The Primary Reason for Calculating Productive Hours Paid Instead of Simply

question 14

Multiple Choice

The primary reason for calculating productive hours paid instead of simply calculating work paid per year is that productive hours enable the manager to:

• A)Anticipate total costs for patient care.
• B)Know how much time staff will likely be unavailable because of illness.
• C)Determine when orientation needs to occur for new staff.
• D)Determine the number of hours available for patient care.

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Definitions:

Goodwill

A non-physical asset that is recognized when one business buys another at a cost exceeding the fair market value of its net recognizable assets.

Goodwill

An intangible asset that represents the premium paid over the fair value of the net identifiable assets of a company during an acquisition.

Initial Value Method

An accounting method used to record investments at their acquisition cost.