Lily believed that a prospective insured's building might be considered a highly protected risk. Which one of the following buildings is most likely to be considered a highly protected risk? A small building located in the middle of a very rural area A masonry noncombustible industrial complex that relies on its own water supply An office building without any public fire protection A large fire-resistive building with automatic sprinkler systems
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A small building located in the middle of a very rural area
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A masonry noncombustible industrial complex that relies on its own water supply
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An office building without any public fire protection
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A large fire-resistive building with automatic sprinkler systems
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- 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…Which of the following risk responses is not considered risk transfer? a. Joining a third-party trust fund for employee benefits to settle retirement pay b. Paying for property insurance c. Transferring the location of warehouses away from major fault times and flood-prone areas d. Creating advances to employee accounts for losses in inventory and cash shortagesJoeBob Truck Parts, Inc., in Austin sells certain material to Detailer “R” Stores in Omaha, Nebraska. JoeBob Truck Parts packs the parts and ships it by semi-tractor trailer to Detailer “R.” In transit across Oklahoma, a storm wrecks the tractor-trailer and scatters and shreds the truck parts across miles of bean-fields. What are the consequences if Detailer “R” bore the risk? What are the consequences if JoeBob Truck Parts bore the risk? Answer must discuss risk and title passing
- 7. Assume that there is a 9% rate of disk drive failure in a year. a. If all your computer data is stored on a hard disk drive with a copy stored on a second hard disk drive, what is the probability that during a year, you can avoid catastrophe with at least one working drive? b. If copies of all your computer data are stored on three independent hard disk drives, what is the probability that during a year, you can avoid catastrophe with at least one working drive? a. With two hard disk drives, the probability that catastrophe can be avoided is nothing. (Round to four decimal places as needed.)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 alarge amount of stockEIGHTEEN. A risk response plan can be used to identify increasing levels of detailed risk analysis. True False
- RISK REGISTER : CYBER SECURITY LAB (KEYLOGGING SOFTWARE). Please add 3 more risks. Intructions: please see below. 1) Have your team identify the top 5-10 risks for your project (i.e. one of the computers don't work, the electrical system is overloaded when all the computers are on, a component of one of the computers is misplaced or stolen, etc.). 2) Label each of these risks (R1, R2, R3, etc. 3) Identify the Probability/Risk (Likelihood/Consequence) for each of these. 4) Rate each risk as HIGH, MEDIUM, or SMALL. 5) Identify who is responsible for the risk. 6) Identify the steps you will incorporate to mitigate the risk (lessen the risk). please write following the table given in the image.which of the following does not denote the type of classification of risks? a) Risk can be classified according to the nature of the attributes of the risks b) Risks can be classified according to its denominations c) Risks can be classified according to the timescale of impact after the event occurs d) Risk can be classified according to its originGrain 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 International Organization for Standardization is the first globally recognized standard related to risk management: a) True b) False8. Ms. Rabiya Mateo and Ms. Sandra Lemonon, two real-estate investment partners, are assessing the relative risks of a prime property in Taguig City, and a comparable property in a similarly vibrant area of Iloilo City. One partner discounts heavily the value of the Taguig property because of the potential earthquake damage. The Taguig City-averse partner is most likely influenced by which element of risk management analysis? a. Risk Prioritization b. Risk Severity c. Risk Psychology d. Risk ResponseScenario: Imagine you are a physician who has been whose patient has the following matter up to you. The patient has an unusual infection, which lasts for a short time. The infection has a 15% chance of causing permanent brain damage. You may undertake a procedure that will prevent the brain damage from the infection (with 100% probability). However, the procedure itself has a 20% chance of causing brain damage itself. Should you undertake the procedure or not? Question: Identify whether the scenario poses a problem to solve or a decision to be made. Explain HOW and WHY you came to your answer?