Which of the Following Terms Describes an Unexpected Occurrence When

question 9

Multiple Choice

Which of the following terms describes an unexpected occurrence when the unit documentation is a critical pathway?

• A) Incident
• B) Variance
• C) Deviation
• D) Charting by exception

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Definitions:

Precautionary Motive

A rationale for holding money or liquid assets to guard against future uncertainties and potential emergencies.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Cash

Physical currency such as coins and banknotes or the equivalent in bank balances that can be immediately accessible.