Which one of the following statements about HMOs is not true?
a. The co-payment fee is usually higher than a PPO fee.
b. In most cases, the patients' paperwork is easier to handle than for a PPO patient.
c. HMO refers to Health Maintenance Organization.
d. None of the above.
A
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One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%
When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this? A) Japan's Central Bank acted to prop up the yen. B) Inflation in Japan suddenly spiked upward. C) McDonald's headquarters stopped hedging. D) McDonald's Japan reduced the yen price of a Big Mac. E) McDonald's Japan increased the yen price of a Big Mac.
Inverness Company is considering the replacement of a machine that is presently used in production. The following data are available:
Old Machine New Machine Original cost $57,000 $35,000 Useful life in years 17 5 Current age in years 12 0 Book value $39,000 - Disposal value now $8,000 - Disposal value in 5 years 0 0 Annual cash operating costs $7,000 $4,000 Adding all five years together, what is the difference in total relevant costs between the old machine and the new machine? A) $12,000 B) $15,000 C) $22,000 D) $37,000