Which of the Following Correctly Identifies Elements That Would Be

question 17

Multiple Choice

Which of the following correctly identifies elements that would be contained in a legal risk management plan?

• A) Transfer the risk and recommend contracts to address changes.
• B) Identify the risk and hire insurance professionals to develop policies.
• C) Identify the risk and monitor changes in legislation.
• D) Track new manufacturing processes and implement new technology.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Bay Of Pigs

A failed military invasion of Cuba in 1961 by Cuban exiles, sponsored by the U.S. government, aiming to overthrow Fidel Castro's government.

Groupthink

An occurrence in psychology where the pursuit of agreement or adherence within a group causes choices that are irrational or counterproductive.

Bad Decisions

Choices or judgments that lead to undesirable outcomes due to flawed reasoning or poor judgment.