Third-Party Payer Systems for Health-Care Services Include Payments Made By

question 65

Multiple Choice

Third-party payer systems for health-care services include payments made by:

• A)doctors.
• B)patients.
• C)hospitals.
• D)insurance companies.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue contributes to fixed expenses and profit.

Internal Decision-making

The process within an organization to choose actions among several alternatives based on policies, procedures, or the managerial judgment.

Contribution Margin

The difference between sales revenue and variable costs, representing the portion of sales that helps cover fixed costs.

Sales

The transactions or business activities related to selling goods or services, generating revenue for the company.