Understanding Management
10th Edition
ISBN: 9781337333375
Author: Richard L. Daft; Dorothy Marcic
Publisher: Cengage Learning US
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Question
Chapter 12, Problem 12SL
Summary Introduction
To Select:
Rate the statement on the scale of 1 to 7 "Significance of opportunity to help others under the job".
Introduction:
Job involves set of activities that are homogenous in nature and are associated with resemblance of task. It includes the work performed by an individual in order to earn money in return.
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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 12 Solutions
Understanding Management
Ch. 12 - Prob. 2OTJVCCh. 12 - Prob. 1DQCh. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQ
Ch. 12 - Prob. 10DQCh. 12 - Prob. 4SLCh. 12 - Prob. 5SLCh. 12 - Prob. 6SLCh. 12 - Prob. 7SLCh. 12 - Prob. 8SLCh. 12 - Prob. 9SLCh. 12 - Prob. 10SLCh. 12 - Prob. 11SLCh. 12 - Prob. 12SLCh. 12 - Prob. 13SLCh. 12 - Prob. 14SLCh. 12 - Prob. 15SLCh. 12 - Prob. 16SLCh. 12 - Prob. 1GLCh. 12 - Prob. 2GLCh. 12 - Prob. 3GLCh. 12 - Prob. 1ALCh. 12 - Prob. 2ALCh. 12 - Prob. 3ALCh. 12 - Prob. 1EDCh. 12 - Prob. 2EDCh. 12 - Prob. 3EDCh. 12 - Prob. 1CFCACh. 12 - Prob. 2CFCACh. 12 - Prob. 3CFCA
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