In Cases of Fraudulent Billing

question 25

Multiple Choice

In cases of fraudulent billing:

• A) only the physician can be held liable.
• B) the physician can never be held liable.
• C) the medical office specialist can be held liable.
• D) the medical office specialist can never be held liable.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and profit.

Operating Leverage

A financial ratio that measures the degree to which a company can increase operating income by increasing revenue.

CVP Graph

A graphical depiction of the Cost-Volume-Profit analysis, showing how a company's profits, costs, and sales volume are related.

Break-even Point

The level of production or sales at which total revenues equal total expenses, with no net loss or gain.