The General Approach to Protecting the Public Includes Ensuring a Level

question 5

Multiple Choice

The general approach to protecting the public includes ensuring a level of competency among health care professionals. Licensure is a:

• A) Formal recognition of a person as a professional with competence
• B) Voluntary approach to quality control
• C) Contract between the profession and the state
• D) Mechanism by which a state government agency grants corporate status to institutions

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Definitions:

Breakeven Diagram

A graphical representation that shows the point at which total cost and total revenue are equal, with no net loss or gain.

Total Cost

The complete cost of production that includes both fixed and variable costs.

Breakeven

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Revenue

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.