What Are the Three Common Forms of Managed Care Plans

question 34

Multiple Choice

What are the three common forms of managed care plans? (Managed Care Plans)

• A)Individual practice organizations,point-of-service plans,health maintenance organizations
• B)Health maintenance organizations,preferred provider organizations,point-of-service plans
• C)Preferred provider organizations,point-of-service plans,individual practice organizations
• D)Preferred provider organizations,health maintenance organizations,individual practice organizations

---

Definitions:

Selling Expenses

Costs incurred directly and indirectly from selling products or services, such as advertising, commissions, and shipping costs.

Merchandise

Goods bought and sold by businesses, typically in the retail industry.

Journal Entry

A journal entry is a record in the accounting books that logs a business transaction, indicating the accounts and amounts to be debited and credited.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.