Smoking The Leading Cause of Death and Solutions to Help

Smoking is one of the highly health threatening bad habits in our economy today. Smoke causes lung cancer and other life threatening situations. Quitting smoking reduces the risk of bad lungs and cancers for your loved ones around you. My Grandpa smokes more than often and has had several heart attacks and is still with me today, I hope to have him for another 17 years and more. Smoking harms nearly every organ of the body and diminishes a person’s overall health. Millions of Americans have health problems caused by smoking. Smoking is a leading cause of cancer and death from cancer. It causes cancers of the lung, esophagus, larynx, mouth, throat, kidney, bladder, pancreas, stomach, and cervix, as well as acute myeloid leukemia.†¦show more content†¦These youngsters feel great while smoking but they don’t know that their tender lungs are getting destroyed every moment they take the smoke inside their lungs. The nicotine present in tobacco and cigarette is the main culprit that comes in contact with gastric juice inside the stomach and that further enters the blood stream and remains there for many years even after quitting smoking. People who try to quit smoking all of a sudden can suffer from side effects and face problems like dizziness, forgetting things, shaking of hands, and headaches. Cigarettes contain over 500 harmful chemicals that are dangerous and can cause harmful serious damage to our body. The smoke that enters the lungs gets accumulated at the inner wall of the lungs and gets blacken. This black product is called tar whose thickness increases every time a person inhales the smoke. After accumulation of some tar inside the lungs, a person will feel breathing problem and than all sort of diseases will creep into a person’s body. However there are some good anti smoking products available on market and are very effective. Among them Generic Zyban is one of them. Generic Zyban is a product that really works well on smoking. It is manufactured by Sun Pharmaceuticals and it strength is usually of â€Å"150mg†. It is an oral medication that can be easily taken with water. The daily dose of Zyban can be useful and should be taken under strictShow MoreRelatedShould Cigarette Smoking Be Harmful?943 Words   |  4 PagesSmoking is growing popular for both the old and the young; it’s a habit which is very unhealthy that increases person chances of lung damage. The smoke from the cigarette enhances the possibility of damaging everybody lungs around you that is called second hand smoke, which kill more people a year than the actual cigarette smoking. While cigarette smoking is harmful to your health, the E-cigarettes have little to no harm on the changes of developing lung cancer or other health issues. Smoking cigarettesRead MoreEffects Of Cigarette Smoking On The United States961 Words   |  4 Pagesâ€Å"Cigarette smoking causes lung cancer, heart disease, and emphysema and may complicate pregnancy.† Almost all teen smokers say they regret beginning to smoke. Most smokers attribute the habit of smoking to the glamorization of smoking in the media, peer pressure, self-image, and easy access to tobacco; from stealing cigarettes from parents or having someone who is 18 buy the cigarettes for them. Teen smoking is on the rise and it is a problem. Cigarette smoke is the leading cause of preventable death inRead MoreThe Ripple Effect of Smoking1133 Words   |  5 PagesThe Ripple Effect of Smoking It has become common knowledge that smoking is bad for people’s health, nonetheless people continue to smoke. To be honest, that is fine. If people want to endanger themselves by smoking then I wish them a swift and peaceful end (though most smokers die a slow and agonizing death). What is not acceptable is the effect that smoke has on non-smokers who have almost no way of getting away from smoke unless they want to stay in their house. Smokers affect everyoneRead MoreCauses Of Smoking Essay1288 Words   |  6 PagesRisk: Smoking A major public health issue among young adults is cigarette smoking. Many people know the relationship between lung cancer and smoking, but there are countless other health risks linked to smoking. Smoking can increase your risk for cancer of the bladder, throat and mouth, kidneys, cervix and pancreas. Smoking not only affects the smoker but the people around them. About 54% of American children are exposed to secondhand smoke (â€Å"Smoking: Do you really know the risks?