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Deta Question 1 2 Points EL As 22 S The manager needs to know the difference between fixed and variable costs in order to: A compute break-even points S Art 2a B compute contribution margins Grading understand a basic working tool in financial management BG BOE D All of these are correct Question 2 2 Points Costs that vary in direct proportion to changes in the volume of operations are Blank 1 Blank 1 Add your answer Non productive times represents an employee's net hours on duty when performing job functions A True B False Question 4 2 Points Approaches used to compute full-time equivalents (FTES) include the A schedule position method B) annualizing method C) schedule position method and the annualizing method D) managers preference Question 5 2 Points A building is an example of a fixed cost True B False Question 6 2 Points Staffing for a nursing unit: may need 2 nurses for one patient, add additional nurse only when patient volume Increases to 6 is an example a of Blank 1 Blank 1 Add your answer Question 7 2 Points The Contribution Margin equals Variable Costs deducted from net revenues and it contributes to fixed costs and profits. True B) False Question 8 2 Points The Blank 1 is the point when the contribution margin equals the fixed costs. Blank 1 Add your answer Question 9 2 Points The equivalent of one full-time employee paid for one year, including both productive and non-productive time is called an Blank 1 Blank 1 Add your answer Question 10 2 Points Two employees working half-time for one year would be the same as one FTE A True B False

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