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JulsSmile [24]
3 years ago
8

Which activity relates to the strategy of transferring risk

Business
2 answers:
Travka [436]3 years ago
4 0

Answer:

A. Brainstorming with staff

Explanation:

Risk transfer is a risk management strategy that is not used very often, and tends to be more common in projects where there are several parties. Basically, you transfer the impact and risk management to someone else. For example, you have a third party hired to write your software code, you can then transfer the risk of possible errors in the code to the third party. He will be responsible for managing that risk.

Transfers are usually formalized in project contracts. Insurance is another good example. If transportation of equipment is part of your project and the vehicle was involved in an accident, the insurance company will be responsible for providing new equipment to replace any damaged one. The project team recognizes that the accident can happen, but will not be responsible for handling replacement kits, or paying for damages, as it is now the responsibility of the insurance company.

As team consent is essential for risk transfer to be effective within a company, team brainstorming is an activity related to risk transfer. This is because through the group brainstoming to debate solutions to a problem, how to avoid them and who will be responsible for them.

julia-pushkina [17]3 years ago
3 0

Risk transferring refers to taking risk or risk that may occur from one party and moving it to another. If there was a chance risk may occur, conducing a 'what if' analysis will allow the organization to see what may happen if they do or do not transfer risk to another party.

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Explanation:

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Answer:

C. Transportation managers choose modes of transportation based only on cost

Explanation:

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The fundamentals of supply chain management are best summed up as a strategic collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

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Basically, in supply chain management, transportation plays a significant part in the movement of goods or services from the point of production to the end users or consumers.

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6 0
3 years ago
Last year, while an economy was in a recession, government spending was $595 billion and government revenue was $505 billion. Ec
Nadya [2.5K]

Answer:

The correct answer is option b and option e.

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In recession, the government spending was $595 billion and government revenue was $505 billion.

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So, the government has a non–cyclically adjusted budget deficit of $90 billion and a cyclically adjusted budget deficit of $5 billion.

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Answer:

Explanation:

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Answer:

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This classification is necessary to draw attention of stakeholder that cash required to settle the obligation within the next financial year.

In order to further emphasize point it is raised again under the footnotes to the annual report such that stakeholders that are versed in finance can it written in words.

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