Which of the following statements about hospitals is most correct?
a. Patients at general acute care hospitals typically have long patient stays, often 30 or more days.
b. The number of specialty hospitals has declined over the last three decades.
c. The optimal size for a hospital is roughly 50 beds.
d. The majority of hospitals are public or not for profit (as opposed to investor owned).
e. Most physicians involved with hospital services are hospital employees.
Ans: d. The majority of hospitals are public or not for profit (as opposed to investor owned).
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There is often tension between objectives of increasing market share and increasing profits because:
A) some of the activities required to increase share lower profit margins and increase costs. B) market share and profits cannot be increased simultaneously. C) market penetration strategy, an effective strategy to increase share, usually results in negative earnings. D) market share is a prerequisite to increase in profits.
Which of the following is the BEST description of diversity?
A) different socio-economic backgrounds B) distinct ethical perspectives shared by many C) unified business objectives shared across multiple organizations D) highly skilled workers within a specific discipline