Medical malpractice law is designed to
a. encourage physicians to act as responsible agents for their patients
b. punish those providers guilty of intentional misconduct
c. provide an income for the insurance firms who sell malpractice insurance
d. none of these choices
A
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Which of the following is an advantage of tradable pollution permits?
a. Each firm is allowed to pollute exactly the same amount. b. Revenue from the sale of permits is greater than revenue from a corrective tax. c. The initial allocation of permits to firms does not affect the efficiency of the market. d. Firms will engage in joint research efforts to reduce pollution.
Which of the following is true of matrix organizations?
A. Employees are more likely to focus on the overall business process rather than on their functional specialty. B. Influence costs are low as there are separate product and functional managers. C. Employees have strong incentives to cooperate with other teams within a company. D. There are well-defined lines of authority, eliminating scope of interdependence and lack of incentives.