Which of the Following Statements Is (Are)true with Regard to the Use

question 53

Multiple Choice

Which of the following statements is (are) true with regard to the use of technology in risk management programs?
I.Risk management Intranets are networks intended for an internal audience.
II.Risk management information systems can be used to store and track workers compensation claims data.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Identify different types of family and household compositions.

Describe various residence patterns and their significance.

Understand the prevalence and types of single-parent households in the U.S.

Analyze the relationship between subsistence strategies and family organization.

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Definitions:

Opportunity Loss Strategy

An approach in decision making that focuses on minimizing the potential loss for not choosing the best alternative.

Scoring Model

A statistical tool or algorithm that assesses and assigns scores to individuals or entities based on various attributes or behavior patterns to predict future outcomes.

Attributes

Characteristics or qualities that define or differentiate objects, individuals, or data points.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used as a tool in investment and financial analysis.