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tekilochka [14]
3 years ago
12

Risk identification is determining which risks may adversely affect the development of the project work breakdown structure and

what the impact of each risk might be if it occurs. True False
Business
1 answer:
Andreyy893 years ago
3 0

Answer:

The correct answer is False.

Explanation:

The identification of risks and their subsequent management is one of the most important aspects in order to maintain control of a project. This allows the project manager to anticipate those situations that may compromise (or favor) the objectives, and define action plans for them in advance.

The first step in identifying risks is to define what a risk is. A risk is a known situation, which may or may not occur, and that if it occurs, will affect our ability to meet the objectives of the project (if it is negative it will be a risk, and if it is positive, an opportunity). Here it is important to highlight known, if we cannot define the situation we cannot consider it, and also the fact of being able to occur, which implies that the management of a risk will be affected by its probability of occurrence.

The identification of risks is developed during the planning phase, once we have defined the scope, the people involved in the project, the tasks to be carried out, and the schedule. Having these well-defined aspects is important because the risks must be related to a particular task (or group of tasks), and may arise from aspects related to the team or time.

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James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expen
kvasek [131]

Answer and Explanation:

The computation of the ending cash balance with the help of the cash ledger is presented below:

<u>Cash account </u>

<u>Date   Particulars           Amount            Date    Particulars         AMount </u>

April 1   Beg. Balance    $1,900             April 16  Rent expense   $400

April 3  Service revenue $1,400           April 20 Salaries & wages

                                                                             expense              $150

April 30 Ending balance $2,750

5 0
3 years ago
Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
Rudiy27

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

8 0
3 years ago
A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
DaniilM [7]

Answer:

The current account deficit will increase from 1% to 31% of GDP.

Explanation:

National saving and investment identity helps in understanding the determinants of trade and current account balance. The current account is in balance when the quantity demanded of financial capital is equal to the quantity supplied of financial capital.  

Here, the government saving or surplus and private savings are the supply of financial capital and investment indicates demand for financial capital.

The current account balance is

= Supply of capital - Demand for capital

= (30 + 2)% - 33%

= 32% - 33%

= -1%

So the current account is in deficit by 1% of GDP.  

If the private savings becomes zero, the current account balance will be

= Supply of capital - Demand for capital

= 2% - 33%

= -31%

The current account will be in deficit by 31%.

8 0
3 years ago
Government payments to suppliers are called excise taxes. <br> True<br> or <br> False
Anna71 [15]
The answer to your question is TRUE
3 0
3 years ago
Read 2 more answers
The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. T
castortr0y [4]

Answer:

d) will become an importer of tomatoes.

Explanation:

Consumer surplus would increase because the price at which they buy tomatoes would reduce while producer surplus would reduce because the price of tomatoes would reduce as a result of international trade.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.Because the price of tomatoes in the US is greater than the price of tomatoes in the world, when the US begins international trade, it would import tomatoes because it is inefficient in the production of tomatoes.  

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

4 0
3 years ago
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