An Ocean Carrier's Goal of Maximizing Total Revenue of the Entire

question 129

Multiple Choice

An ocean carrier's goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

• A) any-quantity service rate
• B) value of service rate
• C) limited service rate
• D) incentive rate

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Definitions:

Pre-op Preparation

The process of readying a patient for a surgical procedure, including medical examinations and instructions.

Diagnosis-Related Groups

A system of classifying hospital cases into groups to facilitate payment based on the costs associated with the typical patient in each group.

Prospective Pricing

A pricing approach where the price for services, especially in healthcare, is determined in advance based on expected costs.

Provider's Coding

The process by which healthcare providers specify diagnostic and treatment codes for patient care, used for billing and record-keeping purposes.