Operational risks include legal risks. Select one: True False
Q: assessment
A: Risk assessment is a thorough investigation of the work area in order to find out the reason which…
Q: Let us apply what you have learned in the Below is a picture showing 10 hazards, identify at least 5…
A: According to OSHA, the hazards are categorized into 5 different categories. 1. Safety Hazard 2.…
Q: How would you handle conflicts in a quality action team
A: Since conflict is merely a perception, only those parties who acknowledge it as such may actually…
Q: In connection to Risk Management, what is the reward for risk taking? Subsidies Low taxes Efficient…
A: Below is the solution:-
Q: Is the mechanism designed to optimise the customer's expected value?
A: Consumer value is described as the consumer's satisfaction obtained (or expected to experience) as a…
Q: Explain how is the Bath-Tub curve obtained within the product life cycle?. How is it used in a…
A: Product Life cycle: From getting introduced in the market to getting removed from the shelves, the…
Q: Lack of management control often leads to the existence of accidents causes. Criticize the correct…
A: Employee productivity is described as the amount of work that is produced by an employee in a…
Q: Which activity is performed in advance of a business process walkthrough? O Identify process risk…
A: It is a step by step and end to end process in a business that can be performed using CRONUS…
Q: Recruitment activity is not included in the quality assurance system of a service laboratory
A: Quality Assurance system of service laboratory is an important part of this service laboratory. The…
Q: Which of the following processes is ideal for automation? Select one: a. Auditing of supplier…
A: A purchase order is a document issued by the customer to the seller in which the product…
Q: It is crucial in the present customer centric business environment which requires the companies to…
A: The systems-based approach requires evaluators to survey the viability of the inside controls of an…
Q: The process of monitoring activities, measuring performance, comparing results to objectives, and…
A: Find the answers below: The Answer is Controlling
Q: This chapter listed a number of different operational procedures. Describe and discuss three…
A: Supply chain management is the management of the process from the raw material to the finished…
Q: Explain the following concepts using at least two sentences. (a) hazrd (b) onsequence…
A: Note- Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: PART 5: JIRO DREAMS OF SUSHI You would need to watch a documentary film and think hard about quality…
A: Jiro Dreams of Sushi is a 2011 Japanese-language American narrative movie coordinated by David Gelb.…
Q: What is EI and how is it useful in the workplace?
A: Emotional intelligence can be defined as an ability to understand and manage the emotions in a…
Q: a) Analyse four (4) unethical practice done by the worker of that company then discover the possible…
A: Safety at the workplace is critical for avoiding accidents, machinery breakdowns, and other…
Q: eport recommending the equipment you think will be suitable.
A: To, The Manager, Purchasing department, XYZ Company, London Rep: Revert of equipment proposal for…
Q: a.Indicate and provide a clear description of the stages in the measurement operation and financial…
A: Measuring operational and financial performance is an imperative piece of observing the development…
Q: A. Last month, a team of sales personnel recorded a Php40,000.00 monthly gross sales. The manager,…
A: Solving Part A: Given Information: Month Sales = PHP 40,000 Team Bonus = 15*Gross Sales Amount…
Q: hazardous
A: Hazard management is one of the most important work that should be taught in an organization. The…
Q: Which of the following is the root cause of risk? Group of answer choices Loss of assets Erroneous…
A: The root of risk is that the problem associated with the risk is not clearly identified. If the…
Q: Describe the risks for a service process and for automation of production process
A: To be determined: The risks for a service process and for automation of production process.…
Q: the meaning of failure. 2. Example of student failure. 3. Why failure is important.
A: The question is related to failures.
Q: Last month , Alkamal Co.spent 1000 Rial reworking defective products in the firm . The defective…
A: The correct answer is
Q: Answer the following: 1. When it comes to the sound and noise in the aircraft hangar, what do we…
A: There are endless sensations and clamors associated with the activity of an airplane previously,…
Q: a) As a senior production manager what managerial actions you should take to control the situation?…
A: Production managers guarantee that manufacturing processes run dependably and efficiently.
Q: Which of the following documentation are included in the quality system? A quality policy B.…
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: Customers , vendors , business partners , and others who conduct business with an organization are…
A: Enterprise risk management refers to removing or mitigating any prospective risks that are likely to…
Q: Exercise 12-3 (Algo) Measures of Internal Business Process Performance (LO12-3] Management of Mittel…
A: Note: - Since we can answer only up to 3 questions, we will answer questions 1, 2, and 3 for your…
Q: A company is introducing reusable straws in the Canadian market on 1st of January 2022. They…
A: Company capacity: The objective of the company is to produce 1 million straws per…
Q: By refering to the case "Marine electric company" Discuss the objectives of the company?
