Guareno Clinic Uses Client-Visits as Its Measure of Activity

question 153

Multiple Choice

Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Actual results for December:
The administrative expenses in the planning budget for December would be closest to:

• A) $4,210
• B) $4,290
• C) $4,300
• D) $4,296

Identifying the roles and responsibilities of regulatory bodies (e.g., Public Company Accounting Oversight Board) in maintaining ethical standards in business practices.

Appreciating the role of whistleblowers and legal protections provided under acts such as the Sarbanes-Oxley Act in promoting ethical practices in organizations.

Understand the various methods and tools of performance appraisal.

Recognize the impact of job design on employee motivation and development.

---

Definitions:

Federal Justice Department

The Federal Justice Department is a government agency responsible for enforcement of federal laws, overseeing legal affairs and criminal prosecutions.

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Antitrust Laws

Legislation designed to promote competition and restrict monopolies by regulating anti-competitive practices.

Economic Efficiency

The optimal allocation of resources to maximize the production of goods and services.