Please answer questions 4. & 5.

Question 4 (circle the correct choice): Labor, facilities, equipment, and supplies are a. inputs used to provide a service b. process costs necessary to provide a service C. required to provide a service, but may not be captured by traditional cost accounting d. shared resources and therefore it is complicated to assign a cost to them e difficult to analyze for their value or quality Question 5 (circle the correct choice): After reviewing the financial reports for the past quarter, you notice that the cardiac services have a positive contribution margin and a positive net income. As the OM, what are your recommendations? a. Ask marketing to advertise the excellent outcomes for this procedure in order to increase volume, thereby reducing the cost per unit of service b. Expect CMS to immediately pay more for the procedure in order to increase revenue c. Work with the cardiac department on reducing the supply cost, reducing the length of stay, or improving the process for this procedure d. Terminate the cardiac surgeons as their salary costs are too high e. Both a and c should be implemented