Premium Essay

Checkpoint 1

In:

Submitted By tweetyo
Words 281
Pages 2
Directions: Consult Ch. 1 and the glossary of Financial Management in Health Care Organizations as well as other outside sources as necessary in order to complete the tables in Parts I and II. Provide a definition in your own words for each term, as well as a real-world example. The examples need not be from the field of health care.

Part I: The Four C’s

Term Definition Real-world example

Cost The cost Is the value of something The price of a dress, how much you paid for medication, the purchase of a home

Capital Cash that is used for a investment Investment of a business,

Cash Currency one gets from a bank, you have on hand when you don’t have a check. Also another name for money. Funds use to buy a home, car, business, clothes, medication, and personal use.

Conservation Protection, change, restoration from loss, keeping the same value Like making wise investments

Part II: The Five Pillars of Financial Practice

Term Definition Real-world example

Cash flows Amount of cash you have now, increase in cash It can be Outback, Myself, any business

Maximizing behavior To reach the highest peak or goal Up the ticket prices for a any sports such as basketball, actors, models , employees

Risk aversion To make a risky move in order to get a return or money back Lottery, world stock holder

Time value of money Investment of some amount of today that is promise of the exact amount in the future. One who desire to exploit opportunities earn interest or returns, such as actors,

Opportunity cost The forgone cost, Anything that is of value Financial actors, cost of education,

Similar Documents

Free Essay

Checkpoint 1

...Although are the Principle Points of Economics are important, one sticks out, Principle 4: People Respond to Incentives plays a major role. People look for incentives everyday in shopping for electronics, cars or grocery items. Consumers are always wanting or seeking to find the best deal before there is a purchase made. Making a decision to purchase a house is very important but also when to purchase a house is a major factor. Actually the Checkpoint brings back memories for me. My husband and I were in need of buying a new home because of our new addition. One factor came into to place quickly, location, location, location. We decided to move to a town which provided shopping centers, school and job distance. A potential home buyer next goal is to interact. Interacting plays an important role, as far as looking and seeking where the potential buyer wants to live. How much money and price range is important as well. Both parties will need to interact with both incomes before the purchase. An important factor is how the housing market is progressing, are the potential developments continuing to grow. Are potential buyers exceeding home purchase or is the development not reaching is quota. Over the years the rise and fall of the economy has stagnated potential home buyers. Looking to buy a house in seasons, winter, spring , summer or fall. Most potential buyers want to move before school starts. In all when and where are factors that come into play when buying...

Words: 255 - Pages: 2

Premium Essay

Checkpoint 1

...1. Provide a synopsis of the Jones and Shephard case. The company added extra obligations and responsibilities to be managed with the addition of the ISD department, which made the work load that already existed to become more of a deficit than a benefit to the company. The main focus was to resolve internal projects to a satisfying level and incorporate the needs of the external customers with sufficient supported outcomes of both. 2. Highlight three enterprise management causes/considerations and three project management causes/considerations for the situation. Include what seemed to be missing. From the business objective, the implementation of the ISD department was added too rapidly, and the addition of about 50 new employees created a budget increase where this could have been minimized or alleviated. The business did not have a well thought out plan when they added the ISD division, with no project supervisor that could have focused on this new implementation. The business did not allow the Division Director to focus on strategic planning and policy formulation as a main focus to help enhance the company. The projects X and Y were not guided by individual project managers, which caused the Director to be solely responsible for the daily performance of them. There was no head person or supervisor in place to deal with customer inquiries and needs. The Idea of the matrix would seem to be a proven effective internal structure for the department to follow that way...

Words: 857 - Pages: 4

Premium Essay

Eth125 Checkpoint 1

...ETH125 Week 7 Checkpoint 1 The first article that I have found goes into detail of the time lines of when and how we started to actually mandate how bilingualism is taught in the public school districts. It is a very long and drawn out article that states what bilingualism is about and how it benefits the students that use it. The article also describes what the author knows about bilingualism and how statistics show that Latino scores are improved by taking these classes. http://www.gwu.edu/~ccps/pop_billing.html The next article that I have found is one that also is for bilingualism in public school. It states the statistics of how and why children improve scores and grades form taking another language in college, not high school. It says that when children take these classes in high school, they do not get enough of it to learn as much as they could. http://www.nctimes.com/news/opinion/columnists/riehl/article_41791d70-d500-5746-90a5-9f39e9953be9.html This article is against bilingualism in politics because it is said that it is dangerous because maybe people will forget where they are form if they speak another language. I do not think this is the case but Newt Gingrich does. It is also said that English is what holds us all together and that if we stray to another language it would not be beneficial to us as Americans, again I do not agree. http://articles.latimes.com/1995-10-31/news/mn-63269_1_official-language This article talks about our President...

