Medical Costs Can Be Monitored and Reduced by Using Restrictions

question 6

Multiple Choice

Medical costs can be monitored and reduced by using restrictions and market system alternatives. Which of the following is a system associated with these approaches?

• A)monitored health plans
• B)medical review programs
• C)medical option plans
• D)managed care

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Definitions:

Sales Returns & Allowances

A reduction in sales revenue that occurs when customers return products or receive discounts for unsatisfactory goods.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals and not recorded in real-time after each sale or purchase.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made periodically, typically at the end of a reporting period.

Periodic

In accounting, periodic refers to a system or method where financial information and inventory levels are updated at specific intervals, rather than continuously.