Why is there a need for organizations to appraise their staff? Why is the traditional appraisal procedure not effective?
With few exceptions, a number of organizations tend to use pay as compensation rather than as an incentive. Explain.
Socialisation is said to be efficient and effective and a way of binding people into the organization. How can this be problematic?
Answers
Organizations have a need to appraise their staff because it provides a mechanism to identify the effectiveness of the staff and to improve their performance. It enables the management to identify the weak links and take the necessary corrective measures to boost employee productivity.
1. The need for staff appraisal in organizations:
Staff appraisal is necessary for several reasons:
Performance evaluation: Appraisals provide a systematic way to assess employee performance, identify strengths and areas for improvement, and provide feedback for development and growth.Goal alignment: Appraisals help align individual goals with organizational objectives, ensuring that employees' efforts are directed toward achieving the organization's strategic targets.Decision-making: Appraisals provide valuable information for making decisions related to promotions, salary adjustments, training and development needs, and succession planning.Feedback and communication: Regular appraisal discussions facilitate open and constructive feedback between managers and employees, fostering communication and transparency.2. Ineffectiveness of traditional appraisal procedures:
Traditional appraisal procedures often suffer from several limitations, which reduce their effectiveness:
Subjectivity: Traditional appraisals rely heavily on subjective judgments, leading to bias and inconsistency in evaluations. This can result in unfair assessments and demotivate employees.Lack of clarity and feedback: Traditional procedures often lack clear performance criteria and fail to provide timely and constructive feedback to employees. This hinders their ability to understand expectations and improve performance.Focus on past performance: Traditional appraisals tend to focus solely on past performance, missing opportunities to develop and enhance future potential.Inflexibility: Traditional procedures often follow rigid annual review cycles, limiting the ability to address ongoing performance issues and adapt to changing circumstances.3. Pay as compensation rather than an incentive:
Many organizations predominantly use pay as compensation rather than an incentive due to several factors:
Limited resources: Organizations may have limited financial resources to provide substantial monetary incentives, leading them to rely more on base salaries as a form of compensation.Equal treatment: Organizations aim to treat employees fairly and equally, using standardized compensation structures based on job roles and market benchmarks.Retention and stability: Providing competitive base salaries ensures employee retention and stability within the organization, reducing turnover and maintaining a skilled workforce.Performance uncertainty: Some organizations may have difficulty objectively measuring individual performance and linking it directly to financial incentives, leading them to rely more on fixed compensation.While pay can play a role in motivating employees, relying solely on compensation without incorporating other incentive mechanisms, such as recognition, career development opportunities, and non-monetary rewards, may limit the effectiveness of motivating employees to go beyond their basic job requirements.
4. Problematic aspects of socialization in organizations:
While socialization is generally considered efficient and effective in binding people into the organization, it can also pose challenges:
Groupthink: Socialization can create conformity and discourage critical thinking or questioning of established norms and practices. This can stifle innovation and impede change.Resistance to diversity: Strong socialization can lead to a homogeneous organizational culture, making it challenging for diverse perspectives and ideas to emerge and be accepted.Lack of adaptability: Overreliance on socialization can create resistance to change and hinder the organization's ability to adapt to new challenges and opportunities.Ingroup-outgroup dynamics: Intense socialization can create strong in-group dynamics, fostering a sense of exclusivity and potential exclusion or marginalization of individuals who do not conform to the dominant culture.Organizations need to strike a balance between socialization and encouraging diversity, flexibility, and continuous learning to promote a dynamic and inclusive work environment. It needs to use a more effective approach that takes into account the needs of the staff members.
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Related Questions
Does the Way Your Classroom Is Decorated Affect Your Learning?
