Which Statement Best Summarizes All of the Changes Resulting from Attempts

question 6

Multiple Choice

Which statement best summarizes all of the changes resulting from attempts to control costs?

• A)Conflict between providers,patients,employer,and insurance plans raged
• B)Costs were controlled,at least temporarily
• C)Demand for health care drastically dropped
• D)Most employers discontinued their insurance plans for employees.

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Definitions:

Planning Budget

A financial plan that outlines the expected income and expenses for a specific period, typically used by businesses to allocate resources efficiently.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for a more accurate comparison of actual to budgeted performance.

Servicing Materials

Materials and supplies used in the maintenance and repair of machinery or equipment during the production process or in providing services.

Flexible Budget

A budget designed to adapt to variations in activity or volume levels.