What is risk and how do you avoid risk?
What will be an ideal response?
Risk is the probability of a negative event happening in our lives. Unfortunately, there are countless risks we face each day. And the failure to recognize a risk is, in reality, the acceptance of that risk and all its consequences. Is it possible to live your life risk-free? Of course it is not. Some risk is unavoidable. Risk is part of our everyday lives. We could hide in a corner in our apartment, but we still run the risk of alienating ourselves, getting fired from our jobs, and being evicted from our home. We cannot avoid risk, but we can manage risk and minimize its cost. It is important to recognize that risk does not go away just because we ignore it or pretend that it isn't there. In fact, risk is always present even when we don't know about it. If you are walking across a parking lot while texting on your cellphone and fail to see the missing manhole cover, you run the risk of injury. Your failure to see the hole did not eliminate your risk of getting hurt. In fact, the failure to recognize risk is an automatic acceptance of risk. Examples of everyday risks we face include disability, illness, death, financial, property, liability, and identity theft.
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A local university administers a comprehensive examination to the recipients of a B.S. degree in Business Administration. A sample of examinations are selected at random and scored. The results are shown below. Grade 93 65 80 97 85 87 97 60 For the above data, determine a.The meanb.The medianc.The moded.The standard deviatione.The coefficient of variation
What will be an ideal response?
In order for a manager to reduce throughput time, it is necessary for the accounting system to focus on calculating units produced per direct labor hour
Indicate whether the statement is true or false
In a normal job-order costing system, factory overhead is applied using predetermined rates times standard input
Indicate whether the statement is true or false
If a drawer and a payee or holder have accounts at different banks, the payer bank and depository bank are not the same bank. In this case, the check is called a(n) ________
A) non-negotiable instrument B) presentment warranty C) stale check D) "on them" item