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There are a number of options that can be used to respond to this situation. Since it is clear the organization will overspend when buying the new computers, then actions plans ought to be implemented to cut down on other costs.
One of the options that can be used in this situation relates to staff forecasting (Baker and Baker, 2014). The organization can cut down on the number of staff in order to cut down on costs that would otherwise be spent in purchasing the computers. Since planning for the computers is ongoing, them planning should also be going on to cut down on the staff. This option has its own ramifications. Reduced number of staff will definitely elevate stress levels and burn out and this translates to poor services. Poor services means that patients will also be dissatisfied. Dissatisfied patients in many cases will opt to seek care in other facilities hence leading to decreased revenue for the facility. Expense forecasting as cited by the media can be used to identify the availability of resources (Laureate Education Inc, 2012).Identifying available resources within the organization can help spot resource that can be pulled and be used for other purposes. The second option that can be used in this case scenario therefore is to pull resources meant for other purposes within the institution to cover for deficit outlined in the new expense report. This can also have negative effects on the quality of services and patient satisfaction. The pulled funds may have been intended for quality improvement and hence pulling them will mean that they initially intended purpose will not be achieved. The third option would be to push the extra expenses to the next budget such that the department operates on a deficit the coming year. This might also affect the delivery of services due to insufficient funds but the effects can be
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Environment comprises of both biotic and non-biotic issues that have control on organisms (Anil, 27). Non-biotic factors like light, heat, water, and distinctive gases merge with biotic factors (all adjacent living genuses). Environment habitually changes over time and therefore, numerous organisms have the aptitude to acclimatize to these changes.
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Use of Real Options Theory in Financial Management/Modeling
It goes further to identify the activities that facilitated my understanding of the real options theory and other practical application matters connected to the real option theory. The Need for the Real Options Theory The Real Options Theory is a finance theory that is increasingly being used by top-level management and people charged with the governance of businesses to take good financial decisions.
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The wholesaler is assumed to own his own warehouse. A new order is sent to the producer in a measured periodically. The main aim of this specific case is taken to be the exact ordering strategy for the wholesalers and the
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