The Function of Analyzing and Evaluating All of the Risks

question 20

Multiple Choice

The function of analyzing and evaluating all of the risks that affect an organization is called _____.

• A) enterprise risk management
• B) litigation support
• C) quality review
• D) root-cause analysis

---

Definitions:

Employment Standards Legislation

Laws and regulations established to protect the rights of workers, setting minimum standards for pay, work hours, and conditions.

Pay Equity

The principle of ensuring that employees are compensated equally for work of equal or comparable value, aimed at preventing discrimination based on gender, ethnicity, or other irrelevant factors.

Minimum Age

The lowest legal age at which an individual is permitted to engage in a specific activity or employment.

Lag Strategies

Compensation approaches where organizations pay below market rates due to financial constraints but aim to offer other benefits to attract and retain employees.