In the Adapting to Change Box, We Read That 3D

question 205

Multiple Choice

In the Adapting to Change box, we read that 3D printing can prove to be revolutionary for the medical industry because

• A) it basically eliminates the need for human (doctor) intervention.
• B) it saves on insurance costs.
• C) it can produce models to help with organ transplants and improved medical imaging.
• D) it creates images for a doctor without the need for the patient to show up to the examination.

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting what a willing buyer would pay to a willing seller in an arm's length transaction.

Tax Rate

The proportion of income that is taken as tax from a person or business.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net assets, representing future economic benefits.

Deferred Income Tax Liability

A financial accounting term representing taxes that are owed but not yet paid, resulting from temporary differences between the IRS and accounting methods.