Health Care Consumers Have All the Information and Tools to Make

question 5

Multiple Choice

Health care consumers have all the information and tools to make health care choices because they can easily compare quality and cost of care. Which of the following is correct?

• A)This statement is true because the tool has been invented.
• B)The statement is false because the tool has not been developed.
• C)The statement is true because most consumers have Internet access.
• D)The statement is true because of the steep learning curve associated with searching the Internet.

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Definitions:

Machine Hour

A unit of measurement for the operational use of a machine, implying the total time a machine is functional and available for production.

Markup Percentage

The proportion of the cost of goods that is added to cover the overhead and profit, which sets the selling price.

Variable Cost

Costs that change in proportion to the level of production or sales activity, such as raw materials and direct labor.

Markup Percentage

The percentage added to the cost of goods to cover overhead and profit when setting the selling price.