SECTORS OF ECONOMY The three-sector theory is an economictheory which divides economies into three sectors of activity: extraction of raw materials (primary)‚ manufacturing (secondary)‚ and services (tertiary). It was developed by Colin Clark and Jean Fourastié. According to the theory‚ the main focus of aneconomy’s activity shifts from the primary‚ through the secondary and finally to the tertiary sector. Fourastié saw the process as essentially positive‚ and in The Great Hope of the Twentieth
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they do in the form of schools‚ nurserys etc. Voluntary sector organizations also provide these services but they are not required to‚ they choose to do so. The statutory sector involves all the organisations that are set up‚ controlled and funded by the government‚ for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people
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Define the word “leadership”. How would you characterize yourself as a leader? John Maxwell once said‚ “a leader is one who knows the way‚ goes the way‚ and shows the way.” Leadership is the responsibility to be able to guide and inform those around you. It can developed from influence‚ but has to be earned. As Maxwell suggests‚ becoming a leader does not need a specific title‚ leaders lead by example. One may become a leader in their community‚ their school‚ and even their family‚ all without
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LENDING TO PRIORITY SECTOR At a meeting of the National Credit Council held in July 1968‚ it was emphasised that commercial banks should increase their involvement in the financing of priority sectors‚ viz.‚ agriculture and small scale industries. The description of the priority sectors was later formalised in 1972 on the basis of the report submitted by the Informal Study Group on Statistics relating to advances to the Priority Sectors constituted by the Reserve Bank in May 1971. On the basis
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Among the many administrative responsibilities that a medical assistant has‚ patient confidentiality is one of the most crucial aspects of working in a hospital or clinic. In the scenario presented for this assignment‚ an employee sees a fellow assistant looking at the medical record of a patient who has recently been on the news for accused child abuse. Upon inquiry‚ the assistant claims that they must have opened the wrong file – their hesitant reaction to being questioned is an indication of disingenuous
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Client Confidentiality and Ethics In the Work Place Carolyn Bennett HHS 435 Cont Issues‚ Trends‚ Health Law Ethics in H & HS Katrina Taylor-Springs 08/18/2014 In the paper below I am going to discuss the subject of Client Confidentiality and Ethics. As a Human Resource Professional you should be able to practice all confidentially and ethics in all places. As a manager a person should be able to control the confidentiality and ethics in the company that they work for. Without
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transparency are in fact attempts to cull sensitive information that‚ if released‚ could damage business. Transparency and Confidentiality must be balanced during communication. "Transparency means helping people to see into systems and understand why decisions are taken" (Osborne‚ 2004‚ p. 292). In other words‚ transparency refers to a quality of openness and candor. The confidentiality is defined as "an action in equity to restrain a person who has received valuable or sensitive information in confidence
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Moral compass is a feeling which serves or guides a person’s knowledge of right and wrong‚ sense or intuition of correct virtues‚ morals‚ and ethics. It assists in making complex ethical choices and promotes consistency in these choices (The center for defined ethics: The case for a defined moral compass‚ n.d.). An organization has to ensure they have established a moral compass for everyone to abide by. It acts as a moral framework. We can do this by using 1700’s German philosopher Immanuel
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Describe and Discuss the significance of Self-concept and Self-esteem. Explain why Self-Esteem and Self-Concept is so important for people working within the hospitality industry. If you work in hospitality industry‚ you have to interact with customers therefore you need to have the high communication skill to give customers all good service. In fact‚ the high communication abilities are demanded in the nature of hospitality industry (Camillo & Pietro 2012). One of the keys to have good communication
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Learning Log: 1st reading log/week 2 Lecture 1 Required Reading Reference: Velasquez‚ M. (2012). Business ethics: concepts and cases‚ (7th ed.) (pp. 76-83). Upper Saddle River‚ N.J.: Pearson. (Utilitarianism). Lecture 1 Additional Reading Reference: Taylor‚ A. (2008). Examined Life: Peter Singer on our obligation to alleviate suffering [video file]. Retrieved from: http://www.youtube.com/watch?v=gVViICWs4dM Record a brief description of what the required reading was about. What responses do you
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