. This risk relates to conditions that limit the organization's ability to obtain, deploy, and retain enough suitably qualified and motivated workers. Group of answer choices Personnel risk None of the choices Motivation risk Malfeasance risk Human risk
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3.
This risk relates to conditions that limit the organization's ability to obtain, deploy, and retain enough suitably qualified and motivated workers.
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- . Define the uncertain variable cells?3. The manager for a manufacturing company must recommend whether to construct a large plant, construct a small plant or do nothing. He estimates the long-run profits in $ as follows: State of Nature Alternative Good Average Poor Market($) Market ($) Market ($) Construct a 100,000 35,000 -60,000 large plant Construct a 75,000 25,000 -40,000 small plant Do nothing -5,000 0 0 Probability 25% 50% 25% Solve using: A. Expected Opportunity Loss B. Expected Value of Perfect Information6- In decision making process, the worst alternative is the one which have a. More positives with less negatives b. Less positives with less negatives c. More negatives with less positives d. More positives with more negatives
- 32 true or false A rational decision will never fail to provide the best and most successful solution to a problem.1. Explain the hypotheses of H1, H2 and H3.Seneca Hill Winery recently purchased land for the purpose of establishing a new vineyard. Management is considering two varieties of white grapes for the new vineyard: Chardonnay and Riesling. The Chardonnay grapes would be used to produce a dry Chardonnay wine, and the Riesling grapes would be used to produce a semidry Riesling wine. It takes approximately four years from the time of planting before new grapes can be harvested. This length of time creates a great deal of uncertainty concerning future demand and makes the decision concerning the type of grapes to plant difficult. Three possibilities are being considered: Chardonnay grapes only; Riesling grapes only; and both Chardonnay and Riesling grapes. Seneca management decided that for planning purposes it would be adequate to consider only two demand possibilities for each type of wine: strong or weak. With two possibilities for each type of wine it was necessary to assess four probabilities. With the help of some forecasts in…
- Answer A.2 a-e a-c is in the picture here is d and e d) What is the qually likely decision? e) Develop a decision tree. Assume each outcome is equally likely, then find the highest EMV.From a risk management perspective, what are possible interpretations of 'probability'?true or false 8.Influence diagrams cannot be regarded as a method for eliciting decision trees.
- Scenarios for Risk Management in Capex Decisions31.Which of the following risk responses would be most likely to be given consideration for an organization which is a trade importer and exporter? Group of answer choices Accept risk Reduce risk Avoid risk Share riskWhat are the advanatges and limitations of using each Quantitaive Risk Assessments such as Bayesian Network, Fault Tree Analysis, Event Tree Analysis and Bow Tie Analysis in the oil refinery storage industry?