The Budget Line and the Demand Curve Are Both Similar

question 21

True/False

The budget line and the demand curve are both similar in the way that both show the price of a good that a consumer can buy.

Acknowledge the significance of nonverbal communication in conveying and understanding messages.

Learn techniques to improve listening skills and to become a more effective listener.

Grasp the importance of listening in professional development and business success.

Understand methods for retaining important information and strategies for preventing mind wandering during listening.

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Definitions:

Capitation

The health care provider is paid a fixed amount per member per month for each patient who is a member of a particular insurance organization regardless of whether services were provided.

Precertification

Refers to obtaining plan approval for services prior to the patient receiving them; refers to seeking approval for a treatment (surgery, hospitalization, diagnostic test) under the patient’s insurance contract.

Specified Outpatient

Specified Outpatient refers to particular outpatient medical treatments or procedures that are predefined under a health plan or policy for coverage or reimbursement.

Coordination of Benefits (COB)

A process in health insurance to determine the order of responsibility when a person is covered by more than one insurance plan, to avoid overlapping payments.