An Advantage of Preferred Provider Organizations (PPOs) Is That

question 34

Multiple Choice

An advantage of preferred provider organizations (PPOs) is that:

• A) they make insurance coverage of employees less expensive to employers.
• B) there are fewer physicians to choose from than in an HMO.
• C) long-term relationships with physicians are more likely.
• D) patients may go directly to a specialist for care.

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Definitions:

Credits

Accounting entries that represent an increase in liabilities or revenues, or a decrease in assets or expenses.

Adjusting Entries

Adjusting entries are journal entries made in an accounting period's end to allocate income and expenditures to the period in which they actually occurred.

Chart of Accounts

A structured list detailing a company's financial accounts, categorized to facilitate the organization and reporting of financial transactions.

Accounting Period

A specific time frame in which financial activities are recorded and reported, commonly a year or a quarter.