Shared Flashcard Set

Details

2.7
Na
29
Business
11th Grade
03/26/2013

Additional Business Flashcards

 


 

Cards

Term
Risk
Definition
The potential for loss or failure
Term
Human Risk
Definition
Illness, Death, Loss of employee
Term
Reputational Risk
Definition
loss of confidence
Term
Procedural Risk
Definition
Failures of accountability, internal systems or controls
Term
Project Risk
Definition
Going over budget, not being on time
Term
Financial Risk
Definition
Business failure, market fluctuations
Term
Technological Risk
Definition
Advances in technology, or tech failure
Term
Natural Risk
Definition
Natural disasters
Term
Political Risk
Definition
Changes in tax or legal matters
Term
Structural Risk
Definition
Dangerous chemicals, poor lighting
Term
Perceptions
Definition
An attitude or understanding
Term
Emotions
Definition
A strong feeling
Term
Known Information
Definition
Generally recognized information
Term
Time
Definition
Potential negative outcome
Term
Physical Distance
Definition
Is the risk nearby or far away
Term
Personal Distance
Definition
Will the risk affect my family or friends
Term
Cost vs. Benefit
Definition
Looking at which is greater
Term
Probability
Definition
The ability to tell what may come next
Term
Magnitude
Definition
How large is the impact of the risk
Term
Ethics
Definition
Guidelines for human behavior
Term
Ethical Behavior
Definition
Knowing the difference between right and wrong
Term
Code of Ethics
Definition
A set of rules that show what is acceptable and what is not
Term
Commitment
Definition
The desire to stay with a project
Term
Competency
Definition
Ability to gather and eval. Information
Term
Ethical Dilemmas
Definition
Dilemmas that are contradictory towards the code of ethics and can get you fired
Term
Tolerance
Definition
The capacity to accept
Term
Ambiguity
Definition
Words or phrases with a double meaning
Term
Operational Risk
Definition
Disruption
Term
Consciousness
Definition
Awareness of your surroundings
Supporting users have an ad free experience!