The Education Consultant for the Hospital Is Presenting a Workshop

question 5

Multiple Choice

The education consultant for the hospital is presenting a workshop titled "Documentation: A Manager's Responsibility." Which of the following points would she not include in her PowerPoint presentation? Documentation:

• A) cannot be left to memory. A notation must be placed in the personnel file.
• B) should avoid discussion of the problem.
• C) should include what was done about the problem when it occurred.
• D) needs to include date, time, and place.

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Definitions:

Solvency

The ability of an entity to pay its long-term debts and financial obligations as they become due.

Cash Ratio

A liquidity ratio that measures a company's ability to repay short-term obligations with cash and cash equivalents alone.

Days To Collect

A financial metric that estimates the average number of days it takes a company to collect payment after a sale has been made, also known as the accounts receivable turnover in days.

Receivables

Money owed to a company by its customers or other parties for goods or services provided on credit, recorded as an asset on the balance sheet.