The Public Education System is a Failure

A child miseducated is a child lost. - President John F. Kennedy Education policy is one of the few issues vigorously debated at every level of government. Local communities (parents), counties, states, and the federal government struggle for control over control of the education system. Conservatives overwhelmingly support school choice and broad educational opportunity. We believe in a competitive environment that sees private, public, parochial, charter, and alternative schools where parents can choose the best fit for their kids. We also generally believe in voucher programs that would help children in poorer communities have the same opportunities to go to the same schools as their wealthier counterparts, almost always with a lower price-tag than simply sending them to failing public schools. Liberals love, as one might suspect, the big government solution. One central policy fits all. Appeasing the wealthy and voter rich teachers unions is their top priority, though they will always claim its for the children. This is why Democrats always favor protecting government teachers over helping kids - often minorities who need such help the most - escape a bad environment. Stomping out the competition and battling alternative forms of education, such as private schools or homeschooling, is also high on the agenda. Government always knows best, and decades of failure will not change their minds. But how do such opinions toward public education develop? Why is it that conservatives and liberals are so far apart when ensuring a successful educational system is one thing we should all agree on? Often, people take a political position based on the political party they have chosen. My position comes from my own experiences. My Life as a Public Education Student I was lured with an offer: Choose our high school and earn college credits. It was 1995 and I was heading into high school. No-one in my family had ever gone to college, and it was pretty well beaten into me that I would be the first. My family was on the lower-end of the middle class scale and private school was out of the question at this point. Luckily, as most would view it, I was zoned to go to a mostly white and wealthy public high school. But there was an alternative: a separate public high school recently started offering free college credits through a set of different magnet programs. As you might guess, a magnet program is meant to attract students to that school. The magnet school was located in a low-income, high-crime community and many thought I was crazy to voluntarily go there. With roughly 40% of students failing to graduate, the school had the highest dropout rate out of the two dozen district schools. But the option of free college credits that would eliminate over a year of college was too good to pass up for someone in my situation. I actually had a choice, though not as many as I would want my kids to have today. And as I would later realize, the system was not set-up with the students best interests in mind. I realized it was both a scam for me and the community that the school served. Importing Improvements Why was a magnet program established at, of all places, this failing public high school? In retrospect, it seems obvious. News reports at the time hinted the program was put into place for diversity reasons and to integrate the school better (the student body is roughly 5% white). But their was no real integration. The people bussed in from other communities were shoved into honors or Advanced Placement classes with each other and were effectively segregated from the rest of the students anyway. The only diversification that could be seen was in the hallways as we rushed from class to class or in P.E. So, that clearly was no reason to have the magnet program located there if you were seeking to diversify. One critical factor is that the magnet programs have requirements. Above average grades were required both for acceptance and in order to stay in the various magnet programs. The requirements are necessary and logical given that students would be taking college level classes. But it made even more sense as to why the programs were developed in this particular school: to import successful students and help get the school out of the basement. It was a pretty safe bet that the students being brought into these magnet programs, which were located in a school with high drop-out and low college preparedness rates, would both graduate and go to college. The number of magnet schools increased, and so to did the importation of better students. Is it cynical to suggest that these programs were introduced into this school for no other reason than to make the school seem as though it was improving, when they were doing little more than filling seats with kids who were supposed to go to other sch ools? Where the unable to make real change with the students they had so they attempted to stack the deck? Failing the Students who Lived in the Community I dont oppose the idea of having magnet schools. I believe the concept of letting high school students both earn college credits and decide on a career path would work well in a competitive educational system. But the model here was seemingly to make a school appear more successful by bringing in students who were highly likely to succeed, rather than actually fixing the underlying problems with the broken public education system. Nothing changed for those who lived in that community and went to that school. The school system tried to put lipstick on a pig. The magnet school would have logically fit into any other public school besides this one. If anything, it made absolutely no sense to put the school there at all. Yes, some of the kids in the magnet program were from the community, but that was a very small percentage. My classes were filled primarily with those who were brought in from outside of the community, then we were bussed out when the bells rang. The horrible irony is rather than taking good kids with few options out and sending them somewhere to be successful, they were taking good kids who were in a good situation and putting them into a pretty bad environment. This is why I and most conservatives support public choice. Eventually, we have to put the needs of children above the needs of teachers and and the governments dream of complete control over education.

Technology Has On The Lives Of Young Children - 977 Words

Technology plays a major role in the classroom of today and it is important as a future educator to understand the influence technology has on the lives of young children. Traditional notions of education are no longer sufficient as we live in an era driven by information. New technologies are changing the way we think, live and work (Howell, 2012, pg. 11). For teachers this means continually reinventing their teaching pedagogy. It is essential that student-led learning is practiced in the classroom in order for students to become active and innovative learners. Developing digital fluency is also important when discussing the importance of technology in the classroom because allowing students to have constant engagement with and exposure to technology contributes to their life long skills. Howell (2012) states that digital pedagogy is the study of ‘how to teach using digital technologies’. In this â€Å"digital age†, children live digitally enriched lives. Labeled the â€Å"Internet generation†, they are bombarded with an array of digital technology. Being constantly connected, more often, and being able to â€Å"seamlessly transition between their ‘real’ and digital lives† (BECTA as cited in Howell, 2012, p.6), it is presumed that children are digitally fluent across all aspects of their lives. Through the inclusion of experimental activity and learning tasks that use technology in order to encourage students to become ‘technology innovators’ is an important skill to acquire throughoutShow MoreRelatedThe Effects Of Computers On Children s Early Childhood Education Essay1737 Words   |  7 PagesIn today’s world it is nearly impossible to keep up without technology. Computers especially, are needed in most American’s everyday lives. So why would early childhood education be any different? From the beginning stages, there has always been a debate of whether computers have a positive or negative impact on children, young children especially. As computers have intergraded themselves into many children’s lives