The Affordable Care Act of 2011

question 15

Multiple Choice

The Affordable Care Act of 2011:

• A) requires that by 2020 all newly licensed nurses have a bachelor's degree at minimum.
• B) would provide health care benefits to millions who were previously uninsurable or unable to afford insurance.
• C) caps the amount that hospitals and physicians can charge for procedures.
• D) subsidizes private insurance companies, thereby reducing health care costs for individuals who have chronic or catastrophic illness such as cancer.

Demonstrate knowledge of how to document and report patient care incidents correctly.

Understand the importance of secure and responsible use of computer passwords in healthcare settings.

Recognize healthcare standards and requirements for accurate, timely, and patient-centered documentation.

Understand the concepts of alpha and beta in hedge fund strategies.

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Definitions:

Inventory Count

A physical verification of the quantities and condition of items in a company's inventory, used to ensure accuracy of accounting records.

LIFO Method

Last In, First Out; an accounting method for valuing inventory by treating the most recently produced items as the first to be sold.

Cost Of Goods Sold

Direct costs attributable to the production of goods sold by a company, including materials, labor, and overhead.

Merchandise

Goods that are purchased, stored, and sold by a business in the ordinary course of its operations, often referred to as inventory.