The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
<h3>
What is Risk management?</h3>
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.
By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.
To learn more about Risk management refer to:
brainly.com/question/4678268
#SPJ4
Answer:
d. substitution bias.
Explanation:
Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.
A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.
Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.
level of differentiation across the firm's offerings
Answer: Option C.
<u>Explanation:</u>
Differentiation are the differences that a firm might offer to his customers and clients. These differences make the firms different from each other which exist in the market.
More different and innovative practices that a firm has compared to the competitors, more successful it would be in the market and would have more customers attracted towards it because of the innovation and the differentiation.
Answer:
The answer your looking for is option A - Process costing would be appropriate for a jeweler who makes custom jewelry to order.
Answer:
Designing systems, scheduling projects, and supervising workers is the correct answer.
Explanation:
