_____ Is the Process of Identifying Potential Negative Events, Assessing

question 55

Multiple Choice

_____ is the process of identifying potential negative events, assessing the likelihood of their occurrence, heading off these events before they occur or reducing the probability that they will occur, and making contingency plans to mitigate the consequences if they do occur.

• A)Supplier selection
• B)Supplier evaluation
• C)Supplier categorization
• D)Global sourcing
• E)Risk management

---

Definitions:

Acquisition

The process of learning or developing a skill, habit, or quality.

Norms

Shared expectations or rules within a social group that guide behavior and indicate what is considered appropriate or acceptable.

Society

A community of people living together in a more or less organized way, establishing norms and institutions that define the collective social behavior.

Executive Control Centre

A component of the brain responsible for regulating attention, problem-solving, and adaptable behavior in complex situations.