If the chance of loss is high and loss severity is high, generally the most appropriate risk management tool is:
A) risk transfer
B) risk reduction
C) risk assumption
D) risk avoidance
D
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A group of customers who share information between themselves and the company about their experiences with the product or service is most likely to be known as a:
A) quality circle. B) cohort. C) community. D) focus group.
Products that have been started but have not yet been completed are recorded in
a. Materials Inventory; b. Work in Process Inventory; c. Purchases; d. Finished Goods Inventory; e. Products Inventory
Roberto always saw his company’s way of negotiation and doing things as being the “right way” even though his cultural forms fell short at times. There was no room for changing the company’s culture or processes. This is an example of ______.
A. altruisim B. ethnocentrism C. utilitarianism D. pluralistic
The __________________ forecasting technique is used before preliminary sales figures are available and for products for which there exists no closely related competition
a. Delphi Method b. Analogous data c. Bass Model d. Bell Curve Method e. Early Adopter Meter