Mgmt 1 Study guides, Class notes & Summaries

Risk - Answer- the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability - Answer- the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. What are the 2 elements associated with risk? - Answer- uncertainty of outcome + possibility of negative outcome Pure Risk - Answer- a chance of loss or no loss, but no...

Personal Financial Planning Pyramid - Answer-bottom to top: 1.Risk mgmt protection (life/health insurance), 2.Wealth accumulation (savings & accumulation, growth & diversification, speculation investments) 3. Wealth distribution Traditional Risk Management Process (TRM) of an Organization - Answer-1. Identify Risk 2. Evaluate Risk 3. Select a Risk Management Technique to treat each risk 4. Implement and Review Risk Management (RM) Techniques to treat risk - Answer-Risk avoidance Loss Con...

Personal Financial Planning Pyramid - bottom to top: 1.Risk mgmt protection (life/health insurance), 2.Wealth accumulation (savings & accumulation, growth & diversification, speculation investments) 3. Wealth distribution Traditional Risk Management Process (TRM) of an Organization - 1. Identify Risk 2. Evaluate Risk 3. Select a Risk Management Technique to treat each risk 4. Implement and Review Risk Management (RM) Techniques to treat risk - Risk avoidance Loss Control Risk Retension ...

Product Mgmt Certification (AIPMM) Already Passed What is the #1 reason for new product failure? Weak value proposition and/or differentiation What are other reasons for new product failure? Insufficient up-front homework, lack of customer input, scope creep, functional silos, lack of focus, lack of competency What are the four "Ps" of Marketing? Product, Price, Place, Promotion What is Promotion? How to market the product What is Place? Channel we sell product to customers on What is Pri...

CTPRP Exam Questions and Answers With Complete Solution Latest (Score A+). outsourcer - ANS the entity delegating a function to another entity, or is considering doing so outsourcer - ANS the entity evaluating the risk posed by obtaining services from another entity fourth party/subcontractor - ANS an entity independent of and directly performing tasks for the assessee being evaluated drivers for third party risk assessments - ANS ISO 27002, FFEIC Appendix, OOC Bulletins, FFEIC CAT Tool, ...

MGMT 5220 TEST 1 WITH ALL QUESTIONS AND ANSWERS 2024...

United States Reports correct answer: Abbreviation U.S Supreme Court reporter correct answer: Abbreviation S.Ct. Federal Reporter, 3rd series correct answer: Abbreviation F. 3d Federal reporter, 2nd series correct answer: Abbreviation F.2d Federal Supplement correct answer: Abbreviation F. Supp Federal Supplement, 2nd series correct answer: Abbreviation F. Supp. 2d United States Code correct answer: Abbreviation U.S.C Statutes at Large correct...

MGMT 5220 Test 1 With Correct Answers...

Midterm 1 Bergstrom MGMT 200 UW (2022/2023) (Verified Answers) state of nature symbol of anarchy, the condition before the rule of positive law comes into being 4th amendment Protection from unreasonable search and seizure. Jacobsen v. Seattle, US v. skip worth Jacobsen v. Seattle (1983) decided that there were exceptions to the search warrant requirement that 'provided for those cases where societal costs of obtaining a warrant could pose danger toward a law enforcement official or risk the ...

Three Broad Government Spending Purposes 1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Integrity Act o...