Identify One Control That Can Be Used to Mitigate the Threat

question 66

Multiple Choice

Identify one control that can be used to mitigate the threat of poor product design that results in excess costs.

• A)production planning systems
• B)analysis of warranty and repair costs
• C)encryption
• D)insurance

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Definitions:

Social Power

The ability of an individual or group to influence the behavior, beliefs, or attitudes of others within a social context.

Profit Maximization

The business objective of achieving the highest possible financial gain, commonly through increased sales revenue, cost reduction, or both.

Social Goals

Objectives that aim to improve society's well-being, addressing issues like poverty, inequality, and environmental sustainability.

Economic Institution

An established organization or system that plays a role in the distribution and consumption of goods and services within an economy.