Which of the Following Is Least Likely to Be Associated

question 20

Multiple Choice

Which of the following is least likely to be associated with relocation to a personal care home?

• A) Unavailability of residential options that provide lower levels of care
• B) A serious health event (stroke or fall)
• C) Lack of supportive resources
• D) Unavailability of private retirement options with extended care services

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Definitions:

Moral Hazard

A situation in insurance and economics where one party is more likely to take risks because they do not bear the full consequences of their actions, often due to asymmetric information.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Benefit

An advantage or positive outcome gained from something, often used in the context of employment perks or features of a product or service.

Moral Hazard

Moral hazard occurs when one party in a transaction takes on more risk because they know that someone else will bear the cost of those risks.