All of the Following Statements About the Administration of a Risk

question 53

Multiple Choice

All of the following statements about the administration of a risk management program are true EXCEPT

• A)The risk manager is an important part of a firm's management team.
• B)A risk management policy statement can be used to educate top executives about the risk management process.
• C)If a risk management program is properly designed,periodic review of the program is unnecessary.
• D)In order to properly identify loss exposures,the risk manager needs the cooperation of other departments.

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Definitions:

Social Presence

A measure of how much an individual feels socially connected and present in a digital or virtual environment.

Social Stratification

The division of society into levels, classes, or groups based on socioeconomic status, power, ethnicity, or other factors.

Social Altruism

The selfless concern for the welfare of others, often leading to actions that benefit someone else at one's own expense.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone.