After earning your business degree, you are hired as a hospital administrator at a small hospital....
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After earning your business degree, you are hired as a hospital administrator at a small hospital. Having studied finance, you know that efficient cash management is important to all firms in all industries to meet the đay-by-day operations. One way to ensure such efficiency is to use a carefully planned and managed inventory control system that reduces the amount of cash an organization has tied up in inventory. You know that just-in-time inventory is a proven system that helps reduce the costs of managing inventory. At a meeting of the hospital's executive committee, you recommend the hospital save money by using a just-in-time inventory system to manage its drug supply. You suggest discontinuing the hospital's large stockpile of expensive cancer treatment drugs that tie up a great deal of the hospital's cash, and order them only when they are needed. Several board members like the idea, but the doctors in charge of the hospital's cancer center are outraged, claiming you are sacrificing patients' well-being for cash flow. After debate, the committee says the decision is up to you. What will you do? What could result from your decision? Take a look at Making Ethical Decisions on page 471. As it says, the decision about the inventory for cancer treatment drugs is on you. 1. What will you decide? 2. What could result from your decision? 3. On what will you base your decision? For your initial post, answer each of these questions, numbering them as you see here. Your answer for question 1 is likely to be one sentence, but for 2 and 3, I would expect at least 4 sentences each. After earning your business degree, you are hired as a hospital administrator at a small hospital. Having studied finance, you know that efficient cash management is important to all firms in all industries to meet the đay-by-day operations. One way to ensure such efficiency is to use a carefully planned and managed inventory control system that reduces the amount of cash an organization has tied up in inventory. You know that just-in-time inventory is a proven system that helps reduce the costs of managing inventory. At a meeting of the hospital's executive committee, you recommend the hospital save money by using a just-in-time inventory system to manage its drug supply. You suggest discontinuing the hospital's large stockpile of expensive cancer treatment drugs that tie up a great deal of the hospital's cash, and order them only when they are needed. Several board members like the idea, but the doctors in charge of the hospital's cancer center are outraged, claiming you are sacrificing patients' well-being for cash flow. After debate, the committee says the decision is up to you. What will you do? What could result from your decision? Take a look at Making Ethical Decisions on page 471. As it says, the decision about the inventory for cancer treatment drugs is on you. 1. What will you decide? 2. What could result from your decision? 3. On what will you base your decision? For your initial post, answer each of these questions, numbering them as you see here. Your answer for question 1 is likely to be one sentence, but for 2 and 3, I would expect at least 4 sentences each.
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
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