SyMed Development,Inc

question 59

Multiple Choice

Sy.Med Development,Inc.is the only company that has credentialing application software for physicians and managed care organizations.Credentialing applications must be submitted to each insurance provider annually and can be a very labor-intensive process.Sy.Med is the only company that has developed such software,and it provides complete support for the software.A physician's office in Montana that wants to buy or use the software would be making the purchase decision

• A)with bounded rationality.
• B)under risk.
• C)under uncertainty.
• D)with a satisficing result.
• E)under certainty.

---

Definitions:

Depreciate

A decrease in the value of an asset over time, often due to wear and tear or obsolescence.

Nominal Exchange Rate

The rate at which one country's currency can be exchanged for another country's currency without adjustment for inflation rates.

Real Exchange Rate

The rate at which two currencies can be exchanged, adjusted for inflation, indicating how much of a country's goods and services can be exchanged for those of another country.

Prices Rise

An increase in the cost of goods and services in an economy over a period of time.