Match Each Item with a Statement Below

question 18

Multiple Choice

Match each item with a statement below:

-Establishes standardized terminology and data formats for public and private sector reporting requirements

• A)health information exchange (HIE)
• B)reporting and population health management
• C)electronic communication and connectivity
• D)results management
• E)the Affordable Care Act (ACA)
• F)patient support
• G)decision support
• H)health information and data
• I)administrative processes
• J)order entry and support

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Definitions:

Absorption Costing

A financial recording strategy that encompasses all costs related to production, such as raw materials, labor directly associated with the production, and all overhead expenses, whether they vary or are fixed, as part of a product's cost.

Variable Costing

An accounting method where only variable manufacturing costs are included in product costs, with fixed overhead expenses treated as period costs.

Variable Costing

This costing method includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Variable Production Costs

Costs that vary directly with the level of production output, such as raw materials andDirect labor.