board must control and plan its money related exercises to build up a development arranged hierarchical (Collier, 2003, p.42). So as to execute operational exercises, organizations needs to speculation for different purposes like capital ventures and operational speculations, and in this procedure it is exceptionally important to assess execution of speculations. There are some monetary methods which are extremely useful in assessing the presentation of speculations like capital planning and proportion examination (Williamson, Cooke and Jenkins, 2003, p123). This paper will endeavor to introduce different procedures of capital ventures and undertaking evaluation for a business association. From the start, significance and comprehension of capital examination methods will be clarified. The following segment will introduce brief depictions of different undertaking and capital speculation strategies. At long last, the end will summarize the whole conversation and examination. Capital venture and Project Appraisal Since most recent two decades, there have been noteworthy changes in the field of fund and its different strategies. The cutting edge associations are utilizing various money related speculations, models, and devices for upgrading the monetary exercises. The primary explanation for this improvement is the expanding scholastic concern. Consistent development in monetary administration strategies has encouraged the budgetary related exercises. Furthermore, administrators need to take choices for assignment of assets in capital ventures (Chadwick, 1993, p.143). Subsequently, the quantitative presentation evaluation strategies have likewise been altered and these procedures have gotten progressively precise and productive to quantify the viability of capital ventures. The board or the leaders need to comprehend the significant of choice hypotheses to understand the need of dynamic speculations. As per Rapoport (1989), â€Å"decision hypothesis manages circumstances in which at least one entertainers must settle on decisions among given alternatives† (Serfas, 2010, p.16). Before clarifying different strategies for capital venture evaluation, it is important to comprehend the significance of capital speculation examination for a business association. The dynamic procedure for venture is important as it help the executives to decide the future productivity of any task or capital speculations. Michael Pogue characterized speculation choice as â€Å"involving the organization making money expense with the point of accepting future money inflows† (Pogue, 2010, p.10). Subsequently, the procedure of venture dynamic ought to experience a legitimate stages for improving its adequacy. The Institu te of Charted Accountants has characterized four fundamental stages in this procedure. These are â€Å"origination of proposals†, â€Å"project screening†, â€Å"and investigation and acceptance† and â€Å"monitoring and audit (Institute of Charted Accountants, 2008, p.278). While settling on a venture choice of undertaking examination, it is important to consider different parts of money to create pertinent and precise choices. There are sure full scale and miniaturized scale monetary elements that must be considered in

Research Change Models, Diagnosis Instruments, and Specific Change Assignment

What is Company-Owned Life Insurance - COLI

What is Company-Owned Life Insurance - COLI Corporate owned life insurance which is also known as “dead peasant insurance” is the life insurance that is purchased by a business on the life of an employee.The employee is the subject of insurance (insured) while the business or employer is the beneficiary.If the employee that is insured dies, his employer will receive the death benefits from the insurer.Even when the employee leaves the company, that particular company will still remain the beneficiary. Company-owned life insurance can be written for a group of workers or one worker as the case may be.This is no surprise as stats reveal a rise in unexpected employee deaths. Hence, firms seek to protect their business due to the effects of losing important staffs. Source: YouExecThe Corporate-owned life insurance was formed to protect the business from the effects that the deaths of executives and employees who are vital to the operation of the company.When employees who play vital roles in a business dies, the business may face a lot of challenges and it will take a while for the business to adjust to the absence of this valuable employee, this insurance enables the company to weather the storm and get back on their feet.Companies believe that the more important a person is and the role he plays in the organization, the more difficult it will be to replace the person when he dies.The insurance policy will enable the company to foot the bill of finding a replacement for the deceased staff.This is the major reason why Company-owned life insurance is commonly used for the top executives of a firm. These executives are harder to replace than other regular employees.Certain people think that it is inappropriate for a business to cash in or benefit from the death of an employee especially when some employers take advantage of this to exploit tax loopholes.But companies believe that it is just seeing that the demise of a top employee or executive can put the company in a tight spot.The companies dont consider this to be taking undue advantage of the death of the employees, it is however considered to be a way of ensuring that the finances and smooth running of the company are not affected by the death of an employee.If the companies