Wednesday, December 18, 2019

Finance 320 Questions on Finance - 910 Words

1. What are the key financial innovations that were developed during the 1980s. This is open-ended so there can be many answers. There are a myriad of financial innovations that were created throughout the 1980s were the result of the proliferation of credit instruments, types of securities, interest rates and rapid adoption of technologies that provided for greater accuracy and speed of trading. The five predominant catalysts of financial innovations during the 1980s including increased accuracy and speed of moving debt-based securities and aggregated investments in real-time from one asset classification to another; greater availability of analytics for measuring and managing risk; more effective data extraction analysis tools for gaining insights into very large data sets not available before; and the creation of more streamlined approaches to managing transactions as well (Dufey, Giddy, 1981) . These five factors are most responsible for securities innovations including pay-in-kind bonds, inflation-indexed bonds, convertible and exchange bonds specifically designed to mitigate risk while controlling short sales of debt equities they were tied to, in addition to the fine-tuning of credit default swaps and interest rate swaps meant to drive down the overall costs and risk of transaction while increasing potential returns (Marquis, Cunningham, 1990). These and other innovations that occurred during the 1980s were also designed to assuage or mitigate the exceptionalShow MoreRelatedHsm-340 Health Services Finance Midterm Exam Answers6611 Words   |  27 PagesHSM-340 Health Services Finance Midterm Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/hsm-340-health-services-finance-midterm-exam-answers/ HSM-340 Health Services Finance Midterm Exam Answers Question 1.1. (TCO 4) Which of the following is part of a statistics budget? 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Tuesday, December 10, 2019

