Answered

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Which of these people is responsible for the day-to-day management of the hospital?

A. Board of Directors
B. COO
C. CFO
D. CEO

Sagot :

GinnyAnsweridn

Final answer:

The COO is responsible for day-to-day hospital management, while the Board of Directors provides governance, and corporate governance involves oversight by large investors.


Explanation:

The Chief Operating Officer (COO) is responsible for the day-to-day management of the hospital. They oversee the organization's daily operations, ensure that the hospital functions efficiently, and implement strategies to achieve its goals.

The role of the Board of Directors is to provide governance and oversight for top executives, including the CEO. They are elected by shareholders to ensure that the firm is run in the best interests of the owners.

In the corporate governance structure, large investors like mutual funds play a role in overseeing companies. Corporate governance is essential to maintain transparency and accountability within organizations.


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