In Cost-Plus Pricing,the Markup Is a Rigid Number That Determines

question 58

True/False

In cost-plus pricing,the markup is a rigid number that determines the actual selling price.

---

Definitions:

Medicare Patients

Individuals who are covered under Medicare, a federal health insurance program primarily for people who are 65 or older, as well as for some younger people with disabilities.

CPT

Current Procedural Terminology, a set of medical codes used to describe diagnostics, treatments, and procedures for billing purposes.

ICD-9-CM

An outdated system used in the United States for classifying and coding diagnoses, symptoms, and procedures recorded in conjunction with hospital care, replaced by ICD-10-CM.

ICD-10-CM

ICD-10-CM stands for International Classification of Diseases, 10th Revision, Clinical Modification, a coding system used for diagnosing and classifying diseases.