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You are the CFO of a 400-bed hospital in Texas and having trouble with your bottom line and staying within budget. As part of your continued efforts to train your department directors/ supervisors and board on understanding cost and how it is used in the decision process, you have set up classes to explain major concepts of cost. You will address the following areas in your presentation of 4-6 slides not including title and reference slides and with 150-200 word speaker notes:
1. Explain the concept of management control and how budgeting is used as part of it.
2. Describe the concept of zero-base budgeting.
3. Explain how benchmarking is performed at the department level.
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St. Johns River Shipyard's welding machine is 15 years old, fully depreciated, and has no salvage value. However, even though it is old, it is still functional as originally designed and can be used for quite a while longer. The applicable corporate ..
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Define Value Based Competition using the articles by Porter and the text book.
Write a 2 page communications and change plan:
Describe your lifestyle. How does it differ from your parents' lifestyle? Do you anticipate any changes in your lifestyle in the next five years?
Eliminate or reduce non-value-added work is a core step in improving profitability or efficiency of the business process.
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