In the Context of the Skills of Successful Managers, ________

question 35

Multiple Choice

In the context of the skills of successful managers, ________ primarily involves allowing substantial responsibility and discretion in work activities and trusting people to solve problems and make decisions without getting approval first.

• A) empowering
• B) developing
• C) supporting
• D) consulting

Acknowledge the complexity and risk levels associated with emerging technologies in projects.

Realize the importance and methods of conducting formal risk assessments in projects.

Identify the role of insurance in risk management.

Understand the proactive vs. reactive approaches in project risk management.

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Definitions:

Geometric Average

A type of mean that represents the central tendency or typical value of a set of numbers by using the product of their values.

Value Line Index

An index that represents the performance of approximately 1,700 stocks in the Value Line Arithmetic and Geometric averages.

Equally-Weighted

An equally-weighted index strategy involves assigning each asset in a portfolio or index the same relative weight, contrasting with market-cap-weighted indexes where larger companies carry more weight.

Reward to Volatility

A measure of the return an investment provides relative to its volatility, used in evaluating the performance of an investment's risk.