The Most Significant Change in American Health Care That Has

question 9

Multiple Choice

The most significant change in American health care that has implications for health psychology is:

• A)the expense of high technology.
• B)the trends in physician education.
• C)the rapid growth of prepaid, colleague-centered service.
• D)the increasing preference for private, client-centered practices.

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Definitions:

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the degree to which a company can leverage fixed costs.

Capital Intensive

Refers to industries or businesses that require large amounts of money to buy, maintain, or improve their assets such as property, plants, and equipment.

Variable Costs

Costs associated with a business that fluctuate according to operational levels.

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, highlighting the effects of fixed costs.