Quantitative Risk Analysis Logic Models Generally Consist of ___________ and ______

question 106

Multiple Choice

Quantitative risk analysis logic models generally consist of ___________ and ______

• A) Event tees and fault trees
• B) Product trees and loss trees
• C) Likelihood trees and consequence trees

Differentiate between one-way and two-way communication and their uses.

Recognize the role of feedback in communication.

Understand the differences between formal and informal communication channels.

Appreciate the impact of cultural differences on communication.

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Definitions:

Fixed Costs

Charges that are unaffected by production or sales volume, for example, monthly rent or payroll expenses.

Selling Price

The price at which a product or service is offered to customers.

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating the portion of sales available to cover fixed costs and generate profit.

Fixed Costs

Expenses that do not fluctuate with changes in production level or sales volume, such as lease payments, salaries, and insurance.