Best Financial Practices

Also, the organization's mindset is directed towards the future with an awareness of the hanging trends, market needs, technological advancements, and to cope and to operate within the changing environment (Herkimer, Jar. , 1988). Budgeting, expressed In dollar terms, involves detailed plans. There are several types of budgets that may dictate the organization's mission and structure and managerial preferences. They are: 1) Statistics Budget; 2) Expense Budget; 3) Operating Budget; and 4) Cash Budget.In addition to budget decisions, there Is timing. Healthcare services organizations should consider two types: 1) Conventional verses Zero-Based Budgets and 2) Top-down versus Bottom-up Budgets. Planning and budgeting are Important managerial activities. It allows health services managers to plan for and set expectations for the future, assess Flanagan performance on a timely basis, and ensure that operations are carried out In a manner consistent with expectations (Sheepskin, 2008).With out planning and budgeting, the business will be disorganized Pricing and Service Decisions In healthcare organizations, the managerial accounting department decides whether an established price for a particular service is profitable. Managers in a charge- based environment must set prices on the services that their organization offers. In addition, determine discounts for managed care plans or business coalitions. Pricing and service decisions affect a business's revenues and costs and determine viability in long term.Health services managers should have a better understanding of the pricing and service decisions they face, because they have the power to set prices. The healthcare providers may be price takers or price setters. When they are price takers, apply target costing, and when they are price setters, apply full cost pricing or marginal cost pricing. In making pricing and service decisions, managers should rely on managerial accounting and actuarial information.Pricing deci sions involve setting prices on services for which the provider is a price setter, and service decisions involve whether or not to offer a service when the price is set by the pay (the provider is a price taker) (Sheepskin, 2008). Without good pricing and service decisions, the business will lose profit and/ or lose customers. Ultimately, it can lead to business closure. Cost Allocation Cost allocation is a pricing process within the organization whereby managers allocate the costs of one department to other departments.There is no objective tankard established; therefore, a business must establish prices that would be set under market conditions. The purpose and goal for cost allocation is to assign all of the costs of an organization to the activities incurred (Sheepskin, 2008). Basically, cost allocation allows managers to make better decisions on cost control, on what services they provide, and how these services should be priced. The best results produced will come from manager s who perceive the cost allocation process to be accurate and fair, and the allocation process should promote cost reduction within heir department/organization.In the end, the managers will be held accountable for costs associated with services by their departments. Managers must know two important elements in cost allocation basics: cost pools and cost drivers. The more confidence that all managers have in its validity, the better the organization will function (Sheepskin, 2008). Without cost allocation, there will disorientation and chaos, because one department will have more cost allocated than the other. Time Value Analysis Time value analysis is the process of assigning appropriate values to cash flows.This s important part of healthcare financial management because it involves the valuation of future cash flows (Sheepskin, 2008). A timeline is the first step in time value analysis. Time lines illustrate and can help managers visualize cash flows analysis such as compounding, discounting, annuity, perpetuity, state rate, and periodic rate that managers must know so that financial decisions are made wisely. Without time value analysis, managers would not be able to appropriately assign values to cash flows, and it could lead to disorientation and financial ruin.Financial Risk and Required Return Unfortunately, there are risks and complications in businesses. In healthcare organizations, taking financial risks may mean investment in new hospital beds or a new managed care plan. A return that is earned less than the expected amount means the financial risk is greater. Managers in health care organizations should develop strategies to manage business and financial risk. One such strategy is to develop risk measures by using a standard of reference. This will allow for some comparison to another measure and a Judgment can be made.For an example, Capital Asset Pricing Model (CAMP) is the relationship between the market risk of a tock, as measured by its marke t beat, and its required rate of return (Sheepskin, 2008). A clear understanding of business and financial risk is essential if the health care organization wants to remain viable in the health care market. Without an understanding of the financial risk and required return, health care organizations can be blind to concepts that are failing and destined for financial ruin.They run a greater risk of losing profit. Reflection The various duties required by managers of healthcare organizations is complicated and multi- faceted. They must know so much in order to make the business run efficiently and successfully. They must understand a multitude of functions. Therefore, working with other experts, accountants, and managers from different departments is crucial in running a lucrative business. This includes planning, acquiring, and utilizing capital in the most efficient way possible.

Reasons for demanding such course and its effect

Reasons for demanding such course and its effect in the first 10 year time frame Since my infancy, I was profoundly influenced by my father, who was engaged in the area of business.   During the years, I also noted that my passion for the business field arose from other reasons, apart the influence exercised by my father.   Such other reasons mainly comprise the vastness of the topic, which does not consist of a simple equation learned from a textbook. It requires good knowledge on the firm’s strengths and weaknesses, through which one can apply sound judgments and decisions in a highly dynamic and changing market environment.   There is also the issue of managing personnel properly in order to enhance efficiency and effectiveness.   Such fascination in such profession always inclined me to read relevant articles on managerial performance and accomplishments.   For instance, a particular manager that astounded me and boosted my interest was the Wal Mart founder Sam Walton, who out of a mere $6,000 investment was able to create one of the largest corporations in the world.   I also frequently noticed that several entrepreneurs like for example Nike, commenced from an MBA program. In this respect, once achieving the MBA Degree, I intend to gain some experience in management and start my own business.   I know this is a highly ambitious aim, but as Sam Walton frequently stated, one should nurture and follow a dream in a way that it enables him to grow personally in character and mind. Reasons behind succeeding in the course and career pursued My interest in higher education, especially in commerce subjects evolved over time.   Ironically in my younger days, I was not a committed student.   I occasionally turned up home workers and followed readings from textbooks, as instructed by the lecturer.   However, when I commenced working I realized the need of technical competence in business studies.   For instance, one of my great embarrassments was the inability to comprehend the financial statements of the organization I was employed in.   In addition, I noted that my colleagues technical information was far much greater than mine. Through this culture shock, I realized the need of such knowledge.   I started reading relevant textbooks and articles to increase such important know-how.   I also realize that once I am dedicated to an objective, I strive and work very hard for it.   Indeed I did such reading at night after a full day of work.   I believe that such positive feature will assist me to meet deadlines and work under pressure both during the course and at work. I am also a smart doer, who possesses good analytical skills.   Whenever a problem arises, I meticulously examine the situation at hand and consider the possible options carefully before rushing into any drastic conclusions.   If there is no easy way out to such issue, as it happens sometimes, I am frequently inclined to the best option, even though it is the hard way around.   In business administration, taking sound decisions is a critical need.   Also the ability to prioritize the ultimate objective over any hardships that will be encountered is important to reach goal congruence and avoid deviations and conflicts. Methods of communicating and interacting with team members Apart from being a fine doer, it is important that a person is a good listener.   A manager that neglects and/or pays little attention to employee requests is not a good manager.   When one is working in a team, as it frequently happens in business organizations, one should appreciate the fact that the corporate objective is achieved with the help of all the team and not management only.   Sometimes, good ideas come from staff within the team. Therefore a manager should respect the team members ideas at all levels and consider carefully suggestions proposed.   When a good recommendation is given, it should be discussed and examined and if it is a good idea, one should clearly say so even though it comes from a worker.   Indeed, a good idea of communication is the adoption of 360-degree feedbacks. Listening is one of the important characteristics that a good leader should have.   Traditionally, it was thought that a good leader is a born leader.   However nowadays, it is believed that leadership skills can be learned as denoted by Orlitzky M. and Benjamin J. on pages 128 to 138 of their textbook, published in 2003.   Yet, a person that is born with good leadership skills posses an advantage over those who lack and need to learn.   I always exercised positive influence on my friends and induced them to certain actions. For instance, my peers commonly sought my advice on certain matters.   This is thus another important characteristic that can aid in communicating properly with team members.   One last point that I wish to make is that even thought I inherently possess good leadership abilities, this does not necessarily mean that I should not learn to further enhance such skills. References: Ivy League Admissions.   MBA Essay Writing Tips and Strategies (on line).   Available from:   http://www.ivyleagueadmission.com/buswritingtutorial.html (Accessed 18th March 2007). Orlitzky M.; Benjamin J. (2003).   The effects of sea composition on small-group performance in a business school case competition, Academy of Management Learning, Vol. 2, No. 2

Nursing Informatics Assignment Example | Topics and Well Written Essays - 250 words

Nursing Informatics - Assignment Example The Heisenberg crashes the software and takes time and effort to debug. The Heisenberg might occur when users use uninitialized variables. On the other hand, the Bohrbug is easy to detect and maintains its behavior (Dodd, 2013). Users can easily predict and reproduce the Bohrbug by running computer software with similar conditions. The Mandelbug is very violent and derives from complex causes. Users can find the Mandelbug in the computer software. The bug relies on scheduling. It is very challenging to repair or debug this software bug (Dodd, 2013). Ultimately, we have the Schrà ¶dinbug that relates to Erwin Schrà ¶dinger (Dodd, 2013). The Schrà ¶dinbug manifests itself as a problem in a code where the problem should have prevented the code from working from the beginning (Dodd, 2013). The software bug can make the software to work or crash when a user decides to change the outcome of the problem in the code. Apparently, computer bugs disrupt or malfunctions computer operations. The disruption of computer programs and operations jeopardizes the effectiveness of nursing

Personal Philosophy of Nursing Research Paper Example | Topics and Well Written Essays - 1750 words

Personal Philosophy of Nursing - Research Paper Example My understanding of nursing as a profession is informed by my nursing knowledge, experience, and insights from interacting with other professionals and stakeholders in the profession. According to me, nursing is a noble profession, which should deliver quality public service in an ethical framework with a holistic understanding of human beings in terms of their emotional, physical and social aspects. Nursing should be holistic in nature, responsive to patient needs, and respecting values of patients. Nurses should, therefore, strive to provide quality service and create a favorable environment for patients to heal. Nurses should also display a greater understanding of human beings, desire to learn and acquire new skills and knowledge, research skills, and great professional standards (Fulton, Lyon, & Goudreau, 2010). In order for nurses to be successful, they should entertain inter-professional relationships with other professionals in the health sector in order to promote values suc h as knowledge sharing and improving the quality of service given to patients (Meleis, 2011). As a professional nurse, I will be committed to a lifelong process of learning, through both formal and informal education as well as learning from hands-on- experience in order to improve my skills and knowledge.The most important element of nursing, in my opinion, is the ability to save lives through offering quality patient care, advice, and a favorable environment for patients to overcome their health challenges.

Software Development Research Paper Example | Topics and Well Written Essays - 250 words

Software Development - Research Paper Example There have been heated debates on the best strategy of developing software. Take a strategic position on this debate. Create an argument for which method (in-house, onshore, or offshore software development) is the best in terms of cost, security, reliability, and intellectual property protection. Support your response. In-house software development is the best choice in terms of cost, security, reliability and intellectual property protection for a company. By developing the software in-house, you are ensuring that you are using your own people, people who are already familiar with the company, how it works, what needs changing, and more importantly, how the software needs to work in order for the employees to do their job. This also ensures that there are no security leaks, that the company itself is able to see every step of the way what is being done, which allows for directional changes to be made quicker than if another company has to create something and then submit it for review, and it ensures that no other companies are able to take your ideas and use them as their own, ensuring the intellectual property rights of the company itself. Studies have shown that outsourcing brings with it â€Å"cultural barriers, expertise transfer difficulties and communication and coordination overhead. â⠂¬ ¦ (It) is riskier and more challenging that collocated development† (Bird, Devanbu, Gall & Murphy, 2009). Question 2: IT governance is concerned with organizational investments in IT and to ensure that the IT strategy delivers full value. The avoidance or prevention of IT strategic failures is the biggest part of IT governance. Describe two issues that drive IT governance. IT governance is driven by the quality of the internal structure of the system, and the cost of the system itself. â€Å"The malfunction of a key IT system sometimes leads to heavy financial losses,† (Bart & Turel, 2010), and as such, IT governance must strive to ensure that those key

Addonney Beauty Shop Coursework Example | Topics and Well Written Essays - 4000 words

Addonney Beauty Shop - Coursework Example This project will contain the E-marketing Plan for Addoony Beauty Shop. Some of the topics that will be discussed in this project are: - Firm description - Addressing the role of internet in marketing firm’s products/services - Online Consumer Behavior Addoony is an e-commerce company designed to become the market leader in Web-based sales of beauty services and products. The shop is located in Qatar. Although many Internet companies have recently joined the market and created stiff competition and failed, the Internet is expected to support several e-commerce businesses for many years to come. Most of the dot-coms failed to establish their ground in the e-market because of poor strategies that they laid for their businesses that had no true revenue streams. Addoony tends to overcome these problems with easy to use website for its customers and a distribution system that is efficient for their products throughout Qatar. Addoony’s mission is to provide the best services and products using the Internet to lower the consumer's cost. The online shop exists to attract and maintain customers through their daily interaction with the website to check for any new product in the market and the introduction of new services. When Addooney’s beauty shop adheres to this maxim, everything else will fall into place. The shops services will, therefore, be expected to exceed the expectations of the customers in Qatar. This will help maintain an enormous proportion of clients to sustain the shop for long and .further help to advertize it. In the coming years, the beauty shop intends to create an icon in e-commerce. In the process, it will brand in the sale of beauty products and services and will grow to a high generating revenue online shop.

Treatment for gout arthritis and development of research study design Proposal

Treatment for gout arthritis and development of study design - Research Proposal Example Currently, there is no long term well-coordinated research works that can show how people with knowledge about purine containing foods and keep specific purine diets low and get acupuncture is more successful in reducing contraction of gouty arthritis break outs as compared to colchicine and NSAIDs for male of ages 18-40 tested over a period of 24 moths. A number of doctors have come out to point out the effectiveness of low purine diet in treatment of gout out breaks. In their handout about purine diet, doctors from Pittsburgh Medical Center describe that low purine diets can reduce contraction of gouts. It is explained that purine containing foods are broken down to form uric acid that is responsible for arthritis. They recommend that low consumption of purine foods lowers the amount of uric acid produced by the body hence this can reduce gout arthritis infections (Pittsburgh Medical Center, 2008). Since medications are not so effective, reducing the gout arthritis cases. It is recommended that prevention is more effective than cure. In their essay Preventing Gout Attacks, Palo Alto Medical Foundation doctors write that consumption of low fat foods and those with low levels of purine is more likely to reduce accumulation of uric acid. This in turn reduces chances of gout attacks (Palo Alto Medical Foundation, 2011). This research seeks to give proof that long term maintenance of low diet on purine foods and acupuncture treatment over a period of 24 moths is more effective than the mainstream cures, for instance, patients being administered with NSAIDs and colchicine to reduce break outs of gout arthritis in males aged between 18-40 years. Most of the works done regarding low diet in purine foods is just experimental and more theory. This research seeks to implement the treatment of gout arthritis through diet regulation on purine

Global Issues Assignment Example | Topics and Well Written Essays - 250 words

Global Issues - Assignment Example ent is not solely responsible for all the decisions made regarding foreign policies even though he is the primary architect and his participation is very important. The following groups also help in shaping the foreign policies; the senate, congress, intelligence agencies, departments of the cabinet, and the military (Ramachandran, Sita.  40). President Obama’s approach employs targeted force in a way that is of a responsible fashion. He is caring, respectful, confident and respectful. His leadership style is one that is mindful in decision making. He was a senator before his election to presidency. He was give birth in 1961 .He is a Harvard Law School and Columbia university graduate. He was a community organizer prior to graduating. Worked as for civil rights and taught constitution law. Former president George Bush used pragmatic and conservative approach in foreign policies. He was hard working, unpretentious, practical, ambitious, determined and forceful. He was born in 1946, a politician and a business

Democracy and the foreigner Essay Example | Topics and Well Written Essays - 4000 words

Democracy and the foreigner - Essay Example The Social Contract Or Principles of Political Right (1762) is one of the most influential works of Jean-Jacques Rousseau, in which the philosopher brilliantly theorised about social contracts and political order. Similarly to John Locke, Rousseau believed that a government could be legitimate only in case if it had been sanctioned by the people acting as the sovereign. The 'general will' concept and other novel ideas expressed by Rousseau in the Social Contract probably played a pivotal role in setting the stage for deep political reforms and revolutions which occurred in France and other European countries in the subsequent decades. The concept of 'general will' introduced by Rousseau in this work immediately generated intensive debate in Europe. The scientist suggested that without personal input from the people in determining 'general will' there can be no legitimate government. This concept involved criticism of the traditional notion that the King was appointed by God to legisl ate. Instead, Rousseau proposed his own vision of the legislative process and the legislator. Democracy is commonly considered as the best form of government these days. Contemporary scholars such as Robert Dahl, Anthony Arblaster, Benjamin Barber, Andrew Heywood and many others express various views on the nature of modern democracy. Consequently, there are several models of democracy described in works of these authors. According to Professor Robert Dahl, one of the most prominent political theorists of nowadays, modern democracy has four historical sources: the direct democracy in ancient Greece, the republicanism of Roman and Italian city-states in the Middle Ages and Renaissance, the theory and practice of representative government, and the idea of political equality (Dahl 1989). Political ideals and aims of the classical Athenian democracy were expressed by the outstanding Greek philosopher Aristotle in The Politics between 335 and 323 BC. Aristotle identifies liberty as one of the founding principles of the classical democratic constitution. The philosopher argues that liberty has two major aspects, namely: 1. Ruling and being ruled in turn; 2. Living as one chooses (Aristotle 1984) According to Professor David Held (1996), the Athenian democracy had the following institutional features. Firstly, assembly of citizens had sovereign power, that is, supreme authority, to engage in legislative and judicial functions. The citizenry as a whole formed the Assembly, which consists of each and every citizen of Athens. The Assembly met more than 40 times a year, and it had a quorum of 6,000 citizens. The Athenian concept of 'citizenship' entailed taking a share in legislative and judicial functions, participating directly in the affairs of the state. That is why the classical Greek democracy is called 'direct democracy' (DeTorre 1997). Modern democracy differs significantly from the initial forms of this political order. Experience accumulated over centuries of political history made many understand that democracy must be constantly watched and defended. Since the growth of population made it impossible to apply the same set of

The University of North Carolina maintains a website, Documenting the Essay

The University of North Carolina maintains a website, Documenting the American South, which contains an excellent collection of - Essay Example There are also different challenges facing slaves evident from the narrative; Aaron is lamenting waiting for relief help from well-wishers such as Priests and Levites. It pains to see how he among other slaves suffers in the hands of slaveholders as the congress continues with its process regardless of the issues affecting slaves. However, he is grateful because he is alive seeing a new day as he struggle to fight slavery (Morawsk and Smith, 2000). How did masters maintain the institution of slavery? Oppression was one of the ways used by masters to maintain slaves in slavery. A slave was subjected to torture through thorough beating if they tempted to quit. This made most of the slaves submit as they feared death or other mistreatment from resisting forced labor. Examples of areas where slaves suffered were in the south and the north in the hands of slaveholders, who tied up their slaves for whipping and torture yet they had done nothing. What tactics did they use to enslave other h uman beings? One of the common tactics used by masters to enslave people is bribing friends or relatives; they would go kidnap people and later sell them to slaveholders. An ideal example is the family that was taken away by their cousin at midnight and sold into slavery back in 1834. The other example is the white man sold his three daughters after selling his wife to slavery. This was one of the challenging and painful issues taking place in slavery; people betraying their relatives into slavery for money in quite inhuman. There are also cases where people captured strangers, and sold them to slavery; this is in instances where they met them stranded in their activities or on their way attending to their issues. Arabs were the communities known to practice such activities (Morawsk and Smith, 2000). Another tactic used by slaveholders to keep slaves was making them ignorant of their status. This is by building the thought that slavery is a natural state of being. Most of blacks in the narrative depict a thought that blacks have no capacity of taking part in civil societies in America. Through this, the white gathered courage to oppress the blacks by making them their servants. In slavery, slave children were denied a chance to education as this would make them have the capacity to read and write and this would be a challenge to the slaveholders. This is the reason why Aaron is an illiterate; this denied him a chance to evaluate the state of self-sufficiency and capability. If these slaves had the basis knowledge, they would question the dominance of whites over blacks. Slaveholders also took illiteracy to ensure that the life of slaves did not reach authorities who were against slavery. From this, slaves should seek education, as this is a gateway to freedom. Communication is also significant, as this would mobilize slaves in opposing oppression by slave-masters (Morawsk and Smith, 2000). Most slaveholders were strong Christians. They had buried their evil di d in church thus blinding slaves; most slaves were also Christian therefore found it wired to fight their own religious leaders. This fact also barred the thought that slavery was an unchristian practice following the fact that most of the slave masters were religious leaders. This tactic made slavery prevail in the south as well as in the north despite the fact that it was an era where Christianity was gaining popularity among different communities. Christianity also blinded slaves because they had a strong faith thus

Holy Spirit Essay Example for Free

Holy Spirit Essay Mary Magdalene along with other women visited the tomb of Jesus on Easter Sunday morning to apply fresh spices to the body of Jesus who was crucified on Friday. The agony and pain carried by Mary Magdalene for Jesus has lead to visit Jesus early before the sun rise. As a matter of fact, for all believers of Christianity, this moment of Mary Magdalene witnessing an empty tomb the absence of Jesus physical body provides a strength to the faith of believers with the fact that Mary Magdalene carried the message of resurrection of Jesus first to the disciples and to the entire world. On the other side, if Mary Magdalene would not visit the tomb of Jesus on Easter Sunday morning, how the world would view the death and resurrection of Jesus, and how the gospel and missionary work of Jesus would be carried on, such as these questions would arise whereas by witnessing an empty tomb, Mary Magdalene has brought a message to the world that Jesus has risen from the dead. This amazing fact and for this purpose, Jesus may have chosen Mary Magdalene in spite of the fact that, Jesus had 12 ardent and strong followers as disciples who knew and witnessed the Lord’s miracle work and missionary work. In Matthew 28:1-2 angels declare that Jesus has risen and Jesus cannot be found among the dead and this message was first disclosed to women who visited the tomb. In Mark 16:4-5 it was stated that stone on the tomb was rolled away, and an angel was seated in side the tomb to tell that Jesus has risen from the dead and this resurrection message must be carried to all. Among all women who visited the tomb of Jesus, Mary Magdalene was the first to meet Jesus after the resurrection and also as the first person to disclose the message of resurrection of Jesus to the disciples of Jesus. The life of Mary Magdalene was one part, wherein on several occasions, was pointed out as a rich woman who led a luxurious and lavish life, who lived a family life along with brother Lazarus and sister Martha, and who possessed demons and was also viewed by people as a sinner. The second part of Mary Magdalene life began with the association of Jesus gospel work , and there was a great transformation and change in the life of life of Mary Magdalene. Mary witnessed the life of brother Lazarus which was brought back by Jesus, Jesus participation with Pharisees and Sadducees along with disciples in feast and how Jesus motivated and preached the teachings. Mary Magdalene was present on several occasions with Jesus which provide an understanding that Mary Magdalene after choosing to follow Jesus did not go back to the old life and remained with Jesus until the resurrection and Jesus accepted the presence of Mary Magdalene every where. Many scholars also state that Mary Magdalene was the best female disciple of Jesus and men disciples disliked this fact. Jesus did not permit Mary Magdalene to touch Jesus, after the resurrection, and this is quite notable as â€Å"noli me tangere† which means â€Å"Don’t touch me, for I have not ascended to my father as stated in St. John 20:17. Just after this episode, a week later Jesus visits doubting Thomas along with other disciples and asks to touch Jesus hands and side as stated in John 20:24-28. With the above facts, it is a very strong and evidential fact that Mary Magdalene was the closest disciple of Jesus who maintained well tuned relation with Jesus in all respects and Jesus did not deny this. Mary Magdalene life after Jesus is another interesting point of view as Jesus and Mary Magdalene were lead to the birth and inception of The Holy Grail and it is also interesting to take note how this has been achieved. 2. Gospels of New Testament about Mary Magdalene All the four gospels of New Testament speak about Mary as Mary Magdalene. It can be stated here that if Jesus showed much appreciation for Peter among men disciples Mary Magdalene was the most appreciative among women disciples of Jesus and Peter disliked this and as per Gospel of Thomas, Peter on several occasions asked Mary to leave Jesus and disciples and also stated that â€Å"for women are not worthy of life† (Bart D. Ehrman, Peter, Paul, and Mary Magdalene, page. 254). There is also a question whether it was Mary Magdalene who laid the foundation for the birth of Christianity, and that Mary was the first apostle of Jesus who lead to the church movement. Mary Magdalene was cured from seven demons when Jesus was journeying from one place to another preaching the good news about kingdom of god. (Luke 8:1-3) This was the first inspiration that has drawn Mary towards Jesus. In the second instance, during crucifixion Mark 15:40 along with other women viz. , Mary the mother of James, Joses and Salome, Mary Magdalene was also present for visiting the tomb of Jesus. Again in Math 27:56 Mary Magdalene with other women Mary the mother of James and Joseph, and the mother of sons of Zebedee. In John 19:25 Mary Magdalene was standing at the cross along with Mary the mother of Jesus, mother’s sister and Mary the wife of Clopas. After the crucifixion of Jesus, Mark 15:47 states that Mary Magdalene and Mary the mother of Joses were looking where Jesus was laid. Matt 27:61 states that Mary Magdalene and other Mary were sitting opposite the sepulcher. Mat 28:1 states that after the Sabbath, Mary Magdalene and the other Mary came to look at the grave. Mark 16:1 states that after the Sabbath, Mary Magdalene, Mary the mother of James and Salome brought spices to anoint the body of Jesus. On the occasion of resurrection of Jesus, it is stated in John 20:1, Marg Magdalene came to the tomb on the first day of the week and it was still dark and Mary Magdalene saw that the stone was already taken from the tomb. Mark 16:9 states that Jesus after the resurrection, the first day of the week, first appeared to Mary Magdalene from whom Jesus casted out seven demons. In John 20:18, Mary Magdalene announced to the disciples as â€Å"I have seen the Lord†. Luke 24 states that women took the spices and went to the tomb of Jesus on the first day of the week and found that the stone was rolled away from the tomb. Women when entered the tomb, did not find the body of Lord Jesus and saw two men in dazzling garments who said â€Å"why do you seek the living among the dead? He is not here, but he has been raised. Remember what he said to you while he was still in Galilee, that the Son of Man must be handed over to sinners and be crucified, and rise on the third day†. Immediately women among whom was Mary Magdalene was present along with Joanna, and Mary the mother of James and others who visited disciples and unfolded the message of resurrection of Jesus. This fact was first not accepted by disciples who did not believe the fact that Jesus would definitely rise from the dead on the third day after the crucifixion. This discussion clearly indicates that the presence of Mary Magdalene is constant from the time of crucifixion, during the burial of Jesus and most importantly the resurrection of Jesus. In all the three phases of Jesus crucifixion and resurrection Mary Magdalene was persistent and faithful to meet Lord Jesus Christ. This strongly communicates that Mary Magdalene was truly the first apostle of women who longed for the presence of Jesus and did not look back to the old life which was filled with luxuries and riches whereas Mary Magdalene was pursuing Jesus taking note of every good news of gospel work performed by Jesus. 3. Character analysis of Mary Magdalene Some people identify Mary Magdalene as â€Å"sinner† who anointed Jesus feet in the home of Simon, the Pharisee as stated in St. Luke 7:36-50 whereas there is no concrete evidence for this. Mary Magdalene is portrayed as an ardent follower of Jesus as it is revealed in the scriptures of New Testament in several places of gospels which describe about the association of Mary Magdalene with Jesus viz. , St. Mat 27:56, 61: 28:1, Mark 15:40,47. 16:1-19; 8:2, 24:10, John 19:25, 20:1-18. Magdala means â€Å"tower or castle† is a prosperous town on the coast of Galilee, three miles away from Capernaum, wherein there are many dye work factories and Mary is from this city which is why Mary is called as Mary Magdalene. The perfume/oil Mary uses to anoint the feet of Jesus was very expensive to an amount of $ 17,000 worth which was approximate wage of 300 days ($7 per hour x 8hrs per day) which strongly confirm the fact that Mary had great respect for Jesus and the fact that Jesus could forgive the sins of Mary Magdalene. Jesus clearly understood this fact and developed deep sympathy for Mary Magdalene and condemns the words of disciples against Mary Magdalene. St. Mark 14:3-9, St. Mat 26:6-13. The Gospel of John also identifies Mary Magdalene is also identified as a sister of Martha and Lazarus who was raised from the dead John 11:1-44 and the fact that Mary was at the feet of Jesus when a dinner was arranged in Martha and Mary’s home and did not participate in the domestic help for Martha. Mary as Magdalene is first introduced in St. Luke 8:2, and Jesus had driven seven demons out of Mary, who is called Magdalene as stated in St. Luke. As per New Testament, Mary Magdalene presence is quite evident at the time of crucifixion and after the resurrection of Jesus. In fact, Mary Magdalene was the first person to meet visit after the resurrection of Jesus. Luke 23:27 says â€Å" a large number of people followed him, including women mourned and wailed for him†. Mat 27:55 †She was there at the cross† . It gives an understanding to the people that Mary Magdalene after meeting Jesus, never looked back to the old way of life, and continued to life with God. Mary was faithful, steadfast and strong follower of Jesus until crucifixion and after the resurrection of Jesus. At the time when Jesus was carrying cross to the calvary Mary was present among those women who wept for Jesus and also as a witness for the death of Jesus on the cross as stated in Mark 15:40, Luk 23:48 and John 19:25. Particularly, when Jesus body was wrapped in linen clothes and was kept in tomb as per Jewish customs, Mary Magdalene spends lot of amount for purchase of dry spices and liquid spices as stated in Mar 16:1 to be applied for the body of Jesus on the Sabbath day. Mary visits the tomb early before the sun rise and finds that the body of Jesus was not present in the tomb, and talks to two angels who question â€Å"Woman, why are you crying? † John 20:13 and Mary answered â€Å"They have taken my Lord away, and I don’t know where they have put him†. The message of Jesus resurrection was first unfolded to the world by Mary Magdalene and Jesus first spoke to Mary Magdalene after the resurrection by saying â€Å"Greetings† (Mat 28:9) and Mary proclaims this message to the disciples as â€Å"I have seen the Lord† John 20:18. 4. Holy Grail The Holy Grail is a cup which was used by Jesus Christ at the time of Last Supper to drink wine and this was the same cup used by Joseph of Arimethea (12th Century) to hold the blood of Jesus while on the cross. The term â€Å"grail† is derived from Latin word gradale which means a dish brought to the table in various stages during the course of a meal. According to the Christian mythology, the Holy Grail is deemed to be possessed with miraculous powers and Joseph d’Arimathie late 12th century passed Holy Grail to Great Britain. The description of Holy Grail is 17cm high, in the form of a cup having a body and a base. The cup finely carved and carries 28 pea-sized pearls, two balaxes and two emeralds. An inscription is also ingraved on the back which was first read and publicized by the archaelogist Antonio Beltran. According to some documents, the Holy Grail stood at Saint Juan de la Pena Monastery at least in 1399 and in the same year, King Martin brought it to the chapel of Royal Palace at the Alfajeria in Zaragoa. After the death of King Martin, in September 1410, it was taken as a property of Barcelona. In 1424, The Holy Grail was transferred to Valencia Royal Palace and in 1437 Dan Juan, King of Navarran presented Holy Grail to Valencia Cathedral. From here, Holy Grail was moved to Alicante and to the towns of Ibiza and Palma de Mallorca. As on today, The Holy Grail is preserved in Valencia Cathedral. The Holy Grail was first discovered in The Last Supper, the painting by Leonardo Da Vinci who painted Last Supper on the wall for church community and there are questions whether the Holy Grail or the Holy cup was present in the painting. Leonardo drawn the sketch of painting from the Gospels as stated and there were many hypotheses to declare Holy Grail as a literary invention and also to decide whether it is a cup? , platter, stone or religuary. Many other writers also claim the Holy Grail as a fictitious device and there are many arguments about this. In Mat 26:27 it is stated â€Å"And he took the cup, and gave thanks, and gave it to them, saying, Drink ye all of it;† and a similar verse in repeated in all other gospels, which indicates that in the Passover feast, Jesus did use cup which later took the form as The Holy Grail predicted to be used by Joseph Arimathea and Mary Magdalene. This vessel used by Jesus is presumed to be the Holy Eucharist as described in the Synoptic Gospels of the New Testament. There are also other arguments that Mary Magdalene, travelled along with brother Lazarus and Joseph Arimathea and brought the Holy Grail to the coast of France. Further there are arguments whether in the Last Supper painting, Mary Magdalene was present amidst of Jesus and disciples and to this Dan Brown’s Da Vinci Code states that the person sitting next to Jesus in the Last Supper was not Mary Magdalene and it was John, the disciple of Jesus. Here John appears as a woman in the painting made by Leonardo and it depicts the art work and the imagination in that era. The Holy Grail is the preserver of Jesus missionary work and the service delivered by Jesus to the humanity. The comparison of the sacred vessel or Holy Grail with Mary Magdalene is made here that both the sacred vessel and Mary Magdalene had the presence of Jesus who performed respective jobs in the missionary work of Jesus while on earth. Sacred vessel indicates that Jesus did participate in the Last Supper along with disciples before the crucifixion and Mary Magdalene represents as the first woman apostle who lead to the movement of christian church. 5. Analysis from Old Testament about the word â€Å"Rabbi† In the gospel of John 20:13, Mary Magdalene says â€Å"They have taken away my Lord, and I know not where they have laid him†. Even in spite of the fact that Jesus stood by the side, Mary Magdalene did not recognize and mistakes Jesus for a gardener and says â€Å"Sir, if thou have borne him hence, tell me where thou hast laid him, and I will take him away† (John 20:15) In John 20:16 Jesus says â€Å" Mary† and immediately Magdalene recognizes Jesus and says â€Å"Rabbouni† which means â€Å"teacher†. In John 1:38 â€Å"Then Jesus turned and saw them following, and said unto them, What seek ye? They said unto him, Rabbi, (which is to say, being interpreted, Master) The original language of Old Testament is Hebrew and Rabbis are fluent in Hebrew. Jesus was a Jewish Rabbi. Teachers of Jesus were Jewish Rabbis and the main book Jesus studied was the Bible – the Old Testament. Hebrew language is considered to be a holy language and God when created the universe, God used Hebrew Alphabets and each of these letters have a shape and a special meaning. In Hebrew language the Old Testament is called as Torah which means law. Therefore Rabbis according to Old Testament are the teachers of law and Jesus was a descendant from Jewish community and was also participating in the teaching and preaching about the kingdom of God and also about the laws of social issues as well political issues. In this manner, Mary Magdalene addressed Jesus as Rabbi calling Jesus as teacher. This clearly states that Mary Magdalene learnt many facts about spiritual living and how the kingdom of God should be practiced on earth. 6. Dan Brown â€Å"Da Vinci Code† Dan Brown’s â€Å"Da Vinci Code† states that Mary Magdalene was the Holy Grail, as the vessel that carried Sangreal (Holy Grail in the Medieval French). The French word for blood is sang, which indicates a fact that Mary Magdalene was carrying the royal blood or the holy blood of Jesus as stated in the books Holy Blood, Holy Grail and The Da Vinci Code. As per this source, Dan Brown in the novel, depicts a fact that Mary Magdalene with at least one child secretly trying to enter France and seeking a refuge in Jewish community. According to this fiction, Jesus and Mary’s child called Sarah, is presumed to be an ancestress for Merovingian royals. At this period of 12th century, the popularity of Mary Magdalene was placed at greater heights and it was also one of the darkest period of civilization. It is stated that the wedding of Cana took place between Jesus and Mary Magdalene and mother of Jesus who was present instructed all the servants to carryout the instructions of Jesus when there was not enough wine. In the Jewish custom, bachelorhood was not acceptable and marriage was honored. In Matt 19:4-5 it is stated â€Å" Have ye’ not read, that he which made them at the beginning made them male and female, and said for this cause shall a man leave father and mother, and shall cleave to his wife: and they twain shall be one flesh†. In weddings, mostly it is mother of bride or groom spend time and organize in the matters of food and drink and take interest to see that guests are satisfied. In the wedding of Cana, Mary the mother of Jesus was worried about the arrangements made at the wedding in spite of the fact being a guest as stated in John 2:3-10. There are many questions for a common man understanding whether was this acceptable to Mary Magdalene and whether disciples accepted this arrangement. This is one part of an argument whether did Jesus truly part of this fiction or was this a fact? And there is no end for such as these doubts who worship Jesus as Lord and Savior of the world. Some writers have truly suggested that the wedding at Cana was none other than Mary Magdalene’s own wedding with Jesus who was present with disciples. (Meera Lester, Mary Magdalene, page. 38) Another argument is that whether Mary Magadalene was present in Last Supper along with Jesus. The Da Vinci Code believes that Mary Magdalene was present in Last Supper and the novelists asks the readers to look for â€Å"V† created by the positions of disciples to the right of Jesus. The letter â€Å"V† stands for Sacred Feminine. â€Å"The symbol of hieros gamos, sacred marriage, is a six pointed star. One half of the star is made by a â€Å"V†. The other half of the star is a pyramid, a male symbol of power. The Da Vinci’s The Last Supper could reflect the artist’s beliefs regarding the importance of Mary in Jesus’ inner circle – that she was the wife of Jesus and also the Holy Grail, a human chalice to contain the savior’s blood line† (Meera Lester, Mary Magdalene, page 40) 7. Mary Magdalene bearer of the Holy Grail What is the significance of Holy Grail and what is it? These are some of the questions that interest the common man. According to the scholars, the sacred vessel that was used to hold the blood of Jesus while on the cross which was held by Joseph of Arimathea is termed as Holy Grail and another belief is that the sacred vessel that was used by Jesus to drink wine at the Last Supper is also termed as Holy Grail. Holy Grail is precious and is a historical evidence that Jesus did live and die on the cross. Another legend also states that a jar was held at the foot of cross to hold the blood of Jesus on the cross, which was held by Mary Magdalene. Vessel has become sacred because the vessel carried the holy blood of Jesus. (Margaret Starbird, Mary Magdalene: Bearer of the Holy Grail) The Holy Grail is a powerful symbol for Christianity for it is a sacred evidence of Jesus blood and chastity it carries to the entire world of christianity. The echoes of Grail promise many truths for Christian believers that precious blood of Jesus who died on the cross for bringing salvation to the entire world that whoever believes in Jesus and confesses sins, such people would be forgiven and are permitted to live a born-again life. Jesus emphasized on life of faith as the prime most important aspect in a Christian life. Why the Holy Grail is carried by Mary Magdalene and why not disciples or why not others? The answer to this question would be explained as, a story in Southern Coast of France states that Mary Magdalene was the bearer of the â€Å"sangraal†, the French word translated as â€Å"holy grail† as Magdalene was a devoted follower of Jesus and most prominently, the first person who met Jesus on Easter Sunday morning, Mary took note of all the events after the crucifixion of Jesus and silently decided to proclaim the gospel of Christianity which is why, Holy Grail is held as a sacred vessel by Mary Magdalene. In other words, the seed that was preserved by Jesus and Mary Magdalene is known as The Holy Grail which presumably carries mystical powers and also the presence of Christ. Here it can stated that Jesus has chosen Mary Magdalene to be the bearer of Holy Grail, or Mary Magdalene all by self, has consecrated the whole life to preserve the Holy Grail after the ascension of Jesus. According to the New Testament, all through the Gospels, there are no texts cited about either Holy Grail or about the life of Mary Magdalene after the ascension of Jesus. There are no evidences, how old are the gospels written in New Testament whereas going by the each scripture portion, it depicts the sanctity and power of Jesus on earth. Even in the letters written by Apostle Paul, there are no citations or discussion about Mary Magdalene as the bearer of Holy Grail. In the garden of Gethsmane, before the arrest of Jesus while Jesus was praying (John 17:1-26) (Mark 14:35-39, Mat 26:36-44). Therefore, historical evidence prove that Mary Magdalene as the bearer of Holy Grail whereas Holy Bible New Testament does not carry or state any scripture in this regard neither by Gospel writers nor essentially by Apostle Paul who has written 22 letters on the gospel of Jesus Christ which indicate that it was St. Paul who has brought a daylight to Christianity. 8. Conclusion Whether a fiction or a fact that is based on Dan Brown’s The Da Vinci Code, according to the New Testament, Jesus came into the world as Messiah, â€Å"Behold, a virgin shall be with child, and shall bring forth a son, and they shall call his name Emmanuel, which being interpreted is, God with us (Mat 1:23). The teachings of Jesus especially sermon on the mount Mat 5:1-19, miracles, parables and teachings are closely relevant to this day and the application and implementation of these theories have always given perfect results which is why Christianity is considered to be a fruitful and life giving religion in the world and any contradictory theories to this effect would disappear through the time whereas the teachings of Jesus, the works of Holy Spirit would continue to lead believers. References Bart D. Ehrman, Peter, Paul, and Mary Magdalene http://books.google. co. in/books? id=WsQpdzzC7oMCdq=Mary+Magdalenepg=PP1ots=FFCegubqjvsource=insig=isSozHQC45SGH8zIgm9Q3UUlMhl=ensa=Xoi=book_resultresnum=11ct=result Meera Lester (2005), Mary Magdalene Accessed 5 December, 2008 http://books. google. co. in/books? id=LIMBrOJ0zGgCpg=PA31lpg=PA31dq=Mary+Magdalene+and+Holy+Grailsource=blots=YJoq3ZwQ4ssig=JKSjW0tdg73-fsxgOVsO-LDoc_shl=ensa=Xoi=book_resultresnum=8ct=result Mary Magdalene and The Holy Grail Accessed 5 December, 2008 http://www. newconnexion. net/article/05-05/mary_magdalene. html

Laws of Concentration and Centralization: A Modern Review

Laws of Concentration and Centralization: A Modern Review Sourish Dutta Abstract Though the basic (late 1860s) Marxian model, under capitalist mode of production, assumes (more or less) perfectly competitive markets with a large number of small firms in each industry, Marx was cognizant of the growing size of firms, the consequent weakening of competition, and the growth of monopolistic power. Hence, capital has the inclination for concentration and centralization in the hands of richest capitalists. Actually, the concentration and centralization of capital are two capital accumulation techniques. Such concentration and centralization of capital can be clearly detected at this modern time—especially in the USA—in the massive occurrences of the mergers, acquisitions and conglomerates. In this assignment, henceforth, I will be trying to cultivate an analytical discussion about these two interlinked concepts and their implications and repercussions in this modern world of capitalism. Prologue The contemporary financial catastrophe of 2008 brings back the Marxian laws of concentration and centralization of capital in the modern form. They are often confused but must be clearly distinguished. Marx explained it most famously in chapter 25 of volume 1 of Capital. Though his dynamic intellectual exploration engrossed in the industrial capital, the same tendency holds with respect to financial capital in present scenario. With the increasing mass of wealth which functions as capital, accumulation increases the concentration of that wealth in the hands of individual capitalists, and thereby widens the basis of production on a large scale and of the specific methods of capitalist production†¦ It is concentration of capitals already formed, destruction of their individual independence, expropriation of capitalist by capitalist, transformation of many small into few large capitals. This process differs from the former in this, that it only presupposes a change in the distribution of capital already to hand, and functioning†¦ Capital grows in one place to a huge mass in a single hand, because it has in another place been lost by many. This is centralisation proper, as distinct from accumulation and concentration. In brief, by concentration we make out the upsurge of capital that is due to the capitalisation of the surplus value originated through accumulation of surplus value of labour. Indeed, increasing concentration of capital occurs as individual capitalists accumulate more and more capital, thereby increasing the absolute amount of capital under their control. The size of the firm or economic unit of production is increased correspondingly, and the degree of competition in the market tends to be diminished; under centralisation we understand the joining together of various individual capital units which thus form a new larger unit. Actually, more important reason for the reduction of competition is the centralization of capital. Centralization occurs through a redistribution of already existing capital in a manner that places its ownership and control in fewer and fewer hands. Marx maintained that larger firms would be able to achieve economies of scale and thus produce at lower average costs than would smaller firms. However, concentration and centralisation, influence one another. A great concentration of capital accelerates the absorption of small-scale enterprises by large-scale ones; conversely, centralisation aids the increase of individual capital units and so accelerates the process of concentration[1],[2]. Beside this, recent experience of financial crisis also conveys a new phenomenal dimension in the context of Marxian crisis in capitalist mode of production. This phenomenon gives rise to the doctrine of Too Big to Fail (TBTF)[3]. Rationale behind these laws The main logic behind these two laws of capitalism is the force of capital accumulation or the self-expansion of capital. Here we have to note two distinct concepts, namely, individual capital and social capital. Marx observes: The fact that the social capital is equal to the sum of the individual capitals (including the joint-stock capital or the state capital, so far as governments employ productive wage-labour in mines, railways etc., perform the function of industrial capitalists), and that the aggregate movement of social capital is equal to the algebraic sum of the movements of the individual capitals, does not in any way preclude the possibility that this movement as the movement of a single individual capital, may present other phenomena than the same movement does when considered from the point of view of a part of the aggregate movement of social capital, hence in its interconnection with the movements of its other parts. †¦Every individual capital forms, however, but an individualised fraction, a fraction endowed with individual life, as it were, of the aggregate social capital, just as every individual capitalist is but an individual element of the capitalist class. The movement of the soci al capital consists of the totality of the movements of its individualised fractional parts, the turnovers of the individual capitals. The self-expansion of individual capital is accomplished through the appropriation of surplus value by maximizing the rate of profit, while the movement of the social capital leads to the equalisation of rates of profit. Individual capital is a thing as well as a relation, and so is the social capital; moreover, the social capital denotes another dimension of social relation, namely, the relation between industrial, financial and commercial branches, and also between branches, sectors and departments of the productive system. Nevertheless, it is also to be noted that in a capitalist economy, state capital is an integral part of social capital. In juridical form, state capital is indeed different from private joint-stock capital, but its movements determine, and are determined by, the movements of social capital. Concentration The other name of self-expansion of individual capital is concentration of capital, according to Marx. It has nothing to do with the statistical concept of concentration ratio on the pattern of Gini, Lorenz or Atkinson. The concentration of capital in the Marxian sense is measured in absolute terms with reference to a single individual capital, without regard to the rest of the individual capitals; in other words, it is not a ratio of any two magnitudes. At one place Marx says that simple concentration of the means of production and of the command over labour is identical with accumulation, and at another he equates the rate of self-expansion of the total capital with the rate of profit. Every individual capital is a larger or smaller concentration of the means of production, with a corresponding command over a larger or smaller labour-army, says Marx. Every accumulation becomes the means of new accumulation. Clearly, by concentration Marx does not mean anything like the Gini coefficient or the Lorenz ratio. Now, accumulation is the prime mover of capitalism, and concentration increases with accumulation. Since the rate of profit is uniform throughout the economy, should every capitalist accumulate the entire profits (or equal pro- portion of profit) then each individual capital would grow at the same rate. In that event, there would be a continuous rise in the concentration of capital in the Marxian sense, but not so in the usual statistical sense. To put it differently, a constancy in the statistical concentration ratio does not imply a cessation of the Marxian concentration of capital. Movements of social capital tend to bring about equalisation of profit rate throughout the economy, but in fact profit rates do vary from one branch of production to another at any given period. Besides, as we know, one portion (of the surplus value) if employed as capital, is accumulated 13 and the portion of this plough-back may not be the same for every individual capita- list. A bigger capitalist accumulates a larger percentage of the surplus value appropriated by him. Hence, the rates of self- expansion of various individual capitals-that is to say, their rates of concentration-differ. If the bigger capital effects a higher rate of self-expansion, then the statistical concentration ratio would rise with the Marxian concentration of capital. With the rising concentration of capital a qualitative change takes place-the organic composition of capital goes up, and hence the rate of profit declines bringing in its trail a crisis which we shall take up for discussion below. [1] http://www.economictheories.org/2008/07/karl-marx-concentration-and.html [2]N.I. Bukharin: Imperialism and World Economy [3] According to some economists, when banks and finance corporations become too big, their failure has systemic implications, inflicting collateral damage on individuals who may have nothing directly to do with those banks or corporations. Governments then feel compelled to rescue these large entities in order to minimize the collateral damage, and the anticipation of such bailout promotes reckless behaviour.

