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What Are Two Concepts Useful to Management When Assessing Risk

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What are two concepts useful to management when assessing risk?


Definitions:

Motivational Process

Involves the psychological mechanisms that drive individuals towards achieving certain goals, driven by needs, desires, and expectations.

Challenges

Difficulties or obstacles that require effort and determination to overcome.

Perceived Inequity

The feeling or belief that the fairness of one's treatment in comparison to others is lacking.

Tension

A mental or emotional strain, often resulting from challenging or demanding circumstances.

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