For Identified Risks,management

question 4

Multiple Choice

For identified risks,management:

• A)estimates their significance
• B)assesses the likelihood of their occurrence
• C)decides upon actions to manage them
• D)all of the above

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Definitions:

Decision Making

The process of selecting a course of action from multiple alternatives, often critical for resolving problems or achieving goals.

Informal Structures

Informal structures refer to the unofficial relationships and channels of communication that form naturally among employees within an organization, shaping social networks and influencing how work actually gets done.

"In" and "Out" Groups

Social categorizations within teams or organizations where members are either included within a preferred group ("in") or excluded ("out").

Vertical Layers

Layers within an organization that represent different levels of authority and responsibility, from top-level management to frontline workers.