Managing Financial Resources and Decisions - 3300 Words

Managing Financial Resources and Decisions (Essay Sample) Content: NameInstitutionDateManaging Financial Resources and DecisionsIntroductionFinancial resources are said to be the money that is available to a business for spending. It may be in the form of credit lines, cash or even liquid securities. When a business is new and has just been started, the business owner must secure enough financial resources to enable them to run their business smoothly and efficiently without getting any financial problems on the way. Efficient running of the business ensures great profits and therefore promotes success. The financial resources are assumed to be the funds mostly in cash that fill in the lack of funds in a business. This lack of funds is mostly caused by the difference in timing between a business or a companyà ¢Ã¢â€š ¬s cash expenditure and its cash receipts that they obtain. Financial resources are most of the time from different investors such as shareholders and also debt holders. In return for the provision of financial support, the investors get compensation from the business or company. The compensation can be in form of dividends or even interests after a certain period of time. Most companies prefer selling their stock rather than taking loans from banks or even from individuals. This is because; stocks cannot be taken back by the company in exchange of the money offered for the stocks. Also, if the company collapses and all their assets liquidate, the share holders of the particular companyà ¢Ã¢â€š ¬s shares cannot go after the company in the name of being creditors. The shareholders can only take what remains of the company or business once all the creditors and debt holders get what the company owes them. However, as wise as it may seem to prefer selling of shares rather than taking loans, most of the time, companies are usually in need of immediate money once they decide to sell the shares of the company. Especially in small businesses, it is difficult to sell shares in the stock market of an unkno wn or newly started business because the future of the business cannot be predicted. In the stock market, the shareholders are the ones who decide if a stock will go up or down in price and therefore, they are still the ones who will decide if a stock will be bought or not. Also, in both big and small businesses, it is difficult and time consuming to sell stocks if the company is in need of immediate funds. This is because selling the stocks is a really long process. First they must be decide on the price, go through the government finance officers to get the legal papers for selling the shares and then make it official in the stock market. Also, before people realize and analyze the new stock, it would take weeks or even months. Companies and businesses will always be in need of money to maybe start new projects or even invest in equipment that may help promote the success of a business. For example, a small company would see a great way to advertise their products on the internet and they would opt to create a website to market their products online. In the present day, most companies are turning to the internet since it is both cheap and efficient. However, although creation of websites or even affiliate marketing may be cost effective, the other ways such as using billboards or other multimedia services for advertising are seen to still be important. Not everyone can access the internet or even, not everyone is computer literate. Therefore, they prove to be important since nobody would need special skills to be able to see an advertisement on for example billboards. In fact, maybe most of the people who see the advertisement on the billboards and also other multi-media outputs such as televisions are your potential customers and not the ones who access the website of that particular business or company. Therefore, the small business owner would get a bigger return of investment rather than using the websites only. Therefore, the small business owner or the company would go for immediate funds in form of loans from people or maybe banks so that they are able to maintain the cost of putting on the billboards or even bringing their advertisements on televisions or on the radios. However, this would be taking a bigger risk because if the business unfortunately fails, the creditors and debt holders are allowed to go after the personal belongings of the owner or the owners of the company. This is why some businesses collapse and crumble to the ground because they unfortunately canà ¢Ã¢â€š ¬t pay their creditors. Therefore, it becomes very important to first assess some of the decisions made by the business owner on taking loans. Assessing the business and their ability to be successful becomes very important since it would sidestep certain problems such as bankruptcy.In big companies, the loans are taken from people who have a lot of money or banks. The people with a lot