A Firm That Engages in Strategic Outsourcing Typically

question 82

Multiple Choice

A firm that engages in strategic outsourcing typically

• A) increases its internal transaction costs.
• B) reduces its level of vertical integration.
• C) reduces its level of external transaction costs.
• D) increases its level of horizontal integration.

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Definitions:

Co-Pay Receipt

A document or proof of payment indicating the portion of a healthcare service fee that a patient pays out of pocket.

Explanation of Benefits (EOB)

A document provided by insurance companies to members detailing the costs covered and owed for healthcare services received.

Institutional Provider

A healthcare facility such as a hospital, clinic, nursing home, or any organization that delivers medical care services.

CMS-1450

A form used in the healthcare industry for hospital providers to bill Medicare and Medicaid programs and some private insurers.