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CIMAPRA19-F03-1 Exam - Topic 5 Question 110 Discussion

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?
E) X and Y will have the same primary non financialobjective - provision of quality of health care.
A) X is a not-for-profit organisation while Y is a for-profit organisation.
B) X and Y have the same primary financialobjective - to maximise shareholder wealth.
C) The performance of X will be appraised primarily on the basis of value for money.
D) Only Y islikely to have a mixture of financial and non-financial objectives.

CIMAPRA19-F03-1 Exam - Topic 5 Question 110 Discussion

Actual exam question for CIMA's CIMAPRA19-F03-1 exam
Question #: 110
Topic #: 5
[All CIMAPRA19-F03-1 Questions]

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?

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Suggested Answer: E

by Broderick at May 04, 2025, 06:20 AM

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Freeman
7 months ago
C makes sense, X focuses on value for money.
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Stevie
7 months ago
Disagree with B, Y's goal is profit, not just maximizing wealth.
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Han
7 months ago
A is definitely true, X is not-for-profit.
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Rebbecca
8 months ago
D seems off, can't believe only Y has mixed objectives.
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Venita
8 months ago
E is spot on, both aim for quality healthcare!
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Lavonna
8 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?
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Justine
8 months ago
C sounds right to me because I think value for money is crucial for public services like HospitalX.
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Lili
8 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.
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Nu
9 months ago
I remember discussing how HospitalX is not-for-profit, so I think A is definitely correct.
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Royal
9 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.
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Kallie
9 months 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.
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Anjelica
9 months 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.
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Ivette
9 months 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.
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Cassie
10 months ago
This question seems straightforward, but I want to make sure I understand the key differences between the two organizations before selecting my answers.
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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.
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Maurine
12 months ago
I'm not sure about the shareholders of Y getting free healthcare, but it's an interesting question.
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Gearldine
1 year ago
D) Only Y is likely to have a mixture of financial and non-financial objectives.
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Elli
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
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Loreta
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.
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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.
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Yesenia
1 year ago
Y is all about making money, so A is correct.
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Nu
1 year ago
I agree, X is definitely a not-for-profit organization.
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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.
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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.
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Gilbert
1 year ago
User3: Y is likely to have a mix of financial and non-financial goals, so D is also correct.
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Evette
1 year ago
User2: I agree, X will be appraised on value for money, so C is correct.
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Aliza
1 year ago
User1: I think A is correct, X is a not-for-profit organization while Y is for-profit.
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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.
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Fletcher
1 year ago
E) X and Y will have the same primary non financial objective - provision of quality of health care.
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Loreta
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
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Hoa
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.
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Terrilyn
1 year ago
I agree with that. Statement C is also correct because X's performance will be based on value for money.
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Jesus
1 year ago
I think statement A is correct because X is not-for-profit and Y is for-profit.
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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.
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Deonna
1 year ago
That's true, X's objective is to provide quality healthcare efficiently.
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Eliseo
1 year ago
Yes, X is funded by the government so value for money is important.
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Lashawnda
1 year ago
C) The performance of X will be appraised primarily on the basis of value for money.
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Man
1 year ago
A) X is a not-for-profit organisation while Y is a for-profit organisation.
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