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AHIP AHM-520 Exam - Topic 3 Question 58 Discussion

The Sesame health plan uses a method of accumulating cost data that enables the health plan to satisfy financial reporting requirements for compiling financial statements and corporate tax returns. Although this method assists Sesame's managers in studying which types of costs are rising and falling over time, it does not explain which areas of Sesame incur each cost. This method, which is the most basic level of cost accumulation, is known as accumulating costs by
B) Type of cost
A) Cost center
C) Lines of business
D) Function

AHIP AHM-520 Exam - Topic 3 Question 58 Discussion

Actual exam question for AHIP's AHM-520 exam
Question #: 58
Topic #: 3
[All AHM-520 Questions]

The Sesame health plan uses a method of accumulating cost data that enables the health plan to satisfy financial reporting requirements for compiling financial statements and corporate tax returns. Although this method assists Sesame's managers in studying which types of costs are rising and falling over time, it does not explain which areas of Sesame incur each cost. This method, which is the most basic level of cost accumulation, is known as accumulating costs by

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Suggested Answer: B

by Bulah at Sep 18, 2022, 07:06 AM

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Jaleesa
10 months ago
I’m surprised it doesn’t specify where the costs come from!
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Dominga
11 months ago
Wait, are we sure this isn't about functions?
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Genevive
11 months ago
I agree, cost centers make the most sense here.
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Vincenza
11 months ago
I think it’s more about types of costs.
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Meghann
11 months ago
This is definitely about cost centers.
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Yun
11 months ago
I think the answer is "Cost center" because it aligns with how organizations track costs, but I might be mixing it up with other methods we discussed.
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Nieves
11 months ago
I have a vague recollection that accumulating costs by function is a common method, but I can't quite recall if it's the most basic one.
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Luisa
11 months ago
This question seems similar to one we practiced about categorizing costs. I feel like "Type of cost" might be the answer since it focuses on the nature of the costs.
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Pete
12 months ago
I remember studying cost accumulation methods, and I think the basic level is related to cost centers, but I'm not entirely sure if that's the right term.
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Marg
12 months ago
Increasing the upgrade timeout from ECLI? That's an interesting idea. Might be worth a shot if the other options don't pan out.
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Antione
12 months ago
I'm leaning towards option D, as I think it mentioned no client-side configuration needed. That sounds really convenient, but did we cover that in detail?
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Felix
12 months ago
Okay, let me break this down. The key information is that it's a collection of local computing devices interconnected via LANs and governed by a single security policy. That sounds like it's describing an enclave, so I'm going to go with C.
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Tasia
12 months ago
This one seems pretty straightforward. I'm pretty sure the answer is Scope definition, since that's where you develop the detailed description of the project and product.
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Malcolm
12 months ago
This seems like a straightforward terminology management question. I think the data dictionary is the best place to store all this information.
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