Define Fiduciary Duty as It Relates to a Physician's Role

question 13

Essay

Define fiduciary duty as it relates to a physician's role.

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Definitions:

Centralization

The degree to which decisions are made at the top of the organization.

Simple Structure

A centralized form of organization that emphasizes a small technical and support staff, strong centralization of decision-making in the upper echelon, and a minimal middle level.

Upper Echelon

A top-level executive team in an organization.

Vertical Differentiation

The organization of a company's hierarchy levels to distinguish roles and responsibilities across different ranks.