Health Care Financial Terms Worksheet Essay

Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: In the space provided, write each term’s definition as used in health care management. You must define the term in your own words. In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following: Why is the skill, concept, procedure, or tool necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth? What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool? What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool? Save the completed worksheet as a Microsoft Word document with your name in the file name. Submit the file to your instructor. Worksheet Submitted By: Term Definition Scenario Capital expenditure budget A budget that can cover one year or multiple years and has a more futuristic view. If the economy is expected to go into a recession that may last several years a company may need a capital expenditure budget. One that may show a plan for the financial survival over the next few years. Things like plans to spend less on expensive or unnecessary supplies or switch to more generic brands are good examples of what could be taken into consideration when making a capital expenditure budget. Direct cost Cost that is directly related to the production of goods or services. Costs related to Materials used for production or labor costs are examples of direct costs because they are directly related to producing goods or services. Flexible budget Budget that is made by using budgeted revenue and cost amounts and can be adjusted according to expected outputs. If a business has had busy Summers in the past and may have another busy Summer they may want to plan for a higher workload and more staff. This requires them to have a flexible budget so they can adjust the budget according to the rising activity level or volume of business. Operating budget Budget that deals with short term revenues and expenses that are needed to keep an organization operating. When a business needs supplies to be able to provide services and needs to pay staff to provide services as well the money that is being spent on the wages of the staff and the supplies is part of the operating budget because those things are needed to operate the business. Responsibility center Center that is responsible for managing costs or costs and revenues. Cost centers are responsibility centers that are responsible for costs and profit centers are responsibility centers that are responsible for managing revenues and costs. Being responsible makes them â€Å"Responsibility† centers.

Frankl †the Meaning of Life Essay

Frankl does not use the word â€Å"meaning† in the general broad sense such as in â€Å"What is the meaning of life? † but rather in a more specific way of â€Å"what is the meaning of your life†. In Frankl’s words, asking the meaning of life is akin to asking the chess champion: â€Å"Tell me, Master, what is the best move in the world? † (pg 131) There is no â€Å"correct† answer to this question, as the best move is dependent on your opponent, the moves already made, and the moves to be made†¦. Much the same as saying there is no correct answer to the question â€Å"What is the meaning of life? † as the meaning of life changes from person to person and from moment to moment. Frankl demonstrates how his meaning of life changed as noted that one morning as he marched to work he came to a sudden realization that â€Å"The salvation of man is through love and in love. † (pg 57) I think that Frankl’s realization is meant to illustrate how even in the darkest of times, meaning can be found in suffering and that â€Å"†¦ everything can be taken from a man but one thing: the last of the human freedoms-to choose one’s attitude in any given set of circumstances, to choose one’s own way. † (pg 86) Frankl chose to focus on his love – his love for his wife, his love for life which brought meaning to the torture he was enduring. Frankl does not preach what he believes the meaning of life is, but instead tries to help us to see the truth for ourselves through his illustrations of human suffering and triumph. The analogy of the Painter vs. the Ophthalmologist on page 132 reflects Frankl’s core discipline. â€Å"A painter tries to convey to us a picture of the world as he sees it; and ophthalmologist tries to enable us to see the world as it really is. † Frankl tries to help us to see with our own eyes; he cannot show us the truth but can only try and help us discover it for ourselves. In Frankl’s own case, he was able to find his purpose which was to document what he had learned about mankind while suffering in a concentration camp. He did so as to help others understand their responsibility in defining their life; and how by being responsible, we can define life’s meaning every day. Frankl illustrates man taking responsibility for his own life in his account of fellow inmates. â€Å"We who lived in concentration camps can remember the men who walked through the huts comforting others, giving away their last piece of bread. They may have been few in number, but they offer sufficient proof that everything can be taken from a man but one thing: the last of the human freedoms — to choose one’s attitude in any given set of circumstances, to choose one’s own way. † (pg 86)These men chose to give meaning to their life by improving the lives of those around them, even in the face of certain death if discovered. They chose even while surrounded by unimaginable horror to place the wellbeing of their fellow inmates above their own. Frankl defines this behavior as â€Å"The self-transcendence of human existence†. (pg 133) It means that being human is about going beyond you own self needs. He says â€Å"The more one forgets himself – by giving himself to a cause to serve, or another person to love – the more human he is and the more he actualizes himself. â€Å"(pg 133) His illustrations of the inmates who gave the last of their bread or tried to comfort those around him are surely examples of self-transcendence. I can relate to this line of thinking as I reflect on those people in my life I most respect; they are those friends and family whom I consider selfless – individuals who give of themselves. This philosophy can even be translated to business. The most successful business men I know are individual who learned at an early stage that giving of themselves, through writing, speaking, or being involved in their community ultimately reaped the greatest rewards, closed the most business, etc†¦ While these individual have an agenda (vs. being truly selfless), I still believe they are practicing self-transcendence. They are, as Frankl states, discovering that â€Å"The true meaning of life is to be discovered in the world rather than within man or his own psyche, as though it were a closed system. † (pg 133) They choose to interact with the people and the world around them rather than retreat into themselves. Frankl compares a closed system to an open system as a way of explaining how human interaction leads to self-transcendence, while self-actualization is a false way of finding meaning. A closed system cannot change or grow; it by definition must maintain equilibrium. An open system on the other hand exists such that we interact with each other and the outside world. Through our interactions with one another, growth is stimulated within ourselves and those around us. In a closed system we would retreat from the world and isolate ourselves. While doing this might bring a certain amount of inner peace, it does not stimulate growth. We cannot improve ourselves and the world around us in this way because it is too self-serving. That’s not to say that self reflection is a bad thing, but rather that self-reflection loses its meaning unless you have something to reflect against – another philosophy, the meaning of an event in your life, etc†¦ Self-reflection for the sake of self-reflection would produce no personal growth in Frankl’s view. In conclusion, I think that Frankl’s life experiences helped shape someone who at his core was a realist. You cannot always change the situation, so if you want a different outcome, you must change your reaction. Sometimes horrible things happen to a person; that is life. How you choose to respond to the circumstances surrounding you is your most basic privilege as an intelligent human being. I love the fact that Frankl offers no real answers, just a framework for figuring it out for yourself. I hope to learn more about Frankl and try to apply more of his â€Å"take responsibility† attitude to my everyday life. I have already started by going back to school to finish my degree.

