Reasons to adopt an enterprise risk management plan include all of the following EXCEPT
A) to increase earnings volatility.
B) to treat risks facing the business in a more holistic way.
C) to increase net income.
D) to gain an advantage over competitors.
Answer: A
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The goal of _____ is not to gain small incremental cost savings, but to achieve great efficiency leaps-of 100 percent and even 1000 percent.
Fill in the blank(s) with the appropriate word(s).
The endpoint of a k-means clustering algorithm occurs when:
a. Euclidean distance between clusters is minimum. b. Euclidean distance between observations in a cluster is maximum. c. no further changes are observed in cluster structure and number. d. all of the observations are encompassed within a single large cluster with mean k.
Two percent of the parts produced by a machine are defective. Twenty parts are selected at random. Use the binomial probability tables to answer the following questions
a. What is the probability that exactly 3 parts will be defective? b. What is the probability that the number of defective parts will be more than 2 but fewer than 6? c. What is the probability that fewer than 4 parts will be defective? d. What is the expected number of defective parts? e. What is the variance for the number of defective parts?
If a bank estimates the capabilities of its employees who provide customer service prior to implementing a new training program designed to change their method of providing customer service, it is ________.
A. conducting an external analysis B. formulating its competitive strategies C. doing an internal analysis D. formulating its corporate strategies