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Author Question: _____ minus _____ equals profit. a. Money/mission c. Income/expense b. Revenue/need d. ... (Read 45 times)

xroflmao

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on: Jul 8, 2018
_____ minus _____ equals profit.
 
  a. Money/mission c. Income/expense
  b. Revenue/need d. Vision/mission

Question 2

A strategy that can be used by staff to positively affect the budget is:
 
  a. increase patient charge items c. maintain productivity
  b. maintain patient length of stay d. evaluate staff downtime


nyrave

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Reply #1 on: Jul 8, 2018
Answer to Question 1

C
Profit is a necessary component for any business to remain solvent. Profit can be described as revenue (income) minus cost (expense) equals profit. The mission of an organization drives the decision making concerning what is (or is not) within the purview of the organization. The vision is an extension of the mission establishing long-term goals to guide the organization.

Answer to Question 2

D
Some strategies that staff can use to positively affect the budget are to evaluate staff downtime, enter charges in a timely manner, reduce the patient length of stay, enhance productivity, analyze the cause of delays, and explore new products.


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