Brown's Risk Taxonomy Includes Four Major Categories: Financial, Operational, Strategic

question 45

Essay

Brown's risk taxonomy includes four major categories: financial, operational, strategic and hazard. In your own words, differentiate the four types; give an example of each type that relates directly to Top Notch T-Shirt Printing. Do not list the subcategories for each major category.

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Definitions:

Strikebreaking

Strikebreaking refers to actions taken to disrupt or undermine the effectiveness of a strike by workers, often involving the hiring of replacement workers.

Last-resort Measure

An action taken only after all other options or solutions have been exhausted or deemed ineffective.