In Order to Practice Medicine in a Hospital Setting, Physicians

question 29

Multiple Choice

In order to practice medicine in a hospital setting, physicians must have admission privileges granted to them by

• A) their patients.
• B) the Medical Director.
• C) the Board of Directors.
• D) a committee of physicians.

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Definitions:

Direct Materials Cost

The cost of raw materials and components that are directly used in the production of a product.

Direct Labor-hours

Direct labor-hours are the total time workers spend on producing a particular unit of goods or services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production based on a certain activity base, such as labor hours or machine hours.

Production Departments

Units or areas within a manufacturing facility where specific parts of the production process are completed.