Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Textbook Question
Chapter C, Problem 5DWS
Write a two-page essay on the risks of a terrorist attack, a natural disaster, climate change, or a major health disaster. Which risk do you perceive as most likely? Most dangerous? Discuss what you could do to warn others of such risks and motivate them to do something about them.
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Chapter C Solutions
Understanding Business
Ch. C.1 - Prob. C.1AQCh. C.2 - Prob. C.2AQCh. C.2 - Why are companies more aware now of the need to...Ch. C.2 - Prob. 2TPCh. C.2 - What are the four major options for handling risk?Ch. C.2 - Prob. 4TPCh. C.3 - Prob. 5TPCh. C.3 - What is the rule of indemnity?Ch. C.3 - Prob. C.3AQCh. C.4 - Prob. 7TP
Ch. C.4 - Prob. 8TPCh. C - 1. Are you self-insuring your residence and your...Ch. C - Prob. 2CTCh. C - Prob. 3CTCh. C - Prob. 4CTCh. C - Prob. 1DWSCh. C - Prob. 2DWSCh. C - 3. Much of risk management consists of reducing...Ch. C - Prob. 4DWSCh. C - Write a two-page essay on the risks of a terrorist...Ch. C - Prob. 1TITCh. C - Prob. 2TITCh. C - Prob. 3TITCh. C - Prob. 4TITCh. C - Prob. 5TIT
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- Look at either where you work currently, your homelife, or even your current journey through Post University. In any of these scenarios, you are going to meet risk. And in any of these, I’m sure you’ve already experienced some level of risk. So how can we better manage that risk moving forward? Think of how you currently handle risk in a given event, what your objectives have been, what actions you took, and what the outcome was for the risk associated with these events. Team objectives Process for handling risk events Team activities Team outputs. Please answer the following: How can you define risk? Risk should be dealt with factually and practically. So how can a group of individuals discuss risk in a practical manner? Projects require a timeline, budget, and technical inputs. How can you improve your estimates for each? Regarding the budget, be it work, home or with Post University, what’s the best way to show those with the money that contingency funds are a necessity?…arrow_forwardDiscuss risk management's most pressing issues. When formulating a company's long-term goals, how critical is risk management to the process?arrow_forwardUnderstanding the five main methods for mitigating risk is essential.arrow_forward
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- You are a security professional that does consulting work for small-sized and medium-sized businesses. You have been approached by a family-owned ice cream shop and asked to perform a risk assessment on its business. The company makes several flavors of homemade ice cream using secret recipes. The recipes are kept on the owner’s laptop. A new ice cream shop is opening down the street, and the company’s owner is concerned about losing business to the new shop. As a consultant, how can you identify the assets, threats, and vulnerabilities for this business?arrow_forwardYou have been charged by your company with creating a risk management program. You were recently asked by the CEO to briefly describe how impact, danger, and vulnerability are related. Quickly develop a solitary sentence that clarifies the relationship.arrow_forwardPrinciples of Risk Communication by Lundgren et. al (2018), discuss how the lay public perceives risk and how this differs from environmental health professionals. Identify at least one major tenet of risk communication and discuss why it is important to incorporate when communicating risk to the public. One peer reply due by the date listed in the course schedule.arrow_forward
- How do organizations account for and manage "unknown unknowns" or unforeseen risks in their risk management strategies?arrow_forwardCompanies that are developing a formalized risk management process are encouraged to identify all relevant risks and then chart the risks using a matrix to analyze which of the following factors? Operational impediments, mitigation strategies, sales impact External variables, mitigation strategies, financial impact Resources, threats, modifying factors, and consequences Supply chain threats, marketing threats, operational threatsarrow_forwardIdentify the main risk you believe that clothing customers will be worried about.arrow_forward
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