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Which of the following risks, which could severely impact on a business, is least likely to occur, in your judgment?
Suggested Answer: D
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Supplier liquidations are to be expected; workers' strikes likewise.
Cargo ships do sink, and your course creator has had cargo in at least two ships which have sunk on the high seas, one of them in The English Channel.
A global pandemic (Covid-19) was highly unlikely (2019), but arrived with devastating conse-quences for commerce and people. Low likelihood, huge impact.
Just because it seems unlikely doesn't mean it's not going to happen.
If you're seriously interested on the effect of apparently chance happenings in our lives, read Nassim Nicholas Taleb - you'll either love him or hate him.
5 comments · newest first
SU
Sue
4 days ago
A supplier going under is pretty common these days.
BE
Bernardine
9 days ago
I practiced a similar question where we had to assess likelihoods. I think the supplier liquidation is the least likely, but I could be wrong.
LA
Lashaunda
14 days ago
The pandemic risk feels like a big deal, but we talked about how rare such global events are. Maybe the strike is less likely?
SH
Sheridan
19 days ago
I’m not sure about the cargo ship sinking; it sounds extreme, but it could happen. I think I might lean towards that one.
RE
Reuben
24 days ago
I remember discussing how supplier risks are common, but liquidation seems less likely than other options.