What Type of Accounting Method Is Utilized by HIM Directors

question 21

Multiple Choice

What type of accounting method is utilized by HIM directors (in terms of expenses) ?

• A) Cash method
• B) Tax liability method
• C) Accrual method
• D) Profit method

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Definitions:

Cigarette Tax

A levy imposed by governments on the sale of cigarettes to reduce consumption and generate revenue, often used for public health initiatives.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation.

Vertical Equity

A principle of fairness in taxation that dictates taxpayers with a greater ability to pay should contribute more in taxes.

Cardio-Vascular Diseases

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke.