Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
8th Edition
ISBN: 9781337274852
Author: Ragsdale, Cliff
Publisher: South-Western College Pub
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Chapter 1, Problem 27QP
Summary Introduction
To provide: An example of decision by a leader in which the good decision resulted in bad and vice versa.
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5. A risk that has both a high impact and high probability is referred to as
A. Negligible
B. Moderate
C. Low
D. Extreme
6. A business continuity plan is mainly used to_
A. Increase profits
B. Handle daily tasks
C. Prepare for disruptions
D. Advertise services
7. What is the role of a risk owner?
A. To finance the risk
B. To monitor and manage a specific risk
C. To create risks
D. To avoid planning
8. Early warning indicators help businesses to
A. Avoid legal actions
B. Grow rapidly
C. Detect potential risks
D. Hire employees
9. A hazard-based risk includes
A. Political instability
B. Ergonomic issues
C. Market demand
D. Taxation changes
1. What is the primary purpose of risk management in small businesses?
A. To eliminate all risks
B. To predict profits
C. To reduce and control risks
D. To create new risks
2. Which of the following is a type of operational risk?
A. Interest rate change
B. Natural disaster
C. Supplier failure
D. Tax policy change
3. SWOT analysis identifies all EXCEPT
A. Strengths
B. Weaknesses
C. Tactics
D. Opportunities
4. Which strategy involves taking no action against a risk?
A. Mitigation
B. Avoidance
C. Acceptance
D. Transfer
List and briefly describe four risk response strategies.
Chapter 1 Solutions
Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
Ch. 1 - Prob. 1QPCh. 1 - Prob. 2QPCh. 1 - Prob. 3QPCh. 1 - Prob. 4QPCh. 1 - What is the relationship between business...Ch. 1 - What kinds of spreadsheet applications would not...Ch. 1 - Prob. 7QPCh. 1 - Prob. 8QPCh. 1 - What is a dependent variable?Ch. 1 - What is an independent variable?
Ch. 1 - Can a model have more than one dependent variable?Ch. 1 - Can a decision problem have more than one...Ch. 1 - Prob. 13QPCh. 1 - Prob. 14QPCh. 1 - In what ways are descriptive models different from...Ch. 1 - Prob. 16QPCh. 1 - Prob. 17QPCh. 1 - Consider the spreadsheet model shown in Figure...Ch. 1 - Prob. 19QPCh. 1 - Prob. 20QPCh. 1 - Prob. 21QPCh. 1 - Prob. 22QPCh. 1 - Prob. 23QPCh. 1 - Prob. 24QPCh. 1 - Prob. 25QPCh. 1 - Prob. 26QPCh. 1 - Prob. 27QP
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