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3 years ago

What is a guiding principle of composite risk management?

Business

1 answer:

xxMikexx [17]3 years ago

7 0

Explanation:

The basic principle for the risk management are as follows -

1. Do not accept unnecessary risk - unnecessary risk comes without commensurate benefits. Only absolutely necessary while Missions must be undertaken while exposing personnel and resources to the lowest possible risk.

2. Make decisions at appropriate levels to establish clear accountability, which means those responsible for success or failure must be involved in the risk decision making.

3. Accept risks when benefits outweigh the costs.

4. Integrate operational risk management (ORM) into operations and planning at all levels.

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Straw men approaches to business ethics are used to demonstrate

azamat

Answer:

D. Justice Theories

Explanation:

Justice theories just like straw men approaches is a philosophical approach to business ethics. It focuses on fair and equitable. Justice theories is more concerned with attainment of just distribution of economic goods and services.

Strawmen approaches on the other hand either choose to deny the value of business ethics or apply the concept in an unsatisfactory manner. It offers inappropriate guidelines for ethical business decision making in multinational enterprise. Some of the approaches included Friedman doctrine, cultural relativism, righteous moralist and naive immoralist.

8 0

3 years ago

General Contracting was hired by the city of Rockyville to put in a new road through a mountain pass for $2 million. General Con

REY [17]

If General Contracting is sued by Rockville for refusing to complete the job, General Contracting can have the contract discharged on an impracticability basis.

<h3>What would make a contract impractical?</h3>

When parties to a contract agree to a contract that based on normal circumstances and due course, and one party discovers that they cannot complete the contract based on unforeseen circumstances, the contact can be ruled impractical.

General Contracting could not foresee the solid granite foundation and so they could not have known they would pay so much to complete the project. The contract can therefore be impracticable.

Find out more on impracticable contracts at brainly.com/question/10160005.

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2 years ago

If someone stole from you ... and you stole it back ... would you technically still be stealing it ? .

dsp73

Answer:

yes that would still be stealing unless you where taking back what they stole from you but if you take a random thing that wasn't yours to begin with that would be stealing

8 0

3 years ago

Read 2 more answers

Tobin Supplies Company expects sales next year to be $500,000. Inventory and accounts receivable will "increase $80,000" to acco

wel

Answer:

External funds needed = $40,000.

Explanation:

An increase in the firm's retained earnings (a component of the shareholder's equity) arises as a result of higher sales volume, thereby making the Asset = Liability + Shareholder's Equity Equation unbalanced.

Therefore, there must be an increment in the firm's assets by an equal amount in order to re balance the equation. If there is an increase in assets by a greater magnitude than retained earnings increment, the gap is filled by external financing (which is a liability and increases the liability component of the equation).

Net income = Sales * profit margin = $500000*10% = $50000

Dividend= Net income * payout ratio = $50000*20%= $10000

Increase in retained earnings = Net income - Dividend = $(50000-10000)

= $40000

Increase in assets = $80000

External funds needed = $(80000-40000) = $40,000.

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4 years ago

James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon

Anvisha [2.4K]

Requirement 1: [Find attachment 1]

Requirement 2: [ Find attachment 2]

8 0

3 years ago