Business Organization HCS 567 Business Organization Starting any business venture has many challenges. One of the most important decisions to be made to help ensure success is choosing the correct business organization. In order to choose the correct type of organization it is important to understand each type of organization along with the pros and cons for each. Sole Proprietorship The most prevalent organizational type is the sole proprietorship. Sole proprietorship is usually found among
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Entrepreneurial Process HCS 567 Entrepreneurial Process The entrepreneurial process is a “set of stages and events that follow one another” (Nassif‚ Ghobril‚ & da Silva‚ 2010). The entrepreneur is the practitioner which owns or manages their a business at their own risk (Brixy‚ Sternberg‚ & Stuber‚ 2012) and possesses traits such as creativity‚ risk taking and change agents. The entrepreneur must also be familiar with the four steps of the entrepreneur process and has the ability to utilize this
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Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30‚ 2011. The budget provides for estimated revenues of $2‚700‚000 as follows: property taxes‚ $1‚900‚000; licenses and permits‚ $350‚000; fines and forfeits‚ $250‚000; and intergovernmental (state grants)‚ $200‚000. The budget approved appropriations of $2‚650‚000 as follows: General Government‚ $500‚000; Public Safety‚ $1‚600‚000;
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4–4 Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31‚ 2011‚ of $2‚660‚000. Village records indicate that‚ on average‚ 2 percent of taxes levied are not collected. The county tax assessor has assessed the value of taxable property located in the village at $135‚714‚300. Required a. Provide the required adjusting entries at the end of 2011‚ assuming that the December 31‚ 2011‚ balance of Inventory of
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MIS 567 Paper Name Institution Date Abstract A computer-based patient record is a computerized way of storing patient information within a database. This method of storage allows the medical records of all patients in the database to be shared through a controlled network of medical institutions. The records‚ which are in digital format‚ require to be embedded to protect the patient’s information. It is thus inferred that‚ technology has facilitated many changes in the globe. The changes have
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Legal and Ethical Responsibilities MGT/567 May 20‚ 2013 Legal and Ethical Responsibilities MEMORANDUM TO: Company Owner FROM: Vice President of Human Resources DATE: May 20‚ 2013 SUBJECT: Cost Effectiveness This memo is in response to the company’s decrease in sales and profit because of the current state of the economy. The company will be executing more cost-effective measures because of this present situation. These new procedures will begin immediately with approval
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Communicating with Electronic Medical Records Katrina Mabone HCS/490 May 23‚ 2013 Kendrick Brown Communication is the key to relating in all environments. When communication lines are broken‚ it makes take in jobs and personal relationship suffer. In medical environment communication is key in running hospital‚ nursing home and community care providers. With technology our communication has advanced because now we have electronic medical records. Electronic medical records are a
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Leadership Style Faye D. Baker HCS/475 – Leadership and Performance Development December 16‚ 2013 Shawn Matheson‚ MBA‚ LNHA‚ FACHA Leadership Style Transformational leadership is particularly important in the health care industry in today’s modern world because of past reputations. Some time ago the health care industry went through negative change. The health care industry was known as uncaring and cold toward patients. Transformational leadership
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Reporting Practices and Ethics HCS/405 Reporting Practices and Ethics A major aspect of health care organization operation is that of financial management. Financial management of health care organizations incorporates ethical standards and proper reporting practices. Financial practices and ethical finance concerns are important to the success of any organization‚ particularly within the health care industry. The four elements of financial management‚ generally accepted accounting
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University of Phoenix Material Overview of Risk Management and Quality Management in Health Care Worksheet The purpose of this assignment is to gain a broad perspective of risk management and quality management as applicable to all health care organizations‚ rather than focusing on a specific segment of the health care industry. Conduct research to provide you with an introduction to the health care disciplines of risk management and quality management and their roles in and
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