Review and Evaluation Is an Important Step in the Risk

question 76

Multiple Choice

Review and evaluation is an important step in the risk management process because

• A) conditions change and mistakes may be identified.
• B) it is nearly impossible to evaluate risk effectively.
• C) of the challenges in identifying small business risks.
• D) it is difficult to select effective methods.

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Definitions:

Functional Conflict

A form of conflict that supports the goals of the group and improves its performance by encouraging constructive communication and problem solving.

Dysfunctional Conflict

A disagreement that leads to negative consequences, harming the group's performance, or interpersonal relationships.

Neutral Third Party

An unbiased individual or entity not directly involved in a situation or dispute, who may act as a mediator or arbitrator.

Negotiation

Is the process of making joint decisions when the parties involved have different preferences.