An Organization Knows That A Risk Exists And Has Decided That The Cost Of Reducing It Is Higher Than (2023)

Social Studies High School


Answer 1

Answer: Risk acceptance


Risk acceptance is defined as tendency of accepting the risk that has been researched and identified by any organization. These organization have the characteristics of not taking any risk management measure to avoid the known risks rather they bear the consequences or effect of that risk.

According to the question,any organization that knows about the risk and calculates that risk avoidance can be of higher cost and thus, they will accept the risk impact. So,they are displaying risk acceptance.

Related Questions

A personal trainer is working with a client who is having trouble performing a single-leg balance on a foam pad. Which of the following balance training modalities is appropriate for this client?


Complete question: A personal trainer is working with a client who is having trouble performing a single-leg balance on a foam pad. Which of the following balance training modalities is appropriate for this client?

Select one:

a. A half foam roll

b. A wobble board

c. Balance disk

d. BOSU ball

Answer: A half foam roll

Explanation: A client who is having difficulty in performing a single-leg balance on a foam pad is expected to establish a perfect balancing on a half foam roll (because of it halved flat level on the surface of the ground).

April, Sam, and Maria all work for a large corporation. They are allowed to arrive for work between 7:30 a.m. and 10:30 a.m. as long as they are at work during the core work period. Their work schedule illustrates:


Question options


-Scientific management

-the humanistic approach

-theory X management




Flextime describes flexible work schedule where workers can choose their work starting hours and closing time so long as they meet they meet "core period" in which they are required to be at work, ex: between 7:30am and 10:30am as described in the example above. This is different from the traditional work schedule where employees are required to work 9am to 5pm each day. Under the flextime arrangement, employees are allowed "flexible time" outside the "core period"so long as they meet required work in bandwidth period during which all hours must be worked for the day, ex: 6am-7:30pm.

In an experiment, participants are often assigned to one of two groups. The _____ condition refers to the group that receives the treatment. The _____ condition refers to the group that does not receive the treatment.1. dependent; independent2. control; placebo3. experimental; control4. double-blind; independent



3. Experimental; Control


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The experimental condition refers to the group that receives the treatment, while the control condition refers to the group that does not receive the treatment.

Using the Ecological Footprint concept and associated information - approximately how many billion people can the earth SUSTAINABLY support at the consumption rates currently being used: by the average person in the world, by the average US citizen, by the citizens of the poorest/least-developed countries of the world respectively?



2, 5, 1.2


  • The ecological footprint is the measure of the human demand which s quantity of the nature it takes to support people or economy and tracked by the ecological accounting system and bio-capacity of the planet.
  • For the average person in the world, it would require about 1.7 earth and for the US as a developed nation it would require about 5.0 earth to live and for the citizens, if the poorest countries it world require about 1.2 earth this is based on the nature of the energy demand and the earth carrying capacity.

The idea that government should be restricted in its lawful uses of power and hence in its ability to deprive people of their liberty is expressed by the term _____


Answer:Limited Government.

Explanation: What Is a Limited Government?

A limited government has restricted power over their citizens or people in the country. In these countries government doesn't have much laws which guides or control how individuals and businesses carry out their businesses. This government is always bound by certain constitutional limitations.

It is governed by political liberalism and free market liberalism.

When Judy's professor failed to recognize that Judy had her hand raised to answer a question, Judy began to think her professor was unfriendly. Judy later learned that the professor's limited vision kept him from seeing her raised hand, but she continued to think he was unfriendly. Judy's reaction BEST illustrates: framing.

a category hierarchy.

confirmation bias.

belief perseverance.



belief perseverance.


Belief perseverance: In psychology, the term belief perseverance is referred to as a tendency of a person to be clingy on his or her earlier belief instead of receiving a piece of other information that leads to display contradictions or disconfirmations of the person's earlier belief.

An individual who is dealing with belief perseverance holds a thinking-pattern that led him to believe that whatever he or she thinks is true and deny or ignores the evidence.

