Entrapment and Confinement :: essays research papers

People encounter restrictions and restraints daily: doors, walls, gates. The most frequently used and arduous are those that are intangible, be it in a job or social life, whether physical or emotional, literal or figurative. Both the tangible and intangible are seen in Charlotte Perkins Gilman’s â€Å"The Yellow Wallpaper† and John Steinbeck’s â€Å"The Crysanthemums†. Though written by members of the opposite sex, both authors are able to capture the feelings of physical and emotional imprisonment that causes a gradual mental breakdown. â€Å"The Yellow Wallpaper† traces the treatment of a woman who descends from depression to madness in the male-imposed psychiatric confinement of her room, while the wife, Elisa, in â€Å"The Crysanthemums†, reflects an internal struggle with herself to find her place in a world of definite gender roles. The situations of the two women are similar: talents and dreams, hopes and desires, shunned by the husb ands and times of the women, which leads to hysteria; though similar, the women to conduct themselves ways drastically different from one another, which determines whether the women lose their sanity.   Ã‚  Ã‚  Ã‚  Ã‚  The narrator in â€Å"The Yellow Wallpaper† and Elisa Allen of â€Å"The Crysanthemums† both have husbands who fancy the idea of knowing what their wives want and need. With such attitudes and beliefs, these men contribute to the feeling of confinement that ultimately leads to the loss of sanity of their wives. The narrator’s husband also assumes that he knows what is best for his wife. He thinks isolation and confinement will cure her â€Å"nervous depression.† Nevertheless, this â€Å"cure† makes her weak; it transforms her into a woman gone mad. On the way to dinner, Elisa asks her husband about the fights and his immediate reply is, â€Å"We can go if you want, but I don’t think you would like them much.† He cannot fathom the idea that she may actually enjoy this non-feminine event.   Ã‚  Ã‚  Ã‚  Ã‚  The two women follow the pattern of those going mad: eventually, they begin to see things and form relationships with the images that reside only in their minds. The narrator gives into the figments of her imagination and begins to metamorphose this â€Å"thing† she imagines behind the wallpaper as a hallucinogenic image of herself. This â€Å"woman† becomes a deadly combination: best friend and worst enemy. She views the woman as trapped, and, in order to free herself from this non-fulfilling life, she must free the woman. Elisa also receives an uninvited guest, a tinker who she perceives as the perfect emblem of freedom.

Medical expenses †deductibility in personal income taxation

Federal Income tax code specifies the generally deductible expenses in the personal taxation of an individual which include medical expenses, certain taxes, mortgage interest, investment interest and charitable contributions. These deductions mentioned in the chapter are known as itemized deductions. It has to be noted that any expenditures not specifically allowed as itemized deductions are not allowable against the personal income subject to tax. Medical expenses paid out by the taxable individual on himself, spouse and dependents are allowed as an itemized deduction. The additional points to be noted are that the deduction is allowed only to the extent to which the medical expenses are not reimbursed and the deduction is limited to 7.5% of the taxpayers Adjusted Gross Income. 1.0   DEFINITION OF MEDICAL EXPENSES The definition of medical expenses is very broad to cover not only the expenses incurred for the diagnosis, cure, mitigation, treatment, or prevention of the disease but also covers expenses incurred for preventive health cover and costs of periodic physical and dental examinations of the taxpayer. The important point here is that such deductions are allowed even when the taxpayer is in good health. Hence, such medical expenses incurred for the treatment of diseases affecting any structure or function of the body are termed as medical expenses for the purpose of assessing the income for tax purposes. 2.0   COSMETIC SURGERY-DEDUCTIBILITY Expenses incurred for Cosmetic Surgery are deductible when the surgery is necessary to ameliorate a deformity arising from a congenial abnormality or a personal injury or A disfiguring disease. Any medical expenses incurred on cosmetic surgery for purposes other than those which are unnecessary are not deductible. For example, fees paid to a cosmetic surgeon for a face lift of a person of 75 years age to improve his appearance is unnecessary and hence not deductible. But the cost of restoring the face by cosmetic surgery, which is disfigured in an accident, is deductible. 3.0   DEDUCTIBILITY OF CERTAIN OTHER EXPENSES 4.1 COSTS INCURRED IN A NURSING HOME/HOME FOR AGED When a person is admitted in a nursing home or home for the aged primarily to get medical care, then the expenses incurred for the nursing home expenses including meals and lodging are allowable as a deduction. However if the primary concern for being admitted to the nursing home or the home for aged is personal, only the expenses paid for medical or cursing is deductible, whereas, costs of lodging and meals are not deductible. 