have to bear the cost of replacing dead employees from the pocket of the company, it may affect the finances of the company either immediately or in the long run especially when the loss of more than one top executive is experienced within a short time frame.PURPOSE OF COLIThe original aim of the adoption of the Company-Owned Life Insurance was to hedge against the financial costs that came about as a result of the loss of life of key employees and the risk of recruiting and training the replacemen ts for the deceased key employees.COLI can be utilized to generate income for organizations which is then used to offset the benefits costs that spill over to the income statement. These death proceeds, which are gotten tax-free, can be used to recover expenses related to offering benefits. Source: Fulcrum PartnersIt was also aimed at finding corporate obligations to redeem stock when the owner of a business dies.When employees are being hired a part of the requirements for the firms that adopt COLI is that the employee has to write a written consent to the insurance policy.Presently, the benefits from COLI can be paid to the family of the employees directly, but the company paying the premiums has the right to legally deduct from the earnings and the corporate profits.Most people think that company-owned life insurance is the same as additional insurance coverage of companies which is geared at protecting the employees and their families.Under the insurance coverage of companies, the family of the insured staff is the beneficiary of the benefits of the insurance but with the corporate-owned life insurance, the business are the beneficiaries of the insurance benefits.As stated earlier, the company owned life insurance is required to enable the organization to pay for th e cost of finding a replacement for a valuable employee who dies.Most often this replacement process can be expensive and the insurance benefits will enable them to pay for the cost incurred without taking from the companys account.Another reason is that the benefits from the insurance will provide a way for the company to earn additional income which usually exceeds what the company pays in premiums.HOW DOES COLI WORK? To further understand what COLI entails; it is important to know how it works.Company-Owned Life Insurance consists of two major parts namely: the cost of insurance and the cash value.The cash value is the savings element (i.e. funds invested in assets such as stocks and bonds) of the policy while the cost of insurance consists of the amount that will be paid for the death benefit and the administrative expense.The savings element of the cash value can be held in a general account or a separate account. When it is in a separate account, the policy holders control the assets and can decide on how to allocate the funds.When the value of the underlying assets changes; the value of the savings portion also fluctuates.On the other hand, when the company-owned life insurance is set up with a general account, the control of the assets is in the hands of the insurer, it is the insurer that will decide on how to allocate money among the assets held, he also is responsible for the declaration of the yearly application rate of return.TYPES OF COLIThere are two types of Corporate-Owned Life Insurance.The two types have varying modes of operation and they also have different advantages and disadvantages.1. Superheated AccountThe first type is the superheated account where professional brokers invest the cash value; the account holder is responsible for the risks of the investment.2. The General AccountThe second type is the general accounts where the insurance company in a general portfolio is responsible for investing the cash values of the policies.The in surance company is responsible for the risks of the investment.Before choosing which type to implement, the firm will examine the pros and cons of the two types and they will choose the one that serves the needs of the organization.FORMS OF COLIThere are also two forms that the company-owned life insurance takes.The first is key person insurance while the second is split-dollar life insurance.1. The Key Person InsuranceUnder the key person insurance, the company is compensated for the loss of a key person such as the president or a partner. Life or disability benefits are also provided under key person insurance.2. The Split-dollar Life InsuranceThe split-dollar life insurance, however, involves the splitting or sharing of the premium, the cash value of benefits of the insurance between the employee and the company.There are various options available under the split-dollar life insurance, for example, all the death benefits of an employee can be paid to the beneficiaries of the empl oyee or the company can receive the cash value of the amount it paid in premiums.IMPORTANCE OF COMPANY OWNED LIFE INSURANCEBelow are the importance of Company Owned Life Insurance:1. It Gives the Company a Cash ReserveWhen a company purchases company-owned life insurance, it buys the traditional death benefit coverage amount while giving the company insurance coverage that can compensate the company for the loss of a valuable employee or executive.The cash value of the policy enables the company to have access to funds that it can use to expand the business. The cash value from the insurance can become a saving from the company which will be used to carry out other business operations.2. It Gives the Company Access to a Lower Premium Cost and Higher Cash ValueHaving COLI gives a company the advantage of having good pricing on premiums.If the