Benchmarks Established Using a Hospital's Own Historical Performance Data Are

question 3

Multiple Choice

Benchmarks established using a hospital's own historical performance data are:

• A) Industry benchmarks
• B) External Benchmarks
• C) Derived benchmarks
• D) Internal benchmarks

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.

Agent Negotiation

The process by which a representative or agent acts on behalf of another party in negotiating terms or deals.

Partial Performance

In contract law, the situation where only a part of the agreed work or service has been completed, often leading to legal or contractual issues.

Oral Contract

An agreement between two or more parties that is made verbally and is as legally binding as a written contract, albeit more difficult to prove.