Crises Can Result in Significant Financial Losses, but They Can

question 11

Multiple Choice

Crises can result in significant financial losses, but they can also result in other losses. Which of the following losses can have the worst long-run impact on a company?

• A)Short-term financial loss
• B)Loss of credibility with the media
• C)Loss of employee morale
• D)Loss of reputation
• E)Loss of executive concentration.

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Definitions:

Safety Needs

Basic human needs for security and protection from harm, as identified in Maslow's hierarchy of needs, following physiological needs.

Recognition Needs

Human needs pertaining to the desire for appreciation, acknowledgement, and validation of one’s skills, accomplishments, and contributions.

Self-Fulfillment Needs

The highest level in Maslow's hierarchy of needs, focusing on personal growth, achieving one's potential, and self-actualization.

Financial Incentives

Monetary rewards offered to influence behavior or outcomes, often used to motivate employees or align their efforts with organizational goals.