Match the Term with the Definition or Description

question 12

Multiple Choice

Match the term with the definition or description:
-Those born between 1946 and 1964

• A)point-of-service organizations (PSOs)
• B)Baby boomers
• C)preferred provider plans (PPOs)
• D)resource-based relative value scale (RBRVS)
• E)"donut hole"
• F)Great Society
• G)Supplemental Security Income (SSI)
• H)medical savings account (MSA)

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Definitions:

Scrap Value

The estimated resale value of an asset after its useful life is over and it is deemed to no longer be usable for its intended purpose.

Contribution Margin

The difference between sales revenue and variable costs of a product, indicating how much contributes towards covering fixed costs and earning profit.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.

Marginal Costs

The additional cost incurred from producing one additional unit of a product or service.