"Good Finance or Bad Medicine," the Topic Title of the Making

question 83

Multiple Choice

"Good Finance or Bad Medicine," the topic title of the Making Ethical Decisions box,has an important message for managers who make financial decisions.Which of the following statements summarizes this passage's theme?

• A)Managers must balance good economic decisions with socially forward thinking decisions.
• B)Financial decisions must be based on what insurance companies are willing to pay.
• C)Checking academic credentials of recently graduated doctors is imperative due to the cost of laws suits that patients may file if they learn that they were served by a surgeon without a license.
• D)The support of a good law firm is worth every penny a hospital might pay.The finance manager should always budget for a legal team.

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Definitions:

Proposed Combination

A suggest plan or strategy for merging two or more entities or ideas into a single unit.

Shareholders

Owners of shares in a corporation, giving them certain rights such as voting on corporate matters and receiving dividends based on the company's performance.

Corporate Creditors

These are entities or individuals to whom a corporation owes money, often due to borrowing or acquiring services or goods on credit.

Plan of Consolidation

A strategy or proposal for combining two or more entities into a single entity, usually to streamline operations and reduce costs.