When developing a risk response, the risk is termed as <u>Transferring</u> when it is transferred to a different party rather than changed.
Responding to hazards entails developing alternatives and strategies for reducing undesirable risks and enhancing desirable ones. Two essential components are response plans and contingency planning.
Three Steps to Risk Response development are:
The first step is: Prevent.
When you choose to avoid risk, all possibility that it may hurt your company is completely erased.
The second: is a risk reduction strategy.
If the danger is just a little bit higher than your tolerance and degree of hunger, the reduction is an excellent strategy for bringing it within acceptable ranges.
The third: is a Risk management strategy
instead of eliminating or lowering the possibility that it will happen, transfers, delegates, or distributes the responsibility of the risk to a third party.
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Answer:
$20 million
Explanation:
The gross domestic product is the total production of final and legal goods and services produced within country during a specific period (usually a year).
All the automobiles produced by Quality Motors were manufactured in the US during 2007, so they should all be accounted for in the GDP of 2007.
GDP = consumption + investment + government + exports - imports
$12 million fall under consumption, $6 million under exports and $2 million under investments
Answer:
Net income= 561,506.25
Explanation:
Giving the following information:
sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575.
Tax= 35 percent
We need to determine the net income.
Sales= 1,670,000
COGS= (810,800)
Gross profit= 859,200
Depresiation= (175,000)
Interest= (89,575)
EBT= 594,625
Tax= (594,625*0.35)= (208,118.75)
Depreciation= 175,000
Net income= 561,506.25
<span>Theresa drank 5 ounces of wine which is equal with one standard drink.
</span>The standard drink is defined as: 5 ounces of table wine, 12 ounces of beer, 1.5 ounces of distilled spirits (e.g., vodka, whiskey), 8-9 ounces of malt liquors or 3.3 ounces of champagne. Standard drinks are introduced in order to measure and define <span>Alcohol By Volume (ABV).
So, the amount of wine Theresa drank (5 ounces of wine) has about as much alcohol as the amount that is in </span><span>12 ounces of beer, or 1.5 ounces of distilled spirits (e.g., vodka, whiskey), or 8-9 ounces of malt liquors or 3.3 ounces of champagne. </span>
Answer: It is a No problem gift.
The first type of no-problem gift is personal property.
on which you did not claim Section 179 expensing,
that is not listed property, and
that would not produce a deductible tax loss if sold by you.
Explanation: