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The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for Jones Hiking Trails. Risk Inherent Risk Likelihood Hikers on trials become hurt. 18% Hikers could sue. Inherent Risk Impact $10,023,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a.$1,009,400 b.$2,524,500 c.$784,030 d.$1,804,140 Risk Response Alternatives A-Require safety training. B-Require specific hiking gear. C-Take no action. Residual Risk Likelihood 13% 20% 25% Residual Risk Impact $6,031,000 $5,047,000 $10,098,000

The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for Jones Hiking Trails. Risk Inherent Risk Likelihood Hikers on trials become hurt. 18% Hikers could sue. Inherent Risk Impact $10,023,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a.$1,009,400 b.$2,524,500 c.$784,030 d.$1,804,140 Risk Response Alternatives A-Require safety training. B-Require specific hiking gear. C-Take no action. Residual Risk Likelihood 13% 20% 25% Residual Risk Impact $6,031,000 $5,047,000 $10,098,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for Jones Hiking Trails. Risk Inherent Risk Likelihood Hikers on trials become hurt. 18% Hikers could sue. Inherent Risk Impact $10,023,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a.$1,009,400 b.$2,524,500 c.$784,030 d.$1,804,140 Risk Response Alternatives A-Require safety training. B-Require specific hiking gear. C-Take no action. Residual Risk Likelihood 13% 20% 25% Residual Risk Impact $6,031,000 $5,047,000 $10,098,000
Transcribed Image Text:The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for Jones Hiking Trails. Risk Inherent Risk Likelihood Hikers on trials become hurt. 18% Hikers could sue. Inherent Risk Impact $10,023,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a.$1,009,400 b.$2,524,500 c.$784,030 d.$1,804,140 Risk Response Alternatives A-Require safety training. B-Require specific hiking gear. C-Take no action. Residual Risk Likelihood 13% 20% 25% Residual Risk Impact $6,031,000 $5,047,000 $10,098,000
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