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jarptica [38.1K]
2 years ago
10

all are the major steps described by the risk management framework to information and privacy risk management except for which o

ne?
Business
1 answer:
Eddi Din [679]2 years ago
5 0

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.

<h3>What is Risk management?</h3>

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.

In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.

By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.

To learn more about Risk management refer to:

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On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May
Kazeer [188]

Explanation:

May 7

Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount

May 13

Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000

Journal entries

DATE                                     Particulars                                             Amount

May 7th                    Account receivable (+A) Dr.                                $4,000

                                                to Sales revenue (+Equity)                  $4,000

                                        ( To record the credit sales)

May 13th                 Cash (+A)  Dr.                                                         $4,000

                                                 to Accounts receivable(-A)                 $4,000

                                  (To record the receipt of cash)  

5 0
4 years ago
To make sure it has enough employees on hand during the busy holiday season, Target plans to hire thousands of temporary, season
nadezda [96]

An example of operational plan is illustrated when the firm plans to hire thousands of temporary and seasonal help for the final three months of the calendar year.

<h3>What is an operational plan?</h3>

These are plans that outlines the key activities an organisation will undertake during a period of time usually one year.

Most times, this plans are utilized to work towards achieving the aims and objectives set out in the strategic plan.

Read more about operational plan

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8 0
2 years ago
it is ideal for key management slots to be filled from outside . a. in turnaround and rapid-growth situations b. when problems w
astraxan [27]

It is ideal for key management slots to be filled from outside turnaround as well as rapid-growth situations.

So, the correct option is A.

Different sets of managerial skills are required to implement the strategy and ensure that the organization does so successfully. Strategy execution is primarily operations-driven, focusing on the management of people, business processes, and organizational structure, as opposed to strategy formulation, which is largely an analysis-driven activity focused on market conditions and the company's resources and capabilities.

Working well with and through others, developing and bolstering competitive capabilities, and developing a suitable organizational structure are all necessary for successful strategy execution. Teamwork is necessary for successful strategy execution. Every manager is accountable for implementing strategies in their spheres of influence, and every employee actively contributes to this process.

 

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3 0
1 year ago
The CSS/Financial aid PROFILE is a(n):
Alborosie

The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States-based College Board that allows college students to apply for non-federal financial aid.
5 0
3 years ago
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What is the effect of import restrictions on prices? They often cause prices to rise steeply and then drop. They cause prices to
Lostsunrise [7]

Answer:

They cause prices to rise.

3 0
3 years ago
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