Financial managers must understand variance between

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Financial managers must understand variance between budgeted expectations and actual performance. An INTENSITY VARIANCE reflects

	A.	the price actually paid for resources and the standard price expectation.
	B.	the difference between expected service activity and actual service activity
	C.	the ways in which health care service delivery is directed by physicians.
	D.	resource utilization as a function of output

A(n) _________ budget can only be set after the volume and expense budgets are determined.

A.
activity

B.
zero based

C.
revenue

D.
statistics

In reference to our health care industry, PRICE is equal to AVERAGE COST plus REQUIRED PROFIT minus __________

	A.	loss on MEDICAID patients.
	B.	loss on FIXED PRICE PAYING patients.
	C.	loss on MANAGED CARE patients.
	D.	loss on bad debt.

Reference no: EM13569489

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