An Ethical Analysis of the Use of Performance Enhancing Drugs in Sport Assignment

An Ethical Analysis of the Use of Performance Enhancing Drugs in Sport - Assignment Example This paper illustrates that John Mill introduced ‘utilitarianism’, a consequentialistic theory that sees good behavior or actions as those that generate the ‘greatest good for the greatest number of people’. This theory supports the knowledge about the outcomes of actions and of abiding by norms or standards encouraging these principles. Utilitarianism largely argues that the morally correct decision is the decision that generates the greatest good. There are numerous ways to explain this overall argument. One aspect worth mentioning is that the perspective is a kind of consequentialism, which states that the correct action is viewed wholly in relation to the outcomes generated. There are two forms of utilitarianism-- act utilitarianism and rule utilitarianism. The difference between these two lies in how or where they are used. Act utilitarianism is used in the process of choosing a specific action under a given situation, whereas rule utilitarianism is use d in the selection of a cluster of guidelines, which are consequently exercised to choose a particular action in a given situation. Act utilitarianism argues that an action or behavior becomes morally correct when it generates the most good for most people, whereas rule utilitarianism claims that the moral rightness of a decision relies on the rightness of the guidelines that enable it to attain the highest good. Act utilitarianism is the conviction that it is fine to violate a rule so long as it creates a higher good, whereas rule utilitarianism argues that even if a principle cannot generate a higher good, violating it will not either. Rule utilitarianism is a reaction to several of the main criticisms against act utilitarianism.

