What are the primary elements of each of the three types of risk control? Assume you are in a hazard hunt; list a few factors in your job that may contribute to a hazard and how likely is it that a hazardous situation will occur?

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What are the primary elements of each of the three types of risk control? Assume you are in a hazard hunt; list a few factors in your job that may contribute to a hazard and how likely is it that a hazardous situation will occur?

What is meant by control risk? What is the effect on the amount of evidence the auditor must gather and evaluate when control risk is decreased from high to low?

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What is meant by control risk? What is the effect on the amount of evidence the auditor must gather and evaluate when control risk is decreased from high to low?
What is meant by inherent risk? Identify four factors that make for high inherent risk in audits.
What is meant by acceptable audit risk? What is its relevance to evidence accumulation?
What is meant by planned detection risk? What is the effect on the amount of evidence the auditor must gather and evaluate when planned detection risk is increased from medium to high?

Practicing courage can transform our lives and our leadership. Constructing a courageous leader profile (CLP) can be a powerful, reflective exercise to enhance our ability to lead courageously.

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Courageous Leader Profile Self-Assessment

Practicing courage can transform our lives and our leadership. Constructing a courageous leader profile (CLP) can be a powerful, reflective exercise to enhance our ability to lead courageously.

Taking risks and focusing is a learned behavior. Risk-taking behavior starts from childhood. You actually take many risks, but don’t give yourself credit. For example, situations such as a job promotion, buying a house, starting a business, and so on are risk-taking ventures. When we write our CLP, it is important to reflect on past courageous actions. First, it enables us to focus on all our past successes. Second, it enables us to recognize and appreciate a pattern of leadership behavior in risky situations. For example, one may have started out with a one-bedroom home when they were 28 years old, but gradually moved up to a larger, more valuable property over the years, taking risks with each progressive step.

Think about your past courageous actions. List those accomplishments and give yourself due credit. Whether or not they were successful isn’t important. The fact that you took the risk encourages you to take more risks in the future. Write down a few lessons that you can learn from your past courageous actions that might help you in future situations that need courageous leadership. You should also list some of the things that you fear. Fears often lurk below the surface. Admitting those fears is usually the first step to overcoming those fears. After you listed some fears, reflect and document some steps that you might take to overcome them.

After doing the above reflection, compose a 300- to 500-word essay that shares some of your courageous accomplishments and the lessons learned. If you wish, you might also include some of your fears and possible action steps for overcoming those fears in the essay, but it is not required that you share your fears in the forum. Follow-up posts should focus on building best practices and providing peer-encouragement for acting courageously in life and leadership.

Grading Criteria
Analyzed the facts and provided well-reasoned answers and discussion.
10 Points

Justified ideas and responses by using appropriate examples and references from texts, Web sites, and other references or personal experience.
10 Points.

Presented a structured report that is free of spelling and grammatical errors.
5 Points.

Properly cited sources using APA format (in-text citations and references).
5 Points.

Give an example of each one of the following loss exposures faced by the circus: Property loss exposure, Liability loss exposure, Net Income loss exposure and Personnel loss exposure.

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Refer to the article Risks Under the Big Top.

Give an example of each one of the following loss exposures faced by the circus: Property loss exposure, Liability loss exposure, Net Income loss exposure and Personnel loss exposure.

In each case, you should give the example AND briefly explain why your answer is an example of the loss exposure in question. This is fairly obvious in some cases and not so obvious in others. [4 points]

The members of the risk workshop need a common understanding of the concepts of probability and impact to determine their levels as they assess the risks. How would you, as the workshop facilitator, communicate this understanding to them?200 WORDS.

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The members of the risk workshop need a common understanding of the concepts of probability and impact to determine their levels as they assess the risks. How would you, as the workshop facilitator, communicate this understanding to them?200 WORDS.

The risk owner who was nominated for a particular risk wants no part of the process, yet he or she is the best option for successfully managing the risk. How would you go about convincing him or her to accept the job?

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The risk owner who was nominated for a particular risk wants no part of the process, yet he or she is the best option for successfully managing the risk. How would you go about convincing him or her to accept the job?

150 words.

Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty?

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Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty?

