The Process Involved in the Anticipation, Recognition, and Appraisal of a Risk

question 47

Multiple Choice

The process involved in the anticipation, recognition, and appraisal of a risk and the initiation of action to eliminate the risk entirely or reduce the threat of harm to an acceptable level, is referred to as:

• A) risk management
• B) loss prevention
• C) training and compliance
• D) legislative lobbyists

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Definitions:

Global Workforces

Employees located across multiple countries around the world, often emphasizing the diversity and distribution of a company's personnel.

Valued Employees

Individuals within an organization considered essential due to their skills, performance, and contribution to the company's goals.

Marketing Era

A period marked by the evolution of marketing focus from production to product orientation, and eventually to a marketing orientation that emphasizes understanding and satisfying customer needs.

Production Era

A historical period in business where the focus was primarily on production efficiency and manufacturing output, often at the expense of customer needs.