A Key Component in the Affordable Care Act Passed in the United

question 14

Multiple Choice

A key component in the Affordable Care Act passed in the United States is the requirement that individuals must either obtain basic medical insurance coverage or pay a tax.Which of the following problems was this mandate designed to reduce?

• A) moral hazard
• B) adverse selection
• C) diminishing returns
• D) market failure
• E) principal agent problem

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Definitions:

Flexibility

denotes the ability to adapt, change, or be modified easily to fit new conditions or circumstances.

Frontline Employees

Workers who deal directly with customers, performing critical services and representing the company's face to its clientele.

Marketing Strategy

A comprehensive plan formulated by a business to achieve specific marketing objectives and to appeal to the target audiences.

Cultural Controls

Strategies used within organizational culture to guide employee behavior and align it with company goals.