ance Risk monitoring None of the choices
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A: As statistical quality control is used widely in production or manufacturing companies, Sometimes to…
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A: Small Introduction about Risk in Business Trade chance alludes to a company's or organization's…
Q: 12. A management technique developed by Kurt Lewin, a pioneer in the field of social sciences, for…
A: 1. Histogram- Histogram is the representation of a numerical data in approximate form. It consists…
Q: What will happen if the organization is confident that it can predict demand with 100% accuracy?
A: If an association is confident that it can anticipate demand with 100% precision, it will have the…
Q: Perkins Company has been experiencing lost sales and high returns recently, so they decided to…
A: The company should go for quality program regardless of any other considerations. According to…
Q: balanced scorecard
A: Scorecards provide a snapshot of an organization's current success in relation to its…
Q: select two of the identified risks of lazada and purpose solution for each of the risk using…
A: he PDCA of Chipotle is given below: Plan- Innovation needs to be planned by the company to improve…
Q: Lily believed that a prospective insured's building might be considered a highly protected risk.…
A: A highly protected risk is insurance that states that the risk can be controlled and managed by…
Q: Once you have overdesigned your product, you need to do a ________ to match the needs and…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What other real-world factors might be important to consider in designing the simulation and making…
A: Simulation functions are used for preparation and corrections of mistakes in a timely manner.
Q: What are the advanatges and limitations of using each Quantitaive Risk Assessments such as Bayesian…
A: Oil refineries are a source of major potential hazards. There can be multidimentional consequences…
Q: An information will be having predictive value if it can assist to: a. Predict the past b. Predict…
A: Financial information is helpful if it has predictive value and confirmatory value. Predictive value…
Q: Discuss grain facility explosions as a case study of workplace safety and rule making: Which ideas…
A: Grain dust is highly inflammable when it combine with other substances. The grain dust components…
Q: Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and…
A: a) A hurricane on the U.S. East Coast floods a regional warehouse destroying aa large amount of…
Q: A financial organization is interested to develop an attendance system for its employees in a 6…
A: These processes can vary from user to user :
Q: Very Favorable Market Unfavorable Average Market $180,000 Alternatives Market $250,000 Build new…
A: Maximax criteria are the criteria in which the best payoff of each decision alternative is…
Q: Kind Sicherheit is a manufacturer of childcare safety products, primarily car seats and strollers.…
A: Risk management refers to the process of finding, analyzing and controlling the possible threats to…
Q: 6. From taking care of risk perspective what should be done if the Impact of risk is high and…
A: Impact and probability or likelihood are the two main components of Risk analysis. Looking at impact…
Q: A perfectly cometitive firm is likely to have its elasticity value a). be in the inelastic range b).…
A: Elasticity is a concept in economics that estimates the degree of responsiveness of one economic…
Q: Ali has a restaurant where the customers use a different number of disposable cups each day he is…
A: Ali has a restaurant where the customers use a different number of disposable cups each day he is…
Q: A test will likely suffer low _______ validity if the control and treatment groups significantly…
A: In scientific research design and experiments, validity refers to scientifically answering the…
Q: As the acceptable level of detection risk decreases, the auditor may do one or moreof the following…
A: 4) Assurances provided by audit procedures at a lower level
Q: For each of the following risks, A. state the appropriate method you would use to respond to the…
A: Risk management is essential to deal with any kind of risk that may occur in a process or an entire…
Q: The purpose of a Business Impact Analysis (BIA) is to determine: Choose the correct answer? The…
A: Business impact analysis (BIA) refers to the process that allow business to identify critical…
Q: {Auditing} 4. Audit risk may be considered as the product of Inherent risk, control risk and…
A: Audit risk = Control risk x Detection risk x Inherent risk Inherent risk is the risk of a material…
Q: A. Being a consumer of cookies, what are the qualities do you consider before buying the cookies at…
A: The main qualities of a good cookie are its crispiness, softness, spread, and chewiness.
Q: snip
A: Business impact analysis and bricolage both require improvisation, but bricolage requires more…
Q: Explain to Mr. Ferdinand two ways in which he can benefit from doing forecast for his beef.
A: Forecasting is a method that is used on historical data as inputs to make the estimates that are…
Q: . Non programmed decision deals with unusual or exceptional situation. (True/ False)
A: This statement is :
Q: The state-of-nature probabilities are P(S₁) = 0.35, P(S₂) = 0.35, and P(S3) = 0.30. a. Use a…
A: A decision tree is a diagram that shows all of the possible outcomes of a decision and the…
Q: Discuss the fundamental principles of professional ethics which Ms. Christen had failed to observe…
A: Fundamental principles of ethics are the basic guidelines which helps or guides an employee in any…
Q: Due to the COVID-19 Pandemic, the HR Office is trying to choose who will be retained among the…
A: A Type I error means rejecting the null hypothesis when it's actually true, while a Type II error…
Q: Within an organization, when attempting to manage and control risk, the organization should be aware…
A: Within an organization, when attempting to manage and control risk, the organization should be…
Q: 1. When determining the potential impact of a problem, what items should you look at that the…
A: During the process of determining the potential impact of a problem, the items that one should look…
Q: whixh of the following least denotes the control of risks: a) They are normally associated with…
A: Risk control is a set of procedures by which companies assess possible losses and take steps to…
Q: Planning Activities
A: The COSO framework defines internal control as "a mechanism effected by an entity's board of…
Q: pro and cons of level of production planning stragety and of chase of production planning stragety
A: The level production plan refers to the production plan strategy where the firm will produce at a…
Q: What information does a decision maker need in order to perform an expected-value analysis ofa…
A: An expected value analysis requires the following information:
Q: Choose an alternative which shows the risk of material misstatement in the financial statements…
A: Risk Management encompasses the identification, evaluation, analysis and response to risk factors…
Q: Defects per million opportunities (dpmo) = _____. Group of answer choices (Number of defects…
A: It is the part of process performance matrix. Process performance matrix is used to find…
Q: . Controls should be implemented to reduce risk to: A. zero B. the level at which management…
A: The Answer is B" : Level at which management believes the risk benefits is less than its cost.…
Q: According to the 2011 Appelbaum et al. article, ‘Back to the future: revisiting Kotter’s 1996 change…
A: ANSWER: OPTION (4) is the correct answer.
Q: Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and…
A: Risk is an uncertain situation that may reduce the profits of the firm in the future. Some risks are…
Q: How reliable is one product of calculator
A: Reliability indicating the overall consistency of measure which helps to identify in a quantitative…
1.
Which of the following Risk Management Processes covers the determination of the likelihood and consequence of risks identified on the effective and efficient pursuit of business activities?
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- The purpose of a Business Impact Analysis (BIA) is to determine: Choose the correct answer? The cost to repair a failed system The extent of a disaster's damage Critical business processes that must be maintained How often an incident will occurGrain dust is pound for pound more explosive than coal dust or gunpowder. Ignited by an electrostatic discharge or other cause, it has ripped apart grain silos and has killed or wounded many workers over the years. When 54 people were killed during Christmas week 1977, grain handlers and the U.S. government finally decided to combat dust accumulation.10 Ten years, 59 deaths, and 317 serious injuries later, a compromise standard was agreed on that designates dust accumulation of one-eighth inch or more as dangerous and impermissible in silos in the United States. Nevertheless, on Monday, June 8, 1998, a series of explosions killed seven workers performing routine maintenance at one of the largest grain elevators in the world, demolishing one of the 246 concrete, 120-feet-high silos that stretch over a length of one-half mile in Haysville, Kansas. Discuss grain facility explosions as a case study of workplace safety and rule making: Which ideas concerning acceptable risk apply here? My…The CEO of a car manufacturing company is about to launch new car. However, there are opposite views regarding the launch. The marketing manager expects that the car will generate high revenue and profit. However, the lead designer reported that although the design met required industry and law standards and requirements, tests showed a low risk that the car could malfunction (), possibly injuring a user. By deciding to launch the car as designed, what criterion of decision making was ignored ( )? A Economic Feasibility. B Rationality. C) Ethicalness. D Legality. E Practicality
- Deborah Kellogg buys Breathalyzer test sets for the Denver Police Department. The quality of the test sets from her two suppliers is indicated in the following table: percent defective probability for winter park probability for technology dayton enterprise 1% 0.65 0.25 3% 0.25 0.25 5% 0.10 0.50 For example the probability of getting a batch of tests that are 1% defective from Winter park technology is 0.65. Because Kellogg orders 10,000 tests per order, this would mean there is a 0.65 probability of getting 100 defective tests out of the 10,000 tests if Winter park technology is used to fill the order. A defectice breathalyzer test can be repaired for $0.50. Although the quality of the…Scaffold Equipment manufactures and sells scaffolds and ladders that are used by construction firms. The products are sold directly to independent retailers in the United States. The company's risk manager knows that the company could be sued if a scaffold or ladder is defective, and someone is injured. Because the cost of products liability insurance has increased, the risk manager is considering other techniques to treat the company's loss exposures.a. Describe the steps in the risk management process.b. For each of the following risk management techniques, describe a specific action using that technique that may be helpful in dealing with the company's products liability exposure.1. Avoidance2. Loss prevention3. Loss reduction4. Noninsurance transfers1. Once you have overdesigned your product, you need to do a ________ to match the needs and capabilities of your customers. 2. In 4-point bending, it has a higher probability that defects will exist due to a larger volume of a material subjected to a bending moment. True or false?
