How Does Risk Management Differ from Quality Management

question 4

Multiple Choice

How does risk management differ from quality management?

• A) Quality management lessens effects of unavoidable risks.
• B) Quality management processes are outcome oriented.
• C) Risk management's primary focus is on improving clinical care.
• D) Risk management identifies areas of operational and financial loss.

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Definitions:

Financialization

A trend in which financial services, such as investment, become a more dominant sector in the national economy, influencing societal and economic structure.

Value Maximization

Refers to strategies aimed at increasing the overall value and performance of a company, maximizing shareholder wealth.

Capital Investment

Funds spent by a business to acquire or upgrade physical assets such as property, industrial buildings or equipment.

ESOPs

Employee Stock Ownership Plans, which are employee benefit plans giving workers ownership interest in the company, usually as a form of retirement benefit.