Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In ideal gamble the executives, a prioritization cycle is followed by which the dangers with the best misfortune (or effect) and the best likelihood of

image text in transcribed
In ideal gamble the executives, a prioritization cycle is followed by which the dangers with the best misfortune (or effect) and the best likelihood of happening are taken care of first. Takes a chance with lower likelihood of event and lower misfortune are taken care of in plunging request. Practically speaking the most common way of evaluating generally hazard can be troublesome, and adjusting assets used to relieve between gambles with a high likelihood of event however lower misfortune, versus a gamble with high misfortune yet lower likelihood of event can frequently be misused

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Product Marketing Management

Authors: Suat Ozsoy

1st Edition

9798481471693

More Books

Students also viewed these General Management questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago