Hospitals in the United States Have What Forms of Ownership

question 18

Multiple Choice

Hospitals in the United States have what forms of ownership? (Select all that apply. )

• A)Sick fund hospitals
• B)Public
• C)Socialized
• D)Private for-profit
• E)Private nonprofit

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Definitions:

Year-End Financial Statements

Reports prepared at the end of an accounting period, summarizing the financial status and operating results of a business.

Management

involves the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to achieve its objectives.

Withdrawals

The act of taking out funds from a bank account or the removal of assets from a business by the owner for personal use.

Owner's Equity

Represents the share of the company's assets that belongs to the owners after all debts have been paid.