A health care agency that uses its profits to better the institution rather than paying stockholders would be classified as a
a. for-profit agency.
b. not-for-profit agency.
c. voluntary agency.
d. private agency.
ANS: B
A
For-profit agencies distribute profits earned to partners or stockholders.
B
Not-for-profit agencies use their income to pay personnel, improve services, advertise services, provide educational programs, or otherwise contribute to the mission of the agency.
C
Voluntary agencies can be for-profit agencies.
D
Private agencies can also be for-profit agencies.
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