A Contribution Format Income Statement Presents All Costs

question 110

Multiple Choice

A contribution format income statement presents all costs

• A)by behavior rather than by function.
• B)by function rather than behavior.
• C)by cost classification rather than by behavior.
• D)by category rather than behavior.

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Definitions:

Deductible

In insurance, it is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses.

Health Care Demanded

Refers to the quantity of health care services that individuals are willing and able to purchase at a given price.

Managed-Care Organizations

Health insurance companies that provide medical care directly to the insured individuals through specific networks of doctors, hospitals, and other healthcare providers.

Health Maintenance Organizations

A type of health insurance plan that provides comprehensive healthcare services to enrolled members for a fixed, prepaid fee.