In its mission statement a local hospital declares that it is:
“Committed to provide care to patients arriving at the emergency unit in less than 15 minutes and that it will never turn away patients who need to be hospitalized for further medical care.”
What implication does this mission have on strategic operations management decisions in the following areas?
A. Decisions relating to capacity
B. Decisions relating to workforce
Answer :
A: The hospital must have increased capacity in relation to infrastructure like, expended building blocks, emergency handling equipments i.e ambulances , emergency handling entrance and exit doors . such a hospital must have increased strength of trained and qualified staff with latest knowledge of machinery operation in a given period of time.
visitor counter
Friday, October 30, 2009
FIN630 - Investment Analysis & Portfolio Management
Question: Comment on the statement: “The bond market is primarily an OTC market?
Answer :
No the bond market is not primarily an OTC market. We expelain the terms briefly to clearly differentiate them from one another.
Bond Market
The bond market (also known as the debt, credit, or fixed income market) is a financial market where participants buy and sell debt securities, usually in the form of bonds.
References to the "bond market" usually refer to the government bond market, because of its size, liquidity, lack of credit risk and, therefore, sensitivity to interest rates. Because of the inverse relationship between bond valuation and interest rates, the bond market is often used to indicate changes in interest rates or the shape of the yield curve.
Over-the-counter Market
Over-the-counter (OTC) trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges.
Answer :
No the bond market is not primarily an OTC market. We expelain the terms briefly to clearly differentiate them from one another.
Bond Market
The bond market (also known as the debt, credit, or fixed income market) is a financial market where participants buy and sell debt securities, usually in the form of bonds.
References to the "bond market" usually refer to the government bond market, because of its size, liquidity, lack of credit risk and, therefore, sensitivity to interest rates. Because of the inverse relationship between bond valuation and interest rates, the bond market is often used to indicate changes in interest rates or the shape of the yield curve.
Over-the-counter Market
Over-the-counter (OTC) trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. It is contrasted with exchange trading, which occurs via facilities constructed for the purpose of trading (i.e., exchanges), such as futures exchanges or stock exchanges.
FIN623 - Taxation Management
According to Section 2(19)(e) of Income Tax Ordinance 2001 Dividend includes:
any payment by a private company or trust of any
sum (whether as representing a part of the assets of the
company or trust, or otherwise) by way of advance or loan to a
shareholder or any payment by any such company or trust on
behalf, or for the individual benefit, of any such shareholder, to
the extent to which the company or trust, in either case,
possesses accumulated profits; [or]
[(f) [remittance of] after tax profit of a branch of a foreign
company operating in Pakistan;]
any payment by a private company or trust of any
sum (whether as representing a part of the assets of the
company or trust, or otherwise) by way of advance or loan to a
shareholder or any payment by any such company or trust on
behalf, or for the individual benefit, of any such shareholder, to
the extent to which the company or trust, in either case,
possesses accumulated profits; [or]
[(f) [remittance of] after tax profit of a branch of a foreign
company operating in Pakistan;]
FIN621 - Financial Statement Analysis
Does the net income represent an amount of cash that can be withdrawn by the owner of a business?...
No the Net income does not represent the amount of cash be withdrawn by the owner of a business, income represents amount of revenue minus expenses for the period of time. A business owner can withdraw from cash either on hand or in the company's bank account(s). Net income is basically 'profit' from monies made from doing business after figuring how much was lost from the cost of doing business (buying supplies, inventory, parts, etc.).
No the Net income does not represent the amount of cash be withdrawn by the owner of a business, income represents amount of revenue minus expenses for the period of time. A business owner can withdraw from cash either on hand or in the company's bank account(s). Net income is basically 'profit' from monies made from doing business after figuring how much was lost from the cost of doing business (buying supplies, inventory, parts, etc.).
sol to marketing quiz
SOLUTION....