â€Å"). NonsmokersRead MoreShould Smoking Be Banned or Taxed?843 Words   |  4 PagesSmoking has always been associated with being cool. Years ago, there were commercials advertising cigarettes, always with famous people or people that the average person would want to be or look up to. But what is really â€Å"cool† about smoking? Is it the way you appear while smoking, the way the smoke dances in the wind at night, or how about the coughing fits, yellow teeth, thousands of dollars spent on cigarettes eac h year and long term effects? As normal people, we all want to fit in and be coolRead MoreThe Effects Of Cigarette Smoking On Health884 Words   |  4 PagesCigarette smoking remains the chief cause of none communicable disease and death in the United States. Each year, cigarette smoking is responsible for an estimated 480 million deaths and more than 8 million smoking-related illnesses (CDC, 2014). It is accountable for total costs nearing 170 billion dollars in direct medical expense and work lost productivity (2014). Although it is true that smoking adversely affects health, there are more than 4 million adults reported as active smokers. In manyRead MorePersuasive Speech Outline1028 Words   |  5 PagesTOPIC: WHY YOU SHOULD GIVE UP SMOKING PROPOSITION: Give up smoking and you will save yourself and the others around you and live in a healthy environment. SPECIFIC OBJECTIVES/PURPOSES: I want to persuade my audience on how harmful smoking does to the body and giving up the habit is the right way to do because it will literally save their lives and the people around them and the environment as well. SPEECH PLAN ATTENTION STEP: Opening statement: Smoking†¦ What’s in it for you? We allRead MoreShould Smoking Be Banned?1457 Words   |  6 Pagesis that more and more people smoke now than they have in the past. Smoking causes damage not only in the lungs, but also in the body, lips, or inside the mouth. Even though smoking does harm your body there are some good things that come from smoking. Like it can lower the risk of obesity, and knee replacement surgery. There are different types of lung cancer one for smoking and the other, nonsmoking. Although people are smoking, not only are adults getting lung cancer, but kids and teens are gettingRead More The Deadly Social Cloud1384 Words   |  6 Pagesin today’s society and have come up with a solution that can stop this crime throughout the United States. This social crime is that of smokers in every city of every state in the United States. Not only is the act of smoking disgusting, but also kills the person that is smoking and kills the people around that smoker. Smoking in social areas can cause everyone ill health like asthma, emphysema, lung cancer, and ultimately will cause a premature death to people who are exposed to them on an everydayRead MoreTobacco: Can The Problem Be Solved?1122 Words   |  5 Pagespeople on the tragic effects of smoking. It seems that one cannot go a day without hearing about how cigarettes are harmful. Some people are even victims of secondhand smoke on a daily basis. To some, the constant reminder that cigarettes are bad is a nuisance. To others, it can be a helpful way to prevent them from smoking. However, commercials and warning labels are not enough to protect people from the danger. The United States government should establish an indoor smoking ban on all tobacco products

Essay on Internal and External Equity Compensation

Internal and External Equity Comparison HRM/324 02/11/2013 Internal and External Equity Comparison Compensation packages are one of the most valuable pieces of the puzzle when an organization creates a program designed to attract and retain suitable employees. A well designed compensation package can ensure that employees are not only attracted to beginning work at an organization, but are also willing to stay within a corporation over time. A higher retention rate for employees can increase productivity and reduce costs for an organization over time. Two of the factors that affect a company’s compensation plan are internal and external equity. In this paper, internal and external equity is explored, including the advantages†¦show more content†¦The advantages of internal equity can be seen in Intel. When employees are aware of what their fellow employees are paid at their particular â€Å"level† within the company, a check and balance system based on internal equity can help to keep internal dissatisfaction in check, especially between high ranking exe cutives’. However, this does have some disadvantages, as it can risk losing employees to competition, and may thus be harmful in the future. (Armstrong, 2007). Another disadvantage is that it may discourage employee motivation, who knows that they will be paid according to the internal equity policy, rather than merit or individual performance (Mathis amp; Jackson, 2008). While here are potential risks, overall the plan has been beneficial to Intel, which remains lucrative in the competitive technology industry. External equity is found in organizations in which an employee in an organization’s pay is equal to prevailing rates in that organizations industry or sector. (Lederer amp; Weinberg, 1995). Both PepsiCo and Coca Cola utilize external equity compensation analysis. The process of developing a pay scale based on external equity requires a detailed and updated study on market wages and compensation. In addition to wages, other aspects to compensation, such as employee stock options must also be considered. (Singer amp; Francisco, 2009). This has given both companies the advantage of being able to