Since It Is Impossible to Foreseeing and Control for Every

question 16

Essay

Since it is impossible to foreseeing and control for every possible threat, what approach does enterprise risk management take?

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Definitions:

Cross-functional Interaction

Collaboration between employees from different departments within an organization to achieve a common goal.

Functional Structure

A method of organizing a company where the business is divided into departments based on their functions, such as marketing, sales, and accounting.

Multinational Corporation

A large company that operates and invests in multiple countries outside of its home country.

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.