Develop a 10-percent budget reduction

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Reference no: EM133676580

AssIGNMENT:

Develop a 10-percent budget reduction proposal for the scenario in the Staffing and Budgeting Dilemmas in Health Care media.

Address the following in the introductory page for this request:

  • Would you reduce each line item by 10 percent? Why is this the best approach? Also, how do you intend to handle fixed costs with this approach?
  • Would you select specific line items to reduce by 10 percent? Why is this the best approach? If so, how would you pinpoint which line items to reduce?
  • Would you put a freeze on all hiring, training, travel, and purchasing? Why is this the best approach?
  • What other ideas do you have to cut your overall budget by 10 percent without affecting the care that you provide?
  • Explain how the reduced operating budget aligns with an organization's target profit margin.

Reference no: EM133676580

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