When Coding,the Primary Reason for the Office Visit Is Listed

question 60

Multiple Choice

When coding,the primary reason for the office visit is listed first,and other reasons are listed in what order?

• A) chronological order
• B) numerical order
• C) alphabetical order
• D) order of importance

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the company for its own operations, rather than earning income elsewhere.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.

Implicit Costs

Costs that represent foregone opportunities, such as the income a business owner forgoes by investing in their own company instead of elsewhere.

Explicit Costs

Directly incurred expenses in the operation of a business, such as wages, rent, and material costs, which are clearly accounted for and easy to identify.