Answers
differences between departmental stores and chain stores
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Answer:
Chain stores and department stores are two distinct ideas. Department stores have a long history of providing a wide range of products for retail sale, whereas chain shops are retail establishments with the same name and management in numerous locations. Contrary to popular belief, not all department shops are part of a chain. There are numerous chains that aren't thought of as department stores, including eateries and speciality shops. One of the most well-known chained department shops is Macy's, located on Herald Square in New York City.
A department store is often a sizable retail space that provides a wide range of products divided into distinct sections. Retail establishments that are part of a chain share a brand and centralised management. They frequently include standardised corporate procedures.
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Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but files a suit against the firm, alleging that its products are defective. The defendant’s best ground for dismissal of the suit is that the plaintiff does not have:.
Answers
The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.
What is standing to sue?Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.
In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.
Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.
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in which section of the swot analysis would you analyze the features your competitors offer that you cannot compete with?
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An evaluation of strengths, weaknesses, opportunities, and threats is known as a SWOT analysis.
What is evaluation?The methodical examination of a subject's validity, importance, and relevance using standards-based criteria is called evaluation. When making decisions or assessing the degree of achievement or value in relation to the goal and objectives, as well as the results of any such action that has been taken, it can be helpful to an organisation, programme, design, project, or any other intervention or initiative to evaluate any goal, realisable concept or proposal, or any alternative. Evaluating and describing topics of interest is a common practise in a range of human endeavours, including the arts, criminal justice, foundations, non-profit organisations, government, health care, and other human services. It takes a while, and at the end of that time, it is finished.
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According to Baumrind, which type of parents place firm limits and controls on their child, allows little verbal exchange, and might show rage toward their child
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The type of parents place firm that place limits and controls on their child and allows little verbal exchange is authoritarian.
What is authoritarianism?Authoritarian serves a kind of control whereby the parents posses the total control over their child.
In this kind of parents place firm, there is always a way to check the activities of the children to avoid bad influence.
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Pyschographic segmentation involves grouping people based on where they live.
Answers
Answer:
False
Explanation:
Psychographic segmentation involves classifying people by preferred activities, interests, opinions, social class, personality, and lifestyle. Psychographic segmentation categorizes customers based on internal characteristics. Psychographic segmentation requires marketers to consider what customers value in life, why they behave in specific ways, and the things they consider valuable.
Geographic segmentation is the strategy marketers use when you serve customers in the same area.
letter of editor of a newspaper expressing The View against the Intensive use of loud speaker please help ASAP before 10:45
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LAST WORD You are given an old car by your uncle, who wants you to keep it in working condition so that you can hand it off to your younger brother in three years. It will cost you $1,500 per year to keep it in working condition for your brother. If you skip maintenance altogether, the car will die after two years, but you can pocket the maintenance costs. A. What will you be tempted to do
Answers
You may be tempted to skip the maintenance costs and pocket the money, especially if you don't have a personal interest in the car or if you have other financial priorities.
However, doing so would result in the car breaking down after two years, which means it would not be in working condition for your younger brother to inherit as planned.
B. What should you do?
You should keep up with the maintenance costs of the car to ensure that it remains in working condition for your younger brother to inherit. If you are unable to afford the maintenance costs, you may need to have a conversation with your uncle about alternative plans for the car. It's important to honor your uncle's wishes and keep the car in good condition for your brother's future use.
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Describe ways to prepare for the future, including your career success and job security?
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what is the best way for an organization to satisfy an employee that is concerned about the fairness of his or her pay?
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The best method for a corporation to appease a worker who questions the fairness of his or her pay is to present the worker with research demonstrating why the employer believes the compensation to be fair.
What is fairness at work?Fairness at work can be seen from various angles. We distinguish three types in terms of compensation and from the viewpoint of an organization:
The equitable distribution of the pay budget and the fairness of pay results (distributive justice).The fairness of the procedure used to decide pay (procedural justice).the standard of care provided to patients when procedures are used (interactional justice).Because they convey that people are regarded and cherished, these can foster trust. People might not want to join or stay with a company if they feel that their approach to performance management and compensation is unfair, though, and they may lack commitment.
