Since Its Inception in 1965, Which Agency Has Functioned as the Main

question 59

Multiple Choice

Since its inception in 1965, which agency has functioned as the main payer of nursing home and other long-term care?

• A) Medicare
• B) Medicaid
• C) Affordable Care Act
• D) CHIP

---

Definitions:

Machine-Hours

A measurement of the amount of time machines are operated during the production process.

Direct Labor-Hours

The total hours worked directly on the production of goods, used as a basis for allocating labor costs to products.

Departmental Predetermined Rates

Specific overhead rates calculated for each department within a company, used to allocate indirect costs more accurately.

Machine-Hours

A measure of the total time that machines are operated within a specific period, used for allocating manufacturing overhead costs to products.