What Action Must a Hospital with a Financial Status 'In

question 6

Multiple Choice

What action must a hospital with a financial status 'in the red' take?

• A)Open additional beds
• B)Return the surplus funds to the ministry of health
• C)Increase services and staffing
• D)Find ways to reduce costs or to be approved for extra funding

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Definitions:

Checkable Deposits

Bank account balances that can be drawn upon by writing a check or using a debit card, functioning as money for everyday transactions.

Money Supply

The aggregate of cash and banking deposits that constitute the financial assets within an economy at a particular time.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties, commonly accepted in the form of money.

Barter

The exchange of goods and services between parties without the use of money as a medium of exchange.