Global Health Is Related to Economic, Industrial, and Technological Development

question 22

Multiple Choice

Global health is related to economic, industrial, and technological development. The introduction of health care technology into lesser-developed countries has led to less-than-satisfactory results because:

• A) People do not want to use newer technology.
• B) The cost is so high that they cannot afford to use new technology.
• C) There is often a lack of qualified people to carry out routine maintenance for the technological systems.
• D) Technology is too complex for people in lesser-developed countries.

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Definitions:

Practical Standards

Realistic expectations for performance or output that take into account potential variances and are used for benchmarking and measuring actual performance.

Standard Costing

Standard costing involves assigning a fixed cost to production and inventory for the purpose of budgeting and performance evaluation, allowing companies to identify variances and control costs.

Machine Breakdown

The failure of a machine to function, causing a halt in production or operations.

Material Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.