A Set of Rules or Regulations That Hospital Employees Are

question 25

Multiple Choice

A set of rules or regulations that hospital employees are required to follow, created to protect patients and employees from harm and to ensure the smooth operation of the hospital, is called ________.

• A) code of ethics
• B) operative consents
• C) hospital policy
• D) medical practice acts

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Definitions:

Profit Margin

A financial ratio indicating the percentage of revenue that exceeds the cost of goods sold, representing the proportion of each dollar of revenue that constitutes net profit.

ROA

Return on Assets, a financial ratio indicating how profitable a company is relative to its total assets.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that companies use for financial reporting.

GAAP

General Accepted Accounting Principles, which are a set of accounting standards and procedures used in the US to ensure consistency in financial reporting.