A Nongovernmental Process Designed to Ensure the Competence of Individual

question 6

Multiple Choice

A nongovernmental process designed to ensure the competence of individual health professionals based upon completion of educational requirements and performance on an examination or other evaluation procedure is an example of which of the following?

• A) Licensure
• B) Certification
• C) Accreditation

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Definitions:

Accounting Break-Even

The point at which an organization's revenues exactly cover its expenses, excluding interest and taxes, resulting in neither profit nor loss.

Straight-Line Depreciation

This method of depreciation spreads the cost evenly across the useful life of a fixed asset, resulting in consistent annual charges.

Variable Cost

Financial charges that are tied to the extent of production levels.

IRR

Internal Rate of Return; a financial metric used to estimate the profitability of potential investments.