company is buying cash policies it can be offered as special policies that are designed to generate cash value quickly and easier than other po licies.These policies are designed to show the cash value of the policy as an asset to the account books of the company especially in the early years of the policy.3. Companies can use it to Retain Employees Having a company-owned life insurance is often very enticing to employees especially since it gives them access to enjoying the benefits of group term coverage.If an employee is concerned about the commitment of his employer to provide benefits and compensation over his salary, he can be retained in the company when the employer offers him COLI this will boost confidence in the company.Some companies use this as a competitive advantage to keep the best employees in their company.4. Pre-tax Premium PaymentsCompanies can make pre-tax premium payments on behalf of the employees on a pre-tax basis.This gives the employees and the company the ability to buy more life insurance that they would legally buy if they were operating a private policy.Organizations make use of the Company-Ow ned Life Insurance to soften the blow that taxes place on the finances of the organization. They are used to offset the costs of the expensive benefit packages of employees.It is, however, important to note that the company-owned life insurance does not hinder or replace the personal insurance that the employees have.The company-owned Life Insurance benefits the company more than the employee; it doesnt really benefit the insured person or help his loved ones to pay the debts or final expenses he leaves behind so it is important that the employees have personal insurance which will be offered through the employer.BACKGROUND OF COLI As already seen COLI can be gotten on a group or individual basis, and the company generally becomes the owner, beneficiary, applicant and premium payer of the policy.This is because the organization pays the premiums by itself and acquires all the benefits.The individuals or the employees actually insured do not get any of the benefits. Hence, COLI isn†™t for employee benefit. It is usually mistaken for group life insurance which employers offer their employees.COLI take’s on numerous forms. Originally, narrow-based services termed key man insurance were utilized by organizations as a means to protect themselves against the effect of the death of important employees who are costly or especially difficult to replace.Whats more, it was also used for the insurance of the life of top-level executives.Other similar uses of narrow-based COLI services include the financing of deferred compensations for important employees or individual stock redemption agreements.Based on news reports, some organizations, have acquired broad-based COLI services that do not just cover important employees, but for most or all of their employees.This particular application of COLI principles was developed to create a funding source for various other purposes of an organization, such as supplemental pensions, broader employment related perks like retiree h ealth plans, and executive benefits.The use of company-owned life insurance to pay for retiree medical perks is largely linked to the promulgation of Financial Accounting Standards Boards  statement 106 ( FASB 106)Under this statement post-retirement benefits, such as the retiree medical benefits, must be recognized as a cost due to the fact that they are acquired over the employee’s entire working lifetime, rather than like a payment after retirement.If these benefits arent funded in some way, they develop into an expanding balance sheet liability.The Company-owned life insurance benefits accruing to an organization from the death payouts of workers and the tax-free buildup within the policies can be utilized to develop a balance sheet asset that the organization can use in order to offset liabilities and finance the retiree benefits cost.Individuals who support the use of COLI to pay for such retirement benefits costs, state that without the presence of such funding, a lot of c ompanys would have to discontinue that retirement medical benefits.CRITICISMS OF COLIHowever, critics are on the opposite side of the line, stating that the organizations should not make profits from the deaths of low ranking employees. These critics have termed COLI as dead peasant insurance or janitors insurance.Criticisms are also on the issue that although organizations claim to utilize COLI for the purpose of financing employee benefits, there are no regulations of how it is done, as there are for the Employee Retirement Income Security Act benefit plans (ERISA).Whats more, ERISA also makes provisions for tax-preferred investments for employee funding benefits.Even though company-owned life Insurance isnt well known, it has pulled the attention of both the print media and film. In the month of April 2002, a three-part series was initiated by the Wall Street Journal termed the Janitors Insurance- Profiting from Employees Deaths.The articles were extremely critical of COLI and c alled out numerous organizations that had allegedly put in billions of dollars into the company-owned life insurance policies insuring a large number of employees.After the Wall Street Journal articles, other major press co-operations, like the Washington Post, released articles which were critical of BOLI and COLI.  