Describe the four ways that a company can manage risk
What will be an ideal response?
Companies can accept risk, transfer risk, reduce risk, and/or avoid risk. Accepting the risk can be done through default or by choice. Transferring risk can be achieved by taking out insurance. Reducing risk is achieved through diversification and loss-prevention techniques. Avoiding risk can be accomplished by not accepting a potentially hazardous job.
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The definition of a(n) ________ is similar to marketing research, except that a(n) ________ provides information continuously rather than on the basis of ad hoc research studies
A) marketing information system (MIS); MIS B) management information system (MIS); MIS C) decision support system (DSS); DSS D) none of the above
HR audits typically review a firm's recruiting, testing, and training methods to ensure compliance with government and organization regulations
Indicate whether this statement is true or false.