Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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- Life insurance can be one of the most complex purchases a consumer ever makes. It is also an expensive purchase and often sold by sales-people working on commission, which means they are motivated to make the sale. Whose responsibility is it to make sure purchasers understand the options available to them and understand all the details and ramifications of the specific policies they choose? Why?arrow_forwardHow do economic factors influence healthcare policy decisions and outcomes?l am not satisfy give downvotearrow_forwardthe kind of outsourcing undertaken by American health care providers is a good thing or a bad thing for the American economy. Explain your reasoning.arrow_forward
- Classify each of the cost items as one of the business functions of the value chain in “Payment of booth registration fee at a medical conference to promote new products to physicians.”arrow_forwardJoint Products; Blood Donation Donation of blood through the American Red Cross and otherorganizations is an important way to maintain the blood supplies that are critical to patient treatmentin hospitals.Three blood products are produced from blood received from donors: (1) red cells, used primarilyin surgery; (2) platelets, used to prevent spontaneous bleeding in leukemia patients; and (3) plasma,used after further processing, for the treatment of protein deficiency. The joint cost of producing thethree products consists of the blood collection costs, the safety testing costs, and further processing ina laboratory to split off the three joint products. Commonly, the joint costs are allocated to the threeproducts on the basis of physical units produced. The National Blood Authority (NBA) in the UKobserved the unfavorable effect of this approach in that the cost of each blood product could changesignificantly from time to time, as the demand for the products varied; the demand for the…arrow_forwardSuppose health-care reform Y makes it unlawful for insurance companies to deny insurance to persons with a preexisting disease and sets a fine for those people who do not buy insurance. It follows that if the fine is a. larger than the benefits derived from not buying insurance right away, then people will not buy the insurance and pay the fine. b. smaller than the benefits derived from not buying the insurance right away, then people will not buy the insurance and pay the fine. c. There is not enough information provided to answer this question. d. larger than the benefits derived from not buying insurance right away, then people will buy the insurance right away and not pay the fine.arrow_forward
- In the context of the health insurance and the life insurance, choose the sentence that IS NOT CORRECT: * The deductible in a health insurance is an amount of money the insured must pay before benefits become payable by the insurance company. When we buy a health insurance, we should make sure that we have enough insurance (the opportunity cost of not being adequately insured can be extremely high), but without wasting money by overinsuring Group Health Insurance (most of them being employer sponsored) represents a small percentage (around 5%) of all health insurance issued by health and life insurance companies. In a life insurance, a person purchases a policy by paying a premium and the insurance company promises to pay a sum of money at the time of the policyholder’s death to the designated beneficiary.arrow_forwardWhat is the value of the transparency of the hospital compare data (consider for hospitals that are scoring well and those that are not)?arrow_forwardCelia lives in Europe and received a survey in the mail from a U.S. company wanting to know how her family used disposable paper towels. Celia never uses paper towels but she doesn’t want to reveal that in the survey so she answers the questions to please the company. Celia’s response is an example of ethnocentrism.self-fulfilling prophecy.cluster analysis.social desirability bias.arrow_forward
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