<span>P. Step 1: Define the Problem. Why do you have to make a choice?
A. Step 2: List the Alternatives.
C. Step 3: Determine the Criteria (rules for evaluating or testing options)
E. Step 4: Evaluate the alternatives.
<span>D. Step 5: Make the Decision.</span></span>
<span>The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.</span>
Answer:
creates a shortage
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage
Effects of a price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
Structural unemployment can be caused by all of the following except fluctuations in the business cycle.
<h3>
What is Structural unemployment ?</h3>
Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.
Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs. Structural unemployed is caused by changes in the economy, such as deindustrialization, which leaves some unemployed workers unable to find work in new industries with different skill requirements.
This type of unemployment happens because though jobs are available, there's a mismatch between what companies need and what available workers offer.
For example, employees who produce a specialty clothing product that suddenly is no longer a trend might lose their position producing this specific product, causing structural unemployment.
To learn more about Structural unemployment , refer
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Answer:
The correct answer is B. False.
Explanation:
Operational risk is understood (concept that includes legal risk and excludes strategic and reputational risk), the risk of losses resulting from the lack of adaptation or failures in internal processes, the performance of personnel or systems or those that are the product of external events. The objective of operational risk management is the identification, evaluation, monitoring, control and mitigation of this risk.
Given that the effective management of this risk helps to prevent future losses arising from operational events, the entity not only manages the operational risk inherent in current products, activities, processes and systems, but also that corresponding to new products, start of activities, setting in progress of processes or systems prior to its launch or implementation.
