Why Is It Important for New Graduates to Purchase Their

question 14

Multiple Choice

Why is it important for new graduates to purchase their own malpractice insurance rather than depend on an institutional policy?

• A)A private policy will not cover them unless they are on their primary job.
• B)A private policy will carry personal liability coverage.
• C)A private policy will protect them against all lawsuits.
• D)A private policy will protect them from losing their license.

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Definitions:

Positive Statement

An objective and fact-based statement or claim that describes how the world actually is, as opposed to what it should be, often used in economic analysis.

Normative Statement

A value judgment that expresses an opinion or belief about what ought to be, rather than statements of fact.

Administrative Department

A part of an organization responsible for managing its internal affairs and ensuring the efficient execution of operations.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and trends.