Will U.S. Be Overtaken by China Research Paper Example | Topics and Well Written Essays - 1000 words

Will U.S. Be Overtaken by China - Research Paper Example The assumption and expectation that China would one day become the world’s richest country is not a new one. The country has enjoyed massive economic growth and expansion of its global presence which have made it to economically surpass tens of countries within the last 20 years to sit at the second place. The current and future economic growth of China is as fast as it is diverse, while the US is facing a lot of financial challenges2. The fact that China’s economic and socio-political performance is only expected to be better while that of the US remains shaky makes China more likely than not to overtake the US in the next few years. Important Indicators for China’s Growing Superiority For the last thirty years, China has reported impressive economic growth3. The country has in fact been the fastest growing economy in that period of time. Economists have put the economic growth of China to be 17 times what it was in 1980. An interesting fact is that China was ra pidly growing while most of the rest of the world was not doing that well financially. About ten years ago, the United States’ economy was 10 times bigger than that of China. Today, China’s economic superiority cannot be refuted and its place as a world economic power was sealed after overtaking world’s number two spot from Japan. After a long time of what seemed to have been economic slumber, China finally woke up to its potential in the eighties. Other countries including the United States started to adopt and implement neo-modern policy changes. This included opening up to unrestricted capital flows and external trade. The countries also developed policies that enabled their central banks to be increasingly independent. They also adopted tighter cyclical monetary and fiscal policies and abandoned many of the development strategies that had previously been highly successful. China on the other hand, did not adopt these policies, many of which were promoted by world financial bodies such as the IMF, World Trade Organization and the World Bank whose decisions were heavily influenced by decision makers and economic planners based in Washington. China was not a member of the WTO up until 2002. Although China’s economic acceleration involved the expansion of foreign investment and trade, its financial decisions and management were carried differently from the rest of the world4. The most outstanding difference was that China’s economy was largely controlled by the state, unlike in the US where it was liberalized. State control was meant to ensure that trade and investment decisions were in line with the development goals of the government. One of these goals was to develop and make products intended for the external or international market. China’s policies also promoted the use of enhanced technology. The aim was to transfer high level technological competence from foreign investors to the local economy. The government w as also keen on hiring Chinese for jobs at the managerial and technical levels. This meant that foreign enterprises could not compete at the same level with many domestic businesses. The economy of China is still largely controlled by the government. The state controls a huge percentage of the exchange rate and other financial systems. A substantial amount of industrial assets are also under the control of the government. When other countries were struggling under the pressure of the recent worldwide recession, China’s economy was not affected. The state-led economic system can be and should be credited for this. The country enjoyed an enviable 9.8% GDP growth though this was a fall of 3.7% mainly due to the poor performance of the international mar

How Logos Christology helped the doctrine of the Trinity to be Essay

How Logos Christology helped the doctrine of the Trinity to be formulated in the councils of Nicaea and Chalcedon - Essay Example in mind, one should note that at a certain point the Christians were forced to refine there teaching in order to get rid of any mistake that I could contain. It is beyond any doubt that the image of Christ is central Christianity and the peculiarity of His nature is a subject for various speculations. This paper will explore the way how Logos Christology helped the doctrine of the Trinity to be formulated in the councils of Nicaea and Chalcedon. To begin with, it may be particularly important to analyze the very concept of logos. By far, they key text that is always engaged is the beginning of the Gospel of John: â€Å"In the beginning was the Word, and the Word was with God, and the Word was God.† (John 1:1). In spite of the fact that this is a rather short piece of text, it contains several important key worlds that would shape Christology in the future. First of all, it is the mentioning of beginning: it is crucial in the debates whether Christ existed before everything was created as it is mentioned in Genesis. Secondly, the connection between the Word and God is emphasized. Finally, it is the direct claim that the Word is God. Nevertheless, while the Gospel of John is regarded as the cornerstone of this concept, there are several other texts that contain similar idea. For example, in the Old Testament there is a phrase: â€Å"By the word of the Lord the heavens were made, their starry host by the breath of his mouth† (Psalms 33:6). There is no doubt that this might be seen as the reflection of the notion that everything was created through Christ, the Word. Moreover, it would not be a mistake to suggest that this used to be a widely accepted idea in the world of Christian scholars1. Thus, adherence to the same concept is witnessed in other Evangelists: â€Å"just as they were handed down to us by those who from the first were eyewitnesses and servants of the word† (Luke 1:2). At the present moment the image of Christ is closely associated with the Word and

