9 55. The concept of period and that the value of these assets diminishes over time. takes into account the facts that capital projects are used over an extended a. Depreciation b. Salvage value c. Net present value -d. Payback period 56. The Charge Description Master (CDM) is a list of all billable services and their associated a. ICD-9 code and direct costs charged to the patient or insurance carrier b. CPT code and price that is charged to the patient or insurance carrier c. CMS code and price for test d. RVU code and price for test 57. What is the range used for CPT codes for the laboratory? a. 80000-88888 b. 80000-89999 o. 80000-99999 d. 80000-98888 58. Budgeting above 100 percent of the previous year is known as: a. Fixed budgeting b. Rolling budgeting c. Appropriation d. Historical-based budgeting 59. Micro-costing is defined as the process of determining the a. actual cost of performing a billable procedure b. actual cost of performing a non-billable procedure c. budgeted cost of performing a billable procedure d. budgeted cost of performing a non-billable procedure 60. Perform a cost volume profit analysis (CVP), the breakeven, for a laboratory that has fixed costs of $1000, and charges $10.00 per test when the actual cost is $5.00. How many tests would have to be performed to breakeven? a. 150 b. 200 c. 100 d. 2000 61. Which of the following is not a category of Ethical Principles? a. Integrity of Conduct b. Regulatory Compliance c. Respect for Persons d. Social Responsibility