SOLVED

11)Accounting: A)creates the product or service. B)tracks the flow of money in and out of a business. C)uses technology to manage information. D)includes the product, price, promotion, and distribution to the customer. 12)Production: A)uses technology to manage information. B)tracks the flow of money in and out of a business. C)includes the product, price, promotion, and distribution to the customer. D)creates the product or service. 13)Information technology: A)creates the product or service. B)tracks the flow of money in and out of a business. C)includes the product, price, promotion, and distribution to the customer. D)uses technology to manage information. 14)Which economic principle influences the cost as well as the availability of goods and services? A)Supply and demand B)Microeconomics C)Recession D)Macroeconomics 15)Shareholders may exist in which business ownership configuration? A)Corporation B)Partnership C)Sole proprietorship D)Collaboration 16)The following part of the economic cycle occurs with increasing inflation and interest rates: A)prosperity. B)recession. C)depression. D)recovery. 17)A decrease in unemployment and interest rates occurs during the following portion of the economic cycle: A)prosperity. B)recession. C)depression. D)recovery. 18)Hospitals would be inclined to purchase major equipment during the ________________ phase. A)prosperity B)recession C)depression D)recovery 19)Profit is: A)money collected from patients and insurance companies for health care services rendered. B)the price paid when an individual or business borrows money. C)revenue minus costs. D)lacking during times of prosperity. 20) A single physician in practice would be an example of a: A) sole proprietorship. B) partnership. C)corporation. D)antitrust. 21)The Hill Burton Act: A)is part of the Social Security Act. B)prohibits referrals to clinical lab services where the provider has a financial interest. C)involved the federal government funding construction of private facilities pursuant to a Certificate of Need. D)provides for health insurance portability and protects the privacy of health records. 22)All of the following are a part of a SWOT analysis except: A)evaluate opportunities. B)identify threats. C)devise an action plan. D)identify weaknesses. 23)The Stark I law: A)contains special provisions to protect laid-off workers and to encourage electronic records technology. B)prohibits referrals to clinical lab services where the provider has a financial interest. C)involved the federal government funding construction of private facilities pursuant to a Certificate of Need. D)provides for health insurance portability and protects the privacy of health records. 24)A not-for-profit hospital is described by all of the following except: A)may focus on serving the poor. B)is not focused on profits. C)may lose money on many of its poor patients. D)has a goal of making money. 25) A market economy is described by all of the following except: A) is also called a private system. B)is called a free enterprise system. C) has competition as its central feature. D)is not concerned with profit.