retain highly qualified employees over time, as a payShow MoreRelatedExternal And Of An Effective Compensation Program1408 Words   |  6 PagesExternal and Internal Equities in an Effective Compensation Program Wanda I. Ramos Trident University MGT 511: Title of Course Professor’s Name November 2, 2014 Abstract Pay structures, regardless of the size of the organization, must have two things going for them, which are external and internal equities. In order to give employees purpose to continue to give their loyalty and retention, there must be incentives as paying for education, experience and training, job tenure, demonstratedRead MoreCompensation1425 Words   |  6 PagesTHE COURSE INTERNAL EQUITY (ALIGNMENT) AND EXTERNAL EQUITY (COMPETITIVENESS) After reviewing the Wilson Brothers Case Scenario, as Director of Human Resources for the organization, what conclusions can you draw with respect to the status of the company’s compensation strategies that are currently in place? What would you do to begin to address this situation? (3 Marks) Provide Constructive Feedback to at least two other student’s postings. (2 Marks) HINT:-reference both internal equity (alignment)Read Moreassignment--1 Essay1644 Words   |  7 Pages1. How do differing perspectives (society, managers and employees) affect the views of compensation? Answer: There are basically four perspectives in views of compensation. These are as follows: Society’s View: †¢ Pay works as a measure of justice. †¢ Benefits acts as a reflection of justice is society. †¢ Gain or loss jobs attributed to differences in compensation. †¢ Pay increase lead to price increase. Stockholder’s view: †¢ Giving stock as a means of pay to employees creates sense of ownershipRead MoreDoc, Docx, Pdf, Wps, Rtf, Odt758 Words   |  4 PagesCompensation Strategy Challenges | * Human resource want to increase the performance, to retain key employees, bring new skilled talents to the company and they want to keep costs under a strict control. * Finding, motivating, developing and keeping employees is a key component of business success * The compensation components cannot be managed discretely, they have to be a part of the overall strategy - the company has to define the competitive compensation strategy.Compensation StrategyRead MoreRidoran Manufactoring1389 Words   |  6 PagesRiordan Manufacturing Compensation Plan Team B- Diana Barris, Nicole Bell, Jacqueline Chaney, Shawnda Davis, Hadeel Raouf, Kelly Tyler HRM/324 Annette Clark-Davis February 11, 2013 Riordan Manufacturing Compensation Plan Riordan Manufacturing is a worldwide plastics manufacturer that is headquartered in San Jose, California. Their organization has over 500 employees and prides themselves on providing their customers with high quality merchandise to satisfy their plastics needs. TheyRead MoreExecutive Compensation: the Ethical and Impact Challenge1629 Words   |  7 PagesExecutive Compensation: The Ethical and Impact Challenge                              Executive Compensation: The Ethical and Impact Challenge Executive compensation is defined as the reward given to corporate executive employees for their job performance. Corporate executive employees are the higher echelon company employees and may include the chief financial officersRead MoreBenefits And Benefits Of Employees Essay1345 Words   |  6 Pagesworkforce changes, so must compensation and benefits. Pay will need to be meaningful in other words, worthwhile for employees who don’t work the standard 40-hour Monday through Friday workweek, while taking into account an altered workload due to different numbers of hours put into work (Weathington Weathington, 2016).† The idea of satisfying employees in organizations through compensation package is common however lots of companies don’t see it as being beneficial. Compensation has developed to a moreRead MoreHuman Resource Structure807 Words   |  3 PagesHuman Resource structure is administrative and common to all organizations, especially to the big co mpany like Tianyang Food, a food production company in China. HR department act as the support for the organization in the likes of law, compensation, benefit, safety and health of the employees and the organization. However, the improper management from the HR structure can put the organization in a very difficult situation. Based on the case study, an employee named Lu Yueting had poisoned theRead MoreResearch Design And Sample Selection1572 Words   |  7 Pageson CSR, firm performance and executive compensation. Firstly, we hand-collect the information of CEO compensation clause in the section â€Å"Compensation, Discussion and Analysis† in the SEC proxy statements. This provides us detailed information on how CEO compensation contracts are constructed and what kind of performance measures are included for CEO incentives. Therefore, firm with CSR-linked measures and firm without CSR-linked measures in CEO compensation are selected out. Secondly, for CSR performanceRead MorePay Equity: Internal and External Considerations3553 Words   |  15 PagesWhen setting pay rates, compensation managers must take into consideration the employees perception of fair, equitable compensation. Pay Equity: Internal and External Considerations KENT ROMANOFF Associate Hay Group, Inc. KEN BOEHM Labor Economist Pacific Telesis EDWARD BENSON Vice-President, Hay Group, Inc. EqUity (or fairness), a central theme in compensation theory and practice, arises in many different contexts. Here, for example, are some major areas: †¢ The legal and economic