In May 2009 the Wall Street Journal again focused on COLI, reporting on bank filings which reported their utilization of COLI.Whats more, in 2008, banks reported COLI totaling up to $122.8 billion. Asides from this COLI pulled public attention due to how the heavy criticisms it received in Capitalism: A Love Story, a Michael Moore Movie.BANKS AND COLIWhen a bank purchases COLI policies, it is sometimes termed as bank-owned life insurance (BOLI). The Comptroller of the Currency (OCC), in 1996, outline general guidelines for banks in the United States to ascertain that BOLI purchases are consistent with safe banking practices.The OCC stated that buying BOLI is incidental to banking, therefore, making it legally acceptable, if it is useful or convenient in relation to the conduct of the banks business.The office of the Comptroller of the Currency guidelines particularly makes emphasis on the fact that national banks are allowed to use COLI as a cost recovery vehicle or as financing for post-retirement employee benefits.Also, that the COLI value is an organizational asset even after the severance of the employee and employer relationship.Furthermore, it states that employees do not have interest in COLI other than their claim that the organizations assets arise from the banks obligation to offer the stated benefits.LEGISLATIVE PROPOSALSThe Life Insurance Employee Notification Act (H.R.130) was introduced on January 5, 2011, by Representative Gene Green. The aim of this bill was to require that the employee is notified of COLI. This includes the beneficiary of the policy, the benefit amount and violating this would result in unfair trade practice.Thes e requirements were to be enforced by the Federal Trade Commission (FTC). This legislative proposal is quite similar to the Pension Protection Act limitations of 2006.However, these requirements are to be enforced by the FTC and not the Internal Revenue Code as is the case of fur Pension Protection Act limitations.PREVIOUS LIMITATIONS ON COLI The 2006 Pension Protection Act was inclusive of additional tax-code requirements with the aim of ensuring the COLI policy enjoys the normal tax positives of life insurance.These specific requirements stated that these policies have to rest on highly compensated personalities or directors and that all insurance employees have to be notified and give written consent in the same period the life insurance is acquired.The phrase highly compensated employees are inclusive of any worker who gets payouts in the top 35% of the organization. Organizations were also demanded to file yearly returns with the Secretary of the Treasury with details of their utilization of the COLI policies.Keep in mind, however, that the information of these returns is just as confidential as any tax information. The recent interest in COLI is mainly due to the recent congressional focus on insurance.Since 1986, the tax benefits of company-owned life insurance in relation to on tax deductibility of COLI related to loan interest has been under limitations by legislation.In 1986, the Congress slated a deductible interest for all indebtedness which exceeded $50,000 for each singular contract.Only loan interests which were related to policies bought after the 20th of June 1986, were covered.It has been stated that the organizations reacted to this limitation by broadening their specification of life insurance benefits from the executives to regular employees.This, in turn, generated more COLI-related loans, however at the capped amount.Congress in 1996 passed legislation that totally eliminated (inclusive of a phase-out rule) all interest deduction for pol icy loans which cover officers or employees except for important personalities.Going even further, Congress capped the deductible interest rates on top executives and also the pre-1986 contracts which were hinged on the typical corporate bond rate.Certain business responded by proposing to broaden the coverage of life insurance contracts as well as related tax-advantaged loans in order to cover customers and mortgagors specifically.In 1997 Congress addressed this particular reaction by placing more limitations on interest expense deductions.The 1997 ruling required that all interest deductions be diminished via pro-rata calculations based on the cash value ratio of an organizations life insurance policy to the total assets of the corporation.Nevertheless, policies for directors, employees, owners, and officers were removed from this calculation, which suggested that the 1997 change was aimed at addressing particular policies, like those covering borrowers.This approach produced the effect of preventing the interest deduction for cases like lender policies which cover mortgagors.Adding to the increased limitations Congress forced on company-owned life insurance interest deduction, the IRS as well, successful embarked on several cases which were considered to be a play of the system.Furthermore, the Internal Revenue Service provided a settlement initiative with the aim of encouraging the disclosure of shady transactions as well as to cause payment of a part of the presumed tax liability.CONCLUSIONThe company-owned life insurance is utilized extensively by numerous organizations to aid them in achieving their financial goals.Based on various industry surveys, 75% of Fortune 1000 corporations have running COLI programs. Whats more, of the 50 leading banks and thrift institutions in America, 43 of them have gotten Life Insurance.A lot of organizations are currently purchasing Company-owned life insurance policies.Presently, major companies engaged in purchasing COL I include: Citi Baker, Bank of America, Win-Dixie, Walt Disney, American Electric Company, Morgan Chase, Wells Fargo, Procter and Gamble, Dow Chemical and numerous others.

