An Organization That Provides Health Services on a Fixed-Contract Basis

question 70

Multiple Choice

An organization that provides health services on a fixed-contract basis is a:

• A)fee-for-service plan
• B)preferred provider organization
• C)health maintenance organization
• D)point-of-service plan

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Definitions:

FASB

Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the U.S.

Federal Statutes

Laws passed by the national government of a country that are applicable throughout the country.

Accounting Equation

The basic formula expressing that a company's total assets are equal to the sum of its liabilities plus equity capital.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the business.