A Healthcare Business Has a Current Ratio of 1

question 16

Multiple Choice

A healthcare business has a current ratio of 1.5, a quick ratio of 1.3, and a debt to net worth ratio of 2.0. Such a business is most likely to have difficulty with ____.

• A) current liabilities
• B) short-term profits
• C) long-term debt
• D) a forensic audit

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Definitions:

Empowering Leadership

A leadership style focused on providing employees with the authority, resources, and confidence to take initiative and make decisions.

Psychological Empowerment

A state in which individuals feel a sense of control over their work and perceive their tasks as meaningful, leading to increased motivation and satisfaction.

Work Roles

The functions or responsibilities assigned to individuals in a professional setting.

Delegate Effectively

The skill of assigning responsibilities and tasks to others in a manner that ensures successful completion and efficiency.