The Code Defines __________ as "Honesty in Fact in the Conduct

question 65

Multiple Choice

The Code defines __________ as "honesty in fact in the conduct or transaction concerned."

• A) good faith
• B) unconscionability
• C) merchantability
• D) entrusting

Identify the importance of accurate patient billing and electronic medical records.

Understand the role of outsourcing in medical billing.

Grasp the significance of practice management (PM) software in generating billing statements.

Explain the procedures and implications of adjustments made to patient accounts.

---

Definitions:

Subsidiary

A company that is completely or partly owned and partly or entirely controlled by another company, known as the parent company.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the corporation's ownership.

Poison Pill

A defensive strategy used by companies to deter hostile takeovers by making the company less attractive to the potential acquirer.

Takeover Bid

An offer made by an individual, group, or company to purchase a significant portion or all of the target company's shares in order to gain control of the target company.