Match the Legislation with the Appropriate Description

question 5

Multiple Choice

Match the legislation with the appropriate description:
-To reduce Medicare spending, it reduced payments to health service providers

• A)Balanced Budget Act of 1997
• B)Children's Health Insurance Reauthorization Act of 2009 (CHIPRA)
• C)Medicare Prescription Drug, Improvement and Modernization Act (MMA) of 2003
• D)Omnibus Budget Reconciliation Act (OBRA) of 1989
• E)Social Security Act of 1935
• F)State Children's Health Insurance Plan (SCHIP)
• G)Temporary Aid for Needy Families (TANF)

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Definitions:

Units Completed

The total number of units produced and finished during a specific period in the manufacturing process.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service and an integral part of the finished product.

Direct Labor

The labor costs directly associated with the production of goods, including wages for workers who are physically involved in creating a product.

First-In, First-Out Method

An inventory valuation method where goods purchased or manufactured first are sold or used first.