Which of the Following Statements Is True About Risk Management

question 52

Multiple Choice

Which of the following statements is true about risk management in market systems versus command systems?

• A) Market systems manage risk better because entrepreneurs taking risks bear the costs of poor decisions,where in command systems government decision makers don't bear those costs.
• B) Neither system is better than the other in terms of risk management;both systems are equally susceptible to natural disasters and changes in consumer preferences.
• C) Command systems manage risk better because the government controls most economic activity and can therefore eliminate risk.
• D) Market systems face risk because of the possibility of profits and losses;command systems don't face risk because they are not profit driven.

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Definitions:

Blood Thinner

Medication or substances that prevent blood clots by reducing the blood's ability to clot, used to prevent strokes and heart attacks.

Psychomotor Learning

The process of developing motor skills and physical movements through practice and experience, often involving the coordination of the mind and body.

Health Literacy

The degree to which individuals can obtain, process, and understand basic health information and services needed to make appropriate health decisions.

Discharge Teaching

The process of educating patients and their caregivers about care requirements, medications, follow-up appointments, and health management strategies after leaving a healthcare facility.