Which of the Following Is an Example of a Critical

question 30

Multiple Choice

Which of the following is an example of a critical success factor?

• A)Increase customer satisfaction
• B)Number of new customers
• C)Number of new products
• D)Percentage of employee turnover

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Definitions:

Correlated Risks

Risks that are linked in such a way that the occurrence of one affects the likelihood of the occurrence of another.

Agricultural Industry

The sector of the economy that deals with the production, processing, and distribution of food, fibers, and other goods derived from farming and related activities.

Screening

Using observable information about people to make inferences about their private information; a way to reduce adverse selection.

Adverse Selection

A situation in which asymmetrical information leads buyers or sellers to make counterproductive choices, often observed in insurance markets.