Clinic A provides free healthcare to all members of the community, funded by the central Government.

CIMA F3 Question Answer

Clinic B provides healthcare which has to be paid for by the individual patients. It is a listed company, owned by a large number of shareholders.

In comparing the above two organisations and their objectives, which THREE of the following statements are correct?

Clinic A is a not-for-profit organisation while Y is a for-profit organisation.

Clinic A and B have the same primary financial objective - to maximise shareholder wealth.

The performance of X will be appraised primarily on the basis of value for money.

Clinic B is likely to have a mixture of financial and non-financial objectives.

Clinic A and B will have the same primary non financial objective - provision of quality of health care.

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