_____ Risks Refer to Those That Are Direct Results of Implementing

question 59

Multiple Choice

_____ risks refer to those that are direct results of implementing risk responses.

• A)Architectural
• B)Primary  
• C)Residual
• D)Secondary

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Definitions:

Industries

Broad categories that encompass various companies and organizations involved in the production of goods and services in specific areas of the economy.

Infant Industry Theory

A theory which states that certain emerging industries need to be protected and nurtured for a period of time or they will be unable to compete against established foreign firms.

Neo-Mercantilism

An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.

Foreign Competition

The competition that domestic companies face from abroad, often referring to the goods and services offered by companies located in other countries.