_________Is the Process of Identifying, Analyzing, and Planning for New

question 79

Short Answer

_________is the process of identifying, analyzing, and planning for new risks, keeping track of identified risks, reanalyzing existing risks, monitoring trigger conditions for contingency plans, monitoring residual risks, and reviewing the executing of risk responses.

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Definitions:

Government Intervention

The involvement of the government in the market, aiming to correct market failures, redistribute resources, or to achieve specific economic objectives.

Profits

Net income that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.

Critical Thinking

The ability to objectively analyze and evaluate an issue or situation to form a judgement, by questioning assumptions and identifying biases.

Social Responsibility

Social Responsibility involves businesses and individuals acting in ways that benefit society at large, beyond their own interests or profits.