- A recently concluded Kaggle competition had a prize of $60,000 and was about predicting customer satisfaction: Santander Customer Satisfaction Links to an external site.. Download the training and test sets from the Kaggle site and train and validate a decision tree classification model from the Scikit-learn machine learning library. The training and test sets are also provided here - "Santander Customer Satisfaction- TRAIN.csv Download Santander Customer Satisfaction - TRAIN.csv" and "Santander Customer Satisfaction- TEST-Without TARGET.csv"In 1996, McDonald’s (MD) launched Campaign 55, reducing the prices ofits “flagship” sandwiches with the objective of regaining market share. Beforethe launch, suppose MD’s management envisioned two possible outcomes: astrong customer response or a weak response. Industry experts were notvery optimistic about the campaign. They assessed the probability of a strong response to be .40. MD predicted an expected profit of $50 million if theresponse proved to be strong. If the immediate customer response was weak,management believed that all was not lost. If MD could persuade themajority of its franchisees to back and help fund the campaign, the resultingprofit would be $20 million. However, if the majority rose up against thecampaign, the red ink would fly, and McDonald’s profit would be -$100million. MD considered these two outcomes to be equally likely.a. Given these assessments, construct a decision tree to determine MD’sexpected-profit-maximizing course of action.b. Suppose that MD has…No probabilities are known for the occurrence of the nature states. Compare the solutions obtained by each of the following criteria: Laplace
- Please help with correct answers! Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 9 13 B Web scraping 5 10 12 C Testing A, B 1 1 1 a) Based solely on the critical path, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.) b) Using all paths through the project network, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.)Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and chaos:a. A hurricane on the U.S. East Coast floods a regional warehouse destroying a large amount of stock.b. A machine on the plant floor breaks down for an hour.c. Bad weather on the weekend causes an increase in demand for umbrellas.d. A cool summer causes a decrease in demand for air conditioners for that season.e. The excavation process for a new manufacturing plant in the U.S. Midwest uncovers an archaeological find of such significance that no building can take place on that site and a new site for the plant must be found.f. Competitors to the iPad launch smaller tablet computers before the iPad mini is ready to launch, thus negatively affecting demand for the iPad.g. The Second World War caused auto manufacturers to switch to producing military vehicles.h. A drug is found to have dangerous side effects following its launch.i. The transportation disruptions, including the grounding of…Mr. A wants to study the salient factors that may influence the adoption of Social Networking Sites (SNS) for educational purposes. For this, he identifies the variables such as trust (TR), emotional attachment (EA), resource and material sharing (RA), communication (COM), and collaboration (COL) that may affect the adoption of the Social Networking Sites (SNS). Confirmatory Factor Analysis (CFA) was employed to perform reliability and validity checks, and Structural Equation Modelling (SEM) was employed to test the proposed conceptual model. This study could help instructors and managements at higher educational institutions to formulate strategies to encourage the students to use social networking sites for academic purposes. Based on the above information, answer the following questions. Develop the conceptual model of the study. Develop the alternative hypothesis of the study. Develop the research objective of the study. Suggest the target…