Minimum Data Sets Are Available for Use in All the Following

question 31

Multiple Choice

Minimum data sets are available for use in all the following health care delivery systems EXCEPT

• A) Acute care.
• B) Ambulatory care.
• C) Long-term care.
• D) Mental health care.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs required for the production of goods or services.

Total Cost

The total amount of money spent on creating goods or services, encompassing both constant and fluctuating expenses.

Implicit Cost

Represents the opportunity costs of using resources owned by the firm for its own production processes, without direct payment.

Interest Income

The income earned from lending funds or investing in interest-bearing financial instruments, such as saving accounts, bonds, or loans.