Essay about Troubles with Eminent Domain in Iceland

Iceland recognizes the issue of eminent domain, as they have had trouble with this in regards to geothermal deposits. However, they agree with the ECHR regarding rights to fair compensation. Governments should only take property if it will benefit the public as a whole. In any case of mandatory purchase, the purchased property should be used for the public good. The government must have proof of a plan to use the property to improve the lives of the public before the property can be purchased. Property must also be purchased in accordance with law, which will vary from country to country. Compensation must be provided to the person whose property is being bought. Each country should work to set a standard for what is a fair market price,†¦show more content†¦There is also something to be said for the boost economies gain once there citizens are able to have families they have planned, and can adequately provide for. This being said, Iceland believes all countries in United Nations should provide their citizens with contraceptives and information regarding their use. This may be done through requiring coverage in health insurance plans, reducing the price of contraceptives, and/or dropping any bans they may have on contraceptives. In addition, a wide variety of contraceptives should be available-both which are for male and/or female use. It is recommended birth control pills, and female and male condoms. This provides citizens with a wide range of options, and the ability to choose what works for them. Religion or cultural belief should not interfere with acce ss to reproductive health services. These services not only prevent pregnancies, but also prevent the spread of disease and reduce risks of cancer. Citizens should have proper education regarding the use, benefits and downfalls of these services. Iceland recommends this begin in primary school. This will give citizens the right to choose what works for them, if they choose to use any at all. Religious and personal ideals are to be respected, and no one should be forced into the use of contraceptives. However, no one should be denied them either.

Sophocles Oedipus Play ( B ) - 1962 Words

Oedipus play (c. 430 B.C.) by Sophocles pictures an Ancient Greek tragedy in which the main character usually dies and there is intervention towards the main character s destiny; or the main character is presented as a good person in the play, but oracles caused them to do bad things. A classic Greek play such as Oedipus can be perceived not only as an art in literary work but also as an analysis of Foucault s theory of power and power relations between the king and the seer of the kingdom. Phillip and Huntley (1995) elaborates that character is a person, animal, initiate object on group representing a unique approach to dealing with the story’s problem. Meanwhile, Klarer (1999) declared that character is the most important part such as a figure and a personality who plays role in a literary work particularly novel, short story and play. In Sophocles Oedipus Rex, there are Oedipus, Creon, Teiresias, Iocaste, Priest, Messenger, Shepherd of Laios, Second Messenger, and Chorus of Theban Elders as the characters. The character that plays the most important part in the story is called main character while the other characters that interact and communicate with the main character are called minor characters. Thus, this essay will employ only two characters which are the king or so-called Oedipus as the main character and the seer who is named Teiresias as the minor character. Those characters through the process of development are presented by the author which is calledShow MoreRelatedOpedipus, a tragic hero Essay example1708 Words   |  7 PagesOutline Thesis Statement: Oedipus is the embodiment of Aristotle’s characterization of a tragic hero through his ability to preserve his virtue and wisdom, despite his flaws and predicament. Introduction I. Sophocles’ Oedipus: A Tragic Hero A. Definition of a tragic hero B. Oedipus Character as it relates II. Tragedy A. Language of Tragedy B. Tragedy as it affects the audience III. Plot A. Aristotle’s idea of a tragic plot B. Significance of the plot IV. Virtue and Morality Read MoreOedipus Rex, Sophocles1252 Words   |  6 PagesOedipus the ideal Tragic Hero Kelli Richards Liberty University Abstract In the play Oedipus Rex, Sophocles portrays Oedipus who is also the main character, as a good- natured, beautiful, noble yet narcissistic person who has a lapse of judgment and fall