As an epidemiologist at Columbus Public Health, you are responsible for analyzing how cases of influenza correlate with people’s socioeconomic background. What types of effects are you investigating?
From a system safety perspective, change analysis is an anal…
From a system safety perspective, change analysis is an analysis: Select one:
Marcus points out a key operational flaw at Planet Popcorn….
Marcus points out a key operational flaw at Planet Popcorn. What is it?
Which one of the following statements about root cause analy…
Which one of the following statements about root cause analysis (RCA) is true? Select one:
Brendan is a new risk manager at Shelton Manufacturing in No…
Brendan is a new risk manager at Shelton Manufacturing in North Carolina. Because the company has never experienced any consequences from a hurricane, the previous risk manager never really analyzed the risks associated with such an event. Brendan feels that a hurricane could trigger multiple far-reaching consequences and that the risk requires a thorough analysis. Due to Shelton Manufacturing’s lack of historical data, Brendan has decided to use a structured process that incorporates expert opinions into the probability estimations. Which one of the following types of risk assessment is Brendan using? Select one:
Which one of the following best describes the categories of…
Which one of the following best describes the categories of risk included in the enterprise risk management model? Select one:
The use of risk quadrants to identify and categorize risk pr…
The use of risk quadrants to identify and categorize risk provides a framework for: Select one:
What significant problem does Marcus identify at Planet Popc…
What significant problem does Marcus identify at Planet Popcorn upon his arrival?
Company G is a manufacturer of high profile golf equipment….
Company G is a manufacturer of high profile golf equipment. The risk management professional for Company G is concerned about loss of business related to product design. Failing to respond to changing customer demand and preferences in the design of golf clubs could cost Company G significant market share. Categorized according to the quadrants of risk, this exposure to loss is classified as: Select one:
In the energy sector, a company evaluates the risk of a crit…
In the energy sector, a company evaluates the risk of a critical supply disruption that occurs with a probability of 0.05. If a disruption occurs, there is a 40% chance it can be resolved within 24 hours (minor impact) and a 60% chance it will take up to a week to resolve (major impact). Assuming the costs are $1,000 per day for minor impacts and $10,000 per day for major impacts, what is the expected cost of a disruption event?