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A hospital has identified nonrandom variations in medication errors. These errors can emanate along a process from prescription orders to delivery to a patient. Hence, consider the departments involved in the process such as nursing, pharmacy and others as appropriate, to:
a. Draw a flow chart for the medication process.
b. Construct a cause - and - effect diagram showing the potential causes of errors.
c. Develop a Pareto diagram to prioritize the causes (problems), for planning to solve them.
According to the EOQ model, a very large increase in sales will result in
You are 27, and decide to save $7500 each year (first deposit a year from now) in an account that pays 10% interest per year. You will make your last deposit 38 years from now when you retire at age 65. During retirement, you plan to withdraw funds f..
A nominal return of 7% on your investment if you invest in US. A nominal return of 6% on you investment if you invest in Ireland. Which option will give you the highest real rate of return? (Calculate the average inflation for the last 5 years for ea..
If you make quarterly deposits of $585.00 into an ordinary annuity earning an annual interest rate of 6.16%, how much will be in the account after 7 years? How much interest did you earn in those 7 years? How much is in the account after 7 years? How..
You purchased 250 shares of General Motors stock at a price of $72.74 two years ago. You sold all stocks today for $88.44. During this period the stock paid dividends of $4.20 per share. What is your annualized holding period return (annual percentag..
The R.M Smithers Corporation earned an operating profit margin of 11.2 percent based on sales of 10.5 million and total assets of 4.8 million last year. What was Smithers' operating return last year? Assuming the firm's operating profit margin remain..
Which one of the following is NOT a way to improve the P/Q rating of a company's brand of multi-featured cameras?
At an output level of 62,000 units, you calculate that the degree of operating leverage is 3.70. Suppose fixed costs are $280,000. What is the operating cash flow at 56,000 units? What is the new degree of operating leverage?
Calculate the IRR of the Mozal project. What is the real expected return using the CAPM? Should Gencorp/Alusaf invest in the Mozal project? What are the greatest risks? Have they been adequately addressed?
Depreciation (of existing machinery): $10,000. Calculate the relevant cash flow for this firm for the year 2014.
What is the net present value of a project with the following cash flows if the discount rate is 15 percent?
Imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use being sure the name the stages, the activities included in the stages and stage specific e..
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