Cancelling a dance class after several students hurt themselves is an example of which risk management strategy?

Answers

Answer 1
Avoid - switch the plans to circumvent problem 
Mitigate - Reduces impact or likelihood 
Accept - Take the chance of bad impact 
Transfer - Outsource Risk (Insurance etc) 

In this case, the risk was avoided since the classes were cancelled.
Answer 2

Avoid strategy as the threat risk is directly related to identified threats or these sources of threats are cancelled

which risk management strategy?

Develop the contingency plan ("fall back, plan B") for the high risk . Are cues or triggers identified to activate contingency plans and risk reviewsEvaluate the status of the each action.Integrate plans into IMS or program management baselinesRisk managements are defined as:

The identification , analysis, or control or possibly elimination of any undesired hazards and risks arising from the certain situation and activity

There are four risk management strategies which are:

Avoid: To eliminate a risk by totally avoiding the situation or the activityMitigate: try to reduce the expected hazards of any situation or activityAccept: To accept the hazards or take your chancesTransfer: To outsource the risk (as  case of insurance)

In case of cancelling the dance class, we could note that the risks is directly related to the identified threats or the threats is totally cancelled in the order to avoid those risks. Therefore, the best strategy describing it situation is "avoid strategy"

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Related Questions

What can happen to a business owner who has personal liability for their company?

Answers

They are completely responsible for any accidents or losses

The four career pathways in Finance are:

A. Banking and Related Services, Insurance Services, Retail Sales, and Business Financial Management.

B. Securities Law, Insurance Services, Financial and Investment Planning, and Business Financial Management.

C. Banking and Related Services, Retail Sales, Securities Law, and Business Financial Management.

D. Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.

Answers

Answer:

D is the answer

Explanation:

Final answer:

The correct answer is D. The four career pathways in Finance include Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management. These pathways are crucial for capital formation, risk management, and overall economic stability.

Explanation:

The four career pathways in Finance are:

D. Banking and Related Services, Insurance Services, Financial and Investment Planning, and Business Financial Management.

Financial institutions play a critical role in the economy by offering various services that affect households and businesses. Banks and financial intermediaries coordinate supply and demand in the financial capital market, providing checking accounts, savings accounts, and certificates of deposit which are insured under the FDIC. This stability is crucial for both individual financial security and overall economic health.

Understanding the importance of savings and investment is vital for capital formation, which is the basis for economic growth. By investing in the stock market or other financial assets like bonds, stocks, mutual funds, individuals can diversify their portfolios to balance risk and potential return. The four finance pathways reflect a range of opportunities for professionals to guide and enhance saving, investment, and wealth management practices.

Insurance services provide protections against financial losses, which is a crucial aspect of personal financial planning. The pathway of Financial and Investment Planning focuses on assisting individuals in developing strategies to grow their wealth, manage risks, and prepare for retirement.

Lastly, Business Financial Management requires professionals to manage an organization's finances, ensuring long-term solvency and handling the strategic planning of the company's financial future.

(last word) people who buy foreign currency for the sole goal of selling it at a profit are called:

Answers

https://quizlet.com/25003567/economic-2301-quizzes-3-flash-card
Final answer:

A person who buys foreign currency with the sole aim of selling it at a profit is called a currency speculator. They operate in the foreign exchange market, buying currencies that they predict to appreciate and selling those they believe will depreciate.

Explanation:

People who buy foreign currency with the sole aim of selling it for a profit are called currency speculators. In the foreign exchange market, speculators invest in currencies that they predict will grow stronger, and sell those which they predict will grow weaker. This speculation can create a self-fulfilling prophecy where an expected appreciation leads to a stronger currency and vice versa.

For instance, currency speculators could be involved in currency pair trading where they expect that currency A will appreciate relative to currency B. As a result, they would buy currency A (expecting its value to rise) and sell currency B (predicting its value to fall). This is influenced by several factors like differences in rates of return, geopolitical events, economic indicators among others.

