Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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Explain how hazards will help reduce the impact of loss in a company?
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- What should a company do when the cost of eliminating the conditions that create an IT risk exceeds the potential losses that may occur? a. Accept the risk b. Reduce the risk c. Avoid risk d. Transfer the riskarrow_forwardExplain why external failure costs can be more devastating to a firm than internal failure costs.arrow_forwardAnswer true or false and explanation to why. Restructuring the liabilities might positively influence the ROE, but will negatively influence the service level of the companyarrow_forward
- Why does the high cost of the system negatively impact the organization's bottom line?arrow_forwardWhich is not an organization's response to risks? *a. An organization may accept the risk if it is prepared to absorb or mitigate the impact of the risk.b. An organization may take the risk but tries to lower the impact and possibility of occurrence of the risk.c. An organization may take the risk but not the returns that come with it.d. An organization may opt not to take the risk by avoiding the activity with associated risk.arrow_forwardhow a firm might use a hedging to reduce risk in its business? please include examplesarrow_forward
- Is there a way to prevent managers from focusing on accounting measures as performance measures?arrow_forwardWhy are future accountants learning about environmental hazards and controls?arrow_forwarddefine contingent liability and give an example. How would you management of a company distort a liability if they wish to report less liability in the financial statement.arrow_forward
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