Match Each Type of Health Plan to Its Description

question 41

Multiple Choice

Match each type of health plan to its description.

-A contract that insures a person against on-the-job injury or illness.

• A)Independent practice association (IPA)
• B)Medicaid
• C)State disability or Unemployment Compensation Disability (UCD)
• D)TRICARE
• E)Workers' compensation insurance
• F)CHAMPVA
• G)Health maintenance organization (HMO)
• H)Disability income insurance
• I)Medicare

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, after all sales and purchases have been accounted for.

Accounting Period

A specific time frame for which financial statements are prepared, to measure the performance and financial position of a business.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue, indicating the company's financial performance over a specific period.

Specific Identification Method

An inventory costing method in which costs are assigned to individual items, enabling precise cost determination of goods sold and ending inventory.