Manage People Performance Work Plan

Question: Develop a work plan for a workplace you are familiar with (or Simulated workplace). The plan should include the following areas: Provide a brief overview of the organization and the operation of the workgroup. Identify stakeholders and describe the communication processes relating to work allocation and determination of available resources. Describe the relationship between the work plan and the operation plan. Explain how work has been allocated to meet efficiency targets, cost effectiveness and required outcomes. Explain the process for confirming performance standards, code of conduct and work outputs and processes with relevant teams and individuals. Explain the process for agreeing the performance indicators with staff. Outline the results of risk analysis undertaken in accordance with the organizational risk management plan and legal requirements. Outline relevant underpinning legislation that must be complied with (OHS, EEO, Antidiscrimination, industrial agreements) Outline the process for monitoring and evaluating performance on a continuous basis. Outline the performance management and review processes used to ensure consistency with organizational objectives and policies. Outline the process for training participants in the performance management and review process. Answer: 1.0 Introduction: In order to maintain the flow of work in an organization, preparing of work plan is typically essential. In this current research report the researcher is going to shed light on the work planning seems to be followed by KFC, Australia. The special focus of workgroup development in this research work is the restaurant waiters. 2.0 A Brief Overview of the Organization: Among one of the fast growing fast food chains of the Australian continent, KFC appears to be the intensive one. Despite originated from America, Van Dooren (2011) has observed in the past 5 years KFC has crossed its national boundary. In 2013 the organization has acquired $23 billion by conducting its business in the different outlets across the globe (Guerra-Lapez, 2014). In Australian continent KFC has significantly expanded its business dimension. Among the tough- smacking food products marketed by KFC are Fried Chicken, French Fries, Chicken Burger and so many (Afrbiz.com.au, 2015). In order to conduct its business, KFC shares the same crown and also stands a step ahead of McDonalds, Pizza Hut, Dominos and other fast food retailing chains. The objective of the bank, as noted by Newcomer and Caudle (2011), is to serve its customers and appease their appetite which may significantly help them to visit the outlet once again. The workgroup maintained by KFC targets at fulfilling the social, ethical and economical responsibilities. 3.0 Stakeholder Analysis: For KFC, essentially managing and controlling of its stakeholders is literally helpful for the economical and financial development. The genuine stakeholders of KFC are: Customers Staffs Investors Shareholders For the restaurant waiters the area of managing the stakeholders is customers and the other fellow staffs and colleagues. As providing a good and sophisticated service to the customers is stated to be the main target of the organization, the restaurant waiters, therefore, need to be aware in their activities (Dandira, 2011). This is to make sure that the customers never feel disappointed by the service. A research of Chung and Wee (2012) identify that in every month, each outlet of KFC in Australia receives a footfall of 70 thousand. Therefore, the communication between the customers and the restaurant waiters is needed to be intrinsic in nature. The persons responsible of allocation of orders are also needed to be convenient so that the pressure must not fall on a single person. Keeping the staffs together and satisfied in a workgroup is the most essential approach needed to be followed. 4.0 Relationship between Work Plan and Operational Plan: Work plan is the initial strategic sketch up which is critically identified by Lloyd (2005), is the structural framework helps in planning of the process of the task to be worked out. On the other hand, operational plan is the process and planning needed to be chalked out for the successful accomplishment of the work plan. KFC has decided to serve the customers within 4 minutes of the order the client places (KFC Australia, 2015). The waiter needs to take the order from the specified table and would be responsible of delivering the plate within the stipulated time. A monitoring team will also be responsible of monitoring this complete process. 5.0 Allocation of the Work: In order to accomplish this operation plan, KFC needs to appoint more waiters for each outlet across Australia. At a time, a waiter will be responsible of taking care of two tables. The process starts with the visitors sits in the table to the moment they pay the bills. Once a waiter becomes free he or she is to be take care of the other table. The target of application of this policy is to appease the hunger of the customer readily and make them feel satisfied intrinsically. If with this quick service the attention of the customers is gained, more people can be turned towards the stores. Although in order to apply this new policy, KFC has to expand a lot but it is expected that it can easily be bridged with more footfall. 6.0 Explanation of the Confirming Process: The waiters are needed to be convenient in their approaches. The customers are to be served with utmost intricacy. A waiter is to be confident and has to be genuine in briefing the available menu to the customers. The group is responsible of understanding the necessities of the customers and is to make them appease for buying of the other available products. The whole team of waiters is responsible of following this process. 7.0 Performance Indicator: The monitoring team is responsible of looking after the operation applied and practiced by the waiters. The target a waiter needs to fulfill in a week if seems to be successfully achieved, his or her work is to be appraised by the KFC authority (Business Insider Australia, 2014). But if the person stands unsuccessful, they will be given two more chances to perform well. If still the consistency cannot be maintained, the person may be sacked. 8.0 Risk Analysis: In order to implement this particular strategy, there are some specific risks that KFC may seem to face. In order to keep coordination between the employees and the monitoring team may always not be significant appropriate. On the other hand, the order of the dish placed by the customer may take some time by the kitchen to prepare, the delay may take place. 9.0 Role of Relevant Legislations: In no way KFC authority appreciates the discrimination. Equity of the employees is expected to be essentially maintained. Industrial agreement of the law of sustainability is agreed to be maintained and followed by the organization in order to apply this strategy. At the same time, Australian Labor Law is also expected to be maintained. 10.0 Monitoring: The management of KFC is responsible of monitoring the performance of the waiters on regular basis that whether they are able to attain the targeted goal. The head of the group is to be responsible for rendering the results of the performance of the employees to the higher authority. 11.0 Performance Management and Training of the Employees: It is needed to be confirming that the employees are efficient and affluent in their approach of performing the job. In different times how the employees work efficiency can be developed is needed to be identified and they are to be trained accordingly. Both on-job and off-job trainings are applicable. The trainer is also needed to be affluent in the approach as well to train the employees. 12.0 Conclusion: Throughout this report the researcher has focused on the different approaches followed by KFC for the development of the organizational ethos. Following of the proper work planning is literally sophisticated which helps in developing of organizational objectives. References Afrbiz.com.au, (2015). AFR Business Case Studies | KFC/Yum! Restaurants. [online] Available at: https://www.afrbiz.com.au/companies/kfc/yum-restaurants.html [Accessed 4 Apr. 2015]. Business Insider Australia, (2014). Australia Has Been Eating More KFC Than Expected. [online] Available at: https://www.businessinsider.com.au/australias-taste-for-kfc-is-exceeding-expectations-2014-8 [Accessed 4 Apr. 2015]. Chung, C. and Wee, H. (2012). Economic Replenishment Plan With Imperfect Production Process And Business-Return Dependent Demand. Asia-Pacific Journal of Operational Research, 29(06), p.1250036. Dandira, M. (2011). The impact of executive directors' service contracts on strategic plan. Business Strategy Series, 12(1), pp.12-18. Guerra-Lapez, I. (2014). Managing the Performance System. Perf. Improvement Qrtly, 26(4), pp.3-4. KFC Australia, (2015). KFC Australia - Home. [online] Available at: https://kfc.com.au/ [Accessed 4 Apr. 2015]. Newcomer, K. and Caudle, S. (2011). Public Performance Management Systems. Public Performance Management Review, 35(1), pp.108-132. Van Dooren, W. (2011). Better Performance Management. Public Performance Management Review, 34(3), pp.420-433.

