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3 years ago

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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In an effort to increase customer loyalty, management at Phat International has worked to create a personaldialogue with their c

IRISSAK [1]

Answer: Relationship Marketing

Explanation:

Relationship marketing is a form of marketing where a business tries to create a lasting bond with their customers, done by constant communication with their customers to get feedback of their products/ services.

Phat International is making use of dialogue with their customers to create more loyal customers which is a form of relationship marketing.

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3 years ago

Which of the following is an example of a negative externality?a. bad weather reduces the size of the wheat cropb. a reduction i

wlad13 [49]

Answer: Negative externality is defined as the cost that is incurred by a individual who isn't involved in the economic transaction.

In the above question, the following is the example of negative externality: smoking harms the health of nonsmokers who are nearby.

Here, the cost is incurred by the nonsmokers who are standing nearby individuals who prefer smoking. Thus creating negative externality.

Therefore, the correct option is (c)

7 0

3 years ago

At a large department store, the number of years of employment for a cashier is a normally distributed variable with a mean of 5

Yakvenalex [24]

Answer:

0.0084

Explanation:

For this probability problem, we will have to make use of the normal probability distribution table.

to use the table, we will have to compute a certain value

z = (x- mean) /Standard deviation

z = $\frac{(10 - 5.7)}{1.8}$ = 2.39

Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.

To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column.

This gives us 0.99916

Thus we have P (Z < 2.39) = 0.9916

We subtract the value obtained from the table from 1 to get the probability required.

1 - 0.9916 = 0.0084

The Probability that the employee has worked at the store for over 10 years = 0.0084

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3 years ago

The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $3,900 Current asse

Ratling [72]

Answer:

$2,896 is needed

Explanation:

external financing needed = net income - working capital needs - capital expenditures + retained earnings

net income = $1,560 x 1.2 = $1,872
working capital needs = ($4,700 x 1.2) - ($860 x 1.2) = $5,640 - $1,032 = $4,608
capital expenditures = fixed assets x 20% = $940
retained earnings = $1,560 x 50% = $780

external financing needed = $1,872 - $4,608 - $940 + $780 = -$2,896

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3 years ago

Costs incurred regardless of the number of units of a product that are produced or sold are called:

Tema [17]

C. Fixed Costs. Fixed costs are incurred regardless of the number of units of a product are produced or sold on a given period. Fixed costs are expenses incurred and remain unchanged within a relevant period. These costs are fixed in relation to the quantity of production for a certain period.

4 0

3 years ago

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