The Annual Report for a Hospital Shows That External Environment

question 9

Multiple Choice

The annual report for a hospital shows that external environment factors are affecting the amount of new staff hired. What is a likely factor contributing to this outcome?

• A) The recent implementation of becoming a not-for-profit institution
• B) The implementation of a hospital electronic medical record system
• C) A national recession that has been occurring for 3 years
• D) The closure of a hospital-based school of nursing due to lack of funding

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Definitions:

DVDs

Digital Versatile Discs, a type of optical storage media used for storing data, including movies and software.

Luxury Good

A good for which demand increases more than proportionally as income rises, often perceived as status symbols.

Economic Downturn

a period of poor economic performance across a country or globally, characterized by reduced consumer spending, business investment, and employment.

Inferior Good

A type of good for which demand decreases as the income of consumers increases.