The "80/20 Rule" Says That

question 71

Multiple Choice

The "80/20 rule" says that:

• A) only 20 out of every 100 firms use formal accounting controls.
• B) a firm should hire 20 sales reps for every 80 customers.
• C) marketing accounts for 80 percent of a typical consumer's dollar.
• D) even though a firm is showing a profit, 80 percent of its business might be coming from only 20 percent of its customers.
• E) usually about 20 percent of a firm's customers are unprofitable.

Understand the characteristics and purposes of various consumer-driven health plans.

Identify and differentiate between the parts of Medicare and their corresponding coverages.

Recognize the role of specific organizations and regulations in healthcare quality assurance and compliance.

Understand Medicare's reimbursement methods and third-party billing processes.

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Definitions:

Federal

Pertaining to the central government of a country as opposed to local or state governments.

Legislation

The body of laws and regulations enacted by a government or legislative body to govern behavior and actions within a society.

Repetitive Strain Injuries

Physical injuries that result from overuse of particular parts of the body, often caused by repetitive tasks or poor ergonomics.

Ergonomic Principles

Guidelines designed to improve comfort, efficiency, and safety in the design of workplaces, tools, and tasks, by considering human physical and psychological capabilities and limitations.