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victus00 [196]
2 years ago
14

Which of the following is NOT a principle of ORM? A ) Make risk decisions at the right level. B ) Anticipate and manage risk by

planning. C ) Accept risk when benefits outweigh the cost. D ) Eliminate risk through the application of ORM.
Business
1 answer:
snow_lady [41]2 years ago
8 0

Answer:

The correct answer to the following question is option D) Eliminate risk through application of ORM( which stands for operational risk management ).

Explanation:

Operational risk management can be defined as the continuous cyclical process which consists of risk decision, implementation of risk controls, risk assessment and risk decision making, which would help in mitigation, avoidance and acceptance of risk.

The four principle included in this are -

1) Accepting risk only when the benefits out weights the cost.

2) Anticipating and managing risk by proper planning.

3) Making right decisions at right time and at right level.

4) Anticipate no unnecessary risk.

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Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an iden
Ghella [55]

Answer:

E) while beer is homogeneous, the product is differentiated among the sellers.

Explanation: The beers are quite identical but each seller differentiates it

6 0
2 years ago
Read 2 more answers
Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so
fomenos

Answer:

"Pursuit of monopoly power" is the correct solution,

Explanation:

  • Through a party, the shareholders of such a monopoly have had the authority to adjust rates, eliminate rivals, thereby dominate the competition within the specific geographical region.
  • Antitrust laws in the United States discourage monopolies and whatever other practices which unduly restrict competitor's commerce. The form of trade restriction shown by this illustration is the acquisition of monopoly control.

Therefore the answer to the above was its right one.

7 0
2 years ago
Mr. Lambers refuses to pay income taxes because his conscience will not allow him to support a government that spends billions o
Galina-37 [17]

Answer:

The correct answer is postconventional

Explanation:

The postconventional level is the level of understanding and acceptance of the general moral principles that inspire norms: rationally chosen principles weigh more than norms. It is made up of stage 5 and stage 6.

Stage 5: Priority rights and social contract

It is the stadium of openness to the world. It is recognized that in addition to the family, group and country itself, all human beings have the right to life and freedom, rights that are above all social institutions or conventions. Openness to the world leads, in the second place, to recognize the relativity of norms and values, but it is assumed that legitimate laws are only those obtained by consensus or social contract. Now, if a norm goes against life or liberty, the moral obligation of not accepting and confronting it is imposed.

Stage 6: Universal ethical principles

It is made aware that there are universal ethical principles that must be followed and have priority over conventional legal and institutional obligations. It works according to these principles because, as a rational being, validity has been captured and he feels committed to following them. In this stage the golden rule of morality prevails: "do to the other what I want for me". And you have the courage to face the laws that undermine universal ethical principles such as human dignity or equality. It is the supreme moral stage, that of Gandhi, of Martin Luther King and that of all people who live deeply in morality.

3 0
2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
2 years ago
Read 2 more answers
The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Ja
makvit [3.9K]

Answer:

Annual rate of inflation = [(215.9 - 210.2) / 210.2] * 100

Annual rate of inflation = 2.7%

Real income change = Nominal income change - inflation rate

Janice Real income change = 4% – 2.7%

Janice Real income change = 1.3%

This means Janice's real income did increase by 1.3%.

Jeff Real income change = 2% – 2.7%

Jeff Real income change = -0.7%

This means Jeff's real income did decrease by 0.7%.

7 0
2 years ago
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