While speculation can influence exchange rates in the short term, it’s important to note that such trading is risky as market conditions can quickly change due to various global events and economic factors.

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Erp is software designed for _____ and ______ business processes.

Answers

Small and medium business processes.

ERP is software designed for integrating and optimizing business processes.

ERP, or Enterprise Resource Planning, is software designed for integrating and optimizing business processes across various departments within an organization. It enables seamless communication and data flow between different functions such as finance, human resources, supply chain, and manufacturing. By providing a unified system, ERP enhances efficiency, reduces redundancies, and ensures that all departments have access to real-time information. This integration facilitates better decision-making, improves overall productivity, and streamlines operations. Additionally, ERP systems can be customized to meet the specific needs of different industries, making them versatile tools for both large enterprises and small to medium-sized businesses.

Miranda works at a small-batch soda pop manufacturing plant. for eight hours a day, she uses her right hand to lift individual bottles of soda pop off the production line and place them in packing crates. lately her right elbow has been hurting, so she visited her doctor, who diagnosed her with _______.

Answers

I don’t know the choices, but I’d say it is a reptitive strain injury. This is an injury that is caused due to too much use of a certain appendix, in this case, Miranda’s right hand. Because she uses it eight hours a day, virtually nonstop, it makes sense that she would have repetitive strain injury.

In the State of Florida if you are convicted for unlawful speeding that results in a collision you will be assessed ______ points. 3 4 6 5

Answers

The answer is 6 points. I looked it up on Florida's DMV

Answer

In the state of Florida, if you are convicted for unlawful speeding that resulted in a collision; you will be assessed 6 points.

Explanation

It is vital a driver understands the working of the point system so as to keep maintaining a clean driving record. The points are given per the infraction depending on the severity of the offense. For example , the license suspension parameter and time period for 12 points is 30 days.


The cyclical approach is used to calculate gross domestic product.
True
False

Answers

The cyclical approach is used to calculate gross domestic product. False
A cyclical approach is described as having a definite plan that is used to promote longterm habits. Think of cyclical just as a cycle that keeps going around and around. Gross domestic product is the total value of all goods and services provided in a country over one year. 

Why does the government provide public goods and services, redistribute income, protect property rights, and resolve market failures in market economic systems?

Answers

Public Goods and Services are goods and services that cannot be easily restricted to those that pay for them. Income redistribution is distribution wealth and income to over half the nations income in wages. Property rights are legal ownership rights to protect property from the government. Market failures are private police or military that imperfect information in the market. 
Final answer:

The government provides public goods, protects property rights, redistributes income, and corrects market failures to ensure that essential services are available to all and to maintain a fair and secure economy. It balances the market's strengths and weaknesses with government action, recognizing both the necessity and imperfection of intervention.

Explanation:

The government provides public goods and services, redistributes income, protects property rights, and resolves market failures in market economic systems for various reasons. Firstly, the free market does not always supply certain goods and services such as roads, national security, and education, which are essential for a functioning society; thus, the government steps in to provide these as public goods. Moreover, the government aims to create equity and security in the economy through redistribution of income, to ensure that even those in poverty have access to essential services and to mitigate the wealth gap.

Secondly, the government secures property rights which are fundamental to economic transactions and investments. Ensuring that individuals can claim ownership over their assets enables a more efficient and predictable market. Additionally, the government intervenes in cases of market failures, such as monopolies and negative externalities, by regulating industries and implementing policies to correct inefficiencies and protect the public interest.

It's acknowledged by economists that while government intervention is necessary for addressing market problems, such intervention is also imperfect and may not always align with majority preferences. Thus, an informed balance needs to be struck, recognizing both the abilities and limitations of markets and government in creating public policy. This understanding is crucial to managing a market economy effectively, without exclusively idealizing or demonizing one over the other.

