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lord [1]
2 years ago
9

The degree of risk is associated with the probability or magnitude of loss.

Business
1 answer:
pochemuha2 years ago
4 0

The degree of risk is associated with the probability or magnitude of loss. The given statement is true.

The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.

Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.

Learn more about probability here

brainly.com/question/24756209

#SPJ4

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What is the current standard used in law enforcement for compressing fingerprint images?
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8 0
4 years ago
QS 23-11 Sell or process further LO A1 A company has already incurred $5,200 of costs in producing 6,100 units of Product XY. Pr
andrew-mc [135]

Answer:

It is more profitable to sell te products as-is.

Explanation:

Giving the following information:

Sell as-is:

Selling price= $31

Continue processing:

Selling price= $35

Unitary incremental cost= $8

Units= 6,100

<u>The firsts $5,200 is a sunk cost, this means that the cost will remain the same in both options. It is irrelevant to the decision-making process.</u>

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Continue processing:

Effect on income= 6,100*(35-8)= $164,700

It is more profitable to sell te products as-is.

5 0
4 years ago
The human resource manager at Creative Minds Inc. has just calculated that the employee absenteeism rate for 2017 is 18 percent
vredina [299]

Answer:

a. Wait until 2018 and see what the turnover rate is at the end of that year

Explanation:

Absenteeism is an employee’s intentional or habitual absence from work. Employee turnover is the number or percentage of employees who leave the workplace during a specific period of time.

(b) By dealing with possible employee work overloads, the human resource manager can help reduce the stress, pressure and burden felt by employees in the workplace.

(c) By identifying causes of job dissatisfaction, the manager can understand how to make work interesting and have more satisfied and motivated employees. The same consequences can be achieved by adjusting job design (d).

(e) By identifying possible employee role conflicts, negative tension and problems can be solved. There would also be the possibility for new friendships and social cliques to be formed.

All of these measures would lead to solutions that would reduce absenteeism and turnover.

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8 0
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Alpha Corporation and Beta Corporation have just purchased identical pieces of equipment. Each firm estimates that the equipment
Firdavs [7]

Answer:

B) Alpha’s net income will be lower that Beta’s during the fourth year of the equipment’s service life.

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4 years ago
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