Questions
1-In the area of Corporate Negligence, hospitals have moved from a duty to use reasonable care,...

1-In the area of Corporate Negligence, hospitals have moved from a duty to use reasonable care, to charitable tort immunity.

True/False

2- CEO/Administrator's have a responsibility to correct deficiencies found by regulatory agencies.

True/False

3-Who is responsible for Medical Staff Privileges?

Nursing

CEO

Governing body

None of the above

4- Physicians challenge a Denial of Privileges by using state and federal antitrust laws based on a conspiracy theory. This approach is:

growing more successful

not vaild due to the US Constitution

generally an unsuccessful claim

not an option for individuals

5-Negligent granting of privileges can lead to:

Iiability for injuries suffered by patients treated by physician whose credentials were improperly screened.

liability for breech birth by doctor with improper privileges.

liability for wrongful death caused by fugitive doctor.

all of the above.

6-During a lawsuit over suspension or termination of privileges, you may hear testimony about:

whether a physician exhausted all remedies available before going to court.

whether the health care organization denied due process.

all of the above.

none of the above.

7- The evaluation of professional services by a person licensed to practice is:

Clinical Review

Book Review

Peer Review

none of the above.

8- Who has the primary responsibility for taking corrective action when physicians provide inadequate care?

Patients

Nurses

Medical Director

none of the above.

In: Nursing

The Elite Mutual Fund associate director intends to invest in the stock of ABC Company. ABC...

The Elite Mutual Fund associate director intends to invest in the stock of ABC Company. ABC Company is a merchandiser buying and selling mobile phones. ABC Company also provides mobile phones repairing services. Around 50% of the company’s revenues come from the sale of mobile phones. The remaining company’s revenues come from mobile phones repairing services.

The following are financial ratios for ABC Company and comparative ratios for ABC Company’s industry. Computations of the financial ratios for ABC Company are based on the information from ABC Company’s financial statements.

Aspect of financial ratios

Industry average

ABC Company

(i) Market measures

Price-to-book

9.1

8.9

Dividend payout rate

2.1%

0%

Dividend yield

0.6%

0%

Earnings yield

8%

8.2%

Price-to-earnings ratio

29.1

27.9

(ii) Asset utilization

Total assets turnover

4

3.95

Fixed asset turnover

15.65

15.4

Working capital turnover

9.81

8.6

Sales to inventory

28.8

30

Accounts receivable turnover

8.25

7

Cash turnover

39

40.9

(iii) Operating performance

Net profit margin

8.1%

8.3%

Pre-tax profit margin

14.55%

15%

Operating profit margin

16%

16.8%

Gross profit margin

34.4%

36.1%

(iv) Return on investment

Return on common equity

50.1%

52.7%

Return on assets

30.1%

31.5%

(v) Capital structure and solvency

Times interest earned

9.99

9.3

Long-term debt to equity

0.401

0.369

Total debt to equity

0.691

0.675

(vi) Liquidity ratios

Days to sell inventory

18.39

18.48

Collection period

36.7

42.29

Acid-test ratio

1.95

2.68

Current ratio

3.2

3.55

Required:

  1. You are required to interpret the ratios of ABC Company. From your interpretation, draw relevant inferences regarding ABC Company’s financial condition and financial performance. (Note: Ignore the industry average ratios.)
  1. You are required to repeat the analysis in (a) with full knowledge and understanding of the industry average ratios.
  1. Show which financial ratios you may consider to deviate from the industry average norms. For each of the ABC Company’s financial ratio that deviates from the industry average norms, give suggestions for two possible explanations.

In: Accounting

The Elite Mutual Fund associate director intends to invest in the stock of ABC Company. ABC...

The Elite Mutual Fund associate director intends to invest in the stock of ABC Company. ABC Company is a merchandiser buying and selling mobile phones. ABC Company also provides mobile phones repairing services. Around 50% of the company’s revenues come from the sale of mobile phones. The remaining company’s revenues come from mobile phones repairing services.

The following are financial ratios for ABC Company and comparative ratios for ABC Company’s industry. Computations of the financial ratios for ABC Company are based on the information from ABC Company’s financial statements.

Aspect of financial ratios

Industry average

ABC Company

(i) Market measures

Price-to-book

9.1

8.9

Dividend payout rate

2.1%

0%

Dividend yield

0.6%

0%

Earnings yield

8%

8.2%

Price-to-earnings ratio

29.1

27.9

(ii) Asset utilization

Total assets turnover

4

3.95

Fixed asset turnover

15.65

15.4

Working capital turnover

9.81

8.6

Sales to inventory

28.8

30

Accounts receivable turnover

8.25

7

Cash turnover

39

40.9

(iii) Operating performance

Net profit margin

8.1%

8.3%

Pre-tax profit margin

14.55%

15%

Operating profit margin

16%

16.8%

Gross profit margin

34.4%

36.1%

(iv) Return on investment

Return on common equity

50.1%

52.7%

Return on assets

30.1%

31.5%

(v) Capital structure and solvency

Times interest earned

9.99

9.3

Long-term debt to equity

0.401

0.369

Total debt to equity

0.691

0.675

(vi) Liquidity ratios

Days to sell inventory

18.39

18.48

Collection period

36.7

42.29

Acid-test ratio

1.95

2.68

Current ratio

3.2

3.55

Required:

  1. You are required to interpret the ratios of ABC Company. From your interpretation, draw relevant inferences regarding ABC Company’s financial condition and financial performance. (Note: Ignore the industry average ratios.)
  1. You are required to repeat the analysis in (a) with full knowledge and understanding of the industry average ratios.
  1. Show which financial ratios you may consider to deviate from the industry average norms. For each of the ABC Company’s financial ratio that deviates from the industry average norms, give suggestions for two possible explanations.

