One Common Mistake Made Early in the Risk Identification Process

question 91

Multiple Choice

One common mistake made early in the risk identification process is to

• A)Not consider all possibilities.
• B)Encourage participants be over optimistic.
• C)Support participants being over pessimistic.
• D)Focus on consequences and not on the events that could produce consequences.
• E)Give too much attention to past events.

Identify factors that contribute to a unique and inimitable corporate culture.

Comprehend the different views on corporate social responsibility (CSR) and its impact on businesses.

Recognize the role of human resources in creating a competitive advantage.

Understand the significance of evolving a company culture and its replication difficulty.

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Definitions:

Cognitive Ability

Refers to the capacity of an individual to perform mental processes such as reasoning, problem-solving, and learning.

Algebraic Equation

A mathematical statement that shows the equality of two expressions, which are connected by an equals sign and involve at least one variable.

Formal-operational Thinking

Formal-operational thinking is a stage described by Jean Piaget where individuals (typically adolescents and adults) develop the ability to think abstractly, logically, and systematically.

Piagetian Stage

One of the stages in Jean Piaget's theory of cognitive development, which describes how children's abilities to think and reason change as they grow older, including sensorimotor, preoperational, concrete operational, and formal operational stages.