Match the Term to the Definition or Description

question 8

Multiple Choice

Match the term to the definition or description:
-For each additional dollar spent, we obtain less of a gain in output, whether it is measured by increased life expectancy, lower mortality, or better quality of life.

• A)Defensive medicine
• B)Diminishing marginal returns
• C)Mechanistic approach to the treatment of disease
• D)"Flat-of-the-curve" medicine
• E)Inertia
• F)Leading causes of death

---

Definitions:

Planning Budget

A budget based on the level of planned output at the start of the budgetary period, used for planning purposes.

Total Expenses

The sum of all costs and expenses incurred by a business or individual, including operating expenses, cost of goods sold, and taxes.

Fixed Cost

Costs that do not change with the level of production or sales activities within a certain range or period.

Flexible Budget

A budget with the capacity to alter in response to shifts in activity volume or level.