Assume That There Are 335,104 New Cases of Gonorrhea Reported

question 4

Multiple Choice

Assume that there are 335,104 new cases of gonorrhea reported among the U.S. population. When calculated, this would be 115.2 per 100,000 or approximately 1 reported case per 1,000 population. The value represents ______.

• A) prevalence rate
• B) incidence rate
• C) morbidity rate
• D) mortality rate

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Definitions:

Direct Labor

Labor costs directly associated with the manufacture of specific goods or the delivery of specific services, representing wage expenses for personnel involved in production.

Absorption Costing

An accounting strategy where the price of manufacturing a product is determined by adding up expenses on direct materials, direct labor, and every overhead cost, be it variable or fixed.

Markup

The extra charge applied to the acquisition cost of items intended to offset operating costs and secure a profit, which defines their market price.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from the investment by its cost.