A Risk Management Plan

question 7

Multiple Choice

A risk management plan

• A)does not require regular revision.
• B)does nothing to promote the better conduct of a business.
• C)is only necessary in sophisticated businesses.
• D)does not necessarily involve a lawyer in every part of the overall plan.
• E)helps a business to identify and anticipate potential legal liability.

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Definitions:

Norms

Established standards or patterns of behavior that are accepted within a group or society.

Behaviour

Refers to the actions or reactions of an object or organism, usually in relation to the environment or surrounding.

Positive Norms

Expected behaviors within a group that contribute to a positive and constructive environment.

Team Cohesiveness

The extent to which team members are attracted to the team and motivated to remain in it, characterized by strong bonds, commitment to common goals, and mutual support.