In the Paragraph Below, Two Statements Each Contain a Pair

question 62

Multiple Choice

In the paragraph below, two statements each contain a pair of terms enclosed in parentheses. Determine which term correctly completes each statement. Then select the answer choice that contains the two terms you have chosen. A formulary lists the drugs and treatment protocols that are considered to be the preferred therapy for a given managed population. The Fairfax Health Plan uses the type of formulary which covers drugs that are on its preferred list as well as drugs that are not on its preferred list. This information indicates that Fairfax uses the (closed / open) formulary method. In using the formulary approach to pharmacy benefits management, Fairfax most likely experiences (higher / lower) costs for its members' prescription drugs than it would if it did not use a formulary.

• A) closed / higher
• B) closed / lower
• C) open / higher
• D) open / lower

Examine the significance of slave family life, folklore, and religious practices in the resistance against slavery.

Evaluate historical interpretations of the impact of slavery on American society.

Understand the basic principles of the market system, including self-interest, competition, and private property.

Describe the characteristics and implications of laissez-faire capitalism and command economies.

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Definitions:

Industrial Firms

Companies engaged in the production of goods within an industrial sector, including manufacturing, construction, and mining activities.

Assets

Resources owned or controlled by a business, entity, or individual, expected to produce economic value or future benefits.

Economic Order Quantity

A formula used to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.