from power. Throughout the play Oedipus makes a few profound decisions for which he is condemned to plentiful suffering;Read MoreOedipus Tyrannus, A Tragic Hero. Summary: . Context. Oedipus1391 Words   |  6 PagesOedipus Tyrannus, a Tragic Hero Summary: Context Oedipus Tyrannus is a Greek tragedy that was first performed as a play in 429 BCE. The setting of the play is in Thebes, one of Greece’s city states that is suffering from a tragic plague. King Oedipus’s brother in-law; Creon, reports back from the oracle of Apollo that the plague would only be lifted if the murderer of his predecessor; King Laius, is found and brought to justice. Before the whole city of Thebes, Oedipus vows to apprehend and punishRead More Film Adaptation of Sophocles’ Oedipus Rex Essay971 Words   |  4 Pages â€Å"You are your own enemy† (Guthrie, Oedipus Rex, 22:43). In the film adaptation of Sophocles’ â€Å"Oedipus Rex† (1957), Sir Tyrone Guthrie portrays the characters as truth seekers that are ignorant when trying to find King Laius’ murderer. On the other hand, Sigmund Freud’s hypothesis of Sophocles’ work introduces us to â€Å"The Oedipus Complex† (1899) which states that as weâ€℠¢re young we grow infatuated with our opposite sex parent and feel resentment towards our same-sex parent. These two pieces have adaptedRead MoreAn Analysis Of The Oedipus And Plato 1636 Words   |  7 PagesKAUFMANN’S OEDIPUS AND PLATO’S SOCRATES In Chapter Four of his book, Tragedy and Philosophy, Walter Kaufmann claims that Sophocles’ play Oedipus Rex is one of the greatest tragedies ever written in part because it presents so vividly five characteristics of human life which make our existence so tragic. The purpose of this paper will be, first, to present Kaufmann’s view and, second, to apply these same characteristics to Plato’s dialogues in general and to the characters in Plato’s dialogues,Read More Use of Character Flaws and Literary Devices to Teach Morals in Oedipus Rex1290 Words   |  6 PagesDevices to Teach Morals in Oedipus Rex      Ã‚  Ã‚   The Greek tragedy Oedipus Rex is an excellent example of how an author can use literary techniques and personality traits to teach a certain moral or theme.   In Oedipus Rex, Sophocles communicates his themes and morals to the reader through the character flaws of Oedipus, a tragic hero.   The most prominent character flaw that Oedipus possesses is his excessive arrogance. One way this flaw is displayed is Oedipus repeated use of the pronounRead MoreComparing Oedipus Rex And Death Of A Salesman By Arthur Miller1255 Words   |  6 Pagesa manner in which we still use it today in Modern times. b. Today I will be comparing the two works such as Oedipus Rex, which is a playwright written by the great Sophocles and another playwright named Death Of A Salesman written by Arthur Miller. c. Through out the years, there has been a lot of controversy on whether or not Death Of A Salesman is considered to be a tragedy, unlike Oedipus Rex which clearly is. d. I feel these two plays can compare in a multitude of ways despite being written inRead MoreEssay Oedipus as Scapegoat in Oedipus the King1492 Words   |  6 PagesOedipus as Scapegoat in Oedipus the King        Ã‚  Ã‚   The great psychologist-philosopher Carl Jung was briefly a student of Freud. Because Jung felt that Freuds approach to psychoanalysis was by far too narrow, he broke off from his teachings, and made significant contributions to mythological criticism. Jungs greatest contribution was his theory of archetypes. His proposal of archetypes argues that there is one original pattern or model of all things of the same type. According to Jung, beneathRead More Tragedy in Oedipus Rex, Hamlet, and the Book of Job Essay examples998 Words   |  4 PagesTragedy in Oedipus Rex, Hamlet, and the Book of Job In works of literature involving a tragedy, the question of the cause of the tragedy is often raised. The play Oedipus Rex by Sophocles, the play Hamlet by William Shakespeare, and the book of Job from the Bible all involve a tragedy resulting from different things. In Oedipus Rex the tragedy is a result of Oedipuss fate. In Hamlet the tragedy is caused by human folly. The divine intervention of God is what causes the tragedy in Job.Read More Blindness and Sight - Sight Versus Insight in Oedipus the King (Oedipus Rex)1357 Words   |  6 PagesSight Versus Insight in Oedipus the King      Ã‚  Ã‚   Anyone who has common sense will remember that the bewilderments of the eye are of two kinds, and arise from two causes, either from coming out of the light or from going into the light,which is true of the minds eye, quite as much as the bodily eye; and he who remembers this when he sees anyone whose vision is perplexed and weak, will not be too ready to laugh; he will ask whether that soul of man has come out of the brighter life, and is unable

Advantages and Disadvantages of Free Market Economy Free Essays

THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1. Efficiency. free market economies are very competitive. We will write a custom essay sample on Advantages and Disadvantages of Free Market Economy or any similar topic only for you Order Now Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur. As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to make the correct decisions across the whole economy. 2. Choice. In free market consumer sovereighnty prevails. Firms will produce whatever consumers are prepared to buy not what they think they think they would like to buy. As consumer needs are going to be met with appropriate product than firms will make higherr profit and will last much longer in the market . Due to the free enterprise factor, there are no restrictions on what the firms can produce as a result there will be a much larger choice of goods and services in a free market economy compared with a command economy. The planner will be more concerned in making sure there are enough essential goods to produce the product they want to produce. As firms in free market will be producing different good and services so consumers will have variety of good and sevices to choose from. 3. Innovation. Firms will always be looking to produce something new to get ahead of their competitors. , even though the government’s role is limited, one of its jobs is to protect property rights. This will include intellectual property rights through patents. Hence, there are incentives in the free market system for firms to be innovative and produce better quality products. DISADVANTAGES OF FREE MARKET ECONOMY ( ADVANTAGES OF COMMAND ECONOMY Public, merit and demerit goods. Public goods cannot be provided privately because of their two characteristics, non-diminishability and non-excludability. These goods have to be provided publicly. Even in a very free market, one of the government’s few roles will be to provide defence, for example. But there may be a problem with merit goods and demerit goods. Merit goods, like health and education, tend to be under provided in a free market. Certainly in the USA the public health system is a ‘last resort’ system. People are advised to buy health insurance. Of course, the poor might not be able to afford this, and some people might simply decide not to bother if they feel particularly healthy. Demerit goods are bad for you. Government should ban class A drugs, and tax cigarettes and alcohol heavily. A government with a limited role might not take enough action in this area, causing health problems for the economy. Of course, the advantage of a command economy is that the strong government will make sure that public and merit goods are consumed at the right levels and that demerit goods are banned or taxed heavily. The environment. Free market economies are likely to produce more pollution, which is bad for the environment. Command economies can make sure that the production processes that they chose are as environmentally friendly as possible. They should be able to make sure that the level of output is the socially optimal level of output. Governments can try to force firms into producing the socially optimal level of output through the use of taxes, but governments with a limited role will not be keen to use taxes. Although the tax on petrol is high in the UK, it still doesn’t cover the problems caused by the exhaust emissions (in health as well as the environment). Petrol prices have risen, but in real terms, the rise has not been as high as for bus and rail fares. In the USA, petrol is ridiculously cheap. The minimal tax on the good does not begin to cover the environmental damage. Having said all that, the command economies of the 80s had notoriously poor records on the environment. In theory, they should have been able to monitor pollution levels closely, given that they had control of production but this simply did not hapeen. How to cite Advantages and Disadvantages of Free Market Economy, Essay examples

GST and Insurance Taxation and Development

Question: Discuss about the GST and Insurance for Taxation and Development. Answer: Introduction: Australian taxation law principles gives a broader picture and understanding of Australian taxation system from a legal perspective. Such rules and principles make the analysis of fundamental elements of direct and indirect tax regimes of Australia. Australian taxation is regarded as incredibly complex and identified rules and principles brings much clarity to this area of law. Taxation law determines the appropriate basis of accounting and involves a substantial body of rules and principles as to amount of ordinary usage derived on each basis. There are some basic accounting principles and the board has approved a course in Australian taxation law for registering a tax agent (Morgan et al., 2016). It is essential to have completed two tertiary level unit.at the introductory level, only one level can be introduced. A new applicant is required to have completed course in Australian taxation law and have completed a course involving tax agent services act components. This also include the course of code of professional conduct (Dabner, 2015). It is necessary