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Risk Management

Risk Management involves the identification and analysis of loss exposures to persons and entities. It also addresses the kinds of actions that may be taken to minimize the financial impact of those risks, such as risk avoidance, risk reduction and risk transfer. This topic should address types of risk (for example, "pure" risk vs. "financial" risk) and should differentiate between personal risk management techniques and commercial risk management techniques. In the latter respects, the topic can dovetail into many issues addressed in the Insurance topic.

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What are principles of seniority?

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Principles of seniority generally prioritize employees based on their length of service within a company, often for purposes such as promotion, job assignment, or layoff decisions. Seniority can help ensure a fair and consistent process for employees, but it may also lead to challenges in ensuring that merit and performance are considered alongside tenure. Seniority can be a key factor in unionized environments where collective bargaining agreements may dictate how it is used.

What are the types of risk behaviours?

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Risk behaviors can be categorized into different types such as substance abuse (drugs, alcohol), risky sexual behavior (unprotected sex), reckless driving, unhealthy eating habits, and physical inactivity. These behaviors can increase the likelihood of negative consequences such as accidents, health problems, and social issues. It is important to address and manage these behaviors to reduce their impact on overall well-being.

What questions do you ask in part five of the crm process to ensure compliance with the guiding principles?

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In part five of the CRM process, you may ask questions related to how effectively the guiding principles are being implemented within the organization. These could include inquiries about training programs, monitoring systems, communication channels, and feedback mechanisms in place to ensure compliance with the guiding principles. It's also important to ask about any challenges or barriers that may be hindering compliance and how they are being addressed.

Ask all what questions as part of step 5 of the crm except?

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"Who" questions should not be asked, as they are typically tied to personal information and may be intrusive for the customer.

Which step in the opsec process requires you to look?

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The step in the OPSEC (Operations Security) process that requires you to look at the information and data you have and determine what adversaries may be able to deduce from it is called "Analysis of Threats." This step involves assessing potential risks and vulnerabilities through the eyes of a potential adversary to better protect critical information.

Ask all of the following questions as part of step 5 of the crm process to ensure compliance witht the guiding principles except?

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"Are you currently using a competitor's product?" is not typically asked as part of step 5 of the CRM process to ensure compliance with guiding principles. Step 5 usually involves gaining commitment from the customer, setting expectations, and confirming the next steps in the sales process.

What is moral risk?

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Moral risk refers to the potential for individuals to alter their behavior based on the knowledge that they are protected from the consequences of their actions. This can lead them to take greater risks or act irresponsibly due to the belief that they will not bear the full burden of negative outcomes.

What is substantial risk of harm?

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Substantial risk of harm refers to a situation where there is a high likelihood that someone's safety or well-being will be seriously threatened or compromised. This term is often used in legal contexts to assess whether intervention is necessary to prevent harm from occurring.

What questions do you ask as step 5 of the CRM process to ensure compliance?

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During step 5 of the CRM process to ensure compliance, you may ask questions like "Have all necessary regulations and guidelines been followed?", "Are there any potential conflicts of interest?", and "Have all relevant documentation and approvals been obtained?" These questions help ensure that the organization is operating within legal and ethical boundaries.

What does the modern accident causation model provide?

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The modern accident causation model provides a more comprehensive understanding of accidents by considering multiple contributing factors beyond just human error, such as organizational, environmental, and systemic factors. It helps identify underlying root causes and systemic issues that can be addressed to prevent future accidents from happening.

How does learning and using the IPDE process help you to be a low risk driver?

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The IPDE process (Identify, Predict, Decide, Execute) helps drivers to anticipate potential hazards, make informed decisions, and execute appropriate driving strategies, reducing the likelihood of being involved in accidents. By practicing this method, drivers can proactively assess road conditions, anticipate the actions of other motorists, and react effectively to potential risks, leading to safer driving habits and decreased risk of incidents.

Which one would be more likely to resort to violence occasional or professional criminal?

