Ghandi Medical University Centre is engaged in full time teaching and medical research for a medical college, dental college, nursing college and other health related professions. It is attached to university which enrolls approximately 2,000 students. It has about 800 beds in medical, surgical and psychiatric wings. It is funded by state government. It is widely recognized as top institution in the provision of medical services in the state. However, the medical center faced consistent financial problems; especially the teaching is unable to break-even.

The state government has brought Dr. Rao, previously Director of a large private hospital by offering lucrative salary and perks. Lured by an excellent salary, favorable climate and the opportunity to test his abilities, Dr. Rao accepted the post of Director of the center.

In the post of Director, Dr. Rao holds control of administration of the teaching, hospital and the college of health related professions. He is accountable for both its management and its budget. While Dr. Rao enjoys free hand in the internal affairs of the university, all long range plans and budgets are approved by state legislature and university. The medical center is expected to obtain approval for major programs from both the university and state it is subject to their rules, regulations and priorities. While the state favors expenditure on health care, the university prefers a budget structure supporting teaching and research.



This being the external intricacies, Dr. Rao found that the teaching and health care personnel directly reporting to him have conflicting priorities. While the former group emphasizes teaching and research, latter stresses on health care. A sluggish bureaucracy entrenched in the organization, most of the important people respect it as it provides necessary resources. However, many individuals within the bureaucracy flap well-conceived plans because they lack initiative or have interest in the effective management of the institution.

In this back drop, Dr. Rao found Mr. Das was handling all procurements, a unique personality, he being a retired military person. While purchasing, he buys exactly what every physician orders with no regard to cost. Many of his purchases are dictated by state specifications. This frequently resulted in running out of budget allocation within eight or nine months, contributing to deficit. This forced the center to borrow supplies from local hospitals. Mr. Das, it seems neither made an attempt to change state specifications nor persuaded physician and teaching staff to order less expensive items of equal quality. However, he is not violating the rules, but discharging his duties perfectly with the bureaucracy. Dr. Rao recognized that he is not only an exception in the center.

Based on the above case answer the following questions

1. What are the specific problems of Dr. Rao? How do you eliminate them?

2. How could you redesign the organization? Construct a chart.

3. Dr. Rao is not strong believer of bureaucracy. As such what type of leadership styles are appropriative in this case?

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Answer:

if you work than you will do it

Recently, firms have emphasized agile compensation. The point of agile compensation is to spot and _______ good performance at the moment it occurs.
Multiple Choice
engage
reward
stop
recognize

Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the following actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $25 per share. October 15 Declared a $0.40 per share cash dividend. In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends? Multiple Choice O $90,000 O $20,000 O $60,000 O $40,000

Economic profit
a. is a theoretical measure of a firm’s performance and has little value in real world decision
making.
b. can be calculated by subtracting implicit costs of using owner-supplied resources from
the firm’s total revenue.
c. is negative when total costs exceed total revenues.
d. is generally larger than accounting profit.

Click _____ occurs when a person or software program automatically clicks on an ad without having any interest in the ad's subject.

Section 1. Incremental Revenues and Cost Savings Craig Jones, the owner of Jones' Hotels (20 mid-size properties) is considering to replace the property management system (PMS) used in his hotels. IT department has been in search for a while for a cost-effective and efficient PMS to increase sales revenue and reduce labor cost. Recently, they have recommended Craig Jones a new sytem, Ultra PMS. Craig and his management team must evaluate the feasibility of this project. Consistent with all previous technology investments, no salvage value is presumed from the disposition of the proposed PMS at the end of its economic life of 10 years. Below is a cost break down of the new PMS rollover accross 20 properties of the company, if the company management decides to invest in this project: One Time Costs Initial Investment Cost $ 3,425,450 Annual Recurring Costs (Incremental) Annual system maintenance and updates 78,296 Annual training and technical support 58,722Total Annual Recurring Costs 137,018The sales and reservation team predicts that annual room sales revenue can be increased by 6% (incremental revenue) if the Ultra PMS is acqui They predict that labor cost in the sales and reservations office can be reduced by 7.5% each year (labor cost savings). Below is the most recent forecasts for room sales revenue and labor cost in the sales and reseravations office:The sales and reservation team predicts that annual room sales revenue can be increased by 6% (incremental revenue) if the Ultra PMS is acquired. They predict that labor cost in the sales and reservations office can be reduced by 7.5% each year (labor cost savings). Below is the most recent forecasts for room sales revenue and labor cost in the sales and reseravations office: Year Forecasted Room Forecasted Labor Sales Revenue Cost in S&R Office2021 19,574,000.00 978,700.00 2022 19,965,480.00 998,274.00 2023 20,364,789.60 1,018,239.48 2024 20,772,085.39 1,038,604.27 2025 21,187,527.10 1,059,376.35 2026 21,611,277.64 1,080,563.88 2027 22,043,503.19 1,102,175.16 2028 22,484,373.26 1,124,218.66 2029 22,934,060.72 1,146,703.04 2030 23,392,741.94 1,169,637.10The goal of this analysis is to help Craig Jones decide whether the proposed PMS project is financially sound or not. To analyze whether the project is sound, you are required to complete a set of tasks provided below. You need to use the information provided and use Excel to complete all tasks. Please use the templates and space provided for your answers. Below are the required tasks to be completed: Required Tasks 1 Using the sales revenue and labor cost forecasts in the S&R office, calculate the incremental annual revenues and labor cost savings from the proposed PMS project. Please use the columns provided for your calculations. Current Sales Revneue and Labor Costs in the Sales and Reservations (S&R) Office Labor Cost Savings ? Year 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Forecasted Room Sales Revenue 19,574,000.00 19,965,480.00 20,364,789.60 20,772,085.39 21,187,527.10 21,611,277.64 22,043,503.19 22,484,373.26 22,934,060.72 23,392,741.94 Incremental Forecasted Labor Cost in S&R Office Project Revenue ? 978,700.00 ? 998,274.00 ? 1,018,239.48 ? 1,038,604.27 ? 1,059,376.35 ? 1,080,563.88 ? 1,102,175.16 ? 1,124,218.66 ? 1,146,703.04 ? 1,169,637.10 ? ? ? ? ? ? ? ? ?

Mega Inc. has 1,000 shares of common stock and 1,000 shares of preferred stock outstanding. The preferred stock has a cumulative dividend preference. Both classes of stock have a par value of $10. The preferred stock has a dividend rate of 6 percent. Mega failed to pay a dividend during the prior year. During the current year, the board of directors declares dividends totaling $2.000. Accordingly, the company will distribute dividends in the amount of:

Which of the following actions is unlikely to help make a company's branded footwear more competitive vis-a-vis the brands of rival firms? A) Increasing worker compensation to levels above the industry average in every geographic region where it has a production facility B) Increasing brand advertising expenditures in two or more geographic regions Increasing the company's mail-in rebate offer from $3 to $5 C) Boosting the number of models/styles available to buyers from 250 to 350 D) Reducing the prices the company charges for its branded footwear in both the Internet and Wholesale segments

Each month, an American household generates an average of 28 pounds of newspaper for garbage and/or recycling. Assume this is approximately normally distributed and that the standard deviation is 2 pounds. If a household is selected at random, find the probability of it generating between 27–31 pounds per month.

Read the following scenario:
- You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. •
Is this a governmental or not-for-profit organization (NFPO)?

a five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. interest is paid semiannually. the bond's price is a five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. interest is paid semiannually. the bond's price is $1785.35. $1162.22. $852.80. $1081.78. $864.65.

Don is an accountant in the Finance department. For the last several months, he has been testing an online accounting program. After speaking with his manager, Don receives permission to download a streamlined version of the software, which requires a local installation. Don downloads the application and tries to install it, but the operating system will not allow him to. Out of frustration, he calls the help desk. The help desk sends a technician to Don's machine while Don is out to lunch. The technician installs the application without issue.
Which of the following is the most likely reason Don could not install the application?Insufficient Permissions

Jenny sells two types of milk, whole milk and organic whole milk, and 20 different types of snack foods. Based on this information, demand for whole milk will be more price inelastic or elastic than demand for potato chips, because whole milk: A. has a broader market definition
B. is a luxury food
C. is a necessity good
D. has fewer substitutes

If for a given individual, between a wage rate of $30 and $35 the ____________________ effect outweighs the ________________ effect, the individual's supply curve of labor curve between those two wages will be _________________.
income; substitute; downward sloping

T/F In the past it was common for the marketing function and PR function to be handled by different departments in a firm.