University of Glamorgan

And finally...

1. What is "risk"?

A function of three things (next button)

Likelihood of hazard occuring

Likelihood hazard leads to loss

Value of the loss


2. What are the two components of risk management?

Risk assessment

Risk control


3. What factors might affect whether you adopt a Theory X, Y or Z style?

Your staff

Organisational culture

Your task

Time pressures


4. In your opinion, which of the management approaches mentioned are most prevalent in Western society?





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