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Employees Need to Compare Different Types of Information for What

question 38

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Employees need to compare different types of information for what they commonly reveal to make strategic decisions. Which of the below represents the three common types of information found throughout an organization?


Definitions:

Year-To-Date Information

Data gathered or accumulated from the beginning of the current calendar or fiscal year up to the present date.

Assets

Anything owned that has exchange value; all the entries on a balance sheet that show the property or resources of a person or business; the money and items of value in a business.

Gross Collection Ratio Formula

A financial metric used in healthcare to measure the percentage of total charges collected out of the total charges billed to patients and insurance companies.

Total Charges

The complete amount of money required or demanded for a service or goods, often including all additional fees and taxes.

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