What Is the Name for an Insurance Plan's List of Approved

question 54

Multiple Choice

What is the name for an insurance plan's list of approved medications?

• A) Formulary
• B) Prescription
• C) Premium
• D) Generic

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Definitions:

Shortage

A situation where the demand for a product or resource exceeds the available supply.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Limitations

Constraints or restrictions that affect the scope, effectiveness, or validity of a process, analysis, or system.

Electronic Communication

The transmission of information using electronic means such as email, instant messaging, social media, or other digital platforms.