To Assist in Maintaining Competence and Reduce the Risks of Malpractice

question 36

Multiple Choice

To assist in maintaining competence and reduce the risks of malpractice allegations, it is advisable for a dental provider to:

• A)Maintain membership in a professional organization.
• B)Participate in continuing education courses
• C)Purchase malpractice liability insurance
• D)Understand legally protected employee rights
• E)Rely on colleagues to provide peer feedback

---

Definitions:

Stockholder Basis

The amount of a stockholder's investment in a company, used to determine capital gains or losses for tax purposes.

Capital Contributions

Investments of cash or other assets made by owners or partners into a business, increasing the equity of the company.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue, representing the company's profit.

DRD

DRD refers to the Dividends Received Deduction, a provision that allows corporations receiving dividends from related entities a deduction to reduce taxable income, aiming to mitigate triple taxation.