Which of the Following Statements Best Describe What Happened to the Hospitals

question 13

Multiple Choice

Which of the following statements best describe what happened to the hospitals built or expanded by Hill-Burton Act funds?

• A) Many such hospitals have consolidated or closed.
• B) Not needing to expand, hospitals have used the funds to upgrade their facilities.
• C) They have continued to use such funds to expand.
• D) When funding ceased, so did hospital expansion.

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Definitions:

Agency Costs

Expenses incurred from conflicts of interest between stakeholders and management, including monitoring and structuring costs.

Agency Problem

A conflict of interest inherent in relationships where one party is expected to act in the best interest of another.

Conflict Of Interest

A situation where an individual's personal interests could influence their professional judgments or decisions.

Proxy Fight

A strategy employed by a group of shareholders trying to gain control of a company by persuading other shareholders to vote in a way that opposes the current management's interests.