Which Statement Is Accurate Regarding Cost Control in Countries Other

question 12

Multiple Choice

Which statement is accurate regarding cost control in countries other than the U.S.?

• A)If there are multiple payers, the terms of payment from each payer is much the same.
• B)Most hospitals and physicians collect revenues from many payers on many different terms.
• C)Providers of care are encouraged to buy new equipment and expand their facilities to increase costs and revenues.
• D)Each payer tries to negotiate better prices by threatening to take its business to other providers of care.

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Definitions:

Product Ranking

The process of ordering products based on certain criteria, such as sales volume or profitability, to prioritize or make business decisions.

Processing Intermediate

A partially finished product that requires further processing or assembly before it becomes a final product.

Financial Advantage

The benefit gained in economic terms which may include aspects like cost savings, revenue increase, or any other financial gain.

Refined Sugar

Sugar that has undergone processing to remove impurities and is typically found in a granulated or powdered form.