4.2 TUITION EXPENSES When a dependent is sent to a school having special resources for alleviating the infirmities caused by mental or physical disability, the tuition expenses paid to the school is an allowable deduction. In such cases, the cost of meals and lodging in addition to the tuition fees is allowable. 4.3 MEDICAL EXPENSES INCURRED FOR SPOUSE AND DEPENDENTS A taxpayer is entitled to claim the deduction in his adjusted gross income of the medical expenses incurred by him on his/her spouse and for a person who is dependent on him/her at the time such expenses were incurred. Again the dependency is to be determined on the basis of certain criteria as spelt out in the Act and the schedules. 4.4 EXPENSES INCURRED ON TRANSPORTATION, MEALS AND LODGING FOR MEDICAL TREATMENT Transportation costs like bus, taxi, train or plane fare, charges for ambulance services and out of pocket expenses for the use of an automobile for commuting to and from a point of treatment for medical care are deductible. The taxpayer is entitled to choose either a mileage allowance or actual out-of-pocket automobile expenses. Deduction is allowed for the related parking fees and toll charges, whereas the cost of meals, en route are not allowed as a deduction. Similarly the cost of transportation of a parent accompanying a sick child or a nurse or other attendant accompanying a person who is traveling to get medical care is allowable, provided it is so that the patient can not travel alone and needs an aid to accompany during the journey. The Lodging expenses which are incurred essentially for medical care, when the medical care is provided by a doctor in a licensed hospital or clinic are allowed as deduction. No lavish or extravagant lodging expenses involving significant element of personal pleasure recreation or vacation in the travel away from home is allowed as deduction. The limit for such lodging expenses eligible for deduction is $50 per night for the patient as well as the person who must accompany the patient. 4.5 ALLOWABILITY MEDICAL INSURANCE PREMIUMS AS DEDUCTION The maximum limit of 7.5 % of the adjusted gross income of the taxpayer allowable as deduction include the medical insurance premiums, irrespective of the fact that such premiums are paid under a group or individual plan. When the medical insurance premium is paid by the employer such premium is not included in the income of the taxpayer and it cannot be included in the employee’s medical expense either. Insurance premiums paid by a self employed person are allowed as a business income. The premium paid for the spouse and dependents also qualify for deduction. Premiums paid by companies on their employees health care is allowed as business expenditure for the companies concerned. 4.0   DEDCUTION OF CAPITAL EXPENDITURES INCURRED FOR MEDICAL PURPOSES When swimming is a part of a medical treatment and there is no availability of a neighborhood pool then the capital expenses incurred on constructing such pool will become eligible for deduction. Similarly a Window Air-conditioner which is not permanent in nature, dust elimination system, elevators and a room built to house an iron lung are some of the examples of allowable capital expenditure. The basic criteria in determining the allowability of such expenditure is that they are required as medical necessity upon the advice of a doctor or physician, the facility is used primarily by the patient alone and the expenditure is reasonable. Similarly expenditure like constructing entrance and exit ramps to the residence widening hallways and doorways to accommodate wheelchair, installing support bars and railings in bathrooms and other living rooms and adjusting any electrical outlets or fixtures offer themselves eligible for deduction provided that the expenditure is incurred to enable a physically handicapped individual live independently and productively. If a capital expenditure is allowed as a medical expense, then the allowable cost is deductible in the year incurred. All these expenses are allowed subject to the overall ceiling of 7.5% of the adjusted gross income. 5.0   DEDUCTION ARE ALLOWED ON A CASH BASIS Whatever be the method of accounting adopted by the individual, the medical expenses are deductible on a cash basis. This means that the are deductible only in the year in which they are paid with an exception in the case of deceased person, when the expenses are paid within a year of death then the expenses would be deemed to have paid at the time when they are incurred. Deduction is not allowed currently for any medical expenses that is going to be incurred in the future, subject of course to the exception that the taxpayer has an obligation to pay the fees in advance under the policy of the physician or the institution furnishing the medical care.                                                          Works Cited          â€Å"Hoffman, Smith, Wills – Individual income taxes 2007 Chapter 10 pp 10-2 to 10-8 West Federal Taxation (Thomson)         

