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sergij07 [2.7K]
3 years ago
6

What is the relationship between risk and rewards?

Business
2 answers:
dusya [7]3 years ago
6 0

Risk is an impending or unexpected injury or loss to an individual or business. Reward is a payment or even gift given to an individual for achieving a goal or  given for recognition for the efforts made. These two do have a relationship as individuals or businesses do take risks when making any decision as they cannot guarantee that the decision made would allow them to be successful but however people do take risks thinking that they will be successful and rewarded in the future and therefore we say reward and risk go hand in hand.

stiks02 [169]3 years ago
5 0

Typically the more risk the more reward.

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As a group, create a team charter for governing your future CLC activities. The charter should include plans for team building,
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Answer:

First of all to create an effective team charter as road way for your group or team, for governing CLC activities the following needs to be considered

<em>• Who are the people involved </em>

<em>• Who is a team leader and who resolves problems </em>

<em>• How long does it take to create a charter </em>

<em>• How long does the charter last </em>

<em>• Creating a Team purpose and mission to others in the organization</em>  

Explanation:

<em>Now the first Method of having a good charter team usually involves the background </em>

<em />

<em>When Creating a charter, you start from the initial stage or point. Questions would be asked on what areas of focus is this charting heading towards. Like what types of project, it would get involved in on the long /short term. </em>

<em />

<em>Questions can be asked as the following bellow, </em>

<em>• Who is a team leader </em>

<em>• What are the roles of each stakeholder in the team </em>

<em>The second Method or role after having a startup background is now to focus on the deeper aspects of the charter like </em>

<em />

<em>• How is success evaluated or measured </em>

<em>• Having a lay down principles to guide the team or group in the right track </em>

<em>• Define roles each team member would play in terms of the success of the company. </em>

<em>• Have a mission and vision statement on how the company would grow on the long term </em>

<em> </em>

<em>The third Method after the Mission and vision statement is created for a successful team charter, it’s the roles and responsibility of team members. For this stage roles and responsibilities would be assigned to each group in the charter by defining the following terms </em>

<em />

<em>• Assign who is doing this for whom and the purpose </em>

<em>• Having asses on all areas needed for the group to succeed  </em>

<em>• Ensure all Team members voice are known, expressed to their best of abilities. </em>

<em>• Create what is called RACI (Roles, Accountable, consulted, Informed) roles and responsibilities matrix </em>

<em>The Fourth Method of a successful team charter is Budget and Resources  </em>

<em>Once roles and responsibility have been established, the team/Group can access the budget and resources to carry out the tasked at hand. </em>

<em> </em>

<em>The Fifth Method of a successful team after budget and resources are, </em>

<em>The internal checks, balance and reviews. </em>

<em>The Team Members of the charter should decide, also, whether team goals assigned to members will be shown in the team members’ annual reviews. A good example of a reliable  system is the SMART goal method The goals should be: </em>

<em>• Specific </em>

<em>• Measurable </em>

<em>• Achievable </em>

<em>• Realistic </em>

<em>• Time-based </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

5 0
3 years ago
All the money available in the united states is called
lutik1710 [3]
All the money available in the United States is called Money Supply or could be the economy.
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On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16, Pryor Inc. p
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Answer:

No.      Date       Accounts titles and explanation   Debit    Credit

(a)       Jan. 6      Accounts receivable               $7,600  

                                           Sales                                             $7,600

              Jan. 16              Cash                                 $7,296  

                                   Sales discounts($7,600 * 4%) $304  

                                     Accounts receivable                              $7,600

(b)        Jan. 10        Accounts receivable                 $13,300  

                                                       Sales                             $13,300

                Feb. 12                        Cash                   $6,650  

                                     Accounts receivable                             $6,650                              

               Mar. 10             Accounts receivable          $133  

                                           Interest revenue(6,650 * 2%)     $133

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