HCM Week 3 Analysis Questions_ Tuesday
.docx
keyboard_arrow_up
School
Temple University *
*We aren’t endorsed by this school
Course
4596
Subject
Management
Date
Apr 3, 2024
Type
docx
Pages
1
Uploaded by destiniifaith
Destini Harper
Analysis Questions Week 3: Tuesday
Professor Hatch Healthcare Quality and Risk Management 26 January 2024
Analysis Questions Week 3: Tuesday
1.
Risk example from last week: Data breach of the personal and billing information of patients from a specific hospital was involved in a data leak. Patients are upset and concerned about the safety and security of their information Lehigh Valley Health Network was involved in a data breach in January of 2023, which involved the attack on the IT software of the medical establishment. The hackers acquired personal information
of patients like their names, phone numbers, addresses, medical records, health insurance information, social security numbers, etc. a.
New risk: data breach affects the operations department of the organization, so its a larger issue than originally intended. The risk is a correlated risk. 2.
What else does your CEO need to assure MEH staff adopts the practices prescribed by the law?
a.
The CEO needs to assure that MEH staff knows and understands the rules set by the patient safety officer and are aware of the members of the patient safety committee.
3.
Describe the first phase of achieving significant change, such as the introduction of a new electronic medical record system?
a.
The first step in achieving significant change is to propertly outline the new processes and procedures that need to be executed by your IT staff, patients, and physician team. In addition to this, the CEO needs to make sure the MEH staff is educated and understands the legal standards set within the patient safety plan. Also adequate discipline for those who don’t follow the regulations. Proper training for all staff who will be using or working closely with the new medical record system to decrease the risk of error on the employee end.
4.
How would you address staff resistance to such a change? a.
I would address staff resistance to the change by first receiving input from staff before the change is made, to gauge where everyone’s head is at in terms of the change. I would try to come to an agreement with my employees, placing emphasis on the benefits of the change, their role and importance within the change and why its happening. This would be in an attempt to get more of the resisting staff on board with the new change. Lastly, proper training and information sessions will be provided to employees to give more information to possibly change their feelings about resisting the change. 5.
Tell me about a writer you like and why?
a.
A writer that I have recently grown interest in is Colleen Hoover. I love her writing
style in her books, as some of the stories include a dual-person POV rather than just one person. Her books cover real-life topics through the lens of characters set in the books. Many books exaggerate realistic events and dramatacize them to fit the plot of the book, and personally it makes the story unrelatable for me.
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Research topic: The study of customers’ behavior towards online shopping as opposed to in-store at a Supermarket.
The Problem: would there be a problem conducting such research topic? If so, what are the possible problems?
arrow_forward
week 5In this discussion thread, we will safety and security in hotels.As most of you been doing so far, be sure to post elaborately and include research where appropriate. Remember that solid and elaborate posts will get you closer to full credit in the threaded discussions.Given the need for heighten security, how can hotels ensure their guests that they are safe in their hotels? Do you see any section of a hotel that is vulnerable to unsafe activity?diss 2Class,In this discussion thread, we will talk about TQM. Be sure to read about TQM in our textbook so you understand what it is all about. Then, we will develop a discussion.As most of you been doing so far, be sure to post elaborately and include research where appropriate. Remember that solid and elaborate posts will get you closer to full credit in the threaded discussions.As a hotel general manager how can you promote TQM within your hotel staff? Do you believe that TQM is a valuable management option to use in the hotel…
arrow_forward
Question One
Discuss the risk management process according to Harrington and Niehans (2003)
Question Two
Avoidance is a risk control technique that can be used to effectively in a risk management program,
a)
What is the major advantage of using this technique as a risk control measure
0 I
Is it possible or practical for a firm to avoid all potential losses? Explain your
answer
Question Three
Discuss the major type of pure risk which is associated with great financial risk
Question Four
Certain requirement ideally should be fulfilled before a pure risk can be privately insured. Explain
the six requirement of an insurable risk
Question Five
Explain each of the following characteristics of a typical insurance plan.
