TynsCorp Is Pursuing a Comprehensive Plan That Hopes to Cut

question 4

Multiple Choice

TynsCorp is pursuing a comprehensive plan that hopes to cut costs, but focuses more on the medical care that employees really need. Benefits and health programs will be targeted towards those needs, which should, ultimately, lead to cost savings. TynsCorp is turning to

• A)value-based health initiatives.
• B)medical supervision.
• C)health reimbursement programs.
• D)cafeteria plans.

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Definitions:

Implementing

The process of putting plans, strategies, or ideas into action to achieve desired outcomes.

Defining Objectives

The process of establishing clear, specific, measurable, and achievable targets that an organization or individual aims to reach.

Setting Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals for an individual, team, or organization.

Planning

The process of making plans for something, especially by specifying goals, strategies, and actions to achieve those goals.