Use the Following Graph of the Cost/benefit Model for Risk

question 14

Multiple Choice

Use the following graph of the cost/benefit model for risk analysis to answer the next five questions.

-What does (4) represent?

• A) Total cost
• B) Loss area
• C) Cost of controls
• D) Level of assurance
• E) Optimal point of reasonable assurance E

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Definitions:

Ethical Guidelines

refer to the codes of conduct proposed by organizations to guide members in making decisions that are moral, ethical, and socially responsible.

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing the science and profession of psychology.

Social-Cognitive Perspective

A viewpoint in psychology that emphasizes the importance of observational learning, self-efficacy, situational influences, and cognitive processes in understanding behavior.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior and rejecting the notion of internal processes.