M2 Describe legislations and regulations‚ working strategies and procedures used in health and social care to reduce the risk of two types of abuse Scenario one I am going to use an elderly lady‚ called Arlene (aged 91) who lives in a residential care home who is being neglected by the care providers in the setting. Care standards act 2000 is a legislation put in place in health and social care settings to ensure that all the standards are met at all times and something is done about it if they are
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segments that are divided will serve as fully functional units that perform stated functions. For example‚ a company’s sales department is a common functional area‚ and the staff in this area would all be focused on selling the company’s products. Explain why functional areas are important to a business? A business’s functional areas are the departments depending upon the company’s management structure that manages the main functional areas of business in a company. Most businesses share the main functional
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Explain the purpose and use of a profit and loss account: The purpose of the profit and loss account is to: Show whether a business has made a PROFIT or LOSS over a financial year. Describe how the profit or loss arose – e.g. categorising costs between "cost of sales" and operating costs 2. Explain why it is important for a business to prepare a Profit and loss account: Business keeps various types of financial record to monitor its performance and ensure that taxes are paid. These include profit and
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Unit 2 P4 Describe sources of internal and external finance for a selected business Leasing There are many ways in which Coombe Dean School uses different types of external and internal types of finance. The school aims to save money in any way they can one way of doing this is through leasing. This is where the school hires or rents a piece of equipment instead of paying the full price to buy it. They pay a regular amount for a period of time until they no longer need the equipment or they
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M2 Regulations and laws for small businesses including ownership It is very time consuming to register my business and to research all the laws and regulations I would have to follow when in business and to also understand that there would be serious consequences if I failed to keep the legislation. The outgoings of tax and national insurance‚ if I did not declare my business in the three months expected of starting up‚ to the HMRC and did not complete a tax return form‚ then this would be
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£100‚000 from 2006 to 2007; this could have been for a number of reasons such as more advertising. The “less cost of sales” section in the income statement is the section where all the costs of making a sale are listed‚ for example raw materials. A business would aim for their cost of sales to be lower than sales so that they can actually make a profit. In terms of Wansbeck LTD it shows that the cost of sales had increased by £150‚000 from 2006 to 2007; this is a huge increase‚ it also shows that the
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P5 - Describe the influence of two contrasting economic environments on business activities within a selected organisation We are going to investigate the way in which the economic climate has affected Sub Xpress (based in the UK) and BMW (based in Germany). Introduce the two businesses. Inflation Define inflation You need to describe the current inflation rate in the UK. Include a graph. Explain what this means to Sub Xpress Think costs to the business Think prices to the customers
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M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity Environment- the environment can affect the human activity. So for example; global warming which is the warming of the planet’s surface that is caused by carbon dioxide. In order to run a business efficiently they would need to make sure that their customers are aware of all the environmentally friendly activities that they do and that they are not harming the environment
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Unit 2 DB The Equal Employment Opportunity Commission or EEOC enforces federal laws in regards to discrimination against employees and job applicants alike for businesses of 20 or more employees. Employers are not allowed to discriminate based on race‚ color‚ sex‚ religion‚ disabilities‚ age or genetic information (Editorial Board‚ 2011). They also investigate complaints of sexual harassment. The EEOC was established through the Civil Rights Act of 1964. There are many laws that have to followed
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Ethical principles There are four key principles in health and social settings‚ where the individual is at the heart of the health and social care provision. The four key principles are: Justice: people must be treated fairly no matter what their background. Autonomy: a person’s choices must be respected. Beneficence: this involves risks and costs; the health or care professional should act in a way that benefits the patient. Non-maleficence: any harm caused by a treatment or
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