If the severity of risk is low and the frequency of the risk event occurring is high thanwe should Avoid the risk.
High Frequency/ High Severity- Risks are almost certain to occur and when they occur impact will be very high. In such a case it is best to use Avoidance as a risk management technique. If avoidance is not possible then prevention and insurance techniques can be considered. High frequency/ Low severity- This more serious risk and occurrence is high but the impact is low. Examples of such risks include workers’ injuries and shoplifting. A common way to manage this type of risk is through Prevention.
Low frequency/ High severity- The impact of these kinds of risks is very high and can bankrupt a business. Insurance is the best technique to manage these risks that have low loss frequency and high loss severity. Low frequency/ Low severity- Retaining and self-insuring the risk. Risk occurrence is low and impact is also very low. In most cases, the costs of managing them outweigh the cost of retaining them.
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Answer:
c. decrease monthly output to 200 board feet.
Explanation:
If the firm wants to maximize profit it should decrease monthly output to 200 board feet demand by doing so , vital rate will ultimately increase the cost of the product and shift them to the profit. The correct answer is C.
Answer: Hello your question is incomplete below is the complete question
answer :
1) attached below
2a) Increases by $25,176
Explanation:
1) Attached below is the contribution format income statement
<u>2a) Determine by how much the net operating income will change </u>
monthly advertising increment = $25,000
Assumed increase in division's sales = 16%
first step : determine increment in contribution margin of west division
= 313,600 * 0.16 = 50,176
change in net operating income = 50176 - monthly advert increment
= 50176 - 25,000 = $25,176 ( increases )
False
Credit Bureau supplies ratings based off of prior credit history. Companies / banks decide if you are worthy of loans based off of these ratings.
Answer:
The correct answer is B. benchmarking.
Explanation:
Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.
It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area we want to improve and study their strategies, methods and techniques for post