To protect his poultry from meteorites, the gentleman farmer made hard hats for each bird and installed a meteor detection system that opened umbrellas throughout the yard if a meteor were detected
The safety of his flock thus assured, the farmer was surprised when he read his latest issue of Risk Management Magazine and discovered that this event was:
A) High in consequence and high in probability.
B) Low in consequence and low in probability.
C) Low in probability and high in consequence.
D) High in probability and low in consequence.
C
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The maker of a note recognizes a note receivable on the balance sheet and interest revenue on its income statement
a. True b. False Indicate whether the statement is true or false
What is the effect of a payor bank's dishonor of a check?
a. It returns the check. b. The provisional credits must be reversed. c. The customer who deposited the item for collection must cover the item and seek recovery from the drawer or indorsers. d. All of these will occur.
Personal selling is particularly important for retailers selling
A. discount items. B. online services. C. products that are complicated or expensive. D. trend or fashion items. E. low-cost services.
Use the information in Scenario C.1. How many production runs per year are needed if Jerry chooses to produce at his economic production lot size (ELS)?
A) fewer than or equal to 10 runs B) greater than 10 runs but fewer than or equal to 20 runs C) greater than 20 runs but fewer than or equal to 30 runs D) greater than 30 runs