Per-Unit Transaction Costs

question 15

Multiple Choice

Per-unit transaction costs

• A)may cause the demand and supply curves to shift either inward or outward depending on the value obtained from transaction agents.
• B)refer only to the commission paid to a third party for each transaction made.
• C)are absorbed by the party seeking the transaction.
• D)have the same effect on behavior as do lump-sum transaction costs; the difference in terminology is purely definitional.

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Definitions:

Flexible Budget Performance Report

A report that compares actual performance against budgeted figures that are adjusted (flexed) for the actual level of output or revenue.

Patient-Visits

A term used in healthcare management to refer to the number of times patients see a healthcare provider or visit a healthcare facility.

Activity Variances

Differences between planned and actual costs in various business activities, analyzed for budgetary control and cost management purposes.

Patient-Visits

The number of distinct times patients visit a healthcare provider or facility for services.