Financial managers must understand variance between budgeted expectations and actual performance. An INTENSITY VARIANCE reflects
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A. |
the price actually paid for resources and the standard price expectation.
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B. |
the difference between expected service activity and actual service activity
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C. |
the ways in which health care service delivery is directed by physicians.
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D. |
resource utilization as a function of output
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A(n) _________ budget can only be set after the volume and expense budgets are determined.
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A. |
activity
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B. |
zero based
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C. |
revenue
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D. |
statistics
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In reference to our health care industry, PRICE is equal to AVERAGE COST plus REQUIRED PROFIT minus __________
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A. |
loss on MEDICAID patients.
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B. |
loss on FIXED PRICE PAYING patients.
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C. |
loss on MANAGED CARE patients.
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D. |
loss on bad debt.
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