I need 5 and 6 A. SimilarityB. Pifferendconnection5. From taking care of risk perspective what should be done if the Impact of risk ishigh and likelihood of risk is high ?A. TerminateB. TransferC. TolerateD. Communicate6. From taking care of risk perspective what should be done if the Impact of risk islow and likelihood of risk is low?A. TerminateB. TransferC. TolerateD. Communicate7. The National Audit Office's report, Supporting Innovation: Managing Risk inGovernment Departments, mentions the risks that are most commonly identifiedby department: compliance risk, project risk, Missing an opportunity risk and ...(multiple choice possible)C. Market riskB. Reputation-risks toA. OperationalD. Financialriskrisk8. Controls in the organization need to work well. There is one view that they shouldbe smart, in that they should be: Specific, Measurable, Results oriented and...(multiple choice possible)A. AchievableB. UnderstandabC. TimelyD. LogicalleFocus

In basic terms, risk is the chance of something awful happening. Risk involves vulnerability about…

5. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is high ? A. Terminate B. Transfer C. Tolerate D. Communica te 6. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer C. Tolerate D. Communica te

5. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is high ? A. Terminate B. Transfer C. Tolerate D. Communica te 6. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer C. Tolerate D. Communica te

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.

Question

I need 5 and 6

A. Similarity
B. Pifferend
connection
5. From taking care of risk perspective what should be done if the Impact of risk is
high and likelihood of risk is high ?
A. Terminate
B. Transfer
C. Tolerate
D. Communica
te
6. From taking care of risk perspective what should be done if the Impact of risk is
low and likelihood of risk is low?
A. Terminate
B. Transfer
C. Tolerate
D. Communica
te
7. The National Audit Office's report, Supporting Innovation: Managing Risk in
Government Departments, mentions the risks that are most commonly identified
by department: compliance risk, project risk, Missing an opportunity risk and ...
(multiple choice possible)
C. Market risk
B. Reputation-
risks to
A. Operational
D. Financial
risk
risk
8. Controls in the organization need to work well. There is one view that they should
be smart, in that they should be: Specific, Measurable, Results oriented and
...(multiple choice possible)
A. Achievable
B. Understandab
C. Timely
D. Logical
le
Focus

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Om1. Margaret is a shift supervisor for Clear Lake Boats, Inc. She has been with the company since it started manufacturing boats more than ten years ago. Margaret worked on the production line until last year, when she was promoted to supervisor. The company started out small, with only 12 employees and one shift working Monday to Friday from 8:30 a.m. to 5:00 p.m. Clear Lake Boats now has more than three hundred employees and runs three shifts a day. Every employee on each shift gets paid the same except for the supervisors, who are paid two dollars more per hour. The night shift employees get paid a dollar more per hour. There is no performance appraisal system or reward structure. After Margaret was promoted, she asked to take a “Principles of Supervision” class at a local community college to learn proper supervisory skills and coaching techniques. One of the topics discussed in her class was performance appraisals and reward systems. Although the company has grown quickly and has…
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