Philosopher-Mathematician Nassim Taleb Calls Businesses _____ When They Guard What

question 42

Multiple Choice

Philosopher-mathematician Nassim Taleb calls businesses _____ when they guard what they cannot afford to lose and take risks with 10 percent of the business.

• A) fragile
• B) high impact
• C) low impact
• D) antifragile
• E) balanced risks

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Definitions:

Certification

The process of verifying the attributes, characteristics, or quality of someone or something, often resulting in a formal document.

Refuses to Bargain

Occurs when an employer or union does not engage in good faith negotiation over wages, hours, and other terms of employment.

Hiring Hall

A place operated by a labor union or an employer association where workers are matched with available jobs, typically in the maritime and construction industries.

Duty of Fair Representation

The obligation of a union to represent all members fairly, impartially, and in good faith, particularly during collective bargaining and grievance processes.