and their education, the debate is even more prominent. Supporters of computer useRead MoreTechnology And Technology Essay1358 Words   |  6 PagesToday’s world is technology driven; people need to incorporate the usage of technology into their children’s lives at a young age. In recent years technology has overwhelmed society; it is seen in every aspect of one’s life whether it be at home, school, or amidst the public. The incorporation of technology into society’s lives leads to the opportunity for incredible knowledge. It provides people with information and understanding that no one could ever have imagined. Technology is what wil l advanceRead MoreEssay About Technology1614 Words   |  7 PagesThe technology industry is constantly expanding and growing every day. The world today essentially revolves around the use of technology and most people use some form of it to help them get through every day. Each day more and more children are brought into this technology based world and allowing the technology industry to grow. Day by day people become increasingly reliant on the use of smart devices, and other forms of technology. This helps people wonder if its effects can be harmful to thoseRead MoreThe World Of Technology : Young Adults1536 Words   |  7 Pagesof technology Cynthia Sanchez Professor Greeley ENG 111 27 November 2015 The World of Technology: Young Adults In the 21st century technology has become such a big part of our society; it is so powerful because it affects everyone all over the world. For example, technology not only affects children and young adults in their workspace, such as in school or throughout their careers, but also in their day-to-day personal lives. In this day and age, because of the convenience which technology canRead MoreTechnology Has An Understated Impact On Our Lives1489 Words   |  6 PagesTechnology has an impeccable impact on our lives. We use it for almost anything and everything ever since we were able to get our hands on technological devices. Although, technology is very helpful in our everyday lives but, it can also be harmful. Technology aids in Technology is a big part of our lives. We use it every day continuously, and almost for everything. We rely on it so often to the point where, if a person is able to do something physically, but it is easier to doRead MoreAdvancement in Technology Shapes the Lives of Children and Adults1050 Words   |  5 PagesTechnology has continued to shape the world we live from as long as man was living on Earth until present day. Many of us have seen drastic technological changes in our lives over merely a few decades, or even a couple of years, which have aided us in improving the condition in which humans live. However, technology appears to have advanced so quickly that, as humans, we are unable to stay updated on the latest trends. In the 21st century, technology shapes the lives of numerous adults, but as wellRead MoreEssay On Technology And Technology747 Words   |  3 PagesFull Title: Technology Appropriation Studies have shown that technology can help young children learn. The use of technology has become a part of most curriculums and when used appropriate it can be effective. The use of technology in early childhood classes can extend the way young children are learn. The use of technology can enhance learning, can help children communication, can become resourceful, and can shrink the educational and digital divide preparing them for the changing world. TheRead MoreEffects Of Technology On Society s Society1092 Words   |  5 PagesCan you live a day without your phone, tablet, computer? Well you probably could, but it probably wouldn’t be enjoyable. Well, how about a day without bullying, depression, and impolite people? Now that is a day most would probably wish for. Society wants to have causes these wretched events, but doesn’t want to accept that what they want is the main cause of these issues; technology. The lack of interaction that has come along with technology is what is causing severe downfalls in today’s societyRead MoreEssay on The Powerful Impact of Technology on Education1095 Words   |  5 PagesThe Powerful Impact of Technology on Education Technology has become much more common in the past few years in education. It has also been a blessing to some teachers; giving them more time and helping them find a unique new way to teach their students. Computers can be found in almost every single classroom and children as young as 4 years old have been taught the basic skills on the computer. Funding and new programs for computer teaching have come a long way. In the next few years, hopefullyRead MoreThe Effects Of Technology On Teen s Brain Development1708 Words   |  7 Pages In the world today, the predominant force in teen’s lives is the use of their mobile devices, computers, and other forms of electronics. As the use of technology increases, concerns are growing about the amount of screen time teens should be exposed to, and if the use of technology can affect a teen’s brain development. The American Academy of Pediatrics, or the AAP, is considering raising the two hour screen time limit to four hours because of the growing use of electronics in our day and age

Study On Long Term Financing Structure Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 857 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? For last five financial years account shows that company had lower debt to equity ratio. During the period of 2005, 2006 and 2007 its net equity to debt ratio was 0.34, 0.30 and 0.42 respectively. But during the year of 2008, when recession hit badly in UK and worldwide; ratio jumped to 1.37. Don’t waste time! Our writers will create an original "Study On Long Term Financing Structure Finance Essay" essay for you Create order Company took some tough decisions to protect and strengthen the business for long-term. It is obvious that company tried to keep ratio down to 0.30 to 0.40 and for that reason ratio came down to 0.59 in 2009. Group reached agreement with all of its debt providers to amend the debt facilities in April 2009. Afterwards raised pound;510m of new equity and proceeds was used to reduce companys debts. Later in 2nd quarter the housing market started to recover; as there was a huge decline in housing market; new and existing housing since 2005. During the period of 2005 and 2007 group design capital structure maintain strong credit rating and appropriate funding structure. The Group planned to match long-term assets with long-term funding and short term assets with short term findings. Group used Equity, retained profits and long term fixed interest debt, primarily to finance intangible assets, fixed assets and land. Short-term borrowings are required primarily to finance net curren t assets, which do not include land bank assets of more than one year and work in progress. Net debt as a percentage of equity was 38.2% (2006: 18.6%) however, the Group aims to maintain a strong credit rating by seeking to keep year end modified net gearing (defined as borrowings less cash or cash equivalents as a percentage of tangible net assets adjusted for deferred tax assets and retirement benefit obligations) between 40% and 60% and interest cover greater than 5 times but less than 7 times. In 2007 group set the goalsto improve the relevant margin that followed byincreasein volume growth with new outlets. Due to merger outlets increased to 234 during 2008 from 183 in 2007. But it didnt go well with plan; company faced losses in 2008 and had to close down many outlets. In the year of 2009 company operated with 172 outlets reflecting the closure of existing outlets. In 2009 Taylor Wimpeys continued its operations that generated a loss before exceptional items and tax o f pound;96.1 million (2008 loss: pound;74.7 million). For exceptional items before tax for the year total pound;603.8 million (2008: pound;1,895.0 million) and which primarily related to reviews of the carrying value of land and work in progress. For that reasons Taylor Wimpey reported a loss before tax from continuing operations of pound;699.9 million (2008 loss:pound;1,969.7 million). After having agreed with debtors about amending debt facilities; Company issues new Ordinary Share at a price of 25 pence each to raise pound;510 million net of expenses. 