asked 145k views
16 votes
Which of the following is a characteristic of a for-profit healthcare facility?

run by government

uses public funds

focuses on services everyone can afford

owned by private citizens

asked
User KorHosik
by
8.0k points

2 Answers

7 votes

Answer:

D

Step-by-step explanation:

edge

answered
User Avishay
by
8.3k points
6 votes

Answer:

D. owned by private citizens

Step-by-step explanation:

A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.

Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.

Hence, a characteristic of a for-profit healthcare facility is that it is owned by private citizens.

Unlike government agencies or organizations which are being run with public funds and at a subsidized rate (focuses on services everyone can afford), for-profit are mostly owned by private citizens, who are always after making profits from the business.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.