Question # 1 of 10 Which of the following is an element of an organization’s internal-environment? Select correct option: Wholesalers Retailers Employees Competitors
Question # 2 of 10 Which of the following refers to Companies often failure to predict changes, either slow or long range to at least calculate their impact on their product and customers? Select correct option: Failure to obtain Senior Management Commitment Poor Communications Failure to Coordinate Inability to Predict Environmental Reaction
A _____ is an organized collection of comprehensive information about individual customers or prospects. Select correct option: Business database Customer mailing list Customer database Marketing database
Supporting customers through the process of selecting, purchasing, and maintaining a product or service is known as: Select correct option: Customer loyalty Customer satisfaction Customer retention Customer services
All of the following statements are principles of communication, EXCEPT: Select correct option: Communication is a system Communication is static Communication can be intentional or unintentional Communication is a process
Operational customer relationship management supports which of the following function? Select correct option: Front Office Customer campaigns Effective interaction Data mining
Question # 10 of 10 which of the following is NOT a dimension of service quality? Select correct option: Empathy Assurance Reliability Competence
Question # 1 of 10 Customer Service Culture includes all EXCEPT: Select correct option: Traits Value Norms Behavior
Question # 2 of 10 Promoters are those customers who? Select correct option: Use product occasionally Use product when required Recommend a company to others Use product continuously
Question # 3 of 10 Companies can gain a strong competitive advantage through having better-trained people. This is known as: Select correct option: Personnel differentiation Product differentiation Personnel training Human resources parity
Question # 4 of 10 Which of the following is Not part of marketing mix? Select correct option: Competitors Pricing Promotion Product
Question # 5 of 10 how can complaints provide the firm with great value? Select correct option: They provide a chance to prove the company is right They can be a source of information for a company Resolving those ties up important resources They offer an opportunity to shed bad customers
Question # 6 of 10 Marketing relationships are: Select correct option: Intensely personal, like human relationships Intended to deliver short-term customer satisfaction Intended to deliver long-term customer satisfaction The most important element of the marketing mix
Question # 7 of 10 Which of the following is a special human trait that we need to sharpen and use very often in CRM? Select correct option: None of the given options Foresee Forecast Forecast and foresee
Question # 8 of 10 Horizon cat food mailed a packet of catnip seed to every person who visited its website. Along with the catnip seed was a note that advised consumers to visit www. horizon.com if they wanted to create a cat-friendly garden. This illustration is the best use of which concept for approaching prospect customer? Select correct option: Print advertising Direct marketing Personal selling Public relations
Question # 10 of 10 Which one of these is NOT the major area on which customer relationship management focuses? Select correct option: Expansion of customer base Reduction of advertising costs Gaining new customers, no focus on existing ones Personal information gathering and processing
Question # 1 of 10 Which of the following is an element of an organization’s internal-environment? Select correct option: Wholesalers Retailers Employees Competitors
Question # 2 of 10 Which of the following refers to Companies often failure to predict changes, either slow or long range to at least calculate their impact on their product and customers? Select correct option: Failure to obtain Senior Management Commitment Poor Communications Failure to Coordinate Inability to Predict Environmental Reaction
A _____ is an organized collection of comprehensive information about individual customers or prospects. Select correct option: Business database Customer mailing list Customer database Marketing database
Supporting customers through the process of selecting, purchasing, and maintaining a product or service is known as: Select correct option: Customer loyalty Customer satisfaction Customer retention Customer services
All of the following statements are principles of communication, EXCEPT: Select correct option: Communication is a system Communication is static Communication can be intentional or unintentional Communication is a process
Operational customer relationship management supports which of the following function? Select correct option: Front Office Customer campaigns Effective interaction Data mining
Question # 10 of 10 which of the following is NOT a dimension of service quality? Select correct option: Empathy Assurance Reliability Competence
Question # 1 of 10 Customer Service Culture includes all EXCEPT: Select correct option: Traits Value Norms Behavior
Question # 2 of 10 Promoters are those customers who? Select correct option: Use product occasionally Use product when required Recommend a company to others Use product continuously
Question # 3 of 10 Companies can gain a strong competitive advantage through having better-trained people. This is known as: Select correct option: Personnel differentiation Product differentiation Personnel training Human resources parity
Question # 4 of 10 Which of the following is Not part of marketing mix? Select correct option: Competitors Pricing Promotion Product
Question # 5 of 10 how can complaints provide the firm with great value? Select correct option: They provide a chance to prove the company is right They can be a source of information for a company Resolving those ties up important resources They offer an opportunity to shed bad customers
Question # 6 of 10 Marketing relationships are: Select correct option: Intensely personal, like human relationships Intended to deliver short-term customer satisfaction Intended to deliver long-term customer satisfaction The most important element of the marketing mix
Question # 7 of 10 Which of the following is a special human trait that we need to sharpen and use very often in CRM? Select correct option: None of the given options Foresee Forecast Forecast and foresee
Question # 8 of 10 Horizon cat food mailed a packet of catnip seed to every person who visited its website. Along with the catnip seed was a note that advised consumers to visit www. horizon.com if they wanted to create a cat-friendly garden. This illustration is the best use of which concept for approaching prospect customer? Select correct option: Print advertising Direct marketing Personal selling Public relations
Question # 10 of 10 Which one of these is NOT the major area on which customer relationship management focuses? Select correct option: Expansion of customer base Reduction of advertising costs Gaining new customers, no focus on existing ones Personal information gathering and processing
GDB ECO401 SOLUTION UPDATED
If PEoD > 1 then Demand is Price Elastic (Demand is sensitive to price changes)
· If PEoD = 1 then Demand is Unit Elastic
· If PEoD < 1 then Demand is Price Inelastic (Demand is not sensitive to price changes)
If we notice the figures even small change of price from 2 to 2.1 will change the demand from 102 to 85 which shows that coffee is price elastic. To make sure, we look at the real time calculation.
PEoD = (% Change in Quantity Demanded)/(% Change in Price)
PEod = -3.33
· PEod = -3.33 in case of price elasticity of demand we are concern with absolute value so we are ignoring the -ve sign
· If PEoD > 1 then Demand is Price Elastic (Demand is sensitive to price changes)
· If PEoD = 1 then Demand is Unit Elastic
· If PEoD < 1 then Demand is Price Inelastic (Demand is not sensitive to price changes)
If we notice the figures even small change of price from 2 to 2.1 will change the demand from 102 to 85 which shows that coffee is price elastic. To make sure, we look at the real time calculation.
PEoD = (% Change in Quantity Demanded)/(% Change in Price)
PEod = -3.33
· PEod = -3.33 in case of price elasticity of demand we are concern with absolute value so we are ignoring the -ve sign
· If PEoD > 1 then Demand is Price Elastic (Demand is sensitive to price changes)
Solution of mkt610 Gdb
It is not feasible as well as probable for an organization for catering individual customer needs/demands and provisions/necessities as this progression would be very costly and time overwhelming for the organization. An organization, therefore, can accommodate with its customers to great deal by establishing the aggregate/general demands and needs of the people. An organization should also consider the experience of other organizations with customers in past in order to reimburse the maximum facilitation to its clientele.
Solution of Mkt 621
Advertising plays an important role in determining the position of any brand in the market. In fact, development, augmentation, progress and success of the brand name is headed by the advertisement/commercial process as it plays one of its major role in souk to create a center of attention/motivation for target customers in the gigantic competitive milieu. As compare to prehistoric/primeval, Advertisement of today is influenced by Modern IT Techniques regarding publishing, printing and distribution which indeed makes the product/brand more lucrative In the era of modern market, it is difficult for any manufacturer to situate with its brand without Advertisement.
solution to FIN 622 Assignment
Question No.1:
Mr. Anwar will retire at the age of 60. He expects to live 20 more years and to
Spend Rs. 55,000 a year during his retirement. How much money does he need to?
Save by age 60 to support this consumption plan? Assume an interest rate of 7
Percent.
Solution:
C= 55000
I = 7%=0.07
T = 20 Years
Formula for annuity:
= C (1/r-1/r (1+r) t]
Putting the values in formula:
= 55000(1/0.07-1/0.07 (1+0.07)20
= 55000(1/0.07-1/0.07 (3.86)
= 55000(1/0.07-1/0.2702
= 55000(1/0.07-3.70
= 55000(14.28-3.70)
= 55000(10.58)
= 581900
Question # 02:
Star Industries has not been growing since past 20 years because of certain legal
Hazards. It earns Rs. 15 per share per year and pays it all out to stockholders. The
Stockholders have alternative, equivalent‐risk ventures yielding 20 percent per
Year on average. What is the worth of one share of Star Industries? Assume the
Company can keep going indefinites
Solution:
ESP( earning per share)=15 per share
Annual Rate of interest =r 20%= per year
Formula
Po = DIV/r
Putting the values in formula above
Po = 15/0.2
Po = 75
Mr. Anwar will retire at the age of 60. He expects to live 20 more years and to
Spend Rs. 55,000 a year during his retirement. How much money does he need to?
Save by age 60 to support this consumption plan? Assume an interest rate of 7
Percent.