2005 2006 2007 2008 2009 Gearing 25.33 22.99 29.44 57.73 37.08 Net Gearing 19.15 15.68 27.65 47.79 33.38 Debt equity ratio 0.34 0.3 0.42 1.37 0.59 2005 2006 2007 2008 2009 Total Borrowings 654.2 627.8 1,545.40 2,281.60 883 Due lt; 1 Yr 15.5 14.8 13.6 124.5 12.7 Due 1-2 Yrs 1.2 0 0 0 Due 2-5 Yrs 48.5 0 0 0 Due gt; 5 Yrs 589 0 0 0 Values are in pound; millions. Dividend policy It had been group policy to create long-term value creation for shareholder. Group had progressive dividend policy for last 10 years and intend to grow inline with earnings while maintain prudent level of cover and cash flow. Group paid total dividend of 8.90, 11.10 and 13.4 pence for year 2003,2004 and 2005 respectively. Group continued policy to increase the dividend to shareholder. In 2006 9.75 pence total dividend issued and in 2007 total dividend paid increased to 15.75 pence, an increase of 6.8% from last year.Group introduced pound;750 buyback share plan in the year 2007. But that didnt go far as company only manage to buyback 94.8 millions shares only and stopped the program, given the uncertainty of UK housing market. In 2008 group did not feel it appropriate to propose an interim dividend as a result of continue decline in market conditions. Given that conditions in both our major markets remain weak, group did not proposed a final dividend for 2008. Group decided t o review its dividend policy in the light of prevailing market conditions. Similar to last Year Company didnt declare any dividend for year 2009. Although market condition was improved, thegroup didnt not feel appropriate to issue dividend as a result of ongoing uncertainty in the wider economy. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total Dividend (Pence) 6.12 6.7 7.4 8.9 11.1 13.4 14.75 15.75 0 0 2009 2008 2007 2006 Book Value 46.90 119.80 352.00 364.70 Market Value 35.31 87.27 278.71 328.67 Shares Issued 3,196.90 1,526.00 1,158.30 594.2 Cost of equity Cost of equity means a return require by a shareholder from a company. The traditional formula for cost of equity (COE) is the dividend capitalization model: Looking at the financial report of the company; Group did not issue the dividends for last two year and growth rate couldnt be calculated exactly as it should be. To do the calculation right; used the alternate calculation method that is Capital Asset Pricing Model (CAPM). This model defines relationship between risk and expected return and that is used in the pricing of risky securities. The original idea behind this calculation is to compensated in two ways; time value of money and risk. Risk of rate and Beta is given in financial reports. Market return was not available over the Internet and from official report. Market return was assumed 10 in this. Capital Asset Pricing Model CAPM 2009 2008 2007 2006 Risk free rate 3.1 4.4 5.1 4.6 Beta 2.82 2.82 2.82 2.82 Market return 10 10 10 10 CAPM 22.558 20.192 18.918 19.828 Taking analysis further company sales and earnings shows the company growth in terms of sales and earning for past 5 years. 2009 2008 2007 2006 2005 Sales 2,595.60 3,467.70 4,142.80 3,572.10 3,476.90 Earnings -640.6 -1840 -196.7 290.6 286.5

Symbolism In The Scarlet Letter - 1101 Words

Scarlet Letter Symbolism Essay Nathaniel Hawthorne was a writer in the 1800s, an anti-transcendentalist, and the great-nephew of John Hathorne, a judge in the Salem Witch Trials. Hawthorne is obsessed with Puritanism and, due to being obsessed, bases all his writings on Puritan towns. All of his stories take place in New England in the 1600s, before the Salem Witch Trials; The Scarlet Letter is one of these stories. In his novel, The Scarlet Letter, Nathaniel Hawthorne uses the symbolism of the Wild Rosebush, Hester’s Cabin, and the sunlight and the forest to contribute to the overall theme of imperfection. To begin, Hawthorne uses the Wild Rosebush to contribute to the overall theme of imperfection. The Wild Rosebush is a symbol for good†¦show more content†¦Hawthorne describes Pearl’s response by saying,†Pearl knew well enough who made her †¦ closed her lips, or impelled her to speak words amiss †¦ finally announced that she had not been made at all, but had been plucked by her mother off the bush of wild roses that grew by the prison door†(Hawthorne 102). In the quote Pearl, despite her innocence, does wrong by blaspheming. The quote shows how she is something beautiful coming out of the dark. Both of these quotes and the symbol of the Wild Rosebush show how good and evil max together, to make everything imperfect. Furthermore, Hawthorne uses Hester’s Cabin to add to the theme of imperfection. Hester’s Cabin represents Hester. It symbolizes how she is on the line between good and evil and society and nature with the physical placement of Hester’s Cabin being on the edge between the town and the forest. Hawthorne uses Hester’s Cabin to show the reader Hester’s state of mind. He describes the Cabin’s location when he says,†On the outskirts of the town †¦ was a small thatched cottage †¦ on the shore †¦ A clump of scrubby trees†(Hawthorne 74). By being on the outskirts of town Hester’s Cabin shows how disconnected Hester is from society. In describing the Cabin as partially hidden by trees, Hawthorne show how close Hester is to evil. Hawthorne displays exactly what mental place Hester is in after leaving the prison. Hester is still good and part of theShow MoreRelatedSymbolism In The Scarlet Letter1247 Words   |  5 Page sSymbolism in The Scarlet Letter Symbolism is simply defined as the use of symbols to represent ideas or qualities. Symbolism is a common occurrence in literary works and many books use symbolism to express mystical ideas, emotions, and states of mind. As in most literary works, symbolism also appears in The Scarlet Letter. There is lots of symbolism used in The Scarlet Letter to convey multiple things and to express many ideas. Symbolism can be found everywhere in The Scarlet Letter and many ofRead MoreSymbolism Of The Scarlet Letter753 Words   |  4 PagesThe Scarlet Letter: Symbolism of the Scarlet ‘A’ Symbolism has many different meanings, and the Scarlet ‘A’ in â€Å"The Scarlet Letter† has many different meanings as well. Hester Prynne is the main character who is forced to wear the scarlet letter as remembrance for the crime and the sin that she has committed. This letter completely ruined her reputation in her community. How could a small piece of fabric do so much harm? This letter was a representation of something much greater than the letter ‘A’Read MoreScarlet Letter And Symbolism1045 Words   |  5 PagesThe Scarlet Letter and Symbolism Nathaniel Hawthorne uses many forms of symbolism in his book The Scarlet Letter. Symbolism is, according to Merriam-Webster, â€Å"the art or practice of using symbols, especially by investing things with a symbolic meaning or by expressing the invisible or intangible by means of visual or sensuous representations.† This means that the author was using objects to represent an action or idea. The symbols used in his book is either all physical or visible objects. ManyRead MoreSymbolism In The Scarlet Letter1401 Words   |  6 PagesSymbolism in The Scarlet Letter Symbolism is a literary style that uses symbols to represent ideas or qualities. Symbolism plays a very important part in The Scarlet Letter because it uses the characters to develop the main idea of the story. The symbols used by Nathaniel Hawthorne help the reader to visualize and understand the meaning of the story. Hawthorne uses Hester Prynne, Pearl, and Reverend Arthur Dimmesdale as symbols throughout the book. They are the main characters of the story andRead MoreThe Scarlet Letter Symbolism725 Words   |  3 PagesSymbolism of the â€Å"A† In the novel, â€Å" the scarlet letter†, Hester was being criticized by other women in her town. The people in Hester’s town believed that she had an affair with another man while she was in a relationship with her spouse and she was accused for being unfaithful and committed adultery with that man. Hester Prynne was forced to wear a scarlet letter â€Å"A† on her chest to show that she was unfaithful and that she committed adultery. The scarlet letter is a symbol of the sin she hadRead MoreSymbolism in the Scarlet Letter3886 Words   |  16 PagesSymbolism of The Scarlet Letter A symbol is a literary device which is employed to portray another object or individual. In the Scarlet Letter by Nathaniel Hawthorne, it is most often a tangible object he uses to represent an undefined idea, complex in scope and significance. More times than not, it represents reverent, profound, or virtuous concepts of merit. From the substitution of one idea or object for another, to creations as massive, complex, and perplexing as the veil in the Ministers BlackRead MoreSymbolism In The Scarlet Letter. Symbolism Is The Use Of1085 Words   |  5 PagesSymbolism in The Scarlet Letter Symbolism is the use of an object, character, or event to represent something else. Nathaniel Hawthorne, without a doubt, uses symbolism throughout the course of the novel, The Scarlet Letter. The novel takes place in a Puritan community in present-day Boston. Hester Prynne, Arthur Dimmesdale, Roger Chillingworth, and Pearl are the main characters. They all have major roles and without them, the novel would not be the same. Hester Prynne; married to Roger ChillingworthRead MoreSymbolism in The Scarlet Letter1079 Words   |  5 PagesFrom fairy tales to mythologies, fables to romance to even the simplest short stories of a third grader’s book, almost all of them often comprise a scheme of Heroes vs. Villains, and Good vs. Evil. Similarly, The Scarlet Letter by Nathaniel Hawthorne also contains many of the same situations and characters with their own symbolic meanings that allow them to express strong and demanding feelings through the symbols that they carry. Hester Prynne, w hom appears as a sinful woman, a shame to the societyRead MoreSymbolism in The Scarlet Letter Essay1252 Words   |  6 PagesSymbolism can be defined as a figure, character, or object that is used to represent complex or abstract ideas. By expressing an idea in the form of an image, the reader can visualize the concept more concretely. The old expression, â€Å"a picture is worth a thousand words,† applies to symbolism as the author creates a visual representation of ideas. The use of symbolism in Nathaniel Hawthorne’s The Scarlet Letter helps to illuminate the overall meaning of the work. At the beginning of the book, theRead MoreSymbolism Of Forest And The Scarlet Letter1051 Words   |  5 PagesSymbolism of Forest’s Aspects in Relation to the scarlet l`etter A In the Scarlet Letter Nathaniel Hawthorne discusses the hurdles Hester Prynne, the protagonist, goes through due to her sinful nature with her child, the mocking Puritans, and the past always creeping up on her. Often these obstacles appear when she is in the forest, making it a very critical locality in the book. Nathaniel Hawthorne brilliantly uses symbolism to convey how the three main aspects of the forest—the stream, the logs

Small Business Plan Free Essays

string(44) " variety of locations throughout the world\." Small Business Plan m m C C Executive Summary Proposed Name of business: Chocolate Milk Proposed address: Prime function of the business: providing a variety of clothing to men Mission statement of the business: to provide Men with quality clothing, having a variety and a great location. Vision of the business: aim of the business is to expand and franchise to allow customers to purchase quality clothing Legal structure of the business: legal structure of Chocolate Milk is a private company that is an incorporated business with limited liability. Chocolate Milk has become a sole trader, positive highs of becoming a sole trader is that you are able to make your own decisions. We will write a custom essay sample on Small Business Plan or any similar topic only for you Order Now If the business is interested in expanding in the future it will then become a franchise, doing so will expand the business so it then becomes well known and is a great marketing strategy. C C The products your business will sell: C C M M Casual T-shirts M M C C Dressy tops (club wear) M M C C M M Jeans pants (long /and shorts) Jackets / jumpers (ranging from all different materials) Swimwear (trending shorts) Accessories ( backpacks, sunglasses, bracelets) Financial goals of the business: Expanding into a franchise Having a variety of men’s clothing (shoes, hats, jewellery) To expand and produce chocolate milks own clothing line Social goals of the business: Personal goals of the business: Situation Analysis Target Market: the target market of chocolate milks business is targeting the ages of 17 to 26 these are the ages that continue to stay with the trend, the most popular clothing being casual but indie, meaning fashion that will stir the normal trend, and may even bring the old ones in. Key competitors: The key competitors of chocolate milk are a variety of high fashion trend stores that have become very popular are: These stores are high competitors because they have franchised and expanded their business. They have gone further to put up a online store for their brand, which has expanded them further, it is a good market plan that boosts up your business, and gets your name/brand known all over the world. These stores are a main threat to chocolate milk because they serve for the same age group and have the same fashion trends. The establishment stage of the business: Chocolate milk has many characteristics of the establishment stage of the business life cycle some are: Positive cash flow Creating name/brand of the business and registering it as your own Monitoring the business and evaluating the weakness’s and improving on it to then set a firm foundation for your business, for the future years, and continually improving Having a healthy customer base flowing in Benefiting your business by having a positive amount of profit Having high quality staff that will represent your business Continually staying on top of all the financial work within the business Swot Analysis  ¦| | | | Outline strengths(internal)| | Outline weaknesses (internal)| Outline opportunities (external)| Outline threats(external)| * Customer loyalty * Having popular products * Keeping up with fashions trends within the market * Having high quality staff that are continually proving themselves| | * Main weakness the business faces is that it hasn’t expanded to be an online store to further more opportunities * And having only one location is a very big challenge because advertising has to be very high * Only targeting men| * To target the online market sales * Having new technology to increase our customer base (advertising on high end sites that will gain interest of customers)| * Customers are continually using the online buying instead of going into stores which threatens chocolate milk. * People make cheaper clothes that look the same as chocolate milks brands. | Operations plan Key products that will sell: Key products that chocolate milk will sell are high new quality clothing all original and unique in their own way, the clothing brands we are to sell are what will bring the business to have a high product sales. Service offered: Chocolate milk is located in one of the high fashion places in Sydney, this gives us a variety of great customers, having a large store that operates with a large range of clothing, walking into the store gives males a variety they need. Equipment required: Equipment chocolate milk will need to operate the store and to be able to display all the products will be a variety of different shelves, racks, tables, dressing rooms, POS ( two, point of sale), a steam iron ( for the more delicate items that crease), those are the items needed. Laws and regulations: As any business they need to follow the laws and regulations that the Government put down, by doing this your bettering your business by having guidelines and rules, this really contributes to your business/workplace. Some of the laws and regualstions that chocolate milk needs to abide by are: * New South Wales Occupational Health and Safety Act 2000 * Sex Discrimination Act 1984 * The Age Discrimination Act 2004 * Equal Employment Opportunity * Fair Trading Act * Fair Work Act * Australian consumer rights * NSW Tax laws and regulations Suppliers and their location and what they are supplying: Levi – Levi home base is located in ‘San Francisco, the United States’ since the company’s founding in 1853. But through the years their headquarters have branched out and some of these locations are now in Brussels-Europe, Middle East and North Africa, Singapore – Asia Pacific Division Headquarters. This brand/label will supply Chocolate Milk with high quality jeans, ranging from all different types of denim material, and all having a unique design. Address/location/country/Telephone/Fax San Francisco, U. S. A| Europe, Middle East and North Africa| Singapore| Levi Strauss Co. 1155 Battery StreetSan Francisco, CA 94111U. S. A. Tel: (415) 501-6000Fax: (415) 501-7112| Levi Strauss Europe, Middle East and North