Physician Responsibilities” During a hospital in-patient stay, explain how and when a contract is legally terminated between the physician and the patient. Determine what the physician’s duties will be following the termination of the relationship with the patient. As an administrator, identify what steps you would take to ensure the patients are aware of the legal aspect of the relationship.
Explain when a physician may become susceptible to legal action due to strict liability versus negligence.
A Breach of Contract” Please respond to the following:
A patient was given a medication by an unfamiliar physician that caused a severe reaction. This physician was covering for the physician who normally treated the patient. Analyze why a case alleging a breach of contract might be easier to prove than a standard case alleging negligence in a hospital setting.
Justify why a physician who uses a procedure that is different from one he or she promised to use may be liable for breach of contract. Assess how such an action places a medical facility at risk and what the facility can do to protect itself.
Demand Analysis” Please respond to the following:
If you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential.
Using the same scenario above, discuss how the elasticity influence the short-term and long-term decisions of the company and the impact to the decision made related to profitability.
“Estimating Demand” Please respond to the following:
Provide an example when it would be appropriate to conduct a time-series or cross sectional data. Evaluate the potential problems that may arise with your example and identify strategies for minimizing the impact of the potential problems.
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurements to make managerial decisions.
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