Residual Income Is Used as a Performance Measure in Which $\text {\underline{Revenue } }$

question 46

Multiple Choice

Residual income is used as a performance measure in which of the following types of centers?
$\text {\underline{Revenue } }$           $\text {\underline{Investment } }$             $\text {\underline{Profit } }$

• A)yes no yes
• B)yes yes yes
• C)no yes yes
• D)no yes no

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Definitions:

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Risk Assessments

The process of identifying, evaluating, and estimating the levels of risks involved in a situation, followed by the application of resources to minimize, control, or eliminate those risks.

American Hospital Association

A national organization that represents and serves all types of hospitals and healthcare networks in the United States, advocating for quality healthcare.

Patient Care Partnership

A framework that outlines the rights and responsibilities of patients within the healthcare system, ensuring they receive respectful and quality care.