Final answer:
True, privately owned health care organizations such as private hospitals follow FASB standards, but not those exclusively meant for not-for-profits, to ensure their financial reports are consistent and transparent for investors.
Step-by-step explanation:
The statement that health care organizations which are privately owned and operated to provide a return to investors follow Financial Accounting Standards Board (FASB) standards excluding those standards specifically for not-for-profits is true. Private businesses, including private hospitals, use FASB standards to report their accounting information. Unlike not-for-profit organizations, which may have some specific standards to adhere to, private companies must follow the broader set of FASB standards in order to provide accurate financial information to investors and stakeholders. These standards ensure that financial reports are consistent, comparable, and transparent, which is crucial for investment decision-making.