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3 years ago

What is a guiding principle of composite risk management?

Business

1 answer:

xxMikexx [17]3 years ago

7 0

Explanation:

The basic principle for the risk management are as follows -

1. Do not accept unnecessary risk - unnecessary risk comes without commensurate benefits. Only absolutely necessary while Missions must be undertaken while exposing personnel and resources to the lowest possible risk.

2. Make decisions at appropriate levels to establish clear accountability, which means those responsible for success or failure must be involved in the risk decision making.

3. Accept risks when benefits outweigh the costs.

4. Integrate operational risk management (ORM) into operations and planning at all levels.

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One way for high school students to explore their interests is to:

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Based on the options given, the answer is d.get involved in extracurricular activities.
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3 years ago

Read 2 more answers

A co-worker who has to leave work early to deal with a personal matter asks that you complete some time-sensitive paperwork and

stich3 [128]

Answer:

intervene and tell the supervisor you had assumed responsibility for the paperwork and forgot

Explanation:

The golden rule is based on a principle of reciprocity and it states that one should treat others the way they want to be treated.

Different religions overtime have the same principle embedded in their doctrines.

In the given scenario where a coworker told you to compete some work for him before leaving and you failed to do so, when the coworker is being reprimanded you should take responsibility for the paperwork and say you forgot.

This is only fair on your coworker seeing it wasn't his fault the work was not done.

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2 years ago

The following information applies to the questions displayed below.

Alika [10]

Find the given attachment

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3 years ago

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Answer:

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Explanation:

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3 years ago

Which of the following is an assumption of the decision-making process followed by consumers to maximize utility? rev: 04_09_201

kari74 [83]

Answer:

The correct answer is: The consumer considers the prices of the products.

Explanation:

When taking the decision regarding how to maximize utility the consumers will consider the prices of the products. The consumer will be able to maximize utility at the point where the marginal utility of money spent on each commodity is equal.

We can represent it as,

$\frac{MU\ of\ good\ A}{Price\ of\ good\ A} = \frac{MU\ of\ good\ B}{Price\ of\ good\ B}$

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3 years ago