Risk That Affects Many Businesses at the Same Time Is

question 15

Multiple Choice

Risk that affects many businesses at the same time is called _____ risk, while risk associated with individual businesses is called _____ risk.

• A) asymmetric; symmetric
• B) symmetric; asymmetric
• C) systematic; idiosyncratic
• D) idiosyncratic; systematic

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Definitions:

Cultures

The shared beliefs, values, norms, and practices that characterize a group of people and guide their understanding and interaction with the world.

Cultural Approach

A methodology in anthropology and sociology focused on understanding how cultures influence individuals' perspectives and behaviors.

Organizational Communication

The study and practice of how information is exchanged and processed within an organizational context to achieve mutual understanding and organizational goals.

Bureaucracy

An organization structure characterized by standardized procedures, hierarchical division of responsibilities, and administrative rules and guidelines.