AHIP AHM-520 Question Answer
One true statement about variance analysis is that
A price variance is the difference between the budgeted quantities to be sold and the actual quantities sold, multiplied by the budgeted amount
Variance analysis suggests solutions to a particular problem
Positive variances generally are favorable, from a health plan's point of view, for the plan's expenses but unfavorable for the plan's revenues
An effective variance system typically focuses on matters that require management's attention
TESTED 11 Jul 2025
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