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The Seven Steps to Move into a New Field
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Answer:
what? I'll answer in comments if this is a mistyped question
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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during may, hatch company incurred factory overhead costs as follows: indirect materials, $3,170; indirect labor, $3,070; utilities cost, $1,620; and factory depreciation, $2,090.
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The company's total expense for the month of May was $9,950.
What are business expenses?The expenses of a company is a term to refer to all the goods or services necessary for the operation of a company. Generally, there are some services and goods that the company must purchase externally so it must pay for them instead of producing them itself.
According to the above, to calculate the monthly expenses of this company we must add all the values as follows:
$3,170 + $3,070 + $1,620 + $2,090 = $9,950.
Note: This question is incomplete due to missing information. Here is the complete information:
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Calculate the total expense of the company during the month of May.
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Toren Inc. employs one person to run its solar management company. The employee’s gross income for the month of May is $6,000. Payroll for the month of May is as follows: FICA Social Security tax rate at 6.2%, FICA Medicare tax rate at 1.45%, federal income tax of$400, state income tax of $75, health-care insurance premium of$200, and union dues of $50. The employee is responsible for covering 30% of his or her health insurance premium.
You have now been given the following additional information:
• May is the first pay period for this employee. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first$7,000 paid to the employee. FICA Social Security and FICA Medicare match employee deductions. The employer is responsible for 70% of the health insurance premium.
B. Record the payment in cash of all employer liabilities only on June 1.
Answers
Employer liabilities are the obligations that an employer owes to their employees. Employer liabilities include payroll taxes, worker’s compensation insurance, and employee benefits such as health insurance, retirement plan contributions, and paid time off.
Record the payment in cash of all employer liabilities only on June 1: The employer liability for Toren Inc. for the first pay period in May is FICA Social Security and Medicare taxes, federal income tax, state income tax, FUTA and SUTA taxes, and 70% of the health-care insurance premium.
Gross income of the employee = $6,000
Social Security tax = 6.2% of $6,000 = $372
Medicare tax = 1.45% of $6,000 = $87
Federal income tax = $400
State income tax = $75
Union dues = $50
Employee health insurance premium = $200 x 30% = $60
FUTA tax = 0.6% of $7,000 = $42SUTA
tax = 5.4% of $7,000 = $378
Employer health insurance premium = $200 x 70% = $140
Total employer liabilities = $372 + $87 + $400 + $75 + $42 + $378 + $140 = $1,494
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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An integrated audit isa. required for all countriesb. required by the IAASBc. composed of a financial statement audit and an audit of internal control over financial reportingd. conducted according to audit standards of the AICPA
Answers
An integrated audit is composed of both a financial statement audit and an audit of internal control over financial reporting. Option c is answer.
This type of audit is designed to provide a more comprehensive assessment of the financial reporting process and to ensure that the financial statements are reliable and free from material misstatements.
Option a is false, as the requirement for an integrated audit may vary from country to country based on local laws and regulations.
Option b is partially true, as the International Auditing and Assurance Standards Board (IAASB) has issued standards related to integrated audits, but this does not necessarily mean that an integrated audit is required by the IAASB.
Option d is also false, as the American Institute of Certified Public Accountants (AICPA) is a professional organization that issues audit standards in the United States, but integrated audits are not specific to the AICPA standards.
Option c is the correct answer.
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Your firm needs one delivery truck. The CFO presents you with two analyses: one for a Ford and one for a Chevrolet. This is an example of a decision involving Selected answer will be automatically saved. For keyboard navigation, press up/down arrow weys to select an answer, a mutually exclusive projects. b static derivative projects. c independent projects. d payback projects. e longitudinal projects.
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Your firm needs to choose between a Ford and a Chevrolet delivery truck. This is an example of a decision involving mutually exclusive projects.
