In Addition to the Reimbursement Process, ICD-10-CM Codes Are Used

question 54

Multiple Choice

In addition to the reimbursement process, ICD-10-CM codes are used by outside agencies to:

• A) forecast healthcare needs.
• B) conduct studies of disease trends.
• C) review costs and evaluate facilities.
• D) all of the above.

Understand the complexity of ethics in business decisions and the notion that ethical questions may not always have clear-cut answers.

Recognize the potential severe consequences of unethical decisions for businesses and their associates.

Comprehend the impact of organizational structure on ethical behavior within companies.

Understand the role of boards of directors in maintaining organizational ethics and shareholder interests.

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Definitions:

Marginal Cost

The growth in the cumulative expense incurred from creating one more unit of a product or service.

Nonrival

A characteristic of a good or service where its use by one person does not reduce its availability to others.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of economic activity.

Demand-side Market Failure

A situation where the quantity of a product demanded by consumers does not equate to the quantity supplied by producers due to externalities or imperfect information, leading to an inefficient allocation of resources.