Pharmacy Risk Management Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Selecting techniques to manage risks</p> Signup and view all the answers

    Which of the following is a potential risk associated with owning/operating a pharmacy?

    <p>Threats from the economy and competition</p> Signup and view all the answers

    Why is risk management considered a multistep process?

    <p>To identify, prioritize, and manage risks effectively</p> Signup and view all the answers

    What is the significance of monitoring and assessing the risk management plan?

    <p>To make changes in the plan as necessary</p> Signup and view all the answers

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