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Use the Following Information to Answer the Questions Below

question 34

Multiple Choice

Use the following information to answer the questions below.
In the process of long-range planning at Rocky Mountain Hospital, Health Information Services defined its future business opportunities.A commitment was made to an optical imaging system and service to be implemented at the first of the year.The system would have the capacity for serving physician offices through a space rental and service program in addition to meeting the needs of the department.It was estimated by the health information manager that the hardware and software components of the optical imaging system would cost approximately $100,000 (with an estimated useful life of 5 years) , and a 3-year lease for one van (with a useful life of 5 years) would cost $7000 annually.The goal was to service 100 offices the first year, 200 offices the second year, and 300 offices the third and successive years at $150 a month.The accounting department uses straight-line depreciation; that is, equal amounts of depreciation expenses are recognized for each year the asset is assumed to be used.
-Because the proposed imaging system is competing with other departmental proposals for authorized funding, what capital evaluation measure, in particular, is expected to be analyzed before the hospital makes an objective decision?

Definitions:

Within-Family Differences

Variations or disparities in characteristics, traits, or behaviors among members of the same family.

Between-Family Differences

Variations in characteristics, behaviors, or conditions observed between different families.

Socioeconomic Classes

Categories of people based on their economic and social position, commonly determined by income, education, and occupation.

Family Environment

encompasses the social and emotional atmosphere in which a person grows up or lives, including relationships with family members and the way family functions.