Ross Bergen is considering a certain corner location for his sandwich shop. If he surveys people passing the corner at lunchtime, which of the following questions will give him the most useful information? A. Do you prefer turkey or ham on your sandwiches? B. Do you often walk by this corner? C. Wouldn't you prefer a fresh sandwich to fast food? D. Would you be interested in a new place to eat lunch?

Answers

C. To see if most people are interested to even try and new place to eat for lunch

The quantity of u.s. dollars demanded in the currency market depends in part on:

Answers

The quantity of U.S. dollars demanded in the currency market depends in part on transfer payments from foreign individuals, firms or governments to the U.S. Transfer payments is when money is given or income is received when no goods or services are being paid for. Because money is being given but nothing is being paid for, they are considered payments and potential income. 

Leslie is a newly graduated certified public accountant with a specialty in corporate tax. she wishes to join an organization (not an accounting firm) that will allow her to concentrate on corporate tax and become deeply proficient in this area. leslie should look for a position in a firm with a ______ structure. select one:
a. simple
b. functional
c. multidivisional
d. network

Answers

Leslie should look for a position in a firm with a functional structure. A functional structure is also known as a function organization. This type of structure/organization is set up to divide different parts of the organization into smaller subgroups based on their specifications and qualifications. In this type of organization, you'd see the finance, marketing, account, IT and other parts split up into various departments. 

In order to achieve her goal of concentrating on corporate law, the type of structure that Leslie should join is B. Functional.

What is a functional structure?

This refers to when departments in a company are created based on their functions in the organization. For instance, account departments, legal departments, and marketing departments.

Joining the legal department would allow for Leslie to focus on corporate law and learn more about it such that she develops proficiency in it.

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A process cost system would most likely be used by a company that makes select one:
a. motion pictures.
b. repairs to automobiles.
c. breakfast cereal.
d. college graduation announcements.

Answers

A process cost system would most likely be used by a company that makes breakfast cerealA process cost system is used in accounting as a method to collect and assign manufacturing costs for each unit produced. Since cereal is a pretty straight forward manufacturing process this system makes sense due to mass production of similar units being produced. 

What percentage of your income after you retire will probably come from social security and from your employer?

Answers

What percentage of your income after you retire will probably come from social security and from your employer? All of it. Typically when someone retires, the money they receive comes from their employer if they had some type of retirement plan. Also, from paying social security taxes over the years of working once you retire and reach a certain age, you are able to draw from social security for income. 

After someone retires, you can expect to get 35 percent of your income from social security and your employer. As, while someone was working they take 35% from his income and give that back while retirement.

What is the definition of retirement planning?

Retirement planning is the process of putting money aside, investing it, and then distributing it in order to live well in retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirees to grow their money while benefiting from certain tax benefits.

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Suppose you operate a factory producing lawn mowers. your current level of output is 500 lawn mowers per week. your weekly variable cost is $30,000. if your total cost is $40,000 per week, it follows that:
a.the average variable cost of production is $80.
b.the average cost of production is $80.
c.the average fixed cost of production is $80.
d.the average variable cost of production is $100.

Answers

b.the average cost of production is $80.

Free contract is the _____.rivalry among sellers to attract customers while lowering costs concept that people may decide what agreements they want to enter into concept of giving everyone the same legal rights concept that individuals should not have to pay anything to enter into a contract

Answers

Almost positive the answer would be concept that people may decide what agreements they want to enter into

The free contract is the concept that people may decide what agreements they want to enter into. Thus the correct option is B.

What is a Contract?

A contract is referred to as an agreement that is enforceable by law based on the consent of both the parties involved in the deal fulfilling all the elements of a valid contract.

Individuals are allowed to choose the kinds of contracts they want to enter into, according to the free contract theory. If there was no compulsion or fraud involved, the contract could be said to be free.

In the United States, the term "freedom of contract" refers to the legal recognition and protection of a wide range of private individual and business company decisions regarding the use of economic resources in pursuit of profits.

