The Largest Component of National Health Care Expenditures Is ____

question 26

Multiple Choice

The largest component of national health care expenditures is ____.

• A)hospital care
• B)physician and clinical services
• C) prescription drug coverage
• D) long-term care

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Definitions:

Spontaneous Financing

Financing that arises naturally during the course of business operations, such as trade credit, without the need for formal negotiation or arrangements.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Self-Liquidating

A term used to describe an asset or a business that can repay or justify its initial cost through generating revenues, profits, or cash flows.

Repay the Loan

The act of paying back borrowed money to the lender according to the agreed terms.