b)
C)
Pooling of losses
Payment of fortuitous losses
Risk transfer
Indemnification
arrow_forward
help me question 1 iii), vi), v), iv)
arrow_forward
What would be a good justification/rationale for choosing
Topic: The impact of working in the hotel industry during Covid-19
Research Question: How has covid-19 affected the day-to-day operations and productivity as it relates to face-to-face and remote working at the hotel, and the lives of the employees. What is life like during and post pandemic?
arrow_forward
10. CASE SYNOPSIS
As 2019 ended, the founder and chief executive officer (CEO) of this
Cosmetic Company had overseen phenomenal growth during the
firm's five years of operation. However, the company was about to
encounter a series of issues as a result of the global COVID-19
pandemic that resulted in lockdowns, stay-at-home orders, and
closures of non-essential businesses around the world. This
company, likemany other companies, suffered a severe decline in
revenue. How could this company overcome the uncertainty and
challenges that accompanied the pandemic?
Construct Strategically sound decision during a crisis that involves severe resource
constraints.
arrow_forward
Help
arrow_forward
Question
A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for its New Year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company.
explain what FMCG company seeks for and following for above mentioned firm, with reason/limitations specified for the FMCG company.
Discuss the techniques of forecasting that will be used by the company for its existing and new products.
Explain specific type and reason for using those techniques. Also identify the limitations of these techniques.
Use word/Excel
arrow_forward
Question No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives.
Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems?
Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks;
TaskTime (min)Immediate predecessor
A4-
B7-
C6A, B
D5C
E6D
F7E
G8E
I6F, G
Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…
arrow_forward
Topic: Management information systems
Please read and answer throughly beening a operational manager of the Marketing department
The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers and amounts due.…
arrow_forward
Question: What should have been done by the government to address this problem?
arrow_forward
A sheriff applies for the a reward offered by a bank to anyone who catches a bank robber. If the sheriff apprehends a bank robber will he be able to collect the reward?
Question 12 options:
A)
Probably, if he was off duty at the time he caught the robber,
B)
If he was on duty at that time...probably not.
C)
Yes it was an open offer.
D)
No, the bank's statement was only an invitation to negotiate
E)
A and B
arrow_forward
Suggested scenario for the question:
Your company, a Real Estate agency (SUNNYHOMES) with 3 existing offices in the Costa and 1new opening in the forecast, is struggling with its existing sales and sales staff and, as a result, the competition is gaining market share atyour expense.
You, as a Sales Director assistant, after a face-to-face meeting with your Director, gather the following information regarding the current sales situation:
The company is struggling with the low income of the business in the coast of Spain (Costa del Sol, Spain)
The company has 3 offices (Marbella, Puerto Banús and Estepona) with 1 sales director per office plus at least 6 salespeople per office (3 for asset acquisition and 3 for sales) plus a secretary.
The new marketing manager is generating leads but the salespeople at the offices are not managing the leads correctly
The staff is always complaining about the low quality of the leads provided by the Marketing department
The staff is struggling to handle…
arrow_forward
Q1. What are the elements of good forecasting?
Note:
Write only the questions:
arrow_forward
4. (Scenario Based Question) Your response to Dolly's Phone Call & "Hello love, my
name is Dolly Parsons and I am having problems looking at my account details on this
Monzo button app thing on my mobile telephone handset. I really need access to my
pension so I can go shopping for groceries. Gosh I really miss the days of visiting a
bank and speaking to a person and drawing out my money. (**anxious**) Please help
me, I have been trying for 30 mins and I can't open it up and the shops will be closing
soon. My grandson has set me up an email address on my new computer, which I
have written down - dollyparson45@gmail.co.uk Please help me!"
(Write your response to the customer as if you were a COp at Monzo who had just
picked up a call from Dolly, for example "Hi Dolly...")
See all of the information you need to write your answer to this question here
arrow_forward
Question content area
Part 1
The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks:
Mon
Tue
Wed
Thu
Fri
Sat
Week 1
210
178
250
215
160
180
Week 2
215
180
250
213
165
185
Week 3
220
176
260
220
175
190
Week 4
225
178
260
225
176
190
Part 2
a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places).
