Cost ____________________ Is the Process of Preventing the Financial Impact

question 40

Short Answer

Cost ____________________ is the process of preventing the financial impact of an incident by implementing a control.

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Definitions:

Production Output

The total amount of goods or services produced by a company or industry within a specific period.

Collective Bargaining

The process in which employees, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay, benefits, hours, leave, job health and safety policies, and more.

Industrial Union

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.

Craft Union

A labor union whose membership is restricted to skilled workers in a specific trade or craft.