The Health Maintenance Organization Act of 1973 ushered in the concept of one-stop, prepaid medical services as an alternative to traditional insurance programs.
Answer the following statement true (T) or false (F)
True
The Health Maintenance Organization Act of 1973 ushered in the concept of one-stop, prepaid medical services as an alternative to traditional insurance programs. Under this arrangement, organizations contract with an approved health maintenance organization (HMO) to provide all the basic medical services the organization's employees need for a fixed price.
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A strategic vision constitutes management's view and conclusions about the company's
A. past and present scope of work. B. long-term plan for outcompeting rivals and achieving a competitive advantage. C. business model and the kind of value that it is trying to deliver to customers. D. justification of why the business will be a moneymaker. E. long-term direction and what product-market-customer mix seems optimal.
Buyer Bob breaches his contract for the sale of goods with Seller Suzie. Suzie still has possession of the goods at the time of the breach. Suzie can refuse to deliver the goods and:
a. resell the goods and sue Bob for the total contract price. b. either resell the goods or sue, but not both. c. resell the goods and sue for any loss on the sale plus incidental damages less expenses saved. d. resell the goods and sue only for incidental damages.
Location A would result in annual fixed costs of $300,000 and variable costs of $55 per unit. Annual fixed costs at Location B are $600,000 with variable costs of $32 per unit. Sales volume is estimated to be 30,000 units per year
Which location has the lower cost at this volume? How large is its cost advantage? At what volume are the two facilities equal in cost?