Computerized Medical Records Have Promoted ________ in Recent Years,while Industry

question 40

Multiple Choice

Computerized medical records have promoted ________ in recent years,while industry costs are ________.

• A) greater efficiency; declining
• B) greater efficiency; rising
• C) increased privacy; declining
• D) decreased privacy; declining
• E) technology; rising

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Definitions:

High-Low Method

A way to estimate the fixed and variable components of a cost by analyzing the highest and lowest activity levels and their associated costs.

Fixed Cost

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.

Machine Hours

A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products.

High-Low Method

An approach to estimate fixed and variable costs from the highest and lowest activity levels.