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What is meant by risk treatment?

Risk treatment refers to the process of selecting and implementing measures to mitigate identified risks within an organization. This can involve avoiding the risk, reducing its impact or likelihood, transferring it to another party (such as through insurance), or accepting it when the costs of mitigation are higher than the risk itself. The goal is to minimize potential negative effects on objectives while maximizing opportunities. Effective risk treatment requires ongoing assessment and adjustment as circumstances change.


What is the difference in salary between a lead and a manager in a typical organization?

In a typical organization, a lead usually earns a lower salary than a manager. Managers typically have more responsibilities and higher levels of authority, which results in a higher salary compared to leads.


Low risk takers implement change that has a minimal impact on the organization?

There are a number of ways to look at this. Those who are high risk takers could be looking at short-term gains, where low risk takers may be more concerned about long-term goals and objectives that increase an organizations longevity, stability, and survivability. Again, high risk takers can often be looking at personal interests rather than organizational interests. In other words, at times you have individuals who are new to an organization, or new to a particular position within the organization. Therefore, they may feel compelled to take a high risk to show they are making a positive difference and to leave their mark (so to speak). However, many times what pops up from this type of thinking is the law of unintended circumstances, and negative results arise where the organization is hurt as well as the employees. I'm am not saying this always occurs, and not fostering the notion that a high risk taker is a bad risk taker. Still, this is why organizations need to consider skilled project management personnel, and those who are good critical thinkers as well as skilled in the area of risk management. There are always risks if you want to gain and keep the competitive edge. The question is, is it a reasonable risk?


Is a vp higher than a director?

Yes VP is higher than director


Is the CEO higher than the President?

Yes CEO is higher than the president

Related Questions

Do girls in basketball have a higher risk of getting a concussion than boys?

Anyone, boy or girl is able to get a concussion. However, girls have a higher risk than boys.


Companies that have higher risk than a competitor in the same industry will generally have?

a higher cost of funds than its competitors


What company's have a risk higher than 3?

motor macanhices


Why do junk bonds give a higher return than most corporate bonds?

Yes, but with much higher risk.


Which organization level is higher than cell in human body?

Tissue: a collection of cells.


What is a cumulitive risk?

In my opinion, A cumulitive risk is very simply a risk that can add to and does build upon other similar risk to produce a risk factor that is substantially higher than if the one risk factor is presented on its own.


Why are youths charged a higher fee for car insurance?

Because they are a higher risk, because they have a higher percentage of accidents than more experienced drivers.


One security has a greater risk than another security how will investors respond?

They will require a higher rate of return for the investment that has greater risk


I have poor credit, is it still possible to get personal loans without paying a ton of interest?

Loans, in general, are based on risk. The higher the risk, the higher the interest rate. You'll be able to get a loan, but the rate will be higher than if you had better credit.


What is a dominant portfolio?

Dominant Portfolio is part of the efficient frontier in modern porfolio theory. If a portfolio has a higher expected return than another portfolio with the same level of risk, a lower level of expected risk than another portfolio with equal expected return or a higher expected return and lower expected risk than the the portfolio is dominant.


What are the main ibs symptoms?

The main ibs symptoms are a higher than normal temperature and lack of appetite. If someone is suffering from that they should see a doctor immediately.


Are tanning beds safe?

Yes but they do pose a slightly higher cancer risk than the sun.