A Hospital Examines Its Processes Closely and Then Changes Them

question 9

Multiple Choice

A hospital examines its processes closely and then changes them radically to become more patient-centered.Among the changes are new ways of doing tasks and new groupings of workers.This is an example of

• A) restructuring.
• B) reengineering.
• C) total quality management (TQM).
• D) benchmarking.
• E) downsizing.

---

Definitions:

Journal Entries

The foundational records in accounting that detail all financial transactions, using debits and credits to maintain balance.

Cash Flow Hedge

A type of hedge that is used to manage exposure to variability in cash flows that is attributable to a particular risk associated with a recognized asset or liability or a forecasted transaction.

Forward Contract

A tailor-made deal between two participants to transfer an asset at a fixed price on a specified future date.

Net Method

An accounting method that records the net of discounts or expenses directly on invoices at the time of purchase or sale.