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At Meridian Inc.,employees are given general goals and basic budgets rather than policy manuals.Furthermore,it is expected that they will be strongly dedicated to the goals of the organization.Which control approach does Meridian Inc.use?
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand, leading to a stable market condition.
Deductible
In insurance, it is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses.
Health Care Demanded
Refers to the quantity of health care services that individuals are willing and able to purchase at a given price.
Managed-Care Organizations
Health insurance companies that provide medical care directly to the insured individuals through specific networks of doctors, hospitals, and other healthcare providers.
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