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3 years ago

What is pure risk? HELLPPP PLEASE

Business

2 answers:

Colt1911 [192]3 years ago

6 0

Answer:

Pure risk

Explanation:

To the best of knowledge, will it is a situation one finds him/herself in and doesn't know how to solve the issue but has only one possible outcome if it truly happens; which could be danger.

kozerog [31]3 years ago

6 0

Answer:

Pure risk is a risk that every company runs and that is beyond human control, such as fire, floods, gales, earthquakes, among others.

Explanation:

Pure risk is a risk that every company runs and that is beyond human control, such as fire, floods, gales, earthquakes, among others. These risks are those in which there is no possibility of profit for the company, that is, their consequences will always be negative. This is the case, for example, with accidents.

Assessing the chance of an event occurring and its possible consequences is essential to establish a prevention strategy that prioritizes the most likely or potentially most serious risks.

It will tell you what measures need to be taken to avoid the problem, in addition to helping to establish emergency plans. It can also be used, for example, to assess the need to take out insurance to cover possible losses.

In order for this classification of priority risks to be carried out, the risk analysis must use criteria for the classification and classification of events.

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Fixed cost refers to: Group of answer choices the consideration exchanged for the ownership or use of a good or service. total e

Goryan [66]

Answer:

Expenses that are stable and do not change with the quantity of products that is produced and sold

Explanation:

Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.

In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.

Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.

5 0

3 years ago

Qualities of useful accounting information

Bad White [126]

Answer:

Understandability.

Relevance.

Consistency.

Comparability.

Reliability.

Objectivity.

6 0

3 years ago

I'll give brainliest!!! Which descriptions offer examples of Governance workers? Check all that apply.

Vlad1618 [11]

Answer:

A, B, and E

Explanation:

3 0

3 years ago

Read 2 more answers

Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpki

valkas [14]

Answer: Option (B) is correct.

Explanation:

Correct option: Decreasing marginal product.

Marginal product is the change in the level of output, when there will be an extra input employed in the production of a certain commodity.

So, Marginal Product = $\frac{change\ in\ Q}{Change\ in\ I}$

Where,

Q = Output

I = Input

Marginal product of 1st bag = 500

Marginal product of 2nd bag = $\frac{800-500}{2-1}$ = 300

Marginal product of 3rd bag = $\frac{900-800}{3-2}$ = 100

∴ From the above calculations, we can seen that as we employed one more bag of seeds as a result marginal product goes on diminishing.

Hence, Joan's production function exhibits decreasing marginal product.

3 0

4 years ago

Your younger sister needs $50 to buy a new bike. She has opened a lemonade stand to make the money she needs. She currently is c

AleksandrR [38]

The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases. </u>

In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. <u>This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicke</u>r, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.

5 0

3 years ago