Question $12$ pts

When calculating labor costs, employee benefits are estimated to be roughly the hourly wage multiplied by this percentage rate:

A$.35\%$

B$.25\%$

C$.20\%$

D$.18\%$

Question $22$ pts

All of the following terms can be used to imply direct access testing except:

A$.$ Direct to consumer testing

B$.$ Patient directed testing

C$.$ Self$-$testing

D$.$ Consumer driven testing

Question $32$ pts

The $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ indicates the time it will take to generate the incoming revenue to compensate for the money paid out for the equipment $($outgoing asset$).$

A$.$ return on investment

B$.$ current value of money

C$.$ payback period

D$.$ break even

Question $42$ pts

Part A of Medicare corresponds to:

A$.$ Hospital reimbursement

B$.$ Physician reimbursement

C$.$ Third$-$party payer

D$.$ Laboratory reimbursement

Question $52$ pts

All of the following are advantages of leasing capital equipment EXCEPT:

A$.$ No down payment

B$.100\%$ financing at a fixed rate

C$.$ Monthly payments are spread over time

D$.$ Higher price for consumables

Question $62$ pts

An example of an indirect cost, while still being considered an operational task, as based on the information by Baisch, includes:

A$.$ Equipment depreciation

B$.$ Sick leave or FMLA

C$.$ Calibrators for the chemistry analyzer

D$.$ Printer labels for test tubes

Question $72$ pts

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

Question $82$ pts

The Charge Description Master $($CDM$)$ is a list of all billable services and their associated$\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

A$.$ ICD $10$ 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

Question $92$ pts

Which of the following is not a factor in the DRG rate paid by CMS for hospital services?

A$.$ Geographical location of the hospital

B$.$ Physician: Patient ratio

C$.$ Type of hospital

D$.$ Rural vs urban setting

Question $102$ pts

If an employee is $0\mathrm{.}7$ FTE, approximately how many hours per work week should the person be scheduled for?

A$.40$ hours per week

B$.32$ hours per week

C$.28$ hours per week

D$.20$ hours per week