Designing and implementing an overall risk management process for the organisation, which includes an analysis of the financial impact on the company when risks occur
Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company
Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements
Establishing the level of risk the company are willing to take
Preparing risk management and insurance budgets
Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
Explaining the external risk posed by corporate governance to stakeholders
Creating business continuity plans to limit risks
Implementing health and safety measures, and purchasing insurance
Conducting policy and compliance audits, which will include liaising with internal and external auditors
Maintaining records of insurance policies and claims
Reviewing any new major contracts or internal business proposals
Building risk awareness amongst staff by providing support and training within the company
B. Labor Unrest ... This was the catalyst for Poland's transition to democracy
Answer:
Explanation:
Barney's revenue = $ 12000
explicit costs = $ 75 + $ 50 = $ 125
a) Barney's accounting profit = total revenue - total explicit cost = $ 12000 - $125 = $ 11875
b) Barney's economic cost = total revenue - ( explicit cost + implicit cost )
where ( explicit cost + implicit cost ) = $ 10000 + $ 300 + $ 75 + $ 50 = $12000 - ( $ 10000 + $ 300 + $ 75 + $ 50) = $ 1575
Answer:
$1,997.62
Explanation:
Calculation to determine the prorated amount the Simpsons will owe the Martins at closing.
First step is to Calculate daily rates for taxes to be prorated
Daily rates for taxes=$2,506 ÷ 365
Daily rates for taxes= $6.87
Second step is to calculate Martins pay for the first 74 days which is January 1 through March 15
Pay=74 x $6.87
Pay= $508.38
Now let determine the prorated amount
Prorated amount=$2,506 - $508.38
Prorated amount= $1,997.62
Therefore the prorated amount the Simpsons will owe the Martins at closing is $1,997.62
Tri-State could simply donate money, but there are additional ways that Tri-State could achieve the same positive impact at a lower cost.
Explanation:
Social responsibility is characterized as managers ' duty and determination to take measures to protect and develop the welfare of community and to protect their own interests.
An organisation has a variety of resources including people, money, skills and practical know-how.
If a company has these tools in place, it can work better with social goals. If a company now lingers on solving social issues, they end up creating urban conflicts so that there is no room left to achieve their goal of providing goods and services.