XYZ corporation is an Indiana-based corporation and has 5 manufacturing plants. One of the corporation’s objectives is to have 10 manufacturing plants active with the next 5 years. The corporation employs a risk manager to minimum risks faced by the corporation. Collection of information from previous business transactions is crucial to forecasting. The risk manager is using data to analyze the risks for the future additions of manufacturing plants. Data collected was managed to ensure the data was accurate and relevant for manipulation in forecasting loss probability.
1. Do you think the risk manager should entirely depend on the data collection from existing manufacturing plants? Support your answer.

No

Explanation:

Because the reason is that there are so many aspects that we should consider during risk management. So the information required comes from different sources, it can be competitor's financial statements to consider the difference on spending and efficiencies. Furthermore there are also some health and safety related issues, repair and maintenance costs analysis and other issues that the company risk manager would consider by relying on the information of manufacturing costs. So the recommendations for risk management is always reliance on wider sources of information.

answer; the above statement is (true);

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi