Give an example of a competing priority when the good of society is favored over the good of an individual. Is there a case / example of an instance when the good of the individual is more important than the good of the public? Be specific.
In: Operations Management
How can ethical violations impact strategic leaders such as managers, CEO’s and other stakeholders
In: Operations Management
Each student will write a statement including
1)
Codified knowledge gained (PMBOK, approaches, terminology, etc.)
2)
Tacit knowledge gained (experiences, technology practice, networks, mentors, perspectives,
attitudes, etc.)
3)
Personal knowledge gained (how have you changed, what will you do / use in your personal life
and career
In: Operations Management
Should a business entity be liable for its criminal actions? Or should the business entity's management and employees be held solely liable for criminal actions that benefit the business? Or should both the business entity and its management & employees be held liable? Explain.
In: Operations Management
Explain why obtaining value from health IM/IT investments is so important in today's healthcare environment.
1-2 page essay please cite if needed for health informatics
In: Operations Management
Mr. and Mrs. Roberts checked into the Acme Hotel Downtown. Mr. Roberts gave his car keys to the hotel valet so that the valet could park the car and retrieve the car when it was needed. A sign adjacent to the valet stand advises that valet parking is $30 per night and that the hotel is not responsible for damage or loss vehicles. When Mr. Roberts requests the valet deliver his car the following day, the car is missing. Briefly discuss the legal relationship, if any, between the hotel and Mr. Roberts with respect to his vehicle.
What, if any, effect does the disclaimer on the garage sign?
In: Operations Management
Consider the following linear programming problem
| Maximize | $4X1 + $5X2 | |
| Subject To | 2X1 + 5X2 ≤ 40 hr |
Constraint A |
| 3X1 + 3X2 ≤ 30 hr |
Constraint B |
|
|
X1, X2 ≥ 0 |
Constraint C |
if A and B are the two binding constraints.
(Round to ONLY two digits after decimal points)
a) What is the range of optimality of the objective function?
.......... ≤ C1/C2 ≤ ............
b) Suppose that the unit revenues for X1 and X2 are changed to $100 and $18, respectively. Will the current optimum remain the same?
............... that because the new C1/C2 is ........... which is .............. the range of optimality
c) Suppose that the unit revenue of X1 is fixed $4. What is the associated range for the unit revenue for X2 that will keep the optimum unchanged?
.......... ≤ C2 ≤ ............
d) The Shadow Price for Constraint A is ..........
e) The Shadow Price for Constraint B is .........
f) If only the capacity of Constraint A is increased from the present 40 hours to 45 hours, The increase in revenue will be = $..........
g) A suggestion is made to increase the capacities of Constraint A and B by an hour at the additional cost of $1/hr. Is this advisable?
This is advisable for .............. and the total additional net revenue per hour would be $............
In: Operations Management
You are a manager and you want one of your employees to receive training. Anna is one your best workers and you believe one day she will have your job on her way to the c-suite. You know money is tight right now and if you don’t use your training budget (there is currently $2,000 left) by the end of the quarter the company will take it back. Also, you have heard rumors that the raise pool will be low this year. Currently, Anna’s annual salary is $41,600. With this in mind, you have two developmental options for Anna and the days conflict, so you can only send her to one of them. Which of the following options would you choose and why?
Option #1- A local professional organization is bringing in a national speaker you have always respected. The topic is how to become a more transformational leader. Currently, Anna does not supervise anyone but you think she will benefit from attending. You plan on attending yourself and have heard a couple of the company’s vice presidents will be in attendance. The cost is pretty minimal ($500), and Anna would only have to miss a half day of work (4 hours). This training could potentially increase Anna’s performance by $1,500 a year for the next 3 years.
Option #2-There is a two day (Thursday/Friday) conference in San Francisco. Your industry’s trade association is hosting the conference, and the topic sound like something Anna could use now. In addition, you know the meals and receptions are a good chance to meet people from other companies and learn about what they are doing. Looking at costs, you realize it will pretty much use up the remainder of the budget ($1,700). One personal thing you remember is Anna has family in the area that she hasn’t seen in a long time. This training could potentially increase Anna’s performance by $1,000 a year for the next 5 years.