The Keurig Machine - 1684 Words

The Keurig Machine We are surrounded by many choices when we start our day, such as what we are going to wear, what we are going to eat, and where we are going to get our source of caffeine from to use to start the day. There are so many choices on where to get that caffeine from, outside coffee shops, an old coffee maker, french press, and lastly the newest invention, the Keurig machine. The Keurig machine itself was invented in 1990, with its first machine manufactured in the 2000’s. (Keurig website) It’s very challenging in a modern world like todays, not to be drawn to this neat, and useful device. Looking at it, it can brew a cup of coffee with just the touch of a button in seconds. There isn’t a massive glass jar like an old-fashioned coffee maker would have, instead just enough room for any mug of choice. There is always a question of, what is a Keurig machine? Well, according to the Keurig website, it is a beverage, brewing system used for both commercials, and home use. I nstead of usual coffee machines requiring a switch to flip to brew, and a coffee filter, and filling the glass with water, the Keurig allows a small portion called a â€Å"K-Cup† which is used to brew the coffee. The middle-aged and adult populations are highly targeted with this new invention. The ad imposes that our lives can be easier with the touch of a button, and boom our source of coffee is delivered within seconds. The advertisement has adequately shown the easy steps one can take to brew aShow MoreRelatedThe Keurig Machine1378 Words   |  6 PagesThe Keurig Machine We are surrounded by many choices when we start are day, such as what we are going to wear, what we are going to eat, and where we are going to get our source of caffeine from to use to start the day. There are so many choices on where to get that caffeine from, outside coffee shops, an old fashioned coffee maker, french press, and lastly the newest invention, the Keurig machine. The Keurig machine itself was invented in 1990, with its first machine manufactured in the 2000’s.Read MoreLegal And Regulatory Requirements For Conducting Business Ventures Essay1091 Words   |  5 Pagescompany’s ability to partner with Kuwaiti retailers such as the Alshaya Group, supermarkets, and distribution companies. The partnerships with prominent Kuwaiti businesses will serve as Kuwaiti sponsor for Keurig to ensure the success of the expansion. The legal and regulatory problems that Keurig will face in Kuwait include less than transparent regulations pertaining to industry standards, highly bureaucratic procedures, insufficient intellectual property rights protection, and complicated and insufficientRead MoreKeurig Case Study1409 Words   |  6 PagesKeurig Case Study I. Overview Meaning excellence in Dutch, Keurig, was founded in 1990 by Peter Dragone and John Sylvan. The founders were on a highly caffeinated mission to completely alter the coffee industry with the underlying belief that coffee should be served fresh by the cup. They wanted to bring the gourmet coffeehouse experience to both the home and the office. Dragone and Sylvan wished to not only make this possible, but to do so in a satisfying, convenient and efficient way. Read MoreThe Revolutionary Coffee Company, And The Variables That Will Shape The Future Of The Company And Industry Essay1527 Words   |  7 PagesSection One – Background The Keurig case study is an interesting examination of the revolutionary coffee company, and the variables that will shape the future of the company and industry. The basis of the Keurig case study is the transition for niche product aiming for the mainstream success of everyday use by consumers in their homes, to one of the industry leaders among the coffee industry giants. â€Å"Keurig had been founded to commercialize an innovative technology that allowed coffee lovers toRead MoreStarbucks Green Mountain Website : An Innovative, Technology- And Values Based, Personal Beverage System Company1443 Words   |  6 Pagessocially conscious, premium coffee company to become what Keurig Green Mountain is today: an innovative, technology- and values-based, personal beverage system company.† -Keurig Green Mountain Website Keurig Green Mountain envisions itself as a company leading the industry with technology. After conducting thorough research, it is notable that Keurig has had a sustainable advantage for several years. Despite the fact that Keurig pods are five times as expensive as buying coffee groundsRead MoreMarketing Strategy For Single Serve Coffee Products, Keurig Holds Strong Recognition908 Words   |  4 Pagesmemorandum. Strategic Analysis: Strengths: When it comes to the market for single-serve coffee products, Keurig holds strong recognition. Keurig has many popular branding partners such as: Green Mountain Coffee, Bigelow Tea Company and Caribou Coffee. Other strengths unique to Keurig are the intellectual property and intangible resources that you possess. Keurig’s patents on the machines and their use hold great value. The widely available nature of Keuring allows for its distribution throughoutRead MoreCompetitive