of money who loan big companies money are said to be debt holders a nd are given certain papers known as bonds of an equivalent amount of Mooney they have loaned to the company. The bonds come in handy especially when a company collapses or goes into bankruptcy. Once all the assets of the company liquidate, the debt holders can cash their bonds and they are able to get their money back. They are also privileged because they are the companyà ¢Ã¢â€š ¬sà ¢Ã¢â€š ¬ creditors at the moment so they can get their money back before the share holders of a company. The banks and debt holders also get to act as current owners and members of the company (Booth Geoffrey, 1997). They are included in making important decisions and this helps them to à ¢Ã¢â€š ¬Ã‹Å"watch overà ¢Ã¢â€š ¬ their investment. They are allowed to vote for the company or business managers and are consulted on most of the issues in the company which involve a lot of money.Most companies take these loans to invest in other areas or even to expand the same business. For example, an airline company can take a loan from a bank to increase the number of air planes in their company. This is seen as an effort to expand the company. However, these companies can never be given loans to pay their debts. With this large amount of funds this companies get from loans, their needs to be a very good and knowledgeable team that would help to manage the money and therefore avoiding the company from taking a nose dive and therefore leading to bankruptcy. This is because; a companyà ¢Ã¢â€š ¬s first aim is paying off the loan that they had taken and later start enjoying the profits from the expanded business. Therefore, the loan becomes a priority before anything else that would require funds which are not really necessary such as awarding workers bonuses. (Booth Geoffrey, 1997)Loans however are not the major source of income of a company. The usual aim of a company or a business is to make enough profits to continue expanding the business. For example, the aim of a bank is to make enough profits to be able to open up more and more branches in multiple places to be able to attract many customers. The money that a business makes is known as the working capital which is the total amount of money a business or company makes from their business transactions. This is said to be the most important finance resource of a business because without making any profits or even getting a return of investment, a business will obviously collapse. The profits or even return of investment can only apply when all the expenses of a business are eliminated (Avery, 2003). The expenses may include workers wages, taxes or debts. A companyà ¢Ã¢â€š ¬s financial resource that is obtained from working capital determines a lot of aspects in a companyà ¢Ã¢â€š ¬s future. For example, a company that make huge amounts of profits will attract a very large number of investors who can give those loans and also, if the company decides to sell shares, they can sell them at high rates and the sha res would still be bought by many investors. This is because, investors predict that the companyà ¢Ã¢â€š ¬s future is really bright and therefore they would make a lot from the company. This would be the complete opposite from a company that makes little profits.For a company to make profits there are a number of factors that determine the company making profits and also the amount of profits it would make. One of the most important aspects is the business orientation of the company or business. Business companies in the recent past have been seen to have great competition with each other. Every business comes up with their own strategies to increase competition. Therefore, companies that are not able to keep up with this competition are usually at the risk of extinction. The competition which a business is brings in the market is all dependent on the orientation of the business. Orientation of a business the major factor that businesses consider when coming up with ideas and strat egies to increase competition. Therefore, there are two types of orientation in a business namely marketing orientation and societal orientation.Marketing orientation is a business philosophy whereby a business focuses mainly on identifying and meeting the stated and hidden needs and wants of customer. It is said to be a coordinated marketing campaign between a company and its customers (Deshpandey Farley 1996).Societal orientation on the other hand is the business perspective whereby a company works on the best interests of the people in the society.In the two definitions, it is clear that marketing orientation mainly focuses on the needs and wants of customers while whereas the societal orientation focuses on the well being of the consumer. Therefore, societal orientation is much more environment friendly. Both are ways to create competition for rival companies but however, they have different costs to incur when used.Companies that need easy money and fa...

