Traditional Health Insurance Plans Are

question 11

Multiple Choice

Traditional health insurance plans are

• A)managed care plans.
• B)value-based plans.
• C)pay for service plans.
• D)HMO plans.

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Definitions:

Ordinary Course of Business

The regular, usual, and customary activities and operations that a company engages in to conduct its business.

Consignment

The process of handing over goods to another party to sell on behalf of the owner, yet ownership remains with the original party until the goods are sold.

Personal Property

Movable items owned by an individual or corporation, as opposed to real property like land or buildings.

Nonconforming Goods

Products delivered under a sale contract that do not meet the specifications or quality standards stipulated.