Which of the Following Is Not a Benefit of Forecasting

question 22

Multiple Choice

Which of the following is not a benefit of forecasting future losses?

• A) Better estimate of insurance costs
• B) More appropriate budgeting of financial impact of the losses
• C) Better selection of optimal risk-handling techniques
• D) Better monitoring of trends and impact of change in trend

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Definitions:

Role Expectations

The norms and behaviors that are anticipated from an individual performing a specific role or position in society or within an organization.

Culturally Competent Care

Healthcare provision that acknowledges and incorporates the social, cultural, and linguistic needs of patients.

Culturally Congruent Care

Healthcare that is tailored to meet the social, cultural, and linguistic needs of patients, ensuring respect for their beliefs and practices.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination against other cultures.