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katovenus [111]
3 years ago
6

The role of finance in healthcare has increased in importance over time because the finance function must support a multitude of

activities, such as cost containment, payer negotiations, and joint venture activities.
Business
1 answer:
kumpel [21]3 years ago
3 0

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.

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A reference group acts as a point of comparison and as a source of information for an individual.
Eva8 [605]

Answer:

True

Explanation:

A reference group is that group in which the comparison is made between the individual person or the group as the case may be.

In this group, the evaluation of individual taken place with respect to nature, behaviors, and characteristics so that they can know about them i.e performance, aims, etc

Thus, it is a mix of comparison, evaluation, and personal attributes

7 0
3 years ago
The purpose of safety stock is​ to: A. eliminate the possibility of a stockout. B. control the likelihood of a stockout due to v
NeX [460]
<h3>Hello there!</h3>

Your question asks what the purpose of a safety stock is.

<h3>Answer: B). control the likelihood of a stock out due to variable demand​ and/or lead time.</h3>

The reason why answer choice "B). control the likelihood of a stock out due to variable demand​ and/or lead time" is the correct answer because companies have safety stocks to control the chances of having a stock out.

Safety stocks are also known as a "reserve" for a company, in other words, stocks that a company doesn't touch. It's to ensure that companies don't go through a time where there's an increase in demand while there is a "delay" in production.

If a companies stock demand goes up, but then they can't "produce" the amount that is needed to meet the demand, then they will go through "stock out" and have to go through what is called "stock out costs."

Safety stocks are also known as a "rainy-day" stock, due to the fact that safety stocks are used when a company are not having a great day with the "demand" / "value" of their stocks. It's just to "ensure" / "keep the company safe" from a huge stock out.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
6 0
3 years ago
Maddy has been performing at a very high level at a firm, and so when two of her colleagues who are currently leading other deve
tatuchka [14]
<span>The second team is currently in the requirements phase of their project. In this phase, the team would plan and spell out exactly what is required of the system that they are constructing. This phase comes with heavy input from stakeholders who help define the scope and nature of the project.</span>
5 0
3 years ago
Many consumers consider goods X and Y to be complements. If there is an increase in the price of good X, then (all else the same
Lemur [1.5K]

Answer:

False

Explanation:

Complement goods are goods that are consumed together.

If the price of good X increases, producers would increase their supply of good Y and X.

An increase in supply shifts the supply curve to the right.

I hope my answer helps you

5 0
3 years ago
Imagine that a certain uncle or your whom you don't often see, takes a special interest in your education and sometimes sends yo
VashaNatasha [74]

Explanation:

Dear uncle,

First of all I would like to thank you for all the attention you have given to my education, it is clear that your financial contribution has helped me a lot to achieve my academic goals, but I am proud to have in my family a person like you, who considers the education an opportunity for life and future change for me and the country.

So I come to bring you news about my college that I am sure will make you happy! In this semester I wrote a scientific article on environmental management that was highly praised by my professors and colleagues, and made me receive an invitation to present at a management and technology congress at a renowned college in the region. This topic is very relevant today and I am happy to be a disseminator of such a relevant subject.

Just as you have given me an opportunity to have a better future through studies, I will endeavor to disseminate relevant information that relates management and environmental sustainability as tools for promoting environmental responsibility in organizations, so that in the future companies will not only be profitable, be instruments that protect the environment and guarantee the quality of life of future generations.

With love,

your dear niece

6 0
2 years ago
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