If One Defines Incremental Cost as the Change in Total

question 8

Multiple Choice

If one defines incremental cost as the change in total cost resulting from a decision,and incremental revenue as the change in total revenue resulting from a decision,any business decision is profitable if:

• A) it increases revenue more than costs or reduces costs more than revenue
• B) it decreases some costs more than it increases others (assuming revenues remain constant)
• C) it increases some revenues more than it decreases others (assuming costs remain constant)
• D) all of the above
• E) b and c only

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Definitions:

Minimally Invasive

Refers to surgical techniques that involve smaller incisions, less pain, and quicker recovery times than traditional surgery.

Neonatal Intensive Care

Specialized care for newborn infants needing intensive medical attention due to conditions like prematurity or illness.

Hospice Agency

An organization that provides care and support to terminally ill patients and their families, focusing on comfort and quality of life rather than cure.

Discharge Teaching

Education and information provided to patients and their caregivers to prepare them for care outside of a healthcare setting upon discharge.