Which One of the Following Statements Is True About the Organization

question 13

Multiple Choice

Which one of the following statements is true about the organization of community hospital governing boards?

• A) The membership is composed of employees who are empowered to conduct business on behalf of other employees.
• B) Members are salaried individuals who have a legal responsibility for the quality of care.
• C) The membership is composed of a diverse group, each of whom has a skill that is of value to the function of the board.
• D) The membership is composed largely of individuals who have a medical background.

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Definitions:

Economic Theory

A set of principles, models, and concepts used to explain how economies operate and how economic agents interact.

Fiscal Policy

Government strategies to influence an economy’s direction through spending and taxation decisions.

Monetary Policy

Monetary policy involves the management of a nation's money supply and interest rates by the central bank to control inflation, unemployment, and the exchange rate.

Budget Deficits

A situation in which a government's expenditures exceed its revenues, resulting in the need to borrow money to cover the difference.