. Complete the Contingency Budget for the table below b. If risk C and F actually occurred, you would be able to tap the contingency budget for relief? c. Should you focus on risk F and why? file:///C/Users/mo4623/Documents/Mark's%20Backup%2010-2-2017/Documents/risk%20Analysis620and%20management/contingency%20bude LIRiskP (Risk Probability)I (Cost Impact)RiskContingencyP* IcA.7£20,000.4£15,000.6£10,000D£30,000E£25,000F.8£35,000Total£135,0003.5.

Risk contingency is a plan deployed for handling the risk if it occurs.

Answered: Complete the Contingency Budget for the…

Complete the Contingency Budget for the table below b. If risk C and F actually occurred, you would be able to tap the contingency budget for relief? c. Should you focus on risk F and why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

. Complete the Contingency Budget for the table below

b. If risk C and F actually occurred, you would be able to tap the contingency
budget for relief?

c. Should you focus on risk F and why?

file:///C/Users/mo4623/Documents/Mark's%20Backup%2010-2-2017/Documents/risk%20Analysis620and%20management/contingency%20bude LI
Risk
P (Risk Probability)
I (Cost Impact)
Risk
Contingency
P* Ic
A
.7
£20,000
.4
£15,000
.6
£10,000
D
£30,000
E
£25,000
F
.8
£35,000
Total
£135,000
3.
5.

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