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What is a likely consequence of the accreditation requirement that medical schools be not-for-profit? The quality...

What is a likely consequence of the accreditation requirement that medical schools be not-for-profit?

The quality of nonprofit school graduates is higher than the quality of graduates from schools with a profit motive.

Private organizations have no incentive to invest capital to start a new medical school.

For-profit medical schools find it more difficult to attract qualified faculty.

All of the above
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Answer #1

Answer: Private organizations have no incentive to invest capital to start a new medical school.

Explanation:

When there is accreditation requirement that medical schools be not-for-profit, no financial incentive exists for private organizations to invest capital to start a new medical school by demonstrating that they could produce physicians at lower cost and of equal, if not higher quality, than many not-for-profit medical schools. Hence the likely consequence is only lack if incentive to invest capital. The consequence does not include higher quality of graduates in non-profit or difficulty in attracting faculty for for-profit medical schools.

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