Get premium membership and access questions with answers, video lessons as well as revision papers.
Furthermore, with a qualitative risk assessment methodology, the task is somewhat more difficult.
While the cost of the strategies is usually well known, the cost of not implementing the strategies is not, which is why a qualitative and not a quantitative risk assessment is usually performed. This includes a management-friendly description of the impact and likelihood with each risk and risk management strategy, and is considered to be extremely effective. Another effective strategic is showing the residual risk that would be in-effect after the risk management strategy was enacted.
lydiajane74 answered the question on May 13, 2018 at 23:18
- Under Risk Management Plan, differentiate between the following terms:
i) Risk avoidance
ii) Risk transfer
iii) Risk mitigation
iv) Risk acceptance
v) Residual risk
(Solved)
Under Risk Management Plan, differentiate between the following terms:
i) Risk avoidance
ii) Risk transfer
iii) Risk mitigation
iv) Risk acceptance
v) Residual risk
Date posted: May 13, 2018. Answers (1)
- What are the four basic strategies available for controlling risk? (Solved)
What are the four basic strategies available for controlling risk?
Date posted: May 13, 2018. Answers (1)
- State five functions of advertising agencies.(Solved)
State five functions of advertising agencies.
Date posted: May 12, 2018. Answers (1)
- State four advantages and five disadvantages of newspapers as a tool for advertisement(Solved)
State four advantages and five disadvantages of newspapers as a tool for advertisement
Date posted: May 12, 2018. Answers (1)
- State five advantages and five disadvantages of personal selling in product promotion.(Solved)
State five advantages and five disadvantages of personal selling in product promotion.
Date posted: May 12, 2018. Answers (1)
- State four advantages and four disadvantages of free gifts in product promotion.(Solved)
State four advantages and four disadvantages of free gifts in product promotion.
Date posted: May 12, 2018. Answers (1)
- State four merits and four demerits of showrooms as a method of product promotion.(Solved)
State four merits and four demerits of showrooms as a method of product promotion.
Date posted: May 12, 2018. Answers (1)
- Outline five methods of personal selling in product promotion.(Solved)
Outline five methods of personal selling in product promotion.
Date posted: May 12, 2018. Answers (1)
- What are some of the advantages of using journal?(Solved)
What are some of the advantages of using journal?
Date posted: May 9, 2018. Answers (1)
- Briefly outline constraints in air transit(Solved)
Briefly outline Constraints in Air Transit.
Date posted: May 9, 2018. Answers (1)
- What are the advantages of air freight?(Solved)
What are the advantages of air freight?
Date posted: May 9, 2018. Answers (1)
- Outline some of the common problems of international marketing (Solved)
Outline some of the common problems of international marketing
Date posted: May 9, 2018. Answers (1)
- Give Reasons why long term loans are difficult to raise on Kenya’s financial markets/ limitations of using long-term debts(Solved)
Give Reasons why long term loans are difficult to raise on Kenya’s financial markets/ limitations of using long-term debts.
Date posted: May 9, 2018. Answers (1)
- Outline circumstances under which a company should use short-term debt finance(Solved)
Outline circumstances under which a company should use short-term debt finance.
Date posted: May 9, 2018. Answers (1)
- What the advantages of using debt financing(Solved)
What the advantages of using debt financing.
Date posted: May 9, 2018. Answers (1)
- Give limitations of debt finance/disadvantages of using debt finance to the company(Solved)
Give limitations of debt finance/disadvantages of using debt finance to the company.
Date posted: May 9, 2018. Answers (1)
- Outline requirements a company must meet before raising debt finance(Solved)
Outline requirements a company must meet before raising debt finance.
Date posted: May 9, 2018. Answers (1)
- What are the disadvantages of using retained earnings as a source of finance to the company?(Solved)
What are the disadvantages of using retained earnings as a source of finance to the company?
Date posted: May 9, 2018. Answers (1)
- What are the advantages of using retained earnings as a source of finance to the company?(Solved)
What are the advantages of using retained earnings as a source of finance to the company?
Date posted: May 9, 2018. Answers (1)
- Explain why SACCOS are popular among employees(Solved)
Explain why SACCOS are popular among employees.
Date posted: May 9, 2018. Answers (1)