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Efficiency is base of the economics.
NEW QUESTION: 1
If the probability of hot weather, given a hot weather forecast, is 50%, how much would the vendor be willing to pay for the forecast?
A. US $1,000
B. US $300
C. US $600
D. US $500
If the weather is hot and coffee is served, the vendor earns US $1,900. If the vendor knows the weather will be hot, she would sell soft drinks and make U $2,500, a US $600 increase.
Thus, the vendor should be willing to pay up to U $600 for perfect information regarding hot weather. However, if the forecasts are only 50% accurate, the information is not perfect. Accordingly, the vendor should be willing to pay only U $300 the U $600 potential increase
in profits 50%) for the sometimes accurate forecasts.
NEW QUESTION: 2
Which of the following is correct with respect to roles within an enterprise-wide risk management process?
1.The board provides oversight to the risk management process.
2.Executive management owns the risk management framework.
3.Senior management is assigned ownership of risks.
4.Internal audit modifies the risk assessment determined by management.
A. 1, 2, and 3 only
B. 3 and 4 only
C. 1, 2, 3, and 4
D. 1 and 2 only
NEW QUESTION: 3
A. Option B
B. Option C
C. Option A
D. Option D
NEW QUESTION: 4
A company is using AWS CloudFormation to deploy its infrastructure. The company is concerned that, if a production CloudFormation stack is deleted, important data stored in Amazon RDS databases or Amazon EBS volumes might also be deleted.
How can the company prevent users from accidentally deleting data in this way?
A. Modify the CloudFormation templates to add a DeletionPolicy attribute to RDS and EBS resources.
B. Configure a stack policy that disallows the deletion of RDS and EBS resources.
C. Modify IAM policies to deny deleting RDS an EBS resources that are tagged with an
D. Use AWS Config rules to prevent deleting RDS and EBS resources.