The Making Ethical Decisionsbox "Good Finance or Bad Medicine" has an important message formanagers who make financial decisions. Which of the following statements summarizes thismessage?
1. Managers must balance good economic decisions with socially forward thinking.
2. Financial decisions must be based on what insurance companies are willing to pay.
3. Checking academic credentials of recently graduated doctors is imperative due to the costof lawsuits that patients may file if they learn that they were served by a surgeon without alicense.
4. The support of a good law firm is worth every penny a hospital might pay. The financemanager should always budget for a legal team.