An Office Management Firm Has Developed a System for Efficiently

question 76

Multiple Choice

An office management firm has developed a system for efficiently organizing small medical and dental practices both through proprietary software and through unique training programs for staff.It has recently acquired a firm specializing in providing management services for veterinary practices.The office management firm is hoping to:

• A) achieve economies of scope.
• B) implement vertical integration.
• C) achieve financial economies through an unrelated acquisition.
• D) acquire specialized talent from the veterinary management company.

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Definitions:

GB

Stands for Gigabyte, a unit of digital information storage equal to 1,024 megabytes (MB), commonly used to quantify computer file sizes and storage capacities.

Binary Language

The foundational computer language consisting of two symbols, typically 0 and 1, representing off and on states, used for all basic computations.

Basic Level

Refers to the foundational or introductory level of knowledge, skills, or complexity in a particular field or activity.

Binary Numbers

A base-2 numeral system that uses only two symbols, typically 0 and 1, representing values using two different states.