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Question 1 2 pts When calculating labor costs, employee benefits are estimated to be roughly the hourly wage multiplied by this percentage rate: A .

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 0.7 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

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