Money Laundering Term Paper Example | Topics and Well Written Essays - 1750 words

Money Laundering - Term Paper Example disposition, movement, rights with respect to, or ownership of property, knowing that such property is derived from serious crime. In simpler words, Hopton (1) defines money laundering as that process in which the criminals conceal the origins of their possessions and the ownership of their proceedings of criminal activities. Their whole objective behind doing so is to maintain control over their illegal possessions (income, wealth or property) by covering them unlawfully. Hence, we can understand money laundering as a process by which dirty money is shown as clean money. The money needs not to be intangible form. Instead, modern day money laundering includes all such transactions of relationships that involve any kind of tangible or intangible wealth or possession that has been gained through criminal activities. Literature Review Alldridge (437-463) studied the imperatives that the money laundering panic of 1990s generated with the arrival of globalization. He states in his researc h that, â€Å"If there is to be an attempt legally to regulate laundering, it (laundering) must be a relatively serious offence, and consequently the anticipated harm must be something other than complicity†, which means that money laundering should be considered as a serious threat at an international level thus uniting all nations to make combined efforts to stop it. This will help homogenize the criminal justice system worldwide. Shneider and Windischbauer (387-404) have quantified and estimated the volume of money laundering activities in their research. According to them, â€Å"The overall turnover in organized crime for example had a value of 800 billion USD in 2001 and increased to 1.700 billion USD in 2007.† These statistics show how great the turnover of money laundering in the modern world is. Article no. 22 of Pursuant to the Law on prevention of money laundering (Ministry of Finance) states how the law for the prevention of money laundering is to be impleme nted. According to it, the Law on Prevention of Money Laundering is to be implemented to make sure that money laundering does not take place at all. Article 2 of the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector, also called as Anti-Money Laundering Act (AMLA), defines the financial intermediaries that are at vulnerable end in money laundering business (Federal Authorities of the Swiss Confederation). These include banks, fund managers, investment companies, insurance institutions, security dealers, casinos, and persons who carry out credit transactions and provide their services for payment transactions. Stages of Money Laundering There are three stages of money laundering. Placement The first stage of the washing cycle of money laundering is placement. Being a cash-intensive business, large cash is generated from illegal activities which is then placed in the economic structure or is smuggled out of the country, so that the location of a cquisition of that cash can be covered (Levy 2-5). In this way, the authorities cannot figure out the location. The cash acquired is also converted into other forms like postal orders. Layering The first step in the layering phase is the concealment of the source of ownership of funds by way of creating such complicated layers of transactions that aim at impersonating the audit trail by providing

Teaching and Learning Styles Assignment Example | Topics and Well Written Essays - 3500 words

Teaching and Learning Styles - Assignment Example They loved to sing and dance to entertain me, and that was how we started our classes. I learned from them the value of fun whilst learning. In the future, I would love to see my students feeling comfortable and having fun as they learn. My experience in the community made me realize that I want to be a teacher. If I become a teacher, I then I can give my share in transforming lives and making the world a better place to live in. Teaching is a noble profession because it helps people become productive citizens. It raises human dignity and leads people to be humane, morally upright and rational. 212 words II. The words of Horace Mann explain the importance of education for me. If people will be educated, then they will have a chance to a better life. They can find a decent job, and poverty will be less or even non-existent. In being a teacher, I shall follow what I learned from Reggio Emilia, a community in North Italy famous for bringing about educational transformation for children. According to Malaguzzi (cited in Malaguzzi & Rubizzi,1995), one of the founders of the community, in order to teach children well, one must learn how to listen. This means that a teacher should value the thoughts of students and listen to what they know in order to determine what else needs to be taught and how they should be taught. In the future, I will apply this concept in order to design lessons that cater the needs of students in the multicultural classroom. 174 words III. In order to become a good teacher, I will strive to learn the fundamentals of teaching and comply with all the requirements that professors will give. I shall cherish every moment and think of teaching as an art that needs to be perfect. From designing lessons to executing plans and assessing students appropriately, I will always exercise caution in order to help students achieve their best.

Rapid Rise of the Movement to Abolish the Slave Trade Essay

Rapid Rise of the Movement to Abolish the Slave Trade - Essay Example Problems would arise where the slaves would die from tropical diseases and owners would not provide proper medical care, slaves would be beaten mercilessly by their master and owners and there were no laws governing this immoral behavior. However, a few individuals in the society would consider slavery and slave trade as an immoral behavior and this led to the formation of anti-slavery movements. The abolishment of slavery was a long struggle dated back in 1750 where a number of Quakers started to disapprove slave trade, the Quakers started to disapprove slave trade and encouraged slave owners to educate slaves, introduce them into Christianity and improve their working and living conditions, in 1783 a group of six Quakers pioneered a movement that was to start the struggle to abolish slave trade. These members included George Harrison, John Lloyd, William Dillwyn, Joseph Hooper, Joseph Woods, and James Phillips. this was a non-denominational movement which was aimed at gaining support from parliament and the Anglican church. This movement gained popularity and an addition of three members of the Anglican Church joined the movement and this really strengthened this group, these Anglican members included William Wilberforce, Thomas Clarkson and Granville Sharp. After the joining of the religious members William Wilberforce was chosen to be the group member due to his connection with the British parliament, the struggle continued but Wilberforce faced strong resistance to the abolishment of the slave trade in parliament and this was due to the fact that there was a powerful dependence on slaves and slave trade. The first petition to abolish slave trade was made in 1783 but it failed by the vote where more member opposed the abolishment of the slave trade.

Oil and Gas Management Essay Example | Topics and Well Written Essays - 1500 words

Oil and Gas Management - Essay Example Based on a case study in Brazil, the Pantanal case is identified as a key point as to why the horizontal directional drilling can be the best alternative, as opposed to conventional drilling techniques (Pisupati, 2009, p.63). Methods of oil production in most cases determine the impacts on the surroundings and the possible consequences to those living in it. The most common methods available relate to the conventional methods of drilling and the much advanced method called the risk management plans to oil drilling. Petroleum produced in any other method that is not conventional is called unconventional. The most common types of unconventional ways include refining of extra heavy soils and oil sands using extremely heavy metal and high levels of energy. Besides these are the oil shale and thermal depolymerization (Patin, 2009, p.86). The former relates to extractions of shale gas from shale formations using current technology while the latter involves obtaining petroleum from waste pr oducts and decomposing sites. Another basic form of unconventional methods is the conversion of coal and gas using synthetic fuel techniques and advanced technology. Unconventional methods of drilling oil are still in their beginning phase and have come out of the need by the advanced nations to cater for the demand and balance it with the supply for continuous use. However, these methods have had their possible dangers especially to human health and the impacts to the environment (U.S. Geological Survey, 1996, p.3). Drilling Conventional or otherwise the traditional methods pose enormous losses and environmental impacts on the subjects. Firstly, they destroy the formation of the earth’s crust and core. The drilling of the well to create room for exerting pressure so as to extract the oil is by itself noise pollution and especially to the people living around the mining sites and more so to those undertaking the drilling works (Boesch and Rabalais, 2000, p.117). Potential env ironmental disasters arise in the sense that there are threats posed to the wildlife living nearby that has to flee to create room for the drilling process; displacement. This in turn threatens the survival of wildlife and especially with the availability of predators thus causing extinction of some species. Drilling requires broad land occupation and the possible environmental impacts would be release of harmful air into the environment, contamination of ground water from uncontrolled gas, fluids and spills and even uncontrolled waste discharges and leakages. Fluids and flow-backs contain radioactive materials which are hazardous to health and pollutants to the environmental (Shaw, Beven, Chappell and Lamb, 2010, p.243). Ground water if polluted with methane for instance leads to destruction of buildings and potassium chlorine cause salinity in drinking water. The wells once dug are left behind in the long run when the yield is below the targeted amounts or when the production cost s exceed the profits obtained. This poses a potential environmental threat again to the wildlife surrounding such vicinities with death should there be a fall out. The core of the earth is normally unstable, and the natural caused will always act to balance the pressure that mounts deep internally. When these oil wells are dug so deep, regions of imbalance are created within the crust and therefore these can lead to