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Value-Based Systems Focus on Maximizing Outcomes While Reducing Costs

question 9

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Value-based systems focus on maximizing outcomes while reducing costs.


Definitions:

Equity

The concept or principle of fairness or justice in the way people are treated and opportunities are distributed.

Equality

The state of being equal, especially in status, rights, and opportunities.

Compromise

A method of resolving a disagreement where each party gives up something that was originally wanted to reach a mutually acceptable solution.

Life Fairness

The subjective assessment of the balance or equity of life circumstances and events.

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