In an ABC System, an Activity Is Best Defined as A

question 33

Multiple Choice

In an ABC system, an activity is best defined as a:

• A) Type of task performed in an organization
• B) Collection of activities in a particular department
• C) Collection of cost drivers associated with a particular cost pool
• D) Group of cost pools associated with a particular department

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Definitions:

Company Policies

Guiding principles and procedures established by a company to dictate behavior and decisions in various situations within the business.

Business Values

Fundamental beliefs or principles that guide the actions and decisions of a business organization.

Capitated Payment

A payment scheme in healthcare where providers are paid a set amount for each enrolled patient regardless of the number of services provided, encouraging efficient care.

Dollars Per Patient

A metric to measure healthcare costs or revenue that associates the amount of dollars spent or earned with each patient.