Other Assignment Example | Topics and Well Written Essays - 1000 words

Other - Assignment ExampleWhile buying the television, the seller forget have spent on something else thereby boosting the local economy. Therefore, in the perspective of the observer of these events, the ill behavior of the military mans son or breakout of the television set has stimulated the economy however, according to Bastiat, the entire understanding exposes a fallacy. Looking at the concept brewed in this case, breaking of the television reduces the mans disposable income that he may not be able to purchase for instance, a new shirt or commit to other luxuries. Nonetheless, the break of the television is helpful to others for example, the seller or the person repairing the television. It should be noted that despite the breakage of the television set being helpful to others it robs industries and reduces the spending on other goods and or services. Replacing an item that was already bought is regarded as the maintenance cost as opposed to buying new items or items that th e owner has neer had (Rockwell and Ludwig Von Mises Institute, 2008). ... in Making Financial Decisions The most significant means in ending making including financial decision-making are the application logical and systematic decision-making processes. operation of application logical and systematic processes helps in time value analysis since they provide systematic and planned analysis. Therefore, it is vital that health care organizations to deploy organizational approach that incorporates application logical and systematic processes in making vital financial decision (Skousen, 2009). Applying this concept will ensure that they never miss deep factors in their decision-making. Six steps and practices can help the health care organizations to curb their challenges in financial decision-making. Creating a constructive environment for financial decision making A constructive environment for decision-making incorporates the establishment of objective of such decision making pr ocess. In other words, it is vital that the management of such health care organization to define the parameters the health organization could achieve with their desired financial decision. Additionally, the management must thereafter agree on a workings process to be deployed and this will call for the incorporation of the significant stakeholders in such decision-makings. Generating applicable and relevant alternatives This process shall provide the decision makers with more options to ask from towards comprehensive financial decisions. Generation of alternatives allows the management or the decision makers to have numerous ways of solving financial challenges. Therefore, unreasonable alternatives will only aggravate the problem. Finally, generating alternatives will help organizations of ideas. Exploration of the alternatives This process ensures that only