The ________ Was Signed into Law on February 17, 2009

question 20

Multiple Choice

The ________ was signed into law on February 17, 2009, by President Obama; it included billions of dollars for the expansion of health information technology. Through Medicare and Medicaid, monetary incentives would be offered to doctors and hospitals to adopt EHRs.

• A) Americans with Disabilities Act
• B) USA PATRIOT Act
• C) Homeland Security Act
• D) American Recovery and Reinvestment Act (ARRA)

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Definitions:

Break-Even Point

The point at which total costs equal total revenues, indicating that a business is neither making a profit nor incurring a loss.

Contribution Margin Ratio

The contribution margin ratio is a financial metric indicating the proportion of sales revenue that exceeds variable costs and is available to cover fixed costs and generate profit.

Fixed Costs

Outlays for rent, salaries, and insurance that are unaffected by variations in the volume of production or sales.

Sales Dollars

A term referring to the total revenue generated from the sale of goods or services, expressed in monetary value.