Analysis of Keurig803 Words   |  4 Pagescoffee brewers. In turn, this is stepping up pressure Keurig to keep up with its competitors and the markets demand. The three competitors that pose the biggest threat to Keurig are Bunn’s MyCafà © unit, Starbucks’ Verismo unit, and the Esio beverage system which is backed by Wal-Mart. In October Bunn, a leading commercial beverage equipment producer, launched its home version of its single-serve coffee machine called MyCafà ©. Unfortunately for Keurig, the MyCafà © is the first to capitalize on the expirationRead MoreManufacturing and Packaging Line1353 Words   |  6 PagesANALYSIS MEMO – SESSION 06 Keurig 2012.11.07 Entrepreneurial Management Dr. Sean M. Hackett Waseda Business School, MBA Fall, 2012 Panjapol wariratanaroj (pe) – #35112329-5 JOanna chen (joanna) – #35112318-7 li wei – #35122327-5 kemal SADULLAYEV (kemal) – #35129403-1 Gaetano d’imprima (tano) – #35129755-8 I. Identify/Define the Key Issues/Situation Analysis A. Key issues that will impact Keurig to survive, thrive and grow Read MoreMarketing Strategy For Single Serve Coffee Products1014 Words   |  5 PagesStrengths: When it comes to the market for single-serve coffee products, Keurig holds strong recognition. Keurig has many popular branding partners such as: Green Mountain Coffee, Bigelow Tea Company and Caribou Coffee. Other strengths unique to Keurig are the intellectual property and intangible resources that you possess. Keurig’s patents on the machines and their use hold great value. The widely available nature of Keurig allows for its distribution throughout multiple channels. These productsRead MoreKeurig Green Mountain : Qatar Expansion Essay1385 Words   |  6 PagesKeurig Green Mountain: Kuwait Expansion Keurig Green Mountain has revolutionized the coffee market in the United States and Canada. The company has developed the most innovative brewing technology that offered consumers a single-serving of a wide variety of specialty coffees, coffee makers, teas, and other beverages (Keurig Green Mountain, 2016). In the past two years, Keurig Green Mountain sales have declined in the United States. (Keurig Green Mountain, 2015). The U.S. single-serve coffee market

Pride And Prejudice Social Landscape Essay - 1600 Words

In Pride and Prejudice, Jane Austen carefully depicts the social landscape of England during the late 18th and early 19th centuries. Seemingly mirroring this social landscape is the physical landscape of the English countryside. In a pivotal scene in which the novel’s protagonist, Elizabeth Bennet, ventures to the home of her future husband, Austen uses the natural landscape to show how Elizabeth, born of the landed gentry class but with no financial stability, physically ascends to the location of Mr. Darcy, her love interest and a wealthy gentleman. Yet, the natural landscape is just as much tied to Elizabeth as it is to the role of society, used to characterize her as strong-willed and individualistic. Thus, the thesis of this paper is,†¦show more content†¦Bennet makes it â€Å"[t]he business of her life [...] to get her daughters married† (Pride and Prejudice 1.1 (3)). Austen uses the word â€Å"business† to emphasize how, more than anything, marria ge is an economic institution meant to guarantee that Mrs. Bennet’s daughters not die of starvation. Austen then uses the rest of the novel to track the Bennet sisters and their ability to find financial security through the ascension of social classes via marriage. This ascension is ultimately epitomized by the novel’s protagonist, Elizabeth Bennet, who rises from her family’s (relatively) low station to become the wife of the wealthy Mr. Darcy. The landscape of England itself seems to mirror that ascension. When Elizabeth first visits Mr. Darcy, one of the main turning points in the novel, she is forced to travel from low elevation to high elevation, foreshadowing her rise in status through marriage: â€Å"[Elizabeth and the Gardiners] entered [the park leading to Pemberley] in one of its lowest points, and drove for some time through a beautiful wood, stretching over a wide extent† (Pride and Prejudice 3.1 (185)). Here, Elizabeth is marked as having entered the park at â€Å"one of its lowest points†, signifying her family’s relatively modest income, particularly in comparison to Mr. Darcy’s. Ultimately, â€Å"[t]hey gradually ascended for half a mile, and then found themselves at the top of a considerable eminence, where the wood ceased, and theShow MoreRelatedA Cultural Analysis Of Katherine Boo s Behind The Beautiful Forevers1728 Words   |  7 Pages Owen Boice August, 2016 English 10A Summer Essay A Cultural Analysis of Katherine Boo’s Behind The Beautiful Forevers INTRODUCTION Culture: â€Å"the customary beliefs, social forms, and material traits of a racial, religious, or social group† (Merriam-Webster’s Dictionary, definition 5b). In her book Behind The Beautiful Forevers, Katherine Boo examines issues of culture, integrating them into a unique, nonfiction work. Ms. Boo—anRead More A Comparison of Charles Dickens and Jane Austen Essay2446 Words   |  10 PagesLANGUAGE ESSAY Of the many authors to emerge during the nineteenth-century, Charles Dickens and Jane Austen were among the few who would make a lasting impression on the literary world for generations. Hard Times, often referred to as Dickens’ ‘Industrial novel’ and Austen’s Pride and Prejudice have been much read and well-loved classics for many years. It is the purpose of this essay to compare and contrast the different worlds depicted in both Hard Times and Pride and Prejudice. It will Read MoreThe Rise of the Novels in the Eighteenth Century4179 Words   |  17 Pagesestablished as the most outstanding and enduring form of literature. The periodical essay, which was another gift of this century to English literature, was born and died in the century, but the novel was to enjoy an enduring career. It is to the credit of the major eighteenth-century novelists that they freed the novel from the influence and elements of high flown romance and fantasy, and used it to interpret the everyday social and psychological problems of the common man. Thus they introduced realism,Read MoreHow Chinese Cinema Has Reflected And Shaped The Idea Of Nation2724 Words   |  11 Pagesoccasionally have to catch up to the idea of nation, however sometimes it leads and shapes nation too. According to Berry and Farquhar (2006), Chinese movies have played a critical role in shaping nation and national identity amongst Chi nese. This essay will mainly focus on how Chinese cinema has reflected and shaped the idea of nation. Apart from that, the history of Chinese cinema, other famous traits such as Beijing opera and martial arts are also debated in how it reflects nation. AdditionallyRead MoreSocial Determinants of Health10939 Words   |  44 Pages3 The Social, Cultural and Historical Context of Aboriginal and Torres Strait Islander Australians PatDudgeon,MichaelWright,YinParadies, DarrenGarveyandIainWalker OVERVIEW To understand the contemporary life of Indigenous Australians, a historical and cultural background is essential. This chapter sets the context for further discussions about Aboriginal and Torres Strait Islander people and issues related to their social and emotional wellbeing and mental health. The historyRead MoreThe Legend of Sleepy Hollow - Summary and Analysis11462 Words   |  46 PagesThe Sketchbook of Geoffrey Crayon, Gent., which offers the European contrast. It is still apparent here, however. Sleepy Hollow is an old town inhabited mostly by descendants of its original settlers. This would seemingly make it prone to family prejudices, a younger parallel to the European aged communities, yet there is no evidence of this kind of hierarchy. Instead, people are valued for their merits, such as their book learning or their ability in teaching, activities requiring strength, or singingRead MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pagesdetails of appearance often provide essential clue to character. Details of dress and physical appearance should be scrutinized closely for what they may reveal about character. Details of dress may offer clues to background, occupation, economic and social status, and perhaps, as with Robin Molineux, even a clue to the character’s degree of self-respect. Details of physical appearance can help to identify a character’s age and the general state of his physical and emotional health and well-being: whetherRead MoreAn Assessment of the Impact of Corporate Social Responsibility on Nigerian Society: the Examples of Banking and Communication Industries18990 Words   |  76 PagesJournals Full Length Research Paper An assessment of the impact of corporate social responsibility on Nigerian society: The examples of banking and communication industries Adeyanju, Olanrewaju David Department of Financial Studies Redeemer’s University, km 46, Lagos Ibadan Expressway Mowe, Ogun State E-mail: davfol@yahoo.com, Tel No.: 07037794073 Accepted 30 January, 2012 In the Nigerian society, Corporate Social Responsibilities [CSR] has been a highly cotemporary and contextual issue toRead MoreNotes18856 Words   |  76 Pagesthe early years of both Christianity and Islam, evangelical work was often carried out with military campaigns. Later, other  ­ ethods m of persuasion were applied. Missionaries were dispatched to Africa. They set up health clinics, schools, and social service centers. They treated the sick and taught people how to stay healthy. They taught European  ­anguages l to Africans, who in turn assisted missionaries in translating the Bible into African  ­anguages to help disseminate Christian doctrinesRead MoreRastafarian79520 Words   |  319 Pagessystem. But much of the country was beginning to question in earnest the structure of colonial society by the early 1930s. The emergence of Rasta during that period corresponds with so much that was happening around the world. Rastas could tell that social unrest in Jamaica was going to lead to a movement away from colonial rule and, having heard Marcus Garvey speak of the importance of Africa to black people in the New World, found in his remarkable success as a leader of thousands in the United

The Book Of Joel Is A Negative Impact On Christians And...

