Imagine you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby, the community is unaware. Assess the costs involved in cleaning up the water immediately (confessing) versus hiding the fact and possibly paying more in the future. Discuss the impact on profitability in both situations.

Medical Staff Performance” Please respond to the following:

Should you observe a member of a medical staff conducting illegal or unethical practices, describe the steps that you would take to bring this conduct to the proper authorities. Then, assume you were the chief administrator of a medical firm. Determine who would be the proper authority. Provide your rationale.

Peer review is generally the way that medical facilities assess medical staff performance. Create an alternative method for performance reviews that would not rely upon peer involvement.

DQ#2

“Emergency Situations” Please respond to the following:

If you were a medical professional and came across an individual needing immediate aid, determine how the Good Samaritan Law might affect your willingness to assist. Then discuss an actual case where the law did not apply to the “hero.”

You just received a patient in the emergency room for a broken leg which requires immediate surgery. Your hospital is able to provide the surgical services required. However, the patient is refusing care and requesting to be transferred to another hospital for the same services. Explain the course of action that the hospital should take to meet the standards of the Emergency Medical Treatment and Active Labor Act (EMTALA).

ECO 550

DQ#1

“Applications of Cost Theory” Please respond to the following:

Imagine you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby, the community is unaware. Assess the costs involved in cleaning up the water immediately (confessing) versus hiding the fact and possibly paying more in the future. Discuss the impact on profitability in both situations.

From the first e-Activity, assess the factors involved in conducting a break-even analysis. Determine the conditions that may exist for a manager of this good or service may decide to move forward with operations even with the initial costs of operations is more than the potential revenue.

DQ#2

“Prices, Output and Strategy” Please respond to the following:

Pick a good or service you are familiar. Speculate how the price for that good or service may have been set and how well this price maximizes profit for the company and determine what shifts the company should made in its pricing strategy.  Provide support for your recommendations.

From the second e-Activity, discuss how the company you selected should increase its competitive stance in the marketplace and how management would implement the recommendations. Provide specific examples to support your response.

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