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spayn [35]
3 years ago
8

You have recently been made a department head of the new regional office. In getting to know your departmental staff, you have n

oticed that one of your inexperienced employees is not following through on assigned tasks. She is enthused about her new job and wants to get ahead in the organization. Which alternative represents the most effective leadership style?
Business
1 answer:
nignag [31]3 years ago
5 0

Answer:

Democratic leadership style

Explanation:

She can develop a democratic leadership style within her which can help her accomplish her tasks as a manager and also help her inculcate this very leadership style which can be beneficial for her to go higher the ladder in organizations management.

Democratic leadership style would help her show the inexperienced employee some route out to get skilled and follow subordinates to improve work. Collaborative working with the employees provides managers with much needed team dynamics. Also, democratic leadership styles makes managers gather much needed skills which are essential for the leaders of the organization.

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Final Exam Review Explain the Risk Management Process (4 tasks) and explain the 4 ways to respond to risk and provide an example
alex41 [277]

Identification, evaluation, and control of financial, legal, strategic, and security threats to an organization's assets and profits are done through risk management.

<h3>What is the risk management process?</h3>

A strategy for evaluating risks and opportunities, how they could impact a project or organization, and how to deal with them is known as the risk management process.

The 4 essential steps of the Risk Management Process are:

Identify the risk: Finding all the occurrences that could potentially have a negative (risk) or good (opportunity) impact on the project's goals is the first stage in the risk management process.

Assess the risk: Assessments of risk and opportunity might be qualitative or quantitative. Based on the likelihood and significance of the event, a qualitative assessment examines the level of criticality. In a quantitative analysis, the event's financial impact or benefit are examined.

Risk treatment: An organization must first prepare a treatment plan that details its strategy for managing hazards. The goal of the risk treatment strategy is to lessen the likelihood that the risk will materialize (preventive action) and/or to lessen the impact of the risk (mitigation action). The goal of a treatment plan for an opportunity is to boost the chance that it will materialize and/or to boost its advantages. A response strategy is established for the project based on the type of risk or opportunity.

Monitor and Report on the risk: It is important to monitor and report on risks, opportunities, and their management strategies. The severity of the risk or opportunity will determine how frequently this occurs. Creating a monitoring and reporting framework will guarantee that the right venues for escalation exist and that the right risk responses are being implemented.

<h3>What are the four ways to respond to risk?</h3>

Risk reduction

This method typically entails creating a different plan of action with a higher chance of success but a larger price tag.

A project team can minimize the danger of working with a new supplier whose reliability is unknown by selecting a supplier with a track record instead of a new provider who provides considerable price incentives.

Accepting and sharing risks

This strategy entails taking the risk and working with others to share accountability for risky behaviors.

By creating a joint venture with a business established in a particular country, for instance, many companies working on foreign projects will lower the political, legal, and employment risks connected with overseas ventures.

Risk mitigation

Risk mitigation entails making an investment to lower the risk associated with a project.

For instance, businesses frequently purchase a fixed exchange rate while working on overseas projects to lessen the risk posed by exchange rate swings.

Risk transfer

Risk transfer is a risk management technique that transfers project risk to a third party.

The purchase of insurance is a well-known example of risk transfer. The insurance provider assumes the risk instead of the project.

Learn more about risk management here:

brainly.com/question/4680937

#SPJ4

3 0
1 year ago
Which of the following items are allowed when calculating an individual taxpayer's alternative minimum tax?a. Standard deduction
blsea [12.9K]

Answer:

The correct answer is letter "D": All of the above.

Explanation:

Alternative Minimum Tax (AMT) is an action taken by the Internal Revenue Service (IRS) to encourage every taxpayer to pay at least the minimum amount possible out of the income received. This includes a series of deductions that are not limited to <em>standard deductions</em>, <em>personal exemptions, medical and dental expenses, charitable donations, qualified taxing interest, </em>and <em>casualty losses</em>.

6 0
3 years ago
Laura is carefully estimating the time required for each phase of a proposed system development project to see if her company ca
PilotLPTM [1.2K]
Laura is checking on schedule feasibility.
She is doing everything in order to see whether each phase will run smoothly and according to her schedule. She wants to see if her schedule is possible at all, which is why she is making a timetable to prove her hypotheses.
7 0
3 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounti
djyliett [7]

Answer:

The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.

Explanation:

  • Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000

  • Income tax expense for 2019 = 180.000-28.000=152.000

4 0
3 years ago
Pickwick Production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the b
julsineya [31]

Even though the company is no longer able to pay the retirees, they are still protected because <u>The </u><u>Pension Benefit Guarantee Corporation</u><u> will pay a </u><u>basic benefit. </u>

<u />

The Pension Benefit Guarantee Corporation:

  • Was created to protect the pensions of millions of Americans
  • Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them

The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.

In conclusion, The <u>Pension Benefit Guarantee Corporation </u>will pay out something to the retirees.

<em>Find out more at brainly.com/question/7331178. </em>

4 0
2 years ago
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