Which of the Following Is True About Quality Metrics

question 1

Multiple Choice

Which of the following is true about quality metrics?

• A) They are real-time indicators of improvement.
• B) They are the leading source of outcome metrics.
• C) They result in the immediate adoption of new policies and procedures.
• D) They can be lagging indicators of improvement.

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Trade Credits

An agreement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

Accounting Methods

The systematic practices a business uses to record and manage its financial transactions.