Outrageous Math Essay Topics Tips

<h1> Outrageous Math Essay Topics Tips </h1> <p>Always ponder the best approach to make an awesome exposition structure it's a noteworthy part scholarly composition. For example, here is among the perfect spot to buy papers on the web you can go to. A portion of the counsel that could assist you with composing incredible math expositions are determined underneath. Pick an interesting exposition subject, and you are going to start getting a charge out of it. </p> <h2>Life, Death and Math Essay Topics </h2> <p>These pages list the integrals of a few unmistakable capacities. Setting up the plans needs a bit by bit activity steps fundamentally the same as calculations. The understudies will be ready to pick devices from the board underneath the line when entering content. Think about particular systems. </p> <h2>Math Essay Topics - What Is It? </h2> <p>Mathematical examines is believed to be a very regular course among can didates and understudies. Creators may likewise confine the measure of lines of math or content that might be entered by the understudies. Such reactions could be acceptable yet don't address quick needs of an understudy. A chance to check at certain insights with astonishing results. </p> <h2> The Upside to Math Essay Topics</h2> <p>It's additionally basic to refer to references any place essential. While some of the tips may look like good judgment, it should be noticed that even experienced authors can overlook a couple of the rules. Settle on an educator who will pick the chance to peruse a few drafts and give you broad notes. On the off chance that you're searching for help with your paper, at that point we give an exhaustive composing administration offered by completely qualified scholastics in your general vicinity of study.</p> <p>Be sure the arrangement is exact. Next, offer the response to the issue, and afterward show how it was found. There's been an ongoing forward leap inside this issue. </p> <h2> Lies You've Been Told About Math Essay Topics</h2> <p>Some regularly react that arithmetic is fundamental for almost the entirety of the employments and it improves basic considering aptitudes somebody. Along these lines, students can't utilize the ability to new settings. Research the way the scores from different IB subjects think about. A few instructors may very well interpretation of understudies as they need to and probably won't be energetic about understanding drafts and probably won't offer you a decent arrangement of input. </p> <h2>The Good, the Bad and Math Essay Topics </h2> <p>If you're truly adhered attempting to find a not very wide or limited theme, I encourage endeavoring to conceptualize a point that uses an examination. Making up an interesting theme may take some time, however by and by, it ought to be something you can clearly characterize and intr oduce precise compact information. Whenever you discover yourself feeling enraptured by an individual's paper or article, investigate it. In this manner, if there's any motivation behind why you can't have your all-encompassing article composed on time yourself, you should simply submit your request on our site, and leave the rest to us!</p> <h2> Top Choices of Math Essay Topics </h2> <p>Consult your IB facilitator in the event that you don't know whether you're on a specific timetable. To form an exploration paper on Mathematics isn't an issue for our journalists. As an issue of certainty, every one of these Sciences progress just with the assistance of Mathematics. </p> <p>In the end, you will discover someone who will compose articles for cash at the most efficient rates for you. Normally, you won't generally have a genuine circumstance to examine for each and every theme once in a while you have to obtain thoughts from various individuals or b asically apply your creative mind. A significant point to endure as a primary concern is that you shouldn't use an exorbitant measure of specialized language so as to lose the enthusiasm of your peruser. View our manual for finding your expected school. </p> <h2> Choosing Math Essay Topics Is Simple</h2> <p>The significant part of arithmetic is reflection that provisions the alternative to classify out information around a few models thus to become familiar with their basic abilities. The central motivation behind why I like science is that I don't really need to retain everything like a parrot like I have to do in various subjects. More than some other order, it requires the author to be cautious in their selection of words. As a matter of fact they can help. </p>

Examples of Reflective Essay Topics

Examples of Reflective Essay TopicsIf you are trying to write a reflective essay for college, you may find yourself searching for samples reflective essay topics. This can be a little bit confusing because there are so many different types of writing samples out there, and some of them are just not reflective. In this article I will cover a few that are reflective.One of the first samples reflective essay I am going to talk about is the persuasive essay. This is one of the more common types of essays that people write. The reason it is so common is because it has the most reach and ability to influence readers. Another reason is because it makes a lot of sense and because it is used on a daily basis, it is easy to relate to and comes across as being composed.The next sample reflective essay I want to talk about is the traditional reflective essay. This is the type of essay that is typically seen in traditional lecture halls. The purpose of a reflective essay is to discuss something t hat is relevant to a current state of affairs, or the topic of a class, and discuss it from a neutral standpoint. Often the teacher is going to be judging the essay and deciding whether or not it is good or bad for the class, but at the same time the teacher is also making an argument for the topic of the class.One of the easiest types of reflective essays to write is the start and finish reflective essay. This essay is a little bit harder than others because it is often times longer and involves a lot of background information that is similar to the beginning of the piece. To complete a start and finish reflective essay, you generally will have to have some knowledge of the facts and background information. This will usually mean that you will have to spend more time in class. The end of the piece is generally a point in which you will try to convince someone in the class that you are right and what you say is true.The third sample reflective essay I want to talk about is the essay that is between three and ten minutes long. In this essay you will want to take a look at the three main points that you want to make in your essay. Then you want to weave all the different parts together to create a conclusion or an opinion. It is important to remember that even if you do not get all three points in the first draft, the last draft should still have all three points. It is for this reason that the start and finish essays tend to be the longest and most reflective of all the types of essays that you can write.The final sample reflective essay I want to talk about is the reflective essay that is also a thesis statement. The main difference between a thesis statement and a start and finish essay is that you will not have to spend as much time in class in order to construct the thesis statement. It is more of a summary of your argument instead of an argument itself. The main difference between a thesis statement and a start and finish reflective essay is that you are n ot limited by the length of the piece. If you want to include a more in depth essay in your resume you are free to do so.As you can see there are a few different types of reflective essays, and each of them has its own benefit and use. Start writing now! It is really simple to write these types of essays, and they are perfect for your college application or a general research paper. The hardest part is just choosing the topic of the essay.For more samples reflective essay ideas, visit the link below. Take a look at the research I have done on this topic for you!

The Fundamentals of Economic History Essay Topics Revealed

<h1> The Fundamentals of Economic History Essay Topics Revealed</h1> <h2> The Ideal Strategy for Economic History Essay Topics</h2> <p>Try to recall, in case you're composing a contention about whether they truly existed, you are going to need to introduce proof to back up your contention however will likewise should manage the counterargument. Progressively significant is that you show your understanding of the inquiry assortment. So think as troublesome as you can concerning the importance of the inquiry, about the issues it raises and the manners in which that you can answer it. Try not to build your likelihood of being ceased from your examinations because of confiding in individuals who can't help with picking history paper subjects for secondary school understudies. </p> <h2> The History of Economic History Essay Topics Refuted </h2> <p>It is an unthinkable undertaking to compose an awesome history paper in the event that yo u expound on something you discover exhausting and couldn't care less about in any capacity. History papers can have some time to compose. All things considered, you'll despite everything need to expound on history. History is a subject that is in every case firmly joined to existence. </p> <h2> Type of Economic History Essay Topics </h2> <p>Writing an examination paper about such a considerable crossroads in the American history can be beneficial there's as of now loads of research on the order. Paper Masters can order an undertaking you might be satisfied with. </p> <p>Alongside the points, you'd find heaps of papers at no expense. There's bounty if helpful data with respect to the Web. Compose a rundown of thoughts you have or a rundown of things you're keen on. There are loads of collections of themes dependent regarding the matter you would choose to form a paper. </p> <h2> The Most Popular Economic History Essay Topics</h2> <p>It is instructed to separate this sort concerning paper into segments. Each area of an exposition is basic, however the absolute first section is urgent. The proposition proclamation should be incorporated inside this section to allow perusers to understand the focal contention of the paper. The significant word in the previously mentioned passages is think. </p> <p>The article isn't the least complex errand to ace. Therefore, if your contentious history article themes aren't taken care of sufficiently, you're completely allowed to demand revisions. On the off chance that you need the subject of your history exposition, you will take pleasure in doing research for it. View this exposition composing guide. </p> <p>Thus, to compose an extraordinary paper inside this subject, one needs to utilize a minumum of one history article acquaintance model with be guided. Maybe you despite everything need to see increasingly about the best approach to create a history paper. Or then again the paper may focus on clinical revelations, similar to the polio antibody or penicillin. </p> <p>Even when you have great history article points and the best possible thoughts at the top of the priority list, however you're not centered around composing, you may end up having a low-quality paper. In the first place, the paper is gone through Copyscape application to guarantee it's not counterfeited. In this manner, composing a history paper will be fun, in the event that you just pick an extremely captivating history exposition subject. </p> <p>To begin composing your task you would need to experience an intriguing and promising theme. In the event that you might want to pick overall quite fascinating American history exposition subjects, you must be cognizant they should be explicit and genuinely limited with the goal that you're ready to consider a specific issue or issue. In the occasion you can't locate your subject here, don't stop for a second to sit down to chat with our staff and put a request for a redid history paper on your particular subject. The subject for conversation should be sensible, for example you should be in a situation to go over this issue in the most itemized manner dependent on the amount of pages you should compose. </p> <p>Quite just, you must accept cautiously about the inquiry you are mentioned to reply. Our specialists see how to deal with US history article subjects with a touch of class. Our monetary history point proposals can be used to make remarkable recommendations for your own exploration papers. </p> <p>The choice of theme is exceptionally significant with respect to composing an extended exposition and absolutely in the subject of history. Making a rundown of the advantages and burdens is the perfect starting to composing a points of interest and drawbacks paper about expansion. A short time later, the best activity to do is to limit the subject down as per the rules offered by your educator. Along these lines you'll limit your themes to the one which is generally suitable for you.</p>

Possible Thematic Essay Topics

<h1>Possible Thematic Essay Topics</h1><p>There are some generally excellent motivations to compose a potential topical paper. A decent paper can get you into an extraordinary school. It is additionally not difficult to do and can be delighted in by anybody. This can be your first time composing a potential topical paper and you might be a little apprehensive.</p><p></p><p>The first thing you have to do is comprehend that there are a ton of exposition points for you to browse. Most universities will request that you pick one as a center point for your school profession readiness. A portion of the better ones are strict topics, ecological subjects, business topics, and so forth. There are heaps of acceptable ones to browse. The most ideal approach to discover what points you should utilize is to do some exploration on them.</p><p></p><p>Once you have a rundown of the expositions you might want to use for your conceivabl e topical paper subjects, you should know which one you ought to remember for your composition. Fortunately there are simple approaches to make it simpler for you to choose what to compose about.</p><p></p><p>Remember, it is anything but difficult to overthink things and this can make you overlook your subject. Think carefully. The least complex strategy to consider your subject is to just peruse a decent book or watch a decent movie.</p><p></p><p>This way you will have genuine data to expound on. Perusing a decent book is something that you can without much of a stretch do. You will find that perusing a decent book will significantly profit your writing.</p><p></p><p>Next, you will need to watch a decent film. Motion pictures will allow you to watch various films and perceive how they can engage you. Motion pictures will likewise assist you with deciding whether you like the movie.</p><p></p>& lt;p>Finally, you will need to watch a decent book. Books are the least demanding approach to assist you with finding out about a subject. Numerous individuals stall out in their theme and wind up making something that is only business as usual. By perusing a decent book you will have the option to make up your mind.</p>

