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3 years ago

What do of the terms “frequent, likely, occasional, seldom, and unlikely” describe in the risk assessment matrix?

1 answer:

4 0

Frequent, likely, occasional, seldom, and unlikely are the five categories of probability in the Risk Assessment Matrix which means the likeliness that an adverse or critical event will occur. The purpose of Risk Assessment Matrix is to estimate the degree of severity and probability for each hazard.

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In an eight-hour day Nicolas can catch 24 pounds of fish or he can repair 15 cars. In an eight-hour day Alejandro can catch 27 p

Roman55 [17]

Answer:

Explanation:

Here Nicolas will gain comparative advantage only when he is selling the good he is specializing in and he would specialize in that good which would have lower opportunity cost for him. So the first step that we have to do here is to find out for which good Nicolas will have lower opportunity cost.

For Nicolas who in 8 hours can either catch 24 pound of fish or repair 15 cars,

the opportunity cost for catching 1 fish is = 15/24 = .625

the opportunity cost for repairing 1 car is = 24/15 = 1.6

So from the above observation we can say that for Nicolas catching fish has lower opportunity cost for him , so he should specialize in catching fish.

Therefore the term of trade for Nicolas would be

1 fish = .625 cars ,

if he can catch and sell 100 units worth of fish then he would have to give up 62.5 cars and then only he will gain from trade,

1 x 100 fish = .625 x 100

100 fish = 62.5 cars.

8 0

3 years ago

Read 2 more answers

Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San

mylen [45]

C 5 tables for mike and 1/3 table for sandy

3 0

3 years ago

You own a portfolio that is 31 percent invested in Stock X, 46 percent in Stock Y, and 23 percent in Stock Z. The expected retur

MrRa [10]

Answer: 13.53%

Explanation:

The expected return on the portfolio will be calculated by multiplying the investment in each stock by the expected return of the stocks. This will be:

= (31% × 11%) + (46% × 14%) + (23% ×16%)

= 3.41% + 6.44% + 3.68%

= 13.53%

6 0

3 years ago

Absent any exaggeration, supply chain professionals could boast how crucial their role is in satisfying B2B and B2C customers al

const2013 [10]

Answer:

True, but it applies to everyone in the organization.

Explanation:

Modern companies can only be successful if every single employee works as a team member, since competition keeps increasing and customers' expectations keep rising.

Every single role within an organization is important. Can supply chain professionals distribute a product that doesn't exist (wasn't manufactured on time)? Could they distribute a product that no one wants to buy (marketing and sales are extremely important also)? Could anyone work if the finance department couldn't do its job and there was no money in the company?

We tend to believe that what we do is extremely important and difficult to do, and other people have it easier because their are simpler than ours. But that is just nonsense. Once I heard a quarterback talking about who was the most important player in a football team, and his answer really surprised me, "Quarterbacks fill stadiums, but defenses earn championships". On a team no one is more important, the chain breaks on its weakest link.

7 0

3 years ago

If Second National Bank has more rate-sensitive liabilities than rate-sensitive assets, it can reduce interest-rate risk with a

Contact [7]

Answer: Pay fixed rate while receiving floating rate.

Explanation:

According to the given question, If the second national bank contain more rate of liabilities as compared to the rate of asset in any organization then it basically reducing the risk of the interest rate by using the technique swapping with paying some fixed amount of rate at the time of receiving the floating rate.

The process of fixed to floating swap is one of the contractual process between any two types of companies or members so that they can swap their cash flow system.

Therefore, The given answer is correct.

3 0

3 years ago