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2 years ago

What are the benefits an organization can receive from the adoption of a risk management system?

1 answer:

4 0

Preventative hazard administration packages furnish larger perception into insurance, indemnity and legal responsibility troubles and enable the organization to higher focus and structure its inquiry.

<h3>What are the advantages of threat management in an organization?</h3>

Benefits of threat management consist of the following:

multiplied attention of threat throughout the organization;

greater confidence in organizational objectives and goals due to the fact threat is factored into strategy;

higher and more efficient compliance with regulatory and interior compliance mandates due to the fact compliance is coordinated;

<h3>What is the primary reason of risk management?</h3>

The purpose of hazard management is to discover conceivable issues before they occur, or, in the case of opportunities, to attempt to leverage them to cause them to occur. Risk-handling activities may additionally be invoked at some stage in the existence of the project.

Learn more about risk management here:

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The __________ element of a business process includes people or computer applications assigned to roles.

nikdorinn [45]

The <u>Resources</u> element of a business process includes people or computer applications assigned to roles.

Operations management includes three degrees: strategic, tactical, and operational.

at the maximum essential level, control is a subject that consists of a fixed five well-known capabilities: making plans, organizing, staffing, main and controlling. those 5 capabilities are a part of a body of practices and theories on how to be a successful supervisor.

Operations control (OM) is the enterprise feature answerable for dealing with the technique of introduction of products and services. It entails planning, organizing, coordinating, and controlling all the assets needed to produce an organization's items and offerings.

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5 0

2 years ago

On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that

Julli [10]

Answer: $20,000

Explanation: This question deals with Compensated Absence.

A compensated absence refers to paid holidays and other paid time off. According to accounting principles, expenses are recognized in the same period they are incurred. When it comes to compensated absences that are deferred to a later year (or period), the amount must be recorded as a liability in the year they are incurred.

Because of this, $40,000 (an average of $800 per week for a total of 500 vacation weeks) will be charged to 2021 expense as a liability.

The amount of salaries expense related to 2022 compensated absence is the average 5% pay rise in 2022.

The amount is therefore 5% X $800 X 500 weeks = $20,000

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3 years ago

If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i

Gala2k [10]

Answer:

Explanation:

Increase in money supply ($ billion) = Increase in reserves / Reserve ratio

Increase in money supply ($ billion) = 150 / 0.1

Increase in money supply ($ billion) = 1,500

Increase in price level = (Increase in money supply / 100) * 0.2

Increase in price level = (1,500/100) * 0.2

Increase in price level = 3%

8 0

3 years ago

Money is to an economy what language is to communication. What does this statement mean?

Tasya [4]

Answer:

What does economy of language mean?

Explanation:

The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, and the costs and benefits of language planning options, preservation of minority languages, etc. Language can be an expression of symbolic power.

8 0

3 years ago

Of fifo or lifo, which method would produce the more favorable cash flow? fifo, because of it produces lower income tax expense

quester [9]

FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.

4 0

3 years ago