Which of the Following Activities Is NOT a Step Being

question 31

Multiple Choice

Which of the following activities is NOT a step being taken to reduce health care costs?

• A) Community health education programs motivate people to take better care of themselves.
• B) Physicians encourage patients to pay cash for routine medical care and lab tests.
• C) Programs to carefully review health care fees are available.
• D) Involvement in community health planning can help achieve a better balance between health needs and health care resources.
• E) All of these activities can reduce health care costs.

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Definitions:

Periodic LIFO

An inventory valuation method applied at the end of an accounting period that assumes the last items added to inventory are the first sold.

Ending Inventory

The total value of unsold goods held by a company at the end of an accounting period.

Inventory System

Methods and procedures used to track materials, work-in-progress, and finished goods from acquisition through sale.

Weighted-Average

A calculation method where different data points are given different weights, often used in inventory valuation and cost accounting.