The correct answer is C. It is money paid by a consumer to share the cost of a payout.
Copayment is termed as the amount which is fixed which covers a service or being paid by a patient to the provider before the service is being received.
Mostly copayment occurs in insurance companies whereby the insured pays some amount of money before accessing to medical service.
In order to prevent moral hazard bu insurance company they use copayment so as to share the costs of health care.
Answer:
enterprise resource planning.
Explanation:
Enterprise resource planning involves management of main business processes and usually involves use of software. ERP supports similar processes based on the department it is deployed to.
For example ERP can be set up in a company to define various functions of human resources, accounting, amd operations.
The software used for each division will be tailored to their needs. Operations will be more towards everyday processes of production and customer service, while for human resources it will support more of data analysis for effective people management and performance related activities.
Answer:
The principle of exception
Explanation:
Principle of exception is also known as Management by Exception. Management by exception (MBE) is a practice where only significant deviation from a planned target are brought to the attention of management. The idea behind it is that management's attention will be focused only on those areas in need of action and thus sparing the management to concentrate on critical activities free from routine activities. When nothing is brought to the notice of management, it is assumed that everything is moving as per plan.
Principle of Exception thus gives employees the responsibility to take decisions and to fulfil their work or projects by themselves. They are encouraged to take decisions and asked to bring up matter to superiors if an unusual situation or deviation in the recorded data appears, which could cause difficulties for the business and can’t be managed by the employee themselves.
Scott is also following this approach. He has given responsibility of managing the production and control defects within tolerable limits to the employees themselves. They are asked to report abnormal matters to Scott which in this case means defect exceeding 200 million.
Therefore, correct answer would be “The principle of exception “
IN THIS CASE, SCOTT IS USING THE PRINCIPLE OF EXCEPTION
Answer:
$2,500,000
Explanation:
Following the stated assumptions in the question, the money multiplier will be used to calculate the resulting effect of the $500,000 injection into the money supply.
The money multiplier formula is 1/r , where r is the required reserve ratio. So, the resulting change in demand deposits is:
Change in Demand Deposits = Change in Fresh Reserves (that is, the Initial Deposit)×1/r
= $500,000×1/0.20
=$500,000 × 5
= $2,500,000
