Which of the Following Has Resulted from the Payment System

question 84

Multiple Choice

Which of the following has resulted from the payment system laid down by the American Medical Association?

• A)The payment system has discouraged specialization among workers.
• B)The cost of doing business for the physicians declined due to increased competition.
• C)The cost of malpractice insurance has declined.
• D)The quantity of medical equipments purchased by the physicians has increased.
• E)The number of tests ordered by physicians has decreased.

---

Definitions:

Actual Costs

The realized expenses incurred in the production of goods or services, as distinguished from estimated costs or budgeted amounts.

Principle of Exceptions

A management principle focusing on the identification and handling of cases that deviate from the norm.

Labor Rates

The amount paid to workers for their services, usually expressed on an hourly basis.

Union Contracts

These are agreements between employers and labor unions that dictate wages, hours, benefits, and working conditions for the workers.