In Order to Evaluate Risk,management May Also Set Qualitative Risk

question 98

Multiple Choice

In order to evaluate risk,management may also set qualitative risk classes.Rank these four projects from the least to the most risky. 1.Completely new market in Canada
2) Completely new market in South America
3) Addition to normal product line
4) Repair to old machinery

• A) 4,3,1,2
• B) 1,2,3,4
• C) 3,4,1,2
• D) 2,3,4,1

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Definitions:

External Behavior

Actions or reactions exhibited by an individual that are observable by others, reflecting a response to the surrounding environment.

Workforce

The total number of a country's or organization's employed individuals, including both full-time and part-time workers.

Organizational Culture Inventory (OCI)

A survey instrument designed to assess the culture of an organization by measuring the behaviors and norms that are encouraged or penalized.

Technical/Human Orientation

A perspective or approach that emphasizes either the technical or human aspects in professional settings or disciplines.