Mutually exclusive projects are those where selecting one option means you cannot select the other, as they both cannot be undertaken at the same time. In this case, choosing a Ford truck would exclude the option of choosing a Chevrolet truck, and vice versa.
The phrase "mutually exclusive projects" is frequently used in the context of capital budgeting, where businesses select one project from a group of options based on a set of criteria, with the understanding that doing so will result in the rejection of the other projects. If a corporation is building a bridge and a skyscraper, and both require a highly specialised piece of equipment that is unique to the world, then those two projects are mutually exclusive since they cannot use the same piece of equipment simultaneously.
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A special form of business organization that combines advantages of a corporation and a partnership is a.
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A special form of business organization that combines the advantages of a corporation and a partnership is a limited liability corporation.
A Limited liability company( LLC) is a business structure that offers limited liability protection and pass-through taxation. As with posts, the LLC fairly exists as a separate reality from its possessors. thus, possessors can not generally be held responsible for business debts and liabilities.
An LLC is a cold-blooded legal reality having certain characteristics of both a pot and a cooperation or sole procurement. An LLC is a type of unincorporated association distinct from a pot. The primary characteristic an LLC shares with a pot is limited liability, and the primary characteristic it shares with cooperation is the vacuity of pass-through income taxation. As a business reality, an LLC is frequently more flexible than a pot and may be well-suited for companies with a single proprietor.
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Two tech firms face the following payoff matrix as they decide upon the size of their research budget: - Tech Company 2
Large Budget Small Budget
Large Budget $35m $10m $45m $0
Tech Company 1 Small Budget $10m $5m $15m $8m
Where is the Nash equilibrium?
O [Large Budget, Large Budget]
O [Small Budget, Small Budget]
O [Large Budget, Small Budget]
O [Small Budget, Large Budget]
Answers
The Nash equilibrium in this payoff matrix is [Small Budget, Small Budget].
In a Nash equilibrium, neither player has an incentive to unilaterally change their strategy given the other player's strategy. In this case, both firms have the highest payoff when they choose the Small Budget strategy, as indicated by the payoffs of $5m for Tech Company 1 and $8m for Tech Company 2. If either firm were to unilaterally change to the Large Budget strategy, they would have a lower payoff compared to staying with the Small Budget strategy. Therefore, the Nash equilibrium occurs when both firms choose the Small Budget strategy. If both firms choose a Large Budget, Tech Company 1 receives $35m and Tech Company 2 receives $45m. However, if both firms choose a Small Budget, Tech Company 1 receives $5m and Tech Company 2 receives $8m. In this case, neither firm has an incentive to deviate from choosing a Small Budget because the payoff is higher than if they were to choose a Large Budget.
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Insurance is an example of a(n)_______
A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above
Answers
Answer:
Based on my research I believe that the answer is 'A. Fixed Cost'.
Explanation:
I hope this was helpful, have a blessed day.
ANSWER
Based on my research I believe that the answer is A- Fixed cost
Explanation
Fixed cost are those cost which are not output dependent .
Fixed cost are fixed till certain level of output.
Fixed cost per unit charges with output.
I hope this was helpful
PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answers
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
bank credit cards are widely accepted by retailers who desire to offer credit but do not offer their own credit card true false
Answers
True. Bank credit cards are widely accepted by retailers who desire to offer credit but do not offer their own credit card.
Retailers often collaborate with banks to provide customers with the convenience of credit purchasing without the need for the retailer to manage their own credit card program. By accepting bank credit cards, retailers can expand their customer base, increase sales, and offer flexible payment options to their customers. Bank credit cards, such as those issued by Visa, Mastercard, or American Express, are accepted by a large network of merchants globally, making them a convenient and widely recognized form of payment. This arrangement allows retailers to focus on their core business while leveraging the established infrastructure and services provided by banks for credit card transactions.
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Has Anna's fasfa been selected for verification? In your own words, describe what the process of verification is.
Answers
Answer: The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct
Explanation:
The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct. When you request the verification, the school would request additional documents to support the information you supplied, this is for clarification and ensuring you are the right person or you own the information.
Tamora has just graduated from college. When she entered college four years ago, she took out a $9,100 subsidized Stafford loan, which has a duration of ten years. The loan has an interest rate of 5. 4%, compounded monthly. If Tamora makes monthly payments, how much interest will she have paid in total by the time the loan is paid off? Round all dollar values to the nearest cent. A. $2,697. 20 b. $1,574. 00 c. $5,534. 00 d. $3,888. 8.
Answers
The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.
The total interest amount that Tamora will have paid in 10 years would be $6.496.76
What is interest?Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).
Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.
Computation of the total amount of interest:
Here, we apply the amount formula of compound interest, we get
\(A=\text{P}(1+\frac{r}{n} )^n\text{t}-\text{P}\)
Here,
A= Accumulated Interest
P=Principal = $9,100
r=Interest rate
5.4%=0.054,
n=Number of compounding periods in a year = 12
t= Number of years = 10 years
Now, apply the values in the given formula, we get
\(\text{A}=\$9,100{(1+\frac{0.054}{12} )^1^2^\times^1^0}-\$9,100\\\\\\\text{A}=\$9,100{(1.0045)^1^2^0}-\$9,100\\\\\\\text{A}=\$6,496.75\)
Therefore, The total interest amount that Tamora will have paid in 10 years would be $6.496.76.
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Answer:
The correct answer is (A: $2,697)
Explanation:
Trust
All America HMO pays its primary care physicians (PCPs) by capitation, but a percentage of the total
capitated amount is withheld and distributed to individual PCPs based on aggregate PCP performance. The
financial goal of importance to All America is to achieve total actual specialty care and hospital costs less
than budgeted. To this end, All America provides a financial incentive to its PCPs to encourage careful
referral of patients to these services. The financial incentive is based on the referral gain or loss, defined
as the difference between the actual and budgeted specialty care and hospital cost. More specifically, All
America uses the following risk sharing rules:
If a total referral gain, then all of the total withhold is returned to the PCPs
If a total referral loss < total withhold, then the difference (withhold - referral loss) is
returned to the PCPs based on the number of patients per PCP
If a total referral loss > total withhold, then none of the withhold is returned to the PCPs
Last year, All America's capitation payment to the PCPs was $20 PMPM, but 15 percent of this amount was
placed into the PCP risk pool. The budgeted amount for specialty and hospital costs was $50 PMPM. At
the end of the year, the following data were recorded for the four All America PCPs:
Dr Smith Dr Barney Dr Wells Dr Fargo
Number of patients 600 800 1,000 1,600
Actual referral costs $504,000 $470,000 $590,000 $880,000
a. Calculate the total compensation of each PCP at the end of the year.
b. Were each of the PCPs fairly compensated? What incentives does this single risk pool based on aggregate
PCP performance present to the individual PCPs? What should be investigated to assess the fairness of
the PCP compensation?
Answers
a. The total compensation of each PCP at the end of the year can be calculated based on the given data and the risk sharing rules. The capitation payment to PCPs was $20 per member per month (PMPM), and 15% of this amount ($20 * 0.15 = $3) was placed into the PCP risk pool.
The budgeted amount for specialty and hospital costs was $50 PMPM.
