Match the Term with the Appropriate Definition or Description

question 46

Multiple Choice

Match the term with the appropriate definition or description:
-Occurs when consumer's willingness to purchase services is greater than the supply offered

• A)cost-push inflation
• B)demand-pull inflation
• C)diagnosis related groups (DRGs)
• D)Final Report of the Committee on the Costs of Medical Care
• E)gross domestic product (GDP)
• F)health maintenance organization (HMO)
• G)medical malpractice
• H)national debt
• I)Organization for Economic Cooperation and Development (OECD)
• J)"pain and suffering"
• K)quality improvement (QI) initiatives
• L)regional variation in health care costs
• M)Roemer's law
• N)yearly deficit

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Definitions:

Discrete Financial Information

Financial data that is separate and distinct, not continuous, often referring to specific reporting periods.

Generate Revenue

The process of creating income for a business through its operations, such as selling goods or providing services.

Managing Director (MD)

The senior-most executive in an organization or business, typically responsible for strategy, decision-making, and day-to-day operations.