1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BARSIC [14]
2 years ago
10

How can you reduce your risk? never risk more than you can afford to lose?

Business
1 answer:
KiRa [710]2 years ago
6 0
Risk is the possibility of not getting expected result of something. So there is risk for everything. So without getting risk you can do nothing. But there are some ways to reduce the risk. 
01. Take the risk.
This is most suitable for the people who love risk. This is  the option with highest risk.
02. Manage risk
In this, risk taker calculate the possible risk and find ways to reduce that risk. When you managing your risk, you should have to measure possible risk in the future. 
03. Shifting risk
This option is the way that mostly use in currently. By shifting your risk, you shift your risk to another party like 'Insurance Company'. Than if the risk is happened the other party will take that risk for you. But there is some cost. So before shifting that risk you should know that risk is more worth than the cost.
04.Avoid risk  
Like I mentioned before there is nothing without risk. But  there is only one way to fully avoid the risk. That is not doing the thing that give you the risk. That is the only way.
So, those are ways of handling the risk. As mentioned in the equation don't ever risk more than you can handle unless that risk is more worth than that. Because that risk could give you opportunities that you cannot ever get in your life. But you can mange that risk.
So, what is your opinion? What is the best way of handling the risk?       <span />
You might be interested in
During 2017, Ziplock Manufacturing expected Job No. 89 to cost $700,000 in overhead, $1,000,000 in direct materials, and $500,00
irga5000 [103]

Answer:

a. not able to be determined from the provided information.

Explanation:

For determining the over applied or under applied, first, we have to compute the predetermined rate based on the direct material cost which is  

= $700,000 ÷ $1,000,000

= $0.70

Now the applied overhead is  

= $0.70 × $1,200,000

= $840,000

And, the actual overhead amount is not given by which we can find out the underapplied or overapplied overhead amount

So, in this case, the correct option is a.

7 0
3 years ago
On August 1, Steffen Computers, Inc. purchased thirty computer chips on account from a company located in Taiwan for 520,000 Tai
Vsevolod [243]

Answer:

(C) debit to Foreign-Currency Transaction Loss-$1040

Explanation:

Foreign currency related Financial assets and financial liabilities are usually revalued with any difference as a result of the exchange rates posted as a gain or loss in the income statement.

On transaction date, cost of assets

= 520000 * $0.034

On payment date, the amount paid

= 520000 * $0.036

The amount paid is higher than the liability recorded before hence the difference is recognized as a loss on foreign exchange.

= 520000 * $0.036 - 520000 * $0.034

= $1040

4 0
3 years ago
__________, a privacy tort, is closely related to defamation and occurs when publicity about a person creates an impression abou
NemiM [27]

Answer:

False Light

Explanation:

Hope this helps :)

5 0
3 years ago
When changing from the average cost method to FIFO, the company: rev: 11_13_2020_QC_CS-240633 Multiple Choice Revises comparativ
Nata [24]

Answer:

my number is 678-918-5374

Explanation:

3 0
3 years ago
Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Aleonysh [2.5K]

Answer:

Yes this could be counted as GDP

Explanation:

6 0
2 years ago
Other questions:
  • 01:42:59 Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working w
    11·2 answers
  • Perfect Stampers makes and sells aftermarket hub caps. The variable cost for each hub cap is $4.75, and the hub cap sells for $9
    15·2 answers
  • As the owner of a services business, you are constantly challenged to maintain consistent quality in your services. this heterog
    5·1 answer
  • The current yield on Google's common stock is 4.8%. The company just paid a $2.10 dividend. The rumor is that the dividend will
    12·1 answer
  • Which of the following is correct?
    15·1 answer
  • In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang
    14·2 answers
  • The ledger of American Company has the following work in process account. Work in Process—Painting 5/1 Balance 3,790 5/31 Transf
    15·1 answer
  • The short run is defined as A. a period of time of five years or less. B. the period of time in which all factors of production
    15·1 answer
  • As a business owner, how do you allocate your resources properly?
    6·1 answer
  • Ski ABC Company manufactured too many ski jackets, overestimating the quantity retailers would purchase. So Ski ABC has offered
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!