Answer:
True
Explanation:
The finance function is a shared function, it supports almost all the sections in a business enterprise. the role of finance in health cuts across all departments.
In the area of cost containment, the finance unit is the cost leader, it is the unit that lead and drive any cost control measure in an organization and healthcare sector is an exception.
The finance section participates directly and also provides the financial data that helps in negotiating with suppliers and demanding for various kinds of discounts and rebates.
The finance role in Joint venture activities cannot be over emphasized, it is the unit that keeps record of transactions and measure the profit or loss from the venture and advise management on the appropriate course of action.
The budget and budgetary control that drives operation of the heath sector is handled by the finance unit.
Answer:
Direct marketing
Explanation:
In simple words, Direct marketing can be defined as a means to convey an bid, through which companies communicate individually with a pre - specified client and provide a specific answer process. This method is also regarded, by professionals, as direct reaction advertising.
Thus, from the above we can conclude that the the company should employee direct marketing tools.
Answer: A - nominal wages are slow to adjust to changing economic conditions
Explanation:
In the short run, the costs of many of the factors used in the production process are fixed. For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.
As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.
Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.
Answer:
Money serves as a medium of exchange, as a store of value, and as a unit of account.
