CH 2

Question 1

quantitative research

Answer 1

answers to questions when those answers need to be expressed in statistical or numerical form

Question 2

qualitative research

Answer 2

answers to questions that don’t demand a quantified answer

Question 3

financial risk

Answer 3

interest rates
foreign exchange
credit

Question 4

strategic risks

Answer 4

competition
customer changes
industry changes
customer demand

Question 5

operational risks

Answer 5

regulation
culture
board composition

Question 6

hazard risks

Answer 6

contracts
natural events
suppliers
environment

Question 7

3 key questions in preliminary

Answer 7

1) what are the major opportunities and issues the business faces?
2) what prevents the business capitalizing on the opportunity or dealing with the issues?
3) how can the consultants service help the business overcome this block ?