Africa (LSEMA) Avenue Arnaud Fraiteur 15-23 1050 Brussels, Belgium Tel: (32-2) 641-6011| 1 Kim Seng Promenade #16-01 Great World City East Tower Singapore 237994 Tel: (65) 735-9303 Fax: (65) 735-2923| Wrangler – Its headquarters is in Greensboro, North Carolina in the United States, with headquarters in a variety of locations throughout the world. You read "Small Business Plan" in category "Essay examples" Some of them are based in North America, Asia, Latin America, and Europe. This brand/label will provide chocolate milk with top of the range; jeans, T-shirt, Jackets, and accessories that will help your fashion trends throughout the seaons. Australian headquarters based in Victoria TRUE ALLIANCE 270 DAREBIN RD FAIRFIELD VICTORIA AUSTRALIA 3078 +61 3 9481 9999 Factors affecting choice of suppliers: Chocolate Milk has chosen these brand/labels for the purpose that they are well known all over the world, they have the trending fashion for men that is very popular, all the brands have high quality clothing they all brands appeal to target market being male men of the ages17 to 29. These labels are well known for the quality product they produce and with this comes affordable prices. Shop layout My shop layout is convenient in many ways not just to my business that is very high in advertising of the products but the way the public view it from the outside as well. I want my shop to be known as a well-respected business throughout the community. The way I’ve designed my shop is to bring customers in, hoping they’ll be intrigued by the displays and the whole cleanness of the shop, the environment is clean that I am in, so my shop shouldn’t ever be below standards. I have defined clear exits signs (emergency exits) making it easy for people to view and the shop is very open and spread out so there should be an obstacles in the way in case of an emergency, this also help my customers to walk freely throughout the shop not feeling confined. The theme of the shop is wild and free letting the young youth of our generation be shown through all the displaying furniture, having unusual displays to present the product this is how we intrigue our target market, by the unusual. Inventory Control: The way I will be able to monitor my inventory flow (stock), I will be coming into work on the day the business is closed ‘Wednesday’ being that day and I will be going through all the items my ‘inventory’ whether that be the clothes, accessories. I will be filling out how many items we have out on display and at the back (storage) and the sheet I have printed will tell me how many I should have in stock, and I will then count up how many we have displaying and out back in storage, and then come up with a final sheet to see if any of the stock is missing. Example inventory control sheet: Date: Wednesday 25th of July| Name: clothing stock take| Label| Item Code| Category| The quantity you should have in stock| Quantity you have:| Inventory lost | Levi| M308352929723| Jackets- denim| 20| 20| | Wrangler| S934U935U2020| Original wrangler T-shirt -cotton| 15| 13| 2| Element| D9234834E0343| Hat| 5| 5| | Stussy| H2349743752H2| Singlet| 11| 11| | | | | | | | | | | | | | Quality control procedures- Depending on the flow of inventory that is getting sold, that will decided on the amount of stock that will be brought . Whether extra stock should be brought for a popular item (one that is getting sold out). Again buying more stock and new stock for the seasons depends on sales. Employment relations Plan: The levels of staffing in Chocolate Milk are: 1 full time 5 part time staff Recruitment process/ development program: The recruitment approach that chocolate milk uses is a 7 stage process, this process consists of: After this you will begin training, 5 training shifts where you will be shown through the procedures of the shop and POS. After this you will begin training, 5 training shifts where you will be shown through the procedures of the shop and POS. Website (www. chocolatemilk. com. au) Website (www. chocolatemilk. com. au) You will attend an introduction day going through the shop and answering any questions. You will attend an introduction day going through the shop and answering any questions. Options- career -fill out cover letter and resume plus availability (hours days ) Options- career -fill out cover letter and resume plus availability (hours days ) Then after the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month period Then after the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month period If you receive a call back again after the face to face interview you have been successful and received the job If you receive a call back again after the face to face interview you have been successful and received the job If selected you will receive a phone call, (an over the phone interview) If selected you will receive a phone call, (an over the phone interview) During face to face interview you will be asked a series of questions and fill out more application forms During face to face interview you will be asked a series of questions and fill out more application forms If selected again after the interview you will be called to have a face to face interview If selected again after the interview you will be called to have a face to face interview New employees go through a introduction day, this day will give them more insight on the business they will soon be working for. This day consists of going through the everyday procedures, and going through all the rules and regulations of the business. When rostered on they will be going through five training shifts, these training shifts will consist of learning: * Learning POS (Point Of Sale) ( greeting the customer) * Team work ( a successful business is only successful if everyone works together) * Floor duties ( moment of truth- be polite to customers by greeting them) * Decision making * Emergency exit meeting point Employee wages: * Full time staff – $ 20 an hour Part time staff – $ 16 an hour Days| Danielle| Jess| Mel| Stephanie| Nicole| Mechelen| Hours open| Monday| Danielle| Jess| | | | | 7hrs| Tuesday| Danielle| | | | Nicole| | 7hrs| Wednesday| Danielle (stock)| —–| ——-| ————-| ———- | ————| 2hrs| Thursday| Danielle| Jess| Mel| | | | 7hrs| Friday| | | | Stephanie| | | 4hrs| Saturday| Danielle| | | | Nicole| Mechelen| | Sunday| ———–| ——-| ——-| ————-| ———–| ————| ———–| Total worked hours during the week:| 30hrs| 14hrs | 7hrs| 4hrs| 14hrs| 7hrs| | On-costs for the business Some on-costs of Chocolate Milk are: * OHS requirements Long service leave * Sick leave * Holiday pay * Maternity leave * Leave loading * Wages * Insurance Non-monetary benefits: Chocolate Milk has many non-monetary benefits for staff members that have done great work and have shown that they are following work procedures and guidelines; some of these are: * Retailer voucher * Movie voucher * Discount on products Worker appraisal process: * Promotions within the business * Rewards received ( extra benefi ts, for following working procedures) Marketing Plan Marketing objectives: Chocolate Milks marketing objective is to increase the business of the store (getting the name known) by 40% in the next 12 months. By doing this we will have a high customer base, and we will be able to add more features to our stores: e. g. Loyalty cards, giving our employees discounts and promotional offers. Competitive advantage of this business Chocolate Milk as a business has many competitive advantages such as; * Unique clothing * High up in all fashion trends * Staff continue to help the business grow * Targeting the young youth Product strategies| Pricing strategies| Promotion strategies| Distribution strategies| -great quality products-unique designs-the products that are sold are eye catching -| Chocolate uses Market price method of pricing-the products sold at Chocolate milk have a price mark-up of 2. (250%)| Upselling of business– staff tell customers the benefits of the storeA big promotional strategy are loyalty cards Advertising- advertising on high end sites or social networks for example Facebook, and magazines | The distribution method used for Chocolate Milk is:Producerwholesalerretaile rCustomer| Financial Plan Type of finance required: The owner equity is 20’000 to start up the business while the loan was 10’000. This was the best option of finance because Chocolate Milk needed this to start up the business and push through all the circumstances and challenges of the establishment stage of a business. Breakeven point – Breakeven point in needed to see the estimate amount of goods you need to sell to make a profit. Break even = total fixed costs Unit price – variable costs per unit 193508 40 – 15 = 7740. 32 000 $000 108 Breakeven6 Variable costs , Fixed costs4 Revenue20 100 200 300 400 500 600 700 800 1000$0000 $0000 | Revenue: Revenue Statement Chocolate Milk For year ending Sales 500 000 Less COGS 80 000 Gross Profit 420 000 Less Operating Expenses Selling expenses Advertising 2000 Wages 88608 Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 Stationary 200 106200 Financial Expenses Insurance 1500 1500 199308 Net profit 220692 Revenue Statement Chocolate Milk For year ending Sales 500 000 Less COGS 80 000 Gross Profit 420 000 Less Operating Expenses Selling expenses Advertising 2000 Wages 88608 Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 Stationary 200 106200 Financial Expenses Insurance 1500 1500 199308 Net profit 220692 This Revenue statement allows the business to be financially stable. Due to the high cost of rent and wages, the business may suffer through the year and not make a substantial amount of net-profit. Even though these expenses of the business are very high it is necessary and relevant, this revenue statement shows that needs to increase sales so the net profit will not be as affect when all the expenses are paid. Balance Sheet: This Balance Sheet shows that the businesses assets to liabilities and owners’ equity are balanced. This allows Chocolate milk to be financially stable. Balance SheetChocolate MilkAssets LiabilitiesCurrent AssetsCurrent Liabilities Accounts Receivable 19000Accounts Payable 900stock 3400 Non-current AssetsNon-current LiabilitiesEquipment 590Loan 2090Owner’s EquityCapital 20 0002299022990| How to cite Small Business Plan, Essay examples

Nursing Leadership Healthcare Centers

Question: Discuss about the Nursing Leadership for Healthcare Centers. Answer: The health care sector of the modern days is under constant change, and it is challenging for the healthcare centers to provide treatment according to the demand of a situation. With the expansion of the healthcare industry, there is a fierce competition within the market. The leadership skill is one of the prime requirements in the clinical practice, which will help to improve the quality of health service that is providing to the society. According to Hauck e al., (2013), the commitment towards the objective with full passion is highly necessary for a leader to gain respect and reputation among the stakeholders. The dedication towards the patient advocates, employee advocates, and clinicians are highly essential for a person in the role of nursing leadership (Makaroff et al., 2014). The essay deals with a clinical issue-satisfying patients and their families related to the leadership in nursing and clinical practice. Focus is also given to the importance of clinical leadership and the key changes that are required in this field in the modern context. The essay highlights the critical analysis of the issue and the barriers that exist in the nursing and leadership while dealing the issue. The essay provides the critical discussion of the leadership attributes and skills essential to facilitate and evaluate the change process and outcomes. Since several decades the healthcare organizations have been striving hard to increase the patient satisfaction. With the growth in the health care industry, there is an increase in competition (Cherry Jacob, 2015). Therefore, more people intend to access the health care dollars. Thus patient satisfaction has become critical. Patients are unwilling to visit the care facility that does not maintain records of the customer satisfaction. The other factors affecting the patient satisfaction is the preoperative delay and extended stay in hospital (Rokstad et al., 2015). Since mostly nurses interact with the patients and their families, there is a need for nursing leaders to devise an improvement plan to enhance the treatment experience. Being the first line of defense it is crucial for nurses to assure patient safety. Nurses are uniquely placed to address these challenges and successfully navigate the changes in the health care legislations (Wong Laschinger, 2013). Thus, the leaders of the healthcare institute have to face the tough challenge to maintain the high level of patient satisfaction. According to Grossman Valiga, (2012) patient satisfaction is the important issue as it affects the clinical outcomes medical malpractice claims and patient retention. It affects the patient-centered delivery of quality care in timely and efficient manner. Customer satisfaction increases staff morale and efficiency which reduces the staff turnover. Therefore, this ensures consistent profitability and increases productivity. According to Hutchinson Jackson, (2013) over the lifetime of the practice, loss of over $200,000 in income has been reported due to dissatisfaction and loss of the patient. Patient satisfaction decreases the price wars. Health organization with high customer loyalty can charge high price without losing their market share. In the USA, 70% of the patient willingly pays more money when they consult a quality physician of their choice (Laschinger et al., 2015). This makes patient retention easier. Thus, patient satisfaction is a measurement indicator of the success o f hospital and medical professionals. A health organization faces several barriers while implementing practices that are patient-centered and enhance patient satisfaction. According to Rokstad et al., (2015) non-uniform technologies and policies are the barriers to the consistent provision of patient and family centered care. Faster standardization of the policies and patient-centered care requires independence from other projects. Further, there is a lack of the model for all the medical specialties. Mostly, practice models are focused on guiding nurses in specific role whereas they play a variety of roles (Wong, Laschinger, 2013). Appropriate managers and nurse specialists must clarify the problem solving processes and develop strategies for knowledge acquisition. Cherry Jacob, (2015) highlighted that nurses are not fully engaged in a manner required to accept and implement policies related to patient and family centered care (Grossman Valiga, 2012). The barriers to change for nurses also include an inability of the organization to perceive the importance of increased influence and leadership of the nurses in decision making or generation of revenue. Nurses focus only on the acute care and do not have weight in their say on national issues, which is an additional barrier. Also, nurses have less influence in reducing medical errors, improvement of quality care, and in wellness promotion (Makaroff et al., 2014). Hutchinson Jackson, (2013) highlighted that nurses and patients have the least amount of influence on health care reforms that hinders the change initiative process. Nurses at all levels require strong leadership competencies to promote patient satisfaction. All the nurses playing a role as a leader must be clear with the concept of innovation, quality, teamwork, integrity, innovation, service, and compassion (Wong, Laschinger, 2013). Nurses as a leader must be both functional doers as well as thoughtful strategists. It is vital for nurses to have decision-making skills. They must act independently based on the evidence, education, and their experience. Effective leadership skill needs nurses to be influential as most of the time nurses interact with the patients and their families. Nurses should be influential in increasing access to primary care. According to Hauck, Winsett Kuric, (2013), there is a need for nursing leaders to have knowledge and critical awareness of the care delivery system, know the fundamental aspects of ethical care, teamwork within and across disciplines, foundations for quality and safety improvement, effective advocate for patient and theories of innovation. Nurse leaders can be successful in addressing patient-related challenges by having effective communication and collaborative skills to mutually work with others as full partners. This leadership skill has been effective in improving patient outcome, and decrease in medical errors. Working with others in the context of mutual respect has been associated with less staff turnover (Grossman Valiga, 2012). The collaborative behavior of clinical leaders have been documented to decrease the length of hospital stay, preoperative delays, increased job satisfaction, retention among nurses, cost savings and improved teamwork (Laschinger et al., 2014). Wong et al., (2013) believes that the leadership style should be such that it must flow in all directions and at all levels. Effective nurse leaders engage colleagues, executives, and subordinates to work together to identify and achieve the common goals of the organization. This leadership style holds physicians, nurses and other involved health care professionals accountable for improving quality and reducing the preventable medication errors. Hauck et al., (2013) believes that nursing leaders intending to pursue business development or entrepreneurial opportunities must develop competencies in the areas of financing policy, market forces, regulatory frameworks, and market forces. According to Blais, (2015), nurse leader rounds have been found to be an effective strategy in improving patient satisfaction in some hospitals. I will embrace the elements of this strategy which include setting a "site-specific annual goals" were nurses must strive for achieving 90th percentile performance. One can make solid progress by learning from those achieving goals. Goal setting will help overcome day-to-day challenges such as preoperative assessment, reducing the surgical cancellations. It also includes a use of evidence and practicing accountability for particular patient-centered action and medical errors (Rokstad et al., 2015). This strategy also includes preparing of reports to track the changes and improvements. I have always been benefited from the self-evaluation method and reflective practice as it is an efficient method in the process of self-development. As a nursing leader, I will collaborate with my seniors to make any changes in patient related policies to impr ove the outcomes. The literature evidence suggests that nursing led rounds have identified few key challenges that are the higher demand for leader time, systemic follow up of lessons from rounds, focus on new changes required, and reliable implementation of local monitoring systems (Galletta et al., 2013). As a good leader, I will introduce myself to the patient and collect feedback from the patient regarding the care received, concerns and experience so far. I will effectively communicate with the patient's family member during rounds if anyone has made the patient's stay extra special in the hospital and what made it special. This communication will help me in identifying any gaps in the service such as low ICU beds that is to be addressed and exceptional patient and family experiences visiting the facility. This internal monitoring will help me to ensure that the commitment given to the client is respected. Simultaneously I will make sure that both the quality and quantity of the practice is maint ained. During rounding conversations, I will figure out if any of my juniors require additional mentoring for developing their abilities to meet and exceed patient expectations. According to Hutchinson Jackson, (2013), transformational leadership is effective leaderships style as it involves strong "leader-follower" engagement in the pursuit of jointly held goals and is considered inspiring. I like this style as it gratifies the follower's needs, motivation, and values as well as leaders' preferences in response to the follower. Therefore, I would adopt this style to enhance patient and family satisfaction. To lead nurses must implement innovative ideas by tracking the context of the social context. They need to develop ideas, to acquire a seat in policy making body, create innovative care models at the bedside, or courageously approach management. This will help them develop sustainable and reliable solutions (Grossman Valiga, 2012). There is also a need for shift required in the way nurses view their responsibility of care, work in full partnerships with other professionals, must socialize and educate others in the setting (Cherry Jacob, 2015). All the nurses and clinic managers must have the basic grasp of the leadership skills, and it can be mastered over time. These skills are required to understand and anticipate the population trends. To be successful in partnerships roles, leaders must be equipped with conflict resolution and negotiating skills (Makaroff et al., 2014). For example, before clinical procedure say, Catheter insertion if there is a need of filling and completion o f a checklist as a part of safety strategy, nurses must ensure that all the instructions are followed correctly. If any physician or a nurse has been found with noncompliance to the checklist such as a use of sterile field with contaminated hands and legs, or any carelessness, then the nurse must have the basic leadership skills to charge the person to follow the steps of protocol strictly. The crucial aspect of nurse leaders focused towards patient and family-centered care is the skill to assist patients in practicing self-care. Nurses must play a role of servant leader," a style that requires nurses to be concerned with patients growth they are serving. Self-development, humility, accountability, visionary, are the characteristics of the serving leaders (Grohar-Murray et al., 2016). As a nurse, I would cultivate the skills of servant leader as it is more focused towards addressing patient needs and concerns. Thus, it will be more effective in enhancing patient and family satisfaction. I would like to upgrade my problem solving abilities because most patients complain about difficult in documenting their complaints in a hospital. For me apologizing for inconvenience is not an option rather I believe in taking steps that prevent such incidents in future. Conclusively, patient satisfaction is a strong motivating factor and a proxy indicator of the success of hospital and performance of medical professionals. Healthcare leaders are faced with many challenges, and their key priority is to provide exceptional care experiences to the patients and their families to enhance the level of satisfaction. The attributes and skills of an effective leader evident from the literature review have enlightened my need to strive hard to achieve these skills as I am far behind in the way of being an effective leader keeping in view the challenges and demands of present health care industry. As a leader, I would work on the successful leadership skills and attributes identified in the literature to enhance my performance. References Blais, K. (2015).Professional nursing practice: Concepts and perspectives. Pearson. Cherry, B., Jacob, S. R. (2015).Contemporary nursing: Issues, trends, management. Elsevier Health Sciences. Galletta, M., Portoghese, I., Battistelli, A., Leiter, M. P. (2013). The roles of unit leadership and nursephysician collaboration on nursing turnover intention.Journal of Advanced Nursing,69(8), 1771-1784. Grohar-Murray, M. E., DiCroce, H. R., Langan, J. C. (2016).Leadership and management in nursing. Pearson. Grossman, S. C., Valiga, T. M. (2012).The new leadership challenge: Creating the future of nursing. FA Davis. Hauck, S., Winsett, R. P., Kuric, J. (2013). Leadership facilitation strategies to establish evidence?based practice in an acute care hospital.Journal of advanced nursing,69(3), 664-674. Huber, D. (2013).Leadership and nursing care management. Elsevier Health Sciences. Hutchinson, M., Jackson, D. (2013). Transformational leadership in nursing: towards a more critical interpretation.Nursing Inquiry,20(1), 11-22. Laschinger, H. K. S., Wong, C. A., Cummings, G. G., Grau, A. L. (2014). Resonant leadership and workplace empowerment: The value of positive organizational cultures in reducing workplace incivility.Nursing economics,32(1), 5. Makaroff, K. S., Storch, J., Pauly, B., Newton, L. (2014). Searching for ethical leadership in nursing.Nursing ethics, 0969733013513213. Rokstad, A. M. M., Vatne, S., Engedal, K., Selbk, G. (2015). The role of leadership in the implementation of person?centred care using Dementia Care Mapping: a study in three nursing homes.Journal of nursing management,23(1), 15-26. Wong, C. A., Laschinger, H. K. (2013). Authentic leadership, performance, and job satisfaction: the mediating role of empowerment.Journal of advanced nursing,69(4), 947-959. Wong, C. A., Cummings, G. G., Ducharme, L. (2013). The relationship between nursing leadership and patient outcomes: a systematic review update.Journal of nursing management,21(5), 709-724.

