Which of the Following Is a True Statement Concerning Financial

Multiple Choice

Which of the following is a true statement concerning financial considerations for the independent health information management consultant?

A) Consultants can ordinarily expect to work at least 260 billable days per year.
B) Consultants rarely have to wait for payment for longer than 90 days, so maintaining cash reserves is not an issue for most consultants.
C) In addition to salary, consulting revenue should cover FICA taxes, office space, equipment, supplies, and other business expenses.
D) Starting a health information management consulting business requires raising a large amount of funding from loans or investors prior to launching the consulting firm.