Examlex
Briefly state several reasons for the decline in sales for McDonald's in 2001-2002.
Risk Management
The identification of all exposure to financial loss of a business and includes the selection of techniques to manage those exposures; The Joint Commission defines risk management in health care as “clinical and administrative activities undertaken to identify, evaluate, and reduce the risk of injury to patients, staff, and visitors and the risk of loss to the organization itself.”
Financial Loss
Occurs when the value of an asset decreases or expenses surpass income, leading to a negative financial outcome.
Exposures
Contact with potentially harmful physical, chemical, or biological agents, either inadvertently or in a controlled manner for scientific study.
Malpractice
A failure by a professional to provide services with the competently expected level of skill or care, resulting in harm or injury to a person.
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