UIUC Acceptance Rate, SAT/ACT Scores, GPA

The University of Illinois at Urbana-Champaign is a public research institution with an acceptance rate of 62%. The flagship campus of the University of Illinois system spans the twin  cities  of Urbana and Champaign. UIUC consistently ranks among  the top public universities  in the country. The school boasts over 47,000 students and 150 different majors, and is well known for its outstanding engineering and science programs. UIUCs strengths in the liberal arts and sciences earned it a chapter of  Phi Beta Kappa. Illinois has the largest university library in the U.S. outside of the  Ivy League. Along with strong academics, UIUC is a member of the  Big Ten Conference  and fields 19 varsity teams. Considering applying to The University of Illinois at Urbana-Champaign? Here are the admissions statistics you should know, including average SAT/ACT scores and GPAs of admitted students. Acceptance Rate During the 2017-18 admissions cycle, UIUC had an acceptance rate of 62%. This means that for every 100 students who applied, 62 students were admitted, making UIUCs admissions process competitive. Admissions Statistics (2017-18) Number of Applicants 39,362 Percent Admitted 62% Percent Admitted Who Enrolled (Yield) 31% SAT Scores and Requirements University of Illinois Urbana-Champaign requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 63% of admitted students submitted SAT scores. SAT Range (Admitted Students) Section 25th Percentile 75th Percentile ERW 600 700 Math 620 780 ERW=Evidence-Based Reading and Writing This admissions data tells us that most of UIUCs admitted students fall within the top 20% nationally on the SAT. For the evidence-based reading and writing section, 50% of students admitted to UIUC scored between 600 and 700, while while 25% scored below 600 and 25% scored above 700. On the math section, 50% of admitted students scored between 620 and 780, while 25% scored below 620 and 25% scored above 780. Applicants with a composite SAT score of 1480 or higher will have particularly competitive chances at UIUC. Requirements UIUC does not require the SAT writing section or SAT Subject tests. Note that UIUC does not superscore, but the admissions office will consider your highest score in each section when evaluating your application. ACT Scores and Requirements The University of Illinois at Urbana-Champaign requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 63% of admitted students submitted ACT scores. ACT Range (Admitted Students) Section 25th Percentile 75th Percentile English 26 34 Math 25 32 Composite 26 32 This admissions data tells us that most of UIUCs admitted students fall within the top 18% nationally on the ACT. The middle 50% of students admitted to UIUC received a composite ACT score between 26 and 32, while 25% scored above 32 and 25% scored below 26. Requirements Note that UIUC does not superscore ACT results, but will consider your highest individual score in each category as well as your ACT composite score. The ACT writing section is not required but is recommended for students applying to UIUCs Teacher Licensure Program. GPA In 2018, the middle 50% of The University of Illinois at Urbana-Champaigns incoming class had high school GPAs between 3.38 and 3.90. 25% had a GPA above 3.90 and 25% had a GPA below 3.38. These results suggest that most successful applicants to UIUC have primarily B grades. Self-Reported GPA/SAT/ACT Graph University of Illinois at Urbana-Champaign Applicants Self-Reported GPA/SAT/ACT Graph. Data courtesy of Cappex. The admissions data in the graph is self-reported by applicants to The University of Illinois at Urbana-Champaign. GPAs are unweighted. Find out how you compare to accepted students, see the real-time graph, and calculate your chances of getting in with a free Cappex account. Admissions Chances The University of Illinois at Urbana-Champaign  (UIUC) has a competitive admissions pool and is one of the top-rated public universities in the country. UIUC students tend to be particularly strong in math and science because of the universitys many strengths in STEM fields. The great majority of admitted students had GPAs above a 3.0, and your chances will be best if you are a solid A student. However, UIUC has a holistic admissions process involving other factors beyond your grades and test scores. A strong application essay can strengthen your application, as can participation in meaningful extracurricular activities and a rigorous course schedule. Students with particularly compelling stories or achievements can still receive serious consideration even if their test scores are outside of UIUCs average range. As the scattergram above reveals, students who get into UIUC tend to have relatively strong GPAs and test scores. The blue and green represent accepted students, and most of them had a high school average of B or higher, an ACT composite score of 20 or higher, and a combined SAT score (ERWM) of above 1050. The chances for admission increase as those grades and test scores go up. Note that there is very little red (rejected students) in the upper right corner of the graph. All admissions data has been sourced from the National Center for Education Statistics and The University of Illinois at Urbana-Champaign Undergraduate Admissions Office.

