When a Practice's Income Exceeds Its Expenses, the Practice Has

question 17

Short Answer

When a practice's income exceeds its expenses, the practice has a(n) ________; this is also known as "being in the black."

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Definitions:

Empowerment

The process of giving individuals or groups the power and resources to make decisions, take actions, and affect change.

Tangibles

Physical items or properties that can be seen, touched, and quantified, as opposed to intangible assets like patents or trademarks.

Service Quality

The evaluation of how well a delivered service meets or exceeds customers' expectations and needs.

Performance Gap

The difference between the actual performance of an organization and its potential or desired performance.