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What are ethical dilemmas in risk vocabulary?
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Ethical dilemmas are situations in which a difficult choice must be made between two or more morally acceptable courses of action, or a choice between equally undesirable alternatives.
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Describe regulatory constraints.
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Regulatory constraints are restrictions imposed by laws or regulations that may limit the operations or decisions of organizations.
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Define systemic vulnerabilities.
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Systemic vulnerabilities are weaknesses in a system that can lead to widespread issues if exploited or left unresolved.
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What are unintended repercussions?
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Unintended repercussions are outcomes that are not foreseen or intended, often resulting from an action or decision.
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Explain cybersecurity breaches.
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Cybersecurity breaches occur when unauthorized access to data or systems results in data loss, theft, or damage.
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What is market viability?
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Market viability refers to the potential of a product or service to succeed in a particular market, including demand and competition.
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Describe growth potential.
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Growth potential is the ability of a company, product, or market to increase in size or value over time.
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Define sustainable development.
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Sustainable development involves meeting the needs of the present without compromising the ability of future generations to meet their own needs.
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What is competitive advantage?
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Competitive advantage is a condition or circumstance that puts a company in a favorable or superior business position.
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What does scalability mean in business?
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In business, scalability refers to the ability to grow or expand efficiently and effectively as demand increases.
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Define ethical compliance.
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Ethical compliance is adhering to moral and ethical guidelines within an organization, often enforced through codes of conduct.
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What are risk mitigation strategies?
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Risk mitigation strategies involve identifying, assessing, and prioritizing risks, and taking steps to reduce the impact or likelihood of those risks.
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What do data privacy regulations entail?
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Data privacy regulations involve legal standards and guidelines for protecting personal information and data from unauthorized access or use.
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Explain corporate social responsibility.
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Corporate social responsibility is a company's commitment to manage its social, environmental, and economic effects responsibly and ethically.
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What is policy implementation?
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Policy implementation is the process of putting policies into action and ensuring they are followed through effectively within a system.
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