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    Quiz For Chapter 12 2 2

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    Jovyl Inguito
    This document contains 7 multiple choice questions about risk management, variance analysis, break even point, and cash flow concepts from a business management chapter. The questions cover instilling risk management in employees, why people are risk catalysts, how to avoid or mitigate risk, whether a variance is favorable or unfavorable when actual cost is greater than standard cost, how variance analysis impacts profitability, how managers use break even point to achieve profit targets, and understanding the importance of cash flow in an organization.

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    Quiz For Chapter 12 2 2

    Uploaded by

    Jovyl Inguito
    6 views1 page
    This document contains 7 multiple choice questions about risk management, variance analysis, break even point, and cash flow concepts from a business management chapter. The questions cover instilling risk management in employees, why people are risk catalysts, how to avoid or mitigate risk, whether a variance is favorable or unfavorable when actual cost is greater than standard cost, how variance analysis impacts profitability, how managers use break even point to achieve profit targets, and understanding the importance of cash flow in an organization.

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    This document contains 7 multiple choice questions about risk management, variance analysis, break even point, and cash flow concepts from a business management chapter. The questions cover instilling risk management in employees, why people are risk catalysts, how to avoid or mitigate risk, whether a variance is favorable or unfavorable when actual cost is greater than standard cost, how variance analysis impacts profitability, how managers use break even point to achieve profit targets, and understanding the importance of cash flow in an organization.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    Quiz For Chapter 12 2 2

    Uploaded by

    Jovyl Inguito
    This document contains 7 multiple choice questions about risk management, variance analysis, break even point, and cash flow concepts from a business management chapter. The questions cover instilling risk management in employees, why people are risk catalysts, how to avoid or mitigate risk, whether a variance is favorable or unfavorable when actual cost is greater than standard cost, how variance analysis impacts profitability, how managers use break even point to achieve profit targets, and understanding the importance of cash flow in an organization.

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    © All Rights Reserved
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    Quiz for Chapter 12 ( 5 points each)

    1. What is the most important thing that management can instill to their employees, to
    understand/ adopt Risk management?
    2. Why people are considered risk catalyst?
    3. How risk can be avoided or mitigated?
    4. In variance analysis, when actual cost is greater than the standard cost, the variance is
    favorable or unfavorable?
    5. Explain how variance analysis can impact profitability.
    6. In analyzing the break even point, how do managers use BEP in achieving their target profit?
    7. Understand the impact of cash flows, Why Cash is so important in an organization?

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