The Increase in the Number of Surgeries Performed Outside Hospitals

question 119

Multiple Choice

The increase in the number of surgeries performed outside hospitals will tend to shift the ________ curve for medical services to the ________.

• A)demand; left
• B)demand; right
• C)supply; left
• D)supply; right

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Definitions:

Consolidation

The process of combining financial statements of separate subsidiaries, divisions or entities within an organization into a single, comprehensive financial statement.

Buildings Account

An account in the financial statements that represents the value of a company's buildings as assets.

Unamortized Patent

The cost of a patent that has not yet been gradually written off as an expense over its useful life.

Adjustment Necessary

A modification or change required to correct or update financial records and statements to accurately reflect the financial status of an entity.