Effects of Audit Fees on Audit Quality

Effects of Audit Fees on Audit Quality Chapter 1 In this part of dissertation, there is a grief introduction about this dissertation, which includes the following context: the background and overview of related researches in this paper; the motivation for doing this study and a introduction of the structure of this paper. Introduction Firth (1997) notices that the responsibility of auditor is reporting comparative correct financial information to shareholders in an independent position. However, what makes regulators concern more about is the client-auditor relationship, especially the economic relation, which formed in the long-term cooperation may have impact on auditors independent position. For a long time, because of the dependence of auditors fees on client firms, therefore, the controversy about whether this economic dependence might impair auditors independence position and audit quality make many empirical researches in the area. The impairment of audit independence caused by the economic relationship will result in the audit opinion shopping. Previous studies consider about the affects of audit fees on audit quality in two ways: high audit fees paid to auditors may be the reflection of the complexity of auditing process and also increase auditors effort. However, on the other hand, large audit fees paid to auditors might easy to build the economic bonding between client and auditors, thus, auditors are easy to compromise to audit independence, as the fear of losing highly profitable fees. Though a lot studies have researched the relationship between audit fees and audit quality, most of the studies just have blue results for their studies (Hoitash, Markelevich and Barragato, 2007). Basing on the theory that examining the fees paid by client firms will better analyze the relation between audit independence and audit quality, this paper uses the methodology consistent with the way used in previous studies, i.e. Kinney and Libby (2002), Choi, Kim and Zang (2006), Hoitash et al (2007), in which develop a methodology that is depended on the notion that audit fees related to expected fees have effect on audit independence and quality. Therefore, being same as previous studies here will use to audit fees model to measure the expected fees in order to compare with the actual fees paid to auditor. Using the methodology in Choi, Kim and Zangs (2006) study, the differences between actual fees and expected fees are divided into two parts: the positive one and negative one, which helps us to compare whether there is any different reflection when auditors are paid less or excess their expectation. As for the proxy for examining audit quality, the discretionary accruals mode l which drawn from previous literature are selected. As suggested by Choi, Kim and Zang (2006), the modified Jones model for discretionary accruals is used in this paper. The variables in models are selected according to previous studies which consider the influence on audit fees from perspectives of client firms sizes, auditing risk, complexity and the size of audit firms (Chan, Ezzamel and Gwilliam, 1993). Beside dividing abnormal fees into positive subsample and negative subsample, the combined sample is cut into other two subsample which are based to the sizes of audit firms, which aims to examine the different behaviors to audit fees between BIG4 auditors and NON-BIG4 auditors. Thus, the objective in this paper is to prove whether abnormal fees might result in lower audit quality and whether there is different behavior to abnormal fees between BIG4 and NON-BIG4 auditors. Continuing the previous study which is finished by Chan, Ezzamel and Gwilliam (1993), this study uses the data collected from UK market in order to find out related evidence from this market and 787 observations cover the period from 2006-2008 are collected from UK quoted public companies will help to examine audit fees paid to auditors. In addition to examine the relation between abnormal audit fees and audit quality, this study also follows the investigation which is finished by Ashbaugh, LaFond and Mayhew (2003) which focuses the study on whether the payment of non-audit fees has influence on audit independence. To extent this study, the paper here will test the ratio of non-audit fees to total fees paid to auditors which aims to find whether there is a positive relation between increased ratio of non-audit fees and decreased audit quality. Being different with Ashbaugh et als (2003) research which analyzes non-audit fees in full sample, this non-audit fees here will be analyzed in subsample with positive abnormal fees and subsample of negative fees respectively, thus, whether non-audit fees have different influences on audit quality when auditors are paid higher or lower fees than their expectation should be examined. The motivation for doing this study is based on the aim that finding out whether the economic bonding between auditors and client firms is existed really, as this relationship is one of the most controversial topic in public and academic area, especially after the Enron even and the failure of Anderson, this topic motivates more and more interesting in this area. However, according to the results of previous studies, many studies failed to prove the existent of this relationship between auditors and client firms, and the results in other relative studies are ambiguous. Moreover, because of active economic environment and accounting events, most studies paid attention on American market, as for other markets, seldom of relative investigations can be found. The aim in this study is try to find out relative evidence from UK market. The structure of this paper follows: the next part is a literature review in related area which introduced both early and latest studies; and then is the development of hypotheses the resource of relative theory and the contribution of hypotheses are included in this part. The design of methodology is presented in chapter 4 which has a description of important models in detailed. Furthermore, the chapter after it is the description of sample and the result of test, which is also the center of this study. The limitation and conclusion will be displayed in the last chapter which gives an overview and comment of this study. Chapter 2 There is a literature review of relative studies in this part. The literature review covers the studies in relative area which includes the result of studies and the development of methodology related to the investigation. The primary previous studies are displayed and concluded in this chapter. 1. The importance of auditor independence Since the collapse of Enron in US and the scandal of Andersen, the worlds capital market confidence was reduced (Beattie and Fearnley, 2002). A large of the attention is paid on accounting and auditing practices, especially on the auditor independence. As some scholars (Beattie and Fearnley, 2002) point about that the independence of auditor is the base of the public confidence to audit process and the guarantee of the quality of financial information. In addition to this, rather than a benefit to investors, auditing also reduces the cost of information exchange for two sides (Douch, 1980 and Simunic, 1982). From these words, we can easily know that a high quality of auditing information might ensure the reliability of market information, therefore, many experts in this area focus their empirical researched on factors for the reduction of auditor independence in order to find out the reasons for impairing auditor independence. The economic bonding between client and auditor account f or an important position in this kind of research. 2. Review on the payment of high audit fees on opinion shopping DeAngelo (1981) shows the evidence through investigating the low balling phenomenon in audit market that when audit firms have a significant economic benefit on client firms, audit quality and independence are easy to be reduced. The same as DeAngelos (1981) research, Magee and Tseng (1990) also have similar conclusion. Authors extend the previous research (DeAngelo, 1981) to find out in which condition the economic bonding may lead to the impairment of audit independence. The study provides a result that when auditors compensation is tied to the decision of audit opinion and then, their independence is more likely to compromise to economic bonding. Frankel, Johnson and Nelson (2002) take the research in this area to provide empirical evidence for the relation between audit fees and earnings management. Their study is based on data selected from 3074 proxy statement listed in SEC in the period from Feb 5, 2001 to June 15, 2001. The evidence of this research confirms the assumption th at there is an association between audit fees and the possibility of the compromise of audit independence. Kinney and Libby (2002) continue the research from Frankel, Johnson and Nelson (2002). Through analyzing the empirical research which has been done in the previous study, authors draw up a conclusion that auditors are probable to loss their independence in reducing their willingness to resist with client-induced biased in reporting audit opinion, when there is a strong economic benefit between auditors and clients. However, some empirical tests in the same area conclude the opposite results. Craswell, Stokes and Laughton (2002) do the research to indentify whether fee dependence have impairment on audit independence. They do the research from both aspects of national market level and local market level, but they find evidence neither from national market level and local market level can demonstrate that fee dependence has negative impact on audit quality. In other words, the economic bonding is not existed in the auditor-client relationship. In the following paragraphs, literature review about the impact of abnormal audit fees and non-audit fees on audit opinion shopping are shown. 2 .1 The review of abnormal audit fees on opinion shopping From the literature review above, the evidence for the opinion shopping through the behavior of paying high non-audit fees is still absent. And some auditors (Kanodia and Mukferji,1994) point out that switching incumbent auditors cause clients loss initial engagement and negotiate fees, beside this, switching auditors is less likely for client firms to achieve clean opinion (Chow and Rice, 1982) and event more conservative audit opinion (Krishnan, 1994). Therefore, comparing with paying high non-audit services fees and switching auditors, paying auditors with higher audit fees is a more efficient and less risk approach in opinion shopping (Fang and Hong, 2004). However, although there are some proofs can provide the assumption that higher audit fees, on some extent, can exert impact on audit quality, to analyze the relation between abnormal audit fees and audit quality, there are many factors should be concerned about, as these factors (no just economic bonding) also result in high fees. Some practitioners extend their research in this area by analyzing the association abnormal between audit fees and the changes in audit opinions. Hoitash, Markelevich and Barragato (2007) consider the high audit fees paid to auditors on two aspects: one is the positive side which suggests paying high fees can increase auditors effort in their jobs, thus, the quality also be improved; the other is the negative side which suggests that high audit fees paid to auditors may enhance the economic dependence on clients, thus, auditors independence is easy to compromise to economic benefit and audit quality also reduced. In the research, they examine the fees paid to auditors between the period over 2000-2003, using two metrics to assess audit quality: the accruals quality measure and the absolute value of performance-adjusted discretionary accruals. They predict abnormal audit fees by using pricing model from previous studied Simunic (1980), and consider about the factors may have impact on fess pricing, such as risk, complexity, and company size. The outcome of this investigation shows the conclusion that abnormal audit fees might result in economic bonding and thus impair audit quality. Similarly, Choi, Kim, and Zang (2006) have the same category of abnormal audit fees: the positive abnormal fees and the negative abnormal fees, the sample in this research constituted by the data collected from 9820 listed large companies audit fees observations during 2000-2003 period. Study also choose model from Simunic (1980) to estimate the audit fees. The result of the regression model shows that evidence that the possibility of auditors independence compromise to economic bonding is depending on whether clients may pay higher audit fees than the normal fees. In another word, audit quality will be impaired by abnormal fees. Fang and Hong (2004) also issue the opinion about the abnormal fees that high fees paid to auditors may be caused by the real improvement in companies; therefore, the positive increase in audit opinion may also cause the increase in audit fees. Authors examine the relation between abnormal audit fees and audit quality by comparing the audit opinion in present year with the prior year, and find out the association between the abnormal fees and the changes of opinions. The database in this research is comprised by Chinese listed companies during the period from 2000-2002. Through the testing in regression model, authors find that the result is consistent with the positive relation between abnormal audit fees and improvement in audit opinion, which provides evidence that client companies succeed in opinion shopping through overpaying to auditors. 2.2 The relation between the size of audit firms and audit quality But one point worth researcher to notice is the higher payment of audit fees does not mean the tendency of opinion shopping necessarily. Some evidences from other area can proof that the purpose of opinion shopping is not the only reason of high audit fees. Simunic (1980) issues his opinion in the research of audit pricing that the competition in audit market is function of fees pricing. The same as this theory, the research on the low balling behavior (DeAngelo, 1981; Kanodia and Mukferji, 1994) confirm the opinion that competitive market will produce influence on audit fees. In addition to this, the audit firm sizes, the quality of auditors also have effects on audit price. Francis (1984) analyzes the effect from audit firm size on audit fees. Author researches for the evidences by comparing the differences of audit fees of Big-8 (Big-4 now) firms and of non-Big-8 firms over the period from 1974-1978 in Australian market. The research provides the evidence that there is larger size audit firms will result in higher audit fees, at the same time, study demonstrates that higher audit fee is consistent with higher audit quality. The similar research is done recently by Choi, Kim, Liu and Simunic (2008) through using a large sample from 1 5 countries and a cross-country regression. Beside this, study links the research to audit characteristic and legal environment. After analyzing the difference between the fees in Big-4 firms and non-Big-4 firms, authors achieve the conclusion that the relation between firm size and the level of audit fees is existed. According to the interview finished among auditors (Chan, Ezzamel and Gwilliam, 1993), the BIG 6 and NON-BIG6 (BIG4 now) auditors confirm that the BIG6 premium might exist if comparing with very small audit firms, but no medium size firms. The interview here reflects a phenomenon that the difference in audit fees between BIG4 and NON-BIG4 audit firms are not so obvious. 