The Risk Management Tool That Is Divided into Three Color-Coded

question 2

Multiple Choice

The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk

• A)Assessment form.
• B)Responsibility matrix.
• C)Scenario assessment.
• D)Impact assessment.
• E)Severity matrix.

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Definitions:

Informal Structure

The unofficial, dynamic aspects of an organization that stem from personal relationships, networks, and social complexities rather than formal rules and hierarchies.

Bureaucracy

A formal organizational structure with a clear hierarchy and strict rules governing operations, often used in large organizations or governments.

Utilitarian Organizations

are groups formed to achieve specific objectives, often for compensation, such as businesses or government agencies.

Ideal Bureaucracies

Theoretical models of organizational structures designed to operate efficiently and rationally through clear hierarchies and rules.