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HospitalXprovides free healthcare to all members of the community, funded by the central Government.
HospitalYprovides healthcare which has to be paid for by the individual patients. It is a listed company, owned by a large number of shareholders.
In comparing the above two organisations and their objectives, which THREE of the following statements are correct?
Suggested Answer: E
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38 comments · newest first
FR
Freeman
10 months ago
C makes sense, X focuses on value for money.
ST
Stevie
10 months ago
Disagree with B, Y's goal is profit, not just maximizing wealth.
HA
Han
10 months ago
A is definitely true, X is not-for-profit.
RE
Rebbecca
11 months ago
D seems off, can't believe only Y has mixed objectives.
VE
Venita
11 months ago
E is spot on, both aim for quality healthcare!
LA
Lavonna
11 months ago
I practiced a question similar to D, and I think it’s misleading. Both hospitals can have financial and non-financial objectives, right?
JU
Justine
11 months ago
C sounds right to me because I think value for money is crucial for public services like HospitalX.
LI
Lili
12 months ago
I'm not so sure about B. I feel like for-profit organizations focus more on maximizing shareholder wealth, while non-profits have different goals.
NU
Nu
12 months ago
I remember discussing how HospitalX is not-for-profit, so I think A is definitely correct.
RO
Royal
12 months ago
I feel pretty confident about this one. I think the key is to identify the core differences in their structures and objectives, and then select the three statements that best capture those distinctions.
KA
Kallie
1 year ago
I'm a bit confused about the non-financial objectives. The question mentions that they might have different or similar non-financial goals, but it's not totally clear what those would be. I'll need to think that through carefully.
AN
Anjelica
1 year ago
Yeah, that's a good point. I think the key is to focus on the primary objectives and financial structures of the two organizations. We'll need to carefully consider how those factors might impact their decision-making and performance.
IV
Ivette
1 year ago
Okay, let's see. The first thing I noticed is that X is a not-for-profit funded by the government, while Y is a for-profit company owned by shareholders. That's a pretty big distinction.
CA
Cassie
1 year ago
This question seems straightforward, but I want to make sure I understand the key differences between the two organizations before selecting my answers.
NE
Nettie
1 year ago
I'll have to go with A, C, and D. Seems like a no-brainer to me. Although, I do wonder if the shareholders of Y get free healthcare too. Asking for a friend.
MA
Maurine
1 year ago
I'm not sure about the shareholders of Y getting free healthcare, but it's an interesting question.
GE
Gearldine
1 year ago
D) Only Y is likely to have a mixture of financial and non-financial objectives.
EL
Elli
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
LO
Loreta
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.
AL
Alonzo
1 year ago
This is easy - A, C, and E. X and Y are polar opposites, one is all about profits, the other about serving the community.
YE
Yesenia
1 year ago
Y is all about making money, so A is correct.
NU
Nu
1 year ago
I agree, X is definitely a not-for-profit organization.
TR
Tracey
1 year ago
I believe statement D is true as well. Y is likely to have a mixture of financial and non-financial objectives.
VE
Verdell
1 year ago
I'm going with A, C, and D. Y as a listed company will likely have a mix of financial and non-financial goals, unlike the solely non-profit X.
GI
Gilbert
1 year ago
User3: Y is likely to have a mix of financial and non-financial goals, so D is also correct.
EV
Evette
1 year ago
User2: I agree, X will be appraised on value for money, so C is correct.
AL
Aliza
1 year ago
User1: I think A is correct, X is a not-for-profit organization while Y is for-profit.
ST
Stefany
1 year ago
B is clearly wrong. X and Y have completely different objectives - X is focused on providing free healthcare, while Y is a for-profit company.
FL
Fletcher
1 year ago
E) X and Y will have the same primary non financial objective - provision of quality of health care.
LO
Loreta
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
HO
Hoa
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.
TE
Terrilyn
1 year ago
I agree with that. Statement C is also correct because X's performance will be based on value for money.
JE
Jesus
1 year ago
I think statement A is correct because X is not-for-profit and Y is for-profit.
BE
Belen
1 year ago
A and C are definitely correct. X is a not-for-profit funded by the government, so its performance will be assessed on value for money.
DE
Deonna
1 year ago
That's true, X's objective is to provide quality healthcare efficiently.
EL
Eliseo
1 year ago
Yes, X is funded by the government so value for money is important.
LA
Lashawnda
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
MA
Man
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.