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31 Jan 2019

"Impact of Financial Concepts"

Discuss ways that the basic concepts we have discussed in this chapter directly impact your life. Provide specific examples to support your response as to financial risk if you own a company and the economic crisis.

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Collen Von
Collen VonLv2
2 Feb 2019

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Distinguish between savings and investing (what's the difference, different types, what role can each play in your portfolio).- Discuss the importance of ethics when working with financial planning professions (you can do some of this yourself, but you may also wish to hire a professional).- Explain the concept of return on investment and identify what part it will plan in your financial plan.- Explain risk vs. reward related to your personal financial goals.- Describe how the cost/benefit analysis impacts your choices (discuss opportunity cost).- Explain how savings and investing are impacted by the time value of money.- Describe how interest rates impact time value of money calculation (use time value of money concepts and calculation to plan your savings and investing part of your financial planning goals, show examples with calculations)

Present Value (PV) and Future Value (FV) are crucial components in the everyday financial decision-making in the managerial environment. In a 2-3 page Word document please respond to the following:

· What is PV?

· What is FV?

· How is relevant to financial decision-making?

· How are these to concepts applicable to my current work environment?

· Provide examples of how they would be used in your current work environment including the impact they have on the financial decision-making.

Suggest two possible strategies to improve ethics codes within health care organizations. Provide specific examples to support your rationale. •Compare and contrast key factors that can increase the risk for bullying behavior in the workplace, specifically between physicians and nurses. Propose two methods to reduce common forms of bullying within the health care industry.

BOOK USED Basic Concepts of Health Care Human Resource Management by Nancy J. Miles; ISBN:978-1-4496-5329-3

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