DISCUSSION Essay Example | Topics and Well Written Essays - 500 words - 1

DISCUSSION - Essay Example (APA website, 2010) Principle B of the same code encourages the building of relationships of trust. Further, it is stressed as important that a portion of the psychologist’s â€Å"professional time† should be contributed for â€Å"little or no compensation or personal advantage.† (ibid. Principle B) It is true that the psychologist clarify professional roles and obligations, though. (ibid. Principle B) This may be interpreted as suggesting that the driving of someone 100 miles to a canyon is not part of the professional obligations of the psychologist. While this may be true, a caring psychologist may argue that in considering the best interests and preferences of a client (see: ibid. Standard 3.10), this trip to the Grand Canyon would be completely justified. In addition, if the professional opinion of the psychologist is that the trip is of benefit to the wellbeing of the client, he/she is entitled to make that call. (see: ibid. Introduction and Applicability) From a personal perspective, the need to arrange and make the trip is evident – the lines between client and psychologist would not significantly be overstepped; only a superficial dependency would result; and the compassionate, caring psychologist would help the dying client to complete this one achievable wish. Sometimes it is possible to â€Å"just know† (writer’s quotation marks) something – your every instinct tells you that what you perceive is true and you want, more than anything, to act on your feelings. The question of honesty and integrity in the professional lives of psychologist is referred to no fewer than 17 times in the Ethical Principles of Psychologists and Code of Conduct and its general principles and standards. (APA website, 2010) Of particular note in a reaction to the scenario here – where one would be tempted to â€Å"adjust results† (writer’s quotation marks) a little to ensure continued funding of

Identification of the sources of finance available to a medium size Assignment

Identification of the sources of finance available to a medium size business, - Assignment Example The legal implication comes in handy in that if the business does not go into overdraft, then the bank cannot charge interest. Overdrafts are repayable on demand, this could have a negative effect to the business in case of bankruptcy or where the business has no liquid cash to repay, posing a financial risk as well. A commitment fee is usually charged by the bank where a business wishes to increase its overdraft facility. No tax is charged. We can compare the opportunity cost of opting for overdrafts as compared to short term loans, with short term loans, the business does not have to worry about the bank withdrawing an overdraft before it is in a position to repay because there is an element of security which is not available with normal overdrafts. Trade credit is an interest free short term loan. If a business has a good relationship with its suppliers, this could be a viable choice of finance. Raw materials may be purchased on credit with payment terms varying from between 30 to 90 days. In a period where the general price of goods and services is escalating, purchasing through credit keeps costs down. How a business operates its credit facility has a significant influence on credit scoring affecting its future accessibility to credit. Also, a company’s credit rating could be worsened if the business delays in payments therefore making it difficult to obtain additional trade credits bringing in a tangible financial risk. Trade credits are not subjected to tax. If a business wishes to borrow from a bank for only a short period of time to purchase items such as fixed assets, then that would be termed as taking a short term loan. The amount is given in full at the beginning of the period and is paid in instalments. Term loans have legal implications that can be sited by the fact that the loans carry a facility letter setting out the terms of the