Labor Cost Can Consume 70% of the Profits of a Healthcare

question 19

True/False

Labor cost can consume 70% of the profits of a healthcare facility.

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Definitions:

Primary groups

Small, close-knit, and usually face-to-face social groups in which relationships are personal, intimate, and enduring.

Reference groups

Groups that individuals compare themselves to for the purpose of evaluating their behaviors, attitudes, and values.

Primary groups

Small social groups characterized by close, personal, and enduring relationships, such as family or close friends.

Long-term

Pertaining to a prolonged period of time, often extending beyond what is usual or expected.