In comparing the above two organisations and their objectives, which THREE of the following statements are correct?

Hospital X provides free healthcare to all members of the community, funded by the central Government.

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

View Answer

Answer: A,C,E