Business problem sets, health and medical assignment help

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Few questions on chapter 21, 22 and 23 from the book financial management for nurse managers and executives fourth edition

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Problem Set 7 CHAPTER 21 1.What items can be forecast? 2.What are the basic steps in forecasting? 3.To what extent is forecasting a mechanical process? 4.Are forecasting techniques sufficiently sophisticated so that there is no need to attempt to verify their accuracy? Explain. 5.What is the primary limitation of regression analysis in forecasting? 6.What is the likelihood of forecasts generating perfect predictions? 7.When no objective historical information is available, what approaches exist for forecasting? 8.In developing an expected value table, how likely is it that the project will achieve the expected value calculated? CHAPTER 22 1. What are the legal issues that a nurse faces when developing a new business? 2. Developing a business plan requires understanding the "business.” What does this mean? 3. Discuss the factors that should be included in a sensitivity analysis of a new home health agency. CHAPTER 23 1. How can nursing research help the nurse manager? Give three examples of specific areas of research that the nurse manager can use. 2. What are the major current issues in financial management in nursing? 3. Discuss the pros and cons of the mid-level nurse manager being more involved in financial management.
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Outline


Surname 1

First Second Name
Course
Date
Problem Set 7
CHAPTER 21
1.
 Patients’ volume
 Consumption of resources (for a given unit in hospital) i.e. demand
 Workforce variability
 Occurrences of epidemics
2.
 Problem definition
 Gathering information
 Preliminary (exploratory) analysis
 Choosing and fitting models
 Using and evaluating a forecasting model
3.
Forecasting is mechanical as far as the gathering of data, and majorly the use of both the
qualitative and quantitative forecasting techniques. In this case, the entry of data, the
assessment, preparation of reports, coordination of staff among other mechanically
undertaken activities.

Surname 2
4.
No.
The techniques might be sophisticated but are not fully immune to inaccuracies. In...


Anonymous
Really useful study material!

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