A group of physicians and hospitals who have banded together to offer a health insurance contract in areas where there is no available HMO is called a
a. preferred-provider network
b. individual practice organization
c. cooperative health care group
d. provider-sponsored network
d
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A company changes from capitalizing and amortizing preproduction costs to recording them as an expense when incurred, because future benefits associated with those costs have become doubtful. This accounting change should be recognized as a
A) change in accounting estimate. B) change in accounting principle. C) change in reporting entity. D) correction of an error.
Which of the following is an advantage of working in teams?
A. Cost B. Peer pressure C. Groupthink D. Increased acceptance of a solution E. Hidden agendas
A party acting alone can be liable for anticompetitive activities under Section 1 of the Sherman
Act. Indicate whether the statement is true or false
Which of the following would be a disadvantage of manufacturer storage with direct shipping?
A) The ability to reduce cost of inventory by centralizing inventories at the manufacturer. B) The manufacturer has to postpone customization until after the customer order has been placed. C) Supply chains have to eliminate other warehousing space to save on the fixed cost of facilities. D) Response times tend to be large because the order has to be transmitted from the retailer to the manufacturer and shipping distances are on average longer from the manufacturer's centralized site.