The Insider Secrets for Free Samples of Classification Essay

The Insider Secrets for Free Samples of Classification Essay It's impossible not to shed the major point and logical stream of ideas without having a writing plan. A creative outlet is, for a lot of people, a great way to discover what they defines them. Our writers are specially vetted and trained to make sure they work diligently to fulfill all your requirements. It is a distinctive dance form for the reason that it allows dancers to move freely when using the entire body to reflect their personalities through dancing. There's no topic too tricky for our experts. As an example, popular inventions could possibly be classified in accordance with their significance to the humankind. The primary purpose of such investigation is to divide the entire information into various categories and analyze them to come to the correct conclusion. Classification of the assorted kinds of hobbies shall be discussed below. Ensure you describe or define every one of your categories. You may wish to develop something that has definite categories to permit for comparison, but you'll also need to prevent topics with too many categories. The categories have to be exhaustive. Whatever They Told You About Free Samples of Classification Essay Is Dead Wrong...And Here's Why Especially, the job of a biomedical equipment technician is surely significant since they help to keep the health equipment functional at all times. Don't hesitate to select any document you require. Their constant research increases the founding of new medicine and much better manufacturing processes. Ideas, Formulas and Shortcuts for Free Samples of Classification Essay Together with the topics, you'd discover loads of papers at no cost. You might also want to suggest more research or comment on things that it wasn't possible that you discuss in the paper. Then select the whole topic you desire to write about. Some topics may have several possibilities, and so you will want to choose which angl e you're approaching it from. The Key to Successful Free Samples of Classification Essay Start looking for examples which provide a regular representation of the class. You should also supply relevant examples. Essay examples are valuable for several reasons including the simple fact you will be in a position to observe the structure of a finished product, you will have the ability to know just what you're striving to recreate, and you are going to be able to rest assured that you're working through the procedure properly. You should offer several illustrative examples. One of the very first things to think of when learning how to compose a classification essay is the structure. After you have decided on the topic for a classification essay and have studied it with distinct strategies of writing, you should be prepared to compose the very first draft. There's no ideal solution on the best way to compose an effective essay. There are plenty of actions to keep in mind when c reating an excellent classification essay. At our essay assistance, essays are always delivered in a brief moment. Make certain you learn how to compose a classification essay. Writing a classification essay is a task that demands delicate strategy and considerable work. A classification essay on friends is not too difficult to write. The simplest way to learn the sort of an essay is to realize the writer's point of view. Decide what type of essay that you need to write. An excellent essay is always based on an ideal outline which necessitates great work and time to be written in a great way. When it has to do with completing a professionally written essay, there are a great deal of unique elements to the process that you will need to think about. Whispered Free Samples of Classification Essay Secrets No paper written for a different client is used for a different customer. For instance, a PDF file is going to be noted PDF in the search engine. It is quite a practical tool.

