To Effectively Plan and Make Decisions in a Global Economy,managers

question 17

True/False

To effectively plan and make decisions in a global economy,managers need to understand local market conditions and technological factors that will affect their operations.

---

Definitions:

Health Care Organization

An institution that provides medical services, ranging from preventive care to treatment and management of illnesses and diseases.

Deductible

In insurance, it is the amount that must be paid out of pocket by the policyholder before an insurance provider will cover any expenses.

Copayment

A fixed amount paid by a patient for a covered healthcare service, with the remaining balance covered by their insurance.

Medical Insurance

This insurance provides coverage for the health care and surgical expenses of the person insured.