Which of the Following Statements Represents a Problem with Accurately

question 210

Multiple Choice

Which of the following statements represents a problem with accurately measuring the price of health care?

• A) Payments made by Medicaid and Medicare are not included.
• B) People with good health insurance policies overuse health facilities.
• C) Doctors sometimes charge excessive and inaccurate prices.
• D) Pharmaceutical prices are not market prices.

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Definitions:

Earned Value

A project management technique for measuring project performance and progress in an objective manner.

Actual Cost

The final, real amount spent on completing a specific task, project, or acquisition, as opposed to estimated or budgeted costs.

Cost Performance Index

A measure in project management that calculates the financial efficiency and cost control of a project by dividing the earned value by the actual cost.

Schedule Variance

A project management metric that measures the difference between the planned and actual progress of a project.