APN Leader Interview Research Paper Example | Topics and Well Written Essays - 1250 words

APN Leader Interview - Research Paper Example Morris A. Magnan. Dr. Morris is an advanced practice nurse in the field of clinical nurse specialist (CNS) and the recipient of the clinical nurse specialist research award of the year 2009. The purpose of the interview would stimulate the interest of the student nurses as well as nurse practitioners on the significance of advanced nurse practitioner. The interview is equally purposed to pinpoint the influence nursing has on health sector delivery coupled with the necessity of research in nursing as a means of improvement in the standards of nursing care delivery. Through an interview with an advanced specialist in nursing, other upcoming nurses can learn through the experience and accumulation in knowledge of other fellow nurses (Varkey, Reller, & Resar, 2007). An interview held with Dr. Morris A. Magnan in his office at the college of nursing research center at Wayne state university revealed a composition of nine core competencies in advanced nurse practice that are important in his specialty as a clinical nurse specialty. Below is part of the documented interview that highlighted the significance of the core competencies in his specialty. (At 9:00am in Dr. Morris A. Magnan’s office in Wayne state university department of nursing sciences. The office is visibly organized with a couple of paperwork sorted in different trays on the table. On the wall hang three charts with the one behind Dr. Morris demonstrating mechanisms with which pressure sores can be prevented especially in the geriatric patients. Dr. Morris formally invites me to his office signifying the need to begin the interview.) Dr. Morris: Nursing is undeniably a significant profession in health care delivery. With the improvement in technology and changing in lifestyle, there is continuous diagnosis of new infections and conditions. The future of nursing will thus depend on the

Discuess the statement about the pricing, valuation and sensitivities Essay

Discuess the statement about the pricing, valuation and sensitivities of Credit default Swaps Spreads by presenting a critical r - Essay Example Secondly, it presents a review of sensitivities and spillover effects on CDS spreads from bond, equity and options markets. Under this, the market that has the greatest influence is identified after considering statistical evidence from various sources. Finally, the report reviews credit default swaps in the context of monitoring sovereign risks in both developed and emerging market economies. This seeks to demonstrate how credit default spreads behave in tranquil and volatile market environments. In addition, the importance of CDS market development in emerging economies is also highlighted in this report. 2.0 Background Credit default spreads (CDS) are recent innovation in the management of credit risks. They have gained popularity in the management of both single name and sovereign debt risks. The market is valued based on information from related underlying equity, bond and their options markets. However, various challenges have been experienced when dealing with CDS markets. The se challenges include pricing of CDS spreads, lack of exchanges for trading credit derivatives, manipulation of accounting information, among others. Pricing of the CDS spreads is not an easy task. Though various models have been put forward by many researchers, there is no universally accepted method of computing the price of CDS. Another challenge is the lack of exchanges for trading credit derivatives. CDS quotes are therefore obtained over the counter (OTC) and may not be reliable for estimating the CDS spreads. Spillover effects from the bond, equity, and options markets also affect the CDS spreads. The extent to which these markets impacts on the CDS spreads is not clearly known despite the various statistical methods posted by different researchers. Some suggested that equity markets have the greatest spillover effects on the CDS spreads while others argued that options market are the major contributors. Credit default swaps have been fully taken up in the developed economies while the emerging economies are still struggling to catch up. The way in which CDS behaves in tranquil and volatile market environments has sparked serious research. Many questions concerning CDS markets and their importance in the emerging economies have been raised by various researchers. How are sovereign risks managed by these economies? The application CDS in managing risks is a new innovation that requires further research. 3.0 Credit Default Swaps 3.1 Determination of the price of a single name CDS security. Many approaches of determining CDS spreads have been put forward by various researchers. One commonly used approach for pricing a derivative is by finding a portfolio of assets whose returns matches that of the derivative replicated. Duffie & Singleton (2003) and Lando (2004) suggested such portfolios in their research. This strategy may not work in a situation where similar replicating instruments needed for replicating the portfolio are not issued by the issuer whose CDS’s are being replicated. In addition, what happens to the replicating portfolio when the CDS contract ends after a credit event? Another approach of pricing CDS spreads is to determine the value of spread which equates the net present value of the expected value of the coupon to the net present value of the expected value of the payoff. Hull & White (2001) used this approach to formally derive the pricing formula. They assumed that interest rates, recovery rates and default

