...decide on the best strategy to solve the cash flow problem at Elijah Heart Center (EHC). In addition, I had to implement two measures to achieve a cost saving target of $750,000 for the first quarter. In order to cover the remaining shortfall, I recommended “Reducing Proportion of Agency Contracted Staff.” Implementing this strategy will reduce costs drastically without any significant change in revenue. By reducing the number of contracted staff, EHC can save money on the premiums and management fees, which are paid to the agency in lieu of providing personnel. This implementation will reduce cost drastically, due to the hospital paying twice the amount to contracted staff, then personnel employed by the hospital. My next recommendation is changing the skill mix by hiring unlicensed assistive personnel. This is a good option for saving cost in the long run. The “Revenue and Expenditure Projections” indicates cost will increase in the beginning but it will increase the revenue significantly in the following months. Furthermore, this will save the hospital $811,249 by the first quarter, which will exceed the target set. Loan Options Loan Option One was the best loan option to solve the working capital shortfall at EHC. EHC will receive $2,300,000 as payments from Medicare and other managed care companies in three months, solving EHC’s cash flow problem. Loan Option one will help in solving the current cash flow problem for the next three months. Though the...
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...and their cognitive functions such as, their problem solving abilities, their motivation, their thinking, and even their attention. The development of cognitive psychology is marked by several milestones in the field of psychology. With the need for change in theories and methods on how things are researched, certain developments ultimately lead to the development of cognitive psychology. This paper will cover four of the milestones that lead to the development of cognitive psychology. This paper will also cover why observable behavior is important in cognitive psychology. Development of Cognitive Psychology The development of cognitive psychology came about marked by different milestones that all paved the way for the cognitive perspective. One of the four major milestones that helped the development of cognitive psychology was behaviorism. Behaviorism as a perspective of psychology had its shortfalls such as not being able to account for all the experimental data that was being introduced (Willingham, 2007). The experimental data included studies in language and memory. Another drawback to behaviorism was that it was founded on the basic principle that psychology should only focus on that which was observable. Everything that was not observable, such as a person’s thoughts, was considered not important to behavior. The second milestone that this paper will cover is that abstract construct’s ability to account for the data shortfall mentioned in the first milestone. An abstract...
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...time you're assigned a class presentation, think twice before dismissing it as an unimportant part of your education. Employers look for speaking skills in job hopefuls and it's never too soon to practice good eye contact and other public speaking techniques. Teamwork Skills How many times a week does your class count off and break into small groups to tackle a challenge? You practice voicing your opinions, listening and responding to others, and reaching compromises. By the time you leave high school, you can be an expert in teamwork, an increasingly important skill in today's workplace. Problem Solving Skills Problem solving goes far beyond your algebra textbook. Every school assignment is an opportunity to weigh all possible solutions carefully and select the one you think best. As a working professional, you'll keep solving problems, whether computer programming bugs or budget shortfalls. Initiative...
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...and make every effort not to miss any deadlines. To show initiative means to be eager to do your job and learn new jobs/skills. The first way I would show initiative to my boss would be to volunteer as a team member or team lead for any projects that comes up and do this to the best of my ability. In addition, I would not be afraid to take on any task, no matter how big or small. These two simple acts will show initiative. There are many ways to express initiative. I show initiative by letting my team leads know that I am an avid learner, am willing to help where there are shortfalls and am a true team player. I am often engaged in projects assigned by team leads and management who knows from experience that I am willing and capable of getting the job done. I often step up when the team is short of people to ensure completion of the work assignments. I like to show initiative by solving problems. I like to become knowledgeable of the company I work for to get a feel of the...
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...their cognitive functions such as, their problem solving abilities, their motivation, their thinking, and even their attention. The development of cognitive psychology is marked by several milestones in the field of psychology. With the need for change in theories and methods on how things are researched, certain developments ultimately lead to the development of cognitive psychology. This paper will cover four of the milestones that lead to the development of cognitive psychology. This paper will also cover why observable behavior is important in cognitive psychology. Development of Cognitive Psychology The development of cognitive psychology came about marked by different milestones that all paved the way for the cognitive perspective. One of the four major milestones that helped the development of cognitive psychology was behaviorism. Behaviorism as a perspective of psychology had its shortfalls such as not being able to account for all the experimental data that was being introduced (Willingham, 2007). The experimental data included studies in language and memory. Another drawback to behaviorism was that it was founded on the basic principle that psychology should only focus on that which was observable. Everything that was not observable, such as a person’s thoughts, was considered not important to behavior. The second milestone that this paper will cover is that abstract construct’s ability to account for the data shortfall mentioned in the first milestone. An...
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...October 1929 Labor Gains Power * James Scullin Prime Minister * E. G. Theodore Treasurer * Joseph Lyons Railways Minister * James Fenton Trade Minister October 1929 Wall Street Crash– Depression begins Labor is seen as the champion of Workers Rights. However because of the Depression and the shortfall in funds, Labor is not able to finance social reforms. Indeed they are surrounded by debts that need to be paid off. June 1930 Otto Niemeyer invited to advise Australian on their response to the Depression arrives Otto Niemeyer believes in a deflationary approach to solving the problems of the Depression. He is supported by Joseph Lyons & James Fenton. E.G. Theodore – a supporter of the inflationary response to the Depression resigns because of Mungana scandal. Joseph Lyons appointed Treasurer August 1930 Melbourne Agreement * Deflationary approach agreed – to balance the budget by mid-1931 * Had Nationalist, conservative and right wing support and Lyons and Fenton’s support Not supported by Theodore or left wing of Labor party (Lang, Beasley) August 1930 Scullin leaves for Imperial Conference in London away until January 1930 appoints James Fenton as Acting PM. January 1931 Scullin returns reappoints Theodore as Treasurer. Both Lyons and Fenton resign from the Labor ministry. SPLIT 1 March 1931 Lyon and Fenton split from the Labor Party with four other Labor MPs. Joins with the Opposition to support a motion of no confidence in...
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...crisis. The first cause is the premium-position captivity that is”the inability of a firm to respond effectively to new, low-cost competitive challenge or to a significant shift in customer valuation of product features” The second reason is the innovation management breakdown that is”some chronic problem in managing the internal business process for updating existing product and services and creating new one” Third reason is the premature core abandonment that means “the failure to fully exploit growth opportunities in the existing core business” and “acquisitions of growth initiatives in areas relatively distant from existing customers, products, and channels” Finally, the fourth cause is the talent bench shortfall that is “a lack of leaders and staff with the skills and capabilities required for strategy execution” Authors emphasize that these causes are mainly within management control since they result from “a choice about strategy or organizational design” They point out that awareness and understanding of these causes assist companies in avoiding the growth stalls. In addition, the article demonstrates few practices that some companies use to predict and prevent the problem. The article provides examples of companies that have faced the crisis. For instance, the premium position captivity reason was among the main factors causing Levi Strauss to lose its share of market. The company failed to note changes in customer preferences and demand. As a result, companies responsive...
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...Consequences of Failing to Provide Full Disclosure There is a wide range of potential outcomes for failing to provide full disclosure in accounting. At the very least, failing to provide full disclosure is unethical, especially if the intention is to mislead about the true nature of business operations. A company could seriously damage its relationship with creditors, investors, regulators, and other third parties if they are found to be willfully withholding important information. In some cases, this could lead to a lawsuit if it resulted in damages to the third party. For example, if a company withheld information from it’s creditors and then defaulted on a loan, the creditor could likely sue for damages. Public companies are sued on a regular basis for failing to disclose relevant information to investors. On the other end of the spectrum, failing to provide full disclosure could be a criminal act under the Sarbanes-Oxley Act. Executives who failing to disclose information could be criminally liable if this was done with the intention of defrauding investors. This is a relatively new penalty that was implemented after many major corporate scandals, such as Enron and Tyco, among others. Although it takes an extreme disregard for the full disclosure principle to reach criminal penalties, it ensures that executives at publically traded companies are held to a high standard of financial reporting and honesty. Statement of Cash Flows The statement of cash flows is essential...
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...departments working together for the benefit of the patient. Teamwork promotes work rhythm that promotes trust, sharing of ideas and strategies for growth (Roussel et al. 2016). I believe that in the healthcare setting, working collaboratively with other team members will bring added value to patient care. Listening and taking into account the needs and feelings of other members is important. This invigorates openness and encourages the participation of all individuals in making decisions or solving...
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...1.As Doug Friesen, what would you do to address the problem? Where would you focus your attention and solution efforts? The major problem that Doug Friesen, manager of assembly, needs to address is of Seat Problems. Due to seat problems, production level is decreasing and which resultant leads to increase in overtime works, lead-time and off-time vehicle inventory. The major problem that is observed is improper seat quality management in KSF. Most of the seat problems were occurring because of this mismanagement like, wrong, missing and broken parts, wrinkles and missing bolster. Also, KSF inspection of seats before shipping is not proper. There need to check the method followed by KFS while inspection of seats because several of defective seats are being send as fit. May be by providing more training to the worker this problem could be solved. Also, there was ineffective feedback system, due to which Doug was not able to reach the specific solution for the seat problems. So, by properly sharing and discussing all the feedbacks may gave best optimum solution to the problem. 2. What options exist? What would you recommend? Why? The options for the seat problem are: - 1.Fixing of bolts and hooks in a proper manner – As the members of the teams were trying to fix the bolt in the front seats they tend to shot the bolt at a wrong angle because of which cross threading happens...
