An Example of Change in Competition Is ________

question 82

Multiple Choice

An example of change in competition is ________.

• A) U.S. manufactured Toyota vehicles
• B) collapse of Enron Corporation
• C) Iraq-U.S. war
• D) increased interest in urban living
• E) a decrease in interest rates

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Definitions:

Diagnosis-Related Groups (DRGs)

Diagnosis-Related Groups (DRGs) are a system to classify hospital cases into one of originally 467 groups, intended to identify the "products" that a hospital provides, for the purpose of Medicare and health insurance programs.

Capitated Rates

A payment arrangement for healthcare service providers where they are paid a set amount for each enrolled person assigned to them, regardless of whether that person seeks care.

Unnecessary Costs

Expenses that could be avoided without a detrimental effect on the quality of goods or services offered.

Selective Breeding

The process of breeding plants or animals for specific genetic traits, with the aim of producing offspring with desired characteristics.