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Today, the demand for health services is considered “elastic” because _______.

Pharmaceutical sales reps are also known as: 

A form of segmentation unique to healthcare is _______.

US citizens and legal immigrants are automatically enrolled in the program when they reach what age?

Healthcare plans that established upfront so that all enrollees received the same benefits regardless of their circumstances or preferences are also know as ____________________.

Drug companies send doctors unsolicited “throwaway journals,” which are typically newsletters containing summaries of research articles. 

Historically, pharmaceutical companies’ approach to marketing was unique in that they did not market directly to end users but to prescribing intermediaries such as ____________________.

For healthcare, the 1960s and 1970s were periods of _______.

BeStill Inc., adjusts and closes its books at the end of each month.  On November 30, adjusting entries are prepared to record:                                                             b. The firm had purchased insurance coverage for the period January 1 to December 31 on January 1.   Indicate the effect of each adjusting entry on each of the following: 1. Revenues 2. Expenses 3. Net Income 4. Assets 5. Cashflow

Total assets for KPM Corp.  at the beginning of the month were $170,000 and $180,000 at the end of the month.  Total liabilities were $115,000 and $130,000 at the beginning and end of the month.  No additional capital stock was issued during the month but dividends of $6,000 were declared.  Net income for the month is:   Please make sure to enter your answer in the correct format. Review the formatting guidance in the instructions to this exam if necessary.