Examlex
General consent is obtained by patients admitted to the hospital and covers all routine services and medical treatment in broad terms but not invasive procedures such as surgery.
Economizing Behavior
The practice of minimizing costs or expenditures while achieving desired outcomes.
Opportunity Cost
The penalty of overlooking the closest preferable alternative in the course of decision-taking.
Satisfaction
The feeling of pleasure or contentment arising from meeting one's needs or expectations.
Rational Choice
A theory in economics that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.
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