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Depending on the Nature of the Risk and the Resources

question 19

Essay

Depending on the nature of the risk and the resources available, an organization can deal with risks in four ways. Identify and explain these four responses to risk.

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Definitions:

Job Characteristics

Attributes of a job that affect an employee's attitudes and behaviors, such as task variety, autonomy, and feedback.

Hindering Job Demands

Tasks or responsibilities at work that can impede an individual's ability to achieve their goals or perform at their best.

Physical

Relating to the body or material things, as opposed to the mind or spirit.

Cognitive

Relating to the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

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