Analysis three macroeconomic factors in the UK and how do they affect Essay

Analysis three macroeconomic factors in the UK and how do they affect the profitability of Sainsbury company - Essay Example It can be stated that the GDP growth will positively impact towards improving the profitability of Sainsbury’s. GDP also positively impacts upon public spending which is a crucial aspect for a retail organisation such as Sainsbury’s as it can enable them to garner more profit. Though, slower growth of GDP can create unemployment, which can in turn affect Sainsbury’s profitability as new recruitment can be stopped by the organisation along with investing in any new purchases until the economy gets better (Economy Watch, 2009). Interest Rate and Inflation Rate UK interest rate in March’ 2011 had been registered at 0.5% which is a record low (BBC, 2011). In February 2011, inflation rate of UK rose to 4.4% (BBC, 2011). Interest rate has a major impact on time value of money. Changes in case of inflation rate generally result in alterations in the interest rate. These two factors are the key decision making factors for making any investment decision since these factors have a straight impact upon the ‘investment yield’. In case of the UK, the record low interest rate will support the investment on shares. Rising interest rates slows down the inflation.

Law and Ethics in Health and Social Care Essay Example | Topics and Well Written Essays - 5000 words

Law and Ethics in Health and Social Care - Essay Example For instance, in UK and Wales, it is essential to get consent from a patient who is an offender under NOMS 2007. (Eher et al 2011:33). Two fundamental theories on medical ethics have been specifically powerful in the British medical profession in the last 250 year, and they are viz. Utilitarianism or Consequentialism – This based on simple concept, and this concept demands for the outcomes of each action to be resolved and that with the predictable most favourable outcome is the best way to adhere. The most constructive outcome is one where there exist the least human pains and most contentment. Deontological or Duty-based ethics- This theory utters that medical professionals are duty-bound to some actions in their medical practice despite the outcomes. For instance, it is significant to be honest ever with their patients. However, in contrast, a utilitarian may say that it is wise to say lie to a terminally ill patient as regard to their diagnosis if the real fact is going to increase their pain and sufferings. In real scenarios, the above two theories exist simultaneously in the medical profession. For example, it is often significant that medical professionals inform the patient the real truth about a terminal diagnosis. In reality, the majority of medical professionals may like to avoid informing the truth to the patient directly. (Khan 2006:1). There exists in moral medical practice that shapes moral base of the physician –patient relationship. These notions are competence, valid consent, rationality, competence justified paternalism, shared decision-making and truth telling. The cornerstone of ethical medical practice is to obtain valid consent from a patient for any type of therapy or diagnosis types .By obtaining a valid consent from a patient for a medical treatment, the medical practitioner is thus respecting patient’s personal autonomy and self-determination. The moral rule that forbids one individual from denying another of free dom demands that medical practitioner should get valid consent from the patient. It is to be observed that for touching a patient’s body, a physician needs valid consent from the patient. Physicians acknowledge respect for autonomy by receiving valid consent before any treatment is started. The traditional and more widely used phrase â€Å"informed consent† is not adequate in ethical practice since it connotes mistakenly that by just offering information to the patient is enough to authenticate the consent process. (Bernat 2008: 24). Majority of the doctors, despite unconscious to moral theories, do acknowledge that there are some fundamental norms of medical ethics that are vital to their profession. The four norms which are advocated by James Childress and Tom Beauchamp in 1970s that are widely employed and acknowledged are: Autonomy – it connotes self-rule, and this rule compels medical practitioners to honour the decisions and wishes of the patient, even if they seem to be wrong. Under this, there are rules like â€Å"avoid conception†, â€Å"respect confidentiality â€Å"