Answer:
The correct word for the blank space is: bureaucracy.
Explanation:
Bureaucracy is an organizational structure by which companies set different layers with established functions. The purpose of bureaucracy is to specialize employees in a limited number of tasks and obtain higher proficiency in such a manner. However, bureaucratic institutions tend to have slow processes because the information must flow through many departments with centralized decision-making which in most cases bring unnecessary delays.
<em>By creating teams, this type of organization can put together employees with diverse expertise who can review data faster and take decisions as particular units instead of waiting for an executive to make the final decision.</em>
Answer:
C. Loss of $800
Explanation:
Given that
Purchase price = 14400
Depreciation = 8000
Selling price = 5600
Thus,
Value of asset after depreciation = Purchase price - Depreciation
= 14400 - 8000
= 6400.
Therefore,
Difference between current value and price sold = value of asset after depreciation - selling price
= 6400 - 5600
= 800
Therefore, there was a loss of $800, since the selling price is less than the value of asset after depreciation.
Answer:
Benefit payments made on a usual, customary and reasonable (UCR) basis are not scheduled, but are based on the average fee charged by all doctors in a given geographical area.
Explanation:
Benefit payments can be described as a government payment to specific people in the society who are disadvantaged in one way or the other. Benefit payments can be made to the; unemployed, people with children, the aged, people who are ill and even the poor. Benefit payments is a practice that is anchored in law that aims at protecting the economically vulnerable in the society. There are different types of benefit payments that exist. In this particular question, we will consider UCR payments.
The UCR payments falls under the health and welfare plans, and can be defined as benefit payments that are not scheduled but are based on the average fee charged by all doctors in a given geographical area. A benefit payment that is not scheduled means that it doesn't have a specific amount attached to it, but depends on the location. This is because health services charges vary from one geographical position to the next. One can be offered different medical charges in different locations due to a distinction in geographical area. The same geographical areas however, have an average amount of fee that is specific to that area. In benefit payments, this average amount is what is often payed to the beneficiary.
