The Process of Analyzing and Measuring Statistical Data to Identify

question 10

Multiple Choice

The process of analyzing and measuring statistical data to identify preventable losses and minimize their occurrences is called:

• A) risk management.
• B) quality management.
• C) claims management.
• D) case management.
• E) financial management.

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Definitions:

85/15 Rule

A principle suggesting that 85% of the success of an organization is due to system and process, while 15% is due to the work of individuals.

Collegial Model

An organizational framework based on shared decision-making and equal partnership among colleagues, typically found in educational and professional settings.

Human Relations Model

A theory in organizational management that emphasizes the importance of interpersonal relationships and the well-being of employees for achieving productivity and morale.

Economic Incentive

A financial motivation or benefit that encourages an individual or organization to pursue certain behaviors or actions.