Which of the Following Would Strongly Support a Business Strategy

question 31

Multiple Choice

Which of the following would strongly support a business strategy for managing risks uniquely associated with commitments made by employees to suppliers or customers?

• A) Identify a knowledgeable individual to be risk department manager.
• B) Retain legal counsel to act as in-house counsel to the business.
• C) Establish policies and financial limits for commitments to customers.
• D) Deal with each risk and assign responsibility for each action.

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Definitions:

Collaboration

The action of working with someone to produce or create something.

Beneficial

Having a positive effect; helpful or advantageous to individuals or situations.

Compromise

A method of resolving disagreements where all parties make concessions to reach a mutually acceptable decision.

Concedes

The act of acknowledging or yielding to another's point, request, or judgment, often after a period of resistance or dispute.