Ethics Is Best Described As

question 17

Multiple Choice

Ethics is best described as:

• A) a revolution in health care brought on by technologic change.
• B) ever-changing principles that guide decision making.
• C) a goal-oriented approach to answering questions that potentially have multiple acceptable answers.
• D) paradigmatic changes that involve rhythmic processes central to the healthcare system.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production supplies.

Fixed Costs

Expenses that do not change with the level of output or activity, such as rent, salaries, and insurance premiums.

Break-Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.