<span>Risk management is a
systematic process where its objectives are to identify, to assess, and to control
risks. These risks arise from operational factors and making decisions that
maintains the balance between risk costs with the mission benefits. The correct
steps are the following: First, the risk must be identified. This means that
the team must first uncover, recognize and describe the risks that might
possibly affect the project or its outcomes. Second, the risk will then be
analyzed. It is in this step that the
team must consider the consequences of each risk according to the nature of the
risk. The potential to affect project
goals will also be identified. Third, evaluation and ranking of risks will take
place. The magnitude of the risks will be part in the decision-making whether
they are acceptable or whether they are serious enough to warrant treatment.
Fourth, the risk must be treated. This is also known as the Risk Response Planning. The highest ranked risks must be identified and
plans must be made to treat or modify these so that the desirable risk levels
will be attained. Lastly, the risks
shall then be monitored and reviewed. In
this way, all the uncertainties, unpleasant surprises and barriers will be
fully monitored and if the team is determined, golden opportunities will
instead be achieved. </span>
Answer:
Private industrial network.
Explanation:
Private industrial network are basically web based networks that manage all kinds of interaction between various companies from the manufacturer all the way to the end-consumer.
Answer:
To assess the market potential for up-and-coming businesses
Explanation:
Knowledge in entrepreneurship will give you to ability to understand a couple of things:
- The types of products that currently desired by the market.
- The strength and weaknesses of several business models
- The knowledge on how to scale business operations
Even though investors do not own their own business, understanding all this will help them understand which companies are most likely to succeed. They can put their investments on those companies and maximize the amount of return that they can get from their investment.
It depends what the setences are
Answer:
35,000 units
Explanation:
Data provided in the question:
Selling price = $2.00 per pair
Variable cost per unit = $1.70
Mason's total fixed costs = $10,500
Now,
Break even in units = ( Fixed cost ) ÷ ( Contribution per unit )
Also,
Contribution per unit = Selling price per unit - Variable cost per unit
= $2.00 - $1.70
= $0.30
thus,
Break even in units = $10,500 ÷ $0.30
= 35,000 units