Physicians Who Own Their Own Diagnostic Testing Facilities Tend to Order

question 14

Multiple Choice

Physicians who own their own diagnostic testing facilities tend to order more tests, charge higher fees for them, and have higher total bills to patients. This practice of self-referral is an example of

• A) moral hazard.
• B) adverse selection.
• C) res ipsa loquitor.
• D) physician-induced demand.
• E) cognitive dissonance.

Evaluate investment alternatives using the payback period method and the net present value method.

Understand managerial decision-making steps in capital budgeting.

Identify and analyze relevant data for making investment decisions.

Understand and apply the concept of the time value of money in capital budgeting.

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Definitions:

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Strategic communication processes carried out to influence public opinion, build relationships, and manage the reputation of the individual or organization.

Corporate Sponsorships

Financial or in-kind support provided by a corporation to an event, activity, person, or organization, aimed at achieving mutual business and marketing objectives.

Tourism Industry

A broad sector that deals with the services, activities, and experiences associated with people traveling outside their usual environment for leisure, business, or other purposes.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.