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1 year ago

The chances of a risk event occurring as a project proceeds through its life cycle tend to?.

Business

1 answer:

Sedbober [7]1 year ago

7 0

The correct answer is Slowly dropped.

<h3>What is the life cycle of the risk management process?</h3>

The risk management process, which consists of these five fundamental components, is used to manage risk. Starting with risk identification, it moves on to risk analysis, prioritization, solution implementation, and risk monitoring.
Operational risk is the danger of suffering losses as a result of poor or ineffective procedures, rules, plans, or circumstances that interfere with business operations.
Risk is the stage where loss or harm occurs due to a lack of correct information, expertise, or experience. This stage can be controlled by using proper Risk management approaches throughout the project life cycle.

The chances of a risk event occurring as a project proceeds through its life cycle tend to:

The correct answer is Slowly dropped.

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You might be interested in

If there are no excess reserves in the banking system and the Fed lowers the required reserve ratio, it follows that banks will

blagie [28]

Answer:

Excess reserves

Explanation:

Money supply in the economy is regulated by the central bank of Federal Reserve through various methods.

One of them is the use of reserve ratio.

Reserve ratio is the percentage of total deposit in a bank that commercial banks are required to keep aside and not use.

If there is no excess reserves and the Fed lowers required reserve ratio, it means banks will now have more money they can use to service customers.

The excess excess of the reserve can now the used to give out loans

3 0

2 years ago

Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c

iogann1982 [59]

Answer:

The answer is "b" - Customization

Explanation:

<u>Product Customization</u> is a process of delivering customized goods and services to the customers as per their needs and desire. Customers can either approach a merchant to make certain customizations in a product or personalize the products themselves, exactly the way they want.

It is also known as product personalisation. This is evident in the given situation, as Lilly Ann can customize the cage according to her own preferences.

<u>Standardization</u>

Product standardization refers to the process of maintaining uniformity and consistency among the different iterations of a particular good or service that are available in different markets.

It is a process of marketing a good or service without making any changes to it
Standardization would be correct, if they brand offers the cage without any changes.

<u>Mass customization:</u>

Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
Other names for mass customization include made-to-order or built-to-order.

<u>Mass production:</u>

Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.
Mass production facilitates the efficient production of a large number of similar products.

<u>Modular design:</u>

Modular design is a design approach that creates things out of independent parts with standard interfaces.
This allows designs to be customized, upgraded, repaired and for parts to be reused.

7 0

2 years ago

A local school administrator observes an increase in the number of flu cases in the public schools over the last two years. She

pshichka [43]

It should be noted that the failure to vaccinate some children isn an external cost. [See the attached graph]
The social cost curve is also indicated accordingly.
From an efficiency perspective, subsidizing vaccines <em>does</em> make sense because, without the subsidy, the equilibrium quantity is <em>less</em> than the socially optimal quantity.
The school nurse suggests publishing a list of which kids did not get a flu vaccine, in the hope that public shaming will lead people to vaccinate their children. The school nurse is hoping that social norms will act like a <em>punishment </em>and lead the market to a<em> socially efficient </em>
The flaws that the school nurse's suggestion have are:

People that feel passionate about not vaccinating are typically doing so for medical or religious reasons and will not sway to social norms or peer pressure. (Option B)

The school would potentially face a lawsuit because sharing protected health information (PHI), like immunization records, without parents' consent could be a violation depending on the regulations of the state. (Option C)

<h3>What is social Cost?</h3>

In neoclassical economics, the social cost is the total of the transaction's private costs plus the costs imposed on consumers as a result of being exposed to the process for which they are not rewarded or taxed.

In other words, it is the total of internal and external expenses.

Learn more about social cost:
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8 0

1 year ago

Select the correct answer from the drop-down menu

iragen [17]

Answer:

What to produce?

Explanation:

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

8 0

2 years ago

What is the main difference between private and government consumer advocacy employers?

sweet [91]

Answer:

Step-by-step explanation:

Explanation:

6 0

3 years ago

Read 2 more answers