In Addition to Avoidance and Adaptation, Two Other Means of Risk

question 37

Multiple Choice

In addition to avoidance and adaptation, two other means of risk reduction available to managers are ________ and ________.

• A)qualitative approach; quantitative approach
• B)dependency; hedging
• C)checklisting; blocklisting
• D)protectionist approach; stability approach

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Definitions:

Obedience

A form of social influence where an individual follows a directive from an authority figure or the norms of the society.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Loss of Confidentiality

The unauthorized disclosure of private information, which can compromise privacy and data security.

Monetary Loss

The negative financial impact experienced as result of investment and other money-related decisions.