14 principles of management on mcdonalds

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14 principles of management on mcdonalds

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Title: PRINCIPLES OF RISK MANAGEMENT Page Link: PRINCIPLES OF RISK MANAGEMENT - Posted By: seminar surveyer Created at: Monday 24th of January 2011 07:08:25 PM
Professor. George Flanigan Chance of Loss The Probability that an event that causes a loss will occur Objective probability A PRIORI Probability: Determined by deductive reasoning / Logical deductions such as in games of chance. Empirically determined by inductive reasoning through analysis of data Subjective probability: A personal estimate of the chance of loss. It need not coincide with objective probability and is influenced by age, sex, intelligence, educa..............etc [:=Read Full Message Here=:]

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