Clinic A provides free healthcare to all members of the community, funded by the central Government.

Question

Clinic A provides free healthcare to all members of the community, funded by the central Government.
Clinic B provides 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?

Accepted Answer

E. Clinic A and B will have the same primary non financial objective - provision of quality of health care.

Answer

A. Clinic A is a not-for-profit organisation while Y is a for-profit organisation.

Answer

B. Clinic A and B have the same primary financial objective - to maximise shareholder wealth.

Answer

C. The performance of X will be appraised primarily on the basis of value for money.

Answer

D. Clinic B is likely to have a mixture of financial and non-financial objectives.

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CIMA Strategic F3 Question # 8 Topic 1 Discussion

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