Entities That Make Payment on an Obligation or Debt but Are

question 17

Multiple Choice

Entities that make payment on an obligation or debt but are not parties of the contract that created the debt are called

• A) riders.
• B) service benefit plans.
• C) third-party payers.
• D) capitation.

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Definitions:

Preferences

An indication of the comparative liking, desires, or tastes of consumers for one good or service over another.

Parallel

In mathematics and computing, it refers to lines that remain the same distance apart and never meet, or processes occurring simultaneously.

Transitive Preferences

A condition in decision-making where if an individual prefers option A over B, and B over C, then they must also prefer A over C.

Characteristics

Distinctive features or qualities that define a person, object, or phenomenon.