________ Must Provide Cost-Efficient Health Care and Emphasize Cost Containment

question 39

Multiple Choice

________ must provide cost-efficient health care and emphasize cost containment in order to compete.

• A) PPOs
• B) MBOs
• C) HMOs
• D) Both A and C are correct.

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Definitions:

Benchmark

A standard or point of reference against which things may be compared or assessed.

Agency Problem

A conflict of interest between a company's management and its shareholders, where the management may act in their own best interests rather than those of the shareholders.

Shareholders

Individuals or entities that own shares of stock in a corporation, giving them ownership interests and possibly rights to dividends and voting.

Management

Management involves the organization and coordination of activities to achieve defined objectives, typically within a business setting.