Approaches to decision making paper

Assignment Help Finance Basics
Reference no: EM13771238

Assignment: Approaches to Decision Making Paper

Choose one of the following scenarios:

  • Scenario 1: Budgetary concerns are an issue across all industries, including health care. A health care organization notices increasing costs in staffing and overhead, such as capital and supplies. The health care organization must determine how to reduce costs while not compromising patient care and safety.
  • Scenario 2: A group of nursing home administrators, which includes an infection control officer, has noticed increasing rates of infection at the nursing home. Infection rates must be kept as low as possible. High infection rates can result in serious complications for patients. A nursing home that continues to have high infection rates is at risk for fines. The nursing home administrators are meeting to discuss possible ways to reduce infection at their facility.

Write a 500- to 700-word paper that describes decision making in the workplace. Remember that you are not making the decision for these scenarios.

Include the following in your paper:

  • Describe two decision-making approaches managers can use to make the decision for the scenario you selected.
  • Explain why this decision is better made by a group rather than by an individual. Discuss the advantages and disadvantages of the group decision-making process for this scenario.

Format your paper consistent with APA guidelines.

Reference no: EM13771238

Questions Cloud

Continual improvement relate to global competitiveness : How does the concept of continual improvement relate to global competitiveness? How can safety and health improve competitiveness in the occupational safety and health industry? Explain your answer.
Provide one example or name of a murderer : Serial, mass, sensational, and spree murders add to the complexity of murder investigations. In this Case Study, you will choose one type of murder (listed below), and provide one example/name of a murderer that falls into this category
Explain the origins of greek mythology : Explain The origins of Greek mythology. Discuss how these myths influence society today, and what do they teach us about history.
What are two pros and two cons of the trade barriers used : Identify trade policies from 1980 to 1989 and discuss the following points: What are the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the tra..
Approaches to decision making paper : Scenario 1: Budgetary concerns are an issue across all industries, including health care. A health care organization notices increasing costs in staffing and overhead, such as capital and supplies. The health care organization must determine how t..
Consider a market containing four identical firms : The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are identical and given by C(qi)= 20qi (i= 1,2,3), where qi is the output of firm i.
Body of law that governs safety and health litigation : Explain the body of law that governs safety and health litigation. What are the legal terms that are included in summarizing the legal principles as related to safety and health? Explain in detail.
What would you done as attorney general of united states : Is this just too political to be allowed? Review the 1890 Sherman Act and the Microsoft Case in your text. Under the guidance of the 1890 Sherman Antitrust Act, what would you have done as Attorney General of the United States
Types of cost reduction strategies : As a safety and health manager, what types of cost reduction strategies would you implement in order to minimize your companies workers' compensation costs? Provide two examples of general strategies and two examples of specific strategies. Explai..

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the weighted average flotation cost

The flotation costs are 11 percent for common stock, 10 percent for preferred stock, and 7 percent for debt. The corporate tax rate is 37 percent. What is the weighted average flotation cost?

  If a bonds coupon rate is higher than its yield to maturity

the following statements are true. explain why? a. if a bonds coupon rate is higher than its yield to maturity then the

  Compute the percentage total return

Johnson Catering Corporation will pay a $2.65 per share dividend next year. The firm pledges to rise its dividend by 4.75% per year, indefinitely.

  List categories of strategy available to individual investor

List the categories of strategies available to individual investors and professional managers used for bond portfolios.

  Ic optometry a not for profit business had revenues in 2012

ic optometry a not for profit business had revenues in 2012 of 35000. expenses other than depreciation were 80 of

  Firm a has 10000 in assets entirely financed with equity

1.firm a has 10000 in assets entirely financed with equity. firm b also has 10000 in assets but these assets are

  Accepting a certain level of risk

Corporations are constantly making business decisions based on accepting a certain level of risk. Discuss and explain a situation where a company has accepted a certain degree of risk.

  Cliffs lay ahead for congress for other budget deal

Watch What 'Cliffs' Lay Ahead for Congress for Other Budget Deal? on PBS. See more from PBS NewsHour.

  What is the value of a share of common stock

What is the value of a share of common stock that paid $2.00 last year, the growth rate is 8%, assume the risk free rate is 4%, the market return is 10% and the Beta is 1.5.

  Effects of september 11 within a few days after the

effects of september 11 within a few days after the september 11 2001 terrorist attact on the united states the federal

  Computation of npv and irr

Computation of NPV and IRR and Innovation Company is thinking about marketing a new software product and How many IRRs does this investment opportunity have

  To save for her newborn sons college education lea wilson

to save for her newborn sons college education lea wilson will invest 1000 at the beginning of each year for the next

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd