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Imagine you are the chief financial officer (CFO) of a hospital, and you must decide on whether your hospital will outright purchase a new MRI machine or lease it over the next 5 years.
https://multimedia.phoenix.edu/video/?v=792145136
After watching the video, respond to the following prompts:
What are the advantages and disadvantages of buying or leasing the new MRI machine?
Why do you think it is important for health care managers to make proper investment decisions? Share an example to support your answer.
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