A person who pretends to be an agent
a. is personally liable to a third party.
b. binds the principal.
c. binds the third party.
d. has the power of ratification.
A
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A managed health care system that finances and delivers health care services through contract providers is called
A) a contract health provider B) an accident and health guaranty association C) a major medical expense association D) a health maintenance organization
Which of the following is the best advice about business plans for Paul, who has a great idea for a start-up business but will need substantial external financing to get started?
A) Have a business plan in place by the first day your business is open. B) Have a business plan in place before seeking out investors. C) Focus on the product overview and fill in details about the competitive environment after the business has launched. D) Focus on the operations overview and fill in financial details after the business has launched. E) Make operational and financial objectives as general as possible.