Micro Baterial Morphology Lab Free Essays

Bacterial Morphology Part 1: Viewing Prepared Slides of Common Bacterial Shapes Familiarize yourself with each morphological type to use as a comparative tool for the remainder of the activity. Record your observations. Part 2: Disinfecting Your Area to Use Live Organisms: Part 3: Viewing Live Organisms – Wet Mount Preparation There was several amoeba shaped cells that varied in size. We will write a custom essay sample on Micro Baterial Morphology Lab or any similar topic only for you Order Now There were five somewhat darker areas that were circular in shape. There were also three large, oddly shaped areas that had very distinct edges. Part 4: Direct Staining: Slide One: There were two clusters that were fairly easy to recognize. All of the cells were cocci. Some of the cells were large while others were practically nonexistent. Slide Two: There were different layers of cells. The cells were rectangular in shape and varied in size. A nucleus was visible in each cell. Slide Three: This slide was a mixture of different shapes. Nothing was recognizable. Part 5: Indirect Staining: Chains of both cocci and bracillus cells were both visible and identifiable. The chains varied in length. The cheek and yeast smear was clearer. The same shapes were seen as before just with sharper outlines. The cells were much easier to see with more detail. Questions: A. What are the advantages of using bleach as a disinfectant? The disadvantages? The advantages of using 70% alcohol? The disadvantages? B. List three reasons why you might choose to stain a particular slide rather than view it as a wet mount. C. Define the following terms: †¢Chromophore: †¢Acidic Dye: †¢Basic Dye: D. What is the difference between direct and indirect staining? E. What is heat fixing? F. Why is it necessary to ensure that your specimens are completely air dried prior to heat fixing? G. Describe what you observed in your plaque smear wet mount, direct stained slide, and indirectly stained slide. What were the similarities? What were the differences? H. Describe what you observed in your cheek smear wet mount, direct stained slide, and indirectly stained slide. What were the similarities? What were the differences? I. Describe what you observed in your yeast wet mount, direct stained slide, and indirectly stained slide. What were the similarities? What were the differences? J. Were the cell types the same in all three specimen sets: yeast, plaque, and cheek? How were they similar? How were they different? How to cite Micro Baterial Morphology Lab, Essay examples

When the Time to Grow into a Professional Comes Trying out as a Volunteer in a Charity Shop. Experience and Lessons Learned

In the given paper, the outcomes of my practice as a volunteer for a charity shop called North London Hospice are discussed. After my work as a volunteer has been done, the necessity to take a look back and evaluate the lessons learned appears. Hence, the given paper summarizes the learning outcomes and suggests the possible ways of my further development as a professional. In the given report, such methods as sampling and qualitative analysis have been used to produce accurate and objective data.Advertising We will write a custom report sample on When the Time to Grow into a Professional Comes: Trying out as a Volunteer in a Charity Shop. Experience and Lessons Learned specifically for you for only $16.05 $11/page Learn More In the course of the analysis, it turned out that my skills as a manager have grown, as well as communication skills. An important experience in how theory is put into practice, the work in the charity shop has allowed for more opti ons concerning my professional growth. Speaking of the charity shop and its policy, I could recommend that it should introduce the model of transactional leadership for more efficiency. When the Time to Grow into a Professional Comes: Trying out as a Volunteer in a Charity Shop. Experience and Lessons Learned Introduction: Welcome to the Charity Shop Specializing in Management, I was supposed to undergo a practical course in a specific organization. I chose a charity shop called the North London Hospice. Working there for relatively short time, I learned much about the job of a manager, which has shaped my idea of a retail manager’s functions a lot. History and background, intentions and hopes It the help of the SMART framework, the experience at the North London Hospice is going to be assessed. The SEEC framework is going to be used for evaluation. Aim and the key objectives: what management means The goal of the given paper is to evaluate the acquired experience and to draw conclusions concerning its significance. In addition, the given report considers the alternative solutions for some of the considered problems and draws the outline for further training. Methodology: creating the theoretical foil To evaluate the acquired experience, the method of qualitative analysis is applied in the given paper (Guest MacQueen, 2008). Analyzing experience, achievements and failures at the North London Hospice, I will be able to define the course of my further professional growth.