The First Step in Risk Management Is Identifying Potential or Actual

question 9

Multiple Choice

The first step in risk management is identifying potential or actual risks for accidents,injuries,or financial loss.The occurrence of an injury that is caused by medical management and results in a measurable disability is termed:

• A)An error
• B)An adverse event
• C)An unpreventable adverse event
• D)A near miss

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Definitions:

Profit Maximization

The procedure through which an enterprise establishes the pricing and output necessary for the maximum profit.

Rock Climbing Shoe

Specialized footwear designed to provide climbers with enhanced grip and sensitivity on rock surfaces.

Monopoly

An economic scenario in which only one company dominates the entire market's supply of a specific product or service, with no competitors.

Profit-Maximizing

How a corporation figures out the most profitable price and volume of production.