Question

TRUE OR FALSE

1.Both profit and non profits depend upon business & service aspects in order to function well?

2.Profit & non profit hospitals business aspects are based upon supply and demand?

3.There are 5 primary differences between profit and non profit hospitals?

4. Tax status impacts both the hospitals and communities they serve?

5. Major effects on communities hospitals serve are unemployment and poor infrastructure?

6. Schools suffer most from tax status of profit and non profit hospitals?

Answer 1

We know that a for profit motive can raise money from the private investors. The profit is largely depend on the business while as non profit is largely depend in the donations by individuals, organizations etc.

1). The correct option is (False).

2). The correct option is (true).

We know that all hospitals are not only having the profits motive, they are having the motive for benefit of the individual. The supply and demand largely impact the profit and non profit hospitals.

3). The correct option is (True).

These five differences are as:-

Tax Status.
Operational Discipline.
Financial Pressure.
Scale.
Competitive Edge.

4). The correct option is (true).

The hospitals serve the communities,from providing access to medical care for patients in rural areas to supporting cutting-edge medical research and innovations. The higher tax rates impacts the both

5). The correct option is (True).

The community hospitals are having the negative impact on the employment and they are also having the poor infrastructure.

6). The correct option is (true).

Schools suffer a lot from the legitimate financial problems, these are usually due to the tax status of profit and non profit hospitals.

Hope you got the answer.

Kindly comment for further explanation.

Thanks ?