You are a recently appointed board member to a hospital system and have been asked to do research on a possible bond to finance a major hospital renovation. You will need to evaluate various financial information, including?(Select all that apply)

>The financial status of your biggest competitor.

>Monthly income statements.

>A balance sheet.

>Actual-to-budget performance comparisons around financial ratios.

What is the hospital's biggest expense?

>Food >Electricity >Equipment >Labor

How does a balanced scorecard function? (Select all that apply)

>Filters and groups information critical to decision making.

>Provides information only on the key attributes affecting performance.

>Provides benchmark.

>Measures drivers.