Opportunity cost is the cost of an alternative that must be forgone in order to pursue a certain action. Put another way‚ the benefits you could have received by taking an alternative action. Opportunity cost can be defined as the value of the next best alternative forgone. It can be defined as the revenue or the profit that a person/organization would have been able to earn if it had exercised the alternative decision instead of the decision that has been made. Opportunity-cost has many practical
Premium Economics Costs Microeconomics
Why I chose CARE Organisation? I chose the CARE Organisation because I wanted to find out if any organisation is helping girls out there who are destroying their lives because of poverty‚ early marriage‚ and lack of education and getting pregnant young. This is important because in Malawi and other developing and poor countries around the world young girls become pregnant because they have less knowledge. Others start working at an early age because of poverty and get paid less because they are illiterate
Premium Pregnancy Woman Marriage
Argumentative Essay The World Health Organization reports that in new estimates released‚ in 2012 around 7 million people died -one in eight of total global deaths- as a result of air pollution (“7 million premature deaths annually linked to air pollution”). This estimates confirmed that contamination is now the world largest single environmental health risk. Reducing this could save millions of lives. One of the largest independent direct-action environmental organization in the world is Greenpeace
Premium Environmentalism United States Environmental Protection Agency
Running head: FINANCIAL MANAGEMENT OF HEALTH CARE ORGANIZATIONS Financial management of health care organizations Name: College: Date: Introduction Healthcare managers participate in various important roles that allow them to form and maintain flourishing organizations. Managers ought to be aware of the decisive elements of management and the generally accepted accounting principles. At the same time‚ they must realize‚ stick to‚ and put into effect the general financial ethical
Premium Finance Management Ethics
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
Premium Health care Finance Investment
One of the major purchases a health care organization would need to make would be information technology such as medical equipment. One examples of a piece of medical equipment that would be resourceful in a health care organization would a hemofiltration. This piece of equipment helps with the care of CHF patients. A few ways the health care organization could save money to afford this purchase is by thinking and researching ways to increase their incoming profits. One way would be by putting on
Premium Health care Medicine Health insurance
Healthcare Organization Amber Hull MHA612: Financial and Managerial Accounting Instructor: Stacy Hiles August 27‚ 2012 It has come to my attention that you have requested my advice on choosing a Health care Organization . In addition‚ you also need to decide on which form of health care organization Will work best for your group. There are four basics forms of health care organization. They Include: Not-for-profit‚ Business oriented organizations‚ For-profit health care Entities‚
Premium Non-profit organization Corporate tax Sole proprietorship
themselves planning for all kind of things so much so that a long-term road map for a health care organization is critically important when considering today’s health care system since it is not just complex but also is continually changing. In doing so‚ the administrators assure that they are working together towards the organization’s goals and objectives‚ as well to coordinate the resources of the organization. There are three important kinds of plans that an administrator uses to meet the organization’s
Premium Health care Management Medicine
Why do we have organizations? Organization implies that a group of individuals come together working‚ supporting a common goal. Everyone has a role and understands their responsibility in obtaining‚ achieving the goal. Why do we have organizations? Organizations are the foundation of our being. They give us structure on how to function in our day to day activities and help in achieving the completion of a common goal. They define our role & the importance of our talent/skill to succeed
Premium Management Group Sociology
IS IT NECESSARY TO HAVE A DEBUT? They say‚ when you reach the age of eighteen‚ you will be on the legal age. You are free to decide everything that you want; free to go on adults places and be who you wanted to be. It is also in this age that every teenagers long for. That is why; having a debut is one way of celebrating this occasion. But is it really necessary for us to have this? For my own perspective‚ having a debut on your legal day is something that is not necessary in our
Premium 2006 albums Debut albums Birthday