All of the following are ways an organization that incorporates enterprise-wide risk management (ERM) with its strategic planning process improves its decision-making, EXCEPT It can eliminate risks to its business model.
A business model describes how an organization creates, delivers, or acquires value in an economic, social, cultural, or other context. The process of building and modifying business models, also called business model innovation, is part of business strategy.
The term business model describes a company's profit plan. Identify the products or services that the company plans to sell, the identified target markets, and the expected costs. Business models are important for both new and established companies.
In its simplest form, a business model provides information about an organization's target markets, the needs of those markets, and the role a company's products or services play in meeting those needs. Business model innovation describes the process by which an organization adapts its business model.
Learn more about business model brainly.com/question/27093440
#SPJ4
Accounting cycle has various steps to discuss, which are listed below,
Explanation:
- The first step in accounting cycle is to analyze and have a record of transactions.
- Post closing trial balance is an optional step in the accounting cycle.
- Journalizing and posting the closing entries are the steps required to complete throughout the accounting period.
- Adjustments of accounts, preparing the financial statements and closing accounts are completed at the end of accounting cycle period.
- The last step in the accounting cycle is to post closing trial balance.
Answer:
Improving Reasoning Skills:
If one can improve one’s reasoning, one can perform anything.
High-performing workers are able to analyze sophisticated streams of data and solve complex problems.
Explanation:
Reasoning skills assist one to think critically, analyze complex problems, evaluate various solutions, and summarize wider issues and information. Thus enabled, the reasoning professional can help her organization to success by tackling problems and coming up with workable solutions. In today's organizations, leadership belongs to those who can distinguish themselves as problem-solvers. This is why it is important to hone one's reasoning and critical thinking skills in order to be a solution provider.
It is to be noted that when evaluating a manager's performance on financial measures there are some limitations. Hence, companies should consider measures nonfinancial to help evaluate manager performance.
Since Desktop Computer Company would like to calculate their cash conversion cycle, the factors included in computing this metric are:
- days' sales in accounts receivable
- days' sales in accounts payable (aka days payables outstanding)
- days' sales in inventory.
<h3>What is Performance evaluation?</h3>
A performance assessment, also known as a performance review, performance evaluation, development talk, or employee appraisal, is a periodic and systematic procedure that documents and evaluates an employee's work performance.
The significance of successful performance evaluations is that they enable managers to provide fair and actionable feedback to their direct subordinates. This may boost employee engagement by providing significant praise and encouragement, as well as creating clear avenues for employee progress that are based on responsibility.
Learn more about performance evaluation:
brainly.com/question/29439902
#SPJ1
As a group oligopolists would always be better off if they would act collectively as a single monopolist.
Why do oligopolists act together?
- By acting together oligopolistic firms can hold down industry output, charge a higher price, and divide up the profit among themselves.
- When firms ac t together in this way to reduce output and keep prices high, it is called collusion.
What are the advantages of oligopoly?
- An oligopoly can adopt a competitive strategy.
- The extra profits earned from an oligopoly can go into research and development.
- It can bring price stability to the market.
- Oligopolies can offer more information to their consumers.
Learn more about oligopoly here:
brainly.com/question/26456058
#SPJ4
