If a company identifies four risks with a risk score as follows: Risk An oven fire may result in the destructionof a store. A cybersecurity attack may result in the theft of customer data. A store employee getting sick mayresult in them backing out of their shift last minute. An employee stealing from a cash register may result inloss of cash. Which risk is the highest priority? Risk Score O An employee stealing from a cash register mayresult in loss of cash O A cybersecurity attack may result in theft of customer data OA store employeegetting sick may result in them backing out of their shift last minute O An oven fire may result in thedestruction of a store 5 15 4 6

Risk Management is the part of management that deals with controlling the risks and threats to the…

Answered: If a company identifies four risks with…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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All the answers below are reasons for performing risk management EXCEPT. a. Ensure the occurrence of opportunities b. Planning for known and unknown events c. Elimination of issues d. Reduce the impact of threats
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The remaining part of the case and question below : Fortunately, shipboard emergencies are infrequent, but when they do occur they are problematic. For instance, the Costa Concordia hit a rock and sank off Italy, causing32 people to die. A generator fire on the Carnival Triumph stranded 4000 passengers for four days. Sporadically, viruses causing diarrhea and vomiting strike cruise ships, causingCarnival to take an infected ship out of service to eradicate all traces of the virus by sanitizing virtually every object on board.Although these incidents are costly, the cruise industry has a fatality rate three times better than airlines. Economic Issues Spending for a cruise is generally considered discretionary. During recessions, people are more apt to take shorter cruises and to embark from nearby ports rather than flying to faraway points of departure. Interestingly, however, in comparison with other segments of the tourist industry, cruise lines have fared well during economic…

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