Therefore, option B is appropriate.

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You receive an email from someone who claims to be a representative from your credit card company. The email asks you to click on a link to reset your password to the company's website. You should proceed with caution because the email may be a(n) _______ attempt.

Answers

Phishing = Link to a site, usually a fake replica of a legitimate site but with added implements that can be used to spy on you (how people become victims of identity theft.

​sam, the owner of a small​ company, learned that a competitor was planning to spend​ $150,000 on promotion in the next financial year. as soon as he learned​ this, sam called his finance manager and​ said, "i want to spend​ $150,000 on promotion next​ year." in this​ case, which method of promotional budgeting does sam​ use

Answers

the competitive-parity method

What is a reason why someone would use a secured credit card?
Question 9 options:

A) to have every purchase guaranteed with a 5 year warranty


B) To purchase goods in another country


C) To help overcome a bad credit history


D) To get more frequent flyer miles or rewards from the credit card company

Answers

I'm going to say B) To purchase goods in another country.
I would guess C, B is just incorrect so please don't answer B I got this wrong answering B

your marketing Target analyst does not have to include which of the following

Answers

Identifying payment terms used by the targeted organization and consumers.

The organizational unit that is responsible for the sale and distribution of goods and services is the

Answers

The organizational unit that is responsible for the sale and distribution of goods and services is the sales organization.

This is because they are selling the product or service.

Hollis industries produces flash drives for computers, which it sells for $20 each. each flash drive costs $13 of variable costs to make. during april, 1000 drives were sold. fixed costs for march were $2 per unit for a total of $1000 for the month. how much is the contribution margin ratio?

Answers

Given:
Price = $20
Variable Cost = $13
Total number of items sold = 1000

Find: Contribution Margin Ratio

The formula for Contribution Margin Ration is:
(Sales - Variable Expenses)/Sales

Revenue = 20000
Variable Expenses = 13000
Contribution Margin = 7000

(20000-13000)/20000 = 0.35

Hollis Industries Contribution Margin Ratio is 35%
Final answer:

The contribution margin ratio for Hollis Industries is calculated by subtracting the variable cost of making each flash drive from the sales price and then dividing the result by the sales price. It amounts to 35% for Hollis Industries.

Explanation:

The question asks how to calculate the contribution margin ratio for Hollis Industries, which sells flash drives. The contribution margin ratio is calculated by subtracting the variable cost per unit from the sales price per unit and then dividing that number by the sales price per unit.

The sales price per flash drive is $20, and the variable cost per unit is $13. Therefore, the contribution margin per unit is $20 - $13 = $7. To calculate the contribution margin ratio, you divide the contribution margin per unit by the sales price per unit, which would be $7 / $20 = 0.35 or 35%.

Note that the fixed costs mentioned in the question are not used in calculating the contribution margin ratio. Fixed costs are relevant for other analyses, such as determining break-even points or net profit, but not for the ratio itself.

A(n) ________ veto allows the governor to cross out budget lines in the legislature-approved budget, while signing the remainder of the budget into law.

Answers

A vote with a 2/3 majority is required to veto the government. The line-item veto allows governors to veto a line or certain clauses in a measure while allowing the rest of the bill to become law.

Line-item vetoes, also known as partial vetoes, are the ability of an executive branch member to veto certain elements of a bill, typically a budget appropriations bill, without blocking the entire legislative package.

Elazar argues that a traditionalistic political culture views the government as essential to preserving the current social order, or the status quo, given the significance of slavery in its construction.

A complete law passed by the legislature is subject to the governor's veto power under every state constitution. several constitutions broadenthe executive's veto authority by allowing veto mechanisms that allow specific provisions of a measure to be rejected or amended.

