Identify Each of the Following Statements as Ethical or Unethical

question 44

Multiple Choice

Identify each of the following statements as ethical or unethical.Base your answers on the principles of medical ethics.

-Confidential information concerning a patient is provided to an insurance company without first obtaining the patient's authorization.

• A) ethical
• B) unethical

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Incremental Revenues

Additional revenue generated from a specific action or decision, comparing the difference in total revenue with and without the action.

Incremental Revenues

Additional income generated from a particular business decision or activity, beyond the existing baseline revenue.

Unavoidable Cost

A cost that cannot be eliminated and must be incurred regardless of the action taken.