Boxes-and-Stuff, a box-packing and mailing company in a small town along the Gulf Coast, losta key employee last month when its accounting manager was fired for embezzling companymoney. Now, the owners of Boxes-and-Stuff, Jerome and Natalia, need to find anotheraccounting manager-fast. But as they hurry to fill the position, they don't want to select adishonest orincompetent employee. They need to be cautious. Fortunately, the police chief found theembezzled funds in a bank account set up by the former employee, and authorized the returnof the money. This means that Boxes-and-Stuff will not lose the embezzled amount, after all.However, Jerome and Natalia are already thinking of ways to protect their company from otherrisks. They want to be prepared for risky situations in the future.Questions:1. Which risks do you think Boxes-and-Stuff might face?2. Are these risks pure (insurable) or speculative (not insurable)?3. How do you think the company should handle the risks you've identified?

Risk in the workplace is a broad term. It refers to any event or scenario that could hinder and…

Answered: Boxes-and-Stuff, a box-packing and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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