Introduction The book of Joel is one of the shortest books in the Old Testament, yet it is has had a widespread impact on Christians and their theology from the time it was written right through history to the people of today. The fact that Joel is labelled as a minor prophet substantially discounts from the great impact that his words have, not only on the New Testament writers, with many of them directly quoting or alluding to his words, but also on the Church today. The book of Joel is widely accepted as being written after the conclusion of the Babylonian exile , although some scholars still argue a pre-exilic dating on Joel’s work and lifetime. Nevertheless, according to the majority, Joel’s writing falls in a time of devastation amidst a locust plague, drought and a period of diaspora caused by the exile wherein many of the Jews were dispersed from their homeland. The book of Joel takes the form of apocalyptic literature: writing that is full of symbolism and cod e. This form of writing is also applied in the books of Daniel and Revelation. However, if we take a deeper inspection of the writing of Joel, amidst the symbolism and prophetic language, the fundamental themes of the biblical story are portrayed: the people’s separation from God, their need for repentance, and God’s redeeming grace, also known as â€Å"the Day of the Lord†. Through the eyes of Joel, as he lives through this epoch of great desperation, we see the theme of â€Å"the Day of the Lord† as beingShow MoreRelatedSda Manual Essay101191 Words   |  405 Pagesindicated, all Bible texts are from the King James Version. Scripture quotations marked NASB are from the New American Standard Bible, copyright  © 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation. Used by permission. Texts credited to NEB are from The New English Bible.  © The Delegates of the Oxford University Press and the Syndics of the Cambridge University Press 1961, 1970. Reprinted by permission. Texts credited to NIV are from the Holy Bible, New International

Ebusiness Wgu Free Essays

To: Hiring Manager Thank you for taking the time to read this letter and for considering me for employment at your organization. As a college graduate with international work experience, I have demonstrated an ability to effectively communicate with diverse types of people and quickly adapt to new work environments. My degree in Economics from the University of South Florida provided me with the ability to develop critical thinking and problem solving skills that are essential to an effective educator, leader, and role model. We will write a custom essay sample on Ebusiness Wgu or any similar topic only for you Order Now Also I played and coached on many sports teams, mostly American football in the USA. My experience of working abroad, education, and experience teaching ESL at Korean public schools has provided me with many tools that would be applicable for this position. Being a new teacher in South Korea, I had no working knowledge on how to lead an effective classroom. Not only was there the stress of being a new teacher, but also the anxiety of living in a completely different culture. Through ambition and hard work, I self learned how to create an optimal learning environment that fostered motivation and inquisitiveness from students. Comparably, I learned how to live and thrive in a new country by learning the language and customs. The skills I obtained from this job, such as, leadership, organizational skills, effective communication skills, modern ESL pedagogy, advance computer proficiencies, and the ability to adapt, will help me thrive as an educator at your school. In addition, I have many years experience working in a customer oriented environment, which included sales and shift management positions. At 717 parking I was involved directly with many customers on a daily basis. At this job, I established effective communication with all customers and was liable for the security and protection of vehicles that were sometimes valued at over $100,000. I demonstrated leadership and management skills by employing teamwork and accountability standards. This experience, in concurrence with teaching, I hope proves that I have the potential to be a successful teacher and role model. This winter I was a ski instructor in Aspen, Colorado. I taught students aged 4-60 years old. This experience offered many opportunities to execute effective teaching methodologies while educating kids and adults that have never skied before. Communication skills and patience helped me provide the best training to my students. I am confident that I can successfully execute the responsibilities of this position. I want to continue my progression of success and would look forward to speaking with you about how my qualifications may fulfill the requirements of your staffing needs. Thank you in advance for your consideration. Sincerely, Mr. James Watson * How to cite Ebusiness Wgu, Papers

Risk Management L&M Bank

