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Irina18 [472]
3 years ago
13

In risk management,what does risk evaluation involves?

Business
2 answers:
OverLord2011 [107]3 years ago
7 0

Answer:

Explanation

Risk evaluation is the identification of risks in an organisation by the management through a framework put in a place by them. In risk evaluation, the focus is to identify what constitutes risk for the business and make a qualitative and quantitative analysis of the risk, with the intention of managing those risks within the risk appetite of the organisation. Without risk evaluation, risk management will not be possible, because there will be no way for management to determine the risks inherent in their operation and how they can control them based on benefits and control involved.

sweet [91]3 years ago
3 0

Risk evaluation involves rating the risks that may happen based on the likelihood of them happening. Risk evaluation also involves rating these potential happenings based on the impact they could have on the business. Evaluating risk is a step in the creative process of risk management.

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Fabian’s factory produces and sells computers and gaming consoles. Over time, he determined that he could produce gaming console
Alona [7]

Answer:

D. Opportunity cost.

Explanation:

  • Based on the question, the only information we have to know what led Fabian's decission is the fact that it is <u>more profitable for him to produce gaming consoles than computer systems.</u>
  • Then, for him, it is costly to produce computer systems in terms of the earnings he would set aside if he does not produce gaming consoles (because he is producing  computer systems instead).
  • Then, the opportunity cost of producing computer systems it is high: he could be earning more by producing gaming consoles.
  • Then, based on the opportunity cost, he decides to produce only gaming consoles.
6 0
3 years ago
Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her em
Nikolay [14]

Answer:

$3,800

Explanation:

The computation of the after-tax benefit is shown below:

= Annual dinner club membership cost - annual dinner club membership cost × her marginal tax rate

= $5,000 - $5,000 × 24%

= $5,000 - $1,200

= $3,800

We simply deduct her tax expense from the annual dinner club membership cost so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Mcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product I49V
Pavel [41]

Answer:

c

Explanation:

3 0
3 years ago
"Discuss the financial and operational implications for airlines as they try to offer the newest technology services?"
Oksana_A [137]

Answer with Explanation:

The introducing of newest technology would definitely have financial and operational implications. These implications are given as under:

Financial implications

  • Cost Reduction: The operational costs would be reduced by investing in the newest technology which will make the cash flow position better with time.
  • Benefits Lost Risk: It is possible that the investment might not bring value to the company because of any emergent problems, whose mitigation requires incurring of additional costs.
  • Cost Advantage: The lower operational cost can drive higher sales because the company will be charging lower fare prices to its customer thus giving Cost Advantage.
  • Investing in newest technology might not bring value to the company because it is not attracting potential customers but it might pay off later in the form of developed customer loyalty.

Operational implications

  • Implementing a newest technology might improve the operational processes through which the customer go through, which would increase the customer satisfaction.
  • Implementation problems of newest technology.
  • Long term Customer retention will easy for the airline company due increased customer satisfaction.
  • Operational efficiencies related to services will process the customer fastly saving the companies precious time wasted in these process thus reducing the future human resource cost.
  • Using robots might bring adverse marketing because the people might think that the human resource are no more required and risks associated with the acceptance of technology due to cultural differences.
  • Better Security systems would increase the security level and safety levels for the customers.
7 0
2 years ago
During the period 1990–1998 there were 46 atlantic hurricanes, of which 19 struck the united states. during the period 1999–2006
Gelneren [198K]

Answer:

Option C is correct.

Explanation:

7 0
3 years ago
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