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Benetton Is Well Known for the Practice of Assembling All

question 40

Multiple Choice

Benetton is well known for the practice of assembling all white sweaters and waiting to dye them much closer to the time of sale. This is an example of what?

Distinguish between different voting outcomes and their implications for public goods provision and project approval.

Understand the concept of majority voting and its implications on public goods provision.

Grasp the paradox of voting and how the median voter theorem operates in elections.

Recognize conditions under which a law, even if desired by the majority, might be economically inefficient.

Definitions:

ICD-10-PCS

The International Classification of Diseases, Tenth Revision, Procedure Coding System; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures recorded in conjunction with hospital care in the U.S.

More Than 68,000 Codes

Referring to the extensive number of diagnostic codes in the ICD-10 CM (International Classification of Diseases, 10th Revision, Clinical Modification).

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a coding system used to classify diagnoses, symptoms, and procedures for medical billing in the U.S.

Birthday Rule

A means to identify primary responsibility in insurance coverage; identifies the primary insurance carrier when children have coverage through more than one parent. The insurance of the parent with the birthday earliest in the year, month and day only, is identified as the primary insurer. If both parents have the same birth date, the policy that has been in effect the longest is the primary carrier.