To Prove Your Abilities as a Health IT Professional, You

question 38

Multiple Choice

To prove your abilities as a health IT professional, you might obtain which of the following credentials?

• A) CPHIMS
• B) CME
• C) PhD
• D) CDS

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Definitions:

Variances

The differences between planned or expected financial outcomes and the actual results achieved.

Fixed Budget

A budget that outlines expected revenues and expenses over a specific period, which does not adjust in response to changes in business activity levels.

Static Budget

A budget that does not change or adapt to variations in business activity levels throughout the budgeting period.

Sales Variance Analysis

A financial process used to compare the actual sales against forecasted sales to understand variances and their causes.