What Name Is Given to an Organization That Receives a Fixed

question 46

Multiple Choice

What name is given to an organization that receives a fixed amount per each person enrolled in a health care plan, regardless of how many services are provided?

• A) health members organization HMO)
• B) health maintenance organizations HMO)
• C) health care organization HCO)
• D) non-government health organization NGO)

---

Definitions:

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, representing the cost of borrowing or the reward for saving.

Amortization Debt

A loan repayment plan in which the borrower pays both interest and principal over time, gradually reducing the outstanding balance.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.

Effective Annual Rate

The interest rate that reflects the compound interest rate paid or earned on an investment, loan, or other financial product over a year.