Enterprise Risk ManagementThe table below refers to seven industries.Required:For each industry, provide an example of a business risk faced by companies that compete within that industry. Then, describe an example of a control that could be used to reduce the business risk that you have identified. Example ofBusiness RiskExample ofControl to Reducethe Business RiskIndustry1. Airlines (e.g., Delta Airlines)...2. Pharmaceutical drugs (eg., Merck)3. Package delivery (e.g., United Parcel Service)4. Banking (e.g., Bank of America) .5........Oil & gas (e.g., ExxonMobil)6. E-commerce (e.g., eBay)7. Automotive (e.g., Toyota).......

Business risk: Business risk is the chance of having lower profit or experience a loss. It is…

Example of Business Risk Example of Control to Reduce the Business Risk Industry 1. Airlines (e.g., Delta Airlines)... 2. Pharmaceutical drugs (eg., Merck) 3. Package delivery (e.g., United Parcel Service) 4. Banking (e.g., Bank of America) . 5. ....... Oil & gas (e.g., ExxonMobil) 6. E-commerce (e.g., eBay) 7. Automotive (e.g., Toyota) .... ...

Example of Business Risk Example of Control to Reduce the Business Risk Industry 1. Airlines (e.g., Delta Airlines)... 2. Pharmaceutical drugs (eg., Merck) 3. Package delivery (e.g., United Parcel Service) 4. Banking (e.g., Bank of America) . 5. ....... Oil & gas (e.g., ExxonMobil) 6. E-commerce (e.g., eBay) 7. Automotive (e.g., Toyota) .... ...

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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