2.3 The payment of non-audit services fees on opinion shopping The provision of non-audit services by audit firms to client firms is another controversial topic in opinion shopping. Policy makers argue that the provision of audit and non-audit services to same clients is possible to reduce the level of auditors independence (Houghton and Ikin, 2001). At the same time, auditors protect themselves by arguing that supplying non-audit services does not impair their independence, because these works are often be done by different partners and staff. For a long time, researchers have never stopped investigating in the area. 3. The influence of non-audit fees on audit independence As to the audit independence, there are many definitions for it. DeAngelo (1981a, p.186) defines audit independence as the conditional probability of reporting a discovered breach; Knapp (1985) provides the definition as the ability to resist client pressure; the definition from AICPA (1992) is an attitude/state of mind; according to Magill and Previts (1991) definition, audit independence is a function of character, with the attributes of integrity and trustworthiness being key and ISB (2000) defines audit independence as the freedom from those pressure and other factors that compromise, or can reasonably be expected to compromise, an auditors ability to make unbiased decisions. Although there are somewhat differences between those definitions of audit independence, they have a common point that is the importance of objectivity and integrity (Beattie and Fearnley, 2002). Beside provide the audit services to clients, audit firms also provide other services to clients, these services are called non-audit services, such as management advisory and consulting, but the compliance related services, such as taxation and accounting advice, are also included in them. However, as many experts (Beattie, Brandit and Fearnley, 1996) point out that this kind of non-audit services related closely to the annual reporting round. Therefore, the use of consultancy for non-audit services is somewhat wrong. What is discussing most in academy about the provision of non-audit services is the potential conflict of interest faced by audit firms who receive large non-audit fees from their audit clients. For example, after the Enron case, it was disclosed that Andersen received $25m in audit services fees and $27m for non-audit fees (Beattie and Fearnley, 2002). So, such high non-audit services fees paid to audit make public and scholars to suspect that the provision of non-audit services increases the economic bonding between auditors and clients. Many investigations are based on the assumption that the provision of non-audit fees reduces auditors independence, as they fear for losing high profit engagement with clients in the future; therefore, they are probably to give up independence for high profit. 3.1 The review of the researches in association between non-audit fees and audit quality In the early 1980s, researchers had found that the percentage the revenues from providing other services in audit firms had increased lot (Barkess and Simnett, 1994). The early empirical study is done by Simunic (1984). Author establishes his study on the assumption that those client companies who purchase non-audit services have a higher audit fees paid to auditors than audit fees from those companies who do not purchase non-audit services, and both of them hire the same incumbent auditors. In this investigation, author just focus the test in Big-8 (Big-4 now) firms, which avoids the differences on audit quality, and selects a database compromise of 397 US listed companies. From the research, he finds out than there is a positive relation between non-audit services and audit fees. Simon (1985) continues previous research (Simunic, 1984) in this area by using more recent data in the period from 1978-1983. His research depends on the voluntary disclosure from proxy statements (the non-audit services fee is not disclosed that time). His research also produces the result that client firms who purchase non-audit services have higher audit fees than those companies without the engagement of non-audit services with audit firms. The evidence from UK market (Ezzamel, Gwilliam and Holland, 1996) constitutes the research on the data from 314 UK listed companies. From the study, authors found out similar result consistent with previous researches (Simunic, 1984; Simon, 1985). To be different from above studies, this study joints non-audit services with other factors together to investigate the effects on audit pricing. Many previous researches have confirmed the phenomenon that the positive relationship between the purchase of non-audit services and higher audit fees paid by clients exists. But the existence of this relationship causes regulators, practitioners and publics attention about whether this economic bonding between client firms and auditors might impair audit independence. Barkess and Simnett (1994) concern about independence on two aspects, one perspective is to examine whether those clients purchase other services from auditors are less likely to receive qualified opinion; the other one is the determination of the relationship between the provision of other services and audit service by comparing those companies who provide non-auditor services but do not change auditors and those companies change auditors. In the study, the sample is compromised by the Top 500 listed companies in Australia for each of the years from 1986 to 1990. From the study, they conclude the result that 85%of the companies in the research purchased non-audit services from the incumbent auditors and the increase in the percentage in stable in the period. In addition to this, their result supports the point that there is a positive relationship between audit fees and the provision of non-audit services. As far as the audit independence concerned, their research show that there i s not identified relationship between the supply of non-audit services and the type of audit report, as they found that there were 308 qualified opinions in the total sample of 2094 audit reports. Therefore, they concluded that there was not enough evidence can demonstrate the hypotheses that auditors were less likely to issue the qualified opinion when the level of non-audit services to clients was higher. In other words, the provision of other services does not impair audit independence. However, Wines (1994) concluded the opposite result by testing 100 public companies on the Australian Stock Exchange at 30th June 1980, in the sample, 24 of these companies were failed to do the test, therefore, and author examined the 76 left for over the period of ten years. From the test in these 76 listed companies, author drawn up the findings that 7 of 76 companies paid a higher level of remuneration for non-audit services to auditor than the provision of audit services and those companies with non-qualified opinion had higher payment of non-auditor services fees than those companies with qualified opinion (28 companies. Hence, Wines gives the summary that the evidences from the research in 76 listed companies associate with the assumption that the provision of non-audit services has impairment on auditors independence. Wines (1994) also points out the limitation in his research is difficulty in assessing audit quality by considering the frequency with which auditing firms iss ue qualified opinions. However, one problem in Barkess and Simnett (1994) and Wine (1994) studies is that their sample is not large enough in test. Craswell (1999) makes advantage in his study by using a larger data sample and makes the evidence related to auditors actual decisions. The fiscal-year data chose by author to examine are obtained from who audit Australia, the sample is consisted by 885 public listed companies in 1984, 1477 in 1987 and 1079 in 1994, the results show that in each of the year (1984, 1987, 1994) the result does not associate with the assumption that non-audit services have negative effect on auditor independence, which is consistent with Barkess and Simnett (1994). But one limitation in his research is that this study just compares the companies with qualified opinions with those companies with unqualified opinions, while a better test should compare the companies with qualified opinions with such companies with clean opinions but experienced problems and likely to raise qualifications. Although most of the investigation have done by researchers show that the provision of non-audit services does not impair audit independence, regulators still hold the assumption that auditors will prefer to give up their independence in order to obtain more non-audit services fees from clients (DeFond, Raghunandan and Subramanyam, 2002), especially after the Enron accounting scandal. In 2002, the Sarbanes-Oxley Act (the Act) imposed the prohibition on the provision of non-auditor services, which based on the direction of enhancing auditor independence, reducing conflict of interest and the concern that all non-audit services were not created equal (American Institute of CPAs, 2002). At the same time, the US Securities and Exchange Commission (SEC, 2002) made the revision the Commissions regulations related to the non-audit services, which are consistent with the content in Sarbanes-Oxley Act. After the prohibition on non-auditor services added in Sarbanes-Oxley Act and SEC was carried out, many scholars continue the prior researches in this area. Frankel, Johnoson and Nelson (2002) used a sample constituted of 3074 proxy statements, used two indicators (discretionary accruals and the likelihood of firms meeting earning benchmark), to test whether audit independence would be reduced when the non-audit services grew. The consequence of the research indicates the evidence that there is an association for the assumption that auditors likely tend to sacrifice their independence when the non-audit services fee is high. Ashbaugh, LaFond and Mayhew (2003) continued this research, but the conclusion challenges the results made by Frankel, Johnoson and Nelson (2002). In the test, they used the same indicators as prior one. In the test, they find that there is no relation between positive discretionary accruals and auditor fee metrics; furthermore, their test proof that the relatio n between fee ratio and the likelihood that firms beat analysts forecasts is not existed, in other words, auditors independence will not compromise to clients high non-audit services fees. 4. Review of the development of models In empirical studies, the relative models will help to connect independent variables together in order to analyze the relation between each variable. In the study of the relation between audit fees and audit quality, the most important models are the model for measuring audit fees and audit quality. In this part, a review of the development and modification of two models is displayed. 4.1 Review of the development of audit fees model Since Simunic (1984) develops the audit fees model in order to predict the expected audit fees, the model has been developed lot in these years. In the beginning, Simunic (1984) provides the theory that the audit fees level will be affected by the several factors, such as the client firms sizes, the complexity of auditing process, audit firms sizes and audit risk. The following scholars provide the related variables for model which the used to decide expected audit fee. Chan, Ezzamel and Gwilliam (1993) point out in their study audit size is an explanatory variable which has important influence on the determinant audit fees. In the study, authors suggest to use the measurement of turnover to control audit size, which is also the measurement of client firms sizes. However, the use of turnover as determining is not unproblematic because the definitions of turnover are varying widely between companies and industries. Therefore, to measure audit size and client firms sizes, many researchers choose the total assets as variable. To consistent with previous studies, Ashbaugh, LaFond and Mayhew (2003); Choi, Kim and Zang (2006); and Hoitash, Markelevich and Barragato (2007) use the nature log of total assets to control client firms sizes and audit size. In addition to using total assets and turnover as proxies to audit size, on most investigations, likes Ashbaugh et al (2003) choose the number of employees to quantize audit size. Both of these scholars use number of business segments and geographic areas in measuring audit sizes. As for the measurement of complexity of audit process which is another reason for increasing audit fees, Chan et al (1993) suggest to use the number of subsidiaries to measure it. According to previous studies (Ashbaugh et al ,2003; Hoitash et al ,2007), the proportion of foreign subsidiaries will have influence on the increase of audit fees, therefore, the ratio between foreign subsidiaries and total number of subsidiaries is selected to measure this effect on audit fees. Furthermore, Choi, Kim, Liu and Simunic (2008) use the ratio of the sum of inventories and receivables to total assets to present complexity. Lastly, the dummy of gain or loss before extraordinary items is a popular variable in latest studies, such as the study in Hoitash et al (2007). The level of risk in audit processing is another factor causes increase in audit fees. Turley and Cooper (1991) provide the hypothesis that there is a positive relation between audit risk and audit fees. Chan et al (1993) predict higher risk makes consequence in higher audit fees is because auditors want to take the excess fees than normal level as an insurance premium and this hypothesis is supported by interview findings. Most of previous studies focus on using such variables as liquidity ratio (the ratio between current liabilities and current assets), and gearing ratio (the leverage), to test the level of audit quality. However, as previous scholars point out that the audit risk which is the reflection of the nature of the business of the enterprise and the control of enterprise is difficult to measure. Therefore, the subjective judgments in measuring audit risk are hard to avoid. The level of client firms performances is will also has impact on audit fees. According to the interviews between audit partners (Chan, Ezzamel and Gwilliam, 1993), it is confirmed that there is a link between the level of client firms profitability and the level of audit fees, and the association between them is negative. Furthermore, it is commonly agreed that when a client is facing with financial pressure is more likely to ask for controlling overhead costs wich might be result in higher audit fees. To measure the level of this variable, Chan et al (2003) use the return on equity to measure it, while other researchers like Hoitash et al (2007) and Chan, Kim, Liu and Simunic (2008) use the return on assets to measure this. Beside variables above, there are other potential reasons which might also cause the changes in audit fees. However, seldom of previous studies pay attention on these potential variables (Chan, Ezammel and Gwilliam, 1993) according to the study finished by Chan et al (1993), the control of ownership is also one of the variables in audit fees model. The hypothesis in their paper makes the assumption that the extension of audit services will be a factor in the ownership control as companies with a diverse ownership structure are required a higher quality audit. Therefore, the audit fees are increased. However, it is difficult to measure the extension of ownership control directly. The timing variable is another reason in the fluctuation of audit fees (Chan et al, 1993). According to the audit season in UK market, the accounting year between 1 December and 31 March is the busy season, others are non-busy, and the former season will increases audit fees as auditors have a comparatively shorter deadline in it. Moreover, though test, authors find that the legal liability also have impact on the level of audit fees, as the evidences demonstrate that legal liability is a fee-increase factor. Lastly, other variables, such as the location of auditors, are seldom be used as variables in investigations. 4.2 Review of the development of discretionary ac