Why? Give an example from your experiences to support your answer.
Min 200 words

Your CEO says to you, “You mentioned that risks always exist. If I take enough measures, can’t I eliminate risks?” Explain why risks always exist.

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The Topic is Mitigating Risk.

Your CEO says to you, “You mentioned that risks always exist. If I take enough measures, can’t I eliminate risks?” Explain why risks always exist.

What are some strategies for minimizing political risk in a developing country?

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What are some strategies for minimizing political risk in a developing country?

On what basis can the insurance company deny payment of the claim? Explain your answer.

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Nicole is applying for a health insurance policy. She has a chronic liver ailment and other health problems. She disclosed the true facts concerning her medical history to the insurance agent. However, the agent did not include all the facts in the application. As a result, the insurance contract was issued as standard. A claim occurred shortly thereafter. After investigating the claim, the insurer denied payment. Nicole contends that the insurance company should pay the claim because she answered all questions that the agent asked.

(a) On what basis can the insurance company deny payment of the claim? Explain your answer.

(b) What legal doctrines can Nicole use to support her argument that the claim should be paid?

How to mitigate Risk by Hiring Open Source Developers?

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How to mitigate Risk by Hiring Open Source Developers?

Which of the following ratios would be the most useful to assess the risk as¬sociated with a firm being able to pay off its short-term line of credit?

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Which of the following ratios would be the most useful to assess the risk as¬sociated with a firm being able to pay off its short-term line of credit?
a. Return on equity.
b. The fixed asset turnover.
c. The operating profit margin.
d. The acid test ratio.

You have just been hired as an Information Security Engineer for a large, multi-international corporation. Unfortunately, your company has suffered multiple security breaches that have threatened customers’ trust in the fact that their confidential data and financial assets are private and secured. Credit-card information was compromised by an attack that infiltrated the network through a vulnerable wireless connection within the organization. The other breach was an inside job where personal data was stolen because of weak access-control policies within the organization that allowed an unauthorized individual access to valuable data.

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You have just been hired as an Information Security Engineer for a large, multi-international corporation. Unfortunately, your company has suffered multiple security breaches that have threatened customers’ trust in the fact that their confidential data and financial assets are private and secured. Credit-card information was compromised by an attack that infiltrated the network through a vulnerable wireless connection within the organization. The other breach was an inside job where personal data was stolen because of weak access-control policies within the organization that allowed an unauthorized individual access to valuable data. Your job is to develop a risk-management policy that addresses the two security breaches and how to mitigate these risks.

what other risks other than poor cash flow management would be created with excess inventory purchase and tell What controls could be put in place to manage these risks?

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would a threat within the production cycle also be over ordering of materials? yes because if you end up with too much inventory because of a poorly placed order, that could cost the company money – just trying to think outside the box. ”

what other risks other than poor cash flow management would be created with excess inventory purchase and tell What controls could be put in place to manage these risks?

Many small businesses are built around one product. What risks does this approach impose? How can small business owners minimize those risks?

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Many small businesses are built around one product. What risks does this approach impose? How can small business owners minimize those risks?

What is the difference between mitigating a risk and contingency planning?

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What is the difference between mitigating a risk and contingency planning?

The construction and analysis of a fault tree and event tree.Discuss

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The construction and analysis of a fault tree and event tree.Discuss?

What are some risks associated with international projects?

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What are some risks associated with international projects?

In your new position at XYZ Corporation, you’ve been asked to lead a risk assessment team.

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In your new position at XYZ Corporation, you’ve been asked to lead a risk assessment team. As part of your project to assess security risks for the computing infrastructure, you’ve found that other managers often have different ideas on the severity and levels of risk associated with specific threats and you only have a week to finish your project before the deadline. How can you bring everyone to agreement an what are there any tools or tactics you might use to help?

Developing Risk Mitigation Strategies. Develop a preliminary risk mitigation strategy for each of the risk factors identified in Problem 2. If you were to prioritize your efforts, which risk factors would you address first? Why?

