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marishachu [46]
3 years ago
15

List and briefly describe the 6 major processes involved in risk management.

Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0
<span>Identify the Risk
</span><span>Analyze the Risk
</span><span>Prioritize the Risk
</span><span>Assign an Owner to the Risk
</span><span>Respond to the Risk
</span><span>Monitor the Risk

</span>
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In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists ten
Brut [27]

Answer:

b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

6 0
3 years ago
A broker just did something unethical , what did they do and what is it called ?
DochEvi [55]

Answer:Churning

Explanation: My teacher told us in class

6 0
2 years ago
Research shows that most managers have characteristics that fall into two or three decision-making styles, and that decision-mak
Alex787 [66]

Answer:

False

Explanation:

There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.

But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:

  1. directive: type of autocratic leadership where the leader decides everything by himself/herself
  2. conceptual: look for different alternatives and analyze each one of them
  3. consultative: seek advice from colleagues and subordinates, but the leader makes the decision
  4. consensus: seek advice from others and decisions are made by the group

The second part of the question is true; this leadership styles vary across countries, occupations and job levels.

3 0
3 years ago
Generally when do glaciers advance downward, causing further erosional landforms? throughout the entire year during colder seaso
melamori03 [73]
<span>Generally, it is during the colder seasons that glaciers tend to advance downward, causing further erosional landforms.  Items below are facts regarding Glaciers according from the <span>National Oceanic and Atmospheric Administration (NOAA) who studies the skies and the oceans: </span></span>

<span>1. </span><span>Approximately 10 percent of Earth's land is covered with glaciers. </span>

<span>2. </span>Glaciers covered 32 percent of land during the last Ice Age.

<span>3. </span>Glaciers store about 75 percent of the world's fresh water.

<span>4. </span>Antarctic ice is more than 2.6 miles approximately 4,200 meters thick in some areas.

<span>5. </span>If all land ice melted, sea level would rise approximately 230 feet (70 meters) worldwide.





4 0
3 years ago
One of your fellow investment adviser representatives (iar) at your firm recently came to you and asked for a loan. you couldn't
brilliants [131]

The Uniform Securities Act governs such actions and by performing these actions, the IAR has:

Performed an unethical business practice

Broken his fiduciary duty and created a conflict of interest

The Model Rule on Unethical Business Practices does not allow the loaning or borrowing of a client and an investment advisory representative or IAR because this may constitute a conflict of interest.

4 0
3 years ago
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