Asked by Jacob Parker on Jul 08, 2024
Verified
Refer to Table 5.3. Rank the doctor's job choices in order, least risky first.
A) Work for HMO, open own practice, do research.
B) Work for HMO, do research, open own practice.
C) Do research, open own practice, work for HMO.
D) Do research, work for HMO, open own practice.
E) Open own practice, work for HMO, do research.
Least Risky
Describes an option or decision that involves the lowest level of risk compared to alternatives.
- Become familiar with the idea of risk and the techniques used to quantify it in the context of economic decisions.
- Comprehend the significance and procedure of prioritizing options according to risk and anticipated returns.
Verified Answer
GS
Gabriella SavinoJul 10, 2024
Final Answer :
A
Explanation :
Working for an HMO provides a steady income and job security, while also having the option to open their own practice and conduct research on the side. This minimizes the risk of relying solely on their own practice, which can be unpredictable and dependent on the state of the economy. Additionally, having research as an option provides potential for additional income and career development.
Learning Objectives
- Become familiar with the idea of risk and the techniques used to quantify it in the context of economic decisions.
- Comprehend the significance and procedure of prioritizing options according to risk and anticipated returns.