A fixed budget: a. Can be used by a hospital-based ambulatory care practice, where a physician team may be responsible for managing expenses based on a predefined expense budget per visit b. Reflects receipts and expenditures which are shown as a function of activity levels c. Is particularly valuable in large private and academic practices or in practices with geographically disparate sites d. Provides for specified amounts of expenditures and receipts that do not vary with activity levels