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What Are the Two Functions of Risk Mitigation? List and Describe

question 18

Essay

What are the two functions of risk mitigation? List and describe the three most common risk mitigation strategies. What are the benefits and risks of adopting each of these strategies for a small company? How would these benefits and risks be different for a large company?


Definitions:

Nonverbal Communication

Communication without the use of spoken language, involving gestures, body language, facial expressions, and eye contact.

Appearance

The way that someone or something looks or seems to others.

First Impression

The initial perception or judgment formed about someone or something based on the first encounter, which can significantly influence subsequent attitudes and behaviors.

Verbal Communication

The conveyance of information or ideas through spoken words and sounds.

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