Which of the Following Programs Is a Public Assistance Program

question 145

Multiple Choice

Which of the following programs is a public assistance program that provides health insurance benefits only to those who arte unable to pay for healthcare?

• A) Medicare
• B) Medicaid
• C) Blue Cross/Blue Shield
• D) Social Security disability benefits
• E) worker's compensation

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Definitions:

Target Cost

The estimated price for a product or service that is determined by subtracting a desired profit margin from the competitive market price.

Profit Margin

The ratio or percentage of profit to sales, reflecting the efficiency with which a company or business unit generates income relative to its revenue.

Competition-Based Method

A method of price setting based on the price offered by competitors.

Price-Setting Methods

Various strategies and techniques businesses use to determine the selling price of their goods or services.