Question: If a risk was determined to have a Low Probability of occurring but a High Impact, the best way to manage this risk is ____

If a risk was determined to have a Low Probability of occurring but a High Impact, the best way to manage this risk is ____ .

Risk Transfer

Risk Mitigation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. Label the six phase changes of water on the diagram below (Figure 6.2). Solid Ice Liquid Water Figure 6.2: Phase Changes of Water. (Invisible) Gas Water Vapor

Q:

QUESTION 40 If a risk was determined to have a Low Probability of occurring but a High Impact, the best way to manage this risk is Risk Avoidance O Risk Mitigation Risk Acceptance Risk Transfer

Q:

Cuestion completion Status: QUESTION 16 If a risk was determined to have a Low Probability of occurring but a High Impact, the best way to manage this risk is O Risk Transfer O Risk Acceptance Risk...

Q:

If a risk was determined to have a Low Probability of occurring but a High Impact, the best way to manage this risk is Risk Avoidance Risk Acceptance Risk Mitigation Risk Transfer

Q:

If a risk was determined to have a High Probability of occurring and a High Impact, the best way to manage this risk is q , Risk Avoidance Risk Transfer Risk Mitigation Risk Acceptance

Q:

If a risk was determined to have a High Probability of occurring and a High Impact, the best way to manage this risk is _ _ _ _ . Risk Avoidance Risk Transfer Risk Mitigation Risk Acceptance

Q:

Salvatore Adamo was the head of Vintel Corp s Risk Management Department. His responsibility was to manage risks for many of the company s products. However, one particular product had major risk...

Q:

Salvatore Adamo was the head of Vintel Corp s Risk Management Department. His responsibility was to manage risks for many of the company s products. However, one particular product had major risk...

Q:

Salvatore Adamo was the head of Vintel Corp s Risk Management Department. His responsibility was to manage risks for many of the company s products. However, one particular product had major risk...

Q:

Probability and Impact Jovana Riddle Salvatore Adamo was the head of Vintel Corp's Risk Management Department. His responsibility was to manage risks for many of the company's products. However, one...

Q:

please do not copy from other answers. Try to answer differently. Salvatore Adamo was the head of Vintel Corp's Risk Management Department His responsibility was to manage risks for many of the...

Q:

If XYZ does nothing to manage copper price risk, what is its profit 1 year from now, per pound of copper? If on the other hand XYZ sells forward its expected copper production, what is its estimated...

Q:

Suppose that you are testing the following hypotheses where the variance is unknown: H0 : 100 H1 : 100 The sample size is n = 12. Find bounds on the P-value for the following values of the test...

Q:

30. Market Value Ratios (LO3) Earl Grey Golf Corp. has 25,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $43. What is the priceearnings...

Q:

A portfolio consists of the following two investments: a bond with face value of $100.00 paying annual coupons of 11% maturing in 5 years an annuity with payments of $35.00 at the end of each year...