The writer is very fast, professional and responded to the review request fast also. Thank you.
Book/movie review
22/08/2022
Context
Risk and uncertainty are often used interchangeably in everyday discussions, but they are different, in business, two different concepts. Risk describes a situation in which we do not know the outcome, but we do know all the possible outcomes and can assign probabilities to each of these outcomes happening. Risked can be managed. Knowing the potential costs of errors, allows managers to hedge and/and or insure against costly outcomes. For example, ever since you quarterback had shoulder surgery, he only connects with the receiver one out of every four passes. You know that your kicker can score 80% of the time when your team is within 25 yards of the goal. You can make the calculation. Every time you are within 25 years of the goal, an attempted pass will get .25*6 points or the point payoff is 1.5 points. Versus the point payoff for a kick is .80*3 or the point payoff is 2.4 points. You can make a plan for the game.
Uncertainty is the situation in which we do not know all the possible outcomes and, therefore, can’t reasonably assign probability to outcomes. Uncertainty is the unknown factor(s) in decision making for managers. Per the Warfighting Manual of the U.S, Marines, Because we can never eliminate uncertainty, we must learn to fight (manage) effectively despite it. We do this by deploying simple, flexible plans; planning for likely contingencies; developing standing operating procedures; and fostering initiatives among subordinates.” (See reference in the Welcome on this week’s page.) Two entirely new teams have just joined the league. They will play each other. Someone will win, but who? (Beware of false probability, each team does not necessarily have an even chance of a win)
Assignment
Government support for the development of Covid-19 vaccines took two different forms. Some firms accepted grants (a.k.a, direct monetary support) for vaccine development and testing. As a condition of the grant, the government has options to purchase a first and specific number of vaccine doses. Other firms chose not to accept grants. Instead they negotiated advanced-purchase agreement to support pre-approval manufacturing of vaccines. The purchase agreement stipulates that payment will be made upon delivery of the pre-specified number of doses.
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more