Which Statement Is True

question 163

Multiple Choice

Which statement is true?

• A)Shutting down is a long run option.
• B)Going out of business is a short run option.
• C)Continuing to operate is a short run option.

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Definitions:

TRICARE

TRICARE is a health care program of the United States Department of Defense Military Health System providing health benefits to military personnel, retirees, and their dependents.

Health Insurance Plan

An insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.

TRICARE for Life

A healthcare program for U.S. military retirees and their dependents, providing Medicare-wraparound coverage.

Medicare

Medicare is a federal health insurance program in the United States for people aged 65 and older, as well as for some younger people with disabilities.