Answer:
Yes the statement does
Explanation:
Retaining small predictable layers of risk and transferring the unpredictable catastrophic layer of risk to a more capable body is a very good approach towards promoting appropriate risk financing decision making, this is because
Financial risk decisions are decisions taken between alternatives i.e risks associated with business activities . it is more appropriate to take alternatives with a predictable layer of risk,that way it would be easier for the management to handle the risk associated with it, while transferring the unpredictable catastrophic layer of risk to a more capable body ,like the Insurance companies .
Answer:
False
Explanation:
It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.
Answer:
Segregation of duties.
Explanation:
Segregation of duties -
The concept of segregation of duties is based on the shared responsibilities .
It refers to the method of assigning different person for different task , is referred to as segregation of duties .
It is the fundamental building block for running a business efficiently , in order to reduce any management risk .
In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .
Therefore , it is import to divide various duties .
Hence , from the given scenario of the question,
The correct answer is segregation of duties .
