People Who Are Uncomfortable with Risk and Who Avoid It

question 208

Multiple Choice

People who are uncomfortable with risk and who avoid it whenever they can are using the approach of

• A)risk retention.
• B)risk transfer.
• C)risk avoidance.
• D)loss control.

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Definitions:

Company-Specific Human Capital

The unique skills, knowledge, and experience possessed by an individual that are particularly valuable to their employer and not easily transferable to other organizations.

Global Human Capital

The skills, knowledge, and experience possessed by individuals worldwide that can be used for economic benefits and business success on a global scale.

Regional Human Capital

The collective skills, knowledge, and experience possessed by an area's workforce, which contributes to its economic development.

Power Distance

The degree to which subordinates in an organization accept that power is distributed unequally.