Choose the Word or Phrase in [ ] Which Will

question 58

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-One difference between health maintenance organizations (HMOs)and individual practice associations (IPAs)is that [HMOs cost much less | IPAs do not provide services from a central location].

---

Definitions:

Fixed Costs

Expenses that do not change with changes in production level or sales volume.

Controllable Costs

Expenses that can be influenced or managed by a specific manager or department within a company.

Noncontrollable Costs

Costs that cannot be directly controlled or influenced by management decisions in the short term.

Top Management

Refers to the highest level of managers within an organization, responsible for strategic decision-making and overall operational direction.