1.decision should be made under expected value is *

a) highest cost of production

b) highest profit

c) highest EMV

d)highest impact

2.which of the following is not the strategies under risk management *

a.Crop diversification

b. debt res-structuring

c. monetarily lose out

d. financial hedging

topic under risk programming *

a.MOTAD Programming

b.Mean Absolute Deviation

c.Direct Maximization of Expected Utility

d.minimax regret table

4.tools and techniques suitable to conduct quatitative risk analysis are *

a.expert judgement

b.risk urgency assessment

c.probability and impact matrix

d.decision tree analysis

act as a tool for analyzing situations where the individual does not know which outcome may result from that decision is referred to which theory. *

risk aversion

stochastic dominant

expected value

expected utility

as wealth increases, holding more stakes in risky assets is the statement for? *

increasing relative

decreasing relative

increasing absolute

decreasing absolute

What may seem like a minor risk can quickly expand to become a significant concern. Avoid assuming that some threats don't need to be considered. It's better to document all risks, then analyse and assign a weighting that can be re-evaluated later. The explanation above is the process of *

Develop strategies to address risks based on their priority.on 1

Rate and prioritize each risk

Isolate all potential risks

Monitor each risk and re-evaluate

below are the advantages conducting risk analysis except for *

improves project control

improve level of uncertainty

decrease impact of negative events

improves organizational learning

combination of expected income and standard deviation of income that yield the same utility is the definition for *

expected utility

indifferent curve

risk aversion

risk identification

hiring outside resource to conduct field operation is the example for *

risk acceptance

risk mitigation

risk tranference

risk avoidance

the examples of situations where provide an uncertain flow of money or service to its owner are as below except for? *

insurance

bonds

stock price

capital gains

which of the following is not the criteria in the decision-making process under expected value-variance *

high expected value

high return on investment

high coeficient of variance

low standard deviation

in order to respond to the assessed risks, organization should apply effective strategies and this process should be as below except for *

owned by responsible person

faster

realistic

cost effectiveness

risk can be categorized to illustrate most vulnerable arears of the project, categories include *

WBL

RBS

SBW

BSR

Risk response planning is the process on how minimize the probability of the negative risks as well as enhancing the opportunities refer to: *

Monitor the risk

Analyse the risk

Rank the risk

Treat the risk

help to identify and assess potential threats that could affect the success of a business or project is the process of *

risk monitoring

risk control

risk analysis

risk mitigation

The uses of linear programming are as below except for *

optimum line balancing ti have minimum idling time

optimum allocation of profit to obtain maximum return of investment

optimum schedule of orders to minimize the total cost

optimum allocation of jobs between machine for maximum utilization of machine

a technique used to show the effect of changing one or more variables on an outcome *

qualitative analysis

monte carlo analysis

sensitivity analysis

decision tree analysis

come up with contingency plan to cope with its consequences is the strategies for *

risk mitigation

risk tranference

risk acceptance

risk avoidance

they show no preference between a certain income and an uncertain one with the same expected value is referred to *

risk aversion

risk taking

risk loving

risk neutral

to calculate the expected value, the information needed is *

the financial condition and probability

profit or loss

probability

impact and severity

Exposure to workplace violence and work overload, role ambiguity and lack of support from team members are the examples for? *

biological hazard

physiological hazard

physical hazard

chemical hazard

the measurement of risk aversion can be done through which methods *

Arrow Pratt absolute risk aversion

slightly risk aversion

relevant risk aversion

highly risk aversion

the characteristic of risk should be identified and recorded in *

risk templete

risk scanning

risk register

risk report

The method been routinely applied in other planning problems in agriculture, such as the formulation of least-cost diets for farm animals is the method for *

MOTAD programming

Direct maximization of expected utility

linear risk programming

mean absolute deviation

impact and probability is used to evaluate *

risk identification

risk treatment

risk monitoring

risk assessment

Identifies optimal cropping patterns in the Gwembe Valley by using Target MOTAD Model. The results of the Target MOTAD Model indicate an optimal cropping pattern of growing sorghum, rice and soyabeans. the statement above is the example application of *

MAD

MOTAD

MEAN

MODE

which of the following is not the expected value decision making *

Expected value opportunity loss

expected value treat loss

expected value of perfect information

expected monetary value

helps investors determine whether they are taking on an appropriate level of risk given the likely outcome of the investment is the purpose of *

risk aversion

expected utility

risk handling

scenario analysis

Risk data quality assessment may include as below except for *

data integrity

data quantity

data reliability

data quality