for the individual to complete a separate unit covering this component, if the course does not include a component in the above-mentioned act. When consulting with clients or any new member, it is necessary to determine whether the acceptance would create any threats to compliance regarding fundamental principles. When preparing tax documentation for individual, it is essential to gather client data and determining documentation preparation requirement. It is essential to have advice of qualified professionals so that they would assist in meeting regulatory requirements and reducing ongoing risks. Tax obligations of clients should be calculated in accordance with legislative and organizational requirements. Guidance and advice of from specialist is required for evaluating and moderating processes of decisions (Brown, 2017). Documentation needs to be discussed and confirmed for obtaining authorization, signature, and endorsement in order to ensure that all legislative requirements are met. In Australia, administration of taxation is governed by Australian taxation office, which is their primary source of revenue. There are various forms of taxation levied on individuals in Australia. This involves superannuation tax, corporate tax, tax on inheritance, goods and services tax, property tax, payroll tax, excise tax and income tax (Dabner, 2015). Corporate tax- Under this tax, corporates are required to pay taxes on profits earned by them. Federal government in Australia impose corporate tax at the flat rate of 30%. Corporate tax is paid prior to the distribution of profits to shareholders. Superannuation tax- Under this, taxes are charged at three points and the government levies a flat rate of 15% on superannuation funds. Employer contributes to superannuation funds and in Australia; it is regarded as pension program. Income tax- Different activities of government are funded by income tax and they are the main source of revenue generation. Income tax is levied on those individuals who falls under taxable group of people. Some of the different categories of income tax levied on individual residing in states include family tax benefit, low income tax offset and capital gain tax (Miller Oats, 2016). Excise tax- This tax is imposed by federal government on elastic goods such as alcohol, cigarette and petrol. Goods and services tax- This tax is mainly levied on individuals registered under Good and Services tax. Australian government imposes a 10% tax on supply of gods as well as services (Ato.gov.au 2017). However, there are certain transactions on which sales tax are not imposed. Some of the supplies that are exempted from paying taxes include medical services, export products, education services and food products. Property tax- State government activities is funded by some of the property taxes and this include industrial houses, residential complex and commercial complexes. Some of example includes stamp duty imposed by state on transferring of land and taxes levied on fire services. Tax on inheritance- There is no such tax called inheritance in Australia. Assets are subjected to capital gain tax in the event of acquiring assets. Business or entity needs to have procedures for capturing all the administration and obligations of tax. Risk concerning tax needs to be addressed by establishing an effective process for correcting oversights. Some of the key decision supporting tax treatment are documented at the time when they are made. Contemporaneous records of such decisions provide one of the crucial events of supporting tax treatment of major transactions (Krever Teoh, 2017). Tax records for individual documentation must be kept with written evidence from the date of lodging tax return and should be kept for five years. Records held by individual for simple tax affairs needs to be retained for two years. Some of the ethical issues that arise in tax case relates to filing year of current year return, conflict of interest between individual. It might happen that some of the report or deduction in the current year might make the individual suspicious about wrong reporting by taxpayers. Ethical issues concerning conflict interest would be solved by using engagement letter. Another ethical issue in documentation of individual taxation is bet the business issue that the chief executive officer and shareholders would like to discuss as quickly as possible (Dixon, 2016). When deriving the accessible income and the expenses relating to that are deductible to the extent they are incurred in producing or gaining assessable income. For taxable income calculations, expenses that are to be deducted involves royalties, management fees, interest confirming to commercial standards. Offsets might relates to tax losses. Such losses may be utilized and carried forward to offset future assessable income. Offsetting capital losses would generate assessable income including net capital gains. Income tax are the principal taxes levied in Australia and this include tax on capital gain. Taxable income of any