Strictly from a Quality Standpoint, Which of the Following Organizations

question 1454

Multiple Choice

Strictly from a quality standpoint, which of the following organizations was a forerunner of the evaluation of medical care?

• A) Joint Commission on Accreditation of Health care Organizations (Joint Commission)
• B) Peer Review Organizations (PRO)
• C) Professional Standards Review Organization (PSRO)
• D) Health Care Financing Administration (HCFA)

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Definitions:

Consolidated Retained Earnings

The cumulative amount of profits kept by a parent company and its subsidiaries after dividends have been paid.

Statement of Financial Position

A financial report detailing a company's assets, liabilities, and equity at a particular moment, offering a glimpse into its financial status.

Impairment Loss

The amount by which the carrying amount of an asset exceeds its recoverable amount, leading to a decrease in the asset's value on the balance sheet.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after intercompany transactions have been eliminated, as presented in the consolidated financial statements.