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Getting Down to the Basics: The Valuable Experience Retail industry and its many faces Though the North London Hospice is doubtlessly a charity organization, which is based on completely voluntary work, it also has to face the economical and financial complexities that most organizations do. Therefore, the specifics of retail industry are no long er a closed book for me. Such retail skills as the ability to understand the market and to access it easily are crucial for me as a professional. In addition, I have mastered the specifics of till system and its application. I have also learned what knowledge and skills the process of stock preparation requires, which will, doubtlessly, help me in my future work. Job satisfaction as the key ingredient of a perfect work However, soon after I started working in the North London Hospice I realized that money, no matter how preach that might sound, is not the only issue that matters in the choice of a job. It is clear to me now that job satisfaction is also a crucial aspect of being an employee, and that without the given component, becoming a successful professional is impossible. Personal development: feeling a dignified and skilled professional Another important aspect of being a part of a company, even a charity shop, is the sense of dignity that it gives. After the experience ends, one can feel that his/her professional skills have improved and that (s)he has finally seen the practical application of the management theories. Though the given experience was relatively short, I can still say with certainty that it helped me polish the skills that I had already had by that point, as well as acquire new ones. Lone-term benefits: the acquired skills as the opportunity to develop Needless to say, the experience in the North London Hospice also helped me grow as a professional. As it has been mentioned above, I have learned much about the specifics of the retail business. Understanding the processes behind the retail industry and, which is even more important, knowing how to make these processes run smooth will definitely help me become even more competent in my job. Evaluating the Results: What Has Been Learned Professional skills: everything an expert needs In a broader sense, the retail industry information mentioned above also helped me understand the specifics of a job of a retail manager from the prospect of a theory of knowledge. Coming in handfuls every day, new information has to be processed and used in the production process. Therefore, the work in the charity shop also taught me to make efficient use of the available information by learning to unite information with the context (Syed, 2011, p. 104) Problem-solving: when it is necessary to think fast and efficiently Another important skill was the ability to solve problems. After working as a retail manager, I realized that there is a unique solution to any problem.Advertising We will write a custom report sample on When the Time to Grow into a Professional Comes: Trying out as a Volunteer in a Charity Shop. Experience and Lessons Learned specifically for you for only $16.05 $11/page Learn More Communication skills: when having a talk is essential Another important information concerned the importance of communication skills. Though the problems have to be voiced, they need to be addressed in a tactful manner. Working together: the real meaning of â€Å"team spirit† I also learned how important it is that the employees should cooperate and share knowledge with each other. Though the given experience is extremely important for me, it does not actually break any new grounds in terms of learning theories in general and the theory of knowledge in particular. According to what Darroch said, the correlations between knowledge sharing and overall performance are always positive (Darroch, 2003, 51). Conclusion: There Is Still a Long Way to Go Of course, the given experience was rather short and relatively scarce compared to my future professional career. However, this experience has shaped me as a professional. It was the best way to learn the specifics of retail industry and evaluate the difference between theory and practice. The SEEC D2–7 framework is going to be used to draw the future development plan. Being at the SEEC D6 stage, I will have to work my way up to SEEC D7. Recommendations: What Could Be Improved In a retrospective, I realize that the North London Hospice could have been run in a much better way. For example, the emphasis on the visual merchandizing could have been much stronger. Thus, more people would have been attracted and, therefore, the shop would have received much more revenues. In addition, the analysis of the target market could have been done in a much more accurate way. Since the customers often took their children with them, it would have been a good idea to offer candies, small toys, etc. as well. Anyway, the experience at the North London Hospice was priceless and provided the reason for my further professional development. Reference List Darroch, J, 2003, ‘Developing a measure of knowledge management behaviors and practices,’ Jpournal of Knowledge Management, vol. 7 no. 5, 41–54. Guest, G MacQueen, K M, 2008, Handbook for term-based qualitative re search, Altamira Press, Lanham, MD.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Syed, A U, 2011, ‘A theory of knowledge management,’ Journal of Contemporary research in Management, vol. 6 no. 1, pp. 103–119. This report on When the Time to Grow into a Professional Comes: Trying out as a Volunteer in a Charity Shop. Experience and Lessons Learned was written and submitted by user Jessie Oliver to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.