Q.1 What is the primary goal of a business? To earn the highest possible net income for the benefit of the shareholders? To what extent should a company be required to maintain high ethical standards? Could this interfere with profits or could a favorable image with the public lead to more sales and profits?
Q.2 What do you think of animal cruelty? In some cultures, dog, and cock fighting are acceptable recreational activities. What about using animals for product testing?
HSM
Q.3 You are at a seminar with other attendees representing various types of healthcare organizations. After dinner, you are chatting with several of your fellow attendees and discuss who has it easier for raising capital, not-for-profit organizations or for-profit organizations. What comments do you have?
Q.3 Write a reply for this discussion
There are three important financial statements that are used by investors, they are income statements, balance sheets, and cash flow statements. Income statements are financial statements of a company that show a company’s revenues and expenses during a certain period. During this time, it will show how much money an organization made or lost. The balance sheet is helpful in providing information on what an organization owns and owes through its assets, liabilities, and equity. The other important statement is the cash flow statement, they are important because they reveal how money is generated, which is useful in determining how much money is used for investments and financing certain activities. They are used to show how much money is coming in and going out of an organization. If I were a potential contributor or investor looking at the financial statements of a local regional medical center, I personally would want to start by looking over all of the statements before I would invest in it. I would want to know the medical facilities’ growth potential and their level of financial stability which I believe all three statements would reveal. I would also need to see how the facility was able to generate sales, revenue, and profit over a period of time.