Part 3
b) Let x
=1 for Monday of Week 1. If the trend equation for this problem is:
y
=201.74
+0.18x,
the forecast for each day of week 5 is (round your responses to the nearest whole number):
arrow_forward
Directions: Given the excerpt from a research conducted by Herrero (2018), analyze the research instrument used based on the
following criteria.
NUMERACY INVENTORY DEVICE (NID): BASIS FOR CRAFTING STRATEGIC INTERVENTION MATERIALS (SIM) IN MATHEMATICS
Rico A. Herrero
Research Instrument
In order for the researcher to gather necessary data, the researcher devised a tool called the Numeracy Inventory Device (NID) which measured the students'
numeracy skills. This was composed of 80 items test which underwent validation by the mathematics experts such as master teachers, head teachers, etc. Moreover, in
order to establish not only the validity of the device but also the reliability, sophisticated item analysis was also conducted. Out of these 80 items, 50 good questions were
retained and became part of the device. The questions covered the following areas: Whole Numbers, Signed Numbers, Fractions, Decimals, and Percentages.
After establishing the device's validity and reliability, the…
arrow_forward
Period (t)
Enrollment (1000s)
1
6.5
2
8.1
3
8.4
4
10.2
5
12.5
6
13.3
7
13.7
8
17.2
9
18.1
Develop a linear regression with a dependent variable of “Enrollment (1000s).
A.What is the value of R square? (Make sure two decimal places.)
B.What is the value of intercept? (Make sure two decimal places.)
C.What is the coefficient value of Period (t)? (Make sure two decimal places.)
D.Is the coefficient of Period (t) significant? (Yes:1, No: 0)
E.What is the forecast for year 10?
arrow_forward
QUESTION 5
Choose the answer with the best match. Elements of a Good Forecast, Meaningful:
The benefits should outweigh the costs
It should work consistently
The degree of accuracy of the forecast should be stated
The forecasting horizon must cover the time necessary to implement possible changes so that its results can be used
The units measured should be useful to those using the forecast
QUESTION 6
There are two main approaches to forecasting. Choose the best two:
Quantitative, Consumer
Judgmental, Quantitative
Sales force, Judgmental
Historical, Consumer
Expert, Executive
QUESTION 7
Describe the following: Andon
Maintaining equipment in good condition
Maintaining a workplace that is clean
System for moving work to the next station as it is completed
System of lights used at each workstation to…
arrow_forward
Part C
arrow_forward
5) We offered 50% of our drivers monetary bonuses to increase their activity. Compare the results with the control group and explain if the campaign was successful and should we do it again or not.
Condition: Stay online 30 hours and accept 75% of rides. Get 70€ bonus.
Control Group
Online hours
Offline hours
Bookings received
Bookings successfully completed
Bonus Group
Online hours
Offline hours
Bookings received
Bookings successfully completed
Write here your answer about the results of the campaign
Driver 1
15
35
15
13
Driver 55
33
19
29
25
Driver 2
29
21
30
Driver 56
5
55
6
6
Driver 3
17
23
12
10
Driver 57
32
8
19
16
Driver 4
31
19
31
26
Driver 58
32
18
29
26
Driver 5
36
24
44
24
Driver 59
38
22
20
17
Driver 6
14
26
10
12
Driver 60
17
23
10
9
Driver 7
5
40
5
4
Driver 61
4
46
3
3
Driver…
arrow_forward
Topic: ProbabilityGoal: In your business planning, you will employ mathematics probability to increase your chances of success.You play the role of a tiny business owner who wants to expand into a much larger enterprise. You must write a written report and deliver it to the group on the most likely outcome(s) of the business you wish to start.The target audience is a group of small company owners who could be interested in partnering with you.
Product: A written report on the business's likely results that will be given to the group.
Success Criteria: The written report that will be provided must be...
- Represents genuine business problems or patterns. - Persuasive, based on probability mathematics.
arrow_forward
5. (Scenario Based Question) Your response to Simeon's phonecall: Hello, I need to
speak to a manager now! Netflix has taken money out of my account when I cancelled
the subscription ages ago. They have still charged me for their services. This has left
me with no money. This is fraud! I need this money refunded straight away otherwise I
will not be able to afford groceries for my kids this week. Please refund this money
now!
