MHA 710 EXAM 3 LSUS 2024
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
The only disease-specific group eligible for Medicare are those suffering from: -
ANSWERS-end-stage renal disease.
QUESTION 2
The Medicare pay-as-you-go system is jeopardized by - ANSWERS-The changing
demographics of the United States' population, with an increasing percentage over
the age of 65.
QUESTION 3
Which benefits are provided through Part A of Medicare? - ANSWERS-Medical
hospital insurance
QUESTION 4
On average, biopharmaceutical companies spend approximately what percentage
of their sales revenue on research and development? - ANSWERS-15-20%
QUESTION 5
END OF
PAGE 1
, MHA 710 EXAM 3 LSUS 2024
A type I error is: - ANSWERS-when a harmful drug is allowed into the market.
QUESTION 6
Economies of scale exist when: - ANSWERS-long-run average costs decline as
output increases.
QUESTION 7
Suppose the market for nursing services in a local community is so dominated by a
single community hospital that, for all practical purposes, it is considered a
monopsony. Using the diagram below, answer the question.
If the market were perfectly competitive instead of dominated by a monopsonist,
what would the equilibrium wage and level of employment be? - ANSWERS-W1
and E1
QUESTION 8
Changes caused by the shift from charge-based rates to negotiated rates has had
which of the following results? - ANSWERS-Most hospitals experience a gap
between the amount they receive from their payers and the amount billed, with
receipts as low as 20 percent of amount billed.
END OF
PAGE 2
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
The only disease-specific group eligible for Medicare are those suffering from: -
ANSWERS-end-stage renal disease.
QUESTION 2
The Medicare pay-as-you-go system is jeopardized by - ANSWERS-The changing
demographics of the United States' population, with an increasing percentage over
the age of 65.
QUESTION 3
Which benefits are provided through Part A of Medicare? - ANSWERS-Medical
hospital insurance
QUESTION 4
On average, biopharmaceutical companies spend approximately what percentage
of their sales revenue on research and development? - ANSWERS-15-20%
QUESTION 5
END OF
PAGE 1
, MHA 710 EXAM 3 LSUS 2024
A type I error is: - ANSWERS-when a harmful drug is allowed into the market.
QUESTION 6
Economies of scale exist when: - ANSWERS-long-run average costs decline as
output increases.
QUESTION 7
Suppose the market for nursing services in a local community is so dominated by a
single community hospital that, for all practical purposes, it is considered a
monopsony. Using the diagram below, answer the question.
If the market were perfectly competitive instead of dominated by a monopsonist,
what would the equilibrium wage and level of employment be? - ANSWERS-W1
and E1
QUESTION 8
Changes caused by the shift from charge-based rates to negotiated rates has had
which of the following results? - ANSWERS-Most hospitals experience a gap
between the amount they receive from their payers and the amount billed, with
receipts as low as 20 percent of amount billed.
END OF
PAGE 2
