Risk Avoidance is the most drastic method of dealing with risks. While other methods are aimed at reducing the probability of loss or the severity of the potential impact and financial consequences of risks to which an individual or organization is exposed, successful risk avoidance results in the total elimination of the exposures due to a specific risk. The avoidance of risks involves abandoning of some activity, or performing tasks in another way or at a different location. This means that one can avoid risks by effecting changes in the nature of an organization’s activities e.g. changing production processes or effecting changes in location of operations. Business Training in Kenya has more articles.
Entrepreneur Training Kenya is conducted to facilitate small business owners, large private organization and the upcoming business people with enough knowledge in business. Entrepreneurs are people who have business ideas and have taken a step ahead in putting the ideas into practice. Not all entrepreneurs have skills of doing profitable business. Therefore, Entrepreneur Training Kenya equips the business people with the best strategies that will not only make them become good entrepreneurs but also make the businesses competitive. Business Training in Kenya has more articles.
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Applied Mathematics is a branch of mathematics that concerns itself with mathematical methods that are typically used in science, engineering, business, and industry. Applied Mathematics is a mathematical science with specialized knowledge. Applied Mathematics also describes the professional specialty in which mathematicians work on practical problems; as a profession focused on practical problems. Applied Mathematics focuses on the formulation and study of mathematical models.
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Importance Of Applied Mathematics
Applied Mathematics is used to help understand the real world and to help to change parts of it Man’s benefit. Applied Mathematics is used in such diverse fields as engineering, physics, biology, economics, environmental studies, chemistry, political studies, medicine etc. Applied Mathematics is used in fields such as number theory that are part of pure mathematics and are now important in applications (such as cryptography), though they are not generally considered to be part of the field of Applied Mathematics. Sometimes the term applicable mathematics is used to distinguish between the traditional Applied Mathematics that developed alongside physics and the many areas of mathematics that are applicable to real-world problems today. Applied Mathematics focuses on the formulation and study of mathematical models. In the past, practical applications have motivated the development of mathematical theories, which then became the subject of study in pure mathematics, where mathematics is developed primarily for its own sake. Applied Mathematics has substantial overlap with the discipline of statistics. Statistical theorists study and improve statistical procedures with mathematics, and statistical research often raises mathematical questions.
Drawback Of Applied Mathematics
This article deals with Basic Concepts of Logic. This segment is captured from ‘Traditional logic: An introduction’ by Dr. Oriare Nyarwath. Logic is the study of the principles of reasoning. Reasoning is a process through which an inference is made from other words. In other words, it is a process of drawing conclusion from other propositions called premises. Therefore, in Basic Concepts of Logic, the study of reasoning is the study of arguments.
Arguments as Basic Concepts of Logic
An argument is a set of propositions in which one of the proportions is claimed to be established on the basis of the truth of the other propositions either necessarily or by some probability as Basic Concepts of Logic. The one whose truth is asserted on the basis of the truth of the others is called a conclusion while those whose truth provides the basis for the truth of the conclusion are called premises.
Therefore arguments as Basic Concepts of Logic can as well be defined as sets of propositions and a conclusion. Since a conclusion is drawn or inferred from premises, an argument then must have at least two propositions, one being a premise and the other a conclusion, but at most an infinite number of premises and conclusions. E.g. since we are in the month of December, next month must be January. In this example, the premise is ‘we are in the month of December’ and ‘next month is January’ is the conclusion.