In: Finance

Yaw Mathew, Kofi John and eighteen (18) others are employees of SameXYZ Limited, a giant coffee...

Yaw Mathew, Kofi John and eighteen (18) others are employees of SameXYZ Limited, a giant coffee production company located in the Industrial Area of Ghana. They work in the coffee factory of the company. In December 2017, a trade union representing the employees in the coffee factory made certain demands on the company, including demand for pay rise. There were negotiation proceedings following which a settlement was reached between the company and the trade union. Under the settlement, the monthly salary of each coffee factory employee is to be increased from the current amount of GH₵1,500.00 to GH₵ 2,250.00, an increase of 50% over and above the previous salary. It was agreed that the increment was to take effect from January 2018. In January 2018, the employees were put on the new salaries but it was observed that the company was making certain unexplained deductions of GH₵100.00 from the monthly salary of each employee, apart from the lawful deductions. When the employees complained to the company regarding the deductions, they were told that the said amount was a pecuniary penalty imposed on them by the company and that the company owed them no explanation whatsoever. They were further told that any employee who was not ready to suffer the deductions was free to resign. The employees are of the view that such deductions are not permitted under the Labour Act but do not know what to do to halt the deductions and recover the deductions made so far. They have come to you for your legal opinion on such deductions and the steps they can take to halt future deductions and also recover previous deductions as prescribed by law

In: Operations Management

Kate is a 17 years old patient, unmarried and 8 weeks pregnant. She is a rather...

Kate is a 17 years old patient, unmarried and 8 weeks pregnant. She is a rather remarkable girl in that she lives independently while still a senior in a high school. She tells you that she was an adoptee given back to foster care, and then abused in that system. She is now an emancipated minor who works 30 hours per week at a service industry job while also earning a 4.0 GPA in school, ranking in the top 10% of her class. She is college-bound, with a full-ride scholarship for pre-med undergraduate studies at a prestigious university. ?Kate has absolutely no family support, and the former boyfriend who is the father of her unborn child/fetus simply disappeared upon learning of the pregnancy. Your patient is scared, uninsured, and says she doesn’t want to be pregnant or a mom (“Perhaps someday, but not now!”). She rejects the adoption option, based on her own experience growing up, and requests abortion only, at this hospital where she has always received medical care.”

Questions for discussion ?1. Your faith-based health care system rejects elective abortion option. What ought to be done for Kate? And by whom?

In: Nursing

ABC Company employs a periodic inventory system and sells its inventory to customers for $23 per...

ABC Company employs a periodic inventory system and sells
its inventory to customers for $23 per unit. ABC Company
had the following inventory information available for the
month of May:

May 1    Beginning inventory 1,600 units @ $12 cost per unit
May 8    Sold 1,100 units
May 13   Purchased 1,700 units @ $24 cost per unit
May 18   Sold 1,000 units
May 21   Purchased 1,500 units @ $18 cost per unit
May 28   Sold 800 units
May 30   Purchased 1,200 units @ $20 cost per unit

During May, ABC Company reported operating expenses of
$5,000 and had an income tax rate of 36%.

Calculate the amount of gross profit earned by ABC Company
during May using the weighted average method.

In: Finance

Explain why an economist would focus on real GDP rather than nominal GDP. Suppose you walked...

Explain why an economist would focus on real GDP rather than nominal GDP.
Suppose you walked into an unemployment office and found the following people: a laid-off mall Santa Claus, an unemployed auto-industry worker(who is subject to callback by their company), a woman who lost her job at a manufacter because the company relocated to Mexico, and a Nurse who just moved to town because his wife recently started a new job. Assign the following labels to people above: cyclically unemployed, frictionally unemployed, structurally unemployed, and seasonally unemployed. Then explain the terms of each person.

In: Economics

"Freshman 15": Fact or Fantasy? BOSTON Along with all of the typical "back-to-school" hype about lunch...