*
(Write your response to the customer as if you were a COP at Monzo talking to
Simeon, for example "Hi Simeon....". Show us your empathy and analytical problem
solving skills, and how by being customer centric you'd help get the customer to a
logical solution in this scenario
arrow_forward
Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88, 90
(yesterday).
a) Forecast the high temperature today, using a 3-day moving average.
b) Forecast the high temperature today, using a 2-day moving average.
c) Calculate the mean absolute deviation based on a 2-day moving average.
d) Compute the mean squared error for the 2-day moving average
e) Calculate the mean absolute percent error for the 2-day moving average.
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON
Related Questions
- Research topic: The study of customers’ behavior towards online shopping as opposed to in-store at a Supermarket. The Problem: would there be a problem conducting such research topic? If so, what are the possible problems?arrow_forwardweek 5In this discussion thread, we will safety and security in hotels.As most of you been doing so far, be sure to post elaborately and include research where appropriate. Remember that solid and elaborate posts will get you closer to full credit in the threaded discussions.Given the need for heighten security, how can hotels ensure their guests that they are safe in their hotels? Do you see any section of a hotel that is vulnerable to unsafe activity?diss 2Class,In this discussion thread, we will talk about TQM. Be sure to read about TQM in our textbook so you understand what it is all about. Then, we will develop a discussion.As most of you been doing so far, be sure to post elaborately and include research where appropriate. Remember that solid and elaborate posts will get you closer to full credit in the threaded discussions.As a hotel general manager how can you promote TQM within your hotel staff? Do you believe that TQM is a valuable management option to use in the hotel…arrow_forwardQuestion One Discuss the risk management process according to Harrington and Niehans (2003) Question Two Avoidance is a risk control technique that can be used to effectively in a risk management program, a) What is the major advantage of using this technique as a risk control measure 0 I Is it possible or practical for a firm to avoid all potential losses? Explain your answer Question Three Discuss the major type of pure risk which is associated with great financial risk Question Four Certain requirement ideally should be fulfilled before a pure risk can be privately insured. Explain the six requirement of an insurable risk Question Five Explain each of the following characteristics of a typical insurance plan. b) C) Pooling of losses Payment of fortuitous losses Risk transfer Indemnificationarrow_forward
- help me question 1 iii), vi), v), iv)arrow_forwardWhat would be a good justification/rationale for choosing Topic: The impact of working in the hotel industry during Covid-19 Research Question: How has covid-19 affected the day-to-day operations and productivity as it relates to face-to-face and remote working at the hotel, and the lives of the employees. What is life like during and post pandemic?arrow_forward10. CASE SYNOPSIS As 2019 ended, the founder and chief executive officer (CEO) of this Cosmetic Company had overseen phenomenal growth during the firm's five years of operation. However, the company was about to encounter a series of issues as a result of the global COVID-19 pandemic that resulted in lockdowns, stay-at-home orders, and closures of non-essential businesses around the world. This company, likemany other companies, suffered a severe decline in revenue. How could this company overcome the uncertainty and challenges that accompanied the pandemic? Construct Strategically sound decision during a crisis that involves severe resource constraints.arrow_forward
- Helparrow_forwardQuestion A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for its New Year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company. explain what FMCG company seeks for and following for above mentioned firm, with reason/limitations specified for the FMCG company. Discuss the techniques of forecasting that will be used by the company for its existing and new products. Explain specific type and reason for using those techniques. Also identify the limitations of these techniques. Use word/Excelarrow_forwardQuestion No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives. Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems? Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks; TaskTime (min)Immediate predecessor A4- B7- C6A, B D5C E6D F7E G8E I6F, G Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…arrow_forward
- Topic: Management information systems Please read and answer throughly beening a operational manager of the Marketing department The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers and amounts due.…arrow_forwardQuestion: What should have been done by the government to address this problem?arrow_forwardA sheriff applies for the a reward offered by a bank to anyone who catches a bank robber. If the sheriff apprehends a bank robber will he be able to collect the reward? Question 12 options: A) Probably, if he was off duty at the time he caught the robber, B) If he was on duty at that time...probably not. C) Yes it was an open offer. D) No, the bank's statement was only an invitation to negotiate E) A and Barrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON