The Objective of Risk Management Is to

question 11

Multiple Choice

The objective of risk management is to

• A) determine the level of risk that is "acceptable" to society
• B) evaluate and select the best policy approach to achieve the "acceptable" level of risk
• C) evaluate and select the policy initiative to achieve any level of risk
• D) (a) and (b) only
• E) (a) and (c) only

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Definitions:

Attitude

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor.

Three-Component Model

A theory in psychology that describes three major components of attitude: cognitive, affective, and behavioral.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Four-Component Model

A framework in moral psychology that outlines the cognitive processes involved in ethical decision-making, including moral sensitivity, judgment, motivation, and character.