Question

In: Operations Management

Which model illustrates the probability of an event and the impact of the consequences? A. Quality...

Which model illustrates the probability of an event and the impact of the consequences?
A. Quality Improvement
B. Risk Management
C. Data Driven
D. Decision Lead

Solutions

Expert Solution

Risk Management illustrates probalility of an event and the impact of the consequences.

Risk = Probability x Consequences

Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings

keosha answered 2 years ago
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