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...adherence to standards. We had several write-ups during our recent quarterly inspection and as a Refiner you will easily identify our shortfalls and recommend changes to ensure compliance. As a Mild Adaptor this additional duty is right in your wheelhouse. COMSEC’s well defined regulations will make you feel right at home. Ensuring the security of our communications is crucial to the completion of our mission and keeps critical data out of enemy hands. There is a quarterly base training to become a CRO. Plan to attend the upcoming training on July 14th. Special Duty Assignment: I am recommending you for duty as a tech school instructor. As a Refiner your analytical skills and detail oriented mindset will be perfect for the classroom environment. Upholding the structure and rules of the technical training environment will be easy for you as an adaptor. Also, as a Mild Adaptor you may be able to act as a Bridger, helping those who are innovators learn coping skills to deal with...
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...These factors all cause some sort of risk in the EBD student (Yell, Meadows, Drasgow & Shriner, 2013). Internal risk factors include all facets of a child’s individuality whereas family, school and culture all make up the student’s external risk factors. Of course, each of these risk factors will have a unique influence on the student. The aforementioned risk factors encourage the probability of potential behavioral and/or emotional issues. The more risk factors a child has, the more it increases the chances of the child showing signs of EBD (Yell, et al, 2013). Biological risk factors either have to do with the body and/or the mind. Therefore, cognitive shortfalls, being hyperactive, and not being able to concentrate are all biological risk factors. Cognitive shortfalls have the potential to bring about problem-solving skills, inadequate social skills and behavioral digression (Yell, et al, 2013). On the other hand, being hyperactive makes it almost impossible for students to participate in conversations and follow instructions given to them by the teacher. The child’s school community is a definite risk factor for students struggling with EBD. The school is a breeding ground for inappropriate behaviors. When a student is bullied, ignored or harassed within the school community, they will act out. In...
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...Emergent Folly Shortfalls in emergent activity switching can also lead to irrational behavior (Perkins in Sternberg, 2002). Emergent activity switching occurs when a driving force increases an action to the point at which it overrides other activities and takes control of a situation. It usually helps direct appropriate behavior, but can also engender persistent maladaptive behavior that may be challenging to modify. Some common patterns, for instance, are impulsiveness, procrastination, and indulgence (Perkins in Sternberg, 2002). These behaviors fall into the categories of mistuning and undermanagement. A study on the correlation of Attention Deficit Hyperactivity Disorder (ADHD) and suicide found higher rates of ADHD diagnoses than depression for adolescents entering emergency rooms for attempted suicide. This is thought to be due to impulsivity and other personality related issues (Manor et al., 2010). Another study comparing procrastination and suicidal ideation amongst college students showed a significant correlation between the two. Additionally, the study found that teaching males at a young age to hide...
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...having to worry about consolidating plants or making substantial reductions in personnel at any plant” stated by Robert Housman, president of Disposable Device Sector of Medical Products Company (Hayes, R., 1995, Harvard Business School). MPC supplied diagnostics systems and medical devices to several health care locations world-wide. In 1990, the combined sales of disposable devices were over $2 billion, two-thirds took place in Europe. By comparing the past data and forecasting the next five years, MPC needs to ask itself, “How will we meet these demands? Do we have enough capacity to stay in competition with our competitors, and if not, succeed them?” Through quantitative review of each plant individually and yearly production increase, problems have surfaced while viable solutions have been discovered. Summary of European Hypodermic Products: “The key to an effective hypodermic plant is uninterrupted, around–the-clock, in-line operation with high uptime. In particular, efficient utilization of molding operations, where the bulk of the plant’s assets are located, is essential” (Hayes, R., 1995, Harvard Business School) In 1990, the disposable device sector made MPC the world leader accounting for 55% of overall sales. This sector was broken into five main core groups; hypodermic syringes and needles, diabetic care, IV, PSD, and medical gloves. Hypodermic products include both...
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...Supply Chain Management Running head: SUPPLY CHAIN MANAGEMENT AT DIMCO Supply Chain Management at Durham International Manufacturing Company (DIMCO) Revenia J. Smith Strayer University SUPPLY CHAIN MANAGEMENT AT DIMCO Abstract (not required) SUPPLY CHAIN MANAGEMENT AT DIMCO 1. Discuss the Current Supply Chain System at DIMCO In order to manufacture its product line, DIMCO uses approximately 1,350 raw materials and/or components purchased from approximately 375 different suppliers worldwide. At present, DIMCO ships finished products to a central warehouse that supplies 10 regional distribution centers (RDC) which are composed of six domestic and four foreign RDC’s. The RDC’s supply 120 local distributors. The local distributors supply 350 retailers. DIMCO does not use supply chain management program for manufacturing its worldwide product line of various consumer electronic items ranging from humidifiers to massagers. The CEO, Lucille Jenkins believes that implementing supply chain management would be profitable, and that DIMCO, having integrated its internal processes, is ready to integrate the suppliers or the distributions. Therein, lays the question of which to integrate first-the suppliers or the distributors. There exists a need and desire for including DIMCO’s suppliers and distributors into the supply chain system by implementing an efficient supply management system that will not alienate those suppliers and distributors. Lucille...
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