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?

• A) Net present value
• B) Payback method
• C) Account rate of return
• D) Both b and c

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Definitions:

PR Documentation

refers to the collection of records, evidence, and materials that outline public relations strategies, efforts, and outcomes in promoting a brand or organization.

PR Spending

The amount of money allocated by organizations to public relations activities, aimed at managing and enhancing their public image and communications with various stakeholders.

Writing Clearly

The practice of conveying messages in a straightforward and understandable manner, ensuring that the intended audience easily comprehends the text.

Effective PR

Effective PR encompasses strategies and tactics used by organizations to communicate positively with the public, clients, and stakeholders to maintain or enhance their reputation.