Which of the following will you put into box 2?
The correct answers are as follows:
Cashflow issues can lead to serious financial problems and the company going bust. Therefore this risk must be treated.
Which of the following will you put into box 3?
The correct answers are as follows:
The consequences of this risk are huge, therefore the risk should be terminated. This means the cause of the risk is taken away (i.e. the animal testing).
Which of the following will you put into box 4?
The correct answers are as follows:
The consequences of this risk are huge, therefore the risk should be terminated. This means the cause of the risk is taken away (i.e. the animal testing).
Which of the following will you put into box 5?
The correct answers are as follows:
A force majeure clause within a contract would allow XWY to end any contracts it is unable to fulfil without repercussions if an earthquake were to strike.
Which of the following will you put into box 5?
The correct answers are as follows:
Standardised payment terms would help with cashflow. For example every client must pay within 30 days.
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