Why does reducing cost variation reduce risk? Why does reducing fixed cost reduce risk?
Question:
Why does reducing cost variation reduce risk? Why does reducing fixed cost reduce risk?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Reducing cost variation and reducing fixed costs both contribute to risk reduction in different ways Reducing Cost Variation Risk Reduction When a business or organization can reduce the variation in ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
(a) Compute the primary Class 1 NICs payable by the following weekly-paid employees for the week ending 14 August 2020: (i) Employee A has earnings for the week of 110. (ii) Employee B has earnings...
-
Material adverse change clauses (MACs) are a means for the parties to the contract to determine who will bear the risk of adverse events that occur between the signing of an agreement and the...
-
Which of the following statements gives the best description of nowcasting? A. This method is used to forecast future trends in economic variables based on their past and current values. B. This...
-
Identify the most appropriate approach and then design. Provide a rationale as to why this approach and design would be most appropriate. Develop a hypothetical research scenario that would...
-
Radford Castings can produce brake shoes on six different machines. The following table summarizes the manufacturing costs associated with producing the brake shoes on each machine along with the...
-
(a) Consider the recurrence below defined for n 0. 3 T(n): if n = 0 7T (n - 1) +12 if n > 0 Give a closed-form solution to the recurrence. You only have to give the solution. You do not need to show...
-
You spent $500,000 on coding training last year. Is this a sunk cost? Should it be considered in making a decision whether to switch coding software?
-
The following data describe the costs for two pediatric clinics with the same revenue. Calculate the average and sample standard deviation of weekly costs. Which clinic is riskier? Week 1 2 3 4 5 6 7...
-
Verify that the infinite series converges. 18 n=1 1 n(n + 2)
-
How do you show the direction of a message on a communication diagram?
-
What are some guidelines for designing a set of use cases? Give two examples of the extend associations on a use-case diagram. Give two examples for the include associations.
-
What are the different types of visibility? How would they be denoted on a class diagram?
-
What are the steps in building a behavioral state machine?
-
You are evaluating a project that will cost $475,000, but is expected to produce cash flows of $126,000 per year for 10 years, with the first cash flow in one year. Your cost of capital is 11% and...
-
A linear probability model you have developed finds there are two factors influencing the past bankruptcy behavior of firms: the equity multiplier and the total asset turnover ratio. Based on past...
-
Write a program that initializes an array. It inputs a value from the user and searches the number in the array.
-
In your own words explain the time value of money. From your own life (either now or in a situation -that might occur in your future), provide an example in which the time value of money would be...
-
Magdalen, Miriam, and Mary June were asked to consider two different cash flows: $500 that they could receive today and $1000 that would be received 3 years from today. Magdalen wanted the $500...
-
Solve the diagram below for the unknown Q assuming a 10% interest rate. 3 2
-
Consider the following oriented graph that represents the road map between cities (figure 1). The weights on the link represent the distance between connected cities. Let A be the initial city and G...
-
State the FIVE steps in planning personal financial affairs. b) List any THREE financial plans, and identify the goal associated with each financial plan. (c) The following is an extract of Betty...
-
Determine all the weights and thresholds for the following network using backpropagation training algorithm, only for one next iteration Given inputs are 0.05 and 0.10, we want the neural network to...
Study smarter with the SolutionInn App