Which of the Following Components Is Not an Element of the Australian

question 9

Multiple Choice

Which of the following components is not an element of the Australian Risk Management Standard, AS/NZS ISO 31000?

• A)Establish the context.
• B)Identify risks.
• C)Analyse risks.
• D)Separate risks.

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Power Distance

A cultural dimension that expresses the degree to which less powerful members of a society accept and expect that power is distributed unequally.

Hofstede's Dimensions

A framework for understanding cultural differences along six dimensions: power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty avoidance, long-term orientation vs. short-term normative orientation, and indulgence vs. restraint.

Mercenary Culture

An organizational culture characterized by a focus on results and efficiency, often at the expense of employee loyalty and long-term commitment.