To allocate the cost of Financial Services in a Health Care setting a. Patient r
ID: 2417199 • Letter: T
Question
To allocate the cost of Financial Services in a Health Care setting
a. Patient revenues is a better cost driver.
b. The number of bills is a better cost driver.
c. We are better to not allocate the cost of Financial Services.
d. Using both the number of bills and patient revenues may be the best method.
Which is more likely to be used by a price taker?
a. Target costing,
b. Full cost pricing,
c. Cross subsidization,
d. Marginal cost pricing.
Which is more likely to be used by a price setter wanting to provide a full range of services to constituents at various wealth levels?
a. Target costing
b. Full cost pricing
c. Cross subsidization
d. Marginal cost pricing
Government intervention in healthcare, to insure care for the poor, will likely move healthcare providers toward
a. Being price takers and using target costing
b. Being price setters and using target costing
c. Being price setters and using cross subsidization
d. Being price takers and using cross subsidization
If long-run prices are set on the basis of marginal costs, the organization may
a. not recover its total costs.
b. not recover its direct costs.
c. temporarily build market share.
d. not recover its overhead fixed costs.
e. all of the above.
To set capitation rates, which method is best?
a. fee-for-service method,
b. demographic approach,
c. budgetary, or cost approach,
d. in general, one approach is as good as another.
Which is least likely to change?
a. Corporate goals
b. Vision statement
c. Values statement
d. Mission statement
e. Corporate objectives
Which is most likely the shortest?
a. Vision statement
b. Corporate goals
c. Values statement
d. Mission statement
e. Corporate objectives
Explanation / Answer
To allocate the cost of Financial Services in a Health Care setting
Answer: Patient revenues is a better cost driver
Which is more likely to be used by a price taker?
Answer: Cross subsidization
Which is more likely to be used by a price setter wanting to provide a full range of services to constituents at various wealth levels?
Answer: Marginal cost pricing
Government intervention in healthcare, to insure care for the poor, will likely move healthcare providers toward
Answer: Being price takers and using cross subsidization
If long-run prices are set on the basis of marginal costs, the organization may
Answer: all of the above
To set capitation rates, which method is best?
Answer: fee-for-service method
Which is least likely to change?
Answer: Vision statement
Which is most likely the shortest?
Answer: Corporate objectives
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