1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zloy xaker [14]
2 years ago
11

What should you do if the severity of risk is low and the frequency of the risk event occurring is high?

Business
1 answer:
borishaifa [10]2 years ago
4 0

If the severity of risk is low and the frequency of the risk event occurring is high thanwe should Avoid the risk.

High Frequency/ High Severity- Risks are almost certain to occur and when they occur impact will be very high. In such a case it is best to use Avoidance as a risk management technique. If avoidance is not possible then prevention and insurance techniques can be considered. High frequency/ Low severity- This more serious risk and occurrence is high but the impact is low. Examples of such risks include workers’ injuries and shoplifting. A common way to manage this type of risk is through Prevention.

Low frequency/ High severity- The impact of these kinds of risks is very high and can bankrupt a business. Insurance is the best technique to manage these risks that have low loss frequency and high loss severity. Low frequency/ Low severity- Retaining and self-insuring the risk. Risk occurrence is low and impact is also very low. In most cases, the costs of managing them outweigh the cost of retaining them.

Learn more about risk frequency here:- brainly.com/question/254161
#SPJ4

You might be interested in
"ned sets up an arrangement where some of his property is managed by a trustee for the benefit of beneficiaries. ned reserves th
Irina18 [472]

I believe the answer is:  An Revocable Living Trust

Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life:   his lifetime, possible incapacitation, and what happens after his death.

8 0
3 years ago
PLEASE HELP!
Leto [7]
Hey there,

Your question states: <span>Which of the following best explains why zoos are not affected by the threat of new entrants?

Based on the option's above, I feel like the answer would be (</span><span>Starting a zoo has a high entry cost.) Because by doing this, this could make to (zoo) in better quality. So when things go down like (a cage) for example, they could easily pay it back with all the extra money they have.

Hope this helps.
~Jurgen</span>
6 0
3 years ago
Read 2 more answers
Kingbird Inc. owns equipment that cost $672,000 and has accumulated depreciation of $174,000. The expected future net cash flows
aev [14]

Answer:

Explanation:

In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset

In mathematically,  

= Book value - fair value

where,

Book value = Equipment cost - accumulated depreciation

                   = $672,000 - $174,000

                   = $498,000

And, the fair value is $384,000

Now put these values to the above formula  

So, the value would equal to

= $498,000 - $384,00

= $114,000

Now the journal entry would be

Loss on impairment A/c Dr $114,000

      To Accumulated depreciation A/c $114,000

(Being the impairment loss is recorded)

4 0
3 years ago
Which of the following scenarios would result in a decrease in the wage rate of solar panel installers and a decrease in the qua
Digiron [165]

Answer:

Wages of solar panel installers increase in another town and attract workers away from Billy's town.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0
3 years ago
For 2012 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 12,000. There wer
jonny [76]

Answer:

$2.50

Explanation:

The Earnings Per Share of a company is determined by using the formula:

EPS= (Net Income of the Company - Dividend to Preferred Shareholders) ÷ Average Outstanding Shares of the Company

Since there is no dividend to preferred shareholders

EPS= Net Income of the Company - ÷ Average Outstanding Shares of the Company

=30000 ÷ 12000

=$2.50

5 0
3 years ago
Other questions:
  • Harry goes to the local Staples store to purchase a laptop computer. He asks many questions of the salesclerk, compares various
    8·1 answer
  • Match each organization with its correct relationship to the government.
    12·2 answers
  • On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that
    15·1 answer
  • Tara westmont, the proprietor of tiptoe shoes, had annual revenues of $205,000, expenses of $113,700, and withdrew $26,000 from
    12·2 answers
  • A convertible debenture can never sell for more than its conversion value or less than its bond value.
    6·1 answer
  • This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sect
    10·1 answer
  • The Summerlin Company reported pretax accounting income on its income statement as follows:
    5·1 answer
  • Hinkle Corporation buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after
    15·1 answer
  • Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-te
    8·1 answer
  • Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!