In the question above, Judy's reaction best illustrates the belief perseverance.

Eleven-month-old Jake will look for toys that are hidden. However, if his father hides the toy in a new place while Jake watches him, Jake will look in the original location. Jake's behavior is called _____.



A-not-B error.


A-not-B error is shown by children under the age of one year, which is determined by their ability of object permanence (mental capacity to perceive objects in their mind). This error is reflected in the behavior of infants when an object is repetitively hidden at a particular position (A) but when it is replaced to a new position (B) infant still looks for the object at position (A).

Indicate whether each of the following statements are true or false. The United States signed on to a statement condemning xenophobia.

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The United States has left the United Nations Human Rights Council.

A State Department official disputed whether officials have a duty to condemn racism.

The outgoing UN High Commissioner for Human Rights praised President Trump’s attacks on the press.


It should be noted that the United States signed on to a statement condemning xenophobia. Therefore, it is true.


Xenophobia is the dislike or prejudice against people from other countries. The United States condemned such an act.

The United States has not left the United Nations Human Rights Council. Therefore, it is false.

A State Department official did not dispute whether officials have a duty to condemn racism. Therefore, it is false. State Department condemns racism and says leaders should condemn hate speech.

The outgoing UN High Commissioner for Human Rights did not praise President Trump’s attacks on the press. Therefore, it is false. Zeid Ra'ad al-Hussein characterized the president's attack as a threat to journalists worldwide.

Learn more about xenophobia on:


The United States signed on to a statement condemning xenophobia: TRUE

The United States has left the United Nations Human Rights Council. TRUE

A State Department official disputed whether officials have a duty to condemn racism. FALSE

The outgoing UN High Commissioner for Human Rights praised President Trump’s attacks on the press. FALSE


Trump has signed Congressional Resolution which condemns racism, xenophobia, white supremacy.

The U.S. has withdrawn from the 'UNESCO' and from 'United Nations Human Rights Council' (UNHRC) in 2017 and 2018 respectively.

The deputy assistant secretary is against the use of the words like nationalism, populism, and xenophobia and tore the standard UN documents.

The outgoing 'United Nations' human rights commissioner said that the attacks President Donald Trump has done on the press would provoke violence. He did not praise him.

The magnificent life-size metal sculpture, Head of a Ruler, which is the earliest major work of hollow-cast sculpture known in the ancient Near East, dates from the time of __________.





Sargon the Great, Sargon of Akkad, Great Shar-Gani- Sharri, and Sarru-Kan, meaning "True King" , often identified as the first person to rule over an empire. Sagan is recognized for his conquests of the Sumerian city-states in the 24th to 23rd centuries BC. He conquered all of southern Mesopotamia and parts of Syria, Anatolia, and Elam (western Iran) and had one of the earliest metal sculptures crafted in his name.

Bourgeois or domestic drama consists of plays that deal with middle- or lower-middle-class characters that face problems of the family and the home rather than affairs of state.





Based on the information provided within the question it can be said that the statement is completely true. Bourgeoisie is a French term that refers to a social class of people with a certain cultural or economic standing. Most modernly known as the middle class of a population. Many of which are considered also as home or property owners.

According to Piaget, assimilation involves 1. training children to behave in a socially acceptable manner.
2. interpreting new experiences in terms of one's current understanding.
3. the absorption of nutrients into the body for growth and development.
4. altering existing schemas in order to incorporate new information.
5. resolving social dilemmas in productive ways.



2. interpreting new experiences in terms of one's current understanding.


  • Assimilation is a process that Piaget calls as the children's understanding of the new environment and interpreting than in there own ways as related to the previously held beliefs and assumptions.
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A magazine ad features a picture of a woman walking along a beach on a bright, sunny day with the copy, "Arianne sun screen lotion provides better UV protection than Gisele sun screen." This ad is an example of



Answer is Comparative advertising.


Comparative advertising can be described as a form of advertising where a particular competitor's name is mentioned by the advertiser. This means that, the advertiser , which is the product's manufacturer, is telling the people that their product is superior to that of the competitor.

