The Predominate Organizational Form for U.S.hospitals Is Not-For-Profit.Why

question 8

Multiple Choice

The predominate organizational form for U.S.hospitals is not-for-profit.Why?

• A)The profit motive corrupts human behavior
• B)For-profit hospitals do not provide charity care
• C)Private not-for-profit hospitals engage in most of the medical research
• D)The not-for-profit form provides the most benefits to physicians
• E)All of the above

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Definitions:

R&D

R&D stands for research and development, the process of investing time and capital in developing new products, processes, or services, or improving existing ones.

Competitive Industries

Industries in which multiple firms compete, often characterized by high levels of competition which drive innovation and efficiency.

Fast-Second Strategy

Fast-Second Strategy is a business approach where a company quickly follows innovators, improving upon their innovations or successfully commercializing them.

Dominant Firm

A company that has a large market share within its industry, giving it significant market power and the ability to influence market conditions.