For Those Who View Globalization as a "Pendulum," the Practice

question 6

Multiple Choice

For those who view globalization as a "pendulum," the practice of _________________ to identify and assess as well as minimize the effects of unfortunate events is important.

• A)​risk management
• B)​strategy as action
• C) ​intended strategy
• D) ​SWOT analysis

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Definitions:

Term Paper

An academic assignment or research paper that is usually due at the end of a term or semester.

Prospect Theory

An economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are uncertain.

Framing Effect

The impact on decision making caused by the way information is presented, where different presentations of the same information can lead to different decisions.