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In the spring, james likes to spend afternoons at the park. what is his opportunity cost of him doing this? no opportunity cost since he is doing an activity he enjoys the opportunity cost is the value of the next best alternative of his time - how he would spend his afternoons if he wasn't at the park the opportunity cost is the value of the sum of all other things he could do instead of going to the park

Answers

In the Spring, James likes to spend afternoons at the park. What is his opportunity cost of him doing this? The opportunity cost of James spending the afternoon at the park is what he is giving up his time by doing since he could be doing something else. When you have opportunity cost, you are giving up one thing an opportunity, in exchange for doing something else.  

Answer:

The correct answer is A, No opportunity cost since he is doing an activity he enjoys.

Explanation:

In springs, James like to spend his afternoons in the park. This is his routine and he goes to the park in his spare time to get some enjoyment and relaxation. So he is not leaving anything behind in order to get this relaxing time. Since this is his spare time, there is no opportunity cost involved in his this activity. Rather he is enjoying this time and getting relaxed.

Explain four ways your personal financial condition can affect your housing choice.

Answers

The first one is income, this determines the amount of money you receive on a regular basis. Second will be your credit score, this shows your credit worthiness. Third one is your expenses, these reflects the amount you spend on a given period of time. Last one is equity, this is one's personal value or ownership, determined by all combined assets minus all liabilities a person may have.

When tina stepped up to serve as the organizer for the sustainability committee's organizational meetings, she decided to get the group organized by having anyone who was interested join her for an open forum where they could help define the group's mission, identify problems, and brainstorm some actions they could take to help their campus go green. what leadership style was tina using?

Answers

She is using participative leadership. Participative leadership is a method of leadership that involves all team members identifying important goals as well as developing strategies and procedures. Participative leadership can be perceived as a leadership style that rely primarily on functioning as facilitator that the one who simply issues commands or orders or making assignment for each member of the team.  

Which statement applies to the commodities exchange

Answers

Explanation:

Commodities Exchange is a Market, either physical or virtual, where different commodities are being traded with different volumes. Most commonly traded commodities which are traded physically are agricultural commodities, which may include Rice, Wheat, Corns, nuts, seeds, etc. Most commonly traded commodities, which are traded virtually through a system or software with the help of internet, may include Oil, Gold, Stocks, Silver, other precious metals, Soy, etc.

A large number of buyers and sellers are present in commodities exchange market. People buy and sell different commodities, derivatives, stocks, options, futures, spots etc.

Answer:dear God, i think the answer might be it has a set of regulations that must be followed

Explanation:

WILL MARK BRAINLIEST
Scenario: In one year, a bank pays 2% interest on a $1,000 deposit. The same year, the bank charges 12% interest on a $1,000 loan. How much profit does the bank make at the end of the year in this scenario? $100 $120 $140 $2,000

Answers

ok, we know that the the bank is profiting 12% of the loan, but they need to pay 2%

12%-2% = 10%

10% of profit on a thousand dollar loan.

.10*1000 = $100

The bank profits $100 at the end of the year with a 10% interest rate.

Answer:

100

Explanation:

i just took the test and got it correct

In a contract, what is consideration? A. Exchanging things of value B. Breaching the contract C. A business tort D. The minimum age for the contract Please select the best answer from the choices provided A B C D

Answers

Exchanging things of value is what consideration is in a contract.

Which of the following federal agencies prohibited advertisers from broadcasting commercials at a higher volume than the televised program during which they appear?

Answers

Which of the following federal agencies prohibited advertisers from broadcasting commercials at a higher volume than the televised program during which they appear?its A
Rule prohibits high-volume TV commercials; Limits come in response to viewer complaints; Broadcast technical standards will level the volume. Television commercials that are a lot louder than the program will be prohibited under rules adopted Tuesday by the Federal Communications Commission.

What are the steps in preparing and passing the federal budget?

Answers

there's 5
 the president submits a budget request
the house and senate pass budget resolutions
house and senate subcommittees "markup" appropriation bills
the house and senate vote on appropriation bills and reconcile diffrences
the president signs each appropriation bill and the budget becomes a law
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