Microsoft's Risk Management Model Includes ____

question 23

Multiple Choice

Microsoft's risk management model includes ____.

• A)category, which specifies the risk type
• B)probability, which indicates the degree of adverse effect should the risk occur, on a scale of 1 to 10
• C)impact plan, which identifies plans to control or limit the risk
• D)contingency, which identifies a condition that would initiate the contingency plan

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Definitions:

Carrying Cost

Carrying cost represents the total cost of holding inventory, including storage costs, insurance, depreciation, and opportunity costs among others.

Canada Manu.

Reference to manufacturing activities or industries located in Canada, often involving the production of goods using Canadian resources.

EOQ

Economic Order Quantity (EOQ) is an inventory management formula that determines the ideal order size that minimizes the total costs of holding and ordering inventory.

Ordering Costs

Expenses incurred in placing and receiving orders from suppliers, including costs related to ordering and receiving goods.