The End-Result System Was Proposed By

question 1

Multiple Choice

The end-result system was proposed by:

• A) Florence Nightingale and it tracked the number of patient deaths.
• B) Joseph Juran and it focused on quality improvement as a process.
• C) Ernest Codman and it linked hospital treatment to patient outcomes.
• D) Avedis Donabedian and it focused on total quality management (TQM).

Evaluate the role of cultural and market understanding in implementing international strategies.

Discuss the challenges and strategic decisions involved in achieving global integration while maintaining local responsiveness.

Understand the role of knowledge flow and innovation in global business strategies.

Understand the concept and purpose of adjusting entries in accounting.

---

Definitions:

Retained Earnings

Profits generated by a company that are not distributed to shareholders as dividends but are instead reinvested in the business or held for future use.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term liquidity.

Current Assets

Current assets are short-term assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.