Matt Has a Health Care Plan That Provides Him Coverage

question 32

Multiple Choice

Matt has a health care plan that provides him coverage in such a way that allows him to be involved in making decisions to help lower costs.This plan typically includes insurance with a high deductible,a medical savings account,and ongoing health education.Which type of health care plan is Matt using?

• A) Managed care
• B) Health maintenance organization
• C) Preferred provider organization
• D) Flexible health plan
• E) Consumer-driven health plan

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Definitions:

Initial Franchise Fees

The upfront cost paid by a franchisee to a franchisor to enter into a franchise agreement, typically covering training, support, and the right to use trademarks.

Revenue Recognition

The accounting principle that determines the specific conditions under which income becomes recognized as revenue.

Installment Sales Method

An accounting method used to recognize revenue from sales where payment is received in installments over a period.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) aimed at making global financial reporting more transparent and comparable.