Which of the Following Statements Is NOT True About Costs

question 34

Multiple Choice

Which of the following statements is NOT true about costs in the U.S.health care system?

• A)The U.S.spends more on health care than any other nation.
• B)Growing rates of obesity are pushing costs higher.
• C)New technologies are lowering costs.
• D)Overtreatment is an issue.

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Definitions:

Financial Statements

Comprehensive reports on a company's financial performance, condition, and cash flow, including the balance sheet, income statement, and statement of cash flows.

Federal Taxes

Taxes imposed by the government on income, property, sales, and other activities, used to fund public services and operations.

Employees' Wages

The compensation paid to employees for their labor or services, typically calculated on an hourly or salary basis.

Liability

Financial obligations or debts that a company owes to outside parties.