In 1946,Great Britain Passed the National Health Service Act

question 104

Multiple Choice

In 1946,Great Britain passed the National Health Service Act.The government sets health care policies,raises funds,and controls the medical care budget,owns health care facilities,and directly employs physicians and other health care personnel.Great Britain exemplifies a:

• A)universal health care system
• B)fee-for-service health care system
• C)socialized medicine system
• D)health maintenance organization system

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Definitions:

Consolidated Financial Statements

Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries.

Parent's Control

Parent's control refers to the influence or authority that a parent company holds over its subsidiaries, managing or directing their operations and strategic decisions.

Subsidiaries

Subsidiaries are companies that are controlled by another company, known as the parent company, through majority ownership of shares.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.