Define the term and give an example of each of the following types of risks (i.e.,...

Define the term and give an example of each of the following types of risks (i.e., true, estimated, perceived, acceptable, & optimal) as they relate to changing oil in your car. You must justify each response.

Solutions

Expert Solution

Is the question incomplete?

Changing oil in the car is a perceived risk.

Because every user knows after a particular number of kilometers the oil should be changed. Otherwise it will affect the performance of the car. Company also warn the users to do the same.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Define the following terms. Give an example of the relevance of the term in an industrial...

Define the following terms. Give an example of the relevance of the term in an industrial setting. i.Boiling Point: ii. Vapor Pressure: iii. Lower Explosive Limit: iv. Upper Explosive Limit: v. Rate of Evaporation:

Define and give unique example for the following term: (Please do not copy from textbook it...

Define and give unique example for the following term: (Please do not copy from textbook it needs to be in your own words) Opportunity Cost Positive and normative statments Production possibilities frontier Productive efficiency

Define, explain and give a case study example of the following terms: Open Payment Term ...

Define, explain and give a case study example of the following terms: Open Payment Term Parol Evidence Risk of Loss

Define and compare the following types of costs, providing an example of each at your workplace:...

Define and compare the following types of costs, providing an example of each at your workplace: Please write 700 words Sunk costs Incremental costs Fixed costs Variable costs Marginal costs Opportunity costs Out of pocket costs

Why are some risks diversifiable and some nondiversifiable? Give an example of each.

For each of the following terms, define and give an example. a) Liquidity b) Discount rate...

For each of the following terms, define and give an example. a) Liquidity b) Discount rate c) Adverse Selection d) Insurance e) Occupational crowding f) Complementary and substitute immigration

1.1 In your own words, define and give an example of each of the following statistical...

1.1 In your own words, define and give an example of each of the following statistical terms. a. population b. sample statistic e. c. parameter d. statistical inference 1.2 Briefly describe the difference between descriptive statistics and inferential statistics. 1.3 A politician who is running for the office of mayor of a city with 25,000 registered voters commissions a survey. In the survey, 48% of the 200 registered voters interviewed say they plan to vote for her. a. What is...

Question