Systematic Auditing and Assurance Services †MyAssignmenthelp.com

Question: Discuss about the Systematic Auditing and Assurance Services. Answer: Introduction: Bega Cheese operates in the dairy industry where they supply cheddar cheese as well as processed cheddar cheese into the retail and food service markets in and across Australia (William Jr, Glover and Prawitt 2016). The company is a public listed and owned by shareholders where the business manufactures natural cheddar cheese that can be either cut or pack the cheese into the retail packs made available in the supermarket. Bega Cheese has forever supposed the best approach for building value as well as managing risk for combining with the enduring knowledge as well as business information with innovative approaches and thoughts (Elder, Beasley and Arens 2012). The company delivers number of positive outcomes for its stakeholders for the financial year 2017 where they face many challenges and intense competition. The company works together for generating top line revenue growth, improved financial performance as well as maintaining strong balance sheet at the time of investing in the near future. The company built on partnerships with the valued customers as well as maintaining trust from valued milk suppliers (Ricchiute 2014). What particular laws or regulations affect its operations? National Greenhouse and Energy Reporting Act 2007- Bega Cheese Group is subject to Federal as well as State Environmental Regulations. This takes into consideration the reporting requirements under the above-mentioned act (Louwers et al. 2013). State Environment Protection Regulations- Bega Cheese manufacturing sites are licensed under the regulations where the licenses stipulated performance for all the emissions such as air, noise, odour and wastewater (Gay and Simnett 2015). Bega Cheese has a code of behavior that enclose a cohesive set of philosophy as it will engage all the officers and employees for abiding by the business and dealing with the stakeholders In the year 2016, Chinese authorities proclaim changes for regulating the sale as well as allocation of infant formula to China (Garner 2015). The company is well placed for operating activities in accordance with the revised legislation that anticipates for coming into effect in the year 2017. Bega Cheese continues to work with the regulators as well as actively involved in managing actions for reducing the emissions to air and waste water volumes (Elder, Beasley and Arens 2012). The Protection of the Environment Act 1997 The Clean Energy Act 2011 Identification of five inherent risks for the audit of Bega Cheese Inherent Risk is one of the risk that is pretense by an error or omission in a fiscal statement because to a feature other than a malfunction of control. It is the risk that mostly occur other than a failure of control where the transactions are intricate or situations that need a high degree of decision in regards to fiscal approximation (Elder, Beasley and Arens 2012). Some of the inherent risks faced by Bega Cheese at the time of audit are as follows: Understanding the risk as well as control systems operated by Bega Cheese used for assessing the design and effectiveness that include managing compliance. As a food producer, Bega Cheese faces various communal sustainability risks that take into consideration matters connecting to safety of products as well as workforce in the communities (Eilifsen et al. 2013). It is all about consumer safety that should be taken as top precedence and any breach to that will result to reputational damage. Bega Cheese mature quality management takes into consideration quality declaration with absolute traceability of the entire element as well as products (Elder, Beasley and Arens 2012). Bega Cheese expose to various financial risks such as market risks. The market risk comprises currency risk, price risk and interest rate risk. Addition to that, there are even credit risk and liquidity risk that are faced by Bega Cheese (Campbell 2015). The company risk management approach mainly deals with the unpredictability of fiscal markets as well as finds ways for minimizing probable unfavorable effects on the financial presentation in the most appropriate way (Elder, Beasley and Arens 2012). Bega Cheese uses derivative financial instruments like foreign swap contracts for hedging specific risk exposures. It is the derivatives that are used for hedging purposes and not for trading of any tentative purpose. Bega Cheese uses various techniques for measuring the risks to which they are exposed (Elder, Beasley and Arens 2012). The methods used by the company include sensitivity analysis especially for interest rate, foreign exchange as well as price risks. One of the inherent ris ks is assessing the internal controls as well as policies and procedures that complement delegated responsibilities of management for the given functions. This includes assessing the adequacy of the policies, procedures and internal controls at the same time. Bega Cheese Audit Committee need to assess whether there are adequate resources as provided for the management after taking care of delegated responsibilities (Bierstaker 2012). Bega Cheese exposes to market risks in relation to foreign currency as well as interest rate actions. The company enters into a wide assortment of derivative financial instruments for managing exposures where it takes into consideration foreign currency contracts for hedging exchange rates risks from the sale of exported goods as well as purchase of imported goods (Arens, Elder and Mark 2012). Other inherent risk faced by Bega Cheese is monitoring as well as review at least annually on the risk register. The auditor needs to collect external as well as internal information that is directed to the Committee that necessitates strengthening or reviewing of internal controls (Elder, Beasley and Arens 2012). Inherent risk include situation where auditor of Bega Cheese need to make sure that all material as well as compliance risks are adequately reflected in the financial statements (William Jr, Glover and Prawitt 2016). The Governance Assurance Manager as well as internal auditor that prepares the annual governance and assurance audit plan that details the activities to be undertaken for each year in regard to key organizational risks in the business. It is in accordance with the determination of Enterprise wise risk management framework as well as material financial risks and last audited figures (Arens, Elder and Beasley 2016). Foreign exchange risks arise from the future commercial transaction as well as recognized assets and liabilities that demonstrate in a currency that is not the entity domiciled currency (Arens et al. 2015). Bega Cheese exports dairy products that are exposed to the foreign exchange risk that moves in exchange rate of US dollar. Bega Cheese involves in purchase that include capital equipment, ingredients as well as packaging that actually expose to the movements in exchange rates of US dollar and Euro. Internal audit is one of the key responsibilities of Governance as well as Assurance function within Bega Cheese (Elder, Beasley and Arens 2012). It is role of the internal auditor for providing independent as well as objective assurance in the adequacy and efficiency of Bega Cheese arrangement for risk administration, governance and internal control. Addition to that, the auditor need to make recommendations that will help in improving the effectiveness as well as efficiency of systems and process (William Jr, Glover and Prawitt 2016). Assessing the likelihood of the potential reliance that could place on the overall control environment From the Corporate Governance arrangements of Bega Cheese, it is understood that the company is committed towards maintaining higher standards of accountability as well as transparency in the administration and behavior of its trade operations (William Jr, Glover and Prawitt 2016). Board of Bega Cheese has accepted corporate governance strategy as well as practices that it is reliable with the sustained augmentation as well as achievement. This leads to constant improvement of value for Bega Cheese group shareholders. Bega Cheese has a diversity as well as inclusive strategy used for building a competitive advantage for the particular company. Addition to that, the strategy used need enduring assurance for leaders that embeds a society of improved thinking on matters relating to working in a diverse work environment (William Jr, Glover and Prawitt 2016). Bega Cheese has made strategies in involving for gaining acceptable development towards achieving the assortment approach objectives. It is represented by women who occupies the management position and increased from 23% to 26% during the previous years (Elder, Beasley and Arens 2012). Audit and Risk Committee is comprised of Independent Director who has certain responsibilities for overseeing the procedure of financial coverage, non-financial risk administration as well as internal control and compliance on external audit (Elder, Beasley and Arens 2012). Audit and Risk Committee members of Bega Cheese will be monitoring the compliance with laws as well as regulations in its own policies. The company should ensure in maintaining positive association between Bega Cheese and he external auditor that remains self-governing. It is necessary for the company for evaluating the adequacy of process as well as control over the established ways for identifying and managing the areas of potential risk in a given way (William Jr, Glover and Prawitt 2016). Reference List Arens, A.A., Best, P., Shailer, G., Fiedler, B., Elder, R.J. and Beasley, M., 2015.Auditing and assurance services in Australia: an integrated approach. Pearson Education Australia. Arens, A.A., Elder, R.J. and Beasley, M.S., 2016.Auditing and assurance services: An integrated approach. Prentice Hall. Arens, A.A., Elder, R.J. and Mark, B., 2012.Auditing and assurance services: an integrated approach. Boston: Prentice Hall. Bierstaker, J.L., 2012. Auditing and Assurance Services.Issues in Accounting Education,17(3), pp.341-344. Campbell, D.R., 2015. Auditing and Assurance Services.Issues in Accounting Education,16(1), pp.157-157. Eilifsen, A., Messier, W.F., Glover, S.M. and Prawitt, D.F., 2013.Auditing and assurance services. McGraw-Hill. Elder, R.J., Beasley, M.S. and Arens, A.A., 2012.Auditing and Assurance services. Pearson Higher Ed. Garner, D.E., 2015. Auditing Assurance Services.Issues in Accounting Education,13(3), p.768. Gay, G.E. and Simnett, R., 2015.Auditing and assurance services in Australia. Sydney: Mcgraw-hill. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2013.Auditing and assurance services. New York, NY: McGraw-Hill/Irwin. Ricchiute, D.N., 2014.Auditing and assurance services. South Western Educational Publishing. William Jr, M., Glover, S. and Prawitt, D., 2016.Auditing and assurance services: A systematic approach. McGraw-Hill Education.