Answer: HMO: Primary Care Physician, In network only
PPO: Referral requirements, Out of network doctors
Explanation:
Answer: Dr. Bostwick was able to provide medical services that did not satisfy his own wants, so he exchanged those services for money that he used to buy things that did. Professor Boudreaux had money but desperately wanted a pediatric gastroenterologist to treat his son.
Explanation:
Trade generates value by transferring goods or services from those who value them less to the people who need them more. The only way people can decide to specialize in the making of a single good or service is because they already know they can trade it for other goods they do need.
In the video 'How the Division of Knowledge Saved My Son's Life', Professor Boudreaux explains that it was thanks to Dr. Bostwick specialization on pediatric gastroenterology that his son´s life was saved.
Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
Answer:
The correct answer is letter "B": pay differential.
Explanation:
Pay differential refers to the extra income received by an employee as a result of working out of the established working hours agreed in his or her contract. Pay differential is usually the monetary benefit a worker receives after working overtime or during a graveyard shift.
Answer: Structured; Operational control
Explanation:
Structured task could be defined as tasks that are well defined, also larger tasks are broken down to smaller ones so as to be easily carried out at a manageable rate. They are also plans drafted by employees to carry out a task in a way where time and resources are managed very well.
Operational control decision means they are decision carried out during operations, like recording a day to day inventory of tasks that are carrued out by an individual.
