Labor Productivity Is Most Commonly Used To

question 52

Multiple Choice

Labor productivity is most commonly used to:

• A) formulate individual production targets for the employees involved.
• B) calculate the total cost of production.
• C) set wage standards per unit of production.
• D) draw efficiency comparisons between different organizations.
• E) define recruiting parameters for new candidates.

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Definitions:

Charge Slip

A document used in healthcare settings to itemize the services provided to a patient and their associated costs.

Pegboard System

A method of bookkeeping or scheduling using a board with holes that can hold pegs, used for tracking transactions or appointments.

Day Sheet

Form used for recording all daily financial transactions of charges made and payments received; also called a daily journal. All patient charges and receipts are recorded on the day sheet each day (primarily with manual bookkeeping systems).

Ledger

A record of all charges or services rendered, any payments made by the patient or the insurance carrier, and any adjustments, included with the specific dates of these entries.