After Major Risk Are Identified Which of the Following Data

question 37

Multiple Choice

After major risk are identified which of the following data should NOT be obtained for analysis

• A) probability of each risk occurring
• B) Range or distribution of possible outcomes
• C) probability of each outcome
• D) the expected time of each outcome
• E) the person responsible for each outcome

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Definitions:

Yield Management Pricing

A pricing strategy that involves adjusting prices based on changing demand and supply conditions, often used in industries like airlines and hotels to maximize revenue.

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage of markup to the product's cost.

Target Return On Investment Pricing

Pricing strategy where the price is set based on the desired return on investment.

Standard Markup

The common percentage added to the cost price of goods to determine their selling price.