Explain the Three Distinct Types of Ethical Principles

question 117

Essay

Explain the three distinct types of ethical principles.

Recognize the ethical arguments regarding alternative treatments for patients with specific beliefs, such as Jehovah's Witnesses.

Understand the ethical principles underlying truth-telling and deception in the physician-patient relationship.

Comprehend the role of technology in maintaining confidentiality in modern healthcare settings.

Analyze the power dynamics and role relationships between physicians and patients.

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Definitions:

Unrealized Gain or Loss-Equity

Increases or decreases in the value of held investments that have not yet been sold, affecting the equity portion of the balance sheet.

Stockholders' Equity

The net worth of a company, calculated as total assets minus total liabilities, representing the ownership interest of shareholders in the corporation.

Contra Asset

An account that offsets an associated asset account, with common examples being accumulated depreciation and allowance for doubtful accounts.

Fair Value Adjustment

Fair value adjustment is an accounting process to adjust the book value of assets or liabilities to their fair value.