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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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During the ____ phase of team implementation, managers have withdrawn from the daily operations and are counseling teams. Group
murzikaleks [220]

During the<u> self-managing teams </u>phase of team implementation, managers have withdrawn from the daily operations and are counseling teams.

<u>Option: D</u>

<u>Explanation:</u>

When business is in the form of start-up than it need huge attention from leading members like manager, employer, team leader, etc. But after training workers, employee and staff regarding their work and duties, the procedure they need to follow, timing, etc, the main leader concentrate more on counsel them, related to obstacles they face while performing their duties.

This is because after training and leasing some time to gain experience in firm, it is understood by manger that the team must have reached to self management, thus concentrating on daily operations is totally a work of team leader. But still when they need guidelines related to new strategies, ongoing improvement, physical and mental issues due to work load, how to remain in pace, etc manger counsel them.

7 0
1 year ago
In Rick's PPI, he notes the description, location, cost, and time of purchase. What is he missing?
blsea [12.9K]

Answer:

I think A but i might be wrong

Explanation:

5 0
1 year ago
Mikes Inc. has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.85 Direct labor $ 3.60 Var
marshall27 [118]

Answer:

Marginal cost: $13.70

Missing question:

Additional cost from increasing their output by one unit.

Explanation:

The company will inccur only the variable cost as the fixed cost are within the relevant range:

Direct materials $ 6.85

Direct labor $ 3.60

Variable manufacturing overhead $ 1.25

Sales commissions $ 1.50

Variable administrative expense $ 0.50

Total variable cost: $13.70

producing an additional unit will genrate marginal cost for $13.70

4 0
1 year ago
Unlike merchant wholesalers, ___________ never actually own the goods they help to distribute. rack jobbers retailers cash-and-c
ANEK [815]
The correct answer is agents and brokers. Agents and brokers are considered to be a non-manufacturing traders by which they sell, buy, or even facilitate the traded products of which the goods that they sell are not theirs or they didn't actually owned it.
6 0
1 year ago
. Ashley has an individual medical expense insurance policy with a $1,000 calendar-year deductible and a 80–20 percent coinsuran
tia_tia [17]

Answer:

Amount insurer pays = $7000

Amount Ashley pays = $3000

Explanation:

Given that

Deductible = 1000

Incured medical Bill's = 10,000

On a 80-20 coinsurance clause

The insurer pays 80% of incured cost minus deductible and Ashley pays 20% of incured cost plus deductibles.

Therefore

Amount insurer pays = (10000 × 0.8) - 1000

= 8000 - 1000

= $7000

Amount Ashley Pays = (10000 × 0.2) + 1000

= 2000 + 1000

= $3000

7 0
2 years ago
Read 2 more answers
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