Constructs of the Iron Triangle Model Are

question 21

Multiple Choice

Constructs of the Iron Triangle Model are:

• A) payers, providers, employers.
• B) cost, employers, providers.
• C) cost, payers, providers.
• D) cost, quality, employers
• E) None of these is correct.

---

Definitions:

Adjusting

The act of making entries to update the financial statements to more accurately reflect revenues and expenses for a specific reporting period.

Operating Activities

The day-to-day activities of producing and selling goods and/or services, which are reflected in the cash flow statement.

Indirect Method

A way of calculating cash flows in the cash flow statement, where net income is adjusted for changes in non-cash items and working capital.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.