Transforming Verbal Descriptions of a Diagnosis into Numbers or a Combination

question 64

Multiple Choice

Transforming verbal descriptions of a diagnosis into numbers or a combination of alphanumerical characters is referred to as:

• A) a diagnosis.
• B) coding.
• C) alphabetizing.
• D) classifying.

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Definitions:

First-in

This principle dictates that the earliest goods to be added to inventory are the first ones to be removed from it, commonly applied in financial and inventory management.

Conversion Costs

The sum of labor and overhead costs that are necessary to convert raw materials into finished products.

Equivalent Units

Equivalent units is a concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Weighted-average

A calculation that takes into account the varying degrees of importance or quantities of different items in a data set, providing a figure that reflects their proportional contributions.