California caps noneconomic damages in medical malpractice cases at $250,000. California and other states hope that such limits will reduce health-care expenditures by reducing
A. the frequency and severity of medical malpractice claims.
B. the frequency and severity of occurrences of medical negligence.
C. the number of legal and financial personnel, including attorneys.
D. the size of medical staffs, including "nonessential" personnel.
Answer: A
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Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for April? Assume a smoothing constant value of 0.4.
a. 190 b. 198 c. 202 d. Cannot be determined from the information given
The normal balance of an account is the increase side of the account
Indicate whether the statement is true or false
One of the ways in which standardization of services occurs is through:
A. Organizational flattening B. Autonomous management C. Employee encroachment D. Division of labor and specialization E. Substitution of technology for personal contact and human effort
If there are three or more populations, then it is
a. possible to test for equality of three or more population proportions. b. impossible to test for equality of the three population proportions, because chi-square tests deal with only two populations. c. customary to use a t distribution to test for equality of the three population proportions. d. reasonable to test for equality of multiple population proportions using chi-square lower tail tests.