In: Operations Management
Succinctly outline at least two ways in which a crime committed by a business entity is different from a crime committed by a natural person. (For instance, can a business entity be effectively punished? Can a business be deterred from law-breaking? Can a business entity have "intent"? Etc.)
In: Operations Management
Twenty samples were taken from a cable-weaving machine while it was being operated under closely controlled conditions. The number of defects per 100 meters for the samples is recorded below: 4, 4, 5, 3, 6, 2, 2, 4, 5, 3, 4, 2, 3, 2, 4, 5, 5, 7, 5, 3. Determine 3? control limits for monitoring defects of the process.
In: Operations Management
In regard to herbal medicine marketing, what is the implication of 1. legislation, 2.regulations 3. codes of ethics . what are the legislation, regulations and codes of ethics to consider when doing the marketing of herbal medicine(400 words)
In: Operations Management
Refer to Sombertown Hospital’s financial statements below for calculating the ratios requested in Questions 1-5.
Sombertown Hospital
Statement of Operations
For the Year Ended December 31, 2018
Revenues, Gains, Other Support
Net patient service revenue $ 4,500,000
Other revenue 600,000
Total Revenue 5,100,000
Expenses
Nursing Services 3,600,000
Administrative Services 600,000
Depreciation 300,000
Other Expenses 150,000
Total Expenses 4,650,000
Operating Income 450,000
Investment Income 150,000
Excess of revenues over expenses 600,000
Increase in Unrestricted Net Assets$ 600,000
Sombertown Hospital
Balance Sheet
As of December 31, 2018 (2017 omitted)
Assets
Current Assets
Cash and cash equivalents $ 150,000
Net patient receivables 1,050,000
Total Current Assets 1,200,000
Properties and Equipment
Gross properties and equipment $ 2,700,000
Less accumulated depreciation 1,425,000
Net Properties and Equipment 1,275,000
Total Assets $ 2,475,000
Liabilities and Net Assets
Current Liabilities
Accounts Payable 600,000
Salaries Payable 150,000
Total Current Liabilities 750,000
Notes Payable 600,000
Unrestricted Net Assets 1,125,000
Total Liabilities and Net Assets$ 2,475,000
Question # 1
What is Megatropolis Hospital’s operating margin?
Question # 2
What is Megatropolis Hospital’s days in accounts receivable?
Question # 3
What is Megatropolis Hospital’s long-term debt to net assets ratio?
Question # 4
What is Megatropolis Hospital’s age of plant?
Question # 5
What is Megatropolis Hospital’s days of cash on hand?
Question # 6
What are the four phases of management control?
Question # 7
Management has studied work patterns in the housekeeping department and estimates the number of hours to be worked as follows. Hours worked = (1,600 hours per month) + (0.50 × RVUs). For the coming month, management expects RVUs to be 6,000. What should budgeted labor for the month be?
Question # 8
Last year the price for thermometer covers in a pediatrician’s office was $.06 each. This year, the covers cost $.08 each. If the office purchased 20,000 thermometer covers this year, what is the price variance?
In: Operations Management
Why is it important to plan communications? Why do we need a strategy? How does new media factor in our communication strategy? What is the risk to not having an integrated strategy? Remember you must support your response with ate least two scholarly sources. Don’t forget to use APA style in-text citations and references.
In: Operations Management
Marketers often consider the kinds of involvement that characterize different forms of major media. What are the different kinds of involvement? Which forms of media can be characterized by each kind of involvement?
In: Operations Management
The purchase spend – sales ratio (provide reasoning for answer):
a. Is higher in the manufacturing industry compared to the banking sector
b. Is the same in the service sector and in the financial sector
c. Is higher in the banking sector compared to the manufacturing industry
d. Is the same in the financial sector and in the manufacturing industry
In: Operations Management