Which Is a Responsibility of the Centers for Medicare and Medicaid

question 15

Multiple Choice

Which is a responsibility of the Centers for Medicare and Medicaid (CMS) ?

• A) Create teaching materials to educate health care professionals.
• B) Research evidenced-based practices to improve health care for patients.
• C) Accredit and certify hospitals in order to ensure safe health care for patients.
• D) Manage health insurance coverage for elderly,disabled,and low-income patients.

Recognize the importance of performance as a factor in the enforceability of certain agreements.

Understand the "main purpose" rule in guarantee contracts and its implications for contract enforceability.

Recognize exceptions to the Statute of Frauds that allow for the enforceability of oral contracts.

Understand the role of memorandums or notes in evidencing oral contracts and their requirements.

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Definitions:

Marginal Revenue Curve

A graph that shows how marginal revenue varies as the quantity of output changes, typically downward sloping for firms in competitive markets.

Perfect Competitor

A market structure in which numerous small firms compete against each other with identical products, no single firm can influence the market price; all firms are price takers.

Marginal Revenue

Extra income gained by disposing of one additional unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra single unit of a product or service.