Multiple Choice
Costs are classified as fixed, variable or mixed. Which is an example of a fixed cost?
A) Pro-rated utilities according to the square footage of the department or area
B) Patient census and levels of acuity
C) Medicare and Medicaid prospective reimbursement
D) Staff nurse salaries negotiated with the union in a five year contract
Correct Answer:
Verified
Correct Answer:
Verified
Q15: What is the primary purpose of expense
Q16: You have been asked to prepare an
Q17: Which health care services are reimbursed according
Q18: Which of the following is a major
Q19: Who should be actively engaged, and involved,
Q21: A budget variance can be interpreted, or
Q22: What part of Medicare covers the cost
Q23: Which financial management function can be described
Q24: Select a type of variance that is
Q25: You observe a positive variance in terms