Match the Following -Contract Issued by a Payer Under Which a Covered Person

question 94

Multiple Choice

Match the following
-Contract issued by a payer under which a covered person may be entitled to covered services

• A) copayment
• B) participating provider
• C) capitation
• D) contracted services
• E) payer
• F) benefit plan
• G) coordination of benefits
• H) covered services
• I) nonparticipating provider
• J) covered person

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Definitions:

Fixed Cost

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums, remaining constant regardless of the output level.

Marginal Cost

The expense incurred from the production of an extra unit of a product or service.

Total Product

Total product refers to the total quantity of output produced by a firm or economy during a given period.

Average Product

The total output produced per unit of a resource employed.