Words: 311 - Pages: 2

Premium Essay

Checkpoint 1 Answers

...1. (TCO A, B, C) Describe a value proposition and provide an example. How important is value to the consumer? (Points : 5) There is no universal definition of the term value proposition. Value proposition in marketing is a statement that summarizes why a consumer should buy a product or service. Basically, value proposition should convince a potential consumer that the product or service will solve his/her problems and it is impossible to live without that product or service. Value proposition can be in form a statement or an ad. Prime example is Apple iPad ad. Apple does not have a convincing written statement on this product, but what they have is very convincing ad. From a consumer point of view, a value of a product or service is linked to quality and reliability. Most consumers are cost conscientious. They always look for a good value and they only decide what is valuable and what is not! 2. (TCO A, B, C) How would you describe relationship marketing? Why are these relationships so important to successful marketing? (Points : 5) Relationship marketing is relatively a new concept surfaced in late 1980s. It can be defined as marketing activities that attract, maintain and enhance customer relationships. In a nutshell, relationship marketing simply means customer retention and satisfaction. Basically, a trust relationship—thru quality product offering, is built among all stakeholders, especially with the customers (this is not a “buddy-buddy” relationship)...

Words: 672 - Pages: 3

Free Essay

Week 1 Checkpoint

...following threats and accompanying risk levels for this particular store: 1. Fire (medium) 2. Internal theft (high) 3. Shoplifting (medium) 4. Burglary (high) 5. Bomb (low) The retail chain has decided to respond to these threats in the following manner: For threat #1, management has decided to take no further precautions because the store is currently up to code and the insurance policy the company carries fully covers it in the event of fire. For threat #2, management has decided to implement background checks for all new applicants and all employees must now have their bags and backpacks checked by security before exiting the store. For threat #3, management has decided to add no additional security measures. Losses due to shoplifting are expected and have been included in the store’s budget. For threat #4, management has installed a comprehensive alarm and surveillance system in all stores, with around-the-clock security monitoring. Now, break-ins at this store cannot occur without detection. For threat #5, management intends to institute no countermeasures. With several other branches throughout the region, the company overall would suffer only minimal losses even if this threat were to materialize. In the following table, identify the type of risk management option the company has employed for each threat: Threat | Risk Management Option | Threat #1 | Take no further action due to insurance policy and building up to code | ...

Words: 742 - Pages: 3

Free Essay

Week 1 Checkpoint

...One problem that is highly significant in my state is the use of plastic bags at stores. Plastic bags have recently become a hot topic when it comes to conserving the environment. Millions of plastic bags are used on a daily basis. Stores have begun selling cloth and cold food reusable bags to cut down on the use of plastic bags. Stores like Wal-Mart have installed recycling bins as you enter the store hoping that people will recycle the plastic bags, I found this to be very interesting. The stores have definitely gone out of their way to help conserve our environment. I am not sure why they have suddenly become so aware of the environment, but I am sure it has to do with the fact that in the past few years society has become more aware of issues that affect the environment. Environmental ethics definitely play a role. The stores are still allowing people to make their own choice between plastic or something more environmentally friendly, but they have taken major steps in helping conserve our environment. Many stores have never offered such options and I believe that this has the potential to make a significant difference when it comes to the environment. Texas has passed a new law that will go into effect as of January 2013 that the stores here will no longer be using plastic or paper bags. We have to buy reusable cloth bags from now on. I have been storing my plastic bags and reusing them until they brake and holding on to the two cloth bags we have gotten so far, but I...

Words: 285 - Pages: 2

Premium Essay

Week 1 Checkpoint

...Business Communication Trends Elizabeth Anelia Matthews XCOM/285 March 25, 2012 Karen Blatter Business Communication Trends To be successful in this world today of business you have to have certain qualities and the most important one that you need to have is business communication skills. The world of businesses is a tricky one these days. There are so many people that come and go that you will need to know how to communicate with them especially since the fact is that there will be plenty of people who do not agree with your viewpoint of certain subjects and you have to know how to handle them with tact and professional standards. In this paper, we will cover certain business communication trends and how you manage them into your everyday work communication skills set. Let me remind you that business communication isn’t just about talking face to face; it is emails, phone calls, memos, presentations and that sort of communication skills. You need to know the best skills and trends in today’s business setting that will best help you retain the business communication that you need. Certain trends that are happening nowadays are the rise of technology, there is more video conferences and more phone calls and more computers being used into today’s business setting than ever. Not only is that but the technology also cutting out human interaction in businesses. For example, let’s take banks, it used to be that you had to walk into a bank to deposit or withdraw...