Solution:
C= 55000
I = 7%=0.07
T = 20 Years
Formula for annuity:
= C (1/r-1/r (1+r) t]
Putting the values in formula:
= 55000(1/0.07-1/0.07 (1+0.07)20
= 55000(1/0.07-1/0.07 (3.86)
= 55000(1/0.07-1/0.2702
= 55000(1/0.07-3.70
= 55000(14.28-3.70)
= 55000(10.58)
= 581900
Question # 02:
Star Industries has not been growing since past 20 years because of certain legal
Hazards. It earns Rs. 15 per share per year and pays it all out to stockholders. The
Stockholders have alternative, equivalent‐risk ventures yielding 20 percent per
Year on average. What is the worth of one share of Star Industries? Assume the
Company can keep going indefinites
Solution:
ESP( earning per share)=15 per share
Annual Rate of interest =r 20%= per year
Formula
Po = DIV/r
Putting the values in formula above
Po = 15/0.2
Po = 75
Thursday, October 1, 2009
PUNJAB WORKERS WELFARE BOARD
Punjab Workers Welfare Board has been constituted under the provisions of Workers Welfare Fund Ordinance, 1971. The Workers Welfare Fund is the paymaster of the Boards constituted under the ordinance. The mandate of these Boards is to undertake the efficient disbursement and administration of the allocated money. The Boards under the constituent law are bound to follow the decision taken by the Workers Welfare Fund.
PUNJAB WORKERS WELFARE SCHOLARSHIP
Punjab Workers Welfare Board advertised the scholarship for the current session on December 18, 2007 in daily Nawa-i-waqt and daily Express wherein applicants are required to submit their applications by January 31, 2008 positively.
ELIGIBILITY REQUIREMENTS & REGULATIONS OF TALENT SCHOLARSHIP SCHEME:
Ø Industrial establishment and worker must fall under the respective definition as assigned by Workers Welfare Fund Ordinance, 1971.
Ø Workers concerned must have at least three years accumulative on his credit, however no pay limit is fixed.
Ø Workers concerned must be registered under EOBI / Social Security Scheme.
Ø Student concerned must have at least 45% marks in previously passed examination.
Ø All expenses vis-à-vis Admission Fee, Tuition fee, Registration Fee, and Security Fee are borne by Workers Welfare Board Punjab and an amount of Rs. 2,300/- P.M (for day Scholar) is paid as scholarship.
Ø Applications are received at the respective District Labour Offices and following scrutiny by the respective District Scrutiny Committee, cheques are issued by this Board in favour of claimants.
Students of VU are eligible to get scholarship. Applicants that fulfill the above-mentioned eligibility criteria are directed to have recourse to the office of Punjab Workers Welfare Board / respective District Officers Labour for further guidance.
PUNJAB WORKERS WELFARE SCHOLARSHIP
Punjab Workers Welfare Board advertised the scholarship for the current session on December 18, 2007 in daily Nawa-i-waqt and daily Express wherein applicants are required to submit their applications by January 31, 2008 positively.
ELIGIBILITY REQUIREMENTS & REGULATIONS OF TALENT SCHOLARSHIP SCHEME:
Ø Industrial establishment and worker must fall under the respective definition as assigned by Workers Welfare Fund Ordinance, 1971.
Ø Workers concerned must have at least three years accumulative on his credit, however no pay limit is fixed.
Ø Workers concerned must be registered under EOBI / Social Security Scheme.
Ø Student concerned must have at least 45% marks in previously passed examination.
Ø All expenses vis-à-vis Admission Fee, Tuition fee, Registration Fee, and Security Fee are borne by Workers Welfare Board Punjab and an amount of Rs. 2,300/- P.M (for day Scholar) is paid as scholarship.
Ø Applications are received at the respective District Labour Offices and following scrutiny by the respective District Scrutiny Committee, cheques are issued by this Board in favour of claimants.
Students of VU are eligible to get scholarship. Applicants that fulfill the above-mentioned eligibility criteria are directed to have recourse to the office of Punjab Workers Welfare Board / respective District Officers Labour for further guidance.
NBP Student Loan Scheme
National Bank of Pakistan has invited applications from eligible students for grant of loans. Application form may be downloaded here and also at the designated branches of NBP. All the interested students are required to fill up the application form and submit to VU for verification on well before the last date which is February 28, 2009. The same form will be returned to the student after necessary attestations for onward submission to NBP designated branches by the students. Students are advised to read the instructions carefully given with the application form and attach all the documents as required by the bank. Virtual University has to certify only that he/she is a bonafied student at this university while the application will be processed by the bank to decide whether or not a loan is to be granted.
