Which of the Following Is an Important Reform Addressed in the Healthcare

question 11

Multiple Choice

Which of the following is an important reform addressed in the healthcare reform law of 2010 that addresses issues faced by the elderly?

• A)HMOs and PPOs will take the place of Medicare.
• B)Terminally ill patients and their caretakers will consult a government-appointed panel to seek the "best course of action" for their long-term treatment
• C)Senior citizens will pay an extra $3200 per year for prescription medication,but receive $2000 in rebates thereafter..
• D)Existing Medicare plans will be replaced with a national healthcare plan available to all.
• E)Long-term care will be more affordable;the elderly may stay in their home of choice instead of moving to a nursing home.

Grasp the steps of the consumer decision-making process.

Understand the importance of marketing research for small businesses and its role in responding to competition and changing conditions.

Differentiate between internal and external influences on consumer behavior.

Understand the concept of primary, secondary, and tertiary data within marketing research.

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Definitions:

Repay Principal

The process of paying back the original amount of money borrowed, not including interest, from a lender or creditor.

Paying Wages

The process of compensating employees for their labor, typically calculated by the hour, day, or based on output.

Cash Outflow

Money that is spent or transferred out of a business, reducing its cash balance.

Cash Equivalents

Short-term, highly liquid investments such as Treasury bills, commercial paper, and money market funds, that are made solely for the purpose of generating a return on temporarily idle funds.