A Group of Experts Predicted That There Would Be an Increase

question 69

Multiple Choice

A group of experts predicted that there would be an increase in therapy provided by master's-level practitioners,paraprofessionals,Internet services,telephone counseling,and self-help groups and a decrease in the use of psychiatrists and psychoanalysis.These future trends were predicted based on

• A) pressures to reduce the cost of mental health services.
• B) research that shows that paraprofessionals, self-help groups, and Internet counseling provide better care for clients than do psychiatrists.
• C) the decreased attention span and motivational level of today's clients to participate in long-term therapy.
• D) Internet and telephone services now being able to create the therapeutic alliance as well as long-term therapies did in the past.

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Definitions:

Market Price

The present rate at which a commodity or service is available for purchase or sale in the marketplace.

Binomial Model

An option-valuation model predicated on the assumption that stock prices can move to only two values over any short time period.

Exercise Price

The specified price at which the option holder can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Binomial Model

A mathematical model for pricing options that uses a discrete-time framework to trace the evolution of option prices over time.