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Step by step
Solved in 2 steps
- chapter 3 2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and chaos:g. The Second World War caused auto manufacturers to switch to producingmilitary vehicles.Suppose you go out shopplng for a new espresso machine and run into MLE player Trea Turner (who tecently signed with the philadeiphia Ptvites) You help him find a porfoct gift to give his new toammate. Bryce Harper. As thanks for your help, he signed the jersey off his back and gave n to you. Event though his jersey is a valuable asset, why would it not serve as a very pood form of money in your attempt to buy an espresso maching?
- A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance A cattle producer purchased an insurance contract form the USDA Risk Management Agency. The contract pays a fixed dollar amount if and only if the rainfall in the 10 by 10 miles grid surrounding the producer’s land falls below 90 percent of the historical average rainfall. According to the lecture, this is a type of _____ insurance weather pure parametric aggregate loss index parametric indexI am taking in at my optimal bundle, and suddenly I get free goods of 2 good a, will I benefit from the free gift? Why so?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
- Situation 1 You want to start an online clothing store and need information about the size of the market for the marketing section of your business plan. From an online search, you found that Americans spent $18.3 billion online for apparel, accessories, and footwear last year and that the forecast for their spending on these items in the coming year is $22.1 billion. You have also researched publicly traded apparel companies, like GAP, to discover trends in online sales for these firms. why is your research thus far in situation 1 inadequate for what you need to knowYou are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses. a) Identify the factors that your company should consider before it adopts a retention program for physical damage losses to school buses. b) If a retention program is adopted, what are the various methods you can use to pay for physical damage losses to school buses? c) Identify two risk-control measures that could be used in your company’s retention program for physical damage losses25. Timely plc is reviewing security in its information system and has identified a number of risks facing it to improve msk management of the system the company has told its employees that any computer misuse by them will result in disciplinary action. What aspect of risk management has Timely plc employed regarding information security? Risk transfer Risk acceptance Risk reduction Risk avoidance 26. Marble pic is a very large supermarket chain. To date the managers of Marble pic have made decisions about pricing and procurement based on periodic summarised transaction reports. The company's IT function is now streaming big data about its own sales and purchases into its information systems in real time. Marble plc is taking advantage of the fact that big data has the characteristic of: A Veracity Variety Velocity Verifiability
