Some Future Trends in Hospital Purchasing Include All of the Following

question 4

Multiple Choice

Some future trends in hospital purchasing include all of the following except:

• A) Less standardization of products to meet broader patient and physician needs
• B) Increased use of EDI purchasing
• C) Increased use of automated requisitioning and supply chain systems
• D) Smaller, more focused purchasing staffs

Assess the utility and methodology of engaging potential customers in the validation of a business idea.

Appreciate the advantages and limitations of using visuals in presenting business plans.

Understand the basic terminology and concepts of design thinking.

Recognize the importance of empathy and human-centered design in the design thinking process.

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Definitions:

Discounting

The process of determining the present value of future cash flows by applying a discount rate to reflect time value of money and risk.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity of loanable funds supplied.

Domestic Output

The total value of all goods and services produced within a country's boundaries over a specific time period.

Capital Goods

Physical assets that are used in the production process to manufacture goods and services, including buildings, machinery, and equipment.