Accounting: Deals with analysis and interpretation of financial
records so that management can take certain decision.
(3) Costing: It deals with recording of costs, their classification and analysis for
(4) Investment Management: Takes care of howfinancial resources can be invested
❖ How will the financialrisk (e.g. liquidity) change?
❖ What effect will it have on capital structure (gearing or share ownership?)
❖ Will the function of any department, group or individual change significantly?
❖ Will the organization’s relationship with outside...
Why is the need to manage risk more important today than say 20
How should a riskmanager measure the scale of a problem and
assess which of the possible solutions might be the most effective?
Describe what you believe to be...
information on employment rights and responsibilities could be, but are not limited to.
Internal Sources- Line managers, Personnel specialists and Trade union representative.
External Sources- Legal Profession, Head Office, Libraries, Citizens Advice Bureaux.
any workplace issues
• engage with your employer to develop best practice in various workplace areas, such as health and safety
5. Briefly describe employer and employee responsibilities for equality and diversity in a business environment. You should give at least two employer...
Occupational safety and health
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Occupational safety and health can be important for moral, legal, and financial reasons. All organisations have a duty of care to ensure that employees and any other person who may be affected by...
of Ernest’s living area above. How many hazards can you spot? What actions could you take to make Ernest’s room safer?
People receiving health and social careservices are at greater risk of acquiring infection, mainly because they are likely to have poor immunity as a result...
life insurance. Select the two you would eliminate or
dramatically reduce and provide reasons for your selections.
c. Prepare a plan that might allow you to “trade” some variable employee
healthcare costs for a fixed or mixed cost.
67. Outsourcing is a frequently used method of cost cutting or...
) suggested that while assessing risks, it needs to be observed that concerned people must be helped in the best possible way. As per Lund (2011), risk assessment’s importance is related to provisions of healthcareservices. Arguing to it, Zanko and Dawson (2012) mentioned that care planning should...
of staff turnover especially among doctors and nurses. This created a problem for service delivery and customer satisfaction in the hospitals. Staff turnover is costly and disruptive and results in the deterioration of conditions at the hospital. The providers of healthcare as well as the recipients...
mental health, the ambulance service, the community and general practice. It also contains information for NHS managers and staff on: • risk assessment and prevention • staff training • how to make best use of the criminal justice system • support and counselling for staff • examples of good...
preventing hepatitis B. Workers must take particular care to avoid mucous membranes and skin coming into contact with potentially contaminated blood or other secretions.
HOW TO AVOID THE RISK:
Universal precaution is important for workers potentially exposed to HIV. Healthcare workers...
Symbiosis Centre of HealthCare Advantages - Improved delegation - Effective decision-making Disadvantages - Superiors are overloaded and overtaxed. - Decision bottlenecks - Risk of loss of control of the superior - Will succeed when the managers are capable. Both these setups have certain...
Financial Management An Overview
An experienced finance manager, with prudence, can manoeuvre and absorb the impact of internal and external factors to some extent.
A prudent finance manager would prefer a compromise between risk and return, equally between profitability and liquidity...
of their market?
• How similar are the benefits offered by the products and services to those of other firms?
• How committed are other firms in the industry?
• What are the long-term intentions and goals of competitors?
Certain pitfalls must be avoided while doing competitor analysis...
Managers are entrusted with the duty to run the company in the interest of shareholders:
* Duty to act for the benefit of the company: this obligation can be interpreted in the short term financial performance and long—term survival of the company
* Duty to care and skill: managers...
name might be given.
• In an interlocking accounts system, the cost ledger does not have accounts for non-current assets, bank, receivables, payables, long-term liabilities, capital or depreciation. The cost accounts also exclude financial transactions such as investment income, interest costs, and...
How it can be overcome
Describetwo strategies that you could use to clarify misunderstandings.
A social care worker wants to enable more effective communication with individuals using the service. Explain how they could access extra support...
Employee Assistance Program (EAP)
Occupational Health Program
Work/Life Balance Program
Lactation/Quiet Rooms—Read about rooms available for nursing mothers or for those who require a place to rest due to medical reasons involving a non-contagious condition.
Work/Life Balance Services— Your one...
increasingly centralised approach to pooling clinical negligence risks has been developing for some years, in contrast to the increasing financial autonomy devolved to healthcare providers in 1990. The responsibility for compensating injured patients has, almost unnoticed, shifted first from the...