Guillermo Furniture Store Analysis Research Paper - 1

Guillermo Furniture Store Analysis - Research Paper Example The benefits of operating as a sole proprietorship include the fact that Guillermo is able to make decisions without consulting anyone. With this in mind, Guillermo has decided not to merge with other organizations or even to acquire another organization. This led to the consideration of three options – continue as usual; purchase a hi-tech machine; and operate as a broker. However, before any decision can be taken, an analysis of the three options is required. Continuing as usual does not require Guillermo to do anything but to do business in the same manner as before. It is best that Guillermo makes some changes to his current operations. If sales and profits continue to fall then the end result is that the firm would have cease operations. However, with Guillermo’s reluctance to go the way of merger or acquisition closure of the business may be inevitable if the other options are not feasible. Purchasing a hi-tech machine is a very costly option as it requires an outlay of capital. Therefore, Guillermo’s ability to obtain funds as well as the cost of capital has to be a prime consideration. However, there are benefits that can be achieved from going this route. In order to break even, a certain level of sales would have to be achieved. The break-even point is achieved at the minimum level of sales which ensures that the firm neither makes a loss nor a profit. It is a measure of risk that is and s frequently used in making entrepreneurial decisions (Prakash and Deshpande 1982). This is only possible if Guillermo is able to produce furniture at a cost which is lower than the competition. This option of operating as a broker would require Guillermo to become a local distributor for an overseas firm while continuing to manufacture some of the items currently produced. This option will therefore require some changes in the way it has been operating as the main emphasis will be on distribution. This option does not require any capital outlay. An

Chap 8 Essay Example | Topics and Well Written Essays - 250 words

Chap 8 - Essay Example In practice, the audit process has five steps: planning, studying and evaluating controls, testing and evaluating controls, reporting, follow up and reports (Hingarh and Ahmed, 39). Understanding the scope of an audit is fundamental in ensuring that one conducts a successful audit. The scope of an audit is supposed to guide the editor and give him understanding of exactly what is expected of him during the audit (Hingarh and Ahmed, 56). In the case given, the scope of the audit required that the IT manager identifies the causes of bounced checks, unrecorded transactions especially between 1 p.m. and 2 p.m. In addition to this, the manager was expected to identify the cause of wrong order of execution of business transactions. Apart from the scope of an audit, IT managers conducting systems audit and supposed to understand the best control environment that will give the best results of an audit. The control environment helps managers to know exactly the best control features to add to a system for better performance (Hingarh and Ahmed, 68). In conclusion, information system audit is an important exercise in any organization’s systems and needs to be done regularly to avoid errors and miscalculations in a system. According to research, system audit saves many companies from losses and ensures steady execution of business activities and transactions (Hingarh and Ahmed,

Insurance law Research Paper Example | Topics and Well Written Essays - 750 words

Insurance law - Research Paper Example The insured party is not compensated by the insurer. This type of policy is commonly taken by those owning automobile. 2. Third-party, theft and fire. This type of cover is an extension of the third-party cover by including risks associated with theft and fire. The risks covers the policyholder only not the third party. 3. Comprehensive cover: this type of covers insures the insured plus the other party who incurred loss caused by the inured party. Comprehensive cover is more advantageous than third party insurance. One is returned back to the level he/she was before the predetermined risk occurred Insurance just like any field has to have its principles to ensure a fair playing field among the involved parties. These principles are regarded as the pillars of insurance and ingredients for transformation. This principle gives the policyholder who has been insured against a predetermined the right to be compensated. The compensation should restore the policyholder back to where he/she was before the risk occurs. Therefore, one should not expect to be paid much than what he/she suffered as a result of the risk. Insurance is a contract and thus, requires information from both parties to be bias free. It is from the information that premium is calculated and therefore, information inconsistency and inaccuracy may lead to wrong premium calculation and interfere with compensation. Health insurance is most affected with this principle since any omission in the health satus of the insured might compel the insurer not to compensate the insured in case a risk occurred and the insurer had no information regarding certain element of the health status of the insured. This principle covers the issue surrounding premium. An insured party is expected to pay a predetermined amount of cash referred to as premium for him/her to be compensated when a risk occurs. Failure to pay the agreed amount might result for one not being compensated in case a risk