Question: Discuss about theRisk Managementfor LM Bank. Answer: Introduction The aim of the report is to focus with the risk management of LM Bank. It is an Australian Bank. The Bank is about to open a branch in Australia. It is important to take into consideration the various aspects that might prove to be risk factors for an organization. Industry Analysis of Banks in Australia: In the recent time, it has been found that the banks have delivered good financial results. There has been n increase of 4.7% in the tax figures. Growth in the net interest in the business has helped to achieve modest growth in loan (Ellul and Yerramilli 2013). House lending volumes have also showed growth in the regions of New South Wales and Victoria. Therefore, it can be easily assumed that there is a great scope for the banking sector. In case if the LM Bank opt for opening a new branch in the country, the business strategy can be easily get success (Giovannoni, Quarchioni and Riccaboni 2016). Principles of Risk Management Process: Creates and protects value of the customers who wishes to grab facilities of the services of Bank Based on the best information that are provided by the customers or clients Integral part of organizational processes should be cleared to the clients of the bank Tailored in action while dealing with customers When appropriate make the clients a part of decision making (Ellul and Yerramilli 2013) Taking human and cultural factors into consideration is important to operate in a culturally diverse location Explicitly addresses uncertainty whenever necessary arises Transparent and inclusive of all the business operation as undertaken by the Bank Systematic, structured and timely available to the needs of the customers Dynamic, iterative and responsive to change whenever any kind of situation arises Facilitates continual improvement of the particular organization to fight with the increasing competition in the market Part 2: a) Legislations applicable to Risk Management: Duty of care: It is important for the authority and the management of the Bank to take care of the internal and external stakeholders (Koch and MacDonald 2014). Care should be taken for the clients who come to the Bank. There should be precaution in the parking space as well. Privacy and confidentiality: In Banking, Privacy and Confidentiality matters the most. No information should be leaked without the consent of the client (Giovannoni, Quarchioni and Riccaboni 2016). Legislation related Banks operation: Laws related to transaction of money or confidentiality, are the important factors related to the legislations of Banks operation. b) Identification of organizational policies as a guide to risk management: The Bank has a strong legal foundation that helps the organization to fight against any legal risk. For the operation risk, the organization has a strong supporting technical infrastructure. To reduce any kind of IT risk, the Bank has a support of IT team. Keeping the information strictly confidential is one of the prime policy that the organization has to keep in guidance for the sake of binding the customer base. c) Scope of risk management: Identification of Significant Risks: Financial risk: There might take place certain financial risk due to any kind of disregard of the Bank policies, strategies or guidelines. The Bank might run under debt due to huge pressure of loans (Koch and MacDonald 2014). People risk: The people who are responsible for the management of the Bank might fail to manage the organization properly. There might not be continuous availability of employees that might result in the failure of dealing with the customers (org. 2016). System risk: Any kind of risk can occur in major areas like IT system, Human resource, the insurance or the monitoring process of the complete banking process. Technology risk: Technological failure can occur at any point of time that shall result in the failure of the business of the organization (Dionne 2013). The risks also include other range of problems like fraud or information security failure. Natural calamities: There have been many instances when businesses are affected due to the natural calamities like earthquake or fire and flood. Risks related to terrorism can also create great trouble for the organization. Relevant Critical Success Factors: It falls under the responsibility of the Bank to undertake certain instances that shall be effective enough to deal with any kind of risk situation. In this respect, it has to be mentioned that communication plays an important role (Cipovov and Bels 2012). In case if the internal and the external stakeholders are communicated properly, the implication of the risk might get reduced by certain folds. Communication Strategy: It is important to inform the internal and external stakeholders about any kind of risk. In order to inform them, a proper communication plan needs to be developed. In case of the internal stakeholders that include the employees and the staff of the Bank, informing them would be easier. It is recommended that in case if anything needs to be deciphered, it can be done directly by the means of sending emails to the people (Koch and MacDonald 2014). It is also recommended to call for frequent meetings where any kind of decision can be easily discussed with people. For informing the external stakeholders, a number of tools can be used for communication. These include Annual Reports or any kind of supplements or issues that are published for the sake of informing the external customers about the policies of the Bank. Goals and Objectives of the Bank: SMART objectives can be framed: Specific The major goal of the bank is to attract more customers and provide them with the necessary service as required by the agents. Measurable The goal can be easily measured by checking the number of clients or customers who have opened their account in the bank. The same can also be observed by evaluating sale of the insurance or other things that are delivered by the Bank. Achievable If the needs and the requirements are fulfilled successfully, the objective of the Bank can be easily achievable. Relevant The objective is relevant because this happens to the primary objective of the business operation of the Bank. Timely With proper initiatives, by the means of proper promotional and