Health Information Management Services Has an Automated Release of Information

question 38

Multiple Choice

Health Information Management Services has an automated release of information (ROI) system that was installed 4 years ago to assist staff in responding to requests for information. The system is updated regularly to accommodate user needs and changes in laws and regulations. Given this information, at what phase in the information system's life cycle is the ROI system?

• A) Design phase
• B) Implementation phase
• C) Maintenance phase
• D) Obsolescence phase

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Definitions:

Diversification

An investment strategy aimed at reducing risk by allocating investments among various financial instruments, industries, and other categories.

Portfolios

A collection of different types of investments (such as stocks, bonds, commodities, etc.) that an individual or institution holds.

Unsystematic Risk

The risk associated with a specific company or industry, which can be mitigated through diversification.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio to reduce exposure to any single asset or risk.