Mark's team is extremely ambitious. Irrespective of tight deadlines, it takes up a high-priority project that required a heavy investment. Eventually, the team is unable to meet the project schedule and the company goes bankrupt. Which self-limiting behavior of Mark's team most likely led the company to bankruptcy? a. Risky shiftb. Groupthinkc. Group-hated. Social loafing

Question

Business

Damari Huang

2 February, 19:38

Mark's team is extremely ambitious. Irrespective of tight deadlines, it takes up a high-priority project that required a heavy investment. Eventually, the team is unable to meet the project schedule and the company goes bankrupt. Which self-limiting behavior of Mark's team most likely led the company to bankruptcy? a. Risky shiftb. Groupthinkc. Group-hated. Social loafing

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Answers (1)

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Steve Cruz · Answer 1

The correct option is - A (Risky shift)

Explanation:

Risk is the product of the probability and impact of an event. In this case A Cyber event.

There are 4 main ways to handle risk: Avoidance, mitigation, transfer and acceptance.

To avoid risk usually means to stop the activity or process which poses that risk. For instance: to avoid the risk of a hacker gaining access to the company through the internet, a company may choose to cut off all connection to the internet.

Avoidance is highly irregular, it will interfere with business processes and usually used as a last resort when the risk cannot be handled in any other way. Avoidance is mostly used by military and government organizations.