How multiple variables can affect risk assessment models

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Reference no: EM13767344

Scenario: For the purposes of this discussion, assume that you have been appointed by the President of the United States to a special advisory commission. As a member of this commission, you each have been charged with the responsibility to set new guidelines for any U.S. corporation doing business in a foreign nation. The goal of the commission is to establish minimum operating standards in a foreign country, so that any U.S. company doing business abroad does not knowingly produce hazards that contribute to the harm of foreign nationals within the host country.

Question: Employing your new found understanding of how multiple variables can affect risk assessment models, describe what steps you will take as a member of the commission to ensure that companies operating abroad have clear guidelines that will prevent or mitigate the potential for harm to human beings. In describing your steps, be specific enough and provide examples that might illustrate what types of hazards and risks might be mitigated or prevented.

Reference no: EM13767344

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