Give a real life example of mitigating a risk, avoiding a risk, transferring a risk and retaining a risk.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
Mitigating a risk: duplicate systems, backup systems, alternate technology development. Avoiding a risk: moving a concert indoors to avoid potential negative weather conditions. Transferring risk: fixed-price contract, insurance. Retaining risk: accept the risk of a lighting strike because the likelihood is so low.
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Consumers engage in limited search for items like midrange fashion apparel, home furnishings, and appliances. These are examples of ________ goods, which are candidates for selection distribution.
A. durable B. convenience C. shopping D. technology E. impulse
Jordan works for a business that specializes in developing social media smartphone apps aimed towards phone users who are incredibly tech-savvy. What type of age group would likely be the optimal choice for a target market?
A. Millennials B. Generation Y C. Generation X D. Generation Z E. Baby-Boomers
Process capability can be addressed when:
A) assignable causes are present. B) a process is in statistical control. C) a process is in statistical control but assignable causes are present. D) the nominal value equals the tolerance regardless of assignable causes.
Refer to the table. What is the appropriate equation for cell B5?
A) =B2 - B4 B) =B3 - B4 C) =B4 - B2*B3 D) =B4 - B3*B2 E) =(B2*B3 ) - B4