Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The only executive staff gets a fixed salary, advisors get honorarium to meet out of pocket expenses only. CRF under its mission Nirog has tie-ups

The only executive staff gets a fixed salary, advisors get honorarium to meet out of pocket expenses only. CRF under its mission Nirog has tie-ups with different hospitals that take-care of the cancer patient, CRF teams whenever come across any case of a cancer patient who doesn’t afford the treatment; intervene into the case Mr. Palash and her daughter Avnee manages the business, whereas son Subodh who is Chartered Accountant by profession also support the business with management consultancy.CRF has a system of budgetary control and usually meets the budgeted target and hardly overrun the budget. Group of advisors divided into different sub-groups and each sub-group has assigned a list of volunteers to support the different allocated programs (called missions) such as Sarv Niramaya, Nirog, and Aushad, etc. CRF has a system of budgetary control and usually meets the budgeted target and hardly overrun the budget. Group of advisors divided into different sub-groups and each sub-group has assigned a list of volunteers to support the different allocated programs (called missions) such as Sarv Niramaya, Nirog, and Aushad, etc. Volunteers devote time and physical efforts.Each cup-cake is sold for 30. The direct material cost per cake is 15. All other cost of operating ovens per month is 22,500. The mission statement of CRF is read as ‘We are here to reduce cancer deaths to zero’. CRF enlists the following three critical success factors to attain the mission CRF gets donations from individuals and corporates (as part of their CSR initiatives) apart from grants from national and international bodies (including WHO, Red Cross, etc.), even in recent years; the government also supported the CRF with certain subsidies and recognise its efforts. Volunteers devote time and physical efforts. Executive staff executes the operational task and coordinates activities like camps, awareness drives, etc. through volunteers. Under mission Aushad, some of the pharma companies also engaged to develop the advance treatment and medicines to cure cancer. It is not for profit organisation established two years ago in form of a charitable public trust with the objective to conduct charitable activities related to disease of cancer and its’ patients in home country (here-in-after referred to as a said country) after considering the 2018 report by the World Health Organization (WHO), which said that one in every 10 will develop cancer during lifetime and one in 15 will die of the disease in said country. In 2018, cancer took more than seven lakh lives. According to the estimates by the Medical Research Council of said country, the death toll is expected to rise to 8.8 lakh by 2020. Bake Studio division produces cup-cake. Cup-cake is baked in specially designed ovens and owing to lack of ovens and space in same; oven machines are considered as the bottleneck resource. Each cake requires 0.30 oven hours if oven is at 350o C. 500 oven hours are available each month. and funds the treatment cost of such patients in said hospitals. CRF sponsors the research projects undertaken by individual medical professionals (either self-employed or practice in association with the hospital) and experts (from academia or industry) in domains relates to the disease of cancer. In 2018, cancer took more than seven lakh lives. According to the estimates by the Medical Research Council of said country, the death toll is expected to rise to 8.8 lakh by 2020. The mission statement of CRF is read as ‘We are here to reduce cancer deaths to zero’. CRF enlists the following three critical success factors to attain the mission CRF gets donations from individuals and corporates (as part of their CSR initiatives) apart from grants from national and international bodies (including WHO, Red Cross, etc.), even in recent years; the government also supported the CRF with certain subsidies and recognise its efforts. Under mission Sarv Niramaya, groups of advisors make representations to different stakeholders including the government on policy matters. Delegates of advisors attend different conferences and seminars wherein listen and present the views, which in turn share with associated volunteers for wider reach and building knowledge repository. To reduce the number of people suffering from cancer.To develop treatment facilities for cancer patients. To fund research programs to study the causes of cancer and prevention therefrom. CRF comprises a board of trustees, a group of advisors, and volunteers apart from few executive staff members. Management rest with the board of trustees, whereas technical decision and representations made by a group of advisors (which comprises experts who are either renowned medical professionals or CEOs of pharma companies). Under mission Aushad, some of the pharma companies also engaged to develop the advance treatment and medicines to cure cancer. Under mission Aushad, some of the pharma companies also engaged to develop the advance treatment and medicines to cure cancer. It is not for profit organisation established two years ago in form of a charitable public trust with the objective to conduct charitable activities related to disease of cancer and its’ patients in home country (here-in-after referred to as a said country).

Step by Step Solution

3.41 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

In 2018 cancer took more than seven lakh lives According to the estimates by the Medical Research Co... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

11th Edition

9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895

More Books

Students also viewed these Accounting questions