Overprovisioning Is ________

question 16

Multiple Choice

Overprovisioning is ________.

• A)wasteful of capacity
• B)highly labor-intensive
• C)both A and B
• D)neither A nor B

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Definitions:

Health Care Industry

A sector that provides medical services, manufactures medical equipment, or drugs, and offers medical insurance.

Out of Pocket

Expenses that are paid directly by an individual, often referring to medical expenses not covered by insurance.

Health Care Costs

This term covers the expenses associated with medical and health services, including prevention, diagnosis, treatment, and rehabilitation.

Asymmetric Information

A situation where one party in a transaction has more or better information than the other party, often leading to market inefficiencies or failures.