Introduction The word "ethics" is often in the news these days. Ethics is a philosophical term derived from the Greek word "ethos" meaning character or custom. This definition is germane to effective leadership in organizations in that it connotes an organization code conveying moral integrity and consistent values in service to the public. Formally defined‚ ethical behaviour is that which is morally accepted as "good" and "right" as opposed to "bad" or "wrong" in a particular setting. For an individual
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Financial Ratios and Health Care Organizations Monique Thomas MHA 612 Financial and Managerial Accounting Instructor Stacy Hiles September 10‚ 2012 Financial Ratios and Healthcare Organizations Health systems routinely compare their financial results to those of a peer group of healthy competitors. Although managers of most organizations strive to achieve the outcomes of comparable healthy competitors‚ it is equally important to examine those of unhealthy competitors. By doing so‚ managers
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PRICE STABILITY 1’’Price stability is the economic term used to refer to a situation where the general price level covering consumer goods remain unchanged or if it does change‚ it happens at a low rate so that it is not strong enough to make any significant influence on economic decision of participants in a economy. We encounter prices in different forms in our daily life activities as buyers or sellers when we get engaged in consumption‚ investment or trade. In market economy‚ price changes
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Budgeting is the systematic method of allocating financial‚ physical‚ and human resources to achieve an organization ’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals‚ assist in the control of spending‚ and help predict cash flow for the organization. The central challenge that budget developers encounter is predicting what the future holds for the internal business and external factors. Reading the future is something
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Agency Costs and Financial Decision-Making The Concept An agency relationship is a contract under which one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf which involves delegating some decision making authority to the agent. If both parties to the relationship are utility maximizers and they may have divergent goals and objectives‚ and there is good reason to believe that the agent will not always act in the best interests of the
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Nonprofit versus For-Profit Healthcare and Organizations Abstract This paper explores articles and research conducted on nonprofit versus For-Profit Healthcare and Organizations. There are three types of entities that own hospitals‚ which are: nonprofit‚ for-profit‚ and government. However‚ it can’t be determined if they specialize in different medical services or how their service profits affect certain specializations. More than likely‚ the for-profits offer profitable medical services that
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Solution : TYPES OF DECISION MAKING WITH AN EXAMPLE Irreversible These are type of decisions‚ which if made once cannot be undone. Whatever is decided would then have its repercussions for a long time to come. It commits one irrevocably when there is no other satisfactory option to the chosen course. A manager should never use it as an all-or-nothing but instant escape from general indecision. Reversible These are the decisions that can be changed completely‚ either before‚ during or after the
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Nonprofit and For-Profit Organizations? Submitted By: Dietrice Watkins Strayer University For: Professor Gerry Patnode Date June 21‚ 2008 Abstract Academic researchers have not found it important to attempt to complete studies based on leadership in non-profit organizations. A main problem that arises is that people tend to confuse the terms leadership and management with each other. Also leadership researchers tend to associate leadership in non-profit organizations with general
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System Strengths Professor Rodriguez Introduction For-profit hospitals provide a service to make a profit which is returned first to organizations and then to their shareholders. Non-profit hospitals exist first to provide a service and second to accumulate assets which are returned to the hospital ’s community in the form of additional services (Consumers Union‚ 1998). Johns Hopkins Hospital is non-profit healthcare organization that provides many service to the Baltimore community as well
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Most societies punish children for acting out in a bad way. What they do not think of is why they are acting out. It could be just to get attention‚ but most of the time‚ it is something deeper. Their attitude comes from an emotional attachment to an unstable family. An unstable family is a family that has an absentee parent‚ is inconsistent‚ or yields a child with behavioral issues. An unstable family is a family that often times has an absentee parent. “Over the course of the twentieth
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