This type of advertising is allowed under the United States law,if the comparison can be confirmed as truthful and substantially reliable.

In this case, the manufacturer of Arianne sun screen lotion was telling the world that their own product is superior to Gisele sun screen.

Identify which one of the "Rules of the Road to Scientific Knowledge" has been violated. A researcher notices that when more firemen are sent to the scene of a fire, there tends to be more damage from that fire. She therefore theorizes that there is a positive causal relationship between the independent variable number of firemen sent to a fire and her dependent variable amount of fire damage. a. Consider only empirical evidence.
b. Make your theories causal.
c. Avoid normative statements.
d. None of the above.


None of the above violates the "Rules of the Road to Scientific Knowledge".


The "Rules of the Road to Scientific Knowledge" includes the following things such as: The theory should be causal in which there may be covariation or causal relationship. The data that you included in your theory should not drive the theory as a single entity. The theory should be started with the reason and not with the statistical data. The evidences that are collected form the interpretation of the real world which is empirical in nature should be considered.

The statements that are normative in nature should be avoided. two things such as parsimony and generality should be included. In the given example the causal relationship between the number of firemen sent to the scene and the damage are related causally. The observed evidence which is an empirical evidence is presented since the researcher notices the things. Normative statements are not included and hence the given example does not violates the "Rules of the Road to Scientific Knowledge".

A big security problem for organizations is caused by insiders who are employees and legitimate users who purposely or accidentally misuse their access to data and cause some kind of business-affecting incident; information security policies and plans can help defend insider attacks



Answer is first line of defense.


The point of defense to be adopted by any individual or organization when there is security problem is first line of defense.

The first line of defense involve the employers setting policies that will guide against the security problem. This starts by making sure that their employees personally protect all the information they have at their disposal.

Also, the employer can set up electronic securities that can alert, when there is any attempt on their saved information.

These methods can be adopted to guide against the leaking of their information.

Matthew tries to finish the day's most important business by 1:00 P.M., before his brain "runs down." His graduate student Meghna claims that her brain "comes alive" at 10:00 P.M. Matthew may be described as a(n) _____, whereas Meghna is better called a(n) ______.



Lark and Owl


A person who gets up early in the morning is called a lark or morning person. Such a person starts its day early and goes to sleep early. While a person who chooses to stay up until late at night is called Owl person. Owls are unable to sleep for several hours after the normal time. The larks wake up before 6 am while the Owls go to bed around 3 a. m and wakes up by 10 am.

Around 300-250 BC, Artistarchus postulated that all of the planets orbit the Sun, and not Earth. But the snooty-pants philosophers in the Aristotelian school rejected this idea. What arguments did they present in favor of an Earth-centered Universe?

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The heliocentric model was generally rejected by the ancient philosophers for three main reasons:

1) If the Earth is rotating about its axis, and orbiting around the Sun, then the Earth must be in motion. However, we cannot ``feel'' this motion. Nor does this motion give rise to any obvious observational consequences. Hence, the Earth must be stationary.
2) If the Earth is executing a circular orbit around the Sun then the positions of the stars should be slightly different when the Earth is on opposite sides of the Sun. This effect is known as parallax. Since no stellar parallax is observable (at least, with the naked eye), the Earth must be stationary. In order to appreciate the force of this argument, it is important to realize that ancient astronomers did not suppose the stars to be significantly further away from the Earth than the planets. The celestial sphere was assumed to lie just beyond the orbit of Saturn.
3)The geocentric model is far more philosophically attractive than the heliocentric model, since in the former model the Earth occupies a privileged position in the Universe.

The parenting style encourages children to be independent but still places limits and controls on their actions. Extensive verbal give-and-take is allowed, and parents are warm and nurturing toward the child.


Answer:Authoritative parenting

Explanation:Authoritative parenting is a parenting style in which parents are more responsive and have high demands for their children. Authoritative parents listens and pay attention to the emotional needs of their children while they still set high standards. They have limits and they don't stray away from their boundaries so they maintain consistency with their children.

