A Risk Manager Would Do Which of the Following

question 34

Multiple Choice

A risk manager would do which of the following?

• A)determine the neurological effects of a new herbicide
• B)establish rules restricting the use of a new herbicide
• C)set the purchase price of a new herbicide
• D)assess the LD50 level of a new herbicide
• E)determine the level of exposure of farm workers to a new herbicide

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Definitions:

Customers Served

A metric indicating the number of customers a business has provided products or services to within a specific time period.

Total Expenses

The sum of all costs and expenses incurred by a business or individual in a given period.

Spending Variance

The variance between the budgeted and the actual expenditure in a given category or time frame.

Planning Budget

A budget prepared for a future period that outlines expected revenues, expenses, and other financial activities to guide decision-making.