Which of the Following Best Describes the Primary Conclusion of the Report

question 4

Multiple Choice

Which of the following best describes the primary conclusion of the report To Err Is Human: Building a Safer Health System?

• A) Hospital staffing must be improved to focus on safety rather than cost containment.
• B) Quality of care and medical error are not easily defined.
• C) Patients must recognize that care providers are human and errors will occasionally be made.
• D) System failures are resulting in an incredible amount of harm from medical errors.

Recognize the components and importance of a financial plan.

Define financial risk and identify its sources.

Distinguish between the different types of financial plans and their purposes.

Understand the composition of major current assets and liabilities.

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Definitions:

Revealed Preference

A theory that assumes individuals' preferences can be determined by their purchasing habits.

Weak Axiom

A principle in consumer choice theory stating that if a consumer prefers bundle A over bundle B when both are available at the same prices, then the consumer will not purchase more of bundle B if its price rises.

Revealed Preference

An economic theory stating that the preferences of consumers can be understood by their purchasing habits.

Prices

The monetary value assigned to goods and services in a market, dictating the exchange rate at which these can be traded.