Suppose Price Is Measured Along the Vertical Axis on a Graph.When

question 10

Multiple Choice

Suppose price is measured along the vertical axis on a graph.When price changes,there will be a

• A)rotation of the curve.
• B)shift of the curve.
• C)movement along the curve.
• D)change in the slope of the curve.

Understand the difference between reimbursement and indemnity policies in health insurance.

Calculate the ideal benefit amount for disability income insurance based on gross pay.

Identify services included and not included in home health care coverage.

Develop an understanding of personal strategies for managing health care costs, the importance of health insurance in financial planning, government and private sources of health and disability insurance, and the basic types of health insurance.

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Definitions:

Credit Side

The right side of an account record in double-entry bookkeeping, used to record increases in liability, equity, and revenue accounts, and decreases in asset and expense accounts.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, considered as a current asset on the balance sheet.

Expense

Money spent or cost incurred in an entity’s efforts to generate revenue, representing the cost of doing business.

Unearned Revenue

Money received by a company for goods or services yet to be provided, considered a liability until the service or product is delivered.