____ Involves Developing an Action Plan to Reduce the Likelihood

question 69

Multiple Choice

____ involves developing an action plan to reduce the likelihood of occurrence or potential impact of each risk, establishing a trigger point for when to implement the actions to address each risk, and assigning responsibility to specific individuals for implementing each response plan.

• A) Risk assessment
• B) Risk management strategy
• C) Risk response planning
• D) Risk impact statement

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Definitions:

Constitutionality

The quality of being in accordance with the Constitution or governed by its principles.

Interstate Commerce

Trade, traffic, or transportation involving the passage of goods, services, money, or people across state lines within the United States.

Economic Development

Activities and policies aimed at improving the economic well-being and quality of life of a community or country, including job creation, infrastructure improvements, and business support.

Mixed Regime

A form of government that combines elements of democracy, oligarchy, and monarchy, theoretically balancing the principles of freedom, equality, and stability.