Essay --

e Rush Professor Amita Topics in History: Buddhism December 16, 2013 â€Å"Finding Oneself in a Suffering Based World† ACADEMIC INTEGRITY PLEDGE On my honor, I have neither received nor given any unauthorized assistance on this examination (assignment). ___________Paije Rush_______ Print Name ____________Paije Rush______ Signature (Print Name again on e-submission) __________December 17, 2013________ Date All of our problems and suffering originate from confused negatives states of mind and all happiness and good fortunes derive from peaceful and positive states of mind. In this course, we have learned about the Buddha, the Dharma, The Four Noble Truths, the cause and effect of suffering in one’s life. In this course I have learned to creatively and critically analyze literary materials learned through the Buddha’s insights from over 2,000 years ago. I was taught methods for gradually overcoming negative minds such as anger to develop minds with love compassion and wisdom, attributes that are obtained through experience. Topics in History of Buddhism has taught me that Buddhism is a religion of its own that you learn through practice and experience rather than a belief. This idea is a little complicated for some to grasp. In our culture, â€Å"religion† is a better system and â€Å"faith† is one’s way of accepting those beliefs. The Buddha has taught us to accept no teachings without testing them. Instead of believing in teachings one should practice the teachings to realize the truth of them. In Buddhism there are three general levels of the communication. There is the enlightened level, the intellectual level, and the common level. Within these three levels enforces the learning and practicing of the Buddha’s teachings. With le... ...ous life changes. They went from having extremely poor behavior to influencing others to be involved in such an inspirational journey. Overall, from this course I have obtained the notion that overcoming suffering truly depends on the person and their dedication to wanting to free themselves of suffering, pain, violence, and fear to live a liberated life. As long as we are enveloped in ignorance, one’s thought of self, the world, and anything else is just a theory until proven to be true. One must grasp the idea that extinction of desire, Nirvana, and following the steps on the path to liberation is the ultimate goal of a suffer-free life. Once one can successfully cultivate one’s mind so that they are free from the delusion of â€Å"I† and the craving for the wrong type of pleasures, one can then see oneself for themselves and the have a clear understanding of reality.

Urban Legends on the Web Essay -- Exploratory Essays Research Papers

Urban Legends on the Web Urban legends are fascinating to almost everyone, and it would follow that there would be many websites available for the discussion of them. A simple search turns up thousands of "hits" on the subject, so how do we know which ones to believe? A good research site will have detailed information explaining the confirmation or rejection of the legend. References must be cited, especially when a legend is being "proven" as true. In addition, the site should also be easy to navigate and convenient. In my own curiosity, I have come across two sites that are excellent, the About.com Urban Legend Guide, and the Urban Legend Reference Page found at www.snopes.com, which was created by the San Fernando Valley Folklore Society. In contrast, there are websites (not to mention e-mail chain letters) that perpetuate false legends, and those that just do a poor job of evaluating them. In this category is the Urban Myth Archive, an amateur archive of myths heard in New Hampshire and Monkeyburgers, a site filled with interesting legends, but lacking adequate proof to back the conclusions. The About.com Urban Legend Guide, address, http://urbanlegends.about.com/culture/beliefs/urbanlegends/mbody.htm?COB=home&PM=112_100_T, is an invaluable resource for researching urban legends. Upon signing into the page, the reader is given a list of topics to choose from, which always includes currently circulating hoaxes and legends as well as an archive full of information on every conceivable legend and internet hoax. Around Halloween time, of course, there are ghost stories and legends of the past that are explained and critiqued, but I found the most interesting section to be the one on e-mail hoaxes. Every individual with a... ...good research tool, but it needs some more concrete evidence. After all, how can we believe that the author is correct without proof? That is as silly as believing an urban legend just because your brother's girlfriend's cousin told you so. In my search for urban legend sites, I found an incredible amount of information on the net, some of it high quality, professionally presented information, and the rest simply unverified. The truth is that the connection we experience as part of the World Wide Web can either work for or against us. If we choose to evaluate information carefully before we accept it, and, more importantly, before we pass it on to others, the Web is invaluable. If, however, we take the information from a website and assume it is true without adequate proof, we are just perpetuating myths and untruths. This is the importance of critical reading.

Analysis of the Patient Protection and Affordable Care Act of 2010 Essa

Introduction In 2010, the United States took the first tangible step toward universal health care coverage, with the legalization of the Patient Protection and Affordable Care Act of 2010. According to the U.S. Census Bureau’s most recent report the total population of the United States is nearly 309 million people (U.S. Census Bureau, 2010). In 2009, it was estimated 49 % of the population was covered under an employer sponsored insurance plan (Kaiser Family Foundation, 2009). The same 2009 data reported an additional 29 % of the population was covered under some form of government or public program (Kaiser Family Foundation, 2009). Leaving 17 % of the U.S. population vulnerable without any form of health insurance coverage (Kaiser Family Foundation, 2009). It is this minority that the Patient Protection and Affordable Care Act of 2010 will protect. Politicians speak of the nearly 50 million uninsured Americans in generalities but who are these at-risk people; the answer is a complex one (Kaiser Family Foundation, 2011). To begin with the 80 % of the uninsured are U.S. citizens (Kaiser Family Foundation, 2011). It is estimated that 60% of the non-elderly uninsured have one or more full-time workers in the household and in a family of four the estimated family income is less than $22,050 per year (Kaiser Family Foundation, 2011). If categorized by age the largest portion of the nonelderly uninsured, according to studies, is the young adult cohort (Kaiser Family Foundation, 2011). Access One of the chief objectives of the new legislation is to provide insurance coverage for all citizens ensuring access to medical care for all and this begins with expanding the coverage for the young adult ... ...mmission on Medicade and the Uninsured: http://www.kff.org/uninsured/1420.cfm OpenCongress. (n.d.). Health Care Bill - H.R.3590: Patient Protection and Affordable Care Act - U.S. Congress - OpenCongress. Retrieved October 31, 2011, from Open Congress for the 112th United States Congress: http://www.opencongress.org/bill/111-h3590/show Sherman, P., Moscou, S., & Dang-Vu, C. (2009). The primary care crisis and health care reform. Journal of Health Care for the Poor & Underserved , 20 (4), 944-950. Starfield, B., Shi, L., & Macinko, J. (2005). Contribution of primary care to health systems and health. The Milbank Quarterly , 83 (3), 457-502. U.S. Census Bureau. (2010). American Fact Finder - Resuldts. Retrieved November 6, 2011, from U.S. Census Buereau: http.//factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=DEC_10_DP_DPDP1&prodType=table