Which of the Following Is NOT a Characteristic of an Organizational

question 15

Multiple Choice

Which of the following is NOT a characteristic of an organizational mission statement?

• A)Defines similarities with other health care organizations of its type.
• B)Identifies the scope of operations.
• C)An enduring statement of purpose.
• D)Identifies the scope of products and services.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good versus what they actually receive.

Marginal Benefit

Marginal benefit is the additional satisfaction or utility received by consuming one more unit of a good or service.

Marginal Cost

The cost attached to the production of one additional unit of a good or service.

Competitive Market

A competitive market is one where there are many buyers and sellers so that no single buyer or seller can influence the price or terms of products.