Which of the following statements is an organizational objective (as opposed to an organizational goal)?
a. To increase market share
b. To increase inpatient volume by 3 percent per year
c. To provide high quality care
d. To maintain a financial condition that permits investment in new technology
e. To implement electronic medical records as quickly as possible
Ans: b. To increase inpatient volume by 3 percent per year
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Each of the following might, by itself, form a valid basis for an auditor to decide to omit a procedure except for the
a. Difficulty and cost involved in testing a particular item b. Assessment of the risks of material misstatement at a low-level c. Inherent risk involved d. Relationship between the cost of obtaining evidence and its usefulness
The purpose of compensatory damages is to ________
A) put the victim in the position he or she would have been in had the tort never taken place B) recognize that the plaintiff has been wronged C) punish the defendant D) evaluate the extent of damages caused by the defendant in order to deliver a suitable prison sentence