Question
In a market, each transaction is individually negotiated and executed __________ . A. By the seller and buyer establishing a close relationship B. At arm's
In a market, each transaction is individually negotiated and executed __________ .
A. | By the seller and buyer establishing a close relationship | |
B. | At arm's length | |
C. | Both A and B | |
D. | Neither A nor B |
The book "The Principles of Scientific Management", published in 1911, was written by:
A. | John Adams | |
B. | A. H. Maslow | |
C. | Elton Mayo | |
D. | None of the above |
Which directional strategy could be considered equivalent to Maslow's concept of self-actualization?
A. | Vision | |
B. | Mission | |
C. | Strategy | |
D. | Objectives |
The _________________ allowed for enforcement actions such as product recalls.
A. | Safe Medical Devices Act of 1990 | |
B. | Medical Device User Fee and Modernization Act of 2002 | |
C. | Food and Drug Administration Amendments Act of 2007 | |
D. | Food and Drug Administration Safety and Innovation Act of 2012 |
Which statement about bargaining power of suppliers is correct?
A. | The bargaining power of suppliers is weak if the raw materials and other inputs provided by the supplier are unique and differentiated. | |
B. | If the organization can charge a premium price for its offerings, it can make above-average profits. | |
C. | Suppliers who have a large market share have less bargaining power. | |
D. | Suppliers of generic chemicals exercise considerable bargaining power. |
Laws that protect the privacy of an individual's health information are:
A. | CHIP, ACA and HITECH | |
B. | HIPPA and HITECH | |
C. | HIPPA, ACA, HITECH | |
D. | ACA and HIPPA |
In the neo-classical view of the firm:
A. | There is no role for the entrepreneur | |
B. | There is no role for strategy | |
C. | Both A and B are true | |
D. | Neither A nor B is true |
Which of the following lists the hierarchy of strategies in the right order?
A. | Corporate, Business, Divisional, Functional | |
B. | Business, Corporate, Functional, Divisional | |
C. | Divisional, Business, Functional, Corporate | |
D. | None of the Above |
In the United States, most care occurs in the ______________.
A. | Outpatient setting | |
B. | Hospital | |
C. | Ambulatory setting | |
D. | A and B | |
E. | A and C |
Demand on medical care is price _______ and preventative care is price _______.
A. | Elastic, elastic | |
B. | Elastic, inelastic | |
C. | Inelastic, elastic | |
D. | inelastic, inelastic |
Which of the following is a characteristic of a vision statement?
A. | It defines goals for the immediate future | |
B. | It serves to differentiate the organization from others | |
C. | It keeps the organization aligned towards its goals | |
D. | It guides the structure of the organization |
CBO stands for:
A. | Community Based Organization | |
B. | Cost Based Optimizer | |
C. | Congressional Budget Office | |
D. | Control Board Operator |
The National Board of Medical Examiners (NBME) was formed in 1915 to administer a single uniform national examination. Which of the following statements is true?
A. | Each state uses this test | |
B. | Each state follows a common set of standards for passing | |
C. | Both A and B | |
D. | Neither A nor B |
The Drug Safety Board:
A. | creates state-based health insurance exchanges | |
B. | monitors healthcare quality through licensure, accreditation and oversight | |
C. | advises the Director of the Center for Drug Evaluation and Research on emerging drug safety issues and communicating safety information | |
D. | controls physician networks and manage reimbursement |
If a generic manufacturer demonstrates that the generic drug is bioequivalent to the brand name drug (patented drug) originally approved by the FDA, then the generic manufacturer does not have to repeat:
A. | Animal studies and clinical studies | |
B. | Inspection and Testing | |
C. | Market research | |
D. | Test of Good Manufacturing Practices |
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