You are babysitting your 2-year-old nephew for the first time. While your back is turned, he touches the pan you just took out of the oven. He pulls his finger away quickly, and a few seconds later begins to scream. Why is his screaming delayed in comparison to his response of pulling away his finger? 1. The finger-withdrawal reflex involves only the spinal cord, so it takes time before the information about pain reaches the brain.
2. It takes longer to sense something than to understand the consequences of an action.
3. His parasympathetic system was activated to arouse him, which stifled his vocal reaction.
4. He knew he would get in trouble if he started screaming so he held it in as long as he could.





Based on the information provided within the question it can be said that the reason for this is that the finger-withdrawal reflex involves only the spinal cord, so it takes time before the information about pain reaches the brain. Since in the human body the signal for touch reaches the brain faster than the signal that indicates pain. Therefore the child felt the hot pan but did not feel the pain for a second or two later.

Chelsea and Miguel disagree about which new healthcare insurance to adopt for their company. Chelsea wants to choose a cost-effective policy as soon as possible, while Miguel wants to ensure that employees do not see a reduction in benefits because of the change. What can you deduce about Chelsea and Miguel from this information?


Answer:Chelsea has a red Motivational Value Sytem; Miguel has a blue Motivational Value System.

Explanation: Motivational Value System is a tool used to define how certain behavior is driven by our sense of self worthy. These behavior tool we also use to eliminate things we don't want. We are driven by the need to fulfill our sense of self worthy

Our MVS system is dependent on Strength Development Inventory (SDI) principle which is used by American model of psychology. SDI allocate individual into major motivation using three colors. Blue colour which represents Altruistic careers , Red which represents go-getting leaders , and Green which represent analytical

Blue ,Miguel is associated with Altruism which refers to someone who does things that will not benefits them but for the sake of benefiting others , it is someone who is selfless who expects nothing in return for their action .

Chelsea is the go getter driven and ambitious to pursue what they want ,and they are fearless individual who will even ask for salary raise from their boss.

Describes the urban political machines of the late nineteenth century



Urban political machines were used for public assistance which was useful in trouble and it was called social service agencies.


Political machines were used by the urban organization for the voting\election purpose for electing the political people.

The political machines were too useful for taking the right decision in Election.

It was handled by the single Boss or the hierarchy of the group.

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An Organization Knows That A Risk Exists And Has Decided That The Cost Of Reducing It Is Higher Than? ›

Risk mitigation is the process of planning for disasters and having a way to lessen negative impacts.

What is the process of reducing the risk called? ›

Risk mitigation is the process of planning for disasters and having a way to lessen negative impacts.

What are the 4 types of risk mitigation? ›

There are four common risk mitigation strategies. These typically include avoidance, reduction, transference, and acceptance.

What is the name given to the process of evaluating risks and minimizing the costs associated with those risks? ›

What Is Risk Analysis? Risk Analysis is a process that helps you to identify and manage potential problems that could undermine key business initiatives or projects.

What is a risk response aimed at reducing impact of risk called? ›

Risk mitigation. After the risk has been identified and assessed, the project team develops a risk mitigation plan, ie a plan to reduce the impact of an unexpected event.

What are the two main types of risk reducing measures? ›

Risk reducing measures include frequency reducing and consequence reducing activities, and their combinations.

Which is the best method or reducing risk? ›

The ideal method of reducing risk is by design rather than procedures, preventive measures, training, and limiting of operation and managerial controls. Risk reduction techniques cover the risk identification, reduction options and their implementation.

What are the three 3 ways in risk reduction? ›

What are the Essential Techniques of Risk Management
  • Avoidance.
  • Retention.
  • Spreading.
  • Loss Prevention and Reduction.
  • Transfer (through Insurance and Contracts)
Jun 22, 2022

What are the 3 types of mitigation? ›

The types of mitigation enumerated by CEQ are compatible with the requirements of the Guidelines; however, as a practical matter, they can be combined to form three general types of mitigation: avoidance, minimization, and compensatory mitigation.

