1. (TCO 3) You increased rates by 10 percent across all services and profits dec

Question

1. (TCO 3) You increased rates by 10 percent across all services and profits decreased by 5 percent. Cost per unit remained constant. What could account for this change? (Points : 10) Positive price elasticity Negative price elasticity High proportion of fixed price payers High proportion of cost payers 2. (TCO 3) Which of the following is the first step in any budgetary process? (Points : 10) Define standard treatment protocols Define required departmental volumes Define standard cost profiles Define volumes of patients

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