1.It is important to remember that determining full cost is not as objective and exact a calculation as one might normally think. Indirect costs can be distributed in a variety of ways that can create a significant difference in total costs for many departments (in a hospital).

• True
• False

2.The Patient Protection and Affordable Care Act includes an impact on third party reimbursement including insurance reform, payment and revenue reform, and delivery reform.

• True
• False

3.We defined five uses of financial information. Which one of the five uses of financial information involves a careful analysis of the outputs to inputs by providing outputs at the lowest cost of production?

A.financial condition

B.compliance

C.stewardship

D.efficiency

E.effectiveness