A Certain HMO Is Attempting to Show the Benefits of Managed

question 67

Multiple Choice

A certain HMO is attempting to show the benefits of managed health care to an insurance company. The HMO believes that certain types of doctors are more cost-effective than others. One
Theory is that primary specialty is an important factor in measuring the cost-effectiveness of
Physicians. To investigate this, the HMO obtained independent random samples of 25 HMO
Physicians from each of four primary specialties-- General Practice (GP) , Internal Medicine (IM) ,
Pediatrics (PED) , and Family Physician (FP) -- and recorded the total per-member, per-month
Charges for each. Identify the treatments for this group.

• A)the total per-member, per-month charges
• B)the HMO
• C)the 100 physicians
• D)the four specialty groups-GP, IM, PED, and FP

Identify factors contributing to variations in economic growth rates among countries.

Recognize the significance of technological knowledge and human capital in enhancing productivity.

Analyze the role of policy orientations (inward vs. outward) and their effects on economic growth.

Describe the relationship between productivity and standard of living.

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Definitions:

Fixed Manufacturing Overhead

Costs associated with manufacturing that do not vary with the level of production, such as salaries of managers, rent of the factory, and depreciation of manufacturing equipment.

Budget Variance

The difference between budgeted figures for revenue or spending and the actual amounts incurred.

Machine-Hours

A measure of production time, calculated by the number of hours machines are operating as part of the manufacturing process.

Actual Output

The actual quantity of goods or services produced by a company within a specified timeframe.