The Use of Strong Contracts with Suppliers, Labor Unions, Etc

question 100

Multiple Choice

The use of strong contracts with suppliers, labor unions, etc., is an example of what?

• A) Risk enhancement
• B) Risk elimination
• C) Risk mitigation
• D) Risk conduction

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Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

Compromise

A method of resolving a disagreement where each party gives up something that was originally wanted to reach a mutually acceptable solution.

Life Fairness

The subjective assessment of the balance or equity of life circumstances and events.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors.