Business Essentials, Student Value Edition Plus MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
11th Edition
ISBN: 9780134473970
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Question
Chapter 9, Problem 9.21EE
Summary Introduction
Summary:
Person X is the CFO for Company AN. He has been asked to develop a budget for the long-term production of nutritional supplements and expanding into the international market. The CEO of the Company is Person JJ who has come up with a new option. Person X is concerned stating that it is a risky move for the employees.
To explain: The action of most managers in this situation.
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Chapter 9 Solutions
Business Essentials, Student Value Edition Plus MyLab Intro to Business with Pearson eText -- Access Card Package (11th Edition)
Ch. 9 - Prob. 9.1QRCh. 9 - Prob. 9.2QRCh. 9 - Prob. 9.3QRCh. 9 - Prob. 9.4QRCh. 9 - Prob. 9.5QACh. 9 - Prob. 9.6QACh. 9 - Prob. 9.7QACh. 9 - Prob. 9.8QACh. 9 - Prob. 9.9AECh. 9 - Prob. 9.10AE
Ch. 9 - Prob. 9.11ACh. 9 - Prob. 9.12ACh. 9 - Prob. 9.13ACh. 9 - Prob. 9.14ACh. 9 - Prob. 9.15ACh. 9 - Prob. 9.16TECh. 9 - Prob. 9.17TECh. 9 - Prob. 9.18TECh. 9 - Prob. 9.19TECh. 9 - Prob. 9.20EECh. 9 - Prob. 9.21EECh. 9 - Prob. 9.22EECh. 9 - Prob. 9.23CCh. 9 - Prob. 9.24CCh. 9 - Prob. 9.25CCh. 9 - Prob. 9.26CCh. 9 - Prob. 9.27CCh. 9 - Prob. 9.28CCh. 9 - Prob. 9.29CCh. 9 - Prob. 9.30CCh. 9 - Prob. 9.31CCh. 9 - Prob. 9.32C
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- 1. What is the primary purpose of risk management in small businesses? A. To eliminate all risks B. To predict profits C. To reduce and control risks D. To create new risks 2. Which of the following is a type of operational risk? A. Interest rate change B. Natural disaster C. Supplier failure D. Tax policy change 3. SWOT analysis identifies all EXCEPT A. Strengths B. Weaknesses C. Tactics D. Opportunities 4. Which strategy involves taking no action against a risk? A. Mitigation B. Avoidance C. Acceptance D. Transferarrow_forward5. A risk that has both a high impact and high probability is referred to as A. Negligible B. Moderate C. Low D. Extreme 6. A business continuity plan is mainly used to_ A. Increase profits B. Handle daily tasks C. Prepare for disruptions D. Advertise services 7. What is the role of a risk owner? A. To finance the risk B. To monitor and manage a specific risk C. To create risks D. To avoid planning 8. Early warning indicators help businesses to A. Avoid legal actions B. Grow rapidly C. Detect potential risks D. Hire employees 9. A hazard-based risk includes A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward1. What is the primary purpose of risk management in small businesses? A. To eliminate all risks B. To predict profits C. To reduce and control risks D. To create new risks 2. Which of the following is a type of operational risk? A. Interest rate change B. Natural disaster C. Supplier failure D. Tax policy change 3. SWOT analysis identifies all EXCEPT A. Strengths B. Weaknesses C. Tactics D. Opportunities 4. Which strategy involves taking no action against a risk? A. Mitigation B. Avoidance C. Acceptance D. Transferarrow_forward
- List and briefly describe four risk response strategies.arrow_forwardExplain the purpose of a risk register.arrow_forwardAssume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.arrow_forward
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