When choosing between alternatives, it may be desirable to conduct a risk analysis, especially where rapid change can occur. If this is the case, which of the following factors may need to be taken into account?
A) Changes in society
B) Changes in the economy
C) Changes in technology
D) Changes in the workplace
E) All of these responses are correct.

Question

Quizplus · Accepted Answer

All of these factors may have an impact on the level of risk associated with each alternative. Changes in society can impact consumer preferences, while changes in the economy can affect demand and pricing. Changes in technology may provide new opportunities or disrupt existing industries, while changes in the workplace can impact productivity and employee retention. Conducting a risk analysis that takes into account all of these factors can help to identify the most viable and sustainable option.

When Choosing Between Alternatives, It May Be Desirable to Conduct