The Effective and Efficient Delivery of Patient Care Requires That

question 5

Multiple Choice

The effective and efficient delivery of patient care requires that an organization determine its information needs. Organizations that do not centralize their information needs will often suffer from ___________.

• A) centralized and organized databases
• B) scattered databases
• C) consistent reports
• D) efficiency in the use of economic resources

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Definitions:

Expense Accounts

Expense accounts are ledger accounts that track the costs incurred by an organization during its operations.

Cost Accounting Systems

Systems used by businesses to record, measure, and report on costs associated with their operations, to aid in budgeting and performance evaluation.

Production Costs

The cumulative costs involved in creating a product, including labor, materials, and overhead expenses.

Period Costs

Expenses that are not directly tied to the production process and are charged to expense in the period they are incurred, such as selling and administrative expenses.