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Lower levels in Powers' hierarchy system may sometimes be functionally superordinate over higher levels.
Strategic Risk
Involves risks that affect the long-term goals, direction, and overall strategy of an organization.
Contractual Risks
The potential for losses or liabilities arising from the terms and conditions of a contract, including breaches, misinterpretations, and the failure of parties to fulfill their obligations.
People Risks
Risks associated with the individuals involved in a project or business, such as skill shortages, personality conflicts, or turnover.
Cost Risks
Potential financial uncertainties that could impact the budget of a project or investment, leading to potential overruns or losses.
Q3: Since no genetic material is lost or
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