Maritime Technology 1 Essay Example | Topics and Well Written Essays - 1500 words

Maritime Technology 1 - Essay Example This physical quantity has been associated with randomness by Boltzmann who believes that in a confined system, the disorder that is produced is actually entropy. On the other hand, Shannon considers positive information that is produced in message transmission as entropy. Conversely, there is one more interpretation given to the term which is very much opposite to the former. Brillouin associates entropy with deficiency of information. This can also be stated as uncertainty and doubt and something which cannot be predicted. Ignorance is also one part of the mentioned interpretation of Brillouin. In addition, finally, there are some authors and theorists who consider freedom as entropy; freedom to evolve from one state to the other (Brissaud, pp. 69-70, 2005). Entropy is, basically, a fundamental and core value of modern physics that could be easily linked with different areas like metaphysics, biology and even economy. For these reasons, every interpretation and explanation of the t erm has its own importance in these diverse fields and they should be made to use in order to learn more about the phenomenon. Let the paper analyse each interpretation separately. When they say that entropy is the disorder, it means that when heat is produced in a closed system, the molecules gas molecules would, automatically, move randomly in any position. This would create more work and energy in the system than the energy which was initially present. This chaos and disrupt is termed as entropy. Moreover, considering the second and third interpretations, the lack of information, actually, refers to uncertainty and indefiniteness. An outsider can never predict where and how the gas molecules would spread when heat energy is produced in a closed system. This tendency of not being able to predict the present and future positions of molecules makes entropy associated with uncertainty and lack of information. However, for the same closed system, considering it from the inside, the mo vement and change is actually an information which is referred to as positive and beneficial adding up to the knowledge. Likewise, the gas molecules have maximum freedom to move rapidly in whatever directions, which increases with time (Brissaud, pp. 70, 2005). However, many theorists and authors disagree with the association of entropy with disorder. These theorists claim that the agitation is more a result of temperature than of entropy as a whole. This confusion exists because of the reason that all these three quantities and values are closely in connection with each other. Heat, temperature, and entropy have so close relations that the source of disorder and agitation is not observable clearly and precisely. When defined accurately, temperature, according to the modern and classical thermodynamics, is the value given to the molecular agitation that happens after heat is produced in a closed area. Furthermore, heat is termed as the disordered energy creating the chaos. Therefore , these three core principles in thermodynamics are closely linked with one another and are the source of the concepts of agitation and disorder that are associated with entropy (Brissaud, pp. 82, 2005). Thus, temperature is the real phenomenon associated to chaos and disorder since low temperature systems are always said to under order and less agitated. This is the reasons theorists disagree with that interpretation. Heat production and the

The Media Exposure of Children and Youths Essay

The Media Exposure of Children and Youths - Essay Example By spending this time watching the TV, video, and films, I got loads of information that connected with my life experiences, and more importantly, the experiences influenced my life in different ways. Through this paper, I will review two films: Adams Rib (1949) and Real Women Have Curves (2002), to show how the two have influenced and shaped my life. In particular, these two movies have highlighted the themes of gender, ethnicity and the role of parents, and have been instrumental in the development of my personal life. Â  As a Muslim, I had grown to the age of fifteen years, knowing and believing that men were superior to women in all ways, including the way they could succeed in education and career. However, during one evening, I watched a movie that would change my view of women and their potential within the society. Previously, I had watched my mother taking her roles as a housewife very confidently and proudly, until it was almost unusual for me to imagine the place of a woman in reputable roles like national administration, law or medicine (Rideout, Roberts and Foehr 6). The place that I had associated with women is commonly the reality among Muslims, as their culture and way of life, limit the entry of women into positions of leadership (Mernissi 34). The common socialized outlook, among Muslims especially those living in Muslim societies, is that men are stronger than women intellectually, physically and socially, therefore allow men to dominate women (Mernissi 34). Â  However, this outlook towards the roles and the positions of the two genders changed drastically, and the change has continued to change, since that time. The film showcases the lives of a married couple, Adam and Amanda Bonner (wife).