Answer:
C. License its technology as rapidly as possible to foreign firms.
Explanation:
When you are expecting other firms or your competitors to follow you or imitate your technology then it is the right time to license your technology so that one cannot use it without permission. This would not only help the firm stabilize and work efficiently as compared to its competitors, but will also be a way of earning big profits as compared to its peers.
Good luck buddy.
Answer:
Risk assessment is one of the steps used in a risk management process. The risk R is assessed by measuring the two parameters that determine it, the magnitude of the possible loss or damage L, and the probability p that said loss or damage will occur. According to ISO 31000, the Risk Assessment actually refers to the Risk Assessment.
Risk assessment is probably the most important step in a risk management process, and also the most difficult and most likely to make mistakes. Once the risks have been identified and evaluated, subsequent steps to prevent them from occurring, protect against them or mitigate their consequences are much more programmatic.
Part of the difficulty in risk management is that measuring the two parameters that determine risk is very difficult, which is why it is said to be a subjective process. The uncertainty associated with the measurement of each of the two parameters (L and p) is usually large. Risk management would also be simpler if it were possible to have a single metric that reflects all available information in the measurement. However, this is not possible, since it is about measuring two quantities. A risk with great magnitude of loss or damage and a low probability of occurrence must be treated differently than a risk with a reduced magnitude of loss or damage and a high probability of occurrence. In theory the two indicated risks have an identical priority for their treatment, but in practice it is quite difficult to manage them when faced with limitations in the available resources, especially time to carry out the risk management process.
Answer:
Mediation
Explanation:
Mediation is the process in which an impartial third party help those involved in a dispute reach an agreement.
Mediation is the process which help the parties to settle at their disputes. The mediator is the one who do meeting with the parties separately or have joint sessions which help him to bring the disputed parties on one point. Mediation involves various steps:
- Mediator introduction
- Disputed parties statements
- Joint meetings and discussion
- Private meetings of mediator with parties
- Converge the parties on single point (Negotiation)
- Sign agreement ( Closing the agreement)
Answer:
taking a physical count of inventory on hand
Explanation:
The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.
Answer:
A. Inelastic
B. a less than 10% increase in quantity supplied
Explanation:
A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.
A supply is inelastic if the price elascitiy is less than 1.
