Which of the Following Is an Example of a Risk

question 170

Multiple Choice

Which of the following is an example of a risk avoidance response?

• A) Buying an insurance policy to protect against loss events.
• B) Hedging against natural gas price fluctuations.
• C) Selling a non-strategic business unit.
• D) Outsourcing a high risk process to a third party.

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Definitions:

Marxist Theorists

Individuals who analyze and study society, economics, and history through the lens of Marxism, a framework based on the ideas of Karl Marx focused on class struggle and societal change.

Deviance

Behaviors or actions that defy societal norms or expectations, attracting disapproval or sanctions.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, capital accumulation, and wage labor.

Postmodernist Theory

A philosophical approach that questions the grand narratives and ideologies of modernism, emphasizing the role of language, power dynamics, and cultural contexts in shaping our understanding of truth and reality.