A: Marine electric company An electric equipment manufacturing company Established as a departmental…
Q: e against operational risk where human error is concerned? and why?
A: Errors caused by human mistake, system malfunctions or data inaccuracies are examples of operational…
Q: If you are a supervisor, how would you tackle and address on the products in your inventory that…
A: It is very important to manage inventory in the production department. It includes ordering…
Q: What are possible causes of a business process failures
A: A business process is a series of tasks performed by stakeholders of the business to deliver the…
Q: Explain how independent performance evaluation procedures are either violated or effectively applied…
A: The performance evaluation is the approach through which the performance of the employees in an…
Q: Write note on the following to develop ERM for a company: 1. Implementation 2. Monitoring 3.…
A: 1. IMPLEMENTION: consolidating an ERM structure, hones, and methodologies to satisfy the objectives…
Q: n publicly released reports a number of organisations are referring to their ‘licence to operate’.…
A: The social permit to work (SLO), or basically social permit, alludes to the progressing…
Q: Can we include the benchmarked company’s best practices directly in our operating plans?
A: The benchmarked company’s best practices cannot be directly included in our operating plans.
Q: You're starting a firm that will host the websites of other companies. What issues do you consider…
A: A web hosting service is typically a business that serves and maintains files for many other…
Q: Explain the industry safety standards ? Explain in detail
A: Work safety norms unit Specifies of safety requirements at companies and minimizes the chances of…
Q: __________ define(s) how the system operates in your environment. The mission of the system…
A: Operational characteristics tell all about how the system operates in our environment.
Q: Which of the following is/are the advantage(s) of using the ISO 9001 standard? a. Improve…
A: ISO 9001 standards are the standards that act as a benchmark for managing quality of goods and…
Q: Mason works at LoftCo, Inc., studying and improving operational efficiencies. The performance…
A: Here, this company is studying and improving the operational efficiencies, they are basically…
Operational risks include legal risks.
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- Explain how operational risk arisesTheme parks are considered a staple family attraction worldwide, known best for their rides and rollercoasters that appeal to thrill-seeking children and adults alike. Its success and profitability are maintained by installing more daring rides and appealing to popular cultural figures and franchises. However, due to the nature of theme park rides, the results can be incredibly serious when something goes wrong, and the stakes for theme park managers in ensuring the safety of their facilities. are very high. Over the years, failure to comply with health and safety regulations, poor management systems, and mechanical defects have led to unfortunate incidents on various rides and rollercoasters, resulting in serious consequences. In 2005, an incident on the Smiler ride at Alton Towers caused by the failure of a test carriage that collided with a carriage carrying 16 people led to serious injuries, prosecution, and a £5million fine to the operating company, Merlin Attractions Operations…The Risk Management Strategy includes Business Continuity Management?
- What is the best Risk managemnt Module to manage operational risk? And why.Identify the resources, internal agents, and external agents associated with each of the following business events: Purchase requisition (instigation) event. Sales order for goods/services (mutual commitment) event. Sale, shipment and/or service engagement (economic decrement) event. Cash disbursement (economic decrement) event. Purchase return (economic increment reversal) event.How does Enterprise Risk Management Framework helps organization in addressing sustainability challenges?
- identify the predominant Risk or assessment strategy that will be/is being implemented by a house flipping businessDiscuss the meaning of the following two (2) risk management concept A). Risk tracking B). Risk reportingRestituto Dimaalis is VP Corporate Planning of Philippine Canning Corp. (PCC), one of the biggest fish canning companies in the Philippines with Sales of about PhP 12.0 B in 2012. Its main product is tuna with the cannery located in General Santos City, South Cotabato. Its secondary product line is sardines with the cannery located just outside Zamboanga City. The company’s head office is located in Makati. Reviewing company performance over the past few years, Resituto thought the picture looked good. The cannery in Gen San, together with the corresponding fish port was new, having been completed 5 years ago. The company had invested a little over PhP 500.0 M in this project but it seemed to be paying off both in terms of increased efficiency as well as capacity. Most of the machinery and systems (60% of cost) was financed through 10 yr. US$ denominated debt while 30% of the balance was funded through long term PhP denominated debt and the rest through Retained Earnings. The…