Disintermediation Occurs When Product or Service Producers Cut Out Intermediaries

question 51

True/False

Disintermediation occurs when product or service producers cut out intermediaries and sell directly to final buyers.

Understand the concepts of standard of care, negligence, and malpractice in a healthcare context.

Explain the role and importance of risk management in healthcare settings.

Understand the implications and requirements of major healthcare acts such as the Good Samaritan Act, HIPAA Privacy Rule, and Patient Self-Determination Act.

Describe the legal framework governing organ donation and the handling of anatomical gifts.

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Definitions:

Sustainable Procurement

The acquisition process aimed at obtaining goods, services, and works in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.

Ecologically Sound

Practices or products that have minimal impact on the environment and promote sustainability.

Organizational Buying Behavior

The decision-making process by which formal organizations establish the need for purchased products and services, and identify, evaluate, and choose among alternative brands and suppliers.

Decision-Making Process

The cognitive process leading to the selection of a course of action among several alternatives, often involving steps such as problem recognition and evaluation of alternatives.