Term
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Definition
| The potential for loss or failure |
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Term
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Definition
| from illness, death, injury, or other loss of a key individual |
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Term
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Definition
| From disruption to supplies and operations, loss of access to essential assets, or failures in distribution. |
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Term
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Definition
| from loss of customer or employee confidence, or damage to market reputation |
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Term
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Definition
| from failures of accountability, internal systems and controls; or from fraud |
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Term
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Definition
| from going over budget, taking too long on key tasks, or experiencing issues with product or service quality. |
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Term
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Definition
| from business failure, stock market fluctuations, interest rate changes, or non-availability of funding. |
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Term
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Definition
| from advances in technology, or from technical failure. |
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Term
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Definition
| from weather, natural disasters, or disease |
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Term
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Definition
| from changes in tax, public opinion, government policy, or foreign influence |
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Term
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Definition
| from dangerous chemicals, pooer lighting, falling boxes, or any situation where staff, products,or technology can be harmed. |
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Term
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Definition
| An attitude or understanding based on what is observed or thought |
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Term
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Definition
| A strong feeling about somebody or something |
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Term
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Definition
| generally recognized knowledge, acquired or supplies about something or somebody, that is proven to be something. |
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Term
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Definition
| is the potential negative outcome related to the risk going to occur now or sometime in the future |
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Term
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Definition
| is the risk nearby or is it far away. |
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Term
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Definition
| will the risk affect me or my family |
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Term
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Definition
| looking at which is greater, the benefit derived from taking the risk, or the costs associated with either reducing it or remedying its effect. |
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Term
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Definition
| is the risk in question a rare event, or something that is likely to occur. |
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Term
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Definition
| is the resulting affect of taking the risk likely to be large or small. |
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Term
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Definition
| guidelines for human behavior; the study of moral choices and values; choosing between right and wrong. |
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Term
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Definition
| knowing the difference between right and wrong and consciously choosing to do right |
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Term
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Definition
| a systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture. |
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Term
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Definition
| the desire to do the right thing regardless of the cost |
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Term
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Definition
| awareness to act consistently and apply moral convictions to daily behavior. |
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Term
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Definition
| ability to collect and evaluate information, develop alternatives, and foresee potential consequences. |
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Term
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Definition
| arise when responsibilities and loyalties conflict - a decision about the appropriate (ethical) course of action must be made |
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Term
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Definition
| The capacity to accept deviation from the norm. |
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Term
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Definition
| Words or phrases with either a double meaning or a doubtful meaning. |
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