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What are some of the risks associated with owning/operating a pharmacy as mentioned in the text?
What are some of the risks associated with owning/operating a pharmacy as mentioned in the text?
- Complete immunity from natural disasters
- Zero liability for prescription filling errors
- Threats from the economy and competition (correct)
- Guaranteed profitability
Which of the following is a step in the risk management process mentioned in the text?
Which of the following is a step in the risk management process mentioned in the text?
- Identify risks (correct)
- Assume all risks without analysis
- Ignore risks to focus on short-term gains
- Transfer all risks to a third party
Why is risk management considered most effective when applied in a systematic manner?
Why is risk management considered most effective when applied in a systematic manner?
- To randomly address risks without any plan
- To transfer all risks to insurance companies
- To ignore risks and hope for the best outcome
- To prioritize risks and select appropriate techniques for management (correct)
What is a key step in the risk management process for owning/operating a pharmacy?
What is a key step in the risk management process for owning/operating a pharmacy?
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Which of the following is a potential risk associated with owning/operating a pharmacy?
Which of the following is a potential risk associated with owning/operating a pharmacy?
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Why is risk management considered a multistep process?
Why is risk management considered a multistep process?
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What is the significance of monitoring and assessing the risk management plan?
What is the significance of monitoring and assessing the risk management plan?
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