1. Dr. Smith:
- Number of patients: 600
- Actual referral costs: $504,000
- Referral loss: Actual referral costs - Budgeted amount
= $504,000 - (600 * $50) = $504,000 - $30,000 = $474,000
- Total compensation: Referral gain (since referral loss < withhold) = Total withhold
= $3
2. Dr. Barney:
- Number of patients: 800
- Actual referral costs: $470,000
- Referral loss: Actual referral costs - Budgeted amount
= $470,000 - (800 * $50) = $470,000 - $40,000 = $430,000
- Total compensation: Referral gain (since referral loss < withhold) = Total withhold
= $3
3. Dr. Wells:
- Number of patients: 1,000
- Actual referral costs: $590,000
- Referral loss: Actual referral costs - Budgeted amount
= $590,000 - (1,000 * $50) = $590,000 - $50,000 = $540,000
- Total compensation: Referral gain (since referral loss < withhold) = Total withhold
= $3
4. Dr. Fargo:
- Number of patients: 1,600
- Actual referral costs: $880,000
- Referral loss: Actual referral costs - Budgeted amount
= $880,000 - (1,600 * $50) = $880,000 - $80,000 = $800,000
- Total compensation: None of the withhold is returned to PCPs (since referral loss > withhold)
b. Each of the PCPs was compensated differently based on their referral performance and the risk sharing rules. Dr. Smith and Dr. Barney were both able to achieve a referral gain, resulting in a total compensation equal to the total withhold amount of $3. Dr. Wells also had a referral gain and received $3 as total compensation. However, Dr. Fargo had a referral loss greater than the total withhold amount, so no withhold was returned to them, and their total compensation is $0.
The single risk pool based on aggregate PCP performance presents incentives to individual PCPs to carefully manage referrals and keep specialty and hospital costs below the budgeted amount. PCPs have a financial incentive to refer patients only when necessary and avoid excessive costs, as it directly affects their total compensation.
To assess the fairness of PCP compensation, several factors should be investigated. These may include evaluating the consistency and accuracy of cost reporting, comparing the referral patterns and costs of individual PCPs to identify any outliers or unusual behavior, and assessing the impact of patient case mix on referral costs. Additionally, it may be important to consider the overall quality of care provided by PCPs and ensure that financial incentives do not compromise patient outcomes or the appropriate utilization of specialty and hospital services.
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my supervisor involves all of us in making and implementing decisions. which of the global leadership behaviors am i using? group of answer choices humane oriented autonomous participative
Answers
In Participative leadership of the global leadership behaviors my supervisor involves all of us in making and implementing decisions.
You asked about the global leadership behavior your supervisor is using when they involve everyone in making and implementing decisions. The behavior they are using is called "participative leadership."
Participative leadership is a style where leaders actively involve team members in the decision-making process, encouraging collaboration and open communication. This approach allows for diverse perspectives and ideas, leading to better decision-making and increased team morale.
1. Your supervisor involves all team members in decision-making and implementation.
2. This approach encourages collaboration and open communication within the team.
3. The leadership style being used is called "participative leadership."
4. Participative leadership leads to better decision-making and increased team morale by allowing diverse perspectives and ideas to be considered.
In conclusion, your supervisor is using the participative leadership style, which is one of the global leadership behaviors that emphasizes collaboration and open communication within a team. This approach ensures that all team members are involved in making and implementing decisions, leading to better outcomes and a more engaged and satisfied team.
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G Brown has the following items in her balance sheet as on 30 April 20X8: Capital £18,400;
Creditors £2,100; Fixtures £2,800; Car £3,900; Stock of goods £4,550; Debtors £2,780; Cash at bank
£6,250; Cash in hand £220.
During the first week of May 20X8
(a) She bought extra stock for goods £400 on credit.
(b) One of the debtors paid her £920 by cheque.
(c) She bought a computer by cheque £850.
Answers
Answer:
b
Explanation:
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answers
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
A high accounts receivable turnover ratio indicates.
Answers
A high accounts receivable turnover ratio indicates that a firm is efficient in converting receivables to cash.
What is the receivables turnover ratio?
Receivables turnover ratio is an example of an activity ratio which measures how efficiently a firm carries out its daily activities. Receivables turnover ratio is the ratio of revenue to average reciveables.
Receivables turnover ratio = Revenue / average receivables
The faster it is for a firm to collect its receivables, the more efficient the firm is.