What is another word for risk mitigation? ›

Synonyms of mitigation (noun alleviation) cure. extenuation. moderation.

What are the 5 types of risk assessment? ›

  • Qualitative risk assessment.
  • Quantitative risk assessment.
  • Generic risk assessment.
  • Site-specific risk assessment.
  • Dynamic risk assessment.
Dec 13, 2022

What are the types of risk analysis? ›

There are two main types of risk analysis: qualitative and quantitative risk analysis.

What are the 4 principles of risk reduction? ›

4 key principles
  • Exercise autonomy. The second line should be empowered to pursue an independent agenda. ...
  • Prioritise risk. Digital transformation is making early risk identification, fast assessment and effective prioritisation of operational risk even more essential. ...
  • Early influence. ...
  • Equip the business.
Jun 22, 2021

Which are risk response strategies? ›

There are four main risk response strategies to deal with identified risks: avoiding, transferring, mitigating, and accepting. Each strategy has its own pros and cons depending on the nature, probability, and impact of the risk.

What is the term for a risk response strategy that generally reduces the probability or impact of the event without altering the project's objectives? ›

A risk mitigation plan is a strategy where the project team acts to decrease the probability of occurrence or impact of a threat or negative risk.

What is the most effective method of reducing risk in the workplace? ›

Use the hierarchy of controls to remove or reduce risk in your workplace. It starts with the most effective control method (removing the hazard from your workplace completely) and finishes with the least effective (wearing personal protective equipment/PPE).

What is the most effective risk control? ›

The most effective control measure involves eliminating the hazard and its associated risk. The best way to eliminate a hazard is to not introduce the hazard in the first place. For example, you can eliminate the risk of a fall from height by doing the work at ground level.

What are the 5 risk management process? ›

There are five basic steps that are taken to manage risk; these steps are referred to as the risk management process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.

What are the 4 phases of mitigation? ›

These common elements allow you to prepare for and protect yourself and your animals from disaster. Emergency managers think of disasters as recurring events with four phases: Mitigation, Preparedness, Response, and Recovery.

What is called mitigation? ›

Definition: Mitigation means reducing risk of loss from the occurrence of any undesirable event. This is an important element for any insurance business so as to avoid unnecessary losses. Description: In general, mitigation means to minimize degree of any loss or harm.

What is risk deterrence vs mitigation? ›

Mitigation/Deterrence: Risk mitigation involves the reduction in likelihood or impact of a risk's exposure. Risk deterrence involves putting into place systems and policies to mitigate a risk by protecting against the exploitation of vulnerabilities that cannot be eliminated.

What does mitigation mean in risk? ›


Prioritizing, evaluating, and implementing the appropriate risk-reducing controls/countermeasures recommended from the risk management process.

What is a Type 4 risk assessment? ›

Very similar to type 3 and type 2, a type 4 fire risk assessment checks common areas and flats, but can be destructive. This involves asking a contractor to create openings for inspections to take place on certain fire stopping points inside the premises. The contractor will then repair any damage.

What is the 4 step risk assessment? ›

The air risk staff generally follows a basic four step risk assessment process, including hazard identification, exposure assessment, dose-response assessment, and risk characterization, as described below.

What are the 3 types of risk assessment? ›

For the purpose of this article we will focus on three types of risk assessments:
  • Baseline risk assessments (Baseline HIRA)
  • Issue based risk assessments (Issue based HIRA)
  • Continues risk assessments (Continues HIRA)

How do you evaluate the risk? ›

The evaluation of risk is concerned with issues relating to how those affected by risks perceive them, the value issues underlying the perceived problem and the trade-off between the perceived risks and benefits.

What are the three elements of risk management? ›

Risk assessment should be viewed in the overall context of risk management and seen as one of the three key activities – risk analysis, risk assessment and risk mitigation – which facilitate the taking of decisions and actions to control risk appropriately.

What are the 4 components of risk analysis? ›

(i) hazard identification, (ii) hazard characterization, (iii) exposure assessment, and (iv) risk characterization."

