Determine the type of risk response being described in each case. Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume. a. Avoidance b. Mitigation c/ Acceptance ABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point. a. Avoidance b. Mitigation c. Acceptance Employees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes. a. Avoidance b. Mitigation c. Acceptance
Determine the type of risk response being described in each case. Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume. a. Avoidance b. Mitigation c/ Acceptance ABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point. a. Avoidance b. Mitigation c. Acceptance Employees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes. a. Avoidance b. Mitigation c. Acceptance
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Determine the type of risk response being described in each case.
Mr. Author annually publishes a new version of his textbook. He acknowledges that some students will use the old version instead. He also understands that some students will obtain a fake copy of his book. This will like reduce his sales volume.
a. Avoidance
b. Mitigation
c/ Acceptance
ABC Corporation does not want to be liable for transportation losses. It sells only with the terms FOB Shipping point.
a. Avoidance
b. Mitigation
c. Acceptance
Employees are required to participate in the annual earthquake drill. They are reminded to keep calm to avoid stampedes.
a. Avoidance
b. Mitigation
c. Acceptance
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