Words: 585 - Pages: 3

Free Essay

German Berlin

...Write an essay on ONE of the topics listed below: Recommended length: 5,000 words Submission date: 12 noon, Thursday Week 4 of Term 3 You are recommended to consult the following three Department documents when writing this essay: • Undergraduate Studies Handbook • Assessed-essay-writing guidelines • Essay-marking criteria for Options and Core Modules 1. ‘Zeugnisse guten Willens, zugleich aber wieder Dokumente der Ratlosigkeit’ (Günther Mahal). Discuss with reference to a representative selection of texts from the material in the collection Die Berliner Moderne, 1885-1914. 2. ‘Tatsächlich ist es die Erfahrung der Großstadt Berlin, die Konfrontation eines in der Provinz herangebildeten kleinbürgerlichen Bewußtseins mit der Hektik, der Unübersichtlichkeit, den Massenmenschen, dem Elend der industrialisierten Metropole, aus denen die Entstehung der künstlerischen Moderne, ihr unklarer und widersprüchlicher Charakter verstanden werden können.’ (Jürgen Schutte and Peter Sprengel). Discuss with reference to a representative selection of texts or visual material produced before 1930 that you have studied on the module. 3. ‘Die psychologische Grundlage, auf der der Typus großstädtischer Individualitäten sich erhebt, ist die Steigerung des Nervenlebens, die aus dem raschen und ununterbrochenen Wechsel äußerer und innerer Eindrücke hervorgeht.’ (Georg Simmel). Analyse the significance of Simmel’s essay ‘Die Großstädte und das Geistesleben’ of 1903 for an understanding...

Words: 920 - Pages: 4

Free Essay

Immigration Us Politics

...The President's Proposal  Strengthen border security and infrastructure. - Strengthens and improves infrastructure at ports of entry, facilitates public-private partnerships aimed at increasing investment in foreign visitor processing, and continues supporting the use of technologies that help to secure the land and maritime borders of the United States.  Combat transnational crime. - Creates new criminal penalties dedicated to combating transnational criminal organizations that traffic in drugs, weapons, and money, and that smuggle people across the borders. It also expands the scope of current law to allow for the forfeiture of these organizations’ criminal tools and proceeds. Through this approach, we will bolster our efforts to deprive criminal enterprises, including those operating along the Southwest border, of their infrastructure and profits.  Improve partnerships with border communities and law enforcement. - Expands our ability to work with our cross-border law enforcement partners. Community trust and cooperation are key to effective law enforcement. To this end, the U.S. Department of Homeland Security (DHS) will establish border community liaisons along the Southern and Northern borders to improve communication and collaboration with border communities, boost funding to tribal government partners to reduce illegal activity on tribal lands, and strengthen training on civil rights and civil liberties for DHS immigration officers.  Crack down on criminal networks...

Words: 1007 - Pages: 5

Free Essay

Grammer

...Testing Right Form 1. I [pic](be) born in 1944 during the war. 2. My parents [pic]( go) to the cinema yesterday and they hated the film. 3. Did you [pic](find) your course book? 4. What did you [pic](do) during your holidays in the Bahamas? 5. Van Gogh [pic]( draw) beautiful sketches before he painted them 6. The Berlin wall [pic]( fall) in 1989. 7. Why did you [pic]( break) this vase? 8. The Police [pic]( catch) the thieves in Paris near the Louvre. 9. At the restaurant Ben [pic](drink) white wine and ate sushis. 10. What did you [pic]( have) for breakfast? 11. Behind the door , he [pic]( hear) all the conversation. 12. When my father was twenty years old he [pic]( drive) a Lexus. 13. The boy felt angry because he [pic]( be) punished. 14. Two months ago he [pic]( fly) to Los Angeles. 15. Sorry Miss, I [pic]( forget) my book. 16. What did you [pic]( get) for Christmas? 17. Did you [pic](begin) the test at half past nine? 18. He didn't [pic]( hurt) the little boy. 19. The Police didn't [pic]( catch) the thieves. 20. The students never [pic](forget) their homework last week. Ans: I WAS(be) born in 1944 during the war. 2. My parents WENT( go) to the cinema yesterday and they hated the film. 3. Did you FIND(find) your course book? 4. What did you DO (do) during your holidays in the Bahamas? 5. Van Gogh DREW ( draw) beautiful sketches before he painted them 6. The Berlin wall FELL ( fall) in 1989. 7. Why did you BREAK ( break) this vase...

