1. GWD-23-Q1
A major health insurance company in Lagolia pays for special procedures prescribed by physicians only if the procedure is first approved as “medically necessary” by a company-appointed review panel. The rule is intended to save the company the money it might otherwi spend on medically unnecessary procedures. The company has recently announced that in order to reduce its costs, it will abandon this rule.
Which of the following, if true, provides the strongest justification for the company’s decision?
A. Patients often register dissatisfaction with physicians who prescribe nothing for their ailments.
B. Physicians often prescribe special procedures that are helpful but not altogether necessary for the health of the patient.
C. The review process is expensive and practically always results in approval of the pres
cribed procedure.
D. The company’s review process does not interfere with the prerogative of physicians, in cas where more than one effective procedure is available, to lect the one they personally prefer.
E. The number of members of the company-appointed review panel who review a given procedure depends on the cost of the procedure.
C
2. GWD-23-Q10
When trying to identify new technologies that promi to transform the marketplace, market rearchers survey the managers of tho companies that are developing new technologies. Such managers have an enormous stake in succeeding, so they invariably overstate the potential of their new technologies. Surprisingly, however, market rearchers typically do not survey a new technology’s potential buyers, even though it is the buyers-not the producers-who will ultimately determine a technology’s commercial su
ccess.
Which of the following, if true, best accounts for the typical survey practices among market rearchers?
A. If a new technology succeeds, the commercial benefits accrue largely to the producers, not to the buyers, of that technology.
B. People who promote the virtues of a new technology typically fail to consider that the old technology that is currently in u continues to be improved, often substantially.
C. Investors are unlikely to invest substantial amounts of capital in a company who own managers are skeptical about the commercial prospects of a new technology they are developing.
D. The potential buyers for not-yet-available technologies can ldom be reliably identified.
E. The developers of a new technology are generally no better positioned than its potential buyers to gauge how rapidly the new technology can be efficiently mass-produced.
D
3. GWD-25-Q12
In Kantovia, physicians’ income comes from insurance companies, which require
physicians to document their decisions in treating patients and to justify deviations
from the companies’ treatment guidelines. Ten years ago physicians were allowed
more discretion. Most physicians believe that the companies’ requirements now
prevent them from spending enough time with patients. Yet the average amount of
time a patient spends with a physician during an office visit has actually incread
somewhat over the last ten years.
Which of the following, if true, most helps to resolve the apparent discrepancy
between physicians’ perceptions and the change in the actual time spent?
A. Patients are more likely to be in a hurry nowadays and are less willing to
wait a long time to e their physician.
B. Physicians today typically have a wider range of options in diagnosis and
treatment to consider with the patient before prescribing.
C. Physicians are increasingly likely to work in group practices, sharing the
responsibility of night and weekend work.
D. Most patients would rather trust their physicians than their insurance
companies to make decisions about their treatment.
E. Since the insurance companies pay physicians a t amount for each
office visit, it is to physicians’ financial advantage to e as many
Patients as possible.
B
4. GWD-26-Q4
Consumers planning to buy recreational equipment tend to buy higher quality, more expensive equipment when the economy is strong than when it is weak. Hill and Dale is a business that lls high-quality, expensive camping and hiking equipment in Boravia. Although all the signs are that Boravia’s economy is now entering a period of sustained strength, the managers of the business do not expect a substantial increa in sales.