FACILITY OF INTEREST-FREE LOAN TO THE STUDENTS OF PUBLIC SECTORUNIVERSITIES AND INSTITUTES
The State Bank of Pakistan had launched an interest-free loan scheme for students of public sector Universities, Institutes Colleges in February, 2001. The objective of scheme was to provide financial assistance to the meritorious students who obtain at least 70 % marks in the last examination and are unable to pursue their studies within Pakistan due to financial constraints. Such loans are available to students for tuition fee, purchase of text books/ reference books and boarding expenses.
The National Bank of Pakistan has devised a procedure for inviting applications from students and its processing for the grant of loans. The same is available in their designated branches in all major cities along with prescribed application form.
In its earlier notification of the National Bank of Pakistan, some Universities established in the public sector were not listed in this scheme. The case was taken up by the HEC with the Sate Bank and followed up vigorously. It has now been decided by the State Bank to include all public sector Universities and Institutions recognized by HEC for the facility of interest-free loan for the students
The students of Virtual University of Pakistan that meet the above criteria are highly encouraged to apply to National Bank of Pakistan for interest-free loan. for more details please visit http://www.nbp.com.pk/StudentLoan/index.htm
FACILITY OF INTEREST-FREE LOAN TO THE STUDENTS OF PUBLIC SECTORUNIVERSITIES AND INSTITUTES
The State Bank of Pakistan had launched an interest-free loan scheme for students of public sector Universities, Institutes Colleges in February, 2001. The objective of scheme was to provide financial assistance to the meritorious students who obtain at least 70 % marks in the last examination and are unable to pursue their studies within Pakistan due to financial constraints. Such loans are available to students for tuition fee, purchase of text books/ reference books and boarding expenses.
The National Bank of Pakistan has devised a procedure for inviting applications from students and its processing for the grant of loans. The same is available in their designated branches in all major cities along with prescribed application form.
In its earlier notification of the National Bank of Pakistan, some Universities established in the public sector were not listed in this scheme. The case was taken up by the HEC with the Sate Bank and followed up vigorously. It has now been decided by the State Bank to include all public sector Universities and Institutions recognized by HEC for the facility of interest-free loan for the students
The students of Virtual University of Pakistan that meet the above criteria are highly encouraged to apply to National Bank of Pakistan for interest-free loan. for more details please visit http://www.nbp.com.pk/StudentLoan/index.htm
COURSE SELECTION BY THE STUDENTS
Dear Students,Keeping in view your email requests regarding course selection, following changes has been made:
Eligibility criteria for Project / Internship for MBA and 4-Year BS students:
CGPA should be 2.0 or above
Credit hours earned must be at least 45 in case of MBA and 105 in case of BS program
An area of specialization has been selected in case of MBA & BS – Business Administration.
Eligibility criteria for Specialization
A student must has earned 24 credit hours in MBA program
A student must has earned 81 credit hours in BS-Business Administration
2- Year Bachelor students of 4th and thereafter semester can select 27- credit hour including ‘F’ or ‘D’ grade course (s) and remaining courses if any.
Last Date for Course Selection / Add / Drop a course is October 15, 2009.
Please use course selection link which is available at students’ service link if you already made. However students’ those LMS account is blocked due to non payment of fee, please email to accounts department for information and guidance.
Eligibility criteria for Project / Internship for MBA and 4-Year BS students:
CGPA should be 2.0 or above
Credit hours earned must be at least 45 in case of MBA and 105 in case of BS program
An area of specialization has been selected in case of MBA & BS – Business Administration.
Eligibility criteria for Specialization
A student must has earned 24 credit hours in MBA program
A student must has earned 81 credit hours in BS-Business Administration
2- Year Bachelor students of 4th and thereafter semester can select 27- credit hour including ‘F’ or ‘D’ grade course (s) and remaining courses if any.
Last Date for Course Selection / Add / Drop a course is October 15, 2009.
Please use course selection link which is available at students’ service link if you already made. However students’ those LMS account is blocked due to non payment of fee, please email to accounts department for information and guidance.
NOTIFICATION FOR CLASS TIMINGS
Subscribe to:
Posts (Atom)