Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administration
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administration
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity
solutions. He started his business, Alt Energy, a year ago.
He rents a small office and storage room, and he owns three vehicles. The office is used for
administration. The storage room is used to store expensive equipment and stock. Aaron has
employed an administration clerk and four technicians.
Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new
manager and he wants to provide him with a report on what risk and risk management is.
1.Objectives
2 Risk identification
3 Risk evaluation
4 Risk control
5 Risk financing
6 Programme monitoring and administration
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON