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Which of the following statements about the Medicare payment system for hospital inpatient care (IPPS) is most correct?

a. The basis for payment is the patient's diagnosis as specified by DRG. b. The DRG payment is adjusted for severity. c. Payments are increased for patients with very high costs (outliers). d. Payments are adjusted for the hospital's local conditions (wage rates). e. All of the above statements are correct.

Unsophisticated capital budgeting techniques do not:

A) examine the size of the initial outlay. B) use net profits as a measure of return. C) explicitly consider the time value of money. D) take into account an unconventional cash flow pattern.