HFT 2220 Final Exam Questions with
Complete Solutions
Affordable Care Act - ANSWER-Applies to businesses with more than 50
employees. Applies to employees who work 30+ hours a week. Employees must
offer healthcare or pay a fine.
External Competitiveness Strategies - ANSWER-Lag the market, Match the market,
Lead the market
What are companies doing to reduce healthcare costs? - ANSWER-Smoke-free
Properties, Wellness Programs, Employee Gyms, Providing Healthier Food
Co-Pay - ANSWER-Insurance policy where the insured pays a specific amount (in
dollars) out-of-pocket expenses for healthcare services, with the insurer paying the
remaining.
Co-Insurance - ANSWER-A type of insurance in which the insured pays a share of
the payment made against a claim.
Deductible - ANSWER-A specific amount of money that the insured must pay before
an insurance company will pay a claim.
McClelland's Acquired Needs - ANSWER-Affiliation, Power, Achievement
Positive Reinforcement - ANSWER-Giving a reward
Negative Reinforcement - ANSWER-Taking away a positive thing
Punishment - ANSWER-Administering a negative consequence
Expectancy Theory - ANSWER-Effort brings out Performance, which brings out
Outcome 1,2&3
Equity Theory - ANSWER-People make evaluations about the fairness of their inputs
and outputs
Big Five Factors - ANSWER-Openness, Conscientiousness, Extroversion,
Agreeableness, Neorticism
Myers-Briggs Type Inventory - ANSWER-Extroversion-Introversion, Intuitive-
Sensing, Thinking-Feeling, Judging-Perceiving
Transformational Leadership - ANSWER-Agents of change; Create, communicate
and model a shared vision and inspire followers to strive for that vision
Complete Solutions
Affordable Care Act - ANSWER-Applies to businesses with more than 50
employees. Applies to employees who work 30+ hours a week. Employees must
offer healthcare or pay a fine.
External Competitiveness Strategies - ANSWER-Lag the market, Match the market,
Lead the market
What are companies doing to reduce healthcare costs? - ANSWER-Smoke-free
Properties, Wellness Programs, Employee Gyms, Providing Healthier Food
Co-Pay - ANSWER-Insurance policy where the insured pays a specific amount (in
dollars) out-of-pocket expenses for healthcare services, with the insurer paying the
remaining.
Co-Insurance - ANSWER-A type of insurance in which the insured pays a share of
the payment made against a claim.
Deductible - ANSWER-A specific amount of money that the insured must pay before
an insurance company will pay a claim.
McClelland's Acquired Needs - ANSWER-Affiliation, Power, Achievement
Positive Reinforcement - ANSWER-Giving a reward
Negative Reinforcement - ANSWER-Taking away a positive thing
Punishment - ANSWER-Administering a negative consequence
Expectancy Theory - ANSWER-Effort brings out Performance, which brings out
Outcome 1,2&3
Equity Theory - ANSWER-People make evaluations about the fairness of their inputs
and outputs
Big Five Factors - ANSWER-Openness, Conscientiousness, Extroversion,
Agreeableness, Neorticism
Myers-Briggs Type Inventory - ANSWER-Extroversion-Introversion, Intuitive-
Sensing, Thinking-Feeling, Judging-Perceiving
Transformational Leadership - ANSWER-Agents of change; Create, communicate
and model a shared vision and inspire followers to strive for that vision