"Freshman 15": Fact or Fantasy? BOSTON Along with all of the typical "back-to-school" hype about lunch boxes and school buses, each September is typically greeted with media reports and advice about the "freshman 15," which is the popular name given to the phenomenon of first-year college students gaining 15 pounds during their freshman year. But does this 15 pound weight gain actually occur, or is it simply a myth? Carole Nhu'y Hodge, Linda Jackson, and Linda Sullivan are Michigan State University researchers who conducted their own investigation. They studied 61 Michigan State female students who took an introductory psychology course. The volunteers, who were given extra credit for participation in the experiment, were weighed at the beginning of their freshman year and at a point in time six month later. Among their findings reported in Psychology of Women Quarterly : "Body weight at the beginning of the first college year (Time 1) was compared with weight approximately 6 months later (Time 2). Average weight at Time 2, 131.45 lb (59.62 kg), was no different from average weight at Time 1, 130.57 lb (59.23 kg)." They also state that "Our findings suggest it (the 15-lb weight gain)is fantasy, although additional research is needed before drawing firm conclusions."

The Assignment:

Answer the following:

  1. What do the researchers infer when they say that there is "no difference" between the mean weight at Time 1 (130.57 lb) and the mean weight at Time 2 (131.45lb), when there is an apparent difference of 0.88-lb?
  2. What are the limitations of this particular study? That is, if the sample data are used to make inferences about a population, identify the specific population in question.
  3. Identify any aspects of the experiment that could potentially threaten the validity of the results.
  4. Identify a possible null hypothesis and alternative hypothesis for this experiment.
  5. Your submission is to be a well-written grammatically correct response.

In: Statistics and Probability

9.   Columbia won’t discriminate on the basis of religious belief. Historically, some creeds have been singled out...

9.   Columbia won’t discriminate on the basis of religious belief. Historically, some creeds have been singled out more than others for abuse, but one that’s not often found on the list of mistreatment is Haitian Voodoo. Houngan Hector of New Jersey identifies himself as an asogwepriest of Haitian voodoo. His story is interesting. He claims to have been hit by an ancestor at the age of seven, and so began his spiritual journey. Eventually, it led Houngan Hector to perform spiritual cleansings for money. They haven’t always gone well. According to this newspaper story in the Philadelphia Daily News: “Lucille Hamilton paid $621 to have her ‘spiritual grime’ removed by voodoo high priest Houngan Hector in an ordinary townhouse in Camden County. Hamilton, 21, a male living as a woman, flew in on Friday from her home in Little Rock, Arkansas to take part in the three-day spiritual cleansing. By Saturday night Hamilton was dead, and authorities are awaiting results of an autopsy and toxicology tests to determine exactly what happened.”[1]

Here’s Houngan Hector’s advertisement for his services on his MySpace page, as it was reported in Odd Culture: “I have over 15 years of experience helping individuals resolve their issues, and well over 9 years of helping people through the means of the Haitian Voodoo tradition. Having gotten individuals out of jail, brought lovers back, and improved people’s financial situation, I keep myself humble remembering it is not I who does it. It is God and Ginen who resolves.” [2]

The three basic ethical arguments against discrimination (and, in this case, discrimination based on personal religious belief) are fairness, rights, and utilitarianism.

  • Choose one and make the case that Houngan Hector—who was never charged with any crime—should be treated like any other applicant for a job at Columbia University.
  • Can any of the three arguments be used to show that discriminating against Haitian voodoo believers is ethically acceptable, even recommendable?

In: Operations Management

Case Study Katie is an advanced practice nurse who works in a busy neurosurgical unit in...

Case Study
Katie is an advanced practice nurse who works in a busy neurosurgical unit in a large teaching
health care center. She has become friends with several of the neurosurgeons who are
nationally recognized for their skills. One day she is approached by an RN friend of hers,
Ginger, who works with immigrants in a free clinic, on behalf of a patient who recently came to
the United States from Costa Rica. The woman brought her twin sons who were born joined at
the head. She approaches one of her physician friends about examining the twins for possible
surgery. The physician agrees and after the exam, is very excited about the prospects of
surgery to correct the defects and separate the twins. It would be a first-time cutting-edge
surgery that he could get published in major medical journals and also gain international
recognition for. Unfortunately, the patient will not be able to pay for the surgery.
The physician orders a number of image studies which appear to indicate that both
infants should survive the surgery, but they will need intensive hospital care for several months
after the surgery. They will also need long term outpatient rehabilitation and home care. Quite
often, children who have severe neurological problems will have life time deficits including
retardation and mobility issues.
After explaining the procedure to the Chief of Staff, the department expresses its
interest in performing this ground-breaking surgery. The physician and several other surgeons
offered to perform the surgery without pay, and the hospital, because of its status as a major
teaching institution, agreed to provide post-operative inpatient care at no expense to the family.
However, no one has come forth to pay for the care after the twins leave the ICU and for
outpatient follow-up. Because the condition of the twins has been deteriorating, the physician
schedules the surgery in two days’ time.

Questions:

• Should the family's ability to pay for long-term and home care for these children play a
role in the physician's decision about when and whether to perform the surgery?
• What should Katie include in the teaching plan for this family?
• If no funds are available for future care, should the surgeon operate? Where might the
mother of the twins find additional funding?
• Is the surgeons’ and hospital’s willingness to forgo any payment purely altruistic? If not,
how might they leverage the media attention into funding the recovery of the twins?
• How do you feel about people from foreign countries coming to the US to receive
advanced health care for free?
• Is there an issue of distributive justice in the use of scarce resources?

In: Nursing