Answer:
The correct words for the blank spaces are: risk avoidance; risk acceptance.
Explanation:
Risk avoidance refers to not taking any action related to risk. This is the most radical way of avoiding risks and implies missing all chances of obtaining benefits from investing. Risk acceptance requires the analysis of the losses and gains an investment carries. When the potential losses are smaller than the benefits of assuming the investment, it would be rational to go ahead and take the risk. The opposite happens if the potential losses are greater than the potential benefits.
Answer:
The correct answer is letter "D": Plastic surgery.
Explanation:
Services are activities offered to satisfy third parties' needs in exchange for compensation. High-contact services are those that meet uncertain demands and require a certain set of skills. Typically, high-contact services are expensive. <em>Hospital and nursing assistance</em>, <em>legal </em>or <em>financial advice</em> fall into this category.
Answer:
If you would like to start a company with decentralized decision making regarding day-to-day operations, but a central body of managers provides help with branding, training, and even resources and help to set up and operate the business, you might BEST consider A decentralized management structure.
Explanation:
A decentralized management structure is one in which decision-making authority is delegated to the lower level throughout the organization rather than limiting it to a few top executives. Under a strong decentralized organization, the lower level managers and employees have power to make decisions.
With this management structure in place, there is:
- Increased expertise at each division,
- Faster turnaround time in decision making
- Time and cost effectiveness for top level management
- Increased motivation due to mass participation.