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Mkey [24]
3 years ago
10

When does a company need to identify mission-critical business functions and quantify the impact a loss of such functions may ha

ve on the organization in terms of its operational and financial position, what should be performed
Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer: Business Impact Analysis

Explanation:

Business Impact Analysis should be carried out at least once every two years. It may be longer for some business while for some businesses such as banks, one year is ideal.

A Business Impact Analysis examines the effects a disruption in normal business activities due to unforeseen events such as disasters would have on a business so as to determine the strategies to put in place to mitigate or prevent the worst of these possible outcomes.

Recovery strategies can include how to handle loss of income, higher expenses or displeased customers among others.

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Joan is a manager with Steel Works, Inc. Joan would love to beat the budget this year. She believes that revenues for the coming
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The amount of $130,000 in Expenses will be the least likely to be budgeted for while building a budgetary slack.

<h3>What is a budgetary slack?</h3>

This is a special consideration in a budget that seeks to increase the chances of the actual performance being better than the budget.

Joan will likely budget for $110,000 of expenses, $210,000 of revenue and $80,000 of income.

Therefore, the amount of $130,000 in Expenses will be the least likely to be budgeted for

Read more about budgetary slack

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6 0
2 years ago
A person who is in the business of selling cars is called a:
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The person who sell cars would be salesmen
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3 years ago
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If a patent lawyer works for a startup without cash compensation, but receives instead shares in the presumably soon-to-be-succe
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<span>sweat equity, the patent lawyer is doing for a project or enterprise in the form of effort to work for the ownership interest in a business that will increase in value it is a preferred mode of building equity for entrepreneurs who do have much money in their start-up ventures since they may be unable to provide as much financial capital to their business</span>
8 0
3 years ago
What type of promotion takes place at trade shows?
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B. Personal Selling

A trade show is an event where members of a particular industry or group come together and view displays and booths from various companies with their products and services. The company reps are involved in personal selling to the trade show attendees.

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When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toot
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A relatively inexpensive item that merits little shopping effort, is called Convenience product.

<h3>What is the Product?</h3><h3></h3>

Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.

Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.

In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.

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