This assignment builds on the Risk Management Program Analysis Part One assignment you completed in Topic 1 of this course.

Assume that the example risk management program you analyzed in Topic 1 was developed by and is now currently implemented by your health care employer/organization. Further assume that your supervisor has asked you to present a high-level summary brief of this new risk management program to a group of administrative personnel from a newly created community health organization in your state who has enlisted your organization’s assistance in developing their own risk management policies and procedures.

Compose a 1,250-1,500 word summary brief that expands upon the elements you addressed in the Risk Management Program Analysis Part One assignment. In addition, analyze the following:

1. Explain the Joint Commission’s role in the evaluation of an organization’s quality management processes.
2. Describe the roles that different levels of administrative personnel play in establishing or sustaining operational policies that are focused on employer-employee organizational risk management policies.
3. Explain the relationship of risk management programs and compliance with ethical standards.

In addition to your textbook, you are required to support your analysis with a minimum of three peer-reviewed references.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.

Submit assignment as a Word document with double spacing, 12-point Times New Roman font, and one-inch margins. 

https://cancercontrol.cancer.gov/sites/default/files/2020-06/theory.pdf

With the knowledge you have gleaned from the reading, address the following in a 2- to 3-paragraph journal assignment:

• Why is the knowledge of genetics important to understanding disease?
• Why is it important for public health professionals to know about genetics?
• Select one type of genetic testing that is available today. Discuss how this type of testing can impact disease.

Be sure to support your response with relevant resources

BUSN 278 Budgeting and Forecasting

 

 

BUSN 278 Final Exam

 

1. (TCO 1) A common starting point in the budgeting process is _____. (Points : 5)

2. (TCO 2) “Groupthink” is a primary disadvantage of which qualitative forecasting method? (Points : 5)

3. (TCO 3) Which of the following is not an example of a seasonal variation? (Points : 5)

4. (TCO 4) Which of the following statements regarding the risk associated with R & D activities is incorrect? (Points : 5)

5. (TCO 5) Program budgeting does not include _____.(Points : 5)

6. (TCO 6) The payback period technique _____.(Points : 5)

7. (TCO 6) The profitability index is computed by dividing the _____.  (Points : 5)

8. (TCO 6) A company projects annual cash inflows of $90,000 each year for the next 5 years if it invests $450,000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $150,000. What is the accounting rate of return on this investment? (Points : 5)

9. (TCO 6) If an asset costs $210,000 and is expected to have a $30,000 salvage value at the end of its 10-year life, and generates annual net cash inflows of $30,000 each year, the payback period is _____. (Points : 5)

10. (TCO 6) Selma Inc. is comparing several alternative capital budgeting projects as shown below.

11. (TCO 6) Cleaners, Inc. is considering purchasing equipment costing $30,000 with a 6-year useful life. The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. What is the approximate net present value of this investment? (Points : 5)

12. (TCO 7) Which of the following is not an operating budget? (Points : 5)

13. (TCO 7) If the required materials to be purchased are 18,000 pounds, the production needs are three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds? (Points : 5)

14. (TCO 8) Which of the following is not a cause of profit variance? (Points : 5)

15. (TCO 9) A static budget is appropriate in evaluating a manager’s performance if _____.(Points : 5)

16. (TCO 9) If costs are not responsive to changes in activity level, how are they best described? (Points : 5)

17. (TCO 9) At the high level of activity in November, 7,000 machine hours were run and power costs were $12,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, what is the estimated fixed cost element of power costs? (Points : 5)

18. (TCO 10) What is the method used to determine whether the budgeting process is operating effectively? (Points : 5)

1. (TCO 7) At Lakeside Manufacturing, budgets are the responsibility of everyone. Each department collaborates in determining its expected needs, and sales personnel determine the likely sales volume. Al Talbott, one of the production managers, believes in building plenty of slack into everything, including his estimates of ending inventory of work in process. As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible. (Points : 20)

2. (TCO 9) Understanding how costs behave can help managers plan operations and choose between various courses of action.  
Part (a): Identify and describe the three types of cost behavior, including examples of each.  
Part (b): As a manager, which cost behavior would you prefer and why? (Points : 20)

3. (TCO 6) Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a useful life of 8 years with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, annual net income and cash inflows are expected to be $25,000 and $65,000, respectively. Yappy requires a 10% return on all new investments.
4. (TCO 7) Farris Co.’s projected sales are as follows.

Farris estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. How much are Farris Co.’s budgeted cash receipts for October? (Points : 30)

6. (TCO 9) Herbart Company gathered the following information on power costs and factory machine usage for the last 6 months.

 

We will explore here about Just-in-time (JIT) systems. Identify the characteristics of JIT systems that enable the realization of JIT philosophy. Also, provide details on how JIT could support the continuous improvement of operations.

First Post: Enter your original response to this question. Support your response with evidence from the readings or other resources. It is not necessary to provide formal citations, but you should give the sources of your information.

Subsequent Posts: Respond to at least two of your classmates’ discussion posts. Further the discussion and make it interesting. Support your response with evidence and provide your sources, at least informally. 

*Must respond to 2 classmate’s response to this post after completion. Price is already included.