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3 years ago

In risk management, removing the source of a risk is called:

Business

1 answer:

ZanzabumX [31]3 years ago

3 0

Answer:

Risk avoidance

Explanation:

Risk avoidance is a threat management strategy. The strategy involves making adjustments to the original project plans so that the risk triggering events are eliminated. Although the strategy may not work in all projects, it is the most effective way of preventing risks.

Risk avoidance does not mean abandoning projects that have risks. It entails a deliberate and well-thought approach to reduce vulnerabilities that pose a threat to the project.

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A(n) __________ is one that appears to be an agreement but lacks an essential requirement for validity and enforceability. Multi

Iteru [2.4K]

A document that purports to be an agreement but does not include all necessary terms is known as a void contract. Therefore, choice 3 is right.

<h3>What do you mean by a contract?</h3>

A contract is defined as a commitment to do something between two or more parties. A loan arrangement between automobile purchasers and sellers is an illustration of a contract.

An arrangement between two persons to get married is an example of a contract.

A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract.

Hence, the correct option is Void contract to be filled in given blank

Learn more about contracts:

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3 0

2 years ago

A monopoly is considering selling several units of a homogeneous product as a single package. a typical consumer's demand for th

just olya [345]

Answer:

A. 15 units

B. $130

Explanation:

In order to solve this, we need to use the profit maximization condition for monopoly.

MR = MC will give us the optimal quantity and price for the monopolist.

The consumer's demand for the product is:

Qd = 80 - 0.5P

Therefore, we have:

P = (80 / 0.5) - (Qd / 0.5)

P = 160 - 2Qd

Recall that, Total Revenue:

TR = P * Q

So, in this case TR = 160Q - 2Q^2

MR = d(TR) / dQ = 160 - 4Q

Now, MR = MC

160 - 4Q = 100

4Q = 160 - 100

4Q = 60

Q = 60 / 4

Q = 15 units.

Now, P =160 - 2Q

P = 160 - 2(15)

P = 160 - 30 = 130

The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.

7 0

3 years ago

Carter Corporation made sales of $ 825 million during 2018. Of this amount, Carter collected cash for $ 710 million. The compa

salantis [7]

Answer:

Part (a) The net income of carter is $115 million.

Part (b) The closing cash balance at the end of year is $360.

Explanation:

Part (a) Net Income Computation:

Sales $825

Cost of goods sold ($290)

Gross Profit $535

Other Expenses ($425)

Net income $115 Million

Part (b) The cash balance of Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.

Opening Cash position $290

Collection from Sales $710

Inventory Invoices paid ($350)

For Everything ($290)

Closing Cash balance $360

4 0

3 years ago

Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Schengen's management has cont

Julli [10]

Answer:

Volume variance $1,320 Favorable

Explanation:

The fixed overhead volume variance is the difference between the actual and budgeted production unit multiplied by the standard fixed production overhead cost per unit.

Standard fixed overhead cost per unit = $11×6 = 116

Units

Budgeted units 375

Actual units 395

Volume variance 20

Standard fixed overhead cost × $66

Volume variance  $1,320 Favorable

3 0

3 years ago

YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in subsidized loans and another $19,000 in unsubs

Delvig [45]

Answer:

a) 14.43% , The amount is reasonable

b) Pay as you go

c) Yashari should should prioritize paying the Loan instalment before saving for the emergency fund

d) Standard repayment plan

Explanation:

Yashari Monthly take-home pay = $1850

a) Determine the % of her paycheck goes toward student loans if she chooses standard repayment

Rate of interest = 4.30%

hence % of her paycheck that goes toward student loan = 14.43%

The repayment amount = $32035. which is very reasonable as well

b) what plan that has the longest repayment period

PAYE ( pay as you earn ) has the longest repayment period

c) prioritizing between her emergency fund goal and student loan

Yashari should should prioritize paying the Loan instalment before saving for the emergency fund because of the penalties that comes with loan defaulting

d) Yashari should select the Standard repayment plan because the final amount paid using this plan is lower

4 0

2 years ago