Reference no: EM132649126
Question 1: If the number of suppliers in the market increases, the supply curve will:
A. shift inward to the left
B. shift outward to the right
C. remain the same
D. bend backwards
Question 2: All of the following are true statements regarding factors that can cause a change in SUPPLY except
A. Price of related goods
B. Price of factors of production
C. Technology
D. The expected interest rate
Question 3: Concerns about health care costs arose...
A. Soon after the passage of Medicare and Medicaid
B. At the dawn of human history
C. As a result of World War II shortages
D. When the US health care costs surpassed 15% of GDP
Question 4: One reason the US health care markets are not competitive is that:
A. There are often no suitable substitutes.
B. Health care markets are based on socialist principles.
C. No one can enter or leave a health care marketplace.
D. The prices for medical care are too high.
Question 5: The Accountable Care Act (ACA) led to hospitals:
A. Refusing to treat Medicaid patients.
B. Focusing more on volume than on the quality of care.
C. Increasing preventable readmissions.
D. Participating in the Value-Based Purchasing Program.
Question 6: State regulation and accreditation requirements for quality reporting by Managed Care Organizations help address potential problems with:
A. Over-care
B. Rising costs
C. Under-care
D. Outliers
Question 7: True or False: Because there are few close substitutes for medical services, the demand for health care services is relatively inelastic.
Question 8: True or False: Consumers have a demand for health but cannot directly purchase it. Therefore, the demand for health care is considered a derived demand calculated by a quantity of services -inpatient days, outpatient services, number of prescriptions - consumed.
Question 9: True or False: The demand for healthcare services is NOT influenced by cost sharing and out of pocket costs.
Question 10: Healthcare is an important segment of the U.S. economy because:
A. The greater the quantity of hip replacements, the fewer the automobiles supplied.
B. Nurses keep fighting for higher wages.
C. Health care costs are completely controlled by managed care.
D. National health expenditures are an increasing portion of the Gross Domestic Product (GDP).
Question 11: True or False: At equilibrium, demand equals supply.
Question 12: True or False: When the amount of products or services for sale equals the quantities demanded by consumers, equilibrium is said to exist.
Question 13: True or False: Uncertainity and incomplete information are possible reasons why markets fail to achieve effeciency.
Question 14: True or False: Medicaid is the nation's program for providing health and long-term care assistance to the low income population.
Question 15: True or False: Medicare is the nation's insurance program that provides nursing home coverage to elderly Americans.
Question 16: The average daily census is calculated by dividing:
A. Days in the month by days in the year.
B. The number of patients by the number of beds.
C. Patient days by days in a time period.
D. The number of beds by the number of nurses.
Question 17: The occupancy rate measures how closely the actual patient census...
A. Comes to the unit's full capacity.
B. Comes to the number of nurses in a shift.
C. Comes to earning a profit.
D. Comes to established nursing hours per day (HPPD).
Question 18: One reason nurse staffing is important to measure is:
A. Nursing costs make up a large portion of a hospital's budget.
B. The more nurses on a unit, the fewer physicians are needed.
C. Staffing must be kept low regardless of patient acuity.
D. To guarantee all nurses are employed.
Question 19: Types of managed care organizations include all of the following EXCEPT:
A. DRG
B. HMO
C. PPO
D. POS
Question 20: If three (3) RNs and two (2) CNAs are scheduled for an eight (8) hours shift, the skill mix is:
A. 60% RNs and 40% CNAs
B. Considered to be a safe staffing level
C. Considered to be an unsafe staffing level
D. 1:5 nurse-patient ratio