It Is Argued That Effective Risk Management Is Vital to the Survival

question 10

Multiple Choice

It is argued that effective risk management is vital to the survival of an organisation because:

• A) most business organisations are exposed to a wide variety of risks.
• B) many business failures can be attributed to inadequate policies.
• C) most organisations are exposed to interest rate risk.
• D) all of the given choices are correct.

Recognize the importance of whistleblowing in maintaining ethical standards.

Comprehend different aspects and considerations in corporate social responsibility.

Identify legal protections against discrimination and harassment in the workplace.

Understand the significance of fair treatment and equal opportunities for all employees.

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Definitions:

Contingency Management

A therapeutic intervention that uses reward and punishment to encourage desirable behaviors and discourage unwanted ones.

Aversion Therapy

A form of behavior therapy that involves reducing or eliminating undesirable behaviors by associating them with discomfort or an unpleasant stimulus.

Complete Abstinence

is the practice of refraining from the use of alcohol or drugs entirely, often as a strategy in the treatment of substance use disorders.

Moderated Drinking

An approach to managing alcohol consumption that aims to establish a controlled pattern of drinking, often used by individuals seeking to reduce their alcohol intake rather than abstain completely.