Podcast
Questions and Answers
What is the primary goal of a business model?
What is the primary goal of a business model?
- Protect the public from incompetent providers
- Make profit within the boundaries set by law (correct)
- Hold paramount the safety, health, and welfare of the public
- Establish trust relationships with the public
What is the main reason why professionals may seek monopoly or control in their field?
What is the main reason why professionals may seek monopoly or control in their field?
- To protect the public from incompetent providers (correct)
- To increase profit
- To persuade governmental regulators
- To gain autonomy in the workplace
What is the key relationship between professionals and the public?
What is the key relationship between professionals and the public?
- An implicit trust relationship (correct)
- A business partnership
- A contractual agreement
- A regulatory framework
What is the primary focus of a professional model?
What is the primary focus of a professional model?
What benefits do professionals receive in return for serving the public?
What benefits do professionals receive in return for serving the public?
What is a key difference between the Business Model and the Professional Model in terms of motivation?
What is a key difference between the Business Model and the Professional Model in terms of motivation?
Which of the following is a consequence of the Professional Model's approach to autonomy?
Which of the following is a consequence of the Professional Model's approach to autonomy?
What is a key benefit conferred on professionals by the public in the Professional Model?
What is a key benefit conferred on professionals by the public in the Professional Model?
What is a primary concern of the Professional Model that differs from the Business Model?
What is a primary concern of the Professional Model that differs from the Business Model?
Which of the following is a characteristic of the Business Model that is not shared with the Professional Model?
Which of the following is a characteristic of the Business Model that is not shared with the Professional Model?
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Study Notes
Business Model
- Aims to maximize profit while complying with legal boundaries
- Seeks to gain a monopoly over certain services to increase profit
- Attempts to persuade governmental regulators to grant autonomy in the workplace
Professional Model
- Built on an implicit trust relationship with the public (Social contract)
- Prioritizes the safety, health, and welfare of the public
- May seek monopoly or control to protect the public from incompetent providers
- In return, the public grants professionals benefits for their expertise
Business Model
- Aims to maximize profit while complying with legal boundaries
- Seeks to gain a monopoly over certain services to increase profit
- Attempts to persuade governmental regulators to grant autonomy in the workplace
Professional Model
- Built on an implicit trust relationship with the public (Social contract)
- Prioritizes the safety, health, and welfare of the public
- May seek monopoly or control to protect the public from incompetent providers
- In return, the public grants professionals benefits for their expertise
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