Words: 400 - Pages: 2

Premium Essay

Lives in Fences

...Lives in Fences Fences are built to keep life in order, on track and simple. Such as “The Berlin Wall was a concrete barrier that separated West Berlin from East Berlin throughout much of the cold war.” The Berlin Wall was built up to keep two sides separated from conflict, but eventually the two sides overcame that. The Berlin wall was once necessary, but as time went by and the world evolved, so did the people and eventually came down. There will always be fences built up in our lives, but that doesn’t always mean they need to be a barrier and are necessary. There are times when barriers crucial and keeps everyone orderly. In Robert Frosts poem, he repeats “Good fences make good neighbors”. (“Mending Wall”46) Fences are the comfort zones for all people, its their own little privacy. It also could be very crucial in getting along with other because as long as we all have that barrier no conflicts will arise.Robert introduces differences, “He is all pine and I am apple orchard”. (“Mending Wall” 24) Two totally different concept, a pine an an apple, one sweet and one sharp. This is a crucial time to have to have a fence for if they were to cross in each others path it will easily not end well for the differences are so enormous. Fences are always built up to keep something in; whether it be a way of life or simply to avoid conflict. There also comes a time when a barrier is no longer necessary. Robert Frost says, “But here there are no cows. Before I built a wall I’d...

Words: 531 - Pages: 3

Premium Essay

Checkpoint 1 Decisions

...Checkpoint Decisions Deann Jones PSY/265 October 22, 2013 Megan Hild Checkpoint Decisions When I think about sex and sexual encounters I look at the situation and my decision critically. I am skeptical of a person’s motivates for wanting sex. I try to look at sex in a way as to what would make me happy, what would make me have regrets, and how my decision will affect my future. I do not base my decision on what others my think is best for me I use my own judgment. I recently went through a situation where I had to make such a decision. My fiancé of six years and I have recently separated, but have been talking about reconciling. The problem is that he lives in another state right now with another woman, but that was not the problem. See my fiancé has told me that under the circumstances I am free to date other people and a friend of his came to me and wanted to have sex, so I had a decision to make. When this situation arose I had some thinking to do about what I really wanted to do. I started to think about how this would affect my life, if it would make me happy, and how I would feel later. After much thinking I realized that having sex with this man would only complicate an already complicated situation. After thinking about the situation I realized that even though the sex may have been pleasurable at the time it would not make me happy. Having sex with this man would only make me feel bad in the long term and make me feel as though I had cheated on my fiancé,...

Words: 429 - Pages: 2

Premium Essay

Hsa Week 1 Checkpoint

...Week 1 Checkpoint Jessica Liska AAGG1CBKD7 May 9, 2014 Melissa Ellison Week 1 Checkpoint 1. Communication: According to Kettner, communication is ‘the ability to portray the vision clearly.’ (Kettner, 2002) To me this is an adapt portrayal of what communication is. Without the ability to be a good communicator, a manager would find themselves with workers who were confused on the directions they were told and a manager who is frustrated because work was not done to their standards or the way that they had directed. This is a knowledge characteristic because being a good communicator is something you learn from an early age. There are people out there that no matter what, they will never be good at communicating their feelings or wishes to other people in a way that makes sense to anyone but them. 2. Empowerment: “the ability to create a structure that harnesses the energies of others to achieve the desired result” (Kettner, 2002) Being able to create structure out of chaos is a skill that most people take years in learning. For me this is a knowledge characteristic. Being able to direct others in seeing the same vision you have that enables everyone to work together for the same outcome is even harder. This takes years of learning what works best for the manager. There may be tricks that don’t work for others, but work wonderfully for that individual. 3. Persistence: “the ability to stay on course regardless of the obstacles encountered” (Kettner, 2002) To...

Words: 951 - Pages: 4

Premium Essay

It-205 Wk 1 Checkpoint

...unsupportive culture. Technology problems may consist of outdated software, not enough storage space, aged hardware not adequate to support current needs, inadequate telecommunications systems, and frequent changes to technology. Another problem of technology is trying to combine or merge old and new systems. People problems consist of lacking employee training, lack of support from the employees, work environment, and poor or indecisive management. Other problems with people are from poor recruitment, the lack of motivation, the lack evaluating work performance, lack of legal or regulatory compliances, and ergonomics.   What is the difference between IT and information systems? Describe some functions of information systems. Resource: Ch. 1 (pp. 5–17) of Essentials of Management Information Systems Consider the following questions and provide substantive responses of at least 150 words per question. • What are the three dimensions of business problems? Provide examples of each. • What is the difference between IT and information systems? Describe some functions of information systems. Note:     •       Be sure to put you name, date and assignment on the paper •      Please avoid late penalty turn the work in on time...

Words: 283 - Pages: 2

Free Essay

Acc 260 Week 1 Checkpoint

...ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students...

Words: 349 - Pages: 2