chaper 1

Question 1

agent

Answer 1

one who has authority to act on behalf of another

Question 2

bylaws

Answer 2

regulations adopted by a coroporaton or assiciation to govern its internal affirs

Question 3

capitation

Answer 3

payment in a lump sun to physicians hmos and health care facilities to deliver health care to a segment of the pioulation

Question 4

certification

Answer 4

a record of being qualified to perform certain acts after passing an examination given b an accredited professional organization

Question 5

conglomerate

Answer 5

a corporation diversifying operations by acquiring varied enterprises

Question 6

directors

Answer 6

those elcted and terminated b stockholders to manage a corportion

Question 7

dividentds

Answer 7

distributed profits ofa corportation

Question 8

fee for service

Answer 8

basis of professional billing either so much per hour or per identified procecure

Question 9

investment

Answer 9

expenditure of reasources to secure income or profit

Question 10

joint venture

Answer 10

group pf persons togtether performing some specific business undertaking that is limited in duration or scope

Question 11

legal entity

Answer 11

indiviual or organization that has legal capacity to contract incur and pay debts and sue and be sued

Question 12

negligence

Answer 12

faliure to act with reasonable and prudent care given the circumstanes

Question 13

negotiated fee schedules

Answer 13

process of the submission and consideration of offers until an offer is accepted

Question 14

notice

Answer 14

announcement of perinent information to those interested

Question 15

officers

Answer 15

person holding formal postions of trust in an organization

Question 16

per capita payment

Answer 16

pay equally

Question 17

resonable person

Answer 17

a prudent person whose behavior would be considered approitate

Question 18

registration

Answer 18

administravite qulifications for a licensed profession

Question 19

respondeat superior

Answer 19

legal theory that requires an employer be responsible for the behavior of an employee

Question 20

shares

Answer 20

units of stock giving the possessor part ownership

Question 21

stockholders

Answer 21

those who hold an interest in a corporation

Question 22

utilization review

Answer 22

process by which hospitals review patient progess

Question 23

vicariously liable

Answer 23

legally obligated for the acts of others