eople play a significant role in ensuring that Mr Sigcau’s business is successful. Discuss people risk as an essential operational risk factor and analyse how Mr Sigcau can manage people risk in his business.
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People play a significant role in ensuring that Mr Sigcau’s business is successful. Discuss people risk as an essential operational risk factor and analyse how Mr Sigcau can manage people risk in his business.
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- In 5 to 8 sentences, answer the question: Am I a risk taker or am I risk averse? Since risk is inherent, what actions do you do to minimize the impact of risk in your daily activities? Provide a concrete example or situation and discuss how you minimize the risks present. Definition of Terms:• Risk• Risk Management• Uncertainty• Risk averse• Risk tolerance• Mitigated Risk• Risk analysis• Risk avoidance• Probability• ConsequenceDecision regarding the risk that is taken in the senior management orders when closing positions in investment portfolios to guarantee profitability for its clients, after an announcement from the FED that indicates that the possibility of losses in stock titles in the capital market has increased . Select one: a.Mitigation. b.Acceptance. c.Transfer. d.Control.Risk is present in every business decision. In information security it is often said that you cannot protect everything. What are the critical steps in understanding risk and employing risk mitigation practices? Be sure to address:- Risk Identification and prioritization- Discuss the steps in Risk Assessment- The importance in documenting results
- 19. Which of the following is not a key activity that internal audit can engage in facilitating risk identification and evaluation with a management group? a. Asking the group to spontaneously come up with any risks that may exist b. Gathering data from other industry groups or from leading metrics c. Distributing a set of questions in advance to draw input from the group anonymously d. Creating a risk checklist and distributing it to the group members for rankingA small business has the following data security issues: i. The hard drive of one computer crashed. ii. A hacker was able to view private files. iii. Malicious software corrupted accounting files. iv. Someone broke into the office and stole three computers. v. A power surge caused damage to a computer. You have been hired as Data Security Officer. State the category of risk to which each issue belongs and recommend a risk management strategy that could be applied. Suggest a different strategy for each issue and give reasons for your recommendations.Which of the following statements BEST describes the purpose of a Deability income policy? A It is used to pay for hospital, medical, and surgical expenses if a senous disability occurs. It is designed to supplement Medicare Part A benefits It is used to pay for an insured's normal living expenses if the insured becomes disabled It is designed to supplement Workers' Compensation benefits B D.
- Differentiate between:a. Qualitative analysis of risks and quantitative analysis of risks (10 marks)b. SWOT risk analysis and PESTLE risk analysis (10 mark.I need to a full description of the role of each of these components listed below 1-9 for " BLOOD PRESSURE THAT IS A WIRELESS, REMOTE MONITORING DEVICE THAT CONNECTS TO A SMARTPHONE APP WITH ACCURATE MEASUREMENTS". And by referring to the above table: 1. Cover slide: The cover slide should include the product name, your company's logo, and any other relevant information. 2. Elevator statement: Provide a brief summary of the product, including its unique selling proposition, target audience, and benefits. 3. The clinical need: Describe the clinical need for the product and how it solves an existing problem. 4.The solution: Provide a detailed explanation of the product, including its features, benefits, and how it works. 5. The market: Describe the target market for the product and the potential size of the market. 6. Intellectual property (IP): Discuss any patents, trademarks, or copyrights related to the product. 7. R&D: Describe the research and development…You are a manager in a renowned textile group; during the routine audit, you come to know some financial fraudulent activity/practice, which is very harmful for financial health of the business. You reported presented this financial malpractice to Board of Directors, Board of Directors decided to probe/investigate the matter and directed you to hire an external auditor and conduct a forensic audit. Keeping the above scenario in view, you have hired an auditor, what do you expect which techniques are the most relevant and useful to detect above malpractice?
- Alex, a fundraising manager at a non-profit organization, her responsibility is to: approach businesses, local authorities, trusts and individuals to secure funding. Moreover, organizing and helping with fundraising activities such as sponsored or promotional events. he has a Conscientiousness personality and had experienced a bad incident last year with the public relations manager of a banking company who had committed to sponsor a charity event and then backed out at the last minute. This year, when a renowned international bank’s manager showed interest in sponsoring the Organization’s upcoming annual event, Alex rejected their participation. he felt that banks have a casual approach toward charity events and it is risky to involve them in the event. What changed Alex’s attitude? Support your answer with a theory or an example. Does personality have any influence on Alex’s decision? Relate it to Big Five Model of Personality Dimension and explain how it predicts behavior.What areas would you focus on for risk reporting to management? Identify FIVE (5) risk reporting outlines that you can apply for this reportingWhen people are considered risk averse: I. They avoid all risky situations. II. They might choose a risky situation If the expected value is high enough. III. They are more susceptible to adverse selection. Multiple Choice O l only. I only. I and Il only. Il and II only.