John Owns a Small Department Store That Issues Its Own

question 42

Multiple Choice

John owns a small department store that issues its own credit cards. He has been considering phasing out his own credit card and accepting Visa or MasterCard. If John chooses to do this he will be going from a position of risk to one of risk .

• A) assumption; transfer
• B) reduction; transfer
• C) assumption; avoidance
• D) avoidance; reduction

---

Definitions:

Senior-level Executive

High-ranking officers in a company or organization, responsible for making major decisions and determining overall strategic directions.

Diverse Way

A manner or approach that emphasizes inclusivity and the acknowledgment of different backgrounds, cultures, and perspectives.

Global Public Relations

The practice of managing and facilitating communication and relationships between an organization and its publics on a worldwide scale.

Corporate Story

A narrative created by a company that encapsulates its identity, values, and evolution over time, often used for branding and marketing purposes.