Which of the following is a step in the bounded rationality


1. An important difference between the Accountable Care Act’s ACO program and the existing Medicare Advantage program is:

a. The access to care

b. The quality of care

c. The role of physicians

d. The role of insurance companies

e. The role of the patient

2. Which of the following sentences is true about the cost-benefit curve illustrating the relationship between health outcomes and health care costs?

a. The curve can only be shifted upward.

b. The curve shows a negative relationship between health outcomes and health care outcomes and healthcare costs.

c. The curve has an increasing slope.

d. The curve never shifts up or down.

e. The curve has a diminishing slope.

3. An example of an exception to the principle of employment-at-will is that ___________.

a) employers cannot discharge employees on the basis of poor performance

b) employers cannot discharge employees for stealing from the company without proof

c) employers cannot discharge employees on the basis of race

d) a and b

e) none of the above

4. Which of the following is a step in the bounded rationality decision-making process?

Boil the problem down to something that is easily understood.

Evaluate all the alternatives simultaneously.

Pick the alternative that maximizes value.

Use accurate information to evaluate alternatives.

Develop an exhaustive list of alternatives to consider as solutions.

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Operation Management: Which of the following is a step in the bounded rationality
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