Consider the Business Application, What Are a Hospitals Costs? The article provides information on the cost per
Question:
Consider the Business Application, “What Are a Hospital’s Costs?” The article provides information on the cost per minute in three areas of the hospital: emergency room, intensive care unit, and the operating room. For what decisions might this information be useful? For what decisions would it not be useful?
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Knowing the cost per minute in the three areas can help hospital admin...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-1259969478
6th edition
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
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