The Difference between Economic Profit and Accounting Profit When it comes to business decisions‚ there are many ways to analysis the financial status of a firm. What guidelines determine profit margin? Who uses these guidelines? How is profit used to analysis a firm and its business decisions? This paper will discuss two terms that are used to define profit: accounting profit and economic profit. The first term is called accounting profit which uses the equa-tion. The second term for profit
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FEATURES OF SERVICES In terms of economics‚ service is a transaction where no physical goods are transferred from the seller to the buyer. The benefits of services are held to be demonstrated by the buyer’s willingness to make the exchange. In terms of management‚ Service is a customer-focused approach in delivering information technology. Service Management focuses on providing value to the customer and also on the customer relationship. Some of the basic features of Services are: 1. Intangibility:
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Fee-for-service payment method is based on provider charges which also mean the fee is paid after the patient receives services from the doctor. Fee-for-service would consist of the patient paying his or her monthly payment on time and then when visiting the doctor unless there is a co pay or a procedure that is done that day then there is no payment needed. If by chance there is a procedure done that day then before leaving there might be a cost when the medical biller bills the company the health
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financing: 1) What are the pros and cons of paying physicians by fee-for-service? Pros • Patient’s own choice of doctors and hospitals‚ thereby improving accessibility. • Patients may visit any specialist without a referral from a primary care physician. • Improves physician autonomy. • High service volume. Cons • There is usually a deductible (anywhere from $500 to $1500 or more) before the insurance plan starts paying claims. The doctors will be reimbursed 80% for the services provided while
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2) Services Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything‚ is called Service. Difference between Goods & Services There are various differences between goods and services but they can be classified on the basis of the following heads: 1) On the basis of Characteristics 2) On the basis of Offering 1) On the basis of Characteristics The goods and services‚ on the
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Kirat Hundle 1. What is the difference between an element and a compound? An element is an isotope made of the number of neutrons it has. A compound is a substance made of two or more different elements (a mixture). 2. What is the periodic table? A periodic table is where the chemical elements are organized based on their atomic number (number of protons in the nucleus)‚ electron arrangement‚ and chemical properties. 3. Give two examples of each of the four major mineral groups (silicates‚ carbonates
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national certification important with respect to billing and reimbursement? When? Discuss reimbursement barriers and issues that hinder or prevent APNs from receiving reimbursement for services rendered. What are steps APNs must take to increase the likelihood for reimbursement? Qiuyue Li Asuza Pacific University Karen D French 02/12/13 1. The Question I believe national certification is important with respect to billing and reimbursement. National certification is often required in order to acquire
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ve primary differences between work and academic writing are 1. Writing at work focuses on problem solving. Unlike academic writing where you write to persuade your professor how much you know‚ at work you write to help you perform your job. Primarily‚ you are trying to achieve a specific goal and to complete a job task. 2. Work-related writing targets multiple audiences with different perspectives. In college our primary and‚ typically‚ only audience is our professor. Professors approach
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The Difference Between Wealth Maximization and Profit Maximization Profit maximization is a traditional approach which is claimed to be the main goal of any kind of business‚ small or big. Profit equals to revenues substracted by expenses. It is needed for business survival; pay rents‚ employees salary‚ capital‚ research and development. If a business doesn’t yield any profit‚ it can be said that they’re on danger in term of survival because profit is the main objective. Wealth maximization is
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Tanisha Singh English 102w Essay#2 final Prof. Tiffany Werth TA: Jonathon Wilcke August 16th‚ 2010 Word Count: 1150 Capitalization of Gender in Edna Millay ’s “I‚ Being Born a Woman and Distressed” and Elizabeth Browning ’s “Sonnet 43” The sonnet has experienced many modifications and innovations throughout the ages. Edna St. Vincent Millay’s “I‚ Being Born a Woman and Distressed” and Elizabeth Barrett Browning’s “Sonnet 43”‚ both Petrarchan sonnets‚ have diversified and helped pave the
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