How financial formula aids in decision making process

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Reference no: EM13106419

Consider yourself the CEO of a major healthcare organization. For several years you have taken a small not-for-profit hospital from mediocre financial status to elite status in a growing regional environment. As the CEO, you find yourself having to choose between a variety of capital projects presented by your management team. There continues to be limited resources to fund all the projects so your ability to select the most effective use of resources is crucial to the organization. In a research paper of no less than 5 pages, outline the 4 major steps in detail on how you would decide between projects presented to you by your hospital VP's. 1. Be sure to clearly explain each major step and to provide information on each sub-category of items that make up each step. 2. Be sure to include any financial formulas and how the financial formula aids in the decision making process. 3. Make sure to have a reference list.

Reference no: EM13106419

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