A Planned Program of Loss Prevention and Liability Control Best

question 3

Multiple Choice

A planned program of loss prevention and liability control best defines

• A) client satisfaction.
• B) clinical pathway.
• C) quality assurance.
• D) risk management.

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Definitions:

Resources

Economic or productive factors required to accomplish an activity, or to provide a service or product, such as land, labor, and capital.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen; the value of the next best alternative foregone.

Specialization

The process of focusing on and becoming expert in a particular subject or skill.

Production

The process of creating goods and services by combining labor, land, and capital to generate output.