Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
- Identify possible risks
- Evaluate the risks
- Develop and implement strategies needed to manage the risk
- Evaluate the risk and strategize implemented regularly
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For many developing nations, globalization has led to an improvement in standard of living through improved roads and transportation, improved health care, and improved education due to the global expansion of corporations. However, globalization has had a negative effect on individuals who live in developed nations.
Answer:
Euro would depreciate in value against the U.S. Dollar.
Explanation:
It can be said that if the European economy experiences a recession but not the U.S. then the most likely scenario would be that the Euro would depreciate in value against the U.S. Dollar. This means that the price of the Euro would decrease and a U.S. Dollar will be able to be exchanged for a greater quantity of European Euros.
Answer:
1.The first one is Total Quality Management(TQM)
2.The second one is E-Commerce
3.The third one is Enterprise Resource Planning(ERP)
4.The fourth one is Just-In-Time(JIT)
Explanation:
Total Quality Management is an managerial approach where customer satisfaction is seen as topmost priority by ensuring zero tolerance for defects and wastage.It is an approach of get it right the first time as there is no room for second attempt.
E-Commerce involves engaging customers through the internet instead of usual physical contact and presence. Using e-commerce channels afford a business the opportunity to reach a wider customer base locally and internationally.A typical example is Amazon.
ERP integrates all functions of the organization in such a way that all information relating to the organization can be found in one single system.
JIT is an approach to eliminate inventory in an organization,hence order is placed only when an item of inventory is required.
