For Each of the Following, Indicate Whether the Cost Would

question 23

Multiple Choice

For each of the following, indicate whether the cost would typically be considered a product or period cost for the cost object given.
-Salary of plant manager

• A)Product
• B)Period

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Definitions:

Quality of Care

The degree to which health care services for individuals and populations increase the likelihood of desired health outcomes and are consistent with current professional knowledge.

Managed Care

A healthcare delivery system designed to manage cost, utilization, and quality, often through coordination of care and provider networks.

Institutional Isomorphism

A concept in sociology that explains how institutions tend to become more similar to one another over time due to various pressures that encourage standardization.

Preferred Provider

A healthcare provider who has a contract with an insurer to provide services to plan members for specific pre-negotiated rates.