form of operations is subject to income tax rate of company. The foreign income tax offset rules allows taxpayers to claim a tax offset. Under the alternative arrangement, the income for Australian tax purpose exceeds the income for Australian tax purpose under the actual agreement (de Cogan, 2015). Reference: Brown, K. B. (2017). Taxation and Development-A Comparative Study. Dabner, J. H. (2015). The Australian tax office/tax profession partnership: Lessons from a pilot interview program. de Cogan, D. (2015). A changing role for the administrative law of taxation.Social Legal Studies,24(2), 251-270. Dixon, B. (2016). Land transactions and the new Australian foreign investment regime.Australian Property Law Journal,25(1), 55-68. Krever, R., Teoh, J. (2017). GST and Insurance: Australia. InVAT and Financial Services(pp. 319-335). Springer Singapore. Miller, A., Oats, L. (2016).Principles of international taxation. Bloomsbury Publishing. Morgan, A., Mortimer, C., Pinto, D. (2016). A practical introduction to Australian taxation law 2016. Provision of general purpose financial statements by significant global entities. Ato.gov.au. (2017).Retrieved 19 March 2017, from https://www.ato.gov.au/general/consultation/what-we-are-consulting-about/papers-for-comment/provision-of-general-purpose-financial-statements-by-significant-global-entities/

Strategy and Business Model Innovation Process

Question: Discuss about the Strategy and Business Model Innovation Process. Answer: Introduction: The concept of strategy is quite old and originated from the conduct of the generals in wars in the olden days. Despite being so old in origin, the underling objectives and intention is often undefined and hence leads to confusion. The aim of strategy is primarily to answer the major business questions. Firstly, it is essential that the available resources and value proposition must be taken into consideration for defining competition sphere. Secondly, the unique value proposition intended to be delivered to the targeted customer needs to be identified. Thirdly, the various available resources and capabilities that would allow the value proposition to be delivered also need inclusion. Fourthly, strategy also would encompass the way forward in which competitive advantage could be sustained. Further, in wake of the decreasing product life cycles, it is required that innovation and adaptation must be incorporated as an incremental element in strategy (Kryscynski. 2015). The addition of this new element has also found support from renowned management guru Micheal Porter who is of the opinion that innovation and adapting to the rapidly changing business environment is essential for ensuring the sustainability of competitive advantage. It is noteworthy that timing is also a key element which contributed to the success of a carefully crafted sound strategy (Porter, 1996). An organisation which has encapsulated all the above mentioned principles into corporate strategy in a successful manner is Amazon. Amazon relies on offering the best deals and bargains and that too from the convenience of the customer (Baer, 2014). In order to innovate and provide a better consumer experience, the online platform is constantly updated with improvements being made to enhance the overall user friendliness. Besides, the company also ensures that the products available are of certified quality on a sustained basis. To complement the whole buying experience lies an efficient backend logistics system to enable time bound delivery to customers in a hassle free manner. As a result, the young generations are particularly attracted towards Amazon as it offers value to them by offering quality goods at competitive prices that too at their convenient time and location. Also, the fact that the company made early inroads in the process and has been financially successful implies that it can ward off any competition by leveraging the deep financial pockets. Considering the shortened product cycles, the company also frequently entertains new product launches and exclusive tie-ups with vendors so as to ensure a wide product range. Also, the company keeps on taking rich initiatives to continually expand the market of online shoppers (Higginbotham, 2015). References Baer, D. (2014). 5 Brilliant Strategies Jeff Bezos Used To Build The Amazon Empire, Business Insider, [Online] Available at https://www.businessinsider.in/5-Brilliant-Strategies-Jeff-Bezos-Used-To-Build-The-Amazon-Empire/articleshow/32214097.cms (Accessed December 16, 2016) Higginbotham, S. (2015), Amazons Internet-of-things strategy takes shape, Fortune Website, [Online] Available at https://fortune.com/2015/03/31/amazons-internet-of-things-strategy-takes-shape/ (Accessed December 16, 2016) Kryscynski. D (2015), What is Strategy?, YouTube, [Online] Available at https://www.youtube.com/watch?v=TD7WSLeQtVw (Accessed December 16, 2016) Porter, M. (1996), What is Strategy, Harvard Business Review, [Online] Available at https://hbr.org/1996/11/what-is-strategy (Accessed December 16, 2016)