24,780 You have plans to go out for dinner with friends tonight. When you text one...

Transcribed Image Text:

24,780 You have plans to go out for dinner with friends tonight. When you text one of them that you are on your way, she mentions the exam you both have in financial accounting tomorrow morning. You completely forgot about this exam, and you have not studied for it! You will lower your letter grade for the class if you don't get at least an 82% on this exam. For the last few exams, you have studied and felt prepared, and your grades have been between 80% and 90%. You think it is highly likely you will not get an 82% on this test if you don't do something about it. Listed below are the actions you could take. Match each action with one of the following risk responses: acceptance, avoidance, mitigation, or transfer. An action may fit more than one risk response type, so choose the ones you think match best. 1. You cancel your plans and stay up all night cramming. You risk being tired during the test, but you think you can cram enough to just maybe pull this off. 2. You cancel your plans and study for two hours before your normal bedtime and get a good night's rest. Maybe that is going to be enough. 3. You go to dinner but come home right after to study the rest of the night. You think you can manage both. 4. You go to dinner and stay out with your friends afterward. It is going to be what it is going to be, and it is too late for whatever studying you can do to make any difference anyway. 5. You tell your friends you are sick and tell your professor you are too sick to attend class the next day. You schedule a makeup exam for next week and spend adequate time studying for it. 6. You pay someone else to take the exam for you. (Note: It happens, although this is a terrible idea. Never do this! It is unethical, and the consequences may be severe.) Mitigation Mitigation Mitigation Acceptance Avoidance and Mitigation Transfer 24,780 You have plans to go out for dinner with friends tonight. When you text one of them that you are on your way, she mentions the exam you both have in financial accounting tomorrow morning. You completely forgot about this exam, and you have not studied for it! You will lower your letter grade for the class if you don't get at least an 82% on this exam. For the last few exams, you have studied and felt prepared, and your grades have been between 80% and 90%. You think it is highly likely you will not get an 82% on this test if you don't do something about it. Listed below are the actions you could take. Match each action with one of the following risk responses: acceptance, avoidance, mitigation, or transfer. An action may fit more than one risk response type, so choose the ones you think match best. 1. You cancel your plans and stay up all night cramming. You risk being tired during the test, but you think you can cram enough to just maybe pull this off. 2. You cancel your plans and study for two hours before your normal bedtime and get a good night's rest. Maybe that is going to be enough. 3. You go to dinner but come home right after to study the rest of the night. You think you can manage both. 4. You go to dinner and stay out with your friends afterward. It is going to be what it is going to be, and it is too late for whatever studying you can do to make any difference anyway. 5. You tell your friends you are sick and tell your professor you are too sick to attend class the next day. You schedule a makeup exam for next week and spend adequate time studying for it. 6. You pay someone else to take the exam for you. (Note: It happens, although this is a terrible idea. Never do this! It is unethical, and the consequences may be severe.) Mitigation Mitigation Mitigation Acceptance Avoidance and Mitigation Transfer

Answer rating: 100% (QA)

Answer Action Risk Response You cancel your plans and stay up all night cramming You risk being tire... View the full answer