Risk that are caused by the response to the another risk is known as secondary risk. The first option is correct.
<h3>What are risk?</h3>
Risk refers to the possibility of the danger or harm. For example there is risk involved to change the career. The risk taken can lead to any outcome it can be positive or negative.
There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.
Thus the correct option is Secondary risk.
Learn more about residual risk here:
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Answer:
The correct option is A
Explanation:
The weekly payroll amount to $8,000, which starts from Monday to Friday.
So, per day payroll would be:
Per day payroll = Weekly payroll ÷ Number of Days
= $8,000 ÷ 5
= $1,600
And the December 31, is Wednesday. So, the wages expense will increase for 3 days (that is Monday, Tuesday and Wednesday).
It would amounts to:
= Per day payroll × Number of days
= $1,600 × 3
= $4,800
Answer:
Negative Float on a Partial Path:
c. The project is meeting its expected completion date but a certain activity/ event on that path is not meeting its expected completion date.
Explanation:
Float is the quantification of delays in a project. Negative float means that there is a delay exceeding the intended or allowed float by an ascertainable time. This means that float is about the time when an activity takes longer than originally planned. Some projects have inbuilt standard float which had been computed based on past experience of similar projects, with some allowances made for different expected scenarios.
Answer: True
Explanation:
Once earned, the premium is income for the insurance company. It also represents a liability, as the insurer must provide coverage for claims being made against the policy. Failure to pay the premium may result in the cancellation of the policy. The value of the premiums the company takes in is higher than the value of the payouts it makes and insurance companies earn from short-term investment of the premium money they collect as premiums but the payout or claims of services are made are paid several months later ways .loss is the injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer, in consideration of the premium, has undertaken to indemnify the insured
