Question

Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health and safety, union relations, whistleblowers, and harassment, is an example of managing ________.

A. financial risk
B. compliance risk
C. operational risk
D. strategic risk

Answer 1

Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health and safety, union relations, whistleblowers, and harassment, is an example of managing compliance risk.

Step-by-step explanation:

Thinking through the ramifications of an employment-related decision in terms of legal risk, particularly in the areas of diversity, health and safety, union relations, whistleblowers, and harassment, is an example of managing compliance risk.

Compliance risk refers to the potential for an organization to violate laws, regulations, or standards. In this case, considering the legal implications of the decision related to diversity, health and safety, union relations, whistleblowers, and harassment is essential to ensure compliance with relevant laws and regulations.

For example, failing to address harassment complaints or neglecting workplace safety regulations can result in legal action, fines, and damage to a company's reputation. Therefore, managing compliance risk is crucial to ensure legal and ethical behavior in an organization.