Which of the Following Is a Term Used to Describe

question 3

Multiple Choice

Which of the following is a term used to describe a philosophy of risk identification and system of injury prevention?

• A) Risk management
• B) Fiduciary relationship
• C) Virtue
• D) Deontology

---

Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Cash Inflow

The total amount of money being transferred into a business, from operations, investments, or financing activities.

Incremental Analysis

A financial decision-making approach focusing on the costs and revenues that change due to a specific decision.

Costs

Costs represent the monetary value spent on resources, labor, and other expenses necessary for the production of goods or services.