The supply item master is: a. an electronic history of all ...

[dalyningkenk]

The supply item master is:
 
  a. an electronic history of all transactions.
  b. an electronic pricing list of all supplies and services.
  c. a list of all items available to order in the organization.
  d. a list of vendors who supply items to the organization.

Question 2

Financial reporting is a vital part of decision making in healthcare organizations. Which report would be used to show a snapshot of the bottom line?
 
  a. Balance sheet or statement of financial position
  b. Cash flow statements
  c. Assets, liabilities, and equity
  d. Income statement or statement of operation

[tdewitt]

Answer to Question 1

ANS: C
The supply item master is the master list of supplies available to order in the organization.

Answer to Question 2

ANS: D
Income statements reflect the following formula: revenue - expenses = profit. This is often referred to as the bottom line. The balance sheet, on the other hand, reflects an organization's assets, liability, and equity.

[dalyningkenk]

Excellent

[Viet Thy]

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