Sometimes, It Can Even Make Financial Sense for a Firm

question 44

True/False

Sometimes, it can even make financial sense for a firm to enter a prima facie unattractive industry

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Definitions:

Organizational Ethics

The standards by which an organization will hold itself accountable to proper conduct; represent the values by which the organization conducts its business. Organizations frequently include a values statement as part of their mission and vision statements.

Company Policies

Guiding principles and procedures established by a company to dictate behavior and decisions in various situations within the business.

Business Values

Fundamental beliefs or principles that guide the actions and decisions of a business organization.

Capitated Payment

A payment scheme in healthcare where providers are paid a set amount for each enrolled patient regardless of the number of services provided, encouraging efficient care.