CPHRM Risk Analysis 4

Question 1

In healthcare risk analysis, 'inherent risk' is BEST defined as:

Accepted Answer

The level of risk that exists before any controls are applied

Answer

Inherent risk is the raw or baseline risk of an activity or process before any mitigation or control measures are considered.

Question 2

A risk manager is analyzing claims data to identify patterns of recurring loss. Which type of analysis is being performed?

Accepted Answer

Retrospective risk analysis

Answer

Retrospective risk analysis examines historical data (claims, incidents, near-misses) to identify patterns and trends of past losses.

Question 3

The Haddon Matrix is used in healthcare risk analysis primarily to:

Accepted Answer

Analyze injury-producing events across pre-event, event, and post-event phases

Answer

The Haddon Matrix organizes countermeasures across three time phases (pre-event, event, post-event) and three factors (host, agent, environment) to guide injury prevention strategies.

Question 4

Which scenario BEST illustrates the concept of 'risk aggregation' in a hospital setting?

Accepted Answer

Recognizing that multiple low-level risks in one department collectively create a high-risk environment

Answer

Risk aggregation recognizes that individually minor risks can accumulate to create a substantially elevated overall risk level when considered together.

Question 5

During a risk analysis, a team determines that a control measure reduces the likelihood of a hazard but does not eliminate it. This remaining risk is BEST addressed by:

Accepted Answer

Accepting the residual risk without further action if it falls below the risk tolerance threshold

Answer

When residual risk falls within the organization's defined risk tolerance, it is appropriate to formally accept it and document the decision.

CPHRM Exam Practice Test

CPHRM Exam Practice Test

CPHRM Risk Analysis 4