An Organisation in Which the Same Risk May Be Dealt

question 28

Multiple Choice

An organisation in which the same risk may be dealt with differently in different areas of the organisation, or one area may unintentionally undermine the efforts of another area, would be said to have:

• A) a weak risk culture.
• B) a strong risk culture.
• C) an effective risk management system.
• D) low risk tolerance.
• E) None of these responses are correct.

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Definitions:

Social Groups

Collections of individuals who interact and share similar characteristics and a sense of unity.

Bureaucratic Rationalization

The process of creating an efficient organization through the rational design and organization of human activity, often associated with increased specialization and standardization of tasks.

George Ritzer

An American sociologist known for his work on consumerism, globalization, and the "McDonaldization" of society.

McDonald's

A global fast-food restaurant chain founded in 1940, known for its burgers, fries, and wide range of other quick-service meals.