Which of the Following Is True About the ICD-10-CM

question 1

Multiple Choice

Which of the following is true about the ICD-10-CM:

• A)There is a limitation of injury codes.
• B)There is additional information that is relevant to inpatient encounters.
• C)There are combination diagnosis/symptom codes.
• D)There was an addition of an eighth character.

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Definitions:

Activity-based Costing

An accounting approach which attributes overheads and indirect costs to specific activities related to production, offering more precise cost information.

Limitation

A restriction or boundary that defines the scope or extent of something, such as a study or a project.

Direct Labour-based Costing System

A method of cost accounting that allocates expenses based primarily on the direct labor hours incurred in producing a product or delivering a service.

Overstated Costs

A situation where the reported cost of goods sold or expenses are higher than the actual costs incurred, potentially leading to a lower reported profit.