All categories

2 years ago

Provide realistic examples of each of the risk response strategies for both negative and positive risks

1 answer:

5 0

A positive risk response produces provides positive strategies to achieve a positive goal while a negative risk response provides negative strategies to achieve a negative goal. There are four ways four strategies that produces a response risk; enhance, exploit, accept and share. The type of response risk will vary in the accept part.

An example of a positive risk is when you are given a project in class and you are to finish it in four months. Being a hardworking person that you are, you wanted to finish it in one month and so you find methods to compress your time schedule and achieve your goal.

Let us take the example from the above mentioned before for an example of a negative risk. So instead of four months, since you do not like working or the fact that maybe you don't like the project, you passed your project in six months. What you just did is lounge around the corner and did nothing to just improve the project.

You might be interested in

Country A can produce, at most, 50 olives or 25 pickles, or some combination of olives and pickles such as the 30 olives and 10

Fudgin [204]

Answer:

There is no basis for trade, as both country has the same opportunity cost. It will not produce benefit from trade

Explanation:

We will check if there is a comparative advantage between country's to know if there is benefit from trade:

Country A

olives opportunity cost:

25/50 = 1/2 = 0.50

Do an olive means renounce to half-unit of pickles

pickes opportunity cost:

50/25 = 2

Do a pickle cost 2 olives for country A

Country B

olives opportunity cost:

65/130 = 1/2 = 0.5

Do an olive means renounce to half-unit of pickles

pickles:

130/65 = 2

each pickle is produce at the expense of 2 olives

7 0

2 years ago

Which of the following is not a true statement about business plan

drek231 [11]

Answer:

They should NEVER be revised

Hope this helps have a good day.....

4 0

2 years ago

Mr. Wilcox has been enrolled in Lexington PFFS Medicare Advantage Health Plan (Lexington) for several years. Recently, Mr. Wilco

GuDViN [60]

Answer:

a. Lexington can allow for Mr. Wilcox’s continued enrolment for up to 12 months whether or not he is in a visitor/traveller (V/T) program.

Explanation:

Private - Fee - For - Similar Plans is much similar like the original medicare plans. This is provided through a private health insurance company.

In the given instance, Mr. Wilcox plans to relocate near his children, who live in some other state.

As he will move to another service area, he shall simply not be disabled to claim the benefits of PFFS. Further, the insurance company can still cover him for another 12 months, even if he does not choose to visit the current service area as traveller in upcoming 12 months.

7 0

2 years ago

Krizum industries makes heavy construction equipment. the standard for a particular crane calls for 24 direct labor-hours at $16

wlad13 [49]

A labor rate variance equal to zero would mean that the standard labor rate is equal to the actual labor rate which is $16 per direct labor-hour. To recall, the formula for labor efficiency variance is:

Labor efficiency variance = (AH - SH) × SR

Where,

AH = actual number of hours worked = unkown

SH = standard number of hours worked = 850 cranes * 24 hours per crane = 20,400 hours

SR = standard labor rate = $16

Substituting the known values to the equation:

$8,800 = [AH – 20,400 hours] * $16 per hour

$8,800 = [AH - 20,400 hours] * $16 per hour

$8,800 = (AH * $16 per hour) – ($326,400)

AH * $16 per hour = $326,400 + $8,800

AH * $16 per hour = $335,200

AH = $335,200 / $16 per hour

AH = 20,950 hours

7 0

3 years ago

Jim agreed to show Donna's car to a potential buyer. Donna was not able to be home since she had to attend a meeting. After show

ddd [48]

Answer:

The option (a) is correct

Explanation:

The statement that is correct is the first option which says since Jim is a gratuitous agent, he will only be responsible for the loss of the car if his conduct amount to gross negligence.

Gross negligence: refers to awareness or carelessness in reckless ignorance for the protection or lives of others and properties which is so great that it is visible to be a conscious violation of other people's rights to safety.

In this case Jim will be held responsible for the Donna's car been stolen if he was conscious of what he did by leaving the keys in the car deliberately even when it to get stolen.

5 0

2 years ago