Risk Management

Question 1

What is risk?

Revolt · Accepted Answer

the possibility of something negative happening that results in loss or failure

Question 2

What is liability?

Revolt · Accepted Answer

when a person or organization is held accountable for something

Question 3

Select all correct answers.Which of the following people may be involved in a civil lawsuit?

Revolt · Accepted Answer

lawyer; defendant; plaintiff

Question 4

Which of the following steps may be involved in risk management?

Revolt · Accepted Answer

seeking legal counsel to advise about risk; identifying and prioritizing risk; choosing a strategy for dealing with risk

Question 5

Select all correct answers.Which of the following choices are common strategies for managing risk?

Revolt · Accepted Answer

avoid the risk; reduce the risk; share the risk; accept the risk

Question 6

How can insurance coverage help a healthcare organization manage risk?

Revolt · Accepted Answer

by helping to pay for the negative costs of risk

Question 7

Which of the following are steps in the Incident Reporting Process? (select all that apply)

Revolt · Accepted Answer

review by management; develop changes in care; enact changes in care; record the incident

Question 8

What is an investigation?

Revolt · Accepted Answer

an attempt to collect and analyze information about an incident

Question 9

What is quality improvement?

Revolt · Accepted Answer

an ongoing attempt to improve the quality of something

Risk Management Answers