First Question: What are some areas of supervision that a financial manager might be responsible for within a healthcare organization? Answer: Some areas of supervision for financial managers in healthcare organizations are as follows: Financial reporting and budgeting. Procurement of financing, their sources, and ensuring that the organization is legally authorized to procure such finance. Finding new opportunities and analyzing their prospects. Efficient use of available resources. Technological upgrades of medical equipment. Facilitating funds for medical research & development. Second Question: Why is it important for managers to recruit individuals who can work as a team? Answer: Recruiting individuals who can work as a team is important for managers because it ensures that they work better in an organization, hence become more productive. In addition, individuals who can work in a group try to manage the work efficiently and together and learn a lot from their team members. This also results in cost-saving for the manager in many ways, such as there is a chance that the team will stick together for a long time if treated well and help each other learn and gain more skills, therefore reducing training costs. Third Question: How do the above items aid an organization in becoming more successful?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Course: Principle of Healthcare Finances

First Question: What are some areas of supervision that a financial manager might be responsible for within a healthcare organization?

Answer: Some areas of supervision for financial managers in healthcare organizations are as follows:

Financial reporting and budgeting.
Procurement of financing, their sources, and ensuring that the organization is legally authorized to procure such finance.
Finding new opportunities and analyzing their prospects.
Efficient use of available resources.
Technological upgrades of medical equipment.
Facilitating funds for medical research & development.

Second Question: Why is it important for managers to recruit individuals who can work as a team?

Answer: Recruiting individuals who can work as a team is important for managers because it ensures that they work better in an organization, hence become more productive. In addition, individuals who can work in a group try to manage the work efficiently and together and learn a lot from their team members. This also results in cost-saving for the manager in many ways, such as there is a chance that the team will stick together for a long time if treated well and help each other learn and gain more skills, therefore reducing training costs.

Third Question: How do the above items aid an organization in becoming more successful?

***I Need Help Answering The Third question, the question relates to the first two questions and answers that are provided above***

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