full working out please Question 2 (13 points) Check whether the followings are

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full working out please

Question 2 (13 points) Check whether the followings are True or False and if false give reasons 1. The goal of risk management is to minimize potential risks and opportunities 2. Proper risk management will reduce the likelihood of an occurred event, and the a) 3. Fall back plans are used as a reaction to a risk that has occurred and the primary 4. Exploit is used when the organization wishes to modify the size of an opportunity 5. Variance & trend analysis are two techniques that are used in risk monitoring and 6. It is casier to win a competitor with a small mean of (B/C) compared with a 7. When the standard deviation of the (B/C) ratio of a competitor is small, winning magnitude of its impact response proves to be inadequate by increasing probability and /or positive impact control competitor with a higher mean. this competitor becomes easier to predict.

Explanation / Answer

1. the goal of risk management is to minimize potential risks and opportunities.-True

2. True

3. False

4. False

5.True

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