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An occasional criminal is more likely to resort to violence due to lack of experience and planning, whereas a professional criminal usually prefers to avoid violence in order to minimize the risk of getting caught and to maintain a lucrative criminal career.

Ask the following questions as part of step 5 of the crm process to ensure compliance?

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  1. Have you obtained explicit consent from the individual to store and use their data?
  2. Are you providing transparency on how the data will be used and stored?
  3. Have you implemented security measures to protect the data from unauthorized access?
  4. Are you allowing individuals to update or delete their data upon request?

What is the credentialing process involves an objective evaluation and documentation of an individuals?

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The credentialing process involves verifying an individual's qualifications, experience, and credentials against established standards or requirements. It typically includes gathering documentation, conducting background checks, and assessing competency to ensure that the individual meets the necessary criteria for a particular profession or position.

What lessons may be learned from david's sin and repetance?

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From David's sin and repentance, we can learn about the consequences of giving in to temptation, the importance of taking responsibility for our actions, and the power of seeking forgiveness and redemption through genuine repentance before God. It teaches us that even those considered "a man after God's own heart" are not immune to sin but can find restoration through true repentance.

What does critcally assess mean?

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Critically assess means to evaluate something by considering its strengths, weaknesses, and overall value. It involves analyzing the information or arguments presented and determining their credibility and reliability.

How does the concept of risk assessment apply to the security survey?

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Risk assessment is crucial in a security survey as it helps identify potential threats and vulnerabilities within a system or environment. By evaluating risks, security professionals can prioritize areas that require mitigation measures to prevent security breaches, theft, or other incidents. This process helps in developing an effective security strategy that addresses the most critical risks first.

What step in the investigative process would fire modeling using incident data be related to?

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Fire modeling using incident data would be related to the analysis step in the investigative process. This involves examining data and evidence to develop insights and conclusions about the fire incident. Fire modeling can help investigators understand factors such as fire behavior, spread, and potential causes.

What are opsec vulnerabilities?

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OPSEC vulnerabilities are weaknesses in operational security that can be exploited by adversaries to gather information, conduct surveillance, or launch attacks. These vulnerabilities can include leaking sensitive information through social media, using unsecured communication channels, or overlooking physical security measures. It is crucial for individuals and organizations to identify and mitigate these vulnerabilities to protect their operations and information.

What structural factors cause prison violence?

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Overcrowding, lack of security measures, inadequate staff training, gang presence, and limited access to resources such as education and mental health services can contribute to prison violence. These factors can create a volatile environment that increases the likelihood of conflicts between inmates escalating into violence.

Why should the risk of the security not be evaluated in isolation?

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Evaluating the risk of security in isolation may result in overlooking interdependencies between different aspects of security. Security risks are often interconnected, so assessing them in silos can lead to a fragmented view of overall security posture. A holistic approach that considers the broader security context is necessary to identify and address vulnerabilities comprehensively.

Nims The credentialing process involves an objective evaluation and documentation of an individual's?

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qualifications, experience, and skills to ensure they meet the specific requirements for a particular role or profession. This process helps to establish an individual's credibility, expertise, and competence in their field.

Impact of Risk behavior?

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Risk behavior can have negative consequences on individual health and well-being, leading to physical injuries, mental health issues, and increased susceptibility to diseases. It can also have broader societal impacts by contributing to social problems, such as crime, substance abuse, and healthcare costs. Engaging in risk behaviors can impair decision-making abilities and lead to long-term consequences that may affect relationships, work, and overall quality of life.

What are three factors that increase the effectiveness of punishment?

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Three factors that can increase the effectiveness of punishment are: 1) consistency in applying the punishment when the undesired behavior occurs, 2) ensuring the punishment is meaningful and related to the behavior, and 3) providing feedback and guidance on how to correct the behavior to prevent its recurrence.

What is country risk analysis?

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Asked by Wiki User

Hi there,

there are many types of risk - market risk, credit risk, liquidity risk, operational risk, concentration risk...

Country Risk is when the major factor affecting something is the territory or geography (as opposed to market conditions (market risk) or any of the other factors mentioned above).