Which of the Following Best Describes the Quality of Nursing-Home

question 131

Multiple Choice

Which of the following best describes the quality of nursing-home care in the United States?

• A) typically excellent
• B) good to average, for the most part
• C) varies from excellent to substandard, but mainly fair to poor
• D) uniformly poor

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Definitions:

Variable Cost

A cost that varies directly with the level of production or sales volume.

High-low Method

A method applied in cost accounting that calculates fixed and variable expenses by analyzing the maximum and minimum activity levels.

Variable Component

The portion of cost or expense that varies directly with changes in output or activity level.

Pre-tax Income

Pre-tax Income is the amount of income earned by a business before any taxes have been deducted.