Answer:
custom-built to address the specific requirements of a business
Explanation:
Answer:
(b). dependency and hedging.
Explanation:
In the management of risk, four common approaches for reducing risk are;
i. <em>Avoidance</em>: Especially if a risk involved in the management of a resource (or project) poses or presents a negative consequence, the best way to manage the risk simply avoid it by making sure it doesn't happen. This can be by cancelling a project or restructuring it.
ii. <em>Adaptation</em>: Another way of managing the risk associated with a resource (human or non-human resource) is to control the risk either by increasing resilience or reducing vulnerability. This is called adaptation.
iii. <em>Dependency: </em>This means accepting the risk since every project or business has inherently in it some risk associated. Dealing with it might be a way out especially knowing that there might be some experience to be gained in order to tackle similar situation in the future.
iv. <em>Hedging: </em>This means transferring the risk to some other business or organization. An example might be to get an insurance to manage this risk. In this case, the risk is transferred to the insurance company.
Answer:
It is an object. And this is because an object has the data and procedures that defines how it is going to react when it is going to be activated. The data is the details about the object, and it explains what the object actually is. And the procedures are the details of the functions that the particular objects can perform. Like for a hospital, data can be mentioning list of medication services they provide, and procedure can be like registering for any medication service, the complete process.
Explanation:
The answer is self explanatory.
