Companies Need to Be Vigilant in Product Quality Testing Not

question 9

Multiple Choice

Companies need to be vigilant in product quality testing not simply from an ethical perspective but from a financial one as well. Personal claims and property damage from consumer product safety incidents cost companies more than __________ annually.

• A)$100 million
• B)$900 million
• C)$300 billion
• D)$500 billion
• E)$700 billion

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Definitions:

Preferred Provider Organizations

Health care organizations that offer members discounted rates for medical care from a network of preferred providers, while still covering some costs for care outside the network.

Discounted Prices

Prices reduced from the original or list price, often to encourage prompt payment or bulk purchasing.

Fixed Amount

A specific sum that does not change over time or under varying circumstances.

Patient Protection And Affordable Care Act

A health care reform law enacted in 2010 aimed at expanding health insurance coverage and reducing the costs of healthcare for Americans.