Groups of physicians that contract with an employer to provide medical resources on a more cost-efficient basis in exchange for a greater share of patients are known as

A. preferred provider organizations (PPOs).
B. major medical plans.
C. health maintenance organizations (HMOs).
D. integrated medical practices.


Answer: A

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The balances in the unadjusted columns of a work sheet will agree with:

A. the balances management budgeted for the accounting period. B. whatever balances management has decided to report. C. the balances in the company's post-closing trial balance. D. the balances reflected in the company's financial statements. E. the balances reflected in the company's unadjusted trial balance.

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Because they are so busy, many executives have filtration systems to protect their time. In order to get through this system, you, as a professional salesperson, should do all of the following EXCEPT:

A. call at the right time on the right person. B. develop friends in the prospect's firm. C. believe in yourself. D. follow the prospect. E. not waste time waiting.

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On January 1, Biden, Inc's Work-in-Process Inventory account had a balance of $31,900

During the year, $58,500 of direct materials was placed into production. Manufacturing wages incurred amounted to $85,000, of which $64,500 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,300. Jobs costing $220,800 were completed during the year. What is the December 31 balance of Work-in-Process Inventory? A) $154,900 B) $31,900 C) $232,300 D) $11,500

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If a promise is made, it will be enforced.

Answer the following statement true (T) or false (F)

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