Defining each risk by a set of standard parameters including likelihood or probability, severity or impact, detection process, and mitigation plans best defines
A) quantitative risk management.
B) qualitative risk management.
C) risk probability.
D) risk regression.
B
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According to Mintzberg and others, the roles of the global leader include
A. spokesperson. B. salesperson for the status quo. C. monitor. D. controller. E. administrator.
Which of the following statements about a calendar-year deductible is (are) true?
I. It requires the insured to pay a specified amount of each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year. II. It is used only in policies which cover direct property losses. A) I only B) II only C) both I and II D) neither I nor II
A offers to B to sell him a parcel of land for $5,000, stating that the offer will remain open for thirty days. B replies, "I will pay $4,800 for the parcel," and on A's declining that, B writes, within the thirty day period, "I accept your offer to sell for $5,000." ?"I accept your offer to sell for $5,000," is: A)?An acceptance
B)?A new offer. C)?A counteroffer. D)?A rejection.
Why is the balanced scorecard method said to be "balanced"?
A) It uses measurable dimensions for assessing performance. B) It assesses both the internally focused and externally focused business processes. C) It measures performance along all major divisions of a firm, from production and manufacturing to human resources. D) It measures performance of all levels of a firm, from executives to operational employees and data workers. E) It measures performance of more than just financial systems.