The Hunger Games By Suzanne Collins - 880 Words

Katniss Challenges A place where anything can happen, waiting for you, ready to attack without making a sound and kill you. This will be the stomping grounds of the twenty-four tributes, which will battle to the end, until one tribute is alone standing to become the victor. In the novel The Hunger Games, written by Suzanne Collins. Panem is described as having a cruel government. The Capital uses children from the ages of twelve through eighteen to battle to death. Katniss Everdeen is a sixteen year old. She took the place of her sister Primrose as tribute to fight the bloody battle in hopes of winning and becoming the victor so she may return home to protect Prim from unseen mishaps. Katniss will have many challenges in her way, if she wants to win and come home to protect her family from starvation. She will have to work through her impulsive, mistrust, and self-doubt to stay alive and make victor. At the beginning, Katniss is aware she can’t pass the fence that leads to the meadows into the woods. â€Å"Trespassing in the woods is illegal and poaching carries the severest of penalties† (Collins 5). Knowing it’s illegal to hunt, Katniss impulsiveness allows her to continue to enter the meadows, without thinking of the consequences if she gets caught. She doesn’t plan or see the big picture of her actions. When she was inside the room with the Gamemakers, she grabs the bow and arrow and misses her first shot to the dummy. She glanced up at the Gamemakers and notice theyShow MoreRelatedThe Hunger Games By Suzanne Collins3246 Words   |  13 PagesStudy Unit The Hunger Games by Suzanne Collins and Steven Galloway’s The Cellist of Sarajevo demonstrates the way in which people are affected by war, and a brutal dictatorship. The authors illustrates the main purpose for writing their novel through the use of imagery, characterization, foreshadowing, flashback, similes, and symbolism. Suzanne Collins and Steven Galloway use imagery and characterization to vividly describe the effects and outcomes of war and dictatorship. Suzanne Collins portrays,Read MoreThe Hunger Games By Suzanne Collins1352 Words   |  6 PagesThe movie or the book the Hunger Games came out with a bang when it first hit theaters or the shelves of the bookstores. It was dubbed as one of the best films or books to read, interestingly enough it was a remake of the stories or myths most people heard when they were younger, but modernized and turned into a collage of all the best roman and Greek stories. Suzanne Collins brilliantly combined the Greek and Roman influences to make the movie/book unforgettable. By using stories from the romansRead MoreThe Hunger Games By Suzanne Collin899 Words   |  4 Pages Suzanne Collin’s â€Å"Hunger Games† seems to be about a dystopian society struggle to become a utopia. However, when the readers read further in to the book or watches the movie one can see that is about all the characters that make use human. As human, we feel the need to build an ethical framework based on our needs for authority rather than tradition. The Capitol in the Hunger Games exploits human needs to keep authority in place. After rising seas and poverty consumed much of the land, the CapitolRead MoreThe Hunger Games By Suzanne Collins1419 Words   |  6 Pagesemotional atmosphere within a dystopian state, there exists an absence of feeling which competes for dominance. Suzanne Collins’ demonstrates this competing apathetic mood in her novel, The Hunger Games, through the citizens of the divided dystopia of Panem. This essay will analyze the origins and influence of apathy on a people and an individual, in both a political and personal sense. Collins’ main argument, that citizens’ facing governmental oppression can either become compliant with apathy, or, insteadRead MoreThe Hunger Games By Suzanne Collins854 Words   |  4 PagesIn a place where poverty is prevalent and a country is ruled b y a tyrannical dictator is it possible for an individual to trust others when their own life is always at stake? In the book The Hunger Games by Suzanne Collins, the main character Katniss Everdeen is a survivor. In the novel she is put into an arena to compete against twenty-three other tributes to the death. This is not the only time during which she has to fend for herself; at home she had to care for her family and keep them aliveRead MoreThe Hunger Games by Suzanne Collins710 Words   |  3 Pages‘’The hunger games’’ is a novel written by Suzanne Collins, published in 2008. The genre of the book is thriller/survival, and is written over 27 chapters with 454 pages. In this analysis, I will tell you about how the main character Katniss changes through the novel, and tell you a little about the central characters that plays an important role for her. ‘’The Hunger Games’’, is set in the future in the country Panem, and is about the sixteen-year-old girl, Katniss Everdeen. Panem is divided intoRead MoreThe Hunger Games By Suzanne Collins986 Words   |  4 PagesThe Hunger Games by Suzanne Collins is about a sixteen year old girl named Katniss and how she needs to fight for her life. The Hunger Games takes place in an arena in the Capitol of Panem. There are 24 tributes, two from each District. The games were created to punish the Twelve Districts for trying to create an uprising against the Capitol. Suzanne Collins book could be compared to the United States and how people obsess with the way they look, discrimination is still occurring, and how the governmentRead MoreThe Hunger Games By Suzanne Collins3514 Words   |  15 PagesThe Hunger Games is a science fiction, dystopian post-apocalyptic series that takes place in a futuristic North American nation called Panem. The film series is based on the nov el series of the same title written by Suzanne Collins. Many who watch the films view them as an action-packed adventure series, but The Hunger Games, like many other dystopian films, feature social and political subjects that relate back to past and present culture. Dystopian films like the Hunger Games provide messages,Read MoreThe Hunger Games By Suzanne Collins1487 Words   |  6 PagesMy first text is The Hunger Games which is written by Suzanne Collins and it was written in September 14 2008; was set in the future, around the year 2087. My second text which is 1984, which is written by George Orwell and was written on Wednesday June 8 1949 and it was set in 1948. There are many themes in the book hunger games such as ‘the inequality between rich and poor’, ‘suffering as environment’ and ‘the importance of appearances’. In 1984 there is also many themes portrayed such as ‘theRead MoreThe Hunger Games By Suzanne Collins2436 Words   |  10 PagesThe Hunger Games is a science fiction and adventure film, based on the novel written by Suzanne Collins, which explores concepts of Marxism and numerous aspects of its principles through the dystopian world of Panem. The Hunger Games follows Marxist theories on bourgeoisie and proletariat class structure as well as capitalist production and the distribution of good. Thelma and Louise, a 1991 film directed by Ridley Scott, is often referred to by critics as â€Å"the ultimate feminist film†. This film

Medication Error Free-Samples for Students-Myassignementhelp.com

Question: Describe the Case Scenario that you have Selected to Reflect on, Concentrating on main details of who was involved, what Incident occurred, and why the Incident occurred. Answer: Description: During the medical round with the registered nurse in the pediatric section, a type 1 diabetic patient was due for insulin injection at 10 o clock in the morning. The registered nurse checked told asked me to draw 24 units of insulin. Before administering the insulin to the patient, the nurse checked the insulin level along with me. However, when checking the blood sugar level, it was identified that the blood sugar level dropped dramatically from 14mmol/l to 3.5mmol/l. Later, when the medical chart was rechecked, it was found that the patient has to be administered 2.4 units of insulin. Feelings: I felt wrong and negligent with the experience. I realized that the life of a patient was in my hands and I considered it very lightly. When I was confronted with the incidence, I felt mortified and remorseful as I had been negligent in my actions. I felt like this because I understood that I need to check the medicines personally before administering them to the patient. I also realized than in the patient care, it is important that the medical chart is read properly before the administration of the medicines. I also felt that the registered nurse who was working along with me was also careless in her duties. I felt critical towards her and realized that he was not careful in the duties. I felt this way because I thought that assuring that the patient is given the right medication dose is the duty of the nurse; however, in this case, the nurse failed to do it (Kolb, 2014). Evaluate: It can be evaluated from the following situation that it is important to remain vigilant and attentive while taking care of the patients. I also realized that before administering the medicine the nurse should check and recheck the medicine and its amount carefully. Any wrong action taken while administering the medicine can cost the life of the patient. Moreover, I also realized that the rechecking the statistics after administration of the medicine was beneficial. I realized that it is important for the nurses and the healthcare professionals to examine the vital statistics of the patient periodically. In the scenario, there was another positive aspect wherein registered nurse checked the dose of the insulin before the administration. It is important that the nurse should check all the dosages herself before administering it to the patient. Analysis: It could be analyzed that the incident occurs due to the negligence of the nurse. The negligence can be defined as breach of duty of care. When the authorized person fails to take proper care of something, it results in negligence of duty. Moreover, the current situation can be categorized as nursing malpractice. It occurs when a nurse fails to comply with the medical duties and harm the patients. It is important that the nurse competently perform all the medical duties (Mulheron, 2016). It can be evaluated that the incident occurs as the registered nurse failed to comply with his duties. The medical charts are updated regularly whenever the doctor visits the patients ward. Therefore, it is important that the nurse checks every time the medical record of the patient before administering the medicines to the patient. Moreover, the nurse should also check the dosage which is to be administered to the patient. Action Plan: The above case study was crucial in understanding the concept of the medical error and its impact on the patient care. I realized that negligence and nursing malpractice can be done unintentionally. I also learnt that it is always essential to remain careful regarding the nursing duties. I learnt from the experience that it is important to remain attentive and careful in the nursing duties. In the future scenarios, I will check the medication and the dosage myself before administering it to the patients (Ballweg et al., 2017). I realized that it is important to check the medical chart every time so that the patient care can be conducted satisfactorily (Wheeler, 2013). Conclusion: During this experience, I learnt that the medical nursing is a very responsible profession and the nurses have to vigilant while taking care of the patients. The nurses should check all the medicines and their dosages before administering the medicine to the patient. The nurse should also check and recheck the medical charts so that no negligence issues may occur. It can be concluded that any medical negligence can result in serious harm to the life of the patient. Moreover, remaining vigilant in the duties is the primary responsibility of the nurses. Any negligence is wrong professional conduct. References Wheeler, H. (2013). Law, Ethics and Professional Issues for Nursing: A Reflective and Portfolio-Building Approach. Routledge. Mulheron, R. (2016). Medical Negligence: Non-Patient and Third Party Claims. Routledge. Ballweg, R., Brown, D., Vetrosky, D., Ritsema, T.S. (2017). Physician Assistant: A Guide to Clinical Practice E-Book. Elsevier Health Sciences. Kolb, D.A. (2014). Experiential Learning: Experience as the Source of Learning and Development. FT Press.