Which of the following is not a true statement: A. In a risked based agreement, the provider shares a portion of the risk for medical cost B. In a non-risked based agreement, provider shares no risk for medical cost C. In a capitated arrangement, all of the risk is on the health plan D. In a value based payment arrangement, the payment is impacted by both cost and quality

Which of the following is not a true statement: A. In a risked based agreement, the provider shares a portion of the risk for medical cost B. In a non-risked based agreement, provider shares no risk for medical cost C. In a capitated arrangement, all of the risk is on the health plan D. In a value based payment arrangement, the payment is impacted by both cost and quality

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explain the term Risk bearing?
If a product in question has an insignificant cost, it might not be worth the trouble to trace the cost of that item to a particular cost center, and that item would be considered indirect. If the cost of tracing the cost of that item is high in relation to the benefits received from tracing it, the item would likely be considered as indirect material. If the design of the manufacturing process easily permits all the items to be traced to a single type of cost center, then it would be easy for a company to consider that material to be direct. Overall, the direct/indirect classification is decided on a cost/benefit basis. In your response to this discussion, state why is it possible that a raw material such as glue might be considered as an indirect material for one furniture manufacturer and as a direct material for another furniture manufacture? Also for this discussion, what are the differences between direct costs and indirect costs? Give an example of each.
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Would your advice differ in the following circumstances, and if so, why? (b) The offer from RW had stipulated the following statement: “Please send your acceptance by registered post sent before 4pm.” ZO sent a letter of acceptance before 4pm but by unregistered post which was never received by RW.
Did the company have the correct quantity of goods and services Pay for them?
How effective is it to submit vendor invoices only?
Briefly describe Systematic Risk and how it can be managed.
All of the following are advantages to contracting except: a. Reducing income riskb. Assuring a market for a commodityc. Eliminating default risk of a single buyerd. Ensuring and rewarding for quality
What are the supplier’s payment terms?
Generally, Contractors submit Tenders based on the Instructions to Tender (ITT) for the Client’s consideration and acceptance. In the same manner, shoppers go to supermarkets to shop. A shopper picks a double fridge on display. The price tag on the television is GHS 15,400.00. He walks to the counter and requests for a discount thereafter makes payment. i. Explains what constitutes offer in the scenario. ii. Explains what constitutes acceptance in the scenario. iii. Discuss when a Contract is formed between the parties?
Which of the following is not a reason for a buyer to look for a new supplier rather than place additional business with an existing supplier? A. Current supplier founder is retiring B. New supplier has newer equipment C. Current supplier is farther away D. New supplier has higher throughput