Answer with Explanation:
To transform the risk management and promote the transformation process, Akawini must:
- Implement Corporate Governance policies and enforce compliance with these guidelines.
- Consistent Internal Control Reviews by conducting internal audits.
- Compliance with the Sarbanes Oxley Act and Foreign Corrupt Practice Act will enable the risk management team to consider a wider aspect of its operation which includes domestic and foreign export policies enforcement.
- Continuous Professional Development and advanced training will help them to act very efficiently and effectively minimize the level of risk the company is facing.
The progress is the process of movement towards achievement of goals and performance is the better movement towards achievement of goals.
To measurements that can be used to monitor progress and performance would be use of Key Performance Indicators and comparing the results with the actual results of company. This would help in understanding the under-performing areas and hurdles to progress. Some KPIs that the risk management team can consider are Value at risk reduced, risk threshold set, Risk to Rewards Ratio, etc.
Cost and Benefits of risk mitigation analysis will also be beneficial here because it helps the risk management team to consider the financial aspect of the decision making and thus helps in adding value to the business operation.
Answer:
a. True
Explanation:
For accomplishing the company objective, the planning plays a major role without planning the goals of the company could not able to achieve.
Also to measure the performance for each key, the benchmarks is also plays a vital role as it defines the difference between the standard performance and the actual performance
Hence, the given statement is true
Answer:
The answer is C. can earn profits or incur losses in the short run.
Explanation:
A monopolist maximizes profit or minimizes losses by producing that quantity that corresponds to when marginal revenue = marginal cost. However, if the average total cost is above the market price, then the firm will incur losses, equal to the average total cost minus the market price multiplied by the quantity produced
Answer: Frictional unemployment
Explanation:
The frictional unemployment is one of the type unemployment in which the employee or any worker are searching for the job then the searching duration is known as the frictional unemployment.
It is also known as the search unemployment and due to the stable economy the frictional unemployment is basically result into the transfer from present job to another.
According to the given question, the employees are providing the training for the purpose of reduce in the frictional unemployment process. Therefore, Frictional unemployment is the correct answer.
