Based on What You Know of Risk Assessment,which of the Following

question 3

Multiple Choice

Based on what you know of risk assessment,which of the following factors would not explain the seemingly irrational behavior of a father who smokes (high risk factor for baby) throwing away his baby's teething rings that may contain phthalates (seemingly low risk factor for baby) .

• A)People tend to downplay risks that are associated with activities they are committed to or enjoy.
• B)Most people do not understand the concepts of probability.
• C)News media can give a biased view of hazards.
• D)People tend to have an irrational fear of certain technologies that are not as well understood.
• E)People recognize the risk of man-made objects but not those of natural (tobacco)objects.

Understand the concept of cultural diversity and its impact on behavior.

Recognize the influence of social norms on individual behavior.

Identify instances of conformity and the factors that promote it.

Distinguish between normative and informational social influences.

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Definitions:

Expenses

Costs incurred in the process of generating revenues, representing the consumption of resources such as raw materials, labor, and overhead.

Accrual Basis

An accounting method that recognizes revenue when earned and expenses when incurred, regardless of cash flow.

Recognizes Expenses

The accounting process of formally recording or acknowledging that an expense has occurred, typically impacting the profit and loss statement.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year.