All of the Following Are Ways of Managing Risk Mentioned

question 16

Multiple Choice

All of the following are ways of managing risk mentioned in the text, except:

• A) competitive bidding
• B) transfer
• C) avoidance
• D) assumption

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Definitions:

Bureaucracy

An organizational structure characterized by hierarchical authority, a clear division of labor, explicit rules, and impersonality in personnel matters.

Authority

The legitimate or socially approved use of power, often associated with roles or positions held by individuals or institutions.

Emotional State

The internal condition of feeling or mood of an individual, which can influence perceptions, behaviors, and attitudes.

Affective Action

Behavior driven by emotions and feelings rather than rational calculations or societal norms.