1. Which of the following is the largest payer of home health care? O Other Government Programs O Private Insurance Medicare O Medicaid 2. Which of the following is NOT a demographic change that has likely contributed to the need for greater emphasis on formalized post-acute care in the US? O Increased labor participation for women Increase in the number of children per family O Higher divorce rates O Greater employment mobility 3. Which of the following is FALSE regarding hospice care? O Hospice care focuses on comfort and quality of life for patients O Physicians must certify that patients have fewer than six months to live to qualify for hospice care (O) Hospice care is typically delivered at home O The longer people stay on hospice, the less profitable the service is for providers 4. The reason hospice care's costs create a U-shaped curve is that: O A hospice patient's first few days and last few days are the least expensive O A hospice patient's first few days on hospice are much more expensive than the last few days O A hospice patient's last few days on hospice are much more expensive than the first few days O A hospice patient's first few days and last few days are the most expensive 5. Which of the following statements regarding vertical integration is TRUE? O Backward integration describes the merging of hospitals with primary care clinics O Backward integration describes the merging of hospitals with home health agencies Vertical integration is the merging of two entities in the same stage of production O Forward integration describes the merging of home health agencies with primary care clinics6. "General tasks" are defined as: O Tasks that never need to be performed by any of the assets Tasks that can be performed by multiple assets O Tasks that cannot be performed by any of the assets O Tasks that can only be performed one of the assets 7. Which of the following is FALSE regarding Certificate of Need (CON)? Committees that determine CON for new hospitals are typically made up of incumbent hospital providers The Health Planning Resources Development Act of 1974 abolished the need for new hospitals to obtain CONE () CON requirements were repealed in 14 states but continue to serve as anti-competitive forces in others () CONs are common forces in the home health care industry regulation, despite the industry's low barrier to entry 8. The optimal combination of inputs for each level of service provision is referred to as: Expansion Path Service Level C O Certificate of Need (CON) O Unregulated inputs 9. Which of the following is NOT an example of a cartel? Price Fixing Mergers and Acquisitions Market Allocation O Group Boycott 10. Which of the following pieces of legislation was NOT created to address antitrust issues? The Clayton Antitrust Act O Federal Trade Commission Act O The Hill-Burton Act O The Sherman Act of 1890