A Healthcare Facility Administrator Considers the Principle of Utility When

question 13

Multiple Choice

A healthcare facility administrator considers the principle of utility when making decisions that affect the employees of the facility. Which of the following describes this principle?

• A) It is based upon absolute truths applied in other situations.
• B) It brings about positive results when generalized to a wide variety of situations.
• C) It is the decision that is desired by the majority.
• D) It is the decision that has the fewest adverse effects on the facility as a whole.

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Definitions:

Cash Donations

Monetary contributions given to organizations, individuals, or entities without expectation of return, often for charitable purposes.

Cash Donation

A monetary contribution made to support a cause, organization, or individual, typically without expecting anything in return.

Fair Value

A financial metric that represents the price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Journal Entries

Journal entries are records in financial accounting that document transactions in chronological order, affecting at least two accounts.