Answer:
The type of risk related to the scenario presented is called Operational Risk
Explanation:
Operational Risks are strongly related to human error and or external events. We know that the car is new. Hence the possibility of a breakdown from a manufacturer or factory defect (given the question) is highly unlikely.
If the car has been fixed 4 times in 6 months, it is very likely that Caroline is not doing something right. E.g.
- She probably doesn't drive too well and has been in one too many accidents or
- Perhaps she drives just well enough to get herself to her intended destinations but is not skilled enough with defensive driving.
Or it just may be that she has been very unlucky with other drivers.
In any case, the error is human-elated and maybe external hence operational risks.
Other examples of operational risks are:
- Accounting errors
- Data entry errors
- It system failure
- Non-reporting errors
- Power failure etc
- Utility downtimes
Besides loss of money as evidenced in the question, other resultant effects of operational risks are:
- Increased Overhead and
- Loss of goodwill reputation
Cheers
The answer is: D. Status. Status refers to the amount of prestige someone has because of his or her social role. This can be determined in two ways:
1) Achieve status - earns the status depending on a person's achievements.
2) Ascribed status - earns the status by their inherited position using the stratification system
well one could be a environmentalist and one could be a kid
Answer:
Option b
Explanation:
Fred in the scenario is demonstrating hindsight bias.
Hindsight bias is also referred as the phenomena of 'knew-it-all-along' and can be defined as the tendency of some people for the perception of the events or over estimation of one's ability to make predictions about the results of any event that could not have been probably predicted.
The hindsight bias might serve as the major cause of the generation of over confidence in an individual about the predictions of the events that can occur in the future.
Consumption of alcohol has been attributed to different reasons by consumers. Attitude and knowledge about the substance and addiction can be influenced by the cultural background of the individual. The tribal population, where alcohol intake is culturally accepted, can have different beliefs and attributes causing one to take alcohol.