marketing techniques, the goals can be easily achievable. Table: SMART objectives of the Bank (Source: Kumar and Yadav 2013) PESTLE analysis of Bank industry: Political The political factors include the rate of tariffs, subsidies, currency control, free-trade zone and the administrative policies. Economic Low unemployment, strong and stable financial system with open market economy facilitates the operation of the banking sector. Socio-cultural Diverse groups of people with high level of education favor the Bank industry as more people are likely to invest their money in various fields. Technological There has been remarkable improvement in the technological sphere of business. If the case of Banking sector is considered, many banks have opted for the digital mode of banking. This has provided opportunities to many banks to attract more customers. Legal Australias banking law is flexible and the opening of new business is simple. This favors the opening of a new branch of an already established bank. Environmental Environmental factors like land, soil water favors the growth of human habitation. There is no such threat of environmental pollution due to a banking sector. These situations also favor the banking business. Table: PESTLE analysis of banking industry (Source: Chance and Brook 2015) Identification of Risks: The Broad Risk Area: Among the major risks identified, it can be said that failure related to the operational function can be the most important factor that creates risk for the bank. In the era of digitization, it is important for any organization to operate using the digital platform (Ratnovski 2013). It is also evident that the Bank does not have the proper infrastructure of digital support for the consumers (Ellul and Yerramilli 2013). Therefore, in the market of intense competition, it might happen that the Bank has to lose the battle in the utter competition due to its operational management. Another risk that the Bank might have to deal with is due to the potential privacy policy. It has to be understood that the clients always seek for privacy when it comes to monetary transaction (Giovannoni, Quarchioni and Riccaboni 2016). In case, if the information of the clients are leaked or mishandled then it might be a major concern of risk for the bank. Potential Impact of Risks: The impact of the risk might result in the fact that the Bank loses its customers base and the customers opt for other banks that provides better facilities to the customers (Fekadu 2015). In case if the Bank fails to keep the privacy of the potential customers, the impact might be negative for the Bank itself (Cole et al. 2013). The customers might lose their confidence or faith on the Bank and this can create a situation where the image of the organization is completely shattered. Analysis of Risk: Categories of Risks: It has been observed that among the different types of risks that might occur in an organization, for the bank the risks related to Privacy and Operational management could be the two most influential risk factors (Bessis and O'Kelly 2015). End Result of the Risk: The end result might lead to complete chaotic situation where the Bank has to suffer drastically. If it is considered that the risk factor hit a single branch of the Bank, all other branches could also get affected due to the bad image of the Bank (Hull 2012). The organization as a whole might have to suffer as a result of the risk. Most Significant Risk: The most significant of these risks could be the risks related to the privacy of the people who have accounts in the Bank because no single person might ever consider the factor of revealing the private information of a person (Ratnovski 2013). In such case, the person might also file complaint against the Bank and as a result the Bank has to face legal action. Implementation of Treatments: Communicating the Plan: In case if any kind of risk occurs, it is important to communicate with the internal public as early as possible. In case of leaking the information of the client, it can be assumed that the information has been leaked by an internal public only. In such cases, it is important to identify the culprit and take instant legal action against the particular person (Aebi, Sabato and Schmid 2012). The management should always focus on the factor that the information should not get out of the organization. Communicating with the particular client and make an understanding of the situation might prove to be effective for the Bank. Implementation of Plan: Certain risks occur at any instance and for the same reason implementation of a plan might not be effective. In such situations, it is required to make the committee of people where the people belonging to the higher authority of the particular organization should remain to manage the risk (McNeil, Frey and Embrechts 2015). However, it is expected that the team of management should always remain ready to deal with any kind of risk occurring situation. Location of Storing the Plan: The plan that has been made can be stored in the intranet of the organization that might be available for all the members of the organization (Giovannoni, Quarchioni and Riccaboni 2016). In case, if any situation arises, the people of the organization should remain in a ready state to deal with the situation. Conclusion: The report has analyzed the various instances that might prove to be the major risk factors for the Bank. It is based on the analysis the potential outcome of the risk has been stated. In addition to this, the treatment of the risk has also been discussed in the report. 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