Which of the Following Statements Is Correct

question 22

Multiple Choice

Which of the following statements is correct?

• A)Contribution margin contributes to profits.
• B)Contribution margin contributes to fixed costs.
• C)Contribution margin contributes to variable costs.
• D)Both A and B

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Definitions:

Medicaid

A joint federal and state program in the United States that helps with medical costs for people with limited income and resources.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, but also available to certain younger people with disabilities.

Palliative Care

Medical care aimed at providing relief from the symptoms and stress of a serious illness, focusing on improving quality of life for both the patient and the family.

Acute Care

A branch of secondary health care where a patient receives active but short-term treatment for a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery.