4.2 & 4.3 Flashcards
1
Q
What are some types of risk?
A
Financial, Economic, Health and safety, Human resources, Production
2
Q
What is the process to analyse risk?
A
Identify - Analyse - Decide - Manage - Monitor
3
Q
What are three attitudes to risk?
A
Risk-Averse, Risk-Reducing, Risk-Keen
4
Q
What are the four areas affected by legal obligations?
A
Finance (reporting), Human resources (wages and hiring), Marketing (misinformation and faults) and Production (health and safety)