Monday, December 2, 2019

Making Friends Essays - Friendship, Acceptance, Friends, Depends

Making Friends The process of making a friend is a very unique one. It depends on the person one is trying to become friends with, it depends on one's gender, it depends on one's age, but most importantly it depends one's personality. Every individual is different and how they make friends differs just as greatly. The way I make friends depends heavily on my personality. As an introverted person, I tend to first meet potential friends through what I call forced association. After the initial meeting, I evaluate them and determine whether or not I think they should be my friend. Bonding, specifically male bonding, follows and acceptance is the final stage. Before I can delve into the sometimes mysterious process of becoming friends with someone, I have to divulge some personal information. I am a great believer in personality typing: the theory that a great majority of people fall into one personality type or another. A complete analysis of my personality is not within the scope of this essay, but suffice it to say that I am very introverted. This does not mean I am anti-social, it merely means that new and non-routine interaction with others taxes my energy. The process of making a new friend is by definition a new and non-routine interaction, therefore it is quite difficult for me to initiate the process. This is where the concept of forced interaction comes in. By forced interaction, I mean a situation where another person and I are placed in an environment where we have no choice but to interact with each other. The largest and most important type of forced interaction for me is school, and more specifically, classes. It is impossible to be completely separate from other students in a class. Consequently, I met all my best friends in school (of course, it was a place that I spent most of my time so it is not a big surprise). Another type of forced interaction comes when you meet a friend of one of your friends. It would be extremely rude to not interact with someone that your friend considered to be friend. That is the way that I met a very close friend of mine and one who I will use as an example of my friend-making process throughout this essay. His name is Andres and I originally met him through another friend of mine, Josh. We were all going to the same high school next year (more forced association), so it was only natural for Josh to try to have us all become friends. But I was not friends with Andres when I first met him. I had to figure out who he was before that could happen. Evaluation has always been very important to me. I constantly evaluate and re-evaluate myself, my friends, my schoolwork, and so forth, almost to the point of obsession. I am ruthlessly self- critical and it is only natural that this same criticism would extend to those I consider my friends. Before I can become friends with someone, I have to determine whether or not I want to be friends with them. I have been told that this is an extremely arrogant way of conducting relationships, but I find any other way to be lacking. If one's own needs in a relationship are not met then it is impossible for them to fulfill other's. The first step in evaluation is the establishment of common ground. It is very unlikely that I will become even casual friends with someone who I have nothing in common with. The more important to me the commonality is, the more likely I will desire to become close friends with someone. One of the first things I look for is intelligence. Part of my personality is the love of intelligence, which means: doing things well in varying circumstances. A very important part of a friendship for me is intellectual stimulation. If it is missing, the friendship will invariably begin to wane. So intelligence and knowledge are two things I look for almost immediately in a new acquaintance. Andres possesses both of these qualities and he possesses them in areas that we both find interesting. Both of us have an aptitude for the sciences. This contributed greatly to me finding him worthy to be my friend. But knowledge and skills alone make a person boring, so I also look for common personality traits. A love of humor is also necessary, as is a low degree of self-monitoring: the degree to which people change to match their surroundings. I am extremely low in that area as