Which of the following steps would help decrease business risks?

Question

Quizplus · Accepted Answer

Making specific plans and arrangements to deal with foreseeable events helps decrease business risks by anticipating and mitigating potential problems before they occur. This could include creating emergency plans, having backup systems in place, and acquiring insurance.

Answer: B, C, and D are all incorrect choices.

B) Assuming employees will follow basic workplace etiquettes without a written code of conduct is a risky assumption. Without clear guidelines, employees may not fully understand what is expected of them, which could lead to inefficiencies, conflicts, and other problems.

C) Ensuring employees have easy access to valuable assets is also a potential risk, as it increases the likelihood of theft, misuse, or damage. Instead, businesses should implement strict security measures to control access to valuable assets and minimize the risk of loss.

D) Having separate codes of conduct for employees at different tiers of the management is also not the best choice, as it can create confusion and inconsistent standards. Businesses should aim to have a consistent code of conduct that applies to all employees, regardless of their position or level of authority.

Which of the Following Steps Would Help Decrease Business Risks