The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
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What is Risk management?</h3>
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.
By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.
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Answer:When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.
Answer: D. the procyclical behavior of labor productivity occurs due to firms' labor hoarding practices.
Explanation:
Keynesian Economists argue that firms practice labor hoarding which is the practice of keeping workers when they should not such as when there is a Recession. They should not keep these workers because demand has slowed so keeping them means that they will not be producing to meet the demand.
The procyclical behavior of labor productivity means that labor productivity goes by the Business Cycle in that it is high when the Economy is booming and low when it is in a Recession.
Productivity is calculated by dividing goods produced by the number of labor producing them.
By refusing to fire workers during a Recession, there will be too many workers producing too few goods which will decrease labor productivity which is why according to Keynesian Economists, the productivity is low in Recessions.
Answer:
$23,153
Explanation:
Given that,
Current annual sales = $350,000
Net profit margin = 6%
Sales are expected to increase by 5% annually.
Sales two years from now:
= Sales in year 0 × (1 + Growth of year 1) × (1 + Growth of year 2)
= $350,000 × (1 + 5%) × (1 + 5%)
= $350,000 × 1.05 × 1.05
= $385,875
Profit margin = 6% of sales two years from now
= 0.06 × $385,875
= $23,153
CPI is the Consumer Price Index.
CPI is one of the most used statistics.
In 1960 : CPI 29.3 --------------100 %
In 2017 : CPI 255 --------------- x %
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29.3 : 255 = 100 : x
29.3 x = 25,500
x = 25,500 : 29.3
x = 870.3 %
For $1 million in 1960 there is $8.703 million in 2017.
Answer: The movie star earned $8.703 million in 2017.
