Finance

Which method is commonly used for allocating indirect costs in a dental care facility?

• • Marginal cost method

• • Step-down allocation method

• • Unit costing method

• • Direct allocation method

Which payment method typically involves a waiting period for major treatments?

• Fee-for-Service

• Dental Financing

• Dental Insurance

• Fee-for-Service

What does UCR stand for in dental payment?

• Uniform Cost Reimbursement

• Universal Coverage Rate

• Usual, Compensatory,and Reasonable

• Usual, Customary,and Reasonable

Which financial statement provides information about a clinic's revenues and expenses over a specific period?

• • Income statement

• • Balance sheet

• • Cash flow statement

• • Budget report

What is the primary focus of patient-centered outcomes in dental care?

• • Improving the overall quality of life and satisfaction of patients

• • Enhancing the aesthetic appeal of dental prosthetics

• • Reducing the cost of dental treatments

• • Increasing the number of patient visits

Which of the following is considered a direct cost in a public health dental program?

• • Insurance for staff

• • Electricity for the clinic

• • Dental supplies

• • Administrative salaries

. What is the primary purpose of cost analysis in public health dentistry?

• • To improve the aesthetic outcomes of dental treatments

• • To evaluate the financial efficiency of dental programs

• • To assess the oral hygiene habits of patients

• • To determine patient satisfaction levels

Which of the following is the most significant source of revenue for a dental practice?

• • Government grants

• • Sponsorships

• • Donations

• • Patient fees and insurance reimbursements

In dental care finance, what is meant by ‘working capital’?

• • The difference between current assets and current liabilities

• • The total revenue generated by the clinic

• • The total liabilities of the clinic

• • The total assets of the clinic

How does the concept of 'economies of scale' apply to dental practices?

• • Expanding the clinic to multiple locations

• • Hiring more staff to handle increased patient loads

• • Increasing patient fees as the clinic expands

• • Reducing the average cost per treatment as the volume of patients increases