Which of the Following Is an Example of a Managed

question 39

Multiple Choice

Which of the following is an example of a managed health plan?

• A)HMO
• B)PPO
• C)POS
• D)Physicians Network
• E)All of the above

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Definitions:

Average Costs

The total cost of production divided by the quantity produced, indicating the cost per unit of product or service.

Tolerances

The permitted variations in measurements or physical characteristics in the manufacturing or production of goods.

Economies of Scale

Economies of scale describe the reduction in per-unit cost that a company benefits from as it scales up production. This cost benefit is due to the fixed costs spreading over a larger number of units.

Economies of Scope

Cost advantages that enterprises obtain by producing a wide range of products, diversifying their output, and sharing production inputs.