Which of the Following Is an Example of Risk Avoidance

question 20

Multiple Choice

Which of the following is an example of risk avoidance?

• A) discontinuing products and product lines
• B) self-insurance
• C) insurance policy deductibles
• D) hiring in-house legal counsel

Discern the impact of communication on management functions and organizational culture.

Realize the significance of feedback in the communication process.

Grasp the concept of media richness and its relevance to effective communication.

Understand the role of communication skills in team-oriented organizations.

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Definitions:

Managing Diversity

The practice of acknowledging, understanding, accepting, and valuing differences among people with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, spiritual practice, and public assistance status.

Intrapreneurs

Employees within a company who are given the responsibility to develop new projects or ideas, operating as entrepreneurs within the organization.

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through efficient use of resources and satisfying stakeholders.

Demographics

Statistical data relating to the population and particular groups within it, used for identifying trends in human populations.