Ethical Principles Underlying Leadership Essay Example | Topics and Well Written Essays - 1000 words

Ethical Principles Underlying Leadership - Essay Example According to the study it is common for healthcare facilities to update their work plans to follow a set of guidelines to conform to high quality standards. However, it is also expected that some members of the institutions in question would raise their points on opposing the implementation of changes within their healthcare system. An example of such changes met with strong opposition was mentioned in detail, where medical personnel were made to conform to evidence-based practices in dealing with their patients. The situation showed how their autonomy in handling patients was violated, but while there were major changes in how to deal with patients, there was still enough autonomy left for the healthcare personnel in the scenario, and that they could still take care of their patients in whatever way they deem fit. On a personal experience, in terms of fidelity and autonomy, the author had to face some problems with regards to handling patients under palliative care and their familie s. The physician handling the case wanted to fully inform the family as well as the patient of the expected life span after several failed chemotherapy sessions. The author voiced concern over the ethical aspect of such, and added explanations that it could prove stressful to both the family and the patient if they knew exactly that the time to be spent together was limited. In the end, to remain honest with the patient and family a compromise was made in telling them of the situation, though some parts of the truth such as estimated timeframe were held back so as not to add stress. Telling them about the shorter lifespan was better than not telling them about it at all, and that this helps them to prepare in the event that the patient suddenly expire within the expected time frame, showing how ethics and fidelity can come together in the provision of care. Answer to Discussion Question 2: Non-malfeasance has been defined as one of the basic principles in healthcare that requires pr oviders to do the patient not any kind of harm, however, the vagueness of the term creates problems in determining whether actions done for patients are harmful or not (Monagle & Thomasma, 2004). This means that harm becomes a relatively subjective term, and what may work for one patient might fail in another’s case. This is one reason why patients normally put their complete trust on medical personnel in keeping them safe, no matter if they would be harmed or not. It is expected that

Financial options are easier to value than the common stocks to which Essay

Financial options are easier to value than the common stocks to which they relate. Discuss - Essay Example In case of payment of dividends also, the common stocks are allocated dividends only after the preferred stockholders are paid in full. Thus the valuation of common stock is an area of interest for the investors as it gives an idea of the financial health of the company and also a forecast of the future in terms of profit and loss to be incurred by the company. The valuation of common stock is represented in terms of its present value or fair value or intrinsic value (Moyer,  Moyer, McGuigan,  Rao  and Kretlow, p.249). Financial Options Financial options are contracts which give the right to the owner of the Option to buy or sell an underlying stock at certain agreed upon price within a certain period of time. The owner of the financial option is, however, not obligated to buy or sell the underlying stock within the specified time frame. The agreed upon price is called the strike price. When the buyer executes the option of buying the underlying security at the strike price, it is called â€Å"call† option. When the buyer executes the option of selling the underlying security at the strike price, it is called â€Å"put† option. ... Financial options are a part of the financial derivatives. The valuation of option depends on the difference between the market price of the underlying security and the strike price and subsequently the discounted expected value of that difference at the time of expiration of the option (Brigham and  Ehrhardt, p.273). Valuation: Financial Options and Common Stock The valuation of common stock is based on the determination of present value of the stock taking into account the expected cash flows of the company in future. The methods applied for valuation of common stock are discounted cash flow method, dividend discount model, etc. The DCF (discounted cash flow model) takes into account the forecasted future cash flows which are determined on the basis of growth rate and terminal growth rate of the company. Factors like depreciation, net profit, capital expenditure, change of working capital, cost of equity as discounting factor is considered for determining the fair value of common stock (Pinto, CFA,  Henry, CFA,  Robinson, CFA,  Stowe and CFA, p.183). The DDM (dividend discount model) for common stock valuation assumes constant payment of dividends by the company. The model includes forecasting future dividend payout ratio and earnings per share in order to calculate future dividend payments by the company. The determination of present value of common stock is done by discounting the future dividend payments by the cost of equity. The valuation of common stock thus takes into account the expected future cash flows which are affected according to the risk factors. Therefore, valuation of common stock is affected by the company risk, industry risk and market risk. The company risk and the overall industry risk of common stock could be mitigated by