AHIP AHM-520 Exam - Topic 3 Question 58 Discussion

Actual exam question for AHIP's AHM-520 exam

Question #: 58
Topic #: 3

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

ACost center

BType of cost

CLines of business

DFunction

Show Suggested Answer

Suggested Answer: B

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

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Jaleesa

4 months ago

I’m surprised it doesn’t specify where the costs come from!

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Dominga

5 months ago

Wait, are we sure this isn't about functions?

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Genevive

5 months ago

I agree, cost centers make the most sense here.

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Vincenza

5 months ago

I think it’s more about types of costs.

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Meghann

5 months ago

This is definitely about cost centers.

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Yun

5 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

5 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

5 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

6 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

6 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

6 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

6 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

6 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

6 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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