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Developing Risk Mitigation Strategies. Develop a preliminary risk mitigation strategy for each of the risk factors identified in Problem 2. If you were to prioritize your efforts, which risk factors would you address first? Why?
4. Quantitative Risk Assessment. Assume the following information:
Probability of Failure Consequences of Failure
Maturity = .3 Cost = .1
Complexity = .3 Schedule = .7
Dependency = .5 Performance = .5

factor for this project. Would you assess this level of risk as low, moderate, or high? Why?

The Incoterms rules or are a series of pre-defined commercial terms published by the International Chamber of Commerce widely used in international commercial transactions. Incoterms rules are intended primarily to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries.

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The Incoterms rules or are a series of pre-defined commercial terms published by the International Chamber of Commerce widely used in international commercial transactions. Incoterms rules are intended primarily to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries.
EXW: Ex Works- this term constitutes a named place of delivery. The seller makes the goods available at its premises. This places maximum obligation on the buyer and minimum obligations on the seller. The buyer bears the risk for bringing the goods to their final destination.
• FOB: Free On Board- This term constitutes named port of shipment. The seller must load the goods on board the vessel nominated by the buyer. Costs and risk are divided when the goods are actually on board of the vessel. The seller bears the expense and risk of shipping.
CIF: Cost, Insurance, and Freight- This term constitutes named port of destination. This price includes in a lump sum the cost of the goods and the insurance and freight to the named destination. Seller must pay all costs to bring goods to the destination. Risk is transferred to the buyer once the goods are loaded on the vessel.
DDU: Delivered Duty Unpaid- This term constitutes named place of destination. The seller delivers the goods to the buyer to the named place of destination in the contract of sale. The buyer is responsible for the costs and risk for the unloading, duty, and any subsequent delivery beyond the place of destination

Which step of a crisis management program deals with identifying the cause of the crisis? a) Root cause analysis b) Pareto analysis c) Avoidance analysis d) Confrontation analysis

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Which step of a crisis management program deals with identifying the cause of the crisis?
a) Root cause analysis
b) Pareto analysis
c) Avoidance analysis
d) Confrontation analysis

What are the two principal components of crisis response?

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What are the two principal components of crisis response?
a) Auditing and analysis
b) Communication and rectifi cation
c) Agreement and settlement
d) Negotiation and settlement

Risk analysis is:

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Risk analysis is:
exposure to the consequences of uncertainty;
culture, processes and structures directed towards the management of potential opportunities;
determining if risk is tolerable; or
all of the above or
none of the above

What are China’s Overall risk indicators?

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What are China’s Overall risk indicators?

What are China’s Overall risk indicators?

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What are China’s Overall risk indicators?

You have been hired by Southwest Airlines. Your primary task is to keep the Airfares low and the company profitable. In the prior years, Southwest has extensively bought forward contracts of barrels of Oil at low prices between $20 to $40 a year. However currently the fuel prices in the past year has fluctuated wildly between $40.00 to $140.00. Fuel cost represents about 35% of the cost of operation and is next in importance to salaries and wages. Identify the steps you would initiate to protect the company from fluctuating fuel costs and achieve your objective

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You have been hired by Southwest Airlines. Your primary task is to keep the Airfares low and the company profitable. In the prior years, Southwest has extensively bought forward contracts of barrels of Oil at low prices between $20 to $40 a year. However currently the fuel prices in the past year has fluctuated wildly between $40.00 to $140.00. Fuel cost represents about 35% of the cost of operation and is next in importance to salaries and wages. Identify the steps you would initiate to protect the company from fluctuating fuel costs and achieve your objective

Is scenario analysis particularly important for a project with a difficult to forecast discount rate? Why or why not?

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Is scenario analysis particularly important for a project with a difficult to forecast discount rate? Why or why not?

Evaluate how finance companies are exposed to various forms of risk. Identify the factors that determine the values of finance companies. Compare intrinsic and market risk factors and their effects on investment companies’ performance.

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Evaluate how finance companies are exposed to various forms of risk.
Identify the factors that determine the values of finance companies.
Compare intrinsic and market risk factors and their effects on investment companies’ performance.

How do you approach change? Is the risk of failing at change less risky than not changing? What criteria can you develop to help you determine your approach to future changes?

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How do you approach change? Is the risk of failing at change less risky than not changing? What criteria can you develop to help you determine your approach to future changes?