An Office Management Firm Has Developed a System for Efficiently

question 76

Multiple Choice

An office management firm has developed a system for efficiently organizing small medical and dental practices both through proprietary software and through unique training programs for staff.It has recently acquired a firm specializing in providing management services for veterinary practices.The office management firm is hoping to:

• A) achieve economies of scope.
• B) implement vertical integration.
• C) achieve financial economies through an unrelated acquisition.
• D) acquire specialized talent from the veterinary management company.

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Definitions:

ESP

Short for extrasensory perception, it refers to the purported ability to acquire information without using the known five senses.

Parapsychology

A field of study concerned with investigating paranormal and psychic phenomena which fall outside recognized scientific explanations, such as telepathy, precognition, and clairvoyance.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Precognition

The purported psychic ability to see or know about events before they happen, which lacks empirical support in the scientific community.