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ESSAY QUESTIONS
Instructions: Answer all questions in a single document. Then submit to the appropriate assignment folder. Each response to a single essay question should be about a half-page in length (about 150 words).
1. In this week's readings, you learned about two methods of risk analysis: quantitative assessment and qualitative assessment. Explain the steps taken to assess a risk from a quantitative perspective where monetary and numeric values are assigned and discuss the formulas used to quantify risk. Then, explain the methods used to assess risk from a qualitative perspective where intangible values are evaluated such as the seriousness of the risk or ramifications to the reputation of the company.
2. Domain 1 introduced numerous security terms that are used in assessing risk. Please define the terms vulnerability, threat, threat agent, risk, exposure and control. Then, describe the three different control types and give examples for each.
After you've conducted your risk assessment and determined the amount of total and residual risk, you must decide how to handle it. Describe the four basic ways of handling risk.
Suppose you are being interviewed by Business Think. You're asked to explain the concept of a balanced budget multiplier: What is the basic idea of a balanced budget fiscal policy?
Discuss at least two alternative measures of national welfare that have been put forward? What are the primary strengths and weaknesses of these alternatives and discuss at least two alternative measures of national welfare that have been put f..
Often, there is news and critics that cast stones at the economic policies of Congress and/or the President. However, I find that average critics don't offer up an alternative solution, but simply criticize. Pretent that you are in charge for a day o..
Since 1996, the Federal Communications Commission (FCC) implemented “local number portability” rules allowing cellular phone consumers to switch cellular providers within the same geographic area and maintain the same phone number.
The market demand for woozles is given by: There is only one available technology, and it is employed by all producers actual and potential. It implies the following average cost function:
In a two firm market, let the total cost of producing a product be 2Qi, the inverse market demand be given by the function P = 20 - Q and the market quantity be equal to Q = Q1+Q2. Assume firms compete in quantities, what is the quantity for firm 1 t..
Why is the multiplier for contractionary fiscal policy smaller in an open? economy?
If inflation falls from 5% to 3% to 1.3% it is sometimes called. Typically the government: If the nominal rate of interest is 8 percent and the inflation rate is 3 percent, then the real rate of interest is: The unemployment rate is the percent of t..
Suppose you purchase a 30-year, zero-coupon bond with a yeild to maturity of 6%. You hold the bond for five years before selling it. If the bond's yield to maturity is 6% when you sell it, what is the internal rate of return on your invesment? If the..
Allison lives and banks in Texas. The reserve requirement is 20%. If Allison buys government bonds from the Federal Reserve for $1,000,000, will the money supply likely rise, fall, or not change? calculate the maximum change in the money supply from ..
A Petroleum company recently completed construction on a large refinery in Louisiana. The final construction cost was $71,000,000. The refinery covers a total of 260 acres. If the power-sizing exponent for this type of facility is .70, what is the es..
It would not pay a firm to product anything in the short run if price were
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