In the Ogden Tables for Personal Injury, what does the discount rate represent? a. The severity of the injury b.The rate of inflation from now until the injured person's retirement c.How many years the injured person is expected to live? d. The expected rate of return on investment

In the Ogden Tables for Personal Injury, what does the discount rate represent? a. The severity of the injury b.The rate of inflation from now until the injured person's retirement c.How many years the injured person is expected to live? d. The expected rate of return on investment

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: Why is it important that the governing body approve the appointment and reappointment of physicians…

A: Physicians has extreme duty regarding the determination of the organization's expert staff and…

Q: What is the difference between a fiduciary and a ‘suitable’ standard of care in professional…

A: The financial advisers offer financial advice in the best interests of the clients.

Q: As the “baby-boomer” generation ages, the percentage of the U.S. population over age 65 will grow at…

A: The demographic shift caused by the aging of the "baby-boomer" generation is a significant societal…

Q: Locate your professional code of ethics for EMTs. Does the code of ethics address autonomy,…

A: EMT means Emergency Medical Technician Those paramedical staff which provide emergency medical…

Q: Given the circumstances that have been presented to you, what do you do?

A: The given case study is the matter of criminal offence when anyone suspects a person with some…

Q: When it comes to breaches in the data or cybersecurity of healthcare organizations

A: As it has been told so much information of significant monetary and intelligence value to cyber…

Q: what is HIPAA and how it applies to healthcare risk management?

A: HIPAA HIPAA refers to the Health Insurance Portability and Accountability Act of 1996 which is a…

Q: Medication errors are quite common. Discuss how risk management can help a facility reduce…

A: In order to minimize medication mistakes and avoid lawsuits in healthcare institutions, risk…

Q: Silicon Beach, an area on the west side of the Los Angeles metropolitan area, is home to some 500…

A: Implementing a noncompete clause in the employment contracts of a tech company in Silicon Beach, or…

Q: Recall whether your workplace or school has an emergency response plan? Compare this plan with the…

A: Our school has made some provision for emergencies:- Infrastructure: They have given due importance…

Q: help

A: Property insurance is a vital financial safeguard that protects individuals and businesses from…

Q: How would you apply policies and procedures to ensure that there are accuracy and integrity of…

A: Data is the spinal cord of any organization irrespective of size. It is the basis upon which various…

Q: Indicate whether the statement is true or false, and justify your answer.Uncompensated care in the…

A: The given statement is false. Uncompensated cost is said to be the hospital cost that are not…

Q: Please answer in short : a] Explain why there is likely to be an external effect associated with…

A: A wine maker works in either of the accompanying spaces of wine creation: Viticulture: the…

Q: Your points are sound and well documented, but...what if I told you that your closes hospital…

A: If my closes hospital competitor has accepted the government's offer, but I have chosen not to…

Q: How can I Explain the key drivers of value-driven enterprise risk management? Along with Explaining…

A: The process of discovering, evaluating, prioritizing, and reducing or controlling possible risks or…

Q: florida insurance law requires that coverage be provided for a newborn of a covered family member…

A: The question is asking about the duration of coverage that Florida insurance law mandates for a…

Q: If a covered worker dies, the surviving spouse can receive full survivor's benefits from Social…

A: ANSWER : Option : a) TRUE

Q: Discuss one ethical principle which is violated during a public health emergency.

A: The ethical principle suggests that everyone needs to be treated equally, everyone gets good care,…

Q: True or false: Long-term care consumers expect more quality from long-term care organizations.

A: Quality defines the criterion that assists to compute anything. For example, there are various…

Q: three roles of the U.S. government in the health care system an

A: Governments play a significant part in medical care financing by assembling the fundamental assets…

Q: Identify the coverage that applies for the following loss events. Assume that the appropriate…

A: HO-3 Section I Coverage C A theif breaks into your house and stole $1000 worth of bracelets and…

Q: When discussing the use of financial information in decision making, how is the term effectiveness…

A: According to our guidelines for multiple choice questions, only the first question has been…

Q: Risk Managemnt in Healthcare: You are the supervisor of your unit within the local hospital.…

A: Risk management is a systematic process of identifying, assessing, and mitigating potential risks or…

Q: 25. the grace period for a life insurance policy is never less than a. 15 days b. 30 days c. 45 days…

A: The objective of the question is to identify the minimum grace period for a life insurance policy.

Q: With a comparative negligence rule, the injurer has an incentive to take less than the optimal level…

A: The comparative negligence rule is a legal concept in tort law, which deals with civil wrongs…

Q: Tamara has requested your help in choosing a disability policy. She has been a successful trial…

A: The correct option that would provide Tamara with the benefit she desires is:A) The enhanced own…

Q: You are in your new job as the Chief Financial Officer for a hospital that is struggling with…

A: If a healthcare unit struggles to collect payments from the patients then it will face difficulties…

Q: Write a 1,500-word paper on the following: 1.       Describe the…

A: The U.S. health care system is novel among front line industrialized nations. The U.S. doesn't have…

Q: What actions can employers take to minimize the risk of hazard-related injury or illness?

A: Managing health and safety risks in the workplace, irrespective of company size, is critical to…

Q: How can can i answer the following questions how have risk management concepts influenced the…

A: The health of patients and the integrity of healthcare organizations are of utmost importance in the…

Q: What is the meaning operating margin? Evaluate the meaning of the ratio related to the financial…

A: The operating margin is a key profitability metric for a company. It is calculated by dividing…

Question

In the Ogden Tables for Personal Injury, what does the discount rate represent?

a. The severity of the injury

b.The rate of inflation from now until the injured person's retirement

c.How many years the injured person is expected to live?

d. The expected rate of return on investment

Definition Definition Percentage gain or loss from a specific investment over time. The rate of return is the difference between the closing and initial values of an investment divided by the initial value of the investment. The closing value includes any intermediate cash flows such as dividends or interest amounts.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Explain debt financing in healthcare. What are the advayges and disadvantages.
The purpose of a Business Impact Analysis (BIA) is to determine: Choose the correct answer? The cost to repair a failed system The extent of a disaster's damage Critical business processes that must be maintained How often an incident will occur
What are the possible hazards for a worker in a fast-food restaurant and a computer programmer?
Losses from incidents can have an impact on the bottom line. If an organization experiences losses amounting to $100,000 and has a profit margin of 4%, how must additional sales is needed to pay for the cost of the loss?
How can we explain the differences between legal risks and liability issues to someone who has never heard of these term telemedicine before?
About 8% of the U.S. population catches the flu each season. Assuming everyone has equal probability of catching the flu, about what are the odds of catching the flu in a given season? 1. 1 in 8 2. 1 in 12 3. 1 in 18 4. 1 in 80
How can I Analyze the following information and information technology methods needed to make risk-management decisions in the health care industry. And How can I Analyze the key risk management tools in the health care industry. And the challenges in making risk management decisions.
How do the role of the institution , the processes , and safeguards in place to protect patients from implications of criminalizing medical errors, such as the case of Radonda Vaught . What is the role of administrative leadership in reporting and accurately assessing responsibility? Where are the systems failures the responsibility of the leadership, the institutions, or the hardware, software, and information systems safeguards in place?
Which types of events are considered part of a comprehensive risk management plan? Select all that apply, then click Submit below Marriage Illness Liability Disability Death Deductible Property loss
Emergency preparedness is vital to a health system's ability to provide adequate care. If your community were to experience an unexpected catastrophic event, do you trust it has the surge planning and capacity to manage the situation?
If one of your workers was careless and was injured on the job, who (you or the worker) would be responsible for his medical expenses? o Explain why. Hint: In this module there is a discussion of workers who may be injured on the job. You need to identify the laws, and how the system works. Not sure? Do some research! Discuss the criteria that is reviewed in determining liability.
a whole life insurance policy will have an increase premium a decreasing premium a level premium a single premium