What are the four 4 main sections of a risk assessment? ›

You can do it yourself or appoint a competent person to help you.
  • Identify hazards.
  • Assess the risks.
  • Control the risks.
  • Record your findings.
  • Review the controls.
Apr 24, 2023

What are the 6 types of risk assessment? ›

What Types of Risk Assessments Are There?
  • Quantitative risk assessments. ...
  • Qualitative risk assessments. ...
  • Semi-quantitative risk assessments. ...
  • Asset-based risk assessments. ...
  • Vulnerability-based risk assessments. ...
  • Threat-based risk assessments.
May 22, 2023

What are the four 4 risk strategies or treatment options? ›

There are four main risk management strategies, or risk treatment options:
  • Risk acceptance.
  • Risk transference.
  • Risk avoidance.
  • Risk reduction.
Apr 23, 2021

What are the five main mitigation strategies? ›

Five risk mitigation strategies with examples
  • Assume and accept risk. ...
  • Avoidance of risk. ...
  • Controlling risk. ...
  • Transference of risk. ...
  • Watch and monitor risk.
Mar 10, 2023

What are the 5 areas of mitigation control measures? ›

The 5 Most Important Risk Mitigation Controls
  • Business Impact Analysis. The BIA is one of the most important controls. ...
  • Recovery Strategy. Once you have the results from a good BIA you can use them as the foundation for your second control, the Recovery Strategy. ...
  • Recovery Plan. ...
  • Recovery Exercises. ...
  • Third-party Suppliers.
Jan 25, 2018

What are the 4 steps in creating a mitigation plan? ›

However, regardless of the plan type, the four steps below are core in completing a new HMP or performing a HMP update.
  • Organize the Planning Process and Resources. ...
  • Assess Risks. ...
  • Develop a Mitigation Strategy. ...
  • Adopt and Implement the Plan.

What are the five 5 elements of risk management? ›

There are several ways to categorize an effective risk management process's constituent elements, but at the very least it should incorporate the following risk management components.
  1. Risk Identification. ...
  2. Risk Analysis. ...
  3. Response Planning. ...
  4. Risk Mitigation. ...
  5. Risk Monitoring.
Mar 15, 2021

What are the four risk control goals? ›

Typically, risk management teams break their risk management plans down into four parts. These parts include defining a risk management strategy, identifying and analyzing risks, managing risks through implementing a strategy and forming a contingency plan.

What are the 6 types of mitigation techniques? ›

6 types of mitigation strategies for business
  • Risk acceptance. Risk acceptance is the easiest strategy to implement, as it simply involves the company taking on risk and accepting it. ...
  • Risk avoidance. ...
  • Risk transfer. ...
  • Risk control. ...
  • Risk strategising. ...
  • Risk quantification.
Sep 30, 2022

What is the most commonly used risk mitigation strategy? ›

Risk reduction is the most common strategy because there is usually a way to at least reduce risk. It involves taking countermeasures to decrease the impact of consequences. For example, one form of risk reduction is risk transfer, like that of buying insurance.

What are risk response strategies? ›

There are four main risk response strategies to deal with identified risks: avoiding, transferring, mitigating, and accepting. Each strategy has its own pros and cons depending on the nature, probability, and impact of the risk.

What are examples of risk mitigation plans? ›

Medical offices might have two waiting rooms, one for regular checkups and one for sick patients, to reduce the likelihood that healthy patients might become ill from being in close contact with contagious patients. These are all regular examples of risk mitigation for businesses.

What is an example of risk mitigation? ›

Risk mitigation is an essential business practice of developing plans and taking actions to reduce threats to an organization. The threats to a business operation are numerous. A recent example is a ransomware attack that shut down Colonial Pipeline's fuel distribution system.

What is in a mitigation plan? ›

Risk Assessment – Mitigation plans identify the natural hazards and risks that can impact a community based on historical experience, estimate the potential frequency and magnitude of disasters, and assess potential losses to life and property.


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