In your own words, describe the relationship between information and risk and how this relationship could impact the business decision-making process. ?
What will be an ideal response?
Answers will vary. Although risk is inherent in business, better intelligence and knowledge can lead to better decisions and help reduce the level of risk. When the amount of available information is high, there is less risk; when the amount of available information is low, there is more risk. Since good decisions are based on timely, accurate, and reliable information, risk should be reduced in the decision-making process of business if at all possible.
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A shareholder is permitted to bring suit as a representative of the corporation only if the directors refuse or have a conflict of interest that is likely to keep them from suing.
Answer the following statement true (T) or false (F)
Emotions are ______.
A. not intense enough to disrupt a person’s thinking B. triggered by specific events C. more enduring than moods D. long-lasting
A ______ strategy is an overall corporate strategy for growth, stability, turnaround, and/or retrenchment.
a